News Archives for Print - 2015-04-25

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Friday (April 24, 2015).

Published 25 Apr, 2015 12:00am

CoAS, Saudi Defence Minister discuss military cooperation

Saudi Defence Minister Prince Muhammad Bin Salman, who is also the chief of the royal court and special adviser to the Custodian of the Two Holy Mosques, met on Thursday with General Raheel Sharif, Chief of Staff, Pakistan Army. During the bilateral meeti

Published 25 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 Friday (April 24, 2015).

Published 25 Apr, 2015 12:00am

Islamabad, Riyadh agree to step up military cooperation

Prime Minister Nawaz Sharif while reiterating a strong response from Pakistan on any aggression against Saudi Arabia's territorial integrity agreed on further expanding existing defence, security and intelligence cooperation. A statement issued Friday fro

Published 25 Apr, 2015 12:00am

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Friday (April 24, 2015).

Published 25 Apr, 2015 12:00am

Islamabad, Riyadh agree to step up military cooperation

Prime Minister Nawaz Sharif while reiterating a strong response from Pakistan on any aggression against Saudi Arabia's territorial integrity agreed on further expanding existing defence, security and intelligence cooperation. A statement issued Friday fro

Published 25 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 25 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 25 Apr, 2015 12:00am

New York cotton

The fluctuations observed during the day:

Published 25 Apr, 2015 12:00am

New York cotton

The fluctuations observed during the day:

Published 25 Apr, 2015 12:00am

Aaj TV - Saturday's schedule

All timings are in PST (Pakistan Standard Time).

Published 25 Apr, 2015 12:00am

France bans super-skinny models

France will ban excessively thin fashion models and expose modelling agents and the fashion houses that hire them to possible fines and even jail, under a new law passed earlier this month. The move by France, with its fashion and luxury industries worth

Published 25 Apr, 2015 12:00am

BRIDGE NOTES: Vanished into thin air

Defence in Bridge is never easy when as a defender you face a situation where your play would make the difference between victory and defeat for the declarer. This requires imagination, foresight, concentration and of course a continuous table presence th

Published 25 Apr, 2015 12:00am

Paris holds film festival - for the blind

In most movie theatres the lights go dark and the feature begins, but for an audience attending a Paris film festival under way this month, the whole world is dark and stays that way. The Audiovision Film Festival, which began last week and runs to April

Published 25 Apr, 2015 12:00am

Ryan Gosling casts Detroit under dark fairytale in 'Lost River'

When filming his directorial debut "Lost River" in Detroit, a city struggling to survive bankruptcy after economic decline, actor Ryan Gosling said he wanted to "eliminate the political minutiae" by using fairytale archetypes.

Published 25 Apr, 2015 12:00am

Marvel 'Avengers' women muscle into spotlight in 'Ultron'

As the sole female Avenger, Scarlett Johansson had a bone to pick with Hollywood: not only were there few female superheroes, but they tended to be dumbed down. So when Marvel Studios brought in another formidable woman for summer action film "Avengers: A

Published 25 Apr, 2015 12:00am

Getting around without draining your phone battery

For the most part, GPS works great. It gives people the ability to get from point A to point B with a simple press of a button on a smartphone. That's until you hit a big city. Tall buildings and satellite signals don't like each other and in an era where

Published 25 Apr, 2015 12:00am

Humanoid robot can recognise and interact with people

A humanoid robot which can mimic human expressions greeted visitors on Saturday (April 18) at a Hong Kong electronics fair. The robot head, known as 'Han', can also hold simple interactive conversations with the crowd.

Published 25 Apr, 2015 12:00am

Mirror, mirror - Double your data protection with a mirrored drive

It's kind of hard to believe how casual people are with their electronic data, notes Josef Reitberger, editor of German computer magazine Chip. After all, if one stores data on one's laptop and nowhere else, and then that laptop dies, the files are gone f

Published 25 Apr, 2015 12:00am

Move over sci-fi: 'Climate fiction' finds way into classrooms

Students at a Massachusetts college have just read "The Windup Girl", the tale of a dystopian future Bangkok where climate change has pushed up temperatures and sea levels, and viruses acquired from genetically modified food are killing people.

Published 25 Apr, 2015 12:00am

Better skin and hair care through beauty oils

Whether for the skin or hair, beauty oils are slowly making a name for themselves. Their makers say beauty oils can improve complexion, soften brittle hair and contain a range of healthy and useful vitamins and nutrients. But how much of that is true?

Published 25 Apr, 2015 12:00am

Scientists create self-powering camera

Scientists at Columbia University in New York have successfully built a camera that is capable of producing images using power harvested from the surrounding incident light. The prototype self-powering camera takes an image each second, and in a well-lit

Published 25 Apr, 2015 12:00am

ART FACTS: Diversity, divergence and difference

Diversified, divergent and different but tied together by Studio RM a group exhibition of artists at Sanat Gallery, Karachi aimed at paying tribute to their teachers was a good initiative by the gallery and the studio. The exhibition was unique in its con

Published 25 Apr, 2015 12:00am

Facts about the Hubble space telescope

The world's first space-based optical telescope marks its 25th anniversary this week. Here are some facts about the Hubble Space Telescope. The telescope launched aboard the Space Shuttle Discovery in 1990 and is named after US astronomer Edwin Hubble (18

Published 25 Apr, 2015 12:00am

Hubble, the telescope that revolutionised our view of space

Hubble, the first telescope to revolutionise modern astronomy and change our view of the universe by offering glimpses of distant galaxies, marks its 25th year in space this week. "Hubble absolutely has changed the way humans look at the universe and our

Published 25 Apr, 2015 12:00am

The ordeal of Goris

A crime previously unknown in Karachi is kidnapping young girls for prostitution. The victims are housemaids taken from their place of work, either in the morning when they arrive or the evening when they would be going home. Kidnapping is the usual way f

Published 25 Apr, 2015 12:00am

Daily trading report of PMEX

On Thursday at Pakistan Mercantile Exchange (PMEX) value traded was PKR 2.293 billion. The number of lots traded was 13,232. PMEX Commodity Index closed at 2,612. Major business was contributed by crude oil amounting to PKR 1.568 billion followed by gold

Published 25 Apr, 2015 12:00am

US natural gas futures fall

US natural gas futures ended down 2.9 percent on Thursday following a government report showing a big storage build and on forecasts for warmer, near-normal weather over the next two weeks. Front-month gas futures on the New York Mercantile Exchange close

Published 25 Apr, 2015 12:00am

Canadian canola futures mixed

ICE Canadian canola futures closed narrowly mixed on Thursday, with contracts paring gains in the final minutes of trade on technical selling and strength in the Canadian dollar, traders said. Market traded higher for much of the session after Statistics

Published 25 Apr, 2015 12:00am

US FOB Gulf soya premiums mostly steady

Export premiums for soyabeans shipped from the US Gulf Coast held mostly steady on Thursday as concerns about potential disruptions to Brazilian shipments due to a trucker strike underpinned the market, traders said. FOB corn basis offers were mostly stea

Published 25 Apr, 2015 12:00am

CBOT wheat futures mixed

Wheat futures on the Chicago Board of Trade closed mixed on Thursday, with pressure from technical selling and inter-market spreading versus K.C. wheat offsetting support from better-than-expected weekly US export sales data. Softer dollar lends support,

Published 25 Apr, 2015 12:00am

Indian soyaoil, soyabean, rapeseed futures rise

Indian soyaoil, soyabean and rapeseed futures edged up on Thursday on concerns that untimely rains have hit crops and restricted supplies in local markets, bucking the trend overseas. Malaysian palm oil futures ended lower on the prospect of another month

Published 25 Apr, 2015 12:00am

Activity at Karachi & Qasim ports

The Karachi Port handled 163,386 tonnes of cargo comprising 129,787 tonnes of import cargo and 33,599 tonnes of export cargo including 8,571 loaded and empty containers during the last 24 hours ending at 0700 hours on Friday. The total import cargo of 129

Published 25 Apr, 2015 12:00am

Prices recover on surge in New York cotton futures

Prices recovered overnight losses on the cotton market on Friday following the fresh increase in the NY cotton futures, dealers said. The official spot rate gained Rs 50 to Rs 5300, dealers said. Approximately, 3,000 bales of cotton changed hands between

Published 25 Apr, 2015 12:00am

No change on grain market

According to the release of the Grain Merchant Group, no change was seen on the local grain market on Friday.

Published 25 Apr, 2015 12:00am

China's March sorghum imports hit record high

China's sorghum imports rose threefold to 922,200 tonnes in March from a year earlier, with almost all coming from the United States, according to customs data cited by an official think-tank on Thursday. Total imports in the first quarter of the year ros

Published 25 Apr, 2015 12:00am

Google reports higher profit

Google Inc reported higher quarterly revenue and profit as rising online ad volume offset a hit from the strong dollar, sending the Internet company's shares higher in after-hours trading. Shares of the world's No 1 Internet search engine rose after the r

Published 25 Apr, 2015 12:00am

Google reports higher profit

Google Inc reported higher quarterly revenue and profit as rising online ad volume offset a hit from the strong dollar, sending the Internet company's shares higher in after-hours trading. Shares of the world's No 1 Internet search engine rose after the r

Published 25 Apr, 2015 12:00am

American Airlines profit rises

American Airlines Group Inc on Friday reported first-quarter profit above analysts' expectations and declared a $0.10 dividend as cheap fuel continued to help its bottom line. American, the world's largest passenger carrier, earned $932 million last quart

Published 25 Apr, 2015 12:00am

American Airlines profit rises

American Airlines Group Inc on Friday reported first-quarter profit above analysts' expectations and declared a $0.10 dividend as cheap fuel continued to help its bottom line. American, the world's largest passenger carrier, earned $932 million last quart

Published 25 Apr, 2015 12:00am

Microsoft profit, revenue beats Wall Street view

Microsoft Corp on Thursday reported revenue and profit above Wall Street expectations, as sales of its hardware and cloud-computing services helped to offset a decline in the company's core Windows business. Shares rose 3.1 percent to $44.70 in after-hour

Published 25 Apr, 2015 12:00am

Microsoft profit, revenue beats Wall Street view

Microsoft Corp on Thursday reported revenue and profit above Wall Street expectations, as sales of its hardware and cloud-computing services helped to offset a decline in the company's core Windows business. Shares rose 3.1 percent to $44.70 in after-hour

Published 25 Apr, 2015 12:00am

Greece carries out first privatisation

Greece's radical left government on Friday carried out its first privatisation since coming to power by selling a 20-year horseracing gambling licence to a subsidiary of Czech-Greek company Opap for 40.5 million euros ($44 million). "We have carried out a

Published 25 Apr, 2015 12:00am

Europe pushes Greece in bogged down debt talks

European ministers heaped pressure on Greece Friday to speed up negotiations to unblock critically needed bailout funds and avert a dangerous default, showing frustration after months of bogged down talks. The eurozone's 19 finance ministers ended a meeti

Published 25 Apr, 2015 12:00am

Europe pushes Greece in bogged down debt talks

European ministers heaped pressure on Greece Friday to speed up negotiations to unblock critically needed bailout funds and avert a dangerous default, showing frustration after months of bogged down talks. The eurozone's 19 finance ministers ended a meeti

Published 25 Apr, 2015 12:00am

Brazil bank lending rises

Growth in outstanding loans in Brazil's banking system rose 1.2 percent in March from the previous month, the central bank said in a report on Friday. The 90-day default ratio, the most widely followed gauge of loan delinquencies, came to 4.4 percent last

Published 25 Apr, 2015 12:00am

Conflict-hit Mali's economy returns to strong growth: IMF

Mali's economy posted growth of 7.2 percent in 2014, the International Monetary Fund said Friday, in an encouraging sign of recovery from the chaos of a coup and Islamist takeover. Christian Josz, the IMF's mission chief in Mali, told reporters in the cap

Published 25 Apr, 2015 12:00am

China says employment resilient despite slower economic growth

China said on Friday that urban employment held up in the first quarter even as economic growth slowed to a 6-year low, but the labour ministry warned that authorities cannot be "blindly optimistic" as the pace of job creation is slowing. The urban unempl

Published 25 Apr, 2015 12:00am

Apple Watch begins global launch - quietly

The Apple Watch debuted in selected global markets Friday with sales limited to clients who had pre-ordered online, making the launch a relatively low-key affair compared to tech titan's usual fanfare. Previous roll-outs of the firm's products such as the

Published 25 Apr, 2015 12:00am

GDF Suez changes name to Engie

French electricity and gas company GDF Suez announced Friday it was changing its name to Engie as a reflection of the rapid changes in the energy industry towards renewables. "The energy transition is more than ever a reality for which we have both great

Published 25 Apr, 2015 12:00am

Weak US business spending data hints at sluggish growth rebound

US business investment spending plans fell for a seventh straight month in March, weighed down by a strong dollar and lower energy prices, suggesting the economy was struggling to rebound from a recent soft patch. The report from the Commerce Department o

Published 25 Apr, 2015 12:00am

French output slows in April as economy nears stagnation

Growth in business activity in France's private sector slowed in April amid signs that the eurozone's second-biggest economy was on the verge of stalling, a key survey showed Thursday. The Purchasing Managers Output Index by London-based Markit Economics

Published 25 Apr, 2015 12:00am

Infosys bets on new services to push sales to $20 billion by 2020

Infosys Ltd, India's second-largest software services exporter, on Friday posted quarterly net profit that lagged most analyst expectations, dampening hopes of a quick turnaround after top management changes. Bengaluru-based Infosys, once seen as the bell

Published 25 Apr, 2015 12:00am

Indian shares at 3-1/2 month low; Infosys slumps

Indian shares fell more than 1 percent on Friday to their lowest close in nearly three-and-a-half months, dragged down by a 6 percent slump in Infosys after the software services exporter's January-March earnings fell short of expectations. The benchmark

Published 25 Apr, 2015 12:00am

Tokyo stocks down

Tokyo stocks fell 0.83 percent Friday, ending a three-day winning streak that pushed the benchmark index to a 15-year high, despite a fresh record close for the Nasdaq on Wall Street. The Nikkei 225 at the Tokyo Stock Exchange lost 167.61 points to end at

Published 25 Apr, 2015 12:00am

Friday's early afternoon trade: Nasdaq hits 15-year high

The Nasdaq Composite extended its gains in early afternoon trading on Friday, hitting a 15-year intraday high, propelled by strong results from tech behemoths Google, Amazon and Microsoft. The S&P 500 also hit a record intraday high for the second session

Published 25 Apr, 2015 12:00am

Nasdaq sets closing record

The Nasdaq Composite, the US market index most closely associated with technology stocks, closed at an all-time high on Thursday, surpassing a 2000 record set just before the dotcom crash. Its new record close of 5,056.06 capped a slow, unsteady climb sin

Published 25 Apr, 2015 12:00am

Sri Lankan shares rise

Sri Lankan shares rose to over six-week high on Friday, despite foreign outflow from risky assets, as investors picked up shares of finance companies on expectations of better earnings, with positive sentiment continuing due to lower interest rates. The m

Published 25 Apr, 2015 12:00am

US bond prices rise

US Treasuries prices rose on Friday as data showing weakness in US business investment in March supported the view that it is unlikely the Federal Reserve will signal next week it is cloose to raising interest rates. The absence of a breakthrough in debt

Published 25 Apr, 2015 12:00am

US bond prices rise

US Treasuries prices rose on Friday as data showing weakness in US business investment in March supported the view that it is unlikely the Federal Reserve will signal next week it is cloose to raising interest rates. The absence of a breakthrough in debt

Published 25 Apr, 2015 12:00am

Taiwan stocks end at 15-year high

Taiwan stocks ended at their highest close in 15 years boosted by record gains in the Nasdaq overnight. The main TAIEX index ended up 1.18 percent to 9,913.28, its highest close since Apr. 12, 2000, when it settled at 9,911.39. The rally extended the 1.9

Published 25 Apr, 2015 12:00am

Hong Kong's Hang Seng ends higher on fund inflow hopes

Hong Kong's main share index ended firmer on Friday, bolstered by hopes of more capital inflows from mainland investors. The Hang Seng index rose 0.8 percent, to 28,060.98, bringing this week's gain to 1.5 percent. The China Enterprises Index reversed ear

Published 25 Apr, 2015 12:00am

China stocks down on IPO concerns

China stocks fell on Friday, weighed down by financial heavyweights, after the securities regulator said it would accelerate approval of initial public offerings in an apparent effort to cool the red-hot market. But the main indexes, which dropped over 2

Published 25 Apr, 2015 12:00am

European shares rise on strong earnings

European shares rose on Friday, boosted by encouraging corporate earnings and upbeat economic data, while prospects for a deal over Greece's debt crisis also lifted Athens' volatile market. The pan-European FTSEurofirst 300 index closed up 0.4 percent at

Published 25 Apr, 2015 12:00am

Australian shares rise

Australian shares jumped 1.5 percent on Friday to post their best performance in five weeks on a broad-based rally with miners and energy stocks benefiting from gains in crude oil and iron ore prices. The S&P/ASX 200 index rose 88.5 points to 5,933.3 at t

Published 25 Apr, 2015 12:00am

Most Southeast Asian stocks rise

Most Southeast Asian stock markets rose on Friday as firmer global oil prices lifted energy-related shares, helping Malaysia end a two-day losing streak and the Philippines close at a more than one-week high. Malaysia's key stock index finished the day up

Published 25 Apr, 2015 12:00am

Miners and banks push FTSE towards record highs

Britain's top share index edged close to a record peak on Friday, with heavyweight HSBC gaining after saying it was considering moving its headquarters and miners tracking a strong rally in industrial metals prices. The UK mining index rose 1.6 percent, t

Published 25 Apr, 2015 12:00am

China's yuan unchanged

China's yuan was flat against the dollar on Friday as a wave of dollar demand by big state-owned Chinese banks and oil companies helped to offset a three-month high midpoint, traders said. The People's Bank of China (PBOC) set the midpoint rate at 6.1241

Published 25 Apr, 2015 12:00am

Dollar nurses losses in Asia

The dollar nursed losses on Friday after taking a hit from underwhelming US economic data, while the euro found support from signs that cash-strapped Greece was making tentative progress toward securing fresh funding. The euro eased 0.1 percent to $1.0810

Published 25 Apr, 2015 12:00am

Euro dips in Europe

The euro retreated from a two-week high against the dollar on Friday as lingering hopes that cash-strapped Greece was making progress toward securing fresh funding were dashed. Jeroen Dijsselbloem, the chairman of the euro zone finance ministers, said Gre

Published 25 Apr, 2015 12:00am

Early trade in New York: Dollar slips after weak business spending figures

Data showing a seventh straight monthly decline in US business spending plans knocked the dollar lower on Friday and gave Federal Reserve policymakers even less reason to raise near-zero interest rates any time soon. The euro backed away from a two-week h

Published 25 Apr, 2015 12:00am

Dollar falls, euro rises in New York

The dollar was knocked lower on Thursday by a decline in US new-home sales fanning worries about US economic growth, while the euro rose more than 1 percent on waning fears of a Greek default. New home sales declined 11.4 percent in March to a seasonally

Published 25 Apr, 2015 12:00am

Sri Lankan rupee forwards slip

Sri Lankan rupee forwards ended a tad weaker on Friday as late importer dollar demand outpaced early inflows of the greenback, while pressure on the local currency is seen persisting through the middle of this year on lower interest rates, dealers said. A

Published 25 Apr, 2015 12:00am

Most emerging Asian currencies up

Most emerging Asian currencies rose on Friday and posted weekly gains as a spate of disappointing US data raised hopes that the Federal Reserve may further delay an expected interest rate hike. The Indian rupee, however, hit a 3-1/2 month low on capital o

Published 25 Apr, 2015 12:00am

Rand soars

South Africa's rand was a touch firmer against the dollar on Friday, propped up, as it has been for most of the week, by soft US economic data that makes a June rate hike by the Federal Reserve less likely. At 1517 GMT the local unit traded at 12.1325 ver

Published 25 Apr, 2015 12:00am

Sterling rises to five-week high against dollar

Sterling rose to a five-week high against the dollar on Friday, joining a global push against the greenback and putting in doubt the running assumption that uncertainty ahead of the UK general election is a mounting risk for the pound. Hedge funds were sa

Published 25 Apr, 2015 12:00am

New Zealand dollar retreats, Aussie up

The Australian dollar entered a lull on Friday after repeatedly failing to break resistance above 78 cents, while the New Zealand dollar nursed heavy losses following dovish-sounding comments from a top central banker. The Australian dollar was firm at $0

Published 25 Apr, 2015 12:00am

Wind wreaks havoc at Indonesian Masters

Gusty conditions saw just four players break par at the CIMB Niaga Indonesian Masters on Friday, with Denmark's Thomas Bjorn losing his joint lead to Singapore-based Australian Unho Park. Park is chasing his first Asia Tour victory after shooting a one-ov

Published 25 Apr, 2015 12:00am

Woods commits to The Players Championship

Tiger Woods will tee off at the Players Championship next month, the 14-time major champion confirmed on Friday. The former world number one, who came back from a two-month layoff to finish equal 17th at the Masters, hasn't played the US PGA Tour's flagsh

Published 25 Apr, 2015 12:00am

Pakistan hope Zimbabwe is first step out of wilderness

Deserted grounds, deprived fans and falling standards - Pakistan has suffered badly from six years without hosting international cricket, but Zimbabwe's planned tour next month could restore hope. On March 3, 2009, Pakistani cricket suffered a cruel blow

Published 25 Apr, 2015 12:00am

Nishikori makes Barca semis

Reigning champion Kei Nishikori moved into the semi-finals of the Barcelona Open with 6-2, 3-6, 6-1 win over Spaniard Roberto Bautista Agut on Friday. The Japanese is the heavy favourite to retain his title after Rafael Nadal's shock defeat to Fabio Fogni

Published 25 Apr, 2015 12:00am

Somalia plea for return of national stadium

Every country likes to think of their national stadium as a fortress but for the Somali Football Federation (SFF) that is literally the case. The Somalia National Stadium in Mogadishu has been used as a military barracks for much of the last two decades a

Published 25 Apr, 2015 12:00am

Wozniacki, Halep book Stuttgart semi berths

Romania's Simona Halep will face Caroline Wozniacki in the semi-finals at the WTA tournament in Stuttgart after her straight-sets win over Italy's Sara Errani on Friday. The 23-year-old Halep, ranked third in the world, needed just under an hour-and-a-hal

Published 25 Apr, 2015 12:00am

Barcelona eye Bayern revenge, Real face Juve

Barcelona will have the chance to avenge their 2013 humbling by Bayern Munich after being paired with the Germans again in the Champions League semi-final draw on Friday which also pitted holders Real Madrid against Juventus. Bayern thrashed Barcelona 7-0

Published 25 Apr, 2015 12:00am

Italian clubs kept apart in Europa League semis

The draw for the semi-finals of the Europa League on Friday kept alive the possibility of an all-Italian final as Serie A sides Napoli and Fiorentina avoided each other. Rafa Benitez's Napoli will take on Dnipro of Ukraine while Fiorentina will face holde

Published 25 Apr, 2015 12:00am

Root stars as West Indies suffer early wobble

James Anderson struck early for England to have the West Indies at 22 for one at lunch in their second innings after the tourists built a first innings lead of 165 on the fourth day of the second Test on Friday. Anderson's dismissal of local player Devon

Published 25 Apr, 2015 12:00am

Bangladesh record T20 victory

Pakistan's miserable tour of Bangladesh continued as the hosts recorded their first-ever Twenty20 win over the rivals with a seven-wicket romp in Dhaka on Friday. Debutant seamer Mustafizur Rahman took two for 20 in four overs as Pakistan, electing to bat

Published 25 Apr, 2015 12:00am

Implementation of Vision 2025: Prime Minister to meet businesspeople of Faisalabad

Prime Minister Nawaz Sharif will visit Faisalabad or invite business community of Faisalabad to Islamabad to personally hear and redress their genuine reservations and practical bottlenecks hampering the implementation on Vision 2025, said Professor Ahsan

Published 25 Apr, 2015 12:00am

Motorway Police directed to adopt all tech measures

Motorway Police should adopt all technical measures to control the accidents. Motorway Police give priority to safety and security to the commuters during journey on road. He said that Motorway Police is a corruption-free and pride national institution of

Published 25 Apr, 2015 12:00am

Zardari condoles Saeed Awan's death

Pakistan Peoples' Party Co-Chairman Asif Ali Zardari has grieved the death of Malik Ahmed Saeed Awan who died in Faisalabad on Thursday. He was buried in his ancestral graveyard in Bhakkar. Ahmed Saeed Awan had been with the party since the time of late f

Published 25 Apr, 2015 12:00am

Correction

The interview of Syed Majeedullah Husaini, CEO of Askari Bank Ltd, published in Banking Review 2014, April 20, 2015, erroneously carried a few factual inaccuracies. Quoting Husaini the interview said that bad loans in Pakistan's banking system currently s

Published 25 Apr, 2015 12:00am

Proposed sale: Sponsors of KASB withdraw petition

Sponsors of KASB Bank Limited (KASB) have unconditionally withdrawn writ petition filed against the proposed sale of the Bank in Islamabad High Court. However, the bank said that they are unaware of any change in the company's management. From the last fe

