News Archives for Print - 2016-03-07

Balochistan Governor, Muhammad Khan Achakzai, who arrived on a brief visit of the provincial capital Peshawar, had a meeting with his counterpart in Khyber Pakhtunkhwa, Iqbal Zafar Jhagra at Governor's House, here on Sunday.

Published 07 Mar, 2016 12:00am

Meeting mulls measures to boost Halal meat export

A meeting of the representatives of the Local Government Department, Khyber Pakhtunhwa and Agriculture, Livestock and Co-operatives Department, University of Agriculture Peshawar and the private sector was held here on Sunday. The meeting was chaired by S

Published 07 Mar, 2016 12:00am

Out of school children: KP to conduct survey

Khyber Pakhtunkhwa Minister for Elementary and Secondary Education (E&SE), Mohammad Atif Khan has said for collecting real statistics regarding out of school children, the provincial government has planned to conduct a door-to-door survey, so no child rem

Published 07 Mar, 2016 12:00am

Customs seeks help of police, E&T to counter smuggling

Customs Collectorate, Peshawar has sought assistance from provincial police and Excise & Taxation Department to prevent smuggling through rickshaws, motorcycles and cycles from Karkhano Market to other parts of the country. For this purpose, the local cus

Published 07 Mar, 2016 12:00am

Offices of FPCCI to be set up in Islamabad: Alam

Federation of Chambers of Commerce & Industry's (FPCCI) president Abdul Rauf Alam said here on Sunday that offices of the federation will be set up in Islamabad to maintain its liaison with diplomats and to facilitate the foreign trade delegations which a

Published 07 Mar, 2016 12:00am

"Nutrient deficiencies should be the top agenda in the next general election" - Dr Mubarik Ali, PC

One of the Planning Commission's main agendas is to tackle the incidence of food insecurity in Pakistan. BR Research spoke to the Planning Commission team that oversees this subject and discussed what impact devolution has had on the role of PC, the m

Published 07 Mar, 2016 12:00am

"Nutrient deficiencies should be the top agenda in the next general election" - Dr Mubarik Ali, PC

Published 07 Mar, 2016 12:00am

Economic corridor: the good news

This is apropos a news item 'CPEC projects: China disburses $11.24m' carried by the newspaper on Saturday. According to it, the government has to-date disbursed Rs 7.64 billion and China Rs 1.14 billion ($11.24 million) on the proposed $46 billion China-P

Published 07 Mar, 2016 12:00am

Chinese smog has silver lining for mask makers

The steel plants and cement factories scattered across China's Shandong province have made it one of the most contaminated areas of the world's biggest polluter. But for one company, that just makes the business climate better.

Published 07 Mar, 2016 12:00am

Exchange

Low oil prices put strains on Gulf currency pegs

Weak oil prices pose a threat to Gulf Arab states' currency pegs against the dollar, but the energy-rich region is unlikely to abandon the policy yet, analysts say.

Published 07 Mar, 2016 12:00am

The economics behind revenue collections - II

This is the second of a two-part series of articles focused on revenue particularly indirect tax collections as well as non tax revenue. The following table shows growth in collections under different heads.

Published 07 Mar, 2016 12:00am

Trying times for the MQM?

A prominent MQM dissident, Syed Mustafa Kamal, who for the last three years had been living in Dubai after parting ways with his party, suddenly returned home on Thursday, accompanied by an ex-deputy convenor of the party, Anis Qaimkhani, to launch a blis

Published 07 Mar, 2016 12:00am

Growing power sector challenge

A lack of delivery of affordable electricity to consumers (uninterrupted) continues to be our Achilles' heel in 2016. Prime Minister Nawaz Sharif is personally handling the crises. But circular debt remains a lingering issue and despite best efforts to br

Published 07 Mar, 2016 12:00am

MSF to open migrant camp in northern France

The charity Doctors Without Borders (MSF) will on Monday open a refugee camp in northern France without the blessing of the French government. The camp in Grande Synthe is meant to take in migrants who are currently occupying a shanty near the town that i

Published 07 Mar, 2016 12:00am

'Calmest day' in Syria since cease-fire

Regions of Syria covered by a UN-brokered cease-fire Sunday enjoyed the "calmest day" since the truce started, a monitor said, as Moscow and Washington cautioned against any delay in resuming peace talks. "Sunday was the calmest day since the cease-fire c

Published 07 Mar, 2016 12:00am

US builds two air bases in Kurdish-controlled north Syria

The United States has nearly finished setting up an air base in Kurdish-controlled northern Syria and was proceeding with the construction of a second base for dual military and civilian use, a Kurdish website said on Sunday.

