VOLUME 16 | N o 72 Lahore Regd No. CPI 251 LAHORE 6P3 INTERNATIONAL 6P7

Buzdar The Eye on China, announces Biden holds huge funds for first summit new projects An English Daily published simultaneously from Lahore and Faisalabad with Japan, India, Australia PAGES 08 | R s 15 Buwww.thesbusineiss.cnom.pk eRsajab-ul-sMuraj 28 1442 Saturday, March 13 , 2021

g Afridi (54 votes) secures Senate deputy seat, Haideri receives 44 Sanjrani wins Senate Chairman slot with (48) votes, Gilani (42) loses From Our Staff Correspondent Syed Muzaffar Hussain Shah as the Earlier today, the newly-elected 48 Faraz, Liaquat Khan Tarakai, Faisal Presiding Officer. The polling members of the Upper House of the Saleem Rehman, Zeeshan Khan ISLAMABAD: The members of process continued from 03:00 pm Winner Defeated Parliament, Senate took oath during Zada, Dost Muhammad Khan, Upper House of the Parliament on to 05:00 pm without any interval. the specially convened session in Is - Muhammad Hamayun Mohmand, Friday elected by a majority vote The members of Upper House of lamabad. Senator Muzaffar Hussain Sania Nishtar, Falak Naz, Gurdeep the government-backed Sadiq San - the Parliament on Friday elected by Shah, nominated as presiding officer Singh, ANP’s Hidayatullah Khan jrani as Chairman Senate. a majority vote the government- by President Arif Alvi, chaired the and JUI-F’s Atta-ur-Rehman. From Under the Senate election rules, backed Muhammad Mirza Afridi as session and administered the oath to Balochistan, the 12 elected mem - the Upper House of Parliament deputy chairman. Ex-FATA the members-elect. The senators also bers included BAP’s Prince Ahmed elects the chairman by secret ballot. Muhammad Mirza Afridi secured 54 signed the roll of members. Umer Ahmedzai, Manzoor Ahmed, Balochistan Senator Sanjrani se - votes out of a total of 98 cast for the The newly elected 11 members Sarfraz Ahmed Bugti, Saeed Ahmed cured 48 votes out of a total of 98 seat of Deputy Chairman Senate, de - from Punjab included PML-Q’s Hashmi, Samina Mumtaz, Danesh cast for the seat of Chairman Sen - feating the Pakistan Democratic Kamil Ali Agha, PTI’s Saifullah Kumar, BNP’s M Qasim, ANP’s ate, defeating the Pakistan Demo - Movement (PDM) – an 11-party op - Niazi, Aon Abbas, Ejaz Ahmad Umer Farooq, JUI’s Molana Abdul cratic Movement (PDM) – an position alliance – candidate Abdul Chaudhry, Syed Ali Zafar, Zarqa Ghafoor Haideri, Kamran Murtaza 11-party opposition alliance – Syed Ghafoor Haideri who received only Suharwardy Taimur, and PML-N’s and independent candidates M Yousaf Raza Gilani who received 44 votes. who received only 42 votes, while Shah as the Presiding Officer. The Afnan Ullah Khan, Sajid Mir, Irfan- Abdul Qadir, Naseema Ehsan. only 42 votes, while eight votes Earlier, The members of Upper eight votes have been rejected. polling process continued from 03:00 ul-Haq Siddiqui, Azam Nazeer New polling booth installed have been rejected. Earlier, 98 Sen - House of the Parliament on Friday Earlier, 98 Senators cast their pm to 05:00 pm without any interval. Tara, Saadia Abbasi. From Sindh, after Opp claim of spy cameras ators cast their votes in alphabetical elected by a majority vote the gov - votes in alphabetical order through Sanjrani thanks Senators the 11 elected members included A ruckus was created in the order through secret ballot at the ernment-backed Sadiq Sanjrani as secret ballot at the Parliament House In his remarks after taking oath, PPP’s Saleem Mandviwala, Sheher Upper House during the oath taking Parliament House in Islamabad. Chairman Senate. Under the Senate in Islamabad. The Jamaat-e-Islami Senate Chairman Sadiq Sanjrani Bano Sherry Rehman, Taj Haider, ceremony as the opposition stood up The Jamaat-e-Islami (JI) Senator election rules, the Upper House of (JI) Senator Mushtaq Ahmad Khan thanked the Senators who reposed Shahadat Awan, Jam Mahtab Hus - from seats and staged protest, claim - Mushtaq Ahmad Khan didn’t ap - Parliament elects the chairman by didn’t appear and abstained from the confidence in him and voted in his sain, Farooq Hamid Naek, Palwasha ing that hidden cameras were placed pear and abstained