News Archives for Print - 2005-03-09

Pakistan Investment Bond: Secondary Market Yields

PIB secondary market yield rates on Tuesday (March 08, 2005).

Published 09 Mar, 2005 12:00am

Islamabad does not want ''trade war'' with East Africa: minister

Commerce Minister Humayun Akhtar on Tuesday said that Pakistan does not want "trade war" with East African countries, including Kenya, for enhancing duty on rice, but they have to rationalise it for better trade relations. "I have conveyed to Kenya, Ugand

Published 09 Mar, 2005 12:00am

Pakistan Investment Bond: Secondary Market Yields

PIB secondary market yield rates on Tuesday (March 08, 2005).

Published 09 Mar, 2005 12:00am

Islamabad does not want 'trade war' with East Africa: minister

Commerce Minister Humayun Akhtar on Tuesday said that Pakistan does not want "trade war" with East African countries, including Kenya, for enhancing duty on rice, but they have to rationalise it for better trade relations. "I have conveyed to Kenya, Ugand

Published 09 Mar, 2005 12:00am

Pakistan Investment Bond: Secondary Market Yields

PIB secondary market yield rates on Tuesday (March 08, 2005).

Published 09 Mar, 2005 12:00am

Islamabad does not want 'trade war' with East Africa: minister

Commerce Minister Humayun Akhtar on Tuesday said that Pakistan does not want "trade war" with East African countries, including Kenya, for enhancing duty on rice, but they have to rationalise it for better trade relations. "I have conveyed to Kenya, Ugand

Published 09 Mar, 2005 12:00am

Treasury-Bills Secondary Market Yields

Treasury bills secondary market yields rate on Tuesday (March 08, 2005).

Published 09 Mar, 2005 12:00am

Custom collectors to be held responsible for taxation frauds

The Central Board of Revenue (CBR) has decided to hold custom collectors responsible on detection of tax fraud cases within their jurisdiction. Official sources told Business Recorder on Tuesday that it is a bold step to control tax frauds committe

Published 09 Mar, 2005 12:00am

Treasury-Bills Secondary Market Yields

Treasury bills secondary market yields rate on Tuesday (March 08, 2005).

Published 09 Mar, 2005 12:00am

Custom collectors to be held responsible for taxation frauds

The Central Board of Revenue (CBR) has decided to hold custom collectors responsible on detection of tax fraud cases within their jurisdiction. Official sources told Business Recorder on Tuesday that it is a bold step to control tax frauds committe

Published 09 Mar, 2005 12:00am

Treasury-Bills Secondary Market Yields

Treasury bills secondary market yields rate on Tuesday (March 08, 2005).

Published 09 Mar, 2005 12:00am

President takes notice of traffic jams

President General Pervez Musharraf taking strict notice of stopping of traffic in Rawalpindi and Islamabad for VVIP movement, causing inconvenience to the general public, directed concerned authorities to immediately redress the issue on both immediate an

Published 09 Mar, 2005 12:00am

US treasuries bid yields

US treasuries bid yields on Tuesday (March 08, 2005).

Published 09 Mar, 2005 12:00am

Armed forces officials briefed on Maarka-e-Baqa

Chairman Joint Chiefs of Staff Committee General Ehsan ul Haq, Vice Chief of Army Staff General Ahsan Saleem Hyat, Air Marshal Tanvir Mehmood, Vice Chief of Air Staff and a large number of other senior officers of the armed forces on Tuesday visited the N

Published 09 Mar, 2005 12:00am

US treasuries bid yields

US treasuries bid yields on Tuesday (March 08, 2005).

Published 09 Mar, 2005 12:00am

Four killed in occupied Kashmir

Suspected freedom fighters shot dead a popular ruling party politician on Tuesday in Indian occupied Kashmir while occupation soldiers killed three freedom fighters, police said. Ghulam Nabi Ganai, regional president of the governing Peoples' Democratic P

Published 09 Mar, 2005 12:00am

US treasuries bid yields

US treasuries bid yields on Tuesday (March 08, 2005).

