News Archives for Print - 2014-05-26

The Weather

The weather report on Sunday (May 18, 2014) and the forecast for Monday (May 19, 2014).

Published 26 May, 2014 12:00am

Returns on Profit and Loss Sharing Investment Bank Accounts (JULY TO DECEMBER 2013)

Comparative table of returns being given banks on their Profit and Loss Sharing Investment Accounts and Term Deposits.

Published 26 May, 2014 12:00am

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (May 19 to 23 2014).

Published 26 May, 2014 12:00am

Aaj TV - Monday's schedule

All timings are in PST (Pakistan Standard Time).

Published 26 May, 2014 12:00am

Altaf's bank account: British Prime Minister urged to take notice of harassment

Muttahida Qaumi Movement (MQM) leader Dr Farooq Sattar on Sunday urged British Prime Minister David Cameron to take notice of what it said harassment of MQM chief Altaf Hussain and his colleagues in London. Addressing a mammoth rally expressing solidarity

Published 26 May, 2014 12:00am

Altaf's bank account: British Prime Minister urged to take notice of harassment

Muttahida Qaumi Movement (MQM) leader Dr Farooq Sattar on Sunday urged British Prime Minister David Cameron to take notice of what it said harassment of MQM chief Altaf Hussain and his colleagues in London. Addressing a mammoth rally expressing solidarity

Published 26 May, 2014 12:00am

Sindh Governor for enforcement of IP laws to attract investors

Sindh Governor Dr Ishrat-ul-Ebad Khan has said that complete enforcement of Intellectual Property (IP) laws in the country is necessary for attracting foreign investors. Addressing 1st Intellectual Property seminar and award distribution ceremony 2014 at

Published 26 May, 2014 12:00am

Seminar on 'Radicalism, Role of Civil Society, Media' today

The Sustainable Development Policy Institute (SDPI) and Ministry of Foreign Affairs Netherlands are jointly organising a seminar on "Radicalism; Role of Civil Society and Media" on Monday. Ch. Muhammad Bashir Virk, Chairperson, Standing Committee on Law,

Published 26 May, 2014 12:00am

68th anniversary of Jordan's Independence Day celebrated

Ambassador of Jordan to Pakistan Nawaf Saraireh on Sunday hosted a reception here to celebrate the 68th anniversary of Independence Day of Kingdom of Jordan. Minister for Information, Broadcasting and National Heritage Pervaiz Rashid was the chief guest a

Published 26 May, 2014 12:00am

Two youth drown in Hub stream

Two youth drowned while taking bath in a stream and another was rescued alive here on Sunday. Police said that a large number of youngsters were enjoying bathing in Hub stream to beat the scorching heat when three of them went into deep water and drowned.

Published 26 May, 2014 12:00am

Anti-polio campaign: 227,300 children to be vaccinated in Bajaur

A three-day anti polio drive in Bajaur agency will start from Monday in which 227,300 children below the age of five would be vaccinated for polio infection across the region. Talking to reporters during press briefing here, Agency Surgeon Bajaur.

Published 26 May, 2014 12:00am

Visiting foreign diplomats: HCCI voices concern over non-provision of security

President of Hyderabad Chamber of Commerce & Industry Gohar Ullah and other office bearers of the Chamber have expressed their serious concern over non-provision of security by Law enforcement Agencies to the foreign diplomats, who intend to visit Hyderab

Published 26 May, 2014 12:00am

Islamabad Airport: five arrested with fake documents

Federal Investigation Agency (FIA) arrested five persons with fake travelling documents here on Sunday. FIA sources said that at Benazir Bhutto International Airport, during verification process, passports and other travelling documents of five passengers

Published 26 May, 2014 12:00am

Kashmir issue: Nawaz must hold clear talks with Modi: Qureshi

Senior leader of Pakistan Tehreek-e-Insaf (PTI) Shah Mehmood Qureshi said on Sunday that Prime Minister Nawaz Sharif must hold clear talks with his Indian counterpart on Kashmir issue. Speaking to media persons, Qureshi said the prime minister should not

