News Archives for Print - 2015-06-08

Last week, BR Research sat down with David Williams, the Counsellor for Agricultural Affairs at the US Embassy in Islamabad. What ensued was an interesting discussion on the USDA's involvement in our country, how it is helping us, and what are some of the

Published 08 Jun, 2015 12:00am

Cotton

'Start thinking about alternative cropping patterns,' Counsellor for Agricultural Affairs, US Embassy Islamabad

Published 08 Jun, 2015 12:00am

Mutual Funds

Tax Memorandum 2015

INCOME TAX: INTRODUCTION OF ONE-TIME SUPER TAX: A one-time super tax for tax year 2015 has been proposed on (i) banking companies; and

Published 08 Jun, 2015 12:00am

Mutual Funds

Tax Memorandum 2015

INCOME TAX: INTRODUCTION OF ONE-TIME SUPER TAX: A one-time super tax for tax year 2015 has been proposed on (i) banking companies; and

Published 08 Jun, 2015 12:00am

Inflation and price hike

This refers to a Business Recorder news item "PM for smooth supply of petrol during Ramazan" carried by it on Thursday. According to it, Prime Minister Nawaz Sharif has directed all out efforts for smooth supply of petroleum products and strict adh

Published 08 Jun, 2015 12:00am

New 'Cape to Cairo' free trade pact hailed as Africa milestone

The launch of a free trade agreement by three African economic blocs in Egypt this week will be an important step towards a potentially game-changing common market spanning the continent, supporters say. The deal between the East African Community, Southe

Published 08 Jun, 2015 12:00am

Rational over-optimism?

Federal Finance Minister Ishaq Dar in his budget speech 2015-16 maintained that the first budget he presented was focused on saving the country from default, the second budget to achieve macroeconomic stability and the third budget would be focused on gro

Published 08 Jun, 2015 12:00am

Budget 2015-16: More of the same

The Finance Minister presented Friday the mid-year (third) budget of the PML-N Government. By now a pattern has been established. The focus continues to be on fiscal consolidation under the aegis of the on-going IMF Program. Reduction in the fiscal defici

Published 08 Jun, 2015 12:00am

FTO's recommendations

According to a Business Recorder exclusive, the Federal Tax Ombudsman has recommended to the Federal Board of Revenue (FBR) to expedite payment of refunds, ensure a hassle-free environment for claimants and streamline the system of sales tax regist

Published 08 Jun, 2015 12:00am

Dar's awkward drive

Country's economy continues to be in a stabilisation mode strictly in accordance with an agreement the PML-N government reached with the International Monetary Fund (IMF) in Dubai as growth prospects are still quite dim. The question is: Are we really mov

Published 08 Jun, 2015 12:00am

Over 50 lawmakers from Cameron's party ready to join EU exit campaign

British Prime Minister David Cameron has been challenged by a group of over 50 lawmakers from his Conservative Party who are prepared to join a campaign backing Britain's exit from the European Union unless he achieves radical changes in the bloc.

Published 08 Jun, 2015 12:00am

Iran hopes to begin Russia oil-for-goods exports soon

Russia will begin importing Iranian oil under a long-heralded oil-for-goods barter arrangement in the coming week, Iran's oil minister was quoted as saying, more than a year after negotiations began. The Kremlin announced in April it had begun to implemen

Published 08 Jun, 2015 12:00am

Iran nuclear negotiator says both sides to have snapback option

Iran will accept a nuclear deal under which United Nations sanctions could be reimposed in the event of non-compliance, so long as Tehran enjoys similar protections, a senior negotiator was quoted as saying.

Published 08 Jun, 2015 12:00am

Ukraine coastguard boat blast kills one

One Ukrainian coastguard was killed, five were injured and their commander remained unaccounted for Sunday after their cutter hit a mine planted in the bay of the strategic eastern port of Mariupol, officials said.

Published 08 Jun, 2015 12:00am

South Korea to track cellphones to prevent MERS spread; 5th person dies

South Korean authorities will track the cellphones of hundreds of people under quarantine to prevent the spread of Middle East Respiratory Syndrome (MERS) and reported a fifth death in the outbreak, with the number of infections rising to 64.

