News Archives for Print - 2016-05-16

MQM former minister among three held in Hyderabad

Rangers on Sunday raided Muttahida Qaumi Movement (MQM) Sector Offices in Hyderabad, and arrested three senior party members, including a former provincial minister Syed Sohail Mashhadi.

Published 16 May, 2016 12:00am

Robert De Niro plans luxury hotel in London

US actor Robert De Niro is involved in a project to build a new luxury hotel in the heart of London, he has revealed. The 83-room Wellington Hotel project, if approved, would be built in Covent Garden and is expected to feature a spa and two restaurants.

Published 16 May, 2016 12:00am

Bahrain privately places $435 million sukuk

The government of Bahrain has privately placed a $435 million, three-year sukuk issue in a deal arranged by Noor Bank, Bank ABC and Kuwait Finance House, a source with direct knowledge of the deal said on Sunday. The deal was priced in the area of 325 bas

Published 16 May, 2016 12:00am

Bahrain privately places $435 million sukuk

The government of Bahrain has privately placed a $435 million, three-year sukuk issue in a deal arranged by Noor Bank, Bank ABC and Kuwait Finance House, a source with direct knowledge of the deal said on Sunday. The deal was priced in the area of 325 bas

Published 16 May, 2016 12:00am

Google faces record three billion euro EU antitrust fine

Google faces a record antitrust fine of around 3 billion euros ($3.4 billion) from the European Commission in the coming weeks, British newspaper The Sunday Telegraph said. The European Union has accused Google of promoting its shopping service in Interne

Published 16 May, 2016 12:00am

Cotton

India eases red tape but foreign firms still struggle

Narendra Modi was elected two years ago this week promising to ease India's notorious red tape and unpack regulatory tangles, but for foreign firms, doing business in the world's fastest-growing large economy can still be a costly headache.

Published 16 May, 2016 12:00am

Vietnam bank says interrupted cyber heist using SWIFT messaging

Vietnam's Tien Phong Bank said that it interrupted an attempted cyber heist that involved the use of fraudulent SWIFT messages, the same technique at the heart of February's massive theft from the Bangladesh central bank.

Published 16 May, 2016 12:00am

Egypt's unemployment rate eases slightly to 12.7 percent

Egypt's unemployment rate eased slightly in the first quarter of 2016 to 12.7 percent from 12.8 percent in the previous quarter as well as the same quarter a year earlier, the statistics agency said on Sunday. Analysts believe actual unemployment may be h

Published 16 May, 2016 12:00am

ECB has become too powerful, says Berlin's economic advisor

The European Central Bank has become too powerful, but largely because politicians have foisted an increasingly political role onto it, one of the German government's key economic advisors said in a newspaper interview Sunday.

Published 16 May, 2016 12:00am

Italy set to double baby bonus to fight birth rate 'apocalypse'

Italy's health minister is proposing doubling a 'baby bonus' incentive for couples to have more children to combat what she calls a catastrophic decline in the country's birth rate.

Published 16 May, 2016 12:00am

Abu Dhabi's ADNOC cutting 5,000 jobs

Abu Dhabi's state-owned National Oil Co (ADNOC) plans to cut 5,000 jobs by the end of the year, and 2,000 of the lay-offs have already been carried out, Middle East news service MEED reported on Sunday. ADNOC has roughly 55,000 staff. Many companies in Ab

Published 16 May, 2016 12:00am

Currency

Nigeria denies report of plan to devalue naira; no request for IMF funds

Nigeria's central bank denied a report that it planned to devalue the naira, while the International Monetary Fund (IMF) reiterated that Nigeria would benefit from a more flexible exchange rate but said no request for funds had been made. Talk of a devalu

Published 16 May, 2016 12:00am

Professors, entrepreneurs file complaint against ECB policy

A group of professors and entrepreneurs filed a complaint against the European Central Bank's monetary policy this week at Germany's top court, the Welt am Sonntag newspaper said, as German criticism of the ECB grows louder. A complaint would open a new c

Published 16 May, 2016 12:00am

Cash-starved Brazil considers selling off public assets

Brazil's government is considering selling stakes in state-controlled assets including its postal company as well as holdings in transport, power and insurance firms in a bid to raise capital and streamline the public sector, a newspaper reported on Sunda

Published 16 May, 2016 12:00am

Ibe makes point for second-string Liverpool

Jordon Ibe's superb goal gave a much-changed Liverpool side a 1-1 draw at West Bromwich Albion on Sunday's final day of the Premier League season. Three days before the Reds face Sevilla in the Europa League final in Basel, their manager Jurgen Klopp made

Published 16 May, 2016 12:00am

Suarez outguns Messi, Ronaldo to fire Barca to title

In little under two years with Barcelona, Luis Suarez has won six trophies, silenced his critics with almost impeccable on-field behaviour and now, most remarkably of all, left Lionel Messi and Cristiano Ronaldo in his shadow.

