News Archives for Print - 2015-08-03

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Print - 2015-08-03

The Weather

The weather report on Sunday (August 02, 2015) and the forecast for Monday (August 03, 2015).

Published 03 Aug, 2015 12:00am

Returns on Profit and Loss Sharing Investment Bank Accounts (January to June 2015)

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

Published 03 Aug, 2015 12:00am

Currency

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (July 27 - 31 2015).

Published 03 Aug, 2015 12:00am

Aaj TV - Monday's schedule

All timings are in PST (Pakistan Standard Time).

Published 03 Aug, 2015 12:00am

Parachinar residents: KP chief minister directs provision of graveyard

KP Chief Minister Pervez Khattak has directed provision of land for graveyard for residents of Parachinar (Kurram Agency) residing in Peshawar, Kohat and Abbottabad. Besides provision of two new ambulances for district headquarters hospital, Batagram, he

Published 03 Aug, 2015 12:00am

District Lakki Marwat: basic amenities to be provided on priority basis: KP CM

The Chief Minister Khyber Pakhtunkhwa Pervez Khattak has assured that the gas, electricity and water supply problems of the under developed district of Lakki Marwat will be resolved on priority basis.

Published 03 Aug, 2015 12:00am

LCWU observes anti- dengue day

Lahore College for Women University (LCWU) remained open on Sunday to observe anti dengue day. A seminar for awareness about dengue held in the seminar hall. Acting Vice Chancellor Dr Uzma Qureshi chaired the event. All the Deans, Directors, the faculty,

Published 03 Aug, 2015 12:00am

Immoral activities: three foreign women deported

Pakistan has deported three foreign women for their involvement in immoral activities following the orders of Interior Minister Chaudhry Nisar Ali Khan. According to a spokesperson for the Interior Ministry, the minister has also asked the authorities con

Published 03 Aug, 2015 12:00am

Baab-e-Peshawar to be completed by November

Secretary Local Govt and Rural Development (LG&RD) Khyber Pakhtunkhwa Jamil Ahmad paid a visit to the under-construction Bab-e-Peshawar Flyover and reviewed the pace and quality of work on it. National Logistic Cell (NLC) has started work on this 2-level

Published 03 Aug, 2015 12:00am

Landslide control technology 500,000 saplings to be planted in Murree

Forest Department will plant over 500,000 saplings in Murree area under landslide control technology during current monsoon tree plantation campaign 2015.

Published 03 Aug, 2015 12:00am

Chitral 45 damage assessment teams dispatched

The district administration Chitral has dispatched 45 teams comprising civil and military officials for conducting survey of losses due to recent torrential rains and floods. The teams will prepare its detail report to the provincial government so that re

Published 03 Aug, 2015 12:00am

'There's a need for capacity building': Secretary Punjab Environmental Protection Department

BR Research recently sat down with Iqbal Muhammad Chauhan - Secretary Punjab Environmental Protection Department - to hear about the department's structure, functions and recent activities. Below are edited transcripts of an insightful discussion.

Published 03 Aug, 2015 12:00am

'There's a need for capacity building': Secretary Punjab Environmental Protection Department

Published 03 Aug, 2015 12:00am

Letter to UN

How alarming it is that MQM has submitted a letter to the United Nations (UN) Secretary General Ban Ki-moon, claiming that paramilitary Rangers has been committing excesses against its workers in their ongoing security operation in Karachi. The letter is

Published 03 Aug, 2015 12:00am

Letter box larceny: curious crimes bedevil Britain

A spate of thefts targeting the bright red post boxes that have been a feature of Britain's street corners since the 19th century have forced the postal service to fight back - with an arsenal of hi-tech tools.

Published 03 Aug, 2015 12:00am

FBR reforms - II: Huzaima Bukhari and Dr Ikramul Haq

This is not the first time that the government has hoodwinked International Monetary Fund (IMF) and the public at large. FBR has a long history of overstating revenue collections by manipulating the figures. Way back in 1999, tax bureaucrats inflicted sha

Published 03 Aug, 2015 12:00am

Is privatisation always a success?

