proft.com.pk Bulls edge out bears, index up 13 points Page 03 Tuesday, 27 March, 2012 ISLAMABAD AMER SIAL T he water shortage in the reservoirs forced the Indus River System Authority (IRSA) on Monday to work out an irrigation plan for the early Kharif season from April 1 to June 10 with an estimated 21 percent instead of the whole season that lasts till September 30. An official source said that the meeting of the technical committee presided over by Chief engineer IRSA, Yasmeen Ihsan, attended by the representatives of provincial governments, Pakistan Metrological Department and Water and Power Development Authority(WAPDA) decided to hold another meeting in early June to decide water releases for the remaining period of Kharif. The source said the decision was unprecedented, as the technical committee makes complete assessment and then decides the provinces share. The meeting estimated the total water availability at 15.2 million acre feet (MAF) for the early Kharif period. he said the recommendations of the committee will be considered by the IRSA Advisory Committee on March 30. Since the committee estimated 21 percent water shortage for early Kharif season, it was decided that top priority of the available water will be given for irrigation purposes to timely sow the important cash crops, like cotton, sugarcane and maize. It was decided that complete share of provinces will be released from reservoirs with no consideration for keep enough storage for hydel power generation. The government wanted to raise the water level in the reservoirs to generate more energy as it was facing financial problems in timely payment of furnace oil supplies to oil companies. The representative of PMD informed the meeting that the temperature was likely to increase in the Northern Areas after April 15 and overall water inflows will start increasing from May end. The committee decided to supply 9 MAF water to Punjab, 5.6 MAF to Sindh, 0.4 MAF to Balochistan and 0.2 MAF to Khyber Pakhtunkhawa (KP) respectively till June 10, 2012. The water shortage will be shared by Punjab and Sindh as Balochistan and KP are exempted. It is important to mention that the experts have been stressing upon the government to increase the water storage by rapidly developing new reservoirs and modernizing the 165 years old canal irrigation system that wastes about 50 MAF of water, which is incompatible with crop water requirements and is obsolete. Former Chairman IRSA engineer Fateh Ullah Khan has asked IRSA to take up developing of new reservoirs with the government as Pakistan needs to new water storage for irrigation and hydropower as well as to control floods and silting of reservoirs. he proposes building of unique 35 MAF multipurpose Katzarah Dam in Skardu to store 6 times the storage of Bhasha Dam. It will help generate 10,000 MW hydropower, control super floods in the Indus River, and work as watershed management dam to prevent silt in the Indus water. he also proposes building of 8.5 MAF multipurpose Guroh Dop Dam on Punjkora River to store 3 MAF of its runoff. It will help divert 4 MAF of floodwater in Guroh Dop Reservoir from Chitral River, through 22 km tunnel by building Mikhani Dam and power generation of 1400 MW. This will control floods in Kabul River. Water availability takes a nosedive ahead of Kharif season g Shortage forces IRSA to give 21 per cent estimate for early Kharif ISLAMABAD APP P AKISTAN Council of Renewable energy Technologies (PCReT) will install 368 Biogas plants in different rural areas by the June 2012 under the project “Development and Promotion of Biogas Technology for meeting domestic fuel needs of rural areas and production of Biocfertilizer”. This project was launched in 2008 through which 2500 family size Biogas plants are to be installed in the country, out of these 2132 plants have been installed and the remaining will be installed by end of financial year 2011- 12. Biogas plant is a device used for converting fermentable organic matter, particularly cattle dung, into a combustible gas (Biogas) and fully matured and enriched organic fertilizer. A typical biogas plant consists of a digester where the anaerobic fermentation takes place, a gasholder for collecting the biogas, the acinput-output units for feeding the influent and storing the effluent respectively, and a gas distribution system. Giving further details, Deputy Director PCReT, Sarfraz Khattak said as per livestock census 2000, there are 46.69 million of animals (Buffaloes, Cows, Bullocks) in Pakistan. In the year 2002-03, the domestic live stock population was estimated at 23.3 million cattle, 24.8 million buffalo, 24.6 million sheep and 52.8 million goats. he said on the average, the daily dung dropping of a medium size animal is estimated at 10 Kg/per day. This would yield a total of 466.9 million Kg dung per day. Assuming 50% collectability, the availability of fresh dung comes to be 233.45 million Kg/ per day. Thus, 11.67 Million M3 biogas per day can be produced through biocmethanation, he maintained. Since 0.4 M3 gas could suffice the cooking needs of a person per day, therefore 