News Archives for Print - 2004-07-29

Interest rates on old and incremental FCY deposits

Interest rates on old and incremental FCY deposits on Wednesday (July 28, 2004).

Published 29 Jul, 2004 12:00am

Curfew re-imposed in Gujarat as fresh Hindu-Muslim clashes erupt

Indian authorities re-imposed a curfew in a riot-scarred western town on Wednesday after fresh clashes broke out between Hindus and Muslims, officials said. "We have re-imposed the curfew after an incident of stone-pelting between Hindus and Muslims," R.K

Published 29 Jul, 2004 12:00am

LIBOR calculating interest on US dollar

London Interbank Offer Rates on for calculating interest on special US dollar on Wednesday (July 28, 2004).

Published 29 Jul, 2004 12:00am

Comcast posts quarterly profit

Comcast Corp, the largest US cable operator, on Wednesday posted a better-than-expected quarterly profit, but shares fell 4 percent on a disappointing decline in cable subscribers.

Published 29 Jul, 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 Wednesday (July 28, 2004).

Published 29 Jul, 2004 12:00am

Comcast posts quarterly profit

Comcast Corp, the largest US cable operator, on Wednesday posted a better-than-expected quarterly profit, but shares fell 4 percent on a disappointing decline in cable subscribers.

Published 29 Jul, 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 Wednesday (July 28, 2004).

Published 29 Jul, 2004 12:00am

HBOS damps hopes of UK bid for Abbey

HBOS Plc Chief Executive James Crosby dampened hopes of a UK bid for Abbey National on Wednesday as he forecast strong HBOS performance in 2004 and 2005 after a rise in first-half profits.

Published 29 Jul, 2004 12:00am

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Wednesday (July 28, 2004).

Published 29 Jul, 2004 12:00am

Askari Bank''s 6-month profit may double

Askari Commercial Bank''s profit is likely to double for the six-month period ended on June 30, on account of capital gains made from stocks investments, growth in credit to private sector and branch expansion. The board meeting of Askari Commercial Bank

Published 29 Jul, 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 29 Jul, 2004 12:00am

Askari Bank's 6-month profit may double

Askari Commercial Bank's profit is likely to double for the six-month period ended on June 30, on account of capital gains made from stocks investments, growth in credit to private sector and branch expansion. The board meeting of Askari Commercial Bank (

Published 29 Jul, 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 29 Jul, 2004 12:00am

Askari Bank's 6-month profit may double

Askari Commercial Bank's profit is likely to double for the six-month period ended on June 30, on account of capital gains made from stocks investments, growth in credit to private sector and branch expansion. The board meeting of Askari Commercial Bank (

Published 29 Jul, 2004 12:00am

Karachi interbank rates

Karachi interbank rates on Wednesday (July 28, 2004).

Published 29 Jul, 2004 12:00am

Rebate cut on 655 items to help save Rs 3 billion

The Central Board of Revenue (CBR) will save approximately Rs 3 billion as a result of reduction in duty drawback rates on export of 655 items during 2004-05. In this regard, the CBR has started reduction in duty drawback rates of major sectors including

Published 29 Jul, 2004 12:00am

Cambodian rice production hits record

Cambodia produced a record rice harvest of 4.7 million tonnes in 2003/04, with a surplus of more than a million tonnes due to good weather, officials said on Wednesday. "This is the highest ever rice production in Cambodia's history because of steady rain

Published 29 Jul, 2004 12:00am

Rebate cut on 655 items to help save Rs 3 billion

The Central Board of Revenue (CBR) will save approximately Rs 3 billion as a result of reduction in duty drawback rates on export of 655 items during 2004-05. In this regard, the CBR has started reduction in duty drawback rates of major sectors including

Published 29 Jul, 2004 12:00am

Singapore bunker fuel steady

Singapore bunker prices held steady on Wednesday, with enquiries seen at a healthy volume of 8,000-10,000 tonnes, traders said. Bunker fuel oil for 380-centistoke (cst) was quoted between $183 and $186 a tonne, while 180-cst bunker fuel stood at $192/$195

Published 29 Jul, 2004 12:00am

Textile exports to EU exempted from MEP

The Collectorate of Customs (Export) has exempted textile exports to Europe and North America from minimum export price (MEP). A circular, issued by the Collectorate, has said that the manufacturers-cum-exporters, sending their goods to high tariff countr

