News Archives for Print - 2014-12-29

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Print - 2014-12-29

The Weather

The weather report on Sunday (December 28, 2014) and the forecast for Monday (December 29, 2014).

Published 29 Dec, 2014 12:00am

Returns on Profit and Loss Sharing Investment Bank Accounts (January to June 2014)

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

Published 29 Dec, 2014 12:00am

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (December 22 to 26, 2014).

Published 29 Dec, 2014 12:00am

Aaj TV - Monday's schedule

All timings are in PST (Pakistan Standard Time).

Published 29 Dec, 2014 12:00am

KP chief minister for reviewing policies regarding Afghan refugees

Khyber Pakhtunkhwa Chief Minister Pervez Khattak has said that it is the need of hour to review policies regarding Afghan refugees and foreign affairs to ensure protection and security in the country. In wake of Peshawar tragedy, deployment of sufficient

Published 29 Dec, 2014 12:00am

Rashid greets new office-bearers of NPC & KPC

Federal Minister for Information, Broadcasting and National Heritage Senator Pervaiz Rashid on Sunday congratulated Shahryar Khan and Fazil Jamili, newly- elected presidents of National Press Club Islamabad and Karachi Press Club, respectively. In his mes

Published 29 Dec, 2014 12:00am

Key TTP commander held

A key commander of Tehreek-e-Taliban Pakistan (TTP) was detained by security forces in Wazir Dand area of Khyber Agency on Sunday. According to official sources, the security forces and Khasadar force on a tip-off raided a suspected house in Wazir Dand an

Published 29 Dec, 2014 12:00am

Chartered Accountants can help improve financial literacy: President ICAP

Yacoob Suttar, the serving President of the Institute of Chartered Accountants of Pakistan has never worked as an auditor. Instead, after getting his membership from the Institute of Chartered Accountants of Pakistan (ICAP) in 1985, he went on to work for

Published 29 Dec, 2014 12:00am

Chartered Accountants can help improve financial literacy: President ICAP

Published 29 Dec, 2014 12:00am

BoP acquisition of core banking system

The Bank of Punjab (BoP) published a Request for Proposal (RFP) under Punjab Procurement Regulatory Authority (PPRA) Rules in March 2014. After a transparent bidding process in which local vendors representing the two top most Core Banking Systems in the

Published 29 Dec, 2014 12:00am

But what if they don't want to see

Recently, urged on by a particular reference while indulging in a favourite pastime, reading, searched and downloaded from the internet, a paper by Fredric Bastiat, apparently written in 1850 and titled, "That Which is Seen, and That Which is Not Seen". W

Published 29 Dec, 2014 12:00am

Franco-German experience

The French government has given no formal authorisation to Electricite de France (EDF) to explore civil nuclear projects in Pakistan, so stated Francois Pupponi, French parliamentarian and chair of France-Pakistan Friendship group as Philippe Nauche, Chai

Published 29 Dec, 2014 12:00am

The IMF targets

The IMF has just released the report on the fourth and fifth review of the EFF with Pakistan. This review also contains projections of the economic outcome in 2014-15. As demonstrated below, the projections are optimistic in nature and do not adequately r

Published 29 Dec, 2014 12:00am

BJP targeting Article 370

The four-phase state assembly election in the Indian-held Kashmir has thrown up a hung house, setting off once again the game of musical chairs for the chief ministership. None of the contesting parties had expected an absolute majority in the 87-seast ch

Published 29 Dec, 2014 12:00am

C/A deficit challenge

According to the latest data released by the State Bank on 23rd December, 2014, current account (C/A) balance of the country posted a deficit of dollar 2.345 billion during July-November, 2014 which was higher by dollar 200 million or 9.0 percent than dol

Published 29 Dec, 2014 12:00am

Islamic State executed nearly 2,000 people in six months

The Islamic State militant group has killed 1,878 people in Syria during the past six months, the majority of them civilians, a British-based Syrian monitoring organisation said on Sunday. Islamic State also killed 120 of its own members, most of them for

Published 29 Dec, 2014 12:00am

Libya fighting destroys two days oil supply

A fire caused by fighting at one of Libya's main export terminals has destroyed more than two days of the country's oil production, officials said on Sunday, as clashes escalated between factions battling for control of the OPEC member nation.

