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Inside Pages: Thursday PTI will establish #2: SHC orders Sindh govt not to remove IG December 29, 2016 govt in Punjab soon, #3: Police arrests prime suspect, accomplice Rabi-ul-Awwal 29 #4: Regulatory bodies Vol#10 Issue# 120 says Tareen #5: Iran rial hits fresh record low Pages 8 Rs 12 See Page# 8 #6: Futures higher after Nasdaq closes at record level KARACHI EDITION

Economic Indicators Forex Reserves (16-Dec-16) $23.132bn TOP NEWS::::AZHAR FIRST PAKISTANI TO SCORE A TEST DOUBLE TON IN AUSTRALIA Inflation CPI% (Jul 16-Nov-16) 3.92% Exports (Jul 16 - Nov 16) $8.19bn Imports (Jul 16 - Nov 16) $19.64bn Terrorists include killers of Ismaili community people; Trade Balance (Jul 16 - Nov 16) $(11.78)bn Current A/C (Jul 16-Oct-16) $(1.76)bn Three other terrorists have been awarded imprisonment Remittances (Jul 16-Oct-16) $7.87bn Foreign Invest (Jul 16-Nov-16) $364mn Revenue (Jul 16 - Sep-16) Rs 1,073bn Foreign Debt (Sep 16) $74.64bn Domestic Debt (Sep 16) Rs 14,502bn COAS confirms Repatriated Profit (Jul 16-Nov 16) $802mn LSM Growth (Oct 16) 2.35% GDP Growth FY16 4.70% Per Capita Income FY14 $1,386 Population 193.66mn death sentence to Portfolio Investment SCRA(U.S $ in million) Yearly(Jul, 2016 up to 27-Dec-2016) -364.43 Monthly(Nov, 2016 up to 27-Dec-2016) -353.57 Daily (27-Dec-2016) -26.85 eight terrorists Total Portfolio Invest (16-Dec-2016) 7,755 NCCPL Killers of social workers Sabeen also among sentenced; (U.S $ in million) Kidnappers of two Chinese engineers are also punished FIPI (28-Dec-2016) -5.37 Local Companies (28-Dec-2016) 2.60 RAWALPINDI: Chief of ian for ransom. On the whole, nity travelling in a bus at Banks / DFI (28-Dec-2016) -0.34 Army Staff (COAS) General they were involved in killing of Safoora Chorangi Karachi Mutual Funds (28-Dec-2016) 6.63 Qamar Javed Bajwa 90 persons and injuring 99 oth- which resulted in death of 45 NBFC (28-Dec-2016) 1.90 Wednesday confirmed death ers. passengers and caused injuries Local Investors (28-Dec-2016) 0.51 sentences awarded to another Explosives were also recov- to 6 others. They were also MIANWALI: Prime Minister Muhammad being presented with a plaque by -3.30 Other Organization (28-Dec-2016) eight hardcore terrorists. ered from their possession. involved in killing of a social Chairman Atomic Energy Commission during the inauguration of the Chashma Nuclear Global Indices According to a statement These convicts were tried by worker Mst Sabeen Mehmood Power Plant-3, here on Wednesday. - APP photo Index Close Change issued by the Inter-Services military courts. Besides, 3 other at Karachi. KSE 100 47,424.63 504.16 Public Relations (ISPR) the ter- terrorists have been awarded These convicts admitted their Thanks China for coop in nuclear field Nikkei 225 19,401.72 1.34 rorists were involved in imprisonment. offences before the Magistrate Two-state Hang Seng 21,754.74 179.98 heinous offences related to ter- Detail of each case is as and the trial court. They were Sensex 30 26,210.68 2.76 rorism, including killing of under. awarded death sentences. only way to Chashma-3 (C-3) is ADX 4,517.15 83.41 innocent civilians, slaughtering The convicts Hafiz The convict Muslim Khan SSE COMP. 3,102.54 12.12 soldiers of Law Enforcement Muhammad Umar alias Jawad son of Abdul Rasheed was a ME peace, FTSE 100 7,104.76 36.59 a milestone to end *Dow Jones 19,928.07 16.97 Agencies and Armed Forces of son of Afzal Ahmed, Ali spokesman of proscribed *Last Updated 20:00 PST Pakistan. Rehman alias Pano/Tona son of organization. He was involved says Kerry These terrorists include those Asif ur Rehman, Abdul Salam in killing of innocent civilians, GDR update Monitoring Desk who planned and executed alias Tayyab/Rizwan Azeem attacking Armed Forces and load-shedding: PM Symbols $.Price PKR/Shares attack on persons of Ismaili son of Muhammad Nazar ul Law Enforcement Agencies of MIANWALI: Prime Minister said this cooperation is also MCB (1 GDR= 2 Shares) 3.00 157.16 WASHINGTON: US Community at Safoora Islam and Khurram Shafique Pakistan, which resulted in Nawaz Sharif Wednesday beginning of a new era of OGDC (1 GDR= 10 Shares) 14.40 150.87 Secretary of State John Kerry Chowrangi Karachi, wherein alias Abdullah death of 31 persons including described completion of development in the region. UBL (1 GDR= 4 Shares) 6.75 176.80 insisted on Wednesday the only 45 persons died at the spot and Mansoor/Abdullah Mansuri Inspector Sher Ali of police and Chashma-III (C-3) as another The Prime Minister LUCK (1 GDR= 2 Shares) 19.15 501.59 way to secure a lasting peace 6 others got injured. son of Muhammad Shafiq were injuries to 69 others. milestone towards the journey expressed the confidence that HUBC (1 GDR= 25 Shares) 29.81 124.93 between Israel and Palestinians They also include those who members of proscribed organi- He was involved in slaughter- to eliminate the menace of load Chashma-IV nuclear power Money Market Update is to negotiate a two-state solu- shedding from the country. plant would also become oper- killed a social worker Mst zation. ing of Capt Najam Riaz Raja, tion to their conflict. T-Bills (3 Mths) 21-Dec-2016 5.96% Sabeen Mehmood, kidnapped 2 They were involved in attack- Capt Juniad Khan, Naik Shahid Performing inauguration of ational before its deadline of T-Bills (6 Mths) 21-Dec-2016 5.98% Explaining the US decision the plant he said the project is mid next year. He expressed 21-Dec-2016 Chinese Engineers and a civil- ing persons of Ismaili commu- See # 1 Page 7 T-Bills (12 Mths) 6.07% last week not to veto a UN reflective of closer cooperation pleasure that Chashma two and Policy Rate 26-Nov-2016 5.75% Kibor (1 Mth) 28-Dec-2016 6.23% Security Council vote to con- between Pakistan and China in three power plants are most Kibor (3 Mths) 28-Dec-2016 6.12% demn Israeli settlement build- science and technology. He See # 6 Page 7 Kibor (6 Mths) 28-Dec-2016 6.15% ing, Kerry said: "The vote in Kibor (9 Mths) 28-Dec-2016 6.41% CPEC implementation the UN was about preserving Kibor (1 Yr) 28-Dec-2016 6.45% P.I.B (3 Yrs) 28-Dec-2016 6.65% the two-state solution. P.I.B (5 Yrs) 28-Dec-2016 7.50% "That's what we were standing 28-Dec-2016 Govt decides to P.I.B (8.15 Yrs) 8.50% up for: Israel's future as a Jewish P.I.B (15 Yrs) 28-Dec-2016 10.30% shows progress: Xinhua P.I.B (20 Yrs) 28-Dec-2016 10.60% and democratic state, living side- P.I.B (30 Yrs) 28-Dec-2016 11.00% KARACHI: Three years on for local people, the Xinhua by-side in peace and security introduce new PMEX Commodity Index. the China-Pakistan Economic 6th Pakistan, news agency stated in a lengthy with its neighbours," he said. Opening 3,028 Corridor (CPEC), described by news reports in its popular See # 9 Page 7 Closing 3,046 Pakistani Prime Minister Yearender series. Change 18 China JCC anti-terror law Nawaz Sharif as a "game "The China-Pakistan % Change 0.59 Approval of ISLAMABAD: The Ministry up to 90 days. Volume (Lots) 7,492 changer" for the entire region Economic Corridor is building meeting today of Interior has finalised a new POPA became ineffective Commodities here, has entered into full a more amicable bond between arms licences to anti-terrorism law by merging after expiry of its tenure, how- *Crude Oil (brent)$/bbl 56.34 implementation in 2016 and BEIJING: The sixth meeting our two brotherly countries. Protection of Pakistan Act ever, the proposed law will *Crude Oil (WTI)$/bbl 54.06 remarkable progresses have of Pak-China Joint Our friendly cooperation is MNAs, public *Cotton $/lb 69.85 been achieved. Cooperation Committee (JCC) ushering in a golden era for (POPA) and Anti-Terrorism Act have no fix duration. (ATA), sources revealed on Meanwhile, the National *Gold $/ozs 1,137.42 Chinese ambassador to of China-Pakistan Economic greater development," said Sun discussed *Silver $/ozs 15.95 Pakistan Sun Weidong reiterat- Corridor (CPEC) will be held during the ceremony of instal- Wednesday. Assembly Standing Committee The interior ministry is now on Interior and Narcotics Malaysian Palm $ 699 ed on many occasions that 16 in Beijing today (Thursday). lation of a new chandelier at ISLAMABAD: The 30th discussing the legislation with Control met to adopt Criminal *GOLD (PMEX) PKR 42,685 early harvest projects, includ- Minister for Planning and Mazar-e-Quaid, or the meeting of the Standing the Ministry of Law & Justice. law (Amendment) Act 2014 KHI Cotton 40Kg PKR 6,645 Development will Committee on Interior and ing several power stations, Mausoleum of the Founder of Under the proposed bill, aimed at uplifting penalties for *Last Updated 20:00 PST lead the Pakistan delegation Narcotics Control was held in highways and projects related Pakistan Muhammad Ali investigation agencies will various crimes. Open Mkt Currency Rates while Vice Chairman of Islamabad on Wednesday under to Gwadar Port, are under con- Jinnah, in Karachi on have the power to keep suspect- The amended act proposed to Symbols Buy (Rs) Sell (Rs) National Development and Chairmanship of MNA Rana struction and tens of thousands December 17. ed terrorists in their custody for See # 7 Page 7 Australian $ 76.50 77.30 of new jobs have been created See # 2 Page 7 See # 3 Page 7 Shamim Ahmad Khan. Canadian $ 79.25 80.10 Committee took up ten differ- Danish Krone 14.50 14.80 ent Government and Private Euro 112.25 113.45 Experts suggest US President-elect to develop clearer policies See # 10 Page 7 ECC allows export Hong Kong $ 13.40 13.65 Japanese Yen 0.880 0.910 Baldia factory ablaze Saudi Riyal 28.65 28.85 Trump should ease tension of 225,000 MT of Singapore $ 73.75 74.55 Plot hatched Swedish Korona 11.20 11.45 Swiss Franc 101.10 102.00 between Pakistan, India in sector sugar from surplus U.A.E Dirham 29.40 29.65 ISLAMABAD: The Economic Office on Wednesday. UK Pound 132.25 134.00 WASHINGTON: US strained ties between the two Chaudhary, a former Pakistan ground: Coordination Committee (ECC) ECC also has approved the US $ 108.20 108.50 President-elect Donald Trump countries. Two analysts, taking director at the U.S. National should develop clearer US poli- part in the discussion, stated Security Council said, referring has decided to allow export of proposal of the Ministry of Inter-Bank Currency Rates cies to ease strains between the that relations between India and to the attacks in the Indian-held Ghulam Ali 225,000 MT of sugar from the Petroleum and Natural Symbols Buying Selling surplus available after ascer- Resources regarding allocation TT Clean TT & OD nuclear-armed neighbors Pakistan were becoming less valley, which India has blamed KARACHI: The curious case Australian $ 75.19 75.33 Pakistan and India, senior ana- predictable as nationalist senti- on Pakistan. of Baldia factory fire witnessed taining that there would be 1.23 of additional around 50 Canadian $ 76.91 77.06 lysts said at a discussion at the ments in India heighten politi- Chaudhary said that every yet another breakthrough as million metric tons of surplus MMCFD available gas from Danish Krone 14.70 14.73 US Institute of Peace. cal pressure there to escalate its new administration wants to Rahman Bhola's close friend sugar available in the country. Habib Rahi Limestone (HRL) Euro 109.30 109.51 The discussion in a USIP response to clashes in the dis- solve the India-Pakistan stand- Ghulam Ali made new revela- The meeting of ECC of the reservoir to Thermal Power Hong Kong $ 13.45 13.48 forum on Wednesday followed puted territory of Kashmir. off, a possibility that Trump tions during his confessional Cabinet was chaired by Federal Station Guddu Japanese Yen 0.891 0.893 an escalation across the Line of "The fear of direct military and his Vice President-elect statement. Finance Minister Senator Ishaq (TPSG/GENCO-II) subject to Saudi Riyal 27.82 27.87 Control (LoC) that has further conflict is real," Shamila See # 4 Page 7 See # 11 Page 7 Dar at the Prime Minister's See # 8 Page 7 Singapore $ 72.04 72.18 Swedish Korona 11.33 11.35 Swiss Franc 101.62 101.81 U.A.E Dirham 28.52 28.57 Oil price increase helps index achieve new high UK Pound 128.30 128.55 US $ 104.77 104.96 KSE-100 Index sees another bullish session closing higher by 504 points Weather Forecast Ghulam Raza Rajani banking sector to stay in green 971.32 points to finish the day viding early support as they cumulatively contributed light and traded higher as Cities Max-Temp Min-Temp zone. at 81,338.15 level. investors tracked continued rise nearly one-fifth points to investor cheered provisional Islamabad 28°C 18°C KARACHI: Market carried on The benchmark KSE-100 Ali Raza at Elixir Securities in global crude. Thereafter, KSE100 Index; while other release of higher-than-expected Karachi 34°C 18°C from where it left the previous index closed higher by 504.16 Ltd. said Pakistan Equities institutional flows in index notable blue-chips such as urea offtake in November. Lahore 31°C 15°C 28°C 12°C day as index went on to mark a point to close at 47,424.63 staged a surprising rally as names helped kept the momen- Engro Corp plus by 2 per cent, Additionally, the recently- Quetta 19°C 7°C new all time high. Increase in points. KSE All Share Index institutional buying emerged tum going with a number of , Lucky acquired food company Engro Rawalpindi 25°C 13°C international oil prices kept increased by 362.45 to end at that pushed benchmark stocks rallying and supporting Cement and DG Khan Cement Foods increased by 5 per cent local oil scrips in limelight. Oil 32,461.98, KSE 30-Index KSE100 index to a new all- the Index ride. Index heavy 1.5, 1.1 & 2.2 per cent also also witnessed heavy buying Subscribe now sector played an important role ascended by 317.90 points to time high over 47,400 levels. MCB Bank and Habib Bank landed themselves among Top and closed at its upper price Tel: 92-21-35311893-6 in market positivity. Higher conclude at 25,665.88, whereas Market opened on a positive higher by 2.3 & 1.1 per cent Ten stocks on leader board. limit. We see current Fax: 92-21-35388427 Email: editor@ thefinancialdaily.com institutional interest helped KMI 30-Index improved by note with index heavy Oils pro- stood out as star performers as Fertilizers also came in lime- See # 5 Page 7 2 NATIONAL Thursday, December 29, 2016 PM can't run Four Punjab away from universities SBP issues revised Panama case, get acting says Naeem VCs instructions on ISLAMABAD: Pakistan LAHORE: Punjab higher tehreek-e-Insaf (PTI) education department on leader Naeem-ul-Haque Wednesday issued notifi- on Wednesday said that cation for the appointment neutral Directors Prime Minister (PM) KARACHI: President Karachi Chamber of Commerce & Industry of acting vice-chancellors KARACHI: Since last keeping in view the year. (KCCI) Shamim Ahmed Firpo presenting KCCI's crest to Federal Insurance Nawaz Sharif cannot run of four universities. financial crisis most of domestic regulatory/legal It is the core responsi- Ombudsman M. Raeesuddin Paracha at the Seminar on "Public Awareness away from Panama Leaks The competence for the the countries have revised regime and international bility of State Bank of case without clarification. about dispute resolution mechanism of Federal Insurance Ombudsman" appointment of vice-chan- their regulatory instruc- best practices. New defi- Pakistan (SBP) to ensure Responding to PM's at KCCI. Senior Vice President KCCI Asif Nisar, Vice President KCCI cellors by the Punjab gov- tions particularly focus- nition is somewhat more financial stability of the speech, Naeem-ul-Haque Muhammad Younus Soomro and others are also seen in the picture. ernment was challenged ing on the enhanced role stringent than the previ- banking industry by pro- said that construction of in Lahore High Court of Independent Directors ous one. Thus it will help viding continuous super- energy project is very (LHC). in the ever-changing pace in identifying and pre- visory support and guid- much needed in the coun- However; the court of the financial markets, venting conflict of inter- ance. try but track record of PM SHC orders Sindh govt while declaring the stance says a Press release. est situation to a greater For the purpose, SBP and Chief Minister of as accurate directed the Accordingly, SBP has extent. endeavors to strengthen Punjab (CM) is not so higher education depart- also issued revised Minimum number of the good governance good. ment to issue notification instructions on Independent Directors has regime in the banking He said PM is cutting not to remove IG in this regard and appoint Independent Directors of been increased from 25% industry through continu- ribbons instead of KARACHI: The Sindh challenging probable period of A. Dino senior professors as acting the banks/Development to 33% of the total Board ously reviewing and responding to Panama High Court (SHC) on removal of A.D. Khawaja. Khawaja. VCs over the recommen- Finance Institutions; members with effect from updating its regulatory Leaks issue. He said no Wednesday ordered the The court also called Some media reports also dations of search commit- highlights of the same are March 31, 2018. Separate instructions to cope with work has been done on provincial government not replies from the federa- suggested that A.D. tee. as follow: meeting of the the domestic challenges Nandipur, Quaid-i-Azam to remove Inspector tion, Sindh government Khawaja has been sent on As per the notification, Revision of the defini- Independent Directors of as well as to stay in line Solar Park and Gadani General Allah Dino and A.D. Khawaja by forced leave after his dif- Punjab University's VC tion of Independent a bank/DFI has been sug- with the international best Power projects. Khawaja from his post. January 12. ferences with powers to Dr Mujahid Kamran has Director has been made, gested at least once in a practices and standards. PTI leader lashed out at been dismissed from his The court has directed As per notification be. Sindh Government, PM and said that PM post and Dr Zafar Moeen the provincial government issued by the provincial however, refuted the termed his Parliament has been appointed as the not to take any action till government on December reports and claimed that speech as political. He acting VC. January 12. 