News Archives for Print - 2013-08-19

Punjab Chief Minister Muhammad Shahbaz Sharif has said that he is deeply grieved at the losses due to recent rains and floods in the province. He said that relief and rehabilitation of flood victims is the top priority of the government and all out resour

Published 19 Aug, 2013 12:00am

JI protests against army crackdown in Egypt

Secretary General Jamaat-i-Islami (JI) Liaquat Baloch has asked the international community especially Muslim rulers to play their due role in restoration of ousted Egypt President Mohammad Morsi's government. He said that criminal proceedings should be i

Published 19 Aug, 2013 12:00am

Community participation inevitable to control dengue: minister

Provincial Minister for Health, Khalil Tahir Sindhu has said that Chief Minister Punjab Shahbaz Sharif and the provincial government are determined to control dengue and the collective efforts of the government departments, people and media are showing po

Published 19 Aug, 2013 12:00am

Imran pledges incentives, security to investors in KP

Pakistan Tehrik-e-Insaf Chairman Imran Khan has said that steps would be taken to attract local and foreign investments in various sectors in Khyber Pakhtunkhwa. PTI Chief said this while addressing a public rally here at Tahmash Khan Football Ground at S

Published 19 Aug, 2013 12:00am

Three fall prey to violence in Karachi

At least three persons were killed in different incidents of violence in the city on Sunday, police and rescue sources said. A man was gunned down by unknown armed men in Shafi Mohammad Goth, Korangi area in the limits of Shah Latif police station. Police

Published 19 Aug, 2013 12:00am

'Power without accountability leads to corruption'

Chief Minister, Khyber Pakhtunkhwa Pervez Khattak has said that their reform agenda focuses mainly on bringing about visible changes in the local bodies system, healthcare, education, institution building, e-government and youth affairs. However, he said

Published 19 Aug, 2013 12:00am

'Efficient logistics systems can strengthen the entire economic structure,' Group CEO Dynamic Logistics International (Pvt) Limited

Irfan A. Faridi is Group CEO of Dynamic Logistics International Pvt. Limited. Operating for more than 25 years, DLI enjoys a global presence with its corporate office in Dubai, United Arab Emirates, while Company Headquarters is located in Karachi, along

Published 19 Aug, 2013 12:00am

'Efficient logistics systems can strengthen the entire economic structure,' Group CEO Dynamic Logistics International (Pvt) Limited

Irfan A. Faridi is Group CEO of Dynamic Logistics International Pvt. Limited. Operating for more than 25 years, DLI enjoys a global presence with its corporate office in Dubai, United Arab Emirates, while Company Headquarters is located in Karachi, along

Published 19 Aug, 2013 12:00am

Foreigners flocking to Greek islands help boost economy

A year ago tourists venturing to Greece for their summer holidays risked becoming caught up in violent demonstrations and strikes against the country's tough austerity measures. But this summer, foreigners are flocking to the sun-drenched Greek islands an

Published 19 Aug, 2013 12:00am

Future of SOEs

Apropos August 15 meeting of Economic Co-ordination Committee (ECC), it is interesting to note that PIA has been asked to work out a viable plan to significantly reduce its losses. That country's national flag carrier needs attention is a reality that has

Published 19 Aug, 2013 12:00am

Indian cancer patients find uncertain shelter on street

With just a patchwork of colourful plastic sheets to shield patients from the heavy monsoon rains, a Mumbai street acts as an unofficial ward to one of India's top cancer treatment centres. Every year, the Tata Memorial Hospital draws tens of thousands of

Published 19 Aug, 2013 12:00am

Politics of energy

The newly-elected PML (N) government released its energy policy amidst much fanfare. Ignored by the media was the last sentence of the second paragraph, "this document does not elaborate on issues surrounding operational strategy, nor does it lay out deta

Published 19 Aug, 2013 12:00am

Looking back at Capital's dramatic event

Interior Minister Chaudhry Nisar Ali Khan addressed a news conference on Friday to justify why it took so long for the capital police to neutralise the armed man who used his wife and two minor children as shields, gripping a terrorism-weary nation's atte

Published 19 Aug, 2013 12:00am

Parliamentary approval for amnesty schemes

The Income Tax Ordinance 2001 stipulates that the government must seek parliamentary approval for every amnesty scheme that it seeks to launch. The objective: to have an across-the-political-divide debate on grant of amnesty to those who have in effect ch

