News Archives for Print - 2017-04-03

The Weather

The weather report on Sunday (April 02, 2017) and the forecast for Monday (April 03, 2017).

Published 03 Apr, 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 03 Apr, 2017 12:00am

Currency

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (March 27 to 31 2017).

Published 03 Apr, 2017 12:00am

Aaj TV - Monday's schedule

All timings are in PST (Pakistan Standard Time).

Published 03 Apr, 2017 12:00am

ZAB's death anniversary: new IG Sindh reviews security measures

Acting Inspector General (IG) Sindh Sardar Abdul Majeed Dasti has called for foolproof security measures on the 38th death anniversary of former Prime Minister Zulfiqar Ali Bhutto being observed on April 4. Dasti presided over his first meeting since taki

Published 03 Apr, 2017 12:00am

AIDS patients on the rise in Balochistan

The number of HIV AIDS patients has disturbingly increased in Balochistan raising an alarm bell for the government. According to provincial AIDS control program, the number of HIV AIDS patients in Quetta and Turbat has reached to 710. Among the affectees

Published 03 Apr, 2017 12:00am

Several detained over protest against IGP's transfer

'Fix It' campaigners protested against Sindh Police Inspector General A D Khowaja's sacking on Sunday prompting administration to mobilise water canon and police personnel to counter the protesters. A D Khowaja was removed from the post on Saturday and th

Published 03 Apr, 2017 12:00am

GroupM announces second Digital Day 'NextM - Vision

After organising a successful Digital Day 2016, GroupM made a heavy comeback by announcing its 2nd Digital Day 'NextM - Vision on what is next'. Being at the forefront of driving digitization of our industry, this time GroupM brought not only new technolo

Published 03 Apr, 2017 12:00am

Two robbers killed in police encounter

Two robbers were killed while two others managed to flee after encounter with police here on Sunday morning. According to police, a gang of four robbers was fleeing after snatching bike from a citizen when police chased and approached them in Hamidpur Kan

Published 03 Apr, 2017 12:00am

'We are transforming the company as the Pakistani consumer transforms', Mannan, CEO TCS

M.A. Mannan is the President and CEO of TCS Holdings (Private) Limited with over 24 years of local and international experience. Prior to joining TCS, Mannan served as the Executive Director at Silk Bank. He has also served as the Chief Executive of Dubai

Published 03 Apr, 2017 12:00am

'We are transforming the company as the Pakistani consumer transforms', Mannan, CEO TCS

M.A. Mannan is the President and CEO of TCS Holdings (Private) Limited with over 24 years of local and international experience. Prior to joining TCS, Mannan served as the Executive Director at Silk Bank. He has also served as the Chief Executive of Dubai

Published 03 Apr, 2017 12:00am

KP outsmarts the rest

That Pakistan Tehreek-e-Insaf (PTI) has been able to deliver in Khyber Pakhtunkhwa is a fact that has found its best expression from the following: While the infrastructure expenditures of the federal, Punjab, Sindh and Balochistan governments dipped in t

Published 03 Apr, 2017 12:00am

New Thar coal tariff and allied issues - II

In India, on pithead coal power plants, NTPC India has been able to maintain coal power tariff at 4.5 cents on the average, although non-pithead plants produce at about 6 cents. 50% of coal tariff is fixed cost and about 50% is fuel and variable cost. Lig

Published 03 Apr, 2017 12:00am

Putin, friend or foe? Russia looms over French election

Russia looms large over France's presidential election, with candidates on the hard left, right and far right all promising to improve ties with the Kremlin, accused by some of meddling in the vote.

Published 03 Apr, 2017 12:00am

Cotton

Are subsidies justified?

