News Archives for Print - 2015-01-19

The Weather

The weather report on Sunday (December 28, 2015) and the forecast for Monday (December 29, 2015).

Published 19 Jan, 2015 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 19 Jan, 2015 12:00am

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (January 12 to 16, 2015).

Published 19 Jan, 2015 12:00am

Bank AL Habib declares profit rates

Bank AL Habib Limited has declared the following rates of profit for the period from July 1, 2014 to December 31, 2014.

Published 19 Jan, 2015 12:00am

Bank AL Habib declares profit rates

Bank AL Habib Limited has declared the following rates of profit for the period from July 1, 2014 to December 31, 2014.

Published 19 Jan, 2015 12:00am

Aaj TV - Monday's schedule

All timings are in PST (Pakistan Standard Time).

Published 19 Jan, 2015 12:00am

ACT project in Swat: initiatives for preservation, conservation at archaeological sites undertaken

Directorate of Archaeology and Museums Khyber Pakhtunkhwa has undertaken initiatives for carrying out preservation, conservation activities at different ancient archaeological sites under ACT-project phase-II in scenic valley of Swat.

Published 19 Jan, 2015 12:00am

KP Police arrest 125 illegal Afghan refugees among 604 suspects

The Khyber Pakhtunkhwa Police in the ongoing search and strike operation though out the province has rounded up 604 suspects including 125 illegal Afghan Refugees and recovered huge quantity of arms and ammunition. During the last two days the Khyber Pakh

Published 19 Jan, 2015 12:00am

Prevention of Thalassaemia: health experts call for creating awareness

Health experts have termed the Thalassaemia, the most common genetic disorder passed on to children, which could be controlled by creating awareness among the people. The Experts said thalassaemia is a silent killer of children and it spreads in the count

Published 19 Jan, 2015 12:00am

Expat families: Saudi Arabia to issue online visit visas soon

The Suadi Interior Ministry will soon issue online visas for families of expats without the need to visit the Passport Department or the Ministry of Foreign Affairs. The move would save time and prevent overcrowding at visa offices for expatriates wanting

Published 19 Jan, 2015 12:00am

'Low connectivity is no barrier for e-governance services'

Raúl Zambrano is the Global Lead and Policy Adviser in the ICT for Development and e-governance team at UNDP's Democratic Governance practice based in New York. For the past 20 years, Mr. Zambrano has supported the deployment and use of ICT in nearly 100

Published 19 Jan, 2015 12:00am

'Low connectivity is no barrier for e-governance services'

Raúl Zambrano is the Global Lead and Policy Adviser in the ICT for Development and e-governance team at UNDP's Democratic Governance practice based in New York. For the past 20 years, Mr. Zambrano has supported the deployment and use of ICT in nearly 100

Published 19 Jan, 2015 12:00am

Country needs military courts

"The suicide passes a judgement. Society does not care to examine the judgement, but in defence of itself as is, condemns the suicide," wrote Robert E Neale in his famous The Art of Dying. These remarks present a sardonic comment on the present-day Pakist

Published 19 Jan, 2015 12:00am

Facebook hiring spree hints at ambitions in virtual reality and beyond

Virtual reality goggles, drones and data centers are all driving a hiring spree at Facebook Inc that is set to swell its ranks as much as 14 percent in the near term, according to a review of job listings on the company's website.

Published 19 Jan, 2015 12:00am

More than just toys: Slim, Bezos, Buffett invest in newspapers

Mexican billionaire Carlos Slim now holds the largest stake of public shares in The New York Times. Amazon founder Jeff Bezos and star investor Warren Buffett are also involved with newspapers. But the motivation appears to be less nostalgia for the age o

Published 19 Jan, 2015 12:00am

Modinomics versus Sharifnomics

The world eager to take advantage of a huge Indian market and to promote sale of products to a foreign exchange reserve flush government is visibly taken with Modinomics defined as the age-old capitalist mantra: minimising state control while supporting a

Published 19 Jan, 2015 12:00am

Why military courts?

