News Archives for Print - 2014-07-19

JLI Managed Growth Fund Rates

Jubilee Life Insurance Managed Growth Fund Rates on Friday (July 18, 2014).

Published 19 Jul, 2014 12:00am

Transfer of immovable property: inherited property exempted from WHT

The Federal Board of Revenue (FBR) has exempted inherited property from payment of 1-2 percent withholding tax on transfer of immovable property under the Finance Act, 2014. According to the income tax circular issued here on Friday, the FBR has clarified

Published 19 Jul, 2014 12:00am

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Friday (July 18, 2014).

Published 19 Jul, 2014 12:00am

Transfer of immovable property: inherited property exempted from WHT

The Federal Board of Revenue (FBR) has exempted inherited property from payment of 1-2 percent withholding tax on transfer of immovable property under the Finance Act, 2014. According to the income tax circular issued here on Friday, the FBR has clarified

Published 19 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 19 Jul, 2014 12:00am

Transfer of immovable property: inherited property exempted from WHT

The Federal Board of Revenue (FBR) has exempted inherited property from payment of 1-2 percent withholding tax on transfer of immovable property under the Finance Act, 2014. According to the income tax circular issued here on Friday, the FBR has clarified

Published 19 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 18, 2014).

Published 19 Jul, 2014 12:00am

UN demands crash probe as first monitors reach Ukraine site

The United Nations added its voice to global demands Friday for a full probe into the apparent downing of a Malaysian airliner in rebel-held east Ukraine, as international monitors arrived at the crash site. An AFP crew saw around 30 observers from the Or

Published 19 Jul, 2014 12:00am

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Friday (July 18, 2014).

Published 19 Jul, 2014 12:00am

UN demands crash probe as first monitors reach Ukraine site

The United Nations added its voice to global demands Friday for a full probe into the apparent downing of a Malaysian airliner in rebel-held east Ukraine, as international monitors arrived at the crash site. An AFP crew saw around 30 observers from the Or

Published 19 Jul, 2014 12:00am

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Friday (July 18, 2014).

Published 19 Jul, 2014 12:00am

PM extends condolence message to Malaysian Prime Minister

Prime Minister Nawaz Sharif on Friday extended deep condolences to Prime Minister of Malyasia Dato Sri Mohd Najib bin Tun Abdul Razak over the tragic crash of Malaysian plane. Foreign Office in a statement said that Prime Minister Nawaz Sharif in a letter

Published 19 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 18, 2014).

Published 19 Jul, 2014 12:00am

PM extends condolence message to Malaysian Prime Minister

Prime Minister Nawaz Sharif on Friday extended deep condolences to Prime Minister of Malyasia Dato Sri Mohd Najib bin Tun Abdul Razak over the tragic crash of Malaysian plane. Foreign Office in a statement said that Prime Minister Nawaz Sharif in a letter

Published 19 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 18, 2014).

Published 19 Jul, 2014 12:00am

Downing of Malaysian airliner: Crisis grows as Obama points to separatists

The United States on Friday built a case that pro-Moscow separatists downed a Malaysian airliner in Ukraine with a surface-to-air missile, killing all 298 people on board - with the possible technical assistance of Russians. The first international monito

Published 19 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 18, 2014).

Published 19 Jul, 2014 12:00am

Downing of Malaysian airliner: Crisis grows as Obama points to separatists

The United States on Friday built a case that pro-Moscow separatists downed a Malaysian airliner in Ukraine with a surface-to-air missile, killing all 298 people on board - with the possible technical assistance of Russians. The first international monito

Published 19 Jul, 2014 12:00am

Interest rates on old and incremental FCY deposits

Interest rates on old and incremental FCY deposits on Friday (July 18, 2014).

Published 19 Jul, 2014 12:00am

TAPI gas pipeline: operational accord inked

Turkmenistan, Afghanistan, Pakistan and India (TAPI) on Friday signed an operational agreement on an ambition gas pipeline project, a private TV channel reported. The 700 kilometres Turkmenistan-Afghanistan-Pakistan-India (TAPI) pipeline will carry gas fr

Published 19 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 18, 2014).

Published 19 Jul, 2014 12:00am

TAPI gas pipeline: operational accord inked

Turkmenistan, Afghanistan, Pakistan and India (TAPI) on Friday signed an operational agreement on an ambition gas pipeline project, a private TV channel reported. The 700 kilometres Turkmenistan-Afghanistan-Pakistan-India (TAPI) pipeline will carry gas fr

Published 19 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 18, 2014).

