Wednesday, March 27, 2013

Lakson Investments :: Experience

What Sets Us Apart

Experience:
  • The Sponsors of Lakson have been managing 6 publicly quoted companies and several private companies (some of which are Joint Ventures with Fortune 500 companies) for over 50 years.
  • The Sponsors of Lakson have been managing over PKR 1 billion in retirement funds for group companies as part of their fiduciary responsibilities as Trustees.
  • The Investment Team at Lakson Investments has over 85 years of combined investment management experience.
  • All of our group companies have been founded and organically grown by our founders and principals.

Reputation:
  • Lakson is one of the most widely respected and diversified business groups operating in the country today.
  • We have long-standing affiliations with several Global Fortune 500 companies.
  • The Sponsors of Lakson have a proven history of paying dividends and royalties through the companies they manage.
  • As a part of the Lakson umbrella, LI has a responsibility to protect and reinforce Lakson’s corporate legacy.

Integrity and Independence:
  • In our successful exit from the tobacco industry, by selling Lakson Tobacco to Philip Morris International, the Sponsors earned the same price per share for their 50.1% controlling stake as minority shareholders earned.
  • Lakson does not directly or indirectly own or operate a brokerage firm or bank which we see as a conflict to investor’s interest.
  • Lakson Investments does not engage in proprietary trading.
  • Investment management is a team driven process carried out by the Investment Committee which is comprised of our senior most investment professionals.
Our experience, reputation, and commitment to integrity and independence not only set us apart, they are what drive us to succeed. We are acutely aware of the reputational risk the entire group will shoulder if we do not manage to perform at the highest level or put the interests of our investors first.

Thursday, March 21, 2013

Gary Wright Should the London Stock Exchange buy NYSE Euronext?

One of the surprise corporate deals at the
end of last year was ICE purchase of the NYSE Euronext. Most surprising because
on the face of it this deal looks unbalanced and does not perfectly fit into
eithers business. So why the deal?
The only time we find deals of this type is
when there is an ultimate plan and business wise and economically that normally
entails a break up and sell offs. It is of course all conjecture and nothing has
been said or indicated that break up plans are in process, but such situations
provide ample ammunition for speculation on what might be afoot.
So let's play a speculative game and see if
we can't build a financial and economic plan for ICE to make a profit and
benefit their business prospects long term.
What if ICE sells NYSE Euronext equities
business to the market? Would they establish NYSE Euronext as a standalone
business and be effectively a management buyout or sell it into the global stock
exchange market?
Of the Stock Exchanges, which would be the
most likely? Deutsche Börse, TMX and the London Stock Exchange would be my front
runners, with a Far East Exchange wishing to get into the global stock exchange
business being second, along with any of the Arab states.
I do not believe that the Deutsche Börse has
the existing structure or capability to integrate NYSE Euronext into their
vertical structure. TMX has far too many internal market issues, which managed
to scupper the merger with the London Stock Exchange last year. The Arabs are
unlikely to be able to incorporate much of the needed businesses of a modern
stock exchange under their religious laws and the Chinese might see this type of
deal as being too early in the financial revolution they are undergoing. So the
London Stock Exchange looks to me to be the favourite, for these
reasons:
The London Stock Exchange has purchased a
major stake in LCH and is moving back into the post-trade business. NYSE
Euronext has been spending huge amounts building their internal clearing house
in part because of the London Stock Exchange /LCH deal. LSE buying the NYSE
Euronext equities business would stop the internal clearing house development
and keep the business in LCH. This immediately saves money on the NYSE Euronext
balance sheet and increases the value of the LSE purchase of LCH.
The potential of a joined up NYSE Euronext
and London Stock Exchange would create the world's largest international
equities market and attract massive interest in listings and of course
investment dealing and electronic trading operations. Liquidity would be
enormously enhanced and the cost of transacting could plummet. The potential to
cross-subsidise and cross-collateralise would equally be of tremendous benefit
to international investing and trading operations.
There could also be synergies introduced on
regulatory reporting and cross Atlantic harmony of compliance. This would surely
attract the attention and I am sure the support of governments, as a Pan
Atlantic Exchange of global dimensions could have long-term real economic
benefits.
This is of course just speculation on my
part, but I seem to have a gut feeling about some things. So is this a great
idea or what?

KSE benchmark index improves by more than 60 points

Karachi Stock Exchange’s benchmark 100 index further recovered Wednesday and improved by more than 60 points on institutional buying, dealers said.


Amidst discussions on candidates for prime minister and chief minister Sindh, investor confidence grew and they participated in the buying activity, they said.

Ahsan Mehanti, an analyst at Arif Habib Corp, said that the market recorded positive activity but investors were concerned about cases pending in the Supreme Court regarding the communication sector and telephone operators were summoned.

“The market remained bullish on hopes of a new government and new prime minister that can improve policies,” he said.

The KSE-100 index increased by 60.6 points or 0.34 percent to 17,753.97 points against 17,693.37 points recorded in the last session. The index at one time during the intraday session reached the level of 17,768.64 points while the lowest level of the day was recorded at 17,672.58 points.

The KSE-30 index also improved by 61.68 points or 0.43 percent to 14,245.20 points in the session against 14,183.52 points recorded in the last session.

Although the market remained positive, turnover and trading value improved but total market capital declined. Turnover improved by 103 million shares to 265.88 million shares from 162.50 million shares whereas value increased to Rs7.59 billion against Rs5.27 billion. Market capital declined to Rs4.362 trillion against Rs4.367 trillion recorded in the last session.

Zafar Moti, an analyst and senior member of the KSE, said the market went up along with volumes while institutional buying was also witnessed in third tier stocks. “Political uncertainty is easing and the market is ready to go again at the 18,000-mark,” he said.

Samar Iqbal, senior manager equity sales Topline Securities (Pvt) Ltd said mainly led by Engro Corp, Muslim Commercial Bank and DG Khan Cement local bourse increased. “However, the telecom sector witnessed selling pressure as investors trimmed their portfolio after the news that the Supreme Court has suspended a Sind High Court stay order against the CCP hearing on international calling rates,” she said.

The highest increase was recorded in the shares of Rafhan Maize XD, which increased by Rs91.5 to Rs3,750 per share followed by National Foods XD that rose by Rs10.28 to Rs303 per share. Major decline was noted in shares of Unilever Pak, which fell by Rs208.5 to Rs10,700 per share followed by Colgate Palmolive that declined by Rs91.6 to Rs1,740.4 per share.

Significant turnover was recorded in stocks of Lafarge Pakistan, Pakistan Telecommunication Company Limited, TRG Pakistan Ltd, Telecard Limited and DG Khan Cement. Lafarge Pakistan remained the volume leader with 43.72 million shares with an increase of 59 paisas to Rs6.59 per share; it was followed by the PTCL with 28.76 million shares with a decline of 66 paisas to Rs19.65 per share.

Shares turnover in the futures market increased to 29.42 million shares from 17.05 million shares traded in the previous session.

