News Archives for Print - 2014-09-22

The Weather

The weather report on Sunday (September 21, 2014) and the forecast for Monday (September 22, 2014).

Published 22 Sep, 2014 12:00am

Returns on Profit and Loss Sharing Investment Bank Accounts (January to June 2014)

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

Published 22 Sep, 2014 12:00am

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (September 15 to 19, 2014).

Published 22 Sep, 2014 12:00am

Aaj TV - Monday's schedule

All timings are in PST (Pakistan Standard Time).

Published 22 Sep, 2014 12:00am

PTI, PAT sit-ins: Political Jirga discloses proposals to end impasse

The mediatory political Jirga tasked to facilitate an agreement between the government and the agitating parties to end the political impasse disclosed its proposals sent to Prime Minister Nawaz Sharif, PTI Chairman Imran Khan and PAT chief Tahirul Qadri

Published 22 Sep, 2014 12:00am

Imran accused of promoting politics of confrontation

Federal Minister for Information and Broadcasting Pervaiz Rasheed has alleged that Pakistan Tehreek-e-Insaf (PTI) chairman Imran Khan has encouraged politics of confrontation in the country and tried to divert attention of the nation from the flood affect

Published 22 Sep, 2014 12:00am

PPP to respond to Imran on October 18: Bilawal

Responding to Imran Khan's Karachi address, Pakistan People's Party Chairman Bilawal Bhutto Zardari said on Sunday that his party would respond to the PTI chairman's criticism on October 18 procession. His remarks came minutes after Imran Khan said that S

Published 22 Sep, 2014 12:00am

'Xi's visit postponement to cost people enormously'

The postponement of Chinese President's visit to Pakistan due to a situation created by twin sit-ins of Pakistan Tehreek-e-Insaf (PTI) and Pakistan Awami Tehreek (PAT) has delayed many ambitious plans of the country's development and prosperity, opined a

Published 22 Sep, 2014 12:00am

Government writ invisible, says Musharraf

All Pakistan Muslim League (APML) chief, former president General Pervez Musharraf (Retd) said on Sunday that the present government has been failed miserably and the government writ was invisible anywhere. Talking to the APML secretary general Dr Amjad,

Published 22 Sep, 2014 12:00am

Punjab Governor exposed government corruption: Imran

Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan has said that Governor Punjab Chaudhry Muhammad Sarwar has exposed the PML-N government corruption and wrongdoings. Addressing the PTI's sit-in on late Sunday night, Imran said: "Governor Punjab says that

Published 22 Sep, 2014 12:00am

'Daraz.pk aims to be Pakistan's Tmall,' Cofounder Muneeb Maayr

Muneeb Maayr is the co-founder of Daraz.pk at Rocket Internet. Muneeb Maayr is a graduate from the University of Virginia and a successful entrepreneur in his own right. Muneeb started his career as an investment banker in Bear Stearns but moved back to P

Published 22 Sep, 2014 12:00am

'Daraz.pk aims to be Pakistan's Tmall,' Cofounder Muneeb Maayr

Muneeb Maayr is the co-founder of Daraz.pk at Rocket Internet. Muneeb Maayr is a graduate from the University of Virginia and a successful entrepreneur in his own right. Muneeb started his career as an investment banker in Bear Stearns but moved back to P

Published 22 Sep, 2014 12:00am

'Open Sesame'

Apropos 'Alibaba surges in Wall Street debut' carried by Business Recorder on Saturday, the world seems to have been stunned by the market debut of this company - Alibaba. According to reports, by raising $25.02 billion, Chinese online giant Alibab

Published 22 Sep, 2014 12:00am

Jobless and poor, Ghana's youth turn to selling blood

To Ghana's legions of jobless young men, Eric Bimpong has a money-making proposition: sell your blood. Bimpong spends his days outside schools, bars and on the streets of poor neighbourhoods in Accra, scouring for teenagers and 20-somethings to give blood

Published 22 Sep, 2014 12:00am

Cash-strapped Europe looks to investment 'sleeping beauty'

With the eurozone's moribund economy once more sparking global fears, the region's cash-strapped leaders are now hoping the EU's investment bank can pull the bloc out of the doldrums. The OECD warned this past week the combination of feeble growth, high u

Published 22 Sep, 2014 12:00am

The Dar-Qadri duel

The Ministry of Finance issued a press release claiming that the charge levelled by Tahirul Qadri that the current government inherited 6.5 trillion rupee debt and raised it by an additional 5.5 trillion rupees is incorrect. Federal Finance Minister Ishaq

Published 22 Sep, 2014 12:00am

The stalemate persists...

