Interest rates on new foreign currency deposits issued by the Treasury Management Division of National Bank of Pakistan on Thursday (February 12, 2004).
Russia's Finance Minister Alexei Kudrin, in an interview published on Thursday, said he was unconcerned that a strong rouble which has gained almost 20 percent in 2003 could hold back robust economic growth.
The French economy expanded at its slowest rate in a decade in 2003 but the government said things were picking up and that growth could hit two or even 2.5 percent this year.
PC sales in China rose 10.4 percent in 2003, accounting for nearly half of all computers sold in the Asia Pacific region, according to data released on Thursday by research firm Gartner.
A leading Saudi Arabian newspaper said on Thursday the United States had no right to warn Opec against cutting oil output and accused Washington of waging war on the cartel under the guise of protecting the global economy.
A Bridgestone official in Moscow said on Thursday the Japanese company had signed a preliminary agreement with Russian tyre maker Amtel to produce tyres at an Amtel factory in Russia.
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
A Sao Paulo judge appointed a special administrator late on Wednesday to run Italian food group Parmalat's main unit in Brazil, as the country's Central Bank said it was investigating hundreds of millions of dollars in illegal transfers.
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
Foreign Minister Khurshid Mehmud Kasuri called on Thursday for co-operation between nuclear states to prevent criminal groups getting their hands on nuclear weapons.
Foreign Minister Khurshid Mehmud Kasuri called on Thursday for co-operation between nuclear states to prevent criminal groups getting their hands on nuclear weapons.
Pakistan said on Thursday that it welcomed a statement by George W. Bush in which the US leader hailed President General Pervez Musharraf's determination not to let his country be used to leak nuclear technology.
Nicaraguan coffee exports fell 16 percent in January to 75,683 46-kg bags, from 90,078 46-kg bags in the same month last year, the export authority Cetrex said on Wednesday.
The head of US Central Command, General John Abizaid, escaped unharmed on Thursday from a rocket-propelled grenade attack in the hotspot Iraqi town of Fallujah, a US military officer said.
Ukraine, struggling with a slump in food grain output in 2003, cut wheat imports sharply in January to 188,000 tonnes from about 900,000 tonnes in December, a local agriculture news agency said on Thursday.
The head of US Central Command, General John Abizaid, escaped unharmed on Thursday from a rocket-propelled grenade attack in the hotspot Iraqi town of Fallujah, a US military officer said.
South Korean scientists have announced that they cloned several human embryos and managed to extract valuable stem cells from one, but experts cautioned the hope of tailored medical treatments from such techniques is still far off.
The European Union's 2003/04 grain balance remains tight due to last year's poor harvests, while a recent rise in freight rates is hampering much-needed imports, analyst Strategies Grains said on Thursday.
South Korean scientists have announced that they cloned several human embryos and managed to extract valuable stem cells from one, but experts cautioned the hope of tailored medical treatments from such techniques is still far off.
Wheat futures at the Chicago Board of Trade closed up sharply on Wednesday on spill-over support from the bullish numbers for wheat in Tuesday's USDA supply/demand reports and on hopes for additional sales of US wheat to China, traders said.
Bearish trend was observed at the Islamabad Stock Exchange (ISE), where selling-pressure in hot favourite moved the entire ready-board in downward direction amid decrease in index.
US FOB Gulf soyabean basis offers were mostly steady on Wednesday night but the Gulf barge basis for soya eroded further on talk that China had cancelled at least one cargo due to be loaded out of the Pacific Northwest.
Bearish trend was observed at the Islamabad Stock Exchange (ISE), where selling-pressure in hot favourite moved the entire ready-board in downward direction amid decrease in index.
China remained the leading importer of Brazilian soyabeans in 2003 for the second year running, the crop supply agency Conab of the Agriculture Ministry said.
President General Pervez Musharraf said on Thursday that there could be no compromise on occupied Kashmir, but "we have to resolve the occupied Kashmir dispute with India in a peaceful manner".
