News Archives for Print - 2004-06-01

Print - 2004-06-01

Open End Mutual Funds (Unit Trusts)

The open end mutual funds.

Published 01 Jun, 2004 12:00am

Newbridge to buy control of China's Shenzhen Bank

US equity fund Newbridge Capital is set to become the first foreign investor to win control of a Chinese lender by lining up a deal to buy an 18 percent stake in Shenzhen Bank for $150 million.

Published 01 Jun, 2004 12:00am

Open End Mutual Funds (Unit Trusts)

The open end mutual funds.

Published 01 Jun, 2004 12:00am

Newbridge to buy control of China's Shenzhen Bank

US equity fund Newbridge Capital is set to become the first foreign investor to win control of a Chinese lender by lining up a deal to buy an 18 percent stake in Shenzhen Bank for $150 million.

Published 01 Jun, 2004 12:00am

Open End Mutual Funds (Unit Trusts)

The open end mutual funds.

Published 01 Jun, 2004 12:00am

Iran's buoyant economic growth eases to 6.7 percent

Iran's fast-growing economy cooled slightly in the last fiscal year, with a slowdown in the agricultural sector weighing on a robust showing from the dominant oil industry, a Central Bank official said on Monday.

Published 01 Jun, 2004 12:00am

Foreign Exchange Bearer Certificates

The prevailing rate of Foreign Exchange Bearer Certificates on Monday (May 31, 2004).

Published 01 Jun, 2004 12:00am

IMF to focus on growth in next Turkey talks

The International Monetary Fund will focus on Turkey's growth outlook and what it means for jobs and debt payments in its next review of a $19 billion loan deal, the Fund said on Monday.

Published 01 Jun, 2004 12:00am

Foreign Exchange Bearer Certificates

The prevailing rate of Foreign Exchange Bearer Certificates on Monday (May 31, 2004).

Published 01 Jun, 2004 12:00am

Italy to breach EU deficit limits

Italy is set to breach European Union budget deficit limits this year, the Bank of Italy's chief said on Monday, predicting slow growth and little chance of success for the government's plan to spur demand via tax cuts.

Published 01 Jun, 2004 12:00am

Foreign Exchange Bearer Certificates

The prevailing rate of Foreign Exchange Bearer Certificates on Monday (May 31, 2004).

Published 01 Jun, 2004 12:00am

27 killed in Iraq clashes

About 20 insurgents, two US soldiers and an Iraqi mother were killed in overnight clashes near Kufa as tension flared again between US troops and Shia scholar Moqtada Sadr despite a five-day truce.

Published 01 Jun, 2004 12:00am

EFU Capital Growth Fund Rates

EFU Capital Growth Fund Rates on Monday (May 31, 2004).

Published 01 Jun, 2004 12:00am

27 killed in Iraq clashes

About 20 insurgents, two US soldiers and an Iraqi mother were killed in overnight clashes near Kufa as tension flared again between US troops and Shia scholar Moqtada Sadr despite a five-day truce.

Published 01 Jun, 2004 12:00am

EFU Capital Growth Fund Rates

EFU Capital Growth Fund Rates on Monday (May 31, 2004).

Published 01 Jun, 2004 12:00am

FTO rules CBR circular as void

The Federal Tax Ombudsman, Justice Saleem Akhtar, has decreed that a circular of CBR regarding new conditions for registration under sales tax is void and should be withdrawn. In its place, the conditions should be made part of the rules through correct p

Published 01 Jun, 2004 12:00am

EFU Capital Growth Fund Rates

EFU Capital Growth Fund Rates on Monday (May 31, 2004).

Published 01 Jun, 2004 12:00am

FTO rules CBR circular as void

Published 01 Jun, 2004 12:00am

EFU Pension Growth Fund Rates

EFU Pension Growth Fund Rates on Monday (May 31, 2004).

Published 01 Jun, 2004 12:00am

Bears stage comeback on Islamabad Stocks Exchange

Bears returned on the driving seat at the Islamabad Stock Exchange (ISE) where mixed trend was observed during Monday's trading session amid the decrease in index.

Published 01 Jun, 2004 12:00am

EFU Pension Growth Fund Rates

EFU Pension Growth Fund Rates on Monday (May 31, 2004).

Published 01 Jun, 2004 12:00am

Bears stage comeback on Islamabad Stocks Exchange

Bears returned on the driving seat at the Islamabad Stock Exchange (ISE) where mixed trend was observed during Monday's trading session amid the decrease in index.

Published 01 Jun, 2004 12:00am

EFU Pension Growth Fund Rates

EFU Pension Growth Fund Rates on Monday (May 31, 2004).