Governments' primary objective in subsidizing a sector and/or subsector/essential commodity is to protect the vulnerable and/or to protect the country's critical productive base - decisions which are not divorced from political considerations. To assess t

Published 03 Apr, 2017 12:00am

Holding NAB to account

The unsavoury practice of giving undeserving people jobs to gain influence or favour friends is all pervasive in this country. In a latest example, a three-member bench of the Supreme Court, taking a suo motu notice on the basis of an anonymous letter, ha

Published 03 Apr, 2017 12:00am

Unbundling of gas utilities

The government has commenced the process of splitting the two gas utilities - Sui Northern Gas Pipelines Limited (SNGPL) and Sui Southern Gas Company Limited (SSGC) - with a majority shareholding by the federal government into operational and accounting f

Published 03 Apr, 2017 12:00am

Grand opening ceremony of Fata Super League Cricket today

The grand opening ceremony of the first ever Fata Super League Twenty20 Cricket will be held at Jamrud Tehsil, Khyber Agency today (Monday) April 3, at 9.00 A.M. This was stated by former first class cricketer and chief organizer of the Fata Super League

Published 03 Apr, 2017 12:00am

Madrid open up five-point lead over Barca

Real Madrid moved five points clear of Barcelona at the top of La Liga despite a lacklustre performance as goals from Karim Benzema, Isco and Nacho secured a 3-0 win over Alaves on Sunday. Benzema volleyed home Dani Carvajal's cutback for the opening goal

Published 03 Apr, 2017 12:00am

Panjgur clinch PPL Balochistan Football Cup 2017

The final of Pakistan Petroleum Limited (PPL) Balochistan Football Cup 2017? the country's largest-ever sponsored football tournament ? was played between Panjgur and Chaman on Sunday 2 at Ayub Football Stadium, Quetta. Panjgur lifted the winner's trophy.

Published 03 Apr, 2017 12:00am

Oxford see off Cambridge to regain Boat Race crown

Oxford won the men's Boat Race for the fourth time in five years as they defeated Cambridge to regain the title on London's River Thames on Sunday. Having lost last year, Oxford were determined to reestablish their recent dominance in the 163rd edition of

Published 03 Apr, 2017 12:00am

Taimur retains Amateur Ranking Golf title

International Taimur Naseer of PAF lifted the coveted trophy of the 50th National Amateur Ranking Golf Championship for the second time in a row with his gross score six under 210 over 54-holes here at PAF Golf Course on Sunday.

Published 03 Apr, 2017 12:00am

Konta beats Wozniacki for Miami WTA title

Johanna Konta defeated Caroline Wozniacki 6-4, 6-3 to win the Miami Open on Saturday - the biggest title won by a British woman in 40 years. Konta, who had never won an elite WTA premier mandatory event, will move to number seven in the world rankings wit

Published 03 Apr, 2017 12:00am

Bangladesh pick uncapped all-rounder for Twenty20s

Bangladesh on Sunday named uncapped all-rounder Mohammad Saifuddin in a 16-man squad for two Twenty20 internationals against Sri Lanka in Colombo next week. "We had been looking for a pace bowling all-rounder for a long time who could give our batting som

Published 03 Apr, 2017 12:00am

Bangladesh skipper suspended for slow over rate

Bangladesh captain Mashrafe Mortaza has been suspended for one match for a slow over rate during the third one-day international against Sri Lanka, the International Cricket Council (ICC) said Sunday.

Published 03 Apr, 2017 12:00am

Rampant Celtic roar to Scottish title

Celtic were crowned Scottish Premiership champions for a sixth consecutive season as Scott Sinclair's hat-trick inspired a 5-0 demolition of Hearts on Sunday. Brendan Rodgers' side, now 25 points clear of second-placed Aberdeen, set a new Scottish top-fli

Published 03 Apr, 2017 12:00am

Ethiopian wins wet Rome marathon

A rain-battered Rome marathon was won by Ethiopia's Shura Kitata Tola in 2hr 07min 30sec on Sunday, almost two minutes clear of Kenyan pair Dominic Ruto and Benjamin Bitok. The women's race was also taken by an Ethiopian as Rahma Tusa burst clear for a so

