Suhail Jute Mills Limited’s financial results for the quarter ended 30-09-2012

Karachi, November 30, 2012 (PPI-OT): We have to inform you that the Board of Directors of our Company in their meeting held at 1500 hrs on Thursday, the 29th Day of November, 2012 recommended the following:

(i) Cash Dividend

An final Cash Dividend for the Quarter ended September 30, 2012 @ Nil per share i.e. Nil. Interim Dividend already been paid at Rs. Nil per share i.e. Nil%.

(ii) Bonus Share

It has also been recommended by the Board of Directors to issue bonus shares in the proportion of Nil shares for every share held i.e. Nil%. The bonus shares will be entitled/not entitled for the right shares.

(iii) Right Shares

The board also recommended to issue Nil % Right Shares at par/at a premium of Rs. Nil per share in proportion of Nil shares for every Nil shares.

The final dividend if approved by Shareholders will be paid to the shareholders whose names appear in the Register.

The Share Transfer Register of the Company will be closed from 22nd November 2012 to 29th November 2012 (both days inclusive). Transfers received at the Company’s Registered Office 125-Murree Road Rawalpindi at the close of business on 21st November, 2012 will be treated in time for the purpose of payment of Dividend, Right and Bonus Shares to the transferees.

(iv) Any Other Entitlement

The Financial results of the company are as per enclosure A:

Condensed Interim Profit and Loss Account for the Period Ended September 30, 2012 (Un-Audited)

Quarter ended

30.09.2012

30.09.2011

Rupees

Rupees

Sales

0

18,047,322

Cost of Sales

(23,688,148)

Gross Loss

(5,640,826)

Unabsorbed Factory Expenses

(5,785,533)

Administrative Expenses

(3,921,299)

(4,913,103)

Finance Cost

(5,407,693)

(3,388,566)

Other Operating Income

273,650

385,786

Loss before Taxation

(14,840,875)

(13,556,709)

Loss for the Period

(14,840,875)

(13,556,709)

———-

———-

Earnings per share-Basic

(3.96)

(3.62)

The annexed notes form an integral part of these financial statements.

For more information, contact:
Suhail Jute Mills Limited
125, Murree Road, P.O. Box No. 341,
Rawalpindi (Pakistan)
H.O. Rawalpindi Ph: (051) 5568051-3
Fax: 92-51-5566310
E-mail: suhailjutemill@hotmail.com

Hatf V (Ghauri) missile test was a complete success: Inter Services Public Relations

Rawalpindi, November 30, 2012 (PPI-OT): A spokesman of ISPR has said that the Hatf V (Ghauri) missile test conducted on Wednesday was a complete success. The missile during its flight remained within the designated flight path and corridor. The metal parts found in a remote area of Dadu, as reported in media today, were part of the motor body, which separated from the missile as planned, well within the safety corridor.

It was ensured that at no point, would human life or property be at risk. There is no cause for alarm or concern, the spokesman concluded.

For more information, contact:
Inter Services Public Relations (ISPR)
Hilal Road, Rawalpindi, Pakistan
Tel: +9251 927 1605
Fax: +9251 927 1601
Email: ispr@ispr.gov.pk

Faysal Bank Twenty20 tournament starting from December 1

Lahore, November 30, 2012 (PPI-OT): Faysal Bank Twenty20 tournament is starting from December 1st at three venues i.e. Gaddafi Stadium, LCCA ground and Gymkhana Ground at Bagh-e Jinnah.

• Media Box at Gaddafi Stadium will be open from 1100 hours December 1st.

• Hospitality for media is arranged at Gaddafi Stadium only.

• No cameras are allowed in the media box.

• Live coverage is not allowed from any venue at any time during the match timings.

• Players (man of the match/captains) will be available for talk only at Gaddafi Stadium.

• Ball By Ball Live Coverage of all matches will be available on PCB official Website: www.pcb.com.pk

For more information, contact:
Nadeem Sarwar
Media Manager
Pakistan Cricket Board (PCB)
Gaddafi Stadium, Lahore 54600, Pakistan
Tel: +9242 571 7231 -4
Fax: +9242 571 1860

National Vocational and Technical Training Commission, Sindh Technical Education and Vocational Training Authority train 24,000 unemployed youth

Islamabad, November 30, 2012 (PPI-OT): National Vocational and Technical Training Commission (NAVTTC) and Sindh Technical Education and Vocational Training Authority (STEVTA) have so far trained 24,000 unemployed youth throughout Sindh which include 15,400 males and 8,600 females, through short courses under Prime Minister’s Special Hunarmand Pakistan Program and President’s Funni Maharat Program, funded by NAVTTC and executed by STEVTA.

These courses were not only free of any charges, but the trainees were also given a monthly stipend of Rs. 2,000/- per month per head. The unemployed youth, after getting the training, have been able to earn respectable livelihood for themselves and their families, said Muhammad Mumtaz Akhtar Kahloon Chairman NAVTTC while talking to Sadiq Ali Memon Minister/ Chairman of Sindh Technical Education and Vocational Training Authority (STEVTA) who called on him at his office in Prime Minister Secretariat (Public) here yesterday.

The Chairman NAVTTC told the Minister STEVTA regarding efforts of NAVTTC in streamlining the Technical and Vocational Education and Training (TVET) Sector of Pakistan. NAVTTC has developed around 104 Curricula of different trades of TVET Sector after adopting Skill Standards besides developing National Qualification Framework (NQF) for the promotion of TVET Sector as well, he added.

