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Inside Pages: Tuesday It's time to root #2: PPP Sindh comes up with modern media facility #3: Operation after failure of dialogue: Mushahid June 17, 2014 out terrorism: #4: EDITORIAL: Zarb-e-Azb Sha’aban 18 #5: KSE down 80 points on TTP operation Vol#7 Issue# 266 #8: Health Insurance premiums have been growing since 2008 Pages 12 Rs12 Shahbaz #9: Sterling hits five-year high See Page# 2 #12: Iran launches satellite monitoring system KARACHI EDITION

Economic Indicators Forex Reserves (06-Jun-14) $13.456bn Inflation CPI% (Jul 13-May-14) 8.66% Agency isolated to block any move of terrorists in and out of the area; 6 more hideouts Exports (Jul 13 - May 14) $23.11bn Imports (Jul 13 - May 14) $40.78bn Trade Balance (Jul 13 - May 14) $(17.67)bn smashed; 3 terrorists killed while laying IEDs close to Miranshah; ANP supports action Current A/C (Jul 13- Apr-14) $(2162)mn Remittances (Jul 13 -May 14) $14.33bn Foreign Invest (Jul 13 - Apr 14) $919mn Revenue (Jul 13 - May 14) Rs 1942bn Foreign Debt (Mar 14) $61.80bn Domestic Debt (Apr 14) Rs 11036bn Repatriated Profit (Jul 13-Apr 14) $847mn 177 terrorists killed in NWA LSM Growth (Mar 14) -2.68% GDP Growth FY14E 4.10% Per Capita Income FY14 $1,386 Population 186.7mn Portfolio Investment SCRA(U.S $ in million) operation in two days Yearly(Jul, 2014 up to 13-Jun-2014) 371.20 Monthly(Mar, 2014 up to 13-Jun-2014) 76.22 Daily (13-Jun-2014) 0.01 NA opposition assures cooperation; Govt to take media into confidence: Pervaiz Rashid Total Portfolio Invest (30-May-2014) 5,134 NCCPL ISLAMABAD: The Pakistani deploying troops along its bor- East Turkestan Islamic border to check terrorists flee- agencies. (U.S $ in million) military on Monday said that der with neighboring agencies Movement terrorists and their Health ing from area and the Afghan They will remain at designat- FIPI (16-Jun-2014) 2.53 177 "terrorists have been and other tribal regions to block affiliates have also been killed National Army and Afghan ed places and whenever asked Local Companies (16-Jun-2014) -0.39 killed" in major military opera- any move of terrorists in and in the strikes." Border Police have also been by civil administration will be Banks / DFI (16-Jun-2014) -0.60 tion against the local and for- out of the Agency. The army described the yes- institutions requested to seal the border on employed in case of emer- Mutual Funds (16-Jun-2014) 1.21 NBFC (16-Jun-2014) -0.04 eign militant groups in North Releasing update about the terday's strikes as a massive their side to facilitate elimina- gency. Local Investors (16-Jun-2014) 3.90 Waziristan tribal region over casualties and other losses of blow to the terrorists and one of on alert tion of terrorists fleeing across According to ISPR, yester- Other Organization (16-Jun-2014) -6.61 the militants, the military said their main communication cen- PESHAWAR: In wake of the the border. day, jet aircraft's precise strikes Global Indices 7 killed in six hardcore Terrorists hideouts tre has been dismantled. North Waziristan operation, "They have also been in Degan-Boya in North Index Close Change the Khyber Pakhtunkhwa gov- KSE 100 29,651.04 79.82 ernment has put all hospitals Nikkei 225 14,933.29 164.55 exchange Imran backs, laments Terror alert for Hang Seng 23,300.67 18.50 and health institutions on high alert to meet any emergency, Sensex 30 25,190.48 37.69 of fire non-consultation foreigners, UN staffers ADX 4,783.38 48.19 said Health minister Shahram SSE COMP. 2,085.98 15.27 RAWALPINDI: Seven terror- ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan Tarakai. ISLAMABAD: Foreigners and UN staffers have been advised to FTSE 100 6,754.64 23.21 ists were killed in exchange of Khan said that his party is supporting military operation against Tarakai said that state of limit their movement in Islamabad amid threat of terrorist attacks. *Dow Jones 16,727.29 48.45 fire when trying to flee from terrorists in North Waziristan. emergency has been evoked in The alert has been issued by the Interior Ministry in the light of *Last Updated 20:00 PST cordoned off area in North Speaking to media persons outside the National Assembly, all health institutions of the intelligence reports. GDR update Waziristan Agency at 1745 Khan lamented that Khyber Pakhtunkhwa government, which province with immediate effect. According to sources, staffers of UN and other foreign missions Symbols $.Price PKR/Shares hours on Monday. would bear the burden of interlay-displaced people (IDPs) was Also, the health minister have been advised to limit their routine activities for the next three MCB (1 GDR= 2 Shares) 4.20 206.75 According to ISPR here, fire not consulted prior to the operation. said leaves of all the staff days and stay away from Jinnah Super, Kohsar and Super Market. OGDC (1 GDR= 10 Shares) 24.24 238.64 exchange took place in which "We must stand behind the army now as operation has already members of the provincial They have been asked to stay in the federal capital. UBL (1 GDR= 4 Shares) 2.50 61.53 two soldiers embraced martyr- begun," he stressed. "We pray that operation is successful and health facilities were The warning comes as Pakistan launched a fresh offensive LUCK (1 GDR= 2 Shares) 6.00 295.35 dom. - APP peace is restored." See # 1 Page 11 See # 2 Page 11 against Taliban militants in North Waziristan. - Online HUBC (1 GDR= 25 Shares) 14.53 57.22 the past two days. were destroyed by jet aircraft The spokesman said troops Ali. Money Market Update requested to initiate immediate Waziristan were very success- The security forces, backed early Mondayin Shawal area of have cordoned off all terrorists The spokesman said security measures to eliminate TTP ter- ful in which 140 terrorists were T-Bills (3 Mths) 11-Jun-2014 9.96% by fighter jets and gunships, North Waziristan Agency, bor- bases, including the main town has been beefed up in all major rorists and their sanctuaries in killed. Most of those killed are T-Bills (6 Mths) 11-Jun-2014 9.98% cities and towns and at sensitive T-Bills (12 Mths) 11-Jun-2014 9.99% launched offensive on Sunday dering Afghanistan. of Mir Ali and Miranshah, Kunar, Nuristan and other areas Uzbeks. Discount Rate 17-May-2014 10.00% on the direction of the govern- "In these precise strikes 27 headquarters of North installations across the country of Afghanistan." Many ETIM terrorists and Kibor (1 Mth) 13-Jun-2014 10.09% ment, saying the militant terrorists were killed. There is Waziristan. Seven fleeing ter- by civil administration. "Army Earlier, an ISPR press release their affiliates have also been Kibor (3 Mths) 13-Jun-2014 10.18% groups had staged a war on the no civil population in the area," rorists were killed on the out- troops have been alerted and reports said that there is no civil killed in the strikes. It was a Kibor (6 Mths) 13-Jun-2014 10.18% forward placed to assist law Kibor (9 Mths) 13-Jun-2014 10.44% state of Pakistan. a military spokesman said in a skirts of Mir Ali last night. "In a population in the area. massive blow to the terrorists Kibor (1 Yr) 13-Jun-2014 10.46% "Operation in North statement. separate sniper action by enforcement agencies. They will Security has been beefed up and one of their main commu- P.I.B (3 Yrs) 13-Jun-2014 12.08% Waziristan Agency is progress- He said on Sunday jet aircraft Special Service Group 3 terror- remain at designated places and in all major cities and towns nication centre has been dis- 13-Jun-2014 12.53% P.I.B (5 Yrs) ing as per plan. No operation in in precise strikes in Degan- ists were killed while laying whenever asked by civil admin- and at sensitive installations mantled. P.I.B (10 Yrs) 13-Jun-2014 12.91% istration will be employed in 13-Jun-2014 13.10% civil populated areas has been Boya in North Waziristan were IEDs close to Miranshah." across the country by civil The operation in North P.I.B (15 Yrs) case of emergency." P.I.B (20 Yrs) 13-Jun-2014 13.20% started so far," the army said, very successful in which 140 Three soldiers were injured administration. Waziristan Agency is progress- P.I.B (30 Yrs) 13-Jun-2014 13.30% adding North Waziristan terrorists were killed. "Most of Sunday night in exchange of He said security has been Army troops have been alert- ing as per plan. PMEX Commodity Index. Agency has been isolated by those killed are Uzbeks. Many fire with terrorists around Mir beefed up all along Pak-Afghan ed to assist law enforcement See # 3 Page 11 Opening 2,989 Closing 2,997 Change 8 COAS given detailed briefing on progress Clarify policy, demands Farhatullah % Change 0.27 PM to visit Volume (Lots) 7,972 Commodities NWA operation Tajikistan Zarb-e-Azb operation *Crude Oil (brent)$/bbl 113.02 *Crude Oil (WTI)$/bbl 107.00 today *Cotton $/lb 77.48 aimed at eliminating *Gold $/ozs 1,274.64 ISLAMABAD: Prime to purge country of *Silver $/ozs 19.68 Minister Nawaz Sharif will Malaysian Palm $ 749 visit Tajikistan for two days *GOLD (PMEX) PKR 40,847 terrorists: Raheel from today, and he will have terror, bring peace: PM KHI Cotton 40Kg PKR 7,288 RAWALPINDI: Chief of Army Staff Waziristan and 'get rid of the menace of talks with his host President *Last Updated 20:00 PST ISLAMABAD: Prime said the Prime ities to ensure the dia- (COAS) General Raheel Sharif said on terrorism.' Emomalii Rahmon, who has Minister Muhammad Minister said in a pol- logue process succeeds Open Mkt Currency Rates Monday that the ongoing Zarb-e-Azb Earlier on arrival at the National invited Pakistan's prime minis- Nawaz Sharif Monday icy statement in the as terrorism and peace Symbols Buy (Rs) Sell (Rs) operation in North Waziristan is aimed Defence University, General Raheel ter for the trip. apprised the National National Assembly. could not go along. Australian $ 93.10 93.35 at eliminating all terrorists and their Sharif was received by Lieutenant The talks will encompass Assembly that Zarb-e- He recalled that on He said it was a matter Canadian $ 91.25 91.50 subjects of bilateral interest, Danish Krone 17.85 18.00 sanctuaries in North Waziristan. General Javed Iqbal, President National Azb operation had been January 29 this year, he of regret and gloom that especially referring to Euro 134.50 134.75 General Sharif visited the National Defence University. launched to purge the announced to give peace despite exercise of great Hong Kong $ 12.60 12.75 Defence University and addressed par- He was given detailed briefing on the Afghanistan. country of terrorism, a chance and also consti- patience by the govern- Japanese Yen 0.980 1.010 ticipants of the National Security and progress of Operation Zarb-e-Azb. It will be first visit to any which would surely lead tuted a committee to hold ment, the carnage of chil- Saudi Riyal 26.40 26.65 War Course. There is a dire to eliminate While expressing his satisfaction over Central Asian states by Prime to peace and stability. constructive peace dia- dren, women and men Singapore $ 79.00 79.25 terrorism from the country, he held. preparation and progress of the opera- Minister Nawaz Sharif during By the will of Allah logue with the militants, continued, with acts of Swedish Korona 14.45 14.70 According to an ISPR press release, tion so far, COAS emphasized that all his current stint. Almighty, Zarb-e-Azb which was also endorsed destruction from Swiss Franc 109.75 110.00 the army chief's address focused on the terrorists along with their sanctuaries Tajikistan has been directly would continue till by the House. Islamabad district courts U.A.E Dirham 27.00 27.25 internal and external situation of the must be eliminated without any discrim- influenced by Afghan situation achievement of the He said he also called to Karachi airport. UK Pound 168.60 168.85 country with particular reference to the ination. See # 5 Page 11 ultimate objective, for an end to terror activ- See # 4 Page 11 US $ 99.50 99.75 ongoing operation in North Waziristan. The operation is not targeted against Inter-Bank Currency Rates The army chief emphasised that the our valiant tribes of North Waziristan Symbols Buying Selling TT Clean TT & OD operation is aimed to eliminate all ter- but against those terrorists who are Australian $ 92.12 92.31 rorists and their sanctuaries in North See # 6 Page 11 Canadian $ 90.31 90.49 Danish Krone 17.79 17.83 Firms warned to leave Pakistan Euro 132.71 132.98 Hong Kong $ 12.64 12.67 Japanese Yen 0.967 0.969 We're now in state Saudi Riyal 26.13 26.18 Singapore $ 78.36 78.52 Swedish Korona 14.74 14.77 Swiss Franc 108.94 109.16 of war: Taliban U.A.E Dirham 26.68 26.74 UK Pound 166.43 166.77 ISLAMABAD: Pakistani Taliban The Taliban spokesman warned in a US $ 98.45 98.64 Monday said the military operation in statement that the revenge attacks would North Waziristan has placed them in a be severe and the rulers would feel the Weather Forecast Cities Max-Temp Min-Temp state of war and that they would launch impact in capital cities. Islamabad 42°C 28°C revenge attacks. "We want to make it clear to the Karachi 36°C 30°C "We are in state of war" Pakistani Pakistani rulers that they would feel the Lahore 45°C 31°C Taliban said in a statement hours after impact of the operation they have Faisalabad 44°C 30°C the military launched a major offensive imposed on the people of the tribal Quetta 37°C 15°C Rawalpindi 43°C 29°C in North Waziristan. region." "We hold Prime Minister Nawaz The TTP spokesman claimed that the Subscribe now Sharif and the Punjab establishment for government has "destroyed" the people's Tel: 92-21-35311893-6 the losses in the ongoing operation," the quest for peace and has launched opera- Fax: 92-21-35388427 Email: editor@ thefinancialdaily.com spokesman for the Tehrik-e-Taliban tion on the behest of their Western www.thefinancialdaily.com Pakistan, Shahidullah Shahid said. See # 7 Page 11 2 NATIONAL Tuesday, June 17, 2014 Chamber chief demands army's deployment across Karachi Qutubuddin Karachi Operation undertaken by police department were not in a posi- Pakistan Rangers Sindh in associa- tion to restore peace as it requires KARACHI: President of the tion with Sindh Police has failed to stringent strategy to fully restore Karachi Chamber of Commerce and deliver positive results as the overall peace which can only be done by the Industry (KCCI), Abdullah Zaki, security situation, instead of show- army. while welcoming government's deci- ing signs of improvement, continued He was of the view that all pro- sion to deploy army in Islamabad to deteriorate. business policies and measures being and in some sensitive areas of He said that strategies adopted by initiated by the present government Karachi, Monday demanded that Federal and Sindh governments to attract investments in this region keeping in view the poor law and since September 2013 to restore will be wasted if Karachi city order situation of Karachi city, peace in Karachi proved to be futile remains insecure. troops of Pakistan Army should be which left no other option for the "Incidents of street crimes, kid- deployed across the city in order to business community but to demand napping for ransom, activities of completely cleanse the city from the intervention of Pakistan Army in bhatta mafia, robberies and target menace of terrorism and to effective- order to provide some relief to the killings have resurfaced in many ly deal with criminals. perturbed Karachiites who are living areas of the city whereas the LEAs KARACHI: Ex-president of Pakistan & Retd. Army Chief General Pervez Musharraf is presenting his book to Suhail In a statement issued, President their lives in extremely dire circum- seem helpless", he added. Mohd Al Zarooni, UAE businessman & Chairman, Al Zarooni Foundation at his residence in Karachi. -Staff Photo KCCI, Abdullah Zaki said that keep- stances. "It is heartening to note that President KCCI hoped that the ing army operation limited to sensi- the government has finally respond- present government, by realizing the tive areas only may not yield posi- ed to KCCI's demand and gave go gravity of the situation and the hard- Altaf hussain tive results. The patriotic troops of ahead to Pakistan Army but peace ships being faced by Karachiites, Pakistan Army, who have always can only be restored if army opera- considers KCCI's demand of extend- hails army PPP Sindh comes responded positively whenever tion is carried out across the city", he ing army operation to every corner Pakistan faces such threats, must be added. of the city in order to ensure endur- operation in deployed in every area of the city as Highlighting some of the short- ing peace in Karachi city which con- lawlessness is not just limited to sen- comings of Police department and tributes massive chunk of more than NWaziristan up with modern sitive areas but is being widely lack of necessary powers to Pakistan 60 percent to the national exchequer reported from every single locality. Rangers Sindh, Abdullah Zaki said and undoubtedly deserves to be KARACHI: MQM Chief Abdullah Zaki pointed out that that Pakistan Rangers Sindh and treated accordingly. Altaf Hussain has appre- ciated government's move media facility to take action against ter- Army rorists and supported KARACHI: Pakistan and a communication wing/team for dealing deployed in It's time to root out unconditionally to protect Peoples Party (Sindh),real- room. Every room and hall with all kinds of media country's physical and izing the increasing impor- has been fully furnished. issues more swiftly and city to help law philosophical assets an tance of media as the most Now, it provides the best effectively. MQM press release effective tool for propa- environment and logistics " Now-a-days, it is an enforcement issued here on Monday gating party's policies and support to print and elec- era of propaganda and terrorism: Shahbaz stance on the national tronic media, and to party very effective use of said. agencies issues, has transformed its officials. media. We, PPP Sindh, LAHORE: Punjab Chief the nation is proud of Earlier, Corps Altaf talking to former KARACHI: Army troops interior minister and PPP media centre near Bilawal Senator Saeed Ghani now own a best media cen- have been deployed here in Minister Muhammad their courage and brav- Commander Lahore House here. has personally supervised tre," the Senator claimed. Shahbaz Sharif has said ery, he added. Naveed Zaman held a Senator Rehman Malik the city to help Rangers and on telephone, said army Information Secretary, the entire modernisation of Abdul Lateef Mughal, Police in case of any eventu- that elimination of ter- He said that Pakistan meeting with Chief PPP Karachi Division, this centre till its comple- who seconds Senator rorism is imperative to was going through a crit- Minister Shahbaz Sharif had started operation on ality in the wake of the oper- government's directives Abdul Lateef Mughal told tion a few days back. Saeed Ghani to shoulder secure the future of ical phase and the enemy and discussed matters of APP here on Monday that During a recent visit by this responsibility, said a ation launched by the Army against the terrorists for Pakistan as well as to is bent upon damaging mutual interest and pro- the media centre , headed this scribe to the PPP very good team is working in North Waziristan an ISPR the sake of country's maintain peace in the the country adding that fessional activities of by Senator Saeed Ghani, media centre, Senator round-the-clock at the cen- spokesman told APP here integrity and sovereignty. society. all out measures would Pak Army. has been equipped with Saeed Ghani said the mod- tre. on Monday. He said all the political He said that the troops Presiding over a high be taken for the protec- Later, the Chief latest gadgets ernisation of the media He was hopeful that and religious leaderships deployment in the city has level meeting held here tion of life and property Minster presided over a including a recording facility is a part of PPP- this initiative will prove should support the opera- been made following on Monday especially of citizens while securi- meeting to review law studio and a monitoring Sindh's programme to re- very beneficial to the launching military operation attended by Corps ty arrangements would and order situation in the tion regardless of their hall with many TV sets, organise its media party.-APP against terrorists in North Commander Lahore Lt. be made foolproof. province. personal stakes. Waziristan as a preemptive General Naveed Zaman, He said that strict vigi- Provincial Ministers, He said federal and measure to help police and he said that time has lance would be ensured Chief Secretary and offi- provincial governments Rangers in case of any law come to get rid of ter- at entry and exit points cers concerned were also should take appropriate Engro Foods wins the and order situation that may rorism and the whole of the province. The CM present. security measures for arise in its aftermath. -APP nation was united and directed that law- Provincial Ministers public safety to prevent standing by its armed enforcement agencies Rana Sanaullah, Col. (R) any possible retaliation forces to foil nefarious should perform their Shuja Khanzada, from the terrorists during FT/IFC Transformational 'PPP not to designs of anti-Pakistan responsibilities with Director General on-going operation. He elements. mutual coordination and Rangers Punjab Maj. appealed to the public to support any He said that officers maintain a watchful eye Gen. Khan Tahir, keep an eye on any sus- and Jawans of Pak Army on suspects. General Officers pected element or any Business Award anti-democracy had always rendered The meeting decided Commanding, Chief abandoned baggage. alliance' great sacrifices for the to improve security Secretary Punjab, Meanwhile, former TFD Report Rehman, CEO Engro ers can walk in and bring country. arrangements at sensi- Secretary Home and sen- interior minister and PPP Foods said "This award is their milk to sell to Engro. LAHORE: Pakistan Armed forces of tive places and impor- ior officials of law- Senator Rehman Malik KARACHI: The for the impact that Engro Through a milk collection Peoples Party Parliamentary Pakistan have best pro- tant buildings through- enforcement agencies praised Altaf Hussain for International Finance Foods continues to create network present right at Corporation - member of on the communities it farmers' doorstep, on- Leader in Punjab Assembly, fessional abilities and out the province. were also present.-APP his stance and said other the World Bank Group - operates. Our emphasis farm training and techni- Qazi Ahmad Saeed has said political and religious announced the winners of on deploying inclusive cal guidance on farming the party would not support leaderships should follow an anti-democracy alliance. the 'Transformational business models with and milk production, him for the sake of coun- In a statement here on Business Awards 2014' - a stringent focus on devel- Engro is encouraging Sunday, he said the PPP had try's integrity. global competition. Engro opment and women smallholder farmers to played a vital role in restora- He said even the deci- Foods was awarded top empowerment has helped take up dairy farming on a tion of democracy and its sion to take action against prize in the category of us win amongst hundreds commercial basis. former leader Mohtarma the terrorists came much 'Achievement in Inclusive of competitors world- Earlier, in 2012, EFL Benazir Bhutto Shaheed had later but still was much Business Model' amongst wide. It's a great interna- received the G20 united political parties to a needed.-APP many other international tional honor for Pakistan Challenge on Inclusive platform and initiated a contenders. Engro Foods and its home grown insti- Business Innovation struggle. was honored for its phe- tutions." Award. He said that now democ- Dacoit gang nomenal growth and In order to further its In 2013, the computer racy had been restored and acknowledged for its impact at the base of pyra- world Honors Program, any step to derail the system ISLAMABAD: Federal Minister for Information, Broadcasting and National smashed, impact in development of mid, Engro Foods has which recognizes vision- would be dangerous for the Heritage, Pervaiz Rashid chairing a meeting in the Ministry of Information, people at the Base of established milk procure- ary applications of infor- country. Broadcasting and National Heritage. -APP 3 including Pyramid (BOP), women ment infrastructure in mation technology to pro- He said that alliances were empowerment activities, deep rural Pakistan and mote positive social, eco- made for a democratic sys- 2 women rural community develop- uses a management infor- nomic and educational tem, not for someone's own ment projects and effec- mation system to manage change, recognized EFL cause and the PPP believed tive use of technology. its procurement. The com- as a laureate for its in democracy, so it would Al-Azhar University arrested Speaking at the occa- pany has more than 1,800 EMAN- Engro Milk not protect someone's per- FAISALABAD: Women sion, Sarfaraz Ahmed locations to which farm- Automation Network. sonal interests.-APP police smashed a dacoit gang involved in house DDO held signs MoU with IIUI robberies and arrested its three members including Government forced to launch by NAB on ISLAMABAD: A- 4 It is also stated in MoU ulty members who are two women besides member delegation lead that cooperation of shar- serving IIUI and scholar- recovering stolen proper- fraud charges by Dr. Usama Al-Abid, ing information, academ- ships for the students of ty worth Rs 2 million operation in South Waziristan’ President Al-Azhar ics and research material, IIUI in Al-Azhar from their possession. KARACHI: A NAB intelli- University, Egypt visited publication would be University. On a tip-off, a police ISLAMABAD: cent people. state and there was need gence team Monday arrest- International Islamic made easy between both On the occasion of sign- team led by SHO women Parliamentary Secretary Rangha said that to highlight true percep- ed anex headmaster and University Islamabad the universities. ing ceremony of police SI Gulnaz raided for Information, Pakistan was facing tion of Islam in the eyes Deputy District Officer where both the universi- While addressing Dr. Memorandum of on a hideout of criminals Broadcasting and threat from the ideology of the world. Islam is Education (DDO) ties signed a MoU. The Usama in his remarks Understanding Rector and arrested dacoit Altaf National Heritage of such elements who religion of love, tolerance Government High School delegation comprising Dr. thanked and vowed that IIUI Prof Dr. Masoom resident Chak 69/G-B Mohsin Rangha were misinterpreting reli- and peaceful coexistence Rahimabad Shikarpur dis- Hamid Abu Talib, Ahmed this MoU would bring Yasinzai in his opening and his two women Monday said that if the gion. He called for unity but due to such narrow trict on charges of corrup- Adbul Aleem, and Dr. both universities more remarks welcomed the accomplices-Fatima w/o terrorists had accepted among the Muslims shun- minded people true per- tion, a press release issued Hassan bin Al-Safar was close to each other. He worthy guests and Allah Yar of Chak 69/G- the country's Constitution ning all differences in ception of the religion here by NAB Sindh said. received at new campus said this step also set a expressed his immense B and Sahiba Bibi d/o and not attacked the name was not coming to fore. It said that the official was IIUI. In accordance with line to strengthen the rela- pleasure over this con- Kameer of Lakhan tehsil, innocent people, the gov- of sectarianism. Rangha appealed to the involved in fraudulent with- the body of memorandum tions on diplomatic level. structive step. He hoped district Okara. The gang ernment would not have He said it was responsi- media to play pro-active drawal of fake GP Fund both the universities " Islam is a strong connec- this mile stone of mutual was involved in house been forced to launch bility of all segments of role in highlighting the amounting to Rs 2.93 mil- would promote institu- tion between us and on cooperation would pave operation in South society to play their role culture and heritage of lion during 2003 with the robberies. tional cooperation in the this base we are joined the way towards educa- Waziristan. in presenting the true face the country as our new connivance of other officials Police team on identifi- field of uplifting educa- with each other ". Rector tional harmony. While addressing chief of the country and the generation was facing of Education department cation of Altaf recovered tion and research. The Al-Azhar maintained. Dr. Rector said as AL- and District white gold ornaments guest at Madrasa Media religion before the inter- identity crisis. Accounts Officer IIUI and AL-Azhar Usama Azahar is prestigious uni- worth Rs 2 million from Workshop here, Rangha national community, and He asked the religious Shikarpur. He will be pro- University agreed to assured maximum sup- versity and has well name his house. said that the government Ulema and scholars could scholars to become duced before the exchange of faculty mem- port in respect of all the in the world; IIUI also fol- CPO has announced wanted to resolve the play vital role in this active on social media Accountability court here bers and students for fields of education. He lowing the footprints of cash prizes and certifi- matter peacefully through regard. and promote the teach- for getting his physical jointly organized study also announced extension Al-Azhar in developing cates for police team. - talks, but the terrorists He said that media was ings of Holy Quran and remand.