News Archives for Print - 2016-02-15

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Print - 2016-02-15

The Weather

The weather report on Sunday (February 14, 2016) and the forecast for Monday (February 15, 2016).

Published 15 Feb, 2016 12:00am

Returns on Profit and Loss Sharing Investment Bank Accounts (JANUARY TO JUNE 2015)

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

Published 15 Feb, 2016 12:00am

Exchange

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (February 8 to 12, 2016).

Published 15 Feb, 2016 12:00am

Aaj TV - Monday's schedule

All timings are in PST (Pakistan Standard Time).

Published 15 Feb, 2016 12:00am

Gas issue to be resolved next month: Abid

State Minister for Water and Power Abid Sher Ali has said that sincere efforts of government had successfully eliminated industrial load shedding while the issue of gas will be resolved in next month.

Published 15 Feb, 2016 12:00am

Islamabad to get its first mayor today

As many as 77 elected members of Islamabad Metropolitan Corporation (IMC) will elect the first-ever mayor and three deputy mayors of the Federal Capital on Monday (today). The polling will be held at Jinnah Convention Centre and the elections will be held

Published 15 Feb, 2016 12:00am

Fish farmers advised

Director General Fisheries Punjab Dr Muhammad Ayub has said that fish farmers should feed their fish according to its needs so that healthy and quality fish can be produced which is suitable for human health and brings better returns to the fish farmers.

Published 15 Feb, 2016 12:00am

Qureshi responds to Bilawal's tweet on 'Nazranas'

Senior PTI leader Shah Mahmood Qureshi on Sunday urged PPP Chairman Bilawal Bhutto Zardari to join the Urs of great Sufi saint Hazrat Shah Ruknuddin Alam and learn manners of etiquettes of attending such spiritual gatherings.

Published 15 Feb, 2016 12:00am

Shah Rukh Khan's car attacked in Ahmedabad

The car of Bollywood superstar Shah Rukh Khan was attacked by unidentified persons in Ahmedabad city of Gujarat on Sunday morning. "Unknown persons pelted stones at Shah Rukh Khan's car in Ahmedabad in early morning hours," ANI said on Twitter. However, t

Published 15 Feb, 2016 12:00am

Call for early announcement of Trade Policy Framework

Multan Chamber of Commerce and Industry (MCCI) President Fareed Mughis A Sheikh has called for an early announcement of the Strategic Trade Policy Framework to achieve the export target of $25 billion.

Published 15 Feb, 2016 12:00am

KP CM Complaint Cell redresses various complaints

The Chief Minister's Complaint and Redressal Cell has taken notice of the overcharging by parking contractor of Bagh-e-Naran, Hayatabad Township cancelled the parking lease contract of the violator contractor.

Published 15 Feb, 2016 12:00am

Exchange

Zarb-e-Azb to continue till elimination of all terrorists: minister

Defence Minister Khawaja Muhammad Asif has said that operation Zarb-e-Azb will continue till the elimination of all terrorists. Representing Pakistan at the 52nd Munich Security Conference, the Defence Minister stated that the several successes had been a

Published 15 Feb, 2016 12:00am

BKU reopens today

Bacha Khan University will reopen on Monday (today) after a closure of three weeks due to security reasons and a terrorists attack on the university on January 20.

Published 15 Feb, 2016 12:00am

'Efficiency versus cost is the way to go forward': CEO VPL

Waqar Asghar is the Chief Executive Officer of VPL Limited. VPL Limited is a leading supplier of trucks, buses, construction equipment, mining equipment, engines and generators along with comprehensive after-sales support and value added services. The com

Published 15 Feb, 2016 12:00am

'Efficiency versus cost is the way to go forward': CEO VPL

Published 15 Feb, 2016 12:00am

North Korea executes its army's chief of staff

You don't execute your army chief; nor do you hang your prime minister. North Korea, however, has earned the dubious distinction of becoming a country that has executed its army's chief of staff. Insofar as the hanging of an elected prime minister is conc

Published 15 Feb, 2016 12:00am

Exchange

Squandering away opportunities?

