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Print - 2004-08-11
HBL disbursed Rs 9.618 billion to agri sector in 2003-04

HBL disbursed Rs 9.618 billion to agri sector in 2003-04

The Habib Bank Limited has disbursed Rs 9.618 billion during 2003-04 to the agricultural sector, showing 160 percent achievement against the targeted amount of Rs 6 billion fixed by the State Bank.
Published 11 Aug, 2004 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Tuesday (August 10, 2004).

Published 11 Aug, 2004 12:00am
PTA receives 23 applications for LDI licences, 72 for WLL

PTA receives 23 applications for LDI licences, 72 for WLL

Pakistan Telecommunication Authority (PTA) has received 23 applications for long distance international (LDI) licences and 72 for wireless local loop (WLL). PTA had already awarded LDI licences to four companies, while some other applications are still un
Published 11 Aug, 2004 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Tuesday (August 10, 2004).

Published 11 Aug, 2004 12:00am
PTA receives 23 applications for LDI licences, 72 for WLL

PTA receives 23 applications for LDI licences, 72 for WLL

Pakistan Telecommunication Authority (PTA) has received 23 applications for long distance international (LDI) licences and 72 for wireless local loop (WLL). PTA had already awarded LDI licences to four companies, while some other applications are still un
Published 11 Aug, 2004 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Tuesday (August 10, 2004).

Published 11 Aug, 2004 12:00am
Quake rocks parts of country

Quake rocks parts of country

An earthquake of moderate intensity was recorded in Peshawar, Islamabad, Chitral and Lahore early Tuesday on August 10.
Published 11 Aug, 2004 12:00am
NJLI Mutual Fund Rates

NJLI Mutual Fund Rates

New Jubilee Life Insurance Mutual Fund Rates on Tuesday (August 10, 2004).

Published 11 Aug, 2004 12:00am
Quake rocks parts of country

Quake rocks parts of country

An earthquake of moderate intensity was recorded in Peshawar, Islamabad, Chitral and Lahore early Tuesday on August 10.
Published 11 Aug, 2004 12:00am
NJLI Mutual Fund Rates

NJLI Mutual Fund Rates

New Jubilee Life Insurance Mutual Fund Rates on Tuesday (August 10, 2004).

Published 11 Aug, 2004 12:00am
First shipment of 108 tons betel-nuts arrives after 2 years

First shipment of 108 tons betel-nuts arrives after 2 years

First consignment of betel-nuts arrived in Karachi after two years as importers fulfilled all conditions prescribed by the Central Board of revenue, thus helping the country to generate as much as Rs 2 billion in the current fiscal year.
Published 11 Aug, 2004 12:00am
NJLI Mutual Fund Rates

NJLI Mutual Fund Rates

New Jubilee Life Insurance Mutual Fund Rates on Tuesday (August 10, 2004).

Published 11 Aug, 2004 12:00am
Authorities expect militant backlash after crackdown

Authorities expect militant backlash after crackdown

Pakistan is bracing for a backlash from Islamic militants after its most successful crackdown on al Qaeda and local allies to date, military and civilian officials said on Tuesday.
Published 11 Aug, 2004 12:00am
Corrigendum

Corrigendum

We regret the publication of a report in Business Recorder of August 7 about imposition of central excise duty (CED) on export of dates.
Published 11 Aug, 2004 12:00am
Corrigendum

Corrigendum

We regret the publication of a report in Business Recorder of August 7 about imposition of central excise duty (CED) on export of dates.
Published 11 Aug, 2004 12:00am
Thailand and India to cut tariffs on 82 items

Thailand and India to cut tariffs on 82 items

Thailand and India have agreed to cut tariffs on a range of 82 items under a plan touted as a first real step in the creation of a free trade area between the two countries, a government spokesman said on Tuesday.
Published 11 Aug, 2004 12:00am
KSE clears Chenab's preference shares listing

KSE clears Chenab's preference shares listing

The Karachi Stock Exchange (KSE) has cleared the prospectus of cumulative non-voting preference shares of Chenab Limited, a non-listed company of the exchange, KSE Managing Director Moin Fudda said.
Published 11 Aug, 2004 12:00am
Argentina's brisk economic recovery starts to slow

Argentina's brisk economic recovery starts to slow

Booming beyond expectation for over a year, Argentina's economic recovery is losing steam with falling farm prices, a credit squeeze and economic and political jitters.
Published 11 Aug, 2004 12:00am
British Islamic bank planning to cash in on growing market

British Islamic bank planning to cash in on growing market

When the Islamic Bank of Britain (IBB) opens the doors of its first branch next month, it will be at the vanguard of a new breed of institutions aiming to cash in on the need for religiously approved finance.
Published 11 Aug, 2004 12:00am
UK inflation slows

UK inflation slows

Inflation in Britain slowed more than expected and further below its 2.0 percent target in July as furniture shops offered the biggest-ever summer discounts, but analysts still predict more interest rate hikes ahead.
Published 11 Aug, 2004 12:00am
Confidence in US economy reaches 7-month high

Confidence in US economy reaches 7-month high

US consumers mostly shrugged off recent signs of a slowing economy, as bright prospects for the rest of the year pushed confidence to a seven-month high in August, a survey said on Tuesday.
Published 11 Aug, 2004 12:00am
Bearish trend on LSE

Bearish trend on LSE

Bearish trend prevailed on the Lahore Stock Exchange (LSE) amid ascending transaction volume following the selling-pressure on account of profit-taking.
Published 11 Aug, 2004 12:00am
Bearish trend on LSE

Bearish trend on LSE

Bearish trend prevailed on the Lahore Stock Exchange (LSE) amid ascending transaction volume following the selling-pressure on account of profit-taking.
Published 11 Aug, 2004 12:00am
Israel puts brakes on guns for Palestinian police

Israel puts brakes on guns for Palestinian police

Israel has put the brakes on a plan to allow Palestinian police in the West Bank to carry arms for the first time in more than three years to deal with internal unrest, security sources said on Tuesday.
Published 11 Aug, 2004 12:00am
Bulls dominate ISE proceedings

Bulls dominate ISE proceedings

Equities continued to show healthy signs on the Islamabad Stock Exchange (ISE) where bulls commanded the proceedings under the lead of trend-setters amid the increase in index.
Published 11 Aug, 2004 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (August 10, 2004).

Published 11 Aug, 2004 12:00am
Bulls dominate ISE proceedings

Bulls dominate ISE proceedings

Equities continued to show healthy signs on the Islamabad Stock Exchange (ISE) where bulls commanded the proceedings under the lead of trend-setters amid the increase in index.
Published 11 Aug, 2004 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (August 10, 2004).

Published 11 Aug, 2004 12:00am
President tells Pakistan Railways to improve passenger service

President tells Pakistan Railways to improve passenger service

President General Pervez Musharraf directed Pakistan Railways on Tuesday to make use of its assets through public-private partnership to generate funds for speedy implementation of its improvement plans and at the same time ensure better services for pass
Published 11 Aug, 2004 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Tuesday (August 10, 2004).

Published 11 Aug, 2004 12:00am
President tells Pakistan Railways to improve passenger service

President tells Pakistan Railways to improve passenger service

President General Pervez Musharraf directed Pakistan Railways on Tuesday to make use of its assets through public-private partnership to generate funds for speedy implementation of its improvement plans and at the same time ensure better services for pass
Published 11 Aug, 2004 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Tuesday (August 10, 2004).
Published 11 Aug, 2004 12:00am
World Bank supports autonomy to CBR

World Bank supports autonomy to CBR

The World Bank (WB) has said that it has no objection if the government and tax authorities mutually agree on autonomous status to Central Board of Revenue (CBR).
Published 11 Aug, 2004 12:00am
World Bank supports autonomy to CBR

World Bank supports autonomy to CBR

The World Bank (WB) has said that it has no objection if the government and tax authorities mutually agree on autonomous status to Central Board of Revenue (CBR).
Published 11 Aug, 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 (August 10, 2004).

Published 11 Aug, 2004 12:00am
Manufacturers pledge to produce needed urea

Manufacturers pledge to produce needed urea

To address the envisaged urea shortage, Minister for Industries and Production Liaquat Ali Jatoi held meetings with various stakeholders here on Tuesday.
Published 11 Aug, 2004 12:00am
Manufacturers pledge to produce needed urea

Manufacturers pledge to produce needed urea

To address the envisaged urea shortage, Minister for Industries and Production Liaquat Ali Jatoi held meetings with various stakeholders here on Tuesday.
Published 11 Aug, 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 (August 10, 2004).

Published 11 Aug, 2004 12:00am
Profit-taking sets in on KSE

Profit-taking sets in on KSE

The share market during the second session (Tuesday) witnessed profit taking activity from local punters which clipped gains made during morning session but the volume rose sharply after brisk activity in gas and cement companies.
Published 11 Aug, 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 (August 10, 2004).

Published 11 Aug, 2004 12:00am
Profit-taking sets in on KSE

Profit-taking sets in on KSE

The share market during the second session (Tuesday) witnessed profit taking activity from local punters which clipped gains made during morning session but the volume rose sharply after brisk activity in gas and cement companies.
Published 11 Aug, 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 (August 10, 2004).

Published 11 Aug, 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 11 Aug, 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 11 Aug, 2004 12:00am
China sees to reap a record soyabean harvest

China sees to reap a record soyabean harvest

China is expected to reap a record soyabean harvest of 18 million tonnes in 2004 due to expanded acreage and good weather, according to a forecast by the official grain think-tank.
Published 11 Aug, 2004 12:00am
Reforms helped CBR achieve targets, World Bank told

Reforms helped CBR achieve targets, World Bank told

The reform process has helped the Central Board of Revenue (CBR) in achieving revenue targets during the last two years against previous financial years' when even revised targets were not met by the tax authorities.
Published 11 Aug, 2004 12:00am
Oil World raises EU rapeseed crop forecast

Oil World raises EU rapeseed crop forecast

Excellent weather means the 25 European Union states are likely to harvest 14.08 million tonnes of rapeseed this year, against 11.05 million in 2003, Hamburg-based newsletter Oil World said on Tuesday.
Published 11 Aug, 2004 12:00am
Reforms helped CBR achieve targets, World Bank told

Reforms helped CBR achieve targets, World Bank told

The reform process has helped the Central Board of Revenue (CBR) in achieving revenue targets during the last two years against previous financial years' when even revised targets were not met by the tax authorities.
Published 11 Aug, 2004 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 26,296 tonnes of cargo including 20,271 tonnes import and 6,025 tonnes export cargo during last 24 hours ending at 0700 hours on Tuesday.
Published 11 Aug, 2004 12:00am
Trade with Sri Lanka under FTA not successful

Trade with Sri Lanka under FTA not successful

Bilateral trade between Pakistan and Sri Lanka is not operating successfully under the Free Trade Agreement (FTA) due to high import duty on the imports of certain items from both the sides.
Published 11 Aug, 2004 12:00am
FOB Gulf corn and soya steady

FOB Gulf corn and soya steady

US FOB Gulf corn basis offers were steady while soyabeans were mostly weak on Monday, with both markets lacking fresh export demand, dealers said.
Published 11 Aug, 2004 12:00am
Trade with Sri Lanka under FTA not successful

Trade with Sri Lanka under FTA not successful

Bilateral trade between Pakistan and Sri Lanka is not operating successfully under the Free Trade Agreement (FTA) due to high import duty on the imports of certain items from both the sides.
Published 11 Aug, 2004 12:00am
Biometric passport: Bush delays deadline for friendly states

Biometric passport: Bush delays deadline for friendly states

US President George W. Bush has agreed to give friendly countries, whose citizens may travel to the United States without visas, an additional year to issue high-tech passports that were to have been required for visa-free visits in October, the State Dep
Published 11 Aug, 2004 12:00am
Indian Nalco seeks to sell alumina

Indian Nalco seeks to sell alumina

India's state-run National Aluminium Company (Nalco) has issued a tender to sell 30,000 tonnes of alumina, traders said on Tuesday.
Published 11 Aug, 2004 12:00am
Biometric passport: Bush delays deadline for friendly states

