News Archives for Print - 2005-03-31

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 Wednesday (March 30, 2005).

Published 31 Mar, 2005 12:00am

Cotton held by Trading Corporation to be sold locally

The government has decided to sell the cotton held by Trading Corporation of Pakistan to local textile mills as the deadline for the ginners comes to an end on March 30, said industry sources. The TCP, which holds 1.6 million bales high-grade cotton, was

Published 31 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 Wednesday (March 30, 2005).

Published 31 Mar, 2005 12:00am

Cotton held by Trading Corporation to be sold locally

The government has decided to sell the cotton held by Trading Corporation of Pakistan to local textile mills as the deadline for the ginners comes to an end on March 30, said industry sources. The TCP, which holds 1.6 million bales high-grade cotton, was

Published 31 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 Wednesday (March 30, 2005).

Published 31 Mar, 2005 12:00am

Picic approves 30 percent bonus shares, 25 percent cash dividends

The 46th Annual General Meeting (AGM) of Pakistan Industrial Credit and Investment Corporation (Picic), held on Tuesday, approved bonus shares and interim cash dividends for the year 2004. The meeting, which also approved accounts for the period ended 31s

Published 31 Mar, 2005 12:00am

Interest rates on old and incremental FCY deposits

Interest rates on old and incremental FCY deposits on Wednesday (March 30, 2005).

Published 31 Mar, 2005 12:00am

Picic approves 30 percent bonus shares, 25 percent cash dividends

The 46th Annual General Meeting (AGM) of Pakistan Industrial Credit and Investment Corporation (Picic), held on Tuesday, approved bonus shares and interim cash dividends for the year 2004. The meeting, which also approved accounts for the period ended 31s

Published 31 Mar, 2005 12:00am

LIBOR calculating interest on US dollar

London Interbank Offer Rates on for calculating interest on special US dollar on Wednesday (March 30, 2005).

Published 31 Mar, 2005 12:00am

Picic approves 30 percent bonus shares, 25 percent cash dividends

The 46th Annual General Meeting (AGM) of Pakistan Industrial Credit and Investment Corporation (Picic), held on Tuesday, approved bonus shares and interim cash dividends for the year 2004. The meeting, which also approved accounts for the period ended 31s

Published 31 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 Wednesday (March 30, 2005).

Published 31 Mar, 2005 12:00am

Picic approves 30 percent bonus shares, 25 percent cash dividends

The 46th Annual General Meeting (AGM) of Pakistan Industrial Credit and Investment Corporation (Picic), held on Tuesday, approved bonus shares and interim cash dividends for the year 2004. The meeting, which also approved accounts for the period ended 31s

Published 31 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 Wednesday (March 30, 2005).

Published 31 Mar, 2005 12:00am

Signalling system for Railway: JMC to discuss Chinese offer

China intends to sell which it claims a modern signalling system to Pakistan Railways whose administration is already under unprecedented criticism for purchasing faulty locomotives worth $98.2 million from China, it is learnt. "We are discussing purchase

Published 31 Mar, 2005 12:00am

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Wednesday (March 30, 2005).

Published 31 Mar, 2005 12:00am

PAC for bringing real estate into tax net

The Central Board of Revenue (CBR) cannot bring real estate within the tax net being provincial matter. On the other hand, provinces are co-ordinating with the tax authorities to document services of professionals for the purpose of levying sales tax. How

Published 31 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 31 Mar, 2005 12:00am

Spain police arrest man with 755 kg dynamite stash

Spanish police have arrested a man who was stocking 755 kg (1,664 lb) of dynamite in his garage - nearly four times the amount accumulated by the Madrid train bombers. He also had 750 kg of ammonium nitrate, a fertiliser that can also be used to make bomb

Published 31 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 31 Mar, 2005 12:00am

Russia threatens gas price hike for Moldova

Russia said on Wednesday it will stop cheap gas supplies to impoverished Moldova from 2006 in a first major sign of retaliation by Moscow against a pro-western shift by the country's leader. The move comes just days before President Vladimir Voronin, a fo

Published 31 Mar, 2005 12:00am

Karachi interbank rates

Karachi interbank rates on Wednesday (March 30, 2005).

