News Archives for Print - 2015-06-09

Print - 2015-06-09

Partly Facetious: The list of Musharrafites is growing

"So Haroon Akhtar Khan is what?"

Published 09 Jun, 2015 12:00am

Oil falls as China cuts crude imports; Opec decision weighs

Oil fell by 1 percent or more on Monday on a slump in Chinese demand and worries that Opec's decision to pump crude without restraint could prolong the current supply glut, although a weaker dollar limited losses. China, the top net oil importer in the wo

Published 09 Jun, 2015 12:00am

Currency

Copper recovers on weak dollar

Copper and most other base metals rose on Monday, bolstered by a weaker dollar and expectations that top metals consumer China will unleash further stimulus measures. The dollar fell after a media report that US authorities were uncomfortable with their s

Published 09 Jun, 2015 12:00am

Shanghai copper rises

The most-traded August copper contract on the Shanghai Futures Exchange closed up 0.3 percent at 43,160 yuan ($6,956.58) a tonne on Monday, shrugging off data showing an expected drop in imports by China, but a weak seasonal demand outlook at the top cons

Published 09 Jun, 2015 12:00am

Cotton

Cotton rises after CFTC report amid weaker dollar

ICE cotton futures rose on Monday, supported by declines in the US dollar and a US government report issued Friday after market close that showed speculators had their smallest net long position since February. "Have more room to come in and buy, as well

Published 09 Jun, 2015 12:00am

PSDP allocations

According to a Business Recorder exclusive, the Prime Minister, less than a week before the presentation of the federal budget in parliament, instructed the relevant ministers to rationalise and reprioritise the Public Sector Development Programme

Published 09 Jun, 2015 12:00am

Erdogan's AKP is down but not out

That President Recep Tayyip Erdogan's Justice and Development Party (AKP) would not win absolute majority in the June 2015 parliamentary election was expected given that popularity fatigue is natural to all the long-serving democratic parties. But what ha

Published 09 Jun, 2015 12:00am

Anomalies in the Budget

The process of announcing the Federal Budget 2015-16 began with President Mamnoon Hussain's June 4 address to the joint session of the parliament wherein he rightly pointed to the sectors with potential. But his pro-regime attitude prevented him from high

Published 09 Jun, 2015 12:00am

Despite 'hello dictator', EU struggles to curb Hungary's Orban

Hungarian Prime Minister Viktor Orban took it as a joke but his supporters at home were furious when European Commission President Jean-Claude Juncker saluted him with an audible "hello dictator" before the world's cameras last month. The unorthodox greet

Published 09 Jun, 2015 12:00am

Opec oil price anchor could be easy to unmoor

To hear Opec ministers in Vienna last week, one would think the cartel's battle for market share is a complete success and oil prices are now firmly anchored where they are. "The strategy is working. It will take time for markets to rebalance," was the ma

Published 09 Jun, 2015 12:00am

Kashmir and threats to economic corridor

The army chief has made it clear - loudly and unambiguously - that Pakistan dn Kashmir are inseparable. Addressing participants of a course at the National Defence University (NDU) in Islamabad, he effectively countered and repelled growing Indian bellige

Published 09 Jun, 2015 12:00am

JI leader praises government's move

JI Secretary General Liaqat Baloch has appreciated the Pakistan government's much belated move in support of the oppressed Myanmar Muslims and said that Saudi Arabia, Turkey, Pakistan, Indonesia and Malaysia should make joint efforts to stop the eviction

Published 09 Jun, 2015 12:00am

Genocide of Rohingya Muslims: senators urge government to approach UNSC

The lawmakers across the aisle in Senate on Monday called upon the government to approach the United Nations Security Council and its human rights council against genocide of Rohingya Muslims. The lawmakers lambasted Myanmar government for the genocide of

Published 09 Jun, 2015 12:00am

LNG deal Talks resume in Doha today

Pakistan and Qatar-Gas officials would resume talks on finalising the Liquefied Natural Gas (LNG) deal in Doha on Tuesday (today). This was confirmed by Minister of Petroleum and Natural Resources Shahid Khaqan Abbassi to Business Recorder. He adde

Published 09 Jun, 2015 12:00am

Three killed in road accident

At least three people including two women were killed and seven others injured on Monday when a speedy car collided with a tree near Lake View Park on main Highway leading to Murree. According to police, a speedy Corolla car (IDE-311) collided with a tree

Published 09 Jun, 2015 12:00am

Water moot Nawaz leaves for Tajikistan today

Prime Minister Nawaz Sharif will leave for Tajikistan today (Tuesday) on a two-day official visit to participate in International Conference on the Implementation of the International Decade for Action, "Water for Life" 2005-2015. According to Foreign Off