Published 29 Dec, 2014 12:00am

Floods in Malaysia and Thailand kill at least 24

The worst flooding in Malaysia in more than a decade has killed 10 people and forced nearly 160,000 from their homes and more rain is expected, authorities said on Sunday. Among the casualties, five were in the worst-hit state of Kelantan, in north-easter

Published 29 Dec, 2014 12:00am

Iranian general killed by sniper bullet in Iraq

A sniper killed an Iranian Revolutionary Guards commander who was training Iraqi troops and Shia militia fighting Islamic State (IS) militants in the Iraqi city of Samarra, official Iranian media reported on Sunday.

Published 29 Dec, 2014 12:00am

Football hero George Weah in landslide Liberian Senate win

Liberian opposition politician and former football star George Weah won a landslide victory in Senate elections in Ebola-ravaged Liberia, official results showed Sunday. Weah - who in 1995 became the first and only African yet to win the Ballon d'Or as Eu

Published 29 Dec, 2014 12:00am

Hamas bars Gaza war orphans from Israel trip

Hamas on Sunday prevented dozens of children orphaned during its 50-day war with Israel from entering Israeli territory in a pre-arranged trip, organisers and officials said. The week-long visit was planned for 37 children whose parents were killed by Isr

Published 29 Dec, 2014 12:00am

Russian magazine editor faces 15 days in jail

The editor-in-chief of Russia's top opposition magazine, The New Times, has been accused of disobeying traffic police and faces up to 15 days in jail amid ever-shrinking tolerance for dissent. Writing on Twitter, Yevgenia Albats said a court would hear he

Published 29 Dec, 2014 12:00am

Hong Kong confirms first case of deadly bird flu this winter

A woman is critically ill in Hong Kong with the deadly H7N9 strain of bird flu, the first confirmed case in the city this winter, the Hong Kong government said. The woman, 68, was admitted to hospital on Thursday after falling ill on December 19, the Hong

Published 29 Dec, 2014 12:00am

In US-Cuba prisoner swap, mystery surrounds the unnamed 53

Cuba's most prominent dissidents say they have been kept in the dark by US officials over a list of 53 political prisoners who will be released from jail as part of a deal to end decades of hostility between the United States and Cuba. For years, dissiden

Published 29 Dec, 2014 12:00am

Libor

Croatian president, rival head for run-off after tight contest

Croatia's President Ivo Josipovic and his conservative rival on Sunday headed for a January run-off following a tight first round vote in a country battling a severe economic crisis. Centre-left incumbent Josipovic and his main challenger Kolinda Grabar-K

Published 29 Dec, 2014 12:00am

KP CM directs probe into Timergara accident

KP Chief Minister Pervez Khattak has taken notice of the Timergara accident and directed district administration for conducting complete investigation for identifying the causes, responsible officials or organisations of the accident and presenting of rep

Published 29 Dec, 2014 12:00am

PPP accepted military courts due to serious security situation: Khurshid

Leader of the Opposition in National Assembly Syed Khurshid Shah has said that Pakistan Peoples Party (PPP) though don't favour formation of military courts in country during rule of the democratic government but it accepted the decision in larger interes

Published 29 Dec, 2014 12:00am

Improved Pak-Afghan relationship key to fight against Taliban: Aziz

Pakistan says its anti-terrorism campaign is focused on all militant outfits operating in the country, without distinguishing between "good" and "bad" Taliban. Adviser on national security and foreign policy, Sartaj Aziz, in an interview tells VOA the pol

Published 29 Dec, 2014 12:00am

Interviews for admission to MPhil today

The interviews of MPhil for admissions to six various disciplines at Area Study Centre (ASC) of Sindh University Jamshoro will be held on Monday (today) at about 9.30 am in the centre. According to Director of the centre Prof Dr Hamadullah Kakepoto, all t

Published 29 Dec, 2014 12:00am

Vice Chancellor pledges to make SU distinguished institution in region

Vice Chancellor Prof Dr Imdad Ali Ismaili said on Sunday efforts were being made to make the Sindh University (SU) a distinguished institution in the region recognised for its global perspective and diverse and supportive learning environment, besides hav

Published 29 Dec, 2014 12:00am

Cases of civil servants: LHC directs authorities to ensure promotions forthwith

Besides restraining the Central Selection Board (CSB) from carrying out the reassessment of promotion recommendations of civil servants in BS-20, the Lahore High Court (LHC) has directed the authority concerned to ensure the promotion of officers forthwit

