News Archives for Print - 2017-12-11

The Weather

The weather report on Sunday (December 10, 2017) and the forecast for Monday (December 11, 2017).

Published 11 Dec, 2017 12:00am

Returns on Profit and Loss Sharing Investment Bank Accounts (JANUARY TO JUNE 2017)

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

Published 11 Dec, 2017 12:00am

Currency

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (December 04 to 08, 2017).

Published 11 Dec, 2017 12:00am

Aaj TV - Monday's schedule

All timings are in PST (Pakistan Standard Time).

Published 11 Dec, 2017 12:00am

Prescription video games to help children with ADHD in trial

Playing tailor-made video games can help children with attention deficit hyperactivity disorder (ADHD), according to results from a pivotal clinical trial announced on Monday. The US company developing the treatment, unlisted Akili, now plans to file for

Published 11 Dec, 2017 12:00am

Babies' brains at risk from toxic pollution

As New Delhi and other major cities hit new toxic smog peaks, the United Nations sounded the alarm on Wednesday over the damage that pollution is doing to babies' developing brains. The UN's children's agency, UNICEF, said Asia accounts for more than 16 m

Published 11 Dec, 2017 12:00am

Gene editing advance reverses disease in mice

A step forward in the gene-editing technique known as CRISPR/Cas9 suggests some diseases like diabetes and muscular dystrophy may be reversible, according to research involving lab mice published on Thursday. The report in the journal Cell shows it is pos

Published 11 Dec, 2017 12:00am

Global warming outpacing latest forecasts: study

The UN's forecast for global warming is about 15 percent too low, which means end-of-century temperatures could be 0.5 degrees Celsius higher than currently predicted, said a study released on Wednesday. The prediction makes the already daunting challenge

Published 11 Dec, 2017 12:00am

Melting arctic sea ice could exacerbate California droughts: study

Melting Arctic sea ice could render sun-soaked California vulnerable to a recurrence of the severe drought suffered in recent years as it is likely to cause high pressure systems that push away rain-bearing storms, a study released on Tuesday said.

Published 11 Dec, 2017 12:00am

UN warns of drug-resistant germ brewing in nature

The UN warned on Tuesday of a ticking time bomb of drug-resistant germs brewing in the natural environment, aided by humans dumping antibiotics and chemicals into the water and soil. If this continues, people will be at an ever-higher risk of contracting

Published 11 Dec, 2017 12:00am

Orange plans to add customers, boost profit by 2020

French telecoms operator Orange plans to add customers and boost profit margins through to 2020 by investing on its networks rather than buying foreign rivals or media content, it said on Thursday. The announcement confirms the strategic plan presented tw

Published 11 Dec, 2017 12:00am

Ford to test new self-drive vehicle technology in 2018

Ford Motor Co will begin testing its latest self-drive vehicle technology next year in at least one city but has not changed its plan to begin commercial production until 2021, the company said.

Published 11 Dec, 2017 12:00am

Smart Suitcases can be easily found if misplaced

'Smart suitcases' may be able to charge mobile phones or be easily found if misplaced, but unless their battery can be removed they risk being sent packing by the world's airlines. Global airlines body IATA said it could issue industry-wide standards on t

Published 11 Dec, 2017 12:00am

'Mobile industry to play critical role in Bangladesh's digital transformation'

The GSMA on December 3 released a new report that highlights the mobile industry's unique position to play a critical role in achieving both the Bangladeshi government's Vision 2021 development roadmap and the United Nations Sustainable Development Goals

Published 11 Dec, 2017 12:00am

Apple, Facebook praise China amid internet clamp

Top executives at Apple Inc and Facebook Inc managed to find something to praise Beijing for at an internet conference in China this week, even as its Communist Party rulers ban Western social media and stamp on online dissent. China's World Internet Conf

Published 11 Dec, 2017 12:00am

Google blocks YouTube from two Amazon devices, escalating spat

A rare public spat in the technology industry escalated on Tuesday when Google said it would block its video streaming application YouTube from two Amazon.com Inc devices and criticized the online retailer for not selling Google hardware.