Published 09 Jun, 2015 12:00am

Budget Fiscal Year 2015-16: government's measures for promotion of farm mechanisation lauded

The tractor and vending industry has lauded government's measures announced in the Federal Budget for 2015-16 for promotion of farm mechanisation and increased productivity of the agriculture sector. It may be recalled that on the appeal of the manufactur

Published 09 Jun, 2015 12:00am

At least 25 dead in heatwave

The death toll from a heatwave in country rose to more than two dozen people, officials said on Monday. At least 13 devotees marking a 13th-Century Sufi saint's birthday in the Sindh died Sunday as temperatures reached 46 degrees Celsius, rescue official

Published 09 Jun, 2015 12:00am

Shujaat condoles

PML-Q President Senator Chaudhry Shujaat Hussain on Monday visited the writer and columnist Orya Maqbool Jan to condole over the death of his mother. Chaudhry Shujat Hussain and his son Chaudhry Salik Hussain offered fateha and prayed that may Allah Almig

Published 09 Jun, 2015 12:00am

Lahore airport: Prime Minister inaugurates integrated security system

Prime Minister Nawaz Sharif Monday launched the Integrated Security System here at the Allama Muhammad Iqbal Airport, making it the first in the country to have a modern system. Director General Airport Security Force (ASF) Major General Sohail Ahmed brie

Published 09 Jun, 2015 12:00am

Third cop involved in murder of two brothers arrested

The city police on Monday arrested the third cop of Muhafiz Squad involved in killing of the two real brothers in the limits of New Town police station on late Saturday night. The fourth cope namely Umair involved in the incident is still at large. The co

Published 09 Jun, 2015 12:00am

Daska killings: lawyers observe 'weekly' strike

The lawyers in the federal capital Monday observed 'weekly' strike in protest against the killing of two fellows in Daska. A directive issued by the Punjab Bar Council (PBC) requested lawyers to "observe full-day strike every Monday to show solidarity wit

Published 09 Jun, 2015 12:00am

7th A320 aircraft joins PIA fleet

The seventh A320 aircraft joined the PIA fleet when it arrived on Saturday, June 6, 2015 at the Jinnah International Airport. Managing Director of PIA Shahnawaz Rehman said the airline was in the process of increasing capacity by inducting aircraft in its

Published 09 Jun, 2015 12:00am

PPP stages demonstration against budget

Scores of activists of Pakistan Peoples' Party on Monday staged a demonstration against PML-N government for presenting IMF-dictated budget which had broken the back of already hard pressed masses. The demo was staged in front of PPP South Punjab's Secret

Published 09 Jun, 2015 12:00am

Quetta-Zahidan freight train service resumes today

Pakistan Railways is resuming freight train service between Pakistan and Iran from today as the service remained suspended for four years due to law and order situation in the area. Announcing this at a press conference at Railway Headquarters here on Mon

Published 09 Jun, 2015 12:00am

Vote rigging allegations: Imran rules out resignation of KP government

Reiterating his offer of re-elections under the military to clear the rigging controversy during the local governments' elections in Khyber Pakhtunkhwa, Pakistan Tehreek-e-Insaf Insaf chairman Imran Khan on Monday laughed off the rumours that his party go

Published 09 Jun, 2015 12:00am

Pakistani Taliban call for jihad in Myanmar

The Pakistani Taliban on Monday urged Muslims in Myanmar to rise up and fight the country's rulers, saying the Taliban's resources and training facilities were available to help them "take up the sword". Ehsanullah Ehsan, spokesman for the hard-line Jamaa

Published 09 Jun, 2015 12:00am

Malala calls on Myanmar to halt persecution of Rohingyas

Nobel Peace Prize winner Malala Yousafzai on Monday urged Myanmar leaders to take "immediate action" to prevent the persecution of the country's Rohingya Muslims, most of whom are considered by the government to be illegal immigrants. She said that Rohing

Published 09 Jun, 2015 12:00am

PTI expresses solidarity with Rohingya Muslims: demonstration held

Pakistan Tehreek-e-Insaf activists on Monday held a demonstration and burnt Myanmar flag in Multan to express solidarity with the Rohingya Muslims and to condemn the killing of Rohingya Muslims in Myanmar. The protest was led by PTI leader Waseem Khan Bad

Published 09 Jun, 2015 12:00am

Modi's confession of committing terrorism UN urged to probe into matter

Pakistan Muslim League-Quaid-e-Azam General Secretary and former opposition leader in the Punjab Assembly Chaudhry Zaheeruddin Khan has said at last India has confessed it has conspired breaking of Pakistan. "The Indian prime minister's admitting of break

Published 09 Jun, 2015 12:00am

Zardari slams remarks of Modi

Former president Asif Ali Zardari has rued remarks by the India premier in Bangladesh over the events of 1971 where he accused Pakistan of sponsoring terror and said the remarks were unwarranted. Such disgusting comments by the Indian Prime Minister are n

Published 09 Jun, 2015 12:00am

316 Ramazan Bazaars being set up in province: Shahbaz

Punjab Chief Minister Shahbaz Sharif has said that his government has announced the Ramazan package of billions of rupees to provide relief to people and flour and other edible items will be provided to the masses at cheaper rates under this package.

Published 09 Jun, 2015 12:00am

Polio eradication: IPV campaign inaugurated in Punjab

Advisor to Chief Minister Punjab on Health Khawaja Salman Rafique while speaking at the inauguration of the IPV (Inactivated Polio Vaccine) campaign in Punjab here at Mian Munshi Hospital on Monday has said that Pakistan is catching up with the rest of th

Published 09 Jun, 2015 12:00am

700 certificates awarded to uncertified skilled manpower

Trade Testing Board (TTB) awarded 700 certificates to uncertified skilled manpower. TEVTA is offering 15 trades to uncertified skilled workers through Recognition of Prior Learning (Ustaad Shagird Nizam) at 26 institutes in 5 districts in first phase. Aft

Published 09 Jun, 2015 12:00am

Over Rs 5.4 billion budget for UAF approved

The Finance and Planning Committee has approved University of Agriculture Faisalabad budget proposal of over Rs 5.4 billion for the financial year 2015-16. The meeting, which was chaired by UAF Vice Chancellor Professor Dr Iqrar Ahmad Khan, approved the b

Published 09 Jun, 2015 12:00am

Over Rs 5.4 billion budget for UAF approved

Published 09 Jun, 2015 12:00am

Federal Budget: APBF slams Dar's 'calculator approach'

All Pakistan Business Forum President Ibrahim Qureshi has condemned Finance Minister Ishaq Dar's calculator approach in finalising the federal budget, claiming that it is focusing more on revenue collection and less on the fulfilment of its major objectiv

Published 09 Jun, 2015 12:00am

LHC CJ administers oath to 10 new additional judges

Lahore High Court Chief Justice Manzoor Ahmad Malik has administered oath to the 10 newly appointed additional judges at a ceremony held in the city. The new judges are justices Shahid Mubeen, Sardar Ahmad Naeem, Mushtaq Ahmad Tarrar, Farrukh Gulzar Awan,

Published 09 Jun, 2015 12:00am

'Green house gas emission is only 0.7 percent in Pakistan'

President Pakistan Engineering Congress (PEC) engineer Iftikhar Ahmad said that Pakistan is under pressure due the effect of Green House Gas Emissions although green house gas emission in Pakistan is only 0.7 percent. He was addressing the seminar on Worl

Published 09 Jun, 2015 12:00am

Head-on collision: five killed, seven hurt

Five members of a family were killed and seven others injured in head-on collision between a passenger van and trailer truck near Chak No 169, Haroonabad early on Monday. Police said the van was going to Haroonabad from Chichawatni when it collided with a

Published 09 Jun, 2015 12:00am

No funds for NACTA proves the Sharifs' loyalty with terrorists: Qadri

Pakistan Awami Tehreek Chairman Tahirul Qadri has said that by not allocating funds for NACTA the Sharifs have once again proven their loyalty with the terrorists' elements. Talking to members of the Consultative Council from Canada via video link, Dr Qad

Published 09 Jun, 2015 12:00am

Punjab police: large number of female officers being recruited: IGP

Inspector General of Police Punjab Mushtaq Ahmad Sukhera while addressing the first largest 7th passed out batch comprising 504 lady constables at Police Training College, Chung, Lahore, on Monday has said a large number of female officers are being recru

Published 09 Jun, 2015 12:00am

PAAPAM signs MoU with UMT

Pakistan Association of Automotive Parts and Accessories Manufacturers (PAAPAM) Senior Vice Chairman Mumshad Ali has stressed upon the need for creating a strong liaison between educational institutions, widely recognised as major contributors to economic

Published 09 Jun, 2015 12:00am

Natural resources: Prince for fair share to Balochistan people

The issues pertaining to growing violence in Balochistan province stay due to interference of a neighbouring country. In current situation in Balochistan, the role of the federal government regarding handling it is very poor. These views were presented by