Published 01 Jun, 2004 12:00am

Vital changes likely in sales tax regime on ghee

The Federal Government may bring about some vital changes in the collection of sales tax to provide level playing field in the entire ghee industry in the country.

Published 01 Jun, 2004 12:00am

EFU Managed Growth Fund Rates

EFU Managed Growth Fund Rates on Monday (May 31, 2004).

Published 01 Jun, 2004 12:00am

Vital changes likely in sales tax regime on ghee

The Federal Government may bring about some vital changes in the collection of sales tax to provide level playing field in the entire ghee industry in the country.

Published 01 Jun, 2004 12:00am

EFU Managed Growth Fund Rates

EFU Managed Growth Fund Rates on Monday (May 31, 2004).

Published 01 Jun, 2004 12:00am

Vital changes likely in sales tax regime on ghee

The Federal Government may bring about some vital changes in the collection of sales tax to provide level playing field in the entire ghee industry in the country.

Published 01 Jun, 2004 12:00am

EFU Managed Growth Fund Rates

EFU Managed Growth Fund Rates on Monday (May 31, 2004).

Published 01 Jun, 2004 12:00am

Rs 434.7 billion revenue collected in 11 months

The Central Board of Revenue (CBR) has collected Rs 434.7 billion during eleven months of the current fiscal year, against Rs 392 billion of last year, reflecting an increase of Rs 42.7 billion.

Published 01 Jun, 2004 12:00am

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Monday (May 31, 2004).

Published 01 Jun, 2004 12:00am

Rs 434.7 billion revenue collected in 11 months

The Central Board of Revenue (CBR) has collected Rs 434.7 billion during eleven months of the current fiscal year, against Rs 392 billion of last year, reflecting an increase of Rs 42.7 billion.

Published 01 Jun, 2004 12:00am

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Monday (May 31, 2004).

Published 01 Jun, 2004 12:00am

Lahore Stocks Exchange index loses 6.44 points

The local stock market remained sideways mainly on account of lacking support from key players, who stayed at distance following mounting tension in Karachi, after the assassination of a renowned religious scholar on Sunday.

Published 01 Jun, 2004 12:00am

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Monday (May 31, 2004).

Published 01 Jun, 2004 12:00am

Lahore Stocks Exchange index loses 6.44 points

Published 01 Jun, 2004 12:00am

NJLI Mutual Fund Rates

New Jubilee Life Insurance Mutual Fund Rates on Monday (May 31, 2004).

Published 01 Jun, 2004 12:00am

KSE under pressure, shows decline

Tense and volatile city situation kept the shares market under pressure on Monday but the overall performance was not disappointing as the KSE-100 index ended with a loss of only 4.93 points.

Published 01 Jun, 2004 12:00am

NJLI Mutual Fund Rates

New Jubilee Life Insurance Mutual Fund Rates on Monday (May 31, 2004).

Published 01 Jun, 2004 12:00am

KSE under pressure, shows decline

Tense and volatile city situation kept the shares market under pressure on Monday but the overall performance was not disappointing as the KSE-100 index ended with a loss of only 4.93 points.

Published 01 Jun, 2004 12:00am

NJLI Mutual Fund Rates

New Jubilee Life Insurance Mutual Fund Rates on Monday (May 31, 2004).

Published 01 Jun, 2004 12:00am

Oil prices remain unchanged

Prices of petroleum products remained unchanged despite higher prices of oil in the international market.

Published 01 Jun, 2004 12:00am

Pakistan Investment Bond: Secondary Market Yields

PIB secondary market yield rates on Monday (May 31, 2004).

Published 01 Jun, 2004 12:00am

Oil prices remain unchanged

Prices of petroleum products remained unchanged despite higher prices of oil in the international market.

Published 01 Jun, 2004 12:00am

Pakistan Investment Bond: Secondary Market Yields

PIB secondary market yield rates on Monday (May 31, 2004).

Published 01 Jun, 2004 12:00am

Majlis-i-Amal calls for strike on June 4

The Secretary General Muttahida Majlis-i-Amal and opposition leader in National Assembly, Maulana Fazlur Rehman has given a countrywide strike call on Friday in protest against the assassination of renowned scholar Mufti Nizamuddin Shamzai.

Published 01 Jun, 2004 12:00am

Pakistan Investment Bond: Secondary Market Yields

PIB secondary market yield rates on Monday (May 31, 2004).

Published 01 Jun, 2004 12:00am

Majlis-i-Amal calls for strike on June 4

Published 01 Jun, 2004 12:00am

World currencies and euro

Value of the euro in terms of other world currencies as prevailing in the week ended Monday (May 31, 2004).

