News Archives for Print - 2014-06-23

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Print - 2014-06-23

The Weather

The weather report on Sunday (June 08, 2014) and the forecast for Monday (June 09, 2014).

Published 23 Jun, 2014 12:00am

Returns on Profit and Loss Sharing Investment Bank Accounts (JULY TO DECEMBER 2013)

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

Published 23 Jun, 2014 12:00am

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (June 16 to 20, 2014).

Published 23 Jun, 2014 12:00am

Aaj TV - Monday's schedule

All timings are in PST (Pakistan Standard Time).

Published 23 Jun, 2014 12:00am

'IPPs are biggest corporate victims in Pakistan'

Independent Power Producers (IPPs) are knocking at all doors to get their Rs 300 billion dues from the government claiming they are the biggest corporate victims in Pakistan. These views were expressed by Sohail H Hydari, Chief Operating Officer and Chief

Published 23 Jun, 2014 12:00am

Government urged to resolve SITE area issues

The government is not taking any interest in resolving the issues of Hyderabad Business Community especially SITE area leaving them with no option except for shifting their businesses to abroad which must increase unemployment and cause a revenue loss to

Published 23 Jun, 2014 12:00am

Tax on bonus shares: FBR to collect Rs15bn from revised procedure

The Federal Board of Revenue (FBR) will collect an estimated amount of Rs 15 billion from revised procedure issued through amended Finance Bill (2014-15) for collection of tax on bonus shares.

Published 23 Jun, 2014 12:00am

21.3 million tonnes of cement dispatched in 10 months

The first ten months of this fiscal year have witnessed 21.3 million tonnes of cement industry dispatches in local market, showing a growth of 2.7 percent as compared to same period last year. The overall situation during the period showed a growth of 1.1

Published 23 Jun, 2014 12:00am

Zardari condoles death of Ramesh Lal's sister

Former president and co-Chairman, Pakistan People's Party (PPP) Asif Ali Zardari has condoled on the death of sister of Member National Assembly Ramesh Lal. In a condolence message to Ramesh Lal on Sunday, the former president expressed sorrow and grief o

Published 23 Jun, 2014 12:00am

Three women among seven killed in Balochistan

Three women among the seven people were killed in separate incidents of violence in different parts of Balochistan on Sunday. Police said in Kharoatabad locality of Quetta, accused Jumma Gul shot dead his wife Bakht Bibi over some domestic disputes and es

Published 23 Jun, 2014 12:00am

Musharraf's travel abroad: larger Supreme Court bench to hear government appeal today

A five-member larger bench of the Supreme Court headed by Justice Nasirul Mulk will hear the federal government's appeal today (Monday) against the Sindh High Court's June 12 verdict of lifting former military ruler Pervez Musharraf's travel ban. The benc

Published 23 Jun, 2014 12:00am

Prices of POL products unlikely to change in July

The government is not likely to change the price of petroleum products in July. According to sources in the Petroleum Ministry, import of fuel predated the Islamic State of Iraq and Syria (ISIS) annexation of several Iraqi cities and its capture of the la

Published 23 Jun, 2014 12:00am

Three suspected militants killed in encounter

City police on Sunday claimed to have killed at least three suspected militants belonging to a banned outfit in an encounter during a search operation conducted in Afghan Basti, Sohrab Goth area near Super Highway. Senior Superintendent Police (SSP) Malir

Published 23 Jun, 2014 12:00am

'Continental Biscuits intends to maintain the momentum,' Marketing Director Continental Biscuits Limited Pakistan

Rafey Nisar Zuberi is Marketing Director for Continental Biscuits Limited Pakistan, a joint venture company with Kraft Foods.

Published 23 Jun, 2014 12:00am

'Continental Biscuits intends to maintain the momentum,' Managing Director Continental Biscuits Limited Pakistan

Rafey Nisar Zuberi is Marketing Director for Continental Biscuits Limited Pakistan, a joint venture company with Kraft Foods.

Published 23 Jun, 2014 12:00am

Dishonour in the name of honour

It took the intervention of the Supreme Court in March to start proper investigations into the murder of two young women in Sindh in the name of 'karo-kari' (so-called honour killing) carried out as per the decision of a rural jirga (council of notables).