Published 07 Mar, 2016 12:00am

Exchange

Yemen's food crisis deepens as banks cut credit for shipments

Banks have cut credit lines for traders shipping food to war-torn Yemen, where ports have been battlegrounds and the financial system is grinding to a halt, choking vital supplies to an impoverished country that could face famine.

Published 07 Mar, 2016 12:00am

Bomb-making materials found in North Ireland country park

A "significant" amount of bomb-making components and explosives has been found at a country park around 25 miles north of Belfast in Northern Ireland, police said on Sunday.

Published 07 Mar, 2016 12:00am

France awards top honour to Saudi prince, discreetly

President Francois Hollande has awarded the Legion d'Honneur, France's highest honour, to visiting Saudi crown prince Mohammed bin Nayef, the president's office confirmed on Sunday.

Published 07 Mar, 2016 12:00am

Ban urges mediated Western Sahara settlement

UN chief Ban Ki-moon said Sunday he has asked his envoy for Western Sahara to work to relaunch talks between Morocco and the Algeria-backed Polisario Front on the disputed desert territory. The secretary general made the announcement in Algiers, the main

Published 07 Mar, 2016 12:00am

Egypt accuses Muslim Brotherhood, Hamas of assassinating prosecutor

Egypt has accused exiled Muslim Brotherhood officials of conspiring with Gaza-based Hamas militants to assassinate Public Prosecutor Hisham Barakat last year and arrested 14 people in connection with the attack.

Published 07 Mar, 2016 12:00am

China warns Hong Kong not to politicise issues

China's third-ranked Communist Party leader Zhang Dejiang said Hong Kong shouldn't "politicise everything" and should instead focus on integrating its economy with China's, according to members of China's parliament who met with him on Sunday. A day after

Published 07 Mar, 2016 12:00am

Libor

Slovakia in shock over far-right party's election success

Slovakia was haunted by ghosts of its past on Sunday after far-right militants who have donned uniforms modelled on a World War Two Nazi puppet state won seats in parliament for the first time.

Published 07 Mar, 2016 12:00am

Traders concerned over delay in arrest of Haleem Jan's killers

The business community has expressed great concern over delay in arrest of killers of their leader, Haji Muhammad Haleem Jan who was brutally murdered by a target killer on February 9, 2016 in busy Kissa Khawani Bazaar in broad day light.

Published 07 Mar, 2016 12:00am

'Trilateral trade accord to boost Pak-Tajik economic ties'

Ambassador of Tajikistan Sherali Saidamir Jononove has said that Pak-Tajik bilateral trade and economic relations would be further strengthened after finalisation of trilateral agreement on transit trade among Pakistan, Afghanistan and Tajikistan (PAT).

Published 07 Mar, 2016 12:00am

Chaudhry brothers' politics buried: Sana

Provincial Minister for Law Rana Sanaullah Khan, commenting on the statement of Chaudhry Shujaat, has said that the politics of Chaudhry Brothers have been buried as people are aware of corruption, loot, and plunder and nepotism of the tenure of Chaudhry

Published 07 Mar, 2016 12:00am

Symposium on 'gynaecological diseases' held at Ziauddin University

Ziauddin University in collaboration with Royal College of Obstetricians and Gynecologists (RCOG) on Sunday organised an international symposium on "Gynaecological diseases".