Published 26 May, 2014 12:00am

Gilani welcomes Nawaz Sharif's visit to India

Ex-prime minister and PPP leader Syed Yousuf Raza Gilani has welcomed Prime Minister Nawaz Sharif's decision to attend oath-taking ceremony of Narendra Modi in India. Talking to the media persons after attending 'Qul' of ex-MNA (late) Mohsin Qureshi in Ko

Published 26 May, 2014 12:00am

'Regulating quality is more important than regulating drug prices,' Executive Director Pharma Bureau

Pharmaceutical industry of Pakistan has been previously identified as a sunrise industry by international firms. The industry continues to complain about the working environment, especially the regulatory regime, which it believes is too strict and unheal

Published 26 May, 2014 12:00am

'Regulating quality is more important than regulating drug prices,' Executive Director Pharma Bureau

Pharmaceutical industry of Pakistan has been previously identified as a sunrise industry by international firms. The industry continues to complain about the working environment, especially the regulatory regime, which it believes is too strict and unheal

Published 26 May, 2014 12:00am

Development spending imperatives

Apropos 'PM briefed on PSDP priorities' carried by Business Recorder on Saturday, prime minister Nawaz Sharif appears to be highly optimistic about his government's vision in relation to development spending. He has reportedly stated that his gover

Published 26 May, 2014 12:00am

Liberians doing business in a country where nothing works

Plagued by power shortages, an erratic water supply and spiralling inflation, many entrepreneurs in Liberia's capital are finding their efforts to prosper in their new-found peace impossible.

Published 26 May, 2014 12:00am

Quality issues push e-cigarette production to US from China

Some of the leading US producers of electronic cigarettes are moving their manufacturing to the United States from China in response to growing concern about quality and the prospect of tighter federal regulations.

Published 26 May, 2014 12:00am

The politics of our economics

Ishaq Dar Federal Finance Minister stated that the budget must reflect the government's vision. Who actually determines Pakistan's economic policies? Is it the individual with the real power (and real power has rarely resided in the office of the minister

Published 26 May, 2014 12:00am

PM accepts Modi's invite

Prime Minister Nawaz Sharif has finally accepted India's invite to attend the swearing-in ceremony of premier-elect Narendra Modi. According to the programme received from India, the prime minister will have a bilateral meeting with Prime Minister Modi on

Published 26 May, 2014 12:00am

Metrobus and environment

Senate Subcommittee of the Standing Committee on Cabinet Secretariat expressed serious concerns on construction of the Metrobus project linking Rawalpindi with Islamabad all the way to the federal secretariat. The committee was of the view that as a resul

Published 26 May, 2014 12:00am

Ecuador president wants indefinite re-election

Ecuador President Rafael Correa on Saturday urged the National Assembly, where his party has an absolute majority, to amend the constitution so he can run for re-election in 2017 and beyond. Correa, in office since 2007, wants "indefinite re-election to a

Published 26 May, 2014 12:00am

Colombians vote for president with peace talks in the balance

Colombians voted for a president on Sunday in the tightest election in two decades that may determine whether the country continues peace talks with leftist guerrillas or steps up its battlefield offensive to end a 50-year war.

Published 26 May, 2014 12:00am

UK's next EU commissioner to be moderate Eurosceptic

British Prime Minister David Cameron will appoint a Conservative member of his cabinet seen as a moderate Eurosceptic to be the country's next European Commissioner, a report said on Sunday. Andrew Lansley, the leader of Britain's lower house of parliamen

Published 26 May, 2014 12:00am

Braced for EU vote loss, Cameron's party pledges immigration curbs

British Prime Minister David Cameron's Conservative party on Sunday promised new measures to curb immigration from the European Union as it braced for the results of European elections after losing hundreds of seats in local polls.