Published 19 Aug, 2013 12:00am

Five killed by leftist guerrillas in Paraguay: police

Leftist guerrillas kidnapped and killed five guards who worked for a cattle ranch north of Asuncion, police said Sunday. Another police officer was wounded in an ambush when he and other officers arrived on the scene. Interior Minister Francisco de Vargas

Published 19 Aug, 2013 12:00am

Bolivian says ancient Andean diet has kept him alive for 123 years

Bolivian indigenous farmer Carmelo Flores, who could be the oldest person to have ever lived, attributes his longevity to quinoa grains, riverside mushrooms and around-the-clock chewing of coca leaves. Speaking in the 4,000-metre (13,123-feet) high hamlet

Published 19 Aug, 2013 12:00am

Sri Lanka army intimidates media over shooting: rights group

A Sri Lankan media rights group on Sunday accused the military of intimidating journalists who reported a deadly army crackdown on villagers protesting at contaminated water supplies. The army has been come under pressure after soldiers fired on unarmed l

Published 19 Aug, 2013 12:00am

US lawmakers split on whether to cut Egypt aid

US lawmakers on Sunday were split over whether to cut military aid to Egypt after a violent crackdown on supporters of ousted Islamist president Mohamed Morsi. While condemning the use of force by the military-backed interim government, many lawmakers exp

Published 19 Aug, 2013 12:00am

China's fallen former high-flyer Bo to stand trial Thursday

The trial of disgraced senior Chinese politician Bo Xilai will start on Thursday, when he will face charges of bribery, corruption and abuse of power in China's most divisive and dramatic case in decades. The long-awaited trial of Bo, 64, a "princeling" s

Published 19 Aug, 2013 12:00am

Swiss officials want DNA tests on 'family' of asylum seekers

Some Swiss cantons are demanding systematic DNA tests on asylum seekers - specifically Eritreans - who say they are coming to the country to join family members, a newspaper reported Sunday. Eritreans represent the largest group seeking asylum in Switzerl

Published 19 Aug, 2013 12:00am

Chinese policeman detained for throwing baby

Chinese authorities have detained a policeman accused of grabbing a seven-month-old baby girl from her parents and throwing her on the ground, fracturing her skull, state media said Sunday. Guo Zengxi, a policeman from the central city of Linzhou in Henan

Published 19 Aug, 2013 12:00am

Syrian refugee 'river' crosses into Iraq: UN

Thousands of Syrians are flowing across the border into Iraq's Kurdish region to escape battles between jihadists and Kurd forces in their homeland, the UN refugee agency said Sunday. The UN's refugee agency reported a "river" of Syrians crossing into Ira

Published 19 Aug, 2013 12:00am

Five Bahraini security officers injured by homemade bomb in village

Five Bahraini security officers were injured, two seriously, when a bomb exploded in a village in the north of the Gulf island kingdom that is grappling with renewed pro-democracy protests and attacks on police and the military.

Published 19 Aug, 2013 12:00am

Mexico arrests Gulf drug cartel leader

The leader of the Gulf cartel was transferred Sunday to Mexico City for questioning after his capture near the northern border with the United States. Mario Armando Ramirez Trevino was arrested Saturday morning in a military operation near the border city

Published 19 Aug, 2013 12:00am

UK's Prescott joins criticism of Labour leadership

Former deputy Prime Minister John Prescott joined critics of Ed Milliband's leadership of Britain's opposition Labour party, saying the party had "massively failed" in its summer political campaign. His comments followed warnings from other senior party f

Published 19 Aug, 2013 12:00am

Extra vitamin D doesn't cut high blood pressure

In older people with low vitamin D levels and a common type of high blood pressure, vitamin D supplements do not appear to lower blood pressure, according to a new study from the UK. Among study participants who were at least 70 years old, researchers fou

Published 19 Aug, 2013 12:00am

Too late to stop extreme heat waves

Climate change will trigger harsher and more frequent heat waves in the next 30 years regardless of the amount of Earth-warming carbon dioxide we emit, a study said on August 15. But targets adopted today for curbing greenhouse gas emissions will determin

Published 19 Aug, 2013 12:00am

Bee sting therapy causing a buzz in China

Patients in China are swarming to acupuncture clinics to be given bee stings to treat or ward off life-threatening illness, practitioners say. More than 27,000 people have undergone the painful technique - each session can involve dozens of punctures - at

