News Archives for Print - 2016-07-15

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Print - 2016-07-15

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Thursday (July 14, 2016).

Published 15 Jul, 2016 12:00am

Currency

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Thursday (July 14, 2016).

Published 15 Jul, 2016 12:00am

Currency

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Thursday (July 14, 2016).

Published 15 Jul, 2016 12:00am

LIBOR calculating interest on US dollar

London Interbank Offer Rates on for calculating interest on special US dollar on Thursday (July 14, 2016).

Published 15 Jul, 2016 12:00am

Interest rates on old and incremental FCY deposits

Interest rates on old and incremental FCY deposits on Thursday (July 14, 2016).

Published 15 Jul, 2016 12:00am

Austria jihad recruiter sentenced to 20 years

A Muslim preacher at the centre of an Austrian jihad propaganda network was sentenced to 20 years in jail Wednesday for recruiting young fighters to the Islamic State group. The 34-year-old "brainwashed" dozens of people aged between 14 and 30, according

Published 15 Jul, 2016 12:00am

Bilawal telephones Mirwaiz

Pakistan People's Party (PPP) Chairman Bilawal Bhutto Zardari on Thursday telephoned All Parties Hurriyat Conference (APHC) leader Mirwaiz Umar Farooq and expressed regret over killing of innocent Kashmiris by the Indian forces. During the telephonic conv

Published 15 Jul, 2016 12:00am

ECP members: PML-N, PPP, PTI strike deal?

A deal has been struck between three national parties - the PMLN, the Pakistan People's Party (PPP) and the Pakistan Tehreek-e-Insaf (PTI) - with respect to the appointment of four members of the Election Commission of Pakistan (ECP), the rumour mill in I

Published 15 Jul, 2016 12:00am

PIA Haj operation to begin from August 4

This year PIA's pre Haj operation would start from August 4 and last till September 5, while post Haj operation would start from September 17 and last till October 16. Around 50,000 Hujjaj would be transported on PIA flights this year.

Published 15 Jul, 2016 12:00am

Shabir Shah arrested

Police on Thursday evening arrested the chairman of Democratic Freedom Party (DFP) Shabir Ahmad Shah, a party spokesperson said. It is worth mentioning that in 2016, Shah continued to be under house arrest and was even lodged in police station Rajbagh for

Published 15 Jul, 2016 12:00am

Pakistan to celebrate Independence Day with enthusiasm: Rashid

Independe-nce day, this year, will be celebrated with enhanced vigor and enthusiasm throughout the country, said Federal Minister Ministry for Information and Broadcast & National Heritage, Senator Pervaiz Rashid while co-chairing a meeting along with Min

Published 15 Jul, 2016 12:00am

PPP's Khosa says Nisar behind coup posters

The accused of money laundering Model Ayan Ali is a naive girl and not a terrorist. The federal interior minister Chaudhry Nisar Ali Khan does not care about Barrister Syed Owais Shah son of Syed Sajjad Ali Shah (Chief Justice of Sindh High Court), who ha

Published 15 Jul, 2016 12:00am

Ensuring free, fair and just elections: SC directs ECP to initiate consultative process with all political parties

The Supreme Court on Thursday issued directives to the Election Commission of Pakistan (ECP) to initiate consultative process with all the political parties about ensuring free, fair and just election in the country in the light of the apex court verdict

Published 15 Jul, 2016 12:00am

Chitral floods: two more bodies recovered in Afghan district

Two more bodies of the July 2 flood in Ursun were recovered from Chitral river inside Afghan district of Narey. According to the flood control room at the DC office, the bodies were identified as Muhsina d/o Tahir and Imranuddin s/o Usman. The bodies were

Published 15 Jul, 2016 12:00am

Smuggling case against Ayan reopened

The case against Ayan Ali has been reopened. The court received the records on Wednesday due to which the case has been reopened. It was closed due to lack of record in Rawalpindi's trial court.

