News Archives for Print - 2016-12-26

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Print - 2016-12-26

The Weather

The weather report on Sunday (December 25, 2016) and the forecast for Monday (December 26, 2016).

Published 26 Dec, 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 26 Dec, 2016 12:00am

Currency

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (December 19 to 23 2016).

Published 26 Dec, 2016 12:00am

Aaj TV - Monday's schedule

All timings are in PST (Pakistan Standard Time).

Published 26 Dec, 2016 12:00am

'Pakistan's aviation needs boost to capitalise on CPEC,' says Mark Goh, National University Singapore

Mark Goh is currently a Professor at the Department of Decision Sciences and Director (industry Research) with the Logistics Institute-Asia Pacific at the National University of Singapore, where his areas of interest include supply chain management and ph

Published 26 Dec, 2016 12:00am

'Pakistan's aviation needs boost to capitalise on CPEC,' says Mark Goh, National University Singapore

Published 26 Dec, 2016 12:00am

Uzbekistan to join CPEC

In his meeting with deputy prime minister of Uzbekistan, prime minister Nawaz Sharif has said that he wants Uzbekistan to join China Pakistan Economic Corridor (CPEC) as early as possible. Uzbekistan, a landlocked country of central Asia, therefore, must

Published 26 Dec, 2016 12:00am

In Turkey's heartland, Rumi's turquoise soul is alive and twirling

The colours are stark. A strong turquoise, strips of lavender and deep reds weave flower patterns. The Arabic inscriptions fan out in gold letterings. Atop the mausoleum sits an aqua green turban, denoting the high social rank of the entombed.

Published 26 Dec, 2016 12:00am

Madagascar's world-class cocoa, a bitter sweet cash crop

A massive zebu cow lumbers out of the tropical forest in Ambanja in the north of Madagascar carrying a heavy cartful of cocoa pods destined to become some of the most expensive chocolate in the world.

Published 26 Dec, 2016 12:00am

Water: a non-issue for our politicians

Pakistan has witnessed sporadic infrastructure development in its 69 year history with little if any focus on prioritizing either social sector projects (education/health) or approving projects on the basis of a cost-benefit analysis that would enable a s

Published 26 Dec, 2016 12:00am

Expectations from Nawaz Sharif

Prime Minister Nawaz Sharif is increasingly acting as Prime Minister of the entire country; this is matter of great satisfaction, indeed. His orders to the Planning Minister to make Karachi Circular Railway and Keti Bandar part of the China-Pakistan Econo

Published 26 Dec, 2016 12:00am

The widening C/A deficit

It is very depressing that current account (C/A) deficit of the country has almost doubled during the current fiscal so far. According to the latest data released by the State Bank, country's C/A balance recorded a deficit of $2.601 billion during July-No

Published 26 Dec, 2016 12:00am

India begins building world's tallest statue

Indian Prime Minister Narendra Modi Saturday laid the foundation stone for what is set to be the world's tallest statue, as its projected multi-million-dollar cost sparked criticism and an online petition against the project. The statue of Chhatrapati Shi

Published 26 Dec, 2016 12:00am

Pope says Christmas 'hostage' to materialism

Pope Francis said on Saturday that Christmas had been "taken hostage" by dazzling materialism that blinds many to the needs of the hungry, the migrants and the war weary. Francis, leading the world's 1.2 billion Roman Catholics into Christmas for the four

Published 26 Dec, 2016 12:00am

Brazil leader vows to beat crisis in 2017

"We will beat this crisis," Brazil's unpopular President Michel Temer said in a Christmas broadcast on Saturday, as the country remained mired in recession and uncertainty.

Published 26 Dec, 2016 12:00am

French aid worker kidnapped in Mali

A Frenchwoman who runs an organisation for malnourished children has been kidnapped in Mali's restive north, France's foreign ministry confirmed on Sunday, as French troops joined in the search for the aid worker. Sophie Petronin was abducted in the city

Published 26 Dec, 2016 12:00am

Omanis vote in municipal elections

Voters in Oman headed to the polls Sunday to choose municipal councillors in only the second local election held in the Gulf sultanate. Ruled by Sultan Qaboos since 1970, Oman has made tentative steps in recent years towards reform, though political parti

Published 26 Dec, 2016 12:00am

Rebels blamed for 'poisoning' Damascus water

Residents of the Syrian capital were facing their third consecutive day of water shortages on Sunday, with authorities accusing "terrorist groups" of deliberately poisoning water resources. The government cut off water to Damascus on Friday after concerns

Published 26 Dec, 2016 12:00am

Tunisia security forces warn of returning jihadis

Tunisia's security forces called on the government on Sunday to take "exceptional measures" to combat the return of jihadists fighting for extremist groups abroad. Tunisia has seen a wave of jihadist attacks since its 2011 revolution, including on foreign

Published 26 Dec, 2016 12:00am

Obamas send final Christmas message

President Barack Obama and first lady Michelle Obama sent their final Christmas salutations from the White House on Saturday, highlighting common values uniting Americans of all faiths. "The idea that we are our brother's keeper and our sister's keeper. T

Published 26 Dec, 2016 12:00am

'2016 leaves world more awash with fear, division'

The leader of the world's Anglicans said 2016 had left humanity "more awash with fear and division", in his Christmas Day sermon on Sunday. Justin Welby, the Archbishop of Canterbury, said the world's values were "in the wrong place", with economic, techn

Published 26 Dec, 2016 12:00am

Thousands stranded at Japan airport

Heavy snow in northern Japan caused transport chaos over the holiday weekend, with flights and train services cancelled and thousands of passengers forced to camp out at a regional airport for three straight nights. Sapporo on Hokkaido island had up to 96

Published 26 Dec, 2016 12:00am

Major quake of magnitude 7.6 strikes Chile, tsunami warning lifted

Officials removed a tsunami warning after a major 7.6 magnitude earthquake struck southern Chile on Sunday, prompting thousands to evacuate coastal areas. The U.S.-based Pacific Tsunami Warning Center said the tsunami warning was lifted after earlier issu

Published 26 Dec, 2016 12:00am

25th December gives message of love & equality: minister

Provincial Minister for Information and Excise & Taxation Mian Mujtaba Shuja-ur-Rehman has said that December 25th is a proud symbol of happiness, joy and peace as on one side, the Christian community celebrates their holy festival of Christmas and on the

Published 26 Dec, 2016 12:00am

Fazl too criticises Imran

Maulana Fazal-ur-Rehman addressed Jamiat Ulema-e-Islam (F) rally on Sunday. While reacting to Imran Khan's speech, JUI-F chief pointed out that he has ideological differences with Pakistan Tehreek-e-Insaf (PTI). "We will continue to fight this ideological

Published 26 Dec, 2016 12:00am

Muqam criticises Imran for 'negative' politics

Adviser to Prime Minister and PML-N leader Engineer Amir Muqam has said that the PTI workers in Khyber Pakhtunkhwa looked fed up with negative politics of Imran Khan. He was addressing a public meeting in Thana area of Malakand division on Sunday. On this

Published 26 Dec, 2016 12:00am

'Red alert' issued against polyester company for 'tax fraud'

Directorate General of Intelligence and Investigation Inland Revenue (IR) has issued 'red alert' against a company engaged in manufacturing and marketing of polyester filament yarn and other polyester related products, for allegedly committing tax fraud.

Published 26 Dec, 2016 12:00am

'Red alert' issued against polyester company for 'tax fraud'

Published 26 Dec, 2016 12:00am

Pakistan expresses grief over Russia plane crash

The leadership and the people of Pakistan are deeply grieved and saddened to learn about the tragic crash of Tu-154 aircraft in the Russian Federation today, which resulted in the loss of more than ninety valuable lives, including members of the renowned

Published 26 Dec, 2016 12:00am

Major General Asif Ghafoor assumes office as DG ISPR

Major General Asif Ghafoor officially assumed the office of Director General Inter-Services Public Relations (DG ISPR) on Sunday.

Published 26 Dec, 2016 12:00am

Abdullah Shah Ghazi's mausoleum: Zardari asks Murad to monitor uplift work

Former President of Pakistan and President of Pakistan People's Party Parliamentarians (PPPP), Asif Zardari has directed the Chief Minister Sindh, Syed Murad Ali Shah to monitor the development work of mausoleum of Abdullah Shah Ghazi.

