Ranbaxy Laboratories Limited (hereafter, Ranbaxy), a subsidiary of Daiichi Sankyo Co., Ltd. (hereafter, Daiichi Sankyo), announced on May 22 the actions that Ranbaxy has taken in recent years to address past conduct under prior management (http://www.daiichisankyo.com/media_investors/media_relations/press_releases/index.html).

Daiichi Sankyo continues to support Ranbaxy in its efforts to address and correct the conduct of the past which led to the investigations by the U.S. Department of Justice (“DOJ”) and the U.S. Food and Drug Administration (“USFDA”). These efforts include significant changes to Ranbaxy’s management, culture, operations and compliance.

Daiichi Sankyo believes that certain former shareholders of Ranbaxy concealed and misrepresented critical information concerning the U.S. DOJ and FDA investigations. Daiichi Sankyo is currently pursuing its available legal remedies and cannot comment further on the subject at this time.

About Daiichi Sankyo Co., Ltd.

Listed: Code No.: 4568, First Section of Tokyo, Osaka and Nagoya Stock Exchanges President and CEO: Joji Nakayama

Source: Daiichi Sankyo Co., Ltd.

Contact:
Noriaki Ishida
Corporate Officer & Vice President
Corporate Communications Department
Daiichi Sankyo Co., Ltd.
Tel: +81-3-6225-1126
e-mail: kondo.toshiya.cj@daiichisankyo.co.jp

http://www.daiichisankyo.com/

Lahore, May 22, 2013 (PPI-OT): The position of the river inflows/outflows and the reservoirs levels today is as under:

Rivers                         Inflows              Outflows                  Remarks
                              (In Cusecs)          (In Cusecs)

Indus at Tarbela                 80700                 70000            Mean flows of 24 hours
Kabul At Nowshera                84200                 84200            Mean Flows of 24 hrs.
Jhelum at Mangla                 62100                 38000            Mean flows of 24 hours
Chenab at Marala                 47200                 25200            Flows at 0600 hours

Barrages                       Inflows              Outflows                  Remarks
                              (In Cusecs)          (In Cusecs)

Jinnah                          132600                125600            Flow at 0600 hours
Chashma                         133600                136000            Mean flows of 24 hours
Taunsa                           84900                 65900            Flow at 0600 hours
Panjnad                           4800                   Nil            Flow at 0600 hours
Guddu                            41200                 39200            Flow at 0600 hours
Sukkur                           34100                  8900            Flow at 0600 hours
Kotri                             8152                   Nil            Flow at 0600 hours

Reservoirs                   Present Level         Dead Level         Maximum level     Present
(at 0600 hours)             (Above Sea Level)    (Above Sea Level)      (ft.)           Live Storage

Tarbela                       1391.80 Feet         1378.00 Feet        1550.00          0.162 MAF
Mangla                        1111.65 Feet         1040.00 Feet        1242.00          0.830 MAF
Chashma                        641.70 Feet          637.00 Feet         649.00          0.068 MAF

For more information, contact:
Muhammad Abid Rana
Director Public Relations
Water and Power Development Authority (WAPDA)
G-32, WAPDA House, Lahore
Tel: +9242 9920 2633 and +9242 9920 2211 -2033 -2029
Cell: +92333 445 8293
Email: mabidrana@gmail.com

Karachi, May 22, 2013 (PPI-OT): Speaker Sindh Assembly Nisar Ahmed Khuhro has said assembly secretariat has not received any gazzate notification of winning candidates from ECP and still no any date is finallized for summoning of Sindh PA session regarding formation of Sindh Government. He was talking to media persons at his Sindh Assembly office here on Wednesday.

He said after 18th amendment when gazette notification of winning candidates will be issued from ECP till that day Sindh PA session can be summoned with 21 days and during these 21 days special Sindh Assembly session can be summoned within the notice of two or three days for the formation of Sindh government.

He said on the first day of PA session oath will be administered from elected members and on the second day nomination papers will be filed for Speaker and Deputy Speaker slot and on the third day members will elect leader of the house.

In a query Mr, Khuhro said party leadership will decide and annouce the candidate of Chief Minister in Sindh and all should accept the party decision because every one is bound of party discipline.

He said in the past he has accepted party decision and now he will also accept party decision regarding new responsibilities.

Nisar Ahmed Khuhro said those parties who were coalition partners with PPP now PPP will also go ahead with same coalition partners because PPP don’t believe in soloflite . Replying in a question he said CM and Speaker will be from PPP in Sindh.

For more information, contact:
Provincial Assembly of Sindh
Sindh Assembly Building
Court Road
Karachi, Pakistan
Tel: (021) 9212000
Fax: (021) 9212033

Islamabad, May 22, 2013 (PPI-OT): The UN Refugee Agency on Wednesday inaugurated a newly-constructed Refugee Affected and Hosting Area (RAHA) Secretariat building in Islamabad.

The building was constructed jointly by UNHCR and The United Nations Office for Project Services (UNOPS), and the facility was opened in a joint ceremony by the Ministry of States and Frontier Regions (SAFRON), UNHCR and UNOPS. Other RAHA actors, including UN sister agencies and German Government agencies also attended the event.

Speaking at the occasion, UNHCR’s Representative in Pakistan, Neill Wright, said that the opening ceremony marks the start of improved national RAHA coordination under one roof during the expansion of the RAHA initiative. “This building will help to bring the RAHA team together to better plan and implement strategies in a well-coordinated manner,” the UNHCR Representative explained.

In order to augment management and implementation capacity as discussed in the stakeholders’ conference on RAHA, the Representative noted the importance of consolidating RAHA structures both in Islamabad and in the provinces.

“RAHA is the largest component of the Solutions Strategy for Afghan Refugees (SSAR), accounting for almost 80 per cent of donor contributions for implementing that strategy in Pakistan,” he added.

The Representative lauded the efforts of the Government of Pakistan, participating UN Agencies and donors in bringing RAHA to its current level of success. He advocated for continued engagement, “If we are to maintain this progress, we must deepen, broaden and strengthen our partnership with the active cooperation of all stakeholders, under the leadership of the Government of Pakistan.”

The Chief Commissioner of Afghan Refugees, Dr Imran Zeb, present at the occasion, said that the Government of Pakistan attached utmost importance to the RAHA initiative, stating, “The impact of RAHA has been enormous. The Government appreciates the team work demonstrated by the RAHA programme.”

He announced that by 30 June, he anticipates the government having in place a new national strategy outlining the future policies regarding Afghan refugees in Pakistan.

For more information, contact:
Ms Duniya Aslam Khan
United Nations High Commissioner for Refugees (UNHCR)
Quaid-e-Azam University Road, Diplomatic Enclave 2, Sector G-4/2, Islamabad
Tel: +9251 282 9502 -6
Cell: 0300-501-7939,
Fax: +9251 227 9455
E-mail, khand@unhcr.org

Islamabad, May 22, 2013 (PPI-OT): U.S. Ambassador Richard Olson joined staff of the SOS Children’s Village of Islamabad to inaugurate a new English language laboratory at SOS today. Established with a grant from the U.S. Ambassador’s Fund, the new lab will enable the children living at the SOS Children’s Village to improve their English-language skills.

To furnish the lab, the U.S. government bought 22 computers, furniture, a printer, and special English-language software. “The U.S. government funds comprehensive education programs that will help millions of Pakistani children. Our funding of the new English-language lab for the SOS Children’s Village is an example of this assistance. It shows how the United States and Pakistan can work together to improve the lives of Pakistan’s children,” said Ambassador Olson at the inauguration of the English lab.

When asked about the impact of this English language lab, SOS Children’s Village of Islamabad Chairperson, Ms. Naznin Murtaza, said, “English has become the common language of business and education throughout the world.

However, most of the SOS children are from backgrounds that have not afforded them the opportunities to learn English. The new U.S.-funded English language lab will help these children overcome that challenge and equip them with English-language skills so they can rise as far as their talent and hard work will take them.”

