News Archives for Print - 2012-11-05

At least three persons were killed and two others injured when unknown gunmen opened fire at them here on Sunday. According to the details, unidentified armed assailants opened fire at people waiting for vans of concerned routes in Mand. The attackers man

Published 05 Nov, 2012 12:00am

SAARC secretaries discuss 'E-Parliament'

A meeting of the secretaries general/secretaries of the Parliament of SAARC countries held here on Sunday on the sideline of 6th SAARC Speakers and Parliamentarians Conference and thoroughly discussed E-Parliament, creating technology-friendly environment

Published 05 Nov, 2012 12:00am

'Advocacy focused only on major national socio-economic issues,' Chairman, Pakistan Business Council

BR Research: When was the Pakistan Business Council established and what are its objectives?

Published 05 Nov, 2012 12:00am

'Advocacy focused only on major national socio-economic issues,' Chairman, Pakistan Business Council

BR Research: When was the Pakistan Business Council established and what are its objectives?

Published 05 Nov, 2012 12:00am

Hurricane Sandy!

It is estimated that the destruction caused by Hurricane Sandy has accrued a loss of over $20 billion to the American exchequer. This means that an expenditure of $20 billion or more would have to be incurred by the US government to undertake rehabilitati

Published 05 Nov, 2012 12:00am

Going door to door for the White House in Ohio

The race for the White House moved into the streets on the final weekend before presidential elections. Tens of thousands of volunteers were knocking on doors or making phone calls to encourage people to vote Tuesday for their candidate.

Published 05 Nov, 2012 12:00am

Obama versus Romney

I was one of millions around the world rooting for Barack Hussain Obama in 2008. And, no, I did not root for him because I mistakenly thought he was a Muslim as his middle name indicates; but because he represented change - change from the disastrous neo-

Published 05 Nov, 2012 12:00am

Profitability of banking sector

For the last several years, most businesses have been hurting in Pakistan except the banking business with the profitability of the State Bank of Pakistan (SBP) and of the commercial banks (CBs) showing a sharply rising trend. The SBP is the central bank

Published 05 Nov, 2012 12:00am

Balochistan crises

The Balochistan crises refuse to relent; in fact they keep coming up and multiplying. While the Supreme Court's interim order questioning constitutional authority of Raisani government holds the field, the chief minister is beset with a revolt within his

Published 05 Nov, 2012 12:00am

Fiscal woes in an election year

Fiscal position of the country is deteriorating rapidly. While expenditures continue to increase due to government's profligacy in an election year, tax receipts are falling behind the target by a wide margin. According to latest information, Federal Boar

Published 05 Nov, 2012 12:00am

Rival Libya militias clash near Tripoli security building

A gunbattle between two Libyan rival militias raged around a Tripoli security headquarters building on Sunday, highlighting the precariousness of peace in the capital more than a year after a popular armed revolt ousted Muammar Gaddafi.

Published 05 Nov, 2012 12:00am

Police tear gas hunger strike protesters in Istanbul

Turkish police fired tear gas and water cannon at protesters in Istanbul staging a demonstration in support of a widespread hunger strike by Kurdish prisoners, an AFP photographer at the scene said.

Published 05 Nov, 2012 12:00am

Ukraine opposition calls protest rally over election count

Ukraine opposition parties called a public rally for Monday to protest against what they said was fraud by President Viktor Yanukovich's ruling party in the final stages of the vote-count from the October 28 parliamentary election.

Published 05 Nov, 2012 12:00am

France's Hollande discusses Syria, Iran with Saudi king

French President Francois Hollande discussed Iran and the situation in unrest-hit Syria with Saudi King Abdullah in the city of Jeddah on Sunday on his first visit to the oil-rich kingdom, a spokesman said.

