6 Saturday, March 3, 2018 Biz Tea imports into country grew by 11.35% in seven months ISLAMABAD: Tea imports into the country during first seven months of current financial year increased by 11.35 percent as compared the imports of corresponding period of last year. During the period from July-January, 2017-18, about 115,172 million tons of tea worth US$ 339.997 million imported to fulfill the domestic requirements as against the import of 119,314 million tons valuing US$ 303.343 million of the same period of last year, according the data of Pakistan Bureau of Statistics. During the period under review, about 80,171 metric tons of spices worth US$ 93.23 million imported as compared the imports of 68,965 metric tons valuing US$ 75.939 million of same period last year, showing an increase of 22.15 percent. The imports of milk cream and milk for infants grew by 9.92 percent and about 55,042 metric tons of the commodity worth US$ 152.331 million imported as compared the imports 46,525 metric tons valuing of US$ 138.584 million of same period of last year, it added. During the period under review, soyabean oil imports into the country also grew by 82.18 percent as about 118.795 metric tons of above mentioned commodity valuing US$ 105.778 million imported as compared the imports of 38,254 metric tons valuing of 58.063 million of same period of last year. Cargo handling activities of Karachi Port During the last 24 hours ending at 0700 hours Ships Arrived 06 Ships arrived and berthed at Karachi Port, their details are given below. 1. YM CYPRESS (CONTAINER SHIP) 2. CORONA (TANKER) 3. MOL EARNEST (CONTAINER SHIP) 4. CRETE I (CONTAINER SHIP) 5. CARAVOS LIBERTY (COAL) 6. M T M HONG KONG (TANKER) Ships Sailed 07 Ships have sailed off from Karachi Port, their details are given below. 1. COSCO DURBAN 2. GLORIOUS 3. INDUSTRIAL REVOLUTION 4. MSC ISHYKA 5. HANSA OFFENBURG 6. FPMC 21 7. CLEMENS SCHULT Cargo handling turnover The total cargo handled at Karachi Port during the last 24 hours closed at 148,273 metric tonnes. The breakup shows that the port has handled 30,750 metric tonnes of export cargo and 117,523 metric tonnes of import cargo during the said period. Commodity wise handling in metric tonnes is given below. Meanwhile, about 1,662,763 metric tons of palm oil worth of US$ 1.208 billion imported to fulfill the domestic requirements as compared the imports of 1,448,796 metric tons valuing US$ 1.15 million of same period last year. The imports of palm oil during the period under review grew by 19.04 percent as compared the first seven months of last year, according the data of Pakistan Bureau of Statistics. It may be recalled that Govt empowers banks to recover loans Turkey keen to explore investment opportunities in energy and infrastructure projects: CG Tolga Ucak KARACHI: Newly appointed Turkish Consul General in Karachi Tolga Ucak has speak about the importance of the people-topeople contact at Turkish Airlines Agency Award Ceremony 2017 in Karachi. He also underlined the progress that the Turkish Airlines achieved in the timeline and contribution of the Turkish Airlines to the image and tourism sector in Turkey. He said that Pakistan and Turkey can also benefit from each other experiences and expertise in the aviation sector and PIA and Turkish Airlines already enjoy working relationship. Tolga Ucak while praising the recent decision by government of Pakistan to introduce visa on arrival policy said that it’s a good step to promote inbound tourism in Pakistan. Since security environment is improving in Karachi, we would like to introduce Karachi to Turkish people as a safe and interesting tourism destination and hopefully more Turkish tourists would come to Pakistan in 2018. He praised the role of travel agencies in promoting Turkey as a preferred tourism destination for Pakistani tourists and informed that, according to the figures of Turkish Statistical Institute, in 2017 approximately 77,000 Pakistanis travelled to Turkey. Tolga Ucak informed that in year 2000 the number of visitors to Turkey from Pakistan was just 7,908 which reached to almost 21,000 travelers in 2007, 50,000 in 2014 and ultimately 77,000 travelers in year 2017. He hoped that with several attractive packages by Turkish Airlines, year 2018 would set a new record of Pakistani travelers travelling to Turkey. Consul General said that UN World Tourism Organization figures for global tourism for 2017 is 1.3 billion people with an annual rise of 6.7%. The number of foreigners visited Turkey in 2017 was 