volume 13 | no 317 lahore cpi 251 world …by our staff correspondent islamabad: prime minister...

By Our Staff Correspondent

ISLAMABAD: Prime Minister ImranKhan has said that the land-grabbers andthose involved in illegal occupation of peo-ple’s lands in Islamabad and its suburbswould not be spared and to be dealt withsternly.

“I will not tolerate land mafia in the federalcapital at all,” the Prime Minister said whilechairing a high level meeting about the issuesrelating to federal capital on Monday.

He said the operation against land grabbersand illegal occupants of the lands of poorshould be carried out by taking the people andmedia along.

The prime minister regretted that with theinfluential generally escaping law and thepoor punished due to class distinctions in thecountry, the PTI government was committedto change this trend. The meeting was at-tended by Minister of State for Interior She-hyar Khan Afridi, Special Assistant to PM AliNawaz Awan, MNA Raja Khurram Nawaz,Secretary Interior Major ® Azeem Sulaiman,Chief Commissioner Islamabad, InspectorGeneral Police and other senior officers.

Secretary Interior briefed the Prime Minis-ter in detail about the overall situation in thefederal capital, law and order, ongoing oper-ation against land mafia and other matters.

The Prime Minister directed State Ministerfor Interior Shehryar Khan Afridi, Special As-sistant to PM Ali Nawaz Awan and MNA RajaKhurram Nawaz to prepare a special packagefor Islamabad. During the meeting, it was de-cided to establish a coordination committeeheaded by the Secretary Interior to strengthenand make more effective the ongoing cam-paign against land mafia and drug dealers par-ticularly against the use of drugs ineducational institutions.

PM calls Buzdar, Sarwar to Islamabadafter embarrassing video leak

Prime Minister Imran Khan has calledPunjab Chief Minister Usman Buzdar, Gov-ernor Chaudhry Sarwar and Speaker PervaizElahi to Islamabad after an embarrassingvideo leak raised questions about the possiblerift within the Punjab government.

In the video, which went viral on weekend,Tariq Cheema can be heard telling seniorleader Jehangir Tareen to control ChaudhrySarwar.


ISLAMABAD: PrimeMinister’s Special Assistanton Accountability ShahzadAkbar said that the AssetRecovery Unit has traced as-sets of worth Rs700 billionin 10 countries.

He was addressing a jointnews conference, along withPrime Minister’s Special As-sistant on Media IftikharDurrani and PTI leader Sen-ator Faisal Javed Khan in Is-lamabad on Monday.

Shahzad Akbar said theseassets were acquired throughmoney laundering and fakeaccounts. He said initiallyonly big fish are being tar-geted. He said over 1.3 bil-lion dollars were launderedabroad through five thou-sand fake accounts.

The special assistant saidPakistan has become thethird biggest country, whosecitizens own real estate inDubai. He said more infor-mation will be shared withthe people as the ARU deci-phers the data received from

various countries, includingDubai Land Authorities.

He said in past, work per-mit was used by various in-fluential people to laundermoney and to dodge ac-countability radar.

Iftikhar Durrani said prop-erties worth 15 billion dol-lars were acquired byPakistanis in Dubai onlyduring last 10 years. He saidARU is working in collabo-ration with other institutionsto trace the ill gotten money.

Faisal Javed Khan saidPTI government is commit-ted to curb corruption andmoney laundering at allcosts as per its election man-ifesto.

Another report adds: Thegovernment has identifiedmore than 5,000 fake ac-counts which were allegedlyused for money laundering,said Special Assistant toPrime Minister on Account-ability Shahzad Akbar onMonday.

Akbar, flanked by SenatorFaisal Javed and Adviser toPM Iftikhar Durrani, held apress conference to share the

progress made by the assetsrecovering unit — a jointplatform of officials fromthe State Bank of Pakistan,the Federal Board of Rev-enue and watchdogs to bringback illegal money stashedabroad.

The adviser told the mediathat assets worth $5.3 billionwere made in Dubai alonethrough alleged money laun-dering. "The amount trans-lates into Rs700 billion," hesaid, adding that further de-tails of all Iqama holderswere being collected withthe help of Dubai authoritiesas well as the local mecha-nism.

The accounts and foreignproperties were found dur-ing the investigations intothe ongoing cases. The de-tails of each and every casewill be shared with mediawhen corruption referenceswill be filed properly,Iftikhar Durrani added.

"$1.5bn properties boughtin Dubai are a small esti-mated faction of the ill got-ten money [launderedabroad]," said Akbar.


ISLAMABAD: A meeting ofthe Economic CoordinationCommittee (ECC) on Mondayapproved a financial supportpackage worth Rs17.022 billionfor national flag carrier PakistanInternational Airlines (PIA).

Members of the meeting —chaired by Minister of FinanceAsad Umar — also decided toallocate 10 million cubic feetper day (MMCFD) gas from theBitrism field to Sui SouthernGas Company Limited(SSGCL).

Sui Northern Gas PipelinesLimited (SNGPL) has also beenallocated 12MMCFD gas fromthe Dhok Hussain fields.

The winter months – Decem-ber to February – are expectedto be very tough for urban resi-dential consumers in terms ofgas shortfalls amid commit-ments from the new governmentto ensure uninterrupted gas sup-plies to the industrial sector,particularly the zero rated fiveexport industries, at highly sub-sidised prices.

Earlier, sources had toldmedia that the Petroleum Divi-sion had estimated up to a 50percent gas shortfall to theurban population in Punjab andto some extent in Khyber

Pakhtunkhwa — both beingserved by SNGPL.

It was proposed that the gov-ernment should provide a directsubsidy to SNGPL for domesticconsumers with an injection ofabout 150MMCFD additionalgas at three peak consumptionintervals around cooking hours.

Another report adds: TheEconomic Coordination Com-mittee (ECC) on Monday hasdeferred gas load managementsummary and approved supplyof 22 mmfc gas per day.

Federal Finance MinisterAsad Umar chaired the meetingand reviewed four point agendaincluding gas load managementsummary and Pakistan Interna-tional Airlines (PIA).

Petroleum ministry had ear-lier sent the summery of gasload management plan to ECCfor approval but the meeting hasdeferred the summary.

On the other hand while dis-cussing PIA, the committee hasapproved the release of Rs 17billion funds for the department.

The meeting also discussedthe issues relating to LNG ter-minal construction and the pro-duction of gas from the DhokHussain One Field. The ECChas approved a supply of 10mmfc gas from Betam fieldand 12 mmfc Dhok HussainOne Field.

By Our Special Correspondent

LAHORE: Punjab Finance Minis-ter Makhdoom Jawan Bakhat Hashimsaid on Monday that the provincialgovernment wants all districts togrow on equal pace during the nextfive years. For this purpose it willwelcome World Bank and other de-velopment partners investment andpublic private partnership in SouthPunjab, beside acknowledge the tech-nical support from them.

The PTI led Punjab governmentwill announce first five-year develop-ment plan for the province which willfocus towards service delivery, agri-culture sector growth, construction of

dams, upgradation of cities, and re-vival of the industries.

The minister expressed these viewsin a workshop with World Bank mis-sion organised by the Planning andDevelopment Department. The Bankdelegation was led by its country headPatchamuthu Illangovan while offi-cial concern from various depart-ments also attended the workshop.

The minister said that the govern-ment will also announce medium termframework and public the long terminvestment policies. He said the gov-ernment focusing brining agriculturerevolution for which all segments ofthe sector would be improved. Fur-ther, Technical Education & Voca-

tional Training Authority (TEVTA)and other skill development institu-tions would be upgraded for skill de-

velopment. The workshop has also discussed

uplift development projects and budg-etary allocations for the uplift of thesouth Punjab along with pointing outthe investment opportunities in theprovince.

The minister believed that the in-teractive session between the WorldBank and Punjab government wasuseful and such session should becontinued in future too.

The minister in another meetingwith the World Bank mission alsohighlighted the resources mobilisa-tion steps were taken by the Punjabgovernment which resulted in in-crease in provincial revenue genera-

tion. Further, he pointed that therewas vast scope in expansion in re-source generation along with im-provement service delivery.

He said the government focusinglong term policies for resources mo-bilization, tax system reforms, andbetterment of social sector whichshould not be limited to current gov-ernment rather sustainable and con-tinued in the future too. However,Chairman P&D Habibur RehmanGillani expressed the concern of thePunjab government on some of theWorld Bank projects. The World Bankdelegation explained the supportgiven by it to Punjab government invarious sectors.

Rab-ul-Awal 04, 1440, Tuesday, November 13, 2018

Ronaldo keepsJuventus flyinghigh with winover AC MilanUAE gold rates spike;

rally to continue?

6P106P9SPORTS

www.thebusiness.com.pk

Regd No. CPI 251WORLD STOCKS/COMMODITIES

PAGES 12 | Rs 20

VOLUME 13 | No 317 Lahore

TheBusinessAn English Daily published simultaneously from Lahore and Faisalabad

The Business Report

KARACHI: At the Pakistan StockExchange (PSX), bears remaineddominant for the most part of theday, on Monday. The indices tradedon both sides during the session andlater followed a downhill path to endin red. Foreign investors ended as netsellers in the last week with a netoutflow of $9.43 million.

The KSE 100 index depleted335.91 points shortly after the com-mencement of the session to touch an

intraday low of 41,052.97. It endedthe session lower by 292.55 points at41,096.33. The KMI 30 index rolledlower by 193.23 points to close at19,686.91, while the KSE All Shareindex declined by 118.71 points tosettle at 29,816.55. The advancers todecliners ratio stood at 106 to 222.

Trading volume declined by 19percent from the last trading sessionand was recorded at 178.02 million.K-Electric Limited (KEL -0.99 percent) led the volume chart exchang-ing 17.72 million shares, followed by

Lotte Chemical Pakistan Limited(LOTCHEM +2.61 percent) with15.91 million shares and SiddiqsonsTin Plate Limited (STPL -0.53 per-cent) with 11.97 million shares.

The tobacco sector (+4.23pc),chemical sector (+1.99pc), miscella-neous sector (+1.83pc), textile weav-ing sector (+1.68pc) and glass andceramics sector (+1.47pc) wereamongst gainers for the day, whilelosing sectors included close-endmutual funds (-3.41pc), food andpersonal care products (-3.02pc) and

engineering sector (-2.56pc).The cement sector lost 2.49pc

from its cumulative market capitali-sation. Cement giant Lucky CementLimited (LUCK) depreciated by3.70pc, whereas D G Khan CementCompany Limited (DGKC) and Best-way Cement Limited (BWCL) de-clined by 2.70pc and 1.99pcrespectively. Fauji Cement CompanyLimited (FCCL -1.45pc), Maple LeafCement Factory Limited (MLCF -2.40pc) and Cherat Cement Com-pany Limited (CHCC -3.63pc) also

ended negative.Honda Atlas Cars (Pakistan) Lim-

ited (HCAR -5.00pc) touched itslower lock after the company re-leased its financial performance forthe second quarter of Financial Year2018-19 (2QFY19). No payout wasdeclared along and the company’ssales appreciated by 13pc YoY.

The earnings per share on the otherhand declined by 36pc YoY, whilethe cost of sales increased by 20pcYoY which resulted in a decline ingross profit margins of 39pc YoY.

Committee approves release ofRs 17 billion funds for PIA

ECC defers gasload summary

Medium, long term investment policies soon: Bakhat

PSX plunges 292 points amid lacklustre trading

ISLAMABAD: Federal Minister for Finance, Asad Umar chairs the meeting of the Economic Coordination Committee of the Cabinet.

Holland embassyclosed due to

security concernsThe Business Report

ISLAMABAD: The process of issu-ing visas has been halted temporarily atthe Embassy of the Netherlands in Is-lamabad.

In a clarification post by the em-bassy, all the interviews of visa seekershave been canceled for two days due toconstruction work.

In case of any questions/comments,please contact the embassy at 051 2004444 or [email protected], it furtheradded.

SK interested in upgradation ofrailway trackBy Our Staff Correspondent

ISLAMABAD: Minister for Rail-ways Shaikh Rashid has said that Pak-istan Railways is ready for mutualcooperation with South Korean.

The minister mentioned, “PakistanRailways is open to all merit based in-ternational investments."

Kwak Sung-Kyu, Ambassador ofSouth Korea to Pakistan called on Sh.Rashid Ahmad, on Monday at ministryof Railways.

The Ambassador showed interest inup gradation of Ml II and III.

A high-powered South Korean dele-gation is coming to Pakistan and willvisit different departments of PakistanRailways on 3rd December this year.

Rashid said that up gradation of MLI, II and III is his priority.

Dollar at Rs 133.85 in interbank market

The Business Report

KARACHI: Dollar traded at Rs133.85 in interbank market showinga stable position on Monday.

In the open market, value of theUS dollar is fluctuating betweenRs130 and Rs133.70.

The experts are of the view thatPakistan and IMF talks will deter-mine the situation of Pakistan’s econ-omy, however, after receiving $1billion an improvement in economicsituation is expected to happen.

ASEAN tradeministers sign

accord on e-commerce

The Business Report

PARIS: Trade ministers of the As-sociation of Southeast Asian Nations(ASEAN) member states havesigned an agreement on e-commerceencouraging paperless trading be-tween businesses and governmentsof the member countries to generaterapid and efficient transactions.

Speaking at the signing ceremony,Singapore Minister for Trade and In-dustry Chan Chun Sing said agree-ment will enable ASEAN businessesto grow domestically, regionally andglobally.

FBR initiatesonline refundingfor exporters

The Business Report

KARACHI: The Federal Boardof Revenue (FBR) on Monday hasinitiated online payments of sales taxrefunds to exporters.

The FBR has released Rs 8.70 bil-lion to pay back the refundableamount to 700 exporters who hadmade claims. The refundable amountwill be transferred to the bank ac-counts of the exporters, FBR added.

The economists have expressedthat issuance of funds to exporterswill help them to avoid mega loansfrom banks. The experts added thatthrough the implementation of thispolicy, production cost is expected toreduce. They asserted that if govern-ment maintains the adjustments ofamount, a prominent decline in thegoods’ imports is also expected.

CMYK

CMYK

Assets worthRs700 billion in10 states traced

g Over 5,000 fake accounts used; assets acquiredthrough money laundering, fake accounts: Akbar

Land-grabbers in Islamabad,suburbs not to be spared: PM

g Punjab government wants all districts to grow on equal pace

Quick Read

AkzoNobel becomes exclusive producer of

coil coatings in PakistanLAHORE: Customers in Pakistan now

have direct access to AkzoNobel’s coilcoatings following the start of productionin Lahore, making the company the onlylocal manufacturer of coil coatings in thewhole country. Akzo Nobel Pakistan Limited has been

supplying imported coil coatings since2015, alongside a wide range of decorativeand specialized performance products. Localizing the manufacture of coil coat-

ings means that providing customers withpremium products and services has now be-come easier, faster and more efficient.“We have been working towards bring-

ing complex technologies to Pakistan forsome time,” explains Ismail Naqvi, Busi-ness Manager for AkzoNobel PerformanceCoatings. “Localizing the production ofcoil coatings will not only accelerate eco-nomic activity, but will also increase theskill set and capability of our employees. Inaddition, local manufacture of robust andsustainable products will increase aware-ness forour business among customers andfuture manufacturers of colour coatedsteel.” Added Yousuf H. Mirza, CEO of Inter-

national Steels Limited: “We are proud tocollaborate with AkzoNobel Pakistan totransfer technologies to ourcountry. —PR

PHC seals drug addiction treatment, rehabilitation centre

By Our Staff Reporter

LAHORE: The Punjab HealthcareCommission on Monday has sealed a drugaddiction treatment and rehabilitation cen-tre for insufficient psychiatric, health andresidential facilitiesafter evacuating 21 per-sons. According to details, the PHC team had

conducteda raidon the Arshad Rehab Ad-diction Treatment Centre in Johar Town,which was functional without the requisitehuman resource, that is, psychiatrists, psy-chologists, doctors, para-medical staff, etc.,and insufficient facilities like the residen-tial and emergency cover.The team evacu-ated 21 persons, got them examined andwere handed over to their relatives prior tosealing the premises. The spokesperson of the PHC has said

that so far theCommission has conductedraids on 82 drug addiction treatment and re-habilitation centres, and evacuated 672 per-sons. “Out of the visited centres, 37 havebeen completely and six partially sealed,”he said, adding that show-cause noticeshadbeenserved on 24 centres after stoppingthem from taking new admissions and dis-charging the admitted patients.

Tuesday, November 13, 2018

LAHORE/NATIONAL |02TheBusiness

LAHORE: Inspector General of Punjab Police Amjad Javed Saleemi with 22 ASPs at the Central Police Office.


LAHORE: According to the visionof Prime Minister of Pakistan andChief Minister Punjab, de-politicizingprocess in police department is under-way and gradually it will become apo-litical force in real sense which willonly be a true public servant. In this regard, a strategy is being

adopted having three priorities i.e.Welfare of the force, elimination ofcorruption from the department andimplementation of strict accountabilitysystem. This was stated by Inspector General

of Police (IGO) Punjab, while address-ing the delegation visiting 22 ASPs of45th common at Central Police Office,Lahore, on Monday. Addl: IG Estab-lishment Punjab Ejaz Hussain Shah,Commandant National Police Acad-emy Muhammad Tahir, Additional IG

Training, Tariq Masood Yasin, Addl:IG Operations Azhar Hameed Khokharand DIG Training Muhammad Idrees,with other senior officers were alsopresent at this occasion.Amjad Javed Saleemi said that for

the very first time transfer and postingsof the officials are being made withtheir consent with a view to providethem mental satisfaction so that theycan perfom their duties with a dedica-tion and due diligence and this is theway we can get hundred percent betterresults in terms of their performance,added the PPO.The provincial Police Chief further

said that for the elimination of corrup-tion from department already estab-lished Internal Accountability Systemis being strengthened and in this regarda strong accountability system will beimposed after the proposals and rec-ommendation of the field officers.

He further said that if involvementof any one among the force surfaced infacilitation of land grabbers, misuse ofpowers and high handedness will bedealt strictly.Amjad Javed Saleemi said that the

investigation system is also being re-modified and upgraded and for the pur-pose investigation officers will berecruited through Public Service Com-mission and the process will be com-pleted within 5 to 7 months. He said after the completion of re-

cruitment process all these officers willbe deputed in investigation branchesacross Punjab. The PPO discussed that the petty is-

sues and fake complaints not onlywaste the time of the law enforcingagencies but also moved the com-plainant towards litigation which istime consuming and waste of money. He said that for the settlement of

petty disputes amicably AlternateDispute Resolution Committees arebeing established at district levelacross province which will be thanabased having separate room to ad-dress the petty grievances of the pub-lic. He said each committee will becomprising of 21 persons includingthe notables of the concerned district,well reputed and retired judges, pro-fessors, religious scholars, lawyers,senior journalists and public repre-sentatives. These committees will also have the

legal cover. While answering the questions of

the media on this occasion regardingthe murder of Maulana Sami ul Haq,IGP said that his murder was not ter-rorist act. The police is investigatingthis case and when the investigationgets completed it will be shared withmedia.

De-politicising process in policedepartment underway: IGP

Linking Qibla e Awalwith Zionists

Siraj strongly flays PTI MNA’s suggestion By Our Staff Reporter

LAHORE: Amir, Jamaat e Is-lami (JI), Pakistan, Senator Sira-jul Haq, has strongly condemnedthe suggestion from a PTI MNAparliament for linking the Qibla eAwal with the Zionists and pro-posing the recognition of Israel. Speaking at the JI Ijtema at

Gujrat, he called upon the gov-ernment to immediately clarifyits stance on the sensitive issue. He termed the idea a negation

of the Muslim world’s 1400 yearsold stance on Baitul Maqdis, andsaid the suggestion had hurt thesentiments of the entire MuslimUmmah.Sirajul Haq said the PTI

woman member Asma Hadeed,was either totally ignorant of theIslamic teachings or the govern-ment was deliberately advancingthe foreign agenda in this regard. He said that Israel had been oc-

cupying the Qibla e Awwal byforce and the Palestinians werefighting for its liberation. Lakhs of Palestinians had laid

down their lives for this cause. He said that such a move from

a ruling part y member was ex-tremely shocking. He said thegovernment should immediatelydisown the suggestion. Sirajul Haq said that the

Qadyanis’ protection in differentinstitutions on one hand and theproposal for Israel’s recognitionon the other hand, was not a merecoincidence and seemed to be the“Deal of the Century”, at interna-tional level and aimed at recogni-tion of the illegal Zionist state byeviction of the Palestinians fromtheir lands., and further divisionin the Muslim world. He said that the Pakistani na-

tion stood by the Palestinians asthe Pakistanis firmly believedthat the Qibla e AwwaL would befree one day. He counseled thegovernment to give up the idea ofrecognition of Israel and insteadgive full attention to the fulfill-ment of its election promises.Meanwhile , the newly elected

President of the Supreme CourtBar Association, AmanullahKanrani, called on the JIP chiefat the residence of JI deputychief Mian Muhammad Aslam,on the invitation of the JI chief.JI deputy chief Asadullah Bhuttoadvocate, Shabbir Ahmed Khanand Saifullah Gondal advocate,were also present on the occa-sion.


LAHORE: In order to streamlineprocedure relating to removal, exami-nation and assessment of the cargomeant for Karachi Export ProcessingZone (KEPZ), or the goods exported totariff area, MCC Export Port Qasim hasissued guidelines for strict implementa-tion by the examination and assessmentstaff.Removal of goods to KEPZ: On re-

ceipt of Goods Declaration (GD) alongwith Bill of Lading and other relevantimport documents, the examining/as-sessing officer shall ensure the originalMaster Bill of Lading is annexed withthe GD. Tracking of Bill of Lading aswell as container shall be undertakenfor ascertainment of bonafide of Bill ofLading and actual port of shipment andthis aspect shall be endorsed on thecopy of Bill of Lading by the concernedAppraising Officer.iii. In case of cargo originating from

sensitive ports e.g. UAE, China, Singa-pore, Hong Kong, Indonesia, Malaysiaand Korea, the examination order shallbe endorsed for scanning/weighment ofthe container at the port of arrival by

t h estaff ofrespec-

tive Collectorate followed by specialescorting by the staff of MCC-Preven-tive and tracking by M/s TPL Trakker.Examination of foods at KEPZ im-

ported from abroad: On receipt of dulyescorted and sealed container fromMCC-Preventive and tracking by M/sTPL Trakker the appraising officer shallensure the de-sealing of the containerand tracker in his presence in notifiedexamination area in KEPZ.In case of goods found to be of sub-

standard and inferior quality, the Ex-amining Officer shall call the trackerhistory of the container from TPLTrakker and shall counter checkwhether any route deviation or exceedtrip time or otherwise has occurred. Ifthere is any route deviation or exceedtrip time the matter shall be reported toDeputy Collector (KEPZ) for initiatingpreliminary investigation with regard tosuspected en route replacement ofcargo or deviation of vehicle from thespecified route given to the trackingcompany.iii. In case of mis-declaration of de-

scription the goods shall be detainedunder Section 168 of the Customs Act,1969 followed by initiation of Contra-vention Report.Assessment of imported goods at

KEPZ: On the basis of examination re-

port, the concerned Assessing Officershall ensure proper classification,valu-ation of the goods.Examination/assessment of goods

meant for tariff area: In case of riskprone items involving revenue implica-tions e.g. Paper & Paper Board andPlastic of all sorts meant for tariff areatheinvestor shall present the goods

under First Examination System andafter conclusion of the assessment heshall pay the taxes and then remove thegoods directly from the examinationarea to the tariff area and this will avertany possible replacement of examinedgoods. However, rest of the goods shallbe examined under Second Appraise-ment System as was being done previ-ously.Goods meant for tariff area under

Rule 229 of the Customs Rules, 2001notified vide SRO 450(1)2001 forhome consumption the assessing offi-cer shall ensure application of relevantImport Policy Order (IPO) and other re-quirement prescribed under the Cus-toms Act, 1969 including assessmentunder the provision of Section 25 of theCustoms Act, 1969 and levy of Valua-tion Ruling / Assessment guideline asis being followed by other Collectoratein the tariff area.

Guidelines issued for assessment,examination of cargo

LAHORE: Stall holders standing in a group photo at a Family Festival organised at the Expo Centre .


LAHORE: Senior Minister PunjabAbdul Aleem Khan has ordered to en-sure proper cleanliness work done bythe Solid Waste Management in Rail-way colonies. He added that masses has no link with

the jurisdiction and official complica-tions and they need immediate reliefthrough removing garbage in time andon daily basis. He expressed this whiletalking to media here at Moghalpurawhere he visited to inspect the cleanli-ness situation around this area. He saidthat after spending 1.25 billion monthlyin Lahore City there should be 100 percent cleanliness and Solid Waste Man-agement and concerned companiesshould fulfill its responsibilities ac-tively. Senior Minister said that me-chanical sweeping and washing of onlymain roads cannot fulfill the purposesand in side roads, streets and intersec-tions of vicinities proper cleanliness andgarbage removal should be done everyday. He also directed PHA authorities to

complete maintenance and decorativework of park at Moghalpura Road sothat children can play there properly. Replying a question, Abdul Aleem

Khan asked the media to highlight any

encroachment taking place again andstern action would be taken immediatelyand no retaking would be allowed. He said that the Local Bodies Depart-

ment is evolving solid mechanismwhich would produce better results inthe coming days. Abdul Aleem Khansaid that including Orange Line Train allthe incomplete projects would com-pleted because heave amounts of peo-ple’s funds been already utilized. He said that we cannot leave the proj-

ects only due to the reason that they donot have our name plates like ShahbazSharif did in Wazir Abad Cardiologyand Mian Mir Hospitals and wouldcomplete them at all costs.Replying to political questions, Abdul

Aleem Khan said that Ch. Pervaiz Elahihas great political background andsound personality and being the ally ofus it is our moral and political responsi-bility to attend his reservations. He said that assumptions in this re-

gard are not correct and there is no mis-understanding at all and smoothworking of the Punjab Government willcontinue in the coming days. Aleem said that Imran Khan is our

Captain and whatever position will begiven by him to any player performancewould be given accordingly. He said that the difference between

present and past government is that noweach and every Minister has powers towork in his domain and it is not one manshow. He said that our political oppo-nents have nothing to do but make anoise only to hide their corruption butthey would not succeed in their aimsand will have to face music. AbdulAleem Khan said that instead of talkingabout ourselves leagues should preparethemselves to either give back the na-tional money which they plundered inthe name of mega projects or go to jail.Meanwhile, spokesman of Senior

Minister Punjab also criticized ex-Gov-ernor Sind Mohammad Zubair onlamenting baseless allegations on AbdulAleem Khan and said that in fact afterremoval from Governorship he has losthis mental balance too and needs imme-diate medical checkup. He said that Mo-hammad Zubair should be ashamed onadvocating those who looted nationalexchequer and did corruption from eachproject. He added that first MohammadZubair should disclose that on what kindof services he was given the Governor-ship and now he cannot raise his politi-cal height by using such language aboutAbdul Aleem Khan who left his lastMinistry in 2007 and remained 11 yearsin opposition while his party was inGovernment.

