News Archives for Print - 2014-11-17

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Print - 2014-11-17

The Weather

The weather report on Sunday (November 16, 2014) and the forecast for Monday (November 17, 2014).

Published 17 Nov, 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 17 Nov, 2014 12:00am

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (November 10 to 14, 2014).

Published 17 Nov, 2014 12:00am

Aaj TV - Monday's schedule

All timings are in PST (Pakistan Standard Time).

Published 17 Nov, 2014 12:00am

Decision to supply gas to industries in Punjab hailed

The industrialists, manufacturers and textile millers have welcomed the government decision to defer the suspension of natural gas to industries of Punjab and appealed to the government to help in survival of industry to meet the demand of foreign buyers,

Published 17 Nov, 2014 12:00am

1,200 militants killed during five-month offensive

The army has killed 1,200 suspected militants in an anti-Taliban offensive during the past five months, seriously reducing the group's ability to carry out attacks, senior officers said on Sunday during a rare trip to the conflict zone. The ongoing operat

Published 17 Nov, 2014 12:00am

Government urged to ensure minimum wheat price at Rs 1,300/40kg

Small growers of Khyber Pakhtunkhwa, urged the provincial government to ensure minimum wheat price not less than Rs 1,300 per 40 kg to Rs 1,500 per 40 kg, as they said the higher input cost and lower support price will further ruin farmers, working day an

Published 17 Nov, 2014 12:00am

'Building legislative capacity is our prime objective,'Executive Director, PIPS

Mahmood Saleem Mahmood joined civil service in 1974. Over his 36-year public career, he has worked in senior positions in organisations like FBR, CDA, FIA, PM secretariat and the President House. In the last ten years of his service, he served in differen

Published 17 Nov, 2014 12:00am

'Building legislative capacity is our prime objective,'Executive Director, PIPS

Published 17 Nov, 2014 12:00am

Global moot on Afghanistan

In a major development, China has hailed an international conference on Afghanistan that it said agreed to launch dozens of programmes to boost development and help the country maintain peace as foreign forces draw down.

Published 17 Nov, 2014 12:00am

G20 action plan no way to save lives, activists say

The leaders of the G20 leading economies were supposed to act as "lifesavers" in the view of the political activists at the Brisbane summit. But in the end the heads of state and government of the largest industrialised and emerging countries found themse

Published 17 Nov, 2014 12:00am

Rejoinder by MoF: 'Sit-ins and economy'

This is with reference to Dr Ashfaque Hasan Khan's article, "Sit-ins and economy" carried by Business Recorder on 3rd November 2014 in which he has raised the question whether sit-ins or dharnas adversely affected the economic activities in the cou

Published 17 Nov, 2014 12:00am

China: investment or loan?

The recent three-day official visit to China by Prime Minister Nawaz Sharif and his brother, Punjab Chief Minister Shahbaz Sharif led to the signing of projects valued at 42 billion dollars with the Chinese authorities. It is unclear whether this amount i

Published 17 Nov, 2014 12:00am

Appeasing Kashmiri voters

As elections to Occupied Kashmir state assembly draw near the Modi administration's tactics to appease Muslim voters have perceptibly multiplied. The first phase of elections in Occupied Kashmir will be held on November 25, and Prime Minister Modi would b

Published 17 Nov, 2014 12:00am

KASB: Has SBP erred on the side of justice?

The State Bank of Pakistan has declared a moratorium on KASB Bank. The central bank has allowed withdrawal of up to Rs 300,000 and, is of the opinion that 92.33 percent of the depositors can continue to operate their accounts. This is the first time that

Published 17 Nov, 2014 12:00am

MH17 wreckage removal starts in east Ukraine

Work started Sunday to remove the wreckage of Malaysia Airlines flight MH17 from rebel-held territory in eastern Ukraine, four months after it was shot down, killing 298 passengers and crew. Dutch experts supervised a crew from the separatist self-proclai

Published 17 Nov, 2014 12:00am

Pop idol's funeral draws biggest crowds in Iran since 2009 unrest

The funeral of Iranian pop idol Morteza Pashaie on Sunday drew the biggest crowds seen in Iran since mass protests in 2009 rocked the Islamic Republic. Pashaie, who died on Friday of pancreatic cancer at the age of 30, was a singer-composer who won a big