Published 15 Jul, 2016 12:00am

Cultural-public diplomacy can help attract investment: IPRI

A combination of cultural and public diplomacy is not only a powerful tool that can improve Pakistan's public image abroad, but can also help bring investments and tourism opportunities for the country. Some panellists expressed these views while speaking

Published 15 Jul, 2016 12:00am

WWF-Pakistan concerned over Deosai Festival

WWF-Pakistan expressed grave concern over the proposed Deosai festival to be held under the aegis of the Tourism Department of Gilgit-Baltistan early next month has alleged that holding of such a festival poses an immediate threat to the fragile biodivers

Published 15 Jul, 2016 12:00am

India using chemical weapons against Kashmiris: JI chief

Ameer, Jamaat-e-Islami, Senator Sirajul Haq, has said that India is using banned chemical weapons against the Kashmiris. The world community should take notice of the loss of the eyesight of hundreds of Kashmiris at the hand of the occupation forces. He p

Published 15 Jul, 2016 12:00am

'PEF equitably provides free educational facilities'

"Punjab Education Foundation (PEF) has equitably provided free quality educational facilities to the children of low income families at their doorsteps so that they may remain safe from transport problems arising due to lack of resources." Managing Direct

Published 15 Jul, 2016 12:00am

Killings in IHK: Imran condemns 'lukewarm' response of government

Pakistan Tehrik-e-Insaf (PTI) Chairman Imran Khan has strongly condemned the aggression and violence in India-Occupied Kashmir, and the lack lustre response of the government of Pakistan. In a written statement, Imran expressed grave concern over the luke

Published 15 Jul, 2016 12:00am

PBIF chief for next phase of reforms without delay

President of Pakistan Businessmen and Intellectuals Forum (PBIF), Mian Zahid Hussai has urged the government to announce next phase of reforms without delay to boost economy and confidence of investors. Lauding the government's commitment to revive agricu

Published 15 Jul, 2016 12:00am

Rain-thunderstorm for most parts likely in 48 hours

The Met Office on Thursday forecast rain-thunderstorm for the most parts of the country in the next 24 hours. It said that rainy weather was likely to strike at scattered places in Khyber Pakhtunkhwa, FATA, Islamabad, Upper Punjab, Gilgit-Baltistan and Ka

Published 15 Jul, 2016 12:00am

Currency

NAB remand of Langove extended by 14 days

The Accountability Court has extended remand of Mir Khalid Khan Langove, ex-finance advisor to Chief Minister Balochistan for another 14 days to the National Accountability Bureau (NAB) Balochistan in mega corruption case on Thursday. The NAB officials pr

Published 15 Jul, 2016 12:00am

Intel Security announces expansion of extensive partner ecosystem

Intel Security on Thursday announced the expansion of its extensive partner ecosystem through the Intel Security Innovation Alliance, welcoming 24 new partners and broadening its portfolio of tightly integrated security solutions. The Intel Security Innov

Published 15 Jul, 2016 12:00am

Siddiqui supplied arms to Afaq, Lyari gang war: JIT

The Joint Interrogation Team's (JIT) report of Fish Harbour Authority's former Vice Chairman Qamar Sultan Siddiqui revealed that he had supplied illegal arms and ammunitions to Lyari gang war kingpin Uzair Balouch, JI's slain leader Dr Pervez Mehmood and

Published 15 Jul, 2016 12:00am

July-May fiscal year 2016: bedwear exports fall 3.42 percent

The country's bed-wear export fell to $1.861 billion in July-May 2015-16, reflecting a 3.42 percent decline, official figures showed. The total bed-wear export fall stands at $65.866 million in July-May 2015-16 from $1.927 billion in July-November 2014-15

Published 15 Jul, 2016 12:00am

AJK minister escapes attack

Azad Jammu and Kashmir Minister for Electricity and Peoples Party AJK leader Faisal Mumtaz Rathore escaped gun attack, here on Thursday. Unknown gunmen opened fire at his vehicle in Sector G-10/4, luckily Faisal and his companions in the vehicle remained

Published 15 Jul, 2016 12:00am

Exam forms Date for submission extended

KU Controller Examinations Professor Dr Arshad Azmi has extended the last date for submission of examination forms and fees of M.A/Double M.A External Annual Examinations 2015(to be held in 2016) with late fees of Rs 200/= (Rs 3500+200= Rs 3700) till 3rd

Published 15 Jul, 2016 12:00am

Customs rues revenue loss: no policy on disposal of seized cell phones evolved

The government has not evolved any policy regarding the disposal of confiscated cell phones for last two years that restrained the customs department to utilise millions of rupees revenue through auction. Talking to Business Recorder during a media

Published 15 Jul, 2016 12:00am

Customs rues revenue loss: no policy on disposal of seized cell phones evolved

Published 15 Jul, 2016 12:00am

Dr Iqbal Anjum awarded shield of recognition in Jubail city

Dr Muhammad Iqbal Anjum has recently been awarded a shield of recognition by the largest chemical industry of the world "Sadara"in a graceful ceremony held in Jubail city of the Kingdom of Saudi Arabia admiring his contribution towards the training of Sad

Published 15 Jul, 2016 12:00am

Extension of PPO: Nisar tasked to remove political parties' reservations

Prime Minister Nawaz Sharif on Thursday assigned Interior Minister Chaudhry Nisar Ali Khan the task of bringing all political parties into consensus on extension of Pakistan Protection Ordinance (Bill). This should be noted that the duration of PPO is goi

Published 15 Jul, 2016 12:00am

Political parties urged to address issues in parliament

Minister for Commerce Engr. Khurram Dastgir has urged all political parties to address their issues in parliament instead of doing politics on them. There can be difference of opinion on the issues such as energy, terrorism and economic policies of the go

Published 15 Jul, 2016 12:00am

Dr Faqir Anjum appointed Vice Chairperson PAFDA

The Punjab governor has appointed Professor Dr Faqir Muhammad Anjum, Government College University Faisalabad as Vice Chairperson of Punjab Agriculture, Food and Drug Authority. Chief Minister Punjab is the Chairperson of the recently established authorit

Published 15 Jul, 2016 12:00am

CPEC adds new dimensions to Pak-China friendship: minister

Interior Minister Chaudhry Nisar Ali Khan said that Pakistan's expanded cooperation with China in the field of counter terrorism, security, intelligence sharing, and trade would arguably be a defining partnership in 21st century for his country. The Inter

Published 15 Jul, 2016 12:00am

Pakistan seeks friendly relations with all countries: Mamnoon

The ambassadors of Bangladesh, Azerbaijan, Republic of Korea, Somalia, Sudan and Sweden presented their credentials to President Mamnoon Hussain on Thursday at a ceremony held at the Aiwan-e-Sadr. The envoys who presented their credentials included Tarik

Published 15 Jul, 2016 12:00am

CGMA Research Foundation: Charles Tilley OBE becomes executive chairman

Following the overwhelming support of CIMA members last month to establish the world's largest and most influential accounting association - bringing together CIMA with the AICPA - Charles Tilley has decided to end his 15 year tenure as CEO of CIMA, stepp

Published 15 Jul, 2016 12:00am

OIC-IPHRC calls for end to human rights violations in IHK

"OIC Independent Permanent Human Rights Commission (IPHRC) calls for an immediate end to the ongoing abrasive human rights violations and extrajudicial killings of Kashmiris in the Indian Occupied Kashmir." IPHRC said this in a press release issued on the

Published 15 Jul, 2016 12:00am

Oracle announces new addition SPARC to Cloud

Oracle has announced major new additions to the SPARC platform, first time bring the advanced security, efficiency and simplicity of SPARC to the cloud. Built on the new SPARC S7 microprocessor, the latest additions to the SPARC platform include new cloud

Published 15 Jul, 2016 12:00am

Pakistan fails to cash in on mango export to US opportunity: FPCCI

The Chairman, Federation of Pakistan Chambers of Commerce & Industry (FPCCI), Regional Standing Committee on Horticulture Exports, Ahmad Jawad has said that despite zero percent duty on Pakistani mango exports under the Generalised System of Preferences (

Published 15 Jul, 2016 12:00am

Smart School project: Ahsan urges blended learning methods

Federal Minister for Planning, Development and Reform, Ahsan Iqbal said that "smart schools for tomorrow", is the vision of current government and for this we need to utilise the blended learning methods for students to inspire creativity in them.

Published 15 Jul, 2016 12:00am

Pakistan possesses diversity of cultural goods, services: Unesco representative

Pakistan possesses a diversity of cultural goods and services that has a huge potential for being harnessed for economic, social and sustainable development. Globally, the creative economy has grown extremely fast over the past 20 years and is today worth

Published 15 Jul, 2016 12:00am

SC bans promotions in FIA till adjudication of pleas

The top court on Thursday imposed ban on promotions in Federal Investigation Agency till final adjudication of pleas challenging promotions of those appointed on deputation in the Agency. A division bench of the apex court headed by Chief Justice of Pakis

Published 15 Jul, 2016 12:00am

Cotton

2016-17:FCCI announces election schedule

Faisalabad Chamber of Commerce & Industry (FCCI) has announced its election schedule for the year 2016-17. A meeting of the executive committee of the FCCI held here today with Chaudhary Muhammad Nawaz president FCCI in the chair. The executive committee

Published 15 Jul, 2016 12:00am

Terrorists' plan to hit Islamabad in June foiled by police: Senate Committee told

The City Police have averted a major terror attack in the month of June with the assistance of Islamabad Safe City Project, Inspector General of Police (IGP) Tariq Masood Yasin said on Thursday. "According to the intelligence reports, there were serious t

Published 15 Jul, 2016 12:00am

KP CM for devising technical, vocational educational plan

Chief Minister Khyber Pakhtunkhwa Pervez Khattak has underlined the need for professional, technical and vocational educational plan for the overall development of the province.

Published 15 Jul, 2016 12:00am

Orange Line project: LHC reserves verdict

The Lahore High Court has reserved its verdict in petitions challenging the controversial Orange Line project. Thursday's ruling came after the court reminded the government's lawyer and the law officer that although their government wished to protect the

Published 15 Jul, 2016 12:00am

23 Pakistani students in China to attend summer camp

A group of 23 male and female Pakistani children studying in various middle and high schools in the country arrived here on Thursday to participate in 10-day international students' summer camp. The visit was jointly organised by Chinese Embassy in Islama

Published 15 Jul, 2016 12:00am

Annual PEC session: political stability essential for economic activities: minister

Minister for Planning, Development and Reform Ahsan Iqbal has said that political stability is essential for economic activities in the country. He stated this while addressing the 24th annual session of the Pakistan Engineering Council on Thursday.

Published 15 Jul, 2016 12:00am

Implementation of Dasu Hydropower project top priority: Dar

Finance Minister, Senator Mohammad Ishaq Dar chaired a meeting on Thursday to review implementation status of the Dasu Hydropower Project. Country Director, World Bank, Patchamuthu Illangovan was also present. The Finance Minister highlighted that early i

Published 15 Jul, 2016 12:00am

Special training programme in KP PDA demands induction of qualified doctors

Provincial Doctors Association (PDA) has urged government to immediately induct doctors for the training program, qualified of fellowship of the college of physician and surgeons (FCPS) Part-I exams, otherwise the doctors community would observe strike ac

Published 15 Jul, 2016 12:00am

The Bank of Khyber declares PLS profit rates

The Bank of Khyber (BoK) (Conventional Branches Only) declared the following profit rates on various PLS Deposits for the half year ended June 30, 2016:

Published 15 Jul, 2016 12:00am

The Bank of Khyber declares PLS profit rates

The Bank of Khyber (BoK) (Conventional Branches Only) declared the following profit rates on various PLS Deposits for the half year ended June 30, 2016:

Published 15 Jul, 2016 12:00am

Khattak calls for security plans for CPEC, industrial parks in KP

Khyber Pakhtunkhwa (KP), Chief Minister, Pervez Khattak has directed authorities to identify security requirements for the China-Pakistan Economic Corridor route, projects and Chinese personnel in the northern areas falling under Khyber Pakhtunkhwa jurisd

Published 15 Jul, 2016 12:00am

Muqam for early completion of power projects

Advisor to Prime Minister Engr Ameer Muqam on Thursday said that electricity development projects should be completed immediately and negligence in developmental projects will not be tolerated. Useless power transformers in Mardan and Masehra grid station

Published 15 Jul, 2016 12:00am

Pakistan Post to revamp operations

Prime Minister Nawaz Sharif has given approval, in principle, to the Pakistan Post for revamping operations comprising Mobile Money Transfer -PPP-, Logistic Company -JV- and Re-branding -JV- to make itself a profitable entity. The department has projected

Published 15 Jul, 2016 12:00am

KPEZDMC signs MoU with Alman Seyyam Sugar Mill

Khyber Pakhtunkhwa Economic Zones Development & Management Company (KPEZDMC) signed a memorandum of understanding (MoU) with Alman Seyyam Sugar Mill Private Limited. The agreement was aiming at to provide facilitation, and consultancy services through one

Published 15 Jul, 2016 12:00am

46 killed due to flash floods, rains in KP: PDMA

At least 46 people including nine children and 12 women were killed and 21 others injured in flash floods and heavy torrential rains in different parts of the province during last 13 days.

Published 15 Jul, 2016 12:00am

Edhi's death anniversary: PPP submits resolution in NA

Pakistan Peoples Party (PPP) has submitted a resolution with the National Assembly to pay tribute and honour to a prominent social activist and humanitarian Abdul Sattar Edhi and proposed to observe his death anniversary as "Edhi Day/National Humanitarian

Published 15 Jul, 2016 12:00am

FPA demands abolishment of FCR

Leaders of FATA Political Alliance (FPA) have demanded abolition of the British-era Frontier Crimes Regulation in the tribal region. They also called for amendments to the Constitution's Article 247, observing the article has deprived the Fata residents o

Published 15 Jul, 2016 12:00am

Drug, arms recovered in Jamrud

Drug and arms were recovered in raid carried out by the political administration in Wazirdand area of tehsil Jamrud, tribal Khyber Agency on Thursday. While sharing details, Jamrud Tehsildar Asmatullah said on direction of Political Agent, Khyber Agency,

Published 15 Jul, 2016 12:00am

Pakistan optimistic about OECD membership prospects

Pakistan is likely to become a member of the Global Forum on Transparency and Exchange of Information for Tax purposes (OECD) by 2018 with senior officials of Finance Ministry and tax authorities optimistic that there would be no hurdles in being a signat

Published 15 Jul, 2016 12:00am

International media APP asked to counter anti-Pakistan propaganda

Standing Committee of National Assembly on Information, Broadcasting and National Heritage has directed the Managing Director (MD) Associated Press of Pakistan (APP) to take necessary measures to tackle the negative propaganda against Pakistan in the inte

Published 15 Jul, 2016 12:00am

Wanted terrorist arrested

Counter Terrorism Department (CTD) on Thursday claimed to have arrested a wanted terrorist associated with a banned outfit from Nasir Bagh area of Peshawar. According to reports, personnel of CTD conducted a raid after information received from secret age

Published 15 Jul, 2016 12:00am

Partly Facetious: Legendary magicians

"I hereby declare Jati Umra as Little London."

Published 15 Jul, 2016 12:00am

Shia pilgrims: Ministry yet to file its response

The Religious Affairs Ministry is yet to file its response following a petition claiming Shia pilgrims applying for Hajj are subject to discrimination. The petition was filed by Syed Ali Hadi who had accused the ministry of committing contempt of court by

Published 15 Jul, 2016 12:00am

Punjab introduces law banning employment of children

Punjab government has banned employment of children and restricted the recruitment of adolescents (15 to 18 years of age), for hazardous occupations and processes through "the Punjab Restriction on Employment of Children Ordinance, 2016" promulgated by or

Published 15 Jul, 2016 12:00am

Rehabilitation centres to be set up at divisional level

On the direction of Chief Minister Punjab Shehbaz Sharif, it has been decided to establish rehabilitation centres for disabled persons at divisional level in the province. Three centres at Sargodha, Rawalpindi and Bahawalpur would be set up during the cur

Published 15 Jul, 2016 12:00am

NASC to be named after Edhi

The University of Health Sciences (UHS) and National Ambulance Services College (NASC), Dublin, Ireland, have agreed to name Pakistan's first National Ambulance Services College after Abdul Sattar Edhi. The college is currently functioning under UHS Insti

Published 15 Jul, 2016 12:00am

LCCI urges government to withdraw amendment in Finance Act 2016

The Lahore Chamber of Commerce and Industry has urged the government to withdraw amendment in Finance Act 2016 to change the definition of input tax to exclude sales tax paid under the provincial laws.

Published 15 Jul, 2016 12:00am

New Economic City: project to be island of economic transformation: PCJCCI chief

President of Pak-China Joint Chamber of Commerce and Industry (PCJCCI) Shah Faisal Afridi has said that the proposed "New Economic City" project would prove to be the island of economic transformation if executed in true spirit. He stated this while speak

Published 15 Jul, 2016 12:00am

Annual budgets of LDA, WASA, TEPA approved

The Governing Body of Lahore Development Authority approved annual budgets of LDA and its subordinate agencies Water and Sanitation Agency (WASA) and Traffic Engineering Planning Agency (TEPA), for the fiscal year 2016-17, here, Thursday. Total resources

Published 15 Jul, 2016 12:00am

Annual budgets of LDA, WASA, TEPA approved

Published 15 Jul, 2016 12:00am

'Telenor will create a digital ecosystem in Pakistan,' says President and CEO, Telenor Group

Sigve Brekke, the President & CEO of Telenor Group since August 2015 visited Pakistan last month. Mr Brekke has been with the Telenor Group for nearly two decades, having served in various leadership positions. Prior to joining Telenor, he served as the S

Published 15 Jul, 2016 12:00am

'Telenor will create a digital ecosystem in Pakistan,' says President and CEO, Telenor Group

Published 15 Jul, 2016 12:00am

Cyprus slashes compulsory army service

The Cyprus parliament on Thursday approved legislation slashing military service for conscripts from 24 months to 14 months, in the biggest reform of the Greek Cypriot army in decades. New conscripts to the National Guard will serve for 14 months, while t

Published 15 Jul, 2016 12:00am

El Salvador throws out civil war amnesty law

The Supreme Court in El Salvador has declared unconstitutional an amnesty law that protected perpetrators of crimes committed during the country's 1980-1992 civil war. The decision, announced Wednesday, could open the way for prosecutions and lawsuits rel

Published 15 Jul, 2016 12:00am

Ugandan army enters South Sudan to evacuate citizens

A heavily-armed Ugandan military convoy crossed into South Sudan on Thursday to evacuate citizens trapped in the capital Juba as fears persist that days of fierce fighting might reignite despite a cease-fire. The United Nations has warned of tension and t

Published 15 Jul, 2016 12:00am

May stamps her mark on new Brexit cabinet

British Prime Minister Theresa May completed a major overhaul of the government Thursday, promoting leading Brexit campaigners and stunning observers by picking gaffe-prone Boris Johnson as her top diplomat. After six years as interior minister under Davi

Published 15 Jul, 2016 12:00am

Oldest Egyptian writing on papyrus displayed for first time

The Egyptian Museum in Cairo is showcasing for the first time the earliest writing from ancient Egypt found on papyrus, detailing work on the Great Pyramid of Giza, antiquities officials said Thursday. The papyri were discovered near Wadi el-Jarf port, 25

Published 15 Jul, 2016 12:00am

UN sees evidence of possible war crimes in Ukraine

The United Nations on Thursday said Ukraine's forces had indiscriminately shelled residents while pro-Russian insurgents and Kiev battalions had summarily killed civilians in what may have constituted "war crimes". The United Nations High Commissioner for

Published 15 Jul, 2016 12:00am

Tropical storm kills 69 in China

A tropical storm in China has left 69 people dead, reports said Thursday, after it lashed Taiwan with typhoon-grade winds and rain. Super Typhoon Nepartak brought chaos to Taiwan last week, forcing more than 15,000 people to flee their homes as part of th

Published 15 Jul, 2016 12:00am

Moscovici urges 'zero sanctions' for Portugal, Spain

European Commission economy chief Pierre Moscovici on Wednesday indicated he wants to see eurozone deficit miscreants Spain and Portugal escape sanctions. The EU on Tuesday threatened both countries with swingeing fines for failing to fix years of high de

Published 15 Jul, 2016 12:00am

Thursday's early afternoon trade: J.P. Morgan-powered rally pushes S&P, Dow to new highs

The benchmark S&P 500 and the Dow scaled new highs yet again as J.P. Morgan's strong results on Thursday set an upbeat mood for earnings and spurred a rally in financial stocks. J.P. Morgan, the biggest US bank by assets and the first among its peers to i

Published 15 Jul, 2016 12:00am

Southeast Asian stocks largely lower

Southeast Asian stock markets largely closed lower on Thursday ahead of a policy meeting by the Bank of England later in the day where it is expected to cut rates to ward off the risk of a recession following Britain's vote to leave the European Union. Mo

Published 15 Jul, 2016 12:00am

Gulf markets hold steady amid low oil prices

Gulf markets were mixed on Thursday as investors treaded with caution after oil prices dropped the day before, dampening sentiment for riskier asset classes. Uncertainty weighed on regional stocks in the hours before the Bank of England's first policy mee

Published 15 Jul, 2016 12:00am

UBS retains positions as world's biggest private bank

UBS kept its ranking as the world's biggest private bank last year, a study by wealth management researcher Scorpio Partnership showed on Thursday. With $1,737.5 billion of assets under management, UBS retained its highly-prized first place in 2015, stayi

Published 15 Jul, 2016 12:00am

Australia posts a welcome jump in full-time jobs

Australian employment rose only modestly in June while the unemployment rate ticked up to 5.8 percent, yet a sharp jump in full-time jobs was welcomed by investors who nudged the local dollar higher. Thursday's data from the Australian Bureau of Statistic

Published 15 Jul, 2016 12:00am

Brexit questions linger as J.P Morgan reports solid earnings

J.P. Morgan Chase said Thursday it is too soon to know if it will shift its European headquarters out from London after Britain's break with the EU, as it reported solid second-quarter earnings. The June 23 vote by Britain to leave the European Union gave

Published 15 Jul, 2016 12:00am

Brexit questions linger as J.P Morgan reports solid earnings

Published 15 Jul, 2016 12:00am

Delta to cut flights to Britain

Delta Air Lines said Thursday it will cut back flights serving Britain this year in the wake of the country's vote to pull out of the European Union. Delta said it plans to reduce capacity on service between the US and Britain by six percent this winter,

Published 15 Jul, 2016 12:00am

China likely hacked US bank regulator

The Chinese government is believed to have infiltrated computers belonging to a US banking regulator, which employees then tried to cover up, a Congressional report released Wednesday said. The computer system at the Federal Deposit Insurance Corporation

Published 15 Jul, 2016 12:00am

China to create more than 50 million new urban jobs by 2020

China will create more than 50 million new urban jobs between 2016 and 2020, the country's human resources ministry said on Thursday. In the ministry's 13th five-year plan, it said in a statement on its website that China will keep urban registered unempl

Published 15 Jul, 2016 12:00am

US jobs, inflation data point to sustained economic strength

The number of Americans filing for unemployment benefits unexpectedly held steady near a 43-year low last week, pointing to further momentum in the labour market after job growth surged in June. Another report on Thursday showed producer prices recorded t

Published 15 Jul, 2016 12:00am

'Too early to sound all clear' on Brexit: Fed official

Britain's vote to exit the European Union has raised a cloud of uncertainty that could prove a headwind against the US economy, a senior Federal Reserve official said Thursday.Dennis Lockhart, president of the Atlanta Fed, noted the surprise Brexit decisi

Published 15 Jul, 2016 12:00am

No chance Japan will adopt 'helicopter money' soon

There is no chance Japan will resort to "helicopter money," a policy in which the central bank indefinitely finances fiscal spending through perpetual bonds, any time soon, government and central bank officials directly involved in policymaking said. The

Published 15 Jul, 2016 12:00am

Friends from high places: banks lure world leaders as advisers

It's good to have friends from high places, and banks are luring former world leaders and past central bank chiefs as advisers to give them an edge in a difficult landscape. Banks and investment firms have more than 30 advisers who in the past sat at the

Published 15 Jul, 2016 12:00am

Canada new housing prices grow at fastest pace in nearly 9 years

Canadian new home prices in May grew at their fastest pace in almost nine years, soaring 0.7 percent from April on strength in the booming markets of Toronto and Vancouver, Statistics Canada said on Thursday. Analysts polled by Reuters had predicted a 0.2

Published 15 Jul, 2016 12:00am

California rejects VW plan to fix 3-liter diesel cars

California regulators on Wednesday rejected a plan by Volkswagen to fix some 16,000 diesel vehicles involved in the carmaker's costly emissions-cheating scandal. The measures proposed by Volkswagen for recalling its 3-liter diesel cars were "incomplete, s

Published 15 Jul, 2016 12:00am

BoK keeps interest rates on hold, trims growth, inflation forecasts

South Korea's central bank left rates unchanged as expected on Thursday, slightly downgrading its growth and inflation forecasts and propping the door open to further easing as it monitors the government's ongoing efforts to craft a supplementary budget.

Published 15 Jul, 2016 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 25	281.17
USD PKR Interbank Buying / Apr 25	280.97
USD to Japanese Yen / Apr 25	143.67
USD to Swiss Franc / Apr 25	0.83
Pound Sterling to USD / Apr 25	1.33
Euro to USD / Apr 25	1.14
UK LIBOR % / Apr 24	4.96

Stock	Volume
S&P 500 / Apr 25	5,525.21
India Sensex / Apr 25	79,212.53
Tokyo Nikkei / Apr 25	35,705.74
Nasdaq / Apr 25	17,382.94
Hang Seng / Apr 25	21,980.74
FTSE 100 / Apr 25	8,415.25
Dow Jones / Apr 25	40,113.50
Germany DAX 30 / Apr 25	22,242.45
France CAC40 / Apr 25	7,536.26

Item	Value
Crude Oil USD/Barrel / Apr 25	63.17
Karachi Cotton PKR/37.32 KG / Apr 25	16,985
Gold 10 Grams PKR / Apr 25	298,950
Gold Spot USD/Ounce / Apr 25	3,327.60
Cotton US¢/pound / Apr 25	68.80
Petrol/Litre / Apr 27	254.63
Diesel/Litre / Apr 27	258.64

Gainers
Losers
Leaders

Stock	Price
First Capital Equities / Apr 25 First Capital Equities Limited(FCEL)	4.92 ▲ 0.96 (24.24%)
PICIC Ins.Ltd. / Apr 25 PICIC Insurance Limited(PIL)	3.14 ▲ 0.5 (18.94%)
Dewan Mushtaq / Apr 25 Dewan Mushtaq Textile Mills Limited(DMTM)	7.99 ▲ 1 (14.31%)
Pak. P.V.C. / Apr 25 Pakistan PVC Limited(PPVC)	8.26 ▲ 1 (13.77%)
J.K.Spinning / Apr 25 J.K. Spinning Mills Limited(JKSM)	61.90 ▲ 5.63 (10.01%)
At-Tahur Ltd. / Apr 25 At-Tahur Limited(PREMA)	86.74 ▲ 7.89 (10.01%)
Shezan Inter. / Apr 25 Shezan International Limited(SHEZ)	203.03 ▲ 18.46 (10%)
Sunrays Textile / Apr 25 Sunrays Textile Mills Limited(SUTM)	156.38 ▲ 14.22 (10%)
PIA Holding Co.B / Apr 25 PIA Holding Company Limited B(PIAHCLB)	3,282.29 ▲ 298.39 (10%)
S.S.Oil / Apr 25 S.S.Oil Mills Limited(SSOM)	357.05 ▲ 32.46 (10%)

Stock	Price
Engro Powergen / Apr 25 Engro Powergen Qadirpur Limited(EPQL)	28.71 ▼ -10.13 (-26.08%)
Ghani Chemworld / Apr 25 Ghani Chemworld Limited(GCWL)	8 ▼ -1 (-11.11%)
Samba Bank / Apr 25 Samba Bank Limited(SBL)	8.01 ▼ -0.99 (-11%)
Arpak Int. / Apr 25 Arpak International Investments Ltd.(ARPAK)	56.66 ▼ -6.29 (-9.99%)
Blue-Ex Ltd / Apr 25 Blue-Ex Limited (GEM)(GEMBLUEX)	47.38 ▼ -5.26 (-9.99%)
Saif Power Ltd. / Apr 25 Saif Power Limited(SPWL)	12.31 ▼ -1.3 (-9.55%)
Shaheen Ins. / Apr 25 Shaheen Insurance Company Limited(SHNI)	5.25 ▼ -0.46 (-8.06%)
Equity Modaraba / Apr 25 First Equity Modaraba(FEM)	2.75 ▼ -0.24 (-8.03%)
GlaxoSmithKline / Apr 25 GlaxoSmithKline Pakistan Limited(GLAXO)	409.57 ▼ -34.89 (-7.85%)
AKD Hospitality / Apr 25 AKD Hospitality Limited(AKDHL)	136.65 ▼ -10.81 (-7.33%)

Stock	Volume
WorldCall Telecom / Apr 25 Worldcall Telecom Limited(WTL)	22,789,497 ▼ -0.02
Power Cement / Apr 25 Power Cement Limited(POWER)	21,965,614 ▼ -0.17
Sui South Gas / Apr 25 Sui Southern Gas Company Limited(SSGC)	21,567,163 ▼ -0.56
B.O.Punjab / Apr 25 The Bank of Punjab(BOP)	19,825,526 ▼ -0.08
K-Electric Ltd. / Apr 25 K-Electric Limited(KEL)	17,030,953 ▼ -0.04
Aisha Steel Mill / Apr 25 Aisha Steel Mills Limited(ASL)	16,751,796 ▲ 0.59
Cnergyico PK / Apr 25 Cnergyico PK Limited(CNERGY)	16,717,262 ▼ -0.17
Pak Int.Bulk / Apr 25 Pakistan International Bulk Terminal(PIBTL)	16,382,803 ▲ 0.14
Sui North Gas / Apr 25 Sui Northern Gas Pipelines Limited(SNGP)	13,338,455 ▲ 0.33
Secure Logistics / Apr 25 Secure Logistics Group Limited(SLGL)	12,723,116 ▲ 1.13

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