News Archives for Print - 2017-01-30

The Weather

The weather report on Sunday (January 29, 2017) and the forecast for Monday (January 30, 2017).

Published 30 Jan, 2017 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 30 Jan, 2017 12:00am

Currency

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (January 23 to 27, 2017).

Published 30 Jan, 2017 12:00am

Aaj TV - Monday's schedule

All timings are in PST (Pakistan Standard Time).

Published 30 Jan, 2017 12:00am

2600 candidates appeared in the entry test conducted at Public School, Latifabad for admissions in Sindh Agriculture University (SAU), Tandojam, for the session 2016-17, the candidates for admissions in Shaheed Zulfiqar Ali Bhutto Agricultural College Dok

Published 30 Jan, 2017 12:00am

CM Sindh reviews development projects in Karachi

Chief Minister of Sindh Murad Ali Shah on Sunday made a sudden visit to Karachi and reviewed the development projects. Accompanied by Sindh Local Government Minister Jam Khan Shoro, he visited various places without any protocol.

Published 30 Jan, 2017 12:00am

HCCI condemns closure of industrial units in Sindh

Hyderabad Chamber of Commerce and Industry (HCCI) has strongly condemned the closure of industrial units by Sindh Environmental Protection Agency (SEPA) in Hyderabad and demanded to allow industrial units to resume their production.

Published 30 Jan, 2017 12:00am

More than 10,000 tourists visit Murree, Galiyat every day: PTDC

More than ten thousands domestic tourists are visiting hilly areas especially Murree, Galiyat and other northern parts of the country on daily basis to enjoy snowfall. An official Pakistan Tourism Development Corporation told the media on Sunday that as t

Published 30 Jan, 2017 12:00am

Speakers underscore need for efficient role of ADRC

Speakers at a discussion forum stressed the need for an effective and efficient Alternate Dispute Resolution Committee (ADRC) for Sindh sales tax matters in order to reduce disputes and litigations. Eminent scholars, professionals, economists, tax experts

Published 30 Jan, 2017 12:00am

'New airport to become operational by June 2019,' says DG Gwadar Development Authority

In today's Brief Recording section, BR Research presents the last of our ongoing series of interviews that we conducted in our recent field visit to the sleepy coastal town of Gwadar (See also Brief Recording section January 23 & 27, 2017). While the

Published 30 Jan, 2017 12:00am

'New airport to become operational by June 2019,' says DG Gwadar Development Authority

In today's Brief Recording section, BR Research presents the last of our ongoing series of interviews that we conducted in our recent field visit to the sleepy coastal town of Gwadar (See also Brief Recording section January 23 & 27, 2017). While the firs

Published 30 Jan, 2017 12:00am

Islamophobia hits a new high

That Islamophobia has gained momentum in the US following Donald Trump's election as President is a fact. According to a Business Recorder news item, for example, a US man has been charged with attacking a Muslim airline employee in New York, unlea

Published 30 Jan, 2017 12:00am

In one week, Trump shakes up Washington and the world

Donald Trump hurtled through his first week in power, punching out at critics, dishing up "alternative facts," polarising public opinion and making good on an electoral promise to shake up Washington.

Published 30 Jan, 2017 12:00am

Currency

Currency swap with China: Traditionally, Pakistan is a rather an eccentric currency storage country

Pakistan's currency market is more often than not volatile with its own adverse effects. A recent surge in value of US dollar vis-à-vis PKR is symptomatic of this fact. While the developing economies have limited options for maintaining a reasonable value

Published 30 Jan, 2017 12:00am

Davos yet again!

Prime Minister Nawaz Sharif's trip to Davos Switzerland to attend the annual World Economic Forum (WEF) was hailed as a success not only repeatedly by himself, a natural enough bias, but also by devoted members of his cabinet; the official news agency was

Published 30 Jan, 2017 12:00am

The other side of CPEC

While everybody in the country is making a song about the China Pakistan Economic Corridor (CPEC), Atif Bajwa, CEO of Bank Alfalah, the country's sixth largest lender, has asked the economic policymakers to be cautious. In an interview the other day, he s

Published 30 Jan, 2017 12:00am

Effective redistribution policies needed

Addressing the World Economic Forum in Davos, International Monetary Fund Managing Director Christine Lagarde urged the world community to implement redistribution policies through strengthening the social safety net, fiscal and structural reforms and edu

Published 30 Jan, 2017 12:00am

Duterte extends deadly drug war

Philippine President Rodrigo Duterte on Monday extended his deadly drug war until the last day of his term in 2022, but conceded the police force acting as his frontline troops was "corrupt to the core".