Published 26 Dec, 2016 12:00am

Christian community plays equal role towards progress of Pakistan: DCO

On the eve of Christmas, DCO Salman Ghani and Member National Assembly Haji Akram Ansari visited Presbyterian Church outside Rail Bazaar for participating in the happiness of Christian community and to express solidarity with them.

Published 26 Dec, 2016 12:00am

Christmas celebrated in KP, Fata under tight security

Amid tight security, Christian community on Sunday celebrated the Christmas festivity with religious zeal and traditional fervour across the Khyber Pakhtunkhwa and Fata. To mark the birth anniversary of Jesus Christ (AS), the special services were held in

Published 26 Dec, 2016 12:00am

Bilawal visits St Patrick's Church to mark Christmas Celebrations

Christmas was celebrated in various areas of this port city with great enthusiasm and cheerful events, like other parts of the country, on Sunday. Pakistani Christian community began the day with special prayers for unity and welfare of nation and the pro

Published 26 Dec, 2016 12:00am

Christian community felicitated on Christmas

The business Community of Southern Punjab has felicitated Christian community on the happy occasion of Christmas marking the birth anniversary of Jesus Christ with religious fervour on Sunday.

Published 26 Dec, 2016 12:00am

'MHUs is unique gift of Shahbaz for South Punjab'

Mobile Health Units (MHUs) have played an effective role in providing quality healthcare services to the people of remote and far flung areas of the Punjab at their door step and this is a unique gift of the Chief Minister Muhammad Shahbaz Sharif for the

Published 26 Dec, 2016 12:00am

President House's officials admit their mistake

President House officials on Sunday assured 11-year-old Mohammad Sabeel Haider of not broadcasting his speech. After the report was aired on television, the President House took notice and solved the matter at the earliest. Sabeel thanked media for raisin

Published 26 Dec, 2016 12:00am

Paris climate deal can save millions of fish, livelihoods

Many fish migrate or die when the water gets too hot, but millions could be saved if the world meets the global warming targets in the 2015 Paris accord, a study said on Thursday. Fish are an important part of the food chain and a global industry worth $1

Published 26 Dec, 2016 12:00am

Modern life, bad habits: Africa faces deadly new illnesses

When Rose Kariuki first felt a lump on her left breast, the spectre of cancer - a disease she had only heard of on television - was the last thing on her mind.

Published 26 Dec, 2016 12:00am

Climate report says 2016 on pace to be hottest year yet

A monthly global climate report by US government scientists on Monday offered more evidence that 2016 is likely to be the warmest year in modern times, as sea ice at both poles hit record lows. Climate scientists say the continued burning of fossil fuels

Published 26 Dec, 2016 12:00am

Pets can help owners manage mental illness

Pets could play an active role in the treatment of their owners' long-term mental health problems, according to authors of a small study in the United Kingdom.

Published 26 Dec, 2016 12:00am

Chinese farmers bolster bird flu defences as Asia outbreaks, and jitters, spread

Chinese chickens are being fed more vitamins and vaccines as jittery farmers ramp up henhouse sterilisation in a bid to protect flocks against a virulent strain of airborne bird flu that has led to record culling in nearby South Korea.

Published 26 Dec, 2016 12:00am

Ebola vaccine may be up to 100 percent effective: WHO

A prototype vaccine for Ebola may be "up to 100 percent effective" in protecting against the deadly virus, the World Health Organization (WHO) said on Friday. If all goes well, the vaccine could become available in 2018 under a fast-track approval process

Published 26 Dec, 2016 12:00am

Yahoo reveals new hack, this time a billion-plus users

Yahoo said Wednesday personal data from over a billion users was stolen in a hack dating back to 2013 - twice as big as another breach disclosed just three months ago.