Focused on privatisation as a viable policy tool - part 1 looked at global literature on the subject while part 2 focuses on some examples of poor post-privatisation performance in the UK as well as in Pakistan. Where has privatisation gone wrong in pract

Published 03 Aug, 2015 12:00am

Do not yield to traders' pressure

The President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Mian Adrees and Senior Member Inland Revenue Policy, Shahid Hussain Asad, at a joint press conference announced that the government has offered incentives to those unreg

Published 03 Aug, 2015 12:00am

Cotton

The travails of textile

Pakistan's share in global textile trade fell from 2.2 percent to 1.8 percent during the last five years. And more disturbingly this declining trend is expected to continue and fall to 1.5 percent by 2020. This data was revealed to the Senate Standing Com

Published 03 Aug, 2015 12:00am

Currency

French finance minister takes aim at German Schaeuble over Grexit idea

French finance minister Michel Sapin has criticised his German counterpart Wolfgang Schaeuble for suggesting that Greece could temporarily leave the euro zone, but said the Franco-German relationship is "not broken".

Published 03 Aug, 2015 12:00am

In art auctions, US outbidding China: Artprice

Boosted by record-breaking New York sales of a Picasso painting and a Giacometti sculpture, the United States has become the world's leader in public art auctions, unseating China, a 2015 report by Artprice showed.

Published 03 Aug, 2015 12:00am

Egypt court again postpones verdict in Jazeera retrial

An Egyptian court Sunday postponed for a second time its verdict in the retrial of three Al-Jazeera journalists, rescheduling it to August 29 in a move that sparked widespread criticism. The court had already put off its much anticipated verdict last Thur

Published 03 Aug, 2015 12:00am

Three Turkish soldiers killed as PKK steps up attacks

Kurdistan Workers Party (PKK) militants killed two soldiers and wounded 31 in a suicide attack overnight in eastern Turkey, the army said on Sunday, as violence escalated following Ankara's air bombardment targeting Kurdish militants.

Published 03 Aug, 2015 12:00am

Another US hunter suspected of illegal Zimbabwe lion kill

Another US hunter is suspected of killing a lion without a permit in Zimbabwe, the country's parks authority said Sunday, days after the killing of Cecil the lion by an American dentist caused global outrage. A government statement said a crackdown since

Published 03 Aug, 2015 12:00am

Nigeria air strikes kill 'large number' of Boko Haram

Nigeria said Sunday it had carried out air strikes in the northeast of the country to repel an attack by Boko Haram and had killed a "large number" of the Islamist extremists. The air raids came as Nigeria and its neighbours prepared to launch a new multi

Published 03 Aug, 2015 12:00am

UN warns Myanmar flood toll to increase as rains lash region

The toll from flash floods and landslides in Myanmar after days of torrential rain is likely to rise, the UN warned Sunday, as monsoon downpours brought misery to thousands across the region. At least 27 people have been killed and more than 150,000 affec

Published 03 Aug, 2015 12:00am

Obama to unveil 'biggest step ever' in climate fight

US President Barack Obama will Monday unveil what he called the "biggest, most important step we've ever taken" to fight climate change, a sensitive issue central to his legacy. The White House will release the final version of America's Clean Power Plan,

Published 03 Aug, 2015 12:00am

Suu Kyi's party shuns key players for Myanmar poll

The party of Aung San Suu Kyi has rejected bids by 17 members of Myanmar's respected "88 generation" to join its ranks and contest November's election, a controversial omission of a group that was expected to galvanise its bid to dominate the ballot. The

Published 03 Aug, 2015 12:00am

Burundi in crisis as top general assassinated

A top Burundian general and close aide to President Pierre Nkurunziza was killed Sunday in an ambush on his car in the capital Bujumbura, officials and witnesses said. The general killed, Adolphe Nshimirimana, was widely seen as the crisis-hit central Afr

Published 03 Aug, 2015 12:00am

Five killed in clashes near oil port in eastern Libya

Five people were killed and 12 wounded during clashes in eastern Libya between forces loyal to its internationally recognised government and Islamist groups, medics said on Sunday. Fighting broke out on Saturday in the town of Ajdabiya, near the oil port

Published 03 Aug, 2015 12:00am

UN peacekeeper shot dead in Central African Republic

A UN peacekeeping soldier was killed and eight other people injured in an attack by gunmen in the Central African Republic's capital Bangui, a military source said Sunday.

