News Archives for Print - 2017-02-20

The Weather

The weather report on Sunday (February 19, 2017) and the forecast for Monday (February 20, 2017).

Published 20 Feb, 2017 12:00am

Returns on Profit and Loss Sharing Investment Bank Accounts (JULY TO DECEMBER 2016)

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

Published 20 Feb, 2017 12:00am

Currency

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (February 13 to 17, 2017).

Published 20 Feb, 2017 12:00am

Aaj TV - Monday's schedule

All timings are in PST (Pakistan Standard Time).

Published 20 Feb, 2017 12:00am

Dar highlights significance of military courts

The government on Sunday geared up efforts with political parties to evolve consensus on grant of another 3-year extension to military courts for rapid trial of hardcore terrorists.

Published 20 Feb, 2017 12:00am

Multi-faith prayers held for victims of terrorism

A collective prayer ceremony for the martyrs of recent terror attacks in the country was held at FGA Ground Bahar Colony Kot Lakhpat on Sunday. Minister for Minorities and Human Rights Khalil Tahir Sandhu, Pastor Anwar Fazal, Nida Fazal, MPA Shehzad Munsh

Published 20 Feb, 2017 12:00am

Peaceful solution of issues: Begum Wali for initiating dialogue between Pakistan, Afghanistan

Chairperson, Awami National Party Wali (ANP-W), Begum Naseem Wali Khan has called for initiation of dialogue to defuse the ongoing tensions between Pakistan and Afghanistan, saying that blame game against each other was not best interest of the both count

Published 20 Feb, 2017 12:00am

Correction

Apropos the item carried in the "Brief Recordings' section of this newspaper on February 17, 2017. The article erroneously stated Muhammad Saqib Saleem's designation. His correct designation is CEO, MCB - Arif Habib Savings & Investments Limited. Due corr

Published 20 Feb, 2017 12:00am

Correction

Apropos the item carried in the "Brief Recordings' section of this newspaper on February 17, 2017. The article erroneously stated Muhammad Saqib Saleem's designation. His correct designation is CEO, MCB - Arif Habib Savings & Investments Limited. Due corr

Published 20 Feb, 2017 12:00am

'Changing lives of special children,' Interview with CEO, WonderTree

BR Research recently met Muhammad Waqas, co-founder of technology start-up Wonder Tree. His business is all about creating social impact. Waqas along with his dedicated and passionate team are using technology for a cause. They are using augmented reality

Published 20 Feb, 2017 12:00am

'Changing lives of special children,' Interview with CEO, WonderTree

BR Research recently met Muhammad Waqas, co-founder of technology start-up Wonder Tree. His business is all about creating social impact. Waqas along with his dedicated and passionate team are using technology for a cause. They are using augmented reality

Published 20 Feb, 2017 12:00am

Gross dereliction of duty

The news that "Islamabad's CCTV cameras cannot help identify faces or vehicles' number plates, Senators told" (carried by Business Recorder on Saturday), has given birth to serious questions about the efficacy of the security steps that the governm

Published 20 Feb, 2017 12:00am

Currency

Tourism shows signs of recovery in Egypt

Tourists are slowly returning to Egypt, easing pressure on a key sector battered by years of turmoil and the 2015 bombing of a plane carrying Russian holidaymakers.

Published 20 Feb, 2017 12:00am

The man who turned the lights on in energy-starved Nepal

The continuous whirl of hair dryers is a novel sound at the Blush Beauty Point parlour in Nepal's capital Kathmandu, which until just five months ago had to close at regular intervals because of power cuts. Scheduled power cuts - known as load-shedding -

Published 20 Feb, 2017 12:00am

Trade balance worsens

The latest data released by the Pakistan Bureau of Statistics (PBS) revealed a trade deficit of 17.428 billion dollars (July-January 2016-17) and the comparable figure for the year before was 13.544 billion dollars - a rise in deficit of 28.68 percent.

