News Archives for Print - 2004-10-27

Banks' rates for currency notes (buying and selling)

The selling/buying rates for currency notes of major currencies issued by National Bank (NBP) here on Tuesday (October 26, 2004).

Published 27 Oct, 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 Tuesday (October 26, 2004).

Published 27 Oct, 2004 12:00am

Flaws in draft Thar coal report identified

The draft of bankable study report on Thar coal mining, submitted by a German consultant, was discussed threadbare observing that terms of reference of study were strictly adhered to. It was noted the study greatly emphasised on power plant whereas the co

Published 27 Oct, 2004 12:00am

LIBOR calculating interest on US dollar

London Interbank Offer Rates on for calculating interest on special US dollar on Tuesday (October 26, 2004).

Published 27 Oct, 2004 12:00am

Flaws in draft Thar coal report identified

The draft of bankable study report on Thar coal mining, submitted by a German consultant, was discussed threadbare observing that terms of reference of study were strictly adhered to. It was noted the study greatly emphasised on power plant whereas the co

Published 27 Oct, 2004 12:00am

Interest rates on old and incremental FCY deposits

Interest rates on old and incremental FCY deposits on Tuesday (October 26, 2004).

Published 27 Oct, 2004 12:00am

Pak-China fertiliser plant to be reactivated

The government has decided to reactivate Pak-China fertiliser plant to meet expected shortfall of urea fertiliser in the coming Rabi season. This decision was taken at a meeting with Industries Minister Jahangir Khan Tareen in the chair here on Tuesday. M

Published 27 Oct, 2004 12:00am

Interest rates on new foreign currency deposits

Interest rates on new foreign currency deposits issued by the Treasury Management Division of National Bank of Pakistan on Tuesday (October 26, 2004).

Published 27 Oct, 2004 12:00am

Pak-China fertiliser plant to be reactivated

The government has decided to reactivate Pak-China fertiliser plant to meet expected shortfall of urea fertiliser in the coming Rabi season. This decision was taken at a meeting with Industries Minister Jahangir Khan Tareen in the chair here on Tuesday. M

Published 27 Oct, 2004 12:00am

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 (October 26, 2004).

Published 27 Oct, 2004 12:00am

Manufacturing sector shows improvement

The first quarter of the current year July-September 2004-05, registered a 22 percent increase in the cement production, 10 percent mill and non-mill cotton cloth and over 36 percent cars and jeeps production. While the auto sector was once again at the t

Published 27 Oct, 2004 12:00am

Recovery of excess refunds: more powers for tax officials under consideration

The Central Board of Revenue (CBR) is seriously considering to enhance the powers of tax officials for the recovery of excess refund amount erroneously paid to taxpayers. The CBR has drafted three notifications giving more powers to sales tax officials an

Published 27 Oct, 2004 12:00am

Manufacturing sector shows improvement

The first quarter of the current year July-September 2004-05, registered a 22 percent increase in the cement production, 10 percent mill and non-mill cotton cloth and over 36 percent cars and jeeps production. While the auto sector was once again at the t

Published 27 Oct, 2004 12:00am

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Tuesday (October 26, 2004).

Published 27 Oct, 2004 12:00am

US and China hail Pak-India talks

The United States on Tuesday welcomed "continued dialogue" between Pakistan and India on Kashmir issue, and said that it would "encourage all interested parties" to take "a careful look" at any proposal "that could advance peace in the region." Asked to c

Published 27 Oct, 2004 12:00am

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Tuesday (October 26, 2004).

Published 27 Oct, 2004 12:00am

US and China hail Pak-India talks

The United States on Tuesday welcomed "continued dialogue" between Pakistan and India on Kashmir issue, and said that it would "encourage all interested parties" to take "a careful look" at any proposal "that could advance peace in the region." Asked to c

Published 27 Oct, 2004 12:00am

Open market rates of foreign currencies

Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Tuesday (October 26, 2004).

