News Archives for Print - 2014-11-07

Print - 2014-11-07

Interest rates on old and incremental FCY deposits

Interest rates on old and incremental FCY deposits on Thursday (November 06, 2014).

Published 07 Nov, 2014 12:00am

Kenyan priest sentenced to death for Italian bishop's murder

A Kenyan Roman Catholic priest and four others were sentenced to death Thursday by a court in Nairobi for murdering an elderly Italian bishop almost a decade ago. "Catholic priest Guyo Waqo and four others have been sentenced to death for the murder of Is

Published 07 Nov, 2014 12:00am

Society urged to play due role in polio eradication: KP Governor meets Unicef Regional Director

Governor Khyber Pakhtunkhwa Sardar Mehtab Ahmed Khan on Thursday has urged all segments of the society including media, parents, teachers and religious scholars to play their role to eradicate polio from the country. Talking to media persons after the mee

Published 07 Nov, 2014 12:00am

SHCBA president's son recovered

Citizens-Police Liaison Committee (CPLC) on Thursday claimed to have recovered Zulfiqar Durrani, son of Nisar Durrani, President of Sindh High Court Bar Association, from the hideout of his kidnappers in Hyderabad. Five persons allegedly involved in his k

Published 07 Nov, 2014 12:00am

Chairman Shariah Board of DIB visits Pakistan

Dr Hussein Hamed Hassan, Chairman of Shariah Board for Dubai Islamic Bank (DIB) the world's first Islamic Bank recently visited Pakistan to meet various Sharia scholars, government dignitaries, senior Islamic bankers, State Bank of Pakistan officials incl

Published 07 Nov, 2014 12:00am

Petition against Qadri: LHC hints at summoning chief minister

A full bench of the Lahore High Court here on Thursday hinted at summoning Chief Minister Punjab if the report of judicial commission on murderous attempt on Dr Tahirul Qadri was not presented before the court. The court adjourned to November 10 the petit

Published 07 Nov, 2014 12:00am

SHC sets another deadline for preserving old Hindu temple

The Sindh High Court (SHC) on Thursday set another deadline for the Karachi Metropolitan Corporation (KMC) and the private constructions company to carry out the necessary work for preservation of the 150-year-old Sheeri Ratneshwar Mahadev Temple in Clift

Published 07 Nov, 2014 12:00am

PhD thesis presented

Bhojoo Mal of the Zoology Department of the University of Sindh has successfully defended his PhD thesis under the supervision of Professor Dr Nasreen Memon.

Published 07 Nov, 2014 12:00am

JI begins campaign for completion of Pakistan movement, Siraj says

Chief of Jamaat-i-Islami, Sirajul Haq, has said that the Minar-e-Pakistan is symbolised the honour, strength and struggle of the Pakistani nation and the JI is starting a movement for the completion of Pakistan movement, and the world colonial powers and

Published 07 Nov, 2014 12:00am

CM reviews Punjab School Reforms Roadmap

Punjab Chief Minister Shahbaz Sharif has said that the Punjab School Reforms Roadmap is leaving a positive impact on the province's education sector. He said that the target of enrolment of new children in schools would be achieved at every cost. The Chie

Published 07 Nov, 2014 12:00am

PEF Workshop

Punjab Education Foundation (PEF) has launched the pilot project of interactive classroom technology in the districts of Lahore, Multan and Khushab in the first phase to educate the students through this beneficial computer technology. In this regard, a t

Published 07 Nov, 2014 12:00am

Significant gas finding in offshore Indonesia: Eni

Eni has made an important gas finding in the Merakes exploration prospect, in the East Sepinggan Block, where Eni is operator with a 100 percent stake. The block is located in the offshore East Kalimantan (Borneo), 170 kilometres south of the Bontang LNG

Published 07 Nov, 2014 12:00am

MYC condemns killing of Christian couple

Milli Yakjehti Council (MYC) President Sahibzada Abul Khair Zubair and Jamaat-i-Islami Secretary General, Liaqat Baloch, have strongly condemned the torturing of a Christian couple to death at Kot Radha Kishan and called for a high level enquiry into the

Published 07 Nov, 2014 12:00am

Christian couple: three more held over killing

The law enforcement agencies on Thursday nabbed three more suspects in connection to the killing of Christian couple who were burned to death in Kot Radha Krishan on allegations of desecrating pages of the Holy Quran. The area wore a deserted look even af

