News Archives for Print - 2014-07-20

HIGHLIGHTS: SBP policy

4.1pc GDP growth at lower than 4.4pc target

Published 20 Jul, 2014 12:00am

Malaysian online payment company MOL Global files for US IPO

Online payment company MOL Global Inc, majority-owned by Malaysian billionaire Vincent Tan, filed with US regulators on Monday to raise about $300 million in an initial public offering of American Depository Shares. Also known as Money Online, MOL is expa

Published 20 Jul, 2014 12:00am

MV Agusta owner eyes float of up to 30 percent stake

The majority owner of MV Agusta, Italy's Castiglioni family, is looking to float up to 30 percent of the Italian motorcycle maker on the stock exchange, German daily Boersen-Zeitung reported on Thursday, citing financial sources in Milan. It also said tha

Published 20 Jul, 2014 12:00am

MV Agusta owner eyes float of up to 30 percent stake

The majority owner of MV Agusta, Italy's Castiglioni family, is looking to float up to 30 percent of the Italian motorcycle maker on the stock exchange, German daily Boersen-Zeitung reported on Thursday, citing financial sources in Milan. It also said tha

Published 20 Jul, 2014 12:00am

South Africa kickstarts maritime leg of development plan

South African President Jacob Zuma promised Saturday to help ramp up investment in the country's maritime industries as part of an ambitious plan to boost economic growth and cut unemployment. "The vast ocean space is relatively unexplored in terms of its

Published 20 Jul, 2014 12:00am

Panama regulators take over Espirito Santo unit

Panamanian banking supervisors said on Friday they had taken control of ES Bank SA, a small unit of Portugal's Espirito Santo, which is facing intense scrutiny from investors and regulators over revelations of irregularities at related companies. Banco Es

Published 20 Jul, 2014 12:00am

Panama regulators take over Espirito Santo unit

Panamanian banking supervisors said on Friday they had taken control of ES Bank SA, a small unit of Portugal's Espirito Santo, which is facing intense scrutiny from investors and regulators over revelations of irregularities at related companies. Banco Es

Published 20 Jul, 2014 12:00am

UK first-time buyers reach highest level since 2007

The number of first-time homebuyers in Britain hit its highest level since the start of the financial crisis in the first half of 2014, helped by the recovering economy and policies such as Help to Buy, a survey showed on Saturday. First-time buyers accou

Published 20 Jul, 2014 12:00am

Switzerland's Swatch to open stores in India

Swatch has applied to set up stores in India, a report said Saturday, as the Swiss-based watchmaker moves to tap a growing and increasingly accessory-conscious consumer class. Swatch, with $10 billion in annual sales, has made a formal proposal to the com

Published 20 Jul, 2014 12:00am

Stanford's Ponzi victims cannot file compensation claims

A US appeals court dealt a blow to the victims of financier Allen Stanford's Ponzi scheme on Friday, ruling that they were not eligible under federal law to file claims seeking compensation for their losses. The decision by the US Court of Appeals for the

Published 20 Jul, 2014 12:00am

Reliance profit beats estimates

Indian energy conglomerate Reliance Industries Ltd's quarterly net profit topped market expectations, bolstered by strong revenue growth in its oil and gas business and higher margins in its core refining business. Reliance, which operates the world's big

Published 20 Jul, 2014 12:00am

Reliance profit beats estimates

Indian energy conglomerate Reliance Industries Ltd's quarterly net profit topped market expectations, bolstered by strong revenue growth in its oil and gas business and higher margins in its core refining business. Reliance, which operates the world's big

Published 20 Jul, 2014 12:00am

China's Xi hails 'new horizons' in ties with Argentina

Relations between Argentina and China are poised to reach unprecedented "new horizons," visiting Chinese President Xi Jinping said Saturday, addressing lawmakers in Buenos Aires during his summit visit here. Xi is on a Latin American charm offensive to se

Published 20 Jul, 2014 12:00am

Italy's Prime Minister kicks off Africa tour in Mozambique

Italian Prime Minister Matteo Renzi became the first Italian head of government to visit Mozambique on Saturday at the start of an African tour aimed at bolstering trade ties with the continent. During a champagne lunch with President Armando Guebuza, Ren

Published 20 Jul, 2014 12:00am

GM admits more problems with mislabelling of ignition switch parts

General Motors Co in 2003 and 2004 made changes to redesigned ignition switch parts on four models but did not ensure that older, potentially faulty parts were taken out of circulation, the automaker said in a filing with US safety regulators made public

