News Archives for Print - 2014-06-06

JLI YAQEEN GROWTH FUND RATES

JLI Yaqeen Growth Fund Rates on Thursday (June 05, 2014).

Published 06 Jun, 2014 12:00am

EFU Pension Growth Fund Rates

EFU Pension Growth Fund Rates on Thursday (June 05, 2014).

Published 06 Jun, 2014 12:00am

GIDC hike to push up urea price by Rs 70 per 50kg bag

The increase in Gas Infrastructure Development Cess (GIDC) for fuel stock component of fertiliser sector would have a price impact of around Rs 60-70 per 50-kg urea bag. In order to enhance revenue collection, under the budgetary measurers, the federal go

Published 06 Jun, 2014 12:00am

EFU Pension Growth Fund Rates

EFU Pension Growth Fund Rates on Thursday (June 05, 2014).

Published 06 Jun, 2014 12:00am

GIDC hike to push up urea price by Rs 70 per 50kg bag

The increase in Gas Infrastructure Development Cess (GIDC) for fuel stock component of fertiliser sector would have a price impact of around Rs 60-70 per 50-kg urea bag. In order to enhance revenue collection, under the budgetary measurers, the federal go

Published 06 Jun, 2014 12:00am

EFU Pension Growth Fund Rates

EFU Pension Growth Fund Rates on Thursday (June 05, 2014).

Published 06 Jun, 2014 12:00am

BRIndex30 drops 193.37 points

On Thursday, BRIndex30 opened at 17,321.39. It touched an intraday high of 17,548.10 and an intraday low of 17,055.94 and closed at 17,128.02, which was -193.37 points or -1.12 percent lower than previous close. Total volume was 171,775,700, which was 69.

Published 06 Jun, 2014 12:00am

EFU Managed Growth Fund Rates

EFU Managed Growth Fund Rates on Thursday (June 05, 2014).

Published 06 Jun, 2014 12:00am

BRIndex30 drops 193.37 points

On Thursday, BRIndex30 opened at 17,321.39. It touched an intraday high of 17,548.10 and an intraday low of 17,055.94 and closed at 17,128.02, which was -193.37 points or -1.12 percent lower than previous close. Total volume was 171,775,700, which was 69.

Published 06 Jun, 2014 12:00am

EFU Managed Growth Fund Rates

EFU Managed Growth Fund Rates on Thursday (June 05, 2014).

Published 06 Jun, 2014 12:00am

Stocks edge lower

Stocks edged lower on Karachi Stock Exchange Thursday as investors trimmed their positions amid a poor law and order situation in the city. The benchmark KSE-100 index shed 35 points to close at 29,417.20 points against 29,452.23 points Wednesday. Samar I

Published 06 Jun, 2014 12:00am

EFU Managed Growth Fund Rates

EFU Managed Growth Fund Rates on Thursday (June 05, 2014).

Published 06 Jun, 2014 12:00am

Stocks edge lower

Stocks edged lower on Karachi Stock Exchange Thursday as investors trimmed their positions amid a poor law and order situation in the city. The benchmark KSE-100 index shed 35 points to close at 29,417.20 points against 29,452.23 points Wednesday. Samar I

Published 06 Jun, 2014 12:00am

JLI Capital Growth Fund Rates

Jubilee Life Insurance Capital Growth Fund Rates on Thursday (June 05, 2014).

Published 06 Jun, 2014 12:00am

Stocks edge lower

Stocks edged lower on Karachi Stock Exchange Thursday as investors trimmed their positions amid a poor law and order situation in the city. The benchmark KSE-100 index shed 35 points to close at 29,417.20 points against 29,452.23 points Wednesday. Samar I

Published 06 Jun, 2014 12:00am

JLI YAQEEN GROWTH FUND RATES

JLI Yaqeen Growth Fund Rates on Thursday (June 05, 2014).

Published 06 Jun, 2014 12:00am

Prime Minister approves health insurance scheme for the poor

Prime Minister Muhammad Nawaz Sharif on Thursday approved the National Health Insurance Scheme for the poor in Pakistan. The Prime Minister chaired a meeting to give in principle approval to launch the Health Insurance Program that will cover, in phases,

Published 06 Jun, 2014 12:00am

JLI YAQEEN GROWTH FUND RATES

JLI Yaqeen Growth Fund Rates on Thursday (June 05, 2014).

