News Archives for Print - 2016-08-15

Aaj TV - Monday's schedule

All timings are in PST (Pakistan Standard Time).

Published 15 Aug, 2016 12:00am

'If the product is strong, nothing can go wrong,' says Director, Sapphire Group

BR Research recently sat down with Mr. Nabeel Abdullah who is director at the Sapphire group of companies. His diversification into the Sapphire retail clothing brand has paid off for the group and is enjoying impressive growth. We talk about his success

Published 15 Aug, 2016 12:00am

'If the product is strong, nothing can go wrong,' says Director, Sapphire Group

BR Research recently sat down with Mr. Nabeel Abdullah who is director at the Sapphire group of companies. His diversification into the Sapphire retail clothing brand has paid off for the group and is enjoying impressive growth. We talk about his success

Published 15 Aug, 2016 12:00am

'Still struggling to fight terrorism'

This is apropos yesterday's Business Recorder editorial "Still struggling to fight terrorism". It has been plausibly argued that "Unfortunately, it took the ghastly Quetta terror attack for the civil and military leadership to put their heads toget

Published 15 Aug, 2016 12:00am

How to transform indirect tax system

One of the biggest impediments towards achieving higher sustainable economic growth in Pakistan is the poor taxation system and abysmally low tax collections. Due to failure of successive governments to carry out transformative reforms in our taxation sys

Published 15 Aug, 2016 12:00am

Chaudhry Nisar's politics

The only politician today who can generate prompt angry rebuttals interspersed with attacks on his sanity is Chaudhry Nisar, the Minister for Interior. He holds a critical portfolio as terrorists continue to exact heavy casualties on our hapless citizens,

Published 15 Aug, 2016 12:00am

Multidimensional poverty

The Planning Commission has recently published a report on Multidimensional Poverty in collaboration with the Oxford Poverty and Human Development Initiative and the UNDP in Pakistan. The primary source of data is the Pakistan Social and Living Standards

Published 15 Aug, 2016 12:00am

Input output tax Adjustment

According to a Business Recorder exclusive, the Ministry of Petroleum and Natural Resources has approached the Ministry of Finance to immediately resolve the issue of input tax adjustment claims of provincial sales tax authorities/Federal Board of

Published 15 Aug, 2016 12:00am

Bank credit to agri sector

The State Bank has always been trying to encourage the financial institutions to increase the level of bank credit to the agriculture sector and has largely been successful in its efforts over the years. The latest report issued by the SBP on 8th August s

Published 15 Aug, 2016 12:00am

Fourth body found at site of Maryland apartment blast

Another body has been found after an explosion and fire ripped through at a Maryland apartment complex outside Washington, D.C. last week, bringing the total of known deaths to four with eight people still missing, authorities said on Sunday.

Published 15 Aug, 2016 12:00am

Thai police find more unexploded bombs following coordinated blasts

Thai police over the weekend found and defused five explosive devices that had failed to detonate when an as yet unidentified group carried out a series of deadly bomb attacks on popular tourist spots late last week.

Published 15 Aug, 2016 12:00am

36 killed in troubled east DR Congo

At least 36 people have been killed in the eastern Democratic Republic of Congo, the government said Sunday, calling it a massacre in revenge for military operations in the area. Three days of national mourning have been declared following Saturday night'

Published 15 Aug, 2016 12:00am

'No indication' of terrorism in Swiss train attack

Swiss police said Sunday there was no indication a stabbing and fire attack on a passenger train was an act of terror, as a female victim and the assailant died of their injuries. Five other people were hurt in Saturday's assault in eastern Switzerland, i

Published 15 Aug, 2016 12:00am

Libya forces press assault on last IS positions in Sirte

Libyan pro-government forces pressed an advance against the Islamic State group in the coastal city of Sirte on Sunday as they battled jihadists holed up in waterfront residential areas.

Published 15 Aug, 2016 12:00am

Taliban 'special forces' lead Helmand assault: Afghan officials

Only a few days ago, this village of mud huts in southern Afghanistan was a battlefield. Afghan security forces beat back attacks by encroaching Taliban fighters on Chah-e-Anjir, just 10 km (6 miles) from Helmand's provincial capital of Lashkar Gah, but s

Published 15 Aug, 2016 12:00am

Tearful Puig wins Puerto Rico's first ever gold

Monica Puig won Puerto Rico's first ever Olympic gold medal on Saturday when she defeated Germany's Angelique Kerber 6-4, 4-6, 6-1 in the women's tennis singles final. The 22-year-old Florida-based Puig defied her ranking of 34 to get the better of the wo

Published 15 Aug, 2016 12:00am

Venus Williams wins historic fifth medal

American veteran Venus Williams on Saturday became only the second tennis player in history to win five Olympic medals after reaching the mixed doubles final. The 36-year-old teamed up with Rajeev Ram to beat India's Sania Mirza and Rohan Bopanna 2-6, 6-2

Published 15 Aug, 2016 12:00am

Sumgong becomes first Kenyan woman to win Olympic marathon

Kenyan Jemima Jelagat Sumgong won gold in the women's marathon on Sunday in two hours, 24 minutes and four seconds after an aggressive and pre-planned surge in the final kilometres, becoming the first Kenyan woman to take the title. Bahrain's Eunice Jepki

Published 15 Aug, 2016 12:00am

Farah defies fall to retain 10,000m title

Britain's Mo Farah overcame the shock of a mid-race fall on Saturday to take a second straight Olympic 10,000m title and extend his remarkable record at global championships. The 33-year-old produced a trademark surge over the last 100 metres to time 27mi

Published 15 Aug, 2016 12:00am

Phelps wins last relay gold as US dominate

Michael Phelps captured his 23rd and final Olympic gold medal on Saturday as the United States sealed a week of dominance in the pool by winning the men's and women's medley relays.

Published 15 Aug, 2016 12:00am

India rout West Indies to win series

India crushed West Indies at the third test in St Lucia on Saturday, clinching the series and prompting captain Virat Kohli to say his team were going from "strength to strength".

Published 15 Aug, 2016 12:00am

Neymar takes Brazil closer to Germany rematch

Brazil captain Neymar blasted his first goal of the Olympics to edge the hosts closer to a first football gold medal in a bruising 2-0 quarter-final win over Colombia. The Barcelona star curled home an exquisite free-kick after just 12 minutes, but was lu

Published 15 Aug, 2016 12:00am

Marsh, Smith keep Australia afloat

Half-centuries from skipper Steven Smith and Shaun Marsh kept Australia in the hunt after Dinesh Chandimal's ton for Sri Lanka dominated Sunday's play in the third and final Test. Australia lost opener David Warner early but were 141 without further loss

Published 15 Aug, 2016 12:00am

Shah stars as Pakistan beat England to draw series

Yasir Shah took five wickets as Pakistan marked the country's Independence Day with a 10-wicket win over England in the fourth Test at The Oval on Sunday. Victory saw Pakistan end the four-match series all square at 2-2 on an Oval ground where they won th

Published 15 Aug, 2016 12:00am

Shah stars as Pakistan beat England to draw series

Yasir Shah took five wickets as Pakistan marked the country's Independence Day with a 10-wicket win over England in the fourth Test at The Oval on Sunday. Victory saw Pakistan end the four-match series all square at 2-2 on an Oval ground where they won th

Published 15 Aug, 2016 12:00am

UK business software company Sage hit by cyber attack

Sage Group, a provider of accounting, payroll and payments software for businesses, said cyber attackers had used an internal login to access the data of some of its British customers.

Published 15 Aug, 2016 12:00am

Volkswagen gets approval for another 460,000 diesel-car fixes

Volkswagen has won German regulatory approval for technical fixes on another 460,000 diesel cars with illicit emissions control software, it said on Sunday, raising the number of vehicles cleared for repair to over 5 million.

Published 15 Aug, 2016 12:00am

Some shell companies sidestep new UK transparency rules

Some UK shell companies under offshore control may be skirting new rules which were designed to clamp down on corruption and tax evasion by forcing businesses to reveal their true owners, a Reuters analysis of corporate filings shows.

Published 15 Aug, 2016 12:00am

Currency

Egypt reconsiders grain mega project amid scandal investigation

Blumberg Grain said its mega project to store Egyptian grains was back in play, with the government to announce a final decision in two weeks, after earlier indications that plans had been shelved and the company might exit the country entirely.

Published 15 Aug, 2016 12:00am

Bangladesh says withholding heist probe info from 'foreign perpetrators'

Bangladesh's central bank has said it is withholding findings of investigations into the cyber theft of $81 million from its account at the Federal Reserve Bank of New York to avoid tipping off the "foreign perpetrators" of the hack.

Published 15 Aug, 2016 12:00am

Mali aims to save $50 million by striking 13,000 'ghost' workers off payroll

Mali, one of the world's poorest countries, has identified 13,000 fictitious workers on the state payroll who had cost a total of 30 billion CFA francs ($50 million), according to the information minister.

Published 15 Aug, 2016 12:00am

Iraq starts natural gas processing plant in south-east region

Iraq started operating a new natural gas processing plant for oil fields in the south-eastern region on Sunday as part of a plan to use gas that was previously flared to generate electricity, the oil ministry said in a statement.

Published 15 Aug, 2016 12:00am

Dubai Financial Group sells stake in EFG-Hermes to Natixis

Dubai Financial Group sold its 11.8 percent stake in Egyptian investment bank EFG-Hermes Holding to France's Natixis under a debt restructuring deal, its parent company said on Sunday.

Published 15 Aug, 2016 12:00am

Currency

Europe's boutique firms stealing M&A market share, dealmakers

Boutique advisory firms now receive nearly half of all mergers and acquisition fees in Europe, stealing market share and top dealmakers from global investment banks hamstrung by a renewed focus on cost-cutting and regulations on how much they can pay.

Published 15 Aug, 2016 12:00am

Currency

Europe's boutique firms stealing M&A market share, dealmakers

Boutique advisory firms now receive nearly half of all mergers and acquisition fees in Europe, stealing market share and top dealmakers from global investment banks hamstrung by a renewed focus on cost-cutting and regulations on how much they can pay.

Published 15 Aug, 2016 12:00am

SBP governor asks employees to discharge duties sincerely

Governor State Bank of Pakistan Ashraf Mahmood Wathra has urged upon the bank employees to discharge their duties sincerely and keep on improving service standards as per Quaid's vision.

Published 15 Aug, 2016 12:00am

Independence Day celebrations: five killed in gunfire

Five persons were killed while over 41 were injured from an aerial firings on the Independence Day in Multan and Karachi while dozens of others were injured in Rawalpindi and Islamabad on Sunday. According to reports, a man committed suicide after killing

Published 15 Aug, 2016 12:00am

Adeel Bajwa appointed as CEO of Dhabi Group

Sheikh Nahyan Mubarak Al Nahyan, Chairman of Dhabi Group, Abu Dhabi has appointed Adeel Bajwa as the new CEO of Dhabi Group. Adeel Bajwa has been associated with the Group for the last 12 years. He has served as the General Counsel for the Group as well a

Published 15 Aug, 2016 12:00am

Sindh CM performs ground-breaking of K-IV project

Chief Minister (CM) Sindh, Syed Murad Ali Shah has said that water shortage in Karachi is one of the serious problems, therefore his government has launched Greater Karachi Bulk Water Supply K-IV project to provide 260 MGD water to the city on top priorit

Published 15 Aug, 2016 12:00am

KP CM vows to work for country's prosperity

Chief Minister Khyber Pakhtunkhwa Pervez Khattak invited all political leaders to join hands to work together for the prosperity of the country. Khattak wished Independence Day to the nation and said that the nation is committed to continue war against te

Published 15 Aug, 2016 12:00am

Independence Day celebrated with national zeal and fervour

The 70th Independence Day of the country was celebrated with national zeal and fervour on Sunday. The day began with special prayers in mosques for the progress and prosperity of the country.

Published 15 Aug, 2016 12:00am

Pakistan Navy assumes guard duty at Quaid's mausoleum

An impressive change of guard ceremony was held at mausoleum of Quaid-e-Azam Muhammad Ali Jinnah as the entire nation celebrated 70th Independence Day. Smartly turned out contingent of Pakistan Naval Academy cadets clad in ceremonial dresses assumed cerem

Published 15 Aug, 2016 12:00am

AJK celebrates Independence Day with zeal, fervour

In Azad Jammu and Kashmir the 70th Independence Day of Pakistan was celebrated on Sunday with traditional national zeal and fervour and in a befitting manner coupled with the renewal of the pledge that the Kashmiris would continue the ongoing struggle for

Published 15 Aug, 2016 12:00am

Zardari calls for a democratic and progressive Pakistan

Former President Asif Ali Zardari, while felicitating the nation on the 70th Independence Day, has asked the people to bear in mind the twin ideals of democracy and people's welfare on which the country was created.

Published 15 Aug, 2016 12:00am

ECP may not use EVMs on experimental basis

The Election Commission of Pakistan (ECP) may not be able to make the experimental use of the electronic voting machines in September's bye elections due to the dilly-dallying procurement process.

Published 15 Aug, 2016 12:00am

Azadi Train resumes journey today

Azadi Train will resume its country-wide journey on Monday after two-day stay here at the Rawalpindi Station. The train will leave at 9.15 am for Gujjar Khan, the next stop on its down-country run. The train will also stay at Jhelum, Lalamusa, Mandi Bahau

Published 15 Aug, 2016 12:00am

High-level meeting to finalise operational modalities of TTFA

Fourth high-level Working Group Meeting is being held on August 17-18 here to finalise the operational modalities of Transit Transport Framework Agreement (TTFA) signed by Pakistan, Iran and Turkey. Under the agreement two corridors have been established;

Published 15 Aug, 2016 12:00am

Downward trend witnessed in kitchen items' prices

Prices of important kitchen items, including vegetable, pulses, chicken, fruit in the city markets, witnessed a downward trend, according to survey conducted by Business Recorder here on Sunday. The survey witnessed that the prices of most of essen

Published 15 Aug, 2016 12:00am

Independence Day celebrated in KP, Fata with zeal

Like other parts of the country, the 70th Independence Day of the country was celebrated with national zeal and fervour in Khyber Pakhtunkhwa and Federally Administered Tribal Areas on Sunday.

Published 15 Aug, 2016 12:00am

Corruption-free Pakistan: NAB committed to coming up to expectations of nation: NAB chief

The Chairman NAB Qamar Zaman Chaudhry has said National Accountability Bureau (NAB) is committed to come up to the expectations of the nation for corruption free Pakistan.

Published 15 Aug, 2016 12:00am

PM lauds Pakistani Americans' contribution

Lauding the contribution of Pakistani Americans in the country's economic uplift, Prime Minister Nawaz Sharif has said the government is determined to achieve the goal of development and prosperity and asked the expatriates to continue promoting soft imag

Published 15 Aug, 2016 12:00am

Mine owners express reservations on regulations

Mine Owners Association has expressed fifteen severe reservations on Khyber Pakhtunkhwa Mines and Minerals Development and Regulation Ordinance 2016, saying that the ordinance does not offer any incentive that would attract foreign investors rather would

Published 15 Aug, 2016 12:00am

Ombudsman for setting up helpline for public complaints

The Federal Ombudsman has directed all the federal government departments to set up public complaints and helpline mechanism for redressal of public grievances in two weeks and to report on the next hearing.

Published 15 Aug, 2016 12:00am

Independence Day celebrated in Wah Cantt with great enthusiasm

Independence Day was celebrated in Wah Cantt with great enthusiasm and national spirit in which a large number of people from all walks of life participated.

Published 15 Aug, 2016 12:00am

Mosquito traps laced with human scent help fight malaria

Dutch and Kenyan scientists have designed a unique mosquito trap which uses human odour to attract the malaria-carrying insects, helping cut the number of cases dramatically, researchers said on Wednesday.

Published 15 Aug, 2016 12:00am

Guns, tractors threaten wildlife more than climate

The main driver of wildlife extinction is not climate change but humanity's rapacious harvesting of species for food and trophies, along with our ever-expanding agricultural footprint, said researchers pleading for a rest of conservation priorities.

Published 15 Aug, 2016 12:00am

Study details possible link between Zika and severe joint condition

Scientists in Brazil studying a possible link between Zika virus infection in the womb and severe joint abnormalities in babies say they should be added to the growing list of conditions to watch for.

Published 15 Aug, 2016 12:00am

Less toxic bone marrow transplants on horizon

Bone marrow transplants that do not require dangerous and often toxic chemotherapy could soon be possible, US researchers said on Wednesday after seeing initial success with experiments on mice. The method developed by a team of scientists at Stanford Uni

Published 15 Aug, 2016 12:00am

More big Atlantic storms forecast for this hurricane season

More storms are expected to roil the Atlantic this hurricane season, with as many as 17 big ones, US officials said on Thursday in an updated midseason forecast. "The season is still expected to be the most active since 2012," said the National Oceanic an

Published 15 Aug, 2016 12:00am

Asthma pill hailed in early test

The first new asthma pill in nearly 20 years has led to a sharp improvement in symptoms for chronic sufferers of the disease, according to an early test of the drug. A treatment called fevipiprant eased asthma symptoms, improved lung function, reduced inf

Published 15 Aug, 2016 12:00am

Climate warming blamed for vanishing fish in African lake

Fish are becoming more scarce in Africa's oldest and deepest lake, Lake Tanganyika, because of climate warming, not just overfishing, US researchers said.

Published 15 Aug, 2016 12:00am

'Alarming bleaching of Maldives corals'

Coral reefs in the Maldives are under severe stress after suffering mass bleaching this year as sea temperatures soared, a top conservationist body warned on Monday. Around 60 percent of Maldives' coral colonies have been bleached, with the figure reachin

Published 15 Aug, 2016 12:00am

Disney World exploring foot tracking technology

Disney World may one day be able to keep track of its theme-park visitors by their feet.

Published 15 Aug, 2016 12:00am

Yahoo launches site for free Hulu television

Yahoo on Monday launched a website for watching Hulu television shows in the United States. The alliance appeared to be part of a move by Hulu to shut its free streaming television service supported by advertising and focus on subscriptions.

Published 15 Aug, 2016 12:00am

World's fastest video ad delivery platform 'IMD Cloud'

Global UK technology company Group IMD is transforming the speed and convenience of video advertising management and distribution through its IMD Cloud platform. The IMD Cloud platform has been fully rolled out internationally and is believed to be the fa

Published 15 Aug, 2016 12:00am

Currency

Boom in live video helping some creators make a living

Casey Cooper is one of the most famous drummers on the planet right now. He has a million followers on YouTube, and his flaming-sticks drumming cover of Ellie Goulding's "Burn" is insane. But he'd just prefer you skip his recorded performances and instead

Published 15 Aug, 2016 12:00am

Apple buys US machine learning startup

Apple on Monday confirmed that it has bought US machine learning startup Turi as Silicon Valley giants focus on a future rich with artificial intelligence. Turi specialises in enabling developers to imbue software applications with artificial intelligence

Published 15 Aug, 2016 12:00am

Calling China: phones everywhere in world's biggest market

Sometimes it seems that no one in China, from toddlers to octogenarians, ladies in swimming pools to delivery men mid-manoeuvre, is without a cellphone to hand - and statistically it is more or less true.

Published 15 Aug, 2016 12:00am

Facebook sidesteps ad-blocking on desktop computers

Facebook on Tuesday began letting marketing messages slip past ad-blocking software on desktop computers. The update to the leading social network's advertising platform came with assurances that Facebook understands how annoying ads can be and with enhan

Published 15 Aug, 2016 12:00am

Verizon eyes automotive technology market, could spur other deals

Verizon Communications Inc's recent purchases of two vehicle tracking firms could spark more deals as the No 1 wireless provider and rival AT&T see fleet management as a source of growth, analysts said.

Published 15 Aug, 2016 12:00am

India's Idea Cellular posts 74 percent drop in first quarter profit

Idea Cellular, India's third-largest telecom company, posted a 74 percent drop in its consolidated first-quarter net profit as a one-time finance cost for spectrum and lower voice revenues pushed its income down.

Published 15 Aug, 2016 12:00am

India's Idea Cellular posts 74 percent drop in first quarter profit

Idea Cellular, India's third-largest telecom company, posted a 74 percent drop in its consolidated first-quarter net profit as a one-time finance cost for spectrum and lower voice revenues pushed its income down.

Published 15 Aug, 2016 12:00am

Abu Dhabi's TAQA: second quarter net loss widens to $160 million

Abu Dhabi National Energy Co (TAQA), the state-owned oil explorer and power supplier, on Wednesday reported a wider second-quarter net loss as low oil prices continue to weigh on its earnings. TAQA, majority-owned by Abu Dhabi's government, made a net los

Published 15 Aug, 2016 12:00am

China Mobile first half profit rises

China's largest telecom service provider, China Mobile Ltd, said its first-half net profit edged up 5.6 percent, its first interim profit rise in three years, as growth from lucrative 4G services helped it fend off stiff competition.

Published 15 Aug, 2016 12:00am

China Mobile first half profit rises

China's largest telecom service provider, China Mobile Ltd, said its first-half net profit edged up 5.6 percent, its first interim profit rise in three years, as growth from lucrative 4G services helped it fend off stiff competition.

Published 15 Aug, 2016 12:00am

Hedge fund number to shrink, first drop since crisis: Barclays

Hedge funds, known for their big bets, fees and pay packages, are on track to shrink this year as disappointing returns have forced an increasing number to shut down, Barclays said in a report released on Monday.

Published 15 Aug, 2016 12:00am

Hedge fund number to shrink, first drop since crisis: Barclays

Hedge funds, known for their big bets, fees and pay packages, are on track to shrink this year as disappointing returns have forced an increasing number to shut down, Barclays said in a report released on Monday.

Published 15 Aug, 2016 12:00am

Scotiabank plans Taiwan exit as Asia revamp continues

Bank of Nova Scotia, Canada's third-largest bank, has applied to Taiwan's financial regulator to exit the local market, the regulator and bank said on Monday, part of a revamp of its Asia strategy. Bank of Nova Scotia, which operates under the Scotiabank

Published 15 Aug, 2016 12:00am

Caterpillar sees more soft demand from energy, transport sectors

Caterpillar Inc expects no significant demand growth for its energy and transportation products for the rest of 2016 as oil prices stay weak, a senior executive said on Thursday.

Published 15 Aug, 2016 12:00am

DBS second quarter profit drops

DBS Group Holdings, Singapore's biggest lender, reported a 6 percent drop in second-quarter profit, hit by a sharp jump in provisions for bad loans as firms in the oil and gas services sector struggle to service debt.

Published 15 Aug, 2016 12:00am

DBS second quarter profit drops

DBS Group Holdings, Singapore's biggest lender, reported a 6 percent drop in second-quarter profit, hit by a sharp jump in provisions for bad loans as firms in the oil and gas services sector struggle to service debt.

Published 15 Aug, 2016 12:00am

Standard Life posts asset growth despite market turmoil

British insurer and asset manager Standard Life weathered a tough market environment to post forecast-beating asset growth and profits in the first six months of the year, sending its shares almost five percent higher.

Published 15 Aug, 2016 12:00am

ANZ nine-month profit drops, focus on high returns

Australia and New Zealand Banking Group posted a small drop in unaudited nine-month cash profit on Tuesday while revenues slowed as the bank looked at shrinking its balance sheet to focus on high-returning businesses. Under new Chief Executive Officer Sha

Published 15 Aug, 2016 12:00am

More airline outages seen as carriers grapple with aging

Airlines will likely suffer more disruptions like the one that grounded about 2,000 Delta flights last week because major carriers have not invested enough to overhaul reservations systems based on technology dating to the 1960s, airline industry and tech

Published 15 Aug, 2016 12:00am

New BoE bond purchase programme finds no lack of sellers

Investors rushed to sell bonds to the Bank of England on Monday after it revived its quantitative easing asset purchase programme for the first time in nearly four years to cushion the shock of Britain's decision to leave the European Union.

Published 15 Aug, 2016 12:00am

New BoE bond purchase programme finds no lack of sellers

Investors rushed to sell bonds to the Bank of England on Monday after it revived its quantitative easing asset purchase programme for the first time in nearly four years to cushion the shock of Britain's decision to leave the European Union.

Published 15 Aug, 2016 12:00am

Saudi, Japanese officials to discuss investment into Aramco IPO

Saudi and Japanese officials will hold meetings to discuss Japanese investment into the planned initial public offering (IPO) of a small part of Riyadh-controlled Saudi Aramco, said Khalid Al-Falih, the kingdom's energy minister.

Published 15 Aug, 2016 12:00am

Jamaica extends curve, saves on interest payments with new tap

Jamaica's successful US $743m tap of existing bonds Thursday funded a liability management exercise that substantially pushed out the average maturity of the sovereign's debt and reduced interest payments, said bankers.

Published 15 Aug, 2016 12:00am

Jamaica extends curve, saves on interest payments with new tap

Jamaica's successful US $743m tap of existing bonds Thursday funded a liability management exercise that substantially pushed out the average maturity of the sovereign's debt and reduced interest payments, said bankers.

Published 15 Aug, 2016 12:00am

Global negative-yielding debt slips to $11.4 trillion: Fitch

The global amount of negative-yielding government bonds edged down to $11.4 trillion on August 2 from two weeks ago as Japanese debt yields rose in reaction to more official stimulus announcements, Fitch Ratings said on Wednesday.

