Bullish 100-index closes at 7796 points

KARACHI: The benchmark KSE-100 Index of Karachi Stock Exchange (KSE) witnessing bullish trend on Tuesday, closed 79 points up to 7,796.

Today?s trade began in the green zone and the same trend maintained its pace at the market with investors witnessed busy in buying shares in banking and energy sectors, which caused the 100-index to touch 7817-point level at one point.

The trade volume was recorded at 120 million shares today with Arif Habib Securities as today?s volume leader which lost three paisas to close at Rs29.60.

KSE-30 Index gained 108 points to finish the day at 8,283.

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New seniority list of LHC judges released

LAHORE: The new seniority list of 22 Lahore High Court judges including the PCO judges was released here on Tuesday.

According to the senior list of the Lahore High Court, justice Najmuzzaman will be the senior most judge after the chief justice, justice Khawaja Sharif while justice Saqib Nisar, justice Asif Saeed Khan Khosa, justice Maulvi Anwar-ul-Haq, justice Nasim Iskandar, justice Abdul Shakoor Paracha, justice Khalid Alavi, justice Ejaz Ahmed Chaudhry, justice Syed Sakhi Hussain Bukhari and justice M. Bilal Khan will be the senior judges.

Justice M. Bilal Khan was the chief justice of the Islamabad High Court but the Islamabad High Court was abolished after the Supreme Court?s decision due to which justice Bilal Khan reported back to the Lahore High Court.

Meanwhile, the PCO judges have been allowed to render their services until the decision of the Supreme Judicial Council but some of the PCO judges have refused to do their job until the decision.

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Gojra incident could be averted: Taseer

FAISALABAD: Governor Punjab Salman Taseer has said that incident of Gojra could be averted if police and administration had reacted diligently, efficiently and with sense of responsibility.

He was addressing Christians during his visit to Christian Colony, Catholic Church and village Korian near Gojra on Tuesday. The Governor expressed his shock and grief over this incident and said that such treatment to Christians in Pakistan of Quiad-e-Azam Muhammad Ali Jinnah, Zulfikar Ali Bhutto and Mohtarma Benazir Bhutto is highly regrettable.

?The white strip in our national flag clearly admits the presence of minorities and PPP would continue its struggle for their fundamental rights,? he said and added that Christians are very dear to us as a Christian had committed suicide on the hanging of Shaheed Zulfikar Ali Bhutto.

?We are duty bound to protect their fundamental and constitutional rights, ? he added.
He said that President Asif Ali Zardari had also taken an immediate notice of this situation and sent Rangers to restore normalcy and protect Christians? life and properties.

?We are also here to share your grievances and give you a sense of protection on the special directive of President Asif Ali Zardari,? he added.

Governor expressed surprise on the presence of large number of police officials during his visit and said that this incident could be avoided if police and administration had reacted efficiently and diligently. He assured Christians that federal government would help them and protect their life and property at all costs.

He also directed chairman Evacuee Trust Property to send engineers to undertake the work for the repair and construction of damaged houses.

? He termed incident of Gojra as a black spot on Pakistan?s face and said that we all should make serious efforts to remove it as early as possible?.

?Gojra incident is not a sudden happening,? he said and added that it was a planned conspiracy. ?Same elements are involved in it that had turned Swat into a hell,? he said and added we had flushed them out from Swat and would also eliminate them from Punjab.

He said that families of dead would get Rs.5 Lac while Rs.3 Lac would be given for the repair of damaged properties.

Federal Minister for Minorities Mr. Shahbaz Bhatti said that judicial inquiry into this incident has already been ordered and strict action would be taken against elements responsible of these riots. He said that President had asked him to go to Gojra to condole with the affectees.

?We would remain available here till their complete rehabilitation,? he assured.

Mr. Bhatti also said that this incident could be averted if police and administration had reacted efficiently. He said that President had taken immediate notice of this incident and sent Rangers to control the situation but it was a delayed action.

He termed this incident as a deep rooted conspiracy to sabotage the efforts of government to promote religious harmony. However, he said that elements involved in this riot would not be spared.