Published 11 Dec, 2017 12:00am

Nissan to begin field tests of 'robo-taxis' in Japan

Nissan said Tuesday it would begin field tests for driverless "robot taxis" early next year as its rivals around the world step up self-driving technologies. The car giant and Japanese mobile game company DeNA have jointly developed the new driverless veh

Published 11 Dec, 2017 12:00am

Lyft rolls out self-drive cars in Boston

Lyft on December 6 began rolling out self-driving cars with users of the smartphone-summoned ride service in Boston in a project with technology partner nuTonomy. The launch of the driverless test program stemmed from a collaboration between Lyft and nuTo

Published 11 Dec, 2017 12:00am

Google unveils new Android software in India to power low-cost smartphones

Alphabet Inc's Google launched a stripped-down version of its Android software in India on Dec 5, as it attempts to woo millions of basic phone users in the fast-growing wireless services market. The Android Oreo Go operating system can work on entry-leve

Published 11 Dec, 2017 12:00am

Google unveils new Android software in India to power low-cost smartphones

Alphabet Inc's Google launched a stripped-down version of its Android software in India on Dec 5, as it attempts to woo millions of basic phone users in the fast-growing wireless services market. The Android Oreo Go operating system can work on entry-leve

Published 11 Dec, 2017 12:00am

Exchange

Deutsche Bank to rebrand its asset management arm

Deutsche Bank plans to rebrand its asset management arm as DWS, the name of its main retail brand, and put a structure in place that gives the group full control even after the unit's planned stock market listing. Germany's largest lender earlier this yea

Published 11 Dec, 2017 12:00am

Exchange

Deutsche Bank to rebrand its asset management arm

Deutsche Bank plans to rebrand its asset management arm as DWS, the name of its main retail brand, and put a structure in place that gives the group full control even after the unit's planned stock market listing. Germany's largest lender earlier this yea

Published 11 Dec, 2017 12:00am

Lufthansa becomes first European airline with 5-star Skytrax rating

Lufthansa has become the first European airline to receive the coveted 5-star Skytrax airline rating, it said on Monday, an accolade which it hopes will help it to continue achieving higher yields for its premium products. The German carrier has been inve

Published 11 Dec, 2017 12:00am

Saudi Arabia's SABIC considers investing in US

Petrochemicals company Saudi Basic Industries Corp is considering several possible investments in the United States, while state oil giant Saudi Aramco is looking at gas prospects abroad, Saudi energy minister said on Wednesday. However, Saudi Aramco's in

Published 11 Dec, 2017 12:00am

ExxonMobil, Chevron, Shell paid no tax in Australia for FY2016

Exxon Mobil Corp and Chevron Corp paid no tax in Australia in the 2016 financial year, the third year in a row, despite reporting billions of dollars in income from operations in the country, a report from the tax office showed on Thursday.

Published 11 Dec, 2017 12:00am

Alibaba, Ford to cooperate for retail opportunities

Alibaba Group Holding Ltd has signed a deal with Ford Motor Co to explore cooperation in areas such as cloud computing, connectivity and retail which could involve the sale of Ford cars on Alibaba's online retail platform Tmall. Alibaba in a statement on

Published 11 Dec, 2017 12:00am

HSBC beefs up Asia research team by hiring 15 analysts in China

HSBC said on Friday that it had expanded its Asian research team by hiring 15 analysts following the launch of HSBC Qianhai Securities, the first Chinese securities joint venture to be majority-owned by a foreign bank. A new team of equity research analys

Published 11 Dec, 2017 12:00am

Statoil, partners plan to develop $5.9 billion Arctic oil field

Norwegian oil giant Statoil and its partners on Tuesday presented a development plan of the 49 billion kroner (nearly 5 billion euros, $5,9 billion) Arctic Johan Castberg oil field, a cost cut in half compared to initial forecasts. The offshore project is

Published 11 Dec, 2017 12:00am

SAIL set to approve: $1 billion joint venture with ArcelorMittal

State-owned Steel Authority of India Ltd (SAIL) is set to approve a long-proposed $1 billion joint venture with ArcelorMittal at its board meeting this week, three sources with direct knowledge of the matter told Reuters.

