AGL 37.72 Decreased By ▼ -0.22 (-0.58%)
AIRLINK 168.65 Increased By ▲ 13.43 (8.65%)
BOP 9.09 Increased By ▲ 0.02 (0.22%)
CNERGY 6.85 Increased By ▲ 0.13 (1.93%)
DCL 10.05 Increased By ▲ 0.52 (5.46%)
DFML 40.64 Increased By ▲ 0.33 (0.82%)
DGKC 93.24 Increased By ▲ 0.29 (0.31%)
FCCL 37.92 Decreased By ▼ -0.46 (-1.2%)
FFBL 78.72 Increased By ▲ 0.14 (0.18%)
FFL 13.46 Decreased By ▼ -0.14 (-1.03%)
HUBC 114.10 Increased By ▲ 3.91 (3.55%)
HUMNL 14.95 Increased By ▲ 0.06 (0.4%)
KEL 5.75 Increased By ▲ 0.02 (0.35%)
KOSM 8.23 Decreased By ▼ -0.24 (-2.83%)
MLCF 45.49 Decreased By ▼ -0.17 (-0.37%)
NBP 74.92 Decreased By ▼ -1.25 (-1.64%)
OGDC 192.93 Increased By ▲ 1.06 (0.55%)
PAEL 32.24 Increased By ▲ 1.76 (5.77%)
PIBTL 8.57 Increased By ▲ 0.41 (5.02%)
PPL 167.38 Increased By ▲ 0.82 (0.49%)
PRL 31.01 Increased By ▲ 1.57 (5.33%)
PTC 22.08 Increased By ▲ 2.01 (10.01%)
SEARL 100.83 Increased By ▲ 4.21 (4.36%)
TELE 8.45 Increased By ▲ 0.18 (2.18%)
TOMCL 34.84 Increased By ▲ 0.58 (1.69%)
TPLP 11.24 Increased By ▲ 1.02 (9.98%)
TREET 18.63 Increased By ▲ 0.97 (5.49%)
TRG 60.74 Decreased By ▼ -0.51 (-0.83%)
UNITY 31.98 Increased By ▲ 0.01 (0.03%)
WTL 1.61 Increased By ▲ 0.14 (9.52%)
BR100 11,289 Increased By 73.1 (0.65%)
BR30 34,140 Increased By 489.6 (1.45%)
KSE100 105,104 Increased By 545.3 (0.52%)
KSE30 32,554 Increased By 188.3 (0.58%)
Dec 05, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2014-12-16
Israel government collapse is credit-negative: Moody's

Israel government collapse is credit-negative: Moody's

Moody's Investors Service said on Monday the collapse of Israel's governing coalition is negative for Israel's credit rating, but it took no action. "The political turbulence is credit-negative because it creates policy uncertainty, weighing on economic s
Published 16 Dec, 2014 12:00am
Israel government collapse is credit-negative: Moody's

Israel government collapse is credit-negative: Moody's

Moody's Investors Service said on Monday the collapse of Israel's governing coalition is negative for Israel's credit rating, but it took no action. "The political turbulence is credit-negative because it creates policy uncertainty, weighing on economic s
Published 16 Dec, 2014 12:00am
US industrial output rises in November

US industrial output rises in November

US industrial production shifted into higher gear in November, with factories pumping out more goods, especially motor vehicle products and energy products, official data showed Monday. Industrial output increased 1.3 percent in November as manufacturing
Published 16 Dec, 2014 12:00am
Australian budget deficit set to blow out to US$33.2 billion

Australian budget deficit set to blow out to US$33.2 billion

Australia's budget deficit is forecast to balloon to Aus$40.4 billion (US $33.2 billion) this financial year as the government struggles with a sharp slump in commodity prices, Treasurer Joe Hockey said Monday. In the national budget released in May, the
Published 16 Dec, 2014 12:00am
Apache to sell stakes in 2 LNG projects

Apache to sell stakes in 2 LNG projects

Apache Corp said it would sell its stakes in two LNG projects, Wheatstone LNG in Australia and Kitimat LNG in Canada, to Australia's Woodside Petroleum Ltd for $2.75 billion. Apache, under pressure from activist investor Jana Partners, said in July it pla
Published 16 Dec, 2014 12:00am
Belgian unions ground flights, halt trains in national strike

Belgian unions ground flights, halt trains in national strike

Belgian unions grounded all flights, halted all trains and closed hundreds of factories and offices in a nationwide strike on Monday in protest over the government's planned pension reforms and budget cuts. In the country's first general strike since 2005
Published 16 Dec, 2014 12:00am
Prince Talal to launch Arab news channel