11.67 million M3 of biogas could meet the cooking needs of 29.2 million peoples. The total population of Pakistan is about 170 million, out of which 70% reside in the rural areas. “We can meet about 30% cooking requirements of the rural masses from this source of energy (biogas) alone. Besides, producing 33.52 million Kg of biocfertilizer per day or 18.6 million tons of biocfertilizer per year, which is an essential requirement for sustaining the fertility of agricultural lands”, said Sarfraz Khattak. Giving details, Deputy Director PCReT said average family in Pakistan consists upon 5-7 members. As per survey, the consumption of various kind of conventional fuel for cooking purpose includes Wood 27.93 Kg/ day, Animal dung 61.66 Kg/day , Charcoal 8.1 Kg/day,Kerosene oil 3.1 Lt/day, L.P.G 1.5 Kg/day ,electricity 25 KWh/day. Deputy Director PCReT said a family size Biogas plant (5 M3) save annually 10056Kg wood or 22200 Kg animal dung or 2940 Kg charcoal or 1104 lit kerosene oil or 540 kg L.P.G or 9000 Kwh electricity. Sarfraz Khattak said completion of this project will help protection of forests, protection of environment and bio diversity, provision of soot-free fuel to meet domestic energy needs, provision of neat and clean atmosphere, protection from eye- cataracts and respiratory diseases and also provision of Bio-fertilizer, which is direly needed for the improvement andsustenance of fertility of agri lands. World Bank’s moment of ‘generosity’ g Pakistan to get $150m loan ISLAMABAD ONLINE T he World Bank (WB) will provide a credit worth US$150 million as additional financing for the Pakistan Social Safety Net Project aimed at supporting the expansion and strengthening the performance of Pakistan’s safety net system under the Benazir Income Support Program (BISP). The agreement was signed by Dr. Waqar Masood Khan, Secretary, economic Affairs Division on behalf of the Government of Pakistan Rachid Benmessaoud, Country Director, on behalf of the World Bank. Muhammad Sher Khan, Secretary, Benazir Income Support Program (BISP) signed the Project Agreement on behalf of BISP here on Monday. The objective of the project is to support the expansion and strengthen the administration and performance of Pakistan’s safety net with particular focus on the BISP as the national safety net platform. The project consists of the following parts: Under the agreement a National Targeting System would be established and Coverage for the Basic Safety Net System will be expended and Strengthening Safety Net Operations, enhancing the Management, Accountability and evaluation, Developing the Social Protection Policy. “The Government of Pakistan is committed to establish an effective social safety net platform for a well coordinated, effective, and efficient support to the poor families,” said Rachid Benmessaoud, World Bank Country Director for Pakistan. “The project will build on the achievements of BISP in establishing objective targeting system and use of modern technology and third party evaluations for program administration, and will provide avenues to capitalize on this foundation for benefiting the poorest population.” Focusing on results, the project would help finance costs associated with: (i) increasing coverage of basic cash grants to beneficiary families that are identified through the Poverty Scorecard; (ii) introducing co- responsibility cash transfers linked to beneficiaries’ children primary education; and (iii) strengthening operations and management systems within the BISP. The credit is from the International Development Association (IDA), the World Bank’s concessionary lending arm. It carries a 0.75% service charge and 1.25 percent interest rate 5 years of grace period and a maturity of 25 years. PCRET to install 368 biogas plants in rural areas PRO 27-03-2012_Layout 1 3/27/2012 1:26 AM Page 1
Transcript
profit.com.pk
Bulls edge out bears, index up 13 points Page 03
Tuesday, 27 March, 2012
ISLAMABAD
AMER SIAL
T he water shortage in thereservoirs forced the IndusRiver System Authority(IRSA) on Monday to work
out an irrigation plan for the earlyKharif season from April 1 to June 10with an estimated 21 percent insteadof the whole season that lasts tillSeptember 30.An official source said that themeeting of the technical committeepresided over by Chief engineerIRSA, Yasmeen Ihsan, attended bythe representatives of provincialgovernments, Pakistan MetrologicalDepartment and Water and PowerDevelopment Authority(WAPDA)decided to hold another meeting inearly June to decide water releasesfor the remaining period of Kharif.The source said the decision wasunprecedented, as the technical
committee makes completeassessment and then decides theprovinces share. The meetingestimated the total water availabilityat 15.2 million acre feet (MAF) forthe early Kharif period. he said therecommendations of the committeewill be considered by the IRSAAdvisory Committee on March 30.Since the committee estimated 21percent water shortage for earlyKharif season, it was decided thattop priority of the available waterwill be given for irrigation purposesto timely sow the important cashcrops, like cotton, sugarcane andmaize. It was decided that completeshare of provinces will be releasedfrom reservoirs with noconsideration for keep enoughstorage for hydel power generation.The government wanted to raise thewater level in the reservoirs togenerate more energy as it wasfacing financial problems in timely