The SOS Children’s Village of Islamabad was established in July 2011, and is currently supporting 92 boys and girls, along with 13 mothers. Most of these children are from Azad Jammu and Kashmir, and were orphaned by the devastating 2005 earthquake.

This initiative is one part of a comprehensive U.S. education assistance program, which includes building or rehabilitating nearly 800 schools; launching new degree programs in education at 90 teacher colleges and universities; providing scholarships for 12,000 students to study in Pakistan; and operating the largest Fulbright academic exchange program in the world.

The U.S. Ambassador’s Fund is a $15 million grant program managed by USAID and implemented under a contract with the National Rural Support Program (NRSP). The fund provides opportunities for Pakistani NGOs, civil society groups, private sector organizations, and communities to apply for and receive funding assistance to improve basic economic or social conditions at the local community level and support high-impact, quick-implementation activities. Interested parties should visit NRSP’s website at www.sgafp.org.pk.

To learn more about many other U.S.-Pakistan initiatives that are making a positive impact on the lives of Pakistanis – in energy, economic development, and health – please visit http://transition.usaid.gov/pk/ or email us at uspakassistance@state.gov.

For more information, contact:
Alberto Rodriguez
Spokesman
Information Office Public Affairs Section
Embassy of the United States of America
U.S. Embassy, Islamabad- Pakistan
Cell: +92300 501 2640
Tel: +9251-208 0000
Fax: +9251-227 8607
E-mail: webmasterisb@state.gov

Islamabad, May 22, 2013 (PPI-OT): The Election Commission of Pakistan has drawn attention to sub-clause (d) of Clause (6) of Article 51 of the Constitution of Islamic Republic of Pakistan, which provides that the members to fill seats reserved for women which are allocated to a Province shall be elected through Proportional Representation System of Political Parties’ lists of candidates on the basis of total number of general seats won by each political party from the Province concerned in the National Assembly. Sub-Clause (e) further provides that the members to fill seats reserved for non-Muslims shall be elected through Proportional Representation system of political parties list of candidates on the basis of total number of general seats owned by each political party in the National Assembly.

2. The aforesaid provisions of the Constitution further provide that the total number of general seats shall include the independent returned candidate or candidates who may duly join such political party within three (3) days of the publication in the official Gazette of the names of the returned candidates.

3. The independent returned candidates are, therefore, required to:

i- join any political party, if he or she so desires, through a written consent to the leader of the political party for joining his party,

ii- the party leader of the political party shall inform the Election Commission of such joining of an independent candidate through a letter to be addressed to the Election Commission,

iii- each independent candidate shall also submit an affidavit stating that he or she is joining a particular political party voluntarily and without any coercion,

iv- the affidavit shall be duly sworn before the Oath Commissioner and shall be deposited with the Provincial Election Commissioner concerned or with the Deputy Director (Cord.), Election Commission of Pakistan Secretariat, Islamabad in person.

v- on receipt of such affidavit, the PEC concerned or Deputy Director (Cord.), ECP Secretariat, Islamabad shall record statement on the affidavit that the same has been deposited in person by that independent candidate to whom the affidavit relates.

For more information, contact:
Election Commission of Pakistan (ECP)
Election Commission of Pakistan Secretariat
Election House, Constitution Avenue G-5/2,
Islamabad
Tel: +9251 920 1975, +9251 920 6062
Fax: +9251 920 5402, +9251 920 5300

Karachi, May 22, 2013 (PPI-OT): KSE-100: Relentless momentum gaining stupendously

Relentless bull trend takes another leap forward taking out the big figure 21,000 and was aided by exorbitant 71% increase in volume.

According to KASB Securities Limited what concerns us is that prevailing rally without a reasonable breather may be prone to counter trend moves of equally strong momentum as has been witnessed in the past. ƒ

Having said that, NBP, BAFL, PPL, EPCL, and NCL remain KASB Securities Limited favourites picks but KASB Securities Limited does recommend keeping the previous day’s low as the risk level.

Analysis and Overview:
Achieving another milestone KSE-100 gained 354 points to conclude the session at an all time high and above the psychological mark of 21,000. Importantly volume activity today also remained exorbitant clocking in 71% higher than the previous session. Similar enthusiasm was last witnessed on Mar 1, 2013.

What concerns us at prevailing levels and which calls for a prudent line of action is that the rally has continued without any reasonable breather. Such moves are prone to counter trend waves of equally strong momentum and have been witnessed on many occasions in history particularly in 2005, 2006 and 2008.
Having said that, NBP, BAFL, PPL, EPCL, NML and NCL remain KASB Securities Limited favourites picks in the near-term but KASB Securities Limited does recommend keeping the previous day’s low as the risk.

Karachi, May 22, 2013 (PPI-OT): Markets await Fed speech and FOMC minutes due today

FOMC member Bullard’s comments regarding continuation of quantitative easing sent speculative wave across markets, which were anticipating potential tapering of bond buying on improved labour markets. As a result, equities advanced with Dow Jones and SandP 500 closing at record highs.

According to KASB Securities Limited mid-day rally for precious metals failed to hold ground, closing down by the end of the session (gold -1.25%, silver -1.98%). Crude oil price on the other hand, remained listless.

Key events/data releases 
Time    Currency Impact Event                             Forecast    Previous 
22 May, 2013 Wednesday 
All Day  EUR   Medium  EU Economic Summit                     -          - 
8:07am   JPY   High   Monetary Policy Statement               -          - 
12:24pm  JPY   High   BoJ Press Conference                    -          - 
1:30pm   GBP   High   MPC Meeting Minutes                     -          - 
1:30pm   GBP   High   Retail Sales m/m                       0.00%     -0.70% 
7:00pm   USD   High   Existing Home Sales                    4.99M      4.92M 
7:00pm   USD   High   Fed Chairman Bernanke Testifies         -          - 
7:30pm   USD   Medium Crude Oil Inventories                  (0.4M)    (0.6M) 
11:00pm  USD   High   FOMC Meeting Minutes                    -          - 
23 May, 2013 Thursday 
12:30pm  EUR   High   German Flash Manufacturing PMI          48.60     48.10 
1:00pm   EUR   Medium Flash Manufacturing PMI                 47.10     46.70 
1:30pm   GBP   High   Second Estimate GDP q/q                  0.30%     0.30% 
5:30pm   USD   High   Unemployment Claims                      347K      360K 
7:00pm   EUR   Low    Consumer Confidence                      -22        -22 
7:00pm   USD   High   New Home Sales                           429K      417K 

Source: www.forexfactory.com/calendar 
 

Gold Spot

Technical Strategy: Buy on Weakness
Price levels around US$1,350 remains the pivot support in the near-term and from here onwards an upward move towards US$1,400 1,405 cannot be ruled out. KASB Securities Limited recommends buying gold around US$1,380 with risk defined below US$1,369 targeting the aforementioned level. Should yellow metal price cross above US$1,411, this move will give next potential target of US$1,423 – 1,430.

Silver Spot

Technical Strategy: Buy on Weakness
Ability to sustain above US$22.00 now reflects a possible up wave towards US$22.92 23.45. KASB Securities Limited recommends playing this upward wave by buying in between US$22.45 22.30 with risk defined below US$21.81.

WTI Spot (Crude Oil)

Technical Strategy: Sell on Strength
A strong resistance level of US$97.50 has been restricting every bullish wave for last few weeks. Moreover, 4H charts indicate formation of a head and shoulder which has corrective connotation in the near-term. Thus KASB Securities Limited suggests selling on strength i.e. in between US$96.30 – 96.75 targeting US$95.50 – 94.50 and later US$93.50. Place risk above US$97.50.

Karachi, May 22, 2013 (PPI-OT): Full Throttle

Short-Term View: A breakout gap accompanying strong candle sets continuation towards 21,336 and 21,946 levels.

According to AKD Securities thrust of impulse is strong enough to produce further gaps in the sessions ahead (i.e. run-away gap and exhaustion gap). Stay long, aiming for 21,800 21,946 levels (take-profit). Preferred picks ENGRO, FFBL, OGDC, PSO, EPCL, PTC, AICL, UBL and NBP. Buy the dips!

