The Financial Daily 29-12-2016

www.thefinancialdaily.com

Simultaneously published from Karachi and Lahore International

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

Economic Indicators TOP NEWS::::AZHAR FIRST PAKISTANI TO SCORE A TEST DOUBLE TON IN AUSTRALIA

Forex Reserves (16-Dec-16) $23.132bn Terrorists include killers of Ismaili community people;
Inflation CPI% (Jul 16-Nov-16) 3.92% Three other terrorists have been awarded imprisonment
Exports (Jul 16 - Nov 16)
Imports (Jul 16 - Nov 16) $8.19bn COAS confirms
Trade Balance (Jul 16 - Nov 16) $19.64bn death sentence to
Current A/C (Jul 16-Oct-16) $(11.78)bn eight terrorists
Remittances (Jul 16-Oct-16) $(1.76)bn
Foreign Invest (Jul 16-Nov-16) $7.87bn
Revenue (Jul 16 - Sep-16) $364mn
Foreign Debt (Sep 16) Rs 1,073bn
Domestic Debt (Sep 16) $74.64bn
Repatriated Profit (Jul 16-Nov 16) Rs 14,502bn
LSM Growth (Oct 16) $802mn
GDP Growth FY16
Per Capita Income FY14 2.35%
Population 4.70%
$1,386
193.66mn

Portfolio Investment

SCRA(U.S $ in million) -364.43

Yearly(Jul, 2016 up to 27-Dec-2016)

Monthly(Nov, 2016 up to 27-Dec-2016) -353.57

Daily (27-Dec-2016) -26.85

Total Portfolio Invest (16-Dec-2016) 7,755 Killers of social workers Sabeen also among sentenced;
Kidnappers of two Chinese engineers are also punished
NCCPL
-5.37 RAWALPINDI: Chief of ian for ransom. On the whole, nity travelling in a bus at
(U.S $ in million) 2.60
-0.34 Army Staff (COAS) General they were involved in killing of Safoora Chorangi Karachi
FIPI (28-Dec-2016) 6.63
Local Companies (28-Dec-2016) 1.90 Qamar Javed Bajwa 90 persons and injuring 99 oth- which resulted in death of 45
Banks / DFI (28-Dec-2016) 0.51
Mutual Funds (28-Dec-2016) -3.30 Wednesday confirmed death ers. passengers and caused injuries
NBFC (28-Dec-2016)
Local Investors (28-Dec-2016) sentences awarded to another Explosives were also recov- to 6 others. They were also MIANWALI: Prime Minister Muhammad Nawaz Sharif being presented with a plaque by
Other Organization (28-Dec-2016) Chairman Pakistan Atomic Energy Commission during the inauguration of the Chashma Nuclear
eight hardcore terrorists. ered from their possession. involved in killing of a social

Global Indices According to a statement These convicts were tried by worker Mst Sabeen Mehmood Power Plant-3, here on Wednesday. - APP photo

Index Close Change issued by the Inter-Services military courts. Besides, 3 other at Karachi. Chashma-3 (C-3) isTwo-state Thanks China for coop in nuclear field
504.16
KSE 100 47,424.63 1.34 Public Relations (ISPR) the ter- terrorists have been awarded These convicts admitted their only way to
179.98
Nikkei 225 19,401.72 2.76 rorists were involved in imprisonment. offences before the Magistrate
83.41
Hang Seng 21,754.74 12.12 heinous offences related to ter- Detail of each case is as and the trial court. They were
36.59
Sensex 30 26,210.68 16.97 rorism, including killing of under. awarded death sentences.

ADX 4,517.15 innocent civilians, slaughtering The convicts Hafiz The convict Muslim Khan ME peace, a milestone to end
says Kerry load-shedding: PM
SSE COMP. 3,102.54 soldiers of Law Enforcement Muhammad Umar alias Jawad son of Abdul Rasheed was a
Monitoring Desk
FTSE 100 7,104.76 Agencies and Armed Forces of son of Afzal Ahmed, Ali spokesman of proscribed

*Dow Jones 19,928.07 Pakistan. Rehman alias Pano/Tona son of organization. He was involved

*Last Updated 20:00 PST

GDR update These terrorists include those Asif ur Rehman, Abdul Salam in killing of innocent civilians,

Symbols $.Price PKR/Shares who planned and executed alias Tayyab/Rizwan Azeem attacking Armed Forces and MIANWALI: Prime Minister said this cooperation is also

MCB (1 GDR= 2 Shares) 3.00 157.16 attack on persons of Ismaili son of Muhammad Nazar ul Law Enforcement Agencies of WASHINGTON: US Nawaz Sharif Wednesday beginning of a new era of

OGDC (1 GDR= 10 Shares) 14.40 150.87 Community at Safoora Islam and Khurram Shafique Pakistan, which resulted in Secretary of State John Kerry described completion of development in the region.

UBL (1 GDR= 4 Shares) 6.75 176.80 Chowrangi Karachi, wherein alias Abdullah death of 31 persons including insisted on Wednesday the only Chashma-III (C-3) as another The Prime Minister

LUCK (1 GDR= 2 Shares) 19.15 501.59 45 persons died at the spot and Mansoor/Abdullah Mansuri Inspector Sher Ali of police and way to secure a lasting peace milestone towards the journey expressed the confidence that

HUBC (1GDR=25Shares) 29.81 124.93 6 others got injured. son of Muhammad Shafiq were injuries to 69 others. between Israel and Palestinians to eliminate the menace of load Chashma-IV nuclear power

Money Market Update They also include those who members of proscribed organi- He was involved in slaughter- is to negotiate a two-state solu- shedding from the country. plant would also become oper-

T-Bills (3 Mths) 21-Dec-2016 5.96% killed a social worker Mst zation. ing of Capt Najam Riaz Raja, tion to their conflict. Performing inauguration of ational before its deadline of

T-Bills (6 Mths) 21-Dec-2016 5.98% Sabeen Mehmood, kidnapped 2 They were involved in attack- Capt Juniad Khan, Naik Shahid Explaining the US decision the plant he said the project is mid next year. He expressed

T-Bills (12 Mths) 21-Dec-2016 6.07% Chinese Engineers and a civil- ing persons of Ismaili commu- See # 1 Page 7 last week not to veto a UN reflective of closer cooperation pleasure that Chashma two and

Policy Rate 26-Nov-2016 5.75% CPEC implementation Security Council vote to con- between Pakistan and China in three power plants are most

Kibor (1 Mth) 28-Dec-2016 6.23% demn Israeli settlement build-

Kibor (3 Mths) 28-Dec-2016 6.12% science and technology. He See # 6 Page 7

Kibor (6 Mths) 28-Dec-2016 6.15% ing, Kerry said: "The vote in Govt decides to

Kibor (9 Mths) 28-Dec-2016 6.41% shows progress: Xinhua the UN was about preserving

Kibor (1 Yr) 28-Dec-2016 6.45% the two-state solution.

P.I.B (3 Yrs) 28-Dec-2016 6.65%

P.I.B (5 Yrs) 28-Dec-2016 7.50% "That's what we were standing introduce new

P.I.B (8.15 Yrs) 28-Dec-2016 8.50% up for: Israel's future as a Jewish

P.I.B (15 Yrs) 28-Dec-2016 10.30% and democratic state, living side-

P.I.B (20 Yrs) 28-Dec-2016 10.60% KARACHI: Three years on 6th Pakistan, for local people, the Xinhua
the China-Pakistan Economic China JCC
P.I.B (30 Yrs) 28-Dec-2016 11.00% Corridor (CPEC), described by meeting today by-side in peace and security anti-terror law
Pakistani Prime Minister
PMEX Commodity Index. Nawaz Sharif as a "game BEIJING: The sixth meeting news agency stated in a lengthy with its neighbours," he said.
changer" for the entire region of Pak-China Joint
Opening 3,028 here, has entered into full Cooperation Committee (JCC) news reports in its popular See # 9 Page 7
Closing 3,046 implementation in 2016 and of China-Pakistan Economic
Change remarkable progresses have Corridor (CPEC) will be held Yearender series. Approval of
% Change 18 been achieved. in Beijing today (Thursday).
Volume (Lots) 0.59 "The China-Pakistan
7,492 Chinese ambassador to Minister for Planning and
Commodities Pakistan Sun Weidong reiterat- Development Ahsan Iqbal will Economic Corridor is building arms licences to ISLAMABAD: The Ministry up to 90 days.
ed on many occasions that 16 lead the Pakistan delegation
early harvest projects, includ- while Vice Chairman of a more amicable bond between of Interior has finalised a new POPA became ineffective
ing several power stations, National Development and
*Crude Oil (brent)$/bbl 56.34 highways and projects related our two brotherly countries. MNAs, public anti-terrorism law by merging after expiry of its tenure, how-
to Gwadar Port, are under con- See # 2 Page 7
*Crude Oil (WTI)$/bbl 54.06 struction and tens of thousands Our friendly cooperation is Protection of Pakistan Act ever, the proposed law will
of new jobs have been created
*Cotton $/lb 69.85 ushering in a golden era for discussed (POPA) and Anti-Terrorism Act have no fix duration.

*Gold $/ozs 1,137.42 greater development," said Sun (ATA), sources revealed on Meanwhile, the National

*Silver $/ozs 15.95 during the ceremony of instal- Wednesday. Assembly Standing Committee

Malaysian Palm $ 699 lation of a new chandelier at ISLAMABAD: The 30th The interior ministry is now on Interior and Narcotics
meeting of the Standing
*GOLD (PMEX) PKR 42,685 Mazar-e-Quaid, or the Committee on Interior and discussing the legislation with Control met to adopt Criminal
Narcotics Control was held in
KHI Cotton 40Kg PKR 6,645 Mausoleum of the Founder of Islamabad on Wednesday under the Ministry of Law & Justice. law (Amendment) Act 2014
Chairmanship of MNA Rana
*Last Updated 20:00 PST Pakistan Muhammad Ali Shamim Ahmad Khan. Under the proposed bill, aimed at uplifting penalties for

Open Mkt Currency Rates Jinnah, in Karachi on Committee took up ten differ- investigation agencies will various crimes.
ent Government and Private
Symbols Buy (Rs) Sell (Rs) December 17. have the power to keep suspect- The amended act proposed to
See # 10 Page 7
Australian $ 76.50 77.30 See # 3 Page 7 ed terrorists in their custody for See # 7 Page 7
80.10 Baldia factory ablaze
Canadian $ 79.25 14.80 ECC allows export
113.45 Plot hatched
Danish Krone 14.50 13.65 Experts suggest US President-elect to develop clearer policies in sector
0.910
Euro 112.25 28.85 Trump should ease tension
74.55 between Pakistan, India
Hong Kong $ 13.40 11.45 of 225,000 MT of
102.00
Japanese Yen 0.880 29.65
134.00
Saudi Riyal 28.65 108.50

Singapore $ 73.75 sugar from surplus

Swedish Korona 11.20

Swiss Franc 101.10

U.A.E Dirham 29.40 ground: ISLAMABAD: The Economic Office on Wednesday.
Ghulam Ali Coordination Committee (ECC) ECC also has approved the
UK Pound 132.25 WASHINGTON: US strained ties between the two Chaudhary, a former Pakistan has decided to allow export of
countries. Two analysts, taking director at the U.S. National KARACHI: The curious case 225,000 MT of sugar from the proposal of the Ministry of
US $ 108.20 President-elect Donald Trump part in the discussion, stated Security Council said, referring of Baldia factory fire witnessed surplus available after ascer- Petroleum and Natural
that relations between India and to the attacks in the Indian-held yet another breakthrough as taining that there would be 1.23 Resources regarding allocation
Inter-Bank Currency Rates should develop clearer US poli- Pakistan were becoming less valley, which India has blamed Rahman Bhola's close friend million metric tons of surplus of additional around 50
predictable as nationalist senti- on Pakistan. Ghulam Ali made new revela- sugar available in the country. MMCFD available gas from
Symbols Buying Selling cies to ease strains between the ments in India heighten politi- Habib Rahi Limestone (HRL)
cal pressure there to escalate its Chaudhary said that every The meeting of ECC of the reservoir to Thermal Power
TT Clean TT & OD nuclear-armed neighbors response to clashes in the dis- new administration wants to
solve the India-Pakistan stand-
Australian $ 75.19 75.33 Pakistan and India, senior ana-

Canadian $ 76.91 77.06 lysts said at a discussion at the

Danish Krone 14.70 14.73 US Institute of Peace.

Euro 109.30 109.51 The discussion in a USIP

Hong Kong $ 13.45 13.48 forum on Wednesday followed puted territory of Kashmir. off, a possibility that Trump tions during his confessional Cabinet was chaired by Federal Station Guddu

Japanese Yen 0.891 0.893 an escalation across the Line of "The fear of direct military and his Vice President-elect statement. Finance Minister Senator Ishaq (TPSG/GENCO-II) subject to

Saudi Riyal 27.82 27.87 Control (LoC) that has further conflict is real," Shamila See # 4 Page 7 See # 11 Page 7 Dar at the Prime Minister's See # 8 Page 7

Singapore $ 72.04 72.18 Oil price increase helps index achieve new high

Swedish Korona 11.33 11.35

Swiss Franc 101.62 101.81

U.A.E Dirham 28.52 28.57

UK Pound 128.30 128.55 KSE-100 Index sees another bullish session closing higher by 504 points

US $ 104.77 104.96

Weather Forecast Ghulam Raza Rajani banking sector to stay in green 971.32 points to finish the day viding early support as they cumulatively contributed light and traded higher as
zone. at 81,338.15 level. investors tracked continued rise nearly one-fifth points to investor cheered provisional
Cities Max-Temp Min-Temp KARACHI: Market carried on in global crude. Thereafter, KSE100 Index; while other release of higher-than-expected
from where it left the previous The benchmark KSE-100 Ali Raza at Elixir Securities institutional flows in index notable blue-chips such as urea offtake in November.
Islamabad 28°C 18°C day as index went on to mark a index closed higher by 504.16 Ltd. said Pakistan Equities names helped kept the momen- Engro Corp plus by 2 per cent, Additionally, the recently-
new all time high. Increase in point to close at 47,424.63 staged a surprising rally as tum going with a number of Pakistan Petroleum, Lucky acquired food company Engro
Karachi 34°C 18°C international oil prices kept points. KSE All Share Index institutional buying emerged stocks rallying and supporting Cement and DG Khan Cement Foods increased by 5 per cent
local oil scrips in limelight. Oil increased by 362.45 to end at that pushed benchmark the Index ride. Index heavy 1.5, 1.1 & 2.2 per cent also also witnessed heavy buying
Lahore 31°C 15°C sector played an important role 32,461.98, KSE 30-Index KSE100 index to a new all- MCB Bank and Habib Bank landed themselves among Top and closed at its upper price
in market positivity. Higher ascended by 317.90 points to time high over 47,400 levels. higher by 2.3 & 1.1 per cent Ten stocks on leader board. limit. We see current
Faisalabad 28°C 12°C institutional interest helped conclude at 25,665.88, whereas Market opened on a positive stood out as star performers as Fertilizers also came in lime-
KMI 30-Index improved by note with index heavy Oils pro- See # 5 Page 7
Quetta 19°C 7°C

Rawalpindi 25°C 13°C

Subscribe now

Tel: 92-21-35311893-6
Fax: 92-21-35388427

Email: editor@ thefinancialdaily.com

2 NATIONAL Thursday, December 29, 2016

PM can't run Four Punjab SBP issues revised
away from universities instructions on
Panama case, get acting

