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Bulls edge out bears, index up 13 points Page 03
profit.com.pk
Tuesday, 27 March, 2012
Water availability takes a nosedive ahead of Kharif season g
Shortage forces IRSA to give 21 per cent estimate for early Kharif ISLAMABAD AMER SIAL
he water shortage in the reservoirs forced the Indus River System Authority (IRSA) on Monday to work out an irrigation plan for the early Kharif season from April 1 to June 10 with an estimated 21 percent instead of the whole season that lasts till September 30. An official source said that the meeting of the technical committee presided over by Chief engineer IRSA, Yasmeen Ihsan, attended by the representatives of provincial governments, Pakistan Metrological Department and Water and Power Development Authority(WAPDA) decided to hold another meeting in early June to decide water releases for the remaining period of Kharif. The source said the decision was unprecedented, as the technical
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committee makes complete assessment and then decides the provinces share. The meeting estimated the total water availability at 15.2 million acre feet (MAF) for the early Kharif period. he said the recommendations of the committee will be considered by the IRSA Advisory Committee on March 30. Since the committee estimated 21 percent water shortage for early Kharif season, it was decided that top priority of the available water will be given for irrigation purposes to timely sow the important cash crops, like cotton, sugarcane and maize. It was decided that complete share of provinces will be released from reservoirs with no consideration for keep enough storage for hydel power generation. The government wanted to raise the water level in the reservoirs to generate more energy as it was facing financial problems in timely
payment of furnace oil supplies to oil companies. The representative of PMD informed the meeting that the temperature was likely to increase in the Northern Areas after April 15 and overall water inflows will start increasing from May end. The committee decided to supply 9 MAF water to Punjab, 5.6 MAF to Sindh, 0.4 MAF to Balochistan and 0.2 MAF to Khyber Pakhtunkhawa (KP) respectively till June 10, 2012. The water shortage will be shared by Punjab and Sindh as Balochistan and KP are exempted. It is important to mention that the experts have been stressing upon the government to increase the water storage by rapidly developing new reservoirs and modernizing the 165 years old canal irrigation system that wastes about 50 MAF of water, which is incompatible with crop water requirements and is obsolete. Former Chairman IRSA engineer
Fateh Ullah Khan has asked IRSA to take up developing of new reservoirs with the government as Pakistan needs to new water storage for irrigation and hydropower as well as to control floods and silting of reservoirs. he proposes building of unique 35 MAF multipurpose Katzarah Dam in Skardu to store 6 times the storage of Bhasha Dam. It will help generate 10,000 MW hydropower, control super floods in the Indus River, and work as watershed management dam to prevent silt in the Indus water. he also proposes building of 8.5 MAF multipurpose Guroh Dop Dam on Punjkora River to store 3 MAF of its runoff. It will help divert 4 MAF of floodwater in Guroh Dop Reservoir from Chitral River, through 22 km tunnel by building Mikhani Dam and power generation of 1400 MW. This will control floods in Kabul River.
World Bank’s moment of ‘generosity’ g
Pakistan to get $150m loan ISLAMABAD ONLINE
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he World Bank (WB) will provide a credit worth US$150 million as additional financing for the Pakistan Social Safety Net Project aimed at supporting the expansion and strengthening the performance of Pakistan’s safety net system under the Benazir Income Support Program (BISP). The agreement was signed by Dr. Waqar Masood Khan, Secretary, economic Affairs Division on behalf of the Government of Pakistan Rachid Benmessaoud, Country Director, on behalf of the World Bank. Muhammad Sher Khan, Secretary, Benazir Income Support Program (BISP) signed the Project Agreement on behalf of BISP here on Monday. The objective of the project is to support the expansion and strengthen the administration and performance of Pakistan’s safety net with particular focus on the BISP as the national safety net platform. The project consists of the following parts: Under the agreement a National Targeting System would be established and Coverage for the Basic Safety Net System will be expended and Strengthening Safety Net Operations, enhancing the Management, Accountability and evaluation, Developing the Social Protection Policy. “The Government of Pakistan is committed to establish an effective social safety net platform for a well coordinated, effective, and efficient support to the poor families,” said Rachid Benmessaoud, World Bank Country Director for Pakistan. “The project will build on the achievements of BISP in establishing objective targeting system and use of modern technology and third party evaluations for program administration, and will provide avenues to capitalize on this foundation for benefiting the poorest population.” Focusing on results, the project would help finance costs associated with: (i) increasing coverage of basic cash grants to beneficiary families that are identified through the Poverty Scorecard; (ii) introducing coresponsibility cash transfers linked to beneficiaries’ children primary education; and (iii) strengthening operations and management systems within the BISP. The credit is from the International Development Association (IDA), the World Bank’s concessionary lending arm. It carries a 0.75% service charge and 1.25 percent interest rate 5 years of grace period and a maturity of 25 years.
