VOLUME 13 | No 320 Lahore Regd No. CPI 251 WORLD STOCKS/ SPORTS COMMODITIES 6P10 6P9 The China sends De Villiers written response headlines to trade reform An English Daily published simultaneously from Lahore and Faisalabad new SA www.thebusiness.com.pk T20 league PAGES 12 | Rs 20 demands BusinesRabi-usl-Awal 07, 1440, Friday, November 16, 2018 Body of SP Dawar handed over to Pak officials at Torkham The Business Report their Pakistani counterparts. Taking to Twitter, PM Khan said: had ordered assassination of Khyber On October 26, the ill-fated police of- In a series of tweets, DG ISPR said According to sources, the Afghan au- "Have followed the shocking tragedy of Pakhtunkhwa’s (KP) Superintendent ficial had gone missing from Ramna SP Tahir Dawar’s abduction, move to ISLAMABAD: The body of mar- thorities had clarified that the corpse the murder of SP Tahir Khan Dawar and Police (SP) Tahir Khan Dawar, well-in- neighbourhood of Islamabad. A high- Afghanistan and follow up behaviour tyred Superintendent of Police (SP) would only be handed over to member ordered Khyber-Pakhtunkhwa govern- formed sources privy to security agen- level committee was constituted that by Afghan authorities raised questions Tahir Dawar has been handed over to of National Assembly (MNA) Mohsin ment to coordinate with Islamabad po- cies told our correspondent. conducted raids at scattered places in which indicated the involvement or re- Pakistani officials. Dawar as State Minister Shehryar lice in holding an inquiry immediately." As soon as news of Dawar’s martyr- the country. The committee also held sources more than that of a terrorist or- The body was received at the Torkham Afridi and Shaukat Yousafzai arrived at The premier added that Minister of dom surfaced, the controversial MNA talks with members of Jirga (traditional ganisation in Afghanistan. border from Afghan officials by Minister the Torkham Border. State for Interior Shahryar Afridi has Mohsin Dawar attempted to put the assembly of tribal leaders. The military spokesman reiterated of State for Interior Shehryar Khan PM orders inquiry into SP been tasked to "oversee it with an ur- blame of hapless incident on Pakistan Dawar’s murder raises questions that while investigations by Pakistani Afridi, Shaukat Yousafzai, Mohsin Dawar's murder gency and present the report" to PM. and pointed fingers at country’s secu- about terrorist bodies authorities were in process, Afghan se- Dawar, Deupty Commissioner Khyber Prime Minister Imran Khan on Afghanistan's notorious NDS rity apparatus. Sources further added Director General ISPR Major Gen- curity forces should cooperate in border and other security officials. Earlier, Thursday ordered an "immediate in- ordered assassination of SP that Mohsin Dawar held direct talks eral Asif Ghafoor said the brutal mur- fencing and bilateral border security co- Afghan authorities have refused to hand quiry" into the murder of Superinten- Afghanistan’s notorious spy agency with hostile Afghan officials and re- der of SP Tahir Dawar in Afghanistan ordination to deny the use of Afghan over body of slain SP Tahir Dawar to dent of Police (SP) Tahir Khan Dawar. National Directorate of Security (NDS) mained in contact with them. was high condemnable. territory against Pakistan. C M Y K Pak reserves lowest among

rTahe Bustineses Repdort sovereigns minimum adequacy thresh- sions to remain the biggest old of three months. risk to Asia Pacific’s broadly LAHORE: Moody’s in its Regarding the financing stable outlook, with tighten- “2019 Global Emerging Mar- gap which excludes foreign ing global liquidity creating ket Outlook” report on exchange reserves, Moody’s another risk. Thursday said Pakistan’s re- said it is likely to total $8-9b In the Asia Pacific, most serves adequacy is among the taking into consideration the economies would continue lowest of rated sovereigns, government’s borrowing growing solidly if at a slow- covering less than two plans and their expectations ing pace, said Moody’s. months of imports as of Sep- for capital inflows which in- Notwithstanding, the ris- tember 2018. clude portfolio and foreign di- ing trade between the two Moody’s stated the share rect investment (FDI) flows. biggest global economies, the of foreign currency debt is According to the rating US and China could impact relatively low at approxi- agency, slower global growth and sentiment. Fur- mately 35pc of total govern- growth, rising interest rates, thermore, for financial insti- ment debt, declining foreign trade protectionism and tutions the tightening dollar reserves because of a current geopolitical tensions would liquidity and increasing inter- account deficit of around ISLAMABAD: President Dr Arif Alvi and First Lady Mrs Samina Alvi inaugurate Presidential Corner in the National Library of Pakistan. four to five percent of the g Minister of Education, Professional Training and National Heritage Shafqat Mahmood is also present. GDP raise repayment risks. ‘Moody’s stated the share of It projected the EVI to rise foreign currency debt is relatively to 153 percent in 2018 and successful negotiations for a low at approximately 35 percent PTI's Walid, Russian Ambassador in LCCI Fawad Ch new IMF programme would decrease external financing of total government debt Ezdi win barred from risks for Pakistan. As per a recent report re- pose challenges for emerging est rates creates some risks, Pak-Russian direct leased by Moody’s in Octo- markets next year. said the rating agency. Senate by-poll Senate session ber, it projected Pakistan’s It maintained a broadly “Structured finance trans- By Our Staff Reporter By Our Staff Correspondent gross external financing stable outlook and incorpo- actions will continue to per- banking channels needs at around $30 billion rates the likely resilience of form strongly in China, but LAHORE: Pakistan Tehreek-e- ISLAMABAD: Senate Chairman for the fiscal year 2019, due most emerging market is- some delinquency rates may Insaf’s (PTI) Walid Iqbal and Seemi Sadiq Sanjrani on Thursday barred In- to the widening current ac- suers to these aforemen- rise in India. For corporates Ezdi have on Thursday emerged a must for trade formation Minister Fawad Chaudhry count deficit. According to tioned challenges, due to a and infrastructure and project winner on general and reserved seats By M J Hayat Trade Representative Yury M from attending the ongoing Senate ses- the rating agency, the current range of different buffers in- finance issuers, our expecta- from Punjab in Senate by-poll, as per Kozlov said that two years be- sion over his failure to tender an apol- account deficit for FY19 cluding strong balance tions for earnings stability or unofficial and unverified results. LAHORE: Pakistan and Russ- fore it was decided between ogy to the Upper House. would total 4.6 percent of sheets, domestic growth and growth support our stable out- Iqbal won with 184 votes, while ian trade can be enhanced to a Russian Central Bank and the Over the past month, the informa- GDP which would be slightly supportive policy. look. But we expect a more Majeed secured 176 votes. narrower than the 5.8 percent record high level, if direct bank- National Bank of Pakistan tion minister and opposition members Still, credit stress could ap- challenging year for a number On the women s seat, Aizdi was deficit clocked in FY18. pear for issuers operating in of sectors,” said Moody’s. ing channels are established be- (NBP) that one NBP branch will have clashed bitterly in the parliament able to get 183 votes while Tarar The rating agency high- countries with macroeco- In Europe, the Middle tween the two countries. be set up in Russia but the deci- over the former's invective, forcing the got 175 votes. These views were expressed sion was never materialised. lighted foreign exchange re- nomic imbalances or increas- East and Africa, credit con- latter to demand an apology, and The two seats in the upper house by the Russian Ambassador to While conducting mutual serves adequacy had fallen to ing political risk, especially ditions are mixed fueled by of the parliament fell vacant after Pakistan Alexey Y. Dedov while trade, both the countries have to briefly boycott the session. a low level, barely enough to those heavily dependent on fluctuations in growth, pol- Supreme Court of Pakistan (SC) dis- addressing businessmen and face huge losses in terms of After the Senate session began on provide two months of goods international financing. icy and external liquidity, qualified two lawmakers of Pakistan traders at the Lahore Chamber of money when the payments are Thursday, the opposition reiterated imports and below the IMF’s Moody’s warned trade ten- said Moody’s. Muslim League Nawaz Haroon Commerce and Industry made through other banks their demand for Chaudhry to apolo- Akhtar and Sadia Abbasi for holding (LCCI) on Thursday. via Dubai, etc. In reply gise, with opposition leader Raja Za- dual nationalities on the date of fil- The Ambassador said to businessmen and farul Haq telling Sanjrani: "There has ing their nomination papers. that currently Pakistan traders questions, he been a lot of bad blood in the house and 17-member PM's Task Force A seven-member larger bench of and Russian trade in also welcomed the it is affecting the house's pride. the apex court headed by Chief Jus- terms of dollars are idea of barter sys- "We do not have any other solution to tice of Pakistan (CJP) Justice Mian encouraging as till tem between the this than just walk out. Until an apology on IT and Telecom approved Saqib Nisar in its short verdict has September 2018, two countries. is tendered, the rest is all meaningless." By Our Staff Correspondent Executive Officer Shahid Mustafa, and others. directed the Election Commission of their trade has LCCI President Senator Hasil Bizenjo was more assertive Another report adds: The federal cabinet Pakistan (ECP) to de-notify Saadia touched the figure of Almas Haider said with the opposition's demand, saying: ISLAMABAD: The cabinet has approved discussed the country’s political and eco- Abbasi and Haroon Akhtar. $624 million and it that there is a huge "Until this person comes here and asks the formation of a 17-member task force on nomic situation during its weekly meeting will be further en- potential between the the entire parliament for an apology, the IT and telecommunications comprising on Thursday. hanced once the two countries. opposition will not [attend]." prominent members of Pakistan's tech sector, Chaired by Prime Minister Imran Khan at Five abducted chairman of Trade Although their Leader of the House Shibli Faraz it emerged on Thursday. the PM Office the meeting had a 12-point and Economic trade has im- suggested that the record of Chaudhry A notification to this effect, issued by the agenda. Sources told media that the cabinet Commission is appointed as proved significantly in the recent and Senator Mushahidullah Khan's Ministry of IT on Nov 5, stated that the PM's approved agreements signed with various Iranian guards agreed between prime ministers of years from $331 million to $442 Task Force on IT and Telecom was granted countries. Finance Minister Asad Umar also C both countries. million and there is yet a great un- statements be analysed by a committee, and offered an apology on his fellow approval by the federal cabinet in an Oct 25 briefed the attendees on discussions with M recovered: FO He said that Pakistan and Rus- tapped potential for which mutual meeting. The chairman of the committee is In- the International Monetary Fund (IMF) sia were busy in elections and in cooperation is required. PTI leader's behalf. By Our Staff Reporter formation Technology and Telecommunica- mission currently in Pakistan to deliberate Y the upcoming years there are very The mutual exchange of Pak- Subsequently, the opposition staged tion Minister Khalid Maqbool Siddiqui. over a bailout package. bright chances of enhancing trade. istan and Russian trade delega- a walkout, following which Chairman K ISLAMABAD: Five abducted Notable members of the task force include The ministers present briefed the PM on To a question, the Russian tions is need of the hour; he said Sanjrani gave a ruling, directing P@SHA (Pakistan Software Houses Associa- developments in their respected ministry as Iranian guards have been safely re- ambassador said that if the di- hoping that the meeting will prove Chaudhry to tender an apology. PPP covered with the concentrated efforts tion) President and Nest I/O chief Jehan Ara, he reviewed the Pakistan Tehreek-e-Insaf rect banking channels are set instrumental in further cementing Senator Sherry Rehman concurred with former Higher Education Commission chair- (PTI) government’s 100-day plan. The pre- of Pakistani law-enforcement agen- up, the trade volume can be fur- the working relationship between her fellow opposition members, telling man Dr Attaur Rehman, Teamup NIC Co- mier informed the members regarding his up- cies (LEAs) and armed forces, For- ther enhanced. the both countries. the Senate chair that. Founder Zohair Khaliq, Tameer Bank Chief coming official visit to Malaysia. eign Office spokesman Dr Mohammad Faisal tweeted on Thurs- Bulls dominate PSX, index gains 435 points By Our Staff Correspondent Statistics (PBS) revised the inflation Lotte Chemical Pakistan Limited iff by Rs0.41 per unit. Renault. The company will be re- rate for October. (LOTCHEM +1.59 percent) was most As per notification sent to the ex- sponsible for import, distribution and KARACHI: It was a happy day for The inflation rate has been slightly traded script with 28.39 million change, Ghandhara Nissan Limited aftersale service of the three new investors at the Pakistan Stock Ex- cut down from seven percent to 6.8 shares exchanging hands, followed by (GHNL +5.00pc) has launched a full ranges in addition to CKD assembly change (PSX) where bulls finally percent after the Ministry of Finance TRG Pakistan Limited (TRG +1.22 range of trucks in partnership with at its manufacturing site. day. gave up on sleep and came back and experts raised an objection on the per cent) with 17.47 million traded The spokesman added that the strong, as indices continued to move methodology of calculating price shares, and Pak Elektron Limited guards were in good health and uphill right from the word go on changes as reported by the media. (PAEL +4.00 percent) with 17.27 mil- being handed over to Iranian author- Thursday. The KSE 100 index on Thursday lion shares, nearly touching its upper ities. “Concentrated efforts under the On the other hand, foreign in- jumped up by 483.85 points to touch circuit breaker. vigilance of the military leadership vestors, after MSCI review, adjusted an intraday high of 41,477.90. It The top gainers included the close– are on to recover the other guards,” their positions with a net outflow of closed the day at 41,428.63 after gath- end mutual fund sector (+3.85 per- Dr Faisal added. $8.52 million on Wednesday. ering 434.58 points. The KMI 30 cent), chemical sector (+2.60 per At least 12 Iranian guards were On the economic front, Foreign Di- index appreciated by 648.06 points cent), cable and textile weaving sec- reported to have been abducted rect Investment declined by 55 per and ended the session at 70,883.82, tor (+2.03 percent), while the tobacco near the Pak-Afghan border last cent to $161.20 million in October while the KSE All Share index settled sector (-2.19pc), woollen sector (- month. In a meeting held on Octo- 2018 as compared to $354.60 million at 29,845.10 after gaining 141.66 1.89pc) and jute sector (-1.70pc) were ber 17, Foreign Minister Shah in the same period last year, accord- points. A total of 226 scripts elevated the major losers. The power genera- Mehmood Qureshi had assured his ing to the data released by the State while 119 declined. tion and distribution sector (-0.03pc) Iranian counterpart Javad Zarif of Bank of Pakistan. The market volume remained flat also ended slightly negative after the Meanwhile, Pakistan Bureau of and was recorded at 254.91 million. announcement of a rise in power tar- The Business | LAHORFriday,E November0 16, 2018 Quick Read PTI govt taking realistic measures Dolphin Squad’s for social justice performance report of By Our Staff Reporter last 10 months issued LAHORE: Member Provin- cial Assembly and leaders of Pak- By Our Staff Reporter istan Tehrik-e-Pakistan from Sargodha met with Governor LAHORE: SP Mobiles Lahore Bilal Punjab Ch Muhammad Sarwar Zafar has said that Dolphin Squad has ar- led by Minister Labour and rested more than two thousands accused in- Human Resource Ansar Majeed volved in dacoity, street crimes and Khan, here on Thursday. MPA burglary incidents. Faisal Farooq Cheema, District Whereas, 480 pistols, 98 rifles, 4 pump President PTI Sargodha Ansar actions, 375 magazines and more than ten Iqbal Haral, Regional President thousands bullets have been recovered PTI Sargodha Atta Ullah Khan from their possession. Shadikhel and ticket holder MNA Police has recovered 707 bottles of Usama Maila along with others liquor, 200 grams heroin, 46 kg chars, 6 kg were included in the participants. opium, 1 kg white powder and 20 kg gutka Matters relating to mutual inter- from criminals. est came under discussion during Cops of Dolphin Squad have arrested the meeting. While talking with more than 85 proclaimed offenders in- the Governor Punjab, the Minis- volved in different heinous cases. Dolphin ter Labour said that PTI govern- Squad has issued performance report of last ment is taking realistic and 10 months. reform based measures for the 174 stolen mobiles, 60 Saudi rials, 1000 provision of social justice to the dirhams, laptops, 63 cars, 114 motorbikes people and to improve the finan- and more than 29 lacs rupees have been re- cial condition of the country. covered by cops during patrolling. Dolphin He said that work is being car- Squad has responded and helped more than ried out for the development of 40 thousand citizen on emergency calls re- Sargodha under 100 day plan of ceived during snap checking, more than 12 Prime Minister Imran Khan and lacs cars, 13 lacs motorbikes and more than all the public representatives 12 laces people have been verified. from Sargodha are struggling day and night to achieve the develop- ment goals for the welfare of the NAB Lahore holds LAHORE: Central leaders of PTI with Punjab Governor Ch Sarwar. society. ‘Singing Contest The members of the delegation ’ lauded the role of Governor Pun- By Our Staff Reporter jab for the development of the province and said that as team LAHORE: National Accountability Bu- members of Prime Minister reau (NAB), Lahore Awareness & Preven- Unavailability of funds for businesses Imran Khan and Chief Minister tion (A&P) Wing has been organising Usman Buzdar they will com- different competitions on daily basis among plete the mission of progressive the finalist students from Schools, Colleges Punjab within the given timeline. and Universities of 21 Districts in multiple a big challenge, says Almas capacities viz Declamation, Poetry, Paint- ing, Essay writing and Drama Competitions PHP impounds etc. to mark International Anti-Corruption — NDU delegation visits LCCI Day which is going to be commenced on By Our Staff Reporter omy. To a question, Almas Hyder said Almas Hyder said that at present un- regard therefore procedures, documents 12,973 suspects that during the last one decade, taxation availability of funds for businesses is a and inspection etc should be made eas- 9th December, 2018. By Our Staff Reporter On Thursday, at Al-Hamrah Arts Council LAHORE: A high-powered delega- system remained focused to overcome big challenge. He said that 10 to 15 per ier. tion of National Defense University budget deficit which posed huge chal- cent working capital of the companies About LCCI, he said that its mission a Singing Competition at College and Uni- LAHORE: Punjab Highway versity level was held which was graced by (NDU) comprising Members Parlia- lenges for the industrial sector. is held with the government in the form is to be the finest organization to serve Patrol (PHP) impounded 12,973 renowned singers “Ali Zafar and classical ment, high officials of Armed Forces This taxation system made Pak- of income tax and sales tax refunds. the business community and to conduct singer Hamid Ali Khan as Chief Guests, and Bureaucrats had a study tour of the istan’s industry uncompetitive. “Re- He said that the Lahore Chamber its practices in the best possible profes- suspected and 1725 unregistered whereas, Principal, National College of Lahore Chamber of Commerce & In- cently I had a meeting with the Prime started work on Ease of Doing Business sional manner. It is keen to act as a vehicles, rendered 4186 helps to Arts, Mr. Murtaza Jafri attended the event dustry. The LCCI President Almas Minister Imran Khan and other top of- in 2015 and before nobody was talking bridge between the business commu- the road commuters, removed as Guest of Honour. Hyder, Senior Vice President Khawaja ficials talked about high number and about this important indicator. Previous nity and policy makers. LCCI aims to 668 encroachments and reunited The Jury members included Ms Rahat Shahzad Nasir, Vice President Fahim- rates of duties & taxes”, the LCCI pres- government adopted some of our sug- promote trade and investment in the 07 lost children. Bano from Lahore Cantonment College, ur-Rehman Saigal and head of the del- ident said and added that producers of gestions which improved Ease of country through securing a business In detail, during this week egation Air Vice Marshal Muhammad wealth and taxes should be given more Doing Business index by 11 notches. friendly environment in the country. It Punjab Highway Patrol im- Mughees Afzal spoke on the occasion respect than the consumer. The LCCI President said that good facilitates the business community in pounded 1727 unregistered ve- while the LCCI Executive Committee About investment in maritime sector, rules and regulations of the state always the resolution of their problems by hicles, 7088 vehicles u/s 134, Members were present on the occasion. the LCCI President said that cumber- encourage and channelize the invest- keeping them aware of the opportuni- 5808 vehicles u/s 115 and 77 Ve- The LCCI President Almas Hyder some system of registration with de- ment. He further stated that we have to ties and challenges originating from the hicles u/s 550. PHP teams re- answered the quires of the delegation fense sector, difficult procurement and portray good picture of the country to globalization of trade & investment. moved 668 temporary members regarding investment of pri- payment system, awful test trial proce- grab much-needed foreign investment. The chamber identifies the issues faced encroachments and 4186 general vate sector in defense sector, foreign di- dures are impeding the investment. To another question, Almas Hyder said by the business community and their rect investment, income tax & sales tax These issues must be resolved to en- that trading across the border is an im- possible solutions with the input of helps to the road commuters. refunds to the industry, ease of doing courage investment of private sector in portant economic indicator. Business- more than 200 standing committees re- Furthermore, PHP teams reunited business and knowledge based econ- defense sector. men are facing various problems in this lated to various sectors. 