News Archives for Print - 2014-07-12

JLI Managed Growth Fund Rates

Jubilee Life Insurance Managed Growth Fund Rates on Friday (July 11, 2014).

Published 12 Jul, 2014 12:00am

BES faces global challenge in pursuit of family debt

Banco Espirito Santo must look beyond Portugal to ensure repayment of debts linked to its founding family, whose business empire extends to Brazil, France, Switzerland, Luxembourg and Angola. Concerns about BES are focused on the bank's 1.15 billion euro

Published 12 Jul, 2014 12:00am

JLI Managed Growth Fund Rates

Jubilee Life Insurance Managed Growth Fund Rates on Friday (July 11, 2014).

Published 12 Jul, 2014 12:00am

Kurds seize Iraq oilfields, ministers pull out of government

Kurdish forces seized two oilfieds in north Iraq on Friday and took over operations from a state-run oil company, while Kurdish politicians formally suspended their participation in Prime Minister Nuri al-Maliki's government. The moves escalated a feud be

Published 12 Jul, 2014 12:00am

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Friday (July 11, 2014).

Published 12 Jul, 2014 12:00am

Kurds seize Iraq oilfields, ministers pull out of government

Kurdish forces seized two oilfieds in north Iraq on Friday and took over operations from a state-run oil company, while Kurdish politicians formally suspended their participation in Prime Minister Nuri al-Maliki's government. The moves escalated a feud be

Published 12 Jul, 2014 12:00am

Currency values in terms of Special Drawing Rights

The International Monetary Fund (IMF), treasuries' department's currency values in terms of Special Drawing Rights (SDR).

Published 12 Jul, 2014 12:00am

Economic Corridor: Islamabad, Beijing agree to follow timeline

Pakistan and China have agreed to follow the timeline and speed up work on the projects to complete them at the earliest. Federal Minister for Planning, Development and Reforms, Ahsan Iqbal said this while briefing Prime Minister Nawaz Sharif about the re

Published 12 Jul, 2014 12:00am

Open market rates of foreign currencies

Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Friday (July 11, 2014).

Published 12 Jul, 2014 12:00am

Economic Corridor: Islamabad, Beijing agree to follow timeline

Pakistan and China have agreed to follow the timeline and speed up work on the projects to complete them at the earliest. Federal Minister for Planning, Development and Reforms, Ahsan Iqbal said this while briefing Prime Minister Nawaz Sharif about the re

Published 12 Jul, 2014 12:00am

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Friday (July 11, 2014).

Published 12 Jul, 2014 12:00am

Economic Corridor: Islamabad, Beijing agree to follow timeline

Pakistan and China have agreed to follow the timeline and speed up work on the projects to complete them at the earliest. Federal Minister for Planning, Development and Reforms, Ahsan Iqbal said this while briefing Prime Minister Nawaz Sharif about the re

Published 12 Jul, 2014 12:00am

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Friday (July 11, 2014).

Published 12 Jul, 2014 12:00am

Railways asked to withdraw summary over PPRA rules

Railways Ministry was grilled when it sought an exemption from PPRA rules, 2004 to engage M/s Nespak as consultant through a direct contracting at a recent Public Procurement Regulatory Authority (PPRA) meeting headed by Secretary Finance Dr Waqar Masood.

Published 12 Jul, 2014 12:00am

Banks' rates for currency notes (buying and selling)

The selling/buying rates for currency notes of major currencies issued by National Bank (NBP) here on Friday (July 11, 2014).

Published 12 Jul, 2014 12:00am

Railways asked to withdraw summary over PPRA rules

Railways Ministry was grilled when it sought an exemption from PPRA rules, 2004 to engage M/s Nespak as consultant through a direct contracting at a recent Public Procurement Regulatory Authority (PPRA) meeting headed by Secretary Finance Dr Waqar Masood.

Published 12 Jul, 2014 12:00am

Bill buying rates per unit of currency

Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Friday (July 11, 2014).

