News Archives for Print - 2013-11-25

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Print - 2013-11-25

The Weather

The weather report on Sunday (November 24, 2013) and the forecast for Monday (November 25, 2013).

Published 25 Nov, 2013 12:00am

Returns on Profit and Loss Sharing Investment Bank Accounts (JANUARY TO JUNE 2013)

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

Published 25 Nov, 2013 12:00am

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (November 18 - 22 2013).

Published 25 Nov, 2013 12:00am

Aaj TV - Monday's schedule

All timings are in PST (Pakistan Standard Time).

Published 25 Nov, 2013 12:00am

Sartaj to visit Iran on November 26

Prime Minister's Advisor on Foreign Affairs Sartaj Aziz will visit Iran on Tuesday (tomorrow). Aziz will participate in the 21st meeting of the ECO Council of Ministers. The meeting will focus on co-operation among the ECO member states in transport, trad

Published 25 Nov, 2013 12:00am

Nato supplies: Fazl terms PTI sit-in 'a drama'

Chief of his own faction, Jamiat-e-Ulema Islam (JUI-F), Mualana Falzur Rehman said on Sunday that the blockage of Nato supply routes was no solution to Pakistan's problems, called for unified efforts bringing peace and stability in the country, particular

Published 25 Nov, 2013 12:00am

Yarn Prices

Yarn market dullness likely to fade away

COTTON: Prices remained surprisingly tensile last week as demand slowly but steadily rose. Data collected by PAR shows that Al-Karam textiles, Gadoon, Rafique SPG mills and Interloop textiles made significant purchases towards the end of the week, with a

Published 25 Nov, 2013 12:00am

Development plan and Vision 2025: MCCI hails government for taking stakeholders on board

The Multan Chamber of Commerce and Industry (MCCI) on Sunday hailed the government for organising a seminar on 'five-year Development Plan' and 'Vision 2025-Stakeholders Conference'. The chamber suggested that due representation should be given to Souther

Published 25 Nov, 2013 12:00am

Industrial units in KP: SCCI concerned at low gas pressure

Sarhad Chamber of Commerce and Industry SCCI has expressed concern over low pressure in gas supply to industrial units in Khyber Pakhtunkhwa. "KP industries are closing down due to low pressure in gas supply by Sui-Northern Gas Pipeline Limited, while the

Published 25 Nov, 2013 12:00am

First meeting of newly-elected SCBA body in Quetta today

The first formal meeting of the newly-elected Executive Committee of Supreme Court Bar Association (SCBA) will be held in Quetta on Monday (today). Newly-elected president SCBA Kamran Murtaza will preside over the meeting. The newly-elected SCBA President

Published 25 Nov, 2013 12:00am

'Citizens have to rise for their right to education,' Director, Idara-e-Taleem-o-Aagahi

Dr Baela Raza Jamil is a public policy specialist and a former technical adviser to the Ministry of Education Pakistan. Currently she is working as the Director of the Idara-e-Taleem-o-Aagahi, a public trust working with think tanks, universities, civil s

Published 25 Nov, 2013 12:00am

'Citizens have to rise for their right to education,' Director, Idara-e-Taleem-o-Aagahi

Published 25 Nov, 2013 12:00am

Myitsone Dam project a timebomb for next Myanmar government

Aungmyintha "Model Village" in Myanmar's northern Kachin state didn't exist until three years ago, and its residents mostly wish it had never been built. It is one of two villages built to house some 2,700 people forced to leave their homes in 2010 to mak

Published 25 Nov, 2013 12:00am

The 'great' Mr Haqqani

The book "Magnificent Delusions", written by Husain Haqqani, Pakistan's former ambassador to the US, has recently been launched. It is worth remembering that Haqqani was forced to resign in 2011 over charges that he sought US to downgrade its support for

Published 25 Nov, 2013 12:00am

Iran nuclear deal eases tensions, but risks lie ahead

As senior envoys from Iran and six world powers worked on a nuclear deal this week in Geneva's InterContinental Hotel, the lobby was bustling with scenes that would have been unimaginable only a few months ago. Late one night, journalists from Tehran aban

