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Sattar elected MQM-P Inside Pages: Tuesday #2: TWEK 2018 to become largest wedding show February 20, 2018 chief in intra-party #3: AIOU sets up Alumni's social network Jamadi-us-Saani 3 #4: Terrorist financing 'gray list' Vol#11 Issue# 170 elections #8: UN chief urges global rules for cyber warfare Pages 8 Rs 12 #6: European shares build on recovery, Airbus shines See Page# 8 KARACHI EDITION

Economic Indicators Forex Reserves (9-Feb-18) $18.968bn TOP NEWS:::BLIND CRICKETER DEPRIVED OF PRIZE MONEY BY PBCC FOR 'INDISCIPLINE' Inflation CPI% (Jul 17-Jan-18) 3.85% Exports (Jul 17-Jan-18) $12.97bn Imports (Jul 17-Jan-18) $34.51bn All state pillars must perform within their parameters; Courts Trade Balance (Jul 17-Jan-18) $(21.54)bn summon MPs, label them as mafia, thieves and dacoits, while Current A/C (Jul 17-Dec-17) $(7.41)bn Remittances (Jul 17-Jan-18) $11.38bn sometimes threaten to nullify the legislation adopted by them; Foreign Invest (Jul 17-Jan-18) $1.45bn Revenue (Jul 17 - Dec 17) Rs 1,712bn If members has right to legislate or needed any prior approval Foreign Debt (Dec 17) $88.89bn Domestic Debt (Sep 17) Rs 15,890bn Repatriated Profit (Jul 17-Dec 17) $0.928bn LSM Growth (Dec 17) -1.40% Conflict among the GDP Growth FY17 5.30% Per Capita Income FY17 $1,629 Population 197.75mn Portfolio Investment institutions always SCRA(U.S $ in million) Yearly(Jul, 2018 up to 16-Feb-2018) -211.05 Monthly(Jan, 2018 up to 16-Feb-2018) -36.53 Daily (16-Feb-2018) 11.67 hurts country: PM Total Portfolio Invest (9-Feb-2018) 7,234 NCCPL Constitution had defined the limits of all institutions and they (U.S $ in million) FIPI (19-Feb-2018) 2.31 would have to act within that purview else country to suffer; Local Companies (19-Feb-2018) 0.83 Urges the House to debate whether it had right to legislate and Banks / DFI (19-Feb-2018) -0.32 Mutual Funds (19-Feb-2018) 0.50 government had powers to make decisions and appointments NBFC (19-Feb-2018) -0.55 ISLAMABAD: Prime Minister Azerbaijan's Finance Minister calls on Prime Minister Local Investors (19-Feb-2018) -1.28 Shahid Khaqan Abbasi Monday ISLAMABAD: President Mamnoon Hussain conferring Nishan-e-Imtiaz (Military) upon Chief of Other Organization (19-Feb-2018) 0.58 said with their jurisdictions pre- Royal Malaysian Navy Admiral Tan Sri Ahmad Kamarulzaman HJ Ahmad Badaruddin, here at Global Indices defined by the constitution, all Khaqan satisfied on PM's the Aiwan-e-Sadr, Monday. - PID photo Index Close Change the state pillars must perform Unprovoked violation President tells Chief of Royal Malaysian Navy KSE 100 43,572.67 54.43 within their parameters as any Youth Programme Nikkei 225 22,149.21 428.96 conflict among national institu- Hang Seng 31,115.43 599.83 tions always hurt the country. ISLAMABAD: Expressing satisfaction on overall progress Return LoC Sensex 30 33,774.66 236.10 Addressing the National of various components of Prime Minister's Youth Fence along Pak, ADX 4,579.48 3.00 Assembly session chaired by Programme, Prime Minister, Shahid Khaqan Abbasi has said Pak fire leaves SSE COMP. 3,199.16 14.20 Speaker Sardar Ayaz Sadiq, the that youth programme, initiated in 2013, was reflective of FTSE 100 7,247.66 47.04 prime minister quoted the the priorities of PML-N government to help the youth in Afg border being *Dow Jones 25,219.38 19.01 media reports that the courts becoming the most productive asset of the society and thus two Indian *Last Updated 20:00 PST summoned the parliamentari- enabling them to contribute towards overall socio-economic GDR update ans, labeled them as mafia, development of the country. troops killed built to prevent Symbols $.Price PKR/Shares thieves or dacoits, and some- See # 1 Page 7 SIALKOT: Pakistan Army's MCB (1 GDR= 2 Shares) 3.00 165.68 times threatened to nullify the He said the constitution had House should hold a debate. retaliatory fire across the bor- OGDC (1 GDR= 10 Shares) 13.00 143.59 legislation made by them. defined the limits of all institu- This is not a partisan debate. der after unprovoked Indian fir- terrorists' access UBL (1 GDR= 4 Shares) 7.00 193.30 "These are the media reports tions and they would have to This is not a party's debate. ing at the Line of Control ISLAMABAD: President Pakistan from across the border. LUCK (1 GDR= 2 Shares) 28.85 796.66 and I wish the same were act within that purview else the This is the House's debate," he (LoC) left two Indian soldiers Mamnoon Hussain has said that The President underscored HUBC (1 GDR= 25 Shares) 31.54 139.35 wrong," he remarked. country would suffer. It had added. killed while a check post was He questioned the mem- been witnessed repeatedly that "As far as executive is con- fence along Pakistan- that operation Zerb-e-Azb and Money Market Update destroyed. Afghanistan border is being Raddul Fasaad against terror- 14-Feb-2018 bers from both sides of the in case of any conflict, it was cerned, government officers are T-Bills (3 Mths) 6.21% Pakistan military retaliated T-Bills (6 Mths) 14-Feb-2018 6.01% aisle if they had a right to the country that suffered, he summoned to court, insulted, built to prevent terrorists' infil- ism have been successful and Indian fire that claimed life of T-Bills (12 Mths) 14-Feb-2018 6.03% legislate or needed any prior added. policies are negated (and) tration. terrorists have been eradicated. Policy Rate 26-Jan-2018 6.00% an eight-year-old boy named approval for it. "To avoid any conflict, the See # 2 Page 7 The president stated talking Mamnoon Hussain said our Kibor (1 Mth) 19-Feb-2018 6.50% Ayan who belonged to Jajot vil- Kibor (3 Mths) 19-Feb-2018 6.37% to Chief of Royal Malaysian armed forces have expertise in Kibor (6 Mths) 19-Feb-2018 6.43% lage. Navy Admiral Tan Sri Ahmad counter-terrorism and they can Kibor (9 Mths) 19-Feb-2018 6.71% "Use of Pellet guns in Indian Kamarulzaman HJ Ahmad also provide training to the Kibor (1 Yr) 19-Feb-2018 6.75% Occupied Kashmir (IOK) and 24-Jan-2017 Dastagir refuses to reveal Badaruddin in Islamabad today. brotherly countries. P.I.B (3 Yrs) 7.00% P.I.B (5 Yrs) 24-Jan-2017 7.75% blatant targeting of innocent He said Pakistan has broken The president underlined that P.I.B (8.15 Yrs) 24-Jan-2017 8.75% unarmed civilians across LOC the back of terrorism and now there are exemplary brotherly P.I.B (15 Yrs) 24-Jan-2017 10.00% exposes true Indian face," a terrorists are entering in See # 6 Page 7 P.I.B (20 Yrs) 24-Jan-2017 10.75% details of deployment of P.I.B (30 Yrs) 24-Jan-2017 11.00% military statement read. PMEX Commodity Index. See # 9 Page 7 Hearing of Avenfield Apartments reference Opening 3,242 Closing 3,239 troops to Saudi Arabia Two suicide Change -3.00 Monitoring Desk When the Senate chairman "These troops will be deployed AC summons Wajid % Change -0.09 Raza Rabbani asked if the within the boundaries of Saudi Volume (Lots) 7,364 ISLAMABAD: Defence details can be revealed during Arabia." bombers shot Commodities Minister Khurram Dastagir an in-camera session," the min- Dastagir once again refused Zia on Feb 22 along *Crude Oil (brent)$/bbl 65.54 stirred a debate in Senate on ister said. "Even in an in-cam- to reveal details when Senator dead in BA *Crude Oil (WTI)$/bbl 62.46 Monday as he refused to reveal era session, we'd request not to Farhatullah Babar asked if the *Cotton $/lb 77.16 RAWALPINDI: The security with original record the details of the troops be asked questions on the exact troops are going to be deployed forces have foiled a major terror- *Gold $/ozs 1,347.59 deployed in Saudi Arabia. deployment as this is an issue in Sharora, which is a town bor- Monitoring Desk Investigation Team (JIT) with *Silver $/ozs 16.64 ist attack in the federal capital, "We cannot share operational relating with the national secu- dering Yemen. original records on February 22. Malaysian Palm $ 645 Khyber Pakhtunkhwa province details of troops deployment [in rity and that of the troops." The minister also said the ISLAMABAD: Accountability The original records would *GOLD (PMEX) PKR 48,214 and the Federally Administered KHI Cotton 40Kg PKR 7,502 Saudi Arabia]," Dastagir said Rabbani further said that in troops are being deployed as court summons head of be required during statements during a session of the addition to 1,600 troops who part of an agreement with Saudi Tribal Areas (FATA). Panamagate JIT with original of two foreign witnesses. *Last Updated 20:00 PST According to the Inter Open Mkt Currency Rates Parliament's Upper House on have been deployed, 1,000 Arabia in 1992. records This will be the first time Monday. more will be joining them. See # 3 Page 7 Services Public Relations An accountability court in Wajid Zia and Nawaz Sharif Symbols Buy (Rs) Sell (Rs) (ISPR), a successful intelli- Australian $ 87.50 88.30 Islamabad, hearing the will be present in the same gence-based operation was Avenfield Apartments refer- court together. Canadian $ 88.50 89.35 CJP hears petitions filed by growers of three sugar mills See # 10 Page 7 Danish Krone 18.20 18.50 ence, has summoned Wajid Zia, Zia was summoned on the Euro 137.75 138.95 Ishaq Dar head of the Panamagate Joint See # 7 Page 7 Hong Kong $ 14.05 14.30 Relocated Sharif sugar mills Orders Talal to submit reply till Monday Japanese Yen 1.020 1.050 Saudi Riyal 29.55 29.75 withdraws Singapore $ 84.25 85.05 SC issues show-cause Swedish Korona 13.70 13.95 will not open in any case papers for Swiss Franc 118.10 119.00 Monitoring Desk Haseeb Waqas Sugar Mills to return them to their previous U.A.E Dirham 30.35 30.60 Muzaffargarh and Ittefaq Sugar locations within three months, general seat notice to Daniyal in UK Pound 155.50 157.25 ISLAMABAD: Supreme Mills to Bahawalpur - Chief having observed that the Sharif US $ 111.55 111.85 Court (SC) disallowed on Justice of Pakistan Mian Saqib family had illegally relocated ISLAMABAD: Former Monday the reopening of sugar Nisar said that the mills will not the mills. The order came in a Finance Minister Ishaq Dar on court contempt case Inter-Bank Currency Rates Monday withdrew his nomina- Symbols Buying Selling mills owned by the Sharif fam- open "come what may". case filed by Pakistan Tehreek- ISLAMABAD: The Supreme contempt of court case. TT Clean TT & OD ily in south Punjab. Farmers approached the apex i-Insaf's Jahangir Tareen, where tion papers submitted for the Court of Pakistan (SC) on A three-member bench head- Australian $ 87.43 87.59 During the hearing of peti- court to allow crushing of sug- he challenged the relocation. general seat in the upcoming Monday issued a show-cause ed by Justice Sheikh Azmat Canadian $ 87.99 88.15 tions filed by growers for the arcane for the current season In their petition, the farmers Senate elections. notice to Federal Privatisation resumed hearing of the suo Danish Krone 18.40 18.43 reopening of three relocated after LHC had declared the said that the season's crop will It may be noted that Ishaq Minister Daniyal Aziz and motu notice on Monday in Euro 137.03 137.27 sugar mills - Chaudhry Sugar relocations illegal and ordered be wasted if the mills are not Dar was to contest in the Senate given him deadline till Islamabad. Hong Kong $ 14.25 14.27 Mills to Rahim Yar Khan, that the owners of the mills See # 4 Page 7 See # 11 Page 7 February 23 to submit reply in See # 8 Page 7 Japanese Yen 1.044 1.046 Saudi Riyal 29.41 29.46 Singapore $ 84.12 84.27 Swedish Korona 13.86 13.88 Market stays mixed on France meeting anticipation Swiss Franc 118.93 119.11 U.A.E Dirham 30.07 30.12 UK Pound 154.56 155.15 KSE-100 Index sees volatility closing lower by 53 points US $ 110.46 110.64 Ghulam Raza Rajani to end the day on negative note. Fahad Iqbal at Topline price to touch US$62/barrel. put from 2012-2015. holding 81pts, while LUCK The benchmark KSE-100 Securities said Pakistani equi- Resultantly, market closed Resultantly, traded volumes (+1.9%), PSO (+1.8%), Weather Forecast Cities Max-Temp Min-Temp KARACHI: Market observed index closed lower by 53.43 ties after a promising start lower at 43,573 levels, down d/d were down 15% while SEARL (+2.4%), BAHL Islamabad 24°C 15°C yet another volatile session as point to close at 43,572.67 exhibited volatile behavior. (54pts/0.12%). Investors tread- value was down 12%.Decent (+0.7%) & KAPCO (+2%) Karachi 34°C 21°C index remained in state of points. KSE All Share Index The market steadily lost ed cautiously ahead of the financial results of index added 80pts to the index. Lahore 29°C 15°C shock. Bullish closure on last decreased by 153.75 to end at ground as selling pressure Financial Action Task Force's names such as ASTL, HUBC, The advance to decline ratio Faisalabad 27°C 12°C trading day supported market to 31,303.18, KSE 30-Index exacerbated on account of siz- (FATF) key meeting in Paris FCCL ,UBL and OGDC failed in the broader market remained Quetta 16°C 7°C start the week on positive note. declined by 0.79 points to con- able position in future con- next week (Feb 21-23, 2018) as to boost investor sentiments. in favour of bears. Out of 370 Rawalpindi 21°C 10°C Anticipation regarding meeting clude at 21,849.79, whereas tracts of Rs10.9bn requiring USA and few European coun- Top 5 Index point decliners scrips, 140 scrips advanced, Subscribe now to whether to include Pakistan in KMI 30-Index down by 4.00 settlement by end of this week. tries plan to table a motion with were PAKT (-5%), PPL (- 205 declined while the value of Tel: 92-21-35311893-6 terrorist watchlist absorbed all points to finish the day at Investors even did not pay heed FATF, to put Pakistan back on 0.9%), FCCL (-3.2%), UBL (- 25 scrips remained intact. Fax: 92-21-35388427 the positivity and forced market 72,749.38 levels. to the US$0.60 rise in WTI oil its watch list where it was last 0.6%) & TRG (-2.9%) with- See # 5 Page 7 Email: editor@ thefinancialdaily.com 2 NATIONAL Tuesday, February 20, 2018 TWEK 2018 to become largest wedding show KARACHI: The izers, Occasions - Events entire team of the Wedding Expo Karachi Planners & Organizers the Wedding Expo Karachi (TWEK) 2018 is an event concept behind the wed- the best of luck; I am hon- that is brought to people ding show is to facilitate ored to be a part of it." by Occasions - Events the general public in mak- Celebrities like Nadia Planners & Organizers in ing wedding shopping as Hussain who is the Event collaboration with convenient as possible. Ambassador and MoltyFoam. TWEK 2018 Hasan Zia, Head of Supporting Partner and is committed to bringing Operation and Business the spokesperson at Pakistan's most renowned Development, Occasions TWEK 2018 added: "This wedding exhibitors Events Planners & is an ideal opportunity for together on one platform, Organizers said "The idea people who are out there says a Press release. was very simple. We preparing for their wed- The Wedding Expo is a wanted to make life easier ding. An event like this 2 day wedding show that for the people who are makes life a lot easier for will have photographers, arranging their own or a those running around in dress designers, jewelry loved one's wedding. We different directions to find exhibitors, furniture all know how stressful the right people to make designers, salons, makeup Pakistani weddings can be their wedding memorable. artists, wedding planners so the purpose of the We, at Wedding Expo are and decorators under one "Asaan Shaadi" is that it providing them will all the roof. With the support of promises to bring every- facilities in one place." their title sponsors thing together under one The Wedding Expo will MoltyFoam, Occasions roof for the attendees. We have lucky draws, dis- has invited many have exhibitors from vari- counts, vouchers, give- renowned names to The ous industries coming aways, fashion shows Wedding Expo Karachi together to assist atten- and a lot more. Visitors 2018 e.g. Interwood, dees in making their wed- that will plan their wed- Habitt, Nadia Hussain ding as effortless as possi- ding through the Salon, Munib Nawaz, ble." exhibitors present will Rizwan Moazzam, Munib Nawaz who is a get a 30% discount on all Roshan Rahain's Financial Literacy Programme KCCI team Jimmys, Hakim & Sons supporting partner said: services provided at the Photography, Nadia "The Wedding Expo is a Wedding Expo. Experts to depart for Chottani, Oriflame, great opportunity for our present at the show will Jubilee Life Insurance, country's biggest and most offer their expertise in Jubilee Life supports Shutter Phutter, Wi-Tribe, celebrated occasion to making attendees wed- Mauritius Careem and many more. become organized under ding days the best day of on Feb 26 According to its organ- one platform. I wish the their lives. 'Hisaab Kitaab' KARACHI: In response KARACHI: Roshan which stands at 2 billion, as Lahore Grammar School hope to expand our reach to to the invitation extended Martin Dow presents Rahain an ambitious young, per the World Bank (WB). commented "The activities other cities of Pakistan by the Mauritian President non-profit organization is The lack of financial access conducted by Roshan reaching as many children Dr. Ameenah Gurib- committed to educating creates multiple problems Rahain were extremely cre- as possible". Fakim, a high-level trade IBA Career Fair children using alternate for people including having ative and the role playing Jubilee Insurance is a delegation from the forms of art and has to face financial shocks, idea was superb as kids not global brand of Aga Khan Karachi Chamber of KARACHI: Martin Dow career paths." stall set up at the event launched first-of-a-kind unexpected expenses and only enjoyed themselves Fund for Economic Commerce and Industry partnered with one of Representatives of vari- where students could financial literacy program in being excluded from sav- but also learned a lot Development (AKFED) (KCCI) will be departing Pakistan's leading busi- ous companies along with interact with the team and Pakistan with support from ings services. through these activities". that offers diverse insur- for Mauritius on February ness schools, the Institute the IBA's senior manage- find out about career Jubilee Life Insurance. The Jubilee Life Insurance sup- A representative from the ance solutions (life, health 26, 2018 to not only of Business ment attended the event opportunities. Dr. Program will teach children ports Roshan Rahain for a 3- Sharif Education Trust said and general) in the Asian explore Trade and Administration (IBA), to including Acting Dean Dr. Muhammad Qamarul about the importance of sav- month long program, Roshan "We need more of these and East African markets. Investment opportunities present this year's IBA Sayeed Ghani, Associate Hassan who is a pioneer ings, techniques of manag- Rahain's team reached out to activities & educational Being one of the fastest between the two countries Career Fair as their title Dean Dr. Huma Baqai, and the leading expert on ing day-to-day transactions, approximately 3,000 chil- sessions, the use of music growing life insurance and the neighboring coun- sponsor. The event which Patron of Alumni and "Personality Type and handling cash and much dren from different schools to learn financial literacy companies in Pakistan, tries of Mauritius but also is hosted by the IBA Placement Society Jami Personality Type Based more using the medium of in Lahore as well as from was very creative and this Jubilee Life boasts a pres- seek ways and means of Alumni & Placement Moiz and Head Alumni Performance music and other engaging institutions that are working is an important subject for ence in every major city in how to effectively pene- Society in collaboration Affairs, External Relations Improvement Solutions" activities along with role with underprivileged chil- children in these times the country. They employ a trate into the huge African with the IBA Career and Resource in the region was also playing, says a Press dren. During the project, the especially". highly trained sales force Market via Mauritius, Development Centre saw Mobilization Ms. Malahat present at Martin Dow's release. team visited numerous Founder of Roshan of more than 3500 individ- says a Press release. more than 80 leading Awan. stall to conduct personali- Pakistan has the lowest schools including Lahore Rahain, Shaigan Azhar uals who help insure mil- KCCI's delegation, national and multinational The IBA Career Fair ty tests for the students. financial access in the Grammar School, Aitichson shared "Children have a lions of lives through rela- being led by its Vice organizations participating also serves as the perfect Having developed a world. About 100 million School, Door of Awareness great ability to learn new tions with a large number President M. Rehan to make it the largest avenue for prospective state-of-the-art online adults in Pakistan (roughly & Sharif Education Trust, things. The use of music and of organizations across Hanif, will hold numerous career fair in the Institute's employers to scout for the portal, IBA's Career Fair about 80% of country's Rosan Islamic School, SOS other techniques has proven Pakistan. Jubilee Life is meetings including meet- history, says a Press best talent and bring on was the first paperless population) don't have Village, in total the Roshan impact on their ability to the only company with the ings with the Mauritian release. board the best employees career fair of its kind, access to formal and regu- Rahain team visited around learn. We are extremely largest gross premiums President, Office Bearers Chairman, Martin Dow, for their organizations. with all students and com- lated financial services. 