News Archives for Print - 2004-05-20

EFU Capital Growth Fund Rates

EFU Capital Growth Fund Rates on Wednesday (May 19, 2004).

Published 20 May, 2004 12:00am

Bank Alfalah IPO may be oversubscribed

The initial public offering of Bank Alfalah is expected to be oversubscribed by over 8 times against its offer of Rs 1.2 billion.

Published 20 May, 2004 12:00am

EFU Capital Growth Fund Rates

EFU Capital Growth Fund Rates on Wednesday (May 19, 2004).

Published 20 May, 2004 12:00am

Wapda to be asked to mention full-year GST in June bills

Endorsing a major demand of All Pakistan Traders Alliance (APTA), the Central Board of Revenue (CBR) has decided to approach Water and Power Development Authority (Wapda) for giving monthly details of GST for the full fiscal in the electricity bills of Ju

Published 20 May, 2004 12:00am

EFU Pension Growth Fund Rates

EFU Pension Growth Fund Rates on Wednesday (May 19, 2004).

Published 20 May, 2004 12:00am

Wapda to be asked to mention full-year GST in June bills

Endorsing a major demand of All Pakistan Traders Alliance (APTA), the Central Board of Revenue (CBR) has decided to approach Water and Power Development Authority (Wapda) for giving monthly details of GST for the full fiscal in the electricity bills of Ju

Published 20 May, 2004 12:00am

EFU Pension Growth Fund Rates

EFU Pension Growth Fund Rates on Wednesday (May 19, 2004).

Published 20 May, 2004 12:00am

Austrian company keen to revamp Pakistan Steel

Austria has expressed its willingness for revamping, upgrading and automation of different units of Pakistan Steel Mills.

Published 20 May, 2004 12:00am

EFU Pension Growth Fund Rates

EFU Pension Growth Fund Rates on Wednesday (May 19, 2004).

Published 20 May, 2004 12:00am

Austrian company keen to revamp Pakistan Steel

Austria has expressed its willingness for revamping, upgrading and automation of different units of Pakistan Steel Mills.

Published 20 May, 2004 12:00am

EFU Managed Growth Fund Rates

EFU Managed Growth Fund Rates on Wednesday (May 19, 2004).

Published 20 May, 2004 12:00am

Fata mineral director gunned down

Some unknown persons on Tuesday night gunned down Director Mineral Fata, Salim Mohmand at Shah Alam area near Daudzai on the outskirts of Peshawar.

Published 20 May, 2004 12:00am

EFU Managed Growth Fund Rates

EFU Managed Growth Fund Rates on Wednesday (May 19, 2004).

Published 20 May, 2004 12:00am

Fata mineral director gunned down

Some unknown persons on Tuesday night gunned down Director Mineral Fata, Salim Mohmand at Shah Alam area near Daudzai on the outskirts of Peshawar.

Published 20 May, 2004 12:00am

EFU Managed Growth Fund Rates

EFU Managed Growth Fund Rates on Wednesday (May 19, 2004).

Published 20 May, 2004 12:00am

Duty, taxes exemption on wheel-chair, hearing aid under study

The Central Board of Revenue (CBR) is considering, in the coming budget, to exempt import of wheel chairs, hearing aids and artificial parts for disabled persons, from custom duty, sales tax and withholding tax.

Published 20 May, 2004 12:00am

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Wednesday (May 19, 2004).

Published 20 May, 2004 12:00am

Duty, taxes exemption on wheel-chair, hearing aid under study

The Central Board of Revenue (CBR) is considering, in the coming budget, to exempt import of wheel chairs, hearing aids and artificial parts for disabled persons, from custom duty, sales tax and withholding tax.

Published 20 May, 2004 12:00am

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Wednesday (May 19, 2004).

Published 20 May, 2004 12:00am

National kitty facing loss due to paper import under-invoicing

The national exchequer is facing loss of millions of rupees on account of misdeclaration of weight of imported paper and board consignments and under-invoicing in connivance with the customs officials as well as clearing agents.

Published 20 May, 2004 12:00am

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Wednesday (May 19, 2004).

Published 20 May, 2004 12:00am

National kitty facing loss due to paper import under-invoicing

The national exchequer is facing loss of millions of rupees on account of misdeclaration of weight of imported paper and board consignments and under-invoicing in connivance with the customs officials as well as clearing agents.

Published 20 May, 2004 12:00am

NJLI Mutual Fund Rates

New Jubilee Life Insurance Mutual Fund Rates on Wednesday (May 19, 2004).

Published 20 May, 2004 12:00am

ISPS code: Karachi and Qasim ports bifurcated into smaller port facility units

The Karachi Port and Port Qasim have been bifurcated into smaller port facility units for the purpose of implementation of an integrated security plan for the safety of ships and ports under the International Ships and Ports Security (ISPS) code due to co

Published 20 May, 2004 12:00am

NJLI Mutual Fund Rates

New Jubilee Life Insurance Mutual Fund Rates on Wednesday (May 19, 2004).

Published 20 May, 2004 12:00am

ISPS code: Karachi and Qasim ports bifurcated into smaller port facility units

The Karachi Port and Port Qasim have been bifurcated into smaller port facility units for the purpose of implementation of an integrated security plan for the safety of ships and ports under the International Ships and Ports Security (ISPS) code due to co

Published 20 May, 2004 12:00am

NJLI Mutual Fund Rates

New Jubilee Life Insurance Mutual Fund Rates on Wednesday (May 19, 2004).

Published 20 May, 2004 12:00am

Hubco generator to be operational from August

Hub Power Company (Hubco) said that the generator which failed last month would be again operational during second half of August.

Published 20 May, 2004 12:00am

Pakistan Investment Bond: Secondary Market Yields

PIB secondary market yield rates on Wednesday (May 19, 2004).

Published 20 May, 2004 12:00am

Hubco generator to be operational from August

Hub Power Company (Hubco) said that the generator which failed last month would be again operational during second half of August.

Published 20 May, 2004 12:00am

Pakistan Investment Bond: Secondary Market Yields

PIB secondary market yield rates on Wednesday (May 19, 2004).

Published 20 May, 2004 12:00am

Hubco generator to be operational from August

Hub Power Company (Hubco) said that the generator which failed last month would be again operational during second half of August.

Published 20 May, 2004 12:00am

Pakistan Investment Bond: Secondary Market Yields

PIB secondary market yield rates on Wednesday (May 19, 2004).

Published 20 May, 2004 12:00am

Accountability Court convicts three PNSC officials

The Accountability Court on Wednesday convicted three accused officers and office-bearers of Pakistan National Shipping Corporation (PNSC) for seven years rigorous imprisonment each in the case of contributory provident fund of corporation employees.

Published 20 May, 2004 12:00am

Treasury-Bills Secondary Market Yields

Treasury bills secondary market yields rate on Wednesday (May 19, 2004).

Published 20 May, 2004 12:00am

Southern Networks IPO under-subscribed

The Southern Networks Limited initial public offering was under-subscribed by nearly 13 percent, according to a notice issued to the Karachi Stock Exchange (KSE) on Wednesday.

Published 20 May, 2004 12:00am

Treasury-Bills Secondary Market Yields

Treasury bills secondary market yields rate on Wednesday (May 19, 2004).

Published 20 May, 2004 12:00am

JCR-VIS assigns BBB-, A-3 ratings to Associated Constructors

The JCR-VIS Credit Rating Company Limited (JCR-VIS) has assigned initial medium to long-term and short-term entity ratings of 'BBB-' (Triple B Minus) and 'A-3' (A Three) respectively to Associated Constructors Ltd (ACL).

Published 20 May, 2004 12:00am

Treasury-Bills Secondary Market Yields

Treasury bills secondary market yields rate on Wednesday (May 19, 2004).

Published 20 May, 2004 12:00am

JCR-VIS assigns BBB-, A-3 ratings to Associated Constructors

The JCR-VIS Credit Rating Company Limited (JCR-VIS) has assigned initial medium to long-term and short-term entity ratings of 'BBB-' (Triple B Minus) and 'A-3' (A Three) respectively to Associated Constructors Ltd (ACL).

Published 20 May, 2004 12:00am

US treasuries bid yields

US treasuries bid yields on Wednesday (May 19, 2004).

Published 20 May, 2004 12:00am

PIA's switching over to QAS causes unrest in travel trade

The switch over by Pakistan International Airlines (PIA) to Quasar Accounting System (QAS) from May 1 has caused "concern and unrest" in the travel trade in the country.

Published 20 May, 2004 12:00am

US treasuries bid yields

US treasuries bid yields on Wednesday (May 19, 2004).

Published 20 May, 2004 12:00am

PIA's switching over to QAS causes unrest in travel trade

The switch over by Pakistan International Airlines (PIA) to Quasar Accounting System (QAS) from May 1 has caused "concern and unrest" in the travel trade in the country.

Published 20 May, 2004 12:00am

US treasuries bid yields

US treasuries bid yields on Wednesday (May 19, 2004).

Published 20 May, 2004 12:00am

LCCI to hold exhibition at Dushanbe

The Lahore Chamber of Commerce and Industry (LCCI) will be arranging a three-day exhibition in Dushanbe (Tajikistan) in the third week of June, 2004.

Published 20 May, 2004 12:00am

US treasuries bid prices

US treasuries bid prices on Wednesday (May 19, 2004).

Published 20 May, 2004 12:00am

ZTBL disbursed over Rs 7,994 million in four months to small farmers

The Zarai Taraqiati Bank Limited (ZTBL) on Wednesday said that it was catering to the credit needs of agriculture sector in an efficient and prudent manner, and during January-April 2004, the bank disbursed credit amounting to Rs 7994.402 million, of whic

Published 20 May, 2004 12:00am

US treasuries bid prices

US treasuries bid prices on Wednesday (May 19, 2004).

Published 20 May, 2004 12:00am

Budget must focus on products' cost-effectiveness: KCCI

Siraj Kassam Teli, President of Karachi Chamber of Commerce and Industry (KCCI), has emphasised that in the context of globalisation and the emergence of WTO regime, it is imperative that the next budget must contribute to the cost-effectiveness of produc

Published 20 May, 2004 12:00am

US treasuries bid prices

US treasuries bid prices on Wednesday (May 19, 2004).

Published 20 May, 2004 12:00am

US 'very concerned' about Palestinian deaths

The White House called on Israel on Wednesday to exercise "maximum restraint" in Gaza and said it was very concerned about the number of Palestinian deaths after Israeli forces opened fire on a protest march.

Published 20 May, 2004 12:00am

Open market rates of foreign currencies

Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Wednesday (May 19, 2004).

Published 20 May, 2004 12:00am

EU raps Greece and Netherlands over budgets

Greece came under severe fire from the European Commission on Wednesday for letting its budget deficit rise above European Union limits and for imprudent fiscal policies.

Published 20 May, 2004 12:00am

London Interbank Offered Rates

London Interbank Offered Rates (LIBOR) on Wednesday (May 19, 2004).

Published 20 May, 2004 12:00am

Japan urges compromise in Lankan peace talks

Japan Wednesday urged Sri Lanka's warring parties to compromise in peace talks to be revived by this summer as international donors were set to review financial support to rebuild the island.

Published 20 May, 2004 12:00am

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (May 19, 2004).

Published 20 May, 2004 12:00am

Sony in exclusive talks to buy MGM

Sony Corp said on Wednesday it was in exclusive negotiations with movie studio Metro-Goldwyn-Mayer Inc on a possible take-over that could bolster its film library but put a dent in its finances.

Published 20 May, 2004 12:00am

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (May 19, 2004).

Published 20 May, 2004 12:00am

Sony in exclusive talks to buy MGM

Sony Corp said on Wednesday it was in exclusive negotiations with movie studio Metro-Goldwyn-Mayer Inc on a possible take-over that could bolster its film library but put a dent in its finances.

Published 20 May, 2004 12:00am

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Wednesday (May 19, 2004).

Published 20 May, 2004 12:00am

Wolfensohn rejects World Bank corruption charges

The World Bank's president on Tuesday dismissed as "frivolous" allegations by US lawmakers and academics that billions of dollars of bank funding were misused.

Published 20 May, 2004 12:00am

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Wednesday (May 19, 2004).

Published 20 May, 2004 12:00am

Eurozone trade surplus almost doubles in March

The eurozone's trade surplus almost doubled in March from February, the European Union statistics office said on Wednesday, the latest sign the bloc's exporters are fully benefiting from the global recovery.

Published 20 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 Wednesday (May 19, 2004).

Published 20 May, 2004 12:00am

Rabi-us-Sani moon to be sighted on May 20

The Rabi-us-Sani moon should be sighted today, Thursday. Rabi-us-Sani One, 1425 AH, will, therefore, fall on Friday, according to the Astronomical parameters.

Published 20 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 Wednesday (May 19, 2004).

Published 20 May, 2004 12:00am

Rabi-us-Sani moon to be sighted on May 20

The Rabi-us-Sani moon should be sighted today, Thursday. Rabi-us-Sani One, 1425 AH, will, therefore, fall on Friday, according to the Astronomical parameters.