Of a total of 327 companies’ stocks traded, 168 advanced, 136 declined and 23 remained unchanged.

Rafhan Maize Rs91.50

Closing Rs3,750.00

National Food Rs10.28

Closing Rs303.00

Exide Pak Rs9.41

Closing Rs356.41

Unilever Pak Rs208.50

Closing Rs10,700.00

Colgate Palm Rs91.60

Closing Rs1,740.40

Clariant Pak Rs6.80

Closing Rs243.20

Map of Punjab

Map of Punjab (Pakistan), Elections 2013

Result at a Glance National Assembly Election 2008 :: Same Constituency in Election 2013

Result at a Glance National Assembly Election 2008 :: Same Constituency in Election 2013

Monday, March 18, 2013

Passport :: Fee Structure, Validity, Types

Passport :: Fee Structure, Validity, Types

Types of Passport

Types of Passport


The Passport Act, 1974 and Passport and Visa Manual 1974 regulate the issuance of passports. There are three types of passports being issued in Pakistan:-



* Oridinary.

* Diplomatic.

* Official.









Ordinary Passport



Ordinary Machine Readable Passport is issued to all citizens of Pakistan. read more...









Diplomatic Passport



Diplomatic passports are issued by the Ministry of Foreign Affairs, Pakistan; to the Diplomats and other entitled categories in pursuance of Para-45 of Passport & Visa Manual, 2006.









Official Passport



Official passports are issued to Pakistani Nationals who are Senators, MNAs, Provincial Ministers, Judges of the Supreme/High Courts, Officers serving with the Governments proceeding abroad on official assignments etc. in pursuance of Para-9 of Passport & Visa Manual, 2006.





National Database & Registration Authority (NADRA) :: Introduction

National Database & Registration Authority (NADRA) has gained international recognition for its success in providing solutions for identification, e-governance and secure documents that deliver multi-pronged goals of mitigating identity theft, safe-guarding the interests of our clients, and facilitating the public. In-depth Research and Development efforts have enabled NADRA to become the trailblazer in the area of Software Integration, Data Warehousing, Network Infrastructure Development and Project Management.




NADRA set out on the journey of Civil Registration of all Pakistanis in March 2000 and in a short span of time NADRA’s team indigenously created a state of the art centralized Data Warehouse, Network Infrastructure and Interactive Data Acquisition Systems to issue secure Computerized National Identity Cards (CNIC). With the introduction of this new fool-proof, comprehensive and highly sophisticated computerized system, NADRA has been successful in reducing the identity theft to a bare minimum. NADRA prides itself on one of the largest centralized databases in the world. This highly secure and intelligent National Data Warehouse is the central hub of NADRA’s extraordinary strength and growth in the last 8 years. NADRA’s National Data warehouse hosts the data of over 96 million citizens and runs various Transaction Processing, Business Intelligence and Decision Support applications. Operating on international standards and models, NADRA has also developed a comprehensive supply chain, developing understandings with worldwide technology developers & resellers that give us access to state-of-the-art technologies and also enable us to assist clients in acquiring the best value for money in the market.





NADRA proudly employs a highly skilled workforce of more than 11,000 technical and management personnel, who contribute to register more than 96 million citizens and print more than 95 million Computerized National Identity Cards. To achieve this gigantic landmark NADRA has developed 365 Multi-biometric Interactive Registration Centers and deployed 189 mobile vans to register citizens living in far-flung areas, with a motive to provide quality service and comfort.

During this short span of time, NADRA has gained significant international recognition. ID World, organizers of the ID Card & Electronic Passport Forum have ranked NADRA as one of the World’s Top 50 Suppliers of e-Passport Technology for 04 years running.

NICOP Delivery Time and Fee Structure for Different Zone

NICOP Delivery Time and Fee Structure for Different Zone upto 18-03-2013

NADRA Products Fee Structure and Delivery Time

NADRA Products Fee Structure and Delivery Time upto 18-03-2013

NICOP Tracking from your desktop / handheld

NICOP Tracking from your desktop / handheld


http://www.nadra.gov.pk/index.php/search/tracking

Saturday, March 16, 2013

Justice (R) Nasir Aslam Zahid :: Candidate for Caretaker Prime Minister

The Honourable Justice (R) Nasir Aslam Zahid (Urdu: ناصر اسلم زاہد‎; born 3 February 1935, Barrister-at-Law, is one of the most respected names of Pakistani judiciary. Son of the first Governor of the State Bank of Pakistan Mr. Zahid Hussain, Nasir Aslam Zahid has remained the Chief Justice of the Sindh High Court and then a judge of the Federal Shariat Court of Pakistan and Supreme Court of Pakistan. He gained more honour and respect when he resigned from the Supreme Court of Pakistan instead of taking oath of the office according to Gen. Pervez Musharraf's Provisional Constitutional Order (PCO).


Justice Nasir matriculated from Karachi's St Patrick's High School, did his BA at Government College Lahore and went on to University of Cambridge (Fitzwilliam House) to study law and gain an Honours Degree. In 1956 he was called to the Bar from the Middle Temple.

Barrister Zahid enrolled as an advocate of the Sindh High Court in 1957, and of the Supreme Court in 1962. He was elevated to the Bench of the SHC as an Additional Judge in 1980, and in 1983 was made a permanent judge. The second of the Pakistan Peoples Party government temporarily removed him from the Bench in 1988 to send him off on deputation as the federal law secretary, a post he held until June 1990 when he returned to the SHC. From January 1991 to the end of April of that year he moved to the Supreme Court as an ad hoc Judge. He had several spells acting as Chief Justice of Sindh, during the absence of the sitting Chief Justice, and in May 1992 took over as permanent Chief Justice. By 1994, Justice Zahid s independence could be tolerated no more by the harsh law enforcement agencies, backed by the executive. A relief-giving judge, he afforded no quarter to the agencies or the government prosecuting authorities. He was moved to the Federal Shariat Court on April 16 of that year, without his consent, for a period of two years. A tribute to the man. By right and according to the Supreme Court judgement of March 20, in April of this year he should have returned to the SHC to resume the chief justiceship. But, he was instead elevated as a permanent judge of the Supreme Court. However, he continued his contribution towards the dispensing of justice to the people of Pakistan up to the year 2000, and resigned from the Supreme Court of Pakistan instead of taking oath of the office according to Gen. Pervez Musharraf's Provisional Constitutional Order (PCO), which would have required the judges never to find illegality in the new government, no matter its actions.

MQM proposes Justice (R) Nasir A. Zahid, Dr. Ishrat Hussain for Interim PM post

Parliamentary Leader of the Muttahida Qaumi Movement (MQM), in the National Assembly, Dr. Farooq has proposed the names of Justice (Retd), Nasir Aslam Zahid and Dr. Ishrat Hussain for the Interim Premiership.
This was stated in letter signed by Dr. Farooq Sattar whose copy was circulated here on Friday.
Dr. Farooq Sattar has also sent his proposal to the Leader of Opposition in the National Assembly, Chaudary Nisar Ali Khan through the letter on Friday.

