News Archives for Print - 2014-10-25

Libor

LIBOR calculating interest on US dollar

London Interbank Offer Rates on for calculating interest on special US dollar on Friday (October 24, 2014).

Published 25 Oct, 2014 12:00am

Ministries told: 2,500 megawatts must be added to system by February: Nawaz

Prime Minister Nawaz Sharif Friday directed Ministries of Petroleum & Natural Resources, Water & Power and Finance Division to ensure that an additional electricity of 2,400-2,500 MW comes to the system by February 2015, both in the case of LNG and new on

Published 25 Oct, 2014 12:00am

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Friday (October 24, 2014).

Published 25 Oct, 2014 12:00am

Ministries told: 2,500 megawatts must be added to system by February: Nawaz

Prime Minister Nawaz Sharif Friday directed Ministries of Petroleum & Natural Resources, Water & Power and Finance Division to ensure that an additional electricity of 2,400-2,500 MW comes to the system by February 2015, both in the case of LNG and new on

Published 25 Oct, 2014 12:00am

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Friday (October 24, 2014).

Published 25 Oct, 2014 12:00am

Angry Cameron vows not to pay new British EU bill

David Cameron furiously rejected a demand from Brussels for more than two billion euros in backdated charges at a summit Friday, setting up a new showdown over Britain''s place in the EU. The prime minister hijacked a meeting that was meant to be focused

Published 25 Oct, 2014 12:00am

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Friday (October 24, 2014).

Published 25 Oct, 2014 12:00am

Angry Cameron vows not to pay new British EU bill

David Cameron furiously rejected a demand from Brussels for more than two billion euros in backdated charges at a summit Friday, setting up a new showdown over Britain's place in the EU. The prime minister hijacked a meeting that was meant to be focused o

Published 25 Oct, 2014 12:00am

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) - issued by the Foreign Exchange Rates Commi

Published 25 Oct, 2014 12:00am

Angry Cameron vows not to pay new British EU bill

David Cameron furiously rejected a demand from Brussels for more than two billion euros in backdated charges at a summit Friday, setting up a new showdown over Britain's place in the EU. The prime minister hijacked a meeting that was meant to be focused o

Published 25 Oct, 2014 12:00am

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d

Published 25 Oct, 2014 12:00am

Libor

Coal-fired project in state of uncertainty

Sindh Engro Coal Mining Company''s (SECMC) 660 MW local coal-fired project being established in Thar is in doubt with Chinese banks unwilling to extend a loan for the power plant on a Pakistani sovereign guarantee. SECMC, however, believes that the flagsh

Published 25 Oct, 2014 12:00am

New York cotton

The following were the fluctuations observed during the day:

Published 25 Oct, 2014 12:00am

Libor

Coal-fired project in state of uncertainty

Sindh Engro Coal Mining Company's (SECMC) 660 MW local coal-fired project being established in Thar is in doubt with Chinese banks unwilling to extend a loan for the power plant on a Pakistani sovereign guarantee. SECMC, however, believes that the flagshi

Published 25 Oct, 2014 12:00am

New York cotton

The following were the fluctuations observed during the day:

Published 25 Oct, 2014 12:00am

Libor

Coal-fired project in state of uncertainty

Sindh Engro Coal Mining Company's (SECMC) 660 MW local coal-fired project being established in Thar is in doubt with Chinese banks unwilling to extend a loan for the power plant on a Pakistani sovereign guarantee. SECMC, however, believes that the flagshi

Published 25 Oct, 2014 12:00am

Aaj TV - Friday's schedule

All timings are in PST (Pakistan Standard Time).

