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Print - 2015-06-06
LSE index loses 22.26 points

LSE index loses 22.26 points

Mixed sentiments prevailed on the Lahore Stock Exchange on Friday and the equities stayed in green zone amid marginally decreased trading turnover. The LSE-25 index lost 22.26 points and ended at 5790.49 against 5812.75 of Thursday while transaction volum
Published 06 Jun, 2015 12:00am
LSE index loses 22.26 points

LSE index loses 22.26 points

Mixed sentiments prevailed on the Lahore Stock Exchange on Friday and the equities stayed in green zone amid marginally decreased trading turnover. The LSE-25 index lost 22.26 points and ended at 5790.49 against 5812.75 of Thursday while transaction volum
Published 06 Jun, 2015 12:00am
Stocks end weaker

Stocks end weaker

Stocks ended weaker as the risk-averse investors remained cautious Friday after Finance Minster Ishaq Dar unveiled over Rs 4 trillion budget for financial year 2015-16. As a market observer put it, the pre-budget uncertainty trimmed the KSE-100 index by 7
Published 06 Jun, 2015 12:00am
Subsidies slashed by over 32 percent

Subsidies slashed by over 32 percent

Federal government has slashed subsidies by over 32 per cent to Rs 137.603 billion for 2015 -16 from Rs 203.248 billion allocated in 2014-15 in accordance with an understanding between the Finance Minister and International Monetary Fund(IMF). According t
Published 06 Jun, 2015 12:00am
Currency notes: exchange rates
Currency

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Friday (June 05, 2015).

Published 06 Jun, 2015 12:00am
Subsidies slashed by over 32 percent

Subsidies slashed by over 32 percent

Federal government has slashed subsidies by over 32 per cent to Rs 137.603 billion for 2015 -16 from Rs 203.248 billion allocated in 2014-15 in accordance with an understanding between the Finance Minister and International Monetary Fund(IMF). According t
Published 06 Jun, 2015 12:00am
Subsidies slashed by over 32 percent

Subsidies slashed by over 32 percent

Federal government has slashed subsidies by over 32 per cent to Rs 137.603 billion for 2015 -16 from Rs 203.248 billion allocated in 2014-15 in accordance with an understanding between the Finance Minister and International Monetary Fund(IMF). According t
Published 06 Jun, 2015 12:00am
Subsidies slashed by over 32 percent

Subsidies slashed by over 32 percent

Federal government has slashed subsidies by over 32 per cent to Rs 137.603 billion for 2015 -16 from Rs 203.248 billion allocated in 2014-15 in accordance with an understanding between the Finance Minister and International Monetary Fund(IMF). According t
Published 06 Jun, 2015 12:00am
Subsidies slashed by over 32 percent

Subsidies slashed by over 32 percent

Federal government has slashed subsidies by over 32 per cent to Rs 137.603 billion for 2015 -16 from Rs 203.248 billion allocated in 2014-15 in accordance with an understanding between the Finance Minister and International Monetary Fund(IMF). According t
Published 06 Jun, 2015 12:00am
Rs 3.1 trillion revenue target set

Rs 3.1 trillion revenue target set

The government has set a Rs 3103.7 billion revenue collection target for 2015-16 against the downward revised target of Rs 2605 billion in 2014-15, reflecting a growth of over 16 percent. According to the break-up of tax projections for 2015-16, direct ta
Published 06 Jun, 2015 12:00am
Stocks end weaker

Stocks end weaker

Stocks ended weaker as the risk-averse investors remained cautious Friday after Finance Minster Ishaq Dar unveiled over Rs 4 trillion budget for financial year 2015-16. As a market observer put it, the pre-budget uncertainty trimmed the KSE-100 index by 7
Published 06 Jun, 2015 12:00am
Money Market Report
Kerb

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Friday (June 05, 2015).
Published 06 Jun, 2015 12:00am
Stocks end weaker

Stocks end weaker

Stocks ended weaker as the risk-averse investors remained cautious Friday after Finance Minster Ishaq Dar unveiled over Rs 4 trillion budget for financial year 2015-16. As a market observer put it, the pre-budget uncertainty trimmed the KSE-100 index by 7
Published 06 Jun, 2015 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Friday (June 05, 2015).

Published 06 Jun, 2015 12:00am
BRIndex30 sheds 0.52 points

BRIndex30 sheds 0.52 points

On Friday, BRIndex30 opened at 20,102.65 points. It touched an intraday high of 20,149.58 and an intraday low of 20,049.08 points and closed at 20,102.13 points which was -0.52 points or zero percent lower than previous close. Total volume was 175,999,700
Published 06 Jun, 2015 12:00am
BRIndex30 sheds 0.52 points

BRIndex30 sheds 0.52 points

On Friday, BRIndex30 opened at 20,102.65 points. It touched an intraday high of 20,149.58 and an intraday low of 20,049.08 points and closed at 20,102.13 points which was -0.52 points or zero percent lower than previous close. Total volume was 175,999,700
Published 06 Jun, 2015 12:00am
Saudi Arabia's non-oil business growth slows to 12-month low in May

Saudi Arabia's non-oil business growth slows to 12-month low in May

Growth in Saudi Arabia's non-oil private sector slowed to a 12-month low in May as expansion of both output and new orders slackened, a survey of businesses showed on Wednesday. The data may indicate that the impact of low oil prices, which have caused so
Published 06 Jun, 2015 12:00am
Pakistan Navy celebrates World Environment Day

Pakistan Navy celebrates World Environment Day

With an aim to highlight the significance of the environment and enhance awareness among Pakistan Navy personnel on environmental issues and their effects on human health, Pakistan Navy celebrated World Environment Day with fervour and great enthusiasm, s
Published 06 Jun, 2015 12:00am
REAP team visits PARC

REAP team visits PARC

A delegation of Rice Exporters Association of Pakistan (REAP) led by Rafique Suleman, Chairman REAP visited Pakistan Agricultural Research Council (PARC), Islamabad and had meetings with Senior Officials of PARC, Dr Shahid Masood, Member PSD, PARC, Mian A
Published 06 Jun, 2015 12:00am
Operation Burq: KE removes almost 6,600 illegal connections

Operation Burq: KE removes almost 6,600 illegal connections

Under Karachi Electric Operation Burq, the Law enforcing Agencies along with KE's team raided different residential and commercial spots against heavy defaulters and Electricity thieves. According to KE's statement, currently 18 raids were conducted and a
Published 06 Jun, 2015 12:00am
World Environment Day observed

World Environment Day observed

The World Environment Day 2015 was observed here on Friday where alike other parts of country, different organizations organized seminars and discussions on the Environment issues and its solution. The discussion on "Seven Billion Dreams - One Planet - Co
Published 06 Jun, 2015 12:00am
Disarray makes Muslims backward: Turkish scientist

Disarray makes Muslims backward: Turkish scientist

Turkish Professor & Scientist Dr Mehmet Dogan has said that the secret of success of the modern world in science & technology is due to being organized & united while the failure of Muslim world is only being disarray and hysteria. He said that Islam spre
Published 06 Jun, 2015 12:00am
Karachi to have desalination plant soon: Sharjeel

Karachi to have desalination plant soon: Sharjeel

Sindh local government minister Sharjeel Inam Memon said here on Friday that efforts were being made to overcome the city's persisting water shortage by improving water distribution system as well as by installing a rental desalination plant in the metrop
Published 06 Jun, 2015 12:00am
CoAS arrives in Sri Lanka to seek ways to broaden ties

CoAS arrives in Sri Lanka to seek ways to broaden ties

On a long overdue visit, Pakistan's Chief of Army Staff (CoAS) General Raheel Sharif has arrived in Sri Lanka on the invitation of his Sri Lankan counterpart Lieutenant General A W J C De Silva. A four-day visit will be General Sharif's first visit to Sri
Published 06 Jun, 2015 12:00am
Urdu language: Prime Minister to give policy statement, SC told

Urdu language: Prime Minister to give policy statement, SC told

The Supreme Court was informed on Friday that Prime Minister Nawaz Sharif will give a policy statement on implementing Urdu as official language next week. Appearing before a two-member bench of Justice Jawwad S. Khawaja and Justice Azmat Saeed Sheikh, th
Published 06 Jun, 2015 12:00am
IUCN President calls on Sartaj

IUCN President calls on Sartaj

International Union for Conservation of Nature (IUCN) President Xinsheng Zhang called on Adviser to the Prime Minister on National Security and Foreign Affairs Sartaj Aziz on Friday. Chairperson, Benazir Income Support Programme, Marvi Memon, was also pre
Published 06 Jun, 2015 12:00am
Aizaz, US Deputy Secretary review bilateral relationship

Aizaz, US Deputy Secretary review bilateral relationship

Foreign Secretary of Pakistan, Ambassador Aizaz Ahmad Chaudhry, who is currently in Washington DC to participate in the meeting of the Working Group on Strategic Security, Stability and Non-proliferation (SSS&NP), met the Deputy Secretary of State, Tony B
Published 06 Jun, 2015 12:00am
Second round of Pak-New Zealand political consultation held

Second round of Pak-New Zealand political consultation held

The second round of Pakistan-New Zealand Bilateral Political Consultation between the Foreign Ministries of the two countries was held in Wellington, New Zealand here on Friday. The Pakistan delegation was led by Afrasiab, Additional Secretary (Asia Pacif
Published 06 Jun, 2015 12:00am
ASWJ protests against Farooqi's arrest

ASWJ protests against Farooqi's arrest

Activists of Ahle Sunnat Wal Jamaat (ASWJ) on Friday staged a protest demonstration against the arrest of central president of ASWJ Aurangzeb Farooqi from Taxila by Punjab police. Hundreds of the ASWJ workers staged the protest on Islamabad expressway and
Published 06 Jun, 2015 12:00am
LNG import will be increased to 600MMCFD in Fiscal Year 2016

LNG import will be increased to 600MMCFD in Fiscal Year 2016

The government plans to increase Liquefied Natural Gas (LNG) imports from 400 Million Cubic Feet per Day (MMCFD) to 600 MMCFD in 2015-16 as per the Annual Plan. To transport the LNG, the Sui-Southern Gas Company Limited (SSGCL) will construct a 42 inch pi
Published 06 Jun, 2015 12:00am
5th province's status for GB IHC issues notices to Ministries

5th province's status for GB IHC issues notices to Ministries

Islamabad High Court (IHC) on Friday issued notices to the Ministries of Law and Justice, Kashmir and Northern Areas Affairs and Secretary Cabinet Division on a petition filed to designate Gilgit-Baltistan a fifth province. A single-member bench comprisin
Published 06 Jun, 2015 12:00am
Pakistan's contribution to UN peacekeeping troops lauded

Pakistan's contribution to UN peacekeeping troops lauded

A top UN official on Thursday lauded Pakistan's contribution to UN peacekeeping troops and commended the performance of its military and civil officers in various UN Peacekeeping Missions. Speaking at an event organised by Ambassador Maleeha Lodhi to comm
Published 06 Jun, 2015 12:00am
From Myanmar to Pakistan: a rustic love story

From Myanmar to Pakistan: a rustic love story

Now aged in her 90s, Ayesha Bibi doesn't remember her real name, who her father was or much about her hometown in Myanmar. What she does remember is that in the 1940s, as Allied forces fought one of the bloodiest battles of the Second World War, against J
Published 06 Jun, 2015 12:00am
Scientist sworn in as Mauritius' first woman president

Scientist sworn in as Mauritius' first woman president

Prominent scientist Ameenah Gurib-Fakim was sworn as president of Mauritius on Friday, becoming the first women to hold the ceremonial position in the Indian Ocean island nation. "My ambition is to bring the Mauritian nation together around the national f
Published 06 Jun, 2015 12:00am
Frenchman in coma can be taken off life support

Frenchman in coma can be taken off life support

The European Court of Human Rights on Friday allowed France to take a man in a coma off life support, in a case that has torn a family apart and could influence the extent to which euthanasia is endorsed by law across the continent. The European court uph
Published 06 Jun, 2015 12:00am
Three tunes battle to become new Swiss national anthem

Three tunes battle to become new Swiss national anthem

The lofty tones fill a wood cabin on the outskirts of the emerald green meadow considered the birthplace of Switzerland, as three songs compete to become the country's new national anthem. The choir on the screen enthusiastically belts out the tunes, all
Published 06 Jun, 2015 12:00am
Silk Road mastermind appeals US life sentence

Silk Road mastermind appeals US life sentence

The American jailed for life for masterminding the online criminal enterprise Silk Road, which sold $200 million in drugs across the world, has appealed his sentence, court papers showed Friday. It was the maximum possible punishment for Ross Ulbricht, wh
Published 06 Jun, 2015 12:00am
White House presses for new cyber laws after vast hack

White House presses for new cyber laws after vast hack

The White House on Friday urged Congress to come out of the "dark ages" and pass new cyber security rules, using a massive security breach to press its case for reform. President Barack Obama's allies seized on news of that data on four million government
Published 06 Jun, 2015 12:00am
IS advances on key Syrian city despite regime air raids

IS advances on key Syrian city despite regime air raids

Jihadists from the Islamic State group pressed their campaign Friday to capture Hasakeh, a provincial capital in northeast Syria, in fierce battles with government forces backed by air strikes. "Fierce clashes continued Friday between regime forces and IS
Published 06 Jun, 2015 12:00am
Yemen rebels, government agree to peace talks

Yemen rebels, government agree to peace talks

Huthi Shia rebels and Yemen's exiled government agreed Friday to attend UN-brokered peace talks in Geneva aimed at ending weeks of war that have cost more than 2,000 lives. The Geneva meeting, provisionally set for June 14, would be the first significant
Published 06 Jun, 2015 12:00am
Nigeria's president must prosecute crimes by rebels, army: UN

Nigeria's president must prosecute crimes by rebels, army: UN

The United Nations' top human rights official called on Nigeria's new President Muhammadu Buhari on Friday to investigate reports of horrifying crimes by Boko Haram Islamist rebels and alleged abuses by the military. Zeid Ra'ad Al-Hussein said he had seen
Published 06 Jun, 2015 12:00am
Gambia expels Lebanese tycoon accused of Hezbollah links

Gambia expels Lebanese tycoon accused of Hezbollah links

One of the Gambia's most powerful business magnates, accused by the United States of funding the Lebanese militant movement Hezbollah, has been expelled, government sources said on Friday. Lebanese-Gambian multi-millionaire Hussein Tajudeen, a former clos
Published 06 Jun, 2015 12:00am
Irish Prime Minister calls for clarity on FIFA payment

Irish Prime Minister calls for clarity on FIFA payment

Irish Prime Minister Enda Kenny on Friday called for further information after FIFA confirmed it paid the Football Association of Ireland five million euros ($5.55 million) to drop a legal case. "This is quite extraordinary," Kenny told reporters. He adde
Published 06 Jun, 2015 12:00am
FIFA scandal steals focus as Women's World Cup set to kick off

FIFA scandal steals focus as Women's World Cup set to kick off

The biggest Women's World Cup in history kicks off on Saturday amid a backdrop of damaging FIFA corruption allegations that are threatening to overshadow the foour-week tournament in Canada The growing popularity of the sport has seen its expansion to 24
Published 06 Jun, 2015 12:00am
Barca shirt is regional and global icon

Barca shirt is regional and global icon

You can spot the distinctive claret and blue vertical stripes of the Barcelona football shirt the world over, and while the sales are significant, they hide a more precious meaning in the region of Catalunya. The ubiquity of the Barca shirt around the glo
Published 06 Jun, 2015 12:00am
Juventus, Barca touch down for Berlin final