Two judges of the Supreme Court, separately, have taken exception to the prime minister's remark during a meeting with leaders of business community on Wednesday that though 'independence of judiciary is essential, it is equally important that it must sho

Published 19 Jan, 2015 12:00am

Assurance to businesspeople

President Mamnoon Hussain and Prime Minister Nawaz Sharif in a meeting held at the Aiwan-e-Sadr assured the country's business community that every possible facility will be provided to businesspeople to bolster trade in the country. The President noted t

Published 19 Jan, 2015 12:00am

Tunisia seen as strong prospect if investment can be unlocked

Four years after Tunisia sparked off the Arab spring uprisings the country is seen as a rare regional success story, but its prospects hinge on it deepening reforms and attracting foreign investment.

Published 19 Jan, 2015 12:00am

Israeli president calls on Abbas to renew peace talks

Israeli President Reuven Rivlin on Sunday urged his Palestinian counterpart to renew peace talks instead of pursuing efforts at the International Criminal Court or United Nations. "There is no other way than direct negotiations. Unilateral steps will not

Published 19 Jan, 2015 12:00am

Zimbabwe bus collision kills at least 25 people

At least 25 people were killed on Sunday when two buses collided along a highway outside Zimbabwe's capital, police said. A police spokeswoman said one bus encroached into the opposite lane and ripped off the side of the other on-coming bus. Twenty four p

Published 19 Jan, 2015 12:00am

Nepalese police clash with activists seeking Hindu state

Nepalese police clashed Sunday with activists campaigning for the country to be declared a Hindu state, as tensions rose before Thursday's deadline for publication of a post-war constitution. Thousands of supporters joined a rally organised by the pro-roy

Published 19 Jan, 2015 12:00am

Mandela's former aide sparks South Africa race row

Nelson Mandela's former personal assistant, Zelda la Grange, has apologised after sparking an online race row with comments that white people were being made to feel unwelcome in South Africa. La Grange, who published "Good morning, Mr Mandela" last year

Published 19 Jan, 2015 12:00am

Asylum-seekers say held 'hostage' by Australia

Asylum-seekers in a detention centre in Papua New Guinea said Sunday that Canberra was holding them "hostage" in an effort to deter others from paying people-smugglers to bring them to Australia.

Published 19 Jan, 2015 12:00am

Suicide bomber kills four at Nigeria bus station

A suicide bomber killed four people and wounded dozens Sunday in an attack on a bus station in Potiskum, north-eastern Nigeria, police and hospital sources told AFP. There was no immediate claim of responsibility, but the town has often come under attack

Published 19 Jan, 2015 12:00am

Japan's battered opposition picks new leader

Japan's battle-scarred main opposition party on Sunday chose Katsuya Okada as its new leader as it tries to recover from a disastrous showing in December's general election and years of drift. Prime Minister Shinzo Abe's crushing win last month - his seco

Published 19 Jan, 2015 12:00am

Ukraine says tank offensive pushing rebels from airport

Ukraine rushed tanks to the front lines and claimed Sunday to have cleared pro-Russian rebels from most of Donetsk airport after days of intense fighting, with heavy shelling shaking the key eastern city. As fighting wracked the country's war-torn east, t

Published 19 Jan, 2015 12:00am

Maleeha Lodhi calls on Siraj

Pakistan's new permanent representative at the United Nations, Dr Maleeha Lodhi, on Sunday, called on the Ameer, Jamaat-i-Islami, Sirajul Haq, in Islamabad and exchanged views with him on the national and international situation. The meeting was held at t

Published 19 Jan, 2015 12:00am

Hereditary politics root cause of all ills: Musharraf

Chief of All Pakistan Muslim League (APML) and former president, General Pervez Musharraf (retd), said here on Sunday that hereditary politics was the root cause of all the ills being faced by the country.

Published 19 Jan, 2015 12:00am

It's no time for negative politics: Rashid

Information Minister Pervaiz Rashid has said this is not time for negative politics, but to make concerted efforts to address the issue of terrorism. This, he said, in reaction to PTI leaders speeches at Workers convention in Islamabad on Sunday.

Published 19 Jan, 2015 12:00am

Uplift schemes in Fata: Khyber contractors oppose new system of awarding contracts

Contractors from the volatile Khyber Agency have urged the government to end the new system of awarding contracts of developmental schemes in the Federally Administered Tribal Areas (Fata).

Published 19 Jan, 2015 12:00am

Shaheed Rahu sacrificed his life for democracy: Prime Minister

Prime Minister Muhammad Nawaz Sharif has said that Shaheed Fazil Rahu had sacrificed his life for the cause of democracy, elimination of poverty and raising voice for the rights of farmers and the PML-led government would take all steps to fulfil his miss

Published 19 Jan, 2015 12:00am

Hafiz Saeed urges Muslims to boycott French commodities

Amir Jamaat-ud-Dawah (JuD) Hafiz Muhammad Saeed has asked the Muslims across the globe to boycott French commodities in a protest against publication of sacrilegious caricatures of the Holy Prophet (PBUH) by French magazine Charlie Hebdo. He was addressin

Published 19 Jan, 2015 12:00am

Two policemen among five killed in jirga members firing

Five people including two policemen were killed during a firing in jirga at Sardaryab area in the limits of Prang Police Station on Saturday night, official sources said. There was a jirga in Sardaryab; where rival groups exchanged harsh words over a fami

Published 19 Jan, 2015 12:00am

Christian community denounces publication

Members of Christian community strongly condemned the printing of blasphemous cartoons of Prophet Muhammad (PBUH) in French magazine. The community expressed its anger over the publication of blasphemous caricature during a joint press conference organise

Published 19 Jan, 2015 12:00am

Muslim rulers should react to blasphemous cartoons: former JI chief

Former chief of Jamaat-i-Islami (JI) Syed Munawar Hassan on Sunday said that Muslim rulers should react strongly to blasphemous cartoons. He said that the Muslim Ummah will continue to protest throughout the world as long as those who made blasphemous car

Published 19 Jan, 2015 12:00am

Imran says to focus on making KP a model province

Chairman Pakistan Tehreek-e-Insaf (PTI) Imran Khan on Sunday asked the federal government not to be in any delusion that PTI will back off from its demand for constitution of a judicial commission to investigate rigging in last general elections.

Published 19 Jan, 2015 12:00am

Cooling brain protein could aid search for Alzheimer's treatment

Scientists have found a mechanism that kicks in when the body is cooled and prevents the loss of brain cells, and say their find could one day lead to treatments for brain-wasting diseases such as Alzheimer's. Studying mice, the researchers were able to s

Published 19 Jan, 2015 12:00am

104,000 HIV/AIDs cases reported in China

China diagnosed 104,000 new cases of HIV/AIDS in 2014, media reported on January 16, highlighting growth in infections in the country despite a comparatively low overall rate. The figure was a 14 percent increase on the number of new cases diagnosed in 20

Published 19 Jan, 2015 12:00am

Climate change, extinctions signal Earth in danger zone

Climate change and high rates of extinctions of animals and plants are pushing the Earth into a danger zone for humanity, a scientific report card about mankind's impact on nature said on January 15. An international team of 18 experts, expanding on a 200

Published 19 Jan, 2015 12:00am

Study warns about two bisphenol A substitutes

Two substitutes for bisphenol A, a plastic ingredient banned in some countries over health fears, are also a source of concern, French researchers warned on January 15. The chemical compounds bisphenol F and S may impair testicle development in foetuses,

Published 19 Jan, 2015 12:00am

Scientists find key gene mutations behind inherited heart disease

Scientists have identified the crucial genetic mutations that cause a common heart condition called dilated cardiomyopathy (DCM), paving the way for more accurate diagnosis and screening of high-risk patients.

Published 19 Jan, 2015 12:00am

Sea level rise quickens more than thought in threat to coasts

Sea level rise in the past two decades has accelerated faster than previously thought in a sign of climate change threatening coasts from Florida to Bangladesh, a study said on January 14. The report, reassessing records from more than 600 tidal gauges, f

Published 19 Jan, 2015 12:00am

Record-breaking 2014 was hottest in modern history: US scientists

Record-breaking temperatures scorched the planet last year, making 2014 the hottest in more than a century and raising new concerns about global warming, US government scientists said on January 16. The much-anticipated report by scientists at the Nationa

Published 19 Jan, 2015 12:00am

Stress and social media: it's complicated

Using digital technologies does not directly cause stress, but social media can increase awareness of problems facing friends and family, and this stress is "contagious," researchers said Thursday. A report by the Pew Research Centre and Rutgers Universit

Published 19 Jan, 2015 12:00am

Microsoft unveils low-cost smartphones in few markets

Microsoft on Wednesday unveiled two new low-cost smartphones aimed at pushing its Windows Phone operating system to users in Europe, Asia, the Middle East and Africa. The two Lumia handsets - made by the unit of Finnish-based Nokia which Microsoft acquire

Published 19 Jan, 2015 12:00am

TV of the future may be a sphere

The TV of the future may not be a rectangle, but a sphere. Some visitors to the 2015 Consumer Electronics Show got a peek at this new way to view 360-degree video.

Published 19 Jan, 2015 12:00am

Incognito browser mode doesn't protect against internet spying

Sometimes, a name promises a whole lot more than it can deliver. That seems to be the case with a new range of browser functions that purportedly allow users to go online incognito, evading tracking by businesses and governments.

Published 19 Jan, 2015 12:00am

Facebook founder in Colombia to promote affordable Internet

Improved Internet access can be a force for peace, Facebook founder Mark Zuckerberg said Wednesday during a trip to Colombia to promote his project to boost web availability for two-thirds of the world not yet connected.

Published 19 Jan, 2015 12:00am

Samsung launches first Tizen phone in break from Android

Samsung on Wednesday launched its first smartphone using its home-grown Tizen operating system, aimed at breaking the South Korean electronics giant's dependence on Google's Android. The Samsung Z1, which has 3G capability and a liquid-crystal display, wa

Published 19 Jan, 2015 12:00am

Twitter now displays the top tweets you missed

Twitter now allows its users to check popular tweets they missed while they were offline. Twitter promises the new function should allow users a quick overview and make it easier to jump into the service. It's not clear which criteria will be used in pick

Published 19 Jan, 2015 12:00am

Facebook puts warning labels on graphic videos

Facebook is putting warning labels on graphic videos that members upload and share with friends, the leading social network said Tuesday. The California-based Internet giant will also prevent potentially shocking or upsetting video clips from popping into

Published 19 Jan, 2015 12:00am

Asus presents smartphone with optical zoom camera

Asus has launched a smartphone that includes an optical-zoom camera, but of course it's chunkier than mobile phones from other makers which offer only digital zooming. The ZenFone Zoom has a 13-megapixel camera with 3x optical zoom, thanks to a 10-piece l

Published 19 Jan, 2015 12:00am

Kodak keeps focus on photography as it enters smartphone market

Pioneering photography company Kodak made its move into the mobile market during this month's Consumer Electronics Show in Las Vegas with its first Android smartphone. The IM5, not surprisingly, puts photography and the ability to print out pictures at it

Published 19 Jan, 2015 12:00am

Samba Bank fourth quarter net profit up 22.5 percent

Samba Financial Group, Saudi Arabia's fourth-largest bank by assets, posted a 22.5 percent rise in its fourth-quarter net profit, it said in a bourse statement on January 13, beating analyst forecasts. The bank said it made 1.23 billion riyals ($327.7 mil

Published 19 Jan, 2015 12:00am

Samba Bank fourth quarter net profit up 22.5 percent

Samba Financial Group, Saudi Arabia's fourth-largest bank by assets, posted a 22.5 percent rise in its fourth-quarter net profit, it said in a bourse statement on January 13, beating analyst forecasts. The bank said it made 1.23 billion riyals ($327.7 mil

Published 19 Jan, 2015 12:00am

Wipro expects western sales boost, oil prices a worry

Wipro, India's third-largest IT services exporter, expects higher technology spending by western clients to boost sales in its next fiscal year, it said after posting forecast-beating quarterly profit on January 16.

Published 19 Jan, 2015 12:00am

Wipro expects western sales boost, oil prices a worry

Wipro, India's third-largest IT services exporter, expects higher technology spending by western clients to boost sales in its next fiscal year, it said after posting forecast-beating quarterly profit on January 16.

Published 19 Jan, 2015 12:00am

Wells Fargo profit rises on higher loans

Wells Fargo & Co, the biggest US mortgage lender, reported a slight increase in quarterly profit as it lent more to commercial and industrial customers in an improving economy. Banks have been relaxing their lending standards to boost loans to businesses.

Published 19 Jan, 2015 12:00am

Wells Fargo profit rises on higher loans

Wells Fargo & Co, the biggest US mortgage lender, reported a slight increase in quarterly profit as it lent more to commercial and industrial customers in an improving economy. Banks have been relaxing their lending standards to boost loans to businesses.

Published 19 Jan, 2015 12:00am

BP to cut 300 North Sea jobs

Energy giant BP said it was shedding 200 staff jobs and 100 contractors in its North Sea operations on January 15 following a sharp drop in oil prices. The company is the latest oil major to announce hundreds of cuts in the sector and Britain's government

Published 19 Jan, 2015 12:00am

BP to cut 300 North Sea jobs

Energy giant BP said it was shedding 200 staff jobs and 100 contractors in its North Sea operations on January 15 following a sharp drop in oil prices. The company is the latest oil major to announce hundreds of cuts in the sector and Britain's government

Published 19 Jan, 2015 12:00am

Continental sees five percent sales growth in 2015

German automotive supplier Continental expects sales growth to quicken to around 5 percent this year and to maintain a double-digit operating profit margin as global passenger car production rises moderately, it said.

Published 19 Jan, 2015 12:00am

Continental sees five percent sales growth in 2015

German automotive supplier Continental expects sales growth to quicken to around 5 percent this year and to maintain a double-digit operating profit margin as global passenger car production rises moderately, it said.

Published 19 Jan, 2015 12:00am

Alcoa profits rise as it projects higher demand in 2015

Aluminium and metal producer Alcoa reported on January 12 a jump in fourth-quarter earnings behind higher commodity prices as it forecast solid growth in some industrial segments. Earnings for the quarter ending December 31 came in at $159 million, compar

Published 19 Jan, 2015 12:00am

Alcoa profits rise as it projects higher demand in 2015

Aluminium and metal producer Alcoa reported on January 12 a jump in fourth-quarter earnings behind higher commodity prices as it forecast solid growth in some industrial segments. Earnings for the quarter ending December 31 came in at $159 million, compar

Published 19 Jan, 2015 12:00am

Tesco debt cut to junk by second ratings agency

Britain's Tesco suffered a fresh blow on January 14 as Standard & Poor's became the second ratings agency after Moody's to slash the troubled supermarket's debt to junk status, despite its turnaround plans.

Published 19 Jan, 2015 12:00am

Tesco debt cut to junk by second ratings agency

Britain's Tesco suffered a fresh blow on January 14 as Standard & Poor's became the second ratings agency after Moody's to slash the troubled supermarket's debt to junk status, despite its turnaround plans.

Published 19 Jan, 2015 12:00am

RBS set to exit Asia corporate banking operations

Royal Bank of Scotland Group Plc is preparing to withdraw from its Asian corporate banking business and put most of it up for sale, according to a report by Bloomberg citing a person with knowledge of the discussions.

Published 19 Jan, 2015 12:00am

Boeing says no plans to match Airbus with long range 737

Boeing Co said on January 13 that it sees no business case at present for offering an extended-range version of its largest 737 jet, the forthcoming 737 MAX 9, to compete with a long-range plane that rival Airbus launched on January 13. Earlier, Airbus sa

Published 19 Jan, 2015 12:00am

Carroll eyes Europe after Hammers down Hull

Andy Carroll said West Ham were eyeing European football after scoring in a 3-0 win at home to Hull on Sunday that took the Hammers into seventh place in the Premier League table. Second-half goals from Carroll, Morgan Amalfitano and Stewart Downing secur

Published 19 Jan, 2015 12:00am

Wilder dethrones Stiverne in heavyweight clash

Deontay Wilder claimed the World Boxing Council heavyweight title with a dominating 12-round decision over Bermane Stiverne, becoming the first American to hold a major heavyweight crown since 2006. Wilder won easily on all three judges scorecards Saturda

Published 19 Jan, 2015 12:00am

Ledecky flirts with 800m free world record

Katie Ledecky posted the second-fastest 800 meters freestyle in history on Saturday, threatening her own world record in a victory at the Arena Pro Swim Series stop at Austin. The Olympic gold medallist won in eight minutes, 11.21 seconds to complete a sw

Published 19 Jan, 2015 12:00am

Uzbekistan oust Saudi Arabia in Asian Cup thriller

A late double strike rescued Uzbekistan's Asian Cup campaign and ousted three-time champions Saudi Arabia Sunday as Sun Ke's brace enhanced China's growing reputation. The Uzbeks were headed out at 1-1 in Melbourne before Vokhid Shodiev's header and Sardo

Published 19 Jan, 2015 12:00am

Djokovic, Federer vie for five Aussie Open crowns

Novak Djokovic and Roger Federer begin their quest for five Australian Open titles while Serena Williams is chasing her 19th Grand Slam crown in the year's first major starting Monday. World number one Djokovic looms as the player to beat in the men's dra

Published 19 Jan, 2015 12:00am

Ronaldo double takes Madrid four points clear

Cristiano Ronaldo rounded off a week where he was named world player of the year for the third time scoring a double as Real Madrid opened up a four-point lead at the top of La Liga with a 3-0 win away to Getafe on Sunday. The visitors had to wait 63 minu

Published 19 Jan, 2015 12:00am

Murphy stuns Robertson in Masters final

Shaun Murphy raced into a 6-2 lead over Australia's Neil Robertson in the Masters final at London's Alexandra Palace on Sunday. Now the Englishman needs just four more frames to win the title when the match resumes at 1900 GMT Sunday with the second and c

Published 19 Jan, 2015 12:00am

Starc brings Australia victory despite Sharma's ton

Paceman Mitchell Starc took 6-43 to help Australia to a four-wicket victory over India on Sunday, their second in succession in the one-day international tri-series, despite a brilliant Rohit Sharma century. Sharma's 138 at the Melbourne Cricket Ground en

Published 19 Jan, 2015 12:00am

De Villiers shatters record and West Indies

AB de Villiers hit the fastest century in one-day international history as South Africa overwhelmed the West Indies in the second one-day international at the Wanderers in Johannesburg on Sunday. De Villiers raced to his century off 31 balls - five balls

Published 19 Jan, 2015 12:00am

Swiss lose battle in currency war that could spread

Historically neutral Switzerland's foray into the global currency war ended in defeat this past week after its central bank left markets shell-shocked by abandoning the franc's exchange rate floor, analysts said. But with major shifts in monetary policy u

Published 19 Jan, 2015 12:00am

Spain's Rajoy raises job creation forecast

Spain will have created around 1 million jobs in two years by the end of 2015, Prime Minister Mariano Rajoy said in an interview published on Sunday, more than initially predicted by the government, which is banking onn a growing economic recovery Efforts

Published 19 Jan, 2015 12:00am

Eurostar cancels trains after new Tunnel incident

Eurostar travellers faced further disruptions on Sunday after an electrical problem shut down the Channel Tunnel for two hours, a day after a lorry fire forced the closure of the crucial transport link. Eleven trains - two return services between Paris an

Published 19 Jan, 2015 12:00am

Egyptian pound hits historic low as country courts investors

The central bank let the Egyptian pound depreciate for the first time in six months on Sunday, in what analysts view as a move to encourage investment by letting the pound reach a price that the market sees as fair. After four years of turmoil, Egypt is t

Published 19 Jan, 2015 12:00am

Poland may help Swiss franc mortgage holders

The Polish government may support borrowers with mortgages in Swiss francs if that currency stays above the 4 zloty level in the longer term, Deputy Prime Minister Janusz Piechocinski said on Sunday.

Published 19 Jan, 2015 12:00am

Credit Suisse to charge large companies for franc deposits

Credit Suisse said on Sunday it planned to start charging institutional and large corporate clients for Swiss franc accounts following a move by the Swiss National Bank to introduce negative interest rates.