Rana Mohammad Farooq Saeed Khan federal minister for textile industry, provincial revenue minister Haji Muhammad Ishaq and Mohtarma Neelum Jabbar were also present.

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ANP chief, PML-Q president call on PM

ISLAMABAD: President Awami National Party Asfandyar Wali Khan and President PML-Q Chaudhry Shujaat Hussain Tuesday separately called on Prime Minister Syed Yusuf Raza Gilani.

The PM and ANP leader discussed the current status of displaced persons of Malakand division.

In a meeting held at the PM House, they also discussed various measures taken by the government for the rehabilitation of IDPs. The country?s political situation and other important national issues also came under discussion.

The PM Gilnai in his meeting with Chaudhry Shujaat Hussain at his Parliament House Chamber, discussed overall political situation in the country. The issues of national importance also came under discussion during the meeting.

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Pakistan News

?Trade Organisation Ord loses validity?

LAHORE: Former secretary commerce and member of Advisory Board Halal Expo Pakistan, Inamul Haq, has said the Trade Organisation Ordinance 2007 has los

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UN to uncover Benazir?s assassins: Zardari

ISLAMABAD: President Asif Ali Zardari Tuesday said he was committed to strengthening the institutions to make Pakistan into a strong and prosperous nation and never let it turn to a failed state.

Addressing a convention of the PPP office bearers from all districts of the country along with their spouses and children at the President House, President Zardari said, ?We will make a new Pakistan.?

?Pakistan Peoples Party has nurtured this country with its blood and will render all sacrifices to make it strong,? the President said.

Referring to a ?handful? of elements who were bent upon turning Pakistan into a failed state through their ?distorted vision? the President said ?we will not let it happen.?
President Zardari said the Party had come into power through elections but the remnants of dictatorship could not stomach it and were carrying out a vicious propaganda against the Party.

He said that Shaheed Mohtarma was assassinated as part of conspiracy against Pakistan, the Islamic world and the region.

He said that the UN investigations into her assassination had unnerved the conspirators who now saw the writing on the wall. The probe will unveil her assassins, he said. He urged the Party workers to be cautious and careful against the machinations of the conspirators.

Zardari said the history of PPP was replete with stories of courage, sacrifice and determination.

He recalled the prophetic words of Shaheed Mohtarma Bhutto on Dec 27, 2007 in Rawalpindi when she mentioned that the militants were taking over Swat but the PPP and the people would protect. He said Shaheed Mohtarma?s words had come true as the Party and the people reversed the tide in Swat and Malakand.

President Zardari said the PPP stood for egalitarianism, tolerance, democracy and constitutionalism.

He said the recent incident in Gojra where the minorities were vandalized by zealots struck at the root of tolerance and egalitarianism and warned that the full force of law will visit those who had taken the law into their own hands.

The President said the government will ensure protection to all minorities, and indeed to all citizens.

The President who began his speech with the slogans of ?Jeay Bhutto? and ?Pakistan khapay? welcomed the party workers to the Presidency of Shaheeds Zulfiqar Ali Bhutto and Benazir Bhutto.

He recalled that the late leaders refused to bow down to powers of tyranny, even though they had to sacrifice their lives.

The President said that it was always the desire of the Pakistan Peoples Party to strengthen judiciary.

The President it was his desire that the children of the PPP workers and leaders meet his children, who would be their future protectors and will serve them.

The huge ?pandal? decorated with the tri-color party flags burst into a spontaneous and prolonged applause of ?Jeeay Bhutto?, ?Zinda hai Bibi Zinda hai?, ?Har ghar sai Bhutto niklai ga, tum kitnai Bhutto marogai?, ?Jab tak suraj chand rahai ga, Bhutto tera nam rahai ga? and ?Benazir charon soobon ki zanjeer?, as the party leadership led by Chairman Bilawal entered.

The emotional slogans, recalled for many the sacrifices rendered by the party leaving many a eyes, including that of Chairman Bilawal moist with tears.

The convention was arranged to bring the rank and file of the party?s office bearers face to face with Party Chairman Bilawal, Co Chairman Asif Ali Zardari, Aseefa Bhutto Zardari and the top Party leadership.