Published 29 Dec, 2014 12:00am

Rangers post to be set up in vicinity of DHA City

DHA's City Karachi's steering committee meeting, chaired by DHA Administrator, Brigadier Zubair Ahmed, has decided to establish a Rangers Post in the vicinity of DHA City for better security arrangements. The meeting held on Sunday reviewed the developmen

Published 29 Dec, 2014 12:00am

FPCCI polls today

Annual elections of Federation of Pakistan Chambers of Commerce and Industry (FPCCI) for the year 2015 will be held today (December 29). Polling will be held from 10am to 5pm. There will be election for the posts of FPCCI president, senior vice presidents

Published 29 Dec, 2014 12:00am

Police kill two militants of banned outfit

Two alleged militants associated with a banned outfit were killed in a police encounter while in another incident two police constables were killed by unidentified armed men in the city, here on Sunday. According to police and rescue sources, two policeme

Published 29 Dec, 2014 12:00am

UoP extends winter vacations for three days

The University of Peshawar (UoP) and its affiliated institutions on Sunday extended the winter vacations for further three days according to revise scheduled the universities will be reopened on January 01, instead of December 29. According to spokesman o

Published 29 Dec, 2014 12:00am

B.Com exams begin today

Over 50,000 candidates will appear in the B Com (Regular) annual examinations beginning today, Karachi University's controller of examinations announced on Sunday. He said 32 examination centres for B Com Part-1 and Part-11, respectively, have been set up

Published 29 Dec, 2014 12:00am

Transporters seek across the board cut in fares

The Karachi Transport Action Committee (KTAC) on Sunday called upon the authorities concerned to ensure across the board reduction in transport fares.

Published 29 Dec, 2014 12:00am

Karachi Timber Market inferno: JI demands judicial inquiry

Jamaat-i-Islami (JI) leaders on Sunday visited the arson affected Timber Market and reviewed the estimated loss occurred by the fire. On the occasion, the JI leaders also met with the residents of Timber Market and ensure full assistance on behalf of the

Published 29 Dec, 2014 12:00am

Two thirds of US women get wrong radiation for breast cancer: study

Two thirds of women diagnosed with early stage breast cancer in the United States get radiation for twice as long as recommended, researchers said the other day. The findings in the Journal of the American Medical Association (JAMA) showed that most women

Published 29 Dec, 2014 12:00am

Pet reptiles pose risk to infants

Owning exotic reptiles such as snakes, chameleons, iguanas and geckos could place infants at risk of salmonella infection, according to a British study published on Monday. Researchers in the south-western English county of Cornwall found that out of 175

Published 29 Dec, 2014 12:00am

'India's birth rate shrinks'

India's birth rate declined dramatically in the last two decades due in part to rising female literacy, a new study shows, but experts warned against complacency in the country of 1.2 billion. The Total Fertility Rate-the number of children the average wo

Published 29 Dec, 2014 12:00am

Fish eye sheds light on colour vision

A fish eye from a primitive time when Earth was but one single continent has yielded evidence of colour vision dating back at least 300 million years, researchers said on December 23. Analysing the fossilised remains of a fish from the "spiny shark" famil

Published 29 Dec, 2014 12:00am

Spike seen in methane on Mars, but source unknown

Methane, a gas that on Earth comes mainly from living organisms, has been measured for the first time making a sudden spike on Mars, leaving scientists puzzled about its origin. The latest findings from NASA's Curiosity rover, which has been exploring the

Published 29 Dec, 2014 12:00am

Genes linked to developmental disorders

British scientists said on December 24 they had discovered 12 genes linked to developmental disorders in children that can cause heart defects, seizures and intellectual disability. The genes were found in a trawl of the genomes of 1,133 children with sev

Published 29 Dec, 2014 12:00am

November global temps dip, earth still nears heat record

The Earth is still on track for a record-breaking year for heat even though the average global temperature last month dipped to the seventh warmest since 1880, US government scientists said on December 15.