Published 20 Jul, 2014 12:00am

Roche CEO plans to steer clear of big acquisitions

Roche plans to steer clear of the wave of big takeovers sweeping through the healthcare industry and focus instead on small acquisitions and partnerships, the Swiss drugmaker's chief executive said in an interview published on Saturday. "We're sticking to

Published 20 Jul, 2014 12:00am

Japan will offer about $20,000 subsidy for fuel-cell cars

Japan will offer at least 2 million yen ($19,700) in subsidies for fuel-cell vehicles, Prime Minister Shinzo Abe said according to media, as the government and Japanese carmakers including Toyota Motor Corp join forces to speed up the introduction the veh

Published 20 Jul, 2014 12:00am

EU wheat futures fall as Ukraine jitters ease

European wheat futures fell on Friday as market attention switched from the possible repercussions of the plane crash in Ukraine to advancing harvests in Europe and the United States. Paris futures gave up most of their gains from Thursday when wheat rall

Published 20 Jul, 2014 12:00am

US FOB Gulf soyabean offers jump on demand

US FOB Gulf soyabean basis offers jumped to the highest levels in nearly five years on Friday on strong demand for new-crop supplies and tight autumn export capacity, traders said. Premiums for loadings in September increased by about 20 cents to $2 per b

Published 20 Jul, 2014 12:00am

US Midwest corn bids steady to mixed

Spot corn basis bids were steady to narrowly mixed around the US Midwest on Friday as weak Chicago Board of Trade corn futures kept farmers from selling crop supplies, dealers aid. Corn bids for shipment by railroad to Texas, mainly to cattle feedlot area

Published 20 Jul, 2014 12:00am

US natural gas futures unchanged

US natural gas futures ended virtually unchanged on Friday after a selloff the previous day, but traders said they expected more price declines in the coming week if mild weather and heavy stockpile builds continued. Futures closed below $4 per million Br

Published 20 Jul, 2014 12:00am

Indian soyaoil, soyabean futures rise on global cues

Indian soyaoil and soyabean futures rose on Friday, in line with global markets and also on concerns about delayed sowing of soyabeans in the central India due to subdued rainfall. Malaysian palm oil edged higher on Friday after sliding to its lowest sinc

Published 20 Jul, 2014 12:00am

Canadian canola futures fall

ICE Canadian canola futures fell 1.6 percent on Friday after four days of gains on spillover weakness from European rapeseed and US soybean markets. Funds added an estimated 2,000 contracts to their net short position in the November canola contract, now

Published 20 Jul, 2014 12:00am

Indonesia resumes exports of metal ore

Indonesia has resumed exports of metal ore concentrates, a mining ministry official said, ending a six-month stoppage resulting from a new policy to improve returns on resources shipped out of south-east Asia's largest economy. Indonesia in January banned

Published 20 Jul, 2014 12:00am

EU sunoil on European vegoils market firmer

EU sunoil on the European vegetable oils market firmed on Friday as dealers covered deferred positions in case the Ukraine plane crash led to more turmoil in the country and a possible disruption to sunflower seed and products shipments. "Ukraine is an im

Published 20 Jul, 2014 12:00am

Iraq buys 100,000 tonnes of hard wheat

Iraq's state grains board has purchased 100,000 tonnes of hard wheat to be sourced from Russia and Canada in a tender for at least 50,000 tonnes which closed this week, European traders said on Friday. Some 50,000 tonnes of Russian wheat was purchased at

Published 20 Jul, 2014 12:00am

Selective buying on grain market

Selective buying by buyers was seen on the wholesale grain market on Saturday in the process of trading, dealers said. On the cereals side, Moong Punjab lost Rs 500 to Rs 8750, other items maintained overnight levels, they said. On the rice sector, Irri-6

Published 20 Jul, 2014 12:00am

CBOT wheat futures fall

Wheat futures on the Chicago Board of Trade fell more than 3 percent on Friday, giving back gains posted a day earlier following the downing of a commercial airliner over eastern Ukraine, traders said. Investors were worried an escalation of the conflict

Published 20 Jul, 2014 12:00am

Indian tea prices drop

Average tea prices in India, the world's second-biggest producer, dropped at this week's auction on lower supply of quality leaf and a slight drop in demand from exporters. The CTC (crush-tear-curl) grade leaf was sold at 177.51 rupees per kg, down 5.3 pe

