PSX losing streak enters fourth week - Pakistan

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After hitting the intra-week low of 42,919 points on Wednesday, the index closed the week with a loss of 360 points (0.80 per cent) at 43,267.</p><p class="">The investors’ concerns were exacerbated by political noise emanating from the apex court declaring Nawaz Sharif ineligible to continue as party head which was thought to lead to disarray in the Senate elections next month. </p><p class="">The fears were later put to rest as the Election Commission of Pakistan allowed PML-N candidates to contest Senate elections as ‘independent’ candidates. On the economic front, worries over the Pakistan’s external sector continued as January’s current account deficit came in at $1.6 billion, up 6.2pc month-on-month. The deficit in 7MFY17 was up a whopping 48pc despite the double digit export growth.</p><p class="">Foreigners continued to off-load their holdings, selling stocks worth $2.78 million during the week, taking the overall outflows during February to $31m versus inflow of $86m the preceding month. </p><p class="">Major foreign selling was witnessed in commercial banks ($3.9m), fertiliser ($3.9m) and technology and communication ($0.2m) sectors. On the local front, insurance firms were net buyers of $14.5m, followed by companies at $3.6m while individuals were net sellers of $11.2m and mutual funds of $6m.</p><p class="">During the week, investor activity remained muted with average daily traded volume declining by 7.46pc over the earlier week to 184m shares, though the average traded value improved by 10.4pc to $73m. Azgard Nine (61.55m shares), Dost Steels (61.4m), TRG Pakistan (51.09m), Lotte Chemical (42.6m) and Fauji Foods (40.25m) were the leaders.</p><p class="">Sector-wise, the decline during the week was primarily concentrated in the banks which contributed 199 points to the downside. Cement and oil and marketing companies were next in line, taking away 50 and 43 points respectively. </p><p class="">Oil and gas exploration companies were the largest gainers in the week, contributing 78 points to the index, followed by food and personal care products adding 20 points.</p><p class="">Major laggards were United Bank, decreasing by 68 points, MCB Bank 43 points, Oil and Gas Development Company 43 points and Fauji Cement 27 points. On the flip side, Lucky Cement 39 points and Nestle Pakistan 23 points made positive contributions. </p><p class="">Stock-specific activity was witnessed, led by announcements and expectations of corporate results with cements stocks like Pioneer Cement, down 9pc week-on-week and Maple Leaf 7pc felt the heat over the financial results. </p><p class="">Pakistan Oilfields made the biggest addition of 126 points. The rise came as Pakistan Petroleum Information Services data showed higher-than-estimated reserves at Jhandial field. Pak Elektron, shrinking by 5pc, came under pressure on Friday after World Bank announced the debarment of the company for 33 months.</p><p class="">Key news flows impacting the market during the week included: European Parliament’s Committee on International Trade passed the GSP+ scheme enabling Pakistan to enjoy preferential duties on exports for the next two years, Pakistan’s foreign exchange reserves fell to $18.829bn due to external debt servicing, government to retain 51pc PIA shares, import bill surged due to oil price spike.</p><p class="">Major result announcements for upcoming week are Gharbiwal Cement, Pakistan Petroleum, Mughal Steels, Nishat Chunian, Bank Alfalah, Searle Company and Sui Northern Gas Pipeline.