19, Mushtaq Ahmed the police chief went on NFIS urges training said that such attitude of Dr Rukhsana Kausar PM has disappointed the The order was issued Mehar, an officer of Police leave on his own. will be the acting VC of nation. after a plaintiff informed Service of Pakistan, It may be mentioned Lahore College for Naeem-ul-Haque said court that the PPP-led Additional Inspector here that the federal gov- Women University, Dr that the people are not Sindh government has General of Police, was ernment had removed IG Zubair of Nawaz Sharif of SMEDA staff having any interest in fake sent AD Khawaja on allowed to look-after the Ghulam Haider Jamali on Engineering University KARACHI: The Task Development Fund (SME- size and scope of SMEDA talks and slogans. - NNI forced leave. charge of the post of November 12 and appoint- Multan and Dr Ishtiaq of Committee for capacity DF) for small interven- to meet the demands and The bench issued a stay Inspector General of ed Khawaja in his place Sargodha University. building of the Small and tions and products devel- serve the sector and over- order after preliminary Police in addition to his following a Supreme An implementation NAB set to Medium Enterprises opment at its meeting at come the challenges it is hearing of the petitions own duties, during leave Court directive. report regarding the Development Authority SMEDA Karachi office on facing. It needs a SMEDA court's verdict will be pre- challenge (Smeda) appointed by the 29th December 2016. of international standards sented on the next hearing Capacity Building He said SMEDA has having connections with by higher education Dr Asim's Working Group (CBWG) definite plans for estab- the Smeda's of the world. Over 350 get degrees at department. - NNI under the National lishment of SME facilita- It needs a SMEDA with a medical reports Financial Inclusion tion centers with state of scientific approach KARACHI: The National No change of Strategy (NFIS) recom- the art training facilities equipped with men, NUST Convocation mends training of and the task committee money and material to Accountability Bureau opposition (NAB) on Wednesday ISLAMABAD: Over 350 Shahzad, and Muhammad always remain indebted SMEDA staff in the will consider the proposal uplift the sector on mod- declared Dr Asim's illness successful students received Sheraz Anjum of MS-IT both to their parents and the leader in NA renowned SME in its true perspective. ern lines. as excuse to flee the corrup- degrees at the postgraduate batch-2011, Engr Sidra faculty for the selfless and Development Institutes The government needs Ali Sabih of UNISAME, tion case against him. convocation of NUST Shahbaz of MS-IT batch- dedicated services they ren- and digital outreach of the to provide of funds for Mukesh Kumar provincial According to details, School of Electrical 2012, and Engr Tayyaba dered in enabling them to planned: PPP SMEDA'S services for SMEDA'S marketing chief and senior officials SMEs for a strong strategy and the CBWG of SMEDA and Allied NAB has decided to chal- Engineering and Computer Naz of MS-IT batch-2014. materialize their long-cher- KARACHI: Pakistan SMEDA capable of sector will recommend the Bank are members of the lenge former petroleum Science (SEECS), at the In the discipline of ished dreams. People's Party (PPP) on university's main campus Computer Science, Highlighting the NUST promotion and develop- requirements of SMEDA technical and task com- minister's medical report in Wednesday contradicted a on Wednesday. President's Gold Medals achievements, the Rector ment on modern lines, to the technical commit- mittees. The exercise will the court. news item that Chairman The degrees were award- were awarded to Engr Atif said, "The University had says a Press release. tee. be led by Alamgir Dr Asim was shifted to Bilawal Bhutto Zardari ed in the disciplines of Riaz of MS-CS batch-2011, grown at Godspeed in its Zulfikar Thaver chair- The Union of Small and Chaudhry general manag- Intensive Care Unit ward will replace Syed Electrical Engineering, Osama Haq and Bushra size and stature, which was man CBWG said at the Medium Enterprises er SMEDA and will sub- (ICU) at National Institute Khursheed Shah as Information Technology, Qadir of MS-CE batch- manifest in its coveted posi- behest of SMEDA it will (UNISAME) has always mit its report to the techni- of Cardiology where med- Leader of the Opposition Computer Science, 2012, Engr Muhammad tion among the global lead- also consider establish- demanded a strong cal committee under the ical staff said that the in the National Assembly. Computer and Zeeshaan Nawaz of MS-CS ers in higher education." ment of SME SMEDA and increase in NFIS. patient needs to go abroad Communication Security, batch-2013, and Asma He made special mention In a clarification state- for proper treatment. Information Security, and Hamza Bhatti of MS-CS of NUST's ranking among ment, the spokesman of Sources told that NAB Innovative Technologies in batch-2014. the world's elite 100 univer- Bilawal House said, Advisory body has formed a legal team that Education. In the discipline of sities under the age of 50. "PPP leadership was not will collect all the evidence Rector NUST Lt Gen Computer and He also commended planning to change the to be formed and proofs. The bureau's Naweed Zaman, HI (M), Communication Security, Principal SEECS and his Opposition leader in the officials said that influential (Retd), presided over the President's Gold Medals faculty for their conscien- National Assembly." - for Overseas suspects use such kind of convocation. Besides, the were awarded to Engr tious efforts to ensure quali- NNI excuses to escape from the ceremony was attended by Ayesha Kanwal and Engr ty teaching and state-of- Pakistanis case. distinguished guests from Rizwan Muhammad of the-art research. ISLAMABAD: Overseas The former petroleum academia, government MS-CCS batch-2011. In the Addressing the students, Bank holiday Pakistanis Foundation minister is facing different departments, corporate cen- subject of Information the Rector advised to be (OPF) has approved the corruption references in ters, and the parents of Security, President's Gold inquisitive in their approach constitution of seventy graduating students. Medals were awarded to to life, and seize every on January 2 accountability court (AC) five members Overseas On the occasion, the gold Engr Haleemah Zia of MS- opportunity to improve while a terror case in anti- KARACHI: The State Pakistanis Advisory medals were awarded to the IS batch-2014, whereas, in knowledge. He maintained Council. terrorism court (ATC). Bank of Pakistan on outstanding graduates on the discipline of Innovative that, "Being graduates of The decision was taken One of the references Wednesday announced the basis of their distinctive Technologies in Education, the leading national univer- in the137th meeting of the alleges Dr Asim of Rs 462 that the bank will remain academic performances. In President's Gold Medal was sity, they should willingly closed for public dealing Board of Governors billion graft while the other the Department of awarded to Engr Syed take upon themselves the on Monday, January 2, chaired by Chairman OPF of Rs 17 billion. He is Electrical Engineering, Mustafa Hassan of MS-ITE responsibility of bringing a 2017 which is observed Barrister Amjad Malik in President's Gold Medals batch- 2014. difference in the lives of the accused of having con- as bank holiday. Islamabad. cealed assets, granting ille- were conferred on Engr In his convocation poor, and that they must Addressing the meeting, Hassaan Saadat and Engr address, the Rector NUST empathise with the under- In a statement, the cen- gal allotments, land grab- tral bank said, "All banks the Chairman OPF Board bing, misuse of authority, Mohammad Amir Asim extended his warmest felic- privileged, adding that the Khan Jalwana of MS-EE itations to the degree hold- real fulfilment in life lies / Development Finance of Governors, Barrister fraud and giving illegal Institutions (DFIs) / Amjad Malik said that contracts during his tenure batch-2011, Engr ers, their proud parents and not in the riches but in the Muhammad Abdullah the esteemed faculty. service to fellow beings. Microfinance Finance Pakistani expatriates are in Sui Southern Gas Hanif and Engr Naumana Eulogizing the graduates, Earlier, Principal SEECS Banks (MFBs) shall, playing vital role in Pipelines Limited Ayub of MS-EE batch- he said that, "Graduating Dr Zaidi, welcomed the therefore, remain closed improving the economy (SSGPL). 2012, and Engr from NUST is a matter of guests and congratulated for public dealing on the of the country and they Besides SSGPL refer- Muhammad Nohman Javed great honor and prestige as the graduates and their par- above date." deserve special attention. ence, National of MS-EE batch-2013. it involves a lot of hard ents and faculty. He also "However, all employ- KARACHI: Chairman PPP-P Bilawal Bhutto Zardari The Board also Accountability Bureau In the discipline of work, unwavering commit- presented a brief overview ees of banks / DFIs / and her sister Bakhtawar Bhutto Zardari offering approved twenty names of (NAB) is pursuing money Information Technology, ment and the urge for sub- of SEECS progress and MFBs will attend the Fateha on the grave of their mother Shaheed patent overseas Pakistanis laundering case against the President's Gold Medals lime." He, however, achievements over the office as usual," the Mohtarma Benazir Bhutto at Garhi Khuda Bakhsh, form United Kingdom for former federal minis. - NNI were awarded to Irshad, Ali advised the students to years. - NNI statement said. - NNI here on Wednesday. - APP photo by Nadeem Akhtar the Council. - NNI Govt determined to develop such economy as this model has proved successful in the world Economy on public-private partnership basis: Marriyum ISLAMABAD: Marriyum playing important role in the Speaking at the occasion, not possible to provide jobs to Aurangzeb, Minister of State development of the national Khalid Iqbal Malik, President all youth." for Information, Broadcasting economy and government was ICCI said, "The Ministry of He urged that, "The ministry and National Heritage has said taking many initiatives to cre- Information, Broadcasting and should launch an that government wanted to ate conducive environment for National Heritage should play Entrepreneurship TV Channel develop the economy on pub- business activities." role in highlighting investment to promote entrepreneurship lic-private partnership basis as "Law and order situation has opportunities in CPEC project culture and attract youth this model has proved success- improved, load shedding for at national and international towards business field. This ful in the world. industry has come to zero level level to attract more Foreign way they could become job- She was addressing the while it has been reduced for Direct Investment (FDI) in creators instead of job-seek- members of business commu- other consumers from 16 hours Pakistan." ers." nity at Islamabad Chamber of to 3 hours daily," she asserted. He said, "The ministry He said that ICCI was plan- Commerce and Industry She said, "Prime Minister should set up a CPEC jobs por- ning to organize Handicraft (ICCI) in Islamabad on Nawaz Sharif has inaugurated tal in coordination with and Women Entrepreneurs Wednesday. 340 MW Chashma-III nuclear Planning Commission so that Exhibition in the second half The Minister also said that, power plant at Mianwali which youth could access one point of January and Marriyum "The business community was good news for business for finding out jobs in CPEC Aurangzeb should grace its should partner with the gov- community and assured that projects." inaugural as Chief Guest, ernment in its efforts aimed at government would take more He said, "Businessmen and which was accepted by the accelerating the pace of eco- initiatives for their better- investors have to approach State Minister. nomic growth." ment." various organizations for busi- Khalid Malik Senior Vice She said, "The film industry She said, "The role of busi- ISLAMABAD: President Chamber of Commerce and Industries Malik Zafar Iqbal presenting a ness related information and President, Tahir Ayub Vice offered huge potential to pri- ness community in CSR activ- souvenir to Minister of State for Information, Broadcasting and National Heritage Ms. the ministry in coordination President ICCI, Khalid Javed, vate sector for investment and ities was laudable. She said , here on Wednesday. - APP photo by Irfan Mahmood with relevant government Mian Akram Farid, Mian business ventures and busi- MoIB would consider starting organizations should set up a Shaukat Masud, Nasir nessmen should exploit this programs on entrepreneurship organize a seminar on China awareness about business and National Heritage wants to Business Information Desk to Qureshi, Khalid Chaudhry, potential which will also help on PTV and Radio Pakistan." Pakistan Economic Corridor investment in this historic establish long term relation- provide all relevant business Ms. Fatima Azeem, Ms. film industry to grow and She informed that, "Ministry (CPEC) in January and busi- project." ship with ICCI on business information at one point." Samina Fazil, Ms. Nasira Ali flourish.' of Information, Broadcasting ness community should take "The Ministry of ventures of mutual interests," He said, "Pakistan was expe- and others also spoke at the She said, "Businessmen were and National Heritage would part in this event to get more Information, Broadcasting and she said. riencing youth bulge and it was occasion. - NNI Thursday, December 29, 2016 NATIONAL 3 E-ticketing Experts decode system likely black box, SECP eliciting public to be launched voice recorder in few months of ATR plane comments on draft LAHORE: The traffic ISLAMABAD: The police wardens are now main black box and voice being replaced by recorder of a Pakistan Insurance Bill, 2016 advanced CCTV cameras International Airlines in Lahore which will send (PIA) plane that crashed ISLAMABAD: The insurance companies, Regime and to address the automatic challans over on December 7 near Securities and Exchange insurance brokers, associ- regulatory gaps in existing violating traffic rules. Havelian in Abbottabad Commission of Pakistan ations of insurance sur- law. Keeping in view the District with 47 people on (SECP) on Tuesday, veyors, Pakistan Societies The significant reforms increasing traffic, Punjab board has been deci- December 27, 2016 of Actuaries and the suggested include the government has complet- phered by experts, offi- approved the draft of the Institute of Chartered introduction of dedicated ed preparations for e-tick- cials confirmed on proposed Insurance Bill, Accountants of Pakistan. microinsurers, provisions eting under Safe City Wednesday. 2016 for eliciting public The roundtables were for regulation of takaful Project. According to the same comments for the purpose very well received, as and retakaful, regulation The project had been in ISLAMABAD: Managing Director Pakistan Bait-ul-Maal Barrister sources, the black box of stakeholder consulta- almost 80 officials of the of local and foreign rein- motion for a couple of Abid Waheed and Ambassador of the Kingdom of the Netherlands Ms. and voice recorder of tion, says a Press release. aforementioned compa- surance business for months, pending Chief Jeannette Seppen talking with a thalassemia child under treatment at ATR-42 aircraft has been Earlier, the Finance nies/institutions were enhancement of local Minister Punjab Shahbaz Pakistan Thalassemia Centre, here on Wednesday. - APP photo sent back to Pakistan Minister, , was present and shared their capacity, regulation of Sharif's approval. It has from France after the briefed by SECP about to views in respect of the reinsurance brokers, flexi- been given the go-ahead experts did the decoding. the changes required in proposed framework both bility for introduction of from official quarters The completion of the the insurance regulatory during the roundtables new intermediaries, intro- finally and expected to be IIUI Lecture: Scholars decoding process would framework. The Finance and subsequently in the duction of concept of web seen in action in the next also facilitate teams prob- Minister had advised to form of written com- aggregators, insurance few months. ing the deadly crash start nation-wide consul- ments. repository, require insur- The system will monitor urged to play role including a special team tation with stakeholders The draft Bill aims to ers to develop and offer any irregular behavior of the France-based tur- on the proposed insurance provide the conducive certain insurance prod- including wrong U-turns, boprop aircraft manufac- regulatory framework. regulatory environment to ucts, provision for intro- breaking the signal or turer ATR, aircraft's Accordingly, in October encourage market devel- duction of industry wide accidents. The photo of against radicalisation engine manufacturers 2016 the SECP held con- opment, strengthen the guarantee fund to address the incident and number Pratt and Whitney and the sultative roundtables in regulatory framework to systemic risk, requirement plate along with challan ISLAMABAD: A lecture extremism" said Masood tained. He continued that Safety and Investigation the cities of Karachi, ensure alignment with the of "appointed actuary" will be dispatched to the on "radicalization, Ahmed. He added that problems of associating Board (SIB) of the Civil Islamabad and Lahore Insurance Core Principles and product filing for non- culprit through courier extremism and preven- active role of media and extremism and radicaliza- Aviation Authority with the insurance sector (ICP) of the International life insurance. service. tion" was held at Islamic scholars is neces- tion to Muslims will pre- (CAA) with their individ- stakeholders. Association of Insurance This shift to the risk On the other hand, sen- International Islamic sary to deal with the nega- vail unless they do not ual investigations. The proposed reforms Supervisors (IAIS), based supervision (RBS) ior member at University, Islamabad tive propaganda spread identify and take signifi- A PK-661 flight carry- were shared with the address entity specific and and risk based capital Management Unit Salman (IIUI) where keynote against Islam. He called cant steps in this regard. ing 47 people including stakeholders in the form systemic risks by phased (RBC) will improve Sufi has directed the peo- speaker called upon for meaningful dialogue In his speech, IIUI famed singer-turned- of a comprehensive con- shift towards Risk Based image of the insurance ple to remove number Muslim societies to with a range of people President said that Islam preacher Junaid Jamshed cept paper. The roundta- Supervision (RBS) and inter- plate at the time of selling improve literacy rate and especially in west regard- is staunch supporter of issued a 'Mayday' call on bles were attended by Risk Based Capital (RBC) nationally. their vehicles so that the urged for active role of ing causes and solutions peace. He said that there is December 7 before losing buyer would get it regis- Islamic scholars for dis- of radicalization and no place for extremism radar contact and crash- Asian Junior Throwball Championship begins in Malaysia tered at his name. semination of Islam's true extremism. and violence in Islam. He ing into a mountain, The e-ticketing system image, says a Press He opined that Islam's was of the view that edu- killing everyone on would further help in release. view of peace must be cational institutions can board. decreasing crime rate in The lecture was deliv- reached to the people of play pivotal role in dis- Engine trouble was ini- Pak girls lose to India, the city. - NNI ered by Masood Ahmed, western world. He fur- couraging radicalization. tially believed responsi- Director of Community thered that inadequate He added that Muslim ble, but many questions Electricity, Welfare and Development knowledge of religion, scholars should come for- remain, stirring new wor- of Muslim Hands, while it ignorance of the prevail- ward to guide youth and ries about the safety beat Malaysia 2-0 gas shortage was organized by Iqbal ing circumstances and they should urge young record of PIA. International Institute for identity crisis are lading minds to decorate lives The aircraft appeared to irks residents Research and Dialogue of factors which lead to with Islamic teachings. have suffered a failure in the university. It was extremism and radicaliza- Earlier, Dr. Husn ul one of its two turboprop of twin cities presided over by President tion. "Linkage of acade- Amin, in his welcome engines just before the IIUI Dr. Ahmed Yousif mia and religious scholars address, appraised that crash, to be confirmed by RAWALPINDI: Low gas Al-Draiweesh. can provide positive audience about the pro- the investigation. - NNI pressure and unscheduled "Education is ultimate results in fight against gram and IRD's role in electricity load shedding solution to the menace of extremism" he main- society service. for long hours have irked Bilawal invites the lives of residents of Rawalpindi and Islamabad suggestions for miserable. Experience Pakistan Electricity outages for Punjab rallies' up to eighteen hours have schedule adversely affected the MALAYSIA: The three- India, 4. Pakistan, 5. beat Malaysia, 2-0 Sets. commercial activities in project to be launched LAHORE: Chairman of day Asian Junior Throwball Bangladesh, and 6. Dato Sri Mustapa Kamal the twin cities. Pakistan People's Party Championship 2016 began Indonesia. Bin Maulut, President The residents of Dhok (PPP), Bilawal Bhutto Farman Ali, Dhok here at Bidara Court Boys Match: Sri Lanka Asian Throwball Zardari on Wednesday Selanyang Selangor, beat Malaysia, 2-0 Sets, Federation was the Chief Khabba, Dhok Ilahi Bux, in US, says Jilani instructed senior members Nadeem Colony, Arya Malaysia on Tuesday. Six winning the opening Guest at the opening cere- WASHINGTON: The in the letter. sors and participants will of the party to recommend teams participating in the match. mony that was held in a Muhalla, Chamnzar a schedule for rallies Colony, Glass Factory, Pakistan Embassy in He said that Pakistan's be required to bear a reg- championship are: 1. Girls Matches: India beat very colorful atmosphere in Washington has potential to achieve opti- istration fee. In the first across Punjab. Malaysia, 2. Sri Lanka, 3. Pakistan, 2-0 Sets; Pakistan Malaysia. Sadiqabad, Muslim Town, Reportedly, in the first Chah Sultan, Amarpura, announced to launch mal and sustainable phase of the Project, 50 Experience Pakistan proj- growth is hampered by participants will be divid- phase of anti-government Waris Khan, Dhok movement, PPP will lead Culprits sold aftershave lotion as alcohol to TTS victims Hasssu, Pir Wadhai, Fauji ect in the United States to incorrect narratives and ed into five groups and engage Pakistani- distorted image shaped their visits would be protest rallies in central Colony, Dhok Mangtal, Punjab while in the later Afhan Colony, Gulistan American youth as well over time. The negative sponsored through the as Pakistani professional external influences have Embassy. half, rallies will be con- Police arrests prime Colony, Tench Bhata, and community organiza- had a direct impact on the All Participants must be vened in other cities. Dhok Chaudhrian, Saham, tions to realize the poten- nature and scalability of of Pakistan-origin, should Bilawal has begun to Adiala Road, Misrial tial of overseas available development fall in the age group of 18- deliberate over the move- Road and surrounding Pakistanis. channels. 