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Nawaz desperate for NRO like deal: Imran

F.P. Report

ISLAMABAD: Chairman Pakistan Tehreek-e-Insaf (PTI), Imran Khan has said it seems that Nawaz Sharif is desperate for a deal like National Reconciliation Ordinance (NRO) to save his looted money.

Imran Khan said this while sharing his views on Twitter account on Tuesday. He said that former disqualified premier still wants to control the party and raising voice against the institutions and threatening them.

Nawaz is afraid of facing the court as he feared that the cases against him and family will appear the real face of Nawaz Sharif and now he is desperate for another NRO like deal to avoid his conviction on money laundering and save his Rs 300 billion looted money, Imran claimed.

Imran added that Nawaz Sharif has no concern that he is damaging the national institutions by starting campaign against it just because to save his looted money which is shame.

Imran also criticized PM Shahid Khaqan Abbasi and blamed him for making Pakistan a banana republic. He also blamed PM Abbasi for defending the finance minister Ishaq Dar.

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Three levies personnel injured in IED blast in Bajaur Agency

F.P. Report

BAJAUR AGENCY: As many as three Levies officials were injured in an improvised explosive device (IED) blast in Khara area of Bajaur agency on Tuesday.

The officials claimed that the polio team was the main target of IED but they survived the blast while administering polio drops to children of the area.

The injured were shifted to District Headquarters Hospital after the incident.

Fieldworkers and security forces involved in anti-polio drives in the Federally Administered Tribal Areas and Khyber Pakhtunkhwa have often been targeted by militants.


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Vohra left MQM-P as he couldn’t sustain pressure of money laundering case: Sattar

F.P. Report

KARACHI: Chief of of Muttahida Qaumi Movement-Pakistan (MQM-P) Farooq Sattar has said that Deputy Mayor Karachi, Arshad Vohra left the party as he couldn,t handle the pressure of case registered against him by the Federal Investigation Agency (FIA) and join the Pak Sarzameen Party (PSP).

Sattar said while talking to private news channel on Tuesday, he said that Vohra will receive a clean chit from the case as he sent the funds to London through proper banking channels.

He added that the changing the loyalties of political leaders with different tactics is not good for the city politics and people see the acts negatively and adding that these negative tactics will strengthen the party further and in the coming election MQM-P will get more seats than ever.

Sattar added that Vohra claimed he left the party because of poor performance in the local bodies then why he didn’t call me, when I was only a call away from him.

Responding to a question, he said that he has not taken any decision to de-seat Vohra from his post in the city council.


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Accountability court orders SECP to freeze assets of Hussain, Hasan Nawaz

F.P. Report

ISLAMABAD: The accountability court on Tuesday ordered the Securities and Exchange Commission of Pakistan (SECP) to freeze all the assets of Hasan and Hussain Nawaz, the sons of disqualified premier Nawaz Sharif in the corruption reference filed against them.

The corruption case against the brothers has been separated from the other family members as they were continuously absent from the hearing. The National Accountability Bureau (NAB) submitted a detailed report of assets owned by Nawaz’s sons in Pakistan.

NAB informed the court that as per the SECP records Hasan and Hussain Nawaz own share in six different companies working in Pakistan.

The court then directed the SECP to freeze their shares and ordered both accused to appear in court by November 8 and if they fails to show up in the court the they will be declared proclaimed offenders.

The hearing was then adjourned until November 14.


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Polling underway for SCBA elections

F.P. Report

ISLAMABAD: Polling is underway for the Supreme Court Bar Association (SCBA) elections in Islamabad and provincial capitals of the four provinces on Tuesday.

Apart from the provincial capitals, polling stations were also established in Multan, Bahawalpur and Abbottabad and the polling started at 9:00 am will continue till 5:00 pm without any interval.

Asma Jahangir group and Hamid Khan group is fighting for the president seat and a tough completion is expected between these two groups.

Asma Jahangir’s Independent group nominated Syed Muhammad Kaleem Khursheed while Hamid Khan’s Professional group is supporting Hafiz Abdul Rehman Ansari.

Total 44 candidates are contesting the election for 22 seats of the association and total of 2,989 voters can cast their votes, and most of the registered voters are based in Lahore.

Chairman Election Board Afrasiyab Khan is monitoring the election process.

Last year, Rashid Rizvi, of the Hamid Khan-led group, was elected the SCBA president.


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Gayle wins defamation case against Australian media group

Monitoring Desk

SYDNEY: Chris Gayle, the stat cricketer of West Indian team won a defamation case against an Australian media group Fairfaz Media newspaper, The Sydney Morning Herald.

The lurid accusations were made by Fairfax Media newspapers The Sydney Morning Herald, The Age and The Canberra Times in a series of stories in January last year claimed that the all-rounder exposed himself to team masseuse Leanne Russell in a dressing room at the 2015 World Cup in Sydney and indecently propositioned her.

