News Archives for Print - 2013-10-21 - Business Recorder

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Print - 2013-10-21

EU top migration official urges more action to prevent sea deaths

EU top migration official urges more action to prevent sea deaths

The European Union's top migration official on Sunday called on all member states to commit more money and resources to preventing to death at sea of migrants who try to reach Europe from Africa across the Mediterranean.

Published 21 Oct, 2013 12:00am

Afghan special forces commander joins Taliban

Afghan special forces commander joins Taliban

An Afghan army commander with the special force unit has joined the Taliban, taking a tank and some weapons and ammunition with him, an army official said on Sunday. "The commander of Afghan special forces of the national army disappeared three days ago i

Published 21 Oct, 2013 12:00am

South Korea, Malaysia sign $4.7 billion currency swap deal

South Korea, Malaysia sign $4.7 billion currency swap deal

South Korea and Malaysia on Sunday signed a currency swap agreement worth $4.7 billion, Seoul's central bank said, in a move to encourage bilateral trade and help curb currency swings. The latest agreement allows the two Asian nations to purchase and repu

Published 21 Oct, 2013 12:00am

South Korea, Malaysia sign $4.7 billion currency swap deal

South Korea, Malaysia sign $4.7 billion currency swap deal

South Korea and Malaysia on Sunday signed a currency swap agreement worth $4.7 billion, Seoul's central bank said, in a move to encourage bilateral trade and help curb currency swings. The latest agreement allows the two Asian nations to purchase and repu

Published 21 Oct, 2013 12:00am

Arms and ammunition: commission recommends anti-smuggling powers to MSA, PCG

Arms and ammunition: commission recommends anti-smuggling powers to MSA, PCG

One-member Commission on 'smuggling of arms and ammunition' has recommended anti-smuggling powers to Maritime Security Agency (MSA) and Pakistan Coast Guards (PCG) protecting the high seas, besides putting in place a new Customs Force to protect the sea f

Published 21 Oct, 2013 12:00am

Arms and ammunition: commission recommends anti-smuggling powers to MSA, PCG

Arms and ammunition: commission recommends anti-smuggling powers to MSA, PCG

One-member Commission on 'smuggling of arms and ammunition' has recommended anti-smuggling powers to Maritime Security Agency (MSA) and Pakistan Coast Guards (PCG) protecting the high seas, besides putting in place a new Customs Force to protect the sea f

Published 21 Oct, 2013 12:00am

JPMorgan to pay record $13 billion to settle US probes

JPMorgan to pay record $13 billion to settle US probes

Banking giant J. P Morgan Chase reached a tentative agreement to pay a record $13 billion fine to the Justice Department to settle probes into its residential mortgage-backed securities, US media reported Saturday.

Published 21 Oct, 2013 12:00am

JPMorgan to pay record $13 billion to settle US probes

JPMorgan to pay record $13 billion to settle US probes

Banking giant J. P Morgan Chase reached a tentative agreement to pay a record $13 billion fine to the Justice Department to settle probes into its residential mortgage-backed securities, US media reported Saturday.

Published 21 Oct, 2013 12:00am

JPMorgan to pay record $13 billion to settle US probes

JPMorgan to pay record $13 billion to settle US probes

Banking giant J. P Morgan Chase reached a tentative agreement to pay a record $13 billion fine to the Justice Department to settle probes into its residential mortgage-backed securities, US media reported Saturday.

Published 21 Oct, 2013 12:00am

Rebels kill 41 in South Sudan cattle raid

Rebels kill 41 in South Sudan cattle raid

Rebels in South Sudan's volatile Jonglei state killed at least 41 people and wounded 46 others in a raid on three cattle camps on Sunday, a local official said. Since breaking from Sudan in 2011, oil-producing South Sudan has struggled to assert control o

Published 21 Oct, 2013 12:00am

Rebels kill 41 in South Sudan cattle raid

Rebels kill 41 in South Sudan cattle raid

Rebels in South Sudan's volatile Jonglei state killed at least 41 people and wounded 46 others in a raid on three cattle camps on Sunday, a local official said. Since breaking from Sudan in 2011, oil-producing South Sudan has struggled to assert control o

Published 21 Oct, 2013 12:00am

Details about Pakistani investors: FBR contemplating approaching UAE

Details about Pakistani investors: FBR contemplating approaching UAE

Federal Board of Revenue (FBR) is contemplating to approach the United Arab Emirates (UAE) to get details about Pakistani investors, it was learnt here on Sunday. Sources in FBR headquarters, Islamabad told Business Recorder that the board after th

Published 21 Oct, 2013 12:00am

Details about Pakistani investors: FBR contemplating approaching UAE

Details about Pakistani investors: FBR contemplating approaching UAE

Federal Board of Revenue (FBR) is contemplating to approach the United Arab Emirates (UAE) to get details about Pakistani investors, it was learnt here on Sunday. Sources in FBR headquarters, Islamabad told Business Recorder that the board after th

Published 21 Oct, 2013 12:00am

Details about Pakistani investors: FBR contemplating approaching UAE

Details about Pakistani investors: FBR contemplating approaching UAE

Federal Board of Revenue (FBR) is contemplating to approach the United Arab Emirates (UAE) to get details about Pakistani investors, it was learnt here on Sunday. Sources in FBR headquarters, Islamabad told Business Recorder that the board after th

