News Archives for Print - 2015-07-06

<<>>

Print - 2015-07-06

The Weather

The weather report on Sunday (July 05, 2015) and the forecast for Monday (July 06, 2015).

Published 06 Jul, 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 06 Jul, 2015 12:00am

Currency

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (June 29 to July 03, 2015).

Published 06 Jul, 2015 12:00am

Aaj TV - Monday's schedule

All timings are in PST (Pakistan Standard Time).

Published 06 Jul, 2015 12:00am

Heavy rain accompanied by strong winds, played havoc in parts of Zhob city and adjacent areas. In city's Ganj mohalla, Kharot abad, Islamyar, Mandokhail abad and other areas houses were destroyed while a part of government high school in Killi Appozai als

Published 06 Jul, 2015 12:00am

Drug dens: 130 policemen involved in collecting extortion: Report

A report by the Special Branch has revealed that 130 Karachi policemen are involved in collecting extortion money from drug dens in the city. According to the report carried by a private TV channel, the act of policemen collecting extortion money from dru

Published 06 Jul, 2015 12:00am

K-E fails to deliver despite getting cheap gas: PEW

Pakistan Economy Watch (PEW) on Sunday said that K-Electric is getting cheap gas, low-cost electricity from national grid, subsidy, loans worth Rs 130 billion but it has failed to deliver which has been proved through harsh statements by federal and provi

Published 06 Jul, 2015 12:00am

MQM urges CJP to take notice of Rangers' statement

Taking strong exception to the statement of rangers spokesman, Coordination Committee of Muttahida Quami Movement (MQM) has demanded the chief justice of Pakistan (CJP) to take immediate notice of this statement. In a statement issued in Sunday's wee hour

Published 06 Jul, 2015 12:00am

MQM's Tanzeemi body organises militant wing: Rangers

Tanzeemi Committee of the Muttahida Quami Movement (MQM) organizes the militant wing; that is why, the party's sector and unit in-charges are being collared, according to the rangers. According to the rangers spokesman, some of the MQM people are surrende

Published 06 Jul, 2015 12:00am

Consanguineous marriages leading to metabolic disorders: Experts

Experts taking exception to rampant trend of consanguineous marriages in many of the local communities said it has led to series of rare metabolic diseases among the children including that of Lysosomal Storage Disorders (LSDs).

Published 06 Jul, 2015 12:00am

Iran, Pakistan hold talks over extradition of Rigi

Tehran and Islamabad are holding meetings to extradite to Iran the recently captured terrorist leader, Abdo-Sattar Rigi, whose notorious brother Abdolmalek Rigi led the Jundollah terrorist group and was arrested and executed by Iran in early 2011.

Published 06 Jul, 2015 12:00am

Musharraf phones Qadri

Pakistan Awami Tehreek (PAT) chief Dr Tahirul Qadri and All Pakistan Muslim League (APML) chief Pervez Musharraf made a telephonic contact on Sunday. Musharraf, who phoned Qadri to inquire about his health, invited the latter to Karachi. The two leaders a

Published 06 Jul, 2015 12:00am

Currency

Issuance of fresh currency notes: SBP introduces SMS service

State Bank of Pakistan in collaboration with Pakistan Banks' Association (PBA) has introduced an SMS service for issuance of fresh currency notes to the general public. The move is aimed at further facilitating the general public in acquiring fresh curren

Published 06 Jul, 2015 12:00am

Cotton

Dollarisation is inevitable - President Islamabad Chamber of Commerce and Industry

We're off into fiscal '16 and the controversial proposals of the Finance Bill have now become a reality. BR Research thought it best to speak to Muzzamil Hussain Sabri, the President of Islamabad Chamber of Commerce and Industry, to find out what the mood

Published 06 Jul, 2015 12:00am

Cotton

Dollarisation is inevitable - President Islamabad Chamber of Commerce and Industry

Published 06 Jul, 2015 12:00am

Rising debt burden

How alarming it is that the International Monetary Fund (IMF) has cautioned Pakistan authorities that "the materialization of risks to the economic outlook could erode Pakistan's capacity to repay to the Fund, particularly in a context where Fund exposure

Published 06 Jul, 2015 12:00am

Drones will tear us apart: pop's war fixation

A lover's eyes compared to a drone strike, a smile to a suicide bomb and lips to fire. The violence of bloody insurgency has been injected into catchy pop lyrics after more than a decade of war against militants opposed to all forms of song and dance.