Prince Talal to launch Arab news channel

Saudi billionaire businessman Prince Alwaleed bin Talal is to launch an Arab satellite news channel on February 1, vowing to "break the mould" in a crowded field. Bahrain-based Alarab News Channel, broadcasting in Arabic, said Monday it would usher in "a
Published 16 Dec, 2014 12:00am
India's inflation rate flat, raising rate cut hopes

India's inflation rate flat, raising rate cut hopes

India's wholesale inflation fell to a five-and-a-half-year low driven by ongoing falls in fuel and food prices, data showed Monday, boosting expectations of an interest rate cut early next year. The Wholesale Price Index, India's inflation measure with th
Published 16 Dec, 2014 12:00am
Most Gulf markets stabilise as oil's plunge pauses

Most Gulf markets stabilise as oil's plunge pauses

Most Middle East stock markets became more stable on Monday, after plunging in previous days, as the price of oil recovered slightly. But fund managers said it was by no means clear that any sustained recovery of stock prices was starting. Brent crude cli
Published 16 Dec, 2014 12:00am
Sri Lankan stocks slightly weaker

Sri Lankan stocks slightly weaker

Sri Lankan stocks ended weaker for a third straight session on Monday, led by market heavyweight John Keells Holdings as investors remained cautious ahead of the January 8 presidential poll next month. The main stock index ended 0.08 percent, or 6.11 poin
Published 16 Dec, 2014 12:00am
Wall Street slides along with crude prices

Wall Street slides along with crude prices

US stocks slid on Monday with investors shunning risk as oil prices tumbled to fresh 5-1/2 year lows. Brent neared $60 per barrel at its session low and US crude dipped under $56. Both have fallen nearly 50 percent from highs in June. The S&P 500 was trad
Published 16 Dec, 2014 12:00am
Australian shares dips 0.6 percent

Australian shares dips 0.6 percent

Australian shares fell for a fifth straight session on Monday following a slide in oil prices, while deteriorating government finances and a hostage incident in Sydney further undermined sentiment. The S&P/ASX 200 index eased 33.4 points, or 0.6 percent,
Published 16 Dec, 2014 12:00am
Thailand at six-month low, leads Southeast Asia falls

Thailand at six-month low, leads Southeast Asia falls

Thailand's stock index led Southeast Asia's falls on Monday, dropping to its lowest close since June as energy stocks dragged down the overall market due to concern over oil's decline. Thai stocks fell more than 9 percent on Monday, before recovering some
Published 16 Dec, 2014 12:00am
Tokyo stocks end 1.57 percent lower

Tokyo stocks end 1.57 percent lower

Tokyo stocks closed 1.57 percent lower Monday as investors shrugged off Prime Minister Shinzo Abe's widely expected weekend election win and focused on drops on Wall Street and lower oil prices. The Nikkei 225 index at the Tokyo Stock Exchange ended down
Published 16 Dec, 2014 12:00am
Indian shares fall to 1-1/2 month low

Indian shares fall to 1-1/2 month low

Indian shares edged lower after earlier hitting their lowest levels in 1-1/2 months as software services providers fell after Tata Consultancy Services' tepid comments on its outlook, while other bluechips were hit by global risk aversion. Oil prices touc
Published 16 Dec, 2014 12:00am
European shares sink as oil slump fuels deflation fears

European shares sink as oil slump fuels deflation fears

European shares tumbled on Monday, resuming last week's sharp sell-off as the relentless drop in oil prices hurt energy shares and fuelled fears of deflation in the euro zone. The FTSEurofirst 300 index of top European shares ended down 2.4 percent at 1,2
Published 16 Dec, 2014 12:00am
Vietnam index closes down 1.1 percent

Vietnam index closes down 1.1 percent

Vietnam's benchmark VN Index closed down 1.08 percent on Monday as most bluechips lost ground, led by energy shares amid a gloomy outlook for the global oil market. Energy-related stocks including PetroVietNam Gas, the country's top firm by market value,
Published 16 Dec, 2014 12:00am
Hong Kong shares close down

Hong Kong shares close down

Hong Kong shares finished down on Monday despite a late afternoon rally on mainland indexes, as Hong Kong investors sold off China-related financials and real estate names. The Hang Seng index fell 1.0 percent, to 23,027.85, while the China Enterprises In
Published 16 Dec, 2014 12:00am
China stocks recoup losses as broad rally offsets slumping financials

China stocks recoup losses as broad rally offsets slumping financials

China stocks clawed back early losses and ended higher on Monday as a rally led by machinery manufacturers and transportation offset weakness in bluechip financials. The CSI300 index of the largest listed companies in Shanghai and Shenzhen rose 0.8 percen
Published 16 Dec, 2014 12:00am
FTSE hits 18-month closing low as commodity stocks sink

