3rd Shaheed Mohtarma Benazir Bhutto Women Cricket Challenge Trophy T20

Lahore, April 29, 2014 (PPI-OT): 3rd Shaheed Mohtarma Benazir Bhutto Women Cricket Challenge Trophy T-20


Date Time Match Venue Umpire-1 Umpire-2 TV Umpire Referee Scorer

30-Apr-14 10:00 AM Saif Sports Saga Gaddafi Stadium, Qaiser Waheed Shakila Rafiq Shozab Raza Azizur Rehman Masood Ahmed
vs Omar Lahore
Associates

30-Apr-14 2:00 PM ZTBL vs HEC Gaddafi Stadium, Shozab Raza Riffat Mustafa Qaiser Waheed Saadat Ali Azhar Hussain
Lahore

1-May-14 10:00 AM Saif Sports Saga Gaddafi Stadium, Ghaffar Kazmi Saleema Imtiaz Ahsan Raza Khalid Niazi Najamus Saeed
vs HEC Lahore

1-May-14 2:00 PM ZTBL vs Omar Gaddafi Stadium, Ahsan Raza Nuzhat Sultana Ghaffar Kazmi Muhammad Zahoor Alam
Associates Lahore Anees

3-May-14 10:00 AM ZTBL vs Saif Gaddafi Stadium, Ghaffar Kazmi Kausar Shah Zameer Haider Jamshed Hussain Muhammad Arif
Sports Saga Lahore Sr.

3-May-14 2:00 PM Omar Associates Gaddafi Stadium, Zameer Haider Afia Amin Qaiser Waheed Ashraf Ali Waris Bashir
vs HEC Lahore

4-May-14 2:00 PM FINAL Gaddafi Stadium, Ahsan Raza Humairah Farah Shozab Raza Zaigham Burki Abdul Hameed
Lahore

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

36 Probables announced for Summer Camp 6th May – 6th June 2014 at Lahore

Lahore, April 29, 2014 (PPI-OT): 36 Probables announced for Summer Camp 6th May – 6th June 2014 at Lahore


Opener Batsmen

S# Names
1 Ahmed Shehzad
2 Nasir Jamshaid
3 Sharjeel Khan
4 Taufiq Umer
5 Shan Masood
6 Imran Farhat
7 Yasir Hameed
8 Khurram Manzoor

Middle Order Batsmen

S# Names
9 Misba Ul Haq
10 Asad Shafiq
11 Younis Khan
12 Umer Akmal
13 Azhar Ali
14 Faisal Iqbal
15 Sohaib Maqsood
16 Harrris Sohail
17 Fawad Alam

All-Rounders

S# Names
18 Mohammad Hafeez
19 Shahid Afridi
20 Anwar Ali
21 Bilawal Bhatti

Spinners

S# Names
22 Abdul Rehman
23 Zulfiqar Babar
24 Raza Hassan
25 Atif Maqbool
26 Yasir Shah

Fast Bowlers

S# Names
27 Umer Gul
28 Mohammad Talha
29 Ehsan Adil
30 Mohammad Irfan
31 Wahab Riaz
32 Rahat Ali
33 Sohail Tanvir
34 M.Sami

Wicket Keepers

S# Names
35 Sarfaraz Ahmed
36 Adnan Akmal

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

Sindh Public Service Commission announces results of written tests conducted for different posts

Hyderabad, April 29, 2014 (PPI-OT): The Sindh Public Service Commission conducted Pre-interview written test for the post of Deputy Director (Women Development) BPS-18 in Women Development Department and Pre-interview written test for the post of Assistant Director BPS-17 in Information Technology Department, Government of Sindh in the month of April, 2014. The candidates whose Roll Numbers are given below have qualified the written test.

DEPUTY DIRECTOR (WOMEN DEVELOPMENT) BPS-18 IN WOMEN DEVELOPMENT

Roll Numbers: 13516, 13536, 13547, 13565, 13570, 13573, 13583, 13598, 13606, 13609, 13622, 13625, 13630 and 13639.

ASSISTANT DIRECTOR BPS-17 IN INFORMATION TECHNOLOGY DEPARTMENT

Roll Numbers: 13803, 13806, 13881, 13894 and 13906.

Note: The Commission reserves the right to modify/correct the result at any error is detected later on.

For more information, contact:
Sindh Public Service Commission
Thandi Sarak, Hyderabad, Sindh
Phone # 022-9200694, 246
Fax # 022-9200697
Email: info@spsc.gov.pk

Supreme Court of Pakistan’s clarification regarding electricity connection

Islamabad, April 29, 2014 (PPI-OT): Reference news item aired by different news channels that electricity connection of Supreme Court building, Islamabad was disconnected by IESCO on account of non payment of electricity bills by Pak. PWD.

In pursuance of the clearance certificate of Pak. PWD dated 29.04.2014 showing that all the electricity dues of Supreme Court of Pakistan building, Chief Justice House and all Judges Residences are paid to IESCO up to date i.e. up till April, 2014. It is clarified that all the electricity dues against Supreme Court building, Chief Justice House and all Judges Residences are already paid as per version of Pak. PWD.

For more information, contact:
Shahid Hussain Kamboyo
Public Relations Officer
Supreme Court of Pakistan
Tel: +92 51 9204184, 9220581
Fax: +92 51 9213452
Email: mail@supremecourt.gov.pk

Securities and Exchange Commission of Pakistan facilitates centralized information sharing solution for life insurance industry

Karachi, April 29, 2014 (PPI-OT): The SECP — as a part of its ongoing insurance reforms — has facilitated a landmark agreement between life insurance (family takaful) companies and the Central Depository Company of Pakistan Limited (CDC) for the launching of a centralized information sharing solution for the life insurance industry (CISSII).