Published 23 Jun, 2014 12:00am

In Austria, heat is 'recycled' from the sewer

Vast amounts of hot water from household appliances, businesses and factories gurgle down the drain every day, wasting not only H2O but also another precious resource: heat energy. Not, however, in the Austrian town of Amstetten, where a pilot project by

Published 23 Jun, 2014 12:00am

Korean TV dramas give Asian shoppers urge to splurge

The export success of South Korea's TV dramas has spawned a hard-selling world of branded entertainment that uses product placement to push everything from smartphones to lipsticks. The so-called Hallyu (Korean Wave) of TV shows and pop music has long con

Published 23 Jun, 2014 12:00am

Public debt: then and now

Federal Finance Minister Ishaq Dar never tires of comparing the performance of key macro-economic indicators during the five-year tenure of the PPP-led coalition government with his own one year's performance. His unsurprising conclusion is that recovery

Published 23 Jun, 2014 12:00am

Protecting religious minorities rights

Having presided over suo motu proceedings, regarding bombing of a Church in Peshawar that left 81 worshippers dead, and heard several pleas from Hindus for the protection of their temples, Chief Justice Tassaduq Hussain Jillani announced a comprehensive v

Published 23 Jun, 2014 12:00am

The Finance Act

The Finance Bill 2014 has been passed by the National Assembly and receiving presidential assent will become the Finance Act 2014. The Federal Finance Minister, Ishaq Dar, in his lengthy wind up of the budget debate did withdraw several revenue generating

Published 23 Jun, 2014 12:00am

'Looted' Nigerian art returned to traditional ruler

Two statues from among thousands of works of art looted by British soldiers in the 19th century have been returned to Nigeria, prompting calls for other "stolen" treasures to be repatriated.

Published 23 Jun, 2014 12:00am

French cave home to earliest drawings wins World Heritage status

UN cultural agency UNESCO on Sunday granted its prized World Heritage status to a prehistoric cave in southern France containing the earliest known figurative drawings. Delegates at UNESCO's World Heritage Committee voted to grant the status to the Grotte

Published 23 Jun, 2014 12:00am

Israeli troops kill two West Bankers in teen manhunt

Israeli troops shot dead two Palestinians in the West Bank early Sunday in separate clashes that erupted as they made more arrests in the hunt for three missing teenagers. Their deaths raised to four the number of Palestinians killed since the Israeli arm

Published 23 Jun, 2014 12:00am

Netanyahu warns US not to work with Iran on Iraq crisis

Israeli Prime Minister Benjamin Netanyahu on Sunday warned close ally the United States against working with arch-foe Iran in the effort to pull Iraq back from the brink. Israel has consistently voiced fears that a swift jihadist offensive led by the Isla

Published 23 Jun, 2014 12:00am

Beware ISIL, Rouhani warns 'petrodollar' states

Iran's President Hassan Rouhani warned on Sunday that Muslim states which funnel petrodollars to jihadist Sunni fighters wreaking havoc in Iraq will become their next target. Rouhani did not name any country, but officials and media in mainly Shia Iran ha

Published 23 Jun, 2014 12:00am

Syrian official on first Europe trip in three years

Buthaina Shaaban, a key aide to Syrian President Bashar al-Assad, has visited Norway in the first trip to Europe by a senior official in three years, her office said Sunday. "Dr Buthaina Shaaban visited Oslo on June 18 and 19 at the invitation of the Norw

Published 23 Jun, 2014 12:00am

Cyclists mark 100 years since Sarajevo assassination sparked WWI

Thousands of cyclists swarmed through Sarajevo on Sunday in a "Race for Peace" to mark 100 years since Austrian Archduke Franz Ferdinand's assassination here sparked World War I. The throng including 140 professional racers rode from predominantly Bosnian

Published 23 Jun, 2014 12:00am

Lithuanian president compares Putin to Hitler and Stalin

Lithuania's president likened the tactics of Russian President Vladimir Putin to those employed by Stalin and Hitler, and said in a magazine interview that Moscow was trying to persuade Baltic states to leave Nato in exchange for cheaper oil or gas.

