News Archives for Print - 2017-02-06 - Business Recorder

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Print - 2017-02-06

Messaging startup Slack launches new product to power big businesses

Messaging startup Slack launches new product to power big businesses

Slack Technologies Inc, a Silicon Valley messaging and collaboration software company, is making a strong push to expand its business by selling technology to some of the largest corporations in the country.

Published 06 Feb, 2017 12:00am

KMC will start property survey to streamline tax recovery: Waseem

KMC will start property survey to streamline tax recovery: Waseem

Karachi Metropolitan Corporation (KMC) is about to initiate a survey encompassing all categories of properties so as to expedite and streamline recovery of Municipal Utility Tax (MUT) in the metropolis.

Published 06 Feb, 2017 12:00am

Daimler to supply self-driving cars for Uber

Daimler to supply self-driving cars for Uber

German auto giant Daimler on Tuesday said it had struck a partnership with Uber to supply self-driving cars for the US ride-hailing company.

Published 06 Feb, 2017 12:00am

Saleem Shehzad to return home within 48 hours

Saleem Shehzad to return home within 48 hours

Muttahida Qaumi Movement's (MQM) self-exiled leader Saleem Shahzad on Sunday announced to return to Pakistan. Saleem made the announcement through a message on social media site Twitter. Shehzad said that he would be in Pakistan within next 48 hours. A le

Published 06 Feb, 2017 12:00am

Facebook's Oculus ordered to pay $500 million in suit on stolen tech

Facebook's Oculus ordered to pay $500 million in suit on stolen tech

A US jury Wednesday ordered Facebook and creators of its Oculus Rift to pay $500 million to gaming software firm ZeniMax in a lawsuit that claimed the virtual reality technology was stolen.

Published 06 Feb, 2017 12:00am

Kashmir Solidarity Day: various political, religious parties organise rallies

Kashmir Solidarity Day: various political, religious parties organise rallies

Political parties, human rights activists and civil society members held demonstrations on the 'Kashmir Solidarity Day', expressing their full support for the people of Indian Occupied Kashmir struggling for freedom and self determination.

Published 06 Feb, 2017 12:00am

First blueprint for a massive quantum computer unveiled

First blueprint for a massive quantum computer unveiled

Global scientists Wednesday unveiled the first blueprint for a massive quantum computer that could be as large as a football pitch and offers hope of solving the world's most vexing problems.

Published 06 Feb, 2017 12:00am

Politics of sit-ins delayed development projects: Shahbaz

Politics of sit-ins delayed development projects: Shahbaz

Punjab Chief Minister Shehbaz Sharif on Sunday said negative politics of sit-ins delayed development projects in the country.

Published 06 Feb, 2017 12:00am

Yahoo delays sale of core business to Verizon

Yahoo delays sale of core business to Verizon

Yahoo said Monday its $4.8 billion deal to sell its core internet assets to US telecom titan Verizon has been delayed several months. The closing originally set for this quarter has been pushed into next quarter due to "work required to meet closing condi

Published 06 Feb, 2017 12:00am

Model United Nations conference: Students at NUST successfully conduct fifth edition

Model United Nations conference: Students at NUST successfully conduct fifth edition

The students at the National University of Sciences and Technology (NUST) successfully conducted the fifth edition of the NUST International Model United Nations conference from February 2 to 5.

Published 06 Feb, 2017 12:00am

Harley Davidson slumps

Harley Davidson slumps

Harley-Davidson on Tuesday revealed gloomy sales ahead after soft results last year, due to weakness in its home market despite the ascendancy of President Donald Trump's "America First" agenda. The chief of the iconic motorcycle brand said he hopes to tu

Published 06 Feb, 2017 12:00am

Sun of independence will dawn soon in Kashmir: JI chief

Sun of independence will dawn soon in Kashmir: JI chief

Chief of Jamaat-e-Islami, Senator Sirajul Haq, declared that the sun of independence would dawn soon in Kashmir and the Pakistan flag would fly over Srinagar. While addressing a huge Kashmir March on the Mall Road in the provincial capital on the Kashmir

Published 06 Feb, 2017 12:00am

Apple to start making iPhones in India

Apple to start making iPhones in India

Apple is to start making iPhones in India this year, a local government official said Friday, as the company seeks to tap into a booming middle class while sales in China slow. Karnataka's IT minister said Apple had agreed to assemble its hugely popular p

Published 06 Feb, 2017 12:00am

Pasha disputes Dar's claim

Pasha disputes Dar's claim

Former Advisor to Prime Minister on Finance Dr Hafeez Pasha expressed reservations over the claim made by Finance Minister Ishaq Dar that the Pakistan's economy was moving towards improvement.