payment of furnace oil supplies tooil companies. The representative of PMD informedthe meeting that the temperaturewas likely to increase in the NorthernAreas after April 15 and overall waterinflows will start increasing fromMay end. The committee decided tosupply 9 MAF water to Punjab, 5.6MAF to Sindh, 0.4 MAF toBalochistan and 0.2 MAF to KhyberPakhtunkhawa (KP) respectively tillJune 10, 2012. The water shortagewill be shared by Punjab and Sindhas Balochistan and KP are exempted.It is important to mention that theexperts have been stressing upon thegovernment to increase the waterstorage by rapidly developing newreservoirs and modernizing the 165years old canal irrigation system thatwastes about 50 MAF of water, whichis incompatible with crop waterrequirements and is obsolete.Former Chairman IRSA engineer
Fateh Ullah Khan has asked IRSAto take up developing of newreservoirs with the government asPakistan needs to new waterstorage for irrigation andhydropower as well as to controlfloods and silting of reservoirs. heproposes building of unique 35MAF multipurpose Katzarah Damin Skardu to store 6 times thestorage of Bhasha Dam. It will helpgenerate 10,000 MW hydropower,control super floods in the IndusRiver, and work as watershedmanagement dam to prevent silt inthe Indus water. he also proposesbuilding of 8.5 MAF multipurposeGuroh Dop Dam on Punjkora Riverto store 3 MAF of its runoff. It willhelp divert 4 MAF of floodwater inGuroh Dop Reservoir from ChitralRiver, through 22 km tunnel bybuilding Mikhani Dam and powergeneration of 1400 MW. This willcontrol floods in Kabul River.
Water availability takes a nosedive ahead of Kharif seasong Shortage forces IRSA to give 21 per cent estimate for early Kharif
ISLAMABAD
APP
PAKISTAN Council ofRenewable energyTechnologies (PCReT) willinstall 368 Biogas plants in
different rural areas by the June 2012under the project “Development andPromotion of Biogas Technology formeeting domestic fuel needs of ruralareas and production of Biocfertilizer”. This project was launched in 2008through which 2500 family size Biogasplants are to be installed in the country,out of these 2132 plants have beeninstalled and the remaining will beinstalled by end of financial year 2011-
12. Biogas plant is a device used forconverting fermentable organic matter,particularly cattle dung, into acombustible gas (Biogas) and fullymatured and enriched organic fertilizer. A typical biogas plant consists of adigester where the anaerobicfermentation takes place, a gasholder forcollecting the biogas, the acinput-outputunits for feeding the influent and storingthe effluent respectively, and a gasdistribution system.Giving further details, Deputy DirectorPCReT, Sarfraz Khattak said as perlivestock census 2000, there are 46.69million of animals (Buffaloes, Cows,Bullocks) in Pakistan. In the year 2002-03, the domestic live
stock population was estimated at 23.3million cattle, 24.8 million buffalo, 24.6million sheep and 52.8 million goats.he said on the average, the daily dungdropping of a medium size animal isestimated at 10 Kg/per day. This wouldyield a total of 466.9 million Kg dung perday. Assuming 50% collectability, theavailability of fresh dung comes to be233.45 million Kg/ per day. Thus, 11.67Million M3 biogas per day can beproduced through biocmethanation, hemaintained.Since 0.4 M3 gas could suffice thecooking needs of a person per day,therefore 11.67 million M3 of biogascould meet the cooking needs of 29.2million peoples. The total population of
Pakistan is about 170 million, out ofwhich 70% reside in the rural areas.“We can meet about 30% cookingrequirements of the rural masses fromthis source of energy (biogas) alone. Besides, producing 33.52 million Kg ofbiocfertilizer per day or 18.6 million tonsof biocfertilizer per year, which is anessential requirement for sustaining thefertility of agricultural lands”, saidSarfraz Khattak.Giving details, Deputy Director PCReTsaid average family in Pakistan consistsupon 5-7 members. As per survey, theconsumption of various kind ofconventional fuel for cooking purposeincludes Wood 27.93 Kg/ day, Animaldung 61.66 Kg/day , Charcoal 8.1
Kg/day,Kerosene oil 3.1 Lt/day, L.P.G1.5 Kg/day ,electricity 25 KWh/day. Deputy Director PCReT said a familysize Biogas plant (5 M3) save annually10056Kg wood or 22200 Kg animaldung or 2940 Kg charcoal or 1104 litkerosene oil or 540 kg L.P.G or 9000Kwh electricity. Sarfraz Khattak saidcompletion of this project will helpprotection of forests, protection ofenvironment and bio diversity, provisionof soot-free fuel to meet domestic energyneeds, provision of neat and cleanatmosphere, protection from eye-cataracts and respiratory diseases andalso provision of Bio-fertilizer, which isdirely needed for the improvementandsustenance of fertility of agri lands.