Published 17 Nov, 2014 12:00am

Producer of fake 'Syrian hero boy' video apologises

The producer of a viral video showing a Syrian boy rescuing a girl under gunfire apologised Sunday after the revelation it was fake drew fierce criticism. "We stand for our good intention behind this but we're also sorry if it is making some harm and we'r

Published 17 Nov, 2014 12:00am

Ukraine 'ready for total war' says Poroshenko

Ukrainian President Petro Poroshenko claimed his country was "prepared for total war" as fighting continued Sunday around the rebel stronghold of Donetsk. After a week in which Kiev said several unmarked armoured convoys of troops crossed the Russian bord

Published 17 Nov, 2014 12:00am

Chinese medics in Liberia to beef up Ebola fight

A large team of Chinese health workers arrived in Liberia to boost the Ebola fight as a US-based doctor infected in Sierra Leone was described as being "extremely ill". The 160-strong Chinese deployment to the west African country worst hit by the virus c

Published 17 Nov, 2014 12:00am

Obama rules out alliance with Assad against IS

US President Barack Obama on Sunday rejected any alliance with Bashar al-Assad against the Islamic State group, arguing that the Syrian ruler was illegitimate and that any such pact would backfire.

Published 17 Nov, 2014 12:00am

Netherlands bans poultry transport after discovering bird flu

Dutch officials on Sunday banned the transport of poultry in the Netherlands after the discovery of a highly infectious strain of bird flu which could jump to humans. The "highly pathogenic" form of avian influenza discovered at a farm in the centre of th

Published 17 Nov, 2014 12:00am

Baby body parts found in Bangkok package destined for US

The body parts of several babies have been found in a parcel destined for the United States, Thai police said Sunday. A baby's head, several feet and "sheets of skin" - including one taken from an adult and bearing a large tattoo - were discovered Saturda

Published 17 Nov, 2014 12:00am

South Korean throws hat in ring for trademark Napoleon headgear

A two-cornered hat that belonged to French emperor Napoleon Bonaparte was sold to a South Korean bidder for 1.9 million euros ($2.4 million) at auction near Paris on Sunday. Jean-Pierre Osenat of the Osenat auction house in Fontainebleau said the buyer ac

Published 17 Nov, 2014 12:00am

Japan confirms $1.5 billion for UN fund on climate change

Japan confirmed Sunday plans to give up to $1.5 billion to the UN-backed Green Climate Fund, joining a US pledge of $3 billion to mitigate the impact of global warming on poor nations. The move was flagged by Japanese media ahead of the summit of G20 lead

Published 17 Nov, 2014 12:00am

Romanian Prime Minister tipped to win presidential poll

Romanians voted on Sunday to choose their next president, with Prime Minister Victor the overwhelming favourite to win despite fears he could roll back reforms. But anger was mounting over obstacles faced by Romanians trying to vote abroad in the second-r

Published 17 Nov, 2014 12:00am

11th annual P@SHA ICT Award ceremony held

Pakistan Software Houses Association for IT (P@SHA) organized its 11th annual P@SHA ICT Awards-2014 ceremony at an impressive ceremony held at a local hotel on Friday.

Published 17 Nov, 2014 12:00am

SU and Malaysian university sign MoU to promote research

The Area Study Center of Sindh University signed a memorandum of understanding (MoU) with the Perlis University, Malaysia to promote research and academic co-operation between the two institutions of higher learning.

Published 17 Nov, 2014 12:00am

AGP detects Rs 17,491 million unauthorised expenditure by KP government

The Auditor General of Pakistan (AGP) has detected huge unauthorised expenditure of Rs 17,491.53 million in 47 cases in the accounts of the government of Khyber Pakhtunkhwa during financial year 2011-12.

Published 17 Nov, 2014 12:00am

Nisar meets Shahbaz

Federal Interior Minister Chaudhry Nisar Ali Khan met Punjab Chief Minister Muhammad Shahbaz Sharif, here Tuesday. During the meeting, steps regarding eradication of terrorism, law & order and the current situation came under discussion. Federal Interior

Published 17 Nov, 2014 12:00am

Dental education: LUMHS organises Pakistan's first moot

Governor Sindh Dr Ishrat Ul Ebbad Khan inaugurated the Dental Skill Lab and Pakistan's Pioneer National Conference on Dental Education at Liaquat University of Medical & Health Sciences Jamshoro the other day.