Published 26 May, 2014 12:00am

French far right poised for win as Europe votes on 'Super Sunday'

The far right anti-EU National Front was forecast to win a European Parliament election in France on Sunday, topping a nation-wide ballot for the first time in a stunning advance for opponents of European integration.

Published 26 May, 2014 12:00am

Top Nigerian Islamic cleric calls for unity against Boko Haram

The leader of Nigeria's Muslims on Sunday called for followers of the faith to unite against Boko Haram extremists, pledging the government full support to ensure their defeat. But the Sultan of Sokoto, Muhammad Sa'ad Abubakar III, also said the governmen

Published 26 May, 2014 12:00am

Bahrain says no plans to return ambassador to Qatar soon

Bahrain on Sunday ruled out returning its ambassador to Qatar soon, signalling that efforts to resolve the unprecedented rift within the US-allied Gulf Cooperation Council have yet to bear fruit. Saudi Arabia, Bahrain and the United Arab Emirates (UAE) re

Published 26 May, 2014 12:00am

Thousands of bikers in Washington for rally on POWs

Thousands of bikers roared through Washington for the annual Rolling Thunder rally Sunday, given added fervor this year amid anger over an ongoing scandal concerning medical care for veterans. Organisers estimated around 750,000 bikers and spectators had

Published 26 May, 2014 12:00am

Suspected Islamists kill 20 in Nigeria market attack

Suspected Islamist gunmen opened fire on a market in a Nigerian village on Sunday, killing 20 people in the latest violence against civilians in the north-east of Africa's top oil producer. The assailants surrounded the village of Kamuyya, a military sour

Published 26 May, 2014 12:00am

SAARC CCI lauds Prime Minister's decision to visit India

The SAARC Chamber of Commerce and Industry, an apex body of chambers in the region on Sunday lauded the decision of Prime Minister Muhammad Nawaz Sharif to visit India for attending oath-taking ceremony of Narendra Modi, which will help initiate durable p

Published 26 May, 2014 12:00am

Chinese language centre to be set up in Peshawar University

In a bid to implement the vision 2020 for internalisation of higher education institutions in Pakistan, the University of Peshawar and Shandong University of Science and Technology of China have signed an agreement for starting PhD split programme and est

Published 26 May, 2014 12:00am

KP government unlikely to achieve wheat procurement target

Khyber Pakhtunkhwa government is unlikely to achieve procurement target of wheat, fixed for the current season, as growers are preferring the private buyers, due to prevailing high rates in the open market, coupled with the ban on movement of wheat from P

Published 26 May, 2014 12:00am

Fazl lauds Prime Minister's decision to visit India

Jamiat Ulema-e-Islam-Fazl (JUI-F) chief Maulana Fazlur Rehman has said that Prime Minister Nawaz Sharif's decision of accepting the Indian invitation to attend the oath-taking ceremony of India's Prime Minister-elect Narendra Modi but 'one can't attach mu

Published 26 May, 2014 12:00am

Indian visit: Nawaz bypasses Parliament: Baloch

Secretary General, Jamaat e Islami, Liaqat Baloch, has said that Prime Minister Nawaz Sharif would be going to India after bypassing the Parliament, the national leadership and rubbing salt on the wounds of the Kashmir's undergoing the tyranny of Indian o

Published 26 May, 2014 12:00am

Livestock Business Facilitation Desk at KPCCI inaugurated

Khyber Pakhtunkhwa Minister for Agriculture Ikramullah Khan Gandapur inaugurated the Livestock Business Facilitation Desk of the Dairy Science Park at the KP Chamber of Commerce and Industries (KPCCI), Peshawar.

Published 26 May, 2014 12:00am

KP to implement special persons' quota: Khattak

Khyber Pakhtunkhwa Chief Minister Pervez Khattak has said that the provincial government will guarantee the implementation of the quota of special persons in public sector employment and admission in professional educational institutions.

