Islamabad, June 18 2013 (PPI-OT):

Company Name                  Symbol Code       Opening          Closing        Volume         Change
TEXTILE COMPOSITE SECTOR  
Ahmed Hassan Tex.                AHTM            22.30            21.20            0            -1.10
Aruj  Industries                 ARUJ             8.00             8.00            0             0.00
Bhanero Textile                  BHAT           338.41           330.00            0            -8.41
Blessed Textile                  BTL            118.75           118.75            0             0.00
Crescent Textile                 CRTM            18.30            18.49            0             0.19
Faisal Spinning                  FASM           110.05           108.00            0            -2.05
Hala Enterprises susp.           HAEL             5.00             5.00            0             0.00
International Knitwear           INKL            10.09            10.30            0             0.21
Jubilee Spinning and Weaving     JUBS             5.86             5.29            0            -0.57
Kohinoor Industries              KOIL             3.15             3.07            0            -0.08
Kohinoor Textile                 KTML            18.11            17.42            0            -0.69
Kohinoor Mills Ltd.              KML             17.00            17.05            0             0.05
Masood Textile                   MSOT            25.00            25.00            0             0.00
Nishat Mills                     NML            101.38           100.90            0            -0.48
Sapphire Fibres XD               SFL            170.49           170.49            0             0.00
Schon Textile                    SCHT             0.00             0.00            0             0.00
Taj Textile                      TAJT             0.41             0.41            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, June 18 2013 (PPI-OT):

Company Name                  Symbol Code       Opening          Closing        Volume         Change
TEXTILE COMPOSITE SECTOR  
Ahmed Hassan Tex.                AHTM            22.30            21.20            0            -1.10
Aruj  Industries                 ARUJ             8.00             8.00            0             0.00
Bhanero Textile                  BHAT           338.41           330.00            0            -8.41
Blessed Textile                  BTL            118.75           118.75            0             0.00
Crescent Textile                 CRTM            18.30            18.49            0             0.19
Faisal Spinning                  FASM           110.05           108.00            0            -2.05
Hala Enterprises susp.           HAEL             5.00             5.00            0             0.00
International Knitwear           INKL            10.09            10.30            0             0.21
Jubilee Spinning and Weaving     JUBS             5.86             5.29            0            -0.57
Kohinoor Industries              KOIL             3.15             3.07            0            -0.08
Kohinoor Textile                 KTML            18.11            17.42            0            -0.69
Kohinoor Mills Ltd.              KML             17.00            17.05            0             0.05
Masood Textile                   MSOT            25.00            25.00            0             0.00
Nishat Mills                     NML            101.38           100.90            0            -0.48
Sapphire Fibres XD               SFL            170.49           170.49            0             0.00
Schon Textile                    SCHT             0.00             0.00            0             0.00
Taj Textile                      TAJT             0.41             0.41            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

- Q400 NextGen aircraft receives Transport Canada certification for RNP AR 0.3

PARIS, FRANCE–(Marketwired / Asianet-Pakistan – June 19, 2013) – Bombardier Aerospace announced today that Seattle-based Horizon Air has signed a firm contract to acquire three 76-seat Bombardier Q400 NextGen turboprop airliners. The transaction represents the conversion of three previously booked options on the aircraft. The airline also reconfirmed its options on another seven Q400 NextGen aircraft.

Based on the list price of the Q400 NextGen aircraft, the contract announced today is valued at approximately $98 million US.

The three new aircraft will increase Horizon Air’s orders for Q400 and Q400 NextGen airliners to 51 aircraft – the world’s largest fleet. Including the order announced today, Horizon Air has ordered a total of 100 Bombardier Dash 8/Q-Series aircraft since 1985.

“This aircraft order represents a significant milestone for Horizon and our employees, who have dedicated themselves to transforming our business and enabled us to grow,” said Glenn Johnson, Horizon Air President. “The addition of these three Q400 NextGen aircraft will allow us to venture into the state of Alaska, which is considered America’s last frontier and is now an exciting new frontier for Horizon.”