Published 11 Dec, 2017 12:00am

Revamping European financial markets will cost its banks $4.4 billion a year: report

A wide-ranging reform of European financial markets called MiFID II will cost European investment banks around 2.6 percent of annual revenues, equating to $4.4 billion a year, according to industry analytics firm Coalition. The new rules set to come into

Published 11 Dec, 2017 12:00am

Egypt to sign contracts for nuclear power plant during Putin's visit

Egypt will sign contracts with Moscow during Russian President Vladimir Putin's visit to Cairo on Monday for the country's first nuclear power plant, three senior sources told Reuters on Sunday. The construction of the 4,800 megawatt (MW) capacity plant,

Published 11 Dec, 2017 12:00am

Currency

Egypt's inflation falls to lowest this year

Egypt's inflation fell to a 2017 low in November, a year after the country floated its pound currency as part of a $12 billion International Monetary Fund deal to boost the economy. Inflation shot up after the pound's flotation last November, reaching a r

Published 11 Dec, 2017 12:00am

African Development Bank to lend $100 million to Guinea bauxite mine

The African Development Bank said on Saturday it had approved a $100 million loan to develop a bauxite mine in northwest Guinea, as the West African country works to treble output by 2020. The money will help construct a new mine operated by Guinea Alumin

Published 11 Dec, 2017 12:00am

France to push for European financial transactions tax

France will push for an European financial transactions tax to fund the fight against climate change, four French government ministers said in a joint statement. The tax could raise up to 5 billion euros ($5.9 billion) per year by 2020, according to a joi

Published 11 Dec, 2017 12:00am

France to push for European financial transactions tax

France will push for an European financial transactions tax to fund the fight against climate change, four French government ministers said in a joint statement. The tax could raise up to 5 billion euros ($5.9 billion) per year by 2020, according to a joi

Published 11 Dec, 2017 12:00am

Iraq says Kirkuk oil swap deal with Iran is for one year

Iraqi Oil Minister Jabar al-Luaibi said on Sunday that a deal signed with Tehran to swap up to 60,000 barrels per day of crude produced from the northern Iraqi Kirkuk oilfield for Iranian oil is for one year and subject to renewal. The agreement signed on

Published 11 Dec, 2017 12:00am

Dubai threatens price gougers with fines before VAT introduction

Dubai warned retailers on Sunday that they would face fines if they tried to use next month's introduction of value-added tax in the United Arab Emirates to manipulate prices, a sign of official concern about the economic impact of the tax. Seeking to boo

Published 11 Dec, 2017 12:00am

Rouhani sees major economic growth next year

Iran's President Hassan Rouhani promised high economic growth as he laid out next year's budget on Sunday, despite uncertainty over whether the United States will pull out of the nuclear deal. Presenting the budget to parliament, Rouhani said overall econ

Published 11 Dec, 2017 12:00am

China starts generating power from floating solar plant

China's Three Gorges Group started producing power from a 150-megawatt floating solar plant in east China, the largest of its kind in the world, official Xinhua news agency reported on Sunday. The solar power project in Huainan in Anhui province, develope

Published 11 Dec, 2017 12:00am

China Telecom earmarked as the Philippines' third telecoms player

State-run China Telecom Corp could become the Philippines' third telecoms player, officials of the Southeast Asian nation said on Sunday, as the government looks to stir up competition in an effort to boost notoriously poor services. Philippines President

Published 11 Dec, 2017 12:00am

Currency

Hyundai says faces headwinds from weaker yen next year

South Korean automakers face a major headwind from a weakening Japanese yen, which will boost rivals like Toyota Motor Corp next year, a Hyundai Motor think tank said. The fall in the yen will intensify competition in major markets, such as China and the

Published 11 Dec, 2017 12:00am

Thyssenkrupp makes offer to workers for Tata Steel deal

Thyssenkrupp has offered workers commitments on jobs and investments to get union backing for its deal with Tata Steel to merge their European steel operations, several people close to labour union IG Metall said. Details of the offer are to be discussed