Published 25 Oct, 2014 12:00am

UK's Oscar-tipped Cumberbatch toasts codebreaker Turing

British actor Benedict Cumberbatch, tipped for an Oscar for his performance as mathematician Alan Turing, said he hopes the film will be a worthy tribute to the wartime codebreaker persecuted for being gay. The "Sherlock Holmes" star spoke at the European

Published 25 Oct, 2014 12:00am

BRIDGE NOTES: 'Well done, Albert'

In Bridge one remains to be focused all the time. The sustained level of concentration is the key for success at Bridge. Many a top Bridge player has suffered a blind spot due to the drop in the concentration level. Bridge makes one intricately involved i

Published 25 Oct, 2014 12:00am

In age of instant music, fans rewind to cassettes

Hitting the road with his band in a beat-up van, Sean Bohrman looked at the cassette deck and, instead of seeing an ancient relic, became inspired. He could listen to his own, and others', albums on the cheap. Seven years later, Bohrman helps run a label

Published 25 Oct, 2014 12:00am

With new entrants, streaming TV sees watershed moment

For years, the notion of on-demand, anywhere television has been slowly disrupting the traditional pay TV industry. Now it seems that streaming video has hit a watershed moment. In the past week, HBO announced it would launch a standalone streaming servic

Published 25 Oct, 2014 12:00am

Alexander takes family on 'Very Bad Day' in Disney comedy

A rogue crocodile, a green baby, a puking Peter Pan and a punching kangaroo are troublesome yet comedic obstacles that befall the Cooper family on a "Terrible, Horrible, No Good, Very Bad Day" in Disney's new live-action family comedy.

Published 25 Oct, 2014 12:00am

Saving Australia's Outback means living in it

As one of the wildest and most natural places on Earth, Australia's Outback is home to few people, but a new study Wednesday argues that it needs a bigger population to escape decline. The vast area, which spreads out from Australia's centre to cover some

Published 25 Oct, 2014 12:00am

Flanagan takes Man Booker prize with war story

Australian novelist Richard Flanagan said that before winning the prestigious Man Booker prize for literature on Tuesday he had considered becoming a miner because he found it so difficult to make a living at his craft. Flanagan, 53, won the prestigious 5

Published 25 Oct, 2014 12:00am

7th International Urdu Conference 2014: Language, literature and culture

The lawns of the Arts Council of Pakistan, Karachi were jam-packed with exuberant admirers of iconic nonagenarian humour writer Mushtaq Ahmed Yousufi who gave a standing ovation as the ceremony, presided over by poet Zehra Nigah started.

Published 25 Oct, 2014 12:00am

Hackers leap from dark basements to world stage

Hackers are shaking off their reputations as nerdy, loner basement dwellers and rebranding themselves on the world stage as members of Internet age tribes with offbeat codes of conduct and capricious goals. Clans of hackers such as Anonymous, LulzSec and

Published 25 Oct, 2014 12:00am

Asian cave paintings challenge Europe as cradle of art

The silhouette of a hand on a cave wall in Indonesia is 40,000 years old, showing that Europe was not the birthplace of art as long believed, researchers said. Created by spraying reddish paint around an open hand pressed against rock, the stencil was mad

Published 25 Oct, 2014 12:00am

ART FACTS: KSA Golden Jubilee Celebrations Promoting art with a vision

Through devotion and determination Rabia Zuberi had achieved both aims of her life - to excel in art and to promote art education, in the form of Karachi School of Arts. The KSA has remarkable contributions in promoting art with a vision to encourage new

Published 25 Oct, 2014 12:00am

Unseen Picasso letter

A previously unseen letter written by Pablo Picasso, complete with sketches, has gone on display in western France. The letter, to his friend the French poet Max Jacob, comes from a private collection and is displayed at the fine arts museum in the wester

Published 25 Oct, 2014 12:00am

Paris's Picasso museum finally reopens

A top-level sacking, harsh words from the artist's son, delays and a huge budget overrun - Paris's Picasso museum reopens its doors on Saturday amid the fallout from a fraught $71-million renovation. Just over five years after it closed for what was inten