-APP courses. of stay of Al-Azhar's fac- and flourishing. -PR APP continued to attack inno- an important pillar of the Sunnah. APP NATIONAL 3 Tuesday, June 17, 2014 Int'l Ulema conference on polio eradication concludes ISLAMABAD: A two-day vaccine is not harmful for health and health of our children is not only our International Ulema Conference on no element of harram is in its ingre- social responsibility but a moral and Polio Eradication to overcome the dient. religious obligation as well. barriers to vaccination in the country The conference also discussed Islamic scholars can play a leading concluded here yesterday. guidance on strategies that can effec- role in educating the parents to fulfill Prominent Ulema and religious tively overcome current situation their obligations to ensure a healthy scholars from the country and aborad and political challenges to polio and happy life of their children." participated in the conference to eradication in Pakistan. She said that it is high time to elimi- make a strategy for having effective Addressing the participants, nate concerns of those circles, who polio immunization mechanism. Minister of State for National Health consider polio eradication campaign as The purpose of the conference was Services, Regulations and dubious thing and they never accepted to bring together the religious lead- Coordination, Saira Afzal Tarar said campaign of polio eradication. ers and apprise them about the chal- that polio eradication campaign can During two-day conference, an in- lenges of polio eradication in be made result oriented with the sup- depth discussion was held with KARACHI: Sindh Governor Dr. Ishratul Ebad Khan, Sindh Chief Minister Syed Qaim Ali Shah, Pakistan, particularly with respect of port and guidance of Ulema. focus on specific issues to eradica- Corps Commander Karachi Lieutenant General Sajjad Ghani and DG Rangers Sindh Maj. General Rizwan mis-information in the name of reli- She said that Ulema's role is very tion and immunization of polio from gion, which has resulted fears in cer- important in making public opinion Central, Khyber-Pakhtunkhwa, Akhtar during meeting at CM House. -APP tain communities. and creating awareness in masses. FATA and some areas of Karachi and The participants in the conference Saira Afzal Tarar said that provi- Quetta. Traders discussed in detail the role of Ulema sion of health facilities is top most A joint statement was issued at in reaching children in the inaccessi- priority of present government and it the end of the conference. Those demand Govt's prudent policies ble areas with focus on North and is focusing on protection of citizens Ulema who attended the confer- South Waziristan. from lethal diseases and solution of ence including Maulana Hanif slaughterhouse They also discussed the root-caus- various health problems including Jalandhari and Allama Tahir away from es of the barrier between vaccinators eradication of polio. Ashrafi. President Islamic have put economy back and children with focus on Karachi She said, "In order to make Development Bank, representa- Islamabad besides discussion on current situa- Pakistan a developed country we tives of Islamic Fiqh Academy, Al tion of polio eradication and why must emerge as a healthy nation." Azhar, World Health Organization ISLAMABAD: Local and where children are un-reached. She underscored for administration (WHO) and Focal Person of Prime traders here Monday called on right rack: ICCI The participants also discussed of polio vaccine drops to children for Minister's Polio Eradication Cell upon the CDA to avoid constructing slaughter- ISLAMABAD: President, He hailed the announce- led government has also how to eliminate the concerns of becoming a healthy nations. Ayesha Raza Farooq attended the Islamabad Chamber of ment of Finance Minister, tried to remove the distor- Ulema and ensure them that polio She said, "Safeguarding the conference.-APP house in the middle of city as it would make the envi- Commerce and Industry, Ishaq Dar in which he pre- tions and exemptions ronment unhygienic and Shaban Khalid has said dicted an increase of for- under the SROs regime Huge number create more problems for that prudent policies and eign reserve to the tune of and provided a level play- the citizens. farsightedness of the 15 billion dollars by July ing field to the industry. of foreign Pakistan can utilize UK President, ICT Chamber incumbent government this year. He further, mentioned of Small Traders and Small has put back the economy Shaban said that it was a about the special incen- terrorists Industry Islamabad Khalid of country on right track. positive development as tives that have been given present in as springboard to reach Mian said the construction In an exclusive inter- Pakistan's foreign reserves to the exporters, agricul- of slaughterhouse in H-9 view Shaban Khalid remained low during the ture sector, textile and IT NWA: Sector, which is in the mid- expressed his satisfaction last few years however, industry to harness the full dle of city, would be an over the deliberations now an increase in the potential of the Country. Governor EU market: Barton anti-citizens project. made by the government reserves has been wit- The government's poli- and said that this is the nessed. cies will ensure growth in SIALKOT: British High ond in earning foreign the UK, Scotland is all Its construction would PESHAWAR: Governor badly affect the health of first time that all the stake He said that govern- agriculture and value Commissioner to exchange through its set to host another major holders including ment's measures for the added exports, he added. of Khyber Pakhtunkhwa, Pakistan Philip Barton exports and remittances. sporting event in July: residents of surrounding Sardar Mehtab Abbassi, areas up to many kilome- Chambers, industry repre- promotion of 3G and 4G "If the government will has said that Pakistani He said,I have been the Glasgow 2014 sentatives and trade asso- technologies are really continue to squeeze the said that a huge number of businesses community impressed by Sialkot's Commonwealth Games. I ters as the fat melting and foreign terrorists is present bones processing plants in ciations have been con- appreciable that will gen- already existing tax can use the United business leaders, striving wish team GB and team sulted prior to budget erate considerable base then those who pay in North Waziristan Kingdom as a spring- to boost Pakistan's eco- Pakistan all the very best the facility would cause Agency, who has destroyed more smell in the area, he preparation and their gen- employment opportunities taxes will get discouraged board to access the wider nomic and trade links for the Commonwealth uine concerns have been in the country. and will try to evade tax the tribal structure and EU market. with the world. The busi- Games, the envoy added. said in a press release social values. issued. taken care of in the budget ICCI president observed payment," Shaban said . Barton said this during nesses community in The British High document, well in that in the budget govern- Shaban Khalid said, the While talking to media his visit to Sialkot here Sialkot can use the Commissioner visited the He appealed to the here in Peshawar, he said, Chairman CDA to shift this advance. ment has included special government should Monday. United Kingdom as a Sialkot Chamber of Shaban Khalid said that schemes for the youth and broaden the number of "We will not let the terror- project out of the city and During his time in one springboard to access the Commerce and Industries economic policies of the to help the poor. tax payers' list instead of ists to destroy tribal areas cautioned that if it was con- of Pakistan's largest wider EU market, after and met officials includ- current government are He said that we have squeezing the same tax anymore. While talks were structed within the city, the industrial hubs, the High the signing of a trade ing the Chamber good that will yield posi- proposed measures to pro- payers. He said the gov- in the run between govern- residents and traders would Commissioner held a agreement under GSP+. President, Dr. Sarfraz tive result in long term. mote a culture of filing tax ernment under leadership ment and terrorists, even launch a protest against it. range of trade related The innovative prod- Bashir, to talk about He urged that the gov- returns in the country to of Prime Minister, then the terrorists did not He said a slaughterhouse meetings with prominent ucts manufactured by potential trade opportuni- ernment should broaden bring into net rich people Muhammad Nawaz stop attacks on government was constructed in Humak business leaders. skilled artisans here are ties for British firms. the number of tax payers' who are not paying their Sharif has put the country and military installations." Town, near Kakpul at a dis- Barton said, ?I am very also famous around the He also visited the list instead of squeezing due taxes. on road to progress and He further said that the tance of few hundred yards pleased today to be visit- UK. The Scottish bag- Surgical Instruments the same tax payers. He added that PML-N prosperity.-APP political and military lead- ing the vibrant industrial pipes produced by M. H. Association of Pakistan from Muhammad Ali erships are on the same city of Sialkot, the birth- Geoffrey & Company are and the M. H. Geoffrey Jinnah University. But stu- page against the terrorists. place of Dr. Allama one example of the & Company, famous for dents of MAJU feel great He added that bases are Muhammad Iqbal, the strong cultural and busi- manufacturing Scottish problems due to its stench made in and outside national poet of Pakistan. ness links between the Bagpipes, and Malik which reaches their class Pakistan, Britain Pakistan by the terrorists This city has an impor- UK and this part of Sports, one of Pakistan's rooms. -APP which needed to be wiped tant trading role in Pakistan. largest manufacturers of out. Terror plans are made Pakistan's economy and After the memorable cricket and hockey beyond the borders of after Karachi ranks sec- London 2012 Games in equipment.-Online Operation have deep-rooted Pakistan. Meanwhile, he said, "North Waziristan opera- after failure tion has increased our Armed forces fighting friendly ties: CM responsibilities. We are of dialogue: worried about the civilians' ISLAMABAD: Punjab social sectors. comprehensive pro- loss and will try to end Mushahid Chief Minister He said that School gramme to develop a operation as soon as possi- war for security of Muhammad Shahbaz Reforms Roadmap skilled workforce to meet ble."-Online ISLAMABAD: Pakistan Sharif said that Pakistan Programme is being suc- the market needs. He said Muslim League-Nawaz and Britain have deep cessfully implemented in that 20 lakh persons will Central Secretary rooted historical and Punjab with the coopera- be imparted vocational Genetically Information Senator motherland: Pervez friendly ties. tion of British Department training during next four Mushahidullah Khan said British High for International years. engineered on Monday said the gov- Commissioner in Pakistan, Development and is yield- The Chief Minister said ISLAMABAD: Minister his firm resolve to fight the nationalism to counter ernment had started the for Information and terrorists and said that extremist narrative as the Philip Barton met Punjab ing positive results. that a massive healthcare Banana to go operation against terrorists Chief Minister He said that the scope of programme is also being Broadcasting and National operations against terror- terrorist were enemies of after the failure of dialogue Heritage (IB&NH) ists will continue till they Pakistan. He appealed to Muhammad Shahbaz Skills Development started with the collabora- through first process. Sharif, here Monday. Programme started in four tion of DFID which will Senator Pervaiz Rashid are eliminated.The minis- media to keep national Talking to the media out- Monday said that the ter said that entire nation interest of the state Matters of mutual interest districts of South Punjab leave a positive impact on human trial side the Parliament House, and bilateral relations were with the collaboration health sector. armed forces are fighting a must provide full support supreme and show a great he said the difficult deci- ISLAMABAD: Australian discussed in the meeting. DFID has been extended British High war to protect the integrity to armed forces to defeat deal of responsibility sion was to bre taken keep- researchers announced Talking to the British to 18 districts while it will Commissioner Philip and security of the state, the enemy. while covering operation ing in view the supreme Monday that a super- under the directions of As a democratic govern- in North Waziristan. High Commissioner, the be further expanded to all Barton, while speaking on interest of the country. enriched genetically engi- Prime Minister ment, we opted for the The minister emphasized Chief Minister said that districts of the province. the occasion, said that neered banana to improve Muhammad Nawaz Sharif. strategy of dialogue but on effective liaison and Mushahidullah said ter- Britain is a big trading He said that thousands of Chief Minister the lives of millions of peo- He said this while chair- lack of sincerity and coordination between rorism was a complicated partner of Pakistan and is male and female youth Muhammad Shahbaz ple in Africa will soon have ing a high level meeting hypocrisy on the part of ISPR and Ministry of issue and it would take extending commendable have been imparted skills Sharif is rendering com- its first human trial and will here, which was attended other side disrupted the IB&NH to ensure dissemi- time to resolve. He called cooperation for the devel- under Skills Development mendable services for the test its effect on vitamin A by Dr Nazir Saeed, whole process, Senator nation of authentic infor- upon the nation and the opment of different sec- Programme. welfare and betterment of levels. Secretary IB&NH, Major Pervaiz Rashid stated. He mation and to dispel any political parties to join tors. He said that Britain is He said that skilled people of the province. He "The project plans to General Asim Saleem said that they continued misleading perception. hands for addressing the cooperating with Punjab workforce plays a key role said that Britain will con- have the special banana Bajwa, DG ISPR and other their terrorist attacks in Senator Pervaiz Rashid issue of terrorism and bring government for the uplift in the development of a tinue to cooperate with varieties- enriched with senior officials of the spite of ongoing peace also directed the Principal normalcy to the country.- of education, vocational country therefore Punjab Pakistan for the uplift of alpha and beta carotene Ministry of IB&NH. process and also denied Information Officer to APP education, health and other government has evolved a social sectors.-Online which the body converts to "Our brave soldiers are the responsibility for these establish a crisis commu- vitamin A- growing in sacrificing their lives attacks. nication cell and 24 hour Uganda by 2020," the today to secure our tomor- The minister also urged help line in PID to extend researchers said, Daily row" the minister the whole media to support to internally dis- Assassin of two Mail reported. remarked. He expressed demonstrate a streak of placed persons. -APP "The bananas are now being sent to the United States, and it is expected persons arrested that the six-week trial ISLAMABAD: Tarnol arrested alleged persons measuring how well they police Islamabad has arrested involved in this case but one lift vitamin A levels in a proclaimed offender want- of the assassin. humans will begin soon," ed to police in murder of two Shaukat Khan son of they added. persons over a land dispute, a Mansab Dar managed to "Good science can make police spokesman said. escape which was declared a massive difference by According to details, two as proclaimed offender. enriching staple crops such persons were assassinated SSP Islamabad as Ugandan bananas with pro-vitamin A and provid- through firing on June 16, Muhammad Ali Nekokara ing poor and subsistence- 2013 at `Nogazi' area of assigned the task to all heads farming populations with Tarnol police station over of police stations to ensure nutritionally rewarding property dispute. arrest of proclaimed offend- food," said the project The local police registered ers following which efforts leader Professor James QUETTA: Chief Justice of Pakistan Mr. Justice Tasadduq Hussain Jilani addressing at the case under section were expedited to trace the Dale. -APP launching ceremony of book on anti terrorism compiled by Balochistan High Court. -APP 302/324/148/149 PPC and culprits. -Online 4 Tuesday, June 17, 2014

The Financial Daily International Editor-in-Chief: Azfar Ashary Deforestation of Pakistan, a serious Editor: Shakil H Jafri Executive Editor: Manzar Naqvi Editor-at-Large: Muhammad Arif Honorary Advisory Board threat to global environment Tariq Iqbal Khan, FCA S. Muneer Hussain Rizvi through the worldly famed Karakorum either sides of the KKH discerns array- forests. Nevertheless this is a statistics of Highway (K.K.H.). This highway is a ing the habiliment of verdant trees. But couple of years back that the proportion Haseeb Khan, FCA Hasan Raza (U.S.A) token of friendship midst Pakistan and now the truth and responsibility is other of deforestation in Pakistan is more than Asim Abbas Ashary, CPA Prof. Zakaria Sajid (KU) China government. However, this strate- way round and one can only behold the 100 kilometres per year. Such plunder- Akhtar M. Zaidi, FCA Munawar Naqvi gically most important road of the world denuded mountains of Karakorum & ing and drastic situation is definitely is remote, tortuous and perilous, owing Himalayas on the sides of the road. misbalancing the ecology of environ- Dr. A. Hadi Shahid, FCA Ismat Sabir to very little attention of the authorities Beside these the unlettered and unaware ment. Perhaps it is not so simple task to Head office of NHA, especially the part of the road strata of masses with the assistance of requital and redresses the depredated 111-C, Jami Commercial Street 11, Phase VII, DHA Karachi Abdullah Shah from thakot up to Raikot Bridge area is timber mafia are still extremely busy in pyrrhic natural resources. Moreover, it Telephone: 92-21-35311893-6 Fax: 92-21-35388428 completely dilapidated. A year back I depredation & deforestation of very lim- was learnt that some special species of URL: www.thefinancialdaily.com Pakistan is a country which is abun- have experienced to travel by road on ited remaining resources of the forests of trees take many decades for growing Email Address: [email protected] dance of natural resources, fascinating, the KKH from Islamabad to Gilgit city the country. Aftermath on our investiga- from sprout to their adolescence level. If Lahore office & picturesque indelible spots. It is one of with my own family. However after a tion the fact was divulged upon us that we will meticulously deliberate upon the 24- Peshawar Block, Fortress Stadium, Lahore the few countries on the map of the protracted consultation with my family according to the international statistics prevailing circumstances certainly we Telephone: 92-42-6675595 Fax: 92-42-6664349 world where at the same time we can members, it was unanimously decided to the proportion of the forests of a country can understand that not only the environ- Email Address: [email protected] experience each four season of the commence our journey from Islamabad ought to be consisted 25% of their total ment of Pakistan perhaps the environ- globe. For instance in the summer sea- onward through Harripure-Hazara, possessed land area. But it is tale of woe ment of the world is also in mortal dan- son the temperature of our cosmopolitan Abbottabad, Mansehra, Thakot and that the forest presently existing in ger, whereas it is the matter of penitence city Karachi remains near around 35 to Besham. Amid our travelling we have Pakistan is pervading over less than five that the responsible personals are inert 40 centigrade on the mercury scale, at enjoyed the fascinating views from percent of it is total possessed land area. in such alarming situation. Thus it is the Zarb-e-Azb the same time in the some of our Islamabad up to Besham. By virtue the If we will cast a cursory glance on the need of time that steps ought to be taken Northern parts of Pakistan the mercury tarmac road in between was maintained other side of scenario, the reality will hastily to prevent our remaining natural As anticipated, after one year government of PML-N came shows the temperature below 20 degree properly by the NHA authorities. As the reveal the truth. The population explo- resources as well as our beautiful planet up on clarity and announced military operation named as centigrade. It is ironical that in spite of second part of our journey from Besham sion of our country is gradually playing from the fatal consequences of defor- Zarbe-e-Azb. This step has evaporated the predictions of the abundance of natural resources onward the road was full of potholes, an important role in the augmentation of estation. Now it is also demand of the those who were saying that Military and Government are which are magnanimously gifted to bumps and craters. Veritably, it was pos- the environmental pollution of Pakistan time that a serious stratagem should be not on one page. It must be remembered that by training Pakistan by the nature, yet the managers ing serious threats to the passing vehi- which is unexpectedly and rapidly dete- evolved to attain environmental military takes decision then and there but politicians do take of the country could not make fructuous, cles, especially for the small vehicles riorate & devastating the environment of favourable corollaries. Furthermore it is some time on the basis of pressures receiving from different yielding & worthwhile in favour of our and their passengers. It was really an the country in particular & global envi- mandatory that the related personals segments of the society. people. It is the hoodoo that many of our agonising suspense and distressing situ- ronment in general. Indeed it is the mat- may take serious action against those The Mullah faction always supported Taliban and their compatriots roving all over the world ation that at various places on the road ter of grave concern for the prudent and proponents involved in the destruction Islam with confused statements. But now finally the things but ignorant of the beautiful places of side right from Besham up to the Juglot mentors of the society, that the depleting of the ecology of natural resources. have been made clear. First one is that no dialogue will be our own country. area, in between it becomes the distance forests becoming core issues of increas- Moreover without wasting time hastily done with those who are killing innocent Pakistanis. Second Apart from its natural attraction the of approximately 350KM, a great deal of ing temperature, untimely rains, floods afforestation campaign should also be one is that there is no good or bad Taliban, all are one. Third area has some of negative impacts as timber was laying everywhere . We per- & droughts. Furthermore the implica- commenced to save our green planet for well; it comprised outskirt and rugged ceived that prevailing situation deriding tions of deforestation are also causing our posterity. one is to get complete writ on Waziristan and fourth one is mountainous regions. Indeed the peri- and ridiculing the helplessness of law massive destructions of flora & fauna of to eradicate pockets of Talibans in Pakistan getting support patetic's may encounter some unexpect- enforcing authorities in the hands of tim- the country which are the basic ingredi- Editor Pakistan Special from Madrasahs. Finally all religious places to be get freed edly ordeals amid their travelling ber mafia. A decade back mountains on ents for nourishing and flourishing of e-mail: [email protected] from so called Jihadis. This would bring peace on our bor- ders and ultimately bring prosperity in Pakistan. Zarb-e-Azb in Urdu means "sharp and cutting"."Azb" also refers to the name of the sword of the Islamic Gold could go to $1,500 ProphetMuhammad (PBU), which he used in the Battle of Badr and the Battle of Uhud. Lawrence Lewitinn per ounce on Wednesday. said. Ross sees gold's break below its that won't last. All major political parties including PPP, MQM and ANP "Of course, there's a chance 150-week moving average as technical- "Even though we're in a benign inter- has supported the move. Only PTI with right wing religious It's one thing to say gold is going [Gundlach] could be right and gold ly significant. Since the start of 2013, est rate environment in the U.S. - and parties are looking confused. The air in balloons of Sh higher. But, when Jeffrey Gundlach, could go higher," said Richard Ross, the 150-week moving average has been certainly within Europe and Japan - I do Rasheed and Qadri would also burst soon. By selecting the manager of the $49 billion Double global technical strategist at Auerbach relatively flat, near the $1,525 level. think that in the U.S., rates will likely name of Zarb-e-Azb the government and military have Line, says he thinks gold could hit Grayson. "But, there's very little in the "You've got to get through 1,400 start to trend higher by the end of the clearly indicated that rival Taliban's are nothing but Kuffar- $1,500 per ounce by the end of this short-term technical to suggest that before you can trade 1,500, clearly," year or into 