Published 19 Jul, 2014 12:00am

TAPI gas pipeline: operational accord inked

Turkmenistan, Afghanistan, Pakistan and India (TAPI) on Friday signed an operational agreement on an ambition gas pipeline project, a private TV channel reported. The 700 kilometres Turkmenistan-Afghanistan-Pakistan-India (TAPI) pipeline will carry gas fr

Published 19 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 18, 2014).

Published 19 Jul, 2014 12:00am

Dar, others barred from interfering in AGP''s functions

The Islamabad High Court (IHC) on Friday barred Minister for Finance Ishaq Dar, Secretary Finance Dr Waqar Masood and Farah Ayub Tarin, Controller General of Accounts (CGA), from interfering in the administrative functions and constitutional powers of the

Published 19 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 18, 2014).

Published 19 Jul, 2014 12:00am

Dar, others barred from interfering in AGP's functions

The Islamabad High Court (IHC) on Friday barred Minister for Finance Ishaq Dar, Secretary Finance Dr Waqar Masood and Farah Ayub Tarin, Controller General of Accounts (CGA), from interfering in the administrative functions and constitutional powers of the

Published 19 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 19 Jul, 2014 12:00am

Dar, others barred from interfering in AGP's functions

The Islamabad High Court (IHC) on Friday barred Minister for Finance Ishaq Dar, Secretary Finance Dr Waqar Masood and Farah Ayub Tarin, Controller General of Accounts (CGA), from interfering in the administrative functions and constitutional powers of the

Published 19 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 19 Jul, 2014 12:00am

Monetary Policy Statement today

The State Bank of Pakistan (SBP) will announce Monetary Policy Statement for next two months today (Saturday) amid expectations of a status quo. The central bank''s board of directors will meet at SBP Head Office to take a decision on key interest rate. T

Published 19 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 19 Jul, 2014 12:00am

Monetary Policy Statement today

The State Bank of Pakistan (SBP) will announce Monetary Policy Statement for next two months today (Saturday) amid expectations of a status quo. The central bank's board of directors will meet at SBP Head Office to take a decision on key interest rate. Th

Published 19 Jul, 2014 12:00am

Aaj TV - Saturday's schedule

All timings are in PST (Pakistan Standard Time).

Published 19 Jul, 2014 12:00am

Monetary Policy Statement today

The State Bank of Pakistan (SBP) will announce Monetary Policy Statement for next two months today (Saturday) amid expectations of a status quo. The central bank's board of directors will meet at SBP Head Office to take a decision on key interest rate. Th

Published 19 Jul, 2014 12:00am

BRIDGE NOTES: Grand Slam truly earned

When opponents freely bid a Grand Slam without opponents intervening bids, they are pretty confident that the Grand Slam is solidly sacrosanct and almost unbeatable. But as with this fascinating game's innumerable combinations of cards, any slam could hav

Published 19 Jul, 2014 12:00am

BRIndex30 sheds 17.68 points

On Friday, BRIndex30 opened at 16,839.17. It touched an intraday high of 16,891.33 and an intraday low of 16,782.22 and closed at 16,821.49 which was -17.68 points or -0.1 percent lower than previous close. Total volume was 87,315,400, which was 63.68 per

Published 19 Jul, 2014 12:00am

'Take your clothes off, be like me!' says wise-cracking robot

A wise-cracking humanoid robot called Pepper whose makers claim can read people's emotions was unveiled in Tokyo last month. Mobile carrier Softbank, which created the robot, says Pepper can understand 70 to 80 percent of spontaneous conversations - altho

Published 19 Jul, 2014 12:00am

BRIndex30 sheds 17.68 points

On Friday, BRIndex30 opened at 16,839.17. It touched an intraday high of 16,891.33 and an intraday low of 16,782.22 and closed at 16,821.49 which was -17.68 points or -0.1 percent lower than previous close. Total volume was 87,315,400, which was 63.68 per

Published 19 Jul, 2014 12:00am

Japanese androids take us closer to 'Blade Runner' future

A future in which it is difficult to tell man and machine apart could soon become reality, scientists say, after recent robotic breakthroughs in Japan. But as the once-fantastical idea of wise-cracking android sidekicks takes form in laboratories - and th