Published 09 Jun, 2015 12:00am

Remand of Axact's chief extended till June 10

A local court on Monday extended physical remand of Chief Executive Officer (ECO) of Axact, the IT company accused of running fake degree empire, Shoaib Shaikh and eight other accused till June 10. FIA investigators produced the nine accused before magist

Published 09 Jun, 2015 12:00am

17 Axact employees sent to FIA remand

A local court of Islamabad on Monday granted physical remand of 17 Axact employees to Federal Investigation Agency (FIA) for seven days. FIA produced the Axact employees before judicial magistrate Rasool Buksh Mir Jatt in connection with the alleged sale

Published 09 Jun, 2015 12:00am

Envoys conference today

An Envoys' Conference is being held at the Ministry of Foreign Affairs on Tuesday (today) in which Pakistan's Ambassadors from 14 countries of SAARC and ECO regions will participate. The Conference, which will be inaugurated by the Advisor to the Prime Mi

Published 09 Jun, 2015 12:00am

Raising prices of baby food products CCP issues show-cause notice to company

After a detailed inquiry into a major case of abuse of dominance by a business firm, the Competition Commission of Pakistan (CCP) has issued show cause notice to a world's leading food company, for unreasonably raising the prices of most common baby food

Published 09 Jun, 2015 12:00am

International Conference on Trade & Competitiveness

Ministry of Commerce organized an International Conference on Trade and Competitiveness with the support of World Bank which was attended by distinguished scholars, policy makers, representatives of development agencies and private sector. Federal Ministe

Published 09 Jun, 2015 12:00am

'Foreign agencies including RAW conspiring against Pakistan'

Home Minister Sarfraz Bugti on Monday reiterated that foreign intelligence agencies including Indian Research and Analysis Wing (RAW) are conspiring against Pakistan after the historic China-Pakistan Economic Corridor (CPEC) agreement. He expressed these

Published 09 Jun, 2015 12:00am

Cyclonic conditions in the Arabian Sea: relevant departments asked to take preventive steps

Following Pakistan Meteorically Department (PMD) weather advisory that Cyclonic conditions are developing in the Arabian Sea, the National Disaster Management Authority (NDMA) has issued directives to all the relevant departments to take preventive measur

Published 09 Jun, 2015 12:00am

Vacations cancelled due to expected cyclone

In the wake of expected cyclone, Advisor to Chief Minister Sindh for Labour and Human Resources Asghar Ali Junejo has repealed vacations of doctors, nurses, paramedics and other staff of hospitals of Sindh Employees Social Security Institutions (SESSI). H

Published 09 Jun, 2015 12:00am

KE readies emergency plan for 'Ashobha'

K-Electric through its press statement has assured that an emergency plan has been initiated to deal with the incoming Cyclone Ashobha in which KE's team has been put on standby to counter any devastation or breakdown if God-forbid the cyclone affects the

Published 09 Jun, 2015 12:00am

US envoy meets Shahbaz

American Ambassador to Pakistan Richard G Olson met Punjab Chief Minister Shahbaz Sharif on Monday, to discuss matters of mutual interest and bilateral relations. Sources claimed that views were also exchanged to promote co-operation in different sectors.

Published 09 Jun, 2015 12:00am

Imran blames the Sharifs for brothers' killings

Pakistan Tehrik-e-Insaaf (PTI) chairman Imran Khan on Monday said that the killing of two brothers at the hand of Punjab Police would not have happened if the killers involved in Model Town massacre had been punished. Talking to reports after condoling wi

Published 09 Jun, 2015 12:00am

Vote rigging allegations: shutter down in KP on June 10

President Tri-Party Alliance (TPA) secretary general, ANP Mian Iftikhar Hussain has said that the provincial government has convened All Parties Conference (APC) with mala-fide intentions to sabotage the strike of opposition. Briefing the media after pres

Published 09 Jun, 2015 12:00am

Sherpao asks KP government to stop announcing LB polls results

Qaumi Watan Party (QWP) Chairman Aftab Ahmad Khan Sherpao has said that if provincial government was sincere in efforts to ease opposition's concerns over alleged rigging and mismanagement in local government elections in the upcoming All Parties Conferen

Published 09 Jun, 2015 12:00am

Sherry Rehman elected Senator unopposed

Pakistan People's Party (PPP) Vice President Sherry Rehman on Monday was elected as Senator from Sindh unopposed. Last week, Rehman filed nomination papers for a general seat of the Senate from Sindh that had fallen vacant after the resignation of Abdul L

