Dr Tariq Hassan, Chairman, Securities and Exchange Commission of Pakistan (SECP) has assured the new board of Karachi Stock Exchange of continued support and consultative process for holistic regulation of financial sector.
The import of over three million tonnes of High Speed Diesel (HSD) will be shifted from the Karachi Port to Fauji Oil Terminal Company (Fotco) oil terminal at Port Qasim with the completion of White Oil Pipeline Project (WOPP) in the first quarter of 2004
The import of over three million tonnes of High Speed Diesel (HSD) will be shifted from the Karachi Port to Fauji Oil Terminal Company (Fotco) oil terminal at Port Qasim with the completion of White Oil Pipeline Project (WOPP) in the first quarter of 2004
A seesaw trend was witnessed in the local stock market on the last day of trading, where share values remained highly volatile with the index making a negative closing.
A seesaw trend was witnessed in the local stock market on the last day of trading, where share values remained highly volatile with the index making a negative closing.
Investors adopted cautious approach at Karachi Stock Exchange and the last session of the week on Friday closed with marginal gains, and difference between losers and gainers was quite narrow but presence of institutions was witnessed in fuel, gas and tel
Investors adopted cautious approach at Karachi Stock Exchange and the last session of the week on Friday closed with marginal gains, and difference between losers and gainers was quite narrow but presence of institutions was witnessed in fuel, gas and tel
To ensure import of high quality wheat, the Ministry of Food and Agriculture and Livestock (MINFAL) has asked the Central Board of Revenue (CBR) to check the approved documents/specifications of imported wheat for clearance of wheat consignments at the po
To ensure import of high quality wheat, the Ministry of Food and Agriculture and Livestock (MINFAL) has asked the Central Board of Revenue (CBR) to check the approved documents/specifications of imported wheat for clearance of wheat consignments at the po
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 Comm
To ensure import of high quality wheat, the Ministry of Food and Agriculture and Livestock (MINFAL) has asked the Central Board of Revenue (CBR) to check the approved documents/specifications of imported wheat for clearance of wheat consignments at the po
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
The Central Board of Revenue (CBR) has asked the registered exporters to avail exemption of sales tax on input goods/raw material under Duty and Tax Remission (DTRE) scheme without maintaining computer record.
The Central Board of Revenue (CBR) has asked the registered exporters to avail exemption of sales tax on input goods/raw material under Duty and Tax Remission (DTRE) scheme without maintaining computer record.
Coffee bean exports from Ivory Coast's south-western port of San Pedro totalled 3,276 tonnes from October to December, down nearly 34 percent from the same 2002 period, port data showed on Thursday.
A gas cylinder filled with explosives and strapped to a bicycle blew up outside a packed Shia mosque in central Iraq as Friday prayers ended, killing at least six people and injuring dozens.
Poland's importers will likely bring in up to 500,000 tonnes of Brazilian maize under a duty-free quota to be used by the end of April, grain traders said on Friday.
A gas cylinder filled with explosives and strapped to a bicycle blew up outside a packed Shia mosque in central Iraq as Friday prayers ended, killing at least six people and injuring dozens.
Cereals office ONIC is next week expected to raise its forecast for French soft wheat ending stocks in the 2003/2004 season by half a million tonnes to 2.3 million tonnes, traders said on Friday.
Turkey has signed a protocol to abolish the death penalty even in wartime as it seeks to meet European Union criteria to begin entry talks, Foreign Ministry officials said on Friday.
The death toll after an overloaded bus crashed into a canal in Bhakkar rose to 54 on Friday after emergency workers recovered dozens more bodies from the wreckage. The bus plunged into the canal on Thursday afternoon.
The US government on Friday lowered the national terror threat level to 'elevated' from 'high', though security will remain tight in some sectors, including aviation.
US Under Secretary Richard Armitage on Friday expressed confidence that the Kashmir dispute will be resolved to the mutual satisfaction of Pakistan, India and the Kashmiri people.
US Under Secretary Richard Armitage on Friday expressed confidence that the Kashmir dispute will be resolved to the mutual satisfaction of Pakistan, India and the Kashmiri people.
President Pervez Musharraf has said that talks would be held with India soon to open Khokhrapar route and reopening of Indian consulate general in Karachi and Pakistani consulate in Mumbai.
PSA Corp Ltd, which runs the world's second-busiest container port after Hong Kong, said on Friday it moved a record 18.1 million twenty-foot containers in Singapore last year and plans a major expansion to meet demand.
President Pervez Musharraf has said that talks would be held with India soon to open Khokhrapar route and reopening of Indian consulate general in Karachi and Pakistani consulate in Mumbai.
China Shipping Development Co Ltd said on Friday it planned to triple its oil tanker and cargo vessel fleets by the end of 2010 to increase its share of a fast-growing market.
After the highest bidder, Star Cotton Corporation Limited (STCCL), the second bidder, Haji Saifullah Group, has also refused to acquire 90 percent shares of Thatta Cement Company Limited (TCCL) for its offer of Rs 10.75 per share.
The Karachi Port handled 32,857 tonnes of cargo including 14,750 tonnes import and 18,107 tonnes export cargo during last 24 hours ending at 0700 hours on Friday.
After the highest bidder, Star Cotton Corporation Limited (STCCL), the second bidder, Haji Saifullah Group, has also refused to acquire 90 percent shares of Thatta Cement Company Limited (TCCL) for its offer of Rs 10.75 per share.
India's state-run Coffee Board has cut its crop forecast for the year to September 2004 after poor rains for a second year in a row hit key growing areas, a government source said on Friday.
A decline in the value of the dollar and word that the European Union would import some US soft wheat added buoyancy to Chicago Board of Trade wheat futures on Thursday.
