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Pakistan has great potential for growth in solar power: US Comm. Counselor Steve Knode

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M. M. ALAM

KARACHI: US Commercial Counselor Steve Knode has noted that Pakistan has great potential for growth in solar power.

He said this while highlighting the significance of Solar Power International (SPI) being held on 10-13 September. SPI is the world’s largest solar power trade show in N. America.

A six-member delegation of Pakistani companies led by US Commercial Service is participating in SPI : “Our initiative to lead a delegation to SPI demonstrates our interest and commitment to showcase best-in-class U.S. technologies that can help Pakistan realize this potential.”

SPI had more than 18,000 industry professionals and 600 manufacturers, service providers and vendors from all over the world.

The participating Pakistani companies will have the opportunity to gain deeper understanding of solar power technologies and business prospects. 

At SPI 2017, USCS will provide the Pakistani delegation with complimentary Expo registration, business-to-business matchmaking services with pre-screened U.S. suppliers, and complimentary use of the International Business Center.

Pakistan will be one of more than 30 international delegations led by USCS.

PS: The United States is Pakistan’s largest trading partner, and in 2016, USCS led more than 200 Pakistani business people to 15 U.S. states to build trade ties between the United States and Pakistan.  These trade promotion events focus on increasing bi-lateral trade between our nations. 

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PSX: Bulls shoo the bears out of bourse on week’s 4th trading day!

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KARACHI: News that Senate elections are going to be held on time despite disqualification of ousted prime minister Nawaz Sharif, enabled bulls shoo the bulls off letting KSE-100 Index close at 43,528 with an escalation of 609 points.

Rs. 9b worth of 190m shares were traded today. Value of the shares of 208 companies augmented, 123 plummeted, while 15 remained stagnant.  Engineering, Cement and Chemical Sectors led the trade today with 27m, 26.6m and 18.4m shares.

Top five traders today were Dost Steels Ltd., 19.36m shares (+3.78pc); Azgard Nine, 16.2m shares (-3.09pc); Lotte Chemical,  10.2m shares (+1.93pc); Fauji Foods Ltd., 7.3m shares (-2.84pc); Matco Foods Ltd., 6.8m shares (+1.08pc).

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PSX: US motion to put Pakistan on a terror financing watch-list lets bears growl all over the bourse!

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KARACHI: Due to domestic political noise alongwith intimation that Pakistan has been given a three-month let-off by an international watchdog over a US-led motion to put the country on a terror-financing watch allowed bear bleed the bourse red that closed at 42,920 shedding 375 points.

Rs. 8.5b worth of 188m shares were traded today. Value of the shares of 177 companies plummeted, 154 augmented, while 18 remained stagnant.

Cement, Chemicals, Food & Personal Care Products Sectors led the trade today with 19.7m, 18.9m and 18.7m shares respectively.

Today’s top five traders of shares were: Azgard Nine Ltd., 15.3m shares (-5.22pc); Lotte Chemical Ltd., 9.5m shares (+1.38pc); TRG Pak Ltd., 9.3m shares (+1.35pc); Dost Steels Ltd: 8.4m shares (+3.18pc); Matco Foods Ltd., 8.1m shares (+5.00pc).

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PSX: Benchmark KSE-100 Index sheds 54 points on week’s 1st trading day!

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KARACHI: The looming specter of FATF meeting in Paris that could result in putting Pakistan on a watch-list enabled bear growl all over the bourse on week’s first trading day.

With a loss of 54 points, benchmark KSE-100 Index closed at 43,573. Rs. 5.1b worth of 126.9m shares were traded today. Value of the shares of 193 companies augmented, 140 plummeted, while 26 remained stagnant.

Food/Personal Care Products, Cement & Communication Sectors led the trading with 19.3m, 14.9m and 12.2m shares respectively. Top five traders of shares today were: Fauji Foods Ltd., 9.8m shares (+4.97pc); TRG Pak Ltd., 7.5m shares (-2.94pc); Matco Foods Ltd., 6.8m shares (+3.19pc); Dewan Salman, 6.6m shares (+3.53pc); Dewan Cement, 5.9m shares (-2.85pc).

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