News Archives for Print - 2016-09-05

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Print - 2016-09-05

The Weather

The weather report on Sunday (September 28, 2016) and the forecast for Monday (September 05, 2016).

Published 05 Sep, 2016 12:00am

Returns on Profit and Loss Sharing Investment Bank Accounts (JANUARY TO JUNE 2016)

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

Published 05 Sep, 2016 12:00am

Currency

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (August 29 to September 02, 2016).

Published 05 Sep, 2016 12:00am

Aaj TV - Monday's schedule

All timings are in PST (Pakistan Standard Time).

Published 05 Sep, 2016 12:00am

Two more MQM offices demolished

Two more offices of the Muttahida Qaumi Movement (MQM) have been razed in Karachi on Sunday. The crackdown against illegal offices of MQM continued on Sunday, two more Unit offices of the party were demolished in the presence of law enforcement officials

Published 05 Sep, 2016 12:00am

KP Governor inaugurates Shangla campus of Swat University

Khyber Pakhtunkhwa Governor Iqbal Zafar Jhagra Sunday inaugurated Shangla Campus of the University of Swat at Alpuri, district Shangla.

Published 05 Sep, 2016 12:00am

Sartaj, Omani FM discuss bilateral relations

Adviser to the Prime Minster on Foreign Affairs, Sartaj Aziz was on a two-day bilateral visit to Muscat from September 3-4, 2016, at the invitation of Yusuf Bin Alawai Bin Abdullah, Minister Responsible for Foreign Affairs of Sultanate of Oman.

Published 05 Sep, 2016 12:00am

Sindh government urged to ensure sugarcane procurement, crushing by October 1

The Sindh Chamber of Agriculture (SCA) has requested the Sindh Government to ensure that the sugar mills begin sugarcane procurement and crushing by October 1. The meeting of the SCA demanded that the provincial government enforce the Sindh Sugar Factorie

Published 05 Sep, 2016 12:00am

SBBWU Peshawar's 12th foundation day observed

Shaheed Benazir Bhutto Women University (SBBWU) Peshawar observed its 12th foundation day with great zeal and fervour. The university was decorated with colorful flowers and arts works made by students. The students of various departments displayed their

Published 05 Sep, 2016 12:00am

'Railways requires Rs 11 billion for manning level-crossings'

In a bid to prevent accidents on railway tracks, the Ministry of Railways requires approximately Rs11 billion to ensure level-crossings manned across the country.

Published 05 Sep, 2016 12:00am

Government urged to introduce mandatory crop insurance scheme

Representative body of Southern Punjab's business community has urged the Government on Sunday to introduce a mandatory crop insurance scheme immediately to save the farming community from financial losses.

Published 05 Sep, 2016 12:00am

'OneLoad will be a cash alternative in Pakistan and beyond,' CEO-OneLoad

OneLoad is owned and operated by EP Systems - a company set up as a partnership between System's Limited and the banking and mobility professionals. Mr. Muhammad Yar Hiraj, who is the CEO of OneLoad, is a technology entrepreneur with considerable expe

Published 05 Sep, 2016 12:00am

'OneLoad will be a cash alternative in Pakistan and beyond,' CEO-OneLoad

Published 05 Sep, 2016 12:00am

A good decision!

Pakistan Business Council congratulates Finance Minister Ishaq Dar on his principled decision to restore the adjustment of sales tax paid in provinces to be adjusted against output tax payable to the federation. This will avoid price changes that business

Published 05 Sep, 2016 12:00am

OBOR & CPEC - II

It is, though, beyond any shadow of doubt that China and Pakistan relations are historical and China has a great soft corner for Pakistan. China has not made crusades of Pakistani religious zealots in Kashgar, Xinjiang (Sinkiang) Uyghur autonomous region

Published 05 Sep, 2016 12:00am

Cotton

Governor SBP's claim

The Governor State Bank of Pakistan (SBP) Ashraf Wathra in a session with the media titled topical issues in Pakistan's economy dated 1 September 2016 regurgitated data released by the Pakistan Bureau of Statistics (PBS) that is headed by a retired Financ

Published 05 Sep, 2016 12:00am

Currency

Response to MoF

The MoF has issued a strong rejoinder to my recent article in Business Recorder on 'Burgeoning external debt'. Accusations have been made of 'incorrect bases', 'use of misleading indicators' and 'fallacious views'.

