AIRLINK 81.10 Increased By ▲ 2.55 (3.25%)
BOP 4.82 Increased By ▲ 0.05 (1.05%)
CNERGY 4.09 Decreased By ▼ -0.07 (-1.68%)
DFML 37.98 Decreased By ▼ -1.31 (-3.33%)
DGKC 93.00 Decreased By ▼ -2.65 (-2.77%)
FCCL 23.84 Decreased By ▼ -0.32 (-1.32%)
FFBL 32.00 Decreased By ▼ -0.77 (-2.35%)
FFL 9.24 Decreased By ▼ -0.13 (-1.39%)
GGL 10.06 Decreased By ▼ -0.09 (-0.89%)
HASCOL 6.65 Increased By ▲ 0.11 (1.68%)
HBL 113.00 Increased By ▲ 3.50 (3.2%)
HUBC 145.70 Increased By ▲ 0.69 (0.48%)
HUMNL 10.54 Decreased By ▼ -0.19 (-1.77%)
KEL 4.62 Decreased By ▼ -0.11 (-2.33%)
KOSM 4.12 Decreased By ▼ -0.14 (-3.29%)
MLCF 38.25 Decreased By ▼ -1.15 (-2.92%)
OGDC 131.70 Increased By ▲ 2.45 (1.9%)
PAEL 24.89 Decreased By ▼ -0.98 (-3.79%)
PIBTL 6.25 Decreased By ▼ -0.09 (-1.42%)
PPL 120.00 Decreased By ▼ -2.70 (-2.2%)
PRL 23.90 Decreased By ▼ -0.45 (-1.85%)
PTC 12.10 Decreased By ▼ -0.89 (-6.85%)
SEARL 59.95 Decreased By ▼ -1.23 (-2.01%)
SNGP 65.50 Increased By ▲ 0.30 (0.46%)
SSGC 10.15 Increased By ▲ 0.26 (2.63%)
TELE 7.85 Decreased By ▼ -0.01 (-0.13%)
TPLP 9.87 Increased By ▲ 0.02 (0.2%)
TRG 64.45 Decreased By ▼ -0.05 (-0.08%)
UNITY 26.90 Decreased By ▼ -0.09 (-0.33%)
WTL 1.33 Increased By ▲ 0.01 (0.76%)
BR100 8,052 Increased By 75.9 (0.95%)
BR30 25,581 Decreased By -21.4 (-0.08%)
KSE100 76,707 Increased By 498.6 (0.65%)
KSE30 24,698 Increased By 260.2 (1.06%)
Jun 16, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2015-03-16
Thousands to protest in Frankfurt against ECB 'austerity'

Thousands to protest in Frankfurt against ECB 'austerity'

Thousands of people are expected to march in Frankfurt on Wednesday to protest against austerity policies they blame on the European Central Bank, as the ECB inaugurates its new high-rise headquarters.
Published 16 Mar, 2015 12:00am
China consumer show targets Volkswagen, Nissan

China consumer show targets Volkswagen, Nissan

Carmakers including Volkswagen AG, Nissan Motor Co Ltd and Daimler AG were scrambling late on Sunday after China's annual consumer rights day TV show said the firms oversold repairs and spare parts to drivers. The annual "3.15" investigative special on Ch
Published 16 Mar, 2015 12:00am
Sisi confident after investment summit: now the hard part

Sisi confident after investment summit: now the hard part

President Abdel Fattah al-Sisi was so confident after Egypt signed billions of dollars of deals at an investment summit that he publicly joked on Sunday about haggling with the world's top chief executives. Yet the real challenge has only just begun.
Published 16 Mar, 2015 12:00am
Investors to pause forex litigation amid US government probe

Investors to pause forex litigation amid US government probe

Lawyers pursuing an antitrust lawsuit by investors accusing 12 major banks of rigging prices in the $5.3 trillion-a-day foreign exchange market agreed to put most of the litigation on hold amid a related criminal probe by the US Department of Justice.
Published 16 Mar, 2015 12:00am
Univision hires underwriters for IPO

