News Archives for Print - 2015-03-23

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Print - 2015-03-23

The Weather

The weather report on Sunday (March 22, 2015) and the forecast for Monday (March 23, 2015).

Published 23 Mar, 2015 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 23 Mar, 2015 12:00am

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (March 16 to 20, 2015).

Published 23 Mar, 2015 12:00am

Aaj TV - Monday's schedule

All timings are in PST (Pakistan Standard Time).

Published 23 Mar, 2015 12:00am

23rd March is not 'just another day'

The nation is celebrating yet another Pakistan Resolution Day on 23rd March, which is a very momentous day in Pakistan's history. The Pakistanis commemorate the day every year as a real day of the "making of Pakistan" when a historic Resolution - widely k

Published 23 Mar, 2015 12:00am

Pakistan Day a resolution and resolve

Pakistan Day is celebrated to remind the Lahore Resolution on March 23 each year. The Lahore Resolution passed on 23 March, 1940 is considered a major milestone in the Muslim struggle for an independent Muslim State. This eventually led to the constructio

Published 23 Mar, 2015 12:00am

Message from Major-General Zaheer Ahmed Khan (Retd), CEO Pakistan Steel

The country's biggest public sector industry - Pakistan Steel - has been the subject of much concern and comment for the last two or three years by a vast segment of our intelligentsia, including the media for its slide into a heavy loss-making enterprise

Published 23 Mar, 2015 12:00am

Message from Air Chief Marshal, Sohail Aman, NI (M), Chief of the Air Staff, Pakistan Air Force

The 23rd of March, 1940, undoubtedly stands as a defining moment in our history, as it culminated in the formulation of the historic Two-Nation Theory that led to creation of Pakistan in 1947. I feel great pleasure in extending my warm and sincere greetin

Published 23 Mar, 2015 12:00am

Congress and the Pakistan demand

At the centre of Muslim "grievances" against the Congress in the late 1930s was its denial of Muslims as a religio-political entity. Its repudiation of Muslim identity was the most critical factor in determining the course of Muslim politics during 1937-4

Published 23 Mar, 2015 12:00am

The Pakistan Resolution: history and current relevance

Pakistan's establishment as an independent and sovereign state was the end-product of a long drawn evolutionary political struggle. It aimed at creating a homeland for the Muslims of British India who wanted to secure their civilizational and political id

Published 23 Mar, 2015 12:00am

People hail decision of Sialkot-Lahore Expressway project: Mansha

Special Assistant to Punjab Chief Minister Khawaja Muhammad Mansha Ullah Butt said on Sunday that the people belonging to various walks of life have hailed the announcement of Prime Minister Muhammad Nawaz Sharif for the construction of the Sialkot-Lahore

Published 23 Mar, 2015 12:00am

MQM should keep itself alive as political party: Sanaullah

Former Punjab law minister Rana Sanaullah on Sunday suggested Muttahida Qaumi Movement (MQM) to 'keep itself alive as a political entity. Talking to media here, Sanaullah said that criminals were arrested in Rangers raid on Nine Zero, MQM headquarters in

Published 23 Mar, 2015 12:00am

Capacity-building of departments: Shahbaz stresses institutional reforms

-Punjab Chief Minister Muhammad Shahbaz Sharif presided over a high-level meeting here Sunday reviewed in detail various proposals for institutional reforms for the capacity-building of provincial departments. The meeting lasted for four hours.

Published 23 Mar, 2015 12:00am

PEF begins books distribution drive on March 24

Punjab Education Foundation (PEF) will formally kick-start the mammoth books distribution drive from March 24, 2015 for the academic year 2015-16. According to the PEF spokesman, a total of Six million textbooks will be distributed among 1.6 million stude

Published 23 Mar, 2015 12:00am

World Water Day observed

The country with the rest of the world observed "World Day for Water". In that context, Alkhidmat Foundation Pakistan arranged a photo exhibition and awareness campaigns with the theme: "Safe water, Safe life". The purpose of these activities was to creat

Published 23 Mar, 2015 12:00am

'Experts' recommendation imperative to raise agriculture yield'

The timely sowing of crops, adoption of best varieties, balanced usage of fertilizer, soil analysis and following the recommendation of agricultural experts are imperative to increase the agricultural yield and to ensure the food security.

