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Author Archives: Shahid Imran

US court seeks $10,000 in damages for each user from Facebook for scanning messages

NEW YORK: Facebook is being sued for scanning private messages for the sake of converting information into targeted ads for the user.  Although Facebook has supposedly stopped doing so since 2012, the court says that Facebook still has a lot to answer for. The case was actually filed back in 2013 by Matthew Campbell on behalf of Facebook users in ... Read More »

Upgraded $109,000 Tesla Roadsters can out-drag Ferrari, hitting 60mph in 3.7sec

LOS ANGELES: Tesla has upgraded its $109,000 electric sports car, Roadsters, with a huge boost to its battery, enabling it to drive 400 miles on a single charge. To prove the capabilities, Tesla CEO Elon Musk revealed the firm plans to drive the car from San Francisco to LA in a single trip. The firm first released the roadster in ... Read More »

Three Collectorates of Appraisement-South, NBP branches to remain open on Dec 31

KARACHI: All the three Model Customs Collectorates of Appraisement-South as well as designated branches of the National Bank of Pakistan would remain open from 9am until 8pm on December 31. The collectorates of East, West and Port Qasim would remain open until 8pm to ensure that duties and taxes are collected on the last day of 2014, which is also ... Read More »

Closing: KSE 100-index posts marginal gains, up 47pts to touch 32,000pts mark

KARACHI: The Karachi Stock Exchange benchmark 100-index gained 47.16 points or 0.15 percent to reach 31953.90 points and volume of 146,940,180 shares on Tuesday. Earlier, KSE lost 11.21 points or 0.04 percent to slide to 31895.33 points in early trading. The market opened at the overnight closing of 31,906.74 points and remained in negative zone, failed to boost confidence of the ... Read More »

KSE 100-index loses 86pts, down 0.27% as standoff persists between govt, PTI

KARACHI: The Karachi Stock Exchange benchmark KSE 100-index lost 86.27 points or 0.27 percent to reach 31906.74 points and volume of 142,478,050 shares on first day of trading, Monday as Pakistan Tehreek-e-Insaf again threatened government of sit-ins as dead lock continued between both sides. The market opened at the weekend closing and appeared sluggish, going down below 32,000 points to ... Read More »

KCCI vows to stand with govt in fight against terrorism, sectarianism

  KARACHI: Chairman of Evacuee Trust Property Board (ETPB), Siddiqueul Farooq has said that continuity of constitution and democracy were the only solution to the ills being faced by Pakistan. Peace, political stability and energy crisis are amongst top priorities of the present government as without these, economic progress and prosperity cannot be ensured, he added. Speaking at a meeting ... Read More »

LCCI urges govt to ensure adequate gas, electricity supplies

    LAHORE: Expressing deep concerns over deepening gas and electricity crises the Lahore Chamber of Commerce and Industry (LCCI) has urged the government to remove inefficiencies in the system to ensure adequate supplies throughout Pakistan. In a statement issued here, the LCCI Ijaz A. Mumtaz said that due to severe energy crisis, the investment scenario has spoiled in the ... Read More »

Closing: KSE 100-index loses 86pts, down 0.27% as standoff persists between govt, PTI

KARACHI: The Karachi Stock Exchange benchmark KSE 100-index lost 86.27 points or 0.27 percent to reach 31906.74 points and volume of 142,478,050 shares on first day of trading, Monday as Pakistan Tehreek-e-Insaf again threatened government of sit-ins as dead lock continued between both sides. The market opened at the weekend closing and appeared sluggish, going down below 32,000 points to ... Read More »

Motorola Nexus 6 with 32/64GB available in $649.99 while Midnight Blue model in $699.99 price

NEW YORK: Users have a choice of purchasing the Google Nexus 6 in White or Blue with 32/64GB of internal storage. The 32 GB version is going to cost fans $649.99 while the Midnight Blue model comes with a higher $699.99 price tag. As for the shipping, customers ordering the handset now might have to wait for a few days ... Read More »

200 horsepower Ariel Nomad introduced with 4-cyclinder, 6-speed manual gearbox

SYDNEY: Ariel Motor Company has introduced new model named Ariel Nomad which will be showcased at Auto-sport International in January. Described by Ariel Motor Company boss Simon Saunders as being the “Atom’s mucky brother”, the new two-wheel drive Nomad comes with a significantly higher ground clearance and has chunky tires suitable for off-roading. The off-road vehicle also benefits from a long-travel ... Read More »