Published 06 Jun, 2014 12:00am

Prime Minister approves health insurance scheme for the poor

Prime Minister Muhammad Nawaz Sharif on Thursday approved the National Health Insurance Scheme for the poor in Pakistan. The Prime Minister chaired a meeting to give in principle approval to launch the Health Insurance Program that will cover, in phases,

Published 06 Jun, 2014 12:00am

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Thursday (June 05, 2014).

Published 06 Jun, 2014 12:00am

Prime Minister approves health insurance scheme for the poor

Prime Minister Muhammad Nawaz Sharif on Thursday approved the National Health Insurance Scheme for the poor in Pakistan. The Prime Minister chaired a meeting to give in principle approval to launch the Health Insurance Program that will cover, in phases,

Published 06 Jun, 2014 12:00am

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Thursday (June 05, 2014).

Published 06 Jun, 2014 12:00am

Government intends to issue NICOP, passport

Minister for Information and Broadcasting Pervez Rashid Thursday said that the government has decided in principle to issue a National Identity Card for Overseas Pakistanis (NICOP) and a passport to Muttahida Qaumi Movement (MQM) chief Altaf Hussain who i

Published 06 Jun, 2014 12:00am

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Thursday (June 05, 2014).

Published 06 Jun, 2014 12:00am

Government intends to issue NICOP, passport

Minister for Information and Broadcasting Pervez Rashid Thursday said that the government has decided in principle to issue a National Identity Card for Overseas Pakistanis (NICOP) and a passport to Muttahida Qaumi Movement (MQM) chief Altaf Hussain who i

Published 06 Jun, 2014 12:00am

Finland once eurozone 'model pupil' stuck in recession

Finland is in its longest recession for two decades, official data showed on Thursday, the same day as the ECB announced interest rate cuts to stimulate the European economy. Finland's output contracted by 0.4 percent in the first quarter, which was the e

Published 06 Jun, 2014 12:00am

K-Electric extends bills' due date

K-Electric has extended the due date of electricity bills falling on June 3, 4 and 5 to June 6 on account of prevailing situation in the city. All banks have been informed to receive these bills without late payment surcharge.

Published 06 Jun, 2014 12:00am

Development projects: government releases Rs 319.6 billion under current PSDP

The federal government has released Rs 319.6 billion under Public Sector Development Programme (PSDP) against total allocation of Rs 425 billion for various development projects for the current fiscal year 2013-14, it is learnt. The government has disburs

Published 06 Jun, 2014 12:00am

Chinese companies show interest in government's mobile phone manufacturing plan

A high-level Chinese delegation comprising CEOs and heads of leading telecom companies Thursday showed keen interest in mobile phone manufacturing plan of the government. A Chinese delegation led by Lou Peide Secretary General China Mobile Communication A

Published 06 Jun, 2014 12:00am

Two gas pipelines blown up in Pirkoh

Two gas pipelines of 16-inch diameter from main junction were blown up with explosives by unidentified miscreants in Pirkoh area here on Thursday. According to security sources, some unidentified miscreants planted explosive device under main pipelines su

Published 06 Jun, 2014 12:00am

Tackling power crisis: 'Pakistan needs to discover renewable energy avenues'

Pakistan is facing critical energy crisis and needs to explore renewable energy avenues to improve its power supply. It is also estimated that the country loses up to 3 percent of its GDP per annum because of power shortages. This was stated by key speake

Published 06 Jun, 2014 12:00am

Six officials suspended on being absent from duty: Sethi visits City Sub Division Gujar Khan

Secretary Water and Power, Nargis Sethi has visited at City Sub Division Gujar Khan and inspected the compliant office of City Sub Division, says a press release issued here on Thursday.