Published 12 Jul, 2014 12:00am

Railways asked to withdraw summary over PPRA rules

Railways Ministry was grilled when it sought an exemption from PPRA rules, 2004 to engage M/s Nespak as consultant through a direct contracting at a recent Public Procurement Regulatory Authority (PPRA) meeting headed by Secretary Finance Dr Waqar Masood.

Published 12 Jul, 2014 12:00am

Interest rates on new foreign currency deposits

Interest rates on new foreign currency deposits issued by the Treasury Management Division of National Bank of Pakistan on Friday (July 11, 2014).

Published 12 Jul, 2014 12:00am

Gilani explains how Musharraf allowed to leave country

Former Prime Minister Syed Yousuf Raza Gilani on Friday said that Pervez Musharraf was allowed to leave the country following negotiations with Establishment and the then Opposition in the country. Speaking to media persons at Pakistan People's Party (PPP

Published 12 Jul, 2014 12:00am

Interest rates on old and incremental FCY deposits

Interest rates on old and incremental FCY deposits on Friday (July 11, 2014).

Published 12 Jul, 2014 12:00am

Gilani explains how Musharraf allowed to leave country

Former Prime Minister Syed Yousuf Raza Gilani on Friday said that Pervez Musharraf was allowed to leave the country following negotiations with Establishment and the then Opposition in the country. Speaking to media persons at Pakistan People's Party (PPP

Published 12 Jul, 2014 12:00am

Libor

LIBOR calculating interest on US dollar

London Interbank Offer Rates on for calculating interest on special US dollar on Friday (July 11, 2014).

Published 12 Jul, 2014 12:00am

ZTBL, HBFCL: loans to be converted into equity

The government has decided to convert Rs 106 billion loans of House Building Finance Company Limited (HBFCL) and Zarai Taraqiati Bank Ltd (ZTBL) that they owe to State Bank of Pakistan into equity at par. A meeting chaired by Finance Minister Ishaq Dar on

Published 12 Jul, 2014 12:00am

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Friday (July 11, 2014).

Published 12 Jul, 2014 12:00am

ZTBL, HBFCL: loans to be converted into equity

The government has decided to convert Rs 106 billion loans of House Building Finance Company Limited (HBFCL) and Zarai Taraqiati Bank Ltd (ZTBL) that they owe to State Bank of Pakistan into equity at par. A meeting chaired by Finance Minister Ishaq Dar on

Published 12 Jul, 2014 12:00am

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Friday (July 11, 2014).

Published 12 Jul, 2014 12:00am

ZTBL, HBFCL: loans to be converted into equity

The government has decided to convert Rs 106 billion loans of House Building Finance Company Limited (HBFCL) and Zarai Taraqiati Bank Ltd (ZTBL) that they owe to State Bank of Pakistan into equity at par. A meeting chaired by Finance Minister Ishaq Dar on

Published 12 Jul, 2014 12:00am

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Friday (July 11, 2014).

Published 12 Jul, 2014 12:00am

200mmcfd LNG: Indian team due by mid-August to seal deal

A high-level Indian delegation is expected to visit Pakistan mid-August to finalise a deal on sale of 200 Million Cubic Feet per Day (mmcfd) of Liquefied Natural Gas (LNG), officials said. According to Petroleum Ministry sources, all the modalities other

Published 12 Jul, 2014 12:00am

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) - issued by the Foreign Exchange Rates Commi

Published 12 Jul, 2014 12:00am

200mmcfd LNG: Indian team due by mid-August to seal deal

A high-level Indian delegation is expected to visit Pakistan mid-August to finalise a deal on sale of 200 Million Cubic Feet per Day (mmcfd) of Liquefied Natural Gas (LNG), officials said. According to Petroleum Ministry sources, all the modalities other

Published 12 Jul, 2014 12:00am

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d

Published 12 Jul, 2014 12:00am

200mmcfd LNG: Indian team due by mid-August to seal deal

A high-level Indian delegation is expected to visit Pakistan mid-August to finalise a deal on sale of 200 Million Cubic Feet per Day (mmcfd) of Liquefied Natural Gas (LNG), officials said. According to Petroleum Ministry sources, all the modalities other

Published 12 Jul, 2014 12:00am

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d

Published 12 Jul, 2014 12:00am

US to help resettle IDPs, government told

Ambassador Elizabeth Jones, Principal Deputy Special Representative for Afghanistan and Pakistan, US Department of State called on Finance Minister Senator Ishaq Dar here on Friday. The Finance Minister informed the Ambassador about key economic reforms t

Published 12 Jul, 2014 12:00am

Dollar's rate in interbank market

Interbank closing rates for dollar on Friday (July 11, 2014).

