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Kh Saad tells a news conference Inside Pages: Monday Provinces asked #2: Who will be the next governor of Sindh? January 23, 2017 #3: ABAD to hold int'l expo in Islamabad Rabi-us-Saani 24 to depute guards #4: Terrorism in digital age Vol#10 Issue# 142 on rail crossings #5: Market seesaw as mutual fund rule changes Pages 12 Rs 12 See Page# 12 #7: Pound limps away from frantic week higher KARACHI EDITION
Economic Indicators Forex Reserves (13-Jan-17) $23.191bn TOP NEWS::::AUSSIES SCORE 86-RUN VICTORY TO SEAL ODI SERIES AGAINST PAKISTAN Inflation CPI% (Jul 16-Dec-16) 3.88% Exports (Jul 16 - Dec 16) $9.91bn Imports (Jul 16 - Dec 16) $24.40bn Imran slams PM for spending 'Rs12 billion for self-promotion'; Trade Balance (Jul 16 - Dec 16) $(14.49)bn Pakistan would 'change' over whatever the SC verdict would be Current A/C (Jul 16-Dec-16) $(3.59)bn Remittances (Jul 16-Oct-16) $7.87bn Foreign Invest (Jul 16-Dec-16) $628.1mn Revenue (Jul 16 - Dec-16) Rs 1,452bn Foreign Debt (Sep 16) $74.64bn Domestic Debt (Nov 16) Rs 14,645bn Nawaz will lose Repatriated Profit (Jul 16-Nov 16) $802mn LSM Growth (Nov 16) 8.02% GDP Growth FY16 4.70% Per Capita Income FY14 $1,386 Population 193.90mn Portfolio Investment premiership if SCRA(U.S $ in million) Yearly(Jul, 2016 up to 19-Jan-2017) -431.49 Monthly(Nov, 2016 up to 19-Jan-2017) -49.74 Daily (19-Jan-2017) -16.25 Total Portfolio Invest (13-Jan-2017) 8,329 Qatari prince's NCCPL (U.S $ in million) FIPI (20-Jan-2017) -7.34 Local Companies (20-Jan-2017) 1.57 Banks / DFI (20-Jan-2017) -3.02 RAWALPINDI: Chief of the Army Staff General Qamar Javed Bajwa visited Parachinar, Kurram Mutual Funds (20-Jan-2017) 2.84 letter proved lie Agency.-ISPR photo NBFC (20-Jan-2017) 1.79 Local Investors (20-Jan-2017) 3.03 Crowd told premier would not walk away safe in corruption case; Announces to set up APS at Parachina Other Organization (20-Jan-2017) 1.98 Saad Rafique still working as a Minister despite 18 rail accidents PM Nawaz Global Indices KASUR: Chairman of Pakistan Index Close Change Tehreek-e-Insaf (PTI), Imran Says Sheikh Rashid urges OPs to COAS hails support KSE 100 49,364.83 351.01 Khan has claimed on Sunday that Nikkei 225 19,137.91 65.66 Prime Minister (PM) Nawaz No 'Naya Pakistan' as play role in of tribal brethren in Sharif would lose his premiership Hang Seng 22,885.91 164.05 if letter of the Qatari prince is Sensex 30 27,034.50 274.10 proved a lie in Panama Leaks case. long as PM in place development combating terrorism, SSE COMP. 3,122.83 21.53 "Pakistan is finally changing. End KASUR: Awami Muslim League (AML) leader Sheikh Rashid LONDON: Prime Minister FTSE 100 7,198.44 10.00 days of the corrupt rulers are draw- has on Sunday said that 'Naya Pakistan' is impossible unless Nawaz Sharif on Sunday urged sacrifices for peace See # 1 Page 11 overseas Pakistanis to play role Dow Jones 19,882.79 27.26 ing near. For the first time in the his- PARACHINAR: Chief of brethren in combating terrorism public gathering in Kasur. the corruption case. in progress of Pakistan. tory of Pakistan, an incumbent Army Staff (COAS) General and acknowledged their sacri- Subscribe now While conversing with presi- prime minister is being interrogated Khan addressed the party sup- He vowed to the participants Qamar Javed Bajwa Sunday fices for peace. Tel: 92-21-35311893-6 in the Supreme Court on corruption porters and assured that the pre- that PTI was to come in power in dent of PML-N chapter in UK, Fax: 92-21-35388427 lauded the support of tribal See # 4 Page 11 Email: editor@ thefinancialdaily.com charges," he said while addressing a mier would not walk away safe in See # 2 Page 11 See # 3 Page 11 2 NATIONAL Monday, January 23, 2017 Karachi Mayor Women football to go to court against Sindh players need government
KARACHI: The matter of eduction: Romildo decentralisation of powers has caused issues between KARACHI: The Football there. gize Women Football Club Karachi Mayor Waseem Coach namely Romildo Brazilian Football Coach in the title of Brazilian Akhtar and Pakistan Sanches visited the People's Romildo Sanches said the Player "Marta" and also People's Party (PPP) led Party Stadium including the players of Karachi have full appreciated to inaugurate Sindh government. Marta Women Football talent, and if the facilities the tournaments and According to sources, Club, on invitation of are provided to them with enhancement of football Waseem Akhtar has decid- Foundation United Soccer sufficient coaching, they game. The president of ed to knock court's door Academy, where he shared will achieve a good status at "Marta Women Football after the lack of coopera- important techniques and the international level. Club Rais Khan in his tion from government of efforts to 50 players of Diya The women players need address on the occasion Sindh. The Muttahida Women Football Club and the football education. He said: "We are carrying out Quami Movement (MQM) also conducted practice to further told that we want to efforts to enhance the foot- Pakistan leader has braced them, says a Press release. work out in Pakistan in ball game in spite of less for a war in court as he is Test cricketer Younus School, Colleges on Grass- resources and the running 3 not being given enough Khan, the Secretary General Root level to enhance the tournaments a year. He said powers by provincial gov- of Sindh Football game of football. The foot- in these tournaments valu- ernment according to him. Association Rahim Bux ball grounds and academies able clubs of Karachi will It was reported that KARACHI: Mayor Karachi Waseem Akhtar talking to Chief Executive Officer Mohammad Ali of Famco Baloch, the Chairperson are in less quantity therein participate. Karachi mayor will file a Diya Women Football Club, for which the talents of Later, Raish Khan has Instruments at his stall during a visit to a three-day Textile Machinery Brand Expo Global Textile case in court in the coming Sadia Sheikh, coach Qurat- women players are deprived awarded the memorable Exhibition at Expo Center, Saturday. days after consulting with ul-Ain, Sohail Aga, Zafar to use their efforts and skills. shield to Coach Romildo Baig and other were present He announced to ener- Sanches. legal experts about the local body powers issue. The mayor of Karachi Quaid's vision relevant in Waseem Akhtar has also started to ask support from other political parties in Sindh on the matter of local terms of constitutional government powers. He is expected to soon call an all parties conference for the matter. - NNI supremacy: Ayesha Jalal KARACHI: Prof. Ayesha Prof. Ayesha Jalal said nario. and wisdom. Traffic chaos Jalal, noted historian and that since last almost 70 While giving answer to "At that time there were Director, Center for South years, there is still a a question asked by a stu- many prominent leaders hits Karachi Asian and Indian Ocean debate in Pakistan that we dent of SMIU she said in Bengal, Punjab, Studies Tufts University should have democracy or that Quaid-i-Azam Bombay and other parts KARACHI: Tens of thou- Medford, Massachusetts, dictatorship and or secu- Muhammad Ali Jinnah of undivided India, but sands of commuters are USA, has said that the lar state or religious state. was a real ambassador of Quaid-i-Azam stuck in different parts of vision of Quaid-i-Azam She was of the view that Hindu Muslim unity, but Mohammad Ali Jinnah, KARACHI: President Marta Women Football Club, Rais Khan presenting Karachi due to massive Muhammad Ali Jinnah is Jinnah was firm believer leaders of Congress Party who belonged to a small shield to Brazilian Football Coach, Romilda Sanchez on his visit to People's traffic jams being wit- relevant today in terms of of constitution, rule of Nehru and Patel were province of Sindh and a Football Stadium, Lyari. nessed in the city. constitutional supremacy, law and federation with against it. Talking about minority community of According to reports, social justice, and peace- legitimate rights to the Mohandas Karamchand Agha Khani, became sole there are massive traffic ful coexistence. federating units. Jinnah Gandhi she said that he spokesman of rights of gridlocks in Saddar, She said this while expressed his clear vision most actively played his Muslims in subcontinent. Who will be the next Gulistan-e-Johar, Rashid delivering a lecture on in his speech delivered in political role up to 1920s. It proves his honesty, Minhas Road, University "How Relevant is Jinnah's the Constitutional Earlier, Dr Muhammad leadership qualities and Road, Tariq Road, MA Vision in Today's Assembly on 11th August Ali Shaikh, Vice political consciousness," governor of Sindh? Jinnah Road, Shahrah-e- Pakistan," organized by 1947 about the Pakistan's Chancellor of SMIU in Dr Shaikh said and added Faisal and National Sindh Madressatul Islam future status. his welcome speech that today, the country KARACHI: The federal However, insiders claim asked him to take a new Highway. University (SMIU) at the She said that Jinnah was thanked the guest speaker needs to act upon the government has started that a certain group in the oath under the Provisional Many ambulances are courtyard of SMIU's not in favour of division Prof. Ayesha Jalal and ideals of the founder of deliberations for appoint- ruling Pakistan Muslim Constitutional Order stuck in the traffic while Main Building. of Punjab and Bengal, but said that she is one of the Pakistan Quaid-i-Azam ment of new governor League-Nawaz (PML-N) is (PCO) following which the many vehicles have run out Prof. Ayesha Jalal said Akhil Bharatiya Hindu great historians of our Mohammad Ali Jinnah Sindh after the death of lobbying for military regime forced him of fuel. that Jinnah was one of the Mahasabha, leaders of time with reference of her and that is the only way Justice (Retd) Saeeduz Mushahidullah Khan. to step down from his posi- Many passengers missed great Muslim leaders in Congress like Jawaharlal historic work on Quaid-i- to bring the country on Zaman Siddiqui who While one more name is tion. their trains as they could British Era, and was Nehru and Vallabhbhai Azam Muhammad Ali the path of progress and remained in the office for going rounds in the govern- PML-N during the 2008 not make it to railway sta- believed in constitution Patel were in favour of Jinnah. development. barely two months. ment circles - General presidential election of tions in time. and democracy. division of Punjab and Talking on Quaid-i- The lecture program Siddiqui, 79, passed (Retd) Tariq Wasim Ghazi. Pakistan named Siddiqui as According to traffic offi- "As the nations are Bengal. Azam Mohammad Ali was attended by digni- away due to respiratory Before being elevated as a party candidate to replace cials, massive turn out at needed heroes, likewise Prof. Ayesha Jalal said Jinnah, Dr Muhammad taries, diplomats, promi- problems and chest infec- governor Sindh, Justice Pervez Musharraf as Karachi Eat Festival, which tion. (Retd) Siddiqui held top President of Pakistan. He is under way at the historic Muslims of subcontinent that the equal representa- Ali Shaikh said that nent academicians and According to sources, the judicial offices during his later lost the election to Frere Hall, has contributed found their hero in the tion was given to the although he was not Deans, chairperson, sen- government has couple of professional career. Pakistan People's Party's to the traffic jams on Shara- name of Jinnah," she said provinces in Senate in the belonging to an affluent ior faculty, staff mem- names in consideration for He was Chief Justice of (PPP) Asif Ali Zardari. e-Faisal, Saddar, Cant and added that Jinnah constitution of 1973, but class, living in 2 bed bers and students of the post of governor - Pakistan during the mili- Justice (Retd) Siddiqui was Station and surrounding made his unique place in in later years many apartment along with his SMIU. On this occasion Muftah Ismail and Khwaja tary coup by General once again selected for as a areas. the polity of subcontinent changes were made into nine member family in Prof. Ayesha Jalal also Qutab. The names of these (Retd) Pervez Musharraf in presidential candidate during Reports are coming in despite facing odds. He it, which changed original Wazir Mansion, but got visited Jinnah Museum two candidates are current- 1999. Justice (Retd) 2013 elections, but his name that Rangers have arrived at was anti-colonial nation- shape of the constitution. his prominent place in the along with Dr ly under discussion at the Siddiqui had defied to mil- was later replaced with many places to help end the alist. She said this great Therefore, today is con- politics of subcontinent Muhammad Ali Shaikh President House. itary ruler Musharraf who Mamnoon Hussain. - NNI traffic chaos. - NNI man must be honored. fused constitutional sce- through his sheer struggle and other guests. - NNI METRO MATTERS
Hu Zhang, chief executive officer of the Chinese experts, academicians and Regulators discussed how this Jiujiang, Mufti Irshad Ahmed Aijaz, Chairman Shariah Manzar Naqvi Financial Futures Exchange, said the strategic deal was sector can capitalize on growth opportunities stemming Supervisory Board, Bank Islami, Muhammad Nasir Ali completed after over eight months of negotiations and it from CPEC and related projects. Syed, and Dr. Muhammad Imran Ashraf Usmani, Group PSX and China was now off to a good start. Ahmed Ali Siddiqui, Director, CEIF hoped that this Head Product Development and Shariah. Governor State Bank Ashraf Mahmood Wathra, forum will provide food for thought on how to further sign SPA for 40 Chairman SECP Zafar Hijazi, PSX chairman Muneer make CPEC a strategic asset for Pakistan. Kamal, PSX divestment committee chairman Shehzad Dr. Farrukh Iqbal, Dean and Director, IBA said that the Nigar Film Awards Chamdia and former PSX chairman Arif Habib also work of the World Bank has essentially been related to per cent strategic spoke on this memorable occasion while this prestigious long term financing - funds are lent for thirty plus years ceremony was well attended by top-notch corporate sec- for development purposes. Since CPEC is a development revived with a bang equity tor of Pakistan, Chairman AKD group Aqeel Karim project, Islamic finance is very critical for long term Dehdhi was prominent among the guests. development of finance. after a long hiatus! Irfan Siddiqui, President & CEO Meezan Bank said that China is the largest spender on International Forum on tourism and if 1% of the tourism money - which the Chinese spend worldwide is invested in Pakistan than that amount will be Unlocking Islamic greater than all the income earned by the tourism industry in Pakistan Finance Potential in Saeed Ahmed, Deputy Governor, State Bank of Pakistan said that the size of the CPEC and Beyond global Islamic finance industry is also approximately Rs. 2 trillion now. The right way to finance projects under the CPEC- ports, roads, motorways - is not from com- During the reported week mega event of Pakistan's mercial banks, but from specifically corporate sector was the prestigious ceremony arranged designed products by Islamic banks such as Ijara. by Pakistan Stock Exchange (PSX) to mark the signing Shanaz Ramzi of Starlinks PR and a Committee mem- of the Sale and Purchase Agreement (SPA) of 40pc Dr. Nadeem Javaid, Chief Economist, Government of Pakistan, Ministry for Planning, Development and ber of Nigar Award announced the dates for the strategic equity stake of PSX, with a Chinese consortium 47thNigar Awards in prestigious and crowded press con- and local financial institutions. The consortium had won Reform said that there are four main components of CPEC: Energy, Infrastructure Development, Economic ference during the week at a local hotel. This is sched- by placing the highest bid of Rs 28 per share for 320 mil- uled to take place in Karachi on March 16, 2017. On this lion shares at the total price consideration of Rs8.96 bil- Incentives and Industrial Cooperation. The second session was based on the theme 'CPEC occasion also showed a showreel, which traced the jour- lion. Highest bidder, The consortium were the Chinese ney of Nigar Awards through these seven decades. Financial Futures Exchange Company Ltd, Shanghai Opportunities for Islamic Finance Industry', with some of the key topics being infrastructure development, trade These awards, which had been the sole representative Stock Exchange, Shenzhen Stock Exchange, and two of the country's film awards for nearly seven decades and local partners Pak-China Investment Company and finance and spillover opportunities in the cement, steel The Centre for Excellence in Islamic Finance (CEIF) had been initiated by (Late) Ilyas Rashidi, the founder of Habib Bank Ltd. and energy sectors. The panelists were Maj. Gen. (Retd.) of IBA organized an International Forum on 'Unlocking Dr. Zahir Shah, Irfan Siddiqui, Dr. Nasir Afghan, IBA Nigar Weekly, have now been revived by his son, Aslam Federal Finance Minister Mohammad Ishaq Dar was Ilyas Rashidi. the Chief Guest on this occasion. He expressed the hope Islamic Finance Potential in CPEC and Beyond' during Faculty, and Li Xiaoxin (David), Deputy CEO of In this prestigious, beautiful and decent ceremony var- that the decision by the Chinese consortium to venture the reported week at IBA City Campus. The China- Industrial & Commercial Bank of China Limited. The ious senior artist and experts of film industry like into Pakistan's capital market would bring benefits to Pakistan Economic Corridor (CPEC), often called a session was chaired by Dr. Nadeem Javaid. both sides. 'game-changer' in this region, primarily consists of $45 The third session was based on the theme 'Financing Mustafa Qureshi, Ghulam Mohiyuddin, Saood, Kashif Chinese Ambassador to Pakistan Sun Weidong opined billion worth of domestic infrastructure projects planned CPEC Opportunities for Islamic Finance Industry'. The Warsi, MD Nigar Awards, Fahad Sherwani, show direc- the occasion marked a new step in all-round cooperation by the government of Pakistan. IBA-CEIF, initiated in panelists were Junaid Ahmed, CEO, Dubai Islamic Bank, tor and various other artistes expressed their views on between the two countries. 2015 has done remarkable work; among all 3 centers in Mr. Syed Samar Hasnain, Hasan A. Bilgrami, President this occasion. He said It is a win-win situation for both sides, and Pakistan, it is the most active. & CEO Bank Islami, Mirza Saleem Baig, Head, Islamic Aslam Ilyas Rashidi, the flag-bearer and custodian of hoped that the partnership would assist in financial inte- In this Forum, the effects and impact of CPEC on the Banking, Habib Bank Limited and Dr. Sulaiman Liu Nigar Awards spoke about his father and his personal gration, investment financing and generate credit for Islamic Finance industry in Pakistan were analyzed, Jiujiang, Senior Partner & Co-founder, Al Sadiq commitment to this project. CPEC. He said it comes at a significant moment when since it provides a great opportunity for the industry to Consulting. Celebrities from the world of showbiz also present at we are pushing forward CPEC to deepen cooperation channelize excess liquidity into innovative financing The fourth session based on the theme 'Product Need the occasion were then requested to come to the stage and sustainable development in China-Pakistan all- instruments. High profile panelists representing the gov- Assessment'. The speakers consisted of Amir Ali, SEVP and air their views. They all laud the efforts of Rashidi weather friendship. ernments of Pakistan and China, Islamic Finance and Group Head, Meezan Bank, Dr. Sulaiman Liu and offered him their full support. NATIONAL 3 Monday, January 23, 2017 Facility to test stents' quality not available: Lab officials 6 of a family killed as train 40 substandard stents rams into car recovered, company's near Gojra GOJRA: At least six of a family were killed on Sunday when a passenger office in Lahore sealed train rammed into a car at LAHORE: Drug Federal Investigation cedure of testing stents. an unmanned railway Regulatory Authority Agency (FIA) had Sources at FIA also crossing in Gojra. (DRA) of Pakistan on exposed a wicked mafia in revealed that the Punjab The horrible accident Sunday recovered 40 sub- provincial capital of Drug Testing Laboratory occurred when a car driv- standard stents during raid Punjab which was responded by revealing er attempted to pass the on the sales office of involved in sale of fake that the facility to test railway track through an multinational company stents to heart patients and stent quality is not avail- unmanned crossing near and sealed it on spot. fraudulently extracting able in laboratory and the Gojra's Chak No 93 GB. Meanwhile, an inquiry money from them. quality of instrument used It is reported that six committee comprising of CJP has also taken in angiography cannot be persons, including a director quality and direc- notice of fake stents tested as well. woman and a child, were tor medical devices has implantation. It has also been revealed in the car when it was KARACHI: Former Justice Lahore High Court Shabbar Raza Rizvi presenting his book to Vice Chancellor been constituted by DRA Sources at Federal in the answer that the smashed by Shalimar of SZABUL Justice (Retd) Qazi Khalid Ali on the occasion of dinner hosted by the former. Former Justices to probe matter of coun- Investigation Agency quality testing facility is Express. Nadeem Azhar Siddiqui and Munib Ahmed Khan are also seen in the picture. terfeit stents. (FIA) revealed on Sunday not even mentioned in Rescue teams have Cases will be lodged that Punjab Drug Testing authentic books. reached the spot and dead against those using sub- Laboratory was asked to The answer by Punjab bodies of victims are Mohsin Sheikhani and Islamabad Mayor sign MoU Scholarship standard stents, said reply over the matter of Drug Testing Laboratory being shifted to the hospi- spokesperson of DRA sale of sub-standard has been deemed unsatis- tal. program for while Ministry for stents. factory by FIA and Earlier on January 6 of ABAD to hold int'l National Health Services It has also been reported requested the federal gov- this year, as many as 8 termed usage of spurious that the laboratory offi- ernment to make further people including five minority stents as a crime. cials were asked to pro- investigations in this school-going children It may be recalled that vide details about the pro- regard. - NNI were killed when a train community rammed into motorcycle expo in Islamabad rickshaw at Lodhran rail- ISLAMABAD: The Mohsin further said that to explore housing opportu- KARACHI: Sindh way crossing. - NNI Association of Builders & in every 13 days, ABAD is nities. Minorities Affairs Developers of Pakistan contributing one new home The Mayor of Islamabad, Department has 8 killed as (ABAD) announces country in Karachi by using modern Shaikh Ansar said that the announced scholarship largest real estate and con- technology. He confidently property rates in federal program for intelligent vehicle struction expo 2017 on claimed that ABAD has all capital are very high and and needy students of March 24-26, 2017. A large the resources and capacity that is why common people minority community of number of national and to fulfill the gap in housing cannot afford reasonable the province. plunges into international industry lead- sector, provided federal as housing. He announced that Official of Sindh ers from real estate and con- well as provincial govern- on the directions of Prime minorities department deep ravine struction sector will exhibit ments announce sound and Minister Muhammad said on Sunday that that it their products and services sustainable policies for the Nawaz Sharif, the is the priority of the gov- BUNER: At least eight in the exhibition to be held real estate, construction and Islamabad district govern- ernment to provide quality people were killed and at Pak-China Friendship allied sectors. ment is also planning to education to all the stu- two other injured when a Center Islamabad, says a Mohsin said that a large start low cost housing dents irrespective of their passenger vehicle plunged Press release. number of foreign investors schemes in Islamabad. He religion and cast. into a deep ravine in Jabo In this regard, Mohsin want to invest in Pakistan's assured that the Capital Scholarship forms have area of District Buner on Sheikhani, ABAD Chairman real estate sector but due to Development Authority been issued and students Sunday. signed Memorandum of taxes and uncertain policies (CDA) will provide every can get it from their According to official Understanding (MOU) with and security situation, opportunity to ABAD to schools, colleges and uni- stakeholders. Mayor of investors are reluctant to participate in these versities. - NNI PESHAWAR: Governor Khyber-Pakhtunkhwa Engr. Iqbal Zafar Jhagra sources, the vehicle was going from Chogarzai to Islamabad, Shaikh Ansar invest in Pakistan. He point- schemes. enquiring about the health of injured of Parachinar blast during his visit to was chief guest of the occa- ed out that the federal and Shaikh Ansar also CMH, here Saturday. - APP photo Sawari area of Buner. Seven modern The injured have been sion. provincial governments announced to construct a shifted to Daggar Addressing to ceremony, have different property rates expo center in Islamabad locomotives Hospital, Buner. - NNI Mohsin Sheikhani said, which cause frequent fluc- for which the district gov- "We have planned to con- tuation in prices. He sug- ernment is locating a suit- arrive from US Nepal's former AG struct one hundred thousand gested that the Federal able site. He assured his full PEF launches low cost houses in Board of revenue (FBR) cooperation to ABAD and Islamabad to meet the coun- should announce equal tax its members in resolving KARACHI: The first expansion try's growing need for hous- rates on property across the their problems and to facili- consignment of seven visits Pakistan ing". He said that currently country. tate them. modern locomotives out Pakistan is facing shortage He asked all stakeholders Former FPCCI President, of 55-locomotive import- ISLAMABAD: Nepal's South Asian Countries" South Asia, with the aim phase 8 of its ed from United States former attorney general in Islamabad. of connecting the region. of 12 million houses. to join hands to make Abdur Rauf Alam said that ABAD have capacity to efforts to provide maximum its fortune that Abad has reached at Karachi port on Dr. Yubaraj Singh is on a The talk, to be chaired Dr. Yubaraj Sangroula new program Sunday. visit to Pakistan, where by former foreign secre- is former attorney gener- build new houses on mini- housing facilities in afford- planned an expo for mum rates, he added and able rates to commoners. Islamabad that can be an Talking to Radio he will be delivering lec- tary Inam ul Haq, is host- al of Pakistan, with deep Pakistan, Pakistan tures on issues around ed by Pak Institute for insight of regional LAHORE: The Punjab seek help and assistance of He expressed his expecta- excellent opportunity for Education Foundation federal government and tion that the upcoming expo the business community as Railways Public Relations regional situation to Peace Studies, an affairs. He has interest in officer said these locomo- international law to crim- Islamabad-based think- South Asia countries and (PEF) has launched the administration of Islamabad will be a good opportunity well as people of Islamabad expansion phase eight of tives will be handed over inal justice system. tank. has written on Nepal- in this regard. for the people of twin cities and Rawalpindi. its New School Program to Pakistan Railways offi- According to a state- During his stay in India relations in particu- (NSP). cial on Monday. ment issued on Sunday, Pakistan, he will meet lar. According to a state- The official said these his first public talk is several academics, dis- He presently serves as ment, the purpose of this Parachinar traders locomotives are 4000 scheduled for today cussing about the possi- the executive director of expansion is to extend the horsepower and will also (Monday) on "Changing bility of extending coop- Kathmandu School of opportunity of free school he use to the deliver the Regional Scenario and eration among think- Law, a renowned law education to more deserv- coal to Sahiwal Power Cooperation among tanks and academics in school in Nepal. - NNI ing students in all the dis- shut shops, mourn Plant and remaining 48 tricts of Punjab. locomotives are expected The NSP is public pri- to be handed over to the vate partnership-based Pakistan Railways this Govt taking steps to programme of free school bomb blast victims year. - NNI education for the needy PARACHINAR: Traders smashed crates and push- and Al-Qaeda militants to students in remote and closed their shops in carts. flee across the border. Bakhtawar far-flung areas of the Parachinar on Sunday to Ikramullah Khan, a senior Army launched an opera- enhance production province. protest a deadly bomb government official in tion in June 2014 to wipe orders Pitafi Under this program, attack in vegetable market a Parachinar, told that the out militant bases in north- to apologise PEF provides monthly fee day earlier. blast was caused by an IED western tribal areas and of engineering sector and text books to the part- All business centres will (improvised explosive bring an end to a bloody to Sahar nering schools students. - remain closed throughout device) hidden in a veg- insurgency that has cost ISLAMABAD: The mobile products. It also includes support NNI the city today. etable box. thousands of civilian lives Government has taken a New Entrant Policy for to local industry through At least 25 people were Prime Minister Nawaz since 2004. It has conducted KARACHI: Pakistan number of steps to Motorcycle Industry is international organiza- killed and more than 30 Sharif expressed grief over a series of military offen- People's Party (PPP) leader enhance the production of presently under review to tions to provide assis- FIR against injured when a bomb the latest loss of life, his sives as well as concerted and daughter of Asif Ali the engineering sector in make it more effective to tance in technical and exploded in a crowded veg- office said in a statement. efforts to block militants' Zardari, Bakhtawar Bhutto the country. promote investments with non-technical issues aim- five lawyers etable market in Parachinar Kurram is one of sources of funding. has tweeted asking Imdad According to details, new technologies. ing to enhance the pro- city, the capital of Kurram Pakistan's seven semi- Last year the country Pitafi to apologise from Automotive The measures include duction of the engineer- involved in tribal district on the Afghan autonomous tribal districts recorded its lowest number PML-F leader Nusrat Sahar Development Policy revisit of Free Trade ing sector. border. which are governed accord- of killings since 2007 when over his offensive remarks in Sindh Assembly. 2016-2021 is being Agreements and Besides, the aerial firing Video footage from the ing to local laws and cus- the Pakistani Taliban was The incident occurred on implemented aimed to Preferential Trade agree- Government has already site showed chaotic scenes toms. formed. Friday when a bitter misun- attract investment for ments in consultation announced zero load- FAISALABAD: Police with people running and Pakistan's battle against But the remnants of mili- shouting in panic and vic- militancy began in 2004 tant groups are still able to derstanding between the installation of new auto- with domestic manufac- shedding for industrial on Sunday reluctantly two resulted in harsh motive plants and revival turing industry to boost sector to enhance the pro- lodged First Investigation tims strewn in front of veg- after the US-led invasion of carry out periodic bloody etables shops among Afghanistan forced Taliban attacks. - NNI exchange of words. Pitafi of closed down units in trade competitiveness duction of the domestic Report (FIR) against threw indecent comments, automobile manufactur- and promote manufactur- industry including the lawyers who resorted to calling her 'drama queen'. ing for increasing auto- ing industry. engineering sector. - NNI heavy aerial firing after NA Speaker Ayaz Sadiq says in an interview He accused Nusrat Sahar District Bar Association of seeking media attention (DBA) elections in when she asked the Faisalabad. Can't be a bigger lie Minister for Works and However, no arrest has Services to read out ques- yet been made in the inci- tions in English. dent that created a lot of Bakhtawar Bhutto panic among the people. than India calling Zardari tweeted, "Yes must According to the details, apologise absolutely unac- lawyers opened aerial fir- ceptable behaviour & total- ing after winning the elec- ly against ethos of our party tions of District Bar Kashmir inseparable that has been led by the Association. strongest of women #PPP." Bilawal Bhutto also took Punjab Chief Minister LAHORE: National were clearly a huge chal- united on the Kashmir issue notice of the incident and Shahbaz Sharif took Assembly (NA) Speaker lenge before the incumbent and Pakistan was raising its ordered the Sindh MPA to notice of the incident after Sardar Ayaz Sadiq has said United States government. voice for the Kashmir issue apologise from Pakistan that there cannot be a bigger He said that it is time for on every global forum. it was aired on a private Muslim League Functional TV channel. lie than India calling international community to He added that Pakistan Kashmir inseparable. implement the United has always been in favour leader, which he did. Sindh Under the directions of CM Murad Ali Shah Shahbaz Sharif, heavy In an interview, he told Nations (UN) resolutions. of dialogue with India but that a resolution against Ayaz Sadiq said that India India has always remained expressed disappointment contingents of police Indian brutality in the occu- calling Kashmir inseparable reluctant. "We feel that on the matte earlier. cordoned off the build- pied Kashmir was expected was a lie bigger than Kashmir is the biggest issue On the other hand, Nusrat ing of DBA and filed in NA on February 6. Himalaya and the people of between the two countries Sahar Abbasi has said that RAWALPINDI: President College of Physicians & Surgeons Pakistan (CPSP) case against five nomi- Ayaz Sadiq said that the Kashmir must get their right and it is definitely linked she has not accepted Pitafi's Professor Dr. Zafarullah Chaudhry addressing press conference, along with nated lawyers among 35 human rights violations in to self-determination. He with the global peace", he apology and wants a resig- Professor Dr. Muhammad Shoaib Shafi, here Sunday. - APP photo people. - NNI the Indian Held Kashmir said that all Pakistanis were said. - NNI nation instead. - NNI 4 Monday, January 23, 2017