Published 21 Oct, 2013 12:00am

Germany to back EU talks with Turkey

Germany to back EU talks with Turkey

Germany is to drop the opposition it raised in June to opening a new chapter of talks with European Union membership candidate Turkey after its crackdown on a wave of anti-government protests earlier this year, a source said. The European Commission recom

Published 21 Oct, 2013 12:00am

Germany to back EU talks with Turkey

Germany to back EU talks with Turkey

Germany is to drop the opposition it raised in June to opening a new chapter of talks with European Union membership candidate Turkey after its crackdown on a wave of anti-government protests earlier this year, a source said. The European Commission recom

Published 21 Oct, 2013 12:00am

Britain to build Europe's first nuclear plant since Fukushima

Britain to build Europe's first nuclear plant since Fukushima

Britain is set to sign a deal with France's EDF for the first nuclear plant to start construction in Europe since Japan's Fukushima disaster raised safety concerns world-wide, at a cost estimated at around $23 billion. Under the deal, expected to be annou

Published 21 Oct, 2013 12:00am

Britain to build Europe's first nuclear plant since Fukushima

Britain to build Europe's first nuclear plant since Fukushima

Britain is set to sign a deal with France's EDF for the first nuclear plant to start construction in Europe since Japan's Fukushima disaster raised safety concerns world-wide, at a cost estimated at around $23 billion. Under the deal, expected to be annou

Published 21 Oct, 2013 12:00am

Britain to build Europe''s first nuclear plant since Fukushima

Britain to build Europe''s first nuclear plant since Fukushima

Britain is set to sign a deal with France''s EDF for the first nuclear plant to start construction in Europe since Japan''s Fukushima disaster raised safety concerns world-wide, at a cost estimated at around $23 billion. Under the deal, expected to be ann

Published 21 Oct, 2013 12:00am

Delay in arrival of post-Hajj flights irks pilgrims

Delay in arrival of post-Hajj flights irks pilgrims

The delay in arrival of post-Hajj flights of private airlines irked pilgrims, particularly hundreds of relatives, who keep waiting inordinately for several hours at the Bacha Khan International Airport Peshawar. According to airport sources said that the

Published 21 Oct, 2013 12:00am

Government made best possible arrangements for Hujjaj: Pervaiz

Government made best possible arrangements for Hujjaj: Pervaiz

Minister for Information and Broadcasting Pervaiz Rashid has said the government has made best possible arrangements for Hujjaj in Saudi Arabia and they performed their religious duties with utmost satisfaction. He was talking to newsmen at Islamabad airp

Published 21 Oct, 2013 12:00am

PIA's post-Hajj operation begins

PIA's post-Hajj operation begins

PIA started post-Hajj operations from Sunday to bring Hajjis back from Saudi Arabia with first post-Hajj flight, which was arrived at Allama Iqbal International Airport Lahore at early morning, said airlines spokesperson.

Published 21 Oct, 2013 12:00am

Prime Minister urged to voice national concerns about drone strikes on US visit

Prime Minister urged to voice national concerns about drone strikes on US visit

Jamaat-i-Islami Peshawar chapter demanded of Prime Minister, Nawaz Sharif to express the concerns of people of Pakistan, about the drone strikes during his visit to US, and should take a clear stance on this important issue. The JI district Peshawar, Amee

Published 21 Oct, 2013 12:00am

Hillary Clinton makes a come back in politics

Hillary Clinton makes a come back in politics

Former US Secretary of State Hillary Clinton came back into the thorny world of campaign politics for the first time since the 2008 presidential race. She has appeared at a rally for Terry McAuliffe, the long time Clinton confidante now running for govern

Published 21 Oct, 2013 12:00am

10 Afghans, 28 other criminals arrested

10 Afghans, 28 other criminals arrested

The University Town police on Sunday sealed a 'Sheesha house', and arrested 10 Afghans along with 28 other criminals during an operation in the posh locality of University Town road Peshawar. The police claimed that they had recovered a Kalashnikov, and a

Published 21 Oct, 2013 12:00am

No military operation in Awaran, Mushke: DG ISPR

No military operation in Awaran, Mushke: DG ISPR

Dispelling a misperception which has been created by some media reports, Director General, Inter Services Public Relations (ISPR), Major General Asim Saleem Bajwa on Sunday said that security forces are committed in relief operation only, despite repeated

Published 21 Oct, 2013 12:00am

Chief minister Sindh calls on Governor

Chief minister Sindh calls on Governor

Sindh Chief Minister Syed Qaim Ali Shah called on Governor Sindh Dr Ishratul Ebad Khan at Governor House on Sunday. Both the leaders discussed law and order situation, local-bodies elections, arrangements for the recently celebrated Eidul Azha and other o

Published 21 Oct, 2013 12:00am

JUI-F KP convenes party meeting on October 25

JUI-F KP convenes party meeting on October 25

Provincial Amir, JUI-F, Khyber Pakhtunkhwa, Maulana Sheikh Amanullah has convened a meeting of the provincial executive committee of the party on October 25 and provincial Shura on October 26 in Peshawar. According to secretary information, JUI-F, Khyber

Published 21 Oct, 2013 12:00am

Couple gunned down in Lahore

Couple gunned down in Lahore

A man and his wife were shot dead on Sunday by unknown attacker over an old enmity, here at Badami Bagh. According to police, Khalid with his wife Musarrat was on way to Manga Mandi to attend a marriage ceremony when the unidentified assailant opened fire