Published 06 Jun, 2014 12:00am

KCA chief terms budget balanced, realistic

Chairman, Karachi Cotton Association (KCA), Khawaja M Zubair hailed the federal budget for the fiscal year 2014-15 and termed it as balanced, realistic and a good budget. He is of the view that federal budget stressed on growth and investment, avoiding fu

Published 06 Jun, 2014 12:00am

Two more kids die of measles in Sujawal

Two more children died of measles near Sujawal in Sindh on Thursday. Two children, five-year-old Samar and eight-month-old infant Mah Noor, suffering from measles, died in Dor area near Sujawal. The measles outbreak in the country in the current year cont

Published 06 Jun, 2014 12:00am

Customs regulations of CBSA: non-compliance may cause ban on direct PIA flights to Canada

Pakistan International Airlines may face suspension of its operations to Canada, as a result of non-compliance with the customs regulations of Canada Border Services Agency (CBSA). As against United States which does not allow direct PIA flights to any de

Published 06 Jun, 2014 12:00am

E&T department to replace vehicle registration book with smart card

Sindh Excise and Taxation (E&T) department has decided to replace motor vehicle registration book with the department's designed smart card. Sindh Chief Minister Syed Qaim Ali Shah has also approved the summary for replacement, which was moved in April th

Published 06 Jun, 2014 12:00am

Deforestation: 'Balochistan may face drought in future'

Balochistan province is feared to face drought like situation in future due to deforestation and rising environmental pollution. This was stated in a seminar on environment organised by Environmental Protection Agency Balochistan (EPAB), International Uni

Published 06 Jun, 2014 12:00am

MPCL awarded two certificates of recognition

In an impressive ceremony held at the Governor House Sindh (Karachi), Mari Petroleum Company Limited (MPCL) was awarded with two certificates of recognition from Pakistan Centre for Philanthropy, as Corporate Philanthropy Awards, says a press release issu

Published 06 Jun, 2014 12:00am

Forced closure of markets rumours create chaos, confusion in metropolis

Several markets faced forced closures soon after the city began its trade and economic activities on Thursday morning, traders said. Rumours, which followed the gunmen's threats to traders to shut their businesses in different parts, created chaos and con

Published 06 Jun, 2014 12:00am

Contaminated water in SFC: residents suffering from deadly diseases

The residents of Asifabad, Shah Faisal Colony (SFC) are suffering from deadly diseases as the residents are forced to use contaminated water since long. Despite several protests by residents authorities concerned are indifferent to the plight of the peopl

Published 06 Jun, 2014 12:00am

'Lafarge due diligence still going on'

Due diligence process of Lafarge is not ended yet, official said. According to a notice sent by Lafarge Pakistan Cement Limited (LPCL) to Karachi Stock Exchange Thursday, with regard to the evaluation of a potential divestment of 75.86 percent shares in L

Published 06 Jun, 2014 12:00am

Nadra DG urges people not to purchase fake forms

Director General NADRA Sindh, Brigadier Zahid Hussain (Retd) has informed the general public that some fraudulent elements are deceiving people by selling fake NADRA forms to public for the cash assistance of Rs 10,000. DG NADRA made it clear that NADRA h

Published 06 Jun, 2014 12:00am

Anti-labour attitude of rulers condemned

All Pakistan Wapda Hydro Electric Workers Union President Abdul Latif Nizamani has condemned the anti-labour attitude of rulers who have increased only 10 % in basic pay of government employees and industrial workers maximum wages to Rs 12000 in next fina

Published 06 Jun, 2014 12:00am

With Russia outside the tent, G7 takes aim at Moscow

The United States and its allies used the first Group of Seven meeting without Russia in 17 years to condemn Moscow's actions in Ukraine and threaten hard-hitting sanctions if President Vladimir Putin does not help restore stability. Meeting in Brussels r

Published 06 Jun, 2014 12:00am

More evidence that Earth collision formed Moon

German scientists said Thursday that moon samples collected during the 1960s and 1970s have shown new evidence that the moon formed when a young Earth collided with another celestial body. The smash-up between an early form of Earth and a planetary body n

Published 06 Jun, 2014 12:00am

Hollande bids to use D-Day encounters for Ukraine thaw

President Francois Hollande urged world leaders arriving in France on Thursday to mark the 70th anniversary of World War Two's D-Day landings to use the occasion to ease tensions over the Ukraine crisis. Hollande, criticised at home for a lack of initiati

Published 06 Jun, 2014 12:00am

Pope fires entire board of Vatican financial watchdog

Pope Francis sacked the five-man board of the Vatican's financial watchdog on Thursday - all Italians - in the latest move to break with an old guard associated with a murky past under his predecessor. The Vatican said the pope named four experts from Swi