</p><p class=""><em>Published in Dawn, February 25th, 2018</em></p> </div> </div>   <div class="template__footer clearfix modifier--open px-1"> <div class="row no-gutters"> <div class="col-12 col-sm-10 col-sm-offset-1"> <div class="row no-gutters"> <div class="col-12 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class="form-vertical emailer" onsubmit="javascript:$.post(this.action, $(this).serialize());$(this).html('Mail sent, thank you!');return false;" method="POST" action="https://web.archive.org/web/20180225071350/https://www.dawn.com/news/email/1391603"><input class="form-control" type="hidden" name="jscheck" value=""><div class="form-group"><label for="sender" class="control-label">Your Name</label><input class="form-control" id="sender" type="text" name="sender"></div><div class="form-group"><label for="to" class="control-label">Recipient Email</label><input class="form-control" id="to" type="text" name="to"></div><input class="form-control" type="hidden" name="id" value=""><input class="btn mt-2" type="submit" value="Email"><input class="form-control" type="hidden" name="_token" value=""></form> </div> <div class="social social--comment social--icon social--black social--flat social--label text--700 float-left mr-1"> <a href="#comments">0</a> </div> </div> </div> </div> <div class="row 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href="https://web.archive.org/web/20180225071350/https://www.dawn.com/news/1391200/no-mention-of-pakistan-in-fatfs-public-announcements-following-plenary-meeting" class="story__link">No mention of Pakistan in FATF's public announcements following plenary meeting</a></h2> </article>  </div> <div class="slideshow--row__item lap-and-up-border--right palm-border--bottom" data-id="1" style="float:left;width:32.333333333333%;margin-right:1.5%;">  <article class="box story p-1" data-id="1391021" data-layout="story">  <h2 data-layout="story" data-id="1391021" class="story__title "><a href="https://web.archive.org/web/20180225071350/https://www.dawn.com/news/1391021/newcomers-sultans-thrash-peshawar-zalmi-by-7-wickets-in-psl-2018-opener" class="story__link">Newcomers Sultans thrash Peshawar Zalmi by 7 wickets in PSL 2018 opener</a></h2> </article>  </div> <div class="slideshow--row__item lap-and-up-border--right palm-border--bottom" data-id="2" style="float:left;width:32.333333333333%;">  <article class="box story p-1" data-id="1391010" data-layout="story">  <h2 data-layout="story" data-id="1391010" class="story__title "><a href="https://web.archive.org/web/20180225071350/https://www.dawn.com/news/1391010/kulsoom-nawaz-to-be-made-new-pml-n-president-source" class="story__link">Kulsoom Nawaz to be made new PML-N president: source</a></h2> </article>  </div> </div><div class="popular-row lap-and-up-border--bottom"> <div class="slideshow--row__item lap-and-up-border--right palm-border--bottom" data-id="3" style="float:left;width:32.333333333333%;margin-right:1.5%;">  <article class="box story p-1" data-id="1391342" data-layout="story">  <h2 data-layout="story" data-id="1391342" class="story__title "><a href="https://web.archive.org/web/20180225071350/https://www.dawn.com/news/1391342/pakistan-set-to-be-placed-on-fatfs-grey-list-in-june" class="story__link">Pakistan set to be placed on FATF's grey list in June</a></h2> </article>  </div> <div class="slideshow--row__item lap-and-up-border--right palm-border--bottom" data-id="4" style="float:left;width:32.333333333333%;margin-right:1.5%;">  <article class="box story p-1" data-id="1391170" data-layout="story">  <h2 data-layout="story" data-id="1391170" class="story__title "><a href="https://web.archive.org/web/20180225071350/https://www.dawn.com/news/1391170/regrettable-verdict" class="story__link">Regrettable verdict</a></h2> </article>  </div> <div class="slideshow--row__item lap-and-up-border--right palm-border--bottom" data-id="5" style="float:left;width:32.333333333333%;">  <article class="box story p-1" data-id="1391202" data-layout="story">  <h2 data-layout="story" data-id="1391202" class="story__title "><a href="https://web.archive.org/web/20180225071350/https://www.dawn.com/news/1391202/modi-hugs-trudeau-amid-indo-canada-invitation-embarrassment" class="story__link">Modi hugs Trudeau amid Indo-Canada invitation embarrassment</a></h2> </article>  </div> </div><div class="popular-row lap-and-up-border--bottom"> <div class="slideshow--row__item lap-and-up-border--right