News Archives for Print - 2016-11-07

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Print - 2016-11-07

The Weather

The weather report on Sunday (November 06, 2016) and the forecast for Monday (November 07, 2016).

Published 07 Nov, 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 07 Nov, 2016 12:00am

Currency

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (October 31 to November 04, 2016).

Published 07 Nov, 2016 12:00am

Aaj TV - Monday's schedule

All timings are in PST (Pakistan Standard Time).

Published 07 Nov, 2016 12:00am

Jammu massacre reminds brutal face of fascism: Yasin Malik

Chairman of Jammu and Kashmir Liberation Front (JKLF) Muhammad Yasin Malik has said November 6, 1947 was the blackest day in human history when lakhs of Muslims were massacred in Jammu.

Published 07 Nov, 2016 12:00am

Government urged to extend PoR cards to Afghan DPs till December 2021

Five parliamentary parties have reportedly proposed to the federal government to extend Proof of Registration (PoR) cards to Afghan refugees till December 31, 2021 on the pattern of Iran, well informed sources told Business Recorder.

Published 07 Nov, 2016 12:00am

Commander of banned outfit arrested

Intelligence agencies and anti terror forces arrested a commander of a banned organization during a raid, here on Sunday. According to details, intelligence agencies and anti-terror force carried out a joint operation near Airport Road and arrested a terr

Published 07 Nov, 2016 12:00am

Taxable turnover limit: HCCI demands increase

Hyderabad Chamber of Commerce and Industry (HCCI) has expressed concern over the tax on an individual and Association of Persons (AOP) collected by the Federal Board of Revenue (FBR). HCCI's Senior Vice President Turab Ali Khwaja urged the FBR to lower th

Published 07 Nov, 2016 12:00am

Social media pictures concocted: Rangers

Sindh Rangers has termed the pictures released by abrasive elements on social media concocted and far from truth. The Pakistan Rangers spokesman in a statement issued on Sunday said that the purpose of releasing such pictures on social media was to make h

Published 07 Nov, 2016 12:00am

PSO launches new range of premium quality fuel products

In continuation of its efforts to serve its customers better, Pakistan's leading oil marketing company Pakistan State Oil (PSO) has launched a new range of superior quality fuel products namely Altron Premium and Altron X High Performance nationwide.

Published 07 Nov, 2016 12:00am

ASWJ leader among 40 held in crackdown in Karachi

Around 40 suspects were rounded up in raids by law enforcement agencies that seemed to have intensified ongoing crackdown on criminals in the wake of series of suspected sectarian attacks that left several people dead in this metropolis. Ahl-e-Sunnat wal

Published 07 Nov, 2016 12:00am

CPEC is a 'divine' intervention: President-Engro Corporation

Khalid S. Subhani is the President of Engro Corporation Limited since 2015. He is a Director on the Boards of Engro Corporation Limited, Engro Fertilizers Limited, Engro Eximp (Private) Limited, Engro Polymer & Chemicals Limited, The Hub Power Company Lim

Published 07 Nov, 2016 12:00am

CPEC is a 'divine' intervention: President-Engro Corporation

Published 07 Nov, 2016 12:00am

Nicaragua's leader and wife likely to win elections

Nicaragua's President Daniel Ortega and his extravagant wife, Rosario Murillo, looked likely to win elections Sunday that would hand him a third straight term and cement her role as co-ruler. Voters filed through polling stations across the Central Americ

Published 07 Nov, 2016 12:00am

Boko Haram razes village near Chibok; two soldiers killed

Boko Haram jihadists killed two soldiers and razed a village adjoining the northeast Nigerian town of Chibok where the group kidnapped more than 200 schoolgirls two years ago, residents said Sunday.

Published 07 Nov, 2016 12:00am

Gunmen kidnap two Indonesian fishermen off Malaysia

Gunmen have abducted two Indonesian fishermen off Malaysia's eastern Sabah state, a security official said Wednesday, an area where militants from the Abu Sayyaf group have been blamed for a series of kidnappings.

Published 07 Nov, 2016 12:00am

Guard killed in Bangladesh airport stabbing spree

A man stabbed a security guard to death Sunday in Bangladesh's main airport after police and paramilitary officers stopped him from going through to departures, officers said.