26 years and must have fin- ment with PPP's senior areas have complained suspect, accomplice Under the project, the It is, therefore, a priori- ished at least high school members for its success. about the gas shortage. Embassy of Pakistan ty of government of education by the time their Leadership of people's Talking to media, local TOBA TEK SINGH: tion's storehouse. (DPO) Toba Tek Singh would arrange group vis- Pakistan to ensure that the trip to Pakistan departs. party has decided to residents of Rawalpindi Police officers on Residents of the area on Wednesday revealed its of Pakistani-American country's strengths and The participants would approach different opposi- Farrukh, Mohsin, Shakeel, Wednesday arrested alleged that Sawan that the suspects sold youth to Pakistan at fre- full potential are har- be required to offer their tion parties to gain sup- Anwar and others said that prime suspect Sawan Masih, a sweeper at the aftershave lotion as quent intervals. The par- nessed, he added. input on how we can port. Sources privy to the Masih and Adeel in poi- Chuttiana police sta- liquor that claimed lives their lives were distressed ticipants of the pro- The project is initiated jointly improve coopera- party have reported that sonous liquor case that tion, had sold the liquor of 35 people. due to low gas pressure gramme would be provid- by the Ministry of tion between Pakistan and schedule and locations of claimed lives of 35 peo- to Sajjad Masih, a dis- Addressing a press coupled with electricity ed unique opportunities of Planning and develop- the United States. They rallies in central Punjab load shedding. experiencing various ment and reform, in light would be asked to identify would be finalised within ple in Toba Tek Singh. trict police lines sanita- conference, DPO said The helpless residents dimensions of rising and of Pakistan Vision 2025. channels through which coming few days. According to details, tion worker. that the deaths were are compelled to cook modernizing Pakistan in The "Know your roots" they can contribute for the Meanwhile, Bilawal has security forces Ruling party's MNA caused by gulping after- food and complete other its cultural and historical project aims to proactive- betterment of Pakistan. directed the members to launched crackdown Khalid Javed Warraich shave lotion not liquor. chores at late hours from perspectives. ly engage the young Their inputs in the form of prepare for the coming against the sale of toxic has called for stern He also claimed to 12 am to 4 am as the gas In a letter sent to mem- Pakistani Diaspora all ideas on how Pakistan's General Elections in 2018 liquor and detained key action against SHO have launched raids for pressure increases during bers of Pakistani diaspora over the world, as well as national policies on the and organise the party. suspect. Younas Gujjar. the detention of the cul- this time. - NNI in the US, Ambassador Pakistani professional issues of national impor- Earlier on Tuesday, co- On the other hand, Meanwhile, emer- prits however, prime Jalil Abbas Jilani asked and community organiza- tance could be improved chairman of PPP, Asif Ali initial investigation gency is still imposed in suspect Sawan Masih APHC warns the community to join the tions. The project aims at would be welcomed. Zardari announced to con- report submitted to the District Headquarters among five others have programme and encour- connecting the young Following the visit, they test for seat in the incum- Chief Minister states Hospital as death toll been arrested. Kashmiris to aged the young Pakistani Pakistani-Americans to would be expected to bent parliament from that police confiscated continues to mount. So The police office also remain cautious American to avail them- Pakistan. project a better and posi- Nawabshah constituency. alcohol two months ago far, toxic liquor has presented detainees selves of this unique The Pakistani- tive image of Pakistan by Announcement regarding and allegedly sold it to consumed 35 lives. before the media. SRINAGAR: In occu- opportunity to visit and American youth would be becoming brand ambassa- Bilawal Bhutto Zardari s culprits on Christmas DHQ MS Mohammad Earlier, Bishop Joseph pied Kashmir, the All experience Pakistan for able to visit various cities dors of Pakistan. The introduction to parliamen- eve. Bishop Joseph Asif Saleemi told that a Arshad said he had been Parties Hurriyet themselves. of Pakistan and interact groups under the Project tary politics was also Arshad said he had been total of 149 people were informed that the liquor This will be a major with senior government would form an Alumni Conference (APHC) on made. informed that the liquor affected. was brought from the public diplomacy initia- representatives and other Network which the future Wednesday urged the Bilawal is to contest for was brought from the Meanwhile, the Chuttiana police sta- tive, aimed specifically to important institutions. batches could be engaged Kashmiri people to a seat in the parliament Chuttiana police sta- District Police Office tion's storehouse. - NNI remain cautious about engage with Pakistani- The project will be to further the mission. - from Larkana constituen- deceitful politics of the American youth, he wrote financed through spon- NNI cy. puppet rulers. Bilawal's introduction The APHC in a state- Farmers worry as delay in ment issued in Srinagar to parliamentary politics said, the Kashmiris to take and announcement of an notice of the atrocities anti-government move- rain hits wheat crop hard being perpetrated under ment has come in after the garb of "Battle of Asif Ali Zardari returned LAHORE: Farmers in Khan, Toba Tek Singh, their strength. Ideas" and said that thou- from Dubai earlier this Punjab have landed in a Sahiwal, Rajanpur, Pakpattan's landowner sands of ailing, elderly and month after 18-month worrisome state after no Pakpattan and Bhakkar says that if such condi- teenagers were languish- long self-imposed exile. signs of rain occurred till has intensified the troubles tions persist then there is a ing in detention centers. PPP had demanded the date. of the farmers as the crops possibility that 400kg per Meanwhile, the APHC federal government to Farmers have said that have begun to destroy. acre less wheat will be Chairman, Syed Ali meet its four demands to any delay in rain will have Closure of canal water produced. Gilani, in an interview avoid protests and rallies the worst impact on the has maximized the fears of Punjab is known for pro- said that there was no dif- however, a formal wheat yield in the rain-fed farmers as they have no ducing wheat but if the ference between National announcement was made areas. Meteorological idea how to deal with the year goes away without Conference and Peoples by chairman of the politi- department has forecasted drought-like situation. any rain then the crops Democratic Party as both ISLAMABAD: Ambassador of France Mrs. Martine Dorance in a cal organisation on no possibility of rain in the Water from tube well is will be destroyed and the parties were collabora- meeting with Federal Minister for Petroleum and Natural Resources, Tuesday after the deadline next week. their last hope but its farmers will suffer a great tors of India. - NNI , here on Wednesday. - APP photo expired. -NNI No rain in Rahim Yar expenditure is beyond loss. - NNI 4 Thursday, December 29, 2016

The Financial Daily International Editor-in-Chief: Azfar Ashary Bibi goes ballistic Editor: Shakil H Jafri Mahir Ali notably in seeing Iran as the main region- The envoy's days are anyhow num- lofty declarations against the settlements, Executive Editor: Manzar Naqvi al threat and not giving a damn about bered. President-elect Donald Trump calling the Israeli-Palestinian peace an Resident Editor (Islamabad): Munawar Naqvi ne of the all too few redeeming Palestinian rights or aspirations. intends to replace him with David 'American interest'. But beyond partial Editor-at-Large: Muhammad Arif features of the exceptionally The passage of Resolution 2334, with Friedman, a financial contributor to steps that achieved nothing and pointless Odismal year now passing into 14 votes in favour and one crucial absten- Israeli settlements in occupied territories speeches, he didn't even once use his Honorary Advisory Board history has been Benjamin Netanyahu's tion, has meanwhile afforded a new lease who stands several paces to the right of presidential clout to realise the two-state Tariq Iqbal Khan, FCA Amir Abbas Ashary relentless tantrum over a United Nations of life to the beleaguered Palestinian Netanyahu, and who has been unstinting solution." Haseeb Khan, FCA Nuzaira Azam (U.S.A) Security Council resolution. Authority president Mahmoud Abbas, a in directing his bile at American Jews It is fairly obvious that the settlements, All that he wanted at this gift-giving steadily mounting number of whose con- who do not blindly back the Zionist proj- which have expanded exponentially since Asim Abbas Ashary, CPA Prof. Zakaria Sajid (KU) time of year was a wretched veto, which stituents have lately favoured a change at ect. Trump has, at the same time, indicat- the US last backed a Security Council res- Dr. A. Hadi Shahid, FCA Hasan Raza Jaffary has been the norm for close to 40 years. the helm. ed that he is keen to impose an Israeli- olution condemning their illegality - back S. Muneer Hussain Rizvi Ismat Sabir But this time Uncle Sam unexpectedly Israel has long behaved like a spoilt Palestinian agreement. But then, the in 1980, when the president was Jimmy said no, providing the cue for an almighty child. man's delusions know no bounds. Carter, who last week called on the Head office gnashing of teeth and stamping of feet, Now he is suddenly garnering gratitude After being approached by the Israeli Obama administration to formally recog- 111-C, Jami Commercial Street 11, Phase VII, DHA Karachi with tears and swears and indignant blobs and praise from his militant rivals, after lobby, he strove assiduously to prevent an nise the Palestinian state - have pretty Telephone: 92-21-35311893-6 Fax: 92-21-35388428 of snot flying in every direction. the Palestinian delegation to the UN con- American abstention in the Security much thwarted any prospect of a two- URL: www.thefinancialdaily.com The reaction should not have surprised tinued lobbying hard for a resolution even Council. Having failed, he declared via state solution. The only alternatives are a Email Address: [email protected] anyone. After all, Israel has long behaved after a key sponsor, Abdel Fattah el-Sisi's his favoured policy-pronouncing plat- meaningful multinational democracy, or Lahore office like a spoilt child, and its favourite uncle Egypt, got cold feet last Thursday, follow- form, Twitter, that things would be differ- an apartheid state whose contours are 24- Peshawar Block, Fortress Stadium, Lahore has invariably been excessively indul- ing entreaties (and possibly threats) from ent from Jan 20. already well established. Telephone: 92-42-6675595 Fax: 92-42-6664349 gent. Lethal toys have flowed its way for Israel. Four other Security Council mem- That's inevitable, and it ought to be a Can the UN resolution, which the US Email Address: [email protected] decades, and more than half the vetoes the bers from different continents were per- monumental worry. This does not mean, could not muster the courage to vote for, US has deployed in the Security Council suaded to step up to the mark. however, that Obama's depressing record make a difference? Will it make Israel since the UN's inception were aimed at Israel has consequently called back its on the Israeli-Palestinian issue should be more culpable in the eyes of the deflecting international criticism of its ambassadors to New Zealand and Senegal glossed over on account of a partially International Criminal Court at The Regulatory delinquent nephew. (it doesn't have diplomatic relations with welcome but largely meaningless gesture Hague? Will the overwhelming majority Notwithstanding the personal tensions Malaysia and Venezuela), and cut off aid from a lame-duck administration. As Aluf of the world's nations that recognise the between Netanyahu and Barack Obama, to the latter. What's more, the ambassa- Benn, the editor-in-chief of the settlements as illegal proceed to the kind unprecedented military assistance has dors of all the Security Council member redoubtable Israeli newspaper Haaretz, of sanctions that signalled the demise of flowed to Israel under the latter's admin- states represented in Tel Aviv were sum- pointed out last Saturday, "Obama is wor- South African apartheid? bodies istration - just as it has, mind you, to moned to the foreign ministry for a thy of honorary membership in the Yesha Don't hold your breath. But relish the Saudi Arabia. But then, lately the two Christmas Day dressing-down, except for Council, the Israeli settlements' umbrella spectacle of an unnerved Netanyahu's Prime Minister Nawaz Sharif took a major policy decision nations have been increasingly less reluc- the US envoy, who had earned the privi- organisation, as well as the Likud central histrionics. -Courtesy: Dawn and transferred the administrative control of five key regu- tant to acknowledge that they are effec- lege of a personal diatribe from committee… latory bodies to the respective ministries. The National tively on the same page in many ways, Netanyahu. "Obama assumed the presidency with [email protected] Electric Power Regulatory Authority (Nepra) had been given under the control of the Water and Power division, Oil and Gas Regulatory Authority (Ogra) under the Petroleum and Natural Resources division, Pakistan Blood and benefits – Duterte imposes Telecommunication Authority (PTA) and Frequency Allocation Board (FAB) under the Information Technology and Telecom division and the Public Procurement Regulatory Authority (PPRA) under the Finance Division. his formula on Philippines These regulatory bodies were given under the cabinet divi- Manuel Mogato, Karen Lema, David mayor, most victims were drug users, petty budget of 8.3 billion pesos ($167 million) issue peremptory corrective orders. It sion by various governments in the past to ensure that they Lague & Neil Jerome Morales criminals and street children. Most were for 2017 to provide free tuition at all state became a must for city officials, including either shot or stabbed to death in vigilante- colleges and universities. He sent his health the local police, to listen and watch his enjoyed independence in decision-making instead of being odrigo Duterte has kept his word. style killings, CASE said. minister to Cuba in August to study its Sunday program: They would not want to subservient to the ministries for routine administrative In a 2009 report, the international advoca- national health system. And in recent miss his on-the-spot instructions, usually issues like approval of leave, visits abroad and appoint- R cy group Human Rights Watch (HRW) iden- speeches, Duterte said he had released 2 bil- delivered with curses and rebukes. "Forget the laws on human rights," he tified a consistent failure by police to seri- lion pesos from the regulatory agency that Everywhere in the city there is evidence ments. The prime minister was advised that he had the pow- declared in May at his final presidential ously investigate these killings. Police in operates most of the country's casinos. This of the personality cult he fostered. At one of ers under the rules of business to take decisions on the campaign rally in Manila. "If I make it to the Davao, helped by neighborhood leaders, would be split evenly between drug rehabil- the more popular restaurants, Marina Tuna, issues relating to "allocation of business/charge or respon- presidential palace, I will do just as I did as drew up lists that were used by death squads itation and subsidies for poor families which specializes in the fish for which the mayor. You drug pushers, hold-up men and to target their victims, HRW alleged. The unable to afford prescription drugs. city is known, a Duterte cut-out greets sibilities" of the federal ministries under Rule 3(3) of the do-nothings, you better go out. Because, I'd rights group also reported that acting and Duterte inherited a strong economy. To guests on the entry stair. The markets are Rules of Business, 1973 while matters relating to "transac- kill you." retired police officers worked as "handlers" boost growth further he pledges to bolster full of Duterte memorabilia and T-shirts. More than seven months after winning the for death-squad gunmen in Davao, giving infrastructure spending and lift caps on for- With echoes of Maoist China, a national tions" of the federal government could be decided by the presidency, Duterte is rolling out on a them names and photos of targets, an allega- eign ownership. He has also vowed to "learn from Davao" movement is under cabinet, the CCI or parliament, as the case might be. national scale the model of government he tion denied by Davao police. increase competition in markets dominated way. Delegations of visitors from around Many are of the opinion that the government is moving to honed over 22 years and seven terms as Duterte denies playing any part in the by monopolies and duopolies, signaling a the country fly in to study the city's blue- mayor of this city on the southern island of activities of the so-called death squads in willingness to take on the business elite. print for order, growth and development, capture the regulators and influence the decisions they Mindanao. Just as in Davao, blood is now Davao. Still, there are signs it might be difficult to local officials say. Overwhelmed with up to make. Take the example of Nepra, one of the five regula- flowing in the capital Manila and surround- The president has faced probes into the impose his vision on a far-flung nation 22 groups visiting a day, a U.S.