palm-border--bottom" data-id="6" style="float:left;width:32.333333333333%;margin-right:1.5%;">  <article class="box story p-1" data-id="1391118" data-layout="story">  <h2 data-layout="story" data-id="1391118" class="story__title "><a href="https://web.archive.org/web/20180225071350/https://www.dawn.com/news/1391118/witness-says-calibri-font-existed-in-beta-version-when-trust-deed-was-prepared" class="story__link">Witness says Calibri font existed in beta version when trust deed was prepared</a></h2> </article>  </div> <div class="slideshow--row__item lap-and-up-border--right palm-border--bottom" data-id="7" style="float:left;width:32.333333333333%;margin-right:1.5%;">  <article class="box story p-1" data-id="1391351" data-layout="story">  <h2 data-layout="story" data-id="1391351" class="story__title "><a href="https://web.archive.org/web/20180225071350/https://www.dawn.com/news/1391351/trudeaus-india-trip-is-a-total-disaster-and-he-has-himself-to-blame" class="story__link">Trudeau’s India trip is a total disaster, and he has himself to blame</a></h2> </article>  </div> <div class="slideshow--row__item lap-and-up-border--right palm-border--bottom" data-id="8" style="float:left;width:32.333333333333%;">  <article class="box story p-1" data-id="1391409" data-layout="story">  <h2 data-layout="story" data-id="1391409" class="story__title "><a href="https://web.archive.org/web/20180225071350/https://www.dawn.com/news/1391409/sindh-ig-home-minister-take-notice-of-footage-of-man-firing-on-karachis-shahra-e-faisal" class="story__link">Sindh IG, home minister take notice of footage of man firing on Karachi's Shahra-e-Faisal</a></h2> </article>  </div> </div><div class="popular-row lap-and-up-border--bottom"> </div></div> </div> <div class="border--top border--thick border--black mx-sm-2 mx-0 clearfix"> <h3 class="mustread-stories font--playfair-display my-2"><a class="mustread-stories" href="/web/20180225071350/https://www.dawn.com/must-read">Must read</a></h3> <div class=" slideshow--list pr-0 pr-sm-2 col-sm-4 col-12 float-left slideshow--mustread--first mt-2"> <div class="clear--both"> <div class="slideshow--row__item active pr-0 pr-sm-2 mb-2 lap-and-up-border--right palm-border--bottom equalize float-left" data-id="0" style="float:left;width:99%;">  <article class="box story mt-1 mb-1 mb-sm-2 mt-sm-0 pt-0 pb-2 pt-1 pt-sm-0 pr-0" data-id="1391629" data-layout="story">  <figure class="media media--stretch col-12 px-0 "> <div class="media__item "><a title="" href="https://web.archive.org/web/20180225071350/https://www.dawn.com/news/1391629/the-inevitable-collision"><img src="https://web.archive.org/web/20180225071350im_/https://i.dawn.com/medium/2018/02/5a9226efb80a7.jpg" alt="The inevitable collision"/></a></div> </figure> <div class="clearfix"></div>  <h2 data-layout="story" data-id="1391629" class="story__title font--playfair-display "><a href="https://web.archive.org/web/20180225071350/https://www.dawn.com/news/1391629/the-inevitable-collision" class="story__link">The inevitable collision</a></h2>  <div class="story__excerpt size-three font--georgia ">The boys haven’t ventured down this path, walked us all this way, only to let Nawaz win the next election. </div> </article>  </div> </div><div class="clear--both"> </div></div> <div class=" slideshow--list slideshow--mustread col-sm-8 col-12 float-left mt-2"> <div class="clear--both"> <div class="slideshow--row__item active pr-0 pr-sm-2 mb-2 lap-and-up-border--right palm-border--bottom equalize float-left" data-id="0" style="float:left;width:24%;margin-right:1.3333333333333%;">  <article class="box story mt-1 mb-1 mb-sm-2 mt-sm-0 pt-0 pb-1 pb-sm-2 pt-1 pt-sm-0 pr-0" data-id="1391633" data-layout="story">  <figure class="media media--focus media--stretch col-sm-12 col-3 mr-sm-0 mr-2 float-sm-none px-0 "> <div class="media__item media__item--100 "><a title="" href="https://web.archive.org/web/20180225071350/https://www.dawn.com/news/1391633/the-great-fatf-fumble"><img src="https://web.archive.org/web/20180225071350im_/https://i.dawn.com/medium/2018/02/5a922bdf2bd5e.jpg" alt="The