Published 07 Nov, 2016 12:00am

South Korea scandal widens as presidential aides arrested

South Korean prosecutors arrested two former top presidential aides Sunday in a snowballing influence-peddling scandal which has seen tens of thousands of people take to the streets to demand President Park Geun-Hye resign.

Published 07 Nov, 2016 12:00am

NDTV India silenced by Modi govt

According to a Business Recorder news item, editors in India have accused Modi's government of imposing censorship reminiscent of the country's 1970s emergency after it ordered NDTV India off the air over its reporting of the Pathankot attack.

Published 07 Nov, 2016 12:00am

Clinton means continuity for US economy, Trump the unknown

On taxes, public spending and protectionism the two candidates for the White House are diametrically opposed: Hillary Clinton represents continuity while Donald Trump seduces or frightens with his radical proposals.

Published 07 Nov, 2016 12:00am

Currency

Offshore assets - II

In the article published, on this subject, in the paper last week, I had briefly identified the related dimensions of offshore assets of Pakistani citizens. As stated in that article, each particular aspect is required to be examined in depth to have a cl

Published 07 Nov, 2016 12:00am

India versus Pakistan: A fight to end poverty

Amidst much post-Uri attack sabre-rattling by India a challenge to a war of who ends poverty first by the Indian Prime Minister Narendra Modi to his Pakistani counterpart would find a welcome chord with the common man of the two countries.

Published 07 Nov, 2016 12:00am

Yet another train tragedy

What happened at Landhi railway station, the third important and second busiest stations of Karachi, on Thursday morning is a tragic example of the casual attitude with which those in charge respond to the suffering of ordinary people. At least 20 people

Published 07 Nov, 2016 12:00am

SME financing

It is good to see that financing of Small and Medium Enterprises (SMEs) is growing at a fairly rapid pace. According to the latest SBP's Quarterly SME Finance Review released on 28th October, 2016, financing of SMEs by banks and DFIs rose by 5 percent fro

Published 07 Nov, 2016 12:00am

Muqam accuses PTI chief of seeking to create anarchy

Adviser to Prime Minister Amir Muqam has said that people of Khyber Pakhtunkhwa and the entire country rejected the call of 'sit-in' by Pakistan Tehreek-e-Insaf Chairman Imran Khan. Addressing a news conference in Peshawar on Sunday, he said the agenda of

Published 07 Nov, 2016 12:00am

Moot on neuro-surgery: importance of modern methods highlighted

In order to reduce the trauma and sufferings of neurosurgery patients, young doctors must be imparted training of modern methods and techniques of neurosurgery every year on a regular basis. The advancement of neurosurgery is impossible with promoting med

Published 07 Nov, 2016 12:00am

Saaf Pani project: Shahbaz reviews progress

Punjab Chief Minister Muhammad Shahbaz Sharif presided over a meeting here Sunday which reviewed progress of different matters of the programme of provision of clean drinking water to the masses. Addressing the meeting, Punjab CM said that potable water i

Published 07 Nov, 2016 12:00am

CM Punjab, NA Speaker take stock of situation

Speaker National Assembly, Ayaz Sadiq met Punjab Chief Minister Muhammad Shahbaz Sharif, here Sunday. Matters of mutual interest, country situation and other affairs came under discussion during the meeting.

Published 07 Nov, 2016 12:00am

Pakistan among worst countries for young people

Pakistan is one of the worst countries for young people aged 15 to 29 to live in, according to the findings of a new youth development index compiled by the Commonwealth Secretariat here.