Published 09 Mar, 2005 12:00am

ICP gets ''AA'' rating

The Pakistan Credit Rating Agency (PACRA) has assigned long-term entity rating of ''AA'' (Double A) to ICP and maintained its short-term rating at ''A1+'' (A One Plus). These ratings, applicable to senior unsecured creditors, denote a very low expectation

Published 09 Mar, 2005 12:00am

US treasuries bid prices

US treasuries bid prices on Tuesday (March 08, 2005).

Published 09 Mar, 2005 12:00am

ICP gets 'AA' rating

The Pakistan Credit Rating Agency (PACRA) has assigned long-term entity rating of 'AA' (Double A) to ICP and maintained its short-term rating at 'A1+' (A One Plus). These ratings, applicable to senior unsecured creditors, denote a very low expectation of

Published 09 Mar, 2005 12:00am

US treasuries bid prices

US treasuries bid prices on Tuesday (March 08, 2005).

Published 09 Mar, 2005 12:00am

ICP gets 'AA' rating

The Pakistan Credit Rating Agency (PACRA) has assigned long-term entity rating of 'AA' (Double A) to ICP and maintained its short-term rating at 'A1+' (A One Plus). These ratings, applicable to senior unsecured creditors, denote a very low expectation of

Published 09 Mar, 2005 12:00am

US treasuries bid prices

US treasuries bid prices on Tuesday (March 08, 2005).

Published 09 Mar, 2005 12:00am

CDA restrained from confirming hotel site auction proceedings

A single bench of Lahore High Court at Rawalpindi has asked the Capital Development Authority not to "confirm the proceedings" of its intended auction of a site for raising a new five-star hotel in Islamabad until a decision on complaints of irregularitie

Published 09 Mar, 2005 12:00am

Open market rates of foreign currencies

Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Tuesday (March 08, 2005).

Published 09 Mar, 2005 12:00am

24 arrested for rocket attacks

Twenty-four people, including five who have confessed to attacks, have been arrested in Balochistan, police said on Tuesday. The accused were rounded up during recent police raids at Killi Qamrani on the outskirts of the provincial capital, Quetta, Baloch

Published 09 Mar, 2005 12:00am

London Interbank Offered Rates

London Interbank Offered Rates (LIBOR) on Tuesday (March 08, 2005).

Published 09 Mar, 2005 12:00am

24 arrested for rocket attacks

Twenty-four people, including five who have confessed to attacks, have been arrested in Balochistan, police said on Tuesday. The accused were rounded up during recent police raids at Killi Qamrani on the outskirts of the provincial capital, Quetta, Baloch

Published 09 Mar, 2005 12:00am

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Tuesday (March 08, 2005).

Published 09 Mar, 2005 12:00am

Pakistan and Iran to conduct joint navel exercises

Pakistan and Iran, who enjoy 'long-standing brotherly' relations, will carry out joint naval exercises aimed at further strengthening ties between the navies of the two countries. "This, apart from a good opportunity for personnel of two navies to benefit

Published 09 Mar, 2005 12:00am

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Tuesday (March 08, 2005).

Published 09 Mar, 2005 12:00am

Pakistan invited to global moot in Canada

Pakistan's private and public sector business organisations have been invited to the "International conference on role of Canada in the sustainable development in Asia, Middle East, Caribbean and Africa" to be held on May 26-28, in Toronto, Canada. Global

Published 09 Mar, 2005 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 (March 08, 2005).

Published 09 Mar, 2005 12:00am

Pakistan invited to global moot in Canada

Pakistan's private and public sector business organisations have been invited to the "International conference on role of Canada in the sustainable development in Asia, Middle East, Caribbean and Africa" to be held on May 26-28, in Toronto, Canada. Global

Published 09 Mar, 2005 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 (March 08, 2005).

Published 09 Mar, 2005 12:00am

Over 180 arrested in Nepal protests

Nepali police arrested more than 180 activists, including former ministers, as they rallied across the Himalayan kingdom on Tuesday in the biggest protests since King Gyanendra seized power last month, organisers said. Dissent against the king has been ba

Published 09 Mar, 2005 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 (March 08, 2005).

Published 09 Mar, 2005 12:00am

Siemens cuts costs at mobile unit

Siemens aims to slash up to 1 billion euros ($1.32 billion) in costs this year at its loss-making mobile phones unit as it restructures the business to make it more attractive to a possible buyer or partner. Lothar Pauly, head of Siemens' telecoms divisio

Published 09 Mar, 2005 12:00am

Interest rates on old and incremental FCY deposits

Interest rates on old and incremental FCY deposits on Tuesday (March 08, 2005).