Published 07 Nov, 2014 12:00am

LACAS wins India Today cup

LACAS A level is proud to announce that it's students have once again won the India Today Cup 2014, an international parliamentary debating tournament, for the third consecutive time. The India Today cup was organized by Vasant Valley School, Delhi and wa

Published 07 Nov, 2014 12:00am

IEEEP may float shares of energy projects on bourses

Institution of Electrical and Electronics Engineers Pakistan (IEEEP) President Engineer Mohsin M Syed has suggested that shares of energy projects be floated in the stock exchanges to collect billions of rupees for energy projects. He was addressing the 3

Published 07 Nov, 2014 12:00am

'Unemployed manpower can be made effective through technical training'

President Pak-China Joint Chamber of Commerce and Industry (PCJCCI) Shah Faisal Afridi said that Pakistan can make its unemployed manpower effective in the current scenario by providing technical training in industry related work ambits.

Published 07 Nov, 2014 12:00am

ACCA Pakistan, Punjab Higher Education department sign MoU

ACCA Pakistan and Higher Education Department, Government of Punjab signed a memorandum of understanding (MoU) to provide access to globally relevant professional accountancy qualification to students of public educational institutions in Punjab. ACCA Fou

Published 07 Nov, 2014 12:00am

KIMCO Advertising re-branded as Oktopus 360 Media

KIMCO Advertising (Pvt) Ltd one of the oldest names in the advertising sector of Pakistan, has re-branded it's corporate identity to Oktopus 360 Media (Pvt] Ltd. The Company under the leadership of its Chairman Waqar H. Haidri and a new CEO Nadeem Alvi, h

Published 07 Nov, 2014 12:00am

Sartaj lauds IDPs' contribution towards army action against terrorists

Advisor to Prime Minister on National Security and Foreign Affairs Sartaj Aziz has said that the contribution of Internally Displaced Persons (IDPs) is a tremendous support to Pakistan Army, which is currently engaged in an operation against terrorists in

Published 07 Nov, 2014 12:00am

President approves appointment of 8 LHC judges

President Mamnoon Hussain on Thursday approved the appointment of eight additional judges of the Lahore High Court for a period of one year. The appointments have been approved on the advice of Prime Minister and as agreed by the Parliamentary Committee o

Published 07 Nov, 2014 12:00am

3,116kg of charas seized in Balochistan

ANF Balochistan carried out a successful intelligence led operation and seized 3,116kg Charas from the general area of Killi Habib Zai, Dashti Lorah, Tehsil Gulistan, district Qilla Abdullah. According to details, narcotics were concealed in 67 sacks, whi

Published 07 Nov, 2014 12:00am

Ann Cotton named for 2014 WISE Prize for Education Laureate

Ann Cotton, OBE, Founder and President of Camfed, the Campaign for Female Education, has been named the 2014 WISE Prize for Education Laureate. Cotton spearheaded an internationally acclaimed model for girls' education, which has placed education at the h

Published 07 Nov, 2014 12:00am

New provinces without ensuring justice will be of no use: Imran

Pakistan Tehreek-e-Insaf (PTI) chairman Imran Khan has said that carving out new provinces will be of no use if quick dispensation of justice was not ensured. Addressing his party's anti-government sit-in at D-Chowk, he said that if justice was denied, ne

Published 07 Nov, 2014 12:00am

UBG nominates Mian Idrees as candidate for FPCCI president

The United Business Group (UBG) has announced that Mian Idrees of Sitara Chemicals will be its candidate for the post of president of Federation of Pakistan Chambers of Commerce and Industry (FPCCI) in its forthcoming elections. A spokesman for the UBG, G

Published 07 Nov, 2014 12:00am

FBR told to reverse tax reforms: VAT encourages Rs 100 billion fake ST refund claims: FTO

Federal Tax Ombudsman (FTO) Office has directed the Federal Board of Revenue (FBR) to reverse the so-called tax reforms like functional based-system, issuance of notice from FBR Headquarters to broaden tax-base and centralised sales tax refund system wher

Published 07 Nov, 2014 12:00am

Novartis acquisition CCP orders to open second phase review

The Competition Commission of Pakistan (CCP), while concluding the first phase review of the pre-merger application dated 29 August, 2014 for the proposed acquisition by Novartis AG (Novartis) of the business relating to a portfolio of oncology products (

Published 07 Nov, 2014 12:00am

Jordanian Naval Commander arrives

Brigadier General Qasem Fadeel Nahar Tanashat, Commander Royal Jordanian Naval Forces, was received by Admiral Muhammad Zakaullah, Chief of the Naval Staff upon his arrival on a five-day official visit to Pakistan here on Thursday. A smartly turned out co

Published 07 Nov, 2014 12:00am

Groups working together to launch attacks in India?

