News Archives for Print - 2013-06-17

A US-trained infectious diseases specialist, Dr Faisal Sultan currently serves as the Chief Executive Officer of Shaukat Khanum Memorial Cancer Hospital and Research Centre.

Published 17 Jun, 2013 12:00am

Numbers of trained medical personnel coming out of the system are disproportionate to the number of people who need healthcare: CEO SKMCH

A US-trained infectious diseases specialist, Dr Faisal Sultan currently serves as the Chief Executive Officer of Shaukat Khanum Memorial Cancer Hospital and Research Centre.

Published 17 Jun, 2013 12:00am

The new tax slabs with increased percentages announced in the budget 2013-14 have come as a shock to the salaried class and more to those professionals who fall in the higher ranges; with this revised regime, the increase in tax payments by these salaried

Published 17 Jun, 2013 12:00am

Fed-induced selloff has investors hunting for bargains

Since Ben Bernanke unleashed a bombshell on May 22 by suggesting the US Federal Reserve could before long start to pull back on its massive monetary stimulus, big stock and bond markets have been feeling the pain. Rather than run for cover, a number of bi

Published 17 Jun, 2013 12:00am

Iran moderate's poll triumph is mandate for change

Iranian voters weary of years of economic isolation and tightening political restrictions threw down a blunt demand for change on Saturday by handing a moderate cleric a landslide victory in a presidential election. Having waited throughout Friday night a

Published 17 Jun, 2013 12:00am

Budget 2013-14

I was not disappointed by the budget 2013-14 - not because it contained any out-of-th-box thinking or indeed any reform measures that would have changed the economy's direction in the next year, particularly with respect to the tax structure that will con

Published 17 Jun, 2013 12:00am

Budget 2013-14

I was not disappointed by the budget 2013-14 - not because it contained any out-of-th-box thinking or indeed any reform measures that would have changed the economy's direction in the next year, particularly with respect to the tax structure that will con

Published 17 Jun, 2013 12:00am

Drone strikes and US relations

According to a Business Recorder exclusive any attempt by the government of Pakistan to adopt a confrontational stance with respect to the United States decision to continue drone strikes as a counter-terrorism tool, would have serious negative imp

Published 17 Jun, 2013 12:00am

SBP argues against fiscal orthodoxy

Following the release of Pakistan Economic Survey for FY13 and the announcement of the Federal Budget for FY14, the contents of the third quarterly report of the SBP for FY13 released on 13th June, 2013 would appear to be outdated but central bank's analy

Published 17 Jun, 2013 12:00am

Opposition leader in Punjab Assembly entitled to all perks of a minister

The leader of the opposition in the Punjab Assembly is entitled to all perks, allowances and privilege attached to the portfolio of provincial minister. Leading legal expert Mian Jaffer Hussain told APP here on Sunday that under the Punjab Ministers (Sala

Published 17 Jun, 2013 12:00am

Nine killed in various incidents of violence in city

At least nine persons were killed in different incidents of violence in the city on Sunday, police and rescue sources said. A man was found dead in the limits of Saudabad police station. Police officials later identified the deceased as Dalil, 30, son of

Published 17 Jun, 2013 12:00am

Three drown in Keenjhar Lake

Three young men drowned in Keenjhar Lake during picnic on Sunday. According to details, hundreds of people visited Keenjhar Lake on Sunday due to extreme hot weather. According to Rescue sources, three young men went into deep waters and did not return. L

Published 17 Jun, 2013 12:00am

Fire at KESC Clifton Grid Station

The maintenance team of Karachi Electric Supply Company (KESC) has successfully completed 95 percent maintenance work at Clifton Grid Station, where fire broke out on Saturday affecting power supply from the station.