Published 17 Nov, 2014 12:00am

CNG stations: non-supply of gas adds to the miseries of commuters

Non-supply of gas to compressed natural gas (CNG) stations for three days in a week has resulted in shortage of public transport on the city roads, thereby compounding the problems of commuters.

Published 17 Nov, 2014 12:00am

CNG stations: 'SSGC to provide desired gas pressure level'

Sui Southern Gas Company (SSGC) would provide desired level of gas pressure to all CNG stations during the winter season. This was stated by Managing Director of SSGC Shoaib Warasi in a meeting with a delegation of All Pakistan CNG Association (APCNGA) Si

Published 17 Nov, 2014 12:00am

MQM membership drive: hurdles being created in Punjab: Khalid Maqbool

Deputy Convenor of Muttahida Qaumi Movement (MQM) Khalid Maqbool Siddiqui has alleged that hurdles were being created in the party membership campaign in Punjab. In statement issued here on Sunday, Khalid Maqbool complained for getting threats in the Punj

Published 17 Nov, 2014 12:00am

JI invites NPT to Ijtema

Jamaat-i-Islami (JI) deputy chief Hafiz Muhammad Idrees on Sunday contacted Nazria-e-Pakistan Trust Secretary General Shahid Rashid and invited him to the JI Ijtema at the Minar-e-Pakistan, Lahore. The JI leader on the occasion said that the JI was starti

Published 17 Nov, 2014 12:00am

SCA asks government to implement fixed rate of sugarcane

Sindh Chamber of Agriculture (SCA) has demanded of the government to implement the sugarcane's fixed rate of Rs 182 per 40 kilogram. The chamber has also decided to become party to the petition filed in Sindh High Court by the Sugar Mills Association. The

Published 17 Nov, 2014 12:00am

One killed, nine injured in Khuzdar blast

One person was killed and nine others wounded in a blast in the Khuzdar city of Balochistan on Sunday. Majeed Marri, a police officer, told media persons that the bomb went off near the Arbab Complex area of Khuzdar district. The blast damaged shops and s

Published 17 Nov, 2014 12:00am

Portugal Legionnaire's outbreak 'major public health emergency'

An outbreak of Legionnaire's disease in Portugal that has killed five people in less than a week constitutes a "major public health emergency", the World Health Organisation warned on November 11. The UN health agency said Portugal had notified it of a "l

Published 17 Nov, 2014 12:00am

Cannabis addictive, scrambling young brains

Cannabis is highly addictive, with one in six teenage users becoming dependent on it, risking damage to their brains and doubling their risk of schizophrenia, a scientist specialising in addiction warns. Young people who regularly smoke pot do less well a

Published 17 Nov, 2014 12:00am

Very few drugs, trial sites in search for Ebola cure: WHO

Only a handful of drugs could potentially be tested on humans in the search for an Ebola cure, with even fewer sites equipped to host such trials, the World Health Organisation said on November 14. The UN health agency briefing came a day after aid agency

Published 17 Nov, 2014 12:00am

World's oldest people share no genetic secrets

Think the reason some people live beyond the age of 100 is because of their genes? Think again. US scientists said on November 12 that they've found no genetic secrets shared between a group of 17 supercentenarians, or those who have lived beyond 110. "Fr

Published 17 Nov, 2014 12:00am

Anti-typhoid gene may improve vaccines

Scientists said on November 10 they had found a variant of a gene that confers a near five-fold protection against typhoid fever, which affects millions of people each year. The discovery, that came from screening the genomes of hundreds of infected peopl

Published 17 Nov, 2014 12:00am

'Virus may affect mental abilities'

People with an algae virus in their throats had more difficulty completing a mental exercise than healthy people, and more research is needed to understand why, US scientists say. A study in the Proceedings of the National Academy of Sciences showed that

Published 17 Nov, 2014 12:00am

Climate change may mean 50 percent more lightning by 2100

Lightning has the power to spark wildfires and kill, and scientists said on November 13 that climate change may lead to 50 percent more of it by century's end. The report in the US journal Science is based on measurements of precipitation and cloud buoyan

