ABL Asset Management Limited – Daily Fund Prices in Pakistani Rupees as of Oct 25, 2012

Karachi, Oct 25, 2012 (PPI-OT):

Date Offer Redemption
ABL Income Fund (ABL-IF)

Oct 25, 2012

10.1367

10.1367

ABL Stock Fund (ABL-SF)

Oct 25, 2012

11.7611

11.4185

ABL Islamic Income Fund (ABL-IIF)

Oct 25, 2012

10.1295

10.1295

ABL Government Securities Fund (ABL-GSF A)

Oct 25, 2012

10.0158

10.0158

ABL Government Securities Fund (ABL-GSF B)

Oct 25, 2012

10.0153

10.0153

ABL AMC CPF

Oct 25, 2012

10.5038

ABL Cash Fund (ABL-CF)

Oct 30, 2012

10.0178

10.0178

For more information, contact:
ABL Asset Management Limited
11-B, Lalazar, M.T Khan Road,
Karachi
UAN: +9221 111 225 262
Fax: +9221 9920 7409, +9221 9920 7407
Email: contactus@ablamc.com
Web: www.ablamc.com

Islamabad Stock Exchange Market Statistics Report Thursday October 25, 2012

Islamabad, October 25, 2012 (PPI-OT):

MARKET TREND: Bearish
COMPANIES TRADED: TOTAL PLUS MINUS EQUAL

133

50

-83

0

INDEX POSITION: INDEX Opening Closing Change

ISE-10 Index:

3121.21

3097.53

(23.68)

TOTAL VOLUME: Previous Current Change

39,000

2,500

(36,500)

VOLUME LEADERS:
Company VOLUME of Shares
Silk Bank

2,500

P.T.C.L

500

Top Gainer National Foods Rs. 334.05 with an increase of Rs. + 9.27.

Top Loser Siemens Pakistan Engineering at Rs. 713.00 with a decrease of  Rs. -37.00.

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

Sindh Governor orders stern action against Parchi mafia

Karachi, October 25, 2012 (PPI-OT): Taking serious notice of reports regarding extortion in Karachi, Sindh Governor Dr Ishrat Ul Ebad Khan on Thursday ordered stern action against the “Parchi mafia”.

Presiding over a high-level meeting at the Governor’s House here, he said that “the curse of Parchi” would not be tolerated in Karachi.

He directed that visible action should be taken against criminals without any fear or favour, so that the citizens should feel a sense of security in society. “A society where the public feels insecure becomes a symbol of fear and terrorism.”

He said that the prosecution department should be further strengthened to ensure that criminals get punishments as per the law. He told the commissioner to remain in contact with traders and use all available resources to address their grievances and concerns.

Dr Ebad said that the law-enforcement agencies (LEAs) had to restore the confidence of the citizens in the system.

The recent arrests of criminals in Karachi showed that the police and LEAs were improving their performance, the governor said, adding that the policemen showing courage and performance should be rewarded and encouraged. He said that complaints of citizens regarding street crimes and other offences should be promptly addressed.

The governor ordered foolproof security measures to prevent any untoward incident during the Eid holidays. He directed that an additional police force be deployed at mosques, Imambargahs and Eidgahs.

Inspector General of Police (IGP) Sndh Fayyaz Laghari, Commissioner Karachi Hashim Raza Zaidi, Additional IG Karachi Muhammad Iqbal, and CPLC chief Ahmed Chinoy also attended the meeting.

For more information, contact:
Sindh Governor House
Syed Wajahat Ali
Press Secretary to Governor
Tel: 99201217, 99201201-3
Email: press_secretary@governorsindh.gov.pk

Clarification by National Accountability Bureau about a news item with caption “Railways Ministry says no clean chit given to Minister

Islamabad, October 25, 2012 (PPI-OT): This is with reference to the news item published in The News on October 21, 2012 with caption “Railways Ministry says no clean chit given to the Minister”. NAB has forwarded a clarification regarding Railways case but unfortunately, the concerned authorities in “The News” published the same under the caption, mentioned above.

Kindly note the mistake and republish the required clarification with correction. It is further pointed out that the same clarification was published in “The News” Karachi Edition dated 20 October 2012 with the same caption.

NAB never doubts the credibility of any reporter but if it has been done intentionally, the question would arise, what type of message “The News” wants to convey?

For more information, contact:
National Accountability Bureau (NAB)
ATTATURK AVENUE G-5/2, Islamabad
Tel: 051-111-NAB-NAB (111-622-622)
Fax: 051-9214502-03
Email: chairman@nab.gov.pk, infonab@nab.gov.pk

Minister reiterates that National Food Security and Research ministry to provide food security to people

Islamabad, October 25, 2012 (PPI-OT): Federal Minister For National Food Security and Research (Mir Israr Ullah Zehri) has reiterated that ministry is trying ever best to provide food security to people of Pakistan. Earnest efforts are being made and his ministry has presented a ‘National Zero Hunger Programme’.

