News Archives for Print - 2015-05-18

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Print - 2015-05-18

The Weather

The weather report on Sunday (May 17, 2015) and the forecast for Monday (May 18, 2015).

Published 18 May, 2015 12:00am

Returns on Profit and Loss Sharing Investment Bank Accounts (JULY TO DECEMBER 2014)

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

Published 18 May, 2015 12:00am

Currency

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (May 11 to 15, 2015).

Published 18 May, 2015 12:00am

Aaj TV - Monday's schedule

All timings are in PST (Pakistan Standard Time).

Published 18 May, 2015 12:00am

Food grains, other kitchen items witness modest increase in prices

A modest increase in prices of food grains and other essential kitchen items registered during the preceding week, according to weekly survey conducted by Business Recorder here on Sunday. According to survey, the prices of essential items during t

Published 18 May, 2015 12:00am

Tri-Party Alliance to remain intact after LB polls: Hoti

Former chief minister and provincial president ANP KP, Ameer Haider Khan Hoti has said that Tri-Party Alliance will remained intact even after local bodies' polls and with the mutual unity Pakhtuns will send pack Tsunami back to Bani Gala. Addressing an e

Published 18 May, 2015 12:00am

Ministry seeks Hajj applications by June 1

Ministry of Religious Affairs and Interfaith Harmony has directed the corporate entities/public sector organisations to submit their sponsored Hajj applications by June 1. The corporate entities, public sector organisations have been asked to furnish the

Published 18 May, 2015 12:00am

Working group proposes withdrawal of tax exemptions on tobacco products

A technical working group of Ministry of Health on tobacco taxation comprising experts from Federal Board of Revenue (FBR) and other organisations has proposed withdrawal of tax exemption on tobacco products provided to Navy, President of Pakistan, Presid

Published 18 May, 2015 12:00am

Brief recordings

'Documentation of property can get economy on the right track' - Nasim Beg, Non-Executive Chairman, Arif Habib Dolmen REIT Management Company Limited

Published 18 May, 2015 12:00am

Brief recordings

'Documentation of property can get economy on the right track' - Nasim Beg, Non-Executive Chairman, Arif Habib Dolmen REIT Management Company Limited

Published 18 May, 2015 12:00am

Reforms in Pakistani capital market - II

With the introduction of the code of corporate governance in 2012 applied to all listed companies as a part of stock exchange regulations. This code also incorporated international best practices and standards to ensure transparency and good governance.

Published 18 May, 2015 12:00am

Currency

The PKR debate

On Friday May 15, Business Recorder readers came across a report "Overvalued PKR hurting exports, NA body told".

Published 18 May, 2015 12:00am

Currency

Germany urges Greece to undertake reforms to unlock funds

German politicians kept up the pressure on Greece over the weekend to implement reforms, with Economy Minister Sigmar Gabriel warning Athens in an interview that a third aid package would not be on the cards unless the Greeks made some changes.

Published 18 May, 2015 12:00am

The IMF came a calling

The International Monetary Fund (IMF) mission chief for Pakistan Harald Finger arrived in Pakistan for the final day of the seventh review and thereafter held a joint press conference with Federal Finance Minister Ishaq Dar this week past. The two men pro

Published 18 May, 2015 12:00am

The 'Green Line' chugs along

A new Islamabad to Karachi train service, 'Green Line', was inaugurated by Prime Minister Nawaz Sharif on Friday amid much fanfare. The travel time (23 hours from departure to final destination) and fare are about the same as those of normal express train

Published 18 May, 2015 12:00am

The Karachi challenge

Addressing a workshop arranged by the National Defence University, Corps Commander Karachi Lieutenant-General Naveed Mukhtar meticulously articulated his analysis of the problems faced by people in Karachi. He is on the ball when he says that infrastructu

Published 18 May, 2015 12:00am

Currency

Cost, not risk, is the issue

It must be frustrating for the economists/researchers in the State Bank of Pakistan that its Second Quarterly Report on the current financial year (2014-15) has been issued after five months. In fact, the Third Quarterly Report--from January to March-- is

Published 18 May, 2015 12:00am

UN envoy urges extension of Yemen humanitarian truce

A UN envoy called for an extension of a five-day humanitarian cease-fire in Yemen due to expire on Sunday as the Houthi Shia rebels boycotted political talks in Riyadh. The appeal followed clashes between rebels and pro-government forces across south Yeme

Published 18 May, 2015 12:00am

Briton among three killed in Taliban attack on EU vehicle in Kabul

A British security contractor and two teenage girls were killed Sunday when a Taliban insurgent rammed an explosives-laden car into a European Union police vehicle in Kabul, the latest attack of Afghanistan's fighting season.