Published 19 Jul, 2014 12:00am

Index hits new all-time high

After witnessing a historic session Thursday, Karachi Stock Exchange on Friday hit a fresh all-time high led by oil and cement stocks on profound foreign interest. The benchmark KSE-100 index gained 48 points to close at 30,225 points. Samar Iqbal, AVP at

Published 19 Jul, 2014 12:00am

High cost of Shakespeare costumes reflects Elizabethan vanity

What would Lady Macbeth be without something extravagant in which to sweep on stage or Hamlet without a silk doublet and padded hose? Costumes - the unsung heroes of Shakespearean theatre - are the stars of a new exhibition that reveals the huge effort th

Published 19 Jul, 2014 12:00am

Index hits new all-time high

After witnessing a historic session Thursday, Karachi Stock Exchange on Friday hit a fresh all-time high led by oil and cement stocks on profound foreign interest. The benchmark KSE-100 index gained 48 points to close at 30,225 points. Samar Iqbal, AVP at

Published 19 Jul, 2014 12:00am

A Minute With: Actors Butler and Ferguson on Scotland and dragons

As two of Hollywood's prominent Scotsmen, actor Gerard Butler and comedian Craig Ferguson relished the chance to embrace their inner Vikings and ride dragons. Butler and Ferguson reunite as Stoick and Gobber, two burly best friends in Dreamworks' animated

Published 19 Jul, 2014 12:00am

Index hits new all-time high

After witnessing a historic session Thursday, Karachi Stock Exchange on Friday hit a fresh all-time high led by oil and cement stocks on profound foreign interest. The benchmark KSE-100 index gained 48 points to close at 30,225 points. Samar Iqbal, AVP at

Published 19 Jul, 2014 12:00am

Combining vaccines may help eradicate polio

Combining two types of polio vaccine, including one that is injected rather than given orally, appears to give better immunity and could speed efforts to eradicate the crippling disease, scientists said last Friday. British and Indian researchers said the

Published 19 Jul, 2014 12:00am

UK banks face break-up threat as watchdog plans competition probe

Britain''s big banks could be broken up after the country''s new competition watchdog set out plans for an 18-month investigation into services for small business customers and personal accounts because of a lack of competition. The Competition and Market

Published 19 Jul, 2014 12:00am

Scientists explain stress-heart attack link

Scientists said they may have unravelled how chronic stress leads to heart attack and stroke: triggering overproduction of disease-fighting white blood cells which can be harmful in excess. Surplus cells clump together on the inner walls of arteries, rest

Published 19 Jul, 2014 12:00am

UK banks face break-up threat as watchdog plans competition probe

Britain's big banks could be broken up after the country's new competition watchdog set out plans for an 18-month investigation into services for small business customers and personal accounts because of a lack of competition. The Competition and Markets

Published 19 Jul, 2014 12:00am

For young women, depression tied to risk of heart problems

Women under age 55 with suspected heart problems are twice as likely to have a heart attack, require artery-opening procedures or die if they also have depression, according to a new study. "We can't prove with this study that depression causes heart dise

Published 19 Jul, 2014 12:00am

UK banks face break-up threat as watchdog plans competition probe

Britain's big banks could be broken up after the country's new competition watchdog set out plans for an 18-month investigation into services for small business customers and personal accounts because of a lack of competition. The Competition and Markets

Published 19 Jul, 2014 12:00am

Pamplona battles camera craze by bull run daredevils

Spanish authorities are cracking down on dare devils who shoot camera footage even as they risk their lives by running with half-tonne fighting bulls at the annual San Fermin festival. Police routinely stop people carrying cameras from taking part in the

Published 19 Jul, 2014 12:00am

Marine-linked infrastructure at Gadani power park: Construction plan approved by Ecnec

The Executive Committee of the National Economic Council (Ecnec) on Friday approved the construction of a marine-linked infrastructure for 6600 MW Pakistan Power Park at Gadani, Balochistan at a cost of Rs 146.60 billion. The meeting presided over by Fina

Published 19 Jul, 2014 12:00am

Keillor says he still has 'distance to cover'

Don't tell Garrison Keillor that his new book, "The Keillor Reader," is the capstone to his more than 40-year career as a writer, humorist and host of the popular radio program "A Prairie Home Companion." The book collects for the first time many Keillor

Published 19 Jul, 2014 12:00am

Marine-linked infrastructure at Gadani power park: Construction plan approved by Ecnec