Published 25 Nov, 2013 12:00am

A woman empowered, empowering others

Women contributions to the economy are typically understated in most countries as quantifying the contribution of a housewife remains a challenge for national data collectors but those women engaged in economic activity outside the home are well documente

Published 25 Nov, 2013 12:00am

Baloch march for justice

In a desperate attempt to focus public attention on their 'missing' near and dear ones Baloch men, women, and children walked some 700 kilometres for 26 long days from Quetta to Karachi arriving at the destination on Thursday. The march, starting with 20

Published 25 Nov, 2013 12:00am

Pak-US economic ties

In an exclusive interview to Business Recorder the US Ambassador Richard Olson highlighted the existing economic ties between the two countries specifically in the energy sector and revealed that the US government has been extending up to 3 billion

Published 25 Nov, 2013 12:00am

Bangladesh police to charge factory owner over deadly fire

Bangladesh police said Sunday they plan to charge the owner of a garment factory over a fire that killed 111 people as they wrap up an investigation 12 months after the tragedy. Police officials said charges would be laid against 15 people including owner

Published 25 Nov, 2013 12:00am

Thousands protest Maduro's special powers

Venezuela opposition leader Henrique Capriles rallied thousands of demonstrators Saturday, calling for them to use midterm elections to underscore public opposition to President Nicolas Maduro's special emergency powers. The march came just hours after on

Published 25 Nov, 2013 12:00am

Scores killed as rebels battle to break siege of Damascus suburbs

Fierce fighting to the east of Damascus has killed more than 160 people in the past two days as Syrian rebels struggle to break a months-long blockade by forces loyal to President Bashar al-Assad, activists said on Sunday. It began on Friday when rebel un

Published 25 Nov, 2013 12:00am

Malians trickle to polls in legislative vote amid security fears

Malians trickled to the polls amid high security for a legislative ballot on Sunday, in the second set of elections since France intervened this year to oust al Qaeda-linked militants from the country's north. The West African country has suffered a surge

Published 25 Nov, 2013 12:00am

US lawmakers call for new Iran sanctions in six months

Hawkish US lawmakers said Sunday that Congress should press for tougher sanctions against Iran that would take effect if Tehran does not respect the nuclear deal struck in Geneva. After marathon talks in the Swiss city, world powers reached a landmark agr

Published 25 Nov, 2013 12:00am

More than 11,000 children killed in Syria war

More than 11,000 children have died in Syria's civil war, including 128 killed by chemical weapons in a notorious attack and hundreds targeted by snipers, a British think-tank said Sunday. The Oxford Research Group, which specialises in global security, s

Published 25 Nov, 2013 12:00am

China oil pipeline explosion toll rises to 52

The death toll from an oil pipeline explosion in a Chinese coastal city rose to 52 Sunday, as rain and the close proximity of dangerous gases hampered the rescue operation, state media said. Four bodies were found at the scene in the eastern city of Qingd

Published 25 Nov, 2013 12:00am

Saudi Arabia announces 55th MERS death

The Saudi health ministry on Sunday announced a new MERS death, raising to 55 the number of people killed by the coronavirus in the country with the most fatalities. A 37-year-old Saudi man died in Riyadh, the ministry said on its website. The World Healt

Published 25 Nov, 2013 12:00am

Saint Peter's bones on display for first time

Bones believed to belong to Saint Peter, one of the founding fathers of the Catholic Church, went on display for the first time Sunday, as Pope Francis held a ceremony to end the "Year of Faith". Tens of thousands of pilgrims gathered to catch a glimpse o

Published 25 Nov, 2013 12:00am

Egypt approves contentious new protest law

Egypt's interim president Adly Mansour approved a controversial law Sunday that regulates demonstrations and gives authorities the power to ban protests deemed a "threat" to national security, officials said. The law also says protesters can be jailed for

Published 25 Nov, 2013 12:00am

Credit Suisse private bank co-heads confident of growth

Credit Suisse plans to lean more heavily on its private banking franchise, targeting a bigger share of lucrative ultra-rich clients as tougher regulation and volatile markets dent investment banking returns.