Published 23 Mar, 2015 12:00am

Safeguarding national solidarity is the duty of every Pakistani

Pakistan Muslim League-Q (PML=Q) President Chaudhry Shujaat Hussain, senior central leader Chaudhry Parvez Elahi and Moonis Elahi have said that stability, national solidarity and safeguarding the national security was the most important demand of the tim

Published 23 Mar, 2015 12:00am

Pakistan Day being celebrated in befitting manners in Punjab

The Pakistan Day is being celebrated in a befitting manner in Lahore and other cities and towns of Punjab with renewed dedication to make Pakistan a peaceful, prosperous, self-reliant and Islamic Welfare State today.

Published 23 Mar, 2015 12:00am

Agriculture forum seeks probe into purchase of jute bags

Agri Forum Chairman Ibrahim Mughal has urged Punjab Chief Minister Shahbaz Sharif to bring more transparency in the purchase of wheat jute bags (bardana). They accused the bureaucracy and jute mills of manipulating the whole purchase and supplying substan

Published 23 Mar, 2015 12:00am

MCCI demands introduction of cargo flight from Multan

The business community of Southern Punjab has reiterated its demand for introducing cargo flights from Multan International Airport immediately because this airport was operational since March 9 when Prime Minister Nawaz Sharif inaugurated it.

Published 23 Mar, 2015 12:00am

Karachi operation

Prime Minister Nawaz Sharif has reportedly reaffirmed his resolve that Karachi, a city of teeming millions, will be made a crime-free city and the ongoing operation will continue to achieve this objective.

Published 23 Mar, 2015 12:00am

'Robo-advisor' growth hits Wall Street money managers

When it comes to investment advice, would you trust a financial professional or a robot?

Published 23 Mar, 2015 12:00am

Currency hedging takes on new importance for global stock funds

As the dollar surged in the last 12 months, David Marcus, head of the Evermore Global Value fund, steadily increased his stake in Europe. He now has 60 percent of his portfolio invested in companies in the euro zone, the largest stake among any global fun

Published 23 Mar, 2015 12:00am

Citing foreign media to prove performance!

The political atmosphere in the country during the past week has manifested itself in the economy as a major fall in the stock exchanges. Reports indicate that the Karachi Stock Market index of 100 major companies declined to 31,524.98 points in March fro

Published 23 Mar, 2015 12:00am

The thinking Obama

In 2006, when the Americans executed Saddam Hussein and buried him at Al-Awja in Tikrit they did not know he was a seed - eight years on to sprout as the Islamic State. He was a secular leader having no great longing to be a practising Muslim, but his pow

Published 23 Mar, 2015 12:00am

The common interest

The Council of Common Interest (CCI) met under the chairmanship of the Prime Minister, as required by the constitution, and decided to hold the population and housing census in March next year. The Population Census Organisation (PCO) on its website maint

Published 23 Mar, 2015 12:00am

No Amazon? No problem for e-commerce pioneers

For Shayaan Tahir, it all began when an order he placed on Amazon for a new iPod was rejected because the online giant would not deliver electronics to Pakistan. Frustrated, he decided to take matters into his own hands and founded one of Pakistan's first

Published 23 Mar, 2015 12:00am

'Colours of Punjab' to open on March 24

A solo painting exhibition "Colours of Punjab" by famous artist Salim Ansari will open here at Jharoka Art Gallery on March 24 (Tuesday) as a part of activities to mark Pakistan Day. The Lahore-based artist, who has to his credit a number of solo and grou

Published 23 Mar, 2015 12:00am

Students urged to link theoretical ideas with practical world approach

Two-day "Youth Entrepreneurs Festival 2015" organized by the Institute of Business Administration (IBA), University of Sindh Jamshoro in order to create awareness among the newly admitted students of Business Administration concluded here on Sunday.

