US treasuries bid yields on Tuesday (January 27, 2004).

US wheat growers will be seeking changes in crop insurance provisions to help farmers who have seen their crops stricken by drought in recent years, the industry's new chairman of domestic policy said on Monday.

Around 400 million tonnes of iron ore reserves have been discovered in Rajwa (Chiniot) where steel mills project would be initiated on the pattern of Pakistan Steel Mills, Karachi.

Australia's sugar industry stepped up pressure against a free trade pact with close ally the United States on Tuesday, unless the country could clinch a deal on access for its farm products.

Pakistan and Turkey would set up a $25 million Joint Investment Company (JIC) and both the countries would sign a preferential trade agreement (PTA) within a month. Moreover, the US Congress has cleared $395 million grant bill for Pakistan out of its budg

Asia's physical gold market has started the week on a quiet note with investors on the lookout for more price declines and parts of Asia still in holiday mode after last week's Lunar New Year, dealers said on Tuesday.

Pakistan and Turkey would set up a $25 million Joint Investment Company (JIC) and both the countries would sign a preferential trade agreement (PTA) within a month. Moreover, the US Congress has cleared $395 million grant bill for Pakistan out of its budg

Jute and plastic moulding transpired changes on the Jodia Bazar, amid step up buy in items mostly consumed during the Eid on Tuesday (January 27, 2004).

The first round of talks between Pakistani and Indian officials following Islamabad Declaration will be held for three days from February 16 here.

A couple of changes were marked on the seed and grain wholesale markets on Tuesday (January 27, 2004).

The first round of talks between Pakistani and Indian officials following Islamabad Declaration will be held for three days from February 16 here.

Further price rises for US soyabeans and products are likely in the medium term and tight supplies mean US soya crushings and exports will have to be cut, Hamburg-based newsletter Oil World said.

The National Accountability Bureau, Sindh, has arrested Peer Deedar Ahmed Sarhandi, ex-assistant vice president and head of vigilance division, Habib Bank, Karachi, on the charges of corruption, corrupt practices and embezzlement.

Modest sales were noted on the cotton market as prices remained firm discouraging large scale lifting on Tuesday (January 27, 2004).

The National Accountability Bureau, Sindh, has arrested Peer Deedar Ahmed Sarhandi, ex-assistant vice president and head of vigilance division, Habib Bank, Karachi, on the charges of corruption, corrupt practices and embezzlement.

The March vaida opened at Rs 445.20 and was the highest at Rs 446.90. Later lowest was shown at Rs 445 and closing was seen at Rs 446.10.

Turkey beat a key target in its $19 billion loan accord with the IMF in 2003, achieving a primary surplus of 5.03 percent of gross national product, Finance Minister Kemal Unakitan said on Tuesday.

Pakistan's rice prices rose further this week as supplies from the new crop almost halted due to the unavailability of trucks ahead of the Muslim festival of Eid al-Adha early next month, dealers said on Tuesday.

Bulls returned in the driving seat on the Islamabad Stock Exchange (ISE) where fresh buying spree in hot favourite moved the entire ready-board in upward direction amid increase in index.

Punjab will provide 50,000 tonnes of wheat to Sindh before Eid-ul-Azha, said Provincial Food Ministers Chaudhry Mohammad Iqbal here on Tuesday.

Bulls returned in the driving seat on the Islamabad Stock Exchange (ISE) where fresh buying spree in hot favourite moved the entire ready-board in upward direction amid increase in index.

US FOB Gulf corn and soyabean basis offers were steady on Monday, with dealers reporting a lack of fresh interest as CBOT futures rallied.

International Finance Corporation (IFC), the World Bank's private-sector arm, said Tuesday it plans to double its annual investment in China to about 500 million dollars within two years.

An official from Egypt's state Holding Company for Food Industries (HCFI) said on Tuesday it had bought 110,000 tonnes of Australian wheat for February 10 - March 10 shipment.

Led by PSO, equities recovered overnight losses on the Lahore Stock Exchange (LSE), amid ascending transaction volume on account of institutional support.

Italian and Romanian buyers have declined to accept several ships with Ukrainian maize due to poor quality, analysts said on Tuesday.

Led by PSO, equities recovered overnight losses on the Lahore Stock Exchange (LSE), amid ascending transaction volume on account of institutional support.

The average price of Bangladesh teas fell further on poor quality at the weekly auction on Tuesday, brokers said.

A US civil liberties group on Tuesday filed a formal complaint with a United Nations watchdog about the unfair arrest and detention of immigrants during an anti-terror security clampdown in the United States.

The Karachi Port handled 62,900 tonnes of cargo including 42,052 tonnes import and 20,848 tonnes export cargo during last 24 hours ending at 0700 hours on Tuesday.

