News Archives for Print - 2016-05-09

Currency

Syrian pound hits lowest value in war

Syria's currency hit its lowest value since the start of the country's five-year conflict on Sunday, having depreciated more than 92 percent, an economist said.

Published 09 May, 2016 12:00am

Saudi Arabia to maintain 'stable' oil policies, says energy minister

The new energy minister of Saudi Arabia, the world's biggest oil exporter, on Sunday pledged continuity in the kingdom's oil policy, after being named in a major government overhaul. "Saudi Arabia will maintain its stable petroleum policies," Khalid al-Fa

Published 09 May, 2016 12:00am

Airbus sets sights on the stratosphere with glider flight

Airbus completed a test flight Saturday of a glider set to eventually travel to the edge of space, in a pioneering step into the stratosphere. The Perlan 2's flight, from an airstrip in the western US state of Nevada, took place two hours after the planne

Published 09 May, 2016 12:00am

Afridi, Hafeez, Imad and Haris say no to fitness tests

While Pakistan Cricket Board (PCB) is conducting fitness tests of Pakistani cricketers here at National Cricket Academy (NCA), all-rounder Shahid Afridi, who resigned from T20 captainship and batsman Mohammad Hafeez opted out of the fitness tests due to v

Published 09 May, 2016 12:00am

Davis piles on the misery for Spurs

Steven Davis added to Tottenham's misery in the aftermath of their failed Premier League title challenge as the Southampton midfielder's double sealed a 2-1 win on Sunday. Mauricio Pochettino's side had gifted the crown to Leicester after squandering the

Published 09 May, 2016 12:00am

Celtic clinch championship

Celtic clinched the Scottish Premiership championship for the fifth time in a row as they survived a nervy finish to seal a 3-2 win over nearest challengers Aberdeen at Parkhead on Sunday. The Glasgow giants got off to the perfect start as Patrick Roberts

Published 09 May, 2016 12:00am

Allen and Firmino see Liverpool to Watford win

Goals from Joe Allen and Roberto Firmino helped Liverpool earn three points against Watford in an underwhelming 2-0 win at Anfield on Sunday. Neither set of fans will take home warm memories of this match as it was classic end-of-season stuff between two

Published 09 May, 2016 12:00am

Infantino seeks backing for FIFA reforms

New FIFA president Gianni Infantino will seek more support for reforms to the scandal-rocked world football when its leaders and annual congress meet in Mexico City this week.

Published 09 May, 2016 12:00am

Lorenzo wins French MotoGP, leads championship

Jorge Lorenzo put in an exhibition ride to win a thrilling French MotoGP Grand Prix and go top of the world championship standings on Sunday. The Yamaha rider crossed the line more than 10 seconds clear of his team-mate Valentino Rossi, with Maverick Vina

Published 09 May, 2016 12:00am

Villarreal sign first Qatari in La Liga history

Teenage forward Akram Afif is set to become the first player from Qatar ever to play in La Liga and possibly the Champions League after being signed by Spanish club Villarreal. Afif on Sunday described his transfer as a "dream" after his move was confirme

Published 09 May, 2016 12:00am

Djokovic reaches Madrid final

World number one Novak Djokovic set-up a mouth-watering Madrid Masters final showdown against defending champion Andy Murray by seeing off Japan's Kei Nishikori 6-3, 7-6 (7/4) on Saturday. Murray, the second seed, earlier registered just his second ever w

Published 09 May, 2016 12:00am

Alvarez knocks out Khan to retain WBC middleweight title

Canelo Alvarez defended his World Boxing Council middleweight belt Saturday by knocking out Amir Khan with a vicious right hand late in the sixth round of their Las Vegas title fight.

Published 09 May, 2016 12:00am

Taimur wins 49th KP Amateur Golf title

Regaining national champion Taimur Naseer clinched the coveted trophy of the prestigious and oldest 49th Khyber Pakhtunkhwa Amateur Golf Championship after securing four under par 212 over 54-holes here at PAF Golf Course on Sunday. Spotted, groomed, poli

Published 09 May, 2016 12:00am

Totti plays 600th league game as Roma go second

Francesco Totti came off the bench to make his 600th league appearance for AS Roma as they beat in-form Chievo 3-0 at home on Sunday to climb to second place in Serie A. The victory moved Roma up to 77 points with one game left in the race for the second

Published 09 May, 2016 12:00am

Barca edge towards title, Atletico beaten

Barcelona are one win away from retaining their La Liga title after Lionel Messi, Luis Suarez and Neymar all scored as they thrashed Espanyol 5-0 in the Catalan derby on Sunday. Real Madrid moved into second place a point behind Barca with one game remain

Published 09 May, 2016 12:00am

Australia retail prices nearly flat in first quarter, trade deficit narrows

Australian retail sales grew only modestly last quarter as fierce competition kept prices rises to a minimum, one reason the Reserve Bank of Australia (RBA) cut interest rates this week.