Published 03 Aug, 2015 12:00am

Japanese-dominated car market poised for new entrants

Car market has been dominated by Japanese automakers for decades, but a mini-economic revival looks set to attract new players from Europe and Korea into the mix. Despite heavy taxation on imported vehicles, enthusiasm for owning a car in country has rema

Published 03 Aug, 2015 12:00am

Pakistani envoy calls on Riyadh's governor

Pakistan's ambassador to Saudi Arabia Manzoor-ul-Haq on Sunday called on Prince Faisal bin Bandar bin Abdulaziz Al-Saud to felicitate him on assuming the office of Governor of Riyadh. Matters relating to Pak-Saudi relations and welfare of Pakistani commun

Published 03 Aug, 2015 12:00am

Sindh government urged to take notice of alleged corruption in SEF

Integrated Education Learning Program Schools Owners Association (IELPSOA) has urged the Sindh government to take a notice of alleged corruption of millions rupees in Sindh Education Foundation (SEF) and closure of 200 schools in the province.

Published 03 Aug, 2015 12:00am

Qaim says there's no threat to Sukkur Barrage

Sindh Chief Minister Syed Qaim Ali Shah has said that floodwater will hopefully safely pass through Sindh province, as arrangements have been made in this regard. He was talking to journalists after he received a briefing by the Secretary Irrigation on fl

Published 03 Aug, 2015 12:00am

Two shot dead in Khuzdar

Armed men gunned down two persons over old rivalry here on Sunday and fled the scene. Levies sources said that armed accused opened fire at their opponents in Garesha area of Khuzdar killing two of them on the spot and escaped the scene after committing d

Published 03 Aug, 2015 12:00am

Two bullet- riddled bodies recovered

The police recovered two bullet riddled unidentified bodies here on Sunday. Police said that the dwellers of Chahsar locality of Turbat spotted presence of dead bodies in the locality after which it reached the scene. The bodies were shifted to District H

Published 03 Aug, 2015 12:00am

Seven killed as two groups clash

At-least seven people got killed and three sustained injuries during firing over a family dispute in Hasilpur village in Dadu on Sunday. Firing among the Chandia community killed seven people including women who were shifted first to Seeta hospital and th

Published 03 Aug, 2015 12:00am

Key commander of Ghaffar Zikri gang arrested

Amir aka 'Dhobi' a key commander of Ghaffar Zikri group of Lyari gang war was arrested by police in an encounter in the jurisdictions of Kalri police station, here on Sunday. According to police sources, Amir Dhobi confessed to have killed Rasheed Tension

Published 03 Aug, 2015 12:00am

KP Social Welfare Department de-registers 3,770 NGOs

The Social Welfare Department, Khyber Pakhtunkhwa during last two years has de-registered 3770 non-governmental organisations (NGOs) to bring down the total number of registered NGOs in the province to 230. This was stated by Special Assistant to KP Chief

Published 03 Aug, 2015 12:00am

Process initiated to collect fresh details about seminaries

Inspector General Sindh Police G. H. Jamali presided over a meeting at CPO and reviewed progress and performance of police with regard to implementation on National Action Plan. The meeting was attended by Additional IG Special Branch & Karachi, DIGs of H

Published 03 Aug, 2015 12:00am

Un-manned level crossings: Punjab government allocates Rs 570 million

The Punjab Government has allocated Rs 570 million for the construction of un-manned railways crossings in Punjab. An official in the Ministry of Railways told APP that 65 percent railways level crossings were un-manned across the country which was needed

Published 03 Aug, 2015 12:00am

Additional IG meets Governor Sindh

Additional Inspector General (IG) Karachi Mushtaq Mehar on Sunday met Sindh Governor Dr Ishtraul Ebad Khan in Governor House. Mushtaq Mehr briefed Governor Sindh regarding the ongoing operation against terrorists and criminal elements.

Published 03 Aug, 2015 12:00am

Notorious robber killed in 'encounter'

A notorious robber was killed in exchange of fire with police here on Sunday. Arms were recovered from the possession of the deceased. ASP Masood Bangash said that the encounter took place in Mirwah locality of Khairpur when police launched crackdown to a

Published 03 Aug, 2015 12:00am

Huge cache of weapons seized: commander of banned outfit, three alleged terrorists held

An important commander of a banned outfit was arrested in Quetta while Frontier Corps (FC) on Sunday arrested at least three alleged terrorists from Gandhaka area of Nasirabad.

