Daily Archives: January 16, 2018

Samsung launches new Galaxy A8/A8+ and Grand Prime Pro Smartphones

Lahore, January 16, 2018 (PPI-OT):The global leader in technology – Samsung has launched its highly advanced smartphones – Samsung Galaxy A8, Samsung Galaxy A8+, and the Grand Prime Pro-2018 in Pakistan. A glitzy launching ceremony was held at a local hotel in Lahore on Monday, 15th of January, 2018, where the President Samsung EC Pakistan – Mr. Y.J. Kim was the chief-guest, accompanied by many Samsung dealers and distinguished personalities.

The President of Samsung Pakistan – Mr. Y.J. Kim stated that: “With the objective of expanding the Galaxy A8 family, the A8 and A8+ are the perfect mid-ranging smartphones for the consumers. The value of these devices lies in their advanced features and functions that offer more convenience than ever before. The Grand-Prime Pro is enriched with many fascinating technologies, including a Super AMOLED screen that delivers crystal clear viewing, whereby this phone also enjoys great popularity among the Pakistani consumers.”

The A8 has a 5.6 inch touch-screen, while the A8+ comes with a 6 inch touch-screen, comprising of 2.5D glass on the front and 3D curved glass on the back for added durability. These Infinity display screens deliver a crisp HD resolution (1,280 x 2220), to bring out the finest detail, while offering a wide horizontal view and stunning cinematic experience. The ‘Always On Display’ keeps the user informed at all times, as it allows you to view information at a glance without unlocking your phone.

These smartphones are powered by 1.6GHz Octa-core processor and both the devices come with 4GB of RAM. They have an internal storage capacity of 64GB that can be expanded up to 256GB via an external memory card.The ‘Samsung Pay’ feature enables you to complete financial transactions more quickly and easily, using your phone.

For the first time in the Galaxy A series, the Galaxy A8 and A8+ feature a 16MP+8MP F1.9 Dual Front Camera, with an impressive bokeh effect. The ‘Live Focus’ feature allows you to adjust the background blur. 16MP F1.7 rear cameras with low-aperture lenses capture high-quality images in low-light conditions. The Digital Video Image-Stabilization technology eliminates shaky footage, while the camera also offers a hyper-lapse feature to create time-lapse videos.

These devices give amazing power to multi-task swiftly. The Galaxy A8 has a 3000 mAh battery, while the A8+ is powered by a 3500 mAh battery, enabling the phones to perform consistently for many more hours. Both devices have an IP68 rating for water and dust-resistance.

For more information, contact:
Samsung Electronics
Technology Park, 2nd Floor Tower A,
Shahrah-e-Faisal, Karachi, Pakistan
Tel: +92-21-32790281-3
Fax: +92-21-32790284
Website: www.samsung.com

PCJCCI and PBIT motivated for developing an intelligent investment strategy

Lahore, January 16, 2018 (PPI-OT):Mr. S. M. Naveed, President Pak-China Joint Chamber of Commerce and Industry has called for harmonization and coordination among the organizations working for the economic development of the country. It was stated by him while commenting on a collaborative business program concluded the other day between PCJCCI with Punjab Board of Investment and Trade (PBIT). He urged upon the public and private organizations to strengthen networking and initiate cohesive moves for economic development of the country. He hoped that coordination of PCJCCI and PBIT will evolve innovative business strategies to create an investment-friendly environment in Pakistan, he added.

S.M. Naveed mentioned that the recent MOU signed with Punjab Board of Investment and Trade is principally intended to amalgamate the latest information, business statistics, market needs and challenges to chalk out potential areas for investment. The cooperation of PCJCCI and PBIT will help developing an intelligent strategy for enhancing trade and investment and to facilitate local and foreign investors with a special focus on CPEC.

S.M. Naveed asserted that this collaboration will lay down a strong foundation for overcoming the challenges and making Pakistan a more investment-friendly country.We will make untiring efforts to deepen and further expand trade and economic relations through harmonization of standards, visa facilitation to businessmen and promotion of investment avenues in various potential sectors including; textiles, automobiles, real estate, agriculture, chemicals, food processing and pharmaceuticals, said S.M. Naveed.

S.M. Naveed expressed the hope that both Pakistanis and Chinese will equally be benefited by the initiatives taken by PCJCCI and PBIT joint venture. He explicated that PCJCCI is a trade organization and the objective behind the establishment of this platform is to pave way for two-way investments by eliminating hurdles between the business communities of both China and Pakistan. S. M. Naveed expressed deep gratitude to Mr. Jahanzeb Burana, CEO PBIT for his sincere cooperation to enter into a common working pace with a nationalistic approach.