07 Children namely Mubeen. Husnain Javed from University of Punjab and Miss Aliya Rasheed from National College of Arts (NCA). ACCA discusses importance of Ban imposed on ‘Ethics for economic prosperity’ By Our Staff Reporter speech was delivered by postings/transfers of ACs Makhdoom Hashim Jawan Bakht, By Our Staff Reporter LAHORE: ACCA held an event Minister Finance – Punjab said, at the Governor House Lahore to “The importance of business ethics LAHORE: Punjab Chief Minister Sar- discuss the importance of ethics and reaches far beyond the company dar Usman Buzdar has imposed a ban on its impact on economic prosperity. performance. As with all business postings / transfers of Assistant Commis- The congregation in Lahore was initiatives, the ethical operation of a sioners in the province of Punjab. the third in a series of events to company is directly related to the However, prior approval of the Chief commemorate the Global Ethics impact it has on the society and the Minister will be required for transfer of Day. economic prosperity at large.” ACs on hardship or necessary administra- Previously events had been held The chief guest speech was de- tive grounds. A notification has been is- in Islamabad and Karachi. livered by Chaudhry Muhammad sued in this regard. The event was held to explore Sarwar, Governor Punjab, who how businesses as well as public highlighted, “Ethical or unethical sector organisations in the country behaviours have a direct impact on are preparing for an ethical future in a business and a nation’s reputation TCL launches S6500 the face of threats and challenges which influences domestic and for- Android TV in Pakistan presented by globalisation and tech- eign investors’ decisions and more nology. Thought leaders, academi- importantly have a bearing eventu- LAHORE: TCL, one of the world’s top cians, prominent media ally on GDP growth and economic three TV brands, recently launched their personalities, representatives from prosperity of individuals and coun- brand new S6500 Android TV in Pakistan regulatory bodies and experts from tries. targeting young, trendy consumers with its the banking and audit sector were in Once ethical and professional artificial intelligence (AI) capabilities. attendance to share their thoughts behaviours become part of recog- The new S6500 is TCL’s latest AI TV on ethics and professionalism. nised eco-system in a country; the embedded with the Android operating sys- The attendees discussed the role phenomenon triggers a reliance tem and Google Assistant, and is part of of ethics in business and business from rest of the world on the skill TCL’s expanding range of AI-powered TV leaders spoke about what ethics set and thus bring with it economic LAHORE: Provincial Minister for Schools Education, Murad Raas listens the problems products. — PR means to them. The guest of honour prosperity.” of males and females at his office. Sowing targets, PU, Portuguese 140th meeting of UHS Islamia College Varsity join hands research board held remembers Allama Iqbal promotion of sunflower — Portuguese ambassador By Our Staff Reporter hadur Baloch M.Phil By Our Staff Reporter calls on VC (Anatomy), Dr. Naveed LAHORE: The 140th Lodhi M.Phil (Biochem- LAHORE: A ceremony in respect of Iqbal Day was held on Thursday at the Government Islamia College, Railway By Our Staff Reporter meeting of Advanced Stud- istry), Adeel Ahmed M.Phil crop reviewed Road Lahore. The ceremony was presided over by the Prin- By Our Staff Reporter has decided to promote its produc- ies and Research Board of (Medical Laboratory Sci- cipal of the college Tahir Javed, whereas Justice (Retired) tion and Rs.5000 per acre subsidy LAHORE: Punjab University (PU) has the University of Health ences-Microbiology), Saira signed a Memorandum of Understanding Nasira Javed and author and researcher Prof Amjad Ali LAHORE: A consultative meet- will be granted on its sowing. Farm- Sciences (UHS) was held Munir M.Phil (Medical Shakir attended the ceremony as chief guest and guest of ho- ing to review the sowing targets and ers can get more income as compare (MoU) with Camões – Institute for Coopera- here on Thursday with UHS Laboratory Sciences-Mole- tion and Language Portugal. nour respectively. promotion of sunflower crop held at to other crops in a short duration. Vice Chancellor Prof Javed cular Pathology & Cytoge- In this regard, an MoU signing ceremony The ceremony was conducted by Prof Zahid Awan of Urdu Agriculture House on Thursday. Minister for Agriculture pointed that was held at PU Vice Chancellor office com- Akram in the chair. netics), Muhammad Shoaib Department. Prof Amjad Ali Shakir said that the writings of Malik Nauman Ahmad Langrial need of time is to promote high qual- mittees room here on Thursday. Punjab Uni- The board considered the Akhtar M.Phil (Medical Iqbal need to be read in the context of the modern age. Minister for Agriculture Punjab ity seeds of Sunflower with suffi- versity Vice Chancellor Prof Niaz Ahmad thesis reports of Dr Faeza Laboratory Sciences-Mole- Justice (Retired) Nasira Javed while expressing her views said presided over the meeting. cient quantity. Akhter, Ambassador of Portugal Dr. Joao Rauf M.Phil (Anatomy), Dr cular Pathology & Cytoge- that Iqbal is the poet of all of us. The youth should seek motiva- Wasif Khurshid Secretary Agri- He pressed hard companies in- Paulo Sabido Costa, Dean Faculty of Oriental Rabia Sajjad Toor M.Phil netics), Dr. Ayesha Fazal tion and spirit from his poetry. Principal Tahir Javed in his pres- culture Punjab, Syed Zafaryaab volved in business affairs of seed Learning Prof Dr Muhammad Saleem Mazhar, (Anatomy), Dr Zoofishan M.Phil (Pharmacology), Dr. idential views said, we are in a dire need to implement the Haider Director General (Ext & production to ensure sufficient quan- Director Alumni Dr Fouzia Hadi Ali and oth- Qureshi M.Phil (Commu- Muhammad Faheem Afzal message from the poetry of Iqbal. He also thanked the hon- AR), Muhammad Rafiq Akhtar Di- tity of hybrid seed of sunflower. ers were also present on the occasion. Accord- nity Medicine), Afzal Nazir MHPE, Dr. Muhammad ourable guests for their attendance at the end of the ceremony. rector Agriculture Information, Pun- Wasif Khurshid Secretary Agricul- ing to MoU both the institutes will work M.Phil (Medical Laboratory Hussain Cheema M.Phil jab along with other high ups of ture Punjab has said that sunflower together in the fields of mutual interests. Sciences-Immunology), Dr. (Community Medicine), department, stakeholders partici- crop will be sown on 2,50,000 acre Dr Sabido lauded the efforts of Punjab Uni- Syeda Abeer Fatima M.Phil Anaiza Afzal M.Phil (MLS- pated in meeting. On this occasion, this year and department versity for the promotion of Portuguese and (Physiology), Dr. Anum Molecular Pathology & Cy- Pakistan Navy delegation Malik Nauman Ahmad Langrial will ensure its sowing target com- other languages. PU organizes awareness walk Ashraf M.Phil (Pharmacol- togenetics), Syeda Shafia Minister for Agriculture Punjab said pletion. In this regard, awareness on world philosophy day ogy), Dr. Nabi Gul M.S. Ali M.Phil (MLS-Molecular visits PFA Head Office that Pakistan is importing worth of campaign for sunflower growers is PU marks World Philosophy Day (Cardiac Surgery), Dr. As- Pathology & Cytogenetics), By Our Staff Reporter Punjab University Department of Philoso- Rs. 3 Billion edible oil and these fig- being launched. ghar Ali Khan M.S. (Or- Naila Irum M.Phil (Im- phy took out awareness rally from under- thopaedics Surgery), Dr. munology), Dr. Kanwal Ijaz LAHORE: A delegation of Pakistan Navy has visited the ures are alarming in the interest of Secretary Agriculture Punjab said Punjab Food Authority (PFA) Head Office here on Thursday. graduate block to VC office to mark World Shamaila Razzaq M.Phil M.Phil (Physiology) and Dr. our economy. Promotion of oilseed last year All Punjab Solvent Associ- Philosophy Day. Punjab University Vice A delegation was led by Deputy Chief Inspector Naval Store (Haematology), Atia Ali Babur Riaz M.S. (ENT). crops are in our National interest be- ation joined hand in hand with de- Chancellor Prof Niaz Ahmad Akhter, Regis- Captain Tariq Ali. PFA Director General Captain (retired) cause we can lessen our import bill partment for the welfare of farming trar Dr Muhammad Khalid Khan, Chairper- Mughal M.Phil (Medical The following synopses Muhammad Usman facilitated the tour. He gave briefing del- of edible oil. Sunflower is one of the community and purchase centers son Dr Shagufta Begum, Assistant Professor Laboratory Sciences-Im- were also considered for egation on PFA Act, Punjab Pure Food Rules 2018 and its reg- short duration (90 to 110 days) crop was established. It is need of hour to Shahid Mehmood Gull, faculty members and munology), Dr. Talha registration of students in ulations. The delegation was briefed about administrative and it has 40 to 45 % oil contents in invoke the same for this year in the a large number of students were present on Laique M.Phil (Pharmacol- various postgraduate affairs, field teams’ activities, licensing wing, management its seeds. So, Government of Punjab interest of farming community. the occasion. ogy), Dr. Muhammad Ba- courses. structure and progress of PFA. The

O Business Minimum 12:0 C Maximum 25:0 OC Sunset 05:10pm Sunrise (Tomorrow) 06:33am | Metropwww.tohebusinesls.comi.pktanFriday, November 16,0 20138 Call to discourage reckless use of antibiotics By Our Staff Reporter FAJAR 05:02 AM LAHORE: Director Gen- JUMA 12:15 PM eral Health Services Punjab ASR 02:47 PM Dr Munir Ahmed emphasized to discourage the reckless use MAGRIB 05:09 PM of antibiotics by general pub- lic to avoid the antibiotic re- ISHA 06: 32 PM sistance. He said that self-medication especially of antibiotic medicines should be Quick Read discouraged by all the con- cerned quarters because it yields negative impact on human health. CM message He further added that in re- cent years the misuse of an- on Int’l Day for tibiotics has increased up to 36%.He said that Punjab Tolerance would be the first province The Business Report where a comprehensive Anti- Microbial Resistance Policy LAHORE: Inspector General of Police (IGP) Punjab, Amjad Javed Saleemi addresses the RPO Conference at the Central Police Office. would be formulated in next LAHORE: Punjab Chief few months. Minister Sardar Usman Buz- He expressed these views dar has said that promotion while addressing a Policy and of societal norms of toler- Advocacy Seminar on Antibi- ance and patience is the otic Awareness organised by needs of the hour as societies Hepatitis and Infection Con- are ruined due to intolerance. IGP urges all field officers trol Program Punjab with col- In his message, Chief laboration of world health Minister said that a peaceful organization at private hotel. society can be formed by Programme Manager Hep- promoting passions of toler- atitis & Infection Control Pro- ance, patience and harmony to eliminate crimes gram Punjab Dr Zahida at the grassroots. He said Sarwar, Additional Secretary Drugs Control Dr Sohail, Add. Islam is a religion of peace — Addresses RPO Conference held at Central Police Office Secretary Vertical Program Dr By Our Staff Reporter Khurram Ali, DIG R&D, Faisal Ali Rana, DIG Operations ment Water Filter Plants will be installed and Dispensaries and justice and it has also Saadain, Professor Dr. Ghayas stressed to promote such Lahore, Waqas Nazir, AIG Development, Ahsan Younas, will be established with the cooperation of Governor Pun- un Nabi Tayyab, Dr Irfan norms in the society. There is LAHORE: All field officers should come forward to AIG Logistics, Rai Babar Saeed, AIG Finance, Ghazi Salah jab, Chaudhary Muhammad Sarwar. Ahmed WHO, and representa- a need that inter-religious eliminate the crimes in their respective districts as their per- ud Din, AIG Operations, Awais Malik, AIG Admin & Se- Conference also decided to establish Resource Manage- tive from Shaukat Khanam and inter-faith harmony formance is being linked up with the arrest of POs, court curity, Asad Sarfarz and other senior officers were also pres- ment and Display Centers at district level and inventory of Memorial Hospital, Univer- should be promoted so as to absconders and the recovery of illegal Kalashnikoves, be- ent in the conference. In case of any law and order situation, all equipments and gadgets will be computerized to observe sity of Veterinary Science and encourage the sentiments of sides, action against unregistered and unauthorised motor- the anti-riot force will be authorised to operate as per given the transparency. For amicable settlement of petty issues Agriculture Department of tolerance in the society. cycles. This is the only way-forward for the police officers SOPs by using the concerned equipments as per evolved and to save the valuable time of honorable courts and police Punjab were present in the He said that educational to discharge their duties for maintaining law and order, pro- strategy in future, decided the conference. stations, important decisions regarding the criterion eligi- seminar. institutions, universities and vision of timely justice to the people across Punjab. The anti-riot force will also be responsible to maintain bility of DDRCs members selection procedure structure, On this occasion the Pro- religious seminaries can play This was stated by Inspector General of Police (IGP) law and order with the backup support of district police. roles and responsibilities, code of ethics, legal frame work gram Manager Hepatitis & In- fection Control Program Dr. an important role in promot- Punjab, Amjad Javed Saleemi, while addressing the RPO Conference also decided that all subversive and anti-state was also defined in the conference. ing the trends of tolerance Zahida Sarwar said that un- Conference held at Central Police Office, Lahore on Thurs- elements will be dealt strictly if they tried to take law in These proposed DDRCs will operate independently and necessary use of antibiotics and patience. day. their hands. starts working within next 15 days, decided the confer- has become a global chal- The societal principles of All RPOs and DPOs attended the meeting through video Distribution of existing 4 water canons with the depart- ence. The members of these committees must be resident lenge. In this seminar the moderation should be pro- link whereas, Addl: IGP Establishment Punjab, Ejaz Hus- ment, it was decided that 2 will be given to Lahore, 1 Gu- of the concerned district and should be apolitical, impar- technical stakeholders of vari- moted to completely eradi- sain Shah, Addl: IGP Operations Punjab, Azhar Hameed jranwala and 1 Rawalpindi, besides, the purchase of 2 new tial, having good repute comprising of any retired judge, ous concerned departments cate the menace of Khokhar, Addl: IGP Welfare and Finance, Rao Sardar, Addl: water canon issue will be taken up at government level, de- professors, religious scholars, lawyers, retired govern- shared valuable inputs regard- fanaticism from the society, IGP Training, Tariq Masood Yasin, Addl: IGP Investigation cided the conference. ment servants and senior journalists could be the member ing the control of misuse of he added. Punjab, Abubakar Khuda Bakhsh, RPO Sargodha, Syed It was also decided that in all Police Lines of the depart- of these committees. antibiotics. The purpose of observing this day is to highlight the importance of tolerance in the society; and today, we should also reiterate the commitment that we will More changes in new Local play our role for overcoming societal prejudices from the society along with promo- Bodies System, says Aleem tion of tolerance, the Chief — Price-hike due to wrong policies of previous govt Minister concluded. By Our Staff Reporter cases were initiated by Nawaz League or people party against each other and responsibility of these matters LAHORE: Senior Minister Punjab Abdul Aleem cannot be put on PTI Government. CM casts Khan has disclosed that there are more changes in the He pointed out that such forces shouting now were vote in Senate new Local Bodies System of Punjab and now there why silent when in 2015 proceedings were started would be 25,000 Village Councils and each village against him when he contested by elections in NA 122 election will be having independent set up with the facility of and gave tough time to Sardar Ayaz Sadiq. direct funding and the beauty of the system would be Aleem said that he left Ministry in 2007 and after 8 By Our Staff Reporter that all villages would be flourishing with develop- years of it allegations were leveled against him for po- ment at the same time. litical motives only. LAHORE: Punjab Chief While talking to media outside the Punjab Assem- Replying a question, Senior Minister Abdul Aleem Minister Sardar Usman Buz- bly, Aleem said that new local government system Khan said that if the reservations are genuine they dar has cast his vote for the would be empowering representatives with financial must be redressed. election of Senate in Punjab and administrative powers and including Nawaz He said that Ch. Shujaat Husain and Ch. Pervaiz Assembly on Thursday. League no one should be worried as it is in the larger Elahi are our collation partners and their alliance with He also held meetings interest of system. PTI will continue on long term basis with mutual un- with members of provincial He categorically said that now no Member of Na- derstanding. assembly. tional or Provincial Assembly but the Local Bodies He assured that issue raised by any Member of the He listened to their prob- representative would be allocated development funds Assembly must be adhered and main agenda of LAHORE: Minister of Punjab for Health Dr Yasim Rashid and others come out of Provincial lems and issued on-the-spot which would revolutionary step indeed on the pattern progress and prosperity will be flourished with col- Assembly after exercising their votes in the Senate Election .—Online orders. of developed countries. lective efforts. He remained there for He said that unfortunately last government did noth- On another question, Abdul Aleem Khan said that Three days international workshop concludes at UVAS four hours and met with var- ing but bankrupt the federal and Punjab Government with regard to South Punjab there will be good news by wasting national exchequer for their personal mo- soon and a Secretariat will be established for the peo- ious delegations as well. tives and run their kitchens as well. ple and they can get their issues resolved and masses -Condoles murder of Aleem said that use of government funds for con- would not have to bother to travel along. Poultry farms management vital SP Tahir Khan Dawar struction of walls of houses and heavy corruption and Senior Minister said that present Government of Buzdar has expressed a commission resulted in the present state of affairs in PTI has set a new example in the recent by elections deep sense of sorrow and which masses have to bear financial burden. and not even one constituency any complaint has oc- to develop poultry production grief over the murder of SP He assured that present Government is working in curred about administrative or political pressure. He Tahir Khan Dawar and ex- By Our Staff Reporter All Pakistan Qiraat and Naat the right direction and soon relief would be provided assured that the present situation would be changed competitions at UVAS tended sympathies to the to them. Replying a question, Abdul Aleem Khan said intro better one and journey of progress and prosper- LAHORE: The Department of Pathology of The Qiraat and Naat Society of the University family of deceased police that in the last 80 days of present government no case ity will continue with new positive political traditions of Veterinary and Animal Sciences (UVAS) La- officer. has been made against any party or leader and all these in the country. the University of Veterinary and Animal Sciences (UVAS) Lahore in collaboration with Charles hore arranged All Pakistan Qiraat and Naat con- Louis Davis and Samuel Wesley Thompson tests here on Thursday. Govt making efforts DVM Foundation, United States of America USA A large number of students from different in- Mental slaves of West biggest hurdle organised concluding ceremony of three days in- stitutions all over the Pakistan were participated to provide maximum ternational workshop on “Pathology of Avian in these contests. Punjab University won the Diseases” here on Thursday in City Campus. team trophy was the winner of this contest. in realisation of sublime goal: Siraj facilities to pilgrims UVAS Pro Vice-Chancellor Prof Dr Masood In Qiraat contest, Hafiz Asad Sharif (Punjab and the Sunnah but the feudal lords and vaderas By Our Staff Reporter Rabbani chaired the concluding ceremony of University) won 1st position, Abdul brought up by the British who had ruled the coun- the training and distributed certificates among Rehman(University of Engineering and Technol- try so far had stood in the way of the Islamic sys- LAHROE: Khalid Javaid (Deputy Sec- participants while Resource Persons of train- ogy Lahore) got 2nd while Muhammad Awais tem. retary Ministry of Religious Affairs) has ing Prof Dr Corrie Brownfrom University of (University of Agriculture Peshawer) and Abdul- The JI chief said that the government had re- said that the government was making hec- Georgia, USA and Vet Pathologist & Adjunct lah Tanveer(Virtual University) both stood on 3rd leased a Christian woman who had been tried for tic efforts to provide maximum facilities. Professor at CL Davis and SW Thompson position. blasphemy and was also talking of Israel’s recog- He said that government was also Foundation Dr Tony Alves, Chairman Depart- In Naat Contest, Usman Munir (Punjab Group nition. He said it was interesting that the political bringing further betterment in these fa- ment of Pathology Prof Dr Asim Aslam, Prof of Colleges Lahore) won 1st position, Ammar Zia elements who had been dubbing each other as cilities in the light of the feedback and Dr Kamran Ashraf and a number of faculty (Lahore Garrison University)got 2nd position thieves, had got together for the release of Asia positive suggestions given by the last Masih. members, professional from different institu- while Muhammad Asif Rehman (Government years’ Hajj pilgrims to facilitate the Pak- He recalled that the west had fought a long bat- tions of across the country were attended. Prof Collage University Faisalabad) got 3rd position. istani Hajj pilgrims during the Hajj 2019. tle with the Church to free politics from religion Dr Masood Rabbani presented the vote of Later, UVAS Pro Vice-Chancellor Prof DrMa- He stated this while addressing the and the British rulers in the sub continent had pro- thanks. In his address he lauded the organiz- soodRabbanichaired the concluding ceremony participants of an awareness-raising Hajj moted the same philosophy here. In order to keep ers to arranged informative workshop for pro- and distributed shields and certificates among the Policy Consultative Workshop for Hajj the Ulema and religious circles from state affairs, fessionals. winners of the contests while Senior Tutor UVAS 2019 held at Govt Jinnah Islamia Col- the British had patronized the elements who con- He urged the importance of poultry farms man- Prof Dr Kamran Ashraf Prof Dr Yasin Tipu and a By Our Staff Reporter lege Sialkot under the auspices of Min- sidered religion as an obstacle in their way. agement which is the key to development of poul- large number of students were present on the oc- istry of Religious Affairs and Religious He said that the country had so far been ruled try production. casion. LAHORE: Amir, Jamaat e Islami (JI), Pak- Harmony here on Thursday. by those who had secured Jagirs ( large landhold- He said UVAS is focusing on technology de- Earlier, UVAS students Zeeshan Haider Raza istan, Senator Sirajul Haq, has said that the men- Rehan Abbas Khokhar (Director Hajj ings) from the British for betraying their nation. velopment for the learning of students and also and Ahsan Ashraf from the platform of UVAS tal slaves of the west were the biggest hurdle in Lahore), Incharge Hajj Operation Sialkot He said these very people were the real cause of all QIRTAS society won first position, trophy along the realization of the sublime goal for which Pak- Mujeeb Akbar Shah, senior journalists for the profitability of poor farming community the problems facing the country and the nation at istan had been created. He was addressing the par- and other senior officials of the Ministry to solve their issues. with cash prize in Bait Bazi Competition held at present and they had ruling the country by chang- ticipants of the JI central workshop for workers at of Religious Affairs also attended. The aim of the workshop was to focus on the Tariq Aziz Show while UVAS Student Maham ing their parties. These people had been protect- Mansoora. The officials got positive suggestions pathogenesis of disease for various poultry dis- Zahra represented UVAS Debating Society won ing one another’s interest and corruption. Sirajul Haq said that this country was created and feedback from the Hajj pilgrims who eases, and illustrate through case-based examples Best Urdu Speaker Majeed Nizami Award in All He said that that what had been going on in the for the enforcement of the Shariah and thousands have recently performed the Hajj obliga- and activities. Additionally, ensuring that appro- Pakistan Alama Muhammad Iqbal Bilingual Con- country in the name of accountability so far was a of the Muslims had laid down their lives for this tion as well. On this occasion, most of priate samples arrive at the laboratory to be use- test 2018 held at Government College University farce, and if there had been a true accountability, great cause. the male and female Hajj pilgrims ex- ful in diagnosis is essential, imparting a training (GCU) Lahore. UVAS Pro Vice-Chancellor Prof the plunderers would not have been in power time He said the masses had been expecting the en- pressed their full satisfaction over the of necropsy and sample collection practical Dr Masood Rabbani congratulated them on their and again. forcement of the system based on the holy Quran Hajj arrangements. knowledge to the participants of workshop. achievements and appreciated their effort. The Business | PAKISTAN STOCK EXCHAFNridayG, NoveEmber 160, 24018

