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Jan 31, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2015-08-29
PSM reduces steel products'' prices by up to Rs 7000 per ton

PSM reduces steel products'' prices by up to Rs 7000 per ton

Pakistan Steel Mills (PSM) on Friday announced to reduce prices of steel products by up to Rs 7,000 per metric ton aimed at rationalising with international market prices. Dealers said that declining price trend in the world market has forced the country'
Published 29 Aug, 2015 12:00am
Bouygues lifts profit goal for telecoms unit

Bouygues lifts profit goal for telecoms unit

French conglomerate Bouygues raised its full-year core earnings and cost savings targets for its telecom business on Thursday as it posted a 51 percent rise in first-half group current operating profit. The company now expects earnings before interest, ta
Published 29 Aug, 2015 12:00am
Moody's cuts 2016 global growth forecasts

Moody's cuts 2016 global growth forecasts

Credit rating firm Moody's cut its 2016 global economic growth forecasts on Friday, with China and United States both trimmed and Russia and Brazil seen staying in recession. It was a surprise move from the firm, coming just 10 days since its last forecas
Published 29 Aug, 2015 12:00am
Bouygues lifts profit goal for telecoms unit

Bouygues lifts profit goal for telecoms unit

French conglomerate Bouygues raised its full-year core earnings and cost savings targets for its telecom business on Thursday as it posted a 51 percent rise in first-half group current operating profit. The company now expects earnings before interest, ta
Published 29 Aug, 2015 12:00am
Moody's cuts 2016 global growth forecasts

Moody's cuts 2016 global growth forecasts

Credit rating firm Moody's cut its 2016 global economic growth forecasts on Friday, with China and United States both trimmed and Russia and Brazil seen staying in recession. It was a surprise move from the firm, coming just 10 days since its last forecas
Published 29 Aug, 2015 12:00am
Irish net emigration halves as jobs recovery gathers speed

Irish net emigration halves as jobs recovery gathers speed

Ireland's net emigration rate almost halved in the year to April and the unemployment rate continued to fall, data showed on Wednesday, as Europe's fastest growing economy shows signs of becoming an attractive location for workers again. Employment has gr
Published 29 Aug, 2015 12:00am
Moody''s cuts 2016 global growth forecasts

Moody''s cuts 2016 global growth forecasts

Credit rating firm Moody''s cut its 2016 global economic growth forecasts on Friday, with China and United States both trimmed and Russia and Brazil seen staying in recession. It was a surprise move from the firm, coming just 10 days since its last foreca
Published 29 Aug, 2015 12:00am
Financial close of coal-fired power project achieved

Financial close of coal-fired power project achieved

Pakistan's first local coal-fired project of 660MW to be established by Sindh Engro Coal Mining Company (SECMC) has reportedly achieved financial close with the help of federal government. The cost of the project is $2.1 billion of which cost of mining pr
Published 29 Aug, 2015 12:00am
Financial close of coal-fired power project achieved

Financial close of coal-fired power project achieved

Pakistan's first local coal-fired project of 660MW to be established by Sindh Engro Coal Mining Company (SECMC) has reportedly achieved financial close with the help of federal government. The cost of the project is $2.1 billion of which cost of mining pr
Published 29 Aug, 2015 12:00am
Fresenius to raise dividend
Currency

Fresenius to raise dividend

German healthcare group Fresenius said it would achieve its 2017 net income target this year already and pledged to increase its dividend for 2015 by clearly more than 20 percent, saying it was less affected by a weak Chinese market than other industries
Published 29 Aug, 2015 12:00am
Financial close of coal-fired power project achieved

Financial close of coal-fired power project achieved

Pakistan''s first local coal-fired project of 660MW to be established by Sindh Engro Coal Mining Company (SECMC) has reportedly achieved financial close with the help of federal government. The cost of the project is $2.1 billion of which cost of mining p
Published 29 Aug, 2015 12:00am
Fresenius to raise dividend
Currency