Published 23 Jun, 2014 12:00am

Putin and Ukraine leader back talks to end eastern revolt

Ukraine's new Western-backed leader and Russian President Vladimir Putin both called for dialogue Sunday to end a pro-Moscow uprising that has threatened the ex-Soviet state's survival and brought Europe to the edge of all-out war.

Published 23 Jun, 2014 12:00am

Punjab government to dispatch relief goods worth Rs 100 million for IDPs

Punjab government has decided to dispatch relief goods worth Rs 100 million for the assistance of IDPs of North Waziristan which include tents, rice and flour. This was disclosed by Chief Relief Commissioner Punjab, Nadeem Ashraf here on Sunday.

Published 23 Jun, 2014 12:00am

Comprehensive arrangements made for IDPs

The government has made comprehensive arrangements for facilitating and assisting Internally Displaced Peoples (IDPs) of the North Waziristan by paying cash amount of Rs 15,000 to each family as first part of relief package. According to Ministry of State

Published 23 Jun, 2014 12:00am

Imran asks Centre to release Rs 6 billion from CSF for IDPs

Pakistan Tehreek-i-Insaf Chairman Imran Khan on Sunday said if the federal government wanted to refrain from any major tragedy, then it should release Rs6billion to Khyber Pakhtunkhwa government from Coalition Support Fund (CSF) for the people affected by

Published 23 Jun, 2014 12:00am

Imran for suspending NW action

Chairman Pakistan Tehreek-e-Insaf(PTI) Imran Khan has urged federal government to suspend the on-going military operation till evacuation of all people from North Waziristan besides immediately releasing Rs 6 billion to Khyber Pakhtunkhwa government from

Published 23 Jun, 2014 12:00am

Imran for suspending NW action

Published 23 Jun, 2014 12:00am

Army sets up donation camps for IDPs

To assist displaced families from North Waziristan, donation camps have been established by Pakistan Army at Karachi and Lahore. At Karachi, donations collection points have been established at COD Karachi, DHA Golf Club, Malir Cantt Gate. At Hyderabad an

Published 23 Jun, 2014 12:00am

FBR Union suggests to donate one day salary for IDPs

The Federal Revenue Alliance Employees Union (FBR Union) has suggested the government to donate their single day salary to the Internally Displaced Persons (IDPs) of North Waziristan.

Published 23 Jun, 2014 12:00am

Orientation session

The orientation session of private school principals partnering with the Punjab Education Foundation in the districts of Sahiwal, Khanewal, Vehari and Pakpattan will be held today (Monday) at TBC, Sahiwal. The participants will be briefed about proposed m

Published 23 Jun, 2014 12:00am

NUST to remain closed for two days

National University of Science and Technology (NUST) will remain closed on June 23 (Monday) and June 24 (Tuesday). A spokesman of the university however said that NUST Entry Test, 2014 will be conducted as per schedule.

Published 23 Jun, 2014 12:00am

MCCI chief seeks to scale back indirect taxation on poor

Opposing the indirect taxation on the poor, President of Multan Chamber of Commerce and Industry (MCCI), Khawaja Muhammad Usman, has proposed to scale back the 'high' indirect taxes to provide relief to the poor. He called for broadening direct tax net wi

Published 23 Jun, 2014 12:00am

Flour millers for withdrawal of hike in power tariff

All Pakistan Flour Mills Association (PFMA) has asked the government to withdraw the decision of increase in power tariff with immediate effect to prevent an increase of Rs 20/- per bag in flour prices in the country.