FTSE hits 18-month closing low as commodity stocks sink

Britain's top equity index ended at its lowest closing level in nearly 18 months on Monday as commodity stocks surrendered early gains and fell sharply after a retreat in oil and metals prices. The UK mining index slumped 2.9 percent to its lowest in more
Published 16 Dec, 2014 12:00am
Yen edges up in choppy trade as risk aversion rises

Yen edges up in choppy trade as risk aversion rises

The yen climbed against the dollar and euro in extremely choppy trading on Monday, as investors took their cues from slumping Japanese shares and rising risk aversion. Japan's Nikkei stock average was down 1.3 percent in afternoon trade. Many market parti
Published 16 Dec, 2014 12:00am
Early trade in New York: Dollar up against euro

Early trade in New York: Dollar up against euro

The US dollar rose against the euro on Monday on expectations that the Federal Reserve will take a less-dovish stance on monetary policy at the end of a two-day meeting on Wednesday, while risk aversion on lower oil prices underpinned the yen. Bets that t
Published 16 Dec, 2014 12:00am
Yen gains in choppy trade, euro on defensive

Yen gains in choppy trade, euro on defensive

The yen inched higher on Monday as financial markets shrugged off Japanese Prime Minister Shinzo Abe's election win, while the prospect of falling European inflation kept the euro on the defensive. Japan's Nikkei stock average fell 1.6 percent. Many inves
Published 16 Dec, 2014 12:00am
Rupiah hits 16-year low as Indonesian bonds retreat

Rupiah hits 16-year low as Indonesian bonds retreat

The Indonesian rupiah hit a 16-year low versus the dollar on Monday, dented by year-end corporate demand for dollars and possible position squaring in Indonesian bonds by overseas investors. The rupiah, like other Asian currencies, has faltered in recent
Published 16 Dec, 2014 12:00am
Turkish lira hits 10-month low after media raid

Turkish lira hits 10-month low after media raid

Turkey's currency the lira hit a 10-month low in value against the dollar on Monday as markets reacted with anxiety to police raids against media critical of President Recep Tayyip Erdogan. The lira lost 1.42 percent in value against the dollar to trade a
Published 16 Dec, 2014 12:00am
Indian rupee sees biggest one-day fall in over four months

Indian rupee sees biggest one-day fall in over four months

The Indian rupee posted its biggest single-day fall in more than four months, tracking steep losses in emerging market currencies while domestic data showing an unexpected contraction in industrial output sparked concerns about economic growth. The falls
Published 16 Dec, 2014 12:00am
Sterling slips as investors bet Fed to hike rates before BoE

Sterling slips as investors bet Fed to hike rates before BoE

Sterling fell towards a 15-month trough against the dollar on Monday before a Federal Reserve meeting later in the week that could signal US interest rates will be increased before those in Britain. Sterling slipped 0.7 percent to $1.5602, not far from th
Published 16 Dec, 2014 12:00am
Ruble hits new low despite interventions

Ruble hits new low despite interventions

The Russian ruble tumbled to new record lows Monday despite repeated interventions by the central bank to keep the national currency afloat. The ruble broke through level of 60 to the dollar and 75 to the euro for the first time, hitting 61.25 to the gree
Published 16 Dec, 2014 12:00am
Celtic face Inter test, Liverpool face Besiktas in Europa League

Celtic face Inter test, Liverpool face Besiktas in Europa League

Celtic face a tricky Europa League last-32 tie after being drawn Monday against Italy's Inter Milan as Liverpool take on gritty Turkish side Besiktas. For former European heavyweights Liverpool it will be a return to Istanbul, the scene of their memorable
Published 16 Dec, 2014 12:00am
Injured Aussie skipper Clarke to go under knife

Injured Aussie skipper Clarke to go under knife

Australian captain Michael Clarke will undergo surgery on his injured right hamstring on Tuesday, Cricket Australia said, as the 33-year-old fights to remain in the game. Clarke has switched focus to getting fit for the World Cup in Australia and New Zeal
Published 16 Dec, 2014 12:00am
Australia hand captaincy to young gun Smith

Australia hand captaincy to young gun Smith

Twenty-five-year-old Steven Smith will captain Australia against India at the Gabba from Wednesday in Michael Clarke's absence, Cricket Australia announced Monday. With regular skipper Clarke expected to miss the rest of the four-match Test series due to
Published 16 Dec, 2014 12:00am
Roma close deficit to stuttering Juve