Published 07 Mar, 2016 12:00am

87 Indian fishermen released

The government on Sunday released 87 Indian fishermen held for violating its territorial waters and officials said a similar number would be freed later this month. "We have total 536 Indian fishermen in prison and today we released 87 of them while 86 mo

Published 07 Mar, 2016 12:00am

Bilawal pays tributes to Abdullah Murad

Chairman Pakistan Peoples Party Bilawal Bhutto Zardari paid glowing tributes to his party's slain MPA Abdullah Murad Baloch on his 12th death anniversary being observed in Malir on Sunday.

Published 07 Mar, 2016 12:00am

Summit Bank appoints M Zahir Esmail as President, CEO

The Chairman & Board of Directors of Summit Bank appointed Mohammad Zahir Esmail as its President and Chief Executive Officer. He will take over from the retiring President and CEO, Husain Lawai who retired after serving over 45 years in leading positions

Published 07 Mar, 2016 12:00am

Role of NAB has become controversial: Chandio

Advisor to Sindh Chief Minister on Information, Moula Bux Chandio has said that the role of NAB has become controversial because of some statements given by political parties regarding its impartiality and now the bureau has to do something to restore and

Published 07 Mar, 2016 12:00am

Chaudhry Saeed meets Shahbaz

Punjab Chief Minister Muhammad Shahbaz Sharif and Chaudhry Ahmed Saeed of Service Industries held a meeting, here on Sunday and discussed matters of mutual interest and political affairs. The Chief Minister said under the leadership of Prime Minister Muha

Published 07 Mar, 2016 12:00am

Seeking amendment to Contempt of Court law: Private bill on Senate agenda for today

A bill to amend the Contempt of Court law to provide for the punishment of imprisonment and fine in case of criminal and judicial contempt of court and for a fine of Rs100,000 only in case of civil contempt is on the Senate agenda for Monday.

Published 07 Mar, 2016 12:00am

'Surprising gaps' in ovarian cancer research: US report

Ovarian cancer, often called the "silent killer," is poorly understood by researchers and often does not even arise in the ovaries, a US panel said on March 02. With no cure in sight, no reliable early screening tests and a lack of effective treatments fo

Published 07 Mar, 2016 12:00am

Cause of bad skin may be low-vitamin diet

Suffer from bad skin? Doctors say too much of your favourite food could be to blame. For healthy skin, people need a balanced diet, even if it occasionally means eating something you like less. A varied and balanced diet provides important nutrients like

Published 07 Mar, 2016 12:00am

Fighting infections with viruses, as antibiotics fail

When doctors told Christophe Novou that his leg would have to be amputated at the hip due to a raging bacterial infection, the 47-year-old Frenchman thought about killing himself.

Published 07 Mar, 2016 12:00am

Low risk of getting Ebola from survivor

The risk of catching Ebola from a survivor is generally low since the virus disappears from the blood within weeks, but it may persist in semen for many months, researchers said. Until now, scientists have been uncertain of how to characterize the risk of

Published 07 Mar, 2016 12:00am

Aspirin lowers risk of cancer: study

People who take aspirin regularly have a significantly lower risk of cancer, particularly involving the colon and gastrointestinal tract, according to US research published on March 03. The findings in the Journal of the American Medical Association (JAMA

Published 07 Mar, 2016 12:00am

Study shows how Zika virus could cause fetal brain defects

The Zika virus is capable of quickly infecting and harming developing fetal brain cells, scientists said on March 04 in a study that provides insight into how the virus might cause the birth defect microcephaly in fetuses exposed in the womb.

Published 07 Mar, 2016 12:00am

As sea levels rise, economic damage piles up even faster: study

As sea levels rise, threatening cities from New York to Shanghai, the economic damage will increase even faster, scientists said on February 29.

Published 07 Mar, 2016 12:00am

Climate impact predicted to cause 500,000 extra deaths in 2050

Climate change could cause significant changes to global diets, leading to more than half a million extra deaths in 2050 from illnesses such as stroke, cancer and heart disease, experts said on March 02.

