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Nov 15, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2004-06-29
Tariff anomaly body set up

Tariff anomaly body set up

The government has constituted a tariff anomaly committee to examine anomalies, which have arisen due to customs duty changes in the budget 2004-05.
Published 29 Jun, 2004 12:00am
Shujaat meets Musharraf

Shujaat meets Musharraf

Chaudhry Shujaat Hussain held his first meeting as prime minister-designate with President Pervez Musharraf here on Monday and discussed the aftermath of Jamali's resignation including cabinet formation.
Published 29 Jun, 2004 12:00am
Shujaat meets Musharraf

Shujaat meets Musharraf

Chaudhry Shujaat Hussain held his first meeting as prime minister-designate with President Pervez Musharraf here on Monday and discussed the aftermath of Jamali's resignation including cabinet formation.
Published 29 Jun, 2004 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (June 28, 2004).
Published 29 Jun, 2004 12:00am
MCB ratings maintained

MCB ratings maintained

The Pakistan Credit Rating Agency (Pacra) has maintained the long-term and the short-term ratings of the Muslim Commercial Bank Limited (MCB) at "AA" (double A) and "A1+" (A one plus), respectively.
Published 29 Jun, 2004 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (June 28, 2004).
Published 29 Jun, 2004 12:00am
MCB ratings maintained

MCB ratings maintained

The Pakistan Credit Rating Agency (Pacra) has maintained the long-term and the short-term ratings of the Muslim Commercial Bank Limited (MCB) at "AA" (double A) and "A1+" (A one plus), respectively.
Published 29 Jun, 2004 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Monday (June 28, 2004).
Published 29 Jun, 2004 12:00am
Seven Afghan cops and five Taleban killed

Seven Afghan cops and five Taleban killed

Gunmen killed seven Afghan policemen in an ambush in the western province of Farah at the weekend, the latest in a spate of violence ahead of elections supposed to be held in September, an official said on Monday.
Published 29 Jun, 2004 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Monday (June 28, 2004).
Published 29 Jun, 2004 12:00am
Oman Bank ratings reaffirmed

Oman Bank ratings reaffirmed

JCR-VIS Credit Rating Company Limited (JCR-VIS) has reaffirmed the medium to long-term entity rating of Oman International Bank S.A.O.G Pakistan Branches (OIBP) at 'BBB' (Triple B) with a 'Stable' outlook. The assigned short-term rating has also been reaf
Published 29 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 Monday (June 28, 2004).
Published 29 Jun, 2004 12:00am
Oman Bank ratings reaffirmed

Oman Bank ratings reaffirmed

JCR-VIS Credit Rating Company Limited (JCR-VIS) has reaffirmed the medium to long-term entity rating of Oman International Bank S.A.O.G Pakistan Branches (OIBP) at 'BBB' (Triple B) with a 'Stable' outlook. The assigned short-term rating has also been reaf
Published 29 Jun, 2004 12:00am
Mother begs Hafeez's captors for his release

Mother begs Hafeez's captors for his release

The distraught mother of a local citizen kidnapped in Iraq and threatened with execution begged his captors on Monday to release him, saying he had done nothing wrong.
Published 29 Jun, 2004 12:00am
Bank holiday

Bank holiday

All the banks across the country will remain closed on July 1 (Thursday), said a circular issued by the State Bank of Pakistan.
Published 29 Jun, 2004 12:00am
Bank holiday

Bank holiday

All the banks across the country will remain closed on July 1 (Thursday), said a circular issued by the State Bank of Pakistan.
Published 29 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 Monday (June 28, 2004).
Published 29 Jun, 2004 12:00am
Politician and cop killed in IOK

Politician and cop killed in IOK

Suspected Mujahideen overnight shot dead a pro-Indian politician and a policeman in continuing violence in Indian occupied Kashmir, an occupation police spokesman said on Monday.
Published 29 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 Monday (June 28, 2004).
Published 29 Jun, 2004 12:00am
Lukoil's Iraqi field to start in 2005

Lukoil's Iraqi field to start in 2005

Russian oil major Lukoil plans to produce the first oil from Iraq's giant West Qurna field next year, the firm's chief executive Vagit Alekperov was quoted as saying on Monday.
Published 29 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 Monday (June 28, 2004).
Published 29 Jun, 2004 12:00am
Pakistan has joined war against al Qaeda: Bush

