News Archives for Print - 2004-05-08

Print - 2004-05-08

NJLI Pen Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Friday (May 07, 2004).

Published 08 May, 2004 12:00am

Local pesticides industry to be encouraged

Local pesticides industry would be encouraged to boost agriculture production as pesticides play an important role in enhancing the yield.

Published 08 May, 2004 12:00am

NJLI Mutual Fund Rates

New Jubilee Life Insurance Mutual Fund Rates on Friday (May 07, 2004).

Published 08 May, 2004 12:00am

Hearing in Justice Nizam's murder case adjourned

District and Session Judge Karachi Central Syed Pir Ali Shah on Friday adjourned hearing against Asif Ali Zardari, husband of former prime minister Benazir Bhutto, in Justice Nizam Ahmed murder case.

Published 08 May, 2004 12:00am

NJLI Mutual Fund Rates

New Jubilee Life Insurance Mutual Fund Rates on Friday (May 07, 2004).

Published 08 May, 2004 12:00am

Development of areas bordering Afghanistan emphasised

The government, international development partners and bilateral donors through an inter-active dialogue in Islamabad articulated approaches to speed up development of areas bordering Afghanistan.

Published 08 May, 2004 12:00am

NJLI Mutual Fund Rates

New Jubilee Life Insurance Mutual Fund Rates on Friday (May 07, 2004).

Published 08 May, 2004 12:00am

Sindh government to provide support to foreign oil explorers

Sindh government will provide full support and security to the foreign oil exploring company and appreciate foreign investment in oil and gas sectors.

Published 08 May, 2004 12:00am

Pakistan Investment Bond: Secondary Market Yields

PIB secondary market yield rates on Friday (May 07, 2004).

Published 08 May, 2004 12:00am

Rs 11.5 million information technology project approved

The Federal Minister for Information Technology Awais Ahmad Khan Leghari has approved a project for carrying out a strategic study of the Pakistan's information technology industry.

Published 08 May, 2004 12:00am

Pakistan Investment Bond: Secondary Market Yields

PIB secondary market yield rates on Friday (May 07, 2004).

Published 08 May, 2004 12:00am

KCCI pledges support to small traders

"The Chamber will extend all possible assistance to resolve issues pertaining to small traders".

Published 08 May, 2004 12:00am

Pakistan Investment Bond: Secondary Market Yields

PIB secondary market yield rates on Friday (May 07, 2004).

Published 08 May, 2004 12:00am

PIA fulfils formalities for eight new Boeing 777s purchase

Pakistan International Airlines (PIA) had fulfilled all legal, technical and operational formalities while making decision to purchase eight new state-of-the-art Boeing 777s for US$1.54 billion.

Published 08 May, 2004 12:00am

Treasury-Bills Secondary Market Yields

Treasury bills secondary market yields rate on Friday (May 07, 2004).

Published 08 May, 2004 12:00am

Authorities told to resolve FJMC de-accreditation issue

The federal government, while taking notice of the decision of the College of Physicians and Surgeons Pakistan, has asked the authorities concerned to look into the matter and resolve the issue in an amicable way.

Published 08 May, 2004 12:00am

Treasury-Bills Secondary Market Yields

Treasury bills secondary market yields rate on Friday (May 07, 2004).

Published 08 May, 2004 12:00am

Journal launched

Federal Minister In charge for Science and Technology has edited and launched international journal "Letter in Origin Chemistry."

Published 08 May, 2004 12:00am

Treasury-Bills Secondary Market Yields

Treasury bills secondary market yields rate on Friday (May 07, 2004).

Published 08 May, 2004 12:00am

Quake hits Chitral

An earthquake of mild intensity was felt in Chitral and nearby areas on Friday morning.

Published 08 May, 2004 12:00am

US treasuries bid yields

US treasuries bid yields on Friday (May 07, 2004).

Published 08 May, 2004 12:00am

Prgmea for system to collect export data

The Pakistan Readymade Garments Manufacturers and Exporters Association (Prgmea) has called for putting in place a reliable system for collecting export data after the commencement of the free trade era, abolishing textile quotas from January 2005.

Published 08 May, 2004 12:00am

US treasuries bid yields

US treasuries bid yields on Friday (May 07, 2004).

Published 08 May, 2004 12:00am

Payphone companies term CBR recovery drive illegal

The Association of Card Payphone Operators (ACPO) has informed the Sindh High Court that the Central Board of Revenue (CBR) has allegedly started recovery proceedings from the payphone card operators in violation of the court order.

Published 08 May, 2004 12:00am

US treasuries bid yields

US treasuries bid yields on Friday (May 07, 2004).

Published 08 May, 2004 12:00am

FTO orders action against erring tax official

Superintendent of Sales Tax cannot issue notice for recovery as the law says no body below the rank of Assistant Collector can do so.

Published 08 May, 2004 12:00am

US treasuries bid prices

US treasuries bid prices on Friday (May 07, 2004).

Published 08 May, 2004 12:00am

Bodies of Chinese engineers reach home

The bodies of three Chinese victims of a car bomb attack in south-west Pakistan were repatriated Friday by plane with the Pakistani communications minister accompanying the coffins, state press reported.

Published 08 May, 2004 12:00am

US treasuries bid prices

US treasuries bid prices on Friday (May 07, 2004).

Published 08 May, 2004 12:00am

'Red alert at airports not linked with Shahbaz's return'

Interior Minister Faisal Saleh Hayat has said that red alert at airports is not linked with the return of PML-N leader Shahbaz Sharif.

Published 08 May, 2004 12:00am

US treasuries bid prices

US treasuries bid prices on Friday (May 07, 2004).

Published 08 May, 2004 12:00am

Durrani meets Mahar

The NWFP Chief Minister Akram Khan Durrani had a meeting with Sindh Chief Minister at Chief Minister House here on Friday and exchanged views on various issues.

Published 08 May, 2004 12:00am

US Treasuries cower ahead of milestone jobs report

The US Treasury prices dipped on Thursday after a surprising drop in the number of Americans lining up to claim unemployment benefits last week stoked fears of a strong payrolls report for April.

Published 08 May, 2004 12:00am

Senate panel briefed on foreign policy

The Senate Foreign relation Committee met on Friday at the Foreign Office under its chairman senator Mushahid Hussain Bayed.

Published 08 May, 2004 12:00am

US Treasuries cower ahead of milestone jobs report

The US Treasury prices dipped on Thursday after a surprising drop in the number of Americans lining up to claim unemployment benefits last week stoked fears of a strong payrolls report for April.

Published 08 May, 2004 12:00am

$12 million law suit being filed against Macedonia

A $12 million law suit is being filed against the Macedonian government for killing six innocent Pakistanis in 2002.

Published 08 May, 2004 12:00am

Open market rates of foreign currencies

Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Friday (May 07, 2004).

Published 08 May, 2004 12:00am

Kasuri hails Kashmiri expatriates

Foreign Minister Khurshid M. Kasuri has appreciated the effective and meaningful role played by the Kashmiris and the Pakistani community in UK in the projection of Kashmir cause.

Published 08 May, 2004 12:00am

London Interbank Offered Rates

London Interbank Offered Rates (LIBOR) on Friday (May 07, 2004).

Published 08 May, 2004 12:00am

Jamali for consensus appointment of OIC Secretary General

Pakistan would prefer appointment of OIC Secretary General on the basis of consensus rather than election, Prime Minister Zafarullah Khan Jamali told the Malaysian candidate for the said post.

Published 08 May, 2004 12:00am

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (May 07, 2004).

Published 08 May, 2004 12:00am

Bomb hurts three near hotel in Quetta

Three people were wounded here on Friday when a small bomb exploded opposite a hotel due to host an investment conference at the weekend, police said.

Published 08 May, 2004 12:00am

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (May 07, 2004).

Published 08 May, 2004 12:00am

A new concept in Islamic education

A completely new concept in Islamic education for the younger generation will materialise here on Saturday, May 8, 2004 with the inauguration of the EEMAAN School of Islamic Education at 11 am at its premises No 245/2-J/6, PECHS off Sharea Faisal.

Published 08 May, 2004 12:00am

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Friday (May 07, 2004).

Published 08 May, 2004 12:00am

Security of Gwadar, foreign workers high priority: Tasneem

Secretary Interior Tasneem Noorani has said top priority will be given to the security of Gwadar and foreigners working there.

