Rivers Flows and Reservoirs Level Report December 31, 2013

Lahore, December 31 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                18100	              12000           Mean flows of 24 hours
Kabul At Nowshera                6800	               6800           Mean Flows of 24 hrs.
Jhelum at Mangla                 6000	              10000           Mean flows of 24 hours
Chenab at Marala                 5500                  5500           Flows at 0600 hours 

Barrages                       Inflows              Outflows                  Remarks
                              (In Cusecs)          (In Cusecs)
Jinnah                           24800	             18800           Flow at 24 hours
Chashma                          17800               13600           Mean flows of 24 hours
Taunsa                           24500	             24500           Flow at  0600 hours
Panjnad                           4300	              2000           Flow at  0600 hours
Guddu                            27500     	     22300           Flow at  0600 hours
Sukkur                           23100	              NIL            Flow at  0600 hours
Kotri                             3043	              3043           Flow at  0600 hours

Reservoirs                   Present Level         Dead Level          Maximum level     Present
(at 0600 hours)             (Above Sea Level)    (Above Sea Level)      (ft.)            Live Storage
                                 (ft.)                 (ft.)
Tarbela                       1471.68	             1378.00 	         1550.00	 2.618 MAF
Mangla                        1156.70	             1040.00 	         1242.00	 2.245 MAF
Chashma                        638.15	              637.00 	          649.00	 0.013 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

Indus Hospital to set up Blood Donation camp at Karachi Chamber of Commerce and Industry on Jan 4

Karachi, December 31, 2013 (PPI-OT): The Management of Indus Hospital Karachi will be setting up a ‘Blood Donation Camp’ at Majeed Bawany Auditorium of the Karachi Chamber of Commerce and Industry (KCCI) on Saturday, January 4, 2014 between 10:00AM to 4:00PM.

President KCCI, Abdullah Zaki has requested all members to come forward and cooperate with Indus Hospital’s team by donating blood for this noble cause in order to share the sufferings of the patients and their families in distress.

Abdullah also appreciated various initiatives undertaken by the Indus Hospital to provide free of cost healthcare services to the needy patients. He said that the Indus Hospital is doing a fine job of providing free healthcare services through its state-of-the-art hospital situated in Korangi. He also extended full support to the Indus Hospital so that the hospital could further strengthen its position in the health sector.

It is pertinent to mention here that Indus Hospital Blood Center is Pakistan’s first centralized blood center and provides international quality screened blood to partner hospitals across the city. The blood is obtained solely from ‘Voluntary Blood Donors’, ensuring low-risk donations whereas an ‘Online Blood Ordering System’ is also available for partner hospitals.

For more information, contact:
M. Shafiq Baig
Public Relations Officer
Karachi Chamber of Commerce and Industry (KCCI)
Aiwan-e-Tijarat Road,
Shahrah-e-Liaquat, Karachi-74000
Tel: +9221 9921 8001 -09
Fax: +9221 9921 8010
Email: pro@kcci.com.pk, pro2@kcci.com.pk
Website: http://www.kcci.com.pk/

Conversion of FC deposits, DBC /FCBC, special US dollar bonds and profits of December 31, 2013

Karachi, December 31, 2013 (PPI-OT): Domestic markets and monetary management department

Average rates for authorized dealers following are the conversion rates valid for:

A) Customer transactions on January 02, 2014 for the conversion of FC deposits, DBC /FCBC, special US dollar bonds and profits thereon and forward cover for deposits (excluding FE-25)

B) SBP settlement value date JANUARY 06, 2014.

Currency         Rate in Pak Rupee

U.S. Dollar          105.2971

Japanese Yen           1.0026

Pound Sterling       174.0877

Euro                 145.0152

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

Pakistani Textiles, Pharmaceuticals, rice, fruits, surgical goods, sports goods have a huge potential in South Africa: Najm us Saqib

Lahore, December 31, 2013 (PPI-OT): Pakistani Textiles, textile made-ups, Pharmaceuticals, Rice, Fruits, surgical goods, sports goods have a huge potential in South Africa therefore Pakistani businessmen should avail opportunities in these areas.