Published 23 Jun, 2014 12:00am

Pervaiz Rashid rejects Imran's allegations

Federal Minister for Information and Broadcasting Pervaiz Rashid has rejected the allegations of PTI Chief Imran Khan about not taking the Khyber Pakhtunkhwa government into confidence before North Waziristan Agency (NWA) operation and lack of assistance

Published 23 Jun, 2014 12:00am

Sindh and Balochistan: KP Governor deplores ban on IDPs' entry

Khyber Pakhtunkhwa Governor Sardar Mahtab Ahmad Khan has expressed concern over the reported ban on entry of North Waziristan IDPs in Sindh and Balochistan provinces, saying that these tribesmen have been forced to leave their houses for the integrity and

Published 23 Jun, 2014 12:00am

Journalists' bodies decide to boycott police news

A joint meeting of journalists' organisations have endorsed the earlier decision of boycott of Hyderabad district police news due to the police inaction towards the incidents of violence against journalists. The meeting presided by President of Hyderabad

Published 23 Jun, 2014 12:00am

Security put on high alert in South Punjab

In a bid to pre-empt any likely reaction in South Punjab of under way operation 'Zarb-e-Azb, security in the entire area has been put on high alert, while several contingents of Pak Army have been sent for deployment in different districts of Dera Ghazi K

Published 23 Jun, 2014 12:00am

Air pollution linked to cognitive decline

The tiny particles in vehicle exhaust and other sources of air pollution may hasten cognitive decline in older adults, according to a new US study.

Published 23 Jun, 2014 12:00am

Ebola: a prolific killer

The Ebola virus plaguing three nations in west Africa, with 337 deaths since January, is one of the deadliest known to man and can fell its victims within days. Fresh data from the UN health agency on June 18 confirmed this to be the deadliest ever outbre

Published 23 Jun, 2014 12:00am

Resistant mosquitoes may fly in to fight dengue

Australian scientists said on June 16 they want to fight dengue fever - which is spread by mosquito bites - by releasing more of the buzzing, flying insects into the environment. The mosquitoes released would be resistant to dengue and expected to quickly

Published 23 Jun, 2014 12:00am

Gene flaws may protect against heart disease

A rare set of genetic mutations found in fewer than one percent of the population may cut the risk of heart disease by 40 percent, researchers said on June 18. The findings in the New England Journal of Medicine show how certain flaws in a gene called APO

Published 23 Jun, 2014 12:00am

Minimum CO2 price of $32 needed to curb warming

A global carbon price of at least $32 (24 euros) per tonne is needed by 2015 to apply an effective brake on global warming - almost five times today's European market rate, a study said on June 16. Co-authored by British economist Nicholas Stern, an autho

Published 23 Jun, 2014 12:00am

Link seen between sitting and certain cancers

In a new review of past research, people who spent lots of time watching TV or otherwise sitting were more likely to be diagnosed with colon or endometrial cancer than those who were less sedentary.

Published 23 Jun, 2014 12:00am

Light ahead in fight against degenerative blindness

Once doomed to a life of darkness, dozens of people stricken by retinal diseases are rediscovering a world of light as scientists push ahead on cures for blindness. Already, bionic retinas enable blind people to "see" sidewalks, doorways and even oversize

Published 23 Jun, 2014 12:00am

H7N9 flu: New map pinpoints Asian countries at risk

Five Asian countries could join China as targets for the H7N9 bird flu virus that has claimed about a hundred lives since it erupted in March 2013, scientists said on June 17. Parts of Bangladesh, India, Indonesia, the Philippines and Vietnam are at risk

Published 23 Jun, 2014 12:00am

Used right, QR codes for smartphones can open up worlds

First there was the barcode, which was mainly useful for retailers. Now there are QR codes, which are useful to us all. QR codes are those boxes containing little black and white squares which you often seen on printed posters. If you have not activated a

Published 23 Jun, 2014 12:00am

Amazon Appstore opens to BlackBerry users

Canadian smartphone maker BlackBerry announced Wednesday a deal with Amazon giving its users access to more than 240,000 software applications from the online retailer's Appstore. The deal triples the number of apps available on BlackBerry smartphones, in

Published 23 Jun, 2014 12:00am

Amazon 3D 'Fire' smartphone to challenge rivals

Amazon on June 18 unveiled its "Fire Phone," a high-end handset boasting 'breakthrough technologies," which enters a crowded market dominated by the likes of Apple and Samsung. Amazon founder Jeff Bezos unveiled the device, Amazon's first smartphone of it