Published 07 Mar, 2016 12:00am

Starboard to push for control of board in upcoming Yahoo talks

Starboard Value LP, the activist hedge fund leading an investor revolt against Yahoo Inc's management team, will push for control of the company's board in talks scheduled for next week, according to people familiar with the matter. The talks between the

Published 07 Mar, 2016 12:00am

Online casino games maker NetEnt sees room for further expansion

Sweden's NetEnt, which makes online slot machines and roulette games, wants to double its share of the global market to 30 percent despite doubts about whether it can sustain its rapid growth and an uncertain U.S. regulatory landscape. NetEnt is one of a

Published 07 Mar, 2016 12:00am

Amazon, targeting smart homes, adds devices to 'Alexa' family

Amazon unveiled two devices Thursday in the family of its "Alexa" voice-activated personal assistant, aiming for a bigger foothold in the smart-home market.

Published 07 Mar, 2016 12:00am

Electric supercar wins young Croatian global fame

He's the name behind the world's first electric supercar, winning international plaudits for his ingenuity. But for Croatia's 28-year-old Mate Rimac, it all started as a hobby in his garage. A keen techie since high school, Rimac was racing an old BMW whe

Published 07 Mar, 2016 12:00am

Virtual reality promises to transform film

Chris Milk stepped onto a TED Conference stage and took the audience on an awe-inducing trip into the future of movies. While much of the early attention on virtual reality has focused on use of the immersive technology in video games, Milk and his US sta

Published 07 Mar, 2016 12:00am

Virgin Galactic unveils new spaceship 16 months after deadly crash

Virgin Galactic, the space tourism company owned by British billionaire Richard Branson, last Friday unveiled a new commercial spaceship, more than a year after its predecessor crashed and killed one of its pilots.

Published 07 Mar, 2016 12:00am

Google tests digital wallets that can stay in pockets

Google on Wednesday said it is testing ways to let people use digital wallets without having to even take smartphones out of their pockets. The Internet colossus is dabbling with ways to make its Android Pay system for smartphones hands-free, with verific

Published 07 Mar, 2016 12:00am

Google tweaks 'right to be forgotten' in EU searches

Google said Friday it would implement changes in how it applies the so-called right to be forgotten for online searches made in Europe. The changes, to be implemented next week, would close a loophole that allowed Europeans to find deleted entries by usin

Published 07 Mar, 2016 12:00am

Sri Lanka backtracks on website registration demands

Sri Lanka rowed back on a decision to force all websites to register with the government on Thursday, a day after the announcement triggered claims of a return to media censorship. The government, which came to power last year promising to end censorship,

Published 07 Mar, 2016 12:00am

Microsoft boss shows refreshing M&A restraint

Microsoft boss Satya Nadella's caution on acquisitions is a refreshing change at the $400 billion giant. Along with co-founder Bill Gates, the chief executive declined to splash out some $8 billion for corporate messaging service Slack Technologies, accor

Published 07 Mar, 2016 12:00am

China lays out its vision to become a tech power

China aims to become a world leader in advanced industries such as semiconductors and in the next generation of chip materials, robotics, aviation equipment and satellites, the government said in its blueprint for development between 2016 and 2020.

Published 07 Mar, 2016 12:00am

BP boss gets 20 percent rise in total pay despite firm's $6.5 billion loss

BP Chief Executive Bob Dudley's total pay rose 20 percent to nearly $20 million in 2015, a year when the oil major settled most of its US oil spill litigations but also posted a record loss as crude prices plummeted.

Published 07 Mar, 2016 12:00am

Dieselgate hits Audi profit in hint of cost to VW

Volkswagen's Audi gave an early indication of the costs of the "Dieselgate" scandal to the German carmaker on March 03, reporting that it had cut into its 2015 profit. Audi said its operating profit fell 6.1 percent to 4.84 billion euros ($5.3 billion) on

Published 07 Mar, 2016 12:00am

Dieselgate hits Audi profit in hint of cost to VW

Published 07 Mar, 2016 12:00am

Exchange

Nestle eyes Egypt growth despite dollar squeeze

Nestle is pushing ahead with plans to invest 1 billion Egyptian pounds ($127.71 million) in Egypt in the next few years, despite a foreign exchange shortage that has made it harder to finance imports and repatriate profit.