Published 20 Jul, 2014 12:00am

US Plains HRW wheat bids steady

Hard red winter wheat spot basis bids in the US Plains were steady on Friday, merchants said. As harvesting of the new HRW wheat crop moves northward, yields are improving, according to wheat experts. Protein premiums for railcar wheat to and through Kans

Published 20 Jul, 2014 12:00am

Cotton market: prices up on mills' buying spree

A kind of firmness persisted on the cotton market on Saturday as a result of improved demand by mills ahead of Eid-ul-Fitr holidays, dealers said. The official spot rate was higher by Rs 50 to Rs 6,150, they added. The prices of seed cotton in Sindh were

Published 20 Jul, 2014 12:00am

Oil cake market rates

Mixed pattern was seen on the forward cottonseeds oilcake market on Saturday in the process of trading, dealers said. The July contract closed at Rs 1858.80 and it opened with 30 paisa fall at Rs 1858.50 in the early session, they said. The July vaida end

Published 20 Jul, 2014 12:00am

China's iron ore futures fall nearly 4 percent

China's iron ore futures fell nearly 4 percent to hit their daily floor on Friday, pressured anew by plentiful supply of the raw material as steel producers kept unloading excess cargoes back into the market. Prices touched seven-week highs earlier this w

Published 20 Jul, 2014 12:00am

Europe's cocoa market remains restrained

Trade in Europe's cash cocoa market remained restrained this week as industry hoped cocoa futures will continue their drift down from around three-year highs touched in early July, traders said on Friday. "Futures dipped this week but it was not enough to

Published 20 Jul, 2014 12:00am

Low corn prices favour new type of ethanol in Brazil

Low corn prices in Brazil following a bumper crop are worrying farmers but providing favourable margins for an incipient corn-ethanol industry, said the manager of Usimat, the first Brazilian mill to produce the corn-based biofuel. Usimat, located in a re

Published 20 Jul, 2014 12:00am

Aaj TV - Sunday's schedule

All timings are in PST (Pakistan Standard Time).

Published 20 Jul, 2014 12:00am

Open market rates of foreign currencies

Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Saturday (July 19, 2014).

Published 20 Jul, 2014 12:00am

Currency values in terms of Special Drawing Rights

The International Monetary Fund (IMF), treasuries' department's currency values in terms of Special Drawing Rights (SDR).

Published 20 Jul, 2014 12:00am

World currencies and dollar

Value of the dollar in terms of other world currencies as prevailing in the week ended Saturday (July 19, 2014).

Published 20 Jul, 2014 12:00am

Member to Member

The following transactions member to member subsequently reported on Saturday (July 19, 2014).

Published 20 Jul, 2014 12:00am

Cross Transactions between Client to Client & Financial Institutions

The following were the cross transactions between client to client & financial institutions here on Saturday (July 19, 2014).

Published 20 Jul, 2014 12:00am

THE RUPEE: firm trend

The rupee managed to hold its commanding position against the dollar on the money market at the week-end, dealers said. The rupee stayed put in terms of dollar for buying and selling at Rs 98.80 and Rs 99.00 respectively. It recovered its overnight gains

Published 20 Jul, 2014 12:00am

THE RUPEE: firm trend

The rupee managed to hold its commanding position against the dollar on the money market at the week-end, dealers said. The rupee stayed put in terms of dollar for buying and selling at Rs 98.80 and Rs 99.00 respectively. It recovered its overnight gains

Published 20 Jul, 2014 12:00am

Kerb buying and selling rate of US dollar

Dollar buying and selling rate in the kerb market in rupees on Saturday (July 19, 2014).

Published 20 Jul, 2014 12:00am

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (July 19, 2014).

Published 20 Jul, 2014 12:00am

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (July 19, 2014).

Published 20 Jul, 2014 12:00am

Automart: car prices in Karachi

The prices of different makes and models of cars prevailing in Karachi in the week ended Saturday (July 19, 2014).

Published 20 Jul, 2014 12:00am

Grain market rates

Karachi grain market rates in rupees on Saturday (July 19, 2014).

Published 20 Jul, 2014 12:00am

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Saturday (July 19, 2014).

Published 20 Jul, 2014 12:00am

Lahore Paper Market Rates

Paper market rates in rupees on Saturday (July 19, 2014).

Published 20 Jul, 2014 12:00am

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Saturday (July 19, 2014).

Published 20 Jul, 2014 12:00am

Yarn Prices

Faisalabad yarn and fibre prices

Cotton yarn rates in rupees per 10 Lbs on Saturday (July 19, 2014).

Published 20 Jul, 2014 12:00am

Yarn Prices

Faisalabad yarn and fibre prices

Cotton yarn rates in rupees per 10 Lbs on Saturday (July 19, 2014).