Published 25 Nov, 2013 12:00am

Qatar Airways to launch Saudi services early next year

Qatar Airways will launch domestic operations in Saudi Arabia in the first half of 2014, the chief executive of the airline said on November 18. Akbar Al Baker said the Saudi domestic services carrier will be called Al Maha Airways and will start with the

Published 25 Nov, 2013 12:00am

Hilton to increase IPO size to $2.25 billion

Hotel operator Hilton World-wide Inc, owned by private equity firm Blackstone Group LP, will increase the size of its initial public offering to about $2.25 billion, which will let its preferred shareholders sell about $1 billion of stock, according to a

Published 25 Nov, 2013 12:00am

BHP sees China driving resources demand for 15 years

Anglo-Australian mining giant BHP Billiton on November 21 said China's economic growth was resilient enough to drive strong demand for commodities for the next 15 years. The world's biggest diversified miner derives 30 percent of its revenue from China an

Published 25 Nov, 2013 12:00am

Intel to expand small contract manufacturing business

Intel CEO Brian Krzanich said on November 21 he planned to expand his company's small contract manufacturing business, paving the way for more chipmakers to tap into the world's most advanced process technology. With Intel far behind rivals in making chip

Published 25 Nov, 2013 12:00am

AirAsia profit slumps for third quarter

AirAsia, Asia's largest low-cost carrier by fleet size, said on November 20 its third-quarter net profit fell 77.5 percent year-on-year due to foreign exchange losses despite an increase in passengers. Net profit for the quarter ending September 30 stood

Published 25 Nov, 2013 12:00am

AirAsia profit slumps for third quarter

Published 25 Nov, 2013 12:00am

European telcos' merger hopes help close Atlantic gap

A rally in European telecom stocks has closed the big valuation gap with US peers seen nine months ago, boosted by hopes that regulators will allow more mergers in the industry as it starts to recover from the bruising recession.

Published 25 Nov, 2013 12:00am

Nitrous oxide emissions may double by 2050: UNEP

Nitrous oxide (N20) emissions could almost double by 2050 if more aggressive action is not taken, undermining global efforts to curb climate change, the United Nations' Environment Programme (UNEP) said on November 21. Commonly known as the "laughing gas"

Published 25 Nov, 2013 12:00am

CO2 emissions in 2012 driven by China, coal

Emissions of carbon dioxide from fossil fuels and cement production reached a new high in 2012, rising 2.2 percent over 2011 due chiefly to an increase in coal-burning China, scientists said on November 19.

Published 25 Nov, 2013 12:00am

Largest study widens rice, arsenic link in Bangladesh

An unprecedented probe into high levels of arsenic in Bangladesh's groundwater strengthens suspicions that eating rice boosts exposure to the poison, scientists said on November 18. Samples provided by 18,470 volunteers living in an arsenic-contaminated d

Published 25 Nov, 2013 12:00am

Experimental avian flu vaccine shows promise in early trial

The first human test of an experimental vaccine against a deadly strain of avian flu, using novel technology that could produce millions of doses very quickly, produced protective antibodies in the vast majority of those who received it, scientists said o

Published 25 Nov, 2013 12:00am

Antarctic ice lab sees sub-atomic particles in space

Ghostly sub-atomic particles called neutrinos in outer space have been glimpsed from an icy observatory in Antarctica, offering a rare new view of the universe, scientists said on November 21. These high-energy particles are everywhere, and billions pass

Published 25 Nov, 2013 12:00am

'Children at risk of AIDS should be tested at birth'

More than a quarter of a million children each year are born infected with the virus that causes AIDS, but too few are being tested early to receive treatment and prolong their lives, the United Nations said on November 20. Michele Sidibe, executive direc

Published 25 Nov, 2013 12:00am

Twitter toughens encryption to thwart online snooping

Twitter on November 22 announced it has toughened the encryption of traffic at the globally popular one-to-many messaging service to thwart online snooping. Twitter followed in the footsteps of Google and Facebook, adding a layer of security called Perfec

Published 25 Nov, 2013 12:00am

Qualcomm unveils new mobile chips as investors eye Asia

Qualcomm announced a handful of new chips for mobile and networking gadgets ahead of its annual investor event on November 20, where analysts are likely to quiz executives about a shift in smartphone growth from the United States to China and other develo

Published 25 Nov, 2013 12:00am

Save your energy: boosting smartphones' battery life

Smartphone users routinely find themselves left hanging when, after a few phone calls, a little internet surfing and a quick video on the way to work, they finally find themselves with a depleted battery and half the day left to go.