Published 01 Jun, 2004 12:00am

Faletti's sold to 4B Marketing for Rs 1.211 billion

The Cabinet Committee on Privatisation (CCoP) on Monday approved the bid of Rs 1.211 billion by 4B Marketing for Faletti's Hotel, Lahore.

Published 01 Jun, 2004 12:00am

Treasury-Bills Secondary Market Yields

Treasury bills secondary market yields rate on Monday (May 31, 2004).

Published 01 Jun, 2004 12:00am

Faletti's sold to 4B Marketing for Rs 1.211 billion

The Cabinet Committee on Privatisation (CCoP) on Monday approved the bid of Rs 1.211 billion by 4B Marketing for Faletti's Hotel, Lahore.

Published 01 Jun, 2004 12:00am

Treasury-Bills Secondary Market Yields

Treasury bills secondary market yields rate on Monday (May 31, 2004).

Published 01 Jun, 2004 12:00am

New Indian government in war of words with Pakistan

India's new government entered a war of words with Pakistan on Monday over the protracted Kashmir dispute even as the nuclear-capable neighbours pledged to resolve their differences through dialogue.

Published 01 Jun, 2004 12:00am

Treasury-Bills Secondary Market Yields

Treasury bills secondary market yields rate on Monday (May 31, 2004).

Published 01 Jun, 2004 12:00am

New Indian government in war of words with Pakistan

India's new government entered a war of words with Pakistan on Monday over the protracted Kashmir dispute even as the nuclear-capable neighbours pledged to resolve their differences through dialogue.

Published 01 Jun, 2004 12:00am

Open market rates of foreign currencies

Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Monday (May 31, 2004).

Published 01 Jun, 2004 12:00am

Two killed and four hurt in Turbat rocket attack

Two people were killed and four others from the same family were injured when more than a dozen rockets were fired on Mund, officials said.

Published 01 Jun, 2004 12:00am

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (May 31, 2004).

Published 01 Jun, 2004 12:00am

Two killed and four hurt in Turbat rocket attack

Two people were killed and four others from the same family were injured when more than a dozen rockets were fired on Mund, officials said.

Published 01 Jun, 2004 12:00am

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (May 31, 2004).

Published 01 Jun, 2004 12:00am

PC raises over Rs 60 billion during 18 months; road show of PIA shares held

The Member Privatisation Commission, Pir Saad Ahsanuddin has said that the commission has raised Rs 60.7 billion through initial and secondary public offerings in the last 18 months.

Published 01 Jun, 2004 12:00am

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Monday (May 31, 2004).

Published 01 Jun, 2004 12:00am

PC raises over Rs 60 billion during 18 months; road show of PIA shares held

The Member Privatisation Commission, Pir Saad Ahsanuddin has said that the commission has raised Rs 60.7 billion through initial and secondary public offerings in the last 18 months.

Published 01 Jun, 2004 12:00am

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Monday (May 31, 2004).

Published 01 Jun, 2004 12:00am

PC raises over Rs 60 billion during 18 months; road show of PIA shares held

The Member Privatisation Commission, Pir Saad Ahsanuddin has said that the commission has raised Rs 60.7 billion through initial and secondary public offerings in the last 18 months.

Published 01 Jun, 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 Monday (May 31, 2004).

Published 01 Jun, 2004 12:00am

ATC refuses to extend remand of Harkat activists

Judge Arshad Noor Khan of Anti-Terrorism Court (ATC) Karachi on Monday refused to extend police remand of as many as six activists of banned Harkatul Mujahideen Al Alami, arrested week back in explosive cases, and directed investigation officer to submit

Published 01 Jun, 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 Monday (May 31, 2004).

Published 01 Jun, 2004 12:00am

South Africa wants overhaul of World Bank shareholding

South Africa on Monday called for an overhaul of shareholdings for poorer nations within the World Bank and International Monetary Fund (IMF), saying Africa's voice within the institutions is "abysmal".

Published 01 Jun, 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 Monday (May 31, 2004).

Published 01 Jun, 2004 12:00am

Egypt creates protected tourism zone on Red Sea coast

Egypt on Monday created an ecologically protected tourism zone at Marsa Alam, on the western shores of the Red Sea, the Egyptian news agency MENA reported.

Published 01 Jun, 2004 12:00am

Interest rates on old and incremental FCY deposits

Interest rates on old and incremental FCY deposits on Monday (May 31, 2004).

Published 01 Jun, 2004 12:00am

Musharraf phones Vajpayee

President Pervez Musharraf on Monday called former Indian Prime Minister Atal Behari Vajpayee to discuss progress in peace efforts as a war of words erupted with India's new government.

Published 01 Jun, 2004 12:00am

LIBOR calculating interest on US dollar

London Interbank Offer Rates on for calculating interest on special US dollar on Monday (May 31, 2004).

Published 01 Jun, 2004 12:00am

Musharraf phones Vajpayee

President Pervez Musharraf on Monday called former Indian Prime Minister Atal Behari Vajpayee to discuss progress in peace efforts as a war of words erupted with India's new government.

Published 01 Jun, 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 Monday (May 31, 2004).

Published 01 Jun, 2004 12:00am

President and Prime Minister review law, order situation

President General Pervez Musharraf and Prime Minister Mir Zafarullah Khan Jamali met here on Monday and reviewed the prevailing law and order situation in the country.

Published 01 Jun, 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 Monday (May 31, 2004).

Published 01 Jun, 2004 12:00am

President and Prime Minister review law, order situation

President General Pervez Musharraf and Prime Minister Mir Zafarullah Khan Jamali met here on Monday and reviewed the prevailing law and order situation in the country.

Published 01 Jun, 2004 12:00am

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Monday (May 31, 2004).

Published 01 Jun, 2004 12:00am

Rs 202 billion PSDP for 2004-05 likely

The government is likely to approve Rs 202 billion Public Sector Development Programme (PSDP) for 2004-05. The figure has been presented to Prime Minister Mir Zafarullah Jamali in a meeting on Monday, sources told Business Recorder.

Published 01 Jun, 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 01 Jun, 2004 12:00am

Rs 202 billion PSDP for 2004-05 likely

Published 01 Jun, 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 01 Jun, 2004 12:00am

Bomb kills 18 in Karachi Imambargah

A powerful bomb blast during maghrib prayers in Imam Ali Reza Imambargah at M. A. Jinnah Road here on Monday killed at least 18 and injured more than 35 namazis, police and hospital sources said.

Published 01 Jun, 2004 12:00am

Karachi interbank rates

Karachi interbank rates on Monday (May 31, 2004).

Published 01 Jun, 2004 12:00am

Bomb kills 18 in Karachi Imambargah

A powerful bomb blast during maghrib prayers in Imam Ali Reza Imambargah at M. A. Jinnah Road here on Monday killed at least 18 and injured more than 35 namazis, police and hospital sources said.

Published 01 Jun, 2004 12:00am

Pakistan Economic Indicators

Pakistan economic indicators on May 31.

Published 01 Jun, 2004 12:00am

Danish grain prices fall

Prices for Danish grains fell this week as the season came to an end, with both old and new crop prices sliding to seasonal lows, traders said on Friday.

Published 01 Jun, 2004 12:00am

Most Dalian soya contracts trade limit-up

Dalian soyabean contracts, which fell steeply late last week, climbed their three percent limit early on Monday after Chinese crushers set a floor price on their key product, soyameal.

Published 01 Jun, 2004 12:00am

Indonesia to issue steel import duties ruling

Indonesia said on Friday it expects to slap new import duties on steel products in the second week of June after temporarily scrapping them earlier following sharp increases in domestic steel prices.

Published 01 Jun, 2004 12:00am

Kazakh Ispat sees six million tonnes steel output by 2007

Kazakhstan's only steel-maker Ispat Karmet said it aimed to boost its output by more than 20 percent in the next three years and is hoping for China to lift anti-dumping duties imposed this year.

Published 01 Jun, 2004 12:00am

South Korea buys nickel cathode

South Korea's state-run Public Procurement Service (PPS) has bought 100 tonnes of nickel cathode from Stratton Metals Ltd of Gibraltar via a tender closed last Friday, a PPS official said on Monday.

Published 01 Jun, 2004 12:00am

Argentine corn sales down

Argentine export commitments of 2003/04 corn totalled 5.15 million tonnes by May 28, up from 4.67 million tonnes the week before, the Agriculture Department said on Monday.

Published 01 Jun, 2004 12:00am

Russian weekly grain market report

Russian grain prices kept declining in the week to May 28, pressed by continued intervention sales.