Published 09 Mar, 2005 12:00am

British Airways names Irish high-flyer as new chief

British Airways named Willie Walsh as its new chief executive on Tuesday, raising hopes the man who revived Irish state-owned carrier Aer Lingus will give fresh impetus to recovery at Europe's No 2 airline. Walsh, a former pilot, will start at British Air

Published 09 Mar, 2005 12:00am

LIBOR calculating interest on US dollar

London Interbank Offer Rates on for calculating interest on special US dollar on Tuesday (March 08, 2005).

Published 09 Mar, 2005 12:00am

EU newcomers want pension reform excluded in deficit

Hungary, Poland and Slovakia stuck to their guns on Tuesday in their battle for a change in the treatment of pension reform costs under the European Union's revamped budget deficit rules. The three states, among the biggest EU newcomers, reiterated their

Published 09 Mar, 2005 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 (March 08, 2005).

Published 09 Mar, 2005 12:00am

Nokia, operators launch Finnish mobile TV pilot

Nokia and a group of Finnish operators and media firms launched on Tuesday a pilot programme allowing users to watch television on their mobile phones in the central Helsinki area. Nokia said the 500 people in the programme would use its 7710 phone model

Published 09 Mar, 2005 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 (March 08, 2005).

Published 09 Mar, 2005 12:00am

Iran announces major oil and gas finds

Iran's oil minister announced Tuesday the Islamic republic had made two major oil and gas finds in the south of the country and near the giant South Pars offshore gas field. The new oil field, named Ramin, is situated 40 kilometres (25 miles) north-east o

Published 09 Mar, 2005 12:00am

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Tuesday (March 08, 2005).

Published 09 Mar, 2005 12:00am

Accor partners InterGlobe on Indian economy hotels

Indian travel company InterGlobe Enterprises and Accor Asia Pacific said on Tuesday they had formed a joint venture to set up economy hotels in South Asia. The new firm, InterGlobe Hotels, a 60:40 venture between InterGlobe and France's Accor, will develo

Published 09 Mar, 2005 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 09 Mar, 2005 12:00am

Top people's tax returns go missing in France

A criminal investigation was underway in France Tuesday after the disappearance of tax returns filed by prominent public figures including the daughter of President Jacques Chirac and two former prime ministers. The former finance minister Herve Gaymard,

Published 09 Mar, 2005 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 09 Mar, 2005 12:00am

Bulls stage comeback on ISE

: Bulls returned in the driving seat at the 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 showed an increase of 96.96 points as the rate-

Published 09 Mar, 2005 12:00am

Karachi interbank rates

Karachi interbank rates on Tuesday (March 08, 2005).

Published 09 Mar, 2005 12:00am

Bulls stage comeback on ISE

: Bulls returned in the driving seat at the 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 showed an increase of 96.96 points as the rate-

Published 09 Mar, 2005 12:00am

Japan to buy wheat at tenders

Japan's Agriculture Ministry said on Tuesday it planned to buy 110,000 tonnes of feed wheat and 1 million tonnes of feed barley in the fiscal year beginning in April at five import tenders under the simultaneous buy and sell (SBS) system. The first of the

Published 09 Mar, 2005 12:00am

LSE index gains 200 points

Bullish trend prevailed on the Lahore Stock Exchange (LSE) where the petroleum sector led the equities upward, amid ascending transaction volume despite heavy badla charges. The LSE-25 index further improved by 200 points, closing at 4918.88 against 4717.

Published 09 Mar, 2005 12:00am

Grain exports from Rouen port down

Grain exports from the French port of Rouen totalled 381,200 tonnes in February, including 329,116 tonnes of wheat and 52,084 of barley, port officials said on Tuesday. That compared with total grain exports of 416,000 tonnes in February last year, compri

Published 09 Mar, 2005 12:00am

LSE index gains 200 points

Bullish trend prevailed on the Lahore Stock Exchange (LSE) where the petroleum sector led the equities upward, amid ascending transaction volume despite heavy badla charges. The LSE-25 index further improved by 200 points, closing at 4918.88 against 4717.