Published 27 Oct, 2004 12:00am

India urges Pakistan to use official channels

India on Tuesday called on Pakistan to go through official channels with any fresh proposals on Kashmir, after Islamabad publicly offered new ideas to break the decades-old dispute. "We have heard those comments," Foreign Ministry spokesman Navtej Sarna t

Published 27 Oct, 2004 12:00am

NJLI Managed Growth Fund Rates

New Jubilee Life Insurance Managed Growth Fund Rates on Tuesday (October 26, 2004).

Published 27 Oct, 2004 12:00am

India urges Pakistan to use official channels

India on Tuesday called on Pakistan to go through official channels with any fresh proposals on Kashmir, after Islamabad publicly offered new ideas to break the decades-old dispute. "We have heard those comments," Foreign Ministry spokesman Navtej Sarna t

Published 27 Oct, 2004 12:00am

NJLI Managed Growth Fund Rates

New Jubilee Life Insurance Managed Growth Fund Rates on Tuesday (October 26, 2004).

Published 27 Oct, 2004 12:00am

Zimbabwe expels angry South African union team

Zimbabwe deported a South African trade union delegation on Tuesday after it arrived on a fact-finding trip despite orders from President Robert Mugabe's government to stay away.

Published 27 Oct, 2004 12:00am

South Africa daily seeks bailout, will stops presses

South Africa's embattled daily This Day will suspend publication for the rest of this week as it attempts to forge a financial rescue plan that could mean a partial sale of the paper, its chairman said on Tuesday.

Published 27 Oct, 2004 12:00am

Singapore bunker fuel prices fall

Singapore bunker prices eased on Tuesday, tracking lower 380-cst fuel oil cargo values.

Published 27 Oct, 2004 12:00am

Russia cuts industry outlook, sees CPI overshoot

The Russian government revised down its forecast for 2004 industrial output growth on Tuesday after a sharp slowdown in September and said inflation would overshoot its year-end target.

Published 27 Oct, 2004 12:00am

Grain exports from Rouen port

Grain exports from the French port of Rouen totalled 318,972 tonnes from October 1 to 20, comprising 277,386 tonnes of wheat and 41,586 tonnes of barley, port officials said on Tuesday.

Published 27 Oct, 2004 12:00am

Google's value tops Yahoo as shorts scramble

Shares of Google Inc hit a new high on Monday, giving the Web search leader a bigger market value than rival Yahoo Inc, as traders who had shorted the stock scrambled to buy back scarce shares after Google's better-than-expected quarterly results last wee

Published 27 Oct, 2004 12:00am

Kenyan coffee prices edge higher

Kenyan coffee prices gained ground at Tuesday's auction, lifted by an improvement in quality and aggressive buying by one exporter covering a short position, traders said.

Published 27 Oct, 2004 12:00am

Google's value tops Yahoo as shorts scramble

Shares of Google Inc hit a new high on Monday, giving the Web search leader a bigger market value than rival Yahoo Inc, as traders who had shorted the stock scrambled to buy back scarce shares after Google's better-than-expected quarterly results last wee

Published 27 Oct, 2004 12:00am

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (October 26, 2004).

Published 27 Oct, 2004 12:00am

UK manufacturers' confidence dips as oil soars

British manufacturers' business confidence in the three months to October deteriorated to its weakest level since the middle of last year as input prices, particularly oil, remained high, a survey showed on Tuesday.

Published 27 Oct, 2004 12:00am

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (October 26, 2004).

Published 27 Oct, 2004 12:00am

Activity at Karachi and Qasim ports

The Karachi Port handled 92,243 tonnes of cargo including 71,934 tonnes import and 20,309 tonnes export cargo during last 24 hours ending at 0700 hours on Tuesday.

Published 27 Oct, 2004 12:00am

Karachi interbank rates

Karachi interbank rates on Tuesday (October 26, 2004).