Published 12 Jul, 2014 12:00am

US to help resettle IDPs, government told

Ambassador Elizabeth Jones, Principal Deputy Special Representative for Afghanistan and Pakistan, US Department of State called on Finance Minister Senator Ishaq Dar here on Friday. The Finance Minister informed the Ambassador about key economic reforms t

Published 12 Jul, 2014 12:00am

Kerb buying and selling rate of US dollar

Dollar buying and selling rate in the kerb market in rupees on Friday (July 11, 2014).

Published 12 Jul, 2014 12:00am

President signs Protection of Pakistan Bill into law

President Mamnoon Hussain on Friday signed into law the Protection of Pakistan Bill. The new law doubles the maximum sentence for terrorism offences to 20 years and allows security forces to hold suspects for up to 60 days without disclosing their whereab

Published 12 Jul, 2014 12:00am

THE RUPEE: minor change on interbank market

A marginal fall in the value of the rupee was seen on the interbank market on Friday in the process of trading, dealers said. The rupee dropped by four-paisa against the dollar for buying and selling at Rs 98.74 and Rs 98.76 respectively, they said.

Published 12 Jul, 2014 12:00am

President signs Protection of Pakistan Bill into law

President Mamnoon Hussain on Friday signed into law the Protection of Pakistan Bill. The new law doubles the maximum sentence for terrorism offences to 20 years and allows security forces to hold suspects for up to 60 days without disclosing their whereab

Published 12 Jul, 2014 12:00am

THE RUPEE: minor change on interbank market

A marginal fall in the value of the rupee was seen on the interbank market on Friday in the process of trading, dealers said. The rupee dropped by four-paisa against the dollar for buying and selling at Rs 98.74 and Rs 98.76 respectively, they said.

Published 12 Jul, 2014 12:00am

President signs Protection of Pakistan Bill into law

President Mamnoon Hussain on Friday signed into law the Protection of Pakistan Bill. The new law doubles the maximum sentence for terrorism offences to 20 years and allows security forces to hold suspects for up to 60 days without disclosing their whereab

Published 12 Jul, 2014 12:00am

New York cotton

The fluctuations observed during the day:

Published 12 Jul, 2014 12:00am

''A Wonderful Year for Pakistan''

Appreciating the prudent economic policies, initiated by Pakistan during the Fiscal Year (FY) 2013-14, the World Bank has declared it "a Wonderful Year for Pakistan". "Last fiscal year, ending June 30, was truly a wonderful year for Pakistan" a statement

Published 12 Jul, 2014 12:00am

New York cotton

The fluctuations observed during the day:

Published 12 Jul, 2014 12:00am

'A Wonderful Year for Pakistan'

Appreciating the prudent economic policies, initiated by Pakistan during the Fiscal Year (FY) 2013-14, the World Bank has declared it "a Wonderful Year for Pakistan". "Last fiscal year, ending June 30, was truly a wonderful year for Pakistan" a statement

Published 12 Jul, 2014 12:00am

Aaj TV - Saturday's schedule

All timings are in PST (Pakistan Standard Time).

Published 12 Jul, 2014 12:00am

'A Wonderful Year for Pakistan'

Appreciating the prudent economic policies, initiated by Pakistan during the Fiscal Year (FY) 2013-14, the World Bank has declared it "a Wonderful Year for Pakistan". "Last fiscal year, ending June 30, was truly a wonderful year for Pakistan" a statement

Published 12 Jul, 2014 12:00am

PQFTL announces unit prices

Pak-Qatar Family Takaful Managed Fund (PQFTL) announced unit prices for the following funds on 8th July, 2014.