Published 29 Dec, 2014 12:00am

Cambodian doctor charged over mass HIV infection

An unlicensed Cambodian doctor was charged on December 22 over an apparent mass HIV infection in a remote village after admitting he reused needles when treating patients, officials said. Hundreds of panicked residents of Roka village in the western provi

Published 29 Dec, 2014 12:00am

IMF policies criticised over Ebola outbreak

International Monetary Fund (IMF) policies left healthcare systems in the African countries worst affected by Ebola under-funded and lacking doctors, and hampered a co-ordinated response to the outbreak, researchers said on December 22. Links between the

Published 29 Dec, 2014 12:00am

After Ebola, UN must prepare for next deadly outbreak: Ban

The United Nations must learn lessons from the Ebola crisis and begin preparing now for the next outbreak of deadly disease, Secretary General Ban Ki-moon said Monday. Returning from a visit to Ebola-hit countries, Ban also called for recovery efforts to

Published 29 Dec, 2014 12:00am

Help from afar: remote desktop can help sideline computer problems

It's an increasingly common scenario: Grandpa is having trouble with his computer, but the granddaughter to whom he regularly turns for help lives a couple of hundred kilometres away. They could try to discuss the problem by phone, but that often leads to

Published 29 Dec, 2014 12:00am

Amazon.com offers one-hour delivery in Manhattan

Internet retail titan Amazon.com on Thursday began offering to have online purchases in some New York buyers' hands within an hour for a $7.99 delivery charge. The new speedy delivery option was available to people in some parts of Manhattan who subscribe

Published 29 Dec, 2014 12:00am

Google and Microsoft stand with Sony against hackers

Google and Microsoft joined forces with Sony on Wednesday, using their online might to release "The Interview" film to online audiences despite threats from hackers. "Of course it was tempting to hope that something else would happen to ensure this movie

Published 29 Dec, 2014 12:00am

Huawei's smartphone sales shoot up

China's Huawei Technologies Co Ltd has taken sales of its low-price Honour brand of smartphones to 20 million from 1 million in just one year, hitting pay dirt with the disruptive online-only strategy it copied from smaller upstart Xiaomi Inc. Given the e

Published 29 Dec, 2014 12:00am

Indonesian capital bets on web drive to lift fortunes

The Indonesian capital - a chaotic metropolis with shaky Internet access - is hoping to turn its fortunes around with an ambitious online platform that allows residents to report problems, from crime to traffic jams, with their smartphones. A concrete jun

Published 29 Dec, 2014 12:00am

Facebook teams with NFL to score with online video

Facebook said Thursday it had teamed with the National Football League to show ad-sponsored video clips at the leading social network. The move comes as Facebook tries to tackle a multi-billion-dollar television advertising realm seen as ripe for disrupti

Published 29 Dec, 2014 12:00am

Refillable cartridges option to save money on printing

The thing with printers is that they are usually not too expensive. The real costs come with the never-ending need to buy new ink cartridges. But there are some models and tactics that allow consumers to save some money.

Published 29 Dec, 2014 12:00am

Google self-driving car prototype ready to try road

Google on Monday announced that the first completed prototype of its self-driving car is ready to be road tested. "We're going to be spending the holidays zipping around our test track, and we hope to see you on the streets of Northern California in the n

Published 29 Dec, 2014 12:00am

Apple pushes first ever automated security update to Mac users

Apple Inc has pushed out its first-ever automated security update to Macintosh computers to help defend against newly identified bugs that security researchers have warned could enable hackers to gain remote control of machines. The company pushed out the

Published 29 Dec, 2014 12:00am

Image wobble tells researchers who was behind the camera

It's possible to identify the person who took a picture or a video just by analysing the wobble of the image. Researchers at Jerusalem's Hebrew University made the discovery, German website Heise Online reports.

Published 29 Dec, 2014 12:00am

Keep your computer from going to sleep: free programme helps

It's generally a good thing for a computer to go into sleep mode if it's not used for a certain amount of time, because you reduce energy use and fan wear. But sometimes, powering down will mar vital operations like virus scans, downloads or data backups.