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Ltd. 100.25 102.50100.25 101.35 0.83 Shaheen Insurance Co Ltd. 4.60 5.00 4.60 5.00 0.05 Lucky Cement Ltd. 485.90 505.00480.01 497.17 14.69 United Insurance Co. 10.45 10.49 10.45 10.49 -0.21 SUGAR & ALLIED INDUSTRIES Maple Leaf Cement Factory Ltd. 52.53 54.00 52.25 52.94 0.88 Universal Insurance Co Ltd. 6.55 6.75 6.55 6.75 0.25 Adam Sugar Mills Ltd. 29.10 30.50 29.10 30.50 1.45 Pioneer Cement Ltd. 52.01 53.08 51.50 53.08 2.52 Al-Abbas Sugar Mills Ltd. 196.75 196.75196.75 196.75 3.61 Power cement Ltd 8.30 8.44 8.21 8.35 0.18 INV. BANKS / INV. COS. / SECURITIES COS. Al-Noor Sugar Mills Ltd. 41.80 45.00 41.80 45.00 1.00 Safe Mix Concrete Ltd. 8.30 8.37 8.28 8.33 0.18 786 Investments Ltd 20.60 21.52 20.51 21.35 1.01 Ansari Sugar Mills Ltd. 13.20 13.69 13.20 13.50 0.50 Thatta Cement Co Ltd. 15.81 16.50 15.81 16.02 0.26 Apna Microfinance Bank Ltd. 5.92 5.92 5.92 5.92 0.91 Chashma Sugar Mills Ltd 46.50 46.50 46.50 46.50 0.45 Arif Habib Ltd. 45.50 47.39 45.50 47.38 2.23 Dewan Sugar Mills Ltd. 5.60 5.85 5.55 5.60 0.30 CHEMICAL Cyan Ltd. 43.50 43.99 43.00 43.99 2.09 Faran Sugar Mills Ltd. 69.05 69.05 69.05 69.05 0.80 Agritech Ltd 6.22 6.28 6.11 6.14 0.01 Dawood Equities Ltd. 3.24 3.55 3.21 3.55 -0.14 Habib Sugar Mills Ltd. 40.00 40.00 40.00 40.00 1.00 Akzo Nobel Pakistan Ltd. 150.00 150.00149.01 149.50 0.76 EFG Hermes Pakistan Ltd. 25.00 25.00 25.00 25.00 0.00 Habib-ADM Ltd. 49.50 52.99 49.50 52.12 2.32 Archroma Pakistan Ltd. 539.80 540.00533.00 539.81 7.95 Escorts Investment Bank Ltd. 21.80 22.15 21.05 21.21 -0.49 Haseeb Waqas Sugar Mills Limit 4.95 4.95 4.83 4.94 0.04 Bawany Air Products Ltd. 6.62 6.75 6.01 6.45 -0.12 First Capital Sec.Corp. Ltd. 2.10 2.17 2.10 2.15 0.03 Husein Sugar Mills Ltd. 22.97 23.90 22.97 23.37 1.00 Berger Paints Pakistan Ltd. 81.00 81.54 80.55 80.88 -0.30 First Credit & Invest Bank Ltd. 4.02 4.02 4.02 4.02 -0.78 Imperial Sugar Ltd. 22.99 23.00 22.99 23.00 0.62 Bifo Industries Ltd. 242.00 243.95233.50 238.61 -6.16 First Dawood Invest Bank Ltd. 2.13 2.29 2.13 2.25 0.05 Jauharabad Sugar Mills Ltd 43.00 44.40 43.00 43.70 2.10 Colgate Palmolive (Pak) Ltd. 2410.01 2410.012410.01 2410.01 114.76 First National Equities Ltd. 6.30 6.34 6.19 6.23 -0.23 Mehran Sugar Mills Ltd. 110.00 110.75102.00 108.25 3.52 Data Agro Ltd 13.26 13.26 13.26 13.26 -0.40 Invest Capital Invest Bank Ltd. 1.40 1.55 1.40 1.53 0.06 Mirpurkhas Sugar Mills Ltd. 108.00 109.00108.00 109.00 4.50 Descon Oxychem Ltd.. 37.40 37.45 36.63 36.79 -0.40 Jahangir Siddiqui & Co Ltd. 14.69 14.70 14.45 14.51 0.04 Noon Sugar Mills Ltd. 61.95 61.95 61.95 61.95 2.95 DYNEA Pak 94.00 96.49 93.00 96.13 3.15 JS Investments Ltd. 8.00 8.00 8.00 8.00 0.00 Sakrand Sugar Mills Ltd. 17.60 19.04 17.60 19.04 1.00 Engro Polyr & Chemicals Ltd. 38.75 39.85 38.60 39.36 0.66 MCB-Arif Habib S& I Ltd 22.60 23.00 22.60 22.60 -0.01 Shahmurad Sugar Mills Ltd. 109.00 112.75109.00 112.75 5.37 Ghani Gases Ltd. 13.25 14.27 13.25 14.27 1.00 Pakistan Stock Exchange Ltd. 17.17 17.69 17.17 17.59 0.05 Shahtaj Suger Mills Ltd. 69.00 69.00 69.00 69.99 -0.99 ICI Pakistan Ltd. 640.00 659.99640.00 658.00 5.55 Pervez Ahmed Securities Ltd. 1.00 1.03 0.95 0.96 -0.05 Shakarganj Ltd. 68.50 73.50 68.11 71.66 -0.99 Ittehad Chemical Ltd. 27.65 28.50 27.65 28.24 0.54 Security Investment Bank Ltd. 10.75 10.75 10.75 10.75 0.36 Sindh Abadgars Sugar Mills Ltd. 0.00 -- 16.50 0.00 Leiner Pak Gelantine Ltd. 14.51 14.51 14.51 14.51 -0.94 Trust Investment Bank Ltd. 1.65 1.79 1.65 1.74 0.08 Lotte Chemical Pakistan Ltd. 19.46 20.30 19.41 19.81 0.31 SYNTHETIC & RAYON Nimir Resins Ltd. 9.00 9.18 8.84 8.88 -0.05 LEASING COMPANIES Gatron (Industries) Ltd. 345.00 350.00345.00 350.00 5.01 Pakistan Oxygen Ltd. 217.21 219.99217.21 219.00 1.50 Grays Leasing Ltd. 3.25 3.25 3.25 3.25 -0.50 Pakistan Synthentics Ltd. 25.85 25.85 25.85 25.85 0.67 Pakistan PVC 4.55 5.00 4.55 4.85 0.07 Orix Leasing Pakistan Ltd. 29.70 29.80 29.50 29.50 0.06 Rupali Polyester Ltd. 29.50 29.50 29.25 29.25 1.00 Sardar Chemical IndustriesLtd. 17.49 17.49 16.16 16.16 -1.00 Security Leasing Corp. 9.00 9.84 9.00 9.46 -0.13 Tri-Star Polyester Ltd. 16.02 17.10 16.02 16.98 0.65 Sitara Peroxide Ltd 37.55 37.90 36.65 36.75 -0.62 Wah Noble Chemicals Ltd. 309.00 320.00309.00 318.60 1.91 LEATHER & TANNERIES TECHNOLOGY & COMMUNICATION Bata Pakistan Ltd. 1614.99 1620.001600.12 1615.00 0.25 Avanceon Ltd. 91.20 93.30 90.71 91.89 -0.90 CLOSE - END MUTUAL FUND Leather Up Ltd. 13.05 13.08 12.01 12.35 -0.37 Hum Network Ltd. 6.00 6.04 5.85 5.90 -0.05 Golden Arrow. 8.00 8.10 7.96 8.07 0.04 Media Times Ltd. 1.15 1.22 1.10 1.20 0.06 HBL Growth Fund 12.50 12.50 12.50 12.50 0.40 MISCELLANEOUS NetSol Technologies Ltd. 101.99 106.24100.50 106.24 5.05 Tri - Star Mutual Fund Ltd. 8.97 8.97 7.88 8.17 -0.43 AKD Capital Ltd. 123.00 123.00122.10 126.75 -4.65 Pak Datacom Ltd. 53.50 54.00 53.00 53.68 0.63 ECOPAK Ltd. 18.00 18.20 17.98 18.00 0.20 Pakistan Telecommunication Co. 11.20 11.30 11.07 11.12 0.00 COMMERCIAL BANKS Gammon Pak. 11.00 11.00 11.00 11.00 0.00 Systems Ltd. 110.16 112.00110.00 111.35 0.75 Allied Bank Ltd. 105.03 106.50105.02 106.50 0.50 MACPAC Films Ltd. 24.90 24.90 24.90 24.90 0.90 Telecard Ltd. 1.83 1.85 1.76 1.82 0.07 Askari Bank Ltd. 25.50 26.00 25.50 25.86 0.24 Olympia Mills Ltd. 8.25 8.25 8.19 8.23 -0.37 TPL CORP Ltd. 6.16 6.34 6.15 6.20 0.06 Bank Al-Habib Ltd. 73.51 76.90 72.70 74.59 2.90 Pace (Pakistan) Ltd. 2.55 2.65 2.53 2.64 -0.01 TRG Pakistan Ltd. 30.37 31.30 29.70 30.77 0.37 Bank Alfalah Ltd. 51.00 51.50 50.50 51.00 0.25 Pakistan Hotels Developers Ltd. 105.93 109.95105.93 109.95 -1.55 Worldcall Telecom Ltd. 1.76 1.86 1.76 1.80 -0.01 Bank Of Punjab. 13.06 13.40 13.06 13.36 0.27 Shifa Int. Hospital Ltd. 239.00 240.00238.02 238.02 -12.52 Faysal Bank Ltd. 25.03 26.00 24.80 25.69 -0.04 Siddiqsons Tin Plate Ltd. 20.06 20.45 19.71 20.24 0.42 TEXTILE COMPOSITE Habib Bank Ltd. 140.00 146.22139.11 146.10 6.74 Synthetic Products Enter[ Ltd. 33.11 33.11 31.46 31.49 -1.51 Artistic Denim Mills Ltd. 63.50 63.50 63.50 63.50 1.50 Habib Metropolitn Bank Ltd. 42.27 42.79 42.01 42.64 -0.34 TPL Properties Ltd. 8.52 8.74 8.31 8.40 -0.28 Aruj Industries Ltd. 19.50 19.50 19.50 19.50 0.00 JS Bank Ltd. 6.95 7.00 6.84 6.90 0.05 Tri-Pack Films Ltd. 123.15 128.99123.15 127.00 5.01 Azgard Nine Ltd 13.33 13.60 13.20 13.31 0.03 MCB Bank Ltd. 199.10 202.50198.30 201.39 0.95 United Brands Ltd. 35.39 36.50 35.39 36.45 1.48 Bhanero Textile Mills Ltd. 990.00 992.22950.00 950.00 5.02 Meezan Bank Ltd. 95.95 95.95 89.67 93.21 -2.37 United Distributors Pakistan. 48.09 48.09 48.09 48.09 2.29 National Bank Of Pakistan. 48.85 49.65 48.85 49.29 0.33 Crescent Textile Mills Ltd. 29.60 29.60 28.60 28.75 -0.78 Dawood Lawrencepur Ltd. 170.00 170.00166.15 166.15 -4.81 Samba Bank Ltd. 8.00 8.00 7.99 7.99 -0.54 MODARABAS Faisal Spinning Mills Ltd. 325.00 325.00320.01 320.01 -4.99 Silk Bank Ltd. 1.19 1.22 1.18 1.19 0.00 First Elite Capital Mod. 2.80 2.80 2.70 2.70 -0.05 Feroze1888 Mills Ltd. 68.90 69.35 67.50 67.56 -0.50 Soneri Bank Ltd. 12.40 12.40 12.40 12.40 -0.10 First National Bank Modaraba. 2.00 2.00 1.90 1.94 -0.05 Ghazi Fabrics International Ltd. 4.50 4.60 4.50 4.50 0.13 SC Bank Pak Ltd. 24.90 24.90 24.90 24.90 0.75 First Pak Mod. 1.74 1.94 1.74 1.94 0.25 Gul Ahmed Textile Mills Ltd. 52.50 53.25 52.27 52.89 0.42 Summit Bank Ltd. 1.06 1.07 0.97 1.00 0.01 First Paramount Mod. 6.28 6.28 6.28 6.28 -0.02 The Bank of Khyber. 12.74 12.74 12.51 12.51 -0.13 First Prudential Mod. 1.49 1.50 1.41 1.42 0.07 Hala Enterprises Ltd 12.00 12.79 12.00 12.77 1.00 United Bank Ltd. 131.49 137.84130.11 137.84 6.56 First Treet Manuf Modaraba. 16.85 16.85 16.85 16.85 1.00 Jubilee Spinning & Weaving Mil 4.45 4.45 4.30 4.30 -0.30 First UDL Mod. 13.60 13.60 13.25 13.40 -0.10 Kohinoor Industries Ltd. 5.75 5.85 5.71 5.73 -0.01 ENGINEERING Modarba Al-Mali. 3.88 3.88 3.87 3.88 -0.23 Kohinoor Mills Ltd. 33.41 33.41 33.41 33.41 1.59 Aisha Steel Mills Ltd. 11.50 11.83 11.47 11.64 0.12 Popular Islamic Madaraba 2.19 2.19 2.18 2.18 -1.00 Kohinoor Textile Mills Ltd. 54.00 55.80 53.99 54.45 0.17 Amreli Steels Ltd. 66.00 67.34 65.00 65.30 -1.32 Sindh Modaraba. 5.10 5.10 5.10 5.10 -0.30 Mian Textile Industries Ltd. 3.24 3.24 3.24 3.24 0.29 Bolan Casting Ltd. 90.50 93.00 90.50 90.95 0.03 Mubarak Textile Mills Ltd. 11.80 11.80 11.80 11.80 0.60 Crescent Steel & Allied Product. 57.00 58.84 57.00 58.14 1.16 OIL & GAS EXPLORATION COMPANIES Nishat (Chunia) Ltd. 62.75 63.45 62.26 62.97 0.27 Dost Steels Ltd. 6.14 6.35 6.10 6.12 -0.02 Mari Petroleum Co Ltd. 1398.00 1398.001370.00 1385.26 20.54 Nishat Mills Ltd. 154.00 154.00151.50 151.83 -0.34 Drekkar Kingsway Ltd. 4.13 4.16 4.13 4.16 0.10 Oil & Gas Development Co Ltd. 147.80 149.69147.00 148.30 0.95 Redco Textile Ltd. 2.76 3.89 2.75 3.77 0.45 Huffaz Seamless Pipe Industrie. 27.70 30.20 27.55 28.05 0.35 Pakistan Oilfields Ltd. 502.00 509.97495.05 507.07 0.27 Reliance Weaving Mills Ltd. 36.00 36.47 35.25 36.47 -0.26 International Industries Ltd. 174.00 179.00173.50 174.78 1.00 Pakistan Petroleum Ltd. 170.50 172.00167.50 171.47 2.63 Safa Textiles Ltd. 18.20 19.14 18.10 19.14 0.04 International Steels Ltd. 89.49 91.69 89.00 90.19 1.09 Shams Textile Mills Ltd. 33.00 33.00 33.00 33.00 -0.80 Ittefaq Iron Industries Ltd.(XD 12.40 12.50 12.20 12.37 0.16 OIL & GAS MARKETING COMPANIES Towellers Ltd. 65.08 65.08 65.08 65.08 -3.42 KSB Pumps Co Ltd. 215.00 230.00215.00 222.50 5.00 Attock Petroleum Ltd. 501.50 510.00501.50 503.49 -0.81 Zahidjee Textile Mills Ltd. 15.89 15.89 15.89 15.89 0.05 Mughal Iron & Steels Ind Ltd. 52.99 53.30 51.90 52.18 -0.01 Burshane LPG (Pakistan) Ltd. 37.99 37.99 37.01 37.01 -0.42 Pakistan Engineering Co Ltd. 206.54 206.54206.54 196.71 9.83 More rates on page 6 The Business Stock & Currency | 05 Friday, November 16, 2018

TEXTILE SPINNING FCCL-NOV 26.00 26.30 25.80 25.90 -0.06 TOBACCO FFBL-NOV 41.70 43.36 41.60 42.60 0.30 Amtex Ltd. 1.40 1.50 1.40 1.47 0.04 Khyber Tobacco Co. Ltd. 495.00 510.13495.00 510.13 24.29 FFC-NOV 99.40 100.01 99.40 100.01 0.52 Asim Textile Mills Ltd. 10.50 10.50 10.50 10.50 0.19 Pakistan Tobacco Co Ltd. 2325.00 2325.002200.00 2200.05 -98.00 FFL-NOV 33.90 35.46 33.90 35.18 1.25 Bilal Fibres Ltd. 2.87 2.90 2.73 2.76 -0.01 FABL-NOV 25.40 25.80 25.40 25.50 0.05 Chakwal Spinning Mills Ltd. 3.03 3.14 2.81 2.89 0.21 TRANSPORT GATM-NOV 53.00 53.21 52.75 52.75 0.21 Colony Textile Mills Ltd. 4.15 4.17 4.10 4.15 0.08 Pak Int’l Airline Corp Ltd 6.70 6.70 6.25 6.30 -0.39 HBL-NOV 141.70 147.03140.00 146.81 6.37 Crescent Cotton Mills Ltd. 31.00 31.50 31.00 31.50 0.50 Pakistan Int.Container Terminal. 247.27 247.45247.00 247.45 6.98 HUBC-NOV 94.20 94.70 94.20 94.47 0.75 Crescent Fibres Ltd. 37.00 37.00 37.00 37.00 1.00 Pakistan Intl. Bulk Terminal Ltd. 12.62 12.90 12.62 12.69 0.16 ISL-NOV 90.00 91.90 89.46 90.67 1.26 D. S. Industries Ltd. 3.44 3.50 3.36 3.38 -0.06 Pakistan National Shipping Co. 64.00 66.16 64.00 66.16 3.15 KEL-NOV 6.00 6.09 5.92 5.94 -0.01 Dewan Farooque SP Mills Ltd. 2.70 2.79 2.63 2.69 0.09 LOTCHEM-NOV 19.70 20.35 19.43 19.91 0.33 Dewan Khalid Textile Mills Ltd. 3.10 3.12 3.10 3.12 0.12 VANASPATI & ALLIED INDUSTRIES LUCK-NOV 485.12 506.90482.00 499.79 15.01 Fazal Cloth Mills Ltd. 164.98 164.98164.98 161.87 7.85 Punjab Oil Mills Ltd. 211.00 221.49201.00 221.49 10.49 Gadoon Textile Mills Ltd. 301.00 301.00293.50 295.00 -4.90 S .S . Oil Mills Ltd. 38.83 38.83 37.90 37.90 0.91 MLCF-NOV 52.75 54.10 52.40 53.12 0.79 Hira Textile Mills Ltd. 5.53 5.70 5.51 5.65 0.05 Unity Foods Ltd. 32.65 33.55 32.61 33.06 0.41 MCB-NOVB 199.99 201.70199.51 201.70 1.70 Indus Dyeing & Manufacturing. 527.99 528.04524.50 525.00 22.10 NBP-NOV 49.05 49.90 49.05 49.51 0.43 Island Textile Mills Ltd. 1686.25 1686.251686.25 1686.25 -88.75 WOOLLEN NCL-NOV 63.40 63.80 62.75 63.25 0.19 J. A. Textile Mills Ltd. 4.80 5.75 4.52 4.73 -0.28 Bannu Woollen Mills Ltd. 47.00 47.00 46.75 46.75 -0.90 NML-NOV 154.50 154.50152.55 152.85 -0.84 Khalid Siraj Textile Mills Ltd 1.66 1.88 1.66 1.67 -0.24 OGDC-NOV 148.15 150.00147.00 149.23 0.87 Kohinoor Spinning Mills Ltd. 3.20 3.29 3.05 3.13 0.04 REAL ESTATE INVESTMENT TRUST PAEL-NOV 32.22 33.73 32.11 33.43 1.60 N.P. Spinning Mills Ltd. 8.00 8.00 8.00 8.00 1.00 Dolmen City REIT. 12.20 12.20 11.98 12.14 0.14 PIBTL-NOV 12.79 12.94 12.68 12.74 0.14 Nazir Cotton Mills Ltd. 2.55 2.60 2.55 2.60 0.27 POL-NOV 503.56 510.30497.00 509.05 1.65 Premium Textile Mills Ltd. 248.00 250.00245.00 245.00 3.00 FUTURE CONTRACTS PPL-NOV 171.40 172.99171.00 172.48 2.59 Ruby Textile Mills Ltd. 6.16 6.16 6.16 6.16 -0.33 ASL-NOV 11.67 11.90 11.62 11.70 0.14 PRL-NOV 32.60 32.75 32.09 32.22 -0.05 Saif Textile Mills Ltd. 19.50 19.96 19.50 19.76 0.67 AKBL-NOV 25.95 26.44 25.95 26.44 0.46 PSO-NOV 272.49 273.25269.50 270.79 -1.94 Salman Noman Enterprises Ltd. 3.10 3.45 3.10 3.45 0.15 ATRL-NOV 225.80 227.35222.00 223.73 -1.90 PTC-NOV 11.95 11.95 11.21 11.25 -0.09 Sana Industries Ltd. 50.00 50.00 50.00 50.00 -0.12 BAFL-NOV 49.10 50.95 49.10 50.91 -0.46 PIOC-NOV 51.85 53.27 51.21 53.27 2.53 Saritow Spinning Mills Ltd. 6.90 7.10 6.90 7.10 0.19 BOP-NOV 13.15 13.42 13.12 13.39 0.31 POWER-NOV 8.40 8.50 8.35 8.39 0.11 Service Textile Mills Ltd. 0.00 --14.05 0.00 BYCO-NOV 11.96 12.18 11.75 12.11 0.30 STCL-NOV 19.05 19.75 19.05 19.44 0.46 Shadab Textile Mills Ltd. 54.90 55.12 54.90 55.12 2.62 CHCC-NOV 77.20 80.44 77.06 80.44 3.83 STPL-NOV 20.13 20.56 19.88 20.32 0.32 Tata Textile Mills Ltd. 51.00 52.00 51.00 51.50 -0.50 DGKC-NOV 111.80 113.00110.55 111.40 0.77 DOL-NOV 37.26 37.65 36.70 36.98 -0.37 SNGP-NOV 90.60 92.00 89.98 90.98 0.87 g were TEXTILE WEAVING ENGRO-NOV 326.25 329.74326.25 329.09 1.74 SSGC-NOV 26.40 27.57 26.40 27.17 0.74

Samin Textiles Ltd. 4.10 4.45 4.00 4.10 -0.25 EFERT-NOV 78.90 78.90 77.78 78.09 -0.18 SEARL-NOV 287.80 292.25285.00 287.58 7.86 Service Fabrics Ltd. 3.15 3.25 3.12 3.20 0.00 EFOODS-NOV 85.00 86.00 85.00 85.86 1.13 TRG-NOV 30.42 31.43 29.79 30.95 0.40

Yousuf Weaving Mills Ltd. 3.80 3.88 3.73 3.78 0.04 EPCL-NOV 39.15 40.00 38.75 39.56 0.55 UBL-NOV 132.50 139.10132.00 139.10 6.62 Zephyr Textile Ltd. 12.26 12.26 12.25 12.26 -0.25 FATIMA-NOV 35.05 35.05 35.05 35.05 -0.08 UNITY-NOV 32.79 33.65 32.74 33.26 0.61

Bullion rates Shipping activity at Port Qasim Foreign Currency Lahore KARACHI (APP): Following were the Bullion Prices in KARACHI(APP):Two ships, age of Port Qasim during last 24 imports, comprising 46,185 tonnes Karachi on Thursday. Medi Masura and Sheila carrying hours. liquid cargo and 15,058 tonnes dry KARACHI A(APcP)c: ount Scheme 18,435 tonnes Canola seeds and A total of seven ships are cur- cargo was handled at the Port. KARACHI: (per 10 gram) 56,426 tonnes Coal were allotted rently occupying PQA berths to Six ships, APL Miami, MSC Gold Tezabi 24-CT Rs 52683.00 berths at Grain & Fertilizer Termi- load/offload Containers, Coal, Heidi, Maersk Kensington, Trinity Silver Tezabi Rs 703.00 nal and Pakistan International Canola seeds, Chemicals, General and Swiney Glory carrying Con- The Foreign Exchange Rates Commit- Bulk Terminal respectively on cargo, LPG, Palm oil and Diesel tainers, LNG and Coal are ex- MULTAN: (per 10 gram) tee of Financial Market Association of Pakistan issued the Gold Tezabi 24-CT Rs 50150.00 Monday. oil respectively. Out of seven, two pected to take berths at QICT, following Base Rate, here on Thursday. Gold 22-CT Rs 47850.00 Meanwhile four more ships, ships namely, New Legend and PGPCL and PQEPT respectively FOREIGN CURRENCY ACCOUNTS SCHEME -- RATES Silver Tezabi Rs 703.00 MSC Heidi, APL Miami, IVS YM Miranda are expected to sail on Tuesday, while another contain- U.S. DOLLBAARYS B I D V A L U E M 1A5X-1IM1-U1M8 R A TES Silver Thobi Rs 643.00 Swinley Forest and Trinity Glory on today in the afternoon. ers ship Northern Dedication is FOR PAYMENT OF INTEREST BY carrying Containers, Coal and Cargo handling remained at the due to arrive at Port Qasim on ETHERIZED DEALERS R A T E S HYDERABAD (per 10 gram) LNG also arrived at outer anchor- Port at 61,243 tonnes exclusive Wednesday. Gold-Tezabi-24-ct Rs.52040/10 Gold-Tezabi 22-ct Rs.47700/10 EXCHANGE RATES FOR CURRENCY NOTES For 3 months Silver-Tezabi Rs.700/10 and over but SELLING BUYING Note: Bullion rates from Hyderabad, Multan and Lahore were less than 6 months 2.3641% PA 3.1141% PA not received on Thursday. Rate % p.a. For 6 months and over but less than 12 Months 2.6054% PA 3.3554% PA INTEREST RATES ON OLD & INCREMENTAL F.C.Y DE OSITS For 12 months 2.8848% PA 3.7598% PA Spot rates of cotton U.S.A 135.24 132.09 For 2 Years 2.8848% PA 4.2598% PA POUND STERLING 15-11-18 KARACHI (APP):Karachi Cotton Association (KCA) on S.ARABIA 35.80 34.48 USD 0.1000 For 3 Years 2.8848% PA 4.5098% PA For 4 years 2.8848% PA 4.7598% PA Thursday announced the following KCA Spot Rates for U.K 176.24 172.14 3G0B PD AYS 60 DAYS 90 DAY S 120 DAYS 1 50 DA YS 1800 .D1A0Y0S0 For 5 years 2.8848% PA 4.8848% PA local dealing in Pak rupees for base grade 3 (three) staple JAPAN 1.1922 1.1638 JPY 0.0000 length 1-1/16" Micronaire value between 3.8 and 4.9 NCL. EURO 153.53 149.97 U.A.E 36.L9I1B O R VA33L.U8E5 Rate Ex-Gin Up-country Spot Rates BILL BUYING RATES PER UNIT OF CURRENCY for Price Expenses Ex-Karachi For 3 months 37.324 kgs 8,800 160 8,960 LIBOR FOR CALCULATING INTEREST ON SPECIAL US and over but DOLLAR BONDS USD L/C 132.90 132.06 131.18 130.29 129.38 128.43 less than 6 Months 0.6258% PA 1.3758% PA Equivalent GBP L/C 173.34 172.51 171.63 171.30 170.59 169.00 For 6 months and 40 kgs 9,431 171 9,602 6 Mths US Dollar 2.86344 15-11-2018 EUR L/C 151.17 150.59 150.00 149.24 148.61 148.24 over but less than 12 months 0.7375% PA 1.4875% PA For 12 Months 0.8947% PA 1.7697% PA Foreign exchange rates For 2 Years 0.8947% PA 2.2697% PA KARACHI (APP): FEoUrR 3O Y e a r s 1 5 - 1 10.-81984 7 % PA 2.5197% PA For 4 years 0.8947% PA 2.7697% PA For 5 years 0.8947% PA 2.8947% PA

The Exchange Rates Committee of For 3 months and Financial Markets Association of Pakistan issued the LIBOR VALUE over but less than following exchange rates bulletin, here on Thursday. 6 months 0.1081% PA 0.8583% PA LIBOR FOR CALCULATING INTEREST ON SPECIAL For 6 months and US DOLLAR BONDS VIDE SBP F.E. CIRCULAR NO.42 & over but less than 21.07.98 & 04.08.98 RESPECTIVELY. 12 months 0.08099 PA 0.8309% PA For 12 Months -0.0277% PA 0.8473% PA 6 MONTHS USDOLLAR 2.8554 15.11.2018 For 2 Years -0.0277% PA 1.3473% PA CONVERSION RATES FOR 15TH NOVEMBER 2018 FOR FJAoPr A3N YEeSarEs Y E N -105.0-12177-1%8 P A 1.5973% PA FOREIGN CURRENCY FOR FORWARD COVER FOR For 4 years -0.0277% PA 1.8473% PA DEPOSITS (EXCLUDING FE-25 DEPOSITS) For 5 years -0.0277% PA 1.9723% PA SBP SETTLEMENT VALUE DATE NOVEMBER 19, 2018. USD 133.9693 ATTOCK: Women buy warm clothes as their demand increases in the winter season. —Online GBP 173.7180 For 3 months and EUR 151.1174 over but less than JPY 1.1768 Currency rates of NBP 6 months -0.1512% PA 0.5988% PA KPT shipping intelligence report KARACHI (APP): Following are the selling/buying rates For 6 months and KARACHI (APP):The Karachi Port Trust (KPT) issued the following of major currencies issued by the National Bank of Pakistan over but less than shipping report for the last 24 hours, ending 0700 hours on Wednesday. CONTAINER (GEARED) (NBP), here on Thursday. 12 months -0.2377% PA 0.5123% PA ALONG SIDE (Bulk Oil Pier) Wehr Schulau Golden 15/11/18 Not Sched 414 Cnt. Nil NBP For 12 Months -0.1265% PA 0.7485% PA OP-I Quetta D. Crude Oil PNSC 12/11/18 U.S.A 135.24/ 132.09 For 2 Years -0.1265% PA 1.2485% PA For 3 Years -0.1265% PA 1.4985% PA OP-II High Strenght D. Mogas GAC 13/11/18 GENERAL CARGO: S.ARABIA 35.80/ 34.48 U.K 176.24/ 172.14 For 4 Years -0.1265% PA 1.7485% PA Danica Voilet Gulf Maritime 14/11/18 Not Sched 37 G.C 225 G.c Itami For 5N yeaBrs P E -0x.1c26h5%a PAn g e 1R.87a35t%e PsA JAPAN 1.1922/ 1.1638 KARACHI (APP): ALONG SIDE (East Wharves): GAC 15/11/18 Not Sched 1,404 G.C Nil EURO 153.53/ 149.97 10/11 AP Astarea D. Dap Bulk-Sh. 09/11/18 Rickmers Antwerp Delta 16/11/18 Not Sched 42 G.C Nil U.A.E 36.91/ 33.85 11/12 Ras Ghumaya-I D. Dap WMA Shipcare 11/11/18 Selling Buying Buying 12/13 Worldera-II L. Clinkers Crystal Sea 11/11/18 FERTILIZER: Opening rates of FC in TTTre a&s uOryD M a n a TgeTm Celneta Dn iv isOioDn/ To.fC NHaQ- 14/15 MDM Bromo D. DAP Bulk-Sh. 06/11/18 Maritime Longevity Bulk-Sh. 18/11/18 Not Sched 50,210 Dap Nil tional Bank of Pakistan (NBP) on Thursday issued the fol- lowing exchange rates. 15/16 Star Sophia D. Meal Alpine 09/10/18 Truong Minh Sea Bulk-Sh. 18/11/18 Not Sched 53,600 Dap Nil kerb currency market KARACHI (APP):Following were the Opening Rates of foreign currencies in kerb market issued by the Forex Association of Pakistan ALONG SIDE(P.I.C.T): CLINKER: (FAP), here on Thursday. F.C. Low Rate High Rate 8/9 Bomar Hermes D. L. Cnt. East Wind 13/11/18 Jahan Moni Crystal Sea 16/11/18 Not Sched Nil 50,000 U.S $ (Inter Bank) 133.98 134.08 U .S.A 133.90 133.70 133.43 U.S $ (Cash Free Market) 134.00 134.50 U.K 174.50 174.24 173.88 SAUDIA RIYAL 35.70 36.20 EURO 152.01 151.80 151.48 ALONG SIDE(PDWCP): SHIPS OFF PORT: UAE DIRHAM 36.60 37.10 CANADA 101.17 101.02 100.75 SAPT-3 KMTC Mumbai D. L. Cnt. U.M.A 13/11/18 Vessel Name Type Agent expected Berth No. Arrival Date Arrival EURO 151.00 153.00 UK POUND 173.00 175.00 SWITZERLAND 133.19 133.00 132.65 Time Remarks JAPANI YEN 1.17019 1.19019 AUSTRALIA 97.37 97.22 96.96 ALONG SIDE(West Wharves): Altonia Container Ships Golden 12/13 12/11/18 23:30 - CHF 132.16 133.16 SWEDEN 14.86 14.84 14.80 DKK 20.13 20.23 JAPAN 1.1804 1.1787 1.1756 25 Sun Ploeg D. Base Oil East Wind 13/11/18 Han De General Cargo Sea Hawks -- 29/10/18 18:40 1 NOK 15.61 15.71 NORWAY 15.78 15.75 15.71 BW Ciyde Oil Tanker Alpine OP-I 05/11/18 15:00 - SEK 14.59 14.69 AUD $ 95.82 96.82 SINGAPORE 97.27 97.13 96.87 ALONG SIDE (K.I.C.T): Chrisopigi Lady Oil Tanker Alpine -- 07/11/18 21:36 - CAD $ 101.00 102.50 DENMARK 20.34 20.31 20.26 SGD $ 96.47 97.47 SAUDI ARABIA 35.69 35.64 35.54 28/29 Maliakos D. L. Cnt U.M.A 14/11/18 Summit Africa Oil Tanker GAC OP-I 10/10/18 22:24 - HK $ 16.99 17.49 HONG KONG 17.22 17.21 17.16 Rose M Oil Tanker Alpine -- 13/11/18 01:00 2 KWD 439.46 439.56 CHINA 19.37 19.34 19.29 QTR RIYAL Nil Nil EXPECTED ARRIVALS: Karachi Oil Tanker PNSC -- 13/11/18 12:30 - OMANI RIYAL 347.66 347.21 KUWAIT 439.80 439.14 437.98 CONTAINER (GEARLESS) Lilac Victoria Oil Tanker Alpine -- 13/11/18 14:30 - BH DINAR 350.40 350.90 MALAYSIA 31.96 31.92 31.83 INDIAN RUPEE 1.70 1.85 NEWZEALAND 91.01 90.87 90.63 Cosco Colombo Cosco 16/11/18 Not Sched 800 Cnt. 800 Cnt. IRQ DINAR 0.095 0.120 QATAR 36.77 36.71 36.62 Cosco Hong Kong Cosco 16/11/18 Not Sched 1000 Cnt. 1000 Cnt. LEGEND: MALAYSIAN RINGI 31.50 33.00 U.A.E 36.54 36.49 36.39 IRANI RIYAL 0.0010 0.0018 Xin FU Zou COSCO 19/11/18 Not Sched 800 Cnt. 800 Cnt. 1 Shifted From B.No 16 TO O/A. BTK 1.40 1.70 KR WON 0.1184 0.1182 0.1179 TUHS ADIOLALLNADR POUN4.D07 S1T ERLING E4U.0R6 5 JAPANESE4 .Y0E5N5 Ever Deluxe Green PAK 21/11/18 Not Sched 800 Cnt. 900 Cnt. 2 Shifted From OP-II to O/A. AFGHANI RUP 1.40 1.70 Chinese Yuan 19.20 20.20 CONVERSION FOR FC DEPOSITS, DBC/FCBC, SPECIAL USD BOND

133.9693 173.7180 151.1174 1.18 The Business | EDITORFriIdaAy, NovLember 106 26018

The end of democracy MILES MOGULESCU by coming within a vote of repealing The Afford- Chief Editor he 2018 Midterm able Care Act, saved only election, the by the late John McCain. 2016 Presidential They could have chosen Irfan Athar Qazi election and the confirma- center-right Justices for E-mail: [email protected] tioTn of the lifetime ap- the Supreme Court, but pointment of two extreme instead chose Justices [email protected] right-wing Supreme Court from a list prepared by by Senators representing the hard right Federalist a minority of the people Society, who, even if De- Tijarat House, 14-Davis Road, Lahore raises the question of mocrats eventually re- whether “government of claim the executive and 0423-6312280, 6312480, 6312429, 6312462 the people, by the people, legislative branches, will Cell # 0321-4598258 for the people” is in the likely overturn laws and process of perishing, if regulations protecting the Fax: 042-36362767 not from the earth, then environment and the fi- from the United States of nancial system. 1st Floor Ahmed Plaza near Zong Office America. Conservatives will Susan Road, Faisalabad, Ph: 041-8555582 Trump and McConnell argue that America is a are celebrating their in- Republic – not a direct Cell: 0307-6000375, 0321-4598258 creased majority in the democracy – and the Senate, although Democ- ISLAMABAD / RAWALPINDI Founders intentionally rats won the raw popular N-125 Circular Road, Ph: 051-5551654, wrote a Constitution pro- vote by over 16 percent, 5532761, Cell # 0300-8567331 tecting the rights of the with 48 million voters – KARACHI minority against the po- 57.4 percent of the vote – 3rd Floor Kehkashan Mall 172-I Block II PECHS tential tyranny of the ma- supporting Democratic Opp Rehmania Masjid Main Tariq Road jority. There’s truth to this. Senate candidates, and 34 Ph: 021-34524550, Cell # 0300-8251534 For example, the First million, or 41 percent of Amendment was intended voters, supporting Repub- to protect the freedom of The dying game lican candidates, accord- speech and religion of KAMILA HYAT Traditional items based on vegeta- plans to introduce a much wider ap- ing to the latest New York those with minority views. Hundi mafia bles are no longer considered suit- proach to education and greater Times tallies. The Electoral College and eople die in different ways able for family dinners in a culture physical fitness at its schools. The Hillary Clinton got a the awarding of an equal in Pakistan. Malnutrition, where food is central to family life. prestigious American Academy of clear majority of 2.8 mil- number of Senators to notably among children We should question if we are ap- Pediatricians notes that all children lion more votes than Don- “hundi large and small states were unPder five, is one of the biggest proaching a similar situation. While between the ages of eight and 18 re- ald Trump in 2016 – but intended to protect the mi- killers in the country. According to the impressively active Punjab Food quire at least one hour of physical The corrupt send their ill-gotten gains abroad for he is President, after win- nority in smaller states Unicef, a shocking 78.8 children for Authority has banned scores of activity a day to help them reach purchase of assets and property outside Pakistan; no ning the Electoral College from over-reach. But these every 1,000 live births are dead by items containing monosodium glu- their full potential. In fact, this by an aggregate of 77,744 provisions were equally wonder the mafia” has great influence with the the time they reach the age of five. tamate, preservatives, colouring and helps them focus better on academ- votes in Michigan, Wis- enacted to protect slave establishment. Estimated at around $14-15 billion in As we have often noted, nearly 50 artificial flavour-enhancers that are ics and perform at improved levels consin, and Pennsylvania. states from being politi- 2004, the “hundi” system facilitators earned about percent are stunted or wasted. But harmful to the health of children, in classroom activities and exami- Moreover, there’s strong cally overwhelmed by free we have done nothing about this. these products continue to be sold nations. We have yet to learn these $1.2 billion, the country losing $15 billion annually, evidence that a much states. Today’s minority- However, there is also another almost everywhere. Parents simply lessons. Yet, there are so many pro- larger number of voters – or $45-50 million every working day. How India con- run government is, in large paradoxical factor that is causing don’t realise the damage these items grammes that we could adopt. many of them minorities part, a legacy of America’s trolled this illegal business in an ideal example for us. deaths. Fast food and processed can cause and there has been no at- The remarkably simple Daily – were illegally purged original sin of slavery. In 1975, former Prime Minister Indira Gandhi jailed food, according to several studies, tempt to raise awareness among Mile programme initiated nearly a from the voter rolls in On the hallowed is now more common than ever be- children. decade ago by a headmistress at a all hundi operators, seized all their properties and these states. Had their ground of Gettysburg, fore. A survey conducted by the Eu- Many people, even those privi- school in Scotland simply requires bank accounts and even the funds en route. In 2004, votes not been sup- where over 50,000 North- ropean Journal of Economics, leged enough to be served varied children from every classroom to pressed, Clinton, rather erners and Southerners the Indian expatriates on an average sent $4,000 per Finance and Administrative Science healthy meals, carefully pick veg- step out into the outdoors and run, than Trump, would likely died in a battle over the head annually, all through the banking system. Given (2012) revealed that nearly 80 per- etables out of their food before tak- jog or even walk at whatever pace be President now. integrity of the Union and the 8-9 million non-resident Indians abroad in 2004, cent of about a hundred people cho- ing a single bite. There is an they can manage for 15 minutes. In Brett Kavanaugh and to decide the future of sen from different economic argument that children will simply the case of most healthy children, this came to a cool $30-35 billion annually. Today it Neil Gorsuch were nomi- slavery, Abraham Lincoln backgrounds in Lahore and Faisal- not eat healthy items such as this would cover a mile. But there is nated for lifetime seats on is more than $ 70 billion. Chairman Bank Alfalah dedicated the nation to abad preferred junk food over regu- spinach, peas or broccoli. But this no competitive element to the pro- the Supreme Court by this the proposition “that gov- Sheikh Nahyan Bin Mubarak Al Nahyan sponsored a lar home-cooked, local items. This can easily be challenged. gramme and no pressure on chil- selfsame minority Presi- ernment of the people, by study to ascertain why Pakistan was lagging behind indicated a sharp change since the In France, even the smallest state dren. Teachers are free to take the dent, then confirmed by the people, for the people, 1970s when burgers with a patty in- in home remittances. The study group carried out re- schools with low budgets hire children outdoors whenever free Senators representing a shall not perish from this serted between two pieces of bread trained chefs who prepare multiple time is available. minority of the popula- earth.” search on the ground in Pakistan, Sri Lanka, were something of a mystery to course meals, even for infants. The The ranked sessions continue tion. The 50 Senators vot- Such a government may Bangladesh and the Philippines. The Philippines gov- many local diners. teaching staff helps children sit around the year and parents report ing to confirm Kavanaugh be in the process of per- Significantly, the trend has re- ernment gave wholehearted support to the study around a table and eat food served quite dramatic improvements in the represent 44 percent of ishing in the U.S., to be sulted in growing obesity, notably on proper tableware, with cutlery behaviour of children who attend group. 