Fresenius to raise dividend

German healthcare group Fresenius said it would achieve its 2017 net income target this year already and pledged to increase its dividend for 2015 by clearly more than 20 percent, saying it was less affected by a weak Chinese market than other industries
Published 29 Aug, 2015 12:00am
Review petition filed against 21st Amendment

Review petition filed against 21st Amendment

The Lahore Bar Association (LBA) on Friday filed a review petition against the apex court's verdict on 21st Constitutional Amendment that had validated the establishment of military courts' establishment. On August 05, in its 902-page verdict, a 17-member
Published 29 Aug, 2015 12:00am
US housing market seen strong enough to handle Fed rate hikes

US housing market seen strong enough to handle Fed rate hikes

The US housing market is probably strong enough to stand up against an interest rate hike by the Federal Reserve this year, with stabilising home prices supporting sales, a Reuters poll of top economists showed on Wednesday. Of 22 economists surveyed, all
Published 29 Aug, 2015 12:00am
Review petition filed against 21st Amendment

Review petition filed against 21st Amendment

The Lahore Bar Association (LBA) on Friday filed a review petition against the apex court's verdict on 21st Constitutional Amendment that had validated the establishment of military courts' establishment. On August 05, in its 902-page verdict, a 17-member
Published 29 Aug, 2015 12:00am
Serbia won't close borders to migrants: Prime Minister

Serbia won't close borders to migrants: Prime Minister

Serbia will never close its borders to migrants, Prime Minister Aleksandar Vucic told Reuters on Wednesday, but he said EU leaders must help frame a plan on how to cope with the tens of thousands pouring into the Balkan region. About 100,000 migrants, man
Published 29 Aug, 2015 12:00am
Cut in POL prices likely from September 1

Cut in POL prices likely from September 1

The Oil and Gas Regulatory (Ogra) has recommended the government to cut prices of petroleum products up to Rs 7.5 per litre effective from September 1. The regulator following a massive reduction in international crude oil price on Friday sent a summary t
Published 29 Aug, 2015 12:00am
Gulf Keystone may double Kurdish field output if payment spat solved

Gulf Keystone may double Kurdish field output if payment spat solved

Iraqi Kurdistan oil producer Gulf Keystone Petroleum could double output at its Shaikan field within 18 months but the lack of government payments for exports makes investing there impossible, its new chief executive said. GKP, one of a handful of foreign
Published 29 Aug, 2015 12:00am
Cut in POL prices likely from September 1

Cut in POL prices likely from September 1

The Oil and Gas Regulatory (Ogra) has recommended the government to cut prices of petroleum products up to Rs 7.5 per litre effective from September 1. The regulator following a massive reduction in international crude oil price on Friday sent a summary t
Published 29 Aug, 2015 12:00am
Russia's Polymetal sees stronger second half
Currency

Russia's Polymetal sees stronger second half

Russian gold and silver miner Polymetal anticipates a stronger financial performance in the second half of the year thanks to weaker local currencies and higher production, it said on Tuesday after first-half net profit fell. The weaker rouble, caused by
Published 29 Aug, 2015 12:00am
Cut in POL prices likely from September 1

Cut in POL prices likely from September 1

The Oil and Gas Regulatory (Ogra) has recommended the government to cut prices of petroleum products up to Rs 7.5 per litre effective from September 1. The regulator following a massive reduction in international crude oil price on Friday sent a summary t
Published 29 Aug, 2015 12:00am
China banking giant ICBC reports flat H1 profit

China banking giant ICBC reports flat H1 profit

The Industrial and Commercial Bank of China (ICBC), the country's biggest bank, on Thursday reported a less than one percent year-on-year rise in net profit for the first half, affected by the slowing economy. Net profit was 149.02 billion yuan ($23.28 bi
Published 29 Aug, 2015 12:00am
NA-122, NA-154: by-elections on October 11

NA-122, NA-154: by-elections on October 11

The Election Commission of Pakistan (ECP) announced the date of by-elections for Lahore's NA-122 and Lodhran's NA-154 here on Friday. The by-elections will be held on October 11. According to sources, appointments of Returning Officers (ROs) are underway.
Published 29 Aug, 2015 12:00am
China banking giant ICBC reports flat H1 profit

China banking giant ICBC reports flat H1 profit

The Industrial and Commercial Bank of China (ICBC), the country's biggest bank, on Thursday reported a less than one percent year-on-year rise in net profit for the first half, affected by the slowing economy. Net profit was 149.02 billion yuan ($23.28 bi
Published 29 Aug, 2015 12:00am
NA-122, NA-154: by-elections on October 11

NA-122, NA-154: by-elections on October 11

The Election Commission of Pakistan (ECP) announced the date of by-elections for Lahore's NA-122 and Lodhran's NA-154 here on Friday. The by-elections will be held on October 11. According to sources, appointments of Returning Officers (ROs) are underway.
Published 29 Aug, 2015 12:00am
Caterpillar plans to cut 475 more jobs amid revenue decline

Caterpillar plans to cut 475 more jobs amid revenue decline

Heavy machinery manufacturer Caterpillar Inc said it plans a new round of layoffs to cut costs as declining revenues from global mining and construction activities erodes its bottom line. The Peoria, Illinois-based company said it notified workers earlier
Published 29 Aug, 2015 12:00am
STFP 2015-18: final version approved by Cabinet's sub-body

STFP 2015-18: final version approved by Cabinet's sub-body

The Cabinet Sub-Committee on production and export on Friday cleared the final version of Strategic Trade Policy Framework (STFP) 2015-18, envisaging a $35 billion exports target. The meeting presided over by Finance Minister Ishaq Dar was given a detaile
Published 29 Aug, 2015 12:00am
South Korea's plans to curb 2016 spending face political pressure

South Korea's plans to curb 2016 spending face political pressure

The South Korea government wants to keep a tight leash on the 2016 budget, but it is facing pressure from the ruling Saenuri Party to increase public spending in the face of sluggish economic growth. "The government has formed a very conservative budget f
Published 29 Aug, 2015 12:00am
STFP 2015-18: final version approved by Cabinet's sub-body

STFP 2015-18: final version approved by Cabinet's sub-body

The Cabinet Sub-Committee on production and export on Friday cleared the final version of Strategic Trade Policy Framework (STFP) 2015-18, envisaging a $35 billion exports target. The meeting presided over by Finance Minister Ishaq Dar was given a detaile
Published 29 Aug, 2015 12:00am
Kenya to import over 520,000 tonnes of oil products

Kenya to import over 520,000 tonnes of oil products

Kenya's oil importers have bought more than 520,000 tonnes of oil products for delivery over September to October, lower than their previous purchase, industry sources said on Friday. They bought 102,399 tonnes of jet fuel, 220,900 tonnes of 50ppm sulphur
Published 29 Aug, 2015 12:00am
STFP 2015-18: final version approved by Cabinet''s sub-body

STFP 2015-18: final version approved by Cabinet''s sub-body

The Cabinet Sub-Committee on production and export on Friday cleared the final version of Strategic Trade Policy Framework (STFP) 2015-18, envisaging a $35 billion exports target. The meeting presided over by Finance Minister Ishaq Dar was given a detaile
Published 29 Aug, 2015 12:00am
Russia's Rusal delays decision on dividend, core profit jumps

Russia's Rusal delays decision on dividend, core profit jumps

Russia's Rusal has decided to delay a decision on its possible first dividend since listing five years ago though its second-quarter core profit more than doubled thanks to cost cuts and a weaker rouble. The rouble's decline supports the world's top alumi
Published 29 Aug, 2015 12:00am
Fiscal Year 2015 ended with 5.3 percent budget deficit

Fiscal Year 2015 ended with 5.3 percent budget deficit

The government has closed the last fiscal year at 5.3 percent budget deficit against a target of 4.9 percent, reflecting a slippage of 0.4 percent, according to Finance Ministry. Finance Ministry in the consolidated federal and provincial budgetary operat
Published 29 Aug, 2015 12:00am
Russia's Rusal delays decision on dividend, core profit jumps