Published 05 Sep, 2016 12:00am

COAS's 'options'

A report in the media says Prime Minister (PM) Nawaz Sharif is anxious to get a final decision on Chief of Army Staff (COAS) General Raheel Sharif's future after his scheduled retirement in November. The report says General Raheel Sharif has been offe

Published 05 Sep, 2016 12:00am

A charitable view

Giving an overall view of the economy on 1st September, 2016, Governor, State Bank, Ashraf Mehmood Wathra, tried to paint a rosy picture of the recent economic developments. He said that the country has achieved an 8-year high 4.7 percent real GDP growth

Published 05 Sep, 2016 12:00am

Quake shakes southern Philippines

A strong earthquake shook parts of the southern Philippines on Sunday, briefly panicking residents, the government volcanology office said. The 6.0-magnitude quake rocked the southern island of Mindanao but there were no initial reports of damage or casua

Published 05 Sep, 2016 12:00am

Libya forces facing 'fierce' IS resistance in Sirte

Libyan pro-government forces are facing "fierce resistance" from Islamic State group holdouts in Sirte and it could take several days to gain full control of the city, a spokesman said Sunday. Forces loyal to Libya's Government of National Accord (GNA) la

Published 05 Sep, 2016 12:00am

Currency

Anti-Maduro protesters freed after Venezuela demonstration

Venezuela has released all but one of dozens of protesters rounded up after an angry, pot-banging crowd reportedly surrounded President Nicolas Maduro amid mass protests over the country's crippling food shortages.

Published 05 Sep, 2016 12:00am

Thousands rally in Paris to protest crime targeting Chinese

At least 13,000 people attended a rally in Paris on Sunday to protest against what they say is a crime wave targeting the Chinese community in France, police said, after a Chinese textile designer died after being mugged last month. Demonstrators waving F

Published 05 Sep, 2016 12:00am

US will help bring Turkey coup plotters to justice: Obama

The United States is committed to bringing the perpetrators of the attempted coup against Turkish President Recep Tayyip Erdogan to justice, President Barack Obama said Sunday. Ankara accuses US-based cleric Fethullah Gulen of being behind the July uprisi

Published 05 Sep, 2016 12:00am

Argentina's richest man dies

Argentina's richest man according to Forbes, energy mogul Carlos Bulgheroni, died on Saturday in the United States, where he was hospitalised following a surgical procedure in June, his company said. The 71-year-old Bulgheroni, along with his brother Alej

Published 05 Sep, 2016 12:00am

AFP's Aris Messinis wins prestigious photojournalism honour

Agence France-Presse photographer Aris Messinis was honoured Saturday at photojournalism's biggest annual festival, for moving images of the massive arrival of migrants in Greece last year. Messinis, 39, won the Visa d'Or for News, the most prestigious aw

Published 05 Sep, 2016 12:00am

Fuel tanker, bus collision in Afghanistan kills 38

At least 38 people were killed and 28 were injured in Afghanistan after a fuel tanker collided with a passenger bus, causing a massive explosion, local officials said on Sunday. The incident took place on a major highway connecting the southern province o

Published 05 Sep, 2016 12:00am

Yemen cross-border shelling kills Saudi woman

Cross-border shelling from Yemen killed a Saudi woman on Sunday and wounded two other citizens, the kingdom's civil defence agency said. The shelling at 2:00am local time (1100 GMT) in the southern Jazan region killed a woman and wounded a man and his son

Published 05 Sep, 2016 12:00am

15 Yemen soldiers killed in rebel attacks

At least 15 pro-government Yemeni soldiers were killed in rebel attacks in the north and in a suspected jihadist bombing in Aden on Sunday, military and security sources said. Shiite Huthi rebels and their allies launched twin attacks to try to retake the

Published 05 Sep, 2016 12:00am

Turkey to invest $3.4 billion in rebuilding south-east: Prime Minister

Turkey will invest 10 billion lira ($3.4 billion) in rebuilding areas in the largely Kurdish south-east that have been damaged by heavy fighting between militants and the state, Prime Minister Binali Yildirim said on Sunday.

Published 05 Sep, 2016 12:00am

Syria army besieges Aleppo as US-Russia talks stumble

Syrian government troops renewed the siege of rebel-held parts of Aleppo on Sunday, as Washington and Moscow failed to reach a deal on stemming violence in the country's devastating war. Turkish forces and allied Syrian rebels meanwhile expelled the Islam

Published 05 Sep, 2016 12:00am

PRC organises free medical camp in Mohmand Agency

Pakistan Red Crescent (PRC) Mohmand Agency branch organized a free medical camp in the border areas of Khewezai Baizai at Bahi Daag in the Mohmand agency.

Published 05 Sep, 2016 12:00am

Bed wear exports post 5.64 percent increase in July

Bed wear exports from the country posted 5.64 percent increase during the first month of current financial year as compared to the exports of the corresponding month of last financial year.

Published 05 Sep, 2016 12:00am

JI KP to hold religious scholars' gathering in Peshawar today

Jamaat-e-Islami (JI) Khyber Pakhtunkhwa will hold a religious scholars gathering at Al Markaz-e-Islami in Peshawar today. Thousands of religious clerics across the province would participate in the gathering, 'Dastar-e-Fazelaat' told the JI provincial ame

Published 05 Sep, 2016 12:00am

CPEC to give boost to civil aviation industry

With the enhanced business and economic activities and establishment of new economic industrial zones in the country under China-Pakistan Economic Corridor (CPEC), the civil aviation industry would get a significant boost.

Published 05 Sep, 2016 12:00am

Accused involved in kidnapping held at BIA

An accused allegedly involved in kidnapping for ransom was arrested by FIA at Benazir International Airport on Sunday. According to details, the accused Rehan Butt was trying to leave the country through a private airline when he was taken into custody.

Published 05 Sep, 2016 12:00am

Huge explosives recovered: major terror bid foiled in Swabi

Police here on Sunday claimed to have foiled a major imminent terror bid after recovering huge explosives from a house during a raid in Swabi on Sunday.

Published 05 Sep, 2016 12:00am

Bride killed on wedding day

A wicked youth killed his cousin on the wedding day over marriage feud and escaped from the scene of the crime here on Sunday. Police said that the accused was interested in his cousin but her parents arranged her marriage somewhere else due to which he w

Published 05 Sep, 2016 12:00am

Government suspends search for missing US climbers

Government suspended a helicopter search Sunday for two American climbers who went missing six days ago while trying to summit a mountain in the country's far north. Kyle Dempster and Scott Adamson began their ascent of the 7,285-metre (23,900-foot) Ogre-

Published 05 Sep, 2016 12:00am

Quality health services: KP Health Department takes initiatives

The Health Department of the provincial government of Khyber Pakhtunkhwa has taken a number of reforms and initiatives to ensure every individual in the province has access to quality health services. In order to establish a welfare government, free healt

Published 05 Sep, 2016 12:00am

KP PA may pass law banning interest-based private money lending

Khyber Pakhtunkhwa Assembly is likely to pass a bill to prohibit the business and practice of private money-lending and advancing loans and transactions based on interest in the province.

Published 05 Sep, 2016 12:00am

Promotion, move-over approved

A meeting of the promotion board of Edwards College Peshawar was held in the University of Peshawar with Vice Chancellor UoP Professor Dr Muhammad Rasul Jan in the chair. The meeting was attended by Secretary Higher Education Department Muhammad Faheem Wa

Published 05 Sep, 2016 12:00am

Senegalese President due on September 6

Senegalese President Macky Sall would arrive here on a two-day official visit on Tuesday (September 6) to hold talks with Pakistani leadership on bilateral cooperation and regional situation. According to Foreign Office spokesperson Nafees Zakaria, the vi

Published 05 Sep, 2016 12:00am

Imran cancels visit to Saudi Arabia

Chairman Pakistan Tehreek-e-Insaf (PTI) Imran Khan has cancelled plans of performing Hajj this year due to the prevailing political situation of the country. According to details, PTI Chairman Imran Khan is scheduled to depart for Saudi Arabia on 8th Sept