Published 29 Jul, 2004 12:00am

Grain exports from Rouen port down

Grain exports from the French port of Rouen totalled 163,730 tonnes for July 1-21, comprising 85,545 tonnes of wheat and 78,185 tonnes of barley, port officials said on Tuesday. That compared with grain exports of 415,000 tonnes in the whole of July last

Published 29 Jul, 2004 12:00am

Textile exports to EU exempted from MEP

The Collectorate of Customs (Export) has exempted textile exports to Europe and North America from minimum export price (MEP). A circular, issued by the Collectorate, has said that the manufacturers-cum-exporters, sending their goods to high tariff countr

Published 29 Jul, 2004 12:00am

Activity at Karachi and Qasim ports

The Karachi Port handled 94,711 tonnes of cargo including 78,884 tonnes import and 15,827 tonnes export cargo during last 24 hours ending at 0700 hours on Wednesday. The cargo comprised of 43,467 tonnes dry and 51,244 tonnes liquid cargo.

Published 29 Jul, 2004 12:00am

Sales tax relief to commercial importers

Giving concession to commercial importers, the Central Board of Revenue (CBR) has allowed payment of sales tax by commercial importers on the basis of 10 percent value-addition for the consignments imported between during July 1 and 8, 2004.

Published 29 Jul, 2004 12:00am

CBOT wheat futures down

Soft red winter (SRW) wheat futures at the Chicago Board of Trade closed lower on Tuesday, with nearby September falling to a new contract low and fresh one-year low, traders said. Pressure came from quiet exports and seasonal harvest hedge pressure, they

Published 29 Jul, 2004 12:00am

Sales tax relief to commercial importers

Giving concession to commercial importers, the Central Board of Revenue (CBR) has allowed payment of sales tax by commercial importers on the basis of 10 percent value-addition for the consignments imported between during July 1 and 8, 2004.

Published 29 Jul, 2004 12:00am

Saudi Arabia strictly enforcing sea security

Oil giant Saudi Arabia has warned shippers it will ban from its ports vessels violating maritime security laws which came into effect this month, an oil industry source in the Gulf said on Wednesday. The new measures, the most comprehensive maritime clamp

Published 29 Jul, 2004 12:00am

Bulls command ISE proceedings

Fresh buying spree in heavyweights moved the entire ready-board in upward direction on the Islamabad Stock Exchange (ISE) where bulls commanded the proceedings amid increase in index. The ISE network index showed an increase of 93.49 points as the rate-ba

Published 29 Jul, 2004 12:00am

Kenyan tea mixed

Kenyan tea prices were mixed at Tuesday's auction, with top grades slightly firming as dealers sought better quality leaves, traders said. The ATB said the quantity of tea on offer continued to drop and that quality was now very mixed. The official said t

Published 29 Jul, 2004 12:00am

Bulls command ISE proceedings

Fresh buying spree in heavyweights moved the entire ready-board in upward direction on the Islamabad Stock Exchange (ISE) where bulls commanded the proceedings amid increase in index. The ISE network index showed an increase of 93.49 points as the rate-ba

Published 29 Jul, 2004 12:00am

Sri Lankan tea prices rise

Sri Lanka tea prices rose at the latest auction on Wednesday, with strong demand across the board, especially for Broken Orange Pekoe Fannings from the Western planting region. The anticipated gross sales average was 172 rupees ($1.66) per kg, from 169.96

Published 29 Jul, 2004 12:00am

Share values recover on LSE

Share values recovered on Lahore Stock Exchange (LSE) as fresh buying interest, emerging in banks and cement stocks lifted the index up, ending over week-long losing streak. The LSE-25 index rose to 2774.67 points from 2753.52 of Tuesday, registering a ne

Published 29 Jul, 2004 12:00am

Pakistan's palm oil imports down

Pakistan's palm oil imports have slowed down as soft world prices discouraged importers from placing fresh orders, dealers said on Wednesday. They said the importers would first wait to see where the palm oil prices in Malaysia are heading.

Published 29 Jul, 2004 12:00am

Share values recover on LSE

Share values recovered on Lahore Stock Exchange (LSE) as fresh buying interest, emerging in banks and cement stocks lifted the index up, ending over week-long losing streak. The LSE-25 index rose to 2774.67 points from 2753.52 of Tuesday, registering a ne

Published 29 Jul, 2004 12:00am

Brazil to make first rice export in 27 years

Brazil sold a 25,000-tonne cargo of rice for August shipment, the first rice export in 27 years, the agriculture ministry said on Tuesday.