-style 911 tors. This is the statutory body that determines which ele- ing areas as the police and vigilantes, killings in Davao and since he took office in where checks and balances on executive emergency response center built by Duterte inspired by the president, conduct a wave of July, and none has proven he was responsi- power are well established. was forced to restrict access, according to ments of their costs can be considered expendituture and killings. ble, a spokesman for Duterte said in The management of the Energy operators at the center. which can be passed on to power consumers. A separate A Davao-based human rights group, the response to questions from Reuters. The Regulatory Commission is still in office. Poverty levels in the Davao region, which statutory body, empowered to make its decisions Coalition Against Summary Execution president's critics "keep on picking on alle- They refuse to resign, instead calling for an includes the city, are down, and in 2014 the (CASE), has compiled figures showing that gations of human rights violations," he said. impartial inquiry into the suicide. The com- region grew 9.3 percent - a statistic Duterte autonomously through proper transparency safeguards, is death squads in the city were responsible for "If anyone is eroding democracy, it must be mission is a quasi-judicial body established often cites when he boasts of his hometown. required to wield such powers. Nepra opposed the profound at least 1,400 documented killings between the rabid opponents who up to now cannot by law, so legislation would be required for He usually follows this with a reminder that amendments in the Nepra Act, 1997. It argued that any such 1998 and 2015. Scaled up, Duterte's war on accept defeat and respect the results of elec- Duterte to scrap it. it is safe to walk the streets at night. This drugs is now well under way across the tions." Back home in Davao, bureaucrats rarely security, he says, created the conditions for attempt would destroy the autonomy of the regulator and nation, and the body count is setting records. SHOCK AND DISAPPROVAL defied a mayor known as "the Punisher." investment and growth. reduce its role. These amendments included (a) power of Police have killed more than 2,000 people But a similar pattern of violence is re- Duterte's power remains grounded in this The city hosts a thriving business process the federal government to issue binding directives to Nepra, since he was inaugurated on June 30, and emerging nationally. In October, Reuters city, where his word virtually became law. outsourcing industry providing call centers, are investigating about 3,000 more deaths. revealed the key role that neighborhood His daughter, Sara Duterte-Carpio, is now telemarketing and online language tutoring (b) reducing its enforcement power with respect to govern- Human rights monitors believe many of "captains" across the nation are playing in mayor. His son, Paolo, is vice-mayor. for local and foreign companies. Local out- ment-owned companies, (c) depriving Nepra of its adminis- these were carried out by vigilantes with the drugs war. Many of the victims killed by Even after moving in to Malacanang, the sourcing-business owners give Duterte trative and operational autonomy, (d) reconstitution of the official sanction, a charge the government law enforcement officers or vigilantes presidential palace in Manila, Duterte and credit for providing the environment for denies. appeared on police "watch lists" that these his entourage fly to Davao every week. "We growth. They say the city is safe for their authority by doing away with provincial representation, (e) In Davao, Duterte built a personality cult low-level officials are helping to compile. A are now the Malacanang of the south," says mostly young employees to commute to determination of tariff components vs determination of tar- around his crackdown on crime. Part Mao, later Reuters investigation amassed evi- Davao businesswoman and Duterte support- work at all hours. iff, (f) doing away with the licensing regime and (g) intro- part Castro, part gun-toting Filipino war- dence that suggested officers were summar- er Belinda Laya-Torres. "He feels at home "We need parents to be comfortable that lord, the avowedly socialist mayor ruled his ily gunning down drug suspects and per- here." young people can go out at 10 p.m. and duction of Appellate Tribunal, etc. Nepra has also com- city as a lethal enemy of wrongdoers and a forming perfunctory crime-scene investiga- VIGILANTE-STYLE KILLINGS come home early in the morning," says plained that draft amendments as proposed before the CCI champion of the poor. His salute was a tions and autopsies. Duterte became mayor in 1988, two years Michael Bian, chief executive officer of a clenched fist - a symbol now emblazoned on "When will these killings stop?" said after the fall of President Ferdinand Marcos. growing outsourced service provider, Six were not even shared with it although it had a long experi- souvenir mugs and other Duterte memora- Congressman Gary Alejano, a former mili- The coastal city was at the center of a com- Eleven Global Teleservices. ence in the field. The present amendments had been pre- bilia. tary officer and strong critic of Duterte's munist insurgency that had erupted against Davao business people and officials also sented to the CCI in undue haste for approval in the absence But there is another ingredient in Duterte's methods. "The purpose of the war on drugs the Marcos regime. New People's Army credit Duterte with having the confidence to appeal that makes him a more complex is to stifle opposition and castrate dissent. It rebels were using the city as a testing delegate to experts. He has adopted the of a process of meaningful stakeholder consultation. The leader, and a potentially more potent one, is working." ground for urban guerrilla warfare; assassi- same approach as president, business lead- views expressed by Nepra is required to be analyzed thor- than is appreciated abroad: The people of A growing chorus of shock and disap- nations, bombings and disappearances were ers say, appointing experienced economic oughly by all the respected stakeholders, particularly the Davao say he gets things done. Residents proval has included warnings from senators common. In a vicious war of attrition, the managers. laud his handling of city services. that there are grounds for impeachment over rebels targeted police, the military and local "He has surrounded himself with a very related ministries of the government in order to maintain the Businesses praise his pro-growth policy. A what Duterte's critics say are extrajudicial officials, while the authorities hit back at good team. They are doers," says Ebb level of autonomy of Nepra. top official at the American Chamber of killings. But the president is pressing ahead. suspected communist sympathizers. Hinchliffe, executive director of the Sindh Chief Minister Syed Murad Ali Shah condemned Commerce in the Philippines applauds his Right now, an impeachment motion seems Some locals say when Duterte came to American Chamber of Commerce in the team of economic advisers. unlikely. Duterte's supporters control both power, he proved to be more effective in the Philippines. "Thank God, he leaves them the government's decision to give the administrative control Samuel R. Matunog, a Davao lawyer, houses of Congress, and his popularity use of violence than the rebels or criminals. alone." of five autonomous regulatory bodies to related ministries. businessman and human rights worker, remains high. An opinion poll published by In its 2009 report, Human Rights Watch dis- SECURITY THREAT He said that the power of placing regulatory authorities strongly rejects Duterte's support for vio- the Social Weather Stations research agency cerned a pattern in the vigilante-style Local business leaders and officials lence and killing. But he acknowledges in December showed 77 percent of Filipinos killings during his rule. acknowledge that the city of Davao still has under ministries concerned lies with the Council of there are elements of his administration were satisfied with Duterte's performance. "The assailants usually arrive in twos or a long way to go. Common Interest (CCI) but surprisingly the prime minister worthy of support. "There are so many It was his promise to spread his city's anti- threes on a motorcycle without a license Apart from a few gleaming modern malls, took this decision, ignoring an input from the provincial things that he does that I like," he says. corruption and law-and-order policies plate," the monitoring group wrote. "They most of the commercial areas and residen- "Most important to him is the basic welfare across the country, political analysts here wear baseball caps and buttoned shirts or tial neighborhoods are full of ramshackle governments. The government's decision to transfer admin- of working people." say, that endeared him to millions of jackets, apparently to conceal their weapons buildings packed along narrow, bumpy istrative control of the regulatory bodies from the cabinet With the national levers of power in his Filipino voters. He tapped into disgust with underneath. They shoot or, increasingly, roads. Tin shacks on stilts line fetid water- division to the parent ministries is unconstitutional and will grasp, Duterte is trying to apply to the the nation's political elite and the failure of stab their victim without warning...as quick- ways. Public transport is limited and the Philippines, a nation of 101 million people, successive governments to tackle poverty ly as they arrive, they ride off - but almost drainage system is widely acknowledged to have a negative impact on the end consumers and business the same recipe of fear and populism that he and inequality despite years of robust eco- always before the police appear." be inadequate, according to local business environment in the country. Legal and regulatory experts, employed in his efforts to tame Davao, a nomic growth, they say. Alongside the crime crackdown, Duterte people and international development agen- economists, provincial government officials and political city of 1.6 million. The 71-year-old former prosecutor revels built support with his man-of-the-people cies. 'A BIGGER DAVAO CITY' in reminding his countrymen that he is a persona. He is perceived as frugal and plain- Public security inside the city limits is parties have expressed serious reservations over the govern- To advance the drug war, his political man to be feared. As mayor, Duterte living. The home where he still lives when dramatically improved compared with the ment's decision of transferring administrative control of the allies have introduced legislation to bring declared on December 16, he even shot in Davao is an unassuming two-story prop- 1980s. But Davao still ranks first among 15 back the death penalty - and to lower the age three criminals himself during a police oper- erty behind a green metal gate. He eats at Philippine cities for murder and second for regulatory bodies to the parent ministries/divisions. The at which people can be prosecuted for ation. "I said I killed about three of them," unpretentious restaurants and is fond of the rape, according to police crime data from decision of transferring the administrative control of the crimes to just 9. Meanwhile, he is promising he said. "I didn't really know how many bul- strong-smelling fruit durian. 2010 to 2015. And a dire security climate regulatory bodies, particularly NEPRA and OGRA, from a raft of measures certain to please wage lets from my gun went through inside their As mayor, he also slashed red tape. across most of the rest of Mindanao, where earners and the poor - including free tuition bodies." Applications for most permits and approvals separatist and terrorist groups remain the cabinet division to their parent's ministries/division is at state universities and colleges, and free In Congress, his allies are determined to must be decided within three days, local active, poses a serious threat to efforts for against the article 54 of the Constitution. The 18th irrigation for rice farmers. He also wants to push through the bill that would lower the officials say. In the city tax office, fans rat- further development. Constitutional Amendment Act, Article 154 (1) clearly stat- replicate features of the Cuban health sys- age of criminality from 15 to 9. The legisla- tle in the brightly lit public areas where A bomb detonated in a crowded night tem. tion is necessary, they say, because young many of the service windows are open market in Davao on September 2, killing 15 ed the Functions and Rules of Procedure of the CCI. "The The task of managing the more than $300 children are involved in the drug trade. through the lunch hour. The schedule is people and injuring dozens. Authorities say Council shall formulate and regulate the policies in relation billion national economy dwarfs any chal- It wouldn't be the first time children have meant to minimize waiting time. Duterte the suspects arrested for the bombing to the matters in Part II of the Federal Legislative List and lenge Duterte faced in Davao, to be sure. been caught in a Duterte crackdown. In says he hates seeing citizens queuing. belonged to a radical faction of a Muslim While his war on drugs is well advanced, his Davao, CASE said it documented 132 inci- Rules and regulations were strictly rebel group. shall exercise the supervision and control over the related promised economic reforms have barely dents of children aged 17 and younger who enforced. Firecrackers, dangerous but very In an interview with Reuters during the institutions. Oil & Gas and Electricity are under Section 2& started. it says died in vigilante-style killings popular in the Philippines, are outlawed, a election campaign, Duterte explained his 4 of the Part II of the Federal Legislative List therefore, "He wants to make the Philippines a big- between 1998 and 2015. policy Duterte promises to enforce nation- vision for how law and order are essential ger Davao City," Jesus Dureza, one of CHECKS AND BALANCES wide next year. Smoking in public is to prosperity. OGRA and NEPRA need to be under the supervision and Duterte's closest advisers, said in an inter- As president, Duterte has continued to tar- banned. Jaywalkers face $4 fines and orders He arrived in his trademark jeans, open- control of CCI, the official said. The government cannot view on the president's plan to boost the get official corruption. While at an econom- to perform community service. Bars and necked shirt and shoes without socks. make any amendments to the Rule of Business in violation economy by eliminating crime and drugs. ic summit in Peru in November, he issued an restaurants must stop serving alcohol at 1 Unlike many politicians, he didn't ask for "But the work is much tougher as corruption order: Launch an immediate investigation a.m. There is a 10 p.m. curfew on unaccom- questions in advance. When he wasn't able of the constitution. The expert said the transfer of adminis- and crime are well-entrenched in Manila, at into the Energy Regulatory Commission. He panied minors. to answer queries about taxes or the budget, trative control will force the regulatory bodies to follow the the national level." had just been briefed on the suicide of a top Despite the strictness of these restrictions, he said so. He took no offence when asked policy guidelines of the government and will be compelled As president, Duterte is continuing his commission official, who was allegedly Duterte is no prude. Prostitution is tolerated about reports of his rumored romances: The take-no-prisoners approach. under pressure to authorize improper deals. with registered sex workers required to government's "bible" is the constitution, he to implement the government decision. In Davao, he shamed civil servants on a On the spot, Duterte demanded the whole- undergo regular health checks, according to said, and it says nothing about womanizing. weekly radio and television program. In sale resignations of the commission's senior a city official. The authorities check to Enhanced security, he said, was the Manila, he has publicly humiliated his most management. ensure they are not working under coercion only way to build a stable economy. Disclaimer: outspoken critic, a senator who led an inves- "I am telling you, I am just a small town or threat. And the city holds a Christmas When asked why people should vote for All reports and recommendations have been prepared for your information only. tigation into extrajudicial killings and now province boy, I really don't like corruption," party for sex workers, the official said. him, he pointed to his achievements in Summary and Analysis are not recommendation to buy or sell. This information should faces criminal charges. And he recently Duterte told reporters in Lima. If the com- PERSONALITY CULT Davao as "exhibit A." only be used by investors who are aware of the risk inherent in securities trading. The demanded the immediate resignation of the missioners refuse to quit, the president "will The mayor enhanced his image with a "It's not for the faint-hearted," he said. "If facts, information, data, indicators and charts presented have been obtained from sources heads of the country's top energy regulatory ask Congress to abolish their positions," a weekly radio-and-television talk show, you are a president and you are afraid of believed to be reliable, but their accuracy and completeness cannot be guaranteed. The body after reports of corruption at the Duterte spokesman told Reuters. "Gikan sa Masa, Para sa Masa" - From the criminals, or you are afraid to kill criminals, Financial Daily International and its employees are not responsible for any loss arising agency. He has also brought his populist econom- Masses, For the Masses. Here, Duterte then you have no business being a presi- from use of these reports and recommendations. In his crackdown on drugs and crime as ics to the capital. Congress has approved a would take complaints from residents and dent." -Courtesy: Reuters Thursday, December 29, 2016 5 ICE cotton Gold prices extend gains inches down Sri Lankan rupee in subdued ends steady after in technical rebound trading BENGALURU: Gold prices rose on Wednesday, ICE cotton futures edged early fall extending gains after it hit lower for the second COLOMBO: The Sri Rupee forwards were wards and the spot rupee a near two-week high in straight session on the previous session, on a Lankan rupee ended active, with one-week were hardly traded, deal- Tuesday in limited holi- steady on Tuesday after forwards closing at ers said. technically-driven rebound day trading, amid a steady in thin volume amid a earlier falling on thin 149.70/150.00 after Some dealers said they dollar. importer dollar demand, falling to 150.00/20 per expect the central bank to slightly weaker dollar. "The market is calm Spot gold was up half a dealers said, even as the dollar earlier in the ses- allow market forces to with minimal activity due percent at $1,143.98 an market looked for cues sion. It closed at determine the rupee's ounce by 0636 GMT. Gold to the holidays," said after the central bank 149.75/90 on Friday. direction next year, while hit its strongest since Dec. Rogers Varner, president said currency deprecia- The markets were others said the bank 14 on Tuesday at of Varner Brokerage in tion was not necessarily closed for a special bank would have to let the cur- $1,148.98. Cleveland, Mississippi. negative for the econo- holiday on Monday in rency depreciate or raise US gold futures also rose Speculators dialed back my. lieu of Christmas holiday key policy rates at a 0.5 percent at $1,144.50 their bullish cotton stance The central bank said on Sunday. "The market monetary board meeting per ounce. for the first time in five in a note on Friday that expects the rupee to be this week. "Currently we do not see weeks, reducing it by "it is important to under- lower than 150 in the The central bank many strong fundamental 9,635 lots to 94,010 lots in stand that depreciation of new year and depreciate increased the spot refer- reasons to push gold prices the week to Dec. 20, U.S. the rupee has not only gradually if the central ence rate by 30 cents to the world's largest gold- US consumer confidence cies, was down 0.1 percent further down. However, Commodity Futures negative implications, bank allows greater flex- 149.10 after the U.S after the Fed conference in backed exchange-traded shot to its highest in more at 102.90. Trading but also positive implica- ibility," said a currency Federal Reserve raised December, there should be fund, fell 0.14 percent to than 15 years in December "We don't think much Commission data some technical rebound in 823.36 tonnes on Tuesday. as Americans saw more will be going on in the tions on the Sri Lankan dealer asking not to be interest rates by 25 basis showed on Friday. economy". named. Spot-next for- points earlier this month. gold prices," said Jiang Holdings are down about strength ahead in business markets for the balance of March cotton contract Shu, chief analyst, 13 percent since the US conditions, stock prices the week. Sharp moves in on ICE Futures U.S. set- Shandong Gold Group. presidential elections. and the job market follow- either direction must be tled down 0.13 cent, or "Since there are a few "Currently there are very ing the election of Donald weighed against the fact 0.19 percent, at 69.74 Wheat, corn to trading days left until the strong expectations of Trump as president in that liquidity remains fairly cents per lb. It traded end of this year we think more rate hikes next year," November. light," INTL FCStone ana- within a range of 69.52 that the rebound will not be said Shu, adding that The upbeat data helped lyst Edward Meir said in a and 70.24 cents a lb. very strong." declining gold prices have underscore expectations note. 1 week highs on bargain Spot gold may bounce to had a negative impact on that the US central bank Silver was down 0.3 per- Total futures market $1,210 per ounce before the bullish sentiment in would raise interest rates at cent at $15.90 an ounce. volume rose by 1,263 to falling towards its Dec. 15 physical gold prices. a faster pace next year, The metal rose nearly 1.5 11,037 lots. Data showed low of $1,122.35 in the The Federal Reserve which lowers demand for percent on Tuesday. total open interest gained buying, soy also firm next three months, accord- raised US interest rates non-yielding assets such as Platinum was up 0.5 180 to 245,056 contracts ing to Reuters technical earlier this month for the bullion, while boosting the percent at $904.70 and in the previous session. CHICAGO: US wheat es that were posted last to reach USDA's target analyst Wang Tao. first time in a year and sig- dollar, in which it is priced. palladium rose 0.5 per- The dollar index was up and corn futures climbed week," Karl Setzer, ana- by Aug. 31," INTL Reflecting bearish nalled three more increases The dollar index, which cent at $674.47, after ris- 0.03 percent. The to one-week highs on lyst with the MaxYield FCStone chief commodi- investor sentiment, assets next year from the previ- measures the greenback ing