Ishrat Hussain :: Candidate for Caretaker Prime Minister

Ishrat Husain is a Pakistani banker and economist, who is the Dean and Director of the Institute of Business Administration, Karachi. Dr. Ishrat was the Governor of the State Bank of Pakistan, Pakistan's Central bank from 2 December 1999 to 1 December 2005. He also lead the National Commission for Government Reforms for two years from May 2006.

Husain holds a Masters degree in Development Economics from Williams College and a Ph.D in Economics from Boston University. He is a graduate of the Executive Development Program jointly sponsored by Harvard, Stanford and INSEAD.

He joined the elite Civil Service of Pakistan in 1964 and served in the field and also held mid-level policy making positions in the Finance, Planning and Development departments before moving to Washington in 1979 to join the World Bank as an Economist in West Africa Programs Department. He became the Bank’s Resident Representative to Nigeria in 1983 and led the Bank’s team that assisted Nigeria in formulating its first ever structural Adjustment program in 1986. On his return to headquarters, he headed the Bank’s Debt and International Finance Division and contributed to the development of Bank’s strategy that led to World Bank and International Monetary Fund’s (IMF) participation in the Brady Initiative for Debt Reduction. As Chief Economist for Africa between 1991–94 and later as Chief Economist for East Asia and Pacific Region he guided and supervised the Bank’s analytical work on the countries in these regions. In 1997 he was named the Country Director for Central Asian Republics and managed the World Bank’s relations, programs and policies with these countries. Earlier, he was the director of Poverty and Social Policy Department. He was responsible for the Bank's policies and strategy development in such areas as Poverty Reduction, Gender Relations and Dynamics, NGOs, and Reform within the Public Sector. He was the Chairperson of the Public Sector Group.

Dubai Miracle Garden






Cool Places to See Flowers: Dubai Miracle Park







Growing flowers in the desert is no easy feat, especially in the scorching heat and dry conditions. It must have took a miracle to created the Dubai Miracle Park, where 45 million flowers were planted!
If you visit the park in person, you will see why the 721 000 sq ft outdoor recreational park has been dubbed the “World’s Most Beautiful and Biggest Natural Flower Garden.” The spectacular display of flowers and sculptures throughout the garden is just incredible! There isn’t anything quite like it-rows upon rows of brightly coloured flowers transform the lifeless desert into a beautiful, awe-inspiring oasis!
There is a massive flower covered perimeter wall, which is vying for the title of the world’s longest flower wall in the Guinness Book of Records; arched pathways and sculptures in all shapes and sizes covered in flowers, 10 metre high pyramids, vintage car planters and so much more! The amount of flowers is almost overwhelming!

Dubai Miracle Garden Unveiled Now in AED 20 only











Dubai Miracle Garden Unveiled Now in AED 20 only

Pakistan Parliament Last Session Group Photo




Pakistan Parliament Last Session Group Photo Historic Moments

Samsung Galaxy S4 Specifications

Also available with Qualcomm Snapdragon
600 chipset (Quad-core 1.9 GHz Krait 300
CPU, Adreno 320 GPU).

GENERAL

2G Network GSM 850 / 900 / 1800 / 1900
3G Network HSDPA 850 / 900 / 1900 / 2100
4G Network LTE (market dependent)
SIM Micro-SIM
Announced 2013, March
Status Coming soon. Exp. release 2013, April
26th
BODY Dimensions 136.6 x 69.8 x 7.9 mm (5.38 x 2.75 x
0.31 in)
Weight 130 g (4.59 oz)
DISPLAY Type Super AMOLED capacitive touchscreen,
16M colors
Size 1080 x 1920 pixels, 5.0 inches (~441 ppi
pixel density)
Multitouch Yes
Protection Corning Gorilla Glass 3
- TouchWiz UI
SOUND Alert types Vibration; MP3, WAV ringtones
Loudspeaker Yes
3.5mm jack Yes
MEMORY Card slot microSD, up to 64 GB
Internal 16/32/64 GB storage, 2 GB RAM
DATA GPRS Yes
EDGE Yes
Speed HSDPA, 42.2 Mbps; HSUPA, 5.76 Mbps;
LTE, Cat3, 50 Mbps UL, 100 Mbps DL
WLAN Wi-Fi 802.11 a/b/g/n/ac, dual-band,
DLNA, Wi-Fi Direct, Wi-Fi hotspot
Bluetooth Yes, v4.0 with A2DP, EDR, LE
NFC Yes
Infrared port Yes
USB Yes, microUSB v2.0 (MHL), USB On-the-
go, USB Host
CAMERA Primary 13 MP, 4128 x 3096 pixels, autofocus,
LED flash
Features Dual Shot, Simultaneous HD video and
image recording, geo-tagging, touch focus,
face and smile detection, image
stabilization, HDR
Video Yes, 1080p@30fps, dual-video recording
Secondary Yes, 2 MP, 1080p@30fps, dual video call

FEATURES

OS Android OS, v4.2.2 (Jelly Bean)
Chipset Exynos 5 Octa 5410
CPU Quad-core 1.6 GHz Cortex-A15 & quad-
core 1.2 GHz Cortex-A7
GPU PowerVR SGX 544MP3
Sensors Accelerometer, gyro, proximity, compass,
barometer, temperature, humidity,
gesture
Messaging SMS(threaded view), MMS, Email, Push
Mail, IM, RSS
Browser HTML5, Adobe Flash
Radio TBD
GPS Yes, with A-GPS support and GLONASS
Java Yes, via Java MIDP emulator
Colors White Frost, Black Mist
- Wireless charging (market dependent)
- S-Voice natural language commands and
dictation
- Smart stay, Smart pause, Smart scroll
- Air gestures
- Dropbox (50 GB storage)
- Active noise cancellation with dedicated
mic
- TV-out (via MHL A/V link)
- SNS integration
- MP4/DivX/XviD/WMV/H.264/H.263
player
- MP3/WAV/eAAC+/AC3/FLAC player
- Organizer
- Image/video editor
- Document viewer (Word, Excel,
PowerPoint, PDF)
- Google Search, Maps, Gmail,
YouTube, Calendar, Google Talk, Picasa
- Voice memo/dial/commands
- Predictive text input (Swype)
BATTERY Li-Ion 2600 mAh battery

Samsung Galaxy S IV

The Samsung Galaxy S4 is here. One of
the most anticipated handsets in a while,
Samsung took the wraps off the device at
a glittering event at New York's famous
Radio City Music Hall.
Check out our full Hands on: Galaxy
S4 review for our first impressions
of the device.
For those who weren't lucky enough to
get into Radio City Music Hall, Samsung
also gave fans a chance to join the live
stream from Times Square.
Needless to say the likes of the HTC
One , Sony Xperia Z and the now aging
iPhone 5 have some pretty meaty
competition, so here's our complete
lowdown on the new handset.
But if you're more interested in checking
out how the S4 runs against the
competition, here's our fist fight
between the devices: Samsung Galaxy S4
vs Sony Xperia Z vs HTC One vs iPhone 5
vs Lumia 920