Published 09 Jun, 2015 12:00am

POB Trust organises eye camp

Prevention of Blindness (POB) Trust, a subsidiary of Pakistan Islamic Medical Association (PIMA), on Monday organised an eye camp during which free-of-cost surgeries were conducted. Speaking on the occasion, Dr Misbah-ul-Aziz, Chairman, PIMA, said: "In Pa

Published 09 Jun, 2015 12:00am

e2e Supply Chain Management appoints new CEO

Pakistan's leading provider of end to end logistics services e2e Supply Chain Management announced the appointment of Junaid Iqbal as Chief Executive Officer (CEO) and equity partner. As CEO, Junaid Iqbal will take charge of the overall business and comme

Published 09 Jun, 2015 12:00am

Cop shot dead in Bannu

Unknown armed men gunned down a policeman here on Monday and escaped the scene. The firing incident took place in Kaki area of Bannu where unknown armed motorcyclists opened fire at policemen. As a result of firing a policeman died on the spot while the a

Published 09 Jun, 2015 12:00am

Budget can't be termed 'investment-friendly': Yakoob

Lasbela Chamber of Commerce and Industry's (LCCI), president Yakoob H. Karim has apprehended that the common man will suffer in the wake of taxes imposed on the essential items such as dairy products, filtered water. He also criticised the government for

Published 09 Jun, 2015 12:00am

Decision of delegating SRO powers to Parliament hailed

Korangi Association of Trade and Industry's (Kati) patron-in-chief S M Muneer has welcomed the government's decision of withdrawing powers of issuing Statuary Regulatory Orders (SROs) from the Federal Board of Revenue's (FBR). Commenting on the budget spe

Published 09 Jun, 2015 12:00am

PLUMgrid welcomes Inbox Business Technologies to its Global Alliance Programme

In a seminar recently held in Islamabad, PLUMgrid, a leading innovator of virtual network infrastructure for OpenStack Clouds, welcomes Inbox Business Technologies to its Global Alliance Programme. Through this Global Alliance Programme means that Inbox w

Published 09 Jun, 2015 12:00am

Alleged frauds charges: strict action against Baba Fareed Builders urged

Property Dealers' Association (PDA) Qasimabad demanded strict action against Baba Fareed Builders allegedly involved in committing frauds worth of millions rupees with various innocent people. PDA Leaders, Ghulam Asghar Panhwer, Engineer Rahmutallah Sand

Published 09 Jun, 2015 12:00am

Mutual Funds

First Islamic property fund of subcontinent: over Rs 22.23 billion Dolmen City REIT launched

The first Rs 22.237 billion Islamic rental property fund of the subcontinent was launched at Karachi Stock Exchange (KSE) Monday. The two-day book building process for the country's first Rental Real Estate Investment Trust (REIT), Dolmen City REIT (DCR),

Published 09 Jun, 2015 12:00am

Mutual Funds

First Islamic property fund of subcontinent: over Rs 22.23 billion Dolmen City REIT launched

Published 09 Jun, 2015 12:00am

Navy plays vital role to protect oceans: Naval Chief

With an aim to highlight the significance of Oceans and to promote awareness amongst Pakistan Navy Personnel to protect and preserve the Oceans, Pakistan Navy celebrated World Oceans Day with great enthusiasm. A highly spirited participation by Pakistan N

Published 09 Jun, 2015 12:00am

Three children drown

Three children drowned and died in a flooded Nullah here on late Sunday night. Search for the bodies was in progress. Levies sources said that heavy rain which lashed various areas of district Khuzdar of Balochistan flooded the Nullahs and steams. In Sunn

Published 09 Jun, 2015 12:00am

Detention at Heathrow Airport: UK BF releases crew members of PIA after interview

UK Border Force (BF) has released all five crew members of Pakistan International Airline (PIA) after two-hour interview and allowed the departure to flight PK-788 to Karachi. According to sources, PK-788 (London to Karachi) of the PIA had been stopped by

Published 09 Jun, 2015 12:00am

Currency

Dollar drops from post-jobs report high in Europe

The dollar fell from near 13-year highs against the yen on Monday on a media report that US authorities were uncomfortable with their strong currency, prompting some traders to trim favourable bets in the greenback. US President Barack Obama was quoted in

Published 09 Jun, 2015 12:00am

Cameron trips up over Europe at G7 summit, denies U-turn

British Prime Minister David Cameron tripped up over Europe at a summit of the Group of Seven Industrial nations (G7), appearing to issue an ultimatum to his own ministers over the EU only to swiftly withdraw it, saying he had been misunderstood. The deba

