News Archives for Print - 2015-05-11

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Print - 2015-05-11

The Weather

The weather report on Sunday (May 10, 2015) and the forecast for Monday (May 11, 2015).

Published 11 May, 2015 12:00am

Returns on Profit and Loss Sharing Investment Bank Accounts (JULY TO DECEMBER 2014)

Comparative table of returns being given banks on their Profit and Loss Sharing Investment Accounts and Term Deposits.

Published 11 May, 2015 12:00am

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (May 04 to 08, 2015).

Published 11 May, 2015 12:00am

Aaj TV - Monday's schedule

All timings are in PST (Pakistan Standard Time).

Published 11 May, 2015 12:00am

Chief minister expresses grief

Punjab Chief Minister Shahbaz Sharif has taken strict notice of drowning of two innocent brothers in a pond in Shahdra and sought a report from the administration. The Chief Minister expressed sympathies and condolences with the bereaved family. He direct

Published 11 May, 2015 12:00am

Fruits, vegetables market: unhygienic conditions irk customers

The environmental pollution especially garbage scattered at several places is putting health of buyers and sellers at risk at the Fruit and Vegetable market known as 'Sabzi Mandi'.

Published 11 May, 2015 12:00am

Marvi visits WFP office in Jhimpir

Benazir Income Support Programme (BISP) Chairperson and Minister of State Marvi Memon Sunday, on the directive of Prime Minister Muhammad Nawaz Sharif, visited the World Food Programme (WFP) health office in Hashim Palari village.

Published 11 May, 2015 12:00am

Firing on Afghan refugee camp claims two lives

Two persons were killed when some unknown people opened firing at an Afghan refugee camp in district Hangu on Sunday, sources in police said. They said that armed persons resorted to indiscriminate firing on Babrak Afghan refugee camp in Tehsil Doaba area

Published 11 May, 2015 12:00am

Non-payment of salaries, pension: SSIC employees continue protest

The protest of Sindh Small Industries Corporation (SSIC) has entered 7th day against the non-payments of employees' salaries and pensions. The sit-in has been held outside the Hyderabad Press Club since May 4 where a large number sitting and retired emplo

Published 11 May, 2015 12:00am

Depositors of former KASB Bank start transactions with BankIslami

State Bank of Pakistan is pleased to inform that the amalgamation of the defunct KASB Bank into BankIslami Pakistan Ltd has been implemented smoothly. As a result all the depositors which are over 1,50,000 in number and have Rs 57 billion in deposits are

Published 11 May, 2015 12:00am

Authenticating exemption certificates: FBR urged to withdraw power of terminal operators

All Pakistan Customs Agents Association (APCAA) has demanded the Federal Board of Revenue (FBR) to withdraw the power of authenticating exemption certificates from terminal operators in order to eliminate malpractices. Talking to Business Recorder, Arshad

Published 11 May, 2015 12:00am

'PBIT - a catalyst in harnessing Punjab's potential,' Chairman Punjab Board of Investment & Trade

Abdul Basit is the newly appointed Chairman of Punjab Board of Investment & Trade (PBIT).A graduate from Forman Christian College Lahore, he is also the Founder Chairman of the Big Bird Group of Companies which comprises of Big Bird Poultry Breeders (Pvt.

Published 11 May, 2015 12:00am

'PBIT - a catalyst in harnessing Punjab's potential,' Chairman Punjab Board of Investment & Trade

Published 11 May, 2015 12:00am

UK election

A big change in the UK general elections is clearly visible that has upset all the pre-poll forecast. Miliband like every politician did not talk differently and was extremely surprised by the election results, which is won by the Tories.

Published 11 May, 2015 12:00am

With Matisse and Van Gogh, Tehran gets a makeover

Drivers and millions of commuters used to spending hours in Tehran traffic jams have at least had something nicer to look at during journeys this week: famous works of art.

Published 11 May, 2015 12:00am

German archaeologists race to help Kurds protect cultural heritage

German archaeologists are to begin excavating three ancient settlements in the autonomous region of Kurdistan in northern Iraq.

Published 11 May, 2015 12:00am

NFC award: a challenge

The four provinces have appointed their representatives for negotiating the eighth NFC award however there are credible reports that indicate that the seventh NFC award would be extended for another year.

Published 11 May, 2015 12:00am

Women apartheid

It appears duplicity and politics were born twins in Pakistan. They happily coexist as an essential condition to obtain a vibrant democratic order in the country. But how do they do that, two happenings this past Thursday, one in Islamabad and the other i

Published 11 May, 2015 12:00am

Have an open mind

The budget framers need to pay attention to the recommendations made at an Institute of Policy Reforms seminar recently. What is more important is the message and not the messenger. If the incumbent Finance Minister , M. Ishaq Dar, does not see eye to eye

Published 11 May, 2015 12:00am

Investigators probe cause of fire at New York nuclear plant

Engineers on Sunday were probing the cause of a fire at a New York state nuclear power plant after an electrical transformer failed, forcing the shutdown of one of its two reactors, a spokesman said. There was no release of radioactivity and no threat to

Published 11 May, 2015 12:00am

Nato, EU urge 'restraint' as Macedonia clashes leave 22 dead

Nato and the EU called for a return to calm in Macedonia Sunday after clashes between police and an armed group left at least 22 people dead, raising concerns about alleged ethnic-Albanian unrest in the Balkan region. "I urge everyone to exercise restrain

Published 11 May, 2015 12:00am

German anti-euro party likely to enter fifth state assembly

Germany's eurosceptic AfD party looked likely to enter its fifth state assembly after elections Sunday in the northern city-state of Bremen, a bastion of the centre-left Social Democrats. Projections one hour after voting booths closed said the two-year-o

Published 11 May, 2015 12:00am

Erdogan rallies supporters in Germany

Turkey's President Recep Tayyip Erdogan on Sunday rallied thousands of supporters in Germany, weeks before his Islamic-rooted party will contest June parliamentary elections. "The ballot box is your weapon," Erdogan told the crowd of over 14,000, who wave

Published 11 May, 2015 12:00am

Cameron sends in top gun Osborne to push for EU reform

Prime Minister David Cameron plans to make finance minister George Osborne his lead negotiator as he speeds up his push for concessions from the EU before a planned referendum on Britain's membership of the bloc, the Sunday Times newspaper reported. Europ

Published 11 May, 2015 12:00am

Turkish Prime Minister crosses into Syria to visit historic Ottoman tomb

Turkish Prime Minister Ahmet Davutoglu crossed briefly into Syria on Sunday to visit the tomb of a revered Ottoman figure situated a few hundred metres from the border, in a move likely to anger the authorities in Damascus. The tomb of Suleyman Shah, gran

Published 11 May, 2015 12:00am

Former Turkish President Evren dies

Turkey's former army chief and president, Kenan Evren, who led a 1980 coup and came to symbolise the military's decades-long dominance over politics, has died at 97, the state-run Anadolu news agency said on Saturday. Evren, who had been receiving treatme

Published 11 May, 2015 12:00am

Etihad flight diverted to UAE airbase due to security reasons

An Etihad Airways airliner travelling from Egypt to the United Arab Emirates was diverted to an air base in Dubai on Sunday for "security reasons," the airline said, the second incident of its kind in one week.

Published 11 May, 2015 12:00am

Man, woman charged with murdering two Mississippi policemen

Police in Mississippi arrested a man and a woman and charged them with murder on Sunday after two police officers were shot dead a day earlier as they conducted a routine traffic stop in Hattiesburg, a state official said.

Published 11 May, 2015 12:00am

Poles vote for president, Komorowski tipped to win

Poles voted Sunday in presidential elections after a lacklustre campaign focused on national security and social issues, with incumbent Bronislaw Komorowski expected to win, but not without a struggle.

Published 11 May, 2015 12:00am

Queen Elizabeth marks WWII anniversary at London service

Britain's Queen Elizabeth II on Sunday attended a thanksgiving service at London's Westminster Abbey on the final day of commemorations marking the 70th anniversary of Victory in Europe Day (VE Day). She was accompanied by husband Prince Philip, son Princ

Published 11 May, 2015 12:00am

One dead, one hurt in new US plains tornadoes

One person was killed and another seriously hurt Saturday in a tornado that tore across Texas, US authorities said. The National Weather Service, which reported damaged homes in Eastland county, Texas, also issued tornado watches covering parts of Arkansa

Published 11 May, 2015 12:00am

Qadhafi's son Saadi appears in Libyan court on murder charges

Muammar Qadhafi's son Saadi who fled abroad during Libya's 2011 revolution and was extradited from Niger last year appeared in a Tripoli court on Sunday at the start of a trial on murder charges but the judge adjourned his case until July. Saadi, who had

Published 11 May, 2015 12:00am

KP Police arrest 369 suspects under NAP

Khyber Pakhtunkhwa police have rounded up 369 suspects and recovered huge cache of arms and ammunition in the ongoing search and strike operation conducted under national action plan in the province. During the operation conducted in different parts of th

Published 11 May, 2015 12:00am

Digital Youth Summit 2015 concludes

The three-day International Information Technology Conference titled "Digital Youth Summit 2015" concluded in Peshawar. IT experts, delegates, academia, students and representatives of International IT Companies attended the conference in large number. Th

Published 11 May, 2015 12:00am

Government Scheme's intending pilgrims: computerised Hajj balloting on Thursday

The computerised balloting for selecting 71,000 Government Scheme's intending pilgrims would be held here on May 14. An official of the ministry told APP that each successful aspirant would be intimated through a letter. About 270,000 applications have be

Published 11 May, 2015 12:00am

KP government prepares three-year Master Plan for ICT

The PTI-led Khyber Pakhtunkhwa government prepared three-year Master Plan for Information & Communication Technology (ICT) that will cover five components including government, citizens, businesses, academia and research.

Published 11 May, 2015 12:00am

Drivers deliver people, goods - and politics

Country has long been known for the garish decorations with which drivers lovingly adorn the rickshaws and ageing Bedford trucks that ply the country's dusty roads and highways. But political messages have also started claiming space on the vehicles - and

Published 11 May, 2015 12:00am

Tomato, onion prices soar on supply shortage

The price of tomato and onion in provincial capital of wholesale market has risen as most vegetable, along with other essential food basket during preceding week due to low supply and increasing demand of these food commodities in the province.

Published 11 May, 2015 12:00am

Eye donations: Ulema urged to educate people about noble cause

Religious scholars (Ulema) must play their role to educate the people about the noble cause of eye donation removing their misconceptions as it can give a new life to a human being. This was said by Senior, Eye Specialist, Dr Muhammad Anwar Khan, SI who i

Published 11 May, 2015 12:00am

JI asks government to play role in Afghan peace talks

Jamaat-i-Islami (JI) Chief, Siraj-ul-Haq has asked the government of Pakistan to play its full role in making negotiations between Afghan Taliban and Afghan President Dr Ashraf Ghani successful for peace in the region. The success of the negotiations will

Published 11 May, 2015 12:00am

Overweight diabetes patients outlive slimmer ones: study

Patients with type-2 diabetes who are overweight but not obese outlive diabetics of normal weight, scientists reported on May 04, in another example of the "obesity paradox." Although public health officials issue dire warnings about the consequences of o

Published 11 May, 2015 12:00am

Europe faces massive obesity problem: study

Nearly all Irish adults are likely to be overweight in 15 years' time, said a study on May 05 that warned of a European "obesity crisis of enormous proportions".

Published 11 May, 2015 12:00am

Global cancer drug spending hits $100 billion in 2014

World-wide spending on cancer medicines reached $100 billion in 2014, an increase of 10.3 percent from 2013 and up from $75 billion five years earlier, according to IMS Health's Global Oncology Trend Report released on May 05. The $100 billion, which repr

Published 11 May, 2015 12:00am

Measles dangers linger for years after infection

Measles can harm the immune system for up to three years, leaving survivors at a higher risk of catching other infectious and potentially deadly diseases, researchers said on May 07. It was previously known that measles could suppress the body's natural d

Published 11 May, 2015 12:00am

Scientists race to beat mosquito resistance in fight against malaria

Mosquitoes are rapidly developing resistance to insecticides used in bednets that millions of people rely on to protect them from malaria, experts said. Scientists are racing to develop new insecticides, warning that tens of thousands of people in Africa

Published 11 May, 2015 12:00am

Global greenhouse gas levels reach new record

In another ominous sign of human-caused climate change, US government scientists said on May 06 that global carbon dioxide concentrations have reached a new monthly record of 400 parts per million. Carbon dioxide is a potent greenhouse gas, and is a harmf

Published 11 May, 2015 12:00am

Astronomers find most distant galaxy ever measured

Astronomers have located the most distant galaxy ever measured in the universe, and it looks like a bright blue mass of stars some 13.1 billion light-years from Earth. The galaxy, called EGS-zs8-1, is "one of the brightest and most massive objects in the

Published 11 May, 2015 12:00am

Carbon plans deeply inadequate: study warns

Pledges made by countries to slash carbon emissions are deeply inadequate to take them down to safe levels by 2030 and put the brakes on global warming, a new analysis warned on May 04. Based on the stated undertakings of the world's major emitters, globa

Published 11 May, 2015 12:00am

iPhones gain in Europe, China; 'phablets' on the rise

The latest iPhones have helped Apple gain smartphone market share in Europe and China, with a large number of customers switching from Android devices, a market tracker said Wednesday. Kantar Worldpanel also said that in the United States, the market for

Published 11 May, 2015 12:00am

FreeSynce? G-Sync? Both work, synchronisation isn't always needed

A good synchronisation system in a gamer's computer will guarantee a seamless playing experience without herky-jerky movements and stuttering action. Players can choose between AMD's FreeSynch and Nvidia's G-Sync. But make sure the card is right for you b

Published 11 May, 2015 12:00am

Facebook not an information bubble: researchers

Social media networks like Facebook are not putting users in an ideological information bubble, despite fears to the contrary, a new research report said Thursday. The study published in the journal Science, based on an analysis of 10 million Facebook use

Published 11 May, 2015 12:00am

Germany's Daimler unveils 'world first' self-driving truck

German carmaker Daimler has unveiled what it calls the world's first self-driving truck authorised for use on public roads, presenting the ground-breaking vehicle in the US state of Nevada. The Freightliner Inspiration truck was launched on the iconic Hoo

Published 11 May, 2015 12:00am

Ephemeral emails: Start-up shows off self-destructing messages

A start-up company wants to make your emails vanish forever - but in a good way. The firm, Confidential CC, has created an application that lets people send self-destructing messages from whatever email accounts they fancy.

Published 11 May, 2015 12:00am

Google home campus dreams dashed by local officials

Google on Thursday was stinging from a decision by local officials to reject the bulk of a proposed plan for a grand expansion of its Silicon Valley home campus. A long debate at Mountain View city council ended early Wednesday with members approving just

Published 11 May, 2015 12:00am

Google web-browsing toolbar debuts in Cuba

A Google toolbar to streamline tasks - such as searching the Internet or bookmarking online pages with Web browsing programs - made its debut in Cuba on Wednesday. The US-based Internet colossus updated its Spanish-language blog to put out word that peopl

Published 11 May, 2015 12:00am

Barbecuing breakthrough: New cooker connects to touchscreen

Barbecuing has entered the digital age with a new, Austrian-made charcoal-fired cooker, but outdoor chefs will still need their nifty tongs, skewers and favourite aprons. The new device, the Activegrill made by Infotronik Touchscreen Systeme, lets the che

Published 11 May, 2015 12:00am

Cogi app allows users to only record what's important

Cogi, a new recording app, let's users record only what's important, not everything that happens in front of them. The system works by starting so-called sessions during a conversation, meeting or interview. The app listens passively the whole time, but o

Published 11 May, 2015 12:00am

Facebook introduces video calling in Messenger

Facebook users can now make video calls using the social network's instant messaging app Messenger. The company said that a video call can be quickly started from any conversation with just one tap. This overcomes the bugbear of smartphone users, when one