Aleem orders to ensure proper cleanliness in Railway colonies

KP CM directs up-gradationof Said Medical College,Teaching Hospital

PESHAWAR: Chief Minister Khyber Pakhtunkhwa Mah-mood Khan has directed for up-gradation of Saidu MedicalCollege and Saidu Teaching Hospital as expeditiously as pos-sible in order to make the healthcare facilities efficient to coverthe needs and requirements of the entire Malakand division. “The status of DHQ Hospital Swat and Saidu teaching Hos-

pital should remain separate”, he added.He was addressing a high level meeting at his office Chief

Minister Secretariat Peshawar that focused on Saidu TeachingHospital, DHQ Swat, Saidu Medical College, Madyan Hospi-tal, Swat Jail and Malam Jabba road and made a number ofdecisions. The meeting identified different issues and ob-structions and requested the chair to resolve them. The ChiefMinister directed the finance and P&D department for the re-lease of required funding to complete these facilities for thebenefit of people.Provincial Minister for Communication Akbar Ayub, MPA

& DDAC Chairman Swat Fazle Hakim Khan, Secretary Fi-nance, Secretary P&D, IG Prison, Chief Executive Saidu Hos-pital and others attended the meeting.The Chief Minister was briefed about different ongoing

schemes in health and other sectors. The Chief Minister di-rected to immediately remove obstacles delaying the comple-tion of these ongoing schemes. The provision of funds shouldnot be a problem, he directed. —APP

I Waqas have passed theSecondary SchoolAnnual/Supply Examination2015 under Roll No 185237from B.I.S.E Lahore. My Fa-ther's name is Sharoon Rafiwheras on my certificate myfather’s name has beenmentioned as AamarBhatti which is incorrect.I want to get changed my

father's name from AamarBhatti to Sharoon Rafi. Ifany person/organization/agency have any objectionthen the same may be inti-mated in writing to the Sec-retary, Board ofIntermediate and SecondaryEducation, 86- MozangRoad Lahore within 15days.

CORRECTION OF FATHER NAME

I Azmat Said Muham-mad Chishti have passed theSecondary SchoolAnnual/Supply Examination1975 under Roll No 34046from B.I.S.E Lahore. My Fa-ther's name is Dewan Ghu-lam Qutab ul Din Chishtiwheras on my certificate myfather’s name has beenmentioned as GhulamQutab ul Din which is in-correct.I want to get changed my

father's name from GhulamQutab ul Din to DewanGhulam Qutab ul DinChishti. If any person/orga-nization/ agency have anyobjection then the samemay be intimated in writingto the Secretary, Board ofIntermediate and SecondaryEducation, 86- MozangRoad Lahore within 15days.



FAISALABAD |02TheBusiness

FAISALABAD: Special persons raise slogans while protesting in favour fo their demands outside the Deputy Commissioner Office.— Online

Implementation of Withholding Tax

Banks’ net profit declines


FAISALABAD: Sincethe implementation of With-holding Tax, the bank's netprofit has been declined ,apart from it after the cyberattacks, the issues faced bydifferent depositors causedserious setback to them, it isthe core responsibility ofState Bank to consider theconstraints of account hold-ers in larger volume andpolicy should be devised toadjust the losses of accountholders expedite as sincelong banks are earning hugeprofit and it is their legal ob-ligation to address the cybercrime losses these viewswere expressed by Muham-mad Zubair Mirza ConvenerSME Bank FinancingForum in a press release is-sued here on Monday.He said banks seriously

need to improve the onlineIT security as well as corpo-rate governance as we haveseen heavy fine on HBL bythe US regulatory authori-ties and numerous fraud andembezzlement cases are alsoinvestigated in NBP in re-cent years. He said the SBP should

take measures to put inplace and enforce good gov-ernance practices to im-prove the internal controlsand bring about a change inthe organizational culture.He said in today’s world

both internal and externalfactors affect the bankingsystem which need constantsupervision by the regulatorthere should be a formal andcomprehensive documenta-tion of economy.He said a very large num-

ber of individuals are stillnot in the banking ambit andoperate outside the orbit ofbanking system. It is very important to

bring that segment in the netand banks would be able toattract billions of rupees. He said present govern-

ment has ambitious plans toconstruct affordable housing

schemes though governmenthas yet to announce the pol-icy framework for housingschemes and house buildingloans in this area will helpgovernment in providing af-fordable housing to the peo-ple.He said it is also thought

provoking regarding the fu-ture outlook of the sector,SBP says profitability willdepend on the momentum ofadvances, developments inthe foreign-exchange mar-ket and performance of thecapital market.He said presently the onus

for this lies in the capabili-ties of SBP as an able cen-tral regulatory authority,whose policies haveshielded Pakistani banksfrom excessive leveragingand making high risk invest-ments, as the key challengesfor the industry are to re-duce Non Performing As-sets. He pointed out thatbanking sector’s profitabil-ity fell three percent year-on-year to Rs39 billionduring the April-June quar-ter mainly due to pensionand compliance related ex-penditures, a brokerage said.He said net interest in-

come (NII) of the listedbanks, except Summit Bank,rose eight percent year-on-year to Rs124 billion in2Q2018, led by higher inter-est rates and improved de-posit mix, according toTopline SecuritiesHe said the State Bank of

Pakistan (SBP) raised policyrate by 175 basis points to7.5 percent since January,which supports NII goingahead as we anticipate SBPto increase interest rates byfurther 225 basis points to9.75 percent by 2020. He said mid-tier banks re-

mained outperformers asthey posted above averageNII growth during the quar-ter. Amongst large banks,MCB Bank and NationalBank posted NII growth of13 percent.He said total provisioning

expense of the sector was upfive percent as banks con-tinued to see major recover-ies in non-performing loans(NPLs) as banks bookedprovision reversals. He added United Bank

(UBL) and National Bankcontinued to book higherprovisions charge againstNPLs as they booked provi-sion expenses of Rs2.3 bil-lion and Rs2.6 billion,respectively, during the sec-ond quarter.

Vast opportunities of exports,investment in Syria: FCCI

— Syrian agriculture production recorded an amazing increase of28 to 30pc only due to tunnel farming, drip irrigation system


FAISALABAD: Pakistani exporters shouldpenetrate into the war-battered Syria as still thereare lots of opportunities for exports and invest-ment, said Former Pakistani ambassador ViceChief of Air Staff (retired), Syed Athar HussainBukhari Sitara-e-Basalat / Sitara-i-Imtiaz.Addressing members of the Faisalabad Cham-

ber of Commerce & Industry (FCCI), he told thathe had just returned back from his ambassadorialresponsibilities in Syria after spending two yearsin this war torn country. He told that Syria is a small country with the

population of only 22 million but Syrians are suc-cessfully fighting against the foreign intrusion. He told that despite of a long and protracted

war its agriculture production has recorded anamazing increase of 28 to 30 % only due to tun-nel farming and drip irrigation system. He told that the prices of vegetables remained

low due to enhanced production. However, he told that the war has entirely an-

nihilated the oil and other industry which hasopened new avenues for challenging business-men.

He told that despite of massive devastation,there are opportunities of businesses as the Syrianbusinessman are continuing their imports throughBeirut based banks. Currently they need immediate investment in

cement and pharmaceutical sectors and in thisconnection Pakistani investors should avail formthese opportunities. He quoted an idiom that there is “wind fall

profit where there are risks” and hence, Pakistaniexporters should take risks to earn maximumprofit.Earlier Syed Zia Alumdar Hussain President

FCCI welcome the retired Vice Chief of Air Staffand told that FCCI was already sending trade del-egations to different countries to enhance exportsparticularly from Faisalabad to the potential in-ternational markets.Dr Khurram Tariq, Senior Vice President Mian

Tanveer Ahmed, Vice President Engineer Ihte-sham Javaid, Engineer Rizwan Ashraf and Engi-neer Ahmed Hassan were also present during thismeeting. Later Major (retired) Shah Nawaz pre-sented FCCI shield to Former Pakistani ambassa-dor retired Vice Chief of Air Staff Syed AtharHussain Bukhari.

Smuggling of red chilliseeds worth Rs 8m foiled

The Customs Intelligence and Investigationteam foiled an attempt of smuggling of red chilliseeds worth Rs 8 million involving duty and taxesworth Rs 3.5 million. The Deputy Director Rana Irfan Shaukat re-

ceived credible information from his source aboutthe smuggling of foreign origin red chilli seeds.Deputy Director formed special team to thwartany smuggling attempt. Special team comprised Sepoy Mansoor Nasir,

Muhammad Shahbaz, Muhammad Zeeshan andhawaldar Muhammad Iqbal and others.Customs Intelligence team searched a truck

parked near Jhang Road and found foreign ori-gin red chilli seeds 50 bags. The red chilli seedswere being transported to Faisalabad fromNarowal. Customs Intelligence team asked theowner Naimat ullah to produce documentsshowing the legal import of the recovered itemsbut he failed to produce any documents. Cus-toms team seized the red chilli seeds under Cus-toms Act 1969. Further investigations againstthe seized red chilli seeds are still underway tillthe filing of this report.

CHINIOT: A carpenter makes wooden doors at his workplace.—Online

Zong 4G to further expand its largest 4G network By Our Staff Reporter

FAISALABAD: After reaching the prolificmilestone of being the first telecom companyto have 10,000 operational 4G sites across thecountry, Zong 4G, Pakistan’s number one datanetwork, is aggressively eyeing to rollout addi-tional 2,000 4G cell sites by the end of 2019.With this extensive and fastest rollout plan,

Zong 4G will maintain the position of the firstand sole operator which is investing heavily toprovide state-of-the-art 4G services to its cus-tomers across Pakistan.According to company’s local office state-

ment, this step will be a major leap towardsachieving 15,000 fully operational 4G cellsites by end 2020. Numbered in several mil-lions, Zong 4G’s customers are based acrossthe country, spread from Karachi to Khyber. Recently, the telecom company’s subscriber

base in the 4G market has grown to more than8 million, implying that maximum customersin maximum strength will be benefitting fromZong 4G’s unrivaled 4G technology coupledwith widest and massive network outreach.“For Zong 4G, customers are the first and

foremost priority. Our resolve is to keep doingthe best to serve our valued subscribers. We are rolling out a fastest network expan-

sion plan to increase our 4G sites so our cus-

tomers can feel empowered with seamlessconnectivity across Pakistan,” the company’sstatement.

FBR issues advice to SBP

FBR has issued an advice to the SBP formaking payment of sales tax refunds amount-ing to Rs 8.74b mainly textile sector to facili-tate the exports. The payment will benefit 739claimants from five export-oriented zero-ratedsectors i.e. textiles, carpets, leather, sportsgoods and surgical instruments. The refundhas been paid against 4,117 refund paymentorders issued up to 8th November, 2018.The refund payments shall be transmitted

electronically to the respective bank accountsof claimants by the State Bank of Pakistan bythe close of banking hours on Monday, 12thNovember, 2018. The payments have beenmade to all those claimants of the aforesaidcategories who had provided their bank ac-count details in IBAN format. Those refundclaimants who have not provided accountnumber in IBAN format are requested to pro-vide the same through their user ID on FBR’sweb portal. Further, Federal Board of Revenueis conscious of the problems being faced bythe businesses on account of outstanding re-funds and is working on plan to pay remainingoutstanding refund claims at the earliest.

Clean & Green Pakistan ProgrammeUAF gears up efforts to encourage students


FAISALABAD: The Universityof Agriculture Faisalabad (UAF) inorder to make Clean & Green Pak-istan Program a success and rolemodel for rest of the country, hasgeared up its efforts by taking allstakeholders on board and encourag-ing students, community participa-tion and enhancing their ownershipin the campaign. Participating in atree plantation ceremony at FirdousColony as chief guest, Vice-Chancel-lor Prof Dr Zafar Iqbal Randhawaurged the residents to constitute anelected body who will look after the

affairs of the colony and frame cer-tain bylaws for the residents ensurecleanliness and other requirements ofthe locals.Addressing the participants Dr

Zafar Iqbal Randhawa said that with-out enhancing ownership of the com-munity, no program could get itsbenefits and achieve the target objec-tives. He told that the varsity is making

efforts to involve every employeeand resident student of the hostels tonot only plant fruit saplings in theirrespective hostels and localities butalso look after the plant throughouttheir stay at campus.

Describing the philosophy ofchange, Dr Randhawa, who wasflanked by Principal Officer EstateManagement Dr Laeeq Akbar Lodhi,Executive Engineer Saadat ul Islam,SDO Muhammad Ikram, politicaland social leader Mubashar Hussain,Estate Officer Shehzad Mehmood,Chief Security Officer Col (retired)Amir Butt, Incharge Gardening DrRai Muhammad Asif and other nota-bles said that we need to change our-selves and surrender our vestedinterest against the collective benefitsof the community.He asked the residents to urge their

kids plant the saplings and take care

of them for rest of their lives withoutforecasting who will enjoy its fruits.Addressing the demands of the res-

idents, Dr Zafar Iqbal Randhawaurged the elected body of the colonyto make further deliberations andcome up with possible solutions. He directed Executive Engineer

Sadaat ul Islam and SDO Muham-mad Ikram to resolve the issue ofdrainage and uninterrupted gassupply by functioning new gasline. He was of the view that this coun-

try and organisation have given usplenty of resources and now is thetime to return it whatever we can.

CHINIOT: A view of historical Omar Hayat Palace in a dilapidated condition due to non-maintenance and requires attention of the authorities concerned.—Online

OLX launchesnew brand

and platform LAHORE: The OLX, theworld's leading onlinemarket place, haslaunched a new brandand platform that willmodernize the classifiedsexperience in Pakistan,which it looks at as animportant market, said ina statement. "Thischange is part of a largerambition in expandingbeyond traditional classi-fieds by offering moreend to end services andproviding users withsmarter buying and sell-ing choices," the com-pany said in anannouncement BilalBajwa, country managerOLX Pakistan, said it wastheir biggest platformupgrade with majorchanges to chatting, post-ing, browsing and socialexperiences, mainlydriven by their users'feedback. "The new version hassignificantly improvedthe user experience andhas many new featuresthat will enable them tobuy and sell easier andfaster," Bajwa said. He said that potentialbuyers would now needto login to communicatewith the seller, whichwould make the experi-ence more secure. —PR

03TheBusiness

www.thebusiness.com.pk

|Tuesday, November 13, 2018

‘Technical facilities

available toprobe crimes’By Our Staff Reporter

LAHORE: AdditionalChief Secretary Home Capt(retired), Fazeel Asghar vis-ited Punjab Forensic ScienceAgency on Monday. During his visit he went

to the different sections andinspected the quality andtechnical facilities avail-able there. He expressedthe satisfaction over thetechnical facilities avail-able in this agency for theinvestigation of differentcrimes in which modern fa-cilities are provided toprobe the criminal matters.He also appreciated theworking and performanceof the DG Forensic ScienceAgency Dr Ashraf Tahir.Special Secretary Tariq

Javed, Col. Wajahat Ham-dani and Director ForensicScience Agency MuhammadAkram other officials of theHome Department were alsopresent on the occasion.

Wasiq assumescharge as

Chairman PEFBy Our Staff Reporter

LAHORE: According toa spokesperson, WasiqQayyum Abbasi MPA PP-12 assumed the charge asthe Chairman Punjab Edu-cation Foundation (PEF).She said members of

Board of Directors (BoDs)unanimously selected himas the Chairman BoD dur-ing the 69th meeting inhead office.In the meeting, Prof Dr

Khalid Hameed Sheikh,Prof Dr Abdul RaufShakoori, Prof. Dr. Tahir In-drabi, Sabrina Javed andFozia Waqar as the BoDsmembers attended the meet-ing while Managing Direc-tor Col (retired) ImranYaqoob also accompanied.The agenda of meeting

was to discuss the issues re-lated to extension of educa-tional programs and otherimportant official matters.Meanwhile, MD PEF

gave detailed briefing aboutthe free educational pro-grams and other PEF de-partments. The newly elected

Chairman PEF expressedhis satisfaction over the ef-fective performance of theorganization and he is de-termined to facilitate thechildren in deprived sectsof the province with qual-ity education.

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‘New medical officers also be

trained as anesthetist’By Our Staff Reporter

LAHORE: ProvincialMinister for Health Dr Yas-min Rashid directed thatnewly inducted medical offi-cers should also be trained asanesthetist as there was direneed of more anesthetists inpublic sector hospitals.She was addressing CEOs

District Health Authoritiesvia video link, here on Mon-day, whereas Secretary Pri-mary & SecondaryHealthcare M. Khan Ranjhawas also present.The Health Department

was taking every necessarystep to cater to the shortage ofanesthesia experts and teach-ing institutions had been di-rected to increase seats foranesthetist cadre. She also expressed her dis-

pleasure on continue trend ofunnecessary referral of pa-tients to major hospitals with-out solid reasons. “No Patient should be re-

ferred without the writtenstatement of specialist be-cause travelling of such pa-tient to the far-flung areacould be dangerous for his orher life,” said the minister. “Lack of health facilities

does not mean that we couldnot achieve certain targets,”she said. The Minister alsodirected that after the ap-pointment of Medical Offi-cers recruited through PunjabPublic Service Commission,doctors working on ad-hocbasis might be adjusted onvacant posts.Meanwhile, a delegation

of UNICEF led by ChiefField Office Dr ZebaBukhari called on healthminister and discussed withher breastfeeding and Nutri-tion Programme.“Punjab Government com-

mitted to focus on mother andchild health and during the“Nutrition Week” celebratedlast month more than 80 thou-sand children were providedwith food supplements forconsecutive 40 days,” she said. She also suggested that

UNICEF should adopt se-lected district or schools forits model nutrition plan. The delegation offered that

UNICEF wanted to providetechnical and financial assis-tance for training of con-cerned staff of the healthdepartment.


LAHORE: Punjab Chief Minister SardarUsman Buzdar has said that reforms agendaof the PTI government is people-friendlyadding that fulfilling this agenda is our mis-sion as it would help to improve the institu-tional performance along with provision ofrelief to the people. He stated this while talking to Muhammad

Khan Leghari, MNA who called on him athis office, here on Monday. Chief Ministersaid that PTI government has issued instruc-tions to improve the organisational capacityof public sector departments. The reforms agenda will be moved for-

ward by strengthening public sector depart-ments and the journey of public service willbe completed as an important mission. He said that Punjab govt is strictly imple-

menting the financial discipline to overcomeunnecessary expenditures and this would helpto control such unwanted expenses. CM reit-erated that journey of durable developmentwill be extended to backward and remoteareas and development projects are being de-vised for southern Punjab on priority basis.He said that PTI govt is formulating

durable policies for public welfare and addedthat health, education and clean drinkingwater are fundamental rights of every citizen. He said a project is being introduced to

provide clean drinking water to the peopleliving in cities, towns and villages on perma-nent basis. Similarly, the standard of publicsector schools is bumped up to the level ofelite institutions to benefit the students. Con-trary to the past, genuine development proj-ects will be introduced and people will soonwitness change around them.

Meanwhile, scope of health projects will beextended to far-flung areas and governmentwill provide basic facilities of life to the peopleliving in remote areas. Along with it, impor-tant sectors like healthcare, education andclean drinking water will be made best of thebest.The government is working day and night

to provide relief to the masses and every ef-fort will be made to provide such facilities oflife to them, the Chief Minister concluded.

Condoles death of mother of Qasim Suri

Buzdar has condoled the death of motherof Qasim Khan Suri, Deputy Speaker Na-tional Assembly of Pakistan. In his condolence message, Chief Minis-

ter has prayed to Almighty Allah to rest thedeparted soul in eternal peace and grantcourage to the bereaved family to bear the

PTI govt’s reforms agenda ispeople-friendly, says CM

— MNA Leghari calls on Buzdar

LAHORE: Employees of Shaheen Airlines protest against the non-payment of their salaries of last five months outside the Lahore Press Club (LPC).


LAHORE: Punjab University Vice Chan-cellor Prof Niaz Ahmad Akhtar has said thatthe PU administration would promote re-search which would help resolve problemsbeing faced by the society and country. He was addressing the opening ceremony

of workshop on production and purificationof recombinant proteins organized by Schoolof Biological Sciences here on Monday. SBS Acting Director General Dr Naeem

Rashid, scientists, faculty members andstudents were present on the occasion. Ad-dressing the ceremony, Prof Niaz Ahmadsaid that it was the time to work for thewelfare of society and the country and PUadministration was determined to take leadrole in this regard. He said that PU was alsostrengthening industry-academia linkagesfor commercialization of research projectsfor the benefit of society.

PU IAP students win competitionPU Institute of Applied Psychology stu-

dents including Aaleen Zafar, MuhammadZubair and Khadeeja Ahmed have secured

first position in Inter-Universities Quiz Com-petition while the other students of BS andMSc also secured second position in Inter-Universities Poster Competition held forMental Health Week at Lahore Garrison Uni-versity. IAP Director Prof Dr Farah Maliklauded the efforts of students and motivatedthem to keep participating in extracurricularand co-curricular activities. She highlightedthe importance of these activities for profes-sional development of students and urgedthem to represent PU at various forums.

PU CCPC organises seminar todayPunjab Career Counseling & Placement

Center will organize a session on “Role & Re-sponsibilities of Career Counselors” on Tues-day (today) at 11am at Al-Raazi Hall. PunjabUniversity Vice Chancellor Prof Niaz AhmadAkhter will be the chief guest on the occasion.

PU declares resultsPU Examinations Department has de-

clared the results of MA Kashmiriat Part-IIannual examination 2018, MA Diplomacy &Strategic Studies Part-II annual examination2018 and MSc Geography Part-II annual ex-amination 2018.

SP Security issues monthlyperformance report


LAHORE: SP SecurityLahore Faisal Shahzad hasissued monthly performancereport of Security Branchhere on Monday. According to the report

more than three thousandscitizens have been facilitatedat seven facilitation centers.SP Security Lahore Faisal

Shahzad has said on this oc-casion that on the directionsof IG Punjab Amjad JavaidSaleemi, CCPO Lahore BANasir and DIG OperationsLahore Muhammad WaqasNazir different types of facil-ities including character cer-tificate are being provided atDIG Operations office, Town

Hall, Gulberg, Iqbal Town,Hall road, Bhatti gate andArfa Karim Tower facilitationcenter. Well educated staff isposted there and advancedtechnology is available thereto facilitate citizens. Overallmore than 32 thousands citi-zens have been facilitatedduring current year.All posted staff at facilita-

tion centers are directed togive maximum protocol toall citizens. He further saidthat now people are gettingall facilities including char-acter certificate, verificationcertificate, license, legalopinion and residential em-ployee verification certifi-cate etc under one roof offacilitation center.

PU to promote researchfor the welfare of society, country

LAHORE: WAPDA workers fix electric wires for Orange Line Metro Train.


LAHORE: Director General LahoreDevelopment Authority (LDA) AmnaImran Khan has directed for computer-isation of the record of all the litigationcases and developing a software forlinking Law Directorate with all thewings and other directorates of LahoreDevelopment Authority. The software will provide up-to-date

status of cases being heard by variouscourts. This was told by Additional Di-rector General (HQ) Lahore Develop-ment Authority Abdul Shakoor Ranawhile chairing the weekly performancereview meeting of Lahore DevelopmentAuthority staff, here Monday. He directed the officers of law direc-

torate for acquiring comprehensiveknowledge of relevant laws and draftingreplies to the court cases with completepreparation.He directed for posting a full time di-

rector for further revamping the recordsifting directorate.He directed for properly equipping

the field staff with necessary machineryand vehicles for carrying out operation

against illegal constructions and en-croachments. He directed all the direc-tors for compiling lists of residential,commercial, vacant and encroachedplots in their respective schemes. He asked for finalising such list

within one week so that a comprehen-sive policy could be formulated for theutility of these plots.He further directed for making inven-

tory of vacant public utility sites, schoolsites and health sites which had been al-lotted long time ago but were still va-cant and purposeful buildings had notbeen constructed on them despite lapsof many years.He told that the progress review

meeting will be held every week. All di-rectors should personally supervise thetasks assigned to their staff and monitorfunctioning of the subordinate officials. The meeting was attended by all the

directors of Estate Management, LandDevelopment, Town Planning, Com-mercialisation, Recovery and other rel-evant directorates.

LDA launches crackdown againstillegal excavation of land

Lahore Development Authority

(LDA) has launched a crackdownagainst illegal excavation of land in thenew housing scheme Lahore Develop-ment Authority City and got registeredfive FIRs in police station Kahna Naouagainst the culprits involved in theft ofearth through trucks and trolleys. Director General, Lahore Develop-

ment Authority, Amna Imran Khan hasdirected the relevant officers for dealingwith such elements with iron hand andsafeguarding Lahore Development Au-thority property with all possible means.

Posting and transfers of two officers

Additional Director General (HQ)Lahore Development Authority AbdulShakoor Rana has ordered for postingtransfers of two officers. Sowlat Abbas, Deputy Director,

awaiting posting has been posted inthe Directorate of Land DevelopmentOne transferring Dr. Hina Rukh fromthe said post. She has been posted as Deputy Di-

rector Administration-II by withdraw-ing additional charge of the said postfrom Deputy Director MuhammadTayyub Khan.

DG LDA directs to computeriserecord of all litigation cases

Metropolitan

CM message onWorld Kindness Day

The Business Report

LAHORE: Punjab CM Sardar UsmanBuzdar has said that showing selfless love, af-fection and kindness are high moral values anda fundamental tenet of the religion of Islam.It is a collective responsibility of all of us

to treat the ailing humanity with utmostcompassion. In his message on World Kind-ness Day, he said that benignity and good-ness towards others are an effective meansof promoting brotherhood in the society.The purpose of celebrating this day is to pro-mote awareness about various activities re-lating to welfare of the human beings.

CM lays foundation

of prosperousPunjab


LAHORE: Vice Chairper-son Overseas Pakistanis Com-mission (OPC) PunjabWaseem Akhtar has said thatChief Minister Punjab UsmanBuzdar has laid the founda-tion of prosperity and devel-opment of the province.In his statement he said that

Political opponents are engagedin baseless propaganda againstCM Punjab, by having a wrongassessment of his political acu-men, vision and leadership, butthey will never be succeeded intheir nefarious designs.Waseem Akhtar said that

CM Usman Buzdar’s last threemonth performance clearlyshows that he is a successfulCM and a competent adminis-trator, who has won the heartsof the people by dint of hishard work and nobility. CMUsman Buzdar has ensuredthe supremacy of merit andrule of law in the province andjourney of prosperity.