Published 08 Jun, 2015 12:00am

Algeria arrests importers, bank officials in graft crackdown

Algerian authorities have arrested 17 people including importers and bank officials as the country tightens control on imports and corruption to help counter the effect of low world oil prices, a judicial source and official media said on Sunday.

Published 08 Jun, 2015 12:00am

Israeli aircraft strike, PM hints at stronger military action against Gaza

Israeli aircraft bombed the Gaza Strip on Sunday after the latest in a series of Palestinian rocket attacks that Prime Minister Benjamin Netanyahu accused the international community of ignoring. The Omar Brigades, a Palestinian group that supports Islami

Published 08 Jun, 2015 12:00am

Human contact: more than 60 percent of China's underground water rated unfit

Nearly two-thirds of China's underground water, and a third of its surface water, were rated as unsuitable for direct human contact in 2014, the environment ministry said on June 04. China is waging a "war on pollution" to reverse some of the environmenta

Published 08 Jun, 2015 12:00am

New blood test can reveal past viruses

A new and inexpensive test is making it possible to identify all of a person's past and present viral infections by simply analysing a drop of blood. The method, called VirScan, provides an alternative to sampling blood for one virus at a time, said resea

Published 08 Jun, 2015 12:00am

Seas face biodiversity shakeup even under 20C warming

The oceans will undergo a dramatic turnover in biodiversity even if the UN meets its goal of limiting of global warming to two degrees Celsius (3.6 degrees Fahrenheit), scientists said on June 01. Species that need cooler waters will migrate or become ext

Published 08 Jun, 2015 12:00am

Screening reduces risk of breast cancer death by 40 percent

Women who undergo mammography screening reduce their risk of dying from breast cancer by 40 percent, an international study published in the United States showed. Researchers reported that women aged 50 to 69 who received screening were 40 percent less li

Published 08 Jun, 2015 12:00am

Immunotherapy combo packs punch against melanoma

Immunotherapy, which harnesses the power of the immune system in order to attack cancer, is more potent against melanoma when two agents are combined, but side effects rise too, researchers said on June 01. Findings of a randomised phase III trial compare

Published 08 Jun, 2015 12:00am

Six energy firms call for carbon pricing

Six leading oil and gas companies on June 01 called on governments to put into place a carbon pricing system, saying this would be the most effective way of cutting the emission of greenhouse gases. "We firmly believe that carbon pricing will discourage h

Published 08 Jun, 2015 12:00am

Rich states can't meet 2020 climate aid goal alone: researchers

An international commitment to provide $100 billion a year by 2020 to help vulnerable countries tackle climate change is unlikely to be met if only government funding from rich nations is counted towards it, researchers said.

Published 08 Jun, 2015 12:00am

Waste no time making fixes after your account is hacked

Often, if your account is hacked, you're the last to know. It's your friends who start wondering why you're sending out spam mails or posting odd things on Facebook. "Those affected usually have their attention drawn to the problem by third parties," says

Published 08 Jun, 2015 12:00am

Apple recalls Beats speakers because of fire risk

Apple on Wednesday recalled speakers in its Beats product line, saying the battery in the speaker could overheat and cause a fire hazard. Apple offered people who own Beats Pill XL speakers a full refund of 325 dollars or an Apple store credit. No other B

Published 08 Jun, 2015 12:00am

Live-streaming app Periscope coming to Android devices

Twitter has made its live-streaming app Periscope available for smartphones and tablets that run on the Android operating system, developer Sara Haider has told dpa. Periscope lets users share live video feeds from their handheld devices. To date, it has

Published 08 Jun, 2015 12:00am

Google out to win trust with simpler privacy controls

Google on Monday made it simpler for people using its popular online services to manage privacy, in a move aimed at bolstering trust. "Everyday, we make choices that affect our privacy and security online," Google account controls and settings product man

Published 08 Jun, 2015 12:00am

Android smartphone reset won't solve all your data security issues

The common view is that, if you're going to sell your old Android smartphone, all you need to do to expunge all your personal data is to reset the device to factory settings. Not so, according to a team of British researchers who have found that some pers

