News Archives for Print - 2016-07-18

The Weather

The weather report on Sunday (July 17, 2016) and the forecast for Monday (July 18, 2016).

Published 18 Jul, 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 18 Jul, 2016 12:00am

Currency

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (July 11 to 15 2016).

Published 18 Jul, 2016 12:00am

Aaj TV - Monday's schedule

All timings are in PST (Pakistan Standard Time).

Published 18 Jul, 2016 12:00am

Flyovers to be constructed in Peshawar: Khattak

To ensure the smooth flow of traffic in Peshawar city and Hayatabad, Chief Minister Khyber Pakhtunkhwa Pervez Khattak has announced the construction of two flyovers at Zakori Chowk and Hayatabad. The projects will cost an amount of Rs 2 billion and direct

Published 18 Jul, 2016 12:00am

Transcript of an exclusive interview with Dr Hafeez Pasha

AI: International Monetary Fund (IMF) uploaded the 11th review on its website, a review of great importance as a successful review (i) leads to the release of a subsequent tranche, (ii) indicates whether the agreed reforms are on target, and (iii) generat

Published 18 Jul, 2016 12:00am

Currency

'OneLoad will revolutionize and change the shape of Pakistan's payment industry': CEO, Systems Limited

Representative of the new breed of young Pakistani professionals leading Systems Limited from pivotal positions, Mr. Muhammad Asif Peer serves as the CEO, Member of the Board, and Managing Director of Systems Limited. Asif Peer has worked across the board

Published 18 Jul, 2016 12:00am

Currency

'OneLoad will revolutionize and change the shape of Pakistan's payment industry': CEO, Systems Limited

Representative of the new breed of young Pakistani professionals leading Systems Limited from pivotal positions, Mr. Muhammad Asif Peer serves as the CEO, Member of the Board, and Managing Director of Systems Limited. Asif Peer has worked across the board

Published 18 Jul, 2016 12:00am

The Afghan belligerence

Pakistan seems to have been paying the price of hosting millions of Afghans on its soil for several decades. A belligerent and hostile Afghan government in relation to Pakistan is a strong case in point. The Foreign Office has therefore rightly underscore

Published 18 Jul, 2016 12:00am

Turkey's bungled putsch: a strangely 20th century coup

It was a strangely 20th century coup, defeated by 21st century technology and people power. When a self-styled military "Peace Council" tried to topple Turkish President Tayyip Erdogan and his increasingly authoritarian government on Friday night, the reb

Published 18 Jul, 2016 12:00am

Undisclosed income and property transactions

Last week I discussed in these columns the primary changes in the procedure of determination of fair value with respect to transactions relating to immovable property. That article touched upon the subject of taxing right, by federation or the provinces,

Published 18 Jul, 2016 12:00am

The economics of Brexit

The fallout of political uncertainty can be devastating on an economy. In a rare example of political uncertainty in an established democracy, notably in the United Kingdom (UK), the consequences of political uncertainty on the economy were not only swift

Published 18 Jul, 2016 12:00am

Cotton

Subsidy on fertilizer

The federal government appears to be routing the subsidy on urea fertilizer to farmers through urea producing companies instead of a direct cash subsidy to small farmers having landholdings of 12.5 acres or less since it does not have a mechanism in place

Published 18 Jul, 2016 12:00am

'Sultan' has survived this coup - but...

An attempted coup by a faction of the military in Turkey has failed because of decisive action by the loyal military command and the determined unarmed resistance of the people. On July 15, Turkey and the world were shocked by the announcement by the mili

Published 18 Jul, 2016 12:00am

Malaysia Airlines settles damages with MH17 victims

Malaysia Airlines has struck a deal to settle damages claims for most victims of its MH17 flight that was shot down over eastern Ukraine two years ago on Sunday, Dutch national broadcaster NOS reported.

Published 18 Jul, 2016 12:00am

Le Corbusier buildings named world heritage sites

Seventeen buildings designed by Swiss-French architecture pioneer Le Corbusier have become UNESCO world heritage sites, the Swiss government said on Sunday, opening up the chance of more funding for conservation.

Published 18 Jul, 2016 12:00am

Brexit minister seeks 'generous' deal for EU citizens, Britons

Britain's Brexit minister said he wanted a generous settlement for Britons living in the EU and for Europeans in Britain after the country voted to leave the 28-nation bloc, but declined to fully guarantee the rights of EU citizens.