KSE-100 down 0.09% as vigilant trading takes back 32,000pts status

KARACHI: The Karachi Stock Exchange benchmark KSE 100-index lost 28.46 points or 0.09 percent to reach 31971.55 points and volume of 151,928,690 shares on last day of trading, Friday. Earlier, stocks continued moving upward in a confident manner and KSE 100-index gained 129.25 points or 0.40 percent to reach 32,129 points in early trading. The market opened at yesterday’s closing ... Read More »

Closing: KSE-100 slightly down as vigilant trading takes back 32,000pts status

KARACHI: The Karachi Stock Exchange benchmark KSE 100-index lost 28.46 points or 0.09 percent to reach 31971.55 points and volume of 151,928,690 shares on last day of trading, Friday. Earlier, stocks continued moving upward in a confident manner and KSE 100-index gained 129.25 points or 0.40 percent to reach 32,129 points in early trading. The market opened at yesterday’s closing ... Read More »

Closing: KSE-100 slightly down as vigilant trading takes back 32,000pts status

KARACHI: The Karachi Stock Exchange benchmark KSE 100-index lost 28.46 points or 0.09 percent to reach 31971.55 points and volume of 151,928,690 shares on last day of trading, Friday. Earlier, stocks continued moving upward in a confident manner and KSE 100-index gained 129.25 points or 0.40 percent to reach 32,129 points in early trading. The market opened at yesterday’s closing ... Read More »

KSE 100-index gains 249.63pts, touches 32,000pts mark as reserves cross $15b

KARACHI: The Karachi Stock Exchange benchmark KSE 100-index gained 249.63 points or 0.79 percent to reach 32000.01 points and volume of 200,246,400 shares on Wednesday as the country’s reserves cross $15 billion mark after IMF’s tranche of $1.05 billion. Earlier, the country’s largest stock market started with positive note and gained 85 points or 0.27% to reach 31576.76 points with ... Read More »

KSE 100-index gains 249.63pts, touches 32,000pts mark as reserves cross $15b

KARACHI: The Karachi Stock Exchange benchmark KSE 100-index gained 249.63 points or 0.79 percent to reach 32000.01 points and volume of 200,246,400 shares on Wednesday as the country’s reserves cross $15 billion mark after IMF’s tranche of $1.05 billion. Earlier, the country’s largest stock market started with positive note and gained 85 points or 0.27% to reach 31576.76 points with ... Read More »

Funeral prayer of Chief Collector Saleem’s mother-in-law offered

KARACHI: The funeral prayer of the mother-in-law of the Chief Collector-Enforcement (South) Muhammad Nazim Saleem was offered after the Zuhr prayers at Tooba Mosque (Gol Masjid) situated in Defence Phase-II here on Tuesday. A large number of customs officers, retired officers and officials attended the funeral prayers of the deceased while officers of different FBR’s wings were also present on ... Read More »

Punjab Excise Dept initiates inquiry against 18 suspended officials

LAHORE: The Excise and Taxation Department has started investigations against 18 officials, who were suspended over the charges of corruption and irregularities. The departmental action will be taken against these officials after completion of investigations. These officials were suspended on corruption and mismanagement charges. They were involved in manipulation and tempering in token tax record.  They used to manipulate life ... Read More »

Closing: Karachi stocks manage to touch 32,000pts mark as reserves cross $15b

KARACHI: The Karachi Stock Exchange benchmark KSE 100-index gained 249.63 points or 0.79 percent to reach 32000.01 points and volume of 200,246,400 shares on Wednesday as the country’s reserves cross $15 billion mark after IMF’s tranche of $1.05 billion. Earlier, the country’s largest stock market started with positive note and gained 85 points or 0.27% to reach 31576.76 points with ... Read More »

Karachi Stocks rebound with 197pts, up 0.64% to regain 31,000pts status

KARACHI: The Karachi Stock Exchange benchmark KSE 100-index gained 196.62 points or 0.64 percent to reach 31024.07 points and volume of 90,683,420 shares on last day of trading, Friday. The KSE gained 16 points to reach 30843.58 till midday as the 100-index touched the maximum level of 30909.65 and minimum level of 30756.22 points. Earlier, the country’s largest stock market ... Read More »

Closing: KSE-100 adds another 197pts, up 0.64% to regain 31,000pts status

KARACHI: The Karachi Stock Exchange benchmark KSE 100-index gained 196.62 points or 0.64 percent to reach 31024.07 points and volume of 90,683,420 shares on last day of trading, Friday. The KSE gained 16 points to reach 30843.58 till midday as the 100-index touched the maximum level of 30909.65 and minimum level of 30756.22 points. Earlier, the country’s largest stock market ... Read More »