Univision hires underwriters for IPO

US Spanish-language broadcaster Univision Communications Inc has hired Goldman Sachs Group Inc, Morgan Stanley and Deutsche Bank AG to lead an initial public offering (IPO), according to people familiar with the matter.
Published 16 Mar, 2015 12:00am
Tokyo investors eye Fed, BoJ meetings

Tokyo investors eye Fed, BoJ meetings

Meetings of the US Federal Reserve and Bank of Japan will be key trading cues for Tokyo investors next week after the Nikkei broke the 19,000 level on Friday for the first time in 15 years. Few expect policy action from either central bank, but investors
Published 16 Mar, 2015 12:00am
Most Gulf markets fall after oil dips

Most Gulf markets fall after oil dips

Cheaper oil dragged down Gulf stock markets on Sunday, while Egypt rose after an international conference pledged tens of billions of dollars of investment for the country. Brent crude settled near a one-month low below $55 a barrel on Friday and fell 9 p
Published 16 Mar, 2015 12:00am
State-run Ukraine firms' dollar bonds fall as restructuring looms

State-run Ukraine firms' dollar bonds fall as restructuring looms

Ukrainian state-run companies' dollar bond prices fell on Friday after the country's finance minister told investors that the debt of entities that were controlled or guaranteed by the government was also subject to restructuring.
Published 16 Mar, 2015 12:00am
State-run Ukraine firms' dollar bonds fall as restructuring looms

State-run Ukraine firms' dollar bonds fall as restructuring looms

Ukrainian state-run companies' dollar bond prices fell on Friday after the country's finance minister told investors that the debt of entities that were controlled or guaranteed by the government was also subject to restructuring.
Published 16 Mar, 2015 12:00am
Weak yen/strong Nikkei offers template for eurozone investors

Weak yen/strong Nikkei offers template for eurozone investors

A slide in the euro coinciding with a rise in euro zone stocks in the first week of the ECB's money-printing programme has drawn comparisons with what happened when the Bank of Japan unleashed its own bond-buying stimulus.
Published 16 Mar, 2015 12:00am
Weak yen/strong Nikkei offers template for eurozone investors

Weak yen/strong Nikkei offers template for eurozone investors

A slide in the euro coinciding with a rise in euro zone stocks in the first week of the ECB's money-printing programme has drawn comparisons with what happened when the Bank of Japan unleashed its own bond-buying stimulus.
Published 16 Mar, 2015 12:00am
Mexico to sell $52 million daily to stop peso slide

Mexico to sell $52 million daily to stop peso slide

Mexico's central bank announced Wednesday that it will sell $52 million per day over the next three months to stop the peso from sliding further after the currency reached historic lows. The daily auction comes on top of $200 million that the bank has bee
Published 16 Mar, 2015 12:00am
Malaysia's Qualitas starts premarketing for $150 million IPO

Malaysia's Qualitas starts premarketing for $150 million IPO

Malaysia's Qualitas Healthcare Corp Bhd has started investor education for its initial public offering (IPO), which is expected to raise about $150 million, IFR reported on Wednesday. The premarketing will end on March 24, reported IFR, a Thomson Reuters
Published 16 Mar, 2015 12:00am
Egyptian pound steady

Egyptian pound steady

Egypt's central bank kept the pound steady at 7.53 pounds to the dollar at a foreign exchange auction on Sunday, and it was also stable on the parallel market. The bank said it had offered $40 million and sold $38.2 million at a cut-off price of 7.5301 po
Published 16 Mar, 2015 12:00am
South Korea's Jeju Air plans fourth quarter IPO

South Korea's Jeju Air plans fourth quarter IPO

Leading South Korean budget airline Jeju Air Co hopes Chinese and other Northeast Asian travellers will drive a threefold leap in sales over the next six years, as it prepares to become the first listed Korean low-cost carrier with a fourth-quarter IPO. S
Published 16 Mar, 2015 12:00am
South Korea's Jeju Air plans fourth quarter IPO