World Bank’s momentof ‘generosity’ g Pakistan to get $150m loan
ISLAMABAD
ONLINE
The World Bank (WB) willprovide a credit worth US$150million as additional financing
for the Pakistan Social Safety NetProject aimed at supporting theexpansion and strengthening theperformance of Pakistan’s safety netsystem under the Benazir IncomeSupport Program (BISP). Theagreement was signed by Dr. WaqarMasood Khan, Secretary, economicAffairs Division on behalf of theGovernment of Pakistan RachidBenmessaoud, Country Director, onbehalf of the World Bank. MuhammadSher Khan, Secretary, Benazir IncomeSupport Program (BISP) signed theProject Agreement on behalf of BISPhere on Monday. The objective of theproject is to support the expansion andstrengthen the administration andperformance of Pakistan’s safety netwith particular focus on the BISP as thenational safety net platform. The projectconsists of the following parts: Underthe agreement a National TargetingSystem would be established andCoverage for the Basic Safety NetSystem will be expended andStrengthening Safety Net Operations,enhancing the Management,Accountability and evaluation,Developing the Social Protection Policy.“The Government of Pakistan iscommitted to establish an effective socialsafety net platform for a well coordinated,effective, and efficient support to the poorfamilies,” said Rachid Benmessaoud,World Bank Country Director forPakistan. “The project will build on theachievements of BISP in establishingobjective targeting system and use ofmodern technology and third partyevaluations for program administration,and will provide avenues to capitalize onthis foundation for benefiting the poorestpopulation.” Focusing on results, theproject would help finance costsassociated with: (i) increasing coverage ofbasic cash grants to beneficiary familiesthat are identified through the PovertyScorecard; (ii) introducing co-responsibility cash transfers linked tobeneficiaries’ children primary education;and (iii) strengthening operations andmanagement systems within the BISP.The credit is from the InternationalDevelopment Association (IDA), theWorld Bank’s concessionary lending arm.It carries a 0.75% service charge and 1.25percent interest rate 5 years of graceperiod and a maturity of 25 years.
PCRET to install 368 biogas plants in rural areas
PRO 27-03-2012_Layout 1 3/27/2012 1:26 AM Page 1
news02Tuesday, 27 March, 2012
KARACHI
STAFF REPORT
DGKCC, one of the largestcement-manufacturers inPakistan, has successfullydeployed the, a flexible,
scalable and reliable global businessplatform to help improve itsoperational efficiency, enabling it toautomate its management and financialaccounting system, reducing the time itneeded to compile monthly operatingresults from 15 days to just three days.“The unique and competitive value thatOracle has provided us in shape ofsmooth and integrated Procure-to-payand Order-to-Cash business flows hasfacilitated us to get various types of real
time information rapidly rather online,which saves a lot of time and money,”said Muhammad Aslam, ChiefInformation Officer, DG Khan CementCo. Ltd. “Integrated informationprovided by the Oracle e-BusinessSuite Release 12 helps us to makebetter decisions about purchasing andinventory to run business efficiently.”“Oracle e-Business Suite has a strongfootprint in the manufacturing industryand we are delighted that DGKCC hasleveraged the most comprehensivesuite of integrated, global businessapplications to further improve theiroperational efficiency and transform itsbusiness with the support of ourpartners.” said Akkasha Sultan Shaikh,Country Manager, Applications
Business, Oracle Pakistan and SouthAsia Growth economies – West. “Thebusiness benefits being enjoyed byDGKCC is a good example for other keyplayers not only in cement industry butalso in other manufacturing industriesto follow.” Prior to the deployment ofthe Oracle e-Business Suite Release 12,the company was using standalonelegacy systems for financials, payroll,inventory and sales which were neitherautomated nor integrated. As a result,reports were being prepared manuallyat the end of month using manualvouchers. With the help of , DGKCC hasnow been able to generate daily cementproduction and power generationreports automatically at midnight asthe system consolidates the production
data, dispatches and inventorybalances.This enabled DGKCC to increase itsefficiency of purchasing activities byhelping to enable the company toprocess more than twice the purchaserequests in the same amount of time ascompared to its legacy system.Implemented in house by the DGKCCeRP team, and are assisting theorganization in generating variousmanagement reports efficiently inminimum time and gain more insightand greater value from a range of datasources and applications. Some of thesereports have been put online and arebeing updated automatically afterpredetermined intervals. DGKCC hasalso implemented , , and which assist
the management in quick and informeddecision-making.AF Ferguson & Company, Platinummember of was chosen to complete theproject by DGKCC.Oracle has been operating in Pakistansince 1997. Oracle helps Pakistanibusinesses, government departments,non-government organizations andeducation institutions through its localpartners, to adopt integratedinformation technology infrastructuresto achieve higher work efficiencies.Oracle has more than 1100 customersin Pakistan, spanning top organizationsin the public and private sector. Someof Pakistan’s best organizations runtheir businesses on Oracle basedsolutions.
