Day: May 18, 2015

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State Bank of Pakistan rates for conversion of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special United States Dollar Bonds and profit thereon May 18, 2015

Karachi, May 18, 2015 (PPI-OT): The following rates will be applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special U.S Dollar Bonds and profit thereon by all banks and for providing Forward Cover on Foreign Currency Deposits (excluding F.E-25 deposits) by the State Bank on May 19, 2015.

Currency         Rate in Pak Rupee

U.S. Dollar         101.9476

Japanese Yen          0.8518

Pound Sterling      159.9252

Euro                116.1999

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

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Pakistan condemns us drone strike in North Waziristan

Islamabad, May 18, 2015 (PPI-OT): A drone strike on May 16, 2015 resulted in a number of casualties in the Mana area of North Waziristan Agency.

We condemn such strikes which are a clear violation of Pakistan’s sovereignty and territorial integrity. These generate distrust among the local populace at a time when Operation Zarb e Azab is moving ahead decisively and the focus of the Government is shifting towards rehabilitation of the civilian population. We reiterate our call for a cessation of such strikes.

For more information, contact:
Haji Ahmed Malik
Principal Information Officer
Press Information Department (PID)
Tel: +92-51-9252323 and +92-51-9252324
Fax: +92-51-9252325 and +92-51-9252326
Email: piopid@gmail.com

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Trauma Centre in Civil Hospital Karachi will be completed till 4th June: Jam Mehtab Hussain Dahar

Karachi, May 18, 2015 (PPI-OT): Provincial Minister for Health Jam Mehtab Hussain Dahar has said under construction Trauma Centre in Civil Hospital Karachi will be completed till 4th June and after completion it will cater the needs of not only Karachi but other cities of Sindh. This he said while talking to mediamen visiting Civil Hospital Karachi on Monday. He expressed his displeasure over slow work pace at Trauma Centre.

Besides this, while addressing as a chief guest in Symposium on Radiation Hazards and Protection organized by Nuclear Safety and Radiation Protection Committee (NSRC), Civil Hospital Karachi, he said that even in industrial countries, most radiation exposure linked to civilization is from medical diagnosis and they felt that the medical radiation exposure of the general population and relevant reference groups should be regularly determined.

He added, ‘Nuclear Safety and Radiation Protection Committee has been formed under the supervision of medical superintendent realizing the fact that there is growing use of radiation in medical technology for diagnosis and Therapic purpose.

Jam Mehtab Hussain Dahar said that the purpose of formation of Committee should be to encourage and promote the active involvement of employers and workers’ organization in the development of international standards on occupational radiation protection. Professor Saeed Qureshi MSCHK, Professor Khalida Soomro and Professor Saba Sohail also addressed to the symposium.

For more information, contact:
The Information Department
Block-95 Sindh Secretariat 4-B,
Opposite Sindh Assembly Building Karachi
Email: sindhpressinformation@gmail.com, director_pi@sindhinformation.gos.pk
Phone: +92-021-99204401, +92-021-99204423
Fax: +92-021-99202609, +92-021-99204417
Website: sindhinformation.gos.pk

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Lahore Chamber of Commerce and Industry urges government to take immediate measures to restore supply of salt as its shortage is hitting industrial sector hard

Lahore, May 18, 2015 (PPI-OT): The Lahore Chamber of Commerce and Industry has urged the government to take immediate measures to restore the supply of salt as its shortage is hitting the industrial sector hard.

In a statement issued here, the LCCI Vice President Syed Mahmood Ghaznavi said that if the Punjab government does not restore supply of salt, the chemical and many affiliated industries will be closed and thousands workers will lost their jobs.

He said licenses of the explosive material producers were cancelled soon after the Peshawar school incident, resulting in halting the supply to mines and mineral organizations.

Syed Mahmood Ghaanavi said that the Punjab Mineral Development Corporation has also stopped the supply of salt that is the basic ingredient of the chemical industry and because of non-supply of salt, the chemical, textile, soap and ghee industries, power plants and water treatment plants could shut down any time from now.

He urged the government and district governments and administration to immediately issue no-objection certificate before the industrial sector suffered loss of millions of rupees leave thousands of workers jobless.