Pakistan has joined war against al Qaeda: Bush

President George Bush on Monday commended President General Pervez Musharraf for his "concerted decision" to go after al Qaeda suspects in the tribal areas.
Published 29 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 29 Jun, 2004 12:00am
Pakistan has joined war against al Qaeda: Bush

Pakistan has joined war against al Qaeda: Bush

President George Bush on Monday commended President General Pervez Musharraf for his "concerted decision" to go after al Qaeda suspects in the tribal areas.
Published 29 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 29 Jun, 2004 12:00am
Singh sends message to Musharraf

Singh sends message to Musharraf

Indian Prime Minister Manmohan Singh on Monday handed over a message to Pakistan Foreign Secretary Riaz Khokhar for President Pervez Musharraf.
Published 29 Jun, 2004 12:00am
China's copper concentrate fees rise 30 percent

China's copper concentrate fees rise 30 percent

China's top copper smelters will receive fees nearly 30 percent higher than a week ago for processing 10,000 tonnes of spot Chilean copper concentrate bought at a tender on Friday, the smelters' raw material purchasing group said on Monday.
Published 29 Jun, 2004 12:00am
Singh sends message to Musharraf

Singh sends message to Musharraf

Indian Prime Minister Manmohan Singh on Monday handed over a message to Pakistan Foreign Secretary Riaz Khokhar for President Pervez Musharraf.
Published 29 Jun, 2004 12:00am
Oil cake market rates

Oil cake market rates

The July vaida opened unchanged at Rs 489, and highest was noted at Rs 490.70. Later trading dipped and it turned lowest at Rs 489.00 white closing was seen at Rs 490.70.
Published 29 Jun, 2004 12:00am
SBP to stop issuing Rs 5 note from July 1

SBP to stop issuing Rs 5 note from July 1

State Bank of Pakistan (SBP) will stop issuance of Rs five currency notes from its all field offices from July 1, on Saturday, thus paving way for the tingling coin of the same denomination.
Published 29 Jun, 2004 12:00am
World interest rate rise risk to emerging markets: BIS

World interest rate rise risk to emerging markets: BIS

Rising global interest rates may cause strong capital flows away from emerging market countries, threatening their growth and stability, the Bank for International Settlements (BIS) said on Monday.
Published 29 Jun, 2004 12:00am
Abidjan cocoa exports up

Abidjan cocoa exports up

Cocoa beans declared for export by shippers at Ivory Coast's main port of Abidjan since the start of the 2003/04 (October-September) season reached 744,762 tonnes by June 20, official data showed on Monday.
Published 29 Jun, 2004 12:00am
World interest rate rise risk to emerging markets: BIS

World interest rate rise risk to emerging markets: BIS

Rising global interest rates may cause strong capital flows away from emerging market countries, threatening their growth and stability, the Bank for International Settlements (BIS) said on Monday.
Published 29 Jun, 2004 12:00am
Wheat down on grain market

Wheat down on grain market

Generally steady conditions obtained on the seed and grain wholesale markets, amid low business activity on Monday (June 28, 2004).
Published 29 Jun, 2004 12:00am
WTO delays ruling in Brazil-EU sugar spat

WTO delays ruling in Brazil-EU sugar spat

The World Trade Organisation (WTO) has put off a ruling in a closely watched dispute between Brazil and Brussels over European Union sugar subsidies for two months until early September.
Published 29 Jun, 2004 12:00am
Italy's data shows CPI at 2004 high on oil cost

Italy's data shows CPI at 2004 high on oil cost

Italian inflation jumped in June, bolstered by energy costs, hitting its highest level this year after 13 cities from Milan to Bari on Monday reported consumer price figures above economists' forecasts.
Published 29 Jun, 2004 12:00am
New Iraqi government seeks to improve oil security

New Iraqi government seeks to improve oil security

Iraq's new interim government, which took power on Monday may gradually be able to alleviate the sabotage attacks that have plagued the country's efforts to revive post-war oil exports.
Published 29 Jun, 2004 12:00am
China sees quick resolution to Brazilian soya problem