For more information, contact:
Media Manager,
Pakistan China Joint Chamber of Commerce and Industry (PCJCCI)
Mega Tower, 309 – 6th Floor,
Main Boulevard, Gulberg II,
Lahore, Punjab – Pakistan
Tel: +92-42-35777460-02, +92-42-37032203, +92-42-35874353
Fax: +92-42-35777524
Cell: +92-324-4925611
Email: info@pcjcci.org
Website: www.pcjcci.org

LCCI urges political parties not to act as destroyer to the economy

Lahore, January 16, 2018 (PPI-OT):The Lahore Chamber of Commerce and Industry has strongly rejected the protests at busy trade hubs and urged the political parties not to act as destroyer for the economy. In a statement, the LCCI President Malik Tahir Javaid, Senior Vice President Khawaja Khawar Rashid and Vice President Zeeshan Khalil said that economic health of the Pakistan is not good. Country is facing serious economic challenges like discouraging exports, mammoth trade deficit, below the mark productivity and huge debts while businessmen are also being spoiled due to high input cost, delay in refunds and severe competition in the international market.

The situation demands a consolidated action plan to get rid of these issues which are hampering the economic growth of the trade, industry and country but instead of that, politicians are planning to bring more destruction through protests. The LCCI office-bearers said that political stability is the key factors for economic growth. Economic development is not possible without political stability and conducive environment for businesses. They said that it is a matter of concern that since long Pakistan is suffering from political instability that’s why investors remained reluctant to invest in our country.

They said that political uncertainty and irresponsibility is badly damaging the prospects of growth despite the fact that Pakistan has all resources for grooming and economic leader. They said that economy had already faced loss of hundreds billions of rupees in last couple of years and now country has not much to lose at economic front.

The LCCI office-bearers said that anti-Pakistan elements are busy in conspiracies against China-Pakistan Economic Corridor (CPEC). It is need of the hour that politicians and business leadership should act as defence force for the country. They said that Pakistan, at this point in time, is in dire need of stability in policy making and strong institutions and to achieve the very objective, both the politicians and the business leaders would have to join their heads for finding out a common economic agenda.

They said that the leadership of all political parties should join hands for strengthening the economy instead of creating chaos through protests and dharnas. They said that the political leaders should settle issues in Parliament, which is a democratic, and the just forum for this purpose instead of disturbing the business activities and public life through holding sit-ins and rallies. The LCCI office-bearers hoped that political parties would test the temperament of business community through protests and dharnas at the busiest trade hubs.

For more information, contact:
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: +92-42-36368854
Website: www.lcci.org.pk

MoU between PAJCCI and PIJCCI will enhance trilateral economic and social ties between Pakistan, Afghanistan and Iran: Junaid Makda, President PAJCCI

Islamabad, January 16, 2018 (PPI-OT):A Memorandum of Association (MOU) has been signed between Pakistan Afghanistan Joint Chamber of Commerce and Industry (PAJCCI) and Pakistan Iran Joint Chamber of Commerce and Industry (PIJCCI) for enhancing the trilateral economic and social ties across the border. The signing ceremony was conducted in presence of executive members from both the chambers and was executed by Junaid Makda – President PAJCCI, Ijaz ul Haq – Patron-in-Chief PIJCCI and Wali Muhammad, President PIJCCI.

While addressing the signing ceremony, Member Assembly and Patron PIJCCI stated that economic development objectives can only be achieved through trade cooperation in the region Pakistan, Iran and Afghanistan are close neighbouring countries, hence can take ample advantages through the untapped opportunities across the border and this cooperation between Joint chambers can play vital role in creating new business and employment opportunities.

Junaid Makda, President PAJCCI hailed this initiative and reiterated the manifesto of Chairman PAJCCI, Zubair Motiwala that for progressive ties we should segregate politics from economics. Makda further stated that we should forget our differences and focus on promoting mutual commerce based objectives and should make positive strategies that ultimately provides relief to the business community. He urged all the chambers and business community to work in collaboration for stabilizing the economic indicators leading to peace and prosperity across the region.

At this auspicious occasion, it was decided to form a joint coordination committee between both the chambers comprising of 3 members each along with secretaries of the respective chamber which will suggest and work for the betterment of trade and implement the effective strategies for regional integration. It was also agreed upon to organize an exhibition for the business community of three countries. Additionally, it was decided to hold the next meeting of the committee in Peshawar followed by Quetta to cover stakeholders across the country.

Chairman PAJCCI, Zubair Motiwala expressed his gratification and extended the invite to all other chambers and trade bodies to enter the same fold for nourishing collaborative efforts for the overall benefit of the country. At the event,Daroo Khan, Faiz Muhammad, Imtiaz Ahmed, Zia Sarhadi, Faiza, Azra Jamshed, Khursheed Barlas, Shireen Arshad and other designated persons were also present.

