News Archives for Print - 2004-06-09

Treasury-Bills Secondary Market Yields

Treasury bills secondary market yields rate on Tuesday (June 08, 2004).

Published 09 Jun, 2004 12:00am

PDIL awarded Gurguri gas plant contract

The contract signing ceremony for the engineering, procurement, construction and commissioning project of the Gurguri gas plant was held in the office of Presson Descon International Ltd (PDIL).

Published 09 Jun, 2004 12:00am

US treasuries bid yields

US treasuries bid yields on Tuesday (June 08, 2004).

Published 09 Jun, 2004 12:00am

23 Taleban killed in Afghanistan

US and Afghan forces backed by air strikes killed 23 militants in southern Afghanistan on Tuesday as part of a campaign aimed at ensuring security for September elections, Afghan officials said.

Published 09 Jun, 2004 12:00am

US treasuries bid yields

US treasuries bid yields on Tuesday (June 08, 2004).

Published 09 Jun, 2004 12:00am

23 Taleban killed in Afghanistan

US and Afghan forces backed by air strikes killed 23 militants in southern Afghanistan on Tuesday as part of a campaign aimed at ensuring security for September elections, Afghan officials said.

Published 09 Jun, 2004 12:00am

US treasuries bid yields

US treasuries bid yields on Tuesday (June 08, 2004).

Published 09 Jun, 2004 12:00am

Musharraf visits National Defence College

President General Pervez Musharraf visited the National Defence College (NDC) on Tuesday, where he attended a presentation of the Course Paper delivered by the participants of National Defence Course.

Published 09 Jun, 2004 12:00am

US treasuries bid prices

US treasuries bid prices on Tuesday (June 08, 2004).

Published 09 Jun, 2004 12:00am

Musharraf visits National Defence College

President General Pervez Musharraf visited the National Defence College (NDC) on Tuesday, where he attended a presentation of the Course Paper delivered by the participants of National Defence Course.

Published 09 Jun, 2004 12:00am

US treasuries bid prices

US treasuries bid prices on Tuesday (June 08, 2004).

Published 09 Jun, 2004 12:00am

Banks and DFIs asked to redress customers complaints

The State Bank of Pakistan (SBP) has asked the banks and development financial institutions (DFIs) to immediately identify and entrust responsibility to an appropriate senior person to deal with all sorts of complaints, either received directly by them or

Published 09 Jun, 2004 12:00am

US treasuries bid prices

US treasuries bid prices on Tuesday (June 08, 2004).

Published 09 Jun, 2004 12:00am

Banks and DFIs asked to redress customers complaints

The State Bank of Pakistan (SBP) has asked the banks and development financial institutions (DFIs) to immediately identify and entrust responsibility to an appropriate senior person to deal with all sorts of complaints, either received directly by them or

Published 09 Jun, 2004 12:00am

Open market rates of foreign currencies

Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Tuesday (June 08, 2004).

Published 09 Jun, 2004 12:00am

CCTV to be used to monitor customs officials' working

The Central Board of Revenue (CBR) is planning to monitor the activities of customs officials working at airports and ports using close circuit television network linked with the offices of Chairman CBR, Member Customs and Directorate General Intelligence

Published 09 Jun, 2004 12:00am

London Interbank Offered Rates

London Interbank Offered Rates (LIBOR) on Tuesday (June 08, 2004).

Published 09 Jun, 2004 12:00am

CCTV to be used to monitor customs officials' working

The Central Board of Revenue (CBR) is planning to monitor the activities of customs officials working at airports and ports using close circuit television network linked with the offices of Chairman CBR, Member Customs and Directorate General Intelligence

Published 09 Jun, 2004 12:00am

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (June 08, 2004).

Published 09 Jun, 2004 12:00am

Mills not yet paid quality premium to cane growers

In spite of procurement of 0.3 million tons sugar by the government, the mill owners have not fulfilled their promise to make payment on account of quality premium to the growers.

Published 09 Jun, 2004 12:00am

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (June 08, 2004).

Published 09 Jun, 2004 12:00am

Mills not yet paid quality premium to cane growers

In spite of procurement of 0.3 million tons sugar by the government, the mill owners have not fulfilled their promise to make payment on account of quality premium to the growers.

Published 09 Jun, 2004 12:00am

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Tuesday (June 08, 2004).

Published 09 Jun, 2004 12:00am

Venus transit of Sun delights world stargazers

Venus made a rare transit across the face of the Sun on Tuesday, giving stargazers from Australia to the Middle East and Africa a celestial view that no living person had seen before.

Published 09 Jun, 2004 12:00am

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Tuesday (June 08, 2004).

Published 09 Jun, 2004 12:00am

Venus transit of Sun delights world stargazers

Venus made a rare transit across the face of the Sun on Tuesday, giving stargazers from Australia to the Middle East and Africa a celestial view that no living person had seen before.

Published 09 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 Tuesday (June 08, 2004).

Published 09 Jun, 2004 12:00am

KESC sell-off government's top priority transaction: Hafeez

The privatisation of Karachi Electric Supply Corporation (KESC) is the top priority transaction for the government and full support is being extended to all the potential bidders with a level playing field through most transparent process.

Published 09 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 Tuesday (June 08, 2004).

Published 09 Jun, 2004 12:00am

PSMA seeks sales tax exemption on sugar export

The Pakistan Sugar Mills Association (PSMA), Sindh zone, has proposed that the export of surplus sugar be allowed and sugar, being a food item, be exempted from sales tax as all other commodities are also not subjected to the sales tax levy.

Published 09 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 Tuesday (June 08, 2004).

Published 09 Jun, 2004 12:00am

PSMA seeks sales tax exemption on sugar export

The Pakistan Sugar Mills Association (PSMA), Sindh zone, has proposed that the export of surplus sugar be allowed and sugar, being a food item, be exempted from sales tax as all other commodities are also not subjected to the sales tax levy.

Published 09 Jun, 2004 12:00am

Interest rates on old and incremental FCY deposits

Interest rates on old and incremental FCY deposits on Tuesday (June 08, 2004).

Published 09 Jun, 2004 12:00am

Indian IT has gained from outsourcing backlash: firm

The outcry in the West over outsourcing IT jobs to India has given the industry free publicity and brought a wave of inquiries from foreign clients, one of the country's biggest outsourcing firms said.

Published 09 Jun, 2004 12:00am

LIBOR calculating interest on US dollar

London Interbank Offer Rates on for calculating interest on special US dollar on Tuesday (June 08, 2004).

Published 09 Jun, 2004 12:00am

Nine die and 38 injured as bus falls into ravine

Nine persons were killed and 38 injured on Tuesday morning when a Rawalpindi bound bus from Kohala fell in a ravine near Dheri Kiala, while giving way to another bus on the narrow road.

Published 09 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 Tuesday (June 08, 2004).

Published 09 Jun, 2004 12:00am

Microsoft appeals against EU sanctions

Microsoft Corp has appealed to EU courts against the European Commission's decision to slap it with a record fine and order changes in the way it sells its Windows software, the company said on Tuesday.

Published 09 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 Tuesday (June 08, 2004).

Published 09 Jun, 2004 12:00am

Sindh Budget on June 14

Sindh Budget 2004-05 will be presented on June 14 at 2:30 pm before the Sindh Assembly, an announcement issued here on Tuesday said.

Published 09 Jun, 2004 12:00am

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Tuesday (June 08, 2004).

Published 09 Jun, 2004 12:00am

Sindh Budget on June 14

Sindh Budget 2004-05 will be presented on June 14 at 2:30 pm before the Sindh Assembly, an announcement issued here on Tuesday said.

Published 09 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 09 Jun, 2004 12:00am

Activity at Port Qasim resumes

Shipping activity at Port Qasim, which was suspended on Monday for shortage of tugs, came to normal on Tuesday after the Port Qasim Authority (PQA) made elaborate tugging arrangements to resume normal sailing and berthing operations.

Published 09 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 09 Jun, 2004 12:00am

Activity at Port Qasim resumes

Shipping activity at Port Qasim, which was suspended on Monday for shortage of tugs, came to normal on Tuesday after the Port Qasim Authority (PQA) made elaborate tugging arrangements to resume normal sailing and berthing operations.

Published 09 Jun, 2004 12:00am

Karachi interbank rates

Karachi interbank rates on Tuesday (June 08, 2004).

Published 09 Jun, 2004 12:00am

Bulls hold sway on ISE

Equities continued to show positive signs on the Islamabad Stock Exchange (ISE), where bulls commanded the proceedings amid the increase in index.

Published 09 Jun, 2004 12:00am

Chinese copper unit plans maintenance on June 10

China's Zhongtiaoshan Nonferrous Metals plans to shut its 50,000 tonnes per year copper smelter on June 10 for maintenance and an upgrade, a company official said on Tuesday.

Published 09 Jun, 2004 12:00am

Bulls hold sway on ISE

Equities continued to show positive signs on the Islamabad Stock Exchange (ISE), where bulls commanded the proceedings amid the increase in index.

Published 09 Jun, 2004 12:00am

Singapore bunker fuel prices down

Singapore bunker fuel prices edged down on Tuesday due to weak cargo prices, while enquiries were also lower.

Published 09 Jun, 2004 12:00am

US asks Pakistan to ensure respect for contracts

The United States has asked Islamabad to ensure rule of law, respect for contracts commitments, quick settlement of disputes through improved judicial system, enforcement on Intellectual Property Rights (IPRs) and low level of corruption for attracting mo

Published 09 Jun, 2004 12:00am

Activity at Karachi and Qasim ports

The Karachi Port handled 55,465 tonnes of cargo including 54,003 tonnes import and 1,462 tonnes export cargo during last 24 hours ending at 0700 hours on Tuesday.

Published 09 Jun, 2004 12:00am

US asks Pakistan to ensure respect for contracts

The United States has asked Islamabad to ensure rule of law, respect for contracts commitments, quick settlement of disputes through improved judicial system, enforcement on Intellectual Property Rights (IPRs) and low level of corruption for attracting mo

Published 09 Jun, 2004 12:00am

CBOT wheat lower on spill-over from corn and soya

Chicago Board of Trade wheat futures closed lower on Monday on spill-over selling from a sharp drop in corn and deferred soya, traders said.

Published 09 Jun, 2004 12:00am

Oil price hike may hit power tariff rationalisation

The rising trend in oil prices in international market might hit the Ministry of Water and Power plan to rationalise electricity tariff. Prime Minister Zafarullah Khan Jamali, Finance Minister Shaukat Aziz and Minister for Water and Power Aftab Ahmad Khan

Published 09 Jun, 2004 12:00am

US Midwest soyabean firm, corn steady

Spot soyabean basis bids firmed in the US Midwest on Tuesday, reflecting a lack of country movement, while corn bids were steady to firm, dealers said.

Published 09 Jun, 2004 12:00am

Oil price hike may hit power tariff rationalisation

The rising trend in oil prices in international market might hit the Ministry of Water and Power plan to rationalise electricity tariff. Prime Minister Zafarullah Khan Jamali, Finance Minister Shaukat Aziz and Minister for Water and Power Aftab Ahmad Khan

Published 09 Jun, 2004 12:00am

Oil World cuts Brazilian soya forecast

Oilseeds newsletter Oil World said it had cut its forecast of Brazil's soyabean harvest this season to 50.2 million tonnes, down from last season's crop of 52.0 million tonnes.

Published 09 Jun, 2004 12:00am

ADB official lauds economic policies

Pakistan's economy has taken a paradigm shift towards a high growth path. The high growth rate achieved by Pakistan in GDP, revenue, exports and other macroeconomic indicators and decline in debt burden are not matched by many countries.

Published 09 Jun, 2004 12:00am

Ivory Coast cocoa prices up

Average prices paid to cocoa farmers in Ivory Coast mainly rose in the week to June 6, data from the Coffee and Cocoa Bourse (BCC) marketing body showed on Tuesday.

Published 09 Jun, 2004 12:00am

ADB official lauds economic policies

Pakistan's economy has taken a paradigm shift towards a high growth path. The high growth rate achieved by Pakistan in GDP, revenue, exports and other macroeconomic indicators and decline in debt burden are not matched by many countries.

Published 09 Jun, 2004 12:00am

Bangladesh tea prices fall

The average price of Bangladesh teas fell further on lower demand at Tuesday's weekly auction, brokers said.

Published 09 Jun, 2004 12:00am

LSE equities move both ways

Equities moved both the ways on Lahore Stock Exchange (LSE) mainly on account of lacking interest on the part of institutions, amid ascending transaction volume.

Published 09 Jun, 2004 12:00am

Pakistani rice prices firm on low stocks

Pakistan rice prices held firm in the past week amid high demand from exporters, and traders said they would rise further as stocks fell.

Published 09 Jun, 2004 12:00am

LSE equities move both ways

Equities moved both the ways on Lahore Stock Exchange (LSE) mainly on account of lacking interest on the part of institutions, amid ascending transaction volume.

Published 09 Jun, 2004 12:00am

Hungary's wheat crop likely to surge

Hungary's wheat crop was expected to surge to 5.3 million tonnes this year from 2.93 million tonnes in 2003, the Agriculture Ministry said on Tuesday in its crop progress report.

Published 09 Jun, 2004 12:00am

Share market ignores Mahar's resignation

The share market ignored the resignation of Sindh chief minister and continued its journey to positive side and attracted heavyweight buyers to remain in the arena.

Published 09 Jun, 2004 12:00am

HRW wheat flat, harvest rolling in US Plains

Spot basis bids for hard red winter (HRW) wheat in the US Plains production area were flat on Tuesday, with harvesting picking up speed in Kansas amid hot and mostly dry conditions, merchants said.

Published 09 Jun, 2004 12:00am

Share market ignores Mahar's resignation

The share market ignored the resignation of Sindh chief minister and continued its journey to positive side and attracted heavyweight buyers to remain in the arena.

Published 09 Jun, 2004 12:00am

Cuba's sugarcane withers as drought intensifies

A year-long drought in central-eastern Cuba has hit sugarcane hard, and could mean that 2004/2005 output will decline from this year's 2.52 million tonnes of raw sugar, sources said this week.

Published 09 Jun, 2004 12:00am

SBP unlikely to meet Rs 30 billion sale target of PIBs

The State Bank of Pakistan (SBP) is unlikely to meet its sale target of Rs 30 billion of Pakistan Investment Bonds (PIBs) for 15 and 20 years even if accepts bids at par, unless supported by sizeable corporate demand, as the bond market would ask for high

Published 09 Jun, 2004 12:00am

CBOT corn ends lower after dry weekend

Corn futures at the Chicago Board of Trade ended sharply lower on Monday as a turn to drier weather in the water-logged US Midwest weighed on prices, traders said.

Published 09 Jun, 2004 12:00am

SBP unlikely to meet Rs 30 billion sale target of PIBs

The State Bank of Pakistan (SBP) is unlikely to meet its sale target of Rs 30 billion of Pakistan Investment Bonds (PIBs) for 15 and 20 years even if accepts bids at par, unless supported by sizeable corporate demand, as the bond market would ask for high

Published 09 Jun, 2004 12:00am

Oil cake market rates

The July vaida opened at Rs 482.50 and gained Rs 1.40 to claim the highest for the day at Rs 483.90. The lowest was seen at Rs 482.50 and closing was marked at Rs 483.70.

Published 09 Jun, 2004 12:00am

SBP unlikely to meet Rs 30 billion sale target of PIBs

The State Bank of Pakistan (SBP) is unlikely to meet its sale target of Rs 30 billion of Pakistan Investment Bonds (PIBs) for 15 and 20 years even if accepts bids at par, unless supported by sizeable corporate demand, as the bond market would ask for high

Published 09 Jun, 2004 12:00am

Currency	Rate
USD PKR Interbank Selling / Jan 17	278.75
USD PKR Interbank Buying / Jan 17	278.65
USD to Japanese Yen / Jan 17	156.30
USD to Swiss Franc / Jan 17	0.92
Pound Sterling to USD / Jan 17	1.22
Euro to USD / Jan 17	1.03

Stock	Volume
S&P 500 / Jan 17	5,996.66
India Sensex / Jan 17	76,619.33
Tokyo Nikkei / Jan 17	38,451.46
Nasdaq / Jan 17	19,630.20
Hang Seng / Jan 17	19,584.06
FTSE 100 / Jan 17	8,505.22
Dow Jones / Jan 17	43,487.83
Germany DAX 30 / Jan 17	20,903.39