Thailand, the world's top rice exporter, aims to boost shipments of the grain to eight million tonnes at higher prices this year as global stocks fall, a leading exporter said on Thursday.
The January vaida opened at Rs 447, and was quoted highest at Rs 449. Later it was down in depressed trading at Rs 447, which was the closing level too.
US FOB corn basis offers were lower on Thursday, but dealers said there were signs the market was bottoming out. Soyabeans basis values were steady to lower.
Change in prices were noted on Friday (January 09, 2004) as sugar was modestly down by Rs 10 to Rs 1630 and Rs 1690, yellow peas quoted at Rs 1425 and Rs 1455, Guwar down Rs 25 to Rs 1100 and Rs 1125.
A lobby group representing European Union aluminium consumers on Thursday welcomed the probe into the London Metal Exchange (LME) market, saying price trends had been at odds with stock levels.
Minneapolis Grain Exchange spring wheat futures closed mixed on Thursday in choppy trading, taking their cue from the volatile CBOT market, traders said.
The quality of the US cotton crop in 2003 is the best it has been in several years, especially since most areas enjoyed near-ideal growing weather, a USDA official said Thursday.
CSCE coffee futures finished lower on Thursday in a largely sideways session as traders did some last-minute book squaring ahead of Friday's option expiration, dealers said.
US soyabean growers and government officials have no plans yet to seek regulations on imports of South American soybeans or soy products to avoid the spread of Asian soybean rust into the United States.
Tokyo rubber futures rose on Friday after the yen stumbled against the dollar due to what appeared to be massive intervention by the Japanese authorities, jolting the rubber market from its doldrums ahead of a long weekend.
India's edible oil imports hit a five-year low in December after a record winter oilseed crop and the trend is likely to continue over coming months with a bumper summer crop forecast, a senior industry official said.
Soyabean futures at the Chicago Board of Trade ended higher on Thursday, led by gains in soyaoil amid talk of fresh Chinese interest in South American oil, traders said.
The state-owned Taiwan Sugar Corp will tender on Wednesday for a combined shipment of 20,000 tonnes of US corn and 15,000 tonnes of US soyabeans, an executive at the company said on Friday.
Prices at Sri Lanka's two-day natural rubber auction rose this week on solid demand from Japan and Singapore, but dealers warned on Friday unusually dry weather could signal a steep drop in volumes in the coming weeks.
US light crude prices hit a nine-month high on Friday, propelled by worries that a cold snap in the United States would draw down crude stocks that are already at their lowest since 1975.
Tokyo gold futures rose across the board on Friday, hitting contract highs after the yen tumbled against the US dollar in what appeared to be a massive intervention by Japanese authorities.
Comex copper futures rallied to fresh 6-1/2 year highs on Thursday, as a sagging US dollar and metal supply concerns amid strong demand from China sparked frantic buying in New York and London trading, dealers said.
Comex gold rose in volatile trade on Thursday, tracking a recovering euro after the European Central Bank left interest rates steady, despite concern that a rallying currency will hamper a euro-zone economic recovery.
Rough rice futures at the Chicago Board of Trade ended about a penny higher in the front three months on Thursday on follow-through speculative buying amid thin volume, traders said.
London wheat futures finished on a mostly weaker note on Friday after a minor bout of selling activity by a handful of co-operatives and speculators helped to put old crop positions back in negative territory, dealers said.
London coffee prices soared on Friday on speculative interest and currency moves which lured buyers into the market despite the recent recovery in prices, dealers said.
Gold bullion breached a $425 resistance level in Friday afternoon trade in Europe after US data, which showed economic recovery had not yet led to sustained jobs growth, sent the dollar plunging to record lows against the euro, analysts said.
LIFFE cocoa futures rose sharply on Friday supported by speculative and trade buying as recent shorts began buying and pushed the market through resistance levels, dealers said.
NYCE cotton futures finished lower Friday in a quiet session that featured some light profit-taking ahead of Monday's USDA supply/demand report, traders said.
London Metal Exchange (LME) base metals ended Friday's open outcry steady, but the market was made nervous by disappointing US jobless data and volumes were thin, traders and analysts said.
Oil prices leapt to fresh post-Iraq war highs on Friday, driven by fears Arctic weather in the United States will eat into crude stocks that are already at their lowest since 1975.
Chicago Board of Trade wheat futures were mixed in choppy low-volume trading early on Friday as the market prepared for the release early Monday of USDA's January crop reports, traders said.
Chicago Board of Trade soybeans firmed on Friday on follow-through buying after Thursday's firm close and positioning before Monday's key USDA data, traders said.
Discounts on Hong Kong dollar forwards edged off morning lows by late Friday afternoon ahead of the release of December employment data in the United States.
The Swiss franc eased against the euro in early trade on Friday after the European Central Bank defied calls for an interest rate cut on Thursday, saying risks to economic recovery from a soaring euro were limited.
The dollar shot up more than two yen on Friday to its highest level in almost a month after what appeared to be massive intervention by the Japanese authorities.
The dollar fell 1 percent versus the euro on Thursday, losing gains after a key European banking official said an improving global economy should help European exporters bear the burden of a strong euro.
The Australian dollar edged to a fresh six and a half year high in Friday afternoon trade as the US dollar continued to struggle after the European Central Bank appeared little worried about the strength of the euro.
Asian currencies weakened on Friday after the yen slipped on suspected Japanese intervention, although some support was seen from strong equity markets and expectations of foreign portfolio investment.
The Indian rupee broke above the psychologically key 45.50 per dollar mark on Friday to close at an eight-week high, helped by trade remittances and foreign investments in the local stock market, dealers said.
Sterling rose to an 11-year peak against the dollar for the second straight session on Friday, passing $1.84 for the first time since late 1992 on the back of protracted dollar weakness and British rate hike expectations.