Anti-poliodrive beginsLAHORE: A special

anti-polio drive was kickedoff on Monday under whichmore than seven millionchildren would be adminis-trated vaccine in 12 dis-tricts, declared as sensitive. The districts including La-

hore, Sheikhupura, Ba-hawalpur, DG Khan,Multan, Muzaffargarh, Ra-janpur, RY Khan, Layyah,Faisalabad, Rawalpindi andAttock. More than 18,000Sehat Muhafiz polio eradica-tion teams of Health Depart-ment are participating in thecampaign. —APP

Tuesday, November 13, 2018PAKISTAN STOCK EXCHANGE |04TheBusiness

AUTOMOBILE ASSEMBLERSmbol Open High Low Current Change

Al-Ghazi Tractors Ltd. 552.00 558.00550.00 552.25 -10.25

Atlas Honda Ltd.. 440.51 445.51440.51 445.00 -1.00

Dewan Farooque Motors Ltd. 19.30 19.74 18.44 18.52 -0.92

Ghandhara Industries Ltd. 370.01 371.00353.00 354.38 -17.19

Ghandhara Nissan Ltd. 129.90 130.99121.18 122.68 -4.86

Ghani Automobile Industries. 6.85 6.90 6.81 6.90 -0.04

Honda Atlas Cars (Pak) Ltd. 258.20 267.24247.79 247.79 -13.04

Indus Motor Company Ltd. 1439.99 1439.991371.00 1374.80 -10.51

Millat Tractor Ltd. 1001.00 1029.98995.00 996.69 -10.96

Pak Suzuki Motors Co Ltd. 234.00 235.00229.00 229.94 -4.55

Sazgar Engineering Works. 257.16 262.99257.16 260.08 -6.75

AUTOMOBILE PARTS & ACCESSORIES

Agriautos Industries Co. Ltd. 206.00 210.00206.00 210.00 0.00

Atlas Battery Ltd. 228.50 230.00225.00 225.34 -1.97

Exide Pakistan Ltd. 274.90 277.69270.00 270.00 -6.33

General Tyre & Rubber Co. 100.11 101.85 98.01 98.65 -2.07

Loads Ltd.. 25.69 25.69 25.00 25.11 -0.53

Thal Ltd.. 428.25 437.90424.51 434.94 -1.04

CABLE & ELECTRICAL GOODS

EMCO Industries Ltd. 14.15 14.15 14.14 14.15 -0.95

Johnson & Philips (Pak) Ltd. 66.67 66.67 65.00 66.67 3.17

Pak Elektron Ltd. 31.60 31.78 30.60 30.81 -0.65

Siemens (Pak) Eng. Co. Ltd. 960.00 980.00955.00 974.21 6.71

The Climax Eng Co. Ltd. 100.00 100.00100.00 100.00 0.00

WAVES Singer Pakistan Ltd. 30.21 30.21 29.25 29.36 -0.64

CEMENT

Attock Cement Pak Ltd. 128.84 128.99 125.50 125.78 -1.94

Bestway Cement Ltd.. 123.45 125.00 123.00 123.00 -2.50

Cherat Cement Co. Ltd. 75.40 75.51 72.90 72.99 -2.75

D. G. Khan Cement Co. Ltd. 107.95 109.80 104.80 105.58 -2.93

Dandot Cement Co. Ltd. 13.25 13.25 13.25 13.25 -0.85

Dewan Cement Ltd.. 15.26 15.65 15.20 15.43 -0.01

Fauji Cement Co Ltd. 25.31 25.79 25.10 25.17 -0.37

Fecto Cement Ltd. 39.10 39.10 38.60 38.60 -1.08

Flying Cement Company Ltd. 16.71 17.51 16.62 16.80 -0.75

Gharibwal Cement Ltd. 19.00 19.00 18.62 18.75 -0.22

Javedan Corporation Ltd. 34.00 35.60 34.00 35.00 1.00

Kohat Cement Co. Ltd. 102.00 102.74 99.00 99.93 -0.81

Lucky Cement Ltd.. 489.99 489.99468.00 469.96 -18.07

Maple Leaf Cement Factory Ltd. 51.20 52.54 48.65 49.98 -1.23

Pioneer Cement Ltd. 50.89 51.05 48.55 48.93 -1.52

Power cement Ltd. 8.11 8.32 8.04 8.17 0.01

Safe Mix Concrete Ltd. 8.70 8.70 8.28 8.28 -0.21

Thatta Cement Company Ltd. 15.60 15.90 15.20 15.41 -0.60

CHEMICAL

Agritech Ltd. 6.30 6.40 6.10 6.14 -0.22

Akzo Nobel Pakistan Ltd.. 150.25 152.00150.25 150.50 -4.17

Archroma Pakistan Ltd.. 528.90 531.00526.06 527.69 2.81

Bawany Air Products Ltd. 6.65 6.65 6.61 6.63 -0.37

Berger Paints Pakistan Ltd. 82.99 82.99 80.53 81.01 0.01

Bifo Industries Ltd. 242.26 243.25240.00 240.29 -4.70

Colgate Palmolive (Pak) Ltd. 2416.05 2416.052416.05 2416.05 115.05

Descon Oxychem Ltd.. 38.40 39.19 38.00 38.26 0.30

DYNEA Pak 96.00 98.00 95.66 96.06 -1.50

Engro Polymer & Chemicals. 38.72 39.22 38.01 38.22 -0.48

Ghani Gases Ltd..(XB) 12.90 13.25 12.90 13.10 -0.17

ICI Pakistan Ltd.. 635.00 636.00630.00 630.00 -1.72

Ittehad Chemical Ltd. 28.00 28.76 27.90 27.97 -0.15

Leiner Pak Gelantine Ltd.. 15.37 15.37 15.36 15.37 -0.99

Lotte Chemical Pakistan Ltd. 17.70 18.39 17.35 18.10 0.46

Nimir Industrial Chemical Ltd. 63.79 63.79 61.05 63.00 0.90

Nimir Resins Ltd.. 8.78 8.78 8.40 8.44 -0.23

Pakistan PVC 4.70 4.70 4.70 4.70 0.00

Sardar Chemical IndustriesLtd. 15.49 16.02 15.00 15.96 0.94

Sitara Chemicals. 360.00 360.00360.00 360.00 1.00

Sitara Peroxide Ltd. 39.28 40.27 39.10 40.27 1.91

Wah Noble Chemicals Ltd. 310.00 325.00310.00 319.26 2.51

CLOSE - END MUTUAL FUND

Golden Arrow. 8.11 8.20 8.05 8.08 -0.03

COMMERCIAL BANKS

Allied Bank Ltd. 0.00 106.05106.05 106.05 0.00

Askari Bank Ltd.. 25.00 25.89 25.00 25.36 -0.03

Bank Al-Habib Ltd. 75.16 75.36 74.00 74.90 -0.87

Bank Alfalah Ltd. 51.15 51.95 50.55 50.58 -0.55

Bank Of Punjab. 13.48 13.50 13.05 13.10 -0.38

Bankislami Pakistan Ltd. 13.95 14.00 13.90 13.90 -0.10

Faysal Bank Ltd.. 24.90 25.00 24.51 24.52 -0.47

Habib Bank Ltd.. 141.00 141.95137.56 137.91 -1.19

Habib Metropolitn Bank Ltd.. 42.70 43.40 42.65 42.80 0.16

JS Bank Ltd.. 6.85 7.15 6.76 7.12 -0.27

MCB Bank Ltd.. 199.97 204.00198.11 200.11 1.60

Meezan Bank Ltd.. 97.80 97.80 94.99 95.40 -0.61

National Bank Of Pakistan. 48.21 49.35 48.20 48.72 0.33

Silk Bank Ltd.. 1.20 1.23 1.19 1.20 -0.01

Soneri Bank Ltd. 12.60 12.60 12.51 12.51 0.01

Standard Chartered Bank Pak. 24.50 24.50 24.50 24.50 -0.09

Summit Bank Ltd.. 1.00 1.06 1.00 1.06 0.04

The Bank of Khyber. 12.65 12.70 12.20 12.64 -0.12

United Bank Ltd. 139.75 141.00136.25 137.05 -3.03

ENGINEERING

Aisha Steel Mills Ltd.. 11.92 11.92 11.45 11.51 -0.25

Amreli Steels Ltd.. 68.20 68.99 65.60 65.77 -2.04

Bolan Casting Ltd. 92.00 92.00 89.01 90.29 -2.23

Crescent Steel & Allied. 57.89 57.89 54.43 54.57 -2.72

Dost Steels Ltd. 6.24 6.40 6.15 6.17 -0.07

Drekkar Kingsway Ltd. 4.02 4.50 3.91 4.16 0.25

Huffaz Seamless Pipe Industrie. 28.00 28.00 28.00 28.00 -0.48

International Industries Ltd. 175.65 178.67173.50 174.59 -4.08

International Steels Ltd.. 89.90 91.80 87.30 87.85 -2.17

Ittefaq Iron Industries Ltd. 12.60 12.70 12.41 12.45 -0.22

KSB Pumps Co Ltd. 221.00 230.00221.00 225.02 -4.97

Mughal Iron & Steels Ind Ltd. 53.00 53.00 50.60 50.97 -2.04

Pakistan Engineering Co Ltd. 189.00 189.07189.00 189.07 9.00

FERTILIZER

Arif Habib Corporation Ltd. 30.57 30.57 30.42 30.45 -0.53

Dawood Hercules Corporation. 129.90 130.00127.50 128.71 -1.27

Engro Corporation Ltd.. 342.48 342.48336.00 336.36 -4.20

Engro Fertilizers Ltd.. 82.98 82.98 81.00 81.20 -1.59

Fatima Fertilizer Co Ltd. 35.84 35.94 35.51 35.56 -0.03

Fauji Fertilizer Bin Qasim Ltd. 41.90 43.29 41.27 43.29 2.06

Fauji Fertilizer Co. Ltd. 98.50 99.00 98.30 98.64 -0.16

FOOD & PERSONAL CARE PRODUCTS

Al-Shaheer Corporation. 26.60 27.30 26.45 27.07 0.84

At-Tahur Ltd. 22.80 23.00 22.05 22.15 -0.50

Clover Pakistan Ltd.. 161.00 167.26161.00 167.26 7.96

Engro Foods Ltd.. 85.50 86.00 83.56 83.88 -2.29

Fauji Foods Ltd.. 33.25 34.15 33.02 34.15 1.62

Ismail Industries Ltd. 391.66 391.66391.66 391.66 18.65

Matco Foods Ltd..(XDXB) 30.50 30.88 29.81 30.03 -0.30

Mitchells Fruit Farms Ltd. 230.98 231.00228.50 230.17 10.17

Murree Brewery Company Ltd. 721.01 725.00710.01 724.98 -0.34

National Foods Ltd.(XB) 214.01 215.00205.00 206.62 -8.38

Nestle Pakistan Ltd. 9120.00 9120.009120.00 9120.00 -480.00

Quice Food Industries Ltd. 4.79 4.79 4.60 4.66 -0.02

Rafhan Maize Products Ltd. 7390.00 7390.007390.00 7390.00 30.00

Shezan International Ltd. 440.02 450.00440.02 440.02 -14.98

Shield Corporation Ltd. 255.00 260.00255.00 256.25 -3.75

Treet Corporation Ltd. 25.52 26.29 25.40 26.09 0.53

Treet Corporation Ltd.(PTCs) 7.30 7.30 7.05 7.05 -0.45

ZIL Ltd.. 80.00 82.97 80.00 82.97 0.00

GLASS & CERAMICS

Baluchistan Glass Ltd. 9.26 9.38 9.15 9.31 0.01

Ghani Glass Ltd.(XR) 54.00 56.19 53.80 55.66 1.89

Ghani Global Glass Ltd.. 9.80 9.80 9.61 9.61 -0.22

Ghani Value Glass Ltd.. 36.00 36.29 35.90 36.04 -0.02

Shabbir Tiles and Ceramics. 19.00 19.20 18.70 18.91 -0.11

Tariq Glass. 92.50 92.50 90.00 90.40 -2.18

INSURANCE

Adamjee Insurance Co. Ltd. 44.50 45.00 44.50 44.98 0.21

Askari Gen Insurance Co. 26.00 26.49 26.00 26.49 0.48

Askari Life Assurance Co Ltd. 14.50 14.60 14.50 14.60 1.00

Askari Life Assurance Co Ltd. 3.44 3.50 3.44 3.44 0.27

Century Insurance Co.Ltd. 21.47 21.47 21.47 21.47 0.97

Cresent Star Insurance Ltd. 2.30 2.30 2.20 2.21 -0.07

E. F. U. Gen Insurance Ltd. 109.00 109.00105.50 106.00 -3.00

EFU Life Assurance Ltd. 195.00 202.00195.00 199.82 -0.18

IGI Holdings Ltd.. 229.95 230.00227.00 229.61 -0.07

IGI Life Insurance Ltd. 56.00 56.00 56.00 56.00 -1.75

Pakistan General Insurance Co. 3.37 3.60 3.37 3.50 -0.47

Pakistan Reinsurance Comp. 32.10 32.50 32.10 32.50 0.05

PICIC Insurance Ltd.(XR) 1.80 1.94 1.80 1.91 0.10

Reliance Insurance. 7.25 7.30 7.20 7.30 0.10

Shaheen Insurance Co Ltd. 4.90 4.90 4.90 4.90 0.00

United Insurance Company. 10.20 10.35 10.10 10.13 -0.12

INV. BANKS / INV. COS. / SECURITIES COS.

786 Investments Ltd. 20.85 20.85 20.40 20.48 -0.20

Arif Habib Ltd.. 45.99 46.10 44.71 45.00 -0.52

Cyan Ltd.. 41.80 41.80 40.65 40.99 -1.06

Dawood Equities Ltd. 3.30 3.62 3.00 3.62 0.62

EFG Hermes Pakistan Ltd. 25.00 26.00 25.00 25.00 -1.00

Escorts Investment Bank Ltd. 22.50 22.65 21.52 21.52 -1.13

First Capital Sec.Corp. Ltd. 2.17 2.17 2.07 2.13 0.06

First Dawood Investment Bank. 2.25 2.34 2.24 2.25 -0.05

First National Equities Ltd.. 6.00 6.01 6.00 6.00 -0.03

Invest Capital Investment Bank. 1.63 1.63 1.32 1.40 -0.22

Jahangir Siddiqui & Co. 14.50 15.20 14.50 14.52 -0.18

MCB-Arif Habib Savings Ltd. 21.51 23.14 21.51 23.06 1.02

Next Capital Ltd.. 7.25 7.25 7.21 7.21 -0.22

Pakistan Stock Exchange Ltd. 17.25 17.55 17.05 17.10 -0.45

Pervez Ahmed Securities Ltd. 1.01 1.04 0.99 1.00 -0.03

Security Investment Bank Ltd. 10.33 10.39 10.33 10.39 0.51

Trust Investment Bank Ltd. 1.75 1.75 1.47 1.53 -0.10

LEASING COMPANIES

Orix Leasing Pakistan Ltd. 29.50 29.50 29.36 29.37 -0.45

Security Leasing Corp. 9.83 9.83 9.00 9.42 -0.42

LEATHER & TANNERIES

Bata Pakistan Ltd. 1695.00 1695.001693.00 1695.00 0.00

Leather Up Ltd. 12.40 12.40 12.40 12.40 0.55

Service Industries. 705.11 720.00705.00 720.00 5.00

MISCELLANEOUS

AKD Capital Ltd. 128.00 128.50128.00 128.00 -6.34

ECOPAK Ltd.. 17.26 17.42 17.23 17.42 -0.41

Gammon Pak. 11.00 11.00 10.08 10.31 -0.69

MACPAC Films Ltd. 25.05 25.05 24.10 24.31 -0.84

Olympia Mills Ltd. 9.00 9.69 8.35 8.90 -0.34

Pace (Pakistan) Ltd. 2.65 2.65 2.55 2.59 -0.03

Shifa Int. Hospital Ltd. 250.00 250.00249.99 250.00 -1.02

Siddiqsons Tin Plate Ltd. 18.94 19.05 18.46 18.84 -0.10

TPL Properties Ltd. 8.65 8.75 8.60 8.73 0.15

Tri-Pack Films Ltd. 125.10 125.10125.00 125.00 -0.34

United Brands Ltd. 35.00 35.00 35.00 35.00 -1.00

MODARABAS

First Elite Capital Mod. 2.67 2.67 2.60 2.60 -0.02

First Fidelity Leasing Mod. 4.00 4.00 4.00 4.00 0.19

First National Bank Modaraba. 2.00 2.15 2.00 2.05 0.12

First Prudential Mod. 1.50 1.50 1.42 1.43 -0.04

First Treet Manufacturing. 14.85 14.85 14.85 14.85 0.70

Habib Metro Modaraba. 10.00 10.05 10.00 10.05 0.05

Orix Modaraba. 17.05 17.05 17.00 17.05 0.05

Popular Islamic Madaraba 3.18 3.18 3.18 3.18 0.01

OIL & GAS EXPLORATION COMPANIES

Mari Petroleum Co Ltd. 1400.00 1409.991400.00 1401.73 2.26

Oil & Gas Development Co. 152.97 153.56151.70 152.02 -0.50

Pakistan Oilfields Ltd.. 527.00 533.00527.00 531.39 4.99

Pakistan Petroleum Ltd.. 174.59 176.95173.90 175.05 0.48

OIL & GAS MARKETING COMPANIES

Attock Petroleum Ltd. 498.00 500.00490.00 495.46 0.38

Hascol Petroleum Ltd. 227.90 228.95220.00 220.93 -6.57

Hi-Tech Lubricants Ltd. 74.90 74.99 73.75 73.93 -0.74

Pakistan State Oil Co Ltd. 274.05 276.90270.00 271.51 -3.34

Shell Pakistan Ltd. 272.05 273.00272.00 272.81 -0.79

Sui Northern Gas Pipe Line. 90.50 90.69 88.00 88.40 -2.00

Sui Southern Gas Co Ltd. 26.33 26.33 25.71 25.83 -0.28

PAPER & BOARD

Baluchistan Particle Board Ltd 3.60 3.60 3.60 3.60 0.17

Century Paper & Board Mills. 59.00 60.80 59.00 60.00 2.00

Cherat Packaging Ltd.. 172.48 172.48166.00 169.35 1.48

Merit Packaging Ltd. 22.05 22.45 21.87 21.87 -1.15

Packages Ltd. 381.00 388.00375.00 375.27 -7.75

Roshan Packages Ltd..(XB) 22.10 22.70 22.10 22.24 0.37

Security Papers Ltd. 92.55 92.99 92.00 92.00 -1.14

PHARMACEUTICALS

Abbot Laboratories Pak Ltd. 545.10 564.99545.00 555.00 10.00

AGP Ltd.. 90.25 91.98 90.25 91.02 -0.14

Ferozsons Laboratories Ltd. 180.00 189.05180.00 182.20 2.15

Glaxo SmithKline Healthcare. 348.75 348.75340.00 340.00 -4.00

Glaxo SmithKline Pakistan Ltd. 141.10 143.49141.10 143.49 1.49

Highnoon Laboratories Ltd. 338.90 338.90334.00 334.11 -4.79

IBL HealthCare Ltd.. 55.65 58.00 54.65 54.65 -2.87

Macter International Ltd.. 150.00 150.00149.69 149.69 -7.87

Otsuka Pakistan Ltd. 248.74 255.99248.74 253.57 -8.26

The Searle Company Ltd. 313.99 324.80313.30 314.51 1.26

Wyeth Pakistan Ltd.. 1210.00 1210.001200.00 1200.00 -15.25

POWER GENERATION & DISTRIBUTION

Altern Energy Ltd. 37.99 38.00 37.99 38.00 0.06

Engro Powergen Qadirpur Ltd. 31.00 31.40 30.80 30.80 -0.20

Hub Power Company Ltd.. 93.05 94.00 92.75 93.03 -0.92

K-Electric Ltd.. 6.05 6.27 5.96 6.02 -0.06

Kohinoor Energy Ltd. 38.00 38.00 38.00 38.00 0.00

Kot Addu Power Company. 52.99 53.14 52.80 52.97 -0.01

LALPIR Power Ltd.. 15.89 15.90 15.55 15.84 -0.12

Nishat Chunian Power Ltd. 25.25 25.90 25.25 25.89 0.39

Nishat Power Ltd.. 28.10 29.00 28.10 29.00 0.27

Saif Power Ltd. 26.40 26.40 25.90 26.16 0.00

Tri -Star Power Ltd. 4.35 4.48 4.00 4.01 -0.41

REFINERY

Attock Refinery Ltd.. 214.00 217.00208.90 215.49 2.38

BYCO Petroleum Pak Ltd. 11.71 11.72 11.52 11.57 -0.18

National Refinary Ltd. 291.00 291.99278.99 280.62 -10.59

Pakistan Refinery Ltd. 31.00 31.01 30.06 30.31 -0.80

SUGAR & ALLIED INDUSTRIES

Adam Sugar Mills Ltd.. 30.25 30.25 30.00 30.06 -0.07

Ansari Sugar Mills Ltd. 12.82 12.82 12.75 12.75 -0.30

Chashma Sugar Mills Ltd 47.50 47.50 46.05 46.05 -1.45

Dewan Sugar Mills Ltd. 5.30 5.30 5.27 5.27 -0.23

Faran Sugar Mills Ltd. 70.00 70.00 69.50 69.50 2.00

Habib Sugar Mills Ltd. 39.00 39.00 39.00 39.00 0.10

Haseeb Waqas Sugar Mills. 4.65 4.88 4.65 4.88 -0.12

Husein Sugar Mills Ltd.. 22.51 22.80 22.36 22.80 -0.69

Imperial Sugar Ltd.. 22.50 23.15 22.50 23.15 1.10

Jauharabad Sugar Mills Ltd 42.50 44.50 42.50 44.50 -0.20

Mehran Sugar Mills Ltd. 100.00 105.00 98.00 102.00 1.21

Sakrand Sugar Mills Ltd. 18.77 18.77 18.00 18.00 -0.40

Shahtaj Suger Mills Ltd. 77.08 77.08 70.00 72.98 -0.45

Shakarganj Ltd.. 70.55 70.55 70.00 70.00 -2.77

SYNTHETIC & RAYON

Gatron (Industries) Ltd. 307.00 319.72307.00 319.72 15.22

Ibrahim Fibre Ltd.. 60.50 61.50 58.55 59.00 0.01

Pakistan Synthentics Ltd. 24.00 24.00 24.00 24.00 -1.00

Rupali Polyester Ltd. 28.88 28.89 28.88 28.88 -1.52

Tri-Star Polyester Ltd. 16.80 16.84 16.25 16.30 -0.42

TECHNOLOGY & COMMUNICATION

Avanceon Ltd.. 86.31 90.10 86.30 89.42 1.75

Hum Network Ltd.. 6.00 6.08 5.85 5.95 -0.07

Media Times Ltd.. 1.29 1.29 1.18 1.21 0.02

NetSol Technologies Ltd. 110.75 110.97105.58 105.58 -5.55

Pak Datacom Ltd.. 50.82 53.95 50.82 52.23 -1.22

Pakistan Telecommunication. 11.35 11.40 11.20 11.38 0.00

Systems Ltd.. 115.90 115.90112.00 112.04 -0.96

Telecard Ltd. 1.80 1.80 1.76 1.76 -0.04

TPL CORP Ltd.. 6.12 6.20 6.07 6.13 -0.19

TPL CORP Ltd..(R) 0.08 0.08 0.01 0.04 -0.02

TRG Pakistan Ltd. 32.25 32.39 31.07 31.17 -1.53

Worldcall Telecom Ltd. 1.89 1.91 1.85 1.87 -0.01

Current 41096.33High 41572.17Low 41052.97Change -292.55

PSX100 Index

More rates on page 6


Stock & Currency |05TheBusiness

KARACHI (APP): Four ships,YM Miranda, White Purl, MaritimeJingan and Zefyros carrying Chemi-cals, LPG, Palm Oil and Diesel Oilwere arranged berthing at Multi-Pur-pose Terminal, Engro Vopak Termi-nal, Liquid Cargo Terminal andFOTCO Oil Terminal respectively onSunday.Meanwhile three more ships, Rita

Ocean, Sheila and UACC Strait car-rying Coal, Soya Bean Seeds andDiesel oil also arrive at outer anchor-age of Port Qasim during last

24hours.A total of ten ships are currently oc-

cupying PQA berths to load/offloadcontainers, coal soy a bean seeds,chemicals, general cargo LPG, LNGPalm oil and Diesel oil respectively.Out of ten, two ships namely, Zantaand Solaris sailed out t o sea on todaymorning, while four more ships CMACGM Butterfly, Epic Tetus, Shandongand Zefyros are expected to sail onsame day in the afternoon.Cargo handling remained smoothly

at the port where a cargo volume of

167,155 tonnes comprising 121,289tonnes import cargo and 45,866tonnes export cargo inclusive of con-tainerized cargo carried in 3,782 con-tainers (TEUs), (1,368 TEUs importsand 2,414 TEUs exports ) was han-dled during last 24 hours.Two ships, Medi Masura and Sheila

carrying Soya Bean seeds and Coalare expected to take berths at FA andPIBT respectively on Monday,whilethree more ships APL Miami, MSCHeidi and Maersk Kensington withcontainers, are due to arrive at Port

KARACHI (APP): The Foreign Exchange Rates Commit-tee of Financial Market Association of Pakistan issued thefollowing Base Rate, here on Monday.FOREIGN CURRENCY ACCOUNTS SCHEME -- RATESBAY BID MAXIMUM RATES FOR PAYMENT OF INTEREST BY ETHERIZED DEALERS R A T E S U.S. DOLLARS VALUE 12-11-18 For 3 monthsand over butless than 6 months 2.3511% PA 3.1011% PAFor 6 monthsand over butless than 12 Months 2.5935% PA 3.3435% PAFor 12 months 2.8751% PA 3.7501% PAFor 2 Years 2.8751% PA 4.2501% PAFor 3 Years 2.8751% PA 4.5001% PAFor 4 years 2.8751% PA 4.7501% PAFor 5 years 2.8751% PA 4.8751% PAPOUND STERLING 12-11-18 For 3 months and over but less than 6 Months 0.6046% PA 1.3546% PAFor 6 months andover but less than12 months 0.7309% PA 1.4809% PA For 12 Months 0.8873% PA 1.7623% PAFor 2 Years 0.8873% PA 2.2623% PAFor 3 Years 0.8873% PA 2.5123% PAFor 4 years 0.8873% PA 2.7623% PAFor 5 years 0.8873% PA 2.8873% PAEURO 12-11-18 For 3 months andover but less than6 months 0.1089% PA 0.8589% PA For 6 months andover but less than 12 months 0.0761% PA 0.8261% PA For 12 Months -0.0256% PA 0.8494% PA For 2 Years -0.0256% PA 1.3494% PA For 3 Years -0.0256% PA 1.5994% PA For 4 years -0.0256% PA 1.8494% PA For 5 years -0.0256% PA 1.9744% PAJAPANESE YEN 12-11-18 For 3 months andover but less than6 months -0.1505% PA 0.5995% PAFor 6 months andover but less than12 months -0.2412% PA 0.5088% PA For 12 Months -0.1265% PA 0.7485% PA For 2 Years -0.1265% PA 1.2485% PA For 3 Years -0.1265% PA 1.4985% PA For 4 Years -0.1265% PA 1.7485% PAFor 5 years -0.1265% PA 1.8735% PAKARACHI (APP):Treasury Management Division of Na-tional Bank of Pakistan (NBP) on Monday issued the fol-lowing exchange rates.

Selling Buying BuyingTT & OD TT Clean OD/T.CHQU.S.A 133.60 133.40 133.13U.K 174.03 172.90 172.55 EURO 151.59 151.37 151.06CANADA 101.30 101.15 100.89SWITZERLAND 132.82 132.62 132.27AUSTRALIA 96.56 96.41 96.16SWEDEN 14.83 14.78 14.75JAPAN 1.1724 1.1706 1.1675 NORWAY 15.85 15.83 15.78 SINGAPORE 96.89 96.74 96.49 DENMARK 20.30 20.27 20.21 SAUDI ARABIA 35.62 35.56 35.47HONG KONG 17.18 17.16 17.12 CHINA 19.28 19.25 19.20KUWAIT 439.53 438.87 437.72MALAYSIA 31.93 31.88 31.80 NEWZEALAND 90.06 89.92 89.69 QATAR 36.68 36.63 36.53 U.A.E 36.46 36.41 36.31 KR WON 0.1178 0.1176 0.1173THAILAND 4.036 4.030 3.019CONVERSION FOR FC DEPOSITS, DBC/FCBC, SPECIALUSD BOND

US DOLLAR POUND STERLING EUR JAPANESE YEN

NBP Exchange Rates

Foreign Currency Account Scheme

Currency rates of NBP

Foreign exchange rates

EXCHANGE RATES FOR CURRENCY NOTES

Shipping activity at Port Qasim

Spot rates of cotton

KARACHI (APP):The Karachi Port Trust (KPT) issued the followingshipping report for the last 24 hours, ending 0700 hours on Monday.