Published 30 Jan, 2017 12:00am

Syrian army says retakes key rebel area near Damascus

The Syrian army said on Sunday that it had recaptured a flashpoint area from rebels near Damascus that supplies water to the capital. Wadi Barada had been the scene of fierce fighting in recent weeks between regime and rebel forces that tested a fragile n

Published 30 Jan, 2017 12:00am

French Socialists vote as turmoil engulfs Fillon

France's Socialists voted Sunday to pick their candidate for this year's presidential polls as a fresh scandal engulfed the election's conservative frontrunner Francois Fillon. Socialist voters headed to polling stations from Sunday morning for the primar

Published 30 Jan, 2017 12:00am

'La La Land' wins PGA best film ahead of Oscars

Dreamy musical "La La Land" took home best movie at the Producers Guild Awards on Saturday, putting it in the box seat for the much-anticipated Oscars next month. The movie beat industry favourites and leading Academy Awards contenders including coming-of

Published 30 Jan, 2017 12:00am

William and Harry commission London statue of Princess Diana

Britain's Prince William and Prince Harry said they have commissioned a statue of their mother, Princess Diana, 20 years after she died in a Paris car crash. The sculpture will stand in the public grounds of her former residence, Kensington Palace, where

Published 30 Jan, 2017 12:00am

Israeli troops kill Palestinian in West Bank

A Palestinian was shot dead Sunday and five others were wounded by Israeli soldiers at the Jenin camp in the occupied West Bank, Palestinian medical sources said. The person who was killed at the camp located in the northern West Bank was identified as 19

Published 30 Jan, 2017 12:00am

Morocco says more African states back bid to rejoin AU

Morocco has obtained the "unconditional support" of 42 members of the 54-strong African Union to rejoin the bloc at a summit which opens Monday, a senior Moroccan diplomat said. AU member states are expected to mull Morocco's bid to rejoin during a two-da

Published 30 Jan, 2017 12:00am

Iran rights charter has no power over judiciary: official

Iran's new charter of rights outlining freedoms of speech, protest and fair trials does not apply to the detention of opposition leaders and dual nationals, the bill's architect says. The Charter of Citizens' Rights, released last month by the office of P

Published 30 Jan, 2017 12:00am

Six teens found dead in Germany

Six teenagers were found dead Sunday after holding a party in a garden shed, police in Germany said, with the cause of death still unclear. The youths were found by the owner of the shed, whose son and daughter were among the victims.

Published 30 Jan, 2017 12:00am

47 killed in Madagascar wedding crash

At least 47 people, including 10 children and a newly-wed couple, were killed when a truck carrying a wedding party and guests veered off the road and plunged into a river in Madagascar, police said Sunday. Police said the accident occurred early Saturday

Published 30 Jan, 2017 12:00am

Greek, Turkish warships in brief faceoff near Greek islets

Greek and Turkish warships were involved Sunday in a brief faceoff near a group of disputed Greek islets in the Aegean, coinciding with renewed tensions between Athens and Ankara. The Greek defence ministry said a Turkish navy missile boat, "along with tw

Published 30 Jan, 2017 12:00am

International Customs Day celebrated

Pakistan Customs, being the member of World Customs Organisation (WCO), celebrated International Customs Day, on 26th Jan, 2017, with International Customs fraternity.

Published 30 Jan, 2017 12:00am

Khattak asks people to raise voice against status quo

Chief Minister of Khyber Pakhtunkhwa Pervez Khattak has urged upon the people to play their due role in protecting the country from destruction and raise voice against status quo for continuation of the process of change. Addressing a public meeting at Zi

Published 30 Jan, 2017 12:00am

Bizenjo demands to delay census in KP, Balochistan

Federal Minister for Ports and Shipping, Mir Hasil Bizenjo has demanded off the federal government on Sunday to postpone census until non-nationals present in Balochistan and Khyber Pakhtunkhwa (KP) exit the country. Bizenjo has announced to take the matt

Published 30 Jan, 2017 12:00am

Services of former chairman FBR hailed

Chairman Senate Standing Committee on Finance and Revenue, Senator Saleem Mandviwalla has hailed the services of former Chairman Federal Board of Revenue (FBR) Nisar Muhammad Khan and acknowledged him for collecting a revenue target of Rs 3100 billion dur

Published 30 Jan, 2017 12:00am

Minor dispute claims three lives in Nowshera

At least three people were shot dead on Sunday after an exchange of argument during children's cricket match in Nowshera. According to details, children were playing cricket when the players indulged into a brawl over a trivial disagreement in Dag Behsood

Published 30 Jan, 2017 12:00am

Blogger Aasim Saeed leaves country: family

Blogger Aasim Saeed who went missing earlier this month has been found but has quickly left the country fearing for his life, his family said on Sunday. Saeed's father said his son was detained by "state agencies" while visiting Pakistan from Singapore, t

Published 30 Jan, 2017 12:00am

JI has potential to bring Islamic revolution in country: Siraj

Amir Jamaat-e-Islami Sirajul Haq on Sunday said that only corruption was prevalent in the country, saying that rulers are voted to power to serve the masses not to rule them.

Published 30 Jan, 2017 12:00am

KP NAB arrests five ZTBL officials

The National Accountability Bureau (NAB) Khyber Pakhtunkhwa on Sunday arrested five officials of Zarai Taraqiati Bank (ZTBL) over alleged involvement in the misuse of authority and embezzlement of Rs 220 million funds.

Published 30 Jan, 2017 12:00am

Two injured in cylinder blast

At least two people were seriously injured due to a cylinder blast in a steel factory in Shakas area of Jamrud tehsil Khyber Agency. Officials of political administration Jamrud tehsil said that the Steel factory caught fire after cylinder blast and two l

Published 30 Jan, 2017 12:00am

Mandviwalla meets Khattak

Member NFC Sindh Senator Saleem Mandviwalla has met with the Chief Minister (CM) Khyber Pakhtunkhwa Pervaiz Khattak to discuss the formula of new NFC award, in Islamabad.

Published 30 Jan, 2017 12:00am

Outcome of 2018 polls in urban centres to be performance-based: survey

The outcome of the 2018 general elections in urban centres would be performance-based, like the outcome of 2013 elections which witnessed a change from traditional to non-traditional voting patterns in the urban centres.

Published 30 Jan, 2017 12:00am

US scientists raise bar for sea level by 2100

In the last days of Barack Obama's administration, US government scientists warned even more sea level rise is expected by century's end than previously estimated, due to rapid ice sheet melting at the poles. The report by the National Oceanic and Atmosph

Published 30 Jan, 2017 12:00am

Does depression boost the risk of cancer death?

People who are frequently depressed or anxious may run a higher risk of dying from certain types of cancer, researchers said on Thursday.

Published 30 Jan, 2017 12:00am

Meteorites did not enrich ocean life: study

An explosion of ocean life some 471 million years ago was not sparked by a meteorite bombardment of Earth, said a study on Tuesday that challenges a leading theory.

Published 30 Jan, 2017 12:00am

New Alzheimer's drug compound 'worth investigating'

A new approach to slowing the ravages of Alzheimer's disease has shown promise in early studies on mice and monkeys, and is "worth investigating" in humans, US scientists said on Wednesday.

Published 30 Jan, 2017 12:00am

Cervical cancer gene discovery may boost remedy quest

Cervical cancer comes in subtypes, said a study on Monday that may boost the quest for life-saving treatments for a disease experts said is killing more women than previously thought.

Published 30 Jan, 2017 12:00am

Climate-ravaged corals recover poorly: study

Coral reefs that survive rapid bleaching fuelled by global warming remain deeply damaged, with little prospect of full recovery, researchers said on Wednesday. Sixteen years after the 1998 El Nino ravaged coral in the Indian Ocean's Seychelles archipelago

Published 30 Jan, 2017 12:00am

Proliferation of bird flu outbreaks raises risk of human pandemic

The global spread of bird flu and the number of viral strains currently circulating and causing infections have reached unprecedented levels, raising the risk of a potential human outbreak, according to disease experts.

Published 30 Jan, 2017 12:00am

Software as good as doctors at diagnosing skin cancer

Image-scanning software developed at Stanford University can distinguish deadly skin cancers from benign ones as accurately as top dermatologists, according to a study published Wednesday.