The protest in Islamabad's Red Zone is expected to continue since the joint session of Parliament has failed to address or sort out the grievances of the protestors and has advised the Prime Minister exactly as per the Army Chief's advice against using fo

Published 22 Sep, 2014 12:00am

The visit of ADB President

The Federal Finance Minister Ishaq Dar's June invitation to the Asian Development Bank (ADB) President Nakao unfortunately materialised during the ongoing sit-ins in Islamabad. The scenario prompted the visitor to acknowledge that while he did not have an

Published 22 Sep, 2014 12:00am

Israel launches cyber defence authority

Israeli Prime Minister Benjamin Netanyahu launched a National Authority for Cyber Defence on Sunday to oversee the protection of both military and civilian systems. The announcement comes after Netanyahu accused regional foe Iran of launching repeated cyb

Published 22 Sep, 2014 12:00am

Ukraine says won't pull back troops without full cease-fire

Ukraine insisted Sunday it would not pull back its troops from the frontline until all sides cease fire under a peace plan aimed at ending five months of bloodshed in the rebel-held east. Kiev and pro-Russian insurgents are supposed to withdraw their forc

Published 22 Sep, 2014 12:00am

At least 10 dead in shipwreck off Libya

At least 10 migrants have died in a shipwreck off Libya and up to 35 more are missing, presumed drowned, Italian media reported on Sunday. In the latest tragedy to hit the Mediterranean sea, an overcrowded boat which was attempting the crossing from North

Published 22 Sep, 2014 12:00am

Putin, Abe discuss bilateral ties, Ukraine

Russian President Vladimir Putin and Japanese Prime Minster Shinzo Abe held telephone talks Sunday amid speculation about whether a visit by Putin will go ahead due to frictions over Ukraine. Local media reports say Putin's visit to Japan planned for this

Published 22 Sep, 2014 12:00am

Moscow marchers condemn Kremlin role in Ukraine war

Thousands of Russians on Sunday marched through Moscow to protest against the Kremlin's involvement in the Ukraine crisis, in the country's first major anti-war rally since fighting erupted in April. A huge column of protesters moved through the heart of

Published 22 Sep, 2014 12:00am

British parties squabble over fall-out from Scottish vote

Britain's main parties squabbled on Sunday over how to deliver reform after Scotland voted "No" to independence, after Prime Minister David Cameron insisted any new powers for the Scots must see similar autonomy for the English. The united front of the re

Published 22 Sep, 2014 12:00am

Thousands protest delays to tough new Spanish abortion law

Thousands of protesters took to the streets of Madrid on Sunday, accusing the government of betrayal amid reports lawmakers are poised to abandon plans for tough new abortion laws. "Yes to life, no to abortion", shouted demonstrators of all ages as they m

Published 22 Sep, 2014 12:00am

World greenhouse emissions threaten warming goal

Emissions of greenhouse gases are rising so fast that within one generation the world will have used up its margin of safety for limiting global warming to 2°C (3.6°F), an international team of scientists warned Sunday.

Published 22 Sep, 2014 12:00am

Tropical storm Fung-Wong lashes Taiwan, killing one

Tropical storm Fung-Wong on Sunday pounded Taiwan with torrential downpours and powerful winds, killing one person and forcing the cancellation of dozens of flights and ferry services. A 50-year-old drowned near his home in Peinan, a township in south-eas

Published 22 Sep, 2014 12:00am

US to deliver 10 Apache helicopters to Egypt: Pentagon

US Defence Secretary Chuck Hagel spoke with Egyptian Defence Minister Colonel General Sedki Sobhy on Saturday to confirm the United States plans to deliver 10 Apache helicopters to Egypt to support Cairo's counter-terrorism efforts, the Pentagon said. The

Published 22 Sep, 2014 12:00am

'Patrolling Officer to enforce traffic regulation without discrimination'

The Inspector General National Highways & Motorway Police Zulfiqar Ahmad Cheema said mostly heavy & PSVs vehicles were the major contributor in the lane violations and obstruction in the free flow of traffic on national highways. The patrolling officer wo