Published 06 Jun, 2014 12:00am

Assad wins vote branded illegitimate by opposition

Syrian President Bashar al-Assad won a new seven-year term with nearly 90 percent of a vote in a poll branded "illegitimate" by the opposition and a "non-election" by Washington. Assad said Thursday that "the high turnout was a strong message to the West

Published 06 Jun, 2014 12:00am

Yemen says 500 militants, 40 soldiers killed

Five hundred al Qaeda militants and 40 soldiers have been killed since the military launched an offensive against the group in April, the army said on Thursday. Yemen's military mounted a campaign in the south of the country to try to crush the Islamist g

Published 06 Jun, 2014 12:00am

Nato commander in Afghanistan to head US Marines

US General Joseph Dunford, the commander of Nato forces in Afghanistan since February 2013, has been named the next commandant of the Marine Corps, the Pentagon said Thursday. The 58-year-old Dunford, whose nomination must be approved by the Senate, would

Published 06 Jun, 2014 12:00am

Israel huge new settlement push raises Palestinian ire

Israel unveiled plans for 3,200 settler homes Thursday in retaliation for the formation of a Palestinian unity government backed by Hamas and the international community, raising the Palestinians' ire. Tenders for nearly 1,500 new settlement houses and pl

Published 06 Jun, 2014 12:00am

UN chief urges Israel to freeze settlement activity

UN Secretary General Ban Ki-moon called on Israel Thursday to freeze settlement activity and abide by international law after authorities unveiled plans to build 3,200 new settler homes. Ban is "deeply concerned" by reports that Israel issued the tenders

Published 06 Jun, 2014 12:00am

'Hundreds dead' in Boko Haram village rampage

Hundreds of people are feared dead in a suspected Boko Haram attack on four villages in north-east Nigeria, in the latest upsurge in violence claiming increasing numbers of civilian lives. Some community leaders put the death toll from the Tuesday attacks

Published 06 Jun, 2014 12:00am

Sharapova overpowers Bouchard

Maria Sharapova reached the final of the French Open for the third straight year at Roland Garros on Thursday, digging deep to see off the youthful challenge of Canada's Eugenie Bouchard. The 27-year-old, seventh seed once again did it the hard way, battl

Published 06 Jun, 2014 12:00am

Halep becomes first Romanian to reach Slam final in 34 years

Simona Halep became the first Romanian woman to reach a Grand Slam final in 34 years Thursday when she beat Andrea Petkovic 6-2, 7-6 (7/4) to set-up a French Open title clash against Maria Sharapova. The 22-year-old fourth seed swept to victory in 90 minu

Published 06 Jun, 2014 12:00am

Silva and Thirimanne star for Sri Lanka

Kaushal Silva and Lahiru Thirimanne both scored hundreds as Sri Lanka compiled 358 for three on the opening day of their tour match against Northamptonshire. At stumps on Thursday's first day of four at Northampton, opener Silva was 152 not out in what wa

Published 06 Jun, 2014 12:00am

Aussies get the dirt on Indian spin

Cricket Australia will import soil from India to build sub-continental style pitches to help their batsmen prepare for playing against spin, a report said on Thursday. The outdoor pitches will be laid near the National Cricket Centre in Brisbane to create

Published 06 Jun, 2014 12:00am

Headingley set for major revamp

English county Yorkshire have announced a 20-year redevelopment plan for their Headingley stadium in a bid to ensure they continue staging international cricket. Headingley has struggled to keep pace with major renovations at Edgbaston and Old Trafford as

Published 06 Jun, 2014 12:00am

Malik, Kamran excluded as central contract to 31 players awarded

After taking into consideration fitness level and future potential of players, Pakistan Cricket Board (PCB) Thursday announced the award of its 'Players Central Contracts' for the calendar year 2014 to as many as 31 established players and young ones with

Published 06 Jun, 2014 12:00am

Bangladesh select Mithun, Taskin for India series

Bangladesh on Thursday included uncapped wicketkeeper-batsman Mohammad Mithun and paceman Taskin Ahmed in their 15-man squad for the one-day international series against India that begins next week. India will arrive in Dhaka on June 13 to play the three

Published 06 Jun, 2014 12:00am

LCCA polls

Election Commissioner Pakistan Cricket Board (PCB) Ahmed Shehzad Farooq Rana on Thursday announced the election schedule of Lahore City Cricket Association (LCCA). As per schedule, last date for submission of nomination forms is 13th June 2014. The electi