Published 23 Mar, 2015 12:00am

SU, City University sign MoU

The University of Sindh (SU) Jamshoro and the City University (CityU) of Hong Kong signed a Memorandum of Understanding (MoU) on Sunday to establish co-operative relations between the two institutions.

Published 23 Mar, 2015 12:00am

Karachi situation being politicised: Sherpao

Qaumi Watan Party (QWP) chief Aftab Sherpao has said that the situation of Karachi is being politicised whereas action should be taken against those who are involved in extortion, kidnapping for ransom and target killings. Talking to media persons here on

Published 23 Mar, 2015 12:00am

MRC demands CJ, HRCP to play role in prevention of Mohajirs' genocide

The Mohajir Rabita Council (MRC) Executive Committee has said the ongoing targeted operation meant to curb crimes and eliminate criminals was deliberately diverted against the Mohajirs under which the genocide of Mohajir was being conducted.

Published 23 Mar, 2015 12:00am

Speakers urge for steps to stop seawater intrusion into coastal areas

Speakers have said that vast coastal areas in Sindh province have been intruded by seawater disturbing the livelihood of common man as required amount of water to downstream and delta is not being released.

Published 23 Mar, 2015 12:00am

Gas pipeline blown up in Dera Allah Yar

A 14-inch-diameter pipeline in Dera Allah Yar was blown up on Sunday by unknown miscreants. According to sources, unidentified militants targeted the pipeline by planting explosives near it which blasted with a loud noise. Security forces have geared up t

Published 23 Mar, 2015 12:00am

Mushahidullah elected GSLEP Chairman

Federal Minister for Climate Change, Mushahid Ullah Khan has been elected chairman of the Global Snow Leopard and Ecosystem Protection (GSLEP) programme after representatives of 12 snow leopard range countries, where snow leopard is found, voted in favour

Published 23 Mar, 2015 12:00am

Pakistan pin hopes on struggling next generation

Pakistan will pin their hopes on the next generation after their World Cup campaign ended with a quarter-final exit to Australia but with departing skipper Misbah-ul-Haq warning the team is not up to international scratch.

Published 23 Mar, 2015 12:00am

Degenkolb wins Milan-San Remo one-day classic

Germany's John Degenkolb dominated a bunch sprint to win the 106th edition of the Milan-San Remo one day classic, held over 293km, on Sunday. Degenkolb, of Team-Giant, finished nearly a bike's length ahead of defending champion Alexander Kristoff of Norwa

Published 23 Mar, 2015 12:00am

Federer to face Djokovic in blockbuster final

Roger Federer roared into the final of the ATP Indian Wells Masters Saturday where he will face Novak Djokovic in a blockbuster showdown between the world's top two players. Federer's remarkable run at Indian Wells continued with a 7-5, 6-4 demolition of

Published 23 Mar, 2015 12:00am

Gayle rules out retirement, plans World T20 assault

Chris Gayle intends to keep playing international cricket with his eyes on the 2016 World Twenty20 but admitted his back injury will sideline him from next month's Test series against England. The 35-year-old Jamaican hit a typically flamboyant 33-ball 61

Published 23 Mar, 2015 12:00am

Sweet 16 for Tevez as Juve down Genoa

Carlos Tevez took his Serie A goals tally this season to 16 as Juventus opened up a 17-point gap on closest challengers Roma thanks to a hard-fought 1-0 win over Genoa on Sunday. Genoa travelled to Turin with faint hopes of taking a share of the spoils fr

Published 23 Mar, 2015 12:00am

Maxwell wants SCG to be green and mean

Australia batting star Glenn Maxwell wants the Sydney Cricket Ground to be mean and green for Thursday's World Cup semi-final against India despite the pitch's reputation as a spinners' paradise. Maxwell believes home field advantage could be key as the c