15 schools both private & thankful to our sponsors & written and has insured of Mauritian Chamber of Jawed Akhai said: "We are Currently, over 4000 stu- panies interacting through This number accounts for public. schools for believing in us over 5 million lives Commerce, representa- honored to have had the dents are enrolled in vari- the digital medium for about 5% of the world's Speaking at the activity and helping us reach out to through multiple channels tives of Greenwich opportunity to be the title ous disciplines at the IBA. CV/Profile access and unbanked population, session, the coordinator of children. Moving on, we of distribution. University in Mauritius, sponsor for IBA's Career The core strength of the downloading capabilities. Pakistan's High Fair. This fair not only IBA, having developed Other sponsors for the Commission and other provides students with the over 60 years of excel- event included Habib PMEX facilitates 3rd electronic important meetings with ideal environment to inter- lence, emanates from the Bank Limited as the the Mauritian business act with various national 13000+ alumni who have Platinum Partner, Bogo as and industrial community. and international compa- graduated from the rolls of the Bronze Sponsor and Murabaha deal for Modaraba Vice President KCCI nies but it also helps them the Institute to date. Pepsi as Beverage Rehan Hanif, while com- in better figuring out their Martin Dow also had a Partner. KARACHI: Pakistan ous transactions in quick for the Government of development of Islamic menting on the forthcom- Mercantile Exchange succession has written a Pakistan in borrowing Money Market." ing visit of KCCI's dele- For defending former SSP Malir Rao Anwar Limited (PMEX), country's new chapter in the history money in a Shariah compli- Jalaluddin Ahmed, CEO gation to Mauritius, said only multi-commodity of Islamic banking. All ant manner. of First Al-Noor Modaraba that the first and foremost futures exchange facilitated market participants under Commenting on the occa- (FAM) said, "We are purpose is enhance the PTI submits resolution the country's third electron- the able guidance of State sion, Managing Director of pleased to announce that existing meager trade vol- ic Murabaha transaction Bank of Pakistan (SBP) PMEX, Mr. Ejaz Ali Shah, our Modaraba has partici- ume between the two and the first transaction for and Securities and said, "I would like to con- pated in the electronic countries and review the against Zardari in PA a Modaraba between Exchange Commission of gratulate First Al Noor Murabaha transaction feasibility of routing Meezan Bank Limited and Pakistan (SECP) are striv- Modaraba for conducting through Meezan Bank KARACHI: A resolution which, he criticized Naqeebullah murder case. Pakistani goods to First Al-Noor Modaraba, ing hard to bring Islamic their first transaction at the Limited using the Shariah condemning Pakistan Zardari for declaring "Everyone should back off says a Press release. banking at par with the PMEX platform with Compliant Trading African countries via People's Party Co-chair- Anwar, who killed inno- and review the case from a State Bank of Pakistan of conventional banking in the Meezan Bank. The joint Platform (SCTP) at PMEX. Mauritius. Besides having man Asif Ali Zardari has cent people in fake new angle," he asserted. Pakistan (SBP) had earlier country. As these transac- efforts of apex regulators, Moreover, FAM is formal meetings with been tabled in Sindh encounters, as brave kid. "The reports of Rao's allowed banks to conduct tions become a norm, Sharia advisors, Market extremely thankful to Mauritian counterparts, Assembly on Monday for The resolution further involvement in 444 extra- transaction on PMEX Islamic financial institu- Participants and financial Meezan Bank for providing KCCI delegation also defending former SSP demanded Zardari to apol- judicial killings are mere Sharia Compliant Trading tions will be able to man- institutions and the the necessary expertise in intends to hold informal Malir Rao Anwar. ogize from Karachi peo- talks. If there are this Platform (SCTP) in a limit- age their liquidity in a con- Exchange has successfully executing the said transac- interactions with The resolution was sub- ple. much encounters, why ed capacity for the pilot venient, transparent and resulted in the formation of tion and are also grateful to Pakistanis living in this mitted by Pakistan Earlier, in an interview, only 440 petitions against period of three months. Shariah-compliant manner. a new ecosystem which PMEX for providing a beautiful island, he Tehreek-e-Insaf's (PTI) Zardari had maintained him are in courts?" he The conclusion of vari- This will also pave the way will pave the way for the smooth structure". added. Khurram Sher Zaman in that media sensationalized questioned.-NNI Zubair opens two-day grand Momemtum conference KARACHI: In continu- tance of startups, for the discussions, which aim to urge and need to invest in exclusive chance of said, "The IT industry of exempting them from 3 these delegates are visit- ous efforts to serve the progression of any econ- enlighten them with the Pakistan in absence of pitching their proposals Pakistan is growing at a years of taxes. While ing Pakistan for the very economic development of omy, Mohammad Zubair, current trends, challenges exits, how great-women to around 25 investors fast pace across different National Incubation first time. We hope their Pakistan and creating Governor Sindh said, "I and solutions for the lead and inspire change, and multiple representa- categories, though the Centers have been estab- presence helps to enlight- new platforms for the congratulate Momentum factor of risk manage- lished in Lahore, en and boost the confi- budding youth, for empowering the ment plays a crucial role, Islamabad and Peshawar dence of our youth to Momentum holds a two- youth of Pakistan as any new business or and will very soon launch continue working hard day grand conference for through this initiative. startup requires an exe- in Karachi." with zeal." technological entrepre- Over universities are pro- cutable plan. People have The Founder and CEO, Momentum is a global neurs, on 19th and 20th of ducing thousands of innovative ideas but are Syed Amir Jafri, stated: startup community with a February 2018, at Expo graduates every year, weak in implementation "The response from the designated purpose of Centre, Karachi. The compared to limited which strangles their first Momentum educating, inspiring and event was inaugurated by vacancies in the job mar- dreams. Over 60% of our Conference has been connecting entrepreneurs Mohammad Zubair, ket. Personal ventures population is below 30 heartwarming. We across Pakistan, who Governor Sindh, says a and startups are essential years of age, therefore the received huge apprecia- have developed innova- Press release. to utilize their abilities in need of startups is crucial tion from both the tech tive ideas and worked on This year, in a positive manner. The for generating new jobs. fraternity and startups for disruptive technologies to Momemntum'18, more presence of international Through this platform, our efforts. Contrary to create a diverse knowl- than 300 startups are par- tech giants will prove we aim to bring together the belief that startups edge platform for the eco- ticipating from all over meaningful for the partic- the experienced and inex- only sprout in big cities nomic growth of Pakistan, sharing their ipants. The government perienced to lend a help- like Karachi, we have a Pakistan. ideas and strategies. is ready to support start- ing hand towards the fee- number of participants The startups which Around 50 practicing ups by establishing fur- ble feet of the youth of joining us from 19 small present the most innova- professionals and entre- ther incubation centers Pakistan. In a bid to cities. We are honored to tive and exclusive ideas, preneurs are conducting across Pakistan in a bid bridge the gap under the be hosting extremely during the conference interactive workshops to promote peace and a theme of changing mind- noteworthy participants will be rewarded with a and seminars on success- sustainable future." future of the sector in the and the challenges and tives from no less than 20 sets" from the tech universe, to foreign based scholar- ful startups and survival Renowned veterans country. The panel dis- opportunities on offer incubators during the He further added, "The name a few we have rep- ship, along with a grand as an entrepreneur in the from the world of tech- cussion will feature a set from EdTech. meet and greet sessions. government of Pakistan is resentatives from Google, opportunity to engage two-day conference. nology will be teaming up of important topics which Furthermore the partici- Asif Jafri, Founding also playing its part in IBM, Amazon, Facebook with the investors from In line with the impor- to participate in the panel include; Identifying the pating startups avail the Member of Momentum promoting startups by and Microsoft. A few of the global market. NATIONAL 3 Tuesday, February 20, 2018 NCHD set to kick off enrollment campaign 'all children in school' ISLAMABAD: National ars, students, teachers and Shah said civil soci- Commission for Human local representatives in the eties would help the edu- development (NCHD) in enrollment campaign to cation department in the collaboration with motivate children to join identifying areas where provincial education classes." Shah said that the ratio of out of school department is being they would be mobilizing children was highest. launching the enrollment all people to make the Special attention would campaign "All Children in enrollment campaign suc- be given to areas of less School 2018". cessful. enrolment, he added. Talking to state-rune He said that basic pur- He pointed out that to media on Monday pose of the enrollment enhance literacy level in Director Operation NCHD campaign was to minimize the province; NCHD had Balochistan Sikandar the number of out of also initiated adult educa- Shah said Education school children. He said tion programs, adding that Enrollment campaign for special focus would also NCHD was also running winter zone of Balochistan be given in enrollment of 720 adult education cen- will from March in which girl students. ters in the province. around 0.5 million non- The education was the He said the commis- going children to schools only way forward towards sion was also offering would be enrolled and it a progressive Balochistan, vocational and profes- would continue till April. he said and added that sional training of differ- He said, "We will serious efforts were need- ent skills for earning engage tribal figure, social ed to increase literacy rate respectable living for activists, religious schol- in the province. their families. - NNI LAHORE: Federal Minister for Defence Production, Science & Technology Rana Tanveer Hussain talking to media, here Monday. - Pakistan beat Japan PID photo Mayor opens to move in 3-Nation renovated MCB-AH, Investments school in hockey event final Korangi Limited sign agreement LAHORE: Pakistan beat less. Mubashar Ali broke ing eight points. KARACHI: Mayor Japan 2-1 to breeze into the deadlock in the 32nd Japan (four points) and Karachi Wasim Akhtar final of the 3-Nation hock- minute when he converted Oman (one point) would said the founders of with Covalent Limited ey tournament at Muscat a penalty corner. play the last match of the Pakistan never gave in; Sultan Qaboos sports Withing two minutes, league on Monday. KARACHI: MCB-Arif Covalent and support of need funds. ital payments platform complex. Japan equalised through Only a big Oman win we also need to work Habib Savings and 1LINK we are pleased to Also at this occasion that can address both the According to informa- Kenta Tanaka, also off a over Japan would enable with the same new spir- Investments Limited bring this service that will Shahzad Shahid, Director, short and long term tion made available on PC. hosts to qualify for the it. (MCB-AH) has signed an change the transactional Covalent said "With 60% objectives of any finan- Monday by the Pakistan Both the sides fought final against Pakistan as The country is being agreement with Covalent dynamics and most Pakistani population cial institution, processor Hockey Federation, it was hard to go ahead. Japan have a goal differ- going on reconstruction Pvt Limited an Access importantly bring ease under the age of 30, most or telco. Pakistan's first win over In the 48th minute, ence of +1 while Oman's and new generations Group and TPS Joint and convenience to our of whom are tech savvy, Incorporated in 2016, Japan in five international Pakistan again took the goal difference is of -6. have this responsibility Venture to launch customers." the mutual fund industry we are a joint venture matches played so far, lead through their experi- In all probability, it will to protect it. All areas Pakistan's First mutual Sharing the inspiration must aim to deliver prod- between two leading after two defeats and two enced striker Umar Bhutta be Pakistan vs Japan Final. fund with 1LINK enabled at the signing ceremony, uct and services digitally. industry players, Access in Karachi should get PayPak Debit Card, says a Imran Qureshi, CEO, Signing up with Covalent Group and TPS. This draws and should serve as and it remained 2-1 when Scorers, Pakistan: the fruits of progress a morale booster for the the match ended. Mubashar Ali (off penalty Press release. Covalent said, "Our col- is the first step towards strategic alliance brings and development. final being played tomor- Pakistan have completed corner), Umar Bhutta. This technology partner- laboration with MCB-Arif providing those value together the combined row, (Tuesday). their four matches of the Japan: Kenta Tanaka (off Elected representatives ship will enable MCB-AH Habib Savings and added services like Debit expertise and domain The first half was score- double league phase earn- penalty corner). - NNI are working vigorously Investors to withdraw Investments Limited is the Transaction facility which knowledge of both com- for betterment of the cash from any 1LINK first of its kind in the will bring us closer to our panies, providing the best city, all available enabled ATM and perform mutual fund industry of younger generation of of the best for the local resources will be spent transactions at merchants Pakistan. We are enor- investors. market. Be it normal elec- AIOU sets up Alumni's on the city. just like a regular debit mously proud that the liq- Covalent is the 1st tronic banking transac- He expressed these card in Pakistan. uidity paradigm for mutu- local collaboration on the tions, ecommerce transac- Speaking at the occa- al funds investors will be Cloud, formed with the tions, loyalty management views while addressing social network sion, Saqib Saleem, CEO, redefined, where cash objective of leading the or mobile payments, we as chief guest in the ISLAMABAD: Allama should be a source of ing biggest number of MCB-AH said "This is a withdrawals and purchase way towards digital want to change the way Iqbal Open University strength for promoting the their alumni home and inaugural ceremony of ground-breaking innova- will be instant. Investors transformation of banks the masses transact with (AIOU) has established University's image and abroad who are serving the repaired and reno- tion for the mutual funds can now be assured that in the most cost effective newer and innovative Alumni Association for achieving its educational the society in different vated government industry of Pakistan. With their savings are available and efficient way. We ways of making digital promoting long-term goals. capacity. school building in the collaboration with to them as and when they offer a white labeled dig- payments. cooperative relationship The website launching The office of the Alumni union council 36 of and cultivating a culture of ceremony held here was will serve as a bridge to Nasir Colony, Korangi. KMBL pre-tax Implementation of successful water projects engagement. participated by a large establish relationship Chairman of DMC It will also provide a number of the University's among the University and Korangi Syed Nayyar profit clocks platform to the thousands current and passed-out the Alumni. Through the Raza, Vice Chairman of University's ex-students students. Through the website, the Association's Abdul Rauf, Chairman in at Rs2.5bn Engro Corpn, for sharing their success websitemembers will be updated of city council works stories and arranging re- ([email protected]), about the available oppor- union. the inspiring students tunities and life at AIOU. committee Hassan ISLAMABAD: The Association was could register themselves As per the vision of the Naqvi, chairman of Khushhali formally came into being for membership to avail Vice Chancellor, Dr. Nasir Parks committee Microfinance Bank with the launching of a certain facilities. further said that the gradu- Khurram Farhan, chair- Limited (KMBL) post- Liberty Mills Alumni's website and set- While introducing the ates will be encouraged to man of Katchi Abadies ed its financial results ting up its office on the objectives of the support their university committee Saad Bin for the year 2017 on 14 initiative of the Vice Association, Dr. Nasir through active participa- Jaffer, director general February 2018 in Chancellor Prof. Dr. Mahmood, Dean tion and contribution for works Shahab Anwer Islamabad, posting Shahid Siddiqui who Education said that the providing volunteer serv- appreciable growth in Ltd. join hands and other elected repre- wished that their graduates AIOU feels proud of hav- ices. - NNI sentatives and officers bottom line, accompa- THAR: Engro the country. The MoU upon its footprint at were also present on nied with a dividend of Corporation and its was signed by Nadir Thar and the experience this occasion. Rs 0.53/share. KMBL's existing power-sector Salar Qureshi - Chief gained from it, Engro pre-tax profit of PKR Over 500 people take Mayor Karachi said partner, Liberty Mills Strategy Officer, Engro Corp., Liberty Mills Ltd 2.49 billion increased the renovation and Ltd. signed an MoU Corporation - and and PBIT will jointly by 40% against