DGKCC sermons Oracle E-Business suite release 12
REUTERS
MAJOR stock indexeswere up more than 1percent in late morningtrade with broad gains
across sectors. The U.S. economyneeds to grow more quickly if it is toproduce enough jobs to bring downthe unemployment rate further,Bernanke told a gathering of theNational Association for Businesseconomics.“Further significant improvements inthe unemployment rate will likelyrequire a more rapid expansion ofproduction and demand fromconsumers and businesses, a processthat can be supported by continuedaccommodative policies,” he said.Jim Russell, chief equity strategist atU.S. Bank Wealth Management inCincinnati, said Bernanke’scomments reinforced investors’perception that the Fed’s policywould remain accommodative andpossibly include further quantitativeeasing, or Qe3.
“The mandate of the Fed regardingunemployment has not been fulfilled,and Bernanke is looking under everyrock to responsibly fulfill that portionof the mandate,” Russell said. “hecontinues to leave Qe3 on the table,which will be used on a as-neededbasis.”The Jones industrial average was up134.15 points, or 1.03 percent, at13,214.88. The Standard & Poor’s 500Index was up 14.18 points, or 1.01percent, at 1,411.29. The NasdaqComposite Index was up 35.56points, or 1.16 percent, at 3,103.48.The benchmark S&P index fell 0.5percent last week, a relatively minordecline that was still the biggestweekly slide since the final week ofDecember.Improving sentiment about the paceof economic growth has keptinvestors piling into equities. TheS&P 500 is near its highest pointsince May 2008, and the has risenfor six straight weeks.U.S. pending home sales slid 0.5percent in February, according to the
National Association of Realtors,confounding expectations for a rise of1 percent. equities were littleimpacted by the data, thoughhomebuilder D.R. horton Inc fell 0.6percent to $15.33.Lions Gate entertainment Corprallied 3.3 percent to $15 after thestrong opening to its film “Thehunger Games,” which made $214million over the weekend globally.Cal-Maine Foods Inc reported third-quarter that fell from the prior yearon rising feed costs, which thecompany sees persisting through thesummer. Shares fell 4 percent to$40.27. BATS Global Markets Inc onSunday apologized for a systemfailure that caused shares in its owninitial public offering to erroneouslytrade for less than a penny on Fridayand resulted in Apple Inc’s sharesbeing temporarily halted. BATSChief executive Joe Rattermancalled the incident a “devastatingmoment,” and said the company’swithdrawn IPO was on hold “for theforeseeable future.
Wall Street rallies afterBernanke comments
g Move to improve operational efficiency and transform business g Oracle has more than 1100 customers in Pakistan
BBC
hATC, a subsidiary of hondaMotor, is the last of the Japan-ese automobile companies to
resume production in Thailand afterthe floods. Toyota Motor and NissanMotor resumed production at the endof 2011. The floods forced hundreds ofJapanese companies to shut opera-tions, adversely affecting their earningsexpectations.
earlier this year, honda reviseddown its operating income forecast forthe year ending on 31 March to 200bnyen ($2.4bn, £1.5bn) from a previousforecast of 270bn yen.
The honda factory in Ayutthayahas the capacity to produce 240,000units annually.Limited production: A hondaMotor spokeswoman said full produc-tion would resume at the hATC unit bythe second week of April. Currently
production is at about 12% of capacity.hATC was the only car maker whosefactory was completely flooded. hondaMotor said hATC is one of its most im-portant production centres in the Asiaand Oceania regions.
“honda was totally committed torealising the earliest possible recovery.honda will maintain the same position-ing of hATC in the future and furtherpromote business operations in Thai-land,” the company said.