Published 27 Oct, 2004 12:00am

Income tax returns: external auditors barred from raising objections

The external auditors of the Revenue Receipt Audit will not have the authority to raise objections pertaining to income tax returns filed under Universal Self Assessment Scheme (USAS). Sources told Business Recorder here on Tuesday that income tax

Published 27 Oct, 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 27 Oct, 2004 12:00am

Income tax returns: external auditors barred from raising objections

The external auditors of the Revenue Receipt Audit will not have the authority to raise objections pertaining to income tax returns filed under Universal Self Assessment Scheme (USAS). Sources told Business Recorder here on Tuesday that income tax

Published 27 Oct, 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 27 Oct, 2004 12:00am

Recovery of excess refunds: more powers for tax officials under consideration

The Central Board of Revenue (CBR) is seriously considering to enhance the powers of tax officials for the recovery of excess refund amount erroneously paid to taxpayers. The CBR has drafted three notifications giving more powers to sales tax officials an

Published 27 Oct, 2004 12:00am

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Tuesday (October 26, 2004).

Published 27 Oct, 2004 12:00am

Recovery of excess refunds: more powers for tax officials under consideration

The Central Board of Revenue (CBR) is seriously considering to enhance the powers of tax officials for the recovery of excess refund amount erroneously paid to taxpayers. The CBR has drafted three notifications giving more powers to sales tax officials an

Published 27 Oct, 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 Tuesday (October 26, 2004).

Published 27 Oct, 2004 12:00am

EU sees oil prices spoiling eurozone growth party

Record high oil prices will cut eurozone growth next year and further sharp euro gains could make matters worse, the European Commission said on Tuesday.

Published 27 Oct, 2004 12:00am

NCHD awards for 150 students

The National Commission for Human Development (NCHD) will award 150 students and volunteers that participated in its recently held fund raiser, Telethon.

Published 27 Oct, 2004 12:00am

US MIDDAY: gold slips on consumer confidence data

COMEX gold futures retreated Tuesday morning after Monday's settlement at a near 16-year peak, as the dollar bounced from eight-month lows against the euro following glum US consumer confidence data.

Published 27 Oct, 2004 12:00am

US MIDDAY: copper gains on long liquidation

COMEX copper futures rose modestly Tuesday morning as oil prices eased and the recent spell of long liquidation seemed to dry up, traders said.

Published 27 Oct, 2004 12:00am

US MIDDAY: soyabean falls on fund short-covering

Soyabean futures at the Chicago Board of Trade fell early Tuesday in a setback after the November contract climbed 13 cents since late last week, traders said.

Published 27 Oct, 2004 12:00am

US MIDDAY: corn range-bound on short positions

Corn futures at the Chicago Board of Trade were lower but range-bound early Tuesday on a slight setback from Monday's price climb, when funds covered short positions, traders said.

Published 27 Oct, 2004 12:00am

US MIDDAY: wheat drops on profit-taking

Soft red winter wheat futures at the Chicago Board of Trade were lower early on Tuesday on profit-taking after Monday's rally, traders said.

Published 27 Oct, 2004 12:00am

US MIDDAY: sugar firmer on trade buying

NYBOT raw sugar futures closed higher Tuesday on trade buying as the market recovered from its slippage to a one-month low on Monday.

Published 27 Oct, 2004 12:00am

US MIDDAY: cocoa jumps on speculative buying

US cocoa futures posted modest gains on speculative buying Tuesday, but prices failed to move out of a persistent trading range as farmgate price talks continue in top grower Ivory Coast, traders said.

Published 27 Oct, 2004 12:00am

US MIDDAY: coffee higher on contract rollover

US coffee futures edged up on Tuesday, extending yesterday's gains amid small speculative interest and contract rollover between the two front months, traders said.

Published 27 Oct, 2004 12:00am

Gold falters in Europe as euro sags

Gold backed off in Europe on Tuesday as the market consolidated Monday's sharp euro-led gains, but dealers were still looking for bullion to shoot for a near 16-year peak beyond $430 per ounce in coming sessions.