Published 21 Oct, 2013 12:00am

Renowned singer Zubaida Khanum laid to rest

Renowned singer Zubaida Khanum laid to rest

Renowned playback singer and one of the best singers from Lollywood's golden era Zubaida Khanum, who died of cardiac arrest at the age of 78 on Saturday night after protracted illness, was laid to rest in Miani Sahib Graveyard here on Sunday morning. Earl

Published 21 Oct, 2013 12:00am

Two killed by trains

Two killed by trains

Two people were killed after being hit by trains in different incidents on Sunday. According to police, Muhammad Hanif of Mohallah Hasanpura was crossing the track near new Phatak on Jhumra Road when a train hit him. As a result, Muhammad Hanif died on th

Published 21 Oct, 2013 12:00am

KP Local Government Bill 2013: devolution process to be completed in nine months

KP Local Government Bill 2013: devolution process to be completed in nine months

Devolution process under the Khyber Pakhtunkhwa Local Government Bill 2013 will complete in nine months when 24 departments would be devolved to district level. The Pakistan Tehrik-e-Insaf (PTI) led coalition government in Khyber Pakhtunkhwa has presented

Published 21 Oct, 2013 12:00am

Kite string claims life of a child

Kite string claims life of a child

City Police Officer (CPO) Gujranwala Raja Rifat Mukhtar suspended four police officials including a Station House Office (SHO) for alleged negligence as a child died after a kite string slit his throat here on Sunday. CPO Raja Rifat Mukhtar had directed t

Published 21 Oct, 2013 12:00am

Ebad seeks Turkish Investment

Ebad seeks Turkish Investment

Sindh Governor Dr Ishrat-ul-Ebad Khan has called for Turkish investment in Pakistan to help meet the economic challenges. He was talking to a Turkish delegation consisting of investors as well as representatives of the non-government organisations (NGOs)

Published 21 Oct, 2013 12:00am

Nigeria begins NIC System developed by Nadra

Nigeria begins NIC System developed by Nadra

Nigeria has started registration of citizens after issuance of National Identity Card to the President of Nigeria on Thursday. The National Identity Card Programme was formally inaugurated at an event held at Nigerian Presidency in Abuja in which Presiden

Published 21 Oct, 2013 12:00am

Tunnel farming gains popularity among small farmers

Tunnel farming gains popularity among small farmers

Tunnel technology for vegetable production has gained popularity among small growers and farmers in Sialkot district. A large number of farmers has adopted tunnel farming technology on their own expenses and not taken any support from the Punjab governmen

Published 21 Oct, 2013 12:00am

Six police officials Suspended

Six police officials Suspended

CCPO Lahore Chaudhry Shafiq Ahmad suspended six officials over misuse of power and negligence. According to police, the CCPO visited different pickets in the city, including Kot Lakhpat, Scheme Mor, Wahdat Road and Bobattian Chowk, found officials guilty

Published 21 Oct, 2013 12:00am

PCGA rebuts cartelization allegations

PCGA rebuts cartelization allegations

Pakistan Cotton Ginners Association (PCGA) has dispelled the impression of forming cartel with All Pakistan Textile Mills Association (APTMA) or maintaining monopoly in cotton trade to fleece the cotton growers. The PCGA made it clear that it could not ev

Published 21 Oct, 2013 12:00am

FPCCI chief leaves for Bangkok to attend EFN conference

FPCCI chief leaves for Bangkok to attend EFN conference

President FPCCI Zubair Ahmed Malik left for Bangkok on Sunday to attend three-day annual conference of the Economic Freedom Network (EFN) Asia. Experts, business leaders and individuals from twenty-eight countries are scheduled to participate in the confe

Published 21 Oct, 2013 12:00am

PU hosts breakfast

PU hosts breakfast

The Law College's faculty members of Punjab University on Sunday hosted a breakfast for the professor of law at South Asian University and its faculty member Dr Amman Ullah at Executive Club. Acting Dean Faculty of Law Professor Dr Liaqat Ali; Chairman Ha

Published 21 Oct, 2013 12:00am

Shahbaz approves preparation of Lahore Division's Master Plan

Shahbaz approves preparation of Lahore Division's Master Plan

Punjab Chief Minister Shahbaz Sharif has given formal approval to reorganisation of Lahore Development Authority (LDA) and preparation of the master plan of Lahore Division. He directed that urban planning be made in accordance with the needs of the moder

Published 21 Oct, 2013 12:00am

FPCCI for reversal of two weekly holidays

FPCCI for reversal of two weekly holidays

The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Sunday called for a reversal of the policy to observe two weekly holidays for conserving energy in the larger national interests. Commenting over the six-day closure on the occasion o

Published 21 Oct, 2013 12:00am

Centre, provinces impede LB polls: JI

Centre, provinces impede LB polls: JI

Secretary General, Jamaat-i-Islami(JI), Liaqat Baloch, who also heads the JI Political Committee, has said that the federal and the provincial governments were deliberately creating obstructions in holding local bodies elections, and added that government

