News Archives for Print - 2014-07-14

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Print - 2014-07-14

The Weather

The weather report on Sunday (July 12, 2014) and the forecast for Monday (July 13, 2014).

Published 14 Jul, 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 14 Jul, 2014 12:00am

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (July 7 to 11 2014).

Published 14 Jul, 2014 12:00am

Aaj TV - Monday's schedule

All timings are in PST (Pakistan Standard Time).

Published 14 Jul, 2014 12:00am

The Business Community of Multan has vehemently condemned the Israeli aggression and attacks on empty handed Palestinians in which 140 people including women and children were martyred. President of Multan Chamber of Commerce & Industry (MCCI) Khawaja Muh

Published 14 Jul, 2014 12:00am

Clipsal Pakistan

Clipsal - Living Electrical: Clipsal is world famous as Australia's number one brand of electrical accessories. A market leader in electrical accessories, data communications, industrial and home automation markets, the Clipsal name continues to gr

Published 14 Jul, 2014 12:00am

Lafarge - Congratulations to France on celebrating Bastille Day

I am proud to congratulate and participate in the celebrations of the French National Day (Bastille Day) commemorating the beginning of the French Revolution with the Storming of the Bastille on the 14 July 1789, as well as the Fête de la Fédération on th

Published 14 Jul, 2014 12:00am

Hafiz Tannery: Manufacturer, exporter of quality leather goods from Pakistan

Hafiz Tannery is an ISO 9002 and BSCI certified manufacturer and exporter of premium quality finished leather, leather garments and leather bags accessories from Pakistan. Our comprehensive range of products includes Leather Jackets, Leather Coats, Leathe

Published 14 Jul, 2014 12:00am

Strengths of the French economy

In many sectors, the French economy is among the strongest in the world. France is among the leading industrial economies in the automotive, aerospace, and railways sectors, as well as in cosmetics, luxury goods, insurance, pharmaceuticals, telecoms, powe

Published 14 Jul, 2014 12:00am

Message from Director Leather Coordinators

Bastille Day, celebrated on July 14 is the French symbol of the end of the Monarchy and the beginning of the First Republic. We, at Leather Coordinator Pakistan, are proud of our French heritage and join the people of France in commemorating this occasion

Published 14 Jul, 2014 12:00am

Message from Managing Director/Partner Hafiz Tannery, Karachi-Pakistan

It gives me great pleasure to convey the greetings and felicitations to the government and the people of France on the auspicious occasion of Bastille Day. France is a strategic partner of Pakistan in power generation, telecommunication, oil and the major

Published 14 Jul, 2014 12:00am

Message from Chairman DL Nash

I would like to congratulate France and all our French friends, residing in Pakistan on their National Day. France is the cradle of democracy and human rights in the world. The fall of Bastille on 14th July 1789 marked the commencement of a new era in the

Published 14 Jul, 2014 12:00am

Message from Chief Executive Clipsal Pakistan (Pvt) Ltd

It is a privilege to extend my congratulations to the Government and people of France on their National Day being commensurate on 14th July in remembrance of the day on which Bastile was stormed in the year 1789. This day ended the monarchy and gave Franc

Published 14 Jul, 2014 12:00am

Message from Consul General of France in Karachi

For the first time, since my arrival in Karachi last February, I am particularly pleased and honored to share my thoughts and impressions with your readers, on the occasion of the National Day of France, celebrated every year on July 14.

Published 14 Jul, 2014 12:00am

Message from Ambassador of France in Pakistan

For sustainable partnership: On the occasion of the French National Day it is a pleasure and a privilege for me to address the Pakistani people. The storming of the Bastille, on July 14th, some 225 years ago was the starting point of the French Rev

Published 14 Jul, 2014 12:00am

DHA Karachi plots: 15 cases of under-valuation of properties detected

Directorate of Intelligence and Investigation-Inland Revenue (IR), Karachi has started an exercise to probe investment made in plots of Defence Housing Authority (DHA) Karachi and initially detected 15 big cases involving actual investment of Rs 611.368 m

Published 14 Jul, 2014 12:00am

Sindh government not to give Eid allowance to Zakat beneficiaries

On the recommendation of Sindh Zakat Council (SZC), Sindh Government has decided not to give Guzara allowance known as Eid allowance to Zakat beneficiaries/mustahiqeen during this Ramazan, Business Recorder learnt on Sunday.