Published 29 Dec, 2014 12:00am

New India airline to begin flights as rival seeks to stay aloft

India's newest airline announced on December 22 it will start flying next month and declared it was "enthusiastic" about the future, as shares of troubled rival SpiceJet rocketed on reports of a rescue. The new carrier, called Vistara - a Sanskrit word me

Published 29 Dec, 2014 12:00am

After seven years, Spain tiptoes back into house-building

On a street in central Madrid, Juan Jose Perucho points to where he is going to build one of the capital's tallest residential blocks after buying a site bigger than five football pitches from the state-owned metro network. "We've sold faster than ever be

Published 29 Dec, 2014 12:00am

Chinese companies will mostly stay at home in 2015

Chinese companies are always said to be planning a big overseas push. So far, the expected surge in cross-border acquisitions by mainland corporations has largely failed to materialise. In 2015, most will once again decide that overseas growth can wait.

Published 29 Dec, 2014 12:00am

France's Accor eyes earnings boost from China deal

French hotel operator Accor said on Monday its strategic alliance with China Lodging Group will boost earnings after the first year and help quicken its expansion in the fast-growing Chinese domestic travel and hospitality market.

Published 29 Dec, 2014 12:00am

Asian business sentiment rebounds in fourth quarter

Business sentiment among Asia's top companies rebounded in the fourth quarter to the second-highest level in almost three years, a Thomson Reuters/INSEAD survey showed, helped by a stronger US economy and a plunge in oil prices. The result was only slight

Published 29 Dec, 2014 12:00am

Insurance companies still the darlings of the financial world

Higher capital requirements and the inclusion of more aggressive features on subordinated debt instruments are unlikely to be a major hurdle for insurance companies, which continue to be among investors' favourite assets to hold.

Published 29 Dec, 2014 12:00am

As Ford closes, European rust belt seeks new ideas

In the heart of Western Europe, the Belgian-Dutch-German rust belt has been dealt another blow. Two car plants closed this month as companies sought cheaper labour elsewhere, the final chapter of a manufacturing boom that began when coal mines fuelling Eu

Published 29 Dec, 2014 12:00am

Chelsea and Man City suffer festive slumps

Leaders Chelsea and second-place Manchester City both succumbed to post-Christmas hangovers on Sunday as the two pace-setters dropped points in the Premier League title race. Chelsea drew 1-1 at Southampton, which presented City with a chance to close to

Published 29 Dec, 2014 12:00am

Brathwaite, Samuels defy South Africa

Kraigg Brathwaite and Marlon Samuels hit half-centuries as the West Indies fought back on the third day of the second Test against South Africa at St George's Park on Sunday. Brathwaite made 65 not out and Samuels was unbeaten on 60 as the West Indies rea

Published 29 Dec, 2014 12:00am

Ferrari, McLaren take a hit from Marussia collapse

Ferrari and McLaren stand to lose millions as a result of the collapse of the Marussia Formula One team, the Sunday Telegraph newspaper reported. It said documents from administrators FRP Advisory dated December 18 showed that Ferrari, Formula One's oldes

Published 29 Dec, 2014 12:00am

Rahane, Kohli tons as India close on Australia

India counter-punched their way back into the third Test on the back of centuries from Virat Kohli and Ajinkya Rahane in a record stand at the Melbourne Cricket Ground on Sunday. Kohli savaged the Australian bowlers, particularly Mitchell Johnson, for his

Published 29 Dec, 2014 12:00am

Boult double gives New Zealand crucial break

Two late wickets by Trent Boult put New Zealand back in control of the first Test against Sri Lanka Sunday after a maiden Test century by Dimuth Karunaratne had briefly given the tourists a glimmer of hope. Sri Lanka were closing in on wiping out their 30

Published 29 Dec, 2014 12:00am

Amir Khan visits Data Darbar

British boxer Amir Khan here on Sunday visited Data Darbar and prayed for safety and prosperity of Pakistan. The Pakistani origin boxer also laid a wreath on the shrine of the saint. Talking to press he stated that he was deeply hurt by the incident in Pe

Published 29 Dec, 2014 12:00am

Elder-care challenges prompt tech executives to create startups, apps

For years, Google Inc's commerce chief, Stephanie Tilenius, held a demanding job and helped oversee the medical care of her parents, an experience that led her to leave the Internet search giant in 2012 and start a company to help patients combat chronic

Published 29 Dec, 2014 12:00am

Saudi Arabia's 2015 budget based on oil price around $60: analysts

Saudi Arabia's 2015 state budget assumes an oil price close to current levels of around $60 a barrel for Brent crude, a shift from past budgets which were based on prices well below market levels, analysts say. The kingdom doesn't reveal the oil prices wh