Published 25 Nov, 2013 12:00am

China Mobile courts overseas users with mobile app

China Mobile International, a unit of China Mobile, has launched an application it hopes will win business from millions of overseas Chinese and others communicating with China. The app, Jego, allows anyone outside China with an Android or iOS smartphone

Published 25 Nov, 2013 12:00am

1.6 billion people on social networks

An estimated 1.61 billion people, more than one in five globally, will log in to social networking sites at least monthly this year, the research firm eMarketer said on November 19. The study said the number was up 14.2 percent from a year ago and growth

Published 25 Nov, 2013 12:00am

'Malware up, hackers bypass security safeguards'

Malicious software is on the rise both on computers and mobile devices, fuelled in part by hackers' ability to bypass a key security measure, researchers said on November 20. McAfee Labs said in its third quarter survey that it is seeing a rise in malware

Published 25 Nov, 2013 12:00am

Yahoo vows to encrypt website traffic

Yahoo chief Marissa Mayer on November 18 said the Internet firm will begin encrypting data to protect users from online snooping. By April of next year, Yahoo will have encryption in place to protect information shared by users of its online properties as

Published 25 Nov, 2013 12:00am

Google unveils prepaid debit card

Google Inc will offer a prepaid debit card that will allow consumers to purchase goods at stores and to withdraw cash from ATM machines, the Internet company said on November 20. The card, which is only available in the United States, lets consumers acces

Published 25 Nov, 2013 12:00am

Google's Schmidt predicts end of censorship within a decade

Google Inc Executive Chairman Eric Schmidt has a bold prediction: Censorship around the world could end in a decade, and better use of encryption will help people overcome government surveillance.

Published 25 Nov, 2013 12:00am

Nintendo to combine Wii U and 3DS user accounts

Players of Nintendo 3DS and Wii U consoles will soon be able to enjoy a single user account when an update for the 3DS is published in December, the company said. The update will allow users of the handheld console to use an Nintendo Network ID, something

Published 25 Nov, 2013 12:00am

Dot UK: British firms can trim web addresses

Businesses using the ".co.uk" web address domain will be able to shorten the suffix to simply ".uk" next year to help make website names snappier, British Internet registrar Nominet said on Wednesday. The new domain brings Britain in line with Germany's .

Published 25 Nov, 2013 12:00am

Save Gmail attachments directly to Google Drive

Gmail users are being offered an option to save email attachments directly to Google Drive. Pictures and documents are displayed under the email as thumbnails and clicking on them will open a full-screen view. There are two new icons: the first downloads

Published 25 Nov, 2013 12:00am

Internet could add $300 billion to African economies by 2025: study

Africans spending time on the Internet could add $300 billion to the continent's economy by 2025, a new study by consulting firm McKinsey & Co showed on November 20.

Published 25 Nov, 2013 12:00am

Chrome add-ons only available from official store in 2014

From 2014, users of Google's Chrome browser on Windows machines will only be able to install add-ons via the official Chrome Web Store. Google says the decision is aimed at protecting users of Windows PCs from malware that might be hidden in unregulated a

Published 25 Nov, 2013 12:00am

Dane Madsen gets first European Tour win in South Africa

Denmark's Morten Orum Madsen claimed his first European Tour victory with a two-shot win at the South African Open Championship on the outskirts of Johannesburg on Sunday. Madsen had looked an unlikely winner earlier in the day but home favourites Hennie

Published 25 Nov, 2013 12:00am

All Blacks make history in cruel fashion against Irish

World Champions New Zealand became the first team in the professional era to win all their Test matches in a calendar year as Aaron Cruden converted with the last kick of the game to beat Ireland 24-22 in a pulsating encounter at Lansdowne Road on Sunday.