Published 05 Nov, 2012 12:00am

10 migrants killed as boat capsizes off Libyan coast; 70 rescued

Ten migrants were killed when their boat capsized 65 kilometres off the North African coast, while the Italian coast guard managed to rescue 70 passengers, officials said Sunday. The survivors - 62 men and eight women, one of whom was pregnant - were tran

Published 05 Nov, 2012 12:00am

Italian Prime Minister on surprise visit to Afghanistan

Italian Prime Minister Mario Monti made a surprise visit to Afghanistan on Sunday to see his country's troops and hold talks with President Hamid Karzai. Monti visited the Nato-led Italian contingent at their base in the western province of Herat to mark

Published 05 Nov, 2012 12:00am

Nigeria gunmen torch police station, school in restive north

Gunmen armed with explosives attacked a police station, a primary school and two cellphone towers in a town in Nigeria's restive north-east on Sunday, setting them ablaze, the military and residents said.

Published 05 Nov, 2012 12:00am

Suu Kyi says cannot back Myanmar's Rohingya: BBC

Aung San Suu Kyi has declined to speak out on behalf of Rohingya Muslims and insisted she will not use "moral leadership" to back either side in deadly communal unrest in west Myanmar, reports said. The Nobel laureate, who has caused disappointment among

Published 05 Nov, 2012 12:00am

Carmelia Alves, Brazil's Baiao music queen, dead at 89

Singer Carmelia Alves, hailed as the queen of Brazil's Baiao music, has died, the official Agencia Brasil reported Sunday. She was 89. Alves, who suffered from Alzheimer's disease, passed away late Saturday of multiple organ failure, the agency said.

Published 05 Nov, 2012 12:00am

Israel says halted African migration across Egypt border

Israel has stopped the unapproved influx of African migrants across its once porous border with Egypt after months of intensive counter-measures, Prime Minister Benjamin Netanyahu said on Sunday. More than 60,000 Africans, most of them men, have walked in

Published 05 Nov, 2012 12:00am

Di Matteo finds a Friend despite Chelsea slip-up

Chelsea manager Roberto di Matteo revealed he congratulated referee Kevin Friend on his display in Saturday's draw at Swansea. All eyes at the Liberty Stadium were on the match official following the controversy involving referee Mark Clattenburg during E

Published 05 Nov, 2012 12:00am

Pak Army team outclass British Army team in first Twenty20 fixture

Pakistan Army cricket team XI defeated UK Army cricket team by 9 wickets on Sunday in the first match of the three T20 matches series at Rawalpindi Club Cricket Ground.

Published 05 Nov, 2012 12:00am

GGMS Shaheen Muslim Town wins Badminton final

Government Girls' Middle School Shaheen Muslim Town, Peshawar, won badminton single competition held amongst the public sector girls' middle schools. The Annual Sports competitions arranged by Elementary and Secondary Education (Female) for the students o

Published 05 Nov, 2012 12:00am

Formula One: Raikkonen restores lustre to Lotus

Kimi Raikkonen won a thrilling Abu Dhabi Grand Prix for Lotus here on Sunday with Fernando Alonso of Ferrari taking second and Sebastian Vettel a remarkable third after setting off from the back of the grid.

Published 05 Nov, 2012 12:00am

Ryder star Poulter snatches steely HSBC win

Ryder Cup hero Ian Poulter snatched a typically steely victory in the $7 million WGC-HSBC Champions Sunday when he shot seven-under-par 65 to settle a thrilling day's action at China's Mission Hills.

Published 05 Nov, 2012 12:00am

Misbah supports day-night tests

Pakistan test and one-day captain Misbah-ul-Haq has backed an International Cricket Council (ICC) move to introduce day-night tests but suggested initial trials with the coloured ball in first class cricket.