Published 09 Jun, 2015 12:00am

Assassin who sparked WWI to get monument in Belgrade

Belgrade is to erect a monument honouring Gavrilo Princip, the Bosnian Serb nationalist whose assassination of Archduke Franz Ferdinand sparked World War I, city authorities said Monday. Local official Goran Vesic told state broadcaster RTS that the monum

Published 09 Jun, 2015 12:00am

Hong Kong sets 'serious' response to South Korea's MERS outbreak

Hong Kong upgraded to "serious" on Monday its response to an outbreak of Middle East Respiratory Syndrome (MERS) in South Korea, where the number of cases jumped and fears grew about the economic impact of the disease. South Korean President Park Geun-hye

Published 09 Jun, 2015 12:00am

South American soccer HQ could face raids if new law passes

Lawmakers across Paraguay's political divide are urging senators to approve stripping the headquarters of South American football of its legal immunity, a status that spotlights how soccer's global governing body FIFA has often been able to skirt legally

Published 09 Jun, 2015 12:00am

No reason to probe Brazil in FIFA scandal: Rousseff

There is no reason Brazil's hosting of last year's World Cup should be probed as part of the FIFA scandal, President Dilma Rousseff insisted in an interview published Monday. "I do not think the problem is here. But one must investigate all the consequenc

Published 09 Jun, 2015 12:00am

Germany unhappy with post-season international matches

World Cup winners Germany believe the June dates for internationals are far from convenient with domestic and European club competitions only just over and players eager for a break after a long season. The Germans face the United States in a friendly in

Published 09 Jun, 2015 12:00am

Germany, Norway humiliate World Cup new girls

Former champions Germany and Norway got off to winning starts at the women's World Cup on Sunday as newcomers Ivory Coast and Thailand took a battering. Germany whipped the Ivory Coast 10-0 after Norway thrashed Thailand 4-0 in the opening round of Group

Published 09 Jun, 2015 12:00am

Waqar confident about reaching targets on Sri Lanka tour

Pakistan's coach Waqar Younis expressed confidence the cricket squad would achieve targets in Tests and One-day series as they set off for a tour of Sri Lanka on Monday. Pakistan will play three Tests, five one-day internationals and two Twenty20s on thei

Published 09 Jun, 2015 12:00am

England have 'fallen behind', says Morgan

England One-day international captain Eoin Morgan said Monday the side had "fallen behind by a long way" in limited overs cricket, but was confident they would improve in their upcoming series with New Zealand. Morgan's men face the World Cup finalists in

Published 09 Jun, 2015 12:00am

England have picked exciting squad, says McCullum

New Zealand expect a new-look England squad to match their aggressive style of cricket in the five-game One-day series, captain Brendon McCullum said on Monday. Following a dismal World Cup campaign, England are resting key players, including fast bowlers

Published 09 Jun, 2015 12:00am

Palestine to switch home World Cup qualifier to Saudi Arabia

Palestine have given up home advantage for Thursday's World Cup qualifier against Saudi Arabia after the oil-rich kingdom cited "exceptional conditions" for their inability to travel to the West Bank. The Group A match, the first for both teams in the sec

Published 09 Jun, 2015 12:00am

Outcry forces paint job rethink for English landmark

Portsmouth authorities announced Monday they were reviewing plans to repaint the English city's main landmark in the colours of a rival city's football team, following an outcry. In a sponsorship deal, the city council planned to paint the Spinnaker Tower

Published 09 Jun, 2015 12:00am

Currency

China's yuan slips

China's yuan eased against the dollar on Monday after the central bank set the daily guidance rate lower for a second straight session, but a near record trade surplus helped to reverse the loss, traders said. The People's Bank of China (PBOC) set the mid

Published 09 Jun, 2015 12:00am

Sterling falls against buoyant euro

Sterling fell towards a one-month low against a euro boosted by higher European bond yields on Monday, extending two weeks of losses during a sell-off of euro zone bonds and a run of weaker-than-expected UK economic data. Figures released last week showed

Published 09 Jun, 2015 12:00am

Currency

Sri Lankan rupee forwards tad weaker

Sri Lankan rupee forwards ended a tad weaker on Monday as dollar sales by a state-run bank for spot currency were limited only to select trades, putting pressure on the forwards, dealers said. A state bank has been selling ample dollars to keep the curren

Published 09 Jun, 2015 12:00am

Bangladesh's interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Monday. 77.80-77.80 (previous 77.80-77.80). Call Money Rates: 05.25-6.75 percent (Previous 05.25-06.75 percent).