Published 09 May, 2016 12:00am

Enel has presented informal offer for Metroweb stake

Italian utility Enel has presented an informal offer to buy a majority stake in fibre network company Metroweb as part of its plans to roll out a high-speed Internet network, a source familiar with the matter said on Saturday. The offer would see Enel acq

Published 09 May, 2016 12:00am

Hong Kong March retail sales fall for 13th straight month

Hong Kong retail sales fell for the 13th successive month in March, as a fall in visitors and weak local consumption deepened the pain for retailers in Asia's shopping hub.

Published 09 May, 2016 12:00am

Digging deep in South Africa as diamond hunt gets tougher

Proof that diamonds are getting harder to find can be seen in the South African bush, where one of the world's largest mining companies is spending $2 billion tunnelling beneath a vast open-pit mine.

Published 09 May, 2016 12:00am

Big pharma dominates ranking of stocks with best five-year returns

US pharmaceutical companies dominated an annual global ranking of top 10 large-cap stocks with the best five-year returns, according to an analysis released on Tuesday by Boston Consulting Group.

Published 09 May, 2016 12:00am

Big pharma dominates ranking of stocks with best five-year returns

US pharmaceutical companies dominated an annual global ranking of top 10 large-cap stocks with the best five-year returns, according to an analysis released on Tuesday by Boston Consulting Group.

Published 09 May, 2016 12:00am

Currency

BMW races ahead to new quarterly records

German automaker BMW on Tuesday said the road towards its full-year targets was clear after it clocked up record sales volumes and earnings in the first three months.

Published 09 May, 2016 12:00am

Philips to spin off lighting branch in 'historic' IPO

Dutch electronics giant Philips announced on Tuesday it was floating its lighting arm on the stock market in a "historic" initial public offering, after failing for over 18 months to find a buyer. Philips said it aimed to spin off at least a quarter of Ph

Published 09 May, 2016 12:00am

Currency

Air France-KLM posts first quarter rebound

Air France-KLM posted a stronger-than-expected recovery in the first quarter due in part to low oil prices, but warned of geopolitical risks and airline overcapacity while reaffirming its targets for the year.

Published 09 May, 2016 12:00am

ExxonMobil launches venture for low-cost carbon capture

Oil giant ExxonMobil said on Thursday it was starting a new venture that could make carbon dioxide capture a more economically attractive way to fight global warming. ExxonMobil said its new agreement with FuelCell Energy aims to develop technology for ca

Published 09 May, 2016 12:00am

Currency

DBS core first quarter profit rises six percent; China-linked trade loans plunge

DBS Group Holdings, Singapore's biggest lender, beat forecasts with a 6 percent rise in its core quarterly profit, but a slump in mainly China-related trade loans signalled how Chinese risks are spreading across the region.

Published 09 May, 2016 12:00am

Currency

DBS core first quarter profit rises six percent; China-linked trade loans plunge

DBS Group Holdings, Singapore's biggest lender, beat forecasts with a 6 percent rise in its core quarterly profit, but a slump in mainly China-related trade loans signalled how Chinese risks are spreading across the region.

Published 09 May, 2016 12:00am

Currency

Zain to buy Etisalat's stake in Sudan's Canar

Kuwaiti telecom firm Zain has agreed to buy Abu Dhabi-listed Etisalat's 92.3 percent stake in Sudanese fixed line operator Canar for 349.6 million dirhams ($95.2 million). The deal would strengthen Zain's grip on Sudan's telecom sector where it is already

Published 09 May, 2016 12:00am

Deutsche Telekom first quarter core profit up

Deutsche Telekom said on Wednesday its first-quarter core profit rose on the back of its ongoing success in the United States, which offset investments in its European networks. The company said adjusted earnings before interest, tax, depreciation and amo

Published 09 May, 2016 12:00am

MetLife profit misses on weak returns

MetLife Inc, the largest US life insurer, reported a quarterly operating profit that fell far short of expectations as income from investments in hedge funds and bonds declined. American International Group Inc, the No. 1 US commercial insurer, earlier re

Published 09 May, 2016 12:00am

New models boost Volvo Cars as profitability soars in first quarter

Chinese-owned Volvo Car Group swung to a profit in the first quarter as its new up-market models helped drive profitability to a level more in line with bigger rivals and seen as key in its quest to carve out a niche in the premium car market.