Published 05 Sep, 2016 12:00am

Plants less thirsty as climate warms

A warming planet might not dry out Earth as much as previously believed, because plants will become less thirsty as carbon dioxide in the atmosphere rises, researchers said on Monday. Previous studies have projected that more than 70 percent of the planet

Published 05 Sep, 2016 12:00am

Millions at risk from rising water pollution: UN

Increasingly polluted rivers in Africa, Asia and Latin America pose a disease risk to more than 300 million people and threaten fisheries and farming in many countries, a UN report warned on Tuesday. Already, some 3.4 million people die every year from wa

Published 05 Sep, 2016 12:00am

Researchers find first US bacteria with worrisome superbug genes

New Jersey researchers said on Monday they had identified perhaps the first strain of E. Coli bacteria in the United States with mobile genes that make it resistant to two types of antibiotics now considered last-line defences against superbugs.

Published 05 Sep, 2016 12:00am

US bans antibacterial soap chemicals over health risks

The US Food and Drug Administration on Friday banned several key chemicals in antibacterial hand soap, warning of health risks and saying they were not more effective than ordinary soap.

Published 05 Sep, 2016 12:00am

Cotton

New plastic clothing material could keep people cool

American researchers have created a low-cost textile made of a plastic base that could cool the body when woven into clothing. The engineers suggested in the US journal Science that the textile could become a way to keep people living in hot climates cool

Published 05 Sep, 2016 12:00am

Scientists say Singapore Zika is Asian

Singapore on Saturday reported 215 cases of Zika infections as scientists in the city-state said the virus strain comes from within Asia and was not imported from Brazil.

Published 05 Sep, 2016 12:00am

Southeast Asia needs to up its game to combat Zika: experts

The spread of the Zika virus across tropical Southeast Asia is likely to be significantly under-reported as local health authorities fail to conduct adequate screening, regional experts said on Monday.

Published 05 Sep, 2016 12:00am

Facebook makes trending news feature more automated

Facebook said Friday it is further automating its "trending" stories feature, a move that will scale back human input to prevent personal bias from influencing which stories get highlighted.

Published 05 Sep, 2016 12:00am

Driverless taxi firm eyes operations in 10 cities by 2020

A US software firm which chose Singapore for the world's first public trial of driverless taxis hopes to be operating in 10 Asian and US cities by 2020, an executive said Monday. Doug Parker, nuTonomy's chief operating officer, said the firm is eyeing tes

Published 05 Sep, 2016 12:00am

Apple to show off new offerings on September 7

Apple on Monday sent out invitations to a "special event" on September 7 in San Francisco, where it is expected to unveil a new iPhone model. In the company's usual enigmatic style, it provided little more that the date, time and place to the invitation-o

Published 05 Sep, 2016 12:00am

Apple issues update after security flaws laid bare: media

Apple has issued a security update to fix vulnerabilities found after fierce spyware created by an Israeli firm was used to target an Emirati dissident, US media reported.

Published 05 Sep, 2016 12:00am

GSMA unveils speaker line-up for mobility live! North America

The GSMA and the Metro Atlanta Chamber on August 30 announced that more than 30 speakers are confirmed for the GSMA Mobility Live! North America conference being held in Atlanta, 1-2 November 2016.

Published 05 Sep, 2016 12:00am

Nokia malware report shows surge in mobile device infections in 2016

Nokia on Thursday issued the Nokia Threat Intelligence Report - H1 2016, revealing a sharp rise in the occurrence of smartphone malware infections in the first half of the year. Issued twice per year, the report examines general trends and statistics for

Published 05 Sep, 2016 12:00am

At Berlin tech fair, waterproof gadgets make a splash

From smartphones that can survive a dip in the sink to sweat-resistant earphones and floating speakers for your next pool party, waterproof gadgets are making a splash at this year's IFA electronics fair in Berlin.

Published 05 Sep, 2016 12:00am

Nokia to introduce AirScale powered 4.5G, 4.9 Pro

Nokia on Thursday announced to introduce 4.5G Pro, an advanced mobile technology that will deliver the significant capacity and speed enhancements needed by operators as they build towards next-generation networks, including meeting the demands of ultra-c

Published 05 Sep, 2016 12:00am

Microsoft machine brains going into a refrigerator

Microsoft is putting its machine brains into a Liebherr refrigerator. The US technology giant and Liebherr are collaborating on a new "SmartDeviceBox" that take the kitchen appliance beyond cooling comestibles to reminding people what they need at the mar

Published 05 Sep, 2016 12:00am

Reliance unveils telecoms venture with free calls, cut-price data

India's Reliance Industries unveiled its Jio telecom network on Thursday, touting free calls and rock-bottom data prices that sent shares of established telecom players into a nosedive on fears of an all-out price war.

Published 05 Sep, 2016 12:00am

Al Jaber Group plans to raise up to $640 million by end-2017

Abu Dhabi's Al Jaber Group plans to raise up to 2.35 billion dirhams ($640 million) by the end of 2017 by selling its stake in a construction company and using a prime hotel in the emirate as collateral for a loan, informed sources said.

Published 05 Sep, 2016 12:00am

Apple on firm financial footing as EU tax bill hits

A multi-billion-dollar tax bill imposed by the European Union could bruise Apple's image more than its finances, which remain solid even as the trend-setting company looks for the next big thing.

Published 05 Sep, 2016 12:00am

Currency

Flydubai posts narrower first half 2016 loss

Flydubai, the low-cost airline which operated the passenger jet that crashed in Southern Russia in March, reported a narrower loss in the first half of 2016, according to a statement posted on the Nasdaq Dubai bourse.

Published 05 Sep, 2016 12:00am

Currency

Flydubai posts narrower first half 2016 loss

Published 05 Sep, 2016 12:00am

Petrobras to gain $11 billion on sale of Brazil oil rights to Statoil: CEO

The sale of a stake in Carcara, the giant Brazilian offshore oil prospect, to Norway's Statoil ASA will gain Brazil's state-led oil company Petrobras as much as $11 billion to pay debt or invest in other projects that promise to generate cash more quickly

Published 05 Sep, 2016 12:00am

Mashreq Bank appoints Pella to head investment unit

Mashreq has appointed Christophe Pella as head of its asset management unit and chief executive of its Mashreq Capital arm, the Dubai-based bank said in a statement on Monday. Pella most recently served as a global rates portfolio manager in London at Leg

Published 05 Sep, 2016 12:00am

Scotiabank's quarterly earnings beat market forecasts

Bank of Nova Scotia reported third-quarter earnings on Tuesday that beat analysts' expectations, driven by growth in its domestic and international banking businesses. Canada's third-biggest lender earned C$1.55 per share in the quarter, up from C$1.46 a

Published 05 Sep, 2016 12:00am

Scotiabank's quarterly earnings beat market forecasts

Published 05 Sep, 2016 12:00am

Oil market rebalancing could take until end 2017: Shell

The huge global oil oversupply that has weighed on prices for the past two years may not clear until the second half of 2017, Shell's chief energy adviser Wim Thomas told Reuters. The potential return to the market of some 1.5 million barrels per day of s

Published 05 Sep, 2016 12:00am

Sevastova, Vinci reach quarter-finals

Anastasija Sevastova, who quit tennis suffering from depression and injury in 2013, on Sunday became the first Latvian woman in 22 years to reach a Grand Slam quarter-final. The 26-year-old world number 48 defeated Britain's 13th seed Johanna Konta, 6-4,

Published 05 Sep, 2016 12:00am

Serena speeds through as Wawrinka, Murray battle into last 16

Serena Williams sped past another milestone Saturday en route to the US Open fourth round as men's contenders Andy Murray and Stan Wawrinka clawed their way into the last 16.

Published 05 Sep, 2016 12:00am

Maverick talent wins maiden MotoGP in style

Spaniard Maverick Vinales rode a masterful race to secure his first ever MotoGP victory, easing to take the chequered flag in the British Grand Prix at Silverstone on Sunday. The 21-year-old - the 2013 Moto3 world champion - gave Suzuki its first win in t

Published 05 Sep, 2016 12:00am

FINA in turmoil over Olympic doping decisions

Three top anti-doping officials have quit the watchdog of world swimming body FINA saying their recommendations on whether Russian swimmers should compete at the Rio Olympics were ignored.

Published 05 Sep, 2016 12:00am

Rosberg wins in Italy to cut Hamilton's lead

Germany's Nico Rosberg won the Italian Grand Prix for dominant Mercedes on Sunday to cut team mate Lewis Hamilton's Formula One world championship lead to two points with seven races remaining.

Published 05 Sep, 2016 12:00am

Australia beat Sri Lanka, win ODI series 4-1

Skipper David Warner's fluent century and a disciplined bowling effort powered Australia to a five-wicket win over Sri Lanka in the fifth one-day international in Pallekele as the visitors took the series 4-1 on Sunday.

Published 05 Sep, 2016 12:00am

Lallana late show gives Big Sam winning start

Adam Lallana scored with the last kick of the match as England edged 10-man Slovakia 1-0 in Sam Allardyce's first game as manager in World Cup qualifying on Sunday. Despite Slovakia having Martin Skrtel sent off in the 57th minute, Allardyce looked destin

Published 05 Sep, 2016 12:00am

Sarfraz stars as Pakistan avoid England whitewash

Sarfraz Ahmed made a classy 90 as Pakistan achieved a consolation four-wicket win in the fifth and final one-day international in Cardiff on Sunday.

Published 05 Sep, 2016 12:00am

EU scrutinising around six other 1990 Irish tax opinions

The European Commission is scrutinising around six tax opinions multinationals received in Ireland in the early 1990s, the same period in which it said one granted to Apple amounted to illegal state aid, Ireland's Sunday Business Post said.

Published 05 Sep, 2016 12:00am

Seaweed farming, a sudden slimy success, needs greener rules: UN

Seaweed farming needs tighter regulation to limit damage to the environment after booming into a $6.4 billion business with uses in everything from sushi to toothpaste, a United Nations study showed on Sunday.

Published 05 Sep, 2016 12:00am

Rising oil import costs may become Asia's growing pain

A widening gap between Asia's oil production and demand is creating a growing capital drain for the region and leaving countries vulnerable to global supply disruptions and a sudden surge in oil prices.

Published 05 Sep, 2016 12:00am

Three Iranian banks to open branches in Munich

Three Iranian banks have told Bavaria's economy minister that they plan to open branches in Munich to help stimulate more business ties with German firms, the Muenchner Merkur newspaper reported on Sunday.

Published 05 Sep, 2016 12:00am

Chinese consumers take credit for boom in car loans

Chinese households, traditional savers with an aversion to debt, are rapidly warming to the idea of borrowing to buy a car, as automakers push financing deals to boost sales and margins in an increasingly competitive market.

Published 05 Sep, 2016 12:00am

Asian consortium in talks to buy stake in data centre operator Global Switch

Data centre operator Global Switch, owned by Britain's billionaire Reuben brothers, said on Sunday its parent company was in talks with a consortium of Asian investors about a potential sale of a stake in the business.

Published 05 Sep, 2016 12:00am

UK plans three billion pound house building fund

The British government is set to announce a 3 billion pound ($4 billion) house building fund to provide developers with cheap loans to boost the sector following the vote to leave the European Union, the Sunday Telegraph newspaper reported.

Published 05 Sep, 2016 12:00am

UK plans three billion pound house building fund

Published 05 Sep, 2016 12:00am

LG Electronics says to invest in robot technology

South Korea's LG Electronics Inc said on Sunday it will aggressively invest in robots, seeking to capitalise on advancing artificial intelligence that may eventually lead to sophisticated machines performing everyday human tasks.

Published 05 Sep, 2016 12:00am

Dubai plans $20 billion district, but gives few details

Dubai Holding, the investment vehicle of the emirate's ruler, has announced a $20 billion project to develop a new district in the city, signalling the emirate plans to keep growing rapidly despite the impact of low oil prices on the region.