He told that entire world is facing a problem regarding food security due to changing patterns of climate. Adding to it he talked about his close co ordination with Climate Change Ministry to keep him abreast about the changing climate so that ministry could formulate further plans.

Federal Minister added that the government has taken measures to improve food security by revitalizing agriculture production and by providing incentives to the farming community.

The above-mentioned step of government has been proved fruitful and for the year 2011-12, the wheat crop is estimated at 23.52 million tons. He further added that the country is left with 1.80 million tons surplus. Thus the country is quite comfortable in wheat supply during the current year and providing food security.

Federal Minister has assured that Government is trying its best to provide Food security. Ministry is working day in and day out to make food available to people.

For more information, contact:
Haji Ahmed Malik
Principal Information Officer
Press Information Department (PID)
Tel: +9251 925 2323 and +9251 925 2324
Fax: +9251 925 2325 and +9251 925 2326
Email: piopid@gmail.com

Pakistan State Oil reviews financial performance in the first quarter of Fiscal Year 2013

Karachi, October 25, 2012 (PPI-OT): The Board of Management (BoM) of Pakistan State Oil (PSO) convened on Thursday at PSO House to review the company’s performance for the first quarter of Fiscal Year 2013 (1QFY13).

During the period under review, the Company’s revenues touched Rs 325 billion as compared to Rs 279 billion in the corresponding period last year, representing a growth of 16%. The Company has registered profit after tax of Rs. 4.2 billion as compared to Rs.2.5 billion during the same period last year.

Industry’s volumes for Black Oil increased by 1%, whereas, White Oil grew by 3% reflecting an increase in PMG and HSD consumption of 9% and 1% respectively. In the period under review, PSO enhanced its domination of the market with its share in both the Black Oil and White Oil segments improving to 80% and 57.4% respectively. This resulted in PSO achieving an overall market share of 68.1% as compared to 64.3% during corresponding period last year.

In the period under review, PSO strove to secure the country’s energy supply chain by signing an MoU with Pakistan National Shipping Corporation (PNSC) for the transport of Furnace Oil (FO) from foreign ports to Pakistan’s shores. Additionally, the company enhanced its focus on customer interaction through the inauguration of “Biker’s Lane”, a priority service lane for motorcycle users at Karachi.

PSO also improved product delivery satisfaction amongst its customers through the inauguration of new and smaller Mobile Quality Testing Unit (MQTU) vans which will provide quality control measures at retail outlets across the region. Furthermore, during 1QFY13, the nation’s largest public sector company continued living up to its role as a responsible public sector organization by supporting multiple NGO’s in the field of education, health and community development under its Corporate Social Responsibility program.

The Board, while appreciating the efforts of the Company’s management on behalf of the shareholders, expressed continuing concern on the ever rising balance of receivables, including price differential claims, which stood at Rs 176 billion as at September 30, 2012.

They observed that the financial costs associated with servicing this debt coupled with consistent non-payment from the power sector continued to hurt the overall profitability of the company and directed efforts to be made to reduce the impact of the burdening financial costs through constant pursuit for recovery of receivables from the power sector entities as well as from the Government of Pakistan.

For more information, contact:
Naimatullah Behan
DGM – Public Relations
Pakistan State Oil (PSO)
PSO House, Khayaban-e-Iqbal, Clifton,
Karachi 75600, Pakistan
UAN: 111 111 PSO (776) Ext: 230

Defence Officers Housing Authority augmenting efforts of Police in maintaining secure and peaceful environment in Defence Housing Authority

Karachi, October 25, 2012 (PPI-OT): DHA Vigilance Deptt in addition to its own stipulated responsibilities also augment the efforts of Police in maintaining secure and peaceful environment in DHA. DHA mobile vans patrol different areas in DHA round the clock and on getting information of any untoward incident in the area swiftly reach the scene to thwart the crime.

In this regard DHA Area Mobile recently got an information that four armed dacoits had entered House No. 132/II, 15th Street, Kh-e-Bukhari, Phase-VI in DHA. The ever ready area mobile of DHA Vigilance rushed to the scene within no time for the help of the hapless resident.

The dacoits on seeing DHA Vigilance on the spot started fleeing from the house however DHA Vigilance apprehended one of them while three of the dacoits managed to run away. The dacoits looted four cell phones and a cash of Rs 118,000 from the owner of the house on gunpoint. A pistol, a knife and a motor cycle (KEL-5349) was recovered from the apprehended dacoit. The arrested culprit was later handed over to Darakshan Police along-with the recovered items.

Administrator DHA Brig Muhammad Abdullah appreciated the boldness, efficiency and dedication to duty of Vigilance Guards. He said that DHA Vigilance in co-ordination with Police was committed to provide secure and peaceful living environment to the residents.

For more information contact:
Pakistan Defence Officers Housing Authority
2-B, East Street, Phase-I
Karachi-75500
Pakistan
UAN: 92 21 111-589-589
Phones: 92 21 35886401-5
Fax: 92 21 35886406
E-mail: dha@dhakarachi.org ,info@dhakarachi.org