News Archives for Print - 2016-03-21

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Print - 2016-03-21

The Weather

The weather report on Sunday (March 20, 2016) and the forecast for Monday (March 21, 2016).

Published 21 Mar, 2016 12:00am

Returns on Profit and Loss Sharing Investment Bank Accounts (July to December 2015)

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

Published 21 Mar, 2016 12:00am

Exchange

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (March 14 to 18, 2016).

Published 21 Mar, 2016 12:00am

Aaj TV - Monday's schedule

All timings are in PST (Pakistan Standard Time).

Published 21 Mar, 2016 12:00am

Landslides in Murree Minister sets up bodies to assess damages

Punjab Minister for Labour and Manpower, Raja Ashfaq Sarwar visited worst areas affected by landslides in Murree and constituted Committees headed by Assistant Commissioner Murree and Kotli Sattian to assess damages. The teams will be comprising officers

Published 21 Mar, 2016 12:00am

Shutter-down strike observed in Bajaur Agency

Shutter down strike was observed in Bajaur Agency on Sunday against the closure of the Inayat Kalley Bazaar that had been closed for the last 19 days by political administration due to killing of FC officials by unknown miscreants. The strike call was giv

Published 21 Mar, 2016 12:00am

PN warship reaches French island for joint exercise

Pakistan Navy (PN) warship - PNS ASLAT - has reached French Islanad De LA Reunion to participate in an exercise with the French Navy, according to the PN's media update issued here on Sunday.

Published 21 Mar, 2016 12:00am

7,500 drug registration pending cases to be cleared in 2016

Drug Regulatory Authority of Pakistan (DRAP) will clear all 7,500 pending cases of drugs registration in current year. Chief Executive officer (CEO) of DRAP, Dr Muhammad Aslam Sunday said that out of total registration cases, 3,500 were old pending cases

Published 21 Mar, 2016 12:00am

Violence against women key concern in overall agenda: Maleeha

Pakistan is determined to work towards achieving the targets set for gender equality and empowerment of women by the Sustainable Development Goals (SDGs), Ambassador Maleeha Lodhi has said.

Published 21 Mar, 2016 12:00am

Vegetable Oil

'Commodity prices to remain soft' - Deputy Administrator Jocelyn Brown, FAS

Jocelyn G. Brown is the Deputy Administrator in USDA's Foreign Agricultural Service (FAS). In this position, she oversees USDA's international food and technical assistance programs. Before serving as Deputy Administrator, she covered trade policy

Published 21 Mar, 2016 12:00am

Vegetable Oil

'Commodity prices to remain soft' - Deputy Administrator Jocelyn Brown, FAS

Published 21 Mar, 2016 12:00am

Musharraf's departure

This is apropos Business Recorder editorial "Political point scoring" carried by it yesterday. The newspaper has concluded: "Perhaps, the PPP was better placed to seek trial of Musharraf in both the cases than the PML (N) which filed the treason ca

Published 21 Mar, 2016 12:00am

Corporates line up to cash in on ECB funding

The European Central Bank's plan to buy corporate bonds to help the eurozone economy is boosting the private-sector debt market which promptly responded with a new record-sized company bond.

Published 21 Mar, 2016 12:00am

Social protection key to tackle Asia-Pacific's inequality trap

Rising inequality threatens to derail, from the start, successful implementation of the new 2030 Agenda for Sustainable Development in the Asia-Pacific region. Stronger, more equitable social protection will be critical in overcoming these challenges.

Published 21 Mar, 2016 12:00am

Exchange

A tale of two Budgets - II

This is the second of a two-part series of articles on the Indian budget and comparisons with Pakistani budgets. Part-one focused on revenue generation while part-II will focus on expenditure allocations.