Published 18 May, 2015 12:00am

Clashes as Israel marks 1967 east Jerusalem capture

Israeli nationalists and police clashed with Palestinians in occupied east Jerusalem on Sunday as crowds of Jewish hard-liners marched across the city to mark the 48th anniversary of its capture. Known as Jerusalem Day, the anniversary marks the seizure i

Published 18 May, 2015 12:00am

Chinx, New York rapper with dark street tales, killed

Chinx, the New York rapper who won a growing following by turning his bleak experiences as a drug-dealer into verse, was shot dead Sunday. He was 31. The rapper - whose works included a series of mixtapes with the prophetic title "Hurry Up and Die" - was

Published 18 May, 2015 12:00am

Nepal's Prime Minister appeals for $2 billion to rebuild country after quakes KATHMANDU: Nepal's prime minister on Sunday appealed for $2 billion to rebuild his country, shattered by two massive earthquakes in three weeks that have killed thousands and de

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AFP text, photos, graphics and logos shall not be reproduced, published, broadcast, rewritten for broadcast or publication or redistributed directly or i

Published 18 May, 2015 12:00am

400 Europe-bound migrants held in Libya dawn raid

Libyan authorities arrested 400 illegal migrants, including several pregnant women, at dawn on Sunday as they prepared to board boats for Europe, officials said. Most of the migrants were Somalis and Ethiopians and included "pregnant women", said Mohammed

Published 18 May, 2015 12:00am

Malaysia presses Myanmar to help solve migrant crisis

Malaysia on Sunday pressed Myanmar to engage in talks on Southeast Asia's boat-people influx, warning it may otherwise call an emergency meeting on the unfolding humanitarian crisis. "If necessary, we will call for an emergency (regional) meeting," Foreig

Published 18 May, 2015 12:00am

Protesters vow to force out Macedonia PM as crisis deepens

Macedonia's opposition vowed to continue street protests after 20,000 people marched through the capital Skopje on Sunday demanding that the country's embattled Prime Minister Nikola Gruevski step down. With the small Balkan country divided by a deep poli

Published 18 May, 2015 12:00am

Prime Minister's visit to BBIAP: CAA makes abrupt changes to schedule of eight flights

The Civil Aviation Authority (CAA) has made abrupt changes to the schedule of eight flights in the wake of Prime Minister Nawaz Sharif's visit to Benazir Bhutto International Airport (BBIAP), Islamabad, on May 18.

Published 18 May, 2015 12:00am

Prevention of Electronic Crimes Bill: NA panel on info tech to meet on May 20

The National Assembly Standing Committee on Information Technology will meet on Wednesday to analyse the proposed amendments/suggestions received from general public/stakeholders on the proposed controversial "Prevention of Electronic Crimes Bill, 2015 (P

Published 18 May, 2015 12:00am

APTMA team calls on Zardari

A 15-member delegation of the All Pakistan Textile Mills Association (APTMA) called on former President Asif Ali Zardari at Zardari House, Islamabad on Sunday evening.

Published 18 May, 2015 12:00am

JI urges government not to make CPEC controversial

Secretary General Jamaat-e-Islami (JI), Liaquat Baloch has asked federal government not to make China Pakistan Economic Corridor (CPEC) controversial like Kalabagh Dam and avoids talking benefit of Punjab province only.

Published 18 May, 2015 12:00am

PIA asked to respond to complaints received by GCC

Civil Aviation Authority (CAA) has solicited the Pakistan International Airline (PIA) about a necessary action for resolving complaints launched by overseas Pakistanis at Grievance Commissioner Cell (GCC); it was learnt here on Saturday.

