News Archives for Print - 2015-11-02

Aaj TV - Monday's schedule

All timings are in PST (Pakistan Standard Time).

Published 02 Nov, 2015 12:00am

Forces kill six terrorists in Kalat

At least six terrorists of a banned outfit were killed during an operation conducted by the security forces in Kalat's Johan area on Sunday. According to a statement issued by the Frontier Corps Spokesman, the Frontier Corps (FC) and Intelligence Agencies

Published 02 Nov, 2015 12:00am

Electronic surveillance to add to Islamabad's security

An electronic gaze via nearly 2,000 high-definition surveillance cameras dotted along the length and breadth of Islamabad will watch over every movement of criminals of all hues, from a dangerous terrorist to a petty car lifter, by the year-end.

Published 02 Nov, 2015 12:00am

LG polls in Sindh: PPP further consolidates its position

The Pakistan Peoples Party (PPP) has further consolidated its lead in the local government (LG) elections in Sindh. In the first phase, the Election Commission of Pakistan (ECP) held LG polls on October 31. In Sindh, these elections were held in eight dis

Published 02 Nov, 2015 12:00am

Daraza Sharif incident: Sindh government to hold judicial inquiry

Sindh Minister for Information and Education Minister Nisar Khuhro has said that the Sindh government has decided to conduct a judicial inquiry into Daraza Sharif incident which claimed 12 lives on polling day. He said that the Sindh government has writte

Published 02 Nov, 2015 12:00am

Senior ANP leader Afzal Khan Lala passes away

Senior ANP leader and former federal minister Mohammad Afzal Khan Lala (Timgha-e-Shujaat) passed away due to protected illness in Islamabad on Sunday. He was 90. Due to ailment, he was shifted to Combined Military Hospital (CMH) by a navy aeroplane to the

Published 02 Nov, 2015 12:00am

18 Indian fishermen arrested

Pakistani marine forces have arrested 18 Indian fishermen for violating territorial waters in the Arabian Sea, police said Sunday. Pakistan's Maritime Security Agency (MSA) detained the fishermen after they entered into Pakistani waters and they were hand

Published 02 Nov, 2015 12:00am

Suspect killed in 'encounter', four bodies recovered

Police on Sunday claimed to have killed an alleged target killer and arrested his accomplice in an `encounter' in Gulistan-e-Jauhar. Giving details of the`encounter, police said that two persons attacked a police party in Gulistan-e-Jauhar in the wee hou

Published 02 Nov, 2015 12:00am

We've limited capacity when it comes to setting up an industrial estate - Chairman PIEDMC

Punjab Industrial Estates Development and Management Company (PIEDMC) is an important initiative of the Government of Punjab with an objective of Public-Private partnership to achieve orderly, planned and balanced industrialisation in the province. S. M.

Published 02 Nov, 2015 12:00am

We've limited capacity when it comes to setting up an industrial estate - Chairman PIEDMC

Punjab Industrial Estates Development and Management Company (PIEDMC) is an important initiative of the Government of Punjab with an objective of Public-Private partnership to achieve orderly, planned and balanced industrialisation in the province. S. M.

Published 02 Nov, 2015 12:00am

Imran, Reham part their ways

Criticising the media hype, a commentator on social media questioned whether the Imran Khan-Reham Khan divorce has repercussions on country's economy, foreign relations, domestic affairs and the lives of 200 million people.

Published 02 Nov, 2015 12:00am

Renewables key in race against climate change clock

Any plausible game plan for capping the rise of Earth's surface temperature depends on replacing fossil fuels with energy sources that generate little or no carbon pollution.

Published 02 Nov, 2015 12:00am

Palm oil demand fuelling Indonesian forest fires

Haze in South-East Asia has become an annual problem, affecting the health of hundreds of thousands of people and costing billions of dollars in damages. Can anything be done to stop it?

Published 02 Nov, 2015 12:00am

Recent events: Some thoughts

The week past was witness to three major occurrences that may have prompted a revisit of our earlier perceptions of performance of the Sharif administration, the establishment and the much respected Edhi Foundation. The events include an assessment of the

Published 02 Nov, 2015 12:00am

Pressure on N-programme

During his recent visit to Washington Prime Minister Nawaz Sharif did not cut any nuclear deal with the host government, but the issue did come under discussion in his meeting with President Barack Obama. They "discussed the continuing threat of nuclear t

Published 02 Nov, 2015 12:00am

WTO's TFA

The World Trade Organization's (WTO) Trade Facilitation Agreement (TFA) struck at a ministerial conference in Bali in December 2013 to open trade and investment on a global scale has made a reasonable progress so far. As against the understanding that the

Published 02 Nov, 2015 12:00am

'Eunuchs have full right of inheritance'

The eunuchs, long deprived of their rights, have full and complete protection of inheritance under the Constitutional provisions and they may access Human Rights Wing's helpline for guidance and advocacy in this regard. Special Secretary Ministry of Law J

Published 02 Nov, 2015 12:00am

Bilawal felicitates party candidates over victory in LB polls

Chairman Pakistan People's Party (PPP) Bilawal Bhutto Zardari has congratulated party candidates who won in the first phase of Local Bodies elections in 20 districts of Sindh and Punjab and sent clear and resounding message across the country that PPP is

Published 02 Nov, 2015 12:00am

Zardari commends winners of LB polls

Former President Asif Ali Zardari has felicitated all those who have won in the first phase of local bodies elections in Sindh and Punjab calling it as an important, indeed indispensable, step forward towards empowering the people at the grass root level.

Published 02 Nov, 2015 12:00am

LG polls in Islamabad: ECP starts scrutiny of nomination papers

Election Commission of Pakistan (EC) has started scrutiny of nomination papers filed by candidates intending to contest the maiden local governments elections scheduled to be held in federal capital on November 30.

Published 02 Nov, 2015 12:00am

275 campus schools established in Sindh

Some 275`campus schools' have been established in Sindh as part of the move to reform education and help improve academic standard. This was informed by an official of the Sindh Education Department here on Sunday. It was pointed out that such campuses ha

Published 02 Nov, 2015 12:00am

4500 candidates appeared in UOP entry test

4500 candidates appeared in the entry test of University of Peshawar for admission to the Master Degree program held at four centres under the National Testing Service, here on Sunday. The candidates appeared for admission against approximately 2200 alloc

Published 02 Nov, 2015 12:00am

Two Village Council Nazims join PTI

Two Village Council Nazims of Union Council Aza Khail PK-10 along with their elected councillors joined the PTI here on Sunday. They made this announcement at a function held at PK-10. Khyber Pakhtunkhwa Minister for Public Health Engineering Shah Farman

Published 02 Nov, 2015 12:00am

Fafen says 2013 elections repeated in LG polls

The Free and Fair Election Network (Fafen) on Sunday said that the same shortcomings and irregularities were repeated in Saturday's first phase of local government elections in Sindh and Punjab which surfaced in the 2013 general elections.

Published 02 Nov, 2015 12:00am

Old Rawalpindi city areas: motorists, pedestrians irked by encroachments

Massive traffic jams in the old Rawalpindi city areas have become a routine where the motorists are made hostage for hours. People who pass through these areas on daily basis blamed the municipal authorities for their inaction against encroachments and p

Published 02 Nov, 2015 12:00am

Professor Atta to inaugurate: UN conference in Bangkok

Professor Atta-ur-Rahman, an eminent Pakistani scientist and former federal minister of Science and Technology, will inaugurate the United Nations international conference on "Harnessing Science, Technology and Innovation (STI) for Sustainable Development

Published 02 Nov, 2015 12:00am

Admission test of Visual Studies at KU held

The test for admission to the Department of Visual Studies, University of Karachi was held on Sunday. An official of the University said that 984 forms were submitted for 105 seats and 937 students participated in the admission test.

Published 02 Nov, 2015 12:00am

Burj Bank Limited: Looking better!

Despite the revenue pressure being faced by the Banking Industry, Burj Bank Limited has had a fairly steady run through the first nine months of 2015 as compared to the previous year. The Bank has made strategic efforts to reduce the cost of fund, enhance

Published 02 Nov, 2015 12:00am

Pakistan-Japan joint business & government dialogue on November 10

Pakistan Japan Business Forum and their counterpart in Japan, Japan Pakistan Business Co-operation Committee (JPBCC) are jointly holding their 7th Joint Business Dialogue in Islamabad on 10th November, 2015.

Published 02 Nov, 2015 12:00am

Smartphone the centre of US tech universe: Survey

The smartphone is the tech story for Americans these days: most adults have one, and growth has overshadowed that of all other electronic gadgets. A Pew Research Center report released Thursday found 68 percent of Americans use a smartphone, compared with

Published 02 Nov, 2015 12:00am

Britain to unveil new online spying laws

Britain's government gave the first details Sunday of contested plans to update Internet spying laws to keep pace with the digital age. The proposed law comes as intelligence agencies and police grapple with monitoring terrorist activity online amid a deb

Published 02 Nov, 2015 12:00am

Despite update, Flash best deactivated, German government says

Weeks after Adobe's release of its latest Flash update, Germany's Federal Office for Information Security (BSI) is already advising users to either deactivate or uninstall the player and its browser plug-in until Adobe can fix a new security problem.

Published 02 Nov, 2015 12:00am

Kerb

Facebook's Zuckerberg in India to get 'next billion online'

Facebook chief executive and founder Mark Zuckerberg said Wednesday he believes India will be crucial to getting "the next billion online" and helping to alleviate poverty.

Published 02 Nov, 2015 12:00am

Little search sites can sometimes beat Google

Want to quickly find an Asian restaurant in the vicinity? Search online for the likely weather for your next holiday? Simple web searches like these rarely cause problems, but it can be a different story with complex searches or specialised themes.

Published 02 Nov, 2015 12:00am

iPhones sales fuel profit boost for Apple

Apple said Tuesday that surging iPhone sales helped propel a 31 percent rise in quarterly profits, as the tech giant delivered a record 48 million of the smartphones. Profits rose to $11.1 billion, while revenues jumped 22 percent from a year ago to $51.5

Published 02 Nov, 2015 12:00am

iPhones sales fuel profit boost for Apple

Apple said Tuesday that surging iPhone sales helped propel a 31 percent rise in quarterly profits, as the tech giant delivered a record 48 million of the smartphones. Profits rose to $11.1 billion, while revenues jumped 22 percent from a year ago to $51.5

Published 02 Nov, 2015 12:00am

Canadian ownership of tablets soars

Canadians are increasingly using tablet computers, with nearly half the population owning a device in 2014, up 10 points from the previous year, the government telecommunications agency said Tuesday. Combined with more subscriptions to faster Internet ser

Published 02 Nov, 2015 12:00am

Internet freedom falls for fifth year in row: Survey

Global online freedom declined for a fifth consecutive year as more governments stepped up electronic surveillance and clamped down on dissidents using blogs or social media, a survey showed Wednesday. The annual report by non-government watchdog Freedom

Published 02 Nov, 2015 12:00am

Yahoo's new app allows logging in without passwords

Yahoo has introduced a new system that allows users to log in to their own accounts with Yahoo's mobile app without entering a password. The new system only works for people who have a profile with the Account Key system and have installed the Yahoo Mail

Published 02 Nov, 2015 12:00am

No user account: Telephoning with Skype soon to require only invitation

The internet telephone and messaging service Skype has so far been limited to those with active Skype user accounts. But soon, non-members will be able to talk via Skype if they get an invitation from a registered user.

Published 02 Nov, 2015 12:00am

New camera lets driver keep tabs on children in back seat

Turning around is seldom a good option for a car driver who also has to keep an eye on children in the back seat. Thanks to a new camera system from Garmin, that problem can now largely be sidelined. The Babycam transmits live video from the back seat to

Published 02 Nov, 2015 12:00am

Russian search engine to use robots to write articles

Russia's leading Internet search engine Yandex said Monday it will launch an experimental "newswire of the future", using computer algorithms to churn out short articles on weather forecasts and traffic updates.

Published 02 Nov, 2015 12:00am

Goodyear revenue misses estimates due to a strong dollar

Goodyear Tire & Rubber Co, the largest US tire maker, reported a steeper-than-expected fall in quarterly revenue, hurt by a strong dollar. Sales at the Europe, Middle East and Africa (EMEA) region, the company's second-biggest market, fell nearly 18 perce

Published 02 Nov, 2015 12:00am

Goodyear revenue misses estimates due to a strong dollar

Goodyear Tire & Rubber Co, the largest US tire maker, reported a steeper-than-expected fall in quarterly revenue, hurt by a strong dollar. Sales at the Europe, Middle East and Africa (EMEA) region, the company's second-biggest market, fell nearly 18 perce

Published 02 Nov, 2015 12:00am

PayPal's China, Europe transaction volumes hit by strong dollar

Payment processor PayPal Holdings Inc, spun off from eBay Inc reported quarterly revenue slightly below analysts' expectations as a strong dollar hurt its transaction volumes in China and Europe.

Published 02 Nov, 2015 12:00am

Panasonic second quarter profit beats estimates, reassures on Tesla

Panasonic Corp's quarterly operating profit beat estimates, bolstered by strong sales of high-margin TVs, and it sought to reassure that its battery partnership with Tesla Motors was not threatened by rival LG Chem.

Published 02 Nov, 2015 12:00am

Panasonic second quarter profit beats estimates, reassures on Tesla

Panasonic Corp's quarterly operating profit beat estimates, bolstered by strong sales of high-margin TVs, and it sought to reassure that its battery partnership with Tesla Motors was not threatened by rival LG Chem.

Published 02 Nov, 2015 12:00am

Bunge quarterly income and revenue fall

Grain trader Bunge Ltd reported a lower quarterly profit on Thursday as weaker results in its sugar, fertiliser, and food and ingredients units overshadowed gains in the core agribusiness division. Bunge, a major player in South America, pointed to low su

Published 02 Nov, 2015 12:00am

Lufthansa ups profit guidance after strong summer

German airline Lufthansa lifted its profit target for 2015 on Thursday, after a strong summer and cheaper fuel costs but warned more of price pressure ahead and said action needed to be taken on costs. "We cannot expect to fly for too long with a tailwind

Published 02 Nov, 2015 12:00am

Goldcorp reports bigger loss on writedown, weaker prices

Goldcorp Inc, the world's biggest gold miner by market value, reported a bigger third-quarter loss and missed estimates, as an inventory writedown and declining bullion prices offset lower costs and a 42 percent jump in production.

Published 02 Nov, 2015 12:00am

Air China net profit jumps

Air China said on Thursday its net profit jumped 98.1 percent from a year earlier in the first nine months thanks to lower fuel price and robust travel demand. Air China made 6.28 billion yuan ($988.17 million) in January-September, in line with its own f

Published 02 Nov, 2015 12:00am

Russian stake in Euronews frozen over Yukos claims

A stake in broadcaster Euronews held by Russian state media giant VGTRK has been frozen due to claims against Moscow from shareholders of defunct oil firm Yukos, the media holding said Thursday.

Published 02 Nov, 2015 12:00am

Everton cut Sunderland down to earth

Ivorian forward Arouna Kone netted a clinical hat-trick as Everton cut Sunderland down to size with a swashbuckling 6-2 victory in the Premier League on Sunday. Sunderland had been buoyed by a 3-0 win over derby rivals Newcastle United in their previous f

Published 02 Nov, 2015 12:00am

Suarez, Neymar keep Barca on track, Madrid down Las Palmas

Barcelona kept pace with Real Madrid at the top of La Liga on Saturday as Luis Suarez and Neymar once again compensated for the absence of Lionel Messi with a goal apiece in a 2-0 win at Getafe. Madrid were comfortable 3-1 winners over Las Palmas thanks t

Published 02 Nov, 2015 12:00am

India, Pakistan must talk to revive cricket, says Gavaskar

Former batting great Sunil Gavaskar believes New Delhi and Islamabad must start a dialogue to pave the way for the revival of regular matches between India and Pakistan. Pakistan Cricket Board is awaiting a response from their counterparts - Board of Cont

Published 02 Nov, 2015 12:00am

Federer downs old foe Nadal to take Basel title

Roger Federer got the better of old foe Rafa Nadal for the first time in more than three years to win a seventh Basel title 6-3 5-7 6-3 on Sunday. Top seed Federer, whose rivalry with Nadal is one of the most storied in tennis history, had not beaten the

Published 02 Nov, 2015 12:00am

Biles wins gold on balance beam

American Simone Biles maintained her poise during a mesmerising balance beam display to win a third gold this week at the gymnastics world championships on Sunday. The triple all-around champion took her overall gold medal haul at the worlds to nine after

Published 02 Nov, 2015 12:00am

Pietersen scores 22 in South African debut

Controversial former England skipper Kevin Pietersen struck 22 runs in his South African Twenty20 Challenge debut for Dolphins at SuperSport Park in Centurion on Sunday. The 35-year-old South Africa-born right-handed batsman looked comfortable at the crea

Published 02 Nov, 2015 12:00am

Youngsters Pakistan's future: Waqar

Pakistan's head coach Waqar Younis Sunday stressed young players are key to his team's building for the future, with the Champions Trophy 2017 and World 2019 as prime targets. Pakistan are lying ninth in the one-day rankings and barely managed to qualify

Published 02 Nov, 2015 12:00am

Emotional Radwanska wins maiden WTA Finals title

An emotional Agnieszka Radwanska claimed her maiden WTA Finals title with a roller-coaster 6-2 4-6 6-3 victory over Petra Kvitova in an absorbing encounter at the Singapore Indoor Stadium on Sunday. Playing a first final in her seventh appearance at the s

Published 02 Nov, 2015 12:00am

Lehmann hopes to avenge Wallabies' defeat

Australia's head cricket coach Darren Lehmann hopes the test team can avenge the Wallabies' Rugby World Cup final defeat by the All Blacks with a victory in the series opener in Brisbane starting this week.

Published 02 Nov, 2015 12:00am

Stokes to undergo scans on injured shoulder

England allrounder Ben Stokes will only know whether he can take any further part in the third and final Test against Pakistan in Sharjah after scans on Monday on a suspected dislocated shoulder. Stokes, 24, fell on his shoulder while trying to take a dif

Published 02 Nov, 2015 12:00am

Anderson shines as Pakistan slump

Paceman James Anderson led England's efforts to level the series against Pakistan with four wickets on the opening day of the third and final Test in Sharjah on Sunday. After losing the second Test in Dubai, England were kept in the hunt by Anderson who t

Published 02 Nov, 2015 12:00am

Japan, Canada agree to promote Trans-Pacific Partnership

Japan's Prime Minister Shinzo Abe and Canada's prime minister-designate Justin Trudeau agreed to promote the Trans-Pacific Partnership (TPP), both seeing the free-trade deal as beneficial to the region, Japan's foreign ministry said in a statement.

Published 02 Nov, 2015 12:00am

Lufthansa cabin crew union says pay talks have failed

Talks between Lufthansa and its main cabin crew union have failed, the union said late on Saturday, raising the prospect of more strikes at the German carrier. Lufthansa is in talks with various staff groups as it seeks to cut costs in order to compete be

Published 02 Nov, 2015 12:00am

Currency

Saudi Arabia downgrade may contribute to Gulf debt repricing

A downgrade of Saudi Arabia's sovereign debt by Standard and Poor's at the weekend may contribute to a gradual repricing of the Gulf's international bonds to lower levels as they reflect risks created by low oil prices. S&P pointed to factors which could

Published 02 Nov, 2015 12:00am

Currency

Saudi Arabia downgrade may contribute to Gulf debt repricing

A downgrade of Saudi Arabia's sovereign debt by Standard and Poor's at the weekend may contribute to a gradual repricing of the Gulf's international bonds to lower levels as they reflect risks created by low oil prices. S&P pointed to factors which could

Published 02 Nov, 2015 12:00am

Tunisia aims for foreign investment jump with new law

Tunisia hopes to double annual inflows of foreign investment over the next five years by pushing through legal reforms and reducing industrial unrest, its investment minister said.

Published 02 Nov, 2015 12:00am

China's October factory, services surveys show economy still wobbly

Activity in China's manufacturing sector unexpectedly contracted in October for a third straight month, an official survey showed on Sunday, fuelling fears the economy may still be losing momentum in the fourth quarter despite a raft of stimulus measures.

Published 02 Nov, 2015 12:00am

Cotton

Uzbek leader welcomes Kerry to Silk Road citadel

US Secretary of State John Kerry brought his Central Asia diplomatic caravan to the Silk Road citadel of Samarkand on Sunday, where he was welcomed by a notorious strongman. President Islam Karimov, the 77-year-old autocrat who has ruled Uzbekistan for a

Published 02 Nov, 2015 12:00am

Emaar Properties third quarter net profit rises

Dubai's Emaar Properties, builder of the world's tallest tower, reported a 31 percent rise in third-quarter net profit on Sunday as revenue surged by an even faster rate. The developer, in which Dubai's government owns a minority stake, made a net profit

Published 02 Nov, 2015 12:00am

Egypt factories won't have gas shortage problems soon

There will be no gas shortage problems for any factories in Egypt by the end of November, Egypt's President Abdel Fattah al-Sisi said in a speech on Sunday. Factories in Egypt that rely heavily on gas to generate power have been struggling, with some halt

Published 02 Nov, 2015 12:00am

Swiss industry hikes work hours to compensate for 'franc shock'

At least 70 Swiss manufacturers have increased employees' working hours this year, a newspaper said on Sunday, under measures to compensate for a strengthening of the Swiss franc that has hurt exports. The companies, which represent about 7 percent of rou

Published 02 Nov, 2015 12:00am

Israel economy minister resigns to allow major gas deal: Prime Minister

Israel's economy minister resigned on Sunday, opening the way for the government to greenlight a multibillion dollar gas deal with US energy giant Noble Energy, a statement from the Prime Minister's office said.

Published 02 Nov, 2015 12:00am

Iraq's October oil exports fall to average 2.7 million barrels per day

Iraq's oil exports dropped sharply in October to an average of 2.7 million barrels per day (bpd), from 3.052 million bpd the previous month, the oil ministry said on Sunday, citing shipment delays caused by poor weather.

Published 02 Nov, 2015 12:00am

Saudi prince sells press group shares

Saudi billionaire Prince Alwaleed bin Talal's Kingdom Holding Company announced Sunday the sale of its almost 30-percent share in a press group that publishes pan-Arab newspaper Asharq Al-Awsat. Kingdom Holding said in a statement that it was selling its

Published 02 Nov, 2015 12:00am

Processed meat can cause cancer, red meat probably can: WHO

Eating processed meat can lead to bowel cancer in humans while red meat is a likely cause of the disease, World Health Organisation (WHO) experts said on October 26 in findings that could sharpen debate over the merits of a meat-based diet.

Published 02 Nov, 2015 12:00am

Global warming to increase heat, decrease productivity in SE Asia

Rising temperatures and humidity due to climate change are likely to increase the number of days with unsafe "heat stress," putting Southeast Asia at great risk of significant drops in productivity, a research firm said on October 28.

Published 02 Nov, 2015 12:00am

Major earthquakes of the past 30 years

A powerful 7.5 magnitude earthquake struck Afghanistan's Hindu Kush region on October 26, with strong tremors felt in Kabul, Islamabad and New Delhi. There were no immediate reports of fatalities, but quakes of this size in the region have caused massive

Published 02 Nov, 2015 12:00am

Old drug may help keep Alzheimer's patients out of nursing homes

A cheap off-patent drug that relieves some symptoms of Alzheimer's disease may also help keep people at an advanced stage of the illness out of nursing homes, at least for a while.

Published 02 Nov, 2015 12:00am

Two-thirds of people under 50 have herpes: WHO

More than 3.7 billion people under 50 have the highly-infectious and incurable herpes virus that causes sores around the mouth and sometimes on the genitals, a World Health Organisation report said. There are two forms of the herpes virus and both are mos

Published 02 Nov, 2015 12:00am

Gulf too hot for humans by 2100?

Global warming could create peaks of humid heat in the Persian Gulf beyond human tolerance by century's end, according to a study published on October 26 in the journal Nature Climate Change.

Published 02 Nov, 2015 12:00am

Tuberculosis deaths unacceptably high, despite advances: WHO

Tuberculosis kills 4,400 people daily, a number that remains "unacceptably high," said a World Health Organisation report on October 28 that ranked TB alongside HIV as a leading cause of death globally.

Published 02 Nov, 2015 12:00am

Huawei third quarter smartphone shipments up 63 percent

China's Huawei Technologies Co Ltd said third-quarter smartphone shipments jumped 63 pct year-on-year, helped by stronger sales of higher-end handsets as it seeks to shed its image as a budget device maker and challenge Samsung Electronics Co Ltd and Appl

Published 02 Nov, 2015 12:00am

Huawei third quarter smartphone shipments up 63 percent

China's Huawei Technologies Co Ltd said third-quarter smartphone shipments jumped 63 pct year-on-year, helped by stronger sales of higher-end handsets as it seeks to shed its image as a budget device maker and challenge Samsung Electronics Co Ltd and Appl

Published 02 Nov, 2015 12:00am

DIB beats forecasts with 43.6 percent profit rise in third quarter

Dubai Islamic Bank (DIB), the United Arab Emirates' largest sharia-compliant lender, posted a 43.6 percent increase in third-quarter net profit on October 28, as income rose from Islamic lending, investing and fees, while impairment charges dropped.

Published 02 Nov, 2015 12:00am

Honda to meet China sales targets, but outlook uncertain: CEO

Honda Motor Co is confident it can achieve its 2015 sales target of 950,000 cars in China, but is cautious about increasing production in the world's No 2 economy given the uncertain economic outlook, Chief Executive Officer Takahiro Hachigo told Reuters.

Published 02 Nov, 2015 12:00am

Currency

Esprit first quarter turnover slips

Clothing retailer Esprit Holdings Ltd reported a 14.9 percent slide in first-quarter turnover on October 26 as sales in Europe lagged and it cut its store footprint. Turnover in Hong Kong dollar terms fell to HK$4.7 billion in the three months ended Septe

Published 02 Nov, 2015 12:00am

Currency

Esprit first quarter turnover slips

Clothing retailer Esprit Holdings Ltd reported a 14.9 percent slide in first-quarter turnover on October 26 as sales in Europe lagged and it cut its store footprint. Turnover in Hong Kong dollar terms fell to HK$4.7 billion in the three months ended Septe

Published 02 Nov, 2015 12:00am

Lippo to shift REITs from Singapore to Indonesia: CEO

Indonesian conglomerate Lippo Group plans to shift two real estate investment trusts (REITs) with 35 trillion rupiah ($2.6 billion) in assets from Singapore to Indonesia next year in order to benefit from new tax breaks offered by Jakarta.

Published 02 Nov, 2015 12:00am

Lippo to shift REITs from Singapore to Indonesia: CEO

Indonesian conglomerate Lippo Group plans to shift two real estate investment trusts (REITs) with 35 trillion rupiah ($2.6 billion) in assets from Singapore to Indonesia next year in order to benefit from new tax breaks offered by Jakarta.

Published 02 Nov, 2015 12:00am

Swiss Re plans share buyback in November after earnings beat

Swiss Re, the world's second-largest reinsurer, plans to launch its share buyback programme in November after posting an unexpected rise in third-quarter net profit on October 29.

Published 02 Nov, 2015 12:00am

Bharti Airtel second quarter profit rises 10 percent

Bharti Airtel Ltd, India's top mobile carrier by subscribers, posted a 10 percent rise in quarterly net profit that beat estimates, helped by a surge in data usage by customers. A rapid proliferation of smartphones, led by Chinese brands, has prompted Ind

Published 02 Nov, 2015 12:00am

Ford Motor third quarter profit misses estimate

Ford Motor Co reported sharply higher quarterly profit on October 27, driven by its record quarterly performance in North America. Ford executives also cautioned that year-end sales promotions could cut into North American profit margins during the curren

Published 02 Nov, 2015 12:00am

Currency

Malaysia's FX reserves rise

Malaysia's international reserves rose in the first two weeks of October, a period during which the country's beleaguered ringgit strengthened. Currency reserves increased to $94.1 billion as of October 15, Bank Negara Malaysia (BNM) said on Thursday, fro

Published 02 Nov, 2015 12:00am

Currency

Indonesia central bank to intervene in forward market through auction

Indonesia's central bank said on Thursday it will intervene in the forward currency market through auctions starting this week to sell or buy rupiah, introducing a new tool to stabilise a rupiah currency that hit 17-year lows last month.

Published 02 Nov, 2015 12:00am

Spain's stock exchange set for upheaval as reform looms

Spain's stock market is facing its biggest upheaval in years as a looming reform of the way securities are cleared and settled threatens to ramp up competitive pressures on market operator BME even as it paves the way for more trading activity.

Published 02 Nov, 2015 12:00am

Currency

A weaker dollar, what the world economy needs but may not get

The last thing the world needs right now is a stronger dollar but that's exactly what it looks like getting. A rise in the greenback of nearly 20 percent since summer last year is hurting US exports and slashing corporate earnings there, undermining the w

Published 02 Nov, 2015 12:00am

Major Middle Eastern markets fall on Saudi Arabia's debt downgrade

Major Middle Eastern stock markets fell on Sunday after Standard & Poor's cut its rating of Saudi Arabia's sovereign debt and maintained a negative outlook on it, citing damage to state finances from low oil prices.

Published 02 Nov, 2015 12:00am

Currency

Egyptian pound steady

The Egyptian pound was stable at a dollar sale on Sunday, as the central bank sold $37.8 million at a cut-off price of 7.9301 pounds per dollar, but it strengthened on the parallel market. The official cut-off price was unchanged from Thursday's dollar sa

Published 02 Nov, 2015 12:00am

Currency	Rate
USD PKR Interbank Selling / Dec 31	278.65
USD PKR Interbank Buying / Dec 31	278.45
USD to Japanese Yen / Dec 31	156.20
USD to Swiss Franc / Dec 31	0.90
Pound Sterling to USD / Dec 31	1.26
Euro to USD / Dec 31	1.04