Published 14 Jul, 2014 12:00am

'We want to build a comprehensive entrepreneurship support ecosystem,' Executive Director, LUMS Center for Entrepreneurship

Meet Khurram Zafar. He is the Executive Director of LUMS Center for Entrepreneurship and Innovation Fellow at Pakistan Innovation Foundation. Previously, he worked as the Chief Information Officer at Lahore Stock Exchange and as one of the founding board

Published 14 Jul, 2014 12:00am

'We want to build a comprehensive entrepreneurship support ecosystem,' Executive Director, LUMS Center for Entrepreneurship

Published 14 Jul, 2014 12:00am

Double standard: PPRA rules

It has been reported that not only was Railways Ministry grilled by the Public Procurement Regulatory Authority (PPRA) Board, it was also compelled to withdraw its summary that it had submitted to seek an exemption with a view to engaging M/s Nespak. The

Published 14 Jul, 2014 12:00am

Water everywhere for DR Congo city yet scarcely a drop to drink

Goma, a city in eastern Democratic Republic of Congo, sits by one of the world's largest freshwater reservoirs and has some of Africa's heaviest annual rainfall, yet it is a thirsty place.

Published 14 Jul, 2014 12:00am

Modi goes slow on 'big bang' budget reform

The maiden budget from India's new right-wing government has promised a return to high growth - but disappointed some who hoped premier Narendra Modi might use his thumping mandate to unleash radical change.

Published 14 Jul, 2014 12:00am

Privatisation: good, bad or suspect - II

Pakistan Muslim League-Nawaz (PML-N) has ideologically supported privatization not only with the objective of reducing the annual drain due to large bail out packages to inefficiently run state-owned entities (SOEs) but also as a means to reduce the budge

Published 14 Jul, 2014 12:00am

N-parity essential to peace

But for India's May 18, 1974 'Smiling Buddha' nuclear test there would have been no such thing as the Nuclear Suppliers Group (NSG). The impetus for the group's creation was the determination of the then nuclear powers - the US, Canada, Germany, Japan, th

Published 14 Jul, 2014 12:00am

Cut in export refinance rate

According to a circular issued by the State Bank on 8th July, the mark-up rate for exporters availing financing facilities under Export Finance Scheme (EFS) has been revised downwards by 90 basis points (bps) from 8.4 percent to 7.5 percent per annum with

Published 14 Jul, 2014 12:00am

Georgia's ruling party sweeps to victory in local election runoffs

Georgia's ruling Georgian Dream coalition has won a string of local election runoffs, cementing its control of local councils which had been the last powerbase of former president Mikheil Saakashvili's party.

Published 14 Jul, 2014 12:00am

Clashes in Paris as thousands march against Israel offensive

Clashes erupted in Paris on Sunday as thousands of people protested against Israel and in support of residents in the Gaza Strip, where a six-day conflict has left 166 Palestinians dead. Several thousand demonstrators walked calmly through the streets of

Published 14 Jul, 2014 12:00am

Main Libya airport closed as rival militias clash

Deadly clashes raged Sunday around Libya's main international airport, closing it down, as the anti-Islamist militia that control it came under attack, airport officials said. The exchanges of fire with heavy weapons killed at least six people and wounded

Published 14 Jul, 2014 12:00am

Georgia buries Shevardnadze

Georgia on Sunday held ceremonies to bury Eduard Shevardnadze, a former Soviet diplomat hailed internationally for helping end the Cold War but a controversial president at home. Hundreds of people flocked to Tbilisi's Trinity Cathedral to pay their last

Published 14 Jul, 2014 12:00am

Northern Ireland unionist parades pass off peacefully

Tens of thousands Northern Ireland unionists held a peaceful parade in north Belfast on Saturday, marking the culmination of the loyal order marching season. The march was prevented from passing along the Crumlin Road in Ardoyne, a bitterly contested boun

Published 14 Jul, 2014 12:00am

Link-up between Yemen and Syria Islamists of 'extreme concern': US

US Attorney General Eric Holder said on Sunday that intelligence suggesting Islamist bombmakers from Yemen have teamed up in Syria is "more frightening than anything" he had seen before.