Decrypted communications between Indian Mujahideen (IM) and al Qaeda and testimony from suspects have triggered alarm among intelligence officials in New Delhi: the groups appear to be working together to launch major attacks in the region. The officials

Published 07 Nov, 2014 12:00am

Populist measures: path to a deeper hole

The federal government reduced the price of petrol this weekend under the Fuel Price Adjustment (FPA) component defined as pass-through to consumers of any reduction in the international price of imported fuel. The price of fuel to domestic consumers is n

Published 07 Nov, 2014 12:00am

The Wagah carnage

That in spite of an effective ongoing anti-terrorist military operation and civilian authorities' claims of putting in place matching fool-proof security arrangements a suicide-bomber could kill nearly 60 innocent unarmed spectators and injure twice that

Published 07 Nov, 2014 12:00am

FBR's Year Book 2013-14: Concealing the truth

The Federal Board of Revenue (FBR), in its Year Book 2013-14, placed on its website on October 30, 2014, claims that it collected Rs 2,266 billion (provisional data) during the fiscal year 2013-14 as against Rs 1,946 billion during 2012-13 and "thus a pos

Published 07 Nov, 2014 12:00am

Politics of appeasement

There is a growing perception that the Model Town tragedy in June 2014, the subsequent long march and sit-ins in Islamabad, the firing and shelling of tear gas on sit-ins participants in Islamabad, and most importantly, the way the government handled the

Published 07 Nov, 2014 12:00am

Media giants ride streaming, cable fees past ad uncertainty

Major media companies have become far less dependent on the cyclical advertising market, reporting another strong quarter of profits boosted by checks written by streaming services such as Netlfix Inc and fees from cable operators. Time Warner Inc, CBS Co

Published 07 Nov, 2014 12:00am

IP gas pipeline: government must tell the whole truth

Apropos 'IP gas pipeline' carried by Business Recorder on October 29, the government seems to have given a new twist to the issue of Iran-Pakistan gas pipeline project by generously conceding that financial constraints are the major reasons behind

Published 07 Nov, 2014 12:00am

Partly Facetious: Does Nawaz really need the Maulana?

"I propose exemplary punishment for those responsible for the cruel way the Christian couple was murdered."

Published 07 Nov, 2014 12:00am

PTCL introduces new Voluntary Separation Scheme

Pakistan Telecommunication Company Limited (PTCL) has introduced another Voluntary Separation Package for its employees that would be available for one month and effective from November 5. The VSS scheme is voluntary and highly rewarding and offers a wide

Published 07 Nov, 2014 12:00am

Guru Nanak's birthday: Bilawal felicitates Sikh community

Bilawal Bhutto Zardari, Chairman Pakistan Peoples' Party (PPP), has congratulated the Sikh community in Pakistan and the world over on the auspicious occasion of 546th birthday of Baba Guru Nanak Sahab. In a press statement, Bilawal Bhutto Zardari said "B

Published 07 Nov, 2014 12:00am

Imported goods: AGP tells FBR to ensure proper classification

The Auditor General of Pakistan (AGP) has directed the Federal Board of Revenue (FBR) to ensure that customs officials in the field formations must classify imported goods strictly according to First Schedule of the Customs Act, 1969 to avert revenue loss

Published 07 Nov, 2014 12:00am

Imported goods: AGP tells FBR to ensure proper classification

Published 07 Nov, 2014 12:00am

Rs 93 billion released under PWP-I & II: data being collected for third party audit, National Assembly body told

Cabinet Division is collecting data from the ministries to carry out third party audit of Rs 97.3 billion released through People's Works Programme (PWP-I &II). Cabinet Secretary Babar Yaqoob Fateh Muhammad informed the National Assembly's Standing Commit

Published 07 Nov, 2014 12:00am

Minister's absence: Senate panel postpones meeting in protest

The Senate Standing Committee on Communication Thursday expressed annoyance over the absence of state minister and secretary of communication and postponed the meeting in protest. The committee members went to the chamber of Chairman Senate Syed Nayyar Hu

Published 07 Nov, 2014 12:00am

PAC condemns killing of Christian couple

The Pakistani American Congress (PAC), an umbrella organisation of several Pakistani organisations in the United States of America, strongly condemns the brutal act of torching a Christian couple to death in the town of Kot Radha Kishan near Lahore.