Published 07 Mar, 2016 12:00am

Exchange

Nestle eyes Egypt growth despite dollar squeeze

Published 07 Mar, 2016 12:00am

Tata seeks buyer for Neotel unit after Vodacom scraps deal

India's Tata Communications Ltd is looking for another buyer for its South African fixed-line subsidiary Neotel after a deal with Vodacom Group Ltd fell through, Chief Executive Vinod Kumar said on March 02.

Published 07 Mar, 2016 12:00am

UBS considers acquisitions to expand wealth management in Europe

UBS may consider making acquisitions to boost its European wealth management business to take market share from rivals, its private banking head for Europe told Reuters. "There are certain markets that we focus on, certain markets where we're prepared to

Published 07 Mar, 2016 12:00am

Middle East funds turn more positive on Saudi equities: survey

Middle East fund managers have become more positive on Saudi Arabian equities after valuations dropped and because of signs that oil prices may be bottoming out, a monthly Reuters survey shows.

Published 07 Mar, 2016 12:00am

Middle East funds turn more positive on Saudi equities: survey

Middle East fund managers have become more positive on Saudi Arabian equities after valuations dropped and because of signs that oil prices may be bottoming out, a monthly Reuters survey shows.

Published 07 Mar, 2016 12:00am

Currency

SNB confirms $23.45 billion loss for 2015

Switzerland's central bank on March 04 confirmed it posted a record loss of 23.3 billion Swiss francs ($23.45 billion) in 2015. The loss was largely due to losses on the SNB's foreign currency holdings given the franc's surge in value when the Swiss Natio

Published 07 Mar, 2016 12:00am

Exchange

LME revenue surges 36pc in 2015

The London Metal Exchange posted a 36 percent jump in revenue for 2015 to HK1.735 billion ($223.15 million), as higher trading fees and tariffs helped it offset a drop in volumes, its Hong Kong owner said on March 02.

Published 07 Mar, 2016 12:00am

Gazprom aims for more gas auctions in Europe

Russian gas giant Gazprom intends to hold more gas auctions this year after planned sales to the Baltic states, Elena Burmistrova, the head of the company's exporting arm, told Reuters in an interview Gazprom held a trial gas auction in September, selling

Published 07 Mar, 2016 12:00am

Isner spearheads America to victory over Australia

John Isner powered the United States to victory over Australia in the Davis Cup World Group tie with a masterful serving performance at Kooyong on Sunday.

Published 07 Mar, 2016 12:00am

Anti-graft chief likens match-fixers to paedophiles

The head of world cricket's anti-corruption body Sunday compared match-fixers who groom players to paedophiles, as he expressed hope that the imminent World Twenty20 would be scandal-free.

Published 07 Mar, 2016 12:00am

Mata off as Man Utd lose, Benteke saves Liverpool

Juan Mata was sent off as Manchester United's hopes of Champions League qualification were dealt a serious setback in a 1-0 defeat at West Bromwich Albion on Sunday. The Spaniard received two quick-fire bookings mid-way through the first half, for blockin

Published 07 Mar, 2016 12:00am

Marathon man Djokovic levels Davis Cup clash

World number one Novak Djokovic battled for almost five hours to defeat Mikhail Kukushkin 6-7 (6/8), 7-6 (7/3), 4-6, 6-3, 6-2 to level the Davis Cup World Group first round tie between Serbia and Kazakhstan on Sunday.

Published 07 Mar, 2016 12:00am

Russia violating anti-doping criteria, claims documentary

Russian athletics is still violating the strict criteria laid out by the IAAF and WADA, leaving it at risk of not being reinstated to international competition before the Rio Olympics, claims a German documentary.

Published 07 Mar, 2016 12:00am

China complete Davis Cup clean sweep against Pakistan

China on Sunday completed its clean sweep against Pakistan in a Davis Cup tie, winning both single matches on day three at the Sri Lanka Tennis Association courts.

Published 07 Mar, 2016 12:00am

Messi double keeps Barca record rolling

A Lionel Messi-inspired Barcelona tightened their grip on the La Liga title race with a comprehensive 4-0 win at Eibar on Sunday to open up an 11-point lead at the top. Munir El Haddadi tapped home the opener from Luis Suarez's cross before Messi doubled

Published 07 Mar, 2016 12:00am

Record-breaking Aussies win last ball thriller

A record partnership between David Warner and Glenn Maxwell spurred Australia to a last-ball victory in the second Twenty20 international against South Africa at the Wanderers Stadium on Sunday.