Published 26 May, 2014 12:00am

Rs 983.17 million expenditure: KP districts fail to present record

The Auditor General of Pakistan (AGP) in its report on the Accounts of District governments for financial year 2011-12 has recommended inquiry and fixing responsibility into an amount of Rs 983.173 million on persons at fault under intimation to audit.

Published 26 May, 2014 12:00am

Two traffic policemen shot dead

Two traffic policemen were killed in firing in Shabqadar area of Charsadda district on Sunday. Some unknown armed men opened firing in Shabqadar Bazaar, killing two traffic police officials on the spot. After the killing the armed men managed their escape

Published 26 May, 2014 12:00am

Modi's invitation: Malik welcomes Nawaz's decision

Pakistan People's Party (PPP) leader and former interior minister Rehman Malik has praised Prime Minister Nawaz Sharif's decision to attend his Indian counterpart's oath taking ceremony. Malik was of the view that the Prime Minister had taken a right deci

Published 26 May, 2014 12:00am

Operation damages peace negotiations: Sami

Chief of Taliban negotiation committee and JUI-S Maulana Sami-ul-Haq have said that operation either it is formal or informal in tribal areas has damaged the ongoing peace process in the country. Addressing certificate distribution ceremony among the outg

Published 26 May, 2014 12:00am

China glaciers shrink 15 percent in warming

China's glaciers have shrunk by thousands of square kilometres over the past 30 years as a result of climate change, state-run media reported on May 21. The Qinghai-Tibet plateau in western China has seen its glaciers shrink by 15 percent, or 8,000 square

Published 26 May, 2014 12:00am

British study examines mobile phone effects on children

British scientists launched a major government-commissioned study on May 20 into the effects of mobile phone usage on the developing brains of children. About 2,500 children from London will be tested at the age of 11 and 12, and then again two years late

Published 26 May, 2014 12:00am

Aussie kids among world's least active: research

Australian children are among the least active in the world, ranking behind those in Britain and New Zealand, researchers say warning that the sports-mad nation was raising a "generation of couch potatoes".

Published 26 May, 2014 12:00am

Bacteria can linger on planes for a week

Dangerous bacteria - the kind that cause vomiting and potent infections may be able to survive on airplane surfaces for up to a week, researchers said on May 20. Researchers at Auburn University tested the ability of methicillin-resistant Staphylococcus a

Published 26 May, 2014 12:00am

Scientists discover why olive oil lowers blood pressure

The secret to the Mediterranean diet may be in the salad. Eating unsaturated fats, like those in olive oil, along with leafy greens and other vegetables creates a certain kind of fatty acid that lowers blood pressure, scientists said on May 19.

Published 26 May, 2014 12:00am

Scientists uncover potential vaccine candidate

Researchers have discovered an antibody-generating protein that could help prevent multiplication of malaria parasites inside the body, giving new hope for a vaccine, a study said on May 22. The protein could aid scientists in their work fighting the most

Published 26 May, 2014 12:00am

More than two-thirds of Americans have HPV

More than two-thirds of healthy US adults are infected with the human papillomavirus (HPV), which can lead to genital warts and in some cases, cancer, researchers said on May 20. The findings are based on tissue samples from 103 people, provided to the Na

Published 26 May, 2014 12:00am

Exercise tied to decreased diabetes risk among high risk women

Women who become diabetic during pregnancy may be able to avoid later developing type 2 diabetes with exercise, according to a new US study. Among women who had so-called gestational diabetes, those who upped their exercise by a little more than 20 minute

Published 26 May, 2014 12:00am

Microsoft takes aim at laptops with new Surface tablet

Microsoft on May 20 unveiled a new Surface Pro tablet designed as a powerful all-purpose computer fit to replace a laptop. Surface Pro 3 was touted as slimmer, bigger and more powerful than its predecessor and crafted for a world in which people want to w

Published 26 May, 2014 12:00am

Windows 8 Tiles not the right fix for every job

Many computer users still haven't come to term with Windows 8 and its Tiles interface. At the same time, its apps - especially ones that require a touchscreen - are winning raves. How to reconcile the two experiences?