32.5 million with an annual increase of 27.8 percent compare to 2016. ISLAMABAD: Minister of State for Finance Rana Muhammad Afzal has said that the present government empowered banks to recover loans from the defaulters under a new law. Responding to a calling attention notice moved by Rana Muhammad Hayat Khan in the National Assembly on Friday, he clarified that the government does not waive off the loans but discretion to this effect rests with the banks. He said that a list of loan defaulters has already been presented before the Upper House. The Speaker referred the matter of loan defaulters to the committee concerned with the instructions to submit its report within fifteen days. Increased petroleum prices would add burden on Industry and SME sector: KATI KARACHI: President of Korangi Association of Trade & Industry (KATI) Tariq Malik, Senior Vice President Salman Aslam and Vice President of the association JunaidNaqi said that increased petroleum prices would add more burden on Industry and SMEs in terms of increased cost of production and doing business. President Tariq Malik said that industrial and SME sector were already facing the pressure of exceeding cost of production and doing business. He said that government should revisit its tax and levies charged on petroleum products and could bear increase in prices. Tariq Malik said that increase price of petroleum prices would equally effect industry, SMEs, Export Sector and common people. He urged PM ShahidKhaqanAbbasi to take notice of this situation immediately and direct to revise the decision of increased petroleum prices. LAHORE: The Pakistan Auto Show displaying a variety of cars and vehicles was held at the Expo Centre in Lahore. The highlights of the four-day auto show were the new car models, and a country earned US$ 2.395 billion by exporting different food commodities during last seven months of current financial year as compared the exports of US$ 2.016 billion of the corresponding period of last year. During the period from July-January, 2017-18, food group exports from the country grew by 18.83 percent as against the exports of same period last year. On the other hand food commodities imports into the country during the period under review grew by 9.77 percent and stood at US$ 3.777 billion as against US$ 3.441 billion of same period last year. However, on month on month basis, imports of food croup decreased by 7.21 percent as it was recorded at US$ 535.339 million in January, 2018 as against the imports of US$ 576.883 million of same month of last year. PSX closes week on positive note KARACHI: Pakistan Stock Exchange on Friday closed its week on a positive note with the benchmark KSE-100 Index gaining 230 points to close at 43,740. The index showed some mixed activity in the first half of the trading session but adopted a positive momentum in the second half. It hit a day’s low of 43,412 points and reached a day’s high of 43,759 points near the end of the trading. Volumes edged up as 229.9 million shares worth Rs9.6 billion changed hands compared to 211.94m shares worth Rs10b traded on the previous trading day. Of the 415 traded scrips, 191 advanced, 207 declined and 17 remained unchanged. ISLAMABAD: The SECP has notified Draft Shariah Governance Regulations, 2018, which is a comprehensive set of regulations for governance of Shariah-compliant companies and entities, Shariahcompliant securities and Islamic financial institutions under its jurisdiction. For the first time ever, a holistic Shariah governance framework has been introduced by the apex regulator of corporate sector and capital markets. Mr. Zafar Abdullah, the SECP chairman, termed it a quantum leap forward in cementing Islamic financial services, Shariah-compliant businesses and instruments in Delegation of state trade organization of Maldives govt flies back after visit of Pakistan KARACHI: The Trade Delegation of Maldives completed its four day visit in Pakistan on 28th of February. On their visit, the delegates had meetings with the Senior Management at TDAP and the business related business meetings/visits with leading pharmaceutical companies in Karachi. On the conclusion of visit, the delegates have expressed complete satisfaction on extended hospitality, safety and security, business BEIJING: The Chinese Communist Party’s annual legislative session will count more than 150 “super rich” members whose total net worth has soared to $650 billion, or double Ireland’s annual GDP, a report showed Friday. From internet tycoons