Published 20 Feb, 2017 12:00am

The Right to Know bill

While Khyber Pakhtunkhwa and Punjab governments have adopted creditable new right to information laws, the other two provinces as well as the federal government remain reluctant to introduce progressive changes. A Senate select committee, seeking to repla

Published 20 Feb, 2017 12:00am

Trump's inflammatory foreign policy move

Inexperienced and ill-prepared to deal with sensitive policy matters, in the very first three weeks of his administration, new US President Donald J Trump has managed to make deeply controversial decisions leading to push backs. While his ban on Muslims f

Published 20 Feb, 2017 12:00am

Modest release for water and power

While briefing the National Assembly on Water and Power, the relevant Ministry officials revealed that releases by the Finance Ministry for water and power projects under the Public Sector Development Programme (PSDP) were around 25 to 30 percent of what

Published 20 Feb, 2017 12:00am

'That bus has gone': EU sees no Brexit U-turn now

Tony Blair wants fellow Britons to "rise up" and block or soften Brexit, but it may now be out of their hands - many Europeans just want them to get on and get out.

Published 20 Feb, 2017 12:00am

Libya's Seraj sees Russia as possible intermediary with eastern commander

Libyan Prime Minister Fayez Seraj of the UN-backed government in Tripoli said on Sunday he would like Russia to help overcome deadlock in the country, which is struggling with divisions among militias and an Islamist militant threat.

Published 20 Feb, 2017 12:00am

UN envoy questions US engagement on Syria

UN envoy Staffan de Mistura on Sunday questioned US President Donald Trump's engagement in solving the Syrian war, just days ahead of a new round of peace talks in Geneva. "Where is the US in all this? I can't tell you because I don't know," he said, addi

Published 20 Feb, 2017 12:00am

Georgians rally to support embattled opposition TV

Thousands of Georgians rallied in the capital Tbilisi on Sunday to protest the government's alleged attempts to silence a pro-opposition television channel.

Published 20 Feb, 2017 12:00am

Ecuador in key vote for Latin American left

Ecuador voted Sunday in general elections that could see a pillar of the Latin American left swing to the right - and potentially deprive WikiLeaks founder Julian Assange of his place of refuge in London. President Rafael Correa, who is not running, expre

Published 20 Feb, 2017 12:00am

Sweden asks US to explain Trump comment on Sweden

The Swedish embassy in Washington has asked the US State Department for an explanation of a comment made by President Donald Trump that suggested there had been some sort of security incident in Sweden on Friday.

Published 20 Feb, 2017 12:00am

Turning 93, Mugabe rules out retirement

Zimbabwean President Robert Mugabe, who turns 93 on Tuesday, has no plans to give up power, saying he has no "acceptable" successor in place.

Published 20 Feb, 2017 12:00am

Saudi oil pipeline leak kills contractor

A contractor was killed and three other workers were injured in a pipeline leak in Saudi Arabia, state-owned oil giant Aramco said Sunday.

Published 20 Feb, 2017 12:00am

Trump reassures supporters in fiery campaign-style speech

President Donald Trump turned back the clock Saturday with a bold and aggressive Florida speech straight out of his 2016 campaign playbook, enthralling fans while insisting all is well in the White House despite weeks of turbulence.

Published 20 Feb, 2017 12:00am

Film 'Balu Mahi' screened in Singapore

Pakistani film 'Balu Mahi' is being screened in Singapore cinema house Carnival. However, the film has been screened as a Hindi language film instead of Urdu by the distributor to attract a large number of Indian audiences.

Published 20 Feb, 2017 12:00am

Punjab government propping up terrorism nurseries, says Khursheed

Leader of the opposition in the National Assembly Syed Khursheed Shah Sunday came hard on the Punjab government saying that provincial government was propping up nurseries of terrorism.

Published 20 Feb, 2017 12:00am

Murad calls for unity to fight terrorists

Chief Minister Sindh Syed Murad Ali Shaha has said that this is the time to unite and fight terrorists while expressing grief over the killing of 88 people in suicide attack at the Shrine of Lal Shahbaz Qalandar.

Published 20 Feb, 2017 12:00am

Orangi residents hold protest against street crimes

Orangi Town residents on Sunday held a protest demonstration against the rising street crime incidents in the area, while police resorted to aerial firing and tear gas shelling to disperse the enraged protesters. The demonstrators gathered at Islam Chowk

Published 20 Feb, 2017 12:00am

Dysfunctional walk-through gates installed at Qalandar's shrine

Despite the deadly blast at Lal Shehbaz Qalandar's shrine in Sehwan Sharif, no adequate security measures have been made by the authorities. The walk-through gate installed at the entry point for females has turned out to be dysfunctional and can result i

