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Print - 2015-10-30
Early trade in New York: dollar continues slide

Early trade in New York: dollar continues slide

The dollar index slipped on Thursday, the day after a hawkish statement from the US Federal Reserve pushed the greenback up sharply against other major currencies. The dollar briefly rallied on Thursday after the release of US gross domestic product figur
Published 30 Oct, 2015 12:00am
Dollar soars in New York as December rate hike back in play
Currency

Dollar soars in New York as December rate hike back in play

The dollar soared to its highest level in more than two months against the euro on Wednesday, propelled by renewed expectations the US Federal Reserve could raise interest rates in December. The US currency also rose to a more than seven-month peak agains
Published 30 Oct, 2015 12:00am
Offshore yuan jumps
Currency

Offshore yuan jumps

China's offshore spot yuan firmed sharply on Thursday in a move that reduced the spread with the onshore rate to the narrowest in two weeks. The jump followed a build-up of bearish positions in the currency following the central bank's cut in interest rat
Published 30 Oct, 2015 12:00am
Bangladesh's interbank forex and interest rates

Bangladesh's interbank forex and interest rates

Interbank buy/sell rates for the taka against the dollar on Thursday. 78.00-78.03 (previous 77.93-77.98). 03.00-05.50 percent (* Previous 03.00-05.50 percent). (* revised).
Published 30 Oct, 2015 12:00am
Most emerging Asian currencies slip
Currency

Most emerging Asian currencies slip

Most emerging Asian currencies slid on Thursday, as the US Federal Reserve rekindled expectations of an interest rate hike in December while most regional central banks will maintain an easier monetary policy bias. South Korea's won hit its weakest in mor
Published 30 Oct, 2015 12:00am
Sterling index hits five-week high
Currency

Sterling index hits five-week high

Sterling hit a five-week high against a trade-weighted basket of currencies on Thursday, as traders brought forward their bets on when UK interest rates would rise after the US Federal Reserve signalled it could raise rates as soon as December. The Bank o
Published 30 Oct, 2015 12:00am
Aussie, kiwi knocked by Fed
Currency

Aussie, kiwi knocked by Fed

The Australian and New Zealand dollars were bruised on Thursday after a hawkish sounding Federal Reserve revived speculation of a rate hike this year, boosting the US dollar. There was plenty of action on the kiwi front which last stood at $0.6684, nearly
Published 30 Oct, 2015 12:00am
Mascherano admits to tax fraud charges

Mascherano admits to tax fraud charges

Barcelona's Javier Mascherano admitted to two counts of tax fraud totalling just over 1.5 million euros ($1.64 million) before a judge on Thursday. Mascherano arrived at the court in Gava, a coastal town on the outskirts of Barcelona where the player resi
Published 30 Oct, 2015 12:00am
Australia's coffers boosted by World Cup

Australia's coffers boosted by World Cup

Cricket Australia recorded a net surplus of $99 million in the last financial year following the co-hosting of the 2015 World Cup with New Zealand, the board said after its annual general meeting on Thursday. Revenue increased to $380.9 million from $295.
Published 30 Oct, 2015 12:00am
Di Maria admits desperation to leave Manchester United

Di Maria admits desperation to leave Manchester United

Paris Saint-Germain midfielder Angel di Maria has recognised he was desperate to leave Manchester United to join the French champions after an ill-fated solo season in England. Di Maria's near £60 million ($92 million) move from Real Madrid to United in 2
Published 30 Oct, 2015 12:00am
376 opening stand as Kiwi attack flayed

376 opening stand as Kiwi attack flayed

Aaron Finch and Ryan Carters monstered the New Zealand bowling attack with an unbeaten, triple-hundred opening stand to put the Cricket Australia XI in command of their tour match against New Zealand in Sydney on Thursday. Finch smashed an unbeaten 214, h
Published 30 Oct, 2015 12:00am
Bangladesh to host Asia Cup despite security jitters

Bangladesh to host Asia Cup despite security jitters

Bangladesh will host the Asia Cup cricket for the third time running in February and March despite recent security fears which prompted Australia to cancel a tour, the national cricket chief said. At a meeting in Singapore this week, the Asian Cricket Cou
Published 30 Oct, 2015 12:00am
Blatter claims backroom deal on Russia World Cup