from the voting secret ballot. Balochistan Senator voting while Pakistan Muslim favour. He also thanked the entire Mohammed Zai Khan, PTI’s over polling booth. Senator Raza while Pakistan Muslim League- Sanjrani secured 48 votes out of a League-Nawaz’s (PML-N) Ishaq leadership of PTI including Prime Muhammad Faisal Vawda, Saiful - Rabbani said installing spy cameras Nawaz’s (PML-N) Ishaq Dar also total of 98 cast for the seat of Dar also didn’t turn up for the elec - Minister Imran Khan for their sup - lah Abro and MQM-P’s Syed Faisal was violation of the law. Following didn’t turn up for the election as he Chairman Senate, defeating the tion as he was in London. port. He said that he will continue to Ali Sabzwari, Khalida Ateeb. the rumpus, presiding officer Sena - was in London. The Special Ses - Pakistan Democratic Movement The Special Session of the Upper take all the Senators along. The 12 senators elected from tor Sayed Muzafar Hussain Shah or - sion of the Upper House of the Par - (PDM) – an 11-party opposition al - House of the Parliament was chaired 48 newly-elected members Khyber Pakhtunkhwa (KP) included dered to make a new polling booth liament was chaired by Senator liance – Syed Yousaf Raza Gilani by Senator Syed Muzaffar Hussain of Senate take oath PTI’s Mohsin Aziz, Syed Shibli and allowed both the government PDM to challenge Gold price down Sajrani's victory by Rs 2250 to in Tribunal Rs104,450 per tola From Our Staff Correspondent From Our Staff Correspondent

ISLAMABAD: Pakistan People’s Party KARACHI: The price of 24 karat per tola (PPP) has refused to acknowledge the defeat gold decreased by Rs 2250 on Friday and was of its candidate Yousaf Raza Gillani in the sold at Rs104,450 against its sale at Rs106,700, election of Chairman Senate and announced Karachi Sarafa Association reported. to challenge his loss in the Election Tribunal. The price of 10 gram 24 karat gold also de - As soon as the presiding officer announced creased by Rs1928 and was traded at the re-election of Sadiq Sanjrani as Chairman Rs89,550 against Rs91,478 while that of ten of the Senate, senators on the opposition gram 22 karat gold decreased to Rs 82,087 benches caused uproar against the decision. from Rs 83,855. The price of per tola silver PPP leader Farooq H. Naik said that we decreased by Rs30 and was traded at Rs1340 cannot accept this decision under any circum - against its sale at Rs1370 whereas that of and stances as the ballot paper did not instruct or 10 gram silver decreased by Rs25.72 and was indicate where the voter should affix the seal. traded at Rs1148.83 against Rs 1174.55. He refused to accept the seven votes re - jected during the election of Chairman of the senate, saying that putting the stamp over the candidate’s name does not invalidate the vote. ‘Spy cameras' in Meanwhile, Qasim Gilani, son of Yousaf Raza Gillani, while refusing to acknowledge booth creates SOHAWA: Prime Minister Imran Khan offers dua after unveiling the inaugural plaque of the victory of Sadiq Sanjrani, said that PPP tree plantation campaign at the Al-Qadir University. plans to soon approach the election tribunal uproar in Senate against this decision. On the other hand, the PML-N has also refused to acknowledge the ISLAMABAD: Discovery of ‘spy cam - defeat of the joint PDM candidate. eras' by the opposition members above and in - side the polling booth installed for the elections of the chairman and the deputy Bulls rule PSX as market chairman of the upper house of the parliament Bilawal, Maryam created uproar in the session on Friday. Presiding Officer Senator Sayed Muzafar assail govt over Hussain Shah ordered the electoral staff to make a new polling booth agreed upon by the spy cameras gains 1008.32 points government and the opposition members. ISLAMABAD: The Pakistan Stock Ex - by Rs65,74 per share closing at Rs987.99. Japan's Nikkei rose almost 1 per cent, Senator Mustafa Nawaz Khokar of Pak - ISLAMABAD: Pakistan People’s Party change (PSX) on Friday turned around and Rafhan Maize recorded maximum de - but China's blue-chip CSI300 index lost 0.4 istan People’s Party (PPP) tweeted a