Published 22 Sep, 2014 12:00am

PCGA election: Ginners Group candidates elected unopposed

Haji Hafez Anwar, Ramesh Lal and Rao Sadaruddin have been elected unopposed as Chairman ,Senior Vice Chairman and Vice chairman (North zone) of Pakistan Cotton Ginners Association (PCGA) for the year 2014-15 as announced by the election commission of PCGA

Published 22 Sep, 2014 12:00am

Establishment of sports goods, leather, surgical instruments cities demanded

Local exporter community has appealed to the federal and provincial governments to set up "Sports goods, leather and surgical instruments" cities to facilitate the SMEs of this export-oriented city and hub of cottage industry of the country said Senior Vi

Published 22 Sep, 2014 12:00am

Increase in loadshedding duration for industries criticised

The business community of Southern Punjab has condemned the decision of Ministry of Water & Power to increase loadshedding from eight hours earlier to 10 hours a day for the Punjab industrial sector describing it unjust and detrimental to the industry. Pr

Published 22 Sep, 2014 12:00am

Southern Punjab: PCGA urges government to declare region a calamity-hit area

Pakistan Cotton Ginners Association's (PCGA) Vice Chairman Sheikh Aasim Saeed on Sunday demanded of the government to declare flood-affected region of Southern Punjab as calamity-hit area. He also demanded that all kinds of taxes and levies be waived to c

Published 22 Sep, 2014 12:00am

Flood-hit youth: Punjab government to provide job opportunities

Punjab Chief Minister, Muhammad Shahbaz Sharif has said that Punjab government has decided to provide job opportunities to the youth of flood affected areas at local level. He said that local youth will be included in the rehabilitation work of affected d

Published 22 Sep, 2014 12:00am

Fazal elected President SCCI unopposed

Fazal Jillani has been elected President of Sialkot Chamber of Commerce and Industry (SCCI) unanimously on Saturday evening. Similarly, Alamgir Meyer and Malik Naseer Ahmed had also been elected unopposed as Senior Vice President and Vice President of Sia

Published 22 Sep, 2014 12:00am

Increase in edible oil import bill burden on forex: PVMA

The three percent annual increase in edible oil consumption is a great burden on the country's foreign exchange, Atif Ikram Sheikh, newly-elected Chairman of Pakistan Vanaspati Manufacturers Association (PVMA), said on Sunday. In his first meeting with th

Published 22 Sep, 2014 12:00am

MCCI rejects SBP monetary policy stance

The Multan Chamber of Commerce and Industry (MCCI) has rejected the central bank's monetary policy stance of 'no change' in the discount rate, forecast more problems for businesses due to the ongoing political crisis and floods in the country.

Published 22 Sep, 2014 12:00am

Flood-hit victims: army sends five truckloads of relief goods

A consignment of five trucks containing 40 tons of relief goods which included ration, bedding, utensils, medicines and other essential commodities, was dispatched for the flood stricken people on Sunday. According to ISPR here, 29 relief collection point

Published 22 Sep, 2014 12:00am

Maple Leaf Cement wins 'Best Corporate Report Award'

Maple Leaf Cement Factory Limited won the 'Best Corporate Report Award' amongst all sectors of Pakistan and ranked number one position. Maple Leaf Cement is a part of Maple Leaf Group, which also comprises Kohinoor Textile Mills Limited.

Published 22 Sep, 2014 12:00am

PIA's pre-Hajj flight continues smoothly

PIA Pre-Hajj operation is continuing successfully with on time departures and arrivals. PIA has so far till 24th day (Sunday) has transported more than 35,000 intending pilgrims from Pakistan to Saudi Arabia through 86 Pre-Hajj flights and regular schedul

Published 22 Sep, 2014 12:00am

Democratic Pakistan vital for global peace: Bilawal

Pakistan People's Party Chairman Bilawal Bhutto Zardari said on Sunday that democratic Pakistan could play vital role in global peace. In his message on the occasion of International Day of Peace, Bilawal said all stakeholders must play role for strengthe

Published 22 Sep, 2014 12:00am

Scientists see risk of mutant airborne Ebola as remote

The Ebola virus raging through West Africa is mutating rapidly as it tears a deadly path through cities, towns and villages, but the genetic changes are for now not giving it the ability to spread more easily.

Published 22 Sep, 2014 12:00am

Asia's rising tobacco epidemic reflects neglect of no-smoking policies

Smoke-filled bars and packed cancer wards reflect decades of neglect of no-smoking policies in Asia, where both high- and low-income countries are belatedly waking up to a growing tobacco-related health epidemic.

