Governor inaugurates CCBPL water filtration plant

LAHORE (PR): Governor Punjab Muhammad Sarwar, inaugurated a water filtration plant at Saint John’s Boys High School, Youhanabad, which has been set up by Coca-Cola Beverages Pakistan Limited (CCBPL) as part of its social responsibility program. The plant capacity is 2000 liters per hour and can serve over 20,000 people every day. CCBPL has earlier installed a water filtration plant in Malir, Karachi, in partnership with Rotary International Pakistan.

Speaking at the occasion, Director Public Affairs and Communication at CCBPL, Zafar Abbas Jafri said, “In our pursuit of protecting the water resources that sustain communities, this water filtration plant has been built with the humble contribution of CCBPL in partnership with The Clean Water Trust to provide clean and healthy drinking water to the community of Youhanabad.” Keeping alive the mission of CCBPL, more water filtration plants will be installed in other  under-developed parts of the country on a continuous basis.

Mobilink becomes fastest 3G service

LAHORE: (PR) Mobilink 3G customers have reached 1 million mark rendering it as the fasted growing 3G service in Pakistan. Mobilink hit the 1 million mark within 90 days of commercial launch which is the fastest uptake of 3G services of any cellular operator in Pakistan. Mobilink’s 3G services were launched in July this year and continue to provide high-speed internet to customers in 12 cities of Pakistan and counting.

The evolution of Mobilink’s 3G network is a result of carefully designed roll-out plan that makes the best use of 10MHz spectrum while focusing on excellence in customers’ experience. Bilal Munir Sheikh, Chief Commercial Officer Mobilink commenting on the success said; “Reaching the 1 million mark is only the beginning of a delightful journey for our customers and manifestation of our strategic approach towards building an ecosystem of high-speed internet in Pakistan.

PTC contributes Rs 55.8b to govt exchequer

ISLAMABAD (PR): Pakistan Tobacco Company has announced its results for the 3rd quarter of 2014, declaring net turnover of Rs. 27.6 billion, an after tax pofit of Rs. 4.096 billion and an earnings per share of Rs. 16.03. The company has also declared an interim dividend of Rs. 3.

 The company contributed Rs 55.8 billion to the Government Exchequer in the form of duties and taxes which is a 23% increase over the same period last year and is even higher than its net turnover growth of 21%.

TUV Austria gives awards to Millat Tractors

LAHORE (PR): TUV Austria Bureau of Inspection & Certification proudly presents Millat Tractors Limited with ISO 9001:2008 Quality Management System Certification. Millat Tractors Limited is the trail blazer in the manufacture and supply of Massey Ferguson brand of Tractors in the predominantly agrarian economy of Pakistan. A Formal event took place at the Corporate Head Office of TUV Austria Bureau of Inspection & Certification in Lahore where Mr. Rashid Mehr, CEO TUV Austria, presented the certificate to Mr. Ahsan Imran, CEO Millat Tractors Limited.

ISO 9001 is the world’s best-known quality management standard and the most widely used leadership model, based on a philosophy of continuous improvement and preventive measure approach. It is an excellent tool to improve your business and leadership in the organizations. An ISO 9001 certificate endorses that your company is operating effectively in a systematic way to satisfy the needs of your customers. Yearly auditing frequency assures the integrity, development and keeps the certificate valid.

Oil prices firm before weekly US inventories

LONDON (AFP): World oil prices firmed on Wednesday as traders eyed recent upbeat Chinese data before the latest weekly update on commercial crude inventories in top consuming nation the United States. However, oversupply and lingering concerns about demand in key markets are capping gains and keeping prices close to multi-year lows. Brent North Sea crude for December won 62 cents to stand at $86.84 a barrel in late morning London deals.  US benchmark West Texas Intermediate for December delivery advanced 20 cents to $82.68 a barrel compared with Tuesday’s close. The oil market had fallen heavily last week, striking multi-year low points on demand fears in the face of mounting global economic doubts.

However, crude futures have since recovered somewhat, aided by stronger-than-expected Chinese economic growth and oil demand data.

Added to the picture, crude demand is expected to increase during the upcoming northern hemisphere winter months, when heating fuel usage hits a peak.

“The strong selling pressure last week has at least faded considerably,” said Commerzbank analysts in a note to clients.

“The latest figures on China’s oil demand have proved better than expected, which together with most of the US economic data being positive has eased concerns about demand.

“As winter approaches in the northern hemisphere, we should see the usual seasonal increase in demand for oil,” they added.

Oil prices had risen on Tuesday on better-than-expected data on Chinese growth in the third quarter, especially a pickup in industrial output.

China’s third-quarter economic growth rate came in at 7.3 percent, the lowest pace in five years, but faster than many analysts had expected.

That supported prices because China is the world’s second biggest oil consumer after the US.

Later on Wednesday, at 1430 GMT, the US government’s Department of Energy will publish its oil inventories report for the week ending October 17.

Crude oil reserves are forecast to have risen by 3.1 million barrels last week, according to analysts polled by Dow Jones Newswires.

Rising US stockpiles can weigh on oil prices because they tend to indicate weakening demand.

Nevertheless, WTI is still trading close to levels not seen since mid-2012, while Brent remains near to a four-year low.

Crude sank in line with worldwide markets last week on fears about the strength of the global economy as China, Europe and Japan struggle to kickstart growth.

However, bargain-hunting and hopes of looser central bank monetary policies have supported a rebound this week.

Adding to downward pressure on oil prices is a supply glut from increased output of shale in the US, and price-cutting by major producers such as Saudi Arabia.