Published 05 Sep, 2016 12:00am

Japan warns Brexit may drive banks, pharma investment to EU

Japan has warned Britain that its exit from the European Union could prompt Japanese financial institutions to relocate from London and listed a raft of concerns from Japanese companies about the transition away of the EU.

Published 05 Sep, 2016 12:00am

Saudi state fund plans stake in big industrial zone

Saudi Arabia's top sovereign wealth fund is negotiating to buy a stake in one of the kingdom's most ambitious real estate projects as Riyadh restructures the economy to cope with low oil prices, a source familiar with the plan said.

Published 05 Sep, 2016 12:00am

Vietnamese banks plot offshore bond comeback

Vietnam's top commercial banks are considering their first US dollar offerings since 2012 at a time when the country's sovereign bonds have soared to record levels. In recent weeks, debt bankers have been spending more time in Vietnam, while at least four

Published 05 Sep, 2016 12:00am

Currency

Asia FX sentiment weakens on Fed rate hike view

Sentiment toward emerging Asian currencies weakened in the last two weeks after hawkish comments from Federal Reserve officials rekindled bets for US interest rates to rise this year and gave a lift to the dollar.

Published 05 Sep, 2016 12:00am

Currency

Insurance companies, pension funds dominate currency trading

Non-bank financial institutions like insurance companies, mutual funds and pension funds account for more than 50 percent of daily turnover in the currency market, a survey of the foreign exchange market showed on Thursday.

Published 05 Sep, 2016 12:00am

China funds cut equity allocations, raise bonds and cash

China fund managers continued to cut suggested equity holdings for the next three months, as they seek to reduce exposure at a time when the market sees limited upside opportunity in a rangebound market, according to Reuters' latest monthly poll. Eight fu

Published 05 Sep, 2016 12:00am

China funds cut equity allocations, raise bonds and cash

Published 05 Sep, 2016 12:00am

Saudi index leads Gulf stocks up as foreign investor limits eased

Saudi Arabia led Gulf stocks higher on Sunday as Riyadh eased restrictions on foreign investment in its securities markets, while most other bourses in the region were buoyed by strength in oil prices and global equities at the end of last week.

Published 05 Sep, 2016 12:00am

Currency

Dollar to hold steady in the year ahead, risks to the downside

The dollar is forecast to strengthen slightly over the coming 12 months, but analysts polled by Reuters say the risks are skewed more to the downside on growing expectations the US Federal Reserve may not hike interest rates at all this year.

Published 05 Sep, 2016 12:00am

Latam FX expected to stabilise, but Mexico peso remains fragile

Currency

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Oct 11	277.73
USD PKR Interbank Buying / Oct 11	277.53
USD to Japanese Yen / Oct 11	148.67
USD to Swiss Franc / Oct 11	0.86
Pound Sterling to USD / Oct 11	1.30
Euro to USD / Oct 11	1.09

Stock	Volume
S&P 500 / Oct 10	5,780.05
Nasdaq / Oct 10	18,282.05
Dow Jones / Oct 10	42,454.12
India Sensex / Oct 11	81,423.22
Tokyo Nikkei / Oct 11	39,628.27
Hang Seng / Oct 11	21,251.98
FTSE 100 / Oct 11	8,230.11
Germany DAX 30 / Oct 11	19,187.20

Item	Value
Karachi Cotton PKR/37.32 KG / Oct 10	18,485
Gold 10 Grams PKR / Oct 10	233,028.70
Petrol/Litre / Oct 11	247.03
Crude Oil USD/Barrel / Oct 11	75.67
Gold Spot USD/Ounce / Oct 11	2,644.73
Diesel/Litre / Oct 11	246.29

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Oct 11 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Oct 11 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Oct 11 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Oct 11 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Oct 11 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Oct 11 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Oct 11 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Oct 11 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Oct 11 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Oct 11 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Oct 11 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Oct 11 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Oct 11 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Oct 11 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Oct 11 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Oct 11 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Oct 11 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Oct 11 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Oct 11 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Oct 11 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Oct 11 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Oct 11 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Oct 11 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Oct 11 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Oct 11 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Oct 11 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Oct 11 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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