News Archives for Print - 2004-11-24

Pakistan Investment Bond: Secondary Market Yields

PIB secondary market yield rates on Tuesday (November 23, 2004).

Published 24 Nov, 2004 12:00am

Global narcotics trade amounts to $500 billion annually

One-third of illicit money ($500 billion) is generated annually through narcotics trade globally, says 2003-04 report of Anti-Narcotics Force (ANF). The report says that Pakistan being in the wrong neighbourhood suffers badly from the 'ills of evil money'

Published 24 Nov, 2004 12:00am

Pakistan Investment Bond: Secondary Market Yields

PIB secondary market yield rates on Tuesday (November 23, 2004).

Published 24 Nov, 2004 12:00am

Asif Zardari's bail reflects impartiality of judiciary: Pervaiz

Punjab Chief Minister Chaudhry Pervaiz Elahi has said that bail of Asif Ali Zardari reflects the impartiality of the judiciary and from the day one he had full confidence in the law institutions. He expressed these views while talking to newsmen after ina

Published 24 Nov, 2004 12:00am

Pakistan Investment Bond: Secondary Market Yields

PIB secondary market yield rates on Tuesday (November 23, 2004).

Published 24 Nov, 2004 12:00am

President in uniform against Constitution: MMA

Muttahida Majlis-i-Amal (MMA) Chief and Jamaat-i-Islami (JI) Amir Qazi Hussain Ahmed on Tuesday warned that the alliance will not accept President Pervez Musharraf as legitimate president, anymore if he backed out from his promise regarding relinquishing

Published 24 Nov, 2004 12:00am

Treasury-Bills Secondary Market Yields

Treasury bills secondary market yields rate on Tuesday (November 23, 2004).

Published 24 Nov, 2004 12:00am

Body to formulate proposals for resolution of shipowners problems

Government wanted maximum participation of private sector for strengthening the shipping industry and bringing more ships under Pakistani flag and was ready to give all possible incentives and facilitation. "Prime Minister, Shaukat Aziz was keen to see hu

Published 24 Nov, 2004 12:00am

Treasury-Bills Secondary Market Yields

Treasury bills secondary market yields rate on Tuesday (November 23, 2004).

Published 24 Nov, 2004 12:00am

Australian army chief visits Indian occupied Kashmir

Suspected Mujahideen shot dead five people in occupied Kashmir, police said on Tuesday, while Australia's visiting army chief said that ideas the Indian army was using to stem insurgency in the region could be applied elsewhere. An Indian occupation force

Published 24 Nov, 2004 12:00am

Treasury-Bills Secondary Market Yields

Treasury bills secondary market yields rate on Tuesday (November 23, 2004).

Published 24 Nov, 2004 12:00am

Pakistan gives Sri Lanka $30 million credit for defence, commodities

Pakistan extended a 20-million dollar credit for Sri Lanka to make defence-related purchases while offering another 10 million dollars export credit, officials said on Tuesday. Prime Minister Shaukat Aziz ended discussion on military co-operation between

Published 24 Nov, 2004 12:00am

US treasuries bid yields

US treasuries bid yields on Tuesday (November 23, 2004).

Published 24 Nov, 2004 12:00am

'Progress on water availability issue for future reservoirs'

The Technical Committee on Water Resources on Tuesday showed some progress over the issue of water availability for the future reservoirs and is likely to develop consensus on the water availability for mega projects. "In today's meeting we have achieved

Published 24 Nov, 2004 12:00am

US treasuries bid yields

US treasuries bid yields on Tuesday (November 23, 2004).

Published 24 Nov, 2004 12:00am

Lecture

Dr Chandra Muzaffar from Malaysia will deliver a lecture on the "Interfaith Dialogue and Muslim Response" at Pearl Continental Hotel, at 4.00 pm, here on Wednesday. Dr Zafar Ishaq Ansari, Director General, Islamic Research Institute, International Islamic

Published 24 Nov, 2004 12:00am

US treasuries bid yields

US treasuries bid yields on Tuesday (November 23, 2004).

Published 24 Nov, 2004 12:00am

Rs 5 billion spent on Madaris reforms programme

Federal Education Minister, Javed Ashraf Qazi on Tuesday said that the government has almost distributed Rs 5 billion among the provinces to assist registered Madaris. He said that a three-member committee has been formed to seek assistance of Aga Khan Ed

Published 24 Nov, 2004 12:00am

US treasuries bid prices

US treasuries bid prices on Tuesday (November 23, 2004).

Published 24 Nov, 2004 12:00am

Thar coal development: Chinese firm seeks levies exemption on machinery import

Chinese company, Shenhua Group, has asked the Government of Pakistan for exemption of levies on the import of machinery to be used in the development of Thar coal, which will help in reducing the expenses of the company on power generation. An official of

Published 24 Nov, 2004 12:00am

US treasuries bid prices

US treasuries bid prices on Tuesday (November 23, 2004).

Published 24 Nov, 2004 12:00am

Thar coal development: Chinese firm seeks levies exemption on machinery import

Chinese company, Shenhua Group, has asked the Government of Pakistan for exemption of levies on the import of machinery to be used in the development of Thar coal, which will help in reducing the expenses of the company on power generation. An official of

Published 24 Nov, 2004 12:00am

US treasuries bid prices

US treasuries bid prices on Tuesday (November 23, 2004).

Published 24 Nov, 2004 12:00am

Thar coal development: Chinese firm seeks levies exemption on machinery import

Chinese company, Shenhua Group, has asked the Government of Pakistan for exemption of levies on the import of machinery to be used in the development of Thar coal, which will help in reducing the expenses of the company on power generation. An official of

Published 24 Nov, 2004 12:00am

Open market rates of foreign currencies

Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Tuesday (November 23, 2004).

Published 24 Nov, 2004 12:00am

LPG quota allocation case: Inquiry initiated against OGDCL

On the directives of President General Pervez Musharraf, the Petroleum and Natural Resources Ministry has initiated inquiry against the Oil and Gas Development Company Limited (OGDCL) into alleged allocation of LPG quota case. Sources said that the invest

Published 24 Nov, 2004 12:00am

London Interbank Offered Rates

London Interbank Offered Rates (LIBOR) on Tuesday (November 23, 2004).

Published 24 Nov, 2004 12:00am

LPG quota allocation case: Inquiry initiated against OGDCL

On the directives of President General Pervez Musharraf, the Petroleum and Natural Resources Ministry has initiated inquiry against the Oil and Gas Development Company Limited (OGDCL) into alleged allocation of LPG quota case. Sources said that the invest

Published 24 Nov, 2004 12:00am

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Tuesday (November 23, 2004).

Published 24 Nov, 2004 12:00am

Terror warning shuts US Bombay consulate

The United States closed its consulate in India's financial capital of Bombay on Tuesday, citing information about a terrorist threat, but an Indian official dismissed the possibility of an imminent attack. The consulate was shut for one day "as a precaut

Published 24 Nov, 2004 12:00am

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Tuesday (November 23, 2004).

Published 24 Nov, 2004 12:00am

Terror warning shuts US Bombay consulate

The United States closed its consulate in India's financial capital of Bombay on Tuesday, citing information about a terrorist threat, but an Indian official dismissed the possibility of an imminent attack. The consulate was shut for one day "as a precaut

Published 24 Nov, 2004 12:00am

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 (November 23, 2004).

Published 24 Nov, 2004 12:00am

Two foreign militants captured in Waziristan

Security forces on Tuesday captured two foreign militants during continuing operation in a tribal belt near the Afghan border, officials said. One suspect escaped after hurling a grenade which slightly injured four paramilitary soldiers and two civilians,

Published 24 Nov, 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 (November 23, 2004).