Published 23 Mar, 2015 12:00am

Chelsea beat valiant Hull to go six points clear

Chelsea regained their six-point lead over Manchester City at the top of the Premier League table and took a step closer to the title thanks to a hard-fought 3-2 victory at Hull City on Sunday. Eden Hazard's thumping strike gave Chelsea the advantage insi

Published 23 Mar, 2015 12:00am

Gerrard off as Mata brace ends Liverpool run

Steven Gerrard's last game against Manchester United ended with an ignominious red card as Juan Mata's superb double condemned Liverpool to a 2-1 defeat at Anfield on Sunday. In his final appearance against his club's eternal foes before leaving for the L

Published 23 Mar, 2015 12:00am

Hirscher wins slalom globe as Neureuther bombs

Marcel Hirscher crowned a superb season-ending World Cup finals by winning the men's slalom and the discipline's crystal globe on Sunday. Hirscher, who had already won the giant slalom globe, claimed a record fourth consecutive overall title by default Sa

Published 23 Mar, 2015 12:00am

South Africa ready to journey into the 'unknown', says Miller

South Africa batsman David Miller believes his side are ready for a journey into the "unknown" when they face New Zealand in a World Cup semi-final in Auckland on Tuesday. Since being allowed into cricket's showpiece event in 1992 ahead of the collapse of

Published 23 Mar, 2015 12:00am

New Zealand coach looking forward to semi-final showdown

The four best teams have made the semi-finals of the World Cup and New Zealand's clash with South Africa at Eden Park is going to be 'one heck of a show', according to coach Mike Hesson. Hesson's side advanced to their third successive semi-final, and sev

Published 23 Mar, 2015 12:00am

Hidden paths could be behind Antarctic glacier melt: study

Scientists have discovered two pathways that are likely channelling warm ocean water under a massive Antarctic glacier, which could contribute to rising global sea levels, a study revealed on March 17. The 120-kilometre (75 miles) long Totten Glacier, mor

Published 23 Mar, 2015 12:00am

Studies boost hopes for new class of cholesterol medicines

New research boosts hope that a highly anticipated, experimental class of cholesterol drugs can greatly lower the risk for heart attacks, death and other heart-related problems. The U.S. government will decide this summer whether to allow two of these dru

Published 23 Mar, 2015 12:00am

Breastfeeding leads to higher IQ, earnings: study

People breastfed as infants have higher intelligence scores in adulthood, and higher earnings, according to a study on March 18, that tracked the development of 3,500 new-borns over 30 years. Whether a mother was rich or poor, or had high or low social st

Published 23 Mar, 2015 12:00am

Half a million babies die each year in unhygienic hospitals

Over a third of hospitals and clinics in developing countries have nowhere for staff or patients to wash with soap, and almost 40 percent have no source of water, according to a WHO-backed international review published on March 17.

Published 23 Mar, 2015 12:00am

Milky Way may host billions of planets in 'habitable' zones

The Milky Way galaxy may be home to billions of planets orbiting their host stars in a "habitable zone" where life could theoretically exist, researchers said on March 18. NASA's Kepler space telescope, launched in 2009 to search for so-called "exoplanets

Published 23 Mar, 2015 12:00am

Arctic sea ice hits record low

Arctic sea ice has reached its lowest winter point since satellite observations began in the late 1970s, raising concerns about faster ice melt and rising seas due to global warming, US officials said on March 19. The maximum extent of sea ice observed wa

Published 23 Mar, 2015 12:00am

Time now to act on looming water crisis, UN warns

Without reforms, the world will be plunged into a water crisis that could be crippling for hot, dry countries, the United Nations warned on March 20. In an annual report, the UN said abuse of water was now so great that on current trends, the world will f

