VOLUME 13 | No 337 Lahore Regd No. CPI 251 INTERNATIONA WORLD STOCKS/COMMODITIES 6 6P11 P9

Disobedient nun The Gold rises as saved my life, US-China Pope says in new trade truce book An English Daily published simultaneously from Lahore and Faisalabad weighs on PAGES 12 | Rs 20 Buwww.thsebusiiness.ncom.pk eRsabi-ul-Aswal 25, d 1o4l4la0,r Tuesday, December 04, 2018 LHC stays Oil surges 5pc demolition on truce, supply of Governor cuts expected LONDON: Oil prices jumped by House wall more than five percent on Monday after the United States and China agreed to a By Our Staff Reporter 90-day truce in a trade dispute, and ahead of a meeting this week of the pro- LAHORE: The Lahore High Court ducer club OPEC that is expected to cut (LHC) on Monday stayed the govern- supply. ment's decision to demolish the outer U.S. light crude oil rose $2.92 a barrel wall of the Punjab Governor House, to a high of $53.85, up 5.7 percent, be- work on which had started. The demoli- fore easing to around $53.00 by 0930 tion would have offered a clear view of GMT. Brent crude rose 5.3 percent or the majestic colonial-era building to the $3.14 to a high of $62.60 and was last C public from The Mall. trading around $61.60. M "Not a brick should be removed from “From Argentina to Alberta, the oil its place," Justice Mamoonur Rashid or- market news is about supply curtail- Y dered after hearing initial arguments in a ments,” said Norbert Rücker, head of K petition against the razing of the wall. commodity research at Swiss bank Julius "Everyone will be behind bars if the Baer. “A brightening market mood will walls are razed," the judge warned, di- likely extend today’s price rally in the recting that work on the demolition be very near term.”—Reuters stopped immediately until further orders of the court. Prime Minister Imran Khan had or- dered the demolition of the Governor Stocks surge House's boundary wall on Saturday. In- stantly responding to his instructions, the ISLAMABAD: Prime Minister Imran Khan chairs meeting on Southern Punjab. Minister for Planning Makhdoom Khusro Bakhtiar, Chief Minister after China-US Punjab government had started prepara- Punjab Sardar Usman Buzdar and Special Assistant to PM Naeem-ul-Haq are seen in the picture. tions to raze the outer wall on Sunday af- ternoon. trade truce At the outset of the hearing, the court LONDON: A truce between US and inquired whether the wall of the guber- Chinese leaders on trade tariffs boosted natorial office had already been razed. global markets on Monday, fuelling an He was informed by the lawyer for the advance of nearly one percent by world petitioner, Khawaja Mohsin Abbas, that stocks, setting up gains on Wall Street work had been initiated to do the same. Imran hints at early and pushing emerging-market currencies The judge remarked that the wall had higher against the dollar. been present since his childhood, and Equity futures showed all three New asked under whose authority the facility York indexes set for a strong session, falls. with the tech-heavy Nasdaq seen open- ing 2.3 percent higher NQc1 while fu- general election tures for Dow Jones and S&P500 rose g PM warns of stern law against money laundering, holds meeting with newsmen, anchors 1.6 to 1.9 percent 1YMc1 ESc1. European benchmarks rallied almost PM House The Business Report Shehbaz Sharif become the chairman at Multan before the budget 2018, Makhdoom Khosro Bakhtiar, Chief across the board. Germany's DAX of Public Accounts Committee. which is big development towards Minister Punjab Usman Buzdar and .GDAXI - the most sensitive to China refutes Asad's ISLAMABAD: Prime Minister Talking about the economy, PM making a province. Provincial Minister Makhdoon Hashim and trade war fears - led the way with a Imran Khan on Monday hinted at early Khan said, “We got a devastated econ- On Monday the parliamentarians Jawan Bakht briefed in detailed the 2.5 percent rise to its highest since Nov. general election in the country. omy. The government has no role in hailed from Southern Punjab including PM about the formation of Southern 14. resignation The premier held a meeting with the increase and decrease of dollar Federal Minister for Planning Punjab province. —Online The gains came after China and the The Business Report senior journalists and anchors in Is- value.” The premier went on to say that United States agreed at the weekend to lamabad and had a detailed discussion they have failed India’s plan to spread halt additional tariffs. The deal should ISLAMABAD: Prime Minister over political, economic matters and hatred. “We have opened Kartarpur Trump writes letter to Imran, keep their trade war from escalating as House on Monday refuted rumours of Fi- opening Kartarpur border. corridor to botch India’s plan. The mo- they try to bridge differences with talks nance Minister Asad Umar’s resignation. Responding to a question, the pre- tive behind it was never to deceive any- aimed at reaching a deal within 90 days. According to a PM House source, the mier maintained that the formation of one. It is not a googly but a straight seeks help to resolve Afghan issue US President Donald Trump also said reports on resignation about finance min- South Punjab province is a lengthy decision,” declared PM Khan. “We are The Business Report “China has agreed to reduce and remove ister are not true. The Finance Minister phase. “It is quite likely that early gen- determined to solve Kashmir issue. tariffs on cars coming into China from has no intention to resign, the source eral elections are held in the country. This issue can be resolved if both the ISLAMABAD: US President Donald Trump on Monday has written a let- the US Currently the tariff is 40 percent”. said. Changes in ministries can also occur,” government wishes to do it,” he said. ter to Prime Minister (PM) Imran Khan asking for help in resolving the That helped boost European autos more Afghanistan issue. According to sources, the premier held meeting with sen- The minister is receiving severe back- he said. The PM also warned of a stern PM Imran Khan reiterated support to than 4 percent .SXAP. law against money laundering. his U-turn stance saying that they are ior journalists and anchors in Islamabad and discussed ongoing country’s sit- The trade truce was the latest “circuit lash as the dollar became uncontrollable uation. On the occasion, Imran Khan said that Trump has asked for Pakistan’s and rupee faced devaluation. “Big names are being revealed. We only taken by great people. breaker” needed to trigger a return to risk assistance for negotiation with Afghan Taliban. US has also realised now that appetite, said Guillermo Felices, head of Apart from economic experts and op- will not let officers following go-slow PM directs to activate Southern peace cannot be attained in Afghanistan without Pakistan’s help, he added. position, the inner circle of the govern- policy to succeed. The opposition can Punjab HQ before budget research and strategy in the Multi-Asset, Trump asked for Pakistan’s “support and facilitation” in negotiating an end Quantitative and Solutions team at BNP ment is also not satisfied with Asad walk away if they cannot support us,” Prime Minister Imran Khan has is- to the war and offered to renew the strained relationship, Pakistan’s foreign Umar’s performance. pronounced the PM. sued directions to activate administra- Paribas Asset Management, ministry also confirmed. “The first was markets pricing in a Rumours were rife from Monday He stressed that they will not let tive headquarters of Southern Punjab more dovish Fed, the second, more ag- morning that the finance minister has re- gressive policy stimulus by the Chinese signed from his post following the criti- authorities and the third, easing trade ten- cism. sions,” he said. However; the PM House while putting “China can deliver on the easy things an end to the claims termed them base- Bloodbath at PSX as benchmark like buying more agriculture as they need less and false. those goods, but when you go into the The minister has full support of the territory of intellectual property, and in- Prime Minister and will continue per- dustrial and technology policy, you are forming his duties despite of problems, clashing with China’s long-term aims,” the source added. loses 1,335 points in intraday trading The Business Report currently associated with Topline Se- According to investors, their trust in ing days," he said, adding that the pol- he said. —Reuters curities, held the SBP's decision to the incumbent government has shaken icy announcement was unexpected in KARACHI: The Pakistan Stock raise its policy [target] rate by 150 bps because it has failed to announce a the current scenario. Exchange (PSX)-100 index plummeted as well as the recent rupee depreciation proper road map for economic stability While the government has been Govt again to 1,400 points in intraday as the trading responsible for the riots at the bourse. so far, he said, adding that because of pretty comfortable politically, the econ- Dollar closes opened on Monday. He said that the SBP projected real all these setbacks to the investors' con- omy remains in the eye of the storm. talk with Opp Trading opened at 40,496 points and GDP growth for FY19 at slightly above fidence, a negativity is looming large The government has had to grapple at Rs 137.84 dropped to 39,177 points within an 4pc. He added that it is believed that over the bourse. with fast depleting foreign exchange The Business Report hour ─ a change of 1,319 points ─ be- the reduced GDP growth slows down According to Khursheed, the market reserves and ever-widening deficits. on PAC Chief fore further diving down to 39,090, development in various sectors, in- will remain volatile till January 2019, The rupee closed at 139.06 to the KARACHI: The value of US dollar ISLAMABAD: Government has de- down 1,335 points or 3.5 percent. cluding cement. when the ruling government is ex- dollar in the interbank market on Nov on Monday declined by Rs1.21, against cided to kick off the talks with the oppo- The fall comes after the State Bank Talking about the sentiments at the pected to enter the IMF programme. 30 — a depreciation of 3.8pc in its Pakistani rupee, in interbank market. sition on the matter of appointment of of Pakistan (SBP) raised key lending capital market, Khursheed said that in- "Till then political and economic value. Bankers said the rupee plunge Following a 0.87 percent decline the Chairman Public Accounts Committee. rate by 150 basis points (bps) to 10 per- vestors and brokers say they were fear- events will dictate the bourse," he said, happened as the SBP silently watched dollar value was recorded at Rs137.84 in The sources said that the federal gov- cent on Friday and a fall in the value of ing a gloomy situation resembling to adding that any big development on the demand for dollars rising on im- interbank market while Rs139 in the C ernment gave signal to opposition that the rupee on the same day. the 2008 crisis. part of the government to restore in- ports and external debt payments. It open market. However, its value is fluc- any MNA from the PML-N might be The benchmark index has shed more Another factor, he said, was in- vestors' confidence will change the di- was so intense and sudden that the dol- tuating between Rs136.75 and Rs139. M picked as Chairman Public Accounts than 3,000 points during the tenure of creased interest rate. Based on discus- rection of the market. lar surged to Rs144 at one point on Fri- On Friday, dollar jumped by 3.7 per- Committee except detained opposition the current regime. The benchmark sions with investors in the equity Ahsan Mehanti, another analyst, re- day before closing lower. cent (Rs 2.60). The experts were of the Y leader Shahbaz Sharif and Khawaja Asif. KSE-100 Index had closed at 42,447 market as well as brokers, he said that marked: "The recent hike in policy rate Also on Nov 30, the SBP raised its view that the decrease in the dollar value K Moreover, the government would also points when the PTI government came they were expecting the interest rate to is the main reason behind the market key policy rate by 150 basis points to was seen after the monetary policy ap- carry out negotiation with the opposition into power. The index was floating at be further increased to 14pc and thus, crash." contain inflation, a product of several proved (November 30) that has proposed on elections of chairmen standing com- around 42,447 points at 12:45 midday. they are aiming to tap into the fix in- "The market is under pressure and economic factors, most notably a an increase of 1.5 percent in interest rate mittees. —Online Senior Analyst Naveed Khursheed, come market. will remain under pressure in the com- weaker rupee. on imports. Qatar to say goodbye to Opec in Jan 2019, says minister DOHA: Qatar is to leave Opec next month and had “nothing to do with the blockade”, he Qatar's oil production is around 600,000 in order for the Gulf state to focus on gas pro- said. barrels per day and it is the world's 17th largest duction, the country's new Energy Minister Qatar would continue to produce oil and producer of crude oil, according to specialist Saad al-Kaabi announced in a surprise move seek deals in countries including Latin Amer- website, world data.info. on Monday. ica's top oil producer Brazil, said Kaabi. It also only holds around two percent of the Qatar has been a member of Opec since But gas production would remain the top world's global oil reserves, according to the 1961, and the decision to pull out comes at a priority for Qatar, which is the world's the CIA World Factbook. turbulent time in Gulf politics, with Doha biggest exporter of liquified natural gas Kaabi said Opec had been informed of the under a boycott by former neighbouring allies (LNG). decision on Monday ahead of the announce- including Saudi Arabia for 18 months. “We don't have great potential (in oil), we ment and that he would still attend the organi- “Qatar has decided to withdraw its mem- are very realistic,” said Kaabi, who described sation's Vienna meeting later this week, his bership from Opec effective January 2019 and himself as “Mr Gas” during the conference. “first and last” as energy minister. this decision was communicated to Opec this “Our potential is gas. That meeting is expected to set a policy for morning,” Kaabi said at a Doha press confer- “I think it's inefficient to focus on something 2019 and despite Qatar's announcement, oil ence. that's not your core business and something prices soared on Monday after Russia and Kaabi, who also heads state-owned Qatar that's not going to benefit you long-term.” Saudi Arabia renewed a pact to cap output. Petroleum, denied the move was linked to the In September, Qatar announced it planned Opec is dominated by oil-rich Saudi, which feud with Saudi Arabia and its allies. to boost gas production to 110 million tonnes along with its allies has had no ties with Qatar KARACHI:A stockbroker monitors share prices during a trading session at The decision was “technical and strategic” per year by 2024. since June 2017. —AFP the Pakistan Stock Exchange (PSX). The Business | LAHTuOesdayR, DeceEmber 040, 22018 Quick Read Aslam meets delegation in Expatriates Pak Embassy properties worth Moscow Rs438m retrieved By Our Staff Reporter By Our Staff Reporter LAHORE: Provincial Minis- ter for Trade and Industry Mian LAHORE: The Overseas Pakistanis Aslam Iqbal has said that vast Commission (OPC) Punjab has got re- investment opportunities exist in trieved properties of expatriate Pakistanis Pakistan and especially the amounting to Rs 438 Million during the province of Punjab. last two months. A conducive atmosphere has Vice Chairperson OPC, Waseem Akhtar been provided to the investors and while giving details in this regard in- investment is fully protected. All formed that these properties of Overseas the local and foreign investors are Pakistanis were retrieved from illegal oc- provided various facilities under cupation with the help of administration one roof. Foreign investors of Lahore, Gujranwala, Rawalpindi, Sahi- should therefore, invest in Punjab wal, Gujrat, Khaushab, Sialkot and Toba and take benefit of the facilities. Tek Singh districts. He expressed these views Waseem Akhtar said that on the special while talking to a delegation at instructions of Chief Minister Punjab, the Embassy of Pakistan in Usman Buzdar, OPC is engaged in provid- Moscow. Aslam Iqbal is on a tour ing various services to expatriates and a of Russian Federation along with comprehensive policy is being pursued to a delegation led by Chief Minis- facilitate them. He said that Overseas Pak- ter Balochistan Jam Kamal. Spe- istanis can any time contact OPC for reso- cial Assistant to CM KPK lution of their problems. Khurram Khan Bangash is also included in the delegation. Talking on the occasion, he said that Punjab government has Plan to overcome a introduced a new industrial pol- icy to promote industry as it will shortage of help to overcome the issues like unemployment and poverty. anesthetists He said that 12.5 industrial growth rate per annum has been By Our Staff Reporter LAHORE: Disabled community protest in front of the Punjab Assembly for their legal rights on the eve of International Day of Disabled Persons. fixed in the industrial policy. Five lakh skilled labour force LAHORE: On the directions from will be trained every year to meet Health Minister, Punjab Specialized the market needs. Similarly spe- Healthcare and Medical Education cial economic zone will be setup (SH&ME) Department has evolved special and SEZ Authority has been es- plan to overcome shortage of Anesthetists tablished to solve the problems of at five District Headquarter Hospitals. Sec- Pakistan being made a the industrialists. This authority retary Saqib Zaffer in a notification at- will provide necessary facilities tached four medical education institutions to the investors. with above said district hospitals. “Faisalabad Medical University would welfare state, says CM cover anesthesia services while Quid-e- By Our Staff Reporter office. Chief Minister also listened for the new Pakistan and the country local and industrial investors for in- Azam Medical College Bahawalpur would to the problems of the people and is- will be served with dedication and dustrial growth adding that special Byco increases look after DHQ Hospitals Lodhran” the no- LAHORE: Punjab Chief Minister sued on-the-spot directions. Talking commitment. Chief Minister said economic zones will be established tification read. Similarly Nishtar Medical Sardar Usman Buzdar has said that to them, Usman Buzdar said that ex- that PTI government is making sin- in different parts of the province. its share in Pak University, Multan would cover anesthesia targets of 100 day plan of PM will be pectations of the people towards PTI cere efforts to transform Pakistan as He said that technical and voca- services of DHQ Hospital Vehari and DHQ achieved adding that we have come government will be fulfilled. He re- a true welfare State. tional education will be given new gasoline supply Hospital Bahwalnagar while Services In- into power to serve the masses. iterated that welfare of general pub- Government is speedily moving dimensions and the youth belonging stitute of Medical Sciences, Lahore has Punjab government is working in lic is the centre of attention of the forward to achieve targets of 100 to backward and remote areas will sevenfold given the task to look after requirements of the right direction and livestock sec- government. day plan, he said. Usman Buzdar be enabled to earn their livelihood LAHORE: Pakistan’s lead- DHQ Hospital Nankana Sahib. tor will be transformed. He disclosed Our every step is taken to said that new industrial policy will through necessary technical training ing Oil Refining Company, “The Duty roster/ rotation of Anesthetists that a number of new laws and strengthen the indigent strata in the leave positive impacts on the provin- facilities. The trained youth will be Byco Petroleum Pakistan Ltd shall be mutually decided by the Vice amendments are part of implementa- society and provision of necessary cial economy. able to earn honorable employment (BPPL) announced results for tion plan of 100 day agenda. We are Chancellor/Principal and Medical Superin- facilities to them is an important pri- Establishment of new industries opportunities, he added. its first quarter ended September thankful to PM for his sincere guid- ority. will result in creating additional em- Chief Minister said that PM Khan tendent of attached DHQ Hospital con- 30, 2018. The company’s gross ance about the Punjab. My team will Targets have been set to improve ployment opportunities. Increased is the centre of hope of the people. sales increased by 61pc to Rs cerned” says the notification. It is worth set the new records of public welfare the quality of life of the people and investment will help achieve eco- He will lead the nation to its des- mentioning here that surgical operation had 66.4 billion from Rs 41.4 billion by working day and night, he added. government will also fulfill the ob- nomic stability and this will result in tination and he will be remembered in the same quarter last year. been disturbed due to shortage of Anes- He expressed these views while jectives of a new Pakistan, he added. industrial growth. He said that con- as a true revolutionary leader, the thetists in these five districts. The net turnover increased by talking to different delegations at his We will move forward in unison ducive atmosphere is provided to Chief Minister concluded. 