says Naeem VCs

ISLAMABAD: Pakistan KARACHI: President Karachi Chamber of Commerce & Industry LAHORE: Punjab higher neutral Directors
tehreek-e-Insaf (PTI) (KCCI) Shamim Ahmed Firpo presenting KCCI's crest to Federal Insurance education department on
leader Naeem-ul-Haque Ombudsman M. Raeesuddin Paracha at the Seminar on "Public Awareness Wednesday issued notifi- KARACHI: Since last keeping in view the year.
on Wednesday said that cation for the appointment domestic regulatory/legal It is the core responsi-
Prime Minister (PM) about dispute resolution mechanism of Federal Insurance Ombudsman" of acting vice-chancellors financial crisis most of regime and international
Nawaz Sharif cannot run at KCCI. Senior Vice President KCCI Asif Nisar, Vice President KCCI of four universities. best practices. New defi- bility of State Bank of
away from Panama Leaks the countries have revised nition is somewhat more Pakistan (SBP) to ensure
case without clarification. Muhammad Younus Soomro and others are also seen in the picture. The competence for the stringent than the previ- financial stability of the
appointment of vice-chan- their regulatory instruc- ous one. Thus it will help banking industry by pro-
Responding to PM's SHC orders Sindh govt cellors by the Punjab gov- in identifying and pre- viding continuous super-
speech, Naeem-ul-Haque not to remove IG ernment was challenged tions particularly focus- venting conflict of inter- visory support and guid-
said that construction of in Lahore High Court est situation to a greater ance.
energy project is very (LHC). ing on the enhanced role extent.
much needed in the coun- For the purpose, SBP
try but track record of PM However; the court of Independent Directors Minimum number of endeavors to strengthen
and Chief Minister of while declaring the stance Independent Directors has the good governance
Punjab (CM) is not so as accurate directed the in the ever-changing pace been increased from 25% regime in the banking
good. higher education depart- to 33% of the total Board industry through continu-
ment to issue notification of the financial markets, members with effect from ously reviewing and
He said PM is cutting in this regard and appoint March 31, 2018. Separate updating its regulatory
ribbons instead of senior professors as acting says a Press release. meeting of the instructions to cope with
responding to Panama VCs over the recommen- Independent Directors of the domestic challenges
Leaks issue. He said no dations of search commit- Accordingly, SBP has a bank/DFI has been sug- as well as to stay in line
work has been done on tee. gested at least once in a with the international best
Nandipur, Quaid-i-Azam also issued revised practices and standards.
Solar Park and Gadani As per the notification,
Power projects. Punjab University's VC instructions on
Dr Mujahid Kamran has
PTI leader lashed out at been dismissed from his Independent Directors of
PM and said that PM post and Dr Zafar Moeen
termed his Parliament KARACHI: The Sindh challenging probable period of A. Dino has been appointed as the the banks/Development
speech as political. He High Court (SHC) on removal of A.D. Khawaja. Khawaja. acting VC.
said that such attitude of Wednesday ordered the The court also called Finance Institutions;
PM has disappointed the provincial government not replies from the federa- Some media reports also Dr Rukhsana Kausar
nation. to remove Inspector tion, Sindh government suggested that A.D. will be the acting VC of highlights of the same are
General Allah Dino and A.D. Khawaja by Khawaja has been sent on Lahore College for
Naeem-ul-Haque said Khawaja from his post. January 12. forced leave after his dif- Women University, Dr as follow:
that the people are not ferences with powers to Zubair of Nawaz Sharif
having any interest in fake The court has directed As per notification be. Sindh Government, Engineering University Revision of the defini-
talks and slogans. - NNI Multan and Dr Ishtiaq of
Sargodha University. tion of Independent
NAB set to
challenge An implementation Director has been made,
Dr Asim's report regarding the
medical reports the provincial government issued by the provincial however, refuted the court's verdict will be pre- NFIS urges training
not to take any action till government on December reports and claimed that sented on the next hearing
January 12. 19, Mushtaq Ahmed the police chief went on by higher education of SMEDA staff
Mehar, an officer of Police leave on his own. department. - NNI
The order was issued Service of Pakistan, KARACHI: The Task Development Fund (SME- size and scope of SMEDA
after a plaintiff informed Additional Inspector It may be mentioned No change of DF) for small interven-
court that the PPP-led General of Police, was here that the federal gov- opposition Committee for capacity tions and products devel- to meet the demands and
Sindh government has allowed to look-after the ernment had removed IG leader in NA opment at its meeting at
sent AD Khawaja on charge of the post of Ghulam Haider Jamali on building of the Small and SMEDA Karachi office on serve the sector and over-
forced leave. Inspector General of November 12 and appoint- planned: PPP 29th December 2016.
Police in addition to his ed Khawaja in his place Medium Enterprises come the challenges it is
The bench issued a stay own duties, during leave following a Supreme KARACHI: Pakistan He said SMEDA has
order after preliminary Court directive. People's Party (PPP) on Development Authority definite plans for estab- facing. It needs a SMEDA
hearing of the petitions Wednesday contradicted a lishment of SME facilita-
news item that Chairman tion centers with state of
Over 350 get degrees at Bilawal Bhutto Zardari (Smeda) appointed by the the art training facilities of international standards
will replace Syed and the task committee
Khursheed Shah as Capacity Building will consider the proposal having connections with
Leader of the Opposition in its true perspective.
in the National Assembly. Working Group (CBWG) the Smeda's of the world.
The government needs
NUST Convocation In a clarification state- under the National to provide of funds for It needs a SMEDA with a
ment, the spokesman of SMEDA'S marketing
Bilawal House said, Financial Inclusion strategy and the CBWG scientific approach
"PPP leadership was not will recommend the
KARACHI: The National planning to change the Strategy (NFIS) recom- requirements of SMEDA equipped with men,
Opposition leader in the to the technical commit-
Accountability Bureau National Assembly." - mends training of tee. money and material to
NNI
(NAB) on Wednesday ISLAMABAD: Over 350 Shahzad, and Muhammad always remain indebted SMEDA staff in the The Union of Small and uplift the sector on mod-
both to their parents and the Bank holiday Medium Enterprises
declared Dr Asim's illness successful students received Sheraz Anjum of MS-IT faculty for the selfless and on January 2 renowned SME (UNISAME) has always ern lines.
dedicated services they ren- demanded a strong
as excuse to flee the corrup- degrees at the postgraduate batch-2011, Engr Sidra dered in enabling them to KARACHI: The State Development Institutes SMEDA and increase in Ali Sabih of UNISAME,
materialize their long-cher- Bank of Pakistan on
tion case against him. convocation of NUST Shahbaz of MS-IT batch- ished dreams. Wednesday announced and digital outreach of the Mukesh Kumar provincial
that the bank will remain
According to details, School of Electrical 2012, and Engr Tayyaba Highlighting the NUST closed for public dealing SMEDA'S services for chief and senior officials
achievements, the Rector on Monday, January 2,
NAB has decided to chal- Engineering and Computer Naz of MS-IT batch-2014. said, "The University had 2017 which is observed SMEs for a strong of SMEDA and Allied
grown at Godspeed in its as bank holiday.
lenge former petroleum Science (SEECS), at the In the discipline of size and stature, which was SMEDA capable of sector Bank are members of the
manifest in its coveted posi- In a statement, the cen-
minister's medical report in university's main campus Computer Science, tion among the global lead- tral bank said, "All banks promotion and develop- technical and task com-
ers in higher education." / Development Finance
the court. on Wednesday. President's Gold Medals Institutions (DFIs) / ment on modern lines, mittees. The exercise will
He made special mention Microfinance Finance
Dr Asim was shifted to The degrees were award- were awarded to Engr Atif of NUST's ranking among Banks (MFBs) shall, says a Press release. be led by Alamgir
the world's elite 100 univer- therefore, remain closed
Intensive Care Unit ward ed in the disciplines of Riaz of MS-CS batch-2011, sities under the age of 50. for public dealing on the Zulfikar Thaver chair- Chaudhry general manag-
He also commended above date."
(ICU) at National Institute Electrical Engineering, Osama Haq and Bushra Principal SEECS and his man CBWG said at the er SMEDA and will sub-
faculty for their conscien- "However, all employ-
of Cardiology where med- Information Technology, Qadir of MS-CE batch- tious efforts to ensure quali- ees of banks / DFIs / behest of SMEDA it will mit its report to the techni-
ty teaching and state-of- MFBs will attend the
ical staff said that the Computer Science, 2012, Engr Muhammad the-art research. office as usual," the also consider establish- cal committee under the
statement said. - NNI
patient needs to go abroad Computer and Zeeshaan Nawaz of MS-CS Addressing the students, ment of SME NFIS.
the Rector advised to be
for proper treatment. Communication Security, batch-2013, and Asma inquisitive in their approach
to life, and seize every
Sources told that NAB Information Security, and Hamza Bhatti of MS-CS opportunity to improve Advisory body
knowledge. He maintained
has formed a legal team that Innovative Technologies in batch-2014. that, "Being graduates of to be formed
the leading national univer-
will collect all the evidence Education. In the discipline of sity, they should willingly for Overseas
take upon themselves the
Rector NUST Lt Gen Computer and responsibility of bringing a Pakistanis
difference in the lives of the
and proofs. The bureau's Naweed Zaman, HI (M), Communication Security, poor, and that they must ISLAMABAD: Overseas
empathise with the under- Pakistanis Foundation
officials said that influential (Retd), presided over the President's Gold Medals privileged, adding that the (OPF) has approved the
real fulfilment in life lies constitution of seventy
suspects use such kind of convocation. Besides, the were awarded to Engr not in the riches but in the five members Overseas
service to fellow beings. Pakistanis Advisory
excuses to escape from the ceremony was attended by Ayesha Kanwal and Engr Council.
Earlier, Principal SEECS
case. distinguished guests from Rizwan Muhammad of Dr Zaidi, welcomed the The decision was taken
guests and congratulated in the137th meeting of the
The former petroleum academia, government MS-CCS batch-2011. In the the graduates and their par- Board of Governors
ents and faculty. He also chaired by Chairman OPF
minister is facing different departments, corporate cen- subject of Information presented a brief overview Barrister Amjad Malik in
of SEECS progress and Islamabad.
corruption references in ters, and the parents of Security, President's Gold achievements over the
years. - NNI Addressing the meeting,
accountability court (AC) graduating students. Medals were awarded to the Chairman OPF Board
of Governors, Barrister
while a terror case in anti- On the occasion, the gold Engr Haleemah Zia of MS- Amjad Malik said that
Pakistani expatriates are
terrorism court (ATC). medals were awarded to the IS batch-2014, whereas, in playing vital role in
improving the economy
One of the references outstanding graduates on the discipline of Innovative of the country and they
deserve special attention.
alleges Dr Asim of Rs 462 the basis of their distinctive Technologies in Education,
The Board also
academic performances. In President's Gold Medal was approved twenty names of
patent overseas Pakistanis
billion graft while the other the Department of awarded to Engr Syed form United Kingdom for
the Council. - NNI
of Rs 17 billion. He is Electrical Engineering, Mustafa Hassan of MS-ITE

accused of having con- President's Gold Medals batch- 2014.

cealed assets, granting ille- were conferred on Engr In his convocation

gal allotments, land grab- Hassaan Saadat and Engr address, the Rector NUST

bing, misuse of authority, Mohammad Amir Asim extended his warmest felic-

fraud and giving illegal Khan Jalwana of MS-EE itations to the degree hold-

contracts during his tenure batch-2011, Engr ers, their proud parents and

in Sui Southern Gas Muhammad Abdullah the esteemed faculty.

Pipelines Limited Hanif and Engr Naumana Eulogizing the graduates,

(SSGPL). Ayub of MS-EE batch- he said that, "Graduating

Besides SSGPL refer- 2012, and Engr from NUST is a matter of

ence, National Muhammad Nohman Javed great honor and prestige as KARACHI: Chairman PPP-P Bilawal Bhutto Zardari
and her sister Bakhtawar Bhutto Zardari offering
of MS-EE batch-2013. it involves a lot of hard Fateha on the grave of their mother Shaheed
Mohtarma Benazir Bhutto at Garhi Khuda Bakhsh,
Accountability Bureau In the discipline of work, unwavering commit- here on Wednesday. - APP photo by Nadeem Akhtar

(NAB) is pursuing money Information Technology, ment and the urge for sub-

laundering case against the President's Gold Medals lime." He, however,

former federal minis. - NNI were awarded to Irshad, Ali advised the students to

Govt determined to develop such economy as this model has proved successful in the world

Economy on public-private partnership basis: Marriyum

ISLAMABAD: Marriyum playing important role in the Speaking at the occasion, not possible to provide jobs to
Aurangzeb, Minister of State development of the national Khalid Iqbal Malik, President
for Information, Broadcasting economy and government was ICCI said, "The Ministry of all youth."
and National Heritage has said taking many initiatives to cre- Information, Broadcasting and
that government wanted to ate conducive environment for National Heritage should play He urged that, "The ministry
develop the economy on pub- business activities." role in highlighting investment
lic-private partnership basis as opportunities in CPEC project should launch an
this model has proved success- "Law and order situation has at national and international
ful in the world. improved, load shedding for level to attract more Foreign Entrepreneurship TV Channel
industry has come to zero level Direct Investment (FDI) in
She was addressing the while it has been reduced for Pakistan." to promote entrepreneurship
members of business commu- other consumers from 16 hours
nity at Islamabad Chamber of to 3 hours daily," she asserted. He said, "The ministry culture and attract youth
Commerce and Industry should set up a CPEC jobs por-
(ICCI) in Islamabad on She said, "Prime Minister tal in coordination with towards business field. This
Wednesday. Nawaz Sharif has inaugurated Planning Commission so that
340 MW Chashma-III nuclear youth could access one point way they could become job-
The Minister also said that, power plant at Mianwali which for finding out jobs in CPEC
"The business community was good news for business projects." creators instead of job-seek-
should partner with the gov- community and assured that
ernment in its efforts aimed at government would take more He said, "Businessmen and ers."
accelerating the pace of eco- initiatives for their better- investors have to approach
nomic growth." ment." various organizations for busi- He said that ICCI was plan-
ness related information and
She said, "The film industry She said, "The role of busi- the ministry in coordination ning to organize Handicraft
offered huge potential to pri- ness community in CSR activ- with relevant government
vate sector for investment and ities was laudable. She said organizations should set up a and Women Entrepreneurs
business ventures and busi- MoIB would consider starting Business Information Desk to
nessmen should exploit this programs on entrepreneurship provide all relevant business Exhibition in the second half
potential which will also help on PTV and Radio Pakistan." information at one point."
film industry to grow and of January and Marriyum
flourish.' She informed that, "Ministry He said, "Pakistan was expe-
of Information, Broadcasting riencing youth bulge and it was Aurangzeb should grace its
She said, "Businessmen were and National Heritage would
inaugural as Chief Guest,

which was accepted by the

State Minister.

Khalid Malik Senior Vice

ISLAMABAD: President Chamber of Commerce and Industries Malik Zafar Iqbal presenting a President, Tahir Ayub Vice
souvenir to Minister of State for Information, Broadcasting and National Heritage Ms.
Marriyum Aurangzeb, here on Wednesday. - APP photo by Irfan Mahmood President ICCI, Khalid Javed,

Mian Akram Farid, Mian

Shaukat Masud, Nasir

organize a seminar on China awareness about business and National Heritage wants to Qureshi, Khalid Chaudhry,
Pakistan Economic Corridor investment in this historic establish long term relation-
(CPEC) in January and busi- project." ship with ICCI on business Ms. Fatima Azeem, Ms.
ness community should take ventures of mutual interests,"
part in this event to get more "The Ministry of she said. Samina Fazil, Ms. Nasira Ali
Information, Broadcasting and
and others also spoke at the

occasion. - NNI

Thursday, December 29, 2016 NATIONAL 3

E-ticketing Experts decode SECP eliciting public
system likely black box,
to be launched comments on draft
in few months voice recorder
of ATR plane

LAHORE: The traffic ISLAMABAD: The Insurance Bill, 2016
police wardens are now
being replaced by main black box and voice
advanced CCTV cameras
in Lahore which will send recorder of a Pakistan
automatic challans over
violating traffic rules. International Airlines

Keeping in view the (PIA) plane that crashed ISLAMABAD: The insurance companies, Regime and to address the
increasing traffic, Punjab Securities and Exchange regulatory gaps in existing
government has complet- on December 7 near Commission of Pakistan insurance brokers, associ- law.
ed preparations for e-tick- (SECP) on Tuesday,
eting under Safe City Havelian in Abbottabad December 27, 2016 ations of insurance sur- The significant reforms
Project. approved the draft of the suggested include the
District with 47 people on proposed Insurance Bill, veyors, Pakistan Societies introduction of dedicated
The project had been in 2016 for eliciting public microinsurers, provisions
motion for a couple of board has been deci- comments for the purpose of Actuaries and the for regulation of takaful
months, pending Chief of stakeholder consulta- and retakaful, regulation
Minister Punjab Shahbaz phered by experts, offi- tion, says a Press release. Institute of Chartered of local and foreign rein-
Sharif's approval. It has surance business for
been given the go-ahead cials confirmed on Earlier, the Finance Accountants of Pakistan. enhancement of local
from official quarters Minister, Ishaq Dar, was capacity, regulation of
finally and expected to be Wednesday. briefed by SECP about to The roundtables were reinsurance brokers, flexi-
seen in action in the next the changes required in bility for introduction of
few months. ISLAMABAD: Managing Director Pakistan Bait-ul-Maal Barrister According to the same the insurance regulatory very well received, as new intermediaries, intro-
Abid Waheed and Ambassador of the Kingdom of the Netherlands Ms. framework. The Finance duction of concept of web
The system will monitor Jeannette Seppen talking with a thalassemia child under treatment at sources, the black box Minister had advised to almost 80 officials of the aggregators, insurance
any irregular behavior start nation-wide consul- repository, require insur-
including wrong U-turns, Pakistan Thalassemia Centre, here on Wednesday. - APP photo and voice recorder of tation with stakeholders aforementioned compa- ers to develop and offer
breaking the signal or on the proposed insurance certain insurance prod-
accidents. The photo of IIUI Lecture: Scholars ATR-42 aircraft has been regulatory framework. nies/institutions were ucts, provision for intro-
the incident and number urged to play role Accordingly, in October duction of industry wide
plate along with challan sent back to Pakistan 2016 the SECP held con- present and shared their guarantee fund to address
will be dispatched to the against radicalisation sultative roundtables in systemic risk, requirement
culprit through courier from France after the the cities of Karachi, views in respect of the of "appointed actuary"
service. Islamabad and Lahore and product filing for non-
experts did the decoding. with the insurance sector proposed framework both life insurance.
On the other hand, sen- stakeholders.
ior member at The completion of the during the roundtables This shift to the risk
Management Unit Salman The proposed reforms based supervision (RBS)
Sufi has directed the peo- decoding process would were shared with the and subsequently in the and risk based capital
ple to remove number stakeholders in the form (RBC) will improve
plate at the time of selling also facilitate teams prob- of a comprehensive con- form of written com- image of the insurance
their vehicles so that the cept paper. The roundta- industry of Pakistan inter-
buyer would get it regis- ing the deadly crash bles were attended by ments. nationally.
tered at his name.
including a special team The draft Bill aims to
The e-ticketing system
would further help in of the France-based tur- provide the conducive
decreasing crime rate in
the city. - NNI boprop aircraft manufac- regulatory environment to

Electricity, turer ATR, aircraft's encourage market devel-
gas shortage
irks residents engine manufacturers opment, strengthen the
of twin cities
Pratt and Whitney and the regulatory framework to

ISLAMABAD: A lecture extremism" said Masood tained. He continued that Safety and Investigation ensure alignment with the
on "radicalization, Ahmed. He added that problems of associating
extremism and preven- active role of media and extremism and radicaliza- Board (SIB) of the Civil Insurance Core Principles
tion" was held at Islamic scholars is neces- tion to Muslims will pre-
International Islamic sary to deal with the nega- vail unless they do not Aviation Authority (ICP) of the International
University, Islamabad tive propaganda spread identify and take signifi-
(IIUI) where keynote against Islam. He called cant steps in this regard. (CAA) with their individ- Association of Insurance
speaker called upon for meaningful dialogue
Muslim societies to with a range of people In his speech, IIUI ual investigations. Supervisors (IAIS),
improve literacy rate and especially in west regard- President said that Islam
urged for active role of ing causes and solutions is staunch supporter of A PK-661 flight carry- address entity specific and
Islamic scholars for dis- of radicalization and peace. He said that there is
semination of Islam's true extremism. no place for extremism ing 47 people including systemic risks by phased
image, says a Press and violence in Islam. He
release. He opined that Islam's was of the view that edu- famed singer-turned- shift towards Risk Based
view of peace must be cational institutions can
The lecture was deliv- reached to the people of play pivotal role in dis- preacher Junaid Jamshed Supervision (RBS) and
ered by Masood Ahmed, western world. He fur- couraging radicalization.
Director of Community thered that inadequate He added that Muslim issued a 'Mayday' call on Risk Based Capital (RBC)
Welfare and Development knowledge of religion, scholars should come for-
of Muslim Hands, while it ignorance of the prevail- ward to guide youth and December 7 before losing
was organized by Iqbal ing circumstances and they should urge young
International Institute for identity crisis are lading minds to decorate lives radar contact and crash- Asian Junior Throwball Championship begins in Malaysia
Research and Dialogue of factors which lead to with Islamic teachings.
the university. It was extremism and radicaliza- ing into a mountain, Pak girls lose to India,
presided over by President tion. "Linkage of acade- Earlier, Dr. Husn ul beat Malaysia 2-0
IIUI Dr. Ahmed Yousif mia and religious scholars Amin, in his welcome killing everyone on
Al-Draiweesh. can provide positive address, appraised that
results in fight against audience about the pro- board.
"Education is ultimate extremism" he main- gram and IRD's role in
solution to the menace of society service. Engine trouble was ini-

tially believed responsi-

ble, but many questions

remain, stirring new wor-

ries about the safety

record of PIA.

The aircraft appeared to

have suffered a failure in

one of its two turboprop

engines just before the

RAWALPINDI: Low gas crash, to be confirmed by

pressure and unscheduled the investigation. - NNI

electricity load shedding Bilawal invites
suggestions for
for long hours have irked Punjab rallies'

the lives of residents of Experience Pakistan

Rawalpindi and Islamabad

miserable.

Electricity outages for project to be launched

up to eighteen hours have schedule

adversely affected the MALAYSIA: The three- India, 4. Pakistan, 5. beat Malaysia, 2-0 Sets.
Bangladesh, and 6.
commercial activities in LAHORE: Chairman of day Asian Junior Throwball Indonesia. Dato Sri Mustapa Kamal
Pakistan People's Party
the twin cities. in US, says Jilani (PPP), Bilawal Bhutto Championship 2016 began Boys Match: Sri Lanka Bin Maulut, President
Zardari on Wednesday beat Malaysia, 2-0 Sets,
The residents of Dhok instructed senior members here at Bidara Court winning the opening Asian Throwball
of the party to recommend match.
Farman Ali, Dhok a schedule for rallies Selanyang Selangor, Federation was the Chief
across Punjab. Girls Matches: India beat
Khabba, Dhok Ilahi Bux, Malaysia on Tuesday. Six Pakistan, 2-0 Sets; Pakistan Guest at the opening cere-
Reportedly, in the first
Nadeem Colony, Arya WASHINGTON: The in the letter. sors and participants will phase of anti-government teams participating in the mony that was held in a
He said that Pakistan's be required to bear a reg- movement, PPP will lead
Muhalla, Chamnzar Pakistan Embassy in istration fee. In the first protest rallies in central championship are: 1. very colorful atmosphere in
potential to achieve opti- phase of the Project, 50 Punjab while in the later
Colony, Glass Factory, Washington has mal and sustainable participants will be divid- half, rallies will be con- Malaysia, 2. Sri Lanka, 3. Malaysia.
growth is hampered by ed into five groups and vened in other cities.
Sadiqabad, Muslim Town, announced to launch incorrect narratives and their visits would be
distorted image shaped sponsored through the Bilawal has begun to
Chah Sultan, Amarpura, Experience Pakistan proj- over time. The negative Embassy. deliberate over the move- Police arrests primeCulprits sold aftershave lotion as alcohol to TTS victims
external influences have ment with PPP's senior
Waris Khan, Dhok ect in the United States to had a direct impact on the All Participants must be members for its success.
nature and scalability of of Pakistan-origin, should
Hasssu, Pir Wadhai, Fauji engage Pakistani- available development fall in the age group of 18- Leadership of people's
channels. 26 years and must have fin- party has decided to
Colony, Dhok Mangtal, American youth as well ished at least high school approach different opposi-
It is, therefore, a priori- education by the time their tion parties to gain sup-
Afhan Colony, Gulistan as Pakistani professional ty of government of trip to Pakistan departs. port. Sources privy to the
Pakistan to ensure that the party have reported that
Colony, Tench Bhata, and community organiza- country's strengths and The participants would schedule and locations of suspect, accomplice
full potential are har- be required to offer their rallies in central Punjab
Dhok Chaudhrian, Saham, tions to realize the poten- nessed, he added. input on how we can would be finalised within
jointly improve coopera- coming few days.
Adiala Road, Misrial tial of overseas The project is initiated tion between Pakistan and
by the Ministry of the United States. They Meanwhile, Bilawal has
Road and surrounding Pakistanis. Planning and develop- would be asked to identify directed the members to
ment and reform, in light channels through which prepare for the coming
areas have complained Under the project, the of Pakistan Vision 2025. they can contribute for the General Elections in 2018
The "Know your roots" betterment of Pakistan. and organise the party.
about the gas shortage. Embassy of Pakistan project aims to proactive- Their inputs in the form of
ly engage the young ideas on how Pakistan's Earlier on Tuesday, co-
Talking to media, local would arrange group vis- Pakistani Diaspora all national policies on the chairman of PPP, Asif Ali TOBA TEK SINGH: tion's storehouse. (DPO) Toba Tek Singh
over the world, as well as issues of national impor- Zardari announced to con- on Wednesday revealed
residents of Rawalpindi its of Pakistani-American Pakistani professional tance could be improved test for seat in the incum- Police officers on Residents of the area that the suspects sold
and community organiza- would be welcomed. bent parliament from aftershave lotion as
Farrukh, Mohsin, Shakeel, youth to Pakistan at fre- tions. The project aims at Following the visit, they Nawabshah constituency. Wednesday arrested alleged that Sawan liquor that claimed lives
connecting the young would be expected to Announcement regarding of 35 people.
Anwar and others said that quent intervals. The par- Pakistani-Americans to project a better and posi- Bilawal Bhutto Zardari s prime suspect Sawan Masih, a sweeper at the
Pakistan. tive image of Pakistan by introduction to parliamen- Addressing a press
their lives were distressed ticipants of the pro- becoming brand ambassa- tary politics was also Masih and Adeel in poi- Chuttiana police sta- conference, DPO said
The Pakistani- dors of Pakistan. The made. that the deaths were
due to low gas pressure gramme would be provid- American youth would be groups under the Project sonous liquor case that tion, had sold the liquor caused by gulping after-
able to visit various cities would form an Alumni Bilawal is to contest for shave lotion not liquor.
coupled with electricity ed unique opportunities of of Pakistan and interact Network which the future a seat in the parliament claimed lives of 35 peo- to Sajjad Masih, a dis-
with senior government batches could be engaged from Larkana constituen- He also claimed to
load shedding. experiencing various representatives and other to further the mission. - cy. ple in Toba Tek Singh. trict police lines sanita- have launched raids for
important institutions. NNI the detention of the cul-
The helpless residents dimensions of rising and Bilawal's introduction According to details, tion worker. prits however, prime
The project will be to parliamentary politics suspect Sawan Masih
are compelled to cook modernizing Pakistan in financed through spon- and announcement of an security forces Ruling party's MNA among five others have
anti-government move- been arrested.
food and complete other its cultural and historical ment has come in after launched crackdown Khalid Javed Warraich
Asif Ali Zardari returned The police office also
chores at late hours from perspectives. from Dubai earlier this against the sale of toxic has called for stern presented detainees
month after 18-month before the media.
12 am to 4 am as the gas In a letter sent to mem- long self-imposed exile. liquor and detained key action against SHO
Earlier, Bishop Joseph
pressure increases during bers of Pakistani diaspora PPP had demanded the suspect. Younas Gujjar. Arshad said he had been
federal government to informed that the liquor
this time. - NNI in the US, Ambassador meet its four demands to On the other hand, Meanwhile, emer- was brought from the
avoid protests and rallies Chuttiana police sta-
APHC warns Jalil Abbas Jilani asked however, a formal initial investigation gency is still imposed in tion's storehouse. - NNI
Kashmiris to announcement was made
remain cautious the community to join the by chairman of the politi- report submitted to the District Headquarters
cal organisation on
programme and encour- Tuesday after the deadline Chief Minister states Hospital as death toll
expired. -NNI
aged the young Pakistani that police confiscated continues to mount. So

American to avail them- alcohol two months ago far, toxic liquor has

selves of this unique and allegedly sold it to consumed 35 lives.