China sees quick resolution to Brazilian soya problem

China, the world's top soya importer, aims to quickly resolve the problem of stalled Brazilian soya cargoes hindering the $1.7 billion trade in the oilseed between the two nations, an official said on Monday.
Published 29 Jun, 2004 12:00am
Newcomers unlikely to adopt euro 2006: Commission

Newcomers unlikely to adopt euro 2006: Commission

Estonia, Lithuania and Slovenia, which joined the EU's Exchange Rate Mechanism (ERM-2) system on Sunday, are unlikely to adopt the euro before the start of 2007, the European Commission said on Monday.
Published 29 Jun, 2004 12:00am
US beef trade steady despite mad cow worry

US beef trade steady despite mad cow worry

US beef trade, particularly with Canada and Mexico, is not likely to be eroded by Friday's announcement of an "inconclusive" test for mad cow disease on one head of cattle, US Agriculture Under-secretary JB Penn said on Monday.
Published 29 Jun, 2004 12:00am
LSE index scores a century

LSE index scores a century

The Lahore Stock Exchange (LSE) welcomed the change in the political scenario of the country following resignation of Mir Zafarullah Khan Jamali from the premier-ship, backed by aggressive institutional buying, the index scored a century with a significan
Published 29 Jun, 2004 12:00am
South Africa maize stocks down

South Africa maize stocks down

South Africa's maize stocks stood at 2.81 million tonnes in May compared to 3.74 million tonnes at the same time last year, official figures showed on Monday.
Published 29 Jun, 2004 12:00am
LSE index scores a century

LSE index scores a century

The Lahore Stock Exchange (LSE) welcomed the change in the political scenario of the country following resignation of Mir Zafarullah Khan Jamali from the premier-ship, backed by aggressive institutional buying, the index scored a century with a significan
Published 29 Jun, 2004 12:00am
US cotton sowings seen down amid ideal conditions

US cotton sowings seen down amid ideal conditions

US 2004 cotton plantings should decline in the US Department of Agricultures annual sowings report, but conditions across the country's cotton belt are said to be ideal for the developing crop, analysts said Monday.
Published 29 Jun, 2004 12:00am
EU to designate Solana as future foreign minister

EU to designate Solana as future foreign minister

European Union leaders will officially designate Javier Solana as the bloc's future first foreign minister when they reappoint him as foreign policy high representative on Tuesday, an EU source said on Monday.
Published 29 Jun, 2004 12:00am
South African sugar sector wary about EU reforms

South African sugar sector wary about EU reforms

South African sugar producers were sceptical on Monday of suggestions that EU reforms will increase their access to world markets, saying current sweeping proposals were unlikely to be accepted.
Published 29 Jun, 2004 12:00am
ISE index up by 195.10 points

ISE index up by 195.10 points

Fresh buying spree in hot favourites expanded the overall turnover of Islamabad Stock Exchange (ISE) where bulls dominated the proceedings amid increase in index.
Published 29 Jun, 2004 12:00am
UK's Highland gets more Russian gold

UK's Highland gets more Russian gold

Britain's Highland Gold Mining will soon receive a 20-year licence to run two medium-size deposits in Russia's far east, adding to its fast-growing list of gold assets in Russia, the company said on Monday.
Published 29 Jun, 2004 12:00am
ISE index up by 195.10 points

ISE index up by 195.10 points

Fresh buying spree in hot favourites expanded the overall turnover of Islamabad Stock Exchange (ISE) where bulls dominated the proceedings amid increase in index.
Published 29 Jun, 2004 12:00am
US Midwest soyabean and corn bids steady to firm

US Midwest soyabean and corn bids steady to firm

Spot basis bids for soyabeans and corn were steady to firm at most US Midwest locations early on Monday as buyers tried to draw out grain from reluctant farmers, dealers said.
Published 29 Jun, 2004 12:00am
Mongolia opposition claims victory

Mongolia opposition claims victory

Mongolia's opposition democrats claimed what would be a stunning victory on Monday in parliamentary elections disputed by Prime Minister Nambaryn Enkhbayar who accused his rivals of widespread vote rigging.
Published 29 Jun, 2004 12:00am
Brazilian coffee seen dry

Brazilian coffee seen dry

Scattered showers in Parana and Sao Paulo states will give way to dry and warm weather with no risk of frost in coffee areas in the next 10 days, private forecaster Somar said on Monday.
Published 29 Jun, 2004 12:00am
Commanders discuss security, other issues