to real estate barons and auto industry leaders, some of the wealthiest people in the world’s second-largest economy will grace the corridors of the Great Hall of the People for meetings that start this weekend. Some are members of the Chinese People’s Political Consultative Conference (CPPCC), a top advisory body, which convenes on Saturday. and investment On their meetings with the leading pharmaceutical companies, the delegates said that they have shared their requirements with the companies and will place procurement orders in two phases. In the first phase, they will buy emergency medicines and in the second phase; they will place orders for routine medicines after signing contracts with the Others will attend the National People’s Congress, the rubber-stamp legislature, which opens its twoweek session on Monday. The NPC has the momentous task this year of passing a constitutional amendment that will lift presidential term limits, clearing the way for President Xi Jinping to stay in power beyond the end of his second five-year term in 2023. Of the 5,130 delegates expected at the two assemblies, 153 individuals are among the “super rich” compared to 209 last year, according to a survey by Shanghai-based luxury magazine publisher Hurun Report. While there are fewer of companies. Conducting Officer from TDAP is of the view that the visit of the delegation changed perception of the delegates about Pakistan and hopefully, some very good procurement orders are expected from the STO Maldives after fulfillment of necessary formalities between the buyers and the sellers. Moreover, Trade Development Authority of Pakistan will continue to play its role in hosting such incoming delegations for promotion of trade and business as well as soft image of the country. China’s ‘super rich’ legislators get richer Pakistan. The concept of a Shariah-compliant company and security was introduced through provisions incorporated in the Companies Act, 2017, empowering SECP to implement the scheme of certification of Shariahcompliant companies and Shariah-compliant securities. The aforesaid provision enables SECP to regulate almost every aspect of Shariah-compliant products, services and businesses. The exponential growth of Islamic finance made it imperative to effectively regulate the businesses running their activities as per Shariah principles. The them this year, their net worth totals $650 billion, up from $507 billion last year, according to Hurun. The list includes 102 dollar billionaires, roughly the same number as in 2017. NPC delegates include Pony Ma, the chief of internet giant Tencent and the richest of all legislators with $47 billion, smartphone maker Xiaomi’s CEO Lei Jun and car manufacturer Geely’s chairman, Li Shufu. Among delegates attending the CCPPC meeting are Baidu’s Robin Li, Liu Qiangdong, the founder of e-commerce giant JD.com, and real estate developer Evergrande’s Xi Jiayin, the second-richest attendee with a net worth of $41 billion. SECP drafts governance rules for Islamic firms, securities Pakistan Auto Show 2018 held at Expo in Lahore wide variety of motorbikes in the 250cc to 500cc range. To cater to the needs of Pakistan, new auto rickshaw garbage pickers were introduced, which will be able to easily drive through congested streets to pick garbage. Various types of auto spare parts and tractors for agricultural purposes were also on display. Visitors admired the latest variety of cars on the show. The staff present on stalls said that with a rapid innovation in car industry this type of show helps people select the right type of automobile. Over Rs 100 billion of this auto industry is directly set out to employ 200,000 people and is also partaking in increasing the GDP of Pakistan by 4%, but there is much that needs to be done for this emerging industry. KARACHI: Pak Suzuki has donated a Suzuki Bolan van to Uqaily Family & Friends Association on Wednesday 28th February, 2018. Mr. SECP regulates highly important segments of the Islamic financial services industry, including modarabas, takaful, Islamic NBFIs, Islamic mutual funds, pension funds, real estate investment trusts, Shariahcompliant companies and securities. Donation of Suzuki Bolan Van to Uqaily Family & Friends Association Masafumi Harano, MD & CEO Pak Suzuki formally presented symbolic key, in presence of Senior Officials of Pak Suzuki and Uqaily Family & Friends Association.