Published 17 Jun, 2013 12:00am

President phones Dr Malik Baloch

President Asif Ali Zardari on Sunday telephoned to Chief Minister Balochistan, Dr Abdul Malik Baloch. The President assured Dr Malik of his full support, saying that the whole nation was grieved at Saturday's incidents. He also inquired about the injured

Published 17 Jun, 2013 12:00am

Sheikh Rashid sees foreign hand behind Balochistan attacks

Chief of the Awami Muslim League Sheikh Rashid Ahmed Sunday claimed that foreign hands were involved in Zariat and Quetta attacks. Talking to reporters outside the Parliament House here, he said the government should take strict action against the terrori

Published 17 Jun, 2013 12:00am

Sindh budget today

Sindh Government would present provincial budget 2013-14 on Monday in Sindh Assembly. Adviser to Chief Minister Sindh on Finance, Syed Murad Ali Shah, would present the provincial budget. All MPAs of the ruling Pakistan People's Party Parliamentarians (PP

Published 17 Jun, 2013 12:00am

Sindh budget today

Sindh Government would present provincial budget 2013-14 on Monday in Sindh Assembly. Adviser to Chief Minister Sindh on Finance, Syed Murad Ali Shah, would present the provincial budget. All MPAs of the ruling Pakistan People's Party Parliamentarians (PP

Published 17 Jun, 2013 12:00am

Three killed over old enmity

Three persons, including two brothers, were killed over an old enmity in Kala police limits here on Sunday. According to police, Ghulam Akbar Hotwani, his brother Ghulam Hussain and his nephew Ijaz Ahmad were fired upon by accused Muhammad Shafi and his a

Published 17 Jun, 2013 12:00am

No 1200cc vehicle available in local market: call for revising SRO on hybrid vehicles

Consumers will actually be unable to avail the benefit of 100 percent exemption in customs duty on the import of hybrid vehicles, as all renowned brands are selling such hybrid electric vehicles with engine capacities above 1200CC, experts told this corre

Published 17 Jun, 2013 12:00am

Importing liquor under cover of soft drinks: customs initiates action against foreign missions, embassies

Directorate of Intelligence and Investigation Customs have launched a countywide action against those foreign missions and embassies allegedly involved in massive mis-declarations to import liquor or high tariff goods under the cover of diplomatic consign

Published 17 Jun, 2013 12:00am

SEF concerned over deteriorating economic indicators

Members of the Sindh Economic Forum (SEF) expressed serious concern over deteriorating economic indicators in the province and increasing poverty and unemployment in rural and urban areas. The forum expressed disappointment at the lack of efforts at integ

Published 17 Jun, 2013 12:00am

IoBM students shine over social media horizon

Youth of Pakistan has a lot of creative potential and the Institute of Business Management (IoBM) students have proved it by making their dreams happen. IoBM Public Affairs, Event Management and Corporate Communication students, amid the guidance of Facul

Published 17 Jun, 2013 12:00am

Seven Principles of Women Empowerment launched

Business, Academia and Civil Society support empowering of women to participate fully in economic life in all sector and levels of economic activity as an essential initiative for establishing a stable and just society in Pakistan.

Published 17 Jun, 2013 12:00am

Pakistan likely to miss $27 billion export target

Pakistan is likely to miss the export target of $27 billion, ending June 2013, according to stakeholders. One of the biggest impediments in achieving the desired results had been non-professional approach of Trade Development Authority of Pakistan (TDAP)

Published 17 Jun, 2013 12:00am

Three cops killed in Qila Saifullah

At least three policemen were killed in an ambush in Qila Saifullah district on Sunday. Police sources said that unknown armed men riding bikes attacked police check-post near Muslim Bagh area. They opened indiscriminate fire, killing three personnel of p

Published 17 Jun, 2013 12:00am

UN chief condemns Balochistan attacks

UN Secretary-General Ban Ki-moon strongly condemned on Saturday's "heinous" attacks in Quetta and Ziarat that killed at least twenty civilians and injured many more, and called on the Pakistani government to bring the perpetrators to justice. "He (the UN

Published 17 Jun, 2013 12:00am

Law and order situation in Balochistan reviewed

A meeting held in Quetta on Sunday reviewed the situation after bomb blast incidents in Quetta and overall all Law and order situation of Balochistan province. Federal Interior Minister‚ Chaudrary Nisar Ali Khan presided. Important decisions were taken at

Published 17 Jun, 2013 12:00am

Weeping families identify Quetta victims

Weeping relatives gathered Sunday to identify the charred remains of loved ones killed in a double attack here claimed by a banned militant group. At least 25 people were killed on Saturday when militants blew up a bus carrying female students in Quetta,

Published 17 Jun, 2013 12:00am

French aviation authorities impose fine of Rs five million on PIA

French aviation authorities have imposed a fine of Euro 32,000 (around five million rupees) on Pakistan International Airlines (PIA) for operating four flights into Paris not only violating its allotted operating slots but also violating the air operation