Published 05 Nov, 2012 12:00am

Czechs overwhelm Serbs to retain FedCup

The Czech Republic won a second straight Fed Cup here on Sunday after Lucie Safarova gave them an unbeatable 3-1 lead over Serbia by thrashing Jelena Jankovic 6-1, 6-1. Safarova, the world number 17, cruised past 22-ranked Jankovic in just an hour and 17

Published 05 Nov, 2012 12:00am

Launch of 3G technology to boost information tech: industry

The cellular phone companies may offer more attractive packages at cheaper rates, increasing their consumer base after the launch of the upcoming 3G technology, giving a boost to the information technology in the country. The development of mobile technol

Published 05 Nov, 2012 12:00am

Fire erupts at leather factory

Fire was erupted on Sunday at a leather factory in Korangi Industrial Area, damaging material worth tens of thousands of rupees. According to the details, six fire tenders were engaged in extinguishing fire. The cause of fire could not be ascertained till

Published 05 Nov, 2012 12:00am

Qaim takes notice

Sindh Chief Minister Syed Qaim Ali Shah on Sunday took notice of the killing of former UC Nazim Jalil-ur-Rehman. Unidentified gunmen sprayed former UC Nazim with bullets on Saturday night. Jalil-ur-Rehman was affiliated with Muttahida Qaumi Movement and h

Published 05 Nov, 2012 12:00am

Altaf condemns killing

Muttahida Quami Movement (MQM) Altaf Hussain condemned the killing of a senior party worker, Jalil-ur-Rahman, and two people of Bohri community in Hyderabad and termed it an act of terrorism. In his statement, issued from London, Altaf Hussain expressed g

Published 05 Nov, 2012 12:00am

Slain MQM leader laid to rest

The slain local leader of Muttahida Qaumi Movement and former acting Nazim City Taluka of Hyderabad district Jalilur Rehman was laid to rest here on Sunday.

Published 05 Nov, 2012 12:00am

Punjab government unconstitutional, insists Khosa

"Shabaz Sharif is neither a member of the provincial assembly nor Chief Minister thus the Punjab government is unconstitutional and illegal," Punjab Governor Sardar Latif Khan Khosa said here on Sunday. Talking to newsmen, Khosa said in light of the Supre

Published 05 Nov, 2012 12:00am

'Pneumonia kills 70 children each day in Pakistan'

Treating pneumonia in casual manner could affect a child severely in shape of disability to an extent of death, therefore, parents must get their children vaccinated at any EPI centres across the country with vaccine that is available free of cost, said D

Published 05 Nov, 2012 12:00am

Young candidates to be given 25 percent election tickets: PTI chief

Pakistan Thereek Insaf (PTI) will award 25 percent of party tickets to young candidates in the forthcoming election in a bid to change the "country's political environment and Pakistan fate", PTI chief Imran Khan said on Sunday.

Published 05 Nov, 2012 12:00am

ADB-funded projects: Punjab government, ADB officials review progress

The Punjab government and a six member delegation of Asian Development Bank (ADB) reviewed progress of three ADB-funded uplift projects of $697.8 million in Punjab here on Sunday. Official sources told Business Recorder that a six-member delegation

Published 05 Nov, 2012 12:00am

Waheeda Shah's disqualification: CEC upholds ECP decision

The Chief Election Commissioner (CEC) on Sunday upheld an earlier decision of the Election Commission of Pakistan (ECP), barring Waheeda Shah from contesting elections for two years who misconducted and tortured a lady polling officer during bye-election

Published 05 Nov, 2012 12:00am

Wheat to be sown on 16.8 million acres in Punjab

Wheat will be sown in 16.8 million acres of land during the Rabi season in wheat growing parts of Punjab. Sources in the Agriculture Department told the Business Recorder on Sunday the Punjab government had estimated 19.2 million tons of grains in

Published 05 Nov, 2012 12:00am

JUI-F opposes imposition of Sharia through gun: Fazl

Chief of JUI-F, Maulana Fazlur Rehman, has opposed the enforcement of Sharia through the barrel of gun and said they believe in democratic and political efforts to change the system and all the religious institutions agree over it.

