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May 15, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2004-06-16
Exports from EPZs to tariff area restricted to 20 percent

Exports from EPZs to tariff area restricted to 20 percent

Exports from the Export Processing Zones (EPZs) to tariff area has been restricted to 20 percent under the new SRO 461 (1) 2004 and the manufacturing units in Karachi Export Processing Zone (KEPZ) would have to export their products up to 80 percent to th
Published 16 Jun, 2004 12:00am
Piaf chairman felicitated

Piaf chairman felicitated

The Lahore Chamber of Commerce and Industry (LCCI) President Mian Anjum Nisar and vice-president Shahzad Ali Malik have congratulated Mian Muhammad Ali on his election as chairman Pakistan Industrial and Traders Associations Front (Piaf).
Published 16 Jun, 2004 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Tuesday (June 15) and rates for Wednesday (June 16, 2004).
Published 16 Jun, 2004 12:00am
LCCI demands removal of 'complications'

LCCI demands removal of 'complications'

The Lahore Chamber of Commerce and Industry (LCCI) president Mian Anjum Nisar and vice-president Shahzad Ali Malik have said that although Federal Budget for the year 2004-05 is balanced but still there are some 'complications' which needs to be removed t
Published 16 Jun, 2004 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Tuesday (June 15, 2004).
Published 16 Jun, 2004 12:00am
RCCI terms budget as balanced

RCCI terms budget as balanced

Rawalpindi Chamber of Commerce and Industry (RCCI) President Hussain Ahmed Ozgen has termed the budget 2004-05 balanced and business-friendly.
Published 16 Jun, 2004 12:00am
KESC finalises rain emergency plan

KESC finalises rain emergency plan

The city co-ordination committee of Karachi Electric Supply Corporation (KESC) has finalised rain emergency programme.
Published 16 Jun, 2004 12:00am
KWSB to install two generators at Gharo pumping station

KWSB to install two generators at Gharo pumping station

Managing Director of the Karachi Water and Sewerage Board Brigadier Iftikhar Haider on Tuesday issued instructions for the installation of two generators of 500mw each at the two Gharo pumping stations.
Published 16 Jun, 2004 12:00am
Key stock market movements at 1700 GMT on June 15

Key stock market movements at 1700 GMT on June 15

The latest close of key indices on major world stock exchanges and the London closing values of the euro, the Japanese yen, the British pound and gold bullion (previous day's closes in brackets).
Published 16 Jun, 2004 12:00am
Kati chief welcomes budget provisions

Kati chief welcomes budget provisions

Zahid Hussain, Chairman, Korangi Association of Trade and Industry (Kati), has said that credit goes to the present government that because of the sound economic policies it has been possible to get rid of international financial institutions by the end o
Published 16 Jun, 2004 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Tuesday (June 15, 2004)
Published 16 Jun, 2004 12:00am
'Budget not friendly to small traders'

'Budget not friendly to small traders'

The Alliance of Market Association (AMA), Karachi, has criticised the budget 2004-05 for not being friendly to small traders/businessmen.
Published 16 Jun, 2004 12:00am
New York cotton

New York cotton

Tuesday's closing prices of New York cotton in US cents/lb.
Published 16 Jun, 2004 12:00am
Tobacco: PAKISTAN TOBACCO COMPANY LIMITED - Year Ended 31-12-2003

Tobacco: PAKISTAN TOBACCO COMPANY LIMITED - Year Ended 31-12-2003

During the year under review the company generated highest ever operating profit and improved margins. The pretax and after tax profit were lower than preceding year because of "other expenses" which included staff separation cost and obsolete machinery w
Published 16 Jun, 2004 12:00am
Opposition in Sindh Assembly to attend budget session

Opposition in Sindh Assembly to attend budget session

The Opposition in the Sindh provincial assembly led by Nisar Khuhro, belonging to the PPP, will attend the Sindh Assembly budget session in full strength on Wednesday, reports UPP correspondent.
Published 16 Jun, 2004 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Tuesday (June 15, 2004).
Published 16 Jun, 2004 12:00am
Car makers seek meeting with Jamali and Shaukat

Car makers seek meeting with Jamali and Shaukat

The Pakistan Automotive Manufacturers Association (Pama) has decided to seek an immediate appointment with Prime Minister, Finance Minister and other concerned ministers to explain the detrimental effects the proposed budgetary measures will have on new i
Published 16 Jun, 2004 12:00am
APTPMA felicitates Shaukat for balanced and business-friendly budget

APTPMA felicitates Shaukat for balanced and business-friendly budget

The Chairman of All Pakistan Textile Processing Mills Association (APTPMA), Muhammad Amjad, and Life Chairman of APTPMA action committee, G R Arshad have felicitated Finance Minister Shaukat Aziz for presenting a balanced, progressive and tax-free budget
Published 16 Jun, 2004 12:00am
Punjab plans to set up industries in backward areas

Punjab plans to set up industries in backward areas

Provincial Minister for Industries and Investment Muhammad Ajmal Cheema has said that the government is making all out efforts for eliminating backwardness from the neglected and far-off areas and brining them at par with the developed parts of the provin
Published 16 Jun, 2004 12:00am
THE RUPEE: dollar demand up in interbank market

THE RUPEE: dollar demand up in interbank market

The demand for dollar rose in the interbank market on Tuesday and the rupee shed more two paisa versus the greenback at Rs 57.92 and Rs 57.94 for buying and selling, respectively, market men said.
Published 16 Jun, 2004 12:00am
Budget termed growth-oriented

Budget termed growth-oriented

People belonging to various walks of life, including business community, have hailed the federal budget and termed it a growth-oriented and business-friendly.
Published 16 Jun, 2004 12:00am
THE RUPEE: dollar demand up in interbank market

THE RUPEE: dollar demand up in interbank market

The demand for dollar rose in the interbank market on Tuesday and the rupee shed more two paisa versus the greenback at Rs 57.92 and Rs 57.94 for buying and selling, respectively, market men said.
Published 16 Jun, 2004 12:00am
Budget termed historic and revolutionary

Budget termed historic and revolutionary

Punjab Minister for Communication and Works Zaheer-ud-Din Khan has said that the budget of next financial year is revolutionary and historic in every sense.
Published 16 Jun, 2004 12:00am
Tobacco: PAKISTAN TOBACCO COMPANY LIMITED - Year Ended 31-12-2003

Tobacco: PAKISTAN TOBACCO COMPANY LIMITED - Year Ended 31-12-2003

During the year under review the company generated highest ever operating profit and improved margins. The pretax and after tax profit were lower than preceding year because of "other expenses" which included staff separation cost and obsolete machinery w
Published 16 Jun, 2004 12:00am
Tethyan starts exploring copper-gold project

Tethyan starts exploring copper-gold project

The Australian company, Tethyan Copper Company Ltd, has opened up a new exploration front at its Reko Diq copper-gold project in Balochistan province.
Published 16 Jun, 2004 12:00am
Quiet prevails at cotton market

Quiet prevails at cotton market

Quiet prevailed at the cotton market on Tuesday following post-budget trading as cotton buyers took a sigh of relief owing to drop of 15 percent sales tax likely to be removed from July 1, 2004, relevant sources said.
Published 16 Jun, 2004 12:00am
Oil cake market rates

Oil cake market rates

The July vaida opened sharply higher at Rs 484.20 and rose further to be day's highest at Rs 485. Later in depressed trading it lost and turned lowest at Rs 481 but wound up sharply higher at Rs 485.
Published 16 Jun, 2004 12:00am
General Casey named to head Iraq command

General Casey named to head Iraq command

President George W. Bush has nominated Army General George Casey to command the US-led multinational force in Iraq, replacing Lieutenant General Ricardo Sanchez, the Pentagon said Tuesday.
Published 16 Jun, 2004 12:00am
Brazil and China progress on soya row, worries remain

Brazil and China progress on soya row, worries remain

China has expressed satisfaction with new sanitary standards Brazil introduced last week on soyabean exports, an official from the Brazilian embassy said on Tuesday, indicating progress towards resolving a bilateral trade row.
Published 16 Jun, 2004 12:00am
Turk elected new head of OIC

Turk elected new head of OIC

Senior representatives of 57 Muslim countries Tuesday elected Turkey's Ekmeleddin Ihsanoglu as the next secretary general of the Organisation of the Islamic Conference, a minister participating in the meeting said.
Published 16 Jun, 2004 12:00am
FOB Gulf corn and soyabean mostly steady

FOB Gulf corn and soyabean mostly steady

US FOB Gulf corn and soyabean basis offers were mostly steady on Monday, with processor and exporter demand firming soya in the CIF barge market, dealers said.
Published 16 Jun, 2004 12:00am
Two relatives of Khalid Sheikh nabbed: minister

Two relatives of Khalid Sheikh nabbed: minister

Pakistan said on Tuesday that two suspected militants arrested in the past few days were related to Khalid Sheikh Mohammed, the alleged brains behind al Qaeda's attacks on the US on September 11, 2001.
Published 16 Jun, 2004 12:00am
Chinese copper and aluminium demand to fall

Chinese copper and aluminium demand to fall

The demand for copper and aluminium is likely to fall in July to August on China's escalating power shortages in the summer, and credit controls, industry sources said on Tuesday.
Published 16 Jun, 2004 12:00am
Musharraf visits Corps Headquarters

Musharraf visits Corps Headquarters

President General Pervez Musharraf has said that the government is not deterred due to the cowardly terrorist acts and would continue with full might to cleanse the terrorists off our soil till this menace is totally eliminated.
Published 16 Jun, 2004 12:00am
Pakistani rice prices stay firm on tight supply

Pakistani rice prices stay firm on tight supply

Pakistani rice prices edged higher in the past week as depleted stocks halted exports and activity was likely to remain dull until the arrival of the new crop in September, traders said on Tuesday.
Published 16 Jun, 2004 12:00am
IMF aims selective, more predictable lending

IMF aims selective, more predictable lending

The International Monetary Fund aims to be more selective and more predictable in its lending policies under the leadership of new managing director Rodrigo Rato, IMF chief economist Raghuram Rajan said here Tuesday.
Published 16 Jun, 2004 12:00am
Bangladeshi tea prices fall

Bangladeshi tea prices fall

Prices of Bangladesh teas fell on poor quality despite better demand at the weekly auction on Tuesday, brokers said.
Published 16 Jun, 2004 12:00am
Musharraf renews pledge to end terrorism

Musharraf renews pledge to end terrorism

President Pervez Musharraf has once again reiterated his resolve to eliminate terrorism by effectively controlling criminal activities in Sindh in particular and in the country in general.
Published 16 Jun, 2004 12:00am
Brazilian coffee stocks fall in May

Brazilian coffee stocks fall in May

Coffee stocks of Brazilian co-operatives fell 56 percent to 2.18 million 60-kg bags by May 31 from 4.91 million bags in May 2003, reflecting a late harvest, the National Coffee Council (CNC) said Tuesday.
Published 16 Jun, 2004 12:00am
Musharraf renews pledge to end terrorism

Musharraf renews pledge to end terrorism

President Pervez Musharraf has once again reiterated his resolve to eliminate terrorism by effectively controlling criminal activities in Sindh in particular and in the country in general.
Published 16 Jun, 2004 12:00am
Egypt buys Malaysian palm oil

Egypt buys Malaysian palm oil

Egypt's state-owned Holding Company for Food Industries (HCFI) said on Tuesday it had bought 15,000 tonnes of Malaysian palm oil from Felda for July delivery.
Published 16 Jun, 2004 12:00am
One foreigner killed, 4 held in Waziristan

One foreigner killed, 4 held in Waziristan

One foreign miscreant was killed and four others arrested in an encounter between security forces and miscreants at Jandola check post in South Waziristan Agency.
Published 16 Jun, 2004 12:00am
HRW wheat bids steady to firmer in US Plains

HRW wheat bids steady to firmer in US Plains

Spot basis bids for hard red winter (HRW) wheat in the US Plains production area were steady to firmer on Tuesday amid slow country selling, cash merchants said.
Published 16 Jun, 2004 12:00am
One foreigner killed, 4 held in Waziristan

One foreigner killed, 4 held in Waziristan

One foreign miscreant was killed and four others arrested in an encounter between security forces and miscreants at Jandola check post in South Waziristan Agency.
Published 16 Jun, 2004 12:00am
US Midwest soyabean firm, corn steady