Published 06 Jun, 2014 12:00am

Flintoff comeback on hold

Andrew Flintoff's much-talked about return to county cricket won't take place this week after he was left out of Lancashire's squad to play Yorkshire in a Twenty20 match at Old Trafford on Friday. Last week saw Lancashire announce that the 36-year-old all

Published 06 Jun, 2014 12:00am

Australian Pomersbach retires due to depression

Explosive former Australian T20 batsman Luke Pomersbach announced his retirement from professional cricket on Thursday to deal with depression. Pomersbach only played one T20 for Australia in 2007 but his hard-hitting exploits earned him contracts with th

Published 06 Jun, 2014 12:00am

FIFA finds a field of dreams in China

Images of a beaming FIFA President Sepp Blatter and a small blue certificate in the Chinese city of Zibo proclaim it as the birthplace of football, to the fury of English experts. A map in Zibo's Qi State History Museum shows a thin line stretching from C

Published 06 Jun, 2014 12:00am

Sterling struggles

Sterling gained ground on Thursday but failed to hold onto 17-month highs hit against the euro after a European Central Bank meeting that did little to dent the single currency's immediate appeal. Expectations that the Bank of England will raise interest

Published 06 Jun, 2014 12:00am

Most Asian currencies crawl higher

Most emerging Asian currencies crawled higher on Thursday with the European Central Bank expected to ease monetary policy later in the day to tackle deflation, while the peso rose on hawkish comments from the Philippines' central bank. The Taiwan dollar a

Published 06 Jun, 2014 12:00am

Indian rupee flat

The Indian rupee ended steady on Thursday after trading in a tight range for much of the session, as gains in local equities and Asian currencies were offset by dollar buying from the central bank. The local currency was underpinned by foreign inflows int

Published 06 Jun, 2014 12:00am

Yuan weakens

The Chinese yuan softened slightly on Thursday following a weaker official guidance rate from the central bank. The spot rate opened at 6.2530 per dollar and e remained in a narrow range thereafter, changing hands at 6.2533 at midday. It closed at 6.2504

Published 06 Jun, 2014 12:00am

Bangladesh's interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Thursday. 77.6300-77.6325 (previous 77.63-77.63). Call Money Rates: 05.50-07.25 percent (previous 05.50-07.25 percent).

Published 06 Jun, 2014 12:00am

Dollar rises in New York

The US dollar rose on Wednesday, getting lift from fatter Treasury yields and investor anxieties about likely market-moving policy shifts by central bankers looking to spur Europe's economy. After trading very near $1.40 within the past month, the euro ha

Published 06 Jun, 2014 12:00am

Early trade in New York: Euro holds ground

The euro rebounded from four-month lows on Thursday, brushing aside the European Central Bank's decision to cut interest rates and announce an array of measures to loosen monetary policy in order to halt a disinflation trend. The ECB cut all its main rate

Published 06 Jun, 2014 12:00am

Euro falls to four-month low in London

The euro fell to a four-month low against the dollar after the European Central Bank cut interest rates, as expected, and said it would announce further policy easing measures to tackle the threat of disinflation. The ECB cut the deposit rate to -0.10 per

Published 06 Jun, 2014 12:00am

Euro near four-month lows in Asia

The euro languished near four-month lows on Thursday with investors firmly sidelined as they waited to see what measures the European Central Bank would implement to tackle the threat of deflation. The ECB is widely expected to cut interest rates, putting

Published 06 Jun, 2014 12:00am

Aussie, New Zealand dollar struggle

The New Zealand dollar dangled near three-month lows on Thursday and the Aussie struggled to make headway as investors waited to see how bold, or not, the European Central Bank might be in tackling the threat of deflation. The New Zealand dollar found a t

Published 06 Jun, 2014 12:00am

UK's top equity index falls

Britain's top equity index fell on Thursday, missing out on a broader rally among Europe's stock markets which were boosted by new European Central Bank (ECB) economic stimulus measures. Traders said the UK's benchmark FTSE 100 index was hindered by the f

Published 06 Jun, 2014 12:00am

Indian shares surge to record high

Indian shares ended at a fresh closing high on Thursday, helped by gains in resources stocks such as Sesa Sterlite on continued optimism over the revival of the domestic economy. Metal stocks continued to gain, surging for the third straight day on the ba