“Our Q400 and Q400 NextGen aircraft remain North America’s preferred turboprop because they provide the best combination of fuel efficiency and productivity in their class,” said Mike Arcamone, President, Bombardier Commercial Aircraft. “Airlines that operate these aircraft successfully deploy them in a wide range of markets, from typical short-haul turboprop markets to longer-haul operations where they complement, and in some cases replace, jet aircraft.

“Horizon Air has been a Bombardier customer since 1985 when it ordered its first 10 37-seat Dash 8-100 airliners,” added Mr. Arcamone. “We are thrilled that the airline is returning to order more Q400 aircraft – a superb testament to the flexibility and reliability of the aircraft.”

Bombardier also announced that Transport Canada has certified the Q400 aircraft for the advanced navigation capability of Required Navigation Performance AR 0.3 (RNP AR 0.3). The Q400 aircraft offers the most advanced navigation capabilities in the regional airline market. Horizon Air’s Q400 aircraft are equipped with Head-up Guidance Systems (HGS) for all weather operations; Wide Area Augmentation Systems (WAAS) with approach guidance (LPV) for ILS-like landing minima at remote runways; and RNP AR 0.3 to fly curved approaches to airports in difficult terrain. The unmatched capability to land and take off at challenging runways in unsettled weather is another benefit of the Q400 aircraft.

Including the order announced today, Bombardier has booked firm orders for 471 Q400 and Q400 NextGen aircraft. Worldwide, Q400 and Q400 NextGen aircraft have transported more than 243 million passengers and have logged over 4.2 million flight hours and more than 4.5 million take-offs and landings. The Q400 and Q400 NextGen aircraft program includes some 50 operators and customers in 35 countries on five continents.

About Q400 NextGen aircraft

The Q400 NextGen turboprop airliner, which is built at Bombardier’s Toronto, Ontario facility, is the most recent development in the evolution of the Q400 aircraft, and the advanced successor to Bombardier’s Dash 8/Q-Series family of aircraft. Optimized for short-haul operations, the “comfortably greener,” 70- to 80-seat Q400 NextGen aircraft is a large, fast, quiet and fuel-efficient turboprop. It provides an ideal balance of passenger comfort and operating economics with a reduced environmental footprint.

About Horizon Air

Established in 1981, Horizon Air was acquired in 1986 by Alaska Air Group, Inc., the parent company of Alaska Airlines. At its start, the airline operated two aircraft and served three destinations in Washington state. Today it flies 48 aircraft on behalf of Alaska Airlines and serves 39 cities in the western United States, Canada and Mexico.

Horizon Air and Alaska Airlines, subsidiaries of Alaska Air Group (NYSE: ALK), together serve more than 90 cities through an expansive network in Alaska, the Lower 48, Hawaii, Canada and Mexico. Alaska Airlines has ranked “Highest in Customer Satisfaction Among Traditional Network Carriers” in the J.D. Power and Associates North America Airline Satisfaction StudySM for six consecutive years from 2008 to 2013. For reservations, visit www.alaskaair.com. For more news and information, visit the Alaska Airlines/Horizon Air Newsroom at www.alaskaair.com/newsroom.

About Bombardier

Bombardier is the world’s only manufacturer of both planes and trains. Looking far ahead while delivering today, Bombardier is evolving mobility worldwide by answering the call for more efficient, sustainable and enjoyable transportation everywhere. Our vehicles, services and, most of all, our employees are what make us a global leader in transportation.

Bombardier is headquartered in Montreal, Canada. Our shares are traded on the Toronto Stock Exchange (BBD) and we are listed on the Dow Jones Sustainability World and North America Indexes. In the fiscal year ended December 31, 2012, we posted revenues of $16.8 billion. News and information are available at bombardier.com or follow us on Twitter @Bombardier.

Notes to editors

Images of Q400 NextGen aircraft in the Alaska Airlines / Horizon Air livery are posted with this press release at www.bombardier.com.