Published 14 Jul, 2014 12:00am

Three killed in US shooting in southern California

Three people were killed and two wounded in a late Saturday shooting in a working class neighborhood in Pasadena, California, local officials said. Pasadena Police Chief Phillip Sanchez told reporters that the shooter and his targets appeared to have a la

Published 14 Jul, 2014 12:00am

Ukraine clashes kill 18 civilians, Putin talks nixed

Escalating clashes between pro-Kremlin separatists and Ukrainian forces on Sunday killed 18 civilians and forced the new Western-backed leader to cancel a pivotal meeting with Russian President Vladimir Putin at the World Cup in Brazil. An explosive secur

Published 14 Jul, 2014 12:00am

Taiwan starts using drones to spy on China

Taiwan has started using unmanned surveillance aircraft to spy on China to reduce the risk to its pilots from an increased deployment of Chinese missiles, media reported Sunday. The army in March commissioned a fleet of 32 unmanned aerial vehicles, or dro

Published 14 Jul, 2014 12:00am

Spying row: US and Germany 'great friends,' says Kerry

Germany and the United States sought Sunday to restore vital ties badly frayed by a spying row which led to the expulsion of the CIA station chief in Berlin. Secretary of State John Kerry emerged from talks with his German counterpart Frank-Walter Steinme

Published 14 Jul, 2014 12:00am

Climate change may cause more kidney stones

A warming planet is likely to bring more hot days, more sweaty people and more dehydration - a key risk factor for a surge in kidney stones, researchers said on July 10. Already, the study in the journal Environmental Health Perspectives found a link betw

Published 14 Jul, 2014 12:00am

Hostile people more likely to suffer a stroke

Feeling cynical and hostile toward others may double the risk of having a stroke in middle-aged and older adults, according to a study out on July 10. The research in Stroke, a journal of the American Heart Association, also found that depression and high

Published 14 Jul, 2014 12:00am

Test vaccine for dengue seen as promising

A prototype vaccine for dengue that two years ago yielded lukewarm results has proved more effective after wider trials and is a potential arm against the disease, researchers said on July 10. Devised by the French pharmaceutical giant Sanofi Pasteur, the

Published 14 Jul, 2014 12:00am

Skills in maths, reading shared by same genes

A common set of genes play a role in learning to read and do maths, with tiny variants influencing a child's skills in these tasks, according to a study published on July 08. But this ability is not just gene-driven, as schooling and help from parents are

Published 14 Jul, 2014 12:00am

Dubai plans to build climate controlled city

Dubai is planning to build a temperature-controlled city featuring the world's largest mall and an indoor park, as well as hotels, health resorts and theatres, the developer said. Already home to one of the globe's biggest indoor shopping complexes, Dubai

Published 14 Jul, 2014 12:00am

Tips from space give long-range warning of floods

Satellite monitoring of tiny changes in the gravitational field of river basins may give up to 11 months' warning of disastrous floods, a study published on July 06 said. Researchers at the University of California at Irvine drew up a map of the Mississip

Published 14 Jul, 2014 12:00am

Extreme obesity cuts lifespan more than smoking

That obesity can cut life short by causing strokes and other illnesses comes as no surprise, but a study reported on July 08 quantifies the toll: The most extreme cases cut a person's lifespan more than cigarettes.

Published 14 Jul, 2014 12:00am

Study paves way for a blood test to predict Alzheimer's

British scientists have identified a set of 10 proteins in the blood that can predict the onset of Alzheimer's and call this an important step towards developing a test for the incurable brain-wasting disease. Such a test could initially be used to select

Published 14 Jul, 2014 12:00am

World cities, home to most people, to add 2.5 billion more by 2050: UN

More than half of the world's seven billion people live in urban areas, with the top "mega cities" - with more than 10 million inhabitants - being Tokyo, Delhi, Shanghai, Mexico City and Sao Paulo, according to a United Nations report on July 10.

Published 14 Jul, 2014 12:00am

Without keyboards, smart watches and spectacles guess what you want

There will be many new features to get used to as consumers begin to transition to internet-connected watches and eyeglasses. One of the big changes will be getting used to having information delivered before you even ask for it.