71pc to Rs 53.7 billion from Rs 31.4 billion a year earlier. The refineries sector in Pak- istan experienced a tough quarter Awareness campaign due to rising crude prices and Pak Fast track promotion policy being rupee depreciation. for combating child This squeezed the profitability of the sector, however, Byco managed both the risks better introduced, says IGP labour launched than the industry peers. By Our Staff Reporter choice so that they may perform their meeting of 40 officers with IG Pun- tral police office,9 from Muzaffar By Our Staff Reporter Byco Petroleum generated a duties with full concentration. jab who were promoted from DSP to garh,7 from jhang,3 from Toba Tek gross profit of Rs 1.7 billion in LAHORE: The Police Department This was expressed by Inspector SP rank during this week. Singh and 01 from Multan. Two LAHORE: Labour & Human Resource Department, the first quarter. The net profit for Government of the Punjab launched Awareness cam- and nation pay tribute to the officers General of Police (IGP) Punjab, DIG Headquarters Babar Bakht women police officers have also the quarter was Rs 397 million, paign for combating child labour here on Monday. and officials who sacrificed their lives Amjad Javed Saleemi on Monday, Qureshi and AIG Discipline Zubair been given prizes. or Rs 0.07 per share. An event in this regard was organised in the audito- There had been increase in and get wounded for protection of while addressing to two different Dareshak were also present at this Moreover, during the meeting rium of Saeed Ahmed Awan Centre for Improvement of lives and property of people. functions at central police Lahore on occasion. IG Punjab said that for the with newly promoted SPs, IGP said, manufacturing expenses as com- Working Conditions and Environment (SAA-CIWCE). pared to same period last year Therefore, the parallel process of Monday. In first ceremony 60 best first time the policy of Fast Track you will have to prove yourself to Ansar Majeed Khan, Minister Labour & HR Depart- mainly due to startup of the two reward and punishment is going on. officers and officials from all promotion policy is being introduced serve the people with true spirit so ment was chief guest on this occasion. units of the Company i.e. Re- This process of encouragement will be province who showed extraordinary which will be implemented within 3 that people may know that you well Ms Sarah Aslam, Secretary Labour & Human Re- former and Isomerization. Since continued and for the very first time in performance were given commenda- to 4 months and by this policy the deserved this promotion. source Department welcomed the guests and stated that start of the Isomerization Unit in Punjab police the Inspector to SP rank tion certificates and cash rewards promotion of highly qualified and He emphasized upon officers that the Labour & HR Department is committed for Elimi- July 2018, the Company has been officers will be posted by their own whereas second ceremony was about diligent officials will be integrated policing is the most difficult task of nation of Child & Bonded Labour throughout the converting 100pc of its Naphtha by a test conducted under the aegis the world because your enemy is province. She said that this initiative is in line with Gov- into Motor Gasoline. Share of the of PPSC and promotion will be present everywhere so as a first line ernment of Pakistan’s International commitments under Company has increased from 1pc given who pass this test so that it respondent you should remain alert various conventions and treaties, it has signed, as well to 7pc in country supply pool of may enhance the moral of force. round the clock so that people may as various federal and provincial laws enacted in pur- Motor Gasoline. In the ceremony cash prizes worth be provided justice in true sense. suance of such International commitments to eliminate Although Byco Petroleum is 20 lac 65 thousand rupees have been IG Punjab told that 342 inspectors all forms of child and bonded labour. not immune to the industry- distributed to 60 officers from six have been promoted on 800 vacant Children serve at roadside tea stalls/restaurants, weld- wide challenges, the company districts and officials of CPO along posts of inspectors so far whereas a ing units, auto workshops, road transport, battery has much more to accomplish with commendation certificates. promotion board will be held on 4th recharging shops and petrol pumps/service stations or and is confident in its ability to Among the recipients of prizes, December for the remaining and this any other hazardous areas. create value for its sharehold- there were 16 from district Faisal- process will go on to fulfill process Withdrawing them from work and ensuring their re- ers, customers, and all other abad, 14 from DG khan,10 from cen- of appointment on vacant posts. habilitation are major challenges. stakeholders. —PR CarFirst launches first NAB files corruption Disabled people to all-female staff purchase reference against officials be given special centre for used cars status, says Chohan LAHORE: The CarFirst (an OLX female mechanic at Toyota in Pak- By Our Staff Reporter Group company), Pakistan’s leading istan, has organically fit in well with of Saaf Pani company used-car online auction, and trading CarFirst achieving that goal. By Our Staff Reporter ficials of Punjab Saaf Pani Com- based filtration plants installed in LAHORE: Punjab Minis- platform have launched Pakistan’s CarFirst wants to change this per- pany South and others which was Tehsil Dunyapur were not in- ter for Information and Culture first all-female staff Purchase Center. sistent cultural narrative that the LAHORE: National Accounta- subsequently converted into ‘In- cluded into the contract even in the Fayyaz-ul-Hassan Chohan has The Purchase Center is located in auto industry mostly employs men. bility Bureau (NAB), Lahore files vestigaton’ dated August 20, 2018. list of 4 x priority Tehsils etc. said that 'Special persons' de- heart of Lahore’s corporate business We are proud of our female staff an interim Reference No. 93/2018 Moreover, during the course of Taking cognizance over the al- served special treatment in so- hub in Mini Market in Gulberg. members who excel across all com- in Accountability Court (AC), La- investigations, it was revealed that legations of corruption and corrupt ciety and not the corrupt who CarFirst’s Mini Market Gulberg pany departments, and am happy to hore against 20 accused persons in with malafide intentions a contract practices, NAB Lahore officials had looted the public money. Purchase Center operations are fully share that we are constantly looking a case titled “Investigation against was awarded to KSB Pumps for in- arrested 4 x accused persons Speaking at the inaugura- managed by a female purchase man- to hire women for traditionally Management of Punjab Saaf Pani stallation of 82 x water filtration namely Chief Technical Officer Dr tion of day-long family festi- ager and a female inspection spe- male-dominated roles such as in- Company South (PSPC) and oth- plants on exorbitant rates and with- Zaheer-ud-Din, Chief Procure- val for the persons with ers” following the allegations of out proper approval of engineering ment Officer Nasir Qadir Badhal, cialist, who happens to be spection specialists, purchase center disabilities at PILAC here on awarding an illegal contract to estimates/technical sanction. Consultant Engineer M Saleem Monday, he said the govern- Pakistan’s 1st car mechanic! managers, dealer and sales man- KSB Pumps for installation of 116 Furthermore, it was also re- Akhtar and Managing Director ment would introduce legisla- Women car owners will be able to agers, customers services, etc.” x Water Filteration Plants al- vealed that illegal addendum of KSB Pumps Muhammad Masud tion to accord special status to ister expressed the resolve to have their cars inspected by a fe- CarFirst recently also launched legedly on exorbitant rates and 36 x additional Filteration Plants Akhter on April 17, 2018 followed the people with disabilities. provide equal opportunities male mechanic and negotiate their their Dost Program, an incentive pro- malafide involvement of PSPC was also approved wherein the by arrest of accused Deputy Sec- The festival was held to for the people with disabili- sale with a female manager, so they gram open to everyone who wishes Officers/officials by means of cor- scope of the project was already retary Housing Khalid Nadeem commemorate the Interna- ties in the cultural ministry, never feel uncomfortable in such a to help their friends and loved ones ruption and corrupt practices changed. Later, the case findings Bukhari on May 2, 2018. Investi- tional Day for Persons with adding that talented persons situation ever again. sell their cars to CarFirst. Anyone which resultantly caused a collec- revealed that civil, electrical and gations with the above mentioned Disabilities. The minister said with disabilities would be Commenting on this, Raja Murad can become a CarFirst Dost by reg- tive loss amounting to Rs 345.282 solar works were also executed at accused disclosed involvement of hearts and minds of the spe- given awards to acknowledge Khan, Co-Founder, and CEO of istering online, free of cost, and re- million to national kitty. exorbitant rates during installation other co-accused namely Raja Qa- cial persons beat for the their achievements. CarFirst said, “A large number of fe- ceive a cash reward for each car sold It was also alleged that the ac- of these Water filtration Plants in marul Islam and accused former progress and prosperity of the Later, Fayyaz-ul-Hassan male customers had requested an all- to CarFirst via their reference. cused persons assertly prepared Bahawalpur Region including the CEO Wasim Ajmal who were also country, adding that these Chohan met the people with female center where they can come The first car gets Rs. 3,000, the Engineering cost estimates at use of substandard material which got arrested on 25th of June 2018. people were blessed with ex- disabilities and shared special and have their cars inspected and second Rs. 9,000, and the first pay- much higher rates in connivance was found below the required Later, NAB Lahore arrested 5 x traordinary abilities. moments with them. He also sold. We are happy to cater to their out is made as soon as the first two with consultants and Officers/of- standard specifications. The In- more accused persons during last He asked the Director Gen- listened to their demands. request and create a space for women cars are purchased. For every subse- ficials of PSPC, whereas, vestigations against the accused week of November 2018. eral PILAC Sughra Sadaf to He also had a photo-ses- to comfortably interact with our fe- quent car, the CarFirst Dost will earn weather shield applications on persons further disclosed that the The arrested ones include for- hold such ceremonies for the sion with the special persons. male staff. Building a female- Rs. 6,000, with chances of unlocking these plants was also found ap- Weather Shield applied on exter- mer Deputy Secretary Zahoor special persons after three The minister gave away me- friendly purchase center has been a additional rewards and bonuses by proved on exorbitant rates. nal walls of Filteration Plants in Ahmed Dogar, ex-Chief Resident months, adding that their tal- mentos to various philanthro- very important goal for us and bring- achieving target milestones. Incen- According to further details, Bahawalpur was also found Engineer Maj (Retd) Adnan Aftab ents should be acknowledged pists on the occasion. Veteran ing Uzma on board as an Inspection tives are earned only when the car is NAB Lahore initiated an ‘Inquiry’ marked on exorbitant rates, Khan, Resident Engineer Syed round-the-year. The Punjab TV actor Arshad Mehmood Specialist, who I believe is the first Purchased by CarFirst. —PR against management/ officers / Of- whereas, 8 x Solar and Grid Masoud-ul-Hassan Kazmi. information and culture min- moderated the event. The

O Business Minimum 12:0 C Maximum 26:0 OC Sunset 05:10pm Sunrise (Tomorrow) 06:33am | INTERwVww.thebuIsinesEs.com.Wpk Tuesday, December 4,0 20138 Interview with CCPIT Sub-Council of Chemical Industry Vice-Chairman Chunyan Ma Events like CAC Exhibition could further improve Sino-Pak trade ties g CPEC is a great project and the people of both PROFILE S.MA Chunyan is a Senior Engineer, graduated from sides should be proud of this venture Shenyang University of Chemical Technology. exhibiting companies from 30 Pakistani companies take part in She is Vice-Chairman of CCPIT Sub-Council of Chemical HE CAC Exhibitions countries and regions occupying CAC in Shanghai, but holding of Industry (CCPIT CHEM). like event can prove over 80,000 square meters of CAC in Lahore can give the chance M She is also a member in the Expert Guidance Group on instrumental in exhibiting space, and over 30,000 to the business community to meet Pesticide improving trade visitors from more than 100 with their counterparts, know and Management in Ministry of Agriculture and Rural Affairs relations and countries and regions. The 4th CAC trust each other better. Thus the of China. promoting local agriculture Pakistan Summit, being held by exhibition has played an important She has been devoting to the construction of the global development. Both Pakistan and CCPIT CHEM and LCCI in Lahore, role in bringing the business T platform about product show, trade negotiation and China have been enjoying the is the overseas event of CAC in community of both the countries loveliest brotherly relationship. Shanghai. closer and tied to each other. There technical exchange in the field of chemical industry and Although we are different from have discussions that a number of crop protection. each other in terms of the level of DTB: What trade potential do Chinese companies are ready to She has led Chinese enterprises to more than 30 countries economic prosperity and progress, I you see in agro-chemical sector of work with close coordination with to communicate, including Brazil, Britain, Germany, the believe Pakistan will also achieve both the countries? their Pakistani counterparts. I believe United States, Russia, Vietnam, Thailand, Pakistan, DTB ng the same development as Chunyan Ma: During the last 30 that during the last three years Philippines, Indonesia, Kenya, etc. that of China, under the years China has made outstanding through the holding of CAC in She is the core leader of the China International development plan of the Pakistani development in the agricultural Lahore, we and our partner LCCI Agrochemical & Crop Protection Exhibition held in each government. China-Pakistan sector, and immense development have done a great job in improving March in Shanghai, which is the largest Agrochemical Economic Corridor (CPEC) is a and progress in the sectors covering cooperation and relations between great project and the people of pesticide, fertilizer, seed, equipment the businessmen of Pakistan and Exhibition around the world. both the countries should be and machinery & implement, and China in the agro-chemical sector. promote and exhibit their proud of this venture. CCPIT agro processing technologies. So far products, conduct business DTB: How do you see the Sub-Council of Chemical as the trade potential in the agro- DTB: Are you satisfied with the cooperation, and serve for local future of China-Pakistan Industry Vice-Chairman chemical sectors of both countries is level of interest Pakistani agriculture development. Economic Corridor (CPEC)? Chunyan Ma speaks concerned, there is a dire need of businessmen are taking in the Chunyan Ma: It is really a great exclusively to Daily the more frequent exchange. And the CAC Exhibition every year? DTB: How many companies project not only for China but also Business in Lahore CAC Exhibitions like event can Chunyan Ma: Well, I am very including Pakistani and the for Pakistan. This will provide a ahead of 4th CAC prove instrumental in understanding satisfied with the number and Chinese are holding stalls of their substantial chance of economic and Pakistan Exhibition in the demand of each other to quality of the Pakistani visitors products in the Exhibition? human development of both Lahore. introduce advanced agricultural to the exhibition, however, the Chunyan Ma: 38 Chinese countries. This is a great project inputs as mentioned above, so as to number of exhibiting companies companies are holding their stalls in the and the people of both countries DTB: What is improve trade ties and promote from Pakistan as compared to exhibition while 15 Pakistani companies should be proud of this venture. CAC China? local agriculture development. For the Chinese exhibiting are exhibiting, setting up over 120 Chunyan the agro-chemical industry companies is still small. I hope standard booths. They are from different DTB: Thank you very much Ma: CAC is the development, we need more in the near future more local sectors of agro-chemical industry Chunyan Ma: Thank you short name of infrastructures and planning from companies will also exhibit in including pesticide, fertilizer, seed, China both countries. Pakistan and China the CAC Pakistan event, as this equipment, agricultural machinery, International have been enjoying the loveliest is one of the best platforms to logistics, and other technologies. Agrochemical brotherly relationship. Although we and Crop are different from each other in Protection terms of the level of economic Exhibition, which prosperity and progress, I believe is being organised Pakistan will also be achieving the by CCPIT Sub- same development as that of China, Council of under the development plan of the Chemical Industry its government. (CCPIT CHEM) every March in DTB: You are conducting Shanghai. CCPIT fourth exhibition in Pakistan. CHEM was set up in What response you have received 1990 in Beijing, in Pakistan, especially from the and launched businessmen engaged in the agro- CAC exhibition chemical business? in 1999. During Chunyan Ma: Well, CAC the next year in exhibitions have improved the 2019 CAC will agriculture exchange greatly celebrate its between Pakistan and China during 20th the last three years. It has provided anniversary. the businessmen with the most CAC is world extensive opportunity of sharing largest agro- their products, ideas and chemical and experiences, and conducting crop protection business cooperation. CCPIT Sub-Council of Chemical Industry (CCPIT CHEM) ViceChairman Ms.MA Chunyan giving interview to By M J Hayat exhibition, with more than 1,300 Every year, a good number of Daily The Business while Director Division 1 Isabel Dong (center) is also present. 4th CAC Summit to help transfer agro-technology in Pakistan By Our Special Correspondent Sub-Council of Chemical Industry, China, Muhammad The LCCI President Almas Hyder threw light on the Chinese entrepreneurs and will also help transfer of Azher, Deputy Director, Department of Plant Protection factors like low agriculture productivity and growing modern technology for Pakistani agriculture sector. LAHORE: The 4th CAC Pakistan Summit will pave Allah Ditta, Saad Akbar Khan from Pakistan Crop demand for food encourage the use of crop protection They said that agro-chemicals have contributed way for joint ventures between Pakistani and Chinese Protection Association, Director Agricultur Dr Sher chemicals. He said that the excessive use of pesticides on significantly in raising agricultural yield and there is entrepreneurs and will also help transfer of modern Muhammad Sherawat spoke on the occasion. fruits, vegetables still a lot of room to technology for Pakistani During the and crops causes bring improvement in agriculture sector. There conference China health and this sector. lies an immense Agro-chemical environment Engineer Jawed Saleem potential of agro- Manufacturing hazards. “We need Qureshi threw light on chemicals in Pakistan Capability, Trends and to be very cautious aims and objectives of 4th which must be utilised future, Pakistani while selecting the CAC Pakistan Summit. on priority basis. The Crops and Demand for right pesticides and He said that there lies an excessive use of Agrochemicals and while using the right immense potential of pesticides on fruits, Machineries, amount of these agro-chemicals in vegetables and crops Pesticides chemicals”, the Pakistan which must be causes health and Registration LCCI President said utilised on priority basis. environment hazards. Management Updates and added that Director Agriculture, This was upshot of the in Pakistan, Most Sold Pakistani pesticide Punjab Dr Sher speeches delivered by Pesticides and Future market is import Muhammad Sherawat Chinese and Pakistani Trend in Pakistan, dependent. The high shared his knowledge experts at the CAC Pakistani Pesticides prices of imported Jawed Saleem Qureshi about major insect pests Almas Hyder Pakistan Conference. Market and Import & pesticides promote smuggling and at the same time fake of major crops, insect pests of rice crop, economic The LCCI President Almas Hyder, Senior Vice Export Situation, Pakistani Fertilizers Makret and Future chemicals which adversely affect the economy as well as threshold levels and new chemistries of insecticides. President Khawaja Shahzad Nasir, Vice President- Fahim- Development, Current Status and Future Trend of environment. Saad Akbar Khan gave a presentation on contribution ur-Rehman Saigal, Chairman Engineering Council of Agricultural Machineries, Current Status of Chinese Khawaja Shahzad Nasir and Fahim-ur-Rehman of agriculture sector in GDP, its growth, Seed and Pakistan Engineer Jawed Saleem Qureshi, Muhammad Agricultural Machinery Industry & leading Machinery Saigal said that said that 4th CAC Pakistan Summit Fertilizer markets, crop protection and Chinese Nadeem Qureshi, Fan Liqian and Ms. Maggie Ma from and Technology came under discussion. will pave way for joint ventures between Pakistani and pesticides industry.

LCCI President Almas Hyder, SVP Khawaja Shahzad Nasir,VP Faheem Seghol, Four Brothers CEO Muhammad Nadeem Quresh Chairman Engineering Council of Pakistan Engineer Jawed Saleem Qureshi, members of Chinese delegation and other on the occasion of 4th CAC Pakistan Summit The Business | PAKISTAN STOCK EXCHATuNesdayG, DeceEmber 040, 24018

Dost Steels Ltd. 5.91 5.97 5.50 5.64 -0.37 First National Bank Modaraba. 1.56 1.70 1.55 1.70 -0.06 PSX100 Index Drekkar Kingsway Ltd. 4.16 4.28 4.07 4.13 -0.44 First Pak Mod. 1.84 1.84 1.84 1.84 -0.05 Huffaz Seamless Pipe Industrie. 24.11 25.15 24.01 24.01 -1.14 First Prudential Mod. 1.34 1.78 1.33 1.43 0.02 Current 39160.60 International Industries Ltd. 152.00 152.00152.00 152.00 -8.00 First Punjab Mod. 4.00 4.20 4.00 4.00 -0.12 High 40496.03 International Steels Ltd. 74.52 74.52 74.52 74.52 -3.92 First Treet Manufacturing. 14.89 14.89 14.89 14.89 -1.00 Low 39014.56 Ittefaq Iron Industries Ltd. 11.51 11.51 10.92 10.98 -0.94 First UDL Mod. 11.30 11.30 11.29 11.29 -1.00 KSB Pumps Co Ltd. 190.00 195.00187.00 189.50 -5.50 Habib Metro Modaraba. 9.60 10.00 9.60 10.00 0.00 Change -1335.43 Metropolitan Steel Corporation 13.75 15.49 13.75 15.49 0.74 KASB Modaraba. 1.74 1.74 1.74 1.74 0.24 AUTOMOBILE ASSEMBLER Mughal Iron & Steels Ind Ltd. 47.00 47.05 46.36 46.36 -2.44 Modarba Al-Mali. 4.15 4.15 4.15 4.15 -0.25 Smbol Open High Low Current Change Orient rental Modaraba 8.80 8.80 8.80 8.80 -0.70 Al-Ghazi Tractors Ltd. 603.00 603.00575.80 578.72 -27.38 FERTILIZER Orix Modaraba. 16.61 16.61 16.61 16.61 -0.74 Dewan Farooque Motors Ltd 18.50 18.99 18.44 18.44 -1.00 Arif Habib Corporation Ltd. 28.60 29.40 28.32 29.02 -0.79 Popular Islamic Madaraba 0.00 3.40 3.40 3.40 0.00 Ghandhara Industries Ltd. 282.22 284.49282.22 282.22 -14.85 Dawood Hercules Corporation. 121.00 123.00119.81 120.13 -5.87 Sindh Modaraba. 5.10 5.10 5.10 5.10 0.58 Ghandhara Nissan Ltd. 104.26 104.26104.26 104.26 -5.48 Engro Corporation Ltd. 311.00 312.00300.73 300.88 -15.67 Trust Mod. 3.80 3.80 3.80 3.80 0.30 Ghani Automobile Industries. 6.51 6.65 6.07 6.20 -0.41 Engro Fertilizers Ltd. 75.51 75.90 72.99 73.03 -3.34 Hino Pak Motor Limeted. 570.55 608.00568.75 568.75 -29.93 Fatima Fertilizer Co Ltd. 33.56 34.50 33.00 33.02 -1.48 OIL & GAS EXPLORATION COMPANIES Honda Atlas Cars (Pak) Ltd. 200.00 200.00196.64 196.64 -10.34 Fauji Fertilizer Bin Qasim Ltd. 39.01 39.01 37.65 37.65 -1.98 Mari Petroleum Co Ltd. 1415.00 1415.001330.00 1360.93 -30.38 Indus Motor Co Ltd. 1289.00 1304.99 1230.061241.60 -53.19 Fauji Fertilizer Co. Ltd. 97.75 97.75 93.64 93.64 -4.92 Oil & Gas Development Co . 149.50 149.65143.26 144.46 -3.08 Millat Tractor Ltd. 975.01 975.10941.02 957.00 -27.87 Pakistan Oilfields Ltd. 494.00 496.00476.12 480.88 -5.12 Pak Suzuki Motors Co Ltd. 224.00 224.05220.56 220.56 -11.60 FOOD & PERSONAL CARE PRODUCTS Pakistan Petroleum Ltd. 174.00 174.59166.50 169.22 -0.09 Sazgar Engineering Works Ltd. 238.00 247.02234.67 234.67 -12.35 Al-Shaheer Corporation. 24.21 25.25 23.98 23.98 -1.26 At-Tahur Ltd. 20.30 20.50 20.06 20.06 -1.05 OIL & GAS MARKETING COMPANIES AUTOMOBILE PARTS & ACCESSORIES Clover Pakistan Ltd. 155.10 155.10153.89 153.89 -8.09 Attock Petroleum Ltd. 465.01 480.00455.90 457.85 -22.04 Agriautos Industries Co. Ltd. 208.10 208.10208.10 208.10 -10.90 Engro Foods Ltd. 83.50 86.00 82.35 82.35 -4.33 Burshane LPG (Pakistan) Ltd. 35.50 35.50 35.16 35.16 -1.85 Atlas Battery Ltd. 206.89 206.89196.21 196.35 -10.17 Fauji Foods Ltd. 30.12 31.70 30.12 30.12 -1.58 Hascol Petroleum Ltd. 196.49 196.49190.44 190.44 -10.02 Exide Pakistan Ltd. 230.03 230.03230.03 230.03 -12.10 Matco Foods Ltd. 28.90 28.90 28.31 28.31 -1.49 Hi-Tech Lubricants Ltd. 64.62 64.62 64.46 64.46 -3.39 General Tyre & Rubber Co. 91.90 91.90 88.17 88.17 -4.64 Murree Brewery Co Ltd. 761.25 773.00760.00 760.00 -40.00 Pakistan State Oil Co Ltd. 267.00 267.00255.27 255.27 -13.43 Loads Ltd. 24.10 24.20 23.83 23.87 -1.21 National Foods Ltd. 195.00 203.23193.07 193.07 -10.16 Shell Pakistan Ltd. 260.00 266.44254.00 254.34 -12.10 Thal Ltd. 428.01 428.01419.65 419.65 -22.08 Nestle Pakistan Ltd. 8611.00 8611.008611.00 8611.00 -384.00 Sui Northern Gas Pipe Line Ltd. 75.68 75.68 75.68 75.68 -3.98 Quice Food Industries Ltd. 4.70 4.70 4.55 4.61 -0.14 Sui Southern Gas Co Ltd. 23.01 23.30 23.01 23.01 -1.21 CABLE & ELECTRICAL GOODS Shezan International Ltd. 464.00 475.00450.01 450.01 -14.50 EMCO Industries Ltd. 14.75 14.75 14.55 14.55 -1.00 Shield Corporation Ltd. 251.01 251.01245.00 245.00 -10.12 PAPER & BOARD Johnson & Philips (Pak) Ltd. 63.32 63.40 63.32 63.32 -3.33 Treet Corporation Ltd. 26.12 26.25 25.79 25.79 -1.35 Century Paper & Board Mills. 54.62 54.62 53.97 53.97 -2.84 Pak Elektron Ltd. 27.60 27.62 27.07 27.07 -1.42 Treet Corporation Ltd.