PCRET to install 368 biogas plants in rural areas ISLAMABAD
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APP
AKISTAN Council of Renewable energy Technologies (PCReT) will install 368 Biogas plants in different rural areas by the June 2012 under the project “Development and Promotion of Biogas Technology for meeting domestic fuel needs of rural areas and production of Biocfertilizer”. This project was launched in 2008 through which 2500 family size Biogas plants are to be installed in the country, out of these 2132 plants have been installed and the remaining will be installed by end of financial year 2011-
12. Biogas plant is a device used for converting fermentable organic matter, particularly cattle dung, into a combustible gas (Biogas) and fully matured and enriched organic fertilizer. A typical biogas plant consists of a digester where the anaerobic fermentation takes place, a gasholder for collecting the biogas, the acinput-output units for feeding the influent and storing the effluent respectively, and a gas distribution system. Giving further details, Deputy Director PCReT, Sarfraz Khattak said as per livestock census 2000, there are 46.69 million of animals (Buffaloes, Cows, Bullocks) in Pakistan. In the year 2002-03, the domestic live
stock population was estimated at 23.3 million cattle, 24.8 million buffalo, 24.6 million sheep and 52.8 million goats. he said on the average, the daily dung dropping of a medium size animal is estimated at 10 Kg/per day. This would yield a total of 466.9 million Kg dung per day. Assuming 50% collectability, the availability of fresh dung comes to be 233.45 million Kg/ per day. Thus, 11.67 Million M3 biogas per day can be produced through biocmethanation, he maintained. Since 0.4 M3 gas could suffice the cooking needs of a person per day, therefore 11.67 million M3 of biogas could meet the cooking needs of 29.2 million peoples. The total population of
Pakistan is about 170 million, out of which 70% reside in the rural areas. “We can meet about 30% cooking requirements of the rural masses from this source of energy (biogas) alone. Besides, producing 33.52 million Kg of biocfertilizer per day or 18.6 million tons of biocfertilizer per year, which is an essential requirement for sustaining the fertility of agricultural lands”, said Sarfraz Khattak. Giving details, Deputy Director PCReT said average family in Pakistan consists upon 5-7 members. As per survey, the consumption of various kind of conventional fuel for cooking purpose includes Wood 27.93 Kg/ day, Animal dung 61.66 Kg/day , Charcoal 8.1
Kg/day,Kerosene oil 3.1 Lt/day, L.P.G 1.5 Kg/day ,electricity 25 KWh/day. Deputy Director PCReT said a family size Biogas plant (5 M3) save annually 10056Kg wood or 22200 Kg animal dung or 2940 Kg charcoal or 1104 lit kerosene oil or 540 kg L.P.G or 9000 Kwh electricity. Sarfraz Khattak said completion of this project will help protection of forests, protection of environment and bio diversity, provision of soot-free fuel to meet domestic energy needs, provision of neat and clean atmosphere, protection from eyecataracts and respiratory diseases and also provision of Bio-fertilizer, which is direly needed for the improvement andsustenance of fertility of agri lands.
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Tuesday, 27 March, 2012
news
Wall Street rallies after Bernanke comments g
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AJOR stock indexes were up more than 1 percent in late morning trade with broad gains across sectors. The U.S. economy needs to grow more quickly if it is to produce enough jobs to bring down the unemployment rate further, Bernanke told a gathering of the National Association for Business economics. “Further significant improvements in the unemployment rate will likely require a more rapid expansion of production and demand from consumers and businesses, a process that can be supported by continued accommodative policies,” he said. Jim Russell, chief equity strategist at U.S. Bank Wealth Management in Cincinnati, said Bernanke’s comments reinforced investors’ perception that the Fed’s policy would remain accommodative and possibly include further quantitative easing, or Qe3.