Published 21 Oct, 2013 12:00am

Fazl for initiating peace dialogues with Taliban

Fazl for initiating peace dialogues with Taliban

Jamiat Ulema-e-Islam-Fazl (JUI-F) chief Maulana Fazlur Rehman has blamed that conspiracies are being hatched to halt the peace dialogues with Taliban. Talking to media persons here on Sunday, Fazl demanded of the federal government to initiate the peace t

Published 21 Oct, 2013 12:00am

UAF to hold four-day Rabi Festival from October 24

UAF to hold four-day Rabi Festival from October 24

The University of Agriculture Faisalabad (UAF) is organising a four-day Rabi Festival from October 24 to October 27. Colourful events will be held during the festival including agricultural exhibition, farmer convention, cultural programmes, international

Published 21 Oct, 2013 12:00am

Malik made member of PC body

Malik made member of PC body

The government has made vice president Saarc CCI and former president FPCCI, Iftikhar Ali Malik, member of Advisory Committee of Planning Commission(PC) headed by Ehsan Iqbal. Malik has requested all chambers of commerce and industry and associations to f

Published 21 Oct, 2013 12:00am

Turkish agency to help develop various sectors in Punjab: MoU signed

Turkish agency to help develop various sectors in Punjab: MoU signed

A memorandum of understanding (MoU) has been signed, on Sunday between Punjab Government and Turk Co-operation and Co-ordination Agency, for co-operation in various sectors. Punjab Chief Minister, Shahbaz Sharif, Provincial Minister for Housing Tanvir Asl

Published 21 Oct, 2013 12:00am

Release of US aid ploy to ask 'Do More': JI Ameer

Release of US aid ploy to ask 'Do More': JI Ameer

Ameer, Jamaat-i-Islami, Syed Munawar Hasan, has said, the release of the US aid to Pakistan was closely linked with the Obama- Nawaz meeting and in return, Washington would press for additional conditionalities and ask for Do More. Commenting on the repor

Published 21 Oct, 2013 12:00am

PEF efforts lauded for promoting free education

PEF efforts lauded for promoting free education

The Punjab Education Foundation (PEF) has helped small-scale private schools through its useful interventions to improve their academic standards and provide free quality education to the students.

Published 21 Oct, 2013 12:00am

Man kills cousin, commits suicide

Man kills cousin, commits suicide

A man killed his cousin over a marriage dispute in Mid Ranjha police limits on Sunday. According to police, Omar Hayat of Kalakot, Kotmomin, wanted to marry his cousin Sumera of the same village but her parents refused. To which, Omer Hayat shot her dead

Published 21 Oct, 2013 12:00am

Citizens advised to use energy-efficient appliances

Citizens advised to use energy-efficient appliances

The Sui Northern Gas Pipelines Company Limited (SNGPL) has urged citizens to use efficient home appliances to save energy keeping in view the gas shortage in the country. During winter, the people should use appliances, especially geysers and room heaters

Published 21 Oct, 2013 12:00am

Hollande faces backlash in schoolgirl deportation row

Hollande faces backlash in schoolgirl deportation row

President Francois Hollande was widely criticised on Sunday for offering to allow a deported immigrant teenager back into France without her family, and a poll showed his approval ratings at a record low.

Published 21 Oct, 2013 12:00am

Sydney Opera House celebrates 40 years

Sydney Opera House celebrates 40 years

The Sydney Opera House, world heritage-listed as "one of the indisputable masterpieces of human creativity", celebrated its 40th birthday Sunday with a flotilla of lifesavers, Aboriginal dancers and a gigantic cupcake. Huge crowds packed the steps for a d

Published 21 Oct, 2013 12:00am

Malaysian leader strengthens hand in party polls

Malaysian leader strengthens hand in party polls

Malaysian Prime Minister Najib Razak strengthened his hand in ruling-party elections, but analysts said questions remain over his stop-start plans for reforms amid resistance from conservatives. Najib was unopposed as president of the long-ruling United M

Published 21 Oct, 2013 12:00am

Napoleon defeated in Leipzig, again

Napoleon defeated in Leipzig, again

Thousands of history buffs in 19th-century costumes took to a battlefield outside Leipzig, Germany, on Sunday to re-enact the bloody Battle of the Nations on the 200th anniversary of Napoleon's decisive loss. Fifes and drums played in the background as me

Published 21 Oct, 2013 12:00am

Eurozone countries talk growth, wield rigour in budgets to EU

Eurozone countries talk growth, wield rigour in budgets to EU

While growth and recovery are back as buzzwords in European budgets for next year, rigour and austerity still remain hard at work in several countries. Eurozone finance ministries had until last Tuesday to send the European Commission in Brussels their dr

Published 21 Oct, 2013 12:00am

Wal-Mart trims overseas growth, adds small US stores

Wal-Mart trims overseas growth, adds small US stores

Wal-Mart Stores Inc is taking a number of steps, from closing poorly performing operations in Brazil and China to opening smaller US stores, as it moves to improve results in the face of difficult conditions world-wide. The world's largest retailer sees t

Published 21 Oct, 2013 12:00am

IBM misses revenue expectations

IBM misses revenue expectations

IBM, the world's largest technology services company, reported third-quarter earnings that beat Wall Street estimates, but it missed revenue expectations due to a decline in its hardware business and in emerging markets. International Business Machines Co