Published 19 Jan, 2015 12:00am

Austria eyes housing push to spur economy

Austria plans to bring forward public sector investments and push new housing construction to help spur output, Economy Minister Reinhold Mitterlehner was quoted as saying. "The economic situation in Europe is headed toward stagnation. We have to act agai

Published 19 Jan, 2015 12:00am

Argentina to keep currency restrictions

Argentina will not end its controls restricting access to foreign currency in the near term, Central Bank President Alejandro Vanoli was quoted as saying in an interview published on Sunday. Shut out of global credit markets since its record 2002 default

Published 19 Jan, 2015 12:00am

Obama's tax proposals run into Republican criticism

President Barack Obama's new tax plan ran into rapid criticism from the Republicans on Sunday, underscoring the challenges facing any attempt to overhaul the US tax code. With the start of a new Congress this month under Republican control, lawmakers have

Published 19 Jan, 2015 12:00am

Saudi giant SABIC profit down 29 percent on lower oil

Falling global oil prices dragged down the net income of Saudi petrochemical giant SABIC by 29 percent in the fourth quarter, the company said on Sunday. SABIC, the largest publicly traded firm in the Gulf, reported net profit of 4.36 billion riyals ($1.1

Published 19 Jan, 2015 12:00am

China's growth hit 24-year low in 2014: survey

China's annual GDP growth slowed to its weakest rate in more than two decades in 2014, according to an AFP survey, projecting further deceleration in the world's second-largest economy this year. The median forecast in a poll of 15 economists saw the Asia

Published 19 Jan, 2015 12:00am

Vanguard trounces ETF rivals in market share growth on low fees

Vanguard Group trounced its rivals among US exchange-traded fund providers in the race for market share in 2014, exploiting its low-fee strategy to grow more than three times as fast as any of its competitors. The two biggest ETF providers, BlackRock and

Published 19 Jan, 2015 12:00am

Vanguard trounces ETF rivals in market share growth on low fees

Vanguard Group trounced its rivals among US exchange-traded fund providers in the race for market share in 2014, exploiting its low-fee strategy to grow more than three times as fast as any of its competitors. The two biggest ETF providers, BlackRock and

Published 19 Jan, 2015 12:00am

SNB bombshell throws doubt on franc's safe-haven status

With a stroke, the Swiss National Bank wiped out a reputation earned over decades as the safest steward of the world's fortunes. Its surprise decision on Thursday to scrap the franc's exchange rate cap triggered the currency's biggest rise in history, pus

Published 19 Jan, 2015 12:00am

Hong Kong exchange proposes trading controls to modernise market

The Hong Kong stock exchange has proposed a closing auction and other trading controls to help bring its outdated market structure in line with major exchanges elsewhere and restore the city's lustre as an international financial market.

Published 19 Jan, 2015 12:00am

Oil's rebound, earnings lift Gulf markets

Gulf stock markets rose on Sunday after companies published mostly positive quarterly earnings and oil prices extended gains. Saudi Arabia's biggest listed company gained despite poor earnings, a fresh sign that the market may have bottomed. Oil ended las

Published 19 Jan, 2015 12:00am

Australia, New Zealand dollar seen falling further

The Australian and New Zealand dollars are expected to lose more ground over the next year, hit by slumping commodity prices, concerns of a slowdown in China and expectations the US dollar will strengthen as the Federal Reserve starts raising rates.

Published 19 Jan, 2015 12:00am

Postbank head favours stock market sale

The chief executive of Deutsche Bank's retail arm Postbank strongly advocates having Deutsche sell a large portion of Postbank's shares on the stock market rather than to another bank, a German magazine reported on Saturday.

Published 19 Jan, 2015 12:00am

Postbank head favours stock market sale

The chief executive of Deutsche Bank's retail arm Postbank strongly advocates having Deutsche sell a large portion of Postbank's shares on the stock market rather than to another bank, a German magazine reported on Saturday.