Published 23 Jun, 2014 12:00am

Google, Microsoft to add smartphone 'kill' switches

Google and Microsoft said June 20 they plan to join Apple in offering theft-deterring "kill switches" in their smartphone operating systems, as part of an agreement with mayors and police agencies. The companies confirmed the commitment which was noted in

Published 23 Jun, 2014 12:00am

Israeli emergency service launches anti-kidnapping app

An Israeli NGO has created a smartphone application to prevent kidnappings, with the launch coming in response to last week's abduction of three teenagers in the West Bank. The application, dubbed SOS, allows users to alert the authorities with one swipe,

Published 23 Jun, 2014 12:00am

Facebook slings new photo/video messaging app

Facebook released Tuesday a new instant messaging app that enables users to send photos or video to selected friends who can only see them if they send an image back. Slingshot, available for Apple and Android devices, is the second product to come out of

Published 23 Jun, 2014 12:00am

Intel launches messaging app to mimic sender's face

Intel Corp is getting into voice instant messaging with a smartphone app that uses facial tracking technology to caricature a sender's expressions. Pocket Avatars was launched on Thursday by Mike Bell, an Intel senior executive whose job is to make sure t

Published 23 Jun, 2014 12:00am

Intel woos Internet heavyweights with flexible server chips

Intel Corp is taking a new approach to the powerful server chips it sells to Internet heavyweights like Facebook and Google. The Santa Clara, California company is integrating its Xeon processors with programmable chips that will give customers with uniqu

Published 23 Jun, 2014 12:00am

Apple introduces cheaper iMac

Apple's newest entry-level 21.5 inch iMac costs 1,099 dollars the California-based company announced Wednesday. The new model is about 200 dollars cheaper than the previous one.

Published 23 Jun, 2014 12:00am

Microsoft's keyboard trackpad

Microsoft has combined a trackpad and a keyboard into one device with its wireless All-in-One keyboard, designed for controlling smart TVs and multimedia systems. It looks like a standard keyboard. But, instead of a numeric pad on the right side, there's

Published 23 Jun, 2014 12:00am

New Xperia T3, extra-thin phablet

Sony's newest smartphone 'the Xperia T3' is only seven millimetres thick and weighs 145 grams. But it also comes with a 5.3-inch HD display and a stainless steel frame, making the Xperia a phablet, albeit one that tries to punch above its weight class.

Published 23 Jun, 2014 12:00am

MacBook Air Update removes battery problem

Owners of MacBook Air machines manufactured between mid 2013 and mid 2014 can now download an update from Apple to fix a battery problem that had, in some cases, run down the charge of batteries even if the laptop was shut.

Published 23 Jun, 2014 12:00am

LINE users in Japan, Asia urged to change passwords

The operator of smartphone messenger application LINE urged more than 400 million users in Japan and Asia to change their passwords after it confirmed 303 unauthorised access to its free service, a news report said Thursday. Japanese police started on Wed

Published 23 Jun, 2014 12:00am

Lecture hall app provides live feedback for professors

Ever had something to ask a lecturing professor, but no courage to interrupt him in the middle of a presentation? A group of computer scientists from the southern German University of Freiburg might have a solution. A team led by Bernd Becker has develope

Published 23 Jun, 2014 12:00am

Mitsui to take majority stakes in projects

Mitsui & Co will consider taking majority stakes in major projects rather than just participating as a minority owner, its top official said, a strategic shift the Japanese trader is eyeing to preserve growth in its profit margins. Mitsui President Masami

Published 23 Jun, 2014 12:00am

RBS to cut 245 branch manager roles at NatWest

State-backed Royal Bank of Scotland on June 18 announced plans to reduce the number of branch managers at its NatWest division in England and Wales by 245. The bank said it was cutting 361 branch manager roles but creating 116 jobs at a more senior level

Published 23 Jun, 2014 12:00am

Deutsche Bank appoints new head of regulatory affairs

Deutsche Bank has named Sylvie Matherat, a former top official of the Bank of France, to head its global regulatory affairs department, as Germany's biggest lender navigates an array of legal and regulatory probes. Matherat will be the first woman to join