Published 27 Oct, 2004 12:00am

LME's metals mostly higher after modest bounce

Base metals continued to recover from the previous day's sell-off during late Tuesday open-outcry trading on the London Metal Exchange (LME), with most contracts recording gains.

Published 27 Oct, 2004 12:00am

Will coffee plus conscience give prices a boost?

It's the world's second biggest commodity and it's an indispensable fuel for many, but unlike oil there are no looming shortages and prices are anything but healthy.

Published 27 Oct, 2004 12:00am

New York cotton settles mostly softer

NYBOT cotton futures finished largely softer Tuesday on light speculative sales as the market stayed in a tight band while waiting for news to give it direction on its next move, analysts said.

Published 27 Oct, 2004 12:00am

Rotterdam vegetable oil prices

Tuesday's Rotterdam vegetable oil prices (1600 GMT).

Published 27 Oct, 2004 12:00am

Rotterdam vegetable oil prices

Tuesday's Rotterdam vegetable oil prices (1600 GMT).

Published 27 Oct, 2004 12:00am

London sugar ends up

London white sugar futures closed higher on speculator short covering on Tuesday, reversing earlier losses driven by expectations New York's NYBOT raw futures would open lower, traders said.

Published 27 Oct, 2004 12:00am

Oil ends above $55 on winter supply fears

Oil prices broke above $55 a barrel on Tuesday as concern lingered over thin world heating oil supplies ahead of the northern winter. US light crude for December settled at $55.17 a barrel, up 63 cents on the day, while Brent crude in London rose 78 cents

Published 27 Oct, 2004 12:00am

Oil ends above $55 on winter supply fears

Oil prices broke above $55 a barrel on Tuesday as concern lingered over thin world heating oil supplies ahead of the northern winter. US light crude for December settled at $55.17 a barrel, up 63 cents on the day, while Brent crude in London rose 78 cents

Published 27 Oct, 2004 12:00am

EU authorises Monsanto GMO maize for import

The European Union authorised imports of a genetically modified (GMO) maize made by world biotech pioneer Monsanto on Tuesday, its second approval since lifting a five-year ban on new GMOs, officials said.

Published 27 Oct, 2004 12:00am

London cocoa up

London cocoa futures moved up while remaining within known territory on Tuesday as buying interest outweighed origin pressure, traders said.

Published 27 Oct, 2004 12:00am

Upbeat WPP perks up FTSE-100, mid-cap bid talk swirls

Advertising agency WPP Group led Britain's top shares higher on Tuesday after reporting robust revenue growth, although gains were held in check as oil titan BP dipped after raising its spending plans and as high oil prices continued to hang over the mark

Published 27 Oct, 2004 12:00am

Currency	Rate
USD PKR Interbank Selling / May 9	281.75
USD PKR Interbank Buying / May 9	281.50
USD to Japanese Yen / May 9	145.37
USD to Swiss Franc / May 9	0.83
Pound Sterling to USD / May 9	1.33
Euro to USD / May 9	1.12
UK LIBOR % / May 9	4.96

Stock	Volume
S&P 500 / May 9	5,659.91
India Sensex / May 9	79,454.47
Tokyo Nikkei / May 9	37,503.33
Nasdaq / May 9	17,928.92
Hang Seng / May 9	22,867.74
FTSE 100 / May 9	8,554.80
Dow Jones / May 9	41,249.38
Germany DAX 30 / May 9	23,499.32
France CAC40 / May 9	7,743.75

Item	Value
Crude Oil USD/Barrel / May 9	61.02
Karachi Cotton PKR/37.32 KG / May 9	16,985
Gold 10 Grams PKR / May 9	300,840
Gold Spot USD/Ounce / May 9	3,324.98
Cotton US¢/pound / May 9	66.61
Petrol/Litre / May 11	252.63
Diesel/Litre / May 11	256.64