AKISTAN Flour Mills Association (PFMA) North Zone has asked the federal government to immediately withdraw Fuel Adjustment Surcharge from electricity bills of the flour milling industry, otherwise millers would be compelled to jack up flour prices. Addressing a press conference here on Monday, PFMA Chairman Abdul Jabbar Chaudhry indicated that if the government did not paid heed to flour millers’ concern prices of 20-kilogram wheat flour bag could jump up to Rs625. he demanded the government not only to withdraw Fuel Adjustment Surcharge but also the General Sales Tax (GST) from flour milling industry as it was producing basic food product for masses. he warned the government that PFMA would call its executive committee meeting on April 5, in which flour millers
“The mandate of the Fed regarding unemployment has not been fulfilled, and Bernanke is looking under every rock to responsibly fulfill that portion of the mandate,” Russell said. “he continues to leave Qe3 on the table, which will be used on a as-needed basis.” The Jones industrial average was up 134.15 points, or 1.03 percent, at 13,214.88. The Standard & Poor’s 500 Index was up 14.18 points, or 1.01 percent, at 1,411.29. The Nasdaq Composite Index was up 35.56 points, or 1.16 percent, at 3,103.48. The benchmark S&P index fell 0.5 percent last week, a relatively minor decline that was still the biggest weekly slide since the final week of December. Improving sentiment about the pace of economic growth has kept investors piling into equities. The S&P 500 is near its highest point since May 2008, and the has risen for six straight weeks. U.S. pending home sales slid 0.5 percent in February, according to the
National Association of Realtors, confounding expectations for a rise of 1 percent. equities were little impacted by the data, though homebuilder D.R. horton Inc fell 0.6 percent to $15.33. Lions Gate entertainment Corp rallied 3.3 percent to $15 after the strong opening to its film “The hunger Games,” which made $214 million over the weekend globally. Cal-Maine Foods Inc reported thirdquarter that fell from the prior year on rising feed costs, which the company sees persisting through the summer. Shares fell 4 percent to $40.27. BATS Global Markets Inc on Sunday apologized for a system failure that caused shares in its own initial public offering to erroneously trade for less than a penny on Friday and resulted in Apple Inc’s shares being temporarily halted. BATS Chief executive Joe Ratterman called the incident a “devastating moment,” and said the company’s withdrawn IPO was on hold “for the foreseeable future.
Honda’s automobile unit resumes operations in Thailand
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BBC
ATC, a subsidiary of honda Motor, is the last of the Japanese automobile companies to resume production in Thailand after the floods. Toyota Motor and Nissan Motor resumed production at the end of 2011. The floods forced hundreds of Japanese companies to shut operations, adversely affecting their earnings expectations.
LAHORE STAFF REPORT
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Stocks rose on Monday, rebounding from last week’s decline, after Federal Reserve Chairman Ben Bernanke suggested the central bank would continue supportive monetary policies, even as the unemployment rate improves REUTERS
Flour millers whine about fuel adjustment surcharge
earlier this year, honda revised down its operating income forecast for the year ending on 31 March to 200bn yen ($2.4bn, £1.5bn) from a previous forecast of 270bn yen. The honda factory in Ayutthaya has the capacity to produce 240,000 units annually. Limited production: A honda Motor spokeswoman said full production would resume at the hATC unit by the second week of April. Currently
production is at about 12% of capacity. hATC was the only car maker whose factory was completely flooded. honda Motor said hATC is one of its most important production centres in the Asia and Oceania regions. “honda was totally committed to realising the earliest possible recovery. honda will maintain the same positioning of hATC in the future and further promote business operations in Thailand,” the company said.
would decide future course of action and the option to call on strike was also under consideration. PFMA former chairman Asim Raza Ahmad said that the government should provide relief to flour milling industry to ensure easy availability of wheat flour. he said the government had increased wheat support price which would ultimately reflect on flour prices and imposition of fuel adjustment surcharge of flour milling industry would further swell the prices. The schedule of demanding relief from the government is very interesting as the new crop is about to hit markets in the next couple of weeks. The government had already increase wheat support price by Rs100 that is Rs1,050 per maund and industry experts had indicated that wheat flour price would swell by Rs100 per 20kilogram bag once the grinding of new crop would start. Flour millers had started paving the way to increase flour prices by pressing the government.