2015," said Sanchez, a e-Makah. This is a great move. year, that's something people pay atten- move has begun in earnest." said Ross. "And, in the shorter term, CNBC contributor. "That's not great for Meanwhile, the Jamaat-i-Islami (JI) emerged as the only tion to. Gold has been trading in a range you've got through 1,270 before you gold. We don't see a ton of inflation. If party that opposed the operation outright, expressing fears In a webcasted presentation called between $1,180 and $1,400 for much of can trade 1,400. So, there are a lot of ifs anything, maybe there are some defla- that only innocent people and not terrorists will bear the "Penny for Your Thoughts", Gundalch the past year, notes Ross. For the short- and buts here in that argument. We real- tionary pressures, particularly in noted the 96 percent reduction in the term, he is keeping an eye on the ly need to see a base breakout before Europe." brunt of the violence. But JI should tell that in spite of no U.S. dollar's purchasing power since $1,270 line, which is close to the cur- we can call this a base." Gold needs to feed on something, operation whether daily killed people were Pakistanis or the Federal Reserve Bank was estab- rent 150-day moving average. "A break Gina Sanchez, founder of Chantico said Sanchez, but she doesn't see a lot citizen of some other country. lished a century ago, likening the end of back above that level could set us up for Global, said that while there's a possi- of major economic pessimism or infla- The move of Zarb-e-Azb is timely in the wake of the gold standard to the silver debase- a retest of that resistance around 1, bility that gold could go higher, she tion worries. Afghanistan new president who is considered not in favor ment of the Roman denarius from 64 to 400," said Ross. thinks the chances are low. The World "I'm not sure that I see why gold, of Pakistan and retrieval of NATO forces from Afghanistan 270 AD. During the question and However, that range should be seen in Bank's reduction of global growth from except for some short-term reasons, in the next half of this year. answer period, Gundlach said he the context of the longer-term chart, 3.2 percent to 2.8 percent may cause might pop a little," added Sanchez. Another development taking place in Middle East is very thought gold could move to $1,500 this according to Ross, a "Talking some flight-to-safety buying of bullion. To see the full discussion on gold, serious. After withdrawal of USA from Iraq ISIS - the year. Numbers" contributor. "We're still in a And, global interest rates are low, with Ross on the technical and Islamic State of Iraq and Syria - have swept mercilessly The last time gold was at $1,500 was downtrend from the highs that we which traditionally augurs well for the Sanchez on the fundamentals, watch through Iraq and now have the capital in the grip of a in April, 2013. Gold traded at $1,260 established back around 1, 900," he yellow metal. But, Sanchez believes the above video. vicious pincer movement. The insurgents mostly Al-Qaida and getting color of Shia Sunni conflict had reached the town of Balad, just 55 miles China housing slump sparks north of Baghdad, and the battle rages there, as Iraq's lead- ers bid to save the capital from being overrun, as many other Iraqi cities already have. As the battle for Baghdad loomed, the U.S. yesterday ordered aircraft carrier George H?W Bush to move to the fears for economy Persian Gulf for possible air strikes against the militants, Joe McDonald the financial side." steel, furniture and kitchen appli- to an estimate by the China while Iranian president Hassan Rouhani suggested the two Nationwide, sales fell 7.7 percent ances. Within a decade, the majority Household Financial Survey and traditional enemies may work together to defend Iraq, say- Six months ago, China's housing in the first quarter from a year earlier of city dwellers lived in privately Research Center at the Southwestern ing: 'When the U.S. takes action against [the militants], then market was so red-hot that Feng to 1.1 trillion yuan ($176 billion), owned homes. University of Finance and one can think about cooperation.' Xiaowei, a sales manager at a real according to government data report- With few other investment options Economics. That was based on data It is astonishing to note that the eldest daughter of fallen estate agency in the eastern city of ed by the official Xinhua News in China's state-dominated economy, gathered by researchers who visited dictator Saddam Hussein has praised ISIS's bloody attacks Hangzhou, rarely took a day off. Agency. E-House China R&D families with money bought multiple 28,000 properties in 2011-13 and in Iraq, saying she is happy to see their 'victories'. Then lending and sales curbs Institute, a research firm in Shanghai, properties. Spending was boosted staying in touch with owners by Raghad Hussein, 47, (below) who lives in luxurious exile in imposed by the government to cool said the volume of unsold new hous- further by the flood of stimulus phone, said one of the report's Jordan's capital Amman, has said the fighters are aided by soaring housing costs started to bite ing in 35 cities rose in May to a five- money Beijing sent coursing through authors, Yi Daichun. former military chiefs and soldiers who supported the and business evaporated. Now Feng year high. the economy after the 2008 global Regulators say China's real estate Ba'ath party that lay behind her father's regime. and the seven salespeople he super- Some buyers have staged protests crisis. slowdown is different from the U.S. The USA and other think tanks in Europe are predicting that vises spend the day playing cards. after seeing developers cut prices of Prices have risen so high that an 85 crash in 2008. They say banks face within some time these conflicts would create 17 or 18 "There are no buyers," said Feng, similar units in the same complex by square meter (920 square foot) apart- little risk because mortgages are countries in the Middle East with Saudi Arabia in to 7 dif- 24. "We take three days off a week. up to 20 percent from what they paid ment in an average Beijing neighbor- small and most buyers pay cash. ferent states. Such rumors were spread in 2005 when Iraq We go out for barbecue and play months earlier. hood can cost 4.5 million yuan Private sector analysts warn, how- was under control of USA. Whether they are right or wrong poker." In Hangzhou and another city, ($725,000) - the equivalent of more ever, that real estate plays such an but these developments are going to create some impacts. China's house prices have marched Nanjing, buyers who want a refund than 180 years of income for the outsized economic role that any Pakistan is part of this region so it has to remain very vigi- higher for 15 years, helping to drive of the difference between what they average Chinese person. decline will rattle other industries. lant in this respect. an economic boom but making home paid and the current price stormed Alarmed by complaints about soar- Lending for mortgages or to devel- On suspected militant hideouts in the tribal areas the army ownership unaffordable for many showrooms and smashed models of ing costs and warnings China faced a opers is 20 percent of outstanding bank loans, and that share doubles if was widely seen as being opposed to the dialogue because families. Now a slump is dragging apartment complexes, according to possible real estate bubble, leaders down economic growth that already Xinhua and other media. In began tightening controls in 2010. credit to construction and other relat- of the heavy casualties it has sustained at the hands of the ed industries is added, according to TTP, which views them as a mercenary force serving for- was slowing. Some analysts worry Guangdong province, near Hong They raised minimum down pay- banks might be shaken if developers Kong, unhappy owners in one com- ments to as much as 70 percent of the Barclays economist Jian Chang. eign interests. But following the breakdown of the talks and Many investors think that China the Karachi attack, observers believe both civil and military default on loans. plex blocked entrances so customers purchase price and imposed quotas The slowdown should fit the couldn't see units being offered at on how many apartments one cus- will not come out of the property authorities are converging on the need for more concerted downturn unscathed and some expect action. Communist Party's ambition to nur- lower prices. tomer could buy. ture growth based on domestic con- Feng, the sales manager, said he Prices that had been rising at dou- a "large credit event that could crip- An ISPR press release on June 16 states that 140 militants - sumption instead of trade and credit- used to sell at least two properties a ble-digit annual rates started to ple the economy and financial sys- mostly Uzbek - were killed in precise air strikes in Degan- fueled investment. But the timing is month, in addition to those sold by decelerate this year. In May, surveys tem," said Chang in a report. Boya area of North Waziristan. awkward, with demand for China's his staff, but there have been no sales by real estate companies said prices At least seven developers have "Many East Turkestan Islamic Movement (ETIM) terrorists exports and growth in consumer in the past month. slipped by 0.1 percent to 0.3 percent defaulted on loans or stopped projects due to financial trouble this year, and their affiliates have also been killed in the strikes. It spending both weaker than expected. "There is just too much housing in from April's level, the first decline in according to Chinese news reports. was a massive blow to the terrorists and one of their main That is forcing the government of Hangzhou," he said. "That's why the two years. Fitch Ratings says real estate is the communication centers has been dismantled," the ISPR President Xi Jinping into a politically price is going down." Su Xiaoling, a sales manager in "principle source of risk" to the sta- states. delicate balancing act. It wants to The boom took off in the late 1990s Shanghai, bought an apartment in bility of China's financial system. "We will rid the country of terrorists," Army Chief General discourage speculative investment when then-Premier Zhu Rongji start- February for 1.8 million yuan Longer term, analysts see strong Raheel Sharif says, speaking about the operation in North and increase supplies of low-cost ed selling housing owned by the gov- ($300,000) as an investment. demand from millions more rural Waziristan. He adds that the operation will continue until all housing without allowing prices to ernment or state companies in which "There might be some correction in terrorists are eliminated. Chinese who are expected to move fall, which would alienate prosperous almost all urban Chinese lived. the short term, but it does not mean I into cities. But that might not come The Sindh Assembly passes a unanimous resolution, support- city dwellers, a pillar of ruling party Many families traded up to newly lose money as long as I do not sell ing army operation in North. This is the way which is required soon enough for some developers and support. Banks were ordered in May built apartments. Ancient neighbor- it," said Su, 33. "I can wait." the construction companies and oth- from all political parties and media to support Zarb-e-Azb. to prop up the industry with more hoods of narrow lanes and one- and Investors who own multiple apart- ers that depend on them. lending. two-story homes in Beijing and other ments often leave them vacant while "China's property market faces a Disclaimer: "They don't want to get into a situ- cities were demolished to make way they wait for prices to rise, prompt- difficult period," said Duncan Innes- All reports and recommendations have been prepared for your information only. ation where prices are going into for 20- and 30-story apartment tow- ing complaints by would-be renters Summary and Analysis are not recommendation to buy or sell. This information should Ker of the Economist Intelligence only be used by investors who are aware of the risk inherent in securities trading. The negative territory," said economist ers. In the suburbs, farms were about lack of supply. Unit in a report. "Property investment facts, information, data, indicators and charts presented have been obtained from sources Brian Jackson of IHS Economics. replaced by sprawling complexes of China had 49 million such vacant believed to be reliable, but their accuracy and completeness cannot be guaranteed. The is already falling, but it will have to Financial Daily International and its employees are not responsible for any loss arising "There are stability concerns related 5,000 and more units. apartments in August, or 22.4 percent contract even more sharply if a severe from use of these reports and recommendations. to that on the social side and also on Sales drove demand for cement, of the total of 218 million, according drop in prices is to be avoided." Tuesday, June 17, 2014 5 SE Asia stocks most weaker; Thai Belka tape hits Polish assets, energy shares up on strong oil Iraq, Ukraine weigh

KSE-100 Index Iraq, Ukraine Opening 29,730.86 Closing 29,651.04 fighting keeps US stocks Change 79.82 % Change 0.27 KSE down 80 markets on edge Turnover (mn) 129.59 LONDON: Fighting in Iraq and move higher LSE-25 Index Ukraine drove a global shift into Opening 5,871.76 traditional safe-haven curren- Closing 5,813.48 points on TTP cies, precious metals and bonds Change 58.28 on Monday, and kept oil near a amid big deals, % Change 0.99 nine-month high. Turnover (mn) 1.26 The nervous mood also spread to share markets where the ISE-10 Index Nikkei in Tokyo saw its biggest operation fall in a month and European Iraq violence Opening 4,469.32 bourses were deep in the red for Closing 4,454.90 Ghulam Raza Rajani in favour of bears. Out of 346 eign and local terrorists. NEW YORK: US stocks Ireland. Change 14.42 the third time in four days. scrips, 86 scrips advanced, 229 Economic uncertainty, ISIS Monday moved higher in early Medtronic dropped 1.8 per- % Change 0.32 Worries about Iraq were inten- trade as investors weighed cent, while Covidien surged Turnover (mn) 0.24 KARACHI: Dreary activities declined while the value of 31 advance in Iraq and US mili- sifying after Sunni insurgents were observed at the Karachi scrips remained intact. tary options to combat insur- gloomy headlines of more vio- 20.8 percent. from the Islamic State of Iraq lence in Iraq with news of US telecom operator Level 3 Major Gainers Stock Exchange (KSE) on the The ready market volume gency impacted the sentiments. and the Levant (ISIL) seized a major corporate acquisitions. Communications announced first day of the week due to decreased by 0.8 per cent to Taxi scheme announcement in mainly ethnic Turkmen city in Symbol Close Change About 35 minutes into trade, plans to buy Internet business COLG 1,863.86 88.75 profit taking on account of start 210.59 million shares as com- Punjab provincial budget '14 the northwest of the country the Dow Jones Industrial provider TW Telecom in a deal SHEZ 844.50 34.50 of operation against TTP. pared to 212.34 million shares led support in selected auto over the weekend. HINO 568.68 27.08 The benchmark KSE-100 traded on last trading day. sector scrips. Limited foreign It continued to drive fears Average added a scant 2.51 worth $7.3 billion. points (0.01 percent) to Level 3 said the deal would NATF 778.70 24.25 index was down by 79.82 Fauji Cement topped the list interest, global markets fall on about widespread turmoil in the 16,778.25. solidify its position as a global BATA 3,344.00 21.57 points to close at 29,651.04 of actives; higher by Rs 0.37 at Iraq fears and concerns for cir- country and the region. Iraq is The broad-based S&P 500 communications provider by points. KSE All Share Index Rs 20.44 on 10.46 million cular debt in energy sector oil cartel OPEC's second largest Major Losers rose 3.63 (0.19 percent) to adding substantial TW Telecom decreased by 96.37 points to shares, followed by Quice played a catalyst role in bearish producer and Brent was up 0.3 1,939.79, while the tech-rich operations and assets in North Symbol Close Change end at 21,947.21, KSE 30- Food down by Rs 0.01 at Rs activity." percent to $112.70 per barrel in RMPL 10,830.00 -570.00 London, although it was a some Nasdaq Composite Index America. Level 3 dropped 5.9 Index lower by 28.80 points to 8.56 on 8.12 million shares, The overall market capital- advanced 10.47 (0.24 percent) percent, while TW Telecom WYETH 4,500.01 -152.99 conclude at 20,377.67, whereas Bank of Punjab down by Rs ization down by Rs 42.32 bil- distance from Friday's nine- MUREB 992.25 -45.75 month high of $114.69. at 4,321.12. rose 7.0 percent. KMI 30-Index drop by 88.37 0.21 at Rs 9.37 on 6.59 million lion to Rs 7.011 trillion against Sectarian fighting continued Pipeline giant Williams PMPK 734.29 -20.94 points to finish the day at shares. Rs 7.054 trillion observed on "I think investors are starting to look at this in terms of global in Iraq, as militants pushed an Companies jumped 20.6 per- PAKT 1,360.00 -20.00 47,640.70 level. Other actives were National last trading day. risk aversion," said Stuart advance on Baghdad and cent after announcing it would Samar Iqbal, equity dealer at Bank decrease by Rs 0.04 at Rs Colgate Palmolive and Top 5 Volume Leaders Culverhouse, chief economist at reportedly killed more than a buy the remaining 50 percent Topline Securities "local 61.70 also on 5.95 million Shezan International remained emerging market specialist bro- thousand Shiite soldiers in a interest in Access Midstream Symbol Close Vol (mn) bourse witnessed dull trading shares and TRG Pakistan drop the top gainer by Rs 88.75 and kerage Exotix. massacre that has drawn inter- Partners, giving it 100 percent FCCL 20.44 10.47 session with falling volumes of by Rs 0.52 at Rs 15.05 on 4.97 Rs 34.50 to close at Rs "Clearly it is a fairly fluid and national condemnation. of the asset. Williams said the QUICE 8.56 8.12 130mn shares (value Rs6.8bn). million shares. 1,863.86 and Rs 844.50 dangerous situation, but if there US industrial production deal would give it major stakes BOP 9.37 6.60 Decline in global equity mar- According to Ahsan Mehanti, respectively, while Rafhan is a significant deterioration in grew 0.6 percent in May, slight- in big shale oil and gas assets. NBP 61.70 5.95 kets and start of military opera- director at Arif Habib Maize and Wyeth Pakistan events, then that is pretty much a ly above the analyst forecast of Williams will also boost its div- TRG 15.05 4.97 tion forced market participants Corporations, "Stocks battered were the major loser which lose-lose for everyone." a 0.5 percent rise, due to strong idend 32 percent. Access Active Issues to stay cautious. " amid thin trade at KSE on con- lost Rs 570 and Rs 152.99 to The rising oil prices and mining growth. Midstream Partners fell 1.3 Plus 86 The advance to decline ratio cerns for outcome of Pak Army close at Rs 10,830 and Rs shrinking risk appetite weighed On the merger and acquisi- percent. Minus 229 in the broader market remained military operation against for- 4,500 respectively. on emerging Asian currencies tion front, US medical-device Bond prices were unchanged. Unchanged 31 particularly, with the rupee hit- maker Medtronic will buy its The yield on the 10-year US ting a five-week low and the Irish-based competitor Treasury held steady at 2.60 Sector Updates rupiah and the South Korean Covidien for $42.9 billion in a percent, the same level as FERTILISER European stocks won also withering. deal that will expand Friday. The 30-year was also It was a boon for safe-havens Medtronic's product offerings flat at 3.41 percent. Bond 000 tonnes though. Among the major cur- Urea Offtake (Jan to April 13) 1,655 and enable it to pay lower taxes prices and yields move rencies the yen and Swiss franc by shifting its headquarters to inversely.-Agencies Urea Offtake (April 13) 314 rose , while gold hit its highest Urea Price (Rs/50 kg) 1,711 slide on Iraq, in nearly three weeks at DAP Offtake (Jan to April 13) 193 $1,279.80 an ounce. DAP Offtake (April 13) 52 UKRAINE STRAINS Indian shares DAP Price (Rs/50 kg) 3,880 Iraq wasn't the only source of AUTOMOBILE ASSEMBLER concern either. Hopes of Ukraine uncertainty Ukraine coming off the boil mark lowest close PAK SUZUKI MOTOR were dashed after pro-Russian Units LONDON: European stocks The news weighed on Wall a source of higher inflation," separatists shot down a Production (July 12 to May 13) 69,669 fell on Monday as news that Street, which opened lower. said O'Keeffe. Ukrainian army transport plane, in 1-1/2 week; Iraq, Sales (July 12 to May 13) 69,286 Islamist insurgents swept fur- Five minutes into trade, the Investor sentiment was killing all 49 military personnel Production (May 13) 8,044 ther into Iraq and Russia cut Dow Jones Industrial Average plagued by concerns about sim- on board. Economic salvos also resumed Sales (May 13) 7,126 supplies of gas to Ukraine sent fell 0.28 percent to 16,728.99. mering tensions between jitters through world markets, The broad-based S&P 500 Ukraine and Russia. as Russian gas exporter Ukraine on watch Gazprom said Ukraine had INDUS MOTOR CO analysts said. dipped 0.14 percent to Moscow cut the flow of gas MUMBAI: Indian shares fell for inflation in May accelerated to Production (July 12 to May 13) 32,679 to Ukraine on Monday after failed to adhere to a deadline to In mid-afternoon deals, 1,933.37, while the tech-rich a second straight session on a five-month high of 6.01 per- Sales (July 12 to May 13) 32,904 London's FTSE 100 index of Nasdaq Composite Index lost last-ditch talks failed to end a pay at least some of its gas Monday to their lowest close in cent, driven up by higher food Production (May 13) 3,930 top companies dropped 0.29 0.15 percent at 4,303.98. dispute over debts that threat- debts. Kiev will now have to pay 1-1/2 weeks on risk aversion and fuel costs, government data Sales (May 13) 3,613 percent to 6,757.87 points. Oil prices advanced Monday ens to disrupt supplies to up front, suggesting supplies among investors due to tensions showed. Frankfurt's DAX 30 slid 0.15 on the back of the worsening Europe for the third time in a could be cut. HONDA ATLAS CAR in Iraq and Ukraine, with domes- "Iraq and Ukraine will lead to percent to 9,898.49 points and in crisis in Iraq, the second- decade. That saw both Russian and Production (July 12 to May 13)18,966 tic-oriented stocks such as at least 2-3 percent correction Paris the CAC 40 index shed 0.33 biggest oil exporter in the 12- While Russia is continuing to Ukraine assets fall sharply. Sales (July 12 to May 13) 18,928 Larsen & Toubro Ltd taking a hit. in the market ahead of interim percent to 4,528.15 compared nation OPEC producer group, ship gas to Europe via Ukraine, Moscow's dollar-denominated Brent crude rose above $113 budget in July. The trend, how- Production (May 13) 2,136 with Friday's closing levels. where insurgents were advanc- the EU's executive arm warned RTS index dropped as much as per barrel to a near nine-month ever, remains up and it's best to Sales (May 13) 2,392 "Global equities are under ing on the capital Baghdad. Kiev needs to boost its reserves 2.5 percent as Gazprom shares high as Sunni insurgents buy on declines," said U.R. BANKING SECTOR pressure as tensions escalate in Anti-government fighters, led by about a third to ensure the slumped, while Ukrainian and advanced in Iraq, intensifying Bhat, managing director, Scheduled bank (Rs in mn) Iraq and the full impact of a by the powerful Islamic State flows continue safely. the rouble and hryvnia tumbled potential increase in oil prices of Iraq and the Levant (ISIL) Ukraine receives half its gas as well. concerns over a potential dis- Dalton Capital Advisors, which Deposit (June 7,13) 6,866,463 starts to weigh on the market," jihadist group, claim to have from Russia and, importantly, "The next big question is ruption in oil exports, while advises foreign investors in Advances (June 7,13) 3,467,789 said Rebecca O'Keeffe, head of killed scores of Iraqi soldiers in transports 15 percent of the fuel whether there will be any new Ukraine also added to India. Investments (June 7,13) 3,960,321 investment at online stockbro- a massacre that has drawn consumed in Europe. sanctions on Russia, probably investors' concerns. The benchmark BSE index Spread (April, 13) 6.19% ker Interactive Investor. international condemnation. Kiev was dealt a further blow more likely from the US," said Some investors said rising closed down 0.15 percent, or OIL MARKETING CO The uncertainty fuelled by the Brent crude for August deliv- on Monday when dozens of Viktor Szabo a fund manager at crude oil prices coupled with 37.69 points, at 25,228.17. insurgents and concerns over ery rose 34 cents to $112.80 per Kalashnikov-wielding pro- Aberdeen Asset Management. potentially weak monsoons The broader NSE index fell (000 tons) the impact of sent traders into barrel on Monday, having Russian rebels seized the central FED FOCUS could push up domestic infla- 0.11 percent, or 8.55 points, to MS (July 12 to Apr 13) 2,686 safe-haven assets such as gold. jumped at one point on Friday bank building in the eastern sep- The dollar slipped about 0.2 tion and aggravate India's cur- 7,542.10. MS (Apr 13) 289 The International Monetary to $114.69 -- the highest level aratist stronghold of Donetsk. percent to 101.89 against the rent account deficit, prompting Both the indexes marked Kerosene (July 12 to Apr 13) 130 Fund fuelled the gloom, slash- since September 2013. "Tensions have also escalat- in-demand yen to leave it near them to pare down some posi- their lowest close since June 5. Kerosene (Apr 13) 13 ing its 2014 growth forecast for "A substantial rise in oil ed over the weekend, with a two-week low, while bets the tions after record highs hit on Also, investors remained JP (July 12 to Apr 13) 604 the United States to 2.0 percent prices could be particularly promises of retaliation after US may end up raising interest Wednesday. cautious awaiting direction JP (Apr 13) 68 from 2.8 percent and urging damaging to the still fragile the shooting down of a plane rates after Britain saw the Also, contrary to the modera- from a US Federal Reserve HSD (July 12 to Apr 13) 5,391 policymakers to keep interest global economic recovery, as in Lugansk," added pound climb to 5-year high of tion in India's consumer price meeting that concludes on HSD (Apr 13) 619 rates low. both a tax on oil consumers and O'Keeffe.-Agencies $1.70.-Agencies index, wholesale price-based Wednesday.-Agencies LDO (July 12 to Apr 13) 32 LDO (Apr 13) 3 Fuel Oil (July 12 to Apr 13) 6,940 Fuel Oil (Apr 13) 675 Dhiyan Law & order to set market's fate Ahmed Siddiqui Others (July 12 to Apr 13) 31 Others (Apr 13) 4 PRICES (Ex Refinery) Rs Farhan Mansuri Syed Salman Ahmed MS (1 Jun 13) 67.88 VP Capital Markets, Arif Habib Limited Head of Sales, Aba Ali Habib Securities MS (1 May 13) 65.95 Market is expected to remain Market may look to move with slug- MS % Chg 2.93% range bound with low volumes. gish to range bound attitude and low Kerosene (1 Jun 13) 71.34 volumes in short period. Weak law & Kerosene (1 May 13) 71.65 Ongoing development on law & Kerosene % Chg -0.43% order front can ignite selling pres- order and action of Army against JP-1 (1 Jun 13) 71.60 Taliban may play an important part in JP-1 (1 May 13) 71.91 sure in the market. On other hand if Law & order state remain stable chances market progress. If condition of JP-1 % Chg -0.43% Karachi go bad to worse it may lead to technical JP-8 (1 Jun 13) 71.34 are high that market may regroup for bulls. correction. Start of new corporate results may JP-8 (1 May 13) 71.65 Upcoming announcement season may set JP-18 % Chg -0.43% help market to regroup for upward momentum. HSD (1 Jun 13) 76.22 the tone for future transition. Today market Better economic indictors may also boost market HSD (1 May 13) 77.51 is may observe technical correction. growth. Today market can witness range bound- HSD % Chg -1.66% Investors are advised to remain cautious Fuel Oil (1 Jun 13) 62,277 ed trading day with low volumes. Investors are Fuel Oil (1 May 13) 62,431 and adapt to wait and see policy. advised to refrain from making fresh positions. 6 Tuesday, June 17, 2014