Intermediate View: All the ingredients (momentum, volume and market internals) for continuation of an inter- mediate uptrend remain intact. Shift in 14-week RSI (momentum oscillator) to upper readings (80—100) should not be viewed as a downright indication of an overbought market. On a larger degree, AKD Securities see the primary in-pulse striding for 22,740 23,682 levels.

Key supports on the downside reside around 20,000, 19,664 and 18,747 levels. Supported by a series of higher highs and higher lows, the general theme continues to appear con-structive / bullish above the cloud support and the 55-day average. AKD Securities finds strong potential in ENGRO, PSO, PTC, SNGP, MARI, EPCL, AICL, and BOP.

Karachi, May 22, 2013 (PPI-OT): KSE-100 index gained 354 points yesterday to close at 21,168.00 points with 444mn shares being traded.

According to Taurus Securities Limited top performers as per index points were OGDC, FFC and PSO whereas; top decliners were NATF, DAWH and NIB. Activity was mainly concentrated in Construction and Materials, Commercial Banks and Fixed Line Telecom.

Taurus Securities Limited recommends investors to sell on Strength.

Karachi, May 22, 2013 (PPI-OT): Foreign investors pumped a robust US$26mn into the Pakistan Market yesterday where a strong uptick in FPI flows (US$221mn CYTD as per Bloomberg) has dilven the KSE-1 00 Index to return 25%CYTD.

According to AKD Securities considering this recent foreign inflow (0.5% of total market capitalization) is significantly lower than for regional peers such as India, Philippines, Vietnam and Taiwan, and that Pakistan still trades at a steep 38% discount to the MSCI Asia Pacific Index, AKD Securities believes foreign investors will likely remain engaged with the Pakistan Market.

This should lead to a continued rerating in valuation multiples, provided clarity emerges on foreign assistance, where current PIE of 8.5x compares favourably against average PIE of 9.Ox in a single-digit interest rate environment (peak PIE of 13x).

In this regard, while Nishat Group stocks have been among the top gainers CYTD. several quality companies such as BAHL, FATIMA and FFC have deeply underperformed the Index and may potentially depict a catch-up rally going forward. In addition to these, AKD Securities also retain preference for DGKC, ENGRO, PTC, PSO and NML.

Foreign interest can continue: According to Bloomberg data, the Pakistan Market has witnessed Net FPI inflow of US$221 mn CY1 3TD (NCCPL data: US$279mn CY13TD). This compares against net inflow of US$126mn across full-year CY12, when foreign investor interest was a key driving force behind the KSE-100 Index’s 49% rise. While foreign inflows into Pakistan have sharply accelerated of late, CY13TD FRI is still only about 0.5% of the total market capitalization of -US$47bn.

This is significantly lower than 2.3% for India and also lower than O.63%-O.85% for Taiwan, Vietnam and the Philippines. This, together with Pakistan’s continued steep discount to the region (38% discount to the MSCI Asia Pacific Index) leads us to believe foreign investors will likely remain engaged with the Pakistan Market.

Rerating underway: The KSE-100 Index has returned 25%CYTD to trade at a forward PIE of 85x, a 28-month peak. In this regard, AKD Securities speculate that investors are assigning a lower risk premium to the Pakistan Market where Pakistan’s CDS spread has contracted to 9.08%, down from recent peak level of 10.8% in Mar13. Going forward, the rerating process I ray continue if there is no reversal in the monetary policy cycle, particularly if materialization of any foreign assistance (e.g. Saudi oil facility; tirther release of CSF) alleviates the Balance of Payments position in the near-term. Note that the Pakistan Markets PIE has averaged 9.Ox in a single-digit interest rate environment (peak PIE of 13x).

Focusing on underperformers: While Nishat Group stocks have been among the top gainers CY13TD, several quality companies have deeply underperformed the KSE-100 Index and could potentially depict a catch-up rally going forward.

These laggards include BAHL, FABL, FATIMA, FFC and LOTCHEM, among others, which have all posted negative returns relative to the index. In addition to these, AKD Securities also retain preference for DGKC, ENGRO, PTC, PSO and NML. Risks factors remain in the form of Balance of Payments concerns, a slowdown in profitability growth for Index heavyweights Banks and Oil and Gas and any negative shock in the upcoming FY14 Budget.

Karachi, May 22, 2013 (PPI-OT):

Total Volume (Lots):                               11,426

Traded Value (Rs):                          3,503,209,748

Commodity              Price Quotation              Open            Close

CRUDE OIL              $ Per Barrel                96.50            95.69

SILVER                 $ Per Ounce                22.565           22.560

GOLD                   $ Per Ounce              1,380.80         1,385.00

GOLD                  Rs Per 10 gms               44,394           44,565

GOLD                  Rs Per Tola                 53,656           53,778

RICEIRRI6             Rs Per 100 kg                3,576            3,575

PALMOLEIN             Rs Per Maund                 4,382            4,380

SUGAR                 Rs Per kg                    45.72            45.34

ICOTTON               US Cents per pound           85.33            84.65

WHEAT                 Rs Per 100 kg                3,175            3,174

Price quotes reflects the trades from 04:00 pm previous trading day to 04:00 pm current trading day

For more information, contact:
Sarang Abbasi
Asst. Manager, Risk & Analytics
Pakistan Mercantile Exchange
9th Floor, PRC Towers, 32-A,
Lalazar Drive M.T.Khan Road,
Karachi, Pakistan.
Cell: +92-03215148905
Fax: +92-35611263
UAN: +92-21-111-623-623, 99210650-61
Web: www.pmex.com.pk

Karachi, May 22, 2013 (PPI-OT):

KSE - MARKET HIGHLIGHTS

SL.NO        RECORDS                                      DATE               CLOSING           NET         HIGHEST             TOTAL PAID-UP         MARKET
                                                                             INDEX             CHANGE      TURNOVER             CAPITAL            CAPITALISATION
                                                                                                                               RS. IN MN.           RS. IN MN.

01.          Highest KSE-100 Index                      22-05-2013          21458.90          290.90           -              1,114,785.19          5,210,347.85

02           Maximum Increase in KSE-100 Index          24-06-2008          12122.67          +960.50          -                706,220.40          3,730,726.49

03.          Maximum Decrease in KSE-100 Index          31-12-2007          14075.83          -696.25          -                671,255.82          4,329,909.78

04.          Lowest KSE-100 Index                       14-07-1998            765.74          -                -                211,313.35            234,145.74

05.          Highest Turnover (T+3)                     16-04-2004           5582.28          -          1,122,496,620          364,600.69          1,489,458.53

For more information, contact:
S. Munawar Ali
Senior Manager
Public Relations
Karachi Stock Exchange
Tel: (92-21) 111-001122
Fax: (92-21) 3241 0825, (92-21) 3241 5136
Email: info@kse.com.pk
Web: www.kse.com.pk

Karachi, May 22, 2013 (PPI-OT): The following rates will be applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special U.S Dollar Bonds and profit thereon by all banks and for providing Forward Cover on Foreign Currency Deposits (excluding F.E-25 deposits) by the State Bank on May 23, 2013.

Currency          Rate in Pak Rupee
U.S. Dollar          98.5120
Japanese Yen          0.9577
Pound Sterling      148.7531
Euro                127.5435

For more information, contact:
Syed Wasimuddin
Chief Spokesman
State Bank of Pakistan (SBP)
Tel: +9221 3921 2562
Fax: +9221 3921 2563
Email: syed.wasimuddin@sbp.org.pk

Lahore, May 22, 2013 (PPI-OT): Lahore Township Industries Association has decided to launch protest against unscheduled prolonged power outages.

The decision to this regard was taken at a meeting here on Wednesday. Chairman LTIA Nasrullah Mughal presided over the meeting while PIAF Chairman Malik Tahir Javed, former Chairmen of the Association, Executive Members and a large number of industrialists were present in the meeting.