Published 08 May, 2004 12:00am

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Friday (May 07, 2004).

Published 08 May, 2004 12:00am

Ormara can be considered as commercial port: CNS

Ormara can be considered for future commercial activities like other ports of the country, especially Karachi Port.

Published 08 May, 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 Friday (May 07, 2004).

Published 08 May, 2004 12:00am

Ormara can be considered as commercial port: CNS

Ormara can be considered for future commercial activities like other ports of the country, especially Karachi Port.

Published 08 May, 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 Friday (May 07, 2004).

Published 08 May, 2004 12:00am

Army to re-launch hunt for militants

The Pakistani military said on Friday it might use force again to hunt down foreign militants holed up along the rugged, lawless border with Afghanistan as a midnight deadline approached for them to surrender or register.

Published 08 May, 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 Friday (May 07, 2004).

Published 08 May, 2004 12:00am

Army to re-launch hunt for militants

Published 08 May, 2004 12:00am

Interest rates on old and incremental FCY deposits

Interest rates on old and incremental FCY deposits on Friday (May 07, 2004).

Published 08 May, 2004 12:00am

EDF approves funds for export-oriented projects

The Board of Administrators of Export Development Fund (EDF) on Friday approved funds for various export-oriented projects, including setting up of three garment cities in Karachi, Lahore and Faisalabad.

Published 08 May, 2004 12:00am

LIBOR calculating interest on US dollar

London Interbank Offer Rates on for calculating interest on special US dollar on Friday (May 07, 2004).

Published 08 May, 2004 12:00am

EDF approves funds for export-oriented projects

Published 08 May, 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 Friday (May 07, 2004).

Published 08 May, 2004 12:00am

SBP meeting with exchange companies heads on May 8

The State Bank of Pakistan has postponed its meeting with the chief executives of exchange companies to Saturday due to a bomb blast in Karachi on Friday.

Published 08 May, 2004 12:00am

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Friday (May 07, 2004).

Published 08 May, 2004 12:00am

SBP meeting with exchange companies heads on May 8

The State Bank of Pakistan has postponed its meeting with the chief executives of exchange companies to Saturday due to a bomb blast in Karachi on Friday.

Published 08 May, 2004 12:00am

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Friday (May 07, 2004).

Published 08 May, 2004 12:00am

Politician among four killed in IOK

Four people, including a politician, died in the latest violence in Indian occupied Kashmir ahead of the final round of India's mammoth national elections, police said on Friday.

Published 08 May, 2004 12:00am

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 08 May, 2004 12:00am

Politician among four killed in IOK

Four people, including a politician, died in the latest violence in Indian occupied Kashmir ahead of the final round of India's mammoth national elections, police said on Friday.

Published 08 May, 2004 12:00am

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 08 May, 2004 12:00am

EU plans report as Greek 2003 deficit exceeds limit

Greece's budget deficit surpassed the EU cap in 2003 and could be adjusted even higher, Eurostat said on Friday, prompting the European Commission to say it would prepare a report on the country's budget situation.

Published 08 May, 2004 12:00am

Karachi interbank rates

Karachi interbank rates on Friday (May 07, 2004).

Published 08 May, 2004 12:00am

Newspapers no more independent in Pakistan: Safma

Internal censorship has increased, which negatively affects the efficiency of the journalists and also placed their ability to tell the truth freely and objectively at risk.

Published 08 May, 2004 12:00am

French rapeseed hits record high

The French old crop rapeseed futures contract hit a record 340 euros per tonne, up 11.50 euros, on Friday, as short supplies on the cash market forced some traders to scramble to cover short positions.

Published 08 May, 2004 12:00am

Power ministry to spend Rs 4.5 billion annually on system upgradation

The Ministry of Water and Power will disburse around Rs 4.5 billion per year from the next fiscal for upgradation of the existing power distribution infrastructure and improvement of main transmission lines.

Published 08 May, 2004 12:00am

Rains improve Ukraine's grain crops

Heavy rains in almost all Ukrainian regions have improved the condition of spring and winter grain significantly boosting crop outlook, a senior agriculture official said on Friday.