Published 11 Dec, 2017 12:00am

Tunisian parliament approves 2018 budget including fiscal reforms

Tunisia's parliament on Saturday approved a 36 billion dinar ($14.55 billion) budget for next year which included a package of fiscal measures to cut the budget deficit. The budget for the fiscal year that starts on Jan. 1 was passed in parliament with 13

Published 11 Dec, 2017 12:00am

Britain's smaller banks jostle for business banking grants

Britain's smaller banks are lining up to apply for multi-million pound grants the government hopes will help them compete in the corporate banking market. For years the government has wanted to reduce the dominance of big banks in the small-to medium-size

Published 11 Dec, 2017 12:00am

Indonesian government sells $4 billion global bonds to finance 2018 budget

Indonesian goverment raised $4 billion through bond sales on global markets overnight to finance the 2018 budget, Finance Ministry said in a statement on Tuesday, adding that the timing of the sale was aimed at beating a potential US interest rate hike.

Published 11 Dec, 2017 12:00am

Indonesian government sells $4 billion global bonds to finance 2018 budget

Indonesian goverment raised $4 billion through bond sales on global markets overnight to finance the 2018 budget, Finance Ministry said in a statement on Tuesday, adding that the timing of the sale was aimed at beating a potential US interest rate hike.

Published 11 Dec, 2017 12:00am

Currency

Japan watchdog to set up panel on FX margin trading regulations

Japan's financial watchdog plans to set up a panel to discuss regulations on margin FX trading, popular among the country's retail investors, sources with knowledge of the matter said on Thursday. Earlier this year the Financial Services Agency (FSA) has

Published 11 Dec, 2017 12:00am

Currency

After bitcoin's wild week, traders brace for futures launch

The newest way to bet on bitcoin will arrive on Sunday, when futures of the cryptocurrency that has taken Wall Street by a storm begin trading. The first bitcoin future trades are set to kick off at 6 pm EST (2300 GMT) on CBOE Global Markets Inc's CBOE Fu

Published 11 Dec, 2017 12:00am

Currency

After bitcoin's wild week, traders brace for futures launch

The newest way to bet on bitcoin will arrive on Sunday, when futures of the cryptocurrency that has taken Wall Street by a storm begin trading. The first bitcoin future trades are set to kick off at 6 pm EST (2300 GMT) on CBOE Global Markets Inc's CBOE Fu

Published 11 Dec, 2017 12:00am

Currency

France to allow blockchain for trading unlisted securities

The French government opened the way on Friday for trading unlisted securities using blockchain digital ledgers with the adoption of new rules aimed at improving Paris' image as a centre for financial innovation. The new rules mean that banks and fintech

Published 11 Dec, 2017 12:00am

Currency

Australia bourse to use blockchain in 'world-first'

Australia's main stock exchange has said it will use blockchain, the technology behind cryptocurrency bitcoin, to process its equities transactions in a shift touted as a world-first for a major financial institution. The Australian Securities Exchange (A

Published 11 Dec, 2017 12:00am

Major Gulf markets rise, led by Saudi Arabia and Egypt

Major Gulf stock markets rose on Sunday in line with strength in global bourses at the end of last week, with Saudi Arabia and Egypt leading. The Saudi index rose 0.8 percent points to 7,145, bouncing for a second straight day from technical support aroun

Published 11 Dec, 2017 12:00am

Currency

Venezuela creating digital currency amid financing crisis

Venezuela is creating a digital currency to combat a financial blockade by the United States, President Nicolas Maduro announced last week. The Petro will be backed by Venezuela's oil and gas reserves and its gold and diamond holdings, the president said

Published 11 Dec, 2017 12:00am

US-based stock ETFs attract $14.6 billion of inflows, largest since June

US-based stock ETFs attracted $14.6 billion of inflows in the week ended Wednesday, their 10th consecutive week of inflows and the largest since June, illustrating investors' appetite for low-cost exposure to record-high stock markets.