Published 15 Aug, 2016 12:00am

Global negative-yielding debt slips to $11.4 trillion: Fitch

The global amount of negative-yielding government bonds edged down to $11.4 trillion on August 2 from two weeks ago as Japanese debt yields rose in reaction to more official stimulus announcements, Fitch Ratings said on Wednesday.

Published 15 Aug, 2016 12:00am

Gulf shares rise after oil prices climb, Egypt eases off 13-month high

A bounce in oil prices at the end of last week helped lift stock markets in the Gulf on Sunday, while Egypt's main index eased off a 13-month closing high as investors were cautious about a preliminary agreement with the IMF on a loan programme.

Published 15 Aug, 2016 12:00am

Twilio IPO exceeds expectations

Communications software provider Twilio Inc defied stock market volatility prompted by Britain's referendum on European Union membership by raising $150 million, a higher amount than it had originally targeted.

Published 15 Aug, 2016 12:00am

Mexico returns to dollar bond market with blowout trade

Mexico returned to the dollar market for the first time in eight months on Monday with a blowout US $2.76bn two-part bond that generated over US $10bn in demand. Positive sentiment following Friday's payrolls number and a recovery in crude prices presente

Published 15 Aug, 2016 12:00am

Mexico returns to dollar bond market with blowout trade

Mexico returned to the dollar market for the first time in eight months on Monday with a blowout US $2.76bn two-part bond that generated over US $10bn in demand. Positive sentiment following Friday's payrolls number and a recovery in crude prices presente

Published 15 Aug, 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 15 Aug, 2016 12:00am

China regulator says preparing for Shenzhen-Hong Kong stock connect

The China Securities Regulatory Commission (CSRC) is actively preparing for the Shenzhen-Hong Kong stock connect and will launch the scheme sometime this year, the regulator said Friday.

Published 15 Aug, 2016 12:00am

Setting bond yield cap may be future BoJ option

Setting a cap on long-term interest rates and buying bonds to keep yields below that level may be a realistic option for the Bank of Japan if it were to overhaul its massive stimulus programme in the future, a former top BoJ economist said.

Published 15 Aug, 2016 12:00am

Setting bond yield cap may be future BoJ option

Setting a cap on long-term interest rates and buying bonds to keep yields below that level may be a realistic option for the Bank of Japan if it were to overhaul its massive stimulus programme in the future, a former top BoJ economist said.

Published 15 Aug, 2016 12:00am

Currency

China's yuan seen falling another three percent over next 12 months

The Chinese yuan may fall more than 3 percent against the dollar by a year from now, more than expected just a month ago, as the economy struggles to maintain momentum and as the dollar edges up on views of an eventual US rate rise, a Reuters poll found.

Published 15 Aug, 2016 12:00am

Currency	Rate
USD PKR Interbank Selling / Jan 1	277.70
USD PKR Interbank Buying / Jan 1	277.45
USD to Japanese Yen / Jan 1	148.28
USD to Swiss Franc / Jan 1	0.86
Pound Sterling to USD / Jan 1	1.31
Euro to USD / Jan 1	1.10

Stock	Volume
S&P 500 / Jan 1	5,751.13
India Sensex / Jan 1	81,634.81
Tokyo Nikkei / Jan 1	39,178.70
Nasdaq / Jan 1	18,182.92
Hang Seng / Jan 1	20,528.47
FTSE 100 / Jan 1	8,190.61
Dow Jones / Jan 1	42,080.37
Germany DAX 30 / Jan 1	19,066.47

Item	Value
Petrol/Litre / Jan 1	247.03
Crude Oil USD/Barrel / Jan 1	73.74
Karachi Cotton PKR/37.32 KG / Jan 1	18,485
Gold 10 Grams PKR / Jan 1	234,829.10
Gold Spot USD/Ounce / Jan 1	2,618.63
Diesel/Litre / Jan 1	246.29

Stock	Price
786 Invest Ltd / Oct 9 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Oct 9 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Oct 9 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Oct 9 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Oct 9 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Oct 9 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Oct 9 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Oct 9 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Oct 9 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Oct 9 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Oct 9 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Oct 9 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Oct 9 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Oct 9 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Oct 9 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Oct 9 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Oct 9 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Oct 9 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Oct 9 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Oct 9 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Oct 9 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Oct 9 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Oct 9 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Oct 9 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Oct 9 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Oct 9 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Oct 9 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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