Print - 2016-07-30
References against Prime Minister: ECP to conduct hearing on August 3

References against Prime Minister: ECP to conduct hearing on August 3

Election Commission of Pakistan (ECP) on Friday announced that it would hold the hearing on Prime Minister Nawaz Sharif's disqualification case on August 03. The commission issued notices to petitioners in relation to maintainability of petitions seeking
Published 30 Jul, 2016 12:00am
It will become law from next week: Anusha

It will become law from next week: Anusha

Minister of State for Information Technology and Telecommunication Anusha Rehman has said that the amended "Electronic Crime Bill 2016" will be made a law next week to affectively deal with cyber crimes in the country. "The amended Bill will be presented
Published 30 Jul, 2016 12:00am
It will become law from next week: Anusha

It will become law from next week: Anusha

Minister of State for Information Technology and Telecommunication Anusha Rehman has said that the amended "Electronic Crime Bill 2016" will be made a law next week to affectively deal with cyber crimes in the country. "The amended Bill will be presented
Published 30 Jul, 2016 12:00am
It will become law from next week: Anusha

It will become law from next week: Anusha

Minister of State for Information Technology and Telecommunication Anusha Rehman has said that the amended "Electronic Crime Bill 2016" will be made a law next week to affectively deal with cyber crimes in the country. "The amended Bill will be presented
Published 30 Jul, 2016 12:00am
Cyber crime bill passed by Senate: opposition forces 50 amendments

Cyber crime bill passed by Senate: opposition forces 50 amendments

The Prevention of Electronic Crimes Bill (PECB), 2016 was unanimously passed by Senate on Friday after incorporating about 50 amendments of opposition, prominent of which included parliamentary and judicial oversight of the bill to control its misuse. The
Published 30 Jul, 2016 12:00am
Cyber crime bill passed by Senate: opposition forces 50 amendments

Cyber crime bill passed by Senate: opposition forces 50 amendments

The Prevention of Electronic Crimes Bill (PECB), 2016 was unanimously passed by Senate on Friday after incorporating about 50 amendments of opposition, prominent of which included parliamentary and judicial oversight of the bill to control its misuse. The
Published 30 Jul, 2016 12:00am
Cyber crime bill passed by Senate: opposition forces 50 amendments

Cyber crime bill passed by Senate: opposition forces 50 amendments

The Prevention of Electronic Crimes Bill (PECB), 2016 was unanimously passed by Senate on Friday after incorporating about 50 amendments of opposition, prominent of which included parliamentary and judicial oversight of the bill to control its misuse. The
Published 30 Jul, 2016 12:00am
Cyber crime bill passed by Senate: opposition forces 50 amendments

Cyber crime bill passed by Senate: opposition forces 50 amendments

The Prevention of Electronic Crimes Bill (PECB), 2016 was unanimously passed by Senate on Friday after incorporating about 50 amendments of opposition, prominent of which included parliamentary and judicial oversight of the bill to control its misuse. The
Published 30 Jul, 2016 12:00am
BRIndex30 gains 108.1 points

BRIndex30 gains 108.1 points

On Friday, BRIndex30 opened at 23,081.33 points. It touched an intraday high of 23,207.93 points and an intraday low of 22,926.06 points and closed at 23,189.43 points which was 108.1 points or 0.47 percent higher than previous close. Total volume was 102
Published 30 Jul, 2016 12:00am
BRIndex30 gains 108.1 points

BRIndex30 gains 108.1 points

On Friday, BRIndex30 opened at 23,081.33 points. It touched an intraday high of 23,207.93 points and an intraday low of 22,926.06 points and closed at 23,189.43 points which was 108.1 points or 0.47 percent higher than previous close. Total volume was 102
Published 30 Jul, 2016 12:00am
Stocks edge up
Cotton

Stocks edge up

The share market Friday ended higher with the KSE-100 index gaining 60 points to close at 39,529 points. The benchmark index moved both ways to hit the intraday high and low of 39,562 and 39,277 points. Trading turnover slid to 145 million shares the valu
Published 30 Jul, 2016 12:00am
Stocks edge up
Cotton

Stocks edge up

The share market Friday ended higher with the KSE-100 index gaining 60 points to close at 39,529 points. The benchmark index moved both ways to hit the intraday high and low of 39,562 and 39,277 points. Trading turnover slid to 145 million shares the valu
Published 30 Jul, 2016 12:00am
Stocks edge up
Cotton

Stocks edge up

The share market Friday ended higher with the KSE-100 index gaining 60 points to close at 39,529 points. The benchmark index moved both ways to hit the intraday high and low of 39,562 and 39,277 points. Trading turnover slid to 145 million shares the valu
Published 30 Jul, 2016 12:00am
Brewer SABMiller accepts AB InBev final offer