Published 09 Mar, 2005 12:00am

Singapore bunker fuel prices up

Singapore bunker prices rose on Tuesday, tracking higher fuel oil cargo values. Bunker fuel oil of 380-centistoke (cst) grade was pegged at $214-$216 a tonne, up $1 from Monday, maintaining the differential to cargo levels at a premium of $3.63, unchanged

Published 09 Mar, 2005 12:00am

India agrees to join gas line unconditionally, says Shaukat

India has unconditionally agreed to join a proposed $4 billion pipeline project to carry gas from Iran, through Pakistan, to India, Prime Minister Shaukat Aziz said on Tuesday. Indian Petroleum Minister Mani Shankar Aiyar would hold talks with Pakistan in

Published 09 Mar, 2005 12:00am

Activity at Karachi and Qasim ports

The Karachi Port handled 97,273 tonnes of cargo including 86,795 tonnes import and 10,748 tonnes export cargo inclusive of 579 containers, during last 24 hours ending at 0700 hours on Tuesday. The cargo comprised of 44,173 tonnes dry cargo including 16,67

Published 09 Mar, 2005 12:00am

India agrees to join gas line unconditionally, says Shaukat

India has unconditionally agreed to join a proposed $4 billion pipeline project to carry gas from Iran, through Pakistan, to India, Prime Minister Shaukat Aziz said on Tuesday. Indian Petroleum Minister Mani Shankar Aiyar would hold talks with Pakistan in

Published 09 Mar, 2005 12:00am

US Midwest soya and corn mostly steady to firm

US Midwest spot interior soyabean and corn basis bids were mostly steady to firm early Tuesday on light farmer sales due to recent declines in Chicago Board of Trade futures, cash grain merchandisers said. Two Iowa soyabean processor basis bids rose 6 cen

Published 09 Mar, 2005 12:00am

KSE breaks single-day gain record

The stock market index raced to above 9200 level on Tuesday where renewed buying orders were witnessed in OGDC and PTCL while several scrips closed on the upper limit, appreciating the business by almost 200 million shares. The KSE-100 index registered an

Published 09 Mar, 2005 12:00am

Qingdao Port to build oil wharf

Qingdao Port, China's third largest, will build a $60 million oil offloading wharf with Asia's largest oil refiner, Sinopec Group, along with a container dock with earlier partners, a senior executive said. The new oil wharf will have a capacity of 300,00

Published 09 Mar, 2005 12:00am

KSE breaks single-day gain record

The stock market index raced to above 9200 level on Tuesday where renewed buying orders were witnessed in OGDC and PTCL while several scrips closed on the upper limit, appreciating the business by almost 200 million shares. The KSE-100 index registered an

Published 09 Mar, 2005 12:00am

Bangladeshi tea prices fall

The average price of Bangladeshi teas fell by nearly 7.0 percent to 72.56 taka ($1.14) per kg on lower overseas demand at the second last weekly auction of the season on Tuesday, brokers said. More than 779,491 kg were sold at an average price of 72.56 ta

Published 09 Mar, 2005 12:00am

KSE breaks single-day gain record

The stock market index raced to above 9200 level on Tuesday where renewed buying orders were witnessed in OGDC and PTCL while several scrips closed on the upper limit, appreciating the business by almost 200 million shares. The KSE-100 index registered an

Published 09 Mar, 2005 12:00am

FOB Gulf corn and soya steady in quiet markets

US FOB Gulf corn and soyabean basis offers were steady in very quiet dealings Monday, traders said. Business was slow to pick up after the weekend. Country movement of soyabeans slowed from last week's active levels, and both corn and soyabean movement wa

Published 09 Mar, 2005 12:00am

Banking Companies Ordinance to be amended

The government has decided to amend Banking Companies Ordinance (BCO) 1962, enhancing penalties for violation of regulations, besides allowing inclusion of perpetual non-cumulative preference shares in the capital structure to the company, sources in the

Published 09 Mar, 2005 12:00am

Pakistani rice seen weaker on low exports

Pakistan's domestic rice prices are expected to decline further in the coming week because of lower than anticipated international demand and slow buying from exporters, dealers said on Tuesday. West African countries have good demand for rice but Pakista