The event was attended among others by Prime Minister Syed Yusuf Raza Gilani, Information Minister Qamar Zaman Kaira, Water and Power Minister Raja Pervaiz Ashraf, Sindh Chief Minister Qaim Ali Shah and provincial ministers.

The invitees included Presidents? vice Presidents, General Secretaries, Information secretaries and Secretaries Record and Events of all districts from Zhob to Chitral and from Karachi to Peshawar.

Prime Minister Yusuf Raza Gilani said the government was committed to bring about a meaningful change in the lives of the people.

?We vow to change the system in the light of the mission of Shaheed Mohtarma Benazir Bhutto so that no one is ground by the wheel of exploitation,? he said.

The Prime Minister also recounted the achievements of the present government following in the footsteps of Shaheed Mohtarma and the Party manifesto.

He recalled the tragic incident in Gojra and said incidents of target killing were part of a conspiracy to weaken the government.

?We will foil all such attempts that aim at creating chaos and unrest in the country,? he said.

He reiterated to turn Pakistan into a strong, vibrant, democratic country and urged the workers to forge unity amongst their ranks to help the government in tackling the challenges it was confronting.

He said Shaheed Mohtarma Benazir Bhutto laid down her life for the sake of the country and democracy and President Asif Ali Zardari exhibited his strong political acumen to strengthen the federation at a critical juncture.

Later talking to media, spokesperson to the President Farhatullah Babar said the Convention was the second open air moot in the Presidency in less than a month of Party workers and office bearers in which their spouses and children also participated to make it an unprecedented huge family get together.

Farhatullah Babar said that last month the Co-Chairman had invited three generations of the Party leadership to a gathering in the Presidency that was similarly attended by the Zardari children. In that meeting also the party leadership endorsed the new Party leadership.

Over one thousand Party workers, leaders and their families participated in the get together that lasted for over four hours.

Farhatullah Babar said Chairman Bilawal Bhutto was invited to the dais amid standing ovation as Jahangir Badar announced him as the ?real and undisputed leader of the Party?.

Bilawal Bhutto Zardari recalled the services and sacrifices of his mother and grandfather to the Party and the country and said that he too would not hesitate to offer any sacrifice for ameliorating the lot of the downtrodden people of the country.

Farhatullah Babar quoted Bilawal as saying, ?I want to see the children of Malakand get the same education and facilities of life as are available to children in Karachi, Lahore and Islamabad?

Bilawal described himself as ?the third generation of a world-wide family called the PPP?.

He said Bhutto was alive yesterday and he is alive today because of the courage and sacrifices of the workers.

Bilawal then asked the workers if Zulfikar Ali Bhutto and Shaheed Mohtarma had fulfilled their promises made to them.

Farhatullah Babar said that when the workers raised a deafening ?yes? Bilawal assured them that he too like his mother and grandfather will fulfill his promises.

?My grandfather, my uncles and my mother all sacrificed their lives for the cause and if need be I too will follow in the footsteps of my peers and not hesitate from making sacrifices.?

Chairman Bilawal Bhutto said ?let us not forget the hundreds of Party workers who laid down their lives on July 17, 2007 in Islamabad on Oct 19, 2007 in Karachi and on Dec 27, 2007 -, Rawalpindi and on many other occasions in the past in the struggle for democracy, rule of law and empowering the people.?

Today the present and the future of the Party meet at a critical juncture that enables us to carve out a new future that is shaped by the experience of the past and the hope of the future, he said.

At this point of time let us all pledge together to give hope to the people, Bilawal Bhutto Zardari said.

?I promise to give the people hope,? he said.

Bilawal said that the Party and workers will succeed in their mission and recalled the words of his mother,? we did not suffer that much, we did not come that far to fail?.

Asifa Bhutto Zardari said that her grandfather and her mother had made great sacrifices and so had the ordinary workers of the Party from Karachi to Khyber had mad unprecedented sacrifices for the cause of democracy.

She said that her mother wanted to make a difference and she made it.

?I too have a dream to make a difference,? she said and added that together we will build on the dream of my mother.