Published 26 May, 2014 12:00am

Linux as an alternative to the world's biggest operating system

The open source computer operating system Linux is free and runs on most old and new computers. At first glance it has lots of advantages over standard operating systems. But if you are considering switching to Linux you will soon discover there is more t

Published 26 May, 2014 12:00am

Google overtakes Apple as world's top brand: survey

US search engine Google has overtaken rival technology titan Apple as the world's top brand in terms of value, global market research agency Millward Brown said Wednesday. Google's brand value shot up 40 percent in a year to $158.84 billion (115 billion e

Published 26 May, 2014 12:00am

Learning golf with help from a smartphone

Learning the proper golf technique requires a lot of work but now golfers can practice not only on the green but also on their mobile phones, thanks to a wide range of golfing apps. They're not all mere gimmicks, says Joerg Schlockermann of the German Gol

Published 26 May, 2014 12:00am

Block Chrome from chatting about your searches

There's no doubting the speed of Google's Chrome browser, but it's a chatty tool. When left on its standard settings, it routinely sends data back to Google, reports German computer magazine c't. That might speed up surfing, but users should still know wh

Published 26 May, 2014 12:00am

YouTube eyes streaming game star Twitch

Google on May 19 declined to comment on reports that it is working on a billion-dollar deal to add video game play streaming star Twitch TV to YouTube. US media reports of Google aiming to buy Twitch come with a boom in online viewing of real-time video g

Published 26 May, 2014 12:00am

Android out to conquer businesses with start-up Divide

Google on May 19 confirmed that it has bought a start-up specialising in helping employees using their personal smartphones or tablets securely for work. Divide announced at its website that it has been bought by the Internet titan, but neither company di

Published 26 May, 2014 12:00am

Facebook shift steps up privacy for new users

Facebook on May 22 unveiled a change to its privacy policy aimed at limiting the data shared by new users who may be unfamiliar with the huge social network. The shift means that new users posting on Facebook will share data only with friends, not the gen

Published 26 May, 2014 12:00am

Twitter sends code for new passwords via mobile

Twitter has changed its procedure for resetting passwords. Anyone who needs a new access code will get the code for creating a new password by text message to a mobile phone.

Published 26 May, 2014 12:00am

Install Windows 8.1 update before June 10

Windows 8.1 users need to install the latest update by June 10. After that, Microsoft plans no more security updates for the unpatched version. The free update, which became available in April, allows better control of the mouse and new taskbar functions.

Published 26 May, 2014 12:00am

Facebook giving smartphone app an ear for music

Facebook on Wednesday said its mobile application will be getting an ear for music, as well as for film or television show sound tracks. A feature being added in coming weeks to Facebook in the US on smartphones or tablets powered by Apple or Android soft

Published 26 May, 2014 12:00am

New Facebook feature lets friends get nosy

Facebook is letting friends pry. New "ask" buttons popping up in profiles of friends at the leading social network let people inquire about omitted information such as whether they are in romantic relationships or where they live. People can also prompt f

Published 26 May, 2014 12:00am

Lenovo posts 29 percent jump in annual profits

Chinese computer maker Lenovo Group on May 21 announced a jump in full-year net profits of 29 percent, driven by record sales of smartphones. Net profit for the financial year ending March 31 rose to $817.23 million, up 28.7 percent year-on-year. Revenues

Published 26 May, 2014 12:00am

Lenovo posts 29 percent jump in annual profits

Chinese computer maker Lenovo Group on May 21 announced a jump in full-year net profits of 29 percent, driven by record sales of smartphones. Net profit for the financial year ending March 31 rose to $817.23 million, up 28.7 percent year-on-year. Revenues