Published 09 Mar, 2005 12:00am

Banking Companies Ordinance to be amended

The government has decided to amend Banking Companies Ordinance (BCO) 1962, enhancing penalties for violation of regulations, besides allowing inclusion of perpetual non-cumulative preference shares in the capital structure to the company, sources in the

Published 09 Mar, 2005 12:00am

Chinese steel merger could create industry leader

Chinese second-biggest steel maker, Angang, has said it is close to merging with fifth-largest player Bengang, a deal that could create a sector leader in the world's biggest steel industry. A merger of Angang Iron and Steel (Group) and Benxi Iron and Ste

Published 09 Mar, 2005 12:00am

SBP amends rules for SMEs financing

The State Bank on Tuesday made amendments in Prudential Regulations for corporate/commercial banking and small and medium enterprises financing with reference to Prudential Regulations issued vide BPD circular No 35 of October 28, 2003. According to SBP c

Published 09 Mar, 2005 12:00am

US Plains HRW wheat steady to weaker

Basis bids for hard red winter wheat in the US Plains were steady to weaker on Tuesday amid ample domestic wheat movement, merchants said. The basis was 2 cents a bushel lower in Guymon, Oklahoma, and track bids were unquoted as were CIF values. Meanwhile

Published 09 Mar, 2005 12:00am

SBP amends rules for SMEs financing

The State Bank on Tuesday made amendments in Prudential Regulations for corporate/commercial banking and small and medium enterprises financing with reference to Prudential Regulations issued vide BPD circular No 35 of October 28, 2003. According to SBP c

Published 09 Mar, 2005 12:00am

CBOT wheat futures down on setback

Wheat futures at the Chicago Board of Trade closed lower on Monday amid bearish exports and on a setback from the recent fund-related rally, traders said. CBOT wheat closed 4 to 6 cents per bushel lower. March was down 5-3/4 at $3.23-1/4 per bushel. May w

Published 09 Mar, 2005 12:00am

SBP amends rules for SMEs financing

The State Bank on Tuesday made amendments in Prudential Regulations for corporate/commercial banking and small and medium enterprises financing with reference to Prudential Regulations issued vide BPD circular No 35 of October 28, 2003. According to SBP c

Published 09 Mar, 2005 12:00am

Thai rice futures flat, parboiled grade to be added

Thai rice futures ended flat for a second straight session on Tuesday, but sentiment remains strong, boosted by fresh export demand and a state buying scheme, brokers said. Overall volume was barely changed as 69 contracts of 5 percent white rice were tra

Published 09 Mar, 2005 12:00am

Appellate body to review Nepra decisions

The government has decided to set up an appellate body to review tariff related decisions of National Electric Power Regulatory Authority (Nepra) to satisfy the investors whose petitions were rejected without any justification. The appellate body would be

Published 09 Mar, 2005 12:00am

Oil cake market rates

Downward trend was seen on the forward cottonseeds oilcake market on Tuesday as both the futures tended lower on easy supply position, dealers said. The March vaida opened with 50 paisa loss at Rs 434.50 and closing was seen at Rs 435. During the day, it

Published 09 Mar, 2005 12:00am

Appellate body to review Nepra decisions

The government has decided to set up an appellate body to review tariff related decisions of National Electric Power Regulatory Authority (Nepra) to satisfy the investors whose petitions were rejected without any justification. The appellate body would be

Published 09 Mar, 2005 12:00am

Cotton prices drift lower

Declining trend persisted on the cotton market on Tuesday as prices drifted further lower following the TCP news, dealers said. The official spot rate continued overnight weakness, shedding more Rs 25 to Rs 2275, without upcountry expenses. The phutti pri

Published 09 Mar, 2005 12:00am

Appellate body to review Nepra decisions

The government has decided to set up an appellate body to review tariff related decisions of National Electric Power Regulatory Authority (Nepra) to satisfy the investors whose petitions were rejected without any justification. The appellate body would be

Published 09 Mar, 2005 12:00am

Kirana items prices mixed

The trading on Kirana items moved mixed here on Jodia Bazar on Tuesday.