Published 06 Jul, 2015 12:00am

External debt and foreign exchange reserves: An overview

At the start of 2014-15, the external debt of the Government of Pakistan stood at $54.8 billion (ie on the 30th of June 2014), which was equivalent to 22.5 percent of the GDP and constituted about 84 percent of the total external public debt. The Budget 2

Published 06 Jul, 2015 12:00am

IMF review

The seventh staff review under the Extended Fund Facility (EFF) Arrangement and aModification of Performance Criteria was uploaded on the International Monetary Fund (IMF) website on 2 July, dated 12 June, or subsequent to the announcement of the budget 2

Published 06 Jul, 2015 12:00am

The textbook blunder

The new Class VIII geography book published by the Punjab Textbook Board carries a map showing Pakistan as comprising six rather than four provinces - the two non-existent provinces being 'Saraikistan' and 'Hazara'. Who did it and why, so far is a mystery

Published 06 Jul, 2015 12:00am

IMF assessment

The International Monetary Fund (IMF) uploaded the seventh review under the Extended Fund Facility on 2nd July - nearly a month after the budget was announced and one day after the commencement of Pakistan's new fiscal year 2015-16. To dispel any impressi

Published 06 Jul, 2015 12:00am

America celebrates July 4 with hot dogs and barbecues amid tightened security

Americans marched in star-spangled parades, ran relay races, gathered for fireworks shows and crowned a new world hot dog eating champion as they celebrated Independence Day in traditional style on Saturday.

Published 06 Jul, 2015 12:00am

Landmine kills five Ukrainian soldiers

Five Ukrainian servicemen were killed and three wounded by a landmine in the separatist Luhansk region, the Ukrainian military said on Sunday. Fighting between government troops and pro-Russian rebels has lessened since the signing of a ceasefire deal in

Published 06 Jul, 2015 12:00am

Morocco reporter on hunger strike in Geneva

A Moroccan journalist on hunger strike in Geneva, who was previously jailed for insulting the Moroccan king and is now being denied a passport, was told Sunday to return home to plead his case.

Published 06 Jul, 2015 12:00am

Now is the time to strike Iran deal, Kerry warns

US Secretary of State John Kerry said Sunday it was "now time" to seal a historic nuclear deal with Iran as ministers were flying back to Vienna ahead of a looming deadline. Addressing reporters, Kerry stressed that after almost two years of negotiations

Published 06 Jul, 2015 12:00am

South Korean official falls to death in China

An official dispatched from Seoul to deal with the aftermath of a bus crash in China that killed 10 South Koreans was found dead in a suspected suicide early Sunday after falling from a hotel, Chinese state media reported. The official, identified as Choi

Published 06 Jul, 2015 12:00am

Iran deploys new home-built long-range radar

Iran says it has deployed a new domestically built long-range radar system, signalling a strengthening of its air defences as it holds what may be the final days of talks on a nuclear deal with world powers. Brigadier General Farzad Esmaili, commander of

Published 06 Jul, 2015 12:00am

South Sudan promises atrocity probe

South Sudan's government said Sunday it was investigating United Nations allegations that its troops raped then burnt girls alive inside their homes during recent fighting in the country's civil war. In a report released on Tuesday, rights investigators f

Published 06 Jul, 2015 12:00am

Actress Diana Douglas Webster dies

Actress Diana Douglas Webster, ex-wife of actor Kirk Douglas and mother of Michael Douglas, has died of cancer at age 92, US media reported. Webster, who appeared in dozens of television shows and films, died on Friday at Motion Picture and Television Hos

Published 06 Jul, 2015 12:00am

Burundi government tells UN mediator to go

Burundi's ruling party and its allies on Sunday told a United Nations mediator to step down, just two weeks after he was sent to help resolve the central African nation's political crisis. Senegal's Abdoulaye Bathily was told to "resign from his post beca

Published 06 Jul, 2015 12:00am

PTB team visits unit

A team of Pakistan Tobacco Board (PTB), led by its Chairman Pakistan Tobacco Board visited Green Leaf threshing Unit of M/S Phillip Morris Pakistan Ltd.

