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Print - 2005-01-30
Gas line detached from Pak-India talks: Shaukat

Gas line detached from Pak-India talks: Shaukat

The natural gas pipeline to India has been unbundled from everything else, said Prime Minister Shaukat Aziz in response to a question whether agreement on this project is also dependent on progress in the resolution of the Kashmir dispute between India an
Published 30 Jan, 2005 12:00am
14 EoIs received for PTCL sell-off

14 EoIs received for PTCL sell-off

The Privatisation Commission (PC) has received 14 expressions of interest (EoIs) for 26 percent shares of the Pakistan Telecommunication Company Limited (PTCL) with management control. The parties, which submitted the EoIs, included Emirates Telecommunica
Published 30 Jan, 2005 12:00am
14 EoIs received for PTCL sell-off

14 EoIs received for PTCL sell-off

The Privatisation Commission (PC) has received 14 expressions of interest (EoIs) for 26 percent shares of the Pakistan Telecommunication Company Limited (PTCL) with management control. The parties, which submitted the EoIs, included Emirates Telecommunica
Published 30 Jan, 2005 12:00am
CBR plans to register new sales taxpayers on NTN basis

CBR plans to register new sales taxpayers on NTN basis

The Central Board of Revenue (CBR) is planning to register new sales taxpayers without allocating any specific number, allowing them to carry out all sales tax and income tax-related transactions under a single National Tax Number (NTN). In another landma
Published 30 Jan, 2005 12:00am
CBR plans to register new sales taxpayers on NTN basis

CBR plans to register new sales taxpayers on NTN basis

The Central Board of Revenue (CBR) is planning to register new sales taxpayers without allocating any specific number, allowing them to carry out all sales tax and income tax-related transactions under a single National Tax Number (NTN). In another landma
Published 30 Jan, 2005 12:00am
BoI chief hints at early pact on Pak-Iran gas pipeline

BoI chief hints at early pact on Pak-Iran gas pipeline

Board of Investment (BoI) Chairman Waseem Haqqie has hinted at breakthrough in Pakistan-Iran gas pipeline deal soon. "The gas pipeline agreement with Iran is likely to be finalised soon," he said. He, however, did not give the timeframe in this regard. Sp
Published 30 Jan, 2005 12:00am
BoI chief hints at early pact on Pak-Iran gas pipeline

BoI chief hints at early pact on Pak-Iran gas pipeline

Board of Investment (BoI) Chairman Waseem Haqqie has hinted at breakthrough in Pakistan-Iran gas pipeline deal soon. "The gas pipeline agreement with Iran is likely to be finalised soon," he said. He, however, did not give the timeframe in this regard. Sp
Published 30 Jan, 2005 12:00am
Government's nod sought to import 0.1 million tons wheat

Government's nod sought to import 0.1 million tons wheat

The Trading Corporation of Pakistan (TCP) has sought permission from the government to import 0.1 million tonnes brownish wheat from Russia and Argentina, sources told Business Recorder on Saturday. The TCP, in its summary for the Economic Co-ordin
Published 30 Jan, 2005 12:00am
Government's nod sought to import 0.1 million tons wheat

Government's nod sought to import 0.1 million tons wheat

The Trading Corporation of Pakistan (TCP) has sought permission from the government to import 0.1 million tonnes brownish wheat from Russia and Argentina, sources told Business Recorder on Saturday. The TCP, in its summary for the Economic Co-ordin
Published 30 Jan, 2005 12:00am
Emirates expects to outdo record profits

Emirates expects to outdo record profits

Dubai's Emirates airline expects to exceed last year's record profits of 476 million dollars in the financial year ending March 31, its executive president said Saturday. "Despite the fuel issue, despite more recently the tsunami effect, Emirates is going
Published 30 Jan, 2005 12:00am
Emirates expects to outdo record profits

Emirates expects to outdo record profits

Dubai's Emirates airline expects to exceed last year's record profits of 476 million dollars in the financial year ending March 31, its executive president said Saturday. "Despite the fuel issue, despite more recently the tsunami effect, Emirates is going
Published 30 Jan, 2005 12:00am
World Bank and IMF assure aggressive anti-poverty fight