The Financial Daily International Editor-in-Chief: Azfar Ashary Consumer financing getting greater Editor: Shakil H Jafri Executive Editor: Manzar Naqvi Resident Editor (Islamabad): Munawar Naqvi Editor-at-Large: Muhammad Arif importance in Islamic banking Honorary Advisory Board unemployment and the Islamic Banking year. It has increased to 14 percent in this fiscal year is strong enough to keep industry which is based on the principle 2016 from 9 percent some 5 years ago. up growth trend in overall consumer Tariq Iqbal Khan, FCA Amir Abbas Ashary of exploitation free financial services can Deposit base of Islamic banks in financing even if auto loans face a weak- Haseeb Khan, FCA Nuzaira Azam (U.S.A) play a landmark role in poverty allevia- Pakistan has increased by Rs300 billion er demand in near future Asim Abbas Ashary, CPA Prof. Zakaria Sajid (KU) tion from the society. in the quarter ended June 30, 2016. Banks have little excuse to let consumer The primary objective of the Islamic The deposit base has increased by finance grow less because economic Dr. A. Hadi Shahid, FCA Hasan Raza Jaffary banking is not confined to maximizing almost 22 percent to Rs1, 626 billion in growth is expected to pick up pace, mega S. Muneer Hussain Rizvi Ismat Sabir profit but to support the poor and down- the quarter ended June 30, 2016 from housing projects are coming up and Head office trodden people. Rs1, 336 billion in the quarter ended urbanization and public better lifestyle is Mohammed Arifeen The Islamic Banking gives a sense of March 31, 2016. creating demand for consumer finance. 111-C, Jami Commercial Street 11, Phase VII, DHA Karachi satisfaction to the customers that it is free The rapid growth has been the key rea- Bankers say that an increase in housing Telephone: 92-21-35311893-6 Fax: 92-21-35388428 here is a greater demand for con- from Ribah or interest yet it costs even son behind the growing number of loans seen during this fiscal year is strong URL: www.thefinancialdaily.com Email Address: [email protected] sumer financing in Islamic bank- more than the conventional banking prod- Shariah compliant banks in the country. enough to keep up growth trend in overall Ting in the country that is evenly ucts. Besides, a number of conventional banks consumer financing even if auto loans Lahore office distributed amongst rural and urban areas. The absence of cordial attitude or giv- have also opened Shariah compliant face a weaker demand in near future. 24- Peshawar Block, Fortress Stadium, Lahore According to survey Islamic banking is ing relaxation to the worthy cases gives a branches over a period of time. The recently announced auto policy Telephone: 92-42-6675595 Fax: 92-42-6664349 higher amongst retail (95 percent) than different picture of what the Shariah Currently 22 Islamic banks are opera- can in the short run, see a fall in con- Email Address: [email protected] businesses (73 percent). Compliance emphasis which is generally tional in the country. Additionally, 17 sumer financing because only a small Islamic banking in rural areas and in known as free from exploitation. This conventional banks were also operating section of people using imported cars low income brackets has relatively limit- calls for some modification to broaden Shariah compliant branches. seek auto loans. ed access to financial services. This the base for Islamic banking in Pakistan. Consumer financing has seen an In the long run, when there is a grad- Terrorism in depicts a chance for developing Islamic In this context Governor State Bank increase in the last two fiscal years prima- ual rise in imports of expensive cars microfinance in rural areas. encouraged the industry to focus on rily due to a big jump in auto loans and to and when local auto industry absorbs In Pakistan the branchless banking research and development to develop some extent in mortgage finance. the policy shock or new auto units have no doubt played a pivotal role in innovative financial solutions that can Banks had made net consumer financ- come up, there will be a surge in con- extending the banking facilities in the meet needs of growing clientele of ing of Rs31.2 billion in fiscal year 2014 sumer financing. digital age most part of the country but even then a Islamic banking industry. and Rs31.3 billion in fiscal year 2015. Auto loans make a large part of con- bulk of the population in far flung and Islamic banking industry has estab- This was equal to 10.5 percent and 17.3 sumer financing and since the new pol- This is for the first time that a former Army Chief of rural areas has no access to banking lished its place in international and local percent of their net lending of Rs298 bil- icy is aimed at balancing the protection Pakistan has been invited to speak at the forum. Gen Pervez finance in Pakistan. market, the industry should bring it closer lion and Rs180 billion to private sector level enjoyed by local assemblers and Musharraf (Retd) had also addressed the forum but in his Due to lack of Shariah compliant to the key objectives of Islamic economic businesses (PSBs) in the last two fiscal encouraging cheaper imports and entry capacity as head of the state. The invitation extended to investment portfolios in Pakistan the system; transparency, social justice and years respectively. of new car makers, it is but natural for Islamic Bank must utilize the huge accu- equitable distribution of wealth. In the first seven months of this fiscal banks to examine this policy from their Raheel Sharif by the forum is itself an acknowledgement of mulated funds with the Islamic banking Islamic banks are growing at twice as year, banks made Rs4 billion worth of net business point of view. the successes achieved by Pakistan while fighting different industry. fast as conventional banks in Pakistan and housing loans against Rs14 billion auto Bankers point out that in spite of a terrorists groups including those sponsored by foreign states. Consumer Finance was the major prod- they have conquered half of the consumer loans. good growth in housing and auto loans, Raheel Sharif served as the 15th COAS of Pakistan from uct of the conventional banks in 2005-07 financing market. Restoration of peace and order in overall consumer financing in the fis- when the mark up rate was somewhere in Most people in search of car and home Karachi is encouraging real estate devel- cal year 2015 remained weaker than in Nov 29, 2013 till November 29, 2016 and carried out a the region of 6 to 7 percent that attracted financing were opting for Islamic banks opers to offer new housing schemes for fiscal year 2014 due to decline in loans successful operation Zarb-e-Azb in North Waziristan a huge demand for consumer finance spe- as their first choice. Islamic banks are different categories of middle income for purchase of consumer durables and against terrorists. General Sharif retired as one of the most cially in the real estate, automobile enjoying more than 50 percent market groups. personal loans made to individuals. popular military figures among all leaders of the armed financing, home loans and even personal share in car and home financing in the Till the end of the last fiscal year in Consumer financing via credit loans . country. June 2015, net new housing loans totaled cards is also gathering impetus with forces since the foundation of Pakistan in 1947. He was The consumer finance offers a great Dubai Islamic Bank Pakistan market about Rs1bn. Against this, net auto loan- net financing volumes having risen quoted by various renowned journalism outlets in the opportunity to the Islamic banking which share in all segments was improving ing, which makes up the bulk of con- by Rs1bilion each in fiscal year world as the most powerful military leader of Pakistan. He operates on interest free model. noticeably every year. The market share sumer finance, stood close to Rs10 bil- 2014 and fiscal year 2015 and by also shed light on the issues related to humans' rights. In Pakistan is confronted with a frighten- of Islamic banks in all segments is lion. Rs1.1 billion in the first seven ing issue of high rate of poverty and increasing by 1 percent on average every A surge in housing loans seen during months of fiscal year 2016. his speech he shed light over Pakistan's efforts against ter- rorism and sacrifices rendered by the countrymen and the soldiers. He said strict action becomes crucial where sol- diers are beheaded a reference to brutal tactics employed Iran: ascendant power by the militants against Pakistani soldiers. The former Munir Akram Karzai as Afghanistan's president. Whatever their antecedents, the nuclear consequence of the Aleppo defeat may be army chief let it out that terrorist were taking advantage of Iran's adroit diplomacy was on full dis- deal and America's tactical alignment to drive these 'moderates' into the arms of digital means of communication and called for the world t is remarkable that, despite three play during the long and complex negoti- with Iran's goals in Iraq and Syria have IS and Al Qaeda. powers to cooperate to wed-out extremism. decades of extensive Western ation of the nuclear deal with the six created an unprecedented strategic diver- Iran has sought to intensify Saudi Pakistan's former army chief Gen (retd) Raheel Sharif said Iembargoes and sanctions, Iran has major powers. A joint comprehensive gence between the US and Saudi Arabia Arabia's pain through discreet support to not only managed to avert 'regime change' understanding, once endorsed by the UN and its GCC allies. Far from being the the (Shia) Houthis in Yemen who, in the world needs to build a narrative against terrorists. but has emerged today as the dominant Security Council, secured relief for possible target of US military strikes, coalition with former president Saleh, Speaking at a debate on "Terrorism in Digital Age" on the power player in West Asia and the Middle Tehran from the most onerous UN and Tehran has emerged as an informal US have expelled the Saudi-supported gov- sidelines of World Economic Forum in the Swiss resort of East. Iran has done so through national Western sanctions while preserving its ally in the region. Officially sponsored ernment of president Hadi from Sana'a. resilience, ruthless action, deft diplomacy technological infrastructure, essential to Shia militias are triumphant after Aleppo So far, the Saudi-led Arab coalition has Davos, he said intelligence sharing was imperative for defeat- and good luck. acquiring nuclear weapons capability if it and the recent battles around Mosul, been unable to defeat the rebel forces ing the menace of terrorism. There had been a significant Iran's resilience was amply demonstrat- chose to do so in the future. while extremist Sunni entities (IS, Al despite a massive bombing and military decrease in terrorism in Pakistan. Previously there were 150 ed during the long and murderous Iran- Iran's ascendancy owes a lot to good Qaeda) are outlawed and 'moderate' campaign by the 'Arab coalition'. Riyadh incidents per month, within three years the Pakistan army had Iraq war and its unyielding endurance of fortune, mostly in the form of America's groups face defeat in Syria and exclusion now faces a direct threat on its northern multiple Western embargoes and sanc- strategic errors. US military interventions in Iraq. and southern borders. brought the figure down to a single digit. He hoped to see the tions. removed two of Tehran's regional adver- Fortune has continued to smile on Some commentators believe the new first year free of such incidents. The former army chief said Tehran's ability to take ruthless action saries: the Taliban in Afghanistan and Tehran. Russia's confrontation with the US president will scuttle the Iran nuclear the future of Pakistan and Afghanistan was linked and against adversaries has been equally Saddam Hussein's Sunni-led regime in US over Ukraine and Crimea has rein- deal as desired by hawkish Republicans Islamabad desires peace in the neighboring country. He demonstrated, such as its creation of Iraq. Both were replaced by Iran's friends: forced Moscow's de facto alliance with and Israel. Indeed, Trump's impromptu Hezbollah in Lebanon; alleged recourse to the Northern Alliance in Afghanistan and Iran. The use of Russian air power and positions may revive tensions with Iran. warned terrorists can act quickly due to the existence of dig- 'terrorist' attacks; support for the 'Northern Shia parties in Iraq. special forces, combined with Iran's But his nominees for secretary of state ital platforms. The world needs to join hands and learn to Alliance' in Afghanistan against Mullah Western blunders continued during the Revolutionary Guards, Hezbullah and and defence have expressed a preference react quickly too. General Sharif emphasized the importance Omar's Taliban; sponsorship of the three Obama era. A major Western objective in Shia militias, have tipped the civil war in for keeping the Iran nuclear deal alive. main Iraqi Shia parties during Saddam sponsoring the mainly Sunni revolt favour of Assad. The US and its allies Trump also wishes to join Russia to fight of intelligence sharing as a very important component of the Hussein's rule; and financial and political against Hafez Assad's Alawite regime in failed to either adequately support their IS rather than Assad in Syria. This would strategy to combat terrorism. He pointed out Pakistan's chal- assistance to Shia groups everywhere. Syria was to cut off Tehran's direct land proxies or to oblige them to make prag- bring US policy in sync with Iran's prior- lenges in the shape of three million Afghan refugees on its Tehran's determination is matched by access through Iraq and Syria to Lebanon matic compromises with Damascus and ities. US-Iran relations may thus turn out soil, a porous 2,400-kilometre long border, and tribal link- its deft diplomacy. and to Hezbollah, the only credible direct its patrons. to be less turbulent than currently antici- Iran's determination is matched by its military threat to Israel. However, the Iran has also benefited from the sharp pated by Western and Arab analysts. ages. He pointed to the possibility that the west could face deft diplomacy. Although it did not direct- ensuing Syrian civil war saw the resurrec- differences between Turkey and the US However, Iran is unlikely to be power- cyber terrorism in the future and urged the international com- ly support the Mujahideen insurgency tion of Al Qaeda in Iraq, rebranded as the over Western support for the Syrian and ful enough to impose its dominance over munity to sit together and develop a counter-narrative system. against the Soviet invasion of Islamic State, which challenged both Iraqi Kurds in the fight against IS. West Asia and the Gulf. It will be chal- He underlined the need for a resolution of the Kashmir and Afghanistan, Iran insisted on an influ- Iranian and Western objectives in Iraq and Turkey's strategic aim is to prevent a con- lenged from within and outside the ence-sharing arrangement with Pakistan Syria. solidated Kurdish enclave on its borders region, generating further strife and insta- Palestine issues to ensure peace in the world. Most of what after the Soviet withdrawal. Iran History may offer a clearer explanation with Syria and Iraq, which could link up bility. A new security order should be General Raheel Sharif said in Davos is true. There are some expressed public support for the Kashmiri why IS emerged, almost overnight, as with Turkey's Kurdish insurgency. evolved through dialogue by the regional areas that require further thinking. Foremost is the rehabilita- insurgency when it erupted in the 1990s, America's primary enemy in Syria. Ankara's suspicions about the US have states, an order that assures the security until it secured several important conces- Conspiracy theories abound. Did the been exacerbated by Washington's and territorial integrity of all regional tion of refugees and internally displaced persons in the areas sions from India. After 9/11, despite offi- secret US-Iran talks held over two years alleged support to the Gulenist coup states. It is in Pakistan's interest to take of military operations. Here, the military is playing the vital cial antipathy, Iran cooperated with the in Oman cover only the nuclear issue, or against President Erdogan. Turkey has the lead in promoting such an equitable role in a disturbed situation. He recalled that militant raid on US in utilising the Northern Alliance to was an understanding also reached on made the best of a bad situation by join- collective security arrangement. - Army Public School in December 2014 proved to be a turn- oust the Taliban and, at the Bonn Syria and Iraq? In any event, tactical mil- ing Russia and Iran in imposing a cease- Courtesy: Dawn Conference, Tehran convinced the itary coordination between the US and fire in Syria, which implies the survival of ing point in country's drive against militancy when entire Northern Alliance warlords to accept the Iran has existed for sometime in Iraq and the Assad regime and the sacrifice of the The writer is a former Pakistan Pakistani nation stood up against terrorism. Pakistan contin- then powerless but Pakhtun Hamid may have been extended to Syria. 'moderate' Sunni rebels. One unintended ambassador to the UN. ues to face in its fight against militants. Raheel Sharif who led counter-insurgency campaign at home said that when action against these groups is taken in Afghanistan, they come to Pakistan and when action against them is taken in Pakistan Putting America first? Think again they move to Afghanistan. He said in the face of military Aakar Patel The third promise is the most inter- with technology. Manufacturing is this unrest. Whether it is the Patidars actions, terrorist groups move to Afghanistan and vice versa. esting one because we are often told moving back to America but it is in Gujarat, the Jats in Haryana, the While agreeing with the panelists how dangerous the terror- merica's presidential candi- that the real subject of elections in labour-less manufacturing. Marathas in Maharashtra, the main ism is in the digital age, Gen Raheel said, "It's not only a can- dates usually talk of three America is jobs and the economy. In America, there has been plenty of demand is of blue collar work that things: changing Trump's vote base is white men with time for those who have been in blue gives a respectable living wage. This cer, it's a deadly cancer." A Washington, putting America first blue collar jobs. This means those collar families to receive the benefits is impossible today and such jobs will According to Lt-Gen Talat Masood (retd), a senior defence and putting Americans to work. people who work with their hands. of high wage labour. To some extent never be available on a large enough analyst, "Pakistan wants to share its experience in counter- The first never happens, because Henry Ford began the tradition of this is also true of China, where the scale in India or anywhere else in the terrorism with the rest of the world which would also provide Washington is the capital of a great Americans with such jobs becoming a per capita income is about five times world for that matter. an opportunity to get global recognition of Pakistan's sacri- republic which is over 200 years old. part of the middle class, with his more than ours. The real problem of Economic growth happens when It is the city which controls the affordable cars which even those who joblessness and democratic politics is there is an increase in output either fices in the ongoing war against militancy. It is a good oppor- largest economy of any nation in the assembled them could buy. happening here in India. And it is through the number of workers or an tunity for Raheel Sharif to pose some serious questions to the world and controls the most powerful I lived as a student in Janesville, happening now, right before us. It improvement in efficiency. The prob- world, which is blaming Pakistan for hosting terrorist havens military of any nation in the world. It Wisconsin 30 years ago and one of was revealed a few days ago that lem in India is that there are too many Afghanistan itself has become a hub of terrorism, constituting is not a city that is awaiting a saviour the families I stayed with, the Infosys had fired 8,000 workers unskilled workers with little educa- 45 percent land occupied by the terrorists. The US which and any drastic change, even if possi- Johnsons, belonged to a man who had because of automation. tion and ability to produce anything. always pressurizes Pakistan to do more should also share its ble, would likely be a change for the been assembling wheels on cars for This was an unusual piece of infor- Merely low cost is not advantageous worse. decades. That was the only skill he mation because for two decades the and no magic policy, slogan or logo progress in the Afghan war for the last 16 years. Pakistan, 'Putting America first' is a meaning- was trained in. He had built a nice software firms of India have been hir- will change that. despite limited resources, has registered remarkable success- less slogan because it assumes previ- house with the money he earned ing aggressively. That trend has We must be wary of the populist es in war on terror; other countries can benefit and learn from ous presidents have put America sec- through labour and put his children ended, according to the companies, leader who promises simplistic solu- its experiences and successes. If the world is really interested ond or third, which they have not. through a good education. That plant and they have now begun to downsize tions. This is true as much in India as in wiping out the menace, a joint approach which involves Henry Kissinger, the secretary of had been started in 1919 and it had and build a smaller, more skilled it is in America. The world is com- state to Richard Nixon, said that all more than 5,000 employees. It shut work force. They will no longer hire plex and its economy has evolved in a sharing of experiences, resources and technology can help foreign policy was actually domestic down in 2009 because it is cheaper to people in large numbers. particular way that cannot be changed achieve the ultimate objective. policy. What he meant was, America assemble cars in China and south If this is the problem that even by a genius individual. fought wars abroad in response to America because the labour costs are white collar and educated Indians This is why, ultimately, the promise domestic demands. And so it is lower. face in the cities, what is going to Trump makes of putting Americans to Disclaimer: unlikely Donald Trump will be able Today, China and south America happen of the hundreds of millions in work will be an empty one. All reports and recommendations have been prepared for your information only. Summary and Analysis are not recommendation to buy or sell. This information should to change much in that sense either. and India have also begun losing such the towns and villages? They are in That will of course not stop the next only be used by investors who are aware of the risk inherent in securities trading. The He will bring American troops back jobs because mechanisation and trouble. president from making the same nois- facts, information, data, indicators and charts presented have been obtained from sources from wars that cannot be won but he automation are becoming so efficient We must understand the nature of es about changing Washington, put- believed to be reliable, but their accuracy and completeness cannot be guaranteed. The Financial Daily International and its employees are not responsible for any loss arising will not be the first president to do that it is cheaper to replace even the the protests across India on various ting America first and jobs. - from use of these reports and recommendations. that. low cost labour in these countries issues as being born essentially of Courtesy: The Express Tribune Monday, January 23, 2017 5 European shares ease ahead Earnings drag down Saudi, tax fears of Trump inauguration continue to weigh on Egypt
KSE-100 Index Opening 49,210.50 Closing 49,364.83 Change 154.33 % Change 0.31 Market seesaw as mutual Turnover (mn) 1,942.56 Active Issues Plus 124 Minus 240 fund rule changes Unchanged 11 Top 5 Volume Leaders KSE-100 Index sees sheer volatility last week, higher by 154 points Symbol Close Vol (mn) Ghulam Raza Rajani zone. Benchmark KSE-100 index DSL 10.43 123.35 KARACHI: Market observed increased by 154.33 points to BOP 16.77 103.45 a sheer rollercoaster ride in close at 49,364.83 points. EPCL 18.19 83.97 previous week. Start of market KSE All Share Index POWER 12.85 57.44 looked depressive as a decline improved by 154.14 points to JSCL 23.58 53.72 of almost 800 points was seen end at 33,804.97, KSE 30- Major Gainers in the beginning of week. Index dipped by 302.58 points Change in regulation of mutu- to conclude at 26,436.65. Symbol Close Change al fund framework acted as a The ready market average RMPL 8,400.00 200.00 catalyst in market bearish volume reduced by 20.53 per BATA 4,781.79 181.79 start. Foreigners selling too cent to 388.51 million shares SIEM 1,499.43 178.76 took active role in market compared to 488.87 million PMPK 2,506.25 106.25 decline. A higher level of shares traded in last week. The SAPL 2,410.96 105.61 resistance was seen at 49K market capitalization of KSE Major Losers level and index moved to and ascended by Rs 45.73 billion fro. Fluctuation in global to Rs 9.905 trillion against Rs Symbol Close Change crude prices showed its after- 9.859 trillion observed last WYETH 4,553.54 -103.07 math on local oil scrips as well week. SAPT 1,290.00 -60.00 as the market as a whole. With Dost Steel Limited remained SRVI 1,462.71 -58.54 passage of time market recu- overall volume leader during ABOT 928.64 -46.53 perated due to higher institu- the week at 123.35 million MTL 899.12 -42.22 tional support. SPA signing shares, dropped by Rs 0.90 to ceremony of PSX sales to close at Rs 10.43. Second on Company Limited was the In the past week 375 scrips Limited and Bata Pakistan Pakistan Limited and Sector Updates Chinese consortium aided the volume leader was, Bank third volume leader of the traded in which 124 scrips Limited remained the top Sapphire Textile Limited market to regroup. of Punjab decreased by Rs week trading well over by advanced, 240 declined while gainer by Rs 200.00 and Rs were among the major losers FERTILISER Antidumping duty being 0.68 to close at Rs 16.77 by 83.97 million shares enhanced the value of 11 scrips 181.79 to close at Rs which lost Rs 103.07 and Rs 000 tonnes imposed on steel sector assist- trading nearly 103.45 million by Rs 2.22 to close at Rs remained intact. 8,400.00 and Rs 4,781.79 60.00 to close at Rs 4,553.54 Urea Offtake (Jan to May 14) 2,047 ed market to the week in green shares. Engro Polymer 18.19. Rafhan Maize Pakistan respectively, while Wyeth and Rs 1,290.00 respectively. Urea Offtake (May 14) 408 Urea Price (Rs/50 kg) 1,827 DAP Offtake (Jan to May 14) 342 Wall Street Week Ahead DAP Offtake (May 14) 108 DAP Price (Rs/50 kg) 3,551 AUTOMOBILE ASSEMBLER PAK SUZUKI MOTOR Optimism among S&P 500 CEOs Units Production (July 13 to May 14) 69,257 Sales (July 13 to May 14) 69,866 Production (May 14) 6,503 as Trump takes power Sales (May 14) 6,993 With corporate earnings Lines Chief Executive Ed bly first and foremost on most INDUS MOTOR CO already on the mend after a Bastian told analysts this of our minds, and the irony of Production (July 13 to May 14) 31,880 slump in oil prices and a strong month that he was excited us reporting earnings on the Sales (July 13 to May 14) 32,498 dollar last year, S&P 500 com- about potential infrastructure Inauguration Day of the 45th Production (May 14) 3,110 panies are expected on average spending promised by Trump, President is not entirely lost on Sales (May 14) 2,917 to grow their earnings by 6.3 as well as a chance to make his us," Chief Executive Patrick HONDA ATLAS CAR percent in the December quar- case about unfair competition Ottensmeyer told analysts. Production (July 13 to May 14)20,983 ter and 13.6 percent in the from Middle Eastern airlines Indeed, some business lead- Sales (July 13 to May 14) 21,002 March quarter, according to heavily subsidized by govern- ers and lobbyists in Production (May 14) 2,286 Thomson Reuters I/B/E/S. ments. Washington who were initial- Since the November election, Vince Delie, Chief Executive ly enthusiastic about Trump's Sales (May 14) 2,260 the S&P 500 has rallied 6 per- of F.N.B.