Published 22 Sep, 2014 12:00am

Scientists unveil magnetic cure for bad blood

Scientists said they had invented a device that uses a magnet to extract bacteria, fungi and toxins from blood, potentially throwing a lifeline to patients with sepsis and other infections. The external gadget - tested so far in rats but not yet humans -

Published 22 Sep, 2014 12:00am

Urine test for cervical cancer virus offers alternative to smear

A simple urine test for the virus that causes cervical cancer could offer a less invasive and more acceptable alternative to the conventional cervical smear test, researchers said on September 16.

Published 22 Sep, 2014 12:00am

Rising sea levels to cost Australia billions

Rising sea levels could threaten infrastructure worth more than Aus$226 billion (US $205 billion) in Australia if climate change is left unchecked, a study warned on September 17. The Climate Council report said the most serious consequences of rising sea

Published 22 Sep, 2014 12:00am

Far more displaced by disasters than violent conflicts

Disasters last year displaced three times more people than violent conflicts, showing the urgent need to improve resilience for vulnerable people when fighting climate change, according to a study issued on September 17.

Published 22 Sep, 2014 12:00am

Keep your messages semi-secret

An ingenious new service from Germany enables you to keep addresses and other semi-private data hidden in plain sight online by converting the text to an image. Anyone who has done much online shopping or banking will have, at some point, encountered a ca

Published 22 Sep, 2014 12:00am

Online piracy thrives in Internet cloud: study

Online piracy of music, films and other content has moved to the Internet cloud, reaping big profits for digital thieves, according to a study released Thursday. The study identified 30 cloud-based "cyberlockers" which operate globally and are hosted in v

Published 22 Sep, 2014 12:00am

Amazon unveils new Fire tablets & Kindle e-readers

Amazon.com on Wednesday expanded its array of tablets and Kindle e-readers, capping its line-up with a new flagship Fire HDX model boasting 'stunning' display and Dolby Atmos sound. "The team has packed an incredible amount of technology and innovation in

Published 22 Sep, 2014 12:00am

Download woes and HealthKit flaw bite iPhone software

Apple's typically adoring fans were grousing on Thursday over having to dump pictures and other digital keepsakes from iPhones to make room for a big, new operating system. Advice went out early that those intent on updating iPhones, iPads or iPods to iOS

Published 22 Sep, 2014 12:00am

Apple privacy policy seen as a double down on security

Apple's new privacy policy was perceived Thursday as a new hard line meant to counter allegations that technology companies participate too readily in government efforts to collect user information. Apple has reworked its latest encryption so that only th

Published 22 Sep, 2014 12:00am

IBM: Watson a breakthrough in data analytics

Technology giant IBM announced Watson Analytics, a product that will bring big data analysis to business users, the company said Tuesday. The super computer Watson, who triumphed about three years ago against a human player at the US quiz show Jeopardy, h

Published 22 Sep, 2014 12:00am

Google to boost Android encryption, joining Apple

Google said Thursday it would beef up encryption of its mobile operating system, so that it would not hold "keys" to devices even if it is served with a warrant. The announcement comes after Apple unveiled a similar plan for its iPhones and iPads, and ami

Published 22 Sep, 2014 12:00am

Google debuts $105 Android One smartphone in India

Google on Monday launched a $105 smartphone in India, taking aim at emerging markets as part of an initiative called Android One.A "With Android One, we not only want to help people get online, we want to make sure that when they get there, they can tap i

Published 22 Sep, 2014 12:00am

Google debuts $105 Android One smartphone in India

Google on Monday launched a $105 smartphone in India, taking aim at emerging markets as part of an initiative called Android One.A "With Android One, we not only want to help people get online, we want to make sure that when they get there, they can tap i

Published 22 Sep, 2014 12:00am

Number of websites explodes past a billion

The number of websites has burst above one billion and is growing apace, according to figures updated in real time Tuesday by online tracker Internet Live Stats.

Published 22 Sep, 2014 12:00am

Microsoft to spotlight new Windows software on September 30

Microsoft on Monday sent out invitations to a September 30 event at which it is expected to provide a glimpse at the next version of its Windows operating system. The US software titan revealed little with invitations that read: "Join us to hear what's ne

Published 22 Sep, 2014 12:00am

Pull cord immediately after spilling drink on keyboard

Don't waste any time if you happen to spill a beverage - whether it's coffee, water or something else - onto your keyboard. Detach your PC's keyboard from the computer immediately to cut off its power, advises German computer magazine Chip.