World Bank and IMF assure aggressive anti-poverty fight

Participating in the World Social Forum for the first time, the IMF and World Bank promised social and leftist activists on Saturday that they are increasingly heeding calls for a more aggressive fight against poverty. The groups' pledge to the gathering
Published 30 Jan, 2005 12:00am
Prime Minister convenes textile board meeting on February 1

Prime Minister convenes textile board meeting on February 1

Prime Minister Shaukat Aziz has called a meeting of the Textile Board on Tuesday in Islamabad to review the performance and problems of the textile industry which earns about 70 percent of foreign exchange, Commerce Secretary Tasneem Noorani told Busin
Published 30 Jan, 2005 12:00am
Prime Minister convenes textile board meeting on February 1

Prime Minister convenes textile board meeting on February 1

Prime Minister Shaukat Aziz has called a meeting of the Textile Board on Tuesday in Islamabad to review the performance and problems of the textile industry which earns about 70 percent of foreign exchange, Commerce Secretary Tasneem Noorani told Busin
Published 30 Jan, 2005 12:00am
''Islamic bond money to be used for debt payment''

''Islamic bond money to be used for debt payment''

Pakistan intends to become a regular issuer of international bonds after two remarkably successful experiments during the last twelve months. Advisor to Prime Minister on Finance Dr Salman Shah said on Saturday the money received from Sukuk bond issue wou
Published 30 Jan, 2005 12:00am
'Islamic bond money to be used for debt payment'

'Islamic bond money to be used for debt payment'

Pakistan intends to become a regular issuer of international bonds after two remarkably successful experiments during the last twelve months. Advisor to Prime Minister on Finance Dr Salman Shah said on Saturday the money received from Sukuk bond issue wou
Published 30 Jan, 2005 12:00am
'Islamic bond money to be used for debt payment'

'Islamic bond money to be used for debt payment'

Pakistan intends to become a regular issuer of international bonds after two remarkably successful experiments during the last twelve months. Advisor to Prime Minister on Finance Dr Salman Shah said on Saturday the money received from Sukuk bond issue wou
Published 30 Jan, 2005 12:00am
US revokes countervailing duty on Pakistani towels

US revokes countervailing duty on Pakistani towels

The United States has revoked 3.5 percent countervailing duty imposed on Pakistan's shop towels for the past two decades, official sources told Business Recorder here on Saturday. The sources said American manufacturers of shop towels did not apply
Published 30 Jan, 2005 12:00am
US revokes countervailing duty on Pakistani towels

US revokes countervailing duty on Pakistani towels

The United States has revoked 3.5 percent countervailing duty imposed on Pakistan's shop towels for the past two decades, official sources told Business Recorder here on Saturday. The sources said American manufacturers of shop towels did not apply
Published 30 Jan, 2005 12:00am
Exports and imports surge during first half

Exports and imports surge during first half

The country has invested $ 2.131 billion on imports during the first six months (July-December) of the current fiscal year as compared to $ 1.596 billion during the same period last year, showing an increase of 34 percent. According to foreign trade figur
Published 30 Jan, 2005 12:00am
Exports and imports surge during first half

Exports and imports surge during first half

The country has invested $ 2.131 billion on imports during the first six months (July-December) of the current fiscal year as compared to $ 1.596 billion during the same period last year, showing an increase of 34 percent. According to foreign trade figur
Published 30 Jan, 2005 12:00am
The Weather

The Weather

The weather report on Saturday (January 29) and the forecast for Sunday (January 30, 2005).
Published 30 Jan, 2005 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (January 29, 2005).

Published 30 Jan, 2005 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (January 29, 2005).

Published 30 Jan, 2005 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (January 29, 2005).

Published 30 Jan, 2005 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Saturay (January 29) and for Sunday (January 30, 2005).
Published 30 Jan, 2005 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Saturday (January 29, 2005).

Published 30 Jan, 2005 12:00am
Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Saturday (January 29, 2005).