Published 23 Jun, 2014 12:00am

Profit growth at China's state firms jumps in 2014

Annual profit growth at China's state firms quickened in the first five months of 2014, official data showed on June 19, indicating the world's second-largest economy may be stabilising after a weak start to the year. State-owned, non-financial companies

Published 23 Jun, 2014 12:00am

H&M quarterly profits soar on 'strong' sales

Swedish fashion giant H&M on June 18 said profits soared in the second quarter as it continued a major global expansion, and announced it would launch a broader footwear range later this year. Net profit in the second quarter rose 25 percent from the Marc

Published 23 Jun, 2014 12:00am

H&M quarterly profits soar on 'strong' sales

Published 23 Jun, 2014 12:00am

CEOs pay up 10-fold since 1978: report

Pay for chief executives of US companies has soared nearly 10-fold over the last 35 years to an average of $15.2 million in 2013, according to a study released on June 19. Total compensation, including bonuses and stock options, jumped 937 percent since 1

Published 23 Jun, 2014 12:00am

BMW plans multi-million euro annual cost cuts

German luxury auto maker BMW on June 18 said it plans to save several hundred million euros in annual costs to offset higher expenses for investments to meet tougher emissions standards and develop new electric and hybrid cars.

Published 23 Jun, 2014 12:00am

Asia's wealth spurs competition for private bankers: Citi

Asia is the most competitive region in the world for bankers catering to the very rich, but also presents great opportunities for private bankers, the head of Citigroup Inc's private bank said. "We are very focused on covering places like China, India and

Published 23 Jun, 2014 12:00am

Audi draws up plans for range of electric cars

Audi has drawn up blueprints for a range of high-performance electric cars to help it take on its German rivals and US firm Tesla Motors if the market picks up, according to sources at the carmaker. Consumers have largely shunned battery-powered vehicles

Published 23 Jun, 2014 12:00am

Reliance announces $30 billion investment

India's largest private company, Reliance Industries, said on June 18 it will invest $30 billion over three years to finish projects across its sprawling businesses. Chairman Mukesh Ambani, India's richest man, also said the energy giant would start offer

Published 23 Jun, 2014 12:00am

Jayawardene stands firm after Moeen Ali double

Mahela Jayawardene steered Sri Lanka to a lead of more than a hundred runs in the second Test at Headingley after Moeen Ali proved an unlikely bowling hero for England. Sri Lanka were 214 for four in their second innings at stumps on Sunday's third day, a

Published 23 Jun, 2014 12:00am

Lomachenko grabs world title

Two-time Olympic boxing gold medalist Vasyl Lomachenko won a world title in just his third pro fight on Saturday with an impressive majority decision over Gary Russell.

Published 23 Jun, 2014 12:00am

Messi goal goes viral, Maradona mad with Argentina

Lionel Messi's injury time goal against Iran set off a social media eruption, but could not stop a torrent of criticism falling on Argentina on Sunday. Argentine striker Messi's brilliant curling shot inspired 256,0246 Twitter comments a minute, one of th

Published 23 Jun, 2014 12:00am

Australian diplomat hopes to bring cricketers to Pakistan

Canberra's top diplomat in Pakistan has said he hoped to bring some Australian players to the country to help revive international cricket five years after militants attacked a visiting team. Pakistan has been forced to play its home fixtures on neutral s

Published 23 Jun, 2014 12:00am

Bosnia out as Nigeria end win drought

Bosnia-Hercegovina's maiden appearance at a World Cup finals ended in disappointment as Peter Odemwingie's goal condemned them to a 1-0 defeat by African champions Nigeria in Cuiaba and ensured they could not qualify for the second round. Nigeria's win, t

Published 23 Jun, 2014 12:00am

Van Gaal accuses FIFA of schedule 'tricks'

Netherlands coach Louis van Gaal Sunday accused FIFA of playing "tricks" with the World Cup schedule and said it had given an edge to hosts Brazil. Van Gaal called it "ridiculous" that Brazil, who had their two previous Group A games before the Netherland

Published 23 Jun, 2014 12:00am

Denmark's Jorgensen wins first Indonesia Open

Denmark's Jan O. Jorgensen won his first ever Indonesia Open badminton title on Sunday, defeating Japan's Kenichi Tago in a closely-fought battle that came down to composure and confidence. In an emotional victory, Jorgensen sank to the floor and cried af