Published 30 Jan, 2017 12:00am

Singapore 2G switchoff highlights digital divide

When Singapore pulls the plug on its 2G mobile phone network this year, thousands of people could be stuck without a signal - digital have-nots left behind by the relentless march of technology. From technophobic pensioners to cash-strapped migrant worker

Published 30 Jan, 2017 12:00am

Paris experiments with driverless buses

Paris began its first experiment with driverless buses on Monday, with city officials saying they were eager to prepare for the coming "revolution" of autonomous vehicles. Two box-shaped electric vehicles capable of carrying around 10 people have been dep

Published 30 Jan, 2017 12:00am

Cisco buys app performance tuning start-up for $3.7 billion

Cisco Systems on Tuesday announced a $3.7 billion deal to buy a start-up specialising in improving the performance of applications, continuing to expand beyond computer networking hardware. The acquisition of AppDynamics came as the San Francisco-based st

Published 30 Jan, 2017 12:00am

Facebook tunes trending topics to better deliver news

Under pressure to stymie the spread of fake news, Facebook on Wednesday modified its system for showing trending topics. The leading social network said that instead of simply showing a topic, it will include headlines from articles about the trending sub

Published 30 Jan, 2017 12:00am

Your cable company wants to be your phone company, too

Your TV provider may soon become your phone company, which seems only fair, because your phone company also wants to be your TV provider.

Published 30 Jan, 2017 12:00am

Brits, Czechs claim world's most powerful 'super laser'

A team of British and Czech scientists on Tuesday said they had successfully tested a "super laser" they claim is 10 times more powerful than any other of its kind on the planet. The so-called "high peak power laser" has a 1,000-watt average power output,

Published 30 Jan, 2017 12:00am

Currency

Maruti Suzuki third quarter profit soars on sales of pricier cars

Maruti Suzuki India, the country's top-selling car maker, posted a 48 percent rise in quarterly profit as demand for its pricier vehicles such as the Brezza crossover offset a cooling of overall sales growth caused by India's demonetisation move.

Published 30 Jan, 2017 12:00am

Currency

Maruti Suzuki third quarter profit soars on sales of pricier cars

Maruti Suzuki India, the country's top-selling car maker, posted a 48 percent rise in quarterly profit as demand for its pricier vehicles such as the Brezza crossover offset a cooling of overall sales growth caused by India's demonetisation move.

Published 30 Jan, 2017 12:00am

Currency

EBay holiday-quarter revenue up 3.1 percent

EBay Inc reported a 3.1 percent rise in revenue for the fourth-quarter holiday period, offering signs of improvement at the company's traditional marketplace business and sending shares up more than 8 percent in extended trading on Wednesday.

Published 30 Jan, 2017 12:00am

Verizon reports 5.6 percent fall in quarterly revenue

Verizon Communications Inc, whose deal to buy Yahoo Inc's core assets has been cast into doubt by data breaches at the internet company, reported a 5.6 percent fall in quarterly revenue on Tuesday as it struggles to fend off rivals in a maturing US wirele

Published 30 Jan, 2017 12:00am

Verizon reports 5.6 percent fall in quarterly revenue

Verizon Communications Inc, whose deal to buy Yahoo Inc's core assets has been cast into doubt by data breaches at the internet company, reported a 5.6 percent fall in quarterly revenue on Tuesday as it struggles to fend off rivals in a maturing US wirele

Published 30 Jan, 2017 12:00am

Ryanair to unveil more routes from Frankfurt

Irish low-cost carrier Ryanair will announce by around late March how much it will step up its service from Lufthansa's home hub of Frankfurt, Chief Marketing Office Kenny Jacobs told Reuters.

Published 30 Jan, 2017 12:00am

Barclays to make Dublin its EU headquaters after Brexit

Barclays is preparing to make Dublin its EU headquarters for when Britain leaves the European Union, according to a source familiar with the matter on Thursday. Global banks and insurers have begun signalling how they will put plans into action to cope wi

Published 30 Jan, 2017 12:00am

Currency

SAP nudges up multi-year outlook after posting in-line 2016 results

SAP, Europe's most valuable technology firm, on Tuesday posted 2016 results on the lower side of analysts' expectations, while edging up its 2017 sales and profit guidance and signalling slightly higher revenue ambitions four years out.

Published 30 Jan, 2017 12:00am

Discounts drive Hyundai profit to five-year low, uncertain 2017 ahead

Hyundai Motor fell far short of estimates with its lowest quarterly profit in about five years, hurt by the cost of steep discounts on small sedans, and cautioned it expected more uncertainty ahead as competition and protectionism increase.