Singapore bunker prices for fuel oil were steady to stronger on Thursday as healthy demand shielded the shipping fuel from weaker cargo prices and higher supplies, traders said.
President General Pervez Musharraf said on Thursday that there could be no compromise on occupied Kashmir, but "we have to resolve the occupied Kashmir dispute with India in a peaceful manner".
The Karachi Port handled 84,703 tonnes of cargo including 75,224 tonnes import and 9,479 tonnes export cargo during last 24 hours ending at 0700 hours on Thursday.
The auto shares overreacted upon the decision of the government to allow import of reconditioned cars because at present only a committee has been constituted to finalise measures to import the used cars.
Work at Utkal Alumina's $1 billion project in east India has been delayed by another six months as the government has yet to hand over a piece of land because of protests by its owners, officials and industry sources said on Thursday.
The auto shares overreacted upon the decision of the government to allow import of reconditioned cars because at present only a committee has been constituted to finalise measures to import the used cars.
Prices in the cotton market have declined by Rs 100 to Rs 150 per mound (37.32 kgs) over the last two weeks and are portending further weakness during the next few days.
In a major move to control thefts of cars, the government has decided to reduce customs duty on the import of Vehicle Tracking System (VTS), which is latest sophisticated satellite technology used for tracking of stolen automobiles, sources told Busine
Prices in the cotton market have declined by Rs 100 to Rs 150 per mound (37.32 kgs) over the last two weeks and are portending further weakness during the next few days.
In a major move to control thefts of cars, the government has decided to reduce customs duty on the import of Vehicle Tracking System (VTS), which is latest sophisticated satellite technology used for tracking of stolen automobiles, sources told Busine
The March vaida opened at Rs 437.40 and highest was quoted at Rs 439. Later it lost in depressed trading to be lowest at Rs 437.10 and closing was seen at Rs 437.80.
The news of federal cabinet decision to allow import of new and old cars and President Bush's statement regarding the nuclear issue marred activity at the local bourse on Thursday, where share values extended the overnight losses forcing the index to unde
A solo sales deal was reported on the cotton market owing primarily to EU decision to withdraw GSP facility for Pak clothing and anti-dumping duty on bed linen exports, relevant sources said.
The news of federal cabinet decision to allow import of new and old cars and President Bush's statement regarding the nuclear issue marred activity at the local bourse on Thursday, where share values extended the overnight losses forcing the index to unde
The stock market recorded a sharp decline after selling spree centered around fuel, gas, cement and bank shares, where index declined by more than 1.75 percent where interest lacked, decreasing the share volume by more than 120 million shares.
The stock market recorded a sharp decline after selling spree centered around fuel, gas, cement and bank shares, where index declined by more than 1.75 percent where interest lacked, decreasing the share volume by more than 120 million shares.
CSCE coffee futures settled at an eight-day high on Wednesday in rollover and options-based trading, although funds and locals were unsuccessful in pushing prices above 75 cents a lb resistance, dealers said.
Karachi Port Trust is all set to retire its entire debt liabilities of Rs 1.2 billion of the World Bank and the International Development Agency, but neither the Communication Ministry nor the State Bank of Pakistan (SBP) desires to settle the accounts.
CSCE cocoa futures ended lower on Wednesday in another session in which the main feature was switch activity with the approach of first notice day for the March contract on Friday, brokers said.
Karachi Port Trust is all set to retire its entire debt liabilities of Rs 1.2 billion of the World Bank and the International Development Agency, but neither the Communication Ministry nor the State Bank of Pakistan (SBP) desires to settle the accounts.
Pakistan International Airlines (PIA) said on Thursday it had stopped serving chicken on board its flights in response to passengers' concerns over bird flu in the country.
Overnight rates took a long jump on Thursday as the money market ran short of liquidity after raising Rs 29.5 billion by the State Bank of Pakistan through auction of six-month Treasury Bills on Wednesday.
Shanghai copper traded its three percent limit up on Thursday after London Metal Exchange (LME) copper hit 7-1/2 year highs on Wednesday, traders said.
