News Archives for Print - 2015-04-12 - Business Recorder

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Print - 2015-04-12

Improvement of health system: PITB starts working on 23 IT-based projects

Improvement of health system: PITB starts working on 23 IT-based projects

Punjab Information Technology Board (PITB) Chairman Umar Saif said that up to 21 projects have started to improve the healthcare by using android and Internet applications. The chairman, who was briefing at a meeting on Saturday, said the projects were in

Published 12 Apr, 2015 12:00am

LHC grants stay against notice issued by IRO

LHC grants stay against notice issued by IRO

Lahore High Court (LHC) has granted stay against a notice issued by Inland Revenue Officer (IRO) to a taxpayer, seeking information or evidence under Section 176 of the Income Tax Ordinance, 2001.

Published 12 Apr, 2015 12:00am

JI chief slams MQM

JI chief slams MQM

Jamaat-e-Islami chief Siraj-ul-Haq on Saturday criticised Muttahida Qaumi Movement, labelling it as a `fascist' political party. He was speaking at a camp of Islami Jamiat Talaba's (IJT) Nazimeen of Khyber Pakhtunkhwa set up at Markaz-e-Islami. JI Secreta

Published 12 Apr, 2015 12:00am

Imran says he was against Pakistan's role in US war on terror

Imran says he was against Pakistan's role in US war on terror

Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan said on Saturday that he was first to stand against standing with the US in its war against terrorism.

Published 12 Apr, 2015 12:00am

Youth Policy 2012: experts urge Sindh Assembly to adopt draft

Youth Policy 2012: experts urge Sindh Assembly to adopt draft

Experts at seminar urged that the draft of Youth Policy 2012 should be adopted immediately by Sindh Assembly with some amendments after wide consultations at gross-root level to protect the rights of youth in the province.

Published 12 Apr, 2015 12:00am

Court extends remand of model Ayyan Ali

Court extends remand of model Ayyan Ali

The Special Customs Court, Rawalpindi, headed by Judge Mumtaz Hussain, on Saturday extended the judicial remand of supermodel Ayyan Ali till April 24. The Special Customs Court on Saturday heard the supermodel Ayyan Ali money laundering case.

Published 12 Apr, 2015 12:00am

Polls in Cantt Boards: PPP fields candidates

Polls in Cantt Boards: PPP fields candidates

Pakistan People's Party Parliamentarian (PPPP) had announced the list of its candidates for the local bodies' polls in Cantonment Boards of the city to be held on April 25 this current month.

Published 12 Apr, 2015 12:00am

Over eight cases of robberies registered last week in capital

Over eight cases of robberies registered last week in capital

Over eight cases of armed robberies, burglaries and auto theft have deprived the residents of capital of eight vehicles including bikes besides, millions of rupees in cash and kinds during the last week in the heavily guarded city.

Published 12 Apr, 2015 12:00am

NA-246 Escalating tension may pave way for governor's rule: Gabol

NA-246 Escalating tension may pave way for governor's rule: Gabol

Sardar Nabeel Gabol said he had premonitions about bloodshed in the electoral constituency of NA-246, which might be a base for the imposition of Governor's Rule in the province. The political heat in the constituency had already escalated enough and the

Published 12 Apr, 2015 12:00am

LPG association hails cut in producer prices

LPG association hails cut in producer prices

The LPG Association of Pakistan is appreciative of the Government's efforts to reduce LPG Producer Prices and bring them at par with Saudi Aramco Contract Price. Since November 2014, local PG Producers had kept their prices far higher than the internation

Published 12 Apr, 2015 12:00am

RSPH visits Lifebuoy's adopted village

RSPH visits Lifebuoy's adopted village

In recognition of Lifebuoy's efforts towards uplifting community health, the Royal Society for Public Health, represented by Claire McDonald visited Rahim Charan, a village adopted by Lifebuoy under its Help a Child Reach 5 programme. Lifebuoy has become