The Executive Committee of the National Economic Council (Ecnec) on Friday approved the construction of a marine-linked infrastructure for 6600 MW Pakistan Power Park at Gadani, Balochistan at a cost of Rs 146.60 billion. The meeting presided over by Fina

Published 19 Jul, 2014 12:00am

Debut summer 'supermoon' hangs in the summer sky

A "supermoon" rose above cities from Los Angeles to London last Saturday night, the first of three times this year the full moon will orbit nearer the earth and appear unusually large and bright. The supermoon is technically known as a "perigee moon," and

Published 19 Jul, 2014 12:00am

Marine-linked infrastructure at Gadani power park: Construction plan approved by Ecnec

The Executive Committee of the National Economic Council (Ecnec) on Friday approved the construction of a marine-linked infrastructure for 6600 MW Pakistan Power Park at Gadani, Balochistan at a cost of Rs 146.60 billion. The meeting presided over by Fina

Published 19 Jul, 2014 12:00am

Amazon rainforest grew after climate change 2,000 years ago

Swathes of the Amazon may have been grassland until a natural shift to a wetter climate about 2,000 years ago let the rainforests form, according to a study that challenges common belief that the world's biggest tropical forest is far older.

Published 19 Jul, 2014 12:00am

Gunmen kill five in attacks on Peshawar police

At least five people were killed and two others wounded Friday following two attacks here that targeted police personnel, officials said. Three officers and a civilian were killed when gunmen opened fire on their van as they dined at a restaurant. "The po

Published 19 Jul, 2014 12:00am

Young discover love for the retro charm of pre-digital days

Germany is a modern country with all the trappings of a tech-savvy population like smartphones and social media-addicted youth. But even in times like these people still like to hold on to old things like typewriting machines, letters and Polaroid cameras

Published 19 Jul, 2014 12:00am

Gunmen kill five in attacks on Peshawar police

At least five people were killed and two others wounded Friday following two attacks here that targeted police personnel, officials said. Three officers and a civilian were killed when gunmen opened fire on their van as they dined at a restaurant. "The po

Published 19 Jul, 2014 12:00am

ART FACTS: Majestic calligraphic works

Majestic atmosphere of Ahmed Pervez Art Gallery at The Arts Council of Pakistan, Karachi overwhelms the visitors. The walls of the gallery were adorned by the most attractive vivid stylised letters and words in various calligraphic styles highlighting Qur

Published 19 Jul, 2014 12:00am

Nine security personnel killed in Jamrud

At least eight paramilitaries were killed in a gunfight with militants in restive north-west early on Friday, while a policeman died when a hidden bomb exploded in a city centre. The gunfight - which also left five militants dead - occurred near Peshawar,

Published 19 Jul, 2014 12:00am

KARACHI CHRONICLE: Sports professionalism

The FIFA World Cup has ended in Brazil, with Germany emerging champions, Argentina second and Netherlands at third place. Experts and viewers are unanimous in believing there has never been such an excellent football World Cup in which every participating

Published 19 Jul, 2014 12:00am

Nine security personnel killed in Jamrud

At least eight paramilitaries were killed in a gunfight with militants in restive north-west early on Friday, while a policeman died when a hidden bomb exploded in a city centre. The gunfight - which also left five militants dead - occurred near Peshawar,

Published 19 Jul, 2014 12:00am

Germany owes World Cup win to 'German method'

Germany's World Cup final victory is reward for a development which began more than a decade ago. Nearly all the players in the side which defeated Argentina 1-0 in the Maracana stadium were also on the field in Cape Town four years ago in South Africa in

Published 19 Jul, 2014 12:00am

Daily trading report of PMEX

On Friday at Pakistan Mercantile Exchange (PMEX) value traded was recorded at PKR 3.919 billion as compared to PKR 3.338 billion registered on Thursday, up 17.41 percent Number of lots traded was 19,405 and PMEX Commodity Index closed at 3,079. Major busi

Published 19 Jul, 2014 12:00am

Canadian canola futures up

ICE Canada canola futures edged higher on Thursday for the fourth straight session, supported by struggling crops in parts of Western Canada. 61 percent of oilseeds in the Canadian province of Saskatchewan are behind normal development, the provincial gov

Published 19 Jul, 2014 12:00am

EU clears 18,000 tonnes of Ukrainian wheat for imports

The European Union this week awarded licences to import 18,160 tonnes of Ukrainian wheat under a duty-free quota created this year as part of a trade deal between the EU and Kiev, official data showed on Thursday. The EU has now awarded just over 145,000

Published 19 Jul, 2014 12:00am

Deutsche Bank AG Limited declares profit rates

Deutsche Bank AG Limited has declared the rates of return on different types of deposits for the half year ended 30th June 2014.