Market Symbols KSE 100 Index All Share Index KSE 30 Index KMI 30 Index MTS LEVERAGE POSITION Volume 129,590,030 Advanced 86 Current 29,651.04 Current 21,947.21 Current 20,377.67 Current 47,640.70 Symbol Total Volume Total Value MTS Rate Decline 227 High 29,780.79 High 22,081.70 High 20,425.16 High 47,803.62 AHCL 777,000 18,928,630 15.27 Value 6,830,161,290 Unchanged 31 Low 29,626.57 Low 21,939.28 Low 20,313.37 Low 47,512.80 AICL 1,361,600 55,000,458 16.04 AKBL 3,491,500 54,986,820 16.81 Trades 54,166 Total 344 Change i79.82 Change i96.37 Change i28.80 Change i88.37 ATRL 653,600 122,128,815 14.72 BAFL 8,186,700 198,078,968 16.34 OIL AND GAS FOOD PRODUCERS ELECTRICITY BAHL 10,000 368,999 - Paid up Paid up Paid up BOP 16,354,500 128,195,850 17.91 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 CHCC 584,500 32,667,158 16.05 DAWH 260,000 15,935,310 14.61 Attock Petroleum 829 10.50 580.02 580.00 578.00 579.00 -1.02 9,100 Abdullah Shah Ghazi Sugar 793 12.14 6.15 5.34 5.34 5.34 -0.81 500 Altern Energy 3634 - 19.60 19.00 19.00 19.00 -0.60 1,000 DGKC 2,188,500 161,940,818 15.06 Attock Refinery 853 5.41 225.16 225.00 220.01 220.91 -4.25 619,000 Adam Sugar 173 3.46 22.11 22.30 22.01 22.01 -0.10 2,000 Hub Power XD 11572 6.83 56.82 57.30 56.50 56.96 0.14 705,500 EFOODS 802,500 71,280,908 14.09 Burshane LPG 226 15.76 36.62 38.30 37.20 37.66 1.04 22,000 AL-Noor Sugar 205 - 38.00 37.01 37.01 37.01 -0.99 500 Ideal Energy 80 - 6.00 6.24 6.22 6.24 0.24 1,000 BYCO Petroleum 9779 - 12.80 12.89 12.40 12.42 -0.38 4,270,500 ENGRO 1,258,400 202,056,764 14.96 Chashma Sugar 287 1.69 11.50 12.12 11.50 11.75 0.25 8,000 Japan Power 1560 - 3.12 3.22 3.00 3.01 -0.11 747,500 Mari Gas Company 919 13.48 370.92 389.46 362.00 389.46 18.54 1,488,000 FABL 9,283,000 125,769,004 16.85 Clover Pakistan 94 - 88.00 90.90 85.00 90.90 2.90 4,000 K-Electric Ltd. 7932 35.79 8.67 8.76 8.52 8.59 -0.08 3,710,000 National Refinery 800 6.08 221.00 221.50 219.00 219.13 -1.87 45,500 FATIMA 3,485,500 86,513,571 15.46 Oil & Gas Development 43009 9.57 247.49 247.50 246.10 246.55 -0.94 104,800 Colony Sugar Mills 990 5.98 7.66 7.65 7.60 7.65 -0.01 6,000 Kohinoor Energy 1695 8.44 40.88 40.75 40.75 40.75 -0.13 2,500 P.S.O 2717 8.12 414.86 413.70 410.00 411.67 -3.19 953,300 Data Agro 40 - 14.10 14.15 13.70 14.15 0.05 1,000 Kot Addu Power 8803 6.82 59.00 59.00 58.61 58.88 -0.12 154,500 FCCL 3,518,500 58,628,052 16.12 Pak Oilfields 2365 10.39 560.07 569.80 557.00 566.40 6.33 272,400 Dewan Sugar 365 - 3.40 3.64 3.40 3.45 0.05 51,000 Nishat Chunian Power Ltd XD 3673 5.17 38.76 38.25 37.75 37.88 -0.88 216,000 FFBL 179,500 5,830,387 15.00 Pak Petroleum 19717 8.13 219.35 220.00 217.51 218.06 -1.29 1,500,600 Engro Foods Ltd. 7666 30.66 106.44 106.75 104.01 104.26 -2.18 842,500 Nishat Power Ltd XD 3541 4.39 34.38 34.50 34.09 34.10 -0.28 1,436,000 FFC 105,900 10,011,276 15.47 Pak Refinery Limited 350 4.89 163.22 171.38 162.00 171.38 8.16 59,500 Faran Sugar 250 4.14 36.40 36.10 35.61 35.61 -0.79 9,500 Pakgen Power Ltd 3721 3.44 18.77 19.00 18.61 18.77 0.00 520,500 HUBC 4,720,700 227,851,351 14.01 Shell Pakistan 1070 - 309.66 318.50 304.00 307.70 -1.96 1,347,100 Habib Sugar 750 24.99 36.30 37.60 35.42 35.98 -0.32 68,000 Sitara Energy Ltd 191 3.36 34.00 34.50 34.00 34.00 0.00 6,000 LUCK 60,600 19,552,881 15.97 Haseeb Waqas 324 - 5.95 6.14 6.00 6.03 0.08 4,000 Southern Electric 1367 - 2.35 2.35 2.31 2.32 -0.03 94,000 MCB 82,700 21,087,907 16.96 CHEMICALS J D W Sugar 598 99.27 206.51 208.99 200.00 204.50 -2.01 400 Tri-star Power XD 150 29.69 2.04 1.90 1.90 1.90 -0.14 8,000 MLCF 2,898,500 76,227,019 17.31 Paid up Mehran SugarXDXB 320 5.58 106.00 102.00 101.50 101.73 -4.27 3,500 NBP 3,882,500 200,281,198 15.23 Company Cap(mn) PE Open High Low Close Chg Volume Mirpurkhas Sugar 123 6.86 64.75 62.00 61.52 62.00 -2.75 2,500 GAS WATER AND MULTIUTILITIES Mirza Sugar 141 - 2.89 2.81 2.76 2.76 -0.13 1,000 NCL 1,470,400 55,072,118 15.07 Bawany Air 75 1.62 7.61 7.94 7.70 7.70 0.09 29,500 National Foods 518 41.16 754.45 792.17 750.00 778.70 24.25 24,900 Paid up PIOC 647,500 25,179,363 17.99 Biafo Ind 200 9.28 131.75 131.00 131.00 131.00 -0.75 2,000 Noon Pakistan XR 52 - 44.80 45.96 45.96 45.96 1.16 500 Company Cap(mn) PE Open High Low Close Chg Volume PKGP 257,500 4,126,958 - Dawood Hercules 4813 201.57 73.01 73.00 70.00 70.55 -2.46 173,500 Pangrio Sugar 109 - 3.25 3.25 3.25 3.25 0.00 1,500 PPL 396,300 73,979,065 15.80 Descon Chemical 1996 - 3.41 3.43 3.22 3.27 -0.14 5,000 Punjab Oil 54 15.12 99.50 99.80 94.53 99.80 0.30 8,500 Descon Oxychem Limited 1020 - 6.35 6.31 6.24 6.28 -0.07 14,000 Sui North Gas 6342 9.88 23.74 23.85 23.10 23.22 -0.52 2,253,000 PSO 1,201,500 418,352,343 15.16 Quice Food 522 - 8.57 9.04 8.49 8.56 -0.01 8,123,000 Dewan Salman 3663 - 2.28 2.33 2.27 2.30 0.02 140,000 Sui South Gas 8809 14.29 35.71 36.45 35.11 35.45 -0.26 4,227,000 PTC 2,502,500 61,727,697 16.02 Rafhan Maize 92 60.11 11400.00 10830.00 10830.00 10830.00 -570.00 180 Dynea Pak 94 5.36 47.00 47.00 47.00 47.00 0.00 4,000 SNGP 2,312,000 46,009,911 14.81 Engro Corporation Ltd 5170 19.44 190.75 191.80 189.25 190.12 -0.63 1,076,700 Sanghar Sugar 119 - 24.40 25.62 25.62 25.62 1.22 10,000 Engro Polymer 6635 14.25 14.48 14.45 14.20 14.25 -0.23 237,500 Shahmurad Sugar 211 13.21 28.56 28.00 27.15 28.00 -0.56 4,000 BANKS SSGC 8,437,500 238,941,595 14.97 UBL 414,000 60,664,397 14.94 Fatima Fertilizer 21000 8.91 28.99 29.00 28.38 28.51 -0.48 232,500 Shakarganj Mills 695 3.97 18.50 18.35 18.27 18.27 -0.23 2,500 Paid up Fauji Fertilizer 12722 7.78 113.22 113.50 112.50 112.67 -0.55 287,600 Company Cap(mn) PE Open High Low Close Chg Volume Total 84,981,500 3,080,833,004 15.43 Fauji Fertilizer Bin Qasim 9341 7.35 38.57 38.65 38.45 38.53 -0.04 117,000 Ghani Gases Ltd 743 10.62 26.22 26.69 26.01 26.03 -0.19 79,000 HOUSEHOLD GOODS ICI Pakistan 924 38.99 377.33 380.00 377.00 377.00 -0.33 6,400 Paid up Allied Bank Limited 11451 12.07 130.50 131.50 128.30 130.00 -0.50 11,500 UPTO 100 VOLUME Lotte Chemical 15142 13.32 7.77 7.77 7.55 7.59 -0.18 2,015,000 Company Cap(mn) PE Open High Low Close Chg Volume Askari Bank 12603 13.58 18.86 18.93 18.40 18.47 -0.39 1,187,500 Mandviwala 74 - 3.30 3.60 3.20 3.32 0.02 6,000 Symbols Open High Low Close Change Vol Apna Microfinance Ba 300 - 6.00 6.39 6.00 6.00 0.00 3,000 Nimir Ind Chemical 553 50.14 25.77 25.80 24.49 24.57 -1.20 545,500 ATBA 450.50 455.00 455.00 455.00 4.50 100 Hala Enterprise 68 - 20.99 21.44 20.51 20.63 -0.36 7,500 Bank Alfalah 13492 8.93 28.69 28.79 28.40 28.49 -0.20 1,368,500 Sitara Chem Ind 214 5.99 282.05 283.99 280.00 282.09 0.04 16,900 LINDE 176.75 167.92 167.92 176.75 0.00 100 Sitara Peroxide 551 - 14.23 14.25 14.01 14.02 -0.21 125,000 Feroze 1888 Mills Limited 3768 21.45 70.30 68.00 68.00 68.00 -2.30 4,000 Bank AL-Habib 11114 9.70 44.25 44.25 44.17 44.25 0.00 296,500 United Distributors 184 0.79 18.25 18.16 18.16 18.16 -0.09 1,000 Pak Elektron 2949 40.59 26.57 26.72 25.80 25.98 -0.59 1,119,500 Bank Of Khyber 10004 6.10 8.00 8.30 8.10 8.30 0.30 72,000 SHEZ 810.00 844.50 844.50 844.50 34.50 50 Tariq Glass Ind 735 12.02 32.56 32.85 32.30 32.45 -0.11 37,000 Bank Of Punjab 15551 3.03 9.58 9.60 9.32 9.37 -0.21 6,596,000 SIEM 1,355.00 1,369.99 1,368.99 1,368.99 13.99 40 BankIslami Pak 5280 - 10.14 10.74 10.19 10.55 0.41 114,000 FORESTRY AND PAPER NESTLE 8,100.00 8,100.00 8,100.00 8,100.00 0.00 20 PERSONAL GOODS Faysal Bank 10433 14.29 16.31 16.30 15.95 16.00 -0.31 1,010,500 WYETH 4,653.00 4,500.01 4,500.01 4,500.01 -152.99 20 Paid up Paid up Habib Bank Ltd 14669 13.37 187.63 189.99 186.15 187.13 -0.50 171,800 Company Cap(mn) PE Open High Low Close Chg Volume Company Cap(mn) PE Open High Low Close Chg Volume Habib Metropolitan Bank 10478 11.12 32.00 32.74 31.41 32.03 0.03 587,000 JS Bank Ltd 10725 18.31 5.93 6.03 5.81 5.86 -0.07 859,000 BOOK CLOSURES Century Paper 1219 12.17 57.50 57.85 54.63 55.03 -2.47 115,500 (Colony) Thal 56 - 6.50 6.04 6.00 6.04 -0.46 1,500 KASB Bank Ltd 19509 - 1.78 1.80 1.74 1.74 -0.04 53,000 Company From To Div/Bonus Spot Date AGM/ Pak Paper Product XD 60 8.16 51.78 52.00 51.00 51.00 -0.78 4,000 Ali Asghar Textile 222 - 4.53 4.55 4.50 4.50 -0.03 1,500 MCB Bank Ltd XD 11130 15.54 303.50 304.00 301.00 303.44 -0.06 150,900 /Right EOGM Security Paper 494 7.56 71.10 72.00 72.00 72.00 0.90 2,000 Amtex Limited 2594 - 3.88 4.00 3.78 3.79 -0.09 133,500 Meezan Bank 10027 36.65 41.95 41.50 41.05 41.05 -0.90 22,000 Artistic Denim 840 10.52 92.00 91.01 87.90 88.29 -3.71 23,000 National Bank 21275 7.98 61.74 62.35 60.85 61.70 -0.04 5,951,500 Honda Atlas Cars 17-Jun 26-Jun 30(F) 09-Jun 26-Jun Aruj Industries 62 5.31 15.50 14.75 14.70 14.70 -0.80 10,000 INDUSTRIAL METALS AND MINING Hinopak Motors 21-Jun 27-Jun 377.4(F) - 27-Jun Asim Textile 152 2.49 16.31 17.05 16.88 16.88 0.57 2,500 NIB Bank 103029 11.65 2.33 2.39 2.32 2.33 0.00 494,500 Paid up Associated Serv 36 9.35 8.88 8.30 8.30 8.88 0.00 500 Samba Bank 10082 85.75 6.88 7.00 6.85 6.86 -0.02 39,000 Exide Pak 23-Jun 30-Jun 75(F) - 30-Jun Company Cap(mn) PE Open High Low Close Chg Volume Azgard Nine 4493 1.15 6.38 6.44 6.20 6.22 -0.16 856,000 Silkbank Ltd 26716 - 2.14 2.20 2.14 2.15 0.01 654,500 Mari Petroleum 27-Jun 03-Jul 10(II) -- Bata (Pak) 76 27.21 3322.43 3344.00 3344.00 3344.00 21.57 160 Soneri Bank 11025 11.17 13.51 13.48 13.40 13.40 -0.11 22,000 Indications Crescent Steel XD 621 3.76 46.92 47.00 46.35 46.41 -0.51 57,500 Bilal Fibres 141 4.66 10.74 10.40 9.75 10.40 -0.34 5,500 Stand Chart Bank 38716 16.34 25.00 25.10 24.50 25.00 0.00 366,000 Dost Steels Ltd 675 - 4.35 4.21 4.20 4.20 -0.15 3,500 Blessed Tex Mills 64 2.90 159.65 152.06 152.05 152.05 -7.60 300 Summit Bank Ltd 10780 - 3.86 3.98 3.69 3.73 -0.13 2,875,000 # Extraordinary General Meeting Inter.Steel Ltd. 4350 67.00 22.17 22.39 22.10 22.11 -0.06 29,500 Brothers Textile 98 13.23 9.91 10.10 9.55 9.66 -0.25 6,000 United Bank Ltd 12242 12.71 174.75 177.89 173.01 176.30 1.55 2,085,700 International Ind 1199 11.46 49.60 50.81 49.00 50.31 0.71 74,000 Chakwal Spinning 400 2.83 9.10 10.10 10.00 10.10 1.00 6,000 Siddiqsons Tin 785 - 7.35 7.38 7.21 7.24 -0.11 58,500 Chenab Limited 1150 - 6.39 6.44 6.16 6.16 -0.23 51,500 BOARD MEETINGS Chenab Ltd Pref 800 - 2.43 2.50 2.31 2.32 -0.11 218,000 NON LIFE INSURANCE Company Date Time CONSTRUCTION AND MATERIALS Colgate Palm 480 51.53 1775.11 1863.86 1795.00 1863.86 88.75 460 Crescent Fibres Ltd 124 1.79 32.30 31.10 31.10 31.10 -1.20 500 Paid up Fauji Cement 18-Jun 10:30 Paid up Crescent Jute 238 - 2.93 3.10 3.00 3.00 0.07 11,000 Company Cap(mn) PE Open High Low Close Chg Volume Atlas Income Fund 18-Jun 4:00 Company Cap(mn) PE Open High Low Close Chg Volume Crescent Textile 492 9.56 22.29 22.09 21.40 21.51 -0.78 66,500 Dynea Pak Ltd 20-Jun 9:30 D S Ind Ltd 600 2.39 4.32 4.39 4.23 4.39 0.07 12,000 Adamjee Insurance 3500 9.36 47.84 47.76 47.15 47.25 -0.59 569,400 TPL Trakker Ltd 20-Jun 11:00 Dawood Lawrencepur 591 27.21 123.00 120.80 120.10 120.80 -2.20 7,500 Johnson & Phillips (Pak) Ltd 20-Jun 11:30 Attock Cement 1145 7.58 158.53 159.00 158.00 158.08 -0.45 6,900 Dewan Farooque Spinning 978 276.92 3.65 3.60 3.60 3.60 -0.05 1,000 Ask Gen Insurance 388 4.80 19.00 19.25 19.00 19.00 0.00 19,000 Balochistan Glass Ltd 1716 - 6.25 6.25 6.00 6.05 -0.20 3,000 Dewan Khalid Textile 57 2.00 9.70 9.75 9.75 9.75 0.05 500 Atlas Insurance 702 9.00 60.49 60.49 60.00 60.49 0.00 1,500 Pak Oilfields 25-Jun 10:30 Berger Paints 182 40.67 61.52 61.00 60.05 60.19 -1.33 16,500 Dewan Textile 135 1.33 9.00 8.99 8.05 8.43 -0.57 6,500 Crescent Star Insurance 620 - 5.40 5.05 5.00 5.01 -0.39 2,500 Unilever Pak Foods Ltd 26-Aug 2:30 Buxly Paints 14 - 38.60 38.60 38.60 38.60 0.00 500 Ellcot Spinning 110 2.62 74.50 77.90 74.99 77.90 3.40 3,000 Cyan Limited 586 3.71 82.00 81.00 81.00 81.00 -1.00 1,000 Cherat Cement 1051 5.23 67.96 68.50 67.01 67.29 -0.67 433,500 Dadabhoy Cement 982 - 4.50 4.50 4.26 4.40 -0.10 47,500 Faisal Spinning 100 3.21 168.48 167.00 162.00 163.50 -4.98 300 EFU General Insurance 1600 9.58 122.98 123.00 122.00 122.92 -0.06 10,500 OTHER SECTORS Dewan Cement 3891 6.39 7.62 7.70 7.50 7.60 -0.02 673,500 Fazal Cloth 300 5.23 150.15 157.65 143.00 145.00 -5.15 1,400 Habib Insurance 619 8.19 16.48 16.49 16.01 16.14 -0.34 9,500 DG Khan Cement Ltd 4381 6.77 89.82 91.50 89.20 91.12 1.30 3,701,500 Gadoon Textile 234 6.21 274.00 279.69 260.30 263.05 -10.95 147,700 IGI Insurance 1227 37.92 230.79 232.00 225.50 227.50 -3.29 26,500 Symbols Open High Low Close Change Vol EMCO Ind 350 - 4.00 4.10 3.90 4.00 0.00 1,500 Gul Ahmed Textile 1828 19.69 72.32 72.35 68.71 68.71 -3.61 998,500 Jubilee Gen.Ins 1569 11.77 91.47 89.00 88.50 89.00 -2.47 3,000 Johnson & Philips 25.51 26.7 26.7 26.7 1.19 500 Gulistan Spinning 146 - 4.10 3.77 3.77 3.77 -0.33 500 Fauji Cement 13311 13.54 20.07 20.55 19.89 20.44 0.37 10,469,500 Pak Reinsurance XD 3000 7.30 27.26 27.24 26.65 26.85 -0.41 63,000 TRG Pakistan Ltd. 15.57 15.6 15 15.05 -0.52 4971000 Fecto Cement 502 3.71 50.78 50.50 50.00 50.06 -0.72 52,000 H M Ismail 120 - 3.20 3.48 3.48 3.48 0.28 1,000 Reliance Insurance 403 3.29 8.83 9.20 8.66 8.99 0.16 4,500 Murree Brewery 1038 1004 986.1 992.25 -45.75 1900 Flying Cement Ltd 1760 - 6.38 6.43 6.36 6.36 -0.02 14,000 Hira Textile Mills Limited 787 6.57 10.95 11.10 10.50 10.58 -0.37 660,500 Frontier Ceramics 77 - 5.00 5.00 5.00 5.00 0.00 5,000 ICC Textile 300 - 4.50 4.21 4.21 4.21 -0.29 500 Shaheen Insurance 450 - 6.50 6.25 6.15 6.15 -0.35 15,000 Grays of Cambridge 69.57 73.04 66.1 72.9 3.33 67500 Gammon Pak 283 - 3.95 4.19 4.15 4.17 0.22 2,000 Ishaq Textile 97 3.37 21.50 22.57 22.50 22.57 1.07 2,500 United Insurance 920 6.08 17.21 17.35 17.10 17.21 0.00 7,500 Khyber Tobacco 437.57 459.44 456.99 458.21 20.64 3600 Gharibwal Cement 4003 10.12 17.72 17.60 17.50 17.50 -0.22 37,500 J ATextile 126 4.14 6.00 6.98 6.00 6.00 0.00 34,500 Universal Insurance 300 - 4.59 4.58 4.10 4.17 -0.42 11,500 Pak Tobacco 1380 1375 1320 1360 -20 1000 Haydery Const 32 230.00 2.32 2.30 2.23 2.30 -0.02 7,500 J K Spinning 609 3.95 35.50 34.30 34.30 35.50 0.00 3,500 Shifa Int.Hosp 113.77 117.8 113 116.71 2.94 48200 Javedan Cement 581 6.13 59.85 62.50 62.00 62.50 2.65 1,500 Kohat Textile 208 2.96 16.25 16.05 16.00 16.00 -0.25 2,500 Media Times Ltd 2.65 2.7 2.6 2.62 -0.03 650500 Karam Ceramics 145 72.38 15.20 14.55 14.55 15.20 0.00 1,000 Kohinoor Ind 303 10.31 3.38 3.44 3.30 3.30 -0.08 13,000 LIFE INSURANCE P.I.A.C.(A) 7.27 7.45 7.1 7.15 -0.12 2284000 Kohat Cement 1545 6.18 120.07 123.00 118.50 122.34 2.27 720,500 Kohinoor Mills 509 0.49 13.30 13.55 13.52 13.52 0.22 1,000 Paid up Lafarge Pakistan Cement 13126 14.49 14.63 14.70 14.42 14.49 -0.14 2,974,000 Pace (Pak) Ltd. 4.36 4.45 4.23 4.25 -0.11 926000 Kohinoor Spinning 1300 10.09 22.89 23.50 22.50 23.40 0.51 454,500 Company Cap(mn) PE Open High Low Close Chg Volume Lucky Cement 3234 14.36 402.54 409.50 401.00 402.71 0.17 354,200 Kohinoor Textile 2455 8.56 25.02 25.00 24.70 24.74 -0.28 715,000 Netsol Tech. 31.5 31.65 30.5 30.58 -0.92 366500 Maple Leaf Cement 5277 5.32 31.09 31.25 30.66 30.94 -0.15 3,630,000 Leather Up 60 - 11.26 12.26 12.26 12.26 1.00 8,500 Pioneer Cement XD 2271 7.06 46.21 46.25 45.35 45.61 -0.60 486,000 Libaas Textile 40 - 10.50 10.10 9.50 9.51 -0.99 16,500 American Life 500 29.33 76.55 78.90 72.73 72.73 -3.82 6,000 Power Cement Ltd. 3657 3.69 5.91 5.95 5.75 5.76 -0.15 156,500 Masood Textile 600 12.63 125.00 123.40 123.40 123.40 -1.60 1,000 Shabbir Tiles 757 13.09 8.50 8.88 8.50 8.51 0.01 67,500 EFU Life Assurance XD 1000 10.73 115.00 117.00 115.00 115.40 0.40 3,500 Alert ! Unusual Movements Mehmood Textile 150 5.64 205.50 200.00 195.23 197.62 -7.88 200 Thatta Cement 997 22.66 24.00 24.70 22.81 24.70 0.70 11,000 Jubilee Life In 721 35.13 294.53 286.00 285.00 285.25 -9.28 2,700 Mian Textile 221 - 3.55 3.79 3.79 3.79 0.24 1,000 Mohd Farooq 189 - 4.10 4.00 3.82 4.00 -0.10 3,000 The Bank of Khyber GENERAL INDUSTRIALS Mubarak Textile 54 - 4.45 4.21 4.21 4.21 -0.24 500 FINANCIAL SERVICES Mukhtar Textile 145 - 2.26 2.25 2.10 2.20 -0.06 14,000 Technical Analysis Fundamental Highlights Paid up N P Spinning 147 68.64 59.03 56.09 56.09 59.03 0.00 6,000 Paid up As on Dec 30, 2013 Company Cap(mn) PE Open High Low Close Chg Volume Nagina Cotton 187 2.30 72.00 70.11 70.01 70.11 -1.89 1,500 Company Cap(mn) PE Open High Low Close Chg Volume Nishat (Chunian) 2002 3.55 45.45 45.75 44.70 44.83 -0.62 1,244,000 RSI (14-day) 57.01 Total Assets (Rs in mn) 108,170.17 Nishat Mills 3516 7.69 115.62 115.90 113.65 114.18 -1.44 824,000 Balochistan Particle 30 19.00 5.25 5.89 5.89 5.89 0.64 500 MCB-ARIF Habib 720 7.04 16.05 15.81 15.61 15.71 -0.34 1,000 MA (10-day) 7.98 Total Equity (Rs in mn) 11,912.79 Cherat Packagin 275 11.37 77.65 78.49 75.80 76.05 -1.60 44,000 Pak Synthetic 560 74.17 17.98 17.99 17.36 17.80 -0.18 6,500 Arif Habib Limited 550 5.11 64.62 66.40 63.11 63.63 -0.99 254,500 Paramount Spinning 174 - 6.30 6.36 6.36 6.36 0.06 500 MA (100-day) 7.97 Revenue (Rs in mn) 8,098.46 ECOPACK Ltd 230 - 19.83 19.26 19.03 19.20 -0.63 5,000 Arif Habib Corp 4538 16.72 28.54 28.74 28.05 28.09 -0.45 108,000 Ghani Glass 1232 8.27 56.50 56.00 56.00 56.00 -0.50 2,500 Prosperity 185 2.58 43.65 43.40 42.00 43.40 -0.25 4,000 Dawood Equities 250 37.88 3.26 3.03 3.03 3.03 -0.23 500 MA (200-day) 7.68 Interest Expense 0.00 MACPAC Films 389 1.80 17.60 17.50 17.40 17.40 -0.20 24,000 Ravi Textile 250 - 4.05 3.95 3.80 3.88 -0.17 7,500 Merit Pack 403 - 17.54 17.80 17.20 17.50 -0.04 68,000 Reliance Cotton 103 3.61 84.20 82.00 82.00 82.00 -2.20 1,000 First National Equity 1418 - 2.74 2.66 2.61 2.61 -0.13 21,500 1st Support 8.20 Profit after Taxation 1,154.03 Packages Ltd 844 17.75 513.00 511.50 500.00 503.36 -9.64 157,800 Reliance Weaving 308 2.79 38.00 36.70 36.70 38.00 0.00 5,500 Grays Leasing 215 11.93 5.73 5.62 5.35 5.37 -0.36 9,000 Ruby Textile 522 - 7.00 7.09 7.00 7.00 0.00 1,000 2nd Support 8.05 EPS 11 (Rs) 1.154 Tri-Pack Films 300 12.03 178.24 184.99 176.51 180.93 2.69 42,500 IGI Investment Bank 2121 - 1.61 1.60 1.55 1.60 -0.01 122,500 Safa Textile 40 53.13 17.00 16.95 16.95 17.00 0.00 2,000 1st Resistance 8.40 Book value / share (Rs) 11.91 Saif Textile 264 1.88 27.23 26.71 26.60 26.65 -0.58 8,000 Invest and Fin Sec 400 4.41 14.80 15.00 14.65 14.65 -0.15 1,500 INDUSTRIAL ENGINEERING Sally Textile 88 1.02 21.30 20.50 20.30 20.40 -0.90 8,000 Invest Bank 2849 3.03 2.17 2.25 2.10 2.15 -0.02 38,500 2nd Resistance 8.45 PE 13 E (x) 8.30 Samin Textile 267 - 16.49 16.75 15.49 15.50 -0.99 102,000 Paid up Ist Cap Securities 3166 - 2.75 2.70 2.62 2.67 -0.08 11,000 Pivot 8.25 PBV (x) 0.70 Sana Ind 86 9.89 76.99 76.25 76.25 76.25 -0.74 500 Jah Siddiq Co 7633 1.79 11.27 11.30 11.08 11.10 -0.17 2,692,000 Company Cap(mn) PE Open High Low Close Chg Volume Sapphire Fibre 197 275.95 289.87 290.00 283.00 289.75 -0.12 5,000 JS Global Cap 500 8.42 35.00 35.20 34.01 34.01 -0.99 1,500 BOK closed up 0.30 at 8.30. Volume was 119% above Sargoda Spinning 312 4.28 12.80 11.80 11.80 11.80 -1.00 500 JS Investment 1000 6.83 12.62 12.63 12.43 12.57 -0.05 285,000 average and Bollinger Bands were 64% narrower than Ados Pak 66 6.31 62.74 62.00 59.61 59.77 -2.97 18,000 Saritow Spinning 298 1.98 10.80 10.95 10.50 10.52 -0.28 71,500 AL-Ghazi Tractor 290 12.90 284.16 285.00 271.00 274.01 -10.15 17,000 Service Ind 120 51.34 557.84 568.00 540.00 543.72 -14.12 22,200 KASB Securities 1000 12.94 6.16 6.60 6.21 6.21 0.05 11,500 normal. Bolan Casting 115 - 40.00 39.00 39.00 39.00 -1.00 500 Suhail Jute 37 - 13.00 12.02 12.00 12.00 -1.00 2,000 Orix Leasing 821 8.78 33.65 34.00 33.54 33.73 0.08 7,500 BOK is currently 8.1% above its 200-period moving aver- Dewan Auto Engineering 214 - 3.64 3.65 3.65 3.65 0.01 3,000 Tata Textile 173 2.64 46.00 45.00 44.62 44.62 -1.38 1,500 Pak Gulf Leasing 254 22.22 16.00 15.95 15.95 16.00 0.00 1,000 age and is in an upward trend. Volatility is extremely high Thal Ltd 405 10.63 191.72 197.00 186.01 194.32 2.60 17,600 Ghandhara Ind 213 4.71 26.00 27.30 25.40 27.30 1.30 234,000 Pervez Ahmed Sec 1866 36.91 4.16 4.20 4.00 4.06 -0.10 524,500 Hinopak MotorSPOT 124 259.67 541.60 568.68 550.00 568.68 27.08 42,800 Treet Corp 510 31.89 126.16 129.98 119.86 119.91 -6.25 1,046,000 when compared to the average volatility over the last 10 Saudi Pak Leasing 452 1.99 3.14 3.15 3.09 3.10 -0.04 25,500 KSB Pumps 132 8.78 88.75 90.95 89.00 89.94 1.19 10,000 Tri-Star Poly 215 - 1.79 1.84 1.71 1.74 -0.05 84,000 periods. Our volume indicators reflect moderate flows of Millat Tractors 443 10.75 501.34 516.00 505.00 508.58 7.24 30,500 ZahidJee Textile 1275 2.41 14.30 14.50 14.25 14.26 -0.04 2,000 Sec Inv Bank 514 18.13 2.90 2.90 2.90 2.90 0.00 2,000 volume into BOK (mildly bullish). Our trend forecasting Pak Engineering 57 - 84.00 81.95 81.95 81.95 -2.05 500 Zephyr Textile Ltd 594 5.36 9.85 9.85 9.50 9.65 -0.20 49,000 Trust Inv Bank 586 - 1.55 1.52 1.45 1.45 -0.10 17,500 Zil Limited 61 217.71 110.00 115.00 104.50 104.50 -5.50 16,500 oscillators are currently bullish on BOK. INDUSTRIAL TRANSPORTATION EQUITY INVESTMENT INSTRUMENTS Libaas Textile Limited Paid up PHARMA AND BIO TECH Paid up Technical Analysis Fundamental Highlights Paid up Company Cap(mn) PE Open High Low Close Chg Volume Company Cap(mn) PE Open High Low Close Chg Volume As on Jun 30, 2013 Company Cap(mn) PE Open High Low Close Chg Volume PNSC 1321 27.78 72.26 73.99 71.50 72.50 0.24 14,500 1st Fid Leasing 264 11.14 3.23 3.30 3.20 3.23 0.00 16,000 RSI (14-day) 26.37 Total Assets (Rs in mn) 6.24 Abbott (Lab) 979 31.40 571.59 600.16 570.00 589.15 17.56 164,600 AL-Noor Modaraba 210 14.00 6.29 6.30 6.30 6.30 0.01 500 MA (10-day) 11.26 Total Equity (Rs in mn) 0.25 Ferozsons (Lab) 302 21.25 224.55 226.95 222.50 224.41 -0.14 65,300 B R R Guardian Modaraba 780 21.24 6.07 6.27 6.00 6.16 0.09 293,500 AUTOMOBILE AND PARTS GlaxoSmithKline 3185 28.76 177.01 181.90 175.00 177.19 0.18 107,900 MA (100-day) 17.61 Revenue (Rs in mn) 0.00 Highnoon (Lab) 182 28.61 190.00 192.00 190.00 190.00 0.00 35,200 Crescent St Modaraba 200 8.33 2.00 2.00 2.00 2.00 0.00 5,000 Paid up MA (200-day) 11.34 Interest Expense 0.00 Company Cap(mn) PE Open High Low Close Chg Volume IBL HealthCare Ltd 230 20.89 94.57 96.50 95.00 95.25 0.68 12,500 Elite Cap Modaraba 113 6.28 4.00 4.34 4.02 4.33 0.33 28,000 Otsuka Pak 110 27.10 74.45 72.00 70.73 70.74 -3.71 13,000 Equity Modaraba 524 13.94 4.80 4.65 4.60 4.60 -0.20 12,000 1st Support 9.30 Profit after Taxation 2.33 Searle Pak 613 18.45 197.14 202.49 193.51 195.03 -2.11 145,400 Agriautos Ind 144 10.50 97.47 98.30 96.00 96.50 -0.97 23,500 Golden Arrow 760 2.46 9.98 10.00 9.90 9.96 -0.02 277,000 2nd Support 9.10 EPS 11 (Rs) 0.582 Atlas Honda XD 1034 - 260.50 252.01 247.48 247.69 -12.81 20,700 NAMCO Balanced Fund XB 1311 17.55 5.99 6.51 5.15 5.79 -0.20 203,000 1st Resistance 9.90 Book value / share (Rs) 0.06 Baluchistan Wheels Limited 133 14.52 47.22 49.58 44.86 49.53 2.31 228,500 FIXED LINE TELECOMMUNICATION PICIC Growth Fund 2835 7.08 33.39 33.50 33.00 33.12 -0.27 25,000 Dewan Motors 1087 - 8.32 8.83 8.32 8.40 0.08 4,850,500 2nd Resistance 10.30 PE 13 E (x) 1,783.13 Exide (PAK) 78 5.66 425.00 441.00 415.50 423.73 -1.27 10,300 Paid up PICIC Inv Fund 2841 6.27 14.71 14.94 14.61 14.61 -0.10 1,500 Pivot 9.70 PBV (x) 149.84 General Tyre 598 16.25 77.55 81.42 76.75 81.39 3.84 402,500 Company Cap(mn) PE Open High Low Close Chg Volume Prud Modaraba 1st 872 6.90 2.08 2.01 2.00 2.00 -0.08 37,500 Ghandhara Nissan 450 - 38.18 40.08 37.51 39.92 1.74 1,260,500 LIBT closed down -0.99 at 9.51. Volume was 7% above average and Ghani Automobile Ind XR 200 - 5.26 5.30 5.16 5.18 -0.08 24,500 Punjab Modaraba 340 - 3.93 3.90 3.85 3.85 -0.08 8,000 Pak Datacom 98 6.46 72.00 71.75 71.75 72.00 0.00 7,500 Honda Atlas Cars XD 14281148.78 108.83 109.75 103.39 103.39 -5.44 763,500 Stand Chart Modaraba 454 9.52 22.56 22.56 22.56 22.56 0.00 1,000 Bollinger Bands were 39% narrower than normal. Indus Motors 786 19.70 490.18 505.00 485.00 490.15 -0.03 21,300 Pakistan Telecomm Co A 37740 - 30.48 30.48 30.00 30.15 -0.33 1,786,000 LIBT is currently 2.6% below its 200-period moving average and is in Telecard 3000 82.50 5.01 5.06 4.94 4.95 -0.06 347,000 Tri-Star Mutual 50 1.50 4.64 4.75 4.75 4.75 0.11 4,500 Pak Suzuki 823 13.50 226.36 237.67 232.11 237.67 11.31 755,100 an downward trend. Volatility is extremely high when compared to the Sazgar Engineering 180 13.23 34.59 35.00 33.26 33.34 -1.25 12,000 WorldCall Tele 8606 - 2.35 2.37 2.33 2.35 0.00 292,500 U D L Modaraba 264 9.67 19.50 19.55 19.01 19.05 -0.45 88,000 average volatility over the last 10 periods. Our volume indicators reflect very strong flows of volume out of LIBT (bearish). Our trend forecasting oscillators are currently bearish on LIBT. Our momentum oscillator is currently indicating that LIBT is currently in an oversold condition. Ghandhara Industries Limited Fauji Cement Co Ltd National Bank of Pakistan Dera Ghazi Khan Cement Co Ltd Technical Analysis Fundamental Highlights KSE 100 INDEX As on Jun 30, 2013 Brokerage House Target Price Recommendations Brokerage House Target Price Recommendations Brokerage House Target Price Recommendations Technical Outlook RSI (14-day) 62.85 Total Assets (Rs in mn) 4,136.32 Arif Habib Ltd 21.5 Hold Arif Habib Ltd 59.6 Hold Arif Habib Ltd 129 Buy MA (10-day) 25.87 Total Equity (Rs in mn) 318.57 Technical Analysis Leverage Position TFD Research 22.3 Positive AKD Securities Ltd 65 Accumulate AKD Securities Ltd 118.2 Buy TFD Research 64.8 Neutral TFD Research 109 Positive MA (100-day) 23.14 Revenue (Rs in mn) 2,812.96 RSI (14-day) 62.31 Support 1 29,591 Technical Outlook Technical Outlook Technical Outlook MA (200-day) 20.88 Interest Expense 175.90 MA (5-day) 29,694.46 Support 2 29,532 1st Support 26.00 Profit after Taxation 127.74 MA (10-day) 29,582.83 Resistance 1 29,746 Technical Analysis Leverage Position Technical Analysis Leverage Position Technical Analysis Leverage Position 2nd Support 24.75 EPS 11 (Rs) 5.996 MA (100-day) 27,852.84 Resistance 2 29,840 RSI (14-day) 68.09 MTS Shares `000 3,930.500 RSI (14-day) 62.58 MTS Shares `000 3,906.500 RSI (14-day) 61.07 MTS Shares `000 2,254.500 1st Resistance 27.90 Book value / share (Rs) 14.95 MA (10-day) 20.20 MTS Rs `000 66,716.13 MA (10-day) 60.26 MTS Rs `000 200,850.10 MA (10-day) 89.57 MTS Rs `000 166,656.66 MA (200-day) 25,859.15 Pivot 29,686 MA (100-day) 17.37 MTS Rate 17.58 MA (100-day) 57.33 MTS Rate 16.55 MA (100-day) 90.14 MTS Rate 16.64 2nd Resistance 28.55 PE 13 E (x) 33.02 KSE 100 INDEX closed down -79.82 at 29,651.04. Volume MA (200-day) 15.35 ** NOI Rs (mn) 117.58 MA (200-day) 55.42 ** NOI Rs (mn) 190.14 MA (200-day) 84.27 ** NOI Rs (mn) 240.88 Pivot 26.65 PBV (x) 1.83 Free Float Shares (mn) 732.11 Free Float Rs (mn) 14,964.40 Free Float Shares (mn) 504.84 Free Float Rs (mn) 31,148.50 was 46% below average and Bollinger Bands were 21% nar- Free Float Shares (mn) 240.97 Free Float Rs (mn) 21,956.78 Target price for Dec-13 & **Net open interest in Future market GHNI closed up 1.30 at 27.30. Volume was 197% above aver- rower than normal. As far as resistance level is concern, the Target price for Dec-13 & **Net open interest in Future market Target price for Dec-13 & **Net open interest in Future market market will see major 1st resistance level at 29,746 and 2nd FCCL closed up 0.37 at 20.44. Volume was 30% NBP closed down -0.04 at 61.70. Volume was 34% above DGKC closed up 1.30 at 91.12. Volume was 1% below age (trending) and Bollinger Bands were 8% wider than nor- resistance level at 29,840, while Index will continue to find above average and Bollinger Bands were 228% wider average and Bollinger Bands were 31% narrower than nor- average and Bollinger Bands were 25% wider than nor- mal. its 1st support level at 29,591 and 2nd support level at than normal. mal. mal. FCCL is currently 33.2% above its 200-period moving GHNI is currently 30.7% above its 200-period moving average 29,532. NBP is currently 11.3% above its 200-period moving aver- DGKC is currently 8.2% above its 200-period moving KSE 100 INDEX is currently 14.7% above its 200-period average and is in an upward trend. Volatility is and is in an upward trend. Volatility is high as compared to the age and is in an upward trend. Volatility is relatively normal average and is in an upward trend. Volatility is high as moving average and is in an upward trend. Volatility is rela- extremely high when compared to the average volatil- average volatility over the last 10 periods. Our volume indicators tively normal as compared to the average volatility over the ity over the last 10 periods. Our volume indicators as compared to the average volatility over the last 10 peri- compared to the average volatility over the last 10 peri- last 10 periods. Our volume indicators reflect volume flowing reflect very strong flows of volume into FCCL (bullish). ods. Our volume indicators reflect moderate flows of vol- ods. Our volume indicators reflect volume flowing into and reflect moderate flows of volume into GHNI (mildly bullish). Our into and out of INDEX at a relatively equal pace. Our trend Our trend forecasting oscillators are currently bullish ume into NBP (mildly bullish). Our trend forecasting oscil- out of DGKC at a relatively equal pace. Our trend fore- trend forecasting oscillators are currently bullish on GHNI. forecasting oscillators are currently bullish on INDEX. on FCCL. lators are currently bullish on NBP. casting oscillators are currently bullish on DGKC. Sitara Peroxide Limited United Bank Ltd. Pakistan Telecommunication Co Ltd Pakistan Petroleum Ltd Bank Al-Falah Ltd Technical Analysis Fundamental Highlights Brokerage House Target Price Recommendations Brokerage House Target Price Recommendations Brokerage House Target Price Recommendations Brokerage House Target Price Recommendations As on Jun 30, 2012