Published 30 Jan, 2005 12:00am
Grain market rates

Grain market rates

Karachi grain market rates in rupees on Saturday (January 29, 2005).

Published 30 Jan, 2005 12:00am
Rates of dry fruit

Rates of dry fruit

Rates of dry fruit in rupees prevailing on the commodity markets in Karachi on Saturday (January 29, 2005).

Published 30 Jan, 2005 12:00am
Jute goods rates

Jute goods rates

Jute goods rates in rupees prevailing on the commodity markets in Karachi on Saturday (January 29, 2005).

Published 30 Jan, 2005 12:00am
Raw rubber rates

Raw rubber rates

Raw Rubber rates in rupees prevailing on the commodity markets in Karachi on Saturday (January 29, 2005).

Published 30 Jan, 2005 12:00am
Milk powder rates

Milk powder rates

Milk Powder rates in rupees prevailing on the commodity markets in Karachi on Saturday (January 29, 2005).

Published 30 Jan, 2005 12:00am
Karachi tea rates

Karachi tea rates

Tea rates in rupees prevailing on the commodity markets in Karachi on Saturday (January 29, 2005).

Published 30 Jan, 2005 12:00am
THE RUPEE: firm trend in open market

THE RUPEE: firm trend in open market

Firm trend was seen in the open market on Saturday as the rupee maintained its overnight levels versus the dollar for buying and selling at 59.25 and 59.35, dealers said. The easy supply of dollars helped the rupee show firmness in terms of the US currenc
Published 30 Jan, 2005 12:00am
THE RUPEE: firm trend in open market

THE RUPEE: firm trend in open market

Firm trend was seen in the open market on Saturday as the rupee maintained its overnight levels versus the dollar for buying and selling at 59.25 and 59.35, dealers said. The easy supply of dollars helped the rupee show firmness in terms of the US currenc
Published 30 Jan, 2005 12:00am
EFU funds rates

EFU funds rates

EFU Life Assurance Ltd announced that the Offer and Bid prices for the following funds effective from Monday January 31, 2005.

Published 30 Jan, 2005 12:00am
EFU funds rates

EFU funds rates

EFU Life Assurance Ltd announced that the Offer and Bid prices for the following funds effective from Monday January 31, 2005.

Published 30 Jan, 2005 12:00am
EFU funds rates

EFU funds rates

EFU Life Assurance Ltd announced that the Offer and Bid prices for the following funds effective from Monday January 31, 2005.

Published 30 Jan, 2005 12:00am
Rates of Pipe Fittings

Rates of Pipe Fittings

Pipe fitting rates in rupees prevailing in the markets in Karachi on Saturday (January 29, 2005).

Published 30 Jan, 2005 12:00am
Iron, steel and other metal rates

Iron, steel and other metal rates

Iron, steel and other metal rates in rupees prevailing on the commodity markets in Karachi on Saturday (January 29, 2005).

Published 30 Jan, 2005 12:00am
Automart: car prices in Karachi

Automart: car prices in Karachi

The prices of different makes and models of cars prevailing in Karachi in the week ended Saturday (January 29, 2005).

Published 30 Jan, 2005 12:00am
State Bank statement of affairs

State Bank statement of affairs

The statement of affairs of the State Bank of Pakistan, Banking Department, as on January 15, 2005.

Published 30 Jan, 2005 12:00am
State Bank statement of affairs

State Bank statement of affairs

The statement of affairs of the State Bank of Pakistan, Banking Department, as on January 15, 2005.

Published 30 Jan, 2005 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (January 29, 2005).

Published 30 Jan, 2005 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (January 29, 2005).

Published 30 Jan, 2005 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Saturday (January 29, 2005).

Published 30 Jan, 2005 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Saturday (January 29, 2005).

Published 30 Jan, 2005 12:00am
World currencies and dollar

World currencies and dollar

Value of the dollar in terms of other world currencies as prevailing in the week ended Saturday (January 29, 2005).

Published 30 Jan, 2005 12:00am
KKI closing rates of currency notes

KKI closing rates of currency notes

Khanani & Kalia International (Pvt) Limited Closing Rates of currency notes on Saturday (January 29, 2005).

