International

US postpones high-level meeting with PakistanMalik says no diplomat can carry arms See Page 8

Pak proposes steps for UN reformation See Page 8

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Yearly(Jul, 2010 up to 11-Feb-2011)

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3093

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0.80

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1.24

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$323.6mn

-4.69%

4.10%

$1,051

175.15mn

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1.70

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110.32

148.33

42.43

36.06

37.05

T-Bills (3 Mths)

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12-Feb-2011

12-Feb-2011

12-Feb-2011

12-Feb-2011

12-Feb-2011

12-Feb-2011

13.53%

13.69%

13.86%

14.00%

13.35%

13.62%

13.77%

14.14%

14.26%

14.21%

14.24%

14.26%

14.61%

14.78%

14.97%

Money Market Update

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RAHIM YAR KHAN: Prime Minister Syed Yousuf Raza Gilani

inaugurating sui gas project for Kot Samaba.-APP

Karachi, Sunday, February 13, 2011, Rabi-ul-Awwal 9, Price Rs12 Pages 8

Shazia Marri urges tostep up relief efforts

See on Page 2

ISLAMABAD/LONDON: Anti-ter-ror court Saturday issued an arrestwarrant for exiled former presidentPervez Musharraf in connection withthe 2007 assassination of BenazirBhutto, officially implicating him forfirst time in the death of the formerprime minister and rival, Benazir.

Bhutto, who was an opponent ofMusharraf's rule, was killed in a gunand suicide bomb attack after an elec-tion rally in the city of Rawalpindi onDec 27, 2007, weeks after shereturned to Pakistan following years inself-imposed exile.

"The court has issued an arrest war-rant and asked that he (Musharraf)should be produced before the courtduring the next hearing on February19," said Musharraf spokesmanMohammad Ali Saif, adding thatMusharraf is accused of not providingadequate security for Bhutto.

"There is a frivolous allegation, abaseless allegation that he wasinvolved in the assassination ofBenazir Bhutto."

Saif said Musharraf would cooper-ate with the judiciary if asked to

recount his version of events, but didnot say if he would appear in court.

Prosecutor Chaudhry Zulfiqar Alisaid the warrant had been issued onthe recommendations of a joint inves-tigation team which "had attached evi-dence" against Musharraf anddeclared him an absconder. He did notelaborate.

Shafqat Mahmood, a political ana-lyst, described the arrest warrant as a"symbolic gesture" that would have noimpact on Pakistani politics.

"Nothing is happening. Musharrafactually doesn't mean much inPakistani politics. We are making toomuch of him," he said.

A UN report said no one believedthe 15-year-old suicide bomber whokilled Bhutto acted alone, and the fail-ure to examine her death effectivelyappeared to be deliberate, but thecommission did not say who itbelieved was guilty.

The warrant for Musharraf's arrestfollows a similar court order inDecember for the arrest of two seniorpolice officers on allegations theyfailed to provide adequate security for

Bhutto before her assassination.Lawyers say if he were to return to

Pakistan Musharraf could face a See # 8 Page 7

Court orders toarrest Musharraf

APML spokesman says legalities ignored in issuing warrant

NEW YORK: India'smove to resume talkswith Pakistan on all out-standing issues was a"conscious decision",

external affairs ministerS M Krishna said, addingit was "necessary" forboth sides to also discussAfghanistan.

"It is a conscious deci-sion that was made,"Krishna, who arrived

here on Thursday on atwo-day visit, said.

Krishna, who is here onhis first visit to the UnitedNations after India

became a non-permanentmember for a two-yearterm last month, said:"We will have to sort outall the outstanding issuesbetween our two coun-tries."

See # 11 Page 7

RAHIM YAR KHAN: Prime MinisterSyed Yousuf Raza Gilani on Saturdaysaid that the politics of reconciliationshould not be thought as a weakness.

During his address in Rahim YarKhan, PM Gilani said that PunjabChief Minister has authority to sum-mon rangers in the province.

He also said that Punjab CM shouldtake steps to curb terrorism, extremismand the incidents of kidnapping for ran-som in the province.

No country can move forward with-out maintain peace and law and order,he added.

Prime Minister asked the Punjabgovernment for necessary measures tocheck growing incidents of kidnappingfor ransom, and offered to deployRangers for assistance.

Gilani, who is here on a day-long

visit to perform the groundbreaking ofseveral development projects forsouthern Punjab, in his address at apublic gathering, pointed to the grow-ing complaints of increasing incidentsof lawlessness, extremism and terror-ism and vowed to eradicate them.

He said if the Punjab governmentdesired, the federal governmentcould deploy Rangers for its assis-tance to clear the area of miscreants.He said the government would notallow anyone to create law and ordersituation.

He said all political parties wereunanimous on standing against thechallenge of terrorism and extremism.

He said all state institutions werestrong and were working for furtherstrengthening of the country.

See # 9 Page 7

Delhi says Isbdodges issues

Reconciliation,only way: Gilani

KARACHI: KarachiStock Exchange (KSE)has approved a revisedlist of 51 margin eligiblesecurities acceptable bythe Exchange and basedon eligibility criteria ofSECP for all markets.

According to KSE, theSecurity and ExchangeCommission of Pakistan(SECP) has accordedapproval to this revisedlist, effective fromMarch 14, 2011 as perregulations governingrisk management of theexchange.

KSE has advised mem-bers to replace theirsecurities deposited withthe Exchange which arenot included in revisedlist before March 14,

2011.These are ABL, AHC,

AHL, ACPL, AICL,ASBL, Amtex Ltd, ANL,APL, ATRL, BAFL,BAHL, BOP, BYCO,CPL, DGKhan, ECCL,EPL, FABL, FCCL,FFBL, FFC, GGL, HBL,HUBCO, ICI, JSCL,KAPCO, Lucky Cement,MCB, MTL, NBP, NCL,NML, NPL, NRL, NTL,OGDC, PEL, PRIL,POL, PPL, PSO, PTCL,SNGPL, SPL, SSGC,Thal, TCL, TRG andUBL.

KSE has also issuedthe list of 16 bankswhose bank's guaranteeswill be acceptable by theExchange.

See # 12 Page 7

Margin eligiblesecurities OKed

Davis Case

USA must

end bullying

Pak: MQMKARACHI: ChiefMuttahida QaumiMovement (MQM) AltafHussain said that Americashould stop threatening,dominating and pressuris-ing Pakistan in RaymondDavis case.

In a telephonic address atMQM headquarter 'NineZero' Altaf Hussain saidthat US should stop threat-ening Pakistan inRaymond case and wait forcourt decision because thecase is subjudice in court.

He said that first USshould release Dr Aafiathen we would appeal tothe victim family to for-give Raymond.

See # 13 Page 7

9 terroristskilled in

SwatSWAT: Security forceskilled nine terrorists dur-ing the operation againstterrorists in Matta andsurrounding areas ofSwat and seized heavyweapons on Saturdaymorning.

According to mediareports, on a tip off forceswere going to the Brosanarea for recovering theweapons which were hid-den by terrorist under themud. Meanwhile, terror-ist attacked at securityforces and tried to snatchthe weapons from securi-ty forces.

In retaliation, forceskilled both terrorists.

Besides, on the secretnews security forces

See # 10 Page 7

Governmentwill contact

Interpol, saysminister info

RAWALPINDI: FederalInformation Minister Firdaus AshiqAwan said that the governmentwould contact to Interpol for returnof former President PervezMusharraf in the country because heis nominated as accused in BenazirBhutto assassination case.

Talking to media after offering Duaat martyred site of Benazir Bhuttohere Saturday Federal InformationMinister Firdaus Ashiq Awan saidthat court directions would be fol-lowed and all possible cooperation

See # 7 Page 7

Wants deadlockmelted, says Pak

ISLAMABAD: Pakistan Foreign Secretary SalmanBashir Saturday said Pakistan wants a thaw in dead-lock between Pakistan and India and that it is thewish of both the nations to have peace and stabilityin the region, media reported. See # 14 Page 7

BB case: Ex-president told to appear on Feb 19

2 Sunday, February 13, 2011

TV PROGRAMMES

SUNDAY

Time Programmes7:00 News8:00 News9:05 I Samaa (Rpt)9:30 Taxi News (Rpt)10:10 The Reema Show

(Rpt)11:10 Awam Ki Awaz

(Rpt)12:00 News13:10 Faisla Aap Ka

(Rpt)14:10 Tafteesh (Rpt)15:00 News16:00 News17:00 News18:00 News19:30 i Samaa20:05 The Reema Show21:00 News22:03 Faisla Aap Ka23:05 Crime Week

KARACHI: SindhMinister for HumanRights, Ms.Nadia Gabol,paid a surprise visit to fourschools in the GadapTown here and expressedconcern at the condition ofthe buildings, absence ofteachers and lack of facili-ties etc.

An official of theDepartment said here onSaturday that she recom-mended action against the

staff found negligent ofduty. The Minister alsoasked the elected repre-sentatives of the area tohelp improve the condi-tion of the educationalinstitutions in their locali-ties.

She stressed that theshortage of teachersshould also be removed soas to ensure a smoothprocess of impartation ofknowledge -APP

Nadia visits

schools in Gadap

ISLAMABAD: TheDirectorate GeneralIntelligence &Investigation, FBR havefoiled an attempt to evadeduty/taxes worth millionsof rupees on importedgoods, says a press releaseissued here Saturday.

It said the DirectorateGeneral staff conducted araid and seized 15 con-signments of importedgoods worth about Rs 25million cleared byCustoms authorities with-out payment of actual dutyand taxes to the tune ofRs.12 million. FIRs havebeen lodged against the

importers, clearing agentsand the customs officialsinvolved in this attempt offraud.

According to details, thechairman FBR directed theDirectorate GeneralIntelligence &Investigation - FBR toenhance surveillance of allimporting stations. OnJan26 the DirectorateGeneral Intelligence &Investigation-FBR receivedinformation that some un-scrupulous importers wereinvolved in import andclearance of miscellaneousdutiable items from BOML(Off-Dock Terminal)

through gross mis declara-tion / non declaration ofdescription, PCT, quantityand value to evade hugeamount of custom duty andother taxes. Accordingly,the Directorate GeneralIntelligence &Investigation - FBR mount-ed surveillance anddetained 15 consignmentsof miscellaneous itemswhich were ready for deliv-ery after having beencleared by Model CustomsCollectorate (MCC),Appraisement, Karachi.These consignments wereimported by 13 commercialimporters. -Online

Bid to evade import

tax foiled by FBR

ISLAMABAD: FederalMinister for Science andTechnology Mir ChangezKhan Jamali has stressed theneed for making coordinatedefforts to achieve the set tar-gets in the field of scienceand technology.

He said it is time forbehavioural change toachieve the best possibleresults. He said, "We have tobring change and it is onlypossible through organized,integrated and systematic

approach."He said this in a briefing

on the first day of joining asMinister for Science andTechnology, here Saturday.Federal Secretary of theMinistry of Science andTechnology Irfan Nadeem,heads of all Wings and seniorofficers of the Ministry werepresent on this occasion.Secretary, Irfan Nadeemgave a detailed briefing tothe Minister about the func-tions of the Ministry and var-

ious organizations workingunder the Ministry. He alsoapprised the Minister of theircontributions in the nationaldevelopment.

Secretary also shared thefuture vision of the ministrywith the Minister andpledged for fulfilling theirduties with dedication by uti-lizing their expertise in a sci-entific manner. The Ministertook keen interest in theworking of the Ministry andits organizations. -APP

Jamali for promoting

science,technology sectors

Staff Reporter

KARACHI: SindhMinister for ElectricPower Shazia Marri hasstressed upon all con-cerned Government func-tionaries to collaborateefforts and boost up reha-bilitation work of floodaffectees by identifyinglands for construction ofhouses for which variousbrotherly and friendlycountries and donor agen-cies had assured for finan-cial assistance.

This she said in a reviewmeeting held under direc-tives of President Asif AliZardari, for the building ofhouses for people affectedby recent devastatingfloods, here at the commit-tee room of Planning andDevelopment DepartmentSindh on Saturday.

A statement said that theMinister for Housing AghaTaimoor, Advisor to SindhChief Minister for P & D,Kaiser Bengali, SpecialAssistant Zia ul Islam,Additional Chief SecretaryP & D Ishaq Lashari,Secretary HousingShahabuddin Channa,C h a i r m a n

People'sHousing Cell,Fasihuddin Khan and oth-ers attended the meeting.

The meeting wasinformed that as per avail-able data 173,000 houseswere destroyed in thesecatastrophic floods,whereas the DCOs of theseflood affected districts hadreported that constructionwork was going-on in theaffected districts by theGovernment and variousNGOs and provided datafor the same.

However, the partici-pants of the meeting wereof the view that the dataprovided by the DCOsneeded to be verified to getan accurate picture of whatwas achieved so far.

Shazia Marri and KaiserBengali informed the par-ticipants That brotherlycountry Turkey hadoffered the construction of2,000 houses while anoth-er brother Islamic countryIran had promised Rs.100million for the construc-tion of houses for floodaffected people but theland had yet not been iden-tified by the DCOs.

They further said thatthese satellite townships

will surely change the liv-ing culture of Sindh underwhich people in thesedowntrodden areas will getbasic facilities of life in amodern way, includingbetter education and healthservices but it wasobserved that the DCOshad to prioritize effort foridentification of landrequired for constructionof houses.