Published 21 Mar, 2016 12:00am

No refugee beyond Turkey

After hectic negotiations and tenacious bargaining the EU has succeeded in securing Turkey's agreement to act as a bulwark of Europe against the refugees who arrive across the treacherous waters of the Aegean. Under the agreement, signed in Brussels on Th

Published 21 Mar, 2016 12:00am

Auto policy: Don't alienate the Japanese

Economic Coordination Committee (ECC) of Cabinet is a policymaking body. Its members' job is to debate issues thoroughly after they are able to forge consensus among all stakeholders. Finance Minister Muhammad Ishaq Dar has, therefore, done well in bringi

Published 21 Mar, 2016 12:00am

Exchange

'Bad governance behind massive deforestation'

Society for Conservation and Protection of Environment (SCOPE) Chief Executive Officer (CEO) and prominent environmentalist Tanveer Arif has said that bad governance is behind massive deforestation in the country.

Published 21 Mar, 2016 12:00am

Sindh government to purchase 100 new dialysis machines: minister

Sindh Minister for Health Jam Mehtab Hussain Dahar has said that the provincial government is going to purchase 100 new dialysis machines of which 50 will be given to the Sindh Institute Urology and Transplantation (SIUT).

Published 21 Mar, 2016 12:00am

Mumtaz Bhutto, others to launch movement against Sindh government

The opposition parties in Sindh have decided to initiate a movement against the provincial government from April 1 for alleged corruption and maladministration. The movement would be under the aegis of the Grand Democratic Alliance (GDA) formed by the opp

Published 21 Mar, 2016 12:00am

Rain-hit areas: Zardari for intensified relief activities

President of Pakistan Peoples Party Parliamentarian (PPPP) Asif Ali Zardari has expressed profound grief over the loss of more than two dozen precious lives, injuries to scores of others in torrential rain-related incidents in Khyber Pakhtunkhwa (KP), Fed

Published 21 Mar, 2016 12:00am

Kamal's party to throw up another 'surprise': Haroon

Raza Haroon, who has recently joined an unnamed political party of Mustafa Kamal, Sunday said his party would give another surprise to the nation in a press conference today. Talking to media after meeting Pakistan Tehreek-e-Insaf (PTI) leader Imran Ismai

Published 21 Mar, 2016 12:00am

Kasuri says no 'deal' behind Musharraf's departure

Senior lawyer and leader of All Pakistan Muslim League (APML), Ahmed Raza Kasuri on Sunday dismissed notion that departure of Pervez Musharraf was result of a secret deal between the government and the former military dictator.

Published 21 Mar, 2016 12:00am

Two bullet-riddled bodies found

Two bullet-riddled bodies were recovered from Korangi area, here on Sunday. Police and rescue sources said that two bodies were recovered from Korangi Crossing area of Karachi.

Published 21 Mar, 2016 12:00am

Punjab-based textile mills: APTMA chairman hails provision of RLNG

Chairman All Pakistan Textile Mills Association, Tariq Saud thanked the Prime Minister Mian Muhammad Nawaz Sharif, Federal Minister for Finance Muhammad Ishaq Dar, Federal Minister for Petroleum & Natural Resources Shahid Khaqan Abbasi and Special Assista

Published 21 Mar, 2016 12:00am

Bilawal asks party activists to gear up for 2018 general elections

Chairman Pakistan People's Party (PPP) Bilawal Bhutto Zardari on Sunday asked the party cadres to gear up and make advance preparations for 2018 general elections as the party has to be fully activated and mobilised to the grass-root levels to reinvent it

Published 21 Mar, 2016 12:00am

KE urged to charge consumers according to meter-reading

Senior Advisor Ombudsman's Regional Office, Farzana Jabeen, has urged the K-Electric to send bills to the consumers as per actual meter-readings. She said that in many cases, the poor citizens are not sent bills as per meter reading that is why they are u

Published 21 Mar, 2016 12:00am

Bilawal condemns killings of Muslim traders in India

Bilawal Bhutto Zardari Chairman of Pakistan People's Party, condemned brutal and shocking murders of two Muslim cattle traders in Indian state of Jharkhand at the hands of extremist Hindus. He asked the Indian government to nab the culprits involved and p

Published 21 Mar, 2016 12:00am

86 Indian fishermen freed

Govt on Sunday released 86 Indian fishermen held for trespassing into its territorial waters, officials said, the second batch freed this month. "We released 86 more Indian fishermen today," Superintendent of Malir prison Raja Mumtaz told AFP, adding that