Published 11 May, 2015 12:00am

Mac users have their choice of good, free computer protection

It's true that most cybercriminals remain focused on Windows machines, but newer trojans like Flashback and Browlock show that ever more hackers are setting their sights on Macs, which used to be of little interest to criminals because they were so uncomm

Published 11 May, 2015 12:00am

Metro sees strong recovery at consumer electronics unit

German retailer Metro AG reported an acceleration in group sales growth in its fiscal second quarter, driven by a rebound in its consumer electronics business. Metro's sales rose 0.3 percent to 14.37 billion euros ($16 billion), slightly ahead of a consen

Published 11 May, 2015 12:00am

Credit Agricole posts 2.6 percent rise in first quarter net income

French bank Credit Agricole posted a 2.6 percent increase in first quarter net income boosted by firm investment banking activity and lower costs for covering its risks. The listed arm of the bank reported net income of 784 million euros ($878 million) fo

Published 11 May, 2015 12:00am

BMW first quarter profits beat as SUV sales take off

German carmaker BMW AG said its first-quarter operating profit rose by a forecast-beating 20.6 percent, lifted by strong demand for large offroaders in Europe and the United States and continued albeit slower growth in China. Earnings before interest and

Published 11 May, 2015 12:00am

Qatar Airways' plans to boost flights may rile US airlines

Qatar Airways on May 04 said it plans to expand its services to the United States, in a move that likely will trigger a backlash from US airlines that accuse it of competing unfairly through state subsidies. The Gulf carrier announced its first direct fli

Published 11 May, 2015 12:00am

Lufthansa narrows operating loss helped by cheaper fuel

Lufthansa joined European rivals in reporting improved first-quarter earnings helped by cheaper fuel, but said on May 05 further action was needed to lower costs, especially in light of a rising pension burden and staff-related expenses. Lufthansa is in a

Published 11 May, 2015 12:00am

Cisco names new chief executive

Cisco Systems said on May 04 that chief executive John Chambers, who built the company into a global networking power, will become executive chairman and be replaced as CEO by Chuck Robbins.

Published 11 May, 2015 12:00am

Hugo Boss aims to return to stronger growth soon

German fashion house Hugo Boss said it expected sales and profit growth to pick up during the rest of the year as it invests in its brand after reporting lower first-quarter net profit than expected. Hugo Boss reported net profit fell 7 percent to 75.6 mi

Published 11 May, 2015 12:00am

Hugo Boss aims to return to stronger growth soon

Published 11 May, 2015 12:00am

MasterCard doubles card numbers in Middle East, Africa

MasterCard Inc has doubled the number of its cards to about 100 million in the Middle East and Africa in the past three years, where it has begun setting up partnerships with governments to provide access to its payments system. That is still a small shar

Published 11 May, 2015 12:00am

BoA to limit credit exposure to coal firms

Bank of America announced on May 06 it will reduce its financial exposure to coal companies, acknowledging the risk that future regulation and competition from natural gas pose on the industry. The bank announced its new coal policy at its annual meeting,

Published 11 May, 2015 12:00am

BoA to limit credit exposure to coal firms

Published 11 May, 2015 12:00am

Adidas confirms full-year targets after 'good start' in first quarter

Adidas, the German maker of sportswear and equipment, said on May 05 it confirmed its full-year earnings targets after business got off to a "good start" in the first three months. "After getting off the starting block well this year, we are optimistic ab

Published 11 May, 2015 12:00am

Adidas confirms full-year targets after 'good start' in first quarter

Published 11 May, 2015 12:00am

Rosberg cruises to Spanish Grand Prix win

Nico Rosberg beat Mercedes team mate Lewis Hamilton for the first time this season and cut the Formula One world champion's lead to 20 points with a commanding victory in the Spanish Grand Prix on Sunday. Hamilton, who had won three of the first four gran