Published 09 Mar, 2005 12:00am

Foreign firms willing to invest $2 billion in power sector

Water and Power Minister Liaquat Ali Jatoi has said a US-based company, AES, has expressed its intention to invest $1 billion to establish 1000mw coal fired power station in Thar. "Pakistan has received tremendous response from foreign investors during tw

Published 09 Mar, 2005 12:00am

Wheat prices sharply higher

Wheat prices were higher on the local grain market on Tuesday in the process of slow trading, dealers said. On the cereals side, Wheat Mexipak old registered higher at Rs 1175, the new type followed suit and gained sharply Rs 75 at Rs 1185. Slight improve

Published 09 Mar, 2005 12:00am

Foreign firms willing to invest $2 billion in power sector

Water and Power Minister Liaquat Ali Jatoi has said a US-based company, AES, has expressed its intention to invest $1 billion to establish 1000mw coal fired power station in Thar. "Pakistan has received tremendous response from foreign investors during tw

Published 09 Mar, 2005 12:00am

Thai corn prices hit by bird flu

Thai corn prices are expected to dip over the next few days with demand still weak from a domestic poultry industry battered by persistent bird flu, traders said on Tuesday. Bird flu has already hit domestic sales of corn, a major ingredient in poultry fe

Published 09 Mar, 2005 12:00am

Former chief of air staff passes away

Former Chief of the Air Staff Air Chief Marshal Zulfiqar Ali Khan N.I.(M) passed away on Tuesday due to heart failure, PAF announced here. He has left behind a widow and a daughter to mourn his death. Air Chief Marshal Zulfiqar Ali Khan was born on Decemb

Published 09 Mar, 2005 12:00am

New York coffee vaults to fresh five-year high as funds buy

Arabica futures prices sprang to a fresh five-year high on Monday, with growing fund and speculative appetites for commodities helping to push the coffee market further away from a recent crisis. A lack of producer hedging or selling fuelled the bullish m

Published 09 Mar, 2005 12:00am

Pakistan Steel first to get two world standard certificates

Pakistan Steel (PS) has become the first industrial unit in Pakistan to acquire two international standard certificates, ISO 14001 and SA 8000. The certificate award ceremony was held at MTC Auditorium in PS on Tuesday. Erik Roger, President and Director,

Published 09 Mar, 2005 12:00am

Australian beef seen strong despite US-Japan trade

Strong Australian beef prices were expected to slip in 2005 as US exports gradually return to Japan and Korea, officials said on Tuesday. Beef is Australia's top rural export, worth over A$4.7 billion ($3.7 billion) in 2004, and exports were set to remain

Published 09 Mar, 2005 12:00am

Need for economic empowerment of women stressed

The 'International Women's Day' was observed here on Tuesday like other parts of the country as well as rest of the world with a renewed pledge that all-out efforts will be made for giving due respect, economic empowerment and social justice to women by e

Published 09 Mar, 2005 12:00am

Cocoa pares losses to end at four-month high in New York

New York cocoa futures prices recouped losses to end at a four-month high on Monday, extending gains for the third consecutive session amid increasing fund demand and prospects of a global supply deficit. At the New York Board of Trade, cocoa futures exte

Published 09 Mar, 2005 12:00am

Cathay Pacific prize scheme

Cathay Pacific has announced introduction of a special prize scheme for passengers, travelling from Pakistan to Hong Kong and China. "Fly Cathay Pacific Airways and win a car" offers a grand prize of the new Honda City to one lucky winner out of all passe

Published 09 Mar, 2005 12:00am

Safety concerns keep East Asian consumers off GMO food

Nine years after the debut of genetically modified organisms (GMOs) in the world market, consumers in East Asia are still worried about eating GMO food, although the region uses grain from such crops for feed. In Japan and South Korea, both major grain im

Published 09 Mar, 2005 12:00am

Need stressed for Pak-India cargo shipping service

Indian shipping company, Shehree Shipping Limited General Manager V.K. Singh on Tuesday stressed upon the need to start full-fledged cargo service between India and Pakistan, besides ferry service for passengers. While talking to Karachi Chamber of Commer

Published 09 Mar, 2005 12:00am

Copper steady in Asia as funds counter China sales

Copper futures on the London Metal Exchange were steady in Asian trade on Tuesday as speculative Chinese selling was largely offset by buying from financial institutions, traders said. The key three-month copper contract on the London Metal Exchange was t