Brewer SABMiller accepts AB InBev final offer

Brewer SABMiller's board on Friday accepted a final take-over offer from rival Anheuser-Busch InBev, the company said in a statement, heralding what will be one of the world's biggest ever takeovers. The Belgium-based AB InBev had raised its cash offer to
Published 30 Jul, 2016 12:00am
Brewer SABMiller accepts AB InBev final offer

Brewer SABMiller accepts AB InBev final offer

Brewer SABMiller's board on Friday accepted a final take-over offer from rival Anheuser-Busch InBev, the company said in a statement, heralding what will be one of the world's biggest ever takeovers. The Belgium-based AB InBev had raised its cash offer to
Published 30 Jul, 2016 12:00am
Discos-FBR dispute finally lands in law ministry

Discos-FBR dispute finally lands in law ministry

The dispute between Federal Board of Revenue (FBR) and Distribution Companies (Discos) on the legality of taxes has reportedly landed in the Ministry of Law and Justice for a legal opinion as power sector is facing financial difficulties in meeting its ca
Published 30 Jul, 2016 12:00am
Discos-FBR dispute finally lands in law ministry

Discos-FBR dispute finally lands in law ministry

The dispute between Federal Board of Revenue (FBR) and Distribution Companies (Discos) on the legality of taxes has reportedly landed in the Ministry of Law and Justice for a legal opinion as power sector is facing financial difficulties in meeting its ca
Published 30 Jul, 2016 12:00am
Discos-FBR dispute finally lands in law ministry

Discos-FBR dispute finally lands in law ministry

The dispute between Federal Board of Revenue (FBR) and Distribution Companies (Discos) on the legality of taxes has reportedly landed in the Ministry of Law and Justice for a legal opinion as power sector is facing financial difficulties in meeting its ca
Published 30 Jul, 2016 12:00am
Murad elected new Sindh chief minister

Murad elected new Sindh chief minister

The Sindh Assembly on Friday elected the ruling PPP's Syed Murad Ali Shah as new Sindh Chief Minister who set education, healthcare and law and order as his government's top priorities. Murad, who is the former Sindh Finance Minister, secured 88 votes and
Published 30 Jul, 2016 12:00am
Murad elected new Sindh chief minister

Murad elected new Sindh chief minister

The Sindh Assembly on Friday elected the ruling PPP's Syed Murad Ali Shah as new Sindh Chief Minister who set education, healthcare and law and order as his government's top priorities. Murad, who is the former Sindh Finance Minister, secured 88 votes and
Published 30 Jul, 2016 12:00am
Transfers, postings in FBR

Transfers, postings in FBR

The Federal Board of Revenue (FBR) has transferred and posted 208 officers of Inland Revenue Service (BS-17 to BS 21) with immediate effect, according to three notifications issued on Friday. The FBR has transferred and posted 70 officers of BS 19-20 of I
Published 30 Jul, 2016 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Friday (July 29, 2016).

Published 30 Jul, 2016 12:00am
Money Market Report
Currency

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Friday (July 29, 2016).
Published 30 Jul, 2016 12:00am
Currency notes: exchange rates
Currency

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Friday (July 29, 2016).

Published 30 Jul, 2016 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Friday (July 29, 2016).

Published 30 Jul, 2016 12:00am
Barclays bid rates and maximum rates for payment of interest

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) - issued by the Foreign Exchange Rates Commi
Published 30 Jul, 2016 12:00am
State Bank of Pakistan conversion rates
Currency

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Published 30 Jul, 2016 12:00am
New York cotton

New York cotton

The fluctuations observed during the day:

Published 30 Jul, 2016 12:00am
New York cotton

New York cotton

The fluctuations observed during the day:

Published 30 Jul, 2016 12:00am
BRIDGE NOTES: Keep all doors open

BRIDGE NOTES: Keep all doors open

Amazing as Bridge you need to keep all your options open in the play of the hand for it is only when several alternates present themselves that players generally falter in choosing the wrong line which in a particular layout is against the timing. Sometim
Published 30 Jul, 2016 12:00am
End of an era: VCR headed for outdated tech heaven

End of an era: VCR headed for outdated tech heaven

The clunky videocassette recorder is going the way of floppy disks, eight-track tapes and camera film as the world's last manufacturer ends production of the once booming home-video technology.
Published 30 Jul, 2016 12:00am
Daughter of Sudanese film legend preserves his legacy

Daughter of Sudanese film legend preserves his legacy

As she drove past an apartment complex on a street in Khartoum, Sara Jadallah turned silent. It was here that her late father, the legendary film-maker Jadallah Jubara, set up Sudan's first private film studio in the 1970s.
Published 30 Jul, 2016 12:00am
What's next for Rahat Fateh Ali Khan?