Roma close deficit to stuttering Juve

A superb scissor-kick from Radja Nainggolan helped secure the points as Roma closed the gap on Serie A leaders Juventus to just a point on Sunday after a 1-0 defeat of 10-man Genoa. Gian Piero Gasperini's high-flyers welcomed Roma looking for their sevent
Published 16 Dec, 2014 12:00am
Waqar wants to remove Pakistan's 'unpredictable' tag

Waqar wants to remove Pakistan's 'unpredictable' tag

Coach Waqar Younis wants to remove the 'unpredictable' image linked to his Pakistan side ahead of this week's final two one day internationals against New Zealand. Pakistan routed New Zealand by 147 runs - their second biggest win over the rivals - in the
Published 16 Dec, 2014 12:00am
West Indies bosses, players blamed for India tour fiasco

West Indies bosses, players blamed for India tour fiasco

West Indies cricket bosses, players and their union representatives were all blamed Sunday for October's catastrophic abandonment of the tour of India. The West Indies team left India four matches into a five-game one-day series after a pay dispute betwee
Published 16 Dec, 2014 12:00am
Rome to lead Italy bid for 2024 Olympic Games

Rome to lead Italy bid for 2024 Olympic Games

Rome will spearhead an Italian bid for the 2024 Olympic Games, Prime Minister Matteo Renzi said Monday vowing a strong campaign to win the event. Italy became the first to announce a bid taking advantage of new International Olympic Committee rules allowi
Published 16 Dec, 2014 12:00am
Schalke, German FA investigate lighter incident

Schalke, German FA investigate lighter incident

Both Schalke 04 and the German Football Association (DFB) launched investigations on Monday to find the supporter who threw a lighter which badly injured Royal Blues' assistant coach Sven Huebscher. "There are signs the perpetrator will be found," Schalke
Published 16 Dec, 2014 12:00am
Chelsea face PSG, Man City tackle Barca in last 16

Chelsea face PSG, Man City tackle Barca in last 16

Jose Mourinho's Chelsea were drawn on Monday against Paris Saint-Germain and Manchester City tackle Barcelona in two blockbuster Champions League last 16 ties. Chelsea's 'reward' for sailing into the knockout stages unbeaten was a testing match-up against
Published 16 Dec, 2014 12:00am
Early Greek vote threatens state funds: Minister

Early Greek vote threatens state funds: Minister

Cash-strapped Greece could face a new crisis if early elections are held in the middle of delicate negotiations with EU-IMF creditors, the country's finance minister warned Monday. Failure to elect a president in a parliamentary process starting Wednesday
Published 16 Dec, 2014 12:00am
India court rules dead guru to remain in deep freeze for now

India court rules dead guru to remain in deep freeze for now

Devotees of a dead guru who has been in a freezer in northern India since January won a court battle Monday delaying his cremation for at least another seven weeks. Supporters had approached the court in Punjab state seeking a stay on an earlier order for
Published 16 Dec, 2014 12:00am
Nordic countries summon Russian ambassadors over military jet incident

Nordic countries summon Russian ambassadors over military jet incident

Sweden and Denmark protested to Moscow on Monday over a Russian military jet Stockholm said had shut down one of its location instruments and flown too close to a Swedish civilian airliner. Friday's incident off southern Sweden inflamed sensitivities over
Published 16 Dec, 2014 12:00am
Israeli Prime Minister rejects Palestinian UN bid as he meets Kerry

Israeli Prime Minister rejects Palestinian UN bid as he meets Kerry

Israeli Prime Minister Benjamin Netanyahu Monday angrily rejected a Palestinian bid to set a UN deadline for an end to Israel's occupation amid a flurry of talks led by US top diplomat John Kerry. "We will not accept attempts to dictate to us unilateral m
Published 16 Dec, 2014 12:00am
Power outage blacks out State Department

Power outage blacks out State Department

A major power outage caused by nearby construction workers plunged the US State Department into darkness on Monday, officials said. The power cut struck at 9:00 am (1400 GMT), knocking out lights, computers and phones, and had still not been fully repaire
Published 16 Dec, 2014 12:00am
Dutch launch 'intelligent bicycle' that warns of danger

Dutch launch 'intelligent bicycle' that warns of danger

The Netherlands on Monday launched its first-ever "intelligent bicycle", fitted with an array of electronic devices to help bring down the high accident rate among elderly cyclists in the bicycle-mad country. Developed for the government by the Netherland
Published 16 Dec, 2014 12:00am
HRW accuses Sudan army, allies of Blue Nile killings

