News Archives for Print - 2016-04-25

PTI's Islamabad rally characterised by tight security

Pakistan Tehreek-e-Insaf (PTI) has celebrated its 20-year anniversary on Sunday at F-9 Fatimah Jinnah Park under tight security.

Published 25 Apr, 2016 12:00am

Call to promote harmony among community members

Speakers at a literary session called upon the poets to work for the promotion of harmony and tolerance among the community members in Bajaur agency. The 'annual spring literary session' was organised by Bajaur Pashto Adabi Jirga in collaboration with loc

Published 25 Apr, 2016 12:00am

Exchange

80 Pakistani students to start education in Hungary

First group of 80 Pakistani students will pursue classes in their respective disciplines from the coming fall session. Dr Laszlo Palkovics, Hungary's Minister of State for Education and Chairperson Higher Education Commission (HEC) Dr Mukhtar Ahmed, Chair

Published 25 Apr, 2016 12:00am

PCS officers ask KP Speaker to convene panel moot now

PCS Officers Association, Khyber Pakhtunkhwa has reminded Speaker Khyber Pakhtunkhwa Assembly, Asad Qaiser for convening of a meeting of house committee constituted for the resolution of their issues.

Published 25 Apr, 2016 12:00am

Overseas Pakistanis: 'Opportunities of investment available in Punjab'

Commissioner Overseas Pakistanis Commission (OPC) Punjab Afzaal Bhatti has said that vast opportunities of investment are available in Punjab for Overseas Pakistanis in the fields of Agriculture, Energy, Livestock & Dairy Development and Industries. Talki

Published 25 Apr, 2016 12:00am

PHC for declaring Soran Singh as 'Martyr of Pakistan'

Patron-in-chief of Pakistan Hindu Council, Dr Ramesh Kumar Vankwani has said that provincial governments of Sindh and Khyber Pakhtunkhwa both were badly failed to protect the minorities, and thus, establishment of Special Task Force for the Protection of

Published 25 Apr, 2016 12:00am

MCCI submits budget proposals

The Ministry of Finance and the Federal Board of Revenue should not neglect the proposals made by the business and trade community and they should make the federal budget realistic and businesses friendly.

Published 25 Apr, 2016 12:00am

'Corporate democracy prevails in Pakistan'

Corporate democracy is prevailing in Pakistan not real democracy. Even ideal electoral system cannot deliver without people's awareness. The concept of freedom is impossible without economic independence.

Published 25 Apr, 2016 12:00am

Passports: home delivery project launched in Multan

The Machine Readable Passports (MRP) Home Delivery Project was launched in Multan by the Government of Pakistan in collaboration with TCS. The project was inaugurated by Usman Akhtar Bajwa, Director General Immigration & Passport. Salman Akram, Country He

Published 25 Apr, 2016 12:00am

Number of security staff enhanced at LGH

In order to ensure effective security of hospital staff, Lahore General Hospital administration has acquired services of a retired army Colonel as Chief Security Officer. Moreover, the number of police officials posted at the picket established inside of

Published 25 Apr, 2016 12:00am

PPDWP approves uplift schemes worth Rs 6.36 billion

The Punjab Provincial Development Working Party (PPDWP) approved two development schemes of Development Sectors with an estimated cost of rupees 6.36 billion, including widening of Canal Bank Road, Underpass at Jail Road and Underpass Chaubucha, Lahore at

Published 25 Apr, 2016 12:00am

PEF directs partner schools to adopt anti-dengue measures

The Punjab Education Foundation (PEF) has directed the partner schools to ensure that instructions with regard to adopting anti-dengue measures in their schools are fully followed in letter and spirit. A circular in this regard has been issued by the PEF

Published 25 Apr, 2016 12:00am

Sudan for collective efforts to enhance bilateral trade

Charge d'Affaires of Sudan to Pakistan Ahmed Abdel Rhman Muhammad has underscored the need of collective efforts for boosting trade volume between Sudan and Pakistan because at present the export volume at the lowest ebb.

Published 25 Apr, 2016 12:00am

Orange Metro Line Train Project route: Shahbaz pays surprise visit

Punjab Chief Minister Shahbaz Sharif paid a surprise visit to Lahore Orange Metro Line Train Project route and reviewed progress of construction work on the project from Thokar Niaz Beig to Dera Gujran Sunday. The Chief Minister also presided over meeting

Published 25 Apr, 2016 12:00am

'Accuracy of Mobile Meter Reading in Fesco is 95 percent'

Accuracy of Mobile Meter Reading in Faisalabad Electric Supply Company (Fesco) is 95 percent and cash prize of Rs 5000 would be awarded to the best Meter Reader of every Division, said Chief Executive Officer (CEO) FESCO Rashid Ahmed Aslam. He said that F

Published 25 Apr, 2016 12:00am

Astronaut runs marathon in space - but slower than on earth

British astronaut Tim Peake became the first man to complete a marathon in space on Sunday, running the classic 26.2 mile distance while strapped to a treadmill aboard the International Space Station. As part of the London Marathon, Britain's biggest mass

Published 25 Apr, 2016 12:00am

Exchange

Zuma in Iran to develop trade, political ties

South African President Jacob Zuma arrived in Iran on Sunday to strengthen political, trade and investment ties after crippling international sanctions against the Islamic Republic were lifted earlier this year, his office said. South Africa is hoping to

Published 25 Apr, 2016 12:00am

Turkey's Erdogan needs thicker skin, says EU's Tusk

Turkey's president needs a thicker skin against criticism, a senior EU official suggested as European leaders try to shore up support at home for their deal with Ankara to hold back migrants.

Published 25 Apr, 2016 12:00am

Yemeni, UAE troops enter Qaeda-held city

Yemeni and Emirati troops advanced into the southern port city of Mukalla on Sunday, officials and residents said, entering a stronghold of al Qaeda's Yemeni wing for the first time in over a year of war. Fighter jets from the mostly Gulf Arab alliance po

Published 25 Apr, 2016 12:00am

Exchange

Ceasefire in northern Iraq after Kurd-Shia clashes kill 12

Clashes between Kurdish and Shia Turkmen paramilitary forces in northern Iraq killed at least 12 fighters and cut off a key road between Baghdad and the oil city of Kirkuk for most of Sunday before community leaders reached a ceasefire agreement.

Published 25 Apr, 2016 12:00am

Obama, Merkel make case for disputed US-EU trade deal

US President Barack Obama and German Chancellor Angela Merkel made a joint pitch Sunday for deeper transatlantic trade in the face of mounting opposition, vowing to complete a vast US-EU trade pact that could spur much-needed economic growth.

Published 25 Apr, 2016 12:00am

Merkel owes party membership fees

German Chancellor Angela Merkel owes her party 9,500 euros ($10,500) in membership fees, Bild am Sonntag weekly reported Sunday, as the party failed to inform her of an change in rules requiring her to contribute more. A spokesman for the Christian Democr

Published 25 Apr, 2016 12:00am

Israel frees 'youngest Palestinian' girl prisoner at 12

Israel freed 12-year-old Palestinian Dima al-Wawi from prison Sunday, more than two months after jailing her for an attempted stabbing attack, and she was warmly welcomed back in her West Bank town. Wawi was handed over to Palestinian authorities at Tulka

Published 25 Apr, 2016 12:00am

More deaths in Aleppo as Obama calls for 'reinstated' Syria truce

Regime and rebel bombardment killed 26 civilians on Sunday in Syria's second city Aleppo as US President Barack Obama urged the conflict's warring parties to "reinstate" a troubled ceasefire.

Published 25 Apr, 2016 12:00am

India's chief justice makes emotional appeal for more judges

India's chief justice on Sunday made a rare and emotional appeal to Prime Minister Narendra Modi to double the number of judges to handle an "avalanche" of backlogged cases. T S Thakur, who took over as chief justice last year, spoke of the enormous workl

Published 25 Apr, 2016 12:00am

Bangladesh workers demand justice on disaster anniversary

Thousands of Bangladeshi garment workers demanded justice on the anniversary Sunday of one of the world's worst industrial disasters, the collapse of the Rana Plaza factory complex that claimed over 1,100 lives.

Published 25 Apr, 2016 12:00am

Wall Street week ahead: upside limited for 2016 even as earnings bottom

Even with a spate of high-profile earnings disappointments in recent days from the likes of Caterpillar, Microsoft and Google's parent company, the profit recession that has dogged US stocks since last fall is still expected to come to an end in the secon

Published 25 Apr, 2016 12:00am

Exchange

US SEC panel proposes stock exchange fee-cutting experiment

The US Securities and Exchange Commission should mandate an experiment in cutting stock exchange fees and rebates, a move that could illuminate flaws in a pricing model that critics say creates conflicts of interest, a sub-committee of the regulator has r

Published 25 Apr, 2016 12:00am

Fund managers, convinced oil bottom is here, buy up energy stocks

After several false starts over the last two years, US fund managers are betting that energy stocks have finally hit bottom. Firms including T. Rowe Price, Fidelity, and American Funds have been adding shares of exploration and production companies that t

Published 25 Apr, 2016 12:00am

Bangladesh's interbank forex rates

Inter bank buy/sell rates for the taka against the dollar on Sunday. 78.40-78.40 (previous 78.40-78.40).

Published 25 Apr, 2016 12:00am

Fund managers, convinced oil bottom is here, buy up energy stocks

After several false starts over the last two years, US fund managers are betting that energy stocks have finally hit bottom. Firms including T. Rowe Price, Fidelity, and American Funds have been adding shares of exploration and production companies that t

Published 25 Apr, 2016 12:00am

Exchange

ICBC urges Canadian banks to spur volumes at yuan hub

Trading activity in North America's first yuan hub, Toronto, has fallen short of the heightened levels expected at its launch and local banks should be doing more to spur growth, an Industrial and Commercial Bank of China (ICBC) executive said. The hub wa

Published 25 Apr, 2016 12:00am

Exchange

Bank Norwegian's owner plans initial public offering in second quarter

Norwegian Finans Holding ASA, the owner of rapidly growing Bank Norwegian, expects to have raised $36 million from a share sale on Tuesday and plans to list on the Oslo stock exchange later this year, the company said in a statement. Bank Norwegian recent

Published 25 Apr, 2016 12:00am

Exchange

GE plans IPO for Czech banking business

General Electric plans to float shares of its Czech Republic retail banking business on the Prague Stock Exchange in the biggest IPO in central Europe since 2011, GE announced Monday. GE Capital plans to sell a majority of shares in GE Money Bank to insti

Published 25 Apr, 2016 12:00am

Exchange

Bank Norwegian's owner plans initial public offering in second quarter

Norwegian Finans Holding ASA, the owner of rapidly growing Bank Norwegian, expects to have raised $36 million from a share sale on Tuesday and plans to list on the Oslo stock exchange later this year, the company said in a statement. Bank Norwegian recent

Published 25 Apr, 2016 12:00am

Currency

LatAm currencies outlook improves

The outlook for Latin American currencies has brightened on a general improvement in investor sentiment globally along with prospects for political change in Brazil, a Reuters poll found, although volatility is expected to persist.

Published 25 Apr, 2016 12:00am

Petchems lift Saudi index, other Gulf markets mixed

Saudi Arabia's stock market rose strongly in heavy trade on Sunday as firm oil prices boosted petrochemical shares, while other markets in the region were mixed. Riyadh's main index jumped 1.7 percent to 6,699 points, its highest finish since January 5, i

Published 25 Apr, 2016 12:00am

Exchange

China aims to expand forex market, unify onshore/offshore yuan rates

China will take steps to develop the sophistication of its currency trading systems and to promote the unification of yuan exchange rates on onshore and offshore markets, the foreign exchange regulator said on Thursday.

Published 25 Apr, 2016 12:00am

Czech central bank seen keeping crown cap until H1 2017

The Czech central bank is likely to keep the crown weak until the first half of 2017 and it is not expected to adjust its policy when it next meets, a Reuters poll showed on Wednesday. At its last policy meeting on February 4, the Czech National Bank (CNB

Published 25 Apr, 2016 12:00am

Dollar market flies as buyers flee negative euro yields

Negative yields in the euro market, wider swap spreads and heavy redemptions have conspired to create perfect primary conditions for public sector dollar issuance, which has hit stratospheric levels in April.

Published 25 Apr, 2016 12:00am

Cotton

Top African producer bans GM cotton

Burkina Faso, Africa's top cotton producer and the sole West African nation to venture into biotech farming, is dropping genetically-modified (GM) cotton on quality grounds. The world's 10th largest cotton producer, with four of its 19 million people depe

Published 25 Apr, 2016 12:00am

Bangladesh to cut oil prices by up to 10 percent

Bangladesh will cut oil prices by up to 10 percent, a government minister said on Sunday, amid growing calls from business groups. Global oil prices, which had tumbled since 2014, are picking up again amid signs a persistent supply glut may be easing. How

Published 25 Apr, 2016 12:00am

Currency

Kazakhs stage rare protest over farmland privatisation

Hundreds of people held a rare public protest in the Kazakh oil industry hub Atyrau on Sunday against new regulations which they fear will allow foreigners to buy local farmland, although the government has said this would not happen.

Published 25 Apr, 2016 12:00am

Deutsche Bank supervisory board split

A dispute has arisen on Deutsche Bank's supervisory board over what some members view as the bank's legal counsel's over-zealous response to scandals it has been embroiled in, Frankfurter Allgemeine Sonntagszeitung reported. Counsel Georg Thoma is respons

Published 25 Apr, 2016 12:00am

Toyota says stricter rules in China making sales target harder

China's emission and fuel economy rules are making it tougher for Japan's Toyota Motor Corp to achieve its target of selling 2 million vehicles a year there by around 2025, the carmaker's China chief said on Sunday. Hiroji Onishi, head of Toyota's China o

Published 25 Apr, 2016 12:00am

Turkey needs $110 billion in energy investment by 2023: Erdogan

Turkey will need to invest $110 billion in energy projects to help it meet its long-stated goal of becoming one of the world's top ten economies by 2023, President Tayyip Erdogan said on Sunday. Erdogan has championed a number of ambitious goals for Turke

Published 25 Apr, 2016 12:00am

Volkswagen upbeat on China, plans more investments with joint ventures

Volkswagen AG is optimistic that its positive sales trend from the two previous quarters will continue in China, the world's biggest auto market, its China chief Jochem Heizmann said on Sunday.

Published 25 Apr, 2016 12:00am

Australian state hikes taxes for foreign property buyers

Australia's south-eastern state of Victoria, home to the city of Melbourne, will more than double property taxes for foreign buyers and treble royalties from coal, the government has announced. The hike in stamp duty on residential properties purchased by

Published 25 Apr, 2016 12:00am

Dubai's $1 billion indoor theme park will break even in first year

A $1 billion Dubai indoor theme park built by a local family conglomerate will break even in its first year of operation, the company said on Sunday, dismissing concerns that the city is headed for a glut of entertainment attractions.

Published 25 Apr, 2016 12:00am

Iraq signs strategic agreement with GE to boost power grid

Iraq's Oil Ministry said on Sunday it had signed a long-term "strategic framework agreement" with General Electric which comprised several projects to boost national power resources. The ministry said in a statement one of the projects would generate more

Published 25 Apr, 2016 12:00am

UK says support for Tata's UK steel assets selloff will meet EU rules

Britain's efforts to help find a buyer for Tata Steel's UK assets will comply with European Union state aid regulations, Business Secretary Sajid Javid said on Sunday, insisting any deal would not be a bailout or nationalisation.

Published 25 Apr, 2016 12:00am

Nadal equals Vilas clay record with ninth Barcelona title

Rafael Nadal equalled Argentine legend Guillermo Vilas's record of 49 clay-court titles with his ninth Barcelona Open after overcoming defending champion Kei Nishikori 6-4, 7-5 on Sunday. Fresh from winning the Monte Carlo Masters last week, Nadal has now

Published 25 Apr, 2016 12:00am

BHS to go into administration

British department stores group BHS is expected to go into administration, possibly as early as Monday, a source with knowledge of the company's plans told Reuters on Sunday. Administration would endanger nearly 8,000 jobs at the company and another 3,000

Published 25 Apr, 2016 12:00am

Calf injury ends Pietersen's IPL stint

Former England batsman Kevin Pietersen will miss the remainder of the Indian Premier League (IPL) season due to a calf injury, the flamboyant stroke-maker has said. The 35-year-old faced only one ball in Rising Pune Supergiants' match against Royal Challe

Published 25 Apr, 2016 12:00am

Blanc to stay at PSG

Paris Saint-Germain chairman Nasser Al-Khelaïfi has said that Laurent Blanc will remain as coach of the club next season despite failing once again to get past the quarter-final stages of the Champions League.

Published 25 Apr, 2016 12:00am

Rossi wins Spanish Grand Prix from pole

Italian MotoGP great Valentino Rossi enjoyed one of the most satisfying wins of an extraordinary career by beating his Spanish rivals with a dominant display at their home circuit on Sunday. The 37-year-old Yamaha rider led every lap on the way to his 113

Published 25 Apr, 2016 12:00am

Kerb

Kerber defends Stuttgart title

World number three Angelique Kerber beat qualifier Laura Siegemund 6-4 6-0 on Sunday to defend her Stuttgart Grand Prix title and end her opponent's sensational run. Siegemund, who had beaten top-10 players Agnieszka Radwanska, Roberta Vinci and Simona Ha

Published 25 Apr, 2016 12:00am

World snooker championships: Ding holds upper hand over Trump, Selby into quarters

Ding Junhui held all the aces in his second round tie with Judd Trump, the Chinese star leading 6-2 after Sunday's morning session at the world championships in Sheffield. The pair split the first four frames, 2011 runner-up Trump levelling the score at 2

Published 25 Apr, 2016 12:00am

India's sports stars dismayed at Salman Khan move

India's sports stars reacted with dismay on Sunday after Bollywood's Salman Khan was appointed goodwill ambassador for India's Olympic team in the Rio Games later this year. Khan, who was cleared last year of killing a homeless man in a hit-and-run crash,

Published 25 Apr, 2016 12:00am

Brilliant Kipchoge and brave Sumgong light up London

Eliud Kipchoge produced the second fastest run in marathon history to successfully defend his London Marathon title while his Kenyan compatriot Jemima Sumgong showed remarkable courage after a fall to win the women's race on Sunday.

Published 25 Apr, 2016 12:00am

Wickham sends Palace to final showdown with United

Crystal Palace will face Manchester United in their first FA Cup final for 26 years after Connor Wickham sealed a 2-1 win over Watford at Wembley on Sunday. Alan Pardew's side swept into an early lead in the semi-final through Congo forward Yannick Bolasi

Published 25 Apr, 2016 12:00am

Ulloa nudges Leicester closer to title, Arsenal held

Leicester City need just five points to complete a fairytale Premier League title triumph after Leonardo Ulloa scored twice in a 4-0 home victory over Swansea City on Sunday. With top scorer Jamie Vardy suspended, his stand-in Ulloa stepped up with a brac

Published 25 Apr, 2016 12:00am

Exchange

Banks pile into equities trading, doing more creative things

Wall Street banks are piling into equities trading and doing increasingly creative things to win over clients. But as competition heats up, the low-margin business may come under further pressure. The list of banks focused on growing equities spans both s

Published 25 Apr, 2016 12:00am

Indonesia central bank holds rates, prepares for new benchmark

Indonesia's central bank on Thursday held rates for the first time this year, as expected, and some analysts see no further easing until it switches to a new benchmark rate in August. Bank Indonesia (BI), which has been frustrated that banks have not lowe

Published 25 Apr, 2016 12:00am

Time right for EBRD's first east European chief, says Belka

It is high time for an east European to run the European Bank for Reconstruction and Development (EBRD) after its 25 years of work in the ex-Soviet bloc, Polish central bank head and former prime minister Marek Belka said on Thursday.

Published 25 Apr, 2016 12:00am

Australia's membership of AAA-club carries hidden costs

It is an exclusive club of just 10 members. But what happens when the cost of staying in starts to outweigh that of leaving?

Published 25 Apr, 2016 12:00am

Mattel struggles as Barbie sales slip again

Mattel Inc reported a bigger-than-expected quarterly loss due to weak sales of its toys such as Barbie, Monster High and American Girl that are aimed at young girls, and the loss of a lucrative Disney license. The company shares fell 6.2 percent to $31 in

Published 25 Apr, 2016 12:00am

Currency

Tunisia sees tourism figures steady despite attacks

Tunisia expects to attract 5.5 million foreign tourists this year, about the same as last year, after increasing security at hotels and focusing on new markets to counter the fallout from militant attacks, the tourism minister said.

Published 25 Apr, 2016 12:00am

Mattel struggles as Barbie sales slip again

Mattel Inc reported a bigger-than-expected quarterly loss due to weak sales of its toys such as Barbie, Monster High and American Girl that are aimed at young girls, and the loss of a lucrative Disney license. The company shares fell 6.2 percent to $31 in

Published 25 Apr, 2016 12:00am

Exchange

Fukoku Life expects far smaller rise in hedged foreign debt

Fukoku Mutual Life Insurance expects a much smaller increase in hedged foreign debt this fiscal year due to rising hedging costs, while it plans to continue making steady investment in equities, a senior company official said on Monday.

Published 25 Apr, 2016 12:00am

Exchange

Fukoku Life expects far smaller rise in hedged foreign debt

Fukoku Mutual Life Insurance expects a much smaller increase in hedged foreign debt this fiscal year due to rising hedging costs, while it plans to continue making steady investment in equities, a senior company official said on Monday.

Published 25 Apr, 2016 12:00am

Exchange

J&J lifts 2016 estimates as dollar weakens

Johnson & Johnson beat quarterly earnings forecasts and slightly boosted its 2016 outlook, citing strong prescription drug revenue and a weakening dollar that will help improve sales in overseas markets.

Published 25 Apr, 2016 12:00am

Exchange

Alibaba financial affiliate valued at $60 billion: reports

China's top internet finance company, e-commerce giant Alibaba's affiliate Ant Financial, could start the process of going public this year, reports said on Monday, with the firm's latest fundraising valuing it at $60 billion.

Published 25 Apr, 2016 12:00am

Exchange

Novartis first quarter core net falls amid Alcon, Entresto revival bid

First-quarter core net income at Swiss drugmaker Novartis fell 13 percent as it reels from patent expiries, a struggling eye care business and lackluster sales of its new heart medicine. Core net income, which excludes some items, fell to $2.79 billion, c

Published 25 Apr, 2016 12:00am

ASML first quarter profit beats, expects strong Q2 but orders weaken

ASML Holding, a key supplier to major computer chip makers, on Wednesday reported first-quarter earnings ahead of expectations, and said it expects a strong second quarter.

Published 25 Apr, 2016 12:00am

Exchange

Novartis first quarter core net falls amid Alcon, Entresto revival bid

First-quarter core net income at Swiss drugmaker Novartis fell 13 percent as it reels from patent expiries, a struggling eye care business and lackluster sales of its new heart medicine. Core net income, which excludes some items, fell to $2.79 billion, c

Published 25 Apr, 2016 12:00am

China Mobile's first quarter net profit rises

China Mobile Ltd, the country's largest wireless carrier, said on Wednesday its net profit for the first three months of 2016 edged up by just 0.5 percent, as popular messaging apps continue to eat into revenues at network providers.

Published 25 Apr, 2016 12:00am

China Mobile's first quarter net profit rises

China Mobile Ltd, the country's largest wireless carrier, said on Wednesday its net profit for the first three months of 2016 edged up by just 0.5 percent, as popular messaging apps continue to eat into revenues at network providers.

Published 25 Apr, 2016 12:00am

Thai Tisco first quarter profit up 5.2 percent

Thailand's Tisco Financial Group Pcl said on Monday quarterly net profit rose 5.2 percent from a year ago due to higher net interest income and cost control, but lending fell 2.1 percent, hit by a sluggish economy and weak market for cars.

Published 25 Apr, 2016 12:00am

Thai Tisco first quarter profit up 5.2 percent

Thailand's Tisco Financial Group Pcl said on Monday quarterly net profit rose 5.2 percent from a year ago due to higher net interest income and cost control, but lending fell 2.1 percent, hit by a sluggish economy and weak market for cars.

Published 25 Apr, 2016 12:00am

BHP cuts iron ore target by 10 million tones

Mining giant BHP Billiton cut its fiscal 2016 iron ore output guidance for a second time on Wednesday, helping ease pressure on an oversupplied market as bad weather curbed output.

Published 25 Apr, 2016 12:00am

TCS fourth quarter profit surges, but results overshadowed by trade secrets case

India's biggest software services exporter Tata Consultancy Services Ltd (TCS) beat quarterly profit forecasts on Monday, but the results were overshadowed by an adverse judgment claiming it breached trade secrets.

Published 25 Apr, 2016 12:00am

TCS fourth quarter profit surges, but results overshadowed by trade secrets case

India's biggest software services exporter Tata Consultancy Services Ltd (TCS) beat quarterly profit forecasts on Monday, but the results were overshadowed by an adverse judgment claiming it breached trade secrets.