Published 21 Mar, 2016 12:00am

Karachi operation aimed at crushing criminals, not any party: DG Rangers

Director General (DG) Pakistan Rangers (Sindh) Major General Bilal Akbar on Sunday clarified that Karachi operation was only against criminals and not against any party. This he said while talking to a 70-member delegation of All Pakistan Security Service

Published 21 Mar, 2016 12:00am

Exchange

Barca extend advantage despite blowing two-goal lead

Barcelona extended their lead at the top of La Liga to nine points despite blowing a two-goal advantage to draw 2-2 at Villarreal on Sunday. Ivan Rakitic and a controversial Neymar penalty had Barca on course for a 13th consecutive La Liga win before half

Published 21 Mar, 2016 12:00am

Rashford ends Man City bid as United rise again

Teenage sensation Marcus Rashford struck again as Manchester United won 1-0 at Manchester City on Sunday to rekindle their top-four challenge and fatally compromise their derby rivals' Premier League title hopes. Rashford embarrassed hapless City defender

Published 21 Mar, 2016 12:00am

Djokovic stops Nadal to reach Indian Wells final

Novak Djokovic toppled a resurgent Rafael Nadal in straight sets Saturday and to reach the Indian Wells final, where he'll be seeking a third straight and record fifth overall title.

Published 21 Mar, 2016 12:00am

KPK athletic trials on March 25

Khyber Pakhtunkhwa Athletic Association has decided to hold trials on March 25 at 9am at the Tartan Track of the Qayyum Sports Complex for the forthcoming Quaid-e-Azam Inter-Provincial Games to be held in Islamabad in next month.

Published 21 Mar, 2016 12:00am

Jansher hails PSF for restoration of international squash

Squash wizard and legendry Jansher Khan Sunday said that the president of Pakistan Squash Federation, Air Chief Marshal Sohail Aman, Chief of the Air Staff Pakistan Air Force for taking a bold initiatives for the restoration international squash in the co

Published 21 Mar, 2016 12:00am

Shahbaz distributes prizes as first CM Cup Golf ends

Punjab Chief Minister Muhammad Shahbaz Sharif distributed prizes among the winning players in the prize distribution ceremony of first Chief Minister's Cup Golf Tournament at Lahore Gymkhana Golf Club Sunday and congratulated them on their success.

Published 21 Mar, 2016 12:00am

Eaton seals a family affair as US dominate

Ashton Eaton cruised to his third consecutive heptathlon crown to complete a unique husband-and-wife double as American athletes dominated at the World Indoor Athletics Championships on Saturday.

Published 21 Mar, 2016 12:00am

South Africa beat Afghanistan

South Africa captain Faf du Plessis praised AB de Villiers's 'match-changing' half century as South Africa defeated Afghanistan by 37 runs in their World Twenty20 clash in Mumbai on Sunday. The right-handed batsman scored a quick-fire 64 to propel the Pro

Published 21 Mar, 2016 12:00am

Chawrasia claims third European Tour title

India's S.S.P. Chawrasia, a second-place finisher in four previous Indian Opens, finally won the tournament Sunday with a two-stroke victory and clinched a third European Tour title in the process. Chawrasia, 37, recorded a final-round 71 for a total of 2

Published 21 Mar, 2016 12:00am

Bangladesh fans vent anger at ICC over bans

Scores of Bangladeshi cricket fans took to the streets of Dhaka on Sunday to express their outrage hours after global cricket officials banned the country's top bowlers from competing in the World Twenty20 in India.

Published 21 Mar, 2016 12:00am

West Indies post comprehensive win

Andre Fletcher powered the West Indies to a comprehensive seven-wicket victory against Sri Lanka in their World Twenty20 match in Bangalore on Sunday, even without destructive opener Chris Gayle.

Published 21 Mar, 2016 12:00am

Exchange

South Africa central bank raises key rate to six-year high

South Africa increased its benchmark interest rate on Thursday to a level last seen six years ago as it battles to avoid a credit downgrade in the face of slow growth and a weak currency.

Published 21 Mar, 2016 12:00am

Currency

Is 'helicopter money' moving on to ECB's radar?