Published 30 Jan, 2005 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Saturday (January 29, 2005).

Published 30 Jan, 2005 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Saturday (January 29, 2005).
Published 30 Jan, 2005 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 Saturday (January 29, 2005).

Published 30 Jan, 2005 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 Saturday (January 29, 2005).

Published 30 Jan, 2005 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 Saturday (January 29, 2005).

Published 30 Jan, 2005 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 Saturday (January 29, 2005).

Published 30 Jan, 2005 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 30 Jan, 2005 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 30 Jan, 2005 12:00am
Hong Kong's OOIL shipping revenues up in forth quarter

Hong Kong's OOIL shipping revenues up in forth quarter

Hong Kong-based container ship operator Orient Overseas (International) Ltd said revenues from its shipping business in the fourth quarter rose 28.2 percent from a year ago due to strong intra-Asia trade. OOIL, owned by the family of Hong Kong's Chief Exe
Published 30 Jan, 2005 12:00am
Hong Kong's OOIL shipping revenues up in forth quarter

Hong Kong's OOIL shipping revenues up in forth quarter

Hong Kong-based container ship operator Orient Overseas (International) Ltd said revenues from its shipping business in the fourth quarter rose 28.2 percent from a year ago due to strong intra-Asia trade. OOIL, owned by the family of Hong Kong's Chief Exe
Published 30 Jan, 2005 12:00am
Asian freight rates dip on disappointing China demand

Asian freight rates dip on disappointing China demand

Disappointing demand from China and lower-than-expected spot orders for minerals and grains dragged down shipping rates in Asia this week, brokers said. Panamax dry bulk rates for the benchmark US Gulf-Japan route were indicated at about $57-59 a tonne on
Published 30 Jan, 2005 12:00am
Chinese CIMC sees net profit higher

Chinese CIMC sees net profit higher

China's CIMC, the world's top maker of shipping containers, said on Tuesday it expected to report that a bursting order book and high container prices helped it more than triple its net profit in 2004. China International Marine Containers (CIMC) is an ar
Published 30 Jan, 2005 12:00am
Chinese CIMC sees net profit higher

Chinese CIMC sees net profit higher

China's CIMC, the world's top maker of shipping containers, said on Tuesday it expected to report that a bursting order book and high container prices helped it more than triple its net profit in 2004. China International Marine Containers (CIMC) is an ar
Published 30 Jan, 2005 12:00am
Brazilian sugar vessels line-up rises

Brazilian sugar vessels line-up rises

The line-up of vessels waiting to load sugar in Brazil's ports rose to 50 from 43 last week, shipping agent Williams said on Thursday. It said in a weekly report 28 vessels were lined up in the southern port of Santos, up from 23 last week. At Maceio in n
Published 30 Jan, 2005 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 98,231 tonnes of cargo including 80,486 tonnes import and 17,745 tonnes export cargo during last 24 hours ending at 0700 hours on Saturday. The cargo comprised of 42,628 tonnes dry cargo including 27,150 tonnes general cargo; 4,57
Published 30 Jan, 2005 12:00am
ADB approves $180 million loan to Bangladesh

ADB approves $180 million loan to Bangladesh

The Manila-based Asian Development Bank (ADB) has approved a $180 million loan to help Bangladesh recover from last year's devastating floods. "The assistance will enable rehabilitation of public and community infrastructure," the ADB said in statement ob
Published 30 Jan, 2005 12:00am
Few US firms interested in earnings tax holiday

Few US firms interested in earnings tax holiday

Only a handful of companies are so far taking advantage of a year-long US tax holiday on repatriated foreign earnings because proposed guidelines limit using the funds to directly benefit shareholders, experts said. Those showing early interest in bringin
Published 30 Jan, 2005 12:00am
New Year brings new life for German economy

New Year brings new life for German economy

Companies going on a recruitment drive, queues at consumer electronics shops, a spontaneous burst of private aid donations for tsunami flood victims - the New Year has brought new life to Germany's domestic economy. Economists picking through the entrails
Published 30 Jan, 2005 12:00am
Opec ponders over advance steps to defend oil price