Published 08 Jun, 2015 12:00am

Rare Apple computer dumped for recycling

A Silicon Valley recycling company on Monday was searching for a woman who dropped off a rare Apple computer subsequently snapped up by a collector for $200,000. The woman didn't leave her name or ask for a receipt when she dropped off a box of unwanted g

Published 08 Jun, 2015 12:00am

Self-driving cars vulnerable to cyberattack, experts warn

Hackers pose a real danger to self-driving vehicles, US experts are warning, and carmakers and insurers are starting to factor in the risk. Expected on the road by 2020 or even sooner, driverless cars should have a wide range of cutting-edge technologies

Published 08 Jun, 2015 12:00am

Start-ups key as Taiwan seeks new tech identity

As the Computex trade show opens its doors Tuesday in Taiwan it is putting a new focus on start-ups to boost the island's tech credentials in the face of intense competition from rival China. Taiwan has hosted Asia's biggest tech trade show for 35 years a

Published 08 Jun, 2015 12:00am

Edit online photos with Pixlr

The one problem with any photo editing programme is that you have to have it installed on your machine before you can start tinkering with a picture. That's why the website Pixlr.com might appeal to people who only have an occasional interest in finessing

Published 08 Jun, 2015 12:00am

Facebook Lite makes debut in Asia

Facebook on Thursday released a 'Lite' version of its application that was tailored for people using Android smartphones in places where wireless data bandwidth is scarce. Facebook Lite was built to use less data and work well despite potentially constrai

Published 08 Jun, 2015 12:00am

Apple Watch to be in stores this month

Apple said Thursday that in about two weeks people should be able to walk into the company's real-world shops and buy an Apple Watch. The smartwatches were unveiled in April but have thus far only been available for purchase at Apple's online store and se

Published 08 Jun, 2015 12:00am

Microsoft's digital assistant, Cortana, coming out for Android, iOS

The computerised personal assistant field - currently dominated by Apple's Siri and Google's Now - is going to get a little more crowded now that Microsoft has plans to bring its assistant, Cortana, to market with versions for both Windows and iOS.

Published 08 Jun, 2015 12:00am

Hosts Canada, Holland open World Cup with wins

Christine Sinclair's controversial late penalty got hosts Canada off to a winning start at the Women's World Cup on Saturday with a 1-0 win over China, as the Netherlands beat New Zealand by the same scoreline. The Group A doubleheader in Edmonton kicked

Published 08 Jun, 2015 12:00am

Barca cap great season with fifth European Cup win

Barcelona were crowned kings of Europe for the fifth time after beating Juventus 3-1 in a pulsating Champions League final at the Olympic Stadium on Saturday, capping their magnificent season with a title treble. The Spaniards lived up to their tag as fav

Published 08 Jun, 2015 12:00am

Olympic champion Felix beaten on a photo finish in Birmingham

American Jeneba Tarmoh defeated compatriot and Olympic champion Allyson Felix by the narrowest of margins on Sunday after both athletes clocked the same time over 200metres at the Birmingham Diamond League meeting. Tarmoh, a member of the Olympic gold med

Published 08 Jun, 2015 12:00am

U-17 World Cup in Poland: SOS Village Sialkot to represent Pakistan

Under-17 football team of SOS Village Sialkot will take part in 2015 Hope For Mundial World Cup being held in Poland said Chairperson SOS village Mrs. Shahana Shabbir. Addressing a function held in honour of touring football team held last evening she sai

Published 08 Jun, 2015 12:00am

Dravid to shape next generation of Indian cricketers

Rahul Dravid has been entrusted with shaping the future of Indian cricket and agreed in principle to coach the country's under-19 and A teams. The Indian cricket board (BCCI) last week named a three-member advisory committee comprised of former cricketers

Published 08 Jun, 2015 12:00am

BBC says seen documents detailing Warner transactions

The British Broadcasting Corp claims to have seen evidence detailing what happened to the $10 million soccer's world governing body FIFA sent to former vice-president Jack Warner. Warner is among nine current and former FIFA officials and five corporate e

Published 08 Jun, 2015 12:00am

Blatter, Mbeki 'discussed' $10 million World Cup deal

FIFA president Sepp Blatter and the then South African president Thabo Mbeki discussed the $10-million that ended up in the hands of FIFA corrupt officials, according to a 2007 email published on Sunday by a South African paper. South Africa's Sunday Time

Published 08 Jun, 2015 12:00am

FIFA compliance head says Russia, Qatar could lose World Cups

Russia and Qatar could be stripped of their World Cup hosting rights if evidence emerges of bribery in the bidding process, Domenico Scala, the independent chairman of FIFA's audit and compliance committee, told a Swiss newspaper.

