News Archives for Print - 2004-03-11

Print - 2004-03-11

We want to win in Pakistan, says Indian captain

India's cricket captain Sourav Ganguly vowed Wednesday to make his nation's first Test tour of Pakistan in 15 years a successful one, both on and off the field.

Published 11 Mar, 2004 12:00am

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Wednesday (March 10, 2004).

Published 11 Mar, 2004 12:00am

Bears stay in front seat on ISE

Bears remained in the front seat on the Islamabad Stock Exchange (ISE) where equities suffered across the board losses amid decrease in index.

Published 11 Mar, 2004 12:00am

LIBOR calculating interest on US dollar

London Interbank Offer Rates on for calculating interest on special US dollar on Wednesday (March 10, 2004).

Published 11 Mar, 2004 12:00am

Japan and Mexico near agreement on free trade pact

Mexican Farm Minister Javier Usabiaga said on Wednesday that talks on a free trade agreement (FTA) between Mexico and Japan were very close to agreement.

Published 11 Mar, 2004 12:00am

Interest rates on old and incremental FCY deposits

Interest rates on old and incremental FCY deposits on Wednesday (March 10, 2004).

Published 11 Mar, 2004 12:00am

Equities extend losses on LSE

Equities on the local stock market on Wednesday extended the overnight losses as majority of players either hugged on sidelines or took to profit taking in absence of any fresh positive news.

Published 11 Mar, 2004 12:00am

Interest rates on new foreign currency deposits

Interest rates on new foreign currency deposits issued by the Treasury Management Division of National Bank of Pakistan on Wednesday (March 10, 2004).

Published 11 Mar, 2004 12:00am

Equities extend losses on LSE

Equities on the local stock market on Wednesday extended the overnight losses as majority of players either hugged on sidelines or took to profit taking in absence of any fresh positive news.

Published 11 Mar, 2004 12:00am

Bill buying rates per unit of currency

Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Wednesday (March 10, 2004).

Published 11 Mar, 2004 12:00am

Gold less important for central bank

A Bundesbank plan to sell gold over the next five years shows the yellow metal is no longer so important for central bank policy as it was, the German finance ministry said in a document obtained by Reuters on Wednesday.

Published 11 Mar, 2004 12:00am

Banks' rates for currency notes (buying and selling)

The selling/buying rates for currency notes of major currencies issued by National Bank (NBP) here on Wednesday (March 10, 2004).

Published 11 Mar, 2004 12:00am

Air France to launch offer for KLM on March 22

Air France is to launch an offer for shares in Dutch airline KLM on March 22, Air France chief executive Jean-Cyril Spinetta said on Wednesday.

Published 11 Mar, 2004 12:00am

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Wednesday (March 10, 2004).

Published 11 Mar, 2004 12:00am

Air France to launch offer for KLM on March 22

Air France is to launch an offer for shares in Dutch airline KLM on March 22, Air France chief executive Jean-Cyril Spinetta said on Wednesday.

Published 11 Mar, 2004 12:00am

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Wednesday (March 10, 2004).

Published 11 Mar, 2004 12:00am

US steel scrap users may ask Bush to limit exports

A coalition of US steel manufacturers and consumers said on Tuesday it may ask the Bush administration to limit US steel scrap exports because of Chinese purchases that have pushed prices sharply higher.

Published 11 Mar, 2004 12:00am

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (March 10, 2004).

Published 11 Mar, 2004 12:00am

Italy unions call second strike over pensions

Italy's three main unions on Wednesday called a four-hour general strike for March 26 to protest against government plans to raise the age at which people can draw a pension.

Published 11 Mar, 2004 12:00am

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (March 10, 2004).

Published 11 Mar, 2004 12:00am

Palestinian groups blame US for death of Abu Abbas

Palestinian groups pointed the finger at US forces Wednesday after Abu Abbas, mastermind of the 1985 hijacking of the Achille Lauro cruise ship when a wheelchair-bound American was killed, died in their custody in Iraq.

Published 11 Mar, 2004 12:00am

Crescent Capital Management (Pvt) Ltd: daily foreign exchange report

The greenback advanced by a few paisa more versus the Pak rupee amid hectic buying in the Interbank Forex Market during the day.

Published 11 Mar, 2004 12:00am

Japan state body unveils $3.3 billion Kanebo bail-out

Japan's state-backed corporate rescue body said on Wednesday it was taking over the cosmetics business of struggling Kanebo Ltd in an operation worth 380 billion yen ($3.4 billion), its largest to date.