Dhiyan Market eyeing 50K Ghulam Raza Rajani Zia Shaffi Syed Salman Ahmed Senior Equity Dealer, Invest Capital Markets Aba Ali Habib Limited Market is expected to remain on positive Market is giving the impression of remaining track and may well overcome 50K level. Due on positive track. 50K looks in touching dis- to rollover week and chances of short cover- tance sale of PSX stock would support market ing by investigators would keep market on positivity. Oil price increase would not only positive track. Despite the positivity of index boost oil scrips it would also assist overall mar- ket to remain prosperous. Start of result season market looks shaky. Political turmoil seems a would play its part in market increase. Selling major constituent of market volatility. Month from foreigners as well as future rollover week of February looks tough for market. Market may create hiccups for market. Today market looks positive to volatile today. Investors looks volatile. Investors are advised to wait for should sell on strength for now. dips to invest. 6 Monday, January 23, 2017
Market Symbols KSE 100 Index All Share Index KSE 30 Index UPTO 5000 VOLUME olume 1,942,562,240 Advanced 124 Current 49,364.83 Current 33,804.97 Current 26,436.65 Symbols Open High Low Close Change Vol Decline 240 High 49,464.06 High 33,841.93 High 26,882.16 Value 110,843,474,005 SNAI 72.00 72.90 70.00 71.55 -0.45 5,000 Unchanged 11 Low 48,108.93 Low 32,983.93 Low 26,038.81 STML 23.63 23.63 23.50 23.50 -0.13 5,000 Trades 766,621 Total 375 Change K154.33 Change K154.14 Change L302.58 NSRM 49.35 49.89 46.26 48.69 -0.66 4,900 PAKT 1,091.01 1,170.80 1,051.00 1,170.62 79.61 4,780 HINO 1,615.73 1,654.00 1,580.00 1,590.00 -25.73 4,700 OIL AND GAS PERSONAL GOODS ARM 23.60 24.41 23.25 24.41 0.81 4,500 Paid up Last 60 days 2015 2016 Paid up Last 60 days 2015 2016 DADX 79.49 79.49 76.00 76.00 -3.49 4,500 Company Cap(mn) PE Open High Low Close Chg Volume High Low Div BR Div BR Company Cap(mn) PE Open High Low Close Chg Volume High Low Div BR Div BR MSOT 166.00 173.99 154.33 155.39 -10.61 4,400 (%) (%) (%) (%) (%) (%) (%) (%) SURC 126.53 135.45 128.00 134.72 8.19 4,300 EXIDE 985.00 1,000.00 950.00 978.80 -6.20 4,000 Attock Petroleum 829 12.38 700.57 721.29 681.00 682.30-18.27 130,900 730.00 578.00 345 - 150 - Amtex Limited 2594 - 3.27 3.30 2.95 3.14 -0.13 2,777,500 4.13 2.06 - - - - FASM 201.36 204.00 200.00 200.36 -1.00 4,000 Attock Refinery 853 10.00 390.11 420.55 393.45 408.39 18.28 10,525,200469.75 318.10 50 - - - Artistic Denim 840 8.59 74.97 75.20 70.50 72.08 -2.89 19,500 82.60 65.09 40 - - - Burshane LPG 226 27.62 69.00 69.50 66.01 66.01 -2.99 32,500 76.07 57.00 - - 10 - Ashfaq Textile 350 3.75 9.60 10.25 9.10 10.00 0.40 16,000 10.84 8.61 - - - - PSYL 35.55 35.00 34.01 34.80 -0.75 4,000 BYCO Petroleum 9779 - 23.44 24.25 22.80 22.96 -0.48 31,148,000 25.05 19.21 - - - - Asim Textile 152 1.22 9.00 9.15 7.70 8.30 -0.70 139,500 10.50 5.45 - - - - SHEZ 465.88 480.00 445.00 445.00 -20.88 4,000 Associated Serv 36 104.21 95.79 110.86 97.00 99.00 3.21 95,500 110.86 69.00 - - - - Mari Gas Company 1103 48.32 1423.59 1475.00 1355.00 1396.07-27.52 223,250 1533.96 951.02 52 - 30 - Azgard Nine 4493 1.58 8.40 9.21 7.95 8.53 0.13 24,565,000 10.75 5.50 - - - - TOWL 35.00 35.50 0.00 34.55 -0.45 3,500 National Refinery 800 16.08 586.10 620.99 574.00 579.83 -6.27 3,222,400 762.18 540.00 100 - - - Babri Cotton 37 2.38 107.20 124.00 107.20 124.00 16.80 11,500 124.00 80.00 - - - - FCIBL 7.00 7.05 7.00 7.01 0.01 3,000 Oil & Gas Development 43009 6.30 166.53 171.05 161.00 162.32 -4.21 18,497,900172.00 138.02 78 - 32 - Bannu Woolen 95 4.60 71.73 74.47 70.50 70.56 -1.17 151,000 77.25 62.11 30 - - - FZCM 166.00 167.00 166.00 167.00 1.00 3,000 P.S.O 2717 8.26 411.07 428.50 410.41 418.98 7.91 9,048,600 471.00 385.75 100 - 50 - Bilal Fibres 141 2.91 6.50 7.89 6.25 6.49 -0.01 52,500 16.89 5.01 - - - - Pak Oilfields 2365 9.91 543.75 570.00 535.01 540.33 -3.42 3,161,000 570.00 392.00 400 - 150 - Brothers Textile 98 7.41 5.75 6.00 5.40 5.41 -0.34 26,000 8.03 5.01 - - - - IDRT 15.50 15.99 14.00 15.99 0.49 3,000 Pak Petroleum 19717 7.05 189.30 194.87 185.00 189.19 -0.11 5,471,500 194.87 146.23 85 - 23 - Chakwal Spinning 400 1.52 5.76 5.98 5.35 5.44 -0.32 678,500 7.45 5.00 5 - - - QUET 30.44 31.00 29.45 30.50 0.06 3,000 Pak Refinery Limited 2940 1.27 44.28 46.70 44.17 44.64 0.36 19,143,000 47.25 39.02 - 800R - - Chenab Limited 1150 - 7.03 7.20 6.51 6.70 -0.33 668,000 8.46 5.30 - - - - TATM 35.00 35.00 33.30 34.50 -0.50 3,000 Shell Pakistan 1070 - 485.50 491.00 476.00 481.14 -4.36 328,100 561.90 392.00 100 - - - Chenab Ltd Pref 800 - 3.26 3.31 2.80 3.12 -0.14 2,553,000 4.10 1.95 - - - - KHTC 1,100.00 1,125.00 1,068.75 1,098.00 -2.00 2,800 Crescent Jute 238 - 4.30 4.50 3.78 3.99 -0.31 131,500 7.50 2.90 - - - - Crescent Textile 800 12.37 28.87 29.00 27.50 27.83 -1.04 573,500 32.60 26.25 1530.055R - - BATA 4,600.00 4,782.75 4,335.00 4,781.79 181.79 2,760 CHEMICALS D S Ind Ltd 600 3.39 6.22 6.70 5.81 6.23 0.01 2,040,000 7.59 4.10 - - - - GRYL 6.73 6.97 0.00 6.89 0.16 2,500 Dawood Lawrencepur 591 57.63 253.26 264.00 247.00 255.88 2.62 11,600 264.00 222.47 50 - - - MUBT 5.00 5.07 4.66 4.66 -0.34 2,500 Paid up Last 60 days 2015 2016 Dewan Farooque Spinning 978 340.77 4.73 4.84 4.35 4.43 -0.30 1,414,500 5.60 3.75 - - - - Company Cap(mn) PE Open High Low Close Chg Volume High Low Div BR Div BR Gadoon Textile 280 5.89 265.32 267.50 243.08 249.52-15.80 209,400 327.00 170.00 - - - - PMRS 159.53 160.00 152.00 152.80 -6.73 2,500 (%) (%) (%) (%) Ghani Value Glass 300 6.32 22.10 22.50 21.50 22.00 -0.10 20,000 23.90 21.21 10 59R - - ARUJ 29.37 30.50 28.00 28.25 -1.12 2,000 Ghazi Fabrics 326 16.39 7.27 7.80 7.11 7.21 -0.06 22,000 10.00 6.25 - - - - ELCM 60.52 60.37 0.00 57.36 -3.16 2,000 Gul Ahmed Textile 2971 14.90 52.09 53.34 49.63 52.01 -0.08 3,505,000 61.20 46.01 15 - 20 30R Agritech Limited 3924 - 12.58 12.94 11.85 12.00 -0.58 2,486,000 14.49 10.40 - - - - UVIC 18.38 18.50 17.38 18.50 0.12 2,000 Bawany Air 75 2.10 11.30 11.30 10.00 10.00 -1.30 75,500 12.84 9.24 - - - - H M Ismail 120 - 6.10 6.46 5.51 6.44 0.34 45,500 7.55 5.01 - - - - Hira Textile Mills Ltd 866 8.17 13.71 13.75 13.07 13.16 -0.55 1,885,500 15.30 11.35 - 10B - - DINT 89.00 93.45 88.99 93.45 4.45 1,800 Biafo Ind 220 22.61 316.50 325.00 315.00 319.25 2.75 66,600 401.00 295.00 183 - 120 - Janana D Mal XD 48 1.78 107.23 117.00 105.02 112.01 4.78 31,600 129.36 86.00 15 - - - COLG 1,752.17 1,801.00 1,700.00 1,801.00 48.83 1,620 Dawood Hercules 4813 394.31 142.80 145.25 137.00 138.01 -4.79 672,000 156.80 128.00 160 - 25 - Jubilee Spinning 325 52.33 8.10 8.85 7.85 7.85 -0.25 36,500 10.14 5.70 - - - - AASM 15.00 15.00 14.00 14.00 -1.00 1,500 Descon Oxychem Limited1020 - 17.00 17.35 15.90 16.27 -0.73 3,822,000 20.12 13.72 -107.84R - - Kohat Textile 208 3.31 18.30 17.85 17.25 17.85 -0.45 26,000 22.40 14.00 8 - - - DKTM 7.70 7.70 7.23 7.32 -0.38 1,500 Dewan Salman 3663 - 5.21 5.35 4.85 4.98 -0.23 6,838,000 6.40 4.11 - - - - Kohinoor Ind 303 24.47 8.20 8.21 7.60 7.83 -0.37 411,500 10.06 6.97 - - - - Kohinoor Mills 509 1.39 36.63 40.00 37.90 38.40 1.77 12,500 53.32 35.80 - - - - LPGL 51.00 51.00 0.00 45.62 -5.38 1,500 Dynea Pak 94 6.10 55.55 55.99 51.50 53.49 -2.06 87,500 66.39 50.56 50 - - - Kohinoor Spinning 1300 3.02 7.20 7.39 6.85 7.01 -0.19 632,500 8.75 5.65 - - - - Engro Corporation Ltd 5238 32.02 308.55 320.80 308.00 313.16 4.61 5,901,800 342.50 276.00 180 - 50 - Kohinoor Textile 2824 37.72 108.36 115.16 108.00 109.00 0.64 676,500 123.00 83.10 35 - 15 15B PRWM 35.25 35.25 34.00 34.00 -1.25 1,500 Engro Polymer 6635 18.19 15.97 18.50 16.07 18.19 2.22 83,973,000 20.92 9.50 - - - - Leather Up 60 - 18.60 18.50 17.40 17.55 -1.05 120,000 20.95 16.81 - - - - RMPL 8,200.00 8,400.00 7,800.01 8,400.00 200.00 1,460 Fatima Fertilizer 21000 11.14 35.02 36.55 34.50 35.64 0.62 4,316,500 40.40 30.35 - - - - Maqbool Textile 168 3.71 30.00 33.01 28.70 30.50 0.50 47,000 33.33 24.99 - - - - ISIL 370.00 374.00 345.00 374.00 4.00 1,200 Mian Textile 221 - 3.90 3.90 3.35 3.51 -0.39 19,000 5.01 3.10 - - - - Fauji Fertilizer 12722 7.14 103.89 105.09 103.00 103.34 -0.55 9,054,800 119.65 103.00 119 - 19 - Mohd Farooq 189 - 4.60 4.59 4.27 4.42 -0.18 54,500 5.90 3.80 - - - - AHTM 25.46 26.73 26.73 26.73 1.27 1,000 Fauji Fertilizer Bin Qasim9341 9.55 51.07 51.60 49.90 50.06 -1.01 2,893,500 56.90 45.51 38 - - - Nishat (Chunian) 2402 4.83 59.01 61.88 57.85 61.06 2.05 17,648,500 72.85 43.00 15 20R - - ARPAK 23.30 23.30 22.15 22.25 -1.05 1,000 Ghani Gases Ltd 1248 9.57 23.27 24.45 22.90 23.44 0.17 5,981,500 30.95 19.01 16 - - 68R Nishat Mills 3516 10.20 151.01 155.50 148.00 151.30 0.29 5,069,000 169.79 135.50 45 - - - ELSM 142.00 135.00 128.25 128.25 -13.75 1,000 ICI Pakistan 924 99.81 972.54 1000.00 945.00 965.14 -7.40 307,500 1170.00 690.00 115 - 65 - Olympia Spinning 120 - 5.50 7.55 5.35 6.96 1.46 1,422,000 15.88 4.80 - - - - PGCL 153.01 155.00 150.00 150.02 -2.99 1,000 Premium Textile 62 1.87 133.00 128.06 120.00 125.00 -8.00 27,000 153.98 117.00 60 - - - Ittehad Chemical 650 4.90 40.00 41.26 38.65 39.70 -0.30 1,542,500 53.30 36.01 10 30R - - Ravi Textile 250 - 6.39 7.10 5.80 6.00 -0.39 94,500 7.95 5.16 - - - - SLYT 12.25 12.50 12.25 12.50 0.25 1,000 Linde Pakistan Ltd. 250 15.51 153.40 177.50 159.50 171.03 17.63 626,000 301.92 126.00 50 - - - Rupali Poly 341 - 21.00 22.00 20.67 20.71 -0.29 53,000 22.79 11.22 - - - - STJT 194.50 197.99 194.50 197.00 2.50 1,000 Lotte Chemical 15142 13.81 8.33 8.47 7.78 7.87 -0.46 9,514,000 9.23 7.02 - - - - Safa Textile 40 17.19 5.90 6.35 5.31 5.50 -0.40 116,000 7.80 4.85 - - - - FML 194.04 194.04 185.00 190.28 -3.76 900 Nimir Ind Chemical 553 88.31 45.03 45.50 42.05 43.27 -1.76 47,500 46.70 33.81 10 - 20 - Saif Textile 264 1.57 22.70 23.48 22.26 22.26 -0.44 18,000 27.19 21.20 - - - - Samin Textile 267 - 9.02 9.08 8.61 8.75 -0.27 139,500 11.29 8.56 - - - - PECO 337.00 340.00 325.00 340.00 3.00 600 Pak PVC SPOT 150 - 8.08 8.30 7.85 8.00 -0.08 108,500 13.95 6.01 - - - - Saritow Spinning 298 1.76 9.21 9.69 9.02 9.35 0.14 84,500 11.55 6.51 - - - - PMPK 2,400.00 2,510.00 2,315.18 2,506.25 106.25 560 Shaffi Chemical 120 56.75 10.89 15.89 10.75 15.89 5.00 2,075,500 16.67 8.06 - - - - Service Fabrics 158 5.03 12.02 12.73 11.50 11.86 -0.16 353,000 17.74 9.99 - - - - DMTM 9.00 8.20 8.20 8.20 -0.80 500 Service Ind 120 138.12 1521.25 1510.00 1400.00 1462.71-58.54 31,900 1679.00 1190.00 125 - - - Sitara Chem Ind 214 12.11 600.00 600.00 570.00 570.00-30.00 9,800 630.00 447.74 90 - - - DSML 7.00 7.00 7.00 7.00 0.00 500 Sitara Peroxide 551 - 33.72 35.79 30.10 31.25 -2.47 6,059,500 36.15 24.57 - - - - Taha Spinning 41 4.91 11.90 12.20 11.00 11.49 -0.41 36,000 20.55 10.50 - - - - Thal Ltd 405 27.12 457.47 508.90 454.30 495.70 38.23 1,397,800 525.99 375.00 250 - - - IBFL 69.50 68.00 68.00 68.00 -1.50 500 Wah-Noble 90 11.04 142.00 149.00 129.20 129.52-12.48 94,000 165.49 75.00 10 - - - Treet Corp 1407 17.10 65.78 66.99 63.01 64.28 -1.50 7,034,500 76.89 45.52 10 150R - - IDSM 12.34 13.30 13.30 13.30 0.96 500 Tri-Star Poly 215 - 15.09 15.10 13.00 14.10 -0.99 2,858,000 18.19 5.25 - - - - FORESTRY AND PAPER Yousuf Weaving 400 3.58 5.20 5.50 4.80 5.22 0.02 4,603,500 6.90 4.25 - - - - KPUS 28.00 28.00 27.00 27.00 -1.00 500 Zephyr Textile Ltd 594 7.25 14.25 14.70 12.70 13.05 -1.20 43,500 14.70 10.40 - - - - SASML 23.16 23.30 23.16 23.30 0.14 500 Paid up Last 60 days 2015 2016 ILTM 1,064.00 1,105.00 1,011.00 1,105.00 41.00 400 Company Cap(mn) PE Open High Low Close Chg Volume High Low Div BR Div BR PHARMA AND BIO TECH UPFL 5,610.00 5,700.00 5,420.00 5,650.00 40.00 360 SAPT 1,350.00 1,350.00 1,290.00 1,290.00 -60.00 300 (%) (%) (%) (%) Paid up Last 60 days 2015 2016 GATI 93.03 93.03 93.00 93.03 0.00 200 Company Cap(mn) PE Open High Low Close Chg Volume High Low Div BR Div BR Century Paper 1470 13.21 56.15 59.85 55.81 59.73 3.58 1,548,000 66.85 47.06 - - - - AABS 270.00 280.00 270.00 280.00 10.00 100 (%) (%) (%) (%) Pak Paper Product 60 10.64 69.00 72.45 66.51 66.51 -2.49 9,500 85.38 61.75 40 - 30 - SCL 500.50 510.00 510.00 510.00 9.50 100 Security Paper 593 10.22 98.00 101.00 95.88 97.30 -0.70 77,700 125.04 88.00 60 - - - Abbott (Lab) 979 49.50 975.17 980.00 906.00 928.64 -46.53 107,900 1074.88 762.00 300 - - - TICL 450.00 450.00 430.00 430.00 -20.00 100 Ferozsons (Lab) 302 71.69 784.35 805.84 754.00 757.05 -27.30 90,500 810.00 697.00 190 - 100 - TSML 250.50 250.50 237.99 250.50 0.00 100 GlaxoSmithKline 3185 37.69 244.64 247.80 229.50 232.18 -12.46 1,379,400271.00 198.10 40 - - - INDUSTRIAL METALS AND MINING Highnoon (Lab) 228 95.29 657.70 667.00 620.01 632.75 -24.95 57,700 742.98 528.00 75 12B - - EWIC 170.00 170.00 133.21 135.00 -35.00 0 Paid up Last 60 days 2015 2016 IBL HealthCare Ltd XB 492 36.21 181.13 182.80 162.75 165.13 -16.00 261,900 182.94 137.00 2020B,10R - 10B IDYM 800.00 800.00 0.00 794.68 -5.32 0 Otsuka Pak 110 65.71 180.90 181.00 168.11 171.50 -9.40 27,000 198.50 167.01 - - - - Company Cap(mn) PE Open High Low Close Chg Volume High Low Div BR Div BR Sanofi-Aventis 96 47.72 2305.35 2540.90 2400.00 2410.96 105.61 6,150 3000.00 1550.00 30 - - - (%) (%) (%) (%) Searle Pak 1399 59.15 657.14 665.99 605.00 625.23 -31.91 2,412,300758.41 480.00 2020B,10R - 10B TECHNICAL LEVELS Wyeth Pak 142 21.06 4656.61 4878.00 4500.00 4553.54-103.07 6,120 5380.00 2950.00 20 - - - Company RSI 1st 2nd 1st 2nd Pivot Crescent Steel 776 11.98 157.66 159.00 147.00 147.91 -9.75 1,580,000 194.00 137.80 7 25R 30 - Dost Steels Ltd 3157 - 11.33 11.65 10.25 10.43 -0.90 123,347,500 14.84 8.36 - - - - FIXED LINE TELECOMMUNICATION (14-day) Support Resistance Huffaz Pipe 555 - 27.76 28.00 25.20 25.21 -2.55 72,000 31.89 19.25 - - - - ABL 46.71 113.80 111.40 117.80 119.40 115.40 Inter.Steel Ltd. 4350 278.97 91.67 92.99 86.00 92.06 0.39 5,556,500 112.21 53.78 - - - - Paid up Last 60 days 2015 2016 ACPL 66.21 349.15 348.10 352.15 354.10 351.10 International Ind 1199 45.41 189.69 203.50 190.00 199.33 9.64 3,297,500 251.75 142.00 40 - 10 - Company Cap(mn) PE Open High Low Close Chg Volume High Low Div BR Div BR AHCL 65.89 44.40 44.00 45.50 46.15 45.05 (%) (%) (%) (%) AHL 72.27 89.25 88.75 90.05 90.30 89.55 CONSTRUCTION AND MATERIALS Pak Datacom 98 7.44 71.50 85.70 69.90 83.00 11.50 255,000 110.09 0.00 50 - 13 - AICL 58.40 73.30 72.40 75.50 76.85 74.65 Pakistan Telecomm Co A 37740 - 17.84 17.99 17.16 17.30 -0.54 9,579,000 19.46 16.25 20 - - - AKBL 57.20 26.20 25.60 27.70 28.65 27.10 Paid up Last 60 days 2015 2016 Telecard 3000 81.17 5.18 5.40 4.83 4.87 -0.31 10,977,000 5.80 3.43 - - - - ANL 56.39 9.25 9.05 9.75 10.05 9.55 Company Cap(mn) PE Open High Low Close Chg Volume High Low Div BR Div BR WorldCall Tele 8606 - 2.81 2.88 2.60 2.65 -0.16 12,486,000 3.36 2.10 - - - - APL 64.86 695.05 686.05 714.55 725.05 705.55 (%) (%) (%) (%) ATRL 79.97 458.40 455.20 466.90 472.20 463.70 ELECTRICITY BAFL 68.84 40.10 39.45 41.35 41.95 40.70 Attock Cement 1145 14.91 325.00 329.88 310.00 311.00-14.00 47,100 354.00 240.00 150 - - - BIPL 53.06 13.10 13.00 13.40 13.60 13.30 Balochistan Glass Ltd 1716 - 14.73 16.30 14.00 14.26 -0.47 3,215,500 18.23 8.20 - - - - Paid up Last 60 days 2015 2016 BOP 49.10 17.45 17.25 18.00 18.35 17.80 Berger Paints 182 120.74 185.79 185.98 175.00 178.69 -7.10 54,500 227.50 174.99 25 - - - Company Cap(mn) PE Open High Low Close Chg Volume High Low Div BR Div BR DCL 56.12 38.30 37.90 39.30 39.90 38.90 Bestway Cement XD 5963 32.88 287.34 288.90 275.00 279.18 -8.16 269,800 310.80 188.00 100 - 75 - (%) (%) (%) (%) DGKC 60.21 223.60 222.35 226.70 228.55 225.45 DSFL 51.40 5.35 5.20 5.60 5.80 5.50 Buxly Paints 14 - 100.70 110.00 101.21 108.50 7.80 32,500 159.50 90.00 - - - - Altern Energy 3634 - 40.50 41.83 40.50 40.50 0.00 81,500 44.50 40.00 - - - - Cherat Cement 1766 13.29 173.47 174.75 165.00 171.01 -2.46 4,360,800 193.65 125.00 30 - 10 - Hub Power 11572 14.80 122.63 130.67 122.00 123.45 0.82 15,206,800134.00 103.02 95 - 80 - DSL 63.13 13.70 13.45 14.30 14.65 14.05 Dandot Cement 948 - 14.20 14.50 13.60 14.20 0.00 64,500 20.10 12.07 - - - - Japan Power 1560 - 6.09 6.17 5.49 5.55 -0.54 5,095,000 7.49 5.01 - - - - EFUG 58.65 152.65 151.05 155.10 156.05 153.55 Dewan Cement 4841 28.50 34.96 35.70 32.14 33.91 -1.05 18,570,000 41.13 27.95 - - - - K-Electric Ltd. 7932 38.54 9.31 9.51 9.17 9.25 -0.06 38,242,500 9.70 8.80 - - - - EFUL 53.25 218.50 218.15 219.65 220.35 219.25 DG Khan Cement Ltd 4381 15.78 214.46 217.30 208.50 212.34 -2.12 13,937,500238.40 169.80 50 - - - Kohinoor Energy 1695 9.02 43.91 44.45 43.25 43.58 -0.33 282,500 46.00 42.31 55 - 35 - ENGRO 61.74 332.20 330.60 336.20 338.60 334.60 Kohinoor Power 126 - 9.66 10.00 8.50 8.71 -0.95 649,500 12.70 6.55 - - - - FABL 69.64 26.15 25.20 29.00 30.85 28.00 EMCO Ind 350 - 32.99 31.70 28.50 28.50 -4.49 21,500 39.00 28.50 - - - - Kot Addu Power 8803 8.93 77.99 79.19 76.80 77.07 -0.92 5,832,500 86.00 72.31 88 - 43 - Fauji Cement 13798 27.71 41.41 42.50 41.50 41.84 0.43 18,990,000 49.20 33.10 25 - 18 - Nishat Chunian Power Ltd XD36737.65 55.91 58.49 55.41 55.97 0.06 1,271,500 58.49 51.00 75 - 58 - FCCL 61.38 46.05 45.65 46.90 47.35 46.50 Fecto Cement 502 8.67 121.37 122.99 117.00 117.16 -4.21 705,700 124.50 107.50 50 - 50 - Nishat Power Ltd 3541 7.54 56.06 60.40 55.50 58.51 2.45 724,500 67.75 50.51 60 - 45 - FFBL 58.23 54.15 53.50 55.70 56.55 55.00 Flying Cement Ltd 1760 - 15.01 15.52 13.95 14.17 -0.84 1,735,000 17.27 8.01 - - - - Pakgen Power Ltd 3721 4.49 25.00 25.03 24.20 24.50 -0.50 254,000 27.69 23.86 20 - - - FFC 71.03 116.85 115.85 119.25 120.65 118.25 Sitara Energy Ltd 191 4.06 42.00 42.90 41.05 41.09 -0.91 13,500 51.00 40.60 13 - - - HBL 44.59 258.55 256.50 263.20 265.80 261.15 Frontier Ceramics 379 - 10.00 10.00 9.00 9.40 -0.60 11,500 10.63 8.50 - - - - Tri-star Power XD 150 175.94 12.86 13.20 11.13 11.26 -1.60 1,315,500 15.00 6.80 - - - - Gammon Pak 283 - 38.29 38.25 34.30 34.90 -3.39 71,500 42.20 28.15 - - - - HUBC 63.93 128.65 126.70 132.05 133.45 130.05 Gharibwal Cement 4003 28.90 51.00 51.00 49.50 50.00 -1.00 29,000 59.00 48.00 - - 15 - GAS WATER AND MULTIUTILITIES ICI 78.84 1130.20 1100.10 1180.20 1200.10 1150.10 Haydery Const 32 571.00 5.96 6.15 5.70 5.71 -0.25 71,500 7.30 5.10 - - - - INDU 75.30 1772.50 1757.80 1798.40 1809.60 1783.70 JPGL 58.36 6.05 5.90 6.40 6.60 6.25 Javedan Cement 1294 3.28 33.20 34.75 33.00 33.48 0.28 352,500 39.00 31.00 - - - - Paid up Last 60 days 2015 2016 JSBL 70.35 11.80 11.55 12.30 12.55 12.05 Kohat Cement 1545 14.00 283.97 286.99 268.01 277.00 -6.97 771,200 311.00 227.01 90 - 50 - Company Cap(mn) PE Open High Low Close Chg Volume High Low Div BR Div BR JSCL 44.21 25.95 25.65 26.65 27.05 26.35 Lucky Cement 3234 29.22 833.91 842.00 811.88 819.38-14.53 1,531,250 900.00 654.00 90 - - - (%) (%) (%) (%) KAPCO 65.03 82.45 81.85 83.70 84.35 83.10 Maple Leaf Cement 5277 21.43 121.70 131.50 120.20 124.71 3.01 9,428,500 137.94 89.50 20 - 15 - Sui North Gas 6342 32.35 74.12 77.90 72.05 76.03 1.91 29,761,50099.75 55.00 - - - - KEL 61.94 9.45 9.35 9.65 9.70 9.55 Pioneer Cement 2271 21.26 139.13 141.49 133.01 137.36 -1.77 4,181,100 148.99 103.60 63 - 25 - Sui South Gas 8809 14.39 37.76 38.29 35.36 35.68 -2.08 23,256,00049.34 35.00 - - - - LOTCHEM 58.91 8.65 8.55 8.90 9.05 8.80 Power Cement Ltd. 3657 8.24 13.49 14.49 12.75 12.85 -0.64 57,443,000 14.61 9.31 - - - - LUCK 60.16 868.65 864.80 877.65 882.85 873.85 Safe Mix Concrete 250 25.43 9.80 10.20 9.37 9.41 -0.39 468,500 11.10 8.51 - - - - BANKS MCB 54.38 242.00 240.50 245.50 247.50 244.00 Shabbir Tiles 1197 17.42 11.31 11.50 10.90 11.32 0.01 2,991,000 13.68 8.51 - 58R - - MLCF 66.33 132.85 132.05 134.45 135.25 133.65 Paid up Last 60 days 2015 2016 Thatta Cement 997 32.56 37.74 38.65 35.02 35.49 -2.25 4,615,000 41.49 31.10 13 - - - NBP 48.85 74.95 74.40 76.35 77.20 75.80 Company Cap(mn) PE Open High Low Close Chg Volume High Low Div BR Div BR NCL 65.72 67.80 66.55 70.75 72.45 69.50 GENERAL INDUSTRIALS (%) (%) (%) (%) NETSOL 77.93 67.65 65.35 71.00 72.15 68.75 NIB 47.05 1.70 1.65 1.75 1.80 1.70 Paid up Last 60 days 2015 2016 Allied Bank Limited 11451 9.02 110.91 120.00 110.00 119.00 8.09 4,711,500 122.89 98.10 70 - 18 - NICL 54.33 44.20 44.00 44.65 44.85 44.45 Company Cap(mn) PE Open High Low Close Chg Volume High Low Div BR Div BR Askari Bank 12603 6.15 24.96 25.61 24.15 24.60 -0.36 24,513,500 28.03 20.92 23 - - - Bank Alfalah 15952 7.98 35.32 38.15 35.00 37.76 2.44 9,453,000 41.31 28.35 10 - - - NML 66.31 163.95 159.10 171.75 174.70 166.90 (%) (%) (%) (%) Bank AL-Habib 11114 8.64 55.00 57.74 54.00 57.57 2.57 5,220,000 59.90 45.25 35 - - - OGDC 35.77 154.20 153.10 156.20 157.10 155.10 Bank Of Khyber 10004 8.72 15.48 16.50 15.50 15.53 0.05 172,000 18.50 11.50 13 - - - Balochistan Particle 30 29.03 8.60 9.53 8.35 9.00 0.40 139,000 13.91 7.56 - - - - PACE 41.01 10.75 10.60 11.05 11.20 10.90 Bank Of Punjab 15551 5.50 17.45 18.72 16.70 16.77 -0.68 103,450,50020.90 15.33 - - - - PASL 51.99 2.65 2.60 2.80 2.90 2.75 Cherat Packagin 296 49.78 353.60 353.01 333.00 333.00-20.60 60,200 380.00 326.67 70 7.5R 30 - BankIslami Pak 10079 24.67 13.05 13.70 13.00 13.32 0.27 335,500 13.70 10.86 -75.02R - - ECOPACK Ltd XB 287 - 25.87 26.49 23.25 23.95 -1.92 273,000 30.75 23.25 - - - - Faysal Bank 11998 6.34 22.61 24.50 21.60 22.25 -0.36 39,924,000 29.90 15.32 10 - - - PIAA 45.09 9.10 8.95 9.45 9.70 9.30 Ghani Glass XD 2192 21.87 155.12 156.40 147.00 148.07 -7.05 528,500 158.45 123.50 60 70R 70 - Habib Bank Ltd 14669 10.83 249.34 283.99 249.00 261.75 12.41 10,901,000283.99 219.00 140 - 35 - PIOC 71.87 143.30 140.40 149.05 151.90 146.15 MACPAC Films 389 2.41 24.50 24.89 22.70 23.40 -1.10 190,000 28.04 19.90 10 - - - Habib Metropolitan Bank10478 5.26 33.53 39.50 33.52 38.38 4.85 5,208,000 39.88 29.30 40 - - - POL 52.10 523.35 520.80 528.10 530.30 525.55 JS Bank Ltd 10725 6.06 9.70 11.18 9.75 10.55 0.85 38,894,000 12.35 7.17 - - - - POWER 62.89 14.00 13.85 14.45 14.75 14.30 Merit Pack 403 - 25.00 25.12 23.50 23.72 -1.28 347,500 34.08 20.80 - - - - MCB Bank Ltd 11130 10.17 236.00 247.00 232.51 233.46 -2.54 5,627,200 257.39 210.00 160 - 40 - Packages Ltd 894 28.66 852.78 869.00 810.00 812.73-40.05 332,350 926.31 667.00 150 - - - Meezan Bank 10027 13.05 72.11 72.00 64.60 65.24 -6.87 1,486,500 72.30 50.64 30 - - - PPL 39.79 176.15 175.20 178.35 179.65 177.45 Siemens Engineering XD 82 - 1320.67 1569.90 1325.00 1499.43178.76 159,450 1569.90 897.00 100 - - - National Bank 21275 8.23 73.20 76.10 72.51 74.36 1.16 24,252,000 79.50 70.50 75 - - - PSMC 76.19 675.05 660.60 704.85 720.25 690.45 NIB Bank 103029 6.60 1.65 1.72 1.62 1.65 0.00 23,618,000 2.37 1.62 - - - - PSO 47.63 433.15 430.55 440.15 444.55 437.55 INDUSTRIAL ENGINEERING Samba Bank 10082 17.86 7.49 8.24 7.50 7.50 0.01 923,000 8.24 6.51 - - - - PTC 69.07 18.95 18.50 19.65 19.90 19.20 Silkbank Ltd 77998 - 1.77 1.85 1.70 1.72 -0.05 8,945,500 2.05 1.60 -239.94R - - SHEL 67.27 545.35 540.70 558.25 566.50 553.60 Paid up Last 60 days 2015 2016 Soneri Bank 11025 8.33 15.69 17.06 15.45 16.66 0.97 1,758,500 18.52 14.10 13 - - - Stand Chart Bank 38716 10.33 23.51 25.24 23.00 24.70 1.19 160,000 26.99 20.16 20 - - - SNGP 84.31 96.05 95.05 98.90 100.75 97.90 Company Cap(mn) PE Open High Low Close Chg Volume High Low Div BR Div BR Summit Bank Ltd 17787 21.00 4.49 4.59 4.14 4.20 -0.29 11,714,500 5.25 3.20 - - - - SPL 51.34 31.55 31.00 32.65 33.20 32.10 (%) (%) (%) (%) United Bank Ltd 12242 11.04 233.30 243.72 230.30 231.90 -1.40 9,347,900 257.00 197.90 130 - 30 - SSGC 57.55 38.25 37.85 39.30 40.00 38.90 TELE 67.72 5.25 5.00 5.80 6.10 5.55 Ados Pak 66 5.06 46.06 48.50 46.20 47.90 1.84 31,000 67.54 42.50 50 - - - TRG 70.63 50.00 49.40 51.45 52.30 50.85 AL-Khair Gadoon 100 6.94 13.60 13.11 12.50 12.50 -1.10 9,500 16.00 12.00 - - - - NON LIFE INSURANCE UBL 50.22 236.30 234.15 240.20 242.00 238.10 AL-Ghazi Tractor 290 26.29 586.26 596.00 549.05 558.49 -27.77 252,400 