Published 25 Nov, 2013 12:00am

Day seals emotional World Cup win for Australia

Australia's Jason Day fended off Danish challenger Thomas Bjorn and rode an emotional wave of crowd support to win the World Cup of Golf by two strokes at Royal Melbourne on Sunday. World number 18 Day, mourning the loss of eight relatives killed in the P

Published 25 Nov, 2013 12:00am

Debutants spur Pakistan to victory over South Africa

Debutants Bilawal Bhatti and Anwar Ali spurred Pakistan to victory after their team had been in deep trouble in the first one-day international against South Africa at Newlands on Sunday. The newcomers shared an eighth wicket stand of 74 to rescue Pakista

Published 25 Nov, 2013 12:00am

Man City put six past hapless Spurs, United held

Rampant Manchester City shredded the Premier League's meanest defence with a 6-0 thrashing of Tottenham Hotspur on Sunday while Manchester United's surge up the table stalled after a 2-2 draw at Cardiff City. Sergio Aguero and Jesus Navas struck twice for

Published 25 Nov, 2013 12:00am

Lee victorious at Hong Kong Open

Malaysia's world number one Lee Chong Wei stormed to victory in the Hong Kong Open on Sunday, whipping Indonesia's Sony Dwi Kuncoro in straight games to bag his sixth tournament of the season. Amid raucous support at the Hong Kong Coliseum, top-seeded Lee

Published 25 Nov, 2013 12:00am

England crumble to defeat

England suffered one of their heaviest-ever Ashes Test defeats Sunday when Australia trounced them by 381 runs at the Gabba and went one-up in the series with a day to spare. The tourists collapsed under the searing pace of Mitchell Johnson and were all o

Published 25 Nov, 2013 12:00am

UK housebuilders' rally on shakier ground in 2014

UK housebuilders' shares have more than doubled in two years as home prices have recovered, but an uncertain interest rate outlook and rising costs mean gains look more modest - and more precarious - in 2014. Government schemes, including the "Help to Buy

Published 25 Nov, 2013 12:00am

Iran's rial jumps as nuclear deal fuels economy hopes

Iran's currency jumped more than 3 percent against the US dollar on Sunday as news of a breakthrough deal to curb Tehran's nuclear programme raised hopes that the economy would start recovering from international sanctions. The deal provides for Iran to r

Published 25 Nov, 2013 12:00am

Russians see no cause for alarm in crackdown on shadowy banking

The problems exposed in Russia's banking system by last week's collapse of mid-sized lender Master Bank are deep-rooted, but in contrast with banking failures of the past there was no evidence this time of other banks' customers taking fright.

Published 25 Nov, 2013 12:00am

Saudi Electricity signs 1.7 billion riyals deal with US GE

Saudi Electricity Co (SEC) signed two contracts worth around 1.7 billion Saudi riyals ($453 million) with US General Electric for maintenance of gas turbines at new power plants in Riyadh, SEC said on Sunday. The deal, which would run for 25 years split b

Published 25 Nov, 2013 12:00am

Greek economic recovery 'fragile': IMF

The economic recovery touted by Greece's embattled government is "fragile", the nation's IMF auditor said Sunday as he called for new, targeted cuts in the next two years. "The recovery (in Greece) is fragile and will be hurt if the government does not st

Published 25 Nov, 2013 12:00am

Draghi kicks back proposals on sovereign debt risk-weighting

ECB President Mario Draghi has kicked back a proposal from advisors to change the way sovereign debt is risk-weighted and asked them to do some more work on it, German weekly news magazine Spiegel reported. The euro zone's sovereign debt crisis has highli

Published 25 Nov, 2013 12:00am

Draghi kicks back proposals on sovereign debt risk-weighting

Published 25 Nov, 2013 12:00am

Boeing invites more than a dozen sites to bid on 777 jet work

Boeing Co has invited more than a dozen US locations to compete in a bidding process to determine where its new 777 long-haul passenger jet will be built, a company spokesman said. The company issued the request for proposals on Friday and requires that s

Published 25 Nov, 2013 12:00am

China fights back against US accusations of blocking WTO technology deal

Commerce Minister Gao Hucheng denounced the United States as "irresponsible" on Sunday after Washington accused China of jeopardising a deal that aims to cut tariffs on technology products, saying Washington had disappointed participants in the talks.