Published 20 Feb, 2017 12:00am

CCTV footage shows suicide bomber entering Qalandar's shrine

In a major development during probe into Lal Shahbaz Qalandar shrine attack, a new CCTV footage released on Sunday showed alleged suicide bomber entering the shrine. The video shows a nervous suspect first stands in queue but suddenly moves away from the

Published 20 Feb, 2017 12:00am

Murad apologetic over dumping of victims' remains into garbage

Chief Minister Sindh Syed Murad Ali Shah on Sunday expressed remorse over the dumping of the remains of Lal Shahbaz Qalandar shrine blast victims into heap of garbage in Sehwan Sharif. Talking to media after arriving at Lal Shahbaz Qalandar shrine, he ann

Published 20 Feb, 2017 12:00am

Census enumerators: foolproof security to be provided

Sindh police on Sunday chalked out a contingency plan to provide fool-proof security to the census enumerators in the province during the first phase of National Census 2017. According to an official of Sindh police, 10, 800 personnel of Sindh police will

Published 20 Feb, 2017 12:00am

Currency

Byco issues first-ever AAA rated private sector Sukuk with support of GuarantCo

Byco Oil Pakistan Limited ("BOPL") has successfully issued its first privately placed Sukuk for Rs 3,120 million. The issue, subscribed by a wide range of local investors, is rated AAA by PACRA and 100 percent backed by a guarantee from the Private Infras

Published 20 Feb, 2017 12:00am

Currency

Byco issues first-ever AAA rated private sector Sukuk with support of GuarantCo

Byco Oil Pakistan Limited ("BOPL") has successfully issued its first privately placed Sukuk for Rs 3,120 million. The issue, subscribed by a wide range of local investors, is rated AAA by PACRA and 100 percent backed by a guarantee from the Private Infras

Published 20 Feb, 2017 12:00am

Currency

Byco issues first-ever AAA rated private sector Sukuk with support of GuarantCo

Byco Oil Pakistan Limited ("BOPL") has successfully issued its first privately placed Sukuk for Rs 3,120 million. The issue, subscribed by a wide range of local investors, is rated AAA by PACRA and 100 percent backed by a guarantee from the Private Infras

Published 20 Feb, 2017 12:00am

Two wind power plants to start producing electricity in Sindh by year-end

Two more wind power plants, to be installed in Sindh province with 33 wind turbines each, will collectively start producing 99MW electricity by end of this year.

Published 20 Feb, 2017 12:00am

Three held as police chase ends near Nowshera

At least three people including a woman were arrested after a police chase ended near Nowshera on Sunday. It began when Motorway Police attempted to stop a white Corolla XLI bearing number plate CA- 116 near Peshawar toll plaza but the driver and two occu

Published 20 Feb, 2017 12:00am

Seven killed, several injured as avalanche hits part of Chitral

Seven people were killed and several others injured when an avalanche hit Ziarat area near Lowari Tunnel in district Chitral on Sunday. Seven dead persons were mechanics and technical staff of the Korean construction company SAMBU.

Published 20 Feb, 2017 12:00am

Deaths from India air pollution rival China: study

India's air now rivals China's as the world's deadliest, according to a new study published on Tuesday amid warnings that efforts to curb pollution from coal will not yield results any time soon. India's notoriously poor air quality causes nearly 1.1 mill

Published 20 Feb, 2017 12:00am

Arctic and Antarctic sea ice at record low in January: UN

The extent of sea ice in the Arctic and Antarctic last month was the lowest on record for January, the UN World Meteorological Organisation said on Friday, while concentrations of carbon dioxide in the atmosphere hit a January record. "The missing ice in

Published 20 Feb, 2017 12:00am

Baby brain scans may reveal autism risk

Brain scans of babies may predict which ones will develop autism, a debilitating disorder whose symptoms can be softened with early behavioural therapy, researchers have found. In a trial, MRI scans revealed which infant brains were growing at a faster-th

Published 20 Feb, 2017 12:00am

El Nino gobbles up California's beaches: study

Last year's unusually potent El Nino produced monster waves that carved away record-breaking swathes of the US West Coast's beaches, said a study Tuesday, warning that recovery may take years. Erosion at 29 beaches from Washington to southern California d