Published 21 Oct, 2013 12:00am

IBM misses revenue expectations

IBM misses revenue expectations

IBM, the world's largest technology services company, reported third-quarter earnings that beat Wall Street estimates, but it missed revenue expectations due to a decline in its hardware business and in emerging markets. International Business Machines Co

Published 21 Oct, 2013 12:00am

Roche to spend $880 million, create 500 jobs

Roche to spend $880 million, create 500 jobs

Swiss drugmaker Roche is to invest 800 million Swiss francs ($880 million) in its global manufacturing facilities over the next five years, creating 500 jobs, as it prepares for growing demand for its biologic medicines. The world's largest maker of cance

Published 21 Oct, 2013 12:00am

Roche to spend $880 million, create 500 jobs

Roche to spend $880 million, create 500 jobs

Swiss drugmaker Roche is to invest 800 million Swiss francs ($880 million) in its global manufacturing facilities over the next five years, creating 500 jobs, as it prepares for growing demand for its biologic medicines. The world's largest maker of cance

Published 21 Oct, 2013 12:00am

France's Dassault Systemes halves revenue growth forecast

France's Dassault Systemes halves revenue growth forecast

French software maker Dassault Systemes warned on October 14 that revenue growth will be sharply lower than expected this year, citing sluggish orders, especially in Asia. The company said it had suffered from lengthening investment decisions and that a p

Published 21 Oct, 2013 12:00am

France's Dassault Systemes halves revenue growth forecast

France's Dassault Systemes halves revenue growth forecast

French software maker Dassault Systemes warned on October 14 that revenue growth will be sharply lower than expected this year, citing sluggish orders, especially in Asia. The company said it had suffered from lengthening investment decisions and that a p

Published 21 Oct, 2013 12:00am

US companies sour on France: survey

US companies sour on France: survey

Only 13 percent of US companies having invested in France have a good opinion of the country, a joint survey by the American Chamber of Commerce and Bain & Company consultants said on October 15. For 2013, the annual survey said only 10 percent of its res

Published 21 Oct, 2013 12:00am

Reliance Industries net profit up 1.5 percent

Reliance Industries net profit up 1.5 percent

Reliance Industries, India's largest private firm, on October 14 said its quarterly net profit edged up 1.5 percent, matching estimates, as higher sales offset the impact of weak margins from refining operations. The energy giant, controlled by India's we

Published 21 Oct, 2013 12:00am

Reliance Industries net profit up 1.5 percent

Reliance Industries net profit up 1.5 percent

Reliance Industries, India's largest private firm, on October 14 said its quarterly net profit edged up 1.5 percent, matching estimates, as higher sales offset the impact of weak margins from refining operations. The energy giant, controlled by India's we

Published 21 Oct, 2013 12:00am

ABN AMRO commodity unit to focus on trade financing, Asia

ABN AMRO commodity unit to focus on trade financing, Asia

Dutch bank ABN AMRO plans to increase its presence in commodity trade financing and mining project financing, in a bid to boost growth in its metals, energy and agriculture business, the bank's global head of metal commodities said. Piet-Hein Ingen Housz

Published 21 Oct, 2013 12:00am

Birsa stunner gives Milan scrappy win over Udinese

Birsa stunner gives Milan scrappy win over Udinese

A stunning long-range strike by Valter Birsa helped AC Milan end their poor run of Serie A form with a scrappy 1-0 home win over Udinese on Saturday. In the day's other match Cagliari came from a goal down to beat 10-man Catania 2-1 on their return to the

Published 21 Oct, 2013 12:00am

Federer back in spotlight as Nadal skips Swiss Indoors

Federer back in spotlight as Nadal skips Swiss Indoors

Roger Federer has regained the spotlight at his home Swiss Indoors starting on Monday following the late pullout of Rafael Nadal, who said that the strain of winning ten titles this season had sapped him of all energy. Federer, who got his start in the ga

Published 21 Oct, 2013 12:00am

Halep's dream year continues as she beats Stosur win Kremlin Cup

Halep's dream year continues as she beats Stosur win Kremlin Cup

Romanian Simona Halep's superb year continued on Sunday as she captured her fifth title of the year beating Australian Samantha Stosur 7-6 (7/1), 6-2 in the final of the Kreamlin Cup in Moscow. The 22-year-old fifth seed - ranked 18 in the world - took 1h

Published 21 Oct, 2013 12:00am

Lucky to be alive, Ryder ready to return

Lucky to be alive, Ryder ready to return

Batsman Jesse Ryder will return to top-level cricket in New Zealand next week, ready to put behind him a year in which he served a six-month doping ban and survived an assault that left him in a coma with serious head injuries. The 29-year-old, who had be

Published 21 Oct, 2013 12:00am

Ibrahimovic, Cavani propel PSG back to Ligue 1 summit

Ibrahimovic, Cavani propel PSG back to Ligue 1 summit

Zlatan Ibrahimovic and Edinson Cavani both struck twice to inspire Paris Saint-Germain to a comfortable 4-0 victory over hapless Bastia and lift the capital side three points clear in Ligue 1 on Saturday. Ibrahimovic opened the scoring after only 10 minut

Published 21 Oct, 2013 12:00am

Whatmore wary of South Africa comeback

Whatmore wary of South Africa comeback

Pakistan coach Dav Whatmore drew on bitter personal experience to warn his players that world number one Test team South Africa can bounce back in the second Test starting in Dubai on Wednesday. Pakistan won the first Test in Abu Dhabi by seven wickets on