As per decision, the industrialists and workers of Lahore Township Industrial Area would stage a protest at various points in the industrial area on the date to be communicated by the LTIA to the industrial units soon. The protest would be led by the Chairman Lahore Township Industrial Area Nasrullah Mughal while the other leadership would also participate.

Earlier, addressing the LTIA Executive Committee, Nasrullah Mughal said that caretaker government would have to announce some relief for the industry as the recent crisis has left a number of industrialist with no option but to close down their industrial units and if some relief package was not announced it would not be able for the economy to get back on rails.

The LTIA Chairman said that a number of times concerned LESCO authorities were informed of the problem s of the industry due to non-availability of power, but they did not respond and only because o their cold attitude, the LTIA has decided to register their protest .

For more information, Contact:
Khalil-ur-Rehman
Pakistan Industrial and Traders Associations Front
110/s Kot Lakhpat Industrial Estate
Lahore, Pakistan
Phone: (92) 42 5123522
Fax: (92) 42 5123522
Email: Info@piaf.pk

Karachi, May 22, 2013 (PPI-OT): The yellow metal shine on account of strong demand from China, the world’s second-biggest gold consumer after India, and Federal Reserve officials allayed investor concerns that the U.S. central bank will soon exit its bullion-friendly bond purchases.

Malaysian palm oil futures rose to the highest in more than one month on Wednesday, as investors pinned their hopes on demand recovery ahead of the Muslim holy month of Ramadan.

Cotton futures already headed for their biggest monthly drop since September will fall further to the lowest price since late January, according to technical analysis by Michael T. Sweeney at broker Marex Spectron.

After a five-month rally that sent cotton to an 11-month high of 93.93 cents a pound on March 15, prices on ICE Futures U.S. fell below a 50-day moving average of 85.47 cents on April 8. The commodity slid 1.1 percent last month and was down 4.1 percent in May as of yesterday, when it closed at 83.86 cents, the first settlement this year below the 100-day moving average.

Settlement Prices at PMEX were as follows with volumes at Rs. 3.50 billion with 11,426 lots traded:

GOLD: USD 1,385.00 /t oz
SILVER: USD 22.560 /t oz
CRUDE OIL: USD 95.69 / barrel
IRRI-6: Rs. 3,575 /100 kg
Palmolein: Rs. 4,380 / Mound
Sugar: Rs. 45.34/kg
Wheat: Rs. 3,174/100 kg
ICotton: US cents/pound 84.65

For more information, contact:
Sarang Abbasi
Asst. Manager, Risk and Analytics
Pakistan Mercantile Exchange
9th Floor, PRC Towers, 32-A,
Lalazar Drive M.T.Khan Road,
Karachi, Pakistan.
Cell: +92-03215148905
Fax: +92-35611263
UAN: +92-21-111-623-623, 99210650-61
Web: www.pmex.com.pk

Lahore, May 22, 2013 (PPI-OT): The Lahore Chamber of Commerce and Industry on Wednesday expressed optimism that Chinese Prime Minister Li Keqiang’s visit to Pakistan will help open up new avenues of cooperation besides reinforcing the economic partnership between the two countries as in the era of globalization, interdependence is the basic feature defining state-to-state relations.

In a statement issued here, the LCCI President Farooq Iftikhar said that the business community has attached great significance to Chinese Prime Minister’s visit to Pakistan that is going to intensify the economic cooperation between the two sides.

The LCCI President said that the bond between China and Pakistan is unbreakable and the trade and economic ties as a whole have maintained growth momentum. “Pakistani nation has feelings of great respect for China who always extended admirable cooperation to the Pakistan at all fronts. China has always backed Pakistan in areas of mutual benefit and Pakistani people are proud of Pak-China exemplary friendship.”

He said that the Lahore Chamber of Commerce and Industry believes that China is an important regional and international player; therefore, its role is crucial in many ways.

He said that at a time when Chinese are striving to explore the untapped market in Pakistan, the business community here is desirous of transfer of Chinese technology to upgrade their manufacturing facilities.

Currently, bilateral trade between Pakistan and China stands at $12 billion a year. “We will certainly want to push this figure to over $15 billion in next two years,” said the LCCI President. More than 100 Chinese companies are already working on different projects in Pakistan with an investment of about $2bn.

“Pakistan has already given China a contract to develop and operate the Gwadar Port, and both countries don’t seem to want to stop there, and will work on deepening their economic and trade ties.”

He said that Pakistan is the first South Asian country to sign a free trade agreement and currency swap agreement with China, and it is the largest destination of Chinese investment in South Asia. China is Pakistan’s second largest trading partner and fourth largest export market.

He said that important agreements and MoUs in the fields of economy, science and technology, space and upper atmosphere communication and energy would put Pakistan’s economy on path to recovery.

The Chinese premier is accompanied by a high powered delegation, comprising Foreign Minister Wang Yi, Minister for Commerce Gao Hucheng and Chairman of National Development Reform Commission Xu Shaoshi, high ranking officials and leaders of the corporate sector.

They are expected to set up the China-Pakistan Economic Corridor, which would turn Pakistan into a hub of regional cooperation. Under this programme, China will make large investments in Gwadar Port, including setting up an oil city.

For more information, contact:
Shahid Khalil
Information Department
Lahore Chamber of Commerce and Industry (LCCI)
11-Shahrah-e-Aiwan-e-Tijarat,
Lahore -54000, Pakistan
Tel: +9242 111 222 499
Fax: +92 42 636 8854

Karachi, May 22, 2013 (PPI-OT): Chairman Law and Order sub-committee of Korangi association of Trade and industry (KATI), Nadeem Khan has urged all the political parties to give up their differences and work jointly to bring country out of crisis.

Talking to newsmen, he said that elections are now over and general public have giving their mandate. Now it is responsibility of elected members to make appropriate program to overcome power crisis, law and order, crate new jobs, and bring changes so that the general public should start feeling relaxed.

He said biggest challenge before political parties that they should now focus on economic crisis and make joint plans to bring country out of it..

The large population share of youth needs to be engaged constructively for the progress of the country to ensure that this growing power resource does not rot to a cancer. If the strength of the Rupee is not defended, inflation in Pakistan will touch around 1,500 percent effectively.

He said Pakistan is likely to hit a macroeconomic crisis if much-needed overall reforms are not implemented.

He also advised all the political parties not to use abusing language against each other. They must demonstrate their political maturity and prepare programs for reforms to bring positive change

“Industrial productions had already gone down, markets remain closed day today because of owing sit in, strikes and observing day of mourning as well as gas and electricity.

He said that the situation today has reached the point that the international donors have started showing their reluctance in rescheduling Pakistan loans.

He suggested that upcoming government at central and Sindh should form a joint law and order committee of all industrial estates of the city and issue its notification

For more information, contact:
Abdul Wahab
Press Secretary KATI
Korangi Association of Trade and Industry (KATI)
ST-4/2, Sector 23, Korangi Industrial Area,
Karachi 74900
Tel: +9221 3506 1211 -2
Cell: +92346 2012346
Fax: +9221 3506 1215
Email: kati@kati.pk

Karachi, May 22, 2013 (PPI-OT): Mobilink Foundation and the United Nations Educational, Scientific and Cultural Organization (UNESCO) have signed an agreement to enhance the award winning ‘SMS Based Literacy’ program.

The ‘SMS Based Literacy’ program uses Short Messaging Service (SMS) to impart education to learners across Pakistan. The program was conceived by UNESCO Islamabad, who started piloting this project with Mobilink in May 2009.

The fourth (4th) phase, in 2013, will include two projects with the first being the continuation of the SMS based literacy initiative for learners with an extended outreach across Punjab, KPK, FATA and Sindh. The second project extends the outreach of the program to help enhance the capacities of participating teachers across Pakistan.

As of 2013, the ‘SMS Based Literacy’ program will be managed under Mobilink Foundation’s flagship ‘mTaleem’ initiative. ‘mTaleem’ aims to provide education to underprivileged communities across Pakistan utilizing resources available to Mobilink Foundation.