Honda’s automobile unit resumes operations in Thailand
g Stocks rose on Monday,rebounding from lastweek’s decline, afterFederal ReserveChairman BenBernanke suggestedthe central bank wouldcontinue supportivemonetary policies, evenas the unemploymentrate improves
LAHORE
STAFF REPORT
PAKISTAN Flour Mills Association(PFMA) North Zone has asked thefederal government to immediately
withdraw Fuel Adjustment Surchargefrom electricity bills of the flour millingindustry, otherwise millers would becompelled to jack up flour prices.Addressing a press conference here onMonday, PFMA Chairman Abdul JabbarChaudhry indicated that if thegovernment did not paid heed to flourmillers’ concern prices of 20-kilogramwheat flour bag could jump up to Rs625.he demanded the government not only towithdraw Fuel Adjustment Surcharge butalso the General Sales Tax (GST) fromflour milling industry as it was producingbasic food product for masses.he warned the government that PFMAwould call its executive committeemeeting on April 5, in which flour millers
would decide future course of action andthe option to call on strike was also underconsideration.PFMA former chairman Asim RazaAhmad said that the government shouldprovide relief to flour milling industry toensure easy availability of wheat flour. hesaid the government had increased wheatsupport price which would ultimatelyreflect on flour prices and imposition offuel adjustment surcharge of flour millingindustry would further swell the prices.The schedule of demanding relief from thegovernment is very interesting as the newcrop is about to hit markets in the nextcouple of weeks. The government hadalready increase wheat support price byRs100 that is Rs1,050 per maund andindustry experts had indicated that wheatflour price would swell by Rs100 per 20-kilogram bag once the grinding of newcrop would start. Flour millers had startedpaving the way to increase flour prices bypressing the government.
Parvez Elahivies to woo the farmers
LAHORE
STAFF REPORT
Adelegation of All Pakistan AgriculturalIndustry called on Pakistan Muslim LeagueSenior Central leader and Federal Minister for
Industries and Defence Production Ch Parvez elahi athis residence here today and apprised him about theproblems being faced by the industry.Delegation was led by Chairman Foundry OwnersGroup Seth Iftikhar Ahmed and it included AttaMuhammad, Mohammad Sajid, Musawir Saeed,Ameer hussain Seth, Shahnaz Kalsoom and NasreenBokhari.PML Punjab General Secretary and Parliamentaryleader in the Punjab Assembly Ch. Zaheeruddin Khanwas also present.Seth Iftikhar Ahmed said that imposition of 16 percent sales tax by the Federal Govt. on agriculturalimplements is very adversely affecting more than fivelac families. he said that closure of agriculturalimplements producing units will badly affectagriculture sector. Ch. Parvez elahi informed thedelegation that 16 percent sales tax on tractormanufacturing industry has been reduced to 5 percent only. The Senior Federal Minister assured thedelegation that their problems and grievances anddemand for reduction in sales tax will be looked intosympathetically and sincere efforts will be made toresolve them. Ch. Parvez elahi said that our mission isto make farmers prosperous and we will not allowfamilies associated with the agricultural industry to berendered unemployed.
Going, going,gone…g Pakistani rupee
hits record lowagainst US dollar
ISLAMABAD
ONLINE
PAKISTANI rupee hita record low as it wastraded at 91.35 to the
dollar in the open marketon Monday.Pakistan Rupees rate was ina continue declining trendagainst US Dollar and othermajor currencies of theworld since the year 2012started.Most of the analysts werepointing out that the raiseof exchange rate onaccount of oil transactions,when ever Pak rupee forexrate loose its strengthagainst US Dollar rate, Theother currencies also getimpact with a view of thecurrency rates in Pakistanfrom the beginning of Jan,2012.As per Inter Bank currencyrates on Jan 3, the sellingrate of Pak Rupee rateagainst US $ was Rs. 89.8while the buying ratetouched Rs. 89.6. SimilarlyRs.116.52 selling andRs.116.26 against euroexchanges rate.