Blatter claims backroom deal on Russia World Cup

Sepp Blatter has claimed there was a deal to give Russia the 2018 World Cup before voting took place, and blamed "bad losers" England and the US for the corruption scandal engulfing the organisation. "In 2010, we (FIFA's 22-strong executive committee) had
Published 30 Oct, 2015 12:00am
I'm best man for FIFA job, insists banned Platini

I'm best man for FIFA job, insists banned Platini

European football supremo Michel Platini insisted Thursday that he remains the best man to lead scandal-hit FIFA despite currently being suspended from the sport. The French legend, one of seven candidates to succeed Sepp Blatter as FIFA president, believ
Published 30 Oct, 2015 12:00am
GCU Lahore clean sweep swimming championship

GCU Lahore clean sweep swimming championship

The Government College University (GCU) Lahore has clean swept the Inter-Collegiate Swimming Championship 2015 organised by the Board of Intermediate and Secondary Education (BISE) Lahore at the swimming pool of FC University Lahore. The team GCU set an u
Published 30 Oct, 2015 12:00am
Imad Wasim out of England one-day series

Imad Wasim out of England one-day series

Pakistan's fast-rising spinning allrounder Imad Wasim was Thursday ruled out of the one-day series against England starting next month. The 26-year-old left-arm spinner, who bats left-handed, fractured a finger in his left hand during a first-class match
Published 30 Oct, 2015 12:00am
Pennetta bows out after magical year

Pennetta bows out after magical year

Italy's Flavia Pennetta said arrivederci to women's tennis on Thursday after defeat to Maria Sharapova at the WTA Finals ended her bid for one last fairy tale to cap an already magical final year in the game. The 33-year-old Italian, who landed her first
Published 30 Oct, 2015 12:00am
Warne plots England's downfall with Yasir Shah

Warne plots England's downfall with Yasir Shah

Legendary Australian spinner Shane Warne Thursday worked with Yasir Shah in the nets, saying he gave the Pakistani slow bowler advice on tactics to help down England in this week's third Test. Warne enjoyed tormenting England during his illustrious career
Published 30 Oct, 2015 12:00am
Tunisian customs officer dies after setting self on fire

Tunisian customs officer dies after setting self on fire

A Tunisian customs officer has died after setting himself on fire, officials said Thursday, in an apparent protest mirroring that of a graduate which sparked a popular revolt. The 54-year-old died in Monastir on Wednesday night after suffering "third-degr
Published 30 Oct, 2015 12:00am
Toddler dies as downpour wreaks havoc in Iraq

Toddler dies as downpour wreaks havoc in Iraq

Torrential rain caused chaos across several parts of Iraq Thursday, with flood waters sweeping a toddler to her death and damaging camps for displaced people. The storm that hit Baghdad Wednesday evening was unusually violent and the first after a long, d
Published 30 Oct, 2015 12:00am
Modi, Mugabe press for UN reform

Modi, Mugabe press for UN reform

India's Prime Minister Narendra Modi said Thursday that India and Africa must join forces to call for reform of the United Nations to reflect the growing power of emerging nations on the global stage. In a speech to the India-Africa Forum Summit in New De
Published 30 Oct, 2015 12:00am
EU suspends most Belarus sanctions, ties 'improving'

EU suspends most Belarus sanctions, ties 'improving'

The EU suspended most sanctions against Belarus Thursday, citing "improving relations" after authoritarian President Alexander Lukashenko released all remaining political prisoners, a statement said. "This decision was taken in response to the release of
Published 30 Oct, 2015 12:00am
Poroshenko wins Turkmen backing for Ukrainian sovereignty

Poroshenko wins Turkmen backing for Ukrainian sovereignty

Ukrainian President Petro Poroshenko held talks with President Gurbanguly Berdymukhamedov of Turkmenistan Thursday as he pressed a diplomatic drive for recognition of Ukraine's territorial integrity in a region dominated by arch-rival Russia. Poroshenko's
Published 30 Oct, 2015 12:00am
Southeast Asia breathes sigh of relief as rains ease smog crisis