Published 29 Dec, 2014 12:00am

China to widen deposit base for banks

The People's Bank of China (PBOC) will change rules governing how loan-to-deposit ratios are calculated at banks starting from next year, according to a copy of a central bank document seen by Reuters, in a move that will boost liquidity conditions. The P

Published 29 Dec, 2014 12:00am

Beijing expands subway system, increases fares

China's capital, Beijing, expanded its subway system on Sunday, extending three lines and opening one more at the same time it ushers in a price rise that has sparked complaints. Beijing seeks to tackle worsening congestion and reduce subsidies for transp

Published 29 Dec, 2014 12:00am

Beijing expands subway system, increases fares

Published 29 Dec, 2014 12:00am

German government sees low oil prices helping economy

The German government expects low oil prices to boost growth in Europe's biggest economy by 0.2-0.3 percent next year, Der Spiegel magazine reported on Sunday, citing an internal economy ministry memo. Prices for oil have fallen by around 45 percent to ab

Published 29 Dec, 2014 12:00am

Europe 'not doing so badly': Bundesbank chief

Europe's economy is not doing as badly as some people think, Germany's central bank chief Jens Weidmann said Sunday as he gave an upbeat prediction for Germany, its biggest component. On Germany's outlook for 2015, he said: "As things are right now, and i

Published 29 Dec, 2014 12:00am

Algerian energy minister says OPEC should cut oil output

Algeria said on Sunday that OPEC should cut production to push oil prices up, adding that it did not share the views of big producers inside the cartel who prefer to let the market regulate prices, energy minister Youcef Yousfi was quoted as saying by the

Published 29 Dec, 2014 12:00am

Russian government allocates $110 million for arms exporters

The Russian government said on Sunday it has pledged 6 billion roubles ($110 million) to help arms exporters service loans from domestic banks, in a further show of state support for companies hit by the country's financial crisis. The government has take

Published 29 Dec, 2014 12:00am

South Korea's department store sales fall

Sales at South Korea's top department stores fell in November by the fastest pace in nearly two years on an annual basis, official data showed on Sunday, adding to concerns that Asia's fourth-largest economy is losing steam. Combined sales last month at d

Published 29 Dec, 2014 12:00am

Kuwait's Al Ahli Bank's chairman resigns

The chairman of Kuwait's Al Ahli Bank has resigned due to ill health and been replaced by the lender's deputy chairman, it said on Sunday. Ahmed Yousef Behbehani stepped down with effect from December 24, with deputy chairman Talal Mohamed Reda Yousef Beh

Published 29 Dec, 2014 12:00am

Sony's PlayStation back online after Christmas hack

Sony's PlayStation reported that its network was back online and claimed that it had been attacked, three days after it and Microsoft's Xbox went down in an outage. An allegedly co-ordinated Christmas day hack brought down the gaming consoles, both hot gi

Published 29 Dec, 2014 12:00am

Ruble fall creates turbulence for Russian airlines

Their international competitors may be cheering tumbling oil prices, but the collapse in the ruble has meant major financial turbulence for Russian airlines who have expenses in foreign currencies. The ruble has slumped by 40 percent this year against the

Published 29 Dec, 2014 12:00am

Bangladesh's interbank forex and interest rates

Inter-bank buy/sell rates for the taka against the dollar on Sunday. 77.92-77.92 (previous 77.91-77.92).

Published 29 Dec, 2014 12:00am

Norway has firm policy against currency intervention

Norway's central bank has a firm policy against intervening in the currency market and has no position on where the crown currency should be, central bank Governor Oeystein Olsen told national daily DN, confirming the bank's stance. The crown has been hit

Published 29 Dec, 2014 12:00am

UAE regulator urges brokerages to obey margin trading rules

The United Arab Emirates Securities and Commodities Authority urged brokerages that extend margin trading services to obey regulations and sell clients' shares if shortages in their accounts are not filled on time. The market regulator said it was making

Published 29 Dec, 2014 12:00am

UAE regulator urges brokerages to obey margin trading rules

Published 29 Dec, 2014 12:00am

Trade-weighted euro may be set for shock upswing in 2015

While investors are betting the euro will fall against the dollar next year, hopes that the European economy will therefore get a boost could be premature: it may not depreciate at all against currencies of other major trading partners.