Published 11 Dec, 2017 12:00am

Currency

US tax cuts to eventualy underpin dollar, but may sink in meantime

The US dollar is set to lose a bit more ground against other major currencies next year, challenging a view among most foreign exchange dealers that aggressive tax cuts just passed by the Senate will have a positive effect on the currency. The latest mont

Published 11 Dec, 2017 12:00am

Bangladesh's interbank forex rates

Interbank buy/sell rates for the taka against the dollar on Sunday. 82.50-82.50 (Previous 82.50-82.50).

Published 11 Dec, 2017 12:00am

Exchange

China bond index inclusion to see $286 billion passive inflows

The full inclusion of China's bond index in global bond indexes could bring $286 billion in passive inflows, Standard Chartered bank said on Tuesday. China's bond index has an 80 percent chance of being included in one of three regional or global bond ind

Published 11 Dec, 2017 12:00am

Exchange

China bond index inclusion to see $286 billion passive inflows

The full inclusion of China's bond index in global bond indexes could bring $286 billion in passive inflows, Standard Chartered bank said on Tuesday. China's bond index has an 80 percent chance of being included in one of three regional or global bond ind

Published 11 Dec, 2017 12:00am

Mutual Funds

Wall Street week ahead: Tax-loss selling to pressure 2017's losers in December

Stocks that have been lacklustre so far in 2017 are unlikely to see their fortunes reversed in the final month of the year, as investors engage in tax-harvesting practices before the new year. Investors often exercise tax-loss selling strategies, dumping

Published 11 Dec, 2017 12:00am

United Snacks Polo clinch December Polo Cup

Hissam Ali Hyder's heroic helped United Snacks Polo clinch the December Polo Cup after beating Honda Chenab by 7-6 in the sudden death chukker of thrilling final here at the Lahore Polo Club ground on Sunday.

Published 11 Dec, 2017 12:00am

Shahbaz applauds lifters Saniha Ghafoor, Twinkle Sohail

Punjab Chief Minister Muhammad Shahbaz Sharif has applauded Pakistan Power Lifters, Saniha Ghafoor and Twinkle Sohail on winning eight gold medals at the Oceania Pacific Power Lifting Championship in Singapore. While praising their performance, the Chief

Published 11 Dec, 2017 12:00am

Giroud strikes late to rescue Arsenal

Olivier Giroud's last-gasp header salvaged a point for Arsenal in a 1-1 draw at Southampton on Sunday as Arsene Wenger's side avoided a second successive Premier League defeat. Wenger's team appeared destined to follow last weekend's home loss to Manchest

Published 11 Dec, 2017 12:00am

Third round of Youth Carnival kicks off

The third round of the National Youth Carnival (NYC) Mega Challenge-2017 kicked off at the Peshawar Sports Complex with 2000 female and male competitors from across Pakistan. "Youth are our asset and we are doing our best to provide them every opportunity

Published 11 Dec, 2017 12:00am

Bangladesh appoint Shakib as Test cricket captain

Bangladesh on Sunday appointed all-rounder Shakib Al Hasan as Test captain, removing Mushfiqur Rahim from the post ahead of the two-Test home series against Sri Lanka starting January.

Published 11 Dec, 2017 12:00am

Lomachenko stops Rigondeaux to retain WBO world title

Vasyl Lomachenko retained his WBO super-featherweight title with a sixth round technical knockout of Guillermo Rigondeaux in New York City on Saturday, the impressive Ukrainian handing the Cuban-born American his first professional defeat. The highly-anti

Published 11 Dec, 2017 12:00am

England draw Ashes warm-up match with CA XI

Captain Travis Dean slammed a 68-ball century as a Cricket Australia XI frustrated England on the final day of the drawn two-day tour game in Perth on Sunday. Dean (100) and Will Bosisto (50) shared a 152-run opening stand in 21 overs as the CA XI made a

Published 11 Dec, 2017 12:00am

UK Snooker Championship: O'Sullivan, Murphy all square in UK final

Ronnie O'Sullivan was unable to hold onto his early lead in the UK Championship final as Shaun Murphy hit back to end the first session level at 4-4 on Sunday. O'Sullivan had eased into a 4-2 lead at the York Barbican, but his old rival snatched the last