South Korea's Jeju Air plans fourth quarter IPO

Leading South Korean budget airline Jeju Air Co hopes Chinese and other Northeast Asian travellers will drive a threefold leap in sales over the next six years, as it prepares to become the first listed Korean low-cost carrier with a fourth-quarter IPO. S
Published 16 Mar, 2015 12:00am
Cycling chain SoulCycle considers going public

Cycling chain SoulCycle considers going public

SoulCycle Holdings LLC, the US indoor cycling chain that describes its classes as a "dance party on a bike," is mulling an initial public offering as part of a review of strategic options, according to people familiar with the matter. The review has been
Published 16 Mar, 2015 12:00am
Cycling chain SoulCycle considers going public

Cycling chain SoulCycle considers going public

SoulCycle Holdings LLC, the US indoor cycling chain that describes its classes as a "dance party on a bike," is mulling an initial public offering as part of a review of strategic options, according to people familiar with the matter. The review has been
Published 16 Mar, 2015 12:00am
Wall Street week ahead: investors in 'patient panic' over Fed language

Wall Street week ahead: investors in 'patient panic' over Fed language

Forget the 2013 "taper tantrum." US stock markets are in the midst of a "'patient' panic" ahead of Wednesday's Federal Reserve statement, when many investors expect a change in the Fed's language that would send the clearest signal yet that a rate hike is
Published 16 Mar, 2015 12:00am
Iceland government move to reject EU talks sparks protest

Iceland government move to reject EU talks sparks protest

Icelanders staged the largest demonstration on the island since a 2008 financial meltdown on Sunday to protest against what they saw as the underhand way the government pulled out of talks on joining the European Union. The North Atlantic nation of 325,00
Published 16 Mar, 2015 12:00am
French medics take to the streets against reforms

French medics take to the streets against reforms

Thousands of medics marched through Paris on Sunday to protest against changes they say will increase bureaucracy and harm healthcare but which the government says are needed to ensure everyone has access to a doctor.
Published 16 Mar, 2015 12:00am
Bus plunges off cliff in Brazil, 54 killed

Bus plunges off cliff in Brazil, 54 killed

Brazil's government on Sunday said 54 passengers died when a bus plummeted over a cliff in the southern Brazilian state of Santa Catarina. The bus, carrying a group of evangelical Christians to a religious event in the neighbouring state of Parana, swerve
Published 16 Mar, 2015 12:00am
Thousands in Hungary rally against government

Thousands in Hungary rally against government

Thousands of Hungarians rallied against Prime Minister Viktor Orban's government on Sunday, venting anger over allegations of corruption and a secretive nuclear deal with Russia, Hungary's former communist overlord.
Published 16 Mar, 2015 12:00am
China tests planned flight route near Taiwan

China tests planned flight route near Taiwan

China on Sunday tested a proposed new flight route in the Taiwan Strait in a plan that had sparked a fierce backlash from the island over security concerns, officials said.
Published 16 Mar, 2015 12:00am
West hopes for Iran concessions in nuclear talks

West hopes for Iran concessions in nuclear talks

Western powers are hoping for concessions from Tehran that could help clinch a political agreement in nuclear talks this week after the United States and European powers voiced a willingness to compromise on suspending UN sanctions, officials said. US Sec
Published 16 Mar, 2015 12:00am
Algerian former oil executives on trial

Algerian former oil executives on trial

A group of top former Algerian state oil company officials including an ex-chief executive went on trial on Sunday for corruption in a scandal involving foreign suppliers.
Published 16 Mar, 2015 12:00am
Vatican backs force to stop IS 'genocide'

Vatican backs force to stop IS 'genocide'

The Vatican's ambassador to the United Nations has endorsed military action against the Islamic State group in Iraq and Syria - an unusual move because the Vatican traditionally has opposed force in the region. In an interview with the US Catholic website
Published 16 Mar, 2015 12:00am
UK teens suspected of trying to join Islamic State arrested

UK teens suspected of trying to join Islamic State arrested

Three male British teenagers suspected of planning to join Islamic State militants in Syria have been arrested by London police after being deported from Turkey, officials said on Sunday. The three, who have not been named, were detained on Friday in the
Published 16 Mar, 2015 12:00am
Syria enters fifth year of bloody civil conflict