Russia's Rusal delays decision on dividend, core profit jumps

Russia's Rusal has decided to delay a decision on its possible first dividend since listing five years ago though its second-quarter core profit more than doubled thanks to cost cuts and a weaker rouble. The rouble's decline supports the world's top alumi
Published 29 Aug, 2015 12:00am
Fiscal Year 2015 ended with 5.3 percent budget deficit

Fiscal Year 2015 ended with 5.3 percent budget deficit

The government has closed the last fiscal year at 5.3 percent budget deficit against a target of 4.9 percent, reflecting a slippage of 0.4 percent, according to Finance Ministry. Finance Ministry in the consolidated federal and provincial budgetary operat
Published 29 Aug, 2015 12:00am
US business groups call for probe of medical funding industry

US business groups call for probe of medical funding industry

Two business lobbying groups this week called on the Consumer Financial Protection Board to investigate the medical funding industry after a Reuters investigation revealed that private investors are funding operations for women who have sued makers of sur
Published 29 Aug, 2015 12:00am
Fiscal Year 2015 ended with 5.3 percent budget deficit

Fiscal Year 2015 ended with 5.3 percent budget deficit

The government has closed the last fiscal year at 5.3 percent budget deficit against a target of 4.9 percent, reflecting a slippage of 0.4 percent, according to Finance Ministry. Finance Ministry in the consolidated federal and provincial budgetary operat
Published 29 Aug, 2015 12:00am
Thai exports fall for seventh month, deepens economic gloom

Thai exports fall for seventh month, deepens economic gloom

Thailand's exports shrank for the seventh successive month in July, suggesting a key engine of the economy is unable to fire up although the government says there is "no crisis" yet. Southeast Asia's second-largest economy has struggled to recover since t
Published 29 Aug, 2015 12:00am
Russian domestic dollar debt binge prompts liquidity fears
Currency

Russian domestic dollar debt binge prompts liquidity fears

The squeeze on Russian foreign exchange deposits is pushing domestic investors into the US dollar-denominated debt of the country's issuers, leading to liquidity fears at an already strained time for the secondary market. Sberbank became the latest Russia
Published 29 Aug, 2015 12:00am
Russian domestic dollar debt binge prompts liquidity fears
Currency

Russian domestic dollar debt binge prompts liquidity fears

The squeeze on Russian foreign exchange deposits is pushing domestic investors into the US dollar-denominated debt of the country's issuers, leading to liquidity fears at an already strained time for the secondary market. Sberbank became the latest Russia
Published 29 Aug, 2015 12:00am
Many Spaniards still feel pinch as economy powers ahead

Many Spaniards still feel pinch as economy powers ahead

Spain's economy is growing at its fastest pace since 2007, though for many ordinary citizenns times are harder than ever While tourists and higher earners are driving a consumer boom that propelled economic growth to 1 percent between April and June, the
Published 29 Aug, 2015 12:00am
Taxpayers' soft data: FBR agrees to provide access to AGP

Taxpayers' soft data: FBR agrees to provide access to AGP

The Federal Board of Revenue (FBR) Friday agreed to provide access of soft data of taxpayers to the Auditor General of Pakistan (AGP) based on the selected list/record of information available. Sources told Business Recorder that the decision has b
Published 29 Aug, 2015 12:00am
Philippine GDP growth seen up sharply in second quarter

Philippine GDP growth seen up sharply in second quarter

Philippine economic growth is forecast to have accelerated in April-June from the previous three months, a Reuters poll showed, as strong domestic demand and a rebound in government spending probably offset sluggish exports. Gross domestic product (GDP) i
Published 29 Aug, 2015 12:00am
Taxpayers' soft data: FBR agrees to provide access to AGP

Taxpayers' soft data: FBR agrees to provide access to AGP

The Federal Board of Revenue (FBR) Friday agreed to provide access of soft data of taxpayers to the Auditor General of Pakistan (AGP) based on the selected list/record of information available. Sources told Business Recorder that the decision has b
Published 29 Aug, 2015 12:00am
Alliance shuts 1.6-bcfd natgas pipeline