SRINAGAR: In occu- opportunity to visit and culprits on Christmas DHQ MS Mohammad

pied Kashmir, the All experience Pakistan for eve. Bishop Joseph Asif Saleemi told that a

Parties Hurriyet themselves. Arshad said he had been total of 149 people were

Conference (APHC) on This will be a major informed that the liquor affected.

Wednesday urged the public diplomacy initia- was brought from the Meanwhile, the

Kashmiri people to tive, aimed specifically to Chuttiana police sta- District Police Office

remain cautious about engage with Pakistani-

deceitful politics of the American youth, he wrote Farmers worry as delay in

puppet rulers.

The APHC in a state-

ment issued in Srinagar rain hits wheat crop hard

said, the Kashmiris to take

notice of the atrocities

being perpetrated under

the garb of "Battle of LAHORE: Farmers in Khan, Toba Tek Singh, their strength.
Punjab have landed in a Pakpattan's landowner
Ideas" and said that thou- worrisome state after no Sahiwal, Rajanpur,
signs of rain occurred till says that if such condi-
sands of ailing, elderly and date. Pakpattan and Bhakkar tions persist then there is a
possibility that 400kg per
teenagers were languish- Farmers have said that has intensified the troubles acre less wheat will be
any delay in rain will have produced.
ing in detention centers. the worst impact on the of the farmers as the crops
wheat yield in the rain-fed Punjab is known for pro-
Meanwhile, the APHC areas. Meteorological have begun to destroy. ducing wheat but if the
department has forecasted year goes away without
Chairman, Syed Ali no possibility of rain in the Closure of canal water any rain then the crops
next week. will be destroyed and
Gilani, in an interview has maximized the fears of farmers will suffer a great
No rain in Rahim Yar loss. - NNI
said that there was no dif- farmers as they have no

ference between National idea how to deal with the

Conference and Peoples drought-like situation.

Democratic Party as both ISLAMABAD: Ambassador of France Mrs. Martine Dorance in a Water from tube well is
meeting with Federal Minister for Petroleum and Natural Resources,
the parties were collabora- their last hope but its
Shahid Khaqan Abbasi, here on Wednesday. - APP photo
tors of India. - NNI expenditure is beyond

4 Thursday, December 29, 2016

The Financial Daily International Bibi goes ballistic

Editor-in-Chief: Azfar Ashary Mahir Ali notably in seeing Iran as the main region- The envoy's days are anyhow num- lofty declarations against the settlements,
Editor: Shakil H Jafri al threat and not giving a damn about bered. President-elect Donald Trump calling the Israeli-Palestinian peace an
One of the all too few redeeming Palestinian rights or aspirations. intends to replace him with David 'American interest'. But beyond partial
Executive Editor: Manzar Naqvi features of the exceptionally Friedman, a financial contributor to steps that achieved nothing and pointless
Resident Editor (Islamabad): Munawar Naqvi dismal year now passing into The passage of Resolution 2334, with Israeli settlements in occupied territories speeches, he didn't even once use his
history has been Benjamin Netanyahu's 14 votes in favour and one crucial absten- who stands several paces to the right of presidential clout to realise the two-state
Editor-at-Large: Muhammad Arif relentless tantrum over a United Nations tion, has meanwhile afforded a new lease Netanyahu, and who has been unstinting solution."
Security Council resolution. of life to the beleaguered Palestinian in directing his bile at American Jews
Honorary Advisory Board All that he wanted at this gift-giving Authority president Mahmoud Abbas, a who do not blindly back the Zionist proj- It is fairly obvious that the settlements,
time of year was a wretched veto, which steadily mounting number of whose con- ect. Trump has, at the same time, indicat- which have expanded exponentially since
Tariq Iqbal Khan, FCA Amir Abbas Ashary has been the norm for close to 40 years. stituents have lately favoured a change at ed that he is keen to impose an Israeli- the US last backed a Security Council res-
Haseeb Khan, FCA Nuzaira Azam (U.S.A) But this time Uncle Sam unexpectedly the helm. Palestinian agreement. But then, the olution condemning their illegality - back
Prof. Zakaria Sajid (KU) said no, providing the cue for an almighty man's delusions know no bounds. in 1980, when the president was Jimmy
Asim Abbas Ashary, CPA gnashing of teeth and stamping of feet, Israel has long behaved like a spoilt Carter, who last week called on the
with tears and swears and indignant blobs child. After being approached by the Israeli Obama administration to formally recog-
Dr. A. Hadi Shahid, FCA Hasan Raza Jaffary of snot flying in every direction. lobby, he strove assiduously to prevent an nise the Palestinian state - have pretty
The reaction should not have surprised Now he is suddenly garnering gratitude American abstention in the Security much thwarted any prospect of a two-
S. Muneer Hussain Rizvi Ismat Sabir anyone. After all, Israel has long behaved and praise from his militant rivals, after Council. Having failed, he declared via state solution. The only alternatives are a
like a spoilt child, and its favourite uncle the Palestinian delegation to the UN con- his favoured policy-pronouncing plat- meaningful multinational democracy, or
Head office has invariably been excessively indul- tinued lobbying hard for a resolution even form, Twitter, that things would be differ- an apartheid state whose contours are
gent. Lethal toys have flowed its way for after a key sponsor, Abdel Fattah el-Sisi's ent from Jan 20. already well established.
111-C, Jami Commercial Street 11, Phase VII, DHA Karachi decades, and more than half the vetoes the Egypt, got cold feet last Thursday, follow-
Telephone: 92-21-35311893-6 Fax: 92-21-35388428 US has deployed in the Security Council ing entreaties (and possibly threats) from That's inevitable, and it ought to be a Can the UN resolution, which the US
URL: www.thefinancialdaily.com since the UN's inception were aimed at Israel. Four other Security Council mem- monumental worry. This does not mean, could not muster the courage to vote for,
Email Address: [email protected] deflecting international criticism of its bers from different continents were per- however, that Obama's depressing record make a difference? Will it make Israel
delinquent nephew. suaded to step up to the mark. on the Israeli-Palestinian issue should be more culpable in the eyes of the
Lahore office Notwithstanding the personal tensions glossed over on account of a partially International Criminal Court at The
between Netanyahu and Barack Obama, Israel has consequently called back its welcome but largely meaningless gesture Hague? Will the overwhelming majority
24- Peshawar Block, Fortress Stadium, Lahore unprecedented military assistance has ambassadors to New Zealand and Senegal from a lame-duck administration. As Aluf of the world's nations that recognise the
Telephone: 92-42-6675595 Fax: 92-42-6664349 flowed to Israel under the latter's admin- (it doesn't have diplomatic relations with Benn, the editor-in-chief of the settlements as illegal proceed to the kind
Email Address: [email protected] istration - just as it has, mind you, to Malaysia and Venezuela), and cut off aid redoubtable Israeli newspaper Haaretz, of sanctions that signalled the demise of
Saudi Arabia. But then, lately the two to the latter. What's more, the ambassa- pointed out last Saturday, "Obama is wor- South African apartheid?
Regulatory nations have been increasingly less reluc- dors of all the Security Council member thy of honorary membership in the Yesha
tant to acknowledge that they are effec- states represented in Tel Aviv were sum- Council, the Israeli settlements' umbrella Don't hold your breath. But relish the
bodies tively on the same page in many ways, moned to the foreign ministry for a organisation, as well as the Likud central spectacle of an unnerved Netanyahu's
Christmas Day dressing-down, except for committee… histrionics. -Courtesy: Dawn
Prime Minister Nawaz Sharif took a major policy decision the US envoy, who had earned the privi-
and transferred the administrative control of five key regu- lege of a personal diatribe from "Obama assumed the presidency with [email protected]
latory bodies to the respective ministries. The National Netanyahu.
Electric Power Regulatory Authority (Nepra) had been
given under the control of the Water and Power division, Blood and benefits – Duterte imposes
Oil and Gas Regulatory Authority (Ogra) under the
Petroleum and Natural Resources division, Pakistan his formula on Philippines
Telecommunication Authority (PTA) and Frequency
Allocation Board (FAB) under the Information Technology Manuel Mogato, Karen Lema, David mayor, most victims were drug users, petty budget of 8.3 billion pesos ($167 million) issue peremptory corrective orders. It
and Telecom division and the Public Procurement Lague & Neil Jerome Morales criminals and street children. Most were for 2017 to provide free tuition at all state became a must for city officials, including
Regulatory Authority (PPRA) under the Finance Division. either shot or stabbed to death in vigilante- colleges and universities. He sent his health the local police, to listen and watch his
These regulatory bodies were given under the cabinet divi- Rodrigo Duterte has kept his word. style killings, CASE said. minister to Cuba in August to study its Sunday program: They would not want to
sion by various governments in the past to ensure that they national health system. And in recent miss his on-the-spot instructions, usually
enjoyed independence in decision-making instead of being "Forget the laws on human rights," he In a 2009 report, the international advoca- speeches, Duterte said he had released 2 bil- delivered with curses and rebukes.
subservient to the ministries for routine administrative declared in May at his final presidential cy group Human Rights Watch (HRW) iden- lion pesos from the regulatory agency that
issues like approval of leave, visits abroad and appoint- campaign rally in Manila. "If I make it to the tified a consistent failure by police to seri- operates most of the country's casinos. This Everywhere in the city there is evidence
ments. The prime minister was advised that he had the pow- presidential palace, I will do just as I did as ously investigate these killings. Police in would be split evenly between drug rehabil- of the personality cult he fostered. At one of
ers under the rules of business to take decisions on the mayor. You drug pushers, hold-up men and Davao, helped by neighborhood leaders, itation and subsidies for poor families the more popular restaurants, Marina Tuna,
issues relating to "allocation of business/charge or respon- do-nothings, you better go out. Because, I'd drew up lists that were used by death squads unable to afford prescription drugs. which specializes in the fish for which the
sibilities" of the federal ministries under Rule 3(3) of the kill you." to target their victims, HRW alleged. The city is known, a Duterte cut-out greets
Rules of Business, 1973 while matters relating to "transac- rights group also reported that acting and Duterte inherited a strong economy. To guests on the entry stair. The markets are
tions" of the federal government could be decided by the More than seven months after winning the retired police officers worked as "handlers" boost growth further he pledges to bolster full of Duterte memorabilia and T-shirts.
cabinet, the CCI or parliament, as the case might be. presidency, Duterte is rolling out on a for death-squad gunmen in Davao, giving infrastructure spending and lift caps on for-
national scale the model of government he them names and photos of targets, an allega- eign ownership. He has also vowed to With echoes of Maoist China, a national
Many are of the opinion that the government is moving to honed over 22 years and seven terms as tion denied by Davao police. increase competition in markets dominated "learn from Davao" movement is under
capture the regulators and influence the decisions they mayor of this city on the southern island of by monopolies and duopolies, signaling a way. Delegations of visitors from around
make. Take the example of Nepra, one of the five regula- Mindanao. Just as in Davao, blood is now Duterte denies playing any part in the willingness to take on the business elite. the country fly in to study the city's blue-
tors. This is the statutory body that determines which ele- flowing in the capital Manila and surround- activities of the so-called death squads in print for order, growth and development,
ments of their costs can be considered expendituture and ing areas as the police and vigilantes, Davao. Still, there are signs it might be difficult to local officials say. Overwhelmed with up to
which can be passed on to power consumers. A separate inspired by the president, conduct a wave of impose his vision on a far-flung nation 22 groups visiting a day, a U.S.-style 911
statutory body, empowered to make its decisions killings. The president has faced probes into the where checks and balances on executive emergency response center built by Duterte
autonomously through proper transparency safeguards, is killings in Davao and since he took office in power are well established. was forced to restrict access, according to
required to wield such powers. Nepra opposed the profound A Davao-based human rights group, the July, and none has proven he was responsi- operators at the center.
amendments in the Nepra Act, 1997. It argued that any such Coalition Against Summary Execution ble, a spokesman for Duterte said in The management of the Energy
attempt would destroy the autonomy of the regulator and (CASE), has compiled figures showing that response to questions from Reuters. The Regulatory Commission is still in office. Poverty levels in the Davao region, which
reduce its role. These amendments included (a) power of death squads in the city were responsible for president's critics "keep on picking on alle- They refuse to resign, instead calling for an includes the city, are down, and in 2014 the
the federal government to issue binding directives to Nepra, at least 1,400 documented killings between gations of human rights violations," he said. impartial inquiry into the suicide. The com- region grew 9.3 percent - a statistic Duterte
(b) reducing its enforcement power with respect to govern- 1998 and 2015. Scaled up, Duterte's war on "If anyone is eroding democracy, it must be mission is a quasi-judicial body established often cites when he boasts of his hometown.
ment-owned companies, (c) depriving Nepra of its adminis- drugs is now well under way across the the rabid opponents who up to now cannot by law, so legislation would be required for He usually follows this with a reminder that
trative and operational autonomy, (d) reconstitution of the nation, and the body count is setting records. accept defeat and respect the results of elec- Duterte to scrap it. it is safe to walk the streets at night. This
authority by doing away with provincial representation, (e) tions." security, he says, created the conditions for
determination of tariff components vs determination of tar- Police have killed more than 2,000 people Back home in Davao, bureaucrats rarely investment and growth.
iff, (f) doing away with the licensing regime and (g) intro- since he was inaugurated on June 30, and SHOCK AND DISAPPROVAL defied a mayor known as "the Punisher."
duction of Appellate Tribunal, etc. Nepra has also com- are investigating about 3,000 more deaths. But a similar pattern of violence is re- Duterte's power remains grounded in this The city hosts a thriving business process
plained that draft amendments as proposed before the CCI Human rights monitors believe many of emerging nationally. In October, Reuters city, where his word virtually became law. outsourcing industry providing call centers,
were not even shared with it although it had a long experi- these were carried out by vigilantes with revealed the key role that neighborhood His daughter, Sara Duterte-Carpio, is now telemarketing and online language tutoring
ence in the field. The present amendments had been pre- official sanction, a charge the government "captains" across the nation are playing in mayor. His son, Paolo, is vice-mayor. for local and foreign companies. Local out-
sented to the CCI in undue haste for approval in the absence denies. the drugs war. Many of the victims killed by sourcing-business owners give Duterte
of a process of meaningful stakeholder consultation. The law enforcement officers or vigilantes Even after moving in to Malacanang, the credit for providing the environment for
views expressed by Nepra is required to be analyzed thor- In Davao, Duterte built a personality cult appeared on police "watch lists" that these presidential palace in Manila, Duterte and growth. They say the city is safe for their
oughly by all the respected stakeholders, particularly the around his crackdown on crime. Part Mao, low-level officials are helping to compile. A his entourage fly to Davao every week. "We mostly young employees to commute to
related ministries of the government in order to maintain the part Castro, part gun-toting Filipino war- later Reuters investigation amassed evi- are now the Malacanang of the south," says work at all hours.
level of autonomy of Nepra. lord, the avowedly socialist mayor ruled his dence that suggested officers were summar- Davao businesswoman and Duterte support-
city as a lethal enemy of wrongdoers and a ily gunning down drug suspects and per- er Belinda Laya-Torres. "He feels at home "We need parents to be comfortable that
Sindh Chief Minister Syed Murad Ali Shah condemned champion of the poor. His salute was a forming perfunctory crime-scene investiga- here." young people can go out at 10 p.m. and
the government's decision to give the administrative control clenched fist - a symbol now emblazoned on tions and autopsies. come home early in the morning," says
of five autonomous regulatory bodies to related ministries. souvenir mugs and other Duterte memora- "When will these killings stop?" said VIGILANTE-STYLE KILLINGS Michael Bian, chief executive officer of a
He said that the power of placing regulatory authorities bilia. Congressman Gary Alejano, a former mili- Duterte became mayor in 1988, two years growing outsourced service provider, Six
under ministries concerned lies with the Council of tary officer and strong critic of Duterte's after the fall of President Ferdinand Marcos. Eleven Global Teleservices.
Common Interest (CCI) but surprisingly the prime minister But there is another ingredient in Duterte's methods. "The purpose of the war on drugs The coastal city was at the center of a com-
took this decision, ignoring an input from the provincial appeal that makes him a more complex is to stifle opposition and castrate dissent. It munist insurgency that had erupted against Davao business people and officials also
governments. The government's decision to transfer admin- leader, and a potentially more potent one, is working." the Marcos regime. New People's Army credit Duterte with having the confidence to
istrative control of the regulatory bodies from the cabinet than is appreciated abroad: The people of A growing chorus of shock and disap- rebels were using the city as a testing delegate to experts. He has adopted the
division to the parent ministries is unconstitutional and will Davao say he gets things done. Residents proval has included warnings from senators ground for urban guerrilla warfare; assassi- same approach as president, business lead-
have a negative impact on the end consumers and business laud his handling of city services. that there are grounds for impeachment over nations, bombings and disappearances were ers say, appointing experienced economic
environment in the country. Legal and regulatory experts, Businesses praise his pro-growth policy. A what Duterte's critics say are extrajudicial common. In a vicious war of attrition, the managers.
economists, provincial government officials and political top official at the American Chamber of killings. But the president is pressing ahead. rebels targeted police, the military and local
parties have expressed serious reservations over the govern- Commerce in the Philippines applauds his Right now, an impeachment motion seems officials, while the authorities hit back at "He has surrounded himself with a very
ment's decision of transferring administrative control of the team of economic advisers. unlikely. Duterte's supporters control both suspected communist sympathizers. good team. They are doers," says Ebb
regulatory bodies to the parent ministries/divisions. The houses of Congress, and his popularity Some locals say when Duterte came to Hinchliffe, executive director of the
decision of transferring the administrative control of the Samuel R. Matunog, a Davao lawyer, remains high. An opinion poll published by power, he proved to be more effective in the American Chamber of Commerce in the
regulatory bodies, particularly NEPRA and OGRA, from businessman and human rights worker, the Social Weather Stations research agency use of violence than the rebels or criminals. Philippines. "Thank God, he leaves them
the cabinet division to their parent's ministries/division is strongly rejects Duterte's support for vio- in December showed 77 percent of Filipinos In its 2009 report, Human Rights Watch dis- alone."
against the article 54 of the Constitution. The 18th lence and killing. But he acknowledges were satisfied with Duterte's performance. cerned a pattern in the vigilante-style
Constitutional Amendment Act, Article 154 (1) clearly stat- there are elements of his administration It was his promise to spread his city's anti- killings during his rule. SECURITY THREAT
ed the Functions and Rules of Procedure of the CCI. "The worthy of support. "There are so many corruption and law-and-order policies "The assailants usually arrive in twos or Local business leaders and officials
Council shall formulate and regulate the policies in relation things that he does that I like," he says. across the country, political analysts here threes on a motorcycle without a license acknowledge that the city of Davao still has
to the matters in Part II of the Federal Legislative List and "Most important to him is the basic welfare say, that endeared him to millions of plate," the monitoring group wrote. "They a long way to go.
shall exercise the supervision and control over the related of working people." Filipino voters. He tapped into disgust with wear baseball caps and buttoned shirts or Apart from a few gleaming modern malls,
institutions. Oil & Gas and Electricity are under Section 2& the nation's political elite and the failure of jackets, apparently to conceal their weapons most of the commercial areas and residen-
4 of the Part II of the Federal Legislative List therefore, With the national levers of power in his successive governments to tackle poverty underneath. They shoot or, increasingly, tial neighborhoods are full of ramshackle
OGRA and NEPRA need to be under the supervision and grasp, Duterte is trying to apply to the and inequality despite years of robust eco- stab their victim without warning...as quick- buildings packed along narrow, bumpy
control of CCI, the official said. The government cannot Philippines, a nation of 101 million people, nomic growth, they say. ly as they arrive, they ride off - but almost roads. Tin shacks on stilts line fetid water-
make any amendments to the Rule of Business in violation the same recipe of fear and populism that he The 71-year-old former prosecutor revels always before the police appear." ways. Public transport is limited and the
of the constitution. The expert said the transfer of adminis- employed in his efforts to tame Davao, a in reminding his countrymen that he is a Alongside the crime crackdown, Duterte drainage system is widely acknowledged to
trative control will force the regulatory bodies to follow the city of 1.6 million. man to be feared. As mayor, Duterte built support with his man-of-the-people be inadequate, according to local business
policy guidelines of the government and will be compelled declared on December 16, he even shot persona. He is perceived as frugal and plain- people and international development agen-
to implement the government decision. 'A BIGGER DAVAO CITY' three criminals himself during a police oper- living. The home where he still lives when cies.
To advance the drug war, his political ation. "I said I killed about three of them," in Davao is an unassuming two-story prop- Public security inside the city limits is
Disclaimer: allies have introduced legislation to bring he said. "I didn't really know how many bul- erty behind a green metal gate. He eats at dramatically improved compared with the
back the death penalty - and to lower the age lets from my gun went through inside their unpretentious restaurants and is fond of the 1980s. But Davao still ranks first among 15
All reports and recommendations have been prepared for your information only. at which people can be prosecuted for bodies." strong-smelling fruit durian. Philippine cities for murder and second for
Summary and Analysis are not recommendation to buy or sell. This information should crimes to just 9. Meanwhile, he is promising In Congress, his allies are determined to As mayor, he also slashed red tape. rape, according to police crime data from
only be used by investors who are aware of the risk inherent in securities trading. The a raft of measures certain to please wage push through the bill that would lower the Applications for most permits and approvals 2010 to 2015. And a dire security climate
facts, information, data, indicators and charts presented have been obtained from sources earners and the poor - including free tuition age of criminality from 15 to 9. The legisla- must be decided within three days, local across most of the rest of Mindanao, where
believed to be reliable, but their accuracy and completeness cannot be guaranteed. The at state universities and colleges, and free tion is necessary, they say, because young officials say. In the city tax office, fans rat- separatist and terrorist groups remain
Financial Daily International and its employees are not responsible for any loss arising irrigation for rice farmers. He also wants to children are involved in the drug trade. tle in the brightly lit public areas where active, poses a serious threat to efforts for
from use of these reports and recommendations. replicate features of the Cuban health sys- It wouldn't be the first time children have many of the service windows are open further development.
tem. been caught in a Duterte crackdown. In through the lunch hour. The schedule is A bomb detonated in a crowded night
The task of managing the more than $300 Davao, CASE said it documented 132 inci- meant to minimize waiting time. Duterte market in Davao on September 2, killing 15
billion national economy dwarfs any chal- dents of children aged 17 and younger who says he hates seeing citizens queuing. people and injuring dozens. Authorities say
lenge Duterte faced in Davao, to be sure. it says died in vigilante-style killings Rules and regulations were strictly the suspects arrested for the bombing
While his war on drugs is well advanced, his between 1998 and 2015. enforced. Firecrackers, dangerous but very belonged to a radical faction of a Muslim
promised economic reforms have barely CHECKS AND BALANCES popular in the Philippines, are outlawed, a rebel group.
started. As president, Duterte has continued to tar- policy Duterte promises to enforce nation- In an interview with Reuters during the
"He wants to make the Philippines a big- get official corruption. While at an econom- wide next year. Smoking in public is election campaign, Duterte explained his
ger Davao City," Jesus Dureza, one of ic summit in Peru in November, he issued an banned. Jaywalkers face $4 fines and orders vision for how law and order are essential
Duterte's closest advisers, said in an inter- order: Launch an immediate investigation to perform community service. Bars and to prosperity.
view on the president's plan to boost the into the Energy Regulatory Commission. He restaurants must stop serving alcohol at 1 He arrived in his trademark jeans, open-
economy by eliminating crime and drugs. had just been briefed on the suicide of a top a.m. There is a 10 p.m. curfew on unaccom- necked shirt and shoes without socks.
"But the work is much tougher as corruption commission official, who was allegedly panied minors. Unlike many politicians, he didn't ask for
and crime are well-entrenched in Manila, at under pressure to authorize improper deals. Despite the strictness of these restrictions, questions in advance. When he wasn't able
the national level." On the spot, Duterte demanded the whole- Duterte is no prude. Prostitution is tolerated to answer queries about taxes or the budget,
As president, Duterte is continuing his sale resignations of the commission's senior with registered sex workers required to he said so. He took no offence when asked
take-no-prisoners approach. management. undergo regular health checks, according to about reports of his rumored romances: The
In Davao, he shamed civil servants on a "I am telling you, I am just a small town a city official. The authorities check to government's "bible" is the constitution, he
weekly radio and television program. In province boy, I really don't like corruption," ensure they are not working under coercion said, and it says nothing about womanizing.
Manila, he has publicly humiliated his most Duterte told reporters in Lima. If the com- or threat. And the city holds a Christmas Enhanced security, he said, was the
outspoken critic, a senator who led an inves- missioners refuse to quit, the president "will party for sex workers, the official said. only way to build a stable economy.
tigation into extrajudicial killings and now ask Congress to abolish their positions," a PERSONALITY CULT When asked why people should vote for
faces criminal charges. And he recently Duterte spokesman told Reuters. The mayor enhanced his image with a him, he pointed to his achievements in
demanded the immediate resignation of the He has also brought his populist econom- weekly radio-and-television talk show, Davao as "exhibit A."
heads of the country's top energy regulatory ics to the capital. Congress has approved a "Gikan sa Masa, Para sa Masa" - From the "It's not for the faint-hearted," he said. "If
body after reports of corruption at the Masses, For the Masses. Here, Duterte you are a president and you are afraid of
agency. would take complaints from residents and criminals, or you are afraid to kill criminals,
In his crackdown on drugs and crime as then you have no business being a presi-
dent." -Courtesy: Reuters