718.89 478.50 1,700 - 500 - Paid up Last 60 days 2015 2016 WTL 54.99 2.75 2.70 2.95 3.05 2.90 Bolan Casting 115 - 70.00 70.00 64.60 65.00 -5.00 195,500 87.99 60.00 20 - - - Company Cap(mn) PE Open High Low Close Chg Volume High Low Div BR Div BR Ghandhara Ind 213 114.22 658.75 674.98 648.11 662.49 3.74 423,500 1188.21 567.00 45 - - - (%) (%) (%) (%) KSB Pumps 132 34.28 358.00 361.00 336.00 351.00 -7.00 7,700 454.90 273.00 70 - - - BOARD MEETINGS Millat Tractors 443 19.01 941.34 935.50 868.00 899.12 -42.22 261,300 1150.00 651.02 525 - 200 - Adamjee Insurance 3500 10.48 67.53 77.50 68.10 76.41 8.88 13,629,000 79.79 55.00 30 - - - Ask Gen Insurance 544 5.87 30.27 31.00 29.30 30.01 -0.26 79,000 33.49 24.25 1510B,30R - - Company Date Time Atlas Insurance 702 9.75 81.00 85.40 81.00 83.50 2.50 183,000 85.40 76.00 60 - - - Husein Industries Ltd 23-Jan 11:00 Century Insurance 457 2.10 29.75 29.95 29.05 29.25 -0.50 74,500 31.00 26.51 50 - - - INDUSTRIAL TRANSPORTATION Crescent Star Insurance 827 7.48 9.89 10.49 9.70 9.80 -0.09 5,429,000 11.64 8.50 - 33.33R - - Service Fabrics 23-Jan 10:30 Paid up Last 60 days 2015 2016 EFU General Insurance 2000 5.97 159.67 167.65 149.90 150.40 -9.27 415,000 167.65 122.50 75 25B 10 - Husein Sugar Mills Limited 24-Jan 11:00 Habib Insurance 619 10.54 19.30 19.49 18.45 19.29 -0.01 121,000 21.58 16.35 35 - - - ICI Pakistan Limited 24-Jan 10:30 Company Cap(mn) PE Open High Low Close Chg Volume High Low Div BR Div BR IGI Insurance 1227 25.86 267.89 278.00 265.00 272.33 4.44 306,900 331.01 193.54 60 - - - (%) (%) (%) (%) Jubilee Gen.Ins 1569 12.59 102.90 108.50 103.00 108.50 5.60 24,700 112.50 99.00 45 - - - JDW Sugar Mills Limited 24-Jan 11:00 Pak Gen Insurance 400 5.52 10.60 10.50 9.00 9.17 -1.43 254,500 12.79 8.00 8 - - - International Steels 24-Jan 10:30 Pak Int Container Terminal 1092 15.68 356.00 365.00 347.00 365.00 9.00 6,300 578.99 336.00 270 - 80 - Pak Reinsurance 3000 8.73 39.96 42.00 38.05 39.98 0.02 1,256,000 54.19 33.50 25 - - - PNSC XD 1321 58.64 162.09 164.97 152.10 153.05 -9.04 870,000 177.68 130.00 15 - - - PICIC Ins Ltd XR 350 - 5.60 5.92 5.41 5.61 0.01 424,000 7.35 4.80 - 100R - - Mirpurkhas Sugar Mills Ltd 24-Jan 15:30 Premier Insurance 209 6.47 20.80 20.90 20.00 20.50 -0.30 62,500 24.45 19.00 10 20B - - Honda Atlas Cars (Pakistan) Ltd 25-Jan 14:30 Reliance Insurance 510 6.57 11.83 12.15 11.25 11.43 -0.40 552,500 12.50 9.56 5 10B - - International Industries Ltd 25-Jan 10:00 AUTOMOBILE AND PARTS Shaheen Insurance 450 14.38 8.31 8.50 7.90 8.34 0.03 63,500 9.99 5.50 - - - - Pak Oman Advantage Asset Allocation Fund 25-Jan 11:00 Paid up Last 60 days 2015 2016 United Insurance 1803 4.53 21.99 22.30 21.30 21.80 -0.19 107,000 23.60 17.05 - 40B - - Company Cap(mn) PE Open High Low Close Chg Volume High Low Div BR Div BR Pak Oman Government Securities Fund 25-Jan 11:00 (%) (%) (%) (%) LIFE INSURANCE Pak Oman Advantage Islamic Income Fund 25-Jan 11:00 Pak Oman Islamic Asset Allocation Fund 25-Jan 11:00 Paid up Last 60 days 2015 2016 Agriautos Ind 144 36.46 338.99 348.00 325.00 335.10 -3.89 16,700 366.49 281.05 150 - - - Pak Suzuki Motor Co. Ltd. 25-Jan 11:00 Atlas Battery 174 21.78 830.00 835.00 800.00 801.33 -28.67 10,850 939.64 800.00 120 - - - Company Cap(mn) PE Open High Low Close Chg Volume High Low Div BR Div BR Shahmurad Sugar Mills Ltd 25-Jan 11:00 Atlas Honda 1034 - 584.10 604.00 575.01 587.00 2.90 36,200 620.00 498.00 120 - 145 - (%) (%) (%) (%) Baluchistan Wheels Limited133 37.13 132.00 132.00 124.30 126.60 -5.40 7,000 148.50 111.50 - - - - Sindh Modaraba 25-Jan 11:00 East West Life 594 - 18.00 18.00 18.00 18.00 0.00 8,000 22.80 16.00 - - - - Bank Al Habib Limited 26-Jan 12:00 Dewan Motors 1387 - 37.63 38.89 35.50 36.34 -1.29 8,207,500 43.90 33.30 - - - - EFU Life Assurance 1000 14.16 209.31 217.00 206.00 208.82 -0.49 59,000 236.00 162.00 100 - 10 - General Tyre 598 55.32 277.56 284.90 272.50 277.13 -0.43 520,600 302.17 239.65 70 - - - Jubilee Life In 721 25.36 532.30 570.00 533.00 570.00 37.70 16,000 578.40 500.70 135 - - - Faysal Bank Limited 26-Jan 12:15 Ghandhara Nissan 450 - 331.17 337.00 318.50 329.45 -1.72 2,892,500406.00 250.52 45 - 10 - Lucky Cement Ltd 26-Jan 11:30 Ghani Automobile Ind 500 - 13.08 13.50 12.05 12.15 -0.93 9,423,000 15.90 7.56 - - - - FINANCIAL SERVICES Al-Noor Sugar Mills Ltd. 26-Jan 11:00 Honda Atlas Cars 14286841.89 611.18 647.00 606.12 615.77 4.59 1,703,800795.00 520.00 50 - 70 - Hinopak Motors Limited 26-Jan 13:00 Indus Motors 786 63.27 1587.92 1620.00 1552.01 1574.18 -13.74 70,400 1794.90 1470.00 800 - 600 - Paid up Last 60 days 2015 2016 Attock Petroleum Limited 27-Jan 11:00 Pak Suzuki 823 35.24 570.78 640.00 573.00 620.14 49.36 2,588,000705.82 510.00 150 - - - Company Cap(mn) PE Open High Low Close Chg Volume High Low Div BR Div BR Sazgar Engineering 180 38.06 97.52 101.25 92.50 95.92 -1.60 519,000 110.90 70.01 20 - 10 - (%) (%) (%) (%) Siemens (Pakistan) Engineering Co. Ltd 27-Jan 13:30 Dynea Pakistan Limited 28-Jan 10:00 MCB-ARIF Habib 720 7.16 29.00 28.90 27.71 27.71 -1.29 22,500 36.05 27.32 33 - 15 - Ansari Sugar Mills Limited 30-Jan 9:00 FOOD PRODUCERS Arif Habib Limited 550 4.53 78.18 79.90 73.72 76.50 -1.68 326,000 89.79 55.90 70 - - - Paid up Last 60 days 2015 2016 Arif Habib Corp 4538 24.36 42.21 43.60 40.33 40.92 -1.29 2,015,000 45.74 35.74 40 - - - Dawood Equities 250 3.95 6.77 7.34 6.30 7.34 0.57 640,000 9.40 3.82 - - - - BOOK CLOSURES Company Cap(mn) PE Open High Low Close Chg Volume High Low Div BR Div BR Escorts Bank 441 - 3.63 4.10 3.40 4.00 0.37 460,500 6.76 2.00 - - - - (%) (%) (%) (%) First National Equity 1418 6.43 11.13 11.80 10.66 11.00 -0.13 445,500 12.90 7.46 - - - - Company From To Div/Bonus Spot Date AGM/ IGI Investment Bank 2121 33.50 2.79 2.85 2.60 2.68 -0.11 5,942,000 3.44 1.90 - - - - /Right EOGM Abdullah Shah Ghazi Sugar 793 17.05 8.01 8.24 7.35 7.50 -0.51 381,000 12.09 5.77 - - - - Invest and Fin Sec 200 19.49 105.67 134.84 110.67 134.84 29.17 614,000 146.00 38.97 203 - - - Adam Sugar XD 173 8.32 52.13 52.92 47.00 52.92 0.79 121,000 58.63 42.00 - - - - Invest Bank 2849 3.21 2.40 2.46 2.25 2.28 -0.12 819,000 3.78 1.38 - - - - Al-Abbas Sugar Mills 23-Jan 30-Jan 40(F) - 30-Jan AL-Noor Sugar XD 205 - 74.00 74.85 71.25 72.00 -2.00 41,500 85.00 61.75 33 - - - Ist Cap Securities 3166 152.50 6.38 6.50 5.99 6.10 -0.28 13,823,000 7.75 5.06 - - - - Ist Dawood Bank 1484 92.75 3.85 3.96 3.65 3.71 -0.14 3,351,500 8.63 1.92 - - - - Dewan Cement 23-Jan 30-Jan - - 30-Jan Chashma Sugar XD 287 13.00 92.14 98.00 88.20 90.50 -1.64 139,800 107.00 76.00 25 - - - Jah Siddiq Co 9159 7.63 23.84 25.45 22.75 23.58 -0.26 53,724,000 26.90 19.40 - 20R - - Dewan Farooque Spng Mills 23-Jan 30-Jan - - 30-Jan Clover Pakistan 94 - 51.74 52.30 48.50 50.27 -1.47 210,500 66.74 41.53 25 - 575 - JS Global Cap 380 10.96 56.50 56.00 55.00 55.00 -1.50 5,500 58.74 44.51 - - - - Dewan Sugar Mills 23-Jan 30-Jan - - 30-Jan Data Agro 40 - 20.14 20.49 18.22 20.20 0.06 11,000 22.30 15.54 - - - - JS Investment 802 7.03 15.40 15.75 15.10 15.25 -0.15 249,500 17.50 13.75 - - - - Dewan Sugar 665 - 7.16 7.48 6.90 7.18 0.02 208,500 9.00 6.17 - - - - Orix Leasing 821 5.68 46.77 47.44 45.50 46.39 -0.38 140,000 50.00 43.50 45 - - - Sanghara Sugar Mills 23-Jan 31-Jan 6(F) - 31-Jan Pervez Ahmed Sec 1866 - 2.59 2.73 2.46 2.58 -0.01 5,551,000 3.68 2.00 - - - - Al-Noor Sugar Mills 24-Jan 02-Feb 40(F) 20-Jan 31-Jan Faran Sugar 250 19.72 152.48 175.90 154.00 169.63 17.15 434,200 179.90 146.00 68 - - - Saudi Pak Leasing 452 20.19 3.56 4.30 3.15 3.23 -0.33 2,864,500 4.30 1.92 - - - - Habib Sugar XD 750 32.60 47.00 47.98 46.00 46.95 -0.05 136,000 52.88 41.50 50 - - - Sec Inv Bank 514 480.00 4.31 4.80 3.80 4.80 0.49 119,000 7.08 2.80 - - - - Bhenero Textile Mills 24-Jan 31-Jan - - 31-Jan Habib-ADM Ltd 200 7.16 24.45 24.50 23.00 24.33 -0.12 32,500 27.79 21.00 60 - - - Security Leasing 363 - 7.51 7.67 6.97 7.26 -0.25 97,000 8.50 5.97 - - - - D.M. Textile Mills 24-Jan 31-Jan - - 31-Jan Haseeb Waqas 324 - 12.91 14.20 12.00 12.60 -0.31 2,747,000 20.40 6.30 - - - - Trust Brokerage 100 - 6.60 9.66 6.06 9.66 3.06 754,000 12.20 3.18 - - - - Hussein Industries 24-Jan 30-Jan - - 30-Jan J D W Sugar XD 598 284.64 548.85 586.35 531.91 586.35 37.50 14,000 600.00 437.48 100 - 20 - Trust Inv Bank 892 22.50 3.69 4.30 3.50 4.05 0.36 950,000 6.22 2.35 - - - - Mehran Sugar 320 9.92 193.75 199.00 181.00 181.01 -12.74 20,700 215.99 178.10 60 - 28 - Jauharabad Sugar Mills 24-Jan 31-Jan 10(F) 20-Jan 31-Jan Mirpurkhas Sugar XD 123 22.12 211.00 212.00 199.36 200.00 -11.00 25,300 239.00 192.00 - - - - EQUITY INVESTMENT INSTRUMENTS JDW Sugar Mills 24-Jan 31-Jan 150(F) 20-Jan 31-Jan Mirza Sugar 141 - 4.16 4.40 4.02 4.10 -0.06 66,000 5.95 3.50 - - - - Shahmurad Sugar Mills 24-Jan 02-Feb 24(F) 20-Jan 31-Jan Paid up Last 60 days 2015 2016 Mithchells Fruit 79 16.86 350.00 360.00 330.00 332.56 -17.44 14,800 404.90 313.00 25 - - - Company Cap(mn) PE Open High Low Close Chg Volume High Low Div BR Div BR Shakarganj Ltd 24-Jan 31-Jan - - 31-Jan National Foods 1036 19.61 374.94 389.99 365.00 371.01 -3.93 84,100 401.98 289.00 200 - - - Imperial Suagr Mills 24-Jan 31-Jan - - 31-Jan Nestle Pakistan 453 52.21 8700.00 9000.00 8610.00 8712.51 12.51 13,040 9300.00 7901.00 1,900 - - - (%) (%) (%) (%) Ansari Sugar Mills 24-Jan 31-Jan - - 31-Jan Noon Sugar 165 5.03 45.00 48.00 43.71 46.25 1.25 134,500 53.49 38.50 - - - - 1st Fid Leasing 264 16.85 4.50 4.70 4.10 4.38 -0.12 374,500 5.94 2.11 - - - - Baba Farid Sugar Mills 25-Jan 31-Jan - - 31-Jan Pangrio Sugar 109 - 4.51 5.10 4.41 4.60 0.09 130,500 6.34 4.31 - - - - AL-Noor Modaraba 210 - 5.55 5.55 5.05 5.25 -0.30 67,500 6.50 3.82 5 - - - Punjab Oil 54 47.73 325.00 320.00 305.11 315.00 -10.00 9,400 350.00 301.00 120 - 60 - B F Modaraba 75 8.68 10.50 10.50 10.50 10.50 0.00 5,500 11.45 8.20 7 - - - Baba Farid Sugar Mills 25-Jan 31-Jan - - 31-Jan Quice Food 985 - 9.27 9.60 8.81 8.85 -0.42 3,477,500 10.69 7.75 - - - - B R R Guardian Modaraba780 9.22 8.61 8.89 8.00 8.30 -0.31 1,272,000 8.99 6.60 4 - - - Faran Sugar Mills 25-Jan 31-Jan 50(F) 23-Jan 31-Jan S S Oil 57 3.35 48.75 57.00 50.00 56.10 7.35 67,500 57.00 0.00 - - - - Crescent St Modaraba 200 - 6.07 6.55 4.50 5.00 -1.07 312,000 9.25 3.00 - - - - Elite Cap Modaraba 113 8.32 8.05 9.79 6.24 6.24 -1.81 8,842,000 12.02 3.30 6 - - - Haseeb Waqas Sugar Mills 25-Jan 31-Jan - - 31-Jan Sakrand Sugar 223 - 6.70 7.20 6.50 6.82 0.12 69,500 9.69 3.80 - - - - Equity Modaraba 524 32.86 5.94 6.90 5.40 6.90 0.96 2,959,500 7.98 4.00 2 - - - Husein Sugar Mills 25-Jan 31-Jan - - 31-Jan Shahmurad Sugar XD 211 29.72 64.00 65.00 58.44 63.00 -1.00 29,500 75.99 54.00 35 - - - Golden Arrow 760 3.35 12.45 12.59 12.28 12.42 -0.03 1,665,500 14.70 11.00 69 - - - Shahtaj Sugar XD 120 15.51 184.00 188.50 170.00 178.72 -5.28 41,500 206.16 141.00 - - - - Habib Modaraba 1008 6.93 10.82 11.00 10.51 10.53 -0.29 657,000 12.15 9.75 22 - - - Mehran Sugar Mills 25-Jan 31-Jan 22.5(F) 23-Jan 31-Jan I B L Modaraba 202 19.23 5.36 5.30 4.90 5.00 -0.36 79,500 5.75 3.67 2 - - - Noon Sugar Mills 25-Jan 31-Jan 10(F) - 31-Jan KASB Modaraba XD 481 16.09 3.22 4.00 3.28 3.70 0.48 56,000 4.00 2.45 1 - - - HOUSEHOLD GOODS Mod Al-Mali XD 184 22.00 5.35 5.50 5.01 5.50 0.15 37,000 8.00 3.26 2 - - - Habib Bank 28-Jan 03-Feb - - 03-Feb Nat Bank Modaraba 250 - 4.90 5.10 4.40 4.47 -0.43 297,000 5.83 3.00 - - - - East West Insurance 28-Jan 04-Feb - - 04-Feb Paid up Last 60 days 2015 2016 Pak Modaraba 125 36.50 5.57 5.52 4.35 4.38 -1.19 1,499,000 7.98 2.00 1 - - - Kohat Textile Mills 28-Jan 03-Feb - - 03-Feb Company Cap(mn) PE Open High Low Close Chg Volume High Low Div BR Div BR Paramount Modaraba 138 11.01 10.30 9.75 9.25 9.25 -1.05 11,000 10.39 8.40 815B,30R - - Globe Textile Mills (OE) 30-Jan 06-Feb - - 06-Feb (%) (%) (%) (%) PICIC Growth Fund 2835 4.50 27.08 28.99 26.80 28.91 1.83 3,797,000 32.40 25.00 - - - - PICIC Inv Fund 2841 4.09 12.20 13.70 12.25 13.58 1.38 4,788,000 15.06 10.66 - - - - Savings & Investment 31-Jan 06-Feb - - 06-Feb Diamond Ind 90 13.58 46.08 46.99 42.00 44.53 -1.55 7,000 46.99 0.00 - - - - Prud Modaraba 1st 872 11.10 3.82 3.95 3.37 3.44 -0.38 4,318,000 4.80 1.76 2 - - - Punjab Modaraba 340 4.52 10.80 12.65 10.25 12.52 1.72 1,216,000 13.43 5.00 5 - - - K-Electric -TFC 03-Feb 11-Feb - - 11-Feb Hala Enterprise 68 - 10.75 10.45 9.31 9.31 -1.44 18,000 14.66 7.65 - - - - Tri-Star 1st Modaraba 212 - 8.74 8.74 8.00 8.00 -0.74 17,500 16.76 0.00 - - - - Atlas Insurance 04-Feb 10-Feb - - 10-Feb Pak Elektron 4977 105.98 69.81 70.50 67.31 67.83 -1.98 5,108,500 83.48 65.10 13 - - 25R Tri-Star Mutual 50 - 16.32 18.85 15.32 18.66 2.34 151,500 23.75 12.50 - - - - Singer Pak 454 47.04 45.15 45.75 42.10 42.81 -2.34 624,500 71.27 35.25 - - - - Trust Modaraba 298 10.34 6.16 6.75 5.85 6.00 -0.16 115,500 8.00 0.00 4 - - - Indications Tariq Glass Ind 735 35.69 99.92 100.00 95.00 96.35 -3.57 751,000 113.90 81.01 - - - - U D L Modaraba XD 264 6.16 35.53 36.50 34.50 34.95 -0.58 104,000 42.43 28.53 45 - - - # Extraordinary General Meeting FOREX &COMMODITIES 7 Monday, January 23, 2017 New Zealand Oil prices jump 2pc ahead of dollar continues Dollar mixed to make headway producers' compliance meeting vs greenback WELLLINGTON: The after Trump's LONDON: Oil prices Reuters. up by $1.05, or 2 percent, stocks reduced, the agree- New Zealand dollar con- rose more than 2 percent Saudi Arabia's energy at $52.42 a barrel before ment will need to be tinued to gain against the on Friday on expectations minister said 1.5 million expiring. The more active strictly implemented over US dollar today as the that this weekend's meet- bpd had already been March contract settled up a considerable period of greenback slipped ahead inauguration speech ing of the world's top oil taken out of the market. 2.1 percent at $53.22. time," Commerzbank of US president-elect producers would demon- "The petroleum markets For the week, both con- said in a note. Donald Trump's inaugu- NEW YORK: The dollar eign exchange at TJM Market uncertainty kept strate compliance to a are moving higher in tracts were largely "This is particularly ration.New Zealand dol- edged lower in choppy Brokerage in Chicago. the dollar in a tight range global output cut deal, Friday trade on the latest unchanged. true given that U.S. oil lar continues to make trading on Friday as "Overall, we're seeing the after a volatile week that but rising U.S. drilling round of positive talk Prices pared gains after production is rising again headway vs greenback, investors found few rea- U.S. dollar consolidating underlined growing activity limited gains. about how much supply data from energy services and given that the oil sup- Trump inauguration in sons to make big bets on some of the recent gains uncertainty over how Members of the oil producers have taken firm Baker Hughes ply from Libya and focus By Rebecca the U.S. currency follow- and it's similar to ... con- Trump would govern. Organization of the offline ahead of Sunday's showed U.S. drilling Nigeria may be expand- Howard ing newly sworn-in solidation we saw in the "Did he give us any- Petroleum Exporting review by OPEC and companies this week ed." U.S. crude invento- The local currency rose President Donald Trump's early part of last year fol- thing we didn't already Countries and some other non-OPEC representa- added the most oil rigs in ries unexpectedly soared to 72.14 US cents as at inauguration speech. lowing the Fed's 2015 know? No," said Richard producing countries tives in Vienna," Tim nearly four years. 2.3 million barrels last 5pm in Wellington, from The dollar index, which rate hike." Franulovich, senior cur- including Russia will Evans, Citi Futures' ener- Swelling oil stockpiles week as refineries sharply 71.67 cents at 8am and tracks the greenback The Federal Reserve rency strategist at meet in Vienna this week- gy futures specialist, said in the U.S. and rising slowed production, while 71.38 cents late yester- against six major curren- raised U.S. overnight Westpac Banking end to establish a mecha- in a note. shale production could gasoline builds were day. The trade-weighted cies, briefly fell to session interest rates in December Corporation. "But I was nism to verify compli- Brent crude ended the threaten market rebalanc- much larger than expect- index advanced to 78.90 lows during Trump's for the first time in 2016. struck by the very com- ance with a deal to cut 1.8 session up $1.33, or 2.5 ing, analysts said. ed amid weak demand, from 78.31. remarks in which he Its rate hike in December bative, muscular tone to million barrels per day percent, at $55.49 a bar- "For a lasting balance the Energy Information "The kiwi made big pledged to put "America 2015 was the first in close his speech." (bpd) of output, OPEC's rel. U.S. crude for to be restored on the oil Administration said on changes overnight and first," reigniting some to a decade. The dollar index fell 0.1 secretary general told February delivery closed market and the very high Thursday. that continued into Asia," worries of protectionist The dollar fell against percent. It has risen about said Stuart Ive, senior policies. the euro, Japanese yen 3.5 percent since Trump's dealer foreign exchange But the decline was and British pound after Nov. 8 election victory, Sri Lankan at OMF in Wellington. modest as Trump did not posting some modest but has shed more than 1 C$ steady following Ive said markets in gen- touch on specific eco- gains earlier on Friday. percent so far in January rupee ends eral are a "mixed bag" as nomic or trade policies. It rose against the on growing concerns people position ahead of "There wasn't anything Australian, New Zealand about Trump's protection- firmer in Trump taking office. "He that appeared to elicit a and Canadian dollars, as ist rhetoric and recent earlier losses on and his policies will be strong market move- well as currencies of most comments about his dis- dull trade the focus for markets ment," said Richard other major commodity satisfaction with the next week," he said. "We Scalone, co-head of for- producers. strong dollar. COLOMBO: The Sri won't see any real direc- Lankan rupee ended domestic data tion until we get some slightly higher on Friday more clarity from the due to dollar selling by TORONTO, Jan 20 speech. And when that Schruder noted that Gold turns firm Trump administration. exporters in shortened The Canadian dollar didn't happen, for all the Canadian dollar's Trump's inauguration trade, dealers said. pared earlier losses fol- intents the market feels swing this week from will include his speech to Rupee forwards were lowing weaker-than- as though it was ready around C$1.30 to just the nation, which may active, with two-week expected inflation and to call it a week," said below C$1.34 mirrored as dollar falls after provide an update on his forwards ending at retail sales data, to fin- Brad Schruder, direc- moves in mid October 150.85/00 per dollar, policy plans for the ish little changed tor, foreign exchange following comments world's biggest econo- firmer from Thursday's against its U.S. coun- sales at BMO Capital from the Bank of close of 151.00/10. my." Trump inauguration terpart on Friday. Markets. Canada. The spot rupee was The kiwi got a further Canada's annual The Canadian dollar "That suggests to me lift today after comments NEW YORK/LON- sion. downside in the short quoted around the central inflation rate rose to ended at C$1.3327 to that as USD/CAD bank's reference level of from Federal Reserve DON: Gold prices turned A weaker dollar makes term," Mitsubishi's Butler 1.5 percent in the greenback, or 75.04 approaches C$1.30, the chair Janet Yellen who up on Friday, as the dollar the metal cheaper for said. 150.15, dealers said. December from U.S. cents, little Bank of Canada would "It was a dull day and was "not so upbeat about fell and U.S. Treasury holders of other curren- In other precious met- November's 1.2 per- changed from the Bank much prefer to see the not much happened," a US rate hikes. She was yields came off their cies. als, palladium rallied as cent, short of analysts' of Canada's official Canadian dollar weaken currency dealer said ask- more measured," said highs after Donald Trump Gold shrugged off bet- much as 5.2 percent to ing not to be named. forecasts for an close of C$1.3314, or from that point, rather Ive. Among other things, was sworn in as U.S. ter-than-expected U.S. $792.90 an ounce, the The banks closed dur- increase to 1.7 percent, 75.11 U.S. cents. The than pick up any steam Yellen said she doesn't president. jobs, housing and factory highest since May 2015. ing the latter half of the while retail sales edged currency's strongest below that level," said see the US economy at Trump pledged to end data that reinforced the "Some of the good feel- day to mark a Hindu reli- up 0.2 percent in level of the session was Schruder. Canadian risk of overheating. the "American carnage" view that the U.S. econo- ing generated by expecta- gious holiday that fell November, just shy of C$1.3285, while its government bond prices News that China's of social and economic my is sufficiently robust tions for expansionist during the previous expectations for an weakest level was were mostly higher industrial output eased in woes in an inaugural to warrant interest rate economic policies are weekend. increase of 0.5 percent. C$1.3388. It has weak- across the maturity December while the address that was a pop- rises. good for the PGMs," The rupee has been Markets were focused ened roughly 2 curve, with the two- economy accelerated ulist and nationalist rally- Philadelphia Federal Steel said, referring to the under pressure due to ris- on the inauguration and Canadian cents, or 1.5 year price up 3.5 slightly in the fourth ing cry, prompting Reserve President Patrick platinum group metals. ing imports and net sell- speech by incoming percent on the week. Canadian cents to yield quarter, however, had lit- investor concern about Harker said on Friday he "Palladium is more sen- ing of government secu- U.S. president Donald Earlier in the week, 0.772 percent and the tle impact on the kiwi. protectionist trade poli- expected three interest sitive because the funda- rities by foreign Trump to see if he the loonie, which had benchmark 10-year ris- Ive said the main event cies. rate increases in 2017 if mentals are a lot tighter. investors, and a central would give any indica- been trading near the ing 9 Canadian cents to risk, aside from any news "I think some of the the labor market A lot of this gets translat- bank decision to adjust tion on the new admin- C$1.30 level against yield 1.75 percent. out of the US, will be populist issue themes that improves further and ed into auto demand." the spot rupee reference istration's policies. the U.S. dollar, took a The Canada-U.S. next week's inflation he's touched on are sup- inflation moves to the Silver rose 0.5 percent at rate to a record low of "The market in gener- tumble after Bank of two-year bond spread data, due Thursday in portive of gold," said Federal Reserve's 2 per- $17.09, while platinum 150.15 rupees to the dol- al ... were anxiously Canada Governor was -42.1 basis points, New Zealand. James Steel, chief metals cent goal. gained 2.2 percent at lar. awaiting any type of Stephen Poloz indicat- while the 10-year Economists expect infla- analyst for HSBC Gold is highly sensitive $978.90 The decline in Officials from the cen- surprise comment dur- ed that an interest rate spread was -71.9 basis tion was 0.2 percent in Securities in New York. to rising rates, which lift diesel vehicles in Europe tral bank were not imme- ing the inauguration cut was still possible. points. the final three months of Spot gold was up 0.5 the opportunity cost of is a threat to diately available for 2016 for an annual rise of percent at $1,211.30 an holding non-yielding platinum prices, comment. 