last repairing works of this with Punjab Board of Jahanzaib Burana, Chief explore ways to imple- school are done with a year's profit of PKR 1.78 billion. The Investments and Trade Executive Officer, PBIT ment various water- part in Sehwan bomb cost of Rs20 million increase in profit (PBIT) in line with its at the PBIT headquar- related projects in and the completion of results from continued core values of giving ters. Lahore and Faisalabad. these works would pro- growth in balance sheet back to the country, Engro Corporation Engro Corporation has blast 1st anniversary vide better educational and improved non-fund Pakistan's largest con- has had tremendous always strived to uphold facilities to the people SEHWAN: Sindh is the income, says a Press glomerate, says a Press success in implement- its core values as a land of peace, love and of the area. release. release. ing an innovative responsible entity and Sufi saints as it is impor- He urged the students The Bank maintains The MoU was signed Public-Private constantly looks for tant to spread the message and school staff to the largest network of between the two firms Partnership (PPP) solu- innovative partnerships of religious tolerance and ensure cleanliness in 173 outlets and enjoys to jointly work towards tion to the water-crisis and solutions to mean- peaceful co-existence their school and area the largest market share providing solutions and at Thar with the help of ingful problems that here, says a Press release. and also take part in the in terms of loan portfo- develop water infra- the Government of reverberate and impact This was stated by tree plantation in the lio, deposits and asset structure projects across Sindh. Capitalizing our country positively. speakers who addressed a Korangi district which base in the micro- colourful gathering of would made this area finance sector. over 500 people who of the city more beauti- Compared to last year, assembled at Shrine of Lal spread the message of love participated in the kacheri portfolio quality indica- Shahbaz Qalandar the and peace for all. at the shrine on the issue ful and greener. He said other day from all over the They said that followers of love, peace, and reli- funds were also allo- tors also improved, country to mark the first and devotees who used to gious tolerance. cated for suburban with growth in loan anniversary of bomb blast visit the Shrine didn't Areeb Hassan sang areas of the city so book of 40% primarily at the Shrine in Sehwan. belong to any specific reli- songs on the occasion. these areas also gets led by the agriculture The ceremony was held gion or sect as they all stood Tehrik-e-Niswan development and resi- sector lending. The under the aegis of Tehrik- for harmony, peace, and tol- President Sheema dents have equal Bank deposits expand- e-Niswan. erance, in the society. Kermani performed municipal facilities. He ed appreciably by over Those who participated They said the assembly Dhammal on the occasion, said the teachers have a 100% as compared to in the gathering held a of such a large number which was actively partic- great role in nurturing last year and a strong Kutcheri (discussion) on from people showed well ipated by a large number the young talent and it built up was seen in the issues of love, peace that they would steadfastly of people. is impossible to get urban operations. fraternal sentiments, civi- resist any move to attack Local people and admin- KMBL is majority progress without get- lization, and cultural her- the rich and centuries-old istration welcomed the owned by a consortium ting education. itage of the land of Sindh. culture of shrines, saints, gathering of people from of investors including Mayor Karachi said People sang songs on the and their devotees in all over country at the one of Pakistan's Sindh. Shrine. same issues. we want to bring more largest commercial Speakers said on the A large number of peo- Those who spoke at the improvement in the banks (UBL), and Blue occasion that anniversary ple especially attended the Kacheri included Sheema city schools buildings of Sehwan bomb blast had gathering from Karachi. Kermani, Tahira Abdullah, Chip international and therefore all avail- investors with expertise become a driving force, Those who took part in the Advocate Dr Kalpana able resources are gathering participated in a Devi, Kaleem Durrani, in the Micro, Small & which made people from being utilized to make all over the country to march from Dhammal Peer Mudassir Shah, and Medium Enterprise assemble at the shrine to chowk, ate Langer, and Ammar Chandoo. them better. - NNI finance. 4 Tuesday, February 20, 2018

The Financial Daily International Editor-in-Chief: Azfar Ashary A living legacy Editor: Shakil H Jafri Executive Editor: Manzar Naqvi Zarrar Khuhro day. It is a legacy of vision given how do we honour such a legacy? in a renamed university the mindset Resident Editor (Islamabad): Munawar Naqvi form, of dedication and devotion. The usual approach, one that is that killed Mashal continues to Editor-at-Large: Muhammad Arif n 1666, the Great Fire of It is that same dedication and being advocated in this case as well, flourish? That would indeed be the Honorary Advisory Board London devastated that city devotion that we saw at the funeral is to change place names to honour greatest dishonour possible. Tariq Iqbal Khan, FCA Amir Abbas Ashary Ifor four days, destroying two of the late, great Asma Jahangir. It her. Given that her funeral prayers One would not like to see the same Haseeb Khan, FCA Nuzaira Azam (U.S.A) thirds of the metropolis in a mas- wasn't a state funeral, of course, but took place in Gaddafi Stadium, the happen with Asma Jahangir's name sive conflagration. There was that was fitting for a woman who first demand was to rename this so any honour cannot simply stop Asim Abbas Ashary, CPA Prof. Zakaria Sajid (KU) anger, fear and despair, and many was never the advocate for the state, landmark 'Asma Jahangir stadium'. there: There is a proposal to rename Dr. A. Hadi Shahid, FCA Hasan Raza Jaffary wondered if the city would ever rise who never desired such honours and Certainly there's no harm in this, or the law department of Punjab uni- S. Muneer Hussain Rizvi Ismat Sabir again from the literal ashes it had would have likely scoffed at them. in naming roads, schools and more versity after her, but that would only Head office been reduced to. Had the state honoured her it would after her. As years pass and memory be truly meaningful if the cases she 111-C, Jami Commercial Street 11, Phase VII, DHA Karachi But it did, and a great deal of the only have honoured itself. But that fades, perhaps some child will ask fought would be studied there - if a Telephone: 92-21-35311893-6 Fax: 92-21-35388428 URL: www.thefinancialdaily.com credit for this goes to Sir is of little import, because if she why this place bears her name and fellowship was created in her name Email Address: [email protected] Christopher Wren, who drew up the stood for anyone she stood for the we will relate the story of her life or a scholarship programme put in Lahore office plans for rebuilding London, essen- people - and it was the people who and struggle. Perhaps. place allowing deserving students 24- Peshawar Block, Fortress Stadium, Lahore tially transforming the city from a laid her to rest, who said their Or perhaps there are more mean- without means to follow in her foot- Telephone: 92-42-6675595 Fax: 92-42-6664349 warren of thatched huts and cobble- farewells, who buried a giant in a ingful ways to not just remember steps. Email Address: [email protected] stone series into the first draft of the small grave. her but to actually carry forth her Let there be free legal aid centres modern metropolis it is today. They came in all their shades and life's mission. There is, in my opin- that carry on her work, even if they Along with dozens of churches, colours, people who would never ion, an intrinsic problem with sim- do not bear her name. The hardest Terrorist financing Wren also rebuilt St Paul's otherwise stand in the same ranks: ply changing names, a cosmetic part of carrying on her legacy falls Cathedral where he himself was laid Muslim, Sikh, Christian and Hindu, measure at best, because it runs the to us, though, in our limited person- to rest. His tomb is a simple, rich and poor, from society elite to risk of the person's legacy instead al capacities. It falls to us to speak 'gray list' Spartan affair where Wren lies rest- the forgotten tenants of the Okara being subverted or even disgraced. truth to power where and when we For three years, Pakistan was on this grey list from 2012 to ing under a slab of black marble. farms. From those who knew her Take this for example: there have can, even knowing that we could 2015 for failing to enact an anti-money-laundering law. Under Above, a latin inscription reads: "si well to those who only knew of her; been calls to rename Abdul Wali never match her raw courage - one the guidance of the then finance minister Ishaq Dar, the coun- monumentum requiris, circum- these were all of those whose lives Khan University, where Mashal that bordered on madness. try was taken out of the grey list. On the eve of the FATF meet- spice". she had touched, transformed and Khan was brutally murdered by a She was the true giant of our ing in Paris, it is observed that action will be taken against There are meaningful ways of inspired. mob of his college mates, to honour times, towering over the moral pyg- these very groups. It is in Pakistan's own interest to ensure that honouring the dead. It's difficult to add to the countless the slain student. mies that infest us. And while we crackdowns and bans on specific organizations have the Translated this reads, 'if you seek heartfelt tributes that have poured in Let's say that happens and yet know that we can never stand so desired effect and that these groups are banned permanently his monument, look around you'. from all corners. It seems pointless to those who killed him, or cheered as tall, perhaps we can stand on her and do not have any opportunity to re- establish themselves Look around and see the cathedral relate personal stories about her he lay dying, continue to study shoulders. -Courtesy: Dawn under a different name. The actions being taken now include he build, the cathedral he designed. when so many, far more meaningful there? What if - as is likely - the uni- the seizing of the financial assets of the groups. Pakistan It is a legacy that does not require a tales have already been related so the versity administration that abetted The writer is a journalist. should ensure that these extend to all militant groups in the ticker tape parade or an annual holi- only question that I shall ask is this: this crime remains in place? What if Twitter: @zarrarkhuhro country. The current steps against these groups no doubt may well satisfy the international obligations that the government is seeking to fulfill. Pakistan has been engaged in making efforts with different CPEC is the harbinger of economic countries around the world to stop a move by the United States and its European allies to get Pakistan placed on a global ter- rorist-financing watchlist with the Financial Action Task Force (FATF).Minister of State for Finance Rana Afzal told the growth for Pakistan Senate that the move to put Pakistan on the terrorist-financing watchlist is a political game on the part of the US and UK. The CPEC is US$75bn from which tance of 16000km. By operational- generation facilities under CPEC is US collaborating together with Britain to place Pakistan on the US$45bn will be given to Pakistan izing the Gwadar port distance will major milestone in this project watchlist is a high risk intended to pile political pressure on Government to operationalize by be decreased to 5000km on success- when Chinese government decided Pakistan. The US along with the UK, France and Germany had 2020. The remaining massive invest- ful implementation of the giant plan to invest $33bn in energy sector. put forth a motion with the FATF to place Pakistan on the ment will be accomplished on infra- of which 21 agreements on energy- Between 2018-20 more then watchlist of countries. A meeting of FATF member states could structure and energy generation. coal, gas, solar energy and remain- 10,400Mw of energy will be gener- adopt the motion on Pakistan. Pakistan had already submitted There are two major parts of ing fourteen will provide 10,400 ated with a great pace and speed. an annual compliance report to FATF earlier in January. Aiman Afzal CPEC project to be accomplished megawatts of energy by 2018. As Undoubtedly, CPEC is the harbin- on priority basis. First is completion per reports revealed in China Daily, ger of economic development and Interior Minister Ahsan Iqbal has recently concluded visits to s per Pakistan Economic of Gwadar International Airport and above-mentioned projects will pro- peace and prosperity not only for the US and UK to convince their governments to withdraw the Survey 2014-15, $16 bn second is development of Gwadar vide more than 16,400 MW of ener- Pakistan and china but also for motion. He said the adviser to the prime minister on finance is trade has been concluded port. It is being estimated that if this gy. Infrastructurally, roads will be regions included in this project on a tour of European countries, the foreign secretary has vis- A between China and Pakistan. Trade project successfully implemented constructed to connect Karachi and development. The writer Ms. ited Italy and other government representatives have been to has increased by 10% from china then it will be counted as the biggest Lahore. Simultaneously, Karakorum AIMON AFZAL , she is student of Korea and Japan in connection with the same lobbying efforts. during these five years from 2009- Foreign Direct Investment on highway will also be renovated to Gradsy Institute. She says she is Pakistan has seized the assets of banned groups in compli- 2015. Resultantly, in Pakistan's econ- Pakistan since 1970 because it connect Rawalpindi and the China very much fortunate that Gradsy ance with FATF regulations, and expressed the fear that invest- omy the share of China's trade is would be equal to 17% GDP of border. There will also be upgrada- Institute, and Mr. ARIF Manager ment and funds meant for development projects would be expanding from 4% in 2009-10 to Pakistan in 2015. There is further tion of Karachi-Peshawar railway. HR & Training of Nelson Paints adversely affected if Pakistan is added to the 'grey list'. The 9% in 2014-15. Contemporarily, the estimation that this project will gen- Railways will also be constructed to and Mr. Fazian Head CSR of FATF maintains grey and black lists for countries that have biggest milestone achieved in this erate employment up to 700,000 connect Pakistan with China's Nelson Paints who have given me fallen short of establishing concrete measures to counter bilateral relationship is the within the time 2015-30. There are Southern Xinjiang region. Souvenir of Nelson Paints for writ- money laundering and terror financing. The implications of Memorandum of Understanding on enormous benefits of CPEC like: China can also get oil from ing this article. I am also thankful to Pakistan being placed on the watchlist have already begun to the construction of CPEC. CPEC will not only benefit Pakistan Middle East through China corri- Mr. Nabeel Gohar who have show signs, with the benchmark KSE-100 Index plunging 411 Essentially, the rout under CPEC is but also geographically connect dor. CPEC will work as a connector encouraged mes by his motivational points to close at 42,942 as a bearish spell continued to pre- 3,218km and will be complete in China to its markets in Europe, Asia of three continents Asia, Africa and speeches. vail at the Pakistan Stock Exchange. upcoming years. Under CPEC, not etc. currently, around 80% of oil is Europe. That's is why this project The prospect of Pakistan being placed back on a global ter- only roads will be constructed but being transported to China by utiliz- has been known as trans-Eurasian The writer is a student at rorist financing watchlist could endanger its handful of also railways, highways and ing Strait of Malacca. It takes Project. CPEC is being considered Gradsy Institute of Business remaining banking links to the outside world, causing real pipelines. The total expected cost of almost 2-3 months to cover a dis- as gateway for central Asia. Power and Technology. financial pain to the economy just as a general election looms. US and its European allies have co-sponsored a motion calling for the nuclear-armed nation to be placed on a "gray list" of Strains produced by globalisation countries deemed to be doing too little to comply with anti-ter- rorist financing and anti-money laundering regulations, with a Shahid Javed Burki ernment is the problem." This fervent system whose followers included the American system of corporate gover- decision expected when member states of the Financial Action advocacy of free trade and the effi- Germans, the Japanese and, indirect- nance. Task Force (FATF) meet in Paris. The move is U.S. strategy to lobalisation as an economic ciency of unregulated markets led to ly, the Chinese. Trump then went on to denounce pressure Pakistan to cut its alleged links to Islamist militants philosophy came into the development of 'The Washington While the benefits from the process Canada, Germany and South Africa waging chaos in Afghanistan. Gvogue following the fall of Consensus', so called because of the of globalisation became apparent, for exporting more to the United the Soviet Union in 1991 and reigned policy content in it was provided by especially after the establishment in States than they imported from his Inclusion on the FATF watchlist could inflict real damage, unchallenged until the near collapse economists working in the institu- 1995 of the World Trade country. bankers and government officials say. Pakistan's nearly $300 of Western capitalism in 2007. This tions located in the American capital. Organisation, it took time for those Not well-versed in economics, he billion economy, expanding at its fastest rate in a decade at way of thinking was built on what at This line of thinking was directly who were adversely affected by it to became obsessed with trade deficits. above 5 percent, could lose momentum if it ends up on the that time seemed the inspiring work responsible for the Great Recession rebel against its basic principles. Whichever world leader he met and FATF watchlist. Military successes against militants and mas- of two popular academics. The first, of 2007-09. Donald Trump in the United States whichever country he visited, he sive Chinese infrastructure investments have restored some Francis Fukuyama, an American The Great Recession occurred and various rightist movements in made abundantly clear that his aim hope to an economy. Officials are aiming for economic expan- sociologist, put out the notion of the while China was enjoying the benefit Europe took sharp positions against was to achieve a balance in trade sion to hit 6 percent this fiscal year (July-June).Mike Casey, a 'end of history' that he developed in a of an alternative economic philoso- those they disparaged as 'globalists'. between his nation and with other partner at law firm Kirkland & Ellis in London, said being put book that carried that title. With the phy and a differently managed polit- They took up the case of those who countries. If large trade surpluses back on the gray list would heighten Pakistan's risk profile and Soviet Union having disappeared as ical system. The Chinese believed in had seen serious reductions in their other countries had with the United some financial institutions would be wary of transacting with a political entity from the world map an activist state. There was a prece- economic wellbeing. Jobs