China's state-owned Sinopec Group has won a deal to explore and produce gas in Saudi Arabia in the second of three blocks to be awarded this week, industry sources said on Tuesday.

Singapore bunker prices tracked crude lower on Tuesday but traders pinned their hopes on a return in demand following the Lunar New Year holiday.

PC shipments in Asia excluding Japan jumped 13.1 percent in the fourth quarter of 2004 with top Chinese maker Legend and US players capturing market share from smaller foes, data released on Tuesday showed.

Qatar sent its first cargo of liquefied natural gas (LNG) to India on Tuesday, marking the beginning of the sale of 7.5 million tonnes a year of gas under a 25-year contract, Qatari officials said.

Despite Asia's rising wealth, experts said Tuesday that faulty policies and vested market interests had conspired to ensure one in three people lacked access to safe drinking water.

Malaysian palm oil exports are likely to rise in February and March because of its attractive price compared to other vegetable oils while output is set to fall, Hamburg-based newsletter Oil World said.

Malaysia's vehicle sales fell for the first time in five years in 2003 as consumers held back amid uncertainties over auto policy but a rebound is expected this year despite an impending hike in car prices, a trade group said Tuesday.

Chicago Board of Trade wheat futures closed narrowly mixed on Monday, with support stemming from a surge in corn and soy, but pressure coming from disappointment about a sale of wheat over the weekend to Egypt, traders said.

Securities and Exchange Commission of Pakistan (SECP) chairman, Dr Tariq Hassan, here on Tuesday said that due to government's prudent policies the country's stock market had touched a record high index level.

Alarmed by the discovery of the deadly bird flu virus in ducks in southern China, the World Health Organisation is urging heightened surveillance and quarantine efforts to prevent the spread to humans.

Two Pakistani men, one convicted of drug trafficking and the other of premeditated murder, were publicly hanged at Kuwait City police headquarters on Tuesday, the state's KUNA news agency reported.

Venezuela is talking with Iranian companies to develop joint ventures in the South American country's mineral-rich south-east.

Pakistan Sugar Mills Association (PSMA), Punjab Zone Chairman Javed Kayani has urged upon the government to immediately take remedial measures for the disposal of surplus sugar in the country.

Kazakhstan's net gold and foreign currency reserves rose to a record $5.343 billion on January 26 from $4.959 billion on January 1, the central bank said on Tuesday.

The Aga Khan Fund for Economic Development has submitted the names of four directors, Iain Cheyne, Sajid Zahid, Sultan Allana and Zakir Mahmood, as its nominees on the Board of Directors of Habib Bank Limited, to be inducted after handing over of the bank

Average cocoa prices paid to farmers in Ivory Coast's main growing areas mainly rose in the week of January 19-25, official data from the Coffee and Cocoa Bourse (BCC) showed on Tuesday.

The Aga Khan Fund for Economic Development has submitted the names of four directors, Iain Cheyne, Sajid Zahid, Sultan Allana and Zakir Mahmood, as its nominees on the Board of Directors of Habib Bank Limited, to be inducted after handing over of the bank

Karachi interbank rates on Tuesday (January 27, 2004).

Sindh Government has awarded a Rs 12 billion contract for rehabilitation of the irrigation and drainage system in the province to a consortium of three leading firms led by the National Development Consultants (NDC).

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

Sindh Government has awarded a Rs 12 billion contract for rehabilitation of the irrigation and drainage system in the province to a consortium of three leading firms led by the National Development Consultants (NDC).

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

State Bank Governor Dr Ishrat Husain on Monday said that the economic policy of Pakistan was performing quite well and had started giving dividends, much before September 11, 2001.

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Tuesday (January 27, 2004).

An amount of over Rs 8.5 billion has been collected, to date, towards the Export Development Fund (EDF), according to latest figures available here.

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Tuesday (January 27, 2004).

At least three US soldiers were killed and one wounded when a roadside bomb exploded west of the Iraqi capital on Tuesday, the US military said.

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Tuesday (January 27, 2004).

At least three US soldiers were killed and one wounded when a roadside bomb exploded west of the Iraqi capital on Tuesday, the US military said.

London Interbank Offer Rates on for calculating interest on special US dollar on Tuesday (January 27, 2004).

Paying his first visit to the forward areas in occupied Kashmir, Deputy Prime Minister L K Advani on Tuesday assessed the situation after India and Pakistan agreed on a cease-fire and also monitored the progress of ongoing fencing work in Rajouri-Poonch s

Interest rates on old and incremental FCY deposits on Tuesday (January 27, 2004).