The CISSII participation agreement was signed between the CDC and EFU Life Assurance, Jubilee Life Insurance Company, MetLife Alico Pakistan, Adamjee Life Insurance Company, East West Life Insurance Company, Pak – Qatar Family Takaful and Dawood Family Takaful Ltd. The State Life Insurance Corporation will sign once its chairman is appointed by the federal government.

The ceremony was held at a hotel in Karachi. Mr. Mohammad Asif Arif, Commissioner Insurance Division, SECP, Muhammad Hanif Jakhura, CEO, CDC, and CEOs and other senior officers of life ins urance and family takaful operators attended the ceremony.

On March 12, 2014, the SECP had issued a regulatory directive requiring all life insurance companies and family takaful operators to join the CISSII by April 30. The objective of the directive w as to promote a formal information – sharing mechanism by making membership mandatory for life insurance companies and family takaful operators.

Earlier — on May 10, 2012 — the SECP had constituted the Insurance Industry Reforms Committee (IIRC) to develop a co mprehensive roadmap for promoting a financially sound and technologically efficient insurance industry in Pakistan. The SECP made the IIRC Report 2014 public on February 27, 2014.

The committee had been divided into 5 subcommittees, addressing different functional areas. It was pointed out at the operational challenges subcommittee forum that there was a lack of coordination between insurance companies regarding sharing critical information, such as acceptance of the claim, postponed or declined life risks, malpractices by agents etc. due to the absence of a formal information sharing mechanism.

The committee highlighted that such a mechanism can be arranged either at the SECP level or at an independent body, which has the capacity and technological wherewithal to manage a large data warehouse, and support the efficient dissemination of that data. One such organization highlighted was the Central Depository Company (CDC), which has proven expertise in this area.

The members of the subcommittee asked the CDC to present a business case. All the participants agreed that the solution proposed by the CDC was beneficial to the life insurance industry and these companies would be part of any such initiative.

Subsequently, an MoU was signed by all life insurers, including family Takaful operators and the CDC on March 21, 2013, whereby the parties agreed that the CISSII should be developed, as it would be an important mechanism for greater efficiency and transparency in the life insurance industry. The MoU also urged the life insurance/family takaful companies to enter into an agreement with the CDC and to subscribe to the CISSII to be developed and maintained by the CDC.

The CISSII is an IT – based formal mechanism through which insurers can share specified critic al information on a real time basis. The CISSII has four components, i.e. — a centralized agents’ register including s – register, centralized register for postponed and declined life risks, centralized claim register, and centralized group life claim experience register.

The CISSII is aimed at enhancing the policyholders’ protection and development of the life insurance industry through promotion of a formal information – sharing mechanism among the life insurer to reduce systematic risk in the life insurance industry.

For more information, contact:
Shakil Ahmad Chaudhary
Head, Internal and External Communication
Securities and Exchange Commission of Pakistan (SECP)
NIC Building, 63 Jinnah Avenue, Islamabad
Tel: +9251 921 4005 or 921 4009 (Ext. 378)
Fax: +9251 920 6459
Cell: +92302 855 2254
E-mail: shakil.chaudhary@secp.gov.pk

Pakistan State Oil announces financial results for 3QFY14

Karachi, April 29, 2014 (PPI-OT): The Board of Management (BoM) of Pakistan State Oil Company Limited (PSOCL) convened on Tuesday at the PSO headquarters, to review the Company’s performance for the nine months period ended March 31, 2014.

In the period under review, PSO’s sales revenue crossed the trillion turnover mark and stood at Rs 1.02 trillion as compared to Rs 930 billion during Same Period Last Year (SPLY), representing a growth of 10%. The Company’s after tax earnings increased to Rs 19.4 billion as compared to Rs 9.4 billion during SPLY.

These all time high nine monthly after tax earnings surpassed the after tax earnings of Rs 12.6 billion during the entire financial year 2013 by 54%. While maintaining the overall market leadership position with 73% share in black oil market and 53% in white oil market, the Company registered a growth of 4% in sales of liquid fuels as compared to SPLY.

Devaluation of Pak Rupee against US dollar by 6.5% in the first half of financial year 2014 was followed by an appreciation of 7% in the third quarter, resulting in a net exchange loss of Rs 1.2 billion in the nine months under review.

Recovery of interest from power sector producers and interest earned on PIBs contributed positively to the bottom line although it caused an increase in finance cost by 23%. Due to liquidity issues faced by the Company caused by outstanding receivables, mainly from power sector customers, the Board has decided to defer the dividends at this stage.

The PSO Board appreciated the contributions of the management team and workforce towards the impressive performance of the Company. In view of the increasing receivables from the power sector customers, the BoM directed the management to continue working closely with the concerned government departments and customers for timely realization of due payments. The management thanked the members of the Board for their direction and support and assured continued efforts to maximize value for the stakeholders.

For more information, contact:
Hasan Saeed
Executive- Corporate Communications
Pakistan State Oil
UAN: 111-111-PSO (776), Ext: 2470
Ta’aluq Care Line: 0800-03000
Fax: +9221-99203811
Email: hasan.saeed@psopk.com,
Website: www.psopk.com

National Assembly session summoned on May 5

Islamabad, April 29, 2014 (PPI-OT): In exercise of the powers conferred by clause (1) of Article 54 of the Constitution of Islamic Republic of Pakistan, the President has been pleased to summon the National Assembly to meet in the Parliament House, Islamabad on Monday, the 5th May, 2014 at 4:00 p.m.

For more information, contact:
Karamat Hussain Niazi
Secretary
National Assembly of Pakistan
Parliament House, Islamabad
Tel: +9251 922 1082 -83
Fax: +9251 922 1106