It's a concept that conjures up images of European Central Bank chief Mario Draghi donning his flying suit, starting his helicopter and flying out over the eurozone to throw money to the crowds below.

Published 21 Mar, 2016 12:00am

Japan's apparel industry in hi-tech bid to secure future

From ready-to-wear knits manufactured instantly to customised dresses produced on inkjet printers, Japan's apparel industry is turning to state-of-the-art technology in a bold bid to cut labour costs and secure its future.

Published 21 Mar, 2016 12:00am

Spain's political stalemate starts taking economic toll

This year was supposed to be a good one for Spanish builders but the lack of a government three months after an inconclusive general election has put the brakes on economic activity. "Everything that has to do with construction in this country is blocked,

Published 21 Mar, 2016 12:00am

Exchange

Weaken the dollar - the dovish Fed's hidden agenda?

In lowering its likely path of future interest rate increases this week, the Federal Reserve pushed down the dollar, perhaps aiming to ease strains caused by clashing monetary policies.

Published 21 Mar, 2016 12:00am

Exchange

Rival protests ignite debate on race, class in Brazil

Rival protests sweeping Brazil have exposed a demographic divide between President Dilma Rousseff's haters and her backers, igniting a national debate about race and class that is only increasing tensions.

Published 21 Mar, 2016 12:00am

US tourists seek preserved Cuba - and Cubans seek change

American Sue Pemberton rushed to Havana to experience authentic Cuba before the communist island gets swamped by capitalism. The only problem: millions of other foreigners had exactly the same idea.

Published 21 Mar, 2016 12:00am

Environment behind nearly quarter of global deaths

One in four deaths world-wide are due to environmental factors like air, water and soil pollution, as well as unsafe roads and workplace stress, the World Health Organisation (WHO) said on Tuesday. An estimated 12.6 million people died in 2012 as a result

Published 21 Mar, 2016 12:00am

650 million people can't get safe water: UN

Some 650 million people, or one in 10 of the world's population, do not have access to safe water, putting them at risk of infectious diseases and premature death. Dirty water and poor sanitation can cause severe diarrhoeal diseases in children, killing 9

Published 21 Mar, 2016 12:00am

'Millions in US at risk from rising seas'

Rising sea levels driven by climate change could upend the lives of more than 13 million Americans by the end of the century, according to a study released on Monday. If global warming lifts oceans 1.8 metres (six feet) by 2100, as some scientists forecas

Published 21 Mar, 2016 12:00am

Genetically high cholesterol may be more common than thought

People who are born with genetically high cholesterol may be about twice as common in the United States as previously believed, according to new research published on Monday. About one in 250 adults likely have this type of high cholesterol, which may req

Published 21 Mar, 2016 12:00am

High psychosis risk among Europe's refugee migrants

Refugees fleeing war, violence and persecution have a much higher risk of developing psychotic illnesses like schizophrenia than people who migrate for economic or social reasons, according to research published on Tuesday.

Published 21 Mar, 2016 12:00am

Vaccine against dengue virus is 100 percent effective

An experimental vaccine against dengue, the world's most common mosquito-borne virus, was 100 percent effective in early trials and could speed up the pace of a vaccine against Zika, researchers said on Wednesday. Dengue - which is in the same family of f

Published 21 Mar, 2016 12:00am

Experimental blood test may find multiple diseases

An experimental blood test may one day be able to detect a range of diseases including cancer and multiple sclerosis, based on signatures of DNA from dying cells, researchers said on Monday. The work, described in the Proceedings of the National Academy o

Published 21 Mar, 2016 12:00am

Alzheimer's 'lost' memories may be recoverable: study

Sufferers of Alzheimer's disease may not have "lost" their memories, but could simply have difficulty accessing them, say researchers, who Wednesday unveiled a possible treatment that could one day offer a cure to the ravages of dementia. Nobel Prize-winn

Published 21 Mar, 2016 12:00am

Movies on the go: experts say it's hard to bring out every pixel

The days of having to be at home or in the cinema to enjoy exciting action movies or soppy romantic comedies are gone. Now we can enjoy such entertainments while travelling by train, plane or car or in our hotel rooms. But should we drag around DVDs and B