Multan Sultans, Karachi Kings match abandoned due to rain SHARJAH: SHARJAH: The first match on Friday between Multan Sultans and Karachi Kings was abandoned due to rain. The teams will receive one point each. The high-flying Karachi Kings, who have won all three of their matches so far in the third edition of Pakistan Super League (PSL), won the toss and opted to bat against Multan Sultans. Mohammad Amir had returned to the Karachi Kings' playing XI, while Shahid Afridi was rested for today match. Karachi, who revamped Sarfraz must stay as captain: Chief Selector Inzamam ul Haq SHARJAH: Chief Selector Inzamam ul Haq has backed Champions Trophy winner Sarfraz Ahmed as Pakistan’s captain till World Cup 2019. Talking to media in Sharjah, Inzamam said that the way Sarfaraz has led Pakistan team in last one year has been remarkable and there should be no doubt that he should remain Pakistan’s captain till next world cup. “Captain is the one responsible for playing ACAPULCO: US Open champion Sloane Stephens suffered her ninth defeat in 11 matches as she was beaten by world number 183 Stefanie Vogele in the Mexican Open. World number 13 Stephens, 24, began the tournament without a win since her maiden Grand Slam triumph in September. After victories in the first two rounds, the American top seed slipped to a 6-4 5-7 6-2 quarter-final defeat. Swiss Vogele's win was her first over a top-20 player since she beat Stephens in 2013. The 27-year-old faces Sweden's Rebecca Peterson, who beat fourth seed Zhang Shuai of China 6-2 6-1, in the semi-finals. Defending champion Lesia Tsurenko of Ukraine will play Australian third seed Daria Gavrilova in the other semi. In the men's draw, Argentine Juan Martin del Potro beat Austria's Dominic Thiem 6-2 7-6 (9-7) to set up a semi-final against German second team in the middle, he’s the leader. It is necessary that we know who is going to lead Pakistan in the world cup,” he said “The way Sarfaraz has led Pakistan in last one year has left no doubt that he should be retained as captain. He is and he must stay as captain,” he added He further said that the selection committee will move towards the preparation of World Cup 2019 with a pool of 20 players so that team can get ample seed Alexander Zverev, who overcame American Ryan Harrison 6-4 6-1. South African Kevin time to gel together for cricket’s biggest extravaganza. “I strongly believe that the players who we have for world cup should be playing together till the mega event for next one year so that a combination can be made for them and they can gain the confidence,” said Inzamam “I am also seeking doctors’ report on players’ injury and fitness, the selection is open to everyone. If there is any performer in first class and domestic, he can also come in contention for World Cup. We have to focus on a group with whom we can move forward,” Inzamam, while adding that he can’t give a deadline to name 20 for the world cup contention, but Mexico Open: Sloane Stephens beaten by Stefanie Voegele Anderson, the fifth seed, faces American Jared Donaldson for a place in Saturday's final. Golden Eagles beat Lahore Badshah by five-wicket in T20 League Sports Reporter KARACHI: Salman Khan stroked quick fire unbeaten 73 to set up Golden Eagles five-wicket win over Lahore Badshah in Amir Cables T20 League here at Shah Faisal ground. Salman hit six fours and one towering six as Golden Eagles, set to get 143 to win, achieved the target for the loss of five wickets with three balls remaining. Man of the match Salman batted with authority to punish Lahore Badshah bowlers with command and precision as M Hafeez made (34). From Lahore Badshah, Qaisar Nadeem took three wickets for 34 and Shafqat Butt captured 2- 20. Earlier, Lahore Badshah hit up 142-7 in allotted 20 over as their top scorer Safdar Ali slammed solid 84. From Golden Eagles, M Hafeez took 3-17, Rashid Latif Jr 2-14 bowled well. M Saeed and Shbabir Khan got one wicket apiece. M Asif and Nasir Hussain were the umpires and M Kazim was the scorer. ideally a group should be known at least 12 months before the world cup. Replying to a question, the former master batsman said that the third edition of Pakistan Super League has already brought some players into the limelight and they’re surely in the sight of the selection committee. “Hussain Talat of Islamabad United has been very good. Spinner Ibtisam Sheikh has impressed me a lot as well. Rahat Ali has bowled well in the tournament to change the usual perception about him,” Inzamam said. “Although the tournament is in initial stages, there are talented players spotted during the tournament who can be considered