Alliance shuts 1.6-bcfd natgas pipeline

Alliance Pipeline shut its Western Canadian 1.6 bcfd pipeline that feeds natural gas to Chicago on Friday after poisonous, flammable gas got into the system, forcing at least five producers to curb output and lifting Chicago prices. The company declared f
Published 29 Aug, 2015 12:00am
Taxpayers' soft data: FBR agrees to provide access to AGP

Taxpayers' soft data: FBR agrees to provide access to AGP

The Federal Board of Revenue (FBR) Friday agreed to provide access of soft data of taxpayers to the Auditor General of Pakistan (AGP) based on the selected list/record of information available. Sources told Business Recorder that the decision has b
Published 29 Aug, 2015 12:00am
Population basis: PAC panel objects to distribution of Zakat

Population basis: PAC panel objects to distribution of Zakat

A parliamentary panel Friday objected to the distribution of Zakat in provinces based on population. It recommended that Zakat should be distributed on poverty basis. The sub-committee of Public Accounts Committee (PAC) examined the audit accounts of the
Published 29 Aug, 2015 12:00am
'Straight Outta Compton' puts notorious US city on map

'Straight Outta Compton' puts notorious US city on map

Some see it as an opportunity, while others believe it is a chance to show how far a troubled community has come. But all are in agreement: "Straight Outta Compton" has put the American city on the world map - for better or worse. Directed by F. Gary Gray
Published 29 Aug, 2015 12:00am
Population basis: PAC panel objects to distribution of Zakat

Population basis: PAC panel objects to distribution of Zakat

A parliamentary panel Friday objected to the distribution of Zakat in provinces based on population. It recommended that Zakat should be distributed on poverty basis. The sub-committee of Public Accounts Committee (PAC) examined the audit accounts of the
Published 29 Aug, 2015 12:00am
UAE's Al Noor plans to double capacity

UAE's Al Noor plans to double capacity

Al Noor Hospitals Group plans to double capacity in three years its chief executive said on Tuesday after the Abu Dhabi-based company reported a steady first-half profit. London-listed Al Noor is doubling the number of beds from 216 currently to over 400
Published 29 Aug, 2015 12:00am
Population basis: PAC panel objects to distribution of Zakat

Population basis: PAC panel objects to distribution of Zakat

A parliamentary panel Friday objected to the distribution of Zakat in provinces based on population. It recommended that Zakat should be distributed on poverty basis. The sub-committee of Public Accounts Committee (PAC) examined the audit accounts of the
Published 29 Aug, 2015 12:00am
UAE's Al Noor plans to double capacity

UAE's Al Noor plans to double capacity

Al Noor Hospitals Group plans to double capacity in three years its chief executive said on Tuesday after the Abu Dhabi-based company reported a steady first-half profit. London-listed Al Noor is doubling the number of beds from 216 currently to over 400
Published 29 Aug, 2015 12:00am
Population basis: PAC panel objects to distribution of Zakat

Population basis: PAC panel objects to distribution of Zakat

A parliamentary panel Friday objected to the distribution of Zakat in provinces based on population. It recommended that Zakat should be distributed on poverty basis. The sub-committee of Public Accounts Committee (PAC) examined the audit accounts of the
Published 29 Aug, 2015 12:00am
East Timor PM seeks to diversify economy with help of oil fund

East Timor PM seeks to diversify economy with help of oil fund

East Timor will tap into its $16.6 billion oil fund to build the necessary infrastructure to attract non-energy investment, the prime minister said on Wednesday, as disputes over undeveloped gas fields look to remain unresolved for years. Rui Araujo told
Published 29 Aug, 2015 12:00am
Payments glitch at HSBC leaves thousands of Britons without wages

Payments glitch at HSBC leaves thousands of Britons without wages

Thousands of Britons failed to receive their wages on Friday when a problem at Europe's biggest bank HSBC prevented some of its business customers from making payments. The glitch affected payments made by the companies through Britain's Bacs system, whic
Published 29 Aug, 2015 12:00am
Indonesia promises policy package soon for rupiah, economy
Currency

Indonesia promises policy package soon for rupiah, economy

Indonesia will soon unveil a policy package aimed at propping up the fragile rupiah and helping an economy growing at its slowest pace in six years, senior government officials said on Thursday. The package is expected to add to tax incentives announced o
Published 29 Aug, 2015 12:00am
Payments glitch at HSBC leaves thousands of Britons without wages

Payments glitch at HSBC leaves thousands of Britons without wages

Thousands of Britons failed to receive their wages on Friday when a problem at Europe's biggest bank HSBC prevented some of its business customers from making payments. The glitch affected payments made by the companies through Britain's Bacs system, whic
Published 29 Aug, 2015 12:00am
Toll narrows home sales forecast as revenue misses estimates

Toll narrows home sales forecast as revenue misses estimates

Toll Brothers Inc, the largest US luxury homebuilder, reported lower-than-expected third-quarter revenue as a lull in demand last year meant that it handed over fewer homes in the quarter, and the company narrowed its 2015 home sales forecast. Shares of T
Published 29 Aug, 2015 12:00am
Payments glitch at HSBC leaves thousands of Britons without wages

Payments glitch at HSBC leaves thousands of Britons without wages

Thousands of Britons failed to receive their wages on Friday when a problem at Europe''s biggest bank HSBC prevented some of its business customers from making payments. The glitch affected payments made by the companies through Britain''s Bacs system, wh
Published 29 Aug, 2015 12:00am
Toll narrows home sales forecast as revenue misses estimates

Toll narrows home sales forecast as revenue misses estimates

Toll Brothers Inc, the largest US luxury homebuilder, reported lower-than-expected third-quarter revenue as a lull in demand last year meant that it handed over fewer homes in the quarter, and the company narrowed its 2015 home sales forecast. Shares of T
Published 29 Aug, 2015 12:00am
SBP injects over Rs one trillion into system

SBP injects over Rs one trillion into system

State Bank of Pakistan (SBP) Friday injected over Rs 1 trillion into the banking system to reduce the widening liquidity gap. The State Bank conducted the Open Market Operation (injection) and received some 32 offers amounting to Rs 1.12 trillion for seve
Published 29 Aug, 2015 12:00am
Booming Irish retail sales add to string of strong data

Booming Irish retail sales add to string of strong data

Irish retail sales volumes rose 9.9 percent year-on-year in July, data showed on Friday, capping a week of strong job, house price and wage figures that indicated there was little prospect of the economic recovery abating. After growing by over 5 percent
Published 29 Aug, 2015 12:00am
SBP injects over Rs one trillion into system

SBP injects over Rs one trillion into system

State Bank of Pakistan (SBP) Friday injected over Rs 1 trillion into the banking system to reduce the widening liquidity gap. The State Bank conducted the Open Market Operation (injection) and received some 32 offers amounting to Rs 1.12 trillion for seve
Published 29 Aug, 2015 12:00am
Brazil primary budget gap widens in July

Brazil primary budget gap widens in July

Brazil's primary budget deficit widened more than expected in July, central bank data showed on Monday, threatening government efforts to eke out at least a small surplus this year to fend off a debt-rating downgrade. Brazil posted a primary budget defici
Published 29 Aug, 2015 12:00am
SBP injects over Rs one trillion into system

SBP injects over Rs one trillion into system

State Bank of Pakistan (SBP) Friday injected over Rs 1 trillion into the banking system to reduce the widening liquidity gap. The State Bank conducted the Open Market Operation (injection) and received some 32 offers amounting to Rs 1.12 trillion for seve
Published 29 Aug, 2015 12:00am
Legacy of 'rightist' General will live on

Legacy of 'rightist' General will live on

Within an hour of launching his Movement titled "Tehreek-e-Ittehad" at a local hotel in Rawalpindi by General Hameed Gul, the response to his call reached 2 lac 80 thousand approvals. Had the news been accessible to the teeming millions not enjoying the i
Published 29 Aug, 2015 12:00am
Equities extend gains

Equities extend gains

Karachi stocks maintained Thursday's bull-run adding another 486 points to KSE-100 index which closed at 34,447.47 Friday. Barring foreign investment, all the heads on KSE stock market report were positive on the week's last trading day. "Stocks closed sh
Published 29 Aug, 2015 12:00am
KARACHI CHRONICLE: Images and imagination

KARACHI CHRONICLE: Images and imagination

A fascinating talk by Tony Buzan, a renowned education consultant, was held at the Oxford University Press office last week, in which he stressed the importance of creativity to broaden the mind. Without imagination neither art nor science advances, he sa
Published 29 Aug, 2015 12:00am
Equities extend gains

Equities extend gains

Karachi stocks maintained Thursday's bull-run adding another 486 points to KSE-100 index which closed at 34,447.47 Friday. Barring foreign investment, all the heads on KSE stock market report were positive on the week's last trading day. "Stocks closed sh
Published 29 Aug, 2015 12:00am
Experiencing Hamburg's Speicherstadt, the latest UNESCO world site

Experiencing Hamburg's Speicherstadt, the latest UNESCO world site

"Willkommen, Welcome, Benvenuti": People from around the world, standing before the pyramids of Gizeh, the Taj Majal of India, the Statue of Liberty in New York or the Colosseum of Rome, are seen in a Youtube video welcoming the latest member of the club
Published 29 Aug, 2015 12:00am
Equities extend gains

Equities extend gains

Karachi stocks maintained Thursday''s bull-run adding another 486 points to KSE-100 index which closed at 34,447.47 Friday. Barring foreign investment, all the heads on KSE stock market report were positive on the week''s last trading day. "Stocks closed
Published 29 Aug, 2015 12:00am
ART FACTS: Obsession with watercolour

ART FACTS: Obsession with watercolour

Moazzam Ali is one of our celebrated master watercolour artists. An alumnus of the Karachi School of Arts (KSA) he completed his graduation in Fine Arts in 1980 securing First Class First Position and a gold medal in the province of Sindh. Moazzam Ali is
Published 29 Aug, 2015 12:00am
BRIndex30 up 335.26 points

BRIndex30 up 335.26 points

On Friday, BRIndex30 opened at 21,167.94 points and remained positive throughout the trading session. It touched an intraday high of 21,542.80 points and an intraday low of 21,183.16 points and closed at 21,503.20 points which was 335.26 points or 1.58 pe
Published 29 Aug, 2015 12:00am
Coral gets bailed out by an enemy

Coral gets bailed out by an enemy

Under attack from hordes of ravenous starfish, Pacific coral is getting help from an unexpected source - seaweed, an arch enemy, researchers said on Wednesday. Seaweed is no friend of the fragile ecosystems of coral reefs, pumping out harmful chemicals, b
Published 29 Aug, 2015 12:00am
BRIndex30 up 335.26 points

BRIndex30 up 335.26 points

On Friday, BRIndex30 opened at 21,167.94 points and remained positive throughout the trading session. It touched an intraday high of 21,542.80 points and an intraday low of 21,183.16 points and closed at 21,503.20 points which was 335.26 points or 1.58 pe
Published 29 Aug, 2015 12:00am
What is Bitcoin?
Currency

What is Bitcoin?

Frenchman Mark Karpeles, 30, the CEO of collapsed Bitcoin exchange MtGox, has been arrested in Tokyo on theft allegations as Japanese investigators grill him over the disappearance of hundreds of millions of dollars worth of the virtual currency.
Published 29 Aug, 2015 12:00am
CM terms raids 'attacks on Sindh', criticises Asim's arrest

CM terms raids 'attacks on Sindh', criticises Asim's arrest

Chief Minister (CM) Sindh Syed Qaim Ali Shah on Friday termed raids being carried out by the federal agencies in Sindh "attacks on the province". He said that "Pakistan is a state, not a jungle." According to him, Federal Investigation Agency (FIA) has no
Published 29 Aug, 2015 12:00am
Mobile websites vs dedicated apps, pros and cons

Mobile websites vs dedicated apps, pros and cons

News, airline and social media sites often nag their users to install their own special apps, instead of visiting the sites with a smartphone browser. Often there's not much of a visible difference between what the app provides and what you see on the reg
Published 29 Aug, 2015 12:00am
CM terms raids 'attacks on Sindh', criticises Asim's arrest