over 2 percent in the Thomson Reuters Tuesday and soybeans Cooperative in West ties economist Arlan in the SPDR Gold Trust, ous projection of two. against a basket of curren- previous session. CoreCommodity CRB also firmed on bargain- Bend, Iowa, said in a Suderman said in a note. Index, which tracks 19 buying and short-cover- note to clients. Export inspections data commodities, was up 1.17 ing after last week's Large speculators for wheat topped trade percent. declines, analysts said. expanded their large net expectations and corn Won and Taiwan dollar As of 12:05 p.m. CST short positions in CBOT inspections were at the (1805 GMT), Chicago wheat and corn futures in high end of expectations. Soymeal up Board of Trade March the week to Dec. 20, US Traders continue to wheat futures were up 16 Commodity Futures monitor crop conditions touch fresh multi-month lows on South cents, about 4 percent, at Trading Commission in South America. Heavy $4.09-1/2 per bushel, data showed, leaving rains that pelted parts of SINGAPORE: The South raised interest rates for the strategist for Brown cies have declined broadly American after reaching $4.11, the those markets vulnerable Argentina over the week- Korean won and Taiwan first time in a year, and sig- Brothers Harriman in since early November as contract's highest since to bouts of short-cover- end did not reach the dollar set fresh multi- nalled three more hikes in Tokyo. US bond yields jumped on Dec. 19. ing. southeastern part of the month lows on Wednesday, 2017. "It is hard to buy back expectations that Donald weather March corn was up 7 Strong weekly export bread-basket province of after strong US economic While the moves in Asian Asian currencies, given Trump's proposals for cents at $3.52-3/4 a inspections data lent sup- Buenos Aires, where dry- data reinforced expecta- currencies on Wednesday that their economies aren't infrastructure spending and woes bushel and most-active port. The US Department ness is threatening to tions that the Federal were small, they were trad- doing that great, and also tax cuts will boost econom- March soybeans were up of Agriculture said 1.7 dent soybean production, Reserve would be more ing at levels that under- taking into account how US ic growth and inflation. hawkish in 2017. scored their weak tone. yields have risen," he said. Such rises in US bond ROTTERDAM: 18-1/4 cents at $10.15- million tonnes of US local farm weather The won touched a 9-1/2 The Singapore dollar US economic indicators yields increase the dollar's Soymeal on the European 3/4 a bushel. soybeans were inspected experts said on Monday. month low of 1,208.5 per edged up 0.1 percent to released on Tuesday helped appeal and reduce the meals and feeds market "Sharp advances are for export in the latest Argentina aims to US dollar as of 0447 GMT. 1.4491 per US dollar, hav- to underpin the greenback. attractiveness of investing was offered higher on being posted in the mar- week, toward the high increase farm production The Taiwan dollar set a 5- ing set a 7-year low of US consumer confidence in emerging market assets. Tuesday following kets today as month-, end of trade expecta- under President Mauricio 1/2 month low of 32.318. 1.4519 on Tuesday. rose to the highest in more THAI BAHT strength in CBOT quarter- and year-end tions. Macri, who has imple- Both the won and the There are limited reasons than 15 years in December, The baht eased 0.1 per- soymeal futures on the short covering develops. "Shipments to date (for mented a slew of market- Taiwan dollar have come for now to pare back bear- while home prices contin- cent to 36.02. Dollar-sell- back of concerns over Much of this is a simple soybeans) now exceed friendly reforms since under renewed pressure ish bets against emerging ued their steady recovery in ing interest from local weather in South correction from the loss- the seasonal pace needed taking office a year ago. against the greenback after Asian currencies, said October. exporters, however, helped American soybean grow- the Fed earlier this month Masashi Murata, currency Emerging Asian curren- to temper its decline. ing areas. "Prices were mostly window dressing in a very European vegoils-Palm quiet market as many Iran rial hits fresh record low players were absent," one TOKYO: The dollar inched data, which saw core con- on the back of the Trump to inflation and a stronger broker said, adding they oil up with futures on up against the yen and euro sumer prices mark the ninth rally, during which it bene- currency. But a higher dol- hadn't seen a single bid. on Tuesday as some straight month of annual fited from expectations of lar would be a significant South American investors emerged out of the declines in November. higher interest rates to setback to the U.S. econo- soymeal was offered holiday lull to hunt for bar- Movements were limited match the incoming presi- my seemingly in the ending between flat and $4 a export optimism gains as the market entered with financial markets in dent's stimulatory economic stages of an expansion," tonne up from Friday the last trading stretch of the Sydney, Hong Kong and policies. wrote Makoto Noji, senior before the Christmas ROTTERDAM: Palm and 84 ringgit per tonne gain buying sparked by a year. London still closed on But the dollar, which strategist at SMBC Nikko break, tracking firmer oil on the European veg- higher buoyed by data South American weather The euro slipped 0.2 per- Tuesday for the Christmas surged more than 10 percent Securities. CBOT soymeal futures. etable oils market was showing a slower decline market and underpinned cent to $1.0435 after climb- holidays. against the yen since "Therefore, the Trump Bids were scarce and no mostly firmer on in exports and improved by stronger energy mar- ing overnight to $1.0469. "There isn't much in the Trump's U.S. election win administration and the deals were reported. Tuesday, the first trading sentiment for rival oils on kets. The dollar was up 0.3 per- form of fresh incentives in November, has recently Federal Reserve would have EU rapemeal followed day following the Dalian and CBOT. EU rapeoil was offered cent at 117.420 yen after moving the market right lost some of its momentum. to stick to a cautious mone- the stronger trend in Christmas break, as "As is usual between between three and six Malaysian palm oil Christmas and the New euros per tonne up from slipping to a six-day low now. The dollar is seeing Some in the market now tary policy stance to prevent soymeal and was offered near 117.000 the previous some participants buy on expect a deeper downward the dollar from appreciating futures rose on optimism Year business is very Friday, tracking gains in between one and three over exports and due to slow with substantially both CBOT soyoil futures day in reaction to slightly dips that formed as it correction to grip the green- excessively. We thus expect euros per tonne higher. lower U.S. yields. The 10- sagged through the back, with the rise in U.S. a very gradual downtrend strength in rival soyoil. less participants around. and European rapeseed Stronger rapeseed Palm oil was mostly Futures were strong on futures. year Treasury note yield Christmas break," said Koji debt yields slowing and for dollar/yen." futures, tracking stronger rebounded from the previ- Fukaya, president of FPG concerns over Trump's pro- For now the dollar index offered between flat and end-of-year positioning Lauric oils were mostly Chicago soybeans, were $7.50 a tonne up in slow but it did not exert much quoted between $5 and ous day's decline to shore Securities in Tokyo. tectionist statements taking added 0.1 percent to supportive also. Buyers up the dollar. The U.S. currency had some shine off the dollar. 103.100 , clawing back trade as many players excitement in the cash $20 a tonne up due to showed little interest and The yen showed little climbed to a 10-month high "Trump's policies are towards a 14-year high of were bridging between market," one broker said. concerns over the extent reaction to Japan's inflation of 118.660 yen mid-month understood to be conducive 103.650 marked a week ago. no deals were reported. Christmas and the New At 1730GMT CBOT of the damage done by Year. soyoil futures were Typhoon Nok-Ten, which Malaysian palm oil between 0.29 and 0.34 hit the Philippines during Dollar edges up on futures closed between 29 cents per lb down on bar- Christmas. Daily opening bargain hunting after sagging & closing rates PMEX Index 3,046 Total Volume (Lots): 7,492 Traded Value (Rs): 2,293,495,774 over the holidays Commodity Price Quotation Open CloseCRUDE WT WTI CRUDE OIL $ Per Barrel 53.04 53.88 TOKYO: The dollar tion data, which saw core Trump rally, during which stronger currency. But a The Australian dollar BRENT CRUDE OIL $ Per Barrel 55.09 56.10 inched up against the yen consumer prices mark the it benefited from expecta- higher dollar would be a was down 0.3 percent at SILVER $ Per Ounce 15.768 15.997 and euro on Tuesday as ninth straight month of tions of higher interest significant setback to the $0.7175 , inching back GOLD $ Per Ounce 1,133.1 1,140.1 some investors emerged annual declines in rates to match the incom- U.S. economy seemingly towards a seven-month GOLD Rs Per 10 gms 39,558 39,683 out of the holiday lull to November. ing president's stimulato- in the ending stages of an low of $0.7160 plumbed MTOLAGOLD Rs Per Tola 47,694 48,242 hunt for bargains as the Movements were limit- ry economic policies. expansion," wrote late last week on con- TOLAGOLD Rs Per Tola 47,694 48,242 market entered the last ed with financial markets But the dollar, which Makoto Noji, senior cerns over China's eco- GOLDEURUSD (COTS) US$ 1.0454 1.0458 trading stretch of the year. in Sydney, Hong Kong surged more than 10 per- strategist at SMBC Nikko nomic growth. GOLDGBPUSD (COTS) US$ 1.2278 1.2273 The euro slipped 0.2 and London still closed cent against the yen since Securities. The New Zealand dol- GOLDUSDJPY (COTS) JPY ¥ 117.341 117.447 percent to $1.0435 after on Tuesday for the Trump's U.S. election win "Therefore, the Trump lar fell 0.2 percent to GOLDAUDUSD (COTS) US$ 0.7177 0.7184 climbing overnight to Christmas holidays. in November, has recently administration and the $0.6882, paring the GOLDUSDCAD (COTS) CAD$ 1.3538 1.3576 $1.0469. "There isn't much in the lost some of its momen- Federal Reserve would gains made the previous GOLDUSDCHF (COTS) CHF 1.0273 1.0280 The dollar was up 0.3 form of fresh incentives tum. have to stick to a cautious day. The kiwi was close COPPER US $ per pound 2.480 2.5223 percent at 117.420 yen moving the market right Some in the market now monetary policy stance to to $0.6863, a near RICEIRRI6 Rs Per 100 kg 3,188 3,186 after slipping to a six-day now. The dollar is seeing expect a deeper down- prevent the dollar from seven-month trough PALMOLEIN Rs Per Maund 4,182 4,179 low near 117.000 the pre- some participants buy on ward correction to grip appreciating excessively. plumbed on Friday SUGAR Rs Per kg 55.80 55.76 vious day in reaction to dips that formed as it the greenback, with the We thus expect a very against the broadly ICOTTON US Cents per pound 69.79 70.02 slightly lower U.S. yields. sagged through the rise in U.S. debt yields gradual downtrend for stronger dollar. WHEAT Rs Per 100 kg 3,415 3,413 The 10-year Treasury Christmas break," said slowing and concerns dollar/yen." The U.S. currency also RED CHILI Rs Per Kg 178 178 note yield rebounded Koji Fukaya, president of over Trump's protectionist For now the dollar rose against the pound, PADDYSBR Rs 40 Per Kg 1684 1684 from the previous day's FPG Securities in Tokyo. statements taking some index added 0.1 percent which slipped 0.2 per- On Tuesday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,046. The total decline to shore up the The U.S. currency had shine off the dollar. to 103.100 , clawing cent to $1.2272, putting traded value of Metals, Energy and COTS/FX was recorded at PKR 2.29 billion and number of lots traded dollar. climbed to a 10-month "Trump's policies are back towards a 14-year it closer to a 1-1/2- was 7,492. Major business was contributed by gold amounting to PKR 1.07 billion, followed by WTI crude oil (PKR 518.90 million), silver (PKR 382.43 million), currencies through COTS (PKR 292.57) million, The yen showed little high of 118.660 yen mid- understood to be con- high of 103.650 marked month low of $1.2230 copper (PKR 22.01 million) and Brent crude oil (PKR 1.52 million). In addition to this, in agricultural com- reaction to Japan's infla- month on the back of the ducive to inflation and a a week ago. set on Friday. modities, two lots of cotton amounting to PKR 0.732 million were also traded. 6 MARKET SUMMARY Thursday, December 29, 2016

Market Symbols KSE 100 Index All Share Index KSE 30 Index KMI 30 Index All Share Islamic Index MTS LEVERAGE POSITION Volume: 273,091,680 Advanced 231 Current 47,424.63 Current 32,461.98 Current 25,665.88 Current 81,338.15 Current 22,510.99 Symbol Total Volume Total Value MTS Rate Declined 158 High 47,563.46 High 32,549.33 High 25,776.27 High 81,540.36 High 22,563.40 Value : 16,473,179,856 AICL 3,926,000 238,980,185 10.00 Unchanged 18 Low 46,920.47 Low 32,099.53 Low 25,347.98 Low 80,366.83 Low 22,253.69 AKBL 5,735,700 118,547,358 8.00 Trades: 96,821 Total 407 Change K504.16 Change K362.45 Change K317.90 Change K971.32 Change K257.30 ASTL 740,500 41,720,716 10.00 OIL AND GAS AUTOMOBILE AND PARTS FIXED LINE TELECOMMUNICATION ATRL 1,534,900 513,735,160 8.00 Paid up Paid up Paid up BAFL 17,072,900 503,219,900 8.00 Company Cap(mn) PE Open High Low Close Chg Volume Company Cap(mn) PE Open High Low Close Chg Volume Company Cap(mn) PE Open High Low Close Chg Volume BAHL 160,500 7,448,712 8.00 Attock Petroleum 829 12.34 679.65 689.00 680.00 680.10 0.45 92,000 Agriautos Ind 144 37.24 343.18 344.00 341.00 342.20 -0.98 15,200 Pak Datacom 98 7.98 85.06 89.31 84.99 88.99 3.93 210,000 BOP 50,083,600 723,090,915 10.00 Attock Refinery 853 10.30 422.56 429.00 419.01 420.75 -1.81 1,341,300 Atlas Battery 174 22.59 819.89 849.00 828.00 831.00 11.11 2,600 Pakistan Telecomm Co A 37740 - 17.04 17.37 17.01 17.11 0.07 1,287,500 Burshane LPG 226 27.55 66.00 67.85 65.65 65.84 -0.16 13,000 Atlas Honda 1034 - 589.00 588.00 580.00 580.64 -8.36 3,900 Telecard 3000 79.17 4.81 4.86 4.72 4.75 -0.06 1,677,500 CHCC 1,350,500 192,047,267 8.00 BYCO Petroleum 9779 - 23.12 23.51 23.11 23.16 0.04 2,572,500 Baluchistan Wheels Limited 133 39.00 133.10 138.99 133.00 133.00 -0.10 1,000 WorldCall Tele 8606 - 2.63 2.65 2.58 2.60 -0.03 3,170,500 DGKC 3,496,500 627,159,168 8.00 Mari Gas Company 1103 47.91 1393.57 1410.00 1379.10 1384.04 -9.53 28,650 Dewan Motors 1387 - 37.29 37.90 36.65 37.08 -0.21 1,738,000 National Refinery 800 15.59 574.68 578.50 560.00 562.37 -12.31 357,900 Exide (PAK) 78 13.10 963.62 980.00 960.00 979.90 16.28 2,800 ELECTRICITY EFERT 12,124,300 670,428,230 8.00 Oil & Gas Development 43009 6.41 164.02 165.95 164.40 165.08 1.06 2,877,000 General Tyre 598 55.27 276.89 278.97 276.00 276.88 -0.01 38,000 Paid up EFOODS 882,200 128,008,063 8.00 P.S.O 2717 8.47 425.59 434.40 427.90 429.71 4.12 1,394,200 Ghandhara Nissan 450 - 326.40 331.00 324.10 324.94 -1.46 523,300 Company Cap(mn) PE Open High Low Close Chg Volume Ghani Automobile Ind 500 - 12.21 12.42 11.98 12.02 -0.19 1,569,500 Pak Oilfields 2365 9.94 533.33 545.87 535.81 542.12 8.79 692,100 ENGRO 1,717,700 454,364,330 7.00 Honda Atlas Cars 14287516.44 666.43 688.00 669.00 676.48 10.05 246,200 Pak Petroleum 19717 7.16 189.20 193.90 189.00 192.06 2.86 1,253,100 Altern Energy 3634 - 40.50 41.99 41.99 41.99 1.49 500 Indus Motors 786 63.73 1578.95 1597.99 1565.00 1585.70 6.75 61,100 Pak Refinery Limited 2940 1.25 44.23 44.60 43.65 43.74 -0.49 1,083,000 Hub Power XD 11572 15.01 123.84 126.39 123.50 125.15 1.31 1,197,200 FFC 614,000 54,085,641 8.00 Pak Suzuki 823 35.73 627.12 635.00 627.12 628.82 1.70 61,100 Japan Power 1560 - 5.32 5.38 5.20 5.22 -0.10 2,185,000 Shell Pakistan 1070 - 478.54 501.50 481.00 487.90 9.36 228,900 Sazgar Engineering 180 36.62 93.59 94.90 92.00 92.29 -1.30 51,500 K-Electric Ltd. 7932 38.54 9.20 9.30 9.18 9.25 0.05 21,979,500 HUBC 931,300 91,979,592 8.00 Kohinoor Energy 1695 8.90 43.65 44.00 43.00 43.00 -0.65 303,500 CHEMICALS FOOD PRODUCERS Kohinoor Power 126 - 8.60 9.53 8.80 8.85 0.25 176,000 HUMNL 47,000 478,029 - Kot Addu Power 8803 9.16 78.47 79.25 78.10 79.03 0.56 2,713,500 Paid up Paid up Nishat Chunian Power Ltd XD 3673 7.59 55.93 56.55 55.50 55.58 -0.35 205,000 ISL 2,560,500 186,605,995 8.00 Company Cap(mn) PE Open High Low Close Chg Volume Company Cap(mn) PE Open High Low Close Chg Volume Nishat Power Ltd 3541 7.82 59.10 60.95 58.50 60.66 1.56 368,500 Pakgen Power Ltd 3721 4.61 24.00 25.20 24.18 25.19 1.19 1,574,000 KEL 25,207,100 197,500,322 9.00 Agritech Limited 3924 - 11.90 12.05 11.81 11.85 -0.05 187,500 Tri-star Power XD 150 172.34 10.87 11.55 10.90 11.03 0.16 618,500 Abdullah Shah Ghazi Sugar 793 17.89 7.01 7.99 6.80 7.87 0.86 750,500 Engro Powergen 3238 - 34.36 34.84 34.25 34.49 0.13 361,500 MCB 190,000 37,453,967 9.00 Biafo Ind XB 220 22.52 320.00 321.00 317.10 318.05 -1.95 19,300 Adam Sugar 173 8.22 53.00 53.20 51.71 52.28 -0.72 8,500 Lalpir Power XD 3798 - 22.05 23.15 22.25 23.15 1.10 2,293,000 Archroma Pak XD 341 22.66 787.52 798.00 778.00 780.99 -6.53 9,000 AL-Abbas Sugar 174 75.01 294.35 309.06 304.00 309.06 14.71 1,300 Saif Power Ltd. XD 3865 - 33.60 34.00 33.20 33.60 0.00 68,000 MLCF 1,810,000 191,927,665 8.00 Dawood Hercules 4813 407.94 140.74 142.99 140.00 142.78 2.04 129,300 AL-Noor Sugar 205 - 72.70 76.33 76.33 76.33 3.63 7,000 Arshad Energy L 80 - 15.55 15.50 15.00 15.20 -0.35 3,500 Chashma Sugar 287 13.03 87.98 92.37 88.95 90.66 2.68 48,600 NBP 1,111,000 69,276,380 8.00 Descon Oxychem Limited 1020 - 17.10 17.39 16.71 16.75 -0.35 512,000 Clover Pakistan 94 - 50.60 51.50 50.50 50.56 -0.04 32,000 Dewan Salman 3663 - 4.93 5.00 4.68 4.76 -0.17 2,270,500 Dewan Sugar 665 - 7.17 7.34 7.00 7.00 -0.17 17,000 GAS WATER AND MULTIUTILITIES NCL 2,867,500 141,094,418 8.00 Dynea Pak 94 6.04 52.02 53.49 52.99 53.00 0.98 4,500 Engro Foods Ltd. 7666 52.94 171.44 180.01 172.25 180.01 8.57 3,428,600 Paid up NML 1,092,700 137,594,482 8.00 Ltd 5238 32.66 313.27 319.99 313.52 319.46 6.19 1,712,500 Faran Sugar 250 20.15 171.94 176.00 167.50 173.29 1.35 124,600 Company Cap(mn) PE Open High Low Close Chg Volume Habib Sugar 750 32.89 47.50 48.00 47.21 47.36 -0.14 39,500 6635 18.27 17.80 18.35 17.84 18.27 0.47 5,122,000 OGDC 3,377,600 449,964,854 7.00 Fatima Fertilizer 21000 11.36 35.79 36.55 36.00 36.35 0.56 1,027,500 Habib-ADM Ltd 200 7.15 24.20 24.30 24.30 24.30 0.10 500 Haseeb Waqas 324 - 12.03 12.75 12.00 12.35 0.32 699,000 Fauji Fertilizer 12722 7.16 103.13 104.15 103.30 103.73 0.60 1,919,300 Sui North Gas 6342 33.44 79.04 80.15 75.55 78.59 -0.45 13,098,000 PPL 341,600 54,538,689 8.00 Ismail Ind 638 85.34 373.06 391.71 385.00 391.71 18.65 2,500 Sui South Gas 8809 14.53 36.35 36.94 35.69 36.03 -0.32 3,614,000 Fauji Fertilizer Bin Qasim 9341 9.74 50.22 51.59 50.60 51.03 0.81 1,418,000 Mehran Sugar 320 10.11 184.61 184.44 178.10 184.44 -0.17 500 Hascol PetrolXD 1207 135.93 330.79 347.32 334.61 337.10 6.31 2,570,400 PSO 846,200 301,785,236 8.00 Gatron Ind 384 16.03 93.03 92.50 91.00 91.38 -1.65 400 Mirpurkhas Sugar XD 123 23.40 209.88 211.99 205.00 211.50 1.62 25,100 HI-Tech Lubri. 