Juventus, Barca touch down for Berlin final

Juventus and Barcelona arrived in Berlin ahead of Saturday's Champions League final to be greeted by scores of eager fans with both teams bidding to complete a treble of titles. The European heavyweights square off at Berlin's Olympic Stadium bidding to a
Published 06 Jun, 2015 12:00am
Raza Hasan files appeal against PCB ban

Raza Hasan files appeal against PCB ban

Cricketer Raza Hasan, who was banned by the Pakistan Cricket Board for failing a drug test, has filed an appeal against the decision of the board. Hasan in his appeal said he was banned without his stance being heard, hence, approaching the tribunal. He s
Published 06 Jun, 2015 12:00am
Eye injury forces Kieswetter to retire

Eye injury forces Kieswetter to retire

England and Somerset wicketkeeper/batsman Craig Kieswetter has been forced to retire due to an eye injury, he announced on Friday. The 27-year-old South Africa-born player was left with vision problems after breaking his nose and damaging his cheekbone wh
Published 06 Jun, 2015 12:00am
Wawrinka sinks French hopes in Paris

Wawrinka sinks French hopes in Paris

Stan Wawrinka shattered French hopes of a first men's singles champion in 32 years on Friday when he outlasted Jo-Wilfried Tsonga 6-3, 6-7 (1/7), 7-6 (7/3) 6-4 in the first of the semi-finals. It was a consummate performance from the Swiss stylist and he
Published 06 Jun, 2015 12:00am
Dowrich and Samuels defy Australia

Dowrich and Samuels defy Australia

Shane Dowrich and Marlon Samuels battled grittily to defy Australia as the West Indies reached 97 for three in their second innings at lunch on the third day of the first Test at the Windsor Park Stadium in Dominica on Friday. Despite a fourth-wicket part
Published 06 Jun, 2015 12:00am
Football League adopts equal opportunities plan for coaches

Football League adopts equal opportunities plan for coaches

The Football League has revealed a new plan for increasing the number of ethnic minority managers and coaches in England. Currently only five managers out of the 72 Football League clubs in the three tiers outside the Premier League are from ethnic minori
Published 06 Jun, 2015 12:00am
Ennis-Hill out of Birmingham Diamond League

Ennis-Hill out of Birmingham Diamond League

Olympic heptathlon champion Jessica Ennis-Hill announced her withdrawal from this weekend's Birmingham Diamond League event on Friday as she continues to ease her way back into competition. Ennis-Hill, 29, made a successful return to action at Gotzis in A
Published 06 Jun, 2015 12:00am
Aussie, New Zealand dollar struggle
Currency

Aussie, New Zealand dollar struggle

The Australian and New Zealand dollars struggled to make any headway on Friday as investors awaited the US labour report, but seemed destined for a big weekly loss on the euro. A surprisingly strong employment outcome would likely reinforce expectations o
Published 06 Jun, 2015 12:00am
Sterling skids against dollar
Currency

Sterling skids against dollar

Sterling skidded by more than one percent against the dollar on Friday after a much stronger than expected US jobs report bolstered prospects of an interest rate hike from the Federal Reserve by September. Nonfarm payrolls increased by a hefty 280,000 las
Published 06 Jun, 2015 12:00am
Sri Lankan rupee ends steady
Currency

Sri Lankan rupee ends steady

Sri Lankan rupee forwards ended steady on Friday on hopes expected inflows would help stabilise the currency while a state-run bank sold ample dollars to keep the spot currency at current levels, dealers said. One-week forwards, which were actively traded
Published 06 Jun, 2015 12:00am
Asian forex: Rupiah sets 17-year low for second day
Currency

Asian forex: Rupiah sets 17-year low for second day

The Indonesian rupiah hit a fresh 17-year low versus the dollar on Friday and most emerging Asian currencies were on track for weekly losses, dented by a rise in US bond yields. The rupiah slipped to as low as 13,295 versus the dollar, its weakest level s
Published 06 Jun, 2015 12:00am
Rand hits 13-1/2 year low to dollar