HRW accuses Sudan army, allies of Blue Nile killings

Human Rights Watch on Monday accused Sudanese government forces and allied militias of leading a campaign of killings and rapes in areas of Blue Nile state where they are battling insurgents. Khartoum has been struggling to crush an insurgency in Blue Nil
Published 16 Dec, 2014 12:00am
Indonesian landslide death toll rises to 56

Indonesian landslide death toll rises to 56

Indonesian rescuers dug through mud with shovels and their bare hands for a third day Monday in the hunt for dozens of people still missing after a landslide engulfed a village, as the death toll rose to 56. Fifty-two people are still unaccounted for afte
Published 16 Dec, 2014 12:00am
Growing number of Swiss jihadists heading overseas

Growing number of Swiss jihadists heading overseas

Some 22 people have left Switzerland to fight abroad as jihadists since May, including eight in the past fortnight, the Swiss intelligence agency said Monday. This represents almost one third of the 62 who have left to fight since 2001, including 37 who h
Published 16 Dec, 2014 12:00am
Christmas shopping is a puzzle for Barack Obama too

Christmas shopping is a puzzle for Barack Obama too

Running America, President Barack Obama can do. But finding a gift for his wife Michelle is a tough one. "She's very fashionable and she looks good. I'm worried about buying her clothes," the president said Monday on the radio show "On Air With Ryan Seacr
Published 16 Dec, 2014 12:00am
Iraq reports 2,700 missing since June jihadist onslaught

Iraq reports 2,700 missing since June jihadist onslaught

At least 2,700 people, mostly soldiers, are missing as a result of attacks by the Islamic State group in Iraq, the human rights ministry said on Monday. More than half of those registered as missing by the government are soldiers who were at the Speicher
Published 16 Dec, 2014 12:00am
Google constitution archive adds Arabic documents

Google constitution archive adds Arabic documents

Google's online archive of the world's constitutions on Monday launched an Arabic-language version with searchable documents from 54 countries. "The site now provides Arabic translations of some of the world's most-cited constitutions, coupled with powerf
Published 16 Dec, 2014 12:00am
Abe pledges Japan constitution rewrite after election win

Abe pledges Japan constitution rewrite after election win

Prime Minister Shinzo Abe on Monday vowed he would try to persuade a sceptical public of the need to revise Japan's pacifist constitution, the day after scoring a thumping election victory. The premier, who was re-elected by a landslide in Sunday's polls,
Published 16 Dec, 2014 12:00am
Thai King continues to recover in hospital

Thai King continues to recover in hospital

Thailand's King Bhumibol Adulyadej, the world's longest-reigning monarch, continues to recover in hospital following surgery to remove his gallbladder and treatment for an intestinal infection, the palace said in a statement on Monday. The health of the k
Published 16 Dec, 2014 12:00am
US, Iran hold new nuclear talks in Geneva

US, Iran hold new nuclear talks in Geneva

Senior officials from the United States and Iran resumed talks on Monday over Tehran's disputed nuclear programme, a diplomatic source said, three weeks after world powers missed a deadline for reaching a deal. The two-day discussions in Geneva will be fo
Published 16 Dec, 2014 12:00am
Jeb Bush a step closer towards White House run

Jeb Bush a step closer towards White House run

Former Florida governor Jeb Bush, brother of the 43rd president of the United States and son of the 41st, appears to be preparing a bid to become the 45th. George H.W. Bush's 61-year-old second son promised Sunday that he would make up his mind on whether
Published 16 Dec, 2014 12:00am
Spanish princess pays court 587,000 euros in graft case

Spanish princess pays court 587,000 euros in graft case

The sister of Spain's King Felipe VI on Monday paid a deposit of 587,000 euros ($750,000) to cover her alleged liability in a graft case which has damaged the monarchy's standing. Prosecutor Pedro Horrach said last week that there was no evidence to try t
Published 16 Dec, 2014 12:00am
European Union backs UN plan for Syrian truce

European Union backs UN plan for Syrian truce

European Union foreign ministers threw their weight behind a UN plan for a truce in the northern Syrian city of Aleppo on Monday, saying it offered a glimmer of hope for finding a political solution to the three-and-a-half year old civil war. UN peace env
Published 16 Dec, 2014 12:00am
Merkel warns Germans not to fall prey to anti-immigrant group

Merkel warns Germans not to fall prey to anti-immigrant group

German Chancellor Angela Merkel Monday condemned a wave of protests against immigrants, asylum seekers and the "Islamisation" of the country and warned Germans not to be "exploited" by extremists. Ahead of fresh marches planned later Monday by the far-rig
Published 16 Dec, 2014 12:00am
Nato says Russian air force jets posing risk to aviation in Baltic