The participants of themeeting decided to com-municate to the officers atDistrict level to speed-upefforts for identifyingrequired land on urgentbasis for the constructionof houses for flood affect-ed people and ensure thatit was done on war footing.

Bengali informed thatthere was not enough gov-ernment land available inthe light of which themeeting further decided toacquire /purchase landwith ideal locations fromprivate owners if there wasno government land avail-able for construction ofhouses for people whowere affected by the recentfloods and the process becarried out in the mosttransparent manner.

Flood affectees

Shazia calls for

intensifying

relief efforts

Summit Bankagreement

KARACHI: SummitBank Limited (FormerlyArif Habib Bank Limited)has entered into an agree-ment with M/s ABBRecreations (Pvt.)Limited; owners andoperators of The RoyalRodale Club to offer itsclub membership topotential customersthrough a convenient andaffordable financing plan.

The most exciting featureof this financing plan is"0% Mark-up" which willenable potential customersto get the club membershipthrough staggered mem-bership fee payment with-out any additional cost. -NNI

Valentine Dayextravaganza

Staff Reporter

KARACHI: La-Perfumerie,leading chain of outlets inKarachi for renowned inter-national fragrances, cele-brates Valentine's Day thisyear with a grand celebrationat Forum Mall, Clifton fromFeb 11-1 5.

During this weekend fiesta,shoppers will get a chance tonot only try out LaPerfumerie's extensive rangeof products such as Azzaro,Paco Rabanne, CarolinaHerrera, Lalique, but theywill also be able to purchasepersonalized Valentine's giftpackages for their loved onespackaged with flowers fromZerritta Flowers, chocolatesfrom Butlers Chocolate Cafeand a whole range of othergifts.

On February 12, a galanight was hosted for the eliteof Karachi - for which ex-Naib Nazima Nasreen Jalilwas the Chief Guest. Alsopresent at the event, were theglitterati of the cosmopolitanincluding TV celebrityAdnan Siddiqi, designerSonya Battla, and CEOZerritta Flowers, SairaSaigol.

‘PR to follow

public-private

partnership’LAHORE: PakistanRailways General ManagerOperations MuhammadAshfaq Khatak onSaturday said that the rail-ways would be made self-reliant by following public-private partnership policy.

In an interview with APPhere, he said the PR admin-istration would operatepassenger and freight trainsin line with the policy,adding it was also offeringthe private sector to oper-ate trains according to thepolicy of open access.

Elaborating the openaccess policy, he said the PRwould provide tracks to theprivate sector on appropriatecharges and all other equip-ment including coaches andstaff to run trains.

He said the PR administra-tion had also offered the pri-vate sector to repair locomo-tives and the railways wouldensure reduction in freight tocompanies which repairedlocomotives.

The GM said the railwaywould invite the private sec-tor to participate in commer-cial activities like dry portsand provision of facilities onrailway stations. -APP

RCCIwelcomes

new cabinetR A W A L P I N D I :

Rawalpindi Chamber ofCommerce and Industryhas (RCCI) welcomed theformation of new cabinethoping that it will bringpositive revolution in thedevelopment of the nation.

It would help to curtailthe expenses of the govern-ment also and help gener-ate the national kitty.

This was stated by MianMuhammad AtiqueSheikh, Acting PresidentRCCI on Saturday.

Addressing the traderscommunity, ActingPresident said that this is aright decision of the gov-ernment to save the moneywhich was being wasted onextra expenses, this deci-sion will bring positiverevolution and prosperityas well as stable the nation-al economy , he added.

He said that governmentshould focus to promotethe Industry as it wouldhelp to generate the theemployment opportunities.He hoped that new cabinetwill focus on the revival ofindustry of the country.

He suggested that tradersshould be consulted formaking any decisionregarding the businessactivities and for the pro-motion of the industry, hemaintained.

Atique assured all kindof support to the govern-ment to uplift the industryand said business commu-nity will stand with thenew cabinet in decisionmaking in the best interestof the nation.-APP

ICAP seminar

on Risk

ManagementStaff Reporter

KARACHI: The SouthernRegional Committee of theInstitute of CharteredAccountants of Pakistan isorganizing a seminar onRisk Management andBasel II - Deriving Valuebeyond Compliance will beheld on Feb. 24 at 6:45 pmat ICAP House, Clifton.

Syed Faraz Anwer,Partner, A.F. Ferguson &Co will be the speaker atthe seminar. RiskManagement and Basel IIhave been topics of exten-sive discussion in bankingsector - both locally andglobally. Experience indi-cates that Basel II is per-ceived by most as a com-pliance-driven exercise.However, the principlesprescribed under Basel IIare aimed towards havingbetter business and opera-tional management toolsbesides having regulatoryimplications.

Kundi is

acting

Speaker NAISLAMABAD: FaisalKarim Kundi, DeputySpeaker NationalAssembly is acting asSpeaker NationalAssembly with effect fromFeb. 11, 2011.

He will remain ActingSpeaker till the return ofDr. Fehmida Mirza,Speaker NationalAssembly from her visitabroad.

Dr. Fehmida Mirza hasproceeded to Colombo, SriLanka to attend the 3rdC o m m o n w e a l t hP a r l i a m e n t a r yAssociation's AsianRegional Conferencebeing held from February11-16.- NNI

BankHoliday

on Feb 16KARACHI: The StateBank of Pakistan and alloffices of SBP BankingServices Corporation,including the Public DebtOffices, will remain closedon Feb 16 being PublicHoliday declared by theGovernment of Pakistan onthe occasion of Eid Milad-un-Nabi (SAW).-Online

KARACHI: Junaid Jamshed, Inzemam -ul-Haq andothers cutting a cake at the Meat One North

Nazimabad branch opening. Staff Photo

KARACHI: Minister IT Sindh Mohammad Raza Haroon along with ConsulGeneral of Sri Lanka D W Jinadasa, Consul-General, Muzafar Hussian Shujra ,

S. Khalid Tawab, Ikhtiar Baig and others cutting a cake to celebrate the 63ndnational day of Sri Lanka. -Staff Photo

KARACHI: A group photo taken at the National day of New Zealand showsNew Zealand Ambassador Brian Sanders ,Moin Fudda, Honorary Consul

General ,Begum Nasreen Jalil and others. Staff photo

KARACHI: Consul- General of Iran, Abbas Aliabdollahi held a reception to cel-ebrate 32nd Anniversary Islamic Revolution of Iran. In the group photo he is

seen cutting the cake along with Speaker Sindh Assembly Nisar AhmedKhuhro, Dr. Farooq Sattar, Babar Khan Ghuri, Muzafar Shujra,and diplomats

from other countries, politiciansand business community. - Staff Photo

LAHORE: Students posing for a photograph during tha annual sports day at Samnabad Girls College. -Online

Apple Inc is working onnew versions of theiPhone that are aimed at

slowing the advance of compet-ing handsetsbased on GoogleInc's Androidsoftware, accord-ing to people whohave been briefedon the plans.

One versionwould be cheaperand smaller thanthe most recentiPhone, said a per-son who has seena prototype andasked not to beidentified becausethe plans haven'tbeen made public.Apple also is developing technol-ogy that makes it easier to use theiPhone on multiple wireless net-works, two people said.

Chief Executive Officer SteveJobs, who remains involved instrategic decisions while on med-

ical leave, aims to narrow the pricegap that has made phones runningAndroid more popular thaniPhones. Google's share of the

global smart-phone marketmore thantripled to 32.9per cent in thefourth quarter,e c l i p s i n gApple's 16 percent, accordingto Canalys.

Apple hasc o n s i d e r e dselling the newiPhone forabout $200,without obli-gating users tosign a two-

year service contract, said the per-son who has seen it. Androidphones sell for a range of prices atAT&T Inc, Verizon Wireless andother carriers, and typically comewith agreements that include a feefor broken contracts.

MetroPCS Launches

the First LTE PhoneThe Galaxy Indulge is the latest smartphone from Samsung

and boasts some pretty impressive but not Earth-shatteringspec’s. The 3.5 inch touch screen/QWERTY keyboard phoneruns on Android 2.2 and displays things quite beautifully on theTFT LCD.

Mophie does

juice pack air for

Verizon iPhone 4Whenever you need your handset to deliver that extra

bit of juice, it seems to falter simply because you spenttoo much time playing Angry Birds whenever you’refree, hence sapping up all the power reserves required tomake that all important business call to clinch that multi-million dollar contract.

Sunday, February 13, 2011

Latest Gadgets World Wide

Web for robotsYou know how the Internet has become a place

where billions of people are coming together andlearning all sorts of things they never heard ofbefore?

Now, imagine that system of interconnectedcomputers, but for Robots. This is the basic con-cept from RoboEarth, which its creators are say-ing is a “Wikipedia that’s just for robots”. Dell Launches

Latitude XT3

Convertible Need the functionality of a laptop but

love the ergonomics and portability ofatablet? Dell’s new Latitude XT3 convert-ible may be just what the doctor ordered.The massive 13 inch screen actuallyrotates and folds back on itself convertingthis fairly powerful laptop into a tablet thatoutspecs most of its competition.

Acer Makes3D Computing

AffordableThe New Acer GN245HQ monitors

may just look like another computermonitor trying desperately to cash inon the 3D craze that seems to besweeping the nation, but it’s not. It’ssomething very different.

Yesterday, HP announcedits first three productsusing WebOS, the oper-

ating system for mobile devicesthat was its main prize foracquiring Palm in July of lastyear. HP is already known forprinters, PCs, and laptops, butthe new products—a tablet, anupdated smart phone, and a newsuper-small smart phone—high-lighted a new strategy for the

company.The Touchpad tablet, Pre 3

smart phone, and Veer minismart phone, show WebOS inthree different sizes. Byannouncing them together, HPhopes to emphasize both theflexibility of the operating sys-tem and how well WebOS canwork for a user who owns mul-tiple devices running it. It alsohopes to spur developers to cre-

ate apps for the platform.However, this may still not beenough to capture a marketthat's dominated by other bigcompanies such as Apple andGoogle.

Palm's WebOS operating sys-tem was the ailing company'slast-ditch effort to reclaim themarket it once dominated withits popular PDA. The WebOSoperating system uses Web

technologies familiar to devel-opers, such as HTML andJavaScript, instead of ObjectiveC, the specialized language usedto program apps for Apple'siPhone. The Palm Pre, whichwas the first device to featurethe operating system, waspraised for its design whenreleased in June 2009, but it wasa flop in the market, leading toHP's acquisition of Palm.

HP's Risky Triple Play

Google Earth's mapping tool has dis-covered and cataloged some of themost rare and unusual places

around the globe. From mysterious shipwrecks to airplane graveyard to a Redlake, the mapping tool has unearthed alland many more.

Some time back, we carried 12 Must-seelocations on Google Earth. Now we bringto you some of the interesting and strangesights viewed from Google Earth.

Palm tree Island

Wondering what a huge palm tree isdoing in the middle of the sea? This pieceis a gigantic size palm tree-shaped islandbuild in Dubai.

According to reports, the island consistsof a trunk, a crown with 17 fronds, and asurrounding crescent island that forms an11 kilometre long breakwater. The island'stotal area is larger than 800 football pitch-es. The crown is connected to the main-land by a 300-metre bridge and the cres-cent is connected to the top of the palm bya subsea tunnel.

Ship in the city

You think this huge cruise liner crashedin middle of a city? Not really! This isactually a big shopping mall built in theshape of a cruise ship.

Called the Whampoa Boat, the mall hassprawling restaurants, shops and a hotel.

Airplane graveyard

One of the most popular satellite pic-tures online, it is of the place where fromB-52s to stealth bombers are brokendown. The Davis-Monthan Air ForceBase is situated outside Tuscon,Arizona. According to reports more than4,000 military aircrafts are dismantled

here.

Meet your bunnyHere's a perfect sight for all bunny

lovers. The giant-size pink bunny lyinghas been built by a group of artists calledGelatin. It took over five years to build this200-ft toy and is set to stay there until2025.

Made of soft, waterproof material andstuffed with straw, the bunny is placed in arural spot called Artesina near Cuneo

Shark in the forestIdeally you find them in deep oceans but

this one has a home in forest in Australia.This strange sight seen from Google Earthis actually a forest art. According toreports, the shark is estimated to be about700-ft long.

Guitar-shaped mansionShaped like a guitar, this is a mansion

loacted near Birmingham, AL, USA. Butin case you think it was the idea of someguitarist, you got it wrong. It was ownedby former COO Larry House of a scan-dal-hit healthcare company. In 2003 hesold the property for mere $4 million incontrast to its estimated building cost of$26 million.

According to a report, built on 27 acresof land, the property has 21 bedroomsand 22 bathrooms; a 13-car garage; a 25-seat home theatre and a wine cellar for

2,000 bottles.

Microsoft HQWondering what these 'X' mean here?

This is Microsoft's headquarter building inRedmond, Washington build in the letter Xshape. Looks like the software maker'sobsession with the Direct X as the shaperesembles the logo of the DirectX.

Lips on hillWondering what these mammoth size

lips are? Located in Gharb, Darfur, inSudan, it is actually a 0.5 mile long hill.

Heart-shape IslandThis seems like a perfect place for a

romantic date, a huge heart-shaped island.Called Galesnjak, or Lovers' Island, it islocated in Zadarski Kanal between Zadarand the Island of Pasman.

The 130,000 square yards island is justoff the coast of Croatia, which is amongthe most popular tourism destinations inthe world.