Published 29 Jul, 2004 12:00am

Banks lead KSE rally

Renewed buying in the banking, cement and gas sectors on Wednesday helped the stock market to come out of the long bearish spell, increasing the tally of gainers as compared with losers. The KSE-100 index rose 36.93 points, or 0.69 percent, to 5351.33 as

Published 29 Jul, 2004 12:00am

US Midwest soya bids weak, corn mixed

Spot basis bids for soyabean were steady to weak early Wednesday across the US Midwest while corn basis bids were steady to mixed, dealers said.

Published 29 Jul, 2004 12:00am

Banks lead KSE rally

Renewed buying in the banking, cement and gas sectors on Wednesday helped the stock market to come out of the long bearish spell, increasing the tally of gainers as compared with losers. The KSE-100 index rose 36.93 points, or 0.69 percent, to 5351.33 as

Published 29 Jul, 2004 12:00am

FOB Gulf corn and soyabean mostly steady

US FOB Gulf corn and soyabean basis offers were mostly steady on Tuesday, with barge freight edging higher on expected grain movement from mid-August. Dealers said hard and soft red winter wheat basis values were steady, with farmer selling keeping a lid

Published 29 Jul, 2004 12:00am

Pressure for trade deal steps up

The European Union stepped up pressure on Wednesday for a global trade deal by the end of this week, warning that if World Trade Organisation (WTO) talks fail it could strike a blow to the international economy.

Published 29 Jul, 2004 12:00am

Poor monsoon rainfall not to dampen Indian gold demand

Poor monsoon rains in India are unlikely to have an immediate impact on the country's gold demand which is seen growing from mid-August with the beginning of the festival season, traders said on Wednesday.

Published 29 Jul, 2004 12:00am

Pressure for trade deal steps up

The European Union stepped up pressure on Wednesday for a global trade deal by the end of this week, warning that if World Trade Organisation (WTO) talks fail it could strike a blow to the international economy.

Published 29 Jul, 2004 12:00am

Oil cake market rates

The December vaida opened 20 paisa down at Rs 420.50. Later in subsequent trading it rose by Rs 1.10 to be the highest at Rs 421.60. The trading depressed and it lost sharply to quoted lowest at Rs 420 and rose before close of trading Rs 1.20 to Rs 421.40

Published 29 Jul, 2004 12:00am

UBL to launch Rs 500 million TFCs on August 9

United Bank would start initial public offer of Term Finance Certificates (TFCs) of Rs 500 million on August 9 and 10 which is the part of total Rs 2 billion TFCs the Bank has planned. The TFCs, which would be offered through stock exchanges, have a tenor

Published 29 Jul, 2004 12:00am

Sindh styles hot favourite on cotton market

Sindh cotton was traded on the cotton market on Wednesday as the sellers kept Punjab cotton for a buyer who can pay higher, relevant sources said. The prices combined to show downtrend which were pretty attractive for the buyers, they said. The spot rate

Published 29 Jul, 2004 12:00am

UBL to launch Rs 500 million TFCs on August 9

United Bank would start initial public offer of Term Finance Certificates (TFCs) of Rs 500 million on August 9 and 10 which is the part of total Rs 2 billion TFCs the Bank has planned. The TFCs, which would be offered through stock exchanges, have a tenor

Published 29 Jul, 2004 12:00am

Sugar down on grain market

A few changes marked on the seed and grain wholesale market, amid modest business on Wednesday (July 28, 2004).

Published 29 Jul, 2004 12:00am

UBL to launch Rs 500 million TFCs on August 9

United Bank would start initial public offer of Term Finance Certificates (TFCs) of Rs 500 million on August 9 and 10 which is the part of total Rs 2 billion TFCs the Bank has planned. The TFCs, which would be offered through stock exchanges, have a tenor

Published 29 Jul, 2004 12:00am

Modest trading seen on Jodia Bazar

Jute goods moved both ways on the Jodia Bazar where trading was modest on Wednesday (July 28, 2004).

Published 29 Jul, 2004 12:00am

G-20 informed of Pakistan's concerns on WTO

As the WTO negotiations to finalise a draft framework agreement entered a crucial stage in Geneva on Wednesday, with a major difficulty in the area of agriculture. Pakistan has also raised the issues of vital concern for the country.