Thursday, December 29, 2016 5

Gold prices extend gains ICE cotton Sri Lankan rupee
in technical rebound inches down ends steady after
in subdued
early fall
trading

BENGALURU: Gold

prices rose on Wednesday, ICE cotton futures edged

extending gains after it hit lower for the second COLOMBO: The Sri Rupee forwards were wards and the spot rupee
Lankan rupee ended active, with one-week were hardly traded, deal-
a near two-week high in straight session on steady on Tuesday after forwards closing at ers said.
earlier falling on thin 149.70/150.00 after
the previous session, on a Tuesday in limited holi- importer dollar demand, falling to 150.00/20 per Some dealers said they
dealers said, even as the dollar earlier in the ses- expect the central bank to
technically-driven rebound day trading, amid a steady allow market forces to

in thin volume amid a dollar.

slightly weaker dollar. "The market is calm

Spot gold was up half a with minimal activity due

percent at $1,143.98 an to the holidays," said market looked for cues sion. It closed at determine the rupee's

ounce by 0636 GMT. Gold Rogers Varner, president after the central bank 149.75/90 on Friday. direction next year, while

hit its strongest since Dec. of Varner Brokerage in said currency deprecia- The markets were others said the bank

14 on Tuesday at Cleveland, Mississippi. tion was not necessarily closed for a special bank would have to let the cur-
negative for the econo- holiday on Monday in rency depreciate or raise
$1,148.98. Speculators dialed back my. lieu of Christmas holiday key policy rates at a
on Sunday. "The market monetary board meeting
US gold futures also rose their bullish cotton stance The central bank said expects the rupee to be this week.
in a note on Friday that lower than 150 in the
0.5 percent at $1,144.50 "it is important to under- new year and depreciate The central bank
stand that depreciation of increased the spot refer-
per ounce. for the first time in five

"Currently we do not see weeks, reducing it by

many strong fundamental 9,635 lots to 94,010 lots in

reasons to push gold prices the week to Dec. 20, U.S. the rupee has not only gradually if the central ence rate by 30 cents to

further down. However, the world's largest gold- US consumer confidence cies, was down 0.1 percent Commodity Futures negative implications, bank allows greater flex- 149.10 after the U.S
backed exchange-traded shot to its highest in more at 102.90.
after the Fed conference in fund, fell 0.14 percent to than 15 years in December Trading but also positive implica- ibility," said a currency Federal Reserve raised
823.36 tonnes on Tuesday. as Americans saw more "We don't think much
December, there should be Holdings are down about strength ahead in business will be going on in the Commission data tions on the Sri Lankan dealer asking not to be interest rates by 25 basis
13 percent since the US conditions, stock prices markets for the balance of
some technical rebound in presidential elections. and the job market follow- the week. Sharp moves in showed on Friday. economy". named. Spot-next for- points earlier this month.
ing the election of Donald either direction must be
gold prices," said Jiang "Currently there are very Trump as president in weighed against the fact March cotton contract
strong expectations of November. that liquidity remains fairly
Shu, chief analyst, more rate hikes next year," light," INTL FCStone ana- on ICE Futures U.S. set- Wheat, corn to
said Shu, adding that The upbeat data helped lyst Edward Meir said in a
Shandong Gold Group. declining gold prices have underscore expectations note. tled down 0.13 cent, or
had a negative impact on that the US central bank
"Since there are a few the bullish sentiment in would raise interest rates at Silver was down 0.3 per- 0.19 percent, at 69.74
physical gold prices. a faster pace next year, cent at $15.90 an ounce.
trading days left until the which lowers demand for The metal rose nearly 1.5 cents per lb. It traded 1 week highs on bargain
The Federal Reserve non-yielding assets such as percent on Tuesday.
end of this year we think raised US interest rates bullion, while boosting the within a range of 69.52
earlier this month for the dollar, in which it is priced. Platinum was up 0.5
that the rebound will not be first time in a year and sig- percent at $904.70 and and 70.24 cents a lb.
nalled three more increases The dollar index, which palladium rose 0.5 per-
very strong." next year from the previ- measures the greenback cent at $674.47, after ris- Total futures market
ous projection of two. against a basket of curren- ing over 2 percent in the
Spot gold may bounce to previous session. volume rose by 1,263 to buying, soy also firm

$1,210 per ounce before 11,037 lots. Data showed

falling towards its Dec. 15 total open interest gained

low of $1,122.35 in the 180 to 245,056 contracts

next three months, accord- CHICAGO: US wheat es that were posted last to reach USDA's target
and corn futures climbed week," Karl Setzer, ana- by Aug. 31," INTL
ing to Reuters technical in the previous session. to one-week highs on lyst with the MaxYield FCStone chief commodi-
Tuesday and soybeans Cooperative in West ties economist Arlan
analyst Wang Tao. The dollar index was up also firmed on bargain- Bend, Iowa, said in a Suderman said in a note.
buying and short-cover- note to clients.
Reflecting bearish 0.03 percent. The ing after last week's Export inspections data
declines, analysts said. Large speculators for wheat topped trade
investor sentiment, assets Thomson Reuters expanded their large net expectations and corn
As of 12:05 p.m. CST short positions in CBOT inspections were at the
in the SPDR Gold Trust, CoreCommodity CRB (1805 GMT), Chicago wheat and corn futures in high end of expectations.
Board of Trade March the week to Dec. 20, US
Won and Taiwan dollar Index, which tracks 19 wheat futures were up 16 Commodity Futures Traders continue to
cents, about 4 percent, at Trading Commission monitor crop conditions
commodities, was up 1.17 $4.09-1/2 per bushel, data showed, leaving in South America. Heavy
after reaching $4.11, the those markets vulnerable rains that pelted parts of
percent. contract's highest since to bouts of short-cover- Argentina over the week-
Dec. 19. ing. end did not reach the
touch fresh multi-month lows Soymeal up southeastern part of the
on South March corn was up 7 Strong weekly export bread-basket province of
SINGAPORE: The South raised interest rates for the strategist for Brown cies have declined broadly American cents at $3.52-3/4 a inspections data lent sup- Buenos Aires, where dry-
Korean won and Taiwan first time in a year, and sig- Brothers Harriman in since early November as weather bushel and most-active port. The US Department ness is threatening to
dollar set fresh multi- nalled three more hikes in Tokyo. US bond yields jumped on woes March soybeans were up of Agriculture said 1.7 dent soybean production,
month lows on Wednesday, 2017. expectations that Donald 18-1/4 cents at $10.15- million tonnes of US local farm weather
after strong US economic "It is hard to buy back Trump's proposals for ROTTERDAM: 3/4 a bushel. soybeans were inspected experts said on Monday.
data reinforced expecta- While the moves in Asian Asian currencies, given infrastructure spending and for export in the latest
tions that the Federal currencies on Wednesday that their economies aren't tax cuts will boost econom- Soymeal on the European "Sharp advances are week, toward the high Argentina aims to
Reserve would be more were small, they were trad- doing that great, and also ic growth and inflation. being posted in the mar- end of trade expecta- increase farm production
hawkish in 2017. ing at levels that under- taking into account how US meals and feeds market kets today as month-, tions. under President Mauricio
scored their weak tone. yields have risen," he said. Such rises in US bond quarter- and year-end Macri, who has imple-
The won touched a 9-1/2 yields increase the dollar's was offered higher on short covering develops. "Shipments to date (for mented a slew of market-
month low of 1,208.5 per The Singapore dollar US economic indicators appeal and reduce the Much of this is a simple soybeans) now exceed friendly reforms since
US dollar as of 0447 GMT. edged up 0.1 percent to released on Tuesday helped attractiveness of investing Tuesday following correction from the loss- the seasonal pace needed taking office a year ago.
The Taiwan dollar set a 5- 1.4491 per US dollar, hav- to underpin the greenback. in emerging market assets.
1/2 month low of 32.318. ing set a 7-year low of US consumer confidence strength in CBOT
1.4519 on Tuesday. rose to the highest in more THAI BAHT
Both the won and the than 15 years in December, The baht eased 0.1 per- soymeal futures on the
Taiwan dollar have come There are limited reasons while home prices contin- cent to 36.02. Dollar-sell-
under renewed pressure for now to pare back bear- ued their steady recovery in ing interest from local back of concerns over
against the greenback after ish bets against emerging October. exporters, however, helped
the Fed earlier this month Asian currencies, said to temper its decline. weather in South
Masashi Murata, currency Emerging Asian curren-
American soybean grow-

ing areas. European vegoils-Palm

Iran rial hits fresh record low "Prices were mostly

window dressing in a very

quiet market as many

players were absent," one oil up with futures on

TOKYO: The dollar inched data, which saw core con- on the back of the Trump to inflation and a stronger broker said, adding they
up against the yen and euro sumer prices mark the ninth rally, during which it bene- currency. But a higher dol-
on Tuesday as some straight month of annual fited from expectations of lar would be a significant hadn't seen a single bid.
investors emerged out of the declines in November. higher interest rates to setback to the U.S. econo-
holiday lull to hunt for bar- match the incoming presi- my seemingly in the ending South American export optimism
gains as the market entered Movements were limited dent's stimulatory economic stages of an expansion,"
the last trading stretch of the with financial markets in policies. wrote Makoto Noji, senior soymeal was offered
year. Sydney, Hong Kong and strategist at SMBC Nikko
London still closed on But the dollar, which Securities. between flat and $4 a
The euro slipped 0.2 per- Tuesday for the Christmas surged more than 10 percent
cent to $1.0435 after climb- holidays. against the yen since "Therefore, the Trump tonne up from Friday
ing overnight to $1.0469. Trump's U.S. election win administration and the
"There isn't much in the in November, has recently Federal Reserve would have before the Christmas ROTTERDAM: Palm and 84 ringgit per tonne gain buying sparked by a
The dollar was up 0.3 per- form of fresh incentives lost some of its momentum. to stick to a cautious mone- oil on the European veg- higher buoyed by data South American weather
cent at 117.420 yen after moving the market right tary policy stance to prevent break, tracking firmer etable oils market was showing a slower decline market and underpinned
slipping to a six-day low now. The dollar is seeing Some in the market now the dollar from appreciating mostly firmer on in exports and improved by stronger energy mar-
near 117.000 the previous some participants buy on expect a deeper downward excessively. We thus expect CBOT soymeal futures. Tuesday, the first trading sentiment for rival oils on kets.
day in reaction to slightly dips that formed as it correction to grip the green- a very gradual downtrend day following the Dalian and CBOT.
lower U.S. yields. The 10- sagged through the back, with the rise in U.S. for dollar/yen." Bids were scarce and no Christmas break, as EU rapeoil was offered
year Treasury note yield Christmas break," said Koji debt yields slowing and Malaysian palm oil "As is usual between between three and six
rebounded from the previ- Fukaya, president of FPG concerns over Trump's pro- For now the dollar index deals were reported. futures rose on optimism Christmas and the New euros per tonne up from
ous day's decline to shore Securities in Tokyo. tectionist statements taking added 0.1 percent to over exports and due to Year business is very Friday, tracking gains in
up the dollar. some shine off the dollar. 103.100 , clawing back EU rapemeal followed strength in rival soyoil. slow with substantially both CBOT soyoil futures
The U.S. currency had towards a 14-year high of less participants around. and European rapeseed
The yen showed little climbed to a 10-month high "Trump's policies are 103.650 marked a week ago. the stronger trend in Palm oil was mostly Futures were strong on futures.
reaction to Japan's inflation of 118.660 yen mid-month understood to be conducive offered between flat and end-of-year positioning
soymeal and was offered $7.50 a tonne up in slow but it did not exert much Lauric oils were mostly
trade as many players excitement in the cash quoted between $5 and
between one and three were bridging between market," one broker said. $20 a tonne up due to
Christmas and the New concerns over the extent
euros per tonne higher. Year. At 1730GMT CBOT of the damage done by
soyoil futures were Typhoon Nok-Ten, which
Stronger rapeseed Malaysian palm oil between 0.29 and 0.34 hit the Philippines during
futures closed between 29 cents per lb down on bar- Christmas.
futures, tracking stronger

Chicago soybeans, were

supportive also. Buyers

showed little interest and

no deals were reported.