Google Earth's 10unusual discoveries

Companies plan to

combine assets and

develop innovative

mobile products on an

unprecedented scale

KARACHI: Nokia andMicrosoft today announcedplans to form a broad strategicpartnership that would usetheir complementary strengthsand expertise to create a newglobal mobile ecosystem.

Nokia and Microsoft intendto jointly create market-lead-ing mobile products and serv-ices designed to offer con-sumers, operators and devel-opers unrivalled choice andopportunity. As each companywould focus on its core com-petencies, the partnershipwould create the opportunityfor rapid time to market execu-tion. Additionally, Nokia andMicrosoft plan to work togeth-er to integrate key assets andcreate completely new serviceofferings, while extendingestablished products and serv-ices to new markets.

Under the proposed partner-ship:n Nokia would adopt

Windows Phone as its princi-pal smartphone strategy, inno-vating on top of the platform inareas such as imaging, whereNokia is a market leader.n Nokia would help drive

the future of Windows Phone.Nokia would contribute itsexpertise on hardware design,language support, and helpbring Windows Phone to a larg-er range of price points, marketsegments and geographies.n Nokia and Microsoft

would closely collaborate onjoint marketing initiatives anda shared development roadmap

to align on the future evolutionof mobile products.n Bing would power

Nokia's search services acrossNokia devices and services,giving customers access toBing's next generation searchcapabilities. MicrosoftadCenter would provide searchadvertising services on Nokia'sline of devices and services.n Nokia Maps would be a

core part of Microsoft's map-ping services. For example,Maps would be integrated withMicrosoft's Bing search engineand adCenter advertising plat-form to form a unique localsearch and advertising experi-encen Nokia's extensive opera-

tor billing agreements wouldmake it easier for consumers topurchase Nokia WindowsPhone services in countrieswhere credit-card use is low.n Microsoft development

tools would be used to createapplications to run on NokiaWindows Phones, allowingdevelopers to easily leveragethe ecosystem's global reach.n Nokia's content and appli-

cation store would be integrat-ed with Microsoft Marketplacefor a more compelling con-sumer experience.

"Today, developers, opera-tors and consumers want com-pelling mobile products, whichinclude not only the device,but the software, services,applications and customer sup-port that make a great experi-ence," Stephen Elop, NokiaPresident and CEO, said at ajoint news conference inLondon. "Nokia and Microsoftwill combine our strengths todeliver an ecosystem withunrivalled global reach andscale. It's now a three-horserace."

Nokia andMicrosof in

phone alliance

3

CUORE CX 729,000

CUORE CX CNG 779,000

CUORE CX A/T 759,000

CUORE ECOMATIC 819,000

Hilux 4x2 Standard 1,459,000

Hilux 4x2 up Spec 1,499,000

Hilux 4x2 Grand Cabin 2,004,000

COROLLA 1.3L XLi 1,354,000

COROLLA 1.3L GLi 1,479,000

COROLLA 2.0D 1,439,000

COROLLA 2.0D SALOON 1,769,000

COROLLA 2.0D SALOON SR 1,859,000

1.8L ALTIS MT 1,740,000

1.8L ALTIS MT SR 1,830,000

1.8L ALTIS AT 1,830,000

1.8L ALTIS AT SR 1,920,000

CAMRY 2400cc M/T 7,799,000

CAMRY 2400cc A/T 7,999,000

ALI ZHORAIZ JAFFRI

DAIHATSU

Cars Prices

Updated on 13 February, 2011

TOYOTA

CITY Manual Transmission 1,315,000

CITY Automatic Transmission 1,446,000

CIVIC i-VTEC Manual Transmission1,633,000

CIVIC i-VTEC Pros Transmission1,784,000

CIVIC VTi Oriel Manual 1,845,000

CIVIC VTi Oriel Prosmatec 1,920,000

Accord 2.4 i-VTEC 5,949,000

CR-V 2.4 Liter 5,549,000

HONDA

SANTRO CLUB 739,000

SANTRO CLUB GV 779,000

SANTRO EXEC 804,000

SANTRO EXEC GV 859,000

Without Deck & Sidewalls 879,000

Without Sidewalls (Flat Bed) 889,000

With Deck & Sidewalls 899,000

HYUNDAI

SPARK LS (Manual) 815,000

SPARK LS (Automatic) 890,000

OPTRA SE 1,479,000

OPTRA LS M/T 1,549,000

OPTRA LS A/T 1,629,000

OPTRA 1.8 CDX-MT 1,669,000

OPTRA 1.8 CDX-AT 1,759,000

AVEO LT - M/T 1,369,000

AVEO LT - A/T 1,469,000

COLORADO - MT 3,479,000

CHEVROLET

CHERY QQ 0.8L BASIC 588,000

CHERY QQ 0.8L COMFORTABLE 628,000

CHERY

RAVI VX 473,000

RAVI VX CNG 524,000

BOLAN VX 532,000

BOLAN VX CNG 584,000

BOLAN VXR 592,000

BOLAN VXR CNG 645,000

CARGO VAN 507,000

MEHRAN VX 453,000

MEHRAN VXR 505,000

MEHRAN VX CNG 499,000

MEHRAN VXR CNG 549,000

ALTO VXR 656,000

ALTO VXR CNG 705,000

CULTUS VXRi 850,000

CULTUS VXRi CNG 891,000

SWIFT 1,058,000

LIANA 1.3L RXI MT 1,129,000

LIANA1.3L RXI MT CNG 1,199,000

APV 1.5 Petrol 1,775,000

APV 1.5 CNG 1,850,000

JIMMY JLSX MT 1,720,000

JIMMY JLDX MT 1,870,000

SUZUKI

NOTE:

Always visit your local outlet for

the exact Cars prices.

Apple planningcheaper, smaller

iPhone

Disclaimer:All reports and recommendations have been prepared for your information

only. Summary and Analysis are not recommendation to buy or sell. This

information should only be used by investors who are aware of the risk inher-

ent in securities trading. The facts, information, data, indicators and charts

presented have been obtained from sources believed to be reliable, but their

accuracy and completeness cannot be guaranteed. The Financial Daily

International and its employees are not responsible for any loss arising from

use of these reports and recommendations.

An exercise

in futilityReformation of federal cabinet has already

started; first lot of ministers have taken oath and

also allocated portfolios. Some of the key min-

istries are still without the ministers but likely to

be headed by the same faces. Out of 22 ministers

who have taken oath only four are new and rest

of them have been reshuffled only to create an

impression that the present rulers are serious in

following good governance and saving tons of

money being spent of each minister.

All and sundry are of the opinion that Pakistan

does not need change of faces but change in the

system. They also have the consensus that

change of guards will not make any difference

and the business will continue as usual. If any

politician is serious in winning next election the

objective can't be achieved by being part of the

cabinet but by distancing from the present ruling

regime.

Till yesterday RGST was the thorn in Pakistan-

IMF relationship but now Raymond Davis case

has started creating cracks in Pakistan-US rela-

tionship. If the issue is not resolved as per the

wishes of the US administration flow of aid,

assistance and fate of remaining tranches of the

IMF will be in doldrums. Therefore, all the polit-

ical parties must set aside their differences and

formulate a policy to face the US pressure.

We consider it extremely important to remind

the rulers and all the coalition partners in gov-

ernment that out of the five-year term, three years

have already passed. Since the ruling junta faces

no potential threat of toppling of the government

the remaining two years will also be event less.

The external and internal threats may become

even more serious but Mian Nawaz Sharif will

continue to play the role of 'friendly opposition'.

Many of the critics following unfolding of the

events in Egypt did not know who was organiz-

ing the demonstrations against Hosni Mubarak.

Though, at times it appeared that some one out of

a few select would takeover the control.

However, the net outcome is that military has

taken over the charge with a promise to restore

democracy in the country. Since there is no oppo-

sition even by Muslim brotherhood the change in

regime may be a little smooth.

The changing geopolitical conditions in the

neighborhood, particularly in Tunis and Egypt

and warnings of blowing winds of change in

Pakistan must be taken as cue that some thing

similar may also happen in Pakistan. The only

regret is that all those who enjoy 'street power'

and have been arranging 'million marches' have

not succeeded in holding demonstrations of sim-

ilar magnitude. May be because they know even

if there is a change of guards they will have no

role in the future government.

4Sunday, February 13, 2011

Publisher & Editor-in-Chief: Amir A. Ashary

Editor: Shakil H. Jafri

Executive Editor: Manzar Naqvi

Honorary Advisory Board

Haseeb Khan, FCA

Asim Abbas Ashary, CPA

Akhtar M. Zaidi, FCA

Dr. A. Hadi Shahid, FCA

Muhammad Arif

S. Muneer Hussain Rizvi

Khurram Shehzad, CFA

Prof. Zakaria Sajid (KU)

Zahid Bukhari SVP HBL (retd)

Ismat Sabir

Head office

111-C, Jami Commercial Street 11, Phase VII, DHA KarachiTelephone: 92-21-35311893-6 Fax: 92-21-35388428

URL: www.thefinancialdaily.comEmail Address: editor@thefinancialdaily.com

Lahore office

24- Peshawar Block, Fortress Stadium, Lahore

Telephone: 92-42-6675595 Fax: 92-42-6664349

Email Address: editor@thefinancialdaily.com

The Financial Daily InternationalVol 4, Issue 180

Tarique Khan JavedPresident, Overseas Pakistani

Investors Forum

The issue of Kala Bagh Damhas been reopened by inter-ested quarters despite reso-

lution against it by three provincialassemblies. This is very unfortunateand must be resisted.

The timing chosen was around theSuper Flood of 2010 to renew thedebate. Argument being that hugeamount of water was released to thesea and large areas devastated by theflood, and that if Kala Bagh Damwas there water could have beenpreserved and loss minimized. Theother argument is that if 4,500 MVelectricity produced by Kala BaghDam was available current energycrisis would not be there. In myopinion both the justification isbased on bad intention of a particu-lar province and national interestdemand finding solution to waterand electricity shortages somewhereelse.

WATER ISSUE:The Water debate in Pakistan is

going on for a long time. On oneside there are people like Chairmanof WAPDA who claim that there islot of water in Pakistan and there arepeople who think that there is short-age of water in Pakistan. Those whothink there is plenty of water believethat Pakistan can support a popula-tion of 450 million, if water is prop-erly used. Those who think that thereis overall shortage of water thinkthat, given the large share of watertaken away by Punjab, Sindh andBaluchistan are likely to becomedeserts if more water is held byPunjab by means of Dam like KalaBagh. They think there is not enoughwater in the system to be furthershared or managed.

FACT:The fact is that in total 206 Million

Acre Feet (MAF) of water is collect-ed from rain, melting of glaciers andtube wells in Pakistan, on the aver-age every year, based on a 11 yearscycle. Out of this only 54 MAF isused rest goes waste and causeswater logging and salinity. On yearby year basis rain fall varies a lot buton a 11 year cycle it even outs. Themassive rains of 2010 vastlyimproved the total rain water contri-bution in total water availability ofPakistan and this is the basis of thenew debate. Suppose an additional50 MAF was added in 2010 and letus assume that owning to globalwarming we may expect such eventsay every 3 years and thus the aver-age availability of water hasincreased from 206 MAF to 223MAF does it fundamentally changethe real issue of huge wastage ofwater in Pakistan? No! 206 or 223MAF preservation and proper use isthe real issue not the quantity avail-able.

Kala Bagh Dam which will inun-date major part of historic Peshawarvalley, the bread basket of KP is noanswer to the huge water storageproblem of Pakistan. It could do alittle. The solution lies in makingvery large storages in 9 locationsspread from Skardu to Khinjharlake. In order to store 150 to 173MFA we need very large areas andfortunately for Pakistan such areasare available. I propose buildingvery large storages in followinglocations:l SKARDU: At this point the

largest water reservoir as well sub-stantial power generation Dam canbe built. However, as this location isvery far from population, this optionwill be used after the other cheaperoptions are already used up.l BHASHA: Below Skardu yet

very far from population this pointhas already been chosen as site forvery large water reservoir as wellpower generation Dam. Work hasstarted on the project.l TARBELA and MANGLA: At

these points water reservoirs andpower generation dams exist.However, their capacity to holdwater has reduced substantially with

the accumulation of silt deposits.There is a need for major clean up torestore old water storage capacity.l GUDDU: In front of Guddu

barrage lies a vast lake extending upto Zahir Pir on East and Kot Mithanin the west. This 350 square km areais now completely filled and waterfrom Pungnad and Indus disappearat this point and its water reachGuddu Barrage by means of smallstreams on which bridges are built. Itis possible to travel from Zahir Pir toKot Mithan on a truck over the lake.In March 2007 I travelled on thisroute of on 35 Km to avoid a other-wise 350 Km journey via the GudduBarrage in the south. Deposits ofcenturies have reduced the potentialto hold water to nothing. If this lakewas say 100 ft deep, the entire 50MFA or so water of 2010 flood couldhave been parked at this point. Suchhuge water body could havechanged the ecology and climate ofthe entire area. It could have made itpossible that the entire track fromKashmor to Mithan Kot in the west-ern side could be bought under culti-vation. This vast dry and arid area atthe foot of Balochistan mountains isflat and potentially very good agri-culture land if water could bepumped to from the lake in front ofGuddu. I propose that this area bedeepened 100 ft using rudimentarymanual means whereby the floodeffectees are offered daily wages ofRs.500 per day for digging out 100bag of soil every day. These labour-ers using just a spade and bags maywork for months to end their currentpoverty and create a major waterreservoir for Pakistan. Such schemeshave been very successful in Chinaand elsewhere.l SUKKAR: The 40 by 60 KM

long water body which gathered infront of Sukkur Barrage in August2010 could have destroyed Sukkurcity and carried away the barrage. Iwas on the protective wall of Sukkuron 17th August and was scared asthe water was just 2 feet below thewall and its break was highly antici-pated and entire population was pan-icking. Somehow the water passedyet we cannot take another chancelike this and must act to protect the"life line" of Sindh. I propose thatlike Guddu this area should also bedeepened by 100 ft using the samemeans as proposed for Guddu. Thiswill create a huge water body withpositive impact on climate. Thisimmense water can help us opennew agriculture area in the eastbeyond Punu Aqil. The huge Thardesert can be provided water fromthis reservoir changing the face ofthis poor region. The current NalCanal can then be extended up toNagar parker thus greening theentire Thar desert.l KOTRI: Indus river from

