News Archives for Print - 2004-06-15

Print - 2004-06-15

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 (June 14, 2004).

Published 15 Jun, 2004 12:00am

Budget marks shift towards growth: S&P

Pakistan's annual budget has marked a shift in fiscal policy towards growth and away from narrowing the deficit, international credit rating agency Standard & Poor's said on Monday.

Published 15 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 (June 14, 2004).

Published 15 Jun, 2004 12:00am

Budget marks shift towards growth: S&P

Pakistan's annual budget has marked a shift in fiscal policy towards growth and away from narrowing the deficit, international credit rating agency Standard & Poor's said on Monday.

Published 15 Jun, 2004 12:00am

Interest rates on old and incremental FCY deposits

Interest rates on old and incremental FCY deposits on Monday (June 14, 2004).

Published 15 Jun, 2004 12:00am

Wheat import specifications of food ministry rejected

Commerce Ministry has rejected Food Ministry's specifications for import of wheat asking it to give second thought to make them comprehensively cover all the aspects of the case.

Published 15 Jun, 2004 12:00am

LIBOR calculating interest on US dollar

London Interbank Offer Rates on for calculating interest on special US dollar on Monday (June 14, 2004).

Published 15 Jun, 2004 12:00am

Wheat import specifications of food ministry rejected

Commerce Ministry has rejected Food Ministry's specifications for import of wheat asking it to give second thought to make them comprehensively cover all the aspects of the case.

Published 15 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 (June 14, 2004).

Published 15 Jun, 2004 12:00am

Committee formed to resolve CVT issue

The government has constituted a five-member committee to resolve the issue of 0.1 percent capital value tax (CVT) levy on purchase of shares.

Published 15 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 (June 14, 2004).

Published 15 Jun, 2004 12:00am

Committee formed to resolve CVT issue

The government has constituted a five-member committee to resolve the issue of 0.1 percent capital value tax (CVT) levy on purchase of shares.

Published 15 Jun, 2004 12:00am

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Monday (June 14, 2004).

Published 15 Jun, 2004 12:00am

Committee formed to resolve CVT issue

The government has constituted a five-member committee to resolve the issue of 0.1 percent capital value tax (CVT) levy on purchase of shares.

Published 15 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 15 Jun, 2004 12:00am

Israeli military guns down Al-Aqsa leader

Israel's military killed two militants, including a leader of the al-Aqsa Martyrs Brigades, in a missile attack on a car in the West Bank city of Nablus on Monday, Palestinian security sources said.

Published 15 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 15 Jun, 2004 12:00am

Plan ready to bring 1 million new assessees in tax net

The Central Board of Revenue has prepared a new plan that would target new one million assessees to bring into tax net within the next three years.

Published 15 Jun, 2004 12:00am

Karachi interbank rates

Karachi interbank rates on Monday (June 14, 2004).

Published 15 Jun, 2004 12:00am

Plan ready to bring 1 million new assessees in tax net

The Central Board of Revenue has prepared a new plan that would target new one million assessees to bring into tax net within the next three years.

Published 15 Jun, 2004 12:00am

Pakistan Economic Indicators

Pakistan economic indicators on June 14

Published 15 Jun, 2004 12:00am

CVT alternatives being discussed

Three new proposals including taxing carryover transaction (COT), brokerage commission and difference in bill of daily trading were deliberated upon by the government and three bourses'' chiefs, as Ministry of Finance has agreed in principle to withdraw t

Published 15 Jun, 2004 12:00am

Ukrainian firm wins steel mill tender for $801 million

A Ukrainian corporation controlled by President Leonid Kuchma's son-in-law won a privatisation tender on Monday to buy the country's largest steel plant, Kryvorizhstal, the State Property Fund said.

Published 15 Jun, 2004 12:00am

CVT alternatives being discussed

Three new proposals including taxing carryover transaction (COT), brokerage commission and difference in bill of daily trading were deliberated upon by the government and three bourses' chiefs, as Ministry of Finance has agreed in principle to withdraw th

Published 15 Jun, 2004 12:00am

Oil cake market rates

The July vaida commenced with no change at Rs 481.30 and closed at the same rate. In the process of trading it improved with a gain of Rs 2.20 to be day's best at Rs 483.50, dealers said.