Published 19 Jul, 2014 12:00am

Deutsche Bank AG Limited declares profit rates

Deutsche Bank AG Limited has declared the rates of return on different types of deposits for the half year ended 30th June 2014.

Published 19 Jul, 2014 12:00am

Zarai Taraqiati Bank Limited declares profit rates

Zarai Taraqiati Bank Limited has declared the rates of return on different types of deposits for the half year ended 30th June 2014.

Published 19 Jul, 2014 12:00am

Zarai Taraqiati Bank Limited declares profit rates

Zarai Taraqiati Bank Limited has declared the rates of return on different types of deposits for the half year ended 30th June 2014.

Published 19 Jul, 2014 12:00am

US FOB Gulf soyabean offers higher

US FOB Gulf soyabean basis offers were higher on Thursday on strong demand for new-crop supplies and tight autumn export capacity, while corn premiums were also firmer, traders said. Export loading capacity for October and November was nearly sold out fol

Published 19 Jul, 2014 12:00am

US natural gas hits seven-month low

US natural gas futures closed below $4 for the first time in seven months after government data showed stockpiles of the fuel continued to rise more quickly than expected, erasing fears of a supply shortfall ahead of next winter. US gas inventories rose 1

Published 19 Jul, 2014 12:00am

European Union wheat prices rise

European Union wheat prices rose on Wednesday, rebounding from 2-1/2 year lows hit on Monday, following a large purchase by Algeria of 810,000 tonnes of EU wheat while strong US markets also underpinned prices. Support also came from concerns about qualit

Published 19 Jul, 2014 12:00am

Karachi Port's activities

The Karachi Port handled 39,020 tonnes of cargo comprising 36,603 tonnes of import cargo and 2,417 tonnes of export cargo including 2,195 loaded and empty containers during the last 24 hours ending at 0700 hours on Friday. The total import cargo of 36,603

Published 19 Jul, 2014 12:00am

Cotton market: cautious buying by mills and exporters

Cautious buying by mills and exporters was seen on the cotton market on Friday as ginners keen to raise prices, dealers said. The official spot rate was unchanged at Rs 6,100, they added. The prices of seed cotton in Sindh were at Rs 3300-3325 and in Punj

Published 19 Jul, 2014 12:00am

No change on grain market

According to the Wholesale Grain Merchant Group, no change was seen on the grain market on Friday.

Published 19 Jul, 2014 12:00am

Russian ministry raises 2014 grain crop forecast

Russia's agriculture ministry upgraded its 2014 grain harvest forecast to 100 million tonnes, up 3 percent compared to the previous estimate, it said in a statement on Wednesday. The revision was due to dry weather which is speeding up the harvesting camp

Published 19 Jul, 2014 12:00am

US Plains HRW wheat bids steady

Hard red winter wheat spot basis bids in the US Plains were steady on Thursday, merchants said. Crop-damaging drought in key growing areas is retreating, leaving some key HRW wheat production areas with good soil moisture ahead of fall planting. A "Drough

Published 19 Jul, 2014 12:00am

Oman fund mulling Bulgarian bank rescue: ministry

Bulgarian finance ministry officials held talks on Friday with Oman's sovereign wealth fund on the chances of recapitalising the fourth-largest Bulgarian bank, CCB, which is on the brink of collapse. Finance Minister Petar Chobanov and the head of Oman's

Published 19 Jul, 2014 12:00am

Oman fund mulling Bulgarian bank rescue: ministry

Bulgarian finance ministry officials held talks on Friday with Oman's sovereign wealth fund on the chances of recapitalising the fourth-largest Bulgarian bank, CCB, which is on the brink of collapse. Finance Minister Petar Chobanov and the head of Oman's

Published 19 Jul, 2014 12:00am

Round of EU-US trade talks end amid protests

EU and US negotiators ended a sixth round of trade liberalisation talks on Friday by vowing to maintain transparency, as anti-globalisation protesters nearby urged the project be scrapped. "We have had intense discussions" that have been extremely technic