Published 29 Jul, 2004 12:00am

NYBOT coffee weak

NYBOT arabica coffee futures settled on Tuesday at a fresh 3-week low on speculative and options-related sales, although brisk roaster buying pared losses in the market and should help coffee consolidate in the days ahead, brokers said.

Published 29 Jul, 2004 12:00am

G-20 informed of Pakistan's concerns on WTO

As the WTO negotiations to finalise a draft framework agreement entered a crucial stage in Geneva on Wednesday, with a major difficulty in the area of agriculture. Pakistan has also raised the issues of vital concern for the country.

Published 29 Jul, 2004 12:00am

New York cocoa firmer

NYBOT cocoa futures finished with modest gains on Tuesday, rebounding from losses as speculative buying supported the market and allowed contracts to settle just off their session highs, floor sources said. "The locals were selling it all day. They think

Published 29 Jul, 2004 12:00am

Suicide blast and clashes leave 120 dead in Iraq

At least 120 people were killed in a suicide bombing and clashes on Wednesday as Iraq's interim government marked its first month in office embroiled in deadly violence and a hostage crisis. Up to 68 were killed and dozens wounded in the morning blast in

Published 29 Jul, 2004 12:00am

NYBOT changes limit rules in cotton trading

The New York Board of Trade (NYBOT) is expanding the daily trading limit for its cotton futures. Statement, which issued on Monday said that effective July 26, the "daily trading limit on the Cotton No 2 futures contract months will be raised from 3 to 4

Published 29 Jul, 2004 12:00am

Suicide blast and clashes leave 120 dead in Iraq

At least 120 people were killed in a suicide bombing and clashes on Wednesday as Iraq's interim government marked its first month in office embroiled in deadly violence and a hostage crisis. Up to 68 were killed and dozens wounded in the morning blast in

Published 29 Jul, 2004 12:00am

USDA report on Russian grain and products

The US Agriculture Department's attache department released the following report, dated July 21, on prices of Russian grain and other products. Attache reports are not official USDA data. Grain prices continued to decrease during the past several months,

Published 29 Jul, 2004 12:00am

IMF poverty programme falls short of potential

The main poverty reduction programme of the International Monetary Fund has "fallen short of potential" in improving conditions in the world's poorest countries, an independent report said on Wednesday.

Published 29 Jul, 2004 12:00am

New York copper ends at three-week low

Comex copper futures plunged to three-week lows at Tuesdays close, as funds bailed out of positions after a surge in the dollar following upbeat US economic data, traders and analysts said.

Published 29 Jul, 2004 12:00am

Four bills to be moved in National Assembly: Prime Minister

Prime Minister Chaudhry Shujaat Hussain has said that the government will introduce four bills in the National Assembly for legislation, including the bill against the menace of honour killing, during the current session.

Published 29 Jul, 2004 12:00am

Comex gold closes near six-week low

Comex gold futures finished with notable declines dating back nearly six weeks, losses that were triggered by a surge in the dollar once US consumer confidence data came out well above forecasts, traders said on Tuesday.

Published 29 Jul, 2004 12:00am

UAE passes counter-terrorism law

The United Arab Emirates has enacted its first counter-terrorism law, imposing strict sentences for offenders, including death penalty, the official WAM news agency reported on Wednesday.

Published 29 Jul, 2004 12:00am

Tokyo precious metals buoyed by yen

Tokyo precious metals futures firmed on Wednesday, buoyed by the dollar's jump to a six-week high against the yen, although gains were limited in the face of weak spot metals prices, brokers said. Benchmark June platinum on the Tokyo Commodity Exchange (T

Published 29 Jul, 2004 12:00am

No compromise on nuclear programme: Shaukat

Finance Minister Shaukat Aziz on Wednesday categorically stated that Pakistan's nuclear and missile programmes will never be rolled back, as it guarantees the country's integrity and security.

Published 29 Jul, 2004 12:00am

Physical demand lifts gold in Asia, data eyed

Gold gained more than $1 an ounce in Asia on Wednesday, with the help of physical demand, ahead of key US data that will help set direction for the dollar. Spot gold was at $388.15/388.65 an ounce, versus $386.80/387.30 last quoted in New York on Tuesday,

Published 29 Jul, 2004 12:00am

US and Saudi Arabia discuss troops deployment to Iraq

The United States and Saudi Arabia discussed the possibility of deploying troops from Arab or Muslim nations in Iraq, Saudi Foreign Minister Saud al-Faisal said on Wednesday.