Dollar edges up on Daily opening
& closing rates
bargain hunting after sagging

over the holidays PMEX Index 3,046 Open CloseCRUDE WT
Total Volume (Lots): 7,492 53.04 53.88
TOKYO: The dollar tion data, which saw core Trump rally, during which stronger currency. But a The Australian dollar Traded Value (Rs): 2,293,495,774 55.09 56.10
inched up against the yen consumer prices mark the it benefited from expecta- was down 0.3 percent at 15.768 15.997
and euro on Tuesday as ninth straight month of tions of higher interest higher dollar would be a $0.7175 , inching back Commodity Price Quotation 1,133.1 1,140.1
some investors emerged annual declines in rates to match the incom- towards a seven-month WTI CRUDE OIL $ Per Barrel 39,558 39,683
out of the holiday lull to November. ing president's stimulato- significant setback to the low of $0.7160 plumbed BRENT CRUDE OIL $ Per Barrel 47,694 48,242
hunt for bargains as the ry economic policies. late last week on con- SILVER $ Per Ounce 47,694 48,242
market entered the last Movements were limit- U.S. economy seemingly cerns over China's eco- GOLD $ Per Ounce 1.0454 1.0458
trading stretch of the year. ed with financial markets But the dollar, which nomic growth. GOLD Rs Per 10 gms 1.2278 1.2273
in Sydney, Hong Kong surged more than 10 per- in the ending stages of an MTOLAGOLD Rs Per Tola 117.341 117.447
The euro slipped 0.2 and London still closed cent against the yen since The New Zealand dol- TOLAGOLD Rs Per Tola 0.7177 0.7184
percent to $1.0435 after on Tuesday for the Trump's U.S. election win expansion," wrote lar fell 0.2 percent to GOLDEURUSD (COTS) US$ 1.3538 1.3576
climbing overnight to Christmas holidays. in November, has recently $0.6882, paring the GOLDGBPUSD (COTS) US$ 1.0273 1.0280
$1.0469. lost some of its momen- Makoto Noji, senior gains made the previous GOLDUSDJPY (COTS) JPY ¥ 2.480 2.5223
"There isn't much in the tum. day. The kiwi was close GOLDAUDUSD (COTS) US$ 3,188 3,186
The dollar was up 0.3 form of fresh incentives strategist at SMBC Nikko to $0.6863, a near GOLDUSDCAD (COTS) CAD$ 4,182 4,179
percent at 117.420 yen moving the market right Some in the market now seven-month trough GOLDUSDCHF (COTS) CHF 55.80 55.76
after slipping to a six-day now. The dollar is seeing expect a deeper down- Securities. plumbed on Friday COPPER US $ per pound 69.79 70.02
low near 117.000 the pre- some participants buy on ward correction to grip against the broadly RICEIRRI6 Rs Per 100 kg 3,415 3,413
vious day in reaction to dips that formed as it the greenback, with the "Therefore, the Trump stronger dollar. PALMOLEIN Rs Per Maund 178 178
slightly lower U.S. yields. sagged through the rise in U.S. debt yields SUGAR Rs Per kg 1684 1684
The 10-year Treasury Christmas break," said slowing and concerns administration and the The U.S. currency also ICOTTON US Cents per pound
note yield rebounded Koji Fukaya, president of over Trump's protectionist rose against the pound, WHEAT Rs Per 100 kg
from the previous day's FPG Securities in Tokyo. statements taking some Federal Reserve would which slipped 0.2 per- RED CHILI Rs Per Kg
decline to shore up the shine off the dollar. cent to $1.2272, putting PADDYSBR Rs 40 Per Kg
dollar. The U.S. currency had have to stick to a cautious it closer to a 1-1/2-
climbed to a 10-month "Trump's policies are month low of $1.2230
The yen showed little high of 118.660 yen mid- understood to be con- monetary policy stance to set on Friday.
reaction to Japan's infla- month on the back of the ducive to inflation and a
prevent the dollar from

appreciating excessively.

We thus expect a very

gradual downtrend for

dollar/yen."

For now the dollar

index added 0.1 percent On Tuesday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,046. The total
traded value of Metals, Energy and COTS/FX was recorded at PKR 2.29 billion and number of lots traded
to 103.100 , clawing was 7,492. Major business was contributed by gold amounting to PKR 1.07 billion, followed by WTI crude
oil (PKR 518.90 million), silver (PKR 382.43 million), currencies through COTS (PKR 292.57) million,
back towards a 14-year copper (PKR 22.01 million) and Brent crude oil (PKR 1.52 million). In addition to this, in agricultural com-
modities, two lots of cotton amounting to PKR 0.732 million were also traded.
high of 103.650 marked

a week ago.

6 MARKET SUMMARY Thursday, December 29, 2016

Market Symbols KSE 100 Index All Share Index KSE 30 Index KMI 30 Index All Share Islamic Index MTS LEVERAGE POSITION