Published 26 Dec, 2016 12:00am

SES delivers innovative connectivity to improve, save lives

SA offers innovative solutions to meet global development goals. Internet access is the key to tackling global challenges related to health and education as well as civic and economic empowerment. SES is providing the solution with a global fleet of satel

Published 26 Dec, 2016 12:00am

Google's Waymo adds 100 Chryslers to self-driving fleet

Google's spin-off self-driving car division Waymo announced Monday it added 100 Chrysler Pacifica minivans to its fleet of self-driving vehicles being tested. "With this great new minivan on the road in our test markets, we'll learn how people of all ages

Published 26 Dec, 2016 12:00am

Uber puts brakes on self-driving cars in California

Uber on Wednesday said it put the brakes on self-driving cars in California because state officials yanked registration for vehicles being used for a pilot program. Uber taking its autonomous cars off San Francisco streets ended a clash between the Califo

Published 26 Dec, 2016 12:00am

'Samsung Elec likely to procure phone batteries from LG Chem'

Samsung Electronics Co Ltd is in talks with LG Chem Ltd to make it one of its smartphone battery suppliers, the Chosun Ilbo newspaper said on Monday - a move that would diversify its supplier base after the failure of its Galaxy Note 7.

Published 26 Dec, 2016 12:00am

Japan's TDK to acquire US chip maker InvenSense for $1.3 billion

TDK Corporation and InvenSense, Inc entered into a definitive agreement on Wednesday wherein TDK agrees to acquire all of the outstanding InvenSense shares for cash at an acquisition price of USD 13.00 per InvenSense share, for a total acquisition price o

Published 26 Dec, 2016 12:00am

Zuckerberg builds software butler for his home

Mark Zuckerberg's artificial intelligence-imbued software "butler" - named Jarvis - is now in service, and even plays with his family, the Facebook chief said Monday. Zuckerberg took on the personal project this year, devoting about 100 hours to making a

Published 26 Dec, 2016 12:00am

Facebook dials in live audio streaming option

Facebook on Monday began testing a live audio streaming service that will let people essentially broadcast radio-style on the leading online social network.

Published 26 Dec, 2016 12:00am

Facebook inks agreement with 17 universities to streamline research

Facebook Inc's hardware development division on Wednesday announced a new partnership with Harvard, Princeton and 15 other universities intended to allow swifter collaboration on technology research projects.

Published 26 Dec, 2016 12:00am

Bitter battle roils India's biggest conglomerate

The acrimonious battle for control of India's storied Tata Group is set to get even dirtier as its ousted chairman launches legal action against the firm, marking the latest twist in a months-long saga sullying the 150-year-old conglomerate.

Published 26 Dec, 2016 12:00am

Biogen names top executive Vounatsos as CEO

Biogen Inc, the US drug maker focused on neurological, autoimmune and rare diseases, said on Monday it had appointed its chief commercial officer, Michel Vounatsos, as chief executive officer. The move comes as the Cambridge, Massachusetts-based company i

Published 26 Dec, 2016 12:00am

RBS near to selling $600m of shipping loans

Royal Bank of Scotland is close to selling at least $600 million worth of shipping loans from its portfolio, two sources familiar with the matter told Reuters. RBS, which is more than 70 percent state-owned, is still in the throes of a restructuring, whic

Published 26 Dec, 2016 12:00am

France's Vivendi grabs over 25 percent stake in Mediaset

French media conglomerate Vivendi announced Tuesday it had raised its stake in Mediaset to 25.75 percent from 20 percent, as part of a strategy that has been met with fierce resistance from the Italian TV company.

Published 26 Dec, 2016 12:00am

Boeing's commercial jets unit to cut jobs in 2017

Boeing Co's commercial airplanes unit said on Monday it would reduce its workforce in 2017, adding to the about 8 percent jobs the company has cut since the beginning of 2016. The company is offering a voluntary layoff program in early 2017, adding that i

Published 26 Dec, 2016 12:00am

Currency

Nike revenue beats; sees rebound in basketball category

Nike Inc, the world's largest footwear maker, reported better-than-expected quarterly revenue and profit, and indicated a rebound in its basketball category. The company's shares were up 1.7 percent at $52.67 in after-market trading on Tuesday.

Published 26 Dec, 2016 12:00am

Qatari bank trio in talks for potential $44 billion merger

Qatari banks Masraf Al Rayan , Barwa Bank and International Bank of Qatar have begun initial talks for a potential merger, the banks said on Monday, in a deal that would create the Gulf state's second-largest bank.

Published 26 Dec, 2016 12:00am

Racing: Veteran hopes to be on cue

Doughty stayer Cue Card will endeavour to show his precociously talented novice stablemate Thistlecrack there's still life in the old legs in the King George VI Chase on Monday. Cue Card has two years and many top class wins under his belt over his fellow

Published 26 Dec, 2016 12:00am

Australia keep Maddinson in unchanged Test side

Rookie batsman Nic Maddinson will be given another chance to prove himself after Australia Sunday named an unchanged team for the second Test against Pakistan in Melbourne. Maddinson's place at number six for the Boxing Day showpiece was in doubt after sc

Published 26 Dec, 2016 12:00am

Man Utd upturn leaves Mourinho feeling at home

Manchester United manager Jose Mourinho says he has started to feel "really at home" at Old Trafford and believes foundations are in place to bring success back to the club. Mourinho endured a difficult start to life in Manchester after succeeding Louis v

Published 26 Dec, 2016 12:00am

Peshawar, Swabi dominate KP Badminton Championship

Peshawar and Swabi dominated the second day of the ongoing 5th KP Badminton Championship being played here at Wadood Indoor Hall of the Qayyum Sports Complex on Sunday.

Published 26 Dec, 2016 12:00am

FATA NBP Sports Gala begins in Bajaur Agency

To commemorate the 141st anniversary of the founder of the nation Quaid-e-Azam Muhammad Jinnah, the 5th FATA NBP Sports Gala got under way at Sports Complex of Bajaur Agency on Sunday.

Published 26 Dec, 2016 12:00am

Guardiola pleased with rejuvenated Sterling

Manchester City manager Pep Guardiola believes winger Raheem Sterling has recaptured his best form in time for the club's hectic festive programme in the Premier League.

Published 26 Dec, 2016 12:00am

Christmas Day nets for desperate New Zealand

New Zealand set aside Christmas festivities to pack in a final training session on Sunday before their Boxing Day series opener against Bangladesh in Christchurch. After being flayed by Australia in a 3-0 series hiding earlier this month, the Kane William

Published 26 Dec, 2016 12:00am

PCF marks Quaid's Day with cycle race event

PML-N MPA Sobia Khan has called upon the youth not to confine themselves to books only rather should also take part in sports and positive activities. This, she said during prize distributing ceremony of Cycle Race held here at Peshawar Press Club on Sund

Published 26 Dec, 2016 12:00am

Raiders lose Carr

Oakland's Derek Carr was among three NFL stars to suffer broken right legs Saturday while the Atlanta Falcons, Houston Texans and New York Giants booked playoff berths. On a wild day with 12 games, Green Bay set up a showdown with Detroit next weekend to

Published 26 Dec, 2016 12:00am

Du Plessis looks to negate Sri Lankan spin

South African captain Faf du Plessis said he hoped a grassy St George's Park pitch would negate Sri Lanka's spin threat in the first Test starting on Monday. "There's a little more grass on the wicket than might be normal," Du Plessis said in his pre-matc

Published 26 Dec, 2016 12:00am

Misbah seeks series leveller

Skipper Misbah-ul-Haq hinted Sunday that Sohail Khan may come in to break up Pakistan's three-man left-arm pace attack in the second Boxing Day Test against Australia in Melbourne. The tourists are not expected to tinker with their batting after a heroic

Published 26 Dec, 2016 12:00am

Toyota unlocks its engine technology, could sell to rivals

Long guarded about what was beneath the hood of its pioneering Prius cars, Toyota Motor Corp plans to open up its powertrain technology to rivals, hoping this will boost sales and speed up the industry's shift to lower-emission vehicles.

Published 26 Dec, 2016 12:00am

Currency

UK growth surprise cushions sterling's worst week since October

Sterling headed for its biggest weekly fall in almost three months on Friday, although data showing that the UK economy grew faster than expected in the third quarter helped lift it from a seven-week trough against the dollar.

Published 26 Dec, 2016 12:00am

China needs to regulate 'money gates'

China needs to keep financial market liquidity stable and regulate its "money gates" to prevent asset bubbles, but it also needs to ensure a lack of liquidity doesn't cause financial stress, according to a commentary in a newspaper owned by the People's B

Published 26 Dec, 2016 12:00am

EU to exempt foreign flights from emissions scheme

The European Union is set to extend the exclusion of foreign airlines from its emissions trading system to give a United Nations-brokered global deal time to come into effect, two EU sources said. The move would be welcomed by the airline industry which w

Published 26 Dec, 2016 12:00am

China to levy new taxes in bid to strengthen pollution fight

China's largely rubber-stamp parliament passed a law on Sunday that will levy specific environmental protection taxes on industry for the first time from 2018, as part of a renewed focus on fighting the country's pollution woes. Anger has risen in the wor

Published 26 Dec, 2016 12:00am

Riyadh plans to sell Aramco

A Saudi financial newspaper here on Sunday retracted an article it published the previous day saying that Riyadh planned to sell a 49 percent stake in state-owned oil giant Saudi Aramco within a decade.

Published 26 Dec, 2016 12:00am

Currency

Egypt targets 5 percent economic growth by mid-2018

Egypt targets a five percent economic growth rate in the year to June 2018, the finance ministry said Sunday as the government seeks to revive an economy battered by political turmoil.

Published 26 Dec, 2016 12:00am

Vietnam's Formosa industrial disaster Recovery could take a decade

Vietnam's central region is expected to take a decade to completely recover from an industrial accident caused by a unit of a Taiwan conglomerate, which led to Vietnam's worst ever environmental disaster, the government said.

Published 26 Dec, 2016 12:00am

UK gilt yields fall to six-week low in thin pre-Christmas trade

British government bond yields hit a 6-week low on Friday in thin trade before Christmas holidays, shrugging off stronger-than expected British growth data and instead taking their lead from signs of progress in Italy's banking troubles.

Published 26 Dec, 2016 12:00am

UK gilt yields fall to six-week low in thin pre-Christmas trade

Published 26 Dec, 2016 12:00am

China maps out its Trump strategy

When Donald Trump becomes U.S. president next month, one issue above all others could force his new administration to work closely with China and underscore why he and Beijing need each other - North Korea. A nuclear armed North Korea, developing missiles

Published 26 Dec, 2016 12:00am

Currency

Sterling stuck near one-month lows against dollar

Sterling traded around a one-month low against the dollar on Wednesday in thin pre-Christmas trade, kept under pressure by uncertainty over how Britain's departure from the European Union will pan out.

Published 26 Dec, 2016 12:00am

Italian bond yields fall on Monte dei Paschi bailout request

Italian government bond yields fell as Monte dei Paschi said it would request aid from a newly-approved state fund to help struggling banks, after failing to win investor backing for a capital increase. Ten-year yields slipped 4 basis points (bps) to 1.81

Published 26 Dec, 2016 12:00am

Italian bond yields fall on Monte dei Paschi bailout request

Published 26 Dec, 2016 12:00am

US-based stock funds post $21.6 billion withdrawals during week

US-based stock funds posted $21.6 billion in withdrawals during the latest week, Lipper data showed on Thursday, adding to a trend of outflows from actively managed mutual funds that has lasted much of the year.

Published 26 Dec, 2016 12:00am

Currency

Dollar lower into Christmas lull

The dollar headed into the Christmas break on Friday just over half a percent off highs hit after this month's U.S. Federal Reserve meeting, with a handful of second-tier data unlikely to disturb markets already in holiday mode.

Published 26 Dec, 2016 12:00am

Marketing software firm Yext prepares for 2017 IPO

Yext, a software start-up that helps businesses manage their location-based internet profiles, has hired banks to help prepare for an initial public offering that could come as early as next year, people familiar with the matter said on Friday.

Published 26 Dec, 2016 12:00am

TSX slips as energy, financial losses offset miner gains

Canada's main stock index slipped on weekend, ending a 6-day rising streak as losses among energy and financial stocks outweighed gains for gold miners.

Published 26 Dec, 2016 12:00am

Bonds firm as volumes dwindle before holiday weekend

US Treasury prices were firmer in thin volumes as investors prepared for the three-day Christmas holiday weekend. "We're a little stronger, the curve is a little flatter, but volume has been anemic," said Justin Lederer, an interest rate strategist at Can

Published 26 Dec, 2016 12:00am

Bonds firm as volumes dwindle before holiday weekend

Published 26 Dec, 2016 12:00am

How Deutsche's big bet on Wall Street turned toxic

Deutsche Bank's pursuit of success on Wall Street has come at a high price, a $7 billion plus penalty illustrating the extent of its decline since 2008 when its then chief executive claimed it was one of the "strongest banks in the world".

