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Print - 2004-07-07
Drug trafficking: tripartite moot stresses information sharing

Drug trafficking: tripartite moot stresses information sharing

Pakistan, Iran and Afghanistan have stressed to share information related to drugs and its traffickers among the law enforcement agencies of the three countries on monthly as well as on day to day basis to curb drug trafficking.
Published 07 Jul, 2004 12:00am
CBR concerned over non-issuance of income tax refund

CBR concerned over non-issuance of income tax refund

The Central Board of Revenue (CBR) has expressed concern over the non-issuance of income tax refund in certain salaried and corporate cases and asked the regional commissioners of income tax (RCITs) to give reasons for not complying with the CBR instructi
Published 07 Jul, 2004 12:00am
CBR concerned over non-issuance of income tax refund

CBR concerned over non-issuance of income tax refund

The Central Board of Revenue (CBR) has expressed concern over the non-issuance of income tax refund in certain salaried and corporate cases and asked the regional commissioners of income tax (RCITs) to give reasons for not complying with the CBR instructi
Published 07 Jul, 2004 12:00am
Pakistan invited to Asia economic summit

Pakistan invited to Asia economic summit

Pakistan has been invited to the second Asia economic summit, which will be held in Kuala Lumpur, Malaysia, from August 9 to 11. The theme is "securing Asia's future in an uncertain world."
Published 07 Jul, 2004 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Tuesday (July 06, 2004).
Published 07 Jul, 2004 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (July 06, 2004).
Published 07 Jul, 2004 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Tuesday (July 06, 2004).
Published 07 Jul, 2004 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (July 06, 2004).
Published 07 Jul, 2004 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Tuesday (July 06, 2004).
Published 07 Jul, 2004 12:00am
ADB-backed Afghan bank opens

ADB-backed Afghan bank opens

Backed by Asian Development Bank, Afghanistan International Bank (AIB) was officially opened on July 5, and the ADB's Board of Directors has approved 25 percent stake in AIB, while the remaining 75 percent of AIB was owned by a group of established Afghan
Published 07 Jul, 2004 12:00am
NJLI Mutual Fund Rates

NJLI Mutual Fund Rates

New Jubilee Life Insurance Mutual Fund Rates on Tuesday (July 06, 2004).
Published 07 Jul, 2004 12:00am
NJLI Mutual Fund Rates

NJLI Mutual Fund Rates

New Jubilee Life Insurance Mutual Fund Rates on Tuesday (July 06, 2004).
Published 07 Jul, 2004 12:00am
NJLI Mutual Fund Rates

NJLI Mutual Fund Rates

New Jubilee Life Insurance Mutual Fund Rates on Tuesday (July 06, 2004).
Published 07 Jul, 2004 12:00am
Trade policy likely by month-end

Trade policy likely by month-end

The new Trade Policy, for 2004-05, focusing on the challenges of globalisation, will be announced by the end of this month, sources said here on Tuesday.
Published 07 Jul, 2004 12:00am
Trade policy likely by month-end

Trade policy likely by month-end

The new Trade Policy, for 2004-05, focusing on the challenges of globalisation, will be announced by the end of this month, sources said here on Tuesday.
Published 07 Jul, 2004 12:00am
Iraqi weapons may never be found, says Blair

Iraqi weapons may never be found, says Blair

British Prime Minister Tony Blair, in a significant change of stance, said on Tuesday that he now accepted that weapons of mass destruction might never be found in Iraq.
Published 07 Jul, 2004 12:00am
Iraqi weapons may never be found, says Blair

Iraqi weapons may never be found, says Blair

British Prime Minister Tony Blair, in a significant change of stance, said on Tuesday that he now accepted that weapons of mass destruction might never be found in Iraq.
Published 07 Jul, 2004 12:00am
Customs collectors told to check under-invoicing and misdeclaration