Published 06 Feb, 2017 12:00am

GSMA outlines new developments for 2017 Mobile World Congress

GSMA outlines new developments for 2017 Mobile World Congress

The GSMA has provided further updates on the 2017 Mobile World Congress, announcing newly confirmed keynote speakers for the conference, as well as additional programmes and participating companies. Mobile World Congress will be held 27 February 2 March 2

Published 06 Feb, 2017 12:00am

Pasha disputes Dar's claim

Pasha disputes Dar's claim

Former Advisor to Prime Minister on Finance Dr Hafeez Pasha expressed reservations over the claim made by Finance Minister Ishaq Dar that the Pakistan's economy was moving towards improvement.

Published 06 Feb, 2017 12:00am

JAL sees profits fall, leaves full-year forecast unchanged

JAL sees profits fall, leaves full-year forecast unchanged

Japan Airlines on Tuesday said net profit dropped in the nine months to December due to a slump in income from international flights, but the carrier left its full-year forecast unchanged. JAL posted a net profit of 108.3 billion yen ($955 million), down

Published 06 Feb, 2017 12:00am

WHO and FBR working on proposals relating to tobacco taxation

WHO and FBR working on proposals relating to tobacco taxation

World Health Organisation (WHO) and Federal Board of Revenue (FBR) are jointly working on proposals relating to tobacco taxation, Federal excise duty (FED) assessment on cigarettes and control of illicit tobacco trade in Pakistan.

Published 06 Feb, 2017 12:00am

Vodafone Qatar posts narrower Q3 loss

Vodafone Qatar posts narrower Q3 loss

Vodafone Qatar, an affiliate of Vodafone Group, reported a narrower third-quarter loss on Tuesday. The telecoms operator made a net loss of 31 million riyals ($8.3 million) in the three months to December 31, the company said in a release. That compares w

Published 06 Feb, 2017 12:00am

WHO and FBR working on proposals relating to tobacco taxation

WHO and FBR working on proposals relating to tobacco taxation

World Health Organisation (WHO) and Federal Board of Revenue (FBR) are jointly working on proposals relating to tobacco taxation, Federal excise duty (FED) assessment on cigarettes and control of illicit tobacco trade in Pakistan.

Published 06 Feb, 2017 12:00am

Canon sees first profit gain in three years

Canon sees first profit gain in three years

Japanese camera and printer maker Canon Inc forecast full-year operating profit to climb 11.4 percent, its first rise in three years, bolstered by earnings from a medical equipment unit it bought from Toshiba Corp last year.

Published 06 Feb, 2017 12:00am

WHO and FBR working on proposals relating to tobacco taxation

WHO and FBR working on proposals relating to tobacco taxation

World Health Organisation (WHO) and Federal Board of Revenue (FBR) are jointly working on proposals relating to tobacco taxation, Federal excise duty (FED) assessment on cigarettes and control of illicit tobacco trade in Pakistan.

Published 06 Feb, 2017 12:00am

Citigroup to exit US mortgage servicing operations by 2018

Citigroup to exit US mortgage servicing operations by 2018

Citigroup Inc said on Monday it would speed up the transformation of its US mortgage business by exiting servicing operations by the end of 2018. Citi said it would sell its mortgage servicing rights on about 780,000 Fannie Mae and Freddie Mac loans of no

Published 06 Feb, 2017 12:00am

Justice Azmat discharged from hospital

Justice Azmat discharged from hospital

Justice Azmat Saeed was discharged from Armed Forces Institute of Cardiology (AFIC) on Sunday after he underwent a successful angioplasty last week. Justice Saeed, who is part of five-member larger bench Supreme Court hearing Panama leaks case, was admitt

Published 06 Feb, 2017 12:00am

Roche 2017 profit growth won't outstrip sales, commits to diabetes

Roche 2017 profit growth won't outstrip sales, commits to diabetes

Roche on Wednesday forecast profit growth would not outstrip sales in 2017 as the world's top cancer drugmaker increases spending on new products it hopes will offset declines in ageing biotech medicines now going off patent. The Swiss drugmaker dismissed

Published 06 Feb, 2017 12:00am

Justice Azmat discharged from hospital

Justice Azmat discharged from hospital

Justice Azmat Saeed was discharged from Armed Forces Institute of Cardiology (AFIC) on Sunday after he underwent a successful angioplasty last week. Justice Saeed, who is part of five-member larger bench Supreme Court hearing Panama leaks case, was admitt

Published 06 Feb, 2017 12:00am

Roche 2017 profit growth won't outstrip sales, commits to diabetes

Roche 2017 profit growth won't outstrip sales, commits to diabetes

Roche on Wednesday forecast profit growth would not outstrip sales in 2017 as the world's top cancer drugmaker increases spending on new products it hopes will offset declines in ageing biotech medicines now going off patent. The Swiss drugmaker dismissed

Published 06 Feb, 2017 12:00am

Prime Minister urges India to allow free, fair plebiscite in IHK

Prime Minister urges India to allow free, fair plebiscite in IHK

Prime Minister Nawaz Sharif has urged India to stop bloodbath in the Occupied Jammu and Kashmir and allow holding of free and fair plebiscite under the auspices of the United Nations.

Published 06 Feb, 2017 12:00am

Dubai's Aramex fourth quarter profit more than doubles

Dubai's Aramex fourth quarter profit more than doubles

Dubai-based courier Aramex said on Monday it was cautious in its outlook due to global economic uncertainties after reporting a 129 percent jump in fourth-quarter net profit. The company's net profit rose to 131.8 million dirhams ($35.88 million) in the t

Published 06 Feb, 2017 12:00am

Prime Minister urges India to allow free, fair plebiscite in IHK

Prime Minister urges India to allow free, fair plebiscite in IHK

Prime Minister Nawaz Sharif has urged India to stop bloodbath in the Occupied Jammu and Kashmir and allow holding of free and fair plebiscite under the auspices of the United Nations.

Published 06 Feb, 2017 12:00am

Mizuho's third quarter profit rises on one-time gain

Mizuho's third quarter profit rises on one-time gain

Mizuho Financial Group on Tuesday reported an 8.3 percent rise in its quarterly net profit as it booked a one-time gain from the reorganisation of its asset management business, although lower lending income continued to drag on its results.

Published 06 Feb, 2017 12:00am

Turkey detains 450 IS suspects in nationwide sweep

Turkey detains 450 IS suspects in nationwide sweep

Turkish police on Sunday detained almost 450 suspected Islamic State group members in nationwide raids just over a month after an attack on an Istanbul night-club claimed by the jihadists. Security forces rounded up 448 suspects, the state-run Anadolu new

Published 06 Feb, 2017 12:00am

Lufthansa sees rapid growth of Gulf airlines slowing

Lufthansa sees rapid growth of Gulf airlines slowing

Lufthansa believes the rapid growth phase of Gulf airlines is coming to end, which could help to ease some of the pressure in a highly competitive industry, its chief executive said on Wednesday. Speaking after signing catering and maintenance deals with

Published 06 Feb, 2017 12:00am

Turkey detains 450 IS suspects in nationwide sweep

Turkey detains 450 IS suspects in nationwide sweep

Turkish police on Sunday detained almost 450 suspected Islamic State group members in nationwide raids just over a month after an attack on an Istanbul night-club claimed by the jihadists. Security forces rounded up 448 suspects, the state-run Anadolu new

Published 06 Feb, 2017 12:00am

Manchester City moved up to third

Manchester City moved up to third

Gabriel Jesus scored twice, including a 92nd-minute winner, as Manchester City climbed to third in the Premier League with a 2-1 victory against a dogged Swansea City on Sunday. Jesus, preferred again to top scorer Sergio Aguero, poked home to break Swans

Published 06 Feb, 2017 12:00am

Russian Energy Minister due on January 8

Russian Energy Minister due on January 8

Russian Energy Minister will pay a visit to Pakistan on 8th of Feb, 2017 to discuss and sort out the difficulties with Pakistani officials in the implementation of Lahore-Gas pipeline. According to a private TV channel, the visit of the Russian energy min

Published 06 Feb, 2017 12:00am

Chelsea crush Arsenal and Liverpool lose

Chelsea crush Arsenal and Liverpool lose

Chelsea moved another step towards regaining the Premier League title with a 3-1 drubbing of Arsenal in the table-topping London derby at Stamford Bridge on Saturday as only Tottenham Hotspur maintained their distant pursuit of the leaders.

Published 06 Feb, 2017 12:00am

Russian Energy Minister due on January 8

Russian Energy Minister due on January 8

Russian Energy Minister will pay a visit to Pakistan on 8th of Feb, 2017 to discuss and sort out the difficulties with Pakistani officials in the implementation of Lahore-Gas pipeline. According to a private TV channel, the visit of the Russian energy min

Published 06 Feb, 2017 12:00am

Boult helps New Zealand take series

Boult helps New Zealand take series

A six-wicket haul for Trent Boult and a Ross Taylor century brought New Zealand a 24-run victory over Australia in the third one-day international Sunday to win the series 2-0.

Published 06 Feb, 2017 12:00am

Russian Energy Minister due on January 8

Russian Energy Minister due on January 8

Russian Energy Minister will pay a visit to Pakistan on 8th of Feb, 2017 to discuss and sort out the difficulties with Pakistani officials in the implementation of Lahore-Gas pipeline. According to a private TV channel, the visit of the Russian energy min

Published 06 Feb, 2017 12:00am

Olympia take Rafi Group Polo Cup

Olympia take Rafi Group Polo Cup

Olympia beat Ahsan & Co by 5-41/2 in the final to clinch the Rafi Group Polo Cup here at the Lahore Polo Club (LPC) ground on Sunday. Ahmed Ali Tiwana was hero of the day as he hammered tremendous three goals in his team's title triumph and also named as

Published 06 Feb, 2017 12:00am

Political novice to become next head of Indian state

Political novice to become next head of Indian state

A former video cassette seller with close ties to Tamil Nadu's late leader will become the next chief minister of the Indian state, capping a remarkable rise for the political novice. The ruling party in the southern state announced Sunday that VK Sasikal

Published 06 Feb, 2017 12:00am

India's cricket board rejects proposal to trim revenue

India's cricket board rejects proposal to trim revenue

India has voted against a proposed shake-up of cricket's global governing body that threatens its influence as one of the game's "Big Three" powers along with Australia and England. The Board of Control for Cricket in India rejected a proposal to radicall

Published 06 Feb, 2017 12:00am

Aziz invites Bahraini businessmen to invest

Aziz invites Bahraini businessmen to invest

Foreign Minister of the Kingdom of Bahrain, Shaikh Khalid Bin Ahmed Mohammed Al Khalifa arrived on Sunday along with a high-level delegation, to co-chair the inaugural session of Pakistan-Bahrain Joint Ministerial Commission with Sartaj Aziz, Adviser to t

Published 06 Feb, 2017 12:00am

Messi collects another record as Barca sink Athletic Bilbao

Messi collects another record as Barca sink Athletic Bilbao

La Liga champions Barcelona stayed on the heels of leaders Real Madrid by coasting to a 3-0 home win over Athletic Bilbao on Saturday as Lionel Messi became the club's top scorer from free kicks.

Published 06 Feb, 2017 12:00am

Pakistan thanks India after Kashmiri boy reunited with mother

Pakistan thanks India after Kashmiri boy reunited with mother

Pakistan has sent a rare message of thanks to India after a five-year-old boy who was taken to India by his father nearly a year ago was reunited with his Pakistani mother. Ifthikar Ahmed was handed over to Rohina Kiani by border officials in the town of

Published 06 Feb, 2017 12:00am

South Africa rout Sri Lanka by seven wickets

South Africa rout Sri Lanka by seven wickets

South Africa routed Sri Lanka by seven wickets to take the third one-day international at the Wanderers on Saturday in a match held up for an hour after bees swarmed onto the famous arena. The hosts also took a winning 3-0 lead in the five-match series af

Published 06 Feb, 2017 12:00am

PSM liabilities: CCoP seeks more details

PSM liabilities: CCoP seeks more details

Cabinet Committee on Privatisation (CCoP) has reportedly sought further details of Pakistan Steel Mills (PSM) liabilities prior to proceeding further with sell off/ leasing plan, well-informed sources told Business Recorder.

Published 06 Feb, 2017 12:00am

Noah targets French Davis glory after Japan win

Noah targets French Davis glory after Japan win

France captain Yannick Noah said his team could go on to lift the Davis Cup after wrapping up a 4-1 first-round victory over Japan on Sunday. Entering the final day's reverse singles in Tokyo with an unassailable 3-0 lead, the nine-time champions chose to

Published 06 Feb, 2017 12:00am

PSM liabilities: CCoP seeks more details

PSM liabilities: CCoP seeks more details

Cabinet Committee on Privatisation (CCoP) has reportedly sought further details of Pakistan Steel Mills (PSM) liabilities prior to proceeding further with sell off/ leasing plan, well-informed sources told Business Recorder.

Published 06 Feb, 2017 12:00am

Svitolina claims Taiwan Open title

Svitolina claims Taiwan Open title

Top seed Elina Svitolina of Ukraine won the Taiwan Open Sunday after beating China's Shuai Peng in a convincing victory. The world ranked number 13 defeated her opponent in straight sets 6-3, 6-2, clinching her fifth WTA singles title. The Ukrainian, who

Published 06 Feb, 2017 12:00am

PSM liabilities: CCoP seeks more details

PSM liabilities: CCoP seeks more details

Cabinet Committee on Privatisation (CCoP) has reportedly sought further details of Pakistan Steel Mills (PSM) liabilities prior to proceeding further with sell off/ leasing plan, well-informed sources told Business Recorder.

Published 06 Feb, 2017 12:00am

Iran earn consolation Davis Cup wins against Pakistan

Iran earn consolation Davis Cup wins against Pakistan

Iran on Sunday registered back-to-back consolation victories against hosts Pakistan on the final day of their Davis Cup Group II Asia-Oceania zone match. Pakistan, hosting international tennis after a 12-year hiatus, had already won the tie by taking the

Published 06 Feb, 2017 12:00am

Shujaat and Musharraf discuss situation

Shujaat and Musharraf discuss situation

Former Prime Minister and President Pakistan Muslim League-Q (PML-Q) Chaudhry Shujaat Hussain on Sunday called on former President General Pervez Musharraf (Retd). Sources said that Shujaat met the former military ruler in Dubai. During the meeting, overa

Published 06 Feb, 2017 12:00am

Britain too dependent on large housing developers: minister

Britain too dependent on large housing developers: minister

Britain's housing market is too dependent on large homebuilders, housing minister Gavin Barwell said on Sunday, speaking ahead of the launch of the government's latest attempt to fix a chronic shortage of new homes.

Published 06 Feb, 2017 12:00am

Shujaat and Musharraf discuss situation

Shujaat and Musharraf discuss situation

Former Prime Minister and President Pakistan Muslim League-Q (PML-Q) Chaudhry Shujaat Hussain on Sunday called on former President General Pervez Musharraf (Retd). Sources said that Shujaat met the former military ruler in Dubai. During the meeting, overa

Published 06 Feb, 2017 12:00am

Industries Qatar fourth quarter net profit falls 63 percent

Industries Qatar fourth quarter net profit falls 63 percent

Petrochemicals, metals and fertiliser producer Industries Qatar (IQ) posted a 63 percent drop in fourth-quarter net profit on Sunday, missing analysts' forecasts.

Published 06 Feb, 2017 12:00am

Equities remain volatile

Equities remain volatile

Pakistan Stock Exchange (PSX) remained under pressure during the outgoing week and the benchmark KSE-100 index declined by 407.94 points on week-on-week basis to close at 49,555.83 points.

Published 06 Feb, 2017 12:00am

UAE non-oil business growth at six-month high

UAE non-oil business growth at six-month high

Business activity growth in the United Arab Emirates' non-oil private sector rose to a six-month high in January because of a sharp increase in new orders, a corporate survey showed on Sunday.

Published 06 Feb, 2017 12:00am

Equities remain volatile

Equities remain volatile

Pakistan Stock Exchange (PSX) remained under pressure during the outgoing week and the benchmark KSE-100 index declined by 407.94 points on week-on-week basis to close at 49,555.83 points.

Published 06 Feb, 2017 12:00am

Egypt's foreign reserves rise to $26.363 billion

Currency

Egypt's foreign reserves rise to $26.363 billion

Egypt's net foreign reserves rose to $26.363 billion at the end of January from $24.265 billion at the end of December, the central bank said on Sunday. The country had roughly $36 billion in reserves before an uprising in 2011 ushered in a period of poli

Published 06 Feb, 2017 12:00am

Equities remain volatile

Equities remain volatile

Pakistan Stock Exchange (PSX) remained under pressure during the outgoing week and the benchmark KSE-100 index declined by 407.94 points on week-on-week basis to close at 49,555.83 points.

Published 06 Feb, 2017 12:00am

Egypt's non-oil business activity shrinks for 16th consecutive month

Currency

Egypt's non-oil business activity shrinks for 16th consecutive month

Business activity in Egypt shrank for the 16th consecutive month in January as record-high inflation pushed up prices charged by businesses and sent employment to a four-month low, a survey showed on Sunday.

Published 06 Feb, 2017 12:00am

15 killed as avalanches hit Chitral villages

15 killed as avalanches hit Chitral villages

At least 15 people including a Scout were killed as avalanches hit different villages of Chitral district on Sunday. Chitral Scouts Commandant Colonel Nizamuddin Shah told media persons that bodies of 15 people were taken out from the rubble in Sher Shal

Published 06 Feb, 2017 12:00am

Saudi Arabia's non-oil economy grows at fastest rate for 17 months in January: PMI

Saudi Arabia's non-oil economy grows at fastest rate for 17 months in January: PMI

Growth in Saudi Arabia's non-oil private sector accelerated to its fastest rate for 17 months in January as the government injected cash into the economy after a long period of austerity, a survey of companies showed on Sunday.

Published 06 Feb, 2017 12:00am

15 killed as avalanches hit Chitral villages

15 killed as avalanches hit Chitral villages

At least 15 people including a Scout were killed as avalanches hit different villages of Chitral district on Sunday. Chitral Scouts Commandant Colonel Nizamuddin Shah told media persons that bodies of 15 people were taken out from the rubble in Sher Shal

Published 06 Feb, 2017 12:00am

US refiners face weakening demand at pump for first time in five years

US refiners face weakening demand at pump for first time in five years

US refiners are facing the prospects of weakening gasoline demand for the first time in five years, stoking fears that earnings this year may be even worse than the dismal performances seen in 2016.

Published 06 Feb, 2017 12:00am

Pence warns Iran against testing Trump's resolve

Pence warns Iran against testing Trump's resolve

US Vice President Mike Pence in an interview airing Sunday warned Iran "not to test the resolve" of the Donald Trump administration, days after Washington slapped new sanctions on Tehran following a ballistic missile test launch.

Published 06 Feb, 2017 12:00am

First big German customer sues Volkswagen in diesel affair

First big German customer sues Volkswagen in diesel affair

Fish distributor Deutsche See is suing Volkswagen for misrepresenting a fleet of vehicles it leased as environmentally friendly, becoming the first major German customer to sue Europe's biggest carmaker over its diesel-test cheating.

Published 06 Feb, 2017 12:00am

Pence warns Iran against testing Trump's resolve

Pence warns Iran against testing Trump's resolve

US Vice President Mike Pence in an interview airing Sunday warned Iran "not to test the resolve" of the Donald Trump administration, days after Washington slapped new sanctions on Tehran following a ballistic missile test launch.

Published 06 Feb, 2017 12:00am

Qatar Airways launches world's longest flight

Qatar Airways launches world's longest flight

Qatar Airways launched the world's longest scheduled commercial service with its inaugural flight from Doha to Auckland taking off eight minutes early on Sunday, a company spokeswoman said. Flight QR920 left the Qatari capital at 05:02 (0202 GMT) and is s

Published 06 Feb, 2017 12:00am

Trump immigration ban in limbo after appeals court ruling

Trump immigration ban in limbo after appeals court ruling

The Trump administration's immigration order barring citizens from seven mainly Muslim countries and temporarily blocking refugees was in legal limbo on Sunday after an appeals court denied the Department of Justice's request to restore the ban.

Published 06 Feb, 2017 12:00am

Barclays to overhaul back office operations to cope with ring-fencing

Barclays to overhaul back office operations to cope with ring-fencing

Barclays Plc is about to overhaul its back office operations under a restructuring to help it comply with new post-crisis rules forcing British banks to ring-fence their retail operations from their riskier business.

Published 06 Feb, 2017 12:00am

Thousands in US, Europe take to the streets

Thousands in US, Europe take to the streets

From London and Paris to New York and Washington, thousands of people took to the streets to protest US President Donald Trump's travel ban amid a fierce legal battle over the order. The biggest demonstration by far on Saturday took place in the British c

Published 06 Feb, 2017 12:00am

China vows strong punishments for illegal financing activities

China vows strong punishments for illegal financing activities

China will severely punish people involved in illegal financing activities, especially targeting underground banks and the stock market, after a series of scandals, state news agency Xinhua said on Sunday, citing the state prosecutor.

Published 06 Feb, 2017 12:00am

Thousands in US, Europe take to the streets

Thousands in US, Europe take to the streets

From London and Paris to New York and Washington, thousands of people took to the streets to protest US President Donald Trump's travel ban amid a fierce legal battle over the order. The biggest demonstration by far on Saturday took place in the British c

Published 06 Feb, 2017 12:00am

Philippine ministers say mine closure order will cost jobs

Philippine ministers say mine closure order will cost jobs

The Philippine environment minister's move to close some two dozen mines sparked concern Sunday among two of her colleagues, who said it could hit the economy and employment. The mining industry - accused of illegal tree felling and polluting rivers - has

Published 06 Feb, 2017 12:00am

THE RUPEE: slight gains

Currency

THE RUPEE: slight gains

The rupee, some how managed to gain slightly against the dollar on the money market during the week, ended on February 04, 2017. In the open market, the rupee most of the time held the present levels in terms of the dollar for buying and selling at Rs 107

Published 06 Feb, 2017 12:00am

Smoggy Beijing to cut coal use 30 percent this year: mayor

Smoggy Beijing to cut coal use 30 percent this year: mayor

Chinese capital Beijing will intensify its battle against choking air pollution this year and aims to cut coal use by 30 percent, state news agency Xinhua cited mayor Cai Qi as saying.