1160 45.47 111.04 114.10 111.80 112.77 1.73 1,122,500 Ghani Gases Ltd 1248 9.74 24.00 24.50 23.74 23.87 -0.13 1,184,000 Mirza Sugar 141 - 4.01 4.05 4.05 4.05 0.04 1,000 PTC 5,528,100 80,398,077 8.00 ICI Pakistan 924 103.14 998.29 1013.00 991.00 997.40 -0.89 38,000 Mithchells Fruit 79 17.84 342.00 353.00 338.00 351.90 9.90 7,600 National Foods 1036 19.68 375.22 376.00 372.00 372.35 -2.87 1,000 BANKS Ittehad Chemical 650 4.90 39.85 39.98 39.37 39.75 -0.10 22,500 QUICE 500 3,362 - Nestle Pakistan 453 54.80 8712.51 9148.13 8800.00 9145.71 433.20 3,300 Paid up Leiner Gelatine 75 33.86 41.18 41.99 39.13 41.99 0.81 14,500 Noon Sugar 165 4.94 45.83 45.59 44.95 45.47 -0.36 29,500 TPL 7,920,500 116,939,645 9.00 Linde Pakistan Ltd. 250 16.07 175.92 184.71 176.00 177.21 1.29 133,800 Pangrio Sugar 109 - 4.70 4.75 4.45 4.75 0.05 3,500 Company Cap(mn) PE Open High Low Close Chg Volume Lotte Chemical 15142 14.23 8.10 8.35 8.09 8.11 0.01 4,537,000 Premier Sugar 38 5.76 152.95 152.00 150.00 150.50 -2.45 600 TRG 25,120,500 922,298,063 10.00 Nimir Ind Chemical 553 89.39 44.49 44.40 42.81 43.80 -0.69 21,000 Punjab Oil 54 48.64 331.00 324.78 321.00 321.00 -10.00 800 Quice Food 985 - 8.91 9.35 8.92 9.06 0.15 1,106,500 Allied Bank Limited 11451 9.09 119.74 120.50 118.75 120.04 0.30 449,000 UBL 3,297,900 615,974,027 7.00 Pak Gum 42 8.32 157.00 159.99 154.00 159.43 2.43 2,000 12603 6.21 24.55 25.00 24.60 24.84 0.29 1,700,000 S S Oil 57 3.40 55.93 57.00 56.00 56.95 1.02 5,000 Apna Microfinance Ba 2200 - 9.00 9.00 9.00 9.00 0.00 2,500 Shaffi Chemical 120 47.64 13.89 13.98 13.20 13.34 -0.55 124,500 Sakrand Sugar 223 - 6.71 7.30 7.00 7.00 0.29 2,500 Total 199,368,501 9,212,297,499 8.32 Sitara Chem Ind 214 12.11 571.00 570.00 566.00 570.00 -1.00 900 15952 7.99 37.17 38.00 37.40 37.79 0.62 403,500 Shahmurad Sugar 211 29.08 58.71 61.64 58.00 61.64 2.93 112,000 Bank AL-Habib 11114 8.56 55.51 57.07 55.05 57.00 1.49 224,000 Sitara Peroxide 551 - 32.64 33.05 31.90 32.08 -0.56 352,500 Shahtaj Sugar 120 14.32 167.38 167.37 159.03 165.00 -2.38 18,500 Bank Of Khyber 10004 8.99 15.53 16.00 15.51 16.00 0.47 27,000 United Distributors 242 3.10 70.00 71.30 69.99 70.88 0.88 97,500 Sind Abadgar 104 3.37 24.50 24.00 23.50 23.85 -0.65 2,500 15551 5.76 17.58 17.99 17.51 17.56 -0.02 13,429,500 UPTO 100 VOLUME Wah-Noble XD 90 11.08 131.30 132.00 130.00 130.00 -1.30 2,500 Al-Shaheer Corp 1421 - 60.05 60.50 59.07 59.18 -0.87 547,000 BankIslami Pak 10079 24.11 13.45 13.48 13.00 13.02 -0.43 47,500 Imperial Sugar Ltd. 990 - 7.99 8.10 7.90 7.97 -0.02 46,500 Faysal Bank 11998 6.19 21.78 22.14 21.60 21.74 -0.04 1,038,000 Engro Fert. 13309 118.37 66.22 67.98 66.25 67.47 1.25 5,477,000 Symbols Open High Low Close Change Vol Jauharabad Suga 109 - 66.00 66.50 65.00 65.00 -1.00 4,000 Habib Bank Ltd 14669 11.09 265.04 273.00 264.50 268.06 3.02 986,700 Habib Metropolitan Bank 10478 5.16 37.50 38.25 37.25 37.69 0.19 827,000 MEHT 220.00 231.00 231.00 220.00 0.00 100 JS Bank Ltd 10725 6.07 10.50 10.84 10.50 10.56 0.06 2,768,500 FORESTRY AND PAPER HOUSEHOLD GOODS MCB Bank Ltd XD 11130 10.38 232.89 241.51 234.00 238.32 5.43 644,700 MSOT 155.39 161.90 161.90 155.39 0.00 100 Paid up 10027 13.00 65.40 66.00 64.16 65.00 -0.40 29,500 BATA 4,700.00 4,700.00 4,700.00 4,700.00 0.00 20 Paid up National Bank 21275 8.27 73.99 75.00 74.11 74.72 0.73 1,062,000 Company Cap(mn) PE Open High Low Close Chg Volume Company Cap(mn) PE Open High Low Close Chg Volume NIB Bank 103029 6.64 1.63 1.68 1.63 1.66 0.03 3,747,000 Samba Bank 10082 17.52 7.28 7.50 7.36 7.36 0.08 6,000 BOARD MEETINGS Century Paper 1470 13.22 60.11 60.50 59.51 59.76 -0.35 150,000 Diamond Ind 90 13.11 42.85 43.00 43.00 43.00 0.15 2,000 Silkbank Ltd 77998 - 1.78 1.83 1.76 1.80 0.02 1,589,500 Security Paper 593 10.51 99.57 100.44 99.50 100.04 0.47 23,900 Soneri Bank 11025 8.18 16.61 16.70 16.36 16.36 -0.25 61,500 Company Date Time Hala Enterprise 68 - 9.51 9.68 9.50 9.53 0.02 6,000 Stand Chart Bank 38716 9.97 23.35 24.26 23.40 23.84 0.49 16,000 Feroze 1888 Mills Limited 3768 60.94 190.28 199.70 193.00 193.17 2.89 1,600 Summit Bank Ltd 17787 20.90 4.15 4.28 4.10 4.18 0.03 1,739,500 Fauji Fertilizer Co. Ltd. 29-Dec 9:30 INDUSTRIAL METALS AND MINING United Bank Ltd 12242 11.17 231.21 235.55 232.00 234.77 3.56 849,600 Pak Elektron 4977 105.97 67.65 68.25 67.75 67.82 0.17 1,241,000 Premier Sugar Mills 29-Dec 11:00 Paid up Singer Pak 454 52.77 46.77 48.99 46.00 48.02 1.25 2,518,000 Company Cap(mn) PE Open High Low Close Chg Volume Tariq Glass Ind 735 38.07 99.02 103.97 97.11 102.80 3.78 850,000 NON LIFE INSURANCE Cheshma Sugar Mille 29-Dec 11:30 TPL Trakker Ltd 2172 - 17.42 17.90 17.50 17.67 0.25 2,780,500 Paid up Sindh Abadgar's Sugar Mills 30-Dec 4:00 Crescent Steel 776 12.40 150.36 154.44 149.50 153.16 2.80 350,900 Dost Steels Ltd 3157 - 10.68 10.83 10.50 10.53 -0.15 6,201,000 Company Cap(mn) PE Open High Low Close Chg Volume Chakwal Spinning Mills Limited 30-Dec 12:30 Huffaz Pipe 555 - 25.58 26.40 25.50 25.60 0.02 7,000 PERSONAL GOODS Yousuf Weaving Mills Limited 30-Dec 12:30 Inter.Steel Ltd. 4350 291.88 97.47 97.90 96.00 96.32 -1.15 962,000 Paid up Adamjee Insurance 3500 10.28 76.73 78.50 74.60 74.94 -1.79 1,693,000 International Ind 1199 46.66 206.03 207.75 202.75 204.82 -1.21 143,000 Company Cap(mn) PE Open High Low Close Chg Volume Ask Gen Insurance 544 5.97 30.00 30.50 30.00 30.50 0.50 53,000 Hussein Industries Limited 30-Dec 5:00 Siddiqsons Tin 785 - 15.87 16.00 15.82 15.85 -0.02 65,500 Atlas Insurance 702 9.81 82.51 84.49 83.25 84.00 1.49 6,000 Systems Ltd 30-Dec 5:30 Aisha Steel Mill 2713 - 16.15 16.35 15.90 15.99 -0.16 4,319,000 Century Insurance 457 2.11 29.30 29.50 29.50 29.50 0.20 4,000 Amtex Limited 2594 - 3.07 3.15 3.01 3.04 -0.03 477,500 Crescent Star Insurance 827 7.66 9.80 10.15 9.82 10.03 0.23 1,009,500 JDW Sugar Mills 02-Jan 11:00 Aruj Industries 105 10.71 28.25 29.66 29.66 29.66 1.41 500 Cyan Limited 586 13.31 76.36 78.00 75.50 75.99 -0.37 73,000 CONSTRUCTION AND MATERIALS Ashfaq Textile 350 3.39 10.00 9.10 9.05 9.05 -0.95 4,500 EFU General Insurance 2000 6.00 152.00 153.00 150.00 151.20 -0.80 9,100 Dadabhoy Cement Industries Ltd 02-Jan 11:00 Asim Textile 152 1.19 8.00 8.20 8.10 8.10 0.10 1,500 Paid up Habib Insurance 619 10.66 18.90 19.50 19.10 19.50 0.60 37,000 Azgard Nine 4493 1.51 8.26 8.40 8.10 8.15 -0.11 1,142,500 IGI Insurance 1227 26.52 280.85 283.00 277.16 279.27 -1.58 136,300 Dadabhoy Sack Ltd 02-Jan 11:30 Company Cap(mn) PE Open High Low Close Chg Volume Bannu Woolen 95 4.63 70.22 72.55 71.00 71.00 0.78 16,000 Jubilee Gen.Ins 1569 12.53 108.00 108.00 108.00 108.00 0.00 300 Dadabhoy Construction Technology Ltd 02-Jan 12:00 Bilal Fibres 141 3.81 7.49 8.49 7.98 8.49 1.00 62,500 Pak Gen Insurance 400 5.60 9.26 9.48 9.30 9.30 0.04 3,500 Brothers Textile 98 8.03 5.38 6.00 5.62 5.86 0.48 15,500 Attock Cement 1145 15.29 315.01 321.00 319.00 319.00 3.99 7,400 Pak Reinsurance 3000 8.80 40.22 40.75 39.65 40.29 0.07 141,000 Unilever Pak Foods 02-Mar 2:30 Chakwal Spinning 400 1.57 5.50 5.71 5.55 5.62 0.12 103,500 PICIC Ins Ltd XR 350 - 5.43 5.63 5.40 5.48 0.05 127,000 Balochistan Glass Ltd 1716 - 13.98 14.30 13.80 13.98 0.00 112,000 Chenab Limited 1150 - 6.66 6.92 6.60 6.65 -0.01 270,500 Premier Insurance 209 6.50 21.00 21.49 20.10 20.59 -0.41 10,500 Berger Paints 182 124.32 184.07 189.00 182.50 184.00 -0.07 5,500 Chenab Ltd Pref 800 - 2.96 3.10 2.82 2.91 -0.05 235,500 Reliance Insurance 510 6.73 11.43 11.85 11.37 11.71 0.28 103,500 Bestway Cement XD 5963 31.95 272.89 278.50 270.06 271.24 -1.65 52,100 Crescent Jute 238 - 4.06 4.21 3.75 3.92 -0.14 86,000 Shaheen Insurance 450 13.52 8.20 8.00 7.63 7.84 -0.36 3,000 BOOK CLOSURES Crescent Textile 800 12.18 27.62 27.60 27.30 27.41 -0.21 117,000 Buxly Paints 14 - 111.15 116.70 110.00 116.60 5.45 11,000 United Insurance 1803 4.51 22.00 22.01 21.70 21.71 -0.29 12,000 D S Ind Ltd 600 3.27 6.00 6.37 6.00 6.02 0.02 471,000 Universal Insurance 416 5.92 18.50 18.40 17.50 18.40 -0.10 1,500 Company From To Div/Bonus Spot Date AGM/ Cherat Cement 1766 13.46 171.59 173.75 171.80 173.26 1.67 450,400 Dawood Lawrencepur 591 57.41 249.40 254.90 247.05 254.90 5.50 1,000 IGI Life Ins.XD XB 605 52.29 82.00 81.50 79.22 80.00 -2.00 8,500 /Right EOGM Dandot Cement 948 - 14.50 14.90 14.50 14.51 0.01 43,000 Dewan Farooque Spinning 978 347.69 4.40 4.69 4.46 4.52 0.12 204,000 Dewan Cement 4841 32.78 37.23 39.09 37.02 39.01 1.78 18,903,500 Dewan Khalid Textile 96 1.59 8.32 7.77 7.77 7.77 -0.55 500 Ghani Gases # 04-Jan 10-Jan - - 11-Jan DG Khan Cement Ltd 4381 16.22 213.69 219.39 214.00 218.35 4.66 4,877,100 Elahi Cotton 13 12.80 57.36 59.90 59.90 59.90 2.54 500 LIFE INSURANCE Gadoon Textile 280 5.85 248.15 251.50 247.00 247.83 -0.32 21,100 Saudi Pak easing # 07-Jan 14-Jan - - 14-Jan Fauji Cement 13798 28.52 42.12 43.38 42.10 43.06 0.94 11,295,000 Ghani Value Glass 300 6.25 21.50 21.75 21.75 21.75 0.25 500 Paid up Fecto Cement 502 8.88 118.00 121.90 118.50 120.01 2.01 189,800 Ghazi Fabrics 326 17.05 7.95 7.89 7.50 7.50 -0.45 5,000 Company Cap(mn) PE Open High Low Close Chg Volume Ghani Glass 09-Jan 16-Jan 15(I) 05-Jan - Flying Cement Ltd 1760 - 14.00 14.74 14.30 14.44 0.44 803,000 Glamour Textile 266 20.58 55.26 56.40 52.50 56.40 1.14 2,000 Frontier Ceramics 379 - 9.00 9.30 9.15 9.15 0.15 3,000 Gul Ahmed Textile 2971 14.78 51.42 52.30 51.25 51.57 0.15 668,000 PIB Terminal 10-Jan 17-Jan 16.945(R) 06-Jan - H M Ismail 120 - 6.44 5.90 5.75 5.80 -0.64 6,500 EFU Life Assurance 1000 14.14 209.40 209.00 205.25 208.50 -0.90 3,400 Gammon Pak 283 - 35.90 35.90 35.50 35.50 -0.40 3,500 Hira Textile Mills Limited 866 8.12 13.02 13.18 12.90 13.07 0.05 121,500 Linde Pakistan # 11-Jan 17-Jan - - 17-Jan Gharibwal Cement 4003 28.90 50.00 50.00 50.00 50.00 0.00 4,000 Ibrahim Fibres 3105 3.54 67.11 66.00 66.00 66.00 -1.11 1,000 Jubilee Life In 721 25.36 547.00 569.99 560.00 569.99 22.99 1,100 Cyan Limited 13-Jan 20-Jan 25(II) 11-Jan - Haydery Const 32 573.00 5.60 5.99 5.60 5.73 0.13 14,000 Int Knitwear XD 65 - 15.36 16.20 15.55 16.19 0.83 1,500 Javedan Cement 1294 3.28 33.00 34.00 33.00 33.50 0.50 46,500 Ishaq Textile 97 1.38 9.89 9.25 9.25 9.25 -0.64 500 FINANCIAL SERVICES Siemens (Pak) Engg 16-Jan 23-Jan 1200(F) 12-Jan 24-Jan J K Spinning 609 3.32 31.39 31.50 29.85 29.85 -1.54 9,000 Kohat Cement 1545 14.30 284.11 288.00 282.25 283.00 -1.11 42,200 Janana D Mal XD 48 1.73 110.88 109.10 109.00 109.00 -1.88 1,300 Paid up Sui Northern Gas Pipelines 18-Jan 26-Jan - - 26-Jan 3234 29.97 831.32 853.00 835.50 840.29 8.97 423,500 Jubilee Spinning 325 52.00 8.00 8.00 7.80 7.80 -0.20 3,000 Company Cap(mn) PE Open High Low Close Chg Volume 5277 21.63 125.86 127.40 125.30 125.89 0.03 3,422,500 Khalid Siraj 107 - 5.20 6.20 5.69 6.20 1.00 30,000 Mehran Sugar Mills 25-Jan 31-Jan 22.5(F) 23-Jan 31-Jan Pioneer Cement 2271 21.72 139.57 141.00 139.60 140.32 0.75 1,451,900 Kohat Textile 208 3.20 17.85 17.30 17.30 17.30 -0.55 1,500 Kohinoor Ind 303 24.22 7.75 7.96 7.70 7.75 0.00 87,500 MCB-ARIF Habib 720 7.49 28.01 29.00 28.99 29.00 0.99 3,500 Power Cement Ltd. 3657 8.44 13.14 13.43 13.10 13.16 0.02 3,611,000 Indications Kohinoor Mills 509 1.39 39.50 38.50 38.00 38.50 -1.00 5,500 Arif Habib Limited 550 4.45 74.54 76.00 74.10 75.08 0.54 54,000 # Extraordinary General Meeting Safe Mix Concrete 250 26.16 9.45 9.70 9.51 9.68 0.23 36,000 Kohinoor Spinning 1300 2.91 6.66 7.10 6.60 6.76 0.10 600,500 Arif Habib Corp 4538 25.00 41.29 42.43 41.69 42.00 0.71 477,000 Shabbir Tiles 1197 17.69 11.31 11.68 11.30 11.50 0.19 1,169,000 Kohinoor Textile 2824 39.65 112.50 116.00 112.50 114.59 2.09 219,000 Dawood Equities 250 3.87 7.16 7.22 7.06 7.20 0.04 58,500 Thatta Cement 997 32.88 35.69 36.44 35.70 35.84 0.15 337,500 Mian Textile 221 - 3.58 3.58 3.58 3.58 0.00 3,000 Escorts Bank 441 - 3.95 3.99 3.79 3.79 -0.16 75,500 OTHER SECTORS Synthetic ProdXD 774 - 66.00 67.00 65.99 66.14 0.14 68,500 Mohd Farooq 189 - 4.28 4.47 4.25 4.25 -0.03 18,500 First Credit & Invest Bank Ltd 650 20.57 7.00 7.50 7.01 7.20 0.20 6,000 Mubarak Textile 54 - 4.75 5.00 5.00 5.00 0.25 2,500 Symbols Open High Low Close Change Vol Akzo Nobel Pak.XD 464 - 237.88 241.00 237.70 238.11 0.23 101,500 First National Equity 1418 6.25 10.89 11.02 10.52 10.69 -0.20 269,500 National Silk 156 4.94 48.69 46.27 46.26 48.69 0.00 400 Grays Leasing 215 1222.00 6.89 6.68 6.11 6.11 -0.78 2,000 Nishat (Chunian) 2402 4.83 60.64 61.88 60.80 61.06 0.42 2,685,000 IGI Investment Bank 2121 34.88 2.90 2.92 2.74 2.79 -0.11 555,000 Johnson & Philips 43.7 44.95 43 43.97 0.27 9000 Nishat Mills 3516 10.19 150.55 152.70 151.00 151.17 0.62 695,700 GENERAL INDUSTRIALS Invest and Fin Sec 200 18.29 132.79 137.60 126.16 126.58 -6.21 61,500 Pakistan Cables 358.33 375 354.11 358.77 0.44 99200 Olympia Spinning 120 - 8.00 9.00 8.25 9.00 1.00 228,000 Invest Bank 2849 3.11 2.29 2.30 2.20 2.21 -0.08 265,000 Paid up Ravi Textile 250 - 6.09 6.10 6.00 6.00 -0.09 8,000 Ist Cap Securities 3166 146.25 5.82 6.09 5.68 5.85 0.03 3,089,500 TRG Pak Ltd 44.87 45.31 44.65 44.8 -0.07 3631500 Reliance Weaving 308 2.70 38.00 37.00 36.75 36.75 -1.25 2,000 Company Cap(mn) PE Open High Low Close Chg Volume Ruby Textile 522 - 12.92 13.15 12.51 13.04 0.12 28,000 Ist Dawood Bank 1484 87.50 3.57 3.61 3.49 3.50 -0.07 513,500 Brewery 946.53 955 934 937.75 -8.78 3750 Rupali Poly 341 - 20.01 20.50 19.31 20.50 0.49 2,500 Jah Siddiq Co 9159 8.00 24.51 25.26 24.60 24.71 0.20 5,335,500 Shezan Inter. 460 475 461 470.36 10.36 5200 Cherat Packagin 296 50.30 338.01 340.00 331.10 336.50 -1.51 5,700 Safa Textile 40 18.59 5.64 6.00 5.21 5.95 0.31 29,500 JS Investment 802 7.27 15.11 16.00 15.40 15.77 0.66 79,500 Orix Leasing 821 5.60 46.50 46.51 45.75 45.75 -0.75 19,000 ECOPACK Ltd XB 287 - 24.20 24.89 24.10 24.37 0.17 161,500 Saif Textile 264 1.65 22.31 23.41 23.41 23.41 1.10 2,000 Pak Tobacco 1244.6 1306.83 1269 1300 55.4 2240 Pervez Ahmed Sec 1866 - 2.51 2.56 2.46 2.49 -0.02 1,651,500 Ghani Glass 2192 22.01 148.00 149.00 149.00 149.00 1.00 500 Sajjad Textile 213 1.31 6.20 6.30 6.29 6.30 0.10 1,500 Saudi Pak Leasing 452 19.56 3.32 3.35 3.05 3.13 -0.19 92,500 Shifa Int.Hosp 309.43 308.1 307 308 -1.43 2500 MACPAC Films 389 2.40 23.07 23.30 23.30 23.30 0.23 1,500 Sally Textile 88 0.63 12.50 12.65 12.65 12.65 0.15 1,000 Samin Textile 267 - 8.70 8.85 8.70 8.85 0.15 68,000 Sec Inv Bank 514 452.00 4.83 4.57 4.51 4.52 -0.31 18,000 Merit Pack 403 - 24.01 24.24 23.71 24.01 0.00 31,000 Sana Ind 86 9.15 72.40 70.51 70.51 70.51 -1.89 1,000 Security Leasing 363 - 7.36 7.71 7.00 7.40 0.04 93,000 Media Times Ltd 4.61 4.74 4.55 4.57 -0.04 945500 Packages Ltd 894 29.55 813.67 840.00 816.21 838.16 24.49 72,750 Saritow Spinning 298 1.72 9.17 9.20 9.10 9.17 0.00 18,000 Trust Brokerage 100 - 11.65 12.20 10.65 10.65 -1.00 66,000 P.I.A.C.(A) 9.09 9.28 9.04 9.11 0.02 3134000 Siemens Engineering 82 - 1468.39 1495.00 1450.00 1462.23 -6.16 6,550 Service Fabrics 158 5.06 12.11 12.40 11.80 11.93 -0.18 194,500 Trust Inv Bank 892 19.94 3.82 3.90 3.50 3.59 -0.23 200,000 Tri-Pack Films 388 17.71 268.58 271.40 265.00 266.35 -2.23 94,800 Service Ind 120 140.75 1480.40 1500.00 1465.00 1490.54 10.14 8,450 SME Leasing Ltd 320 - 3.70 3.90 3.65 3.73 0.03 7,500 AKD Capital 157.89 165.78 151.03 165.78 7.89 3200 Ghani Global Glass L 1000 3.31 22.49 22.50 22.07 22.41 -0.08 259,000 Service Textile 44 0.66 10.96 11.96 11.86 11.94 0.98 7,500 Next Capital 200 41.05 18.63 19.19 17.63 18.06 -0.57 223,000 Pace (Pak) Ltd. 10.91 11.18 10.85 10.99 0.08 4010500 Shadab Textile 30 1.59 53.80 55.79 55.00 55.00 1.20 2,000 Shield Corp 39 163.26 535.50 560.00 550.00 559.99 24.49 250 Netsol Tech. 54.5 55 54 54.39 -0.11 88500 INDUSTRIAL ENGINEERING Suraj Cotton 290 3.29 134.72 129.00 129.00 134.72 0.00 412,700 EQUITY INVESTMENT INSTRUMENTS Thal Ltd 405 28.01 510.01 514.79 503.10 511.99 1.98 196,000 Paid up Treet Corp 1407 16.91 63.70 64.40 63.51 63.57 -0.13 529,500 Paid up Company Cap(mn) PE Open High Low Close Chg Volume Tri-Star Poly 215 - 14.22 14.60 14.06 14.17 -0.05 232,500 Company Cap(mn) PE Open High Low Close Chg Volume Yousuf Weaving 400 3.75 5.37 5.79 5.35 5.47 0.10 2,293,000 ZahidJee Tex. XB 1823 2.50 15.01 15.47 14.50 14.78 -0.23 7,500 AL-Ghazi Tractor 290 26.69 575.01 575.50 565.00 566.90 -8.11 47,400 Zil Limited 61 190.60 90.25 91.49 89.01 91.49 1.24 1,500 1st Fid Leasing 264 17.31 4.48 4.50 4.35 4.50 0.02 18,000 Nikkei flat in Bolan Casting 115 - 64.00 67.20 64.50 65.78 1.78 99,000 Colony Tex.Mills Ltd 4980 - 5.72 6.05 5.72 5.75 0.03 119,000 Allied Rental XD 1755 8.88 24.41 24.41 24.41 24.41 0.00 500 Ghandhara Ind 213 115.36 666.77 682.00 664.00 669.06 2.29 105,100 AL-Noor Modaraba 210 - 5.11 5.40 5.30 5.40 0.29 6,000 B R R Guardian Modaraba 780 9.02 8.21 8.17 8.10 8.12 -0.09 71,000 Hinopak Motor 124 753.07 1650.00 1675.00 1620.00 1649.23 -0.77 2,140 Crescent St Modaraba 200 - 4.26 4.99 4.00 4.70 0.44 86,500 KSB Pumps 132 38.08 371.36 389.92 371.00 389.92 18.56 53,100 PHARMA AND BIO TECH Elite Cap Modaraba 113 6.75 5.39 5.69 5.01 5.06 -0.33 364,000 443 18.45 889.11 899.98 870.00 872.64 -16.47 33,250 Equity Modaraba XD 524 28.62 5.89 6.25 5.80 6.01 0.12 103,000 thin trade; Paid up Pak Engineering 57 - 339.00 344.00 342.00 342.00 3.00 1,300 Golden Arrow 760 3.57 12.87 13.35 12.89 13.23 0.36 472,000 Amreli Steels L 2970 - 67.14 67.70 66.50 66.63 -0.51 659,500 Company Cap(mn) PE Open High Low Close Chg Volume Habib Modaraba 1008 6.91 10.46 10.50 10.40 10.50 0.04 22,000 Drekkar Kings 100 - 11.67 11.74 11.52 11.58 -0.09 53,500 I B L Modaraba 202 18.46 4.75 4.80 4.80 4.80 0.05 10,000 Mughal Iron&Ste 1258 - 85.41 87.85 85.75 86.29 0.88 251,000 KASB Modaraba XD 481 13.13 3.02 3.02 3.02 3.02 0.00 500 Abbott (Lab) 979 50.28 934.90 947.00 925.15 943.33 8.43 11,800 Mod Al-Mali XD 184 20.00 5.05 5.12 5.00 5.00 -0.05 3,000 Toshiba dives Ferozsons (Lab) 302 71.44 757.09 760.00 751.01 754.36 -2.73 6,250 Nat Bank Modaraba 250 - 4.36 4.80 4.45 4.45 0.09 7,500 INDUSTRIAL TRANSPORTATION GlaxoSmithKline 3185 37.56 230.45 234.00 230.55 231.39 0.94 174,800 Pak Modaraba 125 32.42 4.16 4.35 3.85 3.89 -0.27 136,500 Paramount Modaraba 138 11.23 9.15 9.43 9.43 9.43 0.28 500 Paid up Highnoon (Lab) 228 95.18 629.90 635.00 621.00 632.00 2.10 5,650 PICIC Growth Fund 2835 4.77 30.44 30.89 30.00 30.65 0.21 1,144,500 Company Cap(mn) PE Open High Low Close Chg Volume IBL HealthCare Ltd XB 492 37.51 167.35 172.99 167.51 171.03 3.68 40,800 PICIC Inv Fund 2841 4.28 14.39 14.45 14.00 14.21 -0.18 181,500 Otsuka Pak 110 69.16 178.90 181.00 173.01 180.50 1.60 5,000 Prud Modaraba 1st 872 10.61 3.52 3.59 3.22 3.29 -0.23 875,000 as Hitachi soars Punjab Modaraba XD 340 4.49 12.30 12.70 12.10 12.45 0.15 4,000 Pak Int Container Terminal 1092 15.76 367.50 367.00 361.05 367.00 -0.50 500 Sanofi-Aventis 96 51.28 2467.50 2590.87 2590.87 2590.87 123.37 1,050 Tri-Star 1st Modaraba 212 - 8.00 8.99 7.75 8.29 0.29 7,000 PNSC XD 1321 60.98 155.17 162.00 155.80 159.16 3.99 148,500 Searle Pak 1399 61.53 643.46 654.85 644.00 650.42 6.96 437,400 Trust Modaraba 298 9.91 6.00 5.75 5.75 5.75 -0.25 1,000 TOKYO: Japan's Ltd is considering U D L Modaraba XD 264 6.15 34.81 35.49 34.85 34.85 0.04 13,500 Pak Int.Bulk 12707 1.43 32.79 33.68 32.85 33.26 0.47 5,584,000 Wyeth Pak 142 21.30 4716.00 4740.00 4601.00 4605.76 -110.24 680 Nikkei share aver- selling the compa- age was flat on ny to KKR & Co. Futures higher Sri Lankan shares Wednesday morn- Toshiba stumbled Hong Kong stocks up after Christmas ing in thin end-of- the 20 percent after Nasdaq rise nearly 0.5pc in year trade, while daily limit, extend- high turnover Toshiba Corp tum- ing its fall from the closes at break on commodity strength bled 20 percent on previous day after COLOMBO: Sri Lankan shares continued concerns the company said it record level HONG KONG: Hong Kong China Enterprises around 5 percent and 7 a 5-1/2-month low in the closed about half a percent higher about posting a big may have to book Kong stocks advanced Index , which tracks percent respectively at previous session. special loss. several billion dol- NEW YORK: U.S. stock on Wednesday, recovering from a on the first trading day Chinese companies listed one point on Wednesday. Investors welcomed more than eight-month closing low The Nikkei was lars in charges index futures rose on following the Christmas in Hong Kong, gained Most sectors advanced, Tencent's plan to use hit in the previous session, led by barely changed at related to its Wednesday, a day after break, with a bounce in 1.3 percent, to 9,300.63 with information tech- platform services of a blue chips such as John Keells 19,401.70 in mid- acquisition of a strong economic data commodity prices on the points. nology stocks the biggest digital mapping compa- Holdings and Hatton National morning trade, U.S. nuclear power helped the Nasdaq close mainland lifting energy Energy and raw materi- performer, up 2 percent. ny controlled by Bank. after opening business. at a record high. and raw materials shares. al shares were up around Shares in index heavy- Germany's leading car Turnover was 1.73 billion rupees slightly lower. Hitachi Koki With year-end celebra- The benchmark Hang 1 percent, helped by a weight Tencent Holdings makers in its products, ($11.59 million), more than twice Traders said that soared 15 percent tions around the corner, Seng index added 0.8 strong rebound in com- Ltd, the industry bell- after sealing a deal to the daily average of 739.5 million the Japanese stock after the Nikkei trading volumes are like- percent, to 21,754.74 modity prices, with rebar wether, gained more than buy stake in the compa- rupees for this year. Commercial market will likely newspaper report- Bank of Ceylon and Sunshine ly to remain light. points, while the Hong and coke futures soaring 2 percent after touching ny. stay directionless ed that negotia- Holdings accounted for 48.3 per- Oil prices rose for the cent and 44 percent of the from here and is tions between fourth day in a row and turnover, respectively. expected to end the Hitachi and U.S. hovered close to a 2016 The Colombo stock index fin- year around the private equity firm high ahead of a supply Australia shares end at their highest ished 0.41 percent higher at current level. KKR were in the limit deal that will come 6,228.51, bouncing back from its "Most foreign final stages and into effect from Jan. 1. lowest close since April 6 hit in the investors and insti- that an official U.S. equities have been in nearly 17 months; NZ flat prior session. It shed around 2.1 tutional investors agreement could be riding a post-election SYDNEY: Australian last trading before a holi- U.S. equities have been BHP Billiton added percent in the 10 sessions through are on the sidelines reached next rally, feeding on opti- shares closed at their day break, but gained 1.7 riding a post-presidential between 2.4 percent to Tuesday. "Blue chips lifted the now," said Takuya month. highest in nearly 17 percent last week. election rally, feeding on 3.5 percent. market. I think it was mostly due to Takahashi, a Inpex Corp rose mism that Donald window dressing ahead of the year- Trump's policies would months on Wednesday, The benchmark is on optimism that Donald Gold stocks were the strategist at Daiwa 1.3 percent and end," said Atchuthan Srirangan, a Securities. Japan Petroleum be business friendly, resuming their post- track to rise for a third- Trump's plans for deregu- top performers among senior research analyst with First Takahashi said Exploration gained especially to banks and Trump rally after losses straight quarter in what lation and infrastructure miners, with Resolute Capital Equities (Pvt) Ltd. in the previous session as will be its longest streak spending could bolster Mining seeing its biggest that attention 1.7 percent. Oil industrials. The rally has Foreign investors bought a net would be on news gained 1.5 percent basic materials stocks led of quarterly gains since the economy. percentage gain in four 16.2 million rupees worth shares also been supported by a of individual Tuesday, before broad-based gains. March 2014. The Australian mining months, as gold prices on Wednesday, extending the year- spate of strong economic developments such edging down in data. The Dow Jones The S&P/ASX 200 Investor sentiment was index on Wednesday extended gains on strong to-date net foreign inflows to 627.5 million rupees in equities. as Toshiba, which Wednesday Asian Industrial Average is like- index ended 1 percent, or also supported by a high- closed at its highest since technical signals. is diving again on trade. The broader 57.05 points, higher at er Wall Street on news mid-December, as a rally Consumer stocks too Top conglomerate John Keells ly to make a fresh attempt rose 1.1 percent, while Hatton loss worries, as Topix was flat at at breaching the elusive 5,685, the highest close that American consumer in base metals prices advanced, with retailers well as Hitachi 1,535.71 and the since Aug. 4, 2015. confidence shot to its drove gains. Woolworths up 1.9 per- National Bank gained 2.65 per- 20,000 mark, after com- cent. Commercial Bank of Ceylon Koki Co, which is JPX-Nikkei Index ing within 20 points of The benchmark had lost highest in more than 15 Major miners Rio cent and Wesfarmers closed 2.1 percent higher, while soaring on a media 400 was also flat at the milestone on Tuesday. 