Published 05 Nov, 2012 12:00am

Speech competitions: Pakistani students win trophy at New Delhi

Three Pakistani students have won the trophy in speech competitions held at New Delhi. Those who won the trophy included team leader Muhammad Umar Ali and his companions Hashim Bajwa and girl student Naveel Tauqeer belonged to Lahore College of Arts and S

Published 05 Nov, 2012 12:00am

Two slain persons of Bohri community laid to rest

The two slain persons of Dawoodi Bohra community, who were shot dead late on Saturday night, were laid to rest in Cantonment graveyard here on Sunday. A large number of people from the community, traders of Bohri Bazaar and Saddar as well as the local res

Published 05 Nov, 2012 12:00am

Avoidance taxation on aircraft, ship incomes: Cabinet allows termination of Pak-Greece pact

The federal cabinet has allowed the Federal Board of Revenue (FBR) to terminate an existing agreement with Greece on avoidance of double taxation on income from the operation of ships and aircraft and negotiate a fresh pact.

Published 05 Nov, 2012 12:00am

Cyprus ignores Turkey, says to continue with natgas projects

Cyprus on Sunday vowed to continue to develop offshore natural gas reserves, accusing arch-rival Turkey of trying to stir tensions after warning multinationals off participating in the island's projects.

Published 05 Nov, 2012 12:00am

Burundi's economic reform too slow for its impoverished citizens

The central African nation of Burundi may be winning plaudits for its economic reforms and relative peace after nearly two decades of civil war, but shopowners like Niyonzima Alimasi have little to cheer. "Purchasing power is low," said Alimasi, 31, who r

Published 05 Nov, 2012 12:00am

CIMB Australia hopes for sukuk market deals

CIMB Group Bhd, Malaysia's second largest lender, hopes to use its expertise in Islamic finance to distinguish itself from the competition when it formally opens its Australian operations this week, company executives said.

Published 05 Nov, 2012 12:00am

CIMB Australia hopes for sukuk market deals

CIMB Group Bhd, Malaysia's second largest lender, hopes to use its expertise in Islamic finance to distinguish itself from the competition when it formally opens its Australian operations this week, company executives said.

Published 05 Nov, 2012 12:00am

US airlines brace to lobby new president on EU row

US airlines, through industry group A4A, will lobby the United States' newly-elected president as soon as he takes office on an issue that has triggered threats of a trade war. All year, an international row has raged over the European Union's decision to

Published 05 Nov, 2012 12:00am

Crucial votes will end talk of Greece exiting euro: Prime Minister

Talk of Greece exiting the euro will end after critical votes in parliament this week on new austerity measures, labour reforms and the 2013 budget, Greek Prime Minister Antonis Samaras said on Sunday. The three-party government will submit the package of

Published 05 Nov, 2012 12:00am

Lufthansa arbitration talks to end mid-November

Tense mediation talks between Lufthansa and cabin crew over pay and conditions should reach a conclusion in mid-November, although it is not clear whether they will be successful, a source close to the negotiations said on Sunday.

Published 05 Nov, 2012 12:00am

Bangladesh's Summit eyes Bhutan power production

Bangladesh's leading privately held electricity provider, the Summit Group of Companies, plans to build a power plant in Bhutan, Chairman Muhammad Aziz Khan said on Sunday. "At the moment we are surveying to identify the bottlenecks and potentials to set

Published 05 Nov, 2012 12:00am

Guinea, UAE sign bauxite supply deal

Compagnie des Bauxites de Guinee (CBG) signed a long-term supply agreement with the United Arab Emirates for bauxite, the main raw material in aluminium, the Gulf country's state news agency reported. The Emirates News Agency did not report the duration o

Published 05 Nov, 2012 12:00am

India should tax crude palm oil imports at 10 percent: analyst

India should impose a 10 percent tax on crude palm oil imports to protect its farmers and the industry from cheap imports, a leading analyst said on Sunday. Many trade and industry officials fear that India, the world's biggest importer of vegetable oils,

Published 05 Nov, 2012 12:00am

Britain wants reform of EU cohesion funds

Britain will demand changes to the European Union's regional development funds in budget talks this month, including stripping wealthier nations of access to money intended to help poorer areas, the Sunday Telegraph reported.

Published 05 Nov, 2012 12:00am

Britain wants reform of EU cohesion funds

Britain will demand changes to the European Union's regional development funds in budget talks this month, including stripping wealthier nations of access to money intended to help poorer areas, the Sunday Telegraph reported.