Published 08 Jun, 2015 12:00am

Wawrinka dashes Djokovic dream to win French Open

Stan Wawrinka spectacularly shattered Novak Djokovic's dream of a career Grand Slam on Sunday when he became the oldest winner of the French Open in 25 years. The 30-year-old Swiss claimed a famous 4-6, 6-4, 6-3, 6-4 victory to secure his second career ma

Published 08 Jun, 2015 12:00am

BNP Paribas to cut costs in investment banking

French bank BNP Paribas is targeting a return on notional equity (RONE) at its investment banking business of 20 percent in 2019, up from 16 percent now, Les Echos newspaper reported on its website on June 04. To achieve this goal, France's biggest listed

Published 08 Jun, 2015 12:00am

Dollar General profit beats on higher prices

Discount retailer Dollar General Corp reported a better-than-expected quarterly profit, helped by higher prices and lower transportation costs. The company said on June 02 that it sold more tobacco and healthcare products, perishable food items and candy

Published 08 Jun, 2015 12:00am

Deutsche Bank to launch three tech startup laboratories in 2015

Deutsche Bank aims to launch three technology innovation labs in Berlin, London and Silicon Valley this year designed to accelerate development of so-called "fintech" companies which could aid the banking sector and its clients.

Published 08 Jun, 2015 12:00am

Siemens signs eight billion euro power deal with Egypt

German industrial company Siemens signed an 8 billion euro deal ($9 billion) with Egypt on June 03 to supply gas and wind power plants to boost the North African country's electricity generation by 50 percent.

Published 08 Jun, 2015 12:00am

Foreign firms wary of Saudi expansion on opening up of bourse

The opening of Saudi Arabia's bourse to direct foreign investment may create billions of dollars of business but international banks and fund managers are cautious about expanding their operations in the kingdom. Regulatory obstacles and uncertainty about

Published 08 Jun, 2015 12:00am

Saudi's Algosaibi outlines new debt proposal to creditors

Saudi Arabian family conglomerate Ahmad Hamad Algosaibi and Brothers (AHAB) is offering creditors a minimum return of 28 cents on every dollar owed under an enhanced proposal to end one of the Middle East's largest ever debt restructurings.

Published 08 Jun, 2015 12:00am

Citi withdraws from metals financing in China after suspected fraud

US bank Citigroup Inc said it has withdrawn from metals financing in China after suspected fraud that led to a web of lawsuits. But while the bank retreated in that area, it still managed to achieve broad growth in commodities as others withdrew from the

Published 08 Jun, 2015 12:00am

Vodafone Qatar's fourth quarter net loss widens

Vodafone Qatar reported a wider fourth-quarter loss on June 03, despite expanding its customer base, as its capital expenditure doubled. The telecoms operator, an affiliate of Britain's Vodafone Group, made a net loss of 66 million riyals ($18.1 million)

Published 08 Jun, 2015 12:00am

ADIA manages more of its billions in-house

Abu Dhabi Investment Authority (ADIA), one of the world's biggest sovereign wealth funds, managed more of its money in-house last year as it strengthened its capabilities and added staff in some areas, ADIA said on June 02. The proportion of its assets ma

Published 08 Jun, 2015 12:00am

ADIA manages more of its billions in-house

Published 08 Jun, 2015 12:00am

Reshuffle in Balochistan bureaucracy

The Government of Balochistan has issued directives for posting and transfers of some senior officials. According to a handout issued, here on Sunday, Ghulam Farid (PAS/B-19) has been appointed as Additional Secretary (Admin), Services and General Adminis

Published 08 Jun, 2015 12:00am

WHT abolished on aircraft, spare parts, equipment, etc

The Federal Board of Revenue (FBR) has abolished withholding tax on aircraft, maintenance kits for trainer aircraft, spare parts, machinery and equipment and tools, operational tools, machinery, equipment and furniture and fixtures for Greenfield airports