Published 17 Jun, 2013 12:00am

HIV regimen prevents infection among drug users

Giving injecting drug users a daily pill against HIV nearly halved their risk of infection by the AIDS virus, a pioneering study published on June 13 said. The four-year research strengthens convictions that antiretroviral drugs can prevent HIV infection,

Published 17 Jun, 2013 12:00am

More pests resistant to GM crops

More pest species are becoming resistant to the most popular type of genetically-modified, insect-repellent crops, but not in areas where farmers follow expert advice, a study said on June 10. The paper delves into a key aspect of so-called Bt corn and co

Published 17 Jun, 2013 12:00am

DNA code sheds light on world-ranging algae

It's just a tiny thing a single-celled organism visible only under a microscope yet it is one of the most successful life forms on the planet. So say scientists who on June 12 published the DNA code of an ocean algae called Emiliania huxleyi, whose astoni

Published 17 Jun, 2013 12:00am

MERS coronavirus has potential to cause pandemic

The World Health Organisation on June 10 urged health workers around the world to be on the alert for symptoms of the deadly Middle East respiratory syndrome coronavirus (MERS), which has the potential to circle the globe and cause a pandemic. The United

Published 17 Jun, 2013 12:00am

Warm ocean water melting Antarctic ice from bottom

Warming ocean waters are melting the Antarctic ice shelves from the bottom up, researchers said on June 13 in the first comprehensive study of the thick platforms of floating ice. Scientists have long known that basal melt, the melting of ice shelves from

Published 17 Jun, 2013 12:00am

Restrictive drug laws censor science

The outlawing of drugs such as cannabis, magic mushrooms and other psychoactive substances amounts to scientific censorship and is hampering research into potentially important medicinal uses, leading scientists argued on June 12. Laws and international c

Published 17 Jun, 2013 12:00am

Researchers optimistic radioactive lead can beat cancer

Atomic medicine has "fantastic potential" for fighting deadly, difficult to treat cancers, the head of French nuclear giant Areva's medical arm told AFP in an interview. "We are interested in tumors against which the current therapeutic arsenal is very li

Published 17 Jun, 2013 12:00am

World set to exceed global warming limit: IEA

Global temperatures are on track to rise by more than double the two-degree Celsius (3.6-degree Fahrenheit) warming goal set by the UN unless urgent measures are taken, the International Energy Agency warned on June 10. "The path we are currently on is mo

Published 17 Jun, 2013 12:00am

Intel eyes mobile device market, plans new processors, smartchips

Intel has announced plans to release a series of new processors and chips as it continues to seek inroads into the market for smartphones, tablets and other mobile devices.

Published 17 Jun, 2013 12:00am

Microsoft Office software debuts on iPhone

Microsoft on June 14 made Office available on iPhones for people who pay to use the popular productivity software as a service in the Internet cloud. A free Office Mobile application for iPhones hit the shelves of Apple's App Store but can only be used wi

Published 17 Jun, 2013 12:00am

PCs out as Senegal opens world's first tablet café

Among the washer women, carpenters, busy waiters and squabbling children sweltering under the midday sun on this dusty Dakar Street an Internet revolution is taking place in the world's first tablet cafe. Next to the workshops, meat stores and barbershops

Published 17 Jun, 2013 12:00am

Google dominates mobile ads, Facebook rises: survey

Google captured more than half of the $8.8 billion spent on mobile Internet advertising worldwide last year and is expected to boost its share in 2013, a market watchers said June 13. Google also took in one-third of all digital ad dollars spent globally,

Published 17 Jun, 2013 12:00am

Google to beam Internet from balloons

Google revealed top-secret plans June 15 to send ballons to the edge of space with the lofty aim of bringing Internet to the two-thirds of the global population currently without web access. Scientists from the technology giant released up to 30 helium-fi

Published 17 Jun, 2013 12:00am

Initiative takes aim at smartphone theft

Law enforcement officials from New York and San Francisco launched a nationwide campaign June 13, to curb smartphone theft with the help of the companies that make the coveted devices. A Secure Our Smartphones Initiative led by New York State attorney gen