Thursday, March 14, 2013

Abdul Hafeez Shaikh

Abdul Hafeez Shaikh is a Pakistani political economist and technocrat who served as the 20th Finance Minister of Pakistan in the government of Prime Minister Yousaf Raza Gillani

Hailing from Jacobabad, Sindh Province of Pakistan, Shaikh educated and earned doctorate from the Boston University in the United States, and has authored books on Privatization initiatives and support for capitalism. Served professor at the Harvard University, Shaikh associated his services with the World Bank, and served as the director of economics operations of World Bank in Saudi Arabia throughout the 1990s. Following the dismissal of government of Prime minister Nawaz Sharif, Shaikh returned to Pakistan in 1999 and served in the provisional government of Sindh. In 2003, he was brought up to national politics by Prime minister Shaukat Aziz[1] and was the second minister of privatization in the government of Shaukat Aziz, oversaw the successful execution of privatization programme of Aziz in the country.[1]

In 2010, he was appointed as finance adviser by Prime minister Yousaf Raza Gillani but later upgraded to minister after securing his mandate from Jacababad constituency. Since then, he has been directing the economical and financial institutions of the country. In 2012, he became an active member of Pakistan Peoples Party and successfully contested in the 2012 senate elections. Shortly after presenting the federal budget on June 3, a petition was filed in the Supreme Court, alleging that Shaikh holds a dual nationality an allege, if proven true, may disqualified Shaikh from the finance ministry and senate as well.

New Caretaker Prime Minister of Pakistan

Dr. Abdul Hafeez Sheikh will be new caretaker Prime Minister of Pakistan in my prediction.

Roman Catholic Church Looks to the New World :: The New Pope

The Roman Catholic Church's leaders elected their new pope Wednesday in a day that was rich in ritual but broke with tradition—placing the world's 1.2 billion Catholics under the direction of a Jesuit from the New World, both firsts in Christianity's 2,000-year history.
Argentina's Cardinal Jorge Mario Bergoglio, the 76-year-old archbishop of Buenos Aires, emerged on the balcony of St. Peter's Basilica here Wednesday evening and was introduced as Pope Francis. A crowd of more than 100,000 pilgrims in the square below sounded cheers of "Viva il Papa" as he urged a "great fraternity" for the global church.
His election places the church under the leadership of a man who is known less as an educator or intellectual, as was his predecessor, than as a humble and mild-mannered shepherd of his flock. The choice of a man who has shunned the lofty trappings of a cardinal and has spent relatively little time in the corridors of the Vatican is likely to have broad resonance at a time when Catholicism has been losing credibility and followers in many parts of the world.

Argentina's Bergoglio elected as new Pope Francis

Jorge Mario Bergoglio of Argentina was elected in a surprise choice to be the new leader of the troubled Roman Catholic Church on Wednesday, taking the name Francis I and becoming the first non-European pontiff in nearly 1,300 years.

Pope Francis, 76, appeared on the central balcony of St. Peter's Basilica just over an hour after white smoke poured from a chimney on the roof of the Sistine Chapel to signal 115 cardinal electors had chosen him to lead the world's 1.2 billion Roman Catholics.
"Pray for me," the new pontiff, dressed in the white robes of a pope for the first time, urged a crowd of tens of thousands of people waiting in the square below.
The choice of Bergoglio, who is the first Latin American and first Jesuit pope, was announced by French cardinal Jean-Louis Tauran with the Latin words "Habemus Papam" ("We have a pope.")
Francis has became the 266th pontiff in the Church's 2,000-year history at a time of great crisis, with the church under fire over a child sex abuse scandal and torn by infighting in the Vatican bureaucracy.
Although a conservative theologically, Francis is known for his concern for the poor and is expected to bring a radical change of style to the Church leadership, indicated by his choice for the first time of the name of St Francis of Assisi, who died in 1226 after living a life of poverty and simplicity.
He immediately showed the difference from his predecessor Benedict, an aloof theologian, with a gesture of humility, asking the waiting crowd to bless him before he blessed them.
Bergoglio shunned the papal limousine after his appearance on the balcony and chose to take a shuttle bus with other cardinals back to the Vatican residence where they are staying, for an evening meal.
Bergoglio is known as a humble man who leads an austere and sober life without ostentation, travelling by public transport and living in a small apartment outside Buenos Aires.
He is willing to challenge powerful interests and is deeply concerned about the social inequalities in Argentina and elsewhere in Latin America. He has had a sometimes difficult relationship with President Cristina Fernandez and her late husband and predecessor Nestor Kirchner.
Francis has spoken out strongly against gay marriage, denouncing it in 2010 as "an attempt to destroy God's plan".
ARGENTINES JUBILANT
Jubilant Argentines poured into churches, some crying and praying, after the announcement at the Vatican. "This is a blessing for Argentina," one woman shouted on a Buenos Aires street.
"I hope he changes all the luxury that exists in the Vatican, that he steers the church in a more humble direction, something closer to the gospel," said Jorge Andres Lobato, a 73-year-old retired state prosecutor.
The election was enthusiastically welcomed elsewhere in Latin America too.
"We're happy because we have a new pope and because the choice of a Latin American shows that the Church is opening, is now focused on the entire Church. It's not just a church only focused on Europe," said Leonardo Steiner, general secretary of the national conference of Brazilian bishops.
Francis was not among the small group of front runners identified before the election. The Jesuit order to which he belongs was founded in the 16th century to serve the pope. It is best known for its work in education and the intellectual prowess of its members.
The monks at the convent of St. Francis in Assisi were overjoyed at the election of Bergoglio and his decision to take the name Francis for a pontiff for the first time.
"St. Francis still points to the path of humility and evangelical simplicity," said the abbot, Father Mauro Gambetti.
Italian theologian Massimo Faggioli told Reuters: "I don't expect him to change on doctrine, but he is a more pastoral person. It seems that this pope will be more aware of what life is all about."
Faggioli, a professor at the University of St. Thomas in Minneapolis, added: "He will have more room to make his message heard than Benedict did. The papacy needs to have an audience more open to listen to what the pope says. He is not an outsider. He didn't present himself as a reformer with hatchet in hand."
Bergoglio was born into a middle-class family of seven, his father an Italian immigrant railway worker and his mother a housewife.
Replacing Pope Benedict, who resigned last month, he overturned one of the main assumptions before the election, that the new pope would be relatively young.
Bergoglio is the oldest of most of the possible candidates and was barely mentioned in feverish speculation about the top contenders before the conclave.
He is the first non-European pope since Syrian-born Gregory III in the eighth century, and the third successive non-Italian pontiff.
The Vatican said his inaugural mass would be on March 19.
U.S. President Barack Obama said the election of Francis "speaks to the strength and vitality of a region that is increasingly shaping our world."
"PRAY FOR BENEDICT"
In brief remarks from the balcony of St. Peter's, Francis called on the faithful to pray for Benedict and said the Church was setting off on a "journey of fraternity, of love, of trust".
It seemed the cardinal electors "went to the end of the world" to find him, he said.
The Vatican said Francis would visit Benedict soon at his temporary home in the summer papal residence outside Rome.
Thousands of people sheltering from heavy rain under a sea of umbrellas had occupied the square all day to await the decision and the crowd swelled as soon as the white smoke emerged.
They cheered wildly and raced towards the basilica as the smoke billowed from a narrow makeshift chimney and St Peter's bells rang.
The tens of thousands in the square cheered even more loudly when Francis appeared, the first pontiff to take that name. "Viva il Papa (pope)," they chanted.
Front runners at the conclave had included Brazilian Odilo Scherer, and Italy's Angelo Scola, who would have returned the papacy to traditional Italian hands after 35 years of the German Benedict XVI and Polish John Paul II.
The decision by cardinal electors sequestered in a secret conclave in the Sistine Chapel came sooner than many experts expected because there were several front runners before the vote to replace Pope Benedict.
The cardinals faced a thorny task in finding a leader capable of overcoming crises caused by priestly child abuse and a leak of secret papal documents that uncovered corruption and rivalry inside the Church government or Curia.
Francis will head a Church also shaken by rivalry from other churches, the advance of secularism, especially in its European heartland, and allegations of scandal at the Vatican bank.
The series of crises is thought to have contributed to Benedict's decision to become the first pontiff in 600 years to abdicate.
RIVAL TO RATZINGER IN 2005
Bergoglio was a moderate rival candidate at the 2005 conclave to the conservative Cardinal Joseph Ratzinger, who went on to become Benedict.
Italian media say he impressed cardinals in pre-conclave meetings where they discussed the Church's problems.
Reserved and humble, Francis does not fit the profile of an active preacher that many cardinals had previously said they were seeking. He studied chemistry before joining the priesthood nearly a decade after losing a lung to respiratory illness.
The secret conclave began on Tuesday night with a first ballot and four ballots were held on Wednesday. Francis obtained the required two thirds majority in the fifth ballot.
The previous four popes were all elected within two or three days.
In preparatory meetings before the conclave, the cardinals seemed divided between those who believe the new pontiff must be a strong manager to get the dysfunctional bureaucracy under control and others who are looking more for a proven pastoral figure to revitalize their faith across the globe.
Apart from Brazil's Scherer and Italy's Scola, a host of other candidates from numerous nations had also been mentioned as potential popes - including U.S. cardinals Timothy Dolan and Sean O'Malley, Canada's Marc Ouellet and Argentina's Leonardo Sandri.
But the front runners' list never mentioned Bergoglio.