Published 09 May, 2016 12:00am

Anyone can try IBM's powerful quantum computer

IBM on Wednesday opened its quantum computer processor to anyone who wants to try what is expected to be a new kind of computing with enormously improved power and speed. The cloud-based computing system will allow users to explore the technology, which s

Published 09 May, 2016 12:00am

Long-form journalism lives - on mobile

If you thought long-form journalism would die from the shift to mobile news, think again. A Pew Research Center study released Thursday found consumers spend more time on their phones with long-form news articles than with shorter ones, and that the elusi

Published 09 May, 2016 12:00am

Netflix tool helps mobile viewers manage data limits

Netflix on Thursday released a new tool to help people viewing streamed television shows on mobile devices avoid costly bills for high data use.

Published 09 May, 2016 12:00am

App to identify poorest girls in India can help prevent trafficking: charity

A tablet-based application that helps to identify some of the poorest girls in eastern India has the potential to prevent human trafficking, early marriage and child labour, according to a charity which has developed the app.

Published 09 May, 2016 12:00am

Windows 10 spreads to 300m devices

Microsoft announced Thursday that its latest Windows operating system designed to work on laptops, desktops, smartphones, Xbox One consoles and more is powering 300 million devices around the world. "We're seeing people at home, at schools, at small busin

Published 09 May, 2016 12:00am

Chrome crowned top Internet browser by market tracker

Google Chrome on Monday was crowned the top Internet browser, officially ending the long reign of Microsoft Internet Explorer (IE). NetMarketShare calculated the Chrome had 41.7 percent of desktop browser share in April, narrowly topping the 41.4 share fo

Published 09 May, 2016 12:00am

eASIC joins the Open POWER Foundation to offer Custom-Designed Accelerator Chips

eASIC Corporation, a fabless semiconductor company that delivers a custom integrated circuit (IC) platform (eASIC Platform) Thursday announced it has joined the OpenPOWER Foundation, an open development community based on the POWER microprocessor architec

Published 09 May, 2016 12:00am

Hulu to sell Internet TV package with live programming

Hulu is expanding its Internet TV programming with a subscription service offering a mix of live cable and broadcast options that will include news and sports. The move will pit 8-year-old Hulu, a streaming service created by TV networks to counter the th

Published 09 May, 2016 12:00am

US families struggling with teens' phone addiction: report

Half of teenagers in the United States feel addicted to their mobile phones, with most checking the devices at least every hour and feeling pressured to respond immediately to messages, a survey released on Tuesday found.

Published 09 May, 2016 12:00am

Tech world eyes digital life beyond the smartphone

The smartphone revolutionised how people live and work, but the technology world is now struggling to see what comes next. As smartphone sales have peaked in most major markets, Apple, Samsung and others are being forced to rethink their business models t

Published 09 May, 2016 12:00am

Scientists using smartphone app warn of 'global sleep crisis'

Social pressures are forcing people to cut back on their sleep, contributing to a "global sleep crisis," according to a new study based on research collected through a smartphone app.

Published 09 May, 2016 12:00am

Common calculator 'overestimates' heart disease risk

A commonly used method of calculating a person's risk of heart attack or stroke in the next five years may overestimate the actual risk, leading doctors to unnecessarily prescribe cholesterol-lowering drugs, researchers said on Monday. The study was publi

Published 09 May, 2016 12:00am

Psychotherapy video chats may help with 'chemo brain'

Memory problems that plague cancer survivors after chemotherapy can sometimes be improved with a type of psychotherapy delivered by video chat, a new study suggests. "We don't really know the prevalence, but maybe 40 to 50 percent of individuals (treated

Published 09 May, 2016 12:00am

Polluted air may up risk of many cancers

For elderly people in Hong Kong, long term exposure to fine-particle air pollution is tied to an increased risk of dying from many cancers, including breast, liver and pancreatic cancer, in addition to the expected lung cancer risk, according to a new stu

Published 09 May, 2016 12:00am

Bacteria blocks mosquitoes from transmitting Zika

Infecting mosquitoes with a strain of bacteria known as Wolbachia significantly reduced their ability to transmit the Zika virus, Brazilian researchers said on Wednesday, raising hope for this biological method of blocking transmission of the deadly virus

Published 09 May, 2016 12:00am

Yoga may help relieve asthma symptoms

Yoga seems to provide small improvements in symptoms and quality of life in people with asthma, according to a new review. The practice of yoga includes breathing exercises, postures (called asanas), and meditation. Yoga has been proposed as a treatment f

Published 09 May, 2016 12:00am

Floods following drought worsen Ethiopian hunger

Stuck on a track in eastern Ethiopia, trucks carrying food for the starving are forced to turn back. After one of the worst droughts for decades, the rains have finally arrived, but now only add to the complication of the delivery of food aid. Flash flood

Published 09 May, 2016 12:00am

Social activist Khurram Zaki laid to rest

Khurram Zaki - a social activist, who was shot dead by unknown motorists on Saturday night, was laid to rest at Wadi-e-Hussain graveyard on Sunday. "Zaki was a human rights activist and known to be an avid campaigner against sectarian violence," Asif Safv

Published 09 May, 2016 12:00am

EU team condemns HR activist's killing

Human rights activist and journalist Khurram Zaki, a vocal opponent against sectarian violence and hatred, was murdered on Saturday evening by unknown assailants also wounding two other persons. This heinous crime is a stark reminder of the grave dangers

Published 09 May, 2016 12:00am

Zardari for arresting murderers

Former President Asif Ali Zardari on Sunday directed the Sindh government to arrest the murderers of social activist Syed Khurram Zaki and bring them to book as soon as possible. Asif Zardari expressed his deep sorrow and grief over the murder of Syed Khu

Published 09 May, 2016 12:00am

16 non-duty paid vehicles seized

Customs Collectorate, Peshawar seized 16 non-customs paid vehicles worth Rs.34.6 million during the month of April 2016. The seized vehicles were included a BMW worth Rs.5 million and Toyota PRADO Land cruiser worth Rs.2 million and other precious vehicle

Published 09 May, 2016 12:00am

KPCCI seeks inclusion of moveable, immovable assets in VTCS

Khyber Pakhtunkhwa Chamber of Commerce & Industry (KPCCI) has asked the federal government to include all moveable and immovable assets in Voluntary Tax Compliance Scheme (VTCS) introduced for whitening of untaxed incomes.

Published 09 May, 2016 12:00am

Prime Minister for strengthening women's role in family life

Prime Minister Nawaz Sharif on Sunday said that he would continue to uphold his commitment to strengthen women's role in family life. In his message to the nation on the Mother's Day observed on May 8, the prime minister said he would make sure that mothe

Published 09 May, 2016 12:00am

Power theft inflicts Rs 2 billion loss per month on Pesco

Chief Executive, Peshawar Electricity Supply Company (Pesco) Anwar Ul Haq Yousafzai visited 132 KV Timargara and Jalala Grid Stations and inaugurated 11 KV New Sher Ghar and New Badraga feeders.

Published 09 May, 2016 12:00am

FBR inaugurates PTC to promote tax culture

The inaugural ceremony of Peshawar Chapter Pakistan Taxation Club (PTC) was held here at Regional Tax Office (RTO) on Sunday, the club will bring the business community, taxpayers, consultant and collectors closer to each other. Member (IR-Operations) Fed

Published 09 May, 2016 12:00am

Competency-based training highlighted

Khyber Pakhtunkhwa Technical Education and Vocational Training Authority (TEVTA) convened a meeting of all principals of the Colleges of Technology (COTs) in Peshawar with Chairman KP-TEVTA, Muhammad Arshad Umerzai special advisor to Chief Minister for te

Published 09 May, 2016 12:00am

Former PM urges Prime Minister to quit

Pakistan People's Party (PPP) senior leader and former premier Raja Pervez Ashraf on Sunday insisted on Prime Minister Nawaz Sharif's resignation with a view to investigate the allegations levelled against his family in the Panama papers in an independent

Published 09 May, 2016 12:00am

CPEC: Sherpao says Centre doesn't want to address reservations

Member of the National Assembly and chairman Qaumi Watan Party (QWP) Aftab Ahmad Khan Sherpao has said that the federal government was has adopted delaying tactics in removal of reservations of the Khyber Pakhtunkhwa over China-Pakistan Economic Corridor

Published 09 May, 2016 12:00am

Prices of many essential items witness downward trend

Prices of most of the essential food items, except chicken, sugar, flour, and fruits in the city markets, witnessed a downward trend, according to A survey conducted by the Business Recorder here on Sunday.

Published 09 May, 2016 12:00am

Regularizing overseas investment

The recent hue and cry over foreign assets owned by Pakistanis seems to have finally persuaded the State Bank to make some meaningful move on the issue. According to a news item in Business Recorder on 6th May, 2016, SBP has suggested measures for

Published 09 May, 2016 12:00am

A criminal blight

Honour killings are a criminal blight and a black mark on the face of our society. But even as such crimes go, the latest incident of the murder of a 16-year-old girl on the orders of a jirga (informal council of elders) makes the hackles rise on two coun

Published 09 May, 2016 12:00am

The IMF's tenth review - II

The IMF tenth review states that further widening of the tax net and ensuring fairness of the tax system remain important to consolidate the gains in addressing Pakistan's fiscal vulnerabilities while generating the necessary resources for higher priority

Published 09 May, 2016 12:00am

Is Hillary a sure thing for the White House?

In a US election that has ripped up, chewed through and spat out conventional wisdom, Hillary Clinton is still prohibitive favourite to beat Donald Trump in November. Few analysts or journalists predicted that Trump - a blustering mogul with less politica

Published 09 May, 2016 12:00am

Reshuffle shows Saudi determination to change: experts

With a major government reshuffle, Saudi Arabia's King Salman and his powerful son have shown their determination to move the kingdom's economy away from oil, experts say.

Published 09 May, 2016 12:00am

MQM activist's death in Rangers' custody

It is indeed a matter of great satisfaction that army chief Raheel Sharif has ordered an inquiry into the death of a political activist in custody of the paramilitary Rangers force, the first known inquiry since 2013 when Rangers launched a major crime cr

Published 09 May, 2016 12:00am

Jobs that accountants are being pulled into are only going to proliferate, says Stuart Dunlop

Stuart Dunlop is Head of the Association of Chartered Certified Accountants (ACCA) in the Middle East with responsibility for the growth and operation of ACCA's business throughout the region. ACCA has operations in the UAE and Oman and works with par

Published 09 May, 2016 12:00am

Jobs that accountants are being pulled into are only going to proliferate, says Stuart Dunlop

Stuart Dunlop is Head of the Association of Chartered Certified Accountants (ACCA) in the Middle East with responsibility for the growth and operation of ACCA's business throughout the region. ACCA has operations in the UAE and Oman and works with par

Published 09 May, 2016 12:00am

Shahbaz orders early completion of Raiwind hospital project

Punjab Chief Minister Muhammad Shahbaz Sharif paid a surprise visit to under-construction 60-bed Tehsil Headquarters Hospital at Raiwind city on Sunday. He inspected under-construction wards, operation theatres, kitchen and labs and issued necessary instr

Published 09 May, 2016 12:00am

Imran questions Rs 430 million allocation for Nawaz's 'personal home'

Chairman, Pakistan Tehreek-e-Insaf, Imran Khan on Sunday criticised approval of Rs 430 million by the government for what he called refurbishing of Prime Minister Nawaz Sharif's personal home in the pretext of Saarc Summit in Murree.

Published 09 May, 2016 12:00am

CPEC to help improve GB's economic prospects: CM

Gilgit Baltistan Chief Minister, Hafiz Hafeezur Rehman has said China-Pakistan Economic Corridor (CPEC) would have a positive impact on the country as it would transform Gilgit-Baltistan (GB) into an investment haven. He asked the private sector to take i

Published 09 May, 2016 12:00am

Aaj TV - Monday's schedule

All timings are in PST (Pakistan Standard Time).

Published 09 May, 2016 12:00am

Currency

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (May 2 to 6, 2016).

Published 09 May, 2016 12:00am

Returns on Profit and Loss Sharing Investment Bank Accounts (July to December 2015)

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

Published 09 May, 2016 12:00am

The Weather

The weather report on Sunday (May 01, 2016) and the forecast for Monday (May 02, 2016).

Published 09 May, 2016 12:00am

London mayor condemns 'Trump-style' attacks

London's new Muslim mayor Sadiq Khan accused Prime Minister David Cameron on Sunday of using "Donald Trump playbook" tactics to try to divide communities in a bid to prevent his election. The day after being sworn in with a promise to be "mayor for all Lo

Published 09 May, 2016 12:00am

London mayor condemns 'Trump-style' attacks

London's new Muslim mayor Sadiq Khan accused Prime Minister David Cameron on Sunday of using "Donald Trump playbook" tactics to try to divide communities in a bid to prevent his election. The day after being sworn in with a promise to be "mayor for all Lo

Published 09 May, 2016 12:00am

Currency

THE RUPEE: slight recovery

A modest recovery was seen in the value of the rupee versus the dollar on the money market during the week, ended on 07, 2017. In the interbank market, the rupee picked up seven paisas in relation to the dollar for buying and selling at Rs 104.69 and Rs 1

Published 09 May, 2016 12:00am

Currency

THE RUPEE: slight recovery

A modest recovery was seen in the value of the rupee versus the dollar on the money market during the week, ended on 07, 2017. In the interbank market, the rupee picked up seven paisas in relation to the dollar for buying and selling at Rs 104.69 and Rs 1

Published 09 May, 2016 12:00am

China to help Pakistan reduce poverty: Lou

Chinese Finance Minister Lou Jiwei disclosed that China will donate 100 million US dollars to the 11th replenishment of the Asian Development Fund to help low-income members of Asian Development Bank (ADB) including Pakistan in reducing poverty.AIIB and A

Published 09 May, 2016 12:00am

China to help Pakistan reduce poverty: Lou

Chinese Finance Minister Lou Jiwei disclosed that China will donate 100 million US dollars to the 11th replenishment of the Asian Development Fund to help low-income members of Asian Development Bank (ADB) including Pakistan in reducing poverty.AIIB and A

Published 09 May, 2016 12:00am

China to help Pakistan reduce poverty: Lou

Chinese Finance Minister Lou Jiwei disclosed that China will donate 100 million US dollars to the 11th replenishment of the Asian Development Fund to help low-income members of Asian Development Bank (ADB) including Pakistan in reducing poverty.AIIB and A

Published 09 May, 2016 12:00am

Growers, exporters: WTO agrees to provide tech assistance

The World Trade Organisation (WTO) has agreed to provide technical assistance to Pakistani growers and exporters on Sanitary and Phytosanitary (SPS) regime. According to a senior official of Ministry of Commerce one issue which cropped up in all key meeti

Published 09 May, 2016 12:00am

Growers, exporters: WTO agrees to provide tech assistance

The World Trade Organisation (WTO) has agreed to provide technical assistance to Pakistani growers and exporters on Sanitary and Phytosanitary (SPS) regime. According to a senior official of Ministry of Commerce one issue which cropped up in all key meeti

Published 09 May, 2016 12:00am

Growers, exporters: WTO agrees to provide tech assistance

The World Trade Organisation (WTO) has agreed to provide technical assistance to Pakistani growers and exporters on Sanitary and Phytosanitary (SPS) regime. According to a senior official of Ministry of Commerce one issue which cropped up in all key meeti

Published 09 May, 2016 12:00am

Growers, exporters: WTO agrees to provide tech assistance

The World Trade Organisation (WTO) has agreed to provide technical assistance to Pakistani growers and exporters on Sanitary and Phytosanitary (SPS) regime. According to a senior official of Ministry of Commerce one issue which cropped up in all key meeti

Published 09 May, 2016 12:00am

Heavy activity Witnessed

Banking and oil stocks were the major drivers as Pakistan equities moved northward to increase 3.6 percent during the week that ended on Friday, May 6. Benchmark KSE-100 index settled at 35,974 points amid heavy trading activity led primarily by investors

Published 09 May, 2016 12:00am

Heavy activity Witnessed

Banking and oil stocks were the major drivers as Pakistan equities moved northward to increase 3.6 percent during the week that ended on Friday, May 6. Benchmark KSE-100 index settled at 35,974 points amid heavy trading activity led primarily by investors

Published 09 May, 2016 12:00am

Heavy activity Witnessed

Banking and oil stocks were the major drivers as Pakistan equities moved northward to increase 3.6 percent during the week that ended on Friday, May 6. Benchmark KSE-100 index settled at 35,974 points amid heavy trading activity led primarily by investors

Published 09 May, 2016 12:00am

OIC delegation on Kashmir visiting Pakistan

OIC Secretary General's Special Representative on Jammu and Kashmir, Ambassador Abdullah Alim is visiting Pakistan and Azad Jammu and Kashmir from May 8 to 12, 2016 on the invitation of the Advisor to the Prime Minister on Foreign Affairs.