great FATF fumble"/></a></div> </figure>  <h2 data-layout="story" data-id="1391633" class="story__title font--playfair-display py-0 "><a href="https://web.archive.org/web/20180225071350/https://www.dawn.com/news/1391633/the-great-fatf-fumble" class="story__link">The great FATF fumble</a></h2> <div class=" mt-1 "><span class="story__byline size-three text--black "></span> </div></article>  </div> <div class="slideshow--row__item pr-0 pr-sm-2 mb-2 lap-and-up-border--right palm-border--bottom equalize float-left" data-id="1" style="float:left;width:24%;margin-right:1.3333333333333%;">  <article class="box story mt-1 mb-1 mb-sm-2 mt-sm-0 pt-0 pb-1 pb-sm-2 pt-1 pt-sm-0 pr-0" data-id="1391635" data-layout="story">  <figure class="media media--focus col-sm-12 col-3 mr-sm-0 mr-2 float-sm-none px-0 "> <div class="media__item media__item--100 "><a title="" href="https://web.archive.org/web/20180225071350/https://www.dawn.com/news/1391635/feminism-and-islam-in-colonial-india"><img src="https://web.archive.org/web/20180225071350im_/https://i.dawn.com/medium/2018/02/5a924c847e87b.jpg" alt="Feminism and Islam in colonial India"/></a></div> </figure>  <h2 data-layout="story" data-id="1391635" class="story__title font--playfair-display py-0 "><a href="https://web.archive.org/web/20180225071350/https://www.dawn.com/news/1391635/feminism-and-islam-in-colonial-india" class="story__link">Feminism and Islam in colonial India</a></h2> <div class=" mt-1 "><span class="story__byline size-three text--black "></span> </div></article>  </div> <div class="slideshow--row__item pr-0 pr-sm-2 mb-2 lap-and-up-border--right palm-border--bottom equalize float-left" data-id="2" style="float:left;width:24%;margin-right:1.3333333333333%;">  <article class="box story mt-1 mb-1 mb-sm-2 mt-sm-0 pt-0 pb-1 pb-sm-2 pt-1 pt-sm-0 pr-0" data-id="1391488" data-layout="story">  <figure class="media media--focus media--stretch col-sm-12 col-3 mr-sm-0 mr-2 float-sm-none px-0 "> <div class="media__item media__item--100 "><a title="" href="https://web.archive.org/web/20180225071350/https://www.dawn.com/news/1391488/najam-sethi-bringing-cricket-back-home-from-exile"><img src="https://web.archive.org/web/20180225071350im_/https://i.dawn.com/medium/2018/02/5a91ce7f52a59.jpg" alt="Najam Sethi: Bringing cricket back home from exile"/></a></div> </figure>  <h2 data-layout="story" data-id="1391488" class="story__title font--playfair-display py-0 "><a href="https://web.archive.org/web/20180225071350/https://www.dawn.com/news/1391488/najam-sethi-bringing-cricket-back-home-from-exile" class="story__link">Najam Sethi: Bringing cricket back home from exile</a></h2> <div class=" mt-1 "><span class="story__byline size-three text--black "><a href="https://web.archive.org/web/20180225071350/https://www.dawn.com/authors/609/herald-exclusive">Herald Exclusive</a></span> </div></article>  </div> <div class="slideshow--row__item pr-0 pr-sm-2 mb-2 lap-and-up-border--right palm-border--bottom equalize float-left" data-id="3" style="float:left;width:24%;">  <article class="box story mt-1 mb-1 mb-sm-2 mt-sm-0 pt-0 pb-1 pb-sm-2 pt-1 pt-sm-0 pr-0" data-id="1391402" data-layout="story">  <figure class="media media--focus media--stretch col-sm-12 col-3 mr-sm-0 mr-2 float-sm-none px-0 "> <div class="media__item media__item--100 "><a title="" href="https://web.archive.org/web/20180225071350/https://www.dawn.com/news/1391402/can-the-three-pillars-of-the-state-coexist-in-harmony"><img src="https://web.archive.org/web/20180225071350im_/https://i.dawn.com/medium/2018/02/5a90df2ff3e38.jpg" alt="Can the three pillars of the state coexist in harmony?"/></a></div> </figure>  <h2 data-layout="story" data-id="1391402" class="story__title font--playfair-display py-0 "><a href="https://web.archive.org/web/20180225071350/https://www.dawn.com/news/1391402/can-the-three-pillars-of-the-state-coexist-in-harmony" class="story__link">Can the three pillars of the state coexist in harmony?