(PTCs) 7.30 7.30 6.01 6.28 -0.72 Cherat Packaging Ltd. 167.00 169.90164.70 164.70 -8.66 Pakistan Cables Ltd. 164.88 164.88164.88 164.88 -8.67 ZIL Ltd. 75.75 75.75 75.39 75.39 -3.96 Merit Packaging Ltd. 19.90 19.90 19.15 19.21 -0.94 Siemens (Pak) Eng. Co. Ltd. 890.00 890.01864.60 872.71 -37.39 Packages Ltd. 380.13 380.13370.19 371.40 -18.27 WAVES Singer Pakistan Ltd. 29.95 29.95 28.62 28.62 -1.50 GLASS & CERAMICS Pakistan Paper Products Ltd. 122.90 126.73122.90 124.99 4.29 Baluchistan Glass Ltd. 8.60 9.07 8.25 8.40 -0.67 Roshan Packages Ltd. 22.60 22.60 22.08 22.08 -1.16 CEMENT Frontier Ceramics Ltd. 19.86 20.50 19.86 20.50 -0.40 Security Papers Ltd. 88.08 90.00 88.00 88.90 -1.98 Attock Cement Pak Ltd. 125.11 128.50124.21 124.21 -6.53 Ghani Glass Ltd.(R2) 43.01 43.01 42.75 42.75 -2.24 Bestway Cement Ltd. 113.50 116.00113.44 114.05 -5.20 Ghani Glass Ltd. 54.00 54.00 53.39 53.75 -2.07 PHARMACEUTICALS Cherat Cement Co. Ltd. 74.69 74.69 74.69 74.69 -3.93 Ghani Global Glass Ltd. 9.10 9.24 8.80 8.96 -0.51 Abbot Laboratories Pak Ltd. 555.00 555.11555.00 555.11 -17.89 D. G. Khan Cement Co. Ltd. 92.34 92.34 92.34 92.34 -4.85 Ghani Value Glass Ltd. 28.99 28.99 28.99 28.99 -1.01 AGP Ltd. 74.80 78.15 74.25 74.25 -3.90 Dandot Cement Co. Ltd. 13.00 13.00 13.00 13.00 -1.00 Shabbir Tiles and Ceramics Ltd. 18.00 18.10 17.61 17.61 -1.00 Ferozsons Laboratories Ltd. 165.01 165.01160.53 160.53 -8.44 Dewan Cement Ltd. 13.52 13.52 13.00 13.00 -1.00 Tariq Glass. 88.00 89.00 85.82 85.85 -4.48 Glaxo SmithKline Healthcare. 310.00 323.00300.14 300.14 -15.79 Fauji Cement Co Ltd. 21.65 21.99 21.58 21.58 -1.13 Glaxo SmithKline Pakistan Ltd. 131.00 131.00126.92 126.92 -6.67 Fecto Cement Ltd. 36.50 36.50 36.50 36.50 -1.50 INSURANCE Highnoon Laboratories Ltd. 321.88 325.00321.88 325.00 -13.14 Flying Cement Co Ltd. 15.96 15.96 15.96 15.96 -1.00 Adamjee Insurance Co. Ltd. 44.50 45.00 43.50 44.06 -1.14 IBL HealthCare Ltd. 52.00 52.00 50.12 50.12 -2.63 Gharibwal Cement Ltd. 17.50 17.85 17.06 17.60 -0.41 Askari Gen Insurance Co. 24.17 24.25 24.17 24.20 -0.76 Sanofi-Aventis Pakistan Ltd. 837.50 855.00837.50 838.00 -43.50 Javedan Corporation Ltd. 30.50 31.00 30.10 31.00 0.01 Askari Life Assurance Co Ltd. 10.75 10.75 10.53 10.62 -0.59 The Searle Co Ltd. 250.00 250.00245.36 245.37 -12.90 Kohat Cement Co. Ltd. 90.10 90.10 90.10 90.10 -4.74 Atlas Insurance Ltd. 62.80 63.65 60.47 60.47 -3.18 Wyeth Pakistan Ltd. 1048.86 1058.861048.86 1048.93 -55.13 Lucky Cement Ltd. 475.01 475.01469.23 469.23 -24.69 Century Insurance Co.Ltd. 23.55 23.59 23.55 23.59 1.09 Maple Leaf Cement Factory. 46.01 46.01 46.01 46.01 -2.42 Cresent Star Insurance Ltd. 1.98 2.09 1.81 1.90 -0.09 POWER GENERATION & DISTRIBUTION Pioneer Cement Ltd. 46.78 46.78 46.78 46.78 -2.46 E. F. U. Gen Insurance Ltd. 103.00 103.26103.00 103.26 -4.73 Arshad Energy Ltd. 6.00 6.00 5.50 5.51 -0.64 Power cement Ltd 7.62 8.39 6.84 6.87 -0.97 Habib Insurance Co Ltd. 11.36 11.36 11.25 11.25 -0.10 Engro Powergen Qadirpur Ltd. 30.75 30.75 30.04 30.15 -0.85 Safe Mix Concrete Ltd. 7.80 7.80 7.25 7.32 -0.58 IGI Holdings Ltd. 218.10 224.49217.93 221.85 -7.54 Hub Power Co Ltd. 93.03 93.03 90.04 90.55 -4.22 Thatta Cement Co Ltd. 14.30 14.60 14.30 14.44 -0.55 Jubliee Life Insurance Co Ltd. 550.00 550.00550.00 550.00 0.00 K-Electric Ltd. 5.50 5.50 5.29 5.35 -0.29 Pakistan Reinsurance Comp. 34.40 35.98 34.39 35.70 -0.44 Kohinoor Energy Ltd. 35.72 37.00 35.70 36.99 -0.51 CHEMICAL PICIC Insurance Ltd.(XR) 1.89 1.89 1.65 1.71 -0.04 Kohinoor Power Co Ltd. 2.42 2.50 2.41 2.41 -0.19 Agritech Ltd 5.72 5.72 5.10 5.24 -0.60 Shaheen Insurance Co Ltd. 4.95 4.95 4.95 4.95 -0.20 Kot Addu Power Co. 52.50 52.50 51.00 51.31 -1.37 Akzo Nobel Pakistan Ltd. 143.00 143.00138.00 138.00 -6.01 United Insurance Co. 9.85 10.30 9.75 10.30 0.14 LALPIR Power Ltd. 16.35 16.48 15.60 15.64 -0.96 Archroma Pakistan Ltd. 506.01 507.00500.00 501.09 -18.91 Nishat Chunian Power Ltd. 25.00 25.00 24.04 24.39 -0.91 Bawany Air Products Ltd. 5.80 5.80 5.80 5.80 -0.20 INV. BANKS / INV. COS. / SECURITIES COS. Nishat Power Ltd. 28.00 28.55 27.13 27.17 -1.38 Berger Paints Pakistan Ltd. 87.05 87.05 86.83 86.83 -4.56 786 Investments Ltd 24.10 24.30 24.00 24.21 0.39 Pakgen Power Ltd. 17.01 17.49 16.60 16.99 -0.36 Bifo Industries Ltd. 230.00 230.00224.00 224.17 -6.83 Arif Habib Ltd. 42.40 46.62 42.40 43.92 -0.48 Saif Power Ltd. 25.00 25.50 24.79 25.50 -0.59 Data Agro Ltd 15.19 16.85 15.19 16.85 0.66 Cyan Ltd. 44.00 44.00 40.85 40.85 -2.15 Tri -Star Power Ltd. 4.60 5.09 4.55 5.03 0.13 Descon Oxychem Ltd.. 33.89 33.89 32.56 32.56 -1.71 Escorts Investment Bank Ltd. 16.90 16.90 16.80 16.80 -1.00 DYNEA Pak 83.53 86.46 83.13 84.37 -3.13 First Capital Sec.Corp. Ltd. 1.75 1.76 1.75 1.75 -0.11 REFINERY Engro Polymer & Chemicals. 37.11 37.21 36.30 36.30 -1.91 First Credit & Investment Bank. 4.00 4.00 4.00 4.00 -0.02 Attock Refinery Ltd. 184.91 188.99184.91 184.91 -9.73 Ghani Gases Ltd. 13.05 13.05 12.46 12.55 -0.69 First Dawood Investment Bank. 1.95 2.00 1.90 1.95 -0.09 BYCO Petroleum Pak Ltd. 9.75 9.75 8.80 8.92 -0.69 ICI Pakistan Ltd. 695.00 708.24672.83 697.91 -10.33 First National Equities Ltd. 6.55 6.57 5.90 5.99 -0.39 National Refinary Ltd. 283.00 285.00278.22 278.22 -14.64 Ittehad Chemical Ltd. 27.51 27.80 27.15 27.15 -1.42 Invest Capital Investment Bank. 1.15 1.34 1.15 1.28 0.08 Pakistan Refinery Ltd. 25.71 26.48 25.71 25.71 -1.35 Leiner Pak Gelantine Ltd. 14.11 16.00 14.10 16.00 0.91 Jahangir Siddiqui & Co Ltd. 14.50 14.60 13.75 14.27 -0.40 Lotte Chemical Pakistan Ltd. 18.55 18.55 17.86 18.06 -0.80 JS Global Capital Ltd. 0.00 28.87 28.87 28.87 0.00 SUGAR & ALLIED INDUSTRIES Nimir Industrial Chemical Ltd. 59.86 60.00 59.85 59.85 -3.14 JS Investments Ltd. 9.25 9.50 9.00 9.00 -0.34 Adam Sugar Mills Ltd. 30.15 30.24 30.00 30.13 0.42 Nimir Resins Ltd. 8.51 8.55 7.82 7.97 -0.84 Next Capital Ltd. 7.25 7.25 7.25 7.25 0.00 Al-Abbas Sugar Mills Ltd. 207.00 207.00194.90 194.90 -3.09 Pakistan Oxygen Ltd. 205.01 212.75205.00 205.00 -5.01 Pakistan Stock Exchange Ltd. 16.00 16.00 15.42 15.42 -1.00 Ansari Sugar Mills Ltd. 13.30 13.40 13.30 13.40 -0.13 Pakistan PVC 4.34 4.34 4.34 4.34 -0.47 Pervez Ahmed Securities Ltd. 0.90 0.90 0.88 0.89 0.00 Dewan Sugar Mills Ltd. 5.41 5.49 5.27 5.29 -0.71 Sitara Peroxide Ltd 33.12 33.75 32.67 32.67 -1.71 Security Investment Bank Ltd. 10.54 10.54 10.54 10.54 -1.00 Faran Sugar Mills Ltd. 65.10 68.60 65.10 68.00 -0.41 Wah Noble Chemicals Ltd. 316.48 325.00316.48 321.25 7.25 Trust Investment Bank Ltd. 1.34 1.40 1.30 1.30 -0.01 Habib Sugar Mills Ltd. 37.10 37.10 37.06 37.06 -1.94 Trust Securities & Brokerage. 7.90 7.90 7.90 7.90 0.25 Habib-ADM Ltd. 44.99 45.02 44.99 45.00 2.12 CLOSE - END MUTUAL FUND Haseeb Waqas Sugar Mills 4.21 4.60 4.20 4.44 -0.39 Golden Arrow. 7.31 7.40 7.30 7.30 -0.30 LEASING COMPANIES Husein Sugar Mills Ltd. 21.45 22.47 21.44 21.62 -0.94 HBL Growth Fund 11.51 11.51 11.41 11.41 -0.39 Grays Leasing Ltd. 4.65 4.69 4.65 4.69 0.99 Imperial Sugar Ltd. 20.15 20.50 20.05 20.10 -1.00 HBL Investment Fund 4.12 4.39 4.01 4.39 0.18 Orix Leasing Pakistan Ltd. 28.65 28.65 28.10 28.20 -0.46 J. D. W. Sugar Mills Ltd. 270.27 284.99270.27 284.99 0.50 Security Leasing Corp. 9.65 9.65 8.00 8.64 -0.34 Mehran Sugar Mills Ltd. 108.99 109.02103.00 104.00 0.17 COMMERCIAL BANKS SME Leasing Ltd. 2.70 2.70 2.40 2.40 -0.39 Mirpurkhas Sugar Mills Ltd. 97.85 100.00 97.85 98.28 -4.72 Allied Bank Ltd. 103.40 105.00100.01 101.97 -1.76 Noon Sugar Mills Ltd. 67.00 71.40 67.00 71.40 3.40 Askari Bank Ltd. 25.56 25.70 24.70 25.00 -0.31 LEATHER & TANNERIES Sakrand Sugar Mills Ltd. 25.80 26.55 24.65 26.55 1.26 Bank Al-Habib Ltd. 76.00 76.00 74.00 75.01 -1.51 Bata Pakistan Ltd. 1546.00 1546.001530.01 1540.00 -56.00 Sanghar Sugar Mills Ltd. 23.74 24.49 23.74 24.49 -0.49 Bank Alfalah Ltd. 51.00 51.39 49.40 49.82 -0.25 Service Industries. 720.00 720.50700.00 720.50 -4.50 Shahmurad Sugar Mills Ltd. 135.01 145.85135.00 145.34 6.40 Bank Of Punjab. 13.49 13.59 12.83 13.00 -0.24 Shahtaj Suger Mills Ltd. 60.00 65.48 59.86 65.48 2.47 Bankislami Pakistan Ltd. 13.90 14.28 13.50 13.68 0.37 MISCELLANEOUS Sindh Abadgars Sugar Mills Ltd. 15.50 15.75 15.50 15.63 0.63 Faysal Bank Ltd. 25.65 25.65 24.80 24.87 -0.92 AKD Capital Ltd. 112.00 115.58112.00 115.58 0.00 Thal Industries Corporation Ltd. 190.00 190.00190.00 190.00 -10.00 Habib Bank Ltd. 141.51 141.90132.87 134.41 -5.45 ECOPAK Ltd. 16.07 16.07 15.75 15.75 -1.00 Habib Metropolitn Bank Ltd. 44.00 44.00 42.30 42.96 -1.36 Olympia Mills Ltd. 6.61 6.85 6.49 6.49 -1.00 SYNTHETIC & RAYON JS Bank Ltd. 6.40 6.80 6.34 6.80 0.23 Pace (Pakistan) Ltd. 2.15 2.15 2.01 2.09 -0.11 Ibrahim Fibre Ltd. 62.70 62.70 62.70 62.70 -3.30 MCB Bank Ltd. 208.10 208.40198.00 200.17 -5.93 Shifa Int. Hospital Ltd. 200.00 201.00196.48 197.23 -9.59 Rupali Polyester Ltd. 32.05 32.05 32.05 32.05 -1.68 Meezan Bank Ltd. 99.95 99.99 93.60 98.25 1.96 Siddiqsons Tin Plate Ltd. 21.35 21.35 20.61 20.72 -0.97 Tri-Star Polyester Ltd. 16.15 16.15 15.57 15.66 -0.91 National Bank Of Pakistan. 49.00 49.20 47.90 48.11 -0.64 Synthetic Products Enterprises. 34.11 34.11 34.06 34.06 -1.79 Silk Bank Ltd. 1.18 1.18 1.14 1.16 -0.02 TPL Properties Ltd. 7.12 7.12 7.12 7.12 -0.63 TECHNOLOGY & COMMUNICATION Soneri Bank Ltd. 12.06 12.06 12.00 12.05 -0.05 Tri-Pack Films Ltd. 114.00 114.00110.20 110.20 -5.80 Avanceon Ltd. 84.50 84.61 82.86 82.86 -4.36 Standard Chartered Bank Pak. 25.30 26.67 25.30 25.96 0.56 United Brands Ltd. 30.69 32.30 30.69 30.69 -1.61 Hum Network Ltd. 5.60 5.60 4.95 5.25 -0.35 Summit Bank Ltd. 0.92 0.96 0.89 0.91 -0.01 United Distributors Pakistan. 37.67 37.67 37.67 37.67 -1.98 Media Times Ltd. 0.91 0.95 0.90 0.91 -0.03 The Bank of Khyber. 12.60 13.31 12.35 12.35 -0.05 NetSol Technologies Ltd. 102.00 102.39100.95 100.95 -5.31 United Bank Ltd. 144.00 144.30134.95 140.73 -0.80 MODARABAS Pak Datacom Ltd. 51.55 51.55 51.55 51.55 -1.42 Allied Rental Modaraba. 14.00 14.00 14.00 14.00 0.00 Pakistan Telecommunication. 10.75 10.79 10.45 10.52 -0.39 ENGINEERING B.R.R. Guardian Modaraba. 6.51 7.50 6.51 7.19 -0.31 Systems Ltd. 113.50 115.00113.00 115.00 -2.47 Ados Pakistan Ltd. 36.86 36.86 36.86 36.86 1.75 First Al-Noor Mod. 2.90 2.90 2.90 2.90 0.35 Telecard Ltd. 1.67 1.67 1.48 1.51 -0.14 Aisha Steel Mills Ltd. 10.21 10.24 9.41 9.51 -0.90 First Elite Capital Mod. 3.09 3.09 2.60 2.60 -0.47 TPL CORP Ltd. 5.86 6.04 5.65 5.95 -0.16 Amreli Steels Ltd. 55.06 55.06 55.06 55.06 -2.89 First Equity Mod. 3.50 3.50 3.50 3.50 -0.10 TRG Pakistan Ltd. 27.37 27.45 26.46 26.46 -1.39 Bolan Casting Ltd. 78.55 78.55 77.51 77.51 -4.07 First Fidelity Leasing Mod. 4.00 4.00 4.00 4.00 0.00 Worldcall Telecom Ltd. 1.75 1.75 1.55 1.60 -0.10 Crescent Steel & Allied Product. 63.80 63.80 58.73 58.75 -3.07 First Habib Mod. 10.15 10.25 10.00 10.25 -0.05 More rates on page 6 The Business Stock & Currency | 05 Tuesday, December 04, 2018

TEXTILE COMPOSITE Saritow Spinning Mills Ltd. 6.20 6.20 6.20 6.20 0.20 ENGRO-DEC 307.50 311.04304.34 304.34 -16.01 Artistic Denim Mills Ltd. 0.00 62.50 62.50 62.50 0.00 Service Textile Mills Ltd. 12.50 12.60 12.50 12.50 -1.00 EFERT-DEC 76.00 76.00 73.56 73.62 -3.40 Azgard Nine Ltd 11.90 12.20 11.56 11.59 -0.97 EFOODS-DEC 84.51 84.51 83.13 83.13 -4.37 Bhanero Textile Mills Ltd. 940.00 940.00940.00 940.00 -25.00 TEXTILE WEAVING EPCL-DEC 37.15 37.50 36.68 36.68 -1.93 Bleesed Textile Ltd. 291.28 309.99291.28 309.99 3.38 Ashfaq Textile Mills Ltd. 5.42 5.42 5.42 5.42 -1.00 FCCL-DEC 22.13 22.86 21.72 21.75 -1.11 Crescent Textile Mills Ltd. 24.80 24.80 24.71 24.71 -1.30 Prosperity Weaving Mills Ltd. 23.31 23.31 23.28 23.28 -1.22 FFBL-DEC 38.25 38.26 38.25 38.25 -2.01 Faisal Spinning Mills Ltd. 304.95 304.95304.95 304.95 -16.05 Samin Textiles Ltd. 4.26 4.50 4.25 4.50 0.10 FFC-DEC 93.59 93.59 93.10 93.10 -4.90 Feroze1888 Mills Ltd. 81.49 83.49 78.47 79.84 -2.76 Service Fabrics Ltd. 3.76 3.85 3.70 3.78 -0.42 FFL-DEC 31.25 31.25 30.43 30.43 -1.60 Ghazi Fabrics International Ltd. 4.41 4.50 4.25 4.25 -0.36 Yousuf Weaving Mills Ltd. 3.46 3.50 3.10 3.28 -0.31 GATM-DEC 50.50 50.50 49.40 49.50 -2.19 Gul Ahmed Textile Mills Ltd. 51.00 51.00 48.99 49.32 -2.24 Hala Enterprises Ltd 13.11 13.11 12.94 12.94 -1.00 TOBACCO HBL-DEC 142.45 142.45132.77 134.43 -5.32 Kohinoor Industries Ltd. 5.01 5.50 5.01 5.44 0.34 Khyber Tobacco Co. Ltd. 450.00 450.00433.20 433.20 -22.80 HUBC-DEC 91.17 91.17 91.17 91.17 -4.79 Kohinoor Mills Ltd. 28.04 28.04 28.03 28.03 -1.47 Pakistan Tobacco Co Ltd. 2260.01 2260.012259.20 2259.20 -118.90 ISL-DEC 75.21 75.21 75.21 75.21 -3.95 Kohinoor Textile Mills Ltd. 49.49 50.90 48.39 48.39 -2.54 KEL-DEC 5.55 5.55 5.32 5.37 -0.32 Masood Textile Mills Ltd. 86.01 86.01 86.00 86.00 -4.41 TRANSPORT KAPCO-DEC 52.00 52.00 52.00 52.00 -0.91 Nishat (Chunia) Ltd. 54.60 55.50 54.50 54.50 -2.86 Pak International Airline Corp. 5.60 5.76 5.25 5.30 -0.59 LOTCHEM-DEC 18.77 18.77 18.05 18.18 -0.87 Nishat Mills Ltd. 147.00 147.00140.43 140.43 -7.39 Pakistan Int.Container Terminal. 211.00 214.00211.00 214.00 -6.00 LUCK-DEC 477.01 480.00474.70 474.70 -24.98 Redco Textile Ltd. 2.86 2.86 2.85 2.85 -0.05 Pakistan Intl. Bulk Terminal Ltd. 11.50 11.50 10.68 10.69 -0.99 MLCF-DEC 46.15 46.15 46.15 46.15 -2.42 Reliance Weaving Mills Ltd. 32.61 32.61 32.54 32.54 -1.71 Pakistan National Shipping Co. 64.90 64.90 61.26 61.26 -3.22 MCB-DEC 201.50 201.50201.49 201.49 -7.01 Suraj Cotton Mills Ltd. 128.10 130.00128.10 130.00 0.00 NBP-DEC 49.20 49.49 48.20 48.90 -0.61 VANASPATI & ALLIED INDUSTRIES NCL-DEC 55.13 55.20 55.13 55.13 -2.90 TEXTILE SPINNING Punjab Oil Mills Ltd. 221.49 221.49221.49 221.49 10.49 NML-DEC 145.71 145.71140.80 140.80 -7.41 Amtex Ltd. 1.31 1.34 1.22 1.25 -0.10 S .S . Oil Mills Ltd. 34.41 34.41 34.41 34.41 -1.81 OGDC-DEC 148.00 148.00142.40 143.18 -2.15 Bilal Fibres Ltd. 2.51 2.59 2.00 2.11 -0.40 Unity Foods Ltd. 30.49 30.49 28.94 29.15 -1.31 Chakwal Spinning Mills Ltd. 2.61 2.61 2.40 2.49 -0.18 PAEL-DEC 28.00 28.00 27.36 27.36 -1.43 Colony Textile Mills Ltd. 3.60 3.71 3.60 3.70 -0.18 WOOLLEN PIBTL-DEC 11.60 11.78 10.78 10.78 -1.00 D. S. Industries Ltd. 3.02 3.02 2.80 2.91 -0.16 Bannu Woollen Mills Ltd. 47.00 47.00 47.00 47.00 -0.50 POL-DEC 502.00 502.00481.00 484.42 -6.72 Dewan Farooque Spinning Mills. 2.55 2.68 2.45 2.46 -0.09 PPL-DEC 174.00 175.00168.00 169.86 -0.64 Dewan Textile Mills Ltd. 3.00 3.00 3.00 3.00 -0.15 REAL ESTATE INVESTMENT TRUST PRL-DEC 26.35 26.35 26.11 26.11 -1.37 Gadoon Textile Mills Ltd. 287.10 289.00280.25 289.00 -6.00 Dolmen City REIT. 12.01 12.01 11.98 12.00 -0.01 PSO-DEC 267.00 267.00256.52 256.52 -13.50 Hira Textile Mills Ltd. 4.80 4.80 4.18 4.57 -0.46 PTC-DEC 10.60 10.60 10.45 10.50 -0.35 Island Textile Mills Ltd. 1667.40 1667.401508.60 1508.60 -79.40 FUTURE CONTRACTS PIOC-DEC 47.21 47.21 47.09 47.09 -2.47 J. A. Textile Mills Ltd. 5.19 6.19 5.19 5.19 -1.00 ASL-DEC 10.37 10.37 9.53 9.60 -0.93 POWER-DEC 7.60 7.60 6.85 6.88 -0.97 J. K. Spinning Mills Ltd. 26.16 26.16 26.13 26.15 -1.35 AKBL-DEC 26.05 26.69 25.25 25.25 -0.25 STCL-DEC 18.40 18.40 17.80 17.80 -1.00 Khalid Siraj Textile Mills Ltd 1.57 1.57 1.50 1.55 -0.13 ATRL-DEC 189.00 196.27186.46 186.46 -9.81 STPL-DEC 21.19 21.20 20.49 20.63 -0.93 Kohinoor Spinning Mills Ltd. 2.81 2.85 2.62 2.69 -0.23 BAFL-DEC 51.00 51.00 48.20 49.36 -1.24 SNGP-DEC 76.77 76.77 76.63 76.63 -4.03 Landmark Spinning Mills Limite 6.95 6.95 6.95 6.95 0.83 BOP-DEC 13.56 13.62 12.95 13.17 -0.21 Nazir Cotton Mills Ltd. 2.31 2.35 2.30 2.31 -0.11 SSGC-DEC 23.45 23.45 23.36 23.36 -1.22 BYCO-DEC 9.30 9.39 8.87 8.96 -0.78 Reliance Cotton Spinning Mills. 0.00 141.10141.10 141.10 0.00 SEARL-DEC 254.00 254.00247.70 247.70 -13.03 CHCC-DEC 75.48 75.48 75.48 75.48 -3.97 Ruby Textile Mills Ltd. 5.51 5.65 5.25 5.65 -0.34 TRG-DEC 27.30 27.30 26.71 26.71 -1.40 DGKC-DEC 93.16 93.31 93.16 93.16 -4.90 Saif Textile Mills Ltd. 18.40 18.40 18.13 18.13 -1.00 UBL-DEC 144.99 144.99136.31 141.44 -2.04 Sally Textile Mills Ltd. 7.50 8.50 7.50 7.50 -1.00 DOL-DEC 33.70 33.70 32.89 32.89 -1.73 UNITY-DEC 30.30 30.30 29.36 29.40 -1.50 Bullion rates Shipping activity at Port Qasim Foreign Currency KARACHI (APP):Following were the Bullion Prices in KARACHI (APP): Six ships, Tor- tainers, Phosphoric Acid and Palm oil tonnes imports cargo and 23,047 tonnes Hyderabad on Monday. rente, Hansa America, Agre Kinsale, also arrived at outer anchorage of Port export cargo, Inclusive of containerized KARACHI A(APcP)c: ount Scheme Star Eagle, Bel Ocean and Navios Qasim during last 24 hours. cargo carried in 3,393 Containers KARACHI: (per 10 gram) Ulysses carrying Containers,Soya Bean A total of ten ships were occupied at (TEUs), (2,180 TEUs imports and Gold Tezabi 24-CT Rs 54741.00 Seeds and Coal were allotted berths at PQA berths to load/offload Containers, 1,213 TEUs Exports) was handled dur- Silver Tezabi Rs 736.00 Qasim International Container Termi- Coal, Soya Bean Seeds, LNG, Palm ing last 24 hours. Four ships, SM Sa- nal, Grain & Fertilizer Terminal, Pak- Kernel, Palm oil and Diesel oil respec- vannah, CMA CGM Rigoletto, The Foreign Exchange Rates Commit- istan International Bulk Terminal, tively, Out of ten, two ships, Container Maritime Nordic and Ginga Caracal tee of Financial Market Association of Pakistan issued the MULTAN: (per 10 gram) following Base Rate, here on Monday. Gold Tezabi 24-CT Rs 54260.00 Multi-Purpose Terminal and Port Qasim vessel Torrente and Edible oil carrier carrying Containers, Palm oil and Phos- Electric Power Terminal respectively on Silver Dubai are expected to sail on phoric Acid are expected to take berths FOREIGN CURRENCY ACCOUNTS SCHEME -- RATES Gold 22-CT Rs 49610.00 U.S. DOLLARS VALUE 03-12-18 Thursday. Monday afternoon. at QICT, LCT and EVTL respectively BAY BID MAXIMUM RATES Silver Tezabi Rs 735.00 Meanwhile four more ships, SM Sa- Cargo handling remained efficiently on Monday, While two more container FOR PAYMENT OF INTEREST BY Silver Thobi Rs 675.00 vannah, CMA CGM Rigoletto, Ginga at the Port where a cargo volume of ships, As Paola and Diyala are due to ar- ETHERIZED DEALERS R A T E S Caracal and Chemroad Aqua with Con- 178,680 tonnes, comprising 155,633 rive at Port Qasim on Saturday. HYDERABAD (per 10 gram) Gold-Tezabi-24-ct Rs.55100/10 For 3 mont hs Gold-Tezabi 22-ct Rs.50500/10 EXCHANGE RATES FOR CURRENCY NOTES and over but Silver-Tezabi Rs.642/10 SELLING BUYING less than 6 months 2.4568% PA 3.2068% PA Note: Bullion rates from Karachi, Multan not received today. Rate % p.a. For 6 months and over but less than 12 Months 2.6428% PA 3.3928% PA INTEREST RATES ON OLD & INCREMENTAL F.C.Y DE OSITS For 12 months 2.8784% PA 3.7534% PA Spot rates of cotton U.S.A 135.24 132.09 For 2 Years 2.8784% PA 4.2534% PA POUND STERLING VALUE 03-12-18 KARACHI (APP):Karachi Cotton Association (KCA) on S.ARABIA 35.79 34.47 3U0S DD AYS 60 DAYS 90 DAY S 120 DAYS 1 50 DA YS 1800 .D1A0Y0S0 For 3 Years 2.8784% PA 4.5034% PA Monday announced the following KCA Spot Rates for local U.K 172.76 168.74 GBP 0.1000 For 4 years 2.8784% PA 4.7534% PA For 5 years 2.8784% PA 4.8784% PA dealing in Pak rupees for base grade 3 (three) staple length JAPAN 1.1888 1.1605 JPY 0.0000 EURO 152.95 149.40 1-1/16" Micronaire value between 3.8 and 4.9 NCL. BILL BUYING RATES PER UNIT OF CURRENCY Rate Ex-Gin Up-country Spot Rates U.A.E 36.L9I1B O R VA33L.U8E5 for Price Expenses Ex-Karachi For 3 months USD L/C 132.89 132.05 131.16 130.27 129.35 128.41 37.324 kgs 8,800 160 8,960 LIBOR FOR CALCULATING INTEREST ON SPECIAL US and over but DOLLAR BONDS GBP L/C 169.90 169.09 168.23 167.91 167.21 165.65 less than 6 Months 0.6421% PA 1.3921% PA Equivalent EUR L/C 150.59 150.01 149.43 148.67 148.05 147.68 For 6 months and 40 kgs 9,431 171 9,602 6 Mths US Dollar 2.88444 28-11-2018 over but less than 12 months 0.7534% PA 1.5034% PA For 12 Months 0.8909% PA 1.7659% PA For 2 Years 0.8909% PA 2.2659% PA Foreign exchange rates EURO VALUE 03-12-18 KARACHI (APP): For 3 Years 0.8909% PA 2.5159% PA For 4 years 0.8909% PA 2.7659% PA For 5 years 0.8909% PA 2.8909% PA

The Exchange Rates Committee of For 3 months and Financial Markets Association of Pakistan issued the over but less than following exchange rates bLuIBllOetRin , h e r e o n M o n dVaAy.LUE 6 months 0.1079% PA 0.8579% PA LIBOR FOR CALCULATING INTEREST ON SPECIAL For 6 months and US DOLLAR BONDS VIDE SBP F.E. CIRCULAR NO.42 & over but less than 21.07.98 & 04.08.98 RESPECTIVELY. 12 months 0.0786% PA 0.8286% PA For 12 Months -0.0304% PA 0.8446% PA For 2 Years -0.0304% PA 1.3446% PA 6 MONTHS USDOLLAR 2.8852 03.12.2018 JAPANESE YEN VALUE 03-12-18 CONVERSION RATES FOR 28TH NOVEMBER 2018 FOR For 3 Years -0.0304% PA 1.5946% PA FOREIGN CURRENCY FOR FORWARD COVER FOR For 4 years -0.0304% PA 1.8446% PA DEPOSITS (EXCLUDING FE-25 DEPOSITS) For 5 years -0.0304% PA 1.9696% PA SBP SETTLEMENT VALUE DATE NOVEMBER 30, 2018. USD 138.6476 CHINIOT: Citizens busy in buying vegetables. GBP 177.3026 For 3 months and EUR 157.6978 over but less than JPY 1.2220 Currency rates of NBP 6 months -0.1387% PA 0.6113% PA KPT shipping intelligence report KARACHI (APP): Following are the selling/buying rates For 6 months and KARACHI (APP):The Karachi Port Trust (KPT) issued the following CS Future SEA Hawks 29/11/18 Not Sched 16,500 G.C Nil of major currencies issued by the National Bank of Pakistan over but less than shipping report for the last 24 hours, ending 0700 hours on Monday. (NBP), here on Monday. 12 months -0.2447% PA 0.5053% PA ALONG SIDE (Bulk Oil Pier) FERTILIZER: NBP For 12 Months -0.1337% PA 0.7413% PA For 2 Years -0.1337% PA 1.2413% PA OP-I Wafrah D. Crude Oil Trans Maritime 26/11/18 U.S.A 137.76/ 134.56 Abu Al Abyad WMA Shipcare 03/12/18 Not Sched 56,000 Dap Nil For 3 Years -0.1337% PA 1.4913% PA S.ARABIA 36.46/ 35.12 OP-III Al Mahboobah D. Chemical Alpine 27/11/18 For 4 Years -0.1337% PA 1.7413% PA U.K 176.45/ 172.35 ALONG SIDE (East Wharves): OIL TANKER: For 5 years -0.1337% PA 1.8663% PA JAPAN 1.2148/ 1.1858 NBP Exchange Rates 1 Amagi Galaxy D. Chemical GAC 27/11/18 Theodosia Alpine 29/11/18 Not Sched 50,000 Mogas Nil EURO 156.62/ 152.98 KARACHI (APP): 10/11 Port Macau L. Clinkers Crystal Sea 26/11/18 U.A.E 37.60/ 34.48 12/13 Truong Minh Sea D. Dap Bulk-Sh. 19/11/18 SHIPS OFF PORT: 14/15 Pebble Beach D. Dap Bulk-Sh. 26/11/18 Vessel Name Type Agent expected Berth No. Arrival Date Arrival Selling Buying Buying Opening rates of FC in TTTre a&s uOryD M a n a TgeTm Celneta Dn iv isOioDn/ To.fC NHaQ- Time Remarks tional Bank of Pakistan (NBP ) on Monday issued the fol- ALONG SIDE(P.I.C.T): Sam Jaguar Bulk Ships OC-Services 5 28/11/18 05:42 - lowing exchange rates. Berth Vacant...... kerb currency market Blue Ridge Bulk Ships OC-Services -- 29/11/18 11:15 1 KARACHI (APP):Following were the Closing Rates of ALONG SIDE(PDWCP): Kota Kamil Container Ship P-Delta -- 26/11/18 04:36 - foreign currencies in kerb market issued by the Forex Associ- Berth Vacant... ation of Pakistan (FAP), here on Monday MDM Bromo Fertilizer Bulk-Sh. -- 20/11/18 04:30 2 F.C. Low Rate High Rate U.S.A 136.40 136.20 135.92 AP Astarea Fertilizer Bulk-Sh. -- 24/11/18 16:00 3 U.S $ (Inter Bank) 134.00 134.10 ALONG SIDE(West Wharves): U.S $ (Cash Free Market) 135.00 135.40 U.K 174.71 174.45 174.09 Maritime Longevity Fertilizer Bukl-Sh. -- 27/11/18 18:25 4 S AUDIA RIYAL 36.00 36.50 Berth Vacant... EURO 155.06 154.85 154.53 UAE DIRHAM 36.85 37.35 CANADA 103.20 103.05 102.78 Chance Oil Tanker Trans Maritime OP-III 16/11/18 07:18 - EURO 153.00 154.80 Fotini Lady Oil Tanker Alpine -- 25/11/18 00:54 - UK POUND 173.00 174.80 SWITZERLAND 136.74 136.54 136.18 ALONG SIDE (K.I.C.T): AUSTRALIA 100.47 100.32 100.06 Nan Lin Wan Oil Tanker GAC -- 25/11/18 17:05 5 JAPANI YEN 1.18592 1.20592 26/27 OOCL Shanghai D. L. Cnt. OOCL Pak 27/11/18 CHF 134.86 135.86 SWEDEN 15.14 15.12 15.08 CT Confidence Oil Tanker Mackinnon Pak. -- 25/11/18 20:50 - DKK 20.44 20.54 JAPAN 1.2027 1.2010 1.1978 NOK 15.66 15.76 EXPECTED ARRIVALS: Cora Oil Tanker Alpine OP-I 26/11/18 04:00 - SEK 14.80 14.90 NORWAY 16.00 15.98 15.94 Bunga Laurel Oil Tanker High Seas 1 26/11/18 10:54 - AUD $ 97.42 98.42 SINGAPORE 99.71 99.57 99.30 CONTAINER (GEARLESS) CAD $ 102.00 103.50 DENMARK 20.76 20.73 20.68 Kota Layar COSCO 28/11/18 Not Sched 600 Cnt. 600 Cnt. Lahore Oil Tanker PNSC -- 27/11/18 00:12 - SGD $ 97.76 98.76 SAUDI ARABIA 36.35 36.30 36.20 CT Ace Oil Tanker Alpine -- 28/11/18 00:35 - HK $ 17.11 17.61 Mol Generosity OC-Network 29/11/18 Not Sched 600 Cnt. 600 Cnt. KWD 442.84 442.94 HONG KONG 17.57 17.55 17.51 Ever Union Green Pak 03/12/18 Not Sched 1000 Cnt. 900 Cnt. QTR RIYAL Nil Nil CHINA 19.80 19.77 19.72 KUWAIT 448.23 447.57 446.39 Kota Karim P-Delta 03/12/18 Not Sched 300 Cnt. 300 Cnt. LEGEND: OMANI RIYAL 350.04 350.54 BH DINAR 349.13 349.63 MALAYSIA 32.68 32.63 32.54 Kota Kasturi P-Delta 10/12/18 Not Sched 300 Cnt. 300 Cnt. 1 Shifted from 11/12 to O/A. INDIA N RU PEE 1.70 1.85 NEWZEALAND 94.23 94.09 93.84 IRQ DINAR 0.095 0.120 2 Shifted from 14/15 to O/A. MALAYSIAN RINGIT 31.50 33.00 QATAR 37.45 37.39 37.30 GENERAL CARGO: 3 Shifted from B.No. 2/3 to O/A. IRANI RIYAL 0.0010 0.0018 U.A.E 37.22 37.17 37.07 BTK 1.40 1.70 KR WON 0.1224 0.1222 0.1219 Asia Ruby-III Sea Hawks 28/11/18 Not Sched 44,000 G.C Nil 4 Shifted from 4 to O/A. US DOLLAR POUND STERLING EUR JAPANESE YEN AFGHANI RUPEE 1.40 1.70 THAILAND 4.156 4.150 4.139 Han De Facilities 28/11/18 Not Sched Nil 286 G.C 5 Shifted from OP-II to O/A. Chinese Yuan 19.20 20.20 CONVERSION FOR FC DEPOSITS, DBC/FCBC, SPECIAL USD BOND