0.3 percent on Friday, the years in December. Tinto, Fortescue, and gaining 1.1 percent. Sunshine ended flat. report that Hitachi 3,774.02. Thursday, December 29, 2016 Continuations 7 No #1 Continued from page 1 "The project has already become the center of global He said Pakistan is marching ahead on the road of him to come to the ground via telephone. Rasool and Lance Naik Shakeel Ahmed. He was also attention, especially in our region," concluded the pro- progress and prosperity and hurdles should not be The culprit who is a close friend of Rahman Bhola also revealed that all the doors of the factory were closed involved in kidnapping 2 Chinese Engineers and a local fessor. - NNI created in the way of development. prior to setting the factory on fire with the help of chem- civilian for Ransom. The convict admitted his offences On this occasion, the Prime Minister appreciated No #4 Continued from page 1 icals. before the Magistrate and the trial court. He was award- the hard work of scientists, engineers and staff of Mike Pence have indicated in recent months. He also confessed that we came to know later that the ed death sentence. PAEC in overcoming the shortage of energy and She was, however, of the opinion that it was not going fire spread to a vast level in the factory and those who The convict Muhammad Yousaf son of Khalid Khan to work, and added that more modest goals for the announced two bonuses for them. Vice President of China National Nuclear were setting the factory ablaze also possessed weapons was a member of proscribed organization. He was upcoming administration could be to consolidate or bet- at that time. - NNI involved in attacking Armed Forces and Law ter coordinate U.S. policy making on India and Pakistan. Corporation in his speech said cooperation with Enforcement Agencies of Pakistan, which resulted in Chaudhary suggested strengthening private diplomacy Pakistan in nuclear energy is reflective of strategic No #12 Continued from page 8 death of 4 soldiers including slaughtering of Sepoy Raj to build communication between the countries and lim- relations between the two countries. He said with province which can prove of great help for ensuring Wali of Frontier Constabulary and causing injuries to 19 iting public statements, which "don't work well in the the completion of Chashma-3, cooperation will economic stability of the people. others. The convict admitted his offences before the region." strengthen further with Pakistan in peaceful uses of He appreciated the management of the University of Magistrate and the trial court. He was awarded death Speaking on the ties between the US and Pakistan, nuclear energy. He said nuclear power plants in Agriculture Peshawar for conducting broad based sentence. Sameer Lalwani, deputy director of the South Asia Pakistan is playing vital role in economic develop- research in various fields of studies and emphasized to The convict Saif Ullah son of Naseeb Hussain was a Program at the Stimson Center, said that although the ment of Pakistan. He said Chashma power plants are bring more improvement. The Governor urged the member of proscribed organization. He was involved in United States has slashed aid to Pakistan, Washington safe and reliable power plants. University administration to ensure utilization of funds killing of innocent civilians and attacking Law still needs a working relationship with Pakistani author- Speaking on the occasion, Chairman Atomic with transparency and in accordance with financial Enforcement Agencies of Pakistan, which resulted in ities, the USIP statement on the discussion said. Energy Commission Muhammad Naeem said the action plan. death of Assistant Sub Inspector Fareed Khan and a The U.S. needs Pakistani cooperation on intelligence, Commission has been given a target of 8800 MW of Earlier the vice chancellor of the university briefed the police constable and also caused injuries to another homeland security and counter-terrorism, the fight nuclear power till 2030. He said to achieve this tar- meeting regarding administrative, research, curriculum against Islamic State (ISIS) extremists, and stabilizing police constable. get, planning for establishment of more plants have activities of the university. - NNI Afghanistan, he said. He was found in possession of explosives. The convict been done and places identified and research work in No #13 Continued from page 8 admitted his offences before the Magistrate and the trial The new administration needs to consider what prob- this regard is going on. against the government that party's leadership made on court. He was awarded death sentence. lems the next India-Pakistan crisis could present to U.S. policymakers, Toby Dalton, the co-director of the He said three plants have been planned, out of Tuesday in an address in Garhi Khuda Bakhsh. The convict Bilal Mehmood son of Qari Mehmood Ul which one will be established in Chashma and two in Tareen also let it out that show-cause notices were sent Hassan was a member of proscribed organization. He Nuclear Policy Program at the Carnegie Endowment for International Peace said. He said it was critical that the Muzaffargard. He said necessary skill has been to chairmen of PTI who allegedly voted for Pakistan was involved in attacking Law Enforcement Agencies of United States maintain intelligence ties with each coun- acquired to prepare fuel for nuclear power plants and Muslim League-Nawaz (PML-N) in local government Pakistan, which resulted in death of 2 police constables try, apart from any other issues in its relations with them. in Chashma land has been acquired for fuel fabrica- elections. He also announced to take action against those and injuries to 4 others. Sadanand Dhume, a fellow at the American Enterprise tion plant. He said presently fuel for Chashma who were erecting banners in the city against the He was also found in possession of explosives. The Institute said that the U.S. effort to forge tighter bonds power plants are being imported from China. Member of Provincial Assembly (MPA). convict admitted his offences before the Magistrate and with India while ignoring India's concerns about Minister for Water and Power Khawaja A committee was formed to probe the issue and a the trial court. He was awarded death sentence. Pakistan is "a circle that can no longer be squared". Muhammad Asif, Advisor to Prime Minister on report would be forwarded to Chairman of PTI, Imran The convict Sartaj Ali son of Bakht Afsar was a mem- Indian Prime Minister Narenda Modi won election in Foreign Affairs , and Minister of State for Khan, Jahangir Tareen said. - NNI ber of proscribed organization. He was involved in pro- 2014 in part by running as a nationalist who would not Water and Power were also present on viding funds to the terrorists for terrorist activities. He No #14 Continued from page 8 be pushed around by Pakistan, Dhume said. the occasion. admitted his offence before the magistrate and the trial He said "Our mission has gone to every corner of Anything that erodes Modi's image as a strong leader Prime Minister Nawaz Sharif Wednesday inaugu- court. He was awarded imprisonment for life. Morocco for highlighting our products by holding Trade will become a political liability as India moves toward rated the Chashma-III nuclear power plant that will Mehmood Khan son of Bakht Buland was a member its next parliamentary elections in 2019, and so "India is and Business roadshows in every major city and I regu- add 340 MW watt electricity to national grid. of proscribed organization. He was involved in kidnap- becoming much more hawkish in its public opinion and larly meet and brief all the chambers of commerce and The Prime Minister performed the inauguration by ing a Chinese engineer for ransom. The convict admitted its politics," he said. top importers and business leaders". his offence before the magistrate and the trial court. He The India-Pakistan conflict has never been a priority unveiling a plaque at a special ceremony held at the He said, "Morocco was an important country for was awarded rigorous imprisonment for twenty years. in U.S. foreign policy and it's unlikely to become one for Plant. Pakistani exporters as it was the gateway to Africa and The convict Fazal e Ghaffar son of Aqil Khan was a the Trump administration, the analysts agreed. Chashma-III Power Plant is yet another milestone in particular West Africa and these markets were full of member of proscribed organization. He was involved in Despite the United States "vital interest in averting any in the Pak-China joint collaborations. Officials of potential." "Africa is being called the new Asia, by 2050 attacking Police Station Shamozai during which police escalation of nuclear threats between the two countries, China National Nuclear Corporation were present. the population of this continent will reach 4 billion and officials and Frontier Constabulary soldiers were it has done little long-term planning to prevent it and The Plant Manager Riaz Khaliq Ansari briefed the Pakistan cannot ignore Africa anymore," he added. abducted from the said police station. generally engages the issue only when crises arise", Prime Minister about various aspects of the plant. The Ambassador said, "For this reason he had pro- He admitted his offence before the magistrate and the Chaudary said. The Prime Minister was apprised that this was the posed to the government to hold a 'Pakistan-Africa trial court. He was awarded rigorous imprisonment for The India-Pakistan experts suggested that the next third project after successful operation of Chashma- Summit' in Islamabad during 2017." twenty years. - NNI administration would do well to bring new focus and I and Chashma-II projects, which were fully opera- "This is all the more relevant in the backdrop of China coherence to U.S. policy. Pakistan Economic Corridor (CPEC)," he added. Continued from page 1 tional and producing 325 and 340 MW respectively. No #2 The solutions for conflicts dividing India and Pakistan Chashma-IV Nuclear Power Project to be complet- Ambassador Chaudhri was hopeful that the long Reforms will head the Chinese side. are well known, Moeed Yusuf, USIP's associate vice ed in 2017 and Karachi Nuclear Power Projects K-2 delayed Joint Ministerial Commission (JMC) meeting The chief ministers of all provinces are expected to president for Asia programs said. and K-3 will add a total of 8, 800 MW electricity to between Pakistan and Morocco would be held soon after attend the meeting on the invitation of Federal Acknowledging the difficulties of bringing India and the National Grid by 2030 as Mid-Term target for the formation of the new government in Rabat Government. Pakistan to any agreement, he asked, "Is it really impos- Pakistan Atomic Energy Commission. (Morocco). "We have a long agenda of turning MoUs According to official sources, China will provide one sible? At the end of the day, normalization solves every- into agreements and negotiating easier term for our All Nuclear Power Projects, including Chashma- billion dollars to Pakistan in the ongoing week for com- one's problems," he added. - NNI exporters," he said. III have been approved by Pakistan Nuclear pletion of three projects. The amount will be spent on No #5 Continued from page 1 "High level bilateral visits are also expected in 2017 construction of three additional highways related to Regulatory Authority for Nuclear Safeguards as per and all of this would place our bilateral relations with momentum to continue as market sees further gains on western route of CPEC. - NNI International Atomic Energy Agency (IAEA) agree- Morocco in a much higher orbit," he opened. - NNI possible end-of-year window dressing. ments thereby maintaining highest safety standards. No #3 Continued from page 1 The advance to decline ratio in the broader market The project will provide clean and affordable ener- No #15 Continued from page 8 remained in favour of bulls. Out of 407 scrips, 231 Last month, a trade convoy organized by the two gy to the people of Pakistan in line with the present and finally approval for the plea bargain was submit- countries successfully passed through the western part scrips advanced, 158 declined while the value of 18 scrips remained intact. Government vision to control energy crisis. ted before the Honorable Accountability Court for of Pakistan for the first time from the north to the south, The ready market volume increased by 37.50 per cent The project will also contribute to the overall eco- approval. proving the connectivity of local roads and the realiza- to 273.09 million shares as compared to 198.61 million nomic development of the country through energy He chairman said that the NAB since its inception has tion of the concept of "one corridor with multiple pas- shares traded on last trading day. supply to industrial and commercial sectors. - NNI so far recovered 285 billion rupees and during the recent sages" under the CPEC. K-Electric Limited topped the list of actives, improved time it has recovered 45 billion rupees. - NNI Meanwhile, Gwadar Port also marked its first export by Rs 0.05 at Rs 9.25 on 21.98 million shares, followed No #7 Continued from page 1 of massive containers to overseas destinations in by Dewan Cement Limited enhanced by Rs 1.78 at Rs raise punishment for robbery by two years to five years. No #16 Continued from page 8 November, showing that the port's designed handling 39.01 on 18.90 million shares and Bank of Punjab Harsh words were exchanged between Chairman Standing officials on Afghanistan this week, the editorial com- capacity has been restored. decreased by Rs 0.02 at Rs 17.56 on 13.43 million Committee and MQM-P lawmaker Salman Baloch on mented this 'indicate much more is changing in the "Since the commencement of the CPEC, 2016 is the shares. Forced Eviction Bill during the meeting. - NNI region than just the alignment of highways and tunnels'. Other actives were Sui Northern Gas Pipeline "India cannot afford to be blindsided by their involve- year when we have seen a project completed or start No #8 Continued from page 1 working. In addition to the Gwadar Port operations, descended by 0.45 at Rs 78.59 on 13.10 million shares ment with the OBOR project and Chinese plans. CPEC installation of compression plant by TPSG/GENCO- Prime Minister Nawaz Sharif also inaugurated a number and Fauji Cement Company Limited recovered by Rs is no longer a project in Pakistan, but one that runs of others projects in the country, especially in some 0.94 at Rs 43.06 on 11.30 million shares. II and allocation of additional up to 26 MMCFD avail- through it, a project that will link 64 countries," reads The overall market capitalization improved by Rs routes in the western part of the CPEC. There are at least able gas from HRL reservoir to M/s Engro Fertilizer the editorial of The Hindu. 