Going, going, gone…
Parvez Elahi vies to woo the farmers
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ISLAMABAD ONLINE
LAHORE STAFF REPORT
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Pakistani rupee hits record low against US dollar
delegation of All Pakistan Agricultural Industry called on Pakistan Muslim League Senior Central leader and Federal Minister for Industries and Defence Production Ch Parvez elahi at his residence here today and apprised him about the problems being faced by the industry. Delegation was led by Chairman Foundry Owners Group Seth Iftikhar Ahmed and it included Atta Muhammad, Mohammad Sajid, Musawir Saeed, Ameer hussain Seth, Shahnaz Kalsoom and Nasreen Bokhari. PML Punjab General Secretary and Parliamentary leader in the Punjab Assembly Ch. Zaheeruddin Khan was also present. Seth Iftikhar Ahmed said that imposition of 16 per cent sales tax by the Federal Govt. on agricultural implements is very adversely affecting more than five lac families. he said that closure of agricultural implements producing units will badly affect agriculture sector. Ch. Parvez elahi informed the delegation that 16 percent sales tax on tractor manufacturing industry has been reduced to 5 per cent only. The Senior Federal Minister assured the delegation that their problems and grievances and demand for reduction in sales tax will be looked into sympathetically and sincere efforts will be made to resolve them. Ch. Parvez elahi said that our mission is to make farmers prosperous and we will not allow families associated with the agricultural industry to be rendered unemployed.
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AKISTANI rupee hit a record low as it was traded at 91.35 to the dollar in the open market on Monday. Pakistan Rupees rate was in a continue declining trend against US Dollar and other major currencies of the world since the year 2012 started. Most of the analysts were pointing out that the raise of exchange rate on account of oil transactions, when ever Pak rupee forex rate loose its strength against US Dollar rate, The other currencies also get impact with a view of the currency rates in Pakistan from the beginning of Jan, 2012. As per Inter Bank currency rates on Jan 3, the selling rate of Pak Rupee rate against US $ was Rs. 89.8 while the buying rate touched Rs. 89.6. Similarly Rs.116.52 selling and Rs.116.26 against euro exchanges rate.
DGKCC sermons Oracle E-Business suite release 12 g
Move to improve operational efficiency and transform business g Oracle has more than 1100 customers in Pakistan KARACHI
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STAFF REPORT
GKCC, one of the largest cement-manufacturers in Pakistan, has successfully deployed the, a flexible, scalable and reliable global business platform to help improve its operational efficiency, enabling it to automate its management and financial accounting system, reducing the time it needed to compile monthly operating results from 15 days to just three days. “The unique and competitive value that Oracle has provided us in shape of smooth and integrated Procure-to-pay and Order-to-Cash business flows has facilitated us to get various types of real
time information rapidly rather online, which saves a lot of time and money,” said Muhammad Aslam, Chief Information Officer, DG Khan Cement Co. Ltd. “Integrated information provided by the Oracle e-Business Suite Release 12 helps us to make better decisions about purchasing and inventory to run business efficiently.” “Oracle e-Business Suite has a strong footprint in the manufacturing industry and we are delighted that DGKCC has leveraged the most comprehensive suite of integrated, global business applications to further improve their operational efficiency and transform its business with the support of our partners.” said Akkasha Sultan Shaikh, Country Manager, Applications
Business, Oracle Pakistan and South Asia Growth economies – West. “The business benefits being enjoyed by DGKCC is a good example for other key players not only in cement industry but also in other manufacturing industries to follow.” Prior to the deployment of the Oracle e-Business Suite Release 12, the company was using standalone legacy systems for financials, payroll, inventory and sales which were neither automated nor integrated. As a result, reports were being prepared manually at the end of month using manual vouchers. With the help of , DGKCC has now been able to generate daily cement production and power generation reports automatically at midnight as the system consolidates the production
data, dispatches and inventory balances. This enabled DGKCC to increase its efficiency of purchasing activities by helping to enable the company to process more than twice the purchase requests in the same amount of time as compared to its legacy system. Implemented in house by the DGKCC eRP team, and are assisting the organization in generating various management reports efficiently in minimum time and gain more insight and greater value from a range of data sources and applications. Some of these reports have been put online and are being updated automatically after predetermined intervals. DGKCC has also implemented , , and which assist
the management in quick and informed decision-making. AF Ferguson & Company, Platinum member of was chosen to complete the project by DGKCC. Oracle has been operating in Pakistan since 1997. Oracle helps Pakistani businesses, government departments, non-government organizations and education institutions through its local partners, to adopt integrated information technology infrastructures to achieve higher work efficiencies. Oracle has more than 1100 customers in Pakistan, spanning top organizations in the public and private sector. Some of Pakistan’s best organizations run their businesses on Oracle based solutions.