Published 25 Apr, 2016 12:00am

Emirates NBD Q1 net profit gains eight percent

Emirates NBD (ENBD), Dubai's largest lender, posted an 8 percent rise in first-quarter net profit on Tuesday, aided by smaller provisions for bad loans. The first major lender in the United Arab Emirates to announce its earnings said it made a net profit

Published 25 Apr, 2016 12:00am

Emirates NBD Q1 net profit gains eight percent

Emirates NBD (ENBD), Dubai's largest lender, posted an 8 percent rise in first-quarter net profit on Tuesday, aided by smaller provisions for bad loans. The first major lender in the United Arab Emirates to announce its earnings said it made a net profit

Published 25 Apr, 2016 12:00am

Saudi bank Samba first quarter profit dips 1.4 percent

Samba Financial Group, Saudi Arabia's third-largest bank by assets, reported a 1.4 percent drop in first-quarter net profit on Tuesday, in line with analyst forecasts. The bank made a profit of 1.26 billion riyals ($336.1 million) in the three months to M

Published 25 Apr, 2016 12:00am

Saudi bank Samba first quarter profit dips 1.4 percent

Samba Financial Group, Saudi Arabia's third-largest bank by assets, reported a 1.4 percent drop in first-quarter net profit on Tuesday, in line with analyst forecasts. The bank made a profit of 1.26 billion riyals ($336.1 million) in the three months to M

Published 25 Apr, 2016 12:00am

Canada PM lights up Internet explaining quantum computing

He has impressed world leaders, has a growing army of fans - many female - and is even credited with driving up tourism to Canada.

Published 25 Apr, 2016 12:00am

Annual Apple developers gathering set for June

Apple will hold its annual World-wide Developers Conference in San Francisco in June, the company announced Monday. The weeklong gathering will kick off on June 13 with a keynote presentation at which Apple will showcase its software platforms for mobile

Published 25 Apr, 2016 12:00am

Speedy eye-tracking device seeks to detect concussions

A newly-approved device using infrared cameras to track eye movements promises to help detect concussions in one minute, offering a speedy insight into whether athletes have sustained the injury.

Published 25 Apr, 2016 12:00am

Google's Android in numbers

Here are key dates and figures behind Alphabet-owned Google's Android operating software, a computing phenomenon that runs the vast majority of smartphones sold across the world.

Published 25 Apr, 2016 12:00am

Google empire built on search looks to other bets

A Google empire built on search shifted attention on Thursday to high-speed Internet networks, 360-degree video broadcasting and "other bets" as parent company Alphabet logged disappointing earnings.

Published 25 Apr, 2016 12:00am

Intel gambit aims for position in post-PC world

The massive shake-up announced by Intel reflects the rapid changes in the tech sector and aims to position the Silicon Valley titan for a post-PC world. The chip-making giant on Tuesday said it was cutting up to 11 percent of its global workforce, or some

Published 25 Apr, 2016 12:00am

Canada Netflix users complain as access to US service blocked

Some Canadian Netflix Inc users cried foul on Wednesday after the video-streaming giant appeared to have made good on its pledge to block access for customers using unauthorised services to view more varied American content.

Published 25 Apr, 2016 12:00am

App aims at bringing Shakespeare to new generation

A new iPad app intended to make William Shakespeare's works more accessible is being launched by actor Ian McKellen and director Richard Loncraine on Saturday, the 400th anniversary of the Bard's death.

Published 25 Apr, 2016 12:00am

Australia Prime Minister launches cybersecurity campaign

Australia set out a far-reaching cybersecurity strategy on Thursday, invoking the leaks of United States whistleblower Edward Snowden, terrorism and even the threat of war to push for a co-ordinated global approach to protection of online data.

Published 25 Apr, 2016 12:00am

As Microsoft soars on cloud, PC partner Intel seeks lift off

Microsoft Corp and Intel Corp's financial results this week brought into sharp relief the onetime PC partners' attempts to gear up for cloud computing, where Microsoft is soaring and Intel has not quite taken off.

Published 25 Apr, 2016 12:00am

Scientists warn more unhealthy ozone days in next decades

A warming planet means more hot days than before, and the phenomenon could cause three to nine more days per year when ozone levels are unhealthy by the 2050s, scientists warned on Thursday.