Published 21 Mar, 2016 12:00am

Infographic reveals what happens in one single second on the Internet

How many posts per second do users "like" on Facebook? How many hours worth of YouTube videos do people watch world-wide? An interactive map, Internet in Real-Time, by trading website Pennystocks.la offers some insight into what is actually happening on t

Published 21 Mar, 2016 12:00am

Sony in nationwide US launch of online TV 'bundles'

Sony said Monday its Internet-based television service aimed at luring consumers away from cable subscriptions was being expanded to the entire US market. The PlayStation Vue will offer streamlined "bundles" for as little as $30 a month without long-term

Published 21 Mar, 2016 12:00am

Broomstick flying or red-light ping-pong? Gadgets at German fair

Virtual reality and 3D printing are among top technologies showcased by thousands of IT companies attending this year's technology show CeBIT in the northern German city of Hanover. Here are some eye-catching gadgets from the annual fair:

Published 21 Mar, 2016 12:00am

Amazon seeks patent for buying items with a look

Online retail colossus Amazon is seeking a US patent on using selfies - instead of passwords - for shopping when using smartphones. Seattle-based Amazon reasoned that combining sensor and camera capabilities in smartphones with face and gesture recognisin

Published 21 Mar, 2016 12:00am

PlayStation virtual reality gear to be launched in October

Sony on Tuesday said it plans to make virtual reality mainstream with the October release of PlayStation VR headgear priced at $399.

Published 21 Mar, 2016 12:00am

People who give in to ransomware demands are encouraging attackers

Ransomware trojan viruses like the recent Locky are spreading round the globe and are being encouraged, in effect, by thousands of computer users who cave in to their blackmail demands. Around one-third of the victims of extortion software pay a ransom to

Published 21 Mar, 2016 12:00am

Google spotlights rise in web traffic encryption

Google reported that the amount of encrypted online traffic hitting its servers jumped in the past year in a sign of heightened interest in protecting information on the Internet. Google introduced a new encryption, or HTTPS, section in a transparency rep

Published 21 Mar, 2016 12:00am

Instagram scraps chronological feed order

Instagram is to give up its chronological order for photo and video feeds because too many people miss posts, opting instead for an order based on users' preferences, the company has said. "People miss on average 70 percent of their feeds," Instagram said

Published 21 Mar, 2016 12:00am

'Apple signs up for Google's cloud services'

Apple Inc recently started using Google's cloud service even as it simultaneously builds its own data centers to reduce its reliance on third-party service providers, technology news website Re/code reported, citing sources familiar with the deal.

Published 21 Mar, 2016 12:00am

Smart-home sensor warns when there's a water leak

A new sensor from D-Link can detect water leaks in the home and then alert the owner via smartphone if a dishwasher or washing machine or some other household appliance pops a hose. Rubber hoses that burst or wriggle free of their clamps are a common sour

Published 21 Mar, 2016 12:00am

Google owner seeking to sell robot developer Boston Dynamics: report

Google's parent company Alphabet is seeking to sell its Boston Dynamics subsidiary specialised in developing and manufacturing robots, the Financial Times reported Friday.

Published 21 Mar, 2016 12:00am

UPS makes $100 million investment in CNG vehicles

United Parcel Service Inc on Tuesday extended its commitment to compressed natural gas vehicles with a $100 million plan to build 12 fuelling stations and add 380 CNG trucks to its fleet. The announcement comes as a sharp slide in the price of crude oil h

Published 21 Mar, 2016 12:00am

Exchange

Equity Bank may be interested in parts of Barclays Africa: CEO

Equity Bank, Kenya's biggest bank by deposits, may be interested in buying parts of Barclays' Africa business, its CEO said on Tuesday. James Mwangi told Reuters he saw potential acquisition opportunities following Barclays' decision to reduce its stake i

Published 21 Mar, 2016 12:00am

Exchange

Equity Bank may be interested in parts of Barclays Africa: CEO

Published 21 Mar, 2016 12:00am

FedEx profit down due to TNT acquisition costs

Package delivery company FedEx Corp said on Wednesday its quarterly profit was hurt by costs related to its pending acquisition of Dutch package firm TNT and settling a legal case over FedEx Ground drivers, but gave a strong earnings forecast that sent it