Published 06 Jul, 2015 12:00am

Monsoon rains: PDMA KP issues high alert

Provincial Disaster Management Authority (PDMA) Khyber Pakhtunkhwa issued high alert with start of monsoon rains across the province. According to PDMA press release issued here on Sunday the meteorological department has predicated monsoon rains with thu

Published 06 Jul, 2015 12:00am

ST refund of Rs 24.895 million: footwear manufacturer approaches FTO

A registered manufacturer of footwear has desperately approached forum of Federal Tax Ombudsman (FTO) for implementation of FTO's recommendations by a Regional Tax Office of the Federal Board of Revenue (FBR) seeking balance sales tax refund of Rs 24.895

Published 06 Jul, 2015 12:00am

Significance of Sadqa-e-Fitr highlighted

Sadqa-e-Fitr (also known as fitrana) is an amount of charity in the form of staple foodstuffs that all Muslims with the means are required to pay at the end of holy month of Ramazan. Sadqa-e-Fitr is an act of thankfulness towards Allah Almighty for having

Published 06 Jul, 2015 12:00am

KP to establish SME Development Authority

The provincial government of Khyber Pakhtunkhwa is going to establish its own Small and Medium Enterprises (SMEs) Development Authority (SMEDA) to facilitate in creation of business enabling environment for the private sector to come forward, grow and pro

Published 06 Jul, 2015 12:00am

Withholding tax on bank transactions: KP business community for immediate withdrawal

The business community has criticized the imposition of withholding tax on transactions over Rs 50,000 and urged the government to withdraw this immediately. They also warned if the government and FBR didn't accept their demand, would compel to take extre

Published 06 Jul, 2015 12:00am

Withholding tax on bank transactions: KP business community for immediate withdrawal

Published 06 Jul, 2015 12:00am

Two alleged terrorists held

Two terrorists were arrested along with weapons, explosives, hand grenades and other material here on Sunday thus foiling a terrorist bid. Reports said the Counter Terrorism Department (CTD) raided a house near Farooq-e-Azam Chowk in Charsadda during whic

Published 06 Jul, 2015 12:00am

Saidu Sharif residents protest loadshedding

Power crisis has become more worsen in district Swat as duration of loadshedding in rural areas spread to 20 hours and while urban areas are facing 16 hours loadshedding.

Published 06 Jul, 2015 12:00am

PLF KP observes July 5 as 'black day'

Peoples' Lawyers Forum (PLF), lawyers' wing of PPP observed July 5 as black day to condemn the overthrow of the elected government of Zulfiqar Ali Bhutto by military dictator Zia-ul-Haq on July 5, 1977. In this connection, the forum held a meeting with it

Published 06 Jul, 2015 12:00am

'Sugary drinks may cause 184,000 global deaths a year'

Sodas and other sugary drinks may cause up to 184,000 deaths a year worldwide, according to a study published on June 30 in the journal Circulation.

Published 06 Jul, 2015 12:00am

Diabetes drug helps people lose weight

Liraglutide, an injectable diabetes drug that US regulators approved last year for weight loss, helped obese people lose an average of 18 pounds (eight kilograms), a yearlong study said on July 01. Most patients were able to keep the weight off for the du

Published 06 Jul, 2015 12:00am

Brain process for memory formation revealed

With a little help from Clint Eastwood, Jennifer Aniston and Josh Brolin - or at least photos of them - scientists have gained a new understanding of how memories of everyday events are formed in the brain. Researchers said on July 01 a study involving pe

Published 06 Jul, 2015 12:00am

Blind French hikers cross mountains with special GPS system

Five hikers, all blind or partially-sighted, crossed a mountain range in eastern France thanks to an innovative GPS system that developers hope can help millions of people with vision problems. Armed only with their white canes and the experimental smartp

Published 06 Jul, 2015 12:00am

Beware of animal diseases as biological weapons

The World Health Organisation, animal health and national defence officers called for wider international cooperation to avoid the spread of animal diseases that could be used as biological weapons. Sixty percent of human diseases come from animal agents

Published 06 Jul, 2015 12:00am

Hydroelectric dams spell disaster for birds, tortoises

Hydroelectric dams may cause 70 percent of wildlife in the nearby area to go extinct, according to a study on July 01 that raises new concern about what is often touted as a green energy source. The study in the journal PLOS ONE focused on how animals in

Published 06 Jul, 2015 12:00am

World must cut pollution to save marine life, study warns

If left unchecked, global warming will cause irreversible damage to marine life in the world's oceans, forcing fish to search for cooler waters and destroying valuable coral reefs, an international study said on July 02.

