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Mar 16, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2004-04-16
Iranian mediation with Sadr 'not appropriate': US

Iranian mediation with Sadr 'not appropriate': US

The United States said Thursday it would not be appropriate for Iran to attempt to mediate an end to the stand-off between the US-led coalition in Iraq and Shia cleric Moqtada al-Sadr.
Published 16 Apr, 2004 12:00am
US MIDDAY: gold cuts losses on fund liquidation

US MIDDAY: gold cuts losses on fund liquidation

COMEX gold fell to a near five-week low early Thursday, but then cut losses after a surprise jump in weekly jobless claims set back the dollar and provided precious metals a brief respite from fund liquidation.
Published 16 Apr, 2004 12:00am
US MIDDAY: copper lower on jobless data

US MIDDAY: copper lower on jobless data

COMEX copper futures held to lower levels in a narrow range Thursday morning with continued strength in the dollar applying the main pressure, traders said.
Published 16 Apr, 2004 12:00am
US MIDDAY: soyabeans down on speculative sales

US MIDDAY: soyabeans down on speculative sales

Chicago Board of Trade nearby soyabeans were sharply lower at midday Thursday after falling the 50-cent daily limit on heavy speculative sales in a setback from Wednesday's double-digit gains, traders said.
Published 16 Apr, 2004 12:00am
US MIDDAY: corn futures weaker

US MIDDAY: corn futures weaker

Corn futures at the Chicago Board of Trade were weaker early Thursday, led lower by the new-crop months due to a rapid planting pace of the 2004 US corn crop, traders said.
Published 16 Apr, 2004 12:00am
US MIDDAY: sugar softer on speculative sales

US MIDDAY: sugar softer on speculative sales

CSCE raw sugar futures settled easier Thursday on late speculative sales in a session which featured switch business, as players dumped the May contract ahead of its expiration on April 30, dealers said.
Published 16 Apr, 2004 12:00am
US MIDDAY: coffee futures easier

US MIDDAY: coffee futures easier

CSCE coffee futures closed marginally easier Thursday in mostly switch trade as the market seemed to take a breather after sinking earlier in the week to a three-month low, brokers said.
Published 16 Apr, 2004 12:00am
US MIDDAY: cocoa dips on fund rolling

US MIDDAY: cocoa dips on fund rolling

CSCE cocoa futures in New York settled lower Thursday on continued fund rolling ahead of first notice day as well as outright speculative selling which pressured prices throughout the day, dealers said.
Published 16 Apr, 2004 12:00am
LME ends mostly down, aluminium bucks trend to gain

LME ends mostly down, aluminium bucks trend to gain

Base metals generally trended lower during late Thursday trading on the London Metal Exchange (LME), with only aluminium bucking the trend to finish the open-outcry sessions higher.
Published 16 Apr, 2004 12:00am
Gold and silver fall in Europe on buoyant dollar

Gold and silver fall in Europe on buoyant dollar

Gold and silver fell in Europe on Thursday as the market groped for composure after Wednesday's slide to one month lows as the dollar surged against the euro, dealers said.
Published 16 Apr, 2004 12:00am
Rothschild to exit gold market after 200 years

Rothschild to exit gold market after 200 years

The venerable London-based merchant bank N M Rothschild is exiting the gold market after 200 years, including 80 years of chairing the twice-daily meeting that fixes the London benchmark gold price.
Published 16 Apr, 2004 12:00am
New York cotton settles higher

New York cotton settles higher

NYCE cotton futures settled higher on Thursday on steady speculative fund buying and the positive mood established by the weekly USDA export sales report, analysts said.
Published 16 Apr, 2004 12:00am
London sugar mixed

London sugar mixed

London sugar futures closed mixed on Thursday with traders talking of larger than expected deliveries of Brazilian cargoes at the expiry of the May contract.
Published 16 Apr, 2004 12:00am
Oil rises on Saudi tension, US gas supply worries