were lost States could not be quickly eliminat- Pakistani banks and counterparties. A decline in foreign trans- accompanied by the collapse of dence to this in the state that provid- because a large number of Western ed, he wanted them to be put to use to European Communism, Fukuyama ed the 'mai-bap' functions in the enterprises that needed low-skilled benefit his country. For instance, actions and a drop in foreign currency inflows could further came to the conclusion that bloody colonial system run by the British in and low-wage labour moved to the while suggesting a new approach to widen Pakistan's large current account deficit. Banks have ideological strife of the 20th century India. According to this interpreta- countries where such workers were solve the long-running American-led been retreating from high-risk countries in recent years amid had come to an end. The West's liber- tion, the state's role was not only to available in abundance. war in Afghanistan, he proposed that intense pressure from global regulators to guard against money al democracy had won and would be supply all manner of basic services to Donald Trump, the new and unpre- New Delhi should use its large sur- laundering and terrorist financing. In September, Pakistan's adopted in time by the entire world the citizenry, it was also to protect dictable political leader of the United plus with the United States to aid biggest lender, Habib Bank, was fined $225 million and effec- as the most viable and durable sys- domestic enterprises from excessive States, took a dim view of the impact Kabul. tively forced to shut its U.S. operations by the New York reg- tem of governance. History, if it is to foreign competition. Those who of globalisation on large segments of Trump opposed all multilateral ulator due to compliance failures over money laundering and be seen as a conflict between ideas, believed in free trade came up with his country's population. This was a trade agreements; those that had terrorist financing. Local businessmen say the country's com- had indeed ended. what came to be called the 'infant much narrower interpretation of already been negotiated and those panies are accustomed to operating in tough conditions. It's A similarly powerful case was industry argument', according to globalisation; Trump turned 'global- that were in the works. He declared already tough to raise money in Pakistan and anything to do made by the Chicago economist which it was right to protect those ists' into a term of abuse. his unhappiness with the terms presi- with a 'terror financing' watchlist will just scare people. "There Milton Friedman in favour of free enterprises that were in the early Denouncing and rejecting the "false dent Bill Clinton had accepted in markets, unconstrained by govern- stage of development. The infant song of globalism" during the long negotiating the North America Free will be more scrutiny and some foreign funds will back ments. In his book Free to Choose, industry approach came to be embed- campaign for the US presidency, Trade Area involving Canada, away."A Pakistani finance ministry source said the govern- published in 1980, a dozen years ded in the international trading sys- Trump, the new American leader, Mexico and the United States. Trump ment also fears a downgrade by the credit ratings agencies, before the collapse of the Soviet tem that evolved in the post-Second moved quickly. On his first third full had been persuaded by his trade making it harder or more expensive for Pakistan to raise debt Union, the doyen of conservative World War era. day in office, he cancelled the Trans- advisers that large trade deficits were on the international markets. economic thinking, argued that "the The philosophical father of eco- Pacific Partnership, a regional trade bad for his country's economy. In the world runs on individuals pursuing nomic protectionism was Alexander deal with Japan and 10 other Pacific- article in this space next week, I will their separate interests." Ronald Hamilton whose contribution to the Rim countries. This was an discuss how China has now become Disclaimer: Reagan was a Friedman disciple and development of the state in the American-inspired initiative and as the leading exponent of globalisa- All reports and recommendations have been prepared for your information only. Summary and Analysis are not recommendation to buy or sell. This information should the contribution he made to the col- United States was lauded by the pop- seen by Barack Obama, Trump's tion. -Courtesy: The Express Tribune only be used by investors who are aware of the risk inherent in securities trading. The lapse of the Soviet Union gave him ular Broadway musical Hamilton predecessor, it would have brought facts, information, data, indicators and charts presented have been obtained from sources an authoritative voice in policy cir- recently staged in New York's tremendous benefits to the American The writer is a former caretaker 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 cles. The president put it famously, Broadway theatre district. He was economy. Trade among these 12 finance minister and served as from use of these reports and recommendations. "government is not the solution; gov- the founder of the American financial nations would have followed the vice-president at the World Bank. Tuesday, February 20, 2018 INTERNATIONAL 5 KFC closes Maldives President seeks most of its UK UN chief urges stores due to chicken approval to extend state of shortage global rules for

LONDON: Fast-food emergency by 30 days chain KFC said on cyber warfare MALE: Maldives ed that this would not be the government. emergency becomes void Monday it had been President Abdulla Yameen possible without a quorum Ruling and opposition everything done under that forced to close hundreds LISBON: U.N. worse is that there is no keep the internet as "an on Monday sought parlia- of at least 43 MPs in the party leaders clashed over state of emergency also of its British stores Secretary General regulatory scheme for instrument in the service mentary approval to 85-member parliament. whether parliament's will be void and invalid." because of a shortage of Antonio Guterres called that type of warfare, it is of good". extend a state of emer- No opposition MPs approval was required Though Yameen has chicken. on Monday for global not clear how the Geneva Addressing professors gency for 30 days in the showed up for Monday's under the constitution. ignored the court rulings, The problem arose at rules to minimize the Convention or interna- and engineers after Indian Ocean archipelago session, leaving only 39 "If the opposition wants he has stopped short of the weekend after the impact of electronic war- tional humanitarian law receiving the university's as "the situation has not present from the ruling to annul this declaration, saying he will not obey chain switched its deliv- fare on civilians as mas- applies to it," Guterres honorary degree, changed", a top parliamen- party. they have to go to the par- them. He has fired two ery contract to DHL, sive cyber attacks look said in a speech to his Guterres urged them to tary official said. In its ruling late last liament and ask for a police chiefs who said forcing the majority of likely to become the first alma mater, the contribute to the process, Yameen imposed the month, the high court also vote," ruling party group they would uphold the its 900 outlets in Britain salvoes in future wars. University of Lisbon. which had to run much emergency on Feb. 5 for ordered the reinstatement, leader in parliament court verdict, however, to shut. Computer hackers, "I am absolutely con- faster than before. 15 days to annul a on constitutional grounds, Ahmed Nihan said. and continues to jail oppo- "We've brought a new many of them believed to vinced that, differently Traditional ways of Supreme Court ruling that of 12 lawmakers stripped "The...emergency does not sition members. delivery partner be state-sponsored from the great battles of working out such rules quashed convictions of their parliamentary become void because par- China, India, the United onboard, but they've had against nine opposition seats by Yameen's party liament does not approve States and Britain issued groups, last year disrupt- the past, which opened could take decades - too a couple of teething ed multinational firms, with a barrage of artillery slow for the rapidly leaders and ordered his for defecting last year. it." travel warnings after problems - getting fresh government to free those Without the 12 MPs, the Ibrahim Mohamed Yameen imposed the ports and public services or aerial bombardment, changing technology chicken out to 900 held in prison. The state of government retains a Solih, opposition parlia- emergency and arrested on an unprecedented the next war will begin scene. emergency was to end on majority in parliament. mentary group leader told judges. The United restaurants across the scale around the world, with a massive cyber A group of NATO Tuesday. Under the emergency, Reuters the constitution Nations has urged Male country is pretty com- raising awareness of the attack to destroy military allies said last year they Deputy Parliamentary Yameen's administration "clearly states" parlia- to lift the emergency. plex," KFC said on its issue. capacity... and paralyse were drawing up cyber Secretary General has arrested the chief jus- ment's indispensable role The tiny Indian Ocean website. Last week, U.S. basic infrastructure such warfare principles to Fathmath Niusha told the tice, another Supreme in extending an emer- island chain is best "We won't compromise Special Counsel Robert as the electric networks." guide their militaries on legislature Yameen wanted Court judge and former gency. known for its luxury on quality, so no deliver- Mueller indicted 13 He offered the United what justifies deploying its vote to prolong the president Maumoon Abdul "If this is not approved hotels, scuba-diving ies has meant some of Russians and three Nations as a platform cyber attack weapons emergency. Gayoom on allegations of (by parliament), it is going resorts and limpid tropi- our restaurants are Russian companies on where various players more broadly, aiming for The opposition respond- attempting to overthrow to be invalid. Once the cal seas. closed, and others are charges of conducting a from scientists to gov- agreement by early operating a limited criminal and espionage ernments could meet and 2019. menu, or shortened conspiracy using social work out such rules "to Some NATO allies hours." media to interfere in the guarantee a more believe shutting down an Merkel proposes taps ally DHL blamed the deliv- 2016 U.S. election. humane character" of enemy power plant ery delays on "opera- "Episodes of cyber any conflict involving through a cyber attack tional issues". warfare between states information technology could be more effective "We are working with already exist. What is and, more broadly, to than air strikes. for crucial party job KFC and our partners to rectify the situation as a BERLIN: German Insa researcher Hermann our hands full managing CDU, something she has priority and apologise Chancellor Angela Merkel Binkert said Merkel's the business of the day." had only limited ability to for any inconvenience Trump says FBI missed put forward close ally Union of Christian-conser- Though Merkel has said do as premier of Saarland, this may have caused," a Annegret Kramp- vative parties was she is available as chancel- a state of just 1 million spokeswoman said. Karrenbauer on Monday to Germany's last remaining lor for four years, the suc- people that borders France. take over as secretary gen- "Volkspartei" or big popu- cession debate has been Merkel will remain CDU signs on Florida shooting eral of her Christian lar party. supercharged by the inclu- chairwoman. Euro zone Democrats (CDU), heed- "The promise to renew sion of a clause in a coali- She said she had decided ing calls from within the the party seems to work," tion deal with the SPD that to step down as Saarland ministers due to Russia probe, party to inject new blood he added. envisages a review of the premier and take up her and groom a successor. Merkel, who was CDU next government's new job in "one of the choose The decision to entrust secretary general before progress after two years to most difficult political Spaniard as draws criticism Kramp-Karrenbauer, also becoming chancellor, said assess whether any phases in the history of the known by her acronym Kramp-Karrenbauer, pre- changes to its mission are German federal republic so ECB Vice WASHINGTON: high school. "never said Russia did AKK, with bolstering the mier of the western state of needed. far." President Donald Trump Student survivors of not meddle in the elec- CDU after it lost ground in Saarland, would bring "a Kramp-Karrenbauer is Nearly five months after President attacked the FBI and the massacre slammed tion." an election last year, is sig- lot of weight" to the role in expected to be voted into the national election, lawmakers probing sus- Trump for connecting it Trump has on several nificant as some party what she called "difficult her new role at a Feb. 26 Germany is still without a BRUSSELS: Euro zone pected Russian med- to the Russia probe, occasions, however, members are starting to times, uncertain times". party congress. Her pro- federal government as the ministers on Monday dling in the 2016 U.S which has shadowed his questioned whether look ahead to a post- The chancellor has been motion is a setback to Jens SPD consults its members chose Spanish Economy presidential election, year-old presidency. Russia was behind Merkel era. under pressure from within Spahn, a 37-year-old arch- before embarking on a re- drawing sharp criticism "Oh my god. 17 OF efforts to interfere in the In another sign of the the CDU to bring fresh conservative long seen as a run of their 'grand coali- Minister Luis de Guindos to succeed European for saying an excessive MY CLASSMATES AND 2016 election. increased pressure the faces into senior positions rising star in the CDU with tion' with Merkel's conser- focus on Russia led FRIENDS ARE GONE U.S. spy agencies con- established parties are fac- and to begin planning for an eye on the succession. vative bloc. Central Bank Vice ing, the far-right her own succession. By Outgoing secretary gen- The election saw the President Vitor investigators to miss AND YOU HAVE THE cluded more than a year Alternative for Germany promoting Kramp- eral Peter Tauber is giving AfD win seats in parlia- Constancio at the end of signs that could have AUDACITY TO MAKE ago that Russia used (AfD) surpassed the cen- Karrenbauer she achieves up the role after a period of ment for the first time - a May, they said in a state- prevented a deadly THIS ABOUT RUS- hacking and propaganda ter-left Social Democrats both, and moves an ally illness. political earthquake that ment. school shooting in SIA???!!" Morgan to try to tilt the election (SPD) for the first time in a into a key role. "MINI MERKEL" followed Merkel's 2015 "The Eurogroup today Florida. Williams, 16, tweeted. in favor of Trump. national poll to become the "We have known each Sometimes dubbed decision to leave open gave its support to the In a series of tweets "HAVE A DAMN Russian President second-strongest party, an other a long time and can "mini Merkel" by German German borders to more candidacy of Luis de over the weekend from HEART." Vladimir Putin has Insa survey for the daily rely on each other, even if media, Kramp- than 1 million migrants. Guindos for the position his Mar-a-Lago estate in Several lawmakers, repeatedly denied that. Bild showed. we have our own views," Karrenbauer is highly Kramp-Karrenbauer of Vice President of the Florida, Trump said con- including a fellow After Mueller's indict- Merkel's conservative Merkel, 63, told a news regarded in her party for commands respect in the European Central Bank," gressional investigations Republican, also reject- ment was made public bloc gained 2.5 percentage conference with Kramp- winning an election in her party for her serious, fac- the ministers said. and political "hatred" ed Trump's linking of on Friday, Trump said it points to reach 32 percent Karrenbauer, 55. region last year that tual approach to policy- The nomination will be showed Russia had suc- the FBI's missteps in backed up his assertion and the AfD was up 1 per- Asked if she saw Kramp- buoyed the CDU's national making. She impressed formally adopted at a centage point to 16 percent Karrenbauer as a possible standing ahead of the Sept. Merkel last month when, ceeded in sowing "dis- preventing the shooting that there was no collu- meeting of EU heads of while the SPD fell 1 per- successor, Merkel replied: 24 federal vote. after a car crash, she con- cord, disruption and to the Russia probe. sion between his cam- centage point to 15.5 per- "It is your privilege that By taking on the secre- tinued work on coalition state at the end of March chaos" in the United "So many folks in the paign and Russia. cent, the weekly poll you are always three laps tary general role, she will negotiations from her hos- and de Guindos will take States. FBI are doing all that The indictment did not showed on Monday. ahead of others ... We have build up her network in the pital bed. up his new post on June 1. He accused his they can to keep us safe. address whether anyone Democratic predecessor, The reality of it is, is from the Trump cam- Barack Obama, of fail- that they are two sepa- paign coordinated or ing to do enough to stop rate issues," Republican worked with Russians. Equipment shortages impair Russian election inter- Senator Tim Scott said Mueller's broader probe ference. on CBS' "Face the is ongoing. "They are laughing Nation" program. "It wasn't designed to their asses off in Former Deputy be able to clear every- German military ahead of key Moscow," Trump tweet- Attorney General Sally thing on the investiga- ed on Sunday morning. Yates tweeted: "Our tion," Republican In a tweet on Saturday president uses the Senator James Lankford night, Trump criticized tragedy to attack the said on NBC's "Meet the the Federal Bureau of investigation of a for- Press." NATO mission Investigation for miss- eign adversary's interfer- "It was designed to say BERLIN: Germany is a NATO diplomat, who NATO obligations? Yes. comment from the ments. "We have to ensure ing warning signs in the ence in our democracy. it was very clear these coming under mounting asked to be further identi- But that doesn't mean that Defence Ministry. that equipment gets to case of Nikolas Cruz, Shameful." 