Published 24 Nov, 2004 12:00am

Chinese firm offers investment for PSM revamping, expansion

Chinese Metallurgical Construction Corporation (MCC) has offered investment for revamping and expansion of Pakistan Steel Mills (PSM). The offer was conveyed by a six-member MCC delegation headed by its Vice President Yang Mingde during its meeting with f

Published 24 Nov, 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 (November 23, 2004).

Published 24 Nov, 2004 12:00am

SBP to issue Rs 50 and Rs 100 notes without staples

The State Bank of Pakistan (SBP) on Tuesday decided to issue fresh bank notes of Rs 50 and Rs 100 denominations without staples but with proper banding. Accordingly, all SBP Banking Services Corporation offices/branches will issue fresh currency notes of

Published 24 Nov, 2004 12:00am

Interest rates on old and incremental FCY deposits

Interest rates on old and incremental FCY deposits on Tuesday (November 23, 2004).

Published 24 Nov, 2004 12:00am

Crosby Assets to launch three Mutual Funds

Crosby Asset Management Ltd will launch three Mutual Funds in the next 6 to 12 weeks. The CEO of Crosby Asset Management, Mumtaz Hameed, while talking to reporters after the seminar on 'Asset Banked Securities in Pakistani Context' on Tuesday stated this.

Published 24 Nov, 2004 12:00am

LIBOR calculating interest on US dollar

London Interbank Offer Rates on for calculating interest on special US dollar on Tuesday (November 23, 2004).

Published 24 Nov, 2004 12:00am

Crosby Assets to launch three Mutual Funds

Crosby Asset Management Ltd will launch three Mutual Funds in the next 6 to 12 weeks. The CEO of Crosby Asset Management, Mumtaz Hameed, while talking to reporters after the seminar on 'Asset Banked Securities in Pakistani Context' on Tuesday stated this.

Published 24 Nov, 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 (November 23, 2004).

Published 24 Nov, 2004 12:00am

World cotton output goes up to 24.4 million tons

Higher cotton prices in 2003 have boosted world production to 24.4 million tons in 2004-05, approximately 3 million tons above the 2001-02 record, exceeding consumption and leading to an increase in world ending stocks. This was stated by the visiting sta

Published 24 Nov, 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 (November 23, 2004).

Published 24 Nov, 2004 12:00am

US lauds Pakistan Navy's role in war against terror

US Secretary Navy Gordon P England, who is currently on an official visit to Pakistan, on Tuesday appreciated the role of Pakistan Navy in Coalition Maritime Campaign. He made these remarks during a visit to the Naval Headquarters here.

Published 24 Nov, 2004 12:00am

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Tuesday (November 23, 2004).

Published 24 Nov, 2004 12:00am

State minister and Sindh MPA hurt in accident

State Minister for Petroleum and Natural Resources Mohammad Naseer Mengal and Member Sindh Assembly Dr Manzoor Leghari received injuries when their car overturned on the Indus Highway at Chachar near Sehwan town on Tuesday. The minister along with MPA Dr

Published 24 Nov, 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 24 Nov, 2004 12:00am

Yushchenko declares himself president of Ukraine

Ukrainian opposition leader Viktor Yushchenko declared himself president on Tuesday during an emergency parliament session attended by his supporters and which failed to reach a quorum. With his hand on the bible, Yushchenko swore to "defend the rights an

Published 24 Nov, 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 24 Nov, 2004 12:00am

Yushchenko declares himself president of Ukraine

Ukrainian opposition leader Viktor Yushchenko declared himself president on Tuesday during an emergency parliament session attended by his supporters and which failed to reach a quorum. With his hand on the bible, Yushchenko swore to "defend the rights an

Published 24 Nov, 2004 12:00am

Karachi interbank rates

Karachi interbank rates on Tuesday (November 23, 2004).