Published 12 Apr, 2015 12:00am

Haier Ventures out in handset business in Pakistan

Haier Ventures out in handset business in Pakistan

World's Leading Brand Haier Ventures out in Handset Business in Pakistan. At the launch of Haier Mobile President of Ruba-SEZ Group announced the latest venture Haier Mobile. On this occasion the President of Ruba-SEZ Group Shah Fasial Afridi passionately

Published 12 Apr, 2015 12:00am

Shujaat Azeem issues defamation notice against TV channel

Shujaat Azeem issues defamation notice against TV channel

Special Assistant to the Prime Miniser on Aviation, Muhammad Shujaat Azeem has issued a defamation notice to a private TV news channel (not Aaj TV) to tender an apology to him. The notice was issued through a leading defamation lawyer Alasdair Pepper, thr

Published 12 Apr, 2015 12:00am

Need for novel, creative thinking

Need for novel, creative thinking

It is interesting to note that a high-level meeting chaired by prime minister Nawaz Sharif has decided to proactively promote conservation measures through early closure of shops, marriage halls and restaurants in Islamabad. According to a Business Rec

Published 12 Apr, 2015 12:00am

Post-election standoff may still wrong-foot sterling investors

For British businesses concerned that May's election could trigger big swings in sterling, the cost of protection has surged in the past month - and any protracted talks on forming a coalition government could push it higher still. Sterling hit a five-yea
Published 12 Apr, 2015 12:00am

More austere, accommodating Rousseff paying off for Brazil

The "new Dilma" is starting to produce results. By embracing power-sharing deals and budget cuts that she shunned during her first term in office, President Dilma Rousseff has begun to ease the economic and political crisis plaguing Brazil, congressional
Published 12 Apr, 2015 12:00am

Pakistan as a regional manufacturing hub?

Alongside are the excerpts from the key-note address that the writer delivered at Lahore School of Economics last month. Manufacturing's share in GDP increased from about 8 percent in 1950 to about 18 percent by 1995 and has hovered around that for
Published 12 Apr, 2015 12:00am

Banishing bonded labour

According to a press report, the KPK Assembly is in the process of finalizing legislation regarding prohibition of bonded labour, and regulating matters leading to debt bondage of workers. As a matter of fact, forced labour is already prohibited under the
Published 12 Apr, 2015 12:00am

Libor
Euro's woes

The euro's slide against the dollar has ignited fears of a currency war, analysts maintain though some argue that countries are proactively intervening in the marketplace to weaken their currency with the objective of improving exports, while others aver
Published 12 Apr, 2015 12:00am

Mali boosts cotton production to 233,000 tonnes

Mali ended its 2014-2015 season with record production of 233,000 tonnes of cotton fibre versus 185,000 tonnes the previous year, the state-owned Malian Company for the Development of Textile (CMDT) said. Mali produced roughly 550,000 tonnes of raw cotton
Published 12 Apr, 2015 12:00am

US farmers take a gamble with belt-tightening as incomes slide

Bracing for their leanest season in eight years, US farmers are skimping on everything from machinery to fertilizers, betting that they can go down-market and yet maintain crop production and quality. The belt-tightening has already squeezed sales of supp
Published 12 Apr, 2015 12:00am

Premium for old-crop CBOT soya shrinks

A sharp drop in demand for US soyabeans will erode the long-held price premium of old-crop Chicago Board of Trade soyabean contracts, as dominant buyer China turns to abundant new-crop South American supplies, traders and analysts said on Wednesday.
Published 12 Apr, 2015 12:00am

Asian rubber

A slide in regional rubber futures led to few physical deals in Asia this week as sellers opted to hold on to their material rather than chase falling prices. Rubber futures in Singapore dropped to six-week lows and those in Tokyo fell to their weakest si
Published 12 Apr, 2015 12:00am