Wednesday, March 13, 2013

Pop Elected

New Pop Elected... Who may b?

Sunday, March 10, 2013

Jia Ali

Jia Ali was born in 1972 in Christian family
in Lahore, Punjab . She has four other
brothers. Her brother, Munna Mushtaq, is
a fashion photographer. Her father
Saleem Abbas resides in slough, UK.
Gia Ali began her modelling career in 1991 at
the age of nineteen after being
discovered while working at a beauty
parlor. She modelled for a Wrangler Jeans
commercial and walked the ramp at
Wrangler's fashion shows . She was then
approached by members of Lollywood ,
the Pakistani film industry. [when?] She
was introduced to producer Sajjad Gul in
Islamabad , and he signed her to play a
role in Deewane Tere Pyar Ke. Following
the success of the film, Ali acted in
several movies that consolidated her
position as a Lollywood actor, while she
continued to travel between Lahore and
Karachi for modelling assignments.

Malik Naureed Awan and MMA Group of Companies Exposed as Scam in Pakistan

The owner of MMA Airlines and many
other companies such as the name of
MMA have been exposed to be fraud. It
is being claimed by TV channels that the
owner Malik Naureed Awan is an
international fraudster who has fled
dubai due to his illegal work.
If you got a chance to be in Islamabad
over the recent months, you must have
seen excessive advertisement of MMA
forex, MMA Bank and MMA Airlines on
every major road.
A 26-year-old Pakistani businessman
from Abbottabad, Malik Naureed Awan,
who also happens to be singer Annie
Khalid's Husband, claims that the worlds
forex market is $3.9 trillion, and his
company share is $1 trillion of
conducting business. I wonder how did
he even dare to tell a lie on a media so
bluntly. He even allured anchors for
personality boost to provide them forex
account trading for income purposes.
It is said that 99% Online Forex Trading
companies in Pakistan conduct fraud.
They use fake online trading software
where they can control each and every
thing. They transfer client's money in
their abroad accounts and then control
client's trading.
Take a look at the profile of MMA Group
of Companies:
MMA Airline is part of
the MMA Group of
Companies which has
interests in heavy
machinery and
equipment trading,
financial services (forex
trading), advertisement
and events
management.
The company's business
spreads across Ireland,
Switzerland, Uganda,
South Africa and the
UAE.
MMA Online Trading
Services (MMA Forex) is
one of the world's
leading online forex
trading brokers, with
over 100,000 registered
customers worldwide,
and volumes of more
than $20 billion a
month.
Awan said he started his
business in forex trading
in Ireland by setting up a
company in 2006 with a
team of finance
professionals and
experts.
However, MMA Group's
origin lies in MMA Heavy
Machinery, set up in
1995.
Having several branches
in about 75 countries,
mostly in Europe, MMA
Forex made its entry in
to the Middle East in
2010.
MA Forex is backed by a
major financial
institution with over $17
billion in assets under
management and is
rated A+ by an S&P
affiliated rating agency.
The company launched
MMA Bank GT in Zurich,
last year.

Malik Naureed Awan and MMA Group of Companies Exposed as Scam in Pakistan

The owner of MMA Airlines and many
other companies such as the name of
MMA have been exposed to be fraud. It
is being claimed by TV channels that the
owner Malik Naureed Awan is an
international fraudster who has fled
dubai due to his illegal work.
If you got a chance to be in Islamabad
over the recent months, you must have
seen excessive advertisement of MMA
forex, MMA Bank and MMA Airlines on
every major road.
A 26-year-old Pakistani businessman
from Abbottabad, Malik Naureed Awan,
who also happens to be singer Annie
Khalid's Husband, claims that the worlds
forex market is $3.9 trillion, and his
company share is $1 trillion of
conducting business. I wonder how did
he even dare to tell a lie on a media so
bluntly. He even allured anchors for
personality boost to provide them forex
account trading for income purposes.
It is said that 99% Online Forex Trading
companies in Pakistan conduct fraud.
They use fake online trading software
where they can control each and every
thing. They transfer client's money in
their abroad accounts and then control
client's trading.
Take a look at the profile of MMA Group
of Companies:
MMA Airline is part of
the MMA Group of
Companies which has
interests in heavy
machinery and
equipment trading,
financial services (forex
trading), advertisement
and events
management.
The company's business
spreads across Ireland,
Switzerland, Uganda,
South Africa and the
UAE.
MMA Online Trading
Services (MMA Forex) is
one of the world's
leading online forex
trading brokers, with
over 100,000 registered
customers worldwide,
and volumes of more
than $20 billion a
month.
Awan said he started his
business in forex trading
in Ireland by setting up a
company in 2006 with a
team of finance
professionals and
experts.
However, MMA Group's
origin lies in MMA Heavy
Machinery, set up in
1995.
Having several branches
in about 75 countries,
mostly in Europe, MMA
Forex made its entry in
to the Middle East in
2010.
MA Forex is backed by a
major financial
institution with over $17
billion in assets under
management and is
rated A+ by an S&P
affiliated rating agency.
The company launched
MMA Bank GT in Zurich,
last year.