Published 17 Jun, 2013 12:00am

Apple unveils new operating systems and Macs

Apple unveiled new software for its computers, smartphones and tablets on June 10 as it sought to halt the encroachment of rivals like Google and Samsung on its premium products. Apple CEO Tim Cook unveiled the new operating systems in the opening address

Published 17 Jun, 2013 12:00am

Facebook adds Twitter-style hashtags for topics

Facebook on June 12 added Twitter-style hashtags to help the more than one billion members of the social network tune into topics of interest at the leading social network. "To date, there has not been a simple way to see the larger view of what's happeni

Published 17 Jun, 2013 12:00am

Most parents monitor kids on Facebook: study

Some two-thirds of American parents monitor their children's Facebook activities, but a large percentage say they trust their youngsters to manage on their own, a study showed on June 13. The survey by the Annenberg Centre for the Digital Future at the Un

Published 17 Jun, 2013 12:00am

Getting rid of programmes in Windows

Windows users can use the software menu under Control Panel to uninstall programmes they no longer want. Unfortunately the procedure isn't particularly fast or thorough. After the de-installation, small remnants of the programme, or "artifacts," can remai

Published 17 Jun, 2013 12:00am

Simple household budget book for Android

Revenue, expenditure and a financial overview, all without graphical bells and whistles: the Housekeeping Book app for Android smartphones is limited to the bare essentials. Users of the free app can create various accounts and in them fill out their inco

Published 17 Jun, 2013 12:00am

Dell opens new factory in southwest China

Computer manufacturer Dell has opened a new factory in the southwest China metropolis Chengdu to "demonstrate the importance of China for Dell's strategy and future", according to chief executive Michael Dell at a recent ceremony in the provincial capital

Published 17 Jun, 2013 12:00am

Microsoft opening mini-shops in Best Buy stores

Microsoft on June 13 announced that it is expanding its real-world retail push with mini-shops inside 600 US and Canadian stores operated by consumer electronics chain Best Buy. Each "store-within-a-store" will feature devices powered by Windows operating

Published 17 Jun, 2013 12:00am

Nokia sets date for expected camera phone launch

Finnish mobile phone maker Nokia has plans to make an announcement on July 11, according to a press invitation sent out on Thursday and amidst widespread speculation in online media that it is about to launch a new flagship camera phone. An e-mailed press

Published 17 Jun, 2013 12:00am

Boeing scores over $10bn in US aircraft orders

Boeing Co has won two multibillion dollar US orders for its Chinook helicopters and the V-22 Osprey it builds with Bell Helicopter, sharply expanding the company's backlog at a time when overall US defense spending is starting to decline. The US Navy told

Published 17 Jun, 2013 12:00am

Barclays seeks up to 700 staff for new Dallas technology hub

Barclays is aiming to recruit up to 700 technology staff in the next 18 months at a new centre in the United States that will develop applications for investment banking and consumer banking. The London-based bank opened its technology hub in Dallas, Texa

Published 17 Jun, 2013 12:00am

Biggest European groups are big in tax havens: NGO

The 50 largest European companies are all heavily present in tax havens with an average of 117 offshore subsidiaries each, a French NGO said on June 12. The report by non-governmental organisation CCFD-Terre Solidaire and CERAS, an organisation that analy

Published 17 Jun, 2013 12:00am

Infosys hikes pay across the board

Infosys, India's second-largest software services provider, announced pay increases for all eligible staff, in its first concrete step made public after the return of founder Narayana Murthy to an executive role. The company will increase pay by an averag

Published 17 Jun, 2013 12:00am

Honda delays hybrid vehicle production in China

Japan's Honda Motor Co. will delay the start of production of gasoline-electric hybrid cars in China in a bid to source cheaper parts, a company official said, in an apparent response to rival Toyota's cost-saving measures. Honda had intended to start loc

Published 17 Jun, 2013 12:00am

Volkswagen car recalls show hazards of rapid growth

The growing number of overseas recalls afflicting Germany's Volkswagen shows the perils of rushing for volume as Europe's largest automaker is vying for the world's top spot. VW, which sells 60 percent of vehicles outside its core European market, said on

Published 17 Jun, 2013 12:00am

Austrian firm in 1.89 billion euro Qatar metro deal

Austrian construction firm Porr announced on June 12 it was to sign a 1.89-billion-euro ($2.5-billion) contract to build one of Doha's new metro lines, as part of a consortium with two Qatari partners, SBG and HBK. This was the second such contract for Eu