Published 06 Jul, 2015 12:00am

Skype employing real-time translations to bridge language gap

Reaching out across cultures is getting a little easier, thanks to Skype and its new real-time translation service. The service has just added French and German. It had begun with English, Spanish, Italian and Mandarin. Those who just want to send text me

Published 06 Jul, 2015 12:00am

With revamped app, news to be at core of Apple

Apple is diving deeper into the news business with a new application that could make the US tech giant a key industry player. Apple News, part of the upcoming iOS 9 operating system, aims to be the primary news source for users of the iPhone and iPad - li

Published 06 Jul, 2015 12:00am

Yahoo tests using Google search skills

Yahoo said on Thursday that it is testing letting Google put its online search skills to work at some of its online properties. The pioneering Silicon Valley Internet firm was looking at whether having a mix of players handling search results or search ad

Published 06 Jul, 2015 12:00am

China targets web control with new national security law

China passed a wide-ranging new national security law Wednesday, expanding its legal reach over the Internet and even outer space as concerns grow about ever-tighter limits on rights. "China's national security situation has become increasingly severe," s

Published 06 Jul, 2015 12:00am

Want Windows 10 for free? Consider making do with test version

Users of Windows 7 and 8 can upgrade to version 10 of the operating system for free from the end of July. Not so for those still running the Microsoft Vista or XP systems.

Published 06 Jul, 2015 12:00am

Kerb

Facebook's Zuckerberg wants to figure out social equation

Facebook co-founder Mark Zuckerberg figures there could be a formula that explains how people think. During a wide-ranging online question-and-answer session on his Facebook page Tuesday, Zuckerberg told famed physicist Stephen Hawking he would like to fi

Published 06 Jul, 2015 12:00am

New app helps pilgrims count Tawaaf rounds

The Grand Mosque in Makkah Mukarramah is now providing pilgrims with a mobile phone app that can keep track of their rounds during the Tawaaf or circumambulation. The app is available through the Google Play Store and can be downloaded and connected to th

Published 06 Jul, 2015 12:00am

Dropbox users can now request files from non-users

Dropbox users can now send a request to their contacts asking them to share a file, getting around the problem of not being able to get data from people who don't use the file sharing system. The new service does not require those providing the files to b

Published 06 Jul, 2015 12:00am

Gmail gets Undo Send: bombshell mails can be recalled

Any Gmail user who regrets a message they just sent has the option to undo the action, provided they're quick enough. The new Undo Send option allows a message to be retrieved, so long as it's clicked upon within 30 seconds of the Send command being hit.

Published 06 Jul, 2015 12:00am

Google starts road tests of new self-driving car prototypes

Google Inc said on Thursday it had started testing the latest prototypes of its self-driving cars on Mountain View, California roads, with safety drivers aboard. The prototypes will join Google's Lexus cars, which use the same self-driving software, the c

Published 06 Jul, 2015 12:00am

IndiGo plans IPO

India's largest carrier IndiGo said on June 30 it hoped to raise almost $200 million in an initial public offering, as it tries to maintain its dominance of the competitive budget airline sector.

Published 06 Jul, 2015 12:00am

IndiGo plans IPO

India's largest carrier IndiGo said on June 30 it hoped to raise almost $200 million in an initial public offering, as it tries to maintain its dominance of the competitive budget airline sector.