Published 08 Jun, 2015 12:00am

WHT abolished on aircraft, spare parts, equipment, etc

Published 08 Jun, 2015 12:00am

KP hydel projects to generate 55MW by December: Khattak

Khyber Pakhtunkhwa Chief Minister Pervez Khattak has said that the provincial government is focusing on hydel power generation, developing viable alternative energy resources, establishment of oil refinery through public-private partnership (PPP) and deve

Published 08 Jun, 2015 12:00am

Two brothers killed by police; protesters block highway

The Punjab Police shot dead two brothers on College Road in Satellite Town in Rawalpindi late Saturday night after they did not stop their motorcycle at a police check point. Both the youngsters identified as Shakeel and Zeeshan were brothers.

Published 08 Jun, 2015 12:00am

Vote rigging: JI chief disapproves opposition call for strike

Amir Jamaat-e-Islami Sirajul Haq has called upon the Election Commission of Pakistan to take measures to address complaints and reservations, wherein solid proofs were available, regarding poll-rigging during May 30 local bodies' elections in Khyber Pakht

Published 08 Jun, 2015 12:00am

KP chief minister rejects calls to resign

Khyber Pakhtunkhwa Chief Minister Pervez Khattak has said that the opposition demand of his resignation and dissolution of provincial assembly is totally uncalled for as the Election Commission is responsible for mismanagement and alleged rigging.

Published 08 Jun, 2015 12:00am

Introduction of quality paper: Roxcel and Jamal & Brothers sign accord

The introduction of quality paper products in Pakistani industry would provide local buyers with options to compete in domestic market by ensuing availability of state of the art products first time in the country.

Published 08 Jun, 2015 12:00am

Minister concerned over temple attack in Hyderabad

Sindh Minister for Minority Affairs, Gianchand Israni has expressed his concerns over the attack on a temple in Hyderabad and said that no religion in the world allows anyone to attack any religious place. Speaking to media persons at Circuit House, here

Published 08 Jun, 2015 12:00am

District Shangla: JUI-F, PML-N join hands to form government

Jamiat Ulema-e-Islam-Fazl (JUI-F) and Pakistan Muslim League-Nawaz (PML-N) have joined hands for formation of district and tehsil governments in Shangla. Niaz Ahmad Khan, son of Advisor to Prime Minister Engineer Amir Muqaam, will be the PML-N candidate f

Published 08 Jun, 2015 12:00am

Khattak convenes APC on vote rigging allegations

Khyber Pakhtunkhwa Chief Minister Pervez Khattak on Sunday said that the KP government would hold an All Parties Conference (APC) on June 9 to deal with the issue of rigging charges in the recently held Local Government elections. He said that PTI itself

Published 08 Jun, 2015 12:00am

Britain prepares to review bank tax to stop potential exodus

Britain is prepared to review a tax on banks to head off the threat that large multinational banks like HSBC could leave London's financial centre and shift their operations overseas, the Sunday Times reported, citing industry sources. Finance minister Ge

Published 08 Jun, 2015 12:00am

Government to retain 75 percent stake in Kuwait Airways

Kuwait's government has approved a new structure for the privatisation of Kuwait Airways under which the state will own 75 percent of the carrier, it said on Sunday, excluding potential investors such as Jazeera Airways. Under the new proposal, approved b

Published 08 Jun, 2015 12:00am

Japanese firms pay high price for Asia M&A spree

Japanese firms have been so busy paying top dollar in overseas acquisitions that sellers looking to offload assets in Asia now expect them to pay over the odds, according to the head of the country's biggest insurer, Tokio Marine Holdings Inc.