3.2 million Filipinos and Filipinas were regis- the U.S. population, and replaced by a government among children. It isn’t just the suited to their size. The children are schools where the programme has tered as employed abroad in 2003, 82 percent were the 48 Senators voting to of the minority, by the mi- wealthy who suffer. The less expected to complete each course, been introduced. From Scotland, it reject him represent 56 nority, and for the minor- women. wealthy may choose less well-es- eating slowly and also engaging in has now expanded into the rest of percent of the population. ity. It’s possible that The Philippine Central Bank invested money in a tablished brands of burgers or fries. social talk while they do so. Food, the UK and many parts of Europe, Yet with Kavanaugh minority rule could con- particular software meant to disburse money in- But they still consume them and the French believe, is central to the and is making its way to New and Gorsuch likely to offer them to their children. Many tinue for a while. But if it stantly to the many branches of many banks on one wellbeing of these children in the Zealand, Australia and the US. serve for decades, the of these parents don’t realise that future. If a child refuses to eat a par- The beauty of the project, espe- continues for long, politi- platform. This software was given free to the banks. cold dead hand of this mi- cal warfare and social they are effectively poisoning their ticular food item, it is simply taken cially in a time when space is lim- nority of Senators may In the Philippines, the banks remained open 24 hours offspring. away and the next course is served. ited and free hours short, is that it chaos is likely to increase determine the fate of the and the fate of the Union seven days a week. Money remitted anywhere in the This is especially true in a coun- The effort that France has puts requires no specialised training, no country long after they’re is in danger. An extended world was instantly transmitted to the account of the try where every sixth person suffers into its school dinners reflects eat- clean-up, no equipment and very lit- gone. from diabetes and heart disease has ing practices around the country and tle effort on the part of teaching period of government of, recipient next day. This built up trust among the Fil- In short, the United become rampant. This is combined has resulted in one of the lowest staff. And yet, it brings enormous by and for the minority, ipinos abroad; they did not go outside the banking States is being ruled by a could mean that Lincoln’s with a high intake of sugar – a sub- rates of heart disease or obesity in benefit for children. President, Senate, and system. $8.6 billion were remitted through banking stance that food experts such as Europe – though this may change as Researchers have noted that ad- ideal of popular govern- Supreme Court chosen by ment may well perish channels home in 2003, approximately $2,700 per ex- Jamie Oliver have challenged the fast food makes its way into the na- vertising junk food to children is a minority of Americans. from this earth, or at least use of in many popular items, in- tion. In our country, the problem of not unexpectedly a primary factor in It is equally alarming patriate Filipino per year. that part called The cluding ketchup. Oliver, who is best obesity is combined with another their growing demand for it. We that the Republican men In 2003, 2.3 million Bangladeshis sent $800 million United States of America. known for his attempts to improve concern: lack of fitness or good need to take steps to deal with the (and the handful of annually, about $350 per head. While Bangladesh has What can be done? the quality and health content of physical health. A telling advertise- problem at various levels. Aware- women) controlling these Amending the Constitu- a very active “hundi” trade, Pakistan was and remains school dinners in the UK and US, ment, originally from India, shows ness is key, as is the need to bring minority-run institutions the worst easily. In 2003, with 3.5 million Pakistanis believes sugar kills and has badly sad young hockey players, swim- back local items onto our children’s have chosen to govern tion to create a Senate affected the health of millions of mers, tennis players and others ‘re- plates, including the unbeatably more reflective of the sent only $900 million per annum, or approximately from the extreme right children around the world. tiring’ at the early age of 16. The healthy corn-on-the-cob, baked population or to eliminate $260 per head, one-tenth of what is being sent by ex- rather than seeking com- An example of how food im- lyrics in the ad suggest that their sweet potatoes, and other items that promise with the major- the Electoral College and patriate Filipinos and one-fifth of what is remitted by ported from other countries or ideas lives must now revolve around aca- are sold as street food. They have ity. They rammed through replace it with direct elec- the Sri Lankans. Non-Resident Indians (NRIs) sent as about food borrowed from the West demics. This, of course, is very true been replaced by other items come a tax cut for corporations tion of the President is can affect health can be witnessed much as $4,000 per head home in 2003. Our exchange for our country too. Indeed, aca- in packets and are highly processed. and the wealthy by put- virtually impossible, in Samoa, a small, idyllic island in demic pressures begin well before The damage is enormous and will since small states who value having dropped alarmingly in the last couple of ting the cost on the gov- the Pacific Ocean that once boasted the age of 17. Parents argue that inevitably have a huge impact on ernment credit card, and benefit would oppose it. months to prevent a free fall of rupee there is no time a lifestyle close to something we sports have little purpose. In addi- the future of our country and the are already calling for What is possible is left. Nearly 3.7 million Pakistanis sending about would equate with a unique close- tion, limited access to safe, open health of its people in the years to cuts to Social Security fighting voter suppres- $8000 each annually would amount to about $32 bil- ness to nature. Today, food imports, spaces adds to the problem in this come. This is not a matter that and Medicare because the sion, and making it easy notably cuts of lamb made up al- age of screens. should be overlooked. Government lion annually. Putting foreign exchange dealers out of national debt is now too rather than hard for ordi- most entirely of animal fat from More developed countries have policies need to be developed and nary people to vote. Pub- business permanently as India did will stop outflow large, due to their own ac- New Zealand are one of the most discovered that this approach is a implemented now so that bodies tions. lic financing of elections of at least $15-20 billion. Prime Minister Imran Khan commonly consumed products on disaster. Japan, which has one of the like the PFA can be supported and They almost denied can reduce the nefarious should allow Finance Minister Asad Omar and State the island. The result is a booming highest academic success rates new initiatives in this sphere en- tens of millions of Ameri- influence of big money on Bank of Pakistan Governor Tariq Bajwa to increase in- rate of diabetes and other diseases. among teenagers in the world, now couraged. cans access to health care our politicians. centives for Overseas Pakistanis to opt for regular money transmitting channels and regulate the TEL- COS transactions. Something in the air AMJAD BASHIR SIDDIQI particulate matter is the fuel- nine million deaths across the standards across the major cities pean countries are incentivising However, the proposal is being tation, the other example is the guzzling road transport that is globe. has compelled “expatriate exec- public transport projects to cut debated on grounds of an addi- uncalled-for increase in CNG iasmas, itching fed on dirty petrol and Euro-II Air pollution-induced dis- utive managers [to] shy away down on air pollution and road tional dollar per barrel cost for prices by up to Rs20, which is eyes, irritated diesel with high sulphur content. eases are mainly caused by from hiring from the Pakistan congestion. the cleaner product. an outright health and environ- throats and wheez- The coal-fired power plants and ozone and PM2·5 that lodges job market”. Governance is the biggest A cost-benefit analysis estab- mental scandal. ingM are the new normal of the at- the burning of solid waste in the deep in the lungs, causing vary- Confronted with stark cli- bane of our political systems lishes the terrible consequences The CNG-LPG doesn’t emit mosphere in the major cities of open also disperse dangerous ing degrees of bronchitis, pneu- mate-change episodes, we need and state institutions don’t act of continuing on the road of particulate matter and emits Pakistan, which have a large aerosol. There are a couple of monia, chronic obstructive to adopt a better fuel mix com- until push comes to a shove. high-sulphur fuel. A cleaner fuel very little carbon dioxide and number of private vehicles run- particulate precursors such as pulmonary disease, and lung prising cleaner fossil fuels, eco- This happened earlier this year will not only reduce the particu- GHGs. Tax policies must also be ning on dirty fuel, discharging nitrogen oxides and ozone that cancer. These aerosols are also friendly CNG, LPG and Chief Justice Saqib Nisar or- late matter escaping into the sur- structured to promote cleaner the witch’s brew of particulate give cities a dystopian, smoky responsible for 2.5 million pre- renewables to harness the safe dered the Environmental Protec- rounding air, but will also lower fuels to wean people away from matter, toxic sulphur com- look throughout the year. mature global deaths and in- air around us. tion Agency to install air-quality the amount of sulphur dioxide toxic compounds. Introducing pounds, and greenhouse gases The pungent air of busy traf- crease the risk of ischaemic We also need to cut down on monitors across the country and gas. Isn’t the provision of a toxicity charges on diesel cars (GHGs). fic lanes and the itching eyes are heart disease, cerebrovascular the high sulphur content in fuel enforce laws about excess emis- cleaner and safer environment will also ensure cleaner air by The presence of particulate characteristic of the ubiquitous disease and impaired cognitive and shift towards using cleaner sions from factories, brick kilns, that guarantees health worth making poisonous emissions ex- matter rings alarm bells for en- toxic sulphur dioxide that casts functions. petrol and Euro-V grade diesel and vehicles. more than having inexpensive pensive. We also need to convert vironmentalists and health prac- a dark shadow on our health Lahore, Peshawar, Islamabad that gives off only 10ppm of sul- The CJ also recently snubbed fuel? Many countries have two-stroke rickshaws to four- titioners, underlining the gravity and, consequently, the economy. and Karachi have some of the phur as compared with the cur- PSO for importing a highly con- switched to ULSD and are in- stroke CNG engines. Many of the danger to our environ- According to a report pub- highest levels of particulate pol- rent Euro-II grade diesel, taminated fuel when cleaner op- stalling catalytic converters in countries have introduced four- ment and health. There are two lished in 2015 by the medical lutants globally. This comes at a releasing 500ppm of the deadly tions are available. An road transport to keep people stroke motorcycles, which will type of particulate matter: journal Lancet, 22 percent an- harrowing cost: serious disease poison. With 15 million vehicles opportunity is on the horizon. from harm’s way. substantially reduce the emis- PM2.5 and PM10. PM10 is nual deaths in Pakistan are the incurs a high medical cost and a plying the roads of Pakistan’s The Kuwait Petroleum Com- It seems that we are eons sion of particulate material. around 10 micrometres or less result of air pollution. The per- reduction in labour productivity. cities and with this number pany has asked PSO to phase away from countries struggling With fewer trees and a perpetual and PM2.5 is 2.5 micrometres, centage of these deaths is in- But the ring of fire that hangs growing rapidly every day, the out Euro-II diesel as it is switch- to keep the air clean, as envi- haze, cities are gasping for clean the smallest and most dangerous creasing at an alarmingly rate. over us is the World Bank’s ob- decision to remove subsidies ing to the ultra-low sulphur ronmental issues don’t drive air. We need to address this particulate matter. In 2015, environmental pollu- servation that alarmingly high from a BRT project is perhaps diesel (ULSD) by 2020. This is electoral politics. While the problem as soon as possible. The single largest source of tion was responsible for over pollution levels and low living not a wise option. Many Euro- a critical decision-making time. ULSD decision is one manifes- The Business | OPINFriIdaOy, NovNember 106 20718 Strategy on scarcity ZIRGHAM NABI AFRIDI trying to fix everything at the same time. minister go about formulating such a what estimated cost? For the same cost, signed. It will be acceptable to release the this quest. Pakistan’s water issues are a Or equally, to try and implement individ- strategy? The first step would be to com- are there other avenues of water conser- database as a ‘work-in-progress’, with cross-party matter and solutions will re- t is heartening to see articles on ual solutions detached from an overarch- pile and present the government’s official vation in the agricultural, industrial and many items identified as missing and ear- quire decades of uninterrupted imple- Pakistan’s water issues appear with ing strategy. Both will result in the list of Pakistan’s water issues. Although household sectors that can help conserve marked for collection. A half-complete mentation across different governments greater frequency in newspapers. implementation of unsustainable stop- there are plenty of studies conducted by as much water? Can the dams be funded database will still be a giant leap forward for success. The media also has a role to ThIe chief justice deserves a great deal of gap measures, diverting precious re- multilateral agencies and NGOs that list through revenue generated from taxing in providing the country with some sci- play. It must keep water issues in the credit for this. His campaign to generate sources away from deeper structural the water issues plaguing the country, the these sectors for their use of water? entific basis on which to understand, de- forefront of public discourse and ask the funds for the construction of new dams issues that need to be addressed. government needs to provide the public Therefore, once the government’s offi- bate and chart a course towards an government to present its water strategy. has brought Pakistan’s water issues to the The minister must, therefore, focus his with its official list. A preliminary list cial list of water issues is finalised, a data effective water strategy. Based on an in- Each time the government announces a forefront. efforts on formulating an overarching should be compiled by the ministry, with gathering and compilation exercise creased understanding of key issues, the water programme, the media must ques- It is now imperative for the govern- strategy on the basis of which all water input from all relevant ministries and de- should be initiated to collect, compile and government will be in a position to effec- tion where in the overall strategy the pro- ment, particularly the Ministry of Water programmes in the country are imple- partments. A draft list should then be maintain all data relevant to the water tively prioritise the order in which it posed program fits in. It must also ask Resources, to step forward and take own- mented. Without a strategy, it will be al- shared with parliament, academic institu- challenges affecting the country. wants to tackle them. It will also be able about the data backing the government’s ership of resolving the water challenges most impossible to determine whether the tions, military, the media and the civil so- There is considerable data on water is- to identify the necessary actions required decision; how the programme is being faced by the country. The minister in right programmes are being implemented ciety for their input. After this is done, the sues in Pakistan, which is again mostly to address the problems. The actions funded and if the source is sustainable; charge must inform parliament, the and resources are being apportioned ap- government must present its final list to compiled by NGOs and multilateral or- along with timelines for implementation and what the benchmarks are for meas- media and citizens about what the gov- propriately, and ensure continuity. The the public. ganisations. Unfortunately, it is not should then be presented to the public as uring the programme’s success. Although ernment considers are the top issues fac- strategy must address a broad set of is- With the list formalised, the next step known if the government owns up to any a roadmap. While preparing to embark on Pakistan’s water issues are challenging, ing the country in water-resource sues involving technical issues such as should be to collect relevant data to help of these figures or if it maintains an al- this process, the ministry should begin they are not unique. Similar issues have governance and management; outline the dam-building and canal-lining; staffing gain a deeper understanding of the issues. ternative set of data. What compounds taking immediate steps towards finding been dealt with effectively across the priority in which the government plans to water-related ministries and departments In order to begin solving problems, we the problem is that it is not known what personnel who have the right skill-set and globe and the knowledge and experience address these challenges; and provide a with water specialists; building sustain- need to bring data into conversations data, if any, the government uses for plan- expertise to help the ministry formulate a is readily available for others to benefit roadmap of specific actions that the gov- able linkages with universities; drafting around our water challenges. Taking the ning water programs. The compiled data water strategy. This mix of personnel will from. All that is required is for the gov- ernment plans to take to address the chal- and implementing new laws on water CJ’s campaign as an example, data can should be presented and made available include experienced government staff ernment, through the Ministry of Water lenges. governance such as those on water-shar- help answer questions. What proportion to the public in the form of an official from relevant departments, academics, Resources, to invest time and resources Pakistan’s water issues are numerous ing and pricing; and, collecting data and of future predicted demand will the CJ’s web portal. The database ought to be and private-sector professionals from at a higher level to strategise and decide and can seem overwhelming. In such a maintaining an up-to-date database of dams fulfil? Therefore, how many more recognised as the basis on which the gov- within Pakistan and abroad. Opposition how it wants to deal with Pakistan’s situation, it is easy to fall into the trap of Pakistan’s water uses. How should the dams will be required in the future and at ernment’s water programmes are de- parties must support the government in water problems. Land price reforms MIFTAH ISMAIL land buyers may register their prop- ple who are operating benami thela- erty at any rate they decided but that wala accounts but no accountability ven compared to other the federal government would have of the people running benami ac- economies at a similar the right to buy their property at counts in the names of their maalis. stage of development, Pak- twice the declared rate. But, as you can see from the above istEan’s undocumented economy, as a This meant that property owners example, it is patently unfair to hold fraction of our total economy, is un- could register their properties for at only one side accountable and not duly large. This large undocumented least half the true market price for the other. I think there should be economy not only hampers our gov- fear that registering the property at across-the-board and fair accounta- ernment’s ability to generate enough less than that would leave them vul- bility for all). taxes but also results in inequitable nerable to government buying their Another measure we announced taxation, where the rich don’t pay property. with the amnesty scheme was to re- their fair share of taxes. For the next two years, we pro- quire anyone getting over Rs1 crore Economists mostly think that from gressively tightened the rule so that per year in foreign remittance to file the standpoint of economic effi- after two more years the federal gov- their income tax returns. This allows ciency and equity it is better to have ernment could buy the property at the government to ensure that the fa- direct taxes – that is, to tax income only 50 percent more than the regis- cilitation we accord to foreign re- and wealth. However, given the dis- tered value, forcing the buyers to mittance is not being used to whiten proportionate size of our undocu- register their property for at least wealth. mented or ‘black’ economy, we are two-thirds of its real value. We did- But the big step we took was to unable to fully tax wealth or income. n’t go beyond that as the actual mar- allow the federal government to buy Thus we end up taxing consumption ket value fluctuates and we didn’t any property at twice the registered and trade, called indirect taxation. want to give the government extor- price. The registered prices of prop- Indirect taxes generally impose a tionary powers. erties will now get close to the mar- larger loss to the economy per rupee Why do I think this is the most ket value and Pakistan’s huge raised in taxes and, worse still, since significant tax reform ever under- undocumented economy will be- the poor are not able to save, they af- taken in Pakistan? Consider the fact come documented over time. Inter- fect the poor most adversely. Finally, that home ownership is the biggest estingly, even though people given that the rich have the ability to store of wealth for most rich indi- routinely undervalue their proper- hide their wealth, they end up pay- viduals in Pakistan. And the