Chris Gayle denied the allegations and the journalist behind this story wanted to destroy him as it is baseless allegations against him and they only try to destroy him mentally and making an abuse in the eyes of public.

Dwayne Smith, his teammate and who was in the changing room at the time also rejected the allegations against Chris Gayle.

The Supreme Court of NSW given the decision in favor of Gayle and finding Fairfax was motivated by malice.

Chris Gayle said that coming to court had been very emotional but now I am happy because I didn’t do anything wrong, I am good man, I am not guilty.

The publication of the stories followed an uproar after Gayle attempted to flirt with an Australian presenter on live TV, asking her out for a drink and telling her: “Don´t blush, baby.”


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13 people injured Pul-e-Khumari bomb blast

Monitoring Desk

KUNDUZ:  As many as 13 people were injured in a bomb blast in Pul-e-Khumri area the capital of Baghlan province.

Spokesman of Baghlan governor, Zabihullah Shuja, said to local media persons that explosion occurred near the square of the provincial capital when a sticky bomb attacked to a hilux vehicle detonated around 1: 30 (Local time) and adding that at least 13 civilians were injured in it and the investigations are underway.

Police said target of the bomb blast was unclear.

There was no claim of responsibility.


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District police chief held for providing weapons to Taliban

Monitoring Desk

KANDAHAR:  District Police Chief of Takhta Pul of Kandahar province, was arrested over the charges of providing weapons to Taliban groups.

Wali Muhammad Askar, In-charges of Kandahar crimes branch told local media persons said that Takhta Pul police chief, Nazir Rasooli was arrested after he was guilty in providing weapons and thousands of rounds to Taliban and adding that the matter is currently under investigation.



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Shahbaz to be next PM if PML-N wins 2018 polls

F.P. Report

ISLAMABAD: Senior Leaders of Pakistan Muslim League-Nawaz decided in London that Shahbaz Sharif will be the next prime minister, if the party wins the 2018 election.

This was reported in the local news channel and it claimed that in the meeting it was decided that the party policies will now be given by the Sharif brothers, not their respective children Maryam Nawaz and Hamza Shahbaz, the meeting was chaired by Prime Minister Shahid Khaqan Abbasi, CM Shahbaz Sharif and other senior leaders.

The meeting was continued for three hours and during the meeting PM Abbasi tried to convince Nawaz to avoid clashing with the state institute because the general election is right on the corner.

Moreover, PM Abbasi and CM Shahbaz have been directed to improve relations with state institutions and also place the PML-N’s grievances before them.




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Lucky Cement records 3.02 billion in first quarter

F.P. Report

PESHAWAR: Lucky Cement Limited reported net profit of PKR 3.02 billion for the first quarter ended September 30, 2017 which is 6.8% lower as compared to the same period last year.

Consequently, the earnings per share (EPS) for the quarter was recorded at PKR 9.33 compared to PKR 10.01 reported during the same period last year, according to a statement on Monday. The Company also declared cash dividend of PKR 5/- per share upon fresh review of Company’s financial situation.

The statement said that the Company’s net sales revenue increased by 6.0% to PKR 11.20 billion compared to PKR 10.57 billion reported during the same period last year. The increase in net sales revenue was mainly attributable to increase in sales volumes.

The local sales volume of the Company during the first quarter registered a growth of 14.3% to 1.54 million tons compared to 1.34 million tons reported during the same period last year, whereas export sales volume registered a decline of 25.3% to 0.27 million tons compared to 0.36 million tons reported last year.

On a consolidated basis, Lucky Cement reported net profit of PKR 3.85 billion for the first quarter ended September 30, 2017 which is 1.8% higher as compared to the same period last year. Consequently, consolidated EPS attributable to the Company during the quarter increased to PKR 11.90 compared to PKR 11.69 reported during the same period last year.

Lucky Cement also reported progress on its key local and international projects i.e. brown field expansion (installation of new production line) at Karachi Plant, fully integrated green field Cement Manufacturing Plant in Punjab province, investment in automobile Manufacturing plant under license from KIA Motors Corporation, brown field expansion in Cement Grinding unit in Republic of Iraq, 1 X 660 MW, supercritical coal based power project at Port Qasim.

Lucky Cement’s Board  also passed certain Special Resolutions, of which significant were with respect to increase of its equity investments in Kia Lucky Motors and announcement of new equity investment share in wind power project of 50 MW by the name of Yunus Wind Power Limited.

In addition, the Company also made a material information disclosure of its intent to evaluate possible equity investment in another project (i.e. other than Yunus Wind Power) of 50 MW Wind farm together with other Group Companies.

Lucky Cement remains committed towards value-creation for the society in which it operates. In this regard, the Company extended numerous scholarships to deserving students for various leading universities in Pakistan.

Under the domain of empowering women in the country, Lucky Cement continued its support for two leading Government girls’ schools in Karachi in collaboration with Zindagi Trust. The company also donated generously towards the cause of community development by supporting CPLC.