NC always undermined Kashmiris’ interests: Yasin Malik

Srinagar, November 29, 2015 (PPI-OT):In occupied Kashmir, the Jammu and Kashmir Liberation Front (JKLF) Chairman, Mohammad Yasin Malik has said that the former puppet Chief Minister, Dr Farooq Abdullah and his pro-India party, National Conference have always undermined the Kashmiris, interests for lust of power. Mohammad Yasin Malik in a statement issued in Srinagar was reacting to Farooq Abdullah’s statement in which he had talked about dividing Kashmir and defended Indian claim on occupied Kashmir.

The JKLF Chairman said that the NC and its chief Farooq Abdullah had time and again damaged the interests of Kashmiris for their pity gains and lust of power. He said today by issuing ridiculous statements he is again proving his Kashmir animosity. Yasin Malik said that the statements were only meant to please masters in Delhi to get back the power. These kinds of statements are glaring example of slave mentality of Farooq Abdullah and people like him, he added. He said that issuing statement like these are like stabbing Kashmiris in their back and it is vain to expect any good from people like these.

For more information, contact:
Kashmir Media Service
Email: info@kmsnews.org
Phone: 92-51-4435548, 4435549
Fax: 92-51-4861736

Kashmiri diaspora asked to raise voice against brutalities in IOK

Srinagar, November 29, 2015 (PPI-OT): In occupied Kashmir, the illegally-detained Chairman of Muslim Deeni Mahaz (MDM), Dr Muhammad Qasim has called upon the Kashmiri Muslims living abroad to raise their voice against the brutalities being inflicted on the people of the territory. Dr Muhammad Qasim in a statement issued in Srinagar said that it was high time for Kashmiri Muslims living in countries like America, Britain, France, China, Russia, Germany, Saudi Arabia, Indonesia, Malaysia and Iran to raise their voice against the atrocities meted out by the authorities on the Muslims in Kashmir and play a proactive role in the movement.

For more information, contact:
Kashmir Media Service
Email: info@kmsnews.org
Phone: 92-51-4435548, 4435549
Fax: 92-51-4861736

Karachi Stock Exchange Stock Market Position on 27-11-2015

Karachi, November 27, 2015 (PPI-OT):

                                                    DAILY STOCK MARKET REPORT

                                             Market Position Printed On November-27-2015

COMPANIES              KSE                  KSE-30       KSE-100      KSE-ALLSHARES      KMI-30          BATi            OGTi         KMIALLSHR

Plus                   131   Current        19405.58    32960.27         23098.44        54524.30      15787.76        12337.17        15278.61
Minus                  193   Previous       19480.52    33079.37         23165.97        55014.75      15753.98        12363.23        15381.33
Unchanged               22   High           19526.45    33132.72         23196.69        55095.42      15836.87        12418.92        15390.37
Total                  346   Low            19320.69    32819.78         23026.52        54255.27      15688.23        12295.09        15220.15
                             Net Change       -74.94     -119.10           -67.53         -490.45         33.78          -26.06         -102.72
                             Percentage        -0.38       -0.36            -0.29           -0.89          0.21           -0.21           -0.67

                    TURNOVER                          TRADING VALUE                         MARKET CAPITAL
Current           122,326,360                         6,265,735,588                        6,991,434,929,027
Previous          140,052,610                         6,326,245,694                        7,011,703,997,028

                                                COMPANIES REFLECTING SIGNIFICANT TURNOVER

Company Name                  Prv. Rate  Opening Rate     Closing Rate   Highest Rate    Low Rate            Turnover
Sui South Gas                   43.91       44.00              43.06         44.75         42.40             16,240,000
Pak Elektron                    65.44       65.45              65.89         66.45         64.10             13,311,000
TRG Pak Ltd                     38.75       38.70              38.53         38.99         37.51             10,335,000
Sui North Gas                   30.50       30.60              29.69         30.70         29.60              7,008,500
K-Electric Ltd.                  7.29        7.27               7.28          7.32          7.21              4,483,000
Ghani Gases Ltd XD              29.82       29.23              30.75         31.28         28.76              3,503,500
B.O.Punjab                       9.11        9.10               9.19          9.20          9.10              3,206,500
Pace (Pak) Ltd.                  7.81        7.78               7.78          7.88          7.60              2,869,500
Pervez Ahmed                     2.02        2.04               2.07          2.08          1.99              2,597,000
Silk Bank Ltd                    1.80        1.84               1.88          1.89          1.80              2,409,000