Published 03 Apr, 2017 12:00am

Arsenal held by City as Swansea, Boro stay in trouble

Arsene Wenger endured more frustration as Arsenal were held to a 2-2 draw by top four rivals Manchester City, while Swansea and Middlesbrough remain in relegation danger after a 0-0 draw on Sunday. With Arsenal fans once again calling for Wenger to resign

Published 03 Apr, 2017 12:00am

Two sailors rescued from Korean freighter off Uruguay

Two Filipino sailors were rescued Saturday from a distressed South Korean freighter with 24 crew on board that had apparently sunk in the Atlantic Ocean, the Uruguayan navy said Saturday. Four merchant ships in the area recovered three rafts, and rescued

Published 03 Apr, 2017 12:00am

Italy brokers deal with Libyan tribes to curb migrant influx

The Italian government said Sunday that dozens of rival tribes in southern Libya had agreed to cooperate on securing the country's borders in an effort to curb the influx of migrants trying to reach Europe.

Published 03 Apr, 2017 12:00am

Suu Kyi's party wins string of seats, rejected by Myanmar's minorities

Aung San Suu Kyi's one-year-old government won a string of seats in Myanmar by-elections Sunday but was bruised by losses in ethnic minority areas. The voting to fill 19 seats in the national and regional parliaments was seen as a test of the democracy ic

Published 03 Apr, 2017 12:00am

Police detain dozens at Moscow opposition protest

Police said they detained 29 opposition protesters in Moscow on Sunday, a week after hundreds were arrested during a rally organised by leading Putin critic Alexei Navalny. "Twenty-nine people were detained by police for breaches of public order," the cit

Published 03 Apr, 2017 12:00am

Israel's latest missile interceptor enters service

Prime Minister Benjamin Netanyahu said Sunday the latest addition to Israel's missile defences meant that those seeking to destroy the Jewish state would be endangering their own existence. He was speaking at a formal ceremony to hand the "David's Sling"

Published 03 Apr, 2017 12:00am

Exit poll projects ruling party win in Armenia 'milestone' vote

The ruling Republican Party led parliamentary elections in Armenia on Sunday, held for the first time since constitutional reforms transformed the ex-Soviet country into a parliamentary republic, an exit poll said.

Published 03 Apr, 2017 12:00am

China reports six new bird flu cases, one death

China reported six new cases of H7N9 bird flu including one death in Hunan after live poultry markets in the province were shuttered last month. The infections were reported in the last week of March by the provincial centre for disease control and preven

Published 03 Apr, 2017 12:00am

Blast caused by illegal explosives kills nine in China

An explosion in northern China's Shanxi province on Saturday evening killed at least nine and injured six, state news agency Xinhua reported. The blast occurred in a residential building and was believed to have been caused by illegally stored explosives,

Published 03 Apr, 2017 12:00am

China says US trade orders should respect international rules

China called on the United States to respect international trade rules and improve Cooperation and dialogue in reaction to two new orders by US President Donald Trump calling for an investigation into trade abuses.

Published 03 Apr, 2017 12:00am

US urges China to take 'action' against North Korea

The United States will "put pressure" on China to take action against North Korea's nuclear weapons program, the US ambassador to the United Nations said Sunday, days before a high profile visit by China's president.

Published 03 Apr, 2017 12:00am

Fruit fuelled evolution of a bigger brain: study

Humans likely developed large and powerful brains, researchers said on Monday, with the help of what is today the simplest of snacks: fruit. Eating fruit was a key step up from the most basic of foodstuffs, such as leaves, and provided the energy needed t

Published 03 Apr, 2017 12:00am

US researchers develop rapid blood test for tuberculosis

US researchers on Monday said they have developed a fast blood test for tuberculosis that could speed diagnosis and treatment of the serious and sometimes fatal bacterial infection. One of the oldest known diseases, tuberculosis, or TB, has killed an esti

Published 03 Apr, 2017 12:00am

Global warming magnifies severe droughts, floods

Global warming amplifies severe droughts and floods by disrupting jet streams, the powerful high-altitude air currents that move west-to-east across the northern hemisphere, researchers said on Monday. Just in the last 15 years, devastating drought in Cal