Published 11 Dec, 2017 12:00am

Southee, Boult dominate for New Zealand as West Indies stutter

Tim Southee and Trent Boult took centre stage with bat and ball as New Zealand seized command on a rain-affected day two of the second Test against the West Indies in Hamilton on Sunday. They shared a 61-run last wicket stand to get New Zealand up to 373

Published 11 Dec, 2017 12:00am

Wiggins' rowing debut ends in disappointment

Retired former Tour de France champion Bradley Wiggins was back in a velodrome but not on two wheels as his competitive rowing debut ended in disappointment on Saturday. Wiggins, the five-times Olympic cycling champion who is considering a switch to rowin

Published 11 Dec, 2017 12:00am

Perera lauds Lakmal after Sri Lanka's emphatic win

New captain Thisara Perera Sunday hailed Suranga Lakmal as Sri Lanka's premier fast bowler after he led the visitors to a seven-wicket win over India in the first one-day international. Lakmal returned career-best ODI figures of 4-13 to help dismiss India

Published 11 Dec, 2017 12:00am

German conservatives reject 'United States of Europe' ahead of coalition talks

Senior members of German Chancellor Angela Merkel's conservatives on Saturday rejected the vision for a "United States of Europe" put forward by the Social Democrats (SPD), with whom they are hoping to form a governing coalition. SPD leader Martin Schulz

Published 11 Dec, 2017 12:00am

Air raids on Yemen rebel training camp kill 26

Saudi-led coalition air trikes on a Yemen rebel training camp northwest of the capital on Sunday killed at least 26 Huthi fighters, security sources said. The head of the training camp in Hajjah province, Amar al-Jarab, was among those killed in the strik

Published 11 Dec, 2017 12:00am

Saleh buried in Sanaa with handful of relatives present

Yemen's Houthi group has buried the body of former Yemeni President Ali Abdullah Saleh in Sanaa, allowing only a handful of relatives to attend, sources from his General People's Congress (GPC) party said on Sunday. Saleh, 75, was killed by the Iran-align

Published 11 Dec, 2017 12:00am

Communist parties win majority in Nepal vote

An alliance of Nepal's former Maoist rebels and the main Communist party have won a majority of seats in parliamentary elections and are expected to form the next government, according to preliminary results from the election commission late Sunday.

Published 11 Dec, 2017 12:00am

Kohli-Sharma set to marry in Italy

India cricket captain Virat Kohli is set to marry long-time girlfriend and Bollywood actress Anushka Sharma in a much-anticipated wedding in Italy this week, according to media reports on Sunday. Rumours started swirling when Kohli pulled out of India's l

Published 11 Dec, 2017 12:00am

Indian trooper opens fire, kills four comrades

A paramilitary soldier has killed four of his comrades and injured another inside a camp in central India, an official said Sunday. The trooper turned his gun on his fellow soldiers at around 5:00 pm local time Saturday (1130 GMT) in Bijapur district of C

Published 11 Dec, 2017 12:00am

Syrian government returns to Geneva talks, Western envoys skeptical

The Syrian government's delegation returned to Geneva on Sunday for the resumption of talks with United Nations mediator Staffan de Mistura after more than a week's absence, but Western diplomats voiced scepticism about its willingness to engage.

Published 11 Dec, 2017 12:00am

Exchange

Japan, US, South Korea to hold missile tracking drill amid North Korea crisis

The United States, Japan and South Korea will hold two days of missile tracking drills starting on Monday, Japan's Maritime Self-Defence Force said, as tensions rise in the region over North Korea's fast-developing weapons programmes. The United States an

Published 11 Dec, 2017 12:00am

Iraq holds military parade to celebrate victory over IS

Iraq's armed forces held a military parade in Baghdad on Sunday to celebrate the victory announced by Prime Minister Haider al-Abadi over the Islamic State group. Abadi on Saturday declared victory in Iraq's three-year war to expel the jihadist group that

Published 11 Dec, 2017 12:00am

France's rightwing shifts after Macron victory

Demoralised and divided, France's traditional centre-right party is expected to move closer to the far-right on Sunday when it picks a new leader to take on centrist President Emmanuel Macron. The Republicans party, which represents the dominant conservat