Published 19 Aug, 2013 12:00am

Healthy diet in diabetes tied to less kidney disease

People with diabetes who ate a diet consistent with general health guidelines and high in fruit, vegetables, fiber and unsaturated fat were less likely to develop kidney disease than unhealthy eaters, in a new study. Researchers also found that eating nor

Published 19 Aug, 2013 12:00am

Climate change seen behind ancient civilizations' fall

A cold, dry spell that lasted hundreds of years may have driven the collapse of Eastern Mediterranean civilizations in the 13th century BC, researchers in France said on August 14. In the Late Bronze Age, powerful kingdoms spanned lands that are now Egypt

Published 19 Aug, 2013 12:00am

Big animals crucial for soil fertility

The mass extinction of large animals in the Pleistocene era caused today's dearth of soil nutrients, scientists said on August 11, and warned of further damage if modern giants like the elephant disappear. The Pleistocene epoch, which dated from about 2.6

Published 19 Aug, 2013 12:00am

Camels become prime suspects in deadly Saudi virus outbreak

People infected with a deadly virus that emerged in Saudi Arabia last year may have caught it from one-humped camels, used in the region for meat, milk, transport and racing. In a study into what kind of animal "reservoir" may be fuelling the outbreak in

Published 19 Aug, 2013 12:00am

Gene study uncovers origins of many cancers

Researchers in Britain have set out the first comprehensive map of mutational processes behind the development of tumours - work that should in future lead to better ways to treat and prevent a wide range of cancers. In a study published in the journal Na

Published 19 Aug, 2013 12:00am

Facebook boosts connections, not happiness

People who use Facebook may feel more connected, but less happy. A study of young adults released on August 14 concluded that the more people used Facebook, the worse they subsequently felt. "On the surface, Facebook provides an invaluable resource for fu

Published 19 Aug, 2013 12:00am

London moves to stop rubbish bins spying on pedestrians

They had the gadgetry, but none of the glamour of James Bond - and now authorities in London's financial district are demanding that a firm's high-tech rubbish bins stop spying on passers-by. "We have already asked the firm concerned to stop this data col

Published 19 Aug, 2013 12:00am

German university presents ultra-fast satellite computer

One of the fastest and most compact satellite computers in the world has been developed by students at the University of Stuttgart in Germany and will be sent into space next year on a commercial rocket. The computer is part of a small, 130-kilogram satel

Published 19 Aug, 2013 12:00am

Windows 8.1 set for October 18 release: Microsoft

A tweaked version of Microsoft's Windows operating system which restores the "Start" button missed by users and updates other features will be available on October 18, the company said on August 14. Windows 8.1 will be offered as a free download to those

Published 19 Aug, 2013 12:00am

Singapore firm launches in-flight Muslim prayer app

A Singapore-based company on August 13 has launched an iPhone app alerting Muslims when to pray and in which direction they should face even when they're 35,000 feet in the air. Travellers input the flight details and are provided with prayer times during

Published 19 Aug, 2013 12:00am

China's ZTE launches Firefox phones in US, UK

Chinese telecom giant ZTE announced plans on Monday to sell a low-cost smartphone using the open source Firefox operating system in the United States and Britain. ZTE said its Open Firefox OS phone will be sold through eBay in the US for $79.99 and 59.99

Published 19 Aug, 2013 12:00am

North Korea unveils 'secure, homemade' smartphone

North Korea, one of the most isolated and censored societies on the planet, has unveiled what it says is a domestically-produced smartphone. Industry analysts say the "Arirang", built around Google's Android OS, is likely manufactured in neighbouring Chin

Published 19 Aug, 2013 12:00am

The right clip for everybody: Vodio collects web videos

There are enough videos on the internet to spend years watching new clips. And it can be difficult sometimes finding something actually interesting to watch in the flood of irrelevance. A perfect help for that is the app Vodio, a personal video curator of

Published 19 Aug, 2013 12:00am

Microsoft releases Office for Android smartphones

Microsoft has released a version of its office programme Office 365 designed to be used on smartphones with the Google operating system Android. The app was initially available only for US users through the Google Play Store but is being gradually activat

Published 19 Aug, 2013 12:00am

Apple to release new iPad, iPhone in autumn

Apple plans to unveil updated models of its iPad tablet computer - to go along with new iPhone versions coming in September - ahead of the important Christmas shopping season, reports said on August 13. The news about the new iPads comes on the heels of w