Sukkur to Kotri extending nearly400 Km is again filled with silt. Byend August 2010 when 10 millioncusec water was passing KotriBarrage, there was great anxiety thatit may break away, as that level offlow was not experienced in the past.Somehow the disaster was avoided.The 'Katcha' as the River bed iscalled is being used as agriculturebelt thus lots of manmade obstacleshave been erected which hasreduced the water holding capacityof the river. As the depth of the riveris minimal any large flow of waterputs heavy pressure on the side pro-tective walls as well as the barrage.If the river bed is deepened 100 ft inthe same manner as Guddu verylarge amount of water can be storedat this point. This last barrier beforewater rushes to the sea must be usedeffectively to stop wastage of waterreaching sea beyond the required 10MAF pa. l HAMAL LAKE: Located

close to Shahdad Kot this large lakewhich intakes water from highergrounds of Balochistan and Sindh isalso lost its capacity to hold waterdue to silting. If this lake had depthof 100 ft it could have accommodat-ed a large part of flood water thatinundated the area in 2010. This lakecan be used to drain out all theexcess water from Kashmore tillShahdad Kot on a regular basis. Thisarea is badly affected by water log-ging and salinity. A deep lake likeHamal can become a source of waterfor Jahl Magsi and other dry and aridbut plain lands between mountainsand Shahdad Kot. This can opennew agriculture region and alleviatepoverty in the area and boost agri-culture production.

l MANCHAR LAKE: Locatednear Sehwan Sharif this is the largestfresh water lake of Indo-Pakistan. Itis home to 40,000 fishermen. Waterfrom Kirthar Range mountain andother higher grounds of the area asfar as Shahdad Kot get stored here.When Indus is full water from itflows into Manchar from nearSehwan. It is nature's outlet forexcessive water of Indus. When thewater level in Indus is low waterfrom Manchar flows back to it by adifferent route. The lake is surround-ed by hills from three sides. Thus toincrease its water holding capacity itwill cost very less. If we onlyincrease the height of the protectivewall on one side the capacity will beincreased. It is also recommendedthat its depth is also increased so thatwater of one full Super Flood couldbe stored here. Water from this hugewater body could be sent downtowards Thana Bula Khan andGadap to convert its plains into agri-culture area.l KINJHAR LAKE: Located

above Thatta this is last large waterstorage point of Pakistan. Excessivewater from Indus and water fromsurrounding Hills gathers here.Currently it is a shallow lake withlimited storage capacity. During2010 floods it quickly filled andoverflowed. I propose that this lakeshould also be deepened by 100 feetto create water source for irrigationin dry lands towards Super highwayand dry area above Gharo. If Superfloods charge this reservoir evenonce in four years, the current dryland can become good agricultureland improving the prosperity of theArea.

Conclusion:Pakistan has plenty of Water and

based on it is likely to emerge as adominant economic power of theWorld. It is unable to store its waterand the excessive water is in facthampering its agriculture produc-tion. We need to store our water andfor that natural reservoirs are avail-able which only need to be deep-ened. The cost would not be much ifthe work is done manually by floodaffectees. This will provide themjobs for next 5 years and lift themout of poverty in an honourablemanner. Bill Gates Foundation'shelp may be requested for this proj-ect and it will be forthcoming.

ELECTRICITY ISSUE:

THAR COAL: Producing 4,500MW electricity at Kala Bagh is notthe answer to the power problem ofPakistan. The answer lies in usingthe huge coal reserve of Thar dis-covered in 1994. The reserves areenough to produce 100,000 MWelectricity for next 213 years.Politics has largely been responsiblefor lack of progress on this project.If this is developed justification forKala Bagh Dam will vanish forever.

The manner in which Shenwa, aChinese company which came in2005 to produce 6,000 MW electric-ity out of Thar coal was made toleave the country by 2007, suggestsbad intention by NEPRA officials.They fought with the company on adifference of just 3 cents and letthem go after they had invested somuch in the area has frightenedinternational investors forever.National interest demanded layingout red carpet for such a pioneeringCompany. It is reported that verylarge bribe was demanded by power-ful people and the Company couldnot pay and thus left. It is also saidthat President Musharraf personallytried to persuade the company tocome back but they refused.

President Zardari has put all hissupport behind Thar project butprogress is reluctant to come by.Thar Coal Authority with CM ofSindh as its Chief has been formedbut Federal representation is verystrong. Thus its effectiveness since2009 is not impressive. In Feb 2009a large Investors Conference wasorganized by Sindh Government butnot a single international investorshowed up. Embarrassed, to saveface in 2010 a 1000 MW project hasbeen announced by Sindh govern-ment with Engro Group on 50-50equity basis. Indicating very lowinterest by large energy Cos in theWorld upto now.

Dr. Mubarak Samar Mand wasappointed Supervisor of Sindh CoalProject and promised to start pro-ducing cheap electricity and gas by2011 provided gas turbines are given

to him immediately. However hisjob seems to be ending soon accord-ing to some press reports. With allhis genius and good intentions theproblem is that this very highly cap-ital intensive industry andGovernment of Pakistan simply doesnot have the money.

Currently all big economic powersderive 60-90% of the energy needsfrom. Therefore there is no reasonwhy we should not utilize thisresource to the full extend to makePakistan a major economic power ofthe world. Electricity producedfrom coal can emerge as the largestexport earner for Pakistan if we sellour surplus electricity to India. Indiais ready to buy up 70,000 MW ofelectricity from Pakistan. Recently italso offered to buy our coal for usein its coal powered electricity plantsin Rajasthan.

The cost of Thar coal based elec-tricity is reportedly Rs.5.5 KV if thecharges related to infrastructuredevelopment is not amortised. Thisis very low cost compared to therental power and furnace oil basedelectricity and this is probably thereason why some vested interests donot want this project to take off.

National interest demand that allobstrucles in harnessing Thar coalplaced by NEPRA and other agen-cies of the Federal Government beremoved. In fact in the process ofdown sizing the FederalGovernment NEPRA should be dis-banded to avoid similar episode ashappened with Shanwa. Withoutlarge energy companies participa-tion this huge natural resource can-not be used. We must accept that weneither have the technology nor themoney for such large project.

Suggestions:l I suggest that we convert the

entire Thar coal area into Pakistan'sfirst Free Economic Zone in whichGovernment will have no role andthe entire area would be managed byone Corporate Authority on Chinesemodel. With such freedom energycompanies as well other internation-al companies will flock to the area totake advantage of huge coal reserve,make electricity sell it to India andPakistan and provide power to otherindustries that would be established.With cheap energy and manpower inthe Zone it will attract huge invest-ment which will help us end unem-ployment in the country on a shortnotice.l In the meantime I suggest that

immediately we should let IndianPower companies use our Coal inraw form for their electricity plantsin Rajasthan. We can start generat-ing cash that will help us prepare thearea for large energy companies.Thar Coal Authority should be thesole negotiator of such deal and noFederal agency should interfere.WIND CORRIDOR OF SINDH:The Wind power potential of Wind

Corridor between Gharo and KatiBunder is estimated at 50,000 MW.A small Turkish project of 6 MW isabout to get operational and AsianDevelopment Bank is providingfinance to increase the capacity to56.4 MW. Lot of companies havebeen allocated land in this belt butthey are facing difficulty in gettingpossession of land. This area hasbecome mostly saline due to seaintrusion and thus no more very suit-able for agriculture.

Suggestion:l It makes economic sense that

against a fair compensation theentire area is taken away from cur-rent owners and converted intoSecond Free Economic Zone onChinese model. With 50,000 MWpower this area can become the sec-ond big conomic engine of Pakistanto lead us out of current economicdifficulties.

Conclusion:Sindh has the capacity to produce

150,000 MW electricity from coaland wind for 213 years and 50,000MW forever. Thus the lower part ofSindh from Gharo to Indian borderhas the potential to become one ofthe largest industrial hub of theworld. Compared to these figuresKala Bagh's promised 4,500 MW isinsignificant and must be ignoredand all attention should be focusedon Southern Sindh. To see results inour life time I earnestly recommendformation of two Free EconomicZones as the vehicles for harnessingthe huge energy potential of the areaand creating jobs to see end of eco-nomic misery in the country.

Water and Powerproblems of Pakistan

5Sunday, February 13, 2010

Anew major study hasrevealed that the world-wide prevalence of obesi-

ty has nearly doubled since 1980.The study looked at all avail-

able global data to assess howb o d ym a s si n d e x ,b l o o dpressureand cho-l e s t e r o lchangedbe tween1980 and2008.

I n2 0 0 8 ,m o r ethan onein ten oft h eworld's adult population wasobese, with women more likely tobe obese than men, the studyfound. An estimated 205 millionmen and 297 million adultwomen were obese - a total ofmore than half a billion adultsworldwide.

The proportion of the world'spopulation with high blood pres-sure, or uncontrolled hyperten-sion, fell modestly between 1980and 2008. However, because ofpopulation growth and ageing,the number of people with uncon-

trolled hypertension rose from600 million in 1980 to nearly 1billion in 2008. High-incomecountries achieved large reduc-tions in uncontrolled hyperten-sion, with the most impressive

progress seenin women inA u s t r a l a s i aand men inN o r t hAmerica.

Average lev-els of totalblood choles-terol fell inWestern coun-tries of NorthA m e r i c a ,A u s t r a l a s i aand Europe,but increasedin East and

Southeast Asia and the Pacificregion.

Professor Majid Ezzati, the sen-ior author of the study from theSchool of Public Health atImperial College London, said:"Our results show that over-weight and obesity, high bloodpressure and high cholesterol areno longer Western problems orproblems of wealthy nations.Their presence has shiftedtowards low and middle incomecountries, making them globalproblems."

One in ten

of world's

adults obeseD

rinking milk regularlycould help you shedweight, finds a recent

study.In a two-year weight loss study,

milk drinkers had an advantageover those who skipped the milk,reports the American Journal ofClinical Nutrition.

Researchers led by Danit Shaharfrom the Ben-Gurion Universityof the Negev in Israel, found thatadults who drank nearly twoglasses of milk daily, which pro-vided the highest Vitamin D levelsat six months, lost more weightafter two years than those who hadlittle or no milk or milk products -- nearly six kilograms weight loss,on average.

More than 300 overweight menand women aged 40 to 65 years,took part in the study following

low-fat, Mediterranean or low-carb diets for two years, accord-ing to a Ben-Gurion statement.

Regardless of diet, researchersfound participants with the highestdairy calcium intake six monthsinto the study (averaging about580 mg daily- the amount in near-ly two glasses of milk) lost about

six kilogramsat the end ofthe two years,compared toabout 3.5 kgfor those withthe lowestdairy calciumintake (aver-aging about150 mg, orabout half of aglass).

Beyond cal-cium, the

researchers also found thatVitamin D levels independentlyaffected weight loss success andin line with previous research,milk and milk products were thetop contributors to Vitamin D inthe diets of the study participants.

Despite the potential health ben-efits, many Americans are still notgetting the recommended 400international units (IU) ofVitamin D daily -- the amount infour glasses of fat free or low-fatmilk.

Milk helps

you shed

weight

Having a parent with a historyof heart disease almost dou-bles a person's risk of also

getting heart disease, no matter theperson's ethnicity or home country,according to a new study.

Heart disease kills more than 7million people worldwide everyyear. While previous studies haveconfirmed the relationship betweena family history of heart disease anda person's own heart risk in certainpopulations, the new research sug-gests that the effect of family histo-ry is about the same in culturesacross the world.

The study also suggests that ifyour parents had a heart attack,changing your behavior to a more-healthy pattern, while helpful, isn'tguaranteed to protect you complete-ly. That's because people whose par-ents had a heart attack were stillmore at risk themselves after many

known factors associated with heartdisease were accounted for, includ-ing diet and lifestyle choices, as wellas some genes known to be involvedin heart disease.

"This study reinforces the impor-tant role of family history as one ofthe very important risk factors, inaddition to other known modifiablerisk factors," Dr. ChristopherO'Donnell, who studies heart dis-ease at the National Institutes ofHealth and was not involved in thecurrent study, told Reuters Health. It"reinforces the need to integrate thefamily history into the day-to-daypractice of prevention and therapyfor heart disease."

The new findings are the latestfrom the INTERHEART study,which was led by Dr. Salim Yusuf ofMcMaster University in Ontario,Canada and involved patients in 52countries on every continent except

Antarctica. Altogether it includedabout 12,000 patients who werebeing treated for their first heartattack in 1999-2003, and about15,000 people of the same age andsex with no history of heart diseasewho were used for comparison.