ALONG SIDE (Bulk Oil Pier)OP-I SG Friendship D. Chemical High Seas 08/11/18OP-II Rita M D. Mogas Trans Maritime 09/11/18OP-III Al Mahboobah D. Chemical Wilhelmsen 03/11/18

ALONG SIDE (East Wharves):2/3 Worldera-II L. Clinkers Crystal Sea 07/11/185 LMZ Pluto L. Clinkers OC-Services 07/11/1810/11 AP Astarea D. Dap Bulk-Sh. 09/11/1811/12 Al Yasat II D. Phosphate WMA Shipcare 03/11/1812/13 Star Sophia D. Meal Al Hamd 14/10/1814/15 MDM Bromo D. DAP Bulk-Sh. 06/11/1815/16 Polo D. L. Cnt. Golden 07/11/18

ALONG SIDE(P.I.C.T):8/9 Mol Gateway D. L. Cnt. OC-Network 08/11/18

ALONG SIDE(PDWCP): Berth Vacant...

Along Side(West Wharves): 25 Tabermacle Prince L. Cement Argonaftis 07/11/18

ALONG SIDE (K.I.C.T):28/29 Ever Decent D. L. Cnt. Green Pak 06/11/18

EXPECTED ARRIVALS:CONTAINER (GEARLESS)

Kota Lazim P-Delta 09/11/18 Not Sched 800 Cnt. 800 Cnt.Cosco Colombo Cosco 11/11/18 Not Sched 800 Cnt. 800 Cnt. MS Tiger OC-Network 11/11/18 Not Sched 600 Cnt. 600 Cnt.Cosco Hong Kong Cosco 17/11/18 Not Sched 1000 Cnt. 1000 Cnt.

CONTAINER (GEARED)Altonia Golden 12/11/18 Not Sched Nil 455 Cnt.

GENERAL CARGO:Global Striker GAC 11/11/18 Not Sched 680 Steel NilRickmers Antwerp Delta 15/11/18 Not Sched 42 G.C Nil

FERTILIZER:Ras Ghumays-I WMA Shipcare 10/11/18 Not Sched 55,950 DAP Nil

CLINKER:Jahan Moni Bulk-Sh. 16/11/18 Not Sched Nil 50,000

OIL TANKER:Lahore PNSC 10/11/18 Not SChed 72,000 Crude Oil NilSummite Africa GAC 10/11/18 Not Sched 10,000 Jet Oil NilGulf Adventure Trans Maritime 11/11/18 Not SChed 7,000 Chemical Nil Quetta PNSC 11/11/18 Not Sched 72,000 Crude Oil Nil

SHIPS OFF PORT:Vessel Name Type Agent expected Berth No. Arrival Date Arrival\Time RemarksHan De General Cargo Sea Hawks -- 29/10/18 18:40 1Pacific Martina Oil Tanker GAC -- 31/10/18 20:20 2Rose M Oil Tanker Alpine -- 03/10/18 07:10 -BW Ciyde Oil Tanker Bulk-Sh. -- 05/11/18 15:00 -Stena Image Oil Tanker Alpine -- 07/11/18 06:00 -Chrisopigi Lady Oil Tanker Alpine -- 07/11/18 21:36 -High Strenght Oil Tanker GAC -- 08/11/18 20:00 -

LEGEND:1 Shifted From B.No 16 TO O/A. 2 Shifted From OP-II to O/A.

KPT shipping intelligence report

KARACHI (APP): Karachi Cotton Association (KCA) onMonday announced the following KCA Spot Rates for localdealing in Pak rupees for base grade 3 (three) staple length1-1/16" Micronaire value between 3.8 and 4.9 NCL.Rate Ex-Gin Up-country Spot Ratesfor Price Expenses Ex-Karachi37.324 kgs 8,900 160 9,060

Equivalent40 kgs 9,538 171 9,709

KARACHI (APP): Following are the selling/buying ratesof major currencies issued by the National Bank of Pakistan(NBP), here on Monday.

NBPU.S.A 134.94/ 131.79 S.ARABIA 35.72/ 34.41U.K 174.89/ 170.82JAPAN 1.1841/ 1.1559EURO 153.10/ 149.55U.A.E 36.83/ 33.77

Opening rates of FC inkerb currency marketKARACHI (APP): Following were the Closing Rates of for-

eign currencies in kerb market issued by the Forex Association ofPakistan (FAP), here on Firday.F.C. Low Rate High RateU.S $ (Inter Bank) 132.63 132.73 U.S $ (Cash Free Market) 132.20 132.60SAUDIA RIYAL 35.05 35.60UAE DIRHAM 36.00 36.50 EURO 151.00 153.00UK POUND 172.80 174.80JAPANI YEN 1.15544 1.17544CHF 131.31 132.31DKK 20.11 20.21NOK 15.69 15.79SEK 14.49 14.59AUD $ 95.12 96.12CAD $ 99.80 101.50SGD $ 95.38 96.38HK $ 16.64 17.14 KWD 431.50 431.60QTR RIYAL Nil NilOMANI RIYAL 340.52 341.02BH DINAR 343.20 343.70INDIAN RUPEE 1.70 1.85IRQ DINAR 0.095 0.120MALAYSIAN RINGIT 31.50 33.00IRANI RIYAL 0.0010 0.0018BTK 1.30 1.60AFGHANI RUPEE 1.40 1.70Chinese Yuan 19.30 20.30

Bullion ratesKARACHI (APP): Following were the Bullion Prices in Hy-derabad on Monday.

KARACHI: (per 10 gram)Gold Tezabi 24-CT Rs 51826.00Silver Tezabi Rs 703.00

MULTAN: (per 10 gram)Gold Tezabi 24-CT Rs 50150.00Gold 22-CT Rs 47850.00Silver Tezabi Rs 703.00Silver Thobi Rs 643.00

HYDERABAD (per 10 gram)Gold-Tezabi-24-ct Rs.52040/10 Gold-Tezabi 22-ct Rs.47700/10Silver-Tezabi Rs.700/10Note: Bullion rates from Multan, Karachi and Lahore werenot received Monday.

TEXTILE COMPOSITEArtistic Denim Mills Ltd.. 63.03 63.03 63.00 63.01 -0.24Aruj Industries Ltd.. 20.35 20.35 20.35 20.35 -1.07Azgard Nine Ltd. 12.50 12.90 12.50 12.70 0.26Bhanero Textile Mills Ltd. 882.00 882.00882.00 882.00 42.00Bleesed Textile Ltd. 319.99 319.99294.51 314.98 4.98Crescent Textile Mills Ltd. 31.00 31.50 30.50 30.83 0.04Dawood Lawrencepur Ltd. 171.00 172.00170.00 170.00 -2.18Feroze1888 Mills Ltd. 69.55 70.00 67.50 67.59 -2.46Ghazi Fabrics International Ltd. 4.51 4.75 3.81 4.11 -0.56Gul Ahmed Textile Mills Ltd. 51.00 53.50 51.00 52.58 0.56Hala Enterprises Ltd. 10.00 11.00 10.00 10.89 0.89Jubilee Spinning & Weaving Mil 4.49 4.70 4.45 4.46 -0.06Kohinoor Industries Ltd. 6.70 6.95 5.66 5.86 -0.72Kohinoor Mills Ltd. 28.87 28.87 27.50 28.87 1.37Kohinoor Textile Mills Ltd. 53.50 55.75 53.50 54.10 0.94Masood Textile Mills Ltd. 90.75 90.75 87.40 87.40 -4.60Nishat (Chunia) Ltd. 62.49 63.75 61.31 61.91 -0.17Nishat Mills Ltd. 153.75 155.00152.05 152.69 -0.66Quetta Textile Mills Ltd. 11.50 11.50 11.50 11.50 0.82Redco Textile Ltd. 2.85 2.85 2.68 2.69 -0.04Reliance Weaving Mills Ltd. 35.26 37.48 35.25 36.04 -0.16Safa Textiles Ltd. 18.35 18.35 18.35 18.35 0.77Sapphire Fibres Mills Ltd. 780.00 780.00780.00 780.00 -39.87Shams Textile Mills Ltd. 0.00 33.80 33.80 33.80 0.00Zahidjee Textile Mills Ltd. 16.00 16.50 15.01 16.00 0.50

TEXTILE SPINNINGAmtex Ltd.. 1.48 1.59 1.48 1.52 -0.02Asim Textile Mills Ltd. 10.85 11.46 10.65 11.02 0.32Bilal Fibres Ltd. 2.75 2.79 2.61 2.66 -0.24Chakwal Spinning Mills Ltd. 2.50 2.50 2.45 2.46 -0.13Colony Textile Mills Ltd. 3.95 4.10 3.92 4.06 0.20Crescent Fibres Ltd.. 32.50 33.99 32.30 33.99 -0.01D. S. Industries Ltd. 3.70 3.79 3.58 3.62 -0.15Dewan Farooque Spinning. 2.60 2.70 2.59 2.61 -0.13Din Textile Mills Ltd.(XB) 72.20 72.20 72.20 72.20 -3.80Ellcot Spinning Mills Ltd. 84.00 84.00 84.00 84.00 -1.70Fazal Cloth Mills Ltd. 165.05 165.06165.05 165.06 -7.95Gadoon Textile Mills Ltd. 306.00 306.00305.00 306.00 -1.30Hira Textile Mills Ltd. 5.70 5.80 5.60 5.69 0.14Indus Dyeing & Manufacturing. 460.00 494.00460.00 481.25 2.75Island Textile Mills Ltd. 1715.00 1715.001715.00 1715.00 76.00Khalid Siraj Textile Mills Ltd 1.72 1.90 1.72 1.90 -0.08

Kohinoor Spinning Mills Ltd. 3.10 3.16 2.95 3.03 -0.07Nagina Cotton Mills Ltd. 52.01 52.01 52.01 52.01 -1.24Premium Textile Mills Ltd. 245.00 245.00241.00 243.67 -6.33Ravi Textile Mills Ltd. 5.80 5.80 4.30 4.30 -0.99Reliance Cotton Spinning. 145.00 149.00145.00 148.03 5.53Saif Textile Mills Ltd. 20.49 20.64 19.63 19.94 0.02Sajjad Textile Mills Ltd. 3.21 3.21 3.21 3.21 -0.24Saritow Spinning Mills Ltd. 7.25 7.25 7.00 7.04 0.04Service Textile Mills Ltd. 15.50 15.50 15.18 15.18 0.00Tata Textile Mills Ltd. 48.00 51.19 48.00 51.19 2.43

TEXTILE WEAVINGProsperity Weaving Mills Ltd. 24.00 24.00 24.00 24.00 0.00Samin Textiles Ltd. 3.51 3.51 3.50 3.50 -0.10Service Fabrics Ltd. 3.11 3.20 3.10 3.20 0.01Yousuf Weaving Mills Ltd.. 3.90 3.90 3.75 3.79 0.00

TOBACCOKhyber Tobacco Co. Ltd. 488.71 488.71488.71 488.71 -25.72Pakistan Tobacco Co Ltd. 2294.94 2294.942294.94 2294.94 100.75

TRANSPORTPak International Airline. 6.80 7.09 6.60 6.86 0.06Pakistan Int.Container Terminal. 235.11 240.00235.11 237.56 -2.45Pakistan Intl. Bulk Terminal Ltd. 11.87 12.40 11.66 12.24 0.35Pakistan National Shipping Co. 63.00 64.49 62.08 63.03 -0.14

VANASPATI & ALLIED INDUSTRIESPunjab Oil Mills Ltd. 201.12 201.12201.12 201.12 -8.90S .S . Oil Mills Ltd. 35.30 35.30 35.30 35.30 -0.01Unity Foods Ltd.. 33.25 33.90 32.99 33.13 -0.17

REAL ESTATE INVESTMENT TRUSTDolmen City REIT. 11.98 12.24 11.97 12.16 -0.04

FUTURE CONTRACTSASL-NOV 11.75 11.85 11.55 11.56 -0.29AKBL-NOV 25.05 25.89 25.05 25.71 -0.20ATRL-NOV 214.00 216.50209.39 214.96 1.53BOP-NOV 13.58 13.58 13.10 13.14 -0.42BYCO-NOV 11.75 11.75 11.59 11.64 -0.13CHCC-NOV 76.25 76.25 73.01 73.16 -2.90DGKC-NOV 108.02 110.25105.65 106.28 -2.77

DOL-NOV 38.35 39.35 38.25 38.51 0.27DCR-NOV 11.75 13.20 11.75 12.43 0.14ENGRO-NOV 334.95 337.00330.01 330.86 -4.40EFERT-NOV 79.10 79.10 78.00 78.02 -1.09EFOODS-NOV 85.56 85.56 84.05 84.05 -2.02EPCL-NOV 38.89 39.40 38.12 38.35 -0.54FATIMA-NOV 36.01 36.01 35.60 35.60 0.10FCCL-NOV 25.22 25.85 25.20 25.25 -0.40FFBL-NOV 41.59 43.72 41.59 43.71 2.07FFC-NOV 99.32 99.32 99.27 99.29 -0.55FFL-NOV 33.69 34.25 33.20 34.25 1.63GATM-NOV 52.25 53.50 52.25 52.81 0.19HBL-NOV 141.99 142.50138.50 138.73 -1.24HUBC-NOV 0.00 94.64 94.64 94.64 0.00ISL-NOV 90.00 91.90 87.99 88.36 -1.82KEL-NOV 6.06 6.30 6.01 6.05 -0.05KAPCO-NOV 53.55 53.58 53.55 53.58 0.38LOTCHEM-NOV 17.85 18.43 17.45 18.18 0.45LUCK-NOV 488.10 489.10471.00 472.08 -17.63MLCF-NOV 51.00 52.75 49.00 50.43 -0.98MCB-NOVB 197.00 197.00196.50 196.50 0.52NBP-NOV 49.00 49.60 48.79 49.02 0.38NCL-NOV 62.90 64.10 61.95 62.34 -0.24NML-NOV 153.99 155.25151.75 152.92 -1.00OGDC-NOV 153.10 153.30152.30 152.65 -0.82PAEL-NOV 31.86 31.95 30.75 30.96 -0.69PIBTL-NOV 11.90 12.45 11.71 12.31 0.35POL-NOV 533.01 534.43533.00 533.72 2.58PPL-NOV 174.31 175.70174.31 175.45 -0.42PRL-NOV 31.00 31.02 30.48 30.55 -0.62PSO-NOV 275.01 278.00272.05 273.10 -3.59PTC-NOV 11.35 11.45 11.28 11.43 0.15PIOC-NOV 50.20 51.00 48.40 48.71 -1.35POWER-NOV 8.18 8.38 8.12 8.23 0.02STCL-NOV 19.29 19.29 18.82 19.00 -0.12STPL-NOV 18.80 19.15 18.60 18.96 -0.05SNGP-NOV 91.00 91.25 88.75 88.84 -2.17SSGC-NOV 26.16 26.30 25.92 26.01 -0.27SEARL-NOV 272.00 280.00270.70 271.40 0.97TRG-NOV 32.45 32.55 31.13 31.28 -1.48UBL-NOV 140.10 141.90137.50 137.57 -2.62UNITY-NOV 33.56 34.10 33.08 33.28 -0.27

KARACHI (APP): The Exchange Rates Committee ofFinancial Markets Association of Pakistan issued thefollowing exchange rates bulletin, here on Monday.LIBOR FOR CALCULATING INTEREST ON SPECIALUS DOLLAR BONDS VIDE SBP F.E. CIRCULAR NO.42 &21.07.98 & 04.08.98 RESPECTIVELY.LIBOR VALUE6 MONTHS USDOLLAR 2.8576 12.11.2018 CONVERSION RATES FOR 09TH NOVEMBER 2018 FOR FOREIGN CURRENCY FOR FORWARD COVER FOR DEPOSITS (EXCLUDING FE-25 DEPOSITS)SBP SETTLEMENT VALUE DATE NOVEMBER 14, 2018.USD 133.8164 GBP 174.0818 EUR 151.6809 JPY 1.1754

SELLING BUYINGU.S.A 134.43 131.30S.ARABIA 35.59 34.28 U.K 175.77 171.68JAPAN 1.1807 1.1526 EURO 152.82 149.28 U.A.E 36.69 33.64 LIBOR FOR CALCULATING INTEREST ON SPECIAL USDOLLAR BONDSLIBOR VALUE6 Mths US Dollar 2.85763 09-11-2018

INTEREST RATES ON OLD & INCREMENTAL F.C.Y DE OSITSRate % p.a.USD 0.1000GBP 0.1000JPY 0.0000BILL BUYING RATES PER UNIT OF CURRENCY

30 DAYS 60 DAYS 90 DAYS 120 DAYS 150 DAYS 180 DAYSUSD L/C 132.10 131.27 130.40 129.51 128.60 127.66GBP L/C 172.87 172.04 171.18 170.84 170.13 168.55 EUR L/C 150.47 149.89 149.31 148.55 147.93 147.55

ABBOTTABAD: Vendors sell warm clothes outside Jinnah Bagh as the demand of warm clothes increase during the winter season.

Prime Minister Imran Khan was accorded un-precedented welcome during his visit to China,particularly his been exposure to the Chinesemedia and key institutions. For foreign heads ofgovernment to be al lowed to address the stu-dents of the party school where past Chineseleaders are trained is a rare event and hence thehonour accorded to Prime Minister Khan cannotbe understated. Moreover, President Xi J inpingwhile addressing the opening ceremony of ChinaInternational Import Expo (CIIE), reiterated hisstance to promote globalisation and f ight pro-tectionism, the latter increasingly associatedwith US President Donald Trump’s decision tolaunch trade wars with countries the US has atrade deficit . President Xi committed to Chinacutting import taxes further and to open Chineseeconomy to the world – a long-standing demandof the US, Europe and Japan. He also stated at theopening ceremony of the CIIE that: “the eco-nomic and social well-being of countries in theworld is increasingly interconnected. The reformof the global governance system and the interna-tional order is picking up speed.” Imran Khan,picking up this refrain, highlighted the gains fornot only China and Pakistan but also the rest ofthe world in engaging in the CPEC, a major com-ponent of President Xi ’s One Belt One Road(OBOR) initiative. The importance of CPEC and improving gover-nance through targeting corruption has res-onated in nearly al l speeches made by PrimeMinister Khan in China. However one crit icaltheme that has so far been ignored by the gov-ernment , not only during the visit to China butalso within the country has been its fai lure topresent a set of detailed plans for reforms in allsectors, particularly a blueprint on how to re-solve the budget deficit and the current accountdeficit . While the Saudi government has agreedto extend $6 billion, yet China with its exposureto multilateral financial institutions was unlikelyto extend any assistance without first evaluatingthe government’s detailed plans. Now it is not surprising that while the Chineseleadership has indicated that it would assist Pak-istan to meet its compelling foreign exchange re-quirements, that are estimated at around 12bil l ion dollars yet i t would do so after furtherdeliberations. Hence the setting up of joint work-ing groups as well as CPEC Joint CooperationCommittee to explore new areas of cooperationcan be seen as a step towards China providingguidance on what is doable or not . However, theonus of formulating a viable reform plan restswith the government and it needs to come upwith out-of-the-box measures able to put theeconomy on track.

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MUHAMMAD USMAN

At present, country isplunged into difficul-ties of stunning pro-

portions from stunted childgrowth to moral degeneration,polarisation of almost all kinds,dysfunctional state institutionsand ailing economy, educationand healthcare system but for ourousted ruling elite, it is ongoingprocess of accountability whichcould shatter democracy and do-mestic cohesion to detriment ofcountry immeasurably. NAB law

is a black law which is being ap-plied selectively, viciously andopaquely against them on behestof those who want to influencepolitical system in the country. Itneeds a second look urgentlywhich the PML-N painfully re-grets not to do it in its tenure inoffice despite Asif Ali Zardari’sinsistence. Arguably, it was notdue to reasons of altruism rathera belief of the PML-N that all in-stitutions including NAB, havebeen subjugated sufficiently con-stitutionally, administrativelyand financially. They would fol-low their whims and fancytamely if so required. The subtlesupport of friendly opposition isan icing on cake. There was noneed of further squeezing NABin order to project themselvesparticularly, Sharif family, abearer of high morals which hasbeen its enduring instrument tohoodwink hapless people quitesuccessfully.The vivid glimpses of their be-

lief, one could easily trace in two

instances. Tweet of MaryamNawaz on December 11, 2016between appointment of presentCOAS and present Chief Justiceof Pakistan on December 31even at the cost of hurting publicconfidence on only two nationalinstitutions, left unscathed frompolitical domination. It read“there’s an end to every storm,once all the trees have been up-rooted, once all the houses havebeen ripped apart”. In its detailedJudgment on Panama case,Supreme Court compared Chair-man NAB, Qamar ZamanChoudhry to a fictional characterDoctor Faustus from ChristoperMarlowe’s play. Doctor Faustussold his soul to Lucifer (theDevil) for a temporary worldlygain which had ultimately led tohis perpetual domination and itappears that in present case, Re-spondent Number 2 had also de-cided to act similarly for purposeof repaying his benefactor. Suchpossibility of the ChairmanNAB, being beholden to the

Prime Minister and leader of op-position in national assembly forhis appointment and thereby, ex-tending favors to them and refus-ing to proceed against themwhen otherwise required to doso, had been commented upon inthe case of Shahid OrakzaivsPakistan. Much to their dismay,instant belief proved short livedbecause in Pakistan, time waschanging. They failed to compre-hend truth making its way. Pak-istan had Supreme Court in amood to pay back to the nation.Pakistan had Armed Forces,ready to go over even extralengths to uphold its professionaland national obligations. Pak-istan had Imran Khan who neversuccumbs to failures. He wasleading the change with middleclass, youth, women and civil so-ciety in lockstep and he finally,succeeded to dislodge erstwhileruling elite as a result of 2018elections albeit not wholly andcompletely. They continue to un-dertake lifesaving gimmicks

breathlessly. Present accounta-bility drive of NAB is too closefor survival of their chariot. Apart from backdoor games

and use of political chicanery,sophistry and venality, they evendo not hesitate to employ legiti-mate powers of Parliament toachieve their illegitimate/uglyends. Following disqualificationof Nawaz Sharif in Panama case,to thwart NAB prosecution incorruption cases against Shariffamily, reportedly, government ofthe PML-N seriously contem-plated to legislate to end NAB onname of establishing an adminis-tratively, financially and func-tionally independent NationalAccountability Commission. Tothe contrary, PPP/PML-N whilein office never made any effort tomake NAB administratively andfinancially independent in orderto keep it under their thumb.Draft legislation proposed hear-ing of corruption cases at alreadyoverloaded district and sessioncourts. The cases bound to be de-

cided within a month. Corruptioncases would stand closed if notdecided in ten years. Instead ofone person; Chairman, Account-ability Commission would have aset of persons which would takekey decisions. It would have beenan act of sheer mockery but couldnot be carried forward becauseverdict of Supreme Court, an-nulling a legislation, allowing adisqualified person to head a po-litical party, was too recent to beforgotten. With Imran Khan asprime minister, nose of accounta-bility increasingly drawing closerto ruling elite. Consequently, theyare equally becoming anxious tofind escape. A news item aboutconsultations of the PML-N andPPP to amend NAB laws on basisof report of parliamentary com-mittee on review of NAB laws,formed in time of Nawaz govern-ment catches one’s eyes. Theyhave also met treasury benchesand termed the interaction posi-tive. Given conditions, it raisesmore alarm particularly, in back-

drop of grave concern shown bythem regarding law granting 90days remand of suspects to ac-countability body and history ofjoining hands by ruling and op-position parties when stakes arehigh and mutual. Said remand isconsidered potentially capable ofspawning raft of difficulties forthem. Majority of 55 corruptioncases under investigation byNAB against political parties in-cludes the PPP, PML-N and PTI.Top leadership of the PPP andPML-N is under serious investi-gation/trial. MPs of their partiesare pawn in their hands. In pres-ent circumstances, legislation ofany kind about NAB law couldbe counterproductive and retro-gressive, being suspect and un-timely. Nation needs to standguard particularly, the PM ImranKhan because moral authority ishis mainstay.

• The writer, retired Lt Col, is freelance columnist based in Islamabad.

Amending NAB law

MUBARAK ALI

There are twoforms of historywriting that can

help us understand a na-tion and its character. Thefirst is dominated by theinterests of the rulingclasses and historians whohave based their accountson state documents, man-uscripts, and the govern-ment’s legal and socialannouncements.Such historical narra-

tives reflect the activitiesof the ruling classes andhighlight their role inbuilding social and cul-tural values and traditions.The second form of his-tory writing relies on thework of intellectuals whoaren’t part of state institu-tions. Many of these intel-lectuals focus on thepeople and provide detailsof their hard work, contri-bution to the arts, andpublic festivals.There is a difference be-

tween both historical ac-counts. The firstrepresents the narrative ofthe upper class while thesecond depicts the role ofthe rest of society in shap-ing and building history.We must understand

and analyse the poetry ofShah Abdul Latif Bhitaion the basis of the secondgenre of historical narra-tives. First, we have to un-derstand the history ofSindh from a political per-spective that is closely re-lated to social and culturalprocesses.The history of Sindh

begins with the publica-tion of the Chach Nama orthe Fatehnama Sindh,which is written from theArab point of view, whenSindh lost its independ-ence and became aprovince of the Umayyadand Abbasid empires. Thesecond most important as-pect was Sindh’s conquestby the Mughals during therule of Emperor Akbar.Although Akbar was agreat ruler, Sindhisviewed him as an imperi-alist whose forces occu-pied Sindh and made itpart of the Mughal Em-pire.In his book ‘Tarikh-e-

Mazhar-e-Shahjahani’ ,Yousaf Mirak offers de-tails of how Sindh’s popu-lation was subjected toinjustices and exploita-tion. This shows howSindh suffered politically,socially and economicallyduring the Mughal era.During the fall of the

Mughal Empire, the bu-reaucracy could not con-trol Sindh’s affairs andhanded the territory overto the Kalhoras in 1701, alocal tribe that, in the ab-sence of any authority,proceeded to fight againstlandlords and occupiedtheir landed property.Soon after, the Kalhorasassumed power and be-came the ruling dynasty.That was the period whena peasants’ rebellion ledby Sufi saint Shah Inayatwas brutally crushed, andShah Inayat was executedin 1718. The Kalhorasfound Sindh to be politi-cally disturbed and trib-ally divided. They hadfailed to consolidate theirrule and couldn’t con-tribute to people’s wel-fare. When Nadir Shah

invaded Sindh in 1739,Mian Noor Muhammad, aKalhora ruler, didn’t de-fend his people. Instead,he escaped along with histreasure and sought refugeat Amarkot, from wherehe wanted to travel to theThar Desert. However,Nadir Shah eventuallyreached Amarkot, tookMian Noor Muhammadprisoner and seized histreasure. Nadir Shah fixedan annual tribute of Rs20lakh and made Sindh a‘tributary state’. AfterNadir Shah occupiedSindh, Ahmad Shah Ab-dali followed in his foot-steps and invaded theregion quite a few timesand plundered its wealth.When the Kalhoras

rulers failed to protectpeople from invaders,their lives became miser-able. There was a perma-nent threat of invasions intheir towns and villages.When the political systembecame progressivelymore unstable and theeconomic situation col-lapsed, the Kalhoras madeattempts to seek refugeand protection. Theyturned their attention to-wards Sufi saints and theirshrines and khanqahs. Asa result, Sufism becamepopular in Sindh and vari-ous Sufi orders emergedthat drew people to payhomage to saints and revi-talise themselves to en-dure life’s hardships.Shah Abdul Latif Bhitai

experienced Sindh’s esca-lating political, social andeconomic conditions. As aresult, we find deep im-prints of his times in hispoetry. Shah Bhitai alsotravelled across the coun-try and established directcontacts with peasants,workers, craftsmen, arti-sans and nomads. He fullyintegrated their sensibili-ties, sufferings and paininto his consciousness.Therefore, his poetry re-flects the condition ofmarginalised groups.There is no religious

extremism and sectarian-ism in Shah Abdul LatifBhitai’s poetry. He alsodid not seek any royalfavours or protectionthroughout his life. ShahAbdul Latif Bhitai choseto write in Sindhi insteadof Persian, the languageof the elite, to gain directaccess to the people. Hispoetry, therefore, enrichesSindhi literature andraises the standard ofSindhi as a language.If history is written on

the basis of Shah AbdulLatif Bhitai’s poetry, his-torians may find consider-able information aboutculture and folk literaturethat could provide a betterunderstanding of Sindh’speople.After Partition, Sindh

faced an array of politicaland social problems and anationalist movementemerged to address thesechallenges.The nationalist move-

ment recognises ShahAbdul Latif Bhitai as asymbol of Sindhi cultureand the voice of Sindhis.However, making Bhitai anationalist emblem is notcorrect because his poetrycarries a universal mes-sage that should be pro-moted to integrate all theprovinces of Pakistan.