Published 23 Mar, 2015 12:00am

China Telecom's full-year profit misses

China Telecom Corp Ltd reported a lower-than-expected profit of 17.68 billion yuan ($2.83 billion) in 2014, roughly unchanged from a year earlier, as the smallest of the country's three carriers struggled with the effects of a new value-added tax (VAT) im

Published 23 Mar, 2015 12:00am

Boeing eyes satellite deal with tech giant this year

Boeing Co on March 16 said it could clinch a deal this year to build a high-throughput communications satellite for top technology companies such as Google Inc, Amazon.com Inc, Facebook Inc or Apple Inc. Jim Simpson, vice president of business development

Published 23 Mar, 2015 12:00am

Japan Inc wage hikes not enough to meet higher cost of living: poll

Most Japanese firms plan to raise salaries by at least the same degree as last year, but even two years of wage hikes will not be enough to compensate workers for increases in the cost of living, a Reuters poll showed.

Published 23 Mar, 2015 12:00am

GM's Opel unit to withdraw from Russian market

Opel, the European arm of US auto giant General Motors, announced on March 18, it will withdraw from the Russian market, where its sales are falling, and will close its factory in St Petersburg.

Published 23 Mar, 2015 12:00am

Next cautious on new year as annual profits rise

British clothing retailer Next met guidance with a 12.5 percent rise in year profit, powered by sales growth at both its stores and Directory internet business, though it took a cautious view of the outlook for the 2015-16 year. The firm, which trades fro

Published 23 Mar, 2015 12:00am

MONDAY MARCH 16: Prime Minister terms it an attack on state

Published 23 Mar, 2015 12:00am

Next cautious on new year as annual profits rise

Published 23 Mar, 2015 12:00am

MONDAY MARCH 16: Bomb blasts at Lahore churches: 15 killed, 80 injured; two suspects lynched by mob

Published 23 Mar, 2015 12:00am

FedEx third quarter profit jumps

Package delivery company FedEx Corp reported a better-than-expected quarterly net profit on March 18, driven by higher package volumes, but forecast full-year profit below analyst forecasts. Memphis-based FedEx also said fuel expenses were reduced by 30 p

Published 23 Mar, 2015 12:00am

TUESDAY MARCH 17: Rangers deployed in Lahore after protest turns violent

Published 23 Mar, 2015 12:00am

FedEx third quarter profit jumps

Published 23 Mar, 2015 12:00am

TUESDAY MARCH 17: Nisar says violent protests facilitating terrorist agenda

Published 23 Mar, 2015 12:00am

Glencore hires new Singapore head, crude oil boss retires

Glencore's powerful oil trading division is undergoing a rare reshuffle after 20-year veteran executive Louis Alvarez retired, while the former head of BP's Asian trading arm has been hired to head the firm's Singapore-based operations.

Published 23 Mar, 2015 12:00am

WEDNESDAY MARCH 18: PTI 'economist' smells a rat

Published 23 Mar, 2015 12:00am

BHP Billiton to spin off South32 with little debt

BHP Billiton has positioned its South32 spin-off for future growth, tipping in much less debt than expected to the new company made up of BHP's unloved assets when it lists in May. The world's biggest miner released documents on March 17 detailing the per

Published 23 Mar, 2015 12:00am

WEDNESDAY MARCH 18: LNG pricing: Qatari ruler may seal the deal himself

Published 23 Mar, 2015 12:00am

Backups: How to secure your smartphone or tablet data

Suddenly there's a splash. The smartphone you put down at the edge of the sink has slipped into the water and the fastest reactions are of no avail. It's bad news, but it doesn't mean all your data has to be lost.