Published 17 Nov, 2014 12:00am

Robot dolphins give clues to Antarctic melt

Dolphin-sized robots are giving clues to a thaw of Antarctica's ice in a sign of how technology is revolutionising data collection in remote polar regions, scientists said on November 10. An international study led by the California Institute of Technolog

Published 17 Nov, 2014 12:00am

WHO sets guidelines for indoor pollution

The World Health Organisation on November 12 announced its first-ever guidelines for indoor air pollution related to cooking, heating and lighting, a problem estimated to kill more than four million people per year. Burning fuels such as unprocessed coal

Published 17 Nov, 2014 12:00am

New apps meet need for more privacy after over-sharing

Consumers concerned about over-sharing on public social networks are turning to private messaging apps to share texts, photos and videos with a limited group of people. Downloads of private social messaging apps increased 200 percent in 2013 over 2012, ma

Published 17 Nov, 2014 12:00am

Hackers could trick way into Apple gadgets: researcher

Cybersecurity firm FireEye warned Monday that hackers could trick owners of Apple gadgets into installing applications that steal information. US-based FireEye maintained that "masque attacks" made possible by a vulnerability in software running iPhones,

Published 17 Nov, 2014 12:00am

How to turn your PC's roar into a whisper

There's a lot of background noise one has to put up with in modern society. But if your desktop machine is adding to the cacophony, well, that's one source of sound irritation you can control. Everyone has their own tolerance level for PC noise. Germany's

Published 17 Nov, 2014 12:00am

Microsoft rolls out Skype for web browsers

Microsoft on Friday released a test version of Skype that lets people make Internet calls from web browsers, eliminating the need to install special applications. "It's perfect if you prefer using the web rather than an app: perhaps you're sitting at a co

Published 17 Nov, 2014 12:00am

Microsoft patches two-decade crack in Windows software

Microsoft issued an emergency patch Wednesday for a dangerous flaw that has existing in Windows operating software for nearly two decades. The vulnerability, disclosed by IBM security researchers, has been in every Windows operating system since 1995 and

Published 17 Nov, 2014 12:00am

Sony launching cable-style TV service

Japanese entertainment colossus Sony on Thursday said it will debut a cable-style television service delivered through its popular PlayStation video game consoles. Pricing was not disclosed for subscriptions to PlayStation Vue, which will debut with an in

Published 17 Nov, 2014 12:00am

From earphones to jet engines, 3D printing takes off

Many manufacturers are at an early stage of discovering the benefits of 3D printing, but one of the clearest strengths is customisation. At Normal, consumers can use a mobile app to photograph their ear, transmit the shots to the New York start-up's 3D pr

Published 17 Nov, 2014 12:00am

Keeping consumer foothold, GE launches 'connected home' products

Despite General Electric Co's impending sale of its appliances business, the company is not abandoning the consumer. The US conglomerate, along with start-up invention company Quirky, on Tuesday revealed seven "connected home" retail products that allow p

Published 17 Nov, 2014 12:00am

NEC rolls out counterfeit spotting technology

Japan's NEC on Monday unveiled a technology that sniffs out even the most convincing counterfeits by reading microscopic patterns on everything from a luxury purse to a metal bolt. The technology can be also be used to trace the origin of mass-produced of

Published 17 Nov, 2014 12:00am

Selfie Vista provides self-portraits with a view

A selfie is fine and good, but many a person has presumably looked at one and wondered: "But what were they looking at?" The app Selfie Vista for iOS should solve that problem. The free service uses the cameras in the front and back of a device to take si

Published 17 Nov, 2014 12:00am

Skobbler releases new, free navigation app for offline

Scout, the latest version of the offline navigation app from Skobbler, is available for free download for both Android and iOS users. The download includes a map for a country of the user's choice, announced the company, which was recently purchased by US

Published 17 Nov, 2014 12:00am

Make OneNote searches easier by employing categories

OneNote, Microsoft's note-taking software has a pretty good search function. However, if you organise your entries by category, you'll make finding things even simpler. Just click on individual notes in the Start field and then pick the appropriate catego

