Lahore: The Lahore Chamber of Commerce & Industry has invited Defence Export Promotion Organization (DEPO) to organize an exhibition in Lahore on the patron of IDEAS which would help highlight the potential of Pakistan’s defence production industry.
The idea was given at a meeting between Director General Defence Export Promotion Organization (DEPO) Major General Agha Masood Akram, LCCI Senior Vice President Almas Hyder and Vice President Nasir Saeed here at the Lahore Chamber of Commerce & Industry on Monday.
LCCI Executive Committee Members were also present on the occasion.
Major General Agha Masood Akram said that defence production industry of Pakistan has made momentous technological and innovative advancement and a special focus is being given on the export of defence products.
“Pakistan has not only the ability to fulfill its domestic defence requirements but also cater needs of the world,” he said. “International community is surprised over the achievements made by Pakistan in the defence field,” he added.
He informed the participants that as a national platform, DEPO is providing active support to our defence manufacturing/service sector and the export chain through facilitation, coordination and promotion for sustainable growth of defence exports.
PSX: US motion to put Pakistan on a terror financing watch-list lets bears growl all over the bourse!
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).
PSX: Benchmark KSE-100 Index sheds 54 points on week’s 1st trading day!
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).