Published 21 Oct, 2013 12:00am

Former Olympic Thai pistol shooter gunned down

Former Olympic Thai pistol shooter gunned down

A former pistol-shooting champion who twice represented Thailand at the Olympics has been killed in Bangkok by attackers who fled on a motorcycle, police told AFP on Sunday. Jakkrit Panichpatikum, 40, a household name in Thailand, was shot late Saturday a

Published 21 Oct, 2013 12:00am

South Africa await Amla, Donald returns

South Africa await Amla, Donald returns

South Africa are anxiously waiting on star batsman Hashim Amla's return to Dubai in time for the second Test against Pakistan starting from Wednesday, team manager Mohammed Mossajee said. Amla is in Durban with his wife for the imminent birth of the coupl

Published 21 Oct, 2013 12:00am

Lorenzo keeps title race alive after Marquez error

Lorenzo keeps title race alive after Marquez error

Spaniard Jorge Lorenzo won a chaotic Australian MotoGP on Sunday, throwing the race for the world championship wide open as title leader Marc Marquez was disqualified at Phillip Island. The defending world champion pulled to within 18 points of rookie Mar

Published 21 Oct, 2013 12:00am

Pirates in Champions League final after 18-year wait

Pirates in Champions League final after 18-year wait

South African club Orlando Pirates reached the CAF Champions League final after an 18-year absence by holding Esperance 1-1 in Tunisia Saturday. The Soweto side qualified to meet Al-Ahly of Egypt or Coton Sport of Cameroon on the away-goal rule after the

Published 21 Oct, 2013 12:00am

Bangladesh all-rounder eyes repeat against New Zealand

Bangladesh all-rounder eyes repeat against New Zealand

Spinner Sohag Gazi is hoping to repeat the all-round heroics he showed in the drawn first Test against New Zealand as Bangladesh seek a rare series win against the visitors this week. The 22-year-old shone in the series opener in Chittagong earlier this m

Published 21 Oct, 2013 12:00am

Cost of Berlin's new airport soaring, board member says

Cost of Berlin's new airport soaring, board member says

Berlin's long-delayed new international airport, which is still without an opening date, will cost more than expected, a member of its supervisory board, Rainer Bretschneider, said on Sunday. Noise insulation and the large terminal building were driving c

Published 21 Oct, 2013 12:00am

Anglican leader pressures British energy giants over price rises

Anglican leader pressures British energy giants over price rises

The Archbishop of Canterbury, spiritual leader of the world's Anglicans, weighed into Britain's debate over energy prices on Sunday, calling on companies to justify the latest rises and siding with cash-strapped families. Justin Welby, a former oil compan

Published 21 Oct, 2013 12:00am

Mexico drives North American auto investment, challenges China

Mexico drives North American auto investment, challenges China

The Mexican auto industry is about to go on a $10 billion factory building spree, illustrating the nation's rising economic challenge to rivals from the United States to China. Japanese and German auto manufacturers are spearheading the drive, say parts s

Published 21 Oct, 2013 12:00am

European official calls for bank bail-in from 2016

European official calls for bank bail-in from 2016

The head of the Eurogroup Working Group has proposed an earlier start of 'bail-in' arrangements which force bondholders to share losses in a bank failure, in a bid to win over German concerns over creating a banking union, a magazine reported. Thomas Wies

Published 21 Oct, 2013 12:00am

Indian stocks to rise but elections seen biggest risk in 2014

Indian stocks to rise but elections seen biggest risk in 2014

Indian benchmark stocks will only manage a 4 percent gain in 2013, held back ahead of an election in the first half of next year, but the Mumbai market hasn't got far to go after that to reach a record high, a Reuters poll found. The median of 19 strategi

Published 21 Oct, 2013 12:00am

Moscow metro driver dies after falling from moving train

Moscow metro driver dies after falling from moving train

A train driver on the Moscow metro died after apparently falling out of a moving train, Russian investigators said Sunday. The incident took place late Saturday as the train was travelling along a busy line in southern Moscow, the Investigative Committee

Published 21 Oct, 2013 12:00am

Long-serving Luxembourg Prime Minister faces tough polls test

Long-serving Luxembourg Prime Minister faces tough polls test

Voters in Luxembourg went to the polls on Sunday as Prime Minister Jean-Claude Juncker, Europe's longest-serving leader, faced his toughest election yet after 18 years at the helm. The snap legislative elections in the European Union's wealthiest nation p

Published 21 Oct, 2013 12:00am

Australian bushfires threaten to reach parts of Sydney

Australian bushfires threaten to reach parts of Sydney

Australian fire crews were bracing Sunday for some of the worst conditions in decades as several major blazes threatened to merge into a mammoth firefront that could reach Sydney. More than 200 homes have already been destroyed and another 120 damaged by

Published 21 Oct, 2013 12:00am

Maldives former leader demands fresh vote under caretaker

Maldives former leader demands fresh vote under caretaker

Maldivian opposition leader Mohamed Nasheed Sunday demanded fresh elections under a caretaker president, a day after police forced the postponement of a vote he was expected to win. Nasheed, a former president, told reporters in the capital island Male th