official ties, there is no income tax advan- ing very little taxes in proportion to value of homes is normally about 20 tage from doing so, as we don’t their income. percent or less of the real value of impose tax on profit if a property is To address these issues, the last the house. This huge store of undoc- owned for more than three years. PML-N government took two big umented wealth is what drives and People do this just to hide their steps. The first step was a huge re- enlarges our whole ‘black’ economy. wealth and minimise provincial duction in individual income taxes. Let’s look at a typical example. A taxes. Our solution to that was sim- More particularly, we exempted the Broken promises person sells his home in any posh ple. We reduced the federal ad- IFTEKHAR A KHAN PML-N beleaguered government. menial jobs. As if suffering from ab- first Rs100,000 per month in income area of any large city. A two-kanal or vanced income tax to only one The TLP had demanded the resigna- ject poverty was not enough for them from taxes completely and for the 1000 square yards home here, built percent and asked the provinces to fter Tehreek-e-Labbaik tion of the then law minister, which to live with, we add more miseries to next Rs100,000 income we kept the say in 1980, is probably worth Rs12 reduce provincial taxes also to only Pakistan staged a success- was handed in to satisfy the dharna their lives. tax rate at only five percent. Beyond crore. And yet it is probably regis- one percent. And we knew that any ful show and managed to leaders. Thereafter, there was no While ruminating about the Aasia that, we kept the tax rate of ten per- tered for no more than Rs50 lakhs. province that did not comply with sigAn an agreement of its choice with looking back for the TLP and, with Bibi case and the lockdown of the cent increasing to 15 percent only Typically neither will a buyer have our request would see a huge decline the government, it seems the party time, the party gained more confi- country that followed, one wonders: added more feathers to its political dence and developed political power. why would any member of a down- for monthly incomes above Rs12 crore in ‘white’ or declared in property registration and loss of standing in the country. It also dented the vote-bank of the trodden community, whose daily oc- Rs400,000. wealth nor would a seller want the revenue. So we were sure the Even the educated middle class, Right during the last election. How- cupation is to keep body and soul The PTI government not only im- registered price to be Rs12 crore as provinces would follow our lead. which remained isolated spectators ever, there is a marked difference be- together, pass blasphemous re- posed Rs90 billion of new indirect s/he would then have to pay seven This provision of the federal gov- to the TLP show that brought na- tween the dharna staged in marks?. taxes but also hiked the individual percent in provincial taxes and also ernment being able to buy the prop- tional life to a standstill for three November last year at Faizabad Even though the prime minister tax rate to 29 percent and increased about three percent in advance in- erty is now the law of the land. And days, thinks the party has become a chowk and the one staged recently. made a daring speech on October 31, the number of tax brackets as well, come tax and other ‘whitening’ yet, even after four months of the force to reckon with. Whatever hap- The Faizabad dharna was a continu- it resulted in naught, as it wasn’t fol- thus again adding complexity and charges to the FBR. So they both opt law going into effect, the federal pened in the aftermath of the Aasia ation of the dharna season pioneered lowed up by action. Even his former Bibi verdict, it only disparaged the by Allama Tahirul Qadri and the PTI spouse Jemima Goldsmith berated burden back to the system. The re- to keep the registered price at say government hasn’t implemented this sanctity of the highest legal body in leadership. Recall the fiery speeches him for succumbing to protesters’ lief given by the PML-N to our mid- Rs1 crore or so, and pay provincial law. This is a shame. The PML-N the land. and name-calling of political oppo- pressure. “Not the Naya Pakistan dle-class and salaried people has and federal taxes of about Rs10 had already taken a huge step to- Most of the participants of the nents by the dharna leaders at the we’d hoped for. 3 days after a defi- thus been taken back. lakhs. The buyer will typically send wards increasing the tax net, going protest seemed to have an acute time. According to wide public per- ant & brave speech defending the ju- I now want to talk about the sec- out Rs1 crore, the official price, for more direct taxes, and most im- sense of deprivation. It is but natural ception, the Faizabad dharna en- diciary, Pakistan’s gov caves in to ond step we took – a step not much abroad through a hawala and get an portantly, unleashing the enormous for them to carry a grouse for getting joyed powerful support. But the extremist demands to bar #AsiaBibi understood – that I think is the most official remittance back whitening capital stuck in unproductive land neither their due share in the exist- recent dharna was a different story. from leaving Pak, after she was ac- fundamental tax reform ever under- his/her money to pay the official ownership. This will bring much ing job market nor recognition in so- In this, TLP leaders employed inde- quitted of blasphemy- effectively ciety. Poverty, anger and illiteracy cent language against the heads of signing her death warrant”, she taken in Pakistan. This reform was amount. For the unofficial Rs11 wealth into the documented, produc- imbued with blind religiosity pro- institutions. Religious minorities in tweeted. the doing away with the so-called crore he will pay from the benami tive economy and create further em- duce a dangerous mix. Pliable as our society are persecuted in every Weren’t we promised Naya Pak- ‘DC rate’ and ‘FBR rate’ – that is, account of, say his maali, to the be- ployment, income and taxes. these crowds are, deft hands exploit conceivable manner. They are mar- istan would be more vibrant, open- minimum rates dictated by the nami account of some thela-wala op- All the government now has to do them to promote their own agenda. ginalised, socially ostracised, and minded and tolerant? Why should provincial and federal governments erated by the seller. is to implement this new law. I hope The TLP leadership was emboldened forced to live on the fringes. Many, the large silent majority that goes respectively for registration of prop- (These days, of course there is for our country’s sake that they soon after its 21-day dharna in November especially among the Christian com- about its daily routine suffer at the erty. Henceforth, we announced that welcome accountability of the peo- start to do so. last year at Faizabad, held against munity, earn their living by doing hands of a few in Naya Pakistan? Letters to the Editor promised that with its long-term solutions, the dependent on loans or bailouts. The sad state area is already in need of a bigger police reading the Quran and following the No source of income party will achieve remarkable results. One of the of our economy is partly due to extravagant station. The authorities can construct a teachings of the Prophet (pbuh), we can main promises made during the election cam- spending of our past rulers for the last 70 new and bigger police station at some honour the Prophet. The authorities concerned in Karachi have re- paigns was that the PTI promised to improve years. While it is true that begging for other location. Khawaja Burhan cently started an abrupt anti-encroachment trade performance. However, so far, the party money does not garner any respect for Pak- Syed Hussein El-Edroos drive. This drive seems a bit unfair and unrea- hasn’t been able to achieve the desired results. istan, we need to realise that we have to put ISLAMABAD Karachi sonable as, during the process, many lost their Taking loans from friendly countries and ap- our house in order and strengthen our econ- only source of earning. The government carried proaching the IMF were short-term plans that omy. Politicians from all parties must accept out the operation without taking measures of were doing no good for the country’s economy. the fact that the country is dependent on for- Violent protesters A minefield of scams providing alternate settlements and compensa- The PTI maintained that it will never ask for eign aid and loans. If we want to make Pak- tion for the people who have lost their well-set- loan and will strengthen the country’s domestic istan a developed country, we must work After the Supreme Court set free Aasia While a lot of people are comfortable tled businesses. The operation is successful but industries. However, ever since the party has together to create a strong economy and be Bibi who was sentenced to death on a with shopping for products online, there are looks inequitable. Over 1,500 people who run come into power, it is visiting foreign countries in a position where we can stand tall among blasphemy charge, we see religious fanat- still a number of scammers who are using ics who came out to campaign violently their small outdoor shops and stalls lived hand in the hope of getting a bailout package. world nations. the internet to rob people of their hard- across the country against the decision. to mouth. Now, they have lost their source of in- Junaid Rehman Joyo Raja Shafaatullah earned money. These scammers put the ad- come. These people had been paying rent to the DADU ISLAMABAD These self-proclaimed “guardians of the Karachi Metropolitan Corporation (KMC) for Prophet’s (pbuh) honour” wreaked havoc vertisements of their products on social many years. Both the federal and provincial ***** in the country and caused damage to pub- media platforms with sophisticated designs governments should take some practical meas- The traffic flow lic property. It is time the authorities con- and layout to attract buyers. ures to rehabilitate the affected people and com- When politicians are not in the govern- cerned made it clear that no one has the After taking a order and asking buyers to pensate them. ment, they are quick to criticise the party in The Islamabad Highway at Khanna Pul right to take the law in their hands. make advance payment, the stores disap- Sadam Hussain Channa power for everything which is wrong in the has been widened with the construction What justification can these violent pear. What is even more troubling is the fact of a new bridge. This has helped main- protesters give for damaging both public SHIKARPUR country. Almost every government has bor- that there is no platform where people can rowed money from a foreign country. There- tained the smooth flow of the traffic. and private property? People who got However, due to a wagon stand in front charged up after the decision should re- complain about such scammers. The au- fore, it is unfair of the politicians who were thorities concerned must take strict action To borrow or not once in power to start criticising the ruling of the Khanna police station, the traffic flect upon their actions. They should re- party just because it has decided to borrow on the road still gets choked. To over- alise that their actions were not in line against people who are involved in such The newly elected PTI government was sup- money. These politicians fail to realise that come this problem, the authorities con- with the Prophet’s (pbuh) teachings. Our dishonest activities. posed to be the government which would over- Pakistan is a developing country and totally cerned should consider relocating the Prophet (pbuh) never encouraged anyone Syed Tariq Nawaz come the crises. Before the elections, the party police station to some other place. The to damage people’s property. Only by MARDAN The Business | NATIOFNridayA, NoveLmber 160, 28018 Quick Read Forest Dept to seek Suparco help for Commissioner GIS-based map MULTAN: The Forest depart- kicks-off plantation ment Multan has requested Punjab high-ups to get help from Pakistan Space and Upper Atmosphere Re- campaign at UoS search Commission (Suparco) for By Atif Ishaq Geographic Information System (GIS) based map of green core of SAHIWAL: Commissioner kicks off Multan division to properly monitor plantation campaign from educational in- and execute green Pakistan drive in stitute University of Sahiwal (UoS). its domain and achieve objectives. On this occasion he said that the aim is Forest Conservator Multan Ishtiaq to provide relief to the common citizens Ali Pervaiz told APP that Commis- from the pollution which we every one liv- sioner Imran Sikandar Baloch, in a ing in. He said that our main focus is to meeting few days back, had directed keep the city pollution free. him to prepare GIS-based map of He said as part of the campaign, the vol- green core of Multan division fol- unteers will also contribute to beautify the lowing which he had sent a letter to city by their input. Volunteers will also ed- chief forest conservator (M&E) Pun- ucate and inform the common public about jab with the request to seek help environmental and ecological harms of lit- from Suparco for the purpose. tering. He said government believes in pro- He added that GIS laboratory of the visions of facilities to citizens of Sahiwal forest department was working under without any discrimination. the control of chief forest conservator He said the efforts were being made to (M&E) and that the department al- make the city more green. He said maxi- ways seek assistance from Suparco mum plantation is basic requirement to whenever they need forests' images to overcome environmental degradation. execute plans in pursuit of their ob- While talking to this correspondent Com- jectives of expanding forest area. missioner said increasing environment pol- He said that green core of Multan lution and climate change were posing great means forest area in Multan division threat to human and animal lives and the and the greenery developed by pri- only way out to avoid this danger is to plant vate persons and departments in maximum trees in Sahiwal city. urban settled areas and suburbs. He said citizens would be encouraged to He said that the GIS based map plant trees in educational institutions, KARACHI: Fishermen on strike against the dipsy policy of Karachi as boats stand-off. would help them properly monitor homes, factories, working places and office the green Pakistan activities, safe- premises which would be helpful to con- guarding forests and improve them trol environment pollution. further. It may be noted that the de- partment has got 34 acre land va- cated from land grabbers and planted 171,648 saplings during 100 days President for inclusion of sign and the process of planting more saplings was in progress and their record being maintained properly. The saplings planted were being given proper care for their growth, language in news bulletins Ishtiaq said. —APP ISLAMABAD: President Dr Arif cussion with the ‘people with special of the Library and appreciated this ef- 11 signal on Kashmir Highway said the Alvi Thursday said he would recom- needs’ who were visiting the library. fort to preserve the history. President broken dividers are causing accidents, He said that the purpose of the campaign mend the inclusion of sign language He appreciated the administration of Alvi also inaugurated the ‘Presidential as a majority of pedestrians prefer Crackdown against is to encourage people, communities, or- in the news bulletins and TV pro- National Library for establishing coun- Corner’ in the Library. using these dividers to cross the roads ganisations, business and industry, civil so- grams for the benefit of the people ters and dedicated computers with Broken road divider along instead of using a proper passage. An- illegal slaughter ciety and the government to collectively with hearing disability. other facilities for such people. Kashmir Highway open other road user Arsalan said plight of houses, cattle sheds plant trees and increase forest cover and He expressed these views during his The president asked the minister for invitation to fatal accidents the commuter’s increases several times, take care of city to keep it clean. visit to the National Library of Pak- federal education, professional training Residents of federal capital Thurs- especially at night, as the glare of the HYDERABAD: The meat section The focus would be to plant the species istan along with First Lady Samina and national heritage to ensure the pro- day demanded maintenance of broken vehicles coming from the opposite di- of Hyderabad Municipal Corpora- that best suit the area and weather condi- Alvi, a press release issued by the vision of high standard of facilities to road dividers with radium reflector rection is a big distraction for drivers. tion (HMC) has launched a massive President Media Office here said. special people. along Kashmir high way as it was giv- The Islamabad Traffic Police tions. It merits a mention that the monitor- crackdown against illegal slaughter Minister for Federal Education, Pro- He also visited different corners es- ing an open invitation to mishaps. spokesman said dividers have report- ing of plants is equally important. houses and cattle sheds in the city. fessional Training and National Her- tablished under MoUs with the li- Broken dividers can be easily seen edly been broken by some city resi- According to announcement here Also, there is a need to sensitise the itage Shafqat Mahmood welcomed the braries of the other countries including at different places near Sector G-10 dents or mostly by the slum area youth and other members of society about on Thursday, the crackdown was president on his arrival. The president Tajikistan, Turkey, Belarus, Azerbai- signal, PSO petrol pump along Kash- people for their convenience, ignoring launched by HMC meat section fol- the importance of trees in maintaining visited various sections of the Library. jan, USA, Cuba and Bulgaria. mir Highway that has made extremely the fact that these may cause fatal clean environment. The tree plantation is lowing directives of the Mayor Hy- During his round of the section for The president also witnessed the difficult for two and four-wheelers to mishaps. He said a number of com- derabad, Tayyab Hussain and necessary to counter the negative impacts the people with special needs “Gosha- digitalization of rare and historic books drive, especially during night hours. plains had been received regarding of climate change. Municipal Commissioner Nasarul- e-Noor”, the president had brief dis- and newspapers in the archive Section A commuter standing near Sector G- broken road dividers. —APP lah Abbasi who received orders from the Chairman Water Commission of the Supreme Court. Action to check The Incharge HMC Meat Section water theft from Shahid Qureshi along with staff CPEC to improve Rs226.230m under members conducted raids in differ- Abbasia Canal ent parts of Hyderabad including Faqir jo Pir, Paretabad, Noorani socio-economic condition, BAHAWALPUR: A high-level PSDP for food Basti, and Noor Mehal Cinema meeting on Thursday held here to where he unearthed the illegal launch action against those in- slaughter houses and cattle sheds. says Kanwal Shauzab volved in water theft from Abba- security, research Besides, the HMC Meat Section ISLAMABAD: Parliamentary Secretary prosperity in the region. sia Link Canal by creating ISLAMABAD: The government Under PSDP 21018-19, an amount also seized 380 kilograms of sub- for Planning, Development and Reforms She said that CPEC has enhanced the breaches in it and all the illegal has so far released an amount of of 7.289 million was released for the standard meat from slaughter houses waterways from Uch Sharif to Kanwal Shauzab here on Thursday said economic and trade connectivity between Rs226.230 million for different devel- establishment of animal quarantine which later disposed of. They also is- Qasimwala Bangla. opment projects of Ministry of National station, Gwadar as against the alloca- sued notices to owners of over 50 cat- that China Pakistan Economic Corridor region countries for improving competi- Divisional Commissioner Nay- Food Security and Research under its tion of Rs36.446 million, where as tle sheds to shift their illegal set up to (CPEC) would uplift the socio-economic tiveness and also progressed in global yar Iqbal chaired a meeting at his condition of the country by providing value chain. Public Sector Development Pro- Rs3.691 million for commercialization Cattle Colony of Hyderabad Tando office in Bahawalpur and dis- gramme (PSDP) 2018-19 against the of soyabean crop on pilot scale in Pak- global connectivity and regional integra- While highlighting the CPEC benefits, cussed the ways to ensure water Muhammad Khan road or face strict total allocation of Rs1,143.73 million. istan as the government had earmarked action in case of failure. —APP tion. she said that after the completion of CPEC, flow in the canal. In order to promote the agriculture an amount of Rs18.454 million. The CPEC consist of long term compre- local people would get better living stan- It was decided that action and livestock sectors in tribal areas of The Planning Commission was re- hensive framework resulting in significant dard and also reduce the disparities in re- would be taken against water the country, the government in its fed- leasing the fund for the development Dunyapur economic growth through improved con- mote regions of the country. thieves and derelict employees of eral PSDP had allocated an amount of projects with a mechanism as per fol- nectivity, market integration and increased Kanwal said that in recent visit of Prime the irrigation department. Rs254.743 million for the up-gradation lowing quarterly ceilings including first accident's victim local exports, she said while addressing as Minister Imran Khan to China both of the Deputy Commissioner Rahim of Arid Zone Research Institute quarter by July– September 20 percent, chief guest in a conference on “ CPEC Ca- countries have signed 15 bilateral Memo- Yar Khan Jameel Ahmad Jameel, (AZRI) to the level of AZRC and es- second quarter October – December, 20 admitted to BVH reer Summit 2018, organized by Air Uni- randums of Understanding (MoU) and District Police Officer Ba- tablishment of new adaptive Rest Cum percent and third quarter January– versity in the University auditorium. agreement for enhancing cooperation in hawalpur Ameer Taimoor, MPAs Demonstration Institute at Seakach, March by 30 percent and 30 percent in BAHAWALPUR: A man who She said that the incumbent government different sectors including investment, in- Mumtaz Ali, Arshad Javed and of- Wana, South Waziristan, Miranshah, last quarter from April –June. was medically in coma condition for had expanded the scope of CPEC, through frastructure and industrial cooperation be- ficials of the irrigation department North Waziristan tribal agencies 1 dead as speeding truck rams into last one week after he was hit by a speedy motorcycle in Dunyapur had increasing industrial and trade cooperation tween two countries. attended the meeting. (FATA) Tank and Matora, Lakki Mar- oil tanker at Sheikhupura toll plaza been brought to Bahawalpur and ad- through market excess and cooperation, Now both the countries have focused on The meeting was told that thou- wat and had released Rs50 million. A stationary oil tanker erupted in sands of acres land was dependent mitted to Bahawal Victoria Hospital. modern agriculture technology and inno- Industrial and agriculture cooperation for Under PSDP, Rs 60 million were re- flames, killing one person after a on Abbasia Link Canal for irriga- leased for the promotion of olive cul- speeding truck rammed into it The sources at Bahawal Victoria vation to get benefit from China’s experi- enhancing industrial growth and produc- tion, but unavailability of water Hospital (BVH) said that an injured ence. tivity in agriculture sector of the country. tivation on commercial basis across Wednesday night, near the Mandiali had turned the fertile land into the potential areas of the country to re- Toll Plaza on the city's outskirts, secu- who was medically in coma condi- Kanwal said that CPEC provided huge She said that now both the friendly coun- arid and barren tracts. tion for last one week was brought opportunities to a common platform and tries were exploring the new avenues to duce the burden of oil imports in the rity and rescue authorities said. The Commissioner said that foreign exchange as against the total According to private news channel, to BVH and admitted to ICU. connectivity to the market of three billion strengthen cooperation in vocational and elimination of illegal breaches and allocation of Rs300 million of the cur- the oil tanker, which had stopped at the The victim received injuries in his people living in South and Central Asia in- technical education. water theft was inevitable to en- rent financial year. toll plaza to pay the toll tax, immedi- head and went into coma condition cluding Middle East and African Region. On the occasion, Paksitan Tehreek-e- sure availability of water to the The government has released Rs20 ately burst into a raging fire on impact, after a speedy motorcycle hit him in She said that CPEC would have a consid- Insaf leader and Senator Nauman Wazir land situated at the tail end. million each for risk-based control of rescue officials said. his native area of Duniapur. erable impact on employment opportunities Khattak, said Pakistan needed to work on He directed the concerned offi- foot and mouth disease in Pakistan as The blaze was so intense, it spread The victim identified as Akbar and enhance the industrial growth for the innovation and modern technology to com- cers to compile the record of wa- well as strengthening and