13 individuals in this set pressure to tackle equip- fied, told Reuters. we can be satisfied with TANKS, BODY troops faster," he said. 19, who is charged with Yates, who had been a of companies were try- ment shortages in its mili- Defence ministry the overall readiness of ARMOUR ALL Shortfalls also afflict the killing 17 people on holdover from the ing to interfere in our tary that fellow NATO spokesman Jens Flosdorff the Bundeswehr." MISSING German navy and air Wednesday at Marjory Obama administration, election," said Lankford, nations fear is eroding said on Monday equip- Defence Minister Ursyla Critics questioned force. Stoneman Douglas High was fired early in the who sits on the Senate German readiness as it ment still needed for von der Leyen pledged to Germany's ability to head At the moment, military School in Parkland, a Trump presidency for Intelligence Committee. prepares to take the com- VJTF would arrive by address the gaps when she the VJTF next year after officials say none of Fort Lauderdale suburb. refusing to defend travel Trump, in a Sunday mand of a NATO rapid mid-year and the German took office over four years an internal ministry report Germany's six submarines The FBI acknowl- restrictions on several morning tweet, belittled response force. military could carry out ago and military budgets leaked last week revealed can be deployed, only five edged on Friday that it Muslim-majority coun- Representative Adam Member states take all its duties when it are now rising again, serious deficits in the of 16 A400M military air- failed to investigate a tries. Schiff, the senior turns heading NATO's assumes rotational control albeit slowly, but media equipment of the German lifters are ready for use, warning that Cruz pos- The FBI did not imme- Democrat on the House Very High Readiness Joint of the force at the start of reports of further short- brigade that will lead the and it will cost 500 mil- Task Force (VJTF) in 2019. ages continue to surface task force, mainly due to a lion euros ($618 million) sessed a gun and the diately respond to a Intelligence Committee eastern Europe, which has NATO's VJTF includes regularly. lack of spare parts. to ready hundreds of new desire to kill. request for comment on that is investigating grown in importance amid 5,000 to 7,000 soldiers "The Bundeswehr's The conservative daily Puma tanks for combat. "Very sad that the FBI Trump's tweet. Russia's actions, label- concerns that Russian mil- that can be deployed with- problems aren't new, but it Die Welt reported that the The already troubling missed all of the many INDICTMENTS ing him a leaking "mon- itary activities, including in days in the event of a is shocking that nearly brigade had only nine of readiness rates of other signals sent out by the On Friday, Special ster." support for separatists in crisis. nothing has improved 44 Leopard 2 tanks, and weapons - including the Florida school shooter. Counsel Robert Mueller Schiff, speaking on eastern Ukraine, have sur- But Flosdorff said the after four years of Ursula three of the 14 Marder Eurofighter, Tornado and This is not acceptable," charged 13 Russians and CNN's "State of the passed levels seen during ministry was concerned von der Leyen serving as armored personnel carri- CH-53G heavy transport Trump wrote. "They are three Russian companies Union" program, said the height of the Cold about shortages of tanks defence minister," said ers that it needs. It is also helicopters - have also spending too much time with conspiracy to tamp- details of the indictment War. and other military equip- Tobias Lindner, a defense missing night vision gog- stagnated or worsened trying to prove Russian er in the 2016 U.S. elec- provided "overwhelm- German lawmakers and ment, such as body armor. and budget expert for the gles, support vehicles, over the past year, accord- collusion with the tion. ing and unequivocal" NATO allies have grown The ministry aimed to opposition Greens. winter clothing and body ing to multiple sources Trump campaign - there Mueller's indictment evidence of the threat frustrated about the slow reverse this trend, caused He said the Greens had armor, according to familiar with the issue. is no collusion," he said the Russians adopt- from Russian interfer- pace of progress on the by a years-long decline in asked von der Leyen to German media reports. Defence Minister Frank military preparedness of defense spending, by give lawmakers an Henning Otte, defense Bakke Jensen of Norway added. ed false online personas ence and countered Europe's most populous 2030, but this would take overview of readiness at a spokesman for Chancellor said his country was The Republican presi- to push divisive mes- Trump's assertions that country and economic time, he told a regular committee meeting on Angela Merkel's conser- tracking the situation in dent offered no evidence sages and staged politi- the Russia investigation powerhouse, with some government news confer- Wednesday, instead of vative bloc in parliament, Germany closely, given of any link between the cal rallies while posing was a "hoax." key weapons systems only ence. them learning about spe- said the new governing ongoing disquiet about investigation of Russian as Americans. "This is a president available 40 percent of the "Will the Bundeswehr cific problems from the coalition deal with the Russian military behavior meddling and the FBI's In one of 13 tweets who claims vindication time. (German armed forces) be media on a near daily Social Democrats includ- but he had been assured failure to prevent the Trump sent after anytime someone "German readiness lev- able to carry out its mis- basis. ed specific measures to that the submarines would Florida shooting, the Mueller's indictment, sneezes," Schiff said. - els are a serious concern," sions in line with its There was no immediate improve military procure- be working again soon. deadliest-ever at a U.S. the president said he Reuters 6 MARKET SUMMARY Tuesday, February 20, 2018

Market Symbols KSE 100 Index All Share Index KSE 30 Index KMI 30 Index All Share Islamic Index MTS LEVERAGE POSITION Volume: 126,714,720 Advanced 140 Current 43572.67 Current 31303.18 Current 21849.79 Current 72749.38 Current 21322.96 Symbol Total Volume Total Value MTS Rate AICL - - - Declined 205 High 43945.62 High 31611.82 High 22045.40 High 73396.60 High 21472.57 Value : 5,124,821,620 AKBL 2,559,500 44,705,975 8.00 Unchanged 25 Low 43512.09 Low 31268.31 Low 21811.66 Low 72634.19 Low 21293.03 ASL 3,575,500 63,834,644 9.00 Trades: 55,229 ATRL 787,700 169,973,917 8.00 Total 370 Change 54.43 Change 153.75 Change 0.79 Change 4.00 Change 42.22 BAFL 433,500 17,235,786 8.00 BAHL 27,500 1,589,733 - BOP 53,180,500 421,515,064 8.00 OIL AND GAS AUTOMOBILE AND PARTS FIXED LINE TELECOMMUNICATION BYCO 105,000 1,350,367 10.00 CHCC 49,500 5,252,599 - Paid up Paid up Paid up DGKC 1,632,100 195,688,309 8.00 Company Cap(mn) PE Open High Low Close Chg Volume Company Cap(mn) PE Open High Low Close Chg Volume Company Cap(mn) PE Open High Low Close Chg Volume DOL 807,000 12,047,328 8.00 EFERT 2,839,500 165,371,817 8.00 EFOODS 462,300 33,256,844 8.00 Attock Petroleum XD 829 10.11 560.00 565.00 552.00 557.61 -2.39 800 Agriautos Ind 144 34.28 315.00 315.00 315.00 315.00 0.00 300 Pakistan Telecomm Co A 37740 - 12.76 12.70 12.49 12.51 -0.25 380000 ENGRO 605,500 152,611,921 8.00 Attock Refinery 853 6.41 256.07 263.40 257.01 261.80 5.73 671800 Atlas Battery 174 13.30 465.92 489.21 465.00 489.21 23.29 2350 EPCL 1,185,000 28,161,359 8.00 Telecard 3000 33.50 2.06 2.07 2.00 2.01 -0.05 104500 Burshane LPG 225 22.29 54.23 53.88 53.06 53.27 -0.96 14000 Atlas Honda 1034 - 550.00 550.00 550.00 550.00 0.00 600 FCCL 7,082,500 161,887,039 8.00 BYCO Petroleum 53299 - 15.30 15.60 15.15 15.19 -0.11 1074000 Baluchistan Wheels Limited 133 34.06 116.16 121.85 121.85 116.16 0.00 600 WorldCall Tele 10227 - 2.44 2.50 2.35 2.36 -0.08 3612500 FFBL 1,107,500 34,384,833 8.00 Mari Gas Company 1103 54.02 1560.06 1580.00 1549.99 1560.70 0.64 10220 FFC 506,000 37,145,186 8.00 Dewan Motors 1387 - 42.66 44.79 43.80 44.15 1.49 4919500 National Refinery 800 12.19 438.39 447.00 436.51 439.72 1.33 23350 GATM 2,096,000 70,773,139 8.00 Exide (PAK) 78 5.34 419.99 434.99 399.00 399.68 -20.31 11200 Oil & Gas Development 43009 6.49 167.55 169.30 166.25 167.22 -0.33 781600 ELECTRICITY HBL 300,600 49,702,492 10.00 General Tyre 598 41.10 210.52 211.00 205.00 205.91 -4.61 18600 HMB 65,000 2,101,568 - P.S.O 3260 6.06 302.00 309.00 306.10 307.29 5.29 573100 Paid up Pak Oilfields 2365 10.32 561.71 569.26 561.00 562.66 0.95 222800 Ghandhara Nissan 450 - 193.51 198.25 193.00 193.66 0.15 69800 HUBC 1,115,600 92,544,972 8.00 INIL 155,900 38,483,633 9.00 Pak Petroleum 19717 7.45 201.78 204.00 199.00 199.89 -1.89 266700 Ghani Automobile Ind 500 - 7.64 7.80 7.42 7.48 -0.16 187500 Company Cap(mn) PE Open High Low Close Chg Volume Honda Atlas Cars 14285627.56 507.51 508.70 505.99 506.48 -1.03 98500 ISL 4,125,600 412,589,596 8.00 Pak Refinery Limited 2940 1.10 38.57 39.39 38.31 38.47 -0.10 201500 KEL 32,094,500 173,942,624 8.00 Indus Motors 786 69.17 1726.84 1727.00 1721.00 1721.00 -5.84 4620 Shell Pakistan 1070 - 338.21 346.89 339.00 344.74 6.53 44500 Altern Energy 3634 - 43.00 43.00 41.00 41.33 -1.67 8000 KOHC 100,600 12,510,310 8.00 Pak Suzuki 823 27.65 490.73 498.99 486.01 486.61 -4.12 5600 Hub Power 11572 11.91 98.56 99.96 98.00 99.29 0.73 714000 LOADS 154,500 5,705,363 8.00 CHEMICALS Sazgar Engineering 216 68.89 175.06 177.50 172.45 173.61 -1.45 32900 K-Electric Ltd. 96653 26.46 6.43 6.45 6.33 6.35 -0.08 1534500 LOTCHEM 5,098,500 38,306,385 8.00 Kohinoor Energy 1695 8.70 41.90 42.00 41.50 42.00 0.10 18000 LUCK 5,800 2,846,040 8.00 Paid up FOOD PRODUCERS Kohinoor Power 126 - 3.70 3.70 3.53 3.60 -0.10 2000 MCB 198,400 37,003,393 10.00 Company Cap(mn) PE Open High Low Close Chg Volume Kot Addu Power 8803 6.74 57.02 58.50 57.76 58.18 1.16 214000 MLCF 959,300 60,459,735 8.00 Paid up Nishat Chunian Power Ltd 3673 4.35 32.90 32.65 31.55 31.82 -1.08 269500 MUGHAL 70,000 4,300,685 8.00 Nishat Power Ltd 3541 4.23 33.06 33.25 32.70 32.79 -0.27 68500 NBP 1,726,000 72,303,948 8.00 Agritech Limited 3924 - 6.21 6.60 6.20 6.23 0.02 633000 Company Cap(mn) PE Open High Low Close Chg Volume Pakgen Power Ltd 3721 3.92 22.13 21.65 21.35 21.40 -0.73 57500 NCL 3,270,000 143,869,071 8.00 Biafo Ind 220 18.14 261.32 263.00 256.15 256.18 -5.14 5200 Tri-star Power XD 150 82.03 5.20 5.45 5.25 5.25 0.05 7500 NML 1,039,200 143,883,470 8.00 Archroma Pak 341 15.96 556.00 555.00 548.05 550.00 -6.00 700 Adam Sugar 173 5.40 34.00 35.30 33.60 34.35 0.35 15500 Engro Powergen 3238 - 34.74 35.00 34.24 34.54 -0.20 67000 NRL 18,850 7,056,481 8.00 Dawood Hercules 4813 362.00 125.73 129.50 126.10 126.70 0.97 4000 AL-Abbas Sugar 174 44.87 187.99 197.35 178.61 184.88 -3.11 1400 Lalpir Power XD 3798 - 21.88 22.11 21.55 21.55 -0.33 11000 OGDC 2,099,700 295,253,849 8.00 Descon Oxychem Limited 1020 - 16.00 16.00 15.12 15.17 -0.83 1151000 AL-Noor Sugar 205 - 46.99 47.40 45.00 47.20 0.21 5000 Saif Power Ltd. XD 3865 - 28.45 28.60 28.30 28.50 0.05 20000 PAEL 3,946,000 184,831,584 8.00 Dewan Salman 3663 - 0.85 0.99 0.70 0.88 0.03 6648000 PIBTL 135,000 2,049,571 9.00 Arshad Energy L 80 - 9.46 10.46 10.38 10.40 0.94 2000 Dynea Pak 94 16.71 154.26 155.50 146.55 146.55 -7.71 29000 Chashma Sugar XD 287 6.02 39.90 41.89 40.85 41.89 1.99 25000 PIOC 92,500 5,520,492 - Engro Corporation Ltd 5238 30.43 298.35 301.00 296.50 297.60 -0.75 200600 Clover Pakistan 94 - 77.26 81.12 81.12 81.12 3.86 13000 POL 11,800 5,638,888 8.00 Engro Polymer 6635 28.25 28.64 29.22 28.00 28.25 -0.39 2421000 Data Agro 40 - 15.90 15.80 15.80 15.80 -0.10 10000 GAS WATER AND MULTIUTILITIES POWER 11,594,000 94,945,541 8.00 Fatima Fertilizer 21000 9.50 30.65 31.00 30.31 30.40 -0.25 69500 PPL 97,100 16,338,115 8.00 Dewan Sugar 665 - 6.69 6.75 6.51 6.71 0.02 51000 Fauji Fertilizer 12722 5.97 86.77 87.00 86.20 86.46 -0.31 318500 Paid up PRL 1,000 32,309 10.00 Engro Foods Ltd. 7666 25.30 85.90 87.50 85.80 86.02 0.12 212500 PSO 459,500 117,024,362 8.00 Fauji Fertilizer Bin Qasim 9341 6.94 36.54 37.00 36.33 36.38 -0.16 132500 Company Cap(mn) PE Open High Low Close Chg Volume Gatron Ind 384 22.84 124.01 130.21 130.21 130.21 6.20 1200 Faran Sugar 250 9.57 80.54 84.00 81.00 82.34 1.80 45000 PTC 2,000 20,317 - PTC 637,500 6,929,073 8.00 Ghani Gases Ltd 1323 7.83 19.26 19.89 19.10 19.19 -0.07 1061000 Habib Sugar 750 23.96 34.00 34.50 34.50 34.50 0.50 25000 ICI Pakistan XD 924 80.26 783.00 780.00 771.26 776.11 -6.89 1100 SEARL 105,500 31,809,256 8.00 Habib-ADM Ltd XD 200 7.06 23.32 24.48 23.55 24.00 0.68 147500 Sui North Gas 6342 49.06 116.61 118.10 115.00 115.28 -1.33 426700 Ittehad Chemical 770 3.47 28.15 28.55 28.10 28.12 -0.03 245500 SNGP 1,350,200 134,045,651 8.00 Sui South Gas 8809 13.98 35.07 35.40 34.60 34.67 -0.40 1304000 SSGC 4,571,000 136,760,713 8.00 Linde Pakistan Ltd. 250 20.98 220.42 231.44 220.00 231.44 11.02 19800 Haseeb Waqas 324 - 5.93 6.22 5.83 5.89 -0.04 33000 Hascol PetrolXD 1448 112.24 278.44 285.00 277.01 278.36 -0.08 82800 STCL 1,968,000 25,896,017 9.00 Lotte Chemical 15142 15.12 8.62 8.83 8.52 8.62 0.00 5148500 J D W Sugar 598 160.19 328.76 336.00 330.00 330.00 1.24 700 HI-Tech Lubri. 1160 37.17 91.67 93.51 91.62 92.17 0.50 87000 STPL 493,000 11,346,173 9.00 Nimir Ind Chemical 553 117.76 57.36 57.95 56.50 57.70 0.34 10000 Mehran Sugar XD 320 6.69 123.60 122.25 122.00 122.00 -1.60 5200 TREET 74,000 2,522,979 11.00 Pak PVC SPOT 150 - 5.66 6.00 5.99 6.00 0.34 2000 Mirpurkhas Sugar 123 15.92 143.90 143.90 143.90 143.90 0.00 2500 TRG 19,444,000 574,609,884 9.00 Sitara Chem Ind 214 7.41 352.00 355.00 347.01 348.79 -3.21 2400 BANKS UBL 699,100 113,394,090 8.00 Sitara Peroxide 551 - 17.14 17.60 16.70 16.81 -0.33 137000 Mirza Sugar 141 - 5.50 5.50 5.45 5.50 0.00 2000 WTL 455,500 976,254 - United Distributors 267 2.72 59.17 62.12 59.95 62.12 2.95 16000 Noon Sugar XD 165 7.22 69.90 71.65 66.41 66.41 -3.49 7000 Paid up TOTAL 177,776,850 4,674,340,744 8.22 Wah-Noble 90 21.22 262.00 255.00 248.90 248.90 -13.10 10800 Punjab Oil 54 37.21 234.00 245.60 245.50 245.60 11.60 600 Company Cap(mn) PE Open High Low Close Chg Volume Engro Fert. 13353 119.75 68.73 69.12 68.15 68.26 -0.47 1738000 Quice Food 985 - 6.05 6.19 5.91 5.93 -0.12 211500 UPTO 100 VOLUME S S Oil 57 2.69 42.99 45.13 43.75 45.13 2.14 21000 Allied Bank Limited 11451 7.27 95.99 96.00 96.00 96.00 0.01 16000 FORESTRY AND PAPER Sakrand Sugar 446 - 21.74 22.82 22.00 22.82 1.08 249000 Askari Bank 12603 5.46 21.63 22.05 21.60 21.84 0.21 732500 Symbols Open High Low Close Change Vol Bank Alfalah 16076 10.28 49.21 49.50 47.99 48.64 -0.57 503000 Paid up Shahmurad Sugar XD 211 27.57 55.75 58.45 57.99 58.45 2.70 8500 BTL 306.32 291.01 291.01 291.01 -15.31 100 Bank AL-Habib 11114 10.62 69.86 70.99 68.55 70.75 0.89 630000 NESTLE 11475 11500 11500 11500 25 100 Company Cap(mn) PE Open High Low Close Chg Volume Shahtaj Sugar XD 120 11.71 142.00 148.97 134.90 134.91 -7.09 600 Bank Of Khyber 10004 8.12 13.71 14.48 13.55 14.46 0.75 24500 SHFA 290.73 299.95 299.95 299.95 9.22 100 Thal Industries 150 49.87 384.08 389.98 364.88 375.00 -9.08 600 Bank Of Punjab 26437 3.12 9.61 9.75 9.51 9.53 -0.08 1559500 PAKT 2038.9 1937 1936.96 1936.96 -101.94 80 SIEM 945 967 967 967 22 50 Century Paper 1470 13.89 63.00 63.40 62.55 62.79 -0.21 18000 Al-Shaheer Corp 1421 - 25.76 26.10 25.10 25.31 -0.45 107000 BankIslami Pak 10079 18.61 10.49 10.50 10.05 10.05 -0.44 3000 Security Paper 593 12.58 120.50 121.00 119.01 119.75 -0.75 6100 BATA 2450 2461 2461 2461 11 20 Imperial Sugar Ltd. 990 - 29.00 28.40 28.00 28.00 -1.00 6000 Faysal Bank 13197 7.19 25.41 25.50 25.05 25.22 -0.19 433500 RMPL 7200 7000 7000 7000 -200 20 Habib Bank Ltd 14669 8.78 211.70 216.00 211.01 212.29 0.59 920100 UPFL 8500 8500 8500 8500 0 20 INDUSTRIAL METALS AND MINING Habib Metropolitan Bank 10478 5.69 40.93 42.10 41.50 41.54 0.61 895500 HOUSEHOLD GOODS JS Bank Ltd 10725 4.77 8.61 8.30 8.30 8.30 -0.31 4000 Paid up BOARD MEETINGS Paid up MCB Bank Ltd 11851 9.69 222.95 225.00 221.01 222.33 -0.62 185300 Company Cap(mn) PE Open High Low Close Chg Volume Company Cap(mn) PE Open High Low Close Chg Volume National Bank 21275 5.49 49.81 50.90 49.50 49.60 -0.21 1230000 Company Date Time Samba Bank 10082 15.48 6.50 6.50 6.50 6.50 0.00 500 Otsuka Pak Ltd 20-Feb 10:45 Silkbank Ltd 90819 - 1.41 1.45 1.37 1.37 -0.04 869500 Hala Enterprise 68 - 6.35 6.50 6.50 6.50 0.15 500 Security Lease Corp 20-Feb 11:00 Crescent Steel 776 11.23 140.16 142.39 137.50 138.64 -1.52 20500 Soneri Bank 11025 6.64 13.25 13.49 13.11 13.28 0.03 82500 Feroze 1888 Mills Limited 3768 19.56 61.00 62.00 62.00 62.00 1.00 1000 Javedan Corp Ltd 20-Feb 4:00 Dost Steels Ltd 3157 - 12.00 12.72 12.15 12.35 0.35 3520500 Pak Elektron 4977 85.41 54.85 55.79 54.50 54.66 -0.19 1694000 Stand Chart Bank 38716 10.04 24.88 24.50 24.00 24.00 -0.88 9500 Gillette Pak Ltd 20-Feb 11:00 Aruj Ind Ltd 20-Feb 11:00 Inter.Steel Ltd. 4350 352.88 116.93 118.90 116.00 116.45 -0.48 639200 Singer Pak 454 48.51 45.16 46.00 43.80 44.14 -1.02 129000 Summit Bank Ltd 26382 13.75 2.79 2.90 2.75 2.75 -0.04 218500 United Bank Ltd 12242 9.63 203.55 205.00 201.50 202.34 -1.21 323700 Soneri Bank Ltd 20-Feb 11:00 International Ind 1199 66.67 290.98 297.00 288.90 292.69 1.71 114600 Tariq Glass Ind 735 37.41 100.77 101.50 100.00 101.00 0.23 5500 JS Global Capital Ltd 20-Feb 2:00 Siddiqsons Tin 785 - 26.29 26.85 25.80 26.06 -0.23 892000 TPL Trakker Ltd 2172 - 7.80 7.89 7.70 7.72 -0.08 299500 Din Textile Mills Ltd 20-Feb 3:00 NON LIFE INSURANCE National Bank of Pak 20-Feb 9:00 Aisha Steel Mill 8321 - 20.80 21.22 20.51 20.59 -0.21 2926500 Pak Tobacco Co.Ltd 20-Feb 2:00 PERSONAL GOODS Paid up First Imrooz Mod 20-Feb 10:30 CONSTRUCTION AND MATERIALS Paid up Company Cap(mn) PE Open High Low Close Chg Volume Bannu Woollen Mills Ltd 20-Feb 10:00 Company Cap(mn) PE Open High Low Close Chg Volume BIPL Securities Ltd 20-Feb 10:30 Paid up TPL Insure Ltd 20-Feb 11:00 D. G. Khan Cement 20-Feb 11:00 Company Cap(mn) PE Open High Low Close Chg Volume Adamjee Insurance 3500 7.81 58.00 57.98 56.60 56.97 -1.03 602000 Amtex Limited 2594 - 1.54 1.60 1.49 1.57 0.03 200500 First IBL Mod 20-Feb 11:00 Ask Gen Insurance 625 5.54 28.70 28.90 28.31 28.31 -0.39 3500 Sazgar Engineering 20-Feb 11:30 Artistic Denim 840 9.32 81.69 81.25 77.61 78.20 -3.49 36000 Attock Cement 1145 9.02 190.85 191.10 186.25 188.11 -2.74 4600 Atlas Insurance 702 9.08 76.50 77.70 77.70 77.70 1.20 5500 Babri Cotton Mills Ltd 20-Feb 11:30 Aruj Industries 105 11.15 32.50 30.88 30.88 30.88 -1.62 1000 Kohinoor Energy Ltd 20-Feb 11:30 Balochistan Glass Ltd 1716 - 9.78 9.88 9.40 9.57 -0.21 205500 Asim Textile 152 1.18 8.00 8.00 7.66 8.00 0.00 10000 Crescent Star Insurance 1077 3.31 4.41 4.53 4.32 4.34 -0.07 166000 IBL HealthCare Ltd 20-Feb 12:00 Berger Paints 182 106.05 156.15 160.00 156.00 156.95 0.80 800 Azgard Nine 4493 3.71 20.00 20.40 19.80 20.07 0.07 3532000 Cyan Limited 586 7.44 43.16 44.89 42.05 42.49 -0.67 18500 Pak State Oil Co. Ltd 21-Feb 9:30 Nishat Power Ltd 21-Feb 11:00 Bannu Woolen 95 3.77 57.88 57.80 57.80 57.80 -0.08 500 Bestway Cement 5963 16.84 144.17 145.50 142.50 143.00 -1.17 18500 EFU General Insurance 2000 5.93 148.55 150.00 147.50 149.49 0.94 4600 Hum Network Ltd 21-Feb 11:00 Cherat Cement 1766 9.94 127.56 129.75 126.99 127.93 0.37 92000 Bilal Fibres 141 1.60 3.42 3.69 3.50 3.57 0.15 141500 Bolan Castings Ltd 21-Feb 11:00 Chakwal Spinning 400 1.06 3.71 3.89 3.70 3.80 0.09 16000 IGI Insurance 1227 28.76 307.90 309.00 302.00 302.81 -5.09 4400 Tariq Glass Ind Ltd 21-Feb 11:00 Dadex Eternit 108 616.67 57.99 55.50 55.50 55.50 -2.49 500 Colgate Palm XD 480 82.94 3000.00 3000.00 3000.00 3000.00 0.00 360 Jubilee Gen.Ins 1804 9.28 79.00 80.99 80.00 80.00 1.00 4500 Goodluck Ind Ltd 21-Feb 11:00 Dandot Cement 948 - 10.50 9.87 9.82 9.87 -0.63 1000 Crescent Fibres Ltd 124 1.36 22.45 23.57 23.57 23.57 1.12 5000 Pioneer Cement Ltd 21-Feb 11:30 Pak Gen Insurance 464 4.82 7.95 8.00 7.75 8.00 0.05 17000 Balochistan Particle Board Ltd 21-Feb 12:00 Dewan Cement 4841 21.76 26.66 26.94 25.50 25.90 -0.76 5931500 Crescent Textile 800 13.16 30.13 30.48 29.01 29.62 -0.51 29500 Pak Reinsurance 3000 9.28 42.99 42.50 42.00 42.50 -0.49 64000 Kohinoor Mills Ltd 21-Feb 12:30 DG Khan Cement Ltd 4381 10.41 141.43 144.00 139.71 140.07 -1.36 1809300 D S Ind Ltd 837 1.32 2.54 2.54 2.40 2.42 -0.12 39500 United Distributors Pak 21-Feb 2:00 PICIC Ins Ltd XR 350 - 3.43 3.50 3.30 3.32 -0.11 802000 EMCO Ind 350 - 20.97 21.85 20.05 21.51 0.54 2500 Dar-es-Salaam 80 0.97 6.00 6.00 6.00 6.00 0.00 500 First Credit & Invest Bank Ltd 21-Feb 2:30 Dewan Farooque Spinning 978 233.85 3.04 3.18 3.03 3.04 0.00 173500 Reliance Insurance 561 4.38 7.90 7.89 7.60 7.62 -0.28 19500 Bestway Cement Ltd 21-Feb 3:00 Fauji Cement 13798 16.99 26.49 27.05 25.49 25.65 -0.84 3505500 Faisal Spinning 100 5.52 289.17 293.00 281.00 281.00 -8.17 1500 Orix Mod 21-Feb 11:00 Fecto Cement 502 3.64 51.44 50.16 48.87 49.20 -2.24 138500 United Insurance 2002 3.49 16.99 16.80 16.75 16.80 -0.19 3500 Orient Rental Mod 21-Feb 11:45 Fazal Cloth 300 5.41 152.66 150.00 145.03 150.00 -2.66 400 Bawany Air Products 21-Feb 2:15 Flying Cement Ltd 1760 - 14.79 15.00 14.50 14.60 -0.19 26500 Gadoon