Volume: 273,091,680 Advanced 231 Current 47,424.63 Current 32,461.98 Current 25,665.88 Current 81,338.15 Current 22,510.99 Symbol Total Volume Total Value MTS Rate
Value : 16,473,179,856 Declined 158 High High High High 81,540.36 High 22,563.40 AICL 3,926,000 238,980,185 10.00
Trades: Unchanged 47,563.46 Low 32,549.33 Low 25,776.27 Low 80,366.83 Low 22,253.69 AKBL 5,735,700 118,547,358 8.00
96,821 Total 18 Low Change Change Change Change ASTL 740,500 41,720,716 10.00
407 Change 46,920.47 32,099.53 25,347.98 K971.32 K257.30 ATRL 1,534,900 513,735,160 8.00
K504.16 K362.45 K317.90 BAFL 17,072,900 503,219,900 8.00
BAHL 160,500 8.00
OIL AND GAS AUTOMOBILE AND PARTS FIXED LINE TELECOMMUNICATION BOP 50,083,600 7,448,712 10.00
CHCC 1,350,500 723,090,915 8.00
Company Paid up Volume Company Paid up Volume Company Paid up DGKC 3,496,500 192,047,267 8.00
Cap(mn) PE Open High Low Close Chg Cap(mn) PE Open High Low Close Chg Cap(mn) PE Open High Low Close Chg Volume EFERT 12,124,300 627,159,168 8.00
EFOODS 882,200 670,428,230 8.00
Attock Petroleum 829 12.34 679.65 689.00 680.00 680.10 0.45 92,000 Agriautos Ind 144 37.24 343.18 344.00 341.00 342.20 -0.98 15,200 Pak Datacom 98 7.98 85.06 89.31 84.99 88.99 3.93 210,000 ENGRO 1,717,700 128,008,063 7.00
Attock Refinery 853 10.30 422.56 429.00 419.01 420.75 -1.81 1,341,300 849.00 828.00 831.00 11.11 2,600 Pakistan Telecomm Co A 37740 - 17.04 17.37 17.01 17.11 0.07 1,287,500 FFC 614,000 454,364,330 8.00
Burshane LPG 226 27.55 66.00 67.85 65.65 65.84 -0.16 13,000 Atlas Battery 174 22.59 819.89 588.00 580.00 580.64 -8.36 3,900 Telecard 3000 4.81 4.86 4.72 4.75 -0.06 1,677,500 HUBC 931,300 54,085,641 8.00
BYCO Petroleum 9779 23.51 23.11 23.16 0.04 2,572,500 138.99 133.00 133.00 -0.10 1,000 WorldCall Tele 8606 79.17 2.63 2.65 2.58 2.60 -0.03 3,170,500 HUMNL 47,000 91,979,592 -
Mari Gas Company 1103 - 23.12 1410.00 1379.10 1384.04 -9.53 28,650 Atlas Honda 1034 - 589.00 1,738,000 - ISL 2,560,500 8.00
National Refinery 800 47.91 1393.57 578.50 560.00 562.37 -12.31 357,900 37.90 36.65 37.08 -0.21 2,800 Company Volume KEL 25,207,100 478,029 9.00
Oil & Gas Development 43009 15.59 574.68 165.95 164.40 165.08 1.06 2,877,000 Baluchistan Wheels Limited 133 39.00 133.10 980.00 960.00 979.90 16.28 38,000 MCB 190,000 186,605,995 9.00
P.S.O 2717 6.41 164.02 434.40 427.90 429.71 4.12 1,394,200 278.97 276.00 276.88 -0.01 523,300 MLCF 1,810,000 197,500,322 8.00
Pak Oilfields 2365 8.47 425.59 545.87 535.81 542.12 8.79 692,100 Dewan Motors 1387 - 37.29 331.00 324.10 324.94 -1.46 1,569,500 ELECTRICITY NBP 1,111,000 37,453,967 8.00
Pak Petroleum 19717 9.94 533.33 193.90 189.00 192.06 2.86 1,253,100 246,200 NCL 2,867,500 191,927,665 8.00
Pak Refinery Limited 2940 7.16 189.20 44.60 43.65 43.74 -0.49 1,083,000 Exide (PAK) 78 13.10 963.62 12.42 11.98 12.02 -0.19 61,100 NML 1,092,700 69,276,380 8.00
Shell Pakistan 1070 1.25 44.23 501.50 481.00 487.90 9.36 228,900 688.00 669.00 676.48 10.05 61,100 OGDC 3,377,600 141,094,418 7.00
General Tyre 598 55.27 276.89 1597.99 1565.00 1585.70 6.75 51,500 Paid up PPL 341,600 137,594,482 8.00
Company - 478.54 Volume 635.00 627.12 628.82 1.70 Cap(mn) PE Open High Low Close Chg PSO 846,200 449,964,854 8.00
Ghandhara Nissan 450 - 326.40 Volume PTC 5,528,100 54,538,689 8.00
94.90 92.00 92.29 -1.30 QUICE 500 301,785,236 -
Ghani Automobile Ind 500 - 12.21 750,500 TPL 7,920,500 80,398,077 9.00
8,500 TRG 25,120,500 10.00
Honda Atlas Cars 14287516.44 666.43 1,300 Altern Energy 3634 - 40.50 41.99 41.99 41.99 1.49 500 UBL 3,297,900 3,362 7.00
7,000 Hub Power XD 11572 15.01 123.84 126.39 123.50 125.15 1.31 1,197,200 Total 116,939,645 8.32
Indus Motors 786 63.73 1578.95 48,600 Japan Power 1560 - -0.10 2,185,000 199,368,501 922,298,063
32,000 K-Electric Ltd. 7932 38.54 5.32 5.38 5.20 5.22 0.05 21,979,500 615,974,027
Pak Suzuki 823 35.73 627.12 17,000 Kohinoor Energy 1695 8.90 9.20 9.30 9.18 9.25 -0.65 303,500 9,212,297,499
3,428,600 Kohinoor Power 43.65 44.00 43.00 43.00 0.25 176,000
Sazgar Engineering 180 36.62 93.59 124,600 Kot Addu Power 126 - 8.60 9.53 8.80 8.85 0.56 2,713,500
39,500 Nishat Chunian Power Ltd XD 8803 9.16 78.47 79.25 78.10 79.03 -0.35 205,000
CHEMICALS FOOD PRODUCERS 500 Nishat Power Ltd 3673 7.59 55.93 56.55 55.50 55.58 1.56 368,500
699,000 Pakgen Power Ltd 3541 7.82 59.10 60.95 58.50 60.66 1.19 1,574,000
Paid up Company Paid up 2,500 Tri-star Power XD 3721 4.61 24.00 25.20 24.18 25.19 0.16 618,500
Cap(mn) PE Open High Low Close Chg Cap(mn) PE Open High Low Close Chg 500 Engro Powergen 150 172.34 10.87 11.55 10.90 11.03 0.13 361,500
25,100 Lalpir Power XD 3238 - 34.36 34.84 34.25 34.49 1.10 2,293,000
Agritech Limited 3924 - 11.90 12.05 11.81 11.85 -0.05 187,500 Abdullah Shah Ghazi Sugar 793 17.89 7.01 7.99 6.80 7.87 0.86 1,000 Saif Power Ltd. XD 3798 - 22.05 23.15 22.25 23.15 0.00 68,000
Biafo Ind XB 220 22.52 320.00 321.00 317.10 318.05 -1.95 19,300 Adam Sugar 173 8.22 53.00 53.20 51.71 52.28 -0.72 7,600 Arshad Energy L 3865 - 33.60 34.00 33.20 33.60 -0.35 3,500
Archroma Pak XD 341 22.66 787.52 798.00 778.00 780.99 -6.53 9,000 AL-Abbas Sugar 174 75.01 294.35 309.06 304.00 309.06 14.71 1,000 15.55 15.50 15.00 15.20
Dawood Hercules 4813 407.94 140.74 142.99 140.00 142.78 2.04 129,300 AL-Noor Sugar 205 - 72.70 76.33 76.33 76.33 3.63 3,300 80 -
Descon Oxychem Limited 1020 17.10 17.39 16.71 16.75 -0.35 512,000 Chashma Sugar 287 13.03 87.98 92.37 88.95 90.66 2.68 29,500
Dewan Salman 3663 - -0.17 2,270,500 Clover Pakistan 94 - 50.60 51.50 50.50 50.56 -0.04 3,500 GAS WATER AND MULTIUTILITIES
Dynea Pak 94 - 4.93 5.00 4.68 4.76 0.98 4,500 Dewan Sugar 665 - 7.17 7.34 7.00 7.00 -0.17 600
Engro Corporation Ltd 5238 6.04 52.02 53.49 52.99 53.00 6.19 1,712,500 Engro Foods Ltd. 7666 52.94 171.44 180.01 172.25 180.01 8.57 800 Company Paid up
Engro Polymer 6635 32.66 313.27 319.99 313.52 319.46 0.47 5,122,000 Faran Sugar 250 20.15 171.94 176.00 167.50 173.29 1.35 1,106,500 Cap(mn) PE Open High Low Close Chg Volume
Fatima Fertilizer 21000 18.27 17.80 18.35 17.84 18.27 0.56 1,027,500 Habib Sugar 750 32.89 47.50 48.00 47.21 47.36 -0.14 5,000
Fauji Fertilizer 12722 11.36 35.79 36.55 36.00 36.35 0.60 1,919,300 Habib-ADM Ltd 200 7.15 24.20 24.30 24.30 24.30 0.10 2,500 Sui North Gas 6342 33.44 79.04 80.15 75.55 78.59 -0.45 13,098,000
Fauji Fertilizer Bin Qasim 9341 7.16 103.13 104.15 103.30 103.73 0.81 1,418,000 Haseeb Waqas 324 - 12.03 12.75 12.00 12.35 0.32 112,000 Sui South Gas 8809 14.53 36.35 36.94 35.69 36.03 -0.32 3,614,000
Gatron Ind 384 9.74 50.22 51.59 50.60 51.03 -1.65 400 Ismail Ind 638 85.34 373.06 391.71 385.00 391.71 18.65 18,500 Hascol PetrolXD 1207 135.93 330.79 347.32 334.61 337.10 6.31 2,570,400
Ghani Gases Ltd 1248 16.03 93.03 92.50 91.00 91.38 -0.13 1,184,000 Mehran Sugar 320 10.11 184.61 184.44 178.10 184.44 -0.17 2,500 HI-Tech Lubri. 1160 45.47 111.04 114.10 111.80 112.77 1.73 1,122,500
ICI Pakistan 924 9.74 24.00 24.50 23.74 23.87 -0.89 38,000 Mirpurkhas Sugar XD 123 23.40 209.88 211.99 205.00 211.50 1.62 547,000
Ittehad Chemical 650 103.14 998.29 1013.00 991.00 997.40 -0.10 22,500 Mirza Sugar 141 - 4.01 4.05 4.05 4.05 0.04 46,500 Company BANKS Volume
Leiner Gelatine 75 4.90 39.85 39.98 39.37 39.75 0.81 14,500 Mithchells Fruit 79 17.84 342.00 353.00 338.00 351.90 9.90 4,000
Linde Pakistan Ltd. 250 33.86 41.18 41.99 39.13 41.99 1.29 133,800 National Foods 1036 19.68 375.22 376.00 372.00 372.35 -2.87 Paid up Low Close Chg
Lotte Chemical 15142 16.07 175.92 184.71 176.00 177.21 0.01 4,537,000 Nestle Pakistan 453 54.80 8712.51 9148.13 8800.00 9145.71 433.20 Volume Cap(mn) PE Open High
Nimir Ind Chemical 553 14.23 8.10 8.35 8.09 8.11 -0.69 21,000 Noon Sugar 165 4.94 45.83 45.59 44.95 45.47 -0.36
Pak Gum 42 89.39 44.49 44.40 42.81 43.80 2.43 2,000 Pangrio Sugar 109 - 4.70 4.75 4.45 4.75 0.05 2,000 Allied Bank Limited 11451 9.09 119.74 120.50 118.75 120.04 0.30 449,000 UPTO 100 VOLUME
Shaffi Chemical 120 8.32 157.00 159.99 154.00 159.43 -0.55 124,500 Premier Sugar 38 5.76 152.95 152.00 150.00 150.50 -2.45 6,000 Askari Bank 12603 6.21 24.55 25.00 24.60 24.84 0.29 1,700,000
Sitara Chem Ind 214 47.64 13.89 13.98 13.20 13.34 -1.00 900 Punjab Oil 54 48.64 331.00 324.78 321.00 321.00 -10.00 1,600 Apna Microfinance Ba 2200 9.00 9.00 9.00 9.00 0.00 2,500 Symbols Open High Low Close Change Vol
Sitara Peroxide 551 12.11 571.00 570.00 566.00 570.00 -0.56 352,500 Quice Food 985 - 8.91 9.35 8.92 9.06 0.15 1,241,000 Bank Alfalah 15952 - 37.17 38.00 37.40 37.79 0.62 403,500 231.00 100
United Distributors 242 - 32.64 33.05 31.90 32.08 0.88 97,500 S S Oil 57 3.40 55.93 57.00 56.00 56.95 1.02 2,518,000 Bank AL-Habib 11114 7.99 55.51 57.07 55.05 57.00 1.49 224,000 100
Wah-Noble XD 90 3.10 70.00 71.30 69.99 70.88 -1.30 2,500 Sakrand Sugar 223 - 6.71 7.30 7.00 7.00 0.29 850,000 Bank Of Khyber 10004 8.56 15.53 16.00 15.51 16.00 0.47 27,000 20
Engro Fert. 13309 11.08 131.30 132.00 130.00 130.00 1.25 5,477,000 Shahmurad Sugar 211 29.08 58.71 61.64 58.00 61.64 2.93 2,780,500 Bank Of Punjab 15551 8.99 17.58 17.99 17.51 17.56 -0.02 13,429,500
118.37 66.22 67.98 66.25 67.47 Shahtaj Sugar 120 14.32 167.38 167.37 159.03 165.00 -2.38 BankIslami Pak 10079 5.76 13.45 13.48 13.00 13.02 -0.43 47,500
Volume Sind Abadgar 104 3.37 24.50 24.00 23.50 23.85 -0.65 Volume Faysal Bank 11998 24.11 21.78 22.14 21.60 21.74 -0.04 1,038,000
Al-Shaheer Corp 1421 - 60.05 60.50 59.07 59.18 -0.87 Habib Bank Ltd 14669 6.19 265.04 273.00 264.50 268.06 3.02 986,700 MEHT 220.00 231.00 220.00 0.00
Imperial Sugar Ltd. 990 - 7.99 8.10 7.90 7.97 -0.02 477,500 Habib Metropolitan Bank 10478 11.09 37.50 38.25 37.25 37.69 0.19 827,000
Jauharabad Suga 109 - 66.00 66.50 65.00 65.00 -1.00 500 JS Bank Ltd 10725 5.16 10.50 10.84 10.50 10.56 0.06 2,768,500
4,500 MCB Bank Ltd XD 11130 6.07 232.89 241.51 234.00 238.32 5.43 644,700
FORESTRY AND PAPER HOUSEHOLD GOODS 1,500 Meezan Bank 10027 10.38 65.40 66.00 64.16 65.00 -0.40 29,500 MSOT 155.39 161.90 161.90 155.39 0.00
1,142,500 National Bank 21275 13.00 73.99 75.00 74.11 74.72 0.73 1,062,000
Paid up Paid up 16,000 NIB Bank 103029 8.27 1.63 1.68 1.63 1.66 0.03 3,747,000 BATA 4,700.00 4,700.00 4,700.00 4,700.00 0.00
Cap(mn) PE Open High Low Close Chg Cap(mn) PE Open High Low Close Chg 62,500 Samba Bank 10082 6.64 7.28 7.50 7.36 7.36 0.08 6,000
Company Company 15,500 Silkbank Ltd 77998 17.52 1.78 1.83 1.76 1.80 0.02 1,589,500 BOARD MEETINGS
103,500 Soneri Bank 11025 16.61 16.70 16.36 16.36 -0.25 61,500
Century Paper 1470 13.22 60.11 60.50 59.51 59.76 -0.35 150,000 Diamond Ind 90 13.11 42.85 43.00 43.00 43.00 0.15 270,500 Stand Chart Bank 38716 - 23.35 24.26 23.40 23.84 0.49 16,000 Company Date Time
Security Paper 593 10.51 99.57 100.44 99.50 100.04 0.47 23,900 Hala Enterprise 68 - 9.51 9.68 9.50 9.53 0.02 235,500 Summit Bank Ltd 17787 8.18 4.15 4.28 4.10 4.18 0.03 1,739,500 Fauji Fertilizer Co. Ltd. 29-Dec 9:30
Feroze 1888 Mills Limited 3768 60.94 190.28 199.70 193.00 193.17 2.89 86,000 United Bank Ltd 12242 9.97 231.21 235.55 232.00 234.77 3.56 849,600 Premier Sugar Mills 29-Dec 11:00
INDUSTRIAL METALS AND MINING Pak Elektron 4977 105.97 67.65 68.25 67.75 67.82 0.17 117,000 20.90 Cheshma Sugar Mille 29-Dec 11:30
Singer Pak 454 52.77 46.77 48.99 46.00 48.02 1.25 471,000 11.17 Volume Sindh Abadgar's Sugar Mills 30-Dec 4:00
Tariq Glass Ind 735 38.07 99.02 103.97 97.11 102.80 3.78 1,000 Chakwal Spinning Mills Limited 30-Dec 12:30
Company Paid up TPL Trakker Ltd 2172 - 17.42 17.90 17.50 17.67 0.25 204,000 NON LIFE INSURANCE Yousuf Weaving Mills Limited 30-Dec 12:30
Cap(mn) PE Open High Low Close Chg Volume 500 Hussein Industries Limited 30-Dec 5:00
500 Systems Ltd 30-Dec 5:30
Crescent Steel 776 12.40 150.36 154.44 149.50 153.16 2.80 350,900 PERSONAL GOODS 21,100 Company Paid up JDW Sugar Mills 02-Jan 11:00
Dost Steels Ltd 3157 - 10.68 10.83 10.50 10.53 -0.15 6,201,000 500 Cap(mn) PE Open High Low Close Chg Dadabhoy Cement Industries Ltd 02-Jan 11:00
Huffaz Pipe 555 - 25.58 26.40 25.50 25.60 0.02 7,000 Paid up 5,000 Dadabhoy Sack Ltd 02-Jan 11:30
Inter.Steel Ltd. 4350 291.88 97.47 97.90 96.00 96.32 -1.15 962,000 Company Cap(mn) PE Open High Low Close Chg 2,000 Adamjee Insurance 3500 10.28 76.73 78.50 74.60 74.94 -1.79 1,693,000 Dadabhoy Construction Technology Ltd 02-Jan 12:00
International Ind 1199 46.66 206.03 207.75 202.75 204.82 -1.21 143,000 668,000 Ask Gen Insurance 544 5.97 30.00 30.50 30.00 30.50 0.50 53,000 Unilever Pak Foods 02-Mar 2:30
Siddiqsons Tin 785 - 15.87 16.00 15.82 15.85 -0.02 65,500 Amtex Limited 2594 - 3.07 3.15 3.01 3.04 -0.03 6,500 Atlas Insurance 702 9.81 82.51 84.49 83.25 84.00 1.49 6,000
Aisha Steel Mill 2713 - 16.15 16.35 15.90 15.99 -0.16 4,319,000 Aruj Industries 105 10.71 28.25 29.66 29.66 29.66 1.41 121,500 Century Insurance 457 2.11 29.30 29.50 29.50 29.50 0.20 4,000
Ashfaq Textile 350 3.39 10.00 9.10 9.05 9.05 -0.95 1,000 Crescent Star Insurance 827 7.66 9.80 10.15 9.82 10.03 0.23 1,009,500
CONSTRUCTION AND MATERIALS Asim Textile 152 1.19 8.00 8.20 8.10 8.10 0.10 1,500 Cyan Limited 586 13.31 76.36 78.00 75.50 75.99 -0.37 73,000
Azgard Nine 4493 1.51 8.26 8.40 8.10 8.15 -0.11 500 EFU General Insurance 2000 6.00 152.00 153.00 150.00 151.20 -0.80 9,100
Company Paid up Bannu Woolen 95 4.63 70.22 72.55 71.00 71.00 0.78 9,000 Habib Insurance 619 10.66 18.90 19.50 19.10 19.50 0.60 37,000
Cap(mn) PE Open High Low Close Chg Volume Bilal Fibres 141 3.81 7.49 8.49 7.98 8.49 1.00 1,300 IGI Insurance 1227 26.52 280.85 283.00 277.16 279.27 -1.58 136,300
Brothers Textile 98 8.03 5.38 6.00 5.62 5.86 0.48 3,000 Jubilee Gen.Ins 1569 12.53 108.00 108.00 108.00 108.00 0.00 300
Attock Cement 1145 15.29 315.01 321.00 319.00 319.00 3.99 7,400 Chakwal Spinning 400 1.57 5.50 5.71 5.55 5.62 0.12 30,000 Pak Gen Insurance 400 5.60 9.26 9.48 9.30 9.30 0.04 3,500 BOOK CLOSURES
Balochistan Glass Ltd 1716 - 13.98 14.30 13.80 13.98 0.00 112,000 Chenab Limited 1150 - 6.66 6.92 6.60 6.65 -0.01 1,500 Pak Reinsurance 3000 8.80 40.22 40.75 39.65 40.29 0.07 141,000
Berger Paints 182 124.32 184.07 189.00 182.50 184.00 -0.07 5,500 Chenab Ltd Pref 800 - 2.96 3.10 2.82 2.91 -0.05 87,500 PICIC Ins Ltd XR 350 - 5.43 5.63 5.40 5.48 0.05 127,000 Company From To Div/Bonus Spot Date AGM/
Bestway Cement XD 5963 31.95 272.89 278.50 270.06 271.24 -1.65 52,100 Crescent Jute 238 - 4.06 4.21 3.75 3.92 -0.14 5,500 Premier Insurance 209 6.50 21.00 21.49 20.10 20.59 -0.41 10,500 /Right EOGM
Buxly Paints 111.15 116.70 110.00 116.60 5.45 11,000 Crescent Textile 800 12.18 27.62 27.60 27.30 27.41 -0.21 600,500 Reliance Insurance 510 6.73 11.43 11.85 11.37 11.71 0.28 103,500
Cherat Cement 14 - 171.59 173.75 171.80 173.26 1.67 450,400 D S Ind Ltd 600 3.27 6.00 6.37 6.00 6.02 0.02 219,000 Shaheen Insurance 450 13.52 8.20 8.00 7.63 7.84 -0.36 3,000
Dandot Cement 1766 13.46 14.50 14.90 14.50 14.51 0.01 43,000 Dawood Lawrencepur 591 57.41 249.40 254.90 247.05 254.90 5.50 3,000 United Insurance 1803 4.51 22.00 22.01 21.70 21.71 -0.29 12,000
Dewan Cement 948 - 37.23 39.09 37.02 39.01 1.78 18,903,500 Dewan Farooque Spinning 978 347.69 4.40 4.69 4.46 4.52 0.12 18,500 Universal Insurance 416 5.92 18.50 18.40 17.50 18.40 -0.10 1,500
DG Khan Cement Ltd 4841 32.78 213.69 219.39 214.00 218.35 4.66 4,877,100 Dewan Khalid Textile 96 1.59 8.32 7.77 7.77 7.77 -0.55 2,500 IGI Life Ins.XD XB 605 52.29 82.00 81.50 79.22 80.00 -2.00 8,500
Fauji Cement 4381 16.22 42.12 43.38 42.10 43.06 0.94 11,295,000 Elahi Cotton 13 12.80 57.36 59.90 59.90 59.90 2.54 400
Fecto Cement 13798 28.52 118.00 121.90 118.50 120.01 2.01 189,800 Gadoon Textile 280 5.85 248.15 251.50 247.00 247.83 -0.32 2,685,000 Company LIFE INSURANCE Volume Ghani Gases # 04-Jan 10-Jan - - 11-Jan
Flying Cement Ltd 502 8.88 14.00 14.74 14.30 14.44 0.44 803,000 Ghani Value Glass 300 6.25 21.50 21.75 21.75 21.75 0.25 695,700 Saudi Pak easing # 07-Jan 14-Jan - - 14-Jan
Frontier Ceramics 1760 - 9.00 9.30 9.15 9.15 0.15 3,000 Ghazi Fabrics 326 17.05 7.95 7.89 7.50 7.50 -0.45 228,000 Paid up Ghani Glass 09-Jan 16-Jan 15(I) 05-Jan
Gammon Pak 379 - 35.90 35.90 35.50 35.50 -0.40 3,500 Glamour Textile 266 20.58 55.26 56.40 52.50 56.40 1.14 8,000 Cap(mn) PE Open High Low Close Chg PIB Terminal 10-Jan 17-Jan 16.945(R) 06-Jan -
Gharibwal Cement 283 - 50.00 50.00 50.00 50.00 0.00 4,000 Gul Ahmed Textile 2971 14.78 51.42 52.30 51.25 51.57 0.15 2,000 Linde Pakistan # 11-Jan 17-Jan - - -
Haydery Const 4003 28.90 5.60 5.99 5.60 5.73 0.13 14,000 H M Ismail 120 - 6.44 5.90 5.75 5.80 -0.64 28,000 EFU Life Assurance 1000 14.14 209.40 209.00 205.25 208.50 -0.90 3,400 Cyan Limited 13-Jan 20-Jan 25(II) 11-Jan 17-Jan
Javedan Cement 33.00 34.00 33.00 33.50 0.50 46,500 Hira Textile Mills Limited 866 8.12 13.02 13.18 12.90 13.07 0.05 2,500 Jubilee Life In 721 25.36 547.00 569.99 560.00 569.99 22.99 1,100 Siemens (Pak) Engg 16-Jan 23-Jan 1200(F) 12-Jan -
Kohat Cement 32 573.00 284.11 288.00 282.25 283.00 -1.11 42,200 Ibrahim Fibres 3105 3.54 67.11 66.00 66.00 66.00 -1.11 29,500 Sui Northern Gas Pipelines 18-Jan 26-Jan - - 24-Jan
Lucky Cement 1294 3.28 831.32 853.00 835.50 840.29 8.97 423,500 Int Knitwear XD 65 - 15.36 16.20 15.55 16.19 0.83 2,000 Company FINANCIAL SERVICES Volume Mehran Sugar Mills 25-Jan 31-Jan 22.5(F) 23-Jan 26-Jan
Maple Leaf Cement 1545 14.30 125.86 127.40 125.30 125.89 0.03 3,422,500 Ishaq Textile 97 1.38 9.89 9.25 9.25 9.25 -0.64 1,500 31-Jan
Pioneer Cement 3234 29.97 139.57 141.00 139.60 140.32 0.75 1,451,900 J K Spinning 609 3.32 31.39 31.50 29.85 29.85 -1.54 1,000 Paid up
Power Cement Ltd. 5277 21.63 13.14 13.43 13.10 13.16 0.02 3,611,000 Janana D Mal XD 48 1.73 110.88 109.10 109.00 109.00 -1.88 68,000 Cap(mn) PE Open High Low Close Chg
Safe Mix Concrete 2271 21.72 9.45 9.70 9.51 9.68 0.23 36,000 Jubilee Spinning 325 52.00 8.00 8.00 7.80 7.80 -0.20 1,000
Shabbir Tiles 3657 8.44 11.31 11.68 11.30 11.50 0.19 1,169,000 Khalid Siraj 107 - 5.20 6.20 5.69 6.20 1.00 18,000 MCB-ARIF Habib 720 7.49 28.01 29.00 28.99 29.00 0.99 3,500 Indications
Thatta Cement 250 26.16 35.69 36.44 35.70 35.84 0.15 337,500 Kohat Textile 208 3.20 17.85 17.30 17.30 17.30 -0.55 194,500 Arif Habib Limited 550 4.45 74.54 76.00 74.10 75.08 0.54 54,000 # Extraordinary General Meeting
Synthetic ProdXD 1197 17.69 66.00 67.00 65.99 66.14 0.14 68,500 Kohinoor Ind 303 24.22 7.75 7.96 7.70 7.75 0.00 8,450 Arif Habib Corp 4538 25.00 41.29 42.43 41.69 42.00 0.71 477,000
Akzo Nobel Pak.XD 997 32.88 237.88 241.00 237.70 238.11 0.23 101,500 Kohinoor Mills 509 1.39 39.50 38.50 38.00 38.50 -1.00 7,500 Dawood Equities 250 3.87 7.16 7.22 7.06 7.20 0.04 58,500 OTHER SECTORS
774 - Kohinoor Spinning 1300 2.91 6.66 7.10 6.60 6.76 0.10 2,000 Escorts Bank 441 - 3.95 3.99 3.79 3.79 -0.16 75,500
464 - Volume Kohinoor Textile 2824 39.65 112.50 116.00 112.50 114.59 2.09 250 First Credit & Invest Bank Ltd 650 20.57 7.00 7.50 7.01 7.20 0.20 6,000 Symbols Open High Low Close Change Vol
Mian Textile 221 - 3.58 3.58 3.58 3.58 0.00 412,700 First National Equity 1418 6.25 10.89 11.02 10.52 10.69 -0.20 269,500
GENERAL INDUSTRIALS Mohd Farooq 189 - 4.28 4.47 4.25 4.25 -0.03 196,000 Grays Leasing 215 1222.00 6.89 6.68 6.11 6.11 -0.78 2,000 Johnson & Philips 43.7 44.95 43 43.97 0.27 9000
Mubarak Textile 54 - 4.75 5.00 5.00 5.00 0.25 529,500 IGI Investment Bank 2121 34.88 2.90 2.92 2.74 2.79 -0.11 555,000 Pakistan Cables 358.33 375 354.11 358.77 0.44 99200
Company Paid up National Silk 156 4.94 48.69 46.27 46.26 48.69 0.00 232,500 Invest and Fin Sec 200 18.29 132.79 137.60 126.16 126.58 -6.21 61,500 TRG Pak Ltd 44.87 44.65 44.8 -0.07 3631500
Cap(mn) PE Open High Low Close Chg Nishat (Chunian) 2402 4.83 60.64 61.88 60.80 61.06 0.42 2,293,000 Invest Bank 2849 3.11 2.29 2.30 2.20 2.21 -0.08 265,000 Murree Brewery 946.53 45.31 -8.78 3750
Nishat Mills 3516 10.19 150.55 152.70 151.00 151.17 0.62 7,500 Ist Cap Securities 3166 146.25 5.82 6.09 5.68 5.85 0.03 3,089,500 Shezan Inter. 955 934 937.75 10.36 5200
Cherat Packagin 296 50.30 338.01 340.00 331.10 336.50 -1.51 5,700 Olympia Spinning 120 - 8.00 9.00 8.25 9.00 1.00 1,500 Ist Dawood Bank 1484 87.50 3.57 3.61 3.49 3.50 -0.07 513,500 Pak Tobacco 460 475 461 470.36 55.4 2240
ECOPACK Ltd XB 287 - 24.20 24.89 24.10 24.37 0.17 161,500 Ravi Textile 250 - 6.09 6.10 6.00 6.00 -0.09 119,000 Jah Siddiq Co 9159 8.00 24.51 25.26 24.60 24.71 0.20 5,335,500 Shifa Int.Hosp 1244.6 1269 1300 -1.43 2500
Ghani Glass 2192 22.01 148.00 149.00 149.00 149.00 1.00 500 Reliance Weaving 308 2.70 38.00 37.00 36.75 36.75 -1.25 JS Investment 802 7.27 15.11 16.00 15.40 15.77 0.66 79,500 Media Times Ltd 309.43 1306.83 307 308 -0.04 945500
MACPAC Films 389 2.40 23.07 23.30 23.30 23.30 0.23 1,500 Ruby Textile 522 - 12.92 13.15 12.51 13.04 0.12 Volume Orix Leasing 821 5.60 46.50 46.51 45.75 45.75 -0.75 19,000 P.I.A.C.(A) 308.1 4.55 4.57 0.02 3134000
Merit Pack 403 - 24.01 24.24 23.71 24.01 0.00 31,000 Rupali Poly 341 - 20.01 20.50 19.31 20.50 0.49 Pervez Ahmed Sec 1866 - 2.51 2.56 2.46 2.49 -0.02 1,651,500 AKD Capital 4.61 4.74 9.04 9.11 7.89 3200
Packages Ltd 894 29.55 813.67 840.00 816.21 838.16 24.49 72,750 Safa Textile 40 18.59 5.64 6.00 5.21 5.95 0.31 11,800 Saudi Pak Leasing 452 19.56 3.32 3.35 3.05 3.13 -0.19 92,500 Pace (Pak) Ltd. 9.09 9.28 151.03 165.78 0.08 4010500
Siemens Engineering 82 - 1468.39 1495.00 1450.00 1462.23 -6.16 6,550 Saif Textile 264 1.65 22.31 23.41 23.41 23.41 1.10 6,250 Sec Inv Bank 514 452.00 4.83 4.57 4.51 4.52 -0.31 18,000 Netsol Tech. 157.89 165.78 10.85 10.99 -0.11 88500
Tri-Pack Films 388 17.71 268.58 271.40 265.00 266.35 -2.23 94,800 Sajjad Textile 213 1.31 6.20 6.30 6.29 6.30 0.10 174,800 Security Leasing 363 - 7.36 7.71 7.00 7.40 0.04 93,000 10.91 11.18 54 54.39
Ghani Global Glass L 1000 3.31 22.49 22.50 22.07 22.41 -0.08 259,000 Sally Textile 88 0.63 12.50 12.65 12.65 12.65 0.15 5,650 Trust Brokerage 100 - 11.65 12.20 10.65 10.65 -1.00 66,000 54.5 55
Samin Textile 267 - 8.70 8.85 8.70 8.85 0.15 40,800 Trust Inv Bank 892 19.94 3.82 3.90 3.50 3.59 -0.23 200,000
Volume Sana Ind 86 9.15 72.40 70.51 70.51 70.51 -1.89 5,000 SME Leasing Ltd 320 - 3.70 3.90 3.65 3.73 0.03 7,500
Saritow Spinning 298 1.72 9.17 9.20 9.10 9.17 0.00 1,050 Next Capital 200 41.05 18.63 19.19 17.63 18.06 -0.57 223,000
Service Fabrics 158 5.06 12.11 12.40 11.80 11.93 -0.18 437,400
INDUSTRIAL ENGINEERING Service Ind 120 140.75 1480.40 1500.00 1465.00 1490.54 10.14 680 EQUITY INVESTMENT INSTRUMENTS
Service Textile 44 0.66 10.96 11.96 11.86 11.94 0.98
Company Paid up Shadab Textile 30 1.59 53.80 55.79 55.00 55.00 1.20 Company Paid up Nikkei flat in
Cap(mn) PE Open High Low Close Chg Shield Corp 39 163.26 535.50 560.00 550.00 559.99 24.49 Cap(mn) PE Open High Low Close Chg Volume
Suraj Cotton 290 3.29 134.72 129.00 129.00 134.72 0.00
AL-Ghazi Tractor 290 26.69 575.01 575.50 565.00 566.90 -8.11 47,400 Thal Ltd 405 28.01 510.01 514.79 503.10 511.99 1.98 1st Fid Leasing 264 17.31 4.48 4.50 4.35 4.50 0.02 18,000
Bolan Casting 67.20 64.50 65.78 1.78 99,000 Treet Corp 1407 16.91 63.70 64.40 63.51 63.57 -0.13 Allied Rental XD 1755 8.88 24.41 24.41 24.41 24.41 0.00 500
Ghandhara Ind 115 - 64.00 682.00 664.00 669.06 2.29 105,100 Tri-Star Poly 215 - 14.22 14.60 14.06 14.17 -0.05 AL-Noor Modaraba 210 - 5.11 5.40 5.30 5.40 0.29 6,000 thin trade;
Hinopak Motor 1675.00 1620.00 1649.23 -0.77 2,140 Yousuf Weaving 400 3.75 5.37 5.79 5.35 5.47 0.10 B R R Guardian Modaraba 780 9.02 8.21 8.17 8.10 8.12 -0.09 71,000
KSB Pumps 389.92 371.00 389.92 18.56 53,100 ZahidJee Tex. XB 1823 2.50 15.01 15.47 14.50 14.78 -0.23 Crescent St Modaraba 200 - 4.26 4.99 4.00 4.70 0.44 86,500
Millat Tractors 899.98 870.00 872.64 -16.47 33,250 Zil Limited 61 190.60 90.25 91.49 89.01 91.49 1.24 Elite Cap Modaraba 113 6.75 5.39 5.69 5.01 5.06 -0.33 364,000
Pak Engineering 344.00 342.00 342.00 3.00 1,300 Colony Tex.Mills Ltd 4980 - 5.72 6.05 5.72 5.75 0.03 Equity Modaraba XD 524 28.62 5.89 6.25 5.80 6.01 0.12 103,000
Amreli Steels L 67.70 66.50 66.63 -0.51 659,500 Golden Arrow 760 3.57 12.87 13.35 12.89 13.23 0.36 472,000
Drekkar Kings 213 115.36 666.77 11.74 11.52 11.58 -0.09 53,500 Habib Modaraba 1008 6.91 10.46 10.50 10.40 10.50 0.04 22,000
Mughal Iron&Ste 87.85 85.75 86.29 0.88 251,000 I B L Modaraba 202 18.46 4.75 4.80 4.80 4.80 0.05 10,000
124 753.07 1650.00 PHARMA AND BIO TECH KASB Modaraba XD 481 13.13 3.02 3.02 3.02 3.02 0.00 500
Volume Mod Al-Mali XD 184 20.00 5.05 5.12 5.00 5.00 -0.05 3,000
132 38.08 371.36 Paid up Nat Bank Modaraba 250 - 4.36 4.80 4.45 4.45 0.09 7,500
Cap(mn) PE Open High Low Close Chg Pak Modaraba 125 32.42 4.16 4.35 3.85 3.89 -0.27 136,500
443 18.45 889.11 Paramount Modaraba 138 11.23 9.15 9.43 9.43 9.43 0.28 500
PICIC Growth Fund 2835 4.77 30.44 30.89 30.00 30.65 0.21 1,144,500
57 - 339.00 PICIC Inv Fund 2841 4.28 14.39 14.45 14.00 14.21 -0.18 181,500 Toshiba dives
Prud Modaraba 1st 872 10.61 3.52 3.59 3.22 3.29 -0.23 875,000
2970 - 67.14 Company Punjab Modaraba XD 340 4.49 12.30 12.70 12.10 12.45 0.15 4,000
Tri-Star 1st Modaraba 212 - 8.00 8.99 7.75 8.29 0.29 7,000
100 - 11.67 Trust Modaraba 298 9.91 6.00 5.75 5.75 5.75 -0.25 1,000
U D L Modaraba XD 264 6.15 34.81 35.49 34.85 34.85 0.04 13,500
1258 - 85.41 Abbott (Lab) 979 50.28 934.90 947.00 925.15 943.33 8.43
Ferozsons (Lab) 302 71.44 757.09 760.00 751.01 754.36 -2.73
INDUSTRIAL TRANSPORTATION GlaxoSmithKline 3185 37.56 230.45 234.00 230.55 231.39 0.94 as Hitachi soars
Highnoon (Lab) 228 95.18 629.90 635.00 621.00 632.00 2.10
Company Paid up IBLHealthCare Ltd XB 492 37.51 167.35 172.99 167.51 171.03 3.68
Cap(mn) PE Open High Low Close Chg Otsuka Pak 110 69.16 178.90 181.00 173.01 180.50 1.60
Sanofi-Aventis 96 51.28 2467.50 2590.87 2590.87 2590.87 123.37
Pak Int Container Terminal 1092 15.76 367.50 367.00 361.05 367.00 -0.50 500 Searle Pak 1399 61.53 643.46 654.85 644.00 650.42 6.96 TOKYO: Japan's Ltd is considering
PNSC XD 1321 60.98 155.17 162.00 155.80 159.16 3.99 148,500 Wyeth Pak 142 21.30 4716.00 4740.00 4601.00 4605.76 -110.24
Pak Int.Bulk 12707 1.43 32.79 33.68 32.85 33.26 0.47 5,584,000 Nikkei share aver- selling the compa-