Published 07 Mar, 2016 12:00am

India beat Bangladesh for sixth Asia Cup title

Indian opener Shikhar Dhawan scored a swashbuckling fifty to help his side crush Bangladesh by eight wickets and clinch the Asia Cup Twenty20 cricket title on Sunday. It was India's sixth Asia Cup title - although their previous winning meets were all hel

Published 07 Mar, 2016 12:00am

India beat Bangladesh for sixth Asia Cup title

Published 07 Mar, 2016 12:00am

Bolivia agrees $300 million nuclear complex with Russia's Rosatom

Bolivia and Russia's state-owned atomic energy corporation Rosatom said on Sunday they had signed a provisional agreement for the construction of $300 million nuclear complex in the Andean nation.

Published 07 Mar, 2016 12:00am

Exchange

Nigeria's president rejects IMF calls to lift FX curbs, end naira freeze

Nigeria's President Muhammadu Buhari has rejected calls by the International Monetary Fund (IMF) to lift the West African country's foreign exchange curbs and allow a more flexible rate for its currency.

Published 07 Mar, 2016 12:00am

Germany's economic engine throttles back over 'what if' uncertainties

Nervousness among buyers of German goods around the world - often over problems that have yet to materialise - is forcing some of the nation's small- and mid-sized manufacturers to postpone investments, and threatening to stunt economic growth.

Published 07 Mar, 2016 12:00am

Pilot shortage hits US regional airlines

Mid-sized and regional airlines in the US are suffering from a pilot shortage that could threaten the health of the broader US aviation industry. The labour shortfall has led to cancelled flights at carriers like Mesa Airlines and Silver Airways. That has

Published 07 Mar, 2016 12:00am

Currency

Faith in central banks' healing powers faltering: BIS

Financial markets' shaky start to the year shows they are losing faith in the "healing powers" of central banks, the Bank for International Settlements (BIS) said on Sunday while voicing concerns over sub-zero interest rates and emerging economies.

Published 07 Mar, 2016 12:00am

British retailers invite rival brands to fill their empty spaces

As online deliveries surge and shop sales fall, Britain's retailers are looking to refit their once bustling superstores with new attractions such as rivals' fashion brands to fill empty spaces and keep shoppers coming through the door.

Published 07 Mar, 2016 12:00am

Egypt replaces head of agriculture quarantine authority

Egypt has appointed a new head of its agriculture quarantine authority, the ministry of agriculture said on Sunday, replacing Saad Moussa, who has been at the centre of a controversy over the country's wheat imports.

Published 07 Mar, 2016 12:00am

Libor

Bankers jostle to be junior as UK accountability rules kick in

New rules to hold bosses responsible for wrongdoing at British banks is deterring some bankers from taking on senior management roles and even prompting big-hitters to play down their own importance, say legal and compliance experts.

Published 07 Mar, 2016 12:00am

Commerzbank names retail bank head Zielke as new CEO

Germany's Commerzbank has named retail banking head Martin Zielke as its next chief executive officer from May 1, as the country's second-biggest lender prepares to set medium-term targets.

Published 07 Mar, 2016 12:00am

RWE subsidiary Npower to axe 2,500 British jobs

British energy provider Npower, a subsidiary of German giant RWE, will announce this week that it is cutting 2,500 jobs, according to media reports on Sunday. This means losing more than a fifth of the 11,500 jobs which Npower's operations support in Brit

Published 07 Mar, 2016 12:00am

French PM Valls says no blackmail to pass labour reform

France's prime minister, Manuel Valls, said on Sunday he will not commit blackmail by threatening to resign, as the government is facing opposition to pass the new labour reform.

Published 07 Mar, 2016 12:00am

Currency

Market intervention, politics cloud outlook on Latin America FX

Latin American currencies are likely to remain volatile after a surprising recovery last month, with Brazil's political crisis still hurting the real and the Mexican peso clouded by signs of economic deterioration, a Reuters poll showed on Thursday.