Published 11 May, 2015 12:00am

Coetzee takes Mauritius Open title

South Africa's George Coetzee got the better of Denmark's Thorbjorn Olesen in a playoff to win the inaugural Mauritius Open on Sunday, triumphing at the second extra hole. The 28-year-old, who was the highest-ranked player in the field, led by one shot at

Published 11 May, 2015 12:00am

Palestine to host Saudi Arabia on West Bank

Saudi Arabia will travel to the West Bank to face Palestine in a World Cup qualifier in June, the head of the Palestine FA told Reuters on Sunday. "I have just received a message from the Saudis saying that they are coming, it's a great show of support,"

Published 11 May, 2015 12:00am

Aguero treble sends QPR down, Liverpool's CL dream ends

Sergio Aguero scored a hat-trick as Manchester City sealed Queens Park Rangers' relegation from the Premier League with a 6-0 victory on Sunday. Meanwhile Liverpool's hopes of a Champions League place were all but ended despite Steven Gerrard's goal in a

Published 11 May, 2015 12:00am

Palestine FA will not drop request to suspend Israel

The Palestine FA (PFA) will not drop its proposal for a vote at the FIFA Congress to suspend Israel from international football although it will continue to pursue dialogue, its president Jibril Rajoub told Reuters on Sunday.

Published 11 May, 2015 12:00am

ECB should 'hang heads in shame' over Moores sacking: Stewart

The England and Wales Cricket Board (ECB) should "hang their heads in shame" over their sacking of coach Peter Moores, according to former captain Alec Stewart. Moores was dismissed on Saturday shortly after Andrew Strauss was appointed England's director

Published 11 May, 2015 12:00am

Lee roars back from doping ban with big win

Former world number one Lee Chong Wei made an emphatic return from a doping ban as he demolished South Korea's Lee Dong-Keun 21-12, 21-10 at the Sudirman Cup on Sunday. The Malaysian, returning after he received a backdated ban two weeks ago, overcame a s

Published 11 May, 2015 12:00am

Asafa Powell speeds to year's fastest 100 metres

Asafa Powell ran the fastest 100 metres in the world this year when he clocked a blazing 9.84 seconds at the Jamaica International Invitational in Kingston on Saturday. The time was the former world record holder's fastest in five years as the 32-year-old

Published 11 May, 2015 12:00am

Murray stuns Nadal to win Madrid Open title

Andy Murray claimed his first Masters series title on clay with a stunning display to beat home favourite Rafael Nadal 6-3, 6-2 at the Madrid Open on Sunday. Victory was also Murray's first ever on clay over Nadal in seven attempts and stretched the Scot'

Published 11 May, 2015 12:00am

Pele released from hospital after surgery

Brazilian football legend Pele was released from hospital Saturday following prostate surgery, doctors said, after his latest health scare. The Albert Einstein Hospital in Sao Paulo released a picture of a smiling Pele wearing sportswear and waving at the

Published 11 May, 2015 12:00am

Pakistan fined for slow over-rate

Pakistan's players were Sunday fined for a slow over-rate during their victorious second Test against Bangladesh in Dhaka. The visitors crushed Bangladesh by 328 runs on Saturday, with a day in hand, to take the two-Test series 1-0.

Published 11 May, 2015 12:00am

Pakistan proposes India Test series in December

Pakistan wants to host the first bilateral Test tour by India in eight years in the United Arab Emirates in December, the country's cricket chief Shaharyar Khan said on Sunday. The tour, comprising three Tests, five one-dayers and two Twenty20 games is pa

Published 11 May, 2015 12:00am

Oman Oil Company to restructure, privatise some units

State-owned energy investment firm Oman Oil Co (OOC) will announce a new structure later this year, chief executive Issam al-Zadjali told reporters on Sunday.