Southeast Asia breathes sigh of relief as rains ease smog crisis

Persistent rains have cleared the air across vast stretches of Southeast Asia that have choked for weeks on hazardous smoke from Indonesian fires, with officials expressing hope Thursday the crisis could soon end. Parts of Indonesia, Malaysia, and Singapo
Published 30 Oct, 2015 12:00am
Saudi convict wins Sakharov rights prize

Saudi convict wins Sakharov rights prize

Saudi blogger Raif Badawi, who was sentenced to 1,000 lashes and 10 years in prison for insulting Islam, was awarded the European Parliament's prestigious Sakharov human rights prize on Thursday. Announcing the award, parliament chief Martin Schulz called
Published 30 Oct, 2015 12:00am
Republican Paul Ryan elected US Speaker of the House

Republican Paul Ryan elected US Speaker of the House

US lawmakers on Thursday elected Paul Ryan, a conservative Republican who helped steer budget and tax policy in Congress, as speaker of the House of Representatives, seeking to end months of political disarray. Ryan, 45, now holds the most powerful job in
Published 30 Oct, 2015 12:00am
Australia plans Chinese naval exercises

Australia plans Chinese naval exercises

Australia said Thursday it would continue scheduled live-fire naval exercises with China, even after close ally the United States sent a warship into disputed South China Sea waters this week. On Tuesday, Washington sent its USS Lassen destroyer within 12
Published 30 Oct, 2015 12:00am
Tanzania ruling party's Magufuli wins presidential vote

Tanzania ruling party's Magufuli wins presidential vote

Tanzania's ruling party candidate John Magufuli won hotly contested presidential elections, officials announced Thursday, but the opposition said the vote was rigged and also claimed victory. The win by Magufuli with over 58 percent of votes cements the l
Published 30 Oct, 2015 12:00am
Cuba, US agree on need to cooperate on security

Cuba, US agree on need to cooperate on security

The United States and Cuba have agreed on the need to cooperate on security issues surrounding trade and travel between the two former Cold War foes, the communist party newspaper Granma said Thursday. US Deputy Secretary of Homeland Security Alejandro Ma
Published 30 Oct, 2015 12:00am
HCM&D organises annual research seminar

HCM&D organises annual research seminar

Hamdard College of Medicine and Dentistry (HCM&D) has organised its annual student research seminar to promote research culture among the students and the faculty members, on October 28, 2015 at Main Campus, Hamdard University, Karachi. Fourth year studen
Published 30 Oct, 2015 12:00am
3'terrorists' killed, 20 suspects arrested in separate actions

3'terrorists' killed, 20 suspects arrested in separate actions

Police on Thursday claimed to have killed three suspected terrorists and arrested 22 others in separate raids conducted in different areas of the metropolis. According to police sources, three alleged terrorists were killed in an encounter in the jurisdic
Published 30 Oct, 2015 12:00am
Earthquake victims: students of Ziauddin University raise funds

Earthquake victims: students of Ziauddin University raise funds

Students of Ziauddin University on Thursday raised funds for the victims of earthquake at Saudi Embassy's signal. Students of MBBS, D.Pharm and others collected funds from people aboard buses, cars and other vehicles. They also collected funds from the pe
Published 30 Oct, 2015 12:00am
Silkbank declares Rs 30 million profit after tax in 3Q

Silkbank declares Rs 30 million profit after tax in 3Q

The Board of Directors of Silkbank Limited, in their meeting held on October 29, announced the third quarterly results ended September 30. The Bank declared a Profit After Tax of Rs 30 million for the July-September 2015 quarter. Silkbank's total asset ba
Published 30 Oct, 2015 12:00am
Silkbank declares Rs 30 million profit after tax in 3Q

Silkbank declares Rs 30 million profit after tax in 3Q

The Board of Directors of Silkbank Limited, in their meeting held on October 29, announced the third quarterly results ended September 30. The Bank declared a Profit After Tax of Rs 30 million for the July-September 2015 quarter. Silkbank's total asset ba
Published 30 Oct, 2015 12:00am
Lucky Cement reports Rs 2.9 billion net profit for Q1