Published 18 May, 2015 12:00am

Sindh government fails to protect life and property of citizens: Jatoi

Federal Minister for Industries and Production Ghulam Murtaza Jatoi has said that though after 18th amendments, more authority and powers were devolved to the provinces, the performance of Sindh government was not satisfactory and even it failed in protec

Published 18 May, 2015 12:00am

Suit filed against PSM: Notices issued to CEO, others

Sindh High Court (SHC) has accepted for regular hearing a defamation suit of Rs200 million against Pakistan Steel Mills filed by proprietor of Reliable Hospital Supply Kausar Perveen. While admitting the plea for regular hearing, SHC issued summon notices

Published 18 May, 2015 12:00am

GHB organises painting, calligraphy contest

The Gandhara Hindko Board (GHB) organized a painting and calligraphy contest, at its academy to highlight various aspects of the rich culture of Peshawar. The contestants, both boys and girls, used water colours to spotlight the tangible heritage of Pesha

Published 18 May, 2015 12:00am

Sehat Ka Ittehad: anti-polio drive begins today

Under the "Sehat Ka Ittehad" programme, an Anti-polio campaign kicked off in Khyber Pakhtunkhwa from today (Monday). The drive will be carried out in eleven selected districts of the province including Bannu, Charsadda, D.I.Khan, Hangu, Karak, Lakki Marwa

Published 18 May, 2015 12:00am

Bodyguard of MPA shot dead

Official bodyguard of Balochistan MPA Asim Kurd has on Sunday been gunned down by unidentified bike-riders in Quetta. According to police, Levies official Khadim Hussain was gunned down at Saryab Road. The bike-riders opened fire suddenly and Khadim Hussa

Published 18 May, 2015 12:00am

Security plans for markets being chalked out : DIG

Deputy Inspector General (DIG) South Zone Dr Jameel Ahmed has said that co-ordination between police and traders will help in providing security to markets and shopping centres on modern and scientific basis. He was talking to a 15-member traders' delegat

Published 18 May, 2015 12:00am

Breakup fears for massive Antarctic ice shelf: study

The largest ice shelf in the Antarctic peninsula is being thinned by warmer seas and air and could catastrophically break up, scientists said on May 13. The loss of the Larsen C ice shelf could occur within a century but an earlier collapse cannot be rule

Published 18 May, 2015 12:00am

Sick in winter but healthy in summer? Blame your genes

Nearly a quarter of our genes change how active they are according to the season, which may explain why people are more prone to illness in winter rather than summer, scientists said on May 13. In a study published in the journal Nature Communications, th

Published 18 May, 2015 12:00am

'Sea level rise accelerating, not declining'

Sea level rise is accelerating, not declining as some have hoped, scientists said on May 11 citing meltwater from Earth's ice sheets as the likely cause. In 2013, the UN's Intergovernmental Panel on Climate Change (IPCC) said the global mean sea level ros

Published 18 May, 2015 12:00am

Vitamin B3 reduces risk of skin cancer

A certain type of vitamin B3 may help reduce the risk of non-melanoma skin cancers by 23 percent, according to research released on May 13 ahead of a major US cancer conference. Known as nicotinamide, the vitamin supplement was shown to enhance DNA repair

Published 18 May, 2015 12:00am

El Nino will be 'substantial', warn Australian scientists

Australian scientists on May 12 forecast a "substantial" El Nino weather phenomenon for 2015, potentially spelling deadly and costly climate extremes, after officially declaring its onset in the tropical Pacific.

Published 18 May, 2015 12:00am

Mischief makers prompt Google to halt public map edits

Google on Monday said it is sidelining its crowd-sourced map making tool to implement a way to prevent bogus edits, some of which have proven embarrassing. The Map Maker service will be "temporarily unavailable" beginning Tuesday, according to a message p

Published 18 May, 2015 12:00am

Renewable energy vital for Internet lifestyles: Greenpeace

A Greenpeace report released on Tuesday charged utilities with hampering efforts to use renewable energy to power data centers needed for services hosted in the cloud. Greenpeace praised moves made by Apple, Google and other Internet titans to fill a skyr

Published 18 May, 2015 12:00am

Facebook dives deep into news with publisher deal

Facebook moved deeper into the media business Wednesday by crafting a deal with news publishers which allows the social network to deliver articles directly to readers. The long-anticipated move by Facebook means it will host news items on its servers to