Published 24 Nov, 2004 12:00am

EU banks upbeat on eurozone growth

The European Banking Federation painted an optimistic economic outlook for the eurozone on Tuesday, saying high oil prices and a strong euro are unlikely to stifle growth. In its semi-annual forecast, it said growth in the 12-nation single currency area c

Published 24 Nov, 2004 12:00am

Rust found in first big US soya-producing state

Soyabean rust has spread to Arkansas, the first major US soyabean-producing state infected with the contagious fungus that slashes crop production, Arkansas officials said on Monday. Arkansas is the sixth US state to be infected with the disease since it

Published 24 Nov, 2004 12:00am

Creditors push LG Group to pay most of LG Card aid

Creditors of South Korea's LG Card Co are pushing the former parent group to shoulder the bulk of a proposed 1.2 trillion won ($1.12 billion) bailout of the credit card company, a creditor official said on Tuesday.

Published 24 Nov, 2004 12:00am

Rising US farm imports to equal exports in 2005

The long-standing US trade surplus in farm goods will disappear in fiscal 2005 with agricultural imports of $56 billion matching exports, largely due to a weaker US dollar, the US Agriculture Department said on Monday. For years, the US farm community has

Published 24 Nov, 2004 12:00am

BASF cuts costs to secure future of main site

BASF has saved 350 million euros ($456.4 million) in costs at its Ludwigshafen site under a plan to secure the future of its main production site, the chemicals giant said on Tuesday. Under a deal agreed between management and workers, costs will be cut b

Published 24 Nov, 2004 12:00am

Argentina wheat sales rise in 2003-04

Argentine export commitments of 2003/04 wheat totalled 8.76 million tonnes by November 19, up from 8.64 million tonnes a week before, the local agriculture department said on Monday. By the same date last year, Argentina had sold 6.125 million tonnes of t

Published 24 Nov, 2004 12:00am

Canada's inflation rate speeds up

Canada's annual inflation rate in October sped up to 2.3 percent from 1.8 percent in September mainly on a sharp spike in gasoline prices, Statistics Canada said on Tuesday. The Bank of Canada's core inflation rate, which strips out energy and some food,

Published 24 Nov, 2004 12:00am

New York coffee advances

New York coffee futures charged ahead on Monday on speculative and fund buying coupled with little selling from producing countries amid thin volumes, traders said. "It's been really quiet. Just a lot of local activity," said a trader, referring to small

Published 24 Nov, 2004 12:00am

Bulls dominate ISE proceedings

Bulls dominated the proceedings at Islamabad Stock Exchange (ISE) where fresh buying spree in trend-setters moved the entire ready-board in upward direction amid increase in index. ISE network index was plus by 65.67 points as the price-based indicator mo

Published 24 Nov, 2004 12:00am

New York cocoa eases on speculative funds

New York cocoa futures finished down on Monday for the fifth consecutive session as speculative funds continue to take profits on ebbing worries about recent supply disruptions in top grower Ivory coast. "It's moving lower here. Beans are moving through,

Published 24 Nov, 2004 12:00am

Bulls dominate ISE proceedings

Bulls dominated the proceedings at Islamabad Stock Exchange (ISE) where fresh buying spree in trend-setters moved the entire ready-board in upward direction amid increase in index. ISE network index was plus by 65.67 points as the price-based indicator mo

Published 24 Nov, 2004 12:00am

Indian soyameal export subdued but trade optimistic

India's soyameal exports have been subdued so far this year but traders are optimistic of signing fresh deals with global prices turning favourable and renewed demand from Southeast Asia, traders said on Monday. The country sold about 50,000 tonnes of soy

Published 24 Nov, 2004 12:00am

Bullish trend prevails on LSE

Bullish trend prevailed on Lahore Stock Exchange (LSE), where increasing badla rates restricted the equities in narrow range amid low trading turnover despite positive news of improvement in Pakistan's long-term rating. The LSE-25 index showed an improvem