Syria enters fifth year of bloody civil conflict

Syria's conflict entered its fifth year on Sunday with the regime emboldened by shifting international attention, and a growing humanitarian crisis exacerbated by the rise of the Islamic State group. More than 215,000 people have been killed and half of t
Published 16 Mar, 2015 12:00am
Kerry says US will have to negotiate with Assad

Kerry says US will have to negotiate with Assad

The United States will have to negotiate with Syrian President Bashar al-Assad for a political transition in Syria and is exploring ways to pressure him into agreeing to talks, US Secretary of State John Kerry told CBS News in an interview. Washington has
Published 16 Mar, 2015 12:00am
Two robbers killed in encounter, cop shot dead

Two robbers killed in encounter, cop shot dead

A cop was killed while two suspected robbers were gunned down in an encounter, here on Sunday. According to police sources, head constable Israr son of Khadim was shot and killed by unidentified persons near Clifton Bridge in the limits of Civil Line poli
Published 16 Mar, 2015 12:00am
KP Speaker asks PTI workers to unite for LB polls

KP Speaker asks PTI workers to unite for LB polls

Speaker, Khyber Pakhtunkhwa Assembly, Asad Qaiser has asked PTI workers to unite for making preparations for local bodies' elections, saying the party will maintain its popularity in upcoming polls also.
Published 16 Mar, 2015 12:00am
UIT holds seminar on 'Remembering Rumi'

UIT holds seminar on 'Remembering Rumi'

A literary evening 'Remembering Rumi' was held at Usman Institute of Technology (UIT) to pay tribute to the great scholar, poet, philosopher and Sufi Maulana Rumi (RA) in Karachi the other day. A thoroughly engrossing and enlightening presentation was giv
Published 16 Mar, 2015 12:00am
Legislation for iodisation urged to overcome iodine deficiency

Legislation for iodisation urged to overcome iodine deficiency

Legislation for universal salt iodisation is key to combat iodine deficiency. This was demanded by citizens who gathered in front of the press club here on Sunday afternoon. The event was held to mark the International Consumer Rights Day which is celebra
Published 16 Mar, 2015 12:00am
MQM's crimes: PPP and PML-N to be blamed equally: JI chief

MQM's crimes: PPP and PML-N to be blamed equally: JI chief

Chief of Jamaat-e-Islami and Senator Sirajul Haq said, "PPP and the PML-N are equally to be blamed for the MQM's crimes as they had been taking the 'fascist group' as an ally in the government time and again".
Published 16 Mar, 2015 12:00am
Nobody is above law, says Sindh chief minister

Nobody is above law, says Sindh chief minister

Sindh Chief Minister Syed Qaim Ali Shah has said that action against terrorists is being taken under the constitution and nobody is above the law. Army, judiciary and other legislative institutions are constitutional and everyone must respect them, he add
Published 16 Mar, 2015 12:00am
Zardari condoles death of Tahira Shah

Zardari condoles death of Tahira Shah

Former President Asif Ali Zardari has condoled the death of Tahira Shah Leader of the Pakistan Fisher folk Forum who died in an accident near Sujawal the other day. In a condolence message the former President said that the death of Tahira Shah was not on
Published 16 Mar, 2015 12:00am
LB elections: JUI-F puts district chapters on alert

LB elections: JUI-F puts district chapters on alert

JUI-F Khyber Pakhtunkhwa has directed its district chapters for completion of homework for local bodies' polls and constituted a two-member committee comprising of Abdul Jalil Jan and Amanullah Haqqani for the review of the local government system.
Published 16 Mar, 2015 12:00am
Five Rangers personnel injured in terrorists attack in Chilas

Five Rangers personnel injured in terrorists attack in Chilas

At least five Rangers personnel sustained injuries in a terrorist attack on Basar Rangers' check post in Chilas, here on Sunday. According to reports, over two dozen militants mounted an assault on a paramilitary check-post. The sources said that at least
Published 16 Mar, 2015 12:00am
President administers oath to two federal ministers