Published 06 Jun, 2014 12:00am

Sri Lankan shares down

Sri Lankan shares ended a tad weaker on Thursday, hovering near their lowest close in more than three weeks hit on Friday, while conglomerate John Keells Holdings boosted turnover, brokers said. Analysts said continued foreign buying and expectation that

Published 06 Jun, 2014 12:00am

Periphery leads eurozone shares higher on ECB boost

Eurozone shares rose on Thursday, led by banks in peripheral countries, as the European Central Bank unveiled a string of measures to fight low inflation and boost the currency bloc's economy. The ECB cut rates, effectively charging banks to deposit cash

Published 06 Jun, 2014 12:00am

Hong Kong sinks, China up

Hong Kong shares sank 0.18 percent Thursday as traders brushed off a record close on Wall Street ahead of a closely watched European Central Bank policy meeting later in the day. The benchmark Hang Seng Index shed 42.05 points to 23,109.66 on turnover of

Published 06 Jun, 2014 12:00am

Australian shares fall

Australian shares lost 0.2 percent on Thursday, as blue-chip banks dragged on the index in a session characterised by caution ahead of expected easing steps from the European Central Bank. Shares in Australian media monitoring company iSentia Group Ltd ju

Published 06 Jun, 2014 12:00am

Treasury yields edge higher

US Treasury yields edged up on Wednesday as investors took profits from the recent rally, before Thursday's highly anticipated European Central Bank meeting. The ECB is expected to cut interest rates and announce other measures to help stimulate growth in

Published 06 Jun, 2014 12:00am

Treasury yields edge higher

US Treasury yields edged up on Wednesday as investors took profits from the recent rally, before Thursday's highly anticipated European Central Bank meeting. The ECB is expected to cut interest rates and announce other measures to help stimulate growth in

Published 06 Jun, 2014 12:00am

Taiwan stocks flat

Taiwan stocks were little changed on Thursday morning as investor sentiment continued to be cautious after the market hit a 40-month closing high last week. Topping the most active lists by volume and turnover was Inotera Memories Inc, soaring 6 percent,

Published 06 Jun, 2014 12:00am

S&P at new record on strong services sector growth data

US stocks edged up on Wednesday with the S&P 500 ending at a new record as investors brushed off weaker-than-expected labour market data and focused on an acceleration in services-sector growth. But trading volume continued to be light as investors took a

Published 06 Jun, 2014 12:00am

Thursday's early trade: S&P hits intraday record high

The S&P 500 rose to hit an intraday record high for the seventh time in eight sessions on Thursday after the European Central Bank cut rates to record lows and outlined further accommodative monetary policy actions. Also helping stocks: hedge fund manager

Published 06 Jun, 2014 12:00am

Tokyo stocks flat

Tokyo stocks ended marginally higher Thursday, marking a fourth straight gain, but earlier rises were pared by a stronger yen. The benchmark index edged up 11.41 points to 15,079.37, a more than two-month high, while the Topix index of all first-section s

Published 06 Jun, 2014 12:00am

Southeast Asian markets: Thai consumer, hotel shares up

Thai shares rose on Thursday as optimism around the domestic economy gave more boost to consumer and hotelier shares while Philippine stocks were range-bound amid expectations of a possible interest rate hike after higher inflation in May. Most Southeast

Published 06 Jun, 2014 12:00am

Egypt's bourse jumps on Beltone offer for EFG Hermes stake

Egypt's bourse led gains in the region on Thursday after several investors represented by Beltone Financial Holding offered to buy a large stake in EFG Hermes, the country's biggest investment bank. The Cairo index jumped 4.7 percent in its biggest daily

Published 06 Jun, 2014 12:00am

BoE keeps rates at record low, split seen coming

The Bank of England stuck to its plan to nurse the economy back to full health with record low interest rates on Thursday, despite a strong recovery and fast-rising house prices which could lead to a split among its policymakers soon. The Bank's Monetary

Published 06 Jun, 2014 12:00am

German outlook brightens after jump in factory orders

The outlook for the German economy, Europe's biggest, is looking brighter for the second quarter following a surprise jump in industrial orders, data showed on Thursday. Industrial or factory orders - a key measure of demand for German-made goods - were u