Published 22 Sep, 2014 12:00am

Avoiding the aches that come from using tablets and mobiles

For all the joys that mobile phones, tablet computers and the mouse have brought to the world, there is a downside for many: chronic pains shooting up the arms and shoulders of many an avid technology user. German technology industry association Bitkom ha

Published 22 Sep, 2014 12:00am

Microsoft axes 2,100 jobs

Microsoft on September 18 said that it axed 2,100 jobs in a second round of cuts which were announced earlier this year. The US technology titan in July unveiled plans to slash a total of 18,000 jobs from its global workforce during the course of a year,

Published 22 Sep, 2014 12:00am

Microsoft axes 2,100 jobs

Microsoft on September 18 said that it axed 2,100 jobs in a second round of cuts which were announced earlier this year. The US technology titan in July unveiled plans to slash a total of 18,000 jobs from its global workforce during the course of a year,

Published 22 Sep, 2014 12:00am

IKEA to invest 2 billion euros more in Russia by 2020

Swedish furniture retailer IKEA plans to invest about 2 billion euros more in new and existing Mega shopping malls in Russia by 2020, it said on September 18, reaffirming long-term expansion plans for the country despite an economic downturn. The head of

Published 22 Sep, 2014 12:00am

Sony deepens loss estimate on smartphone business

Sony Corp on September 17 sharply deepened its net loss estimate and said it would not pay a dividend this fiscal year for the first time since it listed in 1958 after it was hit by a massive impairment charge for its struggling smartphone division. The d

Published 22 Sep, 2014 12:00am

Sony deepens loss estimate on smartphone business

Sony Corp on September 17 sharply deepened its net loss estimate and said it would not pay a dividend this fiscal year for the first time since it listed in 1958 after it was hit by a massive impairment charge for its struggling smartphone division. The d

Published 22 Sep, 2014 12:00am

Blackstone buys Frankfurt office towers for 350 million euros

US buyout firm Blackstone is acquiring two office towers in Frankfurt, Germany, for a combined 350 million euros ($453 million) to bolster its real estate business, sources familiar with the matter said on September 16. Blackstone has clinched a deal with

Published 22 Sep, 2014 12:00am

FedEx profit beats estimates as shipments rise

FedEx Corp reported a better-than-expected 24 percent jump in quarterly profit as the world's No 2 package delivery company benefited from higher shipment volume. The company's net income rose to $606 million, or $2.l0 per share, in the first quarter ende

Published 22 Sep, 2014 12:00am

FedEx profit beats estimates as shipments rise

FedEx Corp reported a better-than-expected 24 percent jump in quarterly profit as the world's No 2 package delivery company benefited from higher shipment volume. The company's net income rose to $606 million, or $2.l0 per share, in the first quarter ende

Published 22 Sep, 2014 12:00am

Airbus to sell off business units in defence, space review

Airbus Group has unveiled plans to sell half a dozen businesses with combined annual revenues of around 2 billion euros ($2.6 billion), simplifying its Defence and Space division to focus on warplanes, missiles, launchers and satellites.

Published 22 Sep, 2014 12:00am

China Sinopec unit to sell 30 percent stake

Chinese oil giant Sinopec will sell a 30 percent stake in its marketing arm to outside investors for more than $17 billion, the company said, as the government pushes key economic reforms. China's Communist Party pledged at a meeting in November to allow

Published 22 Sep, 2014 12:00am

China Sinopec unit to sell 30 percent stake

Chinese oil giant Sinopec will sell a 30 percent stake in its marketing arm to outside investors for more than $17 billion, the company said, as the government pushes key economic reforms. China's Communist Party pledged at a meeting in November to allow

Published 22 Sep, 2014 12:00am

New UAE rules aim to develop local currency bond, sukuk markets

New rules issued by the United Arab Emirates' securities market regulator aim to develop local currency bond and sukuk markets in the Arab world's second biggest economy. In meetings with potential issuers and financial firms in Abu Dhabi and Dubai last w

Published 22 Sep, 2014 12:00am

New UAE rules aim to develop local currency bond, sukuk markets

New rules issued by the United Arab Emirates' securities market regulator aim to develop local currency bond and sukuk markets in the Arab world's second biggest economy. In meetings with potential issuers and financial firms in Abu Dhabi and Dubai last w

