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  • KSE 100-Index drops 64.54pts

    The KSE 100-share index closed 0.19 percent or 64.54 points down at 33,039.19.

    High and Low were 33133.90 and 32953.74 respectively.

    Total volume traded in the market was 174,914,540 and in terms of value it was 7,811,667,596.

    Total traded companies were 325, among them 128 advanced, 173 declined while 24 went unchanged.

    Cement stocks dipped amid rumours that South Africa might impose anti-dumping duties on Pakistani exports, said Mohammad Rizwan from Topline Securities.

    The rupee ended weaker at 101.82/101.88 against the dollar compared with Thursday’s close of 101.77/101.82.

    Overnight rates in the money market fell to 6.00 percent from Thursday’s close of 7.00 percent.

     

     

  • Army Chief praises ISI’s role in counter terrorism

    He stated this during a briefing at ISI Headquarters today.

    General Sharif emphasized the need for more proactive and coordinated role of intelligence agencies for an effective counter terrorism campaign.

    The COAS appreciated ISI’s role in preventing numerous terrorist acts.

    The Director General, Inter-Services Intelligence (ISI), Lt Gen Rizwan Akhtar briefed him about internal and external security situation of the country and counter terrorism operations.

    The COAS also emphasized the need to further coordinate and synergise a combined civil-military intelligence effort at national level.

  • CM Punjab orders crackdown on sale of substandard meat

    Addressing a meeting through video link in Lahore on Friday, he said a massive crackdown will be conducted against the butchers involved in the crime of selling prohibited meat.

    “The negligence of authorities concerned on the issue will not be tolerated anymore”, warned CM Punjab.

    Shahbaz Sharif advised to declare selling of substandard, dead and prohibited meat as a non-bailable offense and take stern action against those find guilty of crime.

    Taking notice of the reports that wastes of hospitals are being used in animal foods, he said those involved  in such kind of disgusting activities will be taken to task.

    Furthermore, CM Punjab has announced a special package to relief people during the holy month of Ramadhan. He said subsidy of Rs. 3 billion on flour will be given to the province during Ramadan.

  • Sunny Leone booked for ‘posting obscene content on web’

    In a latest development, Sunny Leone has been booked by the local Indian police for alleged distribution of obscene content on web and social networking sites.

    Indian police said the offence was registered on Thursday night against the 34-year-old actor under Indian Penal Code besides the actor is also charged under Indian Representation of Women and IT Act.

    The offence was registered based on a complaint by one Anjali Palan (30) a housewife who stated that while surfing the internet she found several obscene posts and pictures of the actress, they said.

    Also, Palan found “objectionable” material on the actor’s website.

    “Such posts poison the minds of people and especially children,” she said in her complaint.

    The Dombivili police has transferred the case to the Cyber Crime cell of Thane police for further probe, the statement said.

  • Karachi attack: Opposition demands CM Sindh’s resignation

    A joint resolution was also passed in the House condemning the Karachi terrorist attack on Ismaili community that claimed 47 lives.

    The resolution was jointly presented by all the political parties in the House extending condolences to the Ismaili Community and their spiritual leader Prince Karim Agha Khan for their irreparable loss.

    Opposition leader in the Sindh Assembly Khwaja Izharul Hassan lamented and questioned the absence of CM Sindh. He said Mr. Shah should tender his resignation over government’s failure in containing law and order issues in the city.

    PML-F’s legislator Nusrat Sehar Abbasi said pronvincial chief executive was not making it to assembly following criticism of the lawmakers over his performance.

  • Eight killed in North Waziristan tribal clash

    The tribesmen of two clans have been engaged in a dispute over land since May 8th.

    Sources told that eight people have been killed and five injured in the fierce fighting in which rocket launchers, missiles and cannons were used.

    The markets and commercial centres have been closed Dattakhel area of North Waziristan tribal region due to the skirmishes which claimed several lives.

    The fighting has affected the normal life in the area causing shortage of food and other problems.

  • Art collector leaves NY waitresses $100,000

    Maureen Donohue-Peters, 53, got a call from a lawyer after Asian art collector Robert Ellsworth passed away, informing that her “something” had been left to her in his will.

    “I said ‘Oh my God!’. I did not expect anything. He’s a very generous man, he’s always been good to everybody,” Donohue-Peters said about Ellsworth, a patron at Donohue’s Steak House for more than half a century.

    Ellsworth left $100,000 to be split between Donohue-Peters and her 28-year-old niece Maureen Barrie.

    Donohue’s is an institution in Manhattan’s affluent Upper East Side.

    Its darkened dining room, wood-paneled walls and red tablecloths hearken back to an earlier era in traditional American dining, and the restaurant draws a loyal customer base.

    “It’s a big extended family,” Donohue-Peters said.

    Ellsworth was a renowned collector and seller of Asian art with a penchant for generosity.