Rand hits 13-1/2 year low to dollar

South Africa's rand fell to a 13-1/2-year low on Friday and bond yields jumped in nervous trade hours ahead of a Fitch credit rating review and due to a stronger dollar buoyed by US jobs data. Local debt took its cue from global trends, with US Treasury y
Published 06 Jun, 2015 12:00am
Euro turns lower in New York
Currency

Euro turns lower in New York

The euro fell on Thursday against the US dollar as traders pocketed profits from the shared currency's biggest two-day gain in six years and German Bund yields slipped from multi-month highs. Traders trimmed euro positions as a precaution ahead of the US
Published 06 Jun, 2015 12:00am
Euro steadies in Europe
Currency

Euro steadies in Europe

A yo-yo week for the euro settled on Friday, most major currencies treading water ahead of a monthly US non-farm payrolls report looked to for a clear sign of whether the Federal Reserve can raise interest rates this year. The biggest mover by far in morn
Published 06 Jun, 2015 12:00am
Euro pulls away from highs in Asia

Euro pulls away from highs in Asia

The euro pulled away from a more than two-week high against the dollar on Friday after German yields came off recent highs and investors fretted over Greece's debt crisis as they awaited the US non-farm payrolls report later in the session. The euro slipp
Published 06 Jun, 2015 12:00am
Yuan eases to 3-week low

Yuan eases to 3-week low

China's yuan dropped to more than a three-week low on Friday as dollar demand rose in anticipation that upcoming trade data will show both external and domestic demand remains weak, traders said. The yuan is set weaken for a second consecutive week by dro
Published 06 Jun, 2015 12:00am
FTSE posts biggest weekly drop in 6 months, grocers slip

FTSE posts biggest weekly drop in 6 months, grocers slip

Britain's top share index fell on Friday to post its biggest weekly drop in nearly six months, mirroring a broad sell-off in Europe, with some food retailers losing ground after Deutsche Bank cut its estimate for the UK grocery market. The FTSE 100 hit an
Published 06 Jun, 2015 12:00am
Australian shares post biggest weekly fall in three years

Australian shares post biggest weekly fall in three years

Australian shares fell to a four-month closing low on Friday and suffered their biggest weekly drop in three years as all the major banks erased this year's gains. The S&P/ASX 200 index eased 0.1 percent, or 5.8 points, to 5,498.5. On the week, the benchm
Published 06 Jun, 2015 12:00am
European shares fall as debt woes hit Greek stocks
Currency

European shares fall as debt woes hit Greek stocks

European shares dropped on Friday, setting a regional index on course for its steepest weekly fall so far this year as the Athens stock market slid after Greece delayed a debt payment. Greece's benchmark Athex General Composite (ATG) index tumbled 5.2 per
Published 06 Jun, 2015 12:00am
China's indexes reach fresh seven-year highs

China's indexes reach fresh seven-year highs

China stocks had another bumpy ride on Friday as both main indexes erased losses in the afternoon and ended the day at fresh seven-year closing highs. But Shenzhen's ChiNext index, bellwether of the recent bull run, lost ground, with investors becoming in
Published 06 Jun, 2015 12:00am
Sri Lankan shares steady; Keells bounces back

Sri Lankan shares steady; Keells bounces back

Sri Lankan shares closed steady in thin trade on Friday led by market heavyweight John Keells Holdings Plc, rising from a six-week low hit the previous session, but concerns over political uncertainty before elections to parliament hit sentiment. Presiden
Published 06 Jun, 2015 12:00am
Long-term Treasury yields fall

Long-term Treasury yields fall

US long-term Treasury debt yields on Thursday dropped from eight-month peaks in line with a pullback in German bond yields in what market participants described as a technically driven rally in prices. A better-than-expected US jobless claims report had b
Published 06 Jun, 2015 12:00am