Published 08 Jun, 2015 12:00am

India seeks damages from Nestle after noodle scare

India's government has filed for damages from food group Nestle after a food scare involving reports of excess lead in Maggi noodles forced a nation-wide recall, government officials said on Sunday. "It's a serious matter concerning public health and the

Published 08 Jun, 2015 12:00am

Africans negotiate 'one trade regime' for common market

Senior officials of three African economic blocs held talks on a "one trade regime" that would forge a common market spanning the continent, at a meeting in Egypt on Sunday. The Tripartite Free Trade Area (TFTA) is to be launched at a summit of heads of s

Published 08 Jun, 2015 12:00am

Obama and Merkel agree Greece must reform

US President Barack Obama and German Chancellor Angela Merkel discussed Greece in their bilateral meeting ahead of a summit of Group of Seven (G7) leaders, White House spokesman Josh Earnest told reporters on Sunday. The two leaders agreed Greece must ref

Published 08 Jun, 2015 12:00am

G7 leaders urge tough line on Russia at start of summit

Leaders from the Group of Seven (G7) industrial nations backed a tough line towards Moscow at the start of a summit in the Bavarian Alps, with US President Barack Obama urging the gathering to stand up to Russian aggression in Ukraine. Host Angela Merkel

Published 08 Jun, 2015 12:00am

Israel's Strauss, Haier expand water JV in China

Strauss Water, a subsidiary of Israeli food and beverage company Strauss Group, agreed to expand its joint venture in China with the Haier Group by including technology for water purification products that was owned by Haier. The new joint venture company

Published 08 Jun, 2015 12:00am

Hungary first European country to sign up for China Silk Road plan

Hungary has become the first European country to sign a co-operation agreement for China's new "Silk Road" initiative to develop trade and transport infrastructure across Asia and beyond, China's foreign ministry said late on Saturday.

Published 08 Jun, 2015 12:00am

Trade deficit, pause in aid, plunge Egypt's c/a into the red

A widening trade deficit and a pause in aid payments from Gulf Arab allies helped Egypt post its deepest current account deficit in more than two years during the first three months of 2015, despite a surge in foreign direct investment.

Published 08 Jun, 2015 12:00am

Modi promises support for Bangladeshi investment in Gujarat

Indian Prime Minister Narendra Modi gave his support on Sunday to a Bangladeshi proposal to invest $25 million in selling Bangladeshi garments in India, the main Bangladeshi business group said. Modi, on the second and final day of a state visit to India'

Published 08 Jun, 2015 12:00am

Tanzania lifts gas resources estimate to 55 trillion cubic feet

Tanzania's current natural gas reserves are at about 55 trillion cubic feet (tcf) following new deep sea discoveries off its southern coast, the east African nation's energy minister said. East Africa is a new hotspot in hydrocarbon exploration after subs

Published 08 Jun, 2015 12:00am

Deutsche Bank appoints new CEO in latest post-crisis shakeup

Germany's largest lender Deutsche Bank purged its leadership on Sunday, appointing Briton John Cryan as chief executive to replace Anshu Jain just two weeks after Jain was given more power to reorganise the bank.

Published 08 Jun, 2015 12:00am

Durrani ignores party position, favours budget

Speaker Sindh Assembly, Agha Siraj Durrani has said that the budget 2015-16 announced by the federal government was balanced and the Sindh government would announce provincial budget soon. Addressing a book-launching ceremony of Agha Shahabuddin on his fo

Published 08 Jun, 2015 12:00am

World Ocean Day today

World Ocean Day which is celebrated on Monday (today) since its original proposal in 1992 by Canada at the Earth Summit in Rio de Janeiro, Brazil is of immense importance for Pakistan this year because it has now extended its jurisdiction to 350 nautical

Published 08 Jun, 2015 12:00am

TDAP, REAP agree to disband QRC

Trade Development Authority of Pakistan (TDAP) and Rice Exporters' Association of Pakistan (REAP) have, in principle, decided to disband Quality Review Committee of Rice (QRC) and to offer golden handshake scheme to its employees forthwith, sources told <

Published 08 Jun, 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 08 Jun, 2015 12:00am

Tokyo investors eye revised Japan GDP data

Japan's revised first quarter GDP data will be among the key trading cues for Tokyo investors next week, after the market ended in negative territory on Friday. Fresh growth figures for January-March are due Monday with initial estimates showing the world

Published 08 Jun, 2015 12:00am

Egypt's comeback bond should pave way for future deals

Robust global demand for Egypt's first bond in five years could prompt it to revisit the debt markets as early as this year, as the Arab world's most populous nation re-establishes itself in the international capital markets. Such access could prove criti

Published 08 Jun, 2015 12:00am

Egypt's comeback bond should pave way for future deals

Published 08 Jun, 2015 12:00am

Currency

JPMorgan says may eject Nigeria from key bond index by year-end

J. P Morgan will eject Nigeria from its Government Bond Index (GBI-EM) by the year-end unless it restores liquidity to currency markets in a way that allows foreign investors tracking the benchmark to transact with minimal hurdles.