Published 20 Feb, 2017 12:00am

Study links working remotely to more stress, insomnia

Working outside an office may spare you from commutes and interruptions by colleagues but it also makes you more vulnerable to unpaid overtime, stress and insomnia, the UN said on Wednesday. A new report from the United Nations International Labour Organi

Published 20 Feb, 2017 12:00am

'Apple-shaped' body may raise risk of diabetes

People who are genetically predisposed to storing belly fat, or having an apple-shaped body type, could face a higher risk of type 2 diabetes and heart disease, researchers said on Tuesday. The study in the Journal of the American Medical Association (JAM

Published 20 Feb, 2017 12:00am

'Test can detect HIV within a week of infection'

Spain's top research institution said on Thursday it has patented an HIV test that can detect the AIDS-causing virus within a week of infection, the fastest yet. A "biosensor" developed by scientists of the Spanish National Research Council (CSIC) detects

Published 20 Feb, 2017 12:00am

Advances in imaging could deepen knowledge of brain

New imaging techniques enable exploration of the brain in much more detail than ever before, opening the door to greater understanding of neurological problems and possibly new treatments, researchers say.

Published 20 Feb, 2017 12:00am

Huawei catching up on Samsung, Apple

Chinese smartphone maker Huawei managed to gain ground on Samsung and Apple in terms of market share last year, following the problems encountered by the two sector giants, the Gartner consultancy group said on Wednesday. Over the year as a whole, the Chi

Published 20 Feb, 2017 12:00am

China's Huawei, Philippine telco join forces in 5G deal

Chinese electronics giant Huawei is joining forces with the Philippines' largest telco in the hopes of rolling out a 5G wireless network in the Asian archipelago by 2020, the Filipino company said Tuesday. Filipinos are among the world's most active Inter

Published 20 Feb, 2017 12:00am

GM plans to build, test thousands of self-driving Bolts in 2018

General Motors Co plans to deploy thousands of self-driving electric cars in test fleets in partnership with ride-sharing affiliate Lyft Inc, beginning in 2018, two sources familiar with the automaker's plans said this week.

Published 20 Feb, 2017 12:00am

Google internet balloon plan snagged in Sri Lanka

Google's venture to beam the internet to remote areas of the world via balloon has hit a legal snag in Sri Lanka that could see the project abandoned on the island, a minister said Thursday. "Project Loon" uses roaming balloons to beam internet coverage a

Published 20 Feb, 2017 12:00am

Facebook pushes video onto TV screens with new apps

Facebook on Tuesday announced it was rolling out apps to allow people to view videos posted on the social network on connected televisions. The new apps - for Apple TV, Amazon's Fire TV and Samsung Smart TV - will provide a more convenient way for users o

Published 20 Feb, 2017 12:00am

Dutch seek law to help block foreign telecoms takeovers

The Dutch government on Thursday proposed a draft law enabling it to block or annul take-over bids of communications firms by foreign companies "in the name of national security."

Published 20 Feb, 2017 12:00am

New Facebook job-hunting features challenge LinkedIn

Facebook on Wednesday began letting businesses in the US or Canada post jobs and take applications from jobseekers, posing a challenge to Microsoft-owned LinkedIn. The platform's users will be able to find help-wanted posts at business pages on Facebook o

Published 20 Feb, 2017 12:00am

Amazon launches video conferencing for cloud customers

US online giant Amazon on Tuesday announced the launch of a "unified communications service" which offers video and audio conferencing through its cloud computing service. The new service called Amazon Chime from Amazon Web Services - which provides the o

Published 20 Feb, 2017 12:00am

Dubai aims to launch hover-taxi by July

Dubai has tested a Chinese prototype of a self-driving hover-taxi, its transport authority said on Monday, with the aim of introducing the aerial vehicle in the emirate by July. The test of the one-man electric vehicle comes as the city state in the Unite

Published 20 Feb, 2017 12:00am

Atomico closes $765 million tech venture fund, Europe's biggest

Atomico, which has spent the past decade proving start-ups can prosper outside Silicon Valley, said on Thursday it had closed Europe's largest standalone tech venture fund, a $765 million war chest that reflects the region's growing financing firepower.