    He donated some $22 million worth of Asian paintings to the Metropolitan Museum of Art in 1986, according to local media. The New York Post estimated he had a fortune of around $200 million.

    The art collector was a customer at the steak house from the beginning, he befriended Donohue-Peters’ father after the restaurant opened in 1950, the waitress said.

    After that, Ellsworth dined at the restaurant religiously, eventually becoming close to Donohue-Peters when she took over in 2000, waiting tables at the same time.

    “He had always a smile in his face. He always got the same food, same drink,” Donohue-Peters said.

    “I would give anything to have him back. No amount of money can replace him,” she said. -AFP

  • 30 minutes of exercise is key to health in old age

    For men in this age group, just a small amount of regular exercise — regardless of intensity — is as beneficial as giving up smoking, they said.

    The evidence comes from a major project in Norway called the Oslo Study.

    In it, doctors enrolled thousands of men born between 1923 and 1932, who were given health checkups and volunteered information about their lifestyle and physical activity.

    The initiative was launched in 1972-3 with a first survey among nearly 15,000 men.

    In 2000, the survey was repeated among the same group, of whom 12,700 had survived.

    Of these 5,700 were able or willing to continue in the research. By 2011, deaths reduced this total to just under 3,600.

    The researchers were struck by the impact of regular physical exercise during the 2000-2011 period, when the volunteers were aged in their seventies or eighties.

    “A mortality reduction of 40 percent was associated with a moderate use of time (30 minutes, six days a week) irrespective of whether the activity was light or vigorous,” their study said.

    Among those who exercised vigorously — defined as hard training several times a week — the lifespan was a whopping five years longer than among those who were sedentary.

    The study, led by Ingar Holme, a professor at the Norwegian School of Sports Sciences, is published online in the British Journal of Sports Medicine.

    Volunteers who took part in the study after the relaunch in 2000 were the healthiest survivors of the original batch, which potentially skews some of the data.

    But even when this is taken into account, the benefits of regular exercise were clear, the authors said.

    “Physical activity should be targeted to the same extent as smoking with respect to public health prevention efforts in the elderly,” they said. -AFP

  • India, China leaders try hand at “selfie” diplomacy

    Modi, who is visiting China this week to boost economic ties and discuss a persistent border dispute, is known for being at ease with social media, including a large follower base on Twitter.

    But such spontaneous displays online are rare for leaders in China, where discussion of politicians’ personal lives is taboo and details such as their exact birthdates are considered a state secret.

    Indian Prime Minister Narendra Modi takes a selfie using a cell phone with perfomers of the Taiji and Yoga event at the Temple of Heaven park in Beijing, China on May 15, 2015. – Reuters

     

    The selfie, which shows the leaders at a historical site smiling shoulder to shoulder, with Li squinting slightly in the sunlight, was posted on Modi’s Chinese microblog account.

    He spent the day in talks with Li during his three-day trip and is set to travel to the economic powerhouse of Shanghai on Saturday.

    Modi set up an account on the microblogging site Weibo, China’s answer to Twitter, ahead of his trip, prompting a flurry of mostly sceptical messages from the Chinese public.

    A woman poses for a selfie with a silica gel sculpture of Indian Prime Minister Narendra Modi, which was made by local sculpture artists, at a park in Xian, Shaanxi province, China.

    China’s leadership has experimented with more unscripted interactions in recent years. President Xi Jinping surprised residents near a popular Beijing shopping street when he took a stroll there last February.

    He also astonished customers at a modest steamed bun shop by turning up, paying for his own food and making small talk with other patrons.

    Many Weibo users reacted with delight to the two leaders’ selfie, with messages like “cute premier!”

    Others wondered why China’s own leaders had no social media presence.

    “Wouldn’t it be great if Premier Li had his own Weibo?” one user wrote. “Then we could respond to him directly.” – Reuters

  • PM Nawaz launches credit guarantee scheme for small farmers

    The launching ceremony of credit guarantee scheme was held at Prime Minister Office, Islamabad on Thursday. Federal Finance Minister Ishaq Dar, Federal Minister for National Food Security and Research Sikandar Hayat Khan Bosan, Governor State Bank of Pakistan (SBP) Ashraf Mahmood Wathra and Deputy Governor SBP Saeed Ahmad attended the ceremony.

    Speaking on the occasion, PM Nawaz said the scheme is a testament of government’s commitment to support the small farmers in increasing their productivity and income levels, and spurring growth in overall agricultural sector.

    The Prime Minister also directed banks to actively play their due role in extending loans to small farmers and marginalized segments of the society to enable them to contribute in socio-economic development of Pakistan.

    He congratulated Federal Minister for Finance and State Bank of Pakistan on their continuous efforts for improving the lives of farmers through enhancing their access to formal financing in the country.

    Prime Minister emphasized upon the need for banks to extend facilities to all deserving small scale borrowers to help them improve their living standards and get out of poverty trap.