Published 07 Nov, 2016 12:00am

Malakand-III HPS produces 466 GwH during 2015-16: PEDO

Malakand III Hydropower Station, the largest power producer from province-owned resources, has made a record electricity production during the current year owing to the best strategy of Khyber Pakhtunkhwa government which not only helped minimize load-she

Published 07 Nov, 2016 12:00am

JI urges Islamabad to ease concerns on CPEC

Chief of Jamaat-e-Islami Pakistan, Senator Sirajul Haq, has called upon the federal government to remove the Khyber Pakhtunkhwa's reservations regarding the CPEC and appraise the nation of the details of the epoch-making project instead of making it contr

Published 07 Nov, 2016 12:00am

12 criminals held

Punjab Highway Patrol recovered a hand grenade beneath a pull: Rescue 1255 helps to commuters and arrested 12 criminals including 6 proclaimed offenders. In detail, PHP teams recovered a Hand Grenade near Sawan Pull (Tala Gung) after receiving information

Published 07 Nov, 2016 12:00am

Free education: Private schools to enrol 50,000 street children

All Pakistan Private Schools Management Association, Khyber Pakhtunkhwa has announced the provision of free education to 50,000 poor, destitute street children of the province. This was announced during a meeting of the delegation of the association with

Published 07 Nov, 2016 12:00am

'Women Chamber of Commerce' to begin soon in Sialkot: Dr Maryam

Necessary arrangements are being finalized to form Women Chamber of Commerce and Industry in Sialkot. This was disclosed by chairperson of Departmental Committee on Women Entrepreneurs of Sialkot Chamber of Commerce and Industry (SCCI) Dr Maryam Noman.

Published 07 Nov, 2016 12:00am

HUAWEI Mate 9 introduced with a bang

At an exclusive global launch event on Friday, Huawei Consumer Business Group unveiled the much anticipated HUAWEI Mate 9. Building on Huawei's success in delivering beautifully-designed, powerful mobile devices, the newest member of the Mate Series deliv

Published 07 Nov, 2016 12:00am

Hackers pounce on Windows crack exposed by Google

Microsoft on Tuesday warned that a Windows vulnerability exposed by rival Google was being exploited by a hacking group suspected of cyber attacks on US political institutions.

Published 07 Nov, 2016 12:00am

Microsoft unveils Teams tool for work collaboration

Microsoft on Wednesday unveiled its "Teams" tool for workplace collaboration, taking on rising star Slack in a hot market.

Published 07 Nov, 2016 12:00am

Android gets record 87.5 percent of smartphone market: survey

Google's Android operating system captured a record-high 87.5 percent of the global smartphone market in the third quarter, a research firm said. The survey released Wednesday by Strategy Analytics found Android's share increase from 84.1 percent in the s

Published 07 Nov, 2016 12:00am

Hytera expands DMR portfolio by introducing Entry-Level Radios

Hytera, a world leading solution provider of Professional Mobile Radio (PMR) communications, has officially released a brand new Digital Mobile Radio (DMR) series, the BD series, a cost-effective entry-level series of handheld radios, together with an arr

Published 07 Nov, 2016 12:00am

Etihad Airways launches new Android app for smartphones

Etihad Airways, the national airline of the UAE, has extended its digital reach with the introduction of anew mobile application for Android smartphones, enabling guests to manage their journeys with even greater ease.

Published 07 Nov, 2016 12:00am

Mobile money significantly reducing cost of sending int'l remittances: GSMA report

The GSMA on November 2 issued a report entitled, 'Driving a Price Revolution: Mobile Money in International Remittances' that looks at the impact of mobile money on reducing the cost of international remittances.

Published 07 Nov, 2016 12:00am

Cancer to kill 5.5 million women a year by 2030: report

Cancer will kill 5.5 million women - about the population of Denmark - per year by 2030, a near 60-percent increase in less than two decades, a report said on Tuesday. As the global population grows and ages, the highest toll will be among women in poor a

Published 07 Nov, 2016 12:00am

Stronger muscles may mean sharper minds for kids

Making sure kids have good muscle fitness might also benefit their school performance, according to a recent US study. Aerobic fitness has already been linked to better thinking abilities in pre-teen children, but the current study found an independent li

Published 07 Nov, 2016 12:00am

300 million children breathe heavily toxic air: UNICEF

Some 300 million children live with outdoor air so polluted it can cause serious physical damage, including harming their developing brains, the United Nations said in a study released on Monday.

Published 07 Nov, 2016 12:00am

Zika infections double in Vietnam

The number of confirmed Zika cases in Vietnam has more than doubled over the past three days to 23, with a dozen of the new infections recorded in the commercial hub of Ho Chi Minh City, the health ministry said on Wednesday.