Published 03 Apr, 2017 12:00am

Global depression numbers surge in past decade: WHO

Cases of depression have ballooned almost 20 percent in a decade, making the debilitating disorder linked to suicide the leading cause of disability world-wide, the World Health Organization said on Thursday. By 2015, the number of people globally living

Published 03 Apr, 2017 12:00am

WHO warns of measles outbreak across Europe

The World Health Organization warned Tuesday of large measles outbreaks in countries where immunisation has dropped, after more than 500 cases of the highly contagious disease were reported across Europe in January.

Published 03 Apr, 2017 12:00am

Electromagnetic fields may cause motor neurone disease

Pilots, welders and other workers who are persistently exposed to high levels of electromagnetic fields may be at higher risk of developing deadly motor neurone disease, according to a study published on Thursday. Research in The BMJ drew a link between s

Published 03 Apr, 2017 12:00am

Snapchat adds more accessible search feature

Snap Inc said on Friday its Snapchat messaging app would add an option for users to search through photos and videos that useers have posted to the public. The move comes just days after larger rival Facebook Inc stepped up efforts to encourage users to t

Published 03 Apr, 2017 12:00am

US lawmakers roll back privacy rules for internet carriers

US lawmakers voted Tuesday to roll back rules that would block internet service providers from selling user data to third parties, following a heated debate over privacy protections. The House of Representatives voted 215-205 to overturn the Federal Commu

Published 03 Apr, 2017 12:00am

With new phone due, Samsung dials down on safety message

After the damaging recall of its fire-prone Note 7 smartphone, you could be forgiven for thinking Samsung Electronics Co Ltd would make a song and dance about battery safety in its new flagship phones, due to be launched in the United States on Wednesday.

Published 03 Apr, 2017 12:00am

BlackBerry, freed of handsets, looks to software for return to glory

Although BlackBerry Ltd has extricated itself from the smartphone handsets that weighed on its recent fortunes, the Canadian firm faces a tough slog to convince skeptics it can return to its glory days through an enlarged software business.

Published 03 Apr, 2017 12:00am

SES, Verizon to develop HD delivery solutions

SES on Tuesday announced a collaborative agreement with Verizon aimed at driving the overall development of Ultra HD delivery solutions for Verizon Fios subscribers throughout the US. Verizon is among a recent wave of multichannel video programming distri

Published 03 Apr, 2017 12:00am

Facebook adds camera features, moves closer to Snapchat

Facebook Inc is giving the camera a central place on its smartphone app for the first time, encouraging users to take more pictures and edit them with digital stickers that show the influence of rival Snapchat. Shares of Snapchat owner Snap Inc, which hel

Published 03 Apr, 2017 12:00am

Elon Musk hints at new brain-computer project

Tech entrepreneur Elon Musk hinted Tuesday that he is working on a new startup focusing on brain-computer interface, part of his vision to help humans keep up with machines. Musk, the founder of electric carmaker Telsa and exploration firm SpaceX, referen

Published 03 Apr, 2017 12:00am

Twitter makes room for more characters in tweets

Twitter on Thursday began rolling out changes to let people pack more into tweets, subtracting from the character count names of those being replied to in posts. The latest software modification at the one-to-many messaging service comes about a year afte

Published 03 Apr, 2017 12:00am

Google's translation app unblocked in China

Google on Wednesday made available in China a new version of its translation app that is accessible without censor-evading software, a move likely to fuel speculation that the internet giant was mending fences with Beijing. Google shut down its www.google

Published 03 Apr, 2017 12:00am

TAQA reports $5 billion loss

Abu Dhabi National Energy Co (TAQA), the state-controlled oil explorer and power supplier, on Thursday reported a full-year loss of 18.55 billion dirhams ($5.05 billion) for 2016. The net loss was largely fuelled by a 16.9 billion dirham post-tax impairme