Published 31 Mar, 2005 12:00am

Russian tycoon Gusinsky questioned in Israeli probe

Israeli police said on Wednesday they were questioning fugitive Russian tycoon Vladimir Gusinsky in an investigation of suspected money-laundering at Bank Hapoalim, Israel's largest bank. Gusinsky was not in Israel when police launched the inquiry earlier

Published 31 Mar, 2005 12:00am

African officials to probe Kenyan cricket crisis

A team from the African Cricket Association (ACA) is to arrive here this week to investigate the chaos that has enveloped the governing of the sport in Kenya, local officials said Wednesday. The four-strong delegation, led by the ACA's Zimbabwean presiden

Published 31 Mar, 2005 12:00am

Hugo Boss sees further growth in 2005

German fashion house Hugo Boss forecast further sales and earnings growth in 2005 on the back of a boom at its womenswear line but warned growth in gross profit margin would slow this year. The suit maker, controlled by Italian clothing firm Marzotto, sai

Published 31 Mar, 2005 12:00am

Pakistan beat India 3-2 in six-nation junior hockey

Pakistan beat defending champions India 3-2 in the six-nation Junior Hockey Tournament here on Wednesday. The Indians, who were reduced to nine men in the dying moments of the second half, led 2-1 at the break but could not hold on after their skipper Pra

Published 31 Mar, 2005 12:00am

Hugo Boss sees further growth in 2005

German fashion house Hugo Boss forecast further sales and earnings growth in 2005 on the back of a boom at its womenswear line but warned growth in gross profit margin would slow this year. The suit maker, controlled by Italian clothing firm Marzotto, sai

Published 31 Mar, 2005 12:00am

Buoyant Pakistan win warm-up game

Pakistan warmed up for their upcoming one-day series against India with a comfortable eight-wicket win in a warm-up game here on Wednesday. Opener Salman Butt and Shoaib Malik produced fluent knocks against an India A side as Pakistan, who squared a prece

Published 31 Mar, 2005 12:00am

CNOOC to develop gas field despite Japan dispute

China's top offshore oil and gas producer, CNOOC Ltd, will begin operations this year at a gas field in the East China Sea despite a territorial dispute with Japan. CNOOC Chairman Fu Chengyu told reporters on Tuesday he expected the Chunxiao field, locate

Published 31 Mar, 2005 12:00am

Big challenge for depleted West Indies against South Africa

A depleted West Indies will be looking to prove their detractors wrong in the opening Test of four against South Africa that begins here on Thursday. Long-standing left-handed batsman Shivnarine Chanderpaul walks out on home soil at Bourda Oval leading a

Published 31 Mar, 2005 12:00am

Data signal ECB rate hike off the table - for now

Market concerns over an early ECB interest rate hike eased on Wednesday on signs that inflationary pressures are moderating in the eurozone and dovish comments from an European Central Bank policymaker. Money supply growth slowed for the first time in fou

Published 31 Mar, 2005 12:00am

Woods, Els duel to another draw in the dark

Tiger Woods and Ernie Els once again duelled to a golfing playoff draw here on Tuesday as darkness halted the Tavistock Cup match between cross-town rival golf clubs Lake Nona and host Isleworth. The annual showdown was declared an 8 1/2-8 1/2 draw, bring

Published 31 Mar, 2005 12:00am

TeliaSonera launches medical monitoring by mobile network

Swedish-Finnish telecoms operator TeliaSonera on Wednesday presented a medical monitoring system using Sweden's mobile phone network so hospitals can keep track of out-patients' health developments. "It's a wireless system. Information on the patient's he

Published 31 Mar, 2005 12:00am

Sami resigns as Pakistan hockey manager

Former Olympian Samiullah Khan has resigned as Manager of the Pakistan hockey team in protests it was learnt here on Wednesday. According to sources Samillah, who was titled 'Flying Horse'for his speed in his hay day, was not happy with the appointment pa

Published 31 Mar, 2005 12:00am

ISE index gains 413.11 points

Bulls strengthened their position at the Islamabad Stock Exchange (ISE) where equities showed healthy signs amid increase in index. ISE network index was up by 413.11 points as the price-based indicator moved from 12,803.17 to 13,216.28 points, while the

Published 31 Mar, 2005 12:00am

Polsana cruises into second round of Thai Open

Defending local champion Boonsak Polsana booked his place Wednesday in the second round on the opening day of the 80,000-dollar Thailand Open badminton tournament. The eighth seed, who became the tournament's second Thai champion with his victory last yea

Published 31 Mar, 2005 12:00am

ISE index gains 413.11 points

Bulls strengthened their position at the Islamabad Stock Exchange (ISE) where equities showed healthy signs amid increase in index. ISE network index was up by 413.11 points as the price-based indicator moved from 12,803.17 to 13,216.28 points, while the

Published 31 Mar, 2005 12:00am

Venus ends Serena's bid for fourth straight Key Biscayne crown

Venus Williams ended her sister Serