News Archives for Print - 2015-04-08

JLI Managed Growth Fund Rates

Jubilee Life Insurance Managed Growth Fund Rates on Tuesday (April 07, 2015).

Published 08 Apr, 2015 12:00am

Rebels kill eight Iran soldiers on Pakistan border

Eight Iranian border guards have been killed in a clash with Sunni rebels who had infiltrated from neighbouring Pakistan, Iran's official IRNA news agency reported on Tuesday. "Armed terrorists entered Iran from Pakistan and clashed with border guards, ki

Published 08 Apr, 2015 12:00am

JLI Managed Growth Fund Rates

Jubilee Life Insurance Managed Growth Fund Rates on Tuesday (April 07, 2015).

Published 08 Apr, 2015 12:00am

Prime Minister says Iran should be involved in debate

Prime Minister Nawaz Sharif called on Tuesday for Iran to get involved in a debate on security in Yemen as parliament resumed a discussion on whether Pakistan should join a Saudi-led campaign against Iran-allied Houti forces. Sharif addressed parliament a

Published 08 Apr, 2015 12:00am

JLI Managed Growth Fund Rates

Jubilee Life Insurance Managed Growth Fund Rates on Tuesday (April 07, 2015).

Published 08 Apr, 2015 12:00am

Prime Minister says Iran should be involved in debate

Prime Minister Nawaz Sharif called on Tuesday for Iran to get involved in a debate on security in Yemen as parliament resumed a discussion on whether Pakistan should join a Saudi-led campaign against Iran-allied Houti forces. Sharif addressed parliament a

Published 08 Apr, 2015 12:00am

Currency values in terms of Special Drawing Rights

The International Monetary Fund (IMF), treasuries' department's currency values in terms of Special Drawing Rights (SDR).

Published 08 Apr, 2015 12:00am

Prime Minister says 'no hurry' to decide on joining coalition

Prime Minister Nawaz Sharif has said the Parliament is required to guide the government about a decision to be taken in response to the request of Saudi Arabia, which is seeking fighter jets, ground troops and navy vessels. Speaking on the floor of the Na

Published 08 Apr, 2015 12:00am

Open market rates of foreign currencies

Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Tuesday (April 07, 2015).

Published 08 Apr, 2015 12:00am

Prime Minister says 'no hurry' to decide on joining coalition

Prime Minister Nawaz Sharif has said the Parliament is required to guide the government about a decision to be taken in response to the request of Saudi Arabia, which is seeking fighter jets, ground troops and navy vessels. Speaking on the floor of the Na

Published 08 Apr, 2015 12:00am

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Tuesday (April 07, 2015).

Published 08 Apr, 2015 12:00am

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Tuesday (April 07, 2015).

Published 08 Apr, 2015 12:00am

Banks' rates for currency notes (buying and selling)

The selling/buying rates for currency notes of major currencies issued by National Bank (NBP) here on Tuesday (April 07, 2015).

Published 08 Apr, 2015 12:00am

Bill buying rates per unit of currency

Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Tuesday (April 07, 2015).

Published 08 Apr, 2015 12:00am

Interest rates on new foreign currency deposits

Interest rates on new foreign currency deposits issued by the Treasury Management Division of National Bank of Pakistan on Tuesday (April 07, 2015).

Published 08 Apr, 2015 12:00am

Interest rates on old and incremental FCY deposits

Interest rates on old and incremental FCY deposits on Tuesday (April 07, 2015).

Published 08 Apr, 2015 12:00am

Libor

LIBOR calculating interest on US dollar

London Interbank Offer Rates on for calculating interest on special US dollar on Tuesday (April 07, 2015).

Published 08 Apr, 2015 12:00am

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Tuesday (April 07, 2015).

Published 08 Apr, 2015 12:00am

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Tuesday (April 07, 2015).

Published 08 Apr, 2015 12:00am

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Tuesday (April 07, 2015).

Published 08 Apr, 2015 12:00am

Barclays bid rates and maximum rates for payment of interest

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

Published 08 Apr, 2015 12:00am

State Bank of Pakistan conversion rates

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

Published 08 Apr, 2015 12:00am

Aaj TV - Wednesday's schedule

All timings are in PST (Pakistan Standard Time).

Published 08 Apr, 2015 12:00am

Relying on LNG import for power generation a mistake: Pasha

Former Finance Minister, Hafeez Pasha said that the govt is making yet another mistake by over relying on LNG import for power generation. Replying to question at an event organized by Institute for Policy Reforms (IPR) titled "putting power back on track

Published 08 Apr, 2015 12:00am

Tax collection target of second quarter missed

Federal tax collections increased by 14.8 percent in the first half of 2014-15, but the second-quarter indicative target was missed due to legal challenges to tax measures and fiscal effects of the drop in crude oil prices, the sixth review under the exte

Published 08 Apr, 2015 12:00am

Telenor launches affordable 3G-enabled handsets

Telenor Pakistan has announced the launch of 'Telenor Devices' comprising affordable 3G-enabled handsets aimed at building an ecosystem to further facilitate 3G and internet uptake in the country. The announcement was made by Irfan Wahab Khan, Chief Marke

Published 08 Apr, 2015 12:00am

65 suspects held in Kohat raids

The Kohat police on Tuesday arrested at least 65 suspects including Afghan nationals during search and strike operation in district Kohat. According to police sources, Police conducted counter terrorism raids in various parts of district Kohat and arreste

Published 08 Apr, 2015 12:00am

PNS Aslat docks in Karachi Port with 146 Pakistanis, 36 foreigners

Pakistan Navy Ship Aslat arrived at the Karachi Port on Tuesday after successful evacuation of 146 Pakistanis including men, women and children and 36 foreign nationals stranded in Al Mukallah in Yemen. The foreign nationals included eight Chinese, eight

Published 08 Apr, 2015 12:00am

PIA special flight to take evacuated Pakistanis to Lahore, Islamabad

Pakistan International Airline (PIA) is operating special flight PK-3062 Karachi-Lahore-Islamabad for 150 Pakistanis, who returned from Yemen via a Pakistan Navy ship PNS Aslat on Tuesday. According to details, 182 stranded persons including 146 Pakistani

Published 08 Apr, 2015 12:00am

Mitchell's Fruit Farms Limited

Mitchell's Fruit Farms Limited was originally established to grow grapes and then eventually sell it as dried raisins by Frances J.Mitchell of Scotland. It was incorporated in 1933 as Indian Mildura Fruit Farms Ltd with 740 acres of agricultural land in t

Published 08 Apr, 2015 12:00am

Mitchell's Fruit Farms Limited

Mitchell's Fruit Farms Limited was originally established to grow grapes and then eventually sell it as dried raisins by Frances J.Mitchell of Scotland. It was incorporated in 1933 as Indian Mildura Fruit Farms Ltd with 740 acres of agricultural land in t

Published 08 Apr, 2015 12:00am

Significance of MoUs

I read with interest that Pakistan's real friend China's President Xi Jinping will arrive in Pakistan on April 9 on a two-day visit, and our government tells us that 70 more MoUs will be signed with the Chinese officials. May I respectfully ask our presen

Published 08 Apr, 2015 12:00am

Partly Facetious: The Khawaja starts off like a sheep?

"Main, main, main and pronounce it like the Urdu me."

Published 08 Apr, 2015 12:00am

Boeing clings to lead over Airbus in long-haul jets

Boeing is fighting tough efforts by rival Airbus to score big gains in the market for long-haul jets, a segment of the massive aircraft market that the US giant has dominated. Neck-and-neck with Boeing in sales of single-aisle, 150-200 passenger jets, Air

Published 08 Apr, 2015 12:00am

Warnings on Libya government move to divert oil revenues

Libya's internationally recognised government has moved to divert revenues from the long-established state oil company and Central Bank to its own coffers - in an effort experts warn is "risky" and likely to fail. Libya has been run by two governments and

Published 08 Apr, 2015 12:00am

Iran back in business

A good 36 years after the Iranian Revolution of 1979, Iran appears to be all set as a global business player with its nuclear frame agreement made with P5+1 countries on April 5, 2015 after a good two years of back channel diplomacy, secret bi-lateral mee

Published 08 Apr, 2015 12:00am

Unwarranted pandemonium?