Published 26 May, 2014 12:00am

AirAsia sees profit climb

AirAsia saw its net profit soar by a third in the first quarter after accounting for currency gains and tax credits despite flat revenue from ticket sales, it reported on May 20. Net profit for the three months ended March rose 33 percent from a year earl

Published 26 May, 2014 12:00am

AirAsia sees profit climb

AirAsia saw its net profit soar by a third in the first quarter after accounting for currency gains and tax credits despite flat revenue from ticket sales, it reported on May 20. Net profit for the three months ended March rose 33 percent from a year earl

Published 26 May, 2014 12:00am

Sony boss pledges turnaround exit in 2015

Sony's chief executive pledged on May 22 to drag the embattled electronics giant out of a painful restructuring in the current fiscal year and pointed to high-definition technology as a possible saviour for its money-losing TV unit. Kazuo Hirai made the c

Published 26 May, 2014 12:00am

Sony boss pledges turnaround exit in 2015

Sony's chief executive pledged on May 22 to drag the embattled electronics giant out of a painful restructuring in the current fiscal year and pointed to high-definition technology as a possible saviour for its money-losing TV unit. Kazuo Hirai made the c

Published 26 May, 2014 12:00am

Maersk shipping business helps profit beat forecast

Danish shipping and oil group A.P. Moller-Maersk reported first-quarter net profit above forecasts due to a doubling of profit at container shipping business Maersk Line and raised its outlook for the underlying result in 2014.

Published 26 May, 2014 12:00am

Maersk shipping business helps profit beat forecast

Danish shipping and oil group A.P. Moller-Maersk reported first-quarter net profit above forecasts due to a doubling of profit at container shipping business Maersk Line and raised its outlook for the underlying result in 2014.

Published 26 May, 2014 12:00am

Lloyds to launch partial sale of TSB this week

Lloyds Banking Group will launch the sale of about 25 percent of its TSB business via a stock market flotation this week with the pricing expected to be below book value, banking industry sources told Reuters. The amount sold is likely to be at the bottom

Published 26 May, 2014 12:00am

Telstra signals big push into Asia

Australian telecommunications giant Telstra on May 23 flagged a large expansion into Asia, with the goal of sourcing one-third of its profits from international businesses over the next five years. Chief executive David Thodey, who is marking five years i

Published 26 May, 2014 12:00am

Vodafone profits rocket on Verizon Wireless sale

Vodafone's annual profit rocketed to £59.3 billion, boosted by the sale of a stake in US joint-venture Verizon Wireless and despite more problems in Europe, the British mobile phone giant said on May 20. Earnings after taxation surged to the equivalent of

Published 26 May, 2014 12:00am

Business demand pushes file-sharing startups toward IPOs, buyouts

Jack Fearing, creative director at advertising agency MossWarner, was driving to a meeting a couple of years ago when he got an urgent call from a client, halfway across the world, asking for a last-minute edit of a video. "We pulled over to a Starbucks,

Published 26 May, 2014 12:00am

Business demand pushes file-sharing startups toward IPOs, buyouts

Jack Fearing, creative director at advertising agency MossWarner, was driving to a meeting a couple of years ago when he got an urgent call from a client, halfway across the world, asking for a last-minute edit of a video. "We pulled over to a Starbucks,

Published 26 May, 2014 12:00am

Federer celebrates Mother's Day with victory in Paris

Roger Federer spent as little time as possible on court on the opening day of the French Open on Sunday, beating Lukas Lacko 6-2 6-4 6-2 before returning to his parental duties on Mother's Day in Paris. Serena Williams, the No 1 seed and overwhelming favo

Published 26 May, 2014 12:00am

Real fight back to triumph on another glory night

Real Madrid came back from the dead to write another glorious chapter in their history when they beat Atletico Madrid 4-1 in extra time helped by goals from Gareth Bale and Cristiano Ronaldo to win a 10th European Cup on Saturday.