This was stated by High Commissioner-designate to South Africa Najm us Saqib while speaking at the Lahore Chamber of Commerce and Industry on Thursday. LCCI Vice President Kashif Anwar presented Address of Welcome while former LCCI President Mian Muzaffar Ali, Executive Committee Members Mian Zahid Javaid, Khawaja Khawar Rashid, former Vice President Saeeda Nazar also spoke on the occasion.

Ambassador-designate said that both Pakistan and South Africa have very strong credentials to give new strengthens to their respective economies but lack of information about each other’s potentials is coming in the way and there is a need to bridge this gap.

The Ambassador said that the Health and handicrafts sectors also have bright prospects for cooperation between the two countries. The High Commissioner, who spent well over an hour at the Lahore Chamber of Commerce and Industry, said that the Pakistan High Commission in South Africa would extend every possible cooperation for single country exhibition and for exchange of business delegations.

Speaking on the occasion, the LCCI Vice President Kashif Anwar stressed the need for further strengthening of Chamber-High Commission liaison. He said that Pakistani businesses were specifically eyeing the prospects of transfer of technology. Likewise, opportunities exist in cooperation between the various other sectors in Pakistan in the form of joint ventures.

The LCCI Vice President also called for devising ways to update the information crucial for trade and investment. He said that Pakistan and South Africa bilateral relations witnessed accelerated growth of bilateral relations.

He said that Pakistani business community regards bolstering economic ties with South African economy on a long-term basis as an important step. For that matter, there have also been exchanges of business delegations in the past. Pakistan and South Africa need to further develop bilateral trade which ranges between $ 600-650 million as presently it is far below to our trade potential. He said that there was a need to identify the reasons behind low level of trade and also work on ways to improve economic relations, trade and investment.

Pakistan’s exports to South Africa include cements, bed and table linens, woven fabric of synthetic staple and cotton fabrics, leather and leather garments and electro medical apparatus etc.

The imports from South Africa comprise coal, ferrous waste and scrap, flat rolled products of iron, aviation related goods, synthetic tanning substances, unwrought aluminum and food preparations etc.

Though the trade balance favours South Africa but we are keen to explore and address the bottlenecks which are causing such constraints to trade promotion. Your commercial section can help us to a great extent in this regard.

According to ITC Trade Data base for the year 2012 only 1.1% of Pakistan’s exports make their way to South Africa. While in total imports of Pakistan, South Africa’s share is just 0.7%. These figures further signify that there is a lot of room to multiply the trade figures.

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

Water and Power Development Authority wins national wrestling championship

Lahore, December 31, 2013 (PPI-OT): Water and Power Development Authority (WAPDA) won 60th National Wrestling Championship by scoring 70 points. With seven gold medals, WAPDA registered a clean sweep in all the seven categories of the championship ranging from 55 kilogram (Kg) to 120 Kg.

Punjab with 58 points and Pakistan Police with 51 points bagged second and third position respectively in the championship.

WAPDA Sports Board President, Yousaf Naseem Khokhar, was the chief guest at the concluding ceremony of the championship, who gave away trophies and medals to the winning teams and their players. Pakistan Olympic Association Secretary Khalid Mehmood, Pakistan Wrestling Federation President Chaudhary Muhammad Asghar and WAPDA Sports Board Director General Mian Riffat Mahmood were also present on the occasion.

The 3-day National Wrestling Championship was organised by the Pakistan Wrestling Federation here at Punjab College. As many as eight teams participated in the championship including WAPDA, Higher Education Commission, Pakistan Police, Punjab, Khyber Pakhtunkhwa, Sindh, Balochistan and Islamabad.

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

Pakistan Tanners Association rejects curtailment of gas supply to industry

Karachi, December 31, 2013 (PPI-OT): Pakistan Tanners Association (PTA) South Zone has sharply reacted over the curtailing of gas supply to the Korangi Industrial Area especially in Tannery Zone. In a statement Chairman PTA (S.Z) Fawad Jawed and Chairman Standing Committee on Gas and Electricity Usman Umer have appealed to the government’s high-ups and Sui Southern Gas Company (SSGC) to take immediate notice of the grave situation arising due to curtailment of 30 per cent gas supply to the industries.