Published 09 Jun, 2015 12:00am

Currency

Asian forex: Ringgit sets nine-year low; rupiah tumbles again

The Malaysian ringgit hit a nine-year low and the Indonesian rupiah set a fresh 17-year low on Monday, after robust US jobs data bolstered expectations of an interest rate hike by the Federal Reserve before year-end. The dollar climbed broadly against Asi

Published 09 Jun, 2015 12:00am

Currency

Turkey investors take fright at post-poll uncertainty

Investors in Turkey on Monday took fright at a new period of political uncertainty after legislative elections, with shares tumbling over five percent and the lira hitting a new record low against the dollar. Turkey's central bank acted swiftly to give so

Published 09 Jun, 2015 12:00am

China economy shows more weakness as imports, exports fall

Chinese imports fell for a seventh straight month in May while exports also sank, according to official data Monday, as the world's second biggest economy shows protracted weakness despite government easing measures. The disappointing figures also come as

Published 09 Jun, 2015 12:00am

Currency

Gulf markets narrowly mixed as oil slips

Gulf stock markets were mixed on Monday after Brent oil slipped towards $63 per barrel on news of a slide in China's fuel imports. China, the world's biggest net oil importer, bought nearly a quarter less crude in May than it did in the previous month, of

Published 09 Jun, 2015 12:00am

Hong Kong shares slightly up

Hong Kong stocks edged up on Monday, led by mainland banking heavyweights on expectations that Beijing will step up reforms in the state sector. The Hang Seng index rose 0.2 percent, to 27,316.28, while the China Enterprises Index gained 1.4 percent, to 1

Published 09 Jun, 2015 12:00am

China shares post solid rise

China's main stock indexes rose more than 2 percent on Monday, to a new seven-year high, as investors piled into bluechips, ditching small caps on valuation concerns, ahead of MSCI's decision on including Chinese shares to its global index. The CSI300 ind

Published 09 Jun, 2015 12:00am

Monday's early afternoon trade: Wall Street down on rate hike timing worries

US stocks were weaker in early afternoon trading on Monday as investors weighed the prospect of the Federal Reserve raising interest rates as soon as September, after Friday's strong jobs report. The declines follow three straight weeks of losses, with th

Published 09 Jun, 2015 12:00am

Taiwan stocks fall

Taiwan stocks dropped 0.58 percent on Monday, dragged by struggling smartphone brand HTC Corp, which plummeted on poor quarterly outlook. As of 0140 GMT, the main TAIEX index was down 53.91 points at 9283.46, after closing flat on Friday. The electronics

Published 09 Jun, 2015 12:00am

Tokyo stocks lower

Upbeat Japanese growth data failed to drive Tokyo stocks higher on Monday with the benchmark index slipping into negative territory by the close. The Nikkei 225 index at the Tokyo Stock Exchange edged down 3.71 points to finish at 20,457.19, while the Top

Published 09 Jun, 2015 12:00am

Indian shares fall

Indian shares fell to close at their lowest level this year on Monday as worries about weaker-than-average monsoon and foreign selling continued to hit bluechips such as Housing Development Finance Corp. The benchmark BSE index fell 0.92 percent to 26,523

Published 09 Jun, 2015 12:00am

Currency

Dollar shines in Asia

The dollar held firm near 13-year highs against the yen in Asia on Monday after much better-than-expected US employment data bolstered expectations for an interest rate hike by the Federal Reserve before the year-end. US nonfarm payrolls jumped 280,000 la

Published 09 Jun, 2015 12:00am

Currency

Aussie, kiwi pressured after US jobs

The Australian and New Zealand dollars were pressured against the US dollar on Monday after strong US jobs data bolstered expectations for a US interest rate rise before year-end. The gathering evidence for the Federal Reserve to start tightening policy c

Published 09 Jun, 2015 12:00am

FTSE edges lower at close, Diageo surges

Britain's top share index edged lower and finished near the previous session's two-week low, with sharp gains in Diageo on a reported takeover interest offset by weaker firms like Shire and GKN Diageo, the world's largest producer of spirits, jumped 6.8 p

Published 09 Jun, 2015 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 1	278.97
USD PKR Interbank Buying / Jan 1	278.77
USD to Japanese Yen / Jan 1	156.44
USD to Swiss Franc / Jan 1	0.91
Pound Sterling to USD / Jan 1	1.22
Euro to USD / Jan 1	1.03

Stock	Volume
S&P 500 / Jan 1	5,958.20
India Sensex / Jan 1	76,724.08
Tokyo Nikkei / Jan 1	38,444.58
Nasdaq / Jan 1	19,540.25
Hang Seng / Jan 1	19,286.07
FTSE 100 / Jan 1	8,301.13
Dow Jones / Jan 1	42,289.91
Germany DAX 30 / Jan 1	20,574.68
France CAC40 / Jan 1	7,474.59