This includes initiatives such as ‘SMS Based Learning’ and ‘Teach 2 Transform’, which is an innovative program to engage Mobilink Torchbearers (employee volunteers) as teaching assistants in schools across Pakistan.

Elaborating on the project, Dr. Kozue Kay Nagata, Director / Representative, UNESCO stated, “We have come a long way in this public –private partnership with Mobilink and other partners. Earlier when we started, it was only for rural women, but in its upcoming phase we are also using this innovative educational approach for the youth of FATA; off course this would not had been possible without our trusted partners.”

Bilal Munir Sheikh, Chief Commercial Officer, Mobilink highlighted, “The Mobilink Foundation has been the custodian of Mobilink’s Corporate Responsibility initiatives since 2008, with education being one of our primary areas of focus. We look forward to working closely with UNESCO to enhance the impact of this initiative for both learners and teachers over the course of this project. As Pakistan’s leading provider of cellular services, Mobilink is well placed to reach out to communities across Pakistan, especially those that are cut off from the conventional educational system.”

In early 2013, the ‘SMS Based Literacy’ program won the GSMA’s Global Mobile Award in the ‘Connected Life Awards’ category, and was acknowledged as the ‘Best Mobile Education or Learning Product or Service’. The program was highlighted by the competition’s jury as an “Excellent and needed mobile initiative with an explicit educational ideology that opens up new learning opportunities for a disadvantaged, rural group.”

For more information, contact:
Hussain Ali Talib
Manager – Corporate Communications
Mobilink
42, Kulsum Plaza, Blue Area,
Islamabad, Pakistan
Phone +92-51-2273984, 0301 822 9546
Email: hussain.talib@mobilink.net
UAN +92-51-111300300

Lahore, May 22, 2013 (PPI-OT): The Director General IPO-Pakistan Tarik Feroze has said that Government is committed to protect and vigorously enforce Intellectual Property Rights (IPR’s) besides providing a congenial and protected environment to improve the image of Pakistan as a responsible and Intellectual Property compliant nation.

The Director General was speaking at a Seminar on “Understanding IP Rights and Their Protection” for Trade Association held on Wednesday at Lahore Chamber of Commerce and Industry. LCCI President Farooq Iftikhar in his inaugural speech stressed the need for creating awareness about the importance of Intellectual Property Rights.

LCCI Vice President Mian Abuzar Shad, Convener LCCI Standing Committee on IPR Muhammad Zaka-ur-Rehman, Mian Muhammad Afzal, Executive Member Federation of Pakistan Chamber of Commerce and Industry (FPCCI); Ms. Saira Imdad Ali, Director, IPO, IP Attorneys and representatives of stakeholders attended seminar.

Mr. Tarik Feroze appreciated the role of business community for economic wellbeing and industrial development of Pakistan and said that IPO-Pakistan is keen to promote mutual understating for addressing IP related issues being faced by businessmen and other right holders.

He informed that representatives of Chamber of Commerce and Industry were being contacted by IPO and various initiatives were also under consideration to explore new avenues of mutual cooperation. He said that IP Centers would be established in Chamber of Commerce and SME offices to facilitate and provide necessary information about IP Registration.

He informed that with the assistance of European Union and World Intellectual Property Organization (WIPO), IP registries automation program was being implemented to improve management and service delivery system.

The Director General IPO described the performance and achievements of IPO-Pakistan during its short span of existence and said that massive public awareness has been undertaken for sensitizing the consumers about their legitimate rights to opt for genuine and branded products and services. The IPO has made efforts to curb counterfeiting and piracy with the support of enforcement agencies i.e. Police, Federal Investigation Agency (FIA) and Pakistan Customs.

The DG IPO said that we are in active collaboration with World Intellectual Property Organization (WIPO); World Trade Organization (WTO) and other international organizations in the related field and special emphasis has been laid on capacity building of IPO officials and stakeholders. He appreciated the valuable contributions of Federation of Pakistan Chamber of Commerce and Industry (FPPCI) and Chamber of Commerce and Industry for their support in organizing useful and informative awareness program on IP Rights.

The LCCI President Farooq Iftikhar presenting welcome address, also highlighted the role of Intellectual Property Organization of Pakistan in expansion of IP Rights orientation activities in collaboration with stakeholders and assured that the Lahore Chamber of Commerce would extend all possible assistance to involve every segments of society in IP awareness campaign.

The LCCI President said that the scope and importance of IPR cannot be underestimated particularly with reference to safeguarding the interest and future prospects of business community.

Farooq Iftikhar said that there could be no second opinion to this fact that the Intellectual Property (IP) is critical for competitive economy in the backdrop of ongoing globalization. The new concept of IP based nation is gaining ground because it is Intellectual Property which enables technology creation and technology transfer by providing the necessary enabling environment.

During the Seminar, Barrister Asjad Saeed, Co-Convener Standing Committee on IP Rights gave presentation on Balancing goals in the enforcement of IPR, Hassan Irfan Khan delivered on Importance of Trademarks/Copyrights Registration in Business, Farooq Hyder Shaikh Marketing Head of Service Sales Corporation gave presentation on Brand Development and Role of IPRs, Saad Nasrullah Advocate also gave presentation on Patents/Industrial Design and Registration, Dr. Shalla Javaid Akram Founder President Central North Punjab Women Chamber of Commerce and Industry (CNPWCCI) highlighted the Issues of Patent Infringement in Pharma Sector while. Farooq Amjad Meer deliberated on International Registration of Trademarks.

For more information, contact:
Shahid Khalil
Information Department
Lahore Chamber of Commerce and Industry (LCCI)
11-Shahrah-e-Aiwan-e-Tijarat,
Lahore -54000, Pakistan
Tel: +9242 111 222 499
Fax: +92 42 636 8854

Islamabad, May 22, 2013 (PPI-OT): A delegation of Islamabad Chamber of Commerce and Industry (ICCI) led by its President, Mr.Zafar Bakhtawari have a meeting with Mr.Tariq Fazal Chaudhary and congratulated him on winning election from NA-49 Islamabad in recent Elections.

Speaking on the occasion, Mr.Tariq Fazal Chaudhary said that he would make all-out efforts for the development of rural parts of Islamabad as NA-49 consists on 70 percent rural parts of Islamabad and 30 percent urban areas.

He said that his party would launch development projects throughout the country as PML-N leadership had already delivered various development projects to the masses in past and it would continue its struggle to make the country prosperous.

Mr.Zafar Bakhtawari, President ICCI informed the newly elected MNA about various problems faced by business community. He highlighted the problem of balanced rent control because non-existence of a balanced rent law in the federal capital was the main cause of rising rent disputes between tenants and landlords.

ICCI President said political stability is a pre-requisite for economic growth and development of the country in the prevailing global scenario to offset the future fiscal challenges. There should have been plan for practicing good governance for sustaining and maintaining a sound political and socio-economic system in the country, he maintained.

He urged the leaders of all the political parties to help strengthen democratic system in the national interest and said that political stability was a key factor worldwide for economic development and restoring confidence of foreign and local investors.

Mr.Bakhtawari informed Mr.Tariq Fazal Chaudhary that ICCI and CCCI were jointly working for establishing industrial estate on Chakwal Moterway which would bring further prosperity in this area. ICCI President said that business community of Islamabad attached high hopes from newly elected members of National Assembly to help in establishing industrial estate for Potohar region.

He expresses hope that Mr.Tariq Fazal Chaudhary that he would do his best for the development of rural areas of Islamabad as well as further development of urban areas. He said that the business community is optimistic that their problems will be resolved under the new leadership.

For more information, contact:
Islamabad Chamber of Commerce and Industry
Chamber House, Aiwan-e-Sanat-o-Tijarat Road,
Mauve Area, G-8/1,
Islamabad, Pakistan
Tel: +9251 225 0526 and 225 3145
Fax: +9251 225 2950
Email: icci@brain.net.pk
Website: www.icci.com.pk

Islamabad, May 22, 2013 (PPI-OT): Xpress Money, the world’s most dependable money transfer brand, in association with Union Insurance – one of the leading insurance firms in the Gulf Co-operation Council (GCC) region, today launched remittance industry’s first free life insurance for Overseas Pakistanis working in the Kingdom of Saudi Arabia (KSA) and Kuwait. Designed specifically to suit the blue collared population, this monthly renewable free life insurance scheme, is available to any person remitting money through Xpress Money.