138.6476 177.3026 157.6978 1.22 The Business | OPINTuesIdaOy, DecNember 004 20718 Fail to plan, plan to fail MANSOOR QAISAR The FP2020’s goal is based on the funda- and eight percent in Indonesia. Projects with men and religious leaders as part of method sanctioned by most religious cler- these very recommendations. We saw the mental belief that all women, regardless of such as the FALAH by the Population its social mobilisation efforts. Punjab, ics is spacing births by breast-feeding positive gesture towards achieving this he fifth International Conference their marital status, should have access to Council, the MARVI Programme by the Sindh, and Khyber Pakhtunkhwa have es- newborns for two years. end at the meeting of the Council of Com- on Family Planning (ICFP) con- the high-quality family planning services HANDS, an urban slums project in tablished health centres, specifically for Even if the birth rate slows down, some mon Interests, where the decision was cluded earlier this month in Ki- of their own choosing. Therefore, FP2020 Karachi and demand-side financing proj- adolescents. To continue promoting strong experts estimate that Pakistan’s population taken to constitute national and provincial galTi, the capital of Rwanda. More than monitors modern contraceptive use among ects show potential to raise contraceptive government commitment, Pakistan will could double again by the middle of the taskforces to consider the recommenda- 3,700 people – including over 600 youth all women, rather than just married prevalence rates among unnerved or work to strengthen collaboration among century, putting catastrophic pressures on tions of the taskforce established by the leaders – participated in the conference, women. This represents a global shift in under-served populations. The main issue regions under a devolved system in order water and sanitation systems, swamping Supreme Court and then formulate an ac- making it the largest ICFP in history. how contraceptive prevalence is normally is how to scale up effective small-scale to reach 6.7 million additional users and health and education services, and leaving tion plan, taking into account the future Governments, advocates and the youth reported at both the international and na- programmes into programmes with a increase CPR to 50 percent by 2020. tens of millions of people jobless – prime implementation strategy. As the taskforces reaffirmed their commitment to ensuring tional levels. broader impact. Preliminary results from a new national recruits for criminal networks and terrorist are to be headed by the chief executives of every woman and girl has access to high- Among the major countries of Asia, Since it made a commitment to FP2020 census – the first conducted since 1998 – groups. It is important that the country’s both the centre and the provinces, one may quality, affordable family planning infor- Pakistan is an outlier in terms of demo- in 2012, Pakistan has demonstrated ongo- show that the population has grown by 57 population growth rate is at a staggering expect that the future plan of action will mation and services. The speakers graphic transition. Its transition was con- ing efforts toward promoting family plan- percent since then, reaching 207.7 million 2.4 percent that is at least double of other be completed without any delay after due emphasised that despite advancements siderably delayed by the slow onset of ning. As of this year, all four provinces and making Pakistan the world’s fifth- regional countries like India, Bangladesh deliberations and taking into account the made in many countries, the FP2020 part- fertility decline. Over a long period – from have drafted costed implementation plans most-populous country, surpassing Brazil and Sri Lanka. The situation indeed war- recommendations of the apex court’s task- nership is unlikely to meet its goal of ful- the late 1960s to the late 1990s – the rate for family planning and developed family and ranking behind China, India, Indone- rants steps on an urgent basis to reverse force – which, in fact, provides a very filling the contraceptive needs of 120 of population growth was barely below planning taskforces comprised of public sia and the US. The annual birthrate, while this growth, and the initiative to this effect clear way forward to deal with the issue million additional women by 2020. Along three percent per annum. It is, therefore, and private-sector stakeholders. Each gradually declining, is still alarmingly was taken by CJP by constituting a task- effectively. The most important strategy is with the accessibility of contraceptives for not surprising to find that Pakistan’s pop- province is also drawing upon domestic high. At 22 births per 1,000 people, it is at force on the matter which, in fact, has al- to create necessary awareness through dif- young people, it is also important to in- ulation grew by 3.3 times between 1970 resources to procure contraceptives. par with Bolivia and Haiti, and among the ready furnished some concrete ferent forums about the importance of crease the acceptability of contraceptive and 2015 – a considerably greater increase The government is committed to ensur- highest outside Africa. The chief causes of suggestions, including that of making pre- family planning for the overall health of use among the youth. than India (2.4times), Bangladesh (2.5 ing a range of available methods in the the continuing surge, according to popu- marital counseling on family planning women and children. Those living in re- At the London Summit in 2012, the times) or Indonesia (2.2 times) over the country and has trained mid-level service lation experts, include religious taboos, mandatory for nikkah registration as well mote areas could be reached through lady family planning community had pledged same period. Between 1990 and 2015, the providers in the public and private sectors political timidity and public ignorance, es- as holding a ulema conference on the issue health workers as well as the media to re- to enable 120 million additional women number of children aged 0-15 in Pakistan to provide IUDs and implants. In addition, pecially in rural areas. Only a third of mar- on a regular basis. It is heartening to note move myths and misperception about con- and girls to use contraceptives by 2020, increased by 43 percent, compared with 14 to promote the acceptability of family ried Pakistani women use any form of that the federal and provincial govern- traceptives, which should be provided to creating the FP2020 global partnership. percent in India, six percent in Bangladesh planning, the government is collaborating birth control, and the only family-planning ments appear to be serious to implement them free of charge. The quest for water security DR MURAD ALI 50 percent. For instance, out of the coun- globe, “accounting for up to 71 percent of try’s fresh water resources, a colossal this supply as of 2016”. Most of this ca- hief Justice Saqib Nisar’s ap- over 90 percent is consumed by the agri- pacity was developed in Europe and the peal for donations and partici- cultural sector. According to some esti- US in the 20th century when thousands of pation in fund-raising events in mates, about half of this precious water hydropower projects were successfully theC UK to build dams and increase the is wasted even before it reaches the fields executed. But unlike the trend in numer- country’s water-storage capacity has re- due to massive leakages in the feeble ous developing countries across the globe, vitalised the debate about the need, justi- water-transportation infrastructure. For including Pakistan, there is a completely fication, feasibility and implications of example, about 100 million acre-feet of contrary propensity in developed coun- constructing large water reservoirs in the water (maf) enters the canal system tries concerning the construction of larger country. where 40 million acre-feet (maf) doesn’t dams. Various factors are responsible for In this article, I will discuss the chal- reach the farm gate. The water volume this trend. These include the fact that there lenge of water scarcity in Pakistan, the wasted approximately amounts to the are no more suitable sites available for factors responsible for it, and the policy storage capacity of five Kalabagh dams. dams and there are increasing environ- measures that the country can take to While there will always be demands for mental and social concerns about the con- overcome acute water scarcity. I am also dams, which are, of course, necessary in struction of larger dams. Nowadays, more going to discuss the global trends regard- its own place, there is a greater need to dams are being removed in North Amer- ing construction of larger dams, and minimise the leakages and wastage of ica and Europe than those that are being whether Pakistan can accumulate suffi- water caused by dilapidated water-supply built, the study reveals. It further elabo- cient finances through donations to suc- infrastructure as well as its unregulated rates that dam removal rather than con- cessfully fund the construction of free-of-cost extravagant usage. And as for struction has become the norm in North proposed water reservoirs. the remaining 50 percent of water that ac- America and Europe because many of the In May 2018, the Pakistan Council of tually reaches fields, much of it is virtu- reservoirs built before 1950 are at the end Research in Water Resources (PCRWR) ally wasted by outdated practices in of their useful lives. The study argues that came up with a somewhat startling reve- agriculture, such as flood irrigation. The it would be too costly to repair these old lation that Pakistan is faced with a severe result is that Pakistan’s productivity per dams as many no longer serve their initial water crisis and it is estimated that there unit of water is 0.39 kilogrammes per purpose, and their social and environ- will be very little or no clean water avail- cubic meters, which is one-sixth of mental negative externalities have be- able by 2025 if tangible short-term as China’s and one-third of India’s. We need come unacceptable. However, unlike the well as comprehensive long-term meas- to think about how to improve our water US, some European countries with ures are not taken. Similarly, the IMF has transportation system and usage effi- favourable topography and rain patterns warned that Pakistan is ranked third ciency. One solution could be a major – such as France and Switzerland – con- among countries facing water scarcity. It overhaul in the country’s water and agri- tinue to have hydropower as an important is a precarious situation as the per capita cultural infrastructure if we want to sur- part of their energy mix through techno- water availability in the 1950s was ap- mount the issue of severe water scarcity. logical innovations at existing dams. In At the border proximately 5,000 cubic metres per year, Both federal and provincial governments contrast, 3,450 dams have been removed PAUL GOTTINGER Professor at UC Berkeley School of Dr Haar said, “Both the US military which has now declined to below 1,000 need to invest in initiatives that could to date in Sweden, Spain, Portugal and the Public Health, agreed that exposing and police all use standards of conduct cubic metres per year. This is an interna- minimise the current leakages and UK. Similarly, hundreds of dams have S border officers fired tear children to tear gas was dangerous. that require the use of proportionate tionally recognised threshold of water wastages in water-transportation struc- been demolished successfully in the US gas at groups of asylum “Children are particularly vulnerable to force. I can’t imagine how tear-gassing shortage. tures. (a total of 546 from 2006 to 2014). On av- seekers attempting to reach weapons like these – they have more unarmed civilians is proportionate” Climate change coupled with unabated Apart from enormous wastage in the erage, over 60 dams are being removed in the US border. Images of mothers and naive respiratory systems, more fragile There is also concern that officers using deforestation, threats to the country’s gla- agricultural sector, a huge amount of the US annually – a trend that started in U small children fleeing the gas drew skin, perhaps don’t know to close their tear gas do so improperly. “A major cial reserves, drying lakes and rivers and water is wasted in our unrestrained daily 2006. It is because the cost of repairing widespread outrage from politicians eyes and mouths so they get more in, hazard for civilians targeted with these poor water supply will severely affect routine. For example, some estimates sug- and renovating a small dam could be up to and human rights groups. and they don’t know quite how to get weapons is direct injuries to the skull agriculture, ecology and local biodiver- gest that an average of 400 gallons of three times the cost of removing it. How- Wind carried the gas a kilometer the stuff off as well as adults.” Dr. Anna when the projectiles are fired at heads sity. It must be noted that the previous fresh water is used to wash a car, over 10 ever, because of diverse and acute need away, impacting many individuals not Feigenbaum, who has written a book at close range – in contravention of government identified food, energy and gallons is wasted during a shower, and for cheaper energy, this situation stands in attempting to reach the US border. As on the history of tear gas, said, “The company technical guidance,” said Dr. water security among the seven key pil- about four gallons while we brush our stark contrast with what is happening in a result of the tear gas, one woman col- safety of tear gas was determined by its Wright. Tear gas is banned for use in lars in its key long-term policy document teeth. While brushing their teeth, most developing countries. lapsed unconscious, a baby fainted, exposure to fit, male bodies. Tear gas war by chemical weapons conventions, ‘Vision 2025’. Similarly, access to clean people rarely turn off the tap. As a result, For example, a total of over 3,700 with many others were screaming and can be far more dangerous for children, but is regularly used against civilians, water and sanitation is also one of the 17 a considerable amount of water is wasted. dams that produce more than 1 MW are coughing, and a child with Down syn- the elderly, and those with pre-existing with especially brutal results by au- Sustainable Development Goals (SDGs) All these are substantial statistics for a either planned or under-construction pri- drome was among those affected by the conditions.” Tear gas is a toxin, which thoritarian regimes. In 2013, thirty-nine agreed upon by all UN member states country of over 210 million people with marily in developing countries. The prin- gas. “I felt that my face was burning,” is lethal if an individual receives a high prisoners in Egypt suffocated to death under the 2030 Agenda. It must be em- relatively meagre natural resources, in- cipal reason behind this line of thinking is said Cindy Milla, a Honduran woman. enough dose, and the lethal dose for when tear gas was fired into a prison phasised that Pakistan was the first coun- cluding water. The situation looks all the that despite rising trends of using alter- “I ran for my life and that of my chil- children is much lower, according to Dr van. In 2011, Saudi Arabia helped the try that adopted the UN 2030 Agenda more grave as we are aware that most of native energy sources in developed coun- dren”. But on Tuesday, President Feigenbaum. “It’s a chemical weapon, small country of Bahrain crush its Arab through a unanimous parliamentary res- the water consumed at household levels tries, hydropower still represents the Trump defended the use of tear gas, not a condiment,” Dr Feigenbaum said. Spring uprising, and the security forces olution in February 2016. To achieve is primarily groundwater, which is con- largest renewable source of electricity (70 claiming the tear gas used was “very “Poisoning the air that children breath extreme use of tear gas killed at least water security and accomplish SDG 6, sidered to be a last resort if the country percent of the global production of re- safe”. puts their lives at risk”. thirty people. the country must come up with short- and runs out of water. Loosely regulated and newable energy). In addition, it is be- Experts contacted by the author Tear gases work by compelling peo- Dr. Feigenbaum criticized the idea long-term plans and initiatives to address ineffective water governance coupled lieved that less than 25 percent of the strongly disputed Trump’s assurances ple to flee in a panic, which can cause that tear gas is truly non-lethal weapon. the challenge of water security. However, with our resistance to adopt latest tech- global hydro potential has been exploited and called the tear-gassing of children children to be separated from parents, “Why do we have so many deaths, if due to our unsustainable and unregulated nology, techniques and practices are some to date, and there is enormous potential illegal and potentially deadly. “Tear gas trampled, or trigger an asthma attack. A these are non-lethal weapons?” Dr. usage of water, where it is largely con- of the principal factors responsible for the in many developing countries. It is one of should never, in my opinion, be used on percentage of people exposed to tear Wright said the goal of tear gas use is to sidered a free-of-cost commodity, Pak- current situation. the key tenets of the 2030 Agenda, as children,” said Dr. Alastair Hay, Pro- gas will have long-term impacts, ac- appear to be less dangerous, but not istan has the fourth highest rate of water A recent research study titled ‘Sustain- agreed upon by all UN member states in fessor of Environmental Toxicology at cording to Dr Wright, a professor at necessarily be less dangerous. consumption across the world. Compar- able hydropower in the 21st century’, au- 2015 at the 70th UN General Assembly the University of Leeds. “The stinging Leeds Beckett University. Studies have “In terms of alleged safety, it should ing our GDP per capita and the con- thored by professors at the Michigan State (UNGA), to substantially increase the of the eyes and coughing fits that the sumption of water per unit of GDP, University, has come up with some star- share of renewable energy in the global even linked tear gas to miscarriages. be recalled that some of the first WWI tear gases cause will terrify any child.” Pakistan is considered to be among the tling findings regarding the role of hy- energy mix by 2030. Both Dr Feigenbaum and Dr Haar agents were so called tear gases”, Dr If a child with asthma comes into con- most water-intensive economies in the dropower and mega dams as sustainable It goes without saying that access to questioned the legality of using tear gas Wright said. In the US alone, there have world, as per an IMF report. There are and viable options of cheaper energy in clean and affordable energy is among one tact with tear gas, it could provoke a on children, and Mexico is calling for been over 100 people killed by tear gas, various factors responsible for this. The the modern era. The study states that hy- of the 17 SDGs because one in seven dangerous asthma attack in a vulnera- an investigation into the incident. “This with most of these deaths occurring in country is an outdated agricultural econ- dropower remained one of the leading people still lack access to electricity and ble population that may not have access is a violation of UN Basic Principles on prisons or in SWAT raids, according to omy, with an efficiency rate of a just over sources of renewable energy around the a majority of such people live in rural to medicine. Dr Rohini Haar, Visiting the Use of Force”, said Dr Feigenbaum. Dr Feigenbaum.