1.2 percent, according to ounce by 3:04 p.m. EST assets such as bullion Macquarie said in a note. Sri Lanka's central the median in a (2004 GMT), while U.S. while boosting the dollar, "In 2017, if the bank sold $233 million Pound limps away from gold futures settled up in which it is priced. European (auto) market worth development BusinessDesk poll. If the data pans out it will mark 0.3 percent at $1,204.90 "Gold has dropped back grows at the 2-3 percent bonds on Thursday, and per ounce. from quite a significant rate our research group investors say they expect the first time inflation is back in the Reserve The U.S. dollar index, technical level around expects, a similar market that to ease some pres- frantic week higher which measures the $1,220, a critical retrace- share decline for diesel sure on the rupee. Bank's 1 percent-to-3 LONDON: Britain's percent band in more greenback against a bas- ment of last year's high to will mean falling sales The rupee has also ket of currencies, fell 0.4 low move. I would say and a hit to platinum been under pressure due pound emerged from than two years. one of its most turbulent percent after trading from here the risks are demand of something to selling of government higher earlier in the ses- skewed to the like 35,000 oz." bonds by foreign weeks in decades with Rouble edges up investors. its strongest gain against Foreign investors have the dollar since the start ahead of Trump net sold 16.1 billion of December. rupees ($107.3 million) Sterling had recovered inauguration Copper recovers from the early disap- worth government secu- MOSCOW: The Russian rities in the week to Jan. pointment on Friday of the weakest UK retail rouble edged up on 11, according to the latest Friday, buoyed by as dollar slips, but central bank data. sales figures in almost five years, to stand at stronger oil and end-of- $1.2329 by the time month tax payments, with Wheat remains Donald Trump ended his that had built up. a Reuters poll for a 0.1 thin trading ahead of the China worries weigh inauguration of U.S. weak on tepid first speech as U.S. "We put out a positive percent decline. LONDON: Copper prices tations for the rebuilding tors such as infrastructure, President. sterling recommenda- "We have had a big President-elect Donald Trump. rose on Friday as the dol- of America by Donald manufacturing and prop- That was fractionally tion at the start of the slide in sterling and that lar slipped, but gains were Trump," said SP Angel erty, slowed," Julius Baer demand At 0957 GMT, the rou- lower on the day, but week but we have taken is bound to start show- capped by weak invest- analyst John Meyer. "But analysts said in a note. NEW DELHI : Wheat over 1 percent higher profit on that now," Cole ing up in consumer con- ble was 0.1 percent ment and industrial pro- at some stage reality must "Most notably, growth prices eased further by than the $1.2175 it had said. fidence. Our view is that stronger against the dollar duction data from top con- set in. in infrastructure invest- Rs 30 per quintal at the started the week at, hav- "It is likely to go quiet this is going to be a slow at 59.66 and had gained sumer China fuelling wor- U.S. infrastructure ment dropped to just over wholesale grains market ing also made almost 1 now until after Article burner," said Unicredit's 0.3 percent to trade at ries about demand. spending is not widely 5 percent after peaking at owing to muted demand percent on the euro.. 50 is triggered and will global head of FX strat- 63.51 versus the euro. Traders said the market expected to be a game more than 20 percent last from flour mills against And what a wild week need the data to turn egy Vasileios Gkionakis. Some experts expect was waiting to hear more changer for industrial summer ... Weakness in adequate stocks posi- it has been. from positive to nega- "At current levels I Trump to lift or at least on Donald Trump's plans metals demand. property is looming, how- tion. Prime Minister tive or the politics to get retain a bearish bias, on ease penalties the West for the U.S. economy after China, which accounts ever, as regulation was However, rice basmati Theresa May's most ugly before we see the fundamental front imposed on Moscow in his inauguration as for about half of global tightened last year and ended higher on scat- detailed speech yet on another leg lower." nothing has really response to its annexation President. demand for industrial oversupply in many Benchmark copper on metals, will remain the lower-tier cities persists." tered demand. Britain's approach to Article 50 refers to the changed," he added, of Crimea and its role in the London Metal main focus this year. Three-month aluminium Traders said besides leaving the European EU treaty clause that saying the political the military conflict in eastern Ukraine, likely Exchange closed 0.2 per- Its Lunar New Year hol- closed with a 1 percent sluggish demand from Union, and signs that Britain needs to invoke noise was also likely to cent up at $5,748 a tonne iday, starting Jan. 27, is gain at $1,845 a tonne, supporting the Russian flour mills, sufficient banks are readying to to formally launch a increase as Britain's but is on course for its expected to subdue having earlier touched a stocks position in the shift staff from London, two-year divorce government prepares to currency and stock index- first weekly loss since demand and manufactur- 20-month high of market mainly kept pres- have given investors a process. May has said trigger the start of the es. before the Christmas ing activity this month $1,852.50 on talk that sure on wheat prices. somewhat clearer view she will do this by the EU exit process. "Today's Donald break. and next as factories China might have to cut In the national capital, of what Brexit is likely end of March. That will move a step Trump's inauguration The dollar lost ground close, sometimes for two smelting capacity because wheat dara (for mills) to look like. Data has been broadly nearer next week when address could make a after New York opened, to three weeks. of environmental con- fell by Rs 30 to Rs The pound took two mixed this week, with Britain's top court remarkable impact on the making commodities Analysts say that above- cerns. Zinc closed 0.1 per- 2,000-2,010 per quintal. major beatings on upbeat wage growth fig- decides whether parlia- whole group of risky priced in the currency consensus Chinese eco- cent down at $2,767, lead Atta chakki delivery fol- Monday and Wednesday, ures offset by weaker ment has to give its assets, including the rou- cheaper for non-U.S. buy- nomic growth of 6.8 per- rose 1.1 percent to $2,309 lowed suit and traded but in between saw a 3 hiring and investment approval for invoking ble," Mikhail Poddubsky, ers, potentially boosting cent in the final quarter of and nickel ended 2.3 per- demand. last year will support sen- cent lower at $9,700. lower by a similar mar- percent surge, its numbers. Article 50. analyst at biggest leap since the Official national retail Online spreadbetter Promsvyazbank, said in a However, higher U.S. timent but also note that Tin slid 2.3 percent to gin to Rs 2,020-2,050 interest rates later this investment and industrial $20,210, up from an earli- per 90 kg. 1990s. RBC's head of sales released on Friday Betfair has a 90 percent research note. G10 FX Strategy Adam saw the biggest fall probability that the Brent crude oil LCOc1, year are expected to send production data for er two-month low of On the other hand, rice the dollar above recent December suggest slower $20,020. Traders said tin a global benchmark for basmati Pusa-1121 vari- Cole said that jump had since April 2012, drop- Supreme Court will highs. demand growth. was coming under pres- ety edged up to Rs made the pound one of ping 1.9 percent month- uphold a ruling by a Russia's main export, was "The dollar will be key "Growth in fixed-asset sure from expectations of 5,100-6,300 from previ- the week's outperform- on-month in December, lower court that parlia- up 1.2 percent at $54.80 a for metals, which have investment, which is a higher supplies and rising ous level of Rs 5,100- ers and shaken out some which was far below ment should get a vote barrel. Russian share been remarkably resilient, major source of metals stocks in LME-approved 6,200 per quintal. of the short positions economists' forecasts in on the matter. indexes dipped. partially driven by expec- demand and includes sec- warehouses. 8 Monday, January 23, 2017 Page Editor: Zaheer Ahmed Shaikh
Emirates to open up Lufthansa not in talks with Dubai luxury lounges to Etihad over stake lower-tier frequent flyers FRANKFURT: Germany's state-owned airline, as a pre- Etihad, but about more code- would be. Barclays analysts Airways-owner IAG by pur- DUBAI: Emirates is open- woman confirmed to make a play in this space," Lufthansa is not in talks cursor to a merger. sharing and catering coopera- described it as "implausible". chasing shares on the open ing up its lounges at its Reuters that the email was he told Reuters by email. about Etihad Airways taking The report sent Lufthansa's tion. In Europe an airline must market. That has boosted Dubai hub to lower-tier fre- sent out to Skywards mem- Emirates, trying to count- a stake in the German airline, share price up by over 6 per- There have also been be majority-owned by EU links between Europe and the quent flyer members in bers. er the impact of overcapaci- two sources familiar with the cent earlier on Tuesday media reports that Italian investors in order to maintain Asia-Pacific region. Credit matter said on Tuesday, deny- before closing up 4.3 percent shareholders in Alitalia are its traffic rights under inter- Suisse said Lufthansa, what is the latest move by Other changes to the ty in the market and tighter ing an Italian newspaper at 11.81 euros. keen for Lufthansa to invest national air service agree- though, already had joint the world's largest long-haul lounge access policy corporate travel budgets, is report that said it was. Media speculation has in the Italian carrier, which is ments. ventures with Singapore airline to look for new ways include Skywards members looking at other additional "A financial stake is out of swirled around Etihad and working on a fresh turn- Lufthansa is currently Airlines, Air China and All to boost revenues. being allowed to pay for revenue sources, including the question at the moment," Lufthansa in recent months around plan, along with spec- almost 69 percent owned by Nippon Airways covering Emirates, which reported access for non-member fees on bags. one source, who is familiar as Etihad grapples with two ulation that Lufthansa could German investors but 13 per- the region. a 75 percent drop in half- travel companions and The airline introduced with Lufthansa's plans, said. loss-making European air- take on more of Air Berlin. cent is in the hands of U.S. However, greater coopera- year profit in November, upgrading from business to fees for advanced seat A source familiar with state- lines in which it owns minor- However, Lufthansa execu- investors and a further 9 per- tion with Lufthansa could had previously restricted first class lounges, accord- selection for economy pas- owned Etihad also said Abu ity stakes - Alitalia and Air tives have repeatedly said in cent is owned by other help Etihad, especially given access to these lounges to ing to the email dated Jan. sengers in October. Dhabi would not want to pay Berlin. recent weeks that they have nationalities. the growth of Qatar Airways, higher-tier frequent flier 13. Emirates has said it for a stake in Lufthansa. Lufthansa and Etihad last their hands full integrating In addition, if Etihad CAPA-Centre for Aviation members and business or Will Horton, senior ana- planned to introduce premi- Il Messaggero earlier month signed a code-sharing the Air Berlin planes into its wished to buy more than 30 senior analyst Will Horton first class travellers. lyst at CAPA - Centre for um economy, a class reported, without citing deal linking up their route operations as well as taking percent of Lufthansa, it said. In an email sent out to Aviation, said there could between economy and busi- sources, that managers from networks and said they would over Brussels Airlines. would have to make an offer "The rapid growth of Qatar Skywards frequent flier be higher profit on lounge ness, by 2018. both companies have for look at further cooperation Analysts reacted with scep- for the company as a whole Airways and its future expan- members, seen by Reuters, entrance fees than tickets In a bid to cut costs, weeks been examining the after Lufthansa agreed to ticism to the report, citing according to German sion will make it harder and passengers with Blue-tier given that it is rare for Emirates has offered redun- possibility of Etihad buying a lease 38 crewed planes from foreign ownership rules gov- takeover rules. costlier for Etihad to stay rel- status, the lowest of four guests to consume food and dancies to staff working in 30-40 percent stake in Air Berlin. erning international traffic Etihad's local rival Qatar evant on its own - everything membership categories, can beverages worth more than accounting, finance, IT and Lufthansathrough a sale of The first source said rights, and questioning what Airways has built up a 20 else aside," he said in an pay $100 to access the air- the fee. other head-office depart- new shares to the Abu Dhabi Lufthansa was talking to the benefits for Lufthansa percent stake in British emailed comment.-Reuters line's Dubai business "With a proliferation in ments, sources told Reuters lounge and $200 for the first the number and quality of on Dec. 10 The airline has class lounge. pay-as-you-go lounges, it not responded to the report.- An Emirates spokes- makes sense for Emirates to Reuters Scaramucci's SkyBridge sells itself, Search for missing investment team to stay put BOSTON/BEIJING: The ment. Last week, HNA said it "Now, together with the ty, the company said. firm or its well-known indus- hedge fund investment firm would spend $460 million to world-class resources and HNA's Avolon Holdings try conference, the MH370 to end in two founded by Anthony purchase New Zealand asset networks of HNA and also agreed that month to buy SkyBridge Alternatives Scaramucci said it will sell a finance firm UDC. Transatlantic, we feel the CIT Group's aircraft leasing Conference. majority of itself to RON "Our investment in 'sky' is the limit for how far assets worth $10 billion. Known on Wall Street as Transatlantic EG and an arm SkyBridge is an important we can take SkyBridge," The $12 billion the "Mooch", Scaramucci weeks: Malaysia of Chinese aviation and step in HNA Capital's strate- George Hornig, Chief SkyBridge's investment man- announced on Friday that he KUALA LUMPUR: in the wrong place. end soon and after that," tourism conglomerate HNA gy to build a global asset Executive of RON agement team, lead by Ray would be joining the White Malaysia said on Friday the But Malaysia's transport Liow was quoted as saying Group, four days after management business," Transatlantic Financial Nolte, will continue to run House staff as an adviser and Scaramucci took a position in Guang Yang, CEO for HNA Holdings, said in the state- the company, offering clients public liaison to government hunt for missing Malaysia minister, Liow Tiong Lai, by state news agency President-elect Donald Capital U.S., said in a state- ment. access to hedge funds such as agencies and businesses. Airlines flight MH370 will told reporters the search of Bernama. Trump's administration. ment. The SkyBridge Daniel Loeb's Third Point, Word spread among bankers end in two weeks after the the 120,000 sq km area The report would be made SkyBridge Capital The deal comes as HNA Alternatives Conference, Michael Vranos' Ellington in mid-December that he had search is completed of a would be completed but the available online, he said, announced the deal on Group is rapidly expanding called SALT, grew into one Management Group and put the company up for sale 120,000 square kilometer hunt would then end in the adding: Tuesday. Terms of the sale, in the United States, where of the industry's biggest Steven Tananbaum's as he was setting his sights on (9,650 sq mile) area where absence of any "credible "Any decision based on which is expected to close in authorities have stepped up hedge fund conferences as GoldenTree Asset a position in Washington. experts thought it went clue" suggesting it be the report will be done the second quarter of 2017, scrutiny of Chinese state- Scaramucci got former U.S. Management LP. HNA Capital (U.S.), a unit down. extended. later." were not disclosed. backed deals. presidents, generals and Scaramucci, who founded of HNA Capital, and RON Investigators recommend- The latest report by the Flight MH370 disap- For HNA Group, which HNA Group, best known as money managers, along with SkyBridge in 2005 and Transatlantic already owned ed last month that the search search coordinator, the peared in March 2014 with announced about $20 billion the owner of Hainan Airlines thousands of others to join joined forces with Nolte five a minority stake in be extended by 25,000 sq Australian Transport Safety 239 passengers and crew on of deals in 2016 alone, the Co, announced in October him for days of lectures and years later when he bought SkyBridge. Between the two, km to an area further north Bureau, was due to be com- board, most of them stake purchase through its that it will fork out $6.5 bil- sunning by the pool in Las Citigroup Alternative the new majority owners are in the Indian Ocean, after pleted in a week or two, he Chinese, en route to Beijing financial arm HNA Capital lion to purchase a 26 percent Vegas. Investments Hedge Fund involved in beer brewing, conceding for the first time said. from the Malaysian capital, represents the latest move stake in hotel chain Hilton The conference will be Management Group, will no tourism, logistics and finan- they were probably looking "The search mission will Kuala Lumpur. -Reuters into financial asset manage- Worldwide Holdings Inc. spun off as a standalone enti- longer be affiliated with the cial services.-Reuters
Part 29 (Last) Travelogue 77 daysdays inin WonderfulWonderful ChinaChina cine, handicrafts and other souvenirs. the coaster outside the hotel at Manzar Naqvi When night comes, the stores are decorated with color- 9:20AM. We started waiting for ful sparkling lights. Even if you don't have any shopping our Guide, David who was Nanjing plan you will find the street itself a great attraction. scheduled to come at 9:30AM Wandering on the road and hungry? There are a lot of as Jhon informed us yesterday. excellent restaurants here offering delicious food and At 9:29AM, we all were very Road good service. happy that we would found at least one Chinese who will Shanghai come late from the scheduled Last dinner of the trip timing. But just before 30 sec- After heart-touching cruise onds to 9:30AM, we saw a gen- ride our next stop was busiest After the shopping from Nanjing Road we were taken tleman coming towards our shopping street of Shanghai, i.e. for our last dinner of this trip, of course, at a beautiful and coach, He introduced us as Nanjing Road where we were given one hour for shop- expensive Muslim Food Restaurant where lot of varieties David and gave us his visiting ping. According to web information Nanjing Road is was already ordered for our dinner. We all enjoyed the card and thus we failed to find always the synonym of flourish. There's a saying that food and courtesy of our hosts and took various pictures any Chinese getting late accord- goes 'you have not ever been to Shanghai unless you go for our memories. ing to their schedule. to the Nanjing Road'. Nanjing Road - China's premier After the dinner we moved towards our hotel. During shopping street - extends westwards from the Bund to the travel, Jhon told us that next day he would be busy so the junction of Jing'an Temple and the West Yan'an Road. he will not be able to see us off, same driver with coach David our The 3.4-mile long road has two sections of East Nanjing will be accompany us as usual but instead of him another Road and West Nanjing Road being separated by the Guide Mr David will come at 9:30 AM at our hotel to Middle Xizang Road. The west part of East Nanjing facilitate us for taking us from the hotel to the airport. I new Guide A view of Nanjing Road Shanghai. Road, from Middle Henan Road to Middle Xizang Road, asked Jhon that there is no need to depute another gentle- has been set up as a pedestrian street in 1999. we reached it took us 14 hours after spending memorable man for dropping us at the airport while the driver and his sees us off 7-day visit of Wonderful China with the courtesy of Today East Nanjing Road becomes the first choice for van will be available for us for going to the airport. But many fashion-seeking shoppers. A great many large Chinese Consulate Karachi. Jhon said it is necessary for us to drop you with our able shopping malls, time-honored stores, famous stores and from Shanghai guide who will also be helping us in the checking-in specialty shops cluster along both sides of the road. You process at the airport. David briefed us about his company, China and can find whatever you want - commodities, home appli- Shanghai on our way from Hotel to Shanghai Airport. Thank You China and ances, communication equipment, photographic equip- When we reached the airport, he helped us to put our lug- ment, fitness equipment, clothing, shoes, fabrics, cos- gage at the trolley. We thanked him for his assistance and its Envoys metics, jewelries, watches, glasses, books, food, medi- Reached back wished to saw off him but he insisted to remain with us cine and children's needs. throughout the checking-in process at the airport and he I am thankful to all members of the Chinese Consulate If you are interested in Chinese culture and art, the spe- at the hotel did everything for us including taking boarding cards and the Embassy of China at Islamabad, especially H.E cialty shops in East Nanjing Road will gratify your taste. Sun Weidong Ambassador of China in Pakistan, H.E Ma When we reached the hotel, Jhon saw us off meeting us and booking our luggage. He remained with and saw us You can choose from various special local products such off when we were entering for our terminal for the flight Yaou, the outgoing Consul General, H.E Wang Yu, the as silk, calligraphy, paintings, traditional Chinese medi- one by one with wet eyes. Next day, on Monday April new Consul General and H.E Dr Mu Yongpong, Vice 25th 2016, we checked out from the hotel and settled at from Shanghai to Beijing. We still have all loving mem- ories with David who remained with us for very little Consul General Chinese Consulate Karachi and, of time on the day of our departure from Shanghai. course, Tao Ran another envoy of Chinese Consulate who also coordinated for this amazing and wonderful week-long visit to China and looking forward to more Reached back home exploring China, in near future. From Shanghai to Karachi via Beijing and Islamabad Concluded
H.E Mr Sun Weidong H.E. Mr Wang Yu CG H.E. Mr Ma Yaou H.E Dr Mu Yongpeng Embassador of China in China at Karachi outgoing CG China Vice Consul General Mr David Qiu, our last guide in China with us at Shanghai Airport. Pakistan from Karachi China at Karachi. Monday, January 23, 2017 9