This pioneering insurance will provide a life insurance protection of 15, 000 Saudi Riyals / 1150 Kuwaiti Dinars including 5000 Saudi Riyals / 390 Kuwaiti Dinars (approximately) of repatriation expenses of the mortal remains, something that not many insurance companies cover.

The life insurance benefit will be available to any person remitting money through Xpress Money for a period of one month, from the day the customer makes a transaction. A remitter can avail this life insurance free of cost irrespective of the amount transacted.

Mr. Rizwan Hamdani, Country Manager – Pakistan, Xpress Money, said: “Majority of the Pakistani expats from blue-collared category, residing and working in the KSA and Kuwait, generally work in hazardous conditions at construction sites, factories etc.

We launched this free life insurance scheme because we are sensitive to humanity and believe that every life is priceless. This life insurance is a critical value addition to our services and we are glad to be associated with Union Insurance – a leading insurance brand in the Gulf Co-operation Council (GCC) region in creating a new milestone in the remittance sphere.”

Mr. Hamdani further added, “This is a pioneering initiative that no remittance player has offered so far. The launch of this innovative product will truly benefit many blue-collared Overseas Pakistani workers and will give an edge to Xpress Money and Union Insurance. Being one of the biggest global remittance brands, we look forward to further expansion to other countries and regions over the next few months” he added.

Over the next few months Xpress Money plans to offer this service to a wider range of customers and will add more corridors to the existing list, based on the response that the service receives from the target audience.

For more information, contact:
Alisha Fernandes
Xpress Money
Email: alisha.fernandes@xpressmoney.com
Tell: +971 2 652 1317

Karachi, May 22, 2013 (PPI-OT): The Securities and Exchange Commission of Pakistan (SECP) has issued a license to the Sahara Insurance Company Limited (SICL), a wholly-owned subsidiary of the Employees Old-age Benefits Institution (EOBI), to transact non-life insurance business in the country. With continuing emphasis on social insurance, the EOBI decided to incorporate the SICL with the primary objective of providing health insurance coverage to the EOBI pensioners, aged between 60 and 70.

In addition, accidental death and disability coverage will be provided to expatriate Pakistanis working abroad. In case of health insurance the premium will be funded by the Workers Welfare Fund while premiums for accidental death and disability insurance will be paid directly by the expatriate Pakistani labor force to Sahara Insurance Company Limited (SICL).

Following the registration of the SICL, the total number of active non-life insurers has reached 40, while the total number of active insurance companies (life and non-life), including Pakistan Reinsurance Company Limited, now stands at 50.

It is important to note that the last time a license was issued by the SECP to an insurance company was in 2009, and that was to a life insurer. With this move, it is anticipated that the health insurance sector in Pakistan will witness visible growth, while holistically improving insurance penetration and density figures that have remained one of the lowest in the region.

TV Tickers

1. SECP issues license to the Sahara Insurance Company to conduct non-life insurance business

2. Sahara Insurance Company a subsidiary of EOBI will provide health insurance coverage to the EOBI pensioners, aged between 60 and 70.

3. Sahara Insurance Company will provide accidental death and disability coverage to expatriate Pakistanis.

For more information, contact:
Shakil Ahmad Chaudhary
Head, Internal and External Communication
Securities and Exchange Commission of Pakistan (SECP)
NIC Building, 63 Jinnah Avenue, Islamabad
Tel: +9251 921 4005 or 921 4009 (Ext. 378)
Fax: +9251 920 6459
Cell: +92302 855 2254
E-mail: shakil.chaudhary@secp.gov.pk

Islamabad, May 22, 2013 (PPI-OT):

MARKET TREND:                   Bullish

COMPANIES TRADED:                 TOTAL              PLUS              MINUS             EQUAL
                                   146                86                -60                0

INDEX POSITION:                   INDEX             Opening           Closing            Change
          ISE-10 Index:                             3924.98           3980.57            55.59

TOTAL VOLUME:                                       Previous          Current            Change
                                                    126,000            468,000          342,000
VOLUME LEADERS:

Company                           VOLUME of Shares
P.t.C.L                            250,000
Fauji Cement                       100,000
Bank of Punjab                     100,000
                                   

Top Gainer National Foods Rs.377.47 with an increase of Rs._+17.97.

Top Loser Indus Motors at Rs.321.00 with a decrease of Rs-11.00.

For more information, contact:
Islamabad Stock Exchange
ISE Towers
55-B, Jinnah Avenue, Islamabad, Pakistan
Tel: +92(51)111-473-473
Fax: +92(51)111-473-329
Email: info@ise.com.pk

Islamabad, May 22, 2013 (PPI-OT):

Company Name                Opening         Closing        Volume      Change
FUTURE CONTRACTS
HUBC- MAY                     61.25           60.51           0         -0.74
OGDC- MAY                    227.49          232.31           0          4.82
PTCL- MAY                     20.65           21.13           0          0.48
PSO-  MAY                    268.71          282.81           0         14.10
FFBL- MAY                     41.25           41.02           0         -0.23
                                                                        17.97
                                                                       -11.00

For more information, contact:
Islamabad Stock Exchange
ISE Towers
55-B, Jinnah Avenue, Islamabad, Pakistan
Tel: +92(51)111-473-473
Fax: +92(51)111-473-329
Email: info@ise.com.pk

Islamabad, May 22, 2013 (PPI-OT):

Company Name                          Symbol Code                 Opening         Closing        Volume      Change
BOND
Pakistan Mobile Comm.                   PMTFC3                    5000.00         5000.00          0          0.00
National Savings Bond 10 Years          NSB 10 Y1                  100.00          100.00          0          0.00
National Savings Bond 5 Years           NSB 5 Y1                   100.00          100.00          0          0.00

For more information, contact:
Islamabad Stock Exchange
ISE Towers
55-B, Jinnah Avenue, Islamabad, Pakistan
Tel: +92(51)111-473-473
Fax: +92(51)111-473-329
Email: info@ise.com.pk

Islamabad, May 22, 2013 (PPI-OT):

Company Name                   Symbol Code               Opening         Closing        Volume       Change
MISCELLANEOUS
Al-Khair Gadoon                   AKGL                    11.50           11.50           0           0.00
Diamond Industries Ltd.           DIIL                    21.00           21.00           0           0.00
Gammon Pak                        GAMON                    5.20            6.18           0           0.98
Shifa Int. Hospitals              SHFA                    46.10           46.10           0           0.00
Tri-Pack Films XD                 TRIPF                  204.31          208.22           0           3.91
United Distributers               UDPL                    15.75           15.60           0          -0.15

For more information, contact:
Islamabad Stock Exchange
ISE Towers
55-B, Jinnah Avenue, Islamabad, Pakistan
Tel: +92(51)111-473-473
Fax: +92(51)111-473-329
Email: info@ise.com.pk

Islamabad, May 22, 2013 (PPI-OT):

Company Name           Symbol Code              Opening        Closing         Volume       Change
Glass and Ceramics 
Emco Industries           EMCO                    3.75           3.85           0            0.10
Shabbir Tiles             STCL                    9.00           8.76           0           -0.24
Tariq Glass Ind.          TGL                    22.37          22.00           0           -0.37

For more information, contact:
Islamabad Stock Exchange
ISE Towers
55-B, Jinnah Avenue, Islamabad, Pakistan
Tel: +92(51)111-473-473
Fax: +92(51)111-473-329
Email: info@ise.com.pk

Islamabad, May 22, 2013 (PPI-OT):

Company Name                     Symbol Code     Opening     Closing      Volume        Change
LEATHER AND TANNERI 
Pakistan Leather susp.               PAKL          2.89        2.89         0            0.00