Published 17 Nov, 2014 12:00am

Sans Nokia name: Microsoft unveils first Lumia smartphone

Microsoft Corp said it would roll out its Lumia 535 smartphone this month with an affordable price tag in its key markets, dropping the Nokia name just months after buying the Finnish company's handset business. Loaded with its latest Windows Phone 8.1 op

Published 17 Nov, 2014 12:00am

Blackberry Messenger texts can now come with expiration date

Messages sent with Blackberry machines can now be set so they're only viewable for certain periods of time, an option the company says will help with data security. The Timed Message function allows users to set an expiration date by which the message and

Published 17 Nov, 2014 12:00am

Maersk's third quarter profit beats forecasts

Danish shipping and oil group A.P. Moller-Maersk's third-quarter net profit beat expectations, boosted by a strong performance at its container shipping business Maersk Line. Net profit rose 25 percent to $1.5 billion compared with the same period last ye

Published 17 Nov, 2014 12:00am

Maersk's third quarter profit beats forecasts

Published 17 Nov, 2014 12:00am

SingTel second quarter profit up 19 percent

Singapore Telecommunications Ltd, Southeast Asia's largest telecommunications operator, reported a 19 percent rise in second-quarter net profit on November 13, helped by higher contributions from its regional associates. SingTel posted a net profit of S$1

Published 17 Nov, 2014 12:00am

SingTel second quarter profit up 19 percent

Published 17 Nov, 2014 12:00am

LSE first-half revenue rises

London Stock Exchange Group reported an 18 percent rise in first-half revenue on November 13, as its diversification strategy continued to bear fruit. Revenue for the six months to September 30 rose to 592.6 million pounds ($934.7 million) from 504.2 mill

Published 17 Nov, 2014 12:00am

Vodafone lifts earnings outlook higher as trading improves

Vodafone nudged its forecasts for core earnings higher on November 11 after reporting a sharp improvement in its main quarterly revenue measurement helped by growing demand for mobile services in its big European markets.

Published 17 Nov, 2014 12:00am

Air Arabia third quarter profit up 22 percent

UAE budget carrier Air Arabia reported a 22 percent rise in third-quarter net profit on November 11, beating analyst forecasts as passenger numbers increased. The airline said it made a net profit of 247.4 million dirhams ($74.71 million) for the period e

Published 17 Nov, 2014 12:00am

S&P, MSCI to make real estate a new index industry sector

A change in the way publicly traded companies are categorised will result in the creation of a separate real estate sector, bringing the number of Global Industry Classification Standard sectors to 11, S&P Dow Jones Indices and MSCI said. The real estate

Published 17 Nov, 2014 12:00am

Panasonic considering home appliance M&A in Europe: CEO

Japanese electronics conglomerate Panasonic Corp is considering M&A deals to bolster its position in the European home appliance market, its chief executive said on November 10, as it shifts its focus to growth following years of restructuring. "We need a

Published 17 Nov, 2014 12:00am

Telefonica Deutschland third quarter core profit drops

Telefonica Deutschland reported a 15-percent drop in quarterly core earnings as it increased spending on marketing to lure subscribers. The company, controlled by Spain's Telefonica, reported on November 10 a decline in fiscal third-quarter operating inco

Published 17 Nov, 2014 12:00am

Telefonica Deutschland third quarter core profit drops

Published 17 Nov, 2014 12:00am

'Abu Dhabi's Aldar to spend $1.08 billion in short term'

Aldar Properties plans to spend up to 4 billion dirhams ($1.08 billion) in the short-term, its chief financial officer said on November 13, after Abu Dhabi's largest property developer reported a 41 percent jump in third-quarter profit. Aldar is working o

Published 17 Nov, 2014 12:00am

Foreign oil firms to demand lucrative terms from Iran: Total

Iran will have to offer attractive terms to draw investment by international oil companies because the firms have become more risk-averse and focused on profitability, a senior executive of French oil company Total said. A few years ago, oil majors were w

Published 17 Nov, 2014 12:00am

Champion Ogier wins in Wales to end season in style

France's freshly-crowned world champion Sebastien Ogier rounded off the season in style on Sunday with back-to-back wins in the Wales Rally GB. The VW Polo driver, who defended his world rally championship title in Spain last month, saw off Mikko Hirvonen

Published 17 Nov, 2014 12:00am

Striker with defibrillator makes German history

Striker Daniel Engelbrecht has made history by becoming the first player in German professional football to play with a defibrillator after he nearly died from an inflammation of the heart.