The joint session of parliament met Monday morning to discuss and map out a national response to the Saudi request for help in the Yemen crisis - a formidable challenge before the house indeed given its ramifications at home and abroad. But the first thin

Published 08 Apr, 2015 12:00am

Ogra dysfunctional

The Islamabad High Court barred Secretary Cabinet Division from exercising his powers as Acting Chairman of Oil and Gas Regulatory Authority (Ogra) and observed that the Authority had been rendered dysfunctional because of a lack of quorum with two critic

Published 08 Apr, 2015 12:00am

ICE cotton hits six-week high as rally attracts speculator buying

Cotton futures rose to their highest level in six weeks on Tuesday as investor money poured into the commodities complex, with speculators attracted to fiber due to a recent rally and strong technical chart signals. The front-month May cotton contract on

Published 08 Apr, 2015 12:00am

Palm oil falls

Malaysian palm oil futures fell on Tuesday, ending a three-day winning streak due to concerns over rising palm supplies and on anticipation of stiffer competition from top producer Indonesia. Traders said Indonesia's plans to impose a levy on its exports

Published 08 Apr, 2015 12:00am

Raw sugar turns higher, arabica falls

Raw sugar futures on ICE rallied on Tuesday, turning higher on heavy May/July spreading and concern that nearby supplies may be tightening, while the rallying US dollar pushed arabica coffee futures down from a six-week high. New York cocoa fell on pressu

Published 08 Apr, 2015 12:00am

Technical sales pressures wheat; corn and soya sag

US wheat futures fell on Monday on a round of technical selling after posting their biggest weekly gain in 3-1/2 months, traders said. Corn and soyabean futures also were weaker, pressured by robust global supplies and profit taking after posting modest g

Published 08 Apr, 2015 12:00am

Rubber rises

Benchmark Tokyo rubber futures ended up 0.8 percent on Tuesday, snapping a two-session decline, on the back of a weaker yen against the dollar and strong overnight gains in oil prices. Tokyo Commodity Exchange (TOCOM) futures, which set the tone for tyre

Published 08 Apr, 2015 12:00am

Shanghai copper climbs

The most-traded June copper contract on the Shanghai Futures Exchange climbed 0.4 percent to 43,480 yuan ($7,019) a tonne on Tuesday but buying was capped by persistent concerns over slowing demand growth in China, the world's top metals user. "Copper is

Published 08 Apr, 2015 12:00am

Nickel tumbles as funds renew assault; copper up

Nickel slid more than 3 percent on Tuesday as bearish investors renewed a selloff of the metal which has been weighed down by oversupply and record inventories. While nickel prices may succumb to another onslaught in the short term, a prolonged downtrend

Published 08 Apr, 2015 12:00am

Naimi says ready to help improve oil prices, but not alone

Saudi Arabia's oil minister Ali al-Naimi said on Tuesday that the kingdom stood ready to "improve" prices but only if other producers outside of OPEC joined the effort. Naimi said Saudi Arabia had pumped around 10.3 million barrels per day (bpd) in March,

Published 08 Apr, 2015 12:00am

Oil rallies on US jobs data, bullish EIA monthly report

Oil futures rallied on Tuesday, erasing losses on strong jobs data, US government forecasts for lower domestic crude production growth and higher global demand for oil. US job openings surged to a 14-year high in February the Labor Department's monthly Jo

Published 08 Apr, 2015 12:00am

Rotterdam vegetable oil prices

Tuesday's Rotterdam vegetable oil prices at 1600 GMT.

Published 08 Apr, 2015 12:00am

Rotterdam vegetable oil prices

Tuesday's Rotterdam vegetable oil prices at 1600 GMT.

Published 08 Apr, 2015 12:00am

Gold steadies in Asia

Gold steadied below a seven-week high on Tuesday as the dollar regained momentum, although uncertainty about the timing of a US interest rate hike kept bullion above $1,200 an ounce. Friday's bleak US non-farm payrolls data fuelled expectations that the F

Published 08 Apr, 2015 12:00am

Gold climbs in New York

Gold rose to a seven-week high on Monday, climbing for the second straight session after US jobs rose at the slowest pace in more than a year, fueling expectations the US Federal Reserve could postpone an anticipated rate increase.

Published 08 Apr, 2015 12:00am

Gold retreats from seven-week top in Europe

Gold edged lower on Tuesday as the dollar recovered and global shares rose, but uncertainty about the timing of a US interest rate increase kept bullion not far from a seven-week high above $1,200 an ounce. Bullion hit its highest since February 17 at $1,

Published 08 Apr, 2015 12:00am

US MIDDAY: corn and soyabeans sag

US corn and soyabean futures eased on Tuesday on pressure from abundant global supplies and weakening demand for US offerings on the export market, traders said. "The world supplies are still large. The crop in South America continues to grow as harvest c

Published 08 Apr, 2015 12:00am

US MIDDAY: gold down

Gold edged lower early on Tuesday as the dollar recovered and global shares rose, but uncertainty about the timing of a US interest rate increase kept bullion not far from a seven-week high above $1,200 an ounce. Bullion hit its highest since February 17

Published 08 Apr, 2015 12:00am

Berkshire takes 8.7 percent stake in Carlyle-controlled Axalta

Paint maker Axalta Coating Systems Ltd said Berkshire Hathaway Inc would buy an 8.7 percent stake in the company from controlling shareholder Carlyle Group for $560 million. Axalta's shares were up 4.1 percent at $29.50 in premarket trading. Warren Buffet

Published 08 Apr, 2015 12:00am

Slovenia's central bank ups 2015 GDP growth forecast to 2.2 percent

Slovenia's economy will expand 2.2 percent this year, the Bank of Slovenia said on Tuesday, a significant increase on the forecast it issued in September for 2015 growth of 1.3 percent. It said gross domestic product would rise 1.8 percent in 2016, unchan

Published 08 Apr, 2015 12:00am

Slovenia's central bank ups 2015 GDP growth forecast to 2.2 percent

Slovenia's economy will expand 2.2 percent this year, the Bank of Slovenia said on Tuesday, a significant increase on the forecast it issued in September for 2015 growth of 1.3 percent. It said gross domestic product would rise 1.8 percent in 2016, unchan

Published 08 Apr, 2015 12:00am

China sees first default on bond principal

A Chinese technology firm said Tuesday it cannot meet a 241 million yuan ($39 million) debt repayment, making it the first company to default on corporate bond principal in modern China. Cloud Live Tech Group said in a statement to the Shenzhen stock exch

Published 08 Apr, 2015 12:00am

China sees first default on bond principal

A Chinese technology firm said Tuesday it cannot meet a 241 million yuan ($39 million) debt repayment, making it the first company to default on corporate bond principal in modern China. Cloud Live Tech Group said in a statement to the Shenzhen stock exch

Published 08 Apr, 2015 12:00am

Taiwan's struggling HTC posts first quarter profit

Taiwanese smartphone maker HTC on Tuesday posted weaker-than-expected results for the first three months of 2015, while still managing to notch up a fourth successive quarterly profit. HTC was once the star of the intensely competitive smartphone sector,

Published 08 Apr, 2015 12:00am

Ireland's services sector expands again in March, but pace slows

Ireland's services expanded at a robust pace again in March, a survey showed on Tuesday, as companies reported that new orders rose substantially, albeit at the slowest pace in more than a year. Ireland's economy is forecast to be the fastest growing in t

Published 08 Apr, 2015 12:00am

Japan to hold finance dialogue with China, could discuss AIIB

Japan and China plan to hold finance discussions in Beijing in June, which could include topics such as the China-led Asian Infrastructure Investment Bank (AIIB), Finance Minister Taro Aso said on Tuesday.

Published 08 Apr, 2015 12:00am

France to challenge 2016-17 EU structural budget targets

France will target a smaller reduction in its structural budget deficit in 2016 and 2017 than called for by the European Commission in order to preserve growth, its budget minister said on Tuesday. Christian Eckert said the amount of effort asked for rega

Published 08 Apr, 2015 12:00am

South Korea businessmen demand early settlement of Kaesong wage row

South Korean factory owners called Tuesday for the early settlement of a damaging wage dispute in the Kaesong joint industrial zone and North Korea gave a positive response, a businessman said. The North announced last month that it would unilaterally rai

Published 08 Apr, 2015 12:00am

Australia rates held at 2.25 percent

Australia's central bank Tuesday left interest rates on hold at 2.25 percent for the second successive month, but kept the door open for further cuts as the economy continues to struggle. The Reserve Bank of Australia (RBA) said after its monthly board me

Published 08 Apr, 2015 12:00am

EU quizzes Spain, Italy, Greece, Portugal on bank aid

The EU is seeking information from Spain, Italy, Greece and Portugal to determine if they have illegally supported their frail banks, officials said Tuesday.

Published 08 Apr, 2015 12:00am

China's total foreign debt rises 2.5 percent

China's total foreign debt rose 2.5 percent in 2014 to $895.5 billion, but debt repayment risks were under control, the country's foreign exchange regulator said on Tuesday. China's total foreign debt in 2014 was equivalent to 8.64 percent of gross domest

Published 08 Apr, 2015 12:00am

Germany snubs Greece's war reparations call as 'dumb'

Germany snubbed Greece's call for more than 278 billion euros ($306 billion) in war payments Tuesday, calling it "dumb" to mix World War II claims with Athens' negotiations for more aid.

Published 08 Apr, 2015 12:00am

IMF sees low potential economic growth around world

The world's growth potential took a big hit after the 2007-2009 financial crisis and is likely to lag for years, implying that interest rates should likely stay low for quite a while, the International Monetary Fund said in a study on Tuesday.

Published 08 Apr, 2015 12:00am

Eurozone price discounting drives growth in activity

Price discounting drove growth in all of the euro zone's major economies in March, helping business activity increase at its fastest rate for nearly a year, a survey showed on Tuesday.

Published 08 Apr, 2015 12:00am

Global business growth picks up in March

Global business activity accelerated at its fastest pace in six months in March, prompting firms to increase headcount at the sharpest rate since the middle of last year, a survey showed on Tuesday. JPMorgan's Global All-Industry Output Index, produced wi

Published 08 Apr, 2015 12:00am

Ukraine challenges oligarchs' grip on energy companies

Ukraine's judicial authorities launched actions on Tuesday challenging tenders that gave big businessmen control over key power companies under ousted president Viktor Yanukovich in a new move by the government to curb the influence of the so-called oliga

Published 08 Apr, 2015 12:00am

Iran approved to join China-backed infrastructure bank

Iran has been approved as a founding member of the Beijing-backed Asian Infrastructure Bank (AIIB), China's finance ministry said Tuesday, just days after Tehran sealed a historic framework agreement on its nuclear programme.

Published 08 Apr, 2015 12:00am

Samsung Electronics flags better profit

Samsung Electronics flagged Tuesday better-than-expected profits for the first quarter, with rising demand for memory chips helping offset slumping smartphone sales. The South Korean electronics giant - the world's top mobile producer - estimated an opera

Published 08 Apr, 2015 12:00am

Samsung Electronics flags better profit

Samsung Electronics flagged Tuesday better-than-expected profits for the first quarter, with rising demand for memory chips helping offset slumping smartphone sales. The South Korean electronics giant - the world's top mobile producer - estimated an opera

Published 08 Apr, 2015 12:00am

India's RBI keeps rates on hold

India's central bank kept interest rates unchanged Tuesday, saying most commercial banks have yet to pass on two previous cuts to customers in Asia's third largest economy. After meeting in the financial capital Mumbai, the Reserve Bank of India (RBI) sai

Published 08 Apr, 2015 12:00am

Boeing beats Airbus in first quarter net orders, deliveries

US planemaker Boeing beat European rival Airbus in net new orders and deliveries in the first quarter, according to figures released on Tuesday. The aircraft giants showed mixed results in the traditionally slow quarter for new orders but the gap between

Published 08 Apr, 2015 12:00am

US jobs opening data points to skills mismatch

US job openings surged to a 14-year high in February but a steady pace of hiring suggested employers are having trouble finding suitable workers, a trend that could put upward pressure of wage growth. Job openings, a measure of labor demand, increased 168

Published 08 Apr, 2015 12:00am

Libya says 'new elements' in killing of US ambassador

Libya's internationally recognised parliament said Tuesday it has uncovered "new elements" behind the 2012 assassination of the US ambassador when the American consulate was stormed in eastern city Benghazi.

Published 08 Apr, 2015 12:00am

White House plays down summit spat with Venezuela

The White House said Tuesday Venezuela is not a security threat, in a disavowal aimed at defusing a controversy just days before Presidents Barack Obama and Nicolas Maduro come face-to-face at a regional summit. Senior US officials said recent sanctions o

Published 08 Apr, 2015 12:00am

Anti-establishment Rand Paul joins US presidential race

Conservative US Senator Rand Paul announced Tuesday that he is running for his party's nomination for the 2016 presidential race, making him the second major Republican to join the contest.

Published 08 Apr, 2015 12:00am

Destructive hacking attempts target critical infrastructure in Americas

Hacking attacks that destroy rather than steal data or that manipulate equipment are far more prevalent than widely believed, according to a survey of critical infrastructure organizations throughout North and South America.

