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Nov 25, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2004-03-25
Fata mining projects face cash crunch

Fata mining projects face cash crunch

The coal and soapstone exploitation projects in Kurram and Orakzai agencies of the tribal area have been hit by another snag of the release of funds for the projects, reliable sources in mineral sector confided to Business Recorder on Wednesday.
Published 25 Mar, 2004 12:00am
Tribal elders seek to get prisoners freed

Tribal elders seek to get prisoners freed

Tribal elders tried on Wednesday to secure the release of 14 government men as part of efforts to negotiate a halt to a bloody week-long battle between troops and al Qaeda fighters.
Published 25 Mar, 2004 12:00am
Tribal elders seek to get prisoners freed

Tribal elders seek to get prisoners freed

Tribal elders tried on Wednesday to secure the release of 14 government men as part of efforts to negotiate a halt to a bloody week-long battle between troops and al Qaeda fighters.
Published 25 Mar, 2004 12:00am
Mitsubishi unit to recall 112,000 trucks in Japan

Mitsubishi unit to recall 112,000 trucks in Japan

Japanese truckmaker Mitsubishi Fuso Truck and Bus Corp said Wednesday it would recall more than twice as many vehicles than previously announced over problems with faulty wheel hubs that led to a fatal accident.
Published 25 Mar, 2004 12:00am
Hewlett-Packard to launch Linux-based PCs globally

Hewlett-Packard to launch Linux-based PCs globally

Hewlett-Packard Co is putting its weight behind personal computers that run the Linux operating system, the No 1 personal computer and computer printer maker said on Wednesday.
Published 25 Mar, 2004 12:00am
ECB hints open door for possible April rate cut

ECB hints open door for possible April rate cut

European Central Bank policymakers are hinting there is room for cheaper credit in the eurozone if confidence falters, opening the door to a possible interest rate cut next week.
Published 25 Mar, 2004 12:00am
Fujitsu and Mitsubishi to explore phone partnership

Fujitsu and Mitsubishi to explore phone partnership

Japanese electronics conglomerates Fujitsu Ltd and Mitsubishi Electric Corp said on Wednesday they may jointly develop high-speed third-generation (3G) phones for the country's dominant mobile phone operator, NTT DoCoMo Inc.
Published 25 Mar, 2004 12:00am
Pre-bid moot for Kohinoor Oil Mills held

Pre-bid moot for Kohinoor Oil Mills held

Privatisation Commission held pre-bid conference for Kohinoor Oil Mills Limited sell-of here on Wednesday. The commission has offered 51 percent shares on 'as is where is' basis.
Published 25 Mar, 2004 12:00am
Pre-bid moot for Kohinoor Oil Mills held

Pre-bid moot for Kohinoor Oil Mills held

Privatisation Commission held pre-bid conference for Kohinoor Oil Mills Limited sell-of here on Wednesday. The commission has offered 51 percent shares on 'as is where is' basis.
Published 25 Mar, 2004 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (March 24, 2004).
Published 25 Mar, 2004 12:00am
Microsoft fined 497 million euros in anti-trust case

Microsoft fined 497 million euros in anti-trust case

European regulators on Wednesday went dramatically further than their US counterparts by imposing a record fine of half a billion euros and product changes on US software giant Microsoft for stifling rivals.
Published 25 Mar, 2004 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (March 24, 2004).
Published 25 Mar, 2004 12:00am
Microsoft fined 497 million euros in anti-trust case

Microsoft fined 497 million euros in anti-trust case

European regulators on Wednesday went dramatically further than their US counterparts by imposing a record fine of half a billion euros and product changes on US software giant Microsoft for stifling rivals.
Published 25 Mar, 2004 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Wednesday (March 24, 2004).
Published 25 Mar, 2004 12:00am
Bulls dominate ISE proceedings

Bulls dominate ISE proceedings

Bulls dominated the proceedings at Islamabad Stock Exchange (ISE) on Wednesday where equities witnessed broad-based recovery under the lead of heavyweights amid increase in index.
Published 25 Mar, 2004 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Wednesday (March 24, 2004).
Published 25 Mar, 2004 12:00am
Bulls dominate ISE proceedings

Bulls dominate ISE proceedings

Bulls dominated the proceedings at Islamabad Stock Exchange (ISE) on Wednesday where equities witnessed broad-based recovery under the lead of heavyweights amid increase in index.
Published 25 Mar, 2004 12:00am
Across-the-board gains on LSE

