News Archives for Print - 2014-10-27

Aaj TV - Monday's schedule

All timings are in PST (Pakistan Standard Time).

Published 27 Oct, 2014 12:00am

Four shops gutted in timber market fire

Four shops were gutted while lumbar worth millions of rupees turned into ashes during an inferno at the Timber Market located in Liaquatabad here on Sunday, fire department officials told APP. The fire that apparently broke out due to short circuit in one

Published 27 Oct, 2014 12:00am

Promoting regional connectivity: AIIB to provide financing support to developing states in Asia: Dar

Minister for Finance Senator Mohammad Ishaq Dar has said that Asian Infrastructure Investment Bank (AIIB) would provide financing support to developing countries in Asia including Pakistan for infrastructure development to promote regional connectivity.

Published 27 Oct, 2014 12:00am

Warid Telecom to invest $470 million in next five years: CFO

Tariq Gulzar, Chief Financial Officer of Warid Telecom, is an accomplished professional with a diversified experience in leadership roles gained over the past 18 years in Asia, Africa, Europe and North America, in Finance, Corporate Strategy, Enterprise-w

Published 27 Oct, 2014 12:00am

Warid Telecom to invest $470 million in next five years: CFO

Tariq Gulzar, Chief Financial Officer of Warid Telecom, is an accomplished professional with a diversified experience in leadership roles gained over the past 18 years in Asia, Africa, Europe and North America, in Finance, Corporate Strategy, Enterprise-w

Published 27 Oct, 2014 12:00am

'Issues in debt management'

Apropos Dr Hafiz A Pasha's article "Issues in debt management" carried by the newspaper on Friday, the writer has brought under the spotlight a very important point or the main plank of the present government's economic strategy. According to him, "the go

Published 27 Oct, 2014 12:00am

No easy retirement in South Korea

Out of work and out of pocket, South Korean retirees are struggling to force their way back into an unwelcoming job market in an effort to supplement meagre or non-existent pensions. But President Park Geun-Hye's vision of a new "creative economy" seems t

Published 27 Oct, 2014 12:00am

The 2014 Tax Reforms Commission

Taxes are levied by public representatives to find resources for public good. For recovery of taxes, detailed systems of laws, rules and regulations are laid. Statutes are framed by representatives of the public. Laws framed contain details of the tax mac

Published 27 Oct, 2014 12:00am

Is anything going the PML-N way?

A visibly-relieved Prime Minister held a meeting with other parliamentary leaders on Wednesday after Tahirul Qadri's supporters finally departed from Constitution Avenue. Once again he did not get a vote of confidence with respect to his administration's

Published 27 Oct, 2014 12:00am

Pointless Pak-Iran border tension

Things took an ugly turn along the Pak-Iran border on Thursday night when a rocket fired by Iranian border guards hit an FC vehicle killing a junior officer and injuring four other personnel. According to a press report, these men were going to a place ne

Published 27 Oct, 2014 12:00am

Power tariff blues

A press release issued by the government revealed that Prime Minister Nawaz Sharif has not approved the new tariff determined by National Electric Power Regulatory Authority (Nepra) with the express objective of not burdening the consumers. Nepra had dete

Published 27 Oct, 2014 12:00am

Lebanon army pounds Islamists in second city

The Lebanese army on Sunday pounded Islamist militants holed up in Tripoli, and vowed to crush them, as gunmen near the coastal city killed four soldiers in an ambush. Tripoli, Lebanon's second biggest city, has seen repeated clashes between Sunni militan

Published 27 Oct, 2014 12:00am

US envoy visiting Ebola-hit Africa condemns world response

The US ambassador to the United Nations criticised the level of international support for nations hit by Ebola as she began a tour Sunday of west African nations at the epicentre of the deadly outbreak. Samantha Power said before arriving in Guinea that t

Published 27 Oct, 2014 12:00am

Iran frees leading human rights campaigner after short detention

Iranian security forces have released leading human rights advocate Nasrin Sotoudeh, who was detained after leading a protest against what she called unfair legal practices in the Islamic Republic, she said on Sunday.