Published 30 Jan, 2017 12:00am

Discounts drive Hyundai profit to five-year low, uncertain 2017 ahead

Hyundai Motor fell far short of estimates with its lowest quarterly profit in about five years, hurt by the cost of steep discounts on small sedans, and cautioned it expected more uncertainty ahead as competition and protectionism increase.

Published 30 Jan, 2017 12:00am

DIB fourth quarter net profit rises 58.4 percent

Dubai Islamic Bank (DIB), the United Arab Emirates' largest sharia-compliant lender, posted a 58.4 percent increase in fourth-quarter net profit on Wednesday, beating analysts' forecasts by a considerable margin. The bank made 1.37 billion dirhams ($373 m

Published 30 Jan, 2017 12:00am

Alcoa beats revenue estimates in first quarter

Alcoa Corp reported higher-than-expected revenue in its first quarterly results after the metals company split into two in November, helped partly by a rise in alumina prices. The producer of aluminum, alumina and bauxite also said it expects a 4 percent

Published 30 Jan, 2017 12:00am

Farhan Mehboob takes Senior Squash title

World No 66 Farhan Mehmoob defeated his younger brother ranked 168 in the world in the final of the National Senior Squash Championship organised by KP Squash Association here at PAF Hashim Khan Squash Complex on Sunday. Air Vice Marshal Muhammad Athar Sh

Published 30 Jan, 2017 12:00am

Celtic break 'Lisbon Lions' record in Hearts win

Scott Sinclair scored twice as Celtic surpassed a 50-year-old club record in style with a 4-0 thrashing of Hearts on Sunday to extend their unbeaten domestic run to 27 matches.

Published 30 Jan, 2017 12:00am

Barca denied by ghost goal despite Suarez leveler

Barcelona's La Liga title challenge suffered a huge blow as the Spanish champions were controversially held 1-1 at Real Betis despite Luis Suarez's last minute equaliser on Sunday. Aleix Alegria gave Betis the lead their dominance deserved 15 minutes from

Published 30 Jan, 2017 12:00am

Millwall and Fulham give underdogs bite in FA Cup

A goal by former Wales international Steve Morison secured third tier Millwall a deserved 1-0 victory over Premier League Watford in the FA Cup fourth round on Sunday. It was Millwall's second successive top level scalp after eliminating Bournemouth in th

Published 30 Jan, 2017 12:00am

Payet gets his dream move back to Marseille

France international Dimitri Payet's long drawn out transfer saga ended on Sunday as Premier League side West Ham agreed to sell him to Ligue 1 outfit Marseille for a reported £25million (29.3m euros, $31.3m). The 29-year-old - who starred for the Hammers

Published 30 Jan, 2017 12:00am

Boxing: Santa Cruz turns tables on Frampton to claim WBA belt

Leo Santa Cruz reclaimed the World Boxing Association featherweight world title Saturday, handing Carl Frampton the first defeat of his career and avenging his 2016 loss to the Northern Ireland star. In an explosive rematch that lived up to their bruising

Published 30 Jan, 2017 12:00am

Big Bash smashes records

Records have tumbled for the Twenty20 Big Bash League, with Cricket Australia saying Sunday the enormous crowds and viewership for the fast-paced format this season has surpassed expectations. The Big Bash is in its sixth season and has used a blend of sp

Published 30 Jan, 2017 12:00am

Wang wins tense Qatar Masters in play-off

South Korea's Wang Jeung-Hun squandered an overnight three-shot lead but held his nerve to win a thrilling Qatar Masters in a tense, three-way play-off on Sunday. Wang holed a five foot putt on the first play-off hole to secure a hard-fought victory over

Published 30 Jan, 2017 12:00am

FATA beat Peshawar to win Divisional Basketball

FATA created history of winning National Inter-Division Basketball Championship after defeating Peshawar in a closely contestant final by 78-77 points played here at PSB Coaching Center on Sunday.