Published 25 Nov, 2013 12:00am

Abu Dhabi investment firm TNI names new CEO

Abu Dhabi-based investment firm, The National Investor (TNI), has appointed a new chief executive officer to replace Orhan Osmansoy, who resigned after nine years at the helm, the company said in a statement on Sunday. The new chief, Yasser Geissah, joins

Published 25 Nov, 2013 12:00am

Daimler CEO says would 'welcome' Chinese investor

German carmaker Daimler would welcome a Chinese investor after taking a stake in Beijing Automotive Group, though it has had no sign that this will happen, Chief Executive Dieter Zetsche said. "We would welcome Chinese investment, although we're not despe

Published 25 Nov, 2013 12:00am

Tepco, Mitsubishi plan coal-fired power plants at Fukushima

The operator of Japan's wrecked nuclear plant and three Mitsubishi group firms plan to build a new type of energy-efficient coal-fired power plants in Fukushima, a source said on Saturday. Tokyo Electric Power Co will tie up with Mitsubishi Heavy Industri

Published 25 Nov, 2013 12:00am

Egypt to start fuel cuts in 2014: Prime Minister

Egypt's government will start cutting fuel subsidies before it leaves office next year, prime minister Hazem al-Beblawi said Sunday, but the ambitious reform hinges on an end to the country's turmoil. Beblawi's government, installed by the military after

Published 25 Nov, 2013 12:00am

Egypt to revise prices, sign new deals with foreign gas firms

Egypt is revising the prices it pays to buy gas from foreign energy companies operating in the country and plans to sign new contracts to "reassure" the firms, al-Mal newspaper quoted the oil minister as saying. Sherif Ismail said state-run Egyptian Natur

Published 25 Nov, 2013 12:00am

Bangladesh's interbank forex and interest rates

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

Published 25 Nov, 2013 12:00am

South African stocks fall

South African stocks fell for a second straight session on Friday as a firmer rand hit exporters such as Impala Platinum while paper producer Sappi fell sharply after a ratings downgrade. Sappi, the world's largest maker of the fine paper used in glossy m

Published 25 Nov, 2013 12:00am

Metro considers listing minority stake in Russian unit

Europe's fourth-biggest retailer Metro AG is considering a stock market listing of a minority stake in its Russian unit to help fund its expansion, the company said on Tuesday, confirming an earlier Reuters story.

Published 25 Nov, 2013 12:00am

Hong Kong seeks reforms to keep edge in global yuan hub race

A government body called on Hong Kong's regulators on Monday to step up reforms to maintain the city's competitive edge as a premier offshore yuan hub and a global financial center. The Financial Services Development Council (FSDC) set out various areas t

Published 25 Nov, 2013 12:00am

Tokyo investors look to dollar, holiday shopping sales

Tokyo investors will be keeping a close eye on currency trading and US holiday season shopping sales next week as the Japanese market climbed to near five-year highs. The dollar's rise has been a key catalyst for Japan share-buying as it boosts exporters'

Published 25 Nov, 2013 12:00am

JPMorgan withdraws from Hong Kong listing

J. P Morgan Chase & Co has withdrawn from a syndicate of banks working on a $2 billion Hong Kong listing by China Everbright Bank Co, a person familiar with the matter told Reuters. J. P Morgan's exit comes as it faces a number of investigations by US reg

Published 25 Nov, 2013 12:00am

Slowing buybacks could spell trouble for US stocks

With just over a month remaining in a year that has seen the S&P 500 rocket to new records, one of the rally's drivers could have peaked: stock buybacks. In the last few years, major US companies, including IBM, Apple and Exxon Mobil have dramatically boo