Published 08 May, 2004 12:00am

Power ministry to spend Rs 4.5 billion annually on system upgradation

Published 08 May, 2004 12:00am

Indian Nalco sells alumina to Iran

India's state-run National Aluminium Company (Nalco) sold this week 30,000 tonnes of alumina to Iran Aluminium Company (IRALCO), a top official of the Indian company told Reuters on Friday.

Published 08 May, 2004 12:00am

SBP invites applications for 'Primary Dealers'

The State Bank of Pakistan has invited applications for appointment of 'Primary Dealers' for Government Securities for the year 2004-05.

Published 08 May, 2004 12:00am

Brazil to sell coffee stocks

Brazil will sell coffee stocks bought from producers via a put options program last year to take advantage of good market conditions, Agriculture Ministry said on Thursday.

Published 08 May, 2004 12:00am

Wheat prices moving upward

Flour price in the local market showing upward trend with every passing day following the failure of Sindh Food Department to accomplish its annual wheat procurement target.

Published 08 May, 2004 12:00am

Taiwan to open more transshipment ports with China

Taiwan will open two more ports next week for transshipment services with China in a modest goodwill gesture to improve ties and called on Friday on arch-foe Beijing to reciprocation, Chen Ming-tong, told a news conference.

Published 08 May, 2004 12:00am

KASB assigned 'BBB+', 'A2' ratings

The Pakistan Credit Rating Agency (Pacra) has assigned a long-term rating of 'BBB+' (Triple B Plus) and short-term rating of 'A2' (A Two) to KASB Bank Ltd.

Published 08 May, 2004 12:00am

Canada grain stocks rebound after drought

Stocks of most Canadian grains as of March 31 have rebounded from last year's levels that had suffered from 2002's drought, Statistics Canada said on Friday.

Published 08 May, 2004 12:00am

KASB assigned 'BBB+', 'A2' ratings

The Pakistan Credit Rating Agency (Pacra) has assigned a long-term rating of 'BBB+' (Triple B Plus) and short-term rating of 'A2' (A Two) to KASB Bank Ltd.

Published 08 May, 2004 12:00am

Singapore bunker prices down

Singapore bunker or ship fuel prices were flat to lower on Friday as thin demand countered support from soaring benchmark crude.

Published 08 May, 2004 12:00am

FPCCI lauds CBR amnesty to registered persons

Sheikh Maqbool Ahmed, Vice President, Federation of Pakistan Chambers of Commerce and Industry (FPCCI), has appreciated the announcement of amnesty by Sales Tax Wing of Central Board of Revenue (CBR) exempting the amount of sales tax, additional tax and p

Published 08 May, 2004 12:00am

Activity at Karachi and Qasim ports

The Karachi Port handled 97,371 tonnes of cargo including 84,392 tonnes import and 12,979 tonnes export cargo during last 24 hours ending at 0700 hours on Friday.

Published 08 May, 2004 12:00am

FPCCI lauds CBR amnesty to registered persons

Published 08 May, 2004 12:00am

Cuban raw sugar output tops 2.3 million tonnes

Cuban raw sugar production topped 2.3 million tonnes this week with little chance an additional 100,000 tonnes can be churned out before the last mill closes later this month, local analysts said on Thursday.

Published 08 May, 2004 12:00am

KCCI proposes changes to make DTRE more export-friendly

Karachi Chamber of Commerce and Industry (KCCI) has suggested that the government should allow refund or input adjustment of sales tax paid on electricity and gas to the Duty and Tax Remission rules for exports (DTRE) approved exporters on the basis of so

Published 08 May, 2004 12:00am

UK wheat prices tumble as buyers flee, exports lag

London wheat futures fell sharply on Friday, with old crop prices losing up to three pounds a tonne as sellers stepped up efforts to lock in profits amid fears of a further fall, dealers said.

Published 08 May, 2004 12:00am

Britain car registration dips

The Society of Motor Manufacturers and Traders said on Friday new car registrations in Britain dipped slightly in April, but it revised up forecasts for 2004 sales on the back of a robust economy.

Published 08 May, 2004 12:00am

US Midwest soyabean and corn firmer; sales quiet

US Midwest spot soyabean basis bids were strong on Friday, and corn bids were steady to slightly firmer, with country selling quiet after sharp futures drops on Thursday, dealers said.