Published 22 Sep, 2014 12:00am

Lampard turns on Chelsea, Leicester stun Manchestar United

Emotional Frank Lampard rescued a point for champions Manchester City against former club Chelsea on Sunday while Manchester United gave up a 3-1 lead to slump to a shock 5-3 defeat at Leicester. Lampard's equaliser ensured a 1-1 draw against the Premier

Published 22 Sep, 2014 12:00am

Hamilton seizes control after Singapore win

Lewis Hamilton stormed to an emphatic victory at the Singapore Grand Prix on Sunday to wrest the championship lead from Mercedes team mate Nico Rosberg after the German retired with steering wheel problems. The Briton overcame an extended safety car perio

Published 22 Sep, 2014 12:00am

Tevez strikes again as Juve beat toothless Milan

Juventus striker Carlos Tevez struck to give the Serie A champions a 1-0 win over AC Milan on Saturday, handing coach Massimiliano Allegri a winning return to San Siro where he was shown the door eight months ago. Tevez, who scored both goals in Tuesday's

Published 22 Sep, 2014 12:00am

Watson out of Australia's series against Pakistan

Injury-prone all-rounder Shane Watson has been ruled out of Australia's entire series against Pakistan in the United Arab Emirates with a calf injury, the country's cricket board said on Sunday. Watson, recovering from a sprained ankle that kept him out o

Published 22 Sep, 2014 12:00am

Pliskova takes title in Seoul

Rising star Karolina Pliskova earned her second career title with a 6-3, 6-7 (5/7), 6-2 victory over America's Varvara Lepchenko in the WTA Korea Open final Sunday. The 22-year-old saw her one-set lead evaporate when first-time finalist Lepchenko took a t

Published 22 Sep, 2014 12:00am

Azarenka out for season with injury

Former world number one Victoria Azarenka pulled out of the Wuhan Open in China on Sunday and said she will miss the rest of the season as she battles a foot injury. The Belarussian has slid down the rankings to 25th after a year in which she has struggle

Published 22 Sep, 2014 12:00am

Goffin takes Metz title

Belgian eighth seed David Goffin won his second ATP tour title in Metz on Sunday beating Portuguese sixth seed Joao Sousa in straight sets. Goffin, who has jumped to 45th in the world rankings from 113 at the end of last season, came through 6-4, 6-3 agai

Published 22 Sep, 2014 12:00am

Ivanovic beats Wozniacki for Tokyo title

Former world number one Ana Ivanovic brushed aside Caroline Wozniacki to win the Pan Pacific Open in Tokyo on Sunday and move closer to sealing a berth for the season-ending WTA finals in Singapore. The 6-2 7-6 (2) win in the $1 million tournament also ga

Published 22 Sep, 2014 12:00am

Triple-record burst for North Korean lifter

North Korea's Kim Un-Guk thanked his supreme leader Kim Jong-Un as he broke three world records on his way to gold in the 62kg class weightlifting at the Asian Games Sunday. Kim shattered a 12-year-old record by lifting 154kg in the snatch, and followed i

Published 22 Sep, 2014 12:00am

Hagino stuns Sun, Park in Asiad pool

Japan's Kosuke Hagino stunned Chinese swim star Sun Yang and home hero Park Tae-Hwan to snatch gold as records tumbled at the Asian Games on Sunday. Favourites Sun and Park, after whom the Incheon centre is named, duelled throughout the 200 metre freestyl

Published 22 Sep, 2014 12:00am

Eyeing 2015 election, UK's Labour pledges rise in minimum wage

Britain's opposition Labour party promised on Sunday to raise the national minimum wage by more than 25 percent within five years if it wins next year's national election, a pledge designed to win over voters hit by rising living costs.

Published 22 Sep, 2014 12:00am

French and German visions for Europe to clash in Berlin

Germany and France will try to reconcile divergent visions of how to fix Europe's economy on Monday when Manuel Valls makes his first visit to Berlin as French prime minister and holds talks with Angela Merkel. The trip comes at a watershed moment, with t

Published 22 Sep, 2014 12:00am

General Motors recalls cars over parking brake fire risk

US car manufacturer General Motors Co is recalling hundreds of thousands of cars over a defect in the parking brake that could cause a fire, a letter by the top US auto safety regulator showed. The problem occurred with GM's 2013-2015 Cadillac XTS and the

Published 22 Sep, 2014 12:00am

Air France cancels flights as strike enters second week

Air France expects to operate 41 percent of its flights on Monday as a pilots strike over cost cuts and plans for the company's budget Transavia unit enters its second week. The French airline, part of Air France-KLM, also confirmed it planned to operate

Published 22 Sep, 2014 12:00am

Germany pushes Airbus for cost cuts on A400Ms

Germany's defence ministry is demanding price cuts and longer cancellation periods on the A400M military airlifters it has ordered from Airbus, but which will be delivered later and less equipped than planned, a newspaper reported on Sunday.