Commanders discuss security, other issues

Corps Commanders Conference was held at the General Headquarters here on Monday. President General Pervez Musharraf chaired the conference.
Published 29 Jun, 2004 12:00am
Maersk wins bid to operate Indian port

Maersk wins bid to operate Indian port

Danish shipping and oil group A. P. Moeller-Maersk has won a price bid to develop and operate an Indian shipping port, the company said on Monday.
Published 29 Jun, 2004 12:00am
Commanders discuss security, other issues

Commanders discuss security, other issues

Corps Commanders Conference was held at the General Headquarters here on Monday. President General Pervez Musharraf chaired the conference.
Published 29 Jun, 2004 12:00am
Spain will not implement farm reform

Spain will not implement farm reform

Spain will not start implementing reforms to its farm policy, agreed at European Union level last year, until January 2006, Agriculture Minister Elena Espinosa said on Monday.
Published 29 Jun, 2004 12:00am
Nepra cuts tariffs for Iesco and Gepco consumers

Nepra cuts tariffs for Iesco and Gepco consumers

National Electric Power Regulatory Authority (Nepra) here on Monday significantly reduced the power tariff for residential, commercial, industrial and agricultural consumers of the Islamabad Electric Supply Company (Iesco) and Gujranwala Electric Power Co
Published 29 Jun, 2004 12:00am
US Plains HRW wheat basis mostly steady

US Plains HRW wheat basis mostly steady

Spot hard red winter wheat basis bids in the Plains production areas and the Texas Gulf were mostly steady on Monday amid thin country selling, grain dealers said.
Published 29 Jun, 2004 12:00am
Nepra cuts tariffs for Iesco and Gepco consumers

Nepra cuts tariffs for Iesco and Gepco consumers

National Electric Power Regulatory Authority (Nepra) here on Monday significantly reduced the power tariff for residential, commercial, industrial and agricultural consumers of the Islamabad Electric Supply Company (Iesco) and Gujranwala Electric Power Co
Published 29 Jun, 2004 12:00am
European spring barley crop looking good

European spring barley crop looking good

Europe's spring barley plantings, used for malt production, are developing well but the crop could be slightly down on the year, German malt company Jochen Mautner GmbH said in a report made available on Monday.
Published 29 Jun, 2004 12:00am
Rs 40 billion mopped up in open market operation

Rs 40 billion mopped up in open market operation

The State Bank on Monday mopped up Rs 40 billion through Open Market Operation (OMO) which pushed the overnight rate for a brief period which finally dipped again.
Published 29 Jun, 2004 12:00am
Coffee market seen ready to extend advance: ICO

Coffee market seen ready to extend advance: ICO

Coffee prices may rise by up to a fifth over the next 12 months as demand in exporting countries and new markets helps the industry emerge from prolonged crisis, an industry leader said.
Published 29 Jun, 2004 12:00am
Rs 40 billion mopped up in open market operation

Rs 40 billion mopped up in open market operation

The State Bank on Monday mopped up Rs 40 billion through Open Market Operation (OMO) which pushed the overnight rate for a brief period which finally dipped again.
Published 29 Jun, 2004 12:00am
Singapore bunker fuel prices fall

Singapore bunker fuel prices fall

Singapore bunker or ship fuel prices eased on Monday under the weight of a sharp fall in crude, but traders said active buying interest helped stem losses.
Published 29 Jun, 2004 12:00am
Shipper Camillo Eitzen makes slow debut in Oslo

Shipper Camillo Eitzen makes slow debut in Oslo

Norwegian shipping group Camillo Eitzen & Co made a slow debut in Oslo on Monday, trading around the bottom of its indicative price range, valuing the firm at 1.07 billion crowns ($159.1 million).
Published 29 Jun, 2004 12:00am
Shipper Camillo Eitzen makes slow debut in Oslo

Shipper Camillo Eitzen makes slow debut in Oslo

Norwegian shipping group Camillo Eitzen & Co made a slow debut in Oslo on Monday, trading around the bottom of its indicative price range, valuing the firm at 1.07 billion crowns ($159.1 million).
Published 29 Jun, 2004 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 60,067 tonnes of cargo including 46,868 tonnes import and 13,199 tonnes export cargo during last 24 hours ending at 0700 hours on Monday.
Published 29 Jun, 2004 12:00am
Stock market turns bullish