Published 06 Feb, 2017 12:00am

THE RUPEE: slight gains

Currency

THE RUPEE: slight gains

The rupee, some how managed to gain slightly against the dollar on the money market during the week, ended on February 04, 2017. In the open market, the rupee most of the time held the present levels in terms of the dollar for buying and selling at Rs 107

Published 06 Feb, 2017 12:00am

China targets green, branded food products as part of farm reform

China targets green, branded food products as part of farm reform

China will promote high-quality, branded farm products as it reforms its agricultural sector to meet demand from a growing middle class and boost rural incomes, the government's first policy statement of the year shows.

Published 06 Feb, 2017 12:00am

Egypt seeks temporary stamp duty on stock market deals

Egypt seeks temporary stamp duty on stock market deals

Egypt is considering temporarily reintroducing a stamp duty on stock market transactions after the tax was frozen in 2014, two finance ministry sources told Reuters on Thursday. The comments come a day after the International Monetary Fund released the de

Published 06 Feb, 2017 12:00am

Global bond yields hit bottom, JGBs still unattractive: Nippon Life

Global bond yields hit bottom, JGBs still unattractive: Nippon Life

Nippon Life Insurance, Japan's largest private insurer, thinks global bond yields have bottomed out and the company will buy domestic superlong government bonds only if their yields rise above 1 percent, its chief investment officer said on Thursday.

Published 06 Feb, 2017 12:00am

Global bond yields hit bottom, JGBs still unattractive: Nippon Life

Global bond yields hit bottom, JGBs still unattractive: Nippon Life

Nippon Life Insurance, Japan's largest private insurer, thinks global bond yields have bottomed out and the company will buy domestic superlong government bonds only if their yields rise above 1 percent, its chief investment officer said on Thursday.

Published 06 Feb, 2017 12:00am

UK funds move further into equities camp

UK funds move further into equities camp

British funds upped their equity allocations to eight-month highs in January on expectations that a reflationary spending boost expected under US President Donald Trump will extend stock markets' outperformance.

Published 06 Feb, 2017 12:00am

UK funds move further into equities camp

UK funds move further into equities camp

British funds upped their equity allocations to eight-month highs in January on expectations that a reflationary spending boost expected under US President Donald Trump will extend stock markets' outperformance.

Published 06 Feb, 2017 12:00am

Russia to buy $100m/day on FX market this month

Currency

Russia to buy $100m/day on FX market this month

The Russian central bank will buy the equivalent of 6.3 billion roubles ($106 million at current market prices) a day on the Moscow Exchange this month to replenish the country's fiscal reserves, the finance ministry said on Friday.

Published 06 Feb, 2017 12:00am

Canadian stocks to gain in 2017, but risks multiply

Canadian stocks to gain in 2017, but risks multiply

Financial strategists expect Canada's main stock index to rise more slowly in 2017 but to reach an all-time high by the end of next year if US President-elect Donald Trump's tax and spending plans boost economic growth, a Reuters poll found.

Published 06 Feb, 2017 12:00am

Saudi, Kuwait retreat; UAE bourses strong

Saudi, Kuwait retreat; UAE bourses strong

Saudi Arabia's stock market fell in a broad-based decline on Sunday and political tensions helped to pull down Kuwait, while United Arab Emirates bourses rose. The Saudi index closed 0.7 percent lower with decliners outnumbering advancers by 121 to 29. At

Published 06 Feb, 2017 12:00am

Spain draws $9.7 billion in demand for new 2027 bond

Spain draws $9.7 billion in demand for new 2027 bond

Spain issued a 9 billion euro ($9.7 billion) 10-year bond on Tuesday, drawing just over 34 billion in demand from investors as appetite for euro-denominated sovereign debt showed no sign of easing.

Published 06 Feb, 2017 12:00am

Spain draws $9.7 billion in demand for new 2027 bond

Spain draws $9.7 billion in demand for new 2027 bond

Spain issued a 9 billion euro ($9.7 billion) 10-year bond on Tuesday, drawing just over 34 billion in demand from investors as appetite for euro-denominated sovereign debt showed no sign of easing.

Published 06 Feb, 2017 12:00am

Ukraine's forex reserves to stay below central bank target in 2017

Currency

Ukraine's forex reserves to stay below central bank target in 2017

Ukraine's foreign currency reserves will grow to $17.8 billion by the end of 2017 but still fall nearly 20 percent short of the central bank's $21.3 billion target, a Reuters monthly poll of analysts showed on Thursday.

Published 06 Feb, 2017 12:00am

Political pressures start to show through on French stock market

Political pressures start to show through on French stock market

Growing uncertainty over this year's French presidential election is starting to have an impact in terms of how risky the country's stock market is perceived by investors.

Published 06 Feb, 2017 12:00am

European investors favour US stocks on Trump reflation bet

European investors favour US stocks on Trump reflation bet

European investors have raised holdings of US equities to four-month highs while sharply cutting debt allocations, a Reuters poll showed, betting President Donald Trump will embark on a spending splurge, accelerating growth and inflation.

Published 06 Feb, 2017 12:00am

Bangladesh's interbank forex rates

Bangladesh's interbank forex rates

Inter-bank buy/sell rates for the taka against the dollar on Sunday. 79.15-79.15 (previous 79.12-79.14).

Published 06 Feb, 2017 12:00am

Analysts caution on small, midcap global stocks after rally

Analysts caution on small, midcap global stocks after rally

A pair of analysts is recommending that investors tread lightly in the global landscape for small-and-midcap stocks following a strong post-election rally fuelled by hopes they would benefit from policies implemented by US President Donald Trump.

Published 06 Feb, 2017 12:00am

Wall Street week ahead: dollar's sudden weakness could help US profit picture

Currency

Wall Street week ahead: dollar's sudden weakness could help US profit picture

Stock investors could have at least one less worry in the next earnings period: the suddenly limp US dollar. The greenback, whose strong rally after the November 8 US election hit profits at many US multinationals in the fourth quarter, has had a sharp re

Published 06 Feb, 2017 12:00am

Le Pen rallies supporters for French presidential launch

Le Pen rallies supporters for French presidential launch

French far-right leader Marine Le Pen gives a major speech Sunday to formally launch her presidential bid with a programme featuring many of the themes that propelled Donald Trump to the White House.

Published 06 Feb, 2017 12:00am

Romania scraps corruption decree, but protesters keep up pressure

Romania scraps corruption decree, but protesters keep up pressure

Romania scrapped Sunday a contentious corruption decree in a climbdown after the biggest mass demonstrations since 1989, but protesters kept up pressure by taking to the streets for a sixth straight day.

Published 06 Feb, 2017 12:00am

US envoy eyes cuts to UN peacekeeping

US envoy eyes cuts to UN peacekeeping

Washington's new UN envoy Nikki Haley is putting in motion a far-reaching review of UN peacekeeping that is likely to lead to closures and downsizing of missions, according to diplomats. Haley took up her post with a vow to overhaul the United Nations and

Published 06 Feb, 2017 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Oct 10	277.82
USD PKR Interbank Buying / Oct 10	277.62
USD to Japanese Yen / Oct 10	149.16
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	81,753.61
Tokyo Nikkei / Oct 10	39,380.89
Nasdaq / Oct 10	18,291.62
Hang Seng / Oct 10	21,286.40
FTSE 100 / Oct 10	8,237.58
Dow Jones / Oct 10	42,512
Germany DAX 30 / Oct 10	19,203.44

Item	Value
Petrol/Litre / Oct 10	247.03
Crude Oil USD/Barrel / Oct 10	73.73
Karachi Cotton PKR/37.32 KG / Oct 10	17,985
Gold 10 Grams PKR / Oct 10	236,197
Gold Spot USD/Ounce / Oct 10	2,615.22
Diesel/Litre / Oct 10	246.29

Gainers
Losers
Leaders

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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RMB, FDI, export-oriented enterprises: GFZ may be granted exemption to initiate pilot project

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Saudi Arabia, Pakistan to sign Barrick deal in few weeks, says Al Faleh

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SBP regulatory affairs: Finance minister says MoF shouldn’t intervene

SBP regulatory affairs: Finance minister says MoF shouldn’t intervene

ADB EDs assure support to structural reforms, stabilise economy

ADB EDs assure support to structural reforms, stabilise economy

Hubco likely to follow suit: Four IPPs ink deal to annul pacts early

Hubco likely to follow suit: Four IPPs ink deal to annul pacts early