The voice of Sindh

PM’s China visit

Tuesday, November 13 2018

EDITORIAL |06TheBusiness

ZAIGHAM KHAN

The PTI government hasraised the game of the de-monisation of political op-

ponents to another level. Last week,Minister of State for InteriorShehryar Afridi tried to link the par-liamentary opposition with the actsof violence committed during theTLP protests.Afridi told the Senate that the

leaders of the Tehreek-e-LabbaikPakistan had denied that the violentprotesters belonged to the group.The minister conveniently shiftedthe blame to the activists of themainstream political opposition par-ties, which had supported the gov-ernment throughout the mayhem.The minister of state presented noevidence in support of his outlandishaccusation.The statement cannot be seen as

an emotional political outburst asthe minister was speaking on thefloor of the upper house, represent-ing the federal government. Hisstatement has serious policy and po-litical implications as it amounts togranting impunity to the TLP lead-ership. It also presents a dangerousescalation in the already poisonouspolitical atmosphere in the country.These statements and a number of

other steps show that the PTI in gov-ernment wants to continue with thetools and techniques it used as anopposition party, when it aimed tobreak the duopoly of the PML-N andthe PPP – what Imran Khan termedas muk muka and rule by turns –through a no-holds-barred strategy.Imran Khan has demonised his

political opponents from the verybeginning to create a space for him-self in a political market place dom-inated by the duopoly of twopowerful political parties. From thevery beginning, he tried to tarnishthe image of the whole politicalclass, holding them responsible forall the ills in the country.During the last year of the PML-N

government, the PTI raised thetempo to a feverish level, linking theruling party with everything bad thathappened in the country – or evenabroad. For example, the partyjoined Khadim Rizvi in implicatingthe then ruling party in blasphemy,and also declared former prime min-ister Nawaz Sharif as an agent ofenemy states.Unfortunately, these techniques

are too familiar in today’s worldwhere democracy is receding underthe onslaught of the populist poli-tics. This is how a report by the

Amnesty International commentedon the situation: “Today’s politics ofdemonisation shamelessly peddles adangerous idea that some people areless human than others, strippingaway the humanity of entire groupsof people. This threatens to unleashthe darkest aspects of human na-ture…Seismic political shifts (have)…exposed the potential of hatefulrhetoric to unleash the dark side ofhuman nature…The global trend ofangrier and more divisive politicswas exemplified by Donald Trump’spoisonous campaign rhetoric, butpolitical leaders in various parts ofthe world also wagered their futurepower on narratives of fear, blameand division.”Imran Khan is not the first to use

fear, blame and division as politicaltechniques. Nawaz Sharif did thesame to break the monopoly of thePPP on politics in the late 1980s andearly 1990s. He was able to build apopular political party using similarresources and techniques.Nawaz Sharif’’s success ushered

in a two-party system in Pakistan, akind of duopoly that did not leavemuch space for other political par-ties or new entrants. Imran Khan en-tered politics with the stated aim tobreak this duopoly and he finallysucceeded in 2018. Whatever thereasons and conditions, the PTI isthe largest political party in Pakistantoday. So what can Imran Khanachieve by continuing with the samegame?This question can be explained

along two lines. Saeed Shafqat hadoutlined two contradictory tenden-cies in Pakistan’s political system inhis excellent book, ‘Civil-MilitaryRelations in Pakistan: From ZulfikarAli Bhutto to Benazir Bhutto’. Ac-cording to Shafqat: “In the first, theprimary objective was to curb par-ticipatory politics and to subordinatethe political parties and other au-tonomous interest groups to militaryhegemony. ...In the second instance,the primary concern was to subordi-nate the military bureaucratic elitesto civilianed (one) party dominance,and to build an alternative to mili-tary rule.”Throughout the 1990s, the PML-

N sought to establish single-partydominance in the country by takinga number of steps. It laid out anelaborate patronage network, neverseen before in the country. This net-work turned agriculture-based andmiddle-class politicians into sugarbarons and owners of textile mills.Civil services were systematicallysubordinated to the Sharif family,

earning the services the name of It-tefaq Civil Services (ICS).The opposition, led by Benazir’s

PPP, took the brunt of a vilificationcampaign and dozens of trumped-upcourt cases. The sections of themedia that could not be bought wasconstantly harassed and intimidated.Some of the most senior journalistshad to face treason charges forspeaking against the government.This phase ended in May 2006 whenNawaz Sharif and Benazir Bhuttosigned the historic Charter ofDemocracy, vowing to transformPakistan’s political culture.In many ways, the PTI has taken

us back to the politics of the 1990sand – still uncertain of its hold overpower – wants to continue with thetechniques that brought it to power.It has also tried to subjugate thecivil services just as Nawaz Shairfhad done in the 1990s. The PTI isalso relying on the accountabilitymechanism to trap its political op-ponents in the way that reminds usof the 1990s. [The director generalof NAB, Lahore, decided to go onthe media with his guns blazingagainst opposition leaders, revealingdetails of investigations].The second scenario is even more

ominous. Imran Khan is simplydoing what all authoritarian pop-ulists are doing around the world.He is on his way to becoming Pak-istan Erdogan or Vladimir Putin.Ironically, both are seen in a posi-tive light in Pakistan. Any move toauthoritarianism in a plural societylike Pakistan by a party that enjoyslimited popularity is rife with risksof political instability and dividethat may require more suppressionand fuel further instability.The PTI can do better than this.

By focusing on implementing itspromises, it can change the destinyof the nation and get popularitywhile entrenching a democratic cul-ture in Pakistan. Most of thesepromises cannot be fulfilled withoutpromoting political stability and cre-ating a broad consensus among var-ious political forces and socialgroups. Imran Khan has been tellingus constantly that he is a real liberal,of the Western type, while all Pak-istan liberals are blood-thirsty typeswho do not understand the meaningof liberalism. The PTI cannot stakeclaim to any brand of liberalism bycowering in front forces like theTLP and attacking the political par-ties that represent a vote bank that iscumulatively much larger than thePTI’s. Haven’t we had enough ofthis game?

The politics of demonisation

MARK WEISBROT

With the Democrats havingwon the House of Represen-tatives, and forecast to gain

37 seats (there are currently 14 uncalledraces), there is some confusion aboutwhat this means. And there is also somedebate over what it might indicate for thefuture of Trump and his party.Many have pointed to the fact that the

president’s party usually loses seats in theHouse in the midterm elections, and thattherefore this loss may be just the normalworkings of politics. But it is not so easyto lose seats when the economy is doingas well as it is today: unemployment is ata half-century low (3.7 percent), with lowinflation, and real (inflation-adjusted)wages are finally showing significantgrowth.Republicans point to the Democrats’

loss of 63 seats in 2010, under PresidentObama, to make the current defeat lookgood. But this is not an appropriate com-parison: in that election, the economywas just recovering from its worst reces-sion since the Great Depression. Unem-ployment was at 9.4 percent, and millionsof people had lost not only their jobs butalso their homes.A better comparison for the current

midterm election is 1998, with Bill Clin-ton in the White House. Unemploymentat that time was at 4.5 percent. The De-mocrats actually gained five seats in theHouse. And Clinton himself was deep inthe midst of his own troubles: the monthafter that election, he became only thesecond US president in history to be im-peached. The economy normally counts

for a lot in midterm elections. In someelections there can be events that over-whelm the impact of the economy. In hisfirst term, George W. Bush actuallypresided over negative job growth, thefirst president since the Great Depressionto do so. But in his midterm election of2002, he managed to push all the badnews out of the media with a massivepublic relations blitz leading up to theIraq War. So the Republican Party pickedup eight House seats, and kept the Con-gress.But there was no war or major event

that dominated this election cycle. In fact,Trump did his best to make himself themain issue?his modus operandi since the2016 race. Responding to the suggestionthat, with unemployment at 3.7 percent,he should speak about the economy, hesaid, “sometimes it’s not as exciting totalk about the economy.”For Trump, “exciting” means capital-

izing on anger, hatred, racism, and fear.And he campaigned furiously to stir upall of these demons in those who wouldlisten, while lying up a storm, trying toportray a caravan of poor, unarmed Cen-tral American refugees as if it were theChinese army about to roll tanks acrossour southern border.It didn’t work, and the Republicans lost

the House. The Democrats also picked upseven governors, wiping out most of thegains (11 governors) that Republicanshad won in that important arena over thepast nine years. The Republicans are pro-jected to gain two seats in the Senate, butthat is in large part a structural problem.This is a legislative chamber where 20percent of the country (disproportionately

rural) can elect the majority, and we havean increasingly polarized rural-urban di-vide (which Trump has done his best towiden). It’s going to take some extrawork to bring democracy to this institu-tion. Not to mention bringing democracyto the presidential election system, whereTrump lost by 2.8 million votes. In fact,the Republicans rely heavily on votersuppression, gerrymandering, and over-all disenfranchisement in order to rulethis country. The big increase in voterturnout on Tuesday, for a midterm elec-tion, was encouraging. But in the 2016presidential election, the US ranked 26thof 32 OECD countries (a group of mostlyhigh-income nations) in voter participa-tion. We have many laws, rules, and prac-tices that put us near the bottom of theheap. When these are changed, thechances of right-wing minority rule willfall precipitously. The Democrats’ victoryin the House is important not only in theimmediate sense that it will provide acheck on Trump but also because it couldmark the beginning of the end of thisnightmare. Trump’s strategy for politicalsurvival (which appears to be practicallyhis only concern) is to continuouslythrow red meat to his supporters. Repub-licans’ fear of this loyal base limits de-fections that could potentially lead to hisimpeachment (in the House) and moreimportantly his conviction in the Senate.This strategy of focusing almost com-pletely on his base makes him differentfrom any previous president, and indeedmost leaders in the world, who generallyprefer to expand their political base byappealing to at least some voters outsideof their hard-core supporters.

Trump’s loss

Neither law nor order

Tuesday, November 13 2018

OPINION |07TheBusiness

Safety in cricket The brilliant partnership of opener bats-

men, Imamul Haq and Fakhar Zaman helpedPakistan defeat New Zealand by six wicketsin the second match of the ongoing ODI se-ries between the two countries. In this match,Imam also suffered from a head injury and isnow advised rest for a couple of days. He gotinjured when a ball hit his face – although hewas wearing a helmet. This isn’t the first timethat a player has sustained a head injury. Play-ers like Mark Boucher, Brian Lara and GaryKirsten have been hit by a deadly bouncer aswell. Their injuries resulted into an early endof their careers. And no one can forget thetragic death of Phillip Hughes who died afterbeing hit on the side of the neck during a do-mestic match. Following his tragic death,cricket experts asked the ICC to tighten therules around the use of helmet and to come upwith new designs for cricket helmet. Sincemany players have sustained injuries as theresult of on-field incidents, the ICC shouldmake an investment in new safer designs ofhelmets to avert such serious injuries.

Bakhtiyar PhullanTURBAT

Stranger at home I returned to Pakistan after more than a

decade and, to be honest, was shocked by thewelcome I receive. After arriving at the newlyconstructed Islamabad airport, I had to wait foran usually long time for my bags.After having a bad experience at the airport,

I had another equally bad encounter with a mo-torcyclist. While crossing a main road, I barelysurvived being hit by the motorcyclist. Eventhough it was his fault, he hurled abuses at me asif I was the one at fault. It was then that I feltlike a stranger in my own country.

Akhtar Naveed SyedISLAMABAD

Who’s at fault? This refers to the letter ‘Fictitious bank ac-

counts’ by M Rafique Zakaria. The writer hascorrectly highlighted that while every day we arefinding out that millions of rupees are stacked inthe account of a rickshaw driver or an ice creamvendor, the authorities concerned have not takenany steps to arrest those who allow the openingof such bank accounts without proper verifica-tion. As much as it indicates that some influen-

tial people have put their ill gotten money, it alsoreflects on the poor controls exercised by banks.Aren’t banks supposed to ask for a verified doc-ument to proof that a bank account holder has alegal source of income? How come the banknever asked the two account holders – the rick-shaw driver and the ice cream vendor – to sub-mit income details? The writer has rightly saidthat we voted for the PTI because the partypromised to get rid of all the corrupt elements.Now, the federal government is responsible forbringing the wrongdoers to book.

Hafsa SalmanKARACHI

Obeying traffic rulesI usually see people at traffic signals always in

a hurry. It seems that it is extremely hard for somepeople to wait at a signal for two minutes. Manydrivers don’t even stop on zebra crossing whichshould be left for pedestrians so that they cancross the road. They are the same people whodon’t think twice before breaking the traffic sig-nal. The traffic authorities need to take relevantsteps to create awareness among people and finethose who are involved in breaking traffic rules.

Zubair KhanISLAMABAD

Big decisions This refers to the letter ‘Career counselling’ by

Prof K K Mushtaq. According to the writer, manystudents are unable to choose right career path forthemselves. It is true that a majority of students inour country get admission in a degree of theirparents’ choice. Since they have no interest in thatparticular line of study, they find it difficult tomaintain their grades. It is indeed appalling thatthe education department has not considered in-troducing career counselling at the school andcollege levels. Students do not have proper guid-ance of a professional advisor who can help a stu-dent choose a career in which he/she has interest.The relevant authorities should look into thismatter and take steps to conduct career coun-selling sessions at education institutions and helpstudents choose a career path.

Mahganj HabibKECH

Entry test For the admission in an undergraduate pro-

gramme in Khyber Pakhtunkhwa, the authoritiesconcerned have introduced a standardised ETEAtest. Students who wish to take admission in a

medical or engineering college have to take thisstandard test. The test comprises 200 MCQs. But,a lot of students face problem while taking the test.The consensus among a majority of students is thatthe time allotted for the test is quite less. As a re-sult, a lot of students are unable to complete theirtest on time. Also, previously, public universitieswould consider a candidate’s FSc or FA marks aswell. However, after the introduction of this test,the universities now only consider test scores.

Muhammad AhsanNOWSHERA

Broken roads During the peak hours in morning, a large

number of vehicles can be seen running onroads. However, the condition of our roads issuch that commuters cannot have a smooth rideon them. These broken roads damage people’svehicles. The main road of Nazimabad No 7 isin an extremely bad condition. Many accidentshave also occurred on this road and the author-ities concerned have blamed the poor conditionof the road for the rising number of road acci-dents here. The relevant authorities must beginrepair work at the earliest.

Seerat AyeshaKARACHI

Letters to the Editor

DR A Q KHAN

As we grow older, we oftenclose our eyes and revisitold memories. This happens

to me quite a lot lately. Thanks to theAlmighty, I have had a good, eventfullife to look back on. Growing up inBhopal was like living in paradise onearth.I had loving parents. The city was

beautiful and had scenic mountains,lakes, abundant wildlife, and manyfruits growing in the forest that weused to pluck from trees. I was luckyto have excellent, committed and kindteachers in a friendly school atmos-phere that was conducive to learning.We played hockey and football andfished and swam in the lakes. I couldnot have wished for a better child-hood.During school holidays, we would

read our historic literature. ‘AlifLaila’ (Arabian Nights), ‘Tilism-e-Hoshruba’ and ‘Fasana-e-Azad’ are all

still clear in my mind, as are the Is-lamic history books I read – notablythose written by Abdul Haleem Shararand Naseem Hijazi. We found thesehistory books particularly interestingbecause they not only containedchronicles of war and heroism, butalso carried stories from the dailylives of valiant, simple, down-to-earthcommanders.There were the stories about Khalid

bin Walid, Tariq bin Ziyad, Malik al-Zaheer Baybars, Marwan bin AbdulMalik, Yousuf bin Tashfeen and thevery brave and valiant Sultan Nurud-din Zangi. Sultan Zangi was blessedwith a miracle of sorts. He was theson of Sultan Imaduddin Zangi. Theywere members of the Oghuz TurkishZangi dynasty that ruled the Syrianprovince of the Seljuk Empire. Theyruled this province from the 12th cen-tury until the early 13th century.After the treacherous murder of

Sultan Imaduddin Zangi at the handsof his servants, the army and nobles

appointed Nuruddin Zangi as his suc-cessor. He was a brave and valiantwarrior who defeated the Christianarmies in the Crusades.One night Sultan Nuruddin went to

sleep after Isha prayers. He had adream in which he saw our HolyProphet (pbuh) who informed himthat miscreants were planning to harmhis (the Prophet’s) body. The sultanwas a little perplexed by the dream,but didn’t pay too much attention toit. The following night, he once againhad the same dream. This time, he be-came worried about it.On the third day, the Holy Prophet

(pbuh) appeared in his dream againand reprimanded him for not doinganything about the matter. He toldhim that two miscreants in particularwere troubling him. In his dream, thesultan even clearly saw their faces.Troubled by the dream, he took a con-tingent of soldiers and travelled toMadina the following morning. Inthose days, the journey to Medina

took around 25 days. But the sultanand his soldiers covered it in just 16days.On reaching Madina, he ordered all

gates to be closed and asked the gov-ernor to invite all the men of Madinato dinner on a plain. During this din-ner, the sultan personally inspectedeach and every person present at thedinner, but didn’t see the two men hehad seen in his dream. He then in-quired if there were any other men inthe city who had not attended the din-ner. The governor informed him thatthere were two elderly foreign pil-grims who were staying in a smallhouse near Masjid-e-Nabvi. He toldthe sultan that both men spent the en-tire day praying and were seen at Jan-natul Baqi in the evening, providingwater to visitors. They had been in thecity for quite some time.The sultan asked the governor to

take him to see the two men. When heentered the room, he immediatelyrecognised them as the men he had

seen in his dream. The room was di-lapidated, with only a few pots andpans strewn across it. There was a maton the floor. When the sultan put hisfoot on the mat, he noticed that it felthollow underneath. The sultan askedhis soldiers to remove the mat andfound the entrance to a tunnel under-neath it.He asked the men who they were.

They started trembling and replied thatthey had been commissioned by Chris-tian rulers to steal the body of theHoly Prophet (pbuh) in order to de-fame Islam. The sultan became ex-tremely angry, pulled his sword fromits scabbard and chopped off the headsof both men. When he entered the tun-nel, he saw the feet of the HolyProphet (pbuh) at the very end of it; hekissed them and wept.He told the governor and his sol-

diers that it had been a real blessingfrom Almighty Allah that he had beenchosen for such an important task. Hecontinued to weep until he reached the

governor’s residence. The next day, heordered a deep trench to be dug aroundthe grave of the Holy Prophet (pbuh),which he then filled with molten leadto ensure that nobody could reach thegrave in future. This miracle ought tobe remembered by everyone. Unfortu-nately, the young generation is nolonger interested in the old classics,poetry and history of our region. Theirinterests nowadays are focused onsmartphones and social media, whichoften isolate them from personal con-nections with their family and friends,and following current events. I saw apicture/video (on my smartphone) of awarning by Albert Einstein of howtechnological advancements will de-stroy family interactions, the warmthof friendship, and personal communi-cation between family members. Thevideo showed people who were busyon their phones and weren’t communi-cating with each other or appreciatingtheir surroundings. This is exactlywhat we see nowadays.

Memories and a miracle

BABAR SATTAR

Despite the Supreme Court’sorders, Aasia Bibi couldn’tbe released from the

smaller Multan prison to the largerprison that Pakistan has become forher. She was finally released on No-vember 8 amid reports that she hadleft Pakistan. The government hasdenied these reports.For Aasia Bibi’s sake, one hoped

that the reports were true and shehad left the country because the statewith all its might can’t guarantee herlife and safety even if it wants to.She can die in Pakistan but not livein it.Forget Aasia Bibi, General

Musharraf has told the SupremeCourt that he can’t return to Pakistanfor security reasons. Let’s assume heis exaggerating. But is it not truethat many of those who havepresided over Pakistan’s war withnon-state actors can lead a relativelynormal life post-retirement due tosecurity concerns? If the only waythe state can protect a citizen underthreat or an official who has servedin high office is by holding him/hercaptive, what does it say about thestate’s writ and monopoly over vio-lence?The refrain of those who speak for

rule of law and civilian authority hasbeen that Pakistan has continued tochoose order over law. Those thathave the most might to enforce ordersit atop our power pyramid, even ifthat disturbs our constitutionalscheme of distribution of powers.Even while criticising the policiesthat have relied on non-state actorsfor the pursuit of the flawed notionsof national security and national in-terest, the fact isn’t lost that we needa strong military to liquidate non-state actors if we so choose.Let’s forget about the law for a

moment. What remains of the ra-tionale for those that have the mostmight sitting atop the power pyra-mid in our de-facto system if theyare perceived to be unwilling or un-able to enforce order upon non-stateactors? If the state continues to beheld hostage by the TLP even afterthe latter’s top leadership has invitedfaithful soldiers to revolt against thearmy chief and declared the senior-most judges of the SC liable to bekilled, what will be provocationenough to act against the TLP’s vio-lence and threats? Can the TLP’s‘fatwas’ against the army chief andjudges be undone?We’ve been told that it isn’t right

to drag the establishment into every-thing. That would be a fair point ifthey hadn’t intervened in otherfacets of national life in the past. In

the middle of the TLP’s Faizabadlockdown, they publicly volunteeredadvice that the matter be settled am-icably. They then seemingly bro-kered a deal between the TLP andthe then government. This is just oneinstance. The point is that guardiansof national interest intervene whenthey wish. To say that the TLP’sthreat isn’t their business is disin-genuous.Can we count the times have we

been told that such and such mustnot happen because it is a matter ofthe morale of the troops? WhenMusharraf had been summoned tothe special court for indictment, hehad to be diverted to the hospital be-cause it was a matter of the troops’morale. Here a band of thugs haspassed a damning indictment againstthe current leadership while exhort-ing its troops to rebel. Does this hatespeech not impinge upon the moraleof troops?Before Fata erupted, there were

institutional structures that kept thepeace. The political agent repre-sented state authority and no one or-dinarily crossed him. With anill-advised visit to the house of amilitant leader in 2004 and a subse-quent peace deal (that didn’t holdeven for a few days), the establishedstructure and the authority of the po-litical agent were blown up by thestate itself. The TTP stepped up tofill the vacuum created. The state ul-timately had to use its full might towrestle back power from the TTP,and reestablish its writ.When state authority capitulated

in Swat and subsequently in Waziris-tan, we were told that use of forcewould lead to blowback and suicideattacks across Pakistan. Even withdeals and appeasement suicide at-tacks continued unabated. Eventu-ally there was a change in command.The new chief said: enough. Zarb-e-Azb commenced in Waziristan.Years of appeasement required thestate to fight pitched battles to re-gain territory and establish control.But with the operation, suicide at-tacks came down and the blowbackargument turned out to be vastly ex-aggerated.The Lal Masjid operation wasn’t

flawed because appeasement and in-action were preferred options. It in-vited criticism because the forceused after much delay was dispro-portionate to the threat, and causedavoidable loss of life. Such use offorce wouldn’t have been required ifthe state had acted when hooligansfirst captured the children’s libraryand initiated vigilantism in Islam-abad. Musharraf let the matter sim-mer for political reasons: to magnifythe threat from extremists and proj-

ect himself as the man standing be-tween crazy Mullahs and a nuclearPakistan.Is it only the civil law-enforce-

ment agencies’ job to handle the TLPand other non-state actors? Theproblem with this is that you can’tswing between the de-facto and thede-jure system at will. If there is anunwritten understanding that non-state actors are to be handled by in-telligence agencies, the local SHO orSP will not enforce the writ of thestate. When the rug was pulled fromunder the feet of the Islamabad Po-lice during the last TLP dharna atFaizabad and the thugs were finallyseen off after being handed crispnotes, what lesson would the LEAsdraw?Iftikhar Chaudhry wasn’t a liked

chief justice in 2007 when Mushar-raf sacked him. But the lawyersrightly fought back because it wasthe office of the CJP that was beingrobbed of its independence. The cur-rent CJP, while taking cognizance ofTLP violence, has restricted thescope of inquiry to losses caused tocitizens and excluded the threatshurled upon judges. These threatshave not scandalised judges, but willobstruct administration of justice inblasphemy cases for times to come.If there remains any basis for the

offence of contempt of court to stayon statute books, it is to deter ob-struction of justice. If there ever isany justification for contempt pro-ceedings, it is to protect the ability ofjudges to dispense justice withoutfear. It is unlikely that judges wouldhave shuddered recalling NihalHashmi’s threats. But the deaththreats issued by the Qadri-Rizvi duoare real. If this doesn’t amount tocontempt, what else can? But thenjudges don’t command armedbrigades to enforce the writ of lawand their edicts. The state does.Pakistan’s employment of non-

state actors is defended (unofficially)on the basis of real politick. The dif-ference of opinion between thosewho oppose the policy and those whodefend it (within the plain of realism)is over whether the cost endured byPakistan as a consequence of suchpolicy is acceptable or not. If the TLPhas emerged to threaten the state, de-spite state efforts to the contrary, weare truly doomed. Even if there maybe those who believe that undermin-ing the army chief’s authority in thede-facto system and the SC’s author-ity within the de-jure system is ac-ceptable cost for keeping the TLP inplay, the state will ultimately need toliquidate the TLP. But the disease isspreading. Fighting it in the heart ofPunjab will be a lot harder than deal-ing with the TTP in the borderlands.