                                          COMPANIES REFLECTING HIGHEST INCREASE/DECREASE IN THEIR RATES

Company Name                 Increased By           Closing Rate       Company Name                Decreased By        Closing Rate

Exide (PAK)                     15.92                  977.92          Hinopak Motor                     54.28             1045.17
Shield Corp.                    14.15                  297.15          Nestle Pak                        50.00             8600.00

                                                           FUTURE CONTRACT
                                TURNOVER                          Plus                       131
Current                        77,292,000                         Minus                       49
Previous                       59,922,000                                                      3

Company Name                         Prv. Rate     Opening Rate     Closing Rate     Highest Rate     Low Rate      Turnover

PAEL-DEC                              66.15           66.00          66.47             68.00            64.60    13,475,000
PAEL-NOV                              65.47           65.00          65.73             66.50            64.00     6,941,500
SSGC-DEC                              44.29           44.32          43.46             45.05            42.66     6,828,000
SNGP-DEC                              30.80           30.75          29.94             31.00            29.85     4,534,000
KEL-NOV                                7.29            7.30           7.24              7.31             7.21     3,437,000

For more information, contact:
S. Munawar Ali
Senir Manager
Public Relations
Karachi Stock Exchange
Tel: (92-21) 111-001122
Fax: (92-21) 3241 0825, (92-21) 3241 5136
Email: inf@kse.com.pk

Pakistan Ambassador designate to Ukraine keen to make efforts for trade enhancement between both the countries

Karachi, November 27, 2015 (PPI-OT): Ambassador designate to Ukraine Maj. Gen. (retd) Ather Abbas has expressed his keenness to make efforts for enhancing trade and investment ties between Pakistan and Ukraine by particularly focusing on connecting the Pakistani traders and industrialists with their Ukrainian counterparts.

Exchanging views during his visit to the Karachi Chamber of Commerce and Industry (KCCI), he said that during his stay in Ukraine as Pakistan’s Ambassador, he will try his best to explore trade and investment opportunities and will strive hard to proactively connect the business and industrial communities of the two countries.

President KCCI Younus Muhammad Bashir, Senior Vice President KCCI Zia Ahmed Khan, Vice President KCCI Muhammad Naeem Sharif, Former SVP KCCI Shamim Ahmed Firpo and KCCI Managing Committee members were present at the meeting.

Ather Abbas said, “It will be my aim to effectively connect traders, businessmen and industrialists of Karachi with Ukraine and KCCI members can feel free to get in touch with me anytime without any hesitation and I will always be there to facilitate them.”

The Ambassador also expressed his resolve to make Pakistan’s Embassy in Ukraine a vibrant platform which can be considered as an extension of KCCI where businessmen and industrialists of Karachi are fully facilitated.

Earlier President of the Karachi Chamber of Commerce and Industry (KCCI) Younus Muhammad Bashir, in his welcome remarks, informed the Ambassador about the overall membership strength of more than 21,000 direct members which makes it the largest chamber of Pakistan, representing all the segments of economy from small traders to leading industrialists.

Referring to Pakistan-Ukraine trade ties, President KCCI pointed out that during fiscal year 2015, trade volume between the two countries stood at around $275 million, of which goods worth around $56 million were exported to Ukraine and its imports from Ukraine stood at $219 million. Although the trade volume was showing rising trend as compared to 2014 but there was a need to further enhance trade between the two countries, he opined.

He was of the view that Ukraine, with its mining expertise, power generation, avionics and aerodynamics, can be a negotiating hub for transfer of technology to Pakistan. One of the biggest grain producers, Ukraine can also transfer its agro-science knowledge for increasing crop yields, besides participating in Public-Private Partnership projects in Sindh and in other provinces for construction of grain silos.

Pakistan can seek Ukraine’s technical expertise in rehabilitating its old power stations to overcome the current power crisis. Furthermore, the country can also help in developing coal-based power generation, he added. He further advised the Ambassador to make efforts for organizing visits of trade delegations between the two countries which would help in furthering the existing trade and investment ties between the two countries.

Pakistani delegations comprising business and industrialists should be facilitated by the Embassy during their visit to Ukraine. They should be provided opportunities to highlight the ground realities pertaining to improved security situation of Karachi which would surely result in attracting Ukrainian investment in Karachi as it offers abundant and very lucrative opportunities to foreign investors, he added.