For more information, contact:
Shahid Khalil
Information Department
Lahore Chamber of Commerce and Industry (LCCI)
11-Shahrah-e-Aiwan-e-Tijarat,
Lahore -54000, Pakistan
Tel: +92-42-111-222-499
Fax: +92-42-6368854

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Khushhalibank expands network by 10 branches across the region

Islamabad, May 18, 2015 (PPI-OT): Khushhalibank Limited (KBL), with the objective to ensure extensive service coverage across the country has opened 10 additional branches in various regions of Pakistan. The new branches have opened in areas with lower access to financial services, such as Shah Kot, Kot Mithan, Kot Sultan, Shorkot City, Shahdad Kot, Jhuddo, Buner, Shakargarh, Sahiwal and Darya Khan.

Celebrating the launch, President Khushhalibank, Ghalib Nishtar said: “At KBL, we are committed to serve those segments of the population that are excluded from access to formal financial services but present a large and economically promising segment of the market. Khushhalibank with nerarly a million clients has the deepest presence and outreach within the microfinance sector in Pakistan. The clients represent micro and small entrepreneurs predominantly in the rural as well as urban regions of the country thereby contributing towards employment and promotion of economic activity at the grass roots level. This is an important milestone for us today as we strive to provide unparalleled services to all underserved segments of Pakistani society.”

KBL is making outstanding progress and continues to move on a sharp trajectory of growth. Recently KBL’s entity ratings were upgraded to ‘A+/A-1’ with a stable outlook, which reflects it is one of the best rated microfinance institution of Pakistan.

KBL has the largest branch network spread across all provinces of the country and a leading market share with expanding market penetration and diversification from rural to urban markets through the launch of Micro, Small and Medium Enterprise (MSME).

For more information, contact:
Khadija Ahmad
Khushhali Bank Limited
94 West, Fourth Floor,
Jinnah Avenue, Blue Area
PO Box 3111
Islamabad – Pakistan
Telephone: +92 (51) 111 092 092
Fax: + 92 (51) 9245120

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Cotton yarn market rates May 18, 2015

Karachi, May 18, 2015 (PPI-OT): 

             VOL=63=35=2015, MONDAY, MAY 18, 2015, 4.54 Kgs (10 LBS)
                    (ALL PRICE ARE WITHOUT GST/RGST)
                             Rates of Cotton Yarn

CONES CARDED              CONES CARDED                  COMBED CONE
10/1.                     24/1.                         40/1
Popular Fibre       700   A. A. Cotton           1200   Indus CF               1740
Diwan               820   Tritex                 1150   20/2.
Tritex              800   26/1.                         GulAhmed               1130
12/1                      AL-Karam               1220   Amin                   1160
Nadeem Textile      910   Dewan                  1170   Indus Dyeing           1160
Indus               940   Amin Text              1200   Bajwa                  1120
16/1.                     Shadman Cotton         1130   Shadman Cotton         1120
Nadeem Textile      940   Diamond Int'l          1180   42/1
United              980   Popular Spinning       1160   Abdullah Textile       1600
Popular Fibre       920   Ishtiaq Textile        1120   52/1
Abdullah Textile    950   Standard               1120   Abdullah Textile       1700
Indus               990   Lucky Cotton           1150   20/1. SLUB
A. A. Cotton        NIL   A. A. Cotton Hosiery   1230   Abdullah Textile       1220
Tritex              980   28/1                          30/1 SLUB
21/1.                     Abdullah Textile       1200   Abdullah Textile       1450
Ishtiaq Tex        1020   30/1.                         60/1.
Al-Karam(A.K)      1075   Amin Tex.              1280   Abdullah Textile       1750
Suriya Tex         1080   Al-Karam               1300   70/1
United             1050   Jubilee Spinning       1280   Abdullah Textile       1850
GulAhmed(G.Lite)   1100   GulAhmed(G.Lite)       1350   CHEES CONES
Popular Fibre      1000   Lucky Cotton           1280   10/1.
Shadman            1000   Diamond Intl           1280   Kasim Tex               560
Indus Dyeing       1060   A. A. Cotton Hosiery   1320   Latif Tex.(Latif)       580
Abdullah Textile   1050   32/1                          Super                   580
Lucky Cotton       1050   Abdullah Textile       1300   Abdullah Textile (OE)   560
A. A. Cotton       1100   40/1                          16/1. (O.E.)
Diwan              1030   Lucky Cotton           1550   Kasim Textile           750
22/1.                     52/1                          Masal                   700
Bajwa              1100   Lucky Cotton           1600
Popular Fibre      1000
United             1110