Published 19 Aug, 2013 12:00am

App helps Twitter protect user accounts

Twitter users can use a new app for iOS and Android devices to better protect their social network account from hackers and other attackers. The update features two-step verification. When activated, Twitter sends a confirmation request to the smartphone

Published 19 Aug, 2013 12:00am

Rival hammers Merkel at biggest campaign rally to date

German Chancellor Angela Merkel's struggling rival in next month's general election attempted to revive his campaign at the weekend by attacking her euro policy at his biggest rally to date. Peer Steinbrueck, candidate for the main opposition Social Democ

Published 19 Aug, 2013 12:00am

Submitting sales tax refund cases: FBR delays implementation of FTO's recommendations

Federal Board of Revenue (FBR) has delayed implementation of the key recommendations of the Federal Tax Ombudsman (FTO) to submit details of sales tax refund cases pending for more than one year across Pakistan and monitor the conduct of Inland Revenue Se

Published 19 Aug, 2013 12:00am

HEC working group workshop begins today

A three-day workshop of higher education working group under the auspices of Khyber Pakhtunkhwa Higher Education Department and University of Engineering and Technology (UET), Peshawar, will be held from 19-21 August at UET. Mushtaq Ghani, Advisor Higher

Published 19 Aug, 2013 12:00am

Three killed as passenger van plunges into ravine

At least three persons were killed and nine others injured when a passenger van plunged into a ravine here on Sunday.

Published 19 Aug, 2013 12:00am

Civil society hails promulgation of RTI Ordinance 2013 in KP

Welcoming the promulgation of "Right to Information Ordinance 2013 in Khyber Pakhtunkhwa", a civil society organisation has demanded that all relevant stakeholders to be consulted before its formal approval by the provincial legislator assembly, to make i

Published 19 Aug, 2013 12:00am

By-elections: five NA, four provincial assembly seats in KP likely to be keenly contested

A tough competition is expected among candidates of the ruling Pakistan Tehrik-e-Insaf, Jamiate Ulema Islam-F, and Awami National Party on five national and four provincial assembly seats in the upcoming by-elections in Khyber Pakhtunkhwa, to be held on A

Published 19 Aug, 2013 12:00am

Pak-Nepal Economic Commission: two-day meeting from today

The 6th session of Pakistan-Nepal Joint Economic Commission will be held here from August 19-20. Federal Minister for Finance, Revenue, Economic Affairs, Statistics and Privatisation Ishaq Dar and Nepalese Minister for Finance, Industry, Commerce and Supp

Published 19 Aug, 2013 12:00am

350 Indian prisoners to be released

Pakistan will soon release more than 350 Indian prisoners, a Foreign Ministry official told dpa Sunday, to defuse tensions after recent LoC clashes. Most of the Indians to be released are fishermen, who strayed into Pakistani waters after getting stranded

Published 19 Aug, 2013 12:00am

KP government decides to set up anti-corruption body: minister

Pakistan Tehreek-e-Insaf (PTI) provincial government has decided to establish an independent anti-corruption body headed by a senior government official in a bid to eradicate the menace of corruption. Provincial Minister for Education, Mohammad Atif told

Published 19 Aug, 2013 12:00am

Spain fishermen protest artificial reef in Gibraltar

Spanish fishermen protested against the creation of an artificial reef in the bay of Gibraltar on Sunday and claimed the territory's authorities were blocking their access to the waters in the latest focus of tensions between Spain and Britain.

Published 19 Aug, 2013 12:00am

Glencore to take up to $7 billion hit on Xstrata assets

Glencore Xstrata is expected to write down the value of assets inherited from Xstrata by as much as $7 billion when it reports first-half earnings on Tuesday - the first full set of results since the take-over that created the mining giant in May.