Published 17 Nov, 2014 12:00am

South Africa win second ODI against Australia

South Africa struck back with a vengeance in the second one-day international against Australia at the WACA Ground in Perth on Sunday, levelling the series with a three-wicket win. Proteas skipper AB de Villiers had vowed his side would be seeking redempt

Published 17 Nov, 2014 12:00am

Federer withdraws from Tour Final showdown

Roger Federer pulled out of his ATP Tour Finals showdown with Novak Djokovic just before the final was due to start Sunday because of a back injury, casting doubt on his fitness ahead of the Davis Cup final.

Published 17 Nov, 2014 12:00am

Dominant Klitschko knocks out Pulev to retain IBF crown

World heavyweight champion Vladimir Klitschko knocked out Bulgarian challenger Kubrat Pulev with a fierce left hook in the fifth round on Saturday to retain his IBF title and end his opponent's unbeaten record. The 38-year-old Klitschko, who also holds th

Published 17 Nov, 2014 12:00am

Australia's youngest Test captain Ian Craig dies at 79

Ian Craig, Australia's youngest Test cricket captain, has died aged 79, Cricket Australia said on Sunday. Middle-order batsman Craig was the youngest player to play Test cricket for Australia when he debuted in 1953 at 17 years and 239 days.

Published 17 Nov, 2014 12:00am

Hafeez in doubt

Pakistan may have to play with two new openers in the second Test against New Zealand starting in Dubai from Monday, after all-rounder Mohammad Hafeez suffered a hamstring injury and was listed as doubtful. Hafeez scored an unbeaten hundred in the first T

Published 17 Nov, 2014 12:00am

Toss in focus for Misbah and McCullum as second Test begins

Rival captains Brendon McCullum and Misbah-ul Haq agreed Sunday that winning the toss would be important to the outcome of the second Test between Pakistan and New Zealand starting here on Monday. McCullum called heads and it came out tails in the toss in

Published 17 Nov, 2014 12:00am

India's Khan wins by a stroke in Thailand

India's Rashid Khan produced a strong back nine performance to win the Chiangmai Golf Classic by one shot for his second Asian Tour title on Sunday. Trailing overnight leader Thanyakon Khrongpha of Thailand by two strokes, the 23-year-old carded a four-un

Published 17 Nov, 2014 12:00am

McIlroy wins Race to Dubai title

World number one Rory McIlroy on Sunday was assured of capturing the 2014 Race to Dubai crown, rewarding the top European PGA Tour golfer of the year. The Northern Irishman was not playing this week in the season's penultimate tournament in Belek, Turkey,

Published 17 Nov, 2014 12:00am

England, Spain win

England and reigning champions Spain both secured home victories in Euro 2016 qualifying on Saturday as some of the continent's minnows again enjoyed outstanding results. A turgid Group E encounter between England and Slovenia at Wembley came to life in t

Published 17 Nov, 2014 12:00am

Bangladesh sweep Zimbabwe series

Hosts Bangladesh thrashed Zimbabwe by 186 runs in the third and final Test in Chittagong on Sunday to sweep the series 3-0. The tourists, set a tough winning target of 449, were bowled out for 262 in their second innings just before tea on the fifth day i

Published 17 Nov, 2014 12:00am

Forex transfer firms give pricey UK banks a run for their money

Working out of a shared office near London's Euston station, Michael Kent is part of a revolution that may be driven on by this year's row over alleged currency market manipulation by major banks. Kent's online business, Azimo, and more than 30 others in

Published 17 Nov, 2014 12:00am

Petrobras scandal may change Brazil forever, says Rousseff

A widening corruption scandal at state-run oil company Petroleo Brasileiro SA may change the country forever, Brazilian President Dilma Rousseff said on Sunday in her first public remarks since a sweeping police operation last week.

Published 17 Nov, 2014 12:00am

Merkel urges Europeans to speed up TTIP trade talks with US

German Chancellor Angela Merkel urged European nations on Sunday to speed up their negotiations with the United States over a Transatlantic Trade and Investment Partnership (TTIP) agreement between the US and EU.