Published 27 Oct, 2014 12:00am

Thirty adolescents abducted in north-east Nigeria

Around 30 adolescents - some of them girls aged as young as 11 - have been abducted in north-east Nigeria over the weekend by suspected Boko Haram rebels, a local village chief told reporters on Sunday. "The insurgents... grabbed young people, boys and gi

Published 27 Oct, 2014 12:00am

Cameroon army kills 39 Boko Haram fighters: defence ministry

Cameroonian troops killed 39 Boko Haram fighters in clashes with the Islamists, who were carrying out three raids on Cameroon's territory, the defence ministry said Sunday. Friday's fighting in the far north of Cameroon near Nigeria also claimed four civi

Published 27 Oct, 2014 12:00am

Haiti postpones legislative, municipal polls

Haiti's government announced Sunday it is postponing long delayed legislative and municipal elections, on the same day they were supposed to be held. The office of President Michel Martelly made the announcement postponing the vote, which is already three

Published 27 Oct, 2014 12:00am

Orbital cargo ship readies for Monday launch

Orbital Sciences Corporation's unmanned Cygnus cargo ship is preparing to launch to the International Space Station Monday, aiming to carry some 1,500 pounds (680 kilograms) of materials for space experiments.

Published 27 Oct, 2014 12:00am

Syria regime air strikes kill 13 children

Syrian government air strikes on two besieged, rebel-held areas of the central province of Homs killed at least 31 people, 13 of them children, a monitoring group said on Sunday. Sixteen members of the same family were among 24 people killed in raids late

Published 27 Oct, 2014 12:00am

Earth hit by double asteroids 458 million years ago

Some 458 million years ago, Earth was whacked in a double asteroid strike, leaving craters visible in Sweden today, space scientists reported on October 23. The event, they said, can be traced to "one of the largest cosmic catastrophes" in the history of

Published 27 Oct, 2014 12:00am

China installs buoys in Pacific Ocean: report

China has installed 17 sets of submerged buoys in "key marine areas" of the western Pacific ocean, state media said, a move that could exacerbate territorial tensions in the region. The mission carried out by the Chinese research vessel Kexue "marks the f

Published 27 Oct, 2014 12:00am

US, China can tip balance in climate quest: study

The United States and China, the biggest greenhouse gas polluters, could reduce by a quarter the envisaged 2020 shortfall in emissions cuts required to curtail global warming, researchers said on October 21. If they move swiftly to achieve deep cuts in en

Published 27 Oct, 2014 12:00am

Oldest DNA ever found sheds light on humans' global trek

Scientists said on October 22 they had unravelled the oldest DNA ever retrieved from a Homo sapiens bone, a feat that sheds light on modern humans' colonisation of the planet. A femur found by chance on the banks of a west Siberian river in 2008 is that o

Published 27 Oct, 2014 12:00am

Study shows exit screening vital to halting global Ebola spread

Three Ebola-infected travellers a month would be expected to get on international flights from the West African countries suffering epidemics of the deadly virus if there were no effective exit screening, scientists said on October 21.

Published 27 Oct, 2014 12:00am

Pollution in pregnancy linked to lung damage in child

Women exposed to high levels of traffic pollution during the second trimester of pregnancy are at higher risk of giving birth to a child with weak lungs, researchers said. In a long-term study, investigators in Barcelona enrolled 1,295 pregnant women who

Published 27 Oct, 2014 12:00am

Planet marks hottest September since 1880: US

Last month was the hottest September for globally averaged temperature over land and ocean surfaces since record-keeping began in 1880, the US government said. "It also marked the 38th consecutive September with a global temperature above the 20th century

Published 27 Oct, 2014 12:00am

Big strides made in fighting TB: WHO

The known tally of people with tuberculosis rose last year but overall "major progress" is being made in rolling back the disease, the World Health Organisation (WHO) said on October 22. "The 2015 Millennium Development Goal (MDG) of halting and reversing