Published 08 Apr, 2015 12:00am

Firefighters try to sink Russian nuclear sub to put out flames

Russian emergency crews on Tuesday tried to submerge a nuclear submarine that caught fire while undergoing repairs in dry dock as officials insisted it was not carrying nuclear fuel or arms. Despite attempts by authorities to downplay the incident, report

Published 08 Apr, 2015 12:00am

Costa Rica volcano throws up fiery rocks and ash

Costa Rica's Turrialba volcano erupted early Tuesday, hurling fiery rocks and sending up a column of ash that showered the capital 80 kilometers (50 miles) away, authorities said. A surveillance camera trained on the volcano captured the eruption, The Nat

Published 08 Apr, 2015 12:00am

'American Pie' lyrics sell for $1.2 million in New York

The original manuscript of Don McLean's enigmatic hit song "American Pie" sold at auction in New York on Tuesday for $1.2 million, Christie's said. The 18 pages of manuscript, written in 1970-71 in pencil, ink and typescript on 17 sheets, had been expecte

Published 08 Apr, 2015 12:00am

Cairn India takes Indian authorities to court

Cairn India Ltd, India's largest private-sector oil producer, said on Monday it had moved the Delhi High Court against a $3.3 billion tax demand from Indian authorities related to its listing in 2007. The company, a unit of London-listed Vedanta Resources

Published 08 Apr, 2015 12:00am

ICMA holds 8th 'Directors Training Programme'

ICMA Pakistan organised its eighth Directors Training Programme at Islamabad, which was attended by many managing directors, CEOs and top level executives of different organisations. Participants who have attended the programme became "Certified Directors

Published 08 Apr, 2015 12:00am

Circular debt: power sector arrears two percent of GDP till Jan '15: IMF

The International Monetary Fund (IMF), in its Sixth Review has unveiled that stock of circular debt is estimated to be Rs 540 billion, around 2 percent of GDP. According to the report, as of January 2015, arrears in the power sector stood at nearly 2 perc

Published 08 Apr, 2015 12:00am

Circular debt: power sector arrears two percent of GDP till Jan '15: IMF

The International Monetary Fund (IMF), in its Sixth Review has unveiled that stock of circular debt is estimated to be Rs 540 billion, around 2 percent of GDP. According to the report, as of January 2015, arrears in the power sector stood at nearly 2 perc

Published 08 Apr, 2015 12:00am

Pakistan succeeded in stabilising economy: steady implementation of reforms is vital: IMF

Pakistan has succeeded in stabilising its economy, but steady implementation of reforms is vital if the country hopes to find a place among the world's fast-growing emerging markets. This was stated by Jeffrey Franks, the IMF's outgoing mission chief for

Published 08 Apr, 2015 12:00am

Pakistan succeeded in stabilising economy: steady implementation of reforms is vital: IMF

Pakistan has succeeded in stabilising its economy, but steady implementation of reforms is vital if the country hopes to find a place among the world's fast-growing emerging markets. This was stated by Jeffrey Franks, the IMF's outgoing mission chief for

Published 08 Apr, 2015 12:00am

French violinist Vadim Tchijik performs

The Embassy of France in Islamabad is pleased to announce that prodigious French violinist Vadim Tchijik is touring Pakistan. Vadim is performing in Karachi on 6 April, Islamabad on 7April and Lahore on 8 April 2015. Born in November 1975, Vadim started t

Published 08 Apr, 2015 12:00am

KP Governor launches rehabilitation strategy for TDPs

Khyber Pakhtunkhwa Governor Sardar Mahtab Ahmad Khan Tuesday launched first-ever FATA Sustainable Return and Rehabilitation Strategy which aims at ensuring progressive and sustainable return of entire Temporarily Displaced Persons (TDPs).

Published 08 Apr, 2015 12:00am

TCKP to hold seminar on Shandur Polo festival

The Tourism Corporation Khyber Pakhtunkhwa (TCKP) is arranging a one-day seminar in connection with the upcoming Shandur Polo Festival in Chitral district. The purpose of the seminar to be held here on April 13 is to have consultations and invite proposal

Published 08 Apr, 2015 12:00am

Debt dynamics benefit from low real rates: IMF

Pakistan's debt dynamics benefit from low effective real interest rates, the Sixth Review under the extended fund arrangement and modification of performance criteria maintains.