Nato says Russian air force jets posing risk to aviation in Baltic

Nato accused Russian air force jets of posing a danger to civil aviation in the Baltic region after Stockholm protested about a Russian aircraft it said had flown too close to an airliner and had turned off one of its location instruments. Friday's incide
Published 16 Dec, 2014 12:00am
North Korea wants UN Security Council to discuss CIA torture

North Korea wants UN Security Council to discuss CIA torture

North Korea on Monday asked the United Nations Security Council to add the issue of torture by the US Central Intelligence Agency to its agenda and to establish an investigation to ensure those responsible are held to account for human rights abuses. The
Published 16 Dec, 2014 12:00am
Al Qaeda takes two Syrian bases in huge blow to regime

Al Qaeda takes two Syrian bases in huge blow to regime

Militants linked to al Qaeda dealt a major blow to Syria's regime on Monday by seizing two key military bases within hours, giving them control over most of Idlib province. The gains also signalled a new defeat for Western-backed rebels who were driven ou
Published 16 Dec, 2014 12:00am
Interpol nets 27.5 tonnes of drugs in huge Central America operation

Interpol nets 27.5 tonnes of drugs in huge Central America operation

A huge two-week operation by Interpol in Central America and the Caribbean netted 27.5 tonnes of drugs and saw 50 illegal drug labs and almost 20 jungle airstrips destroyed, the agency said Monday. Operation Lionfish II also led to the arrest of 422 peopl
Published 16 Dec, 2014 12:00am
At least five killed in shooting near Philadelphia

At least five killed in shooting near Philadelphia

At least five people were shot dead early Monday by a suspected gunman outside the north-eastern US city of Philadelphia, local media reported. The shootings, which ABC television affiliate WPVI said were thought to have been committed by a male military
Published 16 Dec, 2014 12:00am
Tutu urges pope to rethink decision not to meet Dalai Lama

Tutu urges pope to rethink decision not to meet Dalai Lama

South Africa's Archbishop Desmond Tutu Monday appealed to the Pope to reconsider his decision not to meet the Dalai Lama during his visit to Rome. "I am deeply saddened and distressed that the Holy Father, Pope Francis, should give in to these pressures a
Published 16 Dec, 2014 12:00am
China cotton quota, subsidies may boost quality, yarn

China cotton quota, subsidies may boost quality, yarn

China's decision to keep its cotton import quota unchanged at 894,000 tonnes has been taken by the market as a bearish signal that will put further downward pressure on global prices. This is by and large the correct response, but as usual there are some
Published 16 Dec, 2014 12:00am
Nickel hits one-week high on worries over Philippine supply

Nickel hits one-week high on worries over Philippine supply

Nickel prices touched their highest level in a week on Monday over concerns the typhoon season in the Philippines and a mine closure could lead to shortages. The island nation, a key supplier of nickel ore after an Indonesian ban, was hit about a week ago
Published 16 Dec, 2014 12:00am
Oil extends losses after early rally as Opec stays on output

Oil extends losses after early rally as Opec stays on output

Crude prices came under renewed pressure on Monday, and Brent hit five-year lows of nearly $60 a barrel after producer group Opec said it would stick to its decision not to cut output despite fears of a world awash in oil. Brent and US oil initially exten
Published 16 Dec, 2014 12:00am
Tokyo rubber futures up four percent

Tokyo rubber futures up four percent

Benchmark Tokyo rubber futures ended up 4pc on Monday as news of Thailand's plan to spend over $180 million to buy rubber to support prices helped support the market, dealers said on Monday. The Tokyo Commodity Exchange rubber contract for May delivery fi
Published 16 Dec, 2014 12:00am
Palm edges lower on lacklustre Malaysian export data

Palm edges lower on lacklustre Malaysian export data

Malaysian palm oil futures fell for a second day on Monday, as a modest rise in Malaysian palm oil export figures in the first half of December and weakness in the ringgit were offset by weakness in crude oil prices. The benchmark February contract on the
Published 16 Dec, 2014 12:00am
Arabica coffee jumps from 4-1/2-month low, sugar eases

Arabica coffee jumps from 4-1/2-month low, sugar eases

Arabica coffee futures on ICE rallied after tapping a 4-1/2-month low on Monday, rising on technical support, while raw sugar extended losses to hit a 2-1/2-month low as the weak Brazilian currency attracted selling. Cocoa futures rose for the second stra
Published 16 Dec, 2014 12:00am
Gold slips in Asian trade