up-grada- from the heavy duty vehicle to the Shah was resident of Chak-14/M. socio- economic uplift of the country. pete the global market. terways being constructed on tion of agriculture and livestock re- truck as well as three cabins of the toll His wife, Hafiza Bibi told the doc- The Parliamentary Secretary said He stressed the need for enhancing the Abbasia Link Canal and identify search system of Arid Zone Research booth. Oil tanker and truck driver leapt tors that her husband was in coma through the prudent economic policies of academia and industrial linkage to conduct the illegal waterways. He said that Institute, Umerkot respectively from their respective vehicles to save condition for last one week. Ear- the government new trade and investment research with local industries to create strict legal action to be taken against the allocation of Rs100 mil- themselves while employees at the toll lier, he was admitted to a local hos- by financial flow would bring peace and local baseness model for development in against people. —APP lion for these projects. plaza ran from their cabins. —APP pital in Dunyapur. —APP 20 criminals held, huge caches of arms drugs seized ABBOTTABAD: The district police, in hashish, 2722 gram heroin, 795 bottles of village and fled from the scene. The body was ‘Role of technology in a drive against criminals and drug peddlers, liquors, two AK-47, 10 rifles, 63 guns, 73 pis- handed over to the family after postmortem. apprehended 20 criminals while recovering tols and 1001 bullets besides verifying creden- On report of the deceased's uncle, Khan huge caches of arms and drugs during the tials of 54,667 persons through CRVS system. Zaman, police have registered a case. development undeniable’ month of October. Man shot dead Police arrest 12 gamblers QUETTA: Chief Secretary Addressing on the occasion, and organised free medical camps District Police Officer Abbas Majid Khan A young man was shot dead in Musakhel po- The police conducted raids at dens in differ- Balochistan Dr Akhtar Nazeer said Vice Chancellor of BUITEMS regarding diabetes. Marwat reviewing the monthly performance lice precincts on Thursday. Police sources said ent areas and arrested 12 gamblers red handed. it is impossible to match the rapid Ahmed Farooq Bazai said that The students also presented of the district police directed all DSPs and that Malik Jahan Khan of Musakhel had suspi- Cases have been lodged against the suspects. socio-economic growth without BUITEMS is striving hard to pro- stage plays highlighting the disad- SHOs to keep an eye on criminal elements cions that a young man Muhammad Zubair had Official sources said that acting on a tip-off, the use of technology, hasty duce social and economic im- vantages of sedentary lifestyle, who get bail from the courts and resolve local illicit relation with his niece 'T'. On the day of two police teams conducted raids at dens in changes in the world have made provement in the province for this consumption of fast food and issues at local level. The meeting was informed the incident, he along with his son Arshad Bahawalupr city and Ahmedpur Sharqia town future unpredictable. cause faculty members of the insti- other kind of unhealthy food. that in the month of October 74218 gram shot him dead in Noor Ahmad Khelanwala and arrested 12 gamblers. —APP He expressed these views while tute are depositing their energies. Vice Chancellor Dr Ishtiaq addressing the closing ceremony He said that Ice cube will help in Ahmad inaugurated the stalls set of second International Confer- achieving goals in modern technol- up at the main campus by the Sar- ence on Computing, Electronic ogy. godha Medical College in collab- and Electrical Engineering at During the two days conference oration with various Balochistan University of infor- thirteen experts from USA, China, pharmaceutical companies for rais- mation technology engineering Malaysia, Iran and Pakistan ex- ing awareness about diabetes and and management sciences Quetta. pressed their views In addition to conducting free medical tests for He said that role of technology in this 51 research papers were also examining blood glucose, HbA1c, development is undeniable confer- presented by researchers on com- body mass index, blood pressure ences like Ice Cube can produce pos- puting, electronic and electrical and cholesterol level. A seminar at itive change in province and country. engineering. the Institute of Food and Nutrition He said that without objectivity it is UoS holds free medical Sciences was also held during hard to achieve development goals camps about diabetes which medical experts, faculty and universities have to their part in The University of Sargodha members and students gave pre- Vehari: Irfan Ali Kathia, Deputy Commissioner Vehari presides over meeting regarding disabled persons. promoting objective thinking. (UoS) Thursday held a seminar sentations about causes, symptoms The Business | WORLD STOCKS/COMMODIFTridayI, NEovemSber 160, 29018 Quick Read Brexit turmoil hammers pound LONDON: The pound plunged against both Britain's Work and Pensions Secretary Es- US$1.2839 and 1.3 per cent against the euro short-dated volatility indicators edged lower. BoE rate hike in the euro and the dollar on Thursday (Nov 15) ther McVey and junior Brexit minister Suella to 88.23 pence. That uncertainty was also reflected in the after British Brexit minister Dominic Raab re- Braverman became the third and fourth min- Against the Singapore dollar, the pound fell money markets where investors have all but 2019 now unlikely, signed in protest at Prime Minister Theresa isters to resign over the deal. to as low as £1 to S$1.7581 on Thursday and priced out a rate hike by the Bank of England May's draft deal for leaving the European "The deal you put before the cabinet yester- was last trading down 1.82 per cent at next year. Union. day does not honour the result of the referen- S$1.7591. Bond yields fell across the board with those money markets Raab said May's plan threatened the in- dum," McVey told May in her resignation "Raab resigning just now changes the ball- on benchmark two-year British government tegrity of the United Kingdom and he could letter, saying the text made too many conces- game. Hard to be optimistic on GBP in the debt falling 9 basis points to 0.7 per cent. suggest not support an indefinite backstop arrange- sions to the European Union and "threatens the short term," Nomura analyst Jordan Rochester Big moves this week have boosted volatility LONDON: Money markets no longer ment where the EU held a veto over Britain's integrity of the United Kingdom". said. "But equally Theresa May has survived in the British currency with realised price expect the Bank of England to hike interest ability to exit the bloc. Braverman, in her letter to May, said that much worse. It’s whether we get a flood of swings this week alone averaging about 12 per rates in 2019, as investors slashed their bets His resignation fuelled a selloff in the "concessions" made to Brussels in the frame- (ministerial) resignations to follow." cent annualised on a daily basis, twice that of on monetary tightening after Dominic British currency which was already struggling work deal "do not respect the will of the peo- Those concerns were reflected in the foreign end-October. Raab resigned on Thursday as Britain’s to gain traction after May said on Wednesday ple". exchange derivatives markets where three and The sterling was also hit by news that offi- Brexit minister. she had won over her divided cabinet follow- In volatile trading, the British currency six-month gauges of expected volatility in the cial retial sales slid by 0.5 per cent in October, Investors now price in a 25 basis point ing a five-hour meeting. plunged one per cent against the US dollar to British currency remained firm while extreme compared to September. —AFP rate hike from the BoE in 2020, having priced out such a move for next year . Money markets had previously priced in one hike – from current levels of 0.75 per- World needs cent – before December 2019. Raab re- signed on Thursday in protest at Prime more US wheat, Minister Theresa May’s Brexit deal, throw- say traders ing her government into political turmoil. China sends written response to The re-pricing in money markets came as GENEVA: The global grain sterling fell sharply and British government market needs more U.S. wheat bond yields tumbled. —Reuters to make up for tightening sup- trade reform demands: US ply in other major exporting WASHINGTON: China has deliv- demands for change. Chinese Commerce Ministry deteriorate as the United States accused zones, but China will be able to ered a written response to US demands While two industry sources familiar spokesman Gao Feng, asked on Thurs- China of interfering in US domestic pol- keep shunning U.S. soybeans Hong Kong, for wide-ranging trade reforms, three with the contents of the response said it day about the Chinese response, said itics and seeking to undermine Trump. in its trade tussle with Wash- US government sources said on was largely a restatement of previous that "high-level" contact had resumed US Vice President Mike Pence said ington, grain merchants said on Shanghai stocks Wednesday, a move that could trigger Chinese commitments, it was seen as a since Trump and Xi spoke by phone. on Tuesday that Beijing needed to Wednesday. more formal negotiations to resolve a necessary starting point for continued "Working teams are maintaining close change its behavior to avoid a new cold U.S. soybean shipments to withering trade war between the world's negotiations. contact to earnestly implement the con- war with the United States. China have dried up in recent close sharply top economies. The two sides have been far apart dur- sensus reached by the two leaders by China must offer concessions on in- months after Beijing raised tar- US President Donald Trump has im- ing their months-long tariff dispute. telephone," he told a regular weekly tellectual property theft, forced technol- iffs on the most valuable U.S. higher posed tariffs on US$250 billion of Chi- One of the sources briefed on China's briefing. ogy transfer, restricted access to Chinese agricultural export to the coun- HONG KONG: Hong Kong stocks nese imports to force concessions from response said it reiterated pledges Xi has The tariff rate on US$200 billion in markets and respect for international try. rallied with Shanghai Thursday on hopes Beijing on the list of demands that made in recent speeches, and demanded Chinese goods is set to increase to 25 rules and norms, among other issues, he After sweeping up as much China and the US can ease trade tensions, would change the terms of trade be- that the United States lift tariffs, includ- per cent from 10 per cent on Jan 1. said. of Brazil’s last soybean crop as while market heavyweight Tencent tween the two countries. China has re- ing those set by the Section 232 investi- Trump has also threatened to impose tar- Responding to Pence's remarks, Chi- possible, an early start to the surged on the back of better-than-ex- sponded with import tariffs on US gation into steel and aluminium imports. iffs on all remaining Chinese imports, nese Foreign Ministry spokeswoman South American country’s next pected earnings. goods. "They are not close to a favourable about US$267 billion worth, if Beijing Hua Chunying said China had always harvest should allow China to The Hang Seng Index jumped 1.75 per- Trump is expected to meet Chinese deal on trade. Not in the same universe," fails to address US demands. been a "model student" when it came to continue avoiding U.S. sup- cent, or 448.91 points, to close at President Xi Jinping on the sidelines of the Washington-based source said. Future trade talks could hinge on respecting international rules and norms. plies for now, traders told the 26,103.34. a G20 summit in Argentina at the end of A US team led by Treasury Under whether or not tariffs rise on Jan 1. "China respects US sovereignty, se- Global Grain conference in The benchmark Shanghai Composite November and in early December. Secretary David Malpass discussed One scenario suggested by analysts is curity, and development interests," she Geneva. Index closed 1.36 percent, or 35.93 points, The US president has repeatedly trade issues with a Chinese team via that Trump and Xi could agree to a told a daily news briefing in Beijing. “I think they (China) will higher to 2,668.17, while the Shenzhen railed against Beijing over intellectual videoconference on Tuesday, a US ceasefire in Argentina that would pre- "The US side should also respect find a way around that issue Composite Index, which tracks stocks on property theft, industrial subsidies, Treasury spokesperson said on Wednes- vent further tariffs from taking effect China's sovereignty, security, and devel- because the supply gap is def- China’s second exchange, added 1.45 per- Chinese entry barriers to American day. The United States had said it would while negotiations continued. opment interests, and respect the devel- initely narrowing,” Gary cent, or 20.04 points, to 1,398.40. —AFP businesses and the US trade deficit not start formal negotiations on trade US-China Business Council President opment path chosen by the Chinese McGuigan, president, global with China. until it saw concrete proposals from Craig Allen told Reuters last week that people in line with its own national con- trade at Archer Daniels Mid- Three US government sources told China to address its concerns. he thought it was likely China would ditions." In comments made before the land said. Reuters on Wednesday that China had Earlier this month, after a phone con- withdraw from any process set at the Chinese response, Wu Baiyi, the direc- Customers in China he had Brexit turmoil sent a response to US demands on versation with Xi, Trump said he G20 if the Trump administration went tor of the Institute of American Studies spoken to recently were using those and other issues, but gave no fur- thought the United States would make a forward with raising the tariff rate. at the state-run Chinese Academy of So- different supply strategies but ther details on its contents. It was un- deal with China on trade but stood ready The two countries resumed talks after cial Sciences, said that a Jan 1 tariff in- he said none mentioned buying boosts demand clear if the response contained to levy more tariffs on Chinese goods if the call between the two leaders, ending crease would imperil efforts to reverse U.S. soybeans. concessions that would satisfy Trump's no progress is made. a three month hiatus that saw relations trade tensions. —Reuters With the start of the Brazil- for safe-haven ian harvest less than a month away, there was little threat to German bonds supply there, Adrian Isman, global head of grains at Louis LONDON: Top-rated German govern- Indonesia surprises Dreyfus Company, said. But he ment bond yields tumbled to over two- added there was more weather week lows on Thursday after British Brexit with rate hike after uncertainty in Argentina where Secretary Dominic Raab resigned, thrust- the harvest cycle is later. ing Prime Minister Theresa May’s govern- The chief executives of ment into turmoil after she clinched a weak trade data ADM and Bunge, another Brexit deal. JAKARTA: Indonesia hiked interest rates again on Thurs- global grain merchant, have Sterling fell 1.5 percent against the dol- day as weak trade data and a slumping currency prompted the both suggested China may not lar and 10-year British gilt yields dropped central bank to boost borrowing costs for the sixth time this need to buy U.S. soybeans to over 13 basis points in their biggest one- year. fill the gap until the next day fall since August 2016, sending after- Bank Indonesia surprised analysts as it raised the key lend- Brazilian crop. shocks across European markets. ing rate by 25 basis points to 6.0 percent, its latest policy move A meeting between U.S. Yields on higher-rated bonds in the euro as the country tries to shield the slumping rupiah. President Donald Trump and area were down 4 to 5 basis points, led by Earlier on Thursday, Indonesia reported a worse-than-ex- Chinese counterpart Xi Jinping euro zone benchmark bond issuer Ger- pected US$1.8 billion October trade deficit, putting pressure scheduled at a gathering of the many. on the country's current account. G20 group of economies in The 10-year yield on German bonds, "This decision marks the central bank's further measures to two weeks has raised hopes of regarded as some of the safest assets in strengthen efforts to reduce the current-account deficit to a a trade deal. However, traders the world, was down 4.5 basis points at safe level," bank governor Perry Warjiyo told reporters. at the conference said they 0.36 percent — its lowest in over two Indonesia has said it would slap higher taxes on imports and were cautious after seeing the weeks. delay or restructure import-dependent infrastructure projects market swings this year fol- “The reason we have a risk-off mood as part of a bid to tackle a growing deficit in the current ac- lowing some of Trump’s com- in the euro zone is driven by the UK,” count, a broad measure of its trade with the rest of the world. ments on Twitter. In contrast to said Rabobank rates strategist Lyn Gra- The rupiah slumped to levels last seen during the late-1990s the soybean market, in which ham-Taylor. “We’ve also seen wider Asian financial crisis, although it recovered some ground in the trade dispute has fueled bond spreads in the periphery, so this is recent weeks. negative price sentiment, most clearly a spillover from Brexit.” A weaker rupiah makes it more expensive to buy imported traders saw upside to wheat Borrowing costs in Spain, Italy and Por- goods or repay debts in other currencies. prices, given few alternatives tugal all faced upward pressure as investors Investors have been dumping emerging market currencies, to U.S. exports to cover de- stayed away from riskier assets after the including the rupiah, as rising US rates prompt them to flock mand in the second half of the developments in Britain injected fresh un- to dollar-denominated assets in search of better returns. 2018/19 season. “I definitely certainty into world markets. "Although the rupiah has rebounded a little against the dol- think there is going to be a European Union leaders will meet on lar in recent weeks, the recent widening of the current account milling wheat squeeze in the Nov. 25 to endorse the divorce deal. May deficit and the continued surge in imports clearly appears to first half of 2019,” ADM’s now faces the much more perilous struggle have unnerved the central bank," Alex Holmes, economist at McGuigan said. Oil prices of getting parliament to approve the agree- research house Capital Economics, said in a report. plummet on fears of weak ment. “The Brexit deal is dead in the "If the rupiah's slide against the US dollar resumes, then we global demand “The U.S. is water with the resignation of Brexit min- doubt today's hike will be the last in the current cycle," he probably going to be the (key) ister Dominic Raab, and this could be the added. supplier but to get wheat out of end of the road for May,” said Naeem Indonesia's growth slowed slightly in the third quarter as the U.S. with the carry system Aslam, chief market analyst at Think the weak currency and tepid household spending dragged on there you’re going to have to Markets UK. —Reuters Southeast Asia's biggest economy. —AFP BEIJING: An aerial view of a port in Qingdao, east China’s Shandong province. pay up.” —AFP

US yields rise on Wall Street Oil prices stabilise, but supply glut concerns weigh on sentiment gains, Brexit optimism SINGAPORE: prices stabilized on U.S. bank Morgan Stanley said in a At the same time, supply has been NEW YORK: US benchmark 10- prices lifted energy stocks. from 3.145 percent late on Tuesday. Thursday, reversing earlier declines, but note on Wednesday that China’s eco- surging, especially due to a 22 percent year Treasury yields rallied from two- “To me, it’s equities turning higher as Ten-year yields earlier fell to a two- market sentiment remained cautious nomic “conditions deteriorated materi- rise in U.S. crude oil production this year to a record 11.6 gains on Wall Street and continued op- that are giving some room for Treasury US 30-year yields climbed to 3.385 emerge amid a glum economic outlook. analysts at Capital Economics said million barrels per day (bpd). timism about Britain’s exit from the Eu- yields to rise,” said Subadra Rajappa, percent compared with Tuesday’s 3.367 Front-month Brent crude oil futures China’s “near-term economic outlook “Producers…have more barrels than ropean Union. head of US rates strategy at Societe percent. were trading at $66.17 per barrel at still remains downbeat.” they can sell at the moment,” said Mer- Yields on other maturities also rose, Generale in New York. On the short end of the curve, US 0737 GMT, up 5 cents from catus Energy Advisors’ Corley. with a little help from in-line US core A draft Bexit deal was struck on two-year yields were at 2.895 percent, their last close. As a result, oil inventories are inflation data for October. That should Tuesday after months of negotiations unchanged from Tuesday. U.S. West Texas Interme- rising. The American Petroleum keep the Federal Reserve firmly on with the EU, but British Prime Minister Yields also got a modest boost from diate (WTI) crude futures Institute said late on Wednesday track to raise interest rates next month Theresa May must get the agreement data showing the US consumer price were at $56.29 a barrel, up 4 that crude inventories rose by 8.8 and a few more times in 2019. approved by parliament before leaving index increased by 0.3 percent last cents from their last settle- million barrels in the week to On Wednesday, US stocks traded the bloc on March 29, 2019. month after edging up 0.1 percent in ment. Nov. 9 to 440.7 million, compared higher, further moving away from Mon- In morning trading, benchmark 10- September. October’s rise was the most Traders said the bench- with analyst expectations for an day’s steep losses, as a rebound in oil year note yields rose to 3.154 percent, in nine months amid gains in the cost of marks reversed earlier losses increase of 3.2 million barrels. gasoline and rents. on signs China and the “With inventories likely to Excluding the volatile food and en- United States may be taking build in 1Q19, prices could re- ergy components, CPI climbed 0.2 per- steps to de-escalate their bit- main under pressure in the near cent. The so-called core CPI had gained ter trade dispute. term,” analysts at Bernstein En- 0.1 percent for two straight months. Despite this, oil prices ergy said in a note. Andrew Hunter, US economist at have lost around a quarter of Fearing a renewed glut like in Capital Economics in London, said the their value since early Octo- 2014, when prices crashed rebound in headline CPI was mostly ber as supply soars just as under the weight of oversupply, driven by a rise in gasoline prices, demand is expected to slow down along China is the world’s biggest oil im- the Organization of the Petroleum which will be more than reversed over with an economic downturn. porter and the second-largest crude con- Exporting Countries (OPEC) is dis- the next couple of months with the de- “Asian refiners and consumers we sumer. cussing supply cuts. cline in oil prices. “The rest of the re- speak with are mentioning initial con- Meanwhile, data released this week To do so successfully, OPEC – under port supports our view that underlying cerns of slowing demand,” said Mike showed economic contraction in indus- the de-facto leadership of Saudi Arabia inflation is unlikely to rise much further Corley, president of Mercatus Energy trial powerhouses Japan and Germany – will need Russia on its side, which is from here,” he added. —AFP Advisors. in the third quarter. not an OPEC member. —Reuters The Business | 10 SPOFrRiday,T NoveSmber 16, 2018 QQuuiicckk RReeaadd South Korea's 'Garlic Girls’ curlers slam coaches Pakistan New Zealand first Test starting in Abu Dhabi today • Pakistan look to Yasir, Abbas to tame ‘tough’ New Zealand ABU DHABI: Pakistan skipper Sarfraz Williamson admitted the threats from Ahmed is confident leg-spinner Yasir Shah Abbas and Yasir. "They both are outstanding and medium pacer Mohammad Abbas can bowlers and bowling well for a long time. combine to tame "tough" New Zealand in Abbas, ever since he entered international the first Test starting in Abu Dhabi Friday. cricket, is bowling superbly around the SEOUL: The "Garlic Girls" South Korean curling team The fast-rising Abbas took 17 wickets in a world," said Williamson. who became a media sensation with their unlikely run to the two-match Test series, including a ten- New Zealand are likely to hand a debut to Winter Olympics final detailed their coaches' alleged verbal wicket haul at Sheikh Zayed Stadium in Abu left-armer Ajaz Patel, who is set to partner abuse and intrusive control on Thursday. The five women Dhabi, as Pakistan beat Australia 1-0 last either off-spinner Will Somerville or leg- from a small rural town known for garlic farming were rank month. spinner Ish Sodhi. outsiders at the South's Pyeongchang Games in February, Abbas, who made his debut last year, has New Zealand also have a strong pace at- but ended up winning silver, their giant-killing feats along 59 wickets from his first 10 Tests and will tack with Trent Boult, Tim Southee, Neil the way earning them celebrity status. But last week they be backed by the spin duo of Yasir and Bilal Wagner and Matt Henry to chose from. went public with accusations against their coaches of verbal Asif. Sarfraz said he expects more from The second Test is in Dubai (November abuse and exploitation - a rare move in the South's close-knit Yasir, who managed just