Published 30 Jan, 2017 12:00am

Japan's Watanabe sets breaststroke world record

Japan's Ippei Watanabe broke the men's 200 metres breaststroke world record on Sunday by becoming the first swimmer to go under two minutes, seven seconds. The 19-year-old clocked a time of 2:06.67 at the Kosuke Kitajima Cup in Tokyo, eclipsing the previo

Published 30 Jan, 2017 12:00am

Spears-Cabal win mixed doubles title

American Abigail Spears and Colombian partner Juan Sebastian Cabal swept to a first Grand Slam mixed doubles title Sunday with a straight-sets victory at the Australian Open. The unseeded pair beat the more experienced Indian-Croatian duo of Sania Mirza a

Published 30 Jan, 2017 12:00am

Federer wins Nadal thriller to clinch 18th Slam

Roger Federer defied age and his Grand Slam nemesis Rafael Nadal to win a record 18th Grand Slam title in a thrilling, five-set final at the Australian Open on Sunday. Federer, 35, won a classic encounter 6-4, 3-6, 6-1, 3-6, 6-3 to become the oldest major

Published 30 Jan, 2017 12:00am

Czech finance minister to transfer his businesses to trust fund, complain to EU

Czech Finance Minister Andrej Babis said on Sunday he would transfer his assets a trust fund to comply with new conflict-of- interest legislation, but would also challenge the rules with the European Commission.

Published 30 Jan, 2017 12:00am

Eurozone bailout fund: Greek public debt is manageable

Greece's public debt can be manageable, the eurozone bailout fund said on Sunday, responding to a leaked report by the International Monetary Fund that the country's debt will explode to 275 percent of GDP by 2060.

Published 30 Jan, 2017 12:00am

Eurozone bailout fund: Greek public debt is manageable

Greece's public debt can be manageable, the eurozone bailout fund said on Sunday, responding to a leaked report by the International Monetary Fund that the country's debt will explode to 275 percent of GDP by 2060.

Published 30 Jan, 2017 12:00am

Bangladesh central bank keeps policy rate unchanged, sees inflation below target

Bangladesh's central bank kept its key policy interest rates unchanged on Sunday, the bank's governor said, citing overall macroeconomic stability and a steady inflation outlook.

Published 30 Jan, 2017 12:00am

New wave of robots set to deliver the goods

The robots of the future will be coming soon, rolling along at a lumbering pace with those goods you just ordered. The six-wheeled, knee-high robots from start-up Starship Technologies are part of a new wave of automated systems taking aim at the "last mi

Published 30 Jan, 2017 12:00am

Market permitting, Dubai Investments plans IPOs in 6-9 months: CEO

Dubai Investments, a diversified Dubai-based investment group, will press ahead with floating shares in subsidiary companies if a market rally extends over the next six to nine months, its chief executive said on Sunday.

Published 30 Jan, 2017 12:00am

Switzerland eyeing pro-Brexit trade deal with UK: minister

Switzerland's economy minister said Sunday he wants to have "background" talks with Britain so that a trade deal can be in place as soon as the UK leaves the European Union. "My objective is clear. Not one day should pass after Britain's exit (from the EU

Published 30 Jan, 2017 12:00am

Microsoft's market value tops $500 billion again after 17 years

Microsoft Corp's market capitalisation topped $500 billion for the first time since 2000 on Friday, after the technology giant's stock rose following another quarter of results that beat Wall Street's expectations.

Published 30 Jan, 2017 12:00am

EU farm chief calls for cut in subsidies after Brexit

The European Union needs to reduce subsidies as part of pending reforms to cope with an expected 3 billion euro drop in the EU's agriculture budget once Britain leaves the bloc, EU farm chief Phil Hogan was quoted as saying on Saturday.

Published 30 Jan, 2017 12:00am

Australia's banks announce reforms amid consumer backlash

Australia's biggest banks announced on Sunday a $1 billion ($754.6 million) investment in a new system to allow real-time transfers and payments as part of reforms aimed at appeasing public dissatisfaction with the financial system.

Published 30 Jan, 2017 12:00am

Currency

Ruble's revival gives Russia an unexpected headache

It was a step that seemed unimaginable a year ago: the Russian authorities stepping in to stop the country's currency from getting too strong. Back in January 2016 the ruble hit a record low of 85 to the dollar as a combination of plunging oil prices and

Published 30 Jan, 2017 12:00am

Indonesia bourse to issue new regulations on margin trading

The Indonesia Stock Exchange (IDX) will issue new regulations in February to expand margin trading on the bourse, a senior official at the country's capital market regulator told reporters last Monday.

Published 30 Jan, 2017 12:00am

Egypt expects to raise $4 billion in Eurobond sale

Egypt will sell $4 billion of Eurobonds in three tranches, raising twice as much as targeted when it began a roadshow last week, and at lower yields than initially expected, bankers involved in the deal said on Tuesday.