Published 12 Jul, 2014 12:00am

BRIndex30 sheds 9.4 points

On Friday, BRIndex30 opened at 16,500.18 and remained negative throughout the trading session. It touched an intraday high of 16,495.02 and an intraday low of 16,428.22 and closed at 16,490.78 which was -9.4 points or -0.06 percent lower than previous clo

Published 12 Jul, 2014 12:00am

PQFTL announces unit prices

Pak-Qatar Family Takaful Managed Fund (PQFTL) announced unit prices for the following funds on 8th July, 2014.

Published 12 Jul, 2014 12:00am

BRIndex30 sheds 9.4 points

On Friday, BRIndex30 opened at 16,500.18 and remained negative throughout the trading session. It touched an intraday high of 16,495.02 and an intraday low of 16,428.22 and closed at 16,490.78 which was -9.4 points or -0.06 percent lower than previous clo

Published 12 Jul, 2014 12:00am

PQFTL announces unit prices

Pak-Qatar Family Takaful Managed Fund (PQFTL) announced unit prices for the following funds on 8th July, 2014.

Published 12 Jul, 2014 12:00am

Stocks edge lower

Stocks edged lower in a volatile session Friday as concerns about political uncertainty kept the investors jittery. The benchmark KSE-100 index lost another 35 points to close at 29,318 points. Samar Iqbal, AVP at Topline Securities, said that cherry pick

Published 12 Jul, 2014 12:00am

Hill, Tatum reunite to spoof and mock sequels in '22 Jump Street'

Actors Jonah Hill and Channing Tatum are back undercover as bumbling cops masquerading as college students to crack a campus drug ring in the action comedy "22 Jump Street," which pokes fun at sequels and lampoons the pair's bromance. The plot will be fam

Published 12 Jul, 2014 12:00am

Stocks edge lower

Stocks edged lower in a volatile session Friday as concerns about political uncertainty kept the investors jittery. The benchmark KSE-100 index lost another 35 points to close at 29,318 points. Samar Iqbal, AVP at Topline Securities, said that cherry pick

Published 12 Jul, 2014 12:00am

BRIDGE NOTES: If you are awake

It has been emphasized time and time again that if you want to be successful at Bridge, you need to think hard whether at play, defense or bidding. For apart from the routine contracts, there are always a few hands that present a problem to be resolved wi

Published 12 Jul, 2014 12:00am

Stocks edge lower

Stocks edged lower in a volatile session Friday as concerns about political uncertainty kept the investors jittery. The benchmark KSE-100 index lost another 35 points to close at 29,318 points. Samar Iqbal, AVP at Topline Securities, said that cherry pick

Published 12 Jul, 2014 12:00am

Footballers also fashion icons off World Cup pitch

With thousands of cameras capturing their every move for billions of fans, footballers know the World Cup isn't just about sport - it's about tattoos, hairstyles, clothes and the big business of setting trends. They arrive at airports, training sessions,

Published 12 Jul, 2014 12:00am

Oil theft: concerns voiced over PSO arrangements

Public Accounts Monitoring and Implementation Committee on Friday showed its serious concerns over the adoption of calibration system by Pakistan State Oil (PSO) to measure petroleum products transferred from one depot to another and set up a committee to

Published 12 Jul, 2014 12:00am

Harry Potter returns with grey hair in new J.K. Rowling story

Fictional boy wizard Harry Potter made his first appearance in seven years on Tuesday, featuring as a nearly 34-year-old with grey hairs in a new short story by author J.K. Rowling. In an article on the "Pottermore" website written in the form of a gossip

Published 12 Jul, 2014 12:00am

Oil theft: concerns voiced over PSO arrangements

Public Accounts Monitoring and Implementation Committee on Friday showed its serious concerns over the adoption of calibration system by Pakistan State Oil (PSO) to measure petroleum products transferred from one depot to another and set up a committee to

Published 12 Jul, 2014 12:00am

'Dawn of Planet of Apes' marks digital lib for actors

It's not easy playing an ape, even a highly intelligent one, but if Andy Serkis succeeds in captivating moviegoers, he will be thanking the obscure world of "motion capture," a digital technology that accurately translates performance into animation.