Published 17 Jun, 2013 12:00am

AirAsia X plans fleet, route expansion with $418 million IPO

Malaysian long-haul carrier AirAsia X said on June 10it plans use cash from a public listing worth up to $418 million to more than triple its Airbus fleet and expand routes to meet demand in Asia-Pacific. The budget carrier founded by aviation tycoon Tony

Published 17 Jun, 2013 12:00am

AirAsia X plans fleet, route expansion with $418 million IPO

Malaysian long-haul carrier AirAsia X said on June 10it plans use cash from a public listing worth up to $418 million to more than triple its Airbus fleet and expand routes to meet demand in Asia-Pacific. The budget carrier founded by aviation tycoon Tony

Published 17 Jun, 2013 12:00am

Emerging market crunch may cause Fed to think twice

If currency turbulence in emerging markets escalates into full-scale investor flight, the US Federal Reserve may have a fresh headache in deciding when to slow its dollar printing policy. Given all the obvious influences on Fed policy - domestic inflation

Published 17 Jun, 2013 12:00am

Emerging market crunch may cause Fed to think twice

If currency turbulence in emerging markets escalates into full-scale investor flight, the US Federal Reserve may have a fresh headache in deciding when to slow its dollar printing policy. Given all the obvious influences on Fed policy - domestic inflation

Published 17 Jun, 2013 12:00am

Dhoni urges high-flying India to stay grounded

Indian captain Mahendra Singh Dhoni has told his match-winning young team to remain focused as it approached the business end of the Champions Trophy. The reigning World Cup champions have enjoyed a remarkable campaign in the eight-nation tournament so fa

Published 17 Jun, 2013 12:00am

World Cup winners Ottmar Walter and Heinz Flohe die

German World Cup winners Ottmar Walter and Heinz Flohe have passed away. Walter, who was a member of the German side that beat Hungary 3-2 in Berne in 1954, died on Sunday, officials at his former club Kaiserslautern said.

Published 17 Jun, 2013 12:00am

Federer battles back to beat Youzhny for Halle title

Roger Federer clinched his first title of the season before the start of his Wimbledon defence when he battled back from a set down to beat Russia's Mikhail Youzhny 6-7(5)6-3 6-4 and win the Halle Open on Sunday. The world number three, who has now won th

Published 17 Jun, 2013 12:00am

Pakistan need captain Misbah: Wasim

Former Pakistan captain Wasim Akram has thrown his support behind under fire skipper Misbah-ul-Haq after the national team's disappointing Champions Trophy tournament. Misbah, 39, was the only Pakistani batsman to shine with two half centuries in England

Published 17 Jun, 2013 12:00am

Exodus of Spain players bad for La Liga: Pique

The exodus of top Spanish players from cash-strapped La Liga is a good thing for the national team but bad for the domestic league, according to Barcelona and Spain defender Gerard Pique. Jesus Navas became the latest international to move abroad when he

Published 17 Jun, 2013 12:00am

Action urged for Pakistan's woeful batsmen

Pakistan cricket pundits Sunday called for an overhaul of the team's coaching after their dismal showing at the Champions Trophy ended with a humiliating defeat to India. After a poor performance on tour in South Africa the batsmen again let the side down

Published 17 Jun, 2013 12:00am

Egypt, Ethiopia, Ivory Coast reach play-offs

Egypt, Ethiopia and Ivory Coast Sunday became the first countries to reach the play-offs in the Africa zone of the 2014 World Cup qualifiers. A spectacular own goal by Bernard Parker gifted lowest Group A seeds Ethiopia a 2-1 triumph over 2010 World Cup h

Published 17 Jun, 2013 12:00am

Motorcycling: Lorenzo seals third Catalunya MotoGP win

Reigning world champion Jorge Lorenzo cut compatriot Dani Pedrosa's lead in the championship standings to just seven points with his third career win at the Catalunya MotoGP on Sunday. The 26-year-old Spaniard, who was winning for the third time this seas

Published 17 Jun, 2013 12:00am

Scandals overshadow twenty20 birthday celebrations

It was meant to be the saviour of cricket - a quick-fire format spiced with cheerleaders and film-star glamour that would reverse a decline in attendance and draw in a new wave of middle-class fans.