Published 30 Jan, 2017 12:00am

Egypt expects to raise $4 billion in Eurobond sale

Egypt will sell $4 billion of Eurobonds in three tranches, raising twice as much as targeted when it began a roadshow last week, and at lower yields than initially expected, bankers involved in the deal said on Tuesday.

Published 30 Jan, 2017 12:00am

UK draws record demand at 4.5 billion stg launch of new 40-year gilt

Britain sold 4.5 billion pounds ($5.6 billion) of a new 40-year bond on Tuesday after receiving record orders in a syndication, adding to signs that investors have taken the country's decision to leave the European Union in their stride. Dealers and inves

Published 30 Jan, 2017 12:00am

UK draws record demand at 4.5 billion stg launch of new 40-year gilt

Britain sold 4.5 billion pounds ($5.6 billion) of a new 40-year bond on Tuesday after receiving record orders in a syndication, adding to signs that investors have taken the country's decision to leave the European Union in their stride. Dealers and inves

Published 30 Jan, 2017 12:00am

Saudi, Kuwait bourses climb again as UAE, Qatar underperform

Middle East stock markets were mixed on Sunday as uptrends in Saudi Arabia and Kuwait continued to divert regional investors' money away from the United Arab Emirates and Qatar.

Published 30 Jan, 2017 12:00am

Stock research moves past PDFs as customers demand more for their money

With investment firms cutting costs and portfolio managers combating a barrage of information, financial research shops around the globe are looking for new ways to keep their product relevant. A raft of start-ups have launched to support that effort, off

Published 30 Jan, 2017 12:00am

Bangladesh's interbank forex rates

Interbank buy/sell rates for the taka against the dollar on Sunday. 79.05-79.05 (previous 79.03-79.05).

Published 30 Jan, 2017 12:00am

Currency

Canadian dollar to weaken this year

The Canadian dollar will weaken against its US counterpart this year, pressured by trade agreement uncertainty and probable monetary policy divergence between the Federal Reserve and the Bank of Canada, a Reuters poll found on Friday.

Published 30 Jan, 2017 12:00am

Currency

South Korea, Malaysia to extend currency swap deal

South Korea's central bank said on Wednesday it agreed with its Malaysian counterpart to extend an existing currency swap agreement between the two countries.

Published 30 Jan, 2017 12:00am

US profit growth pickup could justify Wall Street rally

US companies are set to report their strongest profit growth in two years, which could go a long way toward justifying Wall Street's record-breaking rally, say stock investors who anticipate many companies will top expectations Fresh from a year-long decl

Published 30 Jan, 2017 12:00am

Currency

Czech central bank says investors may get burnt on crown bets

Investors betting on a jump in the Czech crown after the central bank scraps its cap on the currency this year may get burned as they are holding large long positions in shallow markets, central bank vice-governor Vladimir Tomsik said.

Published 30 Jan, 2017 12:00am

Currency	Rate
USD PKR Interbank Selling / Oct 10	277.92
USD PKR Interbank Buying / Oct 10	277.72
USD to Japanese Yen / Oct 10	149.18
USD to Swiss Franc / Oct 10	0.86
Pound Sterling to USD / Oct 10	1.31
Euro to USD / Oct 10	1.09

Stock	Volume
S&P 500 / Oct 10	5,792.04
India Sensex / Oct 10	81,467.10
Tokyo Nikkei / Oct 10	39,277.96
Nasdaq / Oct 10	18,291.62
Hang Seng / Oct 10	20,637.24
FTSE 100 / Oct 10	8,243.74
Dow Jones / Oct 10	42,512
Germany DAX 30 / Oct 10	19,254.93

Item	Value
Karachi Cotton PKR/37.32 KG / Oct 9	17,985
Petrol/Litre / Oct 10	247.03
Crude Oil USD/Barrel / Oct 10	73.24
Gold 10 Grams PKR / Oct 10	236,197
Gold Spot USD/Ounce / Oct 10	2,607.77
Diesel/Litre / Oct 10	246.29

Stock	Price
786 Invest Ltd / Oct 10 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Oct 10 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Oct 10 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Oct 10 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Oct 10 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Oct 10 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Oct 10 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Oct 10 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Oct 10 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Oct 10 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Oct 10 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Oct 10 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Oct 10 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Oct 10 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Oct 10 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Oct 10 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Oct 10 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Oct 10 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Oct 10 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Oct 10 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Oct 10 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Oct 10 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Oct 10 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Oct 10 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Oct 10 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Oct 10 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Oct 10 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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