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Tuesday, 27 March, 2012
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news
Bulls edge out bears, index up 13 points
Major Gainers Company
Open
High
Low
Close
Change
Turnover
Unilever Food XD Attock PetroleumXD Linde Pakistan Ltd. ZIL Limited Shahtaj Sugar Mills
1801.00 432.00 94.91 59.87 61.00
1816.00 442.00 98.20 62.86 63.90
1816.00 434.00 95.00 61.24 63.75
1816.00 440.26 97.99 62.86 63.90
15.00 37 8.26 42,310 3.08 524 2.99 12,750 2.90 537
Major Losers Nestle PakXD Colgate Palmolive Fazal Textile Javedan Corporation Clariant Pak XD
4403.09 916.53 238.00 85.95 147.54
4489.00 902.61 238.00 81.66 147.54
4350.00 870.71 226.50 81.66 144.21
8.87 4.56 12.32 3.15 4.30
8.02 4.00 10.98 2.63 3.49
8.87 4.41 11.30 3.08 4.18
4361.83 902.61 226.50 81.66 144.38
-41.26 9 -13.92 20 -11.50 227 -4.29 600 -3.16 1,284
Volume Leaders Azgard Nine TRG Pakistan Ltd. Engro Polymer WorldCall Telecom K.E.S.C.
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STAFF REPORT
he Karachi stock market closed on a positive note on the first trading day of the week Monday. The KSe100 index trading below the 9DMA of 13,286pts, closing above this indicates further upside moves towards 13,500pts, said Abdul Azeem an analyst at InvestCap. The Karachi Stock exchange 100-share index gained 13.44 points or 0.10 percent to close at 13,286.73 points as compared to 13,273.29 points of the previous session. The KSe 30-share index
was down by 13.00 points to close at 11,586.91 points as compared with 11,581.91 points. he added that Pakistan stocks closed higher amid investor interest in second and third tier stocks. The market turnover went up by 14.33 percent and traded 278.010 million shares after opening at 225.97 million shares. The overall marketcapitalization rose 0.69 percent and traded Rs 3.410 trillion as against Rs 3.402 trillion. Gainers beat losers 190 to 119, while 55 stocks were unchanged. According to Azeem, “Index remained in narrow range amid
high volatility on rising political noise ahead of Supreme Court decisions pending in memogate and PM contempt cases. Investors awaited outcome of discussions on foreign policy,” The KMI 30-share was down 4.58 points to close at 22,660.05 points from its opening at 22,664.24 points. The KSe allshare index closed with a gain of 22.55 points to 9,319.95 points as against 9,297.40 points. Azeem stated thatInstitutional interest in bluechip oil, cements and banking stocks on strong valuations played a catalyst role in positive sentiments at KSe. Azgard Nine was volume leader
of the day, 30.895 million shares and gained Rs 1 to close at Rs 7.87, followed by, TRG Pakistan Limited and engro Polymer and WorldCall Telecom with turnover of 24.506 million, 18.840 million and 17.754 million shares respectively. he said that NATO supplies resumption and Pak-US relations ahead of reformed CGT regime implementation from April 1. The Wyeth Pakistan Limited XD and Service Ind XD, up Rs 26.80 and Rs 9.14, led highest price gainers while, Indus Dyeing and Fazal Textile, down Rs 13.63 and Rs 12.00 respectively, led the losers.