Published 12 Jul, 2014 12:00am

Oil theft: concerns voiced over PSO arrangements

Public Accounts Monitoring and Implementation Committee on Friday showed its serious concerns over the adoption of calibration system by Pakistan State Oil (PSO) to measure petroleum products transferred from one depot to another and set up a committee to

Published 12 Jul, 2014 12:00am

In Argentina, dinosaur hunters embark on next phase

A few months ago, Argentine scientists found the remains of a giant dinosaur. Now they look forward to digging up hundreds more fossils, but what they really want is the big one's head. In recent years, the discovery of fossils of such sauropods - giant p

Published 12 Jul, 2014 12:00am

Rivals study proposal as Kerry mediates

Afghanistan's presidential rivals were Friday mulling a UN plan for a sweeping review of the disputed polls, as US Secretary of State John Kerry sought to broker an end to the political turmoil. Under a proposal put forward by the United Nations, the coun

Published 12 Jul, 2014 12:00am

NASA to send 3D Google smartphones to space station

Google smartphones with next-generation 3D sensing technology are about to blast into orbit, where they will become the brains and eyes of ball-shaped hovering robots on the International Space Station. NASA plans to use the handsets to beef up its Synchr

Published 12 Jul, 2014 12:00am

Rivals study proposal as Kerry mediates

Afghanistan's presidential rivals were Friday mulling a UN plan for a sweeping review of the disputed polls, as US Secretary of State John Kerry sought to broker an end to the political turmoil. Under a proposal put forward by the United Nations, the coun

Published 12 Jul, 2014 12:00am

'Lost for Words' pokes fun at Britain's literary Oscars

"Lost for Words" by British writer Edward St Aubyn is a merciless send-up of Britain's literary "Oscars", which stir up a media frenzy every year over which novel should win and a backlash if the favourite doesn't. The Man Booker prize winner is assured f

Published 12 Jul, 2014 12:00am

Scientists find ageing cure - for flowers

Japanese scientists say they have found a way to slow down the ageing process in flowers by up to a half, meaning bouquets could remain fresh for much longer. Researchers at the National Agriculture and Food Research Organisation in Tsukuba, east of Tokyo

Published 12 Jul, 2014 12:00am

Burn, patient, burn: medical inferno in China

A therapist pours alcohol over a patient and sets him alight - for some in China, playing with fire is a treatment for illness. So-called "fire therapy", which proponents claim can cure stress, indigestion, infertility and even cancer, has been used for h

Published 12 Jul, 2014 12:00am

Dutch teen targets Pacific Ocean 'plastic soup' menace

Dutch student Boyan Slat is only 19 years old, but he already has 100 people working on his revolutionary plan to scoop thousands of tonnes of damaging plastics from the oceans. The world's "plastic soup", much of it swirling around in five main gyres or

Published 12 Jul, 2014 12:00am

ART FACTS: Contemporary calligraphy

In the history of sub-continent there were many known calligraphers who worked with heart and soul in this art and helped in spreading it in the region. Now calligraphy has taken a new turn and it has acquired the form of painterly calligraphy. This new w

Published 12 Jul, 2014 12:00am

Never, Never ever say Good Bye: Kabhi al Wida na Kehna

The most embarrassing encounter for all the wrong reasons, at Wankhede Stadium, Mumbai, between Quaid-e-Azam Mohammad Ali Jinnah's great grandson, Ness (Nez) Nusli Wadia and 37-year-old, on the shelf, has been Bollywood Rajput actress Preity Zinta, on Jun

Published 12 Jul, 2014 12:00am

KARACHI CHRONICLE: Umrah in Ramazan

Throughout the Muslim world the trend to perform Umrah in Ramazan has grown by leaps and bounds. Airlines and travel agencies are as busy in this month as during the Hajj season. The hotels in Makkah are fully booked, and by the last week of the month of

Published 12 Jul, 2014 12:00am

Her persona was that of a strong leader

Over the decades a good deal has been written on Mohtarma Fatima Jinnah's singular contribution to national politics. The focus in most writings on her and about her is almost exclusively on how she stood for and beckoned the people to the pristine princi