Published 19 Aug, 2013 12:00am

Fracking protesters march in British rural idyll

British opposition to shale gas extraction flared up in the tiny village of Balcombe on Sunday as hundreds marched on an oil exploration site in protest at the drilling process known as 'fracking'. Banner-waving men, women and children travelled in by bus

Published 19 Aug, 2013 12:00am

Investors bail out as India's rupee crisis deepens

Indian policymakers are looking increasingly panicky as they battle the worst currency crisis in more than two decades, and more worryingly there is no sign their remedies are working. The rupee lurched to a new lifetime low of 62.03 to the dollar on Frid

Published 19 Aug, 2013 12:00am

GM, BASF reopen in Egypt as Electrolux extends closure

General Motors and German chemicals firm BASF reopened facilities in Egypt on Sunday while Electrolux extended plant closures until security stabilises. Electrolux, the world's second-biggest home appliances maker with nearly 7,000 employees in Egypt, sus

Published 19 Aug, 2013 12:00am

Iran faces one-third budget shortfall

Iran faces a shortfall of one third in this year's budget due to lower than expected revenues and spending plans will be revised next month, senior government officials said. The country's oil exports, its major source of revenues, have halved since 2011

Published 19 Aug, 2013 12:00am

Growth-at-any price loses appeal for emerging market investors

If the popping of the dot-com bubble in 2000 spelled the demise of growth-at-any price investment strategies in the West, 2013 may be the year for this to happen in emerging markets. Emerging market investors, just like their dot-com predecessors of the 1

Published 19 Aug, 2013 12:00am

Growth-at-any price loses appeal for emerging market investors

If the popping of the dot-com bubble in 2000 spelled the demise of growth-at-any price investment strategies in the West, 2013 may be the year for this to happen in emerging markets. Emerging market investors, just like their dot-com predecessors of the 1

Published 19 Aug, 2013 12:00am

Australian Prime Minister warns conservative victory risks recession

Australia's embattled Labor Prime Minister Kevin Rudd on Sunday warned the country faced the risk of a recession if the conservative opposition are elected at next month's polls. Rudd said opposition leader Tony Abbott, who is the frontrunner to win the S

Published 19 Aug, 2013 12:00am

Russia readies tighter customs if Ukraine signs EU deal

Russia is preparing tighter customs controls with Ukraine in case Kiev makes the "suicidal" move of signing an association agreement with the European Union, an aide to President Vladimir Putin was quoted as saying on Sunday. Russian border guards imposed

Published 19 Aug, 2013 12:00am

Greek privatisation agency chief quits

Greece dismissed the chairman of its privatisation agency on Sunday after a newspaper reported that he travelled on the private plane of a businessman who just bought a state company. Stelios Stavridis is the second head of HRADF to leave in less than six

Published 19 Aug, 2013 12:00am

Singapore to double capacity of Changi Airport

Singapore will build a new terminal that will double the capacity of Changi Airport in a bid to retain its edge as a regional aviation hub, Prime Minister Lee Hsien Loong said on Sunday. Construction work will begin soon and will be completed in 12 to 15

Published 19 Aug, 2013 12:00am

Britain's Barker claims IBF middleweight title

Britain's Darren Barker overcame a middle round knockdown to defeat Australian Daniel Geale with a split decision to win the International Boxing Federation middleweight title Saturday. The 31-year-old Barker battled hard in the early going but was knocke

Published 19 Aug, 2013 12:00am

Opening day wins for Real Sociedad, Valencia

Real Sociedad warmed up for their Champions League qualifier with Lyon on Tuesday in fine fashion as goals from Carlos Vela and Haris Seferovic handed them a 2-0 opening day victory over Getafe. The Basques put the departures of manager Philippe Montanier

Published 19 Aug, 2013 12:00am

Nadal beats Berdych, books Cincy final against Isner

Spain's Rafael Nadal rolled over sixth seed Tomas Berdych 7-5, 7-6 (7/4) on Saturday to set up a Cincinnati Masters final with John Isner. Isner benefited as Juan Martin del Potro double-faulted on match point to open the door to the unseeded American, wh

Published 19 Aug, 2013 12:00am

Moyes hails Van Persie, Rooney

Manchester United manager David Moyes praised both Robin van Persie and Wayne Rooney after his first Premier League match in charge of the English champions ended in a 4-1 win at Swansea. Van Persie and Danny Welbeck scored two goals apiece at the Liberty

Published 19 Aug, 2013 12:00am

Trott backs contentious DRS

England batsman Jonathan Trott came to the defence of cricket's controversial Decision Review System (DRS) on Sunday but called for greater "clarity" in the rules governing its use. During the ongoing Ashes series, where England have established a winning