Published 20 Feb, 2017 12:00am

Cisco profit beats on strong demand for security products

Cisco Systems Inc reported higher-than-expected quarterly revenue and profit, helped mainly by strong demand for its security products. The company's shares, which had risen 27 percent in the past 12 months to touch a more than nine-year high on Wednesday

Published 20 Feb, 2017 12:00am

Etisalat profit edges up on growing UAE revenues

Higher revenues in its domestic market enabled United Arab Emirates-based telecommunications operator Etisalat to report a slightly higher profit on Tuesday. Etisalat said UAE revenues rose by 5.5 percent due to strong data services and use of broadband s

Published 20 Feb, 2017 12:00am

Air France-KLM gets lift from profit jump, growth plans

A "resilient" start to 2017 from Air France-KLM and a better than expected operating profit lifted shares in the airline to their highest level since July on Thursday. But Air France-KLM management and sector analysts cautioned against reading too much in

Published 20 Feb, 2017 12:00am

Air France-KLM gets lift from profit jump, growth plans

A "resilient" start to 2017 from Air France-KLM and a better than expected operating profit lifted shares in the airline to their highest level since July on Thursday. But Air France-KLM management and sector analysts cautioned against reading too much in

Published 20 Feb, 2017 12:00am

ANZ Bank first quarter cash profit rises 31 percent

Australia and New Zealand Banking Group said on Friday the credit environment was improving after reporting a 31-percent rise in first-quarter unaudited cash profit due to a strong performance from its core lending business in Australia and New Zealand.

Published 20 Feb, 2017 12:00am

T-Mobile's quarterly revenue, profit beat estimates

T-Mobile US Inc, the No.3 US wireless carrier, reported higher-than-expected quarterly revenue and profit as its promotional offers helped add more subscribers. T-Mobile had a number of promotional offers in the fourth quarter, including a free iPhone 7 o

Published 20 Feb, 2017 12:00am

T-Mobile's quarterly revenue, profit beat estimates

T-Mobile US Inc, the No.3 US wireless carrier, reported higher-than-expected quarterly revenue and profit as its promotional offers helped add more subscribers. T-Mobile had a number of promotional offers in the fourth quarter, including a free iPhone 7 o

Published 20 Feb, 2017 12:00am

DBS fourth quarter net profit falls

Singapore's DBS Group Holdings posted a 9 percent decline in quarterly profit and like rival OCBC booked higher provisions for bad loans, underscoring debt payment stress among firms in the city-state's oil services sector.

Published 20 Feb, 2017 12:00am

ABN Amro fourth quarter earnings beat estimates on Dutch growth, lower provisions

ABN Amro, the Netherlands' largest domestic lender, on Wednesday posted fourth-quarter net profit of 333 million euros ($352 million), beating expectations due to strong economic growth in the Netherlands. Analysts polled for Reuters had seen profit at 27

Published 20 Feb, 2017 12:00am

HTC posts seventh consecutive quarterly loss

Taiwan's HTC on Tuesday announced worse than expected fourth-quarter results and analysts said its much-hyped virtual reality products had failed significantly to boost the struggling smartphone maker. Revenue from October to December was down 13.62 perce

Published 20 Feb, 2017 12:00am

Commonwealth Bank boosts profit on hot property market

Commonwealth Bank of Australia, the country's biggest mortgage lender, posted a record first-half cash profit on Wednesday, backed by surging investor demand to buy into the country's hot property market.

Published 20 Feb, 2017 12:00am

Commonwealth Bank boosts profit on hot property market

Commonwealth Bank of Australia, the country's biggest mortgage lender, posted a record first-half cash profit on Wednesday, backed by surging investor demand to buy into the country's hot property market.

Published 20 Feb, 2017 12:00am

AIG posts bigger fourth quarter loss, adds $3.5 billion to buyback program

American International Group Inc, the largest commercial insurer in the United States and Canada, reported a bigger-than-expected quarterly loss, largely due to a $5.6 billion reserve charge to cover possible future claims.