Samsung inaugurates Concept Shop in KarachiLAHore: Samsung electronics, a market leaderand award-winning innovator in consumer electron-ics, and telecommunications, is expanding its networkof ‘Samsung Concept Shops’ in numerous cities acrossPakistan. A special inauguration ceremony was heldon 26th March, 2012, at the new Concept Shop estab-lished on the Gulshan-e-Iqbal, Karachi. Samsung’shead of TV/AV division, Mr. hae Duck Lee attendedthe ceremony as the Chief Guest and addressed thegathering. Mr. Lee said; “The Samsung Concept Shopis a model of the Samsung Retail Brand, from whereall retailers can learn and emulate for a consistentbranding approach. Samsung is committed to providethe Pakistani consumers with the best retail consumerexperience.” PRESS RELEASE
JS Bank, JS Investments join hands forDistribution Partnership
KArAcHi: JS Bank has joined hands with JS Invest-ments for a dedicated Distribution Partnership whereJS Investments’ mutual funds will be available at se-lected branches of JS Bank across the country. Thisarrangement will provide ease and convenience for theclients who want to invest in JS Investments MutualFunds and Pension Funds. The Distribution Agree-ment between the two companies was signed by Mr.Kalim-ur-Rahman, the President and CeO of JS Bankand Mr. Rashid Mansur, CeO, JS Investments. Mem-bers of the senior management of both organizationswere also present at the occasion. PRESS RELEASE
Habib Metropolitan Bank refreshes its brand identityKArAcHi: habib Metropolitan Bank Limited, a sub-sidiary of habib Bank AG Zurich, is launching it’s re-freshed brand identity. The refreshed brand identity ismade most prominent with its new, retail-friendlynomenclature, habibMetro – an abbreviation of thebank’s legal name with the term of reference most often
cited by its customers and replacing the acronym, ‘hMB’.habibMetro now becomes the bank’s name-graphic to-gether with the lion that is making its presence felt acrossall signage which has been rendered in the bank’s signa-ture green colour. PRESS RELEASE
PTCL stands on the frontlines of socialservice: Syed Mazhar HussainiSLAmABAd: Pakistan Telecommunication Com-pany (PTCL) Senior executive Vice President humanResource, Syed Mazhar hussain has said that his or-ganization is fully committed to play its role as a respon-sible corporate entity for the betterment of society. “Asa socially responsible corporate entity, PTCL has alwaysendeavored to stand on the frontlines of social servicefor the people of Pakistan, whether they are vulnerablegroups or affectees of natural disasters,” said Mr. hus-sain on the occasion of the Annual Sports Gala cele-brated by the children of Pakistan Sweet homes tomark Pakistan Day on March 23 rd. PRESS RELEASE
NFEH announces CSR Business Excellence Award 2012LAHore: National Forum for environment &health (NFeh) announced results of 4th Interna-tional Summit on CSR 2012 for best performance of2011-12. This was announced by President NFehMuhammad Naeem Qureshi during the final meetingof jury held at a local hotel. M. Naeem Qureshi saidthe award has been instituted to recognize and pro-mote the organizations which make an outstandingcontribution for sustainable future through CSR Ini-tiative. The objective of award is to recognize compa-nies and organizations and media for their valuablesupport for social development. In this year over 87companies and organization has submitted theirnominations. STAFF REPORT
International Conference on BusinessManagement (ICoBM) to be held at UMTLAHore: The University of Management andTechnology (UMT), Lahore, is organizing the 2ndInternational Conference on Business Management(ICoBM) at its campus on March 28-29, 2012 in as-sociation with the Institute of Administrative Sci-ences (IAS), Punjab University, Lahore, Institute ofBusiness Administration (IBA), Sukkur, Universityof Veterinary and Animal Sciences (UVAS), Associ-ation of Management Development Institutions inPakistan (AMDIP), higher education Commission(heC) of Pakistan, and The News International. Thetheme of the conference is =93Business, Society, Sci-ence and Technology. PRESS RELEASE
LSE’s Campus Outreach Program forpromoting financial literacy LAHore: Lahore Stock exchange held its CampusOutreach Program for the students of BBA here at theNational College of Business Administration whereLSe’s officials interacted with the students. “CampusOutreach Program” under the broader Financial Liter-acy Initiative has been launched by the LSe in collabo-ration with South Asian Federation of exchange(SAFe). The overall objective of the FLI - Campus Out-reach Program is to prepare today’s youth for better un-derstanding of the economic/financial affairs affectingthem. The LSe under this initiative will be conductingon-campus educational sessions, followed by practicalexposure of students to the financial products/servicesthrough visits/interactions with financial institutionsand encouraging participation in the financial systemthrough games and internship program. PRESS RELEASE