Published 25 Apr, 2016 12:00am

Gripped by drought, Ethiopia drills for water

With Ethiopia in the grip of its worst drought in decades, the government has appealed for aid to help the 10 million people living in Africa's second most-populous nation. But in the town of Wukro, surrounded by the rocky, arid mountains of the northern

Published 25 Apr, 2016 12:00am

Common medicines tied to changes in brain

Commonly used drugs for problems like colds, allergies, depression, high blood pressure and heart disease have long been linked to cognitive impairment and dementia. Now researchers have some fresh evidence that may help explain the connection.

Published 25 Apr, 2016 12:00am

Currency	Rate
USD PKR Interbank Selling / Nov 21	278.16
USD PKR Interbank Buying / Nov 21	277.96
USD to Japanese Yen / Nov 21	154.53
USD to Swiss Franc / Nov 21	0.89
Pound Sterling to USD / Nov 21	1.26
Euro to USD / Nov 21	1.05

Stock	Volume
S&P 500 / Nov 21	5,948.71
India Sensex / Nov 21	77,155.79
Tokyo Nikkei / Nov 21	38,026.17
Nasdaq / Nov 21	18,972.42
Hang Seng / Nov 21	19,601.11
FTSE 100 / Nov 21	8,149.27
Dow Jones / Nov 21	43,870.35
Germany DAX 30 / Nov 21	19,146.17

Item	Value
Crude Oil USD/Barrel / Nov 21	70.18
Karachi Cotton PKR/37.32 KG / Nov 21	17,785
Gold 10 Grams PKR / Nov 21	238,340
Gold Spot USD/Ounce / Nov 21	2,669.46
Cotton US¢/pound / Nov 21	70.43
Petrol/Litre / Nov 22	248.38

Stock	Price
786 Invest Ltd / Nov 22 786 Investments Limited(786)	7.15 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 22 Al-Abbas Sugar Mills Limited(AABS)	620.68 ▼ 0.00 (0.00%)
Agro Allianz / Nov 22 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 22 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 22 Ali Asghar Textile Mills Limited(AATM)	69.40 ▼ 0.00 (0.00%)
Allied Bank / Nov 22 Allied Bank Limited(ABL)	115 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 22 Abbott Laboratories (Pakistan) Limited(ABOT)	1,084.82 ▼ 0.00 (0.00%)
Abson Ind. / Nov 22 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 22 Alfalah Consumer Index ETF.(ACIETF)	12.35 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 22 786 Investments Limited(786)	7.15 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 22 Al-Abbas Sugar Mills Limited(AABS)	620.68 ▲ 0.00 (0.00%)
Agro Allianz / Nov 22 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 22 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 22 Ali Asghar Textile Mills Limited(AATM)	69.40 ▲ 0.00 (0.00%)
Allied Bank / Nov 22 Allied Bank Limited(ABL)	115 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 22 Abbott Laboratories (Pakistan) Limited(ABOT)	1,084.82 ▲ 0.00 (0.00%)
Abson Ind. / Nov 22 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 22 Alfalah Consumer Index ETF.(ACIETF)	12.35 ▲ 0.00 (0.00%)

Stock	Volume
WorldCall Telecom / Nov 22 Worldcall Telecom Limited(WTL)	95,563,962 ▲ 0.00
Pace (Pak) Ltd. / Nov 22 Pace (Pakistan) Limited(PACE)	51,499,190 ▲ 0.00
Kohinoor Spining / Nov 22 Kohinoor Spinning Mills Limited(KOSM)	48,260,119 ▲ 0.00
K-Electric Ltd. / Nov 22 K-Electric Limited(KEL)	44,585,332 ▲ 0.00
Treet Battery / Nov 22 Treet Battery Limited(TBL)	42,849,466 ▲ 0.00
Waves Home Appliances / Nov 22 Waves Home Appliances Limited(WAVESAPP)	41,650,133 ▲ 0.00
PIA Holding Co.Ltd / Nov 22 PIA Holding Company Limited(PIAHCLA)	33,841,692 ▲ 0.00
Fauji Foods Ltd / Nov 22 Fauji Foods Limited(FFL)	25,303,681 ▲ 0.00
Cnergyico PK / Nov 22 Cnergyico PK Limited(CNERGY)	25,120,112 ▲ 0.00

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