AKD Securities Ltd 225 Buy AKD Securities Ltd 29.7 Neutral TFD Research 266.4 Positive Arif Habib Ltd 35.1 Buy RSI (14-day) 62.85 Total Assets (Rs in mn) 2,589.04 TFD Research 201 Positive TFD Research 33.3 Positive AKD Securities Ltd 33.8 Accumulate TFD Research 30.8 Neutral MA (10-day) 14.27 Total Equity (Rs in mn) 261.25 MA (100-day) 16.12 Revenue (Rs in mn) 1,110.40 Technical Outlook Technical Outlook Technical Outlook Technical Outlook MA (200-day) 15.53 Interest Expense 189.01 Technical Analysis Leverage Position Technical Analysis Leverage Position Technical Analysis Leverage Position Technical Analysis Leverage Position 1st Support 13.95 Loss after Taxation (19.23) RSI (14-day) 53.11 MTS Shares `000 462.600 RSI (14-day) 62.85 MTS Shares `000 2,515.500 RSI (14-day) 41.59 MTS Shares `000 389.900 RSI (14-day) 57.34 MTS Shares `000 7,993.700 2nd Support 13.86 EPS 11 (Rs) (0.349) MA (10-day) 29.42 MTS Rs `000 61,986.69 MA (10-day) 221.18 MTS Rs `000 73,217.57 MA (10-day) 28.43 MTS Rs `000 193,346.75 MA (10-day) 175.17 MTS Rs `000 67,678.73 1st Resistance 14.19 Book value / share (Rs) 4.74 MA (100-day) 158.16 MTS Rate 14.80 MA (100-day) 29.41 MTS Rate 16.58 MA (100-day) 224.60 MTS Rate 14.51 MA (100-day) 27.68 MTS Rate 14.94 MA (200-day) 145.00 ** NOI Rs (mn) 612.35 MA (200-day) 28.68 ** NOI Rs (mn) 109.01 MA (200-day) 219.53 ** NOI Rs (mn) 315.79 MA (200-day) 25.94 ** NOI Rs (mn) 3.36 2nd Resistance 14.34 PE 13 E (x) 23.90 Free Float Shares (mn) 588.05 Free Float Rs (mn) 17,729.62 Free Float Shares (mn) 410.32 Free Float Rs (mn) 89,474.15 Free Float Shares (mn) 674.58 Free Float Rs (mn) 19,218.73 Free Float Shares (mn) 244.84 Free Float Rs (mn) 43,164.58 Pivot 14.10 PBV (x) 2.96 Target price for Dec-13 & **Net open interest in Future market Target price for Dec-13 & **Net open interest in Future market Target price for Dec-13 & **Net open interest in Future market Target price for Dec-13 & **Net open interest in Future market SPL closed down -0.21 at 14.02. Volume was 52% below UBL closed up 1.55 at 176.30. Volume was 73% above PTC closed down -0.33 at 30.15. Volume was 55% below PPL closed down -1.29 at 218.06. Volume was 23% BAFL closed down -0.20 at 28.49. Volume was 64% average (consolidating) and Bollinger Bands were 61% average and Bollinger Bands were 9% wider than normal. average (consolidating) and Bollinger Bands were 60% above average and Bollinger Bands were 46% narrower below average (consolidating) and Bollinger Bands UBL is currently 21.6% above its 200-period moving wider than normal. than normal. were 13% narrower than normal. narrower than normal. BAFL is currently 9.7% above its 200-period moving average and is in an downward trend. Volatility is PTC is currently 5.0% above its 200-period moving aver- PPL is currently 0.6% below its 200-period moving aver- SPL is currently 9.7% below its 200-period moving aver- average and is in an upward trend. Volatility is rela- extremely high when compared to the average volatili- age and is in an upward trend. Volatility is extremely high age and is in an upward trend. Volatility is relatively nor- age and is in an upward trend. Volatility is relatively nor- tively normal as compared to the average volatility mal as compared to the average volatility over the last 10 ty over the last 10 periods. Our volume indicators when compared to the average volatility over the last 10 mal as compared to the average volatility over the last 10 over the last 10 periods. Our volume indicators reflect moderate flows of volume into UBL (mildly bull- periods. Our volume indicators reflect very strong flows of periods. Our volume indicators reflect volume flowing into reflect volume flowing into and out of BAFL at a rela- periods. Our volume indicators reflect volume flowing into ish). Our trend forecasting oscillators are currently volume into PTC (bullish). Our trend forecasting oscillators and out of PPL at a relatively equal pace. Our trend fore- tively equal pace. Our trend forecasting oscillators and out of SPL at a relatively equal pace. Our trend fore- bearish on UBL. are currently bullish on PTC. casting oscillators are currently bullish on PPL. are currently bullish on BAFL. casting oscillators are currently bullish on SPL. Tuesday, June 17, 2014 INTERNATIONAL 7 EU warns of winter gas shortages after Ukraine talks fail VIENNA: EU Energy Oettinger said in Vienna. an 11th-hour deal on supplies and halted deliv- Commissioner Guenther But if Ukraine uses its future gas supplies with eries. Oettinger warned reserves "then we would state-owned Russian Gazprom stressed how- Monday that the bloc have a problem with a giant Gazprom. ever that for now gas for may face gas shortages cold winter". Compounding the Kiev European clients this winter after supply Two months into a vio- government's problems was flowing via Ukraine talks between Russia and lent feud that has pro- as they confront an without interruptions, Ukraine broke down. voked the worst East- insurgency in the east, and Ukraine has vowed "The next weeks will West crisis since the Cold Gazprom on Monday to continue transit ship- not be a problem, we will War, Ukraine on Sunday began requiring Ukraine ments to the 28-nation receive our gas volumes," failed to broker pay in advance for gas European Union.-APP Polls show DIYALA:Tribal fighters, like these in Diyala province, have also joined Iraqi forces in the battle Scottish Baghdad blast kills against the militants- Reuters independence Qaeda vote is closer at least nine: officials Bangladesh accuses suspect kills than ever BAGHDAD: A bombing were placed and wheeled seen a drop in the frequent 8 Yemen in central Baghdad killed inside, an AFP journalist attacks that usually hit the EDINBURGH: The cam- at least nine people and said. capital, probably because 17 over disaster paign for Scottish inde- military wounded 23 on Sunday, The street was closed to all militants are occupied pendence continues to gain security and medical offi- traffic but ambulances. elsewhere. ground against its pro- hospital staff union rival, two surveys cials said. The attack comes as secu- Security forces performed factory construction An Iraqi interior ministry rity forces battle to push poorly when faced with SANAA: A suspected Al- showed on Sunday, as poll- DHAKA: Bangladesh's tects, engineers and cials, architects and the sters near consensusthat the official said the attack was back a major offensive the militant offensive, in Qaeda gunman opened anti-graft gency has local government offi- owners did not abide by race is getting ever-tighter a roadside bomb, while a launched by militants, some cases abandoning fire on a minibus carrying ahead of the September ref- police colonel said that ini- spearheaded by jihadists vehicles and positions and filed cases against 17 cials who approved the any of the country's con- staff members from a mil- erendum. tial blast was followed by but also involving support- shedding uniforms to flee. people for "illegally" construction. struction rules to extend itary hospital in Yemen's A record 43 percent back a suicide bombing. ers of ousted dictator But they appear to be transforming a planned "Rana Plaza was the floors or transform it main southern city of the campaign for independ- Medical staff waited near Saddam Hussein, which recovering from the ini- shopping mall into the originally approved for into a garment factory Aden on Sunday, killing ence, according to the lat- stretchers on the sidewalk overran all of one province tial shock of the garment factory com- a six-storey shopping complex laden with eight people, an army offi- est poll by Panelbase, up in front of one hospital in and chunks of three others. onslaught, and have plex which collapsed complex on April 10, heavy machinery such cial said. two points from May, with central Baghdad, on which The major unrest in other retaken some areas north last year, killing more 2006 by Savar munici- as generators," he The attacker used an the percentage against casualties from the blast areas of the country has of the capital.-APP than 1,100 people. pal authorities. But its added. assault rifle to rake the army minibus with gun- dropping one point to 46 The Anti-Corruption owners later unlawfully Investigators probing fire, the official said. Two percent. The Panelbase poll Commission filed cases got an approval to trans- the collapse have earlier women were among the of 1060 voters, commis- against two owners of form it into a 10-storey said the building caved sioned by the "Yes" cam- dead while 12 other staff the nine-storey Rana building," commission in under the weight of members were wounded. paign, found that once Plaza in Savar town out- spokesman Pranab the extra floors and of undecideds were excluded, "The bus was carrying side the capital and three Bhattacharjee told AFP. the generators and heavy support for secession grew doctors and nurses working to 48 percent, with 52 per- garment manufacturers, "The mayor of Savar, machinery in the gar- for the military hospital in cent against. -APP as well as against archi- local government offi- ment factories.-APP Aden," the official said.-APP Husband, 9 IRAQ CONFLICT others rape Sunni militant push woman, force to on Baghdad 'halted' BAGHDAD: Iraqi gov- ceed if Iraqi leaders are cleric, Grand Ayatollah Ali tia called the Mahdi Army, drink urine ernment forces, backed by willing to put aside their al-Sistani, has issued a call which has sprung back to Shia Muslim and Kurdish differences. to arms to fellow Shia, and life in recent days, after NEW DELHI: The horrif- militias on Sunday are The government forces there are reports that thou- lying low following its ic crimes against women reportedly holding back an are building up in the city sands have already joined notorious role in the sec- just refuse to cease in India advance by Sunni militants of Samarra, apparently militias. tarian conflict with the as a tribal woman was north of Baghdad. preparing for a counter- A long line of pick-up minority Sunni communi- allegedly gang-raped by 10 A number of towns have offensive designed to drive trucks and cars sped ty, which came to an end men, including her hus- been retaken from the rebels out of Saddam through the streets of cen- about six years ago. MADRID: Spanish police say they have detained eight people on suspicion of band, in Indian state of rebels, but they still con- Hussein's hometown, tral Baghdad on Saturday One cleric, sitting with a recruiting militants to fight in Syria and Iraq. Madhya Pradesh's Bhilai trol the key cities of Tikrit Tikrit, to the north. filled with heavily armed driver and bodyguard in an Borkhedi village, Indian and Mosul. In one clash in the town men; a cacophony of blar- expensive four-by-four media reported. In one town that changed of Jalawla, a government ing horns, sirens and vehicle, said they were She was also allegedly Egyptian security forces hands, Ishaq, security helicopter strike killed pumping music heralding prepared to fight to the made to drink urine and forces said they had found seven Kurdish fighters their arrival. death and "splash their paraded semi-naked in the the incinerated bodies of who had moved into posi- It was evidence that the blood" to rid Iraq of the 12 policemen. tions evacuated earlier by call to arms made on village. seize Brotherhood ISIS "terrorists". A few months ago, the A US aircraft carrier has Sunni rebels. Iraqi govern- Friday by the most senior Other members of the woman and her husband been deployed to the Gulf ment officials said the Shia religious leader militia said they would had a dispute over a piece in response to the escalat- attack was a mistake. Grand Ayatollah Ali al- of land, following which he leaders' assets ing violence. Many Sunni rebels are Sistani, was being heeded help defend Baghdad and allegedly attacked her with US Secretary of State fighting under the banner in the capital as in other head further north to bol- an axe. The woman regis- CAIRO: Egyptian secu- seize the chains, Zad and them via the security John Kerry has warned of the Islamic State in Iraq cities, particularly in the ster the regular army on tered a complaint with the rity forces have seized Seoudi, and we just went forces. that American assistance and the Levant (ISIS), an Shia-dominated south. the frontlines in Diyala police and then moved into supermarket chains and took them," a securi- "Since the early morn- in tackling any Islamist offshoot from al-Qaeda. The convoy was manned and Salahaddin her parents' house in anoth- owned by two leading ty source said. ing all branches of Zad offensive will only suc- Iraq's most senior Shia by members of a Shia mili- provinces.-Online er village along with her figures of the Muslim "We are currently have been stormed 10-year-old son. Brotherhood as part of going through the funds including the manage- On Tuesday night, the the government's crack- and goods and equip- ment building by a large Tony Blair says woman's husband allegedly down against the banned ment and the reason for number of police forces asked her to meet him in organisation, judicial and that is that they belong to and the same is happen- their village to reach a security sources told Brotherhood leaders ing with Seoudi super- "compromise" in the axe Reuters on Sunday. whose assets have been market," Shater's 'We didn't cause Iraq crisis' attack case.-Online On the orders of a com- ordered to be seized," the daughter Aisha posted LONDON: Invasion of "So, one of the things I'm most significant reason" for of inaction in Syria. mittee charged with source added. on Facebook. Iraq is not to blame for the trying to say is - you know, the sectarian violence now "We have to liberate our- identifying Brotherhood The committee and The Egyptian govern- violent insurgency now we can rerun the debates gripping Iraq. selves from the notion that Ukraine, assets, the security supermarket chains ment has launched a gripping the country, for- about 2003 - and there are "We are reaping what we 'we' have caused this," he forces have seized the could not immediately be broad crackdown mer UK Prime Minister perfectly legitimate points sowed in 2003. This is not wrote. "We haven't." Russia, EU Zad chain of supermar- reached for comment. against the Tony Blair has said. on either side - but where hindsight. We knew in the He said the takeover of kets owned by Khairat The committee's secre- Brotherhood, which was Speaking to the BBC we are now in 2014, we run-up to war that the over- Mosul by Sunni insurgents el-Shater, as well as the tary, Wadee Hanna, was banned last year after here, he said there would have to understand this is a throw of Saddam Hussein was planned across the to resume Seoudi chain of quoted in the Alahram the army toppled still be a "major problem" regional problem, but it's a would seriously destabilise Syrian border. Abdulrahman el-Seoudi, newspaper as saying it Islamist president in the country even without problem that will affect Iraq after 24 years of his "Where the extremists gas talks at the sources said. was making an inventory Mohamed Mursi follow- the toppling of Saddam us." iron rule," he said in the are fighting, they have to "We received an order of shops belonging to the ing mass protests Hussein in 2003. Michael Stephens, an Mail. be countered hard, with He insisted the current expert on Iraq and Syria for Syria is three years into a force," Mr Blair said. from the committee to Brotherhood and seizing against his rule. -APP 1600 GMT: crisis was a "regional" the Royal United Services civil war in which tens of The Sunni insurgents, issue that "affects us all". Institute, said the Iraq War thousands of people have from the Islamic State in Ukraine Critics have rejected the had "a lot to play - a part in died and millions more Iraq and the Levant (ISIS), comments as "bizarre" with this sort of fragmentation have been displaced. regard Iraq's Shia majority KIEV: An urgent round of one accusing Mr Blair of of Iraq". In August last year, a as "infidels". EU-brokered gas talks "washing his hands of "I think Mr Blair is wash- chemical attack near the After taking Mosul late between Russia and responsibility". ing his hands of responsi- capital Damascus killed on Monday, and then Ukraine were due to "Even if you'd left bility," he said. "But at the hundreds of people. Saddam Hussein's home- resume in Kiev at 7:00 pm Saddam in place in 2003, same time, I do agree with In the same month, UK town of Tikrit, ISIS mili- (1600 GMT) Sunday ahead then when 2011 happened - him that we can't just MPs rejected the idea of air tants pressed south into the of a looming threat by and you had the Arab revo- ignore this. strikes against Syrian ethnically divided Diyala Moscow to cut off its lutions going through "We do have some kind President Bashar al-Assad's province. neighbour's supplies. Tunisia and Libya and of role to play in terms of government to deter the use On Friday, they battled A spokeswoman for Yemen and Bahrain and trying to make sure that of chemical weapons. against Shia fighters near Ukraine's Naftogaz state Egypt and Syria - you both Iraq and Syria do not Writing on his website, Muqdadiya - just 50 miles energy company said the would have still had a fragment and just move on the former prime minister (80km) from Baghdad's talks, mediated by EU major problem in Iraq," Mr into sort of unending vio- warned that every time the city limits. Energy Commissioner Blair said. lence." UK puts off action, "the Reinforcements from Guenther Oettinger, would "Indeed, you can see Sir Christopher Meyer, action we will be forced to both the Iraqi army and also include the two coun- what happens when you Britain's ambassador to the take will be ultimately Shia militias have arrived tries' energy ministers and leave the dictator in place, US from 1997 to 2003, said greater". in the city of Samarra, Alexei Miller, the head of as has happened with the handling of the cam- He said the current vio- where fighters loyal to ISIS Russia's state-held gas KIEV: Ukraine says Russia has cut off all gas supplies to Kiev, in a major Assad now. The problems paign against Saddam lence in Iraq was the "pre- are trying to enter from the giant Gazprom. -APP escalation of a dispute between the two nations. -AFP don't go away. Hussein was "perhaps the dictable and malign effect" north. -Online Tuesday, June 17, 2014 8 Health Insurance National Health premiums have been Insurance scheme to growing since 2008 cover 100 million Pakistanis "From 2008 to 2010, law took effect. a higher price, a person In a separate report, Prime Minister Mian gave a detailed briefing gramme will not only burns and RTA (life and premiums grew by 10 per- Insurance companies are with diabetes can't be Gallup said the rate of Muhammad Nawaz to the Prime Minister in give the vulnerable sec- limb saving treatment, cent or more per year," finalizing what the premi- offered a policy that does- people without any health Sharif approved the which comparative study tions of the society an implants, prosthesis), end Jonathan Gruber of the ums will be for policies n't cover their treatment, insurance has plummeted National Health of major health blanket access to cash free health stage renal diseases and Massachusetts Institute of offered for the 2015 insur- and a young family is now from 18 percent at the end Insurance Scheme aimed models of the European facilities but will also dialysis, chronic infec- Technology, one of the ance year, and everyone guaranteed maternity care of last year to 13.4 percent at providing health care Union, United States and help to develop and revo- tions (hepatitis), organ architects of the 2010 projects they'll go up at when they need it." in April and May. to some 100 million peo- India and options for lutionise the health infra- failure (hepatic, renal, Affordable Care Act, least a little. Policies now Before the new policies After an outcry over ple in Pakistan. The implementing the scheme structure across Pakistan. cardiopulmonary) and wrote in the report. have to cover a lot more were offered on state- President Barack Obama's prime minister chaired a in Pakistan were dis- The prime minister fur- cancer treatment. "These results provide than they were required to based health insurance broken promise that peo- meeting to give in princi- cussed. ther said the scheme will The meeting also important guidance for before, so experts say it's exchanges, experts esti- ple could keep policies ple approval to launch "A health insurance also increase public-pri- decided to establish the interpreting the rate natural to expect premi- mate 14 million people they liked, the administra- the Health Insurance programme is the only vate partnership in first ever public sector increases we will see over ums to go up. "The bought their own coverage tion allowed insurers to Program. The meeting way forward to provide Pakistan and will open up human organ transplant 2014 to 2015 in state mar- Affordable Care Act because they didn't get it continue issuing policies it was attended by Minister health care protection to further avenues for center in Islamabad. ketplaces. They suggest requires insurers to offer a through their jobs. The considers substandard for for Finance Ishaq Dar, economically deprived investment." The prime minister that strong conclusions comprehensive product to Obama administration two more years. It's not Chairperson PM's Youth people of the society. The The scheme would be directed the Ministries of about rate effects of the consumers who must buy says 8 million people have clear right now just how Program Maryam Nawaz, scheme is the first of its completely apolitical and Finance and Health to ACA cannot be gleaned health insurance on their signed up for plans on the many people will keep Minister of State for kind to introduce a griev- would provide a blanket coordinate and finalise from individual insurance own," said exchanges and says sever- paying for their own poli- Health Saira Afzal Tarrar, ance redressal system as for cash free treatment to the technical modalities filings or even from single Commonwealth Fund al million more have cies on the individual mar- and senior officers of the well as social security the poor people of and implementation strat- states," it adds, and that President Dr. David gained coverage through ket and how many of these health and finance min- safety net for the poor Pakistan for major dis- egy in minimum possible any rise should be com- Blumenthal. expanded Medicaid pro- policies will offer bare- istries. people of Pakistan," he eases like cardiovascular time so that an early pared with increases of 10 "A cancer survivor can't grams in about half the bones coverage. Maryam Nawaz, the said. diseases, diabetes melli- relief could be given to percent or more before the be turned away or charged states. architect of the scheme, PM Sharif said the pro- tus and complications, the people. Unclaimed benefits: Pakistan: Taliban terror attack SECP issue on country's busiest airport The Pakistan Taliban's 10 hours. Airlines, Air China, hijacking planes and regulates the corporate circular outlining attack on Karachi's "All 10 terrorists have Qatar Airways, Etihad destroying state installa- sector, capital market and Jinnah International been killed, the airport Airways, Cathay Pacific tions," Reuters quoted non-banking financial Airport, the largest and secured and they were Airlines, Saudia and Shahidullah Shahid, a sectors including insur- busiest airport in the unable to damage any Thai Airways Taliban spokesman. ance has been urging detailed procedure country, has led to the aircraft or installations," International are listed Terror attacks have insurance companies in The Securities and matter of accounting poli- and their beneficiaries; it death of 28 people and a spokesman of the mili- among international air- become more and more the country to set up a ter- Exchange Commission of cy no insurer can write said adding similar injured at least 26 others. tary's Inter Services line carriers serving common with the rise of rorism insurance pool, for Pakistan (SECP) has back, i.e. remove its liabil- requirements have been 10 heavily armed gun- Pubic Relations said. Karachi. the Taliban in Pakistan. several years now. The issued a circular outlining ities on account of placed in respect of men opened fire at the The militants had fired The Taliban in Karachi is Pakistan's matter has been a subject detailed procedure to be unclaimed benefits. unclaimed death and other terminal used for the hajj rockets at passenger Pakistan has claimed biggest city and commer- of debate at several meet- followed by insurers to A format for the regula- benefits. pilgrimage to Mecca and planes but missed. responsibility for the cial hub with 18 million ings of the Insurance ensure timely payment of tory reporting has also In order to enhance a cargo area at the air- The cargo area is about attack. ATaliban state- residents. The airport Association of Pakistan, unclaimed insurance bene- been introduced to ensure