Published 24 Nov, 2004 12:00am

Rains gave Argentine crops a boost last week

Scattered but sometimes heavy rains in Argentina last week benefited the 2004/05 wheat crop and permitted farmers to keep seeding soybeans, corn and sunflower seeds, the government said on Monday. Farmers are already gathering wheat in Cordoba, Santa Fe a

Published 24 Nov, 2004 12:00am

Bullish trend prevails on LSE

Bullish trend prevailed on Lahore Stock Exchange (LSE), where increasing badla rates restricted the equities in narrow range amid low trading turnover despite positive news of improvement in Pakistan's long-term rating. The LSE-25 index showed an improvem

Published 24 Nov, 2004 12:00am

China soya crushers burdened by overcapacity

It was quiet at the huge soybean crushing plant in northern China, with few workers to be seen and not a patch of smoke spewing from its chimney into the blue autumn sky. Officials said the Dalian Huanong Group plant, one of China's top three domestically

Published 24 Nov, 2004 12:00am

Iraqi team meets Musharraf

The visiting defence delegation of Iraq interim government on Tuesday called on President Musharraf in Rawalpindi and apprised him of Iraq's need for training facilities to its military officers. Led by their Defence Minister, Hazem G S Al-Khuzaie, the si

Published 24 Nov, 2004 12:00am

Syria seeks 52,000 tonnes sugar

Syria's General Foreign Trade Organisation (Geza) said on Tuesday it was seeking to buy 26,000 tonnes of white sugar and 26,000 tonnes of raw sugar. Geza, the state-owned sugar and rice importer, set the shipment date for January 20-February 20. Telex off

Published 24 Nov, 2004 12:00am

Iraqi team meets Musharraf

The visiting defence delegation of Iraq interim government on Tuesday called on President Musharraf in Rawalpindi and apprised him of Iraq's need for training facilities to its military officers. Led by their Defence Minister, Hazem G S Al-Khuzaie, the si

Published 24 Nov, 2004 12:00am

Grain exports from Rouen port

Grain exports from the French port of Rouen totalled 168,349 tonnes from November 1 to 17, comprising 160,119 tonnes of wheat, 6,600 tonnes of barley and 1,630 tonnes of maize, port officials said on Tuesday. That compared with exports of 510,000 tonnes i

Published 24 Nov, 2004 12:00am

Musharraf stresses resolution of disputes for progress

President General Pervez Musharraf on Tuesday stressed that resolution of disputes was important for enhancing economic co-operation in the region. He was talking to the commerce ministers of South Asian countries, who called on him. They were accompanied

Published 24 Nov, 2004 12:00am

Singapore bunker fuel prices firm

Singapore bunker prices were stable on Tuesday on marginally higher 380-cst fuel oil cargo values. Suppliers pegged 380-cst bunker fuel oil levels at $186-$188 a tonne, unchanged from Monday. Prices for the 180-cst grades were also stable at $195-$197. "D

Published 24 Nov, 2004 12:00am

Saarc fails to finalise draft trade accords

South Asian Association of Regional Countries (Saarc) members have failed to resolve differences on four draft agreements which were expected to be finalised during the two-day (November 22-23) meeting which concluded in Islamabad on Tuesday, sources clos

Published 24 Nov, 2004 12:00am

Activity at Karachi and Qasim ports

The Karachi Port handled 112,527 tonnes of cargo including 107,627 tonnes import and 4,900 tonnes export cargo during last 24 hours ending at 0700 hours on Tuesday. The cargo comprised of 66,477 tonnes dry and 46,050 tonnes liquid cargo. Five ships namely

Published 24 Nov, 2004 12:00am

Saarc fails to finalise draft trade accords

South Asian Association of Regional Countries (Saarc) members have failed to resolve differences on four draft agreements which were expected to be finalised during the two-day (November 22-23) meeting which concluded in Islamabad on Tuesday, sources clos