Published 23 Jun, 2014 12:00am

Williamson reported for suspect action

New Zealand part-time spinner Kane Williamson has been reported for a suspected illegal bowling action and ordered by the International Cricket Council to undergo official scrutiny within 21 days. Williamson was reported following New Zealand's 10-wicket

Published 23 Jun, 2014 12:00am

Iran bans female fans from volleyball games

Female fans and even women journalists will not be allowed to attend a World League volleyball match between Iran and Italy in Tehran Sunday, the official IRNA news agency reported. Women were reportedly turned away from the Azadi Stadium when Iran played

Published 23 Jun, 2014 12:00am

Klose equals record, Argentina advance

Miroslav Klose hit a World Cup record-equalling 15th goal as Germany fought back to claim a 2-2 draw with Ghana on Saturday. In other matches, Argentina booked their place in the last 16 after Lionel Messi's injury-time winner against Iran, while Bosnia w

Published 23 Jun, 2014 12:00am

Small farms making big impact in US agriculture

As a teenager, Danelle Myer wanted nothing more than to leave her family's farm in Iowa and become a big-city advertising executive. Now, the 42-year-old juggles orders for cabbage and deals with hail damage on her patch of land.

Published 23 Jun, 2014 12:00am

Russian Arctic: a new promised land for oil giants

Tens of degrees below zero during winter and home to endangered species and remote infrastructure - welcome to the Russian Arctic, a new promised land for oil companies despite clear obstacles. "The Arctic is one of the world's largest remaining regions o

Published 23 Jun, 2014 12:00am

China's wealth management products total $2.1 trillion

China's wealth management products totalled 12.8 trillion yuan ($2.06 trillion) as of the end of May, state media said, quoting the vice central bank head. China's market of wealth management products had grown at a rate of between 60 and 80 percent annua

Published 23 Jun, 2014 12:00am

Oman scraps price controls for most goods

Oman has scrapped price controls for all but 23 basic products, prompting rare public criticism of government policy, after companies demanded freer markets. Economists said the move was unlikely to have a major impact on inflation.

Published 23 Jun, 2014 12:00am

ECB likely to keep rates low until 2016: Nowotny

The European Central Bank is unlikely to raise interest rates from record lows until 2016 when the euro zone economy starts to pick up more strongly, ECB Governing Council member Ewald Nowotny said in a newspaper interview. "Interest rates will turn as so

Published 23 Jun, 2014 12:00am

ECB warns against relaxing Stability Pact

A European Central Bank executive warned against proposals by centre-left leaders in Europe to relax EU public deficit rules, in comments published in a German newspaper Sunday. "The Stability and Growth Pact should not be relaxed to the point where it lo

Published 23 Jun, 2014 12:00am

Saudi's Almarai, Pepsico to invest at least $345 million in Egypt

Saudi Arabia's Almarai, the Gulf's biggest dairy company, and US soft drinks giant PepsiCo will invest at least $345 million in Egypt over the next five years, the Saudi firm said on Sunday.

Published 23 Jun, 2014 12:00am

Morrisons to cut prices on 135 products

Morrisons, Britain's No 4 grocer, has fired the latest salvo in a growing price battle with rivals, launching another round of cuts on 135 basic products. The firm, which trails market leader Tesco, Wal-Mart's Asda and Sainsbury's, issued a profit warning

Published 23 Jun, 2014 12:00am

Bahri plans long-term financing

National Shipping Co of Saudi Arabia (Bahri) plans to arrange long-term Shariah-compliant financing in the next year to replace a bridge loan backing its $1.3 billion acquisition of Saudi Aramco's marine unit, it said on Sunday. The purchase of Vela, firs

Published 23 Jun, 2014 12:00am

Containers filled with Swiss bank data seized

German customs officials have seized two containers filled with account details from a Swiss private bank's subsidiary in the Cayman Islands, a news report said Sunday. The over 1,000 cartons packed with 14,000 files seized from a ship in Hamburg harbour