awareness of policyhold- port, starting the attack 1 km away from the area ment said that it was attack will make insur- the umbrella organisa- fits. The SECP has that the insurers hand ers and their beneficiaries, at close to midnight, where commercial revenge for the killing ance companies, already tion of insurance compa- observed that significant down benefits in a timely the circular requires the according to media planes take off. More last November of its wary of the enormous nies. One of SECP's con- amounts are lying with the manner. insurers to place on their reports. Some cargo was than 700 passengers leader Hakimullah risks involved, even more cerns is that over PKR2 insurers on account of In addition, the SECP websites an updated list of burnt and vehicles were stranded at the air- Mehsud, according to reluctant to provide ter- billion (US$20 million) unclaimed benefits, said a has required the insurers to all policyholders' names, belonging to security port. Operations were media reports. "The rorism cover. in reinsurance premiums statement issued here, carry out a search process who have not claimed their adding the large chunk for the unclaimed maturity benefits. forces damaged. shut down but resumed main goal of this attack The Securities and are leaked each year relates to unclaimed life benefits due under a life Furthermore, all the Security forces cleared yesterday afternoon. was to damage the gov- Exchange Commission of from the local market to insurance maturity bene- insurance policy. insurers shall place on the airport after around Emirates, Turkish ernment, including by Pakistan (SECP), which foreign reinsurers. fits. For this purpose, an their websites the names of The circular requires the insurer may establish and officers who would pro- MENA: Tune insurers to disclose the subsequently use a proce- vide information pertain- Singapore: Impact of universal unclaimed benefits in their dure to utilize the ing to the existence/status INS eyes financial statements sepa- NADRA's database to get of an insurance policy to rately. up-to-date information the insured or his/her legal more travel It also requires that as a about the policyholders heirs. health cover to be studied partnerships Policyholders of pri- possible impact, before Health Minister Gan Singaporeans to termi- vate medical insurance making any decision," he Kim Yong also urged nate their existing in region China: Insurers to face plans have been advised was reported as having people to consider care- Integrated Shield Plans. Malaysia's Tune INS to continue to maintain said by the Todayonline fully when deciding Associate Professor them until the details of news website. NTUC, a whether to give up their Holdings plans to further Phua Kai Hong, an expert penetrate into the MENA the government's univer- national federation of Integrated Shield plans, new rules for real on health policy and man- market through a tie-up sal medical insurance labour unions, has over saying that "they will agement at the Lee Kuan with partners there. The scheme, known as 700,000 members. One of have to consider the cost Yew School of Public markets the company is MediShield Life, have Singapore's largest insur- of coverage and the addi- Policy, said: "It is up to looking at include Saudi estate revaluations been firmed up. ers, NTUC Income, is tional premiums, not just the private insurance Arabia, Kuwait, Bahrain National Trades Union part of the NTUC family. when they are young, but companies to offer new and Egypt, reported The With an eye on con- their real estate invest- tor about risks faced by Congress (NTUC) assis- MediShield Life, to be ... when they get older". products and services. Sun Daily citing Tune Ins taining the risks of a real ments. Some insurance insurers. CIRC has also tant secretary-general, launched next year, Currently, more than They could add frills and CEO, Mr Peter Miller. Tune estate bubble in China, companies had exagger- said that it will focus Mr Zainal Sapari said would provide health 60% of Singaporeans- or give more than this basic Ins already has a presence the China Insurance ated the value of proper- more on risk prevention, that some union members insurance cover to all more than 2.4 million - MediShield plan, so we in a few Middle Eastern and Regulatory Commission ty by 5-10 times accord- and seek to avert any cri- had asked whether they Singaporeans for life. A have Integrated Shield don't know how the mar- African countries, such as (CIRC) has issued new ing to China Business sis. should stop their insur- committee looking into Plans, which provide the the UAE, Morocco, Qatar ket is going to respond." rules on the revaluation News. Last month, Mr Chen ance policies, such as the design of the univer- benefits and coverage of and Oman. "In the Middle The Life Insurance of real estate investments CIRC directed insurers Wenhui, a CIRC vice Income Shield Plan. sal medical insurance the basic MediShield tier, East, our airline partnership Association that repre- either held by insurance to submit documents chairman, warned in a "The advice we would scheme has also recom- with enhanced coverage came through a joint ven- sents the five insurers companies directly in the stating the purpose of newspaper article pub- give them is to hold on to mended that co-insurance provided by private insur- ture, so if the right opportu- offering Integrated Shield form of real property or real estate investments, lished in the Shanghai whatever insurance plans rates be lowered and the ers. nity presents, we could do Plans has said that there indirectly through stock board resolutions autho- Securities News last they have and wait, per- policy year claim limit be Meanwhile, a health (something) similar again," will be minimal impact he said at a press confer- holdings. rising the investments, month that Chinese haps until the details are increased, compared to analyst has said that the all out and the respective the existing government- proposed claims benefits on the private insurance ence in Kuala Lumpur last In a notice issued last property valuers' reports, insurers faced increasing insurance companies run basic health insurance in MediShield Life may premiums component of Friday. week, CIRC seeks to and rental contracts. The risks from their invest- have actually studied the scheme, Medishield. prompt many Integrated Shield plans. He was referring to the clamp down on over-val- move follows several ments in property and company's 50-50 joint ven- uation by insurers of warnings by the regula- local government debt. ture with Cozmo Travel, a unit of a fast-growing Indonesia: Concern over new MENA low-cost airline Air UAE: Emiratisation Arabia. Since last month, the company's Tune rule affecting bancassurance Protect travel insurance plan to develop plan has been made avail- A new non-bank finan- new rule would negatively ment deputy commission- superannuation proves able on Air Arabia's flights, cial regulation to be issued affect the industry's sales, er, Mr Lucky Fathul, told inadequate. which in the first quarter of insurance/banking managers by the Financial Services including those of Allianz, the Jakarta Post that the Government data shows 2014 alone carried 1.6 mil- Clear synergy exists Murabahah and 2007 by the Islamic Authority (OJK) soon may even though the insurer's regulator would issue new there was a 30% increase lion passengers, higher between takaful and other Musharakah financing Development Bank and hurt the bancassurance bancassurance segment is regulations governing the in the number of people than the historical average forms of Islamic financial (profit sharing models), IFSB. The Framework lay business, according to relatively low, equivalent non-bank financial sector, claiming the Australian of 1.4 million per quarter. services and this can be Istisna funding (financing out a roadmap for the Islamic insurer, Allianz to 12% of its total busi- including the rule on ban- age pension living over- "We look to keep grow- tapped to create significant of construction of building development of the Islamic Life Syariah, which is part ness, according to a news cassurance. One purpose seas between 2007 and ing our travel business faster than our airline new areas of business, and manufacturing of financial services industry. of insurance giant Allianz report in the Jakarta Post. is to make bancassurance 2012, reported the partners' growth," said Mr according to a report by the products and machines) "There has, however, Indonesia. The new regu- "Customers will be able operations more transpar- Sydney Morning Herald. lation will require banks to to find out how much a ent. Retirees on the gov- Millar, adding there is a Kuala Lumpur-headquar- and real estate investments not yet been any system- Over the same time, the slight increase in travel tered Islamic Financial could be required to have atic effort to tie in the pro- reveal the amount of com- bank earns from selling an ernment-funded age pen- total number of age pen- mission they receive from insurance product. I don't sion are moving overseas insurance sales after the Standards Board (IFSB) takaful protection, said the vision of takaful and sioners in the country MH370 incident in which and the Jeddah-based report which was produced retakaful with the provi- insurers. think it's something that where they can live more grew by only 17%. This Allianz's Shariah busi- banks are willing to cheaply, as the pension a Malaysian Airline plane Islamic Research & following a mid-term sion of Islamic financial means that more are went missing in the Training Institute (IRTI). review of the Ten-Year services and products," ness manage, Mr Abdul reveal," he said. fails to keep pace with the claiming their age pen- Chalik, predicted that the OJK strategic manage- cost of living and their Indian Ocean on 8 March Ijarah (leasing) pools, Framework published in said the report. sions while abroad. with 239 people on board. 9 Tuesday, June 17, 2014

Major Central Banks Overview Yen, Swiss franc rise on Iraq Central Bank Next Meeting Last Change Current Interest Rate Bank of Canada 7/16/2014 9/8/2010 1.00% conflict, Russia-Ukraine dispute Bank of England 7/10/2014 3/5/2009 0.50% Bank of Japan 7/10/2014 12/19/2008 0.10% NEW YORK: The yen and the Esparza, senior currency strate- 1.2714 francs respectively. month trough of $1.3503 earlier Swiss franc rose on Monday, gist at Oanda in Toronto said of FED FOCUS this month when the European European Central Bank 7/3/2014 6/5/2014 0.15% with the Japanese currency hit- the factors behind the safe-haven Rising oil prices due to geopo- Central Bank eased monetary Federal Reserve 6/18/2014 12/16/2008 0.25% ting a four-month high against bids for yen and Swiss franc. litical tension could hamper glob- policy. the euro, as investors sought safe- The dollar fell 0.23 per cent to al growth and may curb US cen- Sterling hit a peak of $1.7011, Reserve Bank of Australia 7/1/2014 8/6/2013 2.50% ty from Iraq's worsening conflict 101.82 yen at the low of the tral bankers from considering to its highest since August 2009 and a gas dispute between Russia month's trading range, while the raise interest rates too soon. before easing to $1.6986 in US Reserve Bank of New Zealand 7/23/2014 6/11/2014 3.25% and Ukraine. euro fell to a four-month low Analysts anticipate the Fed pol- trading. Swiss National Bank 6/19/2014 8/3/2011 0.00% Sterling climbed above $1.70 against the yen earlier before par- icymakers, who will meet on Bank of England Governor against the dollar for the first ing much of its decline, last at Tuesday and Wednesday, will Mark Carney said on Thursday Division of National Bank of Pakistan (NBP) time in nearly five years, with 138.08 yen in US trading. tighten policy about a year from U.K. rates might rise sooner than KARACHI, June 16,2014 Treasury Management Division of National Bank of Pakistan (NBP) investors betting that the Bank of Over the week, Sunni Islamist now. The greenback should rise traders expect, spurring bets the Monday issued the following Exchange rates: England will tighten monetary fighters solidified their grip on from such signals from the Fed. BoE may tighten policy before Countries Selling Buying Buying policy before the end of the year. northern Iraq in a bid to overturn "We expect the Fed to keep year-end. The pound rose further The dollar slipped as traders the Shi'ite government. withdrawing monetary stimulus on comments from BoE policy- TT & OD TT Clean OD/T.CHQ await for clues from the US On Monday, Russia cut off gas and we are positive on the dollar maker Charlie Bean, who said on U.S.A 98.20 98.00 97.80 Federal Reserve on the timing of to Ukraine in a dispute over in the medium term," said Geoff Sunday he would welcome the U.K 166.77 166.43 166.09 an interest rate increase amid unpaid bills that could disrupt Yu, currency analyst at UBS in bank's beginning to "normalise" doubts about the economic supplies to the rest of Europe. London. rates. EURO 132.98 132.71 132.44 recovery. The dollar and euro were also But the dollar fell against major The euro fell to as low as 79.59 CANADA 90.49 90.31 90.07 "You have the geopolitical weaker against the Swiss franc, currencies on the day. pence, a trough not seen since unrest and there are questions another safe-haven currency, The euro rose 0.16 per cent to October 2012 before bouncing up SWITZERLAND 109.16 108.94 108.65 about the US recovery," Alfonso trading at 0.8975 francs and $1.3565, not far from a four- to 79.65 pence. -Reuters AUSTRALIA 92.31 92.12 91.88 SWEDEN 14.77 14.74 14.70 Indian rupee South Africa's JAPAN 0.9649 0.9629 0.9604 hits over Sterling hits rand touches NORWAY 16.38 16.35 16.30 1-month low 3-month lows SINGAPORE 78.52 78.36 78.16 DENMARK 17.83 17.79 17.75 on ratings as oil prices, five-year high SAUDI ARABIA 26.18 26.13 26.06 inflation hurt LONDON: Sterling cards, we are not sure. But was 0.2 per cent lower at moves HONGKONG 12.67 12.64 12.61 topped $1.70 for the first these minutes may go 79.65 pence, having fallen JOHANNESBURG: CHINA 15.80 15.77 15.73 MUMBAI: The Indian time since August 2009 on some way to showing us." to 79.59 pence, its lowest rupee weakened to its low- South Africa's rand briefly Monday, adding to gains Before Carney's com- since early October, 2012. touched a three-month low KUWAIT 348.18 347.47 346.56 est level in more than a from last week after a sur- ments last Thursday, ana- "Strength could continue against the dollar on Friday MALAYSIA 30.46 30.40 30.32 month on Monday as surg- prise U-turn by the head of lysts had already been heading into Wednesday's ing crude oil prices threat- after ratings agency Fitch the Bank of England that speculating that the min- minutes," Citi analysts cut its outlook for the coun- NEWZEALAND 85.29 85.11 84.89 ened to push up domestic pointed to the prospect of utes would show his col- said in a morning note. inflation pressures and try, while a Standard and QATAR 26.97 26.92 26.85 higher interest rates this league Martin Weale had "Indications a more hawk- Poor's ratings cut also aggravate the country's cur- year. voted in favour of a hike in ish contingent are growing rent account deficit. weighed on the currency. U.A.E 26.74 26.68 26.61 Governor Mark Carney's rates now. closer to or in fact voted Alongside, data showed The rand fell 1.3 percent comments drove a surge Sterling gained more for hikes in June are likely KR. WON 0.0963 0.0961 0.0959 wholesale price inflation in to a low of 10.8100 to the India accelerated to a five- for sterling on Friday, and than 10 per cent in the past to spur on the recent rally." dollar, its weakest since late THAILAND 3.034 3.028 3.020 month high of 6.01 per cent his deputy, Charlie Bean, year on expectations a rap- Like many in the market, March, after Fitch affirmed in May, which further hurt added some fuel on idly improving UK econo- Foley said the pound's its BBB credit rating but the rupee and pulled it down Sunday, when he said he my would prompt the bank strength would be more cut the outlook to negative intraday to 60.23 per dollar, was optimistic about the to raise interest rates visible against the euro, from stable citing South Rupiah lead a level last seen on May 6. economy and would wel- before its peers in Europe undermined by the Africa's poor economic out- Brent crude rose towards come the bank's beginning and the United States. But European Central Bank's look and rising public debt. $113 a barrel on Monday to "normalise" interest the rally had stalled in the moves to loosen policy It also retreated slightly after a strong rally last week, rates. past month after Carney just as the BoE headed in after S&P cut its own rating as Sunni insurgents Analysts said the tone of warned markets in mid- the opposite direction. to BBB- from BBB, citing Asia FX losses as advanced in Iraq, intensify- the comments had firmed May not to expect swift A US Federal Reserve concerns about the impact ing concerns over a potential expectations that the min- action. meeting this week also of a prolonged platinum disruption to oil exports utes of the Bank's June That added to the impact may hint at when it will strike, coupled with weak from the second-largest meeting, due on of his remarks last start to raise rates after the domestic and external Iraq tension boosts oil OPEC producer. Wednesday, would show at Thursday that pricing for a projected end to its month- demand. India imports nearly two- least one member of the rate hike in the first half of ly quantitative easing pro- By 1754 GMT, however, SINGAPORE: the threat of rising fuel impact of higher oil prices thirds of its oil needs, leav- monetary policy commit- next year might be too gramme in September or the currency had recovered Indonesian rupiah led prices and general risk on Indonesia's current ing its currency especially tee had backed an immedi- conservative. Some ana- October. to 10.6830, down just 0.11 slides among emerging aversion that follows from account deficit and infla- vulnerable to price swings. ate rise in rates. lysts speculated he was "As long as the ECB percent from its previous Asian currencies on the situation in Iraq," tion. Traders were also seen "All of these remarks do moving to ensure he was maintains this dovish line close. Monday as the intensifying Scotiabank said in a client The official Jakarta buying the greenback as suggest the tide is turning not left behind by the con- sterling will remain strong Government bonds took Iraqi insurgency lifted oil note. Interbank Spot Dollar they looked to square off at the Bank of England," sensus on the council. against the euro and we the ratings announcements prices and dented appetites "We'd expect those Rate, which Indonesia's their short dollar positions. said Jane Foley, a currency Sterling gained as much could see it gain to as largely in their stride, with in the region for riskier nations at external account central bank launched last "As long as the Iraq crisis strategist with Rabobank as a third of a per cent much as 78 pence," Foley the yield on the benchmark assets. and budgetary risk to take year in an effort to manage continues, this should be the in London. "Whether that against the dollar to a five- said. "Against the dollar it The rupee hit a five-week rising oil prices more on exchange rate fluctuations, trend for the time being. 2026 issue ending only 5 means that a hike by the year high of $1.7011 may be more complicat- basis points higher at 8.415 low as crude prices hov- the chin than others with was fixed at 11,814 per And, if RBI doesn't inter- end of this year is on the before retreating. The euro ed." -Reuters ered near nine-month more flexible subsidy dollar, weaker than the pre- vene, and the Iraq crisis con- percent while the instru- ment maturing in 2015 highs. Offshore funds sold regimes," it said, adding vious day's 11,781. tinues, it will definitely the rupiah and the South the rupee and rupiah are Jakarta shares eased 0.5 remain below 60 to the dol- added just 1.5 basis points to 6.7 percent. Korean won. the currencies most promi- per cent, underperforming lar," said Ashtosh Raina, Sunni insurgents seized a nently at risk. most regional equity mar- head of forex trading at Australian dollar strong "Market reaction is blunt- mainly ethnic Turkmen Most emerging Asian kets. HDFC Bank. ed by the fact that a risk of city in northwestern Iraq currencies rose last week WON The central bank is a downgrade had largely expected to buy or sell dol- been priced in. Moreover, on Sunday after heavy as investors chased higher The won eased as off- lars to prevent any excessive despite Iraq crisis some had even spoken of fighting, raising concerns yields in the region as the shore funds cut holdings in volatility in the currency. the likelihood of a two- over disruption of oil European Central Bank the South Korean currency. In recent months, the cen- SYDNEY: THE rise for whatever reason, from that which could notch downgrade from exports from OPEC's sec- increased global liquidity South Korean exporters tral bank has been aggres- Australian dollar remains no one really is willing to cause some volatility and S&P," Standard Chartered ond-largest producer. with a policy easing this bought the won on dips sively buying dollars to pre- strong above 94 US cents, be shaken out of an shake the foreign analyst Razia Khan said. Asian shares fell as month. for settlements, but selling vent sharp gains in the rupee but that could change if Aussie dollar position. exchange market." Markets were also geopolitical tensions RUPIAH from offshore funds from hurting export growth the crisis in Iraq esca- "That's the overriding At 5pm AEST, the cheered by signs that a wage impelled investors to safer The rupiah fell, tracking caused local interbank while also building up its lates. story and it hasn't really Australian dollar was at deal between mine union assets. its overall weakness in speculators to look for foreign exchange reserves. At 5pm AEST today, the changed over the last few 95.76 Japanese yen, down AMCU and South Africa's "This week Asian FX non-deliverable forwards, chances to unload the cur- The partially convertible local currency was trad- weeks." Although the crisis from Friday's close of top three platinum produc- will have to contend with on worries about the rency. -Reuters rupee ended at ing at 94.07 US cents, in Iraq was not currently 96.02 yen, and at 69.47 ers was imminent, sig- 60.1550/1650 per dollar ver- down from 94.14 cents on affecting market volatility, euro cents, up from 69.40 nalling a possible end to the sus its previous close of Friday. that could change if the sit- euro cents. crippling five-month strike 59.76/77 on Friday. The currency traded uation worsens, Mr Attrill Australian bond futures that has disrupted global Sri Lanka rupee hits Equities also fell on within a narrow range said. prices were higher. output of the metal. -Reuters Monday, to their lowest today, between 93.84 and "If the geopolitical situ- At 1630 AEST on close in 1-1/2 weeks on risk 94.18 US cents, in the ation does get worse and Monday, the June 2014 aversion among investors absence of volatility, it causes a bit more of a 10-year bond futures con- Nigeria due to tensions in Iraq and near 1-year high on National Australia Bank scare on global equity tract was trading at Ukraine global co-head of FX markets, that could be a 96.240 (implying a yield Traders will now focus on strategy Ray Attrill said. source of market volatili- of 3.760 per cent), up naira up whether the dollar can gain "It still looks like ty," he said. from 96.200 (3.800 per LAGOS: Nigeria's naira more should the US Federal investors globally are still "The market is also cent) on Friday. firmed against the U.S. cur- inward remittances Reserve provide new hints fairly enamoured by the nervously awaiting the The June 2014 three-year rency on Monday, lifted by COLOMBO: The Sri "There is no new direc- the central bank would on the timing of interest rate yields on offer in Federal Open Market bond futures contract was inflows from offshore hikes when it concludes its Lankan rupee edged up tion for state banks. The keep intervening in the Australian assets," Mr Committee meeting later at 97.130 (2.870 per cent), investors participating in a two-day policy meeting on on Monday to its highest dollar is anyway under currency market to pre- Attrill said. this week and there's up from 97.100 (2.900 per debt auction this week and Wednesday. -Reuters level in nearly one year appreciation pressure. If vent a rapid rise in the "Until volatility levels some potential for news cent). -Agencies dollar sales from the local on strong inward remit- there is any excess dollars rupee. The central bank unit of Chevron, dealers tances while a state bank after state banks' import has absorbed over $400 said. lowered its dollar buying demand, we will buy million as of May 27 to The unit ended at 162.70 rate, dealers said. them," a central bank offi- prevent a sharp gain in Kenyan shilling slips naira to the dollar, up 0.25 The rupee was at cial said. the rupee. percent from Friday's close 130.23/25 per dollar at The central bank bought Dealers said the central of 163.10 naira. 0830 GMT, its highest dollars at 130.35 rupees bank's intervention has after coast gun attack Dealers said the local since June 28, 2013, and on May 30 and started prevented gains in the units of some international firmer than Friday's close lowering its buying rate currency and they expect NAIROBI: The Kenyan shilling Mpeketoni attack," said Chris Traders said the shilling was banks bought the naira on of 130.25/28. since then, allowing a the local currency to face edged down against the dollar on Muiga, a trader at National likely to remain trapped in a behalf of their offshore "There were heavy gradual appreciation in upward pressure until Monday after gunmen killed 48 Bank. range of 87.50-88.20 per dollar clients investing in inflows from remit- the rupee. credit growth and imports people in an attack on the coastal The assault at Mpeketoni was over the next few days, pending Nigerian assets, and tances," a currency dealer Central bank Governor pick up. town of Mpeketoni. the latest in a string of gun and news that could offer it a clear Chevron also sold $37 mil- said on condition of Ajith Nivard Cabraal told Sri Lanka's main stock lion. Commercial banks posted the bomb attacks that have hurt direction. anonymity. Reuters on June 6 that the index was up 0.31 per "We expect more dollar One of the two state rupee was facing some cent, or 19.40 points, at shilling at 87.95/88.05 early in Kenya's vital tourist business Such news could come from flows from investors buy- banks, through which the appreciation pressure and 6,356.62 as of 0837 the session, before it took back and which have been blamed on information on the level of ing treasury bills this central bank directs the the bank was allowing the GMT. Turnover was those losses to trade at 87.85/95, Somalia's al Shabaab militant demand the country will get week," one dealer said, market, lowered its dollar trend on a gradual basis to 869.6 million rupees where it had closed on Friday. group. Western nations have from its debut Eurobond for $1.5 adding that the naira could buying rate by two cents let all stakeholders adjust ($6.68 million), with "There was a knee-jerk reac- issued travel warnings in the billion, which is being marketed cross the 163 mark without to 130.23 rupees, dealers to the changes. 67.1 million shares tion to what I think is the wake of the assaults. abroad, traders said. -Reuters fresh inflows. -Reuters said. He had said earlier that changing hands. -Reuters 10 Tuesday, June 17, 2014