Opec ponders over advance steps to defend oil price

Opec oil producers are considering possible advance measures to head off a price drop after the northern winter, the cartel's president said on Saturday. Talk in the Organisation of the Petroleum Exporting Countries, meeting on Sunday, over the possibilit
Published 30 Jan, 2005 12:00am
Microsoft and Verizon, in TV deal

Microsoft and Verizon, in TV deal

Verizon Communications Inc will use Microsoft Corp's software technology to deliver video services over high-speed data lines, the companies said late Friday. Microsoft, the world's largest software maker, also has similar deals with SBC Communications In
Published 30 Jan, 2005 12:00am
Halliburton to leave Iran after completion of work

Halliburton to leave Iran after completion of work

US oilfield services company Halliburton Co will pull out of Iran after its current contracts there are wound down, its chief executive said on Friday, citing a poor business climate in the Islamic Republic. "The business environment currently in Iran is
Published 30 Jan, 2005 12:00am
Lockheed team wins $1.7 billion US contract

Lockheed team wins $1.7 billion US contract

The US Navy on Friday gave a transatlantic team led by Lockheed Martin Corp a $1.7 billion contract to build a new fleet of 23 US presidential helicopters, a deal valued at up to $6.1 billion. The decision was a stunning setback for Connecticut-based Unit
Published 30 Jan, 2005 12:00am
Trade pacts not aimed at busting Gulf council: US

Trade pacts not aimed at busting Gulf council: US

The US hopes free trade agreements with Bahrain and other neighbours of Saudi Arabia will strengthen the Gulf Co-operation Council - not break it up, a US trade official said late Friday. "We want the GCC to succeed. We have no interest in breaking up or
Published 30 Jan, 2005 12:00am
American Express moves to protect its executives

American Express moves to protect its executives

American Express Co will cover legal costs incurred by directors facing a civil or criminal lawsuit, the company said in documents filed with regulators Friday. The bylaw amended by American Express' board of directors follows settlements early this month
Published 30 Jan, 2005 12:00am
China in no rush to reform forex regime

China in no rush to reform forex regime

China made clear on Saturday it is in no rush to reform its exchange rate regime, dashing hopes for a breakthrough on currency issues at next week's Group of Seven finance ministers' meeting. Senior officials attending the World Economic Forum in the Swis
Published 30 Jan, 2005 12:00am
G20 ministers agree to work harder for Doha pact

G20 ministers agree to work harder for Doha pact

Ministers from G20 developing countries and wealthy industrialised states agreed on Saturday to work harder to finish the complicated negotiations needed to change trade rules in favour of the poor. The trade ministers will up the frequency of their meeti
Published 30 Jan, 2005 12:00am
Taiwan and China launch historic direct flights

Taiwan and China launch historic direct flights

Taiwan and China launched historic charter flights on Saturday with commercial jets flying non-stop between the foes for the first time in more than 55 years, raising hopes for permanent air links and better ties. Starting with China Southern Airlines, si
Published 30 Jan, 2005 12:00am
CBOT rice falls

CBOT rice falls

Rough rice futures at the Chicago Board of Trade fell for the sixth straight day on Friday as the market remains technically weak and commodity funds liquidated long positions, traders said. March rice settled 3-1/2 cents lower at $6.55-1/2 per hundredwei
Published 30 Jan, 2005 12:00am
Manila seeks rice

Manila seeks rice

The Philippines will seek tenders on March 1 to buy 500,000 tonnes of rice for April/May delivery to fill a projected shortfall of between 1.1 million and 1.6 million tonnes this year, a senior official said on Friday. Gregory Tan, administrator of state
Published 30 Jan, 2005 12:00am
Malaysia needs to raise bar on palm oil stocks

Malaysia needs to raise bar on palm oil stocks

Malaysia's palm oil industry should raise its safety net to two million tonnes of stock a month since the current level of one million can easily jolt the market when output slides, an indusstry executive said on Friday Palm oil exports from Malaysia, the
Published 30 Jan, 2005 12:00am
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