Futures higher Hong Kong stocks up after Christmas Sri Lankan shares age was flat on ny to KKR & Co.
after Nasdaq break on commodity strength rise nearly 0.5pc in
Wednesday morn- Toshiba stumbled
closes at high turnover
record level ing in thin end-of- the 20 percent
COLOMBO: Sri Lankan shares
NEW YORK: U.S. stock closed about half a percent higher year trade, while daily limit, extend-
index futures rose on on Wednesday, recovering from a
Wednesday, a day after more than eight-month closing low Toshiba Corp tum- ing its fall from the
strong economic data hit in the previous session, led by
helped the Nasdaq close blue chips such as John Keells bled 20 percent on previous day after
at a record high. Holdings and Hatton National
Bank. continued concerns the company said it
With year-end celebra-
tions around the corner, HONG KONG: Hong Kong China Enterprises around 5 percent and 7 a 5-1/2-month low in the Turnover was 1.73 billion rupees about posting a big may have to book
trading volumes are like- Kong stocks advanced Index , which tracks percent respectively at previous session. ($11.59 million), more than twice
ly to remain light. on the first trading day Chinese companies listed one point on Wednesday. the daily average of 739.5 million special loss. several billion dol-
following the Christmas in Hong Kong, gained Investors welcomed rupees for this year. Commercial
Oil prices rose for the break, with a bounce in 1.3 percent, to 9,300.63 Most sectors advanced, Tencent's plan to use Bank of Ceylon and Sunshine The Nikkei was lars in charges
fourth day in a row and commodity prices on the points. with information tech- platform services of a Holdings accounted for 48.3 per-
hovered close to a 2016 mainland lifting energy nology stocks the biggest digital mapping compa- cent and 44 percent of the barely changed at related to its
high ahead of a supply and raw materials shares. Energy and raw materi- performer, up 2 percent. ny controlled by turnover, respectively.
limit deal that will come al shares were up around Germany's leading car 19,401.70 in mid- acquisition of a
into effect from Jan. 1. The benchmark Hang 1 percent, helped by a Shares in index heavy- makers in its products, The Colombo stock index fin-
Seng index added 0.8 strong rebound in com- weight Tencent Holdings after sealing a deal to ished 0.41 percent higher at morning trade, U.S. nuclear power
U.S. equities have been percent, to 21,754.74 modity prices, with rebar Ltd, the industry bell- buy stake in the compa- 6,228.51, bouncing back from its
riding a post-election points, while the Hong and coke futures soaring wether, gained more than ny. lowest close since April 6 hit in the after opening business.
rally, feeding on opti- 2 percent after touching prior session. It shed around 2.1
mism that Donald percent in the 10 sessions through slightly lower. Hitachi Koki
Trump's policies would Tuesday. "Blue chips lifted the
be business friendly, market. I think it was mostly due to Traders said that soared 15 percent
especially to banks and window dressing ahead of the year-
industrials. The rally has end," said Atchuthan Srirangan, a the Japanese stock after the Nikkei
also been supported by a senior research analyst with First
spate of strong economic Capital Equities (Pvt) Ltd. market will likely newspaper report-
data. The Dow Jones
Industrial Average is like- Foreign investors bought a net stay directionless ed that negotia-
ly to make a fresh attempt 16.2 million rupees worth shares
at breaching the elusive Australia shares end at their highest on Wednesday, extending the year- from here and is tions between
20,000 mark, after com- to-date net foreign inflows to
ing within 20 points of 627.5 million rupees in equities. expected to end the Hitachi and U.S.
the milestone on Tuesday.
Top conglomerate John Keells year around the private equity firm
rose 1.1 percent, while Hatton
in nearly 17 months; NZ flat National Bank gained 2.65 per- current level. KKR were in the
cent. Commercial Bank of Ceylon
closed 2.1 percent higher, while "Most foreign final stages and
Sunshine ended flat.
investors and insti- that an official

tutional investors agreement could be

SYDNEY: Australian last trading before a holi- U.S. equities have been BHP Billiton added are on the sidelines reached next
shares closed at their day break, but gained 1.7 riding a post-presidential between 2.4 percent to
highest in nearly 17 percent last week. election rally, feeding on 3.5 percent. now," said Takuya month.
months on Wednesday, optimism that Donald
resuming their post- The benchmark is on Trump's plans for deregu- Gold stocks were the Takahashi, a Inpex Corp rose
Trump rally after losses track to rise for a third- lation and infrastructure top performers among
in the previous session as straight quarter in what spending could bolster miners, with Resolute strategist at Daiwa 1.3 percent and
basic materials stocks led will be its longest streak the economy. Mining seeing its biggest
broad-based gains. of quarterly gains since percentage gain in four Securities. Japan Petroleum
March 2014. The Australian mining months, as gold prices
The S&P/ASX 200 index on Wednesday extended gains on strong Takahashi said Exploration gained
index ended 1 percent, or Investor sentiment was closed at its highest since technical signals.
57.05 points, higher at also supported by a high- mid-December, as a rally that attention 1.7 percent. Oil
5,685, the highest close er Wall Street on news in base metals prices Consumer stocks too
since Aug. 4, 2015. that American consumer drove gains. advanced, with retailers would be on news gained 1.5 percent
confidence shot to its Woolworths up 1.9 per-
The benchmark had lost highest in more than 15 Major miners Rio cent and Wesfarmers of individual Tuesday, before
0.3 percent on Friday, the years in December. Tinto, Fortescue, and gaining 1.1 percent.
developments such edging down in

as Toshiba, which Wednesday Asian

is diving again on trade. The broader

loss worries, as Topix was flat at

well as Hitachi 1,535.71 and the

Koki Co, which is JPX-Nikkei Index

soaring on a media 400 was also flat at

report that Hitachi 3,774.02.

Thursday, December 29, 2016 Continuations 7

No #1 Continued from page 1 "The project has already become the center of global He said Pakistan is marching ahead on the road of him to come to the ground via telephone.
attention, especially in our region," concluded the pro- progress and prosperity and hurdles should not be The culprit who is a close friend of Rahman Bhola also
Rasool and Lance Naik Shakeel Ahmed. He was also fessor. - NNI created in the way of development.
revealed that all the doors of the factory were closed
involved in kidnapping 2 Chinese Engineers and a local On this occasion, the Prime Minister appreciated prior to setting the factory on fire with the help of chem-
the hard work of scientists, engineers and staff of icals.
civilian for Ransom. The convict admitted his offences No #4 Continued from page 1 PAEC in overcoming the shortage of energy and
announced two bonuses for them. He also confessed that we came to know later that the
before the Magistrate and the trial court. He was award- Mike Pence have indicated in recent months. fire spread to a vast level in the factory and those who
Vice President of China National Nuclear were setting the factory ablaze also possessed weapons
ed death sentence. She was, however, of the opinion that it was not going Corporation in his speech said cooperation with at that time. - NNI
Pakistan in nuclear energy is reflective of strategic
The convict Muhammad Yousaf son of Khalid Khan to work, and added that more modest goals for the relations between the two countries. He said with
the completion of Chashma-3, cooperation will
was a member of proscribed organization. He was upcoming administration could be to consolidate or bet- strengthen further with Pakistan in peaceful uses of
nuclear energy. He said nuclear power plants in
involved in attacking Armed Forces and Law ter coordinate U.S. policy making on India and Pakistan. Pakistan is playing vital role in economic develop-
ment of Pakistan. He said Chashma power plants are
Enforcement Agencies of Pakistan, which resulted in Chaudhary suggested strengthening private diplomacy safe and reliable power plants. No #12 Continued from page 8

death of 4 soldiers including slaughtering of Sepoy Raj to build communication between the countries and lim- Speaking on the occasion, Chairman Atomic province which can prove of great help for ensuring
Energy Commission Muhammad Naeem said the
Wali of Frontier Constabulary and causing injuries to 19 iting public statements, which "don't work well in the Commission has been given a target of 8800 MW of economic stability of the people.
nuclear power till 2030. He said to achieve this tar-
others. The convict admitted his offences before the region." get, planning for establishment of more plants have He appreciated the management of the University of
been done and places identified and research work in
Magistrate and the trial court. He was awarded death Speaking on the ties between the US and Pakistan, this regard is going on. Agriculture Peshawar for conducting broad based

sentence. Sameer Lalwani, deputy director of the South Asia He said three plants have been planned, out of research in various fields of studies and emphasized to
which one will be established in Chashma and two in
The convict Saif Ullah son of Naseeb Hussain was a Program at the Stimson Center, said that although the Muzaffargard. He said necessary skill has been bring more improvement. The Governor urged the
acquired to prepare fuel for nuclear power plants and
member of proscribed organization. He was involved in United States has slashed aid to Pakistan, Washington in Chashma land has been acquired for fuel fabrica- University administration to ensure utilization of funds
tion plant. He said presently fuel for Chashma
killing of innocent civilians and attacking Law still needs a working relationship with Pakistani author- power plants are being imported from China. with transparency and in accordance with financial

Enforcement Agencies of Pakistan, which resulted in ities, the USIP statement on the discussion said. Minister for Water and Power Khawaja action plan.
Muhammad Asif, Advisor to Prime Minister on
death of Assistant Sub Inspector Fareed Khan and a The U.S. needs Pakistani cooperation on intelligence, Foreign Affairs Sartaj Aziz, and Minister of State for Earlier the vice chancellor of the university briefed the
Water and Power Abid Sher Ali were also present on
police constable and also caused injuries to another homeland security and counter-terrorism, the fight the occasion. meeting regarding administrative, research, curriculum

police constable. against Islamic State (ISIS) extremists, and stabilizing Prime Minister Nawaz Sharif Wednesday inaugu- activities of the university. - NNI
rated the Chashma-III nuclear power plant that will
He was found in possession of explosives. The convict Afghanistan, he said. add 340 MW watt electricity to national grid. No #13 Continued from page 8

admitted his offences before the Magistrate and the trial The new administration needs to consider what prob- The Prime Minister performed the inauguration by
unveiling a plaque at a special ceremony held at the
court. He was awarded death sentence. lems the next India-Pakistan crisis could present to U.S. Plant. against the government that party's leadership made on

The convict Bilal Mehmood son of Qari Mehmood Ul policymakers, Toby Dalton, the co-director of the Chashma-III Power Plant is yet another milestone Tuesday in an address in Garhi Khuda Bakhsh.
in the Pak-China joint collaborations. Officials of
Hassan was a member of proscribed organization. He Nuclear Policy Program at the Carnegie Endowment for China National Nuclear Corporation were present. Tareen also let it out that show-cause notices were sent

was involved in attacking Law Enforcement Agencies of International Peace said. He said it was critical that the The Plant Manager Riaz Khaliq Ansari briefed the to chairmen of PTI who allegedly voted for Pakistan
Prime Minister about various aspects of the plant.
Pakistan, which resulted in death of 2 police constables United States maintain intelligence ties with each coun- Muslim League-Nawaz (PML-N) in local government
The Prime Minister was apprised that this was the
and injuries to 4 others. try, apart from any other issues in its relations with them. third project after successful operation of Chashma- elections. He also announced to take action against those
I and Chashma-II projects, which were fully opera-
He was also found in possession of explosives. The Sadanand Dhume, a fellow at the American Enterprise tional and producing 325 and 340 MW respectively. who were erecting banners in the city against the

convict admitted his offences before the Magistrate and Institute said that the U.S. effort to forge tighter bonds Chashma-IV Nuclear Power Project to be complet- Member of Provincial Assembly (MPA).
ed in 2017 and Karachi Nuclear Power Projects K-2
the trial court. He was awarded death sentence. with India while ignoring India's concerns about and K-3 will add a total of 8, 800 MW electricity to A committee was formed to probe the issue and a
the National Grid by 2030 as Mid-Term target for
The convict Sartaj Ali son of Bakht Afsar was a mem- Pakistan is "a circle that can no longer be squared". Pakistan Atomic Energy Commission. report would be forwarded to Chairman of PTI, Imran

ber of proscribed organization. He was involved in pro- Indian Prime Minister Narenda Modi won election in All Nuclear Power Projects, including Chashma- Khan, Jahangir Tareen said. - NNI
III have been approved by Pakistan Nuclear
viding funds to the terrorists for terrorist activities. He 2014 in part by running as a nationalist who would not Regulatory Authority for Nuclear Safeguards as per No #14 Continued from page 8
International Atomic Energy Agency (IAEA) agree-
admitted his offence before the magistrate and the trial be pushed around by Pakistan, Dhume said. ments thereby maintaining highest safety standards.

Anything that erodes Modi's image as a strong leader The project will provide clean and affordable ener- He said "Our mission has gone to every corner of
gy to the people of Pakistan in line with the present
court. He was awarded imprisonment for life. will become a political liability as India moves toward Government vision to control energy crisis. Morocco for highlighting our products by holding Trade

Mehmood Khan son of Bakht Buland was a member its next parliamentary elections in 2019, and so "India is The project will also contribute to the overall eco- and Business roadshows in every major city and I regu-
nomic development of the country through energy
of proscribed organization. He was involved in kidnap- becoming much more hawkish in its public opinion and supply to industrial and commercial sectors. - NNI larly meet and brief all the chambers of commerce and

ing a Chinese engineer for ransom. The convict admitted its politics," he said. top importers and business leaders".

his offence before the magistrate and the trial court. He The India-Pakistan conflict has never been a priority He said, "Morocco was an important country for

was awarded rigorous imprisonment for twenty years. in U.S. foreign policy and it's unlikely to become one for Pakistani exporters as it was the gateway to Africa and

The convict Fazal e Ghaffar son of Aqil Khan was a the Trump administration, the analysts agreed. in particular West Africa and these markets were full of

member of proscribed organization. He was involved in Despite the United States "vital interest in averting any potential." "Africa is being called the new Asia, by 2050

attacking Police Station Shamozai during which police escalation of nuclear threats between the two countries, the population of this continent will reach 4 billion and

officials and Frontier Constabulary soldiers were it has done little long-term planning to prevent it and Pakistan cannot ignore Africa anymore," he added.

abducted from the said police station. generally engages the issue only when crises arise", The Ambassador said, "For this reason he had pro-

He admitted his offence before the magistrate and the Chaudary said. posed to the government to hold a 'Pakistan-Africa

trial court. He was awarded rigorous imprisonment for The India-Pakistan experts suggested that the next Summit' in Islamabad during 2017."

twenty years. - NNI administration would do well to bring new focus and "This is all the more relevant in the backdrop of China

No #2 Continued from page 1 coherence to U.S. policy. Pakistan Economic Corridor (CPEC)," he added.

The solutions for conflicts dividing India and Pakistan Ambassador Chaudhri was hopeful that the long

Reforms will head the Chinese side. are well known, Moeed Yusuf, USIP's associate vice delayed Joint Ministerial Commission (JMC) meeting

The chief ministers of all provinces are expected to president for Asia programs said. between Pakistan and Morocco would be held soon after

attend the meeting on the invitation of Federal Acknowledging the difficulties of bringing India and the formation of the new government in Rabat

Government. Pakistan to any agreement, he asked, "Is it really impos- (Morocco). "We have a long agenda of turning MoUs

According to official sources, China will provide one sible? At the end of the day, normalization solves every- into agreements and negotiating easier term for our

billion dollars to Pakistan in the ongoing week for com- one's problems," he added. - NNI exporters," he said.

pletion of three projects. The amount will be spent on No #5 Continued from page 1 "High level bilateral visits are also expected in 2017

construction of three additional highways related to momentum to continue as market sees further gains on and all of this would place our bilateral relations with

western route of CPEC. - NNI possible end-of-year window dressing. Morocco in a much higher orbit," he opened. - NNI

No #3 Continued from page 1 The advance to decline ratio in the broader market No #15 Continued from page 8

Last month, a trade convoy organized by the two remained in favour of bulls. Out of 407 scrips, 231 and finally approval for the plea bargain was submit-

countries successfully passed through the western part scrips advanced, 158 declined while the value of 18 ted before the Honorable Accountability Court for

of Pakistan for the first time from the north to the south, scrips remained intact. approval.

proving the connectivity of local roads and the realiza- The ready market volume increased by 37.50 per cent He chairman said that the NAB since its inception has

tion of the concept of "one corridor with multiple pas- to 273.09 million shares as compared to 198.61 million so far recovered 285 billion rupees and during the recent

sages" under the CPEC. shares traded on last trading day. time it has recovered 45 billion rupees. - NNI

Meanwhile, Gwadar Port also marked its first export K-Electric Limited topped the list of actives, improved No #7 Continued from page 1

by Rs 0.05 at Rs 9.25 on 21.98 million shares, followed No #16 Continued from page 8

of massive containers to overseas destinations in by Dewan Cement Limited enhanced by Rs 1.78 at Rs raise punishment for robbery by two years to five years.

November, showing that the port's designed handling 39.01 on 18.90 million shares and Bank of Punjab Harsh words were exchanged between Chairman Standing officials on Afghanistan this week, the editorial com-

capacity has been restored. decreased by Rs 0.02 at Rs 17.56 on 13.43 million Committee and MQM-P lawmaker Salman Baloch on mented this 'indicate much more is changing in the

"Since the commencement of the CPEC, 2016 is the shares. Forced Eviction Bill during the meeting. - NNI region than just the alignment of highways and tunnels'.

year when we have seen a project completed or start Other actives were Sui Northern Gas Pipeline No #8 Continued from page 1 "India cannot afford to be blindsided by their involve-

working. In addition to the Gwadar Port operations, descended by 0.45 at Rs 78.59 on 13.10 million shares installation of compression plant by TPSG/GENCO- ment with the OBOR project and Chinese plans. CPEC

Prime Minister Nawaz Sharif also inaugurated a number and Fauji Cement Company Limited recovered by Rs is no longer a project in Pakistan, but one that runs

of others projects in the country, especially in some 0.94 at Rs 43.06 on 11.30 million shares. II and allocation of additional up to 26 MMCFD avail- through it, a project that will link 64 countries," reads

routes in the western part of the CPEC. There are at least The overall market capitalization improved by Rs able gas from HRL reservoir to M/s Engro Fertilizer the editorial of The Hindu.

39 projects, the majority of them related to energy, 106.26 billion to Rs 9.517 trillion against Rs 9.411 tril- Ltd's old plant for continuation of the plant. So far, the Indian government has not responded to

where obvious progress has been seen during 2016," lion observed on last trading day. The meeting recommended the proposal of the the offer extended by the Pakistani general but the case

Saeed Chaudhry, director of the Islamabad Council for Hammad Aman, Manager Equity Sales, Topline Federal Board of Revenue (FBR) for extension of the made by its media is a stellar one. Quoting the editori-

International Affairs, told Xinhua in a recent interview. Securities Ltd. said banks led the rally at the bourse period of applicability of existing reduced withholding al, "CPEC is no longer a project in Pakistan, but one

today as index gained 504 points or up by 1.06 per cent that runs through it, a project that will link 64 coun-

Chaudhry's remarks include the second phase of to close at 47,424 levels. HBL and MCB led the index tax rate of 0.4 percent for non-filers of income tax tries." - NNI

upgrading the Karakorum Highway from Havelian to by contributing 85 points to the gain and were up by 1.5 returns from January 1, 2017 to March 31, 2017.

