Daily Archives: January 11, 2018

Pakistan Stock Exchange Limited Market Position on 11-01-2018

Karachi, January 11, 2018 (PPI-OT):


Market Position Printed On Jan-11-2018

Plus 153 Current 21900.20 43395.28 31291.75 73139.53 17016.60 20599.57 21347.56
Minus 221 Previous 22035.21 43630.75 31435.10 73643.90 17099.00 20785.38 21458.46
Unchanged 14 High 22169.11 43824.29 31514.22 74015.73 17279.28 20907.37 21514.21
Total 388 Low 21784.35 43141.39 31134.41 72743.92 16869.58 20570.03 21267.04
Net Change -135.01 -235.47 -143.35 -504.37 -82.40 -185.81 -110.90
Percentage -0.61 -0.54 -0.46 -0.68 -0.48 -0.89 -0.52

Current 319,451,120 13,732,761,847 9,004,556,297,791
Previous 327,761,830 15,574,088,851 9,045,389,800,219


Company Name Prv.Rate Opening Rate Closing Rate Highest Rate Low Rate Turnover
WorldCall Telecom 2.97 3.04 2.90 3.08 2.86 20,584,000
Sui South Gas 33.88 33.96 35.38 35.57 33.41 19,408,000
K-Electric Ltd. 6.92 6.60 6.67 6.75 6.48 18,787,000
Fauji Cement 27.67 27.67 28.03 28.65 27.45 16,896,000
Pak Elektron 56.61 57.20 58.02 58.96 56.41 15,976,500
ewan Cement 23.10 23.50 23.60 23.99 22.45 15,187,000
Dost Steels Ltd. 11.91 12.33 12.21 12.55 12.10 14,963,500
TRG Pak Ltd 32.31 33.01 33.92 33.92 32.61 12,879,500
Aisha Steel Mill 20.77 21.00 20.64 21.14 20.25 12,492,500
Lotte Chemical 8.27 8.25 7.79 8.32 7.75 10,328,000


Company Name Increased By Closing Rate Company Name Decreased By Closing Rate
Rafhan Maize 269.00 7200.00 Shield Corp. 23.72 451.28
Wyeth Pak Ltd 87.81 1844.16 Shezan Inter.XD 17.00 481.00

Current 56,570,200 Minus 21
Previous 57,775,000 Unchanged 0

Company Name Prv.Rate Opening Rate Closing Rate Highest Rate Low Rate Turnover
TRG-JAN 32.41 33.29 34.03 34.03 32.70 14,560,500
PAEL-JAN 56.64 57.50 58.19 59.15 56.46 12,705,500
ISL-JAN 120.56 121.80 121.52 124.47 118.02 6,866,500
FCCL-JAN 27.77 27.68 28.11 28.75 27.46 5,189,500
BOP-JAN 9.72 9.72 9.46 9.86 9.41 3,724,500

For more information, contact:
Senior Manager
Public Relations
Pakistan Stock Exchange Limited
Tel: (92-21) 111-001122
Fax: (92-21) 3241 0825, (92-21) 3241 5136
Email: info@psx.com.pk
Web: www.psx.com.pk

Towel Manufacturers Association of Pakistan hails appointment of Haroon Akhter as Federal Minister for Revenue

Karachi, January 11, 2018 (PPI-OT):We Towel Manufacturers Association of Pakistan hails the timely decision of the Government of Pakistan elevating Mr. Haroon Akhter Khan on the position of Federal Minister for Revenue. Indeed it is in recognition of his acumen and expertise in the revenue and economic affairs.

We look forward to work with the Honourable Federal Minister for securing the way forward for the industry and growth of the economy of Pakistan. We also hail the nomination of Dr. Muhammad Ishrat Husain for the coveted position of Chairman International Monetary and Financial Committee (IFC).

For more information, contact:
Head Office,
Towel Manufacturers’ Association of Pakistan
TMA House, 77-A, Block ‘A’,
Sindhi Muslim Cooperative Housing Society,
Karachi – 74400, Pakistan
Tel: +92-21-34382801-4
Fax: +92-21-34551628
Email: tma@towelassociation.com
Website: www.towelassociation.com

State Bank of Pakistan conducts Open Market Operation

Karachi, January 11, 2018 (PPI-OT):State Bank of Pakistan conducted its Open Market Operation, Reverse Repo (Injection), in following contracts on January 11, 2018. Quotes received and accepted are as given below:


       NO               OMO Tenor                    Range           Number of Quotes Offered

       a           01 ­ Day (Injection)          5.87% - 5.83%                 11

                                                                                     (Rs. in Millions)

                                                                      Rate of Return
                                   Amount             Amount                               Number of
   NO        OMO Tenor                                                  Accepted
                                   Offered            Accepted                          Quotes Accepted
                                                                         (% p.a.)
   a         01 ­ Day              170,000.00         140,050.00          5.84 1/-            10

             Total                 170,000.00         140,050.00

1/- Total amount offered at 5.84% was Rs. 44,000.0 mio out of which SBP accepted Rs. 16,550.0 mio on pro-rata basis.