Published 25 Oct, 2014 12:00am

KARACHI CHRONICLE: Causing considerable controversy

"You know, Sindhis call us panahagir," my phupi told me. It was sometime in the 1950s. She was married to a doctor who hailed from Mirpur Bathoro, a cultured man with a modern outlook, as all educated Sindhis of that time were. The term panahagir was not

Published 25 Oct, 2014 12:00am

Development and Prosperity of AJ&K goes on

The democracy and its unhindered journey in AJ&K, since 1985, has not only fortified the institutions but also enhanced the pace of development and prosperity of the state. All elected government put their efforts to perk up the living standards of the pe

Published 25 Oct, 2014 12:00am

Message from Minister for Information Azad Government Of the State of J&K

It is red letter day for all of us, an occasion to celebrate and reiterate our pledge to carry on our straggle until the complete freedom of Jammu and Kashmir. Since the days of Dogara Raj the Kashmiris have proved their freedom thirst and showed through

Published 25 Oct, 2014 12:00am

Message from Prime Minister Azad Government Of the State of J&K

The 67th Foundation Day of the Government and the State of Azad Jammu and Kashmir is being celebrated by all the Kashmiri and Pakistani people with all gusto and patriotism. At this occasion, I offer my heartfelt congratulations to the whole nation, who h

Published 25 Oct, 2014 12:00am

Message from Sardar M. Yaqoob Khan President Azad Jammu and Kashmir

Today, we are celebrating the 67th foundation day of the Government and the state of Azad Jammu and Kashmir with long-established and time-honored enthusiasm and fervor, restating our pledge to keep on our struggle until we achieve our objectives for whic

Published 25 Oct, 2014 12:00am

US natural gas futures end down

US natural gas futures closed down a few cents after earlier dropping to an 11-month low as forecasts for much warmer-than-normal weather over the next two weeks offset a slightly smaller-than-expected storage build. Front-month gas futures on the New Yor

Published 25 Oct, 2014 12:00am

Daily trading report of PMEX

On Thursday at Pakistan Mercantile Exchange (PMEX) value traded was PKR 3.933 billion as compared to PKR 3.32 billion reported on Wednesday, an increase of 18.24 percent. The number of lots traded was 15,226 and PMEX Commodity Index closed at 2,856. Major

Published 25 Oct, 2014 12:00am

US FOB Gulf soyabeans offers strong as USDA jolts markets

US FOB Gulf soyabeans basis offers were stronger after the close on Thursday, adding to gains in futures markets driven by a US Agriculture Department's (USDA) export sales report that jolted markets, traders said. Corn basis offers were also firmer as so

Published 25 Oct, 2014 12:00am

Malaysia's cocoa grinding falls on slow demand

Cocoa processing in Malaysia fell 13.7 percent from a year earlier to 61,428 tonnes in the third quarter, the Malaysian Cocoa Board said on Tuesday, reflecting slow demand and rising costs. Cocoa grinding, an indicator of demand for chocolate's main ingre

Published 25 Oct, 2014 12:00am

European wheat prices higher

European wheat prices edged slightly higher on Thursday, rising for a third session in a row, helped by a rise on US markets and a low euro versus the dollar, making euro zone products cheaper on the world market. By 1520 GMT, benchmark January milling wh

Published 25 Oct, 2014 12:00am

Activity at Karachi & Qasim ports

The Karachi Port handled 102,703 tonnes of cargo comprising 77,729 tonnes of import cargo and 24,974 tonnes of export cargo including 5,006 loaded and empty containers during the last 24 hours ending at 0700 hours on Friday. The total import cargo of 77,7

Published 25 Oct, 2014 12:00am

Prices firm amid active demand on cotton market

Prices almost held the overnight levels on the cotton market on Friday in the process of active buying by mills and exporters, dealers said. The official spot rate maintained last level at Rs 5,100, they added. In the ready session, around, 20,000 bales o

Published 25 Oct, 2014 12:00am

No business on grain market

According to the Wholesale Grain Merchant Grope, no change was seen on the local grain market on Friday due to the death anniversary of Hazrat Umer Farooq (RA).