Published 27 Oct, 2014 12:00am

New iPads aim at helping Apple regain tablet momentum

Apple, facing tough competition in the cooling tablet market, on Thursday unveiled a new line-up of iPads that feature its mobile payments system and include the fingerprint sensor unlock used on iPhones. Apple also said at an event at its Cupertino, Cali

Published 27 Oct, 2014 12:00am

Apple chief meets Chinese official amid iCloud hacking reports

Apple's chief executive met a Chinese leader on Wednesday amid reports that a hacking attack on Apple's iCloud file-storage application may have originated in China. Tim Cook "exchanged views on protection of users' information" with Chinese Vice Premier

Published 27 Oct, 2014 12:00am

Number of Web users exceeds 18 million

The number of Internet users in the Kingdom reached 18.3 million this year. Subsequently, there is an increased demand for Internet and broadband connection services (both mobile and home-based). Due to this, subscriptions for broadband services across mo

Published 27 Oct, 2014 12:00am

Keep eye on radiofrequency emissions when smartphones shopping

The jury is still out on whether the radiofrequency emissions given off by mobile phones are harmful. Nonetheless, it doesn't hurt to favour those that give off lower specific absorption rates (SAR) when shopping for one, reports German computer magazine

Published 27 Oct, 2014 12:00am

Samsung devices get top US security clearance

South Korean tech giant Samsung said Tuesday its smartphones and tablets have received a US government security clearance allowing officials to use them to send classified information. The Samsung devices were placed on a list of gadgets approved by the N

Published 27 Oct, 2014 12:00am

Munich Deutsches Museum, Google begin digital partnership

A new digital partnership between the Deutsches Museum of Munich and Google means those interested in the museum's holdings no longer have to make the journey all the way to southern Germany. The deal makes the museum's natural history and technology hold

Published 27 Oct, 2014 12:00am

Smartphones deals: Check used models before buying

When manufacturers release their new smartphones models, smart shoppers know its time to head out and try to snap up some freshly antiquated technology. Smartphones life cycles are getting ever shorter and what seemed like cutting edge technology can seem

Published 27 Oct, 2014 12:00am

From the archive to the internet: The forgotten faces of art

For a long time the historical photo collection of the German Art Archive was a hard-to-access treasure. The archive is the largest collection of primary documentation relating to German art and culture. It collects personal papers from painters, graphic

Published 27 Oct, 2014 12:00am

Twitter looks to weave into more mobile apps

Twitter on Wednesday set out to weave itself into mobile applications with a free "Fabric" platform to help developers build better programs and make more money.

Published 27 Oct, 2014 12:00am

Microsoft drops Nokia name from smartphones

Microsoft said Friday it was dropping the Nokia name from its Lumia smartphones, rebranding following the acquisition earlier this year of the Finnish group's handset division. The rebranding is "a natural progression as all devices that once came from No

Published 27 Oct, 2014 12:00am

Disable Wi-Fi when it's not being used

An active but unused Wi-Fi connection on a smartphones or tablet can be an invitation to hackers. Wi-Fi and Bluetooth should both be turned off when they're not immediately needed, advises the TUV, an agency that rates consumer products in Germany. With a

Published 27 Oct, 2014 12:00am

Bing search engine displays song lyrics

Microsoft's search engine Bing is making it easier to access song lyrics quickly. The new feature allows users to view half a million full song lyrics on the main search results page. All that's required is to type the song name and the word "lyrics" into

Published 27 Oct, 2014 12:00am

Get more battery life by using sleep mode

To get more life out of the battery of a notebook computer, users should choose the appropriate energy programme and also frequently use sleep mode. The Windows Control Panel offers many opportunities for power saving, according to German computer magazin

Published 27 Oct, 2014 12:00am

Secure your Dropbox account with two-step verification

Users of the online storage system Dropbox should use two-step verification to secure their account, advises the company in a blog post. That means requiring a security code to access the site, on top of a user name and password. The extra code can be inp

Published 27 Oct, 2014 12:00am

Nisar condoles death of Professor Ghulam Azam

In first official reaction to the death of Ameer Jamaat-i-Islami Bangladesh Professor Ghulam Azam, Interior Minister Chaudhry Nisar Ali Khan expressed his deep condolences and said he was among the few personalities who spent his entire life for the sprea

Published 27 Oct, 2014 12:00am

Pharmacists urged to educate patients about use of drugs

The perception that patients are only interested in buying low-cost medicines is wrong as they are also very much eager to learn the use of these medicines. Thus, providing drug education and information to the patients is the job of the pharmacists.