Lucky Cement reports Rs 2.9 billion net profit for Q1

Lucky Cement Limited continued to lead the cement industry and reported net profit of PKR 2.968 billion during the first quarter ended September 30th, 2015 which is 11.2% higher than the same period last year. Consequently, the earnings per share (EPS) fo
Published 30 Oct, 2015 12:00am
Lucky Cement reports Rs 2.9 billion net profit for Q1

Lucky Cement reports Rs 2.9 billion net profit for Q1

Lucky Cement Limited continued to lead the cement industry and reported net profit of PKR 2.968 billion during the first quarter ended September 30th, 2015 which is 11.2% higher than the same period last year. Consequently, the earnings per share (EPS) fo
Published 30 Oct, 2015 12:00am
NAB chief reviews regional bureaus' performance in 3Q

NAB chief reviews regional bureaus' performance in 3Q

Chairman NAB Qamar Zaman Chaudry chaired a meeting to review the performance of third quarter of 2015 of all the regional bureaus of NAB on the basis of Partly Quantified Grading System (PQGS) at NAB Headquarters. Senior Member Chairman's Inspection and M
Published 30 Oct, 2015 12:00am
The Weather

The Weather

The weather report on Thursday (October 29, 2015) and the forecast for Friday (October 30, 2015).

Published 30 Oct, 2015 12:00am
FBR to introduce biometric attendance system at its offices

FBR to introduce biometric attendance system at its offices

The Federal Board of Revenue (FBR) has finally decided to install biometric attendance system at its offices across the country to identify `ghost' employees and latecomers, it was learnt here on Thursday. According to details, FBR's revenue division has
Published 30 Oct, 2015 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (October 29, 2015).

Published 30 Oct, 2015 12:00am
Pakistan has highest prevalence of breast cancer in Asia: moot told

Pakistan has highest prevalence of breast cancer in Asia: moot told

Breast cancer is the most common cancer in women around the world. Pakistan has the highest prevalence of breast cancer in Asia. Breast cancer may be a devastating disease but it is potentially curable. Around 60 percent cases of cancer come from Fata reg
Published 30 Oct, 2015 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (October 29, 2015).

Published 30 Oct, 2015 12:00am
LME official prices

LME official prices

The following were Wednesday official prices.

Published 30 Oct, 2015 12:00am
LME official prices

LME official prices

The following were Wednesday official prices.

Published 30 Oct, 2015 12:00am
Under CPEC: Punjab shortlists industrial estates

Under CPEC: Punjab shortlists industrial estates

The provincial government of Punjab has shortlisted as many as 7 existing and 11 potential industrial estates for investment under China-Pakistan Economic Corridor (CPEC).
Published 30 Oct, 2015 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Thursday (October 29, 2015).

Published 30 Oct, 2015 12:00am
LG polls: public holiday in eight districts tomorrow

LG polls: public holiday in eight districts tomorrow

Sindh government has announced public holiday in its eight districts going for first phase of the local bodies polls 2015 on Saturday. Authorities told APP on Thursday that all government and private institutions will remain closed in Khairpur, Sukkur, Gh
Published 30 Oct, 2015 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Thursday (October 29, 2015)

Published 30 Oct, 2015 12:00am
APTMA hails Dar, Haroon for addressing issues

APTMA hails Dar, Haroon for addressing issues

All Pakistan Textile Mills Association (APTMA) Chairman Tariq Saud Thursday appreciated Finance Minister Ishaq Dar and Advisor to the Prime Minister on Revenue, Haroon Akhtar Khan on having given a patient hearing to APTMA regarding difficulties being fac
Published 30 Oct, 2015 12:00am
Forex reserves fall by $102 million

Forex reserves fall by $102 million

The country's total liquid foreign exchange reserves declined by $102 million during the last week. According to State Bank of Pakistan (SBP) weekly forex report issued Thursday, the country's total liquid forex reserves stood at $19.819 billion during th
Published 30 Oct, 2015 12:00am
Pakistan Mercantile Exchange - PMEX
Cotton

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Thursday (October 29, 2015).