Gold slips in Asian trade

Gold retreated on Monday, after posting its biggest weekly gain in two months, amid expectations the US Federal Reserve is moving closer to raising interest rates. The Fed holds a policy meeting this week and a recent spate of data that points to a streng
Published 16 Dec, 2014 12:00am
Gold slips one percent as dollar firms before Fed meeting

Gold slips one percent as dollar firms before Fed meeting

Gold fell 1 percent on Monday, after posting its biggest weekly gain in two months, as the dollar firmed before a Federal Reserve meeting that could provide clues on the timing of a possible interest rate rise by the US central bank. The Fed's meeting on
Published 16 Dec, 2014 12:00am
US MIDDAY: corn higher

US MIDDAY: corn higher

Chicago Board of Trade corn futures rose on Monday at its highest closing price since July on support from investment fund buying tied to expectations for a reduction in acres next month by the US Department of Agriculture, traders said.
Published 16 Dec, 2014 12:00am
US MIDDAY: soybeans lower

US MIDDAY: soybeans lower

US soybean futures fell on Monday on pressure from a disappointing report on US crushings and technical sales, traders said. The benchmark Chicago Board of Trade January soybean futures contract firmed early in the session but turned lower after failing b
Published 16 Dec, 2014 12:00am
US MIDDAY: wheat higher

US MIDDAY: wheat higher

Wheat futures on the Chicago Board of Trade closed higher on Monday on chart-based buying and uncertainty about whether Russia might limit grain exports, traders said. Technical buying in CBOT March wheat accelerated as the contract broke through resistan
Published 16 Dec, 2014 12:00am
Sale of warm apparels gaining momentum

Sale of warm apparels gaining momentum

With the arrival of winter season in the city, sale of new and second-hand warm apparels has grown considerably. A visit to different markets of the city would show a rush of people at shops selling new and second-hand warm clothes. Prices of warm clothes
Published 16 Dec, 2014 12:00am
Cessna 172 aircraft: inauguration ceremony of flight simulator

Cessna 172 aircraft: inauguration ceremony of flight simulator

The inauguration ceremony of Pakistan's very first full motion flight simulator of Cessna 172 aircraft which is one of its kind in private sector, was held at Askari Flying Academy, Benazir Bhutto International Airport Islamabad. A large number of guests
Published 16 Dec, 2014 12:00am
Tribunal's order ignored: LHC imposes Rs 50,000 fine on IR official

Tribunal's order ignored: LHC imposes Rs 50,000 fine on IR official

Lahore High Court (LHC) had imposed a fine of Rs 50,000 on the Deputy Commissioner Inland Revenue as the tax department failed to order to detach the bank accounts of the taxpayer within the stipulated time as ordered by the appellate tribunal. Sources to
Published 16 Dec, 2014 12:00am
Nishat Chunian Power Limited

Nishat Chunian Power Limited

Nishat Chunian Power Limited is a public limited company incorporated in February 2007. It is listed on both Karachi and Lahore Stock Exchanges, and was established with the objective of setting-up a new power generation project having gross capacity of 2
Published 16 Dec, 2014 12:00am
Nishat Chunian Power Limited

Nishat Chunian Power Limited

Nishat Chunian Power Limited is a public limited company incorporated in February 2007. It is listed on both Karachi and Lahore Stock Exchanges, and was established with the objective of setting-up a new power generation project having gross capacity of 2
Published 16 Dec, 2014 12:00am
Delay in announcing textile policy criticised

Delay in announcing textile policy criticised

The inordinate delay in the announcement of new textile policy (2014-19) is depriving textile sector of its due benefits, besides causing serious apprehensions and uncertainty in the major export-oriented sector. Official sources revealed the government a
Published 16 Dec, 2014 12:00am
'No-go areas' in Hyderabad dismantled by police

'No-go areas' in Hyderabad dismantled by police

Hyderabad police has smashed no-go areas set up in various localities of the city and arrested as many as 30 persons involved in narcotics peddling, illegal arms business, street crimes and anti social dens running around the city.
Published 16 Dec, 2014 12:00am
USAID to re-launch 'small grants' programme

USAID to re-launch 'small grants' programme

The United States Agency for International Development (USAID) announced the re-launch of its Small Grants Programme. The announcement was made during a ceremony, which attended by representatives from over 100 non-governmental and private organisations.
Published 16 Dec, 2014 12:00am
BISP termed vital tool to help poor segments

BISP termed vital tool to help poor segments

Current government is committed to the cause of helping the poor segments of our population and Benazir Income Support Programme (BISP) is the most important tool for the purpose. This was said by Secretary BISP, Shabbir Ahmed, who was briefing a gatherin
Published 16 Dec, 2014 12:00am
LPG prices again increased by Rs 5 per kg