106.26 billion to Rs 9.517 trillion against Rs 9.411 tril- Ltd's old plant for continuation of the plant. So far, the Indian government has not responded to 39 projects, the majority of them related to energy, lion observed on last trading day. where obvious progress has been seen during 2016," The meeting recommended the proposal of the the offer extended by the Pakistani general but the case Hammad Aman, Manager Equity Sales, Topline made by its media is a stellar one. Quoting the editori- Saeed Chaudhry, director of the Islamabad Council for Securities Ltd. said banks led the rally at the bourse (FBR) for extension of the al, "CPEC is no longer a project in Pakistan, but one International Affairs, told Xinhua in a recent interview. today as index gained 504 points or up by 1.06 per cent period of applicability of existing reduced withholding Chaudhry's remarks include the second phase of to close at 47,424 levels. HBL and MCB led the index tax rate of 0.4 percent for non-filers of income tax that runs through it, a project that will link 64 coun- upgrading the Karakorum Highway from Havelian to by contributing 85 points to the gain and were up by 1.5 returns from January 1, 2017 to March 31, 2017. tries." - NNI Thakot and the highway linking Pakistan's largest cities per cent and 2.4 per cent respectively. Power tariff cut in The Finance Division apprised the ECC that State No #17 Continued from page 8 of Karachi and Lahore. Both of the two highways have fuel price adjustment also led interest in cements and Bank of Pakistan's (SBP) principal debt amounting effective legislative measures are required to be taken textiles. SNGP announced EPS of 2.21 Rs /share which been smoothly implemented and for the former, the Rs 54.460 billion outstanding against Zarai Taraqiati up to curtail this practice. were in line with expectations. Stock declined by 0.7 per Abbottabad Tunnel construction project has begun and Bank Limited (ZTBL), as on December 31, 2015, is The Committee was attended by Senators seen substantive progress. cent. SNGP was among the volume leaders with 13mn shares traded. Overall, volumes increased by 37 per cent being converted into redeemable preference shares Muhasmmad Mohsin Khan Leghari, Kamil Ali Agha, In terms of the energy field, China is helping boost to 273mn shares, while value rose by 49 per cent to carrying a profit of 7.5 percent per annum, Osman Saifullah Khan and Mohsin Aziz besides green, low-carbon and sustainable energy development Rs16.4bn/US$157mn. redeemable in 10 years in one bullet payment on Secretary Ministry of Finance and senior officers of the to address power shortage in Pakistan. relevant departments. - NNI Nestle Pakistan Limited and Sanofi Aventis Limited December 31, 2025. Several wind power farms and hydropower stations remained the top gainer by Rs 433.20 and Rs 123.37 to In this regard, the ECC of the Cabinet approved Continued from page 8 are under construction and the eye-catching Port Qasim close at Rs 9,145.71 and Rs 2,590.87 respectively, while No #18 coal-fired power project in Karachi, which adopts a Wyeth Pakistan Limited and Millat Tractor Limited were issuance of guarantee of Rs 54.460 billion by the from the menace of corruption. costly method to lower the temperature of the seawater among the major loser which lost Rs 110.24 and Rs 16.47 in favour of SBP for principal Through another resolution, the Shoora demanded used to cool the generating units in order to prevent to close at Rs 4,605.76 and Rs 872.64 respectively. debt of the preference shares and returns thereon. immediate withdrawal of the Sindh Assembly law ECC also decided that the Ministry of Commerce restricting change of religion for being repugnant to the them from heating up water temperature around the No #6 Continued from page 1 coast, is expected to be completed ahead of schedule and should ensure that there are adequate checks and bal- Shariah and a violation of the constitution and basic efficient plants in the country providing more than play its role in addressing Pakistan's electricity shortage. ances available to maintain the price stability in the human rights. The Shoora condemned the renaming of 600 MW of electricity to the national grid. the Physics Department of the Quaid e Azam University "We are not coming only for big projects, we are here domestic market at the current level. Nawaz Sharif appreciated Pakistan Atomic Energy Islamabad as Dr Abdus Salam Centre of Physics terming to help countries, such as Pakistan, to plan and design In case the domestic price stability is disturbed, Commission (PAEC) for its efforts for self-reliance it a pro-Qadyanis move and demanded its immediate their future energy development blueprints so as to Commerce Ministry would bring Summary to consid- address problems they are facing and to make the proj- in fuel fabrication and said his Government would withdrawal. er cancelling the export permission to sugar exporters. The JI central body also called for determining the ects a reality," Yan Zhiyong, chairman of the Power extend every possible assistance to the Commission Unlike previous years, the ECC of the Cabinet women rights and their social status in line with the Construction Corporation of China, which is charged to help overcome the shortage of electricity in the decided that there will be no freight / export rebate teachings of the Holy Quran and the Sunnah and the with the construction of the Port Qasim coal-fire power country. payable by the Government to sugar exporters on such international law. It called for immediate withdrawal of project, told Xinhua earlier. The Prime Minister referred to the generation tar- exports. the bill concerning women rights adopted by the Punjab According to Bilal Khan, a senior economist at get of 8800 MW of nuclear energy by 2030 and urged the Commission to accept the challenge of Furthermore, only those mills will be allowed to Assembly for being un-Islamic and an attempt to demol- Standard Chartered Bank (Pakistan) Ltd., due to the ish the Islamic family system. enhanced infrastructure such as roads and railways producing more than the target and play its full role export which have cleared outstanding dues of farmers in the development of the country. relating to the last season and have started crushing at It also demanded that a comprehensive plan be pre- brought by the CPEC, the gross domestic product (GDP) pared for women and child welfare in the light of the He said there has been marked reduction in load full capacity. - NNI growth should increase from around 4.7 percent last teachings of the Quran and the Sunnah, in order to free shedding during the last three years and as pledged, year to around 6 percent by 2019, and stay around the the womenfolk from exploitation and injustice as also to same level for 2020 in the southern Asian country. the menace of load-shedding would be over in 2018. No #9 Continued from page 1 "The two-state solution is the only way to achieve a end the negative effects of the western as well as local "The CPEC itself for Pakistan at a bare minimum He said generation of additional 2200 MW of elec- culture and traditions. It stressed that the cases of rape offers a significant opportunity for the country to tricity through K-II and K-III would contribute just and lasting peace between Israelis and Palestinians," Kerry said, but warned that solution was in "serious and molestation of women and children be also tried by address its supply side constraints such as weak foreign towards this effort. the anti-terrorism court. - NNI capital inflow," Bilal Khan told Xinhua earlier, adding The Prime Minister urged PAEC to take all possi- jeopardy". that the CPEC will attract foreign direct investment from ble measures to strengthen safety of existing and However, hinting at the recent development in the UN No #19 Continued from page 8 meeting US president-elect Donald Trump in his latest both private and public sectors to help keep a balanced future power plants as per international standards. While reviewing the proposals for AJK Budget 2016- tweet said that the United States "cannot continue to let current account in Pakistan against a backdrop of He expressed satisfaction that Pakistan Nuclear 17, the Finance Minister said that the present govern- Israel be treated with such total disdain and disrespect". rebounding oil prices. Regulatory Authority has an effective mechanism to ment has always prioritized the welfare requirements of "Before the CPEC, Pakistan's economy was feeble and ensure safety of all plants. No #10 Continued from page 1 AJK. He emphasized that successful and timely imple- stagnant, and investors, even ones of Pakistan origin The Prime Minister thanked China for extending Members Bills, some of them were approved. mentation of development projects in AJK should be were reluctant to invest in it, but right now the econom- cooperation in nuclear field and said the two coun- Committee also discussed issue of approval of Arms ensured. ic indicators of Pakistan have turned positive, investors tries are also actively cooperating in many other Licenses to Members of National Assembly (MNAs) The meeting was attended by senior officials of the Ministry of Finance. - NNI from around the world are flocking to Pakistan, and the areas including construction of roads, motorways, and general public. country's economy has been given new life and is boom- Secretary Interior responded and apprised Committee airports and up gradation of Pakistan Railways. No #20 Continued from page 8 ing and full of future prospects. Pakistan's main issue is He said many projects have been initiated under that recommendations had been prepared in this regard, shortage of revenue and unemployment, but the CPEC which will be finalized by the end of next month. - NNI It said that Pakistan's equities have had a number of CPEC and their impact is now visible. He said all things going their way, like an improving macroeco- will provide solutions for the both," Chaudhry also these projects are being implemented speedily and No #11 Continued from page 1 pointed out. nomic environment, rising economic growth and falling this would result in overcoming challenges of unem- According to details, Ghulam Ali alias Goli revealed The professor also said that further afield, from Russia inflation and interest rates. ployment, poverty and backwardness besides accel- that the plan of setting Baldia factory ablaze was to central Asian states to Sri Lanka, the CPEC will bring The Article said that economy grew close to 6 percent erating the pace of socio economic development. He hatched at Baldia sector office ground. a change to the countries' economies and to the lives of in 2016, up from 4.8 percent in 2015, with inflation run- said projects under CPEC would also bring all Ghulam Ali alias Goli also testified in his confession- more than 3 billion people living in this region. ning around 4 percent, down from 10 percent four years regions of the country more closer. al video that on the day of the incident, Kalo Dada asked ago. - NNI 8 Thursday, December 29, 2016

KSE-100 Index Jhagra tells Agri University Senate Opening 46,920.47 Closing 47,424.63 Change 504.16 Agriculture can % Change 1.07 Turnover (mn) 273.09 Active Issues play pivotal Plus 231 Minus 158 Unchanged 18 role in boosting Top 5 Volume Leaders Symbol Close Vol (mn) economic uplift KEL 9.25 21.98 PESHAWAR: Governor agenda of further streamlining DCL 39.01 18.90 Khyber Pakhtunkhwa Engr. the working of the institution BOP 17.56 13.43 Iqbal Zafar Jhagra has said that was discussed. SNGP 78.59 13.10 agriculture is the backbone of The meeting besides others FCCL 43.06 11.30 the national economy which was also attended by Provincial can play a pivotal role in boost- Minister for Agriculture, Ikram Major Gainers ing up economic development Ullah Gandapur, Vice of the country. Chancellor Agriculture Symbol Close Change It is the responsibility of the University, Prof. Dr. Zahoor NESTLE 9,145.71 433.20 Agriculture University and Swati, Secretary Higher SAPL 2,590.87 123.37 other relevant institutions and Education, Secretary PAKT 1,300.00 55.40 departments to introduce such Agriculture, Principal PKGS 838.16 24.49 ISLAMABAD: Newly appointed Director General ISI, Lt. Gen. Naveed Mukhtar called on President at the scientific advancements which Secretary to Governor, repre- SCL 559.99 24.49 Aiwan-e-Sadr, here on Wednesday. — APP photo can further ameliorate research sentatives of Higher Education based activities in agriculture Commission and members of Major Losers sector. the senate of the university. Symbol Close Change President This, he said, while presiding The Agriculture University, over the Senate meeting of the the Governor said can play a WYETH 4,605.76 -110.24 Indian media advises lauds ISI role Khyber Pakhtunkhwa's vital role in the development of MTL 872.64 -16.47 University of Agriculture here agriculture sector of the NRL 562.37 -12.31 in eliminating Wednesday wherein lengthy See # 12 Page 7 POML 321.00 -10.00 govt to join CPEC MARI 1,384.04 -9.53 terrorism NEW DELHI: After Lt Gen that way and advised its gov- thwarted India's efforts to PTI will establish Sector Updates Aamir Riaz, commander, ernment to become a part of the become a member of the ISLAMABAD: President FERTILISER Southern Command, suggested initiative which was com- Nuclear Suppliers Group. Mamnoon Hussain has lauded the Indian government to shun menced in 2015 by Pakistan According to The Hindu, not the role of ISI in eliminating 000 tonnes enmity and join the China- and China. only China but another impor- terrorism from the country. govt in Punjab Urea Offtake (Jan to May 14) 2,047 Pakistan Economic Corridor a For one, the Indian media has tant player in the region, Iran He was talking to Director Urea Offtake (May 14) 408 few days ago, the Indian media highlighted the role of China as has expressed the desire for General ISI, Lt. General Urea Price (Rs/50 kg) 1,827 advised its government to a global power and its efforts in Gwadar to be a 'sister port' to Naveed Mukhtar who called on soon, says Tareen become a part of the project redrawing the whole One Belt Chabahar. Not only that, sever- DAP Offtake (Jan to May 14) 342 him in Islamabad on FAISALABAD: Secretary besides the Supreme Court rather than oppose it. One Road initiative of China al Central Asian states such as DAP Offtake (May 14) 108 Wednesday. General of Pakistan Tehreek-e- (SC). He said that PTI is a polit- Also on Friday, a Chinese along Central Asia, just to Turkmenistan and others want DAP Price (Rs/50 kg) 3,551 The President expressed the Insaf (PTI), Jahangir Tareen ical party that has a vision and foreign ministry official said incorporate Pakistan's interests. to see Gwadar developed as an hope that the Agency will come has asserted on Wednesday that does not accommodate persons AUTOMOBILE ASSEMBLER the CPEC is an "open initia- India has been unsuccessful in important port through which up to the expectations of the the political party would soon who work for their interests. tive" of its One Belt One Road pinning Pakistan down as far as goods can move through PAK SUZUKI MOTOR nation in defeating the nefari- have the government in Punjab. He alleged the government of project, but it would consider terrorism is concerned, with Pakistan to the Chinese city of ous designs of enemies. He addressed the media dur- attempting to suppress the Units the possibility of other coun- China blocking India's efforts Kashgar. Mamnoon Hussain congratu- ing his visit to Faisalabad Panama Leaks issue but PTI led Production (July 13 to May 14) 69,257 tries joining it through consen- time and again to accuse Noting the importance of the lated Lt. General Naveed Wednesday to sort out alleged the issue to the SC. Sales (July 13 to May 14) 69,866 sus with Pakistan. Pakistan of extending support meeting in Moscow among Mukhtar on becoming the head differences among party's candi- Secretary General of PTI Production (May 14) 6,503 The Hindu, a renowned to terrorist groups. Russian, Chinese and Pakistani of the leading Intelligence dates over local body elections. demanded Pakistan People's Sales (May 14) 6,993 Indian English daily also saw it Also, it was China which See # 16 Page 7 Agency of the country. - NNI On the occasion, Tareen Party (PPP) to explain the INDUS MOTOR CO announced to fight Panama announcement of long march Production (July 13 to May 14) 31,880 Dar reviews Leaks case in 'people's court' See # 13 Page 7 Sales (July 13 to May 14) 32,498 Senate body suggests across Production (May 14) 3,110 proposals of Sales (May 14) 2,917 Exports to Morocco HONDA ATLAS CAR the board amnesty scheme AJK Council Production (July 13 to May 14)20,983 ISLAMABAD: Senate Khan said the scheme is open assurance by the Secretary rise by 81% in Q1 Sales (July 13 to May 14) 21,002 Standing Committee on ended. "It should be time bound Finance to settle the donations for budget Finance and Revenue has rec- and there should be some carrot amounting to Rs. 332.142 mil- Production (May 14) 2,286 ISLAMABAD: The Federal ommended across the board and stick policy in this regard", lion for debt retirement where- Sales (May 14) 2,260 Minister for Finance, Senator amnesty scheme instead for Senator Osman Saifullah Khan as circulars would be issued to over the last year Mohammad Ishaq Dar, chaired BANKING SECTOR Real Estate as the Federal proposed. the Banks for clearance of Rs. ISLAMABAD: Pakistan's mention the sectors that have a meeting here today to review Board of Revenue (FBR) has The Committee also dis- 470.659 million on account of exports to the North African shown improvement it was Scheduled bank (Rs in mn) proposals of the Azad Jammu faced criticism and different cussed in detail the issue of Qarz-e-Hasna. country of Morocco have regis- widely believed that efforts of Deposit (June 13, 14) 7,808,682 & Kashmir (AJK) Council sectors were demanding same Qarz-e-Hasna barrowed by the The Committee was informed tered an increase of 81 percent Pakistan's Ambassador to Advances (June 13, 14) 3,789,443 for the AJK Budget 2016-17. treatment. Government from different by the from July-October 2016 over Morocco Nadir Chaudhri to The Finance Secretary Investments (June 13, 14) 4,103,575 Senator Saleem Mandviwala segments in connection with that a draft amendment is being the corresponding period last diversify exports from tradi- briefed the Finance Minister on Spread (May, 14) 6.11% chaired the meeting of the Qarz Uttaro Mulk Sanwaro proposed to declare sale of year, a State bank of Pakistan's tional sectors have borne fruit. the proposals of the AJK Committee expressed their con- Scheme and the policy adopted bank notes on premium as a report said. Talking to media from Rabat, OIL MARKETING CO Government and apprised the cerns over the matter and called by the Government to retire the punishable offence. The According to the report, this Ambassador Chaudhri said, "It Minister on matters related to (000 tons) for equal treatment. said qarz. Committee recommended that was the highest increase in was the directives and guidance the AJK budget for Financial MS (July 13 to Apr 14) 3,107 Senator Osman Saifullah The Committee was given See # 17 Page 7 exports to any country this year of Prime Minister Muhammad MS (Apr 14) 308 Year 2015-16 as well as Kerosene (July 13 to Apr 14) 130 at a time when Pakistan's over- Nawaz Sharif that had led to Financial Year 2016-17. all exports have fallen. increase in exports." Kerosene (Apr 14) 13 See # 19 Page 7 JP (July 13 to Apr 14) 610 Although the report does not See # 14 Page 7 JP (Apr 14) 68 JI Shoora for SC larger HSD (July 13 to Apr 14) 5,358 'Forbes' lauds HSD (Apr 14) 548 LDO (July 13 to Apr 14) 32 Pakistan's NAB performs duties LDO (Apr 14) 3 bench for Panama probe Fuel Oil (July 13 to Apr 14) 7,563 Fuel Oil (Apr 14) 675 ISLAMABAD: The central the Supreme Court larger bench family members along with the economic within domain of Others (July 13 to Apr 14) 31 Shoora of the Jamaat e Islami, within a specified period so that details of these remissions and Others (Apr 14) 4 progress has desired that a larger bench it did not meet the fate of the taxes paid. constitution: Qamar PRICES (Ex Refinery) Rs of the Supreme Court should previous Commissions includ- It demanded that a new law pro- ISLAMABAD: Pakistan's MS (1 May 14) 73.57 carry the Panama leaks case ing the Hamoodur Rahman viding for the setting up of stock market has rapidly ISLAMABAD: Chairman looters and plunderers and it MS (1 Apr 14) 73.95 against the Prime Minister and Commission, etc. Commission for Enquiry and Trial improved during recent years. National Accountability Bureau returned to the coffer. MS % Chg -0.51% his family to its logical end, but The Shoora demanded that as already passed by the Senate be This was stated by an interna- Qamar Zaman Chaudhry has He said that under Section Kerosene (1 May 13) 73.88 if the court felt the need for set- the Prime Minister stopped dis- also passed by the National tional magazine "Forbes" in an said that NAB is performing its 25-B of Accountability Kerosene (1 Apr 14) 75.97 duties within the domain of Ordinance, every criminal is Kerosene % Chg -2.75% ting up an enquiry commission, charging his official duties so Assembly in the light of the direc- article. JP-1 (1 May 14) 74.14 orders in this regard should also that the dictates of justice were tives of the Supreme Court. It said that the country's constitution and the provision bounded to place a request for JP-1 (1 Apr 14) 76.24 be issued without further delay. fulfilled. It further demanded The Shoora also exhorted all main KSE index has gained of the plea bargain exists in the plea bargain for settlement of JP-1 % Chg -2.75% A resolution adopted by the that Prime Minister should per- political parties to extend full close to 400 percent since laws of the country. case and the request is thor- JP-8 (1 May 14) 73.88 Shoora chaired by the JI sonally present to the court/ cooperation to the court/ 2009, and 40 percent this year Talking to media in oughly reviewed. JP-8 (1 Apr 14) 75.97 Ameer, Senator Sirajul Haq, commission, the details of his enquiry commission in this task alone leaving neighbouring Islamabad on Wednesday, he He said that opinions of the JP-18 % Chg -2.75% said that the plea bargain law experts ware also sought HSD (1 May 13) 79.47 said that the enquiry commis- assets within the country and in order to free the homeland markets in the dust. HSD (1 Apr 14) 83.28 sion should submit its report to abroad besides the assets of his See # 18 Page 7 See # 20 Page 7 helped recover money from the See # 15 Page 7 Dhiyan Hold your horses for now Ghulam Raza Rajani Haji Ghani Haji Usman Mohsin Ahdi Chairman, Demutualization Committee Director, Alfa Ahdi Securities Market is expected to attain further positivity of 100 to As the calendar year end is approaching market is 300 points. Sale of 40 per cent shares of PSX to Chinese expected to remain in volatile phase. Index wise posi- consortium would attract more and more investor this tivity might continue but it would not truly reflect in would boost market further. Discount rate is at its all time overall participation and sectors. Boom in global crude low rate this would attract further investors to equity trad- oil prices would help boost local oil scrips as well as ing. Stable Dollar would support the overall progress of the index. Pharma, cement and auto sector looks weak. market. Investors should avoid from margin trading. Today Investors are advised to refrain from fresh investment market looks positive. and wait for the start of calendar year 2017.

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