Published 30 Oct, 2015 12:00am
SNGPL suspends gas supply to CNG stations in Punjab

SNGPL suspends gas supply to CNG stations in Punjab

The Sui-Northern Gas Company Limited (SNGPL) has suspended gas supply to Compressed Natural Gas (CNG) stations following the advent of winter, contending that the company will barely serve its domestic consumers. According to sources in the Ministry of Pe
Published 30 Oct, 2015 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (October 29, 2015).

Published 30 Oct, 2015 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (October 29, 2015).

Published 30 Oct, 2015 12:00am
Apex body on population census meets

Apex body on population census meets

Finance Minister, Senator Mohammad Ishaq Dar here on Thursday chaired an inaugural meeting of the National Census Apex Committee. The meeting was attended by all the members including Secretary Interior Division, Acting Secretary Defence Secretary IT Divi
Published 30 Oct, 2015 12:00am
SECP defers implementation of SRO

SECP defers implementation of SRO

The Securities and Exchange Commission of Pakistan (SECP) has deferred implementation of the SRO relating to the educational requirements of intermediate or higher secondary school certificate or equivalent for the insurance agents for a period of two yea
Published 30 Oct, 2015 12:00am
THE RUPEE: nominal changes
Currency

THE RUPEE: nominal changes

The rupee halted further losses against the dollar on the money market on Thursday in the process of trading, dealers said. The rupee did not show any change against the dollar for buying at Rs 105.50 it rose by three-paisa for selling Rs 105.52, they sai
Published 30 Oct, 2015 12:00am
PSO has to pay hefty demurrages: PNSC chief

PSO has to pay hefty demurrages: PNSC chief

Chairman, Pakistan National Shipping Corporation (PNSC), Arif Ilahi, has said that all shipping companies are entangled with huge losses while PNSC is on the way of earning profit. In his address to the 37th general meeting of PNSC shareholders, Arif said
Published 30 Oct, 2015 12:00am
THE RUPEE: nominal changes
Currency

THE RUPEE: nominal changes

The rupee halted further losses against the dollar on the money market on Thursday in the process of trading, dealers said. The rupee did not show any change against the dollar for buying at Rs 105.50 it rose by three-paisa for selling Rs 105.52, they sai
Published 30 Oct, 2015 12:00am
PSO has to pay hefty demurrages: PNSC chief

PSO has to pay hefty demurrages: PNSC chief

Chairman, Pakistan National Shipping Corporation (PNSC), Arif Ilahi, has said that all shipping companies are entangled with huge losses while PNSC is on the way of earning profit. In his address to the 37th general meeting of PNSC shareholders, Arif said
Published 30 Oct, 2015 12:00am
Anti-dengue drive begins in CBC

Anti-dengue drive begins in CBC

Cantonment Board Clifton (CBC) started fumigation drive in the wake of rising cases of dengue fever in Karachi. Dengue, a devastating viral disease caused by breeding habitats of the major mosquito vectors, aedes, aegypti has emerged as a major health pro
Published 30 Oct, 2015 12:00am
'Record' fall in rupee's value termed unfortunate
Currency

'Record' fall in rupee's value termed unfortunate

Pakistan Businessmen and Intellectuals Forum's (PBIF) president Mian Zahid Hussain has said that record fall in rupee's value as against dollar was `unfortunate' as it has impaired all the efforts made in the last two years for stabilising exchange rates.
Published 30 Oct, 2015 12:00am
Uninterrupted provision of funds to be ensured: Khattak tells Nawaz

Uninterrupted provision of funds to be ensured: Khattak tells Nawaz

Khyber Pakhtunkhwa Chief Minister Pervez Khattak has said that the provincial government would ensure uninterrupted provision of funds for relief and rehabilitation operations in the earthquake-affected areas. Briefing Prime Minister Nawaz Sharif during h
Published 30 Oct, 2015 12:00am
Tevta to train 200,000 youth by year-end

Tevta to train 200,000 youth by year-end

"The Technical and Vocational Training Authority (Tevta) will achieve its target to train 200,000 youth at the end of the current year. The introduction of demand-driven short courses with the collaboration of the industry and placement of its pass-outs i
Published 30 Oct, 2015 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Thursday (October 29, 2015).