About 18 percent of study patientswho had suffered a heart attack alsohad a parent with a history of heartattack, compared to 12 percent ofparticipants without heart disease,according to the findings, which arepublished in the Journal of theAmerican College of Cardiology.

When the researchers factored inthe patient's age, sex, and region ofresidence, those who had at leastone parent with a history of heartdisease were still 1.8 times morelikely to get heart disease them-selves - a number that was consis-tent across different ethnicities andworld regions. The risk was the

same whether it was an individual'smother or father who had the heartattack, but higher if both parentswere affected or if either or bothparents had a heart attack before theage of 50.

Accounting for known heart dis-ease risk factors including smokingand alcohol consumption, fruit andvegetable consumption, and obesitydidn't explain the increased risk thatcomes with having a parent withheart disease. And when the authorstested some of the participants foreight genes that have been implicat-ed in heart disease, genetic differ-ences still did not explain that risk.

That could be because there are somany small but important factors inbehavior, diet, and lifestyle that playa part in explaining why peoplewhose parents had heart disease aremore likely to get heart disease them-selves -- including many factors that

haven't been discovered yet. Therecould also be hundreds or even thou-sands of genes that play some role indetermining a person's risk of heartdisease when they are passed fromparent to child, doctors say.

"We know that family history repre-sents many things," said Dr.Themistocles Assimes from theStanford University School ofMedicine, the author of an editorialaccompanying the study. "A lot ofthose things are genetic. Some arealmost certainly environmental (fac-tors) that we don't know about that wecan't measure," he told Reuters Health.

But, Assimes added, this studyshowed that "the excess risk associ-ated with family history is about thesame everywhere. Whatever thosethings are that are unknown, theyaverage out to be about the same interms of increasing risk."

Despite the many questions that

still exist about how heart diseaserisks are shared between genera-tions, just knowing that those risksare there can help doctors in differ-ent parts of the world prevent heartdisease in their patients.

"A family history is a very cheap,simple thing to (find out about)," Dr.Erin Michos, a cardiologist at theJohns Hopkins School of Medicinewho was not involved in the study,told Reuters Health. "You don't haveto measure anything, there's no labtests."

When you put that together withthe fact that doctors, both in thedeveloping and developed world,are getting better at being able todetermine who has suffered even asmall heart attack, linking parentsand children to predict who is likelyto get heart disease is only going toget more accurate, Assimes said.-Reuters

Across the world, parents pass on heart risks

Sobia Kanwal

AIDS (AcquiredI m m u n o d e f i c i e n c ySyndrome) is a life threat-

ening disease worldwide but inPakistan its more mind threaten-ing. The patient living with AIDSin Pakistan suffers more psycho-logically than physically. Here itis treated as a secret disease.Human Immunodeficiency virus(HIV) is the source of its spread, adevastating virus. AIDS is a pan-demic of modern world andinfected people are residingthroughout the world. In humansit has transmitted from chim-panzees, the close relative ofhumans. Africa, where peoplehunt chimpanzees to make it partof their dining table and this prac-tice is the source of its spread inthe world. First ever reportedpatient affected with HIV cameon the screen in early 80s andafterwards it is constantly propa-gating worldwide.

HIV attacks the lymphocytes(the defence force of our body). Itactually decreases the resistanceof the body and makes it suscepti-ble to different ailments. Its com-mon mode of transmission is nee-dle exchange, blood transfusion,unprotected sex, mother to childand blood or blood product route.No vaccine or therapy is availableagainst this infection yet despite alot of research has been done inthis field. Scientist's communityis very anxious in finding its cureand busy in determining any pos-sible therapy against it but up tillnow all efforts are in vein as thereis no proper cure has been devisedagainst HIV infections or AIDS.

Although, there has been so manymedicines formulated to make thelife standard better of an AIDSpatient.

In Pakistan its ratio is negligi-ble as compared to its neighbour-ing countries. But, unfortunately,an AIDS patient suffers much

more in Pakistan than other coun-tries. There is so much miss con-ception about its transmissionmodes. People think that onlyillegal sex is its route of transmis-sion. Due to this concept evenwell educated people treat anAIDS patient very shoddily ulti-mately converting an AIDSpatient into a socially and morallyisolated person. Besides fightingwith deadly HIV virus, infectedperson is also facing a real painfultaste of life forcing him/her toavoid the disclosure of their infec-tion even with very close bloodrelatives of the family resulting in

the increased chance of infectingmore members of the family e.g.an infected husband or wife caninfect their partner or new bornbabies. AIDS patient cannot evenvisit doctor easily to get medicinejust because of the cruel conceptsregarding the spread of HIV and

the social survival of AIDSpatient is very difficult inPakistan. In several studies, sur-veys have proved that in Pakistanthe biggest cause of AIDS spreadis due to injection drug users.They reuse the needles andexchange them with each other.But unfortunately, our society hascreated a mania that the ONLYreason for catching this infectionin the illegal sex and an AIDSpatient is of loose character, a bigcrime in this Muslim country.

It is very important to note thatHIV is an infection like otherblood borne infections like

Hepatitis C (HCV), Hepatitis B(HBV) etc all have same mode oftransmissions, then why onlyAIDS patient suffer socially?Why there is so discriminationamong an AIDS patient and apatient suffering with HCV orHBV? Why AIDS patient is somuch hesitant in telling his/herdisease to even a doctor?

Pakistan government hasnational program named,National Aids ControlProgramme which is providingfree of cost treatment to AIDSpatient for the improvement oftheir health standards and theirdifferent centres are working inall provinces. But a patient visitthe centre is more worried aboutconfidentiality rather than treat-ment. To eliminate the wrongconcepts related to spread of HIV,there should be some proper cam-paign to aware or teach the com-mon people. Besides the govern-ment, it is the responsibility ofmedia (both print and electronic),scientist, researchers community,teachers, doctors and every com-mon man in Pakistan to aware ournation about the disease and toeducate them that it is not a sym-bol of bad character. People whounfortunately caught by this dis-ease can have a better life if soci-ety around them accept them likewe are accepting HCV and HBVpositive patients. By these cam-paigns the life standard of anAIDS patient can be raised and heor she can have good days of life.

Writer is PhD Scholar,Department of BiologicalSciences, Quaid e AzamUniversity Islamabad

AIDS: Physical or

Psychological Disease?

Running incorrectly can injure you. Fitness expert Leena Mogre tells you howto step right If you are planning to participate in the marathon, or want to justinclude running in your daily fitness routine, congratulations on your decision.

Good on you for picking a easy, low investment, high returns and most of all, high-ly effective form of exercise.

Running is great cardio and it improves the body's immunity while reducing therisk of stroke and cancer. It's a complete exercise that tones calves, thighs, abdomi-nal, back and shoulder muscles. It strengthens the heart's capacity to pump moreblood and lungs' capacity to extract oxygen from the air, relieving stress. Best of all,it slows down the ageing process.

But before you take flight, you've got to get your posture and form right to saveyourself from injury and get the most out of your jog. Leena Mogre helps you gearup for the dream run.

The right way to run Posture

Keep your body straight while running. A slouching posture leads to deactivationof muscles in parts of the body, especially the back, causing injury. An upright pos-ture puts less pressure on the knees and facilitates a swifter run. Some people clutchtheir fists too tight and transfer the rigidity to rest of the body. Keep you arms enoughso that even if you were holding a wafer, it wouldn't break.

Don't stompHear the sound your feet are making to know if you are running right. If there is

absolutely no sound then you are running perfectly. You must land on the peds ofyour feet, below your toes, putting pressure neither on the heel nor on the toes.Letting your feet fall loose on the ground with a stomping action sends shock wavesto the shin bone, the knees and the back, causing injury.

Hydrate your bodyPeople experience pain on the one side of the stomach after running for sometime.

Dehydration is one of the most common reasons for the same. Having a glass of water(at room temperature) 30 minutes before running can help avoid the pain. Dehydrationcan also cause muscle crams. If your routine lasts more than 30 minutes, sip water orsports drinks that have glucose and essential salts lost through sweating. Running onan empty stomach may lead to dizziness. Having a banana 15-20 minutes before.

Breathe through the noseBreathing through the mouth dehydrates and tires you quickly. Breathe through the

nose if you want to run for a longer time.Over running is harmful

Build stamina gradually by starting to run for at least five minutes. Your musclestake time to get used to running. Pay attention that there is no strain on your lungs orleg muscles while running. If you feel any kind of cramp, it's better to stop and takerest. Stretch your schedule by five minutes every two to three days and see if you arecomfortable completing the target.

Preparation Get the right shoes

Many people run in casual sneakers which are not meant for running. It could cause seri-ous harm to the knees because the shoes are not designed to support body weight whilerunning. Buying a branded pair which has been designed for the specific purpose after sci-entific research. People with flat feet should opt for shoes with an orthotic insole, whichprovides an artificial arch to supplement better body posture and feet co-ordination.

Warm-upRunning should start with warm-up, followed by stretching, running, cool down

and stretching again. Breaking into sweat is a sign that your body is ready for stren-uous physical activity.

Strengthen calves and shinAfter the heart muscle, which works the hardest while running, the calf muscles are the

most used. They help regulate blood flow from bottom to top. Standing and sitting calfraises help strengthen them. " Stand on a raised surface such that the heels are lower thanthe toes. Put your weight on the toes and raise you heels as far as you can. Fall back againand perform three sets of 20 repetitions. " Sit on your toes on a platform, raise your heelsand bring them down again. Flex your calves at the top of this movement for one count.Return to the start position and repeat. " The shin muscles take the weight of the body whenthe foot lands on the ground. To strengthen it, rest your heel on a raised surface such thatthe toes are on a lower level. Raise the toes up and down for 20 repetitions. Do three sets.

Quit smokingThe heart and lungs come under immense stress while r u n n i n g . S m o k i n g

before running reduces the capacity of lungs to pump oxygen.Diet

n The running body burns muscle, so the activity has to be supplemented withproper diet so that you don't lose muscle mass. Include a lot of carbohydrates, pro-tein and calcium content in your diet.n To strengthen shins, rest your heel on a raised surface such that the toes are on

a lower level. Raise the toes up and down for 20 repetitions. Do three setsn Stand on a raised surface with heels are lower than the toes. Come up on toes

and fall back. Do 20 repetitions in three sets to strengthen calves.

Are yourunning

correctly?

6Sunday, February 13, 2011

International

The end of Hosni Mubarak's rule inEgypt on Friday should bring oppor-tunities for investors as freer mar-

kets and increased commerce graduallytake root in a country with 80 million peo-ple hungry to become part of the globaleconomy.

Mubarak relinquished power to the mili-tary 18 days after an uprising led by atechnologically savvy young populationdemanding jobs, freedoms and transparen-cy.

Despite the political uncertainty of whatlies ahead in the short-term, investors seethe Egyptian "White Revolution," as manycitizens are calling it, an opportunity tograb market-share in the region's mostpopulous country.

"There will be democracy and trans-parency and these changes will lead tomore economic growth," said LarrySeruma, managing principal at NileCapital Management. "It's a great opportu-nity to invest in Egypt." Prior to the revo-lution, Nile Capital's exposure to Egyptwas 5 to 10 percent of its $4.79 millionportfolio.

Under the 30-year rule of Mubarak,Egypt had been a critical ally of the UnitedStates and the main stability force in theMiddle East. But now that his rule is over,many worry that a power vacuum couldlead to a new regime that will opposeWestern capitalism and be antagonistictoward Israel, the main U.S. ally in theregion.

The outcome is yet to be seen. But gov-ernment officials and investors in general,as well as the majority of Egyptians, arehopeful for a more open government andmarket.

"I think investment in Egypt itself couldincrease, say, a year from now as a new

government comes in. If that governmentends up being democratic in nature, thenyou could certainly see some improve-ment," said Bryant Evans, investmentadvisor and portfolio manager at CozadAsset Management, in Champaign,Illinois.

Even the most powerful and wealthybusinessmen in Egypt have been beatingthe drums of democracy and free marketsas the best form of insurance for theirinvestments. "When you have less than,say, 10 percent of the population withchecking accounts, there is potential forgrowth," said Karim Baghdady, managingdirector of Egyptian-based investmentbank Beltone in New York.

"When you have a gray economy that isalmost as large as the official GDP, if youare able to institutionalize that economy,then people will start securitizing theirdebts, able to borrow more, buy more. Sothere is a big domino effect."

Egyptian assets make up just a fractionof global emerging market funds, and theeconomy accounts for just about 0.3 per-cent of the MSCI emerging market index.The Van Eck Market Vectors Egypt indexexchange-traded fund rallied afterMubarak's resignation and set a daily vol-ume record. It was last up 4.8 percent at$18.66.

Overall, emerging market equities havecome under selling pressure due not onlyto Egypt's political ructions, but also onprofit-taking from 2-1/2 year high bench-mark indices.

Investors have pulled a net $6.27 billionfrom emerging market equity funds in thelast three weeks, according to data fromLipper, a Thomson Reutersservice.However, when factoring the market pricemovements on the stocks, the assets under

management in U.S.-domiciled fundsare down $10.92 billion, or 5.6 per-cent since the week ended Jan. 26. Yetthis is seen by some dedicatedinvestors as an opportunity.

"I have kept my 'hold' on Egypt. Ididn't have a 'sell' through this crisis.Nothing that happened today haschanged my fundamental view thatthe outcome will be a good one," saidGabriel Sterne, senior economist atLondon-based Exotix, a brokeragecatering to frontier market investors.