Published 06 Jul, 2015 12:00am

HSBC ends sponsorship of key emerging market indexes

Banking giant HSBC has ended its five-year sponsorship of a closely watched series of business activity surveys, financial research group Markit, which compiles the data, said recently. The HSBC Markit Emerging Markets monthly purchasing managers' indexes

Published 06 Jul, 2015 12:00am

Deutsche Bank chief under pressure to reverse fortunes fast

John Cryan will have to hit the ground running at Deutsche Bank when he officially starts as chief executive on June 29. Investors want to see the former investment banker tackle a long list of problems that has pushed Germany's largest bank into a manage

Published 06 Jul, 2015 12:00am

S&P moves Sharp back out of 'selective default'

Ratings agency Standard & Poor's on July 01 moved Japanese electronics maker Sharp back out of "selective default", just a day after lowering its assessment of the troubled company. The temporary move into selective default (SD) came on June 30 after Shar

Published 06 Jul, 2015 12:00am

Nike founder Phil Knight to step down as chairman

Phil Knight, who built Nike from a modest US shoe company into a global sports giant and marketing juggernaut, will step down as chairman next year, the company announced on June 30. No departure date was set for Knight, a former track standout at the Uni

Published 06 Jul, 2015 12:00am

Fiat Chrysler to start Jeep production in India from 2017

Fiat Chrysler will invest $280 million to begin Jeep production in India from 2017 through an expanded joint venture with Tata Motors, the carmaker said on July 01. Fiat Chrysler Chief Executive Sergio Marchionne is pursuing ambitious sales targets for Je

Published 06 Jul, 2015 12:00am

Abu Dhabi finance zone gears up to open with draft rules

Abu Dhabi's new financial free zone, which aims to become a top banking centre for the region, took a step towards opening for business by issuing draft laws covering fund management, market operations, information disclosure and enforcement of its rules.

Published 06 Jul, 2015 12:00am

Fannie Mae and Freddie Mac hike pay for their CEOs

US government-controlled mortgage finance companies Fannie Mae and Freddie Mac on July 01 disclosed huge pay raises for their chief executive officers, part of a plan sanctioned by their regulator to attract and retain talent.

Published 06 Jul, 2015 12:00am

Airbus plans to open second China plant: CEO

Airbus plans to build a second plant in China after winning an order for at least 45 jets that underpins its production goals for the wide-body A330, chief executive Fabrice Bregier said on June 30. Airbus has been negotiating for about 18 months to estab

Published 06 Jul, 2015 12:00am

Global regulators propose tighter credit risk rules for banks

Global banking regulators have proposed a more comprehensive set of rules for banks to set aside capital to cover losses from their exposures to other lenders and limit fallout in a crisis.

Published 06 Jul, 2015 12:00am

Dinamo Zagreb chiefs remanded in custody

Dinamo Zagreb chief Zdravko Mamic and his younger brother Zoran, the Croatian champions' coach, have been remanded in custody for a month after their arrest on suspicion of multi-million-euro bribery and tax evasion, the club said. A Zagreb court judge de

Published 06 Jul, 2015 12:00am

Blatter says to limit travel until 'everything cleared up'

Sepp Blatter, the head of FIFA which is mired in corruption allegations, told a German newspaper Sunday that he won't take travel risks until the situation is "cleared up".

Published 06 Jul, 2015 12:00am

Chile stun Argentina to win first Copa crown

Chile wrecked Lionel Messi's dream of a first international title with a dramatic penalty shoot-out victory over Argentina to end their 99-year wait for a Copa America crown here Saturday. Arsenal star Alexis Sanchez struck the winning spot-kick for Chile

Published 06 Jul, 2015 12:00am

Nigeria fire Keshi and hire Amodu

The two-year contract of Nigeria coach Stephen Keshi has been terminated because "he lacks the required commitment" and Shuaibu Amodu will replace him with immediate effect, the Nigerian football federation (NFF) has announced.

Published 06 Jul, 2015 12:00am

Tomic dumped from Davis Cup squad after rant

Tennis Australia have reacted to Bernard Tomic's extraordinary tirade at the organisation by dumping him from this month's Davis Cup home quarter-final against Kazakhstan, reports said Sunday. Tomic was knocked out of Wimbledon by defending champion Novak

Published 06 Jul, 2015 12:00am

England take third place in World Cup

Fara Williams struck an extra-time winner from the penalty spot as England defeated Germany 1-0 to claim third place in the Women's World Cup on Saturday. The Lionesses gained some consolation for their heartbreaking loss to Japan in the semi-final as the

Published 06 Jul, 2015 12:00am

Du Plessis sets up crushing win for South Africa

Skipper Faf du Plessis scored an unbeaten half century to set up a crushing 52-run win for South Africa over Bangladesh in the first Twenty20 international in Dhaka on Sunday. Du Plessis helped the visitors recover from a shaky start with an unbeaten 79 o