Published 20 Jul, 2014 12:00am

Yarn Prices

Karachi Yarn Market Rate

Karachi Yarn Market Rates on Saturday (July 19, 2014).

Published 20 Jul, 2014 12:00am

Yarn Prices

Karachi Yarn Market Rate

Karachi Yarn Market Rates on Saturday (July 19, 2014).

Published 20 Jul, 2014 12:00am

Poultry Rates

Wholesale poultry rates on Saturday (July 19, 2014) and for Sunday (July 20, 2014).

Published 20 Jul, 2014 12:00am

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (July 19, 2014).

Published 20 Jul, 2014 12:00am

SBP leaves policy rate unchanged at 10 percent

Despite the fact that most economic indicators show an improvement the State Bank of Pakistan decided not to change its policy rate (10 percent) because of a mild up-tick in the inflation rate, weak growth in deposits and the real interest rate being nega

Published 20 Jul, 2014 12:00am

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (July 19, 2014).

Published 20 Jul, 2014 12:00am

SBP leaves policy rate unchanged at 10 percent

Despite the fact that most economic indicators show an improvement the State Bank of Pakistan decided not to change its policy rate (10 percent) because of a mild up-tick in the inflation rate, weak growth in deposits and the real interest rate being nega

Published 20 Jul, 2014 12:00am

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (July 19, 2014).

Published 20 Jul, 2014 12:00am

SBP leaves policy rate unchanged at 10 percent

Despite the fact that most economic indicators show an improvement the State Bank of Pakistan decided not to change its policy rate (10 percent) because of a mild up-tick in the inflation rate, weak growth in deposits and the real interest rate being nega

Published 20 Jul, 2014 12:00am

The Weather

The weather report on Saturday (July 19, 2014) and the forecast for Sunday (July 20, 2014).

Published 20 Jul, 2014 12:00am

SBP leaves policy rate unchanged at 10 percent

Despite the fact that most economic indicators show an improvement the State Bank of Pakistan decided not to change its policy rate (10 percent) because of a mild up-tick in the inflation rate, weak growth in deposits and the real interest rate being nega

Published 20 Jul, 2014 12:00am

Your rupee last half year

Following currency fluctuations took place in foreign exchange rates during the last half year. (January 2 to June 30, 2014).

Published 20 Jul, 2014 12:00am

India clears defence procurement worth $3.5 billion

India's new Hindu nationalist government cleared Saturday proposals worth nearly $3.5 billion to modernise the nation's ageing Soviet-era military hardware and boost its domestic defence industry, a report said. The move underscored the desire of the gove

Published 20 Jul, 2014 12:00am

Switzerland tops innovation rankings for fourth year

Switzerland has claimed the top spot on the Global Innovation Index for the fourth-straight year while Sub-Saharan Africa "posted significant regional improvement". The annual rankings, which this year focused on the role people play in the innovation pro

Published 20 Jul, 2014 12:00am

2013 elections: massive irregularities committed: Fafen

Massive irregularities were committed in the 2013 general elections ranging from vote counting processes to result documentation and dissemination, largely due to negligence of the presiding officers. A report compiled by the Free and Fair Election Networ

Published 20 Jul, 2014 12:00am

2013 elections: massive irregularities committed: Fafen

Massive irregularities were committed in the 2013 general elections ranging from vote counting processes to result documentation and dissemination, largely due to negligence of the presiding officers. A report compiled by the Free and Fair Election Networ

Published 20 Jul, 2014 12:00am

Italian, Maltese rescuers say 19 dead on migrant boat

Italian and Maltese rescuers found 18 bodies on an overcrowded migrant boat on Saturday and another person died while being evacuated - all apparently killed in the hold by toxic fumes from the engine, officials said. The boat, with between 400 and 600 pe

Published 20 Jul, 2014 12:00am

Italian, Maltese rescuers say 19 dead on migrant boat

Italian and Maltese rescuers found 18 bodies on an overcrowded migrant boat on Saturday and another person died while being evacuated - all apparently killed in the hold by toxic fumes from the engine, officials said. The boat, with between 400 and 600 pe

Published 20 Jul, 2014 12:00am

Ukraine, rebels argue over wreckage; Germany says Putin has 'last chance'

Ukraine accused Russia and pro-Moscow rebels on Saturday of destroying evidence of "international crimes" as guerrillas and foreign observers faced off over access to the wreckage of the downed Malaysian airliner. As Kiev raised the stakes by saying it ha