Published 19 Aug, 2013 12:00am

Umar suffered seizure: relative

Pakistan's fast-rising batsman Umar Akmal suffered a seizure during a flight to Jamaica and spent a night in a hospital before being rushed home, a relative said on Sunday. "We are told that Umar suffered a seizure on the flight to Jamaica and was rushed

Published 19 Aug, 2013 12:00am

Williams to face Azarenka in Cincy final

Serena Williams staged comebacks in both sets to defeat China's Li Na 7-5, 7-5 and reach the final at the Cincinnati WTA tournament for the first time. She will face off for the title against world number two Victoria Azarenka, who won a match plagued by

Published 19 Aug, 2013 12:00am

Bolt equals world golds record with relay win

Usain Bolt equalled the record for the number of world golds won when he anchored the Jamaican 4x100m relay team to victory at the World Athletics Championships on Sunday. It was the Jamaican's eighth world gold medal after winning the 100 and 200m at the

Published 19 Aug, 2013 12:00am

Uncapped duo in England squad for Ashes finale

England included the uncapped duo of Warwickshire all-rounder Chris Woakes and Lancashire left-arm spinner Simon Kerrigan in a 14-man squad announced on Sunday for next week's fifth and final Ashes Test against Australia at The Oval. Woakes, already a one

Published 19 Aug, 2013 12:00am

Soldado gets Tottenham up and running

Roberto Soldado marked his Tottenham Hotspur league debut with the only goal of the game at promoted Crystal Palace on Sunday. With Gareth Bale absent through injury and his proposed world-record transfer to Real Madrid still hanging over the club, Totten

Published 19 Aug, 2013 12:00am

Zurich Insurance posts 17 percent net profit fall

Swiss insurer Zurich Insurance Group said on August 15 that net profits fell by 17 percent to $1.85 billion (1.39 billion euros) in the first half of the year on the back of weather-related disasters. Analysts polled by Swiss financial newswire AWP had ex

Published 19 Aug, 2013 12:00am

Maersk raises outlook after strong second quarter

Danish shipping and oil conglomerate A.P. Moeller-Maersk raised its 2013 earnings forecast on August 16 after registering a much better-than-expected second quarter. The group's net profit fell by 15 percent to 4.48 billion kroner (601 million euros, $801

Published 19 Aug, 2013 12:00am

Maersk raises outlook after strong second quarter

Danish shipping and oil conglomerate A.P. Moeller-Maersk raised its 2013 earnings forecast on August 16 after registering a much better-than-expected second quarter. The group's net profit fell by 15 percent to 4.48 billion kroner (601 million euros, $801

Published 19 Aug, 2013 12:00am

Volkswagen suffers rare drop in brand sales in ailing Europe

Europe's biggest automaker Volkswagen reported a rare dip in sales of its core passenger car brand and said business conditions remained tough, in an industry hampered by slumping demand and overcapacity. The VW namesake brand, accounting for about half o

Published 19 Aug, 2013 12:00am

Volkswagen suffers rare drop in brand sales in ailing Europe

Europe's biggest automaker Volkswagen reported a rare dip in sales of its core passenger car brand and said business conditions remained tough, in an industry hampered by slumping demand and overcapacity. The VW namesake brand, accounting for about half o

Published 19 Aug, 2013 12:00am

Swiss Life surprises with strong first half profits

Insurance giant Swiss Life on August 14 posted a near 30-percent rise in first-half net profits, attributing the boost to a solid performance in all areas and to strict management of margins. The group also said it was "on track" with its cost-cutting pro

Published 19 Aug, 2013 12:00am

Swiss Life surprises with strong first half profits

Insurance giant Swiss Life on August 14 posted a near 30-percent rise in first-half net profits, attributing the boost to a solid performance in all areas and to strict management of margins. The group also said it was "on track" with its cost-cutting pro

Published 19 Aug, 2013 12:00am

China Mobile first half net profit up 1.5 percent

China Mobile, the world's biggest mobile operator by subscribers, said on August 15 its net profit for the first six months of 2013 grew by 1.5 percent, beating analysts' predictions. The Hong Kong-listed company said in a filing to the city's stock excha

Published 19 Aug, 2013 12:00am

China Mobile first half net profit up 1.5 percent

China Mobile, the world's biggest mobile operator by subscribers, said on August 15 its net profit for the first six months of 2013 grew by 1.5 percent, beating analysts' predictions. The Hong Kong-listed company said in a filing to the city's stock excha