Published 14 Jul, 2014 12:00am

Microsoft chief tells workers changes are coming

Microsoft chief Satya Nadella on Thursday called on workers to rise to the challenges of a fast-changing technology world and ready themselves for changes at the company.

Published 14 Jul, 2014 12:00am

Microsoft says cybercrime bust frees 4.7 million infected PCs

Microsoft Corp said it has freed at least 4.7 million infected personal computers from control of cyber crooks in its most successful digital crime-busting operation, which interrupted service at an Internet-services firm last week. The world's largest so

Published 14 Jul, 2014 12:00am

Verizon data queries nearly 150,000 in 2014

US telecom giant Verizon said Tuesday it received nearly 150,000 requests for customer data from US law enforcement agencies in the first half of 2014. The total including subpoenas, warrants and other orders was 148,903, roughly in line with the full-yea

Published 14 Jul, 2014 12:00am

IBM to spend $3 billion aiming for computer chip breakthrough

IBM announced plans Wednesday to pump $3 billion into an overhaul of computer chip technology to better meet modern demands of "Big Data" and computing pushed to the Internet "cloud." The New York-based technology veteran hopes to leave behind the silicon

Published 14 Jul, 2014 12:00am

Apple iPhone 'threat to national security': Chinese media

Chinese state broadcaster CCTV has accused US technology giant Apple of threatening national security through its iPhone's ability to track and time-stamp a user's location. The "frequent locations" function, which can be switched on or off by users, coul

Published 14 Jul, 2014 12:00am

Global device sales shifting to mobile: survey

Global sales of electronic devices including PCs, tablets and mobile phones hit 2.4 billion units this year, with the mobile segment leading the way, a survey showed Monday. The survey by Gartner Inc suggests a moderation in the declining PC market, predi

Published 14 Jul, 2014 12:00am

Outdoor cameras can't do everything: get the right one for your job

Just about any outdoor camera is designed to be robust and able to withstand a certain amount of dust, as well as submersion in water. But they're also all unique, notes German computer magazine c't Digitale Fotografie. Think about what you want the camer

Published 14 Jul, 2014 12:00am

Industrial control a weak link in cybersecurity: study

Cybersecurity threats are rising for industrial control systems around the world, a growing target for attackers seeking to wreak havoc, a study showed Thursday. The study by Ponemon Institute and Unisys Corp of 599 technology executives in 13 countries f

Published 14 Jul, 2014 12:00am

Mozilla kicks off global 'digital literacy' programme

The Mozilla Foundation is expecting more than 100,000 people to participate in a series of events world-wide over the next two months teaching basic Internet use and other digital skills.

Published 14 Jul, 2014 12:00am

Calculator app lets you shake up answers

Anyone trying to perform higher-level math problems with their smartphone's calculator will quickly find they're missing some of the more complicated commands required for the more advanced maths. Not so with Shake Calc, which has a standard screen with b

Published 14 Jul, 2014 12:00am

Intel to make audio/visual gear chips for Panasonic

Intel Corp said on Monday it would make chips for Panasonic for the audio- and visual-equipment markets, the latest expansion of Intel's contract manufacturing business in the face of slow personal computer sales. With Intel far behind rivals in making ch

Published 14 Jul, 2014 12:00am

Disconnect Firefox from Google for your privacy

Firefox users might think that, by giving up Google and switching to a different browser, that they're no longer feeding information to the internet search company. They'd be wrong, according to German computer magazine c't.

Published 14 Jul, 2014 12:00am

Amazon launches document collaboration service

Amazon on Thursday launched an online service for collaborating on work projects in a challenge to tech titan Google. Zocalo is being billed as a secure, managed venue for storing, sharing and amassing feedback on documents, spreadsheets, presentations, W

Published 14 Jul, 2014 12:00am

KP CM approves establishment of two food streets

KP Chief Minister Thursday visited Namak Mandi and historic Ghorghat Tree Park where he inspected the sites of proposed Food Streets and approved the establishment of food streets on them.

