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Nov 22, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2015-08-17
Twitter lifts limits on direct messages between users

Twitter lifts limits on direct messages between users

Twitter lifted its character limit Wednesday for direct messages between users, saying it would help make the private side of Twitter "more powerful and fun." As a result, these private messages will no longer have the 140-character limit which applies to
Published 17 Aug, 2015 12:00am
Australian artist to connect 'ear' on arm to web

Australian artist to connect 'ear' on arm to web

An Australian artist and academic plans to connect an ear which he has been growing for years on his arm to the Internet so people can hear and track his movements. The project by a professor from Curtin University in Western Australia, known as Stelarc,
Published 17 Aug, 2015 12:00am
Recharging on the go: German expert has tips for buying a power bank

Recharging on the go: German expert has tips for buying a power bank

It's pretty annoying when your smartphone's battery dies during a long trip. One solution is to take a power bank, which is a kind of second battery able to refresh the smartphone while you're on the go. There are plenty of options on the market but there
Published 17 Aug, 2015 12:00am
Back to the future: Nokia prepares for mobile comeback

Back to the future: Nokia prepares for mobile comeback

Nokia is hiring software experts, testing new products and seeking sales partners as it plots its return to the mobile phone and consumer tech arena it abandoned with the sale of its handset business. Once the world's biggest maker of mobile phones, the F
Published 17 Aug, 2015 12:00am
China's Tsinghua to invest $4.7 billion in mobile chips-China Daily

China's Tsinghua to invest $4.7 billion in mobile chips-China Daily

China's Tsinghua Holdings plans to invest at least 30 billion yuan ($4.74 billion) in developing mobile chip technology to challenge industry leader Qualcomm Inc's market dominance, the China Daily newspaper reported on Wednesday. "To catch up with Qualco
Published 17 Aug, 2015 12:00am
Better to not connect game apps to social networks

Better to not connect game apps to social networks

When people have some extra time, they often play games on their smartphones. Most apps urge connecting the game to social networks to bring in friends for example. But the German web-safety initiative Schau Hin warns people against this, because the app
Published 17 Aug, 2015 12:00am
Mini-PCs a good alternative for office work, game players

Mini-PCs a good alternative for office work, game players

A mini-PC is a good alternative to a classical desktop computer if users only need it for office work and occasional game playing. The mini-PCs take up much less space and power. The German magazine PCgo reports that only older games with less complex gra
Published 17 Aug, 2015 12:00am
It's still worthwhile to buy computers with Windows 7 & 8.1

It's still worthwhile to buy computers with Windows 7 & 8.1

Even though Microsoft brought out Windows 10 in July, it is still worthwhile to buy computers that come out of the box with either of the two predecessor Windows operating systems. The German telecommunications portal teltarif.de says almost all Windows c
Published 17 Aug, 2015 12:00am
OMV eyes Russia for exploration boost: chief executive

OMV eyes Russia for exploration boost: chief executive

Austrian oil and gas group OMV's new chief executive is looking towards Russia for low-cost energy sources to boost the company's upstream business, which has been squeezed by low crude prices. Though OMV's downstream refining and marketing operations bol
Published 17 Aug, 2015 12:00am
Nomura cuts 60 fixed income jobs in London

Nomura cuts 60 fixed income jobs in London

Japanese bank Nomura Holdings Inc. is cutting about 60 jobs from its global markets business in London, many of them in fixed income, a source familiar with the matter said on August 10. The move follows a review of the division's management structure aga
Published 17 Aug, 2015 12:00am
Nomura cuts 60 fixed income jobs in London

Nomura cuts 60 fixed income jobs in London

Japanese bank Nomura Holdings Inc. is cutting about 60 jobs from its global markets business in London, many of them in fixed income, a source familiar with the matter said on August 10. The move follows a review of the division's management structure aga
Published 17 Aug, 2015 12:00am
Maersk to go for market share after profits beat forecasts
Currency

Maersk to go for market share after profits beat forecasts

A P Moller-Maersk plans to take action to defend and potentially expand its leading position in container shipping, sending a signal to rivals that it will become a more aggressive player in the market. The oil to shipping group's results on Auggust 13 sh
Published 17 Aug, 2015 12:00am
Maersk to go for market share after profits beat forecasts
Currency