Published 22 Sep, 2014 12:00am

Germany rejects plan to use euro rescue fund for investments

Germany's finance minister on Sunday rejected the idea of tapping unused money in the euro zone's rescue fund to boost investment, saying the fund's purpose was only to help countries in trouble and to boost confidence.

Published 22 Sep, 2014 12:00am

Germany rejects plan to use euro rescue fund for investments

Germany's finance minister on Sunday rejected the idea of tapping unused money in the euro zone's rescue fund to boost investment, saying the fund's purpose was only to help countries in trouble and to boost confidence.

Published 22 Sep, 2014 12:00am

Dubai property prices show signs of cooling

Dubai's booming property market is showing signs that it may be cooling off, industry data showed on Sunday, after two years of soaring prices that had drawn warnings of possible overheating from the International Monetary Fund.

Published 22 Sep, 2014 12:00am

Microsoft delays launch of its Xbox One console in China

Microsoft Corp has delayed the launch of its Xbox One game console in China, which had been set for release on Tuesday, but the world's biggest software company said it would be released by the end of the year. Microsoft did not give a reason for the dela

Published 22 Sep, 2014 12:00am

EE in talks to take over dozens of Phones 4U stores

EE, Britain biggest mobile operator, is in talks to take over stores from Phones 4U , which fell into administration on Monday, a spokesman said, confirming a Sunday Times report. "We can confirm that we have been approached by the (Phones 4U) administrat

Published 22 Sep, 2014 12:00am

Law firms Bingham, Morgan Lewis, agree to merge

Leaders of two of the United States' largest law firms, Boston-based Bingham McCutchen and Philadelphia's Morgan Lewis & Bockius, have agreed to merge, according to three people familiar with the matter. The combination would create one of the top five la

Published 22 Sep, 2014 12:00am

Dubai World restructuring deal seen soon

One of Dubai's top government officials said on Sunday he expected state-owned conglomerate Dubai World to reach a deal in the near future on renegotiating its debt repayment schedule. Sheikh Ahmed bin Saeed al-Maktoum, chairman of Dubai's Supreme Fiscal

Published 22 Sep, 2014 12:00am

S&P 500 powers on in a market without big pullback

For all of those waiting for a correction in US stocks, here's the news: you may have already missed it. It is true that the broad S&P 500 has not gone through a by-the-book 10 percent decline since October of 2011. But seven of the 10 S&P 500 industry gr

Published 22 Sep, 2014 12:00am

ECB's predicament leaves peers mute on currency depreciation

Attempts by the European Central Bank to weaken the euro have the potential to spark a currency war but policymakers across the world are keeping silent, knowing the ECB has scant alternatives to keep its economy afloat. Euro zone central bankers have spe

Published 22 Sep, 2014 12:00am

Nigerian interbank rates ease on improved liquidity

Nigeria's interbank lending rates eased to an average of 10.37 percent this week, compared with 10.62 percent a week earlier, with markets expecting a liquidity boost from monthly government budgetary disbursement.

Published 22 Sep, 2014 12:00am

Investors team up to find path through risky dark pools

Stock investors who recognise the risks of trading in anonymous "dark pools" but are unwilling to spurn them have found an alternative: club together. A growing number of European investment funds have signed up to use an electronic trading system designe

Published 22 Sep, 2014 12:00am

Wall Street week ahead: dollar's rally bad news for oil, multinationals

The asset with the greatest prowess of late has been the US dollar, and if its rally continues, it threatens to eat into the earnings of multinational companies. The greenback's recent gains have lifted the dollar index - a measure of the dollar's value r

Published 22 Sep, 2014 12:00am

Currency	Rate
USD PKR Interbank Selling / Dec 24	278.53
USD PKR Interbank Buying / Dec 24	278.33
USD to Japanese Yen / Dec 24	157.10
USD to Swiss Franc / Dec 24	0.90
Pound Sterling to USD / Dec 24	1.25
Euro to USD / Dec 24	1.04