for Pakistan team,” the chief selector said. Manchester City beat Arsnel 3-nil M A N C H E S T E R : Manchester City produced a scintillating performance to comprehensively beat Arsenal for the second time in five days and extend their lead at the top of the Premier League to 16 points. With just 10 games remaining, City need five victories to clinch the title. "We are close. It's in our hands, we can't deny it," manager Pep Guardiola said. "These are the last steps to be champions. You keep going until the end." After beating the Gunners 3-0 in the Carabao Cup final on Sunday, City dominated in a toxic atmosphere at a half-full Emirates Stadium. Bernardo Silva opened the scoring in the 15th minute, beautifully curling in a left-footed strike into the far corner after Leroy Sane's mazy run. David Silva finished off a fine team move in the 28th minute for City's second before Sane did the same five minutes later. Arsenal had the opportunity to cut the deficit shortly after half-time but Ederson SHARJAH: Pakistan’s flamboyant all-rounder Shahid Afridi wants to play the final of the third Pakistan Super League as it will be held in his adopted hometown, Karachi, on March 25. Afridi, 37, also rubbished speculations about him making a comeback to international cricket. “My decision to retire is final. I am now enjoying myself playing in these T20 leagues and doing my foundation work,” Afridi said in their squad in the PSL drafts and appointed Imad Wasim as captain, have been rewarded for the overhaul: the younger lineup, starring power hitters as well as more steady players and pacers, has overcome Quetta Gladiators, defending champions Peshawar Zalmi and Lahore Qalandars so far. Multan Sultans started their debut PSL campaign on a winning note, beating Peshawar Zalmi in the tournament opener and Lahore Qalandars in their second match. But the side lost to Islamabad United by 5 wickets. Saudia to participate for first time in WSF World Juniors Sports Reporter KARACHI: The Saudi Arabia will participate in the 2018 World Squash Federation( WSF )Men’s World Junior Team Championship, to be held in Chennai, India from 24-29 July. Since 1980, when the event started India will be hosting this championship for the second time. Fifth time winners, Pakistan will be defending the title which it last won in 2016 men’s team championship in Poland. India had finished in sixth place. In the team championship the following 23 nations will be competing: Argentina, Australia, Canada, Colombia, Egypt, England, Finland, France, Germany, Hong Kong China, India, Ireland, Malaysia, New Zealand, Pakistan, Qatar, Saudi Arabia, Scotland, Singapore, South Africa, Switzerland, USA, Zimbabwe. United Bank Limited win Cricket Gala 2018 trophy Sports Reporter KARACHI: Bank Limited (UBL) have clinched the Corporate Sports Pakistan (CSP) Organised Pepsi Cricket Gala 2018 trophy after beating Meezan Bank by five wickets in the final. Meezan Bank, batting first, posted 154 runs on the board in the allotted overs. Yousaf Iftikhar slammed 26 runs and Nasir Mehmood contributed 25. Imran Hassan emerged as top bowler for UBL by clinching three wickets while M Akmal and Nouman Nasir also bowled well and bagged 2 wickets each. Quetta Gladiators skipper Sarfraz Ahmed blamed a few 'bad balls' in the last stage of the match for the loss against Peshawar Zalmi. Speaking in the postmatch press conference, the skipper said that though the result has been disappointing but credited the team for staging a fight back in the match. “We almost had completely lost the match but the way our fast bowlers; John Hastings and Shane Watson made the comeback was very commendable,” he said. Responding to a question on why he chose fast bowler Anwar Ali over spinner Muhammad Nawaz in the final over the game, he said: “If the fast bowler had bowled in the right area we could have returned in the match. We Saturday, March 3, 2018 Sportlight 7 ‘Two, three poor deliveries’ cost us the game: Sarfraz made a comeback due to fast bowlers so we took a chance.” “You never know if the spinner had been there. Anything could have happened.” Sarfarz appreciated the quality of bowling being bowled in the ongoing tournament, saying that the batsmen are not chances to play in the tournament “Batsmen are not getting chances to play effortlessly,” he added. The skipper said that as the team has won and lost two games each, it will sit together to decide its best playing 11 for the upcoming matches. “Batting needs to be worked out. Only Shane Watson