Thakot and the highway linking Pakistan's largest cities per cent and 2.4 per cent respectively. Power tariff cut in The Finance Division apprised the ECC that State No #17 Continued from page 8

of Karachi and Lahore. Both of the two highways have fuel price adjustment also led interest in cements and Bank of Pakistan's (SBP) principal debt amounting effective legislative measures are required to be taken

been smoothly implemented and for the former, the textiles. SNGP announced EPS of 2.21 Rs /share which Rs 54.460 billion outstanding against Zarai Taraqiati up to curtail this practice.

Abbottabad Tunnel construction project has begun and were in line with expectations. Stock declined by 0.7 per Bank Limited (ZTBL), as on December 31, 2015, is The Committee was attended by Senators

seen substantive progress. cent. SNGP was among the volume leaders with 13mn being converted into redeemable preference shares Muhasmmad Mohsin Khan Leghari, Kamil Ali Agha,

In terms of the energy field, China is helping boost shares traded. Overall, volumes increased by 37 per cent Osman Saifullah Khan and Mohsin Aziz besides

green, low-carbon and sustainable energy development to 273mn shares, while value rose by 49 per cent to carrying a profit of 7.5 percent per annum, Secretary Ministry of Finance and senior officers of the

to address power shortage in Pakistan. Rs16.4bn/US$157mn. redeemable in 10 years in one bullet payment on relevant departments. - NNI

Several wind power farms and hydropower stations Nestle Pakistan Limited and Sanofi Aventis Limited December 31, 2025.

are under construction and the eye-catching Port Qasim remained the top gainer by Rs 433.20 and Rs 123.37 to In this regard, the ECC of the Cabinet approved No #18 Continued from page 8

close at Rs 9,145.71 and Rs 2,590.87 respectively, while issuance of guarantee of Rs 54.460 billion by the from the menace of corruption.

coal-fired power project in Karachi, which adopts a Wyeth Pakistan Limited and Millat Tractor Limited were Government of Pakistan in favour of SBP for principal Through another resolution, the Shoora demanded

costly method to lower the temperature of the seawater among the major loser which lost Rs 110.24 and Rs 16.47 immediate withdrawal of the Sindh Assembly law

used to cool the generating units in order to prevent to close at Rs 4,605.76 and Rs 872.64 respectively. debt of the preference shares and returns thereon.

them from heating up water temperature around the No #6 Continued from page 1 ECC also decided that the Ministry of Commerce restricting change of religion for being repugnant to the

coast, is expected to be completed ahead of schedule and should ensure that there are adequate checks and bal- Shariah and a violation of the constitution and basic

play its role in addressing Pakistan's electricity shortage. efficient plants in the country providing more than ances available to maintain the price stability in the human rights. The Shoora condemned the renaming of

"We are not coming only for big projects, we are here 600 MW of electricity to the national grid. domestic market at the current level. the Physics Department of the Quaid e Azam University

to help countries, such as Pakistan, to plan and design Nawaz Sharif appreciated Pakistan Atomic Energy In case the domestic price stability is disturbed, Islamabad as Dr Abdus Salam Centre of Physics terming

their future energy development blueprints so as to Commission (PAEC) for its efforts for self-reliance Commerce Ministry would bring Summary to consid- it a pro-Qadyanis move and demanded its immediate

address problems they are facing and to make the proj- in fuel fabrication and said his Government would er cancelling the export permission to sugar exporters. withdrawal.

ects a reality," Yan Zhiyong, chairman of the Power extend every possible assistance to the Commission Unlike previous years, the ECC of the Cabinet The JI central body also called for determining the

Construction Corporation of China, which is charged to help overcome the shortage of electricity in the women rights and their social status in line with the

with the construction of the Port Qasim coal-fire power country. decided that there will be no freight / export rebate teachings of the Holy Quran and the Sunnah and the

project, told Xinhua earlier. The Prime Minister referred to the generation tar- payable by the Government to sugar exporters on such international law. It called for immediate withdrawal of

According to Bilal Khan, a senior economist at get of 8800 MW of nuclear energy by 2030 and exports. the bill concerning women rights adopted by the Punjab

Standard Chartered Bank (Pakistan) Ltd., due to the urged the Commission to accept the challenge of Furthermore, only those mills will be allowed to Assembly for being un-Islamic and an attempt to demol-

enhanced infrastructure such as roads and railways producing more than the target and play its full role export which have cleared outstanding dues of farmers ish the Islamic family system.

brought by the CPEC, the gross domestic product (GDP) in the development of the country. relating to the last season and have started crushing at It also demanded that a comprehensive plan be pre-

growth should increase from around 4.7 percent last He said there has been marked reduction in load full capacity. - NNI pared for women and child welfare in the light of the

year to around 6 percent by 2019, and stay around the shedding during the last three years and as pledged, teachings of the Quran and the Sunnah, in order to free

same level for 2020 in the southern Asian country. the menace of load-shedding would be over in 2018. No #9 Continued from page 1 the womenfolk from exploitation and injustice as also to

"The CPEC itself for Pakistan at a bare minimum He said generation of additional 2200 MW of elec- "The two-state solution is the only way to achieve a end the negative effects of the western as well as local

offers a significant opportunity for the country to tricity through K-II and K-III would contribute just and lasting peace between Israelis and Palestinians," culture and traditions. It stressed that the cases of rape

address its supply side constraints such as weak foreign towards this effort. Kerry said, but warned that solution was in "serious and molestation of women and children be also tried by

capital inflow," Bilal Khan told Xinhua earlier, adding The Prime Minister urged PAEC to take all possi- jeopardy". the anti-terrorism court. - NNI

that the CPEC will attract foreign direct investment from ble measures to strengthen safety of existing and However, hinting at the recent development in the UN No #19 Continued from page 8

both private and public sectors to help keep a balanced future power plants as per international standards. meeting US president-elect Donald Trump in his latest While reviewing the proposals for AJK Budget 2016-

current account in Pakistan against a backdrop of He expressed satisfaction that Pakistan Nuclear tweet said that the United States "cannot continue to let 17, the Finance Minister said that the present govern-

rebounding oil prices. Regulatory Authority has an effective mechanism to Israel be treated with such total disdain and disrespect". ment has always prioritized the welfare requirements of

"Before the CPEC, Pakistan's economy was feeble and ensure safety of all plants. No #10 Continued from page 1 AJK. He emphasized that successful and timely imple-

stagnant, and investors, even ones of Pakistan origin The Prime Minister thanked China for extending Members Bills, some of them were approved. mentation of development projects in AJK should be

were reluctant to invest in it, but right now the econom- cooperation in nuclear field and said the two coun- Committee also discussed issue of approval of Arms ensured.

ic indicators of Pakistan have turned positive, investors tries are also actively cooperating in many other Licenses to Members of National Assembly (MNAs) The meeting was attended by senior officials of the

from around the world are flocking to Pakistan, and the areas including construction of roads, motorways, and general public. Ministry of Finance. - NNI

country's economy has been given new life and is boom- airports and up gradation of Pakistan Railways. Secretary Interior responded and apprised Committee No #20 Continued from page 8

ing and full of future prospects. Pakistan's main issue is He said many projects have been initiated under that recommendations had been prepared in this regard, It said that Pakistan's equities have had a number of

shortage of revenue and unemployment, but the CPEC CPEC and their impact is now visible. He said all which will be finalized by the end of next month. - NNI things going their way, like an improving macroeco-

will provide solutions for the both," Chaudhry also these projects are being implemented speedily and No #11 Continued from page 1 nomic environment, rising economic growth and falling

pointed out. this would result in overcoming challenges of unem- According to details, Ghulam Ali alias Goli revealed inflation and interest rates.

The professor also said that further afield, from Russia ployment, poverty and backwardness besides accel- that the plan of setting Baldia factory ablaze was The Article said that economy grew close to 6 percent

to central Asian states to Sri Lanka, the CPEC will bring erating the pace of socio economic development. He hatched at Baldia sector office ground. in 2016, up from 4.8 percent in 2015, with inflation run-

a change to the countries' economies and to the lives of said projects under CPEC would also bring all Ghulam Ali alias Goli also testified in his confession- ning around 4 percent, down from 10 percent four years

more than 3 billion people living in this region. regions of the country more closer. al video that on the day of the incident, Kalo Dada asked ago. - NNI

8 Thursday, December 29, 2016

KSE-100 Index Agriculture canJhagra tells Agri University Senate
play pivotal
Opening 46,920.47 role in boosting
Closing 47,424.63 economic uplift
Change
% Change 504.16
Turnover (mn) 1.07

273.09

Active Issues 231
158
Plus
Minus 18
Unchanged

Top 5 Volume Leaders

Symbol Close Vol (mn) PESHAWAR: Governor agenda of further streamlining

KEL 9.25 21.98 Khyber Pakhtunkhwa Engr. the working of the institution
DCL 39.01 18.90
BOP 17.56 13.43 Iqbal Zafar Jhagra has said that was discussed.
SNGP 78.59 13.10
FCCL 43.06 11.30 agriculture is the backbone of The meeting besides others

the national economy which was also attended by Provincial

Major Gainers can play a pivotal role in boost- Minister for Agriculture, Ikram

ing up economic development Ullah Gandapur, Vice

Symbol Close Change of the country. Chancellor Agriculture

NESTLE 9,145.71 433.20 It is the responsibility of the University, Prof. Dr. Zahoor
SAPL 2,590.87 123.37
PAKT 1,300.00 55.40 Agriculture University and Swati, Secretary Higher
PKGS 838.16 24.49
SCL 559.99 other relevant institutions and Education, Secretary
24.49
Major Losers departments to introduce such Agriculture, Principal

ISLAMABAD: Newly appointed Director General ISI, Lt. Gen. Naveed Mukhtar called on President Mamnoon Hussain at the scientific advancements which Secretary to Governor, repre-

Aiwan-e-Sadr, here on Wednesday. — APP photo can further ameliorate research sentatives of Higher Education

Indian media advises President based activities in agriculture Commission and members of
govt to join CPEC lauds ISI role
in eliminating sector. the senate of the university.

Symbol Close Change This, he said, while presiding The Agriculture University,

WYETH 4,605.76 -110.24 over the Senate meeting of the the Governor said can play a
MTL 872.64 -16.47
NRL 562.37 -12.31 Khyber Pakhtunkhwa's vital role in the development of
POML 321.00 -10.00
MARI -9.53 University of Agriculture here agriculture sector of the
1,384.04
Wednesday wherein lengthy See # 12 Page 7

Sector Updates NEW DELHI: After Lt Gen that way and advised its gov- thwarted India's efforts to terrorism PTI will establish

Aamir Riaz, commander, ernment to become a part of the become a member of the ISLAMABAD: President govt in Punjab
Mamnoon Hussain has lauded
FERTILISER Southern Command, suggested initiative which was com- Nuclear Suppliers Group. the role of ISI in eliminating
terrorism from the country.
000 tonnes the Indian government to shun menced in 2015 by Pakistan According to The Hindu, not
He was talking to Director
enmity and join the China- and China. only China but another impor- General ISI, Lt. General soon, says Tareen
Naveed Mukhtar who called on
Urea Offtake (Jan to May 14) 2,047 Pakistan Economic Corridor a For one, the Indian media has tant player in the region, Iran him in Islamabad on
Wednesday.
Urea Offtake (May 14) 408 few days ago, the Indian media highlighted the role of China as has expressed the desire for
The President expressed the
Urea Price (Rs/50 kg) 1,827 advised its government to a global power and its efforts in Gwadar to be a 'sister port' to hope that the Agency will come
up to the expectations of the
DAP Offtake (Jan to May 14) 342 become a part of the project redrawing the whole One Belt Chabahar. Not only that, sever- nation in defeating the nefari- FAISALABAD: Secretary besides the Supreme Court
ous designs of enemies. General of Pakistan Tehreek-e- (SC). He said that PTI is a polit-
DAP Offtake (May 14) 108 rather than oppose it. One Road initiative of China al Central Asian states such as Insaf (PTI), Jahangir Tareen ical party that has a vision and
Mamnoon Hussain congratu- has asserted on Wednesday that does not accommodate persons
DAP Price (Rs/50 kg) 3,551 Also on Friday, a Chinese along Central Asia, just to Turkmenistan and others want lated Lt. General Naveed the political party would soon who work for their interests.
Mukhtar on becoming the head have the government in Punjab.
AUTOMOBILE ASSEMBLER foreign ministry official said incorporate Pakistan's interests. to see Gwadar developed as an of the leading Intelligence He alleged the government of
Agency of the country. - NNI He addressed the media dur- attempting to suppress the
the CPEC is an "open initia- India has been unsuccessful in important port through which ing his visit to Faisalabad Panama Leaks issue but PTI led
Dar reviews Wednesday to sort out alleged the issue to the SC.
PAK SUZUKI MOTOR tive" of its One Belt One Road pinning Pakistan down as far as goods can move through proposals of differences among party's candi-
AJK Council dates over local body elections. Secretary General of PTI
Units project, but it would consider terrorism is concerned, with Pakistan to the Chinese city of demanded Pakistan People's
On the occasion, Tareen Party (PPP) to explain the
Production (July 13 to May 14) 69,257 the possibility of other coun- China blocking India's efforts Kashgar. announced to fight Panama announcement of long march
Leaks case in 'people's court'
tries joining it through consen- time and again to accuse Noting the importance of the See # 13 Page 7

Sales (July 13 to May 14) 69,866 sus with Pakistan. Pakistan of extending support meeting in Moscow among

Production (May 14) 6,503 The Hindu, a renowned to terrorist groups. Russian, Chinese and Pakistani

Sales (May 14) 6,993 Indian English daily also saw it Also, it was China which See # 16 Page 7

INDUS MOTOR CO Senate body suggests across

Production (July 13 to May 14) 31,880

Sales (July 13 to May 14) 32,498 Exports to Morocco

Production (May 14) 3,110 the board amnesty scheme

Sales (May 14) 2,917

HONDA ATLAS CAR for budget rise by 81% in Q1

Production (July 13 to May 14)20,983 ISLAMABAD: Senate Khan said the scheme is open assurance by the Secretary ISLAMABAD: The Federal
Minister for Finance, Senator
Sales (July 13 to May 14) 21,002 Standing Committee on ended. "It should be time bound Finance to settle the donations Mohammad Ishaq Dar, chaired over the last year
a meeting here today to review
Production (May 14) 2,286 Finance and Revenue has rec- and there should be some carrot amounting to Rs. 332.142 mil- proposals of the Azad Jammu
& Kashmir (AJK) Council
Sales (May 14) 2,260 ommended across the board and stick policy in this regard", lion for debt retirement where- for the AJK Budget 2016-17.

BANKING SECTOR amnesty scheme instead for Senator Osman Saifullah Khan as circulars would be issued to The Finance Secretary
briefed the Finance Minister on
Real Estate as the Federal proposed. the Banks for clearance of Rs. the proposals of the AJK ISLAMABAD: Pakistan's mention the sectors that have
Government and apprised the exports to the North African shown improvement it was
Scheduled bank (Rs in mn) Board of Revenue (FBR) has The Committee also dis- 470.659 million on account of Minister on matters related to country of Morocco have regis- widely believed that efforts of
the AJK budget for Financial tered an increase of 81 percent Pakistan's Ambassador to
Deposit (June 13, 14) 7,808,682 faced criticism and different cussed in detail the issue of Qarz-e-Hasna. Year 2015-16 as well as from July-October 2016 over Morocco Nadir Chaudhri to
Financial Year 2016-17. the corresponding period last diversify exports from tradi-
Advances (June 13, 14) 3,789,443 sectors were demanding same Qarz-e-Hasna barrowed by the The Committee was informed year, a State bank of Pakistan's tional sectors have borne fruit.
See # 19 Page 7 report said.
Investments (June 13, 14) 4,103,575 treatment. Government from different by the State Bank of Pakistan Talking to media from Rabat,
'Forbes' lauds According to the report, this Ambassador Chaudhri said, "It
Senator Saleem Mandviwala segments in connection with that a draft amendment is being Pakistan's was the highest increase in was the directives and guidance
economic exports to any country this year of Prime Minister Muhammad
Spread (May, 14) 6.11% chaired the meeting of the Qarz Uttaro Mulk Sanwaro proposed to declare sale of progress at a time when Pakistan's over- Nawaz Sharif that had led to
all exports have fallen. increase in exports."
OIL MARKETING CO Committee expressed their con- Scheme and the policy adopted bank notes on premium as a ISLAMABAD: Pakistan's
stock market has rapidly Although the report does not See # 14 Page 7
(000 tons) cerns over the matter and called by the Government to retire the punishable offence. The improved during recent years.

MS (July 13 to Apr 14) 3,107 for equal treatment. said qarz. Committee recommended that This was stated by an interna-
tional magazine "Forbes" in an
MS (Apr 14) 308 Senator Osman Saifullah The Committee was given See # 17 Page 7 article.

Kerosene (July 13 to Apr 14) 130 JI Shoora for SC larger It said that the country's
main KSE index has gained
Kerosene (Apr 14) 13 close to 400 percent since
2009, and 40 percent this year
JP (July 13 to Apr 14) 610 alone leaving neighbouring
markets in the dust.
JP (Apr 14) 68 NAB performs duties
See # 20 Page 7
HSD (July 13 to Apr 14) 5,358 bench for Panama probe

HSD (Apr 14) 548

LDO (July 13 to Apr 14) 32 within domain of

LDO (Apr 14) 3

Fuel Oil (July 13 to Apr 14) 7,563

Fuel Oil (Apr 14) 675 ISLAMABAD: The central the Supreme Court larger bench family members along with the constitution: Qamar
Shoora of the Jamaat e Islami, within a specified period so that details of these remissions and
Others (July 13 to Apr 14) 31 has desired that a larger bench it did not meet the fate of the taxes paid.
of the Supreme Court should previous Commissions includ-
Others (Apr 14) 4 carry the Panama leaks case ing the Hamoodur Rahman It demanded that a new law pro-
against the Prime Minister and Commission, etc. viding for the setting up of
PRICES (Ex Refinery) Rs his family to its logical end, but Commission for Enquiry and Trial
if the court felt the need for set- The Shoora demanded that as already passed by the Senate be
MS (1 May 14) 73.57 ting up an enquiry commission, the Prime Minister stopped dis- also passed by the National ISLAMABAD: Chairman looters and plunderers and it
MS (1 Apr 14) 73.95 orders in this regard should also charging his official duties so Assembly in the light of the direc- National Accountability Bureau returned to the coffer.
MS % Chg -0.51% be issued without further delay. that the dictates of justice were tives of the Supreme Court. Qamar Zaman Chaudhry has
Kerosene (1 May 13) 73.88 fulfilled. It further demanded said that NAB is performing its He said that under Section
Kerosene (1 Apr 14) 75.97 A resolution adopted by the that Prime Minister should per- The Shoora also exhorted all duties within the domain of 25-B of Accountability
Kerosene % Chg -2.75% Shoora chaired by the JI sonally present to the court/ political parties to extend full constitution and the provision Ordinance, every criminal is
JP-1 (1 May 14) 74.14 Ameer, Senator Sirajul Haq, commission, the details of his cooperation to the court/ of the plea bargain exists in the bounded to place a request for
JP-1 (1 Apr 14) 76.24 said that the enquiry commis- assets within the country and enquiry commission in this task laws of the country. plea bargain for settlement of
JP-1 % Chg -2.75% sion should submit its report to abroad besides the assets of his in order to free the homeland case and the request is thor-
JP-8 (1 May 14) 73.88 Talking to media in oughly reviewed.
JP-8 (1 Apr 14) 75.97 See # 18 Page 7 Islamabad on Wednesday, he
JP-18 % Chg -2.75% said that the plea bargain He said that opinions of the
HSD (1 May 13) 79.47 helped recover money from the law experts ware also sought
HSD (1 Apr 14) 83.28
See # 15 Page 7

Dhiyan Hold your horses for now Ghulam Raza Rajani

Haji Ghani Haji Usman Mohsin Ahdi

Chairman, Demutualization Committee Director, Alfa Ahdi Securities

Market is expected to attain further positivity of 100 to As the calendar year end is approaching market is

300 points. Sale of 40 per cent shares of PSX to Chinese expected to remain in volatile phase. Index wise posi-

consortium would attract more and more investor this tivity might continue but it would not truly reflect in

would boost market further. Discount rate is at its all time overall participation and sectors. Boom in global crude

low rate this would attract further investors to equity trad- oil prices would help boost local oil scrips as well as

ing. Stable Dollar would support the overall progress of the index. Pharma, cement and auto sector looks weak.

market. Investors should avoid from margin trading. Today Investors are advised to refrain from fresh investment

market looks positive. and wait for the start of calendar year 2017.

Printed & Published by Shakil Haider Jafri at KK Printers for Data Research Communication, 111-C, Jami Commercial Phase VII, DHA Karachi.