Published 29 Jul, 2004 12:00am

Shanghai copper rebounds

Shanghai copper futures rebounded on Wednesday from a three-day losing streak, but further gains will be capped by a strong dollar, traders said.

Published 29 Jul, 2004 12:00am

Huge cache of arms recovered

Rangers have recovered a huge quantity of arms and ammunitions including some foreign weapons from hideouts of some notorious outlaws and also arrested more than 12 persons.

Published 29 Jul, 2004 12:00am

Malaysian tin hits three month low

Malaysian tin price fell to a three-month low on Wednesday despite gains on the London Metal Exchange (LME), as a summer lull curbed foreign demand. The spot price on the Kuala Lumpur Tin Market ended down $15 at $8,900 a tonne, the lowest since April 29

Published 29 Jul, 2004 12:00am

'Bloody war on Europe to be launched'

The militants claiming links to al Qaeda vowed in a statement on Wednesday to launch a "bloody war" on Europe after a "truce" offered by Osama bin Laden expired earlier this month.

Published 29 Jul, 2004 12:00am

Soya mostly lower after volatile session

Chicago Board of Trade soyabean futures seesawed throughout on Tuesday's session before ending mostly lower as differing views about weather outlooks and a volatile cash basis kept traders on edge, floor brokers said.

Published 29 Jul, 2004 12:00am

Pakistani hostages executed

A militant group holding two Pakistani contractors hostage said on Wednesday it had killed the men, according to Al-Jazeera. The group, calling itself the Islamic Army in Iraq, announced in a video sent to Al-Jazeera on Monday that it had kidnapped two Pa

Published 29 Jul, 2004 12:00am

CBOT rice climbs on an oversold bounce

Rough rice futures at the Chicago Board of Trade ended higher on Tuesday on an oversold bounce, traders said. The rice market came under severe pressure on Monday, with September falling the 50-cent trading limit as funds actively liquidated long position

Published 29 Jul, 2004 12:00am

Pakistani hostages executed

A militant group holding two Pakistani contractors hostage said on Wednesday it had killed the men, according to Al-Jazeera. The group, calling itself the Islamic Army in Iraq, announced in a video sent to Al-Jazeera on Monday that it had kidnapped two Pa

Published 29 Jul, 2004 12:00am

New York sugar drifts to mixed close

NYBOT raw sugar futures settled mixed on Tuesday in activity featuring small speculators in subdued business, with the sweetener tipped to drift in a tight band given the dearth of market-moving news, dealers said.

Published 29 Jul, 2004 12:00am

Talks with India on Wullar Barrage open on July 29

Pakistan and India will resume talks for the first time in six years this week over a 19-year water dispute as nascent dialogue between the traditional foes inches forward. Officials from both sides will begin a two-day meeting in Islamabad on Thursday, a

Published 29 Jul, 2004 12:00am

Ban on Vietnamese rice exports freezes trade

The rice trade in Vietnam has ground to a standstill following a state order to halt exports after contracted volumes hit a cap of 3.5 million tonnes set for 2004, traders said on Wednesday.

Published 29 Jul, 2004 12:00am

Talks with India on Wullar Barrage open on July 29

Pakistan and India will resume talks for the first time in six years this week over a 19-year water dispute as nascent dialogue between the traditional foes inches forward. Officials from both sides will begin a two-day meeting in Islamabad on Thursday, a

Published 29 Jul, 2004 12:00am

Thai rubber up

Thai rubber futures crept higher on Wednesday as players bought contracts on expectations of a further rise in prices, brokers said.

Published 29 Jul, 2004 12:00am

Cargo vessel goes missing in rough seas

The container vessel, M.V. Ghazi with a load of cargo destined for Dubai has disappeared in rough seas. The fate of the vessel owned by a Dubai shipping company, which had left the Karachi Port on its maiden voyage on July 24, is not yet known.

Published 29 Jul, 2004 12:00am

Tokyo rubber ends mixed

Tokyo rubber futures closed mixed on Wednesday as some contracts gave up gains after currency-induced buying ran out of steam in the absence of fresh supportive factors. The benchmark January 2005 rubber contract on the Tokyo Commodity Exchange (TOCOM) se

Published 29 Jul, 2004 12:00am

Cargo vessel goes missing in rough seas

The container vessel, M.V. Ghazi with a load of cargo destined for Dubai has disappeared in rough seas. The fate of the vessel owned by a Dubai shipping company, which had left the Karachi Port on its maiden voyage on July 24, is not yet known.