There are no two opinions that the present regime had inherited an extremely fragile economy in June 2013. It inherited a nervous private sector, declining investment-both domestic and foreign-slower economic growth, rising unemployment and poverty, and g

Published 15 Feb, 2016 12:00am

Provincial ADPs controlled by the centre

What has been a significant source of revenue in meeting extremely challenging budget deficit targets agreed with the International Monetary Fund (IMF) under the ongoing 6.64 billion dollar Extended Fund Facility (EFF) is the significant rise in what is t

Published 15 Feb, 2016 12:00am

Exchange

IMF's tenth review

The IMF's tenth review has ended on a positive note. Pakistan has met all the quantitative performance criteria for the quarter ended December 2015. In particular, the strong tax revenue collection by FBR in the second quarter has been commended. However,

Published 15 Feb, 2016 12:00am

Dealing with Syria-IS conundrum

Two concurrent events related to the Syrian conflict that took place on Wednesday indicate Western countries' proxy intervention in Syria on the side of rebels is to end in disappointing results for them. If the Iraq war created conditions for Iran to gai

Published 15 Feb, 2016 12:00am

Exchange

Hope for the best but plan for the worst

At a meeting with some leading businesspeople of the country on Saturday, Prime Minister Nawaz Sharif reportedly agreed to higher export-led growth instead of consumption-led growth. The PM also reportedly agreed to a zero-rated sales tax regime for major

Published 15 Feb, 2016 12:00am

Haiti elects interim president

Haitian lawmakers early Sunday elected Jocelerme Privert as the troubled country's interim president to fill a power vacuum following the departure of Michel Martelly, after a vote to choose his successor was postponed over fears of violence. Privert, 62,

Published 15 Feb, 2016 12:00am

Two killed, 15 wounded in Saudi-led strike on Yemen workshop

A Saudi-led coalition air strike on a sewing workshop killed at least two people and wounded 15 in the rebel-held Yemeni capital on Sunday, the owner told AFP.

Published 15 Feb, 2016 12:00am

US Supreme Court Justice Antonin Scalia dies

Justice Antonin Scalia, a towering conservative voice on the US Supreme Court, has died at the age of 79, triggering a political showdown over his succession in the run-up to the presidential election.

Published 15 Feb, 2016 12:00am

Tight security as Danes mark year since Copenhagen attacks

Prime Minister Lars Lokke Rasmussen warned Sunday that Denmark still faces a "serious terror threat" as it marked a year since a gunman killed a filmmaker and a Jewish security guard in twin attacks in Copenhagen. The Danish capital honoured the victims u

Published 15 Feb, 2016 12:00am

China urges investors' claims against shut P2P lender

Chinese authorities have urged investors to register their claims against a now shut peer-to-peer (P2P) lender allegedly behind the country's biggest ever Ponzi scheme, according to a statement, raising hopes of compensation.

Published 15 Feb, 2016 12:00am

British indie band die in Swedish car crash

All four members of British indie band Viola Beach and their manager have died in a road crash in Sweden following their first international gig, family members said Sunday. "We can confirm that our son Craig, along with four members of the band Viola Bea

Published 15 Feb, 2016 12:00am

EU will 'lurch in wrong direction' if UK leaves: Hammond

The European Union will "lurch very much in the wrong direction" if Britain votes to leave in an in/out referendum, Foreign Secretary Philip Hammond warned Sunday. The British minister predicted that negotiations with other European leaders to secure a re

Published 15 Feb, 2016 12:00am

PESCO's drive against illegal connections continues

On the directives of Chief Executive, Peshawar Electric Supply Company (PESCO) Anwar Ul Haq Yousafzai drive against illegal use of electricity is in full swing throughout Khyber Pakhtunkhwa. In this connection surveillance teams of PESCO raided in differe

Published 15 Feb, 2016 12:00am

Focus on basic determinants to address stunting globally: Professor Bhutta

Mother and child malnutrition in low- and middle-income countries encompasses a range of conditions including maternal wasting, micronutrient deficiencies, foetal growth restriction and stunting - a height that is below the World Health Organisation Child