Lettersrack ets. tIt is colear tha t sutch bahnk accoeunts ca n Etax on tdhe NSC ischetmes. Tohe polirtical elite and the commercial aviation to salvage PIA. The fed- priving people of their hard-earned money, Not a drop to drink only be opened and operated with connivance of FBR are not only hesitant to impose direct taxes on eral government must recall that it was the com- criminals run away from the country. It is ap- the banking staff. When an ordinary citizen goes the rich who make billions of rupees per year, but bined effort of Rafique Saigol who brought PIA palling to see how these people are allowed to This is to draw the attention of the relevant to the bank for the opening of a bank account, they also offer tax amnesty schemes to the affluent out of the red and restored confidence of em- escape. The law-enforcement agencies need to authorities to the shortage of water in Karachi. bank officials ask for the person’s source of in- section that is involved in tax evasion. ployees. He then handed it to AM (r) Nur Khan, start giving strict punishment to people who are Even though a lot has been said about Karachi’s come, bio-metric verification and references. It Malik T Ali who had retired from the PAF. Nur Khan was involved in such scams. No one should be al- water crisis, it is disappointing that no compe- seems that in those cases, all existing regulations LAHORE given assurances by the Zulfikar Ali Bhutto-led lowed to loot money from the public. tent authority has taken any steps to deal with and safeguards were blatantly overlooked by the government that there would be no undue inter- Irfan U Khattak the problem in a timely manner. Residents of concerned banking staff. Justice demands that all ference in commercial operations of PIA. ABBOTTABAD Karachi had high hopes from the PTI and were such banks must also be held responsible for Eggs and economy Khan ensured that there was zero tolerance looking forwards to the federal government’s these lapses. The banks must be fined heavily for pilferage and indiscipline and appointment timely action against the tanker mafia that have and responsible staff should be tried in criminal It was good to hear the prime minister’s and postings were made on merit. During his Protecting children deprived Karachi’s residents of clean drinking courts. Let’s not ignore the part played by com- speech which was given on the ceremony held tenure, PIA’s operation and fleet expanded and water. The chief justice of Pakistan has also ex- mercial banks in economic terrorism. to mark the 100 days of the PTI-led govern- it soon became one of Asia’s leading airlines. It One of the major problems which society pressed concerns over the city’s water crisis. It Khalid Ismail ment. The prime minister has said that the gov- is also a fact that Nur Khan resigned when Zia faces nowadays is child abuse. People and the is time the relevant authorities took serious steps ISLAMABAD ernment will be supporting rural population and took over and his junta started interference. It is local police should be alarmed by incidents in to resolve the problem. help them raise chickens as it is a good source of hoped that lessons will be learned and effective which children have been frisked away in Minhaj Razi income. Similar initiatives in Malaysia have re- steps will be taken to revive the national airline. cars, on roads and even in public parks. Some KARACHI Senior citizens sulted in favourable results. If properly imple- Gull Zaman kidnappers might also call their relatives and mented, such schemes will contribute PESHAWAR ask for a huge amount of cash in order to set While PM Imran Khan talks about compassion significantly towards higher economic growth them free. There has been a gradual surge in Fictitious accounts for senior citizens, the FBR is busy in levying taxes and help alleviate extreme poverty. the number of kidnappings. The authorities on those who, after retirement, survive on monthly Dr Najeeb A Khan The age of crimes concerned should take notice and carry out For the last couple months, we have been income from their investment in National Saving ISLAMABAD executive orders for capturing the culprits be- hearing about fictitious accounts from which Centre (NSC) schemes. For over 20 years, the FBR Everyday we hear about different housing so- hind these abductions. At the same time, citi- transactions worth millions of rupees have been has exempted tax on investment in schemes eligi- cieties being declared illegal or medical colleges zens shouldn’t neglect their children and take made. The Pakistani people would like to know ble only for senior citizens over 60 years. In a coun- In search of glory being derecognised by the Pakistan Medical and great precautions when it comes to the safety what disciplinary actions have been taken so far try where the state does not provide any social Dental Council (PMDC) or other similar actions of their young ones. against those corrupt banking officials who were security benefits to senior citizens, including those It is expected of the PTI to appoint a team of where the public lose money because they did Syeda Farwa Shah involved in recently exposed money laundering who have paid taxes all their lives, it is cruel to levy qualified professionals who have experience in not know that the project was illegal. After de- KARACHI The Business | NATIOTuNesdayA, DeceLmber 040, 28018 Quick Read Subh-e-Nau panel wins IIUI OWA elections 1581 arrested ISLAMABAD: Subh-e- Nau panel Monday success- in a week from fully won the elections of International Islamic Univer- Sindh sity Islamabad (IIUI) Offi- cers’ Welfare Association KARACHI: Sindh Police Monday (OWA) held here. claimed to have arrested 1581 accused in- The panel won all seven cluding 406 absconders and 309 proclaimed seats, while Syed Asif Kamal offenders in a week from different parts of was declared the OWA presi- the province. The spokesman for police told that dent by securing 140 votes, a Karachi police arrested 426 accused in- press release said. cluding 46 absconders, 2 proclaimed of- Ayaz Ali won the seat for fenders and 378 others. vice president male after se- Police also recovered arms and ammuni- curing 135 votes, while tion from their possession. Hyderabad po- Nausheen Syed was declared lice nabbed 282 accused including 37 vice president female. absconders, 18 proclaimed offenders and Syed Naveed Ehtisham got 227 others recovering arms and ammuni- 139 votes and secured the seat tion from their possession. as general secretary. Syed As many as 42 accused including 4 ab- Muhammad Bilal Shah with sconders, 3 proclaimed offenders and 35 122 votes and won the seat of others were apprehended by Mirpurkhas joint secretary male, while police. Shaheed Benazirabad police Mariam Javed was declared rounded up 183 criminals including 74 ab- vice president female.—APP sconders, 18 proclaimed offenders and 91 others. Around 91 accused including 14 abscon- KU admissions ders, 14 proclaimed offenders and 63 oth- ers were arrested from Sukkur while commence Larkana police arrested 557 accused in- KARACHI: The admis- cluding 231 absconders, 254 proclaimed of- sions in the Postgraduate fenders and 72 others. Diploma in Statistics (PGD) The spokesman for Sindh Police in- ISLAMABAD: Spouse of Ambassador of Indonesia Rita Berlinia Amri, President Saaya Association Asim Raza with the disable persons after have commenced at the Uni- formed that cases against all arrested have distributing wheel chairs on the occasion of International Day of Disable Persons at a local hotel. versity of Karachi (KU). been registered and police was conducting According to notification raids for apprehending their other accom- of KU Registrar on Monday, plices while further investigations were also the admission forms could be initiated.—APP collected and submitted to the department till December 20. Climate Change Ministry claims Merit list of successful can- didates would be displayed at Rs 48 million the Dept. of Statistics KU on December 26. Admission fees recovered from would be submitted from De- to achieve beyond set targets cember 28, 2018 to January ISLAMABAD: The Ministry of Cli- of existing task forces on climate change mate Change Malik Amin Aslam on vari- years. This is the first phase target which 10, 2019.—APP power defaulters mate Change (MoCC) claims to achieve and wildlife, and launching of the 10 Bil- ous occasions had mentioned that re- will be reviewed and up-scaled after two PESHAWAR: Provincial Task Force had more than the set targets for first100 days lions Tsunami Tree (BTT), besides urban sponse of all the provinces towards the years towards the 10 billion target. This recovered Rs 48 million in one month from plan of the Pakistan Tehreek-e-Insaf (PTI) tree plantation. climate change impact mitigating initia- drive is in collaboration and partnership Man dies in electricity defaulters while registered 185 government relevant to all the provinces According to the PTI government's first tive was overwhelming. The provinces with the federal government and province FIRs and arrested 306 persons removing of the country. 100 days report launched recently: "Build- had formulated their project cycle (PC1) wise target launches will follow soon." road mishap 3186 illegal connections in KP. The desired results of the green initia- ing on the success of the Billion Tree for implementing the 10 BTT, he added. The ministry realizing the vulnerability On the directives of Federal Government, tive - the 30th one among the commit- Tsunami Programme in Khyber The report said: "Planning for the next of Pakistan owing to climate change risk QUETTA: A man died in a Government of Khyber Pakhtunkhwa had ments made by the incumbent government Pukhtunkhwa, the Ministry of Climate 1800 days began through complete own- was gearing up to launch the Prime Min- road mishap at Haq-Bahoo initiated campaign against power pilferage in its first 100-day plan, have been ob- Change has embarked on the most ambi- ership of provincial governments, which ister’s Green Youth Programme as a near Sariab area of provincial and defaulters in the province, said a Re- tained under the theme of 'Revolutionize tious tree plantation drive in Pakistan’s committed to on-ground targets backed by “green offshoot” to the nationwide initia- capital on Monday. covery Report issued here Monday. Social Services'. history, targeting a 10 billion tree tsunami. implementable plans (PC1). After more tive to generate green jobs and eco-pre- According to police During the last one month period Rs 48 The initiative is aimed at establishing This programme was launched through than 40 stakeholder consultation meetings, neurs, the report added. sources, the victim identified million was recovered while power instru- green growth task forces to begin legisla- the “Plant for Pakistan” initiative on 2nd all provincial governments are success- It mentioned, "Over and above the 100 as Syed Muhammad was ments worth Rs 50 million were confiscated tion and projects for making the PTI's September 2018 by planting 2.5 million fully on board with detailed work plans days commitment MoCC launched the crossing the road when a in different parts of Peshawar and Bannu Green Growth Agenda a reality. The mile- saplings in one day." and have collectively agreed to a target for countrywide 'Clean and Green Pakistan' speedy vehicle hit him. As a districts during campaigns. stones achieved also include restructuring Adviser to the Prime Minster on Cli- planting or growing 6 billion trees in five movement on October 13th. —APP result, he died on the spot. For this purpose, a provincial task force Police reached the site and had been constituted under the chairman- shifted the body to civil hos- ship of Secretary Energy and Power against pital where they handed over power theft and recovery from defaulters. Intl Day of Persons with to the heirs after completion Task force reporting cell in-charge Saif of medico legal formalities. ullah Khan and deputy in-charge Malik KP govt to bring young Police have registered a Shuja Khan submitted monthly recovery re- Disabilities observed case.—APP port before Additional Secretary Power PESHAWAR: International Day of persons with disabili- Mohammad Asif. ties was observed in Khyber Pakthunkhwa on Monday with The team leader of the Task Force Secre- offenders in mainstream renew pledge by all segment of the society to work hard for ITP issues tary Energy and Power, Salim Khan, said PESHAWAR: Khyber Pak- prime objective to provide alterna- Prison, Reclamation and Probation their assistance in all sectors of life to take full advantage of that main purpose of this campaign was to thunkhwa government has em- tives like probation and parole departments by earmarking their talents. 729,221 tickets create awareness amongst the masses to use barked upon a plan to strengthen services to incarcerations, thereby Rs1560 million for 51 develop- In this connection, a rally was held here in front of press electricity in legal framework by using elec- Parole and Probation Department implementing and promoting re- ment projects including Rs1424 club by members of civil society organizations holding plac- ISLAMABAD: The Islam- tric meters and to avoid KUNDA culture. to help reintegrate young offend- formative theory of justice and million for 35 ongoing and Rs136 ards and banners for assistance and protection of rights of per- abad Traffic Police (ITP) have He further stated that, the operations ers charged in minor offenses into help reintegrate young offenders million for 16 new projects in ADP sons with disabilities. They were demanding special incentives issued as many as 729,221 would be conducted throughout the national mainstream. charged in petty nature offenses 2018-19 in current fiscal year. and increasing job quota in public departments for them. tickets to road users during province against power theft. He urged gen- Officials at Directorate of into mainstream. The new projects include refor- Seminars, symposiums and workshops were main features past 10 months for traffic eral public to cooperate with PESCO and Reclamation and Probation Institutional assessment for mation and skill development for of the day. A seminar was held here at local hotel by an NGO rules' violations. district administration officials in order to (DRP), an attached body of Home reclamation and probation are probationers, establishment of to appraise importance of the Day. According to ITP accomplish the given assignment. He hoped and Tribal Affairs Department KP done for uplift of parole and pro- forensic and medico –legal direc- The participants were informed by the efforts of KP Gov- spokesman, the police had pe- of removing all illegal connections and told APP on Monday that a com- bation system besides strengthen- torate, case management system in ernment’s social welfare and special children department for nalized 151,004 motorbike power theft throughout the province in prehensive plan has been chalked ing seven districts offices in directorate of prosecution and its well being of children and persons with disabilities. riders for not wearing hel- coming days.—APP out to equip offices of Parole and Peshawar, Abbottabad, DI Khan, district offices, de-radicalization The KP Govt has setup two education centres for education mets, while 66,074 tickets Probation Officers with all neces- Mardan, Malakand, Manshera and emancipation program in Swat, of special children at Timergara and Chakldara in Dir Lower were issued for careless driv- sary furniture, vehicles, comput- Dir Lower with furniture, IT, tele- computerization of arms licenses with an estimated cost of Rs118.946 million. ing. ers, drivers and clerical staff in all phone and other services. in remaining districts besides con- Under a development plan, at least one special educational Moreover, a total of 39,257 Insaf Panel wins districts of the province. Home Department is looking struction of hostels for trainees at institute would be up-graded at each divisional level at a cost motorists were handed tickets DRP was formed in 1965 with a after to Police, Prosecution, Central Prison Haripur.—APP of Rs122.089 million with latest facilities for persons with for lane violations, 24,583 disabilities. The new projects for 2018-23 period include were caught using mobile paramedical construction an art centre for persons with disabilities with phones while driving, around facilities of vocational training, essential accessibility, busi- 17,835 tickets were issued association polls Culture & Health practices of Gojra City ness development, disability commission, inclusive educa- over wrong parking and HARIPUR: Insaf Panel on Monday won Ali Nawaz, Sana Noor, located in the east Gojra. People school but send them to work- tion, employment, health empowerment, legal assistance and 16,148 tickets were issued for the paramedical association election for dis- IqraShafi, Kosheel Bhatti of this area have good habit of shops. They have no awareness social inclusion. —APP over speeding.—APP trict Haripur by defeating Ittehad Panel. &Shireen Ali get up early in the morning. They about personal hygiene. They did All candidates of Insaf panel won the go for a walk in their field, which not wash hands even when they elections and Shaukat Khan elected as pres- Gojra city is tehsil of Toba Tek has good effect on their health. want to eat something. ident, Muhammad Munir General Secre- Singh, which belongs to Punjab, They use fresh and natural fruits Health Belief Model applied tary, Aleem Ghafoor Vice President with a Pakistan. This city was estab- and vegetables. This village has to this area. Health education de- huge margin. lished in 1896.Gojra is a planned issue of sewerage, filtered water livered to the people about per- For the presidential slot Shaukat Khan city and famous for its cotton and polluted air. There are lim- sonal hygiene. Explain the secured 67 votes whereas his opponent crops. Many hockey players be- ited schools for children. benefits and importance of per- Sajid Hussain got 44 votes, General Secre- long to Gojra. In London One elementary school for sonal hygiene. Personal hygiene tary of Insaf panel Muhammad Munir got Olympics, Muhammad Touseeq boys and one primary school is is important for their social life 68 votes and the opponent score remained has made a world record by play- for girls. Poverty is basic barrier and helps them to prevent from 45 votes, for Senior Vice President Aleem ing for Pakistan at the age of 17. that hinder the parents to send infection and other communica- Ghafoor secured 58 votes, for two seats of Gojra Hockey stadium is only their children to schools. Major- ble disease. They can also pre- Vice Presidents Asif Shahzad got 63 votes one at tehsil level in country ity of the people are illiterate and vent their children and other and Muhammad Imran 73. which had Astro Turf ground for they did not know how to im- family members. In this way While addressing the employees of dis- the players. Gojra is also known prove their lifestyle .This com- they can maintain their quality of trict headquarters hospital Haripur the for its eye surgery. One of the munity has poor hygienic personal hygiene with minimum newly elected President of the paramedical leading figure of Gojra is Dr condition and has no sewerage cost. They should be serious association Shaukat Khan said that after Harbhajan Singh (Eye Sur- system. There is lack of well- about their health otherwise they winning the elections now I am the presi- geon).He gave eyesight to a large equipped hospitals in Gojra. get illness. Because prevention is dent of all employees and me on the behalf number of patients. Patients of Most of the people are unem- better than cure. of the winning panel thanks all employees this area prefer rural health serv- ployed but some are doing farm- The writers are students of those have supported and cast vote in our ices instead of going Lahore or favour.—APP ing. Due to poverty people don’t BS Nursing at the University of other big cities. Chak No. 154GB like to send their children to Lahore. HYDERABAD: Police men along with others push van while patrolling in city. Cultural perspectives of Timergara (Lower Dir) Jawad Khaliq, Maaz Uddin, in the holy month of Ramazan. The re- tem is responsible for providing foods like to eat their crops, vegetables and an individual must achieve for change knowledge is important thing to bring Fazal Rahman & Jalil Khan ligious festivals are same as across the to the guests in marriage and death. fruits. So it’s the reason of sound health to be successful. Why I have to do change in community. Arrange semi- country like Eid-ul-Azha and Eid-ul- The people of Timergara are very of people who belong to that place. things differently? Because my focus nar, home session or mohala meetings Timergara is the subdivision of Fitr. These religious festivals are cel- strict for purdah system for women. Negative Health Practices: The nega- on health. This model has applied to and give them knowledge about Lower Dir, district in Khyber ebrated by decorating houses, wearing The women cannot go out without tive health practices of the people of change the negative practices of wrong health practice. Pakhtunkhwa, Pakistan. It located in new dresses and cooking special veil. Nowadays a purdah system got Tehsil Timergara is that, the women of Timergara peoples to improve their Ability refers to implement the the east bank of Panjkora River. The dishes. changed instead of veil they get to use area don’t visit to rural health centre, quality of life. Awareness refers gen- change and demonstrate performance. name Timergara come from the king The people of Timergara respect sheet chadar which is called “parrony” family clinics and basic health units erally to the need for the changes. Few peoples can change immediately; Timur and it was called Timurgarh each other’s and share their feeling these changes occur rapidly in mate- during their pregnancies. Although Give awareness to people about their it is an ongoing process requiring and then it changed in to Timergara. both in marriage and funerals. They rial culture of Timergara. They have women receive antenatal care whole negative health practice. Desire gen- them to develop new skills and habits. At the 2017 census the town had a have almost joint family systems. In almost Jirga system to resolves some pregnancy but they conduct delivery at erally refers to, that which support, They need time to develop the ability population of 1, 50, and 774. Peoples both conditions of happiness or sad- issues in villages. The village’s elders home by traditional dai Because the participate and engage in the change. to act in a new way. who belong to this area are Pastho- ness the people of Timergara visit often invited by those who have cer- people of Timargara have some wrong Encourage the people of Timergara by Reinforcement: Finally, people speaking, loving, caring and famous neighbor and relatives home they tain issues the Jirga then decide well perceptions and family believes. It’s a involving health workers TBA’s com- need reinforcement to sustain the for their hospitality. Literacy rate is called it “balani” this is still very com- for the families. reason most of the babies died during munity people and main family figure change. This may be in the form of low as compare to other area of mon there. They have certain homes Positive Health Practices: The Posi- and after pregnancy period of women. person. That creates a sense of change positive encouragement or other types province. for balani they called it “kalweghi” tive Health practice of the people of The five parts of Awareness, Desire, in other people because most ofpeople of rewards. People are religious and offer kalweghi plays a vital role in both tehsil Timergara is that the people of Knowledge, Ability and Reinforce- trust on them. The writers are students of BS prayer five times a day. And keep fast marriage and death. The kalweghi sys- that place use natural products. They ment (ADKAR) show the milestones Knowledge on how to change and Nursing at The University of Lahore. The Business | 09 WORLD STOCKS/COMMODITuTesdaIy, EDeceSmber 04, 2018 Quick Read