Coffee traders in storage game as Colombian glut grows

Stocks of Colombian coffee in exchange warehouses have more than doubled in the last seven weeks, hitting a record high as traders store a glut of beans as demand for washed arabica coffee wanes and futures remain under pressure.
Published 12 Apr, 2015 12:00am

Big funds place biggest bullish oil bets since 2011

Big money oil investors are calling a bottom in oil prices. Money managers and other speculators increased their net long positions in US oil futures and options by some 52 million barrels in the week to April 7, the biggest one-week gain in bullish bets
Published 12 Apr, 2015 12:00am

Short-covering supports wheat but corn and soyabeans fall

US wheat futures rose 1.4 percent on Friday on a round of short-covering by speculators after price declines in three of the previous four sessions, traders said.
Published 12 Apr, 2015 12:00am

Coffee and sugar price forecasts slashed up to 31 percent as Brazil real falls

Banks including Goldman Sachs and Citi have slashed their forecasts for coffee and sugar prices by as much as 31 percent in the past month as the value of Brazil's real currency slumped to its lowest in 12 years.
Published 12 Apr, 2015 12:00am

World oil prices rebound; gold moves up

Oil prices rebounded and gold firmed this week as markets reacted to geopolitical concerns and the outlook for interest rates in the United States. A strong dollar meanwhile capped gains for certain commodities priced in the US unit and caused others to d
Published 12 Apr, 2015 12:00am

Kenya's coffee price falls

The top price of Kenya's benchmark grade AA coffee per 50-kg bag dropped at this week's auction, the Nairobi Coffee Exchange (NCE) said on Wednesday. The east African country produces speciality coffee sought after by roasters for blending with beans from
Published 12 Apr, 2015 12:00am

Indian sugar futures fall on ample supplies

Indian sugar futures fell on Friday on ample supplies and sluggish domestic demand, though expectations the government will give incentive to export white sugar restricted the downside. At 1211 GMT, the key May contract on the National Commodity and Deriv
Published 12 Apr, 2015 12:00am

Several changes seen on grain market

Several changes were seen on the wholesale grain market on Saturday in the process of trading, dealers said. On the cereals side, Moong Punjab was lower by Rs 125 to Rs 12125 and Moong Afghan lost the same amount to Rs 13000, Urad Burma shed the same amou
Published 12 Apr, 2015 12:00am

Asian rice: Vietnam prices steady on China demand, Thai prices slip

Vietnamese rice prices steadied this week on Chinese purchases, while export quotations for Thai rice dropped slightly on thin demand, traders said on Wednesday. The price for Vietnam's 5-percent broken rice was at $365-$370 a tonne, free-on-board (FOB) S
Published 12 Apr, 2015 12:00am

US FOB Gulf soyabean offers firm

Export premiums for soyabeans shipped from the US Gulf Coast were firm on Friday on tight supplies of old-crop beans in the export pipeline and improved demand for near term shipments, traders said. The USDA on Friday confirmed private sales of 140,000 to
Published 12 Apr, 2015 12:00am

Asian cocoa powder prices up as first quarter grindings seen lower

Butter ratios and powder prices strengthened in Asia this week as buyers banked on grinding results being lower in the first quarter driven by product prices that remain below cost for much of the grinding industry. The global cocoa market has been hit by
Published 12 Apr, 2015 12:00am

Cotton market: prices find steadier footing

Prices maintained steadier trend on the cotton market on Saturday as some needy spinners continued buying of quality lint, dealers said. The official spot rate maintained overnight level at Rs 5250, dealers said. In the ready session, around 5,000 bales o
Published 12 Apr, 2015 12:00am

European vegoils prices steady on early deals

A further drop in palm oil prices triggered some early deals on Europe's vegetable oils market on Friday before prices steadied and discouraged buyers. Palm products were initially offered lower in Europe to factor in Thursday's four-month low on Malaysia
Published 12 Apr, 2015 12:00am

China to cut iron ore tax in new blow to glut-hit prices

China has moved to prop up its struggling iron ore industry by slashing taxes, potentially expanding a global glut and undermining a strategy by mega miners to drive out high-cost competitors. Brazil's Vale and Australian miners Rio Tinto and BHP Billit
Published 12 Apr, 2015 12:00am

Paris wheat futures higher after bounce in Chicago

Paris wheat futures closed higher on Friday after a bounce in Chicago offered late support to a subdued European Union market. Euronext futures were little changed for much of the session as the market saw Thursday's US Department of Agriculture (USDA) as
Published 12 Apr, 2015 12:00am

Ukraine grain crop likely to fall up to 14 percent

Ukraine's 2015 grain harvest is likely to fall by up to 14 percent to 55-57 million tonnes due to poor autumn weather and a lower yield, a government source said on Friday, further weakening the war-battered economy. "We had forecast the harvest at 60 mil
Published 12 Apr, 2015 12:00am

Asian sugar: Thai premiums fall as most mills, traders reluctant to sell

Premiums for Thai raw sugar fell after most producers and traders appeared reluctant to offer the sweetener despite a jump in global prices, dealers said. On Wednesday, global sugar prices settled up 0.20 cent, or 1.6 percent, at 12.97 cents a lb, a three
Published 12 Apr, 2015 12:00am

French maize sowing underway: farm office

Farmers have begun sowing this year's grain maize crop in France, the European Union's largest producer, with 2 percent of the expected area sown by April 6, farm office FranceAgriMer said on Friday. The start of the maize (corn) sowing campaign was slowe
Published 12 Apr, 2015 12:00am

Indonesia's Timah says tin export quota to lift prices off 5-year lows

Tin prices will average $20,000-$23,000 a tonne this year, the CEO at Indonesia's PT Timah said on Friday, with prices boosted from five-year lows by an Indonesian export limit that is likely to continue until the end of the year.
Published 12 Apr, 2015 12:00am

Russian wheat prices fall on stronger rouble

Russian wheat prices continued to decline last week because of a stronger rouble, higher stocks in main producing regions and a seasonal increase in supply from farmers who needed cash for the spring sowing, analysts said on Monday.
Published 12 Apr, 2015 12:00am

China to stockpile record 80 million tonnes of corn

China will stockpile a record 80 million tonnes of corn this year, up from the 69 million tonnes it bought for stockpiling in 2013/2014, a senior trader at top grain buyer COFCO said on Thursday. The huge stocks will bring China's corn inventory to more t
Published 12 Apr, 2015 12:00am

European stocks seen climbing another six percent by end-2015

European shares are set to extend their brisk rally this year as the European Central Bank's massive asset-buying scheme and a weakening euro help revive economic growth and corporate profits, a Reuters poll found. The survey of around 50 fund managers an
Published 12 Apr, 2015 12:00am

Apax Partners readies IPO for Permanent Capital Vehicle in London

European private-equity firm Apax Partners is readying an initial public offering for Permanent Capital Vehicle, the biggest investor in Apax's funds, in London to raise money that it can use to seed more funds, according to a source familiar with the mat
Published 12 Apr, 2015 12:00am

Apax Partners readies IPO for Permanent Capital Vehicle in London

European private-equity firm Apax Partners is readying an initial public offering for Permanent Capital Vehicle, the biggest investor in Apax's funds, in London to raise money that it can use to seed more funds, according to a source familiar with the mat
Published 12 Apr, 2015 12:00am

India's Nuziveedu Seeds to file for up to $200 million IPO

India's Nuziveedu Seeds Ltd, in which the Blackstone Group holds a 25 percent stake, is set to file for a market listing to raise up to $200 million, five sources with direct knowledge of the matter told Reuters. Nuziveedu, which could file as early as ne
Published 12 Apr, 2015 12:00am

India's Nuziveedu Seeds to file for up to $200 million IPO

India's Nuziveedu Seeds Ltd, in which the Blackstone Group holds a 25 percent stake, is set to file for a market listing to raise up to $200 million, five sources with direct knowledge of the matter told Reuters. Nuziveedu, which could file as early as ne
Published 12 Apr, 2015 12:00am