Published 19 Jul, 2014 12:00am

Xi woos Latin America with deals

China's president pressed a charm offensive with Latin America on Thursday, signing deals with Brazil, meeting regional leaders and proposing a $20 billion infrastructure fund that highlights Beijing's growing interests in the region. President Xi Jinping

Published 19 Jul, 2014 12:00am

Strike in Chinese COSCO-run Greek dock: union

A rare strike was called on Friday at the container terminal at the main port of Piraeus run by Chinese shipping giant COSCO, a union official said. "A strike has been called until Monday by around 150 dock workers," George Georgakopoulos, head of the fed

Published 19 Jul, 2014 12:00am

IBM software sales weaker than expected in second quarter

International Business Machines Corp's software business grew less than expected in the second quarter, sparking a selloff in the company's stock on Thursday, even as its revenue beat forecasts. The company's software business revenue grew 1 percent in th

Published 19 Jul, 2014 12:00am

IBM software sales weaker than expected in second quarter

International Business Machines Corp's software business grew less than expected in the second quarter, sparking a selloff in the company's stock on Thursday, even as its revenue beat forecasts. The company's software business revenue grew 1 percent in th

Published 19 Jul, 2014 12:00am

ADB cuts Southeast Asia growth outlook, blames tensions

The Asian Development Bank on Friday downgraded its 2014 economic outlook for Southeast Asia, citing political tensions in Thailand and Vietnam and soft external demand in Indonesia. The Manila-based lender said in a supplement to its economic outlook for

Published 19 Jul, 2014 12:00am

ADB cuts Southeast Asia growth outlook, blames tensions

The Asian Development Bank on Friday downgraded its 2014 economic outlook for Southeast Asia, citing political tensions in Thailand and Vietnam and soft external demand in Indonesia. The Manila-based lender said in a supplement to its economic outlook for

Published 19 Jul, 2014 12:00am

US leading indicator points to stronger second-half growth

A gauge of future US economic activity rose in June, supporting views of a stronger growth performance in the second half of the year. The Conference Board said on Friday that its Leading Economic Index increased 0.3 percent last month after an upwardly r

Published 19 Jul, 2014 12:00am

US consumer sentiment dips

US consumer sentiment dipped in early July while an index of consumer expectations weakened for a third straight month, a survey released on Friday showed. The Thomson Reuters/University of Michigan's preliminary July reading on the overall index on consu

Published 19 Jul, 2014 12:00am

Google's business chief departs, revenue up

Google Inc's chief business officer, one of Chief Executive Officer Larry Page's key lieutenants and the company's main liaison to Wall Street, is leaving the Internet search company, the latest high-ranking executive to depart. Nikesh Arora, who joined G

Published 19 Jul, 2014 12:00am

Google's business chief departs, revenue up

Google Inc's chief business officer, one of Chief Executive Officer Larry Page's key lieutenants and the company's main liaison to Wall Street, is leaving the Internet search company, the latest high-ranking executive to depart. Nikesh Arora, who joined G

Published 19 Jul, 2014 12:00am

Serbia passes labour, pension laws in reform drive

Serbia approved laws reducing job protection and raising the retirement age for women on Friday in the first steps of deep reforms to revive the seriously flawed economy, and fight high unemployment. Parliament is also set to debate privatisation and bank

Published 19 Jul, 2014 12:00am

Business leaders urge G20 reforms to boost global growth by $3.4 trillion

Business leaders in Australia Friday called on G20 leading economies to implement recommendations on structural reforms and free trade that could boost global growth by US $3.4 trillion and create millions of jobs. The business chiefs, who are in Sydney f

Published 19 Jul, 2014 12:00am

IMF chief says low inflation can hit European growth

IMF chief Christine Lagarde warned on Friday that low inflation could damage growth in Europe and urged the European Central Bank to maintain a flexible policy. The former French economy minister also urged caution over asset prices, which she said could

Published 19 Jul, 2014 12:00am

IMF chief says low inflation can hit European growth

IMF chief Christine Lagarde warned on Friday that low inflation could damage growth in Europe and urged the European Central Bank to maintain a flexible policy. The former French economy minister also urged caution over asset prices, which she said could

Published 19 Jul, 2014 12:00am

Turkish bank shaves rate, but resists Erdogan pressure

Turkey's central bank shaved half a percentage point from its key interest rate on Thursday, resisting vehement pressure from Prime Minister Recep Tayyip Erdogan for more aggressive easing ahead of presidential elections in August. But economists warned t

Published 19 Jul, 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 18	273.10

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

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

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

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