Published 12 Jul, 2014 12:00am

Daily trading report of PMEX

On Friday at Pakistan Mercantile Exchange (PMEX) value traded was recorded at PKR 1,974 million. Number of lots traded was 8,458 and PMEX Commodity Index closed at 3,081. Major business was contributed by crude oil amounting to PKR 1,014 million, followed

Published 12 Jul, 2014 12:00am

Palm oil firms on European vegoils market

Palm oil on the European vegetable oils market was mostly firmer on Thursday because of lower Malaysian palm oil stocks and improved Malaysian palm oil exports during the first 10 days of July. Palm oil was mostly offered between unchanged and $5 a tonne

Published 12 Jul, 2014 12:00am

US Midwest corn bids steady to narrowly mixed

Spot corn basis bids were steady to narrowly mixed, while soyabean bids held steady around the US Midwest on Thursday, dealers said. Chicago Board of Trade corn and soya futures fell. Some farmers booked light corn sales on fears CBOT corn futures would f

Published 12 Jul, 2014 12:00am

Vietnam coffee trade slow on lower London futures

Trade in Vietnamese robusta coffee slowed this week on thin foreign demand and weakened global prices, while the domestic market changed little following last week's rise. Vietnamese prices rose to between 41,000 and 41,200 dong per kg on last Thursday, t

Published 12 Jul, 2014 12:00am

US FOB Gulf soya firm; corn and wheat steady

US FOB Gulf soyabean basis offers were steady to firmer after the close on Thursday, with the drop in futures prompting more inquiries for new-crop soyabeans, traders said. FOB corn and wheat offers were mostly steady against a backdrop of lower futures a

Published 12 Jul, 2014 12:00am

Eastern European wheat markets mixed

Eastern European wheat markets were mixed on Thursday, with benchmark Paris prices near a five-month low, as operators awaited US government crop forecasts and the start of harvesting in major European wheat belts. November milling wheat on the Paris-base

Published 12 Jul, 2014 12:00am

Activities at Karachi and Qasim ports

The Karachi Port handled 86,598 tonnes of cargo comprising 51,300 tonnes of import cargo and 35,298 tonnes of export cargo including 3,816 loaded and empty containers during the last 24 hours ending at 700 hours on Friday. The total import cargo of 51,300

Published 12 Jul, 2014 12:00am

Cotton market: prices fall more on easy supply

Prices declined further on the cotton market on Friday as seed cotton arrivals showed more improvement due to a favourable weather, dealers said. The official spot rate lost more Rs 50 to Rs 6,000, they added. The prices of seed cotton in Sindh and Punjab

Published 12 Jul, 2014 12:00am

US Plains HRW wheat bids steady

Spot cash basis bids for hard red winter wheat in the US Plains were mostly steady on Thursday with Kansas elevators seeing some farmer sales of freshly harvested wheat, cash merchants said. But harvest sales were generally light as farmers moved to the s

Published 12 Jul, 2014 12:00am

Wells Fargo earnings edge up

US banking giant Wells Fargo Friday reported slightly higher earnings as loan and deposit growth offset the effects of lower revenues from leading mortgage categories. Wells Fargo opened second-quarter earnings season for big banks with profits of $5.7 bi

Published 12 Jul, 2014 12:00am

Wells Fargo earnings edge up

US banking giant Wells Fargo Friday reported slightly higher earnings as loan and deposit growth offset the effects of lower revenues from leading mortgage categories. Wells Fargo opened second-quarter earnings season for big banks with profits of $5.7 bi

Published 12 Jul, 2014 12:00am

South Africa wants BRICS bank for Johannesburg: minister

South Africa's financial capital Johannesburg is still in the running to be headquarters of a new development bank planned by the BRICS group of major emerging nations, a minister said Friday. Trade and Industry Minister Rob Davies told a media briefing i

Published 12 Jul, 2014 12:00am

UK banks may have to hold more capital than under global rule

The Bank of England (BoE) proposed on Friday that Britain's biggest banks should set aside from 2019 more capital than planned under global rules being drawn up to prevent a repeat of the financial crisis. Launching a public consultation on a new leverage