Future onward Brexit and Donald Trump as US President had been killed and made brated and expected oth- After a Brexit, the EU although the latest eco- 2.9% and continue at ployment rate inched fidence at reasonable lev- thousands of people dis- ers to follow the UK would lose its strongest nomic indicators have around this rate in the fol- down in October and eco- els. However, the depre- abled. In Hiroshima and example. The right-wing military power including been resilient, confidence lowing two years. The nomic sentiment rose in ciation of the pound, ris- Nagasaki it is said that Dutch populist Geert the British nuclear shield, in the Euro zone has con- improvement projected in November. In addition, ing inflation and insuffi- about 209 thousands were Wilders said that the and one of only two tinued to be undermined 2017 rests mainly on ana- the Euro fell to the lowest cient wage hikes risk killed in a single day Netherlands should fol- members that possess by political risks, the rise lysts' assumptions that the level seen in years fol- eroding household con- when America dropped low Britain's example and nuclear weapons and of national opt-outs from global economy will con- lowing the U.S. Federal sumption. Last month, atom bomb. Japanese hold a referendum on have a veto in the region-wide policy and tinue to be bolstered by a Reserve's decision to hike Finance Minister Philip troops massacred 200,000 whether the Netherlands Security Council of the the EU's struggle to deal continued recovery in interest rates. The depre- Hammond delivered the Muhammad Arif to 300,000 in Nanjing in should stay in the United Nations. with Brexit. Such are the developed economies - ciated currency should first budget statement December 1937. European Union. There has been debate threats that Europe faces supported by still accom- bode well for the region's after the referendum. In n 20th January Taiwan still remembers However, opinion polls in about whether other that questions such as the modative monetary poli- exports, which have been the next five years, the 2017, as sched- the massacre of more than the fortnight following member states will seek future of Greece, the cy in some economies hurt by subdued volumes government projects, Ouled, Donald 30,000 Taiwanese on 28 the British referendum to follow Britain's exam- region's immigration cri- and a renewed fiscal of global trade. higher borrowing and a Trump became President February, 1947 (also show that the immediate ple in leaving the sis and difficulties in its boost in others - and by The common-currency slower fiscal consolida- of USA and on 23rd June known as 2.28 incident). reaction in the European Union. banking sector are likely stronger economic activi- region's growth outlook tion were compared with 2016, United Kingdom In the same year thou- Netherlands and other However it has been to be pushed to the mar- ty in most of the emerging improved by 0.1 percent- the previous budget. had voted its withdrawal sands of people were European countries was a argued that most member gins for now. In the com- world. age points this month and Political uncertainty from the European massacred in the name of decline in support for states have a greater mon currency area, eco- Our 2017 global growth the Focus Economics stemming from the refer- Union. This is widely religion on emergence of Eurosceptic movements. dependence on the EU nomic growth has been forecast was left panel sees GDP expand- endum will continue to known as Brexit, a port- India and Pakistan. This Prior to the referendum, than Britain, and that the plodding at around 1.5% unchanged this month, ing 1.5% in 2017. A solid deter investment. Growth manteau of "British" and went further in 1971 the UK treasury estimated economies of many of the in 2016. The fate of Japan which reflects balanced domestic economy should is expected to decelerate "exit". All predictions, when Pakistan got sepa- that being in the EU has a smaller countries would is what European risks to the outlook. support the economy's in 2017 amid a slow- opinions and exit polls rated into two countries. strong positive effect on struggle greatly to survive economies are keen to However, certain threats momentum; however, down in real household analyses proved to be US invasion of Iraq trade and as a result the outside of the EU. avoid. GDP growth in persist. Among these political risks are elevated income growth. wrong against these two claimed more than UK's trade would be Global economic Japan remained lackluster threats are potential stum- in the face of a jam- However, accommoda- events. Trump's victory 180,000 innocent lives worse off if it left the EU. growth remained soft in in 2016, at around 0.5%. bling blocks in the Brexit packed election schedule tive policy action taken and unexpected Brexit and more than 500,000 On 5 January 2017, Andy 2016 for numerous rea- The economy continues negotiations, the resurfac- next year. In 2018, the by the BoE will soften happened in UK has soldiers. Still civil wars Haldane, the Chief sons which vary by to be constricted by a ing of another China- panel sees growth the impact. For 2018, stunned the whole world. are going on in Iraq, Economist and the region. Generally, the cul- shrinking workforce, a meltdown episode like remaining stable at 1.5%. GDP growth is projected With the ideologies of Afghanistan, Libya, Syria Executive Director of prits include structural rising old-age dependen- that seen in early 2016 - Economic activity in to accelerate to 1.3%. hyper-nationalism, cul- and many other countries. Monetary Analysis and adjustments in many cy ratio and tight immi- with a consequent decel- Japan has performed rela- Global inflation contin- tural and religious conser- We can add many sad sto- Statistics at the Bank of countries, efforts to gration controls. eration of its economy - tively well in Q4 as the ued to rise in November, vatism, we have seen ries of genocide and mass England, admitted that reduce overcapacity, 2016 proved to be a less and uncertainty related to weakening of the yen fol- edging up from 3.4% in political parties capturing destruction that happened forecasts predicting an recurring natural disas- uncertain year for most the economic policies of lowing Donald Trump's October to 3.5%. in Eastern Europe, in the past and still hap- economic downturn due ters, geopolitical events - emerging economies than the new Trump adminis- victory in the November November's print marked Philippines, Russia, pening today. The world to the referendum were such as Brexit, a coup d'é- had seemed likely. tration, which have the U.S. presidential election the highest inflation rate India, China and some is bleeding because of our inaccurate and noted tat in Turkey and the Expectations of a U.S. potential to stir things up and a modest pick-up in in more than two years. countries in Africa and claim that my religion strong market perform- ongoing civil war in tightening cycle in 2016 drastically in the global global growth supported Although the increase Latin America, and now and my race are superior ance after the referendum. Syria, among others - and dissipated as the year pro- economy. In terms of business confidence. On stemmed mainly from in US, one of the most to others. The denial of Shortly after the refer- heightened uncertainty gressed - the first rate political risks, the wave the downside, poor gains higher commodities powerful countries in the diversity and respect of endum, the German par- related to the U.S. presi- hike was ultimately post- of change seen in 2016 in in wage growth continue prices, the cost of global world, by the right-wing others have caused much liament published an dential election, as well as poned until the end of the a number of countries to constrain private con- raw materials remains populist politicians. destruction all over the analysis on the conse- potential policy changes year - and the greenback including the UK, the sumption. Although GDP low, given that most From these events it is world. quences of a Brexit on the in the U.S. and a number rally stalled. This prompt- U.S. and Italy will contin- expanded for the third commodities markets yet to be ascertained that We have heard protec- EU and specifically on of other major ed many emerging market ue unrelentingly in 2017 consecutive quarter in remain oversupplied. whether the resurgence of tionist and exclusive slo- the economic and politi- economies. central banks to cut inter- and uncertainly related to Q3, the reading was Disinflationary pres- right-wing populist politi- gans towards immigrant, cal situation of Germany. Comprehensive data est rates, boosting dispos- recent geopolitical events revised down due to a sures are still strong in a cal movements are race, other cultures and According to this, Britain showed that the global able income. Moreover, will persist. worse-than-expected per- number of advanced emerging due to failure of religions in US election. is, after the United States economy grew 2.6% investors went back on Looking at individual formance in private economies. Against this globalization and free Such attitude and action and France, the third most year-on-year in Q3 (at the hunt for higher-yield- countries, this month's investment and a sharp backdrop, most central market system. A vast will make our world, a important export market current exchange rates) ing assets, capital flowed global outlook for 2017 destocking process. banks are implementing majority of working world of hatred and mis- for German products. In and remains on track to back into emerging mar- showed an upward revi- Moreover, a change in largely accommodative class, farmers are not left trust. We must protect and total Germany exports have grown 2.5% overall kets and bond issuance sion to growth prospects accounting standards and monetary policies, which to struggle for their sur- respect diversity. To goods and services to in 2016, in line with likely reached a record for major economies such the base year for GDP include, in some cases, vival while a few have bring peace and justice, Britain worth about 120 Focus Economics' high in 2016. as the Euro area, Japan contributed to the lower ultra-low interest rates - become very rich. All we must uphold and prac- billion Euros annually, Consensus Forecast. Nonetheless, market par- and the U.S. The GDP figure. The government even below zero - and those populist political tice the value of respect, which is about 8% of Against this backdrop, ticipants' bigger appetite growth forecast for the unveiled the FY 2017 quantitative easing pro- leaders advocate ideology openness, solidarity German exports, with many central banks in the for emerging-market debt UK also improved from budget on 8 December grams. The use of such of protectionism. Our towards one another, car- Germany achieving a developed world have was partly due to the the previous month as that intends to rein in unconventional measures race, our culture, our reli- ing and loving for others trade surplus with Britain maintained exceptionally absence of returns in concerns over negative social security costs, in the developed world is gion are superior and we and for all of environ- worth 36.3 billion Euros loose monetary policy in developed economies, spillovers from the Brexit boost the country's work- expected to continue next must protect them. Some ment. This is the founda- (2014)? Should a "hard an effort to support rather than a vote of con- vote continued to reduce. force and encourage year and still loose mon- communities are branded tion of peace and prosper- Brexit" come to pass, the household consumption fidence for riskier assets. Among major emerging salary increases. etary policies continue to as killers, criminals, drug ity. German exports would be and business investment. In terms of commodity economies, the economic Moreover, the govern- be priced in by analysts, pushers, terrorists and In UK, the Prime subject to WTO customs Eight years after the acute prices, on 30 November, outlook for Brazil, Russia ment is set to approve a apart from for the U.S. demonizes other religions Minister Theresa May, and tariffs, which would phase of the global finan- crude oil prices jumped and India deteriorated third supplementary economy. The U.S. Fed especially Islam. We hear elected by the ruling particularly affect cial crisis, the developed above USD 50 per barrel from the previous month's budget for this year, hiked interest rates for a them speaking racist, sex- Conservative Party in the German car exports, world is still using its for the first time since assessment, while China's amounting to USD 1.7 second time since the ist and exclusivist lan- wake of the June 2016 where duties of about central banks as a crutch. October after OPEC GDP growth projection billion and focusing on financial crisis in guage. In India, some referendum, has promised 10% would have to be Throughout developed sealed a deal to reduce remained stable. At a earthquake reconstruction December 2016. The politicians say, a bill to repeal the paid to Britain. In total, economies, interest rates production by 1.2 million regional level, only and military spending. Fed's previous interest "Christians should go European Communities 750,000 jobs in Germany are at, or close to, record barrels per day (mbpd) to growth prospects for An accommodative rate increase was in back to the West" and Act 1972 and to incorpo- depend upon export to lows and several are about 32.5 mbpd for six Latin America and Sub- monetary policy and a December 2015. given more importance to rate existing EU laws into Britain, while on the experimenting with months from the start of Saharan Africa deteriorat- weaker yen are expected The Economists proj- cow than human beings. UK domestic law. In British side about 3 mil- avant-garde policies in January. The markets ed from the previous to boost growth next year. ects that global inflation Populist politicians try to January 2017, May lion jobs depend on the hope of stimulating reacted positively to the month's Consensus. That said, ambitious eco- will rise to 4.1% in 2017 project that people are announced a 12-point export to the EU. The domestic demand. agreement, which The signs of strength in nomic and social reforms - which was revised up poor because of immigra- plan of negotiating objec- study emphasizes howev- Although it is reasonably includes an option to the U.S. economy, as are needed to ensure a by 0.1 percentage points tion, corruption, wrong tives and confirmed that er that the predictions on clear that such policies extend it until the end of Donald Trump in office, healthier and more sus- from last month's policy of the government. the UK government the economic effects of a are actually supporting 2017. In the first two provide a strong contrast tainable growth trajecto- Consensus - from an People are jobless would not seek continued Brexit are subject to sig- economic growth - while weeks of December, to the difficult context ry. The main downside expected 3.5% in 2016, because immigrants have membership of the mar- nificant uncertainty. introducing distortions in crude oil prices surged to inherited by his predeces- risk to growth next year mainly due to higher taken over the jobs. Local ket. The terms of with- With Brexit the EU many asset markets - it is over USD 57 per barrel as sor, Barrack Obama, who will be increased protec- energy prices in the wake people are denied of their drawal have not yet been would lose its second- still hard to see how these the oil cartel also clinched took office at the depths tionism under Trump's of a recovery in crude oil rights. The populist right- negotiated and in the largest economy, the economies will wean a deal with non-OPEC of the financial crisis. administration. Analysts prices. In 2018, analysts wing political leaders meantime, the UK country with the third- themselves off such sup- countries, mainly Russia Trump has vowed to fur- see the economy growing see global inflation mod- project themselves as the remains a full member of largest population and the port in the coming years. and other big crude ther boost U.S. growth to 0.9% next year, which is erating to 3.7%, as infla- "Messiah" and claim that the European Union. financial centre of the In the U.S., the scenario exporters, to reduce their about 3.5% a year on up 0.1 percentage points tionary pressures in most they will fix the problems The UK joined the world. Furthermore, the of higher interest rates supply by 558,000 barrels average. However, Focus from last month's projec- of the emerging world exploiting, abusing reli- European Economic EU would lose its second- continues to gain a day. The deals amount Economics analysts tion. For 2018, they see will abate. gious sentiment of the Community (EEC), a largest net contributor to strength. At its last mone- to the first global supply expect the boost that growth at 0.8%. This is how the world poor. We see denial of predecessor of the EU, in the EU budget (2015: tary policy meeting of pact since 2001, with pro- Trump can add to U.S. The United Kingdom's is going to shape after diversity, freedom of 1973, and confirmed its Germany 14.3 billion 2016, the Fed announced ducers battling to reverse growth in 2017 and 2018 economy continues to Brexit and with new US speech and violation of membership in the 1975 Euros, United Kingdom its decision to raise inter- a price crash that began in to be modest. They see hold up well. A complete president with some human rights. Even in the referendum by 67% of the 11.5 billion Euros, and est rates, while the mid-2014 and caused oil GDP growth at 2.2% in set of data confirmed that uncertainty depending on democratic countries, dic- votes. Historical opinion France 5.5 billion Euros). accompanying projection prices to remain at record 2017 - up 0.1 percentage GDP growth had deceler- how Brexit and US new tatorship is coming back. polls 1973-2015 tended to Thus, the departure of materials included an lows for two years. points from last month's ated marginally in the Administration move It is a threat for future reveal majorities in favor Britain would result in an increase in the median Geopolitical factors, estimate - and inching up third quarter, but that forward with their poli- humanity. of remaining in the EEC, additional financial bur- estimate for rate hikes for elections in various further to 2.3% in 2018. growth remains robust cies. On this assumption if EC or EU. In the 1970s den for the remaining net 2017. European countries and The Euro zone's growth compared to historical we look in to the history and 1980s, withdrawal contributors: Germany Of the world's richest the inauguration of story continued unfazed levels. The economy was Chairman Centre of with the assertion that my from the EEC was advo- for example would have countries, the U.S. econo- Donald Trump as in the third quarter, as a supported by a rebound Advisory Services for religion, race and culture cated mainly by some to pay an additional 4.5 my is undoubtedly in the President of the United solid performance in the in exports while domes- Islamic Banking and are superior, my interest Labor Party and trade billion Euros for 2019 best position, even States would contribute to domestic economy drove tic demand disappointed. Finance (CAIF), former is first, have resulted into union figures. From the and again for 2020. In though growth has fallen a highly uncertain global a steady expansion. Economic activity is per- Head of FSCD SBP, for- terrible bloodshed. 1990s, withdrawal from addition the UK would no to a new normal of about context in 2017. Households benefited forming well as the mer Head of Research Claiming their racial the EU was advocated longer be a shareholder in 1.5%. President Donald Following an expected from low inflation and an smooth political transi- Arif Habib Investments superiority, Germans mainly by some the European Investment Trump has signaled a 2.5% increase in 2016, improving labor market, tion following the resig- and Member IFSB Task have slaughtered about 6 Conservatives and by the Bank, in which only EU large "self-financed" fis- analysts surveyed by while the external sector nation of former Prime Force for development million Jews during the newly founded UK members can participate. cal stimulus, while ulti- Focus Economics expect and investment were the Minister David Cameron of Islamic Money Holocaust under Hitler. Independence Party Britain's share amounts to mately backtracking on that global economic economy's weak spots. and the accommodative Market, former Member Asserting the White race (UKIP). 16% which Britain would major disruptive policies growth will nevertheless Data for the final quarter stimulus of the Central of Access to Justice superiority about 80 mil- Outside the UK many withdraw unless there is related to trade or immi- experience a moderate point to a modest pick-up Bank are keeping con- Fund Supreme Court of lion American Indians Eurosceptic leaders cele- an EU treaty change. gration. In Europe, improvement in 2017 to in momentum. The unem- sumer and business con- Pakistan. 10 Monday, January 23, 2017