Published 18 Jul, 2016 12:00am

5.0 magnitude quake shakes Tokyo

A 5.0 magnitude earthquake shook Tokyo and large ares of eastern Japan Sunday, the US Geological Survey said, but there were no immediate reports of damage or casualties. The quake hit at 1:24 pm (0424 GMT) with its epicentre at a relatively shallow depth

Published 18 Jul, 2016 12:00am

Scotland's Sturgeon says would not rule out staying in EU and UK

Scotland's First Minister Nicola Sturgeon said she would not rule out the possibility of Scotland remaining in the European Union as well as part of Britain, which backed Brexit in a referendum mainly due to voters in England and Wales.

Published 18 Jul, 2016 12:00am

Suspected North Korean defector found in Japan

A man claiming to have escaped North Korea was being held under police protection after he was found wandering in a city in western Japan, local media reported on Sunday. The man told the police that he left North Korea by ship last week, public broadcast

Published 18 Jul, 2016 12:00am

Currency

Angola hits troubled times after heady post-war boom

After the end of Angola's long civil war in 2002, the capital Luanda became an unlikely African version of Dubai as oil money poured in and a clutch of skyscrapers sprang up along the coast. But many new office blocks now stand empty or unfinished as the

Published 18 Jul, 2016 12:00am

Greece charges Turkish coup asylum seekers with illegal entry

Eight Turkish military officers who fled to Greece by helicopter after a failed coup were charged on Sunday by a prosecutor with illegal entry and violating Greek airspace, their lawyer said.

Published 18 Jul, 2016 12:00am

China's urban air quality improves in first half

Air quality in China's largest cities continued to improve during the first six months of 2016, the country's environment ministry said on Sunday. China's largest 338 cities enjoyed more clean air days in the first half compared with the same period of 20

Published 18 Jul, 2016 12:00am

Suu Kyi holds landmark rebel talks

Myanmar's de facto premier Aung San Suu Kyi held landmark talks with senior rebel leaders on Sunday, as she strives to seal a cease-fire with a patchwork of ethnic minority militias that have battled the national army for decades.

Published 18 Jul, 2016 12:00am

UBG for revisiting telecom taxes

The ruling United Business Group (UBG) of FPCCI has called upon the government to review taxes on the internet to promote its usage as it is linked to the national development.

Published 18 Jul, 2016 12:00am

OPC Punjab organises Road Show in Dubai

With a view to sensitising Overseas Pakistanis living in Dubai (UAE) about the functioning of Overseas Pakistanis Commission (OPC) Punjab and redresses of their complaints at their door step, OPC Punjab, organised a Road Show in Dubai (UAE). A large numbe

Published 18 Jul, 2016 12:00am

Spurious drugs: Punjab CM forms task force

Chief Minister Punjab Muhammad Shahbaz Sharif has constituted a Provincial Task Force for control and elimination of spurious drugs from the province. Parliamentary Secretary on Health Kh Imran Nazir will be the convenor of the task force.

Published 18 Jul, 2016 12:00am

Wafaqi Mohtasib to sign MoU with SCCI on promotion of trade

Federal Ombudsman M. Salman Faruqui has said that Wafaqi Mohtasib Secretariat would sign a Memorandum of Understanding (MoU) with Sheikhupura Chamber of Commerce & Industry (SCCI) to address the constraints being faced by them in the promotion of trade, b

Published 18 Jul, 2016 12:00am

Heavy downpour may generate flash/urban flooding

The Meteorological department has cautioned that heavy downpour may generate flash/urban flooding and landslides in vulnerable areas of Upper KP, GB, Northeast Punjab and Kashmir today (Monday).

Published 18 Jul, 2016 12:00am

Earthquake jolts various parts of Punjab

An earthquake of moderate intensity jolted parts of Punjab on Sunday but no loss was reported due to quake. According to geological wing of PMD tremors measuring 4.4 on Richter scale were felt in different cities of Punjab including the provincial capital

Published 18 Jul, 2016 12:00am

Punjab CM praises performance of government

Punjab Chief Minister Muhammad Shahbaz Sharif has said that those people are very lucky who are provided opportunity of public service by Allah Almighty. He said that local bodies are of paramount importance for democratic system and a best source of comp