President administers oath to two federal ministers

President Mamnoon Hussain administered the oath of offices to senators Pervez Rashid and Mushahid ullah Khan as Federal ministers in a ceremony held here at Aiwan-e-Sadr on Sunday. Federal ministers, members' parliament and senior officials also attended
Published 16 Mar, 2015 12:00am
Remote areas: PEF promoting free schooling facility

Remote areas: PEF promoting free schooling facility

The Punjab Education Foundation is promoting free schooling facility in remote and far-flung areas of the province by entering into partnership with low-cost private schools in these areas so that more and more children could go to school and excel throug
Published 16 Mar, 2015 12:00am
PCGA hails withdrawal of GST on oil cake

PCGA hails withdrawal of GST on oil cake

Pakistan Cotton Ginners Association (PCGA) has hailed the government's decision to waive the five percent general sales tax (GST) on oil cake and two percent GST on oil (Binola oil) and introduced a fresh notification No 188(1)/2015 under which Rs 6 per m
Published 16 Mar, 2015 12:00am
Turkey to set up Consulate in Lahore: envoy

Turkey to set up Consulate in Lahore: envoy

New Turkish Consulate will be ready here in next three years which will improve the Consulate's services including the capacity to issue more visas, says Turkish Consul General in Karachi, Murat M Onart. Turkey will also establish its Consulate in Lahore
Published 16 Mar, 2015 12:00am
Husain Piracha's book 'Hukme Azan' launched

Husain Piracha's book 'Hukme Azan' launched

Chief of Jamaat-i-Islami, Pakistan, Senator Sirajul Haq, has called for indiscriminate action against terrorists. Addressing the launching ceremony of well-known writer and Dr Husain Piracha's book "Hukme Azan" at a local hotel, he said that MQM's terrori
Published 16 Mar, 2015 12:00am
QWP criticises KP government

QWP criticises KP government

Qaumi Watan Party (QWP) Chairman Aftab Ahmad Khan Sherpao on Sunday criticised the PTI-led Khyber Pakhtunkhwa government for linking its participation in the upcoming meeting of the National Finance Commission (NFC) award with the release of its share in
Published 16 Mar, 2015 12:00am
Rabbani urges parties to help eliminate scourge of terrorism

Rabbani urges parties to help eliminate scourge of terrorism

Acting President Mian Raza Rabbani on Sunday urged the political parties to forge unity in their ranks and help eliminate the scourge of terrorism from the country. It was no nomenclature. The country was passing through a most serious and critical situat
Published 16 Mar, 2015 12:00am
Fatemi attends UN moot on 'Disaster Risk Reduction'

Fatemi attends UN moot on 'Disaster Risk Reduction'

Special Assistant to Prime Minister on Foreign Affairs Syed Tariq Fatemi arrived here on Sunday to represent Pakistan to 3rd World United Nations conference on 'Disaster Risk Reduction' Soon after his arrival, Syed Tariq Fatemi represented Pakistan at the
Published 16 Mar, 2015 12:00am
Army called in to help deal with floods in Balochistan

Army called in to help deal with floods in Balochistan

Balochistan government has summoned Pakistan army to help in relief work following heavy rains over the past two days that led to floods in Bolan, Harnai and Sibbi areas. According to reports, five highways have been washed away in Harnai district by the
Published 16 Mar, 2015 12:00am
Iesco to install smart meters to end over-billing complaints

Iesco to install smart meters to end over-billing complaints

The Islamabad Electric Supply Company (IESCO) will start installing smart meters in next three months to help ensure correct meter readings and address over-billing issue. Talking to APP on Sunday, IESCO Chief Executive Officer (CEO) Malik Muhammad Yousaf
Published 16 Mar, 2015 12:00am
Transfer of prisoners: Nisar stops implementation

Transfer of prisoners: Nisar stops implementation

Interior Minister Chaudhry Nisar Ali Khan has stopped the implementation on all accords or arrangements with foreign countries regarding the transfer of convicted persons undergoing imprisonment at home or abroad.
Published 16 Mar, 2015 12:00am
Transfer of prisoners: Nisar stops implementation