Published 21 Oct, 2013 12:00am

Tito's widow, First Lady of Yugoslavia, dies aged 88

Tito's widow, First Lady of Yugoslavia, dies aged 88

Jovanka Broz, who spent three decades as Yugoslavia's First Lady but was left stateless and forgotten as war shattered the socialist federation built by her husband 'Tito', died on Sunday in a Belgrade hospital. State television RTS said Broz had died of

Published 21 Oct, 2013 12:00am

Canadian stocks seen gaining from global growth momentum

Canadian stocks seen gaining from global growth momentum

Canadian stocks are expected to record their strongest performance since 2010 next year as the global economic recovery picks up pace, helping energy and mining shares regain their stride, a Reuters poll found. The median forecast in a poll of 39 market s

Published 21 Oct, 2013 12:00am

Australian stocks seen ending 2013 near five-year highs

Australian stocks seen ending 2013 near five-year highs

Australia's leading share index will end the year 14 percent higher, propelled a bit further by positive sentiment surrounding a new federal government and better prospects for the global economy, a Reuters poll found. The S&P/ASX index is forecast to clo

Published 21 Oct, 2013 12:00am

Romania's Adeplast IPO fails

Romania's Adeplast IPO fails

Romanian construction materials producer Adeplast failed to sell a 33 percent stake in an initial public offering on the Bucharest bourse, for which it was hoping to raise between 13 and 15 million euros ($20 million). "The public offering for shares in A

Published 21 Oct, 2013 12:00am

Tokyo investors to focus on US, Japan data next week

Tokyo investors to focus on US, Japan data next week

Tokyo investors will focus on US and Japanese data next week as they wait to see how the US budget crisis affects the Fed's timeline for pulling back on its monetary easing plan. Eyes will also fall on corporate earnings in Japan over the next few weeks a

Published 21 Oct, 2013 12:00am

Analysts raise Yahoo price targets on Alibaba magic

Analysts raise Yahoo price targets on Alibaba magic

Yahoo Inc's plan to keep a larger-than-expected stake in e-commerce giant Alibaba after the Chinese company's IPO prompted at least seven brokerages to raise their stock price targets on the US company. Shares of Yahoo were set to open 3 percent higher af

Published 21 Oct, 2013 12:00am

Saudi petchems surge on earnings; most markets up on global cues

Saudi petchems surge on earnings; most markets up on global cues

Saudi Arabia's petrochemical shares led a bourse rally on Sunday as earnings boosted sentiment, while most regional markets also rose as they resumed trading after a week-long holiday and reacted positively to the US averting a debt default. Shares in Sau

Published 21 Oct, 2013 12:00am

Bangladesh's interbank forex and interest rates

Bangladesh's interbank forex and interest rates

Interbank buy/sell rates for the taka against the dollar on Sunday. 77.7500-77.7525 (77.75-77.75).

Published 21 Oct, 2013 12:00am

Wall Street week ahead: market priced for perfection as earnings, data flow

Wall Street week ahead: market priced for perfection as earnings, data flow

A US data clog will begin to clear next week and payrolls figures will land just as more than one-quarter of S&P 500 companies report earnings. But equities, at record highs, have already surpassed expectations for the year and could begin to drift sidewa

Published 21 Oct, 2013 12:00am

Tunisia committed to reform as economy slows, Prime Minister says

Tunisia committed to reform as economy slows, Prime Minister says

Political unrest has hurt Tunisia's growth outlook but it will stay committed to cutting the state budget deficit next year, while relying on foreign aid to fill a large external financing gap, Prime Minister Ali Larayedh told Reuters. After two murders o

Published 21 Oct, 2013 12:00am

Qatar Islamic Bank misses third quarter forecasts as profit drops 12.4 percent

Qatar Islamic Bank misses third quarter forecasts as profit drops 12.4 percent

Qatar Islamic Bank (QIB), the Gulf state's fourth-largest lender by market value, reported a 12.4 percent drop in third-quarter net profit on Sunday, missing analysts' average forecast. The bank made a net profit of 345.1 million riyals ($94.8 million) in

Published 21 Oct, 2013 12:00am

Protesters stay camped out in Rome

Protesters stay camped out in Rome

Hundreds of people remained camped out on a square in central Rome on Sunday in an unsanctioned protest to call for an end to austerity and evictions and for more affordable housing. Tens of thousands had marched through Rome in a mostly peaceful demonstr

Published 21 Oct, 2013 12:00am

Robinsons cuts Philippines' biggest 2013 IPO by up to a third

Robinsons cuts Philippines' biggest 2013 IPO by up to a third

Robinsons Retail Holdings Inc sliced up to a third off the value of the Philippines' biggest share sale this year, hoping a cut-price offer will lure investors despite global market jitters over how the United States' budget showdown will play out. The de

Published 21 Oct, 2013 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 15	280.63
USD PKR Interbank Buying / Apr 15	280.43
USD to Japanese Yen / Apr 15	143.15
USD to Swiss Franc / Apr 15	0.81
Pound Sterling to USD / Apr 15	1.32
Euro to USD / Apr 15	1.14
UK LIBOR % / Apr 14	4.96

Stock	Volume
S&P 500 / Apr 14	5,405.97
Nasdaq / Apr 14	16,831.48
Dow Jones / Apr 14	40,524.79
India Sensex / Apr 15	76,780.06
Tokyo Nikkei / Apr 15	34,267.54
Hang Seng / Apr 15	21,470.46
FTSE 100 / Apr 15	8,209.09
Germany DAX 30 / Apr 15	21,175.70
France CAC40 / Apr 15	7,263.20