Stock	Volume
S&P 500 / Dec 23	5,974.07
Nasdaq / Dec 23	19,764.89
Dow Jones / Dec 23	42,906.95
Germany DAX 30 / Dec 23	19,848.77
India Sensex / Dec 24	78,616.57
Tokyo Nikkei / Dec 24	39,036.85
Hang Seng / Dec 24	20,098.29
FTSE 100 / Dec 24	8,130.86

Item	Value
Gold 10 Grams PKR / Dec 23	241,087.80
Petrol/Litre / Dec 24	252.10
Crude Oil USD/Barrel / Dec 24	69.54
Karachi Cotton PKR/37.32 KG / Dec 24	17,785
Gold Spot USD/Ounce / Dec 24	2,618.54
Diesel/Litre / Dec 24	255.38

Stock	Price
Sec. Inv. Bank / Dec 24 Security Investment Bank Limited(SIBL)	5.99 ▲ 1.00 (20.04%)
Next Capital / Dec 24 Next Capital Limited(NEXT)	8.90 ▲ 1.00 (12.66%)
Pak Agro Pack. (GEM) / Dec 24 Pak Agro Packaging Limited (GEM)(GEMPAPL)	9 ▲ 1.00 (12.50%)
Ghani Chem. Ind. / Dec 24 Ghani Chemical Industries Limited(GCIL)	16.13 ▲ 1.47 (10.03%)
Pak Gulf Leasing / Dec 24 Pak-Gulf Leasing Company Limited(PGLC)	14.37 ▲ 1.31 (10.03%)
Popular Islamic / Dec 24 Popular Islamic Modaraba(PIM)	15.58 ▲ 1.42 (10.03%)
Mandviwala / Dec 24 Mandviwala Mauser Plastic Industries(MWMP)	16.59 ▲ 1.51 (10.01%)
Blessed Tex. / Dec 24 Blessed Textiles Limited(BTL)	301.77 ▲ 27.43 (10.00%)
Crescent Cotton / Dec 24 Crescent Cotton Mills Limited(CCM)	55 ▲ 5.00 (10.00%)

Stock	Price
S.G.Power / Dec 24 S.G. Power Limited(SGPL)	10.58 ▼ -1.18 (-10.03%)
Olympia Mills / Dec 24 Olympia Mills Limited(OML)	36 ▼ -4.00 (-10.00%)
J.A.Textile / Dec 24 J.A. Textile Mills Limited(JATM)	33.95 ▼ -3.77 (-9.99%)
Sanghar Sugar / Dec 24 Sanghar Sugar Mills Limited(SANSM)	26.16 ▼ -2.90 (-9.98%)
I.C.C. Ind. / Dec 24 ICC Industries Limited(ICCI)	9.85 ▼ -1.07 (-9.80%)
National Silk / Dec 24 The National Silk & Rayon Mills Limited(NSRM)	50.01 ▼ -5.43 (-9.79%)
Gulshan Sp. / Dec 24 Gulshan Spinning Mills Limited(GSPM)	4.10 ▼ -0.40 (-8.89%)
Crescent Fib. / Dec 24 Crescent Fibres Limited(CFL)	40.16 ▼ -3.81 (-8.66%)
Reliance Ins. / Dec 24 Reliance Insurance Company Limited(RICL)	11.55 ▼ -1.05 (-8.33%)

Stock	Volume
WorldCall Telecom / Dec 24 Worldcall Telecom Limited(WTL)	126,573,463 ▲ 0.05
Fauji Foods Ltd / Dec 24 Fauji Foods Limited(FFL)	66,984,381 ▲ 0.49
Cnergyico PK / Dec 24 Cnergyico PK Limited(CNERGY)	66,471,663 ▼ -0.27
Pak Elektron / Dec 24 Pak Elektron Limited(PAEL)	38,651,653 ▼ -1.53
K-Electric Ltd. / Dec 24 K-Electric Limited(KEL)	36,108,956 ▼ -0.18
Sui South Gas / Dec 24 Sui Southern Gas Company Limited(SSGC)	33,467,532 ▼ -0.50
P.T.C.L. / Dec 24 Pakistan Telecommunication Company Ltd(PTC)	33,030,118 ▼ -1.31
TRG Pak Ltd / Dec 24 TRG Pakistan Limited(TRG)	29,441,264 ▲ 3.35
Pace (Pak) Ltd. / Dec 24 Pace (Pakistan) Limited(PACE)	28,106,970 ▼ -0.18

Most Popular