Transfer of prisoners: Nisar stops implementation

Interior Minister Chaudhry Nisar Ali Khan has stopped the implementation on all accords or arrangements with foreign countries regarding the transfer of convicted persons undergoing imprisonment at home or abroad.
Published 16 Mar, 2015 12:00am
Agencies irked by absence of extradition treaty with UK

Agencies irked by absence of extradition treaty with UK

The absence of an extradition treaty with United Kingdom is causing difficulties for the two country's investigation agencies to try crimes committed on their soil as the existing Transfer of Prisoners Agreement (TPA) does not meet the requirements.
Published 16 Mar, 2015 12:00am
Agencies irked by absence of extradition treaty with UK

Agencies irked by absence of extradition treaty with UK

The absence of an extradition treaty with United Kingdom is causing difficulties for the two country's investigation agencies to try crimes committed on their soil as the existing Transfer of Prisoners Agreement (TPA) does not meet the requirements.
Published 16 Mar, 2015 12:00am
Prime Minister approves disciplinary proceedings against DGTO

Prime Minister approves disciplinary proceedings against DGTO

Prime Minister Nawaz Sharif has approved initiating disciplinary proceedings against Director General Trade Organisations (DGTO) Sajid Hussain against whom "undeniable proof" of financial malfeasance has been provided to Secretary Commerce, Shahzad Arbab,
Published 16 Mar, 2015 12:00am
Prime Minister approves disciplinary proceedings against DGTO

Prime Minister approves disciplinary proceedings against DGTO

Prime Minister Nawaz Sharif has approved initiating disciplinary proceedings against Director General Trade Organisations (DGTO) Sajid Hussain against whom "undeniable proof" of financial malfeasance has been provided to Secretary Commerce, Shahzad Arbab,
Published 16 Mar, 2015 12:00am
Prime Minister approves disciplinary proceedings against DGTO

Prime Minister approves disciplinary proceedings against DGTO

Prime Minister Nawaz Sharif has approved initiating disciplinary proceedings against Director General Trade Organisations (DGTO) Sajid Hussain against whom "undeniable proof" of financial malfeasance has been provided to Secretary Commerce, Shahzad Arbab,
Published 16 Mar, 2015 12:00am
Aid effort kicks in after monster Vanuatu cyclone

Aid effort kicks in after monster Vanuatu cyclone

Relief supplies began arriving in cyclone-devastated Vanuatu Sunday as the Pacific nation declared a state of emergency amid reports entire villages were "blown away" when a monster storm swept through. The official death toll in the capital Port Vila sto
Published 16 Mar, 2015 12:00am
Aid effort kicks in after monster Vanuatu cyclone

Aid effort kicks in after monster Vanuatu cyclone

Relief supplies began arriving in cyclone-devastated Vanuatu Sunday as the Pacific nation declared a state of emergency amid reports entire villages were "blown away" when a monster storm swept through. The official death toll in the capital Port Vila sto
Published 16 Mar, 2015 12:00am
US shuts Saudi embassy over security fears

US shuts Saudi embassy over security fears

The US embassy in Saudi Arabia said it had suspended consular services in the kingdom for two days due to "heightened security concerns", after warning of threats against Western oil workers. All services in Riyadh and at the consulates in Jeddah and Dhah
Published 16 Mar, 2015 12:00am
US shuts Saudi embassy over security fears

US shuts Saudi embassy over security fears

The US embassy in Saudi Arabia said it had suspended consular services in the kingdom for two days due to "heightened security concerns", after warning of threats against Western oil workers. All services in Riyadh and at the consulates in Jeddah and Dhah
Published 16 Mar, 2015 12:00am
Yemen militia leader says holding indirect talks with Saudi Arabia

Yemen militia leader says holding indirect talks with Saudi Arabia

Yemen's Houthi militia leader said on Sunday the group was engaged in indirect talks with neighbour Saudi Arabia, Yemeni state news agency Saba reported. It is the first known dialogue between the Shia Muslim group and the neighbouring Sunni regional powe
Published 16 Mar, 2015 12:00am
Yemen militia leader says holding indirect talks with Saudi Arabia