Item	Value
Crude Oil USD/Barrel / Jan 17	78.88
Karachi Cotton PKR/37.32 KG / Jan 17	18,785
Gold 10 Grams PKR / Jan 17	242,283
Gold Spot USD/Ounce / Jan 17	2,703.25
Cotton US¢/pound / Jan 17	67.60
Petrol/Litre / Jan 20	256.13

Stock	Price
Burj Clean Energy Modaraba / Jan 17 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	7.60 ▲ 1.00 (15.15%)
S.G.Power / Jan 17 S.G. Power Limited(SGPL)	9.51 ▲ 1.00 (11.75%)
Jahangir Sidd(Pref) / Jan 17 Jahangir Sidd(Pref)(JSCLPSA)	10.50 ▲ 1.00 (10.53%)
AN Textile Mill / Jan 17 AN Textile Mills Limited(ANTM)	12.82 ▲ 1.17 (10.04%)
Jah.Sidd. Co. / Jan 17 Jahangir Siddiqui & Co. Ltd.(JSCL)	23.62 ▲ 2.15 (10.01%)
Agritech Non-voting / Jan 17 Agritech Non-Voting Preference(AGLNCPS)	24.20 ▲ 2.20 (10.00%)
Arif Habib Ltd. / Jan 17 Arif Habib Limited(AHL)	66.21 ▲ 6.02 (10.00%)
Bilal Fibres / Jan 17 Bilal Fibres Limited(BILF)	15.95 ▲ 1.45 (10.00%)
Citi Pharma Ltd / Jan 17 Citi Pharma Ltd.(CPHL)	77.09 ▲ 7.01 (10.00%)

Stock	Price
JS Global Banking / Jan 17 JS Global Banking Sector (ETF)(JSGBETF)	19.77 ▼ -2.75 (-12.21%)
First Capital Equities / Jan 17 First Capital Equities Limited(FCEL)	5.35 ▼ -0.72 (-11.86%)
Tariq Corp.Pref. / Jan 17 Tariq Corporation Limited-Preference Shares(TCORPCPS)	7 ▼ -0.88 (-11.17%)
Service Textile / Jan 17 Service Industries Textiles Limited(SERT)	14.98 ▼ -1.66 (-9.98%)
Gulshan Sp. / Jan 17 Gulshan Spinning Mills Limited(GSPM)	4.01 ▼ -0.43 (-9.68%)
Zahid Jee Textile / Jan 17 Zahidjee Textile Mills Limited(ZAHID)	27.51 ▼ -2.70 (-8.94%)
Mandviwala / Jan 17 Mandviwala Mauser Plastic Industries(MWMP)	21.50 ▼ -2.00 (-8.51%)
Universal Ins. / Jan 17 The Universal Insurance Company Limited(UVIC)	9.23 ▼ -0.65 (-6.58%)
Tata Textile / Jan 17 Tata Textile Mills Limited(TATM)	47.10 ▼ -2.80 (-5.61%)

Stock	Volume
WorldCall Telecom / Jan 17 Worldcall Telecom Limited(WTL)	103,704,415 ▲ 0.01
Cnergyico PK / Jan 17 Cnergyico PK Limited(CNERGY)	37,108,232 ▲ 0.04
Hub Power Co. / Jan 17 The Hub Power Company Limited(HUBC)	36,743,585 ▲ 5.79
Hascol Petrol / Jan 17 Hascol Petroleum Limited(HASCOL)	32,265,861 ▲ 0.83
Dewan Motors / Jan 17 Dewan Farooque Motors Limited(DFML)	28,402,498 ▲ 2.84
Citi Pharma Ltd / Jan 17 Citi Pharma Ltd.(CPHL)	24,195,904 ▲ 7.01
Pak Refinery / Jan 17 Pakistan Refinery Limited(PRL)	17,625,081 ▲ 0.94
Fauji Foods Ltd / Jan 17 Fauji Foods Limited(FFL)	16,675,539 ▲ 0.30
K-Electric Ltd. / Jan 17 K-Electric Limited(KEL)	16,024,776 ▲ 0.09

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