Published 03 Aug, 2015 12:00am

163 Indian fishermen freed

Pakistani prison authorities on Sunday released as many as 163 Indian fishermen, including a teenager, from the city's Landhi jail. The Indian fishermen were languishing in the jail for the last one year on the charges of violating limits of Pakistan's ma

Published 03 Aug, 2015 12:00am

'Leaky' vaccines may strengthen viruses: study

Defective or 'leaky' vaccines may lead to even more powerful viruses, according to a study on poultry that raises concerns about vaccine development in humans. When a vaccine works as intended - such as for smallpox, polio and measles - it protects those

Published 03 Aug, 2015 12:00am

Mental health suffers most in major nuclear accidents: studies

People caught up in a nuclear disaster are more likely to suffer severe psychological disorders such as depression and post-traumatic stress disorder rather than any harm from radiation, scientists said on July 31.

Published 03 Aug, 2015 12:00am

Earth's 'magnetic personality' much older than previously thought

Earth's magnetic field has been a life preserver, protecting against relentless solar winds, streams of charged particles rushing from the Sun, that otherwise could strip away the planet's atmosphere and water.

Published 03 Aug, 2015 12:00am

Astronomers find star with three super-Earths

Astronomers said on July 30 they had found a planetary system with three super-Earths orbiting a bright, dwarf star - one of them likely a volcanic world of molten rock. The four-planet system had been hiding out in the M-shaped, northern hemisphere const

Published 03 Aug, 2015 12:00am

Slow forest drought recovery may boost climate change: study

Trees and other vegetation take longer than expected to recover from extreme drought, thus storing less carbon dioxide and accelerating global warming, a study said on July 30. Previous climate models assumed that forests bounced back rapidly after period

Published 03 Aug, 2015 12:00am

Get up, stand up for your waist!

Being healthier may be found in something as simple as standing more and sitting less at work, said a study on July 30. Replacing sitting time with standing time appeared to improve sugar, fat and cholesterol levels in the blood, researchers wrote in the

Published 03 Aug, 2015 12:00am

MERS vaccine shows promise in animal studies

Researchers in the United States trying to develop a vaccine against the deadly Middle East Respiratory Syndrome (MERS) virus say they have had early signs of success in animal experiments. Using a two-step approach in mice and rhesus macaques, scientists

Published 03 Aug, 2015 12:00am

Vaccine success holds hope for end to deadly scourge of Ebola

The world is for the first time on the verge of being able to protect humans against Ebola, the World Health Organisation (WHO) said on July 31, as data from a trial in Guinea showed a vaccine was 100 percent effective. Initial results from the trial, whi

Published 03 Aug, 2015 12:00am

Still offline: US non-Internet users stuck at 15 percent

Some 15 percent of American adults are not using the Internet - a figure which has not changed over the past two years, researchers said Tuesday. The findings in the Pew Research Centre survey suggest it may be difficult to get the remaining non-Internet

Published 03 Aug, 2015 12:00am

Sleeping with smartphones, and other devices

Consumers around the world admit it: they sleep with their smartphone, take it in the shower, and would rescue the device from a fire before saving the family cat. Those are among the findings of a seven-country survey of more than 7,000 people about smar

Published 03 Aug, 2015 12:00am

Nokia unveils virtual reality camera for filmmakers

Finnish telecoms equipment maker Nokia unveiled Wednesday its new virtual-reality camera for professional filmmakers and content creators. The ball-shaped gadget captures 3D footage for content creation for devices such as the increasingly popular headset

Published 03 Aug, 2015 12:00am

Intel, Micron memory chip tuned to data driven age

Intel and Micron Technology on Tuesday unveiled what they touted as a new kind of memory chip that could "revolutionise" computing devices, services and applications. Intel and Micron, both based in the United States, said chips with 3D XPoint technology,

Published 03 Aug, 2015 12:00am

Network attached storage can take various shapes & forms

Network-attached storage (NAS) is a great away to share data at home between machines while keeping it secure, but which drive should you use in the NAS devices when they arrive, since they are often sold without that piece of hardware?