</a></h2> <div class=" mt-1 "><span class="story__byline size-three text--black "></span> </div></article>  </div> </div><div class="clear--both"> </div></div> </div> <div class="border--top border--thick border--black mx-sm-2 mx-0 clearfix"> <h3 class="opinion-stories font--playfair-display my-2"><a class="opinion-stories" href="/web/20180225071350/https://www.dawn.com/opinion">Opinion</a></h3> <div class=" slideshow--list pr-0 pr-sm-2 col-sm-4 col-12 float-left slideshow--opinion--first mt-2"> <div class="clear--both"> <div class="slideshow--row__item active pr-0 pr-sm-2 mb-2 lap-and-up-border--right palm-border--bottom equalize float-left" data-id="0" style="float:left;width:99%;">  <article class="box story mt-1 mb-1 mb-sm-2 mt-sm-0 pt-0 pb-2 pt-1 pt-sm-0 pr-0" data-id="1391612" data-layout="story">  <figure class="media media--stretch col-12 px-0 "> <div class="media__item "><a title="" href="https://web.archive.org/web/20180225071350/https://www.dawn.com/news/1391612/unfair-positions"><img src="https://web.archive.org/web/20180225071350im_/https://i.dawn.com/medium/2018/02/5a921cc9e19e8.jpg" alt="Unfair positions"/></a></div> </figure> <div class="clearfix"></div>  <h2 data-layout="story" data-id="1391612" class="story__title font--playfair-display "><a href="https://web.archive.org/web/20180225071350/https://www.dawn.com/news/1391612/unfair-positions" class="story__link">Unfair positions</a></h2>  <div class="story__excerpt size-three font--georgia ">Subservience to authority rather than a suitability is the selection criteria. </div> </article>  </div> </div><div class="clear--both"> </div></div> <div class=" slideshow--list slideshow--opinion col-sm-8 col-12 float-left mt-2"> <div class="clear--both"> <div class="slideshow--row__item active pr-0 pr-sm-2 mb-2 lap-and-up-border--right palm-border--bottom equalize float-left" data-id="0" style="float:left;width:24%;margin-right:1.3333333333333%;">  <article class="box story mt-1 mb-1 mb-sm-2 mt-sm-0 pt-0 pb-1 pb-sm-2 pt-1 pt-sm-0 pr-0" data-id="1391611" data-layout="story">  <figure class="media media--focus media--stretch col-sm-12 col-3 mr-sm-0 mr-2 float-sm-none px-0 "> <div class="media__item media__item--100 "><a title="" href="https://web.archive.org/web/20180225071350/https://www.dawn.com/news/1391611/missing-links"><img src="https://web.archive.org/web/20180225071350im_/https://i.dawn.com/medium/2018/02/5a921c452681d.jpg" alt="Missing links"/></a></div> </figure>  <h2 data-layout="story" data-id="1391611" class="story__title font--playfair-display py-0 "><a href="https://web.archive.org/web/20180225071350/https://www.dawn.com/news/1391611/missing-links" class="story__link">Missing links</a></h2> <div class=" mt-1 "><span class="story__byline size-three text--black "><a href="https://web.archive.org/web/20180225071350/https://www.dawn.com/authors/772/nazish-brohi">Nazish Brohi</a></span> </div></article>  </div> <div class="slideshow--row__item pr-0 pr-sm-2 mb-2 lap-and-up-border--right palm-border--bottom equalize float-left" data-id="1" style="float:left;width:24%;margin-right:1.3333333333333%;">  <article class="box story mt-1 mb-1 mb-sm-2 mt-sm-0 pt-0 pb-1 pb-sm-2 pt-1 pt-sm-0 pr-0" data-id="1391610" data-layout="story">  <figure class="media media--focus media--stretch col-sm-12 col-3 mr-sm-0 mr-2 float-sm-none px-0 "> <div class="media__item media__item--100 "><a title="" href="https://web.archive.org/web/20180225071350/https://www.dawn.com/news/1391610/a-double-squeeze"><img src="https://web.archive.org/web/20180225071350im_/https://i.dawn.com/medium/2018/02/5a921bdfb7f97.jpg" alt="A double squeeze"/></a></div> </figure>  <h2 data-layout="story" data-id="1391610" class="story__title font--playfair-display py-0 "><a href="https://web.archive.org/web/20180225071350/https://www.dawn.com/news/1391610/a-double-squeeze" class="story__link">A double squeeze</a></h2> <div class=" mt-1 "><span class="story__byline size-three text--black "><a href="https://web.archive.org/web/20180225071350/https://www.dawn.com/authors/193/cyril-almeida">Cyril