Published 25 Nov, 2013 12:00am

Hungarian assets drop ahead of foxex loan proposal

Hungarian asset prices slipped on Friday before an expected cut in interest rates and a court proposal on lawsuits over foreign-currency loans. Emerging European currencies weakened against the euro. Hungary's main equity index eased 0.3 percent before re

Published 25 Nov, 2013 12:00am

Hungarian assets drop ahead of foxex loan proposal

Published 25 Nov, 2013 12:00am

China stocks to lead emerging market rebound: HSBC

HSBC Global Asset Management expects emerging market stocks to play catch-up with those in developed economies, with China's relatively cheaper shares well positioned to lead the rebound. Bill Maldonado, chief investment officer in Asia-Pacific for the $4

Published 25 Nov, 2013 12:00am

Dubai's index struggles to break chart resistance

Dubai's index slides back below 2,900 points, after rising as high as 2,918 within minutes of the opening on news of the breakthrough international agreement on Iran's nuclear programme. Dubai would likely be one of the main beneficiaries of any revival o

Published 25 Nov, 2013 12:00am

Corporate bond liquidity timebomb ticking

Shrinking liquidity in global financial markets has left the corporate bond market facing a ticking timebomb, leading fund managers say. Asset managers speaking at the Reuters Global Investment Outlook Summit and representing more than $2 trillion in asse

Published 25 Nov, 2013 12:00am

Corporate bond liquidity timebomb ticking

Published 25 Nov, 2013 12:00am

Wall Street week ahead: Wall Street can cheer going into Thanksgiving Day

Wall Street set another record this week, and the rally that has taken the S&P 500 index nearly 30 percent higher for the year shows no sign of losing steam as Americans prepare to celebrate the Thanksgiving holiday. Supporting this scenario, December is

Published 25 Nov, 2013 12:00am

Israel adopts new measures against African migrants

The Israeli cabinet approved Sunday measures aimed at deporting thousands of Africans who illegally entered the country and who are perceived by it as a threat to its Jewish character. A statement from the prime minister's office said that beyond the meas

Published 25 Nov, 2013 12:00am

Thai capital hit by biggest protests since deadly 2010 unrest

About 100,000 anti-government protesters gathered in Thailand's capital on Sunday, as simmering tensions between Bangkok's middle classes and the mostly rural supporters of ousted Prime Minister Thaksin Shinawatra threatened to boil over. The protests led

Published 25 Nov, 2013 12:00am

Japan warns of 'unpredictable events' over China's new air zone

Japan warned Sunday of the danger of "unpredictable events" and South Korea voiced regret following China's unilateral declaration of an air defence zone over areas claimed by Tokyo and Seoul. Japanese Foreign Minister Fumio Kishida said his country was c

Published 25 Nov, 2013 12:00am

Portugal hostage-taking ends with officer, assailant dead

A hostage-taker who barricaded himself inside a Portuguese restaurant on Sunday, setting off explosives and shooting dead a police officer, was himself killed in a gunfight, the gendarmerie said. Six others including four police were injured by the blasts

Published 25 Nov, 2013 12:00am

Scotland to unveil blueprint for independence

Scotland's government on Tuesday publishes its legal blueprint making the case for independence from the United Kingdom, with the economy at the heart of its bid to break up the 300-year union. The "white paper" on Scottish independence is being unveiled

Published 25 Nov, 2013 12:00am

Tight Honduras vote offers swing to left or militarised drug fight

Honduras faces a stark choice in Sunday's election between a tough militarized response to drug gang violence fuelling the world's highest murder rate, and a swing to the left that could revive the political career of deposed leader Manuel Zelaya.