Customs collectors told to check under-invoicing and misdeclaration

The Central Board of Revenue (CBR) has directed all collectors of customs to control the menace of under-invoicing, misdeclaration and leakage of revenue as the tax officials have removed all the procedural difficulties faced by importers.
Published 07 Jul, 2004 12:00am
Customs collectors told to check under-invoicing and misdeclaration

Customs collectors told to check under-invoicing and misdeclaration

The Central Board of Revenue (CBR) has directed all collectors of customs to control the menace of under-invoicing, misdeclaration and leakage of revenue as the tax officials have removed all the procedural difficulties faced by importers.
Published 07 Jul, 2004 12:00am
Probe ordered into tractors price hike

Probe ordered into tractors price hike

The government is understood to have ordered enquiry into the price hike by tractor manufacturers in violation of the agreement signed with the government in August 1998.
Published 07 Jul, 2004 12:00am
Probe ordered into tractors price hike

Probe ordered into tractors price hike

The government is understood to have ordered enquiry into the price hike by tractor manufacturers in violation of the agreement signed with the government in August 1998.
Published 07 Jul, 2004 12:00am
Aliens can open rupee accounts

Aliens can open rupee accounts

The State Bank of Pakistan (SBP) on Tuesday has made it clear that the registered aliens residing in Pakistan are permitted to open bank account in Pak rupee only.
Published 07 Jul, 2004 12:00am
Aliens can open rupee accounts

Aliens can open rupee accounts

The State Bank of Pakistan (SBP) on Tuesday has made it clear that the registered aliens residing in Pakistan are permitted to open bank account in Pak rupee only.
Published 07 Jul, 2004 12:00am
Look to Australia for clues on UK housing: RICS

Look to Australia for clues on UK housing: RICS

The booming British property market may follow Australia's lead and slow gradually, an industry report said on Tuesday, even as policymakers have started warning that prices could fall.
Published 07 Jul, 2004 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Tuesday (July 06, 2004).
Published 07 Jul, 2004 12:00am
Fiscal savings key to Poland's EU convergence: OECD

Fiscal savings key to Poland's EU convergence: OECD

Poland must make stabilising its public finances the centrepiece of sweeping reforms the European Union's biggest newcomer needs to continue catching up with its wealthier peers, the OECD said in a report on Tuesday.
Published 07 Jul, 2004 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Tuesday (July 06, 2004).
Published 07 Jul, 2004 12:00am
UK mortgage equity withdrawal eases: BoE

UK mortgage equity withdrawal eases: BoE

UK mortgage equity withdrawal (MEW) eased in the first quarter after hitting a record in the final three months of 2003, a report said on Tuesday, in a tentative sign that Britons' appetite for debt may be cooling.
Published 07 Jul, 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 (July 06, 2004).
Published 07 Jul, 2004 12:00am
Juncker interested in Eurogroup chair

Juncker interested in Eurogroup chair

Luxembourg Prime Minister Jean-Claude Juncker told a Luxembourg radio station on Tuesday that he would be interested in becoming chairman of the Eurogroup, the Luxembourger Wort newspaper said.
Published 07 Jul, 2004 12:00am
Sweden to revise growth forecasts

Sweden to revise growth forecasts

Economic growth has turned out to be stronger than the Swedish government expected in April and growth forecasts will be revised in the 2005 budget due in September, Finance Minister Bosse Ringholm said on Tuesday.
Published 07 Jul, 2004 12:00am
Three US marines among 14 killed in Iraq

Three US marines among 14 killed in Iraq

At least eight people were killed and 23 wounded on Tuesday in a car bomb attack in Khales, near the restive Iraqi town of Baquba, police said.
Published 07 Jul, 2004 12:00am
Three US marines among 14 killed in Iraq

Three US marines among 14 killed in Iraq

At least eight people were killed and 23 wounded on Tuesday in a car bomb attack in Khales, near the restive Iraqi town of Baquba, police said.
Published 07 Jul, 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 (July 06, 2004).
Published 07 Jul, 2004 12:00am
Lahore and Multan power firms' tariff cut