For more information, contact:
Islamabad Stock Exchange
ISE Towers
55-B, Jinnah Avenue, Islamabad, Pakistan
Tel: +92(51)111-473-473
Fax: +92(51)111-473-329
Email: info@ise.com.pk

Islamabad, May 22, 2013 (PPI-OT):

Company Name                         Symbol Code             Opening          Closing         Volume       Change
FOOD AND PERSONAL CARE PRODUC
Mitchell's Fruit Farms                 MFFL                   387.00           394.87           0           7.87
Murree Brewery                         MUREB                  365.01           365.01           0           0.00
National Foods                         NATF                   359.50           377.47           0          17.97
Quice Food                             QUICE                    9.36             9.28           0          -0.08
Shield Corporation                     SCL                    190.00           190.00           0           0.00
Treet Corporation                      TREET                   60.39            58.16           0          -2.23
Treet Corp. (PTCs)                     TCLTC                   34.50            35.00           0           0.50
UniLever Pakistan XD                   ULEVER               15000.00         15000.00           0           0.00

For more information, contact:
Islamabad Stock Exchange
ISE Towers
55-B, Jinnah Avenue, Islamabad, Pakistan
Tel: +92(51)111-473-473
Fax: +92(51)111-473-329
Email: info@ise.com.pk

Islamabad, May 22, 2013 (PPI-OT):

Company Name                 Symbol Code       Opening     Closing      Volume      Change
VANASPATI AND ALLIED
Punjab Oil Mills XD             POML            66.75       66.75         0          0.00

For more information, contact:
Islamabad Stock Exchange
ISE Towers
55-B, Jinnah Avenue, Islamabad, Pakistan
Tel: +92(51)111-473-473
Fax: +92(51)111-473-329
Email: info@ise.com.pk

Islamabad, May 22, 2013 (PPI-OT):

Company Name              Symbol Code        Opening       Closing        Volume       Change
PAPER AND BOARD
Central Forest.               CEFP             3.50          3.50           0           0.00
Packages Limited. XD          PKGS           221.25        225.00           0           3.75

For more information, contact:
Islamabad Stock Exchange
ISE Towers
55-B, Jinnah Avenue, Islamabad, Pakistan
Tel: +92(51)111-473-473
Fax: +92(51)111-473-329
Email: info@ise.com.pk

Islamabad, May 22, 2013 (PPI-OT):

Company Name                  Symbol Code          Opening          Closing        Volume      Change
PHARMACEUTICA
Abbott Laboratories.             ABOT               304.00          299.90           0          -4.10
Ferozsons Laboratries            FEROZ               93.00           97.65           0           4.65
Highnoon Laboratories XD         HINOON              60.15           59.00           0          -1.15
Searle Company                   SEARL               79.61           78.01           0          -1.60
Sanofi Aventis Pakistan XD       SAPL               459.74          459.74           0           0.00

For more information, contact:
Islamabad Stock Exchange
ISE Towers
55-B, Jinnah Avenue, Islamabad, Pakistan
Tel: +92(51)111-473-473
Fax: +92(51)111-473-329
Email: info@ise.com.pk

Islamabad, May 22, 2013 (PPI-OT):

Company Name                        Symbol Code              Opening         Closing        Volume       Change
CHEMICALS
Arif Habib Corporation                AHCL                    24.39           24.19           0          -0.20
Berger Paints                         BERG                    25.70           25.78           0           0.08
Biafo Industries XD                   BIFO                   103.93          103.93           0           0.00
Engro Polymer and Chem.               EPCL                    12.10           12.10           0           0.00
ICI Pakistan XD                       ICI                    178.75          176.91           0          -1.84
Linde Pakistan Ltd. XD                LINDE                  175.00          170.00           0          -5.00
Lotte Chemical                        LOTCHEM                  7.78            8.63           0           0.85
Sardar Chemical                       SARC                     6.03            5.70           0          -0.33
Sitara Chemicals                      SITC                   192.50          193.25           0           0.75
Wah Noble Chemicals                   WAHN                    55.50           55.00           0          -0.50

For more information, contact:
Islamabad Stock Exchange
ISE Towers
55-B, Jinnah Avenue, Islamabad, Pakistan
Tel: +92(51)111-473-473
Fax: +92(51)111-473-329
Email: info@ise.com.pk

Islamabad, May 22, 2013 (PPI-OT):

Company Name                   Symbol Code          Opening         Closing       Volume        Change
FERTILIZER
Dawood Hercules Cor.             DAWH                59.32           58.53           0          -0.79
Engro Corporation                ENGRO              141.24          141.54           0           0.30
Fatima Fertilizer XD             FATIMA              23.49           23.50           0           0.01
Fauji Fertilizer Bin Qasim       FFBL                41.08           40.93           0          -0.15
Fauji Fertilizer XD              FFC                113.93          115.64           0           1.71

For more information, contact:
Islamabad Stock Exchange
ISE Towers
55-B, Jinnah Avenue, Islamabad, Pakistan
Tel: +92(51)111-473-473
Fax: +92(51)111-473-329
Email: info@ise.com.pk

Islamabad, May 22, 2013 (PPI-OT):

Company Name               Symbol Code              Opening          Closing        Volume        Change
TECHNOLOGY AND COMM.
NetSol Technologies           NETSOL                  26.84           26.75           0           -0.09
Pak Datacom XD                PAKD                    80.94           80.00           0           -0.94
P. T. C. L. "A"               PTC                     20.67           21.05           250000       0.38
P. T. C. L. "B"               PTCB                       NT              NT           0            0.00
Telecard Ltd                  TELE                     5.39            5.61           0            0.22
Wateen Telecom Ltd.           WTCL                     4.83            5.05           0            0.22

For more information, contact:
Islamabad Stock Exchange
ISE Towers
55-B, Jinnah Avenue, Islamabad, Pakistan
Tel: +92(51)111-473-473
Fax: +92(51)111-473-329
Email: info@ise.com.pk

Islamabad, May 22, 2013 (PPI-OT):

Company Name                 Symbol Code        Opening     Closing      Volume       Change
TRANSPORT 
P. I. A. Corporation           PIAA               6.48       7.39           0           0.91

For more information, contact:
Islamabad Stock Exchange
ISE Towers
55-B, Jinnah Avenue, Islamabad, Pakistan
Tel: +92(51)111-473-473
Fax: +92(51)111-473-329
Email: info@ise.com.pk

Islamabad, May 22, 2013 (PPI-OT):

Company Name                 Symbol Code             Opening         Closing          Volume        Change
CABLES AND ELEC.GOODS
Pak Elektron.                   PAEL                    15.11           14.85           0           -0.26
Siemens Engineering             SIEM                   645.51          640.78           0           -4.73

For more information, contact:
Islamabad Stock Exchange
ISE Towers
55-B, Jinnah Avenue, Islamabad, Pakistan
Tel: +92(51)111-473-473
Fax: +92(51)111-473-329
Email: info@ise.com.pk

Islamabad, May 22, 2013 (PPI-OT):

Company Name                  Symbol Code             Opening        Closing         Volume        Change
AUTOMOBILE ASSEMBLER
Dewan Farooque Motors            DFML                    3.89           4.00           0            0.11
Ghandhara Industries Ltd         GHNI                   22.50          22.61           0            0.11
Ghandhara Nissan Ltd             GHNL                    8.08           8.08           0            0.00
Ghani  Automobile Ind.           GAIL                    5.00           4.90           0           -0.10
Honda Atlas Cars                 HCAR                   40.71          39.04           0           -1.67
Indus Motors Company XD          INDU                  332.00         321.00           0          -11.00
Millat Tractors                  MTL                   505.94         500.52           0           -5.42
Sazgar Engineering               SAZEW                  21.47          20.96           0           -0.51

For more information, contact:
Islamabad Stock Exchange
ISE Towers
55-B, Jinnah Avenue, Islamabad, Pakistan
Tel: +92(51)111-473-473
Fax: +92(51)111-473-329
Email: info@ise.com.pk

Islamabad, May 22, 2013 (PPI-OT):