Published 27 Oct, 2014 12:00am

Over 5,000 security men to guard Muharram gatherings in capital

Islamabad Police has decided to ensure elaborate security arrangements on the eve of Muharram ul Haram and a total of 5000 security personnel will be deputed to guard various gatherings in the city.

Published 27 Oct, 2014 12:00am

Attempt on JUI-F chief's life: institutions asked to unearth forces behind attack

Jamiat Ulema-e-Islam-Fazl (JIU-F) chief Maulana Fazlur Rehman, who recently survived a suicide attack, on Sunday asked the state institutions to unearth forces that were after his life. "It was for the second time I have been targeted but the state and it

Published 27 Oct, 2014 12:00am

Iranian diesel recovered: FC arrests seven illegal Afghan immigrants

The Frontier Constabulary (FC) arrested seven illegal Afghan immigrants and recovered thousands of litres of smuggled Iranian diesel during separate actions on Sunday. FC spokesperson said that during checking at Baleli check post some five kilometres awa

Published 27 Oct, 2014 12:00am

19th day of post-Hajj operation: PIA brings back over 38,000 Hajjis

PIA has brought back more than 38,000 Hajjis from Jeddah to Pakistan through Post Hajj and Regular scheduled flights till Sunday, the 19th day of airline's Post Hajj Operation.

Published 27 Oct, 2014 12:00am

KP chief minister orders revamping, restructuring of information department

KP Chief Minister Pervez Khattak while underlining the important role of Information & Public Relations department in the modern age of IT has asked for revamping and restructuring of the department in order to make it more effective according to the cont

Published 27 Oct, 2014 12:00am

Bill to ensure provision of medical aid to injured persons tabled in KP Assembly

Khyber Pakhtunkhwa government has tabled a bill called "The Khyber Pakhtunkhwa Injured Persons and Emergency (Medical Aid) Bill 2014" in its provincial assembly to provide medical aid and treatment to injured persons in the province to save their lives an

Published 27 Oct, 2014 12:00am

AIOU reschedules exams

Allama Iqbal Open University (AIOU) has rescheduled its exams of PTC, CT and B.Ed programs for the Semester Spring, 2014 to be held on Saturday 8th November, 2014 at examination center No.449, 450, 451, 452 and 459 (Abbottabad city). These exams were earl

Published 27 Oct, 2014 12:00am

Muharram processions: Moosavi demands deployment of army, rangers at sensitive places

Tehreek-i-Nifaz-e-Fiqah-e-Jafriya chief Agha Syed Hamid Ali Moosavi has issued a 19-point code of conduct for taking out processions during Muharram ul Haram and said any attempt to interfere in taking out the processions in line with 1985 agreement would

Published 27 Oct, 2014 12:00am

Zarb-e-Azb launched on PPP's pressure, claims Bilawal

Pakistan People's Party (PPP) Chairman Bilawal Bhutto Zardari has claimed that the ongoing military operation Zarb-e-Azb against militants in North Waziristan was launched on the political pressure of his party.

Published 27 Oct, 2014 12:00am

Yaum-e-Shahadat of Hazrat Umar (RA) observed

Yaum-e-Shahadat (the day of martyrdom) of Islam's second Caliph Hazrat Umar Farooq (Radi Allahu Ta'ala Anhu) was observed with religious fervour in the provincial capital and other cities of Punjab on Sunday. Various religious and literary bodies organize

Published 27 Oct, 2014 12:00am

Honours even as United leave it late against Chelsea

Robin van Persie's goal deep into stoppage-time snatched a 1-1 draw for Manchester United against Premier League leaders Chelsea at Old Trafford on Sunday. Chelsea were on the brink of going six points clear at the top of the table when defender Branislav