Published 05 Nov, 2012 12:00am

UBS preparing new bonus plan for top brass

Swiss bank UBS is working on a new bonus scheme for top management, including for those tasked with winding down some of its investment banking activities, a newspaper reported on Sunday. A UBS spokesman declined to comment on the report. He said the bank

Published 05 Nov, 2012 12:00am

India's Congress gambles on reforms, foreign supermarkets at rally

India's embattled Congress party, led by Sonia Gandhi, sought to drum up support for the contentious opening up of the country's vast retail sector to big foreign chains at a mass rally on Sunday, saying supermarkets would help farmers and consumers battl

Published 05 Nov, 2012 12:00am

South Korea's total debt soars to $2.75 trillion

South Korea's total public and private-sector debt soared to $2.75 trillion this summer due to greater spending to stimulate growth and growing household borrowing, a report said Sunday. As of June, combined debt held by the government, companies and hous

Published 05 Nov, 2012 12:00am

Trans fats raise cholesterol, not blood sugar: study

Although much-criticised trans fats raise levels of "bad" cholesterol, they don't appear to have a lasting impact on blood sugar levels, according to a US study. Researchers, writing in The American Journal of Clinical Nutrition, found that both blood sug

Published 05 Nov, 2012 12:00am

Plant compounds tied to less stomach cancer in women

Getting a moderate amount of plant substances called flavonoids through food may be linked to a lower stomach cancer risk in women - but not in men, according to a European study. The researchers, writing in the American Journal of Clinical Nutrition, fou

Published 05 Nov, 2012 12:00am

Ozone hole over Antarctic second smallest in two decades

The seasonal hole in the ozone layer above the Antarctic this year was the second smallest in two decades, but still covered an area roughly the size of North America, US experts said.

Published 05 Nov, 2012 12:00am

Asia's mega-cities badly exposed to superstorms

The hammer blow dealt to New York by superstorm Sandy should raise the alarm for coastal mega-cities in Asia which are more exposed but less equipped to deal with such threats, experts said on November 01.

Published 05 Nov, 2012 12:00am

UN pinpoints climate-linked health risks

Two UN agencies on October 29 presented a new tool to map health risks linked to climate change and extreme weather conditions, enabling authorities to give advance warnings and act to prevent "climate-sensitive" diseases from spreading.

Published 05 Nov, 2012 12:00am

Link between cyclones, climate change unclear

Was Hurricane Sandy caused by climate change? This was the contention on November 01 of Andrew Cuomo, Governor of New York state, which bore the brunt of the superstorm. "Anyone who thinks there isn't a change in weather patterns is denying reality," he s

Published 05 Nov, 2012 12:00am

Mobile phone app developers take on Africa

The scene might pass for a high-tech forum in California, but the young entrepreneurs presenting their products on stage are Africans, keen to show off low-tech applications for the continent. US communications and technology company DEMO on October 25 op

Published 05 Nov, 2012 12:00am

'Stunning' start for Windows 8: Microsoft chief

Microsoft chief executive Steve Ballmer on October 30 said the Windows 8 operating system was off to a "stunning" start with four million upgrades downloaded since its release on October 26. "In just the last three days, we have sold four million Windows

Published 05 Nov, 2012 12:00am

'Mac users can get by without additional virus protection'

Protections built into the OS X operating system allows most Mac users to get by without extra firewalls or virus protection, reports Germany's Federal Office for Information Security (BSI). Nonetheless, users need to be sure to install regular security u

Published 05 Nov, 2012 12:00am

Nokia to launch new Lumia model in US with Verizon

Finnish mobile phone maker Nokia said October 29 that it had chosen the second biggest US operator, Verizon Wireless, to exclusively distribute its new Lumia 822 model when it is launched this autumn. Nokia said the new phone, designed to appeal to first-

Published 05 Nov, 2012 12:00am

Samsung sells three million Galaxy Note II smartphones since debut

Samsung Electronics said on November 2 that global sales of its large Galaxy Note II smartphone had topped three million since its debut in late September, as archrival Apple's iPad mini hit stores.