Published 24 Nov, 2004 12:00am

Aluminium Bahrain to exceed output target

Aluminium Bahrain (Alba), one of the Middle East's biggest producers, said on Tuesday it expected to exceed its projected 2004 production by two percent to reach 533,000 tonnes. Alba, which produced 527,000 tonnes last year, sells around 65 percent of its

Published 24 Nov, 2004 12:00am

KSE index gains 11.93 points

Short covering heralded in heavyweights on Tuesday which helped the index to recover some of its losses at the Karachi Stock Exchange (KSE) where volume was slightly lower because of selling from some of the institutions. The KSE-100 index gained 11.93 po

Published 24 Nov, 2004 12:00am

Vietnam coffee harvest, sales to peak, rains unwanted

Sales of coffee beans in Vietnam, the world's top robusta exporter, are expected to pick up from next week amid the harvest peak while an approaching typhoon could hurt bean quality and damage trees, traders said. They said light rains, the first in sever

Published 24 Nov, 2004 12:00am

KSE index gains 11.93 points

Short covering heralded in heavyweights on Tuesday which helped the index to recover some of its losses at the Karachi Stock Exchange (KSE) where volume was slightly lower because of selling from some of the institutions. The KSE-100 index gained 11.93 po

Published 24 Nov, 2004 12:00am

Bangladeshi tea prices rise

The average price of Bangladeshi teas rose by nearly five percent to 65.09 taka ($1.09) on higher demand at the weekly tea auction on Tuesday, brokers said. "Nearly 1.43 million kg were sold at an average price of 65.09 taka per kg, up 2.91 taka from prev

Published 24 Nov, 2004 12:00am

Pakistan, India agree to continue dialogue: Shaukat and Natwar hold 'very friendly' meeting

Pakistan and India on Tuesday committed themselves to continue dialogue on Kashmir during a meeting between Prime Minister Shaukat Aziz and Indian Foreign Minister Natwar Singh described as "very friendly". "It was a very friendly, positive and forward lo

Published 24 Nov, 2004 12:00am

FOB Gulf corn slightly weaker, soya steady

US Gulf FOB corn basis levels were steady to slightly weaker Monday on a slight pickup in country movement, and soyabean basis offers were mostly steady, traders said. Nearby hard red winter wheat FOB values were firmer as some exporters bid up for high q

Published 24 Nov, 2004 12:00am

$1.4 billion injected in forex market to rescue rupee

The State Bank of Pakistan (SBP) injected $1.4 billion into forex market for rupee stabilisation during the last few months, sources in Finance Ministry told Business Recorder here on Monday. "SBP has released $1.4 billion in the market to avoid fu

Published 24 Nov, 2004 12:00am

Pakistani rice prices seen firm on export demand

Pakistani rice prices were steady in the week to Tuesday on improved supply but dealers said prices were now likely to rise on strong demand from exporters. "Prices are steady as supply rose. But demand from exporters is likely to keep the market bullish,

Published 24 Nov, 2004 12:00am

$1.4 billion injected in forex market to rescue rupee

The State Bank of Pakistan (SBP) injected $1.4 billion into forex market for rupee stabilisation during the last few months, sources in Finance Ministry told Business Recorder here on Monday. "SBP has released $1.4 billion in the market to avoid fu

Published 24 Nov, 2004 12:00am

Madagascar rice prices shoot higher

The cost of Madagascar's staple food rice has shot up almost 50 percent in a week, sparking fears of further protests in a country plagued by rampant inflation, residents and shopkeepers said on Tuesday. The latest hike - to 6,500 Malagasy Francs (Fmg) (6

Published 24 Nov, 2004 12:00am

Basel II Accord advantages highlighted

Basel II Accord has made the banking more efficient, less risk-prone and progressive in nature. This was observed in a seminar on 'Basel-II' organised by Pakistan Banks' Association on Tuesday. State Bank Governor Dr Ishrat Husain expressed hope that the