Published 25 Oct, 2014 12:00am

CBOT wheat futures rise to six-week high

Wheat futures on the Chicago Board of Trade rose for a third straight session on Thursday, reaching a six-week high on technical buying and spillover strength from surging soy and corn markets, traders said. CBOT December wheat held above support at its 5

Published 25 Oct, 2014 12:00am

Bank of Italy sees Q3 GDP contracting slightly

Italy's economy is expected to have contracted in the third quarter of the year as international tensions hit the outlook for exports and household and business confidence dimmed, the Bank of Italy said on Thursday. "According to the indicators available

Published 25 Oct, 2014 12:00am

P&G to exit Duracell battery business; quarterly sales dip

Procter & Gamble Co on Friday said it would sell its Duracell battery business, probably through a split-off into a separate company, as it looks to focus on faster-growing brands. P&G shares rose 3 percent as investors shrugged off a marginal fall in qua

Published 25 Oct, 2014 12:00am

P&G to exit Duracell battery business; quarterly sales dip

Procter & Gamble Co on Friday said it would sell its Duracell battery business, probably through a split-off into a separate company, as it looks to focus on faster-growing brands. P&G shares rose 3 percent as investors shrugged off a marginal fall in qua

Published 25 Oct, 2014 12:00am

Brazil's jobless rate drops to 4.9 percent in September

Brazil's jobless rate fell slightly in September, setting a new record for the month and helping President Dilma Rousseff in a closely fought election campaign just days before the vote. Brazil's non-seasonally adjusted jobless rate fell to 4.9 percent in

Published 25 Oct, 2014 12:00am

Pearson reports sliding sales

British publisher Pearson, owner of the Financial Times newspaper, suffered a fall in sales in the first nine months of the year, hit by adverse currency factors, it said on Friday. Sales dropped by six percent in the nine months of 2014, compared with a

Published 25 Oct, 2014 12:00am

Pearson reports sliding sales

British publisher Pearson, owner of the Financial Times newspaper, suffered a fall in sales in the first nine months of the year, hit by adverse currency factors, it said on Friday. Sales dropped by six percent in the nine months of 2014, compared with a

Published 25 Oct, 2014 12:00am

Nasdaq tops earnings expectations

Transatlantic exchange operator Nasdaq OMX Group Inc on Friday reported a higher third-quarter profit, as lower expenses helped offset a decline in revenues driven in part by the impact of foreign exchange rates. Net income attributable to Nasdaq totalled

Published 25 Oct, 2014 12:00am

Nasdaq tops earnings expectations

Transatlantic exchange operator Nasdaq OMX Group Inc on Friday reported a higher third-quarter profit, as lower expenses helped offset a decline in revenues driven in part by the impact of foreign exchange rates. Net income attributable to Nasdaq totalled

Published 25 Oct, 2014 12:00am

Putin says Russia will not 'burn' its forex reserves

Russia intends to continue moves to a floating exchange rate and will not "burn" through its foreign exchange reserves, President Vladimir Putin said on Friday. "We will gradually move to a floating exchange rate. We will not burn our reserves thoughtless

Published 25 Oct, 2014 12:00am

New UK bank TSB gains customers in challenge to big banks

New British bank TSB said it was picking up nearly one in ten of all new current accounts being opened in the UK, swelling its deposit base as competition intensifies for the country's biggest lenders. As a result, the bank hived off from Lloyds Banking G

Published 25 Oct, 2014 12:00am

New UK bank TSB gains customers in challenge to big banks

New British bank TSB said it was picking up nearly one in ten of all new current accounts being opened in the UK, swelling its deposit base as competition intensifies for the country's biggest lenders. As a result, the bank hived off from Lloyds Banking G

Published 25 Oct, 2014 12:00am

British economy slows down

Growth of the British economy slowed in the third quarter of this year, official data showed on Friday in a context of concerns over the uncertain global outlook. Gross domestic product (GDP) grew 0.7 percent between July and September from output in the