Published 12 Jul, 2014 12:00am

Serbian consumer prices inflation at 50-year low

Serbia's annual rate of consumer prices inflation fell last month to a 50-year low of 1.3 percent, the central bank said on Friday, potentially heralding an August cut in interest rates. The bank, which on Thursday opted against a third cut in its benchma

Published 12 Jul, 2014 12:00am

US House backs extending business depreciation tax break

The US House of Representatives voted 258-160 on Friday to extend permanently a business tax break dealing with deductions on depreciation of certain capital investments, a move that would cost US taxpayers an estimated $287 billion over 10 years. Known a

Published 12 Jul, 2014 12:00am

China, US to cooperate on strategic oil reserves

China and the United States have signed a preliminary agreement to cooperate on strategic petroleum reserves (SPR), China's National Energy Administration (NEA) said, marking the first such effort between the world's top two oil consumers. Under the agree

Published 12 Jul, 2014 12:00am

Chrysler to recall 900,000 SUVs

Chrysler Group LLC said it would recall almost 900,000 sport utility vehicles (SUVs) to fix the wiring for vanity mirror lights in sun visors, to prevent short circuits. Some 2011-2014 models of Jeep Grand Cherokee and Dodge Durango will be recalled, said

Published 12 Jul, 2014 12:00am

German green energy law clears final hurdle

Germany's upper house of parliament, the Bundesrat, approved on Friday revamped legislation on funding renewable energy, clearing the way for the law to come into force on August 1. The far-reaching law, which seeks to cap support payments for renewables

Published 12 Jul, 2014 12:00am

Canada's employment growth sputters; 9,400 jobs lost in June

Canada unexpectedly shed 9,400 jobs in June and the unemployment rate rose to 7.1 percent from May's 7.0 percent, underlining how employment growth has stalled despite a recovery in the United States. Statistics Canada said on Friday that the year-over ye

Published 12 Jul, 2014 12:00am

Germany wants aid for emission-cutting projects in poor countries

Germany is advancing plans for rich countries to encourage the developing world to cut greenhouse gas emissions by subsidising projects, replacing the funding after a United Nations programme has run out of cash. Such a move could yield cuts of around 5 p

Published 12 Jul, 2014 12:00am

Infosys profit up

Indian outsourcing giant Infosys reported on Friday a better-than-expected 21 percent jump in quarterly net profit, after winning new deals from US clients. The Nasdaq-listed firm, hit by an exodus of staff and a loss of market share, said consolidated ne

Published 12 Jul, 2014 12:00am

Infosys profit up

Indian outsourcing giant Infosys reported on Friday a better-than-expected 21 percent jump in quarterly net profit, after winning new deals from US clients. The Nasdaq-listed firm, hit by an exodus of staff and a loss of market share, said consolidated ne

Published 12 Jul, 2014 12:00am

Currency	Rate
USD PKR Interbank Selling / May 24	2278.33
USD PKR Interbank Buying / May 24	278.13
USD to Japanese Yen / May 24	157.02
USD to Swiss Franc / May 24	0.91
Pound Sterling to USD / May 24	1.27
Euro to USD / May 24	1.08

Stock	Volume
S&P 500 / May 22	5307.01
Nasdaq / May 22	16801.54
Dow Jones / May 22	39671.04
India Sensex / May 24	75408.09
Tokyo Nikkei / May 24	38646.11
Hang Seng / May 24	18551.66
FTSE 100 / May 24	8304.47
Germany DAX 30 / May 24	18617.22

Item	Value
Crude Oil USD/Barrel / May 24	76.87
Karachi Cotton PKR/37.32 KG / May 24	19935
Gold 10 Grams PKR / May 24	205933
Gold Spot USD/Ounce / May 24	2336.82
Cotton US¢/pound / May 24	81.34
Petrol/Litre / May 25	273.10

Stock	Price
786 Invest Ltd / May 25 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 25 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 25 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 25 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 25 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 25 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 25 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 25 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 25 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 25 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 25 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 25 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 25 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 25 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 25 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 25 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 25 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 25 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 25 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 25 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 25 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
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WorldCall Telecom / May 25 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
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