Published 06 Jun, 2014 12:00am

US jobless claims data still points to labour market strength

The number of Americans filing new claims for unemployment benefits rose last week, but the underlying trend continued to point to a firming labour market. Initial claims for state unemployment benefits increased 8,000 to a seasonally adjusted 312,000 for

Published 06 Jun, 2014 12:00am

Vietnam Prime Minister woos investors

Vietnam's prime minister pledged Thursday to step up economic reforms and prevent a repeat of riots targeting foreign-owned factories, seeking to reassure nervous investors. Nguyen Tan Dung said the mid-May unrest, in which Beijing says four Chinese worke

Published 06 Jun, 2014 12:00am

IMF's Lagarde, Greek minister meet discreetly in Paris

IMF chief Christine Lagarde and Greek Finance Minister Yannis Stournaras held private talks in Paris Tuesday amid speculation about a new aid plan for Athens, the IMF acknowledged Thursday. The meeting "took place in Paris... Tuesday with Mme Lagarde and

Published 06 Jun, 2014 12:00am

Eurogroup head says eurozone must step up pace of reforms

The eurozone must press ahead with reform of its economy to boost growth, the currency area's head Jeroen Dijsselbloem said on Thursday. Dijsselbloem, who is also finance minister of the Netherlands, said the pace of reforms has to be stepped up with a "l

Published 06 Jun, 2014 12:00am

Eurozone retail sales strongest in seven years

Retail sales in the eurozone registered their strongest annual growth in seven years in April, outstripping expectations and suggesting Europeans may be willing to start spending again to support the fragile recovery. Sales in the 18 countries using the e

Published 06 Jun, 2014 12:00am

Bangladesh unveils green tax in budget

Bangladesh imposed a radical new "green tax" on Thursday to force polluting factories to pay extra levies as it looks to clean up the country's increasingly dirty rivers and air. The environmental tax was announced as part of a $32 billion budget for the

Published 06 Jun, 2014 12:00am

Bangladesh unveils green tax in budget

Bangladesh imposed a radical new "green tax" on Thursday to force polluting factories to pay extra levies as it looks to clean up the country's increasingly dirty rivers and air. The environmental tax was announced as part of a $32 billion budget for the

Published 06 Jun, 2014 12:00am

General Motors probe cites 'incompetence, neglect' in recall scandal

General Motors Co suffered from "incompetence and neglect" in dealing with an ignition-switch defect in vehicles linked to at least 13 deaths, CEO Mary Barra said on Thursday, but she offered no specifics on how the problem was allowed to fester for more

Published 06 Jun, 2014 12:00am

Hamas demands new Palestinian government pay its workers

Hamas demanded Thursday that the Palestinian Authority take employees of the disbanded Gaza government onto its payroll, after scuffles broke out at banks in the Palestinian territory overnight. The dispute was the first hitch for a unity government sworn

Published 06 Jun, 2014 12:00am

Irish official unemployment steady at 11.8 percent, but trend falls

The number of people unemployed in eurozone-nation Ireland fell slightly in May, but the rate was steady, official data showed on Thursday as the country pulls away from a crippling debt crisis. The unemployment rate was 11.8 percent in May, the same as t

Published 06 Jun, 2014 12:00am

Currency	Rate
USD PKR Interbank Selling / Apr 25	281.17
USD PKR Interbank Buying / Apr 25	280.97
USD to Japanese Yen / Apr 25	143.67
USD to Swiss Franc / Apr 25	0.83
Pound Sterling to USD / Apr 25	1.33
Euro to USD / Apr 25	1.14
UK LIBOR % / Apr 24	4.96

Stock	Volume
S&P 500 / Apr 25	5,525.21
India Sensex / Apr 25	79,212.53
Tokyo Nikkei / Apr 25	35,705.74
Nasdaq / Apr 25	17,382.94
Hang Seng / Apr 25	21,980.74
FTSE 100 / Apr 25	8,415.25
Dow Jones / Apr 25	40,113.50
Germany DAX 30 / Apr 25	22,242.45
France CAC40 / Apr 25	7,536.26