Published 07 Nov, 2014 12:00am

Azeem Qureshi appointed GM PC Rawalpindi

Hashoo Group recently announces the appointment of Muhammad Azeem Qureshi as General Manager at the Pearl Continental Hotel, Rawalpindi, says a press release issued here on Thursday. Azeem has built a 20-year career in hospitality, a career that has taken

Published 07 Nov, 2014 12:00am

Sixth Pakistani in three weeks beheaded in Saudi Arabia

Saudi Arabia on Thursday executed a Pakistani for heroin smuggling, bringing to six the number of convicted Pakistani drug smugglers beheaded over the past three weeks. The sentence against Amin Allah Zar Gul was carried out in Riyadh after he was "found

Published 07 Nov, 2014 12:00am

Registration of new vehicles: AGP detects irregularities in WHT collection

Auditor General of Pakistan (AGP) has detected serious irregularities in collection of withholding tax on registration of new vehicles and 0.5 percent of the same tax on sale of immovable property by Islamabad Capital Territory (ICT). Auditor General of P

Published 07 Nov, 2014 12:00am

Filing of returns through IRIS web portal: FBR informed of problems in tax liability calculation

Large Taxpayer Unit (LTU) Karachi has conveyed to the Federal Board of Revenue (FBR) that corporate sector particularly oil exploration and production (E&P) and insurance companies are facing technical problems in calculating their tax liability in case o

Published 07 Nov, 2014 12:00am

Poor performance: TB control programme officials reprimanded

Dr Ramesh Kumar Vankwani reprimanded officials of TB Control Programme on Thursday for their slackness and failure to take effective measures to control tuberculosis (TB) across the country. Dr Ramesh, a PML-N MNA, chaired a meeting of National Assembly S

Published 07 Nov, 2014 12:00am

'100mmcfd gas in winters crucial for textile industry's survival,' Chairman APTMA

BR Research recently sat down in Lahore with S M Tanveer, Chairman All Pakistan Textile Mills Association (APTMA) to talk about the major concerns of the textile industry, especially the spinning and weaving units. S M Tanveer also owns Din Textile Mills

Published 07 Nov, 2014 12:00am

'100mmcfd gas in winters crucial for textile industry's survival,' Chairman APTMA

Published 07 Nov, 2014 12:00am

Cop martyred, terrorist killed in encounter

A police constable of the Special Police Force was martyred while one terrorist was killed on Thursday during an encounter with terrorists at a police check post near Mashugagar, Badabher. According to details, the police party deployed at the border chec

Published 07 Nov, 2014 12:00am

Prime Minister accepts Amir Bakhsh Bhutto's resignation

Prime Minister Nawaz Sharif has accepted the resignation of his Adviser Amir Bakhsh Bhutto. According to reports, Amir Bakhsh Bhutto resigned from his position after his father Mumtaz Ali Bhutto practically dissociated from the PML-N and a formal announce

Published 07 Nov, 2014 12:00am

PU delegation visits German University

Vice Chancellor of Punjab University Professor Dr Mujahid Kamran has visited Germany's Bielefeld University with a purpose to strengthen collaborative relations with German system of higher education. According to the spokesperson, the PU delegation consi

Published 07 Nov, 2014 12:00am

Japan to provide Rs 38 million grant to four NGOs

The Government of Japan has decided to extend financial support totalling US $377,920 (approx Rs 38 million) to four Pakistani NGOs, Al-Asar Development Organisation, Iraj Education and Development Foundation, Khadija Zaib Welfare Foundation and Friends W

Published 07 Nov, 2014 12:00am

US MIDDAY: gold, silver soar

Gold crawled higher early on Thursday, after the prior day's slump in prices to four-year lows tempted some buyers back to the market and as the dollar dipped on profit-taking. Spot gold was up 0.3 percent at $1,144.30 an ounce at 1433 EST (1933 GMT) in m