Stock	Volume
S&P 500 / Dec 30	5,906.94
Tokyo Nikkei / Dec 30	39,894.54
Nasdaq / Dec 30	19,486.79
Dow Jones / Dec 30	42,573.73
Germany DAX 30 / Dec 30	19,909.14
India Sensex / Dec 31	78,017.14
Hang Seng / Dec 31	20,059.95
FTSE 100 / Dec 31	8,125.32

Item	Value
Karachi Cotton PKR/37.32 KG / Dec 30	17,785
Gold 10 Grams PKR / Dec 30	241,430.80
Petrol/Litre / Dec 31	252.10
Crude Oil USD/Barrel / Dec 31	71.59
Gold Spot USD/Ounce / Dec 31	2,605.88
Diesel/Litre / Dec 31	255.38

Stock	Price
Hira Textile / Dec 31 Hira Textile Mills Limited(HIRAT)	3.75 ▲ 0.45 (13.64%)
Pace (Pak) Ltd. / Dec 31 Pace (Pakistan) Limited(PACE)	8.33 ▲ 1.00 (13.64%)
Tariq Corp.Pref. / Dec 31 Tariq Corporation Limited-Preference Shares(TCORPCPS)	7.88 ▲ 0.88 (12.57%)
Pak Int.Bulk / Dec 31 Pakistan International Bulk Terminal(PIBTL)	9.38 ▲ 1.00 (11.93%)
Gulshan Sp. / Dec 31 Gulshan Spinning Mills Limited(GSPM)	4.47 ▲ 0.47 (11.75%)
Sec. Inv. Bank / Dec 31 Security Investment Bank Limited(SIBL)	9.99 ▲ 1.00 (11.12%)
LSE Financial Serv. / Dec 31 LSE Financial Services Limited(LSEFSL)	15.70 ▲ 1.43 (10.02%)
Sindh Abadgar / Dec 31 Sindh Abadgar's Sugar Mills Limited(SASML)	39.33 ▲ 3.58 (10.01%)
Ali Asghar / Dec 31 Ali Asghar Textile Mills Limited(AATM)	65.45 ▲ 5.95 (10.00%)

Stock	Price
First Capital Equities / Dec 31 First Capital Equities Limited(FCEL)	5.12 ▼ -0.98 (-16.07%)
Pak Agro Pack. (GEM) / Dec 31 Pak Agro Packaging Limited (GEM)(GEMPAPL)	7.60 ▼ -0.90 (-10.59%)
Nimir Resins / Dec 31 Nimir Resins Limited(NRSL)	30.76 ▼ -3.42 (-10.01%)
Frontier Ceram / Dec 31 Frontier Ceramics Limited(FRCL)	42.91 ▼ -4.77 (-10.00%)
Fateh Sports / Dec 31 Fateh Sports Wear Limited(FSWL)	78.50 ▼ -8.72 (-10.00%)
Khairpur Sug. / Dec 31 Khairpur Sugar Mills Limited(KPUS)	203.81 ▼ -22.65 (-10.00%)
Noon Sugar / Dec 31 Noon Sugar Mills Limited(NONS)	81.31 ▼ -9.03 (-10.00%)
Shahmurad Sugar / Dec 31 Shahmurad Sugar Mills Limited(SHSML)	425.82 ▼ -47.31 (-10.00%)
Gammon Pak / Dec 31 Gammon Pakistan Limited(GAMON)	45.59 ▼ -5.06 (-9.99%)

Stock	Volume
Cnergyico PK / Dec 31 Cnergyico PK Limited(CNERGY)	212,308,919 ▲ 0.42
WorldCall Telecom / Dec 31 Worldcall Telecom Limited(WTL)	111,551,930 ▼ -0.05
B.O.Punjab / Dec 31 The Bank of Punjab(BOP)	84,182,656 ▲ 0.28
Pace (Pak) Ltd. / Dec 31 Pace (Pakistan) Limited(PACE)	66,177,767 ▲ 1.00
Fauji Foods Ltd / Dec 31 Fauji Foods Limited(FFL)	55,597,038 ▲ 0.69
Pak Refinery / Dec 31 Pakistan Refinery Limited(PRL)	50,017,805 ▲ 3.54
Silk Bank Ltd / Dec 31 Silkbank Limited(SILK)	48,777,302 ▼ -0.02
K-Electric Ltd. / Dec 31 K-Electric Limited(KEL)	45,320,218 ▲ 0.24
Pak Elektron / Dec 31 Pak Elektron Limited(PAEL)	36,348,761 ▼ -0.91

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