Published 09 May, 2016 12:00am

OIC delegation on Kashmir visiting Pakistan

OIC Secretary General's Special Representative on Jammu and Kashmir, Ambassador Abdullah Alim is visiting Pakistan and Azad Jammu and Kashmir from May 8 to 12, 2016 on the invitation of the Advisor to the Prime Minister on Foreign Affairs.

Published 09 May, 2016 12:00am

Second issue of 'Leaks' likely today

The second instalment of Panama Papers involving more than 400 Pakistanis who own offshore companies is likely to be released (Monday) today. The Leaks are a searchable database by the International Consortium of Investigative Journalists (ICIJ) with info

Published 09 May, 2016 12:00am

Second issue of 'Leaks' likely today

The second instalment of Panama Papers involving more than 400 Pakistanis who own offshore companies is likely to be released (Monday) today. The Leaks are a searchable database by the International Consortium of Investigative Journalists (ICIJ) with info

Published 09 May, 2016 12:00am

ToRs for proposed commission: PM says won't accept anyone's 'dictation'

Prime Minister Nawaz Sharif has stated that he will not accept anyone's `dictation' on the Terms of References (TORs) regarding the commission to investigate the Panama Papers scandal.

Published 09 May, 2016 12:00am

ToRs for proposed commission: PM says won't accept anyone's 'dictation'

Prime Minister Nawaz Sharif has stated that he will not accept anyone's `dictation' on the Terms of References (TORs) regarding the commission to investigate the Panama Papers scandal.

Published 09 May, 2016 12:00am

Opposition summons meeting today to devise strategy

The combined opposition would chalk out its future discourse today (Monday) following the government and its allied parties rejected the terms of references (ToRs) it had sent to Prime Minister Nawaz Sharif for formation of a judicial commission to invest

Published 09 May, 2016 12:00am

Opposition summons meeting today to devise strategy

The combined opposition would chalk out its future discourse today (Monday) following the government and its allied parties rejected the terms of references (ToRs) it had sent to Prime Minister Nawaz Sharif for formation of a judicial commission to invest

Published 09 May, 2016 12:00am

Green Line Bus to mitigate sufferings of commuters

Work on Green Line Bus (GLB) project announced by Prime Minister Mian Nawaz Sharif goes n rapidly and it will complete next year. The bus project will considerably mitigate the sufferings of commuters of Karachi and the Karachiites feel indebted to the fe

Published 09 May, 2016 12:00am

Online driving license system to ease applicants

On the special directives of Inspector General of Police (IGP) Sindh AD Khawaja, Karachi Driving Licence Department (KDLD) would be made centralised office to facilitate new applicants applying for learner driving licences, said DIG Licence Mazhar Nawaz S

Published 09 May, 2016 12:00am

Sale of F-16 jets: issue will be resolved soon: Aizaz

Foreign Secretary Aizaz Ahmed Chaudhry on Sunday said Pakistan had achieved immense success in the war against terrorism. Pakistan was a main coalition partner of the United States in the war against terrorism and both countries enjoyed good relations, he

Published 09 May, 2016 12:00am

Currency	Rate
USD PKR Interbank Selling / May 13	281.73
USD PKR Interbank Buying / May 13	281.53
USD to Japanese Yen / May 13	147.90
USD to Swiss Franc / May 13	0.84
Pound Sterling to USD / May 13	1.32
Euro to USD / May 13	1.11
UK LIBOR % / May 12	4.96

Stock	Volume
S&P 500 / May 12	5,844.19
Nasdaq / May 12	18,708.34
Dow Jones / May 12	42,410.10
India Sensex / May 13	81,726.97
Tokyo Nikkei / May 13	38,305.85
Hang Seng / May 13	23,188.20
FTSE 100 / May 13	8,606.55
Germany DAX 30 / May 13	23,595.02
France CAC40 / May 13	7,859.80