Published 01 Jun, 2004 12:00am

China halts 2.37 million tonnes aluminium capacity expansion

China's measures to curb over-investment in key industrial sectors have stopped or delayed construction of 2.37 million tonnes of planned aluminium capacity since mid 2003, but a further three million tonnes has gone ahead, an industry official said on Fr

Published 01 Jun, 2004 12:00am

Thai sugar premiums steady, new crop seen lower

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 20	278.70
USD PKR Interbank Buying / Jan 20	278.50
USD to Japanese Yen / Jan 20	154.99
USD to Swiss Franc / Jan 20	0.91
Pound Sterling to USD / Jan 20	1.23
Euro to USD / Jan 20	1.04

Stock	Volume
S&P 500 / Jan 17	5,996.66
Nasdaq / Jan 17	19,630.20
Dow Jones / Jan 17	43,487.83
India Sensex / Jan 20	77,073.44
Tokyo Nikkei / Jan 20	38,951.77
Hang Seng / Jan 20	20,075.11
FTSE 100 / Jan 20	8,520.54
Germany DAX 30 / Jan 20	20,990.31

Item	Value
Crude Oil USD/Barrel / Jan 20	76.74
Karachi Cotton PKR/37.32 KG / Jan 20	18,785
Gold 10 Grams PKR / Jan 20	242,541
Gold Spot USD/Ounce / Jan 20	2,724.84
Cotton US¢/pound / Jan 20	67.80
Petrol/Litre / Jan 21	256.13

Gainers
Losers
Leaders

Stock	Price
Bank Makramah / Jan 20 Bank Makramah Limited(BML)	3.61 ▲ 0.91 (33.70%)
Burj Clean Energy Modaraba / Jan 20 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	8.60 ▲ 1.00 (13.16%)
Apna Microfin. / Jan 20 Apna Microfinance Bank Limited(AMBL)	10.50 ▲ 0.97 (10.18%)
I.C.C. Ind. / Jan 20 ICC Industries Limited(ICCI)	11.61 ▲ 1.06 (10.05%)
Loads Limited / Jan 20 Loads Limited(LOADS)	17 ▲ 1.55 (10.03%)
AKD Securities / Jan 20 AKD Securities Limited(AKDSL)	24.93 ▲ 2.27 (10.02%)
Ghani Chem. Ind. / Jan 20 Ghani Chemical Industries Limited(GCIL)	18.24 ▲ 1.66 (10.01%)
Attock Cement / Jan 20 Attock Cement Pakistan Limited(ACPL)	254.47 ▲ 23.13 (10.00%)
Baba Farid Sugar / Jan 20 Baba Farid Sugar Mills Limited(BAFS)	53.44 ▲ 4.86 (10.00%)

Stock	Price
Hussain Industries / Jan 20 Husein Industries Limited(HUSI)	31.09 ▼ -3.45 (-9.99%)
Faisal Sp. / Jan 20 Faisal Spinning Mills Limited(FASM)	334.01 ▼ -35.89 (-9.70%)
Parmount Sp. / Jan 20 Paramount Spinning Mills Limited(PASM)	4.61 ▼ -0.44 (-8.71%)
Sindh Abadgar / Jan 20 Sindh Abadgar's Sugar Mills Limited(SASML)	38.04 ▼ -3.46 (-8.34%)
MithchellsFruit / Jan 20 Mitchells Fruit Farms Limited(MFFL)	279 ▼ -24.10 (-7.95%)
LSE Financial Serv. / Jan 20 LSE Financial Services Limited(LSEFSL)	19.26 ▼ -1.62 (-7.76%)
AN Textile Mill / Jan 20 AN Textile Mills Limited(ANTM)	11.80 ▼ -0.99 (-7.74%)
Service Textile / Jan 20 Service Industries Textiles Limited(SERT)	13.82 ▼ -1.16 (-7.74%)
Masood Textile / Jan 20 Masood Textile Mills Limited(MSOT)	52.02 ▼ -4.22 (-7.50%)

Stock	Volume
WorldCall Telecom / Jan 20 Worldcall Telecom Limited(WTL)	101,934,297 ▼ -0.01
Lotte Chemical / Jan 20 Lotte Chemical Pakistan Limited(LOTCHEM)	59,408,954 ▲ 1.94
Bank Makramah / Jan 20 Bank Makramah Limited(BML)	57,604,421 ▲ 0.91
Hub Power Co. / Jan 20 The Hub Power Company Limited(HUBC)	36,888,747 ▲ 0.70
Hascol Petrol / Jan 20 Hascol Petroleum Limited(HASCOL)	32,496,536 ▲ 0.17
Dewan Motors / Jan 20 Dewan Farooque Motors Limited(DFML)	28,438,701 ▲ 1.02
Citi Pharma Ltd / Jan 20 Citi Pharma Ltd.(CPHL)	24,244,731 ▲ 7.71
Maple Leaf Cement / Jan 20 Maple Leaf Cement Factory Limited(MLCF)	19,741,577 ▲ 2.08
The Searle Co. / Jan 20 The Searle Company Limited(SEARL)	17,062,686 ▲ 4.29

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