Item	Value
Crude Oil USD/Barrel / Apr 25	63.17
Karachi Cotton PKR/37.32 KG / Apr 25	16,985
Gold 10 Grams PKR / Apr 25	298,950
Gold Spot USD/Ounce / Apr 25	3,327.60
Cotton US¢/pound / Apr 25	68.80
Petrol/Litre / Apr 27	254.63
Diesel/Litre / Apr 27	258.64

Stock	Price
First Capital Equities / Apr 25 First Capital Equities Limited(FCEL)	4.92 ▲ 0.96 (24.24%)
PICIC Ins.Ltd. / Apr 25 PICIC Insurance Limited(PIL)	3.14 ▲ 0.5 (18.94%)
Dewan Mushtaq / Apr 25 Dewan Mushtaq Textile Mills Limited(DMTM)	7.99 ▲ 1 (14.31%)
Pak. P.V.C. / Apr 25 Pakistan PVC Limited(PPVC)	8.26 ▲ 1 (13.77%)
J.K.Spinning / Apr 25 J.K. Spinning Mills Limited(JKSM)	61.90 ▲ 5.63 (10.01%)
At-Tahur Ltd. / Apr 25 At-Tahur Limited(PREMA)	86.74 ▲ 7.89 (10.01%)
Shezan Inter. / Apr 25 Shezan International Limited(SHEZ)	203.03 ▲ 18.46 (10%)
Sunrays Textile / Apr 25 Sunrays Textile Mills Limited(SUTM)	156.38 ▲ 14.22 (10%)
PIA Holding Co.B / Apr 25 PIA Holding Company Limited B(PIAHCLB)	3,282.29 ▲ 298.39 (10%)
S.S.Oil / Apr 25 S.S.Oil Mills Limited(SSOM)	357.05 ▲ 32.46 (10%)

Stock	Price
Engro Powergen / Apr 25 Engro Powergen Qadirpur Limited(EPQL)	28.71 ▼ -10.13 (-26.08%)
Ghani Chemworld / Apr 25 Ghani Chemworld Limited(GCWL)	8 ▼ -1 (-11.11%)
Samba Bank / Apr 25 Samba Bank Limited(SBL)	8.01 ▼ -0.99 (-11%)
Arpak Int. / Apr 25 Arpak International Investments Ltd.(ARPAK)	56.66 ▼ -6.29 (-9.99%)
Blue-Ex Ltd / Apr 25 Blue-Ex Limited (GEM)(GEMBLUEX)	47.38 ▼ -5.26 (-9.99%)
Saif Power Ltd. / Apr 25 Saif Power Limited(SPWL)	12.31 ▼ -1.3 (-9.55%)
Shaheen Ins. / Apr 25 Shaheen Insurance Company Limited(SHNI)	5.25 ▼ -0.46 (-8.06%)
Equity Modaraba / Apr 25 First Equity Modaraba(FEM)	2.75 ▼ -0.24 (-8.03%)
GlaxoSmithKline / Apr 25 GlaxoSmithKline Pakistan Limited(GLAXO)	409.57 ▼ -34.89 (-7.85%)
AKD Hospitality / Apr 25 AKD Hospitality Limited(AKDHL)	136.65 ▼ -10.81 (-7.33%)

Stock	Volume
WorldCall Telecom / Apr 25 Worldcall Telecom Limited(WTL)	22,789,497 ▼ -0.02
Power Cement / Apr 25 Power Cement Limited(POWER)	21,965,614 ▼ -0.17
Sui South Gas / Apr 25 Sui Southern Gas Company Limited(SSGC)	21,567,163 ▼ -0.56
B.O.Punjab / Apr 25 The Bank of Punjab(BOP)	19,825,526 ▼ -0.08
K-Electric Ltd. / Apr 25 K-Electric Limited(KEL)	17,030,953 ▼ -0.04
Aisha Steel Mill / Apr 25 Aisha Steel Mills Limited(ASL)	16,751,796 ▲ 0.59
Cnergyico PK / Apr 25 Cnergyico PK Limited(CNERGY)	16,717,262 ▼ -0.17
Pak Int.Bulk / Apr 25 Pakistan International Bulk Terminal(PIBTL)	16,382,803 ▲ 0.14
Sui North Gas / Apr 25 Sui Northern Gas Pipelines Limited(SNGP)	13,338,455 ▲ 0.33
Secure Logistics / Apr 25 Secure Logistics Group Limited(SLGL)	12,723,116 ▲ 1.13

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