Quick Read

Four facilitatorsin police killingcase acquitted

DIKHAN: Anti Terrorism Court (ATC)Monday acquitted four alleged facilitatorsin killing of five police officials in an attackon a police van due to insufficient evi-dences and poor investigation.The accused were taken into custody

after an attack on police van on January 16,2017 in jurisdiction of police station can-tonment in which ASI Rehmatullah, Con-stables Rashid Iqbal, Muhammad Noman,Driver Irshad and Patrol Pump manger Fazlur Rehmanwere killed on the spot.A case of terrorism was registered against

unknown persons on complaint of SHOcantonment Mohammad Nawaz and ac-cused Ilyas, Abid, Majid and 16 others inthe case and started investigation.The ATC has acquitted four accused due

to insufficient evidences which could not beproved guilty in the case. Meawhile, districtpolice arrested four proclaimed offenders insearch and strike operation and seized onerifles, three guns, 20 bullets and drugs fromtheir custody.—APP

DC reviewsanti-malaria activities

KARACHI: Deputy Commissioner(DC) Sukkur, Ghulam Murtaza Shaikh onMonday visited vegetable market to reviewthe cleanliness and anti-malaria, anti-dengue activities in the district.The DC instructed the Market Commit-

tee and Taluka Municipal Administration(TMA) Sukkur to focus upon the cleanli-ness and clear sewerage water.He said that zero tolerance policy would

be adopted against any negligence in thisregard.He also instructed the Taluka Municipal

Officer (TMO) Sukkur to make all arrange-ments for cleanliness.—APP

ANP submits motion for help totomato growers

PESHAWAR: The Awami NationalParty (ANP) on Monday submitted an ad-journment motion in Khyber PakhtunkhwaAssembly secretariat for compensation tothe farmers on account of losses they suf-fered for tomato crop at Chamla Buner dueto pesticide disease.Parliamentary Leader ANP Sardar Hus-

sain Babak demanded that the experts ofagriculture should be sent to the area to as-sess the damages caused to yield.He complained bumper tomato crop

stretching over hundreds of kanal land gotinfected by harmful insects incurring ofloses worth millions of rupees on poorgrowers who were hardly making their bothhands met within limited resources.—APP

ACE retrieves 27 kanal lands

SARGODHA: Anti Corruption Estab-lishment (ACE) Sargodha retrieved 27kanal commercial state land worth millionsof rupees from land grabbers in Jauhrabad.ACE authorities Monday said that anti

corruption authorities learnt that formercouncilor Taimour Lodhi in collusion withthe Housing Department had occupied twocommercial plots measuring nine Kanalsand eight Kanals near CTD office and Al-Falah road near NPB Jauhrabad worth Rs180 million. Besides, another influential po-litical person Afzal Proprietor had occupiedtwo kanal commercial lands in collusionwith Municipal Committee Jauhrabadworth Rs 50 million.Similarly, three other influential persons

including Muhammad Samrez, MuhammadIqbal and Muhammad had occupied anothereight kanal commercial land at ChowkMuzaffar Garh road worth Rs 280 million.On the inquiry report of Circle Officer

Khushab Atif Shokat, ACE director AsimRaza along with district administration re-trieved the state land from grabbers.—APP


NATIONAL |08TheBusiness

KARACHI: Employees of Shaheen Airlines hold placards while protesting against the non-payment of their salaries outside the Karachi Press Club. —Online

Two killed in separate incidents

SWABI: Two persons werekilled in separate incidentsoccurred in different areas ofthe district, local police in-formed here on Friday.In first incident that oc-

curred within the limits ofTordhair Police Station, aman who was travelling withhis father was killed by thefiring of unknown assailants.Reason behind the killing wasstated to be an old enmity.In the other incident a bul-

let riddled body of a young-ster, identified as Nasir wasrecovered from a local streamnear Nawan Kali area. Fatherof the killed has lodged FIRagainst his rivals includingNoorul Amin, Ejazul Aminand Sanaul Haq.Cases have been registered

in relevant police stations andfurther investigation was un-derway

Bikers urged to use helmetRAWALPINDI: Chief

Traffic Officer (CTO)Muhammad Ashraf Bin Fri-day urged bikers to use hel-met to avoid fatal accidents.Traffic police would im-

pose fine and may also im-pound the motorbike ofriders, caught without hel-mets, the CTO said in a state-ment.The CTO said wearing a

helmet could save a driver’slife in case of any accident.“Sometimes it’s the only dif-ference between life anddeath,” he added. He said thetraffic police was making allefforts to regulate flow of traf-fic on Murree road.—APP

Labourer killedSARGODHA: A labourer

was killed during blasting ofstones at hills in Atta Shaheedpolice limits.Police said on Monday that

Noor Hussain (50) of Chak107 /SB was blasting stones atStone Industry situated atBlock No.4 Chak 126 /SB,when he received critical in-juries after some stones hithim.The injured was shifted to

hospital where he succumbedto his injuries.Police handed over the

body to the heirs after neces-sary legal formalities.—APP

Uniformed education system only solution to ‘One Nation’: Shafqat

ISLAMABAD: Federal Minister forEducation and Professional TrainingShafqat Mahmood on Monday under-scoring the need of a uniformed educa-tion systems said it was an only solutionto end divide between different classesof the society.Addressing a press conference after

conclusion of 11th Inter Provincial Ed-ucation Ministers Conference (IPMC)here, the minister said that a CurriculumCouncil would be established to reviewthe syllabus being taught across thecountry.The federal education ministry would

work with the collaboration of all stakeholders who participated in the IPMC todiscuss challenges and targeted goals inthe education sector, he added.He said presence of provinces repre-

sentatives was a proof that the govern-ment was sincere to resolve challengesbeing faced by the education sector. Hesaid that federation and provinces havestrong coordination over different edu-cational matters.

To bring 25 million out of schoolschildren, he said, was the biggest chal-lenge and pledged to achieve this taskduring next five years with the supportof the provinces.“We will request the Prime Minister

to launch educational volunteer pro-gramme to achieve the tasks” he said.The minister said that three different

kinds of curriculum were being adoptedby the educational institutions in thecountry.The government schools, Eng-lish medium and Wafaq-ul-Madaris allhad different syllabus and standards ofeducation, which was dividing peopleon social sphere.Shafqat said in theIPMC it has been decided to ensure im-plementation of one curriculum in thecountry and quality of the educationwould also be improved.He said soon a uniform education

system would be tabled to the PrimeMinister.The education currentlybeing imparted has no linkage with thejob market. The students were joblessdespite having degrees of PhD, he re-

gretted. The minister also sought peo-ples volunteer support for the cause ofeducation. The minister in his con-

cluding remarks said women educa-tion was among government’s top pri-orities.—APP

PESHAWAR: Inspector General Po-lice (IGP) Khyber Pakhtunkhwa (KP)Salahuddin Khan Mehsud Monday di-rected DPOs to supervise and monitorInformation Technology (IT) based ini-tiatives of police in the province.He passed these directives while

chairing a conference of District PoliceOfficers (DPOs) held here at the Cen-tral Police Office which was attendedby the senior police officers includingDIGs Special Branch, CTD, Headquar-ters and Investigation and all the DPOs.During the meeting, the IGP directed

the DPOs to personally supervise andmonitor the various IT based initiativesof Khyber Pakhtunkhwa Police includ-ing Identity Verification System (IVS),Criminal Record Verification System(CRVS) and Vehicle Verification Sys-tem (VVS).These IT tools have been very effec-

tive in apprehending suspicious per-sons, criminals, Proclaimed Offenders,

suspected/stolen vehicles etc which inturn help in thwarting the perpetrationof any sabotage activity.While stressing the importance of the

community policing, the IGP directedthe DPOs to associate the members ofPublic Liaison Councils for the collec-tion and verification of the tenants intheir respective jurisdictions.They are also to be involved during

the search and strike operations. Thecollected data of tenants will properlybe analyzed to figure out the suspectedtenants and for the effective monitoringof their activities.The IGP stressed on carrying out

joint search and strike operations topurge the settled areas of any militantsleeper cells and their facilitators-cum-sympathizers.During the meeting the IGP stressed

on surveillance of person on Schedule-IV list through monthly attendance inthe Police Stations, maintenance of

their history sheets / personal files,monitoring of their activities, ascertain-ing their means of subsistence etc.The working of CIA police pickets

established at the jails throughout theprovince was also reviewed during themeeting. These pickets have been es-tablished for surveillance of accused/convicts involved in the commission ofoffenses against property (Dacoity,Robbery, Burglary, MV Theft / Snatch-ing), extortion, kidnapping for ransomand ATA cases.The CIA pickets are equipped with

digital cameras, finger print recordingand identification devices and comput-ers. The snaps and fingers prints of allthe accused released are recorded in thesystems and the respective police sta-tions are informed to monitor their ac-tivities. The IGP directed the DPOs topersonally monitor the system.They were further directed to visit all

educational institution, hospitals and

other sensitive and important installa-tions in their respective juris-diction and personally reviewthe adopted security measuresand ensure that fool proof se-curity is placed there.They were also directed to

identify sensitive and vulner-able please in their respectivejurisdiction and take effectivesteps for its security and bringit in written form for therecord. The participants werealso directed to review the se-curity arrangements for for-eign projects by personallyvisiting there and put in placethe security steps in profes-sional manner in consultationwith special branch. TheDPOs were also directed tomake more effective the pub-lic service delivery projectslike PAS, PAL and DRCs in

their districts and review its performance on monthly basis.—APP

By Atif Ishaq

SAHIWAL: Dense smog onMonday continued to disruptroutine life across Sahiwal aspeople are facing immense diffi-culties in travelling and dailyroutine work.Smog, a chemical reaction that

causes air to be significantly pol-luted and hinders traffic visibil-ity, has impaired traffic.Talking to this scribe Assistant

Commissioner (AC) Ms SehrishSaad said that presence of thicksmog is also wreaking havocwith visibility, people are com-plaining of experiencing breath-ing difficulties and irritation ineyes.Ms Sehrish said drivers have

been instructed by traffic policeto reduce speed and switch on foglights to avoid any accidents. Smog is caused by a lack of

rain, excess pollution, smokefrom vehicles, factories and burntcrops, she said AC said that the provincial

government is undertaking a lotof preventive measures to tacklethis latest episode of smog. Shetold that Section 144 had been

enforced, farmers from burningleftover crops waste which is acontributor to smog. FIRs would be registered

against people who would notcomply, she said Special traffic arrangements

has been made to void trafficjams, which further fuel the smogsituation. She said that we have advised

people to reduce outdoor activi-ties until the smog lasts, and wearface masks for protection frombreathing problems, eye, noseand throat infections.

People should always covertheir noses and mouths and wearprotective glasses and helmets tofight the effects of smog. She said Punjab Government

has formed a committee to mon-itor the smog and tasked it to takeimmediate remedial measuresagainst it. The committee isholding a meeting on regularbasis to ensure coordinationamong traffic police, agriculturedepartment, local government de-partment and environmental pro-tection department to jointly fightsmog, she said

IGP directs DPOs to monitor IT-based initiatives

Smog disrupting routinelife across Sahiwal

Local community invited to identify tourist resorts in KP

PESHAWAR: Sports, Tourism, Archaeology, Culture, Museums and Youth Affairs Depart-ment has decided to launch a campaign 'Spot-to-Spot' to identify new tourist resorts to developthem on modern lines and to attract more tourists to Khyber Pakhtunkhwa (KPK).Chairing a meeting here on Monday, KPK Senior Minister Muhammad Atif Khan said that

members of the local community at a tourist spot would be invited to participate in this granddrive to pinpoint a beautiful place to be developed for tourism purposes.The meeting was attended by Sports, Tourism, Archaeology, Culture, Museums and Youth

Affairs Department Secretary Shahid Zaman, Manager Marketing Haseena Shaukat and otherofficials, said a press release.The senior minister said that concerted efforts would be made to introduce Khyber

Pakhtunkhwa as a tourism brand to the world.“People of the province should supplement the department’s endeavours to promote tourism

by participating in the campaign to send the pictures of waterfalls, natural beauty of lush greenvalleys, snow-capped mountains, deserts, rivers, landscapes, rich cultural heritage, springs, an-cient buildings, streams, serene spots and heritage,” the senior minister said,He added the experts of the department would then visit the place and take steps for the de-

velopment and rehabilitation of the tourist resort.—APP

Bandits’ gang busted in Bahawalpur

BAHAWALPUR: The police successfully arrested a notorious bandit gang involved in sev-eral robberies in the region while recovered cash and looted goods from the bandits.A spokesman for Bahawalpur police said here that District Police Officer, Bahawalpur

formed a task team headed by SP Investigation Muhammad Saleem Khan Niazi that follow-ing intelligence information conducted raid at a place and successfully arrested the gang in-volved in robberies and wanted in several cases. “The gang was wanted in several cases lodgedagainst It,” he said. He said that the task team included senior police officials-DSP Sadar RajaGhulam Abbas, SHO Sadar Police Station Aamir Hussain Ghauri and others, acting on a tip-off, raided a place and arrested three bandits. The police also recovered weapons, cash Rs90,000, laptop and mobile phone sets from the possession of the accused.—APP

Pediatricians for vaccination to fight pneumonia

ISLAMABAD: Pediatricians have stressed the need for vaccination to fightpneumonia, the most deadly disease among children under five years of age.In a statement to with regard to the World Pneumonia Day to be observed on No-

vember 12, they said 92,000 children under five years of age died of pneumoniaannually in Pakistan.According to the World Health Organization estimates, pneumonia accounts for

16 per cent of the total child deaths, making it the leading killer of children lessthan five years of age globally. Globally pneumonia accounts for more than 920,000deaths of under 5 children and Pakistan is among top five countries which accountfor 99 per cent of childhood pneumonia cases, Dr Arsalan, a seasoned pediatricianof a private hospital, said.He said Pneumonia is an infection that affects the lungs and it makes breathing

painful and limits oxygen intake. He said vaccines are considered second only to cleandrinking water in reducing infectious diseases. “It is very unfortunate that a prevent-able and treatable illness is claiming so many precious lives,” he said. Dr Maqbool ofPakistan Institute of Medical Sciences said, “We are very fortunate that Pneumococ-cal (pneumonia vaccine) was introduced in Pakistan’s EPI programmed in October,2012, and this achievement made Pakistan to become the first South Asian country toinclude PCV in its national immunization program,” he added. —APP

Turkish investors to visit KP in Dec, says Dr Amjad

PESHAWAR: Khyber Pakthunkhwa Minister for Minerals Development Dr AmjadMonday said that Turkey’s investors had shown interests to invest in mineral sector of theprovince.According to an official communique issued here, Turkish parliamentarian Burhan called

on KP Minister Dr Amjad in Islamabad and discussed bilateral relations and investment inmineral sector.He said that a Turkish delegation of investors had shown keen interest in mineral sector

and agreed to send an official delegation to Khyber Pakhtunkhwa on December 10. Duringtheir visit they would sign several Memorandum of Understandings (MoUs) for investmentin mineral sector.Dr Amjad briefed the Turkish parliamentarian about the prospect of investment in min-

eral and natural resources’ sector, adding that PTI government had taken special initiativesto facilitate investors and make the process easy.At the end of the meeting both the leaders agreed to strengthen bilateral relations and

contacts between the two governments.—APP

Quick ReadTrudeau says he

discussed steel tariffswith Trump in ParisPARIS: Canadian Prime Minister Justin

Trudeau said on Monday he had discussedUS steel and aluminum tariffs with PresidentDonald Trump over the weekend and that hehoped to reach a resolution on the matter bythe G20 summit in Argentina. “I absolutelybrought up the issue of steel and aluminumtariffs,” Trudeau told a news conference inParis on Monday. Trump and Trudeau spoketo one another on the sidelines of the ParisPeace Forum. The leaders’ summit takesplace on Nov 30 and Dec 1. —Reuters

Dubai index extendslosses as Emaar weighsDUBAI: The Dubai index eased more

than half a per cent on Monday, extendinglosses for another session, weighed byweakness of Emaar shares. The Abu Dhabiindex fell nearly one per cent. The DubaiFinancial Market General index closed0.53 per cent lower at 2,802.88. EmaarProperties closed 2.71 per cent lower atDh5.02. “Emaar Properties fell (on Sun-day) further down as its Saudi subsidiaryreported a steep decline in profits, reportinga loss as real estate and construction remainshaky in the region,” Essam Kassabieh,senior financial analyst with Menacorpsaid. In other stocks, Gulf Finance Houseclosed flat at Dh1.28. Salama Insuranceclosed nearly a per cent at Dh0.729. DPWorld closed more than 6 per cent lower at$17.53. Arabtec closed 0.44 per cent higherat Dh2.26. Dubai Islamic Bank closed flatat Dh5.32. The Abu Dhabi Securities Ex-change general index closed 0.96 per centlower at 4,954.23. “Abu Dhabi’s energystocks are due to report this week whichcould also support the index as despite thefall in oil prices, average oil prices year todate have been nothing but supportive ofenergy companies and their top lines,”Kassabieh said. Abu Dhabi Islamic Bankclosed 13 per cent higher at Dh4.15 afterthe bank increased the upper limit on for-eign ownership. “ADIB’s move to set a 25per cent foreign ownership cap can pushthe stock higher today and in the days tocome as this good performer could see in-stitutional flows,” Kassabieh said. Else-where in the Gulf, Saudi Arabia’s Tadawulindex was 0.71 per cent higher at 7,765.61.The Muscat MSM 30 index closed 0.56 percent lower at 4,479.62. The Qatar exchangeindex closed 0.24 per cent higher at 10,415.The Kuwait all share index closed 0.01 percent lower at 5,103.63. —Agencies

Retail sales in September rose 1.9pcSINGAPORE: Retail sales in September

rose 1.9 percent compared to the previousyear, with sales for petrol stations andwatches and jewellery growing the most.According to the Retail Sales Index releasedon Monday sales for petrol service stationsincreased by 11.4 per cent year-on-yearmainly due to higher petrol prices. The salesvolume increase was 2.1 per cent after re-moving the price effect, according to theSingapore Department of Statistics. Salesfor watches and jewellery grew by 7.4 percent partly due to higher demand forwatches, it added. Growth in sales was alsorecorded for other sectors, including med-ical goods and toiletries (3.3 per cent), andapparel and footwear.Meanwhile, computer and telecommuni-

cations equipment had the biggest slump insales, recording a 5.8 per cent drop comparedto September last year. Sales for opticalgoods and books dropped by 3.1 per cent.The total retail sales value for September wasabout S$3.6 billion, 4.9 per cent of whichwas made up of online sales. For food andbeverage services, sales grew by 1.3 per centwith total sales recorded at about S$704 mil-lion, higher than the S$695 million in theprevious year. Sales for fast food outlets in-creased by 5.9 per cent and restaurants by 4per cent compared to last year. However,sales for food caterers fell by 8.9 per cent inSeptember. The Retail Sales Index and Foodand Beverage Index measure the short-termperformance of the two industries based onsales records. —Agencies

Tuesday, November 13, 2018WORLD STOCKS/COMMODITIES |09TheBusiness

LONDON: Energy firms could save an an-nual $73 billion within five years in oil and gasexploration and production by making betteruse of existing computing technology, energyconsultancy Wood Mackenzie said.Exploration and production, known as the

upstream industry, requires energy firms to an-alyze huge amounts of seismic and geologicaldata and to monitor and maintain offshore plat-forms and other complex assets, often in high-risk environments. In a report on howtechnology can be used for these tasks and po-tential savings, Wood Mackenzie (Woodmac)said many firms could spend less by buyingtechnology and know-how from outside of the

industry. “Start-ups that merge Silicon Valleyroots and domain knowledge ... may bringbenefits to companies much more quickly thanin-house approaches,” it said.The consultancy saw big savings from using

technology that would make drilling faster,more accurate and less likely to end up with adry well, and by using applications to predictwhen maintenance would be needed. Wood-mac estimated the industry could save up to$12 billion a year on drilling, mostly in on-shore and shallow waters.It said big savings were also available from

the use of cloud computing services, particu-larly for smaller firms that did not have

enough in-house computing power. The USshale industry, which uses a cocktail of high-pressure water and chemicals to coax crudefrom rock deep underground, known as hy-draulic fracturing or fracking, could also offerinsights to conventional drillers, the reportsaid. In offshore drilling, where rig rates tendto drive costs, the industry overall might beable to use rigs for 2,000 fewer days throughmore digitalisation and automation, Woodmacsaid. It said average annual exploration spend-ing of $50 billion could be cut to about $35billion, while still boosting the discovery suc-cess rate to 45 percent from about 35 percentnow. In addition, it estimated the industry

could save as much as $24 billion a year onoperating oil producing assets through betteruse of technology. Citing examples of firmsthat have effectively employed new technol-ogy, it said Norway’s Equinor estimated moreautomation would drill wells 15 to 20 percentfaster by 2020.Norwegian firm Aker BP had bought soft-

ware engineer Cognite to digitize its assets,and was now selling software to rivals andsharing data, it said. The report also said Akerhad shifted from rigid maintenance schedulesto a more flexible system, while BP was usingrobots and drones to inspect a platform in theGulf of Mexico. —Reuters

Alibaba netsrecord $30b inSingles’ Day haulSHANGHAI: Chinese e-

commerce giant AlibabaGroup Holding Ltd cashed arecord 213.5 billion yuan($30.7 billion) in sales on Sun-day during its 24-hour onlineretail frenzy Singles' Day, butthe event's annual growthdropped to its slowest rate.Shoppers in China and

across the world snapped uphot items including iPhones,furniture and milk powderstarting pre-dawn, with Al-ibaba recording roughlyUS$10 billion in sales in thefirst hour after midnight.Singles’ Day, also called

"Double 11", is the world'sbiggest online sales event, out-stripping the sales of U.S.shopping holidays Black Fri-day and Cyber Monday com-bined. The Chinese event wasoriginally a novelty studentholiday to celebrate being sin-gle, countering ValentinesDay, but has since grown intoa month-long online shoppingfestival that peaks with a 24-hour sale.This year, the company sur-

passed last year's full-day salesrecord of 168 billion yuan injust under sixteen hours. De-spite the record haul, the an-nual sales growth rate fellfrom 39 percent to 27 percent,at the low end of analyst esti-mates, and the slowest rate inthe event's 10-year history. Itcomes as the company is grap-pling with a weaker sales out-look amid rising trade tensionsbetween China and the UnitedStates that have taken a biteout of China's economy.Earlier this month it revised

down its full-year sales out-look by 4-6 percent, sendingfurther chills through the com-pany's stock price, which hasdropped roughly 16 percentthis year after almost doublingin 2017. To compensate, thecompany will take in lesscommission from its platformsin the near term to retainbrands and attract new buyers,it said. Online sales growth isalso slowing across the boardin the country's eastern mega-cities, including Shanghai andBeijing, and Alibaba saidroughly 75 percent of newusers last quarter were in "lessdeveloped" areas.While small appliances and

cosmetics were strong on Sun-day, sales in big-ticket itemsincluding large appliancesslowed alongside a downturnin the housing market, Alibabavice chairman Joe Tsai toldpress. "If people aren't buyingnew homes, they aren't buyingappliances," he said. Despitethe milder growth, executiveswere upbeat at a press event inShanghai, attended by roughly800 journalists who watched alive-streamed ticker of thesales. —Agencies

‘Digitalisation can save oil upstream business $73b a year’

LONDON: The race is on for liq-uefied natural gas (LNG) producers tobuild export terminals as demandsoars, but the criteria for financingsuch mega-projects have shifted astraditional relationships with LNGconsumers have begun to disintegrate.Royal Dutch Shell’s (RDSa.AS)

final investment decision (FID) takenlast month for a $30 billion LNGCanada project was a shot in the armfor the LNG industry, which is emerg-ing from almost three years of lowprices and investment.As a vote of confidence in the LNG

market, Shell’s decision is expected toget the ball rolling on a wave of ap-provals for dozens of similar projectsaround the world that have beenplanned for years but not yet finalized.But the FID represented a different

financing structure, unreliant on com-mitments from large buyers as previ-ous mega-projects had been, such asthe recently commissioned Ichthys fa-cility in Australia or the U.S. SabinePass plant.Instead, Shell will absorb the cost

into its budget and will effectivelyworry about the ultimate buyers later -as one of the largest corporate pur-chasers of LNG in the world, it can ab-sorb the new volumes into its global

portfolio. Demand for LNG is there -it is expected almost to double to 550million tonnes a year (mtpa) by 2030,leaving room for plenty more exportterminals despite an influx of freshsupply from new, mostly U.S., termi-nals.But projects have struggled to find

offtakers as the world’s biggest buyersin Japan and South Korea seek nim-bler terms while others such as Indiaand Pakistan are less creditworthy.“Projects that require buying com-

mitments are really struggling to findbuyers to sign up ... I don’t see a lotthat is happening,” said Vivek Chan-dra, chief executive of Texas LNG,which plans a medium-sized project ofthe same name.“I don’t know what the buyers are

waiting for because the golden oppor-tunity to sign up for deals was yester-day,” he told a conference this month,referring to historically low LNGprices in recent years before theybegan rising last winter.Aside from 50 mtpa of supply due

from U.S. projects under construction,17 new U.S. terminals like Texas LNGneed FIDs. Other plans dot the worldfrom Qatar’s expansion to plants inRussia and Mozambique as well asSoutheast Asia. Of all these projects,

only a handful in the United Stateswill ultimately be built and for others,the ability for the operator to absorbLNG into its portfolio will be key.“The projects that we might see noware the ones that don’t rely on offtakeagreements,” said Frank Konertz,LNG analyst at S&P Global.Irrespective of price, long-term off-

take commitments are risky today be-cause the global LNG market isundergoing fundamental changes as itgrows and increases liquidity.It needs to solve quandaries such as

the pricing mechanism for LNG, tra-ditionally linked to oil, and absorbnew technology that shifts the com-mercial calculations of trading the gas.“The whole market is in an in-be-

tween phase,” LNG analyst EmmaRichards at Fitch Solutions said.“LNG is becoming more akin to oilwith greater spot and liquidity tradingreferencing benchmarks, but it’s along process and it’s creatingheadaches.”Partly as a result of these uncertain-

ties, and because the market is gainingliquidity, the average duration of off-take deals has halved to less than eightyears from almost 20 years in 2010with volumes per contract falling to0.75 mtpa from 2.25 mtpa, according

to data from Shell’s 2018 LNG out-look. Crucially, about 50 percent ofsuch contracts have no credit rating atall compared to 100 percent in 2010being A- or B-rated, Shell’s outlookshowed. Shorter, smaller, less credit-worthy contracts make financingmulti-billion-dollar projects simplymore difficult.This makes projects by large port-

folio players such as Shell, Total(TOTF.PA) and Exxon, which haspromised FIDs in Mozambique andTexas next year, easier to finalize. Al-ibaba hits record sales on Singles' DayFor U.S. projects, the field is getting

tighter - Qatar Petroleum, the world’slargest exporter of LNG, said an FIDfor the Golden Pass project withExxon was due in the next fewmonths. Qatar’s own huge expansion,expected to get FID next year, wouldincrease capacity to 110 mtpa fromcurrent production rates of 77 mtpa.And some non-US projects have be-come attractive in light of China’s tar-iffs on U.S. LNG imposed in the midstof a trade war. Canadian projects inparticular - there are five planned -will come at a cost to the Gulf Coastplans. “For a lot of projects looking tosanction now, it’s a race against time,”Konertz said. —Reuters

In race to fill LNG supply gap,project goalposts have changed

HANOI: Vietnam on Monday be-came the seventh country to ratify asprawling Pacific trade pact set to comeinto effect later this year, despite USPresident Donald Trump's pullout froma deal he decried as a "job killer".Eleven countries revived a slimmed-

down version of the Trans-Pacific Part-nership (TPP) without Washington,though the new pact keeps the door openin case of a change of heart - or govern-ment - in the world's largest economy.Australia last month became the sixth

country to ratify the deal, paving theway for the pact to come into force at the

end of December with more than half ofits members officially signed on.Vietnam followed suit on Monday

with a unanimous vote to approve thedeal by lawmakers in the country's rub-ber stamp parliament."This is an important political deci-

sion, affirming our country's active rolein international integration," saidNguyen Van Giau, head of the NationalAssembly's external relations depart-ment. Vietnam's fast-growing exporteconomy stood to gain enormously fromopen access to US markets, a key outletfor cheap manufactured goods like Adi-

das shoes, Gap T-shirts and Samsungphones, before Trump pulled the plug onWashington's participation.The protectionist president called the

deal a "death blow for American manu-facturing" and singled out Vietnam fortaking jobs he would rather see on hishome turf. The trade pact was spear-headed by former US president BarackObama who dubbed the comprehensivedeal a "gold standard" for 21st centurytrade rules - and a crucial counter toChina's rising global economic might.The deal will bind members into atougher legal framework for trade, lowertariffs and open markets. It will also in-troduce new labour standards - a stick-ing point for communist Vietnam, whereall labour unions are controlled by theone-party state.The establishment of independent

labour unions "may bring about somechallenges" Giau said Monday, butadded the government was open to mak-ing the necessary reforms.Even without the US in the mix, the

now-renamed Comprehensive and Pro-gressive Agreement for Trans-PacificPartnership (CPTPP) has been describedas a game changer. —AFP

NEW YORK/HOUSTON: Bakkencrude prices are set to weaken from al-ready low levels in coming months, withthe frigid winter in North Dakota likelyto disrupt rail loadings and worsen bot-tlenecks as production soars, traders andexecutives said.US oil producers ramped up produc-

tion in the nation’s third-largest oilpatch,boosting crude output to a record 1.3 mil-lion barrels per day (bpd) in October,overwhelming pipelines and rail cars.The region’s pipeline capacity is just1.25 million bpd, per market intelligencefirm Genscape, forcing producers inNorth Dakota to rely on less efficient rail,which could face difficulties operating inthe winter. In addition, nearby Canadianproducers also grappling with bottle-necks are pushing more oil into theUnited States, worsening the constraints.Bakken crude traded at a record $20-

per-barrel discount to U.S. crude futuresWTC-BAK last week, and last traded ata $13.50-per-barrel discount on Friday.Refinery maintenance exacerbated thediscounts but as work wraps up, pricescould find some support, company exec-utives said. Discounts on Bakken oil arenothing new, due to capacity constraintsthat forced refiners to rely on rail. The

startup of Energy Transfer’s Dakota Ac-cess pipeline in 2017 changed that, butrecord production is straining capacityagain.“That basin is flush with barrels and

there’s no way out,” Rick Hessling, sen-ior vice president at U.S. refinerMarathon Petroleum Corp, said in anearnings call last week, adding that win-ter will make rail loadings more difficult.“We kind of see that as a perfect storm.”Dakota Access pipeline was full in

October, according to Genscape’s latestdata, while one of the other major lineshad an 85 percent utilization rate. NorthDakota’s crude production typically is

not affected enough to lift prices thewinter, but rail operations face severechallenges in the frigid weather, saidJohn Zanner, crude analyst at RBN En-ergy. “Winter weather makes crude-by-rail operations much more difficult. Youhave stuff freeze up, especially in NorthDakota,” Zanner said. Energy TransferLP (ET.N) plans to expand the DakotaAccess pipeline system to as much as570,000 bpd from about 525,000 bpdcurrently. New pipeline and refiningprojects have been announced, but take-away capacity will remain tight in thenear-term as they get completed, ana-lysts said. —Reuters

Vietnam ratifies Trans-PacificPartnership trade pact

North Dakota oil prices set to weakenfurther amid pipe, rail constraints

UAE gold rates spike;rally to continue?