Yemen militia leader says holding indirect talks with Saudi Arabia

Yemen's Houthi militia leader said on Sunday the group was engaged in indirect talks with neighbour Saudi Arabia, Yemeni state news agency Saba reported. It is the first known dialogue between the Shia Muslim group and the neighbouring Sunni regional powe
Published 16 Mar, 2015 12:00am
Kurds say IS used chlorine: Iraqi offensive on Tikrit stalls

Kurds say IS used chlorine: Iraqi offensive on Tikrit stalls

Islamic State fighters traded sniper fire and mortar rounds with Iraqi troops and allied Shia militia forces on Sunday in the city of Tikrit amid further reports the militants had obtained chlorine for possible use as a chemical weapon. A military officia
Published 16 Mar, 2015 12:00am
Kurds say IS used chlorine: Iraqi offensive on Tikrit stalls

Kurds say IS used chlorine: Iraqi offensive on Tikrit stalls

Islamic State fighters traded sniper fire and mortar rounds with Iraqi troops and allied Shia militia forces on Sunday in the city of Tikrit amid further reports the militants had obtained chlorine for possible use as a chemical weapon. A military officia
Published 16 Mar, 2015 12:00am
Rafsanjani's son gets 15-year prison sentence

Rafsanjani's son gets 15-year prison sentence

A son of influential former Iranian President Akbar Hashemi Rafsanjani has been sentenced to 15 years in prison over security and corruption charges, authorities said Sunday. Judicial spokesman Gholam Hossein Mohseni Ejehi did not offer the specific charg
Published 16 Mar, 2015 12:00am
Rafsanjani's son gets 15-year prison sentence

Rafsanjani's son gets 15-year prison sentence

A son of influential former Iranian President Akbar Hashemi Rafsanjani has been sentenced to 15 years in prison over security and corruption charges, authorities said Sunday. Judicial spokesman Gholam Hossein Mohseni Ejehi did not offer the specific charg
Published 16 Mar, 2015 12:00am
Maldives defends controversial jailing of former leader

Maldives defends controversial jailing of former leader

The Maldives government Sunday told its critics to respect a controversial decision to jail the honeymoon islands' first-ever democratically-elected president for 13 years amid a growing global backlash over the verdict. The US, European Union and regiona
Published 16 Mar, 2015 12:00am
Futures spreads up by 242 basis points

Futures spreads up by 242 basis points

The last week saw spreads on the futures market landing in green zone to increase by 242 basis points (bps) to 12.31 percent from 9.89 percent of the preceding week. During the week that ended on March 13, the trade on futures market averaged on 21.02 mil
Published 16 Mar, 2015 12:00am
Futures spreads up by 242 basis points

Futures spreads up by 242 basis points

The last week saw spreads on the futures market landing in green zone to increase by 242 basis points (bps) to 12.31 percent from 9.89 percent of the preceding week. During the week that ended on March 13, the trade on futures market averaged on 21.02 mil
Published 16 Mar, 2015 12:00am
Futures spreads up by 242 basis points

Futures spreads up by 242 basis points

The last week saw spreads on the futures market landing in green zone to increase by 242 basis points (bps) to 12.31 percent from 9.89 percent of the preceding week. During the week that ended on March 13, the trade on futures market averaged on 21.02 mil
Published 16 Mar, 2015 12:00am
Futures spreads up by 242 basis points

Futures spreads up by 242 basis points

The last week saw spreads on the futures market landing in green zone to increase by 242 basis points (bps) to 12.31 percent from 9.89 percent of the preceding week. During the week that ended on March 13, the trade on futures market averaged on 21.02 mil
Published 16 Mar, 2015 12:00am
Depressed index closes positive

Depressed index closes positive

After a depressing start to the week, the Karachi share market partly recovered losses on Friday. The benchmark index added 346 points to close the week at 32,929, shedding 1.0 percent week-on-week (WoW). Besides continued foreign selling, the investors''
Published 16 Mar, 2015 12:00am
Depressed index closes positive