Published 23 Jun, 2014 12:00am

Argentina makes debt case in US newspapers

Argentina on Sunday took its battle against paying hedge fund investors in its defaulted bonds to the US media, placing adverts in major newspapers demanding US courts help foster "fair and balanced" negotiations. The full-page ad - which appeared in The

Published 23 Jun, 2014 12:00am

Argentina makes debt case in US newspapers

Published 23 Jun, 2014 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 4	277.97
USD PKR Interbank Buying / Dec 4	277.77
USD to Japanese Yen / Dec 4	150.37
USD to Swiss Franc / Dec 4	0.89
Pound Sterling to USD / Dec 4	1.27
Euro to USD / Dec 4	1.05

Stock	Volume
S&P 500 / Dec 3	6,049.87
Nasdaq / Dec 3	19,480.91
Dow Jones / Dec 3	44,705.53
India Sensex / Dec 4	80,956.33
Tokyo Nikkei / Dec 4	39,276.39
Hang Seng / Dec 4	19,742.46
FTSE 100 / Dec 4	8,328.12
Germany DAX 30 / Dec 4	20,195.75

Item	Value
Karachi Cotton PKR/37.32 KG / Dec 3	17,685
Crude Oil USD/Barrel / Dec 4	70.17
Gold 10 Grams PKR / Dec 4	235,940
Gold Spot USD/Ounce / Dec 4	2,644.45
Cotton US¢/pound / Dec 4	71.11
Petrol/Litre / Dec 5	252.10

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Dec 5 786 Investments Limited(786)	7.17 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Dec 5 Al-Abbas Sugar Mills Limited(AABS)	639.72 ▼ 0.00 (0.00%)
Agro Allianz / Dec 5 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Dec 5 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Dec 5 Ali Asghar Textile Mills Limited(AATM)	64.26 ▼ 0.00 (0.00%)
Allied Bank / Dec 5 Allied Bank Limited(ABL)	151.49 ▼ 0.00 (0.00%)
Abbott Lab. / Dec 5 Abbott Laboratories (Pakistan) Limited(ABOT)	1,117.32 ▼ 0.00 (0.00%)
Abson Ind. / Dec 5 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Dec 5 Alfalah Consumer Index ETF.(ACIETF)	13.57 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Dec 5 786 Investments Limited(786)	7.17 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Dec 5 Al-Abbas Sugar Mills Limited(AABS)	639.72 ▲ 0.00 (0.00%)
Agro Allianz / Dec 5 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Dec 5 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Dec 5 Ali Asghar Textile Mills Limited(AATM)	64.26 ▲ 0.00 (0.00%)
Allied Bank / Dec 5 Allied Bank Limited(ABL)	151.49 ▲ 0.00 (0.00%)
Abbott Lab. / Dec 5 Abbott Laboratories (Pakistan) Limited(ABOT)	1,117.32 ▲ 0.00 (0.00%)
Abson Ind. / Dec 5 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Dec 5 Alfalah Consumer Index ETF.(ACIETF)	13.57 ▲ 0.00 (0.00%)

Stock	Volume
WorldCall Telecom / Dec 5 Worldcall Telecom Limited(WTL)	257,531,069 ▲ 0.00
Cnergyico PK / Dec 5 Cnergyico PK Limited(CNERGY)	213,200,271 ▲ 0.00
Pak Int.Bulk / Dec 5 Pakistan International Bulk Terminal(PIBTL)	89,650,764 ▲ 0.00
Pak Elektron / Dec 5 Pak Elektron Limited(PAEL)	75,744,156 ▲ 0.00
Power Cement / Dec 5 Power Cement Limited(POWER)	69,203,491 ▲ 0.00
Pak Refinery / Dec 5 Pakistan Refinery Limited(PRL)	58,983,939 ▲ 0.00
Sui South Gas / Dec 5 Sui Southern Gas Company Limited(SSGC)	37,808,495 ▲ 0.00
Symmetry Group / Dec 5 Symmetry Group Limited(SYM)	34,391,285 ▲ 0.00
TPL Properties / Dec 5 TPL Properties Limited(TPLP)	33,952,255 ▲ 0.00

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