Textile 280 5.22 215.51 222.00 215.00 221.00 5.49 27200 LIFE INSURANCE Zephyr Textiles Ltd 21-Feb 3:30 Gammon Pak 283 - 18.51 18.65 17.51 18.24 -0.27 17500 Ghani Value Glass 300 7.69 26.00 26.75 26.75 26.75 0.75 1000 Allied Bank Ltd 21-Feb 11:00 Ismail Ind Ltd 21-Feb 11:00 Gharibwal Cement 4003 14.90 26.35 26.87 25.51 25.77 -0.58 45500 Gul Ahmed Textile 3565 11.30 39.64 40.00 39.15 39.45 -0.19 10000 Paid up Hira Textile Mills Limited 866 5.53 8.88 9.10 8.90 8.90 0.02 40000 Engro Corp Ltd 21-Feb 9:30 Javedan Cement 2671 4.27 43.26 44.00 43.60 43.60 0.34 12500 Company Cap(mn) PE Open High Low Close Chg Volume Agriauto Ind Ltd 21-Feb 11:00 Ibrahim Fibres 3105 3.38 66.40 63.21 63.08 63.08 -3.32 3000 Kohat Cement 1545 7.48 148.06 149.99 146.50 148.00 -0.06 27600 Pak Paper Products Ltd 21-Feb 11:30 Int Knitwear 97 - 12.00 12.00 12.00 12.00 0.00 2000 Nestle Pak Ltd 21-Feb 11:00 Lucky Cement 3234 21.30 586.02 601.00 586.02 597.39 11.37 195650 J A Textile 126 3.68 5.40 5.34 5.15 5.34 -0.06 2000 East West Life 602 - 17.00 17.00 17.00 17.00 0.00 500 Maple Leaf Cement 5937 11.87 69.76 70.38 68.61 69.07 -0.69 748500 Janana D Mal 48 1.49 90.20 94.00 94.00 94.00 3.80 500 Jubilee Life In XD 793 31.81 729.90 715.01 715.00 715.00 -14.90 10800 Pioneer Cement 2271 10.73 70.00 70.45 69.25 69.29 -0.71 650000 Jubilee Spinning 325 34.33 5.60 5.17 5.05 5.15 -0.45 9000 BOOK CLOSURES Power Cement Ltd. 10634 6.04 9.51 9.68 9.35 9.42 -0.09 1486000 Khyber Textile 12 - 101.66 96.58 96.58 96.58 -5.08 1000 Company From To Div/Bonus Spot Date AGM/ Kohinoor Ind 303 12.50 4.10 4.00 4.00 4.00 -0.10 6500 FINANCIAL SERVICES /Right EOGM Safe Mix Concrete 250 24.46 9.22 9.30 9.00 9.05 -0.17 27500 Kohinoor Spinning 2157 1.53 3.59 3.79 3.52 3.54 -0.05 65500 Shabbir Tiles 1197 22.91 15.25 15.50 14.85 14.89 -0.36 325000 Leather Up 60 - 18.30 18.30 17.52 17.75 -0.55 5500 Paid up Tandlianwala Sugar Mills 20-Feb 27-Feb - - 27-Feb Thatta Cement 997 21.60 24.00 24.00 23.50 23.54 -0.46 245000 Masood Textile 675 9.21 93.77 90.01 90.01 90.01 -3.76 500 Company Cap(mn) PE Open High Low Close Chg Volume Khairpur Sugar Mills 20-Feb 27-Feb - - 27-Feb Mian Textile 221 - 3.00 3.20 3.20 3.20 0.20 1000 Sakrand Sugar Mills 21-Feb 27-Feb - - 27-Feb Akzo Nobel Pak.XD 464 - 214.06 214.00 210.00 210.18 -3.88 2100 Pak Cables 21-Feb 27-Feb 25(I) 19-Feb - Mubarak Textile 54 - 2.80 3.50 2.87 3.01 0.21 28000 MCB-ARIF Habib 720 6.72 26.00 26.00 25.99 25.99 -0.01 1500 Al-Abbas Sugar Mills 22-Feb 28-Feb 30(I) 20-Feb - GENERAL INDUSTRIALS National Silk 156 3.13 29.50 30.90 30.90 30.90 1.40 500 Arif Habib Limited 550 2.90 49.00 49.05 49.00 49.00 0.00 10500 Saif Power # 22-Feb 28-Feb - - 28-Feb Nishat (Chunian) 2402 3.88 50.01 50.84 48.61 49.00 -1.01 860500 Arif Habib Corp 4538 21.73 36.68 36.59 36.26 36.50 -0.18 5000 Gharibwal Cement # 22-Feb 28-Feb - - 28-Feb Paid up Nishat Mills 3516 10.90 161.38 164.89 161.05 161.73 0.35 114000 Attock Petroleum # 23-Feb 01-Mar - - 01-Mar Company Cap(mn) PE Open High Low Close Chg Volume Pak Synthetic 560 82.29 20.39 19.85 19.41 19.75 -0.64 1500 Escorts Bank 441 - 41.91 44.00 44.00 44.00 2.09 4500 IGI Insure # 23-Feb 02-Mar - - 02-Mar Quetta Textile 130 0.80 10.00 10.00 10.00 10.00 0.00 1000 First National Equity 1418 3.58 6.20 6.17 6.10 6.13 -0.07 5000 Ravi Textile Mills # 24-Feb 02-Mar - - 02-Mar Cherat Packagin 336 27.79 185.04 187.99 185.11 185.93 0.89 1500 Ravi Textile 250 - 5.54 5.74 5.20 5.58 0.04 11500 Cherat Packaging 27-Feb 06-Mar 20(I) 23-Feb - Invest Bank 2849 2.14 1.51 1.65 1.51 1.52 0.01 77000 Faysal Bank # 28-Feb 06-Mar - - 06-Mar ECOPACK Ltd 302 - 22.49 23.00 22.40 22.40 -0.09 11000 Ruby Textile 522 - 4.03 5.03 4.20 5.03 1.00 28000 Rupali Poly 341 - 28.00 29.40 29.19 29.40 1.40 71500 Ist Cap Securities 3166 53.75 2.24 2.24 2.15 2.15 -0.09 108500 Dawood Hercules Corp. # 28-Feb 06-Mar - - 06-Mar Biafo Ind 03-Mar 09-Mar 65(II) 01-Mar - Ghani Glass 4166 10.27 70.10 70.30 69.50 69.50 -0.60 13500 Saif Textile 264 1.35 19.35 19.20 18.51 19.08 -0.27 8500 Ist Dawood Bank 1484 40.25 1.65 1.64 1.60 1.61 -0.04 188500 Hi-Tech Lubricants 07-Mar 13-Mar 17.5(I) 05-Mar - MACPAC Films 593 2.13 20.70 21.73 20.36 20.60 -0.10 19500 Sajjad Textile 213 0.72 2.81 3.50 2.81 3.47 0.66 48000 Jah Siddiq Co 9159 6.44 20.37 20.75 19.40 19.91 -0.46 358000 Fauji Fertilizer 07-Mar 13-Mar 30(F) 05-Mar 13-Mar Merit Pack 806 - 16.97 17.97 17.40 17.93 0.96 2551500 Salman Noman 45 - 4.75 4.50 4.50 4.50 -0.25 5000 Bank Al-Habib 14-Mar 27-Mar 30(F) - 27-Mar Sana Ind 86 5.90 46.17 48.47 45.50 45.50 -0.67 1500 JS Investment 802 5.07 11.38 11.00 10.40 11.00 -0.38 5000 Fauji Fertilizer Bin Qasim 14-Mar 22-Mar 7.5(F) 12-Mar 22-Mar Packages Ltd 894 18.91 536.95 543.00 535.25 536.20 -0.75 12150 Saritow Spinning 298 1.34 7.25 7.12 7.11 7.11 -0.14 2000 Orix Leasing 1392 5.02 41.00 41.00 40.90 41.00 0.00 6000 Int Steels 14-Mar 22-Mar 15(I) 12-Feb - Tri-Pack Films 388 10.38 153.57 159.00 154.00 156.04 2.47 28500 Service Fabrics 158 1.68 3.66 4.49 3.90 3.97 0.31 645500 Pak Oil fields # 14-Mar 20-Mar 175(I) 12-Mar - Service Ind 120 82.63 867.50 890.00 875.00 875.00 7.50 250 Pervez Ahmed Sec 1866 - 0.99 0.99 0.92 0.98 -0.01 262000 Cherat Cement 15-Mar 21-Mar 10(I) 13-Mar - Ghani Global Glass L 1000 2.26 15.30 15.50 15.21 15.27 -0.03 170000 Service Textile 44 0.66 12.00 12.98 12.00 12.01 0.01 3500 Saudi Pak Leasing 452 6.56 1.15 1.15 1.02 1.05 -0.10 169000 Int Ind 15-Mar 24-Mar 20(I) 13-Mar - Shams Textile 86 0.96 31.53 33.10 32.99 33.10 1.57 40500 Engro Fertilizers 19-Mar 26-Mar 30(F) 15-Mar 26-Mar Sec Inv Bank 514 777.00 8.50 8.40 7.50 7.77 -0.73 16000 Engro Powergen Qadirpur 20-Mar 27-Mar 15(F) 16-Mar 27-Mar Shield Corp 39 79.69 260.33 273.34 267.10 273.34 13.01 27350 INDUSTRIAL ENGINEERING Fauji Foods 20-Mar 26-Mar - - 26-Mar Sunrays Textile 69 2.18 151.67 159.25 144.09 159.25 7.58 1400 Security Leasing 363 - 9.45 10.04 9.00 9.99 0.54 10000 Paid up Meezan Bank 21-Mar 28-Mar 12.5(F) - 28-Mar Thal Ltd 405 28.23 518.64 524.00 516.00 516.00 -2.64 850 Trust Inv Bank 1199 8.67 1.74 1.70 1.55 1.56 -0.18 23000 Engro Polymer & Chem 22-Mar 29-Mar 8(F) 20-Mar 29-Mar Company Cap(mn) PE Open High Low Close Chg Volume Treet Corp 1601 11.34 42.33 43.69 42.50 42.63 0.30 448000 Next Capital 450 22.18 9.42 9.94 9.40 9.76 0.34 45000 GSK Consumer Healthcare 23-Mar 29-Mar 50(F) 21-Mar 29-Mar Tri-Star Poly 451 - 17.82 18.47 16.82 16.83 -0.99 1039000 EFU Life Assure 01-Apr 07-Apr 112.5(F) - 07-Apr United Brands 108 197.23 560.98 580.00 560.00 570.00 9.02 2700 EFU General Insure 01-Apr 07-Apr 62.5(F) - 07-Apr AL-Khair Gadoon 100 6.01 11.02 11.95 10.76 10.81 -0.21 3000 Yousuf Weaving 900 2.95 4.34 4.33 4.30 4.30 -0.04 17500 EQUITY INVESTMENT INSTRUMENTS Lotte Chemical 11-Apr 20-Apr 2(F) 09-Apr 20-Apr AL-Ghazi Tractor 290 31.96 682.94 691.99 673.01 678.79 -4.15 6700 Crescent Steel 17-Apr 25-Apr 10(I) 13-Apr - ZahidJee Tex. 1914 2.43 13.75 14.55 14.00 14.41 0.66 31000 Paid up Bolan Casting 115 - 113.57 117.25 108.10 110.08 -3.49 10500 Zil Limited 61 254.17 121.71 124.70 122.00 122.00 0.29 3000 Pak Telecommunication 18-Apr 26-Apr - - 26-Apr Company Cap(mn) PE Open High Low Close Chg Volume Ghandhara Ind 213 119.84 692.84 710.00 690.00 695.07 2.23 34350 Colony Tex.Mills Ltd 4980 - 4.20 4.22 4.01 4.06 -0.14 9500 Indications # Extraordinary General Meeting Hinopak Motor 124 552.96 1175.50 1225.00 1172.00 1210.99 35.49 1980 1st Fid Leasing 264 17.31 4.35 4.50 4.36 4.50 0.15 4000 KSB Pumps 132 30.57 322.00 315.00 313.00 313.00 -9.00 800 PHARMA AND BIO TECH AL-Noor Modaraba 210 - 3.50 3.50 3.50 3.50 0.00 500 Millat Tractors 443 27.10 1292.49 1300.00 1277.00 1281.77 -10.72 3400 Crescent St Modaraba 200 - 2.76 3.45 3.01 3.30 0.54 11000 OTHER SECTORS Paid up Elite Cap Modaraba 113 4.11 2.98 3.15 2.90 3.08 0.10 17000 Pak Engineering 57 - 235.00 235.00 230.05 232.66 -2.34 1900 Symbols Open High Low Close Change Vol Company Cap(mn) PE Open High Low Close Chg Volume Equity Modaraba XD 524 21.43 4.20 4.90 4.50 4.50 0.30 1000 Amreli Steels L 2970 - 91.53 94.08 92.00 94.00 2.47 139500 Golden Arrow 760 2.53 9.57 9.61 9.38 9.40 -0.17 242500 I B L Modaraba 202 16.73 4.00 5.00 4.25 4.35 0.35 28500 Johnson & Philips 21.14 22.09 20.15 20.69 -0.45 11000 Drekkar Kings 100 - 6.32 6.10 5.66 6.10 -0.22 4000 Abbott (Lab) 979 35.27 673.74 675.00 660.10 661.70 -12.04 7150 Mod Al-Mali 184 14.84 3.55 4.00 3.71 3.71 0.16 5500 Pakistan CablesXD 266.73 275 267 267 0.27 4600 Mughal Iron&Ste 2516 - 72.42 73.61 72.00 72.00 -0.42 201500 Ferozsons (Lab) 302 24.10 262.86 269.30 249.72 254.52 -8.34 118300 Nat Bank Modaraba 250 - 2.20 2.24 2.19 2.20 0.00 10000 TRG Pak Ltd 36.44 37.1 34.84 35.37 -1.07 7499000 GlaxoSmithKline 3185 31.41 192.07 197.45 192.00 193.49 1.42 49900 Pak Modaraba 125 19.17 2.30 2.30 2.30 2.30 0.00 2000 Murree Brewery 982 999 970 973 -9 2600 Paramount Modaraba 138 8.81 7.00 7.40 6.50 7.40 0.40 1500 INDUSTRIAL TRANSPORTATION Highnoon (Lab) 255 70.40 475.25 475.25 465.00 467.47 -7.78 2600 Shezan Inter. 509.92 510.05 493 493 -16.92 1300 PICIC Growth Fund 2835 4.71 29.65 31.00 30.15 30.21 0.56 30000 Khyber TobaccoXB 663.28 667.5 646 656.77 -6.51 1240 IBL HealthCare Ltd 541 21.79 98.61 102.15 99.00 99.36 0.75 22500 PICIC Inv Fund 2841 4.10 13.50 14.00 13.58 13.60 0.10 29000 Paid up Media Times Ltd 1.65 1.65 1.63 1.64 -0.01 10000 Company Cap(mn) PE Open High Low Close Chg Volume Otsuka Pak 121 91.93 239.12 243.78 233.00 239.95 0.83 700 Prud Modaraba 1st 872 7.26 2.20 2.35 2.08 2.25 0.05 426000 Punjab Modaraba XD 340 1.71 4.61 4.95 4.75 4.75 0.14 2000 Pak Hotels 83.98 88 87.49 87.7 3.72 3000 Sanofi-Aventis 96 29.49 1496.50 1500.00 1451.01 1489.67 -6.83 660 Pak Int Container Terminal 1092 14.82 343.00 347.00 340.00 345.00 2.00 5100 Tri-Star Mutual 50 - 4.17 4.50 4.40 4.50 0.33 7000 P.I.A.C.(A) 4.77 5.46 5.24 5.28 0.51 2990000 Searle Pak 1847 34.86 359.72 377.45 366.20 368.47 8.75 826500 PNSC 1321 48.66 131.18 130.00 126.01 127.01 -4.17 37700 Trust Modaraba 298 7.07 4.10 4.10 4.10 4.10 0.00 500 Pace (Pak) Ltd. 4.4 4.56 4.26 4.28 -0.12 1730000 Pak Int.Bulk 14860 0.75 17.76 17.92 17.50 17.52 -0.24 625000 Wyeth Pak 142 8.39 1778.91 1830.00 1790.00 1814.00 35.09 600 U D L Modaraba 264 4.83 26.09 27.39 25.95 27.37 1.28 92000 Netsol Tech. 69.16 69 67.6 68.1 -1.06 126000 Global mining deals European shares build on Nikkei ends up jump 15pc by value 2pc as exporters recovery, Airbus shines and big in 2017, says EY LONDON: European stocks rose for probably see new highs before too Overall, fourth-quarter earnings LONDON: The value of global Money raised by mining compa- a second day on Thursday as long." from European companies are companies gain mining and metals deals hit a four- nies from stock exchange listings investors brushed off a spike in U.S. Earnings took center stage with expected to increase 14.6 percent year high in 2017, according to rose to $2.8 billion, the highest in inflation, turning their focus back to strong results driving the top gainers from the previous year, Thomson TOKYO: Japan's changed at 106.330 accountancy firm EY, as financial six years but paltry compared to company earnings from heavy hit- Airbus, Ipsen (IPN.PA), Aegon Reuters data showed. Nikkei share average yen after sliding on distress abated and companies sold the $17 billion raised in 2011 at the ters including Europe's largest aero- (AEGN.AS), and Schneider Electric "Earnings estimates have also been finished 2 percent high Friday to 105.545, its off non-core assets. height of the commodities boom. space firm Airbus (AIR.PA). (SCHN.PA). raised, so that's definitely one of the on Monday, as lowest since November Mining and metals deals totalled For the coming year EY expects The pan-European STOXX 600 Airbus shares jumped 10.3 percent supporting factors of the rally," said exporters gained fol- 2016. Recent gains in ended up 0.5 percent at its highest after Europe's largest aerospace firm Robeco's Daalder. $51 billion last year, up 15 percent deals to be fuelled by the industry's lowing a pullback in the yen has put a level in a week, though the main beat profit and earnings expecta- Meanwhile banking and insurance from 2016 and dominated by coal return to investment-led strategies the yen, while market dampener on exporter European stock index was still down tions, though it booked a new 1.3 firm Old Mutual (OML.L), and min- and steel transactions, although the aimed at building portfolios rather heavyweights such as stocks, with investors 6.7 percent from a 2-1/2-year peak billion euro charge on its A400M ing company Anglo American Fanuc and Fast concerned a sustained volume of transactions fell 6 per- than divestment-oriented deals that hit as recently as Jan. 23. military plane. (AAL.L), rose after President Jacob cent. dominated in 2017. Retailing helped boost uptick in the Japanese Cyclical sectors drove the market Schneider Electric rose 3.4 percent Zuma resigned in South Africa, the benchmark index. currency could hurt "The focus for most of the sector "We expect to see more deals in higher, with basic resources, indus- after the electrical equipment pro- sending the rand to near three-year The Nikkei advanced profits. in 2017 was consolidating balance 2018 as investment-led strategies trials, banks and technology stocks ducer reported a strong profit margin highs. to 22,149.21 points, its Industrial robot sheet strength and maintaining begin to dominate, but the return the best performers, recovering from despite headwinds from the rise in Both firms derive a high propor- capital discipline," EY said in a of transformational consolidation their sharp drop last week. the euro. tion of their revenue in South Africa, highest close since maker Fanuc Corp quarterly report on the sector, pub- across the industry is unlikely as The rapid recovery from a higher- FUTURE EARNINGS whose parliament was set to confirm Feb. 5. gained 3.7 percent and lished on Monday. capital discipline is maintained," than-expected rise in U.S. inflation Dutch insurer Aegon (AEGN.AS) Cyril Ramaphosa as president later The broader Topix clothing chain Fast Coal transactions surged 156 said EY global mining and metals reported on Wednesday took some gained 2.8 percent after the company on Thursday. rose 2.2 percent to Retailing advanced 2.5 percent to $8.5 billion as the transactions leader Lee by surprise, and investors said the reported a doubling of quarterly net Germany-listed shares in South 1,775.15, but volume percent, contributing a world's move to renewables Downham. bounceback indicated underlying income and raised estimates for African retailer Steinhoff was thin, with only combined 77 points to prompted miners to shift away Prices of commodities such as strength in the market. future earnings, thanks to a tax cut in (SNHG.DE) rose 4.4 percent after 1.29 billion shares the Nikkei. from thermal coal. copper, zinc, coal and iron ore "For me it's a clear indication that the United States where it does the firm, embroiled in an accounting changing hands, the Automakers rose, One of the biggest coal deals last surged for a second straight year inflation is not as big a threat as peo- around 60 percent of its business. scandal, said it would hold its annu- lowest since late with Toyota Motor up year was Rio Tinto's sale of its in 2017 on a combination of ple made it out to be over the past Insurer NN Group (NN.AS) by al shareholders' meeting on April 20. December due to mar- 2.4 percent and Subaru Coal and Allied mines to dwindling supply and higher couple of weeks," said Lukas contrast fell 1.7 percent after profit Still in Germany, utility Innogy ket holidays in the Corp advancing 2.3 Australia's Yancoal for $2.7 bil- demand. Daalder, chief investment officer at undershot analysts' expectations. (IGY.DE) fell 3 percent after a report United States and percent. lion. There will be renewed pressure Robeco in Rotterdam. Another notable faller was Nestle saying the German energy group Greater China. Buying was also seen Steel deals doubled to $13.3 bil- on miners this year to participate in "The trend behind the market is (NESN.S), whose shares hit a 10- would earn up to 400 million euros Turnover also dropped in the banking sector, lion, mainly comprising large battery technology and reduce still very strongly pointed upwards," month low, down 2.1 percent, after less in annual pretax profit. Innogy 14 percent to the low- with Mitsubishi UFJ Chinese mergers and divestments reliance on fossil fuels, EY said, Daalder added. "2017 was a very reporting last year's organic or dismissed the report, confirming its est since late Financial Group and in Latin America, while gold trans- while the drive to focus on business momentum-driven market, and if underlying growth was the weakest outlook for this year. December to 2.3 tril- Mizuho Financial actions fell 34 percent to $7.3 bil- in lower risk jurisdictions should that's still the case, which after yes- since it began recording the measure Shares in Innogy's parent company lion yen. Group both adding 2.2 lion. influence deals in precious metals. terday it appears to be, then we will in 1996. RWE (RWEG.DE) fell 2.4 percent. The dollar was little percent. Tuesday, February 20, 2018 Continuations 7 No #1 Continued from page 1 No #5 Continued from page 1 tions on March 3. PML-N is likely to gain an overwhelm- The licensing powers were given to secretary and the min- ing majority in the upper house of parliament. - NNI ister has been made appellate authority. This he said during a briefing given by Chairperson The ready market volume decreased by 14.59 per cent Continued from page 8 The amendment in the charter of Ziauddin University was Prime Minister's Youth Programme at Prime Minister's to 126.71 million shares as compared to 148.36 million No #12 also approved. The cabinet also approved Rules of Sindh Office on Monday. shares traded on last trading day. He said that Pakistan welcomes the peaceful rise and Coal Authority, 2017. The cabinet also offered fateha for Ms. Leila Khan, Chairperson Prime Minister's Youth Fauji Foods Limited topped the list of actives, higher development of China which is a source of strength for Sindh minister Mir Hazar Khan Bijarani and human rights Programme briefed the Prime Minister on the achieve- by Rs 1.30 at Rs 27.44 on 9.80 million shares, followed Pakistan. Responding to a question about CPEC, he said campaigner Asma Jahangir. - NNI ments of various schemes of Prime Minister's Youth by TRG Pakistan Limited decreased by Rs 1.07 at Rs that when CPEC was launched in 2013, Pakistan was per- Programme. She said," Prime Minister's Youth 35.37 on 7.50 million shares and Matco Foods Limited ceived to be isolated, terror stricken and a 'failing state'. No #18 Continued from page 8 Programme is a successful initiative of the PML-N gov- improved by Rs 0.85 at Rs 27.50 on 6.80 million shares. China helped counter this false narrative by its massive building a road or rail line linking that port." ernment for the socio-economic development of youth Other actives were Dewan Salman Fiber Limited investment of $ 50 billion plus on CPEC which gave a Representatives for Turnbull, Foreign Minister Julie as overall beneficiaries under its six schemes are over ascended by 0.03 at Rs 0.88 on 6.65 million shares and boost to the Pakistan people and it is a vote of confidence Bishop and Trade Minister Steven Ciobo did not immedi- in the future of Pakistan and an investment in the future 1.1 Million now". Dewan Cement Limited down by Rs 0.76 at Rs 25.90 ately respond to requests for comment, a private television Ms. Leila Khan explained that under PM's Youth prosperity of Pakistan and its people. channel reported. on 5.93 million shares. Mushahid Hussain said that CPEC was already producing Business Loan Scheme, we have so far disbursed around Japanese Chief Cabinet Secretary Yoshihide Suga, asked Jawwad Abubakr at Elixir Securities said Pakistan results: Pakistan's international image had changed, at a news conference about the report of four-way coopera- 22,000 loans worth Rs. 22 Billion among educated and equities closed Monday slightly lower in listless trading Pakistan had become a pivotal player in the region, tion, said Japan, the United States, Australia and India reg- skilled youth, both men and women, for the promotion as most investors stuck to the sidelines. Turnover seen Pakistan had registered the highest growth rate in 10 years, ularly exchange views on issues of common interest. of entrepreneurship culture in the country. These young today recorded the second lowest level in 2018 as only projects like Gwadar port and Thar coal had not only been "It is not the case that this is to counter China's Belt and entrepreneurs are not only running their own businesses USD30mn worth of shares exchanged hands on bench- revived but were thriving and the Western Route was being Road," he said. successfully but are also providing employment to num- mark KSE100 Index. Pressures from possible catego- built on schedule. Japan, meanwhile, plans to use its official development ber of other youths around them. 91% recovery rate of rization of Pakistan in global terrorist watch list by He said that CPEC was translating into reality what the assistance (ODA) to promote a broader "Free and Open the scheme, the highest in SME sector financing, speaks Financial Action Task Force (FATF) kept overall senti- father of the nation, Quaid-i-Azam Mohammad Ali Jinnah Indo-Pacific Strategy" including "high-quality infrastruc- of its success. ments low. Barring Pharmas and OMCs, all key sectors had correctly predicted 70 years ago in an interview with an ture", according to a summary draft of its 2017 white paper Under PM's Interest Free Loan Scheme, so far more traded and closed the day lower with Pakistan American publication that "Pakistan would be the pivot of on ODA. The Indo-Pacific strategy has been endorsed by than 400,000 interest free loans worth Rs. 9.5 Billion Petroleum PPL PA -0.9% denting KSE100 Index the the world placed on the frontier where the future geo-poli- Washington and is also seen as a counter to the Belt and have been disbursed among poorest of the poor across most. Earnings announced by Amreli Steels ASTL PA tics of the world will revolve". - NNI Road Initiative.