DUBAI: Gold jewellery prices in the UAE went up onWednesday and are forecast to rally further, as the bullion hasrecently gained support on the back of a softer greenback andinvestors digest results of the US elections. The price of 24-karat gold jumped to Dh149 per gram, up by Dh1.50 per gramfrom the beginning of the month. This could spell bad newsfor UAE consumers who are making last-minute purchasesfor Diwali. Other analysts also suggest that 24K could go upfurther and breach the Dh150 mark, hitting Dh151.70 pergram next week. With the latest round of increase, today’sjewellery buyers in the UAE will now be spending Dh18 moreon a 12-gram necklace. And should gold gain more shine nextweek, jewellery fans will be spending nearly Dh50 more on a12-gram piece. Retail rates for 22K, 21K and 18K also gotcostlier by the same margin, according to the prices providedby the Dubai Gold and Jewellery Group, an association ofgold retailers in the emirate. Spot gold went up by 0.3 per centto $1,230.26 an ounce as of 11:52am. Americans cast their votes on Wednesday in the mid-term

congressional elections that could have an impact on Repub-lican President Donald Trump’s presidency. “The spectre of aDemocrat-controlled House suggests that we will see a littlebit of risk-off in the market, which should probably benefitgold in parts,” Reuters quoted ANZ analyst Daniel Hynes assaying. The bullion’s rise has also been due to high demand forgold during the festival of lights, which is considered an aus-picious time to buy yellow jewellery. “Diwali has certainly helped in boosting prices since the In-

dian festival is a major occasion for buying gold in India,”Vijay Valecha of Century Financial told Gulf News. “Whatcould support it further is the fall in the value of the US dol-lar against major currencies on account of the US mid-termelections. The House of representatives was captured byTrump’s opponents, the Democrats, after a gap of eight yearsand from now onwards, it will be very tough for Trump topush his economic agenda,” Valecha added. Valecha said thepoll results may not work in favour of the US dollar, as thepolicies in the Trump administration “tend to be inflationary.” SINGAPORE: A view of LNG tanker.


SPORTS | 10TheBusiness

Q u i c k R e a dQ u i c k R e a d

LONDON: ManchesterCity stormed back to the topof the Premier League witha 3-1 derby win at home toManchester United as Liv-erpool maintained their titlechallenge to the championswith a 2-0 victory over Fulham.Chelsea, like the top two,

remain unbeaten under Mau-rizio Sarri but lost ground ina goalless draw at home toEverton. Arsenal also missedthe chance to leapfrog NorthLondon rivals Spurs intofourth and needed HenrikhMkhitaryan´s late equaliserto salvage a 1-1 draw withWolves at the Emirates. Cityremain two points clear ofLiverpool, but open four-point gap on Chelsea. Afourth league defeat of theseason leaves United lan-guishing in eighth, 12 pointsoff the top. Goals early ineach half from David Silvaand Sergio Aguero left Cityin a commanding positionbefore an Anthony Martialpenalty gave United hope ofa comeback.But Ilkay Gundogan put

the result beyond doubt fourminutes from time with athird goal that crowned asublime 44-pass move. "Ithink Man City right nowand Liverpool, Chelsea, andeven Arsenal and Tottenham,I think they have numbers tobe champion, not just City.We´re just two points infront," said City boss PepGuardiola."What is important is that

we are consistent, that weplay most of the time good,and always I see many thingsthat we can improve." Unitedmanager Jose Mourinho ac-cepted his side are now justfighting to try and make thetop four having finished sec-ond to City last season."Since the beginning of

the season, we knew that oursecond position last seasonwas a fantastic achievementfor us, and this season we aregoing to fight for the topfour," said Mourinho. "To

speak about the title youneed to be in the top posi-tions. So let’s fight to closethe gap and jump into the topfour, if one day we jump intothe top four, we´ll see whatthe difference is."Mohamed Salah scored to

keep Liverpool on Manches-ter City's coat tails with a 2-0 win over Fulham Unitedscored twice in the closingfive minutes to secure a hard-fought 2-1 win away to Ju-ventus in the ChampionsLeague on Wednesday, whileCity thrashed ShakhtarDonetsk 6-0 at the Etihad.And Mourinho used his

side´s tougher preparation toexcuse the gulf in class."Everybody has to agree, it isone thing to go to Juventusand play against one of thebest teams in the world for90 minutes, another thing tobeat Shakhtar Donetsk athome 6-0 and be very re-laxed," said Mourinho. "Wearrive in different circum-stances."Earlier, Liverpool briefly

went top by inflicting Ful-ham´s seventh straight defeatat Anfield. But they needed ahuge slice of luck in 14 sec-onds that completelychanged the game shortly be-fore the break. AleksandarMitrovic headed home forthe visitors only to bewrongly ruled offside.The hosts quickly broke

upfield as Alisson and TrentAlexander-Arnold freed Mo-hamed Salah to score hiseighth goal of the season."The most important thing

is reacting in a situation likethat and that was brilliant.Allison, Trent, Mo and done,it was a fantastic situation,"said Liverpool manager Jur-gen Klopp, whose side putthe result beyond doubtwhen Xherdan Shaqiri madeit 2-0 in the 53rd minute.Chelsea dominated posses-sion at Stamford Bridge, butcould not find a way past theinspired Jordan Pickford inthe Everton goal to leaveSarri frustrated. —AFP

Pakistan leads second-rankedIndia by 11 points in ICC T20

Soccer: Man City dominate Man

Utd, Liverpool win

Barca stunned by Betis to suffer first league home defeat BARCELONA: Barcelona lost at home in La Liga for

the first time in more than two years as Real Betis pulled offa stunning 4-3 victory at the Camp Nou despite LionelMessi scoring twice on his return from injury. Barca lastendured defeat on their own patch against Alaves in Sep-tember 2016 but, following 42 games unbeaten, their runwas halted by a brilliant, counter-attacking display fromBetis. Three hours later, Real Madrid were putting the fin-ishing touches to a 4-2 win away at Celta Vigo, a result ex-pected to earn Santiago Solari an extension to his tenure ascoach. Real have now posted four consecutive victoriessince Solari was put in temporary charge while the gap be-hind Barca has been reduced to four points. Their rivals'shock defeat came despite a return for Messi, whose twogoals, one from the penalty spot and another deep into in-jury-time, proved little more than consolations. "We don'tleave with the feeling Betis were the better team," coachErnesto Valverde said. "I don't want to take any credit awayfrom our opponent but we could have countered them bet-ter." It was the first time ever that Messi scored twice andBarcelona lost but they stay top of the table, even if threeclubs now lurk just one point behind. —AFP

Tennis: Federer crashes toNishikori in ATP Finals openerLONDON: Roger Federer suffered a shock straight-sets

defeat to Kei Nishikori at the ATP Finals severely dentinghis bid for the 100th title of his illustrious career. The Swiss,who has won the season-ending event a record six times,produced an uncharacteristically error-prone and fractiousdisplay as the Japanese seventh seed prevailed 7-6 (7/4), 6-3. The result means Federer is now in danger of failing toqualify for the semi-finals for just the second time in 16 ap-pearances at the event. "I felt we both struggled, you know,throughout the first set," he said. "You could tell it was sortof a first round. I had my chances maybe a bit more than hedid. "Then I started to feel better in the second set. I think weboth did. The level went up. Unfortunately I couldn't keepthe lead that I got early. That was important, I think, at theend. That was the key of the match." Federer, 37, has beatenNishikori in Paris and Shanghai in recent weeks but despitehaving the backing of a full house at the O2 Arena, he neverreally settled into a groove. The normally cool Swiss waswarned by the umpire for ball abuse in the 12th game afterNishikori produced a staggering backhand winner down theline. The Swiss great made 20 unforced errors in the first setand Nishikori capitalised, forcing a tie-break in which heraced to a 6/1 lead before sealing it 7/4. —AFP

Star Bangladesh cricketerMashrafe to stand in electionDHAKA: Bangladesh’s one-day international captain

Mashrafe Mortaza will stand in next month’s election, theruling party announced Monday, after Prime Minister SheikhHasina endorsed the superstar´s foray into politics. A photo-graph of 35-year-old Mashrafe, who enjoys rockstar statusin cricket-mad Bangladesh, alongside Hasina ran on the frontpages of many newspapers in the South Asian nation of 160million. A spokesman for Hasina’s Awami League saidMashrafe had been given the "green light" from the primeminister, who is seeking a third consecutive term in office onDecember 30. "He plans to contest from Narail," saidspokesman Mahbubul Alam Hanif, referring to Mashrafe´shometown district in western Bangladesh. Mashrafe has notcommented publicly on his running for the Awami League.Cricketing authorities said there was no prohibition on ac-tive players trying their hand at politics. —AFP

Discussions resume to separate PSL from PCB

LAHORE: The Pakistan Cricket Board (PCB) has initi-ated legal consultation to de-link the Pakistan Super Leaguefrom itself by making it a separate entity, sources familiarwith the matter said. The board had approved an overhaulof the PSL back in November 2016, when then-PSL chair-man Najam Sethi had prepared a draft proposing that thePSL be made a separate entity run by its own governingboard. It was to be registered as a private limited companyand run independently of the PCB. Then-PCB chairmanShahryar Khan had expressed concerns about the separa-tion of the PSL from the PCB, but he was part of the gov-erning board that unanimously approved the proposal. Butthe idea never really took off, suffering delays time andagain. The PCB, however, has started the discussions onceagain to separate the PSL from itself, and has instructed itslegal department to draft a proposition detailing the process.The fourth edition of PSL will commence from February14th, 2019 in the UAE. The league will move to Pakistanfor the last eight matches, with the final set to be held inKarachi on March 17th. —APP

National Cycling men/womenChampionship next month

LAHORE: Country’s premier cycling activity, the 64thNational Men’s/Women Track Cycling Championship willbe held here from December 15-18 at the cycling velodrome. —APP

Netball course from Dec 14ISLAMABAD: Pakistan Netball Federation (PNF) will

hold a three-day National Netball Coaching and UmpiringCourse 2018 at PSB Coaching Center, Karachi from De-cember 14. —APP

The Business Report

LAHORE: A Pakistani cricketer based in Norway wonthe prestigious “Best Player of the Year 2018” award in thecountry. Syed Tajamal Hussain Shah received this honourdue to his extraordinary performance in cricket league Nor-way held from May to September this year. A graceful cer-

emony was held last week in Ski town near Oslo, the cap-ital city. The award was presented to the Norwegian Pak-istani player by Secretary General of Norwegian CricketFederation Ms Gry Bruaas. Tajamal Hussain Shah, who isvice-captain of his team Nation Cricket Club Norway toldGeo News that he is thankful to Almighty Allah for this ho-nour, which is also due to the blessings of his parents andcooperation of other members of his team.According to Norwegian Cricket Federation, Tajamal

took five wickets in one over including a hatrick in a T-20match during Norway’s cricket league. In this match, hebowled four overs for 21 runs and took seven wickets.Secondly, in a 45 over match of the tournament, he

bowled 54 deliveries with 47 dot balls. 34-year-old Taja-mal Shah, who is playing cricket in Norway for last 16years, has received several prestigious awards due to thisunusual performance in the cricket. These awards included best bowler of 2016 by Norwe-

gian Cricket Federation and best bowler award of 2017 byhis own cricket club in Norway. In a message he said, Nor-wegian Pakistani youth should join sports in order to maketheir life healthy and vigorous.

Pakistani cricketer in Norway receivesBest Player of the Year Award

GUYANA: Bismah Mahroof scoops the ball during Women’s World T20 Group B match.

GILGIT: Players struggle to get hold on the ball during polo match at Shahi Polo Ground.

MILAN: Cristiano Ronaldo scoredas Juventus bounced back from theirmidweek Champions League defeat byManchester United with a 2-0 win over10-man AC Milan in Serie A as Gon-zalo Higuain missed a penalty beforebeing sent off for the hosts.Mario Mandzukic headed in the

opener in the eighth minute at the SanSiro with Ronaldo adding a second on81 minutes as Juventus maintainedtheir six-point cushion ahead of the in-ternational break. It got the defendingseven-time Serie A champions back ontrack after suffering their first defeat ofthe season by United following twolate goals despite Ronaldo's stunningvolley."Winning tonight was the only way

to put aside what happened in the finalfive minutes of the Champions Leaguegame," said Juve coach MassimilianoAllegri. "It was important to win with-out conceding a goal and to regain thesix-point advantage over Napoli who

are having an excellent championship."A third loss of the campaign, however,saw AC Milan drop out of the Champi-ons League places behind Lazio who

moved back into fourth despite a 1-1draw at Sassuolo. Inter Milan's seven-match winning streak ended with a 4-1defeat at Atalanta, with Luciano Spal-letti's side losing second place toNapoli who came from behind to beat

Genoa 2-1 on Saturday. Juventus have34 points from 12 games - six ahead ofCarlo Ancelotti's Napoli with Inter afurther three behind."I'm very happy, especially for the

team, because playing away to Milan isalways very difficult," said Ronaldo."It was important to win, because

Napoli beat Genoa last night and wehad to keep our distance."Allegri's side rarely looked threat-

ened by AC Milan with Mandzukic ris-ing highest to nod in an Alex Sandrocross to dampen spirits among the75,000-capacity crowd at the San Siro.The Croatian World Cup runner-up

could have made it two shortly after,meeting a cross this time from Ronaldobut Milan skipper Alessio Romagnoliblocked. Higuain returned from a backproblem to face his parent club but itwas to be a nightmare outing for theforward who had been loaned out toMilan last summer to make space forRonaldo. —AFP

Football: Ronaldo keeps Juventusflying high with win over AC Milan

LAHORE: Top ranked Pakistanleads second-ranked India by 11points in ICC Men's T20I Team Rank-ings released on Monday by the Inter-national Cricket Council.Pakistan and India's identical 3-0

series wins mean they have gainedpoints in the ICC Men's T20I TeamRankings, while New Zealand and theWindies have moved in opposite di-rections.Number-one ranked Pakistan have

collected two points and number-tworanked India have pocketed threepoints, moving to 138 and 127 pointsrespectively, while fifth-ranked NewZealand and seventh-ranked West In-dies have ended up on 112 and 102points respectively after dropping fourpoints apiece.Kuldeep Yadav of India and Pak-

istan's Mohammad Hafeez have beenrewarded with big jumps in the latestMRF Tyres ICC Men's T20I PlayerRankings after they played key rolesin their sides' convincing victoriesover their respective rivals in the re-cently-concluded T20I series.Yadav picked up five wickets in two

matches at an economy-rate of 5.6 in

his side's 3-0 win over the Windies.This has helped him vault 14 places toa career-high 23rd position in thebowling table. Hafeez was in sparkingform with the bat against NewZealand and his series aggregate of132 runs at a strike-rate of 145 haslifted him 16 places to 53rd spot in thebatting chart.Other batsmen to make notable im-

provements in the latest update in-clude Rohit Sharma in seventh (up bythree places), Kane Williamson in12th (up by three places), ShikharDhawan in 16th (up by five places)and Ross Taylor in 59th (up by fiveplaces). The batting table is headed byPakistan's Babar Azam, who hasgained 14 points following his seriestotal of 126 runs, which has opened upthe gap with Australia's second-rankedAaron Finch to 19 points.The bowlers who have made no-

table upward movements include Fa-heem Ashraf in seventh (up by nineplaces), Imad Wasim in eighth (up bytwo places), Bhuvneshwar Kumar in19th (up by nine places), Jasprit Bum-rah in 21st (up by five places), CarlosBrathwaite in 29th (up by four places),

Tim Southee in 36th (up by fiveplaces), Adam Milne in 40th (up byfive places) and Hafeez in 59th (up by20 places).Afghanistan's Rashid Khan remains

the number-one ranked bowler. Heleads Pakistan's Shadab Khan by 41points, with England's Adil Rashid inthird position. There is no change inthe top-four of the all-rounders' listwith Australia's Glenn Maxwell lead-ing the field. Mohammad Nabi is sec-ond, followed by Shakib Al Hasan andJP Duminy.Meanwhile, Australia will be in-

volved in all four remaining T20Islater this month. They will play SouthAfrica in a one-off match in Carraraon Nov 17, before taking on India in athree-match series on Nov 21, 23 and25. If Australia win all four matches,then they will rise to second positionon 126 points. However, if they loseall four matches, they will end up insixth position on 112 points.Similarly, South Africa will gain

three points if they win on Nov 17,while India will move to 129 points ifthey win all three matches againstAustralia. —APP

Lahore Tuesday, November 13, 2018 INTERNATIONAL | 11TheBusiness

CALIFORNIA: The death tollfrom wildfires raging in Califor-nia rose to 31 on Sunday (Nov11) after six more people werefound killed in what was poisedto become the deadliest wildfirein state history.

Officials said the bodies of fivepeople were found in burned-outhomes and the sixth was found in

a vehicle in northern California'sCamp Fire, Butte County SheriffKory Honea told reporters onSunday evening.

About 228 people are still un-accounted for, Honea said, whileanother 137 people have been lo-cated after friends or relatives re-ported being unable to contactthem.

The so-calledCamp Fire in thenorthern part of thestate has claimed atleast 29 lives sinceit broke out onThursday. Hun-dreds of miles tothe south, at leasttwo people havedied in the Woolseyc o n f l a g r a t i o nthreatening thewealthy beachcommunity of Mal-ibu, near Los Ange-les.

Looting was reported in thesouthern fire area and arrestswere made, police reported.

Hot dry winds expected toblow until Tuesday whipped upthe flames and heightened the ur-gency of evacuation orders, offi-cials said.

It has been more than 210 dayssince the area received half an

inch or more of rain, making iteasy for spot fires to spread tofresh patches of tinder-dry vege-tation, fire officials said on Sun-day.

"We are entering a new normal.The rate of spread is exponen-tially more than it used to be,"said Ventura County Fire ChiefMark Lorenzen, noting at a newsconference that California's firesin 2018 grow far more quicklythan they did even 10 years ago.

Several officials urged resi-dents to heed evacuation orders,noting they themselves had fol-lowed orders to leave their homesfor safety.

"Winds are already blowing.They are going to blow for thenext three days. Your house canbe rebuilt but you can't bring yourlife back," said Chief Daryl Osbyof the Los Angeles County FireDepartment.

Crews pushed forward toachieve 25 per cent containment

of the Camp Fire in northern Cal-ifornia, which had burned 44,000hectares at the edge of the PlumasNational Forest, according to CalFire's website. In Southern Cali-fornia, where the Woolsey Firescorched 83,275 acres, the blazewas only 10 per cent contained.

The Camp Fire burned downmore than 6,700 homes and busi-nesses in Paradise, more struc-tures than any other Californiawildfire on record.

Its death toll now equals that ofthe Griffith Park Fire in 1933, thedeadliest wildfire on record inCalifornia.

Several of the bodies discov-ered earlier this week were foundin or near burned out cars, policehave said. The flames descendedon Paradise so fast that manypeople were forced to abandontheir vehicles and run for theirlives down the only road throughthe mountain town.

Winds of up to 64kph were

forecast to blow in the north andgusts of up to 113kph, the so-called Santa Ana "devil wind,"were expected in Southern Cali-fornia. The Woolsey Fire doubledin size from Friday night intoSunday, threatening thousands ofhomes after triggering mandatoryevacuation orders for a quartermillion people in the upscaleMalibu beach colony as well asother communities in Los Ange-les and Ventura counties.

Many celebrities live in thearea. Despite earlier news reports,including by Reuters, that the firehad destroyed the home of Cait-lyn Jenner, the transgender advo-cate and former athlete, herpublicist said on Sunday that ithad survived.

The entire nearby city of Cal-abasas, home to more than 20,000people, was placed under amandatory evacuation order bycity officials on Sunday evening.

Governor Jerry Brown asked

U.S. President Donald Trump todeclare a major disaster to bolsterthe emergency response and helpresidents recover.

"We're putting everythingwe've got into the fight againstthese fires and this request en-sures communities on the frontlines get additional federal aid,"Brown's letter said.

Trump, on a trip to France, saidin a Twitter post early Sunday,"With proper Forest Manage-ment, we can stop the devastationconstantly going on in California.Get Smart!" The Republicanpresident has previously blamedCalifornia officials for fires andthreatened to withhold funding,saying the state should do more toremove rotten trees and other de-bris that fuel blazes. State offi-cials have blamed climate changeand said many of the burn areashave been in federally managedlands.—AFP

Ferocious winds whip California fires as death toll rises to 31

Indonesia toissue Lion Air crash report JAKARTA: Indonesia will

issue a preliminary report onNov. 28 or 29 on its investiga-tion into the crash of a Lion Airplane that killed 189 people onboard, Soerjanto Tjahjono,head of the transportation safetycommittee (KNKT), said onMonday.

“One month after the accident,KNKT will issue a preliminary re-port and we will publish it over theinternet,” he told a news confer-ence in Jakarta. KNKT was stilllooking for the cockpit voicerecorder from the Boeing 737MAX, he said. The agency has al-ready downloaded informationfrom the flight data recorder whichwas found a few days after the Oct.29 crash. Another report adds: A71-year-old former legal executivewas sentenced to 18 weeks' jail onFriday for bribing a Traffic Policeclerk for contact details of accidentvictims.—AFP

In the Court of NaveedAhmad Judge BankingCourt No.II District CourtGujranwala.

Suit No 192/2018HBLPindi Bhattian VS Muhammad HayatSummon U/S 9(5) Of the

Financial Institutions (Re-covery of Finance) Ordi-nance 2001.

Notice To: MuhammadHayat S/O Noor Muhammadalias Noora caste Jutt Hanjravillage Bagh Kohna P/OPindi Bhattian Distt Hafiz-abad.

Whereas: the aforesaidplaintiff has suit against youand other for recovery ofRs.1517007/30 Along-withmarkup/interest and cost etc.Claim to be payable by you.A summon u/s 9(5) of Ordi-nance No. XLVI of 2001 re-ferred above is hereby issuedrequiring you to make within30 days of the service of thissummon, an application forleave to defend the suit u/s10(1). Take notice that onyour failure to file such ap-plication within time speci-fied above, the BankingCourt shall pass a decree assprayed in the plaint, infavour of the plaintiff Bank-ing Company. Next date offurther proceedings, in thecase has been fixed on 07-12-2018

Given under my hand andseal of this court on -19-10-2018

JUDGEBANKING COURT-IIGUJRANWALA

COURT NOTICEIn the Court of Naveed

Ahmad Judge BankingCourt No.II District CourtGujranwala.

Suit No 206/2018MCB Railway Road

Hafizabad VS Liaqat AliSummon U/S 9(5) Of the


Notice To: Liaqat Ali s/oYaqoob Ali R/O Qila Chand-haran Fateh Ghar, P.O Ra-sool Pur Tarar Teh PinidBhattian Distt Hafizabadalso at village Rookeke, P.OJalal Pur Bhattian Teh PindiBhattian Distt Hafizabad.

Whereas: the aforesaidplaintiff has suit against youand other for recovery ofRs.544551/- Along-withmarkup/interest and cost etc.Claim to be payable by you.A summon u/s 9(5) of Ordi-nance No. XLVI of 2001 re-ferred above is hereby issuedrequiring you to make within30 days of the service of thissummon, an application forleave to defend the suit u/s10(1). Take notice that onyour failure to file such ap-plication within time speci-fied above, the BankingCourt shall pass a decree assprayed in the plaint, infavour of the plaintiff Bank-ing Company. Next date offurther proceedings, in thecase has been fixed on 07-12-2018

Given under my hand andseal of this court on 30-10-2018



Ahmad Judge Banking CourtNo.II District Court Gujran-wala.

Suit No 288/2018HBL Dilawar Cheema Br

Gujranwala VS M/S Cheema Zari Traders

etc.Summon U/S 9(5) Of the


Notice To: 1) Cheema ZariTraders Wazirabad RoadChowk Saroke, District Gu-jranwala 2) Riaz AhmadCheema S/O Ch. KhushiMuhammad Cheema R/oKaka Kola Teh WazirabadDistt Gujranwala.

Whereas: the aforesaidplaintiff has suit against youand other for recovery ofRs.637812/84 Along-withmarkup/interest and cost etc.Claim to be payable by you.A summon u/s 9(5) of Ordi-nance No. XLVI of 2001 re-ferred above is hereby issuedrequiring you to make within30 days of the service of thissummon, an application forleave to defend the suit u/s10(1). Take notice that onyour failure to file such ap-plication within time speci-fied above, the BankingCourt shall pass a decree assprayed in the plaint, in favourof the plaintiff BankingCompany. Next date of fur-ther proceedings, in the casehas been fixed on 08-12-2018




Ahmad Judge Banking CourtNo.II District Court Gujran-wala.

Suit No 261/2018MCB Jala Pur Bhattian VS Mian Aslam & Co.Summon U/S 9(5) Of the


Notice To: 1) M/S MianAslam and Co, HafizabadRoad, Jalal Pur Bhattian TehPindi Bhattian Distt Hafiz-abad 2) Mian Naseer AhmadS/O Mian Khyzir Hayat R/OVillage Meerakh Kalan P.OJalal Pur Bhattian Teh PindiBhattian, Distt Hafizabad.

Whereas: the aforesaidplaintiff has suit against youand other for recovery of Rs.435796/- Along-withmarkup/interest and cost etc.Claim to be payable by you.A summon u/s 9(5) of Ordi-nance No. XLVI of 2001 re-ferred above is hereby issuedrequiring you to make within30 days of the service of thissummon, an application forleave to defend the suit u/s10(1). Take notice that onyour failure to file such ap-plication within time speci-fied above, the BankingCourt shall pass a decree assprayed in the plaint, in favourof the plaintiff BankingCompany. Next date of fur-ther proceedings, in the casehas been fixed on 07-12-2018




Ahmad Judge BankingCourt No.II District CourtGujranwala.