Published 18 Jul, 2016 12:00am

Punjab government to observe 'Dengue Day' on July 23

Chief Secretary Punjab Capt Zahid Saeed (retd) has announced to observe "Dengue Day" throughout the province on Saturday, July 23, this year. All the Governmental and semi-government offices and the premises of educational institutions will be swept for i

Published 18 Jul, 2016 12:00am

Indian atrocities against Kashmiris: Black Day to be observed actively: Shahbaz

Punjab Chief Minister Shahbaz Sharif has said that black day against Indian cruelties in occupied Jammu & Kashmir will be observed actively. He said that elected representatives and workers should take active part in the functions on the occasion of black

Published 18 Jul, 2016 12:00am

NAVTTC, FCCI to launch programme to develop workforce

The National Vocational & Technical Training Commission (NAVTTC), in collaboration with the Faisalabad Chamber of Commerce and Industry (FCCI), will launch a pilot project to impart training in seven different trades to unemployed and unskilled persons.

Published 18 Jul, 2016 12:00am

Blood test may help prevent overuse of antibiotics

An inexpensive blood test could one day tell doctors whether an infection is caused by a virus or a bacteria, and help prevent unwarranted prescribing of antibiotics, researchers said on Wednesday.

Published 18 Jul, 2016 12:00am

Common medications can make heart failure worse

Many prescribed medications, over-the-counter drugs, and herbal products can cause or worsen heart failure, so it's important for patients to tell doctors about everything they're taking. So says a new scientific statement from the American Heart Associat

Published 18 Jul, 2016 12:00am

Age, sex of blood donor may impact patient outcome

Blood that comes from donors who are young or female may be linked to poorer outcomes in the patients who receive them, researchers suggested on Monday. The findings in the Journal of the American Medical Association (JAMA) Internal Medicine are based on

Published 18 Jul, 2016 12:00am

El Nino, La Nina could lead to spike in new HIV infections in Africa: UNICEF

Drought exacerbated by the El Nino weather pattern could lead to a spike in new HIV infections in southern Africa as women and girls turn to sex to survive and patients miss treatments, the United Nations childrens' agency UNICEF said on Tuesday.

Published 18 Jul, 2016 12:00am

Scientists outline stategy for AIDS cure

Calling the AIDS epidemic "the most important global health challenge in modern history," more than 50 top scientists pressed their case on Monday for a drive to stop the killer disease in its tracks. Anchored by Nobel Medicine laureate Francoise Barre-Si

Published 18 Jul, 2016 12:00am

Zika epidemic should fizzle out within three years

The outbreak of the mosquito-borne Zika virus, blamed for a surge in birth defects, has likely reached its peak in Latin America and the epidemic should be over within three years, researchers said on Thursday.

Published 18 Jul, 2016 12:00am

Many high-risk patients missed by diabetes screening

More than half of people at high risk for diabetes are missed under current US screening guidelines, including many African-Americans, Hispanics and those who are not overweight, researchers said on Tuesday.

Published 18 Jul, 2016 12:00am

Potential quake in Bangladesh could jeopardise millions

A potentially giant earthquake may be building up beneath Bangladesh and eastern India and could endanger as many as 140 million people, a study said on Monday. The earthquake is not imminent but inevitable as sections of the earth's crust press against o

Published 18 Jul, 2016 12:00am

Samsung Electronics seeks stake in China electric carmaker BYD

South Korean technology giant Samsung Electronics Co Ltd on Friday said it is in talks to acquire a stake in Chinese automaker BYDto boost its chip business for electric cars. In December, Samsung Electronics, the world's top maker of smartphones and memo

Published 18 Jul, 2016 12:00am

New app lets public help map disasters, conflicts and outbreaks

Swiping right or tapping on a mobile phone are not typical ways of helping poor communities, but a new app launched by a medical charity on Friday aims to use technology to help aid workers map areas at risk of conflict, disasters and disease.

Published 18 Jul, 2016 12:00am

GM sees self-driving cars as gradual rollout

General Motors believes in autonomous vehicles as a safer mode of transport, and expects the technology to come more quickly than most people think, a top executive said Monday.

Published 18 Jul, 2016 12:00am

Oculus boosts Rift VR gear availability

Oculus on Tuesday announced it is ramping up availability of its Rift virtual reality gear and planning a major conference in October for developers making software for it. Facebook-owned Oculus said that all pre-ordered Rift headsets have been sent to bu

Published 18 Jul, 2016 12:00am

Online shopping catching on among women in Pakistan

Online shopping websites in Pakistan, to which a large traffic of women come to make an online purchase, have been keeping track of their purchasing behaviour in Pakistan. A report aired by a private news channel said, there are high peak times, when ther

Published 18 Jul, 2016 12:00am

Google says anti-piracy effort delivered $2 billion

Google said Wednesday its efforts to fight online piracy have yielded $2 billion paid out to copyright holders whose content is shown on its YouTube platform.

Published 18 Jul, 2016 12:00am

Technology gives unique voices to those who can't speak

Jessie Levine smiles and shakes her head when she hears the outgoing voicemail message on her iPhone. "I sound young! And fast!" she marvels. "That person never, ever expected to talk like this."

Published 18 Jul, 2016 12:00am

Pokemon Go mania drives players into wild outdoors

Pokemon Go mania has quickly swept the US as players armed with smartphones hunt streets, parks, rivers and elsewhere to capture monsters and gather supplies in the hit game. The free application based on a Nintendo title that debuted 20 years ago has bee

Published 18 Jul, 2016 12:00am

Windows 10 to take longer to reach billion-device goal

Microsoft said Friday it will take longer than initially expected for Windows 10 to reach a billion devices due to the lack of traction in its smartphone business. The company had set an ambitious goal of having a billion gadgets running on Windows 10 mon

Published 18 Jul, 2016 12:00am

Delta Air tops profit expectations

Delta Air Lines Inc on Thursday reported a higher-than-expected profit for the second quarter and said it would make fewer seats available to the United Kingdom and elsewhere than previously planned this autumn so ticket prices do not drop.

Published 18 Jul, 2016 12:00am

Delta Air tops profit expectations

Delta Air Lines Inc on Thursday reported a higher-than-expected profit for the second quarter and said it would make fewer seats available to the United Kingdom and elsewhere than previously planned this autumn so ticket prices do not drop.

Published 18 Jul, 2016 12:00am

Alcoa second quarter profit drops on low aluminum prices

Alcoa Inc on Monday reported a lower quarterly net profit, as revenue was hit by falling aluminum and alumina prices and plant operations that have been curtailed, closed or sold off. Alcoa reiterated its forecast for global automotive production growth i

Published 18 Jul, 2016 12:00am

Alcoa second quarter profit drops on low aluminum prices

Alcoa Inc on Monday reported a lower quarterly net profit, as revenue was hit by falling aluminum and alumina prices and plant operations that have been curtailed, closed or sold off. Alcoa reiterated its forecast for global automotive production growth i

Published 18 Jul, 2016 12:00am

ADIB warns on credit growth after 1 percent second quarter profit gain

Abu Dhabi Islamic Bank (ADIB) warned on Thursday it was restricting the amount of new credit it was extending due to an increase in defaults across its business lines. The message from the emirate's largest Islamic bank is perhaps the most stark yet of th

Published 18 Jul, 2016 12:00am

Thai Tisco second quarter net profit up 20 percent, bad debt drops

Thailand's Tisco Financial Group Pcl reported a 20 percent rise in second-quarter net profit on Monday, thanks mainly to higher net interest income and lower provisions after bad debts fell again.

Published 18 Jul, 2016 12:00am

Thai Tisco second quarter net profit up 20 percent, bad debt drops

Thailand's Tisco Financial Group Pcl reported a 20 percent rise in second-quarter net profit on Monday, thanks mainly to higher net interest income and lower provisions after bad debts fell again.

Published 18 Jul, 2016 12:00am

GE aims for $1 billion cell therapy 'tools' business with Swiss deal

General Electric's healthcare unit aims to build a $1 billion business offering vital manufacturing tools for a coming wave of cell therapies, helped by the acquisition of a Swiss firm that doubles its presence in the field.

Published 18 Jul, 2016 12:00am

Swatch Group warns of first half profit slide as sales drop

Swatch Group on Friday said its first-half profit would slide 50-60 percent on dwindling sales in Hong Kong and Europe, and analysts warned that the deadly Bastille Day attack in Nice would hurt tourist sales for the foreseeable future.

Published 18 Jul, 2016 12:00am

Swatch Group warns of first half profit slide as sales drop

Swatch Group on Friday said its first-half profit would slide 50-60 percent on dwindling sales in Hong Kong and Europe, and analysts warned that the deadly Bastille Day attack in Nice would hurt tourist sales for the foreseeable future.

Published 18 Jul, 2016 12:00am

Qatar Airways profit jumps threefold

Qatar Airways said on Monday its net profit for the year ending March 31 rose sharply because of low oil prices and a cut in expenditure. The Gulf state's national carrier posted a net profit of 1,621 million Qatari riyals ($442 million) in the year 2015/

Published 18 Jul, 2016 12:00am

UniCredit launches strategy review under new CEO

UniCredit's board on Monday approved the launch of a strategic in-depth review under its new chief executive as it seeks to boost its capital position and improve profitability. Italy's biggest bank by assets last month appointed French investment banker

Published 18 Jul, 2016 12:00am

Citigroup targets high-growth firms to boost Asia corporate banking business

Citigroup Inc looks to sharpen its focus on winning a bigger share of business from "emerging market champions" in Asia, including rapidly growing Internet firms, as part of its plans to boost corporate banking revenue.

Published 18 Jul, 2016 12:00am

Golubic celebrates first title in Gstaad

Victorija Golubic claimed a home victory at the Gstaad WTA tournament on Sunday, the Zurich player fighting back for a 4-6, 6-3, 6-4 defeat of third seed Kiki Bertens. The world number 105 won the first title of her career in just over two hours as she ov

Published 18 Jul, 2016 12:00am

Stenson sees off Mickelson to win British Open

Henrik Stenson won the British Open at Royal Troon on Sunday, pipping Phil Mickelson by producing a major championship record-equalling round of 63 on the final day. The Swede - who played superbly to finally win his first major at the age of 40 - led by

Published 18 Jul, 2016 12:00am

Edmund takes Britain into Davis Cup semi against Argentina

Kyle Edmund won his second singles rubber of the weekend to steer Davis Cup champions Great Britain past Serbia on Sunday and into a mouth-watering semi-final clash against Argentina.

Published 18 Jul, 2016 12:00am

Australia's Gerrans, Hewitt out of Rio

Australia's Olympic hopes were dented Sunday as road cyclist Simon Gerrans withdrew from the Rio Games with an injury and Lleyton Hewitt was set to pull out as tennis coach.

Published 18 Jul, 2016 12:00am

Robben out for six weeks with new injury

Arjen Robben looks set to miss the start of the new season after the Bayern Munich star suffered another injury ruling him out for six weeks with a groin problem. The 32-year-old Dutch forward, who had not played since mid-March because of a previous groi

Published 18 Jul, 2016 12:00am

Pantano gives Colombia cheer with Tour stage win

Jarlinson Pantano finally provided some joy for Colombia at the Tour de France by winning Sunday's 15th stage. The country's top rider Nairo Quintana has been strangely out of sorts over the Tour's first two weeks, and sits fourth overall at 2min 59sec be

Published 18 Jul, 2016 12:00am

Messi still the best despite international failures: Ronaldinho

Lionel Messi is still the best player in the world despite never winning a major international trophy for Argentina, former Barcelona team mate and Brazil great Ronaldinho said on Sunday. The 29-year-old Messi, who retired from internationals last month a

Published 18 Jul, 2016 12:00am

Waseem wins WBC silver flyweight title in Seoul

Pakistani boxer Mohammad Waseem defeated Philippine boxer Jether Olivia to clinch the World Boxing Council (WBC) silver flyweight title, here in Seoul on Sunday. The two fighters exchanged blows throughout the 12 rounds of the games and eventually the Pak

Published 18 Jul, 2016 12:00am

Motorcycling: Zarco wins thriller in Germany

Johann Zarco pulled away at the top of the Moto2 championship when the Frenchman surged to victory at a soaking German Grand Prix on Sunday, as his nearest rivals crashed out.

Published 18 Jul, 2016 12:00am

Pakistan hockey stars shine in BD Hockey League

Around 25 Pakistani hockey stars played for different teams in this year's Bangladesh Hockey League-2016 and shined for their respective teams by giving some excellent performance in 12 teams competed lasted for two months.

Published 18 Jul, 2016 12:00am

Yasir Shah leads Pakistan to Lord's win over England

Yasir Shah marked his first Test outside of Asia and the United Arab Emirates by taking 10 wickets in the match as Pakistan beat England by 75 runs in their series opener at Lord's on Sunday. Leg-spinner Shah took 10 for 141, including a second-innings ha

Published 18 Jul, 2016 12:00am

Yasir Shah leads Pakistan to Lord's win over England

Yasir Shah marked his first Test outside of Asia and the United Arab Emirates by taking 10 wickets in the match as Pakistan beat England by 75 runs in their series opener at Lord's on Sunday. Leg-spinner Shah took 10 for 141, including a second-innings ha

Published 18 Jul, 2016 12:00am

Google CEO defends Europe tax practices, warns on Brexit

Google CEO Sundar Pichai hit back Sunday at accusations that the global internet giant failed to pay enough taxes in Europe, and warned of the potential fallout from Britain leaving the EU. As Google faces a raft of fiscal probes across the continent, Pic

Published 18 Jul, 2016 12:00am

UBS, DBS, Falcon face Singapore scrutiny over 1MDB transactions

Singapore's central bank is scrutinising several banks, including UBS and DBS Group Holdings, to see if they broke anti-money laundering rules in handling transactions linked to scandal-hit Malaysian state fund 1MDB, three people with knowledge of the mat

Published 18 Jul, 2016 12:00am

China will struggle to maintain growth pace for wages

Wages in China kept pace with economic growth in the first half of 2016 but maintaining that will be difficult, the country's statistics bureau said on Sunday. It cited issues such as overcapacity in China's coal and steel sectors as well as some declinin

Published 18 Jul, 2016 12:00am

UK farmers union complains over supermarkets 'fake' farm brands

Britain's farmers union has formally complained to the country's National Trading Standards Institute over the use by supermarkets, including market leader Tesco, of "fake" farm branding on some food products, it said on Sunday.

Published 18 Jul, 2016 12:00am

Saudi's Riyad Bank second quarter net profit rises

Riyad Bank, Saudi Arabia's fourth-largest lender by assets, posted a 1.6 percent rise in second-quarter net profit on Sunday, beating analysts forecasts. The bank made 1.15 billion riyals ($306.6 million) in the three months to June 30, up from 1.13 billi

Published 18 Jul, 2016 12:00am

Taiwan says foreign suspects arrested over $2 million ATM cyber robbery

Police in Taiwan said on Sunday they had arrested three out of 16 foreign suspects they believe hacked into the cash machines of a major local bank, withdrawing more than $2 million. They are accused of targeting First Bank's ATMs last week, using malware

Published 18 Jul, 2016 12:00am

Almarai net profit up 18.6 percent

Almarai, the Gulf's largest dairy company, reported an 18.6 percent increase in second-quarter net profit on Sunday, beating analysts' forecasts, showing the benefits of stronger sales and lower commodity prices. But the company said it would continue to

Published 18 Jul, 2016 12:00am

Zimbabwe minister says sanctions to blame for cash crunch

Zimbabwe's finance minister blamed international sanctions on Sunday for a cash crunch that has forced the government to delay wages to soldiers and civil servants as President Robert Mugabe faces rare popular protests.

Published 18 Jul, 2016 12:00am

Philippines suspends nickel miner

The Philippines has suspended a third nickel mine in less than two weeks and again warned miners not to violate environmental laws, the cabinet secretary overseeingg mining told a radio station Regina Lopez, secretary of the Department of Environment and

Published 18 Jul, 2016 12:00am

South African Airways puts $1bn debt restructuring on hold

South African Airways (SAA) said on Sunday it had put on hold a deal to restructure 15 billion rand ($1 billion) of debt after questions were raised about the awarding of the work.

Published 18 Jul, 2016 12:00am

Turkey's failed coup unnerves foreign investors

Turkey's bungled military coup has shaken foreign investors and stoked fears about political stability that are expected to weigh on Turkish financial assets in days and weeks to come. On Friday night, a group of rebel soldiers using tanks, attack helicop

Published 18 Jul, 2016 12:00am

Currency

Czech central banker sees wage growth enabling end of currency floor next year

Czech wage growth will accelerate into next year, pushing up prices and allowing the currency to be unpegged from the euro, a new central bank board member said in an interview. Vojtech Benda said he saw no reason to doubt the board's intention to start r

Published 18 Jul, 2016 12:00am

Global stocks outlook dims with risk aversion on the rise again

Optimism about stock market performance this year has wilted, with investors fretting about the global economy and unexpected shocks likely to condemn most key indices to a weaker performance than thought just a few months ago.

Published 18 Jul, 2016 12:00am

Government bonds to be well bid on central bank demand

Major sovereign bonds are set to remain in demand over the coming year from central banks, as well as institutions that require what is still perceived as a safer asset in their portfolios, a Reuters poll found.

Published 18 Jul, 2016 12:00am

Government bonds to be well bid on central bank demand

Major sovereign bonds are set to remain in demand over the coming year from central banks, as well as institutions that require what is still perceived as a safer asset in their portfolios, a Reuters poll found.

Published 18 Jul, 2016 12:00am

Major Gulf stocks up; Saudi's NCB falls on earnings

Major Middle Eastern stock markets edged up on Sunday although some shares with exposure to Turkey underperformed after the failed coup attempt there, and Saudi Arabia's largest listed bank dropped after reporting second-quarter earnings.

Published 18 Jul, 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 18 Jul, 2016 12:00am

'Big money' to be made if stocks fail to stay near current highs: Gundlach

Jeffrey Gundlach, chief executive officer of DoubleLine Capital, said on Tuesday that there is "big money" to be made on the "short side" if equities fail to stay near current highs.

Published 18 Jul, 2016 12:00am

Euro, sterling money fund assets rise

Assets of euro and sterling-denominated money market funds rose for a second week following Britain's vote to exit the European Union, while overseas dollar-denominated money fund assets fell, the Offshore Money Fund Report said on Tuesday.

Published 18 Jul, 2016 12:00am

Euro, sterling money fund assets rise

Assets of euro and sterling-denominated money market funds rose for a second week following Britain's vote to exit the European Union, while overseas dollar-denominated money fund assets fell, the Offshore Money Fund Report said on Tuesday.

Published 18 Jul, 2016 12:00am

Currency

Asian local currency debt takes safe-haven appeal amid Brexit fallout

The prospect of central bank policy easing in Asia is luring global money managers into the region's local-currency bonds as the Brexit aftermath drives investors to seek debt-assets away from developed economies.

Published 18 Jul, 2016 12:00am

Currency

Post-Brexit yield clamour brings fresh bid for emerging currency bonds

Following stellar returns in the first half of 2016, emerging currency debt is being swept up in a fresh rally re-kindled by Britain's Brexit vote that is crushing bond yields across most developed markets.

Published 18 Jul, 2016 12:00am

Currency

Post-Brexit yield clamour brings fresh bid for emerging currency bonds

Following stellar returns in the first half of 2016, emerging currency debt is being swept up in a fresh rally re-kindled by Britain's Brexit vote that is crushing bond yields across most developed markets.

Published 18 Jul, 2016 12:00am

Currency

Wall Street week ahead: can stocks stay at highs? That depends on earnings

After finally eclipsing year-old record highs, the US stock market will be tested again next week, when the onslaught of company earnings could help investors assess the impact of Britain's vote to exit the European Union.

Published 18 Jul, 2016 12:00am

Currency	Rate
USD PKR Interbank Selling / Oct 4	277.65
USD PKR Interbank Buying / Oct 4	277.45
USD to Japanese Yen / Oct 5	148.70
USD to Swiss Franc / Oct 5	0.86
Pound Sterling to USD / Oct 5	1.31
Euro to USD / Oct 5	1.10

Stock	Volume
S&P 500 / Oct 5	5,751.07
India Sensex / Oct 5	81,688.45
Tokyo Nikkei / Oct 5	38,635.62
Nasdaq / Oct 5	18,137.85
Hang Seng / Oct 5	22,736.87
FTSE 100 / Oct 5	8,280.63
Dow Jones / Oct 5	42,352.75
Germany DAX 30 / Oct 5	19,120.93

Item	Value
Crude Oil USD/Barrel / Oct 5	74.38
Karachi Cotton PKR/37.32 KG / Oct 5	18,285
Gold 10 Grams PKR / Oct 5	237,401.20
Gold Spot USD/Ounce / Oct 5	2,653.60
Cotton US¢/pound / Oct 5	73.27
Petrol/Litre / Oct 7	247.03

Stock	Price
786 Invest Ltd / Oct 7 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Oct 7 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Oct 7 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Oct 7 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Oct 7 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Oct 7 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Oct 7 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Oct 7 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Oct 7 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Oct 7 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Oct 7 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Oct 7 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Oct 7 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Oct 7 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Oct 7 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Oct 7 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Oct 7 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Oct 7 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Oct 7 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Oct 7 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Oct 7 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Oct 7 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Oct 7 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Oct 7 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Oct 7 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Oct 7 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Oct 7 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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