Item	Value
Karachi Cotton PKR/37.32 KG / May 12	16,985
Gold 10 Grams PKR / May 12	291,923
Crude Oil USD/Barrel / May 13	61.90
Gold Spot USD/Ounce / May 13	3,253.26
Cotton US¢/pound / May 13	66.85
Petrol/Litre / May 14	252.63
Diesel/Litre / May 14	256.64

Stock	Price
Grays Leasing / May 13 Grays Leasing Limited(GRYL)	4.51 ▲ 0.72 (19%)
TPL Trakker Ltd / May 13 TPL Trakker Limited(TPLT)	6.59 ▲ 1 (17.89%)
Al-Shaheer Corp / May 13 Al Shaheer Corporation Limited(ASC)	6.88 ▲ 1 (17.01%)
B. F. Mod. / May 13 B.F. Modaraba(BFMOD)	8.34 ▲ 1 (13.62%)
Burj Clean Energy Modaraba / May 13 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	9.11 ▲ 1 (12.33%)
Mahanna Islamic Index / May 13 Mahanna Islamic Index Traded Fund(MIIETF)	15.47 ▲ 1.65 (11.94%)
Haseeb Waqas / May 13 Haseeb Waqas Sugar Mills Limited(HWQS)	9.59 ▲ 1 (11.64%)
Gulshan Sp. / May 13 Gulshan Spinning Mills Limited(GSPM)	3.40 ▲ 0.35 (11.48%)
Ghazi Fabrics / May 13 Ghazi Fabrics International Limited(GFIL)	10.17 ▲ 1 (10.91%)
PIA Holding Co.Ltd / May 13 PIA Holding Company Limited(PIAHCLA)	14.80 ▲ 1.35 (10.04%)

Stock	Price
Power Cem(Pref) / May 13 Power Cement (Pref)(POWERPS)	15.35 ▼ -1.71 (-10.02%)
Bilal Fibres / May 13 Bilal Fibres Limited(BILF)	19.59 ▼ -2.18 (-10.01%)
TPL Life Insur. / May 13 TPL Life Insurance Limited(TPLL)	46.80 ▼ -5.2 (-10%)
Din Tex. / May 13 Din Textile Mills Limited(DINT)	45 ▼ -4.99 (-9.98%)
Mughal Energy / May 13 Mughal Energy Limited(GEM)(GEMMEL)	19.90 ▼ -2.12 (-9.63%)
Suhail Jute / May 13 Suhail Jute Mills Limited(SUHJ)	78.36 ▼ -8.24 (-9.52%)
First Punjab Modaraba / May 13 First Punjab Modaraba(FPJM)	2.77 ▼ -0.28 (-9.18%)
Parmount Sp. / May 13 Paramount Spinning Mills Limited(PASM)	3.36 ▼ -0.31 (-8.45%)
First AL-Noor Mod. / May 13 First Al-Noor Modaraba(FANM)	2.95 ▼ -0.25 (-7.81%)
First IBL Mod. / May 13 First IBL Modaraba(FIBLM)	3 ▼ -0.24 (-7.41%)

Stock	Volume
WorldCall Telecom / May 13 Worldcall Telecom Limited(WTL)	41,734,903 ▼ -0.06
Maple Leaf Cement / May 13 Maple Leaf Cement Factory Limited(MLCF)	41,052,877 ▲ 6.27
Sui South Gas / May 13 Sui Southern Gas Company Limited(SSGC)	35,773,773 ▲ 2.33
Oil & Gas Dev. / May 13 Oil & Gas Development Company Limited(OGDC)	30,912,153 ▲ 15.65
B.O.Punjab / May 13 The Bank of Punjab(BOP)	24,175,098 ▼ -0.16
Cnergyico PK / May 13 Cnergyico PK Limited(CNERGY)	24,174,880 ▼ -0.09
K-Electric Ltd. / May 13 K-Electric Limited(KEL)	23,803,446 ▼ -0.22
At-Tahur Ltd. / May 13 At-Tahur Limited(PREMA)	21,754,749 ▼ -3.25
Fauji Cement / May 13 Fauji Cement Company Limited(FCCL)	20,681,855 ▲ 1.82
D.G.K.Cement / May 13 D.G. Khan Cement Company Limited(DGKC)	19,785,523 ▲ 10.35

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