Maersk to go for market share after profits beat forecasts

A P Moller-Maersk plans to take action to defend and potentially expand its leading position in container shipping, sending a signal to rivals that it will become a more aggressive player in the market. The oil to shipping group's results on Auggust 13 sh
Published 17 Aug, 2015 12:00am
Airbus consortium to develop next generation Ariane 6

Airbus consortium to develop next generation Ariane 6

The European Space Agency announced on August 12 that it has tapped Airbus Safran Launchers to build a new generation of rocket launcher by 2020 in a deal worth 2.4 billion euros ($2.7 billion). The Ariane 6 satellite-carrying rocket launcher is due to ta
Published 17 Aug, 2015 12:00am
Ford to start assembly in Nigeria, eyes West Africa

Ford to start assembly in Nigeria, eyes West Africa

Ford Motor Company will start assembling its best-selling Ford Ranger pickup truck in Nigeria by the fourth quarter, as it expands in Africa and the Middle East, the US automaker said on August 11.
Published 17 Aug, 2015 12:00am
Prudential profits up 17 percent

Prudential profits up 17 percent

Prudential posted a forecast-beating 17 percent rise in first-half operating profit on August 11, boosted by strong performances across its Asian, US and UK life and asset management businesses. In its first earnings update since Mike Wells took over as c
Published 17 Aug, 2015 12:00am
Prudential profits up 17 percent

Prudential profits up 17 percent

Prudential posted a forecast-beating 17 percent rise in first-half operating profit on August 11, boosted by strong performances across its Asian, US and UK life and asset management businesses. In its first earnings update since Mike Wells took over as c
Published 17 Aug, 2015 12:00am
Singtel first quarter profit rises 12.8 percent

Singtel first quarter profit rises 12.8 percent

Singapore Telecommunications Ltd reported a 12.8 percent rise in its first-quarter net profit, helped by improved performance in Australia and contributions from its regional mobile associates. Southeast Asia's largest telecommunications operator, posted
Published 17 Aug, 2015 12:00am
Singtel first quarter profit rises 12.8 percent

Singtel first quarter profit rises 12.8 percent

Singapore Telecommunications Ltd reported a 12.8 percent rise in its first-quarter net profit, helped by improved performance in Australia and contributions from its regional mobile associates. Southeast Asia's largest telecommunications operator, posted
Published 17 Aug, 2015 12:00am
Sumitomo Life to buy US insurer Symetra for $3.8 billion

Sumitomo Life to buy US insurer Symetra for $3.8 billion

Japan's Sumitomo Life has agreed to buy US insurer Symetra Financial Corp for about $3.8 billion, the latest multi-billion deal in the world's largest insurance market by acquisitive Japanese companies. Japan's life insurance market, the world's second-la
Published 17 Aug, 2015 12:00am
China's currency move could help it join IMF's elite forex club
Currency

China's currency move could help it join IMF's elite forex club

China's move to revamp its currency regime this week may help the yuan earn a place in the small group of currencies the International Monetary Fund uses as a global benchmark, despite concerns the policy change could begin a round of competitive devaluat
Published 17 Aug, 2015 12:00am
Tokyo investors to focus on Japan GDP figures next week
Currency

Tokyo investors to focus on Japan GDP figures next week

Tokyo equity investors will focus on what are expected to be downbeat Japanese GDP figures next week, on the back of fears about China's economy after a series of yuan devaluations. On Monday, official growth data for three months to June will be publishe
Published 17 Aug, 2015 12:00am
Tokyo investors to focus on Japan GDP figures next week
Currency

Tokyo investors to focus on Japan GDP figures next week

Tokyo equity investors will focus on what are expected to be downbeat Japanese GDP figures next week, on the back of fears about China's economy after a series of yuan devaluations. On Monday, official growth data for three months to June will be publishe
Published 17 Aug, 2015 12:00am
Euro a clear winner from Chinese devaluation
Currency

Euro a clear winner from Chinese devaluation

A devaluation of the Chinese yuan and a sell-off in emerging market currencies is making investors re-evaluate whether they should still borrow euros at low interest rates and invest them in other assets for higher returns.
Published 17 Aug, 2015 12:00am
Qatar given weightings lift as markets fall on oil weakness

Qatar given weightings lift as markets fall on oil weakness

Equity markets across the Middle East fell on Sunday as weak oil prices depressed investor sentiment, though the Doha bourse did better than others after index compiler MSCI increased Qatar's weighting in its emerging markets index. Saudi Arabia's main in
Published 17 Aug, 2015 12:00am
Yuan slide seen adding to StanChart's Asian challenges
Currency

Yuan slide seen adding to StanChart's Asian challenges

Already faced with a battle to revive the fortunes of banking group Standard Chartered , new Chief Executive Bill Winters is now confronted with another challenge in the shape of China's yuan devaluation. Just over a week after Winters outlined his plans
Published 17 Aug, 2015 12:00am
Top wealth fund says half its stock trades now outside exchanges

Top wealth fund says half its stock trades now outside exchanges

Up to half of all shares traded by the world's largest sovereign wealth fund are bought and sold outside of stock markets in a bid to cut transaction costs, a fivefold rise since 2010, a senior executive at Norges Bank Investment Management (NBIM) said.
Published 17 Aug, 2015 12:00am
Top wealth fund says half its stock trades now outside exchanges

Top wealth fund says half its stock trades now outside exchanges

Up to half of all shares traded by the world's largest sovereign wealth fund are bought and sold outside of stock markets in a bid to cut transaction costs, a fivefold rise since 2010, a senior executive at Norges Bank Investment Management (NBIM) said.
Published 17 Aug, 2015 12:00am
Activist hedge fund ValueAct takes stake in AmEx

Activist hedge fund ValueAct takes stake in AmEx

Activist hedge fund ValueAct Capital Management LP has taken a stake in credit card issuer American Express Co, which is struggling with the loss of several co-branded tie-ups amid intense competition. The company's shares jumped as much as 7 percent to $
Published 17 Aug, 2015 12:00am
Activist hedge fund ValueAct takes stake in AmEx

Activist hedge fund ValueAct takes stake in AmEx

Activist hedge fund ValueAct Capital Management LP has taken a stake in credit card issuer American Express Co, which is struggling with the loss of several co-branded tie-ups amid intense competition. The company's shares jumped as much as 7 percent to $
Published 17 Aug, 2015 12:00am
Data storage company Pure Storage files for IPO

Data storage company Pure Storage files for IPO

Pure Storage Inc filed with US regulators for an initial public offering of common stock, a year after a private placement valued the data storage company at more than $3 billion.
Published 17 Aug, 2015 12:00am
Data storage company Pure Storage files for IPO

Data storage company Pure Storage files for IPO

Pure Storage Inc filed with US regulators for an initial public offering of common stock, a year after a private placement valued the data storage company at more than $3 billion.
Published 17 Aug, 2015 12:00am
Two men killed in ultralight plane crash near Tokyo

Two men killed in ultralight plane crash near Tokyo

Two men believed to have been a pilot and his passenger were killed after an ultralight plane crashed into a golf course north-east of Tokyo, police said Sunday. The two-seater plane went missing Saturday after it took off from an airfield in Ibaraki pref
Published 17 Aug, 2015 12:00am
Germany to pull Patriot missiles from Turkey by early next year

Germany to pull Patriot missiles from Turkey by early next year

Germany will pull two Patriot missile batteries and 250 troops from southern Turkey by the start of next year after a reassessment of the threats stemming from the conflict in neighbouring Syria. Defence Minister Ursula von der Leyen announced at the week
Published 17 Aug, 2015 12:00am
Cuba's top diplomat for US sees long road to normal ties

Cuba's top diplomat for US sees long road to normal ties

Josefina Vidal receives a check from the United States for $4,085 once a year, rent money for the U.S. naval base at Cuba's Guantanamo Bay. But Cuba's government refuses to cash the checks, made out to a non-existent Treasurer, because it sees the U.S. oc
Published 17 Aug, 2015 12:00am
US to withdraw Patriot missiles from Turkey in October

US to withdraw Patriot missiles from Turkey in October

Turkey and United States said on Sunday that Washington would withdraw its Patriot missile batteries from the country in October after bolstering Ankara's air defences against threats from Syria's civil war.
Published 17 Aug, 2015 12:00am
Arab League to meet on confronting IS in Libya

Arab League to meet on confronting IS in Libya

The Arab League will hold an extraordinary meeting Tuesday to discuss a Libyan request for Arab countries to take action against the Islamic State group in Sirte, a diplomat said Sunday. The internationally recognised Libyan government based in the countr
Published 17 Aug, 2015 12:00am
Libya calls for Arab air strikes on IS in Sirte

Libya calls for Arab air strikes on IS in Sirte

Libya's internationally recognised government has called on Arab countries to bomb Islamic State group targets in Sirte, after warnings of a "massacre" in the coastal city. "We urge fellow Arab countries... to launch air strikes on Daesh terrorist group p
Published 17 Aug, 2015 12:00am
'Hundreds of tonnes' of cyanide at China blasts site

'Hundreds of tonnes' of cyanide at China blasts site

Hundreds of tonnes of highly poisonous cyanide were being stored at the warehouse devastated by two giant explosions in the Chinese port city of Tianjin which killed 112, a senior military officer said Sunday. The comments by Shi Luze, chief of the genera
Published 17 Aug, 2015 12:00am
Greek migrant hotel where no one wants to stay

Greek migrant hotel where no one wants to stay

The carcass of an abandoned hotel on the Greek island of Kos has become a grim shelter for scores of migrants fleeing war and poverty as Europe faces its worst refugee crisis in decades. Dozens of people sit around the empty swimming pool, others lie on m
Published 17 Aug, 2015 12:00am
Burundi crisis poses 'catastrophic' risk for region: AU

Burundi crisis poses 'catastrophic' risk for region: AU

The African Union warned Sunday of potential "catastrophic consequences" for troubled Burundi and the wider region if rivals do not resolve political differences peacefully. One day after the former head of Burundi's army during its 13-year civil war was
Published 17 Aug, 2015 12:00am
Indian premier discusses co-operation with UAE

Indian premier discusses co-operation with UAE

Prime Minister Narendra Modi held talks Sunday with Abu Dhabi's crown prince on bolstering co-operation with the United Arab Emirates at the start of a two-day visit, state media said. Modi is the first Indian premier to visit the UAE in more than three d
Published 17 Aug, 2015 12:00am
7 FATA contractors held for getting fake advances

7 FATA contractors held for getting fake advances

On the directives of the Khyber Pakhtunkhwa Governor Sardar Mahtab Ahmed Khan a crackdown has been launched against those contractors and government officers who were involved in getting fake advance payments worth millions of rupees in connection with di
Published 17 Aug, 2015 12:00am
KP Police: Aitebaar arranges psycho-social first-aid training

KP Police: Aitebaar arranges psycho-social first-aid training

Three-day training on psycho-social first aid was given to KP Police to impart them with essential skills required to deal effectively with psychologically stressed complainants. The training was attended by 30 police officers from Peshawar, Mardan, Chars
Published 17 Aug, 2015 12:00am
Complaint Cell materializes PTI slogan of change: Dilroz

Complaint Cell materializes PTI slogan of change: Dilroz

The Chief Minister's Complaints and Redressal Cell established at the Chief Minister's Secretariat has emerged as blessing and materialisation of the slogan of change for the people of Khyber Pakhtunkhwa as dozens of complaints are pouring it on daily bas
Published 17 Aug, 2015 12:00am
Sarwar meets position holder

Sarwar meets position holder

Pakistan Tehreek-e-Insaf Punjab Organiser Chaudhary Mohammad Sarwar on Sunday met with Ali Hamza who achieved a second position in matriculation in Daska. Ali managed his study by managing a fruit stall. Sarwar announced an award of £5000 and the title of
Published 17 Aug, 2015 12:00am
All rivers in Punjab flowing normally

All rivers in Punjab flowing normally

All rivers in Punjab are flowing normally and the flood-affected people have started returning to their homes from the relief camps. PDMA Director General Jawad Akram said on Sunday that a vigilant eye was being kept on the flow of water in nullahs and ri
Published 17 Aug, 2015 12:00am
APTMA criticises ministry for showing complacency

APTMA criticises ministry for showing complacency

All Pakistan Textile Mills Association spokesman here on Sunday, has lamented over the carefree attitude of the Ministry of Water and Power, which has been ignoring the ground realities and ultimately destroying the textile industry as the largest employe
Published 17 Aug, 2015 12:00am
Muhammad Akram nominated member FPCCI body

Muhammad Akram nominated member FPCCI body

Mian Muhammad Adrees, President, Federation of Pakistan Chambers of Commerce and Industry (FPCCI), has nominated Muhammad Akram Khan of Grace Travels as member of the FPCCI Standing Committee on Aviation for the year 2015. Reposing full confidence in the
Published 17 Aug, 2015 12:00am
Asif condemns Attock blast

Asif condemns Attock blast

Defence Minister Khawaja Muhammad Asif on Sunday strongly condemned the terrorist blast at the Dera of Punjab Home Minister Shuja Khanzada in his native village Shadi Khan district Attock and termed it a naked aggression against mankind. The terrorists ha
Published 17 Aug, 2015 12:00am
Imran pays tribute to Shuja Khanzada

Imran pays tribute to Shuja Khanzada

Chief of Pakistan Tehreek-e-Insaf (PTI) paid rich tributes to martyred Punjab Home Minister Shuja Khanzada and announced that PTI will not put candidate for by-election in the constituency fallen vacant due to his death. Imran strongly condemned the attac
Published 17 Aug, 2015 12:00am
South Korean Ambassador for further cementing agri-trade ties

South Korean Ambassador for further cementing agri-trade ties

Korean Ambassador Dr Song Jong-hwan has called for further cementing agricultural, trade and academia ties between Pakistan and Korea to create new business and investment opportunities and to get benefit from each other experiences.
Published 17 Aug, 2015 12:00am
Airports: Ombudsman for providing E-gate immigration facility

Airports: Ombudsman for providing E-gate immigration facility

The Federal Ombudsman Secretariat has asked the agencies concerned to start work on providing Electronic-gate (E-gate) immigration process at departure and arrival counters of major airports to ensure quick immigration process for passengers.
Published 17 Aug, 2015 12:00am
Martyrdom of Shuja: country has lost patriotic Pakistani: Shahbaz

Martyrdom of Shuja: country has lost patriotic Pakistani: Shahbaz

Punjab Chief Minister Muhammad Shehbaz Sharif has described the martyrdom of Provincial Minister for Home, Col. Shuja Khanzada (retd) in a blast in Attock a tragedy and said that the country has lost a patriotic Pakistani. In a statement here Sunday, Chie
Published 17 Aug, 2015 12:00am
MCCI chief endorses proposal of fix tax scheme

MCCI chief endorses proposal of fix tax scheme

The business community of south Punjab has endorsed the proposal of fix tax scheme for traders and businessmen operating in commercial markets to improve documentation of the economy and add to revenue collection from traders' community.
Published 17 Aug, 2015 12:00am
Online system being introduced for renewal of passports

Online system being introduced for renewal of passports

New online system is being introduced for the renewal of expired passports. It will not only facilitate the passport holders seeking renewal of the travelling documents but also lessen burden on the passport offices across the country, said Rana Yasir Ass
Published 17 Aug, 2015 12:00am
Country's exports didn't dwindle overnight: PEW

Country's exports didn't dwindle overnight: PEW

The Pakistan Economy Watch (PEW) has said that Pakistani exports have not decreased overnight and expanded trade gap. Favouritism, appointments in violation of merit and misuse of export incentives are to blame for the situation. It said the situation wil
Published 17 Aug, 2015 12:00am
FCCI's professional research based efforts lauded

FCCI's professional research based efforts lauded

Faisalabad Chamber of Commerce and Industry (FCCI) should continue it's committed, dedicated, and professional research based efforts to facilitate its members by adding more and more facilities under its umbrella, said Mian Muhammad Adrees President Fede
Published 17 Aug, 2015 12:00am
Altaf terms death of Shuja 'national tragedy'

Altaf terms death of Shuja 'national tragedy'

While expressing deep grief and sorrow over the death of Punjab Home Minister, Colonel Shuja Khanzada (retd) in suicide blasts in village Shadi Khan of Attock, Muttahida Qaumi Movement (MQM) chief Altaf Hussain has termed it as a "National tragedy".
Published 17 Aug, 2015 12:00am
Government, SBP lauded for increasing agriculture financing

Government, SBP lauded for increasing agriculture financing

Chairman of the United International Group Mian Shahid on Sunday lauded the Government and the State Bank of Pakistan for record agricultural financing this year which will benefit the most important sector of the national economy. He said the share of ag
Published 17 Aug, 2015 12:00am
Seeking resignation from Gabol MQM's grave blunder: Hashmi

Seeking resignation from Gabol MQM's grave blunder: Hashmi

Senior politician Makhdoom Javed Hashmi has revealed that seeking resignation from Nabil Gabol from MNA slot was a political blunder that was a threshold of developing political crises in the country and finally MQM legislators submitted resignations in a
Published 17 Aug, 2015 12:00am
Bridegroom, child die after consuming poisonous drinks

Bridegroom, child die after consuming poisonous drinks

At least two persons including a bridegroom died and 40 others among them women and children fell unconscious after taking poisonous soft drinks in a wedding ceremony in Wadh area of the district on Sunday. According to Levies sources, the bridegroom name
Published 17 Aug, 2015 12:00am
No danger of flood in Sindh: PDMA

No danger of flood in Sindh: PDMA

The Provincial Disaster Management Authority (PDMA), Sindh, has said that there is no danger of flood in the province. In a statement issued here on Sunday, it said that water level at Guddu and Sukkur barrages is receding constantly whereas it is increas
Published 17 Aug, 2015 12:00am
PML-N leading in NA-19 by-election with big margin

PML-N leading in NA-19 by-election with big margin

Pakistan Tehreek-e-Insaf (PTI) dreams of winning NA-19 (Haripur) by-elections were shattered as according to unofficial results, PML-N candidate Babar Nawaz Khan is leading with 63224 votes followed by PTI candidate Raja Aamir Zaman with 3218 votes.
Published 17 Aug, 2015 12:00am
Funeral prayer of Hameed Gul offered

Funeral prayer of Hameed Gul offered

Funeral prayer of former Director General (DG) Inter-Services Intelligence (ISI) Lt Gen Hameed Gul (R) was offered on Sunday. Important personalities including Chief of Army Staff (COAS) General Raheel Sharif also attended the funeral prayer. Hameed Gul h
Published 17 Aug, 2015 12:00am
India summons Pakistan HC

India summons Pakistan HC

India summoned Pakistan's envoy in New Delhi Sunday to protest against the weekend killing of at least half a dozen civilians in border firings, hiking tensions ahead of talks between the rivals. Six civilians died on the weekend in troubled Indian held K
Published 17 Aug, 2015 12:00am
India summons Pakistan HC

India summons Pakistan HC

India summoned Pakistan's envoy in New Delhi Sunday to protest against the weekend killing of at least half a dozen civilians in border firings, hiking tensions ahead of talks between the rivals. Six civilians died on the weekend in troubled Indian held K
Published 17 Aug, 2015 12:00am
Air strikes kill 40 militants in NW

Air strikes kill 40 militants in NW

Air strikes Sunday killed 40 suspected militants in north-west near the Afghan border as part of a major operation against the Taliban and other insurgents, the military said.
Published 17 Aug, 2015 12:00am
Air strikes kill 40 militants in NW

Air strikes kill 40 militants in NW

Air strikes Sunday killed 40 suspected militants in north-west near the Afghan border as part of a major operation against the Taliban and other insurgents, the military said.
Published 17 Aug, 2015 12:00am
Attock, adjoining areas: massive operation planned

Attock, adjoining areas: massive operation planned

Security agencies and anti terrorism department Punjab have decided to launch a major clean up operation in Attock, Hazro, Hassanabdal and adjoining areas. Reports said that the decision of a massive operation was taken immediately after the suicide attac
Published 17 Aug, 2015 12:00am
Attock, adjoining areas: massive operation planned

Attock, adjoining areas: massive operation planned

Security agencies and anti terrorism department Punjab have decided to launch a major clean up operation in Attock, Hazro, Hassanabdal and adjoining areas. Reports said that the decision of a massive operation was taken immediately after the suicide attac
Published 17 Aug, 2015 12:00am
Clinton emails should also be reviewed by inspector general

Clinton emails should also be reviewed by inspector general

Hillary Clinton's private email server should be examined by the U.S. intelligence watchdog after the FBI finishes reviewing any classified information on it, a Republican lawmaker said on Sunday. The FBI recently began looking into the security of federa
Published 17 Aug, 2015 12:00am
Three FC men martyred, two terrorists killed in Chaghi

Three FC men martyred, two terrorists killed in Chaghi

Three Frontier Corps (FC) men were martyred and two terrorists killed in clash between security forces and militants here on Sunday. Spokesman of FC said that terrorists attacked the paramilitary troops in Qilla Kurd of district Chaghi in Balochistan. Thr
Published 17 Aug, 2015 12:00am
Eight killed in renewed firing along LoC

Eight killed in renewed firing along LoC

Indian and Pakistani troops intensified firing along Line of Control, killing at least eight people and wounding 14, officials said on Sunday. Frontier clashes have intensified in recent months and the latest violence will put more strain on ties between
Published 17 Aug, 2015 12:00am
Eight killed in renewed firing along LoC

Eight killed in renewed firing along LoC

Indian and Pakistani troops intensified firing along Line of Control, killing at least eight people and wounding 14, officials said on Sunday. Frontier clashes have intensified in recent months and the latest violence will put more strain on ties between
Published 17 Aug, 2015 12:00am
THE RUPEE: cautious tone
Currency

THE RUPEE: cautious tone

The rupee almost managed to sustain it's levels versus the dollar on the local currency market during the shortened week due to Independence Day. In the interbank market, the rupee did not depict sharp change against the dollar for buying and selling at R
Published 17 Aug, 2015 12:00am
THE RUPEE: cautious tone
Currency

THE RUPEE: cautious tone

The rupee almost managed to sustain it's levels versus the dollar on the local currency market during the shortened week due to Independence Day. In the interbank market, the rupee did not depict sharp change against the dollar for buying and selling at R
Published 17 Aug, 2015 12:00am
Plane with 54 on board crashes in remote Indonesian region

Plane with 54 on board crashes in remote Indonesian region

An aircraft with 54 people on board crashed in Indonesia's remote and mountainous region of Papua on Sunday, a government official said, the latest in a string of aviation disasters in the Southeast Asian nation.
Published 17 Aug, 2015 12:00am
Plane with 54 on board crashes in remote Indonesian region

Plane with 54 on board crashes in remote Indonesian region

An aircraft with 54 people on board crashed in Indonesia's remote and mountainous region of Papua on Sunday, a government official said, the latest in a string of aviation disasters in the Southeast Asian nation.
Published 17 Aug, 2015 12:00am
Futures spreads up by 305 basis points

Futures spreads up by 305 basis points

The futures spreads grew by 305 basis points to 13.84 percent during the week that ended on August 13. The week under review saw trading turnover averaging 5.5 percent lower on 28.36 million shares while the average daily traded value shed 12.9 percent to
Published 17 Aug, 2015 12:00am
Futures spreads up by 305 basis points

Futures spreads up by 305 basis points

The futures spreads grew by 305 basis points to 13.84 percent during the week that ended on August 13. The week under review saw trading turnover averaging 5.5 percent lower on 28.36 million shares while the average daily traded value shed 12.9 percent to
Published 17 Aug, 2015 12:00am
Futures spreads up by 305 basis points

Futures spreads up by 305 basis points

The futures spreads grew by 305 basis points to 13.84 percent during the week that ended on August 13. The week under review saw trading turnover averaging 5.5 percent lower on 28.36 million shares while the average daily traded value shed 12.9 percent to
Published 17 Aug, 2015 12:00am
Futures spreads up by 305 basis points

Futures spreads up by 305 basis points

The futures spreads grew by 305 basis points to 13.84 percent during the week that ended on August 13. The week under review saw trading turnover averaging 5.5 percent lower on 28.36 million shares while the average daily traded value shed 12.9 percent to
Published 17 Aug, 2015 12:00am
Volatility witnessed
Mutual Funds

Volatility witnessed

A volatile Karachi stocks market remained range bound last week primarily because of what analysts said political uncertainty in the country. During the week that ended on August 13, the KSE-100 index lost what market observers said a marginal 0.8 percent
Published 17 Aug, 2015 12:00am
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