Published 03 Apr, 2017 12:00am

COSCO Shipping reports $1.4 billion loss for 2016

China's COSCO Shipping Holdings Co Ltd made a loss last year of 9.9 billion yuan ($1.44 billion), the company reported on Thursday, due to both persistently weak freight rates and restructuring costs. Freight shipping firms have been hit hard by a prolong

Published 03 Apr, 2017 12:00am

Citi applies for capital markets licence in SA

Citigroup has formally applied for a licence to conduct capital markets business in Saudi Arabia, two sources familiar with the matter said, in a move to return to the country after an absence of nearly 13 years. The application has been made with Saudi A

Published 03 Apr, 2017 12:00am

Citi applies for capital markets licence in SA

Citigroup has formally applied for a licence to conduct capital markets business in Saudi Arabia, two sources familiar with the matter said, in a move to return to the country after an absence of nearly 13 years. The application has been made with Saudi A

Published 03 Apr, 2017 12:00am

H&M invests in supply chain as fashion rivalry intensifies

Cost controls helped H&M to limit a drop in quarterly pretax profit but the fashion chain said it was increasing investments as it tries to keep pace with its larger rival, Zara owner Inditex. H&M, the world's second-biggest fashion company, said conditio

Published 03 Apr, 2017 12:00am

H&M invests in supply chain as fashion rivalry intensifies

Cost controls helped H&M to limit a drop in quarterly pretax profit but the fashion chain said it was increasing investments as it tries to keep pace with its larger rival, Zara owner Inditex. H&M, the world's second-biggest fashion company, said conditio

Published 03 Apr, 2017 12:00am

UAE's Mubadala plans overseas Investments

Abu Dhabi state-owned fund Mubadala Investment Company is lining up new overseas investments in 2017 and may also sell or reduce some of its existing stakes in companies, its chief executive said on Thursday.

Published 03 Apr, 2017 12:00am

UAE's Mubadala plans overseas Investments

Abu Dhabi state-owned fund Mubadala Investment Company is lining up new overseas investments in 2017 and may also sell or reduce some of its existing stakes in companies, its chief executive said on Thursday.

Published 03 Apr, 2017 12:00am

Qatar Holdings to sell 40 percent of Santander Brasil stake

Qatar Holdings LLC has put as many as 80 million units of Banco Santander Brasil SA up for sale, liquidating 40 percent of its position after shares have more than doubled over the past year. In a Tuesday securities filing, Santander Brasil, the No. 3 pri

Published 03 Apr, 2017 12:00am

Qatar Holdings to sell 40 percent of Santander Brasil stake

Qatar Holdings LLC has put as many as 80 million units of Banco Santander Brasil SA up for sale, liquidating 40 percent of its position after shares have more than doubled over the past year. In a Tuesday securities filing, Santander Brasil, the No. 3 pri

Published 03 Apr, 2017 12:00am

Aramco tax cut lifts company's value by $1 trillion, analyst estimates

Saudi Arabia's decision to cut tax paid by national oil giant Saudi Aramco has increased its value by $1 trillion, an analyst estimated on Tuesday ahead of Aramco's initial public offer of shares, expected to be the world's largest.

Published 03 Apr, 2017 12:00am

ICBC reports flat 2016 profit as margins dip

Industrial and Commercial Bank of China Ltd (ICBC), the world's largest lender, reported its slowest rate of yearly growth in over a decade as successive interest rate cuts continued to weigh on margins. The results came a day after three other of China's

Published 03 Apr, 2017 12:00am

Lufthansa expands Asia network with Cathay Pacific tie-up

Lufthansa and Cathay Pacific will sell tickets on some of each other's routes, boosting the German group's Asia-Pacific network and deepening a partnership in which the airlines already cooperate on freight flights.

Published 03 Apr, 2017 12:00am

AJK Prime Minister opens Sailani Art Gallery

The Prime Minister of Azad Kashmir Raja Farooq Haider inaugurated the Sailani Art Gallery in the state capital Muzaffarabad here Sunday. This is the first ever Art Gallery in the AJK capital of such kind where the pictures and portraits of revered social,

Published 03 Apr, 2017 12:00am

Oil Tanker Contractors Association calls off strike for one day

The Oil Tanker Contractors Association postponed its strike in protest against the implementation of 16% services sales tax till today (Monday) after the Ministry of Petroleum and Natural Resources assured them to address their issues.

Published 03 Apr, 2017 12:00am

Marriyum accuses Imran of doing negative politics

Minister of State for Information and Broadcasting Marriyum Aurangzeb has said that PTI chief Imran Khan cannot win 2018 general elections due to politics of false allegations. In a statement, she said instead of issuing concocted statements, Imran Khan s

Published 03 Apr, 2017 12:00am

Unique helpline for women in need

When Durdana married for a second time and to a man of her own choosing, her parents threatened to kill her if she tried to see her new husband. They imprisoned her in their home, but she still had her mobile phone and had learned that a helpline for wome

Published 03 Apr, 2017 12:00am

Security-centric approach is violates human rights: HRCP

The Human Rights Commission of Pakistan (HRCP) has called for the government and the judiciary to take more interest in protecting the citizens' rights and ensure that the state distinguishes itself by promoting rights and does more to prevent violations.

Published 03 Apr, 2017 12:00am

Hike in tomato prices attributed to low production

The availability of the Tomato has become scarce in the markets of twin cities of Islamabad and Rawalpindi due to which the prices of the main item of kitchen have increased. The shortage of the item would likely to push the vegetables' value further duri

Published 03 Apr, 2017 12:00am

KU to hold seminar on CPEC on April 6

A one day seminar entitled "Sindh at the Crossroad of success through CPEC" organised by Institute of Sustainable Halophyte Utilisation, University of Karachi will be held on 6th April at 9:30 am at Arts Auditorium KU.

Published 03 Apr, 2017 12:00am

Teenage girl, toddler crushed to death

A teenage girl and a toddler died after being hit by a vehicle while walking along the road in New Karachi area of the metropolis on Sunday. According to rescue sources, an unknown 14-year-old girl was walking with a toddler along the road when they were

Published 03 Apr, 2017 12:00am

Seven killed in bus-van collision

At least seven people were killed and two others injured in collision between a passenger bus and a truck here on Sunday. Levies sources said that an over speeding truck and a passenger bus collided head-on in Yak Mach area of district Chaghi.

Published 03 Apr, 2017 12:00am

Karachi to have 600 new buses soon: Minister

Six hundred new buses would soon be deployed on Karachi's roads, said Sindh Minister for Transport and Mass Transit Syed Nasir Hussain Shah on Sunday. He was talking to a delegation led by Director General of the Frontier Works Organisation (FWO), Lt. Gen

Published 03 Apr, 2017 12:00am

Anti-polio drive begins in five districts of KP today

More than 0.5 million children under the age of five will be administered Oral Polio Vaccine (OPV) as the special anti-polio drive in five districts of Khyber Pakhtunkhwa will be launched from today April 3.

Published 03 Apr, 2017 12:00am

Sherpao voices concern over unannounced power outages

Qaumi Watan Party Chairman Aftab Ahmed Khan Sherpao has expressed grave concern over the unannounced and excessive loadshedding in Khyber Pakhtunkhwa which brought the socio-economic activities to a complete halt.

Published 03 Apr, 2017 12:00am

Population census: ANP demands deployment of female officials in Fata

The Awami National Party (ANP) here on Sunday demanded the deployment of lady officials for holding population census in the Federally Administered Tribal Areas (Fata) due to the sensitive nature of local culture.