Published 11 Mar, 2004 12:00am

London Interbank Offered Rates

London Interbank Offered Rates (LIBOR) on Wednesday (March 10, 2004).

Published 11 Mar, 2004 12:00am

EU to set out worries on Oracle/PeopleSoft deal

EU regulators are expected to raise the stakes in a probe of Oracle Corp's offer for PeopleSoft Inc by providing a statement of objections to the plan, a person close to the case said on Wednesday.

Published 11 Mar, 2004 12:00am

Open market rates of foreign currencies

Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Wednesday (March 10, 2004).

Published 11 Mar, 2004 12:00am

Opposition stages sit-in in front of Sindh Assembly

Hundreds of activists of Pakistan People's Party Parliamentarians (PPPP) and other opposition parties, including Alliance for the Restoration of Democracy (ARD) and the Muttahida Majlis-i-Amal (MMA), on Wednesday staged a sit-in in front of the Sindh Asse

Published 11 Mar, 2004 12:00am

US treasuries bid prices

US treasuries bid prices on Wednesday (March 10, 2004).

Published 11 Mar, 2004 12:00am

Opposition stages sit-in in front of Sindh Assembly

Published 11 Mar, 2004 12:00am

US treasuries bid prices

US treasuries bid prices on Wednesday (March 10, 2004).

Published 11 Mar, 2004 12:00am

National Assembly panel to probe ZTBL interest rates

The National Assembly on Wednesday decided to form a 'Special House committee' to air proposals on Zarai Tarakiati Bank Limited (ZTBL) lowering interest loans to farmers.

Published 11 Mar, 2004 12:00am

US treasuries bid prices

US treasuries bid prices on Wednesday (March 10, 2004).

Published 11 Mar, 2004 12:00am

KPT deprived of Rs 300 million from cargoes auction by Customs

Customs has not been paying millions of rupees to Karachi Port Trust (KPT) being generated from sales proceeds through auction of cargoes since 1988.

Published 11 Mar, 2004 12:00am

US treasuries bid yields

US treasuries bid yields on Wednesday (March 10, 2004).

Published 11 Mar, 2004 12:00am

KPT deprived of Rs 300 million from cargoes auction by Customs

Customs has not been paying millions of rupees to Karachi Port Trust (KPT) being generated from sales proceeds through auction of cargoes since 1988.

Published 11 Mar, 2004 12:00am

US treasuries bid yields

US treasuries bid yields on Wednesday (March 10, 2004).

Published 11 Mar, 2004 12:00am

Reap team leaves for India

A Rice Exporters Association of Pakistan (Reap) delegation will call on Indian Prime Minister Atal Behari Vajpayee on Friday, during its current visit to India.

Published 11 Mar, 2004 12:00am

US treasuries bid yields

US treasuries bid yields on Wednesday (March 10, 2004).

Published 11 Mar, 2004 12:00am

Russia hands over aircraft carrier to India

Russia has formally handed over aircraft carrier 'Admiral Gorshkov' to the Indian Navy for the subsequent refit at a naval dockyard in north Russia, Kashmir Media Service reports.

Published 11 Mar, 2004 12:00am

Treasury-Bills Secondary Market Yields

Treasury bills secondary market yields rate on Wednesday (March 10, 2004).

Published 11 Mar, 2004 12:00am

Russia hands over aircraft carrier to India

Russia has formally handed over aircraft carrier 'Admiral Gorshkov' to the Indian Navy for the subsequent refit at a naval dockyard in north Russia, Kashmir Media Service reports.

Published 11 Mar, 2004 12:00am

Treasury-Bills Secondary Market Yields

Treasury bills secondary market yields rate on Wednesday (March 10, 2004).

Published 11 Mar, 2004 12:00am

NWFP puts condition to sign NFC Award

NWFP Minister Sirajul Haq on Wednesday placed a condition that until and unless the issue of 'Net Hydel Profit' was not solved he would not sign the next National Finance Commission (NFC) Award.

Published 11 Mar, 2004 12:00am

Treasury-Bills Secondary Market Yields

Treasury bills secondary market yields rate on Wednesday (March 10, 2004).

Published 11 Mar, 2004 12:00am

NWFP puts condition to sign NFC Award

NWFP Minister Sirajul Haq on Wednesday placed a condition that until and unless the issue of 'Net Hydel Profit' was not solved he would not sign the next National Finance Commission (NFC) Award.

Published 11 Mar, 2004 12:00am

Pakistan Investment Bond: Secondary Market Yields

PIB secondary market yield rates on Wednesday (March 10, 2004).

Published 11 Mar, 2004 12:00am

Pakistan to play active role in globalisation: Hafeez

With a series of structural reforms measures in place, Pakistan was determined to effectively participate in the process of globalisation.

Published 11 Mar, 2004 12:00am

Pakistan Investment Bond: Secondary Market Yields

PIB secondary market yield rates on Wednesday (March 10, 2004).

Published 11 Mar, 2004 12:00am

Pakistan to play active role in globalisation: Hafeez

With a series of structural reforms measures in place, Pakistan was determined to effectively participate in the process of globalisation.

Published 11 Mar, 2004 12:00am

Pakistan Investment Bond: Secondary Market Yields

PIB secondary market yield rates on Wednesday (March 10, 2004).

Published 11 Mar, 2004 12:00am

Three Punjab MPAs part ways with PPPP

Three more members of the Punjab Assembly have announced to quit PPPP on differences with their party leadership. They are Dr Mohammad Afzal, Sardar Khalid Waran and Shoaib Karim.

Published 11 Mar, 2004 12:00am

NJLI Mutual Fund Rates

New Jubilee Life Insurance Mutual Fund Rates on Wednesday (March 10, 2004).

Published 11 Mar, 2004 12:00am

Three Punjab MPAs part ways with PPPP

Three more members of the Punjab Assembly have announced to quit PPPP on differences with their party leadership. They are Dr Mohammad Afzal, Sardar Khalid Waran and Shoaib Karim.

Published 11 Mar, 2004 12:00am

NJLI Mutual Fund Rates

New Jubilee Life Insurance Mutual Fund Rates on Wednesday (March 10, 2004).

Published 11 Mar, 2004 12:00am

Car makers illegally charging price differential

Honda Atlas Cars (Pvt) Limited, manufacturers of popular cars brand in Pakistan, have indulged in unlawful activity by charging from the buyers differential on car prices between the booking and delivery period.

Published 11 Mar, 2004 12:00am

NJLI Mutual Fund Rates

New Jubilee Life Insurance Mutual Fund Rates on Wednesday (March 10, 2004).

Published 11 Mar, 2004 12:00am

Car makers illegally charging price differential

Published 11 Mar, 2004 12:00am

NJLI Pen Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Wednesday (March 10, 2004).

Published 11 Mar, 2004 12:00am

Minister stresses on automobiles quality

The Federal Minister for Industries and Production, Liaquat Ali Jatoi, has emphasised that quality of automobiles being produced locally should not be compromised.

Published 11 Mar, 2004 12:00am

NJLI Pen Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Wednesday (March 10, 2004).

Published 11 Mar, 2004 12:00am

Minister stresses on automobiles quality

The Federal Minister for Industries and Production, Liaquat Ali Jatoi, has emphasised that quality of automobiles being produced locally should not be compromised.

Published 11 Mar, 2004 12:00am

NJLI Pen Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Wednesday (March 10, 2004).

Published 11 Mar, 2004 12:00am

ARD to resist any bill in lieu of NSC: Amin

Makhdoom Amin Fahim, Chairman Alliance for Restoration of Democracy (ARD), has said that the Alliance would strongly resist any bill that is presented in the parliament in lieu of National Security Council.

Published 11 Mar, 2004 12:00am

Foreign Exchange Bearer Certificates

The prevailing rate of Foreign Exchange Bearer Certificates on Wednesday (March 10, 2004).

Published 11 Mar, 2004 12:00am

Bhinder concerned over rule violation in Senate

A treasury member in the Senate on Wednesday cautioned not to file any motion or question with the Senate Secretariat if business procedure was not strictly followed.

Published 11 Mar, 2004 12:00am

Foreign Exchange Bearer Certificates

The prevailing rate of Foreign Exchange Bearer Certificates on Wednesday (March 10, 2004).

Published 11 Mar, 2004 12:00am

PPP observes Black Day in Sindh

The Pakistan People's Party (PPP) observed 'black day' throughout Sindh to protest against the murder of party's MPA Murad Abdullah Baloch in Malir five days back.

Published 11 Mar, 2004 12:00am

Foreign Exchange Bearer Certificates

The prevailing rate of Foreign Exchange Bearer Certificates on Wednesday (March 10, 2004).

Published 11 Mar, 2004 12:00am

Pakistan and India to discuss co-operation for polio eradication

India and Pakistan will discuss ways of strengthening co-operation to eradicate the menace of polio at a two-day meeting this month.

Published 11 Mar, 2004 12:00am

United Money-Market Fund

The Unit Prices for March 11, 2004.

Published 11 Mar, 2004 12:00am

Over 0.5 million Ufones in use in country

The number of Ufones in use in nearly 14 main cities of the country now surpasses 0.5 million mark. To be exact, 555,874 persons subscribe to the public service cellular phone facility.

Published 11 Mar, 2004 12:00am

United Money-Market Fund

The Unit Prices for March 11, 2004.

Published 11 Mar, 2004 12:00am

Nothing wrong with 'general' as President: Speaker

National Assembly Speaker Chaudhry Amir Hussain, defending President Pervez Musharraf, said that a general could be a President.

Published 11 Mar, 2004 12:00am

United Money-Market Fund

The Unit Prices for March 11, 2004.

Published 11 Mar, 2004 12:00am

Five killed and 51 hurt in occupied Kashmir grenade blast

Five people were killed and 51 injured occupied Kashmir when alleged Mujahideen detonated a grenade to escape from a house where they had tried to abduct a civilian, police said on Wednesday.

Published 11 Mar, 2004 12:00am

Open End Mutual Funds (Unit Trusts)

The open end mutual funds.

Published 11 Mar, 2004 12:00am

FROM A RINGSIDE SEAT

Both the houses of parliament met on Wednesday, the National Assembly in the morning and the Senate in the evening. Both had before them quite large agendas but what actually happened on their floors were points and counterpoints, in common parlance calle

Published 11 Mar, 2004 12:00am

Open End Mutual Funds (Unit Trusts)

The open end mutual funds.

Published 11 Mar, 2004 12:00am

Revenue from post-paid mobile cards declines

The share of post-paid segment of revenue in the cellular subscriber base has drastically decreased in terms of percentage over the last couple of years as against pre-paid segment reducing revenue per subscriber for the companies, updated data on telecom

Published 11 Mar, 2004 12:00am

Open End Mutual Funds (Unit Trusts)

The open end mutual funds.

Published 11 Mar, 2004 12:00am

FWBL registers 9-fold increase in pre-tax profit

First Women Bank Limited (FWBL) has registered an increase of 908 percent in its pre-tax profits during the last three years as it moved from Rs 26 million in the year 2000 to Rs 262 million by the end 2003.

Published 11 Mar, 2004 12:00am

Dates of Closure of Books & Annual General Meetings

Dates of Closure of Books and holding of Ordinary and Extra-Ordinary General Meetings of companies listed on the stock exchanges.

Published 11 Mar, 2004 12:00am

FWBL registers 9-fold increase in pre-tax profit

Published 11 Mar, 2004 12:00am

Clearing Schedule for T+3 System

Karachi Stock Exchange's Clearing Schedule for T+3 System.

Published 11 Mar, 2004 12:00am

Executive district officer told to appear in court

Lahore High Court (LHC) Rawalpindi bench has directed the Executive District Officer (EDO) of Chakwal to appear in the court to submit reply of the petition filed against him in the august court.

Published 11 Mar, 2004 12:00am

Companies under suspension

"Under Suspension" Companies listed on the Karachi Stock Exchange.

Published 11 Mar, 2004 12:00am

Sindh minister accepts SPLA demands

Sindh Minister for Education Irfanullah Khan Marwat has agreed to send seven-point demands of Sindh Professors and Lecturers' Association (SPLA), with the recommendation of provincial education department to federal government.

Published 11 Mar, 2004 12:00am

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 11 Mar, 2004 12:00am

Security steps for Rawalpindi ODI reviewed

The District Administration of Rawalpindi has decided to stop the traffic on double road and its adjacent road leading towards Rawalpindi Cricket Stadium from March 14 to 16, to make sure the security of the cricketers during the March 16 One day Internat

Published 11 Mar, 2004 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Mar 28	281.85
USD PKR Interbank Buying / Mar 28	279.71
USD to Japanese Yen / Apr 1	149.58
USD to Swiss Franc / Apr 1	0.88
Pound Sterling to USD / Apr 1	1.29
Euro to USD / Apr 1	1.08
UK LIBOR % / Mar 27	4.96

Stock	Volume
S&P 500 / Mar 28	5,580.94
Nasdaq / Mar 28	17,322.99
Dow Jones / Mar 28	41,583.90
India Sensex / Apr 1	77,103.74
Tokyo Nikkei / Apr 1	35,624.48
Hang Seng / Apr 1	23,206.84
FTSE 100 / Apr 1	8,653.57
Germany DAX 30 / Apr 1	22,445.60
France CAC40 / Apr 1	7,860.39