High valuations seen capping gains in Australia shares to end-2015

Australia's benchmark share index is expected to make only modest gains from now to December, but it will reach its highest level since the global financial crisis by the middle of the year, a Reuters poll found on Tuesday.
Published 12 Apr, 2015 12:00am

Canada's top index ends broadly higher

Canada's main stock index finished broadly higher on Friday, for a seventh straight day of gains, buoyed in part by resource stocks that benefited from higher commodity prices. The index was also supported by the positive tone in equity markets around the
Published 12 Apr, 2015 12:00am

Thailand allows foreign firms to list on Bangkok bourse

Thailand's securities regulator said on Thursday it will allow foreign firms to launch initial public offerings (IPO) in the country and list on the Stock Exchange of Thailand, effective immediately. The change is part of a plan to promote Thailand as a c
Published 12 Apr, 2015 12:00am

Thailand allows foreign firms to list on Bangkok bourse

Thailand's securities regulator said on Thursday it will allow foreign firms to launch initial public offerings (IPO) in the country and list on the Stock Exchange of Thailand, effective immediately. The change is part of a plan to promote Thailand as a c
Published 12 Apr, 2015 12:00am

Treasuries outlook: prices edge up as investors look to slew of US data

US Treasury debt prices rose on Friday after the previous day's sell-off, as investors covered short positions taken in the wake of a poor auction of US 30-year bonds. The US 30-year bond sale on Thursday resulted in a yield of 2.598 percent, about 3 basi
Published 12 Apr, 2015 12:00am

Treasuries outlook: prices edge up as investors look to slew of US data

US Treasury debt prices rose on Friday after the previous day's sell-off, as investors covered short positions taken in the wake of a poor auction of US 30-year bonds. The US 30-year bond sale on Thursday resulted in a yield of 2.598 percent, about 3 basi
Published 12 Apr, 2015 12:00am

Dutch minister says no new time frame for ABN Amro listing

Dutch finance minister Jeroen Dijsselbloem said he will seek a stock market listing for Dutch bank ABN Amro only when a dispute over executive pay and banking ethics is resolved. "I cannot name any term in which I will resume my proposal to let ABN Amro r
Published 12 Apr, 2015 12:00am

ECB bond buying, US data pin top-rated euro zone bond yields near record lows

Yields on top-rated euro zone bonds fell towards record lows on Friday on central bank buying and after data suggested there was enough downward pressure on US inflation to keep the Federal Reserve from raising rates in June. US import prices dropped in M
Published 12 Apr, 2015 12:00am

ECB bond buying, US data pin top-rated euro zone bond yields near record lows

Yields on top-rated euro zone bonds fell towards record lows on Friday on central bank buying and after data suggested there was enough downward pressure on US inflation to keep the Federal Reserve from raising rates in June. US import prices dropped in M
Published 12 Apr, 2015 12:00am

South African stocks to trade cautiously on rate uncertainty

South African stocks will give up some gains by mid-year as investors anticipate a US rate rise that will keep local policy tight, but the market could regain some ground by year end, a Reuters poll found. The Johannesburg Top-40 index will end June at 45
Published 12 Apr, 2015 12:00am

Shanghai, Hong Kong, Seoul and Taipei shares to rise through 2015

Shares in China and other East Asian markets will extend their rally this year, buoyed by additional policy easing expected from Beijing and other regional central banks, a Reuters poll showed. The Shanghai Composite Index has had a stellar run, surging o
Published 12 Apr, 2015 12:00am

Spain's Naturhouse joins queue of stock debut hopefuls

Spanish health and diet products maker Naturhouse has revived plans to list on the stock market in a sale that will value the firm at up to 360 million euros ($388 million), the latest in a series of flotations in the country.
Published 12 Apr, 2015 12:00am

GE sparks broad Wall Street rally; indexes post weekly gains

US stocks ended a strong week with a broad rally on Friday as investors lauded GE's decision to divest most of its high-risk GE Capital business and repurchase up to $50 billion of its shares. All 10 primary S&P 500 sectors ended up on the day but the S&P
Published 12 Apr, 2015 12:00am

Hungary's banks face big rise in fees for brokerage troubles

Hungarian banks and investment funds will see their insurance fees more than double from next year to cover the cost of a series brokerage bailouts, the central bank's managing director, Marton Nagy, said in a newspaper interview on Saturday. Annual payme
Published 12 Apr, 2015 12:00am

Peru's largest mining union approves indefinite strike

Peru's largest mining union on Friday approved an indefinite strike beginning on May 18 to demand better working conditions for workers, a union boss said. Ricardo Juarez, president of the national mining workers federation, said some 70 unions representi
Published 12 Apr, 2015 12:00am

Ivory Coast says gets US approval for direct flights

Ivory Coast has received authorisation from the United States to start direct flights between the two countries, officials said on Saturday, boosting the West African nation's hopes of becoming a regional transport hub.
Published 12 Apr, 2015 12:00am

France's Vivendi says will not bid for Lagardere

French media group Vivendi , with cash to spend after selling a chunk of its business, has no plans to bid for smaller rival Lagardere . Earlier this week, a source familiar with the matter had told Reuters Vivendi had made a bid worth 3.3 billion euros (
Published 12 Apr, 2015 12:00am

ECB sees risks in Greece's planned home foreclosure law

Greece's draft law to protect primary residences from foreclosures goes beyond protecting low-income debtors and could encourage strategic defaults, the European Central Bank said in a legal opinion on Saturday in a potential setback to the plan.
Published 12 Apr, 2015 12:00am

China to restrict visits by Shenzhen residents to Hong Kong: NPC deputy

China will limit visits by residents of the southern city of Shenzhen to neighbouring Hong Kong, local media and politicians said on Sunday, following recent tensions in the former British colony caused by growing numbers of mainland visitors. Shenzhen au
Published 12 Apr, 2015 12:00am

Sri Lanka delays $1.5 billion sovereign bond issue

Sri Lanka has delayed a $1.5 billion sovereign bond issue originally scheduled for April, the finance minister said on Friday, days after parliament rejected his bid to raise government borrowing limits ahead of national elections.
Published 12 Apr, 2015 12:00am

Sri Lanka delays $1.5 billion sovereign bond issue

Sri Lanka has delayed a $1.5 billion sovereign bond issue originally scheduled for April, the finance minister said on Friday, days after parliament rejected his bid to raise government borrowing limits ahead of national elections.
Published 12 Apr, 2015 12:00am

Volkswagen in full-blown crisis as CEO vows to fight

Volkswagen has plunged into a full-blown leadership crisis after Chief Executive Martin Winterkorn let it be known on Saturday he will fight for his job even though the carmaker's chairman has reportedly withdrawn confidence in the CEO.
Published 12 Apr, 2015 12:00am

Toyota to build plant in China in investment splurge

Toyota is planning to build a new plant in northern China as the world's top automaker ramps up investment after a two-year freeze, reports said Saturday. Proposals for the plant in Tianjin - due to open in 2018 at the earliest with a capacity of 100,000
Published 12 Apr, 2015 12:00am

China's premier says economy faces growing downward pressure

China's economy faces increased downward pressure, the premier has said, as the country prepares to announce first-quarter economic growth.
Published 12 Apr, 2015 12:00am

Shock therapy to spur wave of mergers among Italy's 'popolari' banks

Italy's biggest cooperative banks are bracing for a wave of mergers following a government reform that forces them to convert into joint stock companies within 18 months. The reform aims to strengthen Italy's banking sector, which fared the worst in a Eur
Published 12 Apr, 2015 12:00am

Zimbabwe trade union marches to demand jobs

Around 200 hundred people from Zimbabwe's main trade union on Saturday marched to government offices in Harare to demand that President Robert Mugabe fix the ailing economy and fulfil an election promise to create over two million jobs. Workers belonging
Published 12 Apr, 2015 12:00am

Tibetan nun burns herself to death in China

A Tibetan nun is believed to have died after setting herself on fire to protest China's rule over the Himalayan region and to voice support for the Dalai Lama, rights groups and media said. Yeshi Khando walked around the Kardze Monastery in a type of pray
Published 12 Apr, 2015 12:00am

Soviet-era statues smashed as Ukraine likens Russia to Nazis

Masked men smashed communist-era monuments in Ukraine's second city overnight Friday after the country's pro-Western parliament voted to purge the nation of Soviet symbols and its head of state compared today's Russia to Nazi Germany.
Published 12 Apr, 2015 12:00am

Mysterious closure of Russian museum before WWII photo show

A Russian museum that was due to host an exhibition of World War II images by photographic greats such as Robert Capa has unexpectedly closed just before the show was due to open, reportedly on Moscow's orders.
Published 12 Apr, 2015 12:00am

German army to recommission 100 tanks

The German army is to bring back into service around 100 tanks sold to industry, the ministry of defence said on Saturday. The move will bring to 328 the number of "Leopard 2" tanks the German army has at its disposal, up from 225 at present, a ministry s
Published 12 Apr, 2015 12:00am

Somali refugees flee Yemen fighting to return to war-torn home

Somali refugees in Yemen are now coming back to their war-torn home as fighting rages in the Middle East country, officials said Saturday. A boat carrying 260 Somali refugees, many of them women, children and elderly, has become the latest to dock at Soma
Published 12 Apr, 2015 12:00am

South Korean ferry victim families scuffle with police

Relatives of the victims of last year's ferry disaster scuffled with riot police at a protest in Seoul on Saturday, after the crowd attempted to march to the president's residence. Hundreds of protestors violently shoved against rows of riot police lined
Published 12 Apr, 2015 12:00am

35 dead as Syria forces repel IS attack on airport

Pro-government forces repelled an attack on a key Syrian military airport by Islamic State group affiliated militants, losing 20 fighters but killing almost as many jihadists, a monitor said Saturday.
Published 12 Apr, 2015 12:00am

'Stronger' Trott expects 50th Test cap

Jonathan Trott believes his battle against depression has made him stronger and the former bedrock of England's batting line-up is confident of winning his 50th test cap in Monday's first test against the West Indies in Antigua. The 33-year-old has not pl
Published 12 Apr, 2015 12:00am

Ronaldo fires Madrid to within a point of Barca

Cristiano Ronaldo took his tally for the season to 49 as Real Madrid cut the gap on La Liga leaders Barcelona to just a point with a comfortable 3-0 win over Eibar. Ronaldo opened the scoring with his first free-kick goal for nearly a year before Javier H
Published 12 Apr, 2015 12:00am

Married Murray missing at Monte Carlo

While Andy Murray celebrates his weekend marriage, the rest of the ATP elite are girding for battle on the clay, with Novak Djokovic, Roger Federer and Rafael Nadal leading the field as the Monte Carlo Masters begins on Sunday. Murray, who moved back to t
Published 12 Apr, 2015 12:00am

Oxford women win historic boat race

Oxford's women left their Cambridge counterparts trailing in their wake in the first women's varsity boat race to be held on the same day and same course as the men's event on Saturday. Taking control from the start at Putney on the sunlit River Thames, O
Published 12 Apr, 2015 12:00am

FIFA warns Indonesia over meddling in football

Soccer's world governing body FIFA has written to the Indonesian government, asking the Minister of Youth and Sports to stop meddling in the running of the local football league. A FIFA spokesperson told Reuters that if the Indonesian government did not c
Published 12 Apr, 2015 12:00am