Published 17 Nov, 2014 12:00am

IIFM launches collateralised murabaha standard

The Bahrain-based International Islamic Financial Market (IIFM) has launched a standard contract template for collateralised murabaha transactions, aiming to boost use of a sorely needed liquidity management tool for Islamic finance institutions. The stan

Published 17 Nov, 2014 12:00am

Saudi minister says oil must be left to supply and demand

The G20 summit in Brisbane did not focus on the instability of oil prices as there is general agreement that the issue must be left to supply and demand, Saudi Arabian Finance Minister Ibrahim Alassaf said on Sunday.

Published 17 Nov, 2014 12:00am

OPEC to keep production ceiling at summit: former adviser

OPEC will keep its production ceiling steady at its "toughest ever" meeting this month, a former adviser to oil kingpin Saudi Arabia said after global crude prices hit a four-year low. The 12-nation OPEC cartel, including the world's biggest crude produce

Published 17 Nov, 2014 12:00am

Qatar vows to change 'kafala' labour law

Qatar, host of the 2022 football World Cup, pledged Sunday to introduce new legislation to replace the controversial "kafala" sponsorship system and improve conditions for migrant workers by early 2015. The current law, which limits the rights of movement

Published 17 Nov, 2014 12:00am

Oil price slide hits Kuwait government income

Government revenues in Kuwait dropped 4.4 percent in the first half of the fiscal year due to sliding oil prices, but the energy-rich emirate still reported a healthy provisional surplus. Official figures posted Sunday on the finance ministry website put

Published 17 Nov, 2014 12:00am

Greece to seek extra debt relief as 'reward': Prime Minister

Prime Minister Antonis Samaras said Sunday that Greece would seek additional debt relief as a reward for a massive belt-tightening effort to slash its colossal debt. Samaras, in an opinion piece in Kathimerini newspaper, said Athens would "seek new relief

Published 17 Nov, 2014 12:00am

First leg of high-speed railway opened in Xinjiang

China opened the first stretch of a new high-speed railway in the western region of Xinjiang on Sunday, a milestone in the central government's efforts to promote economic development in restive hinterlands and bind them closer to the rest of China. The 5

Published 17 Nov, 2014 12:00am

China to cut 40 billion yuan a year in fees to spur business growth

China will cut roughly 40 billion yuan ($6.5 billion) a year in taxes and fees as part of an effort to stimulate the slowing economy, the State Council said. Starting January 2015, the government will scrap 42 administrative fees and 12 business registrat

Published 17 Nov, 2014 12:00am

The $375 billion: Europe wants to invest but doesn't have

New European Commission President Jean-Claude Juncker is preparing a 300 billion euro ($375 billion) investment plan he will present as a cornerstone of efforts to revive an ailing economy. But history suggests the programme risks becoming an exercise in

Published 17 Nov, 2014 12:00am

Ruble rebounds from brink but Russians wary

Russians sighed with relief when the ruble rebounded in recent days, but with painful memories of the financial crisis still fresh, many are rattled and fear the respite could prove short-lived. The ruble has been sliding for months, but it turned into a

Published 17 Nov, 2014 12:00am

Bangladesh's interbank forex and interest rates

Interbank buy/sell rates for the taka against the dollar on Sunday. 77.51-77.53 (previous 77.51-77.51).

Published 17 Nov, 2014 12:00am

Chinese money rates fall

China's money rates dropped slightly this week from already low levels last week, buoyed by an abundance of liquidity in the markets amid fresh talk of regulatory cash injections, traders said. There was speculation on Thursday that the People's Bank of C

Published 17 Nov, 2014 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 9	278.65
USD PKR Interbank Buying / Jan 9	278.45
USD to Japanese Yen / Jan 9	158.14
USD to Swiss Franc / Jan 9	0.91
Pound Sterling to USD / Jan 9	1.23
Euro to USD / Jan 9	1.03

Stock	Volume
S&P 500 / Jan 8	5,918.25
Nasdaq / Jan 8	19,478.88
Dow Jones / Jan 8	42,635.20
India Sensex / Jan 9	77,704.13
Tokyo Nikkei / Jan 9	39,516.87
Hang Seng / Jan 9	19,288.79
FTSE 100 / Jan 9	8,263.49
Germany DAX 30 / Jan 9	20,277.66