Oil rises on Saudi tension, US gas supply worries

Oil prices rose on Thursday amid the threat of fresh attacks in Saudi Arabia, the world's largest oil supplier, and worries over US gasoline supplies ahead of the peak driving season.
Published 16 Apr, 2004 12:00am
Sugar prices to soar in new EU states

Sugar prices to soar in new EU states

Sugar prices look set to rocket in the 10 mostly central and east European countries set to join the EU in two weeks' time as they adapt to the bloc's protectionist regime, a leading industry group said on Thursday.
Published 16 Apr, 2004 12:00am
London cocoa weak

London cocoa weak

London cocoa futures fell on Thursday on structural activity and with thin outright trade as a European quarterly grind number showed a growth in line with expectations and failed to add upward momentum, dealers said.
Published 16 Apr, 2004 12:00am
Malaysian palm oil up on soya

Malaysian palm oil up on soya

Malaysian crude palm oil (CPO) futures bounced back above the psychologically-important 1,900-ringgit-a-tonne level on Thursday, spurred by a surge in rival Chicago soyaoil.
Published 16 Apr, 2004 12:00am
Pests, poor prices hit Indonesian cocoa

Pests, poor prices hit Indonesian cocoa

Pest infestations and poor prices have restricted Indonesia's efforts to improve cocoa bean quality and expand its market, a top industry official said on Thursday.
Published 16 Apr, 2004 12:00am
CBOT rice futures end mixed on commercial buying

CBOT rice futures end mixed on commercial buying

Chicago Board of Trade rice futures closed mixed on Wednesday, with commercial buying supporting nearby contracts and active plantings pressuring deferred, traders said.
Published 16 Apr, 2004 12:00am
Soyabeans and soya products sharply higher

Soyabeans and soya products sharply higher

Chicago Board of Trade soyabean and soyameal futures ended sharply higher on Wednesday after late speculative buying, while soyaoil ended up after the National Oilseed Processors Association reported a drop in its members' soyaoil stocks, traders said.
Published 16 Apr, 2004 12:00am
CSCE sugar settles firm on speculative buying

CSCE sugar settles firm on speculative buying

CSCE raw sugar futures closed higher on Wednesday on speculative buying and switch business as players moved positions away from spot May before it expires at the end of the month, dealers said.
Published 16 Apr, 2004 12:00am
Russian grain exports plummet

Russian grain exports plummet

Russia's grain exports fell sharply in February as a consequence of the introduction of an export duty on wheat and rye and a rise in domestic barley prices, which had seriously cut barley export efficiency.
Published 16 Apr, 2004 12:00am
Malaysian palm oil exports crawl as supply slows

Malaysian palm oil exports crawl as supply slows

Malaysian palm oil exports are rising slowly in April defying hopes of a sharp jump as output concerns and China's demand stay below expectations, traders and shippers said.
Published 16 Apr, 2004 12:00am
Ukraine cuts palm oil imports in February

Ukraine cuts palm oil imports in February

Ukraine cut imports of palm oil sharply to 3,300 tonnes in February from 8,400 tonnes in January 2004 and 12,400 tonnes in December 2003, local analysts said on Thursday.
Published 16 Apr, 2004 12:00am
Shanghai aluminium strong

Shanghai aluminium strong

Shanghai copper and aluminium climbed on Thursday after a strong performance by London Metal Exchange (LME) contracts, with three-month aluminium soaring to a new 8-1/2 year high above $1,800, traders said.
Published 16 Apr, 2004 12:00am
Nymex crude edges down

Nymex crude edges down

Nymex crude oil futures inched lower on Thursday after the US government revealed a smaller build in crude stocks last week, compared with figures from an industry group, traders said.
Published 16 Apr, 2004 12:00am
Tokyo platinum surges to one-month high

Tokyo platinum surges to one-month high

Tokyo platinum futures rose sharply to a one-month high on Thursday on active technical buying ahead of the prompt contract's expiration in less than two weeks, traders said.
Published 16 Apr, 2004 12:00am
New York precious metals disabled by strong dollar