Published 18 May, 2015 12:00am

Google self-driving prototype cars to hit public roads

Google announced Friday its self-driving prototype cars were ready to leave the test track and hit public roads in California, in a step forward for its autonomous automobile program. The move comes after Google's internal testing of the bubble-shaped veh

Published 18 May, 2015 12:00am

Le Monde launches morning edition for mobile devices

French newspaper Le Monde is bucking seven decades of tradition of being an afternoon daily to start offering a morning publication - but only on mobile devices. The new electronic edition, to be known as La Matinale, is squarely aimed at a younger market

Published 18 May, 2015 12:00am

Microsoft's Bing search engine to go 'mobile friendly'

Microsoft said Thursday its Bing search engine would be reconfigured to give more prominence to "mobile-friendly" websites, an acknowledgement of the growing importance of smartphones and other mobile devices. The announcement comes just weeks after Googl

Published 18 May, 2015 12:00am

Siri can help reunite lost iPhone with its owner

When somebody finds a lost phone, the device doesn't usually reveal who its owner is, especially if it's locked with a passcode. However, it's different for an iPhone or iPad equipped with the voice assistant Siri. In that case it's quite easy to find the

Published 18 May, 2015 12:00am

Applying tags to photos makes searching easier

If you have your digital photos in a lot of different folders on a Windows computer, it can be difficult to quickly find a particular person, subject or place because you can't look at all the photos at once. The hard work is taken out of searching if you

Published 18 May, 2015 12:00am

Download your own search history from Google

Some things you mightn't want to remember. For example, that three years ago you searched on Google for tickets for a concert that you now find embarrassing. Or would you like to know about it? No problem - Google allows you to download your own search hi

Published 18 May, 2015 12:00am

Skype opens door to real-time translation feature

Microsoft-owned Skype on Tuesday cleared the way for anyone to use a new feature that translates video chats or instant messages in real time. People no longer need to sign-up to use a preview version of Skype Translator, which handles spoken English, Spa

Published 18 May, 2015 12:00am

SoftBank profit betters expectations but caution on Sprint stays

SoftBank Corp's profit last year beat its own forecast and edged ahead of analysts' estimates but the Japanese telecoms conglomerate skipped issuing a forecast for the current year, showing it was still cautious about its US unit Sprint.

Published 18 May, 2015 12:00am

Korean Air loss narrows in first quarter

South Korea's largest carrier Korean Air said on May 14 its net loss narrowed in the first quarter of this year, as operating profit surged from a year ago thanks to low oil prices. The consolidated net loss for January to March stood at 133.1 billion won

Published 18 May, 2015 12:00am

Kuwait's Zain posts 26.6 percent fall in first quarter profits

Kuwaiti telecommunications giant Zain said on May 12 its net profit for the first quarter of 2015 dived 26.6 percent over negative performance in Iraq and losses by its Saudi unit.

Published 18 May, 2015 12:00am

LATAM Airlines posts surprise loss in first quarter

LATAM Airlines, Latin America's largest airline, posted a surprise net loss in the first quarter due to a weaker Brazilian real, but said operational results and margins had strongly improved. The net loss of just under $40 million in the three months to

Published 18 May, 2015 12:00am

Singtel profit rise five percent as customers use more data

Singapore Telecommunications Ltd, Southeast Asia's largest telecommunications operator, posted a 4.5 percent rise in fourth-quarter net profit, helped by growth in customers and data services at its regional mobile associates.

Published 18 May, 2015 12:00am

IDB puts Islamic finance on AIIB drawing board

The Islamic Development Bank (IDB) is in discussions with Chinese officials to study the use of Islamic financing in the planned Asian Infrastructure Investment Bank (AIIB), the head of the Jeddah-based multilateral lender told Reuters.

Published 18 May, 2015 12:00am

Cisco profit edges past estimates despite weak telecom spending

Cisco Systems Inc's quarterly profit edged past market estimates as demand for new switches, routers, wireless gear and servers made up for sluggish spending by telecom customers and weak sales in emerging markets.