Suit No 214/2018ZTBL Gujranwala VS Ghulam Qadir.Summon U/S 9(5) Of the


Notice To: Ghulam QadirS/O Roshan Din R/O Bam-bowal Teh & Distt Gujran-wala.

Whereas: the aforesaidplaintiff has suit against youand other for recovery of Rs.731551/- Along-withmarkup/interest and cost etc.Claim to be payable by you.A summon u/s 9(5) of Ordi-nance No. XLVI of 2001 re-ferred above is herebyissued requiring you tomake within 30 days of theservice of this summon, anapplication for leave to de-fend the suit u/s 10(1). Takenotice that on your failure tofile such application withintime specified above, theBanking Court shall pass adecree ass prayed in theplaint, in favour of the plain-tiff Banking Company. Nextdate of further proceedings,in the case has been fixed on01-12-2018



COURT NOTICE

In the Court of NaveedAhmad Judge BankingCourt No.II District CourtGujranwala.

Suit No 276/2018ZTBL Malekwal VS Mst Sajida Parveen.Summon U/S 9(5) Of the


Notice To: Mst SajidaParveen D/O FatehMuhammad R/O PindiMakko,Teh Malakwal DisttMandi Baho-ud-Din.

Whereas: the aforesaidplaintiff has suit againstyou and other for recoveryof Rs. 851347/- Along-withmarkup/interest and costetc. Claim to be payable byyou. A summon u/s 9(5) ofOrdinance No. XLVI of2001 referred above ishereby issued requiring youto make within 30 days ofthe service of this summon,an application for leave todefend the suit u/s 10(1).Take notice that on yourfailure to file such applica-tion within time specifiedabove, the Banking Courtshall pass a decree assprayed in the plaint, infavour of the plaintiffBanking Company. Nextdate of further proceedings,in the case has been fixedon 05-12-2018

Given under my handand seal of this court on 05-11-2018


COURT NOTICE

In the court of Judge,Banking court No-II oldState Bank Building Opp.G.P.O Shahrah-e-Quid-e-Azam Lahore

SUIT NO. 241/2018.GUL RAIZ VERSUS J.SBANK LIMITED

Summons U/S 9(5) of theFinancial Institution (Re-covery of Finance) Ordi-nance 2001. (Ordinance No:SL VI of 2001)

Summons to: J.S BankLimited Branch Office Col-lection Department MustafaCenter Main Market Gul-berg Lahore through Man-ager

Whereas the aforesaidplaintiff has instituted a suitagainst you and others forthe recovery of Rs. U/S-9along with mark up/ interestand cost etc, claimed to bepayable by you. Summonu/s 10 of Ordinance no SLVI of 2001 referred to aboveis hereby issued requiringyou to make within 30 daysof the service of this sum-mon an application for leaveto defend the suit u/s 10ibid. Take notice that onyour failure to file such ap-plication within time speci-fied above, the BankingCourt shall pass a decree asprayed for in the plaint, infavour of the plaintiff Bank-ing Company. Next date forfurther proceeding in thecase has been fixed on 14-11-18. Given order my handand seal of the Court this07-11-2018.

COURT NOTICE

In The Court Of Farahdeeba Ghuman sahiba civilJudge Kharian

Suit for MaintanceSerat Fayima Etc Vs

Muhmmad Ahsan S/o Man-zor iqbal Resident NearImam bargha Qaiser AbasStreet Shafqat Abad Mandibahauddin You defendantis directed to apear in thecourt in person or throughcounsel on24-11-2018m.failing which.ex-parte proceedings shall beinitiated against you

COURT NOTICE

In The Court Of Arif Mu-jahid Sahib Additional ses-sion Judge Sarai Alamgir

suit For Declaration Raza CNG Vs Vs Man-

aging Dircetor Sui GasNadar Paipe limited Sawancump G.T roed Rahwali Of-ficer Incharg SNGPL OfficeG.T Roed Jehlam You de-fendant is directed to apearin the court in person orthrough counsel on22-11-2018m.failing which.ex-parte proceedings shall beinitiated against you

COURT NOTICE

In The Court Of MudsarIqbal Sahib Civil judgeSarai Alamgir

Suit for Devoce Norian Akhter vs Abad

hussain S/o MuhmmadKalaq resident Mahe KhurdTehSil Sarai Alamgir Dis-trict gujrat You defendantis directed to apear in thecourt in person or throughcounsel on20-11-2018m.failing which.ex-parte proceedings shall beinitiated against you

COURT NOTICE

In the Court of Judge,Banking Court No-II OldState Bank Building Opp.G.P.O Shahrah-e-Quid-e-Azam Lahore

Suit no. 243/2018. JamalKhalid Saleemi versusFaysal Bank Limited

Summons U/S 9(5) ofthe Financial Institution(Recovery of Finance) Or-dinance 2001. (OrdinanceNo: SL VI of 2001)

Summons to: FaysalBank Limited 1st FloorSikandar Mohli Road nearForces Academy CanalBank 1-C Gulberg II La-hore

Whereas the aforesaidplaintiff has instituted asuit against you and othersfor the suit for declaration& mandatory injunctionalong with mark up/ inter-est and cost etc, claimed tobe payable by you. Sum-mon u/s 10 of Ordinance noSL VI of 2001 referred toabove is hereby issued re-quiring you to make within30 days of the service ofthis summon an applicationfor leave to defend the suitu/s 10 ibid. Take notice thaton your failure to file suchapplication within timespecified above, the Bank-ing Court shall pass a de-cree as prayed for in theplaint, in favour of theplaintiff Banking Com-pany. Next date for furtherproceeding in the case hasbeen fixed on 08-12-18.Given order my hand andseal of the Court this 09-11-2018.

COURT NOTICE

I have passed the SSC An-nual Examination 2017under Roll No. 813908 fromBISE, BWP. My FatherName is Bilal Ahmedwhereas on Certificates myfather name Mentioned asMohammad Bilal which isincorrect . I want to get cor-rect my Father Name fromMohammad Bilal To BilalAhmed , If any person ,orga-nization, Agency has anyobection then the same maybe In timated in writing tothe Secretary, BISE , BWPwithin 15 days,

Proclamation, MohammadJaved S/O Bilal Ahmed,Chak No. 240-HB ,P/Osame Tehsil Fort Abbas Distt.BWN.


I Arslan Khan S/O Man-zoor Hussain have passedSecondary School Examina-tion,2014 under Roll no206584 from Board of Inter-mediate and Secondary Edu-cation Sahiwal. My father’sname is Manzoor Hussain .Whereas on my certificatemy father’s name has beenmentioned as Manzoor Khan.Which is incorrect, I want toget change my father’s namefrom Manzoor Khan to Man-zoor Hussain. If any per-son/agency/organization hasany objection, same may inti-mated in writing to SecurityBoard of Intermediate andSecondary Education Sahi-wal within 15 days. Candi-date’s name Arslan KhanS/O Manzoor Hussain.


I Noshairwan Hashimhave passed the SecondarySchool Annual/Supply Ex-amination 2016 under RollNo 179762 and IntermediateAnnual/Supply Examination2018 under Roll No 653374from B.I.S.E Lahore. My Fa-ther's name is Hashim Hus-sainwheras on my certificatemy father’s name has beenmentioned as Hashim Aliwhich is incorrect.

I want to get changed myfather's name from HashimAli to Hashim Hussain. Ifany person/organization/agency have any objectionthen the same may be inti-mated in writing to the Secre-tary, Board of Intermediateand Secondary Education,86- Mozang Road Lahorewithin 15 days.


In the Court of JudgeBanking Court No.I, Gujranwala Old P.W.DRest House Opp.

Commissioner Office, Gujranwala.

Suit No 178-1/2018Faisal Bank Limited Gul-

berg Lahore. VS M/S Kohinoor Rice Mills

etc.Summon U/S 9(5) Of the

Financial Institutions (Re-covery of Finance) Ordi-nance 2001. (Ordinance No.XLVI of 2001).

Notice To: (1) M/S Kohi-noor Rice Mills, CircularRoad, Daska, through itsManaging Partner Muham-mad Sajid (2) MuhammadSajid Dar S/o Kh. Muham-mad Hanif (3) Mst. ZebaSajid W/o Muhammad SajidDar (4) Junaid Dar S/oMuhammad Sajid Dar Cas-tle Kashmiri, all residentsKashmir House, DefenceRoad, Sailkot.

Whereas: the aforesaidplaintiff has suit against youand other for recovery ofRs.18,376,987/54 along-with markup/interest andcost etc. Claim to be payableby you. A summon u/s 9(5)of Ordinance No. XLVI of2001 referred above ishereby issued requiring youto make within 30 days ofthe service of this summon,an application for leave todefend the suit u/s 10(1).Take notice that on your fail-ure to file such applicationwithin time specified above,the Banking Court shall passa decree ass prayed in theplaint, in favour of the plain-tiff Banking Company. Nextdate of further proceedings,in the case has been fixed on03-12-2018



COURT NOTICEIn the Court of JudgeBanking Court No.I, Gujranwala Old P.W.DRest House Opp.


Suit No 171-1/2018United Bnak Limited

COC Branch, Gujranwala. VS Choudhary Khatib-ur-

Rehim.Summon U/S 9(5) Of the


Notice To: ChoudharyKhatib-ur-Rehim S/o ofAbdul Rahim, R/o Sreet no.5, Chah Talianwala, NosheraRoad, Tehsil and DistrictGujranwala.

Whereas: the aforesaidplaintiff has suit against youand other for recovery ofRs.1,74,807/87 Along-withmarkup/interest and cost etc.Claim to be payable by you.A summon u/s 9(5) of Ordi-nance No. XLVI of 2001 re-ferred above is hereby issuedrequiring you to make within30 days of the service of thissummon, an application forleave to defend the suit u/s10(1). Take notice that onyour failure to file such ap-plication within time speci-fied above, the BankingCourt shall pass a decree assprayed in the plaint, infavour of the plaintiff Bank-ing Company. Next date offurther proceedings, in thecase has been fixed on 26-11-2018





Suit No 206-1/2015Faisal Bank Limited

Branch G.T Road, Gujran-wala.

VS M/S Chenab Traders etc.Summon U/S 9(5) Of the


Notice To: (5) Muham-mad Aashiq (Deceasedthrough his legal heirs) (i)Nazir Bibi (Widow) (ii) Ir-shad Ullah (iii) Azmat Ullah(Sons) (iv) Toqeer Un Nisa(Daughter) of MuhammadAashiq, Caste Jutt SindhuR/o Chak Nizam Kalan,Tehsil and District Gujran-wala.

Whereas: the aforesaidplaintiff has suit against youand other for recovery ofRs.5,608,766/56Along-withmarkup/interest and cost etc.Claim to be payable by you.A summon u/s 9(5) of Ordi-nance No. XLVI of 2001 re-ferred above is hereby issuedrequiring you to make within30 days of the service of thissummon, an application forleave to defend the suit u/s10(1). Take notice that onyour failure to file such ap-plication within time speci-fied above, the BankingCourt shall pass a decree assprayed in the plaint, infavour of the plaintiff Bank-ing Company. Next date offurther proceedings, in thecase has been fixed on 13-12-2018





Suit No 212-1/2018Allied Bank Limited,

Branch Siranwali. VS M/S Ihsan Sports etc.Summon U/S 9(5) Of the


Notice To: (1) M/S IhsanSports, A proprietorship con-cern head Office at Haji PuraDaska Road, Sailkot throughits partners (2) Mr. IhsanUllah Khan S/o Baqar Khan(3) Mr. Gul Zaman Khan (4)Mr. Gul Javed Khan (5)Majid Khan (6) Mr. MohsinKhan Sons of Ihsan UllahKhan, all residents of Houseno. 127/4, Haider RoadCantt, Sailkot.

Whereas: the aforesaidplaintiff has suit against youand other for recovery ofRs.37,856,701.24 Along-with markup/interest andcost etc. Claim to be payableby you. A summon u/s 9(5)of Ordinance No. XLVI of2001 referred above ishereby issued requiring youto make within 30 days ofthe service of this summon,an application for leave todefend the suit u/s 10(1).Take notice that on your fail-ure to file such applicationwithin time specified above,the Banking Court shall passa decree ass prayed in theplaint, in favour of the plain-tiff Banking Company. Nextdate of further proceedings,in the case has been fixed on28-11-2018 camp Sailkot.



COURT NOTICEIn the Court of

Muhammad Saleem IqbalAdditional District & Session Judge/Gas

Utility Court DepalpurYear: 2018Suit for recovery of

Rs 1,11,370/-SNGPL etc. VersusMasjid through Ghulam

Nabi Mujahid s/o NazirAhmad Mujahid r/o KotAmeen Shah Hujra ShahMuqeem Tehsil DepalpurDistrict Okara

The court has called youagain and again, but the im-plementation seems difficult,therefore this ad is being is-sued for you to appear in thiscourt on 12-11-2018 at 9:00am yourself or through yourlawyer. Otherwise the actionwould be taken against youand after that no excuse orobjection would be accepted.

COURT NOTICEIn the Court of

Muhammad Saleem IqbalAdditional District & Session Judge/Gas

Utility Court DepalpurYear: 2018Suit for recovery of

Rs 42,480/-SNGPL etc. VersusMian Manzoor Ahmad

Watto s/o Muhammad Sub-han Watto r/o Chak BawaTehsil Depalpur DistrictOkara

The court has called youagain and again, but the im-plementation seems difficult,therefore this ad is being is-sued for you to appear in thiscourt on 12-11-2018 at 9:00am yourself or through yourlawyer. Otherwise the actionwould be taken against youand after that no excuse orobjection would be accepted.

COURT NOTICE

Oil price climbsafter Saudia cutsproduction HONG KONG: Oil prices climbed on

Monday as the world’s biggest supplierSaudi Arabia announced plans to cut pro-duction, in the face of fears of oversup-ply.Saudi Arabia’s energy minister said

Monday that oil-producing nationsshould cut output by one million barrelsper day to re-balance the market.Khalid al-Falih’s comments follow a

meeting in Abu Dhabi at the weekend,where the OPEC group and its allies hadalready started laying the groundwork tocut supply in 2019, reversing an almostyear-long expansion.Saudi Arabia had said the kingdom

would cut its production by 500,000 bar-rels per day.Oil prices advanced steadily through

Monday, with both Brent Crude and WestTexas Intermediate (WTI) seeing gains ofmore than a dollar per barrel. "In the shortterm this is a positive for oil, but we mustquestion the impact longer term unlessit’s the sign of more to come fromOPEC," said Neil Wilson, chief marketanalyst at Markets.com. —AFP

Mush challengesstatement throughCommission ISLAMABAD: Former army chief

and President Pervaiz Musharraf on Mon-day challenged decision of the Specialcourt that a Commission will recordMusharraf statement from Dubai in hightreason case.Musharraf is facing high treason trial

before a Special Court for imposingemergency in the country on Nov 3,2007. The court has formed a Commis-sion on October 15, to record formerarmy chief statement under Section 342of the code of criminal procedure who iscurrently residing in Dubai. Next date ofhearing before the Special Court is fixedfor November 14, 2018 in the matter.Two days before the next hearing of the

case, Barrister Salman Safdar, counsel forMusharraf has challenged the formationof Commission before Islamabad HighCourt, terming the recording of an ac-cused statement in a case through a Com-mission from abroad ‘flagrant violation’of the settled procedure Safdar expressedit as unprecedented.“Establishing a Commission to record

the statement of an accused under Section342 CrPc is an unprecedented step, neverundertaken in the legal history of Pak-istan”, Musharraf submitted.—TLTP

Research bodies’ role vital in vibrant economy


LAHORE: President of the LahoreChamber of Commerce & Industry(LCCI) Almas Hyder has said that role ofresearch institutions is crucial for creat-ing a vibrant economy therefore theyshould work vigorously for Pakistan’s de-velopment. He was talking to the Chairman PCSIR

Dr Shahzad Alam here at the LahoreChamber of Commerce & Industry, onMonday. The LCCI Vice-PresidentFahim-ur-Rehman Sehgal, former Presi-dent Sohail Lashari, former Senior VicePresident Amjad Ali Jawa, former VicePresident Zeshan Khalil and ExecutiveCommittee Members also spoke on theoccasion. Chairman PCSIR gave a briefpresentation about the establishment ofScience, Technology & Innovation Park. The LCCI President Almas Hyder said

that Pakistan Council of Scientific & In-dustrial Research and various other insti-tutes established in 50s and played aproactive role for development of thecountry but their role squeezed with pas-sage of time and posed economic chal-lenges for the country.

PM directs govtdeptts to clearmedia houses’ dues


ISLAMABAD: Information Minister Fawad Chaud-hary on Monday said Prime Minister Imran Khan has di-rected the concerned departments to immediately clear allpending dues of the media houses.The information minister, in a video statement, said that

the announcement holds significance in the backdrop ofthe ongoing "media retrenchment"."In the past few weeks, the government has observed

that people were being sacked from various media houses.The PTI government is committed to providing livelihoodto people and this decision will serve as an instant reliefmeasure," he maintained.Fawad said that the federal and the provincial govern-

ments have been directed to start the process of clearingdues of media houses with immediate effect.He alleged that the previous governments had used

media advertisement as a political tool and that policy af-fected the media business and created chaos in the indus-try. The minister claimed that the PTI-led government will"bring a rationality and balance to this effect"."Similar to how the incumbent government has abolished

the censorship in the state-run media, it is taking measuresto limit and eventually end the government's control overmedia advertisements," he said, adding that during the high-level meeting chaired by the prime minister it was decidedthat from now onwards a transparent advertisement policywill be chalked out to deal with this matter purely on meritbasis. The federal minister hoped that the decision wouldput a bar on the retrenchment policy in media houses andprovide a relief to media workers.

Businessmen urgegovt for measures tosqueeze trade deficit


LAHORE: The Pakistan Industrial and Traders Asso-ciations Front (PIAF) former chairman Irfan Iqbal Sheikhhas asked the government to take measures to furthersqueeze country’s trade deficit which slightly fell to $8.86billion in first quarter of current fiscal from the $9.01 bil-lion reported in corresponding period of last fiscal. Theoverall trade deficit contracted by 1.61 percent in July-Sep-tember 2018 period of Fiscal Year 2018-19 (FY19) as com-pared to the same period of FY18.Irfan Iqbal Sheikh said that the Pakistani rupee contin-

ued its downward slide against the US dollar, hitting theall-time low of Rs134 against the green back in the inter-bank market. It indicates that the country is once againmarching towards another huge trade deficit, which wouldfurther jack up the current account deficit.Chairman PIAF Mian Nauman Kabir also urged the

government to come up with better trade policy for tradeand industry to bring down the gap of trade deficit. Tradepolicy 2018-23 which is expected to be released in the cur-rent month, to achieve its target its very much necessary tocurtail the energy prices for industry so that cost of doingbusiness may be reduced leading to increasing the exports.It is necessary to have SWOT analysis of previous issuedpolicies and keeping in mind the weaknesses, flaws andnegative effects, new trade policy 2018-23 be issued, MianNauman Kabir added.

Chairman barsNAB officers fromgiving interviewsLAHORE: The Chairman of the National Accountabil-

ity Bureau (NAB) on Monday barred all its officers fromgiving any media interviews, after opposition politicians ac-cused its top official in Lahore of conducting a "media trial".In a press release here, Chairman Justice (retd) Javed

Iqbal, the head of the anti-corruption watchdog, said onlythe bureau's spokesperson would be responsible for givingNAB's version to the media and public.NAB respects all the honourable members of the as-

sembly, the chairman said in the press release. He addedthat the bureau has sought record of media interviews byNAB Director-General Lahore Maj (retd) Shahzad Saleemfrom the Pakistan Media Regulatory Authority (PEMRA).Last week, leaders of opposition parties accused Saleem

of carrying out a "media trial" of opposition politicians andtabled a privilege motion in the National Assembly urgingthe "immediate intervention" of the House in the matter.On Thursday, Saleem appeared on at least five political

talk shows on different TV channels to talk about the on-going corruption allegations against former Punjab ChiefMinister Shehbaz Sharif.


LAHORE: Provincial Minister for Industry & TradeMian Aslam Iqbal has said that promotion of investmentis an important priority agenda of the government and fa-cilities are being provided to national and internationalinvestors under one roof.

Power tariff likely to soar upby 64 paisas per unit

The Business Report

ISLAMABAD: The government is likely to increase elec-tricity price by 64 paisas per unit under fuel adjustment.The Central Power Purchasing Agency (CPPA) has sought64 paisa per unit increase in tariffs for October 2018 undermonthly fuel price adjustment mechanism.

12

PRINTED AT TIJARAT PRINTERS FOR TIJARAT PUBLICATIONS AND PUBLISHED BY IRFAN ATHAR FROM TIJARAT HOUSE, 14-DAVIS ROAD, LAHORE. GROUP EDITOR RIAZ AHMAD CHAUDHRY EDITOR FAISAL ALI GHUMMAN

CMYK

CMYK

Lahore, Tuesday, November 13, 2018 Rab-ul-Awal 04, 1440

The

The Business Report

BEIJING: Once a small backward fish-ing town off the Arabian Sea in the south-west Balochistan province, Gwadar now isrising fast in the economic landscape of thecountry and is attracting more businessmenby offering numerous business opportuni-ties.The deep-water port became fully func-

tional in late 2016 under the China-PakistanEconomic Corridor and welcomed its firstliner in March 2018, China Daily reportedon Monday.According to the port’s operator, China

Overseas Ports Holding Company, some 20companies in different businesses have al-ready joined the Gwadar free trade zonewith direct investment of around $460 mil-lion.Planning to open a fast food chain restau-

rant in Gwadar, Muhammad Umair, anAmerican of Pakistani origin, heard aboutthe rise of Gwadar a lot from media as wellas from his friends in Pakistan.“So, I conducted a survey and decided to

establish an international fast-food chainrestaurant in Gwadar,” Umair said recentlyduring his business visit to Gwadar.Umair migrated to the United States in

1996 and now is the owner of a couple ofpizza restaurants and a superstore in Hous-ton, Texas.“I chose Gwadar because it is a growing

port city with enormous opportunities whichcan give me good earnings. This restaurantwill be a start. I have the plan to invest inother businesses also. It might be a factory,”said Umair, who looked very optimistic aftervisiting the modern port and other ongoingdevelopment projects in Gwadar.The development of Gwadar is laying a

strong infrastructural foundation for futuredevelopment as well as creating new em-ployment and business opportunities. Thecontinuous progress through swiftly com-pleted projects has increased Pakistanis’trust in Gwadar. Dostain Jamaldini, chair-man of the Gwadar Port Authority, said that“with the development of the port, a num-ber of business people are showing their in-terest to start their new businesses in

Gwadar. China has helped us develop portas well as the city. As a result, the businessesof locals are flourishing”.Gul Zamir, who first migrated from Pun-

jab province to the US in 2010 to run a busi-ness but returned home after one year whenhe failed to adjust abroad, has been runninga real estate and construction business inGwadar since 2014.“Upon my return, I didn’t know what to

do, but finally, a friend guided me toGwadar and I started a construction businessin partnership with a local partner. Now, Iam very happy with my work,” said Zamir,who is also planning to establish a privatecollege in the city of Gwadar.Zamir said he was very disappointed

when he first reached Gwadar, but he re-mained persistent and, finally, opportunitiesstarted knocking on his door. “There wasnothing near my office except a poor roadand several shabby houses. But now, a largenumber of modern houses have been builton both sides of the fully carpeted road,”Zamir said, talking about the big change inGwadar.

Khushhali Bank declared ‘Best

Microfinance Bank’

LAHORE: A group photo of senior management officers of Khushhali Microfinance Bank Limited on the occasion of receiving Best Microfinance Award at PBA 2018.

Saudi investors will be given every facility: Aslam IqbalBusiness

25,000 workers lost their livelihood, says ABAD Chief

Steel re-rolling mills inSindh, Balochistan closedThe Business Report

KARACHI: The ban on con-struction of high-rise and otherbuildings has started taking tollas all steel re-rolling mills inSindh and Balochistan have beenclosed for indefinite period forwant of customers and almost25,000 workers have lost theirjobs.Muhammad Hassan Bakshi,

Chairman Association ofBuilders and Developers of Pak-istan (ABAD), said that after-shocks of ban on high-rise andunnecessary hurdles for NOCs is-suance have started as 70 steelre-rolling mills of Sindh andBalochistan are closed due tovery slow consumption of steelbars. Resultantly, 25,000 workers

have lost their livelihood, headded.He said that the Supreme Court

of Pakistan had banned construc-tion of multi-story buildings inKarachi on a wrongly-depictedwater crisis report by KarachiWater and Sewerage Board(KW&SB). He lamented that fivelac workers are rendered joblessdue to ban on construction inKarachi but Sindh governmenthas not taken any concrete step toresolve water issue despite pas-sage of 19 months of constructionban in Karachi and now this banhas reached to Hyderabad as well. He said that the Supreme Court

of Pakistan, after total ban onhigh-rise construction, has al-lowed ground plus six floor con-struction but, allegedly, Water

Commission appointed by theSCP has imposed condition ofNOCs from utilities agencies be-fore approval of plan by theSindh Building Control Authority(SBCA) and has instructedKW&SB not to issue any waterNOC for new building construc-tion forcing SBCA not to approvebuilding plan. He said that more than Rs. 600

billion investment has beenstopped due to ban and hundredsof thousands of people includingarchitects, engineers are renderedjobless and now closure of pro-duction by steel re-rolling millshas added oil to fire as 25,000workers have been laid-off. Wefear that after closure of steel re-rolling mills, more allied indus-tries will be closed, he lamented.

LAHORE: Chairman of the National Accountability Bureau (NAB) Justice (retd) Javed Iqbal addresses staff of Lahore office.


LAHORE: Khushhali Micro-finance Bank Limited has wonthe accolade of “ Best Microfi-nance Bank” at the third PakistanBanking Awards 2018 organisedby the Institute of Bankers Pak-istan with AF Ferguson as itsknowledge partner and DawnMedia Group as its official mediapartner. The pioneer Microfi-nance Bank of Pakistan was hon-oured with this award for itsall-round performance in ex-panding outreach through pene-tration efficiency and innovations

along with both a strong bottomline and social impact.The award ceremony was ho-

noured by Jamil Ahmed, DeputyGovernor State Bank of Pakistan,whereas other attendants in-cluded members of the bankingfraternity, regulatory bodies andother stakeholder groups.Talking on the occasion, Pres-

ident of Khushhali MicrofinanceBank, Ghalib Nishtar, said, “Weare humbled to be recognised as afront-runner in the micro financebanking industry. An importantpartof what we do at Khushhali

Microfinance Bank is to create

and foster a community withinthe microfinance banking eco-system. The award is a tribute tothe spirit of entrepreneurship ofmillions of our clients and arecognition of the outstandingteam at Khushhali.”“The award signifies our mo-

mentous efforts to provide formalfinancial access to the marginal-ized segments of Pakistan. Suchprestigious banking awards playa vital role in boosting the moraleof financial institutions to workharder to bridge the divide be-tween the banked and un-banked,” he further added.These awards honour and pro-

mote the efforts of banks for de-veloping new and innovativeproducts and services, while giv-ing them the incentive to enhancetheir performance for the comingyear. The areas rewarded in-cluded financial inclusion, cus-tomer convenience, technologyin banking, Islamic banking,trade finance including SME andagriculture.The award jury members have

a vast experience of working forthe financial sector and theawards are decided after thor-ough review of product offeringsand performance of all the nomi-nee banks.

Gwadar Port attracts morebusinessmen: China Daily

volume 13 | no 317 lahore cpi 251 world …by our staff correspondent islamabad: prime minister...

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