Published 15 Jun, 2004 12:00am

CVT alternatives being discussed

Three new proposals including taxing carryover transaction (COT), brokerage commission and difference in bill of daily trading were deliberated upon by the government and three bourses' chiefs, as Ministry of Finance has agreed in principle to withdraw th

Published 15 Jun, 2004 12:00am

Some deals take place on cotton market

The post-budget day yielded a few deals on the cotton market on Monday in the wake of expectations having come somewhat true, relevant sources said.

Published 15 Jun, 2004 12:00am

15 percent CED brings Fata ghee units at par with others

With imposition of CED the government, at last, has brought at par the cooking oil and ghee units in Fata and Pata with the units working in other parts of the country.

Published 15 Jun, 2004 12:00am

Brazil coffee to warm up after cold start

Brazil's coffee belt will gradually warm up this week after a chilly start on Monday, private meteorologists Somar said today.

Published 15 Jun, 2004 12:00am

15 percent CED brings Fata ghee units at par with others

With imposition of CED the government, at last, has brought at par the cooking oil and ghee units in Fata and Pata with the units working in other parts of the country.

Published 15 Jun, 2004 12:00am

Steady conditions on grain market

Steady trend was seen in the first post-budget session at the local grain market as most of the commodities maintained their week-end levels, operators said on Monday (June 14, 2004).

Published 15 Jun, 2004 12:00am

15 percent CED brings Fata ghee units at par with others

With imposition of CED the government, at last, has brought at par the cooking oil and ghee units in Fata and Pata with the units working in other parts of the country.

Published 15 Jun, 2004 12:00am

Argentine corn sales up

Argentine sales of 2003/04 corn totalled 5.975 million tonnes by June 11, up from 5.945 million tonnes the week before, the Agriculture Department said on Monday.

Published 15 Jun, 2004 12:00am

CVT levy sparks violence at KSE

The imposition of capital value tax (CVT) on purchases of shares brought violent protests in Karachi Stock Exchange on Monday where protesters demanded its immediate withdrawal.

Published 15 Jun, 2004 12:00am

Hungary wheat market quiet, looking to good crop

Hungary's grains market is at a standstill with last year's meagre crop by and large exhausted and this year's fairly good one still three weeks away because of cool and rainy weather, traders said on Monday.

Published 15 Jun, 2004 12:00am

CVT levy sparks violence at KSE

The imposition of capital value tax (CVT) on purchases of shares brought violent protests in Karachi Stock Exchange on Monday where protesters demanded its immediate withdrawal.

Published 15 Jun, 2004 12:00am

EU sugar industry sees price, quota cuts in reform

European sugar producers called on Monday for the EU's planned sugar reform to include at least a partial link of subsidy to production, while accepting the likelihood of cuts in minimum prices and national quotas.

Published 15 Jun, 2004 12:00am

Dutch zinc smelter under repair, output maintained

European zinc producer Budel Zinc BV, owned by Australian metals group Zinifex Ltd, has shut part of its plant in the Netherlands for about 10 days for maintenance repairs, but production losses are ruled out, a company official said on Monday.

Published 15 Jun, 2004 12:00am

China Tin suffers from severe ore shortages

Liuzhou China Tin Group Co, the country's second largest tin producer, is suffering from a severe shortfall in raw materials due to insufficient supply of power at its mine, industry sources said on Monday.

Published 15 Jun, 2004 12:00am

European palm oil seen extending losses

European palm oil traders expect prices to ease further in coming weeks on weak exports and surging output in key producer Malaysia, traders said on Monday.

Published 15 Jun, 2004 12:00am

Thai sugar premiums steady, rains could hit crop

Thai sugar premiums traded steady on Monday, but heavy rains have raised fears of flood damage in some growing areas, traders said.

Published 15 Jun, 2004 12:00am

Physical sugar: China dampens mood; premiums flat

Cash sugar operators were a bit glum on a higher-than-expected harvest in China although recent Indian purchases should shore up sentiment, brokers said Monday.

Published 15 Jun, 2004 12:00am

Argentine wheat sales up

Argentine export commitments of 2003/04 wheat totalled 5.185 million tonnes by June 11, up from 5.155 million tonnes the week before, the Agriculture Department said on Monday.

Published 15 Jun, 2004 12:00am

Light rains likely for US corn and soya

Scattered rains were expected later this week across key parts of the US Midwest crop region, a private forecaster said on Monday.

Published 15 Jun, 2004 12:00am

US Midwest corn and soya steady, trade slow

Spot corn and soyabean basis were mostly steady in the US Midwest Monday and country sales were hushed as farmers held out for higher prices, dealers said.