Published 26 Dec, 2016 12:00am

Saudi surges on budget, Saudi Electricity leaps

Saudi Arabia's stock market surged in early trade on Sunday in response to the release of the 2017 state budget, which includes an increase in government spending next year to support flagging economic growth.

Published 26 Dec, 2016 12:00am

Taiwan to sell T$105 billion in govt bonds in Q1 2017

Taiwan plans to sell T$105 billion ($3.27 billion) in government bonds in the first quarter of 2017, mainly to repay debt, the finance ministry said on Friday. The ministry said it would issue two-, five-, 10-, and 20-year government bonds in the January-

Published 26 Dec, 2016 12:00am

Taiwan to sell T$105 billion in govt bonds in Q1 2017

Published 26 Dec, 2016 12:00am

Currency

Iran rial hits fresh record low

Iran's currency plumbed new lows against the dollar on Sunday, continuing a six-month decline that has seen the rial lose some 19 percent of its value despite the lifting of sanctions. The rial was trading at 41,300 to the dollar, down from 34,600 in June

Published 26 Dec, 2016 12:00am

China to permit special debt to equity bonds in new rules

China has drawn up new guidelines allowing institutions to issue special bonds to finance debt-to-equity swaps, the state planning agency's official news website said.

Published 26 Dec, 2016 12:00am

China to permit special debt to equity bonds in new rules

China has drawn up new guidelines allowing institutions to issue special bonds to finance debt-to-equity swaps, the state planning agency's official news website said.

Published 26 Dec, 2016 12:00am

Egypt confirms Al Jazeera producer's arrest for 'provoking sedition'

Egypt confirmed on Sunday that it had arrested an Al Jazeera news producer, accusing him of "provoking sedition" on behalf of the Qatar-based broadcaster that it considers a mouthpiece of the banned Muslim Brotherhood.

Published 26 Dec, 2016 12:00am

Alleged Libyan hijackers appear in Malta court

The 2 men accused of using fake weapons to hijack a Libyan plane earlier this week with 117 people on board before diverting it to Malta appeared in court Sunday. Moussa Saha and Ali Ahmed Saleh pleaded not guilty in Valletta's law courts to a string of o

Published 26 Dec, 2016 12:00am

Abe and Obama to pay respects at Pearl Harbor

Seven months after President Barack Obama visited Hiroshima, the city where World War II all but ended, his Japanese counterpart is paying his respects at the site where the brutal conflict began.

Published 26 Dec, 2016 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Oct 8	277.70
USD PKR Interbank Buying / Oct 8	277.45
USD to Japanese Yen / Oct 8	148.02
USD to Swiss Franc / Oct 8	0.85
Pound Sterling to USD / Oct 8	1.31
Euro to USD / Oct 8	1.10

Stock	Volume
S&P 500 / Oct 8	5,695.94
India Sensex / Oct 8	81,561.53
Tokyo Nikkei / Oct 8	38,930.78
Nasdaq / Oct 8	17,923.91
Hang Seng / Oct 8	21,370.60
FTSE 100 / Oct 8	8,199.23
Dow Jones / Oct 8	41,954.24
Germany DAX 30 / Oct 8	18,976.93

Item	Value
Petrol/Litre / Oct 8	247.03
Crude Oil USD/Barrel / Oct 8	75.84
Karachi Cotton PKR/37.32 KG / Oct 8	18,485
Gold 10 Grams PKR / Oct 8	236,715.30
Gold Spot USD/Ounce / Oct 8	2,646.05
Diesel/Litre / Oct 8	246.29

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Oct 8 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Oct 8 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Oct 8 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Oct 8 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Oct 8 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Oct 8 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Oct 8 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Oct 8 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Oct 8 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Oct 8 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Oct 8 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Oct 8 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Oct 8 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Oct 8 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Oct 8 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Oct 8 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Oct 8 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Oct 8 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Oct 8 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Oct 8 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Oct 8 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Oct 8 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Oct 8 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Oct 8 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Oct 8 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Oct 8 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Oct 8 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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