Item	Value
Gold 10 Grams PKR / Mar 27	275,205
Karachi Cotton PKR/37.32 KG / Mar 28	17,085
Crude Oil USD/Barrel / Apr 1	71.27
Gold Spot USD/Ounce / Apr 1	3,158.40
Cotton US¢/pound / Apr 1	66.88
Petrol/Litre / Apr 2	254.63
Diesel/Litre / Apr 2	258.64

Gainers
Losers
Leaders

Stock	Price
Mughal Iron & Steel (R) / Mar 27 Mughal Iron & Steel Industries Limited (R)(MUGHALR2)	4.01 ▲ 1 (33.22%)
Parmount Sp. / Mar 27 Paramount Spinning Mills Limited(PASM)	4.10 ▲ 0.59 (16.81%)
Shaheen Ins. / Mar 27 Shaheen Insurance Company Limited(SHNI)	7.50 ▲ 0.97 (14.85%)
Popular Islamic / Mar 27 Popular Islamic Modaraba(PIM)	15.02 ▲ 1.37 (10.04%)
Diamond Ind. / Mar 27 Diamond Industries Limited(DIIL)	33.83 ▲ 3.08 (10.02%)
Sardar Chemical / Mar 27 Sardar Chemical Industries Limited(SARC)	35.95 ▲ 3.27 (10.01%)
J.K.Spinning / Mar 27 J.K. Spinning Mills Limited(JKSM)	69.58 ▲ 6.33 (10.01%)
Data Agro / Mar 27 Data Agro Limited(DAAG)	106.28 ▲ 9.66 (10%)
Leiner Pak Gelat / Mar 27 Leiner Pak Gelatine Limited(LPGL)	121.88 ▲ 11.08 (10%)
Allawasaya Tex / Mar 27 Allawasaya Tex. & Finishing Mills Ltd(AWTX)	1,429.95 ▲ 130 (10%)

Stock	Price
Arif Habib Corp / Mar 27 Arif Habib Corporation Limited(AHCL)	11.60 ▼ -98.09 (-89.42%)
Elahi Cot. / Mar 27 Elahi Cotton Mills Limited(ELCM)	135.93 ▼ -15.1 (-10%)
Khalid Siraj / Mar 27 Khalid Siraj Textile Mills Limited(KSTM)	8.03 ▼ -0.87 (-9.78%)
PIA Holding Co.B / Mar 27 PIA Holding Company Limited B(PIAHCLB)	874.01 ▼ -93.68 (-9.68%)
Saritow Spinning / Mar 27 Saritow Spinning Mills Limited(SSML)	18.90 ▼ -1.75 (-8.47%)
Cordoba Logistics / Mar 27 Cordoba Logistics & Ventures Limited(CLVL)	12.61 ▼ -1.15 (-8.36%)
Sally Textile / Mar 27 Sally Textile Mills Limited(SLYT)	11.01 ▼ -0.99 (-8.25%)
Masood Textile / Mar 27 Masood Textile Mills Limited(MSOT)	49.06 ▼ -4.27 (-8.01%)
Universal Ins. / Mar 27 The Universal Insurance Company Limited(UVIC)	9.57 ▼ -0.73 (-7.09%)
Al-Khair Gadoon / Mar 27 Al-Khair Gadoon Limited(AKGL)	42 ▼ -3.1 (-6.87%)

Stock	Volume
Cnergyico PK / Mar 27 Cnergyico PK Limited(CNERGY)	45,325,056 ▲ 0.31
Pak Elektron / Mar 27 Pak Elektron Limited(PAEL)	29,179,304 ▲ 0.67
P.S.O. / Mar 27 Pakistan State Oil Company Limited(PSO)	26,879,128 ▲ 1.58
Arif Habib Corp / Mar 27 Arif Habib Corporation Limited(AHCL)	20,499,919 ▼ -98.09
WorldCall Telecom / Mar 27 Worldcall Telecom Limited(WTL)	16,191,931 ▼ -0.03
B.O.Punjab / Mar 27 The Bank of Punjab(BOP)	16,148,304 ▼ -0.2
Pak Petroleum / Mar 27 Pakistan Petroleum Limited(PPL)	15,934,134 ▼ -1.85
Engro Fert. / Mar 27 Engro Fertilizers Limited(EFERT)	14,419,464 ▲ 0.5
Fauji Cement / Mar 27 Fauji Cement Company Limited(FCCL)	14,194,696 ▲ 0.53
Maple Leaf Cement / Mar 27 Maple Leaf Cement Factory Limited(MLCF)	11,282,647 ▲ 0.09

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