Published 16 May, 2016 12:00am

Man United game abandoned over security alert

Police ordered Manchester United to abandon their final Premier League game of the season against Bournemouth on Sunday after a suspicious package was discovered at Old Trafford. Tens of thousands of fans were ordered from the 75,600 capacity stadium when

Published 16 May, 2016 12:00am

Ibrahimovic breaks PSG record in Nantes romp

Zlatan Ibrahimovic headed home a minute from time to break Paris Saint-Germain's single season Ligue 1 scoring record in a 4-0 rout of Nantes on Saturday. With the title long wrapped up and a French Cup final against bitter rivals Marseille to come a week

Published 16 May, 2016 12:00am

Adidas to continue sponsoring FIFA

German sportswear giant Adidas will continue sponsoring FIFA, despite the corruption allegations dogging the bidding process for the 2006 World Cup, the group's supervisory board chief said on Sunday.

Published 16 May, 2016 12:00am

Verstappen becomes youngest ever F1 winner

Teenager Max Verstappen became Formula One's youngest winner on Sunday when he took full advantage of a spectacular first lap crash that eliminated both Mercedes cars to claim a memorable triumph in the Spanish Grand Prix.

Published 16 May, 2016 12:00am

Birthday boy Murray masters Djokovic in Rome

Britain's Andy Murray celebrated his 29th birthday in style Sunday by winning his maiden Rome Masters title with a hard-fought win over disgruntled world number one Novak Djokovic.

Published 16 May, 2016 12:00am

Former Olympic champ Ervin wins 50 free title

Anthony Ervin, an Olympic champion in 2000 as a teen at Sydney, won the men's 50-meter freestyle Saturday at the US Pro Swim Series meet in Charlotte, North Carolina. The 34-year-old American, who won the world 50 and 100 free titles in 2001 at Fukuoka, c

Published 16 May, 2016 12:00am

Russia 'ashamed and sorry' over doping scandal: Mutko

Russian sports minister Vitaly Mutko apologised on Sunday for the doping scandal that threatens the athletic superpower's participation in the Rio Olympics. Mutko, writing in The Sunday Times, admitted the Russian Athletics Federation and athletes had mad

Published 16 May, 2016 12:00am

Serena tips beaten Keys after 70th career title in Rome

Serena Williams has tipped Madison Keys to succeed her as world number one after a 7-6 (7/5), 6-3 Italian Open victory that handed the 21-time Grand Slam champion her first title of the season. It was the first all-American WTA claycourt final since Willi

Published 16 May, 2016 12:00am

British director says 'shocking' US poverty drove Cannes entry

British filmmaker Andrea Arnold said Sunday the "shocking" poverty she saw travelling across America drove her to make her Cannes contender, and appreciate the relatively intact state of her own country's social safety net.

Published 16 May, 2016 12:00am

Foxconn founder tells Sharp staff layoffs needed to begin revival

Foxconn founder Terry Gou said there would have to be layoffs at Sharp Corp to turn around the ailing Japanese company, but pledged that wages would rise and profit-sharing would again be the norm.

Published 16 May, 2016 12:00am

Foxconn founder tells Sharp staff layoffs needed to begin revival

Foxconn founder Terry Gou said there would have to be layoffs at Sharp Corp to turn around the ailing Japanese company, but pledged that wages would rise and profit-sharing would again be the norm.