Additional information on the Q400 NextGen aircraft is available at www.q400nextgen.com.

Please visit Bombardier’s Web site dedicated to its upcoming events at the International Paris Air Show: airshows.bombardier.com.

Follow @Bombardier_Aero on Twitter to receive the latest news and updates from Bombardier Aerospace.

Bombardier, Dash 8, NextGen, Q400, Q-Series and The Evolution of Mobility are trademarks of Bombardier Inc. or its subsidiaries.

Contact Information

Contacts:
Bombardier Commercial Aircraft
Marc Duchesne
+1-416-375-3030
marc.duchesne@aero.bombardier.com
www.bombardier.com

Options for 20 Challenger 350 jets

Total order value of $1.035 billion US

Challenger 350 aircraft to complete VistaJet’s modern platform fleet

PARIS, FRANCE–(Marketwired / Asianet-Pakistan – June 19, 2013) -

Editors note: There is one photo associated with this press release.

VistaJet, the world’s leading Global business aviation company, today announced a transaction with Bombardier Aerospace for 40 Challenger* 350* jets, consisting of 20 firm orders and 20 options with a 2013 list price of $1.035 billion US. The new Challenger 350 jets will join the VistaJet fleet in mid-2014.

Thomas Flohr, Founder and Chairman of VistaJet, commented, “VistaJet leads the industry in offering the world’s most modern fleet of large cabin jets. We now expand this strategy by adding the newest super-midsize aircraft to our current fleet of Global* and Challenger* aircraft. Having personally participated in the focus groups that led to the Challenger 350 jet’s conception, I am confident that this aircraft will deliver the comfort, technology and range that our customers rely on when flying with VistaJet.”

Flohr added, “Our Think Global strategy and commitment to provide point-to-point global coverage includes providing the best aircraft option for our customers’ intercontinental and transcontinental travel needs, always with guaranteed availability.”

Featuring a jump seat for the Cabin Hostess and cabin divider door, VistaJet’s Challenger 350 aircraft configuration mirrors the high standard and privacy of its larger counterparts within the fleet. The Challenger 350 jet is equipped with the latest cabin management system, including features such as in-flight Internet access via WI-FI, a modern business suite and trim panel speakers for the ultimate in-flight sound. VistaJet is the only operator with a Cabin Hostess on every flight.

The Challenger 350 jet has a true intercontinental range of 5,926 km; providing non-stop connections between all major cities within Mainland China, exceptional point-to-point access between major African cities and an impressive intercontinental capability, such as London-Lagos, Moscow-Dubai and Mumbai-Nairobi**.

“Following a historic Global aircraft order late last year, we are very proud that VistaJet has once again chosen to partner with Bombardier for their fleet expansion needs. Our newly launched Challenger 350 jet will be an excellent complement to their existing fleet of Bombardier aircraft,” said Steve Ridolfi, President, Bombardier Business Aircraft. “The Challenger 350 jet’s superior performance, new cabin and best-in-class operating costs will further support VistaJet’s global expansion and mission to offer the ultimate business jet family across the world.”

In late November 2012, VistaJet, the world’s luxury aviation company, announced the largest single transaction in business aviation history: 56 firm orders for Bombardier Global Jets and options for an additional 86 Global aircraft. The transaction was valued at more than $7.8 billion US based on list prices; deliveries will commence in 2014.

About VistaJet

VistaJet owns and operates the largest privately owned Bombardier business aircraft fleet – over 35 aircraft – the majority of which are large cabin, long-range Global and Challenger jets. Renowned for its consistency around the globe and as the only provider to offer an identical cabin design throughout its fleet, VistaJet’s global strategy of connecting its customers to every corner of the world with point-to-point coverage has made it the clear market leader with unparalleled experience flying in to, and out of, the hardest-to-reach destinations. News and information are available at www.vistajet.com.