Published 11 Dec, 2017 12:00am

Polls open as Venezuelan president eyes wins in local votes

Venezuelans headed to the polls Sunday for mayoral elections that the opposition is boycotting amid an economic crisis, giving President Nicolas Maduro's party a clear path to victory. A few hours after polling stations were supposed to open, 98 percent o

Published 11 Dec, 2017 12:00am

Thousands rally demanding Saakashvili's release in Ukraine

Thousands of people rallied Sunday in central Kiev to demand the release of detained former Georgian leader Mikheil Saakashvili and the impeachment of his rival, Ukrainian President Petro Poroshenko. Saakashvili, 49, who entered Ukrainian politics after s

Published 11 Dec, 2017 12:00am

Princes William and Harry announce sculptor for new Diana statue

A sculptor who produced the image of Queen Elizabeth used on Britain's coins has been chosen to create a new statue of Princess Diana, the office of Princes William and Harry said on Sunday, to commemorate 20 years since her death. Ian Rank-Broadley, whos

Published 11 Dec, 2017 12:00am

Qatar signs $8 billion deal to buy 24 Typhoon fighters from UK

Qatar signed a multi-billion-dollar deal Sunday to buy 24 Typhoon fighters from Britain, its second major defence agreement this week, which comes during the worst political crisis in the region for years. The $8-billion (6.8-billion-euro) deal was signed

Published 11 Dec, 2017 12:00am

Five workers laying fibre-optic cables murdered in Mali

Four Malians and a Togolese working for a Chinese telecoms firm were kidnapped and murdered while laying fibre-optic cables in central Mali, multiple sources told AFP on Sunday. The group was working a few dozen kilometres (miles) from the town of Niafunk

Published 11 Dec, 2017 12:00am

McDonald's Malaysia refutes Israel ties after boycott calls

The Malaysian franchise of McDonald's Corp said it was "disappointed" with calls on social media to boycott the fast food restaurant chain in apparent retaliation to the United State's recognition of Jerusalem as the capital of Israel. Social media users

Published 11 Dec, 2017 12:00am

UK won't pay Brexit bill if no trade deal agreed: Davis

Brexit Secretary David Davis said Sunday Britain will not honour financial commitments agreed this week with the European Union if they fail to secure a future trade deal, contradicting finance minister Philip Hammond. "No deal means that we won't be payi

Published 11 Dec, 2017 12:00am

Snow and ice ground hundreds of flights in Frankfurt

More than 300 flights were cancelled and hundreds more delayed as snow and ice blocked runways at Germany's largest airport in Frankfurt on Sunday, the airport operator said. Some 330 flights were cancelled by 5:00 pm (1600 GMT) after heavy snow and sub-z

Published 11 Dec, 2017 12:00am

Snow shuts runways, disrupts flights across UK

The heaviest snowfall to hit Britain in four years caused widespread disruption on Sunday, with roads becoming hazardous and flights grounded following runway closures. Birmingham Airport, serving the country's second biggest city, suspended flights for a

Published 11 Dec, 2017 12:00am

Snow shuts runways, disrupts flights across UK

The heaviest snowfall to hit Britain in four years caused widespread disruption on Sunday, with roads becoming hazardous and flights grounded following runway closures. Birmingham Airport, serving the country's second biggest city, suspended flights for a

Published 11 Dec, 2017 12:00am

Ferry runs aground at France's Calais port

A ferry with more than 300 people on board ran aground Sunday in high winds at Calais in northern France, interrupting traffic in one of Europe's busiest passenger ports but causing no injuries. "The vessel is stable. Port officers are looking at how to r

Published 11 Dec, 2017 12:00am

Ferry runs aground at France's Calais port

A ferry with more than 300 people on board ran aground Sunday in high winds at Calais in northern France, interrupting traffic in one of Europe's busiest passenger ports but causing no injuries. "The vessel is stable. Port officers are looking at how to r

Published 11 Dec, 2017 12:00am

Protests flare over Trump's Jerusalem declaration

New protests flared in the Middle East and elsewhere Sunday over US President Donald Trump's declaration of Jerusalem as Israel's capital, a move that has drawn global condemnation and sparked days of unrest in the Palestinian territories.