LONDONS: Rhoyael Dultclh Sshelel catvesd i nc to ayerarb targoets neve ryc yeuar wthitchi wnill ignclu dte aspe-rg202e0. “tWse a rea takfintg eimprort aintn stevps teowasrdstosigrned pa jorinte statsemesnt wuithr a egroup of 310 in- Nestle says L'Oreal growing investor pressure over climate change on cific net carbon footprint targets. turning our Net Carbon Footprint ambition into vestors with over $32 trillion of assets under man- Monday with plans to set short-term targets for Shareholders had criticised Shell for last year reality by setting shorter-term targets,” Ben van agement, dubbed Climate Action 100+, outlining stake is ‘active on the reducing its carbon footprint. setting long-term “ambitions” to halve its emis- Beurden said in a statement. the targets and review process. “When it comes to board’s agenda’: FT BP and Total have already set short-term tar- sions of carbon dioxide by 2050, which lacked The move comes as governments meet in meeting the demands of the Paris Agreement on gets, but Shell Chief Executive Officer Ben van binding targets for implementation. Poland for a conference hosted by the United Na- climate change, we believe it is necessary to ZURICH: Nestle Chairman Paul Bul- Beurden had previously resisted setting hard Shell, which did not specify any targets on tions COP24 which will lay out a “rule book” to strengthen partnerships between investors and cke said the food giant's stake in French goals, saying it would be “foolhardy” to expose Monday, plans to link these targets and other implement a 2015 climate accord. their investee companies to accelerate progress cosmetics firm L'Oreal was "something ac- Shell to legal challenges. But following discus- measures to its executive remuneration policy. The Paris agreement set goals to phase out fos- towards reaching such an ambitious common tive on the board's agenda" in an interview sions with investors, the Anglo-Dutch oil and gas The revised remuneration policy will be put to sil fuel use this century, shift towards cleaner en- goal,” Peter Ferket, Chief Investment Officer of with the Financial Times published on giant said that from 2020 it will set three- to five- shareholders for approval at its annual meeting in ergies and help limit a rise in temperatures. Shell Robeco said in the joint statement. —Reuters Monday that could trigger a fresh round of speculation. Nestle is under pressure from New York-based hedge fund Third Point, run by investor Daniel Loeb, to overhaul Gold rises as its business and sell its stake in L'Oreal. Asked whether Nestle would consider al- US-China lowing Third Point on its board, Bulcke de- clined to answer, the FT reported. "We are Qatar to leave OPEC and focus trade truce open to all ideas and then we judge what is weighs on dollar best for the company," he said. —Reuters BENGALURU: Gold on gas as it takes swipe at Riyadh prices gained early on Mon- Turkey inflation drops DOHA: Qatar said on Monday it player in and I don't have a say in what minister and OPEC chairman, Chakib LNG output to 110 million tonnes by day on a weaker dollar as a was quitting OPEC from January to happens." Delegates at OPEC, which Khelil, commenting on Qatar's move. 2024. "A lot of people will politicise trade ceasefire between the from 15-year high focus on its gas ambitions, taking a has 15 members including Qatar, He said Doha's exit would have a "psy- it," Al-Kaabi said. "I assure you this United States and China re- ANKARA: Inflation in Turkey dropped swipe at the group's de facto leader sought to play down the impact. But chological impact" because of the row purely was a decision on what's right vived investor demand for for the first time to nearly 22 percent last Saudi Arabia and marring efforts to losing a long-standing member under- with Riyadh and could prove "an ex- for Qatar long term. It's a strategy de- riskier assets. month after surging to a 15-year high in show unity before this week's meeting mines a bid to show a united front be- ample to be followed by other mem- cision." Washington and Beijing October, official statistics showed on Mon- of exporters to tackle an oil price slide. fore a meeting that is expected to back bers in the wake of unilateral decisions Oil surged about 5 per cent on Mon- agreed to halt additional tar- day. The increase in consumer prices fell to Doha, one of OPEC's smallest oil a supply cut to shore up crude prices of Saudi Arabia in the recent past." day after the United States and China iffs in a deal that keeps their 21.62 percent in November compared with producers but the world's biggest liq- that have lost almost 30 per cent since Qatar, which Al-Kaabi said had been agreed to a 90-day truce in their trade trade war from escalating as he same month last year, still very high in uefied natural gas (LNG) exporter, is an October peak. a member of OPEC for 57 years, has war, but prices remain well off Octo- the two sides try again to relative terms but down from the 25.24 per- embroiled in a protracted diplomatic "They are not a big producer, but oil output of just 600,000 barrels per ber's peak. Asked if Qatar's withdrawal bridge their differences with cent rate recorded in October and the first row with Saudi Arabia and some other have played a big part in it's (OPEC) day (bpd), compared with Saudi Ara- would complicate OPEC's decision fresh talks aimed at reaching an agreement within 90 days. drop since March this year, according to Arab states. history," one OPEC source said. bia's 11 million bpd. this week, a non-Gulf OPEC source Spot gold was up 0.3 percent the Turkish statistics office (TUIK). The Qatar said its decision was not It highlights the growing dominance But Doha is an influential player in said: "Not really, even if it's a regret- figure was also lower than the Bloomberg at $1,225.67 per ounce at driven by politics but in an apparent over policy making in the oil market of the global LNG market with annual table and sad decision from one of our 0407 GMT, while U.S. gold consensus forecast of 23 percent. The bet- swipe at Riyadh, Minister of State for Saudi Arabia, Russia and the United production of 77 million tonnes per member countries." ter figures reflect the likely effects of an ag- futures were up 0.4 percent at Energy Affairs Saad al-Kaabi said: States, the top world's three oil pro- year, based on its huge reserves of the Amrita Sen, chief oil analyst at con- $1,230.4 per ounce. gressive rate hike in September when the "We are not saying we are going to get ducers which together account for al- fuel in the Gulf. sultancy Energy Aspects, said Qatar's central bank raised the one week repo rate “There’s a little bit weaker out of the oil business but it is con- most a third of global output. OPEC members Saudi Arabia and withdrawal "doesn't affect OPEC's dollar that seems to be the 625 basis points to 24 percent. Compared trolled by an organization managed by Riyadh and Moscow have been in- the United Arab Emirates, and fellow ability to influence as Qatar was a very with October, November consumer prices driving factor for gold,” said a country." He did not name the nation. creasingly deciding output policies to- Arab states Bahrain and Egypt, have small player." Stephen Innes, APAC trading fell 1.44 percent. The value of the Turkish Al-Kaabi told a news conference gether, under pressure from U.S. imposed a political and economic boy- Al-Kaabi said Qatar Petroleum lira — which has been rallying against the head at OANDA in Singa- that Doha's decision "was communi- President Donald Trump on OPEC to cott on Qatar since June 2017, accus- planned to raise its production capa- US dollar since an Ankara-Washington spat pore, adding that the risk-on ended last month — firmed after the an- cated to OPEC" but said Qatar would bring down prices. Benchmark Brent ing it of supporting terrorism. Doha bility from 4.8 million barrels oil environment was, however, nouncement. The currency was at 5.16 attend the group's meeting on Thurs- is trading at around US$62 a barrel, denies the charges and says the boycott equivalent per day to 6.5 million bar- holding back gains. The dol- against the greenback after 0800 GMT, day and Friday, and would abide by its down from more than US$86 in Octo- aims to impinge on its sovereignty. rels in the next decade. Doha also lar index, which measures the gaining nearly one percent. commitments. He said Doha would ber. Al-Kaabi, who is heading Qatar's plans to build the largest ethane greenback against a basket of Earlier this year, the lira fell sharply focus on its gas potential because it "It could signal a historic turning OPEC delegation, said the decision cracker in the Middle East. He said six major currencies, was amid tensions between Turkey and NATO was not practical for Qatar "to put ef- point of the organization towards Rus- was not political but related to the Qatar would still look to expand its oil down about 0.3 percent. ally the United States and worries over forts and resources and time in an or- sia, Saudi Arabia and the United country's long-term strategy and plans investments abroad and would "make a The U.S. currency has President Recep Tayyip Erdogan’s eco- ganization that we are a very small States," said Algeria's former energy to develop its gas industry and increase big splash in the oil and gas business". been the preferred safe haven nomic policies. But in the past few weeks this year as the U.S.-China following improved relations with Wash- trade war unfolded against a ington and indications Ankara will follow backdrop of higher U.S. in- economic orthodoxy, the lira has firmed terest rates, denting the bul- from below six against the dollar. At one Australia plastic bag lion’s appeal. point in August, the lira was trading at However, the greenback seven to the greenback. The Turkish gov- consumption down 80pc came under pressure last ernment has promised to fight inflation week after Federal Reserve with a series of measures, including en- after supermarket ban Chairman Jerome Powell couraging voluntary price cuts by busi- SYDNEY: Plastic bag consumption in Australia has said interest rates are just nesses. —AFP dropped by more than 80 per cent after two of the country's below neutral, raising expec- biggest supermarkets banned the bags earlier this year, said tations that the U.S. central the National Retail Association (NRA) on Monday. bank is closer to the end of its Australian, NZ NRA said that a total of 1.5 billion single-use plastic carry rate hike cycle. Gold tends to stocks higher after bags have been eliminated since Woolworths stopped offer- gain when rate hike expecta- ing them on Jun 20, followed by rival supermarket chain tions recede because lower Sino-US trade truce Coles, which implemented the ban on Jul 1. rates reduce the opportunity The move, part of a national push to reduce waste, drew a cost of holding non-yielding SYDNEY: Australian shares closed furious response dubbed "bag rage", as customers angry about bullion. Lower interest rates higher on Monday, tracking global gains having to bring their own sacks or pay 15 Australian cents (11 also tend to weigh on U.S. as investor confidence improved follow- US cents) for a reusable plastic bag abused check-out staff and yields and the dollar, in ing an apparent truce between leaders of vented on social media. which gold is priced. If the the world’s two largest economies over "The decision by certain retailers to no longer offer free sin- Fed is worried about growth trade issues. US President Donald gle-use plastic carry bags certainly received a hostile response and makes it known more Trump and his Chinese counterpart Xi from some shoppers initially, but these retailers deserve credit clearly, then the market could Jinping agreed on the sidelines of G-20 for dramatically reducing the number of bags in circulation," possibly see a further boost to summit held in Argentina, that the for- said NRA's manager of industry policy David Stout. gold, said John Sharma, an mer would not raise tariffs on $200 bil- “The bulk of shoppers now use their own bags, which has economist with National lion worth of Chinese goods to 25 been instrumental in reducing the number of plastic bags being Australia Bank (NAB). Pow- percent on Jan. 1, as previously an- consumed," Stout added. "Indeed, some retailers are report- ell is scheduled to testify be- nounced. Tensions between the two ing reduction rates as high as 90 per cent. fore a congressional Joint countries have hurt global markets that "Retailers deserve an enormous amount of kudos for lead- Economic Committee later are highly exposed to trade, such as Aus- ing the way on one of the most significant changes to con- this week. Analysts see the tralia’s. The S&P/ASX 200 index rose sumer behaviour ... and we also applaud shoppers for yellow metal supported in the 1.8 percent, or 104 points, higher at embracing this environmental initiative." Stout said that near-term on political and 5,771.2, posting its best intraday gain these results have "assisted smaller businesses in providing BEIJING: A view of soybeans climb to highest since June on US-China trade truce. economic risks such as un- since July 4, 2017. The benchmark index a template on how to manage the transition to a plastic bag- certainties over Brexit and finished 1.6 percent lower. —AFP free retail environment". "As a result, we are seeing similar Italy’s budget, and the recent changes made across the food, homeware and service cate- unrest in Paris. gories," he added. —Agencies Meanwhile, Asian shares China agrees $9b currency swap with Argentina rallied with MSCI’s broadest European stocks rally BUENOS AIRES: China and Argentina signed a US$9 billion currency swap deal to boost the crisis- index of Asia-Pacific shares stricken South American country's foreign currency reserves, its central bank announced. Struggling to on US-China trade truce outside Japan up 1.8 percent. recover after a currency crisis earlier this year, Latin America's third largest economy sought the help of Among other precious LONDON: Europe’s major stock mar- the International Monetary Fund - which approved a US$56 billion loan package. Now, this latest agree- metals, palladium rose nearly kets surged at the start of trading on Mon- ment will "contribute to greater financial stability and also facilitate trade" between China and Argentina, 1 percent to $1,187.90 per day after China and the United States according to the bank's statement. A currency swap sees two parties agree to exchange a certain amount ounce, after having crossed clinched a trade war truce. In initial deals, of foreign currency at a pre-determined rate, protecting against fluctuations. Argentina's central bank will the $1,200 mark for the first London’s FTSE 100 index jumped 1.5 per- be able to draw on these funds in an emergency. The agreement followed the G20 summit in Buenos time. Spot silver was up 1.1 cent to 7,087.36 points. In the eurozone, Aires, as Chinese President Xi Jinping was received by his Argentine counterpart Mauricio Macri for a percent at $14.32 per ounce, Frankfurt’s DAX 30 soared almost 2.5 per- state visit. The two countries signed 30 trade and financial agreements in total. "We are extending coop- while platinum climbed 1.8 cent to 11,534.75 points and the Paris CAC eration on economic, agricultural, financial and infrastructure issues," Xi told a press conference. After percent to $811.90 40 rose 2.2 percent to 5,112.58. —AFP Brazil, China is Argentina's second largest trade partner. —Agencies per ounce. —AFP Palm slips from 1-week peak Chinese steel, iron ore rise on worries of high stockpiles on US-China trade ceasefire KUALA LUMPUR: Malaysian palm on track to snap three sessions of gains. Lumpur-based trader said. Chicago soy- BEIJING: Prices of Chinese steel ket has seized this uncommon opportu- since early August, before trimming oil futures fell at the midday break on Palm had opened higher on Monday, beans climbed on Monday to their high- products and steelmaking ingredients nity to correct recent backwardation on gains and closing up 1.9 percent at 463 Monday after reaching a more than one- rising as much as 1.2 percent to 2,064 est in almost six months after the United climbed on Monday as a trade cease- steel prices, which were dampened by yuan a tonne. Dalian coking coal ended week peak, hit by concerns of high ringgit, its highest since Nov. 22. States and China agreed to a 90-day fire between Beijing and Washington an extremely pessimistic outlook amid up 3.8 percent, while coke futures fin- stockpiles and expectations that Indone- Trading volumes stood at 21,280 lots truce that will permit talks to end a fes- helped buoy market sentiment amid slowing economic growth,” said Zhuo. ished 5.5 percent higher. However, an- sia would remove its palm oil export of 25 tonnes each at the midday break. tering trade war that has roiled com- concerns over a supply glut. Steelmaking raw materials also alysts warned that the rally might be levy. The benchmark palm oil contract “Palm opened higher following modities markets. Benchmark construction steel rebar picked up alongside steel prices. temporary amid weak market funda- for February delivery on the Bursa strength in the Chicago Board of Trade’s But traders said the palm market fell futures on the Shanghai Futures Ex- The most-active iron ore futures for mentals. Steel output is still pretty high Malaysia Derivatives Exchange was soybean oil and China’s Dalian palm closer to the midday break over concerns change rallied 7 percent to 3,842 yuan January delivery on the Dalian Com- and there has been no stimulus from the down 0.6 percent at 2,028 ringgit olein futures contracts on positive devel- of rising stockpiles and expectations that ($554.58) when the market opened at modity Exchange jumped as much as government to boost demand, said ($486.10) a tonne at the midday break, opments in G20 Summit,” a Kuala top palm producer and exporter Indone- 0100 GMT, clocking their best intra- 5.9 percent, their sharpest intraday gain Zhuo. —Reuters sia will soon implement the removal of day gain in nearly 14 months, before its palm oil export levies. closing up 2.9 percent at 3,695 yuan Indonesia said last week it would tem- a tonne. porarily remove a levy on palm oil to Shanghai hot-rolled coil futures rose boost exports after a sharp drop in prices as much as 6 percent to a two-week hit farmers. It is expected to take effect peak and closed 2.6 percent higher at 3,537 yuan a tonne. Prices were buoyed once the finance ministry issues the reg- by trade talks between Beijing and ulation. In other related oils, the Chicago Washington, which helped boost in- December soybean oil contract jumped vestor sentiment, said Zhuo Guiqiu, an 1.2 percent on Monday, while the Janu- analyst with Jinrui Futures. ary soybean oil contract on the Dalian The leaders of China and the United Commodity Exchange fell 0.7 percent. States have sealed a 90-day truce in Meanwhile, the Dalian January their trade war after high-stakes talks palm oil contract edged up 0.4 per- in Argentina at the weekend, with U.S. cent. Palm oil is impacted by move- President Donald Trump agreeing not ments of other edible oils, as they to escalate tariffs “at this time” and compete for a share in the global China agreeing to purchase more prod- vegetable oil market. —Reuters ucts from the United States. “The mar- The Business | SPOTueRsday,T DeceSmber 041, 2018 Quick Read Chris Gayle wins Australia masseuse defamation payout New Zealand 229-7 at SYDNEY: West Indies cricket star Chris Gayle Monday won a Aus$300,000 (US$221,000) payout from an Australian close on first day in third Test media group which claimed he exposed himself to a mas- sage therapist. The all- Bowlers give Pakistan upper hand despite Williamson 89 rounder was accused by Fairfax Media, publisher of The Sydney Morning Herald and The Age, in a series of stories in the newspapers in 2016. They al- leged he exposed himself and indecently propositioned the woman in a dressing room at the 2015 World Cup in Sydney. Gayle strenuously denied the allegations, claiming at the time that the journalists behind the story wanted to "destroy him". His teammate Dwayne Smith, who was in the changing room at the time, also denied the incident took place. He won his defamation case in October last year, with jurors finding Fair- fax was motivated by malice and had failed to establish a de- fence of truth. New South Wales Supreme Court Justice Lucy McCallum said in awarding the payout that being accused of such conduct was "very damaging to Mr Gayle’s reputation", according to a report in Fairfax newspapers. She added that Gayle´s evidence on hurt to his feelings was "surprisingly compelling". Fairfax said it planned to lodge an immediate appeal. The publication of the stories followed an uproar after Gayle attempted to flirt with an Australian pre- senter on live TV, asking her out for a drink and telling her: "Don´t blush, baby." After winning the court case, Gayle tried C to spark a bidding war for a tell-all interview on the case, promising that "when I break this down to y´all it will be like M a movie". "Biding (sic) starts at $300K for this interview! So Y much to say & I will!" he tweeted to his then 3.75 million fol- K lowers. There were no takers. —AFP

Fast bowler Asif, family ABU DHABI: Pakistan celebrate the dismissal of Kane Williamson. ABU DHABI: Kane Williamson cuts through the off side. injured in Lahore car accident ABU DHABI: New Zealand, who won Test cricket. The leg-spinner trapped Pakistan bounced back with an innings and four runs in Abu Dhabi, brought in fast the toss and opted to bat, reached 229-7 at opener Jeet Raval on 45, bowled Ross Tay- 16 runs victory in Dubai. New Zealand bowler Tim Southee and off-spinner Will LAHORE: Fast bowler the close of the opening day of the third lor for nought with his next ball and then were cruising along nicely when Yasir Somerville in place of Neil Wagner and Ish Muhamamd Asif and his fam- and final Test against Pakistan in Abu Henry Nicholls for one before New started his demolition act in his seventh Sodhi. Shaheen, 18, made his Test debut as ily were injured early Mon- Dhabi on Monday. Zealand reached 73-4 at lunch at Sheikh over, trapping Raval leg before with a a replacement for injured medium pacer day morning as their car Skipper Kane Williamson scored 89 Z a y e d faster one. Mohammad Abbas. rammed into a footpath while BJ Watling finished with an un- Stadium. With his next ball, Yasir clean-bowled Teams Pakistan: Imam ul-Haq, Moham- due to overspeeding. The beaten 42 after New Zealand — who won At the lunch break Kane Williamson was Taylor as the batsman went back but com- mad Hafeez, Azhar Ali, Haris Sohail, Asad fast bowler, his wife and the toss and batted — were reduced to unbeaten on 21 and with him Bradley-John pletely missed the ball. In his next over Shafiq, Babar Azam, Sarfraz Ahmed (cap- two daughters sustained 73-4 at lunch. Watling was not out on nought as they tried Yasir dismissed Nicholls who played on to tain), Bilal Asif, Yasir Shah, Hasan Ali, minor injuries. The family was Debutant Will Somerville was the other to repair the damage after winning a cru- his stumps. Yasir, whose 14 wickets helped Shaheen Afridi immediately shifted to a nearby not out batsman on 12. Leg-spinner Yasir cial toss on a grass-less pitch. Pakistan level the series in Dubai, has fig- New Zealand: Jeet Raval, Tom Latham, hospital for CT scans. Asif, while speaking to Geo News, Shah, who needed five wickets to become Yasir now has 198 wickets in his 33rd ures of 3-12. Kane Williamson (captain), Ross Taylor, said that his vehicle hit a footpath during a bid to avoid a the fastest to 200 Test wickets, managed 3- Test, just two shy of Australian leg-spinner It was teenage left-arm paceman Sha- Henry Nicholls, BJ Watling, Colin de speeding car. Asif, along with Salman Butt and Moham- 62 while off-spinner Bilal Asif took 2-57. Clarrie Grimmett´s world record 200 wick- heen Shah Afridi who gave Pakistan their Grandhomme, Will Somerville, Tim mad Amir, was banned for five years by the ICC after he The three-match series is tied at 1-1. ets in 36 Tests achieved in 1936. initial breakthrough, trapping opener Tom Southee, Ajaz Patel, Trent Boult was caught bowling a pre-planned no-ball during a sting Yasir dismissed three New Zealand bats- There is all to play for as the series is Latham leg before for four on debut for his Umpires: Ian Gould (ENG) and Paul Reif- operation conducted by a UK media house. Off the three, men to come within two wickets of be- level at 1-1, after New Zealand won the first Test wicket. fel (AUS) only Amir has been able to make a comeback to interna- coming the fastest man to 200 wickets in first Test by four runs in Abu Dhabi and New Zealand, who won the first Test by TV umpire: Bruce Oxenford (AUS) tional cricket after serving his ban. The fast bowler rep- resents WAPDA in first-class cricket and was not picked by any franchise in all previous and coming seasons of the Pakistan Super League. —APP Spurs fan held after Waqar fires back at Sethi, tells Halep, Osaka, Kerber to him to stick to his ‘dirty politics’ play Sydney International banana skin thrown DUBAI: Legendary fast bowler SYDNEY: World number one tralian Open Grand Slam the follow- and Elina Svitolina. The men’s side is and former captain Waqar You- Simona Halep and US Open ing week. Also playing will be de- weaker with Britain’s 14th-ranked LoONnDOtNo: A foAotbralls fanenembaarrlas sped itthec Phremier nis has slammed former Pak- champion Naomi Osaka will headline fending champion and Wimbledon Kyle Edmund the top seed, along with has been arrested after a ba- League because it has gone istan Cricket Board (PCB) a strong field in the women’s draw of winner Angelique Kerber, Sloane the likes of Gilles Simon, Alex de nana skin was thrown onto around the world, and now chairman Najam Sethi over the Sydney International, organisers Stephens, Petra Kvitova, Karolina Minaur, Lucas Pouille and Jo-Wilfried the pitch at the Emirates Sta- Spurs have to deal with that his statements regarding the said Monday. Pliskova, Kiki Bertens, and Daria Tsonga. “I’m delighted that so many dium as Arsenal forward and have that tainting all over bowler and overall working Eight of the world’s top 10 have Kasatkina. of the world’s most talented players environment in PCB. Waqar Pierre-Emerick Aubameyang them. It's really unfortunate signed on for the January 6-12 event The only two members of the top 10 have chosen to come to Sydney in Jan- celebrated scoring a penalty to see." lambasted the former PCB chief, as they use it to warm up for the Aus- not taking part are Caroline Wozniacki uary,” said tournament director saying that Sethi is now doing ‘dirty in front of Tottenham fans. Gabon forward politics’ as he is no more the chief of the cricketing board. The Gunners won a mem- Aubameyang opened the “Your [Najam Sethi] days in cricket are well over dear..Stick to orable match 4-2 on Monday scoring on Sunday with his your dirty politics,” said Younis, in a tweet on Monday. and London's Metropolitan 10th-minute spot-kick and, Earlier, in an interview the former PCB chairman revealed Police afterwards confirmed after Tottenham had replied about his years while serving in PCB, Sethi claimed that former there were seven arrests through Eric Dier and a head coach Mohsin Hassan Khan used to badmouth former made. Harry Kane penalty, then captain Wasim Akram but now he