Across-the-board gains on LSE

Equities registered gains across the board on the Lahore Stock Exchange (LSE) amid ascending transaction volume on account of institutional support.
Published 25 Mar, 2004 12:00am
Bill buying rates per unit of currency

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 24, 2004).
Published 25 Mar, 2004 12:00am
Across-the-board gains on LSE

Across-the-board gains on LSE

Equities registered gains across the board on the Lahore Stock Exchange (LSE) amid ascending transaction volume on account of institutional support.
Published 25 Mar, 2004 12:00am
KSE index touches new high

KSE index touches new high

Across-the-board buying, especially in OGDC, helped the KSE-100 index to reach a new record high mark of 5045.49 following active support from financial institutions and leading brokerage houses.
Published 25 Mar, 2004 12:00am
KSE index touches new high

KSE index touches new high

Across-the-board buying, especially in OGDC, helped the KSE-100 index to reach a new record high mark of 5045.49 following active support from financial institutions and leading brokerage houses.
Published 25 Mar, 2004 12:00am
Currency notes: exchange rates

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 24, 2004).
Published 25 Mar, 2004 12:00am
Conversion for foreign currency deposits

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Wednesday (March 24, 2004).
Published 25 Mar, 2004 12:00am
Saudi group to help build island city and tramway

Saudi group to help build island city and tramway

Saudi Engineering Group International (SEGI) has signed memorandums of understanding (MoUs) with the City District Government Karachi (CDGK) to invest $500 million in two different projects in Karachi.
Published 25 Mar, 2004 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Wednesday (March 24, 2004).
Published 25 Mar, 2004 12:00am
Saudi group to help build island city and tramway

Saudi group to help build island city and tramway

Saudi Engineering Group International (SEGI) has signed memorandums of understanding (MoUs) with the City District Government Karachi (CDGK) to invest $500 million in two different projects in Karachi.
Published 25 Mar, 2004 12:00am
Barclays bid rates and maximum rates for payment of interest

Barclays bid rates and maximum rates for payment of interest

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
Published 25 Mar, 2004 12:00am
Defence ties with China to increase: Musharraf

Defence ties with China to increase: Musharraf

President Pervez Musharraf said on Wednesday that Pakistan and China would continue to expand co-operation in all fields, including defence and defence production.
Published 25 Mar, 2004 12:00am
State Bank of Pakistan conversion rates

State Bank of Pakistan conversion rates

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
Published 25 Mar, 2004 12:00am
UNHCR needs $122 million for Afghan refugees return

UNHCR needs $122 million for Afghan refugees return

To further intensify the repatriation of Afghan refugees to their home country, the United Nations High Commission for Refugees (UNHCR) has appealed for more than $122 million for its extended operations.
Published 25 Mar, 2004 12:00am
Singapore bunker prices steady

Singapore bunker prices steady

Singapore bunker prices were steady on Wednesday due to strong prompt demand and support from higher crude and oil product cargoes, which helped to counter downward pressure from rising supply.
Published 25 Mar, 2004 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 53,459 tonnes of cargo including 35,779 tonnes import and 17,680 tonnes export cargo during last 24 hours ending at 0700 hours on Wednesday.
Published 25 Mar, 2004 12:00am
Asian ports must upgrade to meet needs of 'mega' container ships

Asian ports must upgrade to meet needs of 'mega' container ships

Asia must upgrade existing ports and build new ones to meet the needs of next generation "mega-container ships" as the center of gravity of global trade shifts from Europe to the region, analysts said at a maritime conference here Wednesday.
Published 25 Mar, 2004 12:00am
Kenyan tea prices mixed

Kenyan tea prices mixed

Heavy rains in Kenyan tea growing areas brought a drop in prices of poorer tea at this week's auction as offers of low quality leaves rose, traders said on Wednesday.
Published 25 Mar, 2004 12:00am
Sri Lankan teas dip in mixed sale

Sri Lankan teas dip in mixed sale

Sri Lanka's tea market saw a mixed sale on Wednesday, with low-grown teas selling well but plainer teas from the high-grown regions meeting less demand.
Published 25 Mar, 2004 12:00am
Roadmap on budgetary measures being drawn

Roadmap on budgetary measures being drawn

The Central Board of Revenue (CBR) is preparing a roadmap on budgetary measures to be introduced in fiscal 2004-05 making tax policy more investors-friendly.
Published 25 Mar, 2004 12:00am
FOB Gulf corn weak, soyabean steady

FOB Gulf corn weak, soyabean steady

US Gulf FOB corn basis offers lower on Tuesday amid ample supplies following stepped up farmer selling and a lack of fresh demand, dealer said, adding that soyabeans were mostly steady.
Published 25 Mar, 2004 12:00am
Roadmap on budgetary measures being drawn

Roadmap on budgetary measures being drawn

The Central Board of Revenue (CBR) is preparing a roadmap on budgetary measures to be introduced in fiscal 2004-05 making tax policy more investors-friendly.
Published 25 Mar, 2004 12:00am
Vietnam rice prices firm on China's demand

Vietnam rice prices firm on China's demand

Pressing rice demands from China and solid loadings at Vietnam's key port have kept local prices of the grain firm and prompted exporters to seek delays in deliveries, traders said on Wednesday.
Published 25 Mar, 2004 12:00am
Chinese soya interest wanes as CBOT hits new highs

Chinese soya interest wanes as CBOT hits new highs

Chinese buyers have retreated to the sidelines as a rally in Chicago soya futures to fresh multiyear highs has undermined their hopes for restored crushing margins following recent rises in domestic meal prices.
Published 25 Mar, 2004 12:00am
Oil cake market rates

Oil cake market rates

The March vaida opened at Rs 435.40 and was the highest at Rs 435.50. Later it was quoted lowest at Rs 435 and closing was seen at Rs 435.50.
Published 25 Mar, 2004 12:00am
Troops fight new battles as tribal backlash feared

Troops fight new battles as tribal backlash feared

Pakistani troops fought new battles with gunmen near the Afghan border as fears spread on Wednesday of a campaign of retaliation against the offensive aimed at rooting out al Qaeda members and their supporters.
Published 25 Mar, 2004 12:00am
Cotton market remains dull

Cotton market remains dull

Dull session was evident on the cotton market on Wednesday where quiet was stated to have prevailed because of the crucial Pak-India fifth ODI, relevant sources said.
Published 25 Mar, 2004 12:00am
Troops fight new battles as tribal backlash feared

Troops fight new battles as tribal backlash feared

Pakistani troops fought new battles with gunmen near the Afghan border as fears spread on Wednesday of a campaign of retaliation against the offensive aimed at rooting out al Qaeda members and their supporters.
Published 25 Mar, 2004 12:00am
Raw rubber mixed on Jodia Bazar

Raw rubber mixed on Jodia Bazar

Mixed trend was marked in raw rubber on the Jodia Bazar where other sectors transpired insignificant variations.
Published 25 Mar, 2004 12:00am
Modest business seen on grain market

Modest business seen on grain market

Changes were quite a few on the seed and grain wholesale markets amid modest business on Wednesday (March 24, 2004).
Published 25 Mar, 2004 12:00am
World market rice prices: USDA

World market rice prices: USDA

The US Agriculture Department's Commodity Credit Corporation today announced the following prevailing world market prices of milled and rough rice, adjusted for US milling yields and location, and the resulting marketing loan gain (MLG) and loan deficienc
Published 25 Mar, 2004 12:00am
CSCE coffee futures lower amid erratic session

CSCE coffee futures lower amid erratic session

CSCE coffee futures finished an erratic session lower on Tuesday as speculators and locals tried to make money in a narrow trading band, brokers said.
Published 25 Mar, 2004 12:00am
New York cocoa backs away from three-week peak

New York cocoa backs away from three-week peak

CSCE cocoa futures closed modestly lower on Tuesday as short-term speculators liquidated longs or added to existing short positions after a recent advance to a three-week high, traders said.
Published 25 Mar, 2004 12:00am
US senator asks USDA to block Brazilian soy imports

US senator asks USDA to block Brazilian soy imports

The United States should not open its borders to Brazilian soybeans and soyameal until sufficient safeguards are in place to prevent introduction of the devastating soybean rust disease, said Senate Finance Committee chairman Chuck Grassley on Tuesday.
Published 25 Mar, 2004 12:00am
Shanghai copper futures up

Shanghai copper futures up

Shanghai copper closed up on Wednesday as the London Metal Exchange recouped heavy losses in overnight trade, boosted by strong fundamentals and shrugging off the threat of geopolitical uncertainty, traders said.
Published 25 Mar, 2004 12:00am
Malaysian tin rises

Malaysian tin rises

Malaysian tin closed another $15 up, continuing for the 12th day a winning streak that has made the metal costlier in Kuala Lumpur than London and turned European buyers away.
Published 25 Mar, 2004 12:00am
Comex copper higher on late short-cover buying