For more information, contact:
Pakistan Afghanistan Joint Chamber of Commerce and Industry (PAJCCI)
Tel: +92-21-99218024-7
Fax: +92-21-99218028
Email: info@pajcci.com

Pakistan Stock Exchange Limited Market Position on 16-01-2018

Karachi, January 16, 2018 (PPI-OT):


DAILY STOCK MARKET REPORT

Market Position Printed On Jan-16-2018

COMPANIES KSE KSE-30 KSE-100 KSE-ALLSHR KMI-30 BATi OGTi PSX-KMI
POSITION INDICES INDEX INDEX INDEX INDEX INDEX INDEX INDEX
Plus 227 Current 21753.28 42939.68 30847.34 72515.14 17038.74 20616.58 20944.94
Minus 115 Previous 21360.34 42347.49 30565.08 71427.78 16714.04 20213.84 20797.77
Unchanged 15 High 21855.95 43145.80 30995.08 72965.37 17109.04 20728.72 21124.33
Total 357 Low 21343.00 42324.20 30553.66 71427.78 16657.71 20213.84 20797.77
Net Change 392.94 592.19 282.26 1087.36 324.70 402.74 147.17
Percentage 1.84 1.40 0.92 1.52 1.94 1.99 0.71

TURNOVER TRADING VALUE MARKET CAPITAL
Current 160,883,230 7,222,331,365 8,880,483,866,694
Previous 130,479,990 5,818,620,189 8,801,137,871,243

COMPANIES REFLECTING SIGNIFICANT TURNOVER

Company Name Prv.Rate Opening Rate Closing Rate Highest Rate Low Rate Turnover
P.I.A.C.(A) 5.35 5.74 5.72 6.00 5.52 15,752,500
Faysal Bank 23.72 23.65 24.19 24.90 23.65 11,661,500
Dewan Cement 21.30 20.75 22.32 22.36 20.70 8,475,000
TRG Pak Ltd 31.25 31.15 31.50 32.37 31.00 7,797,500
WorldCall Telecom 2.81 2.88 2.80 2.91 2.79 7,018,500
Sui South Gas 32.56 32.50 33.28 34.18 32.50 5,948,000
Aisha Steel Mill 18.99 18.76 19.34 19.75 18.70 5,927,000
Fauji Cement 26.35 26.80 26.49 27.30 26.32 5,871,500
Azgard Nine 13.97 14.01 14.26 14.48 14.01 5,462,000
Dewan Motors 35.06 34.00 33.84 36.49 33.50 5,452,000

COMPANIES REFLECTING HIGHEST INCREASE/DECREASE IN THEIR RATES

Company Name Increased By Closing Rate Company Name Decreased By Closing Rate
Bhanero Tex. 41.97 881.95 Nestle PakistanXD 399.98 10500.02
Pak TobaccoXD 39.92 2132.65 Sanofi-Aventis 52.85 1342.01

FUTURE CONTRACT
TURNOVER Plus 109
Current 36,000,500 Minus 8
Previous 33,685,500 Unchanged 1

Company Name Prv.Rate Opening Rate Closing Rate Highest Rate Low Rate Turnover
TRG-JAN 31.38 31.20 31.47 32.49 31.05 14,578,500
PAEL-JAN 53.39 54.00 54.64 55.64 53.85 6,293,500
ISL-JAN 110.03 111.09 113.80 115.40 111.00 3,469,500
FCCL-JAN 26.45 26.50 26.57 27.30 26.46 1,632,000
DGKC-JAN 137.87 138.00 140.07 143.99 138.00 1,391,000

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

PEOC-2018 to be held on 20th January

Islamabad, January 16, 2018 (PPI-OT):After the successful organization of PEOC-2016 and 2017, PEOC is being organized once again in Karachi on 20th January 2018. This Conference is being organized by all the Four Associations which are related to Edible Oil / Oilseed and Soap Industry, namely, PVMA, APSEA, PEORA, and PSMA. This Conference is indeed a showcase which represents the entire Industry and is attended by the entire local Industry as well as leading overseas players.

In this Conference leading and most renowned Speakers of the World do present their present their papers and analyse the market directions. All the leading Brands of Pakistan put up their stalls to showcase their products. Since the import volume of Edible Oil and Oilseeds are growing and have touched the unprecedented level of 3.00 million tons each for the calendar year 2017, the timing and significance of this Conference is very much pertinent.

Since the import volume is going up, Pakistan need to cater the logistics requirement so as to avoid the storage and distribution problems. The local Industry players will have great opportunity to interact with their overseas associates and also with the Associations who represent the Malaysian and Indonesian suppliers. This Conference also recognize the leading players who are the highest importers and exporters of Edible Oils / Oilseeds and their role is appreciate by giving them Awards.

For more information, contact:
Chairman,
Pakistan Vanaspati Manufacturer Association (PVMA)
PVMA Secretariat Office, House No. 386, Street No. 11,
I-8/2, Islamabad, Pakistan
Tel: +92-51-4437597, +92-51-4440772
Fax: +92-51-4440773
Email: info@pvma.com.pk
Website: www.pvma.com.pk