Published 29 Dec, 2014 12:00am

Help for British house buyers could end up hurting building stocks

Government moves to help most British home buyers have boosted housebuilding stocks - helping the likes of Barratt Developments and Taylor Wimpey extend a multi-month rally. But those gains could soon come under pressure, warn brokers, as the impact of pa

Published 29 Dec, 2014 12:00am

Gulf markets rise despite oil's weakness

Gulf stock markets rose on Sunday despite oil's weakness as Saudi Arabia's plan to maintain government spending at a high level boosted investor confidence. The Saudi government released a 2015 state budget last Thursday that provides for a 0.6 percent in

Published 29 Dec, 2014 12:00am

Indian stocks seen rallying again in 2015, driven by reforms

Indian shares will continue this year's big rally in 2015, propelled by the passage of key fiscal reforms, according to analysts in a Reuters poll who see another year of 20 percent-plus gains. The poll of 18 analysts, taken in the past week, predicts the

Published 29 Dec, 2014 12:00am

Sri Lankan stocks rise

Sri Lankan stocks closed at its highest in five weeks on Friday in thin trading, led by large caps such as Ceylon Tobacco Company Plc even as investors stayed away amid holiday season and political uncertainty before the January 8 presidential polls. The

Published 29 Dec, 2014 12:00am

Emerging currency volatility spikes on oil, high-yield risks

Implied volatility in emerging market currencies - a gauge of expected swings in their exchange rates - rocketed to multi-month highs on Monday, fuelled by massive price falls in commodity and credit markets. One-month implied volatility derived from opti

Published 29 Dec, 2014 12:00am

Brazil's Tombini says may reduce FX intervention in 2015

Brazil's central bank will keep intervening in the foreign exchange market next year but could reduce the scale of these operations, which are aimed at countering the slide in the country's currency, the real, which has stoked inflation.

Published 29 Dec, 2014 12:00am

Egyptian pound steady

The Egyptian pound held steady at a central bank dollar sale on Sunday and on the black market. The bank offered $40 million and said it had sold $38.4 million at a cut-off price of 7.1401 pounds to the dollar, a rate unchanged from its last sale on Thurs

Published 29 Dec, 2014 12:00am

Wall Street week ahead: big questions for markets for 2015

Wall Street was generally calmer in 2014 than in previous years, but that doesn't mean the stock market was devoid of drama. Big selloffs in biotechnology and social media stocks had strategists predicting doom in the spring, and the plunge in oil prices

Published 29 Dec, 2014 12:00am

Dozens of Rwandan Hutu rebels surrender in DR Congo

A group of 83 Rwandan Hutu rebels turned themselves in on Sunday in the face of threatened action by UN and Congolese troops as part of efforts to restore calm in the Democratic Republic of Congo's restive east. The rebels from the Democratic Forces for t

Published 29 Dec, 2014 12:00am

Four die of bird flu in Libya

Four people have died of bird flu in Libya in recent days, the health minister of the country's internationally recognised government said on Saturday. Rida al-Awkali said a fifth person suspected of having contracted the virus is currently in hospital in

Published 29 Dec, 2014 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 2	278.40
USD PKR Interbank Buying / May 2	278.20
USD to Japanese Yen / May 2	155.37
USD to Swiss Franc / May 2	0.91
Pound Sterling to USD / May 2	1.25
Euro to USD / May 2	1.07

Stock	Volume
S&P 500 / May 1	5018.39
Nasdaq / May 1	15605.48
Dow Jones / May 1	37903.29
India Sensex / May 2	74720.19
Tokyo Nikkei / May 2	38236.07
Hang Seng / May 2	18192.04
FTSE 100 / May 2	8149.68
Germany DAX 30 / May 2	17906.01

Item	Value
Crude Oil USD/Barrel / May 2	79.53
Karachi Cotton PKR/37.32 KG / May 2	20000
Gold 10 Grams PKR / May 2	206619
Gold Spot USD/Ounce / May 2	2311.74
Cotton US¢/pound / May 2	77.01
Petrol/Litre / May 3	288.49

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 3 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 3 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 3 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 3 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 3 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 3 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 3 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 3 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 3 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 3 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 3 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 3 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 3 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 3 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 3 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 3 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 3 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 3 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 3 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 3 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 3 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 3 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 3 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 3 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 3 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 3 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 3 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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