Published 25 Apr, 2015 12:00am

Policyholders' protection: SECP unveils new rules for unit-linked business

The Securities and Exchange Commission of Pakistan (SECP) has introduced comprehensive regulations for unit-linked business to ensure the protection of policyholders' interest as well as strengthening insurers' internal controls over investment policy and

Published 25 Apr, 2015 12:00am

Dawood Public School organises special book fair

On the occasion of World Book Day, Dawood Public School organized a special book fair to promote culture of book reading among students. On the occasion Huma Thaver, Principal A Levels Dawood Public School said that the culture of book reading is being in

Published 25 Apr, 2015 12:00am

PICIC acquisition: JS Investments drops intended transaction

The JS Investments Limited has decided not to acquire the PICIC Asset Management Company Limited, the company said Friday. "JS Investments Limited has dropped the intended transaction of potential acquisition of PICIC Asset Management Company Limited," sa

Published 25 Apr, 2015 12:00am

PICIC acquisition: JS Investments drops intended transaction

The JS Investments Limited has decided not to acquire the PICIC Asset Management Company Limited, the company said Friday. "JS Investments Limited has dropped the intended transaction of potential acquisition of PICIC Asset Management Company Limited," sa

Published 25 Apr, 2015 12:00am

Margalla Hills tunnel project: SC seeks report from NHA

The Supreme Court on Friday sought report from National Highway Authority (NHA) pertaining to Margalla Hills tunnel project and issued notices to Punjab and Khyber-Pakhtunkhwa governments in the stone crushing matter. A three-judge bench headed by Justice

Published 25 Apr, 2015 12:00am

NA-246 by-election: ECP declares MQM's Kanwar Naveed as winner

The Election Commission of Pakistan (ECP) on Friday announced the official results of by-elections on NA-246 constituency, declaring Muttahida Qaumi Movement (MQM) candidate as victorious. According to the official results, the MQM's Kanwar Naveed bagged

Published 25 Apr, 2015 12:00am

KEL's BoD approves incorporation of subsidiary firm

The Board of Directors of K-Electric Limited (KEL) has approved incorporation of a private limited firm in Pakistan under the Companies Ordinance 1984. The proposed company is envisaged to be a fully owned subsidiary of KEL, said a company notice made pub

Published 25 Apr, 2015 12:00am

MQM dismisses talk of troubles

The Muttahida Qaumi Movement that has long dominated politics in the commercial hub of Karachi won a seat in a closely watched by-election, poll officials said on Friday, and dismissed talk its fortunes are flagging. The Muttahida Qaumi Movement (MQM) won

Published 25 Apr, 2015 12:00am

Currency	Rate
USD PKR Interbank Selling / Sep 18	278.10
USD PKR Interbank Buying / Sep 18	277.90
USD to Japanese Yen / Sep 18	141.35
USD to Swiss Franc / Sep 18	0.85
Pound Sterling to USD / Sep 18	1.32
Euro to USD / Sep 18	1.11

Stock	Volume
S&P 500 / Sep 16	5,633.09
Nasdaq / Sep 16	17,592.13
Dow Jones / Sep 16	41,622.08
India Sensex / Sep 18	83,243.51
Tokyo Nikkei / Sep 18	36,194.62
Hang Seng / Sep 18	17,660.02
FTSE 100 / Sep 18	8,272.52
Germany DAX 30 / Sep 18	18,716.28

Item	Value
Karachi Cotton PKR/37.32 KG / Sep 16	18,935
Petrol/Litre / Sep 18	249.10
Crude Oil USD/Barrel / Sep 18	70.77
Gold 10 Grams PKR / Sep 18	229,510
Gold Spot USD/Ounce / Sep 18	2,566.05
Diesel/Litre / Sep 18	249.69

Stock	Price
786 Invest Ltd / Sep 18 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Sep 18 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Sep 18 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Sep 18 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Sep 18 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Sep 18 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Sep 18 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Sep 18 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Sep 18 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Sep 18 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Sep 18 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Sep 18 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Sep 18 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Sep 18 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Sep 18 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Sep 18 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Sep 18 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Sep 18 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Sep 18 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Sep 18 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Sep 18 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Sep 18 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Sep 18 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Sep 18 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Sep 18 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Sep 18 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Sep 18 Telecard Limited(TELE)	12,358,668 ▲ 0.00

Most Popular