                 RATES OF PAKISTANI / IMPORTED POLYESTER YARN (PER LBS) + GST

Imported 50/36 FDY          77.00     Imported 75/72 INT DTY         100.00   Rupali 75/24 INT DTY      105.00
Local Mill                 135.00     Local Mill                     105.00   Imported75/36 INT DTY     102.00
                                                                              Local Mill                101.00
Rupali 75/78 FDY            88.00     Imported 75/144 INT DTY        102.00
Import 75/72 FDY            75.00     Local Mill                     110.00   Rupali 150/48/0 DTY        82.00
Local Mill                  88.00                                             Imported 150/48/0 DTY      78.00
                                      Rupali 300/96/ INT DTY          82.00   Local Mill                 77.00
Rupali 75/36/0              95.00     Imported 300/96/ INT DTY                and 75/24 DTY              78.00
Imported 75/36/0 DTY        91.00     Local Mill                      79.00   Rupali 150/48 INT DTY      83.00
Local Mill                  97.00                                             Imported 150/48 INT DTY    82.00
                                      Rupali 300/96/0 DTY             81.00   Local Mill                 82.50
Rupali 75/128 INT DTY      115.00     Imported 300/96 DTY             75.00
Local Mill                 115.00     Local Mill                      76.00   Imported 150/144 SIM       85.00
                                                                              Local Mill                  NIL
                                RATE OF BLANDED YARN IN RUPEES (PER LBS)

P.V. CONES                        20/1 PVT                      P.C. COMBED
18/1 PV                           Sana                   134.00 20/1. PC
A.A. Textiles              110.00 30/1 PVT                      A.A.SMLCARDED                      106.00
20/1 PVB                          Sana                   146.00 Zainab (Combed)                    129.00
A.A. Textile               113.00 10/1                          A. A. Cotton (Carded)              106.00
24/1 P.V. BRIGHT                  A. A. Cotton           109.00 A. A. Cotton CVC (65 : 35)         103.00
A.A. Tex.                  116.00 12/1 PP                       24/1. PC
Sana                       122.00 A. A. Cotton           113.00 A. A. SML Carded                   111.00
A. A. Cotton(80:20)        125.00 16/1 PP                       Zainab (Combed)                    119.00
26/1.PV Bright                    A. A. Cotton           116.00 A. A. Cotton (60:40)               132.00
A.A. Tex.                  125.00 20/1 PP                       25/1
Sana                       128.00 Sana                   111.00 A.A. Cotton                        113.00
A. A. Cotton               136.00 Diwan                   98.00 30/1. PC (52 : 48)
30/1 PV                           A. A. Cotton           118.00 Zainab Textile (combed)            129.00
A.A. Tex."Z" Twist         133.00 Agar                    96.00 Stallion                           100.00
Sana                       134.00 Stwist                  97.00 K. Nazir                           112.00
A. A. Cotton               133.00 26/1 PP                       Al-Karam                           112.00
26/1 P.V. (S.D.)                  A. A. Cotton           120.00 AA SML (Carded)                    121.00
A.A. Textile               130.00 30/1 PP                       A. A. Cotton (Carded)              116.00
A. A. COTTON               128.00 Agar                   101.00 A. A. Cotton (W)                   120.00
Sana                       126.00 Anwar                  109.00 A. A. Cotton CVC (65 : 35)         116.00
36/1 PV (SD)                      Sana                   121.00 36/1. PC
A.A. Textile               142.00 Diwan                  103.00 IFL Tex(Combed)                    143.00
A.A. Textile (65-35)       145.00 A. A. Cotton           123.00 40/1 PC
A. A. Cotton               139.00 A. A. Cotton (Stwist)  106.00 A.A. Textile (Combed)              149.00
Sana                       136.00 34/1. (PP)                    A. A. Cotton (52:48)               135.00
40/1. (PVB)                       A. A. Cotton           108.00 A. A. Cotton (65:35)               148.00
Sana                       151.00 40/1 PP                       45/1 PC
A. A. Cotton               145.00 A. A. Cotton           130.00 Zainab                             165.00
A. A. Textile              148.00 50/1. (P.P)                   10/1 CVC
46/1 PVSD                         A. A. Cotton (Twist)   129.00 A. A. Cotton (60:40)                92.00
Ibrahim Fibre              169.00 60/1. (P.P)                   12/1 CVC
A. A. Cotton (80:20)       170.00 Agar                   124.00 A. A. Cotton (60:40)                96.00
60/1 PVB                          Diwan                  125.00 20/1 CVC
A.A. COTTON                165.00 Anwar                  130.00 A. A. Cotton (60:40)               109.00
26/1 SLUB                         A. A. Cotton           146.00 AASML                              105.00
A. A. Cotton SLUB          160.00 8/.1.                         24/1 CVC
30/1 PV SLUB                      A. A. Cotton (52 48)    90.00 A. A. Cotton (60:40)               116.00
A.A. Clock Tower           150.00 10/.1.                        Sana                               146.00
A. A. Cotton (PVB)         153.00 Zainab                 111.00 AASML                              111.00
A. A. Cotton (PC)          160.00 A. A. Cotton            90.00 30/1 CVC
A. A. Cotton SLUB(PP)      155.00 Lucky Cotton           135.00 A. A. Cotton                       120.00
Sana SLUB (PP)             146.00 12/1                          AASML                              122.00
SEWING THREAD YARN                A. A. Cotton            94.00 36/1 CVC
Sana                              16/1                          A. A. Cotton                       140.00
21/1 PP                    118.00 AA SML Carded (52 48)  116.00 35/.1. VISCOSE
30/1 PP                    128.00 IFL (52 48)            119.00 Sana                               151.00
34/1 PP                    132.00 A. A. Cotton           102.00 40/.1. VISCOSE
40/1 PP                    140.00                               Sana                               156.00
50/1 PP                    151.00