Published 16 May, 2016 12:00am

Gambia president hits out at Senegal over border dispute

Provocative comments by Gambian President Yahya Jammeh on Sunday threatened to overshadow talks with Senegal aimed at resolving a three-month border blockade. Hours before the two countries' foreign ministers sat down to talks in Dakar, Jammeh laid out hi

Published 16 May, 2016 12:00am

Accused Chinese murderer arrested after 25 years on the run

Chinese police have arrested a man who has been on the run since allegedly hacking a family of six to death 25 years ago, state media reported Sunday. The suspect, identified as Guo, murdered the family with an axe after a dispute "over trivial matters" i

Published 16 May, 2016 12:00am

Four dead as Philippine clans clash over election

Four people have been killed in clashes between rival political clans in the southern Philippines, authorities said Sunday, just days after a contentious election reinstated a local mayor. Fighting has flared between Sabal and Buisan clans in the strife-t

Published 16 May, 2016 12:00am

Turkish right-wing dissidents bid to oust party leader foiled

Members of Turkey's right-wing MHP party were prevented from holding a congress Sunday aimed at unseating long-time leader Devlet Bahceli and recovering ground lost to President Recep Tayyip Erdogan's party. Dissidents from the Nationalist Movement Party

Published 16 May, 2016 12:00am

Sow and you shall reap, Burkina advises jobless youth

The government of Burkina Faso, which is battling high unemployment, on Wednesday urged young people to return to the soil and take up farming, previously written off as the lot of losers.

Published 16 May, 2016 12:00am

'Politics beat art': Russian officials bash Ukraine Eurovision win

Russian lawmakers on Sunday lashed out at arch-rival Ukraine's "political" victory in the Eurovision song contest, as pro-Kremlin media insisted Moscow's entrant was robbed. Ukrainian performer Jamala won the glitzy contest Saturday with her ballad "1944"

Published 16 May, 2016 12:00am

Raise in employers' contribution: MCCI urges EOBI chief to review his decision

Multan Chamber of Commerce and Industry (MCCI) has expressed its concern over abrupt increase in employers' share of contribution in EOBI for social insurance and the unjust notices to industries, asking them to also submit outstanding dues of the last th

Published 16 May, 2016 12:00am

Bosan proposes heavy duty on import of milk, whey protein powders

Federal Minister for National Food Security and Research Sikandar Hayat Khan Bosan has proposed heavy duty to be imposed on import of milk and whey powder rather banning their import to protect the local farmers' interests.

Published 16 May, 2016 12:00am

Security plan for Nawaz's DI visit finalised

The concerned authorities have finalised the security plan for proposed May 17 visit of Prime Minister Nawaz Sharif to Dera Ismail Khan. Security officials said that police from various districts other than the DI Khan have also been called in to perform

Published 16 May, 2016 12:00am

MCCI expects a pro-business budget

Rising remittances, foreign direct investments and private investments have been supporting country's economic growth, as federal government has promised to unveil a more pro-business budget for financial year (FY) 2017.

Published 16 May, 2016 12:00am

Government urged to take steps aimed at protecting manufacturing sector

The government should take concrete measures to save the manufacturing sector which was neglected in Auto Policy 2016, said former President of Multan Chamber of Commerce and Industry (MCCI) Mian Iqbal Hassan. He has said the country's manufacturing secto

Published 16 May, 2016 12:00am

PPDWP approves five schemes costing Rs 21 billion

The Punjab Provincial Development Working Party has approved five development schemes of infrastructure sectors with an estimated cost of Rs. 21.628 billion. These schemes were approved in the meeting of Provincial Development Working Party (PDWP) of curr

Published 16 May, 2016 12:00am

Medical and Dental Teaching Posts: CM approves amendments in Service Rules

Chief Minister Punjab Muhammad Shahbaz Sharif has given approval for the amendments in the Service Rules (Medical and Dental Teaching Posts) 1979, according to which Associate Professor having 3 years of teaching experience will be eligible for the promot

Published 16 May, 2016 12:00am

Government committed to overcoming energy crisis: minister

Federal Water and Power Minister Khawaja Muhammad Asif has said that Pakistan Muslim League-N (PML-N) government is committed to cope with energy crisis on top priority basis. Talking to Business Recorder at Pakistan Muslim League House on Sunday h

Published 16 May, 2016 12:00am

New grid station to be installed at LGH

In order to coop with increasing electricity requirements with the establishment of Punjab Institute of Nuero Sciences and construction of new blocks, Lahore General Hospital administration has started installation of a grid station at the premises of hos

Published 16 May, 2016 12:00am

CM Complaints Redressal Cell recovers Rs 210 million

The Chief Minister's Complaints and Redressal Cell has recovered more than Rs.210 million in monetary disputes in the province and returned the amount to the complainants. This was disclosed by chairman, CM Complaints and Redressal Cell, Haji Dilroze Khan

Published 16 May, 2016 12:00am

Maryam to meet Hashmi

On the directive of Prime Minister Nawaz Sharif, his daughter, Maryam Nawaz, will pay a visit to Multan in couple of days and will meet the veteran politician Makhdoom Javed Hashmi. According to sources, she will convey a message of the prime minister to

Published 16 May, 2016 12:00am

Currency

Western bond funds cautious on road to China

China's opening push to draw major bond investors into its gigantic onshore bond market has shown that US and European asset managers are still at least 18 months to two years away from engaging in earnest.

Published 16 May, 2016 12:00am

Currency

Western bond funds cautious on road to China

China's opening push to draw major bond investors into its gigantic onshore bond market has shown that US and European asset managers are still at least 18 months to two years away from engaging in earnest.

Published 16 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 16 May, 2016 12:00am

Political deadlock trumps brightening fundamentals for Spanish stocks

Spain's uncertain politics are holding back a stock market that is posting good earnings and is not expensively valued, investors say, and performance may not improve unless next month's election has a clear result.

Published 16 May, 2016 12:00am

Major ME markets fall after debt Downgrades

Major Middle Eastern stock markets fell on Sunday after Moody's cut the debt ratings or outlooks of many countries, while Dubai construction firms dropped steeply after reporting first-quarter earnings.

Published 16 May, 2016 12:00am

Bangladesh's interbank forex rates

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

Published 16 May, 2016 12:00am

Currency

Canadian dollar set to weaken again after recent rally

The Canadian dollar, which recently hit a 10-month high, is expected to weaken again in the coming months if the US Federal Reserve hikes interest rates as forecast in June and oil prices rally no further, a Reuters poll found.

Published 16 May, 2016 12:00am

Currency

US wants Japan to refrain from FX action: PM Abe's aide

US policymakers are "pretty clear" in their views that Japan should refrain from any steps to intentionally weaken the yen, such as intervention in currency markets, a key economic adviser to Prime Minister Shinzo Abe said on Wednesday.

Published 16 May, 2016 12:00am

Goldman Sachs trims European, UK equity index forecasts

Goldman Sachs cut its forecasts for European and UK equity benchmarks citing sluggish global growth, a stronger euro and weaker-than-expected commodity prices. Goldman reduced its 12-month target on the pan-European STOXX 600 index to 345 points from 380,

Published 16 May, 2016 12:00am

Goldman Sachs trims European, UK equity index forecasts

Goldman Sachs cut its forecasts for European and UK equity benchmarks citing sluggish global growth, a stronger euro and weaker-than-expected commodity prices. Goldman reduced its 12-month target on the pan-European STOXX 600 index to 345 points from 380,

Published 16 May, 2016 12:00am

Iraq raises interest rate on local bond issue to boost sales

Iraq has raised the interest rate on a local bond issue worth 1.5 trillion Iraqi dinars ($1.3 billion) to boost sales, central bank spokesman Aycar Jabbar said on Wednesday. The central bank has increased the rate to 8 percent from the 6 percent offered o

Published 16 May, 2016 12:00am

Iraq raises interest rate on local bond issue to boost sales

Iraq has raised the interest rate on a local bond issue worth 1.5 trillion Iraqi dinars ($1.3 billion) to boost sales, central bank spokesman Aycar Jabbar said on Wednesday. The central bank has increased the rate to 8 percent from the 6 percent offered o

Published 16 May, 2016 12:00am

Currency

Damascus struggles to halt currency collapse as peace hopes erode

Damascus has announced measures to halt the fall of Syria's currency, but traders expressed doubt it would work after the unravelling of a cease-fire and the collapse of peace talks brought one of the fastest falls of the five year civil war.

Published 16 May, 2016 12:00am

Wall Street week ahead: S&P seen failing in reach for year-old record

As the anniversary of the S&P 500's high mark approaches, the benchmark US stock index's latest rally has stalled and failed to breach a key level, prompting some calls for sell-offs, at least in the short term.

Published 16 May, 2016 12:00am

Azerbaijan announces military exercises

Azerbaijan on Sunday announced joint military exercises with Georgia and Turkey, plans which are likely to raise tensions with neighbouring Armenia a day before talks in Vienna over the breakaway region of Nagorno-Karabakh.

Published 16 May, 2016 12:00am

Only US to join annual Jordan war games

Only Jordan and the United States are to take part in this year's Eager Lion military exercise, commanders said on Sunday, compared with the 18 nations which participated last year. A total of 6,000 troops will undertake 10 days of manoeuvres in the kingd

Published 16 May, 2016 12:00am

Mexico court clears three soldiers in 2014 gang suspect massacre

Three Mexican soldiers accused of taking part in a massacre of 22 gang suspects in 2014 have been freed by a judge for lack of evidence, officials said, drawing dismay from human rights groups.

Published 16 May, 2016 12:00am

Press groups urge probe into Indian journalist killings

A coalition of press freedom groups Sunday urged a swift investigation into the murder of two Indian journalists in 24 hours, crimes that heightened fears about media safety and freedom in the country.

Published 16 May, 2016 12:00am

CIA spy claimed his tipoff led to Mandela arrest

Tips from a CIA spy to authorities in apartheid-era South Africa led to Nelson Mandela's 1962 arrest, beginning the leader's 27 years behind bars, an article in the Sunday Times reported. The newspaper cited comments reportedly made by Donald Rickard, a f

Published 16 May, 2016 12:00am

Nepal's ethnic groups in fresh protests against charter

Hundreds of members of Nepal's ethnic minorities blocked roads in the capital on Sunday in renewed protests calling for changes to the Himalayan nation's controversial new constitution.

Published 16 May, 2016 12:00am

Facebook, Twitter, Youtube face hate speech complaints in France

Three French anti-racism associations said on Sunday they would file legal complaints against social networks Facebook, Twitter and Google's Youtube for failing to remove "hateful" content posted on their platforms. French law requires websites to take do

Published 16 May, 2016 12:00am

Russian officials say North Korea released detained yacht

A Russian yacht detained by North Korean coast guards was released Sunday and has set sail for the far-eastern city of Vladivostok, Russian officials said. "The Russian yacht Elfin today left the North Korean port of Kimchaek headed for Vladivostok," Deni

Published 16 May, 2016 12:00am

Eight killed, 43 injured in US after charter bus rolls over

Eight people were killed and 43 were injured Saturday in the US state of Texas after a charter bus rolled over on the highway, county officials said. The bus, which was travelling near the state's border with Mexico, was headed to a casino in the town of

Published 16 May, 2016 12:00am

Narrow majority of French back labour reform protests

A slim majority of French people are in favour of protests against a deeply contested labour reform the ruling Socialist Party is pushing through parliament, a poll showed on Sunday. The government faces strikes and new waves of protests after opting last

Published 16 May, 2016 12:00am

UN Council 'disappointment' over lack of Haiti vote

The UN Security Council expressed "deep disappointment" with electoral gridlock in Haiti Saturday, a day in which the country had been slated to inaugurate a new president but did not due to an indefinitely postponed vote. Haiti's presidential election ha

Published 16 May, 2016 12:00am

Massive crowd sees off world's largest cruise ship in France

Tens of thousands of people turned out Sunday in France to see off the world's biggest-ever cruise ship, the 120,000-tonne Harmony of the Seas, as it set sail for the first time. At 66 metres (217 feet), it is the widest cruise ship ever built, while its

Published 16 May, 2016 12:00am

Israel shuns French initiative after UNESCO vote

Israeli Prime Minister Benjamin Netanyahu poured cold water on Sunday on the Middle East peace initiative advanced by France by questioning its impartiality, a claim swiftly denied by Paris. Speaking to ministers ahead of the weekly cabinet meeting, Netan

Published 16 May, 2016 12:00am

Polio campaign in Balochistan from today

Co-ordinator Emergency Operation Centre Balochistan, Dr. Saif-ur-Rehman has said that the preparations for the Polio campaign that is set to commence from 16th of May have been completed in 640 union councils of 30 districts in Balochistan. In a press sta

Published 16 May, 2016 12:00am

Countering terrorism: Pakistan for comprehensive global approach: Maleeha

Pakistan has called for a comprehensive international approach to wipe out terrorists, saying, and failure to redress genuine grievances of the weak against the powerful, created the breeding ground for terrorism.

Published 16 May, 2016 12:00am

International moot on archaeology: latest discoveries and research discussed

Eminent archaeologists and scholars shared their research work in rich Gandhara region of Khyber Pakhtunkhwa, and Pakistan, and discussed latest discoveries and its impacts on this region, as three-day International conference, successfully concluded on S

Published 16 May, 2016 12:00am

Mobile broadband catalyst for social media trend in Pakistan

The introduction of mobile broadband coupled with influx of affordable smartphones have a catalytic effect on use of social media in Pakistan as the trend is flourishing with estimated two million user accounts in Pakistan.

Published 16 May, 2016 12:00am

Prices of essential food items slightly decline

Prices of vegetable, poultry and other essential kitchen slightly decreased, except rates of chicken, pulses, milk, sugar and flour, still remain on high side in the retail market, according to a weekly survey conducted by Business Recorder here on

Published 16 May, 2016 12:00am

Urs: applications invited

Ministry of Religious Affairs and Interfaith Harmony has invited applications for attending the annual Urs of Hazrat Khawaja Allauddin Ali Ahmed Sabir Kaliyari by May 24. According to an official of Ministry of Religious Affairs, the Urs celebrations are

Published 16 May, 2016 12:00am

Shahbaz visits residence of Gilani

Chief Minister Muhammad Shahbaz Sharif here on Sunday visited residence of former Prime Minister Yousuf Raza Gilani and congratulated him on the recovery of his son Ali Haider. Chief Minister assured Gilani of provision of full security to his family on t

Published 16 May, 2016 12:00am

Five killed as car falls into River Swat

Four members of the same family killed when a car fell into River Swat in Mankiyal area of the Tehsil Bahrain, district Swat. Those killed were included husband, wife and their two children and driver of the vehicle. The body of a child was recovered whil

Published 16 May, 2016 12:00am

Navy's role in present geopolitical scenario termed pivotal

Senator Mushahid Hussain, Chairman Senate Defence Committee, has termed the role of Pakistan Navy as "pivotal in present geopolitical scenario with Gwadar Port central to CPEC."

Published 16 May, 2016 12:00am

Punjab government buys over three million tons of wheat

As the harvesting of the bumper wheat crop has almost been completed in Punjab, the provincial government has procured over three million tons wheat of 2015-16 crop against the target of 4.5 million tons so far.

Published 16 May, 2016 12:00am

Pakistan, Turkey to bolster economic, defence ties: envoy

Pakistan and Turkey were learning from each other's experiences and had mounted determined efforts to eliminate the scourge of terrorism from their respective soil, said Pakistan's ambassador to Turkey Sohail Mahmood, here on Sunday.

Published 16 May, 2016 12:00am

China says Pentagon report 'severely damaged' ties

China on Sunday accused the US of deliberately distorting the facts in a report on the Asian giant's defence policy, warning Washington it had "severely damaged" trust between the superpowers. The Pentagon on Friday said Beijing had been building up milit

Published 16 May, 2016 12:00am

China says Pentagon report 'severely damaged' ties

China on Sunday accused the US of deliberately distorting the facts in a report on the Asian giant's defence policy, warning Washington it had "severely damaged" trust between the superpowers. The Pentagon on Friday said Beijing had been building up milit

Published 16 May, 2016 12:00am

SECP terms AGM an important statutory event

The Securities and Exchange Commission of Pakistan (SECP) has said that the holding of the annual general meeting (AGM) is a very important statutory event and provides an opportunity to the shareholders including those in minority, to participate in disc

Published 16 May, 2016 12:00am

SECP terms AGM an important statutory event

The Securities and Exchange Commission of Pakistan (SECP) has said that the holding of the annual general meeting (AGM) is a very important statutory event and provides an opportunity to the shareholders including those in minority, to participate in disc

Published 16 May, 2016 12:00am

SECP terms AGM an important statutory event

The Securities and Exchange Commission of Pakistan (SECP) has said that the holding of the annual general meeting (AGM) is a very important statutory event and provides an opportunity to the shareholders including those in minority, to participate in disc

Published 16 May, 2016 12:00am

FBR negligence costs exchequer millions

Sheer negligence showed by the Federal Board of Revenue (FBR) in regard to the extinction of sales tax registration of service providers has cost millions to the national kitty; it was learnt here. According to sources, the service providers, who got regi

