Terrorist Attack Threat on Stock Exchanges

Intelligence agencies have been informed of a potential terrorism strike on the country’s stock exchanges by the end of November, intelligence sources told Daily Times on Monday.

Sources said that terrorists would try to sabotage Pakistan’s economy by attacking the stock exchanges and that the intelligence agencies had forwarded the information to the relevant quarters for action.

Punjab Police IG Ziaul Hasan Khan and Sindh Police IG Jehangir Mirza were not available for comment despite repeated attempts by Daily Times. However, sources in the Punjab Police Special Branch told Daily Times that security agencies were alert to possible terrorism, especially in the aftermath of the airstrike on a madrassa in Bajaur Agency suspected of being a training camp for militants.

Unified trading at LSE, ISE from Dec

The Lahore Stock Exchange (LSE) has planned mock trading of Unified Trading System (UTS) by the end of current month.

“The UTS would be a common platform for trading in commonly-listed securities on a real-time basis through execution of orders entered by members of Lahore and Islamabad Stock Exchanges,” said Hamid M Imtiazi, Managing Director, LSE, while speaking at a press conference here on Tuesday.

He informed that computerisation work has already been completed at the LSE in this regard while integration of UTS with ISE was being made.

PC reviews OGDCL GDR

A team of joint lead managers led by Goldman Sachs and Citigroup made a detailed presentation before Privatisation Commission (PC) Board on the up to date position for the divestment of 10 to 15 per cent shares in Oil & Gas Development Company Limited (OGDCL) through Global Depository Receipts (GDRs) and a secondary domestic offering.

It was said in a press statement issued after Zahid Hamid, Federal Minister for Privatisation & Investment chaired a meeting of PC Board on Thursday.