In the fixed income space, one fundmanager said Egypt's U.S. dollar-denominated sovereign bonds haverecovered a good portion of lostground, but is still not convinced thedebt issues are a bargain.

"I think people realize there was apanic in the bonds and short positionshad to be covered, while a potentiallymore peaceful resolution to theprotests, with limited escalation ofviolence, added to some relief buy-ing," said Jeff Grills, co-head ofemerging market debt portfolios athedge fund Gramercy in Greenwich,Connecticut.

The Egyptian pound had beenfalling steadily since political protestsbroke out on Jan 25. By Thursday, it trad-ed at 5.887 to the U.S. dollar, marginallylower than Wednesday's close of 5.8775but stronger than the six-year low of 5.960reached before the central bank interven-tion on Tuesday. The stock exchange hasbeen shut after countrywide politicalprotests caused the benchmark index toplunge 16 percent in two days, and ana-lysts have warned of a renewed sell-offwhen trading resumes, most likely onSunday.

The regulator said on Tuesday theexchange would suspend trade for a halfhour if its broad 100-share index declinedby 5 percent, and for longer if it fell by 10percent.

The cost of insuring Egyptian sovereigndebt against default or restructuring forfive years fell 25 basis to 315 bps afterMubarak's Friday announcement, com-pared with 380 bps earlier in the day and340 bps at Thursday's close, data monitorMarkit said. They traded around 240 basispoints before the start of the year.

Meanwhile, the euphoria on the streetsof Cairo is fresh, the uncertainty high andthe excitement for a better future palpa-ble. "The new government, whatevershape it takes, will be incentivized toprovide work for a greater portion of thepopulation to get them above the povertyline. There has been a lot of foreigninvestment to give it up. If anything, theeconomy will grow," said DavidGrayson, managing director of emergingmarkets brokerage firm AuerbachGrayson in New York.-Reuters

INVESTORS SEE CHANCESIN POST-MUBARAK EGYPTNILE CAPITAL'S SERUMA BETS ON 'MORE ECONOMIC GROWTH' * RESIGNATION TO HALT OUTFLOWS, SUPPORT

DOMESTIC MARKET * VAN ECK MARKET EGYPT ETF SETS DAILY VOLUME RECORD

The U.S. acquittal ofToyota Motor Corp'selectronics in cases of

unintended acceleration willslow momentum for newsafety measures involvingbrakes, ignition switches anddata recorders.

Transportation SecretaryRay LaHood's pronounce-ment Tuesday that Toyotavehicles "are safe to drive"and election gains by regula-tion-skeptical Republicansputs the additional safetymeasures in the slow lane.

"The window was there interms of momentum, butnow I think it's closed," saidone representative of a majorautomaker involved in regu-latory matters.

A 10-month study vindicat-ed Toyota's position that ithad identified and fixed theonly known safety problemsby focusing on mechanicalissues with accelerator ped-als and the risk that floor-

mats could trap the pedal inthe open position.

Although the U.S.Transportation Departmentsaid enough concern wasraised during the saga for itto consider new safety man-dates, it could take the rest ofthe year to decide whether topropose changes.

A longer timeline allowsindustry to gradually incor-porate software, mechanicaland design changes on theirown technical and costterms, and try to get out infront of any governmentrequirements.

"They're proactive whenthey see an issue," BruceHarrison, an analyst withIHS Global Insight, said ofthe auto industry. He addedthat the Toyota fallout couldprompt carmakers to step uptheir attention in some safetyareas.

One of the measures men-tioned by LaHood on

Tuesday, making sure brak-ing overrides any throttle

inputs, is already being wide-ly implemented by automak-

ers.But some automakers,

mainly from Europe, haveexpressed privacy concernsover U.S. regulatory over-tures to expand informationcaptured by onboard datarecorders.

Industry insiders say autoregulations normally takeyears to finalize and thinkthe Obama administrationwill move slowly, given itsdesire to appear more busi-ness friendly and dispel thenotion that it over-regu-lates.

"They'll be cautious. Theyhave to build a case for therule," said Mike Stanton,president of the Associationof Global Automakers tradegroup that includes Toyota asa member.

A divided Congress is like-ly to deadlock over any leg-islative approach to impos-ing safety technologies.

A bill last year that wouldhave mandated brake over-ride, imposed sharply higher

fines and set new corporatedisclosure requirements,stalled in the run-up to theNovember elections whereRepublicans won control ofthe House and reduced theDemocrat's majority in theSenate.

Toyota headlines fromearly last year about its mas-sive recalls and runawayvehicles had faded by spring- even though damage to itsreputation was evident inU.S. sales results.

The initial urgency foraction by Democrats couldnot be sustained throughsummer with politicalchange in the wind and a reg-ulatory chill settling over theCapitol.

"Dealing with a newCongress is a challenge andall these safety issues requirebipartisan support," saidJackie Gillan, vice presidentof Advocates for Highwayand Auto Safety. -Reuters

US finding on Toyota cuts automakers a break

Tentative reforms andsome eye-catching proj-ects could herald a pri-

vate sector-driven shake-up ofIndia's creaking railways, butdeeper change is needed totackle the supply bottlenecksthat still crimp growth.

Once seen as a shining lega-cy of the British Raj and stillone of the world's biggestemployers, India's rail networkcrams 18 million people a dayon to its ageing trains runningfrom the foothills of theHimalayas to the southernbeaches of Kerala.

Decades of low investmentand policy stagnation meanIndia has fallen far behindemerging market peer China inbuilding a network fit forAsia's third-largest economy.

Contrasts abound. WhileIndian trains are notorious for24-hour delays, China hasmade a global splash with atrain whose top speed of 486km/h will halve the travel timefor the 1,318 km (819 mile)

journey from Beijing toShanghai to less than fivehours by June.

"The Indian Railways is at aninfancy as far as the reformand privatisation processgoes," said Ranveer Sharma,principal at Eredene Capital , aLondon-listed private equityinvestor in Indian ports andlogistics.

There are some signs ofchange. The Indian govern-ment has initiated multi-billiondollar projects including a $90billion freight corridor to con-nect Delhi and Mumbai, withworld-class industrial andcommercial hubs to be builtalongside.

Backed by funds from theJapan Bank for InternationalCooperation and the SumitomoMitsui Banking Corporation,officials say the track willcross six states and benefit 180million people, three times thepopulation of Britain.

A second giant freight line tothe east will likely be backed

by the World Bank. The privatesector is moreover flexing itsmuscle with inner city metrorail projects that have beensnapped up by big-hittingdomestic firms such asReliance Infrastructure Ltd andLarsen & Toubro .

"There are encouragingsigns," said S. Nandakumar, aChennai-based infrastructurespecialist at Fitch Ratings.

"If you look at it on atimescale of where we weresay six or seven years ago,there's definitely a lot moreactivity in the rail sector interms of expanding infrastruc-ture, in terms of involving theprivate sector.

"On the flipside, in compari-son with what we've achievedon initiatives in some of theother sectors, it's a little short."

A world away from the coun-try's gleaming new airports,trains teem with rural migrantsand hawkers left behind byIndia's near double-digitgrowth story. More than 80

percent of the network wasbuilt before independencefrom Britain in 1947.

New Delhi has given a bigpush to infrastructure spendingwith a planned splurge of $1.5trillion over 10 years.Railways could end up a lag-gard as the network receives 5percent of funds from privatemoney, the lowest figure ofany major infra sector, thoughit takes $20 billion in trafficreceipts a year.

NEW DESTINATION?The railway ministry has

talked up the need for tappingthe private sector for funds andin mid-2010 launched twopolicies to open up freight traf-fic to private firms.

The Private FreightTerminals (PFT) scheme letsprivate operators build andoperate terminals on privateland for a duration of 30 yearsand charge third parties forhandling freight, boosting, forexample, the business potentialof ports and logistics firms.

Another initiative by theministry was to let privatefirms run freight trains for cer-tain commodities.

"Privatisation of the contain-er trains and the recent PFTpolicy are perhaps the firstseeds sown by the governmenttowards substantial privatisa-tion over the medium- to long-term," said Eredene Capital'sSharma.

"Foreign private equityinvestors, including Eredene,remain keenly interested insuch developments."

India's infrastructure is astudy in contradictions, withshowcase projects such asDelhi's revamped airport and aswish sea-link in the financialcapital Mumbai set againstroad and power projects heldup for years by red tape andfunding gaps.

Projects such as the Delhi-Mumbai freight line are astatement of intent that India'srailway sector is playing catch-up with the likes of China,

although the projects have pro-ceeded slowly.

India needs such projectsurgently to ease its expensive,inefficient and pollutingreliance on road transport tomove around freight, whichhas in turn fuelled soaring foodprices.

British private-equity firm 3iGroup Plc , which has a majorpresence in India, may expandits investment to include rail-ways in a $1.5 billion infrafund to be rolled out in 2011.

"There is investmentrequired in railways, so forexample some of the new portsthat are being developed needadditional rail links," saidMichael Queen, the chief exec-utive of 3i.

"And of course, from anenvironmental perspective,moving cargoes like coal oriron ore is much more environ-mentally friendly doing it onrailways rather than trucking itor building power plants inenvironmentally sensitive

areas."A lot more could be done.

India's powerful PlanningCommission, whose de factohead carries ministerial rankand is close to the prime minis-ter, panned the railway min-istry's "lack of clear long termvision" in a 2010 report andurged private sector-drivenreforms.

The panel recommendedgreater private participation inbuilding world-class train sta-tions and logistics parks, fasterbuilding of dedicated freightlines as in Delhi-Mumbai and"rebalancing" heavily sub-sidised passenger tariffs.

Successive governmentshave ring-fenced the railwaysministry as a gift to an ally.Prime Minister ManmohanSingh has handed the reins toMamata Banerjee, the head ofthe Trinamool Congress partywhose first priority is to wincontrol of her home state ofWest Bengal in state electionsdue by May. -Reuters

India's railways puff slowly to private sector reform

Sunday, February 13, 2011 7

LONDON: Drug companiesare drinking in the last-chancesaloon and have just two tothree years to prove to investorsthey can generate a decentreturn on the billions of dollarsthrown annually at research anddevelopment.

That's the view of someindustry executives whosesoul-searching has increasedafter Pfizer, the world's largestdrugmaker, said last week itwas slashing R&D and closingits huge site in Sandwich,England, where erectile dys-function drug Viagra was dis-covered.

"I am absolutely convincedthat this will be the last genera-tion of R&D spending unless adecent return is generated,"David Redfern,GlaxoSmithKline's head ofstrategy, told a pharmaceuticalsconference.

"The industry will not go for-ward another 10 years spendingthe money that it has beenspending unless the return toinvestors is dramatically

greater than it has been in thelast 10 years."

Big Pharma faces a starkdilemma; it doesn't have nearlyenough new drugs in thepipeline to replace all those it isabout to lose as patents expireon many top-sellers.

Despite pouring bumperamounts into research -- morethan $65 billion in 2009 in theUnited States alone -- the num-ber of new drugs launchedannually has fallen 44 percentsince 1997, according to CMRInternational, a ThomsonReuters subsidiary.

Ten years ago, pharmaceuti-cal sector shares traded ataround 30 times expected earn-ings per share. Today most BigPharma stocks are bumpingalong with forward multiples ofless than 10, compared with anaverage for the S&P 500 stocksof 13.2.

Eli Lilly CEO JohnLechleiter, who has eschewedthe merger path adopted bysome rivals and is banking onLilly's own crop of experimen-

tal drugs to resurrect profitgrowth, acknowledgedinvestors' impatience.

"They see us as investinglarge sums of money and, inAmerican baseball parlance,hitting for the fences with lesshope of being able to achieveblockbuster status," he told theEconomist conference.

"There's less belief on theirpart that we would make thesort of returns that would makethat sort of risk justifiable," hesaid.

Pfizer jolted the industry onFeb. 1 when it said it would cutits 2012 R&D spending by asmuch as $2 billion from aplanned $8.0-8.5 billion,including the shuttering ofSandwich.

"Pfizer cut their R&D site inSandwich and got rewarded bythe market for doing so. Othercompanies are increasing theirR&D spend and don't getrewarded by the market,"Kemal Malik, Bayer's head ofpharmaceuticals development,told Reuters. -Reuters

"Last chance" for sicklypharma to deliver on R&D

KARACHI: Speakers includ-ing legislators have assuredpharmaceutical manufacturersto find a way out to resolve theissues affecting the industryafter passing the 18thAmendment.

"If there is a will there is away", said Dr Farooq Sattar,Federal Minister for OverseasPakistanis and parliamentaryleader of MQM in NationalAssembly while speaking at aseminar on devolution ofhealth sector organised byPakistan PharmaceuticalManufacturers Association(PPMA) here.

He said that politics is an artof finding out possibilities anddo-ables. "We have passed19th Amendment to addressthe issues relating judiciaryand we can go for 20thAmendment if needed toresolve the problems facingdrug manufacturers", he added.

Dr Sattar said that thoughdevolution was very close tohim and his party, he is readyto address problems being cre-ated in sub sectors of healthaccording to the wishes ofstakeholders. He hinted thatthese problems can beaddressed by using the optionof double taxation under fun-damental rights, items 6 and 13or invoking Article 144 of theConstitution.

He said that the issue can bereferred to the Council of

Common Interest for redressal.The minister said that he will

try to arrange a meeting ofPPMA with the ParliamentaryCommittee for the implemen-tation of 18th Amendment toresolve this issue.