US Midwest soyabean firm, corn steady

Spot soyabean basis were mostly firm in the US Midwest on Tuesday, reflecting strong demand from domestic crushers, while corn bids were mostly steady and movement was slow, dealers said.
Published 16 Jun, 2004 12:00am
Punjab budget on June 17

Punjab budget on June 17

Punjab finance minister Sardar Husnain Dreshak Bahadur will present the provincial budget for fiscal year 2004-05 in the Assembly at 11.30 am on Thursday.
Published 16 Jun, 2004 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 107,942 tonnes of cargo including 71,901 tonnes import and 36,041 tonnes export cargo during last 24 hours ending at 0700 hours on Tuesday.
Published 16 Jun, 2004 12:00am
Dalda changing hands; Unilever deal with palm oil mogul

Dalda changing hands; Unilever deal with palm oil mogul

Leading palm oil importer Bashir Janmohammad, in collaboration with an Employees Group led by Pervez Khan, Director Production, has reportedly purchased the Selected Oils and Fats Business (SOFB) of Unilever Pakistan Limited (UPL) for Rs 1.4 billion.
Published 16 Jun, 2004 12:00am
Singapore bunker fuel prices ease

Singapore bunker fuel prices ease

Singapore bunker fuel oil prices eased on Tuesday due to worries about high supplies, sluggish demand and weaker crude.
Published 16 Jun, 2004 12:00am
Dalda changing hands; Unilever deal with palm oil mogul

Dalda changing hands; Unilever deal with palm oil mogul

Leading palm oil importer Bashir Janmohammad, in collaboration with an Employees Group led by Pervez Khan, Director Production, has reportedly purchased the Selected Oils and Fats Business (SOFB) of Unilever Pakistan Limited (UPL) for Rs 1.4 billion.
Published 16 Jun, 2004 12:00am
Grain exports from Rouen port

Grain exports from Rouen port

Grain exports from the French port of Rouen totalled 119,913 tonnes for June 1-9, comprising 102,945 tonnes of wheat and 16,968 tonnes of barley, port officials said on Tuesday.
Published 16 Jun, 2004 12:00am
Brokers agree to increase withholding tax to 10 percent

Brokers agree to increase withholding tax to 10 percent

The stock brokers have agreed to taxing brokerage income, carryover transactions and the difference in the bill of trading following government's decision to remove capital value tax (CVT), according to sources close to Karachi Stock Exchange.
Published 16 Jun, 2004 12:00am
Ivory Coast cocoa prices lower

Ivory Coast cocoa prices lower

Average cocoa prices paid to farmers in Ivory Coast were stable to lower in the week of June 7 to 13, data from the Coffee and Cocoa Bourse (BCC) marketing body showed on Tuesday.
Published 16 Jun, 2004 12:00am
Brokers agree to increase withholding tax to 10 percent

Brokers agree to increase withholding tax to 10 percent

The stock brokers have agreed to taxing brokerage income, carryover transactions and the difference in the bill of trading following government's decision to remove capital value tax (CVT), according to sources close to Karachi Stock Exchange.
Published 16 Jun, 2004 12:00am
Brokers agree to increase withholding tax to 10 percent

Brokers agree to increase withholding tax to 10 percent

The stock brokers have agreed to taxing brokerage income, carryover transactions and the difference in the bill of trading following government''s decision to remove capital value tax (CVT), according to sources close to Karachi Stock Exchange.
Published 16 Jun, 2004 12:00am
State Bank of Pakistan conversion rates

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 16 Jun, 2004 12:00am
Karachi stocks stage recovery

Karachi stocks stage recovery

The stock market on Tuesday recovered on expectations that the government might remove capital value tax, thereby boosting investors' confidence following active participation from the leading brokerage houses and financial institutions.
Published 16 Jun, 2004 12:00am
Barclays bid rates and maximum rates for payment of interest

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 16 Jun, 2004 12:00am
Karachi stocks stage recovery

Karachi stocks stage recovery

The stock market on Tuesday recovered on expectations that the government might remove capital value tax, thereby boosting investors' confidence following active participation from the leading brokerage houses and financial institutions.
Published 16 Jun, 2004 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Tuesday (June 15, 2004).
Published 16 Jun, 2004 12:00am
Amendments proposed in Income Tax Rules 2002

Amendments proposed in Income Tax Rules 2002

The Central Board of Revenue (CBR), through Finance Bill 2004, has proposed amendment in the Income Tax Rules 2002 to incorporate changes made in the income tax law.
Published 16 Jun, 2004 12:00am
Conversion for foreign currency deposits

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Tuesday (June 15, 2004).
Published 16 Jun, 2004 12:00am
Amendments proposed in Income Tax Rules 2002

Amendments proposed in Income Tax Rules 2002

The Central Board of Revenue (CBR), through Finance Bill 2004, has proposed amendment in the Income Tax Rules 2002 to incorporate changes made in the income tax law.
Published 16 Jun, 2004 12:00am
Currency notes: exchange rates

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 15, 2004).
Published 16 Jun, 2004 12:00am
Oil prices unchanged

Oil prices unchanged

Starting Wednesday, the oil prices for the next fortnight would remain unchanged, according to an announcement of Oil Companies Advisory Committee (OCAC) and oil marketing companies.
Published 16 Jun, 2004 12:00am
Oil prices unchanged

Oil prices unchanged

Starting Wednesday, the oil prices for the next fortnight would remain unchanged, according to an announcement of Oil Companies Advisory Committee (OCAC) and oil marketing companies.
Published 16 Jun, 2004 12:00am
Further tax withdrawn from June 12: CBR

Further tax withdrawn from June 12: CBR

To facilitate the business community, the Central Board of Revenue (CBR) has announced withdrawal of "further tax" on all the supplies made from June 12, 2004 instead of July 1.
Published 16 Jun, 2004 12:00am
Further tax withdrawn from June 12: CBR

Further tax withdrawn from June 12: CBR

To facilitate the business community, the Central Board of Revenue (CBR) has announced withdrawal of "further tax" on all the supplies made from June 12, 2004 instead of July 1.
Published 16 Jun, 2004 12:00am
Bill buying rates per unit of currency

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 15, 2004).
Published 16 Jun, 2004 12:00am
OIC calls for full transfer of power to new Iraqi government

OIC calls for full transfer of power to new Iraqi government

Foreign ministers from Muslim countries met here on Tuesday to decide whether to support the new interim government in Iraq and how security in the country - where violence is now a daily occurrence - can be boosted.
Published 16 Jun, 2004 12:00am
OIC calls for full transfer of power to new Iraqi government

OIC calls for full transfer of power to new Iraqi government

Foreign ministers from Muslim countries met here on Tuesday to decide whether to support the new interim government in Iraq and how security in the country - where violence is now a daily occurrence - can be boosted.
Published 16 Jun, 2004 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Tuesday (June 15, 2004).
Published 16 Jun, 2004 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Tuesday (June 15, 2004).
Published 16 Jun, 2004 12:00am
ISE index gains 208.42 points

ISE index gains 208.42 points

Equities staged recovery at the Islamabad Stock Exchange (ISE) on Tuesday where fresh buying spree in heavyweights moved the entire ready board in upward direction amid increase in index.
Published 16 Jun, 2004 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (June 15, 2004).
Published 16 Jun, 2004 12:00am
ISE index gains 208.42 points

ISE index gains 208.42 points

Equities staged recovery at the Islamabad Stock Exchange (ISE) on Tuesday where fresh buying spree in heavyweights moved the entire ready board in upward direction amid increase in index.
Published 16 Jun, 2004 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (June 15, 2004).
Published 16 Jun, 2004 12:00am
Bullish trend on LSE

Bullish trend on LSE

Bullish trend prevailed on the Lahore Stock Exchange (LSE), where index recovered some of its overnight losses, amid ascending transaction volume on account of institutional support.
Published 16 Jun, 2004 12:00am
Bullish trend on LSE

Bullish trend on LSE

Bullish trend prevailed on the Lahore Stock Exchange (LSE), where index recovered some of its overnight losses, amid ascending transaction volume on account of institutional support.
Published 16 Jun, 2004 12:00am
Apple brings iTunes music service to Europe

Apple brings iTunes music service to Europe

US computer maker Apple launched its iTunes online music store in Europe on Tuesday, already a huge success in the United States, in an attempt to rein in the burgeoning field of pirated music.
Published 16 Jun, 2004 12:00am
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