Published 20 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 Wednesday (May 19, 2004).

Published 20 May, 2004 12:00am

Sony PlayStation shipments top 100 million units

Sony Computer Entertainment said Wednesday that global shipments of its PlayStation and PSOne consoles have exceeded 100 million units, a record high for household computer games. The landmark was reached on Tuesday.

Published 20 May, 2004 12:00am

Interest rates on old and incremental FCY deposits

Interest rates on old and incremental FCY deposits on Wednesday (May 19, 2004).

Published 20 May, 2004 12:00am

Boeing to 'raise level of rhetoric' on Airbus subsidies

Boeing chief executive Harry Stonecipher pledged Wednesday to step up criticism about government support for the aerospace giant's European rival, Airbus.

Published 20 May, 2004 12:00am

LIBOR calculating interest on US dollar

London Interbank Offer Rates on for calculating interest on special US dollar on Wednesday (May 19, 2004).

Published 20 May, 2004 12:00am

Seven EoIs received for Kapco

The Privatisation Commission has received seven expressions of interest (EoIs) for Kot Addu Power Company (Kapco). The government has decided to list the shares of (Kapco) at Karachi, Lahore and Islamabad stock exchanges and to offer 10 percent shares to

Published 20 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 Wednesday (May 19, 2004).

Published 20 May, 2004 12:00am

Seven EoIs received for Kapco

The Privatisation Commission has received seven expressions of interest (EoIs) for Kot Addu Power Company (Kapco). The government has decided to list the shares of (Kapco) at Karachi, Lahore and Islamabad stock exchanges and to offer 10 percent shares to

Published 20 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 Wednesday (May 19, 2004).

Published 20 May, 2004 12:00am

Seven EoIs received for Kapco

The Privatisation Commission has received seven expressions of interest (EoIs) for Kot Addu Power Company (Kapco). The government has decided to list the shares of (Kapco) at Karachi, Lahore and Islamabad stock exchanges and to offer 10 percent shares to

Published 20 May, 2004 12:00am

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Wednesday (May 19, 2004).

Published 20 May, 2004 12:00am

Bull dominate ISE proceedings

Bulls dominated the proceedings on the Islamabad Stock Exchange (ISE) where equities recovered under the lead of heavyweights amid increase in index.

Published 20 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 20 May, 2004 12:00am

Bull dominate ISE proceedings

Bulls dominated the proceedings on the Islamabad Stock Exchange (ISE) where equities recovered under the lead of heavyweights amid increase in index.

Published 20 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 20 May, 2004 12:00am

Equities surge on Lahore Stock Exchange

Boosted by strong buying interest, notably in fuel & energy and cement sectors, equities surged with the index scoring 59.13 points on the Lahore stock Exchange (LSE).

Published 20 May, 2004 12:00am

Karachi interbank rates

Karachi interbank rates on Wednesday (May 19, 2004).

Published 20 May, 2004 12:00am

Equities surge on Lahore Stock Exchange

Boosted by strong buying interest, notably in fuel & energy and cement sectors, equities surged with the index scoring 59.13 points on the Lahore stock Exchange (LSE).

Published 20 May, 2004 12:00am

Kenyan tea prices fall

Prices for top quality Kenyan teas dipped at this week's auction due to weakened interest from Pakistan and poorer quality on the back of heavy seasonal rain, traders said on Wednesday.

Published 20 May, 2004 12:00am

KSE index gains 50.53 points

Active support from financial institutions and leading brokerage houses arrested the declining trend at the share market on Wednesday where volume soared, indicating that attractive share prices promoted buying.

Published 20 May, 2004 12:00am

China Shipping cuts IPO size again

China Shipping Container Lines (CSCL) has cut the size of its initial public offering again by more than 20 percent to US $1-1.2 billion after fund managers pushed for lower pricing, market sources said on Wednesday.

Published 20 May, 2004 12:00am

KSE index gains 50.53 points

Active support from financial institutions and leading brokerage houses arrested the declining trend at the share market on Wednesday where volume soared, indicating that attractive share prices promoted buying.

Published 20 May, 2004 12:00am

China Shipping cuts IPO size again

China Shipping Container Lines (CSCL) has cut the size of its initial public offering again by more than 20 percent to US $1-1.2 billion after fund managers pushed for lower pricing, market sources said on Wednesday.