Four people, including a girl, were killed in occupied Kashmir, police said on Tuesday.

Interest rates on new foreign currency deposits issued by the Treasury Management Division of National Bank of Pakistan on Tuesday (January 27, 2004).

Four people, including a girl, were killed in occupied Kashmir, police said on Tuesday.

Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Tuesday (January 27, 2004).

In view of the possibility of a change in ownership structure of Bolan Bank Limited, JCR-VIS Credit Rating Company Limited has placed its entity ratings of BB+/A-3 (Double B Plus/A Three) on a 'Rating Watch'.

The selling/buying rates for currency notes of major currencies issued by National Bank (NBP) here on Tuesday (January 27, 2004).

In view of the possibility of a change in ownership structure of Bolan Bank Limited, JCR-VIS Credit Rating Company Limited has placed its entity ratings of BB+/A-3 (Double B Plus/A Three) on a 'Rating Watch'.

Money market report by Khadim Ali Shah Bukhari & Co on Tuesday (January 27, 2004).

Hub Power Company's profit is to record a decline of 7.6 percent to Rs 2.66 billion in the six months ended December 31 as compared with the same period a year ago.

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Tuesday (January 27, 2004).

Hub Power Company's profit is to record a decline of 7.6 percent to Rs 2.66 billion in the six months ended December 31 as compared with the same period a year ago.

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (January 27, 2004).

Hub Power Company''s profit is to record a decline of 7.6 percent to Rs 2.66 billion in the six months ended December 31 as compared with the same period a year ago.

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (January 27, 2004).

The United States said it took possession on Tuesday of an estimated 25,000 kilograms of equipment and documents related to Libya's nuclear and ballistic missile programmes, including centrifuge parts used to enrich uranium.

A relatively stable day of trading was witnessed in the Interbank Forex Market with the Pak rupee having an edge over the US dollar during the day.

The United States said it took possession on Tuesday of an estimated 25,000 kilograms of equipment and documents related to Libya's nuclear and ballistic missile programmes, including centrifuge parts used to enrich uranium.

London Interbank Offered Rates (LIBOR) on Tuesday (January 27, 2004).

Japan, Hong Kong and the United Arab Emirates on Tuesday banned the import of poultry from Pakistan after bird flu was detected in chicken flocks in Karachi.

Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Tuesday (January 27, 2004).

Japan, Hong Kong and the United Arab Emirates on Tuesday banned the import of poultry from Pakistan after bird flu was detected in chicken flocks in Karachi.

US treasuries bid prices on Tuesday (January 27, 2004).

Federal Minister for Water and Power Aftab Ahmed Khan Sherpao has said that electricity tariffs in the country had been inflated in the past due to higher cost of power purchased by Wapda from IPPs and the government would reduce the power tariff to provi

US treasuries bid prices on Tuesday (January 27, 2004).

Federal Minister for Water and Power Aftab Ahmed Khan Sherpao has said that electricity tariffs in the country had been inflated in the past due to higher cost of power purchased by Wapda from IPPs and the government would reduce the power tariff to provi

US treasuries bid prices on Tuesday (January 27, 2004).

In the wake of recent positive development between Pakistan and India on political front, New Delhi has indicated that it is ready to join gas pipeline project to carry gas from Iran to India through Pakistan.

US treasuries bid yields on Tuesday (January 27, 2004).

In the wake of recent positive development between Pakistan and India on political front, New Delhi has indicated that it is ready to join gas pipeline project to carry gas from Iran to India through Pakistan.

US treasuries bid yields on Tuesday (January 27, 2004).

Indian cabinet has decided to dissolve the lower house of the parliament by February 6 to make way for early elections, television channels reported on Tuesday.

Members have subsequently reported the transactions on Tuesday (January 27, 2004).

A three-member team of Beijing Television (BTV), channel-III will visit Lahore in the second week of next month to prepare a special documentary on 'Basant' festival.

Board Meetings of Companies listed on the Karachi Stock Exchange.

The Sindh Employees Social Security Institution (Sessi) has issued a warrant against a leading bed-linen exporter, Shabir Ahmed, for non-payment of educational cess to the tune of Rs 220,500. The non-payment covers a period from 1994-95 to 2002-03.

Cross transactions between client to client reported on Tuesday (January 27, 2004).

Mohammad Sarwar elected as President and Dr Qazi Jalal of K V Hospital as Secretary of Society of Surgeons of Pakistan (SSP), Karachi Branch in elections held here recently.

The Needs Assessment Mission of the UNDP Pakistan estimated that Rs 7.157 billion are required to help the people of flood-hit areas in Sindh and Balochistan, calling for investment in buildings, water, sanitation, livestock, health, education, roads and