Published 08 Jun, 2015 12:00am

Currency

JPMorgan says may eject Nigeria from key bond index by year-end

Published 08 Jun, 2015 12:00am

New toys for flash boys in China's fledgling derivatives market

The rapid liberalisation of Chinese derivatives markets has attracted a new breed of creative traders employing complex trading strategies that can generate quick profits - and an extra dollop of risk - in China's runaway stock boom. Brokerages and fund m

Published 08 Jun, 2015 12:00am

New toys for flash boys in China's fledgling derivatives market

Published 08 Jun, 2015 12:00am

Gulf markets fall as OPEC maintains output, Yemen fighting escalates

Most Gulf stock markets edged down on Sunday after oil prices fell on the week and fighting in Yemen intensified. Egypt was also weak following poor balance of payments data. Despite a rally on Friday, Brent crude fell 3.6 percent last week as OPEC left i

Published 08 Jun, 2015 12:00am

Currency

Dollar rally set to resume next month

The dollar rally will regain momentum from next month, a Reuters poll of foreign exchange strategists showed on Wednesday, although its strength will depend on economic data and the timing of a Federal Reserve interest rate hike. The US currency is up mor

Published 08 Jun, 2015 12:00am

Egyptian pound steady

Egypt's central bank kept the pound's exchange rate steady at 7.53 to the dollar at a foreign exchange auction on Sunday where it offered $100 million, a significant jump from amounts usually offered. The central bank said the amount was needed "to cover

Published 08 Jun, 2015 12:00am

Currency

Digital currencies a big test for regulators: New York banking czar

New York's powerful banking regulator Benjamin Lawsky said Wednesday that digital currencies like Bitcoin pose a major challenge, but should not be stifled. Lawsky, the outgoing superintendent of the state's Department of Financial Services, said finance

Published 08 Jun, 2015 12:00am

EBS daily trading volumes steady in May

Foreign exchange spot volumes on the EBS trading platform were almost unchanged at $95.9 billion a day in May compared with April, owner ICAP said in a statement on Thursday. Trading on EBS - the main venue for banks and other major institutions to trade

Published 08 Jun, 2015 12:00am

US stock market reform has wrong focus, says outgoing regulator

The piecemeal approach taken by the US Securities and Exchange Commission in regulating the stock market is not likely to lead to any major changes in the coming years, outgoing SEC Commissioner Daniel Gallagher said on Wednesday.

Published 08 Jun, 2015 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 26	278.58
USD PKR Interbank Buying / Apr 26	278.28
USD to Japanese Yen / Apr 26	158.33
USD to Swiss Franc / Apr 26	0.91
Pound Sterling to USD / Apr 26	1.25
Euro to USD / Apr 26	1.07

Stock	Volume
S&P 500 / Apr 26	5099.96
India Sensex / Apr 26	73730.16
Tokyo Nikkei / Apr 26	37934.76
Nasdaq / Apr 26	15927.90
Hang Seng / Apr 26	17651.15
FTSE 100 / Apr 26	8139.83
Dow Jones / Apr 26	38239.66
Germany DAX 30 / Apr 26	18161.01

Item	Value
Crude Oil USD/Barrel / Apr 26	83.85
Karachi Cotton PKR/37.32 KG / Apr 26	20535
Gold 10 Grams PKR / Apr 26	210048
Gold Spot USD/Ounce / Apr 26	2337.96
Cotton US¢/pound / Apr 26	80.90
Petrol/Litre / Apr 28	293.94

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 28 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 28 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 28 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 28 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 28 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 28 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 28 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 28 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 28 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 28 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 28 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 28 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 28 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 28 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 28 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 28 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 28 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 28 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 28 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 28 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 28 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 28 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 28 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 28 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 28 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 28 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 28 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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