LPG prices again increased by Rs 5 per kg

Liquefied Petroleum Gas (LPG) marketing companies on Monday further increased the commodity prices by Rs 5 per kg, Rs 60 per domestic cylinder of 11.8 kg and Rs 240 per commercial cylinder of 45 kg without the approval of Oil and Gas Regulatory Authority
Published 16 Dec, 2014 12:00am
Government to spend Rs 60 million on uplift projects

Government to spend Rs 60 million on uplift projects

Azad Jammu and Kashmir Higher Education Minister, Matloob inqalabi has inaugurated developmental projects with worth of 60 millions rupees on Monday. He said this while talking to news person inaugurating new building of girls' college with worth Rs 10 mi
Published 16 Dec, 2014 12:00am
Rate of wheat increases by Rs 500 per 40kg in five years

Rate of wheat increases by Rs 500 per 40kg in five years

Rate of wheat and its flour has increased by Rs 500 and Rs 800 per 40kg respectively, during last five years, reveals a situational analysis on large scale wheat flour and edible gee and oil fortification released here on Monday. The study reported that i
Published 16 Dec, 2014 12:00am
Balochistan USAID provides grant for solar water pumps

Balochistan USAID provides grant for solar water pumps

The USAID provided grant for installation of 400 solar water pumps and construction of water tanks for the remote villages of district Noshki under its small grants and Ambassador's Fund Programme (SGAFP), this project was implemented by the AZAT Foundati
Published 16 Dec, 2014 12:00am
Sadruddin Hashwani gets ABLF Lifetime Achievement Award

Sadruddin Hashwani gets ABLF Lifetime Achievement Award

Prominent businessman of Pakistan and Chairman of Hashoo Group, Sarduddin Hashwani was honoured with "ABLF Lifetime Achievement Award" at a ceremony held in Dubai, says a press release issued here on Monday. The grand award ceremony was hosted by Asian Bu
Published 16 Dec, 2014 12:00am
'State children': KP elevates street children's status

'State children': KP elevates street children's status

A high level meeting held here on Monday decided to give the status of state children to street children and constituted different committees for promotion of technical education and imparting skills to beggars and persons with disability in the province.
Published 16 Dec, 2014 12:00am
AIFSL Investment Centre launched

AIFSL Investment Centre launched

Al-Ameen Islamic Financial Services (Pvt) Limited (AIFSL), a subsidiary of UBL Fund Managers Limited, launched the AIFSL Investment Centre here on Monday at Khayaban-e-Ittehad, DHA. The inauguration ceremony was attended by investors, the members of the S
Published 16 Dec, 2014 12:00am
AIFSL Investment Centre launched

AIFSL Investment Centre launched

Al-Ameen Islamic Financial Services (Pvt) Limited (AIFSL), a subsidiary of UBL Fund Managers Limited, launched the AIFSL Investment Centre here on Monday at Khayaban-e-Ittehad, DHA. The inauguration ceremony was attended by investors, the members of the S
Published 16 Dec, 2014 12:00am
People irked by low gas pressure in Peshawar

People irked by low gas pressure in Peshawar

With the increasing chill weather, both domestic and commercial consumers of Gulbahar, Fariqarabad, Dalazak Road, Yaktoot, Bilal town, Nishtarabad, Ganj Gate, Hashtnagri, Kohati, Lahori and suburbs areas of Peshawar, are facing the low gas pressure. The w
Published 16 Dec, 2014 12:00am
Annual parents' day at Petaro College celebrated

Annual parents' day at Petaro College celebrated

Annual 53rd Parent's Day was celebrated with colourful & dignified manners on Monday at Cadet College Petaro. Sindh Minister for Livestock Jam Khan Shoro was the chief guest, while a honorary guest Naval Vice Admiral Syed Arifullah Hussaini HI (M) T.Bt an
Published 16 Dec, 2014 12:00am
Paramedics rally against hospitals' privatisation

Paramedics rally against hospitals' privatisation

Paramedical staff association took out a rally here on Monday to protest against the Government of Sindh announcement to privatise hospitals. The protest rallies were taken out in all districts of the province. Liaquat Medical university paramedics rally
Published 16 Dec, 2014 12:00am
NAB chief visits under-construction Headquarters

NAB chief visits under-construction Headquarters

Qamar Zaman Chaudhry, Chairman National Accountability Bureau (NAB) visited the under-construction site of the office building for NAB Headquarters here at Sector G-5/1 on Monday and inspected the quality and construction work of the project. Chairman NAB
Published 16 Dec, 2014 12:00am
Previous Day