Published 07 Nov, 2016 12:00am

Biking for work or play may stave off heart disease

Adults who bike regularly, whether for fun or for transportation, may have a lower risk of cardiovascular disease than people who don't spend much time cycling, two recent studies suggest.

Published 07 Nov, 2016 12:00am

Nepal drains risky glacial lake near Everest

Nepal has successfully drained part of a giant glacial lake near Mount Everest, averting risk of a disastrous flood that could have threatened thousands of lives, officials said on Monday. Scientists say climate change is causing Himalayan glaciers to mel

Published 07 Nov, 2016 12:00am

Arctic sea ice retreat pinned to individuals' emissions

Drive your car 4,000 km (2,500 miles) and its greenhouse gas emissions will melt three square metres (32 square feet) of ice on the Arctic Ocean, according to a study on Thursday that found a direct link between carbon dioxide and the shrinking ice.

Published 07 Nov, 2016 12:00am

Zebrafish offers hope for spinal cord repair: US study

The Zebrafish, which can completely regenerate its severed spinal cord, might hold promise for research into tissue repair in humans, researchers said on Thursday. Scientists are looking at one protein in particular that is key to this accomplishment in t

Published 07 Nov, 2016 12:00am

Japan Airlines warns on profits as foreign travel dips

Japan Airlines on Monday slashed its full-year earnings outlook, and warned its fiscal first-half net profit nosedived owing to a slump in its international business. While falling oil prices have helped carriers' profits - fuel is often an airline's sing

Published 07 Nov, 2016 12:00am

Currency

Fuji Heavy cuts full-year profit forecast

Fuji Heavy Industries Ltd, the maker of Subaru vehicles, on Wednesday cut its forecast for full-year operating profit as it expects a stronger domestic currency to outweigh a further rise in vehicle sales.

Published 07 Nov, 2016 12:00am

Currency

Fuji Heavy cuts full-year profit forecast

Published 07 Nov, 2016 12:00am

ANZ profit falls 18 percent, may sell insurance division

Australia and New Zealand Banking Group (ANZ) missed expectations with a 18 percent fall in annual cash profit and said it would look to sell its Australian life insurance, advice and investments business following a strategic review.

Published 07 Nov, 2016 12:00am

ANZ profit falls 18 percent, may sell insurance division

Published 07 Nov, 2016 12:00am

Maersk container business sinks to quarterly loss

A P Moller-Maersk, the world's biggest shipping firm, said the container business on which it is staking its future made a loss in the last three months as freight rates declined further.

Published 07 Nov, 2016 12:00am

Nippon Steel 1H profit plunges on weak demand

Japan's Nippon Steel & Sumitomo Metal said on Tuesday its six-month profit fell nearly 91 percent from a year earlier due to slumping demand at home and in China. The company said domestic steel demand was hit by a slow recovery in sales to the constructi

Published 07 Nov, 2016 12:00am

Nippon Steel 1H profit plunges on weak demand

Published 07 Nov, 2016 12:00am

Toyota to pilot Smart Key Box technology with ride-hailing start-up

Toyota Motor Corp will pilot its new Smart Key Box technology in fleets used by US car-sharing service Getaround next year, stepping up its push to benefit from new mobility services seen by some as a threat to traditional car ownership.

Published 07 Nov, 2016 12:00am

Embraer posts loss on staff buyouts, writedowns

Embraer SA, the world's third-largest commercial jet producer, on Monday posted a $34 million net loss due to the cost of staff cuts, used aircraft writedowns and a corruption settlement with US and Brazilian authorities. Excluding those one-time expenses

Published 07 Nov, 2016 12:00am

Facebook reports better-than-expected rise in revenue

Facebook Inc reported a 55.8 percent rise in quarterly revenue, beating analysts' estimates, as its mobile-advertising sales soared. Mobile ad revenue accounted for 84 percent of Facebook's total advertising revenue of $6.82 billion in the third quarter e

Published 07 Nov, 2016 12:00am

Saudi Aramco CEO predicts oil market balance by early 2017

The global oil market should be balanced early next year, the president of Saudi Aramco said on Tuesday, after over-supply drove prices to multi-year lows in 2016.

Published 07 Nov, 2016 12:00am

Telenor shifts Myanmar focus to data services as 'hyper growth' era ends

Norwegian telecoms company Telenor will focus on improving data services in Myanmar, the head of the local business said on Wednesday, as an era of rapid subscriber growth following the opening up of the economy has ended.

Published 07 Nov, 2016 12:00am

Choice International T20 Cricket Cup begins

Choice International Twenty20 Cricket Cup got under way amidst great fun with Winner XI Club defeated Badshah Club by six wickets in the opening match played here at Arbab Niaz Cricket Stadium Sunday.

Published 07 Nov, 2016 12:00am

Barry's beat Carlton Tower in Fresher Juice Polo

Barry's outpaced Carlton Tower by 7-4 in the Fresher Juice Polo Cup 2016 in the jam-packed Lahore Polo Club ground on Sunday. It was high-flying Hamza Mawaz Khan who struck splendid six goals in his team's triumph while Nafees Barry was another player of

Published 07 Nov, 2016 12:00am

Kvitova takes Elite Trophy title

Two-time Wimbledon champion Petra Kvitova of the Czech Republic defeated Ukrainian Elina Svitolina in straight sets to take the title at the $2.2-million WTA Elite Trophy in Zhuhai on Sunday. Number three seed Kvitova dispatched the fourth seed 6-4, 6-2 i

Published 07 Nov, 2016 12:00am

De Silva puts Sri Lanka in charge

An unbeaten century from Dhananjaya de Silva put Sri Lanka in control of the second and final Test against Zimbabwe after a fluctuating first day at Harare Sports Club on Sunday. De Silva came to the wicket with Sri Lanka struggling on 112 for four after

Published 07 Nov, 2016 12:00am

Bangladesh cricketer acquitted in maid torture case

A Bangladesh court Sunday acquitted cricketer Shahadat Hossain and his wife on charges of torturing an 11-year-old girl whom he employed as a maid, a prosecutor said. Police last year charged the 30-year-old fast bowler and his wife Nritto Shahadat with a

Published 07 Nov, 2016 12:00am

Pacquiao reclaims WBO title for third time

Filipino southpaw Manny Pacquiao reclaimed the World Boxing Organisation welterweight title for the third time with a unanimous decision victory over former champion Jesse Vargas in his comeback fight on Saturday.

Published 07 Nov, 2016 12:00am

Rampant Liverpool take top spot, Arsenal held by Spurs

Liverpool swept to the top of the Premier League as Sadio Mane's double inspired a 6-1 rout of Watford, while Tottenham rescued a 1-1 draw at north London rivals Arsenal on Sunday. Jurgen Klopp's side have emerged as genuine title contenders and they move

Published 07 Nov, 2016 12:00am

Olesen holds nerve to bag Turkish million

Denmark's Thorbjorn Olesen held on after his seven-shot lead was reduced to one to capture the Turkish Airlines Open's one million euro winner's cheque at Belek on Sunday. Olesen, 26 eventually won by three strokes with a fourth round of 69 for a 20-under

Published 07 Nov, 2016 12:00am

Australia lose four wickets chasing record 539 target

Emerging South African paceman Kagiso Rabada claimed three crucial wickets as South Africa closed in on victory against Australia on the fourth day of the opening Test in Perth on Sunday. Set an intimidating victory target of 539, the home side were wobbl

Published 07 Nov, 2016 12:00am

Buyers clubs for cheaper drugs help fight hepatitis and HIV

Frustrated by the high price of antiviral drugs, thousands of patients from London to Moscow to Sydney are turning to a new wave of online "buyers clubs" to get cheap generic medicines to cure hepatitis C and protect against HIV infection.

Published 07 Nov, 2016 12:00am

Fraud alerts causes Tesco Bank to block some bank cards

Britain's Tesco Bank said on Sunday that it had blocked some customers' bank cards after a fraud prevention system identified suspicious activity on a number of accounts.

Published 07 Nov, 2016 12:00am

BT investor says firm should consider Openreach split

Britain's biggest broadband provider BT should consider selling off its Openreach network division, shareholder Aviva Investors has suggested, according to a Sunday Telegraph report. Broadband providers including Sky, TalkTalk and Vodafone want regulator

Published 07 Nov, 2016 12:00am

Samsung to launch AI assistant service for Galaxy S8

Samsung Electronics Co Ltd said on Sunday it would launch an artificial intelligence digital assistant service for its upcoming Galaxy S8 smartphone, seeking to rebound from the Galaxy Note 7's collapse and differentiate its devices. The world's top smart

Published 07 Nov, 2016 12:00am

Deutsche Telekom to launch drone defence system

Germany's Deutsche Telekom plans to launch a drone defence system this year designed to guard airports, stadiums, car test tracks and critical infrastructure, German weekly Welt am Sonntag reported on Sunday.

Published 07 Nov, 2016 12:00am

Vimpelcom set for radical overhaul from telco to internet player: CEO

Vimpelcom is undertaking the telecom industry's most radical overhaul to date, weaning itself from declining revenues from voice and data to focus instead on mobile Internet services such as banking, taxis and messaging, its executives said.

Published 07 Nov, 2016 12:00am

US regulator found another cheat device in Audi car

A US regulator found software in some Audi vehicles that lowered their carbon dioxide emissions if it detected they were being used under test conditions, Bild am Sonntag reported.

Published 07 Nov, 2016 12:00am

EFG chief executive says BSI will benefit from takeover

The chief executive of EFG International said BSI will benefit from the Swiss private bank's know-how after it completed the takeover of the troubled bank, which has been punished for its links to the scandal-hit Malaysian state fund 1MDB.

Published 07 Nov, 2016 12:00am

Swiss offer tough Brexit lessons for Britain's banks

As Britain's banks make their case for retaining unrestricted access to the single European market after Brexit, the efforts of their Swiss counterparts offer little cause for optimism.

Published 07 Nov, 2016 12:00am

German prosecutors extend 'dieselgate' probe to VW chairman

German prosecutors probing whether Volkswagen executives manipulated the markets in the wake of the "dieselgate" scandal have widened their investigation to include the group's supervisory board chief, the embattled auto giant said Sunday.

Published 07 Nov, 2016 12:00am

Haiti aid hard to come by one month after hurricane

Uprooted trees still litter fields and beaches in southern Haiti, as if Hurricane Matthew left its trail of death and destruction only yesterday. Except for blue plastic tarps that now cover damaged homes, the scene one month after the storm is practicall

Published 07 Nov, 2016 12:00am

UK businesses report stronger activity in three months to October

British businesses reported stronger activity in the three months to October after an initial slowdown following June's vote to leave the European Union, the Confederation of British Industry said on Sunday.

Published 07 Nov, 2016 12:00am

Currency

Argentina loosens currency change rules to fight informal exchanges

Argentina will ease regulations on opening and operating currency exchange businesses, the central bank said on Thursday, making it easier for tourists to buy pesos at hotels, restaurants and banks.

Published 07 Nov, 2016 12:00am

Currency

Newly floated Egyptian pound moves little as inter-bank trading begins

Egypt's pound was almost steady early on Sunday as banks began trading freely for the first time since authorities ditched the currency's peg in a policy shift designed to crush a black market and clinch an International Monetary Fund loan.

Published 07 Nov, 2016 12:00am

Currency

Egyptian shares up for second day on currency float; Saudi climbs

Egyptian blue chips jumped for a second straight day on Sunday after the central bank floated its currency last week, raising hopes for new inflows of funds, while Saudi Arabia gained as last month's successful international bond issue continued to spur b

Published 07 Nov, 2016 12:00am

Moneta set to leapfrog O2 in MSCI index battle

General Electric's gradual sale of its stake in Moneta Money Bank has lifted the Czech bank's chances of joining MSCI's benchmark country index, potentially attracting a new pool of investors.

Published 07 Nov, 2016 12:00am

Currency

Gulf single currency inevitable: Oman central bank chief

The creation of a single currency in the Gulf Arab region has become inevitable and is only a matter of time, the executive president of Oman's central bank was quoted as saying. Oman is not one of the countries pushing for a common currency, but "serious

Published 07 Nov, 2016 12:00am

Currency

Hungary running out of tools to rein in surging forint

The forint has surged to 17-month highs boosted by the Hungarian economy's improving risk profile, testing the ability of the country's central bank to rein in the currency and protect growth.

Published 07 Nov, 2016 12:00am

Currency

FXCM raises margin requirements for some FX pairs

New York-based retail broker FXCM Inc said on Wednesday it will temporarily increase margin requirements to 2 percent from 1 percent for certain currency pairs starting Friday afternoon in anticipation of market volatility ahead of next week's US presiden

Published 07 Nov, 2016 12:00am

Currency

US dollar likely to drift higher in the year ahead

The US dollar is likely to drift higher into next year as the Federal Reserve forges a lone but gradual path toward higher interest rates, according to foreign exchange strategists polled by Reuters.

Published 07 Nov, 2016 12:00am

Bangladesh's interbank forex rates

Interbank buy/sell rates for the taka against the dollar on Sunday. 78.46-78.46 (previous 78.45-78.46).

Published 07 Nov, 2016 12:00am

Hedge fund Viking got boost from European stocks in third quarter

A bigger bet on European stocks in the last quarter helped US hedge fund Viking Global Investors improve returns after a difficult start to the year.

Published 07 Nov, 2016 12:00am

Hedge fund Viking got boost from European stocks in third quarter

A bigger bet on European stocks in the last quarter helped US hedge fund Viking Global Investors improve returns after a difficult start to the year.

Published 07 Nov, 2016 12:00am

Wall Street week ahead: US mutual fund managers brace for closer election

The US presidential election is looking like less of a certainty for Democratic nominee Hillary Clinton than it did a month ago, prompting mutual fund managers to brace for more volatility by raising cash and getting their buying lists ready for opportuni

Published 07 Nov, 2016 12:00am

Test for PM as Bulgarians elect president

Bulgarians were voting Sunday in a first round of a presidential election, a key test of Prime Minister Boyko Borisov's popularity that could also determine relations between the EU's poorest country and Russia.

Published 07 Nov, 2016 12:00am

Guatemala journalist and wife murdered

A Guatemalan TV journalist and his wife were murdered by gunmen who shot them as they rode a motorbike, police said Sunday. Hamilton Hernandez, a presenter with a local cable station, was riding with his spouse Herlina Gonzalez through a forested area nea

Published 07 Nov, 2016 12:00am

Oman ruler meets British royals in rare appearance

Oman's Sultan Qaboos held talks with Britain's Prince Charles and his wife Camilla, in his first announced meeting with foreign dignitaries nearly seven months after a medical check-up in Germany.

Published 07 Nov, 2016 12:00am

Australian woman kidnapped in Kabul

An Australian working for a non-governmental organisation (NGO) in Afghanistan was reported kidnapped in the capital Kabul on Saturday, officials said. "The Australian Embassy in Kabul is making urgent enquiries into reports an Australian has been kidnapp

Published 07 Nov, 2016 12:00am

Fresh Yemen fighting kills 20

Fresh clashes in two different parts of Yemen on Sunday killed 14 pro-Iran rebels and six fighters loyal to the internationally recognised government, military officials said. Among them was loyalist General Yehia al-Khayati who died at a Saudi hospital w

Published 07 Nov, 2016 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 23	278.69
USD PKR Interbank Buying / Dec 23	278.43
USD to Japanese Yen / Dec 23	157.10
USD to Swiss Franc / Dec 23	0.90
Pound Sterling to USD / Dec 23	1.25
Euro to USD / Dec 23	1.04

Stock	Volume
S&P 500 / Dec 23	5,974.07
India Sensex / Dec 23	78,540.17
Tokyo Nikkei / Dec 23	39,055.35
Nasdaq / Dec 23	19,764.89
Hang Seng / Dec 23	20,105.38
FTSE 100 / Dec 23	8,102.72
Dow Jones / Dec 23	42,906.95
Germany DAX 30 / Dec 23	19,848.77

Item	Value
Crude Oil USD/Barrel / Dec 23	69.60
Karachi Cotton PKR/37.32 KG / Dec 23	17,785
Gold 10 Grams PKR / Dec 23	241,087.80
Gold Spot USD/Ounce / Dec 23	2,617.29
Cotton US¢/pound / Dec 23	69.11
Petrol/Litre / Dec 24	252.10

Gainers
Losers
Leaders

Stock	Price
First Capital Equities / Dec 23 First Capital Equities Limited(FCEL)	6.15 ▲ 1.00 (19.42%)
Dewan Sugar / Dec 23 Dewan Sugar Mills Limited(DWSM)	6.60 ▲ 1.00 (17.86%)
Cnergyico PK / Dec 23 Cnergyico PK Limited(CNERGY)	6.83 ▲ 0.92 (15.57%)
Jahangir Sidd(Pref) / Dec 23 Jahangir Sidd(Pref)(JSCLPSA)	9.50 ▲ 0.95 (11.11%)
Chenab Ltd (Pref) / Dec 23 Chenab Limited (Pref)(CLCPS)	3.75 ▲ 0.36 (10.62%)
Dewan Farooque Sp. / Dec 23 Dewan Farooque Spinning Mills Limited(DFSM)	4.72 ▲ 0.45 (10.54%)
Trust Sec.& Brok. / Dec 23 Trust Securities & Brokerage Limited(TSBL)	10.55 ▲ 1.00 (10.47%)
Dawood Equities / Dec 23 Dawood Equities Limited(DEL)	10.63 ▲ 1.00 (10.38%)
HBL Invest Fund / Dec 23 HBL Investment Fund(HIFA)	4.15 ▲ 0.39 (10.37%)

Stock	Price
Sindh Abadgar / Dec 23 Sindh Abadgar's Sugar Mills Limited(SASML)	36.60 ▼ -4.07 (-10.01%)
Blue-Ex Ltd / Dec 23 Blue-Ex Limited (GEM)(GEMBLUEX)	40.87 ▼ -4.54 (-10.00%)
J.A.Textile / Dec 23 J.A. Textile Mills Limited(JATM)	37.72 ▼ -4.19 (-10.00%)
Asia Ins. / Dec 23 Asia Insurance Company Limited(ASIC)	13.96 ▼ -1.55 (-9.99%)
Dar-es-Salaam / Dec 23 Dar-es-Salaam Textile Mills Limited(DSML)	42.01 ▼ -4.58 (-9.83%)
First Tri-Star Mod. / Dec 23 First Tri-Star Modaraba(FTSM)	14.01 ▼ -1.33 (-8.67%)
Dadabhoy Cement / Dec 23 Dadabhoy Cement Industries Limited(DBCI)	6 ▼ -0.54 (-8.26%)
Oilboy Energy / Dec 23 Oilboy Energy Limited(OBOY)	10.46 ▼ -0.93 (-8.17%)
Burj Clean Energy Modaraba / Dec 23 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	8.45 ▼ -0.65 (-7.14%)

Stock	Volume
WorldCall Telecom / Dec 23 Worldcall Telecom Limited(WTL)	99,942,750 ▲ 0.14
Cnergyico PK / Dec 23 Cnergyico PK Limited(CNERGY)	66,327,753 ▲ 0.92
Pace (Pak) Ltd. / Dec 23 Pace (Pakistan) Limited(PACE)	43,280,462 ▲ 0.19
K-Electric Ltd. / Dec 23 K-Electric Limited(KEL)	40,644,312 ▲ 0.37
Sui South Gas / Dec 23 Sui Southern Gas Company Limited(SSGC)	40,619,788 ▲ 0.76
Pak Elektron / Dec 23 Pak Elektron Limited(PAEL)	38,585,180 ▲ 1.96
Fauji Foods Ltd / Dec 23 Fauji Foods Limited(FFL)	35,015,764 ▲ 1.32
P.T.C.L. / Dec 23 Pakistan Telecommunication Company Ltd(PTC)	33,026,526 ▲ 2.58
B.O.Punjab / Dec 23 The Bank of Punjab(BOP)	29,495,012 ▲ 0.26

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