Published 17 Jun, 2013 12:00am

Nielsen laments lack of Australia 'leaders'

Former Australia coach Tim Nielsen said on Sunday the current side were suffering from a lack of leaders. Australia's Champions Trophy campaign, which has seen the title-holders struggle on the field, has been overshadowed by the ban handed out to batsman

Published 17 Jun, 2013 12:00am

Neymar's day as Brazil beat Japan in opener

Neymar inspired Brazil to a 3-0 win over Japan on Saturday as the five-time world champions made a perfect start to their bid to clinch a third successive Confederations Cup title. Brazil won the competition in 1997, as well as the 2005 and 2009 editions,

Published 17 Jun, 2013 12:00am

RBS boss exit sparks questions over political strategy

The surprise departure of Royal Bank of Scotland boss Stephen Hester, reportedly at the request of the British government, has sparked questions about the strategy for the state-rescued lender, according to analysts. Hester's exit, revealed on Wednesday,

Published 17 Jun, 2013 12:00am

Pratt sees deal for F-35 engines in next 30 days

Pratt & Whitney, a unit of United Technologies Corp, expects to reach agreement with the Pentagon within the next 30 days on a contract for engines to power a sixth batch of F-35 fighter jets, Pratt President David Hess told Reuters.

Published 17 Jun, 2013 12:00am

Australia's gold output down 5 percent in first quarter

Australia's gold output fell 5 percent in the first quarter on weather-related disruption and a weaker currency would likely have cushioned a sharper fall in the current quarter when the metal's price plunged, a consultant said. Output at the world's no.

Published 17 Jun, 2013 12:00am

Japanese Prime Minister promotes nuclear exports at central Europe summit

Japanese Prime Minister Shinzo Abe made a push on Sunday for his country's nuclear technologies at a summit in Warsaw with leaders of four ex-Communist European countries, as part of his bid to boost the Asian powerhouse's exports. Abe recently unveiled p

Published 17 Jun, 2013 12:00am

Spaniards march against government austerity

Thousands of people protested in Madrid on Sunday against austerity policies and record high unemployment, urging Prime Minister Mariano Rajoy to focus on creating jobs to help pull the country out of recession. To the din of whistles and drums, the demon

Published 17 Jun, 2013 12:00am

Metito gets funding to expand in China, Indonesia

United Arab Emirates-based water and waste-water specialist Metito has secured long-term financing to support expansion plans in Indonesia, Egypt and China. The company, owned 56 percent by Abu Dhabi-based Gulf Capital and 6 percent by the World Bank's In

Published 17 Jun, 2013 12:00am

Metito gets funding to expand in China, Indonesia

United Arab Emirates-based water and waste-water specialist Metito has secured long-term financing to support expansion plans in Indonesia, Egypt and China. The company, owned 56 percent by Abu Dhabi-based Gulf Capital and 6 percent by the World Bank's In

Published 17 Jun, 2013 12:00am

Myanmar to take foreign tenders on Yangon development project

Myanmar is to accept tenders from foreign companies for its ambitious "mega city" project in northern Yangon, an official said Sunday. "Tenders from both local and foreign companies will be called soon," said an official at the Yangon City Development Com

Published 17 Jun, 2013 12:00am

Palestinians, Israel to resume economic links

Israel and the Palestinian Authority decided to resume economic co-operation suspended by the Jewish state last year, at a meeting of their finance ministers on Sunday. The Israeli finance ministry, announcing the agreement as host of the Jerusalem talks,

Published 17 Jun, 2013 12:00am

Waha Capital buys majority stake in UAE healthcare firm

Abu Dhabi investment firm Waha Capital has acquired a 97-percent stake in a UAE healthcare company and plans to invest up to 250 million dirhams ($68.1 million) over three years in the fast-growing sector, its chief executive said on Sunday.