picture, (PPP) Chairman Bilawal Bhutto Zardari and witnessed bullish trend, gaining 1008.32 crease of Rs200 per share, closing at per cent as that country's high-valuation saying: "Myself & Musadik [Malik] found a PML-N Vice-President Maryam Nawaz have points, with positive change of 2.36 per - Rs9500 whereas Sunrays Textile was run - tech and consumer firms dragged. spy camera right over the polling booth." blasted the government over the discovery of cent, closing at 43,788.08 points against ner up with the decrease of Rs60.25 per The signing of the American Rescue Talking to the media outside the parliament, spy cameras in the Senate. 42,779.76 points on the last working day. share, closing at Rs948. Plan provided a further boost to market he asked how the security of the upper house Talking to the media at the Parliament A total 442,561,882 shares were traded Asian markets up as Biden signs US sentiment after the European Central Bank was breached. “Who allowed this to happen? House in Islamabad on Friday, Bilawal has during the day compared to the trade of stimulus legislation said it was ready to accelerate money-print - There was a complete plan to steal this elec - called on incumbent Senate Chairman Sadiq 406,100,880 shares the previous day Asian shares pushed higher on Friday ing to keep a lid on borrowing costs, using tion. We would hold consultations as to who Sanjrani to resign from his post as he had whereas the price of shares stood at after US President Joe Biden signed a $1.9 its $2.2tn PEPP more generously over the should investigate this breach of the secrecy compromised the integrity of the Upper Rs21.586 billion against Rs17.711 billion trillion stimulus bill into law, and as a re - coming months to stop any unwarranted of election.” he said, adding that those re - House. The PPP chairman also said that in - previous day. As many as 412 companies treat in bond yields overnight eased global rise in debt financing costs. "It's looking sponsible should be punished according to vestigations should be held regarding the transacted shares in the stock market, 321 concerns about rising inflation. like we'll see a positive open across Asia- Elections Act 2017. He added that responsi - emergence of spy cameras. PML-N vice pres - of them recorded gain and 74 sustained Biden signed the legislation ahead of a Pacific markets," said Michael McCarthy, bility for the Senate's security lies with its ident Maryam Nawaz Sharif on Friday said losses whereas the share price of 17 com - televised address in which he pledged ag - chief markets strategist at CMC Markets. current chairman, secretary and the head of the Constitution of Pakistan has clause about panies remained unchanged. gressive action to speed vaccinations and "The big news overnight was the decision the security. "We will decide whether the ‘secret voting’ but not ‘secret cameras’. The three top traded companies were move the country closer to normality by from the ECB. There might be some disap - Senate's committee should investigate the While responding to the issue of spy cam - Unity food Ltd with a volume of July 4. The Pakistan Stock Exchange (PSX) pointment they didn't expand their bond matter or the police," he added. eras over polling booth in the Senate ahead of 88,257,772 shares and price per share of gained 2.36 percent with the benchmark purchase programme but that's largely off - In response, Information Minister Shibli chairman and deputy chairman elections, the Rs25.29, TRG Pak Ltd with a volume of KSE-100 jumping up with 1008 points. set by undertakings to accelerate the pur - Faraz accused the opposition of getting the PML-N leader took to social-networking web - 38,841,638 and price per share of Rs120.33 MSCI's broadest gauge index of Asia- chases." The US tech stocks pushed the 'spy cameras' installed. “They [opposition site Twitter and posted, “Have some shame and Jah Sidd. Co with volume of Pacific shares outside Japan soared 0.5 per - broader market solidly higher on Thursday, want to sabotage the election,” Shibli said, vote thieves and leave the seats." Those carry - 17,736,000 and price per share of