Depressed index closes positive

After a depressing start to the week, the Karachi share market partly recovered losses on Friday. The benchmark index added 346 points to close the week at 32,929, shedding 1.0 percent week-on-week (WoW). Besides continued foreign selling, the investors'
Published 16 Mar, 2015 12:00am
Depressed index closes positive

Depressed index closes positive

After a depressing start to the week, the Karachi share market partly recovered losses on Friday. The benchmark index added 346 points to close the week at 32,929, shedding 1.0 percent week-on-week (WoW). Besides continued foreign selling, the investors'
Published 16 Mar, 2015 12:00am
Prime Minister terms it an attack on state

Prime Minister terms it an attack on state

Prime Minister Nawaz Sharif on Sunday strongly condemned the bomb blasts in Lahore and expressed his grief over the loss of lives. In a message to the Christian community, he said that the government considered this unfortunate incident as an attack on th
Published 16 Mar, 2015 12:00am
Prime Minister terms it an attack on state

Prime Minister terms it an attack on state

Prime Minister Nawaz Sharif on Sunday strongly condemned the bomb blasts in Lahore and expressed his grief over the loss of lives. In a message to the Christian community, he said that the government considered this unfortunate incident as an attack on th
Published 16 Mar, 2015 12:00am
Release of Afghan Peshawar CG: CIA paid ransom to al Qaeda

Release of Afghan Peshawar CG: CIA paid ransom to al Qaeda

One million dollars provided by the CIA, along with 4 million dollars from other countries, were used to pay ransom for an Afghan diplomat held by al Qaeda in 2010, a news report said Sunday. The secret funds ended up in the hands of the extremist group a
Published 16 Mar, 2015 12:00am
Release of Afghan Peshawar CG: CIA paid ransom to al Qaeda

Release of Afghan Peshawar CG: CIA paid ransom to al Qaeda

One million dollars provided by the CIA, along with 4 million dollars from other countries, were used to pay ransom for an Afghan diplomat held by al Qaeda in 2010, a news report said Sunday. The secret funds ended up in the hands of the extremist group a
Published 16 Mar, 2015 12:00am
Romanian finance minister resigns after graft probe

Romanian finance minister resigns after graft probe

Romanian Finance Minister Darius Valcov resigned on Sunday, leftist Prime Minister Victor Ponta said, after prosecutors opened a criminal investigation against him into suspected abuse of power in a former role as a mayor. Valcov is the most senior sittin
Published 16 Mar, 2015 12:00am
Romanian finance minister resigns after graft probe

Romanian finance minister resigns after graft probe

Romanian Finance Minister Darius Valcov resigned on Sunday, leftist Prime Minister Victor Ponta said, after prosecutors opened a criminal investigation against him into suspected abuse of power in a former role as a mayor. Valcov is the most senior sittin
Published 16 Mar, 2015 12:00am
China has ''ample'' room for stimulus: Li

China has ''ample'' room for stimulus: Li

The Chinese government has more weapons in its arsenal to boost its flagging economy, the world''s second-largest, Premier Li Keqiang said Sunday at his once-a-year press conference. Li - who is second only to President Xi Jinping in the Communist hierarc
Published 16 Mar, 2015 12:00am
China has 'ample' room for stimulus: Li

China has 'ample' room for stimulus: Li

The Chinese government has more weapons in its arsenal to boost its flagging economy, the world's second-largest, Premier Li Keqiang said Sunday at his once-a-year press conference. Li - who is second only to President Xi Jinping in the Communist hierarch
Published 16 Mar, 2015 12:00am
China has 'ample' room for stimulus: Li

China has 'ample' room for stimulus: Li

The Chinese government has more weapons in its arsenal to boost its flagging economy, the world's second-largest, Premier Li Keqiang said Sunday at his once-a-year press conference. Li - who is second only to President Xi Jinping in the Communist hierarch
Published 16 Mar, 2015 12:00am
Previous Day