They said that the 30 per cent less supply of gas coupled with frequent outages has threatened the industry’s wheel rolling in wake of SSGC decision to drastically reduce supply of gas to it.

He expressed apprehensions that the local exporting leather Industry will not be able to meet the deadline to supply the ordered goods to its customers abroad and many may face penalty clause for delay apart from losing future business.

He pointed out that the drastic reduction in gas supply does not augur well for local Leather Industry. It will render the workers to sit idle, pushing-up cost and situation may force the Industry to lay-off workers.

While emphasizing that the economy’s survival depends upon the industry, he appealed to the government to find out some other way out to resolve the gas shortage issue so that the gas supply must be guaranteed to the export-oriented industry. He also complained of the low-pressure in gas supply to the industry and requested the SSGC to resolve the issue with supply of full pressure gas as gas is indispensable for leather industries.

For more information, contact:
Moinuddin Quraishi
Pakistan Tanners Association
46-C, 21st Commercial Street,
Phase II, Extn., Defence Housing Suthority,
Karachi-75500 – Pakistan.
Tel: +92-21-35880180, 35880184, 35899819,
Fax: 92-21-35880093
Email: info@pakistantanners.org

Youth urged to prepare sound business Plans

Karachi, December 31, 2013 (PPI-OT): The Union of Small and Medium Enterprises (UNISAME) advised the youth to avail the loan and benefit from the scheme and urged them to study the feasibility and prepare a proper and sound business plan whilst applying for loan under the prime minister youth loan scheme (PM-YLS).

President UNISAME Zulfikar Thaver recording a show on a local television channel informed the viewers that the PM and the chairperson Mariam Nawaz were both very keen to promote self employment. On success of this scheme other schemes will be initiated such as housing and farming.

This is in fact a pet project of the chairperson Mariam Nawaz who is very enthusiastic about its full success.

He pointed out that the Small and Medium Enterprises Development Authority (SMEDA) has placed 56 feasibility studies, business plan guidelines, financial calculator and help desk services for the benefit of the youth applicants. The application form can also be downloaded from their website.

He dispelled doubts about the complexity of the PM-YLS and said it is very simple and the applicants are required to submit one passport sized photograph, copy of national identity card (CNIC), borrowers fact sheet, guarantors information and the prefeasibility or the business plan.

He urged the applicants to ensure that the business plan is sound and that the applicants are clear in their minds about the nature of business planned.It is important that they have aptitude for the planned business.

Answering criticism he emphasized the need to trust the youth and build their confidence by guiding them in entrepreneurship. The loan is available at 8% mark up and cannot be labelled as interest because it is a subsidy with repayment under installments over a period of 8 years with one year grace period. The equity is only 10%. All these facilities are to be appreciated and not criticized unnecessarily he asserted.

He expressed confidence that there will be many success stories of youth who will start business and grow their businesses.

Replying to the failure of yellow taxi scheme, he said it was launched with good faith and nevertheless the problem of taxi availability was solved. It was to be followed by the yellow tractor scheme which would have benefited the farmers but unfortunately the facility of yellow taxi loan was abused by some causing it to fail.

He said the government is not obliging the youth in any way by the PM YLS it is their right and duty of the state to promote, encourage and facilitate them and in fact the PM and the chairperson PM YLS are looking forward to come up with more such projects.

UNISAME has offered co-operation and full support and invited the multinationals and big corporations to support such schemes through their corporate social responsibility (CSR) funds jointly with SMEDA.

For more information, Contact:
Union of Small and Medium Enterprises (UNISAME)
75/1 3rd Commercial Street,
Phase IV, D.H.A., Karachi, Pakistan
Phones: + 92 35884225 and 6
Cell: + 92 300 8245307 and + 92 321 8245307
Fax: + 92 35380642
Email: unisame@gmail.com