CM terms raids 'attacks on Sindh', criticises Asim's arrest

Chief Minister (CM) Sindh Syed Qaim Ali Shah on Friday termed raids being carried out by the federal agencies in Sindh "attacks on the province". He said that "Pakistan is a state, not a jungle." According to him, Federal Investigation Agency (FIA) has no
Published 29 Aug, 2015 12:00am
Tanorexia: when getting a tan becomes an addiction

Tanorexia: when getting a tan becomes an addiction

On a warm August evening in Madrid a steady stream of tanned customers parade out of a tanning salon - even in sunny Spain, the need to catch some rays can turn into an addiction. The Spanish capital receives an average of 2,749 hours of sunshine per year
Published 29 Aug, 2015 12:00am
UK border force imposes civil penalty on PIA MD

UK border force imposes civil penalty on PIA MD

The UK border force has imposed a civil penalty of up to £10,000 (pounds) on the Managing Director Pakistan International Airlines (PIA) Shahnawaz Rehman over non-compliance of its requirement; it was learnt. In a letter sent to Shahnawaz Rehman, Teresa H
Published 29 Aug, 2015 12:00am
Japanese engineer develops world's first 'car in a bag'

Japanese engineer develops world's first 'car in a bag'

Pocket-sized personal transporters could soon be seen on the streets of Tokyo. A Japanese engineer has developed a portable transporter small enough to be carried in a backpack that he says is the world's first 'car in a bag'. Twenty-six-year-old Kuniako
Published 29 Aug, 2015 12:00am
ISE index improves 108.21 points

ISE index improves 108.21 points

Equities moved both ways at the Islamabad Stock Exchange (ISE) on Friday where investors adopted a cautious approach under the lead of hot favourite amid increase in index. ISE Ten Index showed an improvement of 108.21 points as the ISE Ten Index moved fr
Published 29 Aug, 2015 12:00am
Titans elements exciting and exhilarating

Titans elements exciting and exhilarating

An exhibition titled "Titans: History in your hands" recently at Sanat Gallery, Karachi was one of its kind in Karachi. The exhibition featured rare and unique autographs and memorabilia from world renowned personalities including different posters and ph
Published 29 Aug, 2015 12:00am
ISE index improves 108.21 points

ISE index improves 108.21 points

Equities moved both ways at the Islamabad Stock Exchange (ISE) on Friday where investors adopted a cautious approach under the lead of hot favourite amid increase in index. ISE Ten Index showed an improvement of 108.21 points as the ISE Ten Index moved fr
Published 29 Aug, 2015 12:00am
BRIDGE NOTES: The life sustaining entry

BRIDGE NOTES: The life sustaining entry

Bridge is a thinking game. Without giving a close thought to the possible sources that can provide that extra trick that you need for the making of your tight contract bid, one would always be a loser. For those who play first and think later, Bridge beco
Published 29 Aug, 2015 12:00am
'One Direction will take break but not split'

'One Direction will take break but not split'

British-Irish boyband One Direction is to take a break next year, two members said on Monday, quickly reassuring the group's passionate fanbase that they had no plans to split up. The comments followed a report in British newspaper The Sun citing a "1D so
Published 29 Aug, 2015 12:00am
Mind-controlled movie: a quantum leap for cinema?

Mind-controlled movie: a quantum leap for cinema?

Watching a movie has traditionally been a largely passive experience. But what if the person watching could influence what happens on-screen via their brainwaves? An experimental short-film called 'Scanners' aims to create a platform that bridges the gap
Published 29 Aug, 2015 12:00am
SECP files reference against brokerage house

SECP files reference against brokerage house

The Securities and Exchange Commission of Pakistan (SECP) has filed a reference/complaint against a brokerage house of Karachi Stock Exchange (KSE) to National Accountability Bureau for initiating enquiry under the NAB Ordinance. Earlier, the KSE in mid-J
Published 29 Aug, 2015 12:00am
New York cotton

New York cotton

The fluctuations observed during the day:

Published 29 Aug, 2015 12:00am
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