Published 24 Nov, 2004 12:00am

CBOT wheat futures down on late fund selling

A late bout of selling by commodity funds drove Chicago Board of Trade wheat futures to a lower close on Monday, traders said. Pit sources said Cargill Investor Services sold 1,000 March and Man Financial sold 500 March in the waning minutes of trade. The

Published 24 Nov, 2004 12:00am

Basel II Accord advantages highlighted

Basel II Accord has made the banking more efficient, less risk-prone and progressive in nature. This was observed in a seminar on 'Basel-II' organised by Pakistan Banks' Association on Tuesday. State Bank Governor Dr Ishrat Husain expressed hope that the

Published 24 Nov, 2004 12:00am

Global sugar demand seen rising in next decade

Global sugar demand is seen rising steadily over the next decade, with growth strongest in Asia, two industry analysts said on Tuesday. Martin Todd, director of UK constancy LMC, told a conference he expected global sugar consumption over the next decade

Published 24 Nov, 2004 12:00am

No boost to trade without Kashmir resolution, Kamal Nath told

Pakistan once again has made it clear to India that bilateral trade between the two countries cannot be enhanced till the resolution of outstanding issues including political issues like Kashmir. "President Pervez Musharraf is keen to enhance trade with I

Published 24 Nov, 2004 12:00am

Oil cake market rates

Both futures moved slightly on the forward cottonseed oilcake market on Tuesday, dealers said. The December vaida opened lower at Rs 403.00. Later, it picked up 80 paisa to be day's best at Rs 403.80. In the process of trading it lost Rs 1.20 to be day's

Published 24 Nov, 2004 12:00am

No boost to trade without Kashmir resolution, Kamal Nath told

Pakistan once again has made it clear to India that bilateral trade between the two countries cannot be enhanced till the resolution of outstanding issues including political issues like Kashmir. "President Pervez Musharraf is keen to enhance trade with I

Published 24 Nov, 2004 12:00am

Prices depict firmness on cotton market

Firmness continued in cotton market on Tuesday amid increased buying by Trading Corporation of Pakistan (TCP) and steady trend in New York cotton futures, dealers said. The official spot rate of grade 3 cotton was unchanged to Rs 1925, without upcountry e

Published 24 Nov, 2004 12:00am

Causes of fall in sales tax collection being probed

The Central Board of Revenue (CBR) has launched a countrywide investigation to identify main reasons for decrease in sales tax collection from cement manufacturers during current year. However, some Collectors of Sales Tax have correlated decrease in GST

Published 24 Nov, 2004 12:00am

Raw rubber down on Jodia Bazar

The trading on raw rubber moved down here on Jodia Bazar on Tuesday.

Published 24 Nov, 2004 12:00am

Causes of fall in sales tax collection being probed

The Central Board of Revenue (CBR) has launched a countrywide investigation to identify main reasons for decrease in sales tax collection from cement manufacturers during current year. However, some Collectors of Sales Tax have correlated decrease in GST

Published 24 Nov, 2004 12:00am

Currency	Rate
USD PKR Interbank Selling / Dec 24	278.53
USD PKR Interbank Buying / Dec 24	278.33
USD to Japanese Yen / Dec 24	157.14
USD to Swiss Franc / Dec 24	0.90
Pound Sterling to USD / Dec 24	1.25
Euro to USD / Dec 24	1.04

Stock	Volume
Germany DAX 30 / Dec 23	19,848.77
S&P 500 / Dec 24	6,040.04
India Sensex / Dec 24	78,472.87
Tokyo Nikkei / Dec 24	38,986.40
Nasdaq / Dec 24	20,031.13
Hang Seng / Dec 24	20,098.29
FTSE 100 / Dec 24	8,136.99
Dow Jones / Dec 24	43,297.03