Published 20 Feb, 2017 12:00am

Hermans claims first Tour in Oman

Belgium's Ben Hermans on Sunday made the Tour of Oman his first big career win after the closing sixth stage was claimed by Alexander Kristoff. The 30-year-old Hermans had topped the overall standings since surprising a group of fancied rivals with a late

Published 20 Feb, 2017 12:00am

Last-gasp Villarreal edge Sociedad

Villarreal kept their hopes of Champions League football next season alive as Samu Castillejo's 93rd minute winner secured a vital 1-0 win at Real Sociedad on Sunday. Just a second win of 2017 moves sixth-placed Villarreal to within two points of Sociedad

Published 20 Feb, 2017 12:00am

Nishikori battles into Buenos Aires final

Japanese top seed Kei Nishikori reached his second final of 2017 with a gruelling 4-6, 6-4, 6-3 win over Argentina's Carlos Berlocq at the Buenos Aires clay court tournament. World number five Nishikori needed two hours 45 minutes to see off wild card Ber

Published 20 Feb, 2017 12:00am

Gunaratne fireworks win T20 series for Sri Lanka

Asela Gunaratne slammed a pulse-racing 84 to power Sri Lanka to a last-ball victory against Australia on Sunday, clinching their Twenty20 series.

Published 20 Feb, 2017 12:00am

Bale back with a bang as Real extend lead

Gareth Bale made an instant impact on his return from injury as Real Madrid extended their lead at the top of La Liga to three points with a 2-0 win over Espanyol on Saturday. Bale had only been on the pitch 13 minutes after three months on the sidelines

Published 20 Feb, 2017 12:00am

China complete 5-0 Davis Cup sweep over Taiwan

Li Zhe and Zhang Zhizhen won singles rubbers Sunday to complete a 5-0 triumph for China over Taiwan in the Davis Cup Asia/Oceania Group I tie. Li beat Lee Kuan-yi 5-7, 6-2, 7-6 (7/3) while Zhang defeated Peng Hsien-yin (TPE) 6-2, 3-6, 7-6(7/4) in Kaohsiun

Published 20 Feb, 2017 12:00am

Smith replaces Dhoni as IPL team skipper

Mahendra Singh Dhoni has been removed as skipper of his Indian Premier League team with Australia's Steve Smith replacing him for the upcoming tournament, an official statement said Sunday. Dhoni, who stepped down as India's limited-overs captain last mon

Published 20 Feb, 2017 12:00am

De Villiers gets South Africa home with a ball to spare

A polished Quinton de Kock half century laid the foundation for South Africa's four wicket win over New Zealand in a tense finish to a rain-shortened opening one-day international in Hamilton on Sunday. In a clash that went down to the wire, it was a man-

Published 20 Feb, 2017 12:00am

Master Paints lift Hamdan Housing Polo Cup

Spirited Master Paints overcame high-flying Army team by 5-4 in the nail-biting main final to clinch the Hamdan Housing Polo Cup here at the jam-packed Lahore Polo Club (LPC) ground on Sunday.

Published 20 Feb, 2017 12:00am

Laiba Ijaz wins Super League Women Squash title

Laiba Ijaz clinched the trophy of the Khyber Pakhtunkhwa Super League Women Squash Championship played here at PAF Jansher Khan Squash Complex on Sunday. With the victory against Nimra Aqeel, Laiba was remained unbeaten in the 15 Super League matches and

Published 20 Feb, 2017 12:00am

PSL final must be in Lahore, says Giles Clarke

A top international cricket official insisted Sunday that the final of Pakistan's Twenty20 league must be held in Lahore despite a major bomb attack in the country last week. Giles Clarke, head of an International Cricket Council team seeking to revive cr

Published 20 Feb, 2017 12:00am

Iraq's oil reserves increase to 153 billion barrels

Iraq's oil reserves have increased to 153 billion barrels, from a previous estimate of 143 billion barrels, Oil Minister Jabar al-Luaibi said on Sunday. Iraq will ask the Organisation of the Petroleum Exporting Countries to adopt the new figure as the off

Published 20 Feb, 2017 12:00am

Belarus tax protests spread beyond capital

Street protests against a tax on adults who are not in full-time work spread from Belarus's capital Minsk to other towns on Sunday, local media reported. Around 2,000 people took to the streets of Gomel, Belarus's second city, the independent news agency

Published 20 Feb, 2017 12:00am

Mongolia agrees $5.5 billion economic bailout plan with IMF, others

Mongolia has agreed with the International Monetary Fund and other partners for a $5.5 billion economic stabilisation package, according to a statement from the IMF on Sunday. The landlocked nation saw its economy grow at a double-digit annual rate over 2

Published 20 Feb, 2017 12:00am

Ford sees big Russia gamble vindicated as sales finally turn corner

Ford has become the first major foreign carmaker in Russia to see sales grow after three bad years, potentially vindicating its decision to double down on a notoriously volatile market when rivals decided to cut and run.