The Minister STEVTA appreciated the performance of NAVTTC and its key role for establishing Technical and Vocational Centers in 14 remote tehsils of Sindh under the President’s Funni Maharat Programme, where, no such institute was previously available, under this programme, 8,400 jobless youth have so far been trained.

Chairman NAVTTC and Minister STEVTA further agreed that considering the large proportion of young population in Pakistan, best way to utilize this potential was to equip them with Technical and Vocational Skills, and make them able to earn livelihood for themselves and for their families. Both sides expressed satisfaction over the trainings and agreed to continue collaboration in providing quality Technical and Vocational Education to unemployed youth of Sindh.

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 Cricket Board starting its first Dope testing in Domestic competitions

Lahore, November 30, 2012 (PPI-OT): Pakistan Cricket Board is starting its first Dope testing in the Domestic competitions by introducing “In-competition “ testing during the forthcoming Faysal Bank National T-20 tournament.

Pakistan Cricket Board, in order to strive for drug free sports and to protect the basic framework of protection of Athletes’ basic right to participate in doping- free sport and thus promote health, fairness and equality for cricketers nationwide, has introduced this In-Competition in testing. The step is taken to bring the domestic cricket at par with other test playing countries.

Under the Supervision of Dr.Sohail Saleem, GM Sports medicine Department of Pakistan Cricket Board has not only prepared “Doping Code PCB” in accordance with the rules laid down by WADA but also a strategic plan for controlling, if any, doping in the country under their domain.

Accordingly, Pakistan Cricket Board during the last domestic cricket season educated approximately 500 First Class Cricketers on the subject of doping. Players were educated and made aware of rule and regulations related to Doping through lectures. They were also provided with an Urdu Guide, updated list of banned drugs and a CD for revision of doping education.

Cricketers from all the regional teams participating in the T-20 Championship will randomly be picked for Dope testing. These tests will be conducted by WADA accredited independent Doping Control officers throughout the competition.

For more information, contact:
Nadeem Sarwar
Media Manager
Pakistan Cricket Board (PCB)
Gaddafi Stadium, Lahore 54600, Pakistan
Tel: +9242 571 7231 -4
Fax: +9242 571 1860

President inaugurates Phase-I of Video Surveillance System

Islamabad, November 30, 2012 (PPI-OT): President Asif Ali Zardari today reiterated the commitment of the Government to ensure law and order and the safety and security of the citizens which he said was the prime responsibility of any government. He said that enhancing the capacity of law-enforcing agencies and equipping them with latest technologies for effectively dealing with emergent situations and to keep the law and order situation under control was the priority area for the Government.

This he said while inaugurating phase-I of the project of installation of CCTV Cameras in Karachi for the purpose of better monitoring and surveillance of the port city and to keep the crime rate in check by the law enforcing agencies here at the Chief Minister’s House Karachi.

Those who were present on the occasion included among other Governor Sindh Dr. Ishrat-ul-Ibad Khan, Chief Minister Sindh Syed Qaim Ali Shah, Sindh provincial minister, provincial secretaries of the concerned departments, senior officers of Police and law-enforcing agencies and others.

Chief Minister Sindh Syed Qaim Ali Shah, while briefing the President about the project said that the provincial government of Sindh has undertaken a number of projects aimed at improving infrastructural and operational capacities of the Police and other law-enforcing authorities so as to enable them effectively deal with the challenge of maintaining law and order in the province especially in the metropolis.

He said that Karachi Video Surveillance System was planned in 2009 and a team of Police officers was tasked to study the Video Surveillance model deployed by the Police department of London, Istanbul and UAE. He said that in view of the cost of the project, it was decided to take up the project in phases. For the Phase-I of this project, the Government of Sindh allocated Rs. 690 million.

About the scope of the project, the President was informed that 164 pole site locations have been identified where five cameras will be installed on each pole. The system would be supported by state-of-the-art data centre with storage capacity of 45 days and Video Forensic Lab with advanced video searching techniques. Central Command and Control Centre with international standards along with Regional Centres have been established for the operational purposes.

The System would also include the facility of Vehicle Number Plate Recognition Sytem at various locations and GIS based Handheld devices enabled with the Criminal Record Office and vehicle/other Police data. It was informed that 100 vehicle mounted cameras with live feeds to Command and Control Centre would augment the surveillance system of the metropolis.

The President was informed that the System has successfully been tested during the mega events including Muharram 2012.

It was informed that Sindh Police intends to launch Phase-II of the Project by enhancing the locations of Camera sites as well as capacity of data centre and additional Mini Command Centers with live access up to Police Station level.

The President appreciated the Sindh Police for launching the Video Surveillance Project in Karachi expressing the hope that the system would be instrumental in keeping law and order situation under control. He also expressed the hope that the model will be replicated in other major cities of the country to deal with the issues of law and order.

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

President condole demise of Israr Khan

Islamabad, November 30, 2012 (PPI-OT): President Asif Ali Zardari has expressed deep sorrow and grief over the sad demise of Mr. Israr Khan, President People Student Federation Mardan, who passed away in a road accident.

In his condolence message, the President expressed his sympathies with the bereaved family and prayed to Almighty Allah to rest the departed soul in eternal peace and give courage to the bereaved family to bear this loss with fortitude.

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