Published 23 Mar, 2015 12:00am

THURSDAY MARCH 19: Threatening statements: British HC asked to rein in Altaf

Published 23 Mar, 2015 12:00am

All new EU cars will need emergency call technology from 2018

All new cars sold in the European Union from March 2018 will have to be equipped with technology to contact emergency services in the case of an accident. The European Parliament's Internal Market and Consumer Protection Committee voted 26-3 on Tuesday in

Published 23 Mar, 2015 12:00am

THURSDAY MARCH 19: Nine more hanged; EU condemns executions

Published 23 Mar, 2015 12:00am

Data-equipped spectacles used to show subtitles at movies

Most movies screened in Germany are dubbed into German, but that creates a problem for the deaf or hearing-impaired, since they cannot rely on the subtitles shown in many other nations. Researchers at the University of Applied Sciences in Zwickau, Germany

Published 23 Mar, 2015 12:00am

FRIDAY MARCH 20: Executions won't affect GSP+ status: foreign office

Published 23 Mar, 2015 12:00am

Thirty percent of US adults try to shield cyber info: poll

Thirty percent of adults in the United States have taken steps to hide their information from government surveillance programs monitoring phone and electronic communications, a Pew Research Center survey said on Monday.

Published 23 Mar, 2015 12:00am

FRIDAY MARCH 20: MQM woes deepen

Published 23 Mar, 2015 12:00am

Sony launches US subscription TV, competing with cable

Sony announced Wednesday it was launching an Internet subscription television service that includes live feeds from major broadcast networks, mounting a challenge to the cable TV model. PlayStation Vue, a cloud-based TV service, will initially be availabl

Published 23 Mar, 2015 12:00am

SATURDAY MARCH 21: Sell-off of PIA shares inevitable: Nawaz

Published 23 Mar, 2015 12:00am

Americans eye ways to skirt online snooping: survey

Americans have been stepping up efforts to keep their data private since the revelations about vast US government surveillance programs, a survey showed Monday. The Pew Research Center survey showed 30 percent of US adults had taken steps to shield their

Published 23 Mar, 2015 12:00am

SATURDAY MARCH 21: Ministry allowed to supply LNG to fertilizer sector

Published 23 Mar, 2015 12:00am

IBM offers businesses data mining of Twitter

IBM on Tuesday introduced its first cloud-based data-mining and -analysis services that have arisen out of its new partnership with Twitter. The US technology giant is offering to trawl through Tweets posted on the micro-blogging site, evaluate and analys

Published 23 Mar, 2015 12:00am

SUNDAY MARCH 22: Policy rate cut by 50 basis points to 8 percent on lower inflation outlook

Published 23 Mar, 2015 12:00am

Windows 10 devices to allow sign in with face, iris

The new Windows 10 operating system will allow users to sign in to a device without a password by using biometrics, including facial recognition, Microsoft announced Tuesday. Microsoft said its Windows Hello feature will support biometric authentication a

Published 23 Mar, 2015 12:00am

SUNDAY MARCH 22: PM explains criticality of country's financial, economic hub: 'Karachi operation against no political party'

Published 23 Mar, 2015 12:00am

Set up a modern home cinema with your old AV receiver

Using HDMI connectors is the easiest way to pull all the components of your home cinema unit together. But, just because you've got an older receiver without any HDMI ports, that doesn't mean you've got to run out and buy a new unit.

Published 23 Mar, 2015 12:00am

How to prevent drain in a smartphone battery

Network use, videos, messaging - all are a drag on a smartphone's battery. To reduce drain, users should take advantage of all of the energy-saving functions of their device, Germany's Mobile Phone Information Centre (IZMF) advises.

Published 23 Mar, 2015 12:00am

Android 5.1 supports dual SIMs & HD telephone calls

Support for multiple SIM cards and high-definition sound in telephone calls are two of the features Google has announced will be included in the pending update of its Android 5.1 system, the successor to Lollipop.