eight wickets 24-28) and the third, again in Abu Dhabi and hierarchical sporting system, where coaches are hugely against Australia. (December 3-7). powerful. "We have had a very difficult time, feeling help- "Yes, our bowling attack is good," said Teams (from): Pakistan: Sarfraz Ahmed less and desperate under repression, verbal abuse and unfair Sarfraz on Thursday. "Abbas has been bowl- (captain), Mohammad Hafeez, Imam-ul- treatment," team member Kim Seon-yeong told a press con- ing superbly while Yasir didn't look as great Haq, Azhar Ali, Haris Sohail, Asad Shafiq, ference Thursday with her four colleagues. The team accused as we had expected, but in this series, I ex- Babar Azam, Saad Ali, Yasir Shah, Bilal the coaches of trying to run Korean curling like a family fief- pect more from Yasir." Asif, Mohammad Abbas, Hassan Ali, dom: the husband of their head coach Kim Min-jung is for- Yasir has been a match winner on the neu- als," said Sarfraz of the preceding series. skipper Kane Williamson, who returns to the Shaheen Shah Afridi, Faheem Ashraf, mer national men's team coach Jang Ban-seok, while her tral venues of United Arab Emirates (UAE) Pakistan crushed New Zealand 3-0 in squad after missing the third one-day with a Mir Hamza father Kim Kyung-doo is a former vice president of the Ko- where Pakistan have been forced to play Twenty20s while their one-day series was groin strain, hopes his team adapt fast. New Zealand: Kane Williamson (cap- rean Curling Federation (KCF). The coaches berated the five since a terrorist attack on the Sri Lankan shared 1-1 after the third match ended in a "Obviously, coming into Pakistan's home tain), Tom Blundell, Trent Boult, Colin de for speaking to other athletes, fans or journalists at compe- team suspended international cricket back no result due to rain in Dubai. series there is a lot of work to do in terms of Grandhomme, Matt Henry, Tom Latham, titions, the team said in a statement, and censored all letters home. He took 15 wickets in the 1-1 series Pakistan will resist the temptation of play- the overseas sides adapting to the conditions Henry Nicholls, Ajaz Patel, Jeet Raval, Ish or gifts from fans. At the same time, the curlers had been draw against New Zealand in the UAE in ing the newest pace sensation, Shaheen Shah as best as they can," said Williamson. Sodhi, Will Somerville, Tim Southee, Ross pressured to sing the Kim family's praises during media in- 2014. But Pakistan have not beaten New Afridi, whose nine wickets earned him man- "I think it's important that we adapt with Taylor, Neil Wagner terviews, while the coaches arbitrarily decided which public Zealand in a Test series since 2011, and Sar- of-the-series in ODIs. this inexperienced side that we have come Umpires: Bruce Oxerford (AUS) and Ian events the women should attend. —AFP fraz is not taking them lightly. "New Zealand Abbas is likely to share the new ball with here with and look to learn as we can and do Gould (ENG) are a good side and gave us tough times both Hasan Ali with Yasir and Asif assisted by that quickly because we want to be playing Tv umpire: Paul Reiffel (AUS) Pakistan announce squad in the Twenty20s and one-day internation- Mohammad Hafeez in spin. New Zealand our best cricket under these conditions." Match referee: David Boon (AUS) for Hockey World Cup 2018 Cash awards to The Business Report WAPDA players De Villiers LAHORE: The Pakistan Hockey Federation has an- for medals nounced an 18-member squad for the World Cup, set to be held in India later this year. Mohammad Rizwan Senior will By Our Sports Reporter headlines new lead the side with Ammad Shakeel Butt as his deputy. The green shirts have lifted the title four times, more than any LAHORE: In order to en- other nation. The global showpiece event will feature hosts courage and honour its players SA T20 league India, Argentina, Australia, Belgium, Canada, England, Ger- who won medals for Pakistan many, Ireland, Malaysia, Netherlands, Spain, New Zealand while representing the country CAPE TOWN: AB de Villiers will headline South and Pakistan, and will be held in Bhubaneswar from No- in the 18th Asian Games and Africa’s first city-based Twenty20 league when he leads vember 28 to December 16. other international sports the Tshwane Spartans in the opening match of the Mzansi Pakistan squad for World Cup 2018: Imran Butt (goal- events afterwards in 2018, (South Africa) Super League against Cape Town Blitz on keeper), Mazhar Abbas (goalkeeper), M Irfan Senior , Aleem WAPDA Sports Board Friday. The month-long league will get under way barely Bilal, Mubashar Ali, M Tauseeq Arshad, Tasawwar Abbas, arranged a prize distribution a month after the official launch, without a title sponsor Rashid Mahmood, Ajaz Ahmed, Ammad Shakeel Butt (vice- ceremony at WAPDA House and with a relatively modest list of international players, captain), M Irfan Jr, M Rizwan Senior (captain), Ali Shan, on Thursday. WAPDA Chair- partly because some big-name players already had other Faisal Qadir, Abubakr Mahmood, Umar Bhutta, M Atiq Ar- man and WAPDA Sports commitments. Cricket South Africa (CSA) have budgeted shad and Mohammad Zubair Board Patron-in-Chief Lt Gen for a loss of 40 million rand (about $2.8 mn/2.45 mn Manager: Hassan Sardar Muzammil Hussain (Retd) euros) for the first edition of a tournament which was first Head Coach: Tauqeer Dar was the chief guest on the cer- mooted in 2017 before being abandoned in the absence of Coach: Rehan Butt and Danish Kaleem emony, who presented cash a television deal or main sponsor, leading to a loss of Video Analyst: Nadeem Lodhi Physiotherapist: Waqas ST LUCIA: Shashikala Siriwardene goes over the top during about $14 mn and the resignation of then chief executive Women’s World T20 against Bangladesh. awards to as many as 15 Mehmood WAPDA players and officials. Haroon Lorgat. SABC, the cash-strapped national broad- WAPDA Sports Board office caster, will televise the tournament. Rallying: World championship MCC gives umpires Australia says bearers and senior WAPDA The free-to-air coverage is expected to boost the popu- officers were also present on larity of cricket, although it is unlikely that CSA are re- to be decided Down Under greater discretion country comes the occasion. ceiving a substantial rights fee. The players and officials re- In addition to the absence of a title sponsor, none of the SYDNEY: Frenchman Sebastien Ogier and Belgian over beamers before IPL ceived cash awards included six teams have announced a major sponsor. CSA are hop- Thierry Neuville will take their thrilling battle for the world Nargis (Karate), Shah ing that international exposure will enable the league to rally championship to the bushland tracks of northern New LONDON: Umpires will have greater dis- SYDNEY: Players picked in Australia’s Muhammad (Karate Coach), rival the long-term success of similar tournaments in South Wales this weekend for the title-deciding Rally Aus- cretion over what constitutes a dangerous de- World Cup squad won’t be allowed to take Arshad Nadeem (Athletics), other countries, such as the Indian Premier League and tralia. M-Sport Ford driver Ogier, who is gunning for a sixth livery from 2019, Marylebone Cricket Club part in the final few weeks of the Indian Pre- Syed Fiaz Hussain (Athletics Australia’s Big Bash League. Marketing head, former successive world title, holds a three-point lead over (MCC) announced Wednesday. The umpires mier League, cricket bosses said Thursday Coach), Hassan Raza Test player Clive Eksteen, said at a recent briefing that Hyundai's Neuville heading into the final round of the will have more flexibility over whether a in a bid to ensure country comes first. (Kabaddi Asian Style), Nauh the matches would be broadcast in India, England, Aus- championship with up to 30 on the line around the coastal beamer - a delivery aimed at the batsman’s The lucrative IPL Twenty20 tournament Dastigir Butt (Weight Lifting), tralia, North America and the Caribbean. Some interna- city of Coffs Harbour. Toyota's Ott Tanak remains in math- head - is deemed to be dangerous. It marks a usually runs from late March till mid May Talha Talib (Weight Lifting), tional marquee players, such as Afghanistan leg-spinner ematical contention for the title in third place 23 points be- major rethink by the MCC, the guardians of with the World Cup in England and Wales Haseeb Tariq (Swimming), Rashid Khan and England batsman Jason Roy, will be hind Ogier but the Estonian will be relying on something the laws of cricket. starting on May 30. After a miserable run of Muhammad Inam (Wrestling), available only for the latter stages, having committed to a going spectacularly wrong for the other two contenders. In October last year, a new definition of form this year, Cricket Australia are deter- Inayat Ullah (Wrestling), 10-overs league in Abu Dhabi. South Africa’s leading Neuville, who is looking to break France's 14-year grip on Law 41.7 deemed that any delivery on the mined the players’ key focus is on defend- Abbas Zeb (Squash), Haider one-day players will miss the opening matches because of the title, led the championship until the last round in Spain full above a batsman´s waist was deemed to ing their one-day title ahead of an Ashes Ali (Athletics), Nadia Maq- a tour of Australia which finishes Satur- when a broken wheel rim cost him vital points in the final be an illegal no-ball that would see the field- series against England. The guidelines state sood (Power Lifting), Rabia day. But De Villiers is probably the power stage. The 30-year-old won in Australia last year and ing side penalised one run, regardless of the that anyone selected in the 15-player World Razzaq (Power Lifting), and biggest drawcard in South African being second in the championship will have the advantage Sybil Sohail (Power Lifting). speed with which it was delivered. The re- Cup squad, which will be announced in late cricket. His retirement from in- of watching Ogier going out first and sweeping the hot Addressing the ceremony, vised ruling also reduced the number of April, must attend a pre-tournament camp ternational cricket earlier this gravel tracks on day one on Friday, improving conditions warnings given before a bowler had to be re- WAPDA Chairman congratu- in early May. year means that the league will for the drivers that follow. —Agencies moved from the attack for bowling danger- Those in Australia’s ODI squad for their lated medalists on their per- be his only appearances on South ous deliveries from two to one. The rules had series against Pakistan -- whose dates are re- formance. He expressed the African fields this season. In a Grand champion pulls out been changed to discourage deliberate tar- portedly pencilled in for March 15-29 -- will hope that WAPDA players geting of a batsman but MCC they had re- also not be released until it is over. And play- would continue to bring lau- website article, De Villiers said after fourth successive loss ceived "almost universally negative" ers, who will need approval from CA to fea- rels to Pakistan in interna- he “can’t wait” for the league to feedback that the new sanctions were "overly ture in the IPL, must also complete their tional events. “A lot of begin. “I have been working hard in the gym and nets, and it’s all sys- TOKYO: Sumo wrestler Kisenosato, who holds the high- severe", especially to younger bowlers. Sheffield Shield duties before leaving for the improvement is needed to el- tems go,” he wrote. De Villiers has est rank of yokozuna, pulled out of the Kyushu Grand Sumo "MCC has listened to that feedback, and Indian tournament. Cricket Australia´s in- evate Pakistan in international Tournament on Thursday, a day after suffering his fourth changed the Law with the objective of creat- terim Team Performance chief Belinda sports event, all stakeholders been appointed captain of the consecutive defeat to start the competition 0-4. Kisenosato is ing a better and fairer Law, while maintain- Clark said the rules were "in the interest of have to play their role in this Spartans, who will repre- the first Japan-born wrestler in 19 years to gain promotion to ing the core aim of improving player safety making Australians proud of our team". "We in this regard” said the Chair- sent the metropolitan the rank of yokozuna but has struggled with a series of nig- and enjoyment," said MCC in a statement. are working hard to ensure their health and man. Highlighting the signifi- area of Pretoria, his gling injuries and has completed just one full tournament The altered law will come into effect from match readiness ahead of what will un- cance of sports, he further said home town. He hit since being promoted in January 2017. Following his sur- April 1, 2019, in time for the start of the Eng- doubtedly be a huge year in cricket, while that sports alone could effec- 93 off 31 balls in a prising loss to middle-ranked Tochiozan in Fukuoka on lish summer, when umpires will "use their respecting the players´ interests in playing tively counter most of the na- warm-up match Wednesday, the 32-year-old said he would be pulling out of best judgement to determine whether a de- in the various formats," she said. "It is a dif- tional issues such as terrorism, against the Jo- the meet. Before completing the September meet in Tokyo livery is dangerous". Law 41.6, which ap- ficult period with the IPL being brought for- extremism and the fragile hannesburg with a 10-5 record, Kisenosato had previously pulled out of plies to short-pitched fast bowling - bouncers ward to accommodate the Cricket World economy. team, Jozi all or part of eight successive tournaments. —Reuters - is unchanged. —AFP Cup, and overlapping our domestic season. Stars. —AFP Roshen guides SL to precious 46-run lead against England PALLEKELE: A graceful Dhanan- nings, taking 3 for 70. Sri Lanka's right- too many loose balls. Roshen began jaya de Silva 59, and a watchful 63 from handers found him particularly difficult his innings when wickets were falling Dimuth Karunaratne gave the Sri Lanka and were wary of taking risks. quickly - Sri Lanka lost 4 for 38 either innings some early substance, but both Adil Rashid, meanwhile, bowled the side of lunch - and he had difficult mo- those turns were outshone by what was highest number of unplayables, find- ments himself early in his knock. arguably the innings of the series so far ing dip, drift and rip-snorting turn, to There were edges that just bounced - a resolute 85 from Roshen Silva that take the big wickets of de Silva and short, thanks in part to his playing the carried Sri Lanka 46 runs into the lead. Angelo Mathews shortly after lunch. ball with soft hands, and lbw shouts Almost as impressive as his score, that were turned down. During that pe- and the 174 balls he batted, was the England 285 (Curran 64, riod, Rashid even brought point into fact that he forged such fruitful part- the circle, so powerful did his grip over nerships with the tail, coaching them Buttler 63, Dilruwan Roshen seem. But the batsman battled. through the tough periods. He dug in. The last three partnership in Sri 4-61) and 0 for 0 (Leach He made sure to cover the stumps. Lanka's innings were worth 125 - 0*, Burns 0*) trail Sri He made peace with the fact that he Roshen scoring 60 of those runs. Soon was going to have his outside edge re- after Roshen had arrived, Sri Lanka Lanka 336 (Silva 85, peatedly and resoundingly beaten. had been six-down and still 120 runs Like Karunaratne in the first session, behind. Given the extremely challeng- Karunaratne 63, Roshen had come prepared for a dog- ing nature of this surface, and the vari- de Silva 59) by 46 runs fight. Eventually things got easier. The ety in England's attack, it was a singles began to come. He was finally monumental recovery. He finished with 3 for 76 from 22 able to squeeze Rashid away through Of England's bowlers, Jack Leach overs, eventually taking the wicket of point for four. Unlike many of the bats- was the most relentless, delivering beau- Roshen, who miscued a lofted drive to men that have prospered so far on this tiful lines, and immaculate lengths mid-on. Moeen Ali had a less success- surface, though, Roshen did not really PALLEKELE: Roshen Silva drives through the off side during 2nd Test against England. through the course of 29 overs in the in- ful day - he took 2 for 85 and bowled use the sweep. —AFP The Business | INTERNATLahIorOe FNridayA, NoveLmber 161, 21018 Trump pushes out senior advisor at start of Trump to meet North Korea's Kim in White House reshuffle 2019; won't allow broken promises: Pence SINGAPORE: US Vice of the year but the when and least 13 of an estimated 20 since the June summit and President Mike Pence said the where of that is still active, undeclared missile recent high-level meetings on Thursday (Nov 15) Pres- being worked out," Pence bases inside North Korea, cancelled, Trump said last ident Donald Trump plans to told reporters after meeting underscoring the challenge week he's now in "no rush" meet North Korean leader South Korean President for American negotiators but still wants to meet with Kim Jong Un in the new Moon Jae-in. hoping to persuade Kim to Kim for a second time. year but won't repeat past "We don't want to repeat give up his weapons pro- U.S. officials have said mistakes of allowing prom- the mistakes that prior ad- grammes. sanctions forced North ises to be broken on pledges ministrations, frankly in North Korea had entered Korea to the negotiating to end arms programmes. both political parties, have into agreements with re- table and vowed to keep The United States and made over the last several gional powers in 1994 and in pressure until complete de- North Korea have been dis- decades where promises are 2005 to dismantle its nuclear nuclearisation. But North cussing a second meeting made, sanctions are lifted, programme in return for Korea has credited its nu- between their leaders to fol- economic support comes economic benefits and clear and missile break- low up the Singapore sum- and then promises are bro- diplomatic rewards, but throughs for providing it the mit in June and lay the ken." those deals broke down after standing to meet the world's groundwork for ending a nu- Pence and Moon were Pyongyang clandestinely biggest powers. Pence said WASHINGTON: An angry Donald Trump pushed out a clear stand-off between the meeting on the sidelines of continued to pursue building Moon agreed to work senior advisor late Wednesday after First Lady Melania old foes. an Asia-Pacific summit weapons of mass destruc- closely with the United "maximum pressure" cam- has been the North's main Trump demanded her sacking, with more heads set to roll in a "The plans are ongoing. hosted by Singapore. tion. States towards the second paign by keeping the sanc- economic benefactor, was White House reshuffle triggered by infighting and setbacks in We believe that the summit A U.S. think tank said on With scant sign of U.S.-North Korea summit, tions against Pyongyang in doing enough to maintain the midterm elections. place. Asked if China, which sanctions pressure.—AFP Melania Trump made the extremely rare demand for deputy will likely occur after the 1st Monday it had identified at progress on negotiations as Washington maintains the national security advisor Mira Ricardel to be fired on Tues- day, saying "she no longer deserves the honor of serving in Mexican man this White House". The protocol-busting move followed a falling out that press executed in Texas leaks say was partly linked to a dispute over seating arrange- ments on the plane that took the first lady for a tour of African for bludgeoning countries in October. Ricardel was also reportedly blamed for death of family negative news coverage of Melania Trump. The first lady at least partially got her way Wednesday when WASHINGTON: A Mexican presidential spokeswoman Sarah Sanders announced that Ri- man was executed in Texas on cardel "departs the White House to transition to a new role Thursday for bludgeoning his 42- year-old wife and two children to death with a sledgehammer at their

within the Administration". home in 1992, the state said. The start to the second half of Donald Trump's first term is en- Roberto Ramos Moreno, 64, was veloped in gloom as the president surveys the damage from the put to death by lethal injection in midterms, tension with some of America's closest allies, and now the state's death chamber in turmoil inside the administration. On Wednesday, he was quoted by Huntsville, where he was pro- right-wing website The Daily Caller saying that a wider reshuffle nounced dead at 9.36pm local time, is coming. "A lot of people want to come in, a lot of politicians who state correction officials said. have had very successful careers want to come in," he said. Moreno was convicted and sen- The biggest name on the chopping block, according to mul- tenced to death in 1993 for killing tiple US media reports, is chief of staff John Kelly. his wife Leticia Ramos and their children, Abigail Ramos, 7, and Jonathan Ramos, 3, according to SINGAPORE: ASEAN leaders with US Vice-President Mike Pence at the start of the ASEAN-US Summit. court filings from the state's De- 'Like nothing on earth': partment of Justice. After Leticia Ramos' sister re- APEC's cruise ship summit ported that she and the two children were missing, officers found their PAPUA NEW GUINEA: Quoits deck, plunge pools and bodies buried beneath the bath- sunset yoga: for security and logistical reasons, thousands of ASEAN-US ties ‘healthy’, but room floor of their Progreso, Texas, delegates and journalists attending this year's APEC summit home. have very unusual quarters - on hulking cruise ships moored They had all died from skull offshore. "Like nothing on Earth" screams the slogan in huge need to be seen in backdrop of fractures more than a month earlier. dark lettering against their gleaming white hulls, off Papua New Ramos' attorney Danalynn Recer Guinea's crime-ridden capital of Port Moresby. And indeed few did not immediately respond to a attendees can have experienced request for comment. DOCUMENTS LOST summit accommodation like it. US-China relationship: Lee Lawyers for Ramos filed multi- The 245-metre Pacific SINGAPORE: The relationship between no place in the Indo-Pacific”, and that his with ASEAN’s priorities. ple appeals since 1996 arguing that The real file of my Jewel, where mainly journal- the United States and China has profound im- country has taken decisive action to promote On security, Mr Lee said that ASEAN will he did not receive effective trial mother’s car no LEB-10- ists are housed, has 14 decks plications for the Association of Southeast this vision across the region. continue to share US’ concerns on issues counseling, was represented by a 6564, engine no Y063171, and berths for nearly 1,700 Asian Nations (ASEAN), Prime Minister Lee “Our vision for the Indo-Pacific excludes no threatening regional peace and stability. poorly-trained, court-appointed chassis no NZE Hsien Loong said on Thursday . nation," he said. Referring to the US-North Korea summit 1402042736 has been lost people ranging from small in- counsel, and has a history of men- terior cabins to spacious Speaking at the ASEAN-US Summit in Sin- "It only requires that every nation treat their that was held in Singapore, Mr Lee said the tal illness. somewhere. Finder may gapore, Mr Lee said that while Singapore is neighbours with respect, and respect the sov- meeting in June was an important first step to- contact at this address: suites with an ocean view. It "Mr. Ramos Moreno's life was happy to see that relations between the regional ereignty of our nations and the international wards lasting peace on a denuclearised Korean scarred, figuratively and literally, Gulshan Eiman Hassan boasts an array of restaurants bloc and US are healthy in areas such as de- rules of order." Mr Pence also remarked that Peninsula. D/O Zubairul Hassan, H, and bars - from the Mix by relentless poverty, devastating fence and cybersecurity, their partnership has ASEAN was “central” to US’ vision in the re- But he added that a long journey awaits."It physical abuse and rampant neg- No. 183/2, AA Phase 4, Cocktail bar to the darker and to be seen in the background of the US-China gion. only requires that every nation treat their Defence Lahore. jazz-filled Orient. —AFP lect," Recer said in a 2018 court fil- relationship. "The US-China relationship is the "In all that we do, the US seeks collabora- neighbours with respect, and respect the sov- ing. "He also suffers from organic most important set of bilateral relations, and tion, not control," he said. "We are proud to ereignty of our nations and the international brain damage directly affecting his has profound implications to ASEAN," said Mr call ASEAN our strategic partner ... We recog- rules of order." Mr Pence also remarked that LOSS OF SHARE CERTIFICATES ability to control his actions or Lee. "ASEAN countries want to be able to en- nise that our interests are intertwined and our ASEAN was “central” to US’ vision in the re- comprehend their consequences." My Mother shares of millat tractor Ltd., in the name of gage with both US and China, and maximise visions are truly the same." gion."In all that we do, the US seeks collabo- M/s Ayesha Begum bearing certificate numbers from the scope and advantages of our cooperation. Mr Pence, who described ASEAN as an “in- ration, not control," he said. "We are proud to Officials from the Texas Attor- 3378_3383, 4188_4190, 6140_6140, 8099_8099, "Therefore, we hope that the US-China rela- dispensable and irreplaceable" partner also an- call ASEAN our strategic partner ... We recog- ney General's Office said Ramos' 9018_9018, 12225_12227, 16559_16560, 20501_20503, tions remain stable and hope that all will work nounced the US-ASEAN Smart Cities nise that our interests are intertwined and our sentencing was justified, adding 30055_30057, and distinctive numbers from out." partnership at the summit. visions are truly the same." that his then 19-year-old son testi- 227358_227657, 272819_272968, 406410_406454, READ: Commentary: As summits approach, “This effort will spur new American invest- Mr Pence, who described ASEAN as an “in- fied against him, detailing his ex- 650990_651088, 739850_739997, 1384917_1385163, winds of trade war hit region ment in the region's digital infrastructure, ad- dispensable and irreplaceable" partner also an- perience growing up under his 2113939_2114135, 2572174_2572410, 3600290_3600573, Over the past year, China and the US have vancing prosperity and security in Southeast nounced the US-ASEAN Smart Cities father's physical and verbal abuse, have been lost. Any person having claim/objection in this re- slapped tariffs on hundreds of billions of dol- Asia” he said. partnership at the summit. according to court documents. gard must notify to the share register Hameed Majeed As- lars of each other's goods, jolting global finan- Mr Lee, who said that ASEAN and the US “We urge all concerned parties to continue At the time, authorities said sociates (Pvt.) Ltd., H.M.House , 7_Bank Square , Lahore , cial markets. should further deepen partnership in digital working towards this common goal,” Mr Lee Ramos told police his family died within 21 days . Failing which, duplicate shares will be is- Delivering his opening remarks at the sum- technology, welcomed the partnership, adding said, adding that this includes the full and ex- in a car accident but did not know sued to the shareholder and no claim /objection will be en- mit, US Vice President Mike Pence said that that its focus on infrastructure, energy and peditious implementation of declarations where.