is quite happy to interact Britiain’s Press Associa- equalised early in the second with him. “Unfortunately, lobbies do exist in our cricketing tion said it understands that half. structure, there is this Karachi, Lahore tussle as well, which one of those arrests came Alexandre Lacazette put cannot be denied,” stated Sethi, while talking to local media. after a banana skin was the hosts 3-2 up before Lucas Talking about Waqar Younis, who worked as Pakistan cricket hurled from the away end as Torreira added Arsenal's head coach before resigning in 2016, Sethi said people had ad- Aubameyang celebrated fourth. vised him against bringing Waqar Younus back, but he did. His scoring in front of the Totten- Aubameyang had opened performance was not up to the mark and he later started speak- ham fans. the scoring before an Eric ing against me, he said. —Agencies "Behaviour such as this is Dier header and a Harry completely unacceptable and Kane spot-kick sent Spurs in Atletico's Costa to Chelsea return to winning ways against Fulham the supporter in question will ahead at half-time. LONDON: Chelsea bounced back win lifted Chelsea into third place are the third club to reach the landmark be issued with a ban," a Tot- The Gabon forward went undergo surgery in Brazil from their first Premier League defeat above Spurs, in action against Arsenal after Manchester United and Arsenal. tenham spokesman said. on to equalise, with Arsenal of the season to see off local rivals Ful- later in the day. The home side, wel- Chelsea dominated the remainder of There were also six arrests wrapping up the points for public order offences -- at through Alexandre Lacazette MADRID: Atletico Madrid ham 2-0 with goals from Pedro and coming former manager Claudio the first half, with Sergio Rico saving Ruben Loftus-Cheek putting the gloss Ranieri back to Stamford Bridge in the smartly with his feet from Olivier least two of which are be- and Lucas Torreira strikes. striker Diego Costa faces a lieved to be Arsenal support- The unrest was not re- long spell on the sidelines on a mixed performance. Fulham dugout, were quickly into their Giroud shortly before half-time but they The home side dominated possession stride against their neighbours and were failed to convert their dominance into ers who lit smoke canisters stricted to the stands as the after the La Liga club said during the match. two sets of players had to be on Monday he has taken at Stamford Bridge and scored early ahead inside four minutes. clear-cut chances. Fulham started the through Spanish forward Pedro but N'Golo Kante - publicly criticised by match rooted to the foot of the table but Former Arsenal and Eng- separated following Dier's the decision to undergo sur- struggled to find their rhythm and his manager for his positioning in the lifted by last week's victory in Ranieri's land forward Ian Wright, equaliser on a feisty after- gery in his home country of looked shaky until substitute Loftus- match against Spurs - was instrumental first match as boss, which followed six speaking as a pundit on BBC noon in north London. Brazil to treat a chronic foot Cheek settled their nerves with a late in the opening goal, dispossessing Jean straight Premier League defeats. television, said: "I've played The England midfielder injury. "Diego Costa will un- second. Michael Seri in the middle of the pitch Ranieri made two substitutions for the against Spurs and I've taken celebrated by putting his C dergo surgery this week owing to Chelsea manager Maurizio Sarri en- and feeding the ball to Pedro on the second half, bringing on Floyd Ayite a lot of abuse from Spurs but finger to his lips, with Arse- M discomfort he has been suffering in his left foot in the last joyed a dream start to his tenure in Eng- right side of the penalty box. The and Aboubakar Kamara for Stefan Jo- never ever has it been racial. nal substitute Stephan few weeks," said a statement from Atletico. "After evalu- land but a chastening 3-1 defeat to winger stepped inside onto his left foot hansen and Ryan Sessegnon. Fulham, "Now Spurs have to deal Lichtsteiner reacting angrily Y ating different options, it has been decided that the opera- Tottenham last week stung him badly, and fired the ball into the far corner. playing with more urgency, twice went with this because some idiot to the gesture and referee K tion will take place in Brazil, where he will be supervised prompting a series of post-mortems Pedro's strike was Chelsea's 1,000th close to an equaliser through defender has done that. "It's not only Mike Dean showing Dier a by Atletico's medical staff. —AFP with individual players. Hard-fought home goal in the Premier League - they Calum Chambers. —Agencies embarrassed Spurs but it has yellow card. —AFP Aubameyang stars as Arsenal fightback stuns Spurs LONDON: Unai Emery first goal for the club. Capping a about Arsenal's ability to com- ted his players suffered mentally hailed Arsenal’s explosive 4-2 miserable day for Jan Ver- pete for a top four finish. This and physically at the end of a win over bitter rivals Tottenham tonghen, the Tottenham defender stirring comeback was exactly draining week that included vital as a statement of intent from his was sent off in the closing stages the kind of statement of intent victories over Chelsea and Inter revitalised side. after earlier giving away Arse- Arsenal needed as they moved Milan. Emery’s team extended their nal's penalty. above Tottenham into fourth "It was complicated from the unbeaten run to 19 matches in all "It is a very big match for our place on goal difference. beginning of the game. After the competitions after fighting back confidence. Now we have to Ending their hated neighbours' third goal it was tough to come from 2-1 down in arguably the continue our process," Emery six-match winning run showed back mentally, to find the energy Premier League’s game of the said. Arsenal aren't content to let the to go again," he said. season so far. "It is a very big victory. We balance of power in north Lon- "We started to feel the effort Pierre-Emerick Aubameyang's give this to our supporters be- don remain with Tottenham. we made in the Champions penalty had put Arsenal ahead cause it's a very special match But Emery warned his side League and the Chelsea game. It before Eric Dier's header and a against Tottenham." It was only not to get carried away with an- was a big week." Harry Kane spot-kick gave Tot- Arsenal's second win in the last other big test looming at Man- Biting into challenges and tenham the lead at half-time at nine league north London der- chester United on Wednesday. harrying Tottenham into pan- the Emirates Stadium. bies and, while stealing local "We are happy and enjoying. icked mistakes, Arsenal made a Dier's gloating celebration had bragging rights is always sweet, But Tottenham beat Chelsea but blistering start and their relent- triggered a touchline brawl in- this felt like a significant mo- then they lost to us. That is a big less tempo paid dividends in the volving Arsenal substitutes. But ment for Emery's team in the example for us as we think about 10th minute. the fireworks were far from over bigger picture. Emery has revi- the Manchester United match," Vertonghen jumped with as Aubameyang's superb long- talised Arsenal since the de- Emery said. Shkodran Mustafi as they chal- range equaliser sparked a second pressing final years of Arsene "We know it is very difficult lenged for a corner and the Bel- half surge from the Gunners. La- Wenger's reign. in Manchester. We are going to gian's raised arm clearly made cazette came off the bench to put But losses to Manchester City prepare as best we can. It is a big contact with the ball as he tried Arsenal ahead and Lucas Tor- and Chelsea and a draw with challenge for us." Tottenham to block the Arsenal defender's reira sealed the points with his Liverpool had raised questions boss Mauricio Pochettino admit- header. —AFP The Business | INTERNATLahIorOe TuNesdayA, DeceLmber 041, 20118

DisobedienButt a hnospuital nun nsamead Cvor-edM enm withy de elp-irofoted h,o mpo- ompadee ava ilsablea to yReusters .in nineto (wpriest lyb) moinisotry okr conse- The Vatican said Vigano’s ac- nelia Caraglio, had a different sexual tendencies should not be “The question of homosexual- crated life,” he said. cusations were riddled with idea. admitted to the Catholic clergy, ity is a very serious one,” he said, He urged homosexuals who are “calumny and defamation”. “As soon as the doctor left (she and it would be better for priests adding that those entrusted with already priests or nuns to be celi- The Catholic Church has been told the staff) ‘let’s double the who are actively gay to leave training men to be priests must be bate and responsible to avoid cre- haunted for more than two dose.’ She certainly was a wise rather than lead a double life, certain that candidates are “hu- ating scandal. “It is better that decades by evidence of thousands nun. By ordering that the dose be Pope Francis says in a new book. manly and emotionally mature” they leave the priesthood or the of cases of sexual abuse of mi- doubled she saved my life,” he While he has previously spo- before they can be ordained. consecrated life rather than live a nors by clergy around the world, said. ken of the need for better screen- This also applied to women double life,” he said. in countries ranging from the Several months later, the future ing of candidates for the religious who wanted to enter female reli- The interview was conducted United States to Australia, Ire- pope returned to hospital to have life, his comments suggesting that gious communities to become in mid-August. Less than two land, Belgium, Germany and the upper part of one of his lungs priests who cannot keep their nuns. In the Catholic Church, weeks later, on Aug. 26, Arch- Chile. removed because of an infection. vows of celibacy should leave are priests, nuns and monks all take bishop Carlo Maria Vigano, the In July, McCarrick became the Francis, 81, made the com- some of his clearest to date. vows of celibacy. Vatican’s former ambassador to first cardinal to resign in nearly ments in a book-length interview Francis made the comments in The Church teaches that homo- the Vatican, threw the Church 100 years after U.S. Church offi- with Spanish priest Fernando a book-length interview with sexual tendencies are not sinful in into turmoil with a bombshell cials said allegations made in a Prado called “The Strength of Vo- Spanish priest Fernando Prado themselves, but homosexual acts statement against the pope and separate investigation that he had VATICAN: A hard-headed nia, but it was mis-diagnosed by cation”, in which he discusses the called “The Strength of Voca- are. Vatican officials. sexually abused a 16-year-old hospital nun who disobeyed doc- the seminary’s doctor, who challenges of being a priest or tion”, in which he discusses the Francis said there was “no Vigano said a “homosexual boy almost 50 years ago were tor’s orders saved the life of Pope thought is was the flu, and one nun today. challenges of being a priest or room for this” in the lives of network” existed in the Vatican, credible and substantiated. Francis some six decades ago day had to be rushed to hospital It is due to be published this nun today. priests and nuns, adding that the whose members helped promote McCarrick has said he had no when he risked dying of pneumo- “on the point of death,” he says. week in several languages. An Francis said in the book that Church had to be “demanding” in each other’s careers in the recollection of the alleged abuse nia, the pope reveals in a new A doctor at the hospital real- advance copy of the Italian ver- homosexuality in the Church “is choosing candidates for what is Church. He also accused the pope of the minor, but has not com- book. ized it was pneumonia and or- sion was made available to something that worries me”. It is known as the consecrated life. of having ignored alleged sexual mented on the allegations of mis- When Francis was studying for dered staff to give the young Reuters. due to be published this week in “For this reason, the Church misconduct with adult male sem- conduct with the seminarians, the priesthood in Latin America Jorge Mario Bergoglio two types Be celibate or leave the priest- several languages. An advance urges that persons with this inarians by former American car- which allegedly took place in the 1950s he caught pneumo- of antibiotics. hood, pope tells gay priests copy of the Italian version was rooted tendency not be accepted dinal Theodore McCarrick, 88. decades ago. —AFP

Singapore leaders send Egypt refuses to condolences over death accuse police of George HW Bush over Italian SINGAPORE: Singapore leaders have written to former student's murder US president George W Bush to offer their condolences on the CAIRO: Egypt refuses to passing of his father, George HW Bush. accuse police officers sus- The 41st president of the United States died on Friday (Nov 30), aged 94. pected by Italy of involve- In her letter, President Halimah Yacob said Bush's "stead- ment in the grisly murder of fast service to his country will continue to inspire generations an Italian student because of to come". a lack of evidence, the au- Prime Minister Lee Hsien Loong wrote that Bush will be re- thorities said. membered for his statesmanship in bringing about a peaceful Giulio Regeni, a 28-year- end to the Cold War, and cementing America’s leadership in old doctoral researcher at the world. Britain's Cambridge Univer- "Over his many decades of public service and through the sity, disappeared in Cairo in numerous distinguished positions he held, President Bush January 2016. demonstrated courage, devotion, compassion and humility," His body was found by a said Mr Lee. roadside bearing extensive "President Bush’s commitment to service to his country was marks of torture in a case that rivalled only by his devotion to his wife and his family." strained the traditionally close In his letter, Emeritus Senior Minister Goh Chok Tong said: relations between Cairo and "I was honoured as Prime Minister to welcome President Bush Rome, which accused Egypt as the first sitting United States President to visit Singapore in of insufficient cooperation in 1992. the probe. "His visit was a key milestone in the bilateral relationship According to Italian media, between Singapore and the United States, and deepened the Italian prosecutors could open friendship between our two countries." a formal investigation into Describing Bush as "a man of incredible fortitude and im- several Egyptian secret serv- mense conviction", Mr Goh said the late leader's legacy will KATOWICE: Political leaders began arriving in the Polish coal city of Katowice where two weeks of talks have begun to ice agents. live on for generations to come. Letter from President Hal- revive the landmark Paris 2015 deal on climate change as dire warnings mount about a lack of action. Egypt has always denied imah Yacob to the 43rd President of the United States of Amer- suggestions that its security ica George W Bush On behalf of the people of Singapore, I services were involved in the express our heartfelt condolences to you and your family on death of Regeni, who was re- the passing of your beloved father, President George H. W. searching trade unions in Bush. Egypt. Your father’s steadfast service to his country will continue Political leaders arrive in Poland in "Charges should be based to inspire generations to come. As the first sitting United on evidence and not suspi- States President to make a State Visit to Singapore in Janu- cions," Egypt's State Informa- ary 1992, he left an indelible mark on the bilateral relation- tion Service said in a ship between our two countries. The close and enduring race to deliver on UN climate deal statement released late on partnership between Singapore and the US today bears tes- KATOWICE, Poland: Political conference since the landmark Paris after riots in 2019. Sunday (Dec 2). tament to his leadership.—AFP leaders on Monday began arriving in accord as they precede an end-of- Delegates at the talks said the The rally was attended by former Egyptian and Italian public the Polish coal city of Katowice year deadline to agree a “rule book” biggest issues were likely to include general, Prabowo Subianto, a nation- prosecutors met in Cairo on where two weeks of talks have begun on how to enforce action to limit finance and the level of scrutiny as- alist with strong links to Islamists Wednesday to discuss the in- Australia plastic bag consumption to revive the landmark Paris 2015 global warming to between 1.5 and 2 sociated with monitoring individual who is seeking to topple President vestigations into Regeni's deal on climate change as dire warn- degrees Celsius. nations’ emissions. Joko Widodo in next year’s polls case, it said, quoting a judi- down 80pc after supermarket ban ings mount about a lack of action. Expectations for the Polish talks The U.N. has a goal to raise $100 after being narrowly defeated in 2014 cial source. SYDNEY: Plastic bag consumption in Australia has dropped Delegates attend the opening of are low: the atmosphere of political billion every year from 2020 for cli- during a bitterly fought campaign. The Italian prosecutors by more than 80 per cent after two of the country's biggest su- COP24 UN Climate Change Confer- unity built in Paris has been shattered mate action. To inject momentum, The crowd, many of whom were asked their Egyptian counter- permarkets banned the bags earlier this year, said the National ence 2018 in Katowice, Poland De- by a wave of populist governments the World Bank Group on Monday dressed in white and carrying Islamic parts "to approve the inclu- Retail Association (NRA) on Monday. cember 3, 2018. that place national agendas before said it would provide a further $200 flags, started gathering at Jakarta’s sion of a number of Egyptian NRA said that a total of 1.5 billion single-use plastic carry Representatives of some of the collective action. billion over five years from the start National Monument from around 3 policemen on its register of bags have been eliminated since Woolworths stopped offering most powerful countries and biggest The host nation Poland remains of the next decade. a.m. to hold prayers. suspects in Italy", it added. them on Jun 20, followed by rival supermarket chain Coles, polluters will be conspicuous by their committed to coal, the most polluting Other attempts to inject urgency “We are proud because the Islam The policemen are sus- which implemented the ban on Jul 1. absence as the United States has said of fossil fuels, calling for a “just tran- into the Polish talks will include an in Indonesia is Islam that unifies and pected by Italian prosecutors The move, part of a national push to reduce waste, drew a fu- it is leaving the U.N. process and sition” to allow communities de- intervention from British broadcaster is united and will maintain peace for of gathering information rious response dubbed "bag rage", as customers angry about China was not expected to send its pendent on fossil fuel help in and environmentalist David Atten- everyone,” Subianto said in a speech. about Regeni, according to having to bring their own sacks or pay 15 Australian cents (11 top politicians. changing their lifestyle. borough, as well as the roughly 25 Thousands of police had been put the source. US cents) for a reusable plastic bag abused check-out staff and To maximize the chances of suc- The riots in Paris at the weekend, heads of state and government who on standby but the rally was peace- Frustrated at the slow pace vented on social media. cess, technical talks began on Sun- partly in protest at higher fuel taxes, are attending the talks. ful. of the probe, Italy withdrew "The decision by certain retailers to no longer offer free sin- day, a day earlier than planned, with also illustrate the conundrum: How Another report adds: Tens of thou- Organizers call their movement a its ambassador to Egypt in gle-use plastic carry bags certainly received a hostile response delegates from nearly 200 nations do political leaders introduce policies sands of Indonesian Muslims held a “reunion” for a series of rallies start- April 2016, but sent a new from some shoppers initially, but these retailers deserve credit haggling over how to implement the that will do long-term good for the rally in Jakarta on Sunday led by ing in late 2016 that targeted Jakarta envoy to Cairo the following for dramatically reducing the number of bags in circulation," broad promises of the Paris deal on environment without inflicting extra hardline groups who had agitated to governor Basuki Tjahaja Purnama, year. Egyptian authorities ini- said NRA's manager of industry policy David Stout. moving away from fossil fuel. costs on voters that may damage their remove the city’s Christian governor, the first ethnic-Chinese Christian in tially suggested Regeni died in “The bulk of shoppers now use their own bags, which has The talks in Katowice have been chances of re-election? underscoring the growing influence the job, who was charged with in- a traffic accident, but later said been instrumental in reducing the number of plastic bags being billed as the most important U.N. France ponders state of emergency of Islamist groups ahead of elections sulting the Koran.—AFP he was killed by a criminal consumed," Stout added. "Indeed, some retailers are reporting gang that was subsequently reduction rates as high as 90 per cent. "Retailers deserve an enormous amount of kudos for leading CORRECTION OF FATHER NAME wiped out in a shootout with the way on one of the most significant changes to consumer police.—AFP behaviour ... and we also applaud shoppers for embracing this Trump plane to collect Bush environmental initiative." CORRECTION OF FATHER NAME Stout said that these results have "assisted smaller businesses in providing a template on how to manage the transition to a plastic bag-free retail environment". casket for days-long homage HOUSTON: America's President Donald Trump - low Labrador near Bush's sider imposing a state of "As a result, we are seeing similar changes made across the national farewell to George who has often clashed with casket on Sunday with the emergency to prevent a re- food, homeware and service categories," he added. —AFP H.W. Bush begins Monday the Bush family - has de- phrase "Mission Complete." currence of France’s worst I Muhammad Shan (Dec 3) with the transfer of clared Wednesday a national After a speech from Vice riots in years, but while it is Javed, have passed the Sec- his casket aboard the presi- day of mourning, and said he President Mike Pence, Bush open to dialogue it will not ondary School Certificate 'Screaming' on board as US dential plane from Texas to will attend the funeral. will lie in state in the US change course, its I Ali Raza have passed Washington, where he will The week's events begin at Capitol from Monday spokesman said on Sunday. Part (I/II) Annual Exami- nation 2016 Under Roll No. the Secondary School Cer- plane's engine cover rips off lie in state in the rotunda of 1630 GMT Monday, when evening until Wednesday Vandalized cars are seen on tificate Annual Examina- the US Capitol. Bush's remains are to be morning, under the watchful Avenue Foch the morning after 131088 from B.I.S.E Sahi- LAS VEGAS: A Frontier Airlines flight from Las Vegas to tion 2015 under Roll No. The 41st US president flown aboard the presidential gaze of an around-the-clock clashes with protesters wearing wal. My Name & Father's Florida had to turn back after a part of its engine cover ripped 131204 and FSC (Pre Engi- off during takeoff. died Friday at age 94, at his Boeing 747 - made available honor guard.The casket will yellow vests.