Published 09 Mar, 2005 12:00am

Enhanced trade and transit ties with Kyrgyzstan pledged: Musharraf offers CARs access to Pakistan seaports

President Pervez Musharraf promised greater efforts to strengthen trade and transit ties with landlocked Kyrgyzstan on Tuesday during a two-country Central Asian tour. Pakistan and Kyrgyzstan would work to boost infrastructure ties and ensure that Kyrgyzs

Published 09 Mar, 2005 12:00am

Currency	Rate
USD PKR Interbank Selling / Nov 13	277.93
USD PKR Interbank Buying / Nov 13	277.83
USD to Japanese Yen / Nov 13	154.85
USD to Swiss Franc / Nov 13	0.88
Pound Sterling to USD / Nov 13	1.27
Euro to USD / Nov 13	1.06

Stock	Volume
S&P 500 / Nov 12	5,983.99
Nasdaq / Nov 12	19,281.40
Dow Jones / Nov 12	43,910.98
India Sensex / Nov 13	78,360.01
Tokyo Nikkei / Nov 13	38,794.83
Hang Seng / Nov 13	19,656.76
FTSE 100 / Nov 13	8,051.12
Germany DAX 30 / Nov 13	19,112.16

Item	Value
Gold 10 Grams PKR / Nov 12	231,911
Crude Oil USD/Barrel / Nov 13	68.33
Karachi Cotton PKR/37.32 KG / Nov 13	18,085
Gold Spot USD/Ounce / Nov 13	2,606.22
Cotton US¢/pound / Nov 13	71.05
Petrol/Litre / Nov 14	248.38

Stock	Price
786 Invest Ltd / Nov 14 786 Investments Limited(786)	6.49 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 14 Al-Abbas Sugar Mills Limited(AABS)	599.28 ▼ 0.00 (0.00%)
Agro Allianz / Nov 14 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 14 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 14 Ali Asghar Textile Mills Limited(AATM)	62.51 ▼ 0.00 (0.00%)
Allied Bank / Nov 14 Allied Bank Limited(ABL)	114.80 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 14 Abbott Laboratories (Pakistan) Limited(ABOT)	1,019.78 ▼ 0.00 (0.00%)
Abson Ind. / Nov 14 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 14 Alfalah Consumer Index ETF.(ACIETF)	12.25 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 14 786 Investments Limited(786)	6.49 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 14 Al-Abbas Sugar Mills Limited(AABS)	599.28 ▲ 0.00 (0.00%)
Agro Allianz / Nov 14 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 14 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 14 Ali Asghar Textile Mills Limited(AATM)	62.51 ▲ 0.00 (0.00%)
Allied Bank / Nov 14 Allied Bank Limited(ABL)	114.80 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 14 Abbott Laboratories (Pakistan) Limited(ABOT)	1,019.78 ▲ 0.00 (0.00%)
Abson Ind. / Nov 14 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 14 Alfalah Consumer Index ETF.(ACIETF)	12.25 ▲ 0.00 (0.00%)

Stock	Volume
WorldCall Telecom / Nov 14 Worldcall Telecom Limited(WTL)	43,291,848 ▲ 0.00
Waves Home Appliances / Nov 14 Waves Home Appliances Limited(WAVESAPP)	33,201,636 ▲ 0.00
Pak Refinery / Nov 14 Pakistan Refinery Limited(PRL)	31,524,926 ▲ 0.00
K-Electric Ltd. / Nov 14 K-Electric Limited(KEL)	27,455,465 ▲ 0.00
Pak Elektron / Nov 14 Pak Elektron Limited(PAEL)	26,996,630 ▲ 0.00
Sui South Gas / Nov 14 Sui Southern Gas Company Limited(SSGC)	26,013,918 ▲ 0.00
The Searle Co. / Nov 14 The Searle Company Limited(SEARL)	25,704,933 ▲ 0.00
Pak Int.Bulk / Nov 14 Pakistan International Bulk Terminal(PIBTL)	23,694,836 ▲ 0.00
Secure Logistics / Nov 14 Secure Logistics Group Limited(SLGL)	23,623,241 ▲ 0.00

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