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Author Archives: Shahid Imran

Closing: KSE takes mammoth jump of 381pts, up 1.12% towards 32000pts mark

KARACHI: The Karachi Stock Exchange benchmark KSE 100-index gained 381 points or 1.12 percent to reach 31680.72 points and volume of 201,904,440 shares on Tuesday. The market opened at the overnight closing of 31299.72 points and remained on positive noted. The benchmark KSE 100-index appeared buoyant and set the pace to cross the 32,000 level. The bull-run helped the market ... Read More »

Telenor extends 3G service to 45 cities

ISLAMABAD: Telenor Pakistan has declared to extend its 3G footprint to 45 cities by the end of October. Initially Lahore, Khanewal, Malakand, Rahim Yar Khan, Murree and Nathia Gali, and Lower Dir, Mansehra, Sukkur, Larkana, Ghotki and Bhakkar will be equipped with 3G service by the end of this month. A free trial of 3G services will be offered to customers ... Read More »

Closing: KSE gains 102pts, up 0.33% despite warnings of Imran

KARACHI: KARACHI: The Karachi Stock Exchange benchmark KSE 100-index gained 101.74 points or 0.33 percent to reach 31299.72 points and volume of 238,689,700 shares on first day of trading, Monday. There were rumours of downward trend as Pakistan Tehreek-e-Insaf Chairman Imran Khan has warned government if they do not agree his demands, he will going to shut down all business ... Read More »

Toyota unveils $57,500 hydrogen-powered Mirai to replicate Prius success

OKYO: Toyota Motor Corp has left its counterparts behind by introducing the world’s first car that is run on hydrogen instead of gasoline. The company will introduce this first mass-market fuel cell vehicle, hoping to replicate the success of its Prius hybrid. The four-seater sedan, named Mirai, the Japanese word for “future”, will first go on sale in four cities ... Read More »

KSE 100-Index plunges 52pts, down 0.17% on upcoming PTI showdown

KARACHI: The fast-changing political scenario and fears of a looming political showdown on Nov 30 caused ripples in the Karachi Stock Exchange as benchmark KSE 100-index lost 51.72 points or 0.17 percent and plunged to 31218.38 points and volume of 166,378,330 shares on last day of trading, Friday. The stocks failed to cash in on the euphoria created by Pakistan’s ... Read More »

Closing: KSE plunges 52pts, down 0.17% on upcoming PTI showdown

KARACHI: The fast-changing political scenario and fears of a looming political showdown on Nov 30 caused ripples in the Karachi Stock Exchange as benchmark KSE 100-index lost 51.72 points or 0.17 percent and plunged to 31218.38 points and volume of 166,378,330 shares on last day of trading, Friday. The stocks failed to cash in on the euphoria created by Pakistan’s ... Read More »

Closing: KSE plunges 184 pts, down 0.59% as weeklong uncertainty haunts investment trends

KARACHI: The Karachi Stock Exchange lost 184.37 points or -0.59 percent to reach 31270.10 points and volume of 117,327,160 shares on Thursday. Earlier, the KSE gained 53.29 points or +.17 per cent to reach 31507.76 points amid the news reports that the government has sold over $1 billion Sukuk bonds at international market. The stock witnessed maximum trading at 31545.14 ... Read More »

Closing: KSE recovers 231pts, up 0.74% to close in green zone

KARACHI: The Karachi Stock Exchange recovers 230.73 points or +0.74 percent to reach 31454.47 points and volume of 145,707,940 shares on Wednesday. The KSE share-100 index opened at overnight closing of 31,223 and appeared confidence, going up steadily. The market set the pace for the day trading, boosting confidence of the investors. Though the traders exercised cautioned, the trading remained ... Read More »

Closing: KSE bounces back with 231pts, up 0.74% to close at 31454.47pts

KARACHI: The Karachi Stock Exchange recovers 230.73 points or +0.74 percent to reach 31454.47 points and volume of 145,707,940 shares on Wednesday. The KSE share-100 index opened at overnight closing of 31,223 and appeared confidence, going up steadily. The market set the pace for the day trading, boosting confidence of the investors. Though the traders exercised cautioned, the trading remained ... Read More »

Rs5b allotted for Customs Collectorate near Wazirabad: FBR

SIALKOT: The Punjab Board of Revenue has allotted as many as five acres of land for establishing a Model Customs Collectorate along the River Chenab Toll Plaza near Wazirabad. Now, the construction of proposed MCC would begin soon in this regard. According to the senior FBR officials, the federal government had finally approved a mega plan of establishing a Model Customs ... Read More »

Ebola patient, Zulfiqar, dies of Dengue fever

FAISALABAD: First suspected patient of Ebola Virus Disease (EVD) has died and medical examination showed that the patient was not an ebola victim rather was in the terminal stage of hepatitis C and dengue hemorrhagic fever. Zulfiqar Ahmad died at the Allied Hospital in Faisalabad last night, was a resident of Chiniot district and had returned to Pakistan on November 16 ... Read More »

Closing: KSE loses 93pts, down 0.30% to close at 31223.7pts ahead of PTI big show

KARACHI: The Karachi Stock Exchange lost another 93.22 points or -0.30 percent to reach 31223.74 points and volume of 103,084,430 shares on Tuesday as PTI going to organize ‘big’ public meeting in Islamabad on Nov 30 this week. The market opened on negative note and remained bullish, forcing investor to exercise caution. Stocks remained bearish ahead of PTI’s call for ... Read More »

Closing: KSE sheds 178pts, down 0.56% to close at 31316.96pts

KARACHI: The Karachi Stock Exchange lost 177.88 points or +0.89 percent to reach 31316.96 points and volume of 115,756,480 shares on first day of trading, Monday. Earlier, the Karachi Stock Exchange climbed up to 31567 points and set the pace for trading, keeping the investors’ confidence afloat. However, despite positive note, it lost half of its gains to decline to ... Read More »

Weekly review: KSE-100 stays in green, gains 174.45pts to rally towards 32000pts

KARACHI: The Karachi Stock Exchange (KSE) 100-index witnessed quit dramatic week as at one time you were guessing that market is going to break all previous record but on second day you see it losing hundreds of its precious points. The market opened on positive sentiments on the first day of trading and gained 174.45 points in the week-long trading, ... Read More »

Resilient Karachi stocks recoup losses with 279.48pts, on course to cross 32000pts

KARACHI: The Karachi Stock Exchange recouped its losses of previous two days by gaining 279.48 points on the last day of trading on Friday. On Thursday, panic gripped the Karachi Stock Exchange after bears assailed the market, pushing investors to book profit in the lead of mutual funds. At least 517.25 points or 1.63 percent of cash had been washed ... Read More »

Return filing extended to Dec 5: FBR exempts penalty on late submissions

ISLAMABAD: The Federal Finance Minister Ishaq Dar has decided that the taxpayers who file their returns for tax year 2014, by or before 5th December, 2014  should be exempted from payment of penalty for late filing of return and default surcharge for late payment of tax. It is worthy to note that Customs Today had predicted that FBR would extend the ... Read More »

1,000 kg opium seized, two arrested

LAHORE: The Excise officials seized 1,000 kg opium in a huge quantity has seized from Sargodha. The officials said that they stopped a Lahore-bound truck at a check point setup in the Bhagtanwala police precincts and seized the drug and arrested two accused Altaf Hussain and Qamar Shahzed. Police have registered a case against the accused and impounded the vehicle. ... Read More »

Closing: KSE recovers 279pts, up 0.89% on investors’ confidence

KARACHI: The Karachi Stock Exchange shrugged off the gloom of previous two days and set its pace for the upward march and gained 279.48 points or +0.89 percent to reach 31518.52 points and volume of 89,545,590 shares on last day of trading, Friday. The Karachi Stock Exchange opened on a positive note and set off on the recourse to remedy ... Read More »

Collector Mukaram warns against political pressure in transfers, postings

LAHORE: MCC Collector of Customs (Preventive) Mukaram Jah has warned that political pressure by officials to get lucrative posts in the collectorate will be discouraged. In a circular issued here on the Wednesday, the collector of customs preventive said that the Federal Board of Revenue (FBR) has strictly prohibited the officers and all the other staff members from exerting political ... Read More »

Google Nexus 6 to fiercely battle Apple’s iPhone 6

NEW YORK: World’s largest internet search company, Google, is all set to challenge Apple’s iPhone 6 and other smartphones with the launch of its Nexus 6 smartphone with a massive 5.9-inch screen. Google has suitably codenamed its next Nexus phone as “Shamu” after the giant killer whale. For its rumored Nexus 6 smartphone, Google is planning to add a Quad-HD ... Read More »