Almeida</a></span> </div></article>  </div> <div class="slideshow--row__item pr-0 pr-sm-2 mb-2 lap-and-up-border--right palm-border--bottom equalize float-left" data-id="2" style="float:left;width:24%;margin-right:1.3333333333333%;">  <article class="box story mt-1 mb-1 mb-sm-2 mt-sm-0 pt-0 pb-1 pb-sm-2 pt-1 pt-sm-0 pr-0" data-id="1391596" data-layout="story">  <figure class="media media--focus media--stretch col-sm-12 col-3 mr-sm-0 mr-2 float-sm-none px-0 "> <div class="media__item media__item--100 "><a title="" href="https://web.archive.org/web/20180225071350/https://www.dawn.com/news/1391596/reversing-the-downward-spiral"><img src="https://web.archive.org/web/20180225071350im_/https://i.dawn.com/medium/2018/02/5a91ef93c5e57.jpg" alt="Reversing the downward spiral"/></a></div> </figure>  <h2 data-layout="story" data-id="1391596" class="story__title font--playfair-display py-0 "><a href="https://web.archive.org/web/20180225071350/https://www.dawn.com/news/1391596/reversing-the-downward-spiral" class="story__link">Reversing the downward spiral</a></h2> <div class=" mt-1 "><span class="story__byline size-three text--black "><a href="https://web.archive.org/web/20180225071350/https://www.dawn.com/authors/179/bina-shah">Bina Shah</a></span> </div></article>  </div> <div class="slideshow--row__item pr-0 pr-sm-2 mb-2 lap-and-up-border--right palm-border--bottom equalize float-left" data-id="3" style="float:left;width:24%;">  <article class="box story mt-1 mb-1 mb-sm-2 mt-sm-0 pt-0 pb-1 pb-sm-2 pt-1 pt-sm-0 pr-0" data-id="1391388" data-layout="story">  <figure class="media media--focus media--stretch col-sm-12 col-3 mr-sm-0 mr-2 float-sm-none px-0 "> <div class="media__item media__item--100 "><a title="" href="https://web.archive.org/web/20180225071350/https://www.dawn.com/news/1391388/judicial-overreach"><img src="https://web.archive.org/web/20180225071350im_/https://i.dawn.com/medium/2018/02/5a90bed6bd969.jpg" alt="Judicial overreach"/></a></div> </figure>  <h2 data-layout="story" data-id="1391388" class="story__title font--playfair-display py-0 "><a href="https://web.archive.org/web/20180225071350/https://www.dawn.com/news/1391388/judicial-overreach" class="story__link">Judicial overreach</a></h2> <div class=" mt-1 "><span class="story__byline size-three text--black "><a href="https://web.archive.org/web/20180225071350/https://www.dawn.com/authors/271/irfan-husain">Irfan Husain</a></span> </div></article>  </div> </div><div class="clear--both"> </div></div> </div> <div class="border--top border--thick border--black mx-sm-2 mx-0"> <h3 class="editorial-stories font--playfair-display my-2"><a class="editorial-stories" href="/web/20180225071350/https://www.dawn.com/opinion">Editorial</a></h3> <div class=" slideshow--list slideshow--editorial mt-2"> <div class="clear--both"> <div class="slideshow--row__item active pr-0 pr-sm-2 mb-2 lap-and-up-border--right palm-border--bottom equalize float-left" data-id="0" style="float:left;width:15.666666666667%;margin-right:1.2%;">  <article class="box story mt-1 mb-1 mb-sm-2 mt-sm-0 pt-0 pb-1 pb-sm-2 pt-1 pt-sm-0 pr-0" data-id="1391593" data-layout="story"><span class="story__time size-two text--gray font--arial ">February 25, 2018</span>  <h2 data-layout="story" data-id="1391593" class="story__title size-four font--playfair-display "><a href="https://web.archive.org/web/20180225071350/https://www.dawn.com/news/1391593/alone-at-fatf" class="story__link">Alone at FATF</a></h2>  <div class="story__excerpt size-three font--georgia ">NOW that the news from the just-concluded round of meetings of the Financial Action Task Force held in Paris has ... </div> </article>  </div> <div class="slideshow--row__item pr-0 pr-sm-2 mb-2 lap-and-up-border--right palm-border--bottom equalize float-left" data-id="1" style="float:left;width:15.666666666667%;margin-right:1.2%;">  <article class="box story mt-1 mb-1 mb-sm-2 mt-sm-0 pt-0 pb-1 pb-sm-2 pt-1 pt-sm-0 pr-0" data-id="1391592" data-layout="story"><span class="story__time size-two text--gray font--arial ">February 25, 2018</span>  <h2 data-layout="story" data-id="1391592" class="story__title size-four font--playfair-display "><a href="https://web.archive.org/web/20180225071350/https://www.dawn.com/news/1391592/nab-bureaucracy-war" class="story__link">NAB-bureaucracy war</a></h2>  <div class="story__excerpt size-three font--georgia ">THE provincial and federal bureaucracies are deeply flawed, ineffective and widely perceived to be corrupt. Members... </div> </article>  </div> <div class="slideshow--row__item pr-0 pr-sm-2 mb-2 lap-and-up-border--right palm-border--bottom equalize float-left" data-id="2" style="float:left;width:15.666666666667%;margin-right:1.2%;">  <article class="box story mt-1 mb-1 mb-sm-2 mt-sm-0 pt-0 pb-1 pb-sm-2 pt-1 pt-sm-0 pr-0" data-id="1391591" data-layout="story"><span class="story__time size-two text--gray font--arial ">February 25, 2018</span>  <h2 data-layout="story" data-id="1391591" class="story__title size-four font--playfair-display "><a href="https://web.archive.org/web/20180225071350/https://www.dawn.com/news/1391591/asbestos-ban-in-industry" class="story__link">Asbestos ban in industry</a></h2>  <div class="story__excerpt size-three font--georgia ">WHEN profit-making enterprises neglect occupational safety and health measures in gross violation of workers’ ... </div> </article>  </div> <div class="slideshow--row__item pr-0 pr-sm-2 mb-2 lap-and-up-border--right palm-border--bottom equalize float-left" data-id="3" style="float:left;width:15.666666666667%;margin-right:1.2%;">  <article class="box story mt-1 mb-1 mb-sm-2 mt-sm-0 pt-0 pb-1 pb-sm-2 pt-1 pt-sm-0 pr-0" data-id="1391384" data-layout="story"><span class="story__time size-two text--gray font--arial "><span class="timestamp--label">Updated</span> February 24, 2018</span>  <h2 data-layout="story" data-id="1391384" class="story__title size-four font--playfair-display "><a href="https://web.archive.org/web/20180225071350/https://www.dawn.com/news/1391384/senate-poll-challenge" class="story__link">Senate poll challenge</a></h2>  <div class="story__excerpt size-three font--georgia ">An unusual problem has been solved in an unusual manner, giving rise to the usual speculation of partisanship and bias. </div> </article>  </div> <div class="slideshow--row__item pr-0 pr-sm-2 mb-2 lap-and-up-border--right palm-border--bottom equalize float-left" data-id="4" style="float:left;width:15.666666666667%;margin-right:1.2%;">  <article class="box story mt-1 mb-1 mb-sm-2 mt-sm-0 pt-0 pb-1 pb-sm-2 pt-1 pt-sm-0 pr-0" data-id="1391383" data-layout="story"><span class="story__time size-two text--gray font--arial "><span class="timestamp--label">Updated</span> February 24, 2018</span>  <h2 data-layout="story" data-id="1391383" class="story__title size-four font--playfair-display "><a href="https://web.archive.org/web/20180225071350/https://www.dawn.com/news/1391383/back-to-load-shedding" class="story__link">Back to load-shedding</a></h2>  <div class="story__excerpt size-three font--georgia ">The govt has acknowledged that there is more to resolving the persistent power shortages than raw megawatts alone. </div> </article>  </div> <div class="slideshow--row__item pr-0 pr-sm-2 mb-2 lap-and-up-border--right palm-border--bottom equalize float-left" data-id="5" style="float:left;width:15.666666666667%;">  <article class="box story mt-1 mb-1 mb-sm-2 mt-sm-0 pt-0 pb-1 pb-sm-2 pt-1 pt-sm-0 pr-0" data-id="1391382" data-layout="story"><span class="story__time size-two text--gray font--arial ">February 24, 2018</span>  <h2 data-layout="story" data-id="1391382" class="story__title size-four font--playfair-display "><a href="https://web.archive.org/web/20180225071350/https://www.dawn.com/news/1391382/dangerous-nexus" class="story__link">Dangerous nexus</a></h2>  <div class="story__excerpt size-three font--georgia ">INEXTRICABLY linked, illicit economies and organised crime pose extreme threats to societies. 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PSX losing streak enters fourth week - Pakistan - DAWN.COM