Stock	Price
First AL-Noor Mod. / May 9 First Al-Noor Modaraba(FANM)	3 ▲ 0.67 (28.76%)
Premier Insurance / May 9 Premier Insurance Limited(PINL)	5.15 ▲ 0.72 (16.25%)
Escorts Bank / May 9 Escorts Investment Bank Limited(ESBL)	5.98 ▲ 0.83 (16.12%)
Parmount Sp. / May 9 Paramount Spinning Mills Limited(PASM)	3.22 ▲ 0.41 (14.59%)
UDL International / May 9 UDL International Limited(UDLI)	7.10 ▲ 0.85 (13.6%)
Abdullah Shah / May 9 Abdullah Shah Ghazi Sugar Mills Limited(AGSML)	5.44 ▲ 0.65 (13.57%)
Chenab Ltd (Pref) / May 9 Chenab Limited (Pref)(CLCPS)	2.05 ▲ 0.23 (12.64%)
LSE Capital / May 9 LSE Capital Limited(LSECL)	4.39 ▲ 0.48 (12.28%)
Cnergyico PK / May 9 Cnergyico PK Limited(CNERGY)	6.42 ▲ 0.7 (12.24%)
D.S. Ind. Ltd. / May 9 D.S. Industries Limited(DSIL)	3.90 ▲ 0.41 (11.75%)

Stock	Price
Cyan Limited / May 9 Cyan Limited(CYAN)	27.05 ▼ -5.03 (-15.68%)
Burj Clean Energy Modaraba / May 9 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	7.11 ▼ -1 (-12.33%)
Universal Ins. / May 9 The Universal Insurance Company Limited(UVIC)	8.25 ▼ -1 (-10.81%)
Sally Textile / May 9 Sally Textile Mills Limited(SLYT)	7.14 ▼ -0.86 (-10.75%)
Jubilee Spinning / May 9 Jubilee Spinning & Weaving Mills Ltd.(JUBS)	8.43 ▼ -0.95 (-10.13%)
At-Tahur Ltd. / May 9 At-Tahur Limited(PREMA)	42.57 ▼ -4.73 (-10%)
Khyber Tobacco / May 9 Khyber Tobacco Company Limited(KHTC)	342.26 ▼ -38.03 (-10%)
Dewan Mushtaq / May 9 Dewan Mushtaq Textile Mills Limited(DMTM)	9.29 ▼ -1.03 (-9.98%)
PIA Holding Co.Ltd / May 9 PIA Holding Company Limited(PIAHCLA)	12.23 ▼ -1.35 (-9.94%)
First Elite Cap.Mod / May 9 First Elite Capital Modaraba(FECM)	18.44 ▼ -2 (-9.78%)

Stock	Volume
WorldCall Telecom / May 9 Worldcall Telecom Limited(WTL)	47,087,025 ▲ 0.06
Cnergyico PK / May 9 Cnergyico PK Limited(CNERGY)	33,590,475 ▲ 0.7
Sui South Gas / May 9 Sui Southern Gas Company Limited(SSGC)	29,288,646 ▼ -1.53
B.O.Punjab / May 9 The Bank of Punjab(BOP)	18,310,598 ▲ 0.44
Pak Refinery / May 9 Pakistan Refinery Limited(PRL)	15,347,121 ▲ 0.3
PIA Holding Co.Ltd / May 9 PIA Holding Company Limited(PIAHCLA)	14,961,675 ▼ -1.35
Sui North Gas / May 9 Sui Northern Gas Pipelines Limited(SNGP)	14,847,660 ▲ 5.69
K-Electric Ltd. / May 9 K-Electric Limited(KEL)	14,463,181 ▲ 0.09
Maple Leaf Cement / May 9 Maple Leaf Cement Factory Limited(MLCF)	13,544,491 ▲ 2.45
Kohinoor Spining / May 9 Kohinoor Spinning Mills Limited(KOSM)	13,517,642 ▲ 0.05

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