Published 15 Jun, 2004 12:00am

Thai rubber futures end higher, volume up

Thai rubber futures ended slightly higher on Monday, with dealers crediting lower trading margins for luring more players into the market.

Published 15 Jun, 2004 12:00am

Vietnam plans to impose tariffs on steel imports

Vietnam plans to impose tariffs to protect local manufacturers from an influx of cheap steel from China, Europe and Southeast Asia, government media reported on Monday.

Published 15 Jun, 2004 12:00am

Algeria buys milling wheat

Algeria has bought 300,000 tonnes of milling wheat from optional origins for shipment from August to October, European traders said on Monday.

Published 15 Jun, 2004 12:00am

Daewoo wins LNG ship orders

South Korea's Daewoo Shipbuilding and Marine Engineering, the world's second-largest shipyard, said on Monday it has won orders worth $1.1 billion for four LNG (liquefied natural gas) ships.

Published 15 Jun, 2004 12:00am

Singapore bunker fuel prices ease

Singapore bunker prices eased on Monday, due to worries about high supplies, sluggish demand and weak crude, although ship-owners were starting to check out the market.

Published 15 Jun, 2004 12:00am

Activity at Karachi and Qasim ports

The Karachi Port handled 92,367 tonnes of cargo including 60,492 tonnes import and 31,875 tonnes export cargo during last 24 hours ending at 0700 hours on Monday.

Published 15 Jun, 2004 12:00am

Ivory Coast cocoa arrivals at 1,268,964 tonnes

Cocoa arrivals at ports in Ivory Coast reached 1,268,964 tonnes between the start of the 2003/04 (October-September) campaign and May 31, official data from the Coffee and Cocoa Bourse (BCC) showed on Monday.

Published 15 Jun, 2004 12:00am

China expands Brazil soya blacklist, trade in limbo

China added 15 companies on Monday to a blacklist of Brazilian soy suppliers banned from selling to the world's top buyer of the oilseed, suspending a large chunk of soya imports from the South American country.

Published 15 Jun, 2004 12:00am

New Zealand's PPCS mounts full take-over bid for Richmond

New Zealand co-operative PPCS on Monday made a NZ$39 million take-over offer for full control of Richmond Ltd in a bid to create the nation's largest meat company and complete a near seven year quest for control.

Published 15 Jun, 2004 12:00am

New Zealand's PPCS mounts full take-over bid for Richmond

Published 15 Jun, 2004 12:00am

East Asian grain: wheat and soyabeans sought; corn seen slow

Some South Korean flour millers and Japanese oilseed crushers may buy this week, while many corn importers were likely to stay sidelined while they waited for prices to fall, traders said on Monday.

Published 15 Jun, 2004 12:00am

US crude slides but holds above $38 per barrel

US crude futures slipped on Monday but remained above $38 a barrel, with brokers predicting a downward corrective phase that may be limited by escalating violence in the Middle East and oil-producing countries.

Published 15 Jun, 2004 12:00am

Chinese sugar output forecast raised

The China Sugar Association raised its forecast for the country's 2003/04 sugar output to 10.05 million tonnes from 9.8-9.9 million tonnes as the domestic crushing season drew to a close, an official said on Monday.

Published 15 Jun, 2004 12:00am

Shanghai copper slips, sentiment reminds shaky

Shanghai copper futures slid on Monday as sentiment remained weak following successive falls in the past four sessions, as the market struggled to find its footing, traders said.

Published 15 Jun, 2004 12:00am

Libya may buy white sugar

Libya's state-run National Company for Supply Commodities will launch an international tender to buy 50,000 tonnes of white sugar soon, a senior Economy and Trade Ministry official said on Monday.

Published 15 Jun, 2004 12:00am

Malaysian tin extends fall

Malaysia's tin price fell further on Monday, weighed down by weakness on the London Metal Exchange (LME) due to rising stocks.

Published 15 Jun, 2004 12:00am

Tokyo gold buoyed by yen

Gold futures on the Tokyo Commodity Exchange (TOCOM) firmed on Monday as a weaker yen induced light short-covering, although rises were capped by falls in spot metals prices, brokers said.

Published 15 Jun, 2004 12:00am

Firm dollar clips gold, focus on US data

Gold fell around $1 an ounce in Asia on Monday as growing speculation of an imminent hike in US interest rates fuelled gains in the dollar, dealers said.