Published 25 Oct, 2014 12:00am

US new home sales at six-year high; recovery still fragile

Sales of new US single-family homes rose to a six-year high in September, but a sharp downward revision to August's sales pace indicated the housing recovery remains tentative. The Commerce Department said on Friday that sales increased 0.2 percent to a s

Published 25 Oct, 2014 12:00am

Ford's lower profit beats estimates; sales down on F-150 launch

Ford Motor Co on Friday reported a 34 percent drop in third-quarter profit, and revenue fell due to the cost of introducing the F-150 pickup truck. Ford, which affirmed its full-year profit outlook, said earnings suffered from lower wholesale vehicle volu

Published 25 Oct, 2014 12:00am

Ford's lower profit beats estimates; sales down on F-150 launch

Ford Motor Co on Friday reported a 34 percent drop in third-quarter profit, and revenue fell due to the cost of introducing the F-150 pickup truck. Ford, which affirmed its full-year profit outlook, said earnings suffered from lower wholesale vehicle volu

Published 25 Oct, 2014 12:00am

French jobless total hits new record high in September

More people were unemployed in France in September than ever before, data showed on Friday, highlighting the struggles facing the euro zone's second-largest economy as its leaders seek to win more time from the EU to put its finances back in order. The La

Published 25 Oct, 2014 12:00am

Microsoft sales beat Street hopes, cloud profits up

Microsoft Corp reported higher-than-expected quarterly revenue, helped by stronger sales of its phones, Surface tablets and cloud-computing products for companies, while keeping its profit margins largely intact. The results on Thursday allayed fears of i

Published 25 Oct, 2014 12:00am

Microsoft sales beat Street hopes, cloud profits up

Microsoft Corp reported higher-than-expected quarterly revenue, helped by stronger sales of its phones, Surface tablets and cloud-computing products for companies, while keeping its profit margins largely intact. The results on Thursday allayed fears of i

Published 25 Oct, 2014 12:00am

Sri Lanka cuts taxes, boosts subsidies

Sri Lanka's president cut taxes and increased salaries, subsidies and welfare spending on Friday in a populist budget ahead of a troubled bid to win a third term. Mahinda Rajapakse made no direct reference during the budget announcement to his plans to se

Published 25 Oct, 2014 12:00am

Asia economic growth to languish as China slows

Emerging Asia will contribute less to the global economy in 2015 than was expected just months ago as a slowdown in China drags on growth in the region, partially offset by acceleration in the United States, Reuters polls showed. Until recently the primar

Published 25 Oct, 2014 12:00am

German consumer confidence stops falling

Consumer confidence in Germany has stopped falling, as consumers appear to be no longer fazed by economic fallout from geopolitical crises, a new poll found on Friday. Following the recent declines, "consumer sentiment rose again somewhat in October, halt

Published 25 Oct, 2014 12:00am

Most Southeast Asian shares fall; Thai banks up

Southeast Asian stock markets mostly fell on Friday amid foreign selling and weaknesses in most emerging Asian currencies, but Thai stocks eked out gains as big banks rallied after buying interest from domestic institutions. Reports that a doctor who retu

Published 25 Oct, 2014 12:00am

Sri Lankan stocks gain

Sri Lankan stocks gained on Friday for the second straight session as investors bought banking shares, but the turnover was moderate as the market awaited cues from 2015 budget announcement. Sri Lanka in 2015 will trim its value added tax and reduce its b

Published 25 Oct, 2014 12:00am

European government bonds hunker down before stress test results

Most European government bond yields were flat or lower on Friday as the market hunkered down ahead of bank stress test results due this weekend and the Federal Reserve's policy meeting next week. With little economic data due on Friday, investors also lo

