PSQCA launches crack down

on counterfeit products

KARACHI (INP): Pakistan Standards & Quality Control Authority has launched crack down against counterfeit products in the best interest of consumers and industry. Our Task force teams along with equipped mobile testing laboratory and consumer NGO's representatives, regularly visiting markets, stores, factories and open bazaars, to combat unregistered, counterfeit products.  This was stated by Pir Bakhsh Jamali DG of PSQCA in his speech on occasion of World Anti Counterfeiting Day 2014, jointly organised by Helpline TCEP and Consumer Voice Pakistan (CVP) with the collaboration of Pakistan Standards & Quality Control Authority (PSQCA) here.

Director General PSQCA assured organisers his full support for their efforts against substandard counterfeit products in the country.

"I assure you that PSQCA will not let counterfeiters free or unchecked in Pakistan, fully cooperate with all stakeholders regarding this menace" he said.

Director General PSQCA acknowledged and appreciated organisers for their extra ordinary efforts relating to protection of consumer's rights.


Turkmenistan to export electricity

to Pakistan, other states

BISHKEK (Online): Vice Prime Minister of  Turkmenistan Murad Artykov told about the activities conducted to increase exports of electricity surplus to Pakistan and other countries during the governmental session, the press service of the Turkmen state media reported here on Monday. Thus, rapid construction of substations and high-voltage power lines to the border with Afghanistan will assist to deliver Turkmen electricity to Pakistan, Tajikistan and other neighboring states. In order to increase the volume of exported electricity from Turkmenistan to Afghanistan, Lebap and Mary provinces hold constructions of 9 facilities, including 900 kilometers of five power lines and four substations.

"To date, three 220 kV power lines have been completed. 500 kV Mary, 220 kV Watan and 220 kV Farap power stations have been rehabilitated. Construction of a power transmission line from Mary HPP to Atamyrat will be finished soon," the Vice PM said.



Customs recovers smuggled

goods worth Rs 38 million

MULTAN (APP): Customs Intelligence Multan recovered smuggled goods worth Rs 38.133 million in July 2014.Additional director customs intelligence Multan Nisar Ahmad told APP that the smuggled items seized also included six non-custom-paid vehicles worth Rs 9.5 million.Other items seized included generators, dry milk, carbon, steel rolls, cloth, bicycle parts and diesel.Nisar said that customs intelligence network was being strengthened and expanded adding that a check post was also made operational at Kot Sabzal. He said that Multan Range senior officers themselves inspect Sindh-Punjab and Baluchistan-Punjab routes and the initiative was yielding positive results.



IRSA releases 303,324 cusecs

water from various rim stations

ISLAMABAD (APP): The Indus River System Authority (IRSA) Monday released 303,324 cusecs water for various rim stations with inflow of 361,526 cusecs.  According to the data released by IRSA, water level in the Indus River  at Tarbela Dam was 1548.50 feet, which was 168.00 feet higher than its dead level 1378 feet. Water inflow in the dam was recorded as 218,600 cusecs while outflow was=recorded as 181,900 cusecs. The water level in the Jhelum River at Mangla Dam was 1232.10 feet, which was 192.10 feet higher than its dead level of 1040 feet whereas the inflow and outflow of water was recorded as 33,502 cusecs and 12,000 cusecs respectively. 

The release of water at Kalabagh, Taunsa and Sukkur was recorded as 239,639, 216,579 and 150,0012 cusecs respectively. Similarly, from the Kabul River a total of 51,200 cusecs of water was released at Nowshera and 58,224 cusecs released from the Chenab River at Marala.



World oil prices sharply fall

LONDON (AFP): World oil prices fell sharply on Monday, handing back pre-weekend gains on easing supply worries in both Ukraine and Iraq, dealers said.  US benchmark West Texas Intermediate (WTI) for delivery in September dropped $1.01 to $96.34 a barrel.  Brent North Sea crude for October sank $1.25 to $102.28. The oil market had surged late on Friday after Kiev said that Ukrainian forces had destroyed part of a Russian military convoy that entered its territory. "It became apparent on Friday just how nervously the market reacts to geopolitical risks: reports of the alleged destruction of an armed Russian convoy by Ukrainian troops on Ukrainian territory pushed Brent up by one US dollar," said Commerzbank analyst Carsten Fritsch.

"Over the weekend, the reports turned out to be false, and Brent has shed most of these gains at the start of the week, now trading at well below $103 a barrel again."

News of the shelling sent stock markets tumbling and pushed up oil prices on Friday as investors feared direct conflict could break out between Ukraine and Russia, the world's second-largest oil producer.

Russia said on Monday that "certain progress" was made at Ukraine crisis talks in Berlin between the two countries' foreign ministers and their counterparts from Germany and France.

Investors fear a full-blown military conflict between the two neighbours will disrupt Russian energy exports to Europe, particularly as Ukraine is a major conduit for Russian gas.

Elsewhere, traders eyed easing market concerns over ongoing unrest in key OPEC crude producer Iraq.

Kurdish officials said their fighters, backed by US warplanes, have retaken the country's largest dam from jihadists, as the United States and Britain step up their military involvement.

The recapture of Mosul dam marks the biggest prize yet clawed back from Islamic State (IS) jihadists since they launched a major offensive in northern Iraq in early June, sweeping Iraqi security forces aside.

IS militants, who have declared a "caliphate" straddling vast areas of Iraq and Syria, also came under air attack in their Syrian stronghold of Raqa on Sunday, a monitoring group said.