Company Name               Symbol Code              Opening         Closing        Volume       Change
ENGINEERING
Ados Pakistan                ADOS                    46.67           49.00           0           2.33
Crescent Steel.              CSAP                    41.10           41.16           0           0.06
International Ind. XD        INIL                    38.50           38.48           0          -0.02
Pakistan Engg.               PECO                    42.95           42.95           0           0.00

For more information, contact:
Islamabad Stock Exchange
ISE Towers
55-B, Jinnah Avenue, Islamabad, Pakistan
Tel: +92(51)111-473-473
Fax: +92(51)111-473-329
Email: info@ise.com.pk

Islamabad, May 22, 2013 (PPI-OT):

Company Name                   Symbol Code              Opening          Closing         Volume       Change
OIL and GAS EXPLORATION COS.
Mari Petroleum                    MARI                   130.90           137.44           0           6.54
Oil and  Gas Dev. Co.             OGDC                   231.18           233.08           0           1.90
Pakistan Oilfields                POL                    499.18           510.56           0          11.38
Pakistan Petroleum                PPL                    216.57           222.76           0           6.19

For more information, contact:
Islamabad Stock Exchange
ISE Towers
55-B, Jinnah Avenue, Islamabad, Pakistan
Tel: +92(51)111-473-473
Fax: +92(51)111-473-329
Email: info@ise.com.pk

Islamabad, May 22, 2013 (PPI-OT):

Company Name                Symbol Code              Opening        Closing        Volume       Change
OIL and GAS MARKETING COS.
Pakistan State Oil           PSO                    269.31          282.77           0          13.46
Sui Northern Gas             SNGP                    20.33           21.03           0           0.70
Sui Southern Gas             SSGC                    19.28           20.28           0           1.00

For more information, contact:
Islamabad Stock Exchange
ISE Towers
55-B, Jinnah Avenue, Islamabad, Pakistan
Tel: +92(51)111-473-473
Fax: +92(51)111-473-329
Email: info@ise.com.pk

Islamabad, May 22, 2013 (PPI-OT):

Company Name            Symbol Code             Opening         Closing       Volume       Change
POWER GENERATION AND
DISTRIBUTIO
Genertech Pak             GENP                    0.89           0.89           0           0.00
Hub Power Co. XD          HUBC                   60.67          60.71           0           0.04
K. E. S. C.               KESC                    6.35           6.92           0           0.57
Kohinoor Energy XD        KOHE                   32.98          33.31           0           0.33
Kot Addu Power            KAPCO                  62.79          62.35           0          -0.44
Kohinoor Power            KOHP                    5.00           5.45           0           0.45
S. G. Power               SGPL                    3.55           3.44           0          -0.11
Sitara Energy             SEL                    31.50          32.06           0           0.56
Southern Electric         SEPCO                   3.23           3.31           0           0.08
Tri Star Power            TSPL                    2.88           2.85           0          -0.03

For more information, contact:
Islamabad Stock Exchange
ISE Towers
55-B, Jinnah Avenue, Islamabad, Pakistan
Tel: +92(51)111-473-473
Fax: +92(51)111-473-329
Email: info@ise.com.pk

Islamabad, May 22, 2013 (PPI-OT):

Company Name             Symbol Code               Opening         Closing        Volume        Change
REFINERY
Attock Refinery XD          ATRL                    191.38           194.35           0           2.97
BYCO Petroleum              BOYCO                    11.27            11.97           0           0.70
National Refinery           NRL                     220.16           231.16           0          11.00

For more information, contact:
Islamabad Stock Exchange
ISE Towers
55-B, Jinnah Avenue, Islamabad, Pakistan
Tel: +92(51)111-473-473
Fax: +92(51)111-473-329
Email: info@ise.com.pk

Islamabad, May 22, 2013 (PPI-OT):

Company Name             Symbol Code            Opening      Closing     Volume     Change
Tobacco
Pakistan Tobacco            PAKT                125.60        125.00        0       -0.60

For more information, contact:
Islamabad Stock Exchange
ISE Towers
55-B, Jinnah Avenue, Islamabad, Pakistan
Tel: +92(51)111-473-473
Fax: +92(51)111-473-329
Email: info@ise.com.pk

Islamabad, May 22, 2013 (PPI-OT):

Company Name                Symbol Code              Opening         Closing        Volume       Change
CEMENT
Akzo Noble Pakistan XD         AKZO                    63.99           65.36           0           1.37
Cherat Cement                  CHCC                    60.49           59.97           0          -0.52
D.G.Khan Cement                DGKC                    77.42           78.64           0           1.22
Dadabhoy Cement Susp.          DBCI                     3.56            4.32           0           0.76
Fauji Cement                   FCCL                    11.76           12.06           100000      0.30
Fecto Cement                   FECTC                   40.06           40.77           0           0.71
Flying Cement                  FLYNG                    4.03            4.41           0           0.38
Kohat Cement                   KOHC                    81.32           82.31           0           0.99
Lafarge Pakistan Cement XD     LPCL                     7.98            8.32           16000       0.34
Lucky Cement                   LUCK                   181.80          182.58           0           0.78
Maple Leaf Cement              MLCF                    21.48           21.87           0           0.39
Mustehkam Cement               MUCL                    54.98           54.98           0           0.00
Pioneer Cement  XD             PIOC                    28.05           28.19           0           0.14

For more information, contact:
Islamabad Stock Exchange
ISE Towers
55-B, Jinnah Avenue, Islamabad, Pakistan
Tel: +92(51)111-473-473
Fax: +92(51)111-473-329
Email: info@ise.com.pk

Islamabad, May 22, 2013 (PPI-OT):

Company Name            Symbol Code               Opening        Closing         Volume       Change
SUGAR AND ALLIED
Baba Farid Sugar           BAFS                    26.68           26.68           0            0.00
Chashma Sugar              CHAS                    10.36           10.30           0           -0.06
Noon Sugar                 NONS                    26.00           25.90           0           -0.10
Premier Sugar              PMRS                    64.35           62.00           0           -2.35
Shakarganj Mills           SGML                    25.03           24.38           0           -0.65
Sind Abadgar Sugar         SASML                   13.50           13.50           0            0.00

For more information, contact:
Islamabad Stock Exchange
ISE Towers
55-B, Jinnah Avenue, Islamabad, Pakistan
Tel: +92(51)111-473-473
Fax: +92(51)111-473-329
Email: info@ise.com.pk

Islamabad, May 22, 2013 (PPI-OT):

Company Name           Symbol Code      Opening      Closing       Volume       Change
Jute
Crescent Jute             CJPL           2.09          2.06          0          -0.03

For more information, contact:
Islamabad Stock Exchange
ISE Towers
55-B, Jinnah Avenue, Islamabad, Pakistan
Tel: +92(51)111-473-473
Fax: +92(51)111-473-329
Email: info@ise.com.pk

Islamabad, May 22, 2013 (PPI-OT):

Company Name                 Symbol Code           Opening         Closing       Volume       Change
SYNTHETIC AND RAYON
Dewan Salman Fibres            DSFL                  2.76           2.76           0           0.00
Gatron Industries              GATI                195.00         190.00           0          -5.00
National Fibres                NAFL                  0.00           0.00           0           0.00
Pak Synthetics                 PSYL                 18.10          18.15           0           0.05
Rupali Polyester               RUPL                 21.25          21.25           0           0.00

For more information, contact:
Islamabad Stock Exchange
ISE Towers
55-B, Jinnah Avenue, Islamabad, Pakistan
Tel: +92(51)111-473-473
Fax: +92(51)111-473-329
Email: info@ise.com.pk

Islamabad, May 22, 2013 (PPI-OT):

Company Name                Symbol Code          Opening      Closing     Volume     Change
WOOLLEN
Bannu Woollen Mills           BNWM                67.38        70.00         0        2.62

For more information, contact:
Islamabad Stock Exchange
ISE Towers
55-B, Jinnah Avenue, Islamabad, Pakistan
Tel: +92(51)111-473-473
Fax: +92(51)111-473-329
Email: info@ise.com.pk