Published 19 Aug, 2013 12:00am

Ford Europe sees no quick end to price war

Europe's car market may have finally stopped shrinking, but pricing pressure will remain fierce until sales volume picks up considerably, a senior executive at US carmaker Ford told Reuters. While industry executives believe the worst is now behind them a

Published 19 Aug, 2013 12:00am

Alibaba buys stake in online shopping firm ShopRunner

Chinese e-commerce company Alibaba Group, which is preparing for an initial public offering in Hong Kong, has bought a minority stake in online shopping company ShopRunner, the Financial Times reported on august 16. The acquisition is part of a string of

Published 19 Aug, 2013 12:00am

SingTel says first quarter net profit up 7 percent

Singapore Telecom said on August 14 its net profit climbed 7.0 percent in the fiscal first quarter from the previous year on stronger contributions from regional associates and lower costs. Net profit in the three months ended June was Sg$1.01 billion ($7

Published 19 Aug, 2013 12:00am

SingTel says first quarter net profit up 7 percent

Singapore Telecom said on August 14 its net profit climbed 7.0 percent in the fiscal first quarter from the previous year on stronger contributions from regional associates and lower costs. Net profit in the three months ended June was Sg$1.01 billion ($7

Published 19 Aug, 2013 12:00am

Petrobras raises $2.1 billion in petrochemical and oil assets sale

Brazilian state-controlled oil company Petróleo Brasileiro SA raised $2.1 billion on August 16 from the sale of stakes in several petrochemical and oil exploration projects, making progress in its effort to shed non-core assets and protect cash.

Published 19 Aug, 2013 12:00am

Fridges, fudge and forecasts: investors pick out emerging stock themes

How do you work out what kind of foods people in developing countries will be eating in a few years' time? Go round to their richer neighbours and look in the fridge. Fund managers AllianceBernstein are taking a leaf out of the multinationals' books and d

Published 19 Aug, 2013 12:00am

Fridges, fudge and forecasts: investors pick out emerging stock themes

How do you work out what kind of foods people in developing countries will be eating in a few years' time? Go round to their richer neighbours and look in the fridge. Fund managers AllianceBernstein are taking a leaf out of the multinationals' books and d

Published 19 Aug, 2013 12:00am

Bangladesh's interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Sunday. 77.75-77.75 (77.75-77.75).

Published 19 Aug, 2013 12:00am

Malaysia's tycoon hires banks to advise on 7-Eleven IPO

Malaysian billionaire Vincent Tan has appointed Maybank Investment Bank and UBS AG to advise on the initial public offering of 7-Eleven Sdn Bhd, two sources with direct knowledge of the deal said. The deal is expected to raise around 700 million ringgit (

Published 19 Aug, 2013 12:00am

Currency	Rate
USD PKR Interbank Selling / Jun 14	278.71
USD PKR Interbank Buying / Jun 14	278.51
USD to Japanese Yen / Jun 14	157.40
USD to Swiss Franc / Jun 14	0.89
Pound Sterling to USD / Jun 14	1.28
Euro to USD / Jun 14	1.07

Stock	Volume
S&P 500 / Jun 14	5,431.60
India Sensex / Jun 14	76,992.77
Tokyo Nikkei / Jun 14	38,814.56
Nasdaq / Jun 14	17,688.88
Hang Seng / Jun 14	17,941.78
FTSE 100 / Jun 14	8,146.86
Dow Jones / Jun 14	38,589.16
Germany DAX 30 / Jun 14	18,002.02

Item	Value
Crude Oil USD/Barrel / Jun 14	78.45
Karachi Cotton PKR/37.32 KG / Jun 14	19,935
Gold 10 Grams PKR / Jun 14	207,047
Gold Spot USD/Ounce / Jun 14	2,333.04
Cotton US¢/pound / Jun 14	72.14
Petrol/Litre / Jun 17	258.16

Stock	Price
786 Invest Ltd / Jun 17 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Jun 17 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Jun 17 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Jun 17 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Jun 17 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Jun 17 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Jun 17 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Jun 17 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Jun 17 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Jun 17 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Jun 17 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Jun 17 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Jun 17 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Jun 17 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Jun 17 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Jun 17 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Jun 17 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Jun 17 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Jun 17 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Jun 17 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Jun 17 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Jun 17 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Jun 17 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Jun 17 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Jun 17 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Jun 17 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Jun 17 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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