Published 03 Aug, 2015 12:00am

Aim, steer, shoot: accessories for gamers

The graphics are not so beautiful and the story not as exciting when a computer game can't be played properly because of not having the right devices. You always need the right tool in hand. Luckily the choice is wide, ranging from simple mice to expensiv

Published 03 Aug, 2015 12:00am

Don't let your social media updates tell thieves you're on vacation

Before you post a photo from your vacation on Facebook, think about who can see it and whether there's any way an opportunistic thief might use the image to put two and two together and realize there's no one home to stop a break-in.

Published 03 Aug, 2015 12:00am

Android flaw lets hackers break in with a text message

Cyber security firm Zimperium on Monday warned of a flaw in the world's most popular smartphone operating system that lets hackers take control with a text message. "Attackers only need your mobile number, using which they can remotely execute code via a

Published 03 Aug, 2015 12:00am

Amazon moves to fuel startups for its platform

Amazon unveiled plans Tuesday to help startups launch and sell their products and services through the US online giant. The program called Amazon Launchpad offers assistance to these new firms to get up and running and get access to the Amazon network.

Published 03 Aug, 2015 12:00am

Google throttles back vision for its social network

Google on Monday said it is throttling back on its vision of having profiles at its social network serve as people's identities across its range of online offerings.

Published 03 Aug, 2015 12:00am

Google adds 20 languages to instant translation app

Google announced Wednesday it was adding 20 new languages for its mobile translation application that reads text and instantly converts to another tongue. The smartphone app now can read 27 languages and instantly convert the text without an Internet conn

Published 03 Aug, 2015 12:00am

Total beats second quarter profit forecast, cost cuts to exceed 2015 goal

French oil major Total posted higher than expected second-quarter profit on July 29, helped by increased refining margins in Europe and accelerated cost-cutting efforts to adjust to a low oil price environment.

Published 03 Aug, 2015 12:00am

DP World begins $1.6 billion Dubai port upgrade

DP World, one of the world's largest port operators, has started building a new $1.6 billion container terminal in Dubai in response to demand for more capacity and larger vessels, it said on July 28.

Published 03 Aug, 2015 12:00am

Volkswagen second quarter profit grows on Europe, cost cuts

Volkswagen posted higher quarterly profit on a strengthening European autos recovery and cost cuts but lowered its sales guidance as demand in China slows. Operating profit at Europe's largest carmaker rose to 3.49 billion euros ($3.85 billion), VW said,

Published 03 Aug, 2015 12:00am

Volkswagen second quarter profit grows on Europe, cost cuts

Published 03 Aug, 2015 12:00am

Currency

Singapore Airlines first quarter net profit more than doubles

Singapore Airlines (SIA) said on July 29 its first quarter net profit more than doubled from a year earlier as fuel expenses fell due to lower oil prices. Net profit for the three months to June came in at Sg$91.2 million ($67 million), up 162 percent fro

Published 03 Aug, 2015 12:00am

Currency

Singapore Airlines first quarter net profit more than doubles

Published 03 Aug, 2015 12:00am

Western Union profit beats estimates

Western Union Co reported a better-than-expected quarterly profit, boosted by its online business, and the world's largest money-transfer company raised its full-year earnings forecast. Western Union said revenue from its online business, including wester

Published 03 Aug, 2015 12:00am

Western Union profit beats estimates

Published 03 Aug, 2015 12:00am

Orange confirms annual targets as recovery takes hold

France's largest telecom operator Orange inched closer to a long-awaited recovery in the second quarter as customers shifted to high-speed mobile and broadband services, allowing it to confirm its annual profit, debt and dividend targets. Quarterly sales

Published 03 Aug, 2015 12:00am

Nordex sees sales growing strongly in 2016

German wind turbine maker Nordex expects sales growth to continue at a high pace next year, its chief financial officer said on July 30, thanks to strong demand from its core European market as well as the United States.