Published 14 Jul, 2014 12:00am

Israeli aggression on Gaza: JI to observe protest week from today

Jamaat-i-Islami on Sunday announced to observe protest week against Israeli forces strikes on Gaza strip and aggression on innocent Palestinians. The protest week will be started from today July 14, under which rallies and demonstrations will be held in d

Published 14 Jul, 2014 12:00am

MCCI opposes increase in power tariff

Multan Chamber of Commerce and Industry (MCCI) has opposed an increase in power tariff by Rs 2.50 per unit for agriculture tube wells describing it a step towards destruction of agriculture sector which was saving foreign exchange of billions of rupees.

Published 14 Jul, 2014 12:00am

Protesters condemn Israeli aggression

Protesters on Sunday burnt the flags of the UN, Israel and United States in Multan to condemn Israeli aggression against Palestinians. The members of civil society staged a demonstration at Chowk Kutchery under the leadership of Tariq Naeem-ullah Khan to

Published 14 Jul, 2014 12:00am

Police stations to have separate interrogation rooms in capital

Islamabad Police have decided to set up separate interrogation rooms in each police station to ensure smooth probe into various cases and handle them in a professional manner through the assistance of investigation experts.

Published 14 Jul, 2014 12:00am

Shortage of CNG adversely impacts on cabbies' business

The cabbies' business is passing through critical juncture as the provision of the Compressed Natural Gas (CNG), mostly used in the public transport is available only for two days and that also only for 7 hours each day. Definitely, the most effected clas

Published 14 Jul, 2014 12:00am

Military, technical co-operation: Pakistan, Belarus agree to develop bilateral ties

The 7th International Exhibition of Arms and Military Machinery (MILEX-2014) being held in Minsk, Belarus explored ways for developing bilateral co-operation as the Minister for Defence Production, Rana Tanveer Hussain held meetings with senior officials

Published 14 Jul, 2014 12:00am

Cylinder blast in factory: chief minister takes notice

Punjab Chief Minister Muhammad Shahbaz Sharif has taken notice of fire as a result of cylinder blast in a factory in Gajjumatta area of Lahore and ordered an inquiry into the incident. He also directed that rescue operation for the persons trapped in the

Published 14 Jul, 2014 12:00am

Three bandits killed in encounters near Sultankot

Shikarpur district police have started operation against criminals after getting free hand from the Sindh government. In the wee hours of Sunday, three notorious dacoits identified as Ghulam Nabi Rahojo, Bhaoo Lund and Ayub Marfani were killed in encounte

Published 14 Jul, 2014 12:00am

Karachi operation: Federal government to resolve MQM concerns

The federal government on Sunday assured the MQM to address its concern regarding ongoing targeted operation in Karachi. Prime Minister Muhammad Nawaz Sharif has directed Interior Minister Chaudhry Nisar Ali Khan to consult the MQM and asked him to launch

Published 14 Jul, 2014 12:00am

Qatar blames recruiters abroad for labour abuse

World Cup 2022 host Qatar, under international criticism over working conditions for migrant workers, said recruitment agencies in Asia were the main party to blame for any abuse. A report commissioned by the Qatar Foundation chaired by the ruling emir's

Published 14 Jul, 2014 12:00am

Austrian investor not interested in Germany's Karstadt

Austrian investor Rene Benko is not interested in taking control of German department store chain Karstadt, Focus magazine reported on Sunday, citing company sources. German daily Bild had reported on Friday that billionaire Nicolas Berggruen could sell o

Published 14 Jul, 2014 12:00am

Modi pins hope on new BRICS bank

Indian Prime Minister Narendra Modi headed to Brazil Sunday for a meeting of the BRICS group of emerging powers, hoping to seal the long-discussed deal to open a new development bank. Modi will be the guest of Brazilian President Dilma Rousseff who also h

Published 14 Jul, 2014 12:00am

Putin, Kirchner seek 'multipolarity' in Argentina visit

Russian President Vladimir Putin and his Argentine counterpart Cristina Kirchner called Saturday for a multipolar world order as Moscow sought to boost ties with Latin America amid heightened East-West tensions.