Published 20 May, 2004 12:00am

57.536 million PIA shares to be put on sale for public

The Privatisation Commission (PC) has decided to sell 57.536 million shares of Pakistan International Airlines through the stock market by the end of this month to help deepen the capital market base and to pass on the benefit of assets sale to retail inv

Published 20 May, 2004 12:00am

Activity at Karachi and Qasim ports

The Karachi Port handled 87,858 tonnes of cargo including 68,526 tonnes import and 19,332 tonnes export cargo during last 24 hours ending at 0700 hours on Wednesday.

Published 20 May, 2004 12:00am

57.536 million PIA shares to be put on sale for public

The Privatisation Commission (PC) has decided to sell 57.536 million shares of Pakistan International Airlines through the stock market by the end of this month to help deepen the capital market base and to pass on the benefit of assets sale to retail inv

Published 20 May, 2004 12:00am

Currency	Rate
USD PKR Interbank Selling / Nov 13	277.93
USD PKR Interbank Buying / Nov 13	277.83
USD to Japanese Yen / Nov 13	154.85
USD to Swiss Franc / Nov 13	0.88
Pound Sterling to USD / Nov 13	1.27
Euro to USD / Nov 13	1.06

Stock	Volume
S&P 500 / Nov 12	5,983.99
Nasdaq / Nov 12	19,281.40
FTSE 100 / Nov 12	8,025.77
Dow Jones / Nov 12	43,910.98
Germany DAX 30 / Nov 12	19,033.64
France CAC40 / Nov 12	7,226.98
India Sensex / Nov 13	78,360.01
Tokyo Nikkei / Nov 13	38,794.83

Item	Value
Gold 10 Grams PKR / Nov 12	231,911
Petrol/Litre / Nov 13	248.38
Crude Oil USD/Barrel / Nov 13	68.33
Karachi Cotton PKR/37.32 KG / Nov 13	18,085
Gold Spot USD/Ounce / Nov 13	2,606.22
Diesel/Litre / Nov 13	255.14

Stock	Price
786 Invest Ltd / Nov 13 786 Investments Limited(786)	6.55 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 13 Al-Abbas Sugar Mills Limited(AABS)	600 ▼ 0.00 (0.00%)
Agro Allianz / Nov 13 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 13 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 13 Ali Asghar Textile Mills Limited(AATM)	64.90 ▼ 0.00 (0.00%)
Allied Bank / Nov 13 Allied Bank Limited(ABL)	114.51 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 13 Abbott Laboratories (Pakistan) Limited(ABOT)	996.67 ▼ 0.00 (0.00%)
Abson Ind. / Nov 13 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 13 Alfalah Consumer Index ETF.(ACIETF)	12.25 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 13 786 Investments Limited(786)	6.55 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 13 Al-Abbas Sugar Mills Limited(AABS)	600 ▲ 0.00 (0.00%)
Agro Allianz / Nov 13 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 13 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 13 Ali Asghar Textile Mills Limited(AATM)	64.90 ▲ 0.00 (0.00%)
Allied Bank / Nov 13 Allied Bank Limited(ABL)	114.51 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 13 Abbott Laboratories (Pakistan) Limited(ABOT)	996.67 ▲ 0.00 (0.00%)
Abson Ind. / Nov 13 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 13 Alfalah Consumer Index ETF.(ACIETF)	12.25 ▲ 0.00 (0.00%)

Stock	Volume
Pak Int.Bulk / Nov 13 Pakistan International Bulk Terminal(PIBTL)	79,861,776 ▲ 0.00
K-Electric Ltd. / Nov 13 K-Electric Limited(KEL)	71,760,455 ▲ 0.00
Pak Refinery / Nov 13 Pakistan Refinery Limited(PRL)	56,364,168 ▲ 0.00
Sui South Gas / Nov 13 Sui Southern Gas Company Limited(SSGC)	45,537,793 ▲ 0.00
Cnergyico PK / Nov 13 Cnergyico PK Limited(CNERGY)	40,139,141 ▲ 0.00
Pak Elektron / Nov 13 Pak Elektron Limited(PAEL)	37,703,615 ▲ 0.00
WorldCall Telecom / Nov 13 Worldcall Telecom Limited(WTL)	28,322,891 ▲ 0.00
B.O.Punjab / Nov 13 The Bank of Punjab(BOP)	18,433,912 ▲ 0.00
The Searle Co. / Nov 13 The Searle Company Limited(SEARL)	17,718,419 ▲ 0.00

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