Published 03 Aug, 2015 12:00am

Maruti Suzuki first quarter profit jumps 56 percent

Maruti Suzuki India Ltd , India's top-selling carmaker, said on July 27 first-quarter net profit rose 56 percent helped by lower costs, favourable foreign exchange rates and higher sales, but still missed bullish analyst estimates. Maruti, controlled by J

Published 03 Aug, 2015 12:00am

Maruti Suzuki first quarter profit jumps 56 percent

Published 03 Aug, 2015 12:00am

Currency

British American Tobacco beats expectations

British American Tobacco, the world's No 2 cigarette company, reported better-than-expected performance for the second quarter, helped by cost savings and market share gains. All big tobacco companies are grappling with falling sales in many markets due t

Published 03 Aug, 2015 12:00am

Swiss Re quarterly profit rises, misses expectations

Swiss Re, the world's second-largest reinsurer, said on July 30 that second-quarter net profit rose 2 percent on fewer natural disasters in the period and a healthy return on its investment portfolio, but missed analyst expectations. The Zurich-based firm

Published 03 Aug, 2015 12:00am

GM to invest $5 billion on new Chevrolet for emerging markets

General Motors said on July 28 it would invest $5 billion to introduce a new family of smaller cars under the Chevrolet line targeting emerging markets and co-developed by Chinese partner SAIC Motor. The largest US automaker plans to manufacture and sell

Published 03 Aug, 2015 12:00am

GM to invest $5 billion on new Chevrolet for emerging markets

Published 03 Aug, 2015 12:00am

Bangladesh South Africa Test headed for draw after washout

Bangladesh and South Africa were left frustrated Sunday after rain prevented any play for the third successive day, leaving the second and final Test headed for a draw with just one day remaining.

Published 03 Aug, 2015 12:00am

Zimbabwe beat New Zealand by seven wickets in ODI

The Swedish author tasked with writing the upcoming sequel to the late Stieg Larsson's best-selling Millennium trilogy said Sunday that he was "born for" the job. David Lagercrantz, commissioned to extend the dark crime series that sold more than 80 milli

Published 03 Aug, 2015 12:00am

Australia's batsmen told to toughen up

Australia's top order must be that "little bit tougher" if the team are to win the fourth Test against England according to batting coach Michael di Venuto. The tourists suffered two significant collapses as England won the third Test at Edgbaston by eigh

Published 03 Aug, 2015 12:00am

Saqlain asks batsmen to seek guidance from Miandad, Inzamam

Former off-spinner Saqlain Mushtaq has asked Pakistan's young guns to get the knowledge of staying at the wicket and playing longer innings from cricket legends Javed Miandad and Inzamam-ul-Haq.

Published 03 Aug, 2015 12:00am

China claim ninth world gold in Kazan

China earned their ninth diving gold of these world aquatic championships on Sunday as Wang Han and Yang Hao won the new 3m springboard synchro mixed event on its debut. Chinese divers have now matched their gold medal haul from both the 2007 and 2013 cha

Published 03 Aug, 2015 12:00am

National Karate camp to start from August 5

National Karate camp for the forthcoming 11th South Asian Games in India will be commencing in a joint collaboration of Pakistan Sports Board and Pakistan Karate Federation from August 5 at PSB Coaching Center Lahore.

Published 03 Aug, 2015 12:00am

Nadal claims 67th career title with Hamburg Open victory

Spaniard Rafa Nadal won his 67th career title with a 7-5 7-5 victory against dangerous Italian Fabio Fognini in the final of the Hamburg Open on Sunday. Nadal, a 14-times grand slam champion, has endured an indifferent season winning just two titles in St

Published 03 Aug, 2015 12:00am

Jayasuriya hopes: Sri Lanka will consider to tour Pakistan

Former Sri Lankan captain Sanath Jayasuriya has expressed the hope that Sri Lankan government will seriously consider to send its cricket team to Pakistan as the country is now fully safe for international matches.