New York precious metals disabled by strong dollar

Comex gold and silver skidded to one-month lows on Wednesday and closed down as fears of inflation lifted the dollar and fanned speculation that US interest rates must soon rise to cool the economy.
Published 16 Apr, 2004 12:00am
Comex copper gains in dramatic turnaround

Comex copper gains in dramatic turnaround

Comex copper futures ended with steep gains in a dramatic turnaround on Wednesday that drew speculative buyers back into the market after a slew of strong US economic data implied a growing need for the metal, traders said.
Published 16 Apr, 2004 12:00am
China seen importing more rice: USDA

China seen importing more rice: USDA

The US Agriculture Department's attache in Beijing released the following report, dated April 2, on the rice outlook for China.
Published 16 Apr, 2004 12:00am
US cotton sales seen slowing, shipments strong

US cotton sales seen slowing, shipments strong

US cotton sales should slow with the amount of fiber available from producers seen declining, when a government report is released on Thursday, brokers said Wednesday.
Published 16 Apr, 2004 12:00am
CSCE coffee futures up on commercial buying

CSCE coffee futures up on commercial buying

CSCE coffee futures finished higher on Wednesday as roaster and commercial buying sparked a rebound from Tuesday's fall to a three-month low, brokers said.
Published 16 Apr, 2004 12:00am
New York cocoa higher

New York cocoa higher

CSCE cocoa futures in New York ended on Wednesday with modest gains on the back of spread activity accompanied by a flurry of fund short-covering and industry buying, dealers said.
Published 16 Apr, 2004 12:00am
Kirana items mixed on Jodia Bazar

Kirana items mixed on Jodia Bazar

Some variations were seen in kirana items as the Jodia Bazar amid modest business on Thursday (April 15, 2004).
Published 16 Apr, 2004 12:00am
Few changes seen on grain market

Few changes seen on grain market

Gram sector had several changes while scattered variations were also seen elsewhere on the seed and grain wholesale markets on Thursday (April 15, 2004).
Published 16 Apr, 2004 12:00am
Couple of deals finalised on cotton market

Couple of deals finalised on cotton market

A couple of deals were finalised on the cotton market, which surprised the sellers, who are showing understanding of the manufacturers and exporters problems, sources said.
Published 16 Apr, 2004 12:00am
Oil cake market rates

Oil cake market rates

The May vaida opened unchanged at Rs 454.10, and rose by 80 paisa and claimed to be the highest at Rs 454.90.
Published 16 Apr, 2004 12:00am
Slump continues in cotton market

Slump continues in cotton market

Slump conditions continued in the domestic market this week as lint prices suffered further losses ranging from Rs 100 to Rs 150 per mound (37.32 kgs) compared to last week.
Published 16 Apr, 2004 12:00am
Slump continues in cotton market

Slump continues in cotton market

Slump conditions continued in the domestic market this week as lint prices suffered further losses ranging from Rs 100 to Rs 150 per mound (37.32 kgs) compared to last week.
Published 16 Apr, 2004 12:00am
CBOT wheat ends up on recovery

CBOT wheat ends up on recovery

Wheat futures at the Chicago Board of Trade closed higher Wednesday on a technical recovery from the break Tuesday to three-week lows and on spill-over from a surge in soy, traders said.
Published 16 Apr, 2004 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 93,856 tonnes of cargo including 60,710 tonnes import and 33,146 tonnes export cargo during last 24 hours ending at 0700 hours on Thursday.
Published 16 Apr, 2004 12:00am
Danish Maersk awaits Indian approval on port bid

Danish Maersk awaits Indian approval on port bid

Danish shipping and oil group A. P. Moeller-Maersk has bid an undisclosed amount for an Indian shipping port, the company said on Thursday, amid political resistance in India to foreign ownership of such facilities.
Published 16 Apr, 2004 12:00am
Singapore bunker prices down

Singapore bunker prices down

Singapore bunker prices for heavy fuel oil were lower on Thursday as access to the ship fuel was freed up by the decongestion of the port, traders said.
Published 16 Apr, 2004 12:00am
China credit curb threatens aluminium expansion

China credit curb threatens aluminium expansion

The Chinese government's latest step toward curbing the country's rapid economic growth could kill plans to build new aluminium smelters and slow down projects already under construction, industry officials and analysts said.
Published 16 Apr, 2004 12:00am
Indian copper firm to ramp up output in July

Indian copper firm to ramp up output in July

Indian copper firm SWIL Ltd will gradually raise output from July at their new plant, which recently started production after a six-year delay, a senior company official said on Thursday.
Published 16 Apr, 2004 12:00am
Kenyan coffee prices down

Kenyan coffee prices down

Kenyan coffee prices mostly slipped at this week's auction but top quality beans fetched premiums as buyers stocked up on the few good qualities available, traders said on Thursday.
Published 16 Apr, 2004 12:00am
Ukraine sunseed and sunoil exports

Ukraine sunseed and sunoil exports

Ukraine's sunflower oil exports were unchanged in February at 67,200 tonnes, analysts said on Thursday.
Published 16 Apr, 2004 12:00am
COT to be phased out by year-end

COT to be phased out by year-end

Dr Tariq Hassan Chairman Securities and Exchange Commission of Pakistan (SECP) has said that the recommendations of the experts committee on de-mutualisation of stock exchanges will be implemented by the end of year as a part of ongoing capital market ref
Published 16 Apr, 2004 12:00am
COT to be phased out by year-end

COT to be phased out by year-end

Dr Tariq Hassan Chairman Securities and Exchange Commission of Pakistan (SECP) has said that the recommendations of the experts committee on de-mutualisation of stock exchanges will be implemented by the end of year as a part of ongoing capital market ref
Published 16 Apr, 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 16 Apr, 2004 12:00am
No decision yet on import of used cars

No decision yet on import of used cars

Finance Minister Shaukat Aziz has said that no decision has been taken by the government as yet whether to allow import of re-conditioned cars.
Published 16 Apr, 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 16 Apr, 2004 12:00am
No decision yet on import of used cars

No decision yet on import of used cars

Finance Minister Shaukat Aziz has said that no decision has been taken by the government as yet whether to allow import of re-conditioned cars.
Published 16 Apr, 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 Thursday (April 15, 2004).
Published 16 Apr, 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 Thursday (April 15, 2004).
Published 16 Apr, 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 Thursday (April 15, 2004).
Published 16 Apr, 2004 12:00am
OIC calls meeting on Middle East and Iraq on April 22

OIC calls meeting on Middle East and Iraq on April 22

The Organisation of the Islamic Conference (OIC) aims to hold an emergency ministerial meeting on the Palestinian issue and Iraq on April 22, assistant secretary general Abdul Aziz Abu Ghosh said on Thursday.
Published 16 Apr, 2004 12:00am
OIC calls meeting on Middle East and Iraq on April 22

OIC calls meeting on Middle East and Iraq on April 22

The Organisation of the Islamic Conference (OIC) aims to hold an emergency ministerial meeting on the Palestinian issue and Iraq on April 22, assistant secretary general Abdul Aziz Abu Ghosh said on Thursday.
Published 16 Apr, 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 Thursday (April 15, 2004).
Published 16 Apr, 2004 12:00am
'Muttahida to support any move for legislation against Karo Kari'

'Muttahida to support any move for legislation against Karo Kari'

The Muttahida Qaumi Movement will fully support any move for legislation against the most detestable practice of Karo Kari in Sindh Assembly, said Aftab Ahmed Shaikh, the adviser on Home Affairs Sindh in a private TV channel programme on Thursday.
Published 16 Apr, 2004 12:00am
Srinagar-Muzafarabad bus service: Kashmiris urged not to travel on visa