Published 18 May, 2015 12:00am

Cisco profit edges past estimates despite weak telecom spending

Published 18 May, 2015 12:00am

HKEx profits surge on stock connect as 'core market' status beckons

Bumper trading volumes boosted Hong Kong's exchange operator's first-quarter profits by a third, in a sign the exchange is moving to a 'new normal' level of activity that could cement its place among the world's top stock markets.

Published 18 May, 2015 12:00am

Deutsche Telekom first quarter helped by weak euro, US

Deutsche Telekom beat expectations with an 11 percent rise in quarterly profit helped by its US operations and the weak euro.

Published 18 May, 2015 12:00am

Deutsche Telekom first quarter helped by weak euro, US

Deutsche Telekom beat expectations with an 11 percent rise in quarterly profit helped by its US operations and the weak euro.

Published 18 May, 2015 12:00am

Djokovic wins fourth Italian Open

Top seed Novak Djokovic warmed up for the French Open with a comprehensive 6-4, 6-3 victory over Roger Federer to claim his fourth Italian Open title on Sunday. In the absence of seven-time champion Rafael Nadal, ousted in the quarter-finals, the Serbian

Published 18 May, 2015 12:00am

'Inflammatory' Pietersen comments hard to overlook: Strauss

Andrew Strauss said Sunday that "inflammatory comments" made by Kevin Pietersen in his controversial autobiography helped explain the star batsman's ongoing exile from the England team. Pietersen, England's leading all-time run-scorer across all formats,

Published 18 May, 2015 12:00am

City into Champions League group stage as Arsenal edge closer

Manchester City assured themselves of direct entry into next season's Champions League group stage on Sunday as Arsenal stayed on course for a top-three finish as well. City won 4-2 away to Swansea before third-placed Arsenal moved two points clear of Man

Published 18 May, 2015 12:00am

Sharapova warms up for French with third title in Rome

Russia's Maria Sharapova warmed up for the defence of her French Open title by securing her third Italian Open crown with a 4-6, 7-5, 6-1 win over Spain's Carla Suarez on Sunday. Suarez, bidding for only the second title of her career but first from the M

Published 18 May, 2015 12:00am

China sweep Japan to take Sudirman Cup

China won their sixth consecutive Sudirman Cup on Sunday, defeating Japan, which had reached the badminton tournament's finals for the first time. Thousands welcomed home team China with horns and drums as they entered and huddled to chants of "go China,

Published 18 May, 2015 12:00am

Lorenzo wins second successive MotoGP

Spain's two-time world champion Jorge Lorenzo won his second successive MotoGP on Sunday when he took the French race for the fifth time in his career at the Bugatti circuit in Le Mans. The 28-year-old coasted home ahead of Yamaha team-mate and championsh

Published 18 May, 2015 12:00am

Shanghai flop for sprint queen Fraser-Pryce

World and Olympic champion Shelly-Ann Fraser-Pryce finished just fifth in the Shanghai Diamond League 100m on Sunday in a setback to her bid for a third straight world title. In the season's second Diamond League meeting, David Oliver stormed to victory i

Published 18 May, 2015 12:00am

Serme sparks French revolution at British Open

Camille Serme caused a sensation on Sunday by becoming the first Frenchwoman ever to win the British Open title. The 26-year-old from Creteil, near Paris, who has never broken into the world's top four, was too physically fresh and tactically astute for h

Published 18 May, 2015 12:00am

Lacazette, Blanc take honours in French end-of-season awards

Lyon striker Alexandre Lacazette was named France's player of the year at a ceremony in Paris on Sunday as Paris Saint-Germain boss Laurent Blanc won the Ligue 1 coach of the year prize. Lacazette won the award, voted for by his peers, ahead of PSG trio Z

Published 18 May, 2015 12:00am

Jahangir Khan unveils squash 'rescue' mission

Pakistan's Jahangir Khan often described as the greatest squash player of all time, has outlined a new plan which he hopes will spark a revival of the sport in his homeland. It involves transforming a situation in which Pakistan, once by far squash's most

Published 18 May, 2015 12:00am

Brad Haddin quits one-dayers

Australia wicketkeeper Brad Haddin has decided to make March's World Cup final his last one-day international and announced his retirement from the format on Sunday. The 37-year-old, who will leave Australia for the two-test tour of West Indies and Ashes