Published 27 Oct, 2014 12:00am

Bangladesh take slender lead over Zimbabwe

Mushfiqur Rahim, Mohammad Mahmudullah and Mominul Haque scored half-centuries as Bangladesh gained a slender 14-run lead over Zimbabwe in the first Test in Dhaka on Sunday. The hosts, replying to Zimbabwe's first innings total of 240, were dismissed for 2

Published 27 Oct, 2014 12:00am

Wolves down Mainz to go second in Bundesliga

VfL Wolfsburg went provisionally second in the Bundesliga as they inflicted Mainz's first defeat of the season with a 3-0 win on Sunday. Goals by Naldo, Ivan Perisic and Daniel Caliguri gave the hosts the three points and second spot on goal difference fr

Published 27 Oct, 2014 12:00am

Kiptoo leads Kenyan cleansweep in Frankfurt Marathon

Mark Kiptoo put behind him his second placed finish in 2013 by winning the Frankfurt Marathon on Sunday and in the process leading a Kenyan cleansweep of the podium places in the men's race. The 38-year-old, who won 5000m bronze at the 2010 Commonwealth G

Published 27 Oct, 2014 12:00am

Federer crushes Goffin for sixth Basel title

Roger Federer outclassed David Goffin in the Swiss Indoors final on Sunday, winning 6-2, 6-2 to claim a third ATP title from his last four events. Federer spent 51 minutes in pleasing his hometown crowd, setting up two match points with a fifth ace and ef

Published 27 Oct, 2014 12:00am

Revenge win leaves Serena on top of the world

Serena Williams ended the season on top of the world once again Sunday as she hammered Simona Halep 6-3, 6-0 to seal a WTA Finals hat-trick and avenge her crushing loss to the Romanian. Four days after her embarrassing 6-2, 6-0 defeat to Halep, Williams s

Published 27 Oct, 2014 12:00am

Ogier takes his second world title

France's Sebastien Ogier took his second successive world rally championship title for Volkswagen on Sunday after winning the Rally of Spain. Ogier, who had led for most of the four-day event, beat Finnish team mate Jari-Matti Latvala by 11.3 seconds to r

Published 27 Oct, 2014 12:00am

Marquez clinches record 12th win in Malaysia

Recently crowned world champion Marc Marquez broke another record by romping to his 12th win of the season in an eventful Malaysian Grand Prix on Sunday. The Spanish Honda rider was followed by Yamaha team-mates Valentino Rossi and Jorge Lorenzo, while hi

Published 27 Oct, 2014 12:00am

Pakistan humiliate Australia in first Test

Zulfiqar Babar took a maiden five-wicket haul and fellow leg-spinner Yasir Shah took four as Pakistan humiliated Australia by 221 runs in the first Test in Dubai on Sunday. Babar finished with 5-74 in only his third Test, while debutant Shah took 4-50 to

Published 27 Oct, 2014 12:00am

Babar, Shah star in Pakistan's win over Australia

Zulfiqar Babar took a maiden five-wicket haul and fellow leg-spinner Yasir Shah took four as Pakistan humiliated Australia by 221 runs in the first Test in Dubai on Sunday. Babar finished with 5-74 in only his third Test, while debutant Shah took 4-50 to

Published 27 Oct, 2014 12:00am

Babar, Shah star in Pakistan's win over Australia

Zulfiqar Babar took a maiden five-wicket haul and fellow leg-spinner Yasir Shah took four as Pakistan humiliated Australia by 221 runs in the first Test in Dubai on Sunday. Babar finished with 5-74 in only his third Test, while debutant Shah took 4-50 to

Published 27 Oct, 2014 12:00am

Saudi petrochem giant SABIC net profit falls

Saudi petrochemicals giant SABIC reported Sunday a 4.48 percent fall in profits for the third quarter of 2014, while its chief forecast that oil prices will recover over the long-term. SABIC, the largest publicly traded firm in the Gulf, said net profit f

Published 27 Oct, 2014 12:00am

Libor

Deutsche Bank litigation costs 1.4bn euros in first 9 months

Deutsche Bank incurred fines and litigation costs of 1.363 billion euros ($1.73 bln) from January to September 2014, data released by the ECB showed on Sunday. Germany's flagship lender had said on Friday said it expected to publish litigation costs of 89

Published 27 Oct, 2014 12:00am

As oil price slides, Gulf's private business may benefit

Kuwait's privately owned Jazeera Airways is preparing to bid for a big stake in state-run flag carrier Kuwait Airways, Jazeera's chairman told Reuters. If the deal goes through, it will be a sign that the business scene is changing in the Gulf.