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the Terms and Conditions

Open a Real Account in MMA Forex

Fill in the online application form to
begin trading
Thank you for choosing MMA! You are
only a few minutes away from opening
your own trading account and beginning
to trade with MMA Trader . The best and
most convenient way to apply is online. It
is easy, simple, and takes approximately 3
minutes to complete. For any assistance
completing the application form please
click the Live Chat button or call us and
our customer support staff will be will be
happy to help you through the process.
We are committed to keeping your
information secure. Click here to read
our Privacy Policy Click here to read
our Risk Disclosure
Account Holder's Information
* Mandatory Fields
* Title :
* First Name :
* Last Name :
* Email :
* Phone Number (incl. area code) :
* Mobile Number (incl. area code)
* Country
* Address1 :
Address 2 :
* City :
State / Province :
Zip / Postal Code :
Phone Number (Additional) :
* Country of Citizenship :
* Social Security / Passport Number :
* Date of Birth
(DD / MM / YYYY) :
How did you hear about us? :
* Account Type :
* Currency :
* Requested User Name :
must be between 6-10 alphanumeric
characters (a-z, A-Z, 0-9) with minimum
of 1 letter
* Principal Occupation or Business :
What is the extend of your Trading
Experience? :
* Securities :
* Currencies :
* Futures :
* Options :
* Commodities :
What is your Total
Estimated Annual Income? :
What is your total
Estimated Net worth (in US$) :
Do you have, or have you
ever had, any other accounts
with us? If so, please provide
your previous username(s):
:
I would like to receive newsletter?
Please call me at the earliest
possible time
I have read, understood and accept
the Terms and Conditions
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Christian homes attacked, President, PM take notice, CM orders Judicial inquiry

A senior police officer Javed Khalid said
Badami Bagh Police charged a 26-year old
man Sawan Masih with blasphemy and
booked him under Section 295-C. He said
the accused had been arrested.
Geo News reporter said tension prevailed
in the area since last night and on
Saturday angry protesters went out of
control.
They pelted police officials with stones,
leaving several injured. Police have failed
in containing the protesters.
The police requested some Muslim clerics
to intervene and bring the situation under
control.
Allama Tahir Ashrafi, Chairman Pakistan
Ulema Council said people should refrain
from such acts of violence as the accused
had been arrested.
He said such acts would create wrong
impression of the country. Other noted
Ulema also condemned the violence and
called on the government to provide
protection to the Christians.
President, Prime Minister, CM Punjab
take notice
President Asif Ali Zardari, Prime Minister
Raja Pervez Ashraf and CM Punjab
Shehbaz Sharif have taken notice of the
incident while CM Punjab has ordered a
judicial inquiry.

Christian homes attacked, President, PM take notice, CM orders Judicial inquiry

A senior police officer Javed Khalid said
Badami Bagh Police charged a 26-year old
man Sawan Masih with blasphemy and
booked him under Section 295-C. He said
the accused had been arrested.
Geo News reporter said tension prevailed
in the area since last night and on
Saturday angry protesters went out of
control.
They pelted police officials with stones,
leaving several injured. Police have failed
in containing the protesters.
The police requested some Muslim clerics
to intervene and bring the situation under
control.
Allama Tahir Ashrafi, Chairman Pakistan
Ulema Council said people should refrain
from such acts of violence as the accused
had been arrested.
He said such acts would create wrong
impression of the country. Other noted
Ulema also condemned the violence and
called on the government to provide
protection to the Christians.
President, Prime Minister, CM Punjab
take notice
President Asif Ali Zardari, Prime Minister
Raja Pervez Ashraf and CM Punjab
Shehbaz Sharif have taken notice of the
incident while CM Punjab has ordered a
judicial inquiry.

‘100 ’ Christian houses torched in Lahore over ‘blasphemy ’

An angry mob of reportedly
more than 3 ,000 people attacked
and burnt almost 100 houses of the
Christian community mob on
Saturday in Badami Bagh area of
Lahore over an alleged blasphemy
case .
The mob pelted police officials with
stones and injured many including SSP
Operations Suhail Sukhera and the
SHO of Badami Bagh.
The residents belonging to the
minority community , including women
and children, fled their homes to
avoid being attacked .
Police have arrested the accused of
blasphemy, Savan Masih alias Bubby ,
and shifted him to an undisclosed
location after Imran, a local barber ,
accused him of blasphemy.
The police registered an FIR No
112 / 13 under Section 295 - C against
the accused.
Badami Bagh SHO Hafiz Abdul Majid
told a local newspaper that preliminary
investigations showed that Imran had
falsely accused Savan of blasphemy.
Savan ’ s father Chandar Masih also
denied that his son had committed
blasphemy saying they held the Holy
Prophet ( PBUH ) in high esteem.

Angry mob torches dozens of houses

Angry mob torched dozens
of houses in Joseph Colony here at
Badami Bagh area on Saturday
following allegations of blasphemy
against a Christian man.
The angry mob attacked the houses
in protest what they claimed
blasphemy act by a Christian man.
Tension prevailed in the area since
Friday night and on Saturday angry
protesters went berserk. They pelted
police officials with stones , leaving
several injured. Police have failed in
restricting the protesters.
Later, the police requested some
Muslim clerics to intervene and bring
the situation under control.
Allama Tahir Ashrafi, Chairman
Pakistan Ulema Council said people
should refrain from such acts of
violence as the accused had been
arrested . He said such acts would
create wrong impression of the
country. Other Ulema also condemned
the violence.
A senior police officer Javed Khalid
said Badami Bagh Police charged a 26-
year old man Sawan Masih with
blasphemy and booked him under
Section 295-C. He said the accused had
been arrested.
Punjab Law Minister Rana Sanaullah
said the accused man was in police
custody. He said all those involved in
the arson would be arrested, adding
that his government would try to
rehabilitate the affected Christian
families.
Chief Minister Shahbaz Sharif has
taken notice of the incident and has
sought a report from the Home
Secretary Punjab.
On the other hand, the Human Rights
Commission of Pakistan (HRCP)
expresses deep grief and anger at the
unchecked attack on over 100 homes
belonging to the Christian community
in Badami Bagh. The shocking incident
occurred after a Christian young man
was accused of blasphemy.
Meanwhile, President Asif Ali Zardari
has taken notice of the incident of
torching of the houses of Christian
community by a mob in Badami Bagh
and had called for a report into that
unfortunate incident. Spokesperson to
the President Senator Farhatullah
Babar said that the President,
expressing grave concern over the
incident of vandalism, has directed the
authorities to ensure safety and
security of lives and property of the
citizens.
The President said that safeguarding
the rights of all citizens — Muslims and
non Muslims alike was one of the main
responsibilities of the Government and
it would continue undertaking every
effort for protection of their rights as
enshrined in the Constitution of
Pakistan.
Shahbaz orders judicial inquiry