Published 07 Nov, 2014 12:00am

Oil down again as supply worry, dollar strength weigh

Oil markets fell on Thursday after a one-day spike as worries about high supplies returned to haunt traders, while the dollar pressed on with its rally which weighed on commodities priced in the currency. Benchmark Brent and US crude, however, ended off t

Published 07 Nov, 2014 12:00am

Russia's winter grains still at risk

Warm weather last week did not eliminate risks for Russia's fragile winter grain plantings, said a Moscow-based agriculture consultancy SovEcon, warning of a potential export decline next year from one of the world's key supplies. An early cold spell this

Published 07 Nov, 2014 12:00am

Gold rises in Europe

Gold edged higher on Thursday as a slump in prices to four-year lows tempted some buyers back to the market, but moves were muted ahead of key US non-farm payrolls data due at the end of the week. Fresh strength in the dollar - a rally in which knocked pr

Published 07 Nov, 2014 12:00am

Gold ticks up in Asia

Gold edged up slightly on Thursday as the dollar took a breather after a sharp rally, but the safe-haven metal continued to languish near its lowest level since April 2010 with fears mounting that $1,000 an ounce is the next target. Spot gold ticked up 0.

Published 07 Nov, 2014 12:00am

Gold tumbles in New York

Gold sank about 2 percent on Wednesday to its lowest since mid-2010, potentially opening the way for a fall to $1,000 as a surging US dollar weakened the investment case for non-yielding bullion. Silver's fall as much as 5 percent to its weakest since Feb

Published 07 Nov, 2014 12:00am

Sugar and coffee down

New York ICE sugar futures on Thursday hit a one-month low, pressured by a strengthening dollar and plentiful nearby supplies, while arabica coffee eased with a focus on the impact of rains on production in Brazil. Cocoa futures held steady, weighed by am

Published 07 Nov, 2014 12:00am

Palm oil falls

Malaysian palm oil futures fell to their lowest in over a week on Thursday, reversing gains made earlier in the session as a turn lower in crude oil prices triggered a sell off, traders said. "The weaker tone in crude oil, and a slight improvement in the

Published 07 Nov, 2014 12:00am

Wheat drops on sluggish export prospects

US wheat futures on Wednesday fell 1.1 percent to their lowest in more than a week on poor export demand for US supplies and pressure from a firm US dollar, traders said. Corn and soyabeans rose, snapping two-session losing streaks on a round of short-cov

Published 07 Nov, 2014 12:00am

Rotterdam vegetable oil prices

Thursday's Rotterdam vegetable oil prices at 1700 GMT.

Published 07 Nov, 2014 12:00am

Rotterdam vegetable oil prices

Thursday's Rotterdam vegetable oil prices at 1700 GMT.

Published 07 Nov, 2014 12:00am

Rubber gains

Benchmark Tokyo rubber futures gained on Thursday, helped by lower yen and market talk that the state-run Rubber Estate Organisation (REO) in Thailand had bought about 400 tonnes of rubber to help support prices, dealers said. The Tokyo Commodity Exchange

Published 07 Nov, 2014 12:00am

Copper steadies

Copper steadied on Thursday after comments by the European Central Bank indicating readiness to use additional measures to shore up the economy offset worries about economic growth in top metals consumer China and a weak euro. European equities rallied af

Published 07 Nov, 2014 12:00am

Shanghai copper drops

The most-traded January copper contract on the Shanghai Futures Exchange was down around 0.3 percent at 46,760 yuan ($7,650) on Wednesday and it remained under further pressure from a stronger US dollar and more signs of slowing economic growth in Europe

Published 07 Nov, 2014 12:00am

ICE cotton hits two-week low

ICE cotton fell in choppy trade on Wednesday, under pressure from the rolling of closely watched index funds and expectations that the US government will increase its projections for excess global inventories in a monthly forecast next week. The most-acti

Published 07 Nov, 2014 12:00am

Libya parliament rejects supreme court decision to nullify it

Libya's internationally recognised parliament on Thursday rejected a supreme court decision to nullify it, saying the ruling was taken "under the threat of arms". "The House of Representatives rejects the verdict under these conditions and says it is stil