Published 11 May, 2015 12:00am

Swiss economy defies doomsayers, weathers franc shock

When the Swiss central bank abandoned its cap on the franc back in January, corporate Switzerland warned of an economic "tsunami" that would hit exports, hammer jobs and plunge the Alpine nation into a deep recession. Four months later, however, the count

Published 11 May, 2015 12:00am

German train drivers end long strike, though no pay deal yet

Germany's rail network began gradually returning to normal on Sunday after train drivers ended a near one-week-long strike, the longest in the history of state-owned rail operator Deutsche Bahn. However, aspects of the dispute over pay and negotiating rig

Published 11 May, 2015 12:00am

Egypt's annual core, urban inflation slow in April

Egypt's annual urban consumer inflation and core inflation both slowed in April, a reprieve from rising prices after two straight months of increasing inflation. Egypt's urban consumer inflation slowed to 11 percent in April from 11.5 percent in March, th

Published 11 May, 2015 12:00am

Greece, creditors 'very close' to a deal: minister

Greece and its international creditors were "very close" to a loan deal for the cash-strapped country, a Greek junior minister said Sunday, a day ahead of a key meeting in Brussels. "After weeks of painful negotiation, if the other side is willing, it wil

Published 11 May, 2015 12:00am

China cuts interest rates for third time in six months

China cut interest rates for the third time in six months on Sunday in a bid to lower companies' borrowing costs and stoke a sputtering economy that is headed for its worst year in a quarter of a century. Analysts welcomed the widely-expected move, but pr

Published 11 May, 2015 12:00am

Amid protests and plunder, Bulgaria aims to bring trains up to speed

The narrow-gauge train snaking its way through the valleys and gorges of south-western Bulgaria is a lifeline for surrounding villages, but could face the axe as the government tries to modernise a network mired in losses and debt.

Published 11 May, 2015 12:00am

Air Arabia first quarter net profit rises

Budget carrier Air Arabia , the United Arab Emirates' only listed airline, reported a 9 percent rise in first-quarter net profit on Sunday as it flew more passengers. The Sharjah-based carrier made a net profit of 78.1 million dirhams ($21.3 million) in t

Published 11 May, 2015 12:00am

China, Belarus agree $1 billion bank loans, potash memorandum

China signed on Sunday a five-year memorandum on Belarussian potash supplies and extended loans totalling $1 billion to Belarussian banks, part of a raft of deals resulting from the visit of President Xi Jinping to Minsk, Moscow and Almaty.

Published 11 May, 2015 12:00am

Britain may sell RBS shares at loss this year

Britain may begin selling part of the state's holding in Royal Bank of Scotland at a loss later this year, sources familiar with the matter told Reuters. The government wants to accelerate the disposal of its shares in RBS and Lloyds Banking Group, rescue

Published 11 May, 2015 12:00am

Apartment sales at Jeddah's Kingdom Tower to start this year

Residential apartments at Saudi Arabia's Kingdom Tower, which is slated to become the world's tallest building on completion in 2018, will likely go on sale later this year, the developer's chief executive told Reuters on Sunday.

Published 11 May, 2015 12:00am

Gulf states agree to push value-added tax project

Officials of the six-nation Gulf Co-operation Council agreed at the weekend to keep working towards the introduction of a value-added tax around the region, in a sign that low oil prices may be strengthening support for the idea. A meeting in Doha of the

Published 11 May, 2015 12:00am

Dollar to resume rally soon on Fed hike expectations

The US dollar will soon resume its rally, provided the economy recovers from a weak start to the year sufficiently to justify an interest rate hike from the Federal Reserve, a Reuters poll showed. The greenback has rallied some 20 percent since last summe

Published 11 May, 2015 12:00am

Advent brings IPO of perfume chain Douglas forward

Buyout group Advent is bringing forward the planned flotation of German perfume retail chain Douglas, anxious not to miss the right moment for such a deal, which hinges on the mood of equity markets. The group is expected to kick off the process for an in

Published 11 May, 2015 12:00am

Advent brings IPO of perfume chain Douglas forward

Published 11 May, 2015 12:00am

Sime Darby shelves $500 million motor business IPO

Malaysia's Sime Darby Bhd, the world's largest listed palm oil firm, has indefinitely postponed an initial public offering of its automotive business that bankers had said could raise up to $500 million. The company had in February deferred the IPO of Sim

Published 11 May, 2015 12:00am

Previous Day

Forex
World
Commodity

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

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

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

Gainers
Losers
Leaders

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

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

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

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