Lahore and Multan power firms' tariff cut

The National Electric Power Regularity Authority (Nepra) on Tuesday reduced power tariff of two companies, Lahore Electric Supply Company (Lesco) and Multan Electric Power Company (Mepco).
Published 07 Jul, 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 (July 06, 2004).
Published 07 Jul, 2004 12:00am
Lahore and Multan power firms' tariff cut

Lahore and Multan power firms' tariff cut

The National Electric Power Regularity Authority (Nepra) on Tuesday reduced power tariff of two companies, Lahore Electric Supply Company (Lesco) and Multan Electric Power Company (Mepco).
Published 07 Jul, 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 (July 06, 2004).
Published 07 Jul, 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 07 Jul, 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 07 Jul, 2004 12:00am
ISE: bears stage comeback

ISE: bears stage comeback

Equities showed negative signs on the Islamabad Stock Exchange (ISE) where bulls handed over the floor to the bears amid decrease in the index.
Published 07 Jul, 2004 12:00am
ISE: bears stage comeback

ISE: bears stage comeback

Equities showed negative signs on the Islamabad Stock Exchange (ISE) where bulls handed over the floor to the bears amid decrease in the index.
Published 07 Jul, 2004 12:00am
US Plains HRW wheat basis bids mostly steady

US Plains HRW wheat basis bids mostly steady

Spot cash basis bids for hard red winter wheat in the US Plains production area were mostly steady on Tuesday amid lacklustre country selling, dealers said.
Published 07 Jul, 2004 12:00am
Lahore stocks decline

Lahore stocks decline

Mixed trend prevailed on Lahore Stock Exchange (LSE) where equities registered losses under the lead of blue chips, while selling in PPL and other petroleum shares kept the investors away from buying spree on account of profit-taking.
Published 07 Jul, 2004 12:00am
Kuwait ports declared compliant with new security code

Kuwait ports declared compliant with new security code

Kuwait's three commercial ports are compliant with a tough new UN maritime security law that came into effect last week, a top official of the Kuwait Ports Authority (KPA) said on Tuesday.
Published 07 Jul, 2004 12:00am
Lahore stocks decline

Lahore stocks decline

Mixed trend prevailed on Lahore Stock Exchange (LSE) where equities registered losses under the lead of blue chips, while selling in PPL and other petroleum shares kept the investors away from buying spree on account of profit-taking.
Published 07 Jul, 2004 12:00am
Asian oil product freight strong, Europe down on supply

Asian oil product freight strong, Europe down on supply

Petroleum product tanker freight in Asia continued to firm this week on demand and a lack of vessels while prices generally fell in Europe, reflecting a slew of available ships, shipping brokers said.
Published 07 Jul, 2004 12:00am
Selling pressure erodes share values

Selling pressure erodes share values

Selling pressure both from individuals and institutions led to a small erosion at Karachi Stock Exchange on Tuesday where activity was on the lower side because of lack of interest from larger brokerage houses.
Published 07 Jul, 2004 12:00am
Indian grain stocks at 31.64 million tonnes

Indian grain stocks at 31.64 million tonnes

India had grain stocks of 31.64 million tonnes on June 1, double the buffer stock requirement of 15.8 million tonnes, a government statement said on Tuesday.
Published 07 Jul, 2004 12:00am
Selling pressure erodes share values

Selling pressure erodes share values

Selling pressure both from individuals and institutions led to a small erosion at Karachi Stock Exchange on Tuesday where activity was on the lower side because of lack of interest from larger brokerage houses.
Published 07 Jul, 2004 12:00am
Pakistani rice prices stable amid dull trade