Published 18 May, 2015 12:00am

Pakistan-Zimbabwe cricket series

Pakistan appointed a local umpire who survived a 2009 terrorist attack on the Sri Lankan team for their home series against Zimbabwe after cricket's governing body refused to send officials. Ahsan Raza, now 40, will officiate during the series featuring t

Published 18 May, 2015 12:00am

Vietnam opposes Chinese fishing ban

Vietnam said it resolutely opposes a Chinese ban on all fishing activities in a sea area that covers the Gulf of Tonkin, claiming the act to be a "worthless decision". The ban on all fishing activities between May 16 and August 1 violates international la

Published 18 May, 2015 12:00am

Low interest rates make saving nearly mission impossible

While borrowers rejoice at the ultra low and even negative interest rates in Europe, savers fret and life insurance companies and pension funds face what is virtually a mission impossible. Despite a spike in sovereign bond yields in the past couple of wee

Published 18 May, 2015 12:00am

Nippon Steel says seamless pipe demand to fall 20-30 percent

Nippon Steel & Sumitomo Metal Corp expects demand for seamless pipes used in oil drilling to fall by up to 30 percent this business year, but aims to offset most of the impact through lower fuel costs, a senior executive said. Nippon Steel, the world's se

Published 18 May, 2015 12:00am

Businessman Polonsky deported from Cambodia to Russia

Russian real estate tycoon Sergei Polonsky was deported from Cambodia to Russia on Sunday to face embezzlement charges after evading Russian law enforcement officials for nearly two years. A passenger plane carrying Polonsky landed at Moscow's Domodedovo

Published 18 May, 2015 12:00am

US Republicans claim enough votes to pass fast-track trade bill

Top Republicans predicted on Sunday that both chambers of Congress would muster the votes to pass the "fast-track" authority sought by President Barack Obama to negotiate major trade deals, despite opposition from Obama's fellow Democrats.

Published 18 May, 2015 12:00am

Production stalled at Renault, Fiat plants in Turkey

Assembly lines at two Turkish car plants part-owned by European carmakers Renault and Fiat remained at a standstill on Sunday as workers protested employment conditions. Workers late on Thursday began a protest at Turkey's largest car factory, run by Oyak

Published 18 May, 2015 12:00am

Rio Tinto to sell aluminium assets in $1 billion deal

Global miner Rio Tinto plans to sell some of its aluminium assets in a potential $1 billion deal, the Financial Times reported, reviving a sale plan for its Pacific Aluminium unit two years after it was cancelled.

Published 18 May, 2015 12:00am

ICBC Middle East plans benchmark dollar bond issue

Industrial and Commercial Bank of China, the country's largest bank by assets, plans to issue a US dollar-denominated benchmark bond through its branch in the Dubai International Financial Centre, sources aware of the matter said on Sunday. It would be th

Published 18 May, 2015 12:00am

ICBC Middle East plans benchmark dollar bond issue

Published 18 May, 2015 12:00am

Fitch to downgrade many European banks

Ratings agency Fitch will soon downgrade European banks en masse, possibly even at the start of the week, German newspaper Handelsblatt said, citing unnamed financial sources. In most cases the banks will be downgraded by between one and a maximum of four

Published 18 May, 2015 12:00am

Brazil's PetroRio to sell remaining Amazon stake to Rosneft

Brazilian oil company PetroRio has agreed to sell its 49 percent stake in Amazon oil and gas exploration blocks in the Solimoes Basin to Russian partner Rosneft for $55 million, a source familiar with talks told Reuters on Sunday. The deal, which still ne

Published 18 May, 2015 12:00am

Ukraine calls for debt restructuring to benefit foreign taxpayers

Ukrainian Finance Minister Natalia Yaresko said in a German newspaper interview that Kiev's foreign lenders should agree to a debt restructuring for the sake of German taxpayers.

Published 18 May, 2015 12:00am

India says it has bettered fiscal deficit target of 4.1 percent

India's finance ministry said in a statement Sunday that it had managed to better its fiscal and revenue deficit targets for the year 2014-15, as per provisional accounts for the year.