Rs20.40. cent on Friday morning, supported by tech as investors welcomed another reprieve speaking to the media. Faraz said the matter ing out robbery in the Upper House of the Par - Wyeth Pak Ltd witnessed maximum in - gains. Seoul's Kospi added 1.1 per cent, from the volatility in the bond market that of installing cameras should be investigated. liament have lost their last war after the RTS crease of Rs70.12 per share, closing at Taiwan shares were up 0.2 per cent and has dominated the conversation on Wall “Those who were exposed today know where fiasco and fog in Daska polls, she added. Rs1005.12 while Sapphire Tex increased Australia's ASX 200 gained 0.9 per cent. Street for the last several weeks. —TLTP they are standing,” he said. —TLTP Maryam said the government after being hu - miliated by the Supreme Court, failing in pass - ing constitutional amendment and the presidential ordinance was turned into a piece of paper. She said violating the constitution by PM directs for maintaining gas prices for months installing hidden cameras is a serious crime. ISLAMABAD: Prime Minister Imran minister Shaukat Tareen, federal secretaries nomic team to ensure stability of the flour able and talented youth with moral Institutions still interfering in Senate Khan on Friday directed to maintain the and senior officials attended the meeting. prices till the government introduced the strength was need of the hour. election: Shahid Khaqan gas tariff for next few months in a order to The meeting discussed issues regarding Targeted Subsidy Scheme. He said a com - Addressing at Al Qadir University, he Former PM and PML-N senior leader provide relief to the consumers. stability of the prices of essential com - prehensive programme was under consid - emphasized on an education system that Shahid Khaqan Abbasi Friday said institu - Chairing a review meeting on the prices modities, particularly of flour, and the eration for provision of direct subsidy on acted as means of self-development and a tions are still interfering in the Senate elec - of flour, sugar and other essential com - measures to reduce the prices of sugar, gas flour to the poor people. The subsidy was source of bringing positive change in the tion. modities, the prime minister called for in - and petrol. aimed at providing financial relief to the society. The prime minister, two years ago, The PML-N leader talked to media in Is - tensifying efforts to facilitate the common The prime minister was given a briefing weaker sections. He stressed on timely im - had laid the foundation-stone of the uni - lamabad and said the govt did not nominate man, particularly belonging to the lower on the prices of petroleum products in in - port of wheat through public and private versity in name of great saint of sub-conti - candidate for the Senate chairman from its class. ternational market. PM's Special Assistant means as per the government decisions nent Sheikh Abdul Qadir Jilani, with an own party and the opposition announced a Federal ministers including Makhdoom on Petroleum Nadeem Babar mentioned keeping in view the future needs. objective to make the institution a cradle joint candidate. Shahid Abbasi said no one Khusro Bakhtiar, Dr Abdul Hafeez Sheikh, that the gas prices were raised on July 1, Education vital for national of science and spirituality. talked about distrust in PDM and all members Mohammad Hammad Azhar, Syed Fakhr- 2019, and now the Oil and Gas Regulatory development: Imran Imran Khan said knowledge was the will vote as per their conscience. He said PM e-Imam, Omar Ayub and Asad Umar; spe - Authority (OGRA) had again recommended Prime Minister Imran Khan on Friday main element that distinguished between Imran has now realized that conducting new cial assistants Nadeem Babar, Dr Waqar six to seven percent increase in its tariff. terming education vital for national devel - humans and animal species, and empha - elections is also an option and it is the sole so - Masood and Tabish Gohar, former finance The prime minister directed his eco - opment said preparing a lot of knowledge - sized on the significance of literacy meet -