Published 11 Dec, 2017 12:00am

Early completion of OLMT: China assures its all-out support

China has assured all possible cooperation regarding earliest completion of the delayed orange line metro train (OLMT) service and congratulated Chief Minister Shehbaz Sharif for obtaining permission (from Supreme Court) to continue this great public welf

Published 11 Dec, 2017 12:00am

'Pakistan becoming a significant LNG market': interview with Steve Hill, Shell's global LNG head

Steve Hill is responsible for Shell Energy, which is the face to the market for Shell's Integrated Gas business. Shell Energy trades and markets LNG, gas, power and emissions products, and manages market development and gas advocacy efforts to drive incre

Published 11 Dec, 2017 12:00am

'Pakistan becoming a significant LNG market': interview with Steve Hill, Shell's global LNG head

Steve Hill is responsible for Shell Energy, which is the face to the market for Shell's Integrated Gas business. Shell Energy trades and markets LNG, gas, power and emissions products, and manages market development and gas advocacy efforts to drive incre

Published 11 Dec, 2017 12:00am

JI Shoora meeting today

An extraordinary meeting of the central Shoora of the Jamaat-e-Islami will be held at Mansoora today (Monday), Dec. 11, with the JI Chief Senator Sirajul Haq, in the chair. The Shoora would discuss the political situation obtaining in the country and also

Published 11 Dec, 2017 12:00am

2.5 magnitude tremor jolts Khuzdar

A low intensity earthquake jolted different areas of Khuzdar on Sunday, no loss was reported. According to geological wing of PMD, tremors of magnitude 2.5 were felt in main Khuzdar town and surroundings. The quake created panic among the residents of the

Published 11 Dec, 2017 12:00am

KW&SB accuses anti-social elements of chocking sewerage lines

Managing Director of Karachi Water and Sewerage Board (KW&SB) on Sunday accused anti-social elements and miscreants of choking the city's sewerage lines deliberately to cause overflow of filthy water on various roads.

Published 11 Dec, 2017 12:00am

Exchange

China urges Pakistani businessmen to benefit from SHFTZ

China has urged Pakistani entrepreneurs to benefit from the Shanghai Pilot Free Trade Zone (SHFTZ) aimed at opening up new economic opportunities and explore new markets for their products. Briefing a group of Pakistani newsmen Director General Bureau of

Published 11 Dec, 2017 12:00am

Currency	Rate
USD PKR Interbank Selling / Nov 6	277.92
USD PKR Interbank Buying / Nov 6	277.72
USD to Japanese Yen / Nov 6	153.43
USD to Swiss Franc / Nov 6	0.87
Pound Sterling to USD / Nov 6	1.29
Euro to USD / Nov 6	1.08

Stock	Volume
S&P 500 / Nov 5	5,782.76
Nasdaq / Nov 5	18,439.17
Dow Jones / Nov 5	41,221.88
India Sensex / Nov 6	79,841.86
Tokyo Nikkei / Nov 6	39,303.01
Hang Seng / Nov 6	20,407.15
FTSE 100 / Nov 6	8,284.30
Germany DAX 30 / Nov 6	19,412.80

Item	Value
Gold 10 Grams PKR / Nov 5	242,798
Petrol/Litre / Nov 6	248.38
Crude Oil USD/Barrel / Nov 6	71.12
Karachi Cotton PKR/37.32 KG / Nov 6	18,285
Gold Spot USD/Ounce / Nov 6	2,742.04
Diesel/Litre / Nov 6	255.14

Stock	Price
786 Invest Ltd / Nov 6 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 6 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Nov 6 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 6 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 6 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Nov 6 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 6 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Nov 6 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 6 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 6 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 6 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Nov 6 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 6 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 6 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Nov 6 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 6 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Nov 6 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 6 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Nov 6 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Nov 6 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Nov 6 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Nov 6 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Nov 6 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Nov 6 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Nov 6 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Nov 6 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Nov 6 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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