—AFP name & Date of Birth has home in Houston - "a very at Trump's direction - from then be transported to the neering) Under Roll No. Passenger CJ Gunnerson sent a photo of the damage to his been Incorrectly mentioned 311918 Annual Examina- friend Brandon Rittiman, a television reporter with American gentle and peaceful passing," Houston to Joint Base An- cathedral for Wednesday's his lifelong friend and advi- drews, Maryland. funeral service - the fourth COURT NOTICE on my Certificate as Shan tion 2017 from Board of In- news agency ABC10. Javaid S/o Muhammad Sharing the photo on Twitter, Rittiman said the flight, with sor James Baker said Sunday By tradition, the plane is held there for a former presi- In the court of Muham- termediate and Secondary 177 people on board, had to make an emergency landing in Las on ABC's "This Week." only known as Air Force One dent.Former Canadian prime mad Waseem, Civil Judge, Javaid & Date of Birth as Education Sahiwal, my fa- Vegas after the “hatch came up and ripped off during take off”. ush - only the second pres- when the sitting president is minister Brian Mulroney told Sambrial 07-03-2000. So, I want to ther's Name correct spelling The photo shows a green metal flap that had become par- ident to see his son follow on board. Politico he will deliver one Suit for cancelation of be issued my certificate, is ABDUL RAZZAQ, tially detached from the Airbus A320’s body, exposing the en- him to the Oval Office - will Family spokesman Jim of several eulogies, at Bush's transfer number 672/31/5/97 with the correct Name & fa- whereas on my Certificates be honored with four days of McGrath said the flights to request. gine. Rehmat Ali Vs Muham- ther's name & Date of Birth my Father's name spelling Describing the incident to local news agency WTSP, Gun- services and tributes in carry Bush are being dubbed The casket will then be mad Shabir Washington and in Texas, "Special Air Mission 41." flown back to Houston, as Muhammad Shan Javed has been mentioned as nerson said that “it was like a riot on the plane” and that pas- Ad for Muhammad ABDUR RAZZAQ which is where he will be buried on "A beautiful day In Texas where the former head of Akhlaq S/o, Kaliya Bibi S/O Muhammad Ramzan sengers were “jumping up screaming, slamming on the roof”. incorrect. So I want to Another passenger, Stella Ponce, told the news outlet that Thursday. - 'ceiling and visibility un- state will lie in repose at St daughter of Muhammad Javed & Date of Birth 25- she had texted her daughter to say that she loved her. The high point of the com- limited,' Mr. President," he Martin's Episcopal Church - Sideeq, residents of Bhakri- 06-2000 in Board record. If amendment my Father's Ponce said she had been sleeping and awoke to “a lot of memorations, planned with wrote - using a phrase that where the Bushes wor- wal, Tehsil Sambrial, Dis- any person / organization / Name Spelling from military precision by a Pen- Bush held dear from his time shipped for decades - until screaming and yelling”. She added that people were yelling for trict Sialkot. agency has any objection ABDUR RAZZAQ to tagon task force, will come in the Navy, and one used by Thursday's funeral service. ABDUL RAZZAQ. the pilot to stop and that two women were crying while other It is learned that the ac- then the same may be inti- passengers were pointing out the window. Wednesday with a state fu- his family and friends to dis- The remains will then be cused are deliberately avoid- If any person / organiza- neral at Washington National creetly spread the news of his transported by train for inter- mated in writing to the Sec- According to flight tracking website FlightAware, Frontier ing the summon and are tion / agency has any objec- Cathedral -- the first presi- death. ment at the George Bush retary Board of Flight 260 took off for Tampa at 7.12am local time and re- hiding. tion, then the same may be turned to Las Vegas’ McCarran International Airport at 7.27am dential funeral since Gerald Bush's son George - the Presidential Library in Col- Therefore, we are intimat- Intermediate and Secondary Ford died in 2006. 43rd president of the United lege Station, Texas. intimated in writing to the local time. ing you via this ad that you Education Sahiwal within Secretary Board of Interme- A report by USA Today quoted an airline spokesperson as Bush was a decorated States - and other loved ones Bush will be buried next to should appear in the court on World War II fighter pilot, are expected to travel on the his wife Barbara, who died in 15 Days. Muhammad Shan diate and Secondary Educa- saying that a section of the engine cover called a cowling came 04-12-2018 at 8Am to de- Javed S/O Muhammad loose and separated from the plane. former head of the Central presidential jet. April, and their daughter fend the suit. Otherwise the tion Sahiwal, within 15 The spokesperson added that all passengers were given a re- Intelligence Agency, and vice Also reportedly expected Robin, who died of leukemia court would start ex-partee Ramzan Javed R/O G.T days. Ali Raza S/o Abdul fund and a US$500 voucher for a future Frontier flight. The president to Ronald Reagan to make the trip is his service at age three. proceedings and no excuse Road House No. 121/11 Fa- Razzaq R/O Chak No airline also made arrangements for passengers to travel on before winning the White dog Sully - McGrath posted Another report adds: The afterwords will be accept- reed Gunj Chichawatni Dis- 110/7-R Tehsil Chichawatni House. a touching photo of the yel- French government will con- other airlines to ensure they would reach Florida as quickly as able. trict Sahiwal. District Sahiwal. 12 Meeting of Council of Explosion in a car KARACHI: Empty vehicle turned into pieces in an ex- Common Interests today plosion in Karachi Defence area while no loss of life was ISLAMABAD: Attorney General of Pakistan Anwar Man- reported in this incident Monday. Police said that explo- soor Khan has called meeting of Council of Common Interests The sion occurred due to gas cylinder blast in the car in (CCI) today (Tuesday) to allay the reservations of provinces on Khayaban Mujahid area of Defence ,as a result Fire water distribution. Chief Ministers of all four provinces have brigade was called for extinguishing fire . According to been invited to attend this session in person. Attorney General Police six Gas cylinder have been recovered from the ve- of Pakistan will chair the meeting in which Chief Ministers of hicle while Bomb Disposal squad(BDS) reached the spot Sindh and Balochistan will inform him about their reserva- tions on water distribution to provinces. —Online LBahore, Tuesday, Dsecemibern 04, 201e8 Rabis-ul-Aswal 25, 1440 after incident.—Online

Fix water quality ‘Govt starts in 7 days or face shutdown: CJP annihilation of By Our Staff Correspondent national heritage’ SUKKUR: Former opposition leader in National As- ISLAMABAD: Chief Justice of Pak- sembly (NA) Syed Khurshid Shah has said they are fol- istan Mian Saqib Nisar on Monday di- lowing the policy of “see and wait” rected mineral water companies to pay “ After annihilating the national economy, the annihila- the price of ground water and fix the tion of national heritage has been started”, he said this in quality of their water by next Monday, an informal chat with journalists after attending a cere- warning them that the companies would mony here Monday. otherwise be shut down. He held that the process of destroying national heritage While hearing a case regarding the use has been started by demolishing walls of Governor House of ground water by mineral water com- Lahore while the nations do their utmost to protect na- panies at the Supreme Court, the top tional heritage. But the tragedy is here that government is judge said that the judicial commission's working against international traditions. report was inconclusive, adding that min- To a question he said PTI chairman Imran Khan has eral water companies should have mercy been befooling the people since the several years. He will on consumers. have to deliver the pledges he has made with the people. CJP Nisar asked the advocate generals We will continue to remind Imran Khan his promises. of all four provinces to suggest how the Responding to a question he said “we are pursuing pol- issue could be fixed. "This fraud with cit- icy of “ see and wait”. The government economic policies izens should be ended [...] We will not let are highly flawed and it has no vision. The bombshell of the citizens' water and money be wasted." inflation has been dropped on the people by the govern- ment by scaling up the prices of petroleum and gas and he asserted. electricity. During the hearing, the three-member He warned if government does not work then it will bench directed water companies to follow have to go home otherwise people will pack them to the recommendations of the judicial com- home.—Online mission. "They are taking water from Indus River and canals. They are cleaning the water and selling it," CJP Nisar said, re- marking: "There should be a restriction FBR reforms can on mineral water companies." ISTANBUL: SAARC CCI leadership with Rifat Hisarciklioglu, President, the Union of Chambers and Commodity Exchanges of He told a mineral water company Turkey (TOBB), and Arnaldo Abruzzini, CEO, EUROCHAMBRES. reduce poverty, owner that until now, the company had been selling citizens poor quality drink- ing water. says Achakzai "Do you not think about the country ISLAMABAD: Federation of Pakistan Chambers of and citizens?" he asked, passing the ob- Commerce and Industry’s (FPCCI’s) presidential candi- servation that only Qarshi and Gourmet's date Engr. Daroo Khan Achakzai on Monday said the gov- water quality was acceptable. ernment should accelerate reforms in the FBR to reduce The top judge directed the companies Asia cannot prosper poverty. to the improve the quality of their water Reforms in the Apex tax agency will also facilitate pro- by Monday otherwise they would be shut duction and exports which will result in prosperity, he said. down. Engr. Daroo Khan Achakzai said that the tax system is "People will not die thirsty ─ water still heavily tilted while indirect taxation has reached from wells is of better quality than this," ninety percent resulting in increased poverty. he said. alone without South The government should try to make the tax system just and equitable so that proper distribution of wealth can be Environmental Protection Agency Di- ensured, he added. rector General Farzana Shah told the He said that the policy of milking business community court that mineral water companies should be reconsidered and they should also be facilitated source their water from the ground and which is the only way to make country self-reliant. canals in Punjab, replacing the canal Asia, says Ruwan The business leader said that reforms will help restore water with sewage. ISTANBUL: Ruwan Ediris- CCI, was the key note speaker in Union of Chambers and Com- the Best Chamber of Asia-Pa- inghe, President SAARC Cham- the session, titled “Regional In- modity Exchanges of Turkey cific. the confidence of the business community which will re- The tainted water, she said, is then used flect positively in the budget. by farmers to water their crops. ber of Commerce and Industry tegration and Connectivity for (TOBB), Arnaldo Abruzzini, Leaders of commercial cham- The business community can only deliver when it is at A lawyer for a mineral water company, (SAARC CCI), led a business- Sustainable Development”. Ear- CEO, EUROCHAMBRES on bers and associations from peace of mind for which they should be regarded as part- Shahid Hamid, said that his client had ad- men delegation to participate in lier, Chandi Raj Dhakal, Vice- the way forward for a mutually Turkey, Australia, Georgia, Rus- ners in the bumpy journey to the development. —Online hered to all the quality standards. 32nd edition of Confederation of President, SAARC CCI (Nepal), beneficial cooperation. The idea sia, Bangladesh, India, Iran, CJP Nisar said that the court still had Asia Pacific Chambers of Com- also addressed the session on of holding joint session of Laos, Mongolia, Nepal, Pakistan, not registered a case against mineral merce and Industry of the Asia- Tourism. SAARC CCI and ECO meeting and Sri Lanka attended the con- water companies, although given the con- Pacific Region (CACCI) summit While addressing the august was also discussed in length. ference, discussing the develop- duct of the companies, he said, it should titled “Asia: Expanding Bor- gathering, President, SAARC During the last section of the ment opportunities between Export industry to be done. ders”, held in Istanbul, Turkey. CCI Edirisinghe, said that this 32nd CACCI summit, the 90th public and private sectors in The Union of Chambers and century belongs to Asia and Asia Council Meeting took place, Asia-Pacific Region, and coop- be run at all costs: Commodity Exchanges of cannot proposer without devel- chaired by Samir Modi, who eration in trade, industry, econ- Turkey (TOBB) hosted the sum- opment in South Asia. South took over from Mr. Jemal In- omy and other areas. USC contractual mit. Chandi Raj Dhakal, Vice- Asia represent one-fifth of aishvili as President of CACCI. CACCI is a non-governmen- Petroleum Minister LAHORE: Federal Petroleum Minister Ghulam Sarwar employees will be President, SAARC CCI (Nepal), world’s market and untapped TOBB President Rifat tal regional grouping of apex na- Khan on Monday said the government is committed to run Desh Bhandu Basnet, Executive market for investment and busi- Hisarcıklıoğlu, and Mongolian tional chambers and business the export-oriented industry at all costs by ensuring unin- Member (Nepal) and Zulfiqar ness ventures. He invited the in- National Chamber of Commerce enterprise in Asia Pacific and the terrupted gas supply to it. regularised soon Butt, Deputy Secretary General, vestors to explore the business and Industry (MNCCI) CEO and Western Pacific. The CACCI an- Briefing the media persons at the SNGPL Head Office ISLAMABAD: Utility Stores Corpo- of SAARC CCI were part of the opportunities of South Asia and SRCIC Vice Chair, Oyunchimeg nual conference attracts industry here, he said that the zero-industrial units would be given ration Managing Director Wajid Khan delegation. strengthen ties. Earlier he also Magvan, were re-elected as leaders from across Asia-Pacific Rs 25 billion subsidy on gas for three months of winter Swati on Monday said contractual and Turkish Vice-President Fuat addressed the dinner gathering of CACCI Vice Chairs. countries and serves as an im- season with effect from October 16, 2018. In an effort to daily-wages will be regularised soon and Oktay, was the chief guest at the 32nd CACCI meeting. In the, “Local Chamber portant platform to discuss and boost the overall exports of the country, the government is measures have been taken in this regard. opening ceremony and delivered The SAARC CCI leadership Awards,” competition organized deliberate upon key economic is- also contemplating to continue with uninterrupted gas sup- He said this while talking to media per- a key note address. Ruwan also held meetings with Rifat by the CACCI, the Aegean sues impacting global busi- ply facility to export industry till June 2019. sons at his office in Islamabad on Mon- Edirisinghe, President, SAARC Hisarciklioglu, President, The Chamber of Industry was named nesses. The petroleum minister said that UFG (Unaccounted for day. The managing director said the gas) was 11 percent in Sui Northern Gas Pipelines Lim- organization has faced Rs13 billion trust ited (SNGPL) covering Punjab and Khyber Pakhtunkhwa, while 13 percent UFG in Sui Southern Gas Pipelines Lim- deficit in the past five years. ited (SSGPL) covering Sindh and Balochistan. He also said the organisation has Rs8 He explained that one percent UFG means Rs 2 billion billion remittances to different companies loss and in this way both the gas companies have an accu- and organizations due to which the USC BankIslami partners with mulative loss of Rs 48 billion. The incumbent government facing deficit. has decided to mitigate the UFG ratio by one percent i.e. He, however, said the USC’s problems overcome Rs 2 billion loss per annum, and SNGPL and would be resolved after getting financial SSGPL have been tasked in this regard, he added. package from the government. He said Indus Motor Company Ghulam Sarwar said that the government is reconstitut- the sale of products and items has been LAHORE: BankIslami Pakistan Limited tomers who will greatly benefit from our Banks of Pakistan and offers Shariah com- ing the Board of Directors (BoDs) of all 14 companies reg- increased at the utility stores due to hard has signed a Memorandum of Understanding uniquely structured auto financing solutions. pliant products and services for all segments istered with the Ministry of Petroleum out of which five work of the staff. (MoU) with Indus Motor Company Limited This relationship will certainly help of the society. Indus Motor Company Lim- are listed (with stock exchange) and nine are non-listed. Swati added the supply companies (IMC) to offer customized financing pack- BankIslami and IMC explore new avenues to ited (IMC) manufactures and markets Toy- Since these boards were politically manipulated, he said have resumed supply of daily commodi- ages to IMC customers of Toyota Fortuner, benefit our customers.” ota branded vehicles in Pakistan.—PR the government has decided their reconstitution by giving ties to the utility stores across Pakistan Revo, Camry, and Rush across the country. Syed Omar, General proper representation to oil and gas producing provinces which they had earlier stopped. Swati fur- The Bank will offer these financing options Manager- Sales, IMC, and private sector as well as incorporating relevant experts, ther said the corporation remained help- through its flagship product 'Islami Auto Fi- also expressed his professional and qualified people into each BoD consisting less during the past five years due to nance'. Bilal Fiaz, Head of Consumer Bank- views saying, “This of 11 members.—APP which trust deficit was further graved. ing, BankIslami and Syed Omar, General initiative will create an He said being MD of the organisation Manager- Sales, IMC, laid the cornerstone of ideal scenario for both he has held meeting with the CEO of the this partnership by signing the agreement in the organisations and many big companies so that the supply of a meeting held in Karachi. will enable us to offer NAB files reference the products can be ensured. He main- Speaking on the occasion, Bilal Fiaz, Head best value proposition tained that despite billion of rupees re- of Consumer Banking, BankIslami, said, to the customers.” mittent the companies have been agreed “The collaboration is a milestone not only for BankIslami is one of against Dr Shoukat to resume supply to the utility stores. both the organizations but also for the cus- the largest Islamic ISLAMABAD: The National Accountability Bureau (NAB), Rawalpindi has filed a reference of Rs 1.28 billion against, Dr. Shoukat Ali Bangash Chief Executive Officer (CEO) Global Health Services (GHS). The accused solicited fake investments in the name of the Global Health Services (GHS) from overseas Pakista- WB promises $200 billion in 2021-25 climate cash nis. The reference has been filed in Accountability Court WASHINGTON: The World ing northern counterparts for year, but the direct (finance) is 27 nancing. Much of the climate ac- worst affected, Georgieva said the Islamabad. Bank on Monday unveiled $200 firmer commitments. billion per year on average,” tion financing is being set aside for bank was committed to adapting In this regard, Pakistani Ambassador to United States of billion in climate action investment In a statement, the World Bank Roome said. reducing greenhouse gas emissions, infrastructure while investing in America Jalil Abbas Jilani also wrote a letter to Chairman for 2021-25, adding this amounts said the breakdown of the $200 bil- He added that in the 2018 fiscal notably through development of re- “climate smart agriculture, sustain- NAB on 11.05.2016 emphasising that;“such scam are not to a doubling of its current five- lion would comprise “approxi- year, running from July 2017 to newable energy strategies. able water management and re- only discouraging expatriate Pakistanis from investing in Pakistan, they are also tarnishing the image of Pakistan year funding. mately $100 billion in direct June this year, the World Bank had However, the World Bank stated sponsive social safety nets” as well abroad and undermine Embassy’s efforts to engage over- The World Bank said the move, finance from the World Bank.” committed $20.5 billion to climate that “a key priority is boosting sup- as early response networks. seas Pakistanis in national development. coinciding with a UN climate sum- Around one third of the remaining action, compared with an annual port for climate adaptation,” given “Even if we can keep global It has also been transpired in investigation that accused mit meeting of some 200 nations in funding will come from two World the millions of people already bat- warming down to 2 degrees Cel- Dr Shoukat Ali Bangash dishonestly and fraudulently in- Poland, represented a “signifi- Bank Group agencies with the rest tling the consequences of extreme sius we know you're gonna need a duced general public of safe and lucrative investment in cantly ramped up ambition” to private capital “mobilised by the weather. “By ramping up direct significant amount of adaptation in his Company. He signed the Contracts, giving an impres- tackle climate change, “sending an World Bank Group.” adaptation finance to reach around places like Chad, Mozambique or sion to the investors that Contract is between the Company important signal to the wider “If we don't reduce emissions $50 billion over (fiscal) 21-25, the Bangladesh,” said Roome. and the investor while infect accused transfer his personal global community to do the same.” and build adaptation now, we'll World Bank will, for the first time, The countries whose representa- shares in the result of this Contract. He dishonestly used Developed countries are com- have 100 million more people liv- give this equal emphasis alongside tives are meeting at the UN climate name of the Company and his designation to induce gen- mitted to lifting combined annual ing in poverty by 2030,” John investments that reduce emis- summit which opened Sunday in eral public. public and private spending to Roome, World Bank senior direc- sions,” the bank stated. the Polish city of Katowice are He misappropriated money received from general pub- $100 billion in developing coun- tor for climate change, warned. Given the urgency to act in the seeking to make good on commit- lic by increasing his personal share holding in the Com- pany. He charged exaggerated prices of shares to investors tries by 2020 to fight the impact of “And we also know that the less face of sea level rise, flooding and ments made in the 2015 Paris cli- while he bought the same shares at face value of Rs. 10 climate change — up from 48.5 we address this issue proactively drought “we must fight the causes, mate accord. per share. Hence defrauded the investors of their hard billion in 2016 and 56.7 billion last just in three regions — Africa, but also adapt to the consequences That agreement saw countries earned money in the tune of Rs 1.2 billion. year, according to latest OECD South Asia and Latin America -- average of $13.5 billion for the that are often most dramatic for the commit to limiting global temper- He fraudulently induced the investors for more invest- data. we'll have 133 million climate mi- 2014-2018 period. Roome said the world's poorest people,” said ature rises to well below two de- ment in the garb of Board seat of QIH. There is no such Southern hemisphere countries grants,” Roome told AFP. money now being earmarked World Bank CEO Kristalina grees Celsius (3.6 degrees provision of having a board of directors of QIH, as QIH is fighting the impact of warming The bank's financing package amounted to “about 35 percent” of Georgieva. By stepping up finan- Fahrenheit), and to the safer cap of not registered with SECP in any capacity hence had no temperatures are nonetheless push- amounts to “about 40 billion a the World Bank Group's total fi- cial aid to developing countries 1.5C if at all possible.—AFP legal status / authority and non-existent legally.—Online

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