Published 19 Jan, 2015 12:00am

MSCI to allow overseas listings to be included in major indexes

Index provider MSCI Inc said it plans to change its rules to allow foreign-listed companies traded outside of their home countries to be included in its Global Investable Market Indexes. The move would allow so-called "orphan companies" such as Chinese on

Published 19 Jan, 2015 12:00am

Tokyo investors eye ECB meeting after Swiss action

Tokyo investors will be keeping an eye on next week's policy meeting of the European Central Bank after Switzerland's decision to remove its currency cap with the euro, while expectations are high for a new round of stimulus. "The upcoming ECB meeting on

Published 19 Jan, 2015 12:00am

Currency	Rate
USD PKR Interbank Selling / Nov 22	277.85
USD PKR Interbank Buying / Nov 22	277.65
USD to Japanese Yen / Nov 23	154.78
USD to Swiss Franc / Nov 23	0.89
Pound Sterling to USD / Nov 23	1.25
Euro to USD / Nov 23	1.04

Stock	Volume
S&P 500 / Nov 22	5,969.34
India Sensex / Nov 22	79,117.11
Tokyo Nikkei / Nov 22	38,283.85
Nasdaq / Nov 22	18,003.65
Hang Seng / Nov 22	19,229.97
FTSE 100 / Nov 22	8,262.08
Dow Jones / Nov 22	44,296.51
Germany DAX 30 / Nov 22	19,322.59

Item	Value
Karachi Cotton PKR/37.32 KG / Nov 22	17,785
Gold 10 Grams PKR / Nov 22	240,483
Crude Oil USD/Barrel / Nov 23	71.24
Gold Spot USD/Ounce / Nov 23	2,716.19
Cotton US¢/pound / Nov 23	70.77
Petrol/Litre / Nov 25	248.38

Stock	Price
786 Invest Ltd / Nov 25 786 Investments Limited(786)	6.82 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 25 Al-Abbas Sugar Mills Limited(AABS)	593.76 ▼ 0.00 (0.00%)
Agro Allianz / Nov 25 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 25 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 25 Ali Asghar Textile Mills Limited(AATM)	70.89 ▼ 0.00 (0.00%)
Allied Bank / Nov 25 Allied Bank Limited(ABL)	120.21 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 25 Abbott Laboratories (Pakistan) Limited(ABOT)	1,023.10 ▼ 0.00 (0.00%)
Abson Ind. / Nov 25 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 25 Alfalah Consumer Index ETF.(ACIETF)	12.55 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 25 786 Investments Limited(786)	6.82 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 25 Al-Abbas Sugar Mills Limited(AABS)	593.76 ▲ 0.00 (0.00%)
Agro Allianz / Nov 25 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 25 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 25 Ali Asghar Textile Mills Limited(AATM)	70.89 ▲ 0.00 (0.00%)
Allied Bank / Nov 25 Allied Bank Limited(ABL)	120.21 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 25 Abbott Laboratories (Pakistan) Limited(ABOT)	1,023.10 ▲ 0.00 (0.00%)
Abson Ind. / Nov 25 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 25 Alfalah Consumer Index ETF.(ACIETF)	12.55 ▲ 0.00 (0.00%)

Stock	Volume
WorldCall Telecom / Nov 25 Worldcall Telecom Limited(WTL)	177,135,830 ▲ 0.00
K-Electric Ltd. / Nov 25 K-Electric Limited(KEL)	124,131,268 ▲ 0.00
Hascol Petrol / Nov 25 Hascol Petroleum Limited(HASCOL)	105,013,176 ▲ 0.00
Fauji Foods Ltd / Nov 25 Fauji Foods Limited(FFL)	77,697,371 ▲ 0.00
Treet Battery / Nov 25 Treet Battery Limited(TBL)	43,783,366 ▲ 0.00
B.O.Punjab / Nov 25 The Bank of Punjab(BOP)	36,573,763 ▲ 0.00
Sui South Gas / Nov 25 Sui Southern Gas Company Limited(SSGC)	32,719,678 ▲ 0.00
PIA Holding Co.Ltd / Nov 25 PIA Holding Company Limited(PIAHCLA)	27,969,689 ▲ 0.00
Cnergyico PK / Nov 25 Cnergyico PK Limited(CNERGY)	25,874,820 ▲ 0.00

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