Data Compiled by Nintendo Switch CELL PRICES Shabbar Naqvi Impact of job-stealing 2018 Ford Mustang hands-on: A Brand Prices CAR PRICES portable system Samsung TOYOTA Prices robots a growing Galaxy Note Edge 89,000 COROLLA 1.3 XLI 1,639,000 with potential Galaxy S7 Edge 78,999 COROLLA 1.3 GLI 1,784,000 brings an American icon Galaxy S6 Edge Plus 74,500 COROLLA 1.3 GLI A/T 1,859,000 Nintendo's new Switch concern at Davos Galaxy Note 5 66,000 1.8 L ALTIS 6-MT 2,069,000 console hits the market on Galaxy S7 62,000 1.8 L ALTIS GRANDE 6-MT 2,229,000 1.8 L ALTIS CVTI 2,194,000 March 3. With less than Galaxy S6 Edge 59,000 1.8 L ALTIS GRANDE CVTI 2,379,000 into the modern era two months to go before Galaxy S6 54,999 VIGO CHAMP GX Plus 3,769,000 the big day, the "Mario" Galaxy Alpha 50,000 VIGO CHAMP G A/T 3,644,000 maker gave us a chance to Galaxy Note 3 48,999 VIGO CHAMP V M/T 3,444,000 go hands-on with the sys- VIGO CHAMP TRD SPORTIVO 3,999,000 Galaxy A7 2016 48,000 4X4 STANDARD 3,174,000 tem and a handful of Galaxy Note 4 47,999 FORTUNER 4,879,000 games, including the high- Galaxy mega 5.8 42,500 FORTUNER -TRD SPORTIVO 5,129,000 ly anticipated "The Legend Galaxy S5 43,000 Camry of Zelda: Breath of the Camry A/T Up-Spec 10,949,000 Galaxy A8 42,000 LAND CRUISER Wild." Galaxy K Zoom 41,500 200 GX Turbo SW M/T 20,199,000 The biggest news about Galaxy A7 39,999 200 VX Turbo SW A/T 23,399,000 the $300 Switch, outside of Galaxy A5 2016 39,999 200 VX A/T A/T SW-Petrol 23,649,000 Open markets and global our lifetime," Microsoft the fact that it's a new Galaxy S4 I9500 37,500 Hard Top STD 11,299,000 Nintendo console, is that trade have been blamed Chief Executive Satya Hard Top A/C, Clock 11,499,000 for job losses over the last Nadella told Reuters. Galaxy Note 3 Neo 37,000 Hard Top LWB A/C 12,299,000 it's actually two systems in Galaxy A5 35,999 Pick-up LWB with A/C, Radio 8,149,000 one. decade, but global CEOs Over the last decade, say the real culprits are more jobs have been lost Galaxy Grand I9082 35,900 Prado There's the traditional Galaxy E7 35,500 Prado VX A/T Petrol 19,149,000 increasingly machines. to technology than any TV mode, which lets you Galaxy J7 2016 32,999 Prado Turbo A/T 19,149,000 play games on your couch And while business other factor, and John Prado Turbo M/T 13,749,000 Galaxy Grand 2 32,900 with a tub of chips next to leaders gathered at the Drzik, head of global risk annual World Economic at insurance broker Marsh, Galaxy A3 2016 29,999 DAIHATSU you, and a handheld mode, Galaxy E5 Duos 29,500 TERIOS 4X2 A/T 3,409,000 Ford's (F) Mustang is an cylinder engine and the GT, and while I love it to Forum in Davos relish the expects more of the same. which lets you pop the Galaxy J5 2016 29,500 TERIOS 4X4 M/T 3,409,000 American icon. It's the beefy 5.0-liter V8 will get death, the car has a solid productivity gains tech- "That is going to raise Switch's 6.2-inch tablet out Galaxy J7 27,500 everyday person's sports more horsepower and rear axle, which makes for of its dock and use the con- nology can bring, they challenges, particularly HONDA car you can buy without torque for 2018, though a seriously rough ride over warned this week that the given the political con- Galaxy A3 25,999 City sole on the go (perhaps to Galaxy Core I8260 22,500 City 1.3L M/T 1,577,000 ending up in the poor the company isn't saying highway expansion joints collateral damage to jobs text," Drzik, who helped the market to buy more Galaxy SIII mini I8190 22,000 City Aspire 1.3L A/T 1,718,000 house. And for 2018, Ford how much more. Notice and potholes. Ford needs to be addressed compile the WEF report, chips). Galaxy J5 21,500 CiViC is adding a host of new something missing? Yep, switched to an independ- It's an impressive system, more seriously. said. Compared to clamp- 1.8L i-VTEC 2,349,000 Galaxy J3 21,000 technologies that bring the Ford is dropping the V6 ent rear suspension in From taxi drivers to ing down on immigration 1.8L i-VTEC Oriel 2,499,000 but the Switch will live and Galaxy S Duos S7562 21,000 die by its catalogue of healthcare professionals, by tightening borders, 1.5 VTEC Turbo 2,999,000 classic pony car into the engine option for 2018, 2015, which vastly Galaxy Ace 3 19,499 ACCORD third-party games, which technologies such as dealing with the impact of modern era. which isn't a big deal improved handling and Galaxy Grand Prime 16,999 Accord (new shape) 10,650,000 still seems very much up in robotics, driverless cars, technology destroying Of course, no matter when you consider the feel. But adding Galaxy J1 2016 15,999 CR-V 2.4L 7,917,000 the air. artificial intelligence and jobs is something that is CR-Z A/T 3,516,000 how much tech you add to EcoBoost produces more MagneRide to the 2018 Galaxy J2 15,300 But let's start with what 3-D printing mean more perhaps even less easily the Mustang the most power than the six-cylin- Performance Package will Galaxy Grand Neo 14,999 SUZUKI makes the console unique. and more types of jobs are controlled. important things are that it der. make for an even Galaxy J1 13,999 Kizashi 5,000,000 See, the brains of the at risk. For while many gets a big, powerful Ford is also rolling out a smoother, more respon- Wagon-R VX 859,000 Switch are all packed into Adidas for example, advanced technologies Wagon-R VXR 979,000 engine and an exhaust so new 10-speed automatic sive ride. that tablet. The dock is aims to use 3-D printing in remain more expensive SONY Wagon-R VXL 1,019,000 loud it will make your transmission for the As far as technology basically a means for it to the manufacture of some than low- or medium- Xperia X Premium 75,000 Mehran 595,000 neighbors hate you. And Mustang that promises improvements go, the connect to your television, running shoes. skilled labor in the near Xperia XA Ultra 39,499 Mehran VX 630,000 thankfully Ford has improved responsiveness 2018 Mustang gets a new Xperia X Performance 61,500 Mehran VX CNG 700,000 power it, and charge its "Jobs will be lost, jobs term, the shift is likely to improved on both. and performance. There's 12-inch instrument cluster battery. will evolve and this revo- accelerate as costs come Xperia X 55,500 Mehran VXR 683,000 Xperia Z5 Premium 49,000 Mehran VXR CNG 753,000 The latest iteration of the also an updated 6-speed that you can customize The console isn't the only lution is going to be age- down. Xperia Z2a 39,000 Bolan VX euro 2 700,000 Mustang gets some rela- manual gearbox designed based on whether you're part of the Switch that fea- less, it's going to be class- WIDENING GAP Xperia Z3 49,999 Cargo van euro 2 671,000 tively mild aesthetic to handle the added power using the car's normal, tures multiple modes. The less and it's going to affect Technological advance- Xperia ZL 47,500 Suzuki Ravi 642,000 changes to its upper and of the new V8. sport or track drive modes. system actually comes everyone," said Meg ments require govern- Xperia Z5 46,990 Cultus 1,094,000 lower grilles. In fact, But come on, if you're Ford is also adding a with two controllers: a left Whitman, chief executive ments, businesses and aca- Xperia Z3 Compact 41,000 Cultus CNG 1,169,000 you'll be hard pressed to not getting a V8-powered host of driver assist tech- Joy-Con and a right Joy- of Hewlett Packard demic institutions to Swift 1.3DLX 1,297,000 Con, available in solid gray Enterprise. develop more educated Xperia Z5 Compact 40,700 Swift 1.3DLX Navigation 1,345,000 actually notice the differ- Mustang GT with a stick nologies to the new Xperia Z4 40,000 ent between the 2017 shift, you're just plain Mustang including Pre- or blue and red. You can So while some support- and highly skilled work- Swift Automatic 1,433,000 hold one controller in each Xperia XA 35,000 Swift A/T Navigation 1,481,000 model and the 2018 ver- doing it wrong. Collision Assist with ers of Donald Trump and forces, executives in hand to play games, or Brexit may hope new gov- Davos said. Xperia E5 35,000 APV 1.5L M/T 2,418,000 sion. The biggest changes The best news of all, pedestrian detection, Xperia Z3 Plus 35,000 APV 1.5L CNG 2,538,000 slide them into the includ- ernment policies will But this shift to skilled to the new Mustang's front though, is that Ford is which will automatically Xperia M5 34,000 Jimny JLSX M/T 2,293,000 ed Grip for a more tradi- bring lost jobs back to workers also widens the end include all-LED lights adding the MagneRide apply the car's brakes if it tional gaming experience. America's Rust Belt or income gap and fuels Xperia Z2 33,500 and updated hood vents. adaptive suspension tech- detects you're not slowing When you want to use Britain's industrial north, growing inequality. Xperia C5 Ultra 32,849 Nick Jonas Around back, the nology from the Mustang down in time to prevent an the Switch in tablet mode, economists estimate 86 Jonas Prising, CEO of Xperia TX 32,000 explains why Mustang's rear lights have GT350 to standard accident. you simply slide the Joy- percent of U.S. manufac- staffing firm Xperia Z1 Compact 31,990 been reshaped to look like Mustangs with the There's also lane depar- Cons onto the slate's sides, turing job losses are actu- ManpowerGroup noted Xperia Z Ultra 31,000 you should large parentheses. Ford Performance Package ture warning and lane turning the system into ally down to productivity, that U.S. unemployment is Xperia Z1 30,000 has also outfitted the rear upgrade. Sure, you'll have keeping assist, as well as what is essentially a giant according to the WEF's only about 2 to 2.5 percent Xperia M2 Aqua 27,000 buy his new Xperia T2 Ultra 27,000 of the Mustang with a new to pay extra for it, but distance alert system built Game Boy. If you want to annual risks report. among college-educated headphones quad-tip exhaust, which MagneRide will provide into the new muscle car, play a two-player game, "Technology is the big people but 9 or 10 percent HTC just plain looks cool. far better ride quality than bringing this American you can hand one Joy-Con issue and we don't among those with low or One A9 55,250 Ford says the Mustang's standard shock absorbers. classic into the modern to your friend, while you acknowledge that," Mark no skills. "The idea that Htc One M8 40,000 2.3-liter EcoBoost four- I've got a 2007 Mustang era. use the other to go head-to- Weinberger, chairman of we would ban automation head. consultancy EY, said on as part of an evolution Htc One 42,000 Thursday, arguing there within the manufacturing One E8 50,000 was a tendency to always industry, is not really part One M9 48,999 Selfie drones blame trading partners. of the discussion," Prising Desire 620 37,999 Samsung Electronics says Desire Eye 37,500 The political backdrop is said. He pointed to poli- and more fly prompting CEOs to take cies in countries like Desire 816G Dual Sim 36,000 more seriously the chal- Denmark and Italy, where One M9s 34,000 into CES 2017 Desire 700 33,000 to hold Galaxy Note 7 lenge of long-life training there is a focus on The usual soundtrack of of workforces to keep up employability of workers. Desire 610 33,000 One Mini 2 32,000 Vegas is the incessant, with the exponential "If we don't own respon- growth of technological sibility (for the problem of Desire 600 30,000 looping beeps and chimes Butterfly S 28,999 briefing on January 23 of slot machines, but at advances. displaced workers), it's Desire 500 24,500 CES it's often replaced by "I think what we're only going to get bigger," Samsung Electronics Co reaching now is a time Procter & Gamble Chief Desire 516 24,000 Ltd said it will announce the high-pitched whine of Desire 630 23,499 He's an actor, singer and drones in flight. Much of when we may have to find Executive David Taylor songwriter. But now, Nick on Jan. 23 the results of alternative careers through said. Desire 816 22,500 a probe on what caused the enormous South Hall Jonas can add "designer" of the Las Vegas to his growing resume. some Galaxy Note 7 Convention Center here Jonas, 24, unveiled his smartphones to catch plays host to a flock of line of personal audio fire, as the firm seeks to vendors of unmanned aeri- products at CES 2017 in recover from one of the All new iPhone 8 al vehicles. Las Vegas. Slated to hit biggest product safety Drones have become a shelves sometime during failures in tech history. big business, thanks to the the first quarter of 2017, Samsung said its exec- Federal Aviation his collaboration with utives and independent rumours you Administration's move last audio maker Altec experts will disclose year to open the skies to Lansing includes a $79 their findings in a press commercial use and the pair of wireless Bluetooth conference in Seoul and utility of drones for headphones with a battery that the company will inspecting things like need to know life of seven hours, a phone maker needs to phones in September unveil new measures farms, solar panels, wind Rumours regarding the $149 pair of Bluetooth reassure consumers that and identified the cause that have been imple- turbines and wireless-net- iPhone 8 were ripe even over-the-ear headphones its devices are safe in of the fire as a manufac- mented to prevent repeat work towers. As CES was before the launch of with noise canceling fea- order for the company to turing process problem incidents. opening, news broke that iPhone 7. Recently, a tures, a $59 pair of wire- recover from a projected at one of its suppliers, The head of it mobile the Chinese drone manu- research note distributed less Bluetooth earbuds almost $5.20 billion hit later identified as affili- business, Koh Dong-jin, facturer DJI had bought a to its clients by Cowen with six hours of battery to its operating profit ate Samsung SDI Co who announced the ini- majority stake in the and Company has further life, and a $99 waterproof from the Note 7's col- Ltd. tial September Note 7 German camera manufac- fuelled the rumour again. Bluetooth speaker. lapse over three quar- But new Note 7s with recall, will attend the ters. what Samsung said were turer Hasselblad-the com- The note includes sever- All the products in the briefing, Samsung said Investors say Samsung safe batteries from a dif- pany that made the cam- al new details about the line sport a minimal, in a statement on Friday. must give a convincing ferent supplier contin- eras American astronauts Apple's upcoming iPhone, understated look and will A person familiar with explanation for the fires ued to catch fire, forcing took to the moon. which is expected to be available in black or the matter told Reuters before the launch of its the firm to permanently The show floor offered launch in September. white with rose gold earlier this week that Galaxy S8 smartphones, halt sales. The firm in further proof of the According to the report, accents, except for the Samsung's probe had expected sometime in October said it would increasingly professional Apple will be releasing speaker, which will only found the battery was the first half. examine all possible nature of the drone indus- three models of iPhone 8 be available in black. including one 5.8-inch the main cause of Note 7 The company initially causes and hired third- try with UAVs like sensor mounted near the Apple to add augmented Nick Jonas' active noise fires. announced a recall of party firms as part of its Yuneec's H520, an indus- iPhone along 4.7- and 5.5- inch models. front-facing camera and, reality features to upcom- canceling headphones The world's top smart- some 2.5 million Note 7 probe. trial drone in a shade of Among other features, as expected, should also ing versions of the (pictured in rose gold and orange often seen in road- the biggest feature report- finally include wireless iPhone. white), will retail for work signs that can carry a charging." Citing 'field work' from $149 later this year. edly coming to next ver- range of sensors and will sion of iPhone is that Did Samsung just leak Apple's supply chain, the Source: Altec Lansing Robot teaches kids as sell for $2,500. But if you the new Galaxy S8? report claims that the 5.8- More Apple might be integrat- have more frivolous and ing some form of Although this rumour inch iPhone will have an "It's been a dream of less practical uses in mind, facial/gesture recognition was not corroborated by edge-to-edge OLED dis- mine to collaborate on young as 3 to code CES won't disappoint you and wireless charging. other analysts, it does play, which uses less something like this," either. New leak 'confirms' make sense given the fact power and produces deep- Jonas told Yahoo Finance. Meet Kubo, an educa- the command string of a start and stop. The idea of the drone massive iPhone release that Apple bought er blacks. The 5.8-inch "Obviously, I do the tional robot that teaches text-based coding lan- Kubo can even help selfie may seem silly, but I next year Primesense, an infrared model will also potential- music and the acting and the basics of coding to guage. teach children to spell think we can allow that the Cowen and Company sensor company, in 2013. ly have a dual-edge all that, and that's more kids without the need for Kubo moves over a using tiles with letters on traditional family Analyst Timothy Arcuri Earlier, Apple CEO Tim "wraparound" screen, me performing for an a separate computer or sequence of tiles, process- them. Christmas-card photo claimed in his report: Cook hinted about his similar to that of ill-fated audience. But actually tablet. es the commands and car- The robot is available might look a little snazzier "Other features appear to company's interest in inte- Samsung Note 7. giving my fans the chance The robot comes with a ries them out. for preorder at $169 via if it involved an aerial per- include some form of grating augmented reality It will also integrate the to be a part of this experi- set of tiles that can be Variables include direc- an Indiegogo campaign, spective. So of course ven- facial/gesture recognition technologies. Considering Touch ID fingerprint sen- ence and having a person- arranged in a variety of tion, speed, light, sound and is expected to begin dors will ship drones opti- supported by a new laser that a new kind of sensor sor "under the glass and in al touch is really key. sequences, representing and basic functions like shipping in June. mized for this use case. sensor and an infrared would be critical for the active display area". Monday, January 23, 2017 Continuations 11 No #1 Continued from page 1 Prime Minister (PM) Nawaz Sharif is removed from his seat. Stokes dominates He said that he wouldn't sit idle unless the 'fake' gov- Australia beat Pakistan ernment is removed. Addressing the Pakistan Tehreek-e-Insaf (PTI) public as England beat meeting in Kasur, Sheikh Rashid said that PM must be removed in order to make a 'New Pakistan'. "Workers in 4th ODI, win series must get ready. Elections will be held this very year", India in 3rd ODI said Sheikh Rashid. England all-rounder ful hitting as they struck Sheikh Rashid said that justice was everyone's right. Ben Stokes put in a domi- 16 fours and three sixes He claimed once against that the elections will be held nant performance with between them. in 2017. - NNI the bat and ball to help Stokes got Pandya and No #2 Continued from page 1 England pull off a five- Ravichandran Ashwin in the near future and demanded PM Nawaz to come clean run consolation win his final two overs to hurt and not hide behind his ministers. He said that the premier against India in the third the Indian chase. maintained before the Supreme Court (SC) that he is the ruler one-day international in Jadhav though carried of the nation and thus has immunity provided by the Kolkata on Sunday. on to give the Eoin Constitution of Pakistan. Seam bowler Stokes Morgan-led side a scare Khan claimed that Pakistan would 'change' over whatever claimed three wickets to but his departure on the verdict in Panama Leaks case would be. help restrict India, who penultimate delivery Calling attention towards the dire need of better health sys- were chasing 322 for vic- spelled the end for the tem, the PTI chief lamented over expenditure of Rs12billion on tory, to 316-9 as Kedar hosts. advertisements with pictures of both the Sharif brothers, while, Jadhav's 90 went in vain. In England's innings, he said Rs4 billion were spent to construct Shaukat Khanum Chris Woakes, who fifties from Jason Roy Hospital Peshawar, which is bigger than Jinnah Hospital bowled the final over (65) and Jonny Bairstow Lahore. He recalled a 60-year-old woman Zohra Bibi, wife of with India needing 16 to (56) proved crucial before a milkman, who died on the floor of Lahore's Jinnah hospital. win, held his nerve to Stokes took the team total Zohra's family said Jinnah Hospital had refused to admit give England their first to well past the 300-run her citing a shortage of beds in the medical facility. victory on the tour. mark. The PTI chairman said that the prime minister goes to Earlier Stokes hit an England rode on a 98- London for medical check-ups, but he never prefer to go to government-run hospitals. "There are so many Zohra Bibi unbeaten 39-ball 57 to run opening stand who die every day because of a lack of hospital beds and help England post 321-8 between Roy (65) and proper medical care," he lamented and said that the ruling after being put into bat at Sam Billings (35) before Kolkata's Eden Gardens. the Indian bowlers came elite spent Rs12 billion on self-promotion and publicity. Australia secured the Wasim. took advantage of a on 120 for the second India lost their openers back with regular strikes. The SC is hearing the corruption case filed by the opposi- one-day series against It was Warner's sixth placid wicket and the wicket to put Australia early in the chase but Paceman Pandya tion parties against Sharif family in the wake of the Panama Pakistan with a com- century in his last 11 hapless Pakistan field- in a commanding posi- Kohli (55) and Yuvraj claimed three wickets Papers leaks. Imran said as far as he saw, Nawaz could not manding 86-run win at innings in Sydney, ing. tion before Hasan Singh (45) put on 65 runs while left-arm spinner escape from the Panama case. The PM would be shown the Sydney Cricket Ground including his hundred Smith scored 49 off 48 removed both in the for the third wicket to Ravindra Jadeja got two. exit, if Qatari prince's letter came out false. on Sunday, taking a 3-1 before lunch in the third balls but was let off space of three balls to Even if London flats were proved to be his property, it will rebuild the innings. Morgan, who struck a lead in the five match Test against Pakistan in when he had made just give the tourists some be his defeat, he said adding that the PM was seeking immu- Kohli, who was valiant 102 in England's nity on speaking lie on the floor of National Assembly which series. January. 10 when Sharjeel made renewed hope. dropped on 35, failed to second loss on Thursday, could cost Nawaz his premiership. Set an imposing 354 It was also his fifth a lazy one-handed However, Head and capitalise on the reprieve once again looked like he Citing example of the neighbouring country, he said China to win, Pakistan were century in 13 ODIs attempt at gully from Maxwell then cut loose after losing his wicket to would pilot the innings nabbed 1.1 million people in three years, including many never really in the hunt. innings this season, Junaid Khan's bowling. to add 100 for the fourth Stokes. He was caught with some assured hitting. other high officials, and held 200 ministers accountable who After Australia made matching Matthew Sharjeel also dropped wicket in just 64 balls. behind chasing a wide The left-hander shared were involved in corruption. Khan also lauded the health sys- 353 for six on the back Hayden's Australian Travis Head when he Maxwell faced just 44 delivery outside the off an 84-run third-wicket tem of China. Chairman of PTI recalled that Daniyal Aziz of a David Warner cen- record. was on 28, again to the balls, hitting 10 fours stump. partnership with Bairstow used to brand Nawaz Sharif a corrupt politician in tenure of tury that was aided by Opener Sharjeel Khan chagrin of the luckless and a six. With Yuvraj (45), fresh (56), who was added to former dictator, Pervez Musharraf. He said that chief of appalling fielding from whacked out 74 from Junaid. Head went on to Pakistan recalled cap- from his match-winning the side in place of Jamiat Ulema-e-Islam-Fazl (JUI-F), Fazlur Rehman and the tourists, Pakistan just 47 balls, but once make 58 off 36 balls. tain Azhar Ali after a 150 in Cuttack, and for- injured Alex Hales, Mehmood Achakzai, leader of Pakhtunkhwa Milli Awami replied with 267 from he fell to recalled leg- And Hasan put down a hamstring injury at the mer captain Mahendra before falling to Pandya. Party are nowhere to be seen these days as they know pre- 43.5 overs. spinner Adam Zampa difficult chance off expense of Asad Shafiq, Singh Dhoni (25) also Stokes ensured the mier's 'boat is about to capsize'. Imran Khan also criticised Warner led the way Pakistan's fate was all Glenn Maxwell when he while Australia recalled back in the pavilion, India efforts of the top order Federal Minister for Railways, Khawaja Saad Rafique by but Pakistan did not but sealed. was on eight and the Mitchell Starc and spin- slipped to 173-5. were not in vain as his 73- saying that there have been 18 train accidents but the minis- help themselves, con- Warner backed his Australian went on to ner Zampa for James First match hero Jadhav, run seventh-wicket stand ter is still serving the Prime Minister. NNI ceding a number of form with the bat by score 78. Faulkner and Billy who hit a brilliant 120 in with Woakes (34) helped No #3 Continued from page 1 overthrows and dropped doing what the Despite his two Stanlake. India's opening win in England put on 58 runs in Zubair Gull in London, PM Nawaz said that overseas catches at crucial times. Pakistanis couldn't and dropped catches Hasan Zampa, controversial- Pune, and Hardik Pandya the final five overs. Pakistanis have an important role in development of The left-hander was hanging onto two excel- at least redeemed him- ly overlooked for the (56) then put on 104 runs The two teams now Pakistan. He assured that all possible steps would be dropped on 113 when lent catches. self by taking five for upcoming India tour, to revive the chase. head for the three- taken to revolve issues of Pakistanis living abroad. Hasan Ali grassed a After Australian cap- 52, easily the best of the took his opportunity The batting duo took match Twenty20 series The premier arrived in London after his return from simple chance at mid- tain Steve Smith won Pakistan bowlers. with 3-55 from his 10 the opposition attack by starting January 26 in Davos of Switzerland following participation in World off from spinner Imad the toss, the home side Warner and Smith put overs.