Overnight rates took a long jump on Thursday as the money market ran short of liquidity after raising Rs 29.5 billion by the State Bank of Pakistan through auction of six-month Treasury Bills on Wednesday.
The Central Board of Revenue (CBR) has allowed tax-free import of German-made compressed natural gas (CNG) compressors to popularise the use of environment-friendly motor vehicle fuel.
Comex copper prices raced up to May 1996 highs after Federal Reserve Chairman Greenspan's congressional testimony created a recipe for copper gains by indicating that the US economy was growing at a healthy clip and the dollar had room to fall, traders sa
The Central Board of Revenue (CBR) has allowed tax-free import of German-made compressed natural gas (CNG) compressors to popularise the use of environment-friendly motor vehicle fuel.
Tokyo gold futures rose on Thursday, inspired by gains in bullion prices and New York's Comex market, which was boosted by US Federal Reserve Chairman Alan Greenspan's comment showing tolerance for a weak dollar.
The Central Board of Revenue (CBR) has allowed tax-free import of German-made compressed natural gas (CNG) compressors to popularise the use of environment-friendly motor vehicle fuel.
Comex gold rose sharply on Wednesday after Federal Reserve Chairman Alan Greenspan told Congress that the weak dollar could help reduce the US current account deficit.
Fifteen persons, including nine members of a family, were killed while seven others sustained serious injuries in a head-on collision between a passenger bus and a wagon near Pir Di Hatti in Dipalpur area, near Okara district here, on Thursday morning.
Spot gold hit a two-week peak of $412.75 an ounce in Asia on Thursday, extending gains in New York after US Federal Reserve Chairman Alan Greenspan showed little concern about the dollar's fall.
Fifteen persons, including nine members of a family, were killed while seven others sustained serious injuries in a head-on collision between a passenger bus and a wagon near Pir Di Hatti in Dipalpur area, near Okara district here, on Thursday morning.
Indonesian robusta exporters are reluctant to lower prices amid short supply, while buyers are awaiting price falls when the harvest begins in April, traders said on Thursday.
Federal Reserve Chairman Alan Greenspan on Thursday lent support to a White House bid to make $1.7 trillion in tax cuts permanent, telling Congress spending control was the best way to cut the budget gap.
Surging freight rates are pushing Asian wheat buyers towards cargoes from Australia, which is aggressively pricing its offers and exploiting a shipping cost advantage over US supplies.
Paramilitary forces on Thursday arrested three suspected al Qaeda operatives in a raid at their hideout in tribal territory near Afghanistan's border, officials said.
Prices of cocoa powder were under pressure in Southeast Asia because of ample supply in main producers Malaysia and Indonesia and limited interest from chocolate manufacturers, traders said on Thursday.
The European Parliament on Thursday demanded that Pakistan immediately release four Greek and three Filipino sailors whose tanker, 'Tasman Spirit' caused a huge oil spill when it sank last year off the port of Karachi.
Oil prices trickled lower on Thursday as doubts the Opec oil cartel would be able to bring its quota busters under control overcame concerns about falling US oil supplies.
The European Union's executive commission unveiled a plan on Thursday to help developing countries dependent on exports of commodities such as cotton or coffee to boost earnings and protect themselves against price swings on world markets.
CSCE raw sugar futures settled slightly lower on Wednesday as funds began aggressively rolling positions out of March ahead of the contract's expiration at the end of February, brokers said.
The European Union's executive commission unveiled a plan on Thursday to help developing countries dependent on exports of commodities such as cotton or coffee to boost earnings and protect themselves against price swings on world markets.
India is poised for a more than 45 percent jump in summer output of oilseeds due to favourable weather conditions, after reaping a record winter crop, traders and industry officials said on Thursday.
Chicago Board of Trade soyabeans ended higher on Wednesday following a rally to fresh 15-1/2-year highs in soyaoil futures on strong Chinese demand and US supply worries, traders said.
Chicago Board of Trade rice futures ended higher on Wednesday after a quiet session dominated by spreading of about 700 May/March contracts before the February 27 first notice day for March, traders said.