Published 25 Oct, 2014 12:00am

European government bonds hunker down before stress test results

Most European government bond yields were flat or lower on Friday as the market hunkered down ahead of bank stress test results due this weekend and the Federal Reserve's policy meeting next week. With little economic data due on Friday, investors also lo

Published 25 Oct, 2014 12:00am

Nikkei rises to two-week high

Japanese shares rose to a two-week high on Friday as the weaker yen lifted exporters, while renewed fears about the spread of the Ebola virus in the United States bolstered Ebola-related stocks such as Fujifilm Holdings Corp. The Nikkei share average ende

Published 25 Oct, 2014 12:00am

Friday's midday trade: stocks advance; Amazon tumbles, Microsoft climbs

US stocks advanced on Friday, as earnings from Microsoft and Procter & Gamble and easing concerns over the possible spread of Ebola in the United States helped put the S&P on track to snap a four-week losing skid. Microsoft was up 2 percent at $45.91, aft

Published 25 Oct, 2014 12:00am

Wall Street off highs after Ebola tests

Earnings from Caterpillar and 3M drove Wall Street higher on Thursday but stocks pared gains in late trading after reports that a New York hospital was running Ebola tests on a healthcare worker. The day's advance put the S&P 500 at its highest level in t

Published 25 Oct, 2014 12:00am

Taiwan stocks fall

Taiwan stocks fell on Friday, following cues from overseas markets amid nervousness on reports of the first diagnosed case of Ebola in the world's financial hub of New York. A physician with Doctors Without Borders who returned to New York City after trea

Published 25 Oct, 2014 12:00am

Bond yields climb

US Treasuries yields rose on Thursday to their highest levels in nearly two weeks as stronger data on overseas business activity reduced jitters about a year-end slowdown in the global economy, sparking a rally in stocks and paring safe-haven demand for b

Published 25 Oct, 2014 12:00am

Bond yields climb

US Treasuries yields rose on Thursday to their highest levels in nearly two weeks as stronger data on overseas business activity reduced jitters about a year-end slowdown in the global economy, sparking a rally in stocks and paring safe-haven demand for b

Published 25 Oct, 2014 12:00am

South African stocks end lower

South African stocks fell for a third straight session on Friday, with iron ore producer Assore down sharply as the commodity's price was on track for its first weekly drop in a month due to Chinese steel mills keeping stockpiles low. Assore was the bigge

Published 25 Oct, 2014 12:00am

Hong Kong shares lower, China shares flat

Hong Kong stocks slipped 0.13 percent Friday after a report showed prices of new homes in China fell for the first time in two years and as China Construction Bank reported its worst quarter in more than five years. The Hang Seng Index fell 30.98 points t

Published 25 Oct, 2014 12:00am

Kering, BASF drag down European shares, Ebola eyed

Shares in luxury goods group Kering and chemicals company BASF fell on Friday after business updates, while new worries about the Ebola virus weighed on European stock markets. Kering fell 4.6 percent, making it the worst-performing stock on the pan-Europ

Published 25 Oct, 2014 12:00am

Australian shares pare gains

Australian shares added 0.5 percent on Friday, underpinned by financials and yield stocks, but the index pulled back from highs on news a doctor who had recently returned to New York from West Africa had tested positive for Ebola. The S&P/ASX 200 index ro

Published 25 Oct, 2014 12:00am

FTSE falls, posts strongest week since August

Britain's top share index fell on Friday but posted its strongest week since August, with concerns about the global economy and the spread of Ebola taking the steam out of a recent rally. The FTSE 100 closed down 0.5 percent at 6,388.73 points. It was sti

Published 25 Oct, 2014 12:00am

Yen rallies in Asia

The yen pulled away from two-week lows against the dollar on Friday on safe-haven bids after news that a doctor had tested positive for the Ebola virus in New York City after returning from West Africa. The first confirmed case in the city worried investo

Published 25 Oct, 2014 12:00am

Euro dips against yen in London

The euro slipped against the yen on Friday, with investors cautious ahead of the results on Sunday of stress tests on euro zone banks, with the single currency also lagging the pound after robust third-quarter UK growth data. Sterling gained after figures