* Trademarks of Bombardier Inc. or its subsidiaries

** Under certain operating conditions

To view the photo associated with this press release, please visit the following link: http://www.marketwire.com/library/20130618-VistaJet_Challenger_350_800.jpg

VistaJet
Danielle Boudreau
Executive Vice President
Marketing, Branding and Public Relations
+44 (0) 7824144745
danielle.boudreau@vistajet.com

Teneo Strategy
Emma Swift
+44(0) 207 186 8885
emma.swift@teneostrategy.com

Karachi, June 18, 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 June 19, 2013.

U.S. Dollar          98.6710
Japanese Yen          1.0364
Pound Sterling      154.4991
Euro                131.9528

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

Karachi, June 18, 2013 (PPI-OT):

Total Volume (Lots):                                8,640

Traded Value (Rs):                          1,604,873,578

Commodity              Price Quotation                 Open               Close

CRUDE OIL              $ Per Barrel                   98.50               97.60

SILVER                 $ Per Ounce                   21.838              21.712

GOLD                   $ Per Ounce                 1,385.20            1,375.90

GOLD                   Rs Per 10 gms                 44,446              44,122

GOLD                   Rs Per Tola                   53,282              52,948

RICEIRRI6              Rs Per 100 kg                  3,729               3,777

PALMOLEIN              Rs Per Maund                   4,463               4,512

SUGAR                  Rs Per kg                      45.10               46.40

ICOTTON                US Cents per pound             88.04               86.05

WHEAT                  Rs Per 100 kg                  3,277               3,276

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, June 18, 2013 (PPI-OT): Fed’s stimulus anxiety keeps gold traders unsure. The U.S. central bank, which begins a two-day meeting today, currently buys $85 billion a month of Treasury and mortgage debt. Fed Chairman Ben S. Bernanke said last month the pace of monthly purchases could be reduced if the employment outlook shows sustained improvement. Data due today may show U.S. housing starts rose in May, economists said.

A Mongolian company has tapped one of the world’s most closed markets by taking a stake in a North Korean oil refinery, to help Asia’s fastest growing economy ease its energy reliance on Russia and China. HBOil JSC, an oil trading and refining company based in Ulaanbaatar, Mongolia, said it acquired 20 percent of the state-run entity operating North Korea’s Sungri refinery

Palm oil jumped to the highest level in almost three months on speculation that exports from Indonesia and Malaysia, the top producers, may increase ahead of the Muslim fasting month of Ramadan. The contract for September delivery climbed as much as 0.7 percent to 2,480 ringgit ($786) a metric ton on the Bursa Malaysia Derivatives,

Settlement Prices at PMEX were as follows with volumes at Rs. 1.6 billion with 8,640 lots traded:

GOLD: USD 1,375.9 /t oz
SILVER: USD 21.712 /t oz
CRUDE OIL: USD 97.6 / barrel
IRRI-6: Rs. 3,777 /100 kg
Palmolein: Rs. 4,512 / Mound
Sugar: Rs. 46.40/kg
Wheat: Rs. 3,276/100 kg
ICotton: US cents/pound 86.05

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, June 18, 2013 (PPI-OT): Pakistan Industrial and Traders Associations Front (PIAF) has appreciated the Punjab government for presenting a budget that would give much needed boost to the economic activities in the province and help raise its education standards.

While terming the Punjab budget a well tailored plan to bring progress and prosperity, Acting Chairman PIAF Khamis Saeed Butt said that allocation of adequate funds for education, continuity of laptop and Ujlal scheme, establishment of more Danish Schools, internship and scholarship programs and stipend for deserving students shows the vision of Chief Minister Mian Muhammad Shahbaz Sharif.

He said that Prime Minister Mian Muhammad Nawaz Sharif and Chief Minister Punjab Mian Muhammad Shahbaz Sharif have set new examples by cutting of expenditures of Prime Minister Office and Chief Minister House respectively.

The PIAF acting Chairman said that the business community believes that with the allocations in budget, the Chief Minister would unleash an era of development in the other parts of the province.