Srinagar-Muzafarabad bus service: Kashmiris urged not to travel on visa

The founder President of Azad Jammu and Kashmir Peoples Party, Sardar Khalid Ibrahim Khan has said that the Kashmiris on both sides of Line of Control should develop consensus on one point that they would not travel on Srinagar-Muzafarabad bus service on
Published 16 Apr, 2004 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Thursday (April 15, 2004).
Published 16 Apr, 2004 12:00am
Voice on cassette that of Osama: Powell

Voice on cassette that of Osama: Powell

US Secretary of State Colin Powell said on Thursday the voice on a cassette broadcast by an Arabic television station earlier was that of Al-Qaeda leader Osama bin Laden.
Published 16 Apr, 2004 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Thursday (April 15, 2004).
Published 16 Apr, 2004 12:00am
Lot needed to create welcome image of Pakistan: Lord Nazir

Lot needed to create welcome image of Pakistan: Lord Nazir

British parliamentarians visiting Pakistan these days think Pakistan's perception in Europe is still to be changed in terms of liberation of women, commitment to democracy and tolerance for differing views.
Published 16 Apr, 2004 12:00am
Shipping Intelligence

Shipping Intelligence

Following is the Karachi Shipping Intelligence report incorporating changes till 7.00 am on Thursday 15, April, 2004.
Published 16 Apr, 2004 12:00am
Listed companies conditionally allowed to place accounts on websites

Listed companies conditionally allowed to place accounts on websites

The Securities and Exchange Commission of Pakistan (SECP) has allowed listed companies, subject to the prior approval of the SECP and fulfilment of certain conditions, to place their quarterly accounts on their websites in lieu of transmitting them to the
Published 16 Apr, 2004 12:00am
Shipping Intelligence

Shipping Intelligence

Following is the Karachi Shipping Intelligence report incorporating changes till 7.00 am on Thursday 15, April, 2004.
Published 16 Apr, 2004 12:00am
Listed companies conditionally allowed to place accounts on websites

Listed companies conditionally allowed to place accounts on websites

The Securities and Exchange Commission of Pakistan (SECP) has allowed listed companies, subject to the prior approval of the SECP and fulfilment of certain conditions, to place their quarterly accounts on their websites in lieu of transmitting them to the
Published 16 Apr, 2004 12:00am
Iranian mediation with Sadr 'not appropriate': US

Iranian mediation with Sadr 'not appropriate': US

The United States said Thursday it would not be appropriate for Iran to attempt to mediate an end to the stand-off between the US-led coalition in Iraq and Shia cleric Moqtada al-Sadr.
Published 16 Apr, 2004 12:00am
Talks on gas projects gain momentum

Talks on gas projects gain momentum

Pakistan has accelerated the pace of progress on parleys for gas pipeline from three projects namely Turkmenistan-Afghanistan-Pakistan, Qatar-Pakistan and Iran-Pakistan-India, so as to meet the demand and overcome shortage of 600 million cubic feet (MCF)
Published 16 Apr, 2004 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.
Published 16 Apr, 2004 12:00am
Cop hurt as rockets hit Peshawar

Cop hurt as rockets hit Peshawar

At least two rockets hit Peshawar on Thursday, one of which seriously wounded a policeman, intelligence officials said.
Published 16 Apr, 2004 12:00am
Cop hurt as rockets hit Peshawar

Cop hurt as rockets hit Peshawar

At least two rockets hit Peshawar on Thursday, one of which seriously wounded a policeman, intelligence officials said.
Published 16 Apr, 2004 12:00am
Oil and gas conference to open on May 3

Oil and gas conference to open on May 3

Pakistan Oil & Gas Conference 2004 will be inaugurated by Federal Minister for Petroleum & Natural Resources Chaudhry Nouraiz Shakoor on May 3, 2004 in Islamabad.
Published 16 Apr, 2004 12:00am
Eight die in van-truck collision

Eight die in van-truck collision

As many as eight persons, including a man and his son were killed and 10 others seriously injured when a speeding van collided with a truck here on Thursday.
Published 16 Apr, 2004 12:00am
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