Published 21 Mar, 2016 12:00am

FedEx profit down due to TNT acquisition costs

Published 21 Mar, 2016 12:00am

Munich Re plans one billion euro share buyback, unveils 2016 targets

German reinsurance giant Munich Re on Wednesday announced plans to buy back around one billion euros ($1.1 billion) of its own shares and unveiled "ambitious" new earnings targets for the current year. "Although 2015 was not an easy year, Munich Re was ab

Published 21 Mar, 2016 12:00am

CEZ profit down on drop in prices, nuclear output

Czech state-run power group CEZ said on Tuesday that net profit for 2015 fell by eight percent from 2014 on a drop in energy prices and lower production at its nuclear plants. Europe's second largest power exporter CEZ said in a statement its net profits

Published 21 Mar, 2016 12:00am

Currency

Oracle profit beats, share buyback boosted by $10 billion

Oracle Corp reported a higher-than-expected quarterly profit as its cloud business continued to gain momentum, and the company said it was boosting its stock buyback program by $10 billion. Oracle shares rose about 4 percent in extended trading. Oracle ha

Published 21 Mar, 2016 12:00am

Boeing, Airbus eye Indian growth amid fears of global slowdown

Boeing and Airbus expect Indian airlines to order up to 1,740 jets over the next 20 years, as aircraft manufacturers eye one of the world's fastest-growing aviation markets to offset any weaker sales elsewhere.

Published 21 Mar, 2016 12:00am

Deutsche Bahn books first loss in 12 years

German state rail operator Deutsche Bahn announced on Wednesday that it posted a heavy loss in 2015, its first in 12 years, largely as a result of writedowns on its cargo business. Deutsche Bahn said in a statement it booked a bottom-line loss of 1.3 bill

Published 21 Mar, 2016 12:00am

Deutsche Bahn books first loss in 12 years

Published 21 Mar, 2016 12:00am

DP World annual profit rises 30.7 percent

DP World, one of the world's largest port operators, posted a 30.7 percent rise in annual profit as revenue jumped in the Middle East, Europe and Africa, the company said on Thursday. DP World's 2015 profit attributable to owners of the company was $883 m

Published 21 Mar, 2016 12:00am

Oman Air narrows losses

State carrier Oman Air's losses narrowed last year and it required less financial support from the government as the airline boosted its capacity, chairman Darwish al-Balushi said on Sunday. Oman Air's losses narrowed 21 percent in 2015 to 86 million rial

Published 21 Mar, 2016 12:00am

Saudi government to issue 20 billion riyals of bonds

The Saudi Arabian government has told local banks that it will sell them 20 billion riyals ($5.3 billion) of three-, five- and seven-year bonds, with floating as well as fixed rates, the Maaal financial website quoted sources as saying on Sunday. Allocati

Published 21 Mar, 2016 12:00am

Saudi government to issue 20 billion riyals of bonds

Published 21 Mar, 2016 12:00am

Blackstone makes quiet sale ahead of FCC airwaves auction

A quiet decision by private equity firm Blackstone Group LP to recently sell three TV stations may foreshadow uncertain returns for some selling TV airwaves and lower wireless demand in the US government's upcoming spectrum auction, industry watchers say.

Published 21 Mar, 2016 12:00am

Khamenei says economy first as new Iranian year begins

Iran's supreme leader said Sunday that the economy must come first, insisting in a Persian new year's day message that domestic production is the best route to a strong recovery. The Nowruz holiday comes just two months after implementation began of a lan

Published 21 Mar, 2016 12:00am

Exchange

China says economy improving, capital outflows cooling

China's economy is showing signs of improvement while capital outflows from the country are moderating, top Chinese officials said on Sunday, seeking to shore up investor confidence after recent market volatility.

Published 21 Mar, 2016 12:00am

Swedish newspaper websites shut down in hacker attack

The online editions of Sweden's main newspapers were knocked out for several hours by unidentified hackers at the weekend, police said Sunday as they launched an investigation.