Published 14 Jul, 2014 12:00am

Nepal unveils $6.4 billion budget

Nepal's new government on Sunday unveiled the country's first full budget in three years, aimed at revitalising an economy hit by long-standing political turmoil. Finance Minister Ram Sharan Mahat outlined the $6.4 billion budget with spending on policies

Published 14 Jul, 2014 12:00am

BNP, tax evasion: US still dictates its economic law

Although its diplomatic clout is compromised on several fronts, the United States still dictates its economic law around the globe and has even expanded its reach, at the risk of raising hackles. The case of BNP Paribas is the most spectacular evidence of

Published 14 Jul, 2014 12:00am

Bundesbank concerned by US penalties for European banks

The Bundesbank is concerned by penalties European banks are paying the United States to settle investigations into sanctions violations involving Sudan, Iran and Cuba, Spiegel magazine reported, quoting an official at the German central bank.

Published 14 Jul, 2014 12:00am

Britain plans to remove 'wiggle room' in foreign takeover rules: minister

Britain plans to force foreign buyers of major British companies to make binding commitments on issues that are in the national interest such as investment in research, Business Secretary Vince Cable said on Sunday.

Published 14 Jul, 2014 12:00am

France moves against substandard restaurant food

Food lovers may put France on a pedestal, but microwaved or pre-packaged dishes have become so common in restaurants that authorities are introducing a new "home-made" label for chefs cooking meals from scratch. From Tuesday, French restaurants will be ab

Published 14 Jul, 2014 12:00am

Boeing plans higher-capacity version of 737 jet

Boeing plans to bring out a new minor model of its best-selling 737 passenger jet with extra seats, the head of its planemaking division said, stepping up efforts to woo low-cost carriers in competition with Europe's Airbus.

Published 14 Jul, 2014 12:00am

South African metalworkers' union rejects pay offer

South Africa's metalworkers' union NUMSA rejected the latest pay offer from engineering and steel sector employers on Sunday, saying black workers were still underpaid, and threatened to widen its two-week old strike.

Published 14 Jul, 2014 12:00am

Swimming Thorpe 'comfortable' with gay admission in interview

Australian swimming champion Ian Thorpe revealed he was gay in an interview Sunday and said he was now comfortable admitting it after years of denying rumours about his sexuality. The five-time Olympic gold medallist made the revelation in an interview wi

Published 14 Jul, 2014 12:00am

Marquez on cloud nine after German win

Spaniard Marc Marquez won his ninth consecutive race of the season on Sunday as he dominated the German MotoGP to finish ahead of Honda team-mate and compatriot Dani Pedrosa with Jorge Lorenzo on a Yamaha in third.

Published 14 Jul, 2014 12:00am

Brazil leader thanks World Cup team for joyous moments

Brazilian President Dilma Rousseff on Sunday thanked the Brazilian World Cup team for "moments of joy" prior to a stunning exit. The five-time champions signed off from the tournament in miserable fashion, annihilated 7-1 by Germany in their semi-final be

Published 14 Jul, 2014 12:00am

Binny bats India to draw with England

India debutant Stuart Binny's maiden fifty made sure of a draw with England in the first Test at Trent Bridge on Sunday. On a docile pitch, a draw had always seemed the most likely outcome and so it proved as the first of this five-match series ended in s

Published 14 Jul, 2014 12:00am

Gallopin ends three-year French yellow wait

Tony Gallopin dug in hard on the final 30km to ensure he would wrest the Tour de France yellow jersey from Vincenzo Nibali on Sunday and give France a timely boost before Monday's Bastille Day. No Frenchman had worn the fabled race leader's jersey since T

Published 14 Jul, 2014 12:00am

Bangladesh fan unfurls 3.5km German flag before World Cup

Germany has honoured a Bangladesh farmer and die-hard fan for making a 3.5-kilometre-long (2.2 mile) flag of the country in support of Philipp Lahm's World Cup team, officials said Sunday. The massive flag was on display Saturday at a stadium in the weste

Published 14 Jul, 2014 12:00am

Goalkeepers shine brightest in Brazil

Despite being a tournament labelled as the return of attack-minded football after the caution shown in South Africa four years ago, Brazil 2014 has been a platform for the world's best goalkeepers to shine. Sunday's final features the widely regarded best