Published 07 Nov, 2014 12:00am

Flamboyant gypsy guitarist Manitas de Plata dies

Flamenco great Manitas de Plata, the gypsy guitarist of humble origins feted by artists Picasso and Dali, has died in France at the age of 93. The son of a horse trader, he was born Ricardo Baliardo in a gypsy caravan at Sete in the south of France in 192

Published 07 Nov, 2014 12:00am

Egypt train bomb death toll rises to four

A bomb on a train in Egypt killed four people including two policemen, officials said Thursday, while blasts in the Cairo metro and near a presidential palace wounded several others. The makeshift bomb exploded in a carriage late on Wednesday as policemen

Published 07 Nov, 2014 12:00am

US-led Syria strikes hit Qaeda, Islamist rebels

US-led air strikes in Syria hit al Qaeda-linked militants and an Islamist rebel brigade in a rare expansion of weeks-long raids targeting the Islamic State group, a monitor said Thursday. American media reported that 24-year-old French bomb-maker David Dr

Published 07 Nov, 2014 12:00am

Gaza cucumbers reach West Bank for first time in seven years

Israel on Thursday allowed the export of Gazan cucumbers to the West Bank for the first time in seven years, a Palestinian official at the Kerem Shalom commercial crossing told AFP. "A first lorry-load of cucumbers from Gaza reached Hebron in the southern

Published 07 Nov, 2014 12:00am

Putin cannot avoid me: Australia Prime Minister

Australian Prime Minister Tony Abbott on Thursday warned Vladimir Putin he will not be able to avoid a "conversation" over the loss of Australian lives in the downing of Flight MH17 over Ukraine. Last month Abbott vowed to "shirtfront" the Russian preside

Published 07 Nov, 2014 12:00am

India to appoint new defence minister

India will appoint a new defence minister, a senior party official and another source told Reuters on Thursday, in a move that would allow the current minister, Arun Jaitley, to focus on his main job of steering the economy out of troubled waters. Since P

Published 07 Nov, 2014 12:00am

Ukraine isolates rebel territory with passports rule

Ukraine announced passport controls around pro-Russian separatist territories Thursday, as heavy artillery fire erupted in rebel-held Donetsk and Russia accused its neighbour of "crudely" violating the cease-fire. Ukraine's border guards service said anyo

Published 07 Nov, 2014 12:00am

Murdoch's Fox gets lift from 'Apes' sequel

Strong box-office results from "Dawn of the Planet of the Apes" helped produce stronger-than-expected results Tuesday for Rupert Murdoch's media-entertainment group 21st Century Fox. Murdoch's conglomerate, which includes the Fox studios, reported a net p

Published 07 Nov, 2014 12:00am

Opec sees global energy demand soaring 60 percent by 2040

Global energy demand will increase by 60 percent by 2040 compared to 2010 levels, Opec said Thursday, with greenhouse-gas-emitting fossil fuels remaining by far humanity's main source of power. World oil output is projected to soar from 81.8 million barre

Published 07 Nov, 2014 12:00am

Turkish Prime Minister announces plans to boost economy

Prime Minister Ahmet Davutoglu presented a programme on Thursday to boost the Turkish economy, including reducing its dependence on imports and boosting domestic energy resources, as growth continues to lag below target. Turkey last month slashed its grow

Published 07 Nov, 2014 12:00am

US jobless claims, wages data point to tightening market

The number of Americans filing new claims for unemployment benefits fell more than expected last week and compensation accelerated in the third quarter, in the latest signs of tightening labour market conditions. Thursday's upbeat data underscored the res

Published 07 Nov, 2014 12:00am

UK industrial output rebounds

British industry grew faster than expected in September as a major oil field came back on stream and car production rebounded, a positive end to an otherwise soft third quarter for production. Thursday's official data showed industrial output rose 0.6 per

Published 07 Nov, 2014 12:00am

BoE holds rates again amid global strains

The Bank of England maintained its record-low interest rates and stimulus package on Thursday, as policymakers balanced slowing domestic inflation and weaker growth, amid global economic uncertainty. The central bank's nine-member monetary policy committe

Published 07 Nov, 2014 12:00am

Travel chaos hits Germany as train drivers widen strike

German train drivers extended their unprecedented nation-wide strike Thursday to passenger services, causing travel chaos for millions and drawing fierce criticism. The work stoppage by the GDL trade union hit long-distance and regional rail services as w