has played 50-run inning, the top-order is yet to show a big innings in the tournament,” he said. RAWALPINDI: Students compete in tug of war during Sports Gala held at Fauji Foundation University. Khyber Pakhtunkhwa sports journalists not happy with PCB Dr M. Arif Hafeez Sports Reporter past five years, adding that the KP sports journalists were sidelined in the PSL since its introduction in 2016.The senior journalist claimed that not a single journalist from KP was invited to the opening ceremony or any other event related to the PSL. Amjad stated that KP sports journalists had rendered great services for the promotion of sports and continued to perform their professional duty during the time when militancy was at its peak to promote soft image of the country at international stage. “How the international sports would return to Peshawar when the people such as chairman PCB did not bother to visit KP,” he KARACHI: The Sports Writers Association Khyber Pakhtunkhwa (SWAKP) criticised ‘indifferent’ attitude of the Pakistan Cricket Board (PCB) towards the sports journalists of the United province and asked Prime Minister Shahid Khaqan Abbasi to intervene into the matter and address their reservations. Association of International Press Sports (AIPS) General Secretary Amjad Aziz Malik said the PCB and its incumbent chairman Najam Sethi ignored the sports journalists of Khyber Pakhtunkhwa in the third edition of Pakistan Super League (PSL) and that is added.SWAKP the cause of serious concern amongst them. He said that Sethi did not visit the province in the committee Iqbal Imam. Probable’s Players: Matloob Qureshi, Rao Javed , Jahanzeb Tiwana, Danish Ahmed, Abdullah Ejaz, Hasnain Alam, Majid Hussain, Zubair Saleem, Shahbaz, Farhan Saeed, Abdul Mannan, Fayyaz Ahmed, president Jehanzeb Saddique said the PCB should give equal rights and importance to the sports journalist irrespective of their class, caste and creed. “It is not fair to ignore the journalist from a federating unit where they continued to work for promotion of sports despite unfavorable conditions,” he added.Senior sports journalist Ijaz Ahmad said that it was the right of sports journalists of KP to be given due representation in national and international level sports events. “We want same respect and rights being given to sports journalists of other parts of the country,” he added.The sports journalists also urged Prime Minister Shahid Khaqan Abbasi, who is also patron-in-chief of PCB, to take note of the ‘stepmotherly attitude’ meted out by the incumbent PCB’s management towards the KP sports journalists. National Disabled Cricket Selection Committee announced 29 probables Sports Reporter KARACHI: The ing from March 5th to March 7th, 2018 at Pindi National Disabled Cricket Cricket Stadium, Pierre-Emerick Selection Committee headed Rawalpindi in connection by Iqbal Imam with for the upcoming Tri- members Sabih Azhar, Nation Series (Pakistan, Muhammad Javed and Pakistan host England) in Javed Ashraf has announced 29 probable Disabled players England. The camp will be held under the supervision Muhammad for the camp commenc- of Chairman Selection saved Aubameyang's penalty. "We played with low confidence, you could see that at the start of the game and we paid for it," Arsenal boss Arsene Wenger said. an interview. “I am playing for Karachi Kings for the first time in the PSL and it is my ambition to see us playing in the final on March 25 as it is being held in Karachi for the first time,” Afridi said. The all-rounder announced his retirement from international cricket last year in rather acrimonious circumstances after differences with the cricket board over a planned farewell match for him. But Afridi said he was past that episode now.”A cricketer can ask for nothing more. My fans still enjoy my performances and I love that and continue to play for them,” he said. Nihar Alam, Waqaf Shah, Sher Ali, Muhammad Haris, Humaiyoon khan, Adil Abbasi, Rehan Ghani Mirza, WajidAlam,Abdullah Khan, Muhammad Safdar, Saifullah, Arif Richard, Gohar Ali, Adnan Butt, Ahsan Khalil, Muhammad Hamza, Malik Kashif. Afridi wants to play PSL 2018 final in front of home crowd Afridi who produced a virtuoso bowling performance against arch-rivals Lahore in the PSL on Monday, said he wanted to carry on playing in leagues till he was fit and performing. “It is also important for me to carry on playing cricket for my foundation work.” Afridi also praised the work of the head coach of the Karachi Kings and Pakistan team, Mickey Arthur.