What's next for Rahat Fateh Ali Khan?

Singer Rahat Fateh Ali Khan, known for both Bollywood hits and Qawwali, Sufi devotional music that dates back more than 700 years, is taking the two genres to Britain in August for three concerts.
Published 30 Jul, 2016 12:00am
Strawberry: A small juicy red fruit

Strawberry: A small juicy red fruit

The celebrated English Physician and writer William Butler (1535-1618) was so much enamoured of strawberries that he could not help saying, "Doubtless God could have made a better berry but doubtless God never did."
Published 30 Jul, 2016 12:00am
Harry Potter's 'Cursed Child' story already a US best-seller

Harry Potter's 'Cursed Child' story already a US best-seller

Harry Potter is casting a spell, again, over the publishing industry Nine years after the publication of the seventh and last book in the best-selling boy wizard series, pre-orders for the script of a new, sold-out London play is the most pre-ordered book
Published 30 Jul, 2016 12:00am
Newly developed wheel converts any bicycle into an electric vehicle

Newly developed wheel converts any bicycle into an electric vehicle

Right off the bat, Michael Burtov said he and his team at technology start-up GeoOrbital did not re-invent the wheel. But, in a sense, they did. After two years and five prototypes, the Cambridge, Massachusetts-based start-up has developed a new type of e
Published 30 Jul, 2016 12:00am
African honeyguide birds aid hunters in rare, sweet partnership

African honeyguide birds aid hunters in rare, sweet partnership

A small African bird that guides people to bees' nests hoping to share honey and wax responds to hunters' special calls in a rare example of a partnership between wild animals and humans, scientists said last Thursday.
Published 30 Jul, 2016 12:00am
Round-the-world trips that made aviation history

Round-the-world trips that made aviation history

Whether in aircraft or hot-air balloons, with or without stop-offs, and sometimes solo: round-the-world trips by air have produced several records since 1924. Solar Impulse 2, which on Tuesday completed the first round-the-world journey using only solar e
Published 30 Jul, 2016 12:00am
Reducing children's exposure to violence - virtual and real

Reducing children's exposure to violence - virtual and real

Pediatricians, parents, industry and policymakers need to join forces to limit children's exposure to virtual and real violence, according to the American Academy of Pediatrics' Committee on Communications and Media.
Published 30 Jul, 2016 12:00am
What's in a neem!

What's in a neem!

Nature has blessed us with thousands of medicinal plants and trees. For ages, humans have trusted these trees to secure their health and cure scores of diseases. One such important medicinal plant is Neem tree. The large shady cool and astringent tree is
Published 30 Jul, 2016 12:00am
ART FACTS: Perspective and conscience
Currency

ART FACTS: Perspective and conscience

Shanzay Sabzwari's paintings take you to the world of money, power and fairy tales. She merged the two themes in a skilful style in her recent paintings exhibited in a solo show at Sanat Gallery, Karachi. Titled 'Tale as Old as Time' the current body of w
Published 30 Jul, 2016 12:00am
KARACHI CHRONICLE: The law for the elderly

KARACHI CHRONICLE: The law for the elderly

As a senior citizen I am still waiting for the benefits outlined in the Senior Citizens Bill, passed by the Sindh Provincial Assembly in April. That is the problem with the good work our legislators do: it is good in intention but practical action is not
Published 30 Jul, 2016 12:00am
Leadership: idiosyncrasies and vulnerabilities

Leadership: idiosyncrasies and vulnerabilities

In the study of leadership traits of great or even the not so great men reveals that in variably all of them have some quality habit or characteristic that distinguishes them fromthecrowd. Their respective insignia sometimes get identified with their pers
Published 30 Jul, 2016 12:00am
US natural gas futures fall to one week low

US natural gas futures fall to one week low

US natural gas futures dipped to a one week low on Wednesday on forecasts for less-hot weather over the next two weeks that is expected to trim power demand for the fuel to meet air conditioning use. On its last day as the front month, gas futures for Aug
Published 30 Jul, 2016 12:00am
Daily trading report of PMEX
Cotton

Daily trading report of PMEX

On Thursday, at Pakistan Mercantile Exchange (PMEX), value traded was PKR 3,484 million and the number of lots traded was 8,691. PMEX Commodity Index closed at 2,949. Major business was contributed by gold amounting to PKR 1,579 million followed by curren
Published 30 Jul, 2016 12:00am
US FOB Gulf soyabean premiums firmer on good demand

US FOB Gulf soyabean premiums firmer on good demand

Export premiums for soyabeans shipped from the US Gulf Coast were steady to firm on Wednesday on good demand from China, with values supported by rising CIF barge basis values, traders said. Basis values for soyabeans delivered to the Gulf by barge were a
Published 30 Jul, 2016 12:00am
CBOT wheat futures edge lower

CBOT wheat futures edge lower

Chicago Board of Trade wheat futures edged lower on Wednesday, giving back modest gains late in the session in sympathy with steep losses in Paris wheat futures, traders said. Wheat traded higher for much of the day in a short-covering rally and rebound f
Published 30 Jul, 2016 12:00am
EU wheat prices fall from 6-month highs

EU wheat prices fall from 6-month highs

European wheat prices fell on Wednesday, continuing a correction from six-month highs seen as overdone in view of ample global supplies while imports of Romanian wheat in France also weighed. Front-month September milling wheat on the Paris-based Euronext
Published 30 Jul, 2016 12:00am
Activity at Karachi & Qasim ports

Activity at Karachi & Qasim ports

The Karachi Port handled 122,872 tonnes of cargo comprising 101,314 tonnes of import cargo and 21,558 tonnes of export cargo including 5,909 loaded and empty containers during the last 24 hours ending at 0700 hours on Friday.
Published 30 Jul, 2016 12:00am
Prices continue to decline on cotton market
Cotton

Prices continue to decline on cotton market

Prices continued to decline on the cotton market on Friday in the process of trading, dealers said. The official spot rate gave up overnight gains, losing Rs 100 to Rs 6,350, dealers said. In Sindh seed cotton prices were unchanged at Rs 3100 and Rs 3200
Published 30 Jul, 2016 12:00am
No change on grain market

No change on grain market

According to the Daily Market Report, not a single change was seen on the local commodity market and oil seeds market on Friday.
Published 30 Jul, 2016 12:00am
HRW wheat bids little changed

HRW wheat bids little changed

Spot basis bids on Wednesday for hard red winter wheat in the southern US Plains were little changed as farmers monitored flat futures prices, merchandisers said. Ample domestic and global wheat supplies weighed on K.C. hard red winter wheat contracts. Fu
Published 30 Jul, 2016 12:00am
Brazil unemployment rises to 11.3 percent

Brazil unemployment rises to 11.3 percent

Brazil's unemployment rate rose to 11.3 percent in the second quarter, official data said Friday, as a drawn-out recession continued taking its toll. The figure stood three percentage points higher than the same period last year, said the government stati
Published 30 Jul, 2016 12:00am
France reports 'disappointing' zero growth

France reports 'disappointing' zero growth

French growth stagnated in the second quarter of the year, statistics bureau Insee reported Friday, a "disappointing" result that dashed hopes of a small economic expansion. France's gross domestic product (GDP) showed no change in the three months to Jun
Published 30 Jul, 2016 12:00am
Alphabet posts strong revenue on video market, stock surges

Alphabet posts strong revenue on video market, stock surges

Alphabet Inc, Google's parent, posted a 21.3 percent increase in second-quarter revenue, exceeding analysts' expectations, as the tech giant continued to nudge its vast advertising business toward mobile and capitalised on the boom in video. The sharp rev
Published 30 Jul, 2016 12:00am
Sony keeps profit outlook

Sony keeps profit outlook

Japan's Sony Corp said a strong yen and slower smartphone sales would weigh on its cash-generating image sensor business this year, but the popularity of its PlayStation 4 videogame should help it reach its profit target. Damage from earthquakes forced th
Published 30 Jul, 2016 12:00am
Sony keeps profit outlook

Sony keeps profit outlook

Japan's Sony Corp said a strong yen and slower smartphone sales would weigh on its cash-generating image sensor business this year, but the popularity of its PlayStation 4 videogame should help it reach its profit target. Damage from earthquakes forced th
Published 30 Jul, 2016 12:00am
Myanmar government launches thin economic policy

Myanmar government launches thin economic policy

Myanmar's government released a long-awaited economic policy on Friday, but the document was noticeably light on specifics and will likely do little to ease the concern of businesses that have grown frustrated with the lack of a detailed plan. At just thr
Published 30 Jul, 2016 12:00am
Russian central bank holds key rate over inflation fears

Russian central bank holds key rate over inflation fears

Russia's central bank on Friday held its key lending rate at 10.5 percent as inflationary pressures weighed off against trying to spur a faster economic bounce back. The Bank of Russia said in a statement that it made the move as "the decline in inflation
Published 30 Jul, 2016 12:00am
US growth lacklustre as firms run down inventories

US growth lacklustre as firms run down inventories

US economic growth unexpectedly remained tepid in the second quarter as inventories fell for the first time in nearly five years and business investment remained weak, offsetting robust consumer spending. Gross domestic product increased at a 1.2 percent
Published 30 Jul, 2016 12:00am