Published 27 Oct, 2014 12:00am

Developer Vanke's margins shrink

China's largest residential property developer, China Vanke Co Ltd, posted a 2.8 percent rise in third-quarter net profit yet margins shrank in a sign of the country's slowing property sector and economy. Chinese developers are battling excess supply, tig

Published 27 Oct, 2014 12:00am

Raise interest rates now, says BoE policymaker

The Bank of England should begin raising interest rates now, because spare capacity in Britain's fast-recovering economy could be used up by the middle of next year, adding to inflation pressures, a Bank policymaker said in a Sunday newspaper. Ian McCaffe

Published 27 Oct, 2014 12:00am

Britain looking at curbing migrant workers from EU

Limiting the number of European Union citizens who are allowed to work in Britain is among proposals to curb immigration being looked at by the government, Defence Minister Michael Fallon said on Sunday. Fallon, whose governing Conservatives are coming un

Published 27 Oct, 2014 12:00am

Renzi meets workers from loss-making steel plant

Italian Prime Minister Matteo Renzi on Sunday met workers from German industrial group ThyssenKrupp's Italian stainless steel plant, where 550 jobs are due to be cut. A day earlier an estimated one million people attended a rally in Rome to protest agains

Published 27 Oct, 2014 12:00am

Vodafone Egypt negotiating $560 million credit line

Vodafone Egypt, the country's largest mobile carrier, said on Sunday it was negotiating a 4 billion Egyptian pound ($560 million) credit line with a consortium of seven banks. "The company is currently in the process of completion of the signing of a cred

Published 27 Oct, 2014 12:00am

Kuwait fiscal reserves at $548 billion

The oil-rich Gulf state of Kuwait had accumulated reserves of $548 billion as of June 30 after continued growth in the first six months of 2014, a local daily reported Sunday. The reserves are invested in two state funds, the State Reserve Fund with $149

Published 27 Oct, 2014 12:00am

Sisi gives go ahead for grain storage logistic hub

Egyptian President Abdel Fattah al-Sisi has given the go ahead for a "global logistics hub" for grain storage, one of several efforts the government is pursuing to boost efficiency in the sector and lower imports. The world's largest wheat importer is loo

Published 27 Oct, 2014 12:00am

Sisi gives go ahead for grain storage logistic hub

Egyptian President Abdel Fattah al-Sisi has given the go ahead for a "global logistics hub" for grain storage, one of several efforts the government is pursuing to boost efficiency in the sector and lower imports. The world's largest wheat importer is loo

Published 27 Oct, 2014 12:00am

Saudi Electricity net profit drops

Saudi Electricity Co (SEC), the Gulf's largest utility firm, posted a 6.5 percent drop in third-quarter net profit on Sunday. It made 2.67 billion riyals during the three months to Sept. 30, compared to 2.85 billion riyals during the same period of the pr

Published 27 Oct, 2014 12:00am

Saudi Electricity net profit drops

Saudi Electricity Co (SEC), the Gulf's largest utility firm, posted a 6.5 percent drop in third-quarter net profit on Sunday. It made 2.67 billion riyals during the three months to Sept. 30, compared to 2.85 billion riyals during the same period of the pr

Published 27 Oct, 2014 12:00am

Cyprus says bank results could expedite end of capital controls

Results of stress tests on Cyprus's banking sector have shown a re-establishment of stability in the banking sector, and could expedite the complete lifting of capital controls, Finance Minister Harris Georgiades said.