Published 21 Mar, 2016 12:00am

Former head of Brazilian miner Vale dies in plane crash

Roger Agnelli, the former head of Brazilian mining giant Vale, died along with six other people including his wife and children when a small plane crashed into a residential building in Sao Paulo, officials said. Agnelli, 56, was flying to Rio de Janeiro

Published 21 Mar, 2016 12:00am

Eurozone lenders, Greece make progress on tax, pension reforms

European lenders have made important progress in talks with Greece on tax and pension reforms that are part of a package of measures Athens must adopt to win new loans and debt relief, a European Commission spokesperson said on Sunday. Inspectors from the

Published 21 Mar, 2016 12:00am

Exchange

FBI to assist Bangladesh with probe into central bank heist

The FBI has agreed to help Bangladesh investigate an audacious $81 million theft from the nation's foreign reserves, authorities said Sunday, days after the finance minister accused central bank officials of complicity in the heist.

Published 21 Mar, 2016 12:00am

India's rapeseed output to rise 16 percent

India is likely to produce 5.8 million tonnes of rapeseed in 2015/16, up 16 percent from a year ago, thanks to beneficial weather conditions in key producing northern states, the head of the Central Organisation for Oil Industry and Trade (COOIT) told Reu

Published 21 Mar, 2016 12:00am

Canada's Bankers Petroleum agrees to take-over by Chinese firm

Canada's Bankers Petroleum Ltd, one of Albania's largest foreign investors, said on Sunday it has agreed to be acquired by affiliates of China's Geo-Jade Petroleum Corp for C$575 million ($442.34 million). Bankers Petroleum said it will be bought by firms

Published 21 Mar, 2016 12:00am

Nermarble Games to complete IPO by early 2017

South Korea's Nermarble Games Corp said on Thursday it plans to complete an initial public offering between late 2016 and early 2017, a deal that could value the company as high as 10 trillion won ($8.17 billion). Netmarble, South Korea's top mobile game

Published 21 Mar, 2016 12:00am

Bangladesh's interbank forex and interest rates

Interbank buy/sell rates for the taka against the dollar on Sunday. 78.40-78.40 (previous 78.40-78.40). 02.50-04.50 percent (* Previous 01.15-04.50 percent) (* revised).

Published 21 Mar, 2016 12:00am

Exchange

Tarnished forex market to get global code of conduct in May

International regulators are close to releasing the first stage of a global code of conduct for the scandal-hit foreign exchange market that seeks to restore trust in the industry through a range of voluntary principles.

Published 21 Mar, 2016 12:00am

Exchange

Use of yuan for trade deals seen growing despite volatility, interventions

More China trade is expected to be settled in yuan this year despite concerns about its cooling economy and fears that the currency could weaken further. Heavy interventions by the central bank in recent months to steady the currency and deter speculators

Published 21 Mar, 2016 12:00am

Exchange

Brazil's real to hit record lows, or recover on impeachment

Brazil's currency could strengthen back to mid-2015 levels or reach new record lows depending on the fate of President Dilma Rousseff, a Reuters poll showed on Thursday, as uncertainty mounted over a deepening political crisis.

Published 21 Mar, 2016 12:00am

Exchange

Saudi index closes above 100-day average, first since mid-2015

Telecommunications firm Zain Saudi led Riyadh's stock market up on Sunday, while Egypt's bourse stalled after soaring last week in response to a currency devaluation. Most Gulf markets moved little, digesting strong rallies since mid-February.

Published 21 Mar, 2016 12:00am

Cemex hopes to complete Philippine unit IPO within four months

Mexican cement producer Cemex hopes to complete an initial public offering (IPO) of a minority stake in its Philippine unit within four months, and is in talks to sell US assets, the company's chief executive said on Monday.

Published 21 Mar, 2016 12:00am

UK gilt sales seen rising to $196 billion in 2016-17

Britain will increase sales of government bonds in the coming fiscal year in part to compensate for finance minister George Osborne probbaly missing his borrowing targets, a Reuters poll of primary dealers showed on Tuesday. The mid-range forecast from a

Published 21 Mar, 2016 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

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