Published 15 Feb, 2016 12:00am

HEC sell-off mystery deepens

Mystery about the privatisation of Heavy Electrical Complex (HEC), a subsidiary of Ministry of Industries and Production, is deepening with each passing day and new documents reveal that the Cabinet Committee on Privatisation (CCoP) had approved M/s Cargi

Published 15 Feb, 2016 12:00am

104 held in crackdown against profiteers, encroachments

District administration has arrested 104 persons in crackdown against profiteers and encroachment mafia in different parts of the provincial metropolis. According to details, on the directives of Deputy Commissioner (DC) Peshawar, the Additional Assistant

Published 15 Feb, 2016 12:00am

Tablighi Jamaat: JI severely criticises government's step

Jamaat-e-Islami (JI) Khyber Pakhtunkhwa chief, Mushtaq Ahmad Khan termed ban on Tablighi Jamaat (TJ) in educational institutions treason with the ideology of Pakistan and urged the religious minded people to join hands.

Published 15 Feb, 2016 12:00am

Hajj quota to be allotted as per new policy: ministry

The Ministry of Religious Affairs and Interfaith Harmony has said that Hajj quota would be allotted in light of new Hajj Policy 2016 and new Hajj Group Organisers (HGOs) should remain aware of from elements assuring them of getting quota allotted.

Published 15 Feb, 2016 12:00am

Illegal detentions main cause behind unrest: Fowzia

Supporters of Dr Aafia Siddiqui staged a walk on Sunday to press the United States administration for her immediate release. They also criticised the Pakistan government for illegal detentions in the country.

Published 15 Feb, 2016 12:00am

Government working towards empowerment of women: Marvi

Minister of State and Chairperson Benazir Income Support Programme (BISP) Marvi Memon has said that various schemes have been launched to empower women economically.

Published 15 Feb, 2016 12:00am

Conspiracies being hatched against PPP: Chandio

Advisor to Chief Minister Sindh on Information, Moula Bux Chandio has said that conspiracies are being hatched against the PPP to weaken it. Whenever the PPP was weakened, it had also affected federal government, he said while taking to media at the welco

Published 15 Feb, 2016 12:00am

Clarification

This is apropos a news item carried by Business Recorder on 12th February, 2016 under the heading "Jobs' opportunities for students: ICMAP, SMEBS sign MoU". The Institute of Cost and Management Accountants of Pakistan has clarified that no new MoU

Published 15 Feb, 2016 12:00am

Semester exams: no fee defaulter to sit: KU Registrar

The Registrar of the University of Karachi has notified that no defaulter of Semester and examination fees will be allowed to sit in the semester examinations.

Published 15 Feb, 2016 12:00am

Hub Dam: encroachments causing serious problems

The Managing Director of Karachi Water and Sewerage Board (KWSB), Misbahuddin Farid, has called for cleansing the Hub Dam reservoir of encroachments. In this regard he has addressed a letter to the Home Secretary Sindh, a KWSB statement said on Sunday.

Published 15 Feb, 2016 12:00am

Rally taken out in support of General Raheel

National Peace Committee for Interfaith Harmony on Sunday took out a rally in favour of Pak Army and COAS General Raheel Sharif, which ended outside the Karachi Press Club.

Published 15 Feb, 2016 12:00am

Four Lyari 'gangsters' arrested

Police on Sunday claimed to have arrested four alleged Lyari gangsters. Police sources said that a raid was conducted in Phool Patti Lane area of Lyari that led to arrests of gang war members Zahid aka Lardla among his four accomplices. Police also claime

Published 15 Feb, 2016 12:00am

PPP stages protest demonstration against PML-N

Democracy is under threats due to negative policies of the federal government of Pakistan Muslim League-Nawaz, said Najmi Alam, president PPP Karachi chapter. Waqar Mehdi, Rashid Rabbani, Iqbal Sandh, Latif Mughal and Sardar Mir Hyder were also present on

Published 15 Feb, 2016 12:00am

Twin births almost double in rich countries

Twin births have almost doubled in developed countries in four decades, said researchers on February 08 who cautioned about the associated health risks. In a study published in the US journal Population and Development Review, scientists said the rate of

Published 15 Feb, 2016 12:00am

Drought caused by El Nino threatening food security in South Africa: UN

The El Nino weather phenomenon, one of the worst in 50 years, has caused intense drought in southern Africa that will have a "devastating" impact on the region's food security, the UN food agency warned on February 12. Across large parts of Zimbabwe, Mala

Published 15 Feb, 2016 12:00am

Climate change 'forcing species to move'

Warming temperatures are causing about half of the world's plants and animals to move location, an international conference in Australia heard on February 10, with every major type of species affected.

Published 15 Feb, 2016 12:00am

Superbug review says more vaccines needed to reduce antibiotic use

More use of vaccines would reduce the need to use antibiotics and help fight the rise of drug-resistant superbug infections, according to a British government-commissioned review of the threat.

Published 15 Feb, 2016 12:00am

WHO cautions against linking Zika virus with rare nerve disorder

The World Health Organisation (WHO) on February 09 urged caution about linking the Zika virus with a rare nerve disorder called Guillain-Barre which health officials in Colombia have blamed for three deaths.

Published 15 Feb, 2016 12:00am

Bananas may help cure skin cancer

The black spots on old banana peels may unlock a faster, easier diagnosis of human skin cancer, boosting survival chances, scientists said on February 08. When bananas ripen, their skin is covered in small, round black spots caused by an enzyme known as t

Published 15 Feb, 2016 12:00am

Australian scientists offer new hope for paraplegics

Australian researchers have created a "bionic spinal cord" they said on February 09 could give paralysed people hope of walking again through the power of thought, without resorting to open brain surgery. The system would use a device the size of a paperc

Published 15 Feb, 2016 12:00am

Twitter looks to outside help in fighting abuse

Twitter on Tuesday announced that it is pulling together a council of outside experts and organisations to battle abusive behaviour at the one-to-many messaging service.

Published 15 Feb, 2016 12:00am

Twitter lets hot tweets rise to top of timelines

Twitter revamped its timeline Wednesday, allowing the "best" tweets to rise to the top, despite warnings of a revolt from members loyal to the real-time flow of the messaging platform.

Published 15 Feb, 2016 12:00am

Environment officials suggest how to obtain the longest battery life

Batteries are the life force inside portable electronic devices. But making sure your smartphone, laptop or mobile speaker has enough power is not always the easiest thing to gauge. Energy conservation experts at the German Environment Agency (UBA) have c

Published 15 Feb, 2016 12:00am

Experts list five of the dumbest mistakes in choosing a password

Online hackers still have it too easy. Way too many people choose passwords that are either too short or too simple or use the same password too often when they are trying to protect sensitive information and data.

Published 15 Feb, 2016 12:00am

Japan camera makers battle smartphone onslaught

Highschooler Nao Noguchi is a perfect illustration of why Japanese camera sales have plunged the past few years - she uses her smartphone for everything and cannot understand why anyone would bother with a separate device for photos. "It is easy to take y

Published 15 Feb, 2016 12:00am

Cable, phone industry urge FCC to limit Internet privacy protections

A group of trade associations representing major cable and telephone companies on Thursday urged the U.S. Federal Communications Commission to limit protections in forthcoming broadband privacy rules.

Published 15 Feb, 2016 12:00am

Researchers discover that humble computer mouse reveals our moods

Abrupt but slow rather than fluid and fast - that's how a computer mouse is typically moved around when the user is angry. At least that's what researchers at the University of Duisburg-Essen in Germany have discovered. They've now developed a programme t

Published 15 Feb, 2016 12:00am

Time gets MySpace with ad platform acquisition

US magazine publisher Time Inc said Thursday it was acquiring the online advertising group Viant Technology, which includes the remnants of social network pioneer MySpace. Terms of the deal were not announced, but the acquisition marks the latest change i

Published 15 Feb, 2016 12:00am

Countdown running: three cloud storage services to be discontinued

The cloud storage services Copy and CudaDrive are being closed on May 1, the company Barracuda Networks has announced. U0sers of the services need to have backed up their data by then, as it will be automatically deleted from servers.

Published 15 Feb, 2016 12:00am

Legrand sees strong sales of Internet connected devices

French power switch and socket maker Legrand expects strong growth from devices that can connect to the Internet and plans to double the number of its product ranges that can network by 2020.

Published 15 Feb, 2016 12:00am

Hamburg art museum puts digitised old master prints online

A collection of 15,000 European prints and engravings from 1450 to 1850 has just been added to the internet, thanks to the Kunsthalle art museum in Hamburg, Germany.

Published 15 Feb, 2016 12:00am

Tata Motors third quarter net profit down 2 percent on weak China sales

Tata Motors Ltd on February 11 said quarterly net profit for the December quarter fell 2 percent, hit by lower sales of its luxury Jaguar Land Rover unit in China, once its fastest growing market.

Published 15 Feb, 2016 12:00am

Tata Motors third quarter net profit down 2 percent on weak China sales

Tata Motors Ltd on February 11 said quarterly net profit for the December quarter fell 2 percent, hit by lower sales of its luxury Jaguar Land Rover unit in China, once its fastest growing market.

Published 15 Feb, 2016 12:00am

Renault profit up but headlights on struggling Russian unit

Renault said on February 12 net profit for 2015 was up nearly 50 percent to 2.96 billion euros ($3.3 billion) despite a hit from its Russian subsidiary which Renault said it may recapitalise and take over to save it from collapse. The French carmaker said

Published 15 Feb, 2016 12:00am

Renault profit up but headlights on struggling Russian unit

Published 15 Feb, 2016 12:00am

Deutsche Bank CEO claims bank 'rock solid'

Deutsche Bank co-chief executive John Cryan on February 09 told staff and investors that the bank was "rock solid" as he sought to halt a slump in its shares and bonds. Deutsche Bank shares fell another 4 percent on February 09 below their 2009 low and to

Published 15 Feb, 2016 12:00am

Currency

Avon turnaround in doubt after fourth quarter revenue falls

Avon Products Inc reported a bigger-than-expected drop in quarterly sales as it failed to revive demand for its cosmetics in Latin America, casting doubts over the company's ability to turn around without changing its business model.

Published 15 Feb, 2016 12:00am

Currency

Avon turnaround in doubt after fourth quarter revenue falls

Published 15 Feb, 2016 12:00am

Exchange

Rolls-Royce cuts dividend for first time in 25 years

British engine maker Rolls-Royce on February 12 cut its shareholder dividend for the first time in almost 25 years and said 2016 would be "challenging", but its shares nevertheless soared. The firm, which makes engine systems for aircraft and sea vessels,

Published 15 Feb, 2016 12:00am

Sun Life fourth quarter profit rises

Insurer Sun Life Financial Inc reported higher fourth-quarter earnings, driven by growth in its Canadian, Asian and asset management businesses. Net income for the quarter ended December 31 was C$536 million ($384.89 million), or 87 Canadian cents a share

Published 15 Feb, 2016 12:00am

Sun Life fourth quarter profit rises

Published 15 Feb, 2016 12:00am

Tesla expects to become profitable in 2016

Tesla Motors Inc Chief Executive Elon Musk on February 10 promised investors that the electric luxury car maker would stop burning cash and start making money this year, sending the company's shares up sharply despite a wider fourth-quarter loss.

Published 15 Feb, 2016 12:00am

Sumitomo Life to expand foreign corporate bond investment

Sumitomo Life Insurance Co said it plans to invest up to several hundreds of billions of yen in foreign corporate bonds for the year starting in April to boost returns, a senior company official told Reuters on February 10.

Published 15 Feb, 2016 12:00am

Sumitomo Life to expand foreign corporate bond investment

Published 15 Feb, 2016 12:00am

Barclays appoints JPMorgan's executive as new COO

Britain's Barclays Plc has named J. P Morgan Chase & Co executive Paul Compton its new Chief Operating Officer, following the departure of Jonathan Moulds. Compton, who will join in May, will oversee operations & technology, structural reform, cost transf

Published 15 Feb, 2016 12:00am

Pfizer unveils management line up for combined firm

Pfizer Inc, which agreed to buy Allergan Plc for $160 billion last year, unveiled its management line up for the combined company, once the deal closes in the second half of 2016.

Published 15 Feb, 2016 12:00am

Banks eye more cost cuts amid global growth concerns

Goldman Sachs Group Inc and other US banks are looking at ways to slash expenses further this year as market turmoil, declining oil prices and concerns about Germany's Deutsche Bank AG have sent the sector's shares down sharply.

Published 15 Feb, 2016 12:00am

McCullum falls as Voges puts Australia in control

Mitchell Marsh ruined New Zealand's hopes for a Brendon McCullum salvage mission after Adam Voges' record-breaking double century put Australia firmly in command of the first Test in Wellington on Sunday.

Published 15 Feb, 2016 12:00am

De Villiers leads South Africa to series win

South African captain AB de Villiers hit a century and took his side to a series victory in the fifth and final one-day international against England at Newlands on Sunday. De Villiers made an unbeaten 101 as South Africa chased down a target of 237 with

Published 15 Feb, 2016 12:00am

Venus wins Taiwan Open

Venus Williams defeated Japan's Misaki Doi 6-4, 6-2 to win the Taiwan Open in Kaohsiung on Sunday. The victory was the 49th WTA singles title for the seven-time Grand Slam winner, who did not lose a single set in the tournament. It was the first time top-

Published 15 Feb, 2016 12:00am

Jansher Khan to launch junior academy

Squash wizard Jansher Khan Sunday announced launching Junior Squash Academy as desired by President Pakistan Squash Federation Chief of the Air Staff Air Chief Marshal Sohail Aman here at PAF Hashim Khan Squash Complex.

Published 15 Feb, 2016 12:00am

US teen Fritz makes history by reaching ATP final

Teen prodigy Taylor Fritz became the fastest American finalist in ATP history Saturday, downing Lithuania's Ricardas Berankis to reach the Memphis Open final in only his third tour-level event. The 18-year-old wildcard entrant fired 17 aces in ousting 102

Published 15 Feb, 2016 12:00am

India clinch Twenty20 series

Premier off-spinner Ravichandran Ashwin's four-wicket haul helped India crush Sri Lanka by nine wickets in the third T20 international as the hosts clinched the series 2-1 in Visakhapatnam on Sunday. Electing to bowl on what seemed like a flat deck, Ashwi

Published 15 Feb, 2016 12:00am

Welbeck and Sturridge inspire big wins

England strikers Danny Welbeck and Daniel Sturridge each made successful returns from injury to inspire their teams to big Premier League victories - in both senses of the word - on Sunday. Welbeck headed in a 95th-minute winner to give Arsenal a 2-1 win

Published 15 Feb, 2016 12:00am

Klizan stuns Monfils for Rotterdam title

Martin Klizan pulled out another come-from-behind showpiece to win his fourth career title on Sunday with a 6-7 (1/7), 6-3, 6-1 defeat of Gael Monfils in the Rotterdam World Tennis final. The swashbuckling world number 43 from Slovakia came into the final

Published 15 Feb, 2016 12:00am

West Indies stun India to lift maiden U-19 World Cup title

Keacy Carty struck an unbeaten 52 as the West Indies defeated three-time champions India by five wickets on Sunday to clinch their first ICC Under-19 World Cup. Carty smashed his first fifty of the tournament to guide the West Indies to victory in Dhaka w

Published 15 Feb, 2016 12:00am

Oman says may focus on domestic, not regional rail system

Oman may focus on building a domestic rail network rather than connecting its railways to a regional system, because of uncertainty over when the regional project will go ahead, transport minister Ahmed bin Mohammed al-Futaisi said on Sunday.

Published 15 Feb, 2016 12:00am

Exchange

China launches website to aid $7.6 billion Ezubao fraud probe

China's Ministry of Public Security has launched a website to help probe Ezubao, the country's biggest online peer-to-peer (P2P) lender, which is accused of defrauding 900,000 investors of more than 50 billion yuan ($7.61 billion).

Published 15 Feb, 2016 12:00am

Iran offers mining riches post-sanctions, but investors cautious

Iran's rich deposits of zinc, copper, gold and other minerals are tempting international investors after the lifting of Western sanctions, but development of the sector will take time and problems will have to be overcome.