7.87 3.99 11.98 2.63 3.49
1.00 30,895,370 0.42 24,506,253 -0.68 18,840,489 0.45 17,754,965 0.69 14,727,160
Interbank Rates US Dollar UK Pound Japanese Yen Euro
90.8001 143.7184 1.0969 120.0378
Dollar East US Dollar Euro Great Britain Pound Japanese Yen Canadian Dollar Hong Kong Dollar UAE Dirham Saudi Riyal Australian Dollar
Buy
Sell
90.80 120.07 143.58 1.0834 90.54 11.51 24.58 24.06 94.53
91.30 121.61 145.38 1.0968 92.20 11.72 24.86 24.35 97.16
CORPORATE CORNER Samsung inaugurates Concept Shop in Karachi LAHore: Samsung electronics, a market leader and award-winning innovator in consumer electronics, and telecommunications, is expanding its network of ‘Samsung Concept Shops’ in numerous cities across Pakistan. A special inauguration ceremony was held on 26th March, 2012, at the new Concept Shop established on the Gulshan-e-Iqbal, Karachi. Samsung’s head of TV/AV division, Mr. hae Duck Lee attended the ceremony as the Chief Guest and addressed the gathering. Mr. Lee said; “The Samsung Concept Shop is a model of the Samsung Retail Brand, from where all retailers can learn and emulate for a consistent branding approach. Samsung is committed to provide the Pakistani consumers with the best retail consumer experience.” PRESS RELEASE
JS Bank, JS Investments join hands for Distribution Partnership
KArAcHi: JS Bank has joined hands with JS Investments for a dedicated Distribution Partnership where JS Investments’ mutual funds will be available at selected branches of JS Bank across the country. This arrangement will provide ease and convenience for the clients who want to invest in JS Investments Mutual Funds and Pension Funds. The Distribution Agreement between the two companies was signed by Mr. Kalim-ur-Rahman, the President and CeO of JS Bank and Mr. Rashid Mansur, CeO, JS Investments. Members of the senior management of both organizations were also present at the occasion. PRESS RELEASE
Habib Metropolitan Bank refreshes its brand identity KArAcHi: habib Metropolitan Bank Limited, a subsidiary of habib Bank AG Zurich, is launching it’s refreshed brand identity. The refreshed brand identity is made most prominent with its new, retail-friendly nomenclature, habibMetro – an abbreviation of the bank’s legal name with the term of reference most often
cited by its customers and replacing the acronym, ‘hMB’. habibMetro now becomes the bank’s name-graphic together with the lion that is making its presence felt across all signage which has been rendered in the bank’s signature green colour. PRESS RELEASE
PTCL stands on the frontlines of social service: Syed Mazhar Hussain iSLAmABAd: Pakistan Telecommunication Company (PTCL) Senior executive Vice President human Resource, Syed Mazhar hussain has said that his organization is fully committed to play its role as a responsible corporate entity for the betterment of society. “As a socially responsible corporate entity, PTCL has always endeavored to stand on the frontlines of social service for the people of Pakistan, whether they are vulnerable groups or affectees of natural disasters,” said Mr. hussain on the occasion of the Annual Sports Gala celebrated by the children of Pakistan Sweet homes to mark Pakistan Day on March 23 rd. PRESS RELEASE
NFEH announces CSR Business Excellence Award 2012 LAHore: National Forum for environment & health (NFeh) announced results of 4th International Summit on CSR 2012 for best performance of 2011-12. This was announced by President NFeh Muhammad Naeem Qureshi during the final meeting of jury held at a local hotel. M. Naeem Qureshi said the award has been instituted to recognize and promote the organizations which make an outstanding contribution for sustainable future through CSR Initiative. The objective of award is to recognize companies and organizations and media for their valuable support for social development. In this year over 87 companies and organization has submitted their nominations. STAFF REPORT
LSE’s Campus Outreach Program for promoting financial literacy LAHore: Lahore Stock exchange held its Campus Outreach Program for the students of BBA here at the National College of Business Administration where LSe’s officials interacted with the students. “Campus Outreach Program” under the broader Financial Literacy Initiative has been launched by the LSe in collaboration with South Asian Federation of exchange (SAFe). The overall objective of the FLI - Campus Outreach Program is to prepare today’s youth for better understanding of the economic/financial affairs affecting them. The LSe under this initiative will be conducting on-campus educational sessions, followed by practical exposure of students to the financial products/services through visits/interactions with financial institutions and encouraging participation in the financial system through games and internship program. PRESS RELEASE