Pakistani rice prices stable amid dull trade

Pakistani rice prices remained stable amid dull trade over the last week and exporters said on Tuesday no major activity was expected in the coming weeks as they had exhausted stocks.
Published 07 Jul, 2004 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 106,026 tonnes of cargo including 102,285 tonnes import and 3,741 tonnes export cargo during last 24 hours ending at 0700 hours on Tuesday.
Published 07 Jul, 2004 12:00am
Oil World forecasts fall in Argentine soya planting

Oil World forecasts fall in Argentine soya planting

Argentina's 2004/05 soyabean plantings are likely to fall to 14.0 million hectares from 14.4 million hectares in 2003/04 as farmers turn to grain, Hamburg-based newsletter Oil World said.
Published 07 Jul, 2004 12:00am
Treasury bills yield may rise by 25 to 35 basis points

Treasury bills yield may rise by 25 to 35 basis points

The State Bank of Pakistan has invited tenders for sale of 3-month and 12-month Government of Pakistan Market Treasury Bills worth Rs 60 billion, with settlement date on Thursday, July 8.
Published 07 Jul, 2004 12:00am
US Midwest soya bids firm, corn mixed

US Midwest soya bids firm, corn mixed

Spot basis bids for soyabeans were steady to higher in the US Midwest early on Tuesday, supported by scarce country offerings, while corn bids were steady to mixed, dealers said.
Published 07 Jul, 2004 12:00am
Treasury bills yield may rise by 25 to 35 basis points

Treasury bills yield may rise by 25 to 35 basis points

The State Bank of Pakistan has invited tenders for sale of 3-month and 12-month Government of Pakistan Market Treasury Bills worth Rs 60 billion, with settlement date on Thursday, July 8.
Published 07 Jul, 2004 12:00am
French wheat steady, eyes harvest quality

French wheat steady, eyes harvest quality

French wheat prices held steady on Tuesday amid slack export demand, an unfavourable euro/dollar exchange rate and pre-harvest worries, traders said.
Published 07 Jul, 2004 12:00am
Treasury bills yield may rise by 25 to 35 basis points

Treasury bills yield may rise by 25 to 35 basis points

The State Bank of Pakistan has invited tenders for sale of 3-month and 12-month Government of Pakistan Market Treasury Bills worth Rs 60 billion, with settlement date on Thursday, July 8.
Published 07 Jul, 2004 12:00am
Drought diminishes Cuban sugar outlook

Drought diminishes Cuban sugar outlook

Drought has dashed Cuba's plans to increase raw sugar output any time soon from the historic lows that followed the outdated industry's downsizing in 2002, though damage will depend on precipitation in the coming months, industry sources said this week.
Published 07 Jul, 2004 12:00am
US may abolish textile quotas for Pakistan

US may abolish textile quotas for Pakistan

The United States (US) has indicated to abolish textile quotas from January next and terminate visa arrangements for textile and apparel trade with Pakistan.
Published 07 Jul, 2004 12:00am
Libya buys 360,000 tonnes wheat

Libya buys 360,000 tonnes wheat

Libya's state-run National Company for Flour-milling and Fodder has bought 180,000 tonnes of soft wheat, 180,000 tonnes of durum wheat and 30,000 tonnes of feed barley in tenders that closed last week, a senior company manager said on Tuesday.
Published 07 Jul, 2004 12:00am
US may abolish textile quotas for Pakistan

US may abolish textile quotas for Pakistan

The United States (US) has indicated to abolish textile quotas from January next and terminate visa arrangements for textile and apparel trade with Pakistan.
Published 07 Jul, 2004 12:00am
Grain market prices

Grain market prices

Seed and grain wholesale market as well as cotton cakes trading reports were not comprehensible and hence details are not being published.
Published 07 Jul, 2004 12:00am
Shujaat blasts opposition's propaganda

Shujaat blasts opposition's propaganda

Prime Minister Chaudhry Shujaat Hussain has asked his political opponents to come forward with allegations against him and prime minister-designate Shaukat Aziz and file them before the returning officers so that the false propaganda being launched by the
Published 07 Jul, 2004 12:00am