Published 03 Aug, 2015 12:00am

Broad eager to lead England attack in Anderson's absence

Stuart Broad has said he's ready to lead England's attack as they bid for an Ashes-clinching win against Australia at his Trent Bridge home ground in the absence of James Anderson. Broad is set to be England's senior bowler in Nottingham after long-time n

Published 03 Aug, 2015 12:00am

PIA promotes Anwar Ali

Nasser Jaffer, Chairman PIA, and Managing Director, PIA Shahnawaz Rehman have congratulated the Pakistan cricket team on winning the T20 match and the series against Sri Lanka. They have also announced the promotion of Anwar Ali in the next Pay Group as a

Published 03 Aug, 2015 12:00am

Waqar credits attacking mindset after thrashing Sri Lanka

Pakistan coach Waqar Younis Sunday hailed his players' positive and attacking approach after they comprehensively defeated Sri Lanka in all three formats on the islanders' home turf. Pakistan clinched the second Twenty20 against Sri Lanka in a sensational

Published 03 Aug, 2015 12:00am

Algeria boosts oil output by 32,000 barrels per day

OPEC member Algeria has increased crude oil output by 32,000 barrels per day after starting production at two fields, an energy ministry official said on Sunday. Production increased on Saturday when the Bir Sebaa field started producing 20,000 bpd in add

Published 03 Aug, 2015 12:00am

HSBC close to $4 billion sale of Brazilian unit

HSBC Holdings Plc is nearing a sale of its Brazilian unit to Banco Bradesco SA for close to $4 billion, FT reported, citing people familiar with the talks. HSBC may announce the deal when it reports results on Monday, the FT report said. (http://on.ft.com

Published 03 Aug, 2015 12:00am

Saudi Mobily swings to second quarter net loss due to Zain dispute

Saudi Arabia's Etihad Etisalat (Mobily), which last week slashed 27 months of profits, swung to a second-quarter net loss on Sunday that missed forecasts as it took provisions relating to a dispute with rival telecom operator Zain Saudi.

Published 03 Aug, 2015 12:00am

Italy local taxes up 22 percent in three years

Taxes levied by Italian cities jumped an average of 22 percent in three years as local authorities tried to offset cuts in spending by the central government as it tackles the budget deficit, the country's accounting watchdog said.

Published 03 Aug, 2015 12:00am

Brazil primary deficit widens in June as economy sinks

Brazil posted a much wider-than-expected primary budget deficit of 9.323 billion reais ($2.78 billion) for June, central bank data showed on Friday, as public accounts continue to suffer under a weakening economy.

Published 03 Aug, 2015 12:00am

Israel needs tax boost, not just spending cuts: central bank

Israel's central bank chief urged the government on Sunday to raise tax revenue by eliminating some tax exemptions in the 2015-2016 budget, rather than relying solely on spending cuts to maintain fiscal responsibility.

Published 03 Aug, 2015 12:00am

Currency

MtGox Bitcoin CEO 'misused customer funds': Japanese media

Mark Karpeles, the head of the collapsed MtGox Bitcoin exchange who was arrested in Tokyo, is facing fresh allegations that he misused $8.9 million in customers' deposits, Japanese media reported Sunday. French-born Karpeles, 30, was arrested on Saturday

Published 03 Aug, 2015 12:00am

Verizon's workers say no strike for now, union talks continue

Verizon Communications Inc and the unions representing its wireline unit employees on the US East Coast said work will go on and talks continue after their current contract expired.

Published 03 Aug, 2015 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 2	278.40
USD PKR Interbank Buying / May 2	278.20
USD to Japanese Yen / May 2	155.37
USD to Swiss Franc / May 2	0.91
Pound Sterling to USD / May 2	1.25
Euro to USD / May 2	1.07

Stock	Volume
S&P 500 / May 1	5018.39
Nasdaq / May 1	15605.48
Dow Jones / May 1	37903.29
India Sensex / May 2	74720.19
Tokyo Nikkei / May 2	38236.07
Hang Seng / May 2	18192.04
FTSE 100 / May 2	8149.68
Germany DAX 30 / May 2	17906.01

Item	Value
Crude Oil USD/Barrel / May 2	79.53
Karachi Cotton PKR/37.32 KG / May 2	20000
Gold 10 Grams PKR / May 2	206619
Gold Spot USD/Ounce / May 2	2311.74
Cotton US¢/pound / May 2	77.01
Petrol/Litre / May 3	288.49

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 3 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 3 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 3 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 3 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 3 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 3 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 3 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 3 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 3 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 3 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 3 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 3 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 3 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 3 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 3 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 3 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 3 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 3 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 3 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 3 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 3 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 3 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 3 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 3 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 3 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 3 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 3 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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