He said that allocation of over Rs 20 billion for energy project has not only give confidence to the local investors but it would also restore the trust of the foreign investorts for putting their money in new business ventures in Pakistan.

He said that the business community has always supported Chief Minister Mian Shahbaz Sharif because of his business friendly policies and would continue to supplement all his efforts aimed at bringing in progress and prosperity.

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

Islamabad, June 18, 2013 (PPI-OT): The members of FPCCI Standing Committees on Small traders and cottage industries and Public Utilities demanded that budget be implemented after Ramadan. A joint meeting of FPCCI Standing Committees on Small Traders and Cottage Industries and Public Utilities was held under the Chairmanship of Mr. Atiq Mir and Mr.Asghar Morawala respectively at Federation House Karachi.

The participants of the meeting including members of FPCCI standing Committees on Small Traders and Cottage Industry and Public Utilities strongly opposed the budget 2013 and said that this budget will increase inflation and problems for common man. They also proposed reform in tax administration and removal of GST from food items. They strongly emphasized that federal Government use the departments under its control to overcome the deteriorating law and order situation of Karachi. They said that small businessmen are not against fuel adjustment charges but refuse the mechanism of collecting it. They showed serious concern on excessive billing by KESC.

The Participants also proposed that since Karachi is facing severe crises in terms of public utility and law and order therefore Karachi should be exempted from taxes.

The meeting was attended by Senior Vice Chairman and members of FPCCI Standing Committees on Small Traders and Cottage Industry and Public Utilities.

For more information, contact:
Syed Masood Alam Rizvi
Secretary General
Federation of Pakistan Chambers of Commerce and Industry (FPCCI)
B-1, Federation House, Main Clifton Road,
Shahra-e-Firdousi,
Karachi-75600, Pakistan
Tel: 0092-21-35873691, 93-94
Fax: +9221 3587 4332
Email: info@fpcci.com.pk
URL: www.fpcci.com.pk

Karachi, June 18, 2013 (PPI-OT): If the offer of cash awards and expert mentoring at the P@SHA LaunchPad events wowed you, there is JUST ONE MORE perk for a winner or two from Karachi that we need to tell you about.

If the judges think that one or two or all three winning ideas from Karachi are ideas that are likely to become our next tech stars, P@SHA will connect them with Dot-Zero, the new community, co-working space coming up in Karachi next month. Dot-Zero is one of the grantees of the P@SHA Social Innovation Fund and they have agreed to incubate some of the P@SHA winners (who require working space).

Dot-Zero is the brainchild of three tech entrepreneurs – Farzal Dojki, Imran Moinuddin and Atif Azim who were later joined by one of our very successful entrepreneurs Yusuf Jan, of Mixit Inc. fame, as a Board Member and an Angel Investor.

Farzal, a graduate of UT Austin, worked for 3 startups in Pakistan before founding Next Generation Innovations in Karachi. He is also a co-founder of Venture Dive, another local startup.

Atif’s claim to fame amongst other things is that he was the founder of Perfigo, a technology startup in Silicon Valley, which was acquired by Cisco Systems. He went to Imperial College London and Stanford before founding Perfigo.

Imran is also a graduate of Stanford and the founder and CEO of Nex Degree. His organization catalyzes the growth for four socially conscious startups.

So what is Dot-Zero? Briefly, it is a not-for-profit community working space that hopes to be the fertile ground from which innovative tech starts will emerge. It is a space where networking, collaboration and an exchange of ideas will flourish. For more details regarding the project, check out this complete slide deck.

It is an amazing project that still requires some funding so if you have some extra money lying around that you want to contribute, do contact the Dot-Zero team. In the meantime, we are trying to see if we can find some perks for aspiring entrepreneurs from Lahore and Islamabad as well.

For more information, contact:
Secretariat
Pakistan Software Houses Association (P@SHA)
Room 310, 3rd Floor, Business Centre
Block 2, PECHS, Main Shahrah-e-Faisal
Karachi, Pakistan
Tel: +92-21-35418121
Email: secretariat@pasha.org.pk