Published 14 Jul, 2014 12:00am

Brazil booed as Netherlands claim third

Brazil's miserable World Cup campaign ended to a chorus of boos on Saturday as the hosts slumped to a 3-0 defeat against the Netherlands in the third place playoff match. A penalty from Robin van Persie and a Daley Blind strike saw the Dutch take a 2-0 le

Published 14 Jul, 2014 12:00am

Carrefour cashes in Indian chips

French retail giant Carrefour said on July 07 that it will pull out of the Indian market with the closure of its five wholesale "cash & carry" stores by the end of September. Press reports have linked the move to the general election victory in May by the

Published 14 Jul, 2014 12:00am

Bharti Airtel to sell 3,100 telecoms towers in Africa

India's top mobile phone carrier Bharti Airtel Ltd said it will sell about 3,100 telecoms towers in four African countries to Helios Towers Africa, in keeping with its plans to sell most of its transmitter towers in Africa in a process that could raise up

Published 14 Jul, 2014 12:00am

S&P says Boeing at risk if Export-Import Bank closed

Aviation giant Boeing would be the biggest loser among American industrial giants from a move by congressional Republicans to close the US Export-Import Bank, a Standard & Poor's report said on July 08. Boeing would face "long-term credit risks" if Congre

Published 14 Jul, 2014 12:00am

S&P says Boeing at risk if Export-Import Bank closed

Published 14 Jul, 2014 12:00am

Barclays names investment banking bosses for Asia, M&A

British bank Barclays Plc has appointed Reid Marsh as co-head of investment banking in Asia-Pacific and promoted Gary Posternack to global head of mergers and acquisitions, a person familiar with the matter said on July 08. Mark Warham, head of M&A in the

Published 14 Jul, 2014 12:00am

Unilever sells Slim-Fast brand to US private equity firm

Consumer goods maker Unilever Plc said it had sold its Slim-Fast brand to Kainos Capital, a US-based private equity firm focused on the food and consumer sector. The sale is part of Unilever's ongoing effort to reshape its US portfolio and focus on its co

Published 14 Jul, 2014 12:00am

Unilever sells Slim-Fast brand to US private equity firm

Published 14 Jul, 2014 12:00am

Schlumberger eyes shale, deep water investment in Mexico

Schlumberger, the world's largest oil services company, plans to take advantage of Mexico's energy overhaul by investing for the first time in shale deposits and boosting its deep water exploration, a company official said on July 10. Mexico, the world's

Published 14 Jul, 2014 12:00am

Air France-KLM slashes earnings forecast for 2014

Air France-KLM on July 08 slashed its earnings forecast for 2014, hit by over-capacity in traditionally lucrative long-haul routes and persistently weak cargo demand. Europe's second biggest airline after Lufthansa said earnings before tax, depreciation a

Published 14 Jul, 2014 12:00am

Total CEO warns against new Berlin Wall with Russia

Europe should stop thinking about cutting its dependence on Russian gas and focus instead on making those deliveries safer, including options to bypass Ukraine, the head of French oil major Total told Reuters. In his strongest backing for Russia and its e

Published 14 Jul, 2014 12:00am

Emerging market fund managers ignore borders, chase profits

US emerging market fund managers are paying less attention to where a company is located or listed than to whether it's making money, either as an advanced world company doing business in the developing world, or the other way around. A top holding in the

Published 14 Jul, 2014 12:00am

Emerging market fund managers ignore borders, chase profits

Published 14 Jul, 2014 12:00am

Venture capitalist Draper wins bitcoin auction

Venture capitalist Tim Draper won the US Marshals bitcoin auction earlier this week that captured about $18 million for 30,000 bitcoin, according to a statement emailed to Reuters on Wednesday. "With the help of Vaurum and this newly purchased bitcoin, we

Published 14 Jul, 2014 12:00am

Previous Day

Forex
World
Commodity

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 18	258.16

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Jun 18 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Jun 18 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Jun 18 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Jun 18 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Jun 18 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Jun 18 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Jun 18 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Jun 18 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Jun 18 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Jun 18 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Jun 18 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Jun 18 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Jun 18 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Jun 18 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Jun 18 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Jun 18 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Jun 18 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Jun 18 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Jun 18 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Jun 18 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Jun 18 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Jun 18 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Jun 18 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Jun 18 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Jun 18 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Jun 18 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Jun 18 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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