Published 05 Nov, 2012 12:00am

ARM unveils chip designs for future smartphones, servers

British chip designer ARM on October 30 launched processors to power a new generation of smartphones and also offer low-energy solutions for servers, increasing its incursion into a market dominated by Intel.

Published 05 Nov, 2012 12:00am

New mini computer from Acer

Acer is introducing a new computer for users who don't have much space on their desks. The new Veriton N series features a square casing with an edge length of 21 cm. Thanks to a Vesa Mount Kit, a monitor can even be mounted to the back of the computer.

Published 05 Nov, 2012 12:00am

Asus announces PadFone 2

Asus is coming out with the PadFone 2, which can turn its Android smartphone into a 10-inch tablet with its extra casing. The new smartphone is slightly larger than the original Padfone with a 4.7 inch display. Still, Asus was able to reduce the total wei

Published 05 Nov, 2012 12:00am

AOC monitor with port for smartphones

AOC presented its new monitor myPlay which includes an MHL port to allow smartphones supporting that standard to be connected via a cable to the 27-inch display. That means films and pictures can be shown on a monitor even without a computer.

Published 05 Nov, 2012 12:00am

For home or on the go: Hercules announces line of Bluetooth speakers

Hercules has announced a new line of Bluetooth speakers for October and November. The BTP05 speakers are more for on the go with their metal casing and handle while their smaller brother, the BT03, looks similar but is operated by power cable.

Published 05 Nov, 2012 12:00am

Firm launches real-time telephone translation

Japan's biggest mobile operator said on October 22 it will launch a translation service that lets people chat over the telephone in several different languages.

Published 05 Nov, 2012 12:00am

Japan mobile users make 260,000 years of calls

Japanese mobile phone users made a quarter of a million years' worth of calls last year, the government said on October 31. A total of 59.17 billion calls were made from cellphones in the 12 months to April 1, 2012, with conversations lasting 2.27 billion

Published 05 Nov, 2012 12:00am

Panasonic cleans house with writedowns, sees $9.6 billion loss

Panasonic Corp said it will lose almost $10 billion this business year as it cleans house of risky assets, writing down billions of dollars of goodwill and assets in its mobile and energy units while its new boss readies for a fresh bout of restructuring.

Published 05 Nov, 2012 12:00am

Panasonic cleans house with writedowns, sees $9.6 billion loss

Panasonic Corp said it will lose almost $10 billion this business year as it cleans house of risky assets, writing down billions of dollars of goodwill and assets in its mobile and energy units while its new boss readies for a fresh bout of restructuring.

Published 05 Nov, 2012 12:00am

Wells expands in investment banking as others retreat

As banks across Wall Street retreat from the trading business, Wells Fargo & Co is expanding. The growth worries some investors who want the notoriously conservative bank to stick to its knitting, but Wells Fargo believes that now is a good time to hire.

Published 05 Nov, 2012 12:00am

ArcelorMittal reports plunge into loss on weak Chinese demand for steel

ArcelorMittal, the biggest steelmaker in the world, reported on October 31 a plunge into a loss of $709 million (546 million euros) in the third quarter because of a slowdown in demand from China. The group recommended slashing its dividend next year and

Published 05 Nov, 2012 12:00am

Imperial Tobacco reveals sharp fall in profits

Britain's Imperial Tobacco, the maker of Lambert & Butler and Gauloises cigarettes, said on October 30 that annual net profits slumped 62 percent as it took a hit on assets in debt-wracked Spain. Imperial said in a statement that profit after tax tumbled

Published 05 Nov, 2012 12:00am

Imperial Tobacco reveals sharp fall in profits

Britain's Imperial Tobacco, the maker of Lambert & Butler and Gauloises cigarettes, said on October 30 that annual net profits slumped 62 percent as it took a hit on assets in debt-wracked Spain. Imperial said in a statement that profit after tax tumbled

Published 05 Nov, 2012 12:00am

Fiat keeps target for 2012 profits

Italian car maker Fiat said on October 30 that it had more than doubled its third-quarter profit to 286 million euros ($370 million) from 112 billion euros ion the same period of last year. Analysts had expected a net profit of 250 million euros.