-Agencies surprise with their power- Kanpur.-Agencies Economic Forum. He convened meetings with Secretary-General of UNO, founder of Microsoft, Bill formed the Ulema Mashaikh Council for mutual reconcili- Gates, Queen of Netherlands, CEO of Alibaba, Jack Ma ation and guidance on important national issues. among other dignitaries. Speaking on the occasion, Minister for States and In his meeting with UNO Secretary-General, PM Frontier Regions Abdul Qadir Baloch said the Nawaz raised the issue of Kashmir dispute and demand- Government will continue its cooperation to all such fora ed its resolution in light of the UNO resolutions. established to sort solutions for peace and stability in the Former army chief, General (Retd) Raheel Sharif also Muslim World as well across the world. delivered an address at the forum and convened meet- He urged the religious scholars and leaders of religious ings with different delegations. The ex-COAS also parties to unanimously declare Fatwa on any terrorist demanded solution to Kashmir dispute in accordance attack and condemn it jointly instead of issuing individual with the UN resolutions. - NNI statements. Later addressing the participants of the Continued from page 1 Conference, Leader of the House in Senate Raja Zafar- No #4 ul-Haq highlighted the need for establishing and aug- According to Inter-Services Public Relations (ISPR), the menting the joint fora for solving the conflicts within Army Chief visited Parachinar, Kurram Agency and the Ummah. - NNI Peshawar where he was given detailed briefing on Parachinar blast. The COAS visited Agency hospital to meet injured of No #7 Continued from page 12 the blast. Talking to tribal elders of the Agency, General willingness to help Britain make a success of Brexit, Bajwa expressed profound grief on the tragic incident. according to a Guardian report, which also described the He said, "With their support Army, Frontier Corps (FC) development as 'an implicit snub to the EU, which Trump and other Law Enforcement Agencies (LEAs) have done has described as a mere 'vehicle' for Germany in the eyes a great job in stabilising the area and terrorists will fail to of other European leaders. derail it." The Army Chief lauded their efforts in main- According to British media reports, high on the agenda taining tribal and sectarian harmony which is source of of the May-Trump meeting will be discussions on plans national integration. He said, "Pakistan belongs to all of for a post-Brexit trade deal between Britain and the US as us without any religious, provincial, tribal, linguistic, well as continued Washington's lead role in the NATO ethnic, sectarian or any other discrimination." military alliance. May extended her congratulations to On demand from people, the COAS announced estab- Trump following his inauguration on Friday and has said lishment of an Army Public School (APS) at Parachinar that she believes Trump does recognize the significance of for quality education. Tribal elders thanked COAS for NATO even though he had referred to the Western military sharing their sorrow and announcement of APS. They alliance as "obsolete" just days ago. pledged to continue supporting efforts for enduring May and her team regard the White House meeting with peace and stability. Later, the COAS also visited Trump "as a chance not only to show that the president is Combined Military Hospital (CMH) Peshawar and met on side with her plans to develop new trade arrangements critical injured of Parachinar blast who were evacuated with Washington after Britain leaves the European Union, by Army helicopters and vehicles on Saturday. but also more broadly to re-emphasize that the special Earlier on arrival at Parachinar, the COAS was relationship between the two countries is alive and well in received by Lieutenant General Nazir Ahmed Butt, the broadest sense," The Guardian said. - NNI Commander Peshawar Corps. - NNI No #8 Continued from page 12 No #5 Continued from page 12 water resources will increase. blamed Pakistan for the suicide bombing which killed "It is time to act. Improved management of natural five UAE diplomats and six other people. Raziq, who resources translates into better livelihoods now and in was inside the guestroom but mysteriously went out just the future," the FAO director-general urged. three minutes before the bomb exploded and killed the Last December, the UN agency he heads launched a diplomats and injured the governor. global framework for coping with water scarcity in agri- Taliban had denied any involvement and blamed inter- culture. It aims to support the development and imple- nal rift in the ranks of the officials in Kandahar. - NNI mentation of policies and programmes for sustainable use of water in farming. - NNI Continued from page 12 No #6 Continued from page 12 crucial role to play in countering Western propaganda No #9 against Islam. Sardar Yousuf said the government has were given about his illness. Gailani was born in 1932 formed the Ulema Mashaikh Council for mutual reconcil- and was the leader (Pir) of the Qadiriyyah Sufi order in iation and guidance on major national issues. Afghanistan, and the founder of the National Islamic Front Minister for States and Frontier Regions Abdul Qadir of Afghanistan (Mahaz-i-Milli Islami ye Afghanistan), a Baloch said the government will continue its cooperation party that was associated with the Mujahideen who led the to all such forums, established to sort out solutions for war against the Soviet Union in the 1980s. peace and stability in the Muslim World and across the Gailani's family are descended from Abdul-Qadir world. He urged the religious scholars and leaders of reli- Gailani, the founder of the Qadiriyyah. His father, Sayed gious parties to unanimously declare Fatwa on any terror- Hassan Gailani, was born in Baghdad before moving to ist attack and condemn it jointly instead of issuing individ- Afghanistan in 1905 in order to establish the Qadiriyyah ual statements. order in the country. Amir Habibullah Khan gave him land Meanwhile, Minister for Religious Affairs and Interfaith in Kabul and eastern Nangarhar Province. Sayed Ahmad Harmony Sardar Muhammad Yousuf has said that unity Gailani was born in the Surkh-Rod district of eastern among the Muslim countries is the only panacea for prob- Nangarhar province, where he remains a significant figure. lems confronting the Muslim Ummah. He studied at Abu Hanifa College in Kabul, before He was addressing inaugural ceremony of a two-day graduating at the Faculty of Theology of Kabul Conference on Islam and Peace titled Moderate Dialogue University in 1960. In 1952, he reinforced his family's and Community Peace in Islamabad on Sunday. close ties to the Afghan royal family by marrying Adela, The Minister said Pakistan`s exemplary sacrifices in a granddaughter of Amir Habibullah. fight against terrorism are internationally acclaimed. Prior to the war, Gailani invested more time in his He said the religious scholars across the Islamic World business career than in the leadership of his Sufi tariqah, have the most crucial role to play in cracking the Western often travelling to France and England. Through his con- propaganda against Islam of terming it an extremist reli- nection with the monarchy, he was able to obtain the gion. Sardar Yousuf said the Government of Pakistan has Peugeot dealership in Kabul. - NNI 12 Monday, January 23, 2017
Special division formed for Dar gets briefing CPEC's security on infrastructure ISLAMABAD: Pakistan has established Special Security Division to protect fifty-five project financing billion dollars China-Pakistan ISLAMABAD: Federal The Minister stressed on the Economic Corridor, the Radio Finance Minister, Senator need for efficient utilization of Pakistan reported on Sunday. Mohammad Ishaq Dar, chaired resources and stated that timely The Ministry of Interior has a meeting to review the financ- completion of development issued a notification to this effect. ing of infrastructure projects in projects was imperative to get The Special Security the country in Islamabad maximum benefit from them. Division has been assigned Sunday. He directed the Ministry to with the duty of protecting Finance Secretary briefed the explore new and innovative projects under CPEC and Minister on the status of financ- ways of financing infrastruc- Chinese workers working on ing of major infrastructure proj- ture development. He also these projects. ects in the country. He also pre- directed the Ministry to consult The Division will comprise sented various measures and various stakeholders and final- nine army battalions and six options for financing of various ize the broad contours of infra- civil wings having 13,700 per- projects in the pipeline. structure financing policy, sonnel. According to an official Finance Minister stated that which should form the basis for of Planning Division after requi- while the government has sub- infrastructure financing in the sition from the provinces, stantially increased financing future. deployment order shall be issued for infrastructure development, The meeting was attended by the Ministry of Interior. ISLAMABAD: Federal Minister for Religious Affairs & Inter-Faith Harmony, Sardar Muhammad Yousaf addressing at yet the physical infrastructure by Secretary Economic China has already expressed International Conference organized by Chairman National Assembly Standing Committee on Religious Affairs on titled Moderate would continue to require fur- Affairs Division, Special satisfaction on the security Dialogue and Community Peace.-APP ther improvement for which Finance Secretary and other arrangements during the recent greater resources would be senior officials of Ministry of sixth Joint Cooperation required. Finance. - NNI Unity among Islamic countries only solution to problems: Yousaf Committee meeting held in Pakistan Beijing. - NNI condoles Govt determined to 'CPEC opens Afghanistan wants death of investment door to ease tensions with Gailani in Pakistan' wipe out menace of LAHORE: Economists and Pakistan: Abdullah ISLAMABAD: Foreign Office Spokesman Nafees Zakaria on business experts on Sunday said KABUL: Afghanistan wants to Pakistan," Abdullah said. Sunday said that Pakistan is the China-Pakistan Economic limit tensions with Pakistan, He emphasized that the two deeply saddened to learn about Corridor (CPEC) is a splendid Chief Executive Abdullah countries should fight against the demise of Pir Sayed Ahmad terrorism: Raja Haq project of progress and prosperi- Abdullah has said, after ties existing threats considering Gailani, Chairman of the High ty which has opened doors of between the two countries fur- their shared interests and utilize ISLAMABAD: Leader of terrorism, only Islamic teach- Speaking on the occasion, Peace Council (HPC) of foreign investment in Pakistan. ther strained over several issues the economic opportunities for Afghanistan. House in Senate Raja Zafar-ul- ings could save it from terror- Minister for Religious Affairs Talking to media, renowned including Kabul's blame game growth and development in the In a statement, Zakaria said, Haq on Sunday said the gov- ism. and Interfaith Harmony Sardar economist Dr Ashfaq Hassan policy. region. "Pir Saheb was an influential ernment was determined to "Islam is a religion of peace, Muhammad Yousuf said that said the CPEC presented a Abdullah made the remarks Afghanistan and Pakistan have religious leader who was wide- wipe out menace of terrorism harmony and tolerance," he unity among the Muslim coun- unique opportunity to integrate during a meeting in his office continued to have tense political ly respected in Afghanistan, from the country at all costs. said and added terrorists had no tries was the only panacea for with regional economies and it with the European Union rep- relations. Afghanistan has adopt- and throughout the region for He expressed these views regard for religious teachings. problems, confronting Muslim had become a hub for trade with resentative, Franz-Michael ed the policy to shift blame on his contributions towards Islam while addressing inaugural cer- He also lauded leadership Ummah. development of the Gwadar Port Skjold Melbin, Abdullah Pakistan after it failed to deal and the Afghan nation." emony of a two-day role of Saudia Arabia and said The Minister said Pakistan`s as an international port. office said. with the security situation. "He will always be remem- Conference on Islam and that it always helped Pakistan exemplary sacrifices in the The completion of road infra- "Afghanistan and the national Last week the Kandahar bered for his tremendous efforts Peace, titled 'Moderate in difficult times. fight against terrorism were structure in the country would unity government want to ease police chief, General Raziq, to bring peace to Afghanistan Dialogue and Community Raja Zafar-ul-Haq highlight- now internationally acknowl- definitely bring about prosperity tensions in their relations with See # 5 Page 11 and promote reconciliation," Peace' here. ed the need for establishing and edged. and development, he added. the spokesman added. Raja Zafar-ul-Haq said at a augmenting the joint forum to He said the religious scholars He said speedy completion of "The Government and people time when whole world was solve certain internal conflicts across the Islamic World have the CPEC projects would put of Pakistan express their heart- affected from the menace of of Muslim Ummah. See # 6 Page 11 remarkable impact on the grow- PM to be penalized felt condolences to the family ing economy of the country. and the people and It would be his first meeting with a foreign leader To a question, he said work on Government of Afghanistan. various developmental projects in panama Leaks May Allah Almighty rest the would be completed before the departed soul in eternal peace stipulated period which would in Jannah (Ameen)," he said. Trump to meet British change destiny of the country case: CM Murad Chairman HPC of and the whole region. Afghanistan Sayed Ahmad He said various projects were SEHWAN SHARIF: Sindh situation in Karachi is improv- Gailani passed away in a Kabul being set up under the CPEC Chief Minister Murad Ali Shah ing due to ongoing operation in hospital on Saturday after a PM May this week across the country and a large on Sunday said that incumbent metropolis. short illness, the sources of number of job opportunities were Prime Minister Nawaz Sharif PPP is serving Sindh for the WASNINGTON: US May as a 'major diplomatic The development comes as Tolo TV said. being created for the youth. will be penalized by apex court past nine years and party has ini- President Donald Trump will coup' for the prime minister for May is overseeing the UK's An official from his office Lahore Chamber of in Panama leaks case. tiated ground work for 2018 receive British Prime Minister becoming the first European departure from the European said his body will be moved to Commerce and Industries Talking to media in Sehwan polls whereas provincial govern- Theresa May later this week in leader to 'secure' an official Union, or Brexit, which was his home tonight. No details (LCCI) convener on standing Sharif, Murad Ali Shah said, ment is fully focused on timely his first meeting with a foreign meeting with the new US pres- approved in a national referen- See # 9 Page 11 committees on Customs and Dry "Interior minister is not well- completion of development proj- leader early into his term, the ident. dum amid a swell of anti-estab- Ports, Aftab Ahmed Vohra, said wisher of Nawaz whereas ects, narrated Sindh CM. White House announced Beating other European lead- lishment enthusiasm similar to people of provinces as well as recurrence of Pakistan People's While keeping up verbal PC completes Saturday. ers to the White House after what led to the stunning victory Gilgit-Baltistan and Azad Party (PPP) in Punjab is creat- onslaught against political The meeting, due to take Trump's inauguration has also of politically inexperienced Kashmir, would also get benefit ing worry for ruling party." rivals, Murad said that people place on Friday, was announced been described by British Trump in the US presidential from the CPEC. 5 transactions Murad vowed to root out ter- of Sindh have rejected Pakistan during a briefing by White media as a key objective for race. He said the PML-N govern- rorism from Sindh and said that Tehreek-e-Insaf (PTI). - NNI during last House Press Secretary Sean May and her government since Washington's invitation of ment was paying special atten- Spicer. Press reports in Britain, he surprisingly defeated his May this week is viewed as tion towards the development of Kh Saad tells a news conference however, referred to the Democratic rival Hillary 'evidence of Trump' genuine different sectors including three years planned visit to Washington by Clinton in the 2015 election. See # 7 Page 11 power, gas, education, health ISLAMABAD: The and roads. - NNI Provinces asked Privatization Commission (PC) In addition to improved access for small farmers on Sunday completed five pri- SBP injects vatization transactions during to depute guards the last three years. Rs926bn in According to official sources, UN official urges stronger full proceeds relating to these transactions have been realized bank system on rail crossings and no amount is outstanding water management KARACHI: The State Bank of LAHORE: Railways Minister Punjab, one hundred and thir- in this regard. Pakistan has injected Rs926 Khawaja Saad Rafique says ty three in Khyber Public entities privatized by UNITED NATIONS: The Graziano da Silva, said that One of the 17 SDGs aims to billion into the banking system there are two thousand four Pakhtunkhwa, five hundred the Government during the last head of the UN agricultural growing water scarcity is one improve water access for all at rate of 5.84pc per year for hundred and seventy unmanned and four in Sindh and eighty three years are: Divestment of agency has urged the interna- of the leading challenges to people, and water is a theme of seven days to save it from liq- level crossings across the coun- six in Balochistan. 19.8 percent equity of United tional community to promote achieving the Sustainable other goals related to poverty, uidity crunch. try which needs to be manned The Railways Minister said Bank Limited, five percent more efficient use of water and Development Goals (SDGs). hunger and malnutrition, and According to an SBP state- to avoid accidents. his ministry has sent numerous Government of Pakistan to take steps to secure water "Agriculture and food sys- climate change. ment, it conducted open market Addressing a news confer- letters to all provincial govern- shares in Pakistan Petroleum access, especially for poor fam- tems bring all of these global In his speech, Graziano de operation and injected Rs926 ence in Lahore Sunday ments to play their role in man- Limited, 11.46 percent equity ily farmers. goals together and provide Silva noted that as the world billion in the banking system. evening, the minister said man- ning the level crossings but of Allied Bank Limited and Addressing the annual Global opportunities for a transforma- population is expected to The SBP said that it received ning the level crossings is only Punjab provided necessary divestment of 41.5 percent Forum for Food and tional change," Graziano da exceed nine billion by 2050, 20 applications for providing a responsibility of the provincial funds for this purpose. equity of Habib Bank Limited Agriculture now underway in Silva told participants at the and with millions of family whopping Rs960 billion to the governments. He said eighty people have and privatization of National Berlin, the Director-General of Summit, being held this year farmers already lacking access banking system but it accepted Giving the breakup, he said died in railway crossing acci- Power Construction the Food and Agricultural around the theme of water and to freshwater, conflicts over 18 offers amounting to Rs926 of these one thousand one dents across the country during Corporation. - NNI Organization (FAO), Jose agriculture. See # 8 Page 11 billion. - NNI hundred and ninety five are in the last three years. - NNI Big powers thrust terrorism on Islamic world: Siraj ISLAMABAD: Ameer, Hadith Pakistan, at the Pak were lacking. The JI chief said there were that the Muslims states real- Pakistan would defend Saudi said that most of country's Jamaat-e-Islami, Pakistan, China Friendship centre, Sirajul Haq said that those one and a half billion Muslims ized the need for unity for Arabia till the last drop of their well known political figures Senator Sirajul Haq has said Islamabad, he said that terror- blaming the Muslims for ter- and 56 Muslim states in the their own defense. He howev- blood and added that 220 mil- were involved in corruption, that the big powers had thrust ists had no religion, and said rorism were actually support- world today but they were in er added that this unity would lion Pakistanis were with and the menace would not end terrorism on the Islamic world "we condemn all forms of ter- ing terrorism and cooperating disarray. The Muslims world not be against any one, but Saudi Arabia for the defense of if there was no major opera- to safeguard their interests but rorism". with the terrorists. He asked did not have its common mar- only aim at protecting the Islam and the Muslim world. tion against it. were blaming Islam and the The JI chief declared that for what crime Iraq and ket, defense and education Muslim world's interests. Meanwhile, in his telephonic He said that the Sindh Muslims for terrorism and Islam was the religion of Afghanistan had been pun- system till today. He said the The JI chief welcomed the address to the Sindh JI Shoora, province was mired in extremism through false prop- peace and brotherhood, and ished. He said that bloodshed Muslim youth of the present statement of the Army Chief Sirajul Haq said that the JI numerous problems ranging aganda. added that the future of had been going on in these era looked at the world from Gen. Qamar Javed Bajwa, that would carry its campaign from drinking water, filth, Speaking at a Peace confer- humanity lay only in adopting countries for the last two the west's eye. As such, there the defense of the Haramain against corruption to its logi- and unemployment. He said ence organized jointly by the the divine system given by decades, lakhs of innocent was need to evolve a common Sharifain was the collective cal end. He said that spots of it was time that the Sindh Ministry of Religious Affairs, Islam. He said there was no people there had been put to education system and syllabi responsibility of the Muslim corruption had surfaced on the government adopted concrete the Rabita Alam Islami, peace in the world today death and killings were still for the Muslim world. Ummah. He said that the peo- country's ruling family in the measures to solve these prob- Makkah and the Jamiat-e-Ahle because justice and fair play going on. Besides, he said it was time ple and government of wake of the Panama leaks. He lems. - NNI Printed & Published by Shakil Haider Jafri at KK Printers for Data Research Communication, 111-C, Jami Commercial Phase VII, DHA Karachi.