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Imran seeks indefinite postponement of disqualification case2017/06/23
ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan on Thursday requested the Election Commission of Pakistan (ECP) to indefinitely postpone the hearing of his disqualification case.
Chief Election Commissioner (CEC) Sardar Raza headed the four-member bench that heard PTI Chairman's foreign funding case, and Imran once again failed to submit his reply.
Sardar Raza said, "Election Commission has the powers to scrutinize the accounts details of PTI."
Imran Khan's Counsel Shahid Gondal presented Supreme Court's order of June 13 regarding the allegations of using prohibited sources before the commission, and took the stance that the apex court has listened to the arguments of ECP's lawyer, and has indefinitely postponed the case against Imran that was filed by Akbar S Babar.
Shahid Gondal further added that the applications of Akbar S Babar and Hashim Ali Bhutta are of same nature therefore, petition of Bhutta against Imran should also be indefinitely postponed.
Hashim Ali Bhutta's lawyer opposed the request made by Shahid Gondal, and stated that the petition of his client is totally different to that of Akbar S Babar's.
Sardar Raza remarked that, "The commission is ready to indefinitely postpone the case, but Imran Khan should first submit his reply to make his stance clear that whether he accepts the allegations that have been leveled against him, or rejects them. ECP will then take its decision of postponing the case." 
PTI Chief's lawyer requested the election commission to give his client some time to submit his answer. ECP accepted the request and gave him time till July 10 to provide the answer. 
Later talking to newsmen outside Election Commission, Babar said, "PTI is continuously avoiding submitting a reply to the Commission. Imran Khan has been collecting funds from overseas Pakistani in the name of change." - NNI

Five suspected facilitators held, illegal weapons seized2017/06/23
LAHORE: Operation Radd-ul-Fasaad is successfully underway throughout the nation as security forces have arrested five suspects involved in facilitation of terrorists from Mandi Bahauddin district.
A joint search operation was carried out by Punjab Rangers, Counter Terrorism Department, police and intelligence agencies in several areas of Mandi Bahauddin on Thursday ...

Indian troops martyr 4 more youth in IoK2017/06/23
SRINAGAR: Indian troops in their fresh act of state terrorism on Thursday martyred four youth in occupied Kashmir including a protester raising the death toll to 6 in the past two days. According to Kashmir Media Service (KMS), a 22-year-old civilian, identified as, Tauseef Ahmad Wani was killed and over 50 were injured in the firing of pellets and bullets by troops on a demonstration in Kakapora area of Awantipora ...

China FM to visit Islamabad to discuss Afghan peace: FO2017/06/23
ISLAMABAD: Foreign Office Spokesperson Nafees Zakariya on Thursday said that Chinese Foreign Minister Wang Yi is visiting Islamabad this weekend to discuss matters pertaining to peace and stability in Afghanistan.
At his weekly news briefing in Islamabad, he said, "Pakistan, China and some other countries are cooperating closely for peace and reconciliation in Afghanistan."
Nafees Zakariya said, "During the visit both the sides will also review the bilateral relations."
When asked about the Afghan opposition to fencing along the border, the Spokesperson noted that, "Effective border management is necessary to stem cross border movement of terrorists and facilitate the movement of people and trade goods. In addition, he said Pakistan is carrying out the fencing on its side of the border."  
To a question, the Spokesperson said, "There had been visits from Pakistan to Afghanistan in the recent past including that of the parliamentary delegation."
He said, "Prime Minister Nawaz Sharif and Afghan President Ashraf Ghani during their meeting at the sidelines of Shanghai Cooperation Organization (SCO) Summit had also agreed to use the Quadrilateral Coordination Group and bilateral channels to promote peace and reconciliation in Afghanistan. We will therefore welcome visits from Afghan side."
Responding to a question that the US reportedly plans to review its policy towards Pakistan, the Spokesperson said, "Pakistan attaches great importance to its relations with the United States which are longstanding."
He said, "We believe continued cooperation between the two countries is critical for promoting peace and security in the region and beyond. Pakistan is carrying out operations against terrorists without any discrimination. These operations are driven by the national interests." 
He said, "The country will not allow its land used against any other country. Pakistan's position on US drone strikes is very clear. These attacks are counterproductive and amount to violation of Pakistan's sovereignty."-NNI

Institutional buying helps market stay bullish2017/06/23
KSE-100 Index sees another bullish day closing higher by 858 points

Ghulam Raza Rajani

KARACHI: Market carried on from where it left the previous day as an across the board positivity was seen. Institutional buying helped market kickoff positively. Boom in international oil prices helped local oil scrips to stay in limelight. Oil sectors supported market to stay on positive track.
The benchmark KSE-100 index closed up by 857.85 point to close at 46,332.31 points. KSE All Share Index increased by 473.64 to end at 32,247.00, KSE 30-Index improved by 503.53 points to conclude at 24,176.05, whereas KMI 30-Index enhanced by 1,628.26 points to finish the day at 78,999.49 levels.
Ali Raza at Elixir Securities said Pakistan Equities extended gains and closed last working day of the week before long Eid holidays positive with benchmark KSE100 Index surging +1.9% and closing above 46,300 level. Market kicked off on a positive note and increased steadily during the day as notable index names across major sectors inched upwards on healthy institutional buying where Habib Bank HBL PA +2.8%, Lucky Cements LUCK PA +4.3%, Engro Corp ENGRO PA +3.4%, Fauji Fertilizers FFC PA +5% and Dawood Hercules DAWH PA +5% landed themselves among the top five movers. Moreover, K-Electric KEL PA +2.2% closed higher and dominated volumes chart after churning most volumes since early February. Another highlight was Amreli Steels ASTL PA +5% hit upper price limit after National Tariff Commission confirmed 24% anti dumping duty on import of Chinese steel billets. Market next week will be guided by multiple factors including direction of FI flows and global crude performance while politics will remain a drag with investors closely following developments on Panama case investigation against Premier's family. Pakistan market will remain closed from Friday June 23rd to Wednesday June 28th. We will revert to normal trading hours from Thursday June 29th, 2017.
The advance to decline ratio in the broader market remained in favour of bulls. Out of 383 scrips, 259 scrips advanced, 106 declined while the value of 18 scrips remained intact.
The ready market volume decreased by 14.89 per cent to 294.87 million shares as compared to 346.47 million shares traded on last trading day.
K-Electric Limited topped the list of actives, higher by Rs 0.15 at Rs 7.00 on 68.23 million shares, followed by TRG Pakistan Limited decreased by Rs 0.65 at Rs 42.07 on 15.76 million shares and Engro Polymer Limited up by Rs 0.98 at Rs 39.71 on 13.03 million shares.
Other actives were Bank of Punjab ascended by Rs 0.24 at Rs 11.05 on 9.93 million shares and Aisha Steel Mills Limited declined by Rs 0.14 at Rs 21.45 on 8.96 million shares.
The overall market capitalization enhanced by Rs 138.31 billion to Rs 9.417 trillion against Rs 9.279 trillion observed on last trading day.
Millat Tractors Limited and Hinopak Motor Company Limited remained the top gainer by Rs 63.03 and Rs 49.58 close at Rs 1,399.07 and Rs 1,370.83 respectively, while Rafhan Maize Pakistan Limited and Honda Atlas Cars were the major losers which lost Rs 250.00 and Rs 31.46 to close at Rs 6,850.00 and Rs 827.66 respectively.

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