Published 07 Mar, 2016 12:00am

Dollar still in favour, but recent losses unlikely to be recouped

The dollar will appreciate against major currencies in the coming months, a Reuters poll found, but not enough to make up for the losses incurred just before and since the Federal Reserve raised interest rates in December. Since December, investors have r

Published 07 Mar, 2016 12:00am

Exchange

Canada's TSX hires Bitcoin guru, studies currency's technology

The Toronto Stock Exchange has hired a Bitcoin entrepreneur as its first chief digital officer as it explores the capabilities of blockchain, the technology behind the virtual currency, a senior executive at TSX parent TMX Group said on Thursday.

Published 07 Mar, 2016 12:00am

Exchange

More stable outlook for emerging FX on slower Fed rate hikes

The three-year rout in foreign exchange emerging markets is probably easing off, a Reuters Poll suggested on Thursday, with an increasing number of strategists questioning whether the US dollar will be able to set new highs.

Published 07 Mar, 2016 12:00am

Exchange

Gulf markets gain as oil nears $39

Firmer oil prices and a revival of global risk appetite helped lift stock markets in the Middle East on Sunday, as heavyweight petrochemical firms and banks boosted Saudi Arabia's bourse in heavy trade. Moody's Investors Service put the debt ratings of Sa

Published 07 Mar, 2016 12:00am

Bangladesh's interbank forex and interest rates

Interbank buy/sell rates for the taka against the dollar on Sunday. 78.45-78.45 (previous 78.45-78.45). 02.25-04.50 percent (* previous 01.40-04.50 percent). (* revised).

Published 07 Mar, 2016 12:00am

Exchange

Brexit would hurt UK economy, may lead to sterling crisis

Britain's economy would be worse off if the country left the European Union, according to foreign exchange strategists who said a so-called Brexit might also cause a sterling crisis.

Published 07 Mar, 2016 12:00am

European funds cut equity holdings, raise bonds

European funds cut their equity exposure in February to the lowest since December 2014 while raising holdings of bonds and non-conventional assets as a global stock market sell-off stretched into its fourth month.

Published 07 Mar, 2016 12:00am

European funds cut equity holdings, raise bonds

Published 07 Mar, 2016 12:00am

Egypt's Pioneers to complete Rooya listing in second half 2016

Pioneers Holding, one of Egypt's largest financial services firms, expects to complete a 2 billion Egyptian pound ($255 million) initial share offering of property developer Rooya Group in the second half of this year.

Published 07 Mar, 2016 12:00am

Exchange

Egypt's central bank holds exceptional $500 million FX auction

Egypt's central kept bank kept the pound stable at 7.7301 pounds against the dollar at an exceptional auction on Sunday for the sale of $500 million to cover imports of strategic goods, bankers said, pumping more foreign exchange into an economy that has

Published 07 Mar, 2016 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 16	278.55
USD PKR Interbank Buying / May 16	278.25
USD to Japanese Yen / May 16	155.81
USD to Swiss Franc / May 16	0.91
Pound Sterling to USD / May 16	1.27
Euro to USD / May 16	1.09

Stock	Volume
S&P 500 / May 16	5297.10
India Sensex / May 16	73663.72
Tokyo Nikkei / May 16	38697.69
Nasdaq / May 16	16698.32
Hang Seng / May 16	19535.72
FTSE 100 / May 16	8438.65
Dow Jones / May 16	39869.38
Germany DAX 30 / May 16	18738.81

Item	Value
Crude Oil USD/Barrel / May 16	79.42
Karachi Cotton PKR/37.32 KG / May 16	19935
Gold 10 Grams PKR / May 16	210562
Gold Spot USD/Ounce / May 16	2377.52
Cotton US¢/pound / May 16	76.26
Petrol/Litre / May 17	273.10

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 17 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 17 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 17 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 17 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 17 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 17 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 17 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 17 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 17 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 17 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 17 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 17 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 17 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 17 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 17 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 17 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 17 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 17 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 17 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 17 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 17 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 17 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 17 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 17 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 17 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 17 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 17 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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