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 14	16,785
Gold 10 Grams PKR / Apr 14	290,466
Petrol/Litre / Apr 15	254.63
Crude Oil USD/Barrel / Apr 15	61.77
Gold Spot USD/Ounce / Apr 15	3,224.76
Diesel/Litre / Apr 15	258.64
Cotton US¢/pound / Apr 15	65.75

Gainers
Losers
Leaders

Stock	Price
Gulshan Sp. / Apr 15 Gulshan Spinning Mills Limited(GSPM)	3.51 ▲ 0.34 (10.73%)
Tariq Corp.Pref. / Apr 15 Tariq Corporation Limited-Preference Shares(TCORPCPS)	8.29 ▲ 0.79 (10.53%)
First Capital Equities / Apr 15 First Capital Equities Limited(FCEL)	4.97 ▲ 0.47 (10.44%)
Sanghar Sugar / Apr 15 Sanghar Sugar Mills Limited(SANSM)	55.51 ▲ 5.05 (10.01%)
Tariq Corporation / Apr 15 Tariq Corporation Limited(TCORP)	16.16 ▲ 1.47 (10.01%)
First Elite Cap.Mod / Apr 15 First Elite Capital Modaraba(FECM)	17.70 ▲ 1.61 (10.01%)
PIA Holding Co.B / Apr 15 PIA Holding Company Limited B(PIAHCLB)	1,608.64 ▲ 146.24 (10%)
S.S.Oil / Apr 15 S.S.Oil Mills Limited(SSOM)	202.14 ▲ 18.38 (10%)
Nimir Resins / Apr 15 Nimir Resins Limited(NRSL)	35.08 ▲ 3.19 (10%)
Chakwal Spinning / Apr 15 Chakwal Spinning Mills Limited(CWSM)	47.87 ▲ 4.35 (10%)

Stock	Price
Zahid Jee Textile / Apr 15 Zahidjee Textile Mills Limited(ZAHID)	25.36 ▼ -2.57 (-9.2%)
Pak Gen.Ins. / Apr 15 The Pakistan General Insurance Co. Ltd.(PKGI)	8.30 ▼ -0.79 (-8.69%)
Ruby Textile / Apr 15 Ruby Textile Mills Limited(RUBY)	7.10 ▼ -0.67 (-8.62%)
First Tri-Star Mod. / Apr 15 First Tri-Star Modaraba(FTSM)	12.03 ▼ -1.04 (-7.96%)
B.R.R. Guardian / Apr 15 B.R.R. Guardian Limited(BRRG)	21 ▼ -1.47 (-6.54%)
Stylers International / Apr 15 Stylers International Limited(STYLERS)	39.30 ▼ -2.7 (-6.43%)
D.M. Textile / Apr 15 D.M. Textile Mills Limited(DMTX)	49.70 ▼ -3.34 (-6.3%)
Supernet Tech. / Apr 15 Supernet Technologies Limited(STL)	751 ▼ -49.74 (-6.21%)
Parmount Sp. / Apr 15 Paramount Spinning Mills Limited(PASM)	3.84 ▼ -0.24 (-5.88%)
Blessed Tex. / Apr 15 Blessed Textiles Limited(BTL)	267.02 ▼ -15.81 (-5.59%)

Stock	Volume
Cnergyico PK / Apr 15 Cnergyico PK Limited(CNERGY)	55,091,076 ▼ -0.04
Pak Int.Bulk / Apr 15 Pakistan International Bulk Terminal(PIBTL)	45,232,730 ▼ -0.21
Sui South Gas / Apr 15 Sui Southern Gas Company Limited(SSGC)	31,842,819 ▼ -0.16
B.O.Punjab / Apr 15 The Bank of Punjab(BOP)	27,341,890 ▲ 0.16
Pak Elektron / Apr 15 Pak Elektron Limited(PAEL)	17,487,097 ▼ -0.04
Dewan Cement / Apr 15 Dewan Cement Limited(DCL)	17,155,709 ▲ 0.48
K-Electric Ltd. / Apr 15 K-Electric Limited(KEL)	13,886,346 ▲ 0.05
WorldCall Telecom / Apr 15 Worldcall Telecom Limited(WTL)	13,751,334 ▲ 0.02
Pak Stock Exchange / Apr 15 Pakistan Stock Exchange Limited(PSX)	13,502,803 ▼ -0.68
Hub Power Co. / Apr 15 The Hub Power Company Limited(HUBC)	11,216,011 ▲ 0.59

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Pakistan receives record $4.1bn in remittances in March, says SBP governor

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SIFC EC approves Sialkot-Kharian Motorway with revised cost

SIFC EC approves Sialkot-Kharian Motorway with revised cost

First-phase of development funding approved for Reko Diq, $74 billion economic boost expected

First-phase of development funding approved for Reko Diq, $74 billion economic boost expected

Tariffs: govt says won’t retaliate

Tariffs: govt says won’t retaliate

From crisis to clean energy: Pakistan emerges as top solar market in 2024

From crisis to clean energy: Pakistan emerges as top solar market in 2024

Gold price per tola gains further Rs1,800 to continue record run in Pakistan

Gold price per tola gains further Rs1,800 to continue record run in Pakistan