Published 26 May, 2014 12:00am

Kenyan women set new 4x1500m world record

The Kenyan quartet of Mercy Cherono, Faith Kipyegon, Irene Jelagat and Hellen Obiri set a world record for the 4x1500m relay at the IAAF World Relays in Nassau on Saturday. The Kenyans clocked 16min 33.58sec for gold, smashing the previous mark of 17:05.7

Published 26 May, 2014 12:00am

Rosberg wins in Monaco to regain championship lead

Nico Rosberg turned his controversial pole position into faultless victory for Mercedes on Sunday when he regained the lead in the drivers' world championship by winning the Monaco Grand Prix. The 28-year-old German came home 9.2 seconds clear of nearest

Published 26 May, 2014 12:00am

PCB wants Broad action against Saeed Ajmal tweets

The Pakistan Cricket Board (PCB) want their English counterparts to take disciplinary action Stuart Broad after the Twenty20 skipper's remarks about the bowling action of Pakistani spinner Saeed Ajmal. "We have sent a letter to the England and Wales Crick

Published 26 May, 2014 12:00am

Japan edge Australia to win Women's Asian Cup

World champions Japan edged Australia 1-0 to win their first Women's Asian Cup title in a hard-fought final in Ho Chi Minh City on Sunday. Azusa Iwashimizu got the game's only goal from a corner in the first half and despite waves of attack from the defen

Published 26 May, 2014 12:00am

Pakistan to supply blind cricket balls to five nations

Pakistan will supply 2,200 blind cricket balls to five different nations for Blind Cricket World Cup to be played at Cape Town (South Africa) in November this year. Talking to APP, Pakistan Blind Cricket Council (PBCC) Chairman Syed Sultan Shah said Sunda

Published 26 May, 2014 12:00am

Stevenson keeps WBC belt with win over Fonfara

Adonis Stevenson survived a knockdown to retain his World Boxing Council light heavyweight title with a unanimous decision over Andrzej Fonfara on Saturday. Canadian southpaw Stevenson, who was born in Haiti, put his explosive power on display in the firs

Published 26 May, 2014 12:00am

Badminton: Japan down Malaysia to claim maiden Thomas Cup title

Japan claimed their maiden Thomas Cup title on Sunday, edging out five-time champions Malaysia 3-2 in the final of men's team event.

Published 26 May, 2014 12:00am

Sri Lanka hammer England to level series

Sri Lanka's bowlers ripped through a fragile England batting line-up to win the second one-day international in Durham by 157 runs to level the five-match series 1-1. Tillakaratne Dilshan top-scored with 88 as Sri Lanka made a respectable total of 256 for

Published 26 May, 2014 12:00am

Egypt has limited scope for boosting purchases of local wheat

Egypt aims to buy about half of its domestic wheat harvest this year at 4.4 million tonnes and is unlikely ever to get much more from farmers, who need to reserve the rest for seed and to feed their families. Egypt, the world's largest wheat importer, is

Published 26 May, 2014 12:00am

Some elephant hunting tips for Warren Buffett

Far be it from us to offer tips to Warren Buffett, the most celebrated stock picker of his age, but here goes:

Published 26 May, 2014 12:00am

Bank of England's Bean says may be case for earlier rate hikes: BBC

The Bank of England's plan to increase interest rates only gradually may mean it should move earlier than would otherwise be the case, a top policymaker at the central bank said. But BoE Deputy Governor Charlie Bean also told BBC radio that there was no n

Published 26 May, 2014 12:00am

Zuma replaces Gordhan as finance minister

South African President Jacob Zuma promoted deputy finance minister Nhlanhla Nene to finance minister on Sunday, replacing the widely respected Pravin Gordhan in a new cabinet line-up at the start of a second five-year term in office. The day after a glit

Published 26 May, 2014 12:00am

Zimbabwe to tone down black ownership laws

Zimbabwe is planning to tone down a controversial equity law which forces foreign companies to cede a majority shareholding to local investors, a cabinet minister said Sunday. Zimbabwe's controversial 2007 indigenisation law states that foreign firms must