Dr Hilal Hussain Al-Tuwairqi, winsworld finance ‘man of the year’ awardKArAcHi: Dr. hilal hussain Al-Tuwairqi, Chairman,Al-Tuwairqi holding has been named World Finance’s‘Man of the Year 2011’ recently. The prestigious awardhas been given to Dr. hilal in recognition of his out-standing entrepreneurial skills and a track record of de-veloping profitable business ventures. ATh has alsobeen judged as the best company of 2011, in the eco-nomic block of Gulf Cooperation Council (GCC). he hasover 33 years of experience in strategic planning, ad-ministration and business management of various com-panies, who now with this award joins a prestigious clubwhich includes members like FORD CeO, Alan Mullalywho received the award in 2010. Dr. hilal Al-Tuwairqiis also currently the elected Chairman to the Arab Ironand Steel Union (AISU). STAFF REPORT
Pakistan Council for Science and Technology announces finalists for Research Productivity Award iSLAmABAd: PCST is pleased to announce that theyearly exercise of evaluating research productivity ofscientists/engineers according to the internationallyaccepted criteria of Impact Factor and Citation Indexfor Research Productivity Award 2011-2012 has beencompleted. This year 812 scientists/engineers are de-clared eligible and are placed into seven categories (A-G) based on their final calculated scores. Dr. Tassawarhayat, Associate Professor, Mathematics Depart-ment, Quaid-i-Azam University , Islamabad toppedamongst the productive scientists with the final scoreof 455.72. Dr. Muhammad Sajid, Senior Scientist,
PINSTeCh, Islamabad is ranked second with finalscore of 217.81 while Dr. Muhammad Ashraf, Dean,University of Agriculture, Faisalabad is ranked thirdwith final score of 159.915 respectively. PCST extendsheartiest felicitations to all the eligible scientists/en-gineers for their achievements and best wishes intheir future endeavors. PRESS RELEASE
A smart way to save energy KArAcHi: With the use of smart grid technology, electricity can be saved as the country faces acuteenergy crises. This was said by the speakers duringtwo days seminar, organized by Siemens Pakistanon the topic of ‘Smart Grid Systems and Solutionsto optimize transmission & distribution networksin Pakistan”. The seminar was attended by MDPePCO/NTDC Rasul Khan Mahsud, CeO LeSCOSharafat Ali Sial, CeO IeSCO Javed Pervaiz, Gen-eral Managers, Chief engineers and officials fromNTDC and Distribution companies in Pakistan.Aqeel Ahmed Vice President Smart Grid SiemensPakistan shared IeA (International energyAgency) report that relates the use of electricitywith the economic indicator. he informed the au-dience that the developing countries have a In-creasing demand of electricity but at the same timethey also waste a significant amount of its gener-ated electricity in the process of transmission, dis-tribution and inefficient consumption. Thiswastage can be avoided using the available SmartGrid technologies and can be useful to bridge thegap between demand and supply. he said thatSiemens apart from supplying Smart Grid systemsand solutions has also developed a phase wise con-sultancy program to transform the existing powergrids to smart grids. ONLINE
ISLAMABAD: President Asif Ali Zardari Awarding Hilal-e-Imtiaz to Chairperson Benazir Income SupportProgramme (BISP), Farzana Raja in recognition of heruntiring and relentless services to the poor of Pakistanthrough BISP. PRESS RELEASE
Interbank RatesUS Dollar 90.8001UK Pound 143.7184Japanese Yen 1.0969Euro 120.0378
Dollar EastBuy Sell
US Dollar 90.80 91.30Euro 120.07 121.61Great Britain Pound 143.58 145.38Japanese Yen 1.0834 1.0968Canadian Dollar 90.54 92.20Hong Kong Dollar 11.51 11.72UAE Dirham 24.58 24.86Saudi Riyal 24.06 24.35Australian Dollar 94.53 97.16
KARACHI
STAFF REPORT
The Karachi stockmarket closed on apositive note on thefirst trading day of the
week Monday. The KSe100index trading below the 9DMAof 13,286pts, closing above thisindicates further upside movestowards 13,500pts, said AbdulAzeem an analyst at InvestCap.The Karachi Stock exchange100-share index gained 13.44points or 0.10 percent to close at13,286.73 points as compared to13,273.29 points of the previoussession. The KSe 30-share index
was down by 13.00 points toclose at 11,586.91 points ascompared with 11,581.91 points.he added that Pakistan stocksclosed higher amid investorinterest in second and third tierstocks. The market turnoverwent up by 14.33 percent andtraded 278.010 million sharesafter opening at 225.97 millionshares. The overallmarketcapitalization rose 0.69percent and traded Rs 3.410trillion as against Rs 3.402trillion. Gainers beat losers 190to 119, while 55 stocks wereunchanged.According to Azeem, “Indexremained in narrow range amid
high volatility on rising politicalnoise ahead of Supreme Courtdecisions pending in memogateand PM contempt cases.Investors awaited outcome ofdiscussions on foreign policy,”The KMI 30-share was down4.58 points to close at 22,660.05points from its opening at22,664.24 points. The KSe all-share index closed with a gain of22.55 points to 9,319.95 pointsas against 9,297.40 points.Azeem stated thatInstitutionalinterest in bluechip oil, cementsand banking stocks on strongvaluations played a catalyst rolein positive sentiments at KSe.Azgard Nine was volume leader
of the day, 30.895 million sharesand gained Rs 1 to close at Rs7.87, followed by, TRG PakistanLimited and engro Polymer andWorldCall Telecom withturnover of 24.506 million,18.840 million and 17.754million shares respectively.he said that NATO suppliesresumption and Pak-USrelations ahead of reformed CGTregime implementation fromApril 1. The Wyeth PakistanLimited XD and Service Ind XD,up Rs 26.80 and Rs 9.14, ledhighest price gainers while,Indus Dyeing and Fazal Textile,down Rs 13.63 and Rs 12.00respectively, led the losers.