Stock market turns bullish

Bullish flames leapt up over Karachi Stock Exchange (KSE) on Monday on the former finance minister, Shaukat Aziz, being nominated as prime minister with expectations that government's asset sale plan would speed up and help boost the economy.
Published 29 Jun, 2004 12:00am
Thai rubber slips

Thai rubber slips

Thai rubber futures ended mostly lower on Monday with 39 contracts traded, down from 53 on Friday, as the market awaited trading leads, brokers said.
Published 29 Jun, 2004 12:00am
Stock market turns bullish

Stock market turns bullish

Bullish flames leapt up over Karachi Stock Exchange (KSE) on Monday on the former finance minister, Shaukat Aziz, being nominated as prime minister with expectations that government's asset sale plan would speed up and help boost the economy.
Published 29 Jun, 2004 12:00am
PCGA and CBR talks inconclusive

PCGA and CBR talks inconclusive

Talks on Monday between Central Board of Revenue (CBR) and Pakistan Cotton Ginners Association (PCGA) ended up in a deadlock when the two sides remained pegged to their stated positions.
Published 29 Jun, 2004 12:00am
East Asian grain: trade seen slow on high stocks

East Asian grain: trade seen slow on high stocks

Japanese and Taiwanese buyers of corn and soyabeans are likely to take a low profile this week as high levels of stocks and slack domestic demand turn them cautious about making fresh import deals, traders said on Monday.
Published 29 Jun, 2004 12:00am
PCGA and CBR talks inconclusive

PCGA and CBR talks inconclusive

Talks on Monday between Central Board of Revenue (CBR) and Pakistan Cotton Ginners Association (PCGA) ended up in a deadlock when the two sides remained pegged to their stated positions.
Published 29 Jun, 2004 12:00am
Malaysia tin up

Malaysia tin up

Malaysian tin rose $30 a tonne on Monday in a technical adjustment to recent gains on the London market, dealers said.
Published 29 Jun, 2004 12:00am
PCGA and CBR talks inconclusive

PCGA and CBR talks inconclusive

Talks on Monday between Central Board of Revenue (CBR) and Pakistan Cotton Ginners Association (PCGA) ended up in a deadlock when the two sides remained pegged to their stated positions.
Published 29 Jun, 2004 12:00am
Shanghai copper rises on strong sentiment

Shanghai copper rises on strong sentiment

Shanghai copper futures climbed in sluggish trade on Monday on stronger sentiment, and the metals market has room for more gains in the near term, traders said.
Published 29 Jun, 2004 12:00am
US transfers power to Iraqi interim government

US transfers power to Iraqi interim government

The United States on Monday handed over sovereignty to an interim Iraqi government two days earlier than expected, aiming to forestall guerrilla attacks with a secretive ceremony formally ending 14 months of occupation.
Published 29 Jun, 2004 12:00am
Australian wool market likely to be stable

Australian wool market likely to be stable

The Australian wool market is likely to be stable at the last sales of the 2003/04 season this week, although a larger offering and movements in the Australian dollar could place pressure on prices, analysts said on Monday.
Published 29 Jun, 2004 12:00am
US transfers power to Iraqi interim government

US transfers power to Iraqi interim government

The United States on Monday handed over sovereignty to an interim Iraqi government two days earlier than expected, aiming to forestall guerrilla attacks with a secretive ceremony formally ending 14 months of occupation.
Published 29 Jun, 2004 12:00am
Alcotexa sells 100 tonnes of cotton

Alcotexa sells 100 tonnes of cotton

The Alexandria Cotton Exporters' Association (Alcotexa) said on Monday it sold 100 tonnes of Giza 88 in the week ended June 26.
Published 29 Jun, 2004 12:00am
Shujaat and Amin nomination papers accepted

Shujaat and Amin nomination papers accepted

The Prime Minister-designate Chaudhry Shujaat Hussain and ARD nominee for the slot of premier Makhdoom Amin Fahim on Monday filed their nomination papers, which were accepted.
Published 29 Jun, 2004 12:00am
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