Published 08 May, 2004 12:00am

Kerry camp mum on US trade negotiating authority

Democratic presidential candidate John Kerry has not decided if he will seek a two-year extension of presidential trade negotiating authority that expires next year, a campaign spokesman said on Thursday.

Published 08 May, 2004 12:00am

CBOT wheat futures down on corn and soya decline

Soft red winter wheat futures at the Chicago Board of Trade closed lower on Thursday on spill-over selling from a sharp drop in corn and soya, traders said.

Published 08 May, 2004 12:00am

Business Support Centre to be set up at Lahore

With a view to attracting foreign investment in the country, the Ministry of Industries and Production in collaboration with the Small and Medium Enterprise Development Authority (Smeda) and the Pakistan Automobile Corporation (Paco) is going to set up a

Published 08 May, 2004 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 29	278.13
USD PKR Interbank Buying / Nov 29	278.03
USD to Japanese Yen / Nov 29	150.14
USD to Swiss Franc / Nov 29	0.88
Pound Sterling to USD / Nov 29	1.27
Euro to USD / Nov 29	1.06

Stock	Volume
S&P 500 / Nov 28	5,998.74
Nasdaq / Nov 28	19,060.48
Dow Jones / Nov 28	44,722.06
India Sensex / Nov 29	19,338.14
Tokyo Nikkei / Nov 29	38,198.52
Hang Seng / Nov 29	79,714.50
FTSE 100 / Nov 29	8,273.90
Germany DAX 30 / Nov 29	19,432.28

Item	Value
Gold 10 Grams PKR / Nov 28	241,602.20
Petrol/Litre / Nov 29	248.38
Crude Oil USD/Barrel / Nov 29	69.08
Karachi Cotton PKR/37.32 KG / Nov 29	17,685
Gold Spot USD/Ounce / Nov 29	2,666.09
Diesel/Litre / Nov 29	255.14

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Nov 29 786 Investments Limited(786)	6.74 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 29 Al-Abbas Sugar Mills Limited(AABS)	619.90 ▼ 0.00 (0.00%)
Agro Allianz / Nov 29 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 29 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 29 Ali Asghar Textile Mills Limited(AATM)	70 ▼ 0.00 (0.00%)
Allied Bank / Nov 29 Allied Bank Limited(ABL)	139.74 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 29 Abbott Laboratories (Pakistan) Limited(ABOT)	1,021.33 ▼ 0.00 (0.00%)
Abson Ind. / Nov 29 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 29 Alfalah Consumer Index ETF.(ACIETF)	12.66 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 29 786 Investments Limited(786)	6.74 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 29 Al-Abbas Sugar Mills Limited(AABS)	619.90 ▲ 0.00 (0.00%)
Agro Allianz / Nov 29 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 29 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 29 Ali Asghar Textile Mills Limited(AATM)	70 ▲ 0.00 (0.00%)
Allied Bank / Nov 29 Allied Bank Limited(ABL)	139.74 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 29 Abbott Laboratories (Pakistan) Limited(ABOT)	1,021.33 ▲ 0.00 (0.00%)
Abson Ind. / Nov 29 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 29 Alfalah Consumer Index ETF.(ACIETF)	12.66 ▲ 0.00 (0.00%)

Stock	Volume
B.O.Punjab / Nov 29 The Bank of Punjab(BOP)	179,225,089 ▲ 0.00
K-Electric Ltd. / Nov 29 K-Electric Limited(KEL)	64,868,271 ▲ 0.00
Bank Makramah / Nov 29 Bank Makramah Limited(BML)	60,297,878 ▲ 0.00
Pace (Pak) Ltd. / Nov 29 Pace (Pakistan) Limited(PACE)	55,350,909 ▲ 0.00
Hascol Petrol / Nov 29 Hascol Petroleum Limited(HASCOL)	42,730,290 ▲ 0.00
Fauji Foods Ltd / Nov 29 Fauji Foods Limited(FFL)	38,903,524 ▲ 0.00
Sui South Gas / Nov 29 Sui Southern Gas Company Limited(SSGC)	36,014,321 ▲ 0.00
Cnergyico PK / Nov 29 Cnergyico PK Limited(CNERGY)	33,477,996 ▲ 0.00
WorldCall Telecom / Nov 29 Worldcall Telecom Limited(WTL)	31,208,624 ▲ 0.00

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