Ramsey sets Arsenal on Chelsea's tails

Aaron Ramsey scored the only goal of the game as Arsenal gave Premier League leaders Chelsea food for thought with a scrappy 1-0 win at second-bottom Burnley on Saturday. The Welsh midfielder struck in the 12th minute at Turf Moor, slicing the ball into t
Published 12 Apr, 2015 12:00am

Hansen elected new European athletics president

Norway's Svein Arne Hansen was elected the new president of the European Athletics Association at the body's congress in Bled, Slovenia, on Saturday. Hansen, a former EAA vice-president, beat off a challenge from France's Jean Gracia and Antti Pihlakoski
Published 12 Apr, 2015 12:00am

Telenor Pakistan win PTCL cricket trophy

Pakistan Telecom Cricket League-2015 organised by Pakistan Telecommunication Company Limited (PTCL) concluded here at Shalimar Cricket ground, Islamabad on Saturday.
Published 12 Apr, 2015 12:00am

Chief of Naval Staff Squash opens

The opening ceremony of 11th Chief of the Naval Staff International Squash Championship was held at Roshan Khan Jahangir Khan Squash Complex, here, on Saturday. Commander Karachi Vice Admiral Syed Arifullah Husaini graced the occasion as chief guest and d
Published 12 Apr, 2015 12:00am

New captain Azhar Ali expresses optimism, confidence

Pakistan's cricket One-day team captain, Azhar Ali on Saturday said he has accepted the captaincy of the cricket team as a challenge, and will come up to the expectations of the nation. Talking to newsmen here on Saturday, Azhar Ali said he has full confi
Published 12 Apr, 2015 12:00am

African currencies week ahead: Zambia kwacha eyes mining royalty change, others stable

The Zambian kwacha could firm on news that the cabinet will propose changes to mining royalties in Africa's second-largest copper producer, while other African currencies are seen stable.
Published 12 Apr, 2015 12:00am

EBS forex volumes rise 22 percent in March

Foreign exchange spot volumes on the EBS platform rose back above $100 billion a day in March, up by 22 percent from February and by 30 percent from a year ago, helped by another handful of big swings in major currency rates. Trading on EBS, the main venu
Published 12 Apr, 2015 12:00am

Speculators reduce long US dollars

Speculators trimmed positive bets on the US dollar for a second straight week, according to data from the Commodity Futures Trading Commission and Thomson Reuters released on Friday. The value of the dollar's net long position slipped to $40.27 billion in
Published 12 Apr, 2015 12:00am

CEE currencies to retreat in next six months

Central European currencies are expected to mostly retreat in the next six months as the US Federal Reserve moves closer to lifting interest rates, a Reuters poll showed on Thursday. Some of the region's central banks are also likely to act to stop or rev
Published 12 Apr, 2015 12:00am

Canadian $ ekes out modest gains

The Canadian dollar eked out a modest gain against a rallying US dollar on Friday after domestic employment figures showed the economy unexpectedly created jobs in March and as crude prices edged higher. Economists had expected the employment level to rem
Published 12 Apr, 2015 12:00am

Interest rate differentials weigh down the euro

The euro slumped for a fifth straight session against the US dollar on Friday to a 3-1/2 week low as falling European interest rates drove investors into greenbacks and the yen. The euro traded around $1.06005, off 0.54 percent on the EBS trading platform
Published 12 Apr, 2015 12:00am

South Korea will continue FX smoothing

A South Korean finance ministry official told Reuters on Friday authorities will continue to implement foreign exchange smoothing operations, despite criticism of South Korea's currency policies in a US Treasury report to Congress.
Published 12 Apr, 2015 12:00am

South Africa's rand, government bonds weaker

South Africa's rand gave up its gains against the dollar on Friday, as the greenback strengthened with jobless claims data easing concern over the state of the US economy. At 1448 GMT the rand was trading 0.32 percent softer at 11.9885 to the dollar compa
Published 12 Apr, 2015 12:00am

Previous Day

Forex
World
Commodity

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

Gainers
Losers
Leaders

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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