Published 16 May, 2016 12:00am

FBR negligence costs exchequer millions

Sheer negligence showed by the Federal Board of Revenue (FBR) in regard to the extinction of sales tax registration of service providers has cost millions to the national kitty; it was learnt here. According to sources, the service providers, who got regi

Published 16 May, 2016 12:00am

FBR negligence costs exchequer millions

Sheer negligence showed by the Federal Board of Revenue (FBR) in regard to the extinction of sales tax registration of service providers has cost millions to the national kitty; it was learnt here. According to sources, the service providers, who got regi

Published 16 May, 2016 12:00am

Iran says European banks still wary of US sanctions threat

Big European banks remain reluctant to work in Iran four months after the lifting of international sanctions under a landmark nuclear deal with world powers, an Iranian official said Sunday.

Published 16 May, 2016 12:00am

Iran says European banks still wary of US sanctions threat

Big European banks remain reluctant to work in Iran four months after the lifting of international sanctions under a landmark nuclear deal with world powers, an Iranian official said Sunday.

Published 16 May, 2016 12:00am

Iran says European banks still wary of US sanctions threat

Big European banks remain reluctant to work in Iran four months after the lifting of international sanctions under a landmark nuclear deal with world powers, an Iranian official said Sunday.

Published 16 May, 2016 12:00am

Five factory workers die after inhaling toxic fumes

At least five factory workers who were cleaning a chemical tank at a factory in Korangi Industrial Area died on Sunday. Superintendent Police (SP) Landhi Afnan Amin said four workers got into the chemical tank to clean it, followed by three more men who a

Published 16 May, 2016 12:00am

Five factory workers die after inhaling toxic fumes

At least five factory workers who were cleaning a chemical tank at a factory in Korangi Industrial Area died on Sunday. Superintendent Police (SP) Landhi Afnan Amin said four workers got into the chemical tank to clean it, followed by three more men who a

Published 16 May, 2016 12:00am

IS bombs kill 47 Yemen police in former Qaeda bastion

A suicide bombing claimed by the Islamic State group and a second blast killed 47 police Sunday in the Yemeni port of Mukalla where a year of al Qaeda rule ended last month, medics said. It was the second attack in days claimed by IS in the city of 200,00

Published 16 May, 2016 12:00am

IS bombs kill 47 Yemen police in former Qaeda bastion

A suicide bombing claimed by the Islamic State group and a second blast killed 47 police Sunday in the Yemeni port of Mukalla where a year of al Qaeda rule ended last month, medics said. It was the second attack in days claimed by IS in the city of 200,00

Published 16 May, 2016 12:00am

Currency	Rate
USD PKR Interbank Selling / Sep 20	277.90
USD PKR Interbank Buying / Sep 20	277.70
USD to Japanese Yen / Sep 20	143.85
USD to Swiss Franc / Sep 20	0.85
Pound Sterling to USD / Sep 20	1.33
Euro to USD / Sep 20	1.12

Stock	Volume
S&P 500 / Sep 20	5,702.55
India Sensex / Sep 20	83,184.80
Tokyo Nikkei / Sep 20	37,723.91
Nasdaq / Sep 20	17,948.32
Hang Seng / Sep 20	18,258.57
FTSE 100 / Sep 20	8,229.99
Dow Jones / Sep 20	42,063.36
Germany DAX 30 / Sep 20	18,720.01

Item	Value
Crude Oil USD/Barrel / Sep 20	71.92
Gold Spot USD/Ounce / Sep 20	2,621.88
Cotton US¢/pound / Sep 20	73.52
Karachi Cotton PKR/37.32 KG / Sep 21	18,935
Gold 10 Grams PKR / Sep 21	233,625
Petrol/Litre / Sep 22	249.10

Stock	Price
786 Invest Ltd / Sep 22 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Sep 22 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Sep 22 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Sep 22 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Sep 22 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Sep 22 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Sep 22 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Sep 22 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Sep 22 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Sep 22 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Sep 22 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Sep 22 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Sep 22 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Sep 22 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Sep 22 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Sep 22 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Sep 22 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Sep 22 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Sep 22 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Sep 22 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Sep 22 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Sep 22 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Sep 22 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Sep 22 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Sep 22 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Sep 22 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Sep 22 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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