For more information, contact:
Chief Spokesman,
State Bank of Pakistan (SBP)
Central Directorate
I.I. Chundrigar Road, Karachi, Pakistan
Tel: +92-21-111-727-111
Tel: +92-21-39212562
Fax: +92-21-39212433 – 39212436
Email: chief.spokesperson@sbp.org.pk
Website: www.sbp.org.pk

LPG importers decide to stop LPG import from February 1st, 2018

Lahore, January 11, 2018 (PPI-OT):Chairman/Founder of LPG Industries Association of Pakistan (LPG Chamber of Pakistan) and Chairman LPG Distributors Association Pakistan, Mr. Irfan Khokhar told that LPG importers have made rock solid decision to stop LPG import on February 1st, 2018. Approximately 50000 to 60000 MT LPG is required per month in next 2 months of winters. He said, “Daily 2000MT local LPG production is not much as compared to daily consumption of 5000MT for which 3000MT LPG have to be imported to fill in the gap”. LPG price will shoot up to sky if LPG Import stops. Adding to this, Irfan Khokhar said, LPG will be hardly available at Rs. 300/kg and Domestic Cylinder at Rs. 4000. In 2014 to fill the demand and supply gap, 62117MT was imported which increased to 245578MT in 2015, 513788MT in 2016 and 369877MT in 10 months of 2017.

He further told that only 30 LPG marketing companies have local LPG quota while other 114 out of 144 LPG Marketing Companies are totally depending on LPG Import. Levy Tax on local LPG production was supposed to end the LPG consumer price difference between local and imported LPG instead after imposition of Regulatory Duty on LPG import, this price difference have increased. Up to Rs. 15/kg, local quota holders are filling their pockets with ill money and earning Rs. 30 million on daily basis.

A meeting on instructions of Prime Minister of Pakistan was held in Ministry for Petroleum and Natural Resources which was attended by major local LPG producers and LPG importers. The point was raised about the neglecting of LPG Policy to provide poor LPG Consumers with economic substitute of Petrol/Diesel. LPG Importers said that Rs. 4600/MT and 5.5% advance tax is killing LPG import and would be responsible for ending LPG imports. It was also informed that PARCO violating PPRA rules only allotted the local LPG quota to their favourite companies without bidding. Petroleum Division officials promised to look in to this matter and summary will be sent to Prime Minister for final decision. LPG Distributors will soon announce their reaction in this regards.

For more information, contact:
LPG Industries Association of Pakistan
2-C, Block C, Model Town, Lahore, Pakistan
Tel: +92-42-35856686
Cell: +92-300-8451211, +92-302-8451211
E-mail: lpgindustriesassociation@gmail.com

Bank Alfalah Joins Forces with Aman Foundation to Sponsor a Life-Saving Ambulance

Karachi, January 11, 2018 (PPI-OT):Bank Alfalah Limited, as part of its Corporate Social Responsibility initiatives, has partnered with the Aman Foundation to support their life-saving Ambulance program. The Aman Foundation’s flagship Aman Ambulances have made 900,000+ interventions to date. In Pakistan, only a small percentage of patients use ambulance services in case of emergency. Ambulances also are not equipped with the necessary facilities or staff to handle emergencies effectively. Aman Ambulances carry life-saving medicines and medical equipment, along with trained medical personnel. Bank Alfalah is committed to investing in meaningful causes and working towards a more sustainable future for Pakistan.

CEO Bank Alfalah, Nauman Ansari said on the occasion, “We believe strongly in inspiring change and supporting organisations in order to address the most pressing social problems facing the country. Our strategies are aligned with our vision of enabling people to be able to shape their own paths in life. The Aman Foundation has developed some outstanding programs, and I am confident that they will continue to do so in the future.”

Malik Ahmad Jalal, CEO, Aman Foundation, expressed his gratitude by stating, “I am pleased that Aman’s vision of transforming lives is shared by Bank Alfalah and I thank them for their generosity and investment in providing better healthcare services to the citizens of Karachi via the Aman Ambulance service. It is with the support of likeminded organisations, such as Bank Alfalah, that Aman will be able to serve more people through its life-saving ambulance service.”

For more information, contact:
Head of Corporate Communications
Bank Alfalah Limited
2nd Floor, B.A Building, I.I. Chundrigar Road,
Karachi, Pakistan
Tel: (+92-21) 111-777-786 Ext 2638
Tel: (+92-21) 32423952
Email: salimahshiraj@yahoo.com

Pakistan’s Liquid Foreign Reserves Position

Karachi, January 11, 2018 (PPI-OT):The total liquid foreign reserves held by the country stood at US$20,020.0 million on 05 January 2018. The break-up of the foreign reserves position is as under:-

i) Foreign reserves held by the State Bank of Pakistan: US$ 13,982.5 million

ii) Net foreign reserves held by commercial banks: US$ 6,037.5 million

iii) Total liquid foreign reserves: US$ 20,020.0 million

During the week ending 05 January 2018, SBP’s reserves decreased by US$124 million to US$13,983 million, due to external debt servicing and other official payments.

For more information, contact:
Chief Spokesman,
State Bank of Pakistan (SBP)
Central Directorate
I.I. Chundrigar Road, Karachi, Pakistan
Tel: +92-21-111-727-111
Tel: +92-21-39212562
Fax: +92-21-39212433 – 39212436
Email: chief.spokesperson@sbp.org.pk
Website: www.sbp.org.pk