Published 05 Nov, 2012 12:00am

Fiat keeps target for 2012 profits

Italian car maker Fiat said on October 30 that it had more than doubled its third-quarter profit to 286 million euros ($370 million) from 112 billion euros ion the same period of last year. Analysts had expected a net profit of 250 million euros.

Published 05 Nov, 2012 12:00am

Investment sponges for a growth-saturated world

When paltry growth, systemic risk and resource scarcity are darkening the global horizon, investors must hunt shrewdly to find stocks resilient enough to ride out the storm. Far from being cathartic, the past five years of credit crisis and the subsequent

Published 05 Nov, 2012 12:00am

Wipro second quarter profit rises 24 percent

Wipro Ltd, India's No 3 software services provider, topped quarterly profit estimates and forecast modest revenue growth on hopes of rising demand for outsourcing, as its clients look to cut costs in an uncertain economic environment.

Published 05 Nov, 2012 12:00am

Singapore DBS third quarter profit up 12 percent, bad debts decline

DBS Group Holdings Ltd , Southeast Asia's biggest lender, posted a 12 percent rise in third-quarter net profit, beating expectations on a sharp drop in bad debt charges and on double-digit growth in income from its core lending business.

Published 05 Nov, 2012 12:00am

Singapore DBS third quarter profit up 12 percent, bad debts decline

DBS Group Holdings Ltd , Southeast Asia's biggest lender, posted a 12 percent rise in third-quarter net profit, beating expectations on a sharp drop in bad debt charges and on double-digit growth in income from its core lending business.

Published 05 Nov, 2012 12:00am

India's Jet Airways quarterly losses narrow

India's second-biggest private airline Jet Airways has reported its quarterly loss narrowed by 86 percent from a year ago as it benefited from troubles roiling rival Kingfisher Airlines. Jet announced on November 02 a net loss of 997 million rupees ($18.5

Published 05 Nov, 2012 12:00am

India's Jet Airways quarterly losses narrow

India's second-biggest private airline Jet Airways has reported its quarterly loss narrowed by 86 percent from a year ago as it benefited from troubles roiling rival Kingfisher Airlines. Jet announced on November 02 a net loss of 997 million rupees ($18.5

Published 05 Nov, 2012 12:00am

Currency	Rate
USD PKR Interbank Selling / Oct 18	277.72
USD PKR Interbank Buying / Oct 18	277.52
USD to Japanese Yen / Oct 18	149.53
USD to Swiss Franc / Oct 18	0.86
Pound Sterling to USD / Oct 18	1.67
Euro to USD / Oct 18	1.09

Stock	Volume
S&P 500 / Oct 18	5,864.67
India Sensex / Oct 18	81,224.75
Tokyo Nikkei / Oct 18	38,981.75
Nasdaq / Oct 18	18,489.55
Hang Seng / Oct 18	20,804.11
FTSE 100 / Oct 18	8,385.25
Dow Jones / Oct 18	43,275.91
Germany DAX 30 / Oct 18	19,657.37

Item	Value
Crude Oil USD/Barrel / Oct 18	69.22
Gold 10 Grams PKR / Oct 18	240,826
Gold Spot USD/Ounce / Oct 18	2,721.46
Cotton US¢/pound / Oct 18	70.99
Karachi Cotton PKR/37.32 KG / Oct 19	17,885
Petrol/Litre / Oct 20	247.03

Stock	Price
786 Invest Ltd / Oct 20 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Oct 20 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Oct 20 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Oct 20 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Oct 20 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Oct 20 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Oct 20 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Oct 20 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Oct 20 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Oct 20 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Oct 20 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Oct 20 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Oct 20 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Oct 20 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Oct 20 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Oct 20 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Oct 20 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Oct 20 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Oct 20 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Oct 20 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Oct 20 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Oct 20 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Oct 20 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Oct 20 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Oct 20 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Oct 20 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Oct 20 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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