Item	Value
Petrol/Litre / Jan 1	252.66
Crude Oil USD/Barrel / Jan 1	80.53
Karachi Cotton PKR/37.32 KG / Jan 1	18,785
Gold Spot USD/Ounce / Jan 1	2,720.20
Diesel/Litre / Jan 1	258.34
Cotton US¢/pound / Jan 1	67.77

Gainers
Losers
Leaders

Stock	Price
Mughal Iron & Steel (R) / Mar 27 Mughal Iron & Steel Industries Limited (R)(MUGHALR2)	4.01 ▲ 1 (33.22%)
Parmount Sp. / Mar 27 Paramount Spinning Mills Limited(PASM)	4.10 ▲ 0.59 (16.81%)
Shaheen Ins. / Mar 27 Shaheen Insurance Company Limited(SHNI)	7.50 ▲ 0.97 (14.85%)
Popular Islamic / Mar 27 Popular Islamic Modaraba(PIM)	15.02 ▲ 1.37 (10.04%)
Diamond Ind. / Mar 27 Diamond Industries Limited(DIIL)	33.83 ▲ 3.08 (10.02%)
Sardar Chemical / Mar 27 Sardar Chemical Industries Limited(SARC)	35.95 ▲ 3.27 (10.01%)
J.K.Spinning / Mar 27 J.K. Spinning Mills Limited(JKSM)	69.58 ▲ 6.33 (10.01%)
Data Agro / Mar 27 Data Agro Limited(DAAG)	106.28 ▲ 9.66 (10%)
Leiner Pak Gelat / Mar 27 Leiner Pak Gelatine Limited(LPGL)	121.88 ▲ 11.08 (10%)
Allawasaya Tex / Mar 27 Allawasaya Tex. & Finishing Mills Ltd(AWTX)	1,429.95 ▲ 130 (10%)

Stock	Price
Arif Habib Corp / Mar 27 Arif Habib Corporation Limited(AHCL)	11.60 ▼ -98.09 (-89.42%)
Elahi Cot. / Mar 27 Elahi Cotton Mills Limited(ELCM)	135.93 ▼ -15.1 (-10%)
Khalid Siraj / Mar 27 Khalid Siraj Textile Mills Limited(KSTM)	8.03 ▼ -0.87 (-9.78%)
PIA Holding Co.B / Mar 27 PIA Holding Company Limited B(PIAHCLB)	874.01 ▼ -93.68 (-9.68%)
Saritow Spinning / Mar 27 Saritow Spinning Mills Limited(SSML)	18.90 ▼ -1.75 (-8.47%)
Cordoba Logistics / Mar 27 Cordoba Logistics & Ventures Limited(CLVL)	12.61 ▼ -1.15 (-8.36%)
Sally Textile / Mar 27 Sally Textile Mills Limited(SLYT)	11.01 ▼ -0.99 (-8.25%)
Masood Textile / Mar 27 Masood Textile Mills Limited(MSOT)	49.06 ▼ -4.27 (-8.01%)
Universal Ins. / Mar 27 The Universal Insurance Company Limited(UVIC)	9.57 ▼ -0.73 (-7.09%)
Al-Khair Gadoon / Mar 27 Al-Khair Gadoon Limited(AKGL)	42 ▼ -3.1 (-6.87%)

Stock	Volume
Cnergyico PK / Mar 27 Cnergyico PK Limited(CNERGY)	45,325,056 ▲ 0.31
Pak Elektron / Mar 27 Pak Elektron Limited(PAEL)	29,179,304 ▲ 0.67
P.S.O. / Mar 27 Pakistan State Oil Company Limited(PSO)	26,879,128 ▲ 1.58
Arif Habib Corp / Mar 27 Arif Habib Corporation Limited(AHCL)	20,499,919 ▼ -98.09
WorldCall Telecom / Mar 27 Worldcall Telecom Limited(WTL)	16,191,931 ▼ -0.03
B.O.Punjab / Mar 27 The Bank of Punjab(BOP)	16,148,304 ▼ -0.2
Pak Petroleum / Mar 27 Pakistan Petroleum Limited(PPL)	15,934,134 ▼ -1.85
Engro Fert. / Mar 27 Engro Fertilizers Limited(EFERT)	14,419,464 ▲ 0.5
Fauji Cement / Mar 27 Fauji Cement Company Limited(FCCL)	14,194,696 ▲ 0.53
Maple Leaf Cement / Mar 27 Maple Leaf Cement Factory Limited(MLCF)	11,282,647 ▲ 0.09

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