Published 27 Oct, 2014 12:00am

ECB's Constancio says sees slight pick-up in loan demand

European Central Bank Vice President Vitor Constancio sees a slight pick-up in demand for credit in the euro zone, he said on Sunday, counting on the ECB's landmark review of top euro zone banks and the recent stimulus steps to turn the economy around. Fo

Published 27 Oct, 2014 12:00am

IBM struggles to reinvent itself

When IBM Corp CEO Ginni Rometty was asked recently for her tips on how to transform companies, she spoke of "relentless reinvention" and not protecting the past. Applying those precepts to IBM is proving particularly tricky as many of the company's old-li

Published 27 Oct, 2014 12:00am

Electrolux profit soars 42 percent

Swedish electrical appliance maker Electrolux reported its third-quarter net profit soared 42 percent to 933 million krona (102 million euros, $130 million) thanks to a cost-cutting programme started at the end of last year. Sales over the quarter increas

Published 27 Oct, 2014 12:00am

OMV posts higher third quarter output

Austrian oil and gas group OMV raised production by 5 percent in the third quarter from the second as progress in Libya and Norway offset lower volumes in Austria and Romania. OMV said on October 20 production was 311,000 barrels of oil equivalent per day

Published 27 Oct, 2014 12:00am

Philips blames Russia, China for third quarter loss

Dutch electronics giant Philips on October 20 posted a 103-million-euro ($131 million) net loss on third-quarter earnings, blaming a patent lawsuit and ever-slowing markets in China and Russia. "We are not satisfied with our overall performance for the th

Published 27 Oct, 2014 12:00am

Philips blames Russia, China for third quarter loss

Dutch electronics giant Philips on October 20 posted a 103-million-euro ($131 million) net loss on third-quarter earnings, blaming a patent lawsuit and ever-slowing markets in China and Russia. "We are not satisfied with our overall performance for the th

Published 27 Oct, 2014 12:00am

SAP cuts outlook despite profit rise in third quarter

SAP, the German software giant, said on October 20 it was trimming its profit forecast for the whole of 2014, despite a strong rise in revenues and profits in the third quarter. SAP said in a statement it expects full-year operating profit to be in a rang

Published 27 Oct, 2014 12:00am

SAP cuts outlook despite profit rise in third quarter

SAP, the German software giant, said on October 20 it was trimming its profit forecast for the whole of 2014, despite a strong rise in revenues and profits in the third quarter. SAP said in a statement it expects full-year operating profit to be in a rang

Published 27 Oct, 2014 12:00am

InterContinental posts rising revenues

InterContinental Hotels Group on October 22 booked rising quarterly revenues per room, buoyed by the United States, and expressed optimism over the annual outlook. Global revenue per available room (RevPAR) - a key industry measure - rose by 7.0 percent i

Published 27 Oct, 2014 12:00am

Mitsui Sumitomo to continue investing in risk assets

Mitsui Sumitomo Insurance Co Ltd plans to continue investing in risk assets such as foreign stocks and bonds next financial year as its capacity for taking on risk has risen, a senior company executive said on October 22. The core company of MS&AD Insuran

Published 27 Oct, 2014 12:00am

Mitsui Sumitomo to continue investing in risk assets

Mitsui Sumitomo Insurance Co Ltd plans to continue investing in risk assets such as foreign stocks and bonds next financial year as its capacity for taking on risk has risen, a senior company executive said on October 22. The core company of MS&AD Insuran

Published 27 Oct, 2014 12:00am

Lloyds plans to cut 9,000 jobs

Lloyds Banking Group will announce this week plans to cut 9,000 jobs over the next three years, sources familiar with the matter told Reuters on October 22. The cuts amount to about 10 percent of Lloyds' workforce and will be announced as part of Chief Ex

Published 27 Oct, 2014 12:00am

Lloyds plans to cut 9,000 jobs

Lloyds Banking Group will announce this week plans to cut 9,000 jobs over the next three years, sources familiar with the matter told Reuters on October 22. The cuts amount to about 10 percent of Lloyds' workforce and will be announced as part of Chief Ex