Published 06 Jul, 2015 12:00am

I am teetotal to ward off depression: Flintoff

Former England cricket captain Andrew "Freddie" Flintoff, whose image as a heavy, fun-loving drinker was sealed by his animated victory celebrations, has opened up about now being teetotal as part of his battle with depression. Flintoff was famously pictu

Published 06 Jul, 2015 12:00am

Mathews puts Sri Lanka on top in deciding Test

Skipper Angelo Mathews battled his way to an unbeaten 77 as Sri Lanka seized the advantage in the series-deciding third and final Test against Pakistan in Pallekele on Sunday. The hosts gained a first innings lead of 63 runs and then recovered from 35-3 i

Published 06 Jul, 2015 12:00am

French renewables power grid pilot shows limits of batteries in Europe

A major pilot project by Europe's largest power network operator to integrate power from rooftop solar panels into the grid has shown that battery storage of renewable energy is not yet economically viable in Europe.

Published 06 Jul, 2015 12:00am

Athens eyeing deal to tax assets hidden in Swiss banks

Athens wants a tax amnesty deal for Greeks who have stashed cash in Swiss banks, in a bid to bring much-needed revenue to the debt-laden country, a Swiss newspaper reported Sunday. The government in crisis-hit Greece, where citizens were voting Sunday in

Published 06 Jul, 2015 12:00am

Europe can't count on ECB alone in Greek crisis: French minister

Greece and international creditors must find a compromise in the country's debt crisis and not count only on support from the European Central Bank, French Economy Minister Emmanuel Macron said.

Published 06 Jul, 2015 12:00am

Saudi Aramco lowers August Arab Light crude OSP to Asia

Saudi Arabia has cut the official selling price (OSP) for its benchmark Arab Light crude to Asia in August, as expected, while raising the price to European customers. State oil company Aramco has lowered the August price for its Arab Light grade for Asia

Published 06 Jul, 2015 12:00am

OECD upgrades Bangladesh country rating by one notch

The Organisation for Economic Cooperation and Development (OECD) has upgraded its rating for Bangladesh, in a move that should make it easier for local entrepreneurs and banks to secure credit, the country's central bank governor said on Sunday.

Published 06 Jul, 2015 12:00am

Gas price paid to Italy's Eni and Edison raised

Egypt has raised the prices it pays Eni and Edison for the natural gas they produce in the country, an official with state-owned gas company EGAS said on Sunday. The agreements mark the latest move by Egyptian authorities to improve terms for foreign oil

Published 06 Jul, 2015 12:00am

Debt to foreign oil companies at $3.5 billion

Egypt's debts to foreign oil companies stood at $3.5 billion dollars at the end of June, a 6.1 percent increase from March, an official at state-owned Egyptian General Petroleum Corporation (EGPC) said on Sunday.

Published 06 Jul, 2015 12:00am

Debt to foreign oil companies at $3.5 billion

Published 06 Jul, 2015 12:00am

Currency

Egypt business activity expands in June for first time in five months

Business activity in Egypt's private sector excluding oil grew slightly in June, ending five months of contraction, though inflation and currency depreciation remain a concern, a survey showed on Sunday.

Published 06 Jul, 2015 12:00am

Osborne says he has found pound 12 billion of welfare cuts

Britain's finance minister George Osborne on Sunday said he had found all 12 billion pounds of welfare cuts he needs as part of his plan to balance the current budget by 2017/18, speaking ahead of his budget announcement on Wednesday.

Published 06 Jul, 2015 12:00am

Dana Gas says wins favourable ruling in Kurdistan dispute

Dana Gas, one of the largest oil and gas investors in Iraq's semi-autonomous Kurdish region, said on Sunday that it had obtained a favourable ruling from a London arbitration tribunal in its dispute with Kurdistan authorities. The Abu Dhabi-listed firm, w

Published 06 Jul, 2015 12:00am

Tunisia seeks to block HSBC settlement in Geneva

Tunisia has filed an objection to HSBC's agreement to pay 40 million Swiss francs ($42.5 million) to settle a money laundering investigation at its Swiss private bank, Swiss newspaper SonntagsZeitung reported on Sunday. After four months of inquiries Gene