Item	Value
Karachi Cotton PKR/37.32 KG / Jan 8	18,285
Gold 10 Grams PKR / Jan 8	237,483
Petrol/Litre / Jan 9	252.66
Crude Oil USD/Barrel / Jan 9	73.16
Gold Spot USD/Ounce / Jan 9	2,659.11
Diesel/Litre / Jan 9	258.34

Gainers
Losers
Leaders

Stock	Price
Next Capital / Jan 9 Next Capital Limited(NEXT)	10.49 ▲ 1.00 (10.54%)
Ahmad Hassan / Jan 9 Ahmad Hassan Textile Mills Limited(AHTM)	59.90 ▲ 5.45 (10.01%)
Dadex Eternit / Jan 9 Dadex Eternit Limited(DADX)	64 ▲ 5.82 (10.00%)
Dawood Lawrencepur / Jan 9 Dawood Lawrencepur Limited(DLL)	325.73 ▲ 29.61 (10.00%)
D.M. Textile / Jan 9 D.M. Textile Mills Limited(DMTX)	66.64 ▲ 6.06 (10.00%)
JDW Sugar / Jan 9 JDW Sugar Mills Limited(JDWS)	995.45 ▲ 90.50 (10.00%)
Matco Foods Ltd / Jan 9 Matco Foods Limited(MFL)	48.59 ▲ 4.40 (9.96%)
Baba Farid Sugar / Jan 9 Baba Farid Sugar Mills Limited(BAFS)	48 ▲ 3.90 (8.84%)
Asim Textile / Jan 9 Asim Textile Mills Limited(ASTM)	16.42 ▲ 1.31 (8.67%)

Stock	Price
Cresent Jute / Jan 9 Crescent Jute Products Limited(CJPL)	4.81 ▼ -0.58 (-10.76%)
F.Credit & Inv / Jan 9 First Credit and Investment Bank Limited(FCIBL)	6.85 ▼ -0.79 (-10.34%)
Ali Asghar / Jan 9 Ali Asghar Textile Mills Limited(AATM)	70.94 ▼ -7.88 (-10.00%)
Air Link Com. / Jan 9 Air Link Communication Limited(AIRLINK)	191.54 ▼ -21.28 (-10.00%)
Liven Pharma / Jan 9 Liven Pharma Limited(LIVEN)	160.68 ▼ -17.85 (-10.00%)
Power Cem(Pref) / Jan 9 Power Cement (Pref)(POWERPS)	11.25 ▼ -1.25 (-10.00%)
Suhail Jute / Jan 9 Suhail Jute Mills Limited(SUHJ)	140.74 ▼ -15.64 (-10.00%)
Chakwal Spinning / Jan 9 Chakwal Spinning Mills Limited(CWSM)	61.70 ▼ -6.85 (-9.99%)
Frontier Ceram / Jan 9 Frontier Ceramics Limited(FRCL)	21.81 ▼ -2.42 (-9.99%)

Stock	Volume
WorldCall Telecom / Jan 9 Worldcall Telecom Limited(WTL)	520,199,852 ▼ -0.01
K-Electric Ltd. / Jan 9 K-Electric Limited(KEL)	48,176,163 ▼ -0.07
Cnergyico PK / Jan 9 Cnergyico PK Limited(CNERGY)	41,301,063 ▼ -0.31
Fauji Foods Ltd / Jan 9 Fauji Foods Limited(FFL)	34,830,810 ▼ -1.04
Sui South Gas / Jan 9 Sui Southern Gas Company Limited(SSGC)	27,158,451 ▼ -1.88
Pak Refinery / Jan 9 Pakistan Refinery Limited(PRL)	24,532,091 ▼ -1.53
Pak Elektron / Jan 9 Pak Elektron Limited(PAEL)	23,028,613 ▼ -0.87
Lotte Chemical / Jan 9 Lotte Chemical Pakistan Limited(LOTCHEM)	19,891,091 ▲ 0.34
B.O.Punjab / Jan 9 The Bank of Punjab(BOP)	19,667,050 ▼ -0.02

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