Published 25 Nov, 2013 12:00am

Deadly cross-country storm threatens US holiday travel

A dangerous storm that brought snow and drenching rains to the south-western United States blamed for several road deaths is threatening Thanksgiving travel for millions of people in the eastern states, forecasters said on Saturday. The storm is expected

Published 25 Nov, 2013 12:00am

10 ELN rebels die in Colombian fighting

Ten Colombian fighters with the ELN guerrilla organisation were reported dead Sunday after fighting with military forces in the department of Arauca, reported broadcaster RCN, citing military sources. There were reports that one of the dead might be Gusta

Published 25 Nov, 2013 12:00am

Journalist among six people killed in Iraq

A television journalist shot dead in north Iraq was among six people killed nation-wide on Sunday, amid a surge in unrest the authorities have failed to quell. The bloodshed, which has left around 200 people dead in the past week alone, has forced Baghdad

Published 25 Nov, 2013 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 25	277.83
USD PKR Interbank Buying / Nov 25	277.73
USD to Japanese Yen / Nov 26	153.83
USD to Swiss Franc / Nov 26	0.89
Pound Sterling to USD / Nov 26	1.25
Euro to USD / Nov 26	1.05

Stock	Volume
S&P 500 / Nov 25	5,987.37
Nasdaq / Nov 25	18,054.84
Dow Jones / Nov 25	44,736.57
India Sensex / Nov 26	80,083.15
Tokyo Nikkei / Nov 26	38,266.61
Hang Seng / Nov 26	19,174.25
FTSE 100 / Nov 26	8,253.38
Germany DAX 30 / Nov 26	19,284.47

Item	Value
Gold 10 Grams PKR / Nov 25	244,860.20
Petrol/Litre / Nov 26	248.38
Crude Oil USD/Barrel / Nov 26	69.17
Karachi Cotton PKR/37.32 KG / Nov 26	17,685
Gold Spot USD/Ounce / Nov 26	2,623.04
Diesel/Litre / Nov 26	255.14

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Nov 26 786 Investments Limited(786)	6.86 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 26 Al-Abbas Sugar Mills Limited(AABS)	610 ▼ 0.00 (0.00%)
Agro Allianz / Nov 26 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 26 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 26 Ali Asghar Textile Mills Limited(AATM)	74.39 ▼ 0.00 (0.00%)
Allied Bank / Nov 26 Allied Bank Limited(ABL)	122.01 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 26 Abbott Laboratories (Pakistan) Limited(ABOT)	998.48 ▼ 0.00 (0.00%)
Abson Ind. / Nov 26 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 26 Alfalah Consumer Index ETF.(ACIETF)	12.42 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 26 786 Investments Limited(786)	6.86 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 26 Al-Abbas Sugar Mills Limited(AABS)	610 ▲ 0.00 (0.00%)
Agro Allianz / Nov 26 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 26 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 26 Ali Asghar Textile Mills Limited(AATM)	74.39 ▲ 0.00 (0.00%)
Allied Bank / Nov 26 Allied Bank Limited(ABL)	122.01 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 26 Abbott Laboratories (Pakistan) Limited(ABOT)	998.48 ▲ 0.00 (0.00%)
Abson Ind. / Nov 26 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 26 Alfalah Consumer Index ETF.(ACIETF)	12.42 ▲ 0.00 (0.00%)

Stock	Volume
Hascol Petrol / Nov 26 Hascol Petroleum Limited(HASCOL)	64,823,622 ▲ 0.00
Cnergyico PK / Nov 26 Cnergyico PK Limited(CNERGY)	48,065,578 ▲ 0.00
Fauji Foods Ltd / Nov 26 Fauji Foods Limited(FFL)	40,919,425 ▲ 0.00
WorldCall Telecom / Nov 26 Worldcall Telecom Limited(WTL)	33,547,707 ▲ 0.00
K-Electric Ltd. / Nov 26 K-Electric Limited(KEL)	32,092,012 ▲ 0.00
Sui South Gas / Nov 26 Sui Southern Gas Company Limited(SSGC)	30,420,168 ▲ 0.00
Treet Battery / Nov 26 Treet Battery Limited(TBL)	22,823,492 ▲ 0.00
B.O.Punjab / Nov 26 The Bank of Punjab(BOP)	20,014,784 ▲ 0.00
Waves Home Appliances / Nov 26 Waves Home Appliances Limited(WAVESAPP)	19,695,105 ▲ 0.00

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