Published 06 Jul, 2015 12:00am

China rolls out emergency measures to prevent stock market crash

China's stock markets face a make-or-break week after officials rolled out an unprecedented series of steps at the weekend to prevent a full-blown stock market crash that would threaten the world's second-largest economy. The government is anxiously await

Published 06 Jul, 2015 12:00am

Bangladesh's interbank forex, interest rates

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

Published 06 Jul, 2015 12:00am

Currency

Norway to sell FX equivalent to NOK 700 million per day

Norway's central bank will sell foreign exchange equivalent of 700 million Norwegian crowns per day in July, unchanged from its practice in June, the bank said on Tuesday on its page. The bank is selling the currency because the government's transfers to

Published 06 Jul, 2015 12:00am

Drinkers raise glass to a crash in London stock-exchange bar

There is no shortage of liquidity at London's first stock exchange-themed bar, where beer prices fluctuate with demand and the occasional market crash can send prices tumbling. With its sterile white walls, piercing ceiling lights and flatscreen TVs flash

Published 06 Jul, 2015 12:00am

US funds cut target cash allocation to lowest in over a year

US fund managers recommended cutting cash holdings to 13-month lows in their model global portfolio in June, a Reuters poll found, as they looked to take advantage of monetary stimulus by major central banks overseas. Recommended cash allocations were tri

Published 06 Jul, 2015 12:00am

US funds cut target cash allocation to lowest in over a year

Published 06 Jul, 2015 12:00am

Taiwan to launch yuan forex futures

Taiwan will launch Chinese yuan forex futures on July 20, four sources with direct knowledge of the matter said on Wednesday, in the island's latest efforts to become a major offshore yuan market. Taiwan will join Chicago, Hong Kong, Singapore and Brazil,

Published 06 Jul, 2015 12:00am

Currency

Modest rise for Canadian stocks seen before 2016 rebound

Canadian stocks are likely to edge higher in the second half of the year before picking up further in early 2016, as the country's influential energy industry struggles to deal with stubbornly low oil prices, a Reuters poll showed. The survey was conducte

Published 06 Jul, 2015 12:00am

Currency

European stocks to rise but no new peak this year

Top European stocks will rise from current levels by the end of 2015 but fail to hit fresh highs for the year, a Reuters poll forecast last Monday. The poll was conducted last week, during which Greece and its international creditors failed to secure a la

Published 06 Jul, 2015 12:00am

Currency

Amid inflows, BlackRock to expand currency-hedged ETF lineup

BlackRock Inc plans to add 11 new funds to its lineup of iShares currency-hedged ETFs, executives said, amid growing demand for the products. Jane Leung, a BlackRock managing director who oversees the sector, said in a telephone interview on Tuesday that

Published 06 Jul, 2015 12:00am

Currency

Egyptian pound weakens

Egypt's central bank allowed the Egyptian pound to depreciate further on Sunday, having let it weaken for the first time in five months last week. The bank said it offered $40 million and sold $39.6 million at a cut-off price of 7.7301 pounds per dollar a

Published 06 Jul, 2015 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 10	278.14
USD PKR Interbank Buying / May 10	277.97
USD to Japanese Yen / May 10	155.78
USD to Swiss Franc / May 10	0.91
Pound Sterling to USD / May 10	1.25
Euro to USD / May 10	1.08

Stock	Volume
S&P 500 / May 10	5222.68
India Sensex / May 10	72664.47
Tokyo Nikkei / May 10	38229.11
Nasdaq / May 10	16340.87
Hang Seng / May 10	18963.68
FTSE 100 / May 10	8433.76
Dow Jones / May 10	39512.84
Germany DAX 30 / May 10	18772.85

Item	Value
Crude Oil USD/Barrel / May 10	78.26
Gold Spot USD/Ounce / May 10	2360.50
Cotton US¢/pound / May 10	77.31
Karachi Cotton PKR/37.32 KG / May 11	19935
Gold 10 Grams PKR / May 11	208762
Petrol/Litre / May 12	288.49

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 12 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 12 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 12 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 12 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 12 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 12 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 12 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 12 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 12 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 12 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 12 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 12 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 12 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 12 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 12 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 12 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 12 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 12 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

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

Markets →

Calculate your monthly liability in FY24

Most Popular