Biometric passport: Bush delays deadline for friendly states

US President George W. Bush has agreed to give friendly countries, whose citizens may travel to the United States without visas, an additional year to issue high-tech passports that were to have been required for visa-free visits in October, the State Dep
Published 11 Aug, 2004 12:00am
Ivory Coast cocoa prices mixed

Ivory Coast cocoa prices mixed

Average cocoa prices paid to farmers in Ivory Coast were mixed in the week of August 2-8 with supply shortages pushing prices higher in some areas and poor quality hitting prices elsewhere.
Published 11 Aug, 2004 12:00am
Bangladeshi tea prices fall

Bangladeshi tea prices fall

The average price of Bangladeshi teas dipped on poor quality despite higher demand at the weekly auction on Tuesday, brokers said.
Published 11 Aug, 2004 12:00am
Pakistani rice prices steady on dwindling stocks

Pakistani rice prices steady on dwindling stocks

Pakistani domestic rice prices were barely changed over the past week, but stocks dwindled to 30,000-40,000 tonnes from 75,000 last week, sufficient to meet local demand, dealers said.
Published 11 Aug, 2004 12:00am
PCB in good financial health: Shehryar

PCB in good financial health: Shehryar

For the first time in its history, Pakistan Cricket Board (PCB) was in good financial health and in a position to undertake development work for the promotion of the game, PCB Chairman Shehryar Khan told Business Recorder here on Tuesday.
Published 11 Aug, 2004 12:00am
US Midwest soyabean up, corn steady

US Midwest soyabean up, corn steady

Spot soyabean basis bids firmed in the US Midwest on Tuesday, reflecting strong demand from soya processors and a lack of country sales, dealers said.
Published 11 Aug, 2004 12:00am
Soomro and Sikander call on Pervaiz

Soomro and Sikander call on Pervaiz

Senate chairman Muhammadmian Soomro and Defence Minister Rao Sikandar Iqbal met Punjab Chief Minister Chaudhry Pervaiz Elahi separately here on Tuesday.
Published 11 Aug, 2004 12:00am
CBOT corn ends mostly up; crop conditions stable

CBOT corn ends mostly up; crop conditions stable

Chicago Board of Trade corn futures settled mostly higher on Monday on supportive weekly US corn export inspections, slipover support from gains in neighbouring soyabeans, and US weather worries, brokers said.
Published 11 Aug, 2004 12:00am
Superior judiciary: writ against reducing age of retirement dismissed

Superior judiciary: writ against reducing age of retirement dismissed

A division bench of Sindh High Court (SHC) comprising Chief Justice Saiyed Saeed Ashhad and Justice Syed Zawar Hussain Jaffery dismissed the petition challenging reduction in age of retirement of superior judiciary through 17th Constitutional amendments t
Published 11 Aug, 2004 12:00am
Indian sugar output seen falling in 2004-05

Indian sugar output seen falling in 2004-05

Sugar output in the world's largest sugar consuming nation India could shrink by about a million tonnes in the year from October, analysts said.
Published 11 Aug, 2004 12:00am
Call for steps to curb Hepatitis

Call for steps to curb Hepatitis

Professor Dr Yaqub Kazi of the King Edward Medical College, has called for ensuring general hygiene and availability of clean drinking water so as to check the spread of hepatitis, which is growing at an alarming ratio.
Published 11 Aug, 2004 12:00am
Oil cake market rates

Oil cake market rates

The December vaida opened 60 paisa lower at Rs 421.20 and rose by 20 paisa to claim to be the highest at Rs 421.40. Later trading depressed and it lost 30 paisa to turn lowest at Rs 420.70 and closed 30 paisa better at Rs 421.
Published 11 Aug, 2004 12:00am
Soomro lauds successful holding of ITCN Asia fair

Soomro lauds successful holding of ITCN Asia fair

Senate Chairman Mohammedmian Soomro on Tuesday said that successful holding of ITCN Asia 2004 exhibition and conference in Karachi reflects healthy and inspiring environment in the country, particularly in Karachi, and the city had indeed become the centr
Published 11 Aug, 2004 12:00am