-NNI the country. 64% of the loans beneficiaries are females, +2.7% and Hub Power HUBC PA +0.74% came inline No #13 Continued from page 8 No #19 Continued from page 8 while 99% is the overall recovery rate of the scheme. with our estimates, while that of Fauji Cement FCCL He said the current government might not have per- To another question, he condemned continued unprovoked More than 64000 BISP beneficiaries have also started PA -3.2% and United Bank UBL PA -0.6% came lower formed outstandingly, but it saved the economy from bank- firing by India on the Line of Control and said that New their own businesses by taking interest free loans under than our expectations. Going forward, we see lackluster ruptcy and brought improvement in many areas. Delhi was resorting to the tactics in a bid to divert attention the scheme. activity to continue with verdict due by FATF likely He said Pakistan needed to promote economies of scale from its atrocities against people in Occupied Kashmir. Under PM's Youth Skill Development Program, remaining the major sentiment driver this week. and ensure continuity of systems and policies for better eco- Replying to another question, Ahsan Iqbal said there is a pro- 100,000 unemployed youth have been trained in around nomic growth. He said the current government differentiated cedure for putting names on the Exit Control List. 100 demand-driven vocational trades across the country, No #6 Continued from page 1 between the filers and non-filers through tax measures. He Earlier, Minister for Planning and Development Ahsan whereas 100,000 more youth will complete training by relations between Pakistan and Malaysia. He empha- said there was nothing secret in CPEC and Phase-I of CPEC Iqbal says only democracy can ensure sustainable socio- the end of 2018. Under PM's Fee Re-Imbursement sized that there should be regular exchange of high level of Early Harvest Projects was heading towards successful economic development. Scheme, fee of more than 227,000 university students delegation to further strengthen these relations. completion. He said private sector businesses should play He was speaking at the launching ceremony of the report from less developed areas has been paid so far, resulting The president also conferred Nishan-e-Imtiaz more effective role in capital market for capital generation. "Inclusive and Sustainable Development" in Islamabad on in increase in university enrollment. (Military) upon Malasian Naval Chief in a special He said private sector should channelize foreign remit- Monday. Under PM's Youth Laptop Scheme, 300,000 laptops investiture ceremony. - NNI tances in productive sectors. He appreciated ICCI initiative The Minister said it was because of democracy that the for organizing public-private dialogue on charter of econo- have been distributed among talented university students No #7 Continued from page 1 country was today having historic projects like China across the country, whereas 200,000 more "Made my and said that such dialogues should be held regularly Pakistan Economic Corridor (CPEC).-NNI request of National Accountability Bureau's (NAB) bring public-private sectors on one platform and develop inPakistan" laptops will be distributed by the end of prosecutor on February 22. NAB feels the record should Continued from page 8 2018. Under PM's Youth Training Scheme, above consensus on economic policies. No #20 be present when statements from two witnesses via Dr. Farid Ahmed Piracha Deputy Ameer of Jamaat-e- Later, the House passed the resolution, which recom- 95,000 interns have so far been placed in more than video link are being made during the hearing. 4900 public and private sector organizations across the Islami, MNAs Asad Umar and Abdul Rashid Godil, Anwar mended to the government that the process of delimita- The court also directed the former prime minister, Saifullah, Arif Jeewa Chairman ABAD, Zahid Latif Khan country. tion of constituencies in FATA for next general election daughter Maryam Nawaz and son-in-law Captain (R) President Rawalpindi Chamber, Haji Manzoor Elahi Meanwhile, Finance Minister of Azerbaijan, Samir be stopped and the general election 2018 should be held Safdar to be present during the hearing. President Haripur Chamber, Anila Fatima of Islamabad as per previous delimitations.-NNI Sharifov, undertook a brief visit to Pakistan on Monday Earlier this month, the prosecution said both the wit- Women Chamber, Farhan Razzaq Dar President Jhelum to deliver a special message from the President of nesses - Robert W Radley, the principal at the Radley Chamber, Vice President of Gujrat Chamber and representa- No #21 Continued from page 8 Azerbaijan to the Prime Minister, seeking support of Forensic Document Laboratory and Akhtar Raja, the tives of various other Chambers of Commerce & Industry month in Dubai broke all records for overseas Pakistan for hosting of Expo 2025 and World Bank principal at the Quist Solicitors - are in the United also spoke at the occasion and stressed that government fundraisers. I once again want to congratulate our team Conference 2021 by Azerbaijan, in Baku. Kingdom and cannot come to Pakistan due to security should establish an independent board on the pattern of SBP and thank the people of Dubai for helping create this Prime Minister Shahid Khaqan Abbasi assured consid- reasons and 'heavy engagements.' to oversee the affairs of FBR.-NNI record with approximately AED 900k in donations and eration to the request for support for hosting the above Last year, a JIT was formed on the orders of the No #14 Continued from page 8 sponsorships," he said.-NNI mentioned conferences. Supreme Court on corruption allegations against the The two sides exchanged views on possible coopera- Turkish Ambassador said Turkey clearly recognizes the No #22 Continued from page 8 Sharif family which was headed by Additional Director security challenges faced by Pakistan today and can even Those who were elected members of Central tion in areas of mutual interest, especially in the energy General Wajid Zia. and agricultural sector and discussed various measures relate to them. He also pledged support to Pakistan's stance Executive Committee (CEC) included Tayyab Hassan, to enhance bilateral trade. They also discussed the cur- Continued from page 1 at different regional and international forums. Saleem Bandhani, Nazia Ali, Kamran Akhtar and Azeem No #8 Nasser Janjua on the occasion also appreciated the role rent situation in Indian occupied Kashmir and Nagorno- Farooqi.-NNI The bench stated, in prima facie, Danyial Aziz has been and contribution of Turkish President Recep Tayyip Karabakh and reiterated continued mutual support on found guilty of contempt of court as per TV recordings and Erdogan to the Muslim World. - NNI No #23 Continued from page 8 these disputes. - NNI newspapers' clippings dated 9th of June-2017, 15th and maligning the army. The estranged PTI lawmaker said 31st of Dec-2017. No #15 Continued from page 8 No #2 Continued from page 1 It is pertinent here to mention that country's top court, in women so that they can take the lead in development of that she rejected the offer of contesting the upcoming people are ousted. How long this will continue. Who separate hearing, has also rejected Pakistan Muslim League this country which has bright future with young popula- Senate elections from PML-N straight away. "PML-N will bear its brunt? The country will suffer the loss," the Nawaz's (PMLN) leader and State Minister Talal tion", he added. provoked me to speak against the army. I rejected the prime minister remarked. Chaudhry's plea to adjourn hearing for ten days. Country Director UNDP Pakistan Ignacio Artaza said offer to accept Senate ticket," she said while talking to "Today, for a government functionary, the easiest way The apex court has also directed Talal Ch to submit reply challenges posed by the 'youth bulge' in Pakistan are media outside the parliament.-NNI is to make no decision or work. No one will question till Monday. immense. "Almost 1.8 million jobs are required every year him. As you will carry out any work, it will bring insult On February 2, the apex court had issued Aziz a contempt to absorb the growing number of young people entering the to you tomorrow," he remarked. of court notice over his controversial speeches and state- job market. The youth represent the future of Pakistan, and COURT NOTICES this is a tremendous opportunity for which we are thankful He said there must be a questioning but it must not ments made during various TV talk shows. IN THE COURT OF JUDGE, Nankana Sahib. hurt the country and also criticized the courts' controver- In an earlier hearing on February 7, the court directed to the Government of Japan," he added. BANKING COURT NO. II Whereas the aforesaid plaintiff sial decisions made in the past. Aziz to personally appear before the court. Youth Empowerment in Sindh and Khyber Pakhtunkhwa OLD STATE BANK BUILD- has instituted a suit against you "These things need to be ascertained. This is not criti- Chief Justice of Pakistan Justice Mian Saqib Nisar formed a Project will provide opportunities that increase young peo- ING OPP. G.P.O SHAHRAH- and other for the recovery of cism against any institution. I am presenting facts before bench after taking suo moto notice of controversial speeches ple's employment prospects and enhance social cohesion in E-QUAID-E-AZAM, Rs. 688685/-. Along with and statements he made during various TV talk shows. While areas that currently have limited scope for social and eco- LAHORE markup/ interest and costs etc, you" he said and urged the House to debate as to SUIT NO 290 /2017 claimed to be payable by you. whether it had the right to legislate and the government equating judges with idols during the PML-N's Jaranwala nomic engagement. Youth-friendly community spaces will be developed to promote interactions between young peo- Bank Alfalah Limited Branch Summon u/s. 10 of Ordinance had powers to make decisions and appointments. rally, Talal Chaudhry had urged Nawaz Sharif to oust them from courts. He said there was no hope of justice till these ple and youth from underdeveloped areas will receive DHA Gulberg Lahore No. SL VI of 2001 referred to The prime minister questioned whether it was a per- demand-driven skills trainings to help them gain productive (Plaintiff) above is hereby issued requir- judges were sitting in the courts. VERSUS ing you to make within 30 days son's liability if any of the House's decisions proved On February 2, the Supreme Court had issued contempt employment in local industries. wrong and had any negative impact. Abdul Ghffor of the service of this summon notice to Daniyal Aziz. This project aligns with the Government of Pakistan's Defendants an application for leave to He advised the Leader of the House not to make the Another PMLN leader and senator Nehal Hashmi was Vision 2025 Roadmap and is an important step in helping Summons U/S 9(5) of the defend the suit u/s. 10 ibid. issue a partisan as it was the parliament's issue. jailed for one month over similar charges on Thursday. Pakistan achieve its Sustainable Development Goals to Financial Institutions Take notice that on your failure To another point, he said it was a moment of thought In his May 28 speech, Hashmi had triggered a political engage young people, provide economic growth, produc- (Recovery of Finances) to file such application within for the members that the parties with no member in a storm by threatening the members of the joint investigation tive employment and decent work for all. Ordinance, 2001. (Ordinance time specified above, the provincial assembly had fielded their candidates for team (JIT) and Supreme Court judges of "dire conse- The Youth Empowerment in Sindh and Khyber No: SL VI of 2001). Banking Court shall pass a Senate election and even some independents were also quences" after their retirement for probing Sharif family in Pakhtunkhwa Project builds on previous collaborations Summon to: Abdul Ghffor S/O decree as Prayed for in the between UNDP and the Government of Japan that have sup- Muhammad Shafi R/O plaint, in favour of hte plaintiff in the race. connection with Panama Papers case. - NNI Goverment Deaf School for Banking Company. "How will they be elected? These issues will not be ported the people of Pakistan in responding to a host of No #9 Continued from page 1 boys Special education Next date for further proceed- resolved until the House debates. We have seen all such development challenges, from relief and rehabilitation work Department 40-T Near U-Fone ings, in the cas has been fixed In 2018, Indian forces have carried out more than 335 gimmicks in the past. We need to end this today," he in FATA to electoral reform at the national level. - NNI Frunchise Gulberg II Lahore. on 27-2-2018. ceasefire violations along the LoC and the Working concluded. - APP Continued from page 8 Whereas the aforesaid plaintiff Given under my hand and seal Boundary, resulting in the martyrdom of 14 innocent civil- No #16 has instituted a suit against you of the Court this 16 day of 12- No #3 Continued from page 1 ians and injuries to 65 others. This unprecedented escala- of exposing the weaknesses of the banks through his and other for the recovery of 2017...... To a question, Dastagir said the information was privy tion in ceasefire violations by India is continuing from the weekly column "Unbridled Banking" being published in Rs. 159304/97-. Along with IN THE COURT OF JUDGE, to himself and the prime minister for past several year 2017 when the Indian forces committed more than The Financial Daily from February 2018. This column is markup/ interest and costs etc, BANKING COURT NO. II months, saying the "troops were deployed only after the 1,970 ceasefire violations. also shared on the Weekly Corporate Ambassador website claimed to be payable by you. OLD STATE BANK BUILD- approval by the latter." A statement of the foreign office had stated earlier this and Facebook. The purpose of this column is to highlight Summon u/s. 10 of Ordinance ING OPP. G.P.O SHAHRAH- year: "The deliberate targeting of civilian populated areas is the embarrassing mistakes of the banks so that the financial No. SL VI of 2001 referred to E-QUAID-E-AZAM, Rabbani responded, saying, "Let us not talk about the above is hereby issued requir- LAHORE Parliament's supremacy then," and added, "you are rub- indeed deplorable and contrary to human dignity, internation- institutions take measures to prevent their customers from facing annoying situation and improve their performance ing you to make within 30 days SUIT NO 279 /2017 bing the nose of the Parliament in sand." al human rights and humanitarian laws. The ceasefire viola- of the service of this summon Bank Al Habib Ltd. He went on to add, "Why shouldn't the proceedings of tions by India are a threat to regional peace and security and and efficiency. Interesting to note is that Ahmed Omar con- an application for leave to (Plaintiff) Senate's contempt initiated against you and the prime may lead to a strategic miscalculation." Earlier on February tacted the helpline of the Faysal Bank and told the official defend the suit u/s. 10 ibid. VERSUS minister for not taking the Parliament in confidence." 