Chairman NA StandingCommittee on Health DrNadeem Ahsan said that he hasconvened a meeting of thecommittee on Feb 9, to discussthis issue.

He said that it was necessaryto remove all the ambiguitiesbefore the implementation of18th Amendment withoutaffecting provincial autonomy.

He said that foreign donorshave also shown concerns overthis issue which is also affect-ing Pakistan's millenniumgoals.

Dr Ahsan promised PPMA toconsult with Mian RazaRabbani, head of 18thAmendment implementationcommittee for addressing theseissues. "We have alreadysought the time from him", headded. Chairperson Senate'sStanding Committee on Healthand deputy parliamentaryleader of BNP in Senate,Begum Kulsoom Perveen sup-ported the demand of having adrug regulatory authority in thecentre before developing thesimilar expertise and organisa-tions in the provinces. Shequestioned that who will checkthe quality of medicines and

who will regulate exports andimports.

Senator Abdul Haseeb Khansaid that the governmentshould give importance tonational pharmaceutical indus-try and resolve its problems.

Earlier, PPMA chairman DrHaroon Qassim, in his wel-come address, expressed fearsthat the devolution of HealthMinistry from federation toprovinces under 18thAmendment will create prob-lems for the patients as well asthe industry in terms of pricing,registration, quality controland licensing.

He said that PPMA is notapposing the devolution ofhealth ministry at provinciallevel under 18th Amendment."What we are saying is that allthe functions of Ministry ofHealth can go to the provincesexcept few things like licens-ing, pricing and quality controland registration should remainwith federation until unlessprovinces become capable ofhandling them", they observed.

Haroon Qasim said that allover the world, drug testing,licensing, registration and pric-ing are done at federal level.The examples of FDA of USAand MHR of United Kingdomcan be cited in this regard, headded.

Former chairman PPMA DrKaiser Waheed also spoke onthe occasion. -APP

Legislators promiseassistance to pharmas

KARACHI: The managementof Karachi Stock Exchange(KSE) has motivated PakistanPharmaceutical Manufacturers'Association (PPMA) to encour-age its member companies toavail the benefits of the capitalmarket through listing.

According to KSE announce-ment, KSE management andPPMA leadership agreed totake joint initiative in thisregard.

Acting managing directorKSE Haroon Askari briefed thebenefits and advantages of list-ing and also appreciated therole of local pharmaceuticalindustry in the country and

added that through listing thecredibility of the company getsenhanced and the companyacquires wider exposure of itsbrand and operations.

Chairman PPMA HaroonQasim was leading the delega-tion along with former chair-men Dr. Sheikh Kaiser Waheedand Zahid Saeed and othermembers of the association

The representatives of theconsultants and leadmanager/advisors to the publicissue were also present on theoccasion, including AKDSecurities Limited, Arif HabibLimited, Cassim Investments(Private) Limited, Habib Bank

Limited, JS Global CapitalLimited, NIB Bank Limited,Pak Brunei InvestmentCompany Limited and UnitedBank Limited.

The representatives of PPMAalso briefed about the pharma-ceutical industry of Pakistan itspotential and the role beingplayed by the companies in theindustry and also highlightedthe problems being faced by it.

They appreciated the initia-tive of the Exchange in provid-ing a forum to discuss theissues of mutual concern and toencourage their member com-panies to list on the Exchange. -APP

KSE lures PPMAmembers for listing

Smith &Nephew Q4

profit up; CEOsteps down

LONDON: Smith & Nephew,Europe's largest artificial kneesand hips maker, posted a 9 per-cent rise in fourth-quarter trad-ing profit helped by a strongperformance from its knee andtrauma units.

The company, tipped as a bidtarget for U.S. rivals Johnson &Johnson and Biomet, also saidchief executive DavidIllingworth would retire inApril after four years in the roleand would be succeeded byOlivier Bohuon from pharma-ceutical firm Pierre Fabre.

Illingworth, who is 57, saidhis departure was not linked torecent takeover speculation,nor was he taking another jobelsewhere.

"I came to a very difficultpersonal decision that I neededto return to the U.S.," he saidon a conference call onThursday. "This is probably theperfect time to turn the compa-ny over to new leadership. Thecompany is very strong, it isdoing well, it is well posi-tioned." Illingworth declined tocomment on the bid rumours,and he would not confirmwhether the company had beenapproached by J&J.

Smith & Nephew (S&N)posted trading profit of $278million for the three months toend-December on revenue flatat $1.07 billion, resulting inadjusted earnings per share of21.6 cents, beating averageanalysts' expectations.

The group said it had deliv-ered a strong performanceagainst the current market chal-lenges and expected its recon-struction business to growfaster than the market in 2011.

The speculation, and subse-quent rise in the share price to arecord, prompted a carefullyworded denial from S&N.-Reuters

LONDON: British pharma-ceutical firm Shire said itwould sustain the strong salesgrowth of 2010, when its raredisease business reaped awindfall from production prob-lems at U.S. rival Genzyme.

Shire, which also makeshyperactivity and gastrointesti-nal drugs, said sales wouldagain rise by about 16 percentin 2011, against its target togrow revenue in the mid-teens,after it posted fourth-quarterprofit matching in-house fore-casts.

"We are increasingly confi-dent about achieving our aspi-rational growth targets," ChiefExecutive Angus Russell toldreporters on a conference call."It's a marginal improvementon people's expectations."

Shire's medicines VPRIV, anew treatment for Gaucher's,and Replagal, a drug for Fabrydisease, have been prescribedto patients unable to get drugs

from Genzyme, the leader inrare disease treatments that isin takeover talks with Sanofi-Aventis .

Replagal sales rose 80 per-cent to $109 million in thefourth quarter while sales ofVPRIV rose by $57 million to$59 million, Shire said onThursday.

Russell said there was scopeto treat more patients with theexpensive drugs using its exist-ing manufacturing facilitybefore a new plant comesonstream, predicted for later inthe year.

Shire finished the year treat-ing 2,300 Fabry patients andcould add another 300 patientsin 2011, he said, while a cou-ple of hundred additionalpatients could receive VPRIVon top of just over 1,000 cur-rently.

Russell also said the firmexpected a larger contributionfrom the roll-out of Reselor,

the constipation medicine itgained with the acquisition ofBelgium's Movetis inNovember, and growth from itshyperactivity portfolio.

Sales of its slow releaseADHD drug Vyvanse, whichrose 25 percent in the fourth-quarter to $181 million, wouldbe boosted by a planned launchin Brazil, he said, and Shire isalso developing the drug foruse in combination with a stim-ulant to treat narcolepsy.

YOUNG PORTFOLIOShares in Shire, which have

risen 12 percent in the lastthree months, were flat at1,656 pence at 1433 GMT.

Analysts at Deutsche Banksaid the fourth-quarter earn-ings were in line with itsexpectations, but they notedthat a beat on revenue wasdriven by the group's newproducts rather than its formerADHD blockbuster AdderallXR. -Reuters

Shire sees growth sustainedafter in-line Q4

fully secured. An impartial and impendent judiciary is the cor-ner stone of our Constitution.

The CJP said the Supreme Court of Pakistan has decided hun-dred of cases of public importance in the last few years, touphold the rule of law including abduction/kidnapping, rape,gang rape, illegal dispossession, illegal detention, excess com-mitted by public officials, torture inflicted by the Police offi-cials, environmental degradation, financial corruption etc. Inpursuance of orders of this Court billions of rupees have beenrecovered and deposited in the public exchequer in the cases ofBank of Punjab, Rental Power Projects, National InsuranceCompany Limited, etc. Furthermore, compensation was paid tothe owner of flats and depositors in the housing schemes andrefund of amounts collected from pilgrims for provided requisiteaccommodation and facility to pilgrims.

The judicial organ as a custodian of the constitution has toensure that the laws are implemented properly in strict conform-ity with the constitutional norms. Strict adherence to the consti-tutional norms leads the nation towards prosperity and establish-ment of Rule of Law in a Country. -APP

Continued from page 8No #1

To a question regarding hiring of services of retired governmentservants or extension of contracts, he said that there are few postswhere we need continuity, particularly mentioning the name ofDirector General FIA. However, he said the case of extensionwould be put before the court and the court would decide it.

Malik said, "There is still a need to hire the services of outgoinggovernment servants due to their experience and expertise."

To another question he said that a competent team is investigat-ing into Shaheed Benazir Bhutto murder case.

Replying to a question he stated that action would be taken inKarachi against extortionists. -APP

Continued from page 8No #2

explosion. PPL staff has started repairing work over the dam-aged pipelines. Meanwhile, unknown extremists gun-down asecurity official and injured two in the area of Mastong, as per fur-ther details, unknown armed persons opened fired on securityofficials here on the other day and injured three security officialsNaeem, Younis and Tanveer who have been shifted to CMH hos-pital, whereas injured security official, Naeem could not surviveand passed away. The further investigations are in progress in thisregard. -Online

Continued from page 8No #3

focused approach on Development-aspect of Peacebuilding andlong-term economic revitalization by ensuring youth & womenemployment; private sector engagement, building local entrepre-neurship; and developing service-based infrastructure.

Judicious handling of untapped natural resources is also neededin a post-conflict zone, he added.

Coordination between the Principal Organs i.e. the GeneralAssembly, the Security Council, the ECOSOC and the Secretariatas well as intra-departmental coordination within the Secretariatand between the Secretariat and International FinancialInstitutions are essential for achieving better results and avoidduplication, the Ambassador said.-Agencies

Continued from page 8No #4

The Chief Executive Officer of the Board added that EDB hadcarried out an assessment of existing capabilities of local manu-facturers for manufacturing wind turbine component and thepotential for future expansion in capacity through transfer of tech-nology. -APP

Continued from page 8No #5

The items which recorded decrease in their average prices dur-ing the week under review included tomatoes, LPG (11 kg cylin-der), onions, egg hen (farm), sugar, gur, potatoes, moong pulse(washed), rice basmati (broken), masoor pulse (washed).

Continued from page 8No #6

The items which registered increase in their prices includedchicken

(farm), bath soap, vegetable ghee (tin), cooking oil (tin), wash-ing soap, mutton, garlic, vegetable ghee (loose), red chillies, milk(fresh), curd, bananas, firewood, beef, electricity bulb, wheat flour(average quality), gram pulse (washed), shirting, rice (irri-6),mustard oil, wheat (average quality), mash pulse (washed).

The items with no change in their average prices during theweek under review included bread (plain), milk (powdered), salt(powdered), tea (packet), tea (prepared), cooked beef, cooked dal,cigarettes, coarse latha, lawn, voil (printed), sandal (gents), sandal(ladies), chappal, kerosene, match box, gas charges (up to 3.3719MMBTU), electricity charges, petrol, and diesel. -APP

would be provided in this connection as the case is subjudice in court.She further reiterated that freedom of expressions, provision of equalrights to minorities, establishment of precedent environment for womenand inter religious consensus are our priorities while achievement of thefollowing goals are impossible without media cooperation.

She further said that Pakistan is confronted with different challengeslike unemployment and terrorism and the government wanted to tacklethese challenges with media support. She said that she wishes that mediabecome's PPP's power to remove hurdles in way of PPP and coalition par-ties. She further said that it is dire need of hour to play vital role to ensurefreedom of expressions, provision of equal rights to minorities, establish-ment of precedent environment for women and inter religious consensus.

She said that Qamar Zaman Kaira is precious asset of PPP and heoffered great services for PPP. She said that being part of government ornot is no matter but it is honorable to work for the party with obligation.Answering to question she replied that Punjab is elder brother of all threeprovinces and elder has to render sacrifice. -Online

Continued from page 1No #7

number of court cases, including over the death of a Baloch separatistleader and violation of the constitution.

Meanwhile, former president Pervez Musharraf will not return toPakistan to comply with an arrest warrant issued by a court over the assas-sination of Benazir Bhutto, his spokesman said.

"No, he won't be going back for this hearing," Fawad Chaudhry, aspokesman for ex-military ruler Musharraf's All Pakistan Muslim Leagueparty, told foreign media, adding warrant was "totally ridiculous.

Pakistani prosecutor Chaudhry Zulfiqar Ali said Musharraf was allegedto have been part of a "broad conspiracy" to have his political rival killedbefore elections but the exact nature of the charges was not clear.

Chaudhry said he had heard that Musharraf, who was president at thetime of her death and who stepped down in 2008, was accused of failingto provide adequate security for Bhutto.

"How can the president of a country be made responsible for the non-provision of security? It's totally ridiculous, you cannot pin criminalresponsibility on a president for that," Chaudhry said.

He accused Pakistan's judiciary of becoming politicised followingMusharraf's dismissal of the country's chief justice in 2007, whichprompted a constitutional crisis that eventually led to his own resignation.

"It is unfortunate that the judges in Pakistan have literally become apolitical party," he said. -Agencies

Continued from page 1No #8

Prime Minister lauded the personnel of police and security forces forsacrificing their lives for the protection of people.

Prime Minister said Shaheed Benazir Bhutto bridge near ChachranSharif would link the area with rest of the country and would usher in anera of progress and development of the area.

He announced construction of a flyover to link two parts of the city. Healso announced upgradation of Khawaja Farid College to university leveland land for a graveyard for minorities.

He said the Benazir Income Support Programme, which was beingacclaimed internationally for its transparency, would also provide healthinsurance and savings to women on certain slabs of the utility bills.