Published 07 Nov, 2014 12:00am

Australian employment rebounds

Australian employment rebounded in October to keep the jobless rate steady at 6.2 percent, though lingering concerns about the reliability of the data still led investors to sell the local dollar to four-year lows. Thursday's figures from the Australian B

Published 07 Nov, 2014 12:00am

Luxembourg, Juncker under fire after global tax leaks

Luxembourg and its former premier Jean-Claude Juncker - now head of the European commission - came under fire Thursday after leaked documents showed the tiny nation gave hundreds of global firms huge tax breaks. Household names such as Pepsi, IKEA and Deu

Published 07 Nov, 2014 12:00am

Bulgarian bank stripped of licence, headed for insolvency

Bulgaria's fourth-biggest bank has been stripped of its licence and will face insolvency proceedings, the central bank said Thursday, five months after accounts were frozen following a run. "The BNB has revoked the banking licence of Corporate Commercial

Published 07 Nov, 2014 12:00am

China central bank pledges policy support as risks to growth rise

China's central bank pledged on Thursday to maintain modest policy support to help the world's second-largest economy weather increasing headwinds in the near term but stressed that it will not flood markets with cash. Yet at the same time, the central ba

Published 07 Nov, 2014 12:00am

Watchdog cuts extra capital requirements for UBS, Credit Agricole

Switzerland's UBS and France's Credit Agricole have been deemed by regulators as less important to the global financial system than a year ago and will not have to hold as much extra capital as previously forecast. In contrast, Agricultural Bank of China

Published 07 Nov, 2014 12:00am

Airbus signs deal with Chinese firm for 100 planes

European aerospace giant Airbus announced Thursday it had signed a preliminary deal to supply the China Aircraft Leasing Company with 100 planes, a contract worth around $10.2 billion (8.1 billion euros) at catalogue prices. The Chinese leasing firm wants

Published 07 Nov, 2014 12:00am

Germany plans extra 10 billion euros in public investment by 2018

Germany plans an additional 10 billion euros ($12 billion) in public investment by 2018, its finance minister said Thursday, amid calls by some EU partners to do more to help the eurozone economy. "I will propose to the cabinet that we allocate additional

Published 07 Nov, 2014 12:00am

China presses case at Apec summit for free trade deal

China on Tuesday pressed its case for measures to help kick-start an Asia-Pacific regional free trade area at an upcoming summit in Beijing, a framework that some see as an effort to draw attention away from a separate US-backed trade deal. China is promo

Published 07 Nov, 2014 12:00am

Indian minister says economic reform a 'long journey'

Reforming India's flagging economy will be a "long journey", the country's finance minister told foreign investors on Wednesday, playing down the prospects of "big-bang" changes. Arun Jaitley warned there were no quick fixes for India's economic woes, tel

Published 07 Nov, 2014 12:00am

UAE economy recovering at fast pace: IMF

The United Arab Emirates economy, the Arab world's second largest, is recovering at pace from the global financial crisis but remains threatened by low oil prices, the IMF said Wednesday. "Economic recovery has continued at a solid pace, supported by cons

Published 07 Nov, 2014 12:00am

Fraud could bankrupt Danish fuel firm shortly after IPO

A Danish supplier of ship fuel, OW Bunker, said on Thursday it risked bankruptcy after discovering that fraud at its subsidiary in Singapore had cost it up to $125 million (100 million euros). The group said it had been informed about fraud committed by s

Published 07 Nov, 2014 12:00am

Fraud could bankrupt Danish fuel firm shortly after IPO

Published 07 Nov, 2014 12:00am

New York cotton

The fluctuations observed during the day:

Published 07 Nov, 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 07 Nov, 2014 12:00am

New York cotton

The fluctuations observed during the day:

Published 07 Nov, 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 07 Nov, 2014 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 15	281.68
USD PKR Interbank Buying / May 15	281.43
USD to Japanese Yen / May 15	145.80
USD to Swiss Franc / May 15	0.84
Pound Sterling to USD / May 15	1.33
Euro to USD / May 15	1.12
UK LIBOR % / May 14	4.96

Stock	Volume
S&P 500 / May 14	5,892.58
Nasdaq / May 14	19,146.81
Dow Jones / May 14	42,051.06
India Sensex / May 15	80,937.53
Tokyo Nikkei / May 15	37,755.51
Hang Seng / May 15	23,453.16
FTSE 100 / May 15	8,561.58
Germany DAX 30 / May 15	23,462.44
France CAC40 / May 15	7,814.71