Published 26 May, 2014 12:00am

Air Berlin considers splitting in two

Air Berlin's management is considering splitting the group in two, German magazine Focus reported on Sunday, citing remarks by one of the company's senior managers. Air Berlin could be divided into a unit that offers traditional scheduled flights and anot

Published 26 May, 2014 12:00am

Berlin wants to keep Commerzbank stake until 2016

The German government intends to retain its stake in Commerzbank until at least 2016 in the hope of getting a more favourable price, magazine Spiegel reported on Sunday, adding Berlin had already turned away some interested parties. Spiegel added that ref

Published 26 May, 2014 12:00am

Chevron sees Permian shale play as top five asset by 2020

Chevron Corp is making the oil-rich Permian shale formation a top investment priority, aiming to turn its West Texas acreage into one of its top five assets by 2020, Vice Chairman George Kirkland said in an interview.

Published 26 May, 2014 12:00am

Business aviation picks up, but jet surplus persists

Business aircraft are taking to the skies again as many economies around the world improve, but a surplus of jets delivered just before the recession means the equivalent of 2,750 jets remain parked in hangars. An excess of jets is depressing prices for p

Published 26 May, 2014 12:00am

AOL to invest in Israeli start-ups

AOL Inc said on Sunday it is starting a programme in Israel to assist start-ups, and that it will invest at least $100,000 in as many as 10 projects at a time. The Internet giant already has a development centre in Israel, and its new project, called Naut

Published 26 May, 2014 12:00am

Karstadt made 34 million euro net loss in fiscal first half

Struggling German department store retailer Karstadt made a net loss of 34 million euros ($46 million) in the first half of its 2013/2014 fiscal year, German business newspaper Handelsblatt reported on Sunday, citing an internal report. In the comparable

Published 26 May, 2014 12:00am

Karstadt made 34 million euro net loss in fiscal first half

Struggling German department store retailer Karstadt made a net loss of 34 million euros ($46 million) in the first half of its 2013/2014 fiscal year, German business newspaper Handelsblatt reported on Sunday, citing an internal report. In the comparable

Published 26 May, 2014 12:00am

Oilfields in western Libya remain shut

Libya's El Sharara and El Feel oilfields remain shut, a spokesman for state-run National Oil Corp (NOC) said on Sunday, almost two weeks after the government said protests at the western fields had ended. NOC spokesman Mohamed El Harari said the North Afr

Published 26 May, 2014 12:00am

Currency	Rate
USD PKR Interbank Selling / May 17	278.30
USD PKR Interbank Buying / May 17	278.10
USD to Japanese Yen / May 17	155.67
USD to Swiss Franc / May 17	0.91
Pound Sterling to USD / May 17	1.27
Euro to USD / May 17	1.09

Stock	Volume
S&P 500 / May 17	5303.27
India Sensex / May 17	73917.03
Tokyo Nikkei / May 17	38787.38
Nasdaq / May 17	16685.97
Hang Seng / May 17	19535.61
FTSE 100 / May 17	8420.26
Dow Jones / May 17	40003.59
Germany DAX 30 / May 17	18704.42

Item	Value
Crude Oil USD/Barrel / May 17	79.59
Karachi Cotton PKR/37.32 KG / May 17	19935
Gold 10 Grams PKR / May 17	210562
Gold Spot USD/Ounce / May 17	2386.18
Cotton US¢/pound / May 17	76.29
Petrol/Litre / May 19	273.10

Stock	Price
786 Invest Ltd / May 19 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 19 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 19 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 19 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 19 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 19 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 19 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 19 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 19 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 19 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 19 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 19 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 19 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 19 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 19 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 19 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 19 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 19 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 19 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 19 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 19 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 19 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 19 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 19 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 19 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 19 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 19 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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