15, five Indian soldiers were killed after Indian unprovoked who attended the call about his ordeal of embarrassment Take notice that on your failure M/s Arshad Amin Goads just because the bank did not update the payment even the Pakistan has stayed away from the conflict in Yemen cross-border fire was retaliated by Pakistan Army. to file such application within Transport Company Ltd. following day of the payment of the card. The helpline offi- time specified above, the Defendants where Iran strongly opposes the involvement of the "Indian Army post on LOC targeting innocent citizens cial sufficed it to say that it happened due to a technical Banking Court shall pass a Summons U/S 9(5) of the Saudi-led military coalition. In November last year, destroyed by Pak Army troops in Tatta Pani (Hot Spring) sector. Five Indian soldiers killed, many injured. Indian ter- problem, but Ahmed wondered that why this technical decree as Prayed for in the Financial Institutions army chief General Qamar Javed Bajwa visited Tehran plaint, in favour of hte plaintiff (Recovery of Finances) rorism against innocent citizens shall be responded befit- problem is haunting him for the past many months. The where he met top Iranian civil and military leaders, way the bank is posting payment very late, it seems that the Banking Company. Ordinance, 2001. (Ordinance including President Hassan Rouhani. tingly," ISPR had reported on February 15. Next date for further proceed- No: SL VI of 2001). Retaliation by the military was reported after Indian bank is even not working at par with the manual banking ings, in the cas has been fixed Summon to: M/S Arshad Amin No #4 Continued from page 1 troops targeted a school van in Battal sector of Azad Jammu days of banking sector (in 20th century) when the payment on 24-2-2018. Goads Transport co. Office allowed to operate. However, the top court had turned and Kashmir and martyred the driver. was updated the following day. This writer is also using dif- Given under my hand and seal main Adda Thokar Niazbaig ferent bank cards and has observed that most of the banks of the Court this 10 day of 02- Multan road Lahore. Through down their request and directed owners of five other No #10 Continued from page 1 sugar mills to buy the crop instead. are posting the payment, the moment the customer delivers 2018...... Rartenes etc. Muhammad conducted in Bajaur Agency to track two suicide bombers IN THE COURT OF JUDGE, Asghar & Asia Butt. 2. The five sugar mills owners, including Tareen, had cash at the counter and the banks also send an SMS as con- entering from Afghanistan through Kagha Pass. The Afghan firmation. But what has happened to the Faysal Bank that is BANKING COURT NO. II Muhammad Asghar S/O given undertaking that they would lift all the sugarcane based TTP terrorists were cordoned near Ghatki Kaga, Mena unable to post/update payment the same day, is really OLD STATE BANK BUILD- Muhammad Amin butt. 3. Asia from three districts at the price of Rs180 per 40kg. Bajaur Agency. The suicide bombers tried to escape but shocking and unbelievable for many. Ahmed Omar is mak- ING OPP. G.P.O SHAHRAH- butt W/O Muhammad Asghar E-QUAID-E-AZAM, R/O Daka Halib Colony However, dissatisfied with the arrangement, the growers were killed by security forces. ing payment in Phase-I branch of the Faysal Bank that is pointed out that the mills do not have the capacity to Suicide jacket, anti-tank mines, magnetic mines, prepared LAHORE Sheikhupura. near to his office's location. The Faysal Bank should try to SUIT NO 213 /2017 Whereas the aforesaid plaintiff crush the amount of sugarcane in the area. remote control IEDs, remote control receivers, detonators follow other banks that are updating the payment in Zarai Taraqiati Bank Ltd has instituted a suit against you Justice Nisar maintained that the court will not allow and communication equipment with Afghan mobile compa- accounts and credit cards almost at the same moment when (Plaintiff) and other for the recovery of the mills to operate "even if we have to organise a fund ny signature were recovered from the attackers. - NNI the customers deliver cash. VERSUS Rs. 1197490/75-. Along with Muhammad Ali Kharal Alias markup/ interest and costs etc, to compensate the farmers". He observed that the No #11 Continued from page 1 No #17 Continued from page 8 banned sugar mills may be creating hurdles for the farm- Muhammad Khan Kharal etc. claimed to be payable by you. polls over two seats, a general seat and technocrat seat, that the matter was subjudice in the Supreme Court, and Defendants Summon u/s. 10 of Ordinance ers, adding that they should compensate the farmers. however; he will now only contest for the remaining one. the matter should be deferred until the court decides the Summons U/S 9(5) of the No. SL VI of 2001 referred to The CJP questioned the nexus between Punjab govern- Previously, the LHC's appellate tribunal permitted Ishaq appeal of Sindh government. Financial Institutions above is hereby issued requir- ment and the banned mills and expressed annoyance over Dar to contest Senate elections after he moved court against Secretary Zakat, Usher and Religious Affairs Riaz (Recovery of Finances) ing you to make within 30 days the local administration's failure to resolve the issue. the rejection of his nomination papers by Election Soomro briefed the cabinet that the federal government has Ordinance, 2001. (Ordinance of the service of this summon "Either you are incompetent or partisan," Justice Nisar Commission of Pakistan (ECP). prepared a draft law to and regulate Ruet-e-Hilal arrange- No: SL VI of 2001). an application for leave to The opposition party Pakistan Tehreek-e-Insaf (PTI) had Summon to: Muhammad Ali defend the suit u/s. 10 ibid. told the Rahim Yar Khan district coordination officer. ments in order to maintain unanimity on all religious occa- Kharal Alias Muhammad Khan Take notice that on your failure "You are flaring up the situation and creating problems challenged the nomination papers of Dar, pointing out that sions nationwide. Kharal S/O Sher Muhammad to file such application within for the farmers." Dar was declared absconder in the corruption reference The provincial governments have been requested to pass Alias Shera throaghnis legal time specified above, the Justice Nisar said the court's priority was to not let the against him heard by NAB court. a resolution allowing the federal government to legislate on heirs 1. Mst Khursheed bibi Banking Court shall pass a ECP ruled that Dar is ineligible to contest in the Senate poor farmers suffer. their behalf for Ruet-e-Hilal. All other provinces except (wife) 2. Mst Muhammad bibi decree as Prayed for in the elections since there is a pending corruption case against (wife) 3. Muneer Ahmed son 4. plaint, in favour of hte plaintiff The three-member bench directed representatives of Sindh have already passed the resolution. The cabinet him in the accountability court. approved the proposal and directed the religious affairs Muhammad Shamion (son) 5 Banking Company. the five sugar mills to formulate a proposal for the buy- The ruling Pakistan Muslim League-Nawaz (PML-N) department to submit the resolution in the assembly. Matloob Ahmed (son) 6 Mst Next date for further proceed- ing and selling of sugarcane crops and present it to the had nominated Ishaq Dar as its Senate candidate for anoth- The cabinet approved revised amendment to Sindh Nusrat bibi (Daughter) 7 Mst ings, in the cas has been fixed meraj bibi (Daughter) 8 Mst on 28-2-2018. top court. The SC will supervise buying and selling of er three-year term as nine of the PML-N Senators are due to Mining Concession Rules 2002. The cabinet was told by the crop. Kaneez bibi (Daughter) All Given under my hand and seal retire next month after completing their terms. At least 52 Mines and Minerals Shams Soomro that there was a lack of R/O Attari Chakkar P.O. Box of the Court this 14 day of 12- The court adjourned hearing until February 21. Senators will retire next month ahead of the Senate elec- clarity in the existing definition of the licensing authority. Bucheki Tehsil and Distt 2017...... 8 Tuesday, February 20, 2018 Rabbani launches fact sheet on CPEC plus China language classes ISLAMABAD: Chairman Yao Jing, said that Pakistan Senate, Senator Raza Rabbani, China relations were achieving has said that Pakistan China new heights and CPEC was the relations are a demonstration of manifestation of this bond in the "Asian Dream". The func- the present era. He said that tion was organized by the China has always stood by Pakistan-China Institute, a local Pakistan just as Pakistan stood think tank devoted to relations by China. Hence this "all with China and the region. weather" friendship between Speaking as Chief Guest at a "Iron Brothers". function to launch Chinese lan- Speaking on the occasion, the guage classes and a publication Founder of Pakistan-China on "CPEC: Facts versus Institute, Senator Mushahid Fiction", he also termed the Hussain said that there had Pakistan China relationship as a been deliberate attempts to cre- bulwark against hegemonism in ate misconceptions about the region since there had been CPEC, in which India and its attempts at regime change and Western patrons were playing a to impose India as the regional prominent part. The reason for policeman by the U.S. this was geo-political since He welcomed the launch of there was an attempt to build up the Chinese language classes to India as a counterweight to ISLAMABAD: Samir Sharifov, Finance Minister of the Republic of Azerbaijan called on Prime Minister Shahid Khaqan Abbasi, here at Prime Minister's Office, facilitate business ties between China with baseless propagan- Monday. - PID photo Pakistan and China. da about the "China Threat". Sattar elected Delimitation process The Ambassador of China, See # 12 Page 7 MQM-P chief Sindh cabinet opposes ECP to display Parties should develop initial list of in intra-party consensus on economic privatization of PIA, constituencies roadmap: Afzal Khan elections ISLAMABAD: Rana tion with Sustainable KARACHI: Muttahida Qaumi on Feb 28 Muhammad Afzal Khan, State Development Policy Institute Movement-Pakistan (MQM-P) PSM, Lakhra power ISLAMABAD: Minister for Minister for Finance, and (SDPI) and Center for faction led by Dr Farooq Sattar Parliamentary Affairs Aftab Economic Affairs has stressed International Private Enterprise elected Farooq Sattar as chief KARACHI: Sindh cabinet on automatically return to provin- net sent the draft law to the Ahmed Sheikh Monday that all political parties should (CIPE). during intra-party elections Monday resolved to strongly cial government if it is priva- standing committee for higher apprised the Senate that the develop consensus on econom- He said charter of economy held simultaneously in Karachi oppose the privatization of tized. The cabinet unanimously education. Election Commission of ic roadmap to make Pakistan a was absolutely necessary for and Hyderabad. Pakistan International Airlines, authorized CM Sindh to give a The cabinet was told that the Pakistan (ECP) would display strong economy. achieving better economic More than 12,000 votes were Pakistan Steel Mill and Lakhra clear message the federal gov- Nooriabad power project was an initial list of delimitation of He was addressing as the growth and all political parties cast during the intra-party elec- coal power plant, and said that ernment and would resist their operating at full capacity and constituencies on February 28. Chief Guest at a public-private should rise above their political tions. Dr Farooq Sattar bagged the federal government would privatization. was supplying 100 MW of Opposing a resolution regard- dialogue on "Charter of interests and develop consensus over 9,500 votes in intra-party have to safeguard the interest of The cabinet approved the electricity to K-Electric. The ing delimitation of National Economy and Economic on economic roadmap and polls to become MQM-P chief. workers. draft law regarding public sec- cabinet approved some techni- Assembly constituencies in the Agenda for Elections 2018" national economic agenda to Dunya News had obtained Chief Minister Murad Ali tor universities of Sindh, under cal amendments in gas supply Federally Administered Tribal organized by Islamabad put Pakistan on the path of sus- the result of MQM-P intra- Shah, chairing the cabinet which the appointment of vice agreement of Sindh Nooriabad Areas (FATA) for general elec- Chamber of Commerce & tainable economic growth. party elections. Sources meeting, said the workers of chancellors, deans and pro-vice power company, such as com- tion 2018 moved by Sajjad Industry (ICCI) in collabora- See # 13 Page 7 informed that Farooq Sattar PSM are starving for non-pay- chancellor would be made by mercial operation date was Hussain and others in the and new Raabita Committee ment of their salaries, while the the chief minister, and the made December 31, the word House, the minister said the will dispatch the election result federal government has deliber- Governor being chancellor of alternative fuel was deleted government had already decid- Turkey appreciates to the Election Commission on ately turned the once profit- would confer honorary degrees. and to meet the requirements of ed that old seats of FATA would Monday. making steel mill into massive The appointment of registrars Oil and Gas Regulatory remain intact. Abdul Waseem, Khawaja losses, and the same has been and controller of examinations Authority (OGRA). He said after new census, the Suhail Mansoor, Kamran done with PIA. would be made by the syndi- The cabinet discussed police delimitation process was being Pak role for peace, Tessori, Ali Raza Abdi, Qamar The chief minister clarified cate on the recommendation of rules and an argument emerged carried out in the country, but Masoor, Sheikh Salahuddin that the land of PSM would selection committee. The cabi- See # 17 Page 7 despite less population, FATA's and Suhail Mashadi were NA seats were not being among those who were elected slashed. regional stability members of the Raabita Aussie, US, India, Japan to Earlier, Leader of the ISLAMABAD: Turkey has security situation, Middle East Committee. Opposition Barrister Aitzaz acknowledged and appreciated and Arab World issues came See # 22 Page 7 Ahsan said under the the role of Pakistan for under discussion. Constitution, FATA had 12 strengthening peace and stabili- The security situation in Gulalai may counter China's influence seats, which could neither be ty of the region and for elimi- Afghanistan also came under SYDNEY: Australia, the quoted as saying the plan ly discussed. The source added increased nor decreased. There nating terrorism from its soil. discussion in detail. United States, India and Japan involving the four regional that the preferred terminology was no need for carrying out The acknowledgement came National Security Advisor launch her are talking about establishing a partners was still" nascent "and was to call the plan an "alterna- delimitation in FATA, he during a meeting of Turkish highlighted the complex nature joint regional infrastructure won't be ripe enough to be tive" to China's Belt and Road added. Ambassador Ishan Mustafa of the ongoing conflict in own party scheme as an alternative to announced' during Australian Initiative, rather than a "rival." See # 20 Page 7 Yardakul and National Security Afghanistan and the role of China's multibillion-dollar Belt Prime Minister Turnbull's visit "No one is saying China Adviser Lt Gen (R) Nasser Khan Pakistan to support and on Friday and Road Initiative in an to the United States later this should not build infrastruc- Imran thanks Janjua in Islamabad on Monday. strengthen peace in the war torn attempt to counter Beijing's week." ture," the official was quoted as Matters relating to promotion country. ISLAMABAD: Disgruntled spreading influence, the The official said, however, saying. "China might build a of bilateral relations, regional See # 14 Page 7 PTI Member of National Australian Financial Review that the project was on the agen- port which, on its own is not everyone for Assembly (MNA) Ayesha reported on Monday, citing a da for Turnbull's talks with U.S. economically viable. We could Gulalai is all set to formally senior U.S. official. President Donald Trump during make it economically viable by good wishes Japan, UNDP partner announce her separate party on The unnamed official was that trip and was being serious- See # 18 Page 7 Friday. on marriage According to reports, the to support youth with party's name will be Tehreek-e- Ahsan Iqbal talks to newsmen on war on terror ISLAMABAD: Imran Khan Insaf Gulalai. issued a message on Twitter to She said that all the legal and thank everyone for good wish- skills in Sindh, KPK necessary requirements regard- Pak's name in watch list es on the third marriage, prais- ISLAMABAD: The deprived communities, helping ing her new party have been ing those who prayed and Government of Japan and the them participate actively in the completed. However, the regis- wished him good luck for the United Nations Development socioeconomic development of tration in Election Commission future. Programme (UNDP) Monday Pakistan, said a statement of Pakistan (ECP) will be car- to be counterproductive The Pakistan Tehreek-e-Insaf signed an agreement to launch issued. ried out after the announcement. ISLAMABAD: Interior The Interior Minister said the the country in the war against (PTI) Chairman said, "I want to a US$ 3.9 million initiative Speaking at the occasion, MNA reiterated that she will Minister Ahsan Iqbal has said move to put Pakistan on the terror. thank everyone for their aiming to empower more than Ambassador of Japan to raise voice against the corrupt that it would be counterproduc- watch list would hurt its capa- He expressed the confidence prayers and good wishes on my 20,000 youth in Sindh and Pakistan Takashi Kurai said officials. tive for the war against terror to bility to fight terrorism and that the international communi- marriage." Khyber-Pakhtunkhwa Pakistan's population is very Earlier, Ayesha Gulalai had put Pakistan's name on the questioned whose interest ty would recognize sacrifices of Also, he thanked the donors provinces. young and ensuring job oppor- accused the ruling Pakistan watch list of the countries fund- would be served by doing so. Pakistan in the war against ter- who contributed during the This initiative will help tunities and income for youth is Muslim League-Nawaz (PML- ing terrorism. He said Pakistan is diplomat- ror and will not take measures Shaukat Khanum Memorial improve employment prospects critical for development of N) of bribing her with candida- He was responding to ques- ically engaging different coun- that would hamper its anti-ter- Trust dinner last month. and promote social cohesion Pakistan. "Japan will continue cy of Senate on the condition of tions by newsmen in Islamabad tries of the world to apprise ror campaign. "The SKMT dinner last through positive interactions to support youth and young See # 23 Page 7 on Monday. them of the measures taken by See # 19 Page 7 See # 21 Page 7 amongst young people in See # 15 Page 7 Faysal Bank's Credit Card or Embarrassment Card that are creating problems for of the credit card the same day. the card for payment. But he friend from the demoralization. the payment and rescued the millions of the customers of In certain cases, the bank did was shocked when the Shell Ahmed Omar's bad-luck with Ahmed from further humilia- the bank. Last week, my friend not update the credit card pay- staff told him that the card had Faysal Bank's credit card con- tion. All this happened a day and General Manager of The ment even the following day declined payment. tinued to haunt him throughout after he made full payment of Financial Daily Ahmed Omar that caused embarrassment to At that time, a friend of that day and he faced another his credit card. Every month, again faced embarrassment Ahmed Omar. The fresh Ahmed was also sitting with shock at night when he went for Ahmed consumes almost equal twice in one day when his episode of embarrassment him in the car and unfortunate- dinner with friends at Hot and to the limit of the credit card n the last one decade, the Credit Card of the Faysal Bank emerged the last week when he ly Ahmed did not have cash in Spicy in Delton Market in (Rs 37,000/number is 5254- banking sector in Pakistan declined payment at two differ- made full due payment of the his pocket to pay to Shell for Defence, Karachi. 5200-9099-1877) and every payment. This time, the non- Ihas witnessed massive ent locations. Ahmed Omer is a credit card, but the Faysal Bank getting 32 liters of petrol. When he and his friends fin- month he deposits the full pay- payment from the credit card a expansion, innovation, modern- customer of Faysal Bank and did not update the payment Finally, his friend (Mubasher ished the dinner, Ahmed again ment within the prescribed day after payment annoyed him ization in the use of technology using the credit card for the even a day after receiving the Mir, President of Karachi handed over the credit card for limit, but whenever he made and he finally shared his over a and automation of the system. past more than 14 years. payment that landed Ahmed in Editors Club, Resident Editor payment, but the card again the adventure of making pay- decade-long bitter experience But the most worrying aspect is A consistent and unending trouble and he felt ashamed of Daily Pakistan and a senior refused payment and once ment from the credit card, the of Faysal Bank's credit card that the bank customers' facili- trouble that he is facing for a twice, first time when he got TV analyst) felt the awkward again the man faced unexpect- same day at evening, he had to banking with this writer who tation culture and automation long time is that the Faysal fuel at Shell petrol pump Phase situation and immediately ed shame before his friends. face embarrassment as card had accepted the onerous task systems are facing deterioration Bank fails to post the payment 1, DHA Korang Road and gave made the payment to save his Again, one of his friends made always betrayed him in making See # 16 Page 7 Printed & Published by Shakil Haider Jafri at KK Printers for Data Research Communication, 111-C, Jami Commercial Phase VII, DHA Karachi.