Published 20 Jul, 2014 12:00am

Ukraine, rebels argue over wreckage; Germany says Putin has 'last chance'

Ukraine accused Russia and pro-Moscow rebels on Saturday of destroying evidence of "international crimes" as guerrillas and foreign observers faced off over access to the wreckage of the downed Malaysian airliner. As Kiev raised the stakes by saying it ha

Published 20 Jul, 2014 12:00am

Madoff associates should get ''significant'' time

Five former employees of disgraced investment manager Bernard Madoff should be sentenced to "significant" prison sentences of up to 20 years or more, prosecutors said in a court filing on Friday. "The five defendants here, along with others, were the peop

Published 20 Jul, 2014 12:00am

Madoff associates should get 'significant' time

Five former employees of disgraced investment manager Bernard Madoff should be sentenced to "significant" prison sentences of up to 20 years or more, prosecutors said in a court filing on Friday. "The five defendants here, along with others, were the peop

Published 20 Jul, 2014 12:00am

Madoff associates should get 'significant' time

Five former employees of disgraced investment manager Bernard Madoff should be sentenced to "significant" prison sentences of up to 20 years or more, prosecutors said in a court filing on Friday. "The five defendants here, along with others, were the peop

Published 20 Jul, 2014 12:00am

Russia blacklists US soldiers for Guantanamo 'torture'

Russia on Saturday banned entry to 12 US soldiers and officials including the military commander at Guantanamo, accusing them of torture, in an apparent tit-for-tat response to new sanctions by Washington. Included on the list published by the Russian for

Published 20 Jul, 2014 12:00am

Russia blacklists US soldiers for Guantanamo 'torture'

Russia on Saturday banned entry to 12 US soldiers and officials including the military commander at Guantanamo, accusing them of torture, in an apparent tit-for-tat response to new sanctions by Washington. Included on the list published by the Russian for

Published 20 Jul, 2014 12:00am

Hajj quota case: Supreme Court to hear federation's appeal

Supreme Court will hear from July 21 (tomorrow) the federation's appeal filed against Lahore High Court verdict in the Hajj quota allocation case. On July 15, a single-member Lahore High Court bench of Justice Muhammad Khalid Mehmood Khan ruled that the H

Published 20 Jul, 2014 12:00am

Hajj quota case: Supreme Court to hear federation's appeal

Supreme Court will hear from July 21 (tomorrow) the federation's appeal filed against Lahore High Court verdict in the Hajj quota allocation case. On July 15, a single-member Lahore High Court bench of Justice Muhammad Khalid Mehmood Khan ruled that the H

Published 20 Jul, 2014 12:00am

G20 trade ministers reaffirm growth commitments

G20 trade ministers reaffirmed Saturday their commitment to free trade as a central driver of growth and to streamline the flow of goods through borders. The ministers met in Sydney for the latest round of talks among the world''s leading economies, with

Published 20 Jul, 2014 12:00am

G20 trade ministers reaffirm growth commitments

G20 trade ministers reaffirmed Saturday their commitment to free trade as a central driver of growth and to streamline the flow of goods through borders. The ministers met in Sydney for the latest round of talks among the world's leading economies, with A

Published 20 Jul, 2014 12:00am

G20 trade ministers reaffirm growth commitments

G20 trade ministers reaffirmed Saturday their commitment to free trade as a central driver of growth and to streamline the flow of goods through borders. The ministers met in Sydney for the latest round of talks among the world's leading economies, with A

Published 20 Jul, 2014 12:00am

Finance minister reviews trade-related issues with Saarc countries

Finance Minister Senator Ishaq Dar chaired a meeting to review trade-related issues with Saarc countries here on Saturday. Commerce Minister Khurram Dastgir Khan briefed the participants of the meeting on the status of trade relations of Pakistan with the

Published 20 Jul, 2014 12:00am

Finance minister reviews trade-related issues with Saarc countries

Finance Minister Senator Ishaq Dar chaired a meeting to review trade-related issues with Saarc countries here on Saturday. Commerce Minister Khurram Dastgir Khan briefed the participants of the meeting on the status of trade relations of Pakistan with the

Published 20 Jul, 2014 12:00am

Finance minister reviews trade-related issues with Saarc countries

Finance Minister Senator Ishaq Dar chaired a meeting to review trade-related issues with Saarc countries here on Saturday. Commerce Minister Khurram Dastgir Khan briefed the participants of the meeting on the status of trade relations of Pakistan with the