Item	Value
Karachi Cotton PKR/37.32 KG / May 14	16,985
Gold 10 Grams PKR / May 14	293,124
Petrol/Litre / May 15	252.63
Crude Oil USD/Barrel / May 15	60.66
Gold Spot USD/Ounce / May 15	3,162.99
Diesel/Litre / May 15	256.64
Cotton US¢/pound / May 15	65.21

Gainers
Losers
Leaders

Stock	Price
Cres.Star Ins. / May 15 Crescent Star Insurance Limited(CSIL)	3.02 ▲ 0.41 (15.71%)
Parmount Sp. / May 15 Paramount Spinning Mills Limited(PASM)	3.70 ▲ 0.46 (14.2%)
Ghani Chemworld / May 15 Ghani Chemworld Limited(GCWL)	9.14 ▲ 1 (12.29%)
S.G.Power / May 15 S.G. Power Limited(SGPL)	8.65 ▲ 0.94 (12.19%)
Premier Insurance / May 15 Premier Insurance Limited(PINL)	5.83 ▲ 0.63 (12.12%)
Dewan Mushtaq / May 15 Dewan Mushtaq Textile Mills Limited(DMTM)	9.83 ▲ 1 (11.33%)
Hala Enterprise / May 15 Hala Enterprises Limited(HAEL)	13.26 ▲ 1.21 (10.04%)
P.T.C.L. / May 15 Pakistan Telecommunication Company Ltd(PTC)	22.06 ▲ 2.01 (10.02%)
Flying Cement / May 15 Flying Cement Company Limited(FLYNG)	49.46 ▲ 4.5 (10.01%)
Octopus Digital / May 15 Octopus Digital Limited(OCTOPUS)	52.09 ▲ 4.74 (10.01%)

Stock	Price
Olympia Mills / May 15 Olympia Mills Limited(OML)	50.47 ▼ -5.06 (-9.11%)
Hussain Industries / May 15 Husein Industries Limited(HUSI)	26.65 ▼ -2.64 (-9.01%)
Apna Microfin. / May 15 Apna Microfinance Bank Limited(AMBL)	10.04 ▼ -0.91 (-8.31%)
Askari Life Assur. / May 15 Askari Life Assurance Company Limited(ALAC)	4.63 ▼ -0.35 (-7.03%)
Imperial Limited / May 15 Imperial Limited(IML)	16.52 ▼ -1.23 (-6.93%)
B. F. Mod. / May 15 B.F. Modaraba(BFMOD)	8.73 ▼ -0.61 (-6.53%)
Punjab Oil / May 15 Punjab Oil Mills Limited(POML)	186.82 ▼ -11.54 (-5.82%)
Equity Modaraba / May 15 First Equity Modaraba(FEM)	2.85 ▼ -0.16 (-5.32%)
Pakgen Power / May 15 Pakgen Power Limited(PKGP)	114.14 ▼ -6.39 (-5.3%)
Ashfaq Textile / May 15 Ashfaq Textile Mills Limited(ASHT)	12.34 ▼ -0.68 (-5.22%)

Stock	Volume
Pak Refinery / May 15 Pakistan Refinery Limited(PRL)	50,818,876 ▲ 2.68
Cnergyico PK / May 15 Cnergyico PK Limited(CNERGY)	47,570,881 ▲ 0.48
K-Electric Ltd. / May 15 K-Electric Limited(KEL)	40,246,546 ▲ 0.16
Kohinoor Spining / May 15 Kohinoor Spinning Mills Limited(KOSM)	32,888,417 ▲ 0.18
At-Tahur Ltd. / May 15 At-Tahur Limited(PREMA)	29,667,657 ▲ 4.48
Sui South Gas / May 15 Sui Southern Gas Company Limited(SSGC)	25,344,612 ▲ 0.91
Waves Corporation / May 15 Waves Corporation Limited(WAVES)	21,773,148 ▲ 0.29
Pak Petroleum / May 15 Pakistan Petroleum Limited(PPL)	16,962,449 ▲ 3.34
B.O.Punjab / May 15 The Bank of Punjab(BOP)	16,957,410 ▲ 0.15
WorldCall Telecom / May 15 Worldcall Telecom Limited(WTL)	16,572,822 ▲ 0.03

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