Published 08 Apr, 2015 12:00am

IMF resident representative meets Dar

Resident Representative IMF for Pakistan, Tokhir Mirzoev met Finance Minister Senator Mohammad Ishaq Dar here on Tuesday. Mirzoev has recently assumed the responsibilities of his office in Pakistan. The Finance Minister welcomed Tokhir Mirzoev to Pakistan

Published 08 Apr, 2015 12:00am

Tuesday's early afternoon trade: stocks up on deal news; biotechs jump

US stocks rose on Tuesday, adding to recent gains, after deal news including a bid from FedEx for a Dutch peer suggested companies still see value in the market. Healthcare stocks led the advance on the S&P 500 with biotech shares up after four days of lo

Published 08 Apr, 2015 12:00am

Wall Street rises as rate hike worries ease

US stocks rose on Monday as expectations the Federal Reserve could hold off longer on raising US interest rates offset concerns over Friday's surprisingly weak monthly jobs report. The jobs report came in well below expectations, with data showing US empl

Published 08 Apr, 2015 12:00am

Tokyo shares gain 1.25 percent

Tokyo stocks climbed 1.25 percent Tuesday, boosted by a weaker yen and gains on Wall Street as last week's soft US jobs data tempered expectations for a US interest rate hike. The Nikkei 225 index at the Tokyo Stock Exchange climbed 242.56 points to 19,64

Published 08 Apr, 2015 12:00am

Gulf markets boosted by stronger oil

Major Gulf stock markets rose on the back of stronger oil prices on Tuesday, while Egypt began rebounding after a three-week bout of heavy profit-taking. Brent crude jumped nearly 6 percent on Monday to $58.24 a barrel, its highest since March 27, althoug

Published 08 Apr, 2015 12:00am

Currency	Rate
USD PKR Interbank Selling / Dec 4	277.97
USD PKR Interbank Buying / Dec 4	277.77
USD to Japanese Yen / Dec 4	150.37
USD to Swiss Franc / Dec 4	0.89
Pound Sterling to USD / Dec 4	1.27
Euro to USD / Dec 4	1.05

Stock	Volume
S&P 500 / Dec 3	6,049.87
Nasdaq / Dec 3	19,480.91
Dow Jones / Dec 3	44,705.53
India Sensex / Dec 4	80,956.33
Tokyo Nikkei / Dec 4	39,276.39
Hang Seng / Dec 4	19,742.46
FTSE 100 / Dec 4	8,328.12
Germany DAX 30 / Dec 4	20,195.75

Item	Value
Karachi Cotton PKR/37.32 KG / Dec 3	17,685
Crude Oil USD/Barrel / Dec 4	70.17
Gold 10 Grams PKR / Dec 4	235,940
Gold Spot USD/Ounce / Dec 4	2,644.45
Cotton US¢/pound / Dec 4	71.11
Petrol/Litre / Dec 5	252.10

Stock	Price
786 Invest Ltd / Dec 5 786 Investments Limited(786)	7.37 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Dec 5 Al-Abbas Sugar Mills Limited(AABS)	627.86 ▼ 0.00 (0.00%)
Agro Allianz / Dec 5 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Dec 5 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Dec 5 Ali Asghar Textile Mills Limited(AATM)	68.40 ▼ 0.00 (0.00%)
Allied Bank / Dec 5 Allied Bank Limited(ABL)	150.94 ▼ 0.00 (0.00%)
Abbott Lab. / Dec 5 Abbott Laboratories (Pakistan) Limited(ABOT)	1,123.10 ▼ 0.00 (0.00%)
Abson Ind. / Dec 5 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Dec 5 Alfalah Consumer Index ETF.(ACIETF)	13.47 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Dec 5 786 Investments Limited(786)	7.37 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Dec 5 Al-Abbas Sugar Mills Limited(AABS)	627.86 ▲ 0.00 (0.00%)
Agro Allianz / Dec 5 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Dec 5 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Dec 5 Ali Asghar Textile Mills Limited(AATM)	68.40 ▲ 0.00 (0.00%)
Allied Bank / Dec 5 Allied Bank Limited(ABL)	150.94 ▲ 0.00 (0.00%)
Abbott Lab. / Dec 5 Abbott Laboratories (Pakistan) Limited(ABOT)	1,123.10 ▲ 0.00 (0.00%)
Abson Ind. / Dec 5 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Dec 5 Alfalah Consumer Index ETF.(ACIETF)	13.47 ▲ 0.00 (0.00%)

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

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