Published 20 Jul, 2014 12:00am

Understanding on trade liberalisation: government seeks to know whether India still stands by it

The government has decided to seek Narendra Modi-led Indian government''s opinion formally on whether New Delhi still stands by the understanding reached in March 2014 between the two countries on trade liberalisation or to the December 2012 pact agreed w

Published 20 Jul, 2014 12:00am

Understanding on trade liberalisation: government seeks to know whether India still stands by it

The government has decided to seek Narendra Modi-led Indian government's opinion formally on whether New Delhi still stands by the understanding reached in March 2014 between the two countries on trade liberalisation or to the December 2012 pact agreed wi

Published 20 Jul, 2014 12:00am

Understanding on trade liberalisation: government seeks to know whether India still stands by it

The government has decided to seek Narendra Modi-led Indian government's opinion formally on whether New Delhi still stands by the understanding reached in March 2014 between the two countries on trade liberalisation or to the December 2012 pact agreed wi

Published 20 Jul, 2014 12:00am

Five car bombs in Baghdad kill 26

Five car bombs killed 26 people in mostly Shia neighbourhoods in Baghdad on Saturday, police and medics said. The first explosion, a suicide car bombing, killed seven people at a police checkpoint in the Abu Dsheer district in the south of the capital, th

Published 20 Jul, 2014 12:00am

Five car bombs in Baghdad kill 26

Five car bombs killed 26 people in mostly Shia neighbourhoods in Baghdad on Saturday, police and medics said. The first explosion, a suicide car bombing, killed seven people at a police checkpoint in the Abu Dsheer district in the south of the capital, th

Published 20 Jul, 2014 12:00am

FC man among three killed in Khuzdar blast

A bomb planted on a motorcycle exploded in Khuzdar here on Saturday, killing three people including a paramilitary soldier and wounding 16 others, officials said. The attack came when a patrolling vehicle of the paramilitary Frontier Corps (FC) was passin

Published 20 Jul, 2014 12:00am

FC man among three killed in Khuzdar blast

A bomb planted on a motorcycle exploded in Khuzdar here on Saturday, killing three people including a paramilitary soldier and wounding 16 others, officials said. The attack came when a patrolling vehicle of the paramilitary Frontier Corps (FC) was passin

Published 20 Jul, 2014 12:00am

US drone strike kills 11 Punjabi Taliban in Mada Khel

A US drone strike targeting a Pakistani Taliban compound on Saturday killed eleven insurgents in tribal region near the border with Afghanistan, officials said. The attack came in North Waziristan, where for the past month the military has been fighting t

Published 20 Jul, 2014 12:00am

US drone strike kills 11 Punjabi Taliban in Mada Khel

A US drone strike targeting a Pakistani Taliban compound on Saturday killed eleven insurgents in tribal region near the border with Afghanistan, officials said. The attack came in North Waziristan, where for the past month the military has been fighting t

Published 20 Jul, 2014 12:00am

Water, Power ministry: Dar upset at poor performance

Finance Minister Ishaq Dar has reportedly expressed displeasure over the poor performance of Ministry of Water and Power in terms of power sector recoveries and directed the Ministry to submit a detailed quantifying amount recovered and cases lodged durin

Published 20 Jul, 2014 12:00am

Water, Power ministry: Dar upset at poor performance

Finance Minister Ishaq Dar has reportedly expressed displeasure over the poor performance of Ministry of Water and Power in terms of power sector recoveries and directed the Ministry to submit a detailed quantifying amount recovered and cases lodged durin

Published 20 Jul, 2014 12:00am

Water, Power ministry: Dar upset at poor performance

Finance Minister Ishaq Dar has reportedly expressed displeasure over the poor performance of Ministry of Water and Power in terms of power sector recoveries and directed the Ministry to submit a detailed quantifying amount recovered and cases lodged durin

Published 20 Jul, 2014 12:00am

Country needs 6 percent GDP growth: SBP governor

Although, Pakistan's economy is gradually improving, it requires at least 6 percent GDP growth to accommodate population growth and create new job opportunities, said Ashraf Mehmood Wathra, governor State Bank of Pakistan (SBP). Addressing a press confere

Published 20 Jul, 2014 12:00am

Country needs 6 percent GDP growth: SBP governor

Although, Pakistan''s economy is gradually improving, it requires at least 6 percent GDP growth to accommodate population growth and create new job opportunities, said Ashraf Mehmood Wathra, governor State Bank of Pakistan (SBP). Addressing a press confer

Published 20 Jul, 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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