Badami Bagh arson in Lahore : Christians seek justice

Members of the Christian
community on Saturday staged violent
protest demonstrations across the
metropolis against Lahore attacks on their
houses. The attacks are cited to be a
reaction against an alleged blasphemy
case against a Christian man.
A large number of people from the
Christian community assembled Essa
Nagri, Sharah-e-Faisal and Korangi.
Protesters in Essa Nagri area burnt tyres
and pelted passing vehicles with stones,
causing traffic jams on Shahrah-e-Faisal.
Church of Pakistan Karachi Dioceses
Bishop Sadiq Daniel strongly condemned
the incident, stating that at least 175
families had been directly affected by the
arson. Victimizing minorities had become
nefarious on pretext of blasphemy
allegations. Knowing the repercussions in
Pakistan, it is highly unlikely that
someone would resort to blasphemy, said
Daniel.
Christian Community leader Bishop Dr
Ijaz Inayat Bhatti termed the incident a
crime against humanity, adding, “Torching
more than 100 houses for allegations
against a single person is an inhuman act
and a disservice to Islam.” He said Islam
is a religion of peace and saving the lives
and possessions of their Christian
brothers was an obligation for Muslims.
He also said that it was illogical that a
person in Pakistan would commit
blasphemy. He added, “If a person did
this, than judiciary and administration is
here to probe into the matter and punish
the guilty person. What is this if some
people declared themselves plaintiff,
lawyer, judge and executer at a time.”
Dr. Bhatti demanded the government
and army to arrest the culprits, or they
would approach UN for justice.
He also announced a massive protest
demonstration on Sunday (today) outside
the Karachi Press Club. Several political
and religio-political parties, including
MQM, ANP, PTI, MQM-H, JI, ST and MWM
condemned the incident.

Weekly review: Karachi Stock Exchange dips below 18,000 points amidst fog

The stock market failed to
maintain its position above the
18,000-point barrier as the
worsening law and order situation
in Karachi and weak macroeconomic
data took its toll on the benchmark
KSE-100 index, which closed down
221 points or 1.2% during the week
ended March 8.
A variety of positive sector-specific
news could not save the index from
losses as investors also shifted their
focus towards the political scenario
where the current government is due
to complete its tenure in the coming
week and pave the way for a caretaker
setup until general elections, due to be
held in May.
The week started off on a negative
note following a massive bomb blast in
Abbas Town, Karachi on Sunday
evening which left 50 people dead and
140 wounded. The already tense
situation was intensified when the
Muttahida Qaumi Movement
announced that it will go on an
indefinite strike unless the
perpetrators were captured. However,
the party cancelled those plans on the
insistence of trade unions.
On the macro front, the foreign
exchange reserves of the country
dipped below the $13 billion mark
declining $380 million during the week
to close at $12.81 billion. The forex
reserves have been on a constant
decline after hitting a record high
above $18 billion in July last year.
Auction of treasury bills was also held
during the week where cut-off yields
rose 2-9 basis points. The increase in
yields meant that further monetary
easing was unlikely and with inflation
slowly creeping up, a round of
discount rate hikes might be on the
horizon, which will have a negative
impact on the market.
There was bad news for the telecom
sector, as the contentious International
Clearing House (ICH) issue was raised
in the United States, where the Federal
Communications Commission (FCC)
prohibited US telecom providers from
paying anything above the pre-ICH
rate of 2 cents per minute for
termination of calls to long distance
and international operators in
Pakistan.
Under the ICH regime, this rate has
been hiked up to 8.8 cents per minute
and resulted in windfall profits for
telecom operators in Pakistan, as the
arrangement did not require any
additional expenditure. Pakistan
Telecommunications Company (PTCL),
the operator of the ICH, took a beating
and shed 11% of its value during the
week.
However, it was not all bad news as
there were positives for the fertiliser,
refinery and chemical sectors all
emanating from pending decisions of
the Economic Coordination Committee.
Engro was the main beneficiary on the
fertiliser end as the ECC is likely to
approve gas supply of 79 million cubic
feet per day (mmcfd) to its Enven
plant. The stock climbed 4.4% during
the week.
The refinery sector also received
positive news as the ECC was expected
to increase deemed duty – customs
and surcharge duty on imported oil –
from 7.5% to 9% on refinery products.
Similarly, the ECC is also likely to
approve an increase in import duty on
purified terephthalic acid (PTA) from
3% to 4%, resulting in a boost to local
manufacturers of PTA.
Average daily volumes plummeted
27% to 236 million shares. Similarly,
average daily values declined 21% to
Rs7.07 billion. The market
capitalisation of the KSE declined 1%
to Rs4.46 trillion by the end of the
week.
Winners
Dawood Hercules
Dawood Hercules Corporation
produces urea fertilisers. The
company also produces anhydrous
ammonia for manufacturers of soda
ash, fructose, and other chemicals.
Attock Refinery
Attock Refinery, a subsidiary of the
Attock Oil Company, specialises in the
refining of crude oil
Nishat Chunian Power
Nishat Chunian Power owns, operates
and maintains a fuel-fired power
station for the generation, supply and
transmission of electric power in
Kasur, Punjab. The company is a
subsidiary of Nishat (Chunian)
Limited.
Losers
Jahangir Siddiqui and Company
Jahangir Siddiqui and Company is an
investment company offering share
brokerage, money market, advisory
and consultancy, underwriting and
portfolio management services.
JS Bank
JS Bank is a full service commercial
bank. The bank provides a wide range
of banking products and services
including retail and consumer,
treasury, corporate and commercial,
and investment banking.
Azgard Nine
Azgard Nine manufactures and
exports textile products such as denim
fabrics, and apparel. The company also
manufactures and sells urea and
phosphatic fertilisers from its fertiliser
plants.
Published in The Express Tribune,
March 10th, 2013.
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Friday, March 8, 2013