Published 27 Oct, 2014 12:00am

US billionaire's hedge fund dumps Sony stake

US billionaire Daniel Loeb who last year tried to push Sony to spin off a key part of its business, has sold his shares in the struggling firm saying "more urgency will be necessary" to get it back on track. Loeb's Third Point hedge fund failed to persuad

Published 27 Oct, 2014 12:00am

US billionaire's hedge fund dumps Sony stake

US billionaire Daniel Loeb who last year tried to push Sony to spin off a key part of its business, has sold his shares in the struggling firm saying "more urgency will be necessary" to get it back on track. Loeb's Third Point hedge fund failed to persuad

Published 27 Oct, 2014 12:00am

Manufacturing moving from China to US: survey

Large manufacturers are increasingly moving production back to the United States from China, according to a new report by The Boston Consulting Group released on October 23. In the third annual survey of US-based senior executives at manufacturing compani

Published 27 Oct, 2014 12:00am

TPO seeks London listing to fund US expansion

The People's Operator (TPO), a mobile phone company that donates 10 percent of each user's bill to charity, is planning to list its shares in London to raise funds for expansion into the United States, a source familiar with the deal said. The London-base

Published 27 Oct, 2014 12:00am

Argentine foreign currency crunch delays import payments

Argentina's foreign currency shortage on Tuesday hit the country's import sector, which asked the government for $5.5 billion for the purchase of industrial supplies. Miguel Ponce, who heads the Argentine Chamber of Importers, said about half the supplies

Published 27 Oct, 2014 12:00am

Bond funds stock up on Treasuries in prep for market shock

US corporate bond funds this year are adding Treasuries to their holdings at more than twice the rate of corporate debt amid concern that the struggling European economy and potential changes in Federal Reserve policy will drag down profits at US corporat

Published 27 Oct, 2014 12:00am

Bond funds stock up on Treasuries in prep for market shock

US corporate bond funds this year are adding Treasuries to their holdings at more than twice the rate of corporate debt amid concern that the struggling European economy and potential changes in Federal Reserve policy will drag down profits at US corporat

Published 27 Oct, 2014 12:00am

Investors look to stock exchanges to tap into African growth

Facing subdued growth at home, a growing number of Western investors are now looking to Africa's "frontier markets" for high returns and hoping the continent's budding exchanges can help them tap in. The IMF predicts sub-Saharan Africa's economy will expa

Published 27 Oct, 2014 12:00am

Most Middle East markets recover further

Most stock markets in the Middle East rose on Sunday as quarterly earnings reports remained generally positive and the global background was supportive. US stocks were up on Friday after strong results from Microsoft and Procter & Gamble. Brent oil prices

Published 27 Oct, 2014 12:00am

Currency	Rate
USD PKR Interbank Selling / May 3	278.23
USD PKR Interbank Buying / May 3	278.03
USD to Japanese Yen / May 3	153.05
USD to Swiss Franc / May 3	0.91
Pound Sterling to USD / May 3	1.25
Euro to USD / May 3	1.08

Stock	Volume
S&P 500 / May 3	5127.79
India Sensex / May 3	73878.15
Tokyo Nikkei / May 3	38236.07
Nasdaq / May 3	16156.33
Hang Seng / May 3	18475.92
FTSE 100 / May 3	8213.49
Dow Jones / May 3	38675.68
Germany DAX 30 / May 3	18001.60

Item	Value
Crude Oil USD/Barrel / May 3	78.11
Karachi Cotton PKR/37.32 KG / May 3	20535
Gold 10 Grams PKR / May 3	205418
Gold Spot USD/Ounce / May 3	2301.74
Cotton US¢/pound / May 3	78.06
Petrol/Litre / May 6	288.49

Stock	Price
786 Invest Ltd / May 6 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 6 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 6 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 6 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 6 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 6 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 6 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 6 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 6 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 6 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 6 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 6 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 6 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 6 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 6 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 6 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 6 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 6 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 6 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 6 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 6 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 6 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 6 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 6 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 6 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 6 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 6 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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