For more information, contact:
Aamir Hassan
Director Press/Electronic Media and Public Relations
Karachi Chamber of Commerce and Industry (KCCI)
Aiwan-e-Tijarat Road, Off Shahrah-e-Liaquat,
Karachi-74000
Phone: +92-21-99218001-09
Fax: +92-21-99218040
Email: info@kcci.com.pk, secretary@kcci.com.pk
Website: www.kcci.com.pk

Australian High Commissioner asks to increase coordination and networking between Pakistan and Australia for better development of economic sector

Karachi, November 27, 2015 (PPI-OT):Federation of Pakistan Chamber of Commerce and Industry invited the Australian High Commission Ms. Margaret Adamson. The meeting was chaired by Mian Muhammad Adrees, President, FPCCI, along with Maher Alam Khan, Acting Secretary General, FPCCI and Dr. Ayub Maher, Director General, R and D, FPCCI. President briefed that there is a Pakistan – Australia Business Council of FPCCI for mediating the trade aspects between both the countries.

Pakistan and Australia are having a pleasant diplomatic relations since the independence 1947, especially in the sectors of Education and Agriculture. He showed his concern that despite of trade agreements between Pakistan and Australia, the exports / import volume aren’t appreciable in terms of growth analysis although Pakistan offers vast potential opportunities for Australian investments especially in the sectors of energy like hydro power and alternate energy.

He stated that Pakistan is looking for growth in Australian FDIs and Pakistani exports to Australia. He concentrated on having One Country Exhibition from Pakistan in Australia. Maher Alam Khan, Acting Secretary General, FPCCI asked to have ease in visa policy for trade delegations especially for representation in fairs and exhibitions.

Australian High Commissioner Ms. Margaret Adamson acknowledged the warm welcome by FPCCI and having an opportunity for having interaction with the members of FPCCI. She asked to increase the coordination and networking between the both countries for the better development of economic sector. She briefed that both countries are needed to increase on budget and resource allocations for strengthening the innovative sectors and transfer of technology.

She added that as per WTO, both countries have vast facilitation to enjoy the trade ease and regulations. She further added that the two countries in the past have collaborated in talks and actions on joint ventures relating to agriculture, dairy, livestock and mining; Australia provides scholarships to Pakistani students every year to study at higher level in Australia.

She identified the sectors of Education and Agriculture for exchange of resources and to concentrate on having vocational education facilitation by Australia in Pakistan especially in the fields of Agriculture and Information Technology. The meeting was attended by the representatives of Women Chamber of Commerce and Industry – WCCI Karachi (South) including Farida Qureshi, President WCCI; Ghazala Saifi, Senior Vice President, WCCI and Salma Ahmed, Member, WWCI.

For more information, contact:
M. A. Lodhi
Secretary General
Federation of Pakistan Chambers of Commerce and Industry (FPCCI)
B-1, Federation House, Main Clifton Road,
Shahra-e-Firdousi,
Karachi-75600, Pakistan
Tel: +92-21-35873691, 93-94
Fax: +92-21-35874332
Email: info@fpcci.com.pk
URL: www.fpcci.com.pk

Pakistan Credit Rating Agency Limited withdraws entity ratings of Mangla Metals

Lahore, November 27, 2015 (PPI-OT):Subsequent to the decision of the management of Mangla Metals (Private) Limited, PACRA withdraws its entity ratings [Long Term: “BBB” (Triple B) and Short term: “A3” (A Three)] with immediate effect.

For more information, contact:
Hammad Rashid
Analyst
The Pakistan Credit Rating Agency Limited (PACRA)
Awami Complex, FB1, Usman Block New Garden Town,
Lahore – Pakistan
Tel: +9242 586 9504 -6
Fax: +9242 583 0425
Email: hammad.rashid@pacra.com
Web: www.pacra.com

Pakistan Credit Rating Agency Limited withdraws entity ratings of Kohsar Hydro Power

Lahore, November 27, 2015 (PPI-OT):Subsequent to the decision of the management of Kohsar Hydro Power (Private) Limited, PACRA withdraws its entity ratings [Long Term: “BBB” (Triple B) and Short term: “A3” (A Three)] with immediate effect.

For more information, contact:
Hammad Rashid
Analyst
The Pakistan Credit Rating Agency Limited (PACRA)
Awami Complex, FB1, Usman Block New Garden Town,
Lahore – Pakistan
Tel: +9242 586 9504 -6
Fax: +9242 583 0425
Email: hammad.rashid@pacra.com
Web: www.pacra.com