Published 03 Apr, 2017 12:00am

Marvi launches BISP school enrolment drive

Benazir Income Supports Programme (BISP) has enrolled 1.3 million under privileged children in primary schools and targets to enroll 1.6 million by June 2017. This was stated by Minister of State and Chairperson BISP MNA Marvi Memon while launching Waseel

Published 03 Apr, 2017 12:00am

Four missiles fired from Afghanistan into Kurram Agency

At least four missiles were fired into Kurram Agency area from across the Afghan border on Sunday, political administration said. Two rockets, each fell into the Shangak and Kharplan areas destroyed a shop completely. There were, however, no loss of life

Published 03 Apr, 2017 12:00am

DuPont to sell parts of pesticides unit to clear path for Dow merger

US chemical giant DuPont said Friday it will sell some of its pesticide business to FMC to clear the regulatory hurdles to the merger with Dow Chemical.

Published 03 Apr, 2017 12:00am

Merger of three Qatari banks to take six months

The merger of Qatari banks Masraf Al Rayan, Barwa Bank and International Bank of Qatar will take six months to complete, Masraf Al Rayan's chairman Hussain Ali al-Abdulla said on Sunday. In December Reuters reported that the trio had begun merger talks wh

Published 03 Apr, 2017 12:00am

Ethical investment tide lifts 'greenwash' concerns

Investors are ploughing ever more into ethical funds to back their views on issues such as global warming and gender equality, but such investments can be confusingly similar to standard funds, except for higher fees and 'green halo' marketing.

Published 03 Apr, 2017 12:00am

Ethical investment tide lifts 'greenwash' concerns

Investors are ploughing ever more into ethical funds to back their views on issues such as global warming and gender equality, but such investments can be confusingly similar to standard funds, except for higher fees and 'green halo' marketing.

Published 03 Apr, 2017 12:00am

Russian oil output falls in March

Russian oil output was 11.05 million barrels per day (bpd) in March, down 200,000 bpd from October - the baseline for a global deal to curb oil production - in line with a government promise, Energy Ministry data showed on Sunday.

Published 03 Apr, 2017 12:00am

China to create new economic zone outside Beijing

China will create a new special economic zone outside Beijing similar to those established in Shenzhen and Shanghai, the government said, in a bid to boost flagging growth and reduce the strain on the capital.

Published 03 Apr, 2017 12:00am

Australian government defends new $18.3 billion corporate tax cut

Australia's government on Sunday defended its new A$24 billion ($18.3 billion) corporate tax cut, saying the measure was necessary to help small companies stay competitive against rivals in other Western nations.

Published 03 Apr, 2017 12:00am

Credit Suisse takes out UK newspaper ads after office raids in tax case

Credit Suisse has taken out adverts in British Sunday newspapers stressing a zero-tolerance policy on tax evasion, as the Swiss bank tries to limit any damage to its reputation from raids on three of its offices.

Published 03 Apr, 2017 12:00am

Egypt's foreign debt jumps 40 percent to $67 billion

Egypt's foreign debt jumped 40.8 percent year-on-year to $67.32 billion in December, Central Bank figures showed. Egypt has been negotiating billions of dollars in aid from various lenders to help revive an economy hit by political upheaval since a 2011 r

Published 03 Apr, 2017 12:00am

Tsipras says deal with creditors hinges on debt relief

Greek Prime Minister Alexis Tsipras said Sunday that "significant steps" would be needed on reducing his country's debt in order for Athens to finalize a long-delayed deal with its international creditors. "The deal's closure and the vote on measures (dem

Published 03 Apr, 2017 12:00am

Samsung's assistant Bixby in tough challenge to rivals

Samsung's Bixby is the new kid on the block of personal digital assistants and is likely to face a rough reception in a neighborhood dominated by tech sector rivals. Bixby - introduced at Samsung's unveiling of Galaxy S8 smartphones - aims to help the Sou

Published 03 Apr, 2017 12:00am

Iraq's natural gas output to nearly triple in two years: minister

Iraq's natural gas output will triple to 1,700 million cubic feet per day (cfd) by 2018, as the OPEC nation implements projects to reduce flaring, oil minister Jabar al-Luaibi said on Sunday. Gas production should increase to 1,400 million cf/d in 2017 fr