Published 25 Oct, 2014 12:00am

Early trade in New York: Euro up after report on bank stress tests

The euro rallied on Friday ahead of an official report on the health of the euro zone's main banks as investors continued a trend of covering their short-positions leading to buying of the currency against the US dollar. Despite Friday's weakness, the dol

Published 25 Oct, 2014 12:00am

Dollar rises in New York

The dollar rallied on Thursday as investors plowed cash back into riskier asset classes, underpinned by promising US data and stronger-than-expected manufacturing reports in Europe and China. The dollar rose 0.10 percent against a basket of major currenci

Published 25 Oct, 2014 12:00am

Sri Lanka rupee forwards up

Sri Lankan rupee forwards ended slightly higher as banks sold dollars to cover short position in the local currency as President Mahinda Rajapaksa, also the finance minister, presented the 2015 budget in the parliament. Rajapaksa, presenting the budget in

Published 25 Oct, 2014 12:00am

New York Ebola case cuts Asia FX weekly gains

Most emerging Asian currencies fell on Friday, paring some of their weekly gains, as risk sentiment suffered after a doctor in New York tested positive for Ebola, the first case in America's largest city. South Korea's won slid as offshore funds sold it t

Published 25 Oct, 2014 12:00am

Yuan dips

China's yuan inched lower against the dollar on Friday, pushed down by corporate dollar demand and a slightly lower central bank midpoint, traders said. Spot yuan eased to 6.1203 per dollar by midday, 0.01 percent weaker than Thursday's close. At the midd

Published 25 Oct, 2014 12:00am

Sterling rises on UK GDP

Sterling rose against the dollar on Friday after figures showed the UK economy met expectations and grew at a healthy pace, providing a relief for those worried that weakness overseas could be a drag on activity. The pound moved further above $1.60 and on

Published 25 Oct, 2014 12:00am

Lamela 'rabona' strike becomes global sensation

Tottenham Hotspur striker Erik Lamela shot to the front of the queue for the world goal of the year Friday after his "rabona" wonder strike in the Europa League. The 22-year-old Argentine became a global internet sensation with his audacious goal in Spurs

Published 25 Oct, 2014 12:00am

Serbia awarded Albania win but docked points

UEFA's disciplinary committee on Friday awarded Serbia a 3-0 victory in their aborted Euro 2016 qualification match with Albania, but deducted them three points. Both the Serbian and Albanian football federations responded by saying they would appeal the

Published 25 Oct, 2014 12:00am

Amla-inspired Proteas rout New Zealand to win series

South Africa crushed New Zealand to claim a 72-run victory in the second one-day international on Friday, inspired by a superb century from opening batsman Hashim Amla. In a see-sawing match, the Proteas initially blunted the Black Caps attack then endure

Published 25 Oct, 2014 12:00am

Keep Qatar World Cup in summer: Euroleagues

Changing the dates of the 2022 World Cup in Qatar would play havoc with the league programme in Europe, the Association of European Professional Football Leagues (EPFL) said on Friday. The EPFL, holding its General Assembly in Stockholm, expressed its con

Published 25 Oct, 2014 12:00am

Zico alleges Pires assaulted in ISL match

Organisers of India's Super League football tournament were on Friday investigating claims that former French international Robert Pires was punched on the face by a rival coach during a half-time scuffle. The incident reportedly took place during the bre

Published 25 Oct, 2014 12:00am

Misbah backs UNICEF polio drive

Pakistan cricket captain Misbah-ul Haq Friday pledged his backing to the international bid to rid the world of polio. The United Nations International Children's Emergency Fund (UNICEF) marks Friday as international polio day with Pakistan and Australia c