He also announced a campus for Allama Iqbal Open University, whichhe said, would help educate the youth and provide them better job oppor-tunities. Gilani directed all the ministers to meet local party chapters,wherever they visit and said that such interaction would strengthen theparty that was a symbol of unity and federation.

Gilani said Rahim Yar Khan was his home as his mother belonged tothis region and he had a longstanding relation with the people there.

Continued from page 1No #9

started the search operation in Dir and Swat. Forces signaled to stop a vehicle at a check post butextremists opened the indiscriminate firing on security forces personals. In retaliation, forces killed theseven extremists and recovered the heavy weapons from their possession. -Online

Continued from page 1No #10

"We are hopeful the talks between the foreign secretaries will go in a direction that is positive and pave theway for a bigger meeting (between the foreign ministers) whenever that will be," he added.

The composite dialogues between the two sides were put on hold after 10 Pakistani terrorist carried out coor-dinated attacks in Mumbai in November 2008, killing 166 people. Before entering into talks with Pakistan again,India wanted the perpetrators of the attack to be brought to justice. Responding to why India was now agreeingto talks, Krishna said, "Nothing is static in relationships between countries." The minister, however, stressed thatNew Delhi still expected Islamabad to act expeditiously on the Mumbai attacks. "India expects that Pakistan willtake continue to take steps to bring to justice all those perpetrators of the Mumbai attacks," he said. "Having takenthat position it is necessary for our two countries to engage on various other issues where we will be able to cometo reasonable agreements, which will be beneficial to the people for both the countries," he added.

The stage was set for renewed talks when Foreign Secretary Nirupama Rao met her Pakistani counterpartSalman Bashir in Thimphu on Sunday. The talks will include issues like Siachen, Kashmir, counter-terrorism,peace and security, economic issues, humanitarian issues, the Wullar Barrage/ Tulbul Navigation Project andAfghanistan. Krishna also said that it was "necessary" for India and Pakistan to discuss Afghanistan. "I think itwas necessary for us to discuss Afghanistan, India has been playing a very positive role in trying to buildAfghanistan in terms of our volunteers who have gone there for capacity building and so I think Afghanistan hadto be included," he said. -Agencies

Continued from page 1No #11

These are ABL, AKBL, BAFL, BAHL, BIPL, BOK, HBL, HMBL, JSBL, KASB, MCB, MYBK, NIB,SMBL, SNBL and UBL. The maximum amount for bank guarantee from the banks ranging from Rs 400million to Rs 1 billion per member per bank will be acceptable on the basis of its ranking.-Agencies

Continued from page 1No #12

He said that sacrifices would be rendered for the sake of the country. He said that international andnational courts should probe my assets and if I am found guilty then punish me otherwise thoseresponsible of leveling charges against me should be make accountable.

He said that Sarfaraz's inclusion in MQM proved that revolution is knocking at the door.Meanwhile, Sarfaraz Nawaz visited nine-zero. Dr Farooq Sattar accorded him warm welcome on

this juncture. -Online

Continued from page 1No #13

"Pakistan and India will hold talks on all the outstanding issues," Salman Bashir said while talking to media

men here. He said foreign secretaries of the two countries would meet after June to engage in dialogue while

the foreign ministers will have a meeting in July. The process of talks with India will progress with discussion

on all outstanding issues, he added. Salman Bashir underlined need for raising people-to-people level effective-

ness of SAARC. He hoped that issues between Pakistan and India would be resolved.

"Pakistan and India have made headway on key issues," the Foreign Secretary said, adding, both the countries

are willing to move forward for accomplishing progress, stability and peace.-Agencies

Continued from page 1No #14

He said the government was pursuing a policy of reconciliation, with the sole aim of serving the masses as itbelieved in the sanctity of the people's mandate. If the people do not want us back, we will sit at the oppositionbenches and continue to serve the masses, he added.

Prime Minister Gilani said when his government came into power, there was shortage of wheat, sugar andother commodities, but now their support price had been raised and the farmers were getting a hefty price forthe hard labor they put in. He said Pakistan was today in a position to export wheat, besides meeting its foodrequirements. -Agencies

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LAHORE: Chief Justice of Pakistan Iftikhar Muhammad Chaudhry addressing

a seminar organised by Supreme Court Bar Association here on Saturday.

SCBA president Asma Jehangir also present.-Online

LAHORE: Chief Justice of PakistanIftikhar Mohammad Chaudhry hassaid that administration of justicegenerates a feeling of satisfaction inthe people and thereby promotessocial peace. If the lamp of justicebecomes broken then there will begreat darkness. Injustice anywhere isa threat to justice everywhere.

Addressing at the Supreme CourtBar association here on SaturdayChief Justice said the legal fraternityserves the nation through dispensingjustice to all segments of society andall manner of people.

"The administration of justice hasalways been a covetous objective of acivilized government. But the impor-tance given to it by Islam may wellbe gathered from the fact that"Justice" is considered to be an attrib-ute of God and the administration ofJustice, as the performance of a reli-gious duty", the CJP said.

He said the State by itself is anabstract entity; it is manifestedthrough the functioning of its threemajor institutions namely legislature,executive and judiciary.

These organs are the creation of the

supreme law of the State known asthe Constitution. These organs havespecified spheres of functioning. Intheir respective areas, each organ issovereign and supreme, and so far asit remains confined to the area ofoperation, no interjection from anyother organ or institution is permissi-ble. But if so happens, there is arecourse provided to end such inter-jection.

To this extent the judicial organ isempowered to act as a referee. It maybe stated that though the judiciaryitself is also an organ of the State andas such, is required to perform some-what difficult task of having to sit injudgment over the functioning or per-formance of State organs.

The prohibition on exceeding limitsor areas of operations, is binding onall organs including the judiciary.Long ago, this Court settled the con-troversy through one of its celebratedjudgment in the case of State v Zia-urRehman by ruling that the Court toois subservient to the Constitution andits power to hear and determined, issubject to limitations containedtherein and can be exercised only

with regard to the subject over whichit is given jurisdiction. In otherwords, while adjudicating upon dis-putes and conflicts among institu-tions, the Court exercises judicialpower, as mandated by theConstitution. However in doing so,the Court is also obligated to deter-mine the extent of and limits to itsown jurisdiction.

The CJP said the challenges posedby the present-day realities require awell thought out strategy to steer thestate ship through the troubled watersin a smooth and cohesive way/man-ner. In the context of third world,more so Pakistan, it becomes incum-bent upon the judiciary to stick to theconstitutional norms and ensure thatother State organs and their func-tionaries also follow the constitution-al principles and abide by its dictates.

He said the independent judiciary iscorrelated with the democratic sys-tem, as both of them go side by side;the existence of one is indispensablefor the other. Our Constitution in itsPreamble also emphasizes that inde-pendence of judiciary shall be

See # 1 Page 7

Injustice, root causefor corruption: CJP

Justice Iftikhar address SC Bar

ISLAMABAD: The Senate StandingCommittee on Law, Justice andParliamentary Affairs on Saturdayapproved a bill moved by the govern-ment titled "The Arbitration(International Investment Disputes)bill-2010.

The bill has already been passedby the National Assembly andwas referred to the SenateCommittee on February 3 for con-

sideration.The Committee meeting was

chaired by Muhammad KazimKhan and attended by senators DrSaeeda Iqbal, Syed Zafar Ali Shahand Prof Khurshid Ahmed,besides senior officials of theMinistry of Law, Justice andParliamentary Affairs and theSenate Secretariat.

The Committee deferred two bills

including "The Criminal Law(Amendment) Bill, 2010 and "TheCode of Criminal Procedure(Amendment) Bill, 2010" , whichhave already been passed by theNational Assembly.

The Committee also deferred aprivate member's Bill "TheConstitution (Amendment) Bill-2010" introduced by Senator ProfKhurshid Ahmed. -APP

Senate body OKs Arbitration Bill

ISLAMABAD: The second pilot windenergy project has been launched byinstalling turbine at the highest pointof the Capital Daman-e-Koh.

Chief Executive Officer ofEngineering Development Board(EDB), Aitzaz A Niazi, senior officialsof the Board and members of the man-agement of AGECO firm attended theceremony.

The AGECO has earlier installedfirst wind energy turbine at F-7 cross-ing for generating energy by flow oftraffic and supply it to traffic signals.

Aitzaz A. Niazi appreciated theefforts of the firm terming it a land-mark achievement and said efforts areafoot to grant more concessions to pio-neer of the wind energy projects in thecountry.

The second wind turbine will gener-ate 2Kw energy and its life is 20 years.Therefore, it is financially viable as it

covers its cost in first year of operation.The firm planned to generate enough

wind energy for supply of electricity tostreet lights and traffic signals of theCapital.

The Board has taken up their casewith the chairman of CDA for meetingtheir demand of enough suitable sites.Later the firm planned to coverRawalpindi-Lahore motorways forsimilar projects.

According to details, a wind energyvertical turbine has been designedwhich operates at availability of windin range of 2.1 meter to 7 meter persecond against the maximum requiredrange of 3.5 meter per second to gen-erate 1.5 to 2Kw of energy in 24 hours.

The locally designed wind energyturbine will cost Rs200,000 per kw ascompared to imported turbine costingRs.1 million per Kw.

See # 5 Page 7

2nd wind energyproject launched

UNITED NATIONS: PermanentRepresentative of Pakistan to the UN,Ambassador Abdullah HussainHaroon has said that four-prongapproach, including preventive diplo-macy, Peacekeeping, Peacebuildingand systemic coordination within andoutside the UN, need to be adopted toaddress the issues of peace and securi-ty.

Participating in the debate of theSecurity Council on "Maintenanceof International Peace and Security:Interdependence between Securityand Development", here he said thataddressing root causes of conflictthrough inter alia pacific settlementof disputes; disengaging conflictingparties and reducing violence bydeploying peacekeeper; creating

conditions conducive for socio-political stability with innovativepeacebuilding strategies; and ensur-ing overall coordination among allstakeholders to forge synergies areimperative to achieve these objec-tives.

Ambassador Haroon saidPeacekeeping and Peacebuilding arespecialized disciplines with cross-cut-ting themes, which share a commonobjective of preventing relapse intoconflict.

He underlined the need for necessarybalance between Peacekeeping andPeacebuilding, which can be evaluatedfor each Mission tailored according tothe prevailing situation.

He underscored the need for a See # 4 Page 7

Pak proposes stepsfor UN reformation

ISLAMABAD: Interior MinisterRehman Malik on Saturday said thatno diplomat can carry arms while trav-elling to any part of the country.

Talking to media here at FederalInvestigation Agency (FIA) headquar-ters, he said a letter in this regard wasalready written to all diplomates and itis very much with them.

About Raymond Davis, he said thata separate case was registered againstDavis for carrying arms, however, hegot bail from the court in the case, headded.

Malik said since the Raymond Daviscase is subjudice; therefore, we shouldavoid comments on it and let the courtdecide.

The minister made it clear thatnobody could do forgery with Davispassport, adding that his passport iswith Punjab Police while the federal

interior ministry also has his record.He said, "I have a record of his

passport and visa and the file is withmy secretary and we will present it tothe High Court whenever it isrequired."

He said the name of Davis is on ExitControl List (ECL) and he is in Punjabpolice custody with special security.

"We wish to do work which are infavor of Pakistani people. Let us waitfor the decision of court in Daviscase."

Earlier, he warned those officials ofhis ministry of termination from serv-ices who would not show perform-ance.

He further said, "If someone will tryto influence me through any means forhis promotion or transfer, I will preferto suspend him."

See # 2 Page 7

No diplomat cancarry arms: Malik

Weeklyinflation

rises a littleISLAMABAD: The SensitivePrice Indicator (SPI), for theweek ended on February 10, forthe lowest income group up toRs3000, has registered increaseof 0.03 per cent over the previ-ous week.

The SPI for the week underreview in the above mentionedgroup was recorded at 296.33points as against 296.25 pointsregistered in the previous week,according provisional figuresof Federal Bureau of Statistics(FBS).

The weekly SPI has beencomputed with base 20002001=100 covering 17 urbancenters and 53 essential itemsfor all income groups and com-bined.

SPI for the combined groupalso registered an increase of0.22 per cent as it went up from280.76 points in the previousweek to 281.38 points in theweek under review.

As compared to the correspon-ding week of last year, the SPIfor the combined group in theweek under review witnessedincrease of 16.28 percent.

As compared to the lastweek, the SPI for the incomegroups ranging from Rs.30015000, Rs.5001 12000 andabove Rs.12000 increased by0.05 percent, 0.13 percent and0.24 percent respectively.

During the week underreview average prices of 10items registered decrease,while that of 22 items increasewith the remaining 21 items'prices unchanged.

See # 6 Page 7

Gasline

blown up in

Dera BugtiQUETTA: Unknown militantshave blown up gas supply linewith explosive material in DeraBugti here on Saturday cuttingof the supply of gas to theplants.

As per different reports, theunknown militants have blownup major gas supply lines inDera Bugti with explosivematerial the supply line wassupplying gas to two plantsfrom different wells.

In the first incident, morethan 8 inches wide Qatarpipeline, which was supplyinggas to well number 1, wasblown up in the area of DeraBugti, whereas in the secondincident more than 16 incheswide Qatar gas pipeline, whichwas supplying gas to well num-ber 4, 5 and 15 has blown upwith explosive material. Thesupply of gas to the gas plantshas been suspended after the

See # 3 Page 7