Wednesday, March 6, 2013

Dow Jones Closes at Record High

When the trading day ended on
Tuesday, the Dow Jones Industrial
Average closed at a record high of
14,253.77. It surpassed the index’s
previous closing high of 14,164.53
reached back in the pre- recession
days of October 2007. For all the
headlines devoted to the event, you’d
think this was a really big deal —
either a signal that our economy has
zoomed past the lingering aftereffects
of the Great Recession, or evidence of
a bubble about to pop, as CNBC
wondered a little while ago.
The reality is probably much less
exciting. “Investors should curb their
enthusiasm,” says Mitchell O.
Goldberg, president of ClientFirst
Strategy. Experts say the Dow’s
record high means relatively little in
the grand scheme of things. Here are
a few reasons why:
The Dow Doesn’t Reflect the Entire
Economy
“To the average guy in the public, the
Dow means the market,” says Wayne
S. Kaufman, chief market analyst at
John Thomas Financial. “But it’s only
30 stocks.” What’s more, the index is
price-weighted, meaning more
expensive stocks have an outsized
impact on the number.
The 30 stocks that currently
constitute the Dow Jones Industrial
Average make up a pretty narrow
slice of American economic output.
Analysts say the S&P 500, a much
bigger index, is more reflective of the
market as a whole. (It ended Tuesday
at a five-year high, but fell short of
record-breaking status.)
( MORE: Are We Already Planting the
Seeds of the Next Financial Crisis?)
Also, the companies included in the
Dow have changed over the years,
and inflation is not factored in, so
measuring today’s record against its
previous high is an apples-to-oranges
comparison. “When you see the Dow
hitting new highs, it’s not the same
Dow we had in ’07,” Goldberg says. He
points out that manufacturing
stalwart General Motors was booted
out, as were Citigroup and Kraft, and
he argues the current index skews
too tech-heavy to encompass the true
scope of the U.S. economy.
The Fed Did This — and It Can Undo
It Too
Stocks have been particularly
buoyant because they’re floating on
an ocean of liquidity, courtesy of the
Federal Reserve. The Fed has been
buying up trillions of dollars of bonds
to stimulate the economy. That has
driven down yields and interest rates.
“Back in 2007, bond yields were 5%
on a 10-year [government] bond,”
Kaufman says.  ”Today, we’re at
1.9%.” As a result, many investors
who are looking for better returns
have given up on bonds and piled into
the equities market, since many are
still soured on real estate as an
investment vehicle.
“So long as the Fed is in an
accommodative mode and the
economy is out of recession, the odds
are that you will have a bull
market,” David Rosenberg, chief
economist at Gluskin Sheff and
Associates, told the New York Times
Tuesday.
“The Fed seems willing to remain
accommodative,” says Matthew
Coffina, editor of Morningstar’s
StockInvestor subscription
newsletter. Plus, he adds, stocks are
considered to be a better hedge
against inflation when the economy
does pick up steam again.
( MORE : Why Many Americans Feel
Like They’re Getting Poorer)
In addition to the Fed, central banks
around the world have engaged in
“globally synchronized asset purchase
programs,” Kaufman said, which
pumps more money into the system.
Other Numbers Matter More
Morningstar’s number-crunchers
take the price of each stock they
cover, divide it by what their analysts
think it’s worth, rank all of them and
take the median. (You can see the
current ratio in this chart here.)
Lately, it’s been pretty close to zero,
which indicates a more or less fair
value for the market in aggregate.
“The thing to focus on is price to fair
value ratio,” Morningstar’s Coffina
says. “Right now, our analysts think
the market is right about fairly
valued.”
The robust balance sheets of
corporations help justify high stock
prices. “I think the main positives for
the market have been relatively
strong corporate earnings,” Coffina
explains. “Companies have been able
to take advantage of high
productivity.”
Even so, high stock prices don’t
necessarily signify a strong economy.
“I think the market may be feeling
more strength than the consumer is
feeling,” Coffina says.
( MORE: Warren Buffett on
Berkshire’s ‘Subpar’ Year, Big-Game
Hunting and Why He Loves
Newspapers )
There are several other key data
points to consider. “The most
important metric people should be
looking at is employment, bar none,”
Goldberg says. “The second figure
everybody has to look at is inflation.
The third figure is bank lending.”
Following that advice gives you a
much more mixed bag concerning the
overall health of the economy:
Unemployment is stubbornly high,
inflation isn’t really an issue, and
bank lending looks encouraging.
We’re Not Out of the Woods Yet
Whether or not the market will
continue its upward march is
anybody’s guess. People get paid
huge amounts of money to figure it
out, and they still get it wrong more
often than not. Analysts like to point
out that it’s foolish to try to time the
market right, and that there are still
plenty of risks that could topple the
market’s ascent.
“You have to trust [Federal Reserve
chairman Ben] Bernanke and
company to thread the needle and
pull back on their easing policies
without disrupting the domestic
economy,” Goldberg says.
As Warren Buffet pointed out on
CNBC on Monday, the economy could
be rattled when this happens. ”There
are an awful lot of people who want
to get out of a lot of assets if they
think the Fed is going to tighten a lot,”
he said. Even if the Fed chairman can
get everything right, lawmakers could
still make a mess of things, between
dickering over sequester cuts and the
looming budget showdown coming at
the end of the month, analysts say.
( MORE: 6 Reasons Why the Stock
Market Could Do Surprisingly Well in
2013 )
Trouble could come from overseas,
too. Goldberg says bold moves by the
European Central Bank have
mitigated the threat of a cascade of
major bank failures, but an anemic
Eurozone economy would be bad
news for American export-driven
companies.
“Although Europe is not nearly as
significant a trading partner for the
U.S. as it used to be, it still is a
massive part of the developed world,”
he says. “If consumers and businesses
cut back, it hurts.

Kick Movie... Salman Khan

'किक' के लिए 50 करोड़ + प्रॉफिट लेंगे दबंग खान...
सलमान खान बॉलिवुड में सबसे ज्यादा फीस लेने वाले स्टार
बन गए हैं। उन्होंने 'किक' के लिए 50 करोड़ फीस के साथ
प्रॉफिट में शेयर भी लिया है:
सलमान खान को इस वक्त इंडस्ट्री का सबसे बड़ा स्टार
माना जा रहा है। बेशक, इसे वह अक्सर साबित भी करते
रहते हैं। खबर है कि सल्लू ने अपनी अगली फिल्म 'किक' के
लिए साजिद नाडियाडवाला से 50 करोड़ फीस और प्रॉफिट
में शेयर की डील की है।
जाहिर है, इस तरह सलमान बॉलिवुड में सबसे ज्यादा फीस
लेने वाले ऐक्टर बन गए हैं। हालांकि पहले सल्लू के इस
फिल्म के लिए 80 करोड़ रुपए की डिमांड करने की खबर आई
थी, लेकिन बाद में उन्होंने प्रॉफिट शेयरिंग फार्म्युले पर
समझौता कर लिया। जाहिर है, इस तरह सलमान और
ज्यादा फायदे में रहेंगे। कमाई के मामले में सलमान
इतनी तेजी से आगे बढ़ रहे हैं कि उन्होंने बाकी सभी स्टार्स
को पीछे छोड़ दिया है।
1- सलमान खान = 50 करोड़ + प्रॉफिट
2- आमिर खान = 45 करोड़
3- अक्षय कुमार = 45 करोड़
4- शाहरुख खान = 35 करोड़
5- रितिक रोशन = 20 से 25 करोड़
6- अजय देवगन = 20 से 25 करोड़
इनके बाद सैफ अली खान, रणबीर कपूर और शाहिद कपूर
जैसे स्टार्स का नाम आता है।

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