Item	Value
Crude Oil USD/Barrel / Dec 24	70.10
Karachi Cotton PKR/37.32 KG / Dec 24	17,785
Gold 10 Grams PKR / Dec 24	240,487.70
Gold Spot USD/Ounce / Dec 24	2,616.87
Cotton US¢/pound / Dec 24	68.78
Petrol/Litre / Dec 25	252.10

Stock	Price
Sec. Inv. Bank / Dec 24 Security Investment Bank Limited(SIBL)	5.99 ▲ 1.00 (20.04%)
Next Capital / Dec 24 Next Capital Limited(NEXT)	8.90 ▲ 1.00 (12.66%)
Pak Agro Pack. (GEM) / Dec 24 Pak Agro Packaging Limited (GEM)(GEMPAPL)	9 ▲ 1.00 (12.50%)
Ghani Chem. Ind. / Dec 24 Ghani Chemical Industries Limited(GCIL)	16.13 ▲ 1.47 (10.03%)
Pak Gulf Leasing / Dec 24 Pak-Gulf Leasing Company Limited(PGLC)	14.37 ▲ 1.31 (10.03%)
Popular Islamic / Dec 24 Popular Islamic Modaraba(PIM)	15.58 ▲ 1.42 (10.03%)
Mandviwala / Dec 24 Mandviwala Mauser Plastic Industries(MWMP)	16.59 ▲ 1.51 (10.01%)
Blessed Tex. / Dec 24 Blessed Textiles Limited(BTL)	301.77 ▲ 27.43 (10.00%)
Crescent Cotton / Dec 24 Crescent Cotton Mills Limited(CCM)	55 ▲ 5.00 (10.00%)

Stock	Price
S.G.Power / Dec 24 S.G. Power Limited(SGPL)	10.58 ▼ -1.18 (-10.03%)
Olympia Mills / Dec 24 Olympia Mills Limited(OML)	36 ▼ -4.00 (-10.00%)
J.A.Textile / Dec 24 J.A. Textile Mills Limited(JATM)	33.95 ▼ -3.77 (-9.99%)
Sanghar Sugar / Dec 24 Sanghar Sugar Mills Limited(SANSM)	26.16 ▼ -2.90 (-9.98%)
I.C.C. Ind. / Dec 24 ICC Industries Limited(ICCI)	9.85 ▼ -1.07 (-9.80%)
National Silk / Dec 24 The National Silk & Rayon Mills Limited(NSRM)	50.01 ▼ -5.43 (-9.79%)
Gulshan Sp. / Dec 24 Gulshan Spinning Mills Limited(GSPM)	4.10 ▼ -0.40 (-8.89%)
Crescent Fib. / Dec 24 Crescent Fibres Limited(CFL)	40.16 ▼ -3.81 (-8.66%)
Reliance Ins. / Dec 24 Reliance Insurance Company Limited(RICL)	11.55 ▼ -1.05 (-8.33%)

Stock	Volume
WorldCall Telecom / Dec 24 Worldcall Telecom Limited(WTL)	126,573,463 ▲ 0.05
Fauji Foods Ltd / Dec 24 Fauji Foods Limited(FFL)	66,984,381 ▲ 0.49
Cnergyico PK / Dec 24 Cnergyico PK Limited(CNERGY)	66,471,663 ▼ -0.27
Pak Elektron / Dec 24 Pak Elektron Limited(PAEL)	38,651,653 ▼ -1.53
K-Electric Ltd. / Dec 24 K-Electric Limited(KEL)	36,108,956 ▼ -0.18
Sui South Gas / Dec 24 Sui Southern Gas Company Limited(SSGC)	33,467,532 ▼ -0.50
P.T.C.L. / Dec 24 Pakistan Telecommunication Company Ltd(PTC)	33,030,118 ▼ -1.31
TRG Pak Ltd / Dec 24 TRG Pakistan Limited(TRG)	29,441,264 ▲ 3.35
Pace (Pak) Ltd. / Dec 24 Pace (Pakistan) Limited(PACE)	28,106,970 ▼ -0.18

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