PTCL partners with Google for Tech Mela festival

KARACHI (PR): Pakistan Telecommunication Company Limited (PTCL) has announced a partnership with global search giant Google for Tech Mela, a first of its kind online shopping festival in Pakistan. Pakistan Telecommunication Company Limited has extended its existing partnership with retailer Daraz.pk to offer doorstep delivery for Tech Mela. “Convinced that online commerce in Pakistan is on the rise, PTCL is geared up to enable e-commerce retailers in Pakistan and is also looking at this channel to interact with our customers,” observed Adnan Shahid, Chief Commercial Officer. As the largest ICT service provider of the country, PTCL continues to innovate and bring exciting new products and services for its esteemed customers.

Customers can enjoy this limited time offer on Tech Mela till the 21st of September 2015.

LCCI paid rich tributes to the

security forces

Lahore (Staff reporter): The LCCI Saturday paid rich tributes to the Pakistan Armed forces for their successful operation against terrorists at PAF Base Peshawar saying that such ugly acts of terrorism cannot let the moral of nation down. LCCI President Ijaz A. Mumtaz, Senior Vice President Mian Nauman Kabir and Vice President Syed Mahmood Ghaznavi said that security forces have once again proved that they would not allow the anti-Pakistan elements to take hostage the innocent people. They said that their precious blood would not go waste. They said that whole nation stands united behind the armed forces and would not hesitate in offering any sacrifice to remove the menace of terrorism.

Ijaz A. Mumtaz said that by hindering the attack at PAF base Peshawar, the Pak Armed Forces have made it clear to the world that they have all abilities to confront any sort of challenge. He said that Security Forces and masses are ready to defend every inch of the country.

The LCCI President stressed the need of unveiling those who are helping the terrorists and all segment of society should play their role to this regard.

He said that the government needs to review its policy on terrorism to curb this menace once for all. He urged the government to convene a roundtable of all the political parties and business community to make a consensus policy to cope with terrorism.

FPCCI to hold prestigious 3rd Achievement Award function

KARACHI (INP): The 3rd FPCCI Achievement Awards function is scheduled to be held on Thursday (October 1) at Karachi. President Mamnoon Hussain will be the chief guest of the event. To encourage the outstanding organizations and individuals, FPCCI is organizing “3rd FPCCI Achievement Awards” to recognize their performance carried out during 1st January to 31st December, 2014 and honor the dedicated individuals and enterprises of Pakistani origin who have made sustained and lasting contribution towards economic and socio-economic development of the country to build its image and have, thus rendered all Pakistanis proud and are laudable heroes of Pakistan.

The FPCCI Achievement Awards function is one of the most prestigious events of the private sector that is annually held to recognize the exceptional services of numerous organisations and individuals who have made proud to our country through their valuable contributions and played their role in economic prosperity of our country.

The function is likely to be attended by the Federal Ministers, Diplomats, Bureaucrats, Leading Exporters and Business elites of the country.

Re-rolling mills body elects new office-bearers for 2015-16

LAHORE (APP): Pakistan Steel Re-Rolling Mills Association (PSRMA), in its election 2015-16, elected Khalid Javad as chairman, Dewan Abu Obaida Farooqui as senior vice president, Mian Arif Mehmood as vice chairman Lahore Circle and Akhtar Saeed as vice chairman Karachi Circle. The election results were announced at the Association’s AGM held at LCCI on Saturday. Steel industry leaders and a large number of steel industry businessmen attended the AGM. The Executive Committee members elected for the year 2015-16 are: Dewan Mian M Ashraf, Mian Ahmad Hassan, Asmat Pervaiz Malik and Javed Iqbal Mughal for Lahore Circle while Shahnawaz Ishtiaq, Ghulam Ali Bhatia, Kashif Ayub and M. Iqbal Jafarani for Karachi circle.

Speaking on this occasion, the new PSRMA Chairman Khalid Javed called for downward revision of electricity and gas tariff, adding that energy shortage badly hampered the production of steel re-rolling mills. He urged government to implement an effective strategy to stop power and gas pilferage that hitting the entire steel industry hard and jacking up unemployment graph.

Khalid Javed said, Pakistan Steel Mills Karachi, where from billet of standard quality was obtained, is totally out of picture, adding that in order to meet international standard billet has to be imported and any proposal for change of duties on imported billet must be avoided.

The outgoing Chairman of the Association said that steel industry should be exempted from load-shedding and curtailment of gas, asserting that increase in electricity tariff should be withdrawn for survival of the industry. He also presented a detailed report about the challenges faced by the re-rolling industry during preceding year and the House lauded his services in this regard.

Dollar rebounds after

Fed-induced plunge

NEW YORK (AFP): The dollar bounced back late Friday a day after the Federal Reserve's reluctance to hike interest rates sent it tumbling. The dollar powered up 1.2 percent to $1.1299 against the euro and scored a modest gain on the pound while holding flat against the yen. Most analysts said the US currency overshot the mark Thursday in sinking after the Fed declined again to move off the zero mark for its benchmark federal funds rate. While the Fed said it had its eye on the global economic slowdown and market volatility, it also noted US growth remains solid and generally foresaw a rate increase by the end of the year. The euro meanwhile fell against the yen and pound, as well as the Swiss franc.

, as polls showed leftist former prime minister Alexis Tsipras holding a slim lead over his conservative rival in hard-up Greece.

The results of the poll could determine how the country's third EU bailout program -- which again requires painful reforms -- goes ahead.