Comex copper higher on late short-cover buying

In a dramatic turnaround, Comex copper reversed its steep losses in the last minutes on Tuesday to close with moderate gains, which some traders attributed to selling on global security worries that was met with late short-cover buying on dips, traders sa
Published 25 Mar, 2004 12:00am
Tokyo platinum up sharply

Tokyo platinum up sharply

Tokyo platinum prices marched higher on Wednesday on active bargain hunting and the view that strong demand for the metal would remain intact, but gold barely budged.
Published 25 Mar, 2004 12:00am
Comex gold climbs on speculative funds

Comex gold climbs on speculative funds

Comex gold on Tuesday recovered from losses and rose to its highest price since trading near 15-year peaks in January, as investors continued buying bullion to insulate portfolios from worldwide tensions.
Published 25 Mar, 2004 12:00am
Asian platinum 24-year high, crimps physical buying

Asian platinum 24-year high, crimps physical buying

Spot platinum prices hit a fresh 24-year high in Asia on Wednesday on renewed speculative buying but physical demand, especially from key buyer China, showed signs of retreating, traders said on Wednesday.
Published 25 Mar, 2004 12:00am
Thai rubber prices lower

Thai rubber prices lower

Thai rubber prices were lower in sluggish trade on Wednesday, but they are not expected to dip further as domestic supplies are tight, traders said.
Published 25 Mar, 2004 12:00am
Low stocks to boost Indian cotton prices and imports

Low stocks to boost Indian cotton prices and imports

India, the world's third-largest cotton producer, is likely to step up imports over the next two months as domestic prices are seen rising with a seasonal drop in local supply, traders said on Wednesday.
Published 25 Mar, 2004 12:00am
Tokyo rubber dips in profit-taking

Tokyo rubber dips in profit-taking

Tokyo rubber futures fell on profit-taking on Wednesday, giving up the week's gains as traders focused on the imminent expiry of the prompt contract.
Published 25 Mar, 2004 12:00am
Indonesian rubber prices up

Indonesian rubber prices up

A rise in world rubber prices on supply concerns and talk of Chinese presence in the market prompted overseas buyers to clinch deals and moved Indonesian tyre-grade SIR20 prices higher, traders said on Wednesday.
Published 25 Mar, 2004 12:00am
High exports may create sunseed shortage in Ukraine

High exports may create sunseed shortage in Ukraine

Ukraine's vegetable oil producers may face a serious shortage of raw seed for crushing due to the high pace of sunflower seed exports this season, analysts said on Wednesday.
Published 25 Mar, 2004 12:00am
CSCE sugar surges amid speculative buying

CSCE sugar surges amid speculative buying

CSCE raw sugar futures ended on Tuesday at a 7-1/2 month high on relentless speculative fund buying, with the sweetener seen edging higher in the days ahead, brokers said.
Published 25 Mar, 2004 12:00am
Soyabeans end mixed in slight setback

Soyabeans end mixed in slight setback

Chicago Board of Trade soyabean futures ended mixed on Tuesday in a slight setback after on Monday's sharp rally capped a run of eight straight sessions in which the spot month closed higher, traders said.
Published 25 Mar, 2004 12:00am
CBOT rice settles mixed on speculative buying

CBOT rice settles mixed on speculative buying

Chicago Board of Trade rough rice futures ended mixed on Tuesday with light speculative buying supporting the nearby contracts after profit-taking, brokers said.
Published 25 Mar, 2004 12:00am
Australian wool indicator falls

Australian wool indicator falls

The Australian Wool Exchange (AWEX) said its eastern market indicator (EMI) fell 10 cents to 779 cents a kg clean at sales on Wednesday.
Published 25 Mar, 2004 12:00am
China to accept applications for Brazilian soya import

China to accept applications for Brazilian soya import

China's Agriculture Ministry will start accepting applications from Monday for permits to allow Brazilian soyabeans to enter the country after April 20, when an interim import measure expires, officials said on Wednesday.
Published 25 Mar, 2004 12:00am
Malaysian palm oil futures up

Malaysian palm oil futures up

Malaysian crude palm oil (CPO) futures ended up on Wednesday, ignoring losses in Chicago soyaoil overnight, as speculation over exports for March 1-25 fanned buying.
Published 25 Mar, 2004 12:00am
London robusta price weakens

London robusta price weakens

London robusta prices closed lower on Wednesday on thin outright activity and with origin offers pressuring prices, dealers said.
Published 25 Mar, 2004 12:00am
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