Asifa Bhutto said that her mother would be very happy on seeing this gathering of the large PPP family that she led for nearly three decades.

She said that she was proud of her father her mother and the Party. She said that she dreamt for a Pakistan that is free of exploitation, hypocrisy and bigotry.

The pandal burst into a thunderous applause when she concluded her speech with ?Tum kitnai Bhutto marogai, har ghar sai Bhutto niklaiga?.

Secretary General Senator Jahangir Badar who also acted as the stage secretary had to calm down the charged gathering of over a thousand workers whenever they burst into spontaneous sloganeering that continued almost unabated and without end.

Chairman Bilawal Bhutto Zardari, Co-Chairman Asif Ali Zardari, Prime Minister Yusuf Raza Gilani, Deputy Secretary General Raza Rabbani and Asifa Bhutto Zardari, Secretary General Jehangir Badar and Fauzia Wahab were seated on the dais, in front of a huge banner comprising of portraits of the party leaders.

The meeting also adopted a resolution expressing complete confidence in the Party leadership and vowing to continue the mission of Shaheed Mohtarma Benazir Bhutto.

Party workers and leaders vowed to uphold the legacy of Bhuttos and endorsed the leadership of Bilawal Bhutto Zardari as the new Chairman of the Party.

The meeting demanded that those behind the murder of Shaheed Mohtarma be unearthed and vowed that the party will never shy from rendering any sacrifice.

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CEC asks parties to submit accounts statements

PESHAWAR: Chief Election Commissioner of Pakistan Justice (R) Hamid Ali Mirza directed the political parties to submit the statements of their assets by August 29, Geo News reported Tuesday.

According to a press release issued here today, the CEC once again drawn attention of Political Parties to the provisions of Article 13 of the Political Parties Order, 2002 whereby it is provided that every political party shall submit to the Election Commission, within 60 days from the close of each financial year, a consolidated statement of accounts of the party, duly audited by a Chartered Accountant.

A certificate signed by the party leader must accompany the statement of accounts stating that no funds from any source prohibited under the Political Parties Order, 2002, were received by the party; and the statement contains an accurate financial position of the party.

Prescribed printed forms are available free of cost at the Election Commission Secretariat, Islamabad and in the offices of Provincial Election Commissioners, Punjab, Sindh, N.W.F.P. and Balochistan.

It may be added here that in terms of Article 14 of the Political Party Order, 2002, a party, which fails to submit its statement of accounts under Article 13, will not be eligible to obtain election symbol for contesting elections for Majils-e-Shoora (Parliament) and Provincial Assemblies.

The statements are required to be delivered to the Secretary, Election Commission of Pakistan in the Election Commission Secretariat, Constitution Avenue, G-5/2, Islamabad through an office-bearer of the party, duly authorized by the party leader.

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?Govt remained inactive during Gojra tragedy?

Karachi

In a press conference held at the Holy Trinity Church on Monday evening, Bishop Sadiq Daniel strongly condemned the brutal atrocities c

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Pakistan moves to outlaw domestic violence (AFP via Yahoo! News)

Pakistan moved towards outlawing domestic violence when lawmakers approved a bill Tuesday that will punish those found guilty of beating women or children with jail terms and fines.

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Prices of edibles go up by 25pc

LAHORE: The shopkeepers and citizens are extremely anxious, as the prices of daily-use commodities have soared up by 25 percent in Lahore even three weeks before the arrival of the holy month of Ramazan, Geo News reported Tuesday.

The prices of edibles have flown up at the local largest market of grain and kitchen items. Also, the price of various kinds of pulses including masoor, maash and lobia (black eyed beans) has gone up by Rs10 to 40/kilo.

The sugar price went up by Rs9/kg; while, black pepper, Coriander seeds (dried dhania), Cumin seeds (white zeera), turmeric (haldi) and black cardamom (big elaichi) also rose to Rs20 to Rs40/kg.

There is no sugar at Utility Stores after afternoon.

The people said this raise was made within a matter of only 15 days. The prices are feared to rise further as the holy month of Ramaz nears; however, the government is condoning the whole situation.

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