Published 17 Jun, 2013 12:00am

Saudi Arabia plans to block WhatsApp within weeks

Saudi Arabia plans to block Internet-based communication tool WhatsApp within weeks if the US-based firm fails to comply with requirements set by the kingdom's telecom regulator, local newspapers reported this week. This month the Communications and Infor

Published 17 Jun, 2013 12:00am

Tax evasion, bank secrecy: G8 talks tough, seeks teeth

Tax evasion and banking secrecy, hot topics and top targets because of the financial crises and austerity, could be the focus of strong statements at the G8 meeting this week. The British government, organising the meeting in Northern Ireland, has promise

Published 17 Jun, 2013 12:00am

Rockwood agrees 1.49 billion euro CeramTec sale to Cinven

Cinven Ltd has agreed to buy CeramTec for 1.49 billion euros ($1.99 billion), beating rival private equity firm BC Partners Ltd in bidding for the Germany-based industrial ceramics unit of US chemicals maker Rockwood Holdings. A statement issued on Sunday

Published 17 Jun, 2013 12:00am

Rockwood agrees 1.49 billion euro CeramTec sale to Cinven

Cinven Ltd has agreed to buy CeramTec for 1.49 billion euros ($1.99 billion), beating rival private equity firm BC Partners Ltd in bidding for the Germany-based industrial ceramics unit of US chemicals maker Rockwood Holdings. A statement issued on Sunday

Published 17 Jun, 2013 12:00am

Angola LNG begins exports; first cargo sails to Brazil

Angola's much-delayed liquefied natural gas (LNG) project has started exports, with the first cargo shipped to Brazil on Sunday, the Angola LNG venture said in a statement. The $10-billion plant was initially due to start exports 18 months ago, but has be

Published 17 Jun, 2013 12:00am

Saudi Aramco-Dow joint venture raises funding for $19 billion project

Sadara Chemical Co, a joint venture between Saudi Aramco and Dow Chemical, has signed a fundraising package for the $19.3 billion petrochemical complex it is building in the east of the kingdom, three banking sources said on Sunday. The financing package

Published 17 Jun, 2013 12:00am

Bangladesh's interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Sunday. 77.75-77.75 (77.75-77.76).

Published 17 Jun, 2013 12:00am

Bangladesh's interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Sunday. 77.75-77.75 (77.75-77.76).

Published 17 Jun, 2013 12:00am

Springer Science targets $1 billion in IPO, still eyes sale

German academic publisher Springer Science+Business Media plans to sell new shares worth 760 million euros ($993 million) in early July, raising the pressure on potential suitors eyeing the whole company. Three private equity firms have offered as much as

Published 17 Jun, 2013 12:00am

Springer Science targets $1 billion in IPO, still eyes sale

German academic publisher Springer Science+Business Media plans to sell new shares worth 760 million euros ($993 million) in early July, raising the pressure on potential suitors eyeing the whole company. Three private equity firms have offered as much as

Published 17 Jun, 2013 12:00am

Currency	Rate
USD PKR Interbank Selling / Oct 30	277.85
USD PKR Interbank Buying / Oct 30	277.65
USD to Japanese Yen / Oct 30	153.33
USD to Swiss Franc / Oct 30	0.87
Pound Sterling to USD / Oct 30	1.30
Euro to USD / Oct 30	1.08

Stock	Volume
S&P 500 / Oct 29	5,823.92
Nasdaq / Oct 29	18,712.75
Dow Jones / Oct 29	42,233.05
India Sensex / Oct 30	80,261.31
Tokyo Nikkei / Oct 30	39,277.39
Hang Seng / Oct 30	20,369.49
FTSE 100 / Oct 30	8,198.17
Germany DAX 30 / Oct 30	19,360.95

Item	Value
Karachi Cotton PKR/37.32 KG / Oct 29	18,085
Gold 10 Grams PKR / Oct 29	244,342
Crude Oil USD/Barrel / Oct 30	67.79
Gold Spot USD/Ounce / Oct 30	2,787.26
Cotton US¢/pound / Oct 30	70.63
Petrol/Litre / Oct 31	247.03

Stock	Price
786 Invest Ltd / Oct 31 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Oct 31 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Oct 31 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Oct 31 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Oct 31 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Oct 31 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Oct 31 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Oct 31 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Oct 31 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Oct 31 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Oct 31 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Oct 31 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Oct 31 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Oct 31 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Oct 31 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Oct 31 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Oct 31 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Oct 31 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Oct 31 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Oct 31 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Oct 31 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Oct 31 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Oct 31 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Oct 31 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Oct 31 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Oct 31 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Oct 31 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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