Published 03 Apr, 2017 12:00am

Iraq has pledged to fully comply with oil cut deal: OPEC chief

Iraq has assured OPEC it will fully comply with an agreement to cut oil supply in order to bolster crude prices, OPEC Secretary General Mohammed Barkindo said on Sunday in Baghdad. Iraq's compliance stands now at 98 percent, the nation's oil minister Jaba

Published 03 Apr, 2017 12:00am

Currency

Hong Kong Exchange Fund assets HK$3.83 trillion end-February

Assets at the Exchange Fund, which is used to back the Hong Kong dollar, totalled HK$3,825.0 billion ($492.29 billion) at the end of February, the Hong Kong Monetary Authority (HKMA) said on Friday.

Published 03 Apr, 2017 12:00am

Currency

Aussie, kiwi seen slightly lower

Analysts trimmed their bearish outlook on the Australian and New Zealand dollars as the likelihood of stable domestic interest rates were expected to underpin their yield appeal in a world of low returns. A Reuters poll of 52 analysts saw the Aussie at 75

Published 03 Apr, 2017 12:00am

Currency

European funds' UK equity exposure nears seven-year low on Brexit

European investors have cut British equity holdings to nearly seven-year lows and cut their exposure to UK bonds amid growing concern over the ramifications of Brexit and the impact of a possible Scottish secession on the economy and currency. In contrast

Published 03 Apr, 2017 12:00am

Currency

European funds' UK equity exposure nears seven-year low on Brexit

European investors have cut British equity holdings to nearly seven-year lows and cut their exposure to UK bonds amid growing concern over the ramifications of Brexit and the impact of a possible Scottish secession on the economy and currency. In contrast

Published 03 Apr, 2017 12:00am

Global equity listings start to recover after 2016 slump

Global equity listings rose in the first quarter compared with a year earlier, driven by issuance in Asia and the United States, Thomson Reuters data showed, pointing to a more buoyant year for share sales than 2016.

Published 03 Apr, 2017 12:00am

Global equity listings start to recover after 2016 slump

Global equity listings rose in the first quarter compared with a year earlier, driven by issuance in Asia and the United States, Thomson Reuters data showed, pointing to a more buoyant year for share sales than 2016.

Published 03 Apr, 2017 12:00am

Currency	Rate
USD PKR Interbank Selling / Oct 18	277.72
USD PKR Interbank Buying / Oct 18	277.52
USD to Japanese Yen / Oct 18	150.08
USD to Swiss Franc / Oct 18	0.87
Pound Sterling to USD / Oct 18	1.31
Euro to USD / Oct 18	1.08

Stock	Volume
S&P 500 / Oct 17	5,841.47
Nasdaq / Oct 17	18,373.61
Dow Jones / Oct 17	43,239.05
India Sensex / Oct 18	81,255.34
Tokyo Nikkei / Oct 18	38,981.75
Hang Seng / Oct 18	20,782.51
FTSE 100 / Oct 18	8,357.65
Germany DAX 30 / Oct 18	19,583.37

Item	Value
Gold 10 Grams PKR / Oct 17	238,254
Petrol/Litre / Oct 18	247.03
Crude Oil USD/Barrel / Oct 18	71
Karachi Cotton PKR/37.32 KG / Oct 18	17,885
Gold Spot USD/Ounce / Oct 18	2,708.54
Diesel/Litre / Oct 18	251.29

Stock	Price
786 Invest Ltd / Oct 18 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Oct 18 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Oct 18 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Oct 18 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Oct 18 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Oct 18 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Oct 18 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Oct 18 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Oct 18 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Oct 18 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Oct 18 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Oct 18 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Oct 18 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Oct 18 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Oct 18 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Oct 18 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Oct 18 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Oct 18 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Oct 18 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Oct 18 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Oct 18 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Oct 18 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Oct 18 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Oct 18 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Oct 18 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Oct 18 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Oct 18 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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