Published 18 May, 2015 12:00am

Modi in Mongolia seeking stronger ties in China's backyard

Indian Prime Minister Narendra Modi held talks Sunday with his counterpart during a visit to Mongolia, with the two nations upgrading relations as Delhi tries to strengthen its influence in China's backyard. Meeting Prime Minister Chimed Saikhanbileg, Mod

Published 18 May, 2015 12:00am

Greece warned of cash shortage ahead of deadline

Prime Minister Alexis Tsipras had warned foreign officials that Athens would not be able to pay the 750 million euros ($845 million) due this month to the International Monetary Fund, Greek newspapers said Sunday. The reports came less than a week after A

Published 18 May, 2015 12:00am

Bangladesh's interbank forex and interest rates

Interbank buy/sell rates for the taka against the dollar on Sunday. 77.80-77.80 (previous 77.80-77.80).

Published 18 May, 2015 12:00am

Chinese equity surge catches global emerging investors off guard

Many global investors have been wrong-footed by a 7 percent surge in emerging market equities in April, as stellar gains in China lifted the benchmark index to its best monthly showing since early 2012.

Published 18 May, 2015 12:00am

Chinese equity surge catches global emerging investors off guard

Published 18 May, 2015 12:00am

Central banks chase investor herd into liquidity trap

Investors used to thinking that vast quantities of cheap central bank money make financial assets a one-way bet have had a rude awakening in recent weeks, as that same conventional wisdom created frailties in the functioning of markets.

Published 18 May, 2015 12:00am

Party City seeks $2 billion valuation in IPO

Party City Holdco Inc, the largest US party goods retailer, is expected to be valued at nearly $2 billion in its initial public offering, the first by a US retailer this year. The company, backed by buyout firm Thomas H. Lee Partners LP, operates 900 part

Published 18 May, 2015 12:00am

Party City seeks $2 billion valuation in IPO

Published 18 May, 2015 12:00am

HSBC cuts foreign investor darling India to 'underweight'

HSBC cut Indian shares to "underweight" from "overweight", saying markets were over-owned at a time when earnings were expected to slow and the scope of interest rate cuts were diminishing. The downgrade to underweight is the first by a major foreign bank

Published 18 May, 2015 12:00am

Currency

Dollar to resume rally soon on Fed hike expectations

The US dollar will soon resume its rally, provided the economy recovers from a weak start to the year sufficiently to justify an interest rate hike from the Federal Reserve, a Reuters poll showed. The greenback has rallied some 20 percent since last summe

Published 18 May, 2015 12:00am

Wall Street week ahead: Fed, data take centre stage as earnings dwindle

Investors will watch for any change in the economic outlook from housing data and remarks by various Federal Reserve speakers next week, while retailers will take over on the earnings front as the first-quarter reporting season trickles to its end.

Published 18 May, 2015 12:00am

Press Ganey files for IPO

Healthcare research firm Press Ganey filed for a US initial public offering of common stock, the latest buyout-backed company looking to tap a fully valued equity market. Private equity firm Vestar Capital Partners Inc, which bought Press Ganey from Ameri

Published 18 May, 2015 12:00am

Press Ganey files for IPO

Published 18 May, 2015 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 14	278.27
USD PKR Interbank Buying / May 14	278.07
USD to Japanese Yen / May 14	156.42
USD to Swiss Franc / May 14	0.91
Pound Sterling to USD / May 14	1.26
Euro to USD / May 14	1.08

Stock	Volume
S&P 500 / May 13	5221.42
Nasdaq / May 13	16388.24
Dow Jones / May 13	39431.51
India Sensex / May 14	72853.85
Tokyo Nikkei / May 14	38227.19
Hang Seng / May 14	19120.21
FTSE 100 / May 14	8427.64
Germany DAX 30 / May 14	18697.64

Item	Value
Karachi Cotton PKR/37.32 KG / May 13	19935
Gold 10 Grams PKR / May 13	207733
Petrol/Litre / May 14	288.49
Crude Oil USD/Barrel / May 14	79.23
Gold Spot USD/Ounce / May 14	2344.20
Diesel/Litre / May 14	281.96

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 14 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 14 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 14 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 14 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 14 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 14 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 14 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 14 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 14 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 14 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 14 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 14 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 14 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 14 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 14 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 14 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 14 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 14 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

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

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