Published 29 Jul, 2004 12:00am

Indian edible oil imports seen up

Edible oil imports by India, the world's top buyer, are seen rising by 800,000 to 1 million tonnes in the new oil year starting in November from an estimated 4.1 million tonnes this year due to a poor local crop, traders said on Wednesday.

Published 29 Jul, 2004 12:00am

Malaysian palm oil down in seesaw trade

Malaysian crude palm oil futures finished lower on Wednesday in see-saw dealings, with traders guessing on the market's next move. Traders said they expect trading to remain choppy as weakness in rival Chicago soyaoil was offset by concerns about a smalle

Published 29 Jul, 2004 12:00am

Norway industry outlook still positive

Norwegian business leaders' outlook for industry remained unchanged in the second quarter from the first but is still positive, a Statistics Norway survey showed on Wednesday.

Published 29 Jul, 2004 12:00am

Volvo recalls more than 100,000 cars in US

Volvo will recall more than 100,000 automobiles from the US market for controls and possible repairs after a number of car owners complained that their gas tanks were leaking, the company said on Wednesday.

Published 29 Jul, 2004 12:00am

Renault first half profits up

French auto-maker Renault rammed profits into top gear in the first half, results showed on Wednesday, and the group raced ahead on the stock market where analysts said momentum was being generated by the parent and not just from Japanese affiliate Nissan

Published 29 Jul, 2004 12:00am

Renault first half profits up

French auto-maker Renault rammed profits into top gear in the first half, results showed on Wednesday, and the group raced ahead on the stock market where analysts said momentum was being generated by the parent and not just from Japanese affiliate Nissan

Published 29 Jul, 2004 12:00am

Investor faith in Russia shaken, but not stirred

The YUKOS affair may have cast a shadow over the investment climate in Russia, but investors still love Russian bonds and are holding on to select growth stocks they see as extremely good bargains.

Published 29 Jul, 2004 12:00am

Investor faith in Russia shaken, but not stirred

The YUKOS affair may have cast a shadow over the investment climate in Russia, but investors still love Russian bonds and are holding on to select growth stocks they see as extremely good bargains.

Published 29 Jul, 2004 12:00am

Russia wants to sell Aeroflot, Svyazinvest in 2005

Russia's Economy Ministry recommended that the government sell 75 percent minus one share in telecoms holding Svyazinvest in a deal expected to bring the state at least $1 billion, officials said on Wednesday. News agency Interfax reported that the govern

Published 29 Jul, 2004 12:00am

TeliaSonera's payout plans drown out weak second quarter result

The Nordic region's biggest telecoms operator TeliaSonera promised on Wednesday to return hefty amounts of cash to investors in coming years, sending its shares higher despite reporting weak earnings.

Published 29 Jul, 2004 12:00am

TeliaSonera's payout plans drown out weak second quarter result

The Nordic region's biggest telecoms operator TeliaSonera promised on Wednesday to return hefty amounts of cash to investors in coming years, sending its shares higher despite reporting weak earnings.

Published 29 Jul, 2004 12:00am

Metso sees slight rise in 2004 operating profit

Engineering group Metso posted a better-than-expected rise in second-quarter profits on Wednesday, mainly due to efficiency improvements at its minerals unit, and slightly raised its 2004 profit forecast.

Published 29 Jul, 2004 12:00am

Metso sees slight rise in 2004 operating profit

Engineering group Metso posted a better-than-expected rise in second-quarter profits on Wednesday, mainly due to efficiency improvements at its minerals unit, and slightly raised its 2004 profit forecast.

Published 29 Jul, 2004 12:00am

Germany proposes regulator for gas and power networks

Germany's government proposed on Wednesday the creation of a new regulatory authority to oversee access to gas and electricity networks, bringing the country into line with a long-standing European Union demand. Economy Minister Wolfgang Clement told a ne

Published 29 Jul, 2004 12:00am

Sony net profit jumps 20-fold

Global consumer electronics giant Sony Corp reported Wednesday a more than 20-fold jump in net profit for the April-June quarter thanks to gains from subsidiaries including much improved Sony Ericsson, its mobile phone affiliate.