Dr Hilal Hussain Al-Tuwairqi, wins world finance ‘man of the year’ award KArAcHi: Dr. hilal hussain Al-Tuwairqi, Chairman, Al-Tuwairqi holding has been named World Finance’s ‘Man of the Year 2011’ recently. The prestigious award has been given to Dr. hilal in recognition of his outstanding entrepreneurial skills and a track record of developing profitable business ventures. ATh has also been judged as the best company of 2011, in the economic block of Gulf Cooperation Council (GCC). he has over 33 years of experience in strategic planning, administration and business management of various companies, who now with this award joins a prestigious club which includes members like FORD CeO, Alan Mullaly who received the award in 2010. Dr. hilal Al-Tuwairqi is also currently the elected Chairman to the Arab Iron and Steel Union (AISU). STAFF REPORT
PINSTeCh, Islamabad is ranked second with final score of 217.81 while Dr. Muhammad Ashraf, Dean, University of Agriculture, Faisalabad is ranked third with final score of 159.915 respectively. PCST extends heartiest felicitations to all the eligible scientists/engineers for their achievements and best wishes in their future endeavors. PRESS RELEASE
A smart way to save energy KArAcHi: With the use of smart grid technology , electricity can be saved as the country faces acute energy crises. This was said by the speakers during two days seminar, organized by Siemens Pakistan on the topic of ‘Smart Grid Systems and Solutions to optimize transmission & distribution networks in Pakistan”. The seminar was attended by MD PePCO/NTDC Rasul Khan Mahsud, CeO LeSCO Sharafat Ali Sial, CeO IeSCO Javed Pervaiz, General Managers, Chief engineers and officials from NTDC and Distribution companies in Pakistan. Aqeel Ahmed Vice President Smart Grid Siemens Pakistan shared IeA (International energy Agency) report that relates the use of electricity with the economic indicator. he informed the audience that the developing countries have a Increasing demand of electricity but at the same time they also waste a significant amount of its generated electricity in the process of transmission, distribution and inefficient consumption. This wastage can be avoided using the available Smart Grid technologies and can be useful to bridge the gap between demand and supply. he said that Siemens apart from supplying Smart Grid systems and solutions has also developed a phase wise consultancy program to transform the existing power grids to smart grids. ONLINE
Pakistan Council for Science and International Conference on Business Management (ICoBM) to be held at UMT Technology announces finalists for Research Productivity Award
LAHore: The University of Management and Technology (UMT), Lahore, is organizing the 2nd International Conference on Business Management (ICoBM) at its campus on March 28-29, 2012 in association with the Institute of Administrative Sciences (IAS), Punjab University, Lahore, Institute of Business Administration (IBA), Sukkur, University of Veterinary and Animal Sciences (UVAS), Association of Management Development Institutions in Pakistan (AMDIP), higher education Commission (heC) of Pakistan, and The News International. The theme of the conference is =93Business, Society, Science and Technology. PRESS RELEASE
iSLAmABAd: PCST is pleased to announce that the yearly exercise of evaluating research productivity of scientists/engineers according to the internationally accepted criteria of Impact Factor and Citation Index for Research Productivity Award 2011-2012 has been completed. This year 812 scientists/engineers are declared eligible and are placed into seven categories (AG) based on their final calculated scores. Dr. Tassawar hayat, Associate Professor, Mathematics Department, Quaid-i-Azam University , Islamabad topped amongst the productive scientists with the final score of 455.72. Dr. Muhammad Sajid, Senior Scientist,
ISLAMABAD: President Asif Ali Zardari Awarding Hilal-eImtiaz to Chairperson Benazir Income Support Programme (BISP), Farzana Raja in recognition of her untiring and relentless services to the poor of Pakistan through BISP. PRESS RELEASE