Published 15 Jun, 2004 12:00am

Tokyo rubber ends mixed

Prompt Tokyo rubber futures contracts rose on Monday, bolstered by a weaker yen and concerns about tight supply while technical factors pushed contracts for the months ahead lower.

Published 15 Jun, 2004 12:00am

Indian edible oil imports fall sharply in May

Edible oil imports by India, the world's largest buyer, fell by a sharp 65 percent in May from a year because of a significant rise in domestic output, a leading trade body said on Monday.

Published 15 Jun, 2004 12:00am

Malaysian palm oil ends with pared gains

Malaysian crude palm oil futures ended with pared gains on Monday as players quickly booked profits amid concerns over rising domestic stocks. Gains in rival Chicago soyaoil and official data showing a smaller-than-expected rise in stocks had underpinned

Published 15 Jun, 2004 12:00am

US seen picking Lockheed for sub-hunter plane

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 15	277.70
USD PKR Interbank Buying / Nov 15	277.50
USD to Japanese Yen / Nov 15	155.61
USD to Swiss Franc / Nov 15	0.89
Pound Sterling to USD / Nov 15	1.27
Euro to USD / Nov 15	1.06

Stock	Volume
India Sensex / Nov 14	77,580.31
S&P 500 / Nov 15	5,906.50
Tokyo Nikkei / Nov 15	38,642.91
Nasdaq / Nov 15	18,861.33
Hang Seng / Nov 15	19,426.34
FTSE 100 / Nov 15	8,065.30
Dow Jones / Nov 15	43,602
Germany DAX 30 / Nov 15	19,211.48

Item	Value
Gold 10 Grams PKR / Nov 14	232,340
Crude Oil USD/Barrel / Nov 15	67.86
Karachi Cotton PKR/37.32 KG / Nov 15	18,085
Gold Spot USD/Ounce / Nov 15	2,567.71
Cotton US¢/pound / Nov 15	69.87
Petrol/Litre / Nov 16	248.38

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Nov 16 786 Investments Limited(786)	6.37 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 16 Al-Abbas Sugar Mills Limited(AABS)	609.47 ▼ 0.00 (0.00%)
Agro Allianz / Nov 16 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 16 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 16 Ali Asghar Textile Mills Limited(AATM)	61.35 ▼ 0.00 (0.00%)
Allied Bank / Nov 16 Allied Bank Limited(ABL)	114.03 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 16 Abbott Laboratories (Pakistan) Limited(ABOT)	993.93 ▼ 0.00 (0.00%)
Abson Ind. / Nov 16 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 16 Alfalah Consumer Index ETF.(ACIETF)	12.31 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 16 786 Investments Limited(786)	6.37 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 16 Al-Abbas Sugar Mills Limited(AABS)	609.47 ▲ 0.00 (0.00%)
Agro Allianz / Nov 16 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 16 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 16 Ali Asghar Textile Mills Limited(AATM)	61.35 ▲ 0.00 (0.00%)
Allied Bank / Nov 16 Allied Bank Limited(ABL)	114.03 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 16 Abbott Laboratories (Pakistan) Limited(ABOT)	993.93 ▲ 0.00 (0.00%)
Abson Ind. / Nov 16 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 16 Alfalah Consumer Index ETF.(ACIETF)	12.31 ▲ 0.00 (0.00%)

Stock	Volume
WorldCall Telecom / Nov 16 Worldcall Telecom Limited(WTL)	177,393,273 ▲ 0.00
Hascol Petrol / Nov 16 Hascol Petroleum Limited(HASCOL)	59,224,094 ▲ 0.00
Treet Battery / Nov 16 Treet Battery Limited(TBL)	47,940,702 ▲ 0.00
Sui South Gas / Nov 16 Sui Southern Gas Company Limited(SSGC)	42,748,255 ▲ 0.00
Cnergyico PK / Nov 16 Cnergyico PK Limited(CNERGY)	32,665,062 ▲ 0.00
TPL Properties / Nov 16 TPL Properties Limited(TPLP)	30,497,881 ▲ 0.00
Treet Corp / Nov 16 Treet Corporation Limited(TREET)	29,734,104 ▲ 0.00
Telecard Limited / Nov 16 Telecard Limited(TELE)	29,162,423 ▲ 0.00
Pak Refinery / Nov 16 Pakistan Refinery Limited(PRL)	27,309,247 ▲ 0.00

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