Published 29 Jul, 2004 12:00am

Sony net profit jumps 20-fold

Global consumer electronics giant Sony Corp reported Wednesday a more than 20-fold jump in net profit for the April-June quarter thanks to gains from subsidiaries including much improved Sony Ericsson, its mobile phone affiliate.

Published 29 Jul, 2004 12:00am

Cisco drops copyright lawsuit against Huawei

Cisco Systems Inc, the world's largest maker of gear that directs Internet traffic, dropped its copyright lawsuit against China's Huawei Technologies Co Ltd, the company said on Wednesday.

Published 29 Jul, 2004 12:00am

Time Warner posts higher profit

Time Warner Inc, the world's largest media company, on Wednesday posted a better-than-expected quarterly profit on higher television networks revenue and its latest "Harry Potter" movie. Time Warner, whose accounting at its AOL Europe unit has been under

Published 29 Jul, 2004 12:00am

Currency	Rate
USD PKR Interbank Selling / Nov 14	277.83
USD PKR Interbank Buying / Nov 14	277.63
USD to Japanese Yen / Nov 14	156.48
USD to Swiss Franc / Nov 14	0.89
Pound Sterling to USD / Nov 14	1.27
Euro to USD / Nov 14	1.05

Stock	Volume
S&P 500 / Nov 14	5,949.17
India Sensex / Nov 14	77,580.31
Tokyo Nikkei / Nov 14	38,759.03
Nasdaq / Nov 14	19,107.65
Hang Seng / Nov 14	19,538.26
FTSE 100 / Nov 14	8,071.19
Dow Jones / Nov 14	43,750.86
Germany DAX 30 / Nov 14	19,263.70

Item	Value
Crude Oil USD/Barrel / Nov 14	68
Karachi Cotton PKR/37.32 KG / Nov 14	18,085
Gold 10 Grams PKR / Nov 14	232,340
Gold Spot USD/Ounce / Nov 14	2,560.81
Cotton US¢/pound / Nov 14	70.04
Petrol/Litre / Nov 15	248.38

Stock	Price
786 Invest Ltd / Nov 15 786 Investments Limited(786)	6.37 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 15 Al-Abbas Sugar Mills Limited(AABS)	609.47 ▼ 0.00 (0.00%)
Agro Allianz / Nov 15 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 15 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 15 Ali Asghar Textile Mills Limited(AATM)	61.35 ▼ 0.00 (0.00%)
Allied Bank / Nov 15 Allied Bank Limited(ABL)	114.03 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 15 Abbott Laboratories (Pakistan) Limited(ABOT)	993.93 ▼ 0.00 (0.00%)
Abson Ind. / Nov 15 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 15 Alfalah Consumer Index ETF.(ACIETF)	12.31 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 15 786 Investments Limited(786)	6.37 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 15 Al-Abbas Sugar Mills Limited(AABS)	609.47 ▲ 0.00 (0.00%)
Agro Allianz / Nov 15 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 15 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 15 Ali Asghar Textile Mills Limited(AATM)	61.35 ▲ 0.00 (0.00%)
Allied Bank / Nov 15 Allied Bank Limited(ABL)	114.03 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 15 Abbott Laboratories (Pakistan) Limited(ABOT)	993.93 ▲ 0.00 (0.00%)
Abson Ind. / Nov 15 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 15 Alfalah Consumer Index ETF.(ACIETF)	12.31 ▲ 0.00 (0.00%)

Stock	Volume
WorldCall Telecom / Nov 15 Worldcall Telecom Limited(WTL)	177,393,273 ▲ 0.00
Hascol Petrol / Nov 15 Hascol Petroleum Limited(HASCOL)	59,224,094 ▲ 0.00
Treet Battery / Nov 15 Treet Battery Limited(TBL)	47,940,702 ▲ 0.00
Sui South Gas / Nov 15 Sui Southern Gas Company Limited(SSGC)	42,748,255 ▲ 0.00
Cnergyico PK / Nov 15 Cnergyico PK Limited(CNERGY)	32,665,062 ▲ 0.00
TPL Properties / Nov 15 TPL Properties Limited(TPLP)	30,497,881 ▲ 0.00
Treet Corp / Nov 15 Treet Corporation Limited(TREET)	29,734,104 ▲ 0.00
Telecard Limited / Nov 15 Telecard Limited(TELE)	29,162,423 ▲ 0.00
Pak Refinery / Nov 15 Pakistan Refinery Limited(PRL)	27,309,247 ▲ 0.00

Most Popular