                         READY RATES OF STAPLE FIBER IN RUPEES

POLYESTER              K.G.     POLYESTER                    K.G.     ACRYLIC FIBER               K.G.
I.C.I. 1.D             137.00   Ibrahim Fiber(SD)            137.00   Monty 1.2x51 Italy          310.00
I.C.I. 1.2 (SD)        137.00   Ibrahim 1.D                  137.00   Acelon Korea 1.2x51         310.00
I.C.I. Bright          139.00   Ibrahim Fiber Bright         139.00
Rupali 1.D             137.00   Ibrahim Trilobal Bright      139.00
Rupali 1.2 (SD)        137.00   VISCOSE                      K.G.
P.S.L. 1.D             137.00   FCFC 44 MM Taiwan            210.00
P.S.L. 1.2 (SD)        137.00   FCFC 51 MM Taiwan            210.00
                                Grysum India                 210.00
                                Thai Reyon 51 MM             210.00
                                S.P.V. Ind. 51 MM Indonesia  210.00

NOTE:- These prices tentative and average indicator of the Prices Prevailing around Mid-Day.

Whole Sale at Karachi, Actual deal prices may fluctuate under market mechanism.

For more information, Contact:
Pakistan Yarn Merchants Association
S.M Saeed Qadri
Secretary – P.Y.M.A
Ph: (+9221) 2410320
Fax: (+9221) 2424896
Business Centre, 8th Floor, Dunolly Road,
Karachi -74000
Email: pyma@cyber.net.pk

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Islamabad Stock Exchange Market Statistics Report Monday May 18, 2015

Islamabad, May 18, 2015 (PPI-OT): 

MARKET TREND:                  Bearish

COMPANIES TRADED:               TOTAL           PLUS               MINUS              EQUAL

                                 139             36                -103                 0

INDEX POSITION:                 INDEX          Opening             Closing            Change

ISE- 10 Index:                                 3670.10             3648.13            (21.97)

11:22 AM 3/25/2015
IMI- 25 Index:                  INDEX          Opening             Closing            Change

                                               2611.41             2590.23           (21.18)

TOTAL VOLUME:                                  Previous            Current            Change

218,500                                        457,000              61,000          (396,000)
                                               Previous            Current            Change

B to B Volume                                 8,488,097           6,387,805        (2,100,292)

VOLUME LEADERS:

Company                                     VOLUME of Shares

Bank of Punjab                                  59,500
Fauji Cement Co.                                 1,000
Silk Bank                                          500

Top Gainer Packages Limited Rs. 559.00 with an increase of Rs.+ 7.53.

Top Loser Sanofi Aventis Pakistan Rs. 618.00 with a decrease of Rs. -32.00.

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

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