Published 20 Feb, 2017 12:00am

China's property investment to grow less rapidly this year

China's investment in the property sector will likely expand at a slower pace in 2017 as Beijing looks to curb speculation, while infrastrucutre spending is expected to maintain a double-digit growth, state media cited a government adviser as saying.

Published 20 Feb, 2017 12:00am

Peugeot to keep German jobs if it buys Opel

French automaker PSA has pledged to keep Opel plants in Germany running if a planned merger goes forward, and to refrain from layoffs until at least 2019, a newspaper report said Sunday. PSA, the parent company of France's Peugeot, Citroen and DS, has con

Published 20 Feb, 2017 12:00am

Currency

Schaeuble denies 'Grexit' threat, says Greece on right path

German Finance Minister Wolfgang Schaeuble denied on Sunday that he had said Greece would have to leave the eurozone if it failed to implement economic reforms. Schaeuble said in an ARD television interview that Greece would not have problems if it implem

Published 20 Feb, 2017 12:00am

Kuwait MPs fight back against government price rise plans

A parliamentary panel in Kuwait on Sunday approved draft legislation calling for the scrapping of government plans to raise petrol and power prices to combat a budget deficit.

Published 20 Feb, 2017 12:00am

Australia and UAE to explore deeper defence ties, A$1 billion in sales

Australia and the United Arab Emirates (UAE) will explore closer defence ties after a meeting on Sunday between a senior Australian government minister and Abu Dhabi Crown Prince Sheikh Mohammed bin Zayed al-Nahyan.

Published 20 Feb, 2017 12:00am

Bank of Singapore to use Dubai as base to attract Middle East, Africa wealth

The private banking arm of Singapore's second-biggest lender OCBC is targeting annual growth of assets of more than 20 percent from its new office in Dubai, which it aims to use to attract wealthy clients from the Middle East and Africa, its chief executi

Published 20 Feb, 2017 12:00am

Bangladesh's interbank forex rates

Interbank buy/sell rates for the taka against the dollar on Sunday. 79.30-79.30 (previous 79.29-79.30).

Published 20 Feb, 2017 12:00am

Currency

Nigeria equity trading falls 40 percent in 2016 as investors fret over currency

Share dealing on Nigeria's bourse dropped 40 percent to 1.15 trillion naira ($3.8 billion) in 2016, the stock exchange said on Thursday, as foreign investors unnerved by the country's illiquid currency markets sold equities.

Published 20 Feb, 2017 12:00am

Some investors say they do not want blanket repeal of Dodd-Frank

The US structured finance market is not entirely in favour of a wholesale repeal of post-crisis reform under President Trump's administration due to widespread belief that tighter regulation may be a good thing.

Published 20 Feb, 2017 12:00am

Some investors say they do not want blanket repeal of Dodd-Frank

The US structured finance market is not entirely in favour of a wholesale repeal of post-crisis reform under President Trump's administration due to widespread belief that tighter regulation may be a good thing.

Published 20 Feb, 2017 12:00am

Currency

Rand expected to weaken almost eight percent this year

Difficulty in holding down public spending in South Africa and the possibility that interest rates will rise rapidly in the United States are likely to wipe out the rand's early gains this year and lead to its weakening further in 12 months, a Reuters pol

Published 20 Feb, 2017 12:00am

Currency

Banks support Saudi, Qatar bourses

Stock markets in the Middle East were mixed in modest trading volumes on Sunday with Saudi Arabia and Qatar outperforming because of support from the banking sector, while Egypt fell as the currency hit a three-month high.

Published 20 Feb, 2017 12:00am

Currency

Canadian dollar to shed recent gains as US rates climb

The recent upsurge in the Canadian dollar will peter out over the coming months as an expected widening gap between steady interest rates in Canada and rising US rates eclipses higher prices for oil, one of Canada's key exports, a Reuters poll found.

Published 20 Feb, 2017 12:00am

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

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

Item	Value
Gold 10 Grams PKR / Oct 10	233,028.70
Petrol/Litre / Oct 11	247.03
Crude Oil USD/Barrel / Oct 11	75.67
Karachi Cotton PKR/37.32 KG / Oct 11	17,985
Gold Spot USD/Ounce / Oct 11	2,644.73
Diesel/Litre / Oct 11	246.29

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

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

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

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