Published 15 Feb, 2016 12:00am

Opec members increasingly keen to end oil glut: Nigeria oil minister

The mood inside the Organisation of the Petroleum Exporting Countries (Opec) is shifting from mistrust to a growing consensus that a decision must be reached on how to end the global oil price rout, Nigeria's oil minister told Reuters.

Published 15 Feb, 2016 12:00am

China's hackles raised by EU steel dumping investigation

China's commerce ministry has expressed its concern over European Union's anti-dumping investigations into Chinese steel products and said that trade frictions should be solved through dialogue.

Published 15 Feb, 2016 12:00am

Exchange

China central bank boss says no reason for yuan to fall further

China's central bank chief has blamed foreign speculators in part for volatility in the yuan and said there is no basis for further depreciation, according to an interview in Caixin magazine. The Chinese economy grew 6.9 percent in 2015 - the slowest rate

Published 15 Feb, 2016 12:00am

Southeast Asia's record jet orders seen at risk: IATA

Record plane orders placed by ambitious Southeast Asian airlines could be at risk in an environment of intense competition, low profitability and turmoil in financial markets, the head of the International Air Transport Association (IATA) said on Sunday.

Published 15 Feb, 2016 12:00am

Exchange

Sigma to launch Egypt's exchange for grains trading: CEO

Jordan-based Sigma Investments will partner with the Egyptian government to launch the region's first grains exchange by end 2016, the firm's chief executive said on Sunday in an interview. Egypt is the world's largest importer of wheat, purchasing about

Published 15 Feb, 2016 12:00am

Months after announcing it, Egypt backtracks on farmer subsidy reform

Egypt said on Sunday it would pay its local farmers a fixed price of 420 Egyptian pounds ($53.64) per ardeb (150 kg) of wheat in the new local procurement season starting in April, backtracking on reforms to its wheat farmer subsidy system.

Published 15 Feb, 2016 12:00am

Exchange

Tsipras chides EU, IMF for reform assessment delay

An assessment of Greece's attempts to reform its struggling economy is being held up by disagreements between the European Union and the IMF, Prime Minister Alexis Tsipras has said. "Negotiations on the reform plan have fallen behind, which is in nobody's

Published 15 Feb, 2016 12:00am

Saudi sovereign fund Sanabil buys 20 percent of Almana General Hospitals

Saudi Arabia's government-owned fund Sanabil Investments has acquired a 20 percent stake in Ebrahim Mohammed Almana & Brothers Co, the owner of the Almana General Hospitals (AGH), a statement from one of the advisers said on Sunday. No financial terms wer

Published 15 Feb, 2016 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 1	277.78
USD PKR Interbank Buying / Nov 1	277.68
USD to Japanese Yen / Nov 1	153.01
USD to Swiss Franc / Nov 1	0.87
Pound Sterling to USD / Nov 1	1.29
Euro to USD / Nov 1	1.08

Stock	Volume
S&P 500 / Nov 1	5,728.80
India Sensex / Nov 1	79,724.12
Tokyo Nikkei / Nov 1	38,053.67
Nasdaq / Nov 1	18,239.92
Hang Seng / Nov 1	20,506.43
FTSE 100 / Nov 1	8,177.15
Dow Jones / Nov 1	42,052.19
Germany DAX 30 / Nov 1	19,254.97

Item	Value
Crude Oil USD/Barrel / Nov 1	69.49
Karachi Cotton PKR/37.32 KG / Nov 1	18,085
Gold 10 Grams PKR / Nov 1	244,084
Gold Spot USD/Ounce / Nov 1	2,736.53
Cotton US¢/pound / Nov 1	70.17
Petrol/Litre / Nov 2	248.38

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Nov 2 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 2 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Nov 2 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 2 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 2 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Nov 2 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 2 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Nov 2 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 2 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 2 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 2 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Nov 2 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 2 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 2 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Nov 2 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 2 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Nov 2 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 2 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Nov 2 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Nov 2 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Nov 2 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Nov 2 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Nov 2 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Nov 2 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Nov 2 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Nov 2 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Nov 2 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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