—AFP tertained by the company hereafter . everyone agrees "empire and aggression have info-communication technology aligns well aimed at denuclearisation.—AFP Rohingya rejection CORRECTION OF FATHER NAME CORRECTION OF FATHER NAME CORRECTION OF FATHER NAME Death toll from California Diverse class of ruins Bangladesh wildfires rises as repatriation effort COX'S BAZAR: Frightened 130 still missing lawmakers ready for and angry Rohingya refugees on PARADISE: The toll in Thursday forced Bangladesh to call off efforts to start sending back I Yousuf Haris have the deadliest wildfires in re- I Ali Haider have passed I Muhammad Waseem cent California history close-up in US Congress some of the hundreds of thousands passed the Secondary the Secondary School An- have passed the Secondary WASHINGTON: Dozens of newly elected members of Congress gathered in Wash- of the stateless Muslims to Myan- School Annual/Supply Ex- climbed to 59 on Thursday as nual/Supply Examination School Annual/Supply Ex- ington Thursday, illustrating a diverse freshman class of House lawmakers who will be mar, casting fresh doubt on a dis- amination 2017 under Roll authorities released a list of 2016 under Roll No amination 2018 under Roll 130 people still missing. sworn in under the next phase of Donald Trump's presidency. puted repatriation programme. No 207898 and Intermedi- 298873 and Intermediate No 305154 from B.I.S.E. A record number of women, and scores of minorities including Hispanics, African- ate Part-I Annual/Supply Most of those unaccounted Hundreds staged a demonstra- Annual/Supply Examina- Lahore. My Father's Name for are from the Butte County Americans, Native Americans and members of the gay, lesbian and bisexual communi- tion near the Myanmar border Examination 2018 under tion 2018 under Roll No is Muhammad Akram ties, will fill the ranks of the 116th Congress when it convenes beginning Jan 3. Roll No 752605 from town of Paradise, in northern shouting "we will not go" on the 657111 from B.I.S.E. La- Joiya whereas on certifi- Democrats will be at the helm of the US House of Representatives through the 2020 B.I.S.E. Lahore. My Fa- California, which was virtu- day the first batch were due to be hore. My Father's Name is cate my father's name has elections, having bested Republicans in this month's contentious midterms. ther's Name is Muhammad ally erased from the map by sent back. Abdul Hameed whereas "We have a lot of people who have never held public office before but come from a Ali whereas on certificate been mentioned as the so-called "Camp Fire" More than 720,000 Rohingya on certificate my father's Muhammad Akram really rich background of education or organizing, and I think it brings a really incredi- my father's name has been name has been mentioned blaze that erupted last week. fled Myanmar's Rakhine state into ble, fresh perspective," Democrat Alexandria Ocasio-Cortez, a liberal rising star, told mentioned as Khalid Latif as Abdul which is incor- which is incorrect. Butte County Sheriff Kory Bangladesh after a military crack- which is incorrect. rect. I want to get changed my Honea told journalists reporters after a class photo on the Capitol steps. down in August 2017 that the UN I want to get changed my I want to get changed my father's name from Wednesday evening that 461 "We'll see once we get in there. But I'm hopeful," said the New Yorker of Puerto Rican has said calls for a genocide inves- father's name from Khalid father's name from Abdul to Muhammad Akram to search and rescue personnel descent, who at 29 is set to become the youngest House member. tigation. Latif to Muhammad Ali. If Abdul Hameed. If any per- Muhammad Akram and 22 cadaver dogs were in- Democrats already have a major task at hand: deciding on their leader in November Many brought horrific tales of any person / organization / son / organization / agency Joiya. If any person / or- volved in the effort to locate 28 party elections. murder, rape and razed villages and agency have any objection have any objection then the ganization / agency have those missing and DNA test- Minority Leader Nancy Pelosi, the country's first female speaker of the House from vowed never to return. Not one of then the same may be inti- same may be intimated in any objection then the same ing was being expedited to 2007 to 2011, has declared her candidacy to take up the gavel anew. the first 150 Rohingya meant to mated in writing to the Sec- writing to the Secretary, may be intimated in writing identify the victims. Pelosi, 78, is the heavy favorite, but some newcomers have said they may not back her. cross back Thursday under an ac- retary, Board of Intermediate Board of Intermediate and to the Secretary, Board of "Beginning Thursday, any- Ocasio-Cortez, Ayanna Pressley of Massachusetts, and Michigan's Rashida Tlaib have cord with Myanmar turned up nor and Secondary Education, Secondary Education, 86 - Intermediate and Secondary one who believes a family said it was too soon to conclude whether they will support Pelosi. wanted to return, acknowledged 86 - Mozang Road Lahore Mozang Road Lahore within Education, 86 - Mozang member perished can provide New Jersey congressman-elect Jeff Van Drew stands opposed to a Pelosi speakership. Bangladesh authorities, under pres- within 15 days. 15 days. Road Lahore within 15 a DNA sample" to the sheriff's "That's the pledge that I made when I ran for office and it's the pledge that I'm going sure from the United Nations and days. office, Honea said..—AFP to keep," he said.—AFP aid groups.—AFP 12 India braces for cyclone, Bajwa visits Army Services puts Navy on alert Corps Centre in Nowshehra NEW DELHI: Tens of thousands of rescue personnel were on RAWALPINDI: General Qamar Javed Bajwa, COAS, visited standby and many more people were evacuated in southern India The Army Service Corps Centre, Nowshera on Thursday. Maj Gen- on Thursday as authorities braced for the arrival of Cyclone Gaja. eral Mushtaq Ahmed Faisal was installed as Colonel Comman- Schools were shut and fishing barred on the coastline of Tamil dant of Army Service Corps. Large number of serving and Nadu state in anticipation of the storm packing wind speeds of 80- retired officers attended the ceremony. Upon arrival, the army 90 kilometres (50-55 miles) per hour gusting to 100 kph, authori- chief laid floral wreath at martyrs’ monument. Later talking to ties said. The Hindustan Times reported that 87,000 people had officers of services corps and the guests COAS appreciated con- been evacuated from Nagapattinam district of Tamil Nadu. —AFP BLahore, Furiday, Nsovemibern 16, 2018e Rabi-sul-Awsal 07, 1440 tributions of the Corps. —BOSC

Zardari says, he Dawood lauds knows who is SMEDA for helping PTI By Our Staff Reporter promoting SMEs By Our Special Correspondent LAHORE: Pakistan People’s Party (PPP) co-chairman Asif Ali Zardari on LAHORE: Razak Dawood, Advisor to Prime Minister Thursday stated that ‘he knows who is on Commerce, Textile, Industry, Production and Invest- helping incumbent government. He made ment during a briefing session appreciated services of the these remarks during interaction with Small and Medium Enterprises Development Authority media personnel in Badin. (SMEDA) for promoting SMEs in the country. The former president went on to say that only ‘real representatives’ [of While exchanging his views with SMEDA manage- masses] can run the country. Taking a jibe ment team led by its CEO Sher Ayub Khan, the Advisor at Prime Minister Imran Khan, the vet- asked SMEDA to identify high-potential sectors of SMEs eran politician, also known as king of rec- and devise respective development strategies to create onciliatory politics, stated that one can new opportunities for employment generation and export become a great cricketer through passion promotion in the country. He advised that the develop- but not a great leader. ment strategies should offer equitable business prospects “Whenever PPP will come to power for all provinces of the country. The mineral sector in [again], it would be better than that of Baluchistan and the tourism sector in Khyber Pakistan Tehreek-e-Insaf’s government”, Pakhtunkhwa should be focused exclusively for devel- claimed Asif Ali Zardari. opment on modern lines, he added. Razak Dawood acknowledged that SMEs were the backbone of Pakistan’s economy and the present gov- ernment was determined to promote an entrepreneur- NAB issues ship culture in the country through SME development. Hence, SMEDA has an important role to play in achiev- notice to Lahore ing economic agenda of the government, he said and C assured to develop conducive policies for facilitating M prosecutor ease of doing business. He advised SMEDA to develop By Our Special Correspondent LAHORE: Activists of Muttahida Majlis-e-Amal raise slogans during their Million March at the Faisal Chowk. viable policy proposals to help SMEs access finance, Y technology upgradation and also provide support for K LAHORE: Chairman National Ac- creating market linkages. countability Bureau (NAB) Justice To lay down realistic policies for SMEs, he asked (Retd) Javed Iqbal on Thursday directed SMEDA to review the number of SMEs location-wise to issue show cause notice to the Prose- across the country and also revisit the definition of cutor of NAB Lahore Arif Mehmood SMEs in consultation with eminent economists and Rana for showing negligence. The pros- stakeholders of the SME sector. ecutor during hearing of a case in the La- MMA leaders warn Earlier, SMEDA CEO Sher Ayyub Khan apprised the hore High Court Lahore (LHC) has Advisor about services, products and projects undertaken allegedly argued in favour of an accused by SMEDA for SME promotion. He informed that without even consulting Director General SMEDA had facilitated an investment of over Rs 29.73 NAB, Lahore and Deputy Prosecutor billion during last decade through handholding of SMEs General Accountability (DPGA). government against and up-gradation of existing SME clusters by providing Arif Mehmood Rana despite knowing them common facility centers financed through the Public that NAB had already submitted com- Sector Development Programme. ments in this case before the Court, he He further informed that SMEDA, through interaction favoured the point of view of accused for with SME sector stakeholders, had identified certain po- seeking comments from NAB again. In tential clusters of SMEs, which were unable to tap export the Show Cause Notice, he has been recognising Israel market despite surplus production, due to unavailability asked to elaborate reasons for his negli- By Our Staff Reporter staging mixed dances on roads Acting Ameer of the Jamaat-e- fail in their efforts. gence and favouring the accused. could not be expected to build a Islami Muhammad Idrees in his He said the movement for the of modern technology. The Chairman NAB has also directed LAHORE: Addressing an Madina-like state. address said that Chief Justice enforcement of the Nizam-e- He shared details of the Agro Food Processing Facil- all prosecutors and investigators to pur- emotionally charged Tahafuz-e- The Million March was also Saqib Nisar and other members Mustafa was continuation of the ity Multan, set up for producing Mango pulp and Sports sue cases and to appear before the Courts Namoos-e- Risalat Million March addressed by acting Ameer of the of the judiciary should keep in Pakistan Movement. Industries Development Centre, Sialkot that had been set with complete documentary support, so at the Punjab Assembly cham- Jamaat-e-Islami, Hafiz Muham- mind that on the Day of Judg- MMA Information Secretary up to produce world class mechanized Sports balls. that the culprits could be punished and pers, the Mutahida Majlis-e-Amal mad Idrees, Hafiz Sajid Mir, Ibti- ment, they would get redemption Shah Awais Noorani said that He shared that the common facility centers set-up by the looted amount could be deposited in (MMA) President Maulana Fa- sam Elahi Zaheer, Maulana Allah only through the Holy Prophet Prime Minister wanted to make SMEDA were providing the local clusters with access national exchequer. zlur Rehman, said on Thursday, Wasaya, Maulana Ameer Hamza, (PBUH). He said, if the member them afraid with his threats. He to technology and training to develop a new breed of that the world colonialism and the Rana Shafiq Pasoori and others. of the judiciary continued to tol- warned that if the rulers dared skilled labour. rulers could not end the love of The MMA president said that erate the profanity of the holy to cast an evil eye on the SMEDA CEO assured of developing new development the Holy Prophet (PBUH) from PTI legislators in their TV pro- Prophet, how could they earn the mosques, madaris and shrines, strategies as per directions of Mr. Razak Dawood and ex- PML-N to expose the hearts of the Muslims. grammes, were suggesting holy Prophet’s intercession. the government won’t be al- pedite the process of revising the SME policy-2007. He said that the Supreme recognition of Israel. He said Speaking on the occasion, lowed to function. Court order for Aasia Masih’s re- that if Pakistan recognised the Markazi Jamait-e-Ahle Hadith Sheikh-ul-Quran, Maulana PTI's failure lease was based on technical Zionist state, it would have to President Hafiz Sajid Mir noted Abdul Ma’lik stated that safe- The Business Report grounds and aimed at pleasing back out from its stance of Kash- that safeguarding the namoos of guarding the namoos of the Holy the Western world. He said that mir. He, however, said that Pak- the Holy Prophet (PBUH) was not Prophet (PBUH) was the duty of IMF team visits LAHORE: Pakistan Muslim League was why the European Union istanis stood by the Kashmiris the issue of any particular Islamic every Muslim and whoever was Nawaz (PML-N) on Thursday decided to and the British parliament had and Palestinian. sect or any region and the respect not ready to lay down his life for release whitepaper to highlight failures of paid tributes to Chief Justice Maulana Fazl said that the PTI of the holy Prophet was dearer to the respect of the Holy Prophet NEPRA HQ for Prime Minister (PM) Imran Khan-led cen- Mian Saqib Nisar and the lobby government was trying to change every Muslim than his life. He ad- (PBUH), could not be a called a tral govt in first hundred days of its tenure. behind the caricatures was also the Islamic provisions of the vised the rulers not to pick up a true believer. Ahle Hadith leader power, gas tariff Sources privy to Punjab-based party happy. He said that the bogus Constitution and the Blasphemy war with the Islam lovers. Hafiz Ibtisam Elahi Zaheer said The Business Report revealed that PML-N would raise ‘colos- ruler of the country was standing Law. He said that the madaris JI deputy chief Dr Farid that if someone dared to allow sal hikes’ in electricity and gas tariffs en- with the West and the Zionists as were being targeted. However, Ahmed Piracha said that those Aasia Masih to leave the country, ISLAMABAD: An International Monetary Fund (IMF) suing double-digit inflation. had been predicted by him long he declared that the religious dreaming of making Pakistan a the Holy Prophet’s slaves won’t delegation on Thursday visited the headquarters of National Sources further added that torch-bearer ago. He remarked that the party parties would protect them. secular and liberal state would allow him to escape. Electric Power Regulatory Authority (NEPRA) to discuss of change had increased difficulties for strategy to increase power, gas tariff and circular debt. laymen instead of providing them relief. IMF delegation led by Herald Finger met NEPRA Chair- It would be suffice here to say that PTI- man Tariq Saddozai and review the schedule regarding led federal govt is all set to complete its withdrawal of Rs146 billion subsidy on power being given first 100 days in November. to the domestic consumers. OLX, carfirst all set to bring Heads of the various de- partments of NEPRA at- tended the meeting and SAARC Chamber briefed the delegation car bazaar to Lahore over the performance EC meeting ends By Our Special checked used car. Car owners and entry to the event will be invite everyone to attend the of the country s Correspondent can also pre-book free inspec- free of charge. OLX CarFirst CarBazaar. power sector, in- CHENNAI: SAARC Chamber of tions and appointments to sell Raja Murad Khan, CEO, and Car buying and selling is a cluding power gener- Commerce and Industry (SAARC CCI) LAHORE: OLX, the No.1 their car at www.carfirst.com. Co-Founder of CarFirst said, major decision for all of us and it ation, transmission concluded its 76th Executive Committee App in auto classifieds and Car owners will be able to sell “Following the success of can often be stressful if we don't and distribution. Meeting on November 10, 2018 in Chen- CarFirst, a leading used-car on- their cars through a 15-minute our OLX CarFirst Car know the value of the car we It is pertinent here nai, India under the chair of Mr. Ruwan line auction and trading plat- live auction. Joining CarFirst’s Bazaar in Karachi, want to buy or sell. to mention that IMF Edirisinghe, President SAARC CCI. form, are set to bring their commitment to better which was attended CarBazaar’s takes away the delegation is currently in The meeting succeeded in chalking out second OLX CarFirst Car the used car trading, by more than stress for car buyers by provid- Pakistan for talks to finalise the way forward, under President’s Vision Bazaar to Lahore happening at we are proud to 10,000+ people, and ing them with lots of choices a bailout package. to be the world’s best Chamber by 2030. the Expo Centre Lahore on Nov have PSO as our in response to our under one roof and ensures car The delegation reached Pakistan on November 6 and Federation of Indian Chambers of Com- 18, 2018 from 11 am to 7 pm. title sponsor, as well customers and part- sellers obtain the best price began technical talks with high level officials from No- merce & Industry (FICCI) hosted said People will be able to trade as other partners such ner dealers popular de- through Pakistan’s first live vember 7 that will continue till November 20. meeting at Raddison Blu Hotel. their used cars in the most se- TPL Insurance, Al- Haj mand, we are happy to auction platform. Pakistan is expected to seek $6 billion from the interna- The SAARC Chamber of Commerce cure, convenient, and transparent Faw Motors, Daewoo Bat- bring Car Bazaar to Lahore. CarBazaar takes the hassle tional lender. Finance Minister Asad Umar on Wednesday and Industry is an apex business or- manner. Car owners will be able tery, Food Panda, and City 42. We are excited to see car owners out of the car purchase process said the government was going to avail the 19th pro- ganization of SAARC dedicated to pro- to sell their used cars hassle-free, The OLX CarFirst Car Bazaar participate in a first of its kind, so come and join OLX and gramme from IMF and it will be its last. mote regional economic integration while car buyers will get access will have amazing financing and used car live auction at the Expo.” CarFirst and our amazing part- "We are going to take 19th IMF programme. This would through creating strong business link- to CarFirst Partner Dealer inven- insurance deals and Food Panda Bilal Bajwa, CEO of OLX ners for a fun day on Novem- be the last IMF programme of Pakistan," the finance min- ages among the entrepreneurs of the of ister said, while speaking to a private news channel. C South Asia. —Online tory and drive home a pre- certified food stalls for families Pakistan said, “I would like to ber 18th!”. M Y FBR undertakes reshuffling of BS-17 to 21 officers K By M J Hayat Inland Revenue (Zone-V) Large Tax- IV) Large Taxpayers Unit, Karachi as Unit, Karachi. He is assigned the ad- Service/BS-20) as Commissioner, Commissioner Inland Revenue payers Unit, Karachi, Ms. Shazia Abid Commissioner Inland Revenue (HRM) ditional charge of the post of Com- (AEOI Zone) Large Taxpayers Unit, (AEOI Zone) Large Taxpayers Unit, LAHORE: The Federal Board of (Inland Revenue Service/BS-20) as Large Taxpayers Unit-II, Karachi, missioner-IR (Zone-III), Large Islamabad as Commissioner Inland Islamabad, Azhar Jehangir (Inland Revenue (FBR) on Thursday undertook Commissioner, (Zone-V) Corporate Muhammad Yasir Pirzada (Inland Rev- Taxpayers Unit, Karachi till the post- Revenue (AEOI Zone) Large Taxpay- Revenue Service/BS-18) as Addi- large-scale reshuffling of Inland Rev- Regional Tax Office, Karachi as Com- enue Service/BS-20) as Commissioner, ing of a regular incumbent. ers Unit, Karachi, Zulfiqar Ahmad tional Commissioner, (OPS) (BTB enue (IR) at the level of BS-17 to 21 missioner Inland Revenue (Zone-IV) (AEOI Zone) Large Taxpayers Unit, Hasnain Brohi (Inland Revenue (Inland Revenue Service/BS-20) as Wing) Regional Tax Office II, Lahore across the country. Large Taxpayers Unit, Karachi, Lahore as Commissioner Inland Rev- Service/BS-20) has been transferred as Commissioner, (Zone-I) Large Tax- as Additional Commissioner Inland According to details, Mrs. Shah Muhammad Azhar Ansari (Inland enue (Zone-II) Large Taxpayers Commissioner, (Zone-II) Large Tax- payers Unit, Islamabad as Commis- Revenue (OPS) (AEOI Zone) Large Bano G.M Khan (Inland Revenue Serv- Revenue Service/BS-20) Unit, Lahore, Ms. payers Unit, Karachi as Commissioner sioner Inland Revenue (AEOI Zone) Taxpayers Unit, Lahore and Salman ice/BS-21) has been transferred as as Commissioner, Asma Aftab Inland Revenue (Zone-I) Regional Large Taxpayers Unit, Islamabad. He Naveed (Inland Revenue Service/BS- Commissioner, (IP/TFD/HRM) Large (Zone-II) Re- ( I n l a n d Tax Office III, Karachi and Syed is also assigned the additional charge 17) as Assistant Commissioner, (BTB Taxpayers Unit, Karachi to the post of gional Tax R e v - Shakeel Ahmad (Inland Revenue of the post of Commissioner-IR Zone) Regional Tax Office II, Lahore Director General, (IOCO) Federal O f f i c e , e n u e Service/BS-20) as Commissioner, (Zone-I), LTU, Islamabad till the as Assistant Commissioner Inland Board of Revenue (HQ), Islamabad. Quetta as Commis- Service/BS-20) as (Zone-II) Large Taxpayers Unit, La- posting of regular incumbent. Revenue (AEOI Zone) Large Tax- Stationed at Karachi, Dr Shafquat Hus- sioner Inland Revenue Commissioner, hore as Commissioner Inland Rev- Tariq Hussain Tunio (Inland Rev- payers Unit, Lahore. sain Kehar (Inland Revenue (Zone-III) Large Tax- (Zone-V) Large Taxpayers enue (Zone-II) Large Taxpayers enue Service/BS-19) has been trans- The officers who are drawing per- Service/BS-20) as Commissioner, payers Unit-II, Karachi, Zahoor Unit, Karachi as Commis- Unit-II, Karachi. ferred as Additional Commissioner, formance allowance prior to issuance (Zone-I) Regional Tax Office, Hyder- Ahmad Panwar (Inland Revenue Serv- sioner Inland Revenue (HRM) Corpo- Irshad Hussain (Inland Revenue Large Taxpayers Unit-II, Karach as of this notification shall continue to abad as Commissioner Inland Revenue ice/BS-20) as Commissioner, (Zone- rate Regional Tax Office, Karachi, Service/BS-20) as Commissioner, Additional Commissioner Inland draw this allowance on the new place (Zone-I) Large Taxpayers Unit, III) Large Taxpayers Unit-II, Karachi as Qazi Hifzur Rehman (Inland Revenue (Corporate Zone-I) Regional Tax Of- Revenue (AEOI Zone) Large Tax- of posting. All above listed officers Karachi, Shamsuddin Qazi (Inland Commissioner Inland Revenue (Zone- Service/BS-20) as Commissioner, fice, Faisalabad as Commissioner In- payers Unit, Karachi, Qaisar Ashfaq are requested to Relinquish/Assume Revenue Service/BS-20) as Commis- IV) Large Taxpayers Unit-II, Karachi, (Zone-IV) Large Taxpayers Unit-II, land Revenue (AEOI Zone) Large (Inland Revenue Service/BS-19) as charge, using online HRMS facility sioner, (Zone-II) Large Taxpayers Unit- Ms. Hina Akram (Inland Revenue Serv- Karachi as Commissioner Inland Taxpayers Unit, Lahore, Shakeel Additional Commissioner, Regional made available to FBR or by using II, Karachi posted as Commissioner ice/BS-20) as Commissioner, (Zone- Revenue (Zone-II) Large Taxpayers Ahmad Kasana (Inland Revenue Tax Office, Islamabad as Additional their IJP logins.

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