Published 30 Oct, 2015 12:00am
Exchequer insecure under present rulers: Aitzaz

Exchequer insecure under present rulers: Aitzaz

Senator Aitzaz Ahsan has said the national exchequer was insecure in the hands of present rulers. He has further posed the question that how a person paying income tax worth a few hundred can be the richest one in a short span of time. He was talking to m
Published 30 Oct, 2015 12:00am
PPDWP approves seven uplift schemes

PPDWP approves seven uplift schemes

The Punjab Provincial Development Working Party (PPDWP) approved seven development schemes of various sectors with an estimated cost of Rs 6112.263 million including comprehensive TB Control Programme in Punjab (2015-16 to 2017-18) at the cost of Rs 1398.
Published 30 Oct, 2015 12:00am
Speakers for reforms to boost tax-to-GDP ratio

Speakers for reforms to boost tax-to-GDP ratio

Pakistan is in a dire need for tax reforms to boost tax to GDP ratio which is one of the lowest in the world. It is a matter of concern that in the population of over 186 million, 5.7 million are eligible taxpayers, 3.6 million are tax registered, 0.8 mil
Published 30 Oct, 2015 12:00am
National immunisation campaign in Punjab from November 10

National immunisation campaign in Punjab from November 10

A three-day National Immunisation Campaign against polio is being held in Punjab from November 10 to 12. The health department has directed the District Officers (Health) of all districts of Punjab to review and update their micro-plans. In this connectio
Published 30 Oct, 2015 12:00am
PML-N is 'Punjab's MQM': Imran

PML-N is 'Punjab's MQM': Imran

Pakistan Tehreek-e-Insaf (PTI)Chairman Imran Khan has accused the ruling party of becoming the Punjab's Muttahida Qaumi Movement and branding the province a "police state". At a press conference, after condoling with families of party workers Shahzad and
Published 30 Oct, 2015 12:00am
BOARD MEETINGS
Cotton

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 30 Oct, 2015 12:00am
Tetra Pak's trade exhibition held in Dubai

Tetra Pak's trade exhibition held in Dubai

Tetra Pak, the leading food processing and packaging solutions company presented its latest innovations at this year's 2015 Gulfood Manufacturing trade exhibition that took place at the Dubai World Trade Centre. Amar Zahid, President, Greater Middle East
Published 30 Oct, 2015 12:00am
Board meetings in progress

Board meetings in progress

Board Meetings in Progress of Companies listed on the Karachi Stock Exchange.

Published 30 Oct, 2015 12:00am
Shahbaz felicitates Erdogan, Turk people on national day

Shahbaz felicitates Erdogan, Turk people on national day

Punjab Chief Minister Shahbaz Sharif has felicitated Turk President Recep Tayyip Erdogan and the Turk people on national day of Turkey. In a message of felicitation, the Chief Minister said "Turkey has made rapid progress during the last few years and due
Published 30 Oct, 2015 12:00am
Board Meetings
Cotton

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 30 Oct, 2015 12:00am
NAB arrests FDMA official for embezzlement

NAB arrests FDMA official for embezzlement

National Accountability Bureau (NAB) Khyber Pakhtunkhwa on Thursday arrested ex-Agency Co-ordinator FATA Disaster Management Authority (FDMA), Inayat Ullah for alleged embezzlement of Rs 400 million in funds of Housing Uniform Assistance Subsidy Project (
Published 30 Oct, 2015 12:00am
'Million march' exposes Indian conspiracies: Sultan Mahmood

'Million march' exposes Indian conspiracies: Sultan Mahmood

Former AJK Prime Minister, Sultan Mahmood Chaudhary has said that the million March staged by Kashmiris in front of United Nations in New York, like a million March in London, helped to expose Indian conspiracies and urged the world body to implement its
Published 30 Oct, 2015 12:00am