Published 25 Oct, 2014 12:00am

Sharapova out of WTA Finals

Maria Sharapova finally got a win at the WTA Finals Friday but it wasn't enough to stop her crashing out of the tournament and blowing her opportunity to be crowned year-end world number one. The Russian star needed to beat Agnieszka Radwanska in straight

Published 25 Oct, 2014 12:00am

Serena reaches WTA semis, year-end number one

Serena Williams reached the WTA Finals semis and was crowned year-end world number one without picking up a racquet on Friday when results went her way at the season finale in Singapore. The four-time champion was in stark danger of crashing out but she e

Published 25 Oct, 2014 12:00am

Jha takes on world's best at 14

Kanak Jha, an Indian-origin American, on Friday became the youngest ever competitor at the men's table tennis World Cup taking on his idols at the age of just 14. The world number 423 threatened a major upset when he took the first game of his first match

Published 25 Oct, 2014 12:00am

Murray battles past Anderson into Valencia semis

British number one Andy Murray rallied from a set down to reach the semi-finals of the Valencia Open on Friday with a 6-7 (3/7), 6-4, 6-4 win over South Africa's Kevin Anderson. Murray is hoping to boost his chances of a seventh consecutive appearance in

Published 25 Oct, 2014 12:00am

Nadal pulls out of Paris Masters for personal reasons

French Open champion Rafael Nadal has pulled out of the next week's ATP Paris Masters citing personal reasons, the French Tennis Federation (FFT) said Friday. The Spanish world number three is already guaranteed a place in the season-ending World Tour Fin

Published 25 Oct, 2014 12:00am

Pakistan in command despite Warner's century

Pakistan's spin bowlers shared six wickets between them to take control of the first Test against Australia despite a brilliant hundred by David Warner on the third day on Friday. Warner smashed 133 for his ninth Test century and his third in as many inni

Published 25 Oct, 2014 12:00am

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

Stock	Price
786 Invest Ltd / Dec 5 786 Investments Limited(786)	7.37 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Dec 5 Al-Abbas Sugar Mills Limited(AABS)	627.86 ▼ 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)	68.40 ▼ 0.00 (0.00%)
Allied Bank / Dec 5 Allied Bank Limited(ABL)	150.94 ▼ 0.00 (0.00%)
Abbott Lab. / Dec 5 Abbott Laboratories (Pakistan) Limited(ABOT)	1,123.10 ▼ 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)	13.47 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Dec 5 786 Investments Limited(786)	7.37 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Dec 5 Al-Abbas Sugar Mills Limited(AABS)	627.86 ▲ 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)	68.40 ▲ 0.00 (0.00%)
Allied Bank / Dec 5 Allied Bank Limited(ABL)	150.94 ▲ 0.00 (0.00%)
Abbott Lab. / Dec 5 Abbott Laboratories (Pakistan) Limited(ABOT)	1,123.10 ▲ 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)	13.47 ▲ 0.00 (0.00%)

Stock	Volume
Cnergyico PK / Dec 5 Cnergyico PK Limited(CNERGY)	246,707,903 ▲ 0.00
WorldCall Telecom / Dec 5 Worldcall Telecom Limited(WTL)	89,419,070 ▲ 0.00
Hascol Petrol / Dec 5 Hascol Petroleum Limited(HASCOL)	87,024,698 ▲ 0.00
Pak Elektron / Dec 5 Pak Elektron Limited(PAEL)	67,806,935 ▲ 0.00
Sui South Gas / Dec 5 Sui Southern Gas Company Limited(SSGC)	61,811,720 ▲ 0.00
Power Cement / Dec 5 Power Cement Limited(POWER)	58,501,362 ▲ 0.00
K-Electric Ltd. / Dec 5 K-Electric Limited(KEL)	56,938,645 ▲ 0.00
Pak Int.Bulk / Dec 5 Pakistan International Bulk Terminal(PIBTL)	56,115,997 ▲ 0.00
Pak Refinery / Dec 5 Pakistan Refinery Limited(PRL)	55,870,990 ▲ 0.00

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