Published 23 Mar, 2015 12:00am

Absolute privacy on Whatsapp difficult to achieve, Chip reports

Private messaging service Whatsapp has never sold its user data on to advertisers, but some German users think it is wise be on the safe side, just in case that policy changes. But it's not easy to do so, reports German computer magazine Chip. Finding the

Published 23 Mar, 2015 12:00am

No response to Bangladesh sugar tender amid low prices

Bangladesh Sugar and Food Industries Corp said on Sunday it received no bids for the export of 75,000 tonnes of sugar in an international tender to the European Union, amid low global prices. The state agency typically imports white sugar to build its res

Published 23 Mar, 2015 12:00am

US developer buys home of Paris nightclub Le Queen

New York-based property developer Thor Equities has bought the building that houses one of French nightlife's best-known clubs, Le Queen, formerly Le Central, on the Champs-Elysees in Paris, the Financial Times reported. The newspaper cited Thor chief exe

Published 23 Mar, 2015 12:00am

Sinopec posts first quarterly loss as listed company

Sinopec Corp posted its first quarterly loss since becoming a public company in 2000, hit by a slide in global crude oil prices and flagging domestic demand. Asia's largest refiner said in a separate statement on Sunday it expected that impact to continue

Published 23 Mar, 2015 12:00am

Weaker euro works in ECB's favour, but for how long?

The weaker euro, which could approach parity with the US dollar, is making the European Central Bank's task of kick-starting the eurozone economy easier. But the feel-good effects could turn sour if the euro's decline in value becomes too pronounced too q

Published 23 Mar, 2015 12:00am

UAE's Ajman Bank agrees $155 million syndicated Islamic loan

Ajman Bank, the United Arab Emirates' lender, has secured a $155 million syndicated Islamic loan for general business purposes, according to a statement from the arranger of the deal on Sunday. Dubai-based Noor Bank acted as the sole arranger and bookrunn

Published 23 Mar, 2015 12:00am

Lufthansa says services back to normal after pilots' strike

German airline Lufthansa said Sunday that its services were more or less back to normal after a four-day walkout by pilots, but unions warned of further disruptions, possibly over the Easter holidays. A Lufthansa spokesman said short and medium haul fligh

Published 23 Mar, 2015 12:00am

US court authorises Citigroup to process Argentine bond payments

Citigroup Inc has been authorised by a US judge to process two Argentine debt payments, the bank said, which could ease tensions between the bank and the default-hit nation. The US bank, which acts as custodian of some Argentine bonds, has been embroiled

Published 23 Mar, 2015 12:00am

US court authorises Citigroup to process Argentine bond payments

Published 23 Mar, 2015 12:00am

China sees bright spots in slowing economy: vice premier

China's economy faces increased downward pressure this year but the slowdown is stabilising, with employment and services among the bright spots, Vice Premier Zhang Gaoli said on Sunday. Weighed down by a property downturn, factory overcapacity and local

Published 23 Mar, 2015 12:00am

Indian regulator eases rules for banks to convert bad loans to equity

Indian banks will be able to convert distressed loans owed by listed companies into equity stakes, the capital market regulator said on Sunday, in a move that will allow lenders to reduce bad loans weighing on their balance sheets. India's bad loans have

Published 23 Mar, 2015 12:00am

Indian regulator eases rules for banks to convert bad loans to equity

Published 23 Mar, 2015 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 17	278.30
USD PKR Interbank Buying / May 17	278.10
USD to Japanese Yen / May 17	155.67
USD to Swiss Franc / May 17	0.91
Pound Sterling to USD / May 17	1.27
Euro to USD / May 17	1.09

Stock	Volume
S&P 500 / May 16	5297.10
Nasdaq / May 16	16698.32
Dow Jones / May 16	39869.38
India Sensex / May 17	73946.83
Tokyo Nikkei / May 17	38787.38
Hang Seng / May 17	19525.75
FTSE 100 / May 17	8430.62
Germany DAX 30 / May 17	18692.83

Item	Value
Crude Oil USD/Barrel / May 17	79.59
Karachi Cotton PKR/37.32 KG / May 17	19935
Gold 10 Grams PKR / May 17	210048
Gold Spot USD/Ounce / May 17	2386.18
Cotton US¢/pound / May 17	76.29
Petrol/Litre / May 18	273.10

Gainers
Losers
Leaders

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

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

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

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