Wheat rises Crude oil rises as Iraq violence on bargain buying, soy up on tight old-crop fuels supply worry supply NEW YORK: Crude oil to see if crude oil exports John Kilduff, partner at Again below Friday's peak of seized a mainly ethnic encounter much greater resist- futures pushed higher in chop- would be affected and whether Capital LLC in New York. $107.68. The US July contract Turkmen city in northwestern ance. PARIS/SINGAPORE: py trading on Monday as the United States would inter- "Oil prices definitely keyed expires on June 20. Iraq after heavy fighting, inten- "If the US gets involved mil- Chicago wheat rose more than advances by Sunni insurgents vene to support the Iraqi gov- off Kerry's remarks," he added. "We've had the initial shock, sifying their grip on the north. itarily to suppress the insur- 1 per cent on Monday in a sec- ond day of gain on bargain buy- in Iraq fueled concerns over a ernment. Brent crude for August delivery now we need to see what sort Analysts and oil market par- gents then I would expect the ing after falling for the last five potential disruption to oil US Secretary of State John was up 17 cents at $112.63 a bar- of response there will be from ticipants await any sign of a price of oil to start to recede," weeks, while soybeans recov- exports from the second- Kerry said the United States rel at 10:49 a.m. EDT (1449 the Iraqis and how successful threat to Iraq's oil supplies, Dominick Chirichella, an ana- ered from last week's 2-1/2- largest OPEC producer. was considering air strikes to GMT), after touching an intraday they will be in containing this," most of which are hundreds of lyst at the Energy Management month low, underpinned by Both Brent and US crude help the Iraqi government fend high of $113.28. The July con- said Ole Hansen, senior com- kilometers south of the fight- Institute, said in a note. tight old-crop supplies in the added to last week's gains of off the insurgency, as well as tract, which expired on Friday, modity strategist at Saxo Bank. ing. Northern exports have run Meanwhile, a third export United States. more than 4 per cent, the most possible discussions with Iran. went off the board at $113.41 per "The rally now needs to be at a trickle for months, and cargo of piped oil from Iraqi Corn was also higher but still since July and December, "Kerry's comments con- barrel, the highest settlement supported by real concerns few had expected a rapid Kurdistan is scheduled to capped by crop-friendly weath- respectively, sparked by the firmed the notion that plans are since September 2013. about supply." recovery. depart Turkey's Mediterranean er in the US Midwest grain belt eruption of violence in Iraq. being readied to assist the US July crude was up 13 EXPORTS SAFE Should the militants advance port of Ceyhan on June 22, and that bolstered expectations for a The rally lost some steam on Maliki government to hold cents at $107.04 a barrel, after FOR NOW south of Baghdad, the capital, crude oil from Iraqi Kurdistan large autumn harvest. Monday as the market waited Baghdad and the south," said reaching $107.54 intraday, just On Sunday, Sunni insurgents analysts expect them to is flowing as normal. -Reuters Chicago Board of Trade front-month wheat rose 1.45 per cent to $5.94-1/2 a bushel Indian soyoil, by 1107 GMT after gaining 0.1 Copper rises on China Gold hits 3-week per cent on Friday. rapeseed "Traders are coming back in the market after the significant high on Iraq turmoil; losses recorded last week," one growth pledge as Qingdao futures jump; European trader said. Wheat fell to its lowest since late soybean falls platinum rebounds February last week, in Chicago MUMBAI: Indian soyoil and Paris, pressured by an probe concerns fade LONDON: Gold hit its highest potential disruption to oil accelerating Northern futures rose in line with the in nearly three weeks on exports from Iraq, the second- LONDON: Copper rose from 0.5 per cent higher at $6,690 a overcome a contentious tax that global market where palm oil Hemisphere harvest and abun- Monday, as turmoil in Iraq and largest OPEC producer. dant global supplies, despite last week's one-month low on tonne, extending small gains has halted concentrate exports prices jumped for a third Ukraine supported its safe- Gold is usually seen as a Monday as investors took heart from the previous session. for five months. straight day because of higher expectations for a smaller US haven appeal relative to high- hedge against oil-led inflation. hard red winter wheat crop. from China's efforts to stem any Copper prices have declined for LME nickel was seen consol- crude oil prices. er-risk assets such as equities, The fighting in both Iraq and growth slowdown, and as con- the last three weeks. idating around current levels for Rapeseed rose due to con- Egypt, the world's biggest while platinum gained ahead of Ukraine also drove a global wheat importer, has bought cerns over a Chinese investiga- The falls were prompted pri- the short term, broker Triland cerns of poor monsoon rains, the outcome of talks to end a shift into traditional safe- around 3.65 million tonnes of tion into warehousing fraud marily by investor concerns that said in a note. LME nickel while soybean fell due to weak strike in South African mines. havencurrencies. domestic wheat so far and will faded. a warehousing fraud investiga- closed 3.2 per cent higher at demand in the domestic mar- Investors often turn to gold But share markets fell, with stop buying local supplies on China is confident it will hit tion at China's Qingdao port $18,650 a tonne. ket. or other precious metals in the Nikkei in Tokyo registering June 20, the Supplies Ministry its growth target of 7.5 per cent would prompt banks to cut "There is a realisation among Oilseeds and soyoil futures times of political or financial its biggest fall in a month and said on Sunday. this year, Chinese Premier Li credit for metals financing, traders that prices have reached are likely to open higher in the trouble, as they can be per- European bourses deep in the Australian farmers are hold- Keqiang said on Monday, though they have been reas- a good level from which they next session on concerns over ceived as an insurance against red for the third time in four ing back new-crop wheat sales adding the government was sured by the fact that only one will probably not rise much fur- the production of summer- risk. days. on fears an El Nino weather ready to adjust policy to make merchant is being probed for ther in the near future," it said. sown crops due to forecast of Spot gold rose 0.4 per cent to Data from the Commodity pattern will slash yields, though sure it does. now. Aluminium closed 0.4 per lower rainfall. $1,281.36 an ounce by 1221 Futures Trading Commission their cautious approach means The Chinese economy In the wider markets, tensions cent higher at $1,853 and tin India's monsoon is expected GMT, having hit its highest on Friday showed that investor they risk losing sales to aggres- showed some signs of stabilis- over fighting in Iraq and closed at $22,450, down 0.7 per to bring below-average rainfall since May 27 at $1,284.85 ear- sentiment towards gold was sive European rivals in Asian ing in May as the government Ukraine spurred some investors cent. this year, with precipitation lier in the session. turning positive. Hedge funds markets. unveiled more stimulus meas- to shift into safe-havens assets Indonesia plans to reverse a between June and September US gold futures for August and money managers increased Front-month soybeans rose ures, but signs of further deteri- including commodities. rule that would have forced all seen between 90 and 96 percent delivery gained 0.6 per cent to their bullish bets in gold 0.5 per cent to $14.32-1/4 a oration in the property market "People generally allocate tin solder exports to trade on a of the long-term average. $1,282.20. futures and options in the week bushel, adding to a 0.7 per cent indicate more policy support towards commodities when local exchange from January Monsoon rains in India were "Escalating violence in Iraq to June 10, their first increase gain on Friday. But new-crop may still be needed. geopolitical risk increases, and next year, a trade ministry offi- 48 percent below average lev- is going to be bullish for gold in five weeks. beans gave up 0.15 per cent, China consumes some 40 per they tend to buy indices, which cial said, aiming to promote els in the week to June 11, data and technically we could see But traders also warned that falling for three out of four ses- cent of the world's copper, tends to ripple across commodi- shipments by the world's from the weather office showed another leg up pushing gold this week's Federal Reserve sions on expectations of ample "This year copper has dramat- ties and of course into metals," biggest exporter of the material. on Thursday, reflecting the late above $1,300," Societe policy meeting could bring supplies next year. ically underperformed the met- said Societe Generale analyst Lead closed 1 per cent higher onset of the annual rains over Generale analyst Robin Bhar caution to any rally in gold. "Soybeans are battling with als sector, and rightly so in my Mark Keenan in Singapore. at $2,106 while zinc rose 0.7 the southern Kerala coast. said. The Fed will conclude a pol- old-crop tightness compared view, but perhaps people are Oil prices rose over concerns per cent to end at $2,103.50. The key July soyoil contract "But safe-haven buying icy meeting on Wednesday, with a loose new-crop balance thinking it's gone far enough that the violence in Iraq will The global lead market was in was up 0.34 percent at 682 could only last until you have with markets watching out for sheet," said Brett Cooper, sen- to sell any profitable positions any signals on when the US (for now)," said BNP Paribas disrupt exports from the OPEC deficit by 12,000 tonnes in rupees per 10 kg. ior manager for markets at to make up margins for other central bank might begin rais- strategist Stephen Briggs. member, while the Dow Jones- January to April this year, a At 1242 GMT, the July rape- FCStone Australia. markets." ing interest rates. "The crush pace has been Sentiment was also boosted UBS Commodity Index and monthly bulletin from Lisbon- seed contract rose 1.15 percent Sunni insurgents seized a Among other precious met- very strong this year but plant- after data showed US manufac- S&P GSCI were both up on based International Lead and to 3,511 rupees per 100 kg, mainly ethnic Turkmen city in als, platinum rose after falling ing has been good and new- turing output rose solidly in Monday. Zinc Study Group (ILZSG) while the July soybean contract on the National Commodity & northwestern Iraq on Sunday sharply last week on expecta- crop export business has been May , bolstering expectations Indonesian government offi- showed on Monday. after heavy fighting, solidify- tions that the strike in South pretty quiet so far, so there is that economic growth would cials met major foreign copper The global zinc market was in Derivatives Exchange edged down 2.31 percent to 4,184 ing their grip on the north after Africa might be close to a set- nothing particularly bullish rebound strongly this quarter. miners on Friday, with the chief a 107,000-tonne deficit in a lightning offensive that tlement. about US beans." Three-month copper on the economics minister hoping a January to April, an ILZSG bul- rupees per 100 kg. SUGAR threatens to dismember Iraq. The leader of South Africa's The National Oilseed London Metal Exchange ended quick deal can be reached to letin showed. -Reuters Ukraine was also in the spot- AMCU union said on Friday a Processors Association (NOPA) Indian sugar futures fell on light after pro-Russian sepa- wage deal with the top three on Monday is expected to esti- profit-taking driven by ample ratists shot down a Ukrainian platinum producers was immi- mate the US soybean crush in supplies, though rising global army transport plane, killing nent. Platinum rose 1.2 per May at 126.984 million Tokyo futures prices limited the downside. Palm up for 3rd day all 49 military personnel on cent to $1,440 an ounce. It lost bushels, according to a Reuters Sugar futures are likely to inch lower on board. almost 4 per cent in the past poll. open higher in the next session Gold also gained some sup- two sessions on signs that a The US Department of on strong crude, but as India has increased the sub- port from rising crude oil five-month strike crippling 40 Agriculture on Thursday cut its weaker shares sidy for raw sugar to boost out- prices, with Brent up to near per cent of platinum produc- forecast for US 2013/14 end- put and exports. BANGKOK: The benchmark $113 a barrel after a strong tion could finally come to an stocks to 125 million bushels, a The key July contract was rally last week on fears of a end. -Reuters 10-year low. -Reuters Tokyo rubber futures contract poor export data drags down 0.16 percent at 3,026 slipped on Monday tracking KUALA LUMPUR: Monday's close, with prices rupees per 100 kg. weaker Japanese stock market, Malaysian palm oil futures rose trading between 2,420 and CHICKPEA but firm oil prices helped pare for a third straight day on 2,445 ringgit. Chana, or chickpea, futures losses, dealers said. Monday as a spike in crude oil Total traded volume stood at extended gains on buying at Iron ore futures fall; tight The Tokyo Commodity prices continued to stoke 50,012 lots of 25 tonnes, much lower levels and concerns over Exchange rubber contract for demand for the tropical oil, higher than the average 12,500 production of summer-sown November delivery fell 1.5 yen although disappointing export lots. Technicals showed palm pulses due to a delay in the to sttle at 199.6 yen ($1.96) per data for the first half of the oil faces resistance at 2,437 arrival of monsoon rains. kg. month capped gains. ringgit per tonne, and may drop credit curbs buying "TOCOM prices dropped in The July chana contract rose Brent crude rose towards towards support at 2,356 ring- SINGAPORE: Iron ore 661 yuan by midday. stay in the black. Vale's is line with share prices, but ris- $113 a barrel on Monday after a git, said Reuters market analyst 1.40 percent to 2,898 rupees futures in China and The July iron ore contract on higher at $75 a tonne due to ing oil prices helped prevent strong rally last week, as Sunni Wang Tao. per 100 kg. Singapore dropped on the Singapore Exchange the greater distance from rubber futures prices from insurgents advanced in Iraq, However, palm oil imports TURMERIC falling sharply," said a intensifying concerns over a from India, the world's top veg- Turmeric futures fell on prof- Monday to the lowest since dropped nearly 1 per cent to Brazil to China. Bangkok-based dealer. potential disruption to oil etable oil buyer, are expected to it-taking. their launch last year, reflect- $88.99 per tonne, its lowest "Mills are buying in small Japanese stocks dropped to a exports from the second-largest stay firm in the next few The key July contract fin- ing plentiful supply and since SGX launched the lots and they keep on pushing two-week low to close OPEC producer. months due to a drop in domes- ished down 1.07 percent at tighter credit that has slowed futures in April last year. prices down sharply," said an at14,933.29 on Monday, the Firm crude makes palm oil a tic cooking oil supplies and 6,280 rupees per 100 kg. purchases by Chinese mills Iron ore for immediate iron ore trader in Tianjin, lowest closing since May 30 as more attractive feedstock year-end festival demand, CUMIN SEED despite a more than 30 per delivery to China fell 0.7 per adding a softer real estate mar- oil prices extended gains as the option to produce biodiesel. traders said, which could sup- Jeera, or cumin seed, futures cent plunge in spot prices this cent to $90.90 a tonne on ket in China is also hurting insurgency in Iraq raised con- But weaker-than-expected port benchmark prices. edged lower on higher supplies year. Friday, its lowest since Sept. demand for steel. cerns about potential disruption exports raised concerns about Solvent Extractors' in the spot market. The weaker futures suggest 7, 2012, according to data The most-active October to oil exports. slackening demand for the trop- Association data on Monday The key July contract eased spot iron ore prices could compiler Steel Index. A break rebar contract on the Shanghai Brent crude rose to a near ical oil, pressuring prices. showed India's palm imports 1.89 percent to 10,880 rupees extend their drop to below $90 below the September 2012 Futures Exchange touched a nine-month high above $113 Exports of Malaysian palm jumped 22 per cent in May per 100 kg. a tonne later in the day to trough of $86.70 will put spot low of 3,009 yuan a tonne, its per barrel on Monday as Sunni products for June 1-15 fell 7.8 from a month earlier. Concerns GUAR SEED touch a fresh low since iron ore closer to levels last weakest since the exchange insurgents advanced in Iraq, per cent to 589,748 tonnes from that Indonesia, the world's top Guar seed futures eased on September 2012. seen in 2009. launched rebar futures in intensifying concerns over a a month earlier, cargo surveyor palm producer, could consume profit-taking, though the down- "Liquidity is a big issue at Down more than 32 per cent March 2009. potential disruption to oil Intertek Testing Services said. smaller volumes of biodiesel side was restricted due to con- the moment because many so far this year, iron ore prices That followed a further exports from the second-largest Another cargo surveyor than initially estimated, may cerns that production in the banks are not willing to open have been largely dragged decline in spot steel prices in OPEC producer. showed exports fell 8.3 per cent also weigh on prices, analysts next season may drop due to letters of credit," said an iron down by increased supply as China over the weekend, with Dealers said TOCOM senti- for the same period. "Crude oil said. lower-than-normal rainfall ore trader in Shanghai. miners led by Vale, Rio Tinto Tangshan billet falling 40 ment was quite weak after pries is very high, certainly it will "We estimate Indonesia may expected in north-western A probe into metal financing and BHP Billiton boost output yuan to around 2,760 yuan per finished below a major support encourage biodiesel activity," only consume 1.5 million kilo- India. deals in China's Qingdao port to sell more to top market tonne, traders said. said a trader with a foreign litres of biodiesel in 2014, level of 200 yen as it could trig- The July contract closed 0.47 has spurred caution among China. High inventories of iron ore commodities brokerage. "We which is 25 per cent behind our ger stop-loss selling again on percent lower at 5,265 rupees lenders, traders said, many of But with the steep drop in stocks at Chinese ports have thought it was a turning and the forecast," said CIMB Tuesday. which have already been trim- iron ore prices potentially also pushed mills to do "short market should rebound... But Investment Bank analyst Ivy per 100 kg. The most-active rubber con- ming their exposure to sectors closing up to 80 million rounds of restocking rather exports are not that good. I don't Ng in a note. CORN, WHEAT tract on the Shanghai futures think it will support the move- "This is negative for CPO Corn futures rose on con- plagued by overcapacity such tonnes of domestic mine pro- than aggressive restocking as exchange for September deliv- ment," the Kuala Lumpur- prices but could be offset by cerns over output of the rainfed as the steel sector. duction in China, the top for- seen in previous years", invest- ery fell 65 yuan to finishat based trader added. "Any rally lower supply due to drier weath- crop amid forecast of patchy Iron ore for delivery in eign miners stand to gain ment bank ANZ said in a note. 14,255 yuan ($2,300) per in this market is good to sell er in parts of Indonesia," Ng rainfall. September on the Dalian given their lower business Iron ore at Chinese ports tonne. rather than buy." added. "We remain optimistic The July corn contract was Commodity Exchange fell to costs, Wood Mackenzie ana- stood at 113.2 million tonnes The front-month rubber con- The benchmark September on medium-term prospects of 2.16 percent higher at 1,134 as low as 658 yuan ($110) a lyst Andrew Hodge said. as of June not far below a tract on Singapore's SICO contract on the Bursa Malaysia Indonesia's biodiesel usage as rupees per 100 kg, while the tonne, its weakest since the Rio Tinto breaks even at record high of 113.6 million Mexchange for July delivery Derivatives Exchange had we see progress being made July contract for wheat nudged bourse introduced the contract around $43 a tonne, while tonnes reached the prior week, was last traded at 167 US cents edged up 0.1 per cent to 2,428 to improve the logistical up 0.33 percent to 1,511 rupees in October. rival Australian miner BHP according to Steelhome which per kg, down 1.0 cent. -Reuters ringgit ($753) per tonne by issue." -Reuters per 100 kg. -Reuters It was down 0.6 per cent at needs a $45 iron ore price to tracks the data. -Reuters Continuations 11 Tuesday, June 17, 2014

No #1 Continued from page 1 ed. On one side, we were engaged in peace dialogue while on the "I and Chief Minister Pervaiz Khattak came to know about the other, our children, women and men were being killed. On one operation through TV. We were not taken into confidence," he side, we were having peace talks with them while on the other, they were making bloodshed from Islamabad district courts to Mueller fires German said. The PTI chief said that Nawaz Sharif should show have Karachi Airport," the Prime Minister remarked. announced the launching of military operation, not army. Khan He said the government was well cognizant of the difficulties maintained that government should negotiate with groups, who and losses to confront during this course but the enemies of Pakistan and its people left it with no other option. rout of Portugal are still willing for peaceful settlement. Nawaz Sharif said despite bearing loss of thousands of lives of "Have we thought about 7000, 000 people residing in North Ronaldo's inclusion after civilians and armed forces personnel, the government had decid- Waziristan? Where will they go during the bombing," he ques- injury problems and although ed to keep the peace above, but this effort was foiled. tioned. The PTI chief said that government should take the polit- he began the day with wild "We have decided to make Pakistan a land of peace. I am sure ical parties on board about the post-operation scenario. - Online screams meeting the mere that this operation will herald a new era of peace and security mention of his name, jeers Continued from page 1 where we would be able to realize our dreams of public progress No #2 soon rang around the Fonte and prosperity," he said. cancelled, adding that the authorities were fully prepared to Nova arena as his infrequent He apprised the Senate and National Assembly that throughout cater to any health emergency cases. touches came to little and all the dialogue process, both civil and military leadership had not Director Federally Administered Tribal Areas (Fata) Disaster but one of his trademark free only been consulting with each other but also took all decisions in Management Authority Arshad Khan told a private TV channel kicks disappointed. harmony. that a registration point has been set up at Saidgai to assess the With German Chancellor He said the decision of a decisive military operation was also number of families moving out of the North Waziristan Agency. Angela Merkel watching in the taken after mutual consultations and complete harmony following He added that a camp has also been set up at Baran Dam area of crowd, it was Mueller who unabated terror incidents, particularly attack on Karachi airport. Frontier Regions Baka Khel Bannu to facilitate the people mov- took the crowd's appreciation, He said worship places, educational institutions, bazaars and ing out but most of the families were moving to their host fami- completing the first hat-trick even playgrounds were not secure. The country's playgrounds lies present in other districts. of the tournament after 78 were eagerly awaiting foreign teams, while snow clad peaks were Deputy Commissioner Dera Ismail Khan, Iftikhar Ahmed said minute when he prodded home missing the climbers and cities, towns and bazaars were living that about 1500 families had moved to the district from the North a spilled Andre Schuerrle under a shadow of terror. Travel advisories were being issued. Waziristan Agency and a registration process was started to facil- cross. The menace of terrorism had inflicted a loss of $103 billion to itate them. The victory extended the economy, he said, adding the prestige of Pakistan among the The internally displaced persons (IDPs) were also moving out to Germany's run of having won comity of nations was badly damaged. BRAZIL: Thomas Mueller's the milestone, Germany were other cities like, Lakki Marwat, Bannu, DIK, Peshawar, and even every opening World Cup He said yesterday there could be diverse opinion regarding the hat-trick inspired Germany to in the mood to party and went the major cities of Punjab and Sindh. - Online match since 1990 and they operation, but now it should be stopped henceforth. a ruthless 4-0 mauling of 10- 1-0 up on 12 minutes through a have scored at least four No #3 Continued from page 1 The whole nation, civil society and media should rally behind man Portugal in their opening Mueller penalty after the goals in five of those seven No operation in civil populated areas has been started so far. the armed forces in their ongoing operation against terrorism, he World Cup Group G match on clever Mario Goetze wriggled games. North Waziristan Agency has been isolated by deploying troops urged. Monday and underlined their away from Joao Pereira and "We worked hard to create along its border with neighboring agencies and FATA regions to The Prime Minister opined that the political leadership of the credentials as serious title con- was hauled down. goal chances, the team played block any move of terrorists in and out of the Agency. country always played a vital role on national issues and tenders. Hummels powered home the well and didn't let them have Troops have cordoned off all terrorists bases, including the town expressed the hope that they would again remain on the same Billed as a clash of European second from a Toni Kroos cor- of Mirali and Miranshah. page. heavyweights, the Germans ner on 32 minutes before many chances," Germany Seven fleeing terrorists were killed on the outskirts of Mirali last He also urged the Ulema to guide the people so that extremism ignored the sizzling Salvador Mueller, top scorer at the coach Joachim Loew told a night. In a separate sniper action by Special Service Group, three and terrorism could be eliminated, which had harmed the basic heat to deliver a sizzling World Cup four years ago, news conference. terrorists were killed, while laying IEDs close to Miranshah. Islamic teachings of tolerance and forbearance. attacking display that ensured stole in ahead of a sleepy "We played fast in the first Security has been beefed up all along Pak-Afghan border to He said the history of valiant people showed that they were fully the game was over as a contest Bruno Alves to smash in the half to get our chances. In the check terrorists fleeing from area. capable of taking the bull by the horns and expressed his optimism by halftime. third in first-half stoppage- second half it was a different Afghan National Army and Afghan Border Police have also that on this critical juncture of the history, the nation Portugal could not cope with time. match, to play economically in been requested to seal the border on their side to facilitate elimi- would further prove its tradition of steadfastness and determina- their opponents' pace and The task was made even this heat and keep control of nation of terrorists fleeing across the border. tion. movement and were 3-0 down harder for Portugal by a need- the ball." They have also been asked to initiate immediate measures to "The living nations always change their destiny with strong by the interval as Mueller, less 37th minute red card for The demolition will send a eliminate TTP terrorists and their sanctuaries in Kunar, Nuristan determination," he added. marking his 50th international, Pepe. The defender, furious at strong message to Germany's and other areas of Afghanistan. He assured the two houses that with the grace of Allah scored either side of a thump- what he felt was "simulation" rival title contenders in Brazil Three soldiers were injured last night in exchange of fire with Almighty, the government would change fate of Pakistan by mak- ing Mats Hummels header. by Mueller following a slight and left Portugal looking nerv- terrorists around Mirali. ing it a cradle of peace, where the security of life and property "Three goals in one match, in collision between the two, was ously at qualification with An orderly and dignified evacuation of civil population out of would be ensured, leading it on the path of progress and prosper- the opening match against sent off for pushing his head games against the US and Agency is being ensured. ity. such an opponent is just great," into the German's face as he Ghana to come. Necessary Logistics and administrative arrangements for IDPs The Prime Minister made it clear that special centers would be Mueller, whose side are bid- sat on the ground. "We have to analyse this in have been completed by Political Administration and Disaster set up for those who opted for the path of peace. The government ding to end a 18-year title The interchanging attack of all calm," Portugal coach Management Agency. Registration points and IDP camps have would provide all opportunities of life to peace-loving people. drought, told German televi- Goetze, Mueller and Mesut Paulo Bento said. "We tried in been established at Bannu. He said special canters had been set up for the affected people sion. Ozil bamboozled Portugal, the second half but didn't suc- Federal Minister for Information and Broadcast Pervaiz of operation and Federal Minister Lt. Gen. (Retd) Abdul Qadir "We got into the match real- whose talisman Cristiano ceed. We lost the match in the Rasheed said that government has decided to take the media into Baloch would personally supervise the operation, besides ly well and had some half Ronaldo was left a frustrated first half and couldn't change confidence regarding the operation against terrorism, electronic coordination between federal and provincial governments. chances then suddenly we observer for much of the that in the second half. and print media will be briefed separately. The Prime Minister expressed the hope that the operation would were ahead 2-0. In heat like match as the German midfield "Germany played well, two He said we will not rest till the elimination of terrorism. also get the support of Khyber-Pakhtunkhwa government. KPK this a lead like that is a great dominated proceedings. right away and three in the first Pervaiz Rasheed said under the circumstance the operation has Governor Sardar Mehtab Ahmed Khan Abbasi had been directed advantage." half. Then we lost Pepe. Our become indispensable therefore government decided to take to ensure well-being of the affected people. In their 100th World Cup WILD SCREAMS: counter attacks didn't really media into confidence and PM will meet the responsible people of He also appealed to the tribal people to play their full-fledged match, the first team to reach Much had been made of succeed either.-Agencies electronic and print media soon. role in the operation. The time had come to free the tribal belt He said we hope that media will become reflector of public from the game of fire so that its people should play their role in with the hare and hunt with the hound he said and asked that the Prime Minister take the nation into hopes; the challengers of government writ will soon meet their the country's development. confidence over all these issues. - NNI end. The enemies of the nation and country will be treated as ene- Nawaz Sharif expressed the hope that the people of Federally mies. Administered Tribal Areas (FATA) would play their historic role No #5 Continued from page 1 Awami National Party (ANP) here on Monday announced to during this phase. and its historic links with Afghanistan are also a known fact. Prime Minister's Special Assistant on fully support the government's military action against the local He said the government and armed forces applied full restraint Foreign Affairs Syed Tariq Fatemi will accompany the PM in the visit, the sources said. and international terrorist in the North Waziristan Agency. but they had to launch the operation and the entire nation stood Implementation of regional projects, including CASA-1000 project will be discussed in the course Talking to media outside the Parliament House, ANP acting behind them. of the conversations. President Haji Muhammad Adeel said, "ANP has always stood for The Prime Minister said that the armed forces were fighting the "Also, Nawaz Sharif will consider other areas of bilateral cooperation with the officials of the establishment of writ of the state in every part of the country war of integrity and they had full support and prayers of all the Tajikistan", sources added. - Online as we had opposed to the existence of a state within a state." people. No #6 Continued from page 1 He said ANP was the party with the highest number of martyrs Making it clear, he said that the country would not be allowed holed up in the Agency and have picked up arms against the state of Pakistan. in the struggle against terrorism. to become a sanctuary for terrorists. He expressed his determina- He directed all concerned to undertake special measures towards diligent management of IDPs in He asked the government to strictly focus the military action tion to construct a Pakistan where there would be no carnage, conjunction with the relevant civilian agencies. against the terrorist and take every possible precautionary meas- rather a dawn of peace and prosperity would emerge and the COAS reiterated that with the support of the nation, particularly of our proud tribal brethren, ure to avoid the collateral damage. whole world would look towards it as a progressive nation. Operation Zarb-e-Azb will be concluded successfully and comprehensively. - Agencies "We hope that the government will adopt comprehensive strate- Meanwhile, speaking in the Senate on Monday PPP Senator gy based on military, political, administrative and socio econom- Farhatullah Babar while supporting resolute action against No #7 Continued from page 1 ic measures to curb terrorism in the country. In the operation extremist elements demanded answers to four questions. masters. Taliban are now in face-to-face confrontation with the government. against extremist no distinction will be made between good and First, why the military and not the civilian government "Any of important gov't installation and institution could become the target of the Mujahideen. We bad terrorist," he added. announced the operation, he asked. He said the widespread per- warn all foreign investors, airline companies, and the multi-national companies to suspend their Adeel asked the government to take effective measures to deal ception that the military decided to launch the operation forcing affairs with Pakistan and start preparation for leaving the country. Otherwise they would be respon- with the challenges faced by the IDPs. the foot dragging civilian government to follow it willy-nilly sible of any harm to them." Opposition parties, except Jamiat Ulema-e-Islam Fazl Monday would only exacerbate the civil -military divide and not serve the He said all their money is used against the people of tribal regions. "The TTP will not forgive any supported the operation in North purpose of a united front against the militants. such institution." Waziristan Agency (NWA) and assured their cooperation for Second, what plans had been put in place to rehabilitate the The Taliban spokesman invited Balochs, Sindhis, Pashtoon and what he called the Islam-loving achieving lasting peace in the country. internally displaced persons as was done by the PPP coalition gov- Punjabis to unite for freedom. Speaking in the National Assembly Chairman Qaumi Watan ernment at the time of the launch of operation in Swat in 2009? In Meanwhile, the Pakistani Taliban has warned foreign firms to leave the country after thousands of Party Aftab Ahemd Khan Sherpao said his party wanted peace and the absence of a proper plan to tackle the mass exodus of people troops launched a long-awaited offensive in a troubled tribal district along the Afghan border. supported peace endeavors of the government in North Waziristan from North Waziristan we will only add to the frustration and "We hold Nawaz Sharif's government and the Punjabi establishment responsible for the loss of Agency (NWA). alienation of the affected people, he said. tribal Muslims' life and property as a result of this operation," the statement said. He said 250,000 IDPs were already facing problems. Elaborate Third, he asked about the status of the so called national inter- "The retaliatory actions of the Mujahedeen will make you a cautionary tale in history." arrangements must be made for providing facilities to new IDPs nal security policy announced with much fanfare by the interior Shahid added that the Taliban would "burn your palaces in Islamabad and Lahore" referring to the of NWA. minister some three months ago. capital city and Sharif's hometown, from where he derives his support base. Sahibzada Tariqullah of Jamaat-e-Islami supported peace efforts He said that the Security Policy had promised to develop a "Remember that you will once again crave for negotiations and peace, but then it would be too of the government and said that opposition prays for the success national narrative on militancy, de-radicalize society, carry out late," he added. - Agencies of the operation. legal reforms in six months, reform the over 23,000 madaris in Every Pakistani wants peace in the country. one year and bring the 26 intelligence agencies under one plat- No #8 Continued from page 12 The suggestions of opposition must be listened for achieving form but no allocations had been made in the budget for achiev- The court remarked "you have 15 days and we can ask that the matter be fixed for hearing this lasting peace in Fata. ing any of these goals. The attack on Karachi airport has exposed week." The court while adjourning the hearing of the case referred it to the CJP for constitution of He asked the government to allocate funds for IDPs of NWA. the so called coordination between the 26 intelligence agencies new bench. - Online Member National Assembly from FATA Shahabuddin said for promised in the policy. No #9 Continued from page 12 the last 35 years people of FATA have been deprived of their basic He said there was not a single sentence in the Finance Minister's appeared to be mugging citizens. rights. budget speech about ending extremism or about achieving any of Senior Superintendent of Police (SSP) Nazimabad Muqadas Haider confirmed that ASI Asif He said no attention had been paid to education sector and eco- the goals laid down in the national security policy. Mohammad was killed in the encounter in Nazimabad no. 2. nomic revival in the FATA. Fourth he said the question whether we still patronized some The gunmen were also injured during the encounter but managed to escape from the site of the He said most of the people in the area are living below the militants for advancing unexplained external security goals will incident. - Online poverty line. He said very low amount had been allocated for remain un-answered as the policy was led by the security estab- FATA development and other projects. lishment rather than the elected government. No #10 Continued from page 12 Fata people should be given quota in forces and allocated devel- You cannot achieve internal security as long as you patronize Fisherman Cooperative Society's Nasir talking to media said that all the victims were fishermen opment funds as per population ratio. Fata should be given status. some militants for external security purposes. The issues in deal- who went for deep sea fishing. He said their bodies were recovered today and the process of their Maulana Amir Zaman of Jamiat Ulema-e-Islam Fazl (JUI-F) ing with militancy are not only of efficiency or capacity but also identification was under way. Gadani is a coastal village of Balochistan's Lasbela district, some 50 said his party Opposes operation in NWA as they believe that the of duplicity in our policy, he said. kilometers from Karachi. - NNI operation was not solution of the problem. Dialogue is best way The efficiency and capacity part of it required allocation of Continued from page 12 for resolving issues, he added. resources in the budget; the duplicity in policy part requires that No #11 Dr Ghazi Ghulab Jamal of Fata supported the operation. He the civil government takes the lead, he said. recommendations for budget 2014-15 and hoped that the National Assembly would incorporate stressed proper facilities for IDPs of NWA. He demanded a devel- Unfortunately, there is neither any provision in the budget to these suggestions. opment package for uplift of Fata and provision of basic ameni- improve capacity nor the political government seems in charge to Leader of the House also appreciated the working of Senate Committee on Finance for early com- ties to people of tribal areas.-Agencies reject the duplicity in policy at the national level. pletion of the recommendations within a limited time period. - APP Continued from page 1 We wrongly assume that FATA alone is the Petri dish of terror- No #12 Continued from page 12 No #4 ism. "We were left with no other option. We have given priority to Journal (WSJ), a US defense official said that the Pentagon wasn't aware of Pakistan's decision to That is why the North Waziristan alone is bombed whenever an launch a new offensive in N. Waziristan. peace, to make the motherland a cradle of peace," he noted. attack takes place in Islamabad, Lahore or Karachi or anywhere The Prime Minister said the people were witness to the fact that Rear Adm. John Kirby, the Pentagon press secretary, said the attacks on the Karachi airport were else. That is why no action is taken against the sectarian and other a stark reminder of the constant dangers Pakistan faces from militants, the US paper stated. government's goodwill offer was not taken in its real spirit as the extremists allied to the security establishment. That is why the terrorist activities continued during the dialogue process. "The Pakistan military and the government understand the threat, and they continue to go after that outlawed Jaish and its leaders have continued its activities despite threat," WSJ quoted Kirby as saying. - Online "The government carried on its peace endeavour by showing ban on it. patience," he said, adding that it was unfortunate that the four and Can we really ensure internal security by protecting and even No #13 Continued from page 12 a half months long dialogue could not make headway towards patronizing some militants for our external security, he asked. The revolution will come the moment government attempted to expel me and bar my way," said peace. We cannot fight militancy with this duplicitous policy. Internal Qadri who held a five-day sit-in at Islamabad's D-Chowk in January last year and called for elec- "The world knows as on one side, we were holding talks with security will elude us as long as we use some militants for pursu- toral reforms in Pakistan. these groups and on the other, our installations were being target- ing external goals. Internal security will elude us as long as we run However, he boycotted the general elections. - Online 12 Tuesday, June 17, 2014

Six soldiers Removal of Mush name from ECL martyred in SC admits petition IED blast PESHAWAR: Six soldiers were martyred and three against SHC decision injured in an improvised explo- ISLAMABAD: The hearing." appeared before the court sive device (IED) blast in North Supreme Court has Justice Asif Saeed and told that the matter Waziristan Agency on Monday. admitted for hearing peti- Khosa has remarked was of public interest According to ISPR, the tion filed against Sindh "Sindh High Court (SHC) therefore, it should be explosion occurred between High Court decision on has given the time of 15 heard as soon as possible Afghan border and Ghulam removal of former presi- days then what is the and it will be better if it is Khan. - APP dent Pervez Musharraf need to become so hasty. heard today. from ECL and directed We will hear it in next The court remarked 20 bodies of SC office to fix it for week." "the matter before it is to hearing in the current Justice Ejaz Afzal Khan hear the case early. The week. observed "how can we original petition is not fishermen Justice Saqib Nisar has issue order in respect of a before it for hearing nor remarked "fixing cases in matter which is not any number has been recovered any bench for hearing is before us." marked on it. We go to KARACHI: Bodies of at least domain of Chief Justice A 3-member bench of say the office to mark 20 fishermen were recovered of Pakistan (CJP). We SC presided over by number on it." from the sea at Gadani coast of will hear it when he Justice Saqib Nisar took AG said if the matter Balochistan near Karachi on comes. On the other hand up the case for hearing was delayed then petition ISLAMABAD: Advisor to the PM on National Security and Foreign Affairs Sartaj Aziz in a meeting with UN Secretary Monday. the original petition is not Monday. would become ineffective. General?s Envoy on Youth Ahmad Alhendawi.-APP Initial reports said all the with us for the purpose of Attorney General (AG) See # 8 Page 11 fishermen drowned in the sea Govt committed to unhindered oil & gas exploration activities due to tropical cyclone 'Nanauk' which partially hit Gang war gangster coastal areas of Pakistan a cou- ple of days ago. Pak Navy fully ready See # 10 Page 11 killed in encounter Senate observes KARACHI: One gang- reached the sites, the sus- to be involved in several ster was killed while two pects opened fire at the criminal acts, including 1-min silence others sustained injuries police. In retaliatory fir- murder and abduction. to guard country's in an exchange of fire ing, one gangster Ghaffar He was also the cousin of for Handery between the police and a Niazi was killed while Ayaz Niazi alias Bhoora gang in the Lyari area of two others were injured who was killed last year ISLAMABAD: The Upper Karachi, Ghaffar Niazi, a critically. in October. House of the Parliament on gangster associated with According to the police, Lyari is one of the poor- maritime interests: PM Monday observed a one-minute the gang war in Lyari, Niazi was involved in est and most violent silence to mourn the murder of was killed on Monday in several cases of murder, neighbourhoods of ISLAMABAD: Prime Pakistan Navy attended the Member of OMV, Erwin opportunities for the local Handery Masih Baloch, a mem- a police encounter in attempted murder and Karachi where clashes Minister Muhammad briefing. Kroell, SVP Middle East youth," PM said. ber of Balochistan Assembly. Karachi's Moosa Lane kidnapping for ransom. between rival gangs Nawaz Sharif on Monday The Prime Minister on and Caspian Region, and "Supply of indigenous Speaking on a point of order, located in the city's Lyari He was considered a linked to political and said Pakistan Navy is fully arrival at the Naval H.E Axel Welch, Austrian gas is the major component Leader of the House in Senate Town. key figure in the gang ethnic groups erupt con- prepared and geared up to Headquarters, was received Ambassador were also of our total energy mix and Raja Zafar-ul-Haq condemned The police received war, DIG South Abdul tinuously. safeguard the country's by the Chief of the Naval present during the inaugu- mainstay of our economy. the murder of Handery Masih information about the Khaliq Shaikh said. Meanwhile an Assistant maritime interests includ- Staff, Admiral Muhammad ration ceremony. Indigenous gas saves and asked the chair to observe presence of gangsters A huge cache of arms Sub Inspector was killed ing defence of sea frontiers. Asif Sandila and was pre- Prime Minister admired Pakistan billions of dollars one-minute silence. belonging to the Sheraz and ammunition, a num- in a police encounter in During his visit to the sented the guard of honour the team of OMV and its in foreign exchange as it Earlier, Raja Zafar-ul-Haq Comrade group, which is ber of walky-talky sets Karachi's Nazimabad area. Naval Headquarters here, by a contingent of the joint venture partners i.e., constitutes about 50% of congratulated Chairperson one of the gangs involved and hand grenades were The inspector was the Prime Minister said the Pakistan Navy. GHPL, OPL and Zaver our energy mix. I am also Senate Committee on Finance in Lyari gang war, in recovered from Ghaffar's killed during an exchange government will provide Later, the Prime Minister Petroleum for their commit- pleased to know that Nasreen Jalil for presenting these areas. possession. of fire with gunmen who full support for the develop- was introduced to Principal ment, resolve and hard work Pakistan is going to See # 11 Page 11 When the police The deceased was said See # 9 Page 11 ment plans of Pakistan Navy Staff Officers serving at the in achieving successful com- achieve production of over to ensure that it remains a Naval Headquarters. pletion and commissioning 100,000 barrels of oil per balanced and effective force Prime Minister of Mehr Gas Plant. "It is day by the end of this capable of meeting the Muhammad Nawaz Sharif encouraging to know that year," PM further said. future challenges. Prime Minister on Monday OMV has been immensely "We invite OMV and other The Prime Minister said assured that the contributing to the oil and international companies to the government fully real- Government of Pakistan is gas sector of Pakistan, since come forward and take izes the importance of mar- committed to provide commencement of its opera- advantage of our business itime sector including its secure and peaceful work- tions in 1990," PM added. friendly policies," PM said. great economic potential ing environment for unhin- "I also appreciate that Earlier the PM was due to international trade dered oil & gas exploration OMV has also undertaken briefed that on the commis- carried out through the sea. activities in the country. a number of initiatives sioning of 2nd Phase of He expressed confidence The Prime Minister inau- focusing on community Mehr Gas Plant Facilities, over the professional capa- gurated the Mehr gas education and health production of gas will rise bilities of the Pakistan Navy. Processing Plant which through several community to 80 million cubic feet gas Earlier, a detailed opera- will produce 30 million development schemes for per day and condensate tional briefing was given cubic feet gas per day and the population in and production will be by Deputy Chief of Naval 3,300 condensate barrels around the areas of its con- enhanced to 8,800 barrels Staff (Operations) on the per day. cessions. These communi- per day. LPG production operational preparedness Khawaja Muhammad ty development schemes will be up to 170 tons per of Pakistan Navy. Federal Asif, Minister for Defence, provide quality education day. Both the Phases of Minister for Defence Shahid Khaqan Abbasi, and health facilities to the Mehr gas field has cost Khawaja Muhammad Asif Minister for Petroleum, population of Mehr area around US $ 440 million. - and senior officers of Jaap Hujskes, Board and provide employment Agencies Iran launches satellite SBP mops monitoring system up 44.4bn ISLAMABAD: Iran has launched a tered services using electronic devices. in OMO satellite monitoring system dubbed Eumetcast network satellite gathers, KARACHI: State Bank of "Iran Sat" in Alborz Space Center, in the processes and sends images mainly for Pakistan on Monday mopped Central part of the country. weather forecasting. It is working joint- up Rs 44,400 million during its The center includes a receiving sys- ly with European countries and open market operation (OMO); tem of "Unisean-36" for receiving satel- European Space Agency. with 9.15 percent rate of return. lite images of "Modis" and another sys- Unisean-36 receiving system was The bids offered for 3-days tem for receiving image and data from launched by a construction company in mop up amounted Rs 44,800 Eumetcast satellite network, the Iranian Alborz Space Center in April. It is now million. - APP students news agency reported. receiving measuring Modis images of "Iran Sat" presents band width serv- Terra and Aqua satellites which are US not taken ices on Badr-5 joint telecommunica- capable of receiving remote-sensing tions satellite. It also uses fully-cen- images. - APP into confidence over operation Qadri supports WASHINGTON: Pakistan did not take US into confidence over launch of North Waziristan operation, accord- NWA operation ing to a US newspaper. According to the Wall Street ISLAMABAD: Pakistan Awami council level," he said. See # 12 Page 11 Tehreek (PAT) leader, Dr. Tahir ul Qadri was of the view that negotia- Qadri, has announced to support tions with banned Tehreek-e-Taliban Militants kill Pakistan Army's operation in North Pakistan (TTP) were a 'cover' for terror- Waziristan. ism and a 'conspiracy' against Pakistan Addressing a press conference army. 48 in Kenya through video link, the anti-Taliban reli- Qadri, who has been living in gious scholar said that military offen- Canada, announced to arrive in attack sive in the tribal area is an "important Pakistan on June 23 at all cost. "I will MOMBASA, Kenya: At least 48 war for Pakistan's integrity." return home as per my program," he people are confirmed to have died "Army has always been Pakistan's reiterated, and warned the govern- in an overnight attack by suspected guardian on internal and external fronts. ment over any attempt to expel him. Shebab militants on the Kenyan It's a great jihad for country's defence The PAT chief had announced to coastal town of Mpeketoni, the which we fully support. I assure the arrive in Pakistan to kick off his "move- Kenyan Red Cross said. armed forces that this nation is ready to ment against corruption and not against "The death toll has risen to render any sacrifice," said Qadri. democracy". He seeks army security 48," the organisation said on its "Complete cooperation with army is upon his homecoming. Twitter feed, as local officials every citizen's duty, he said and went on "I'm a Pakistani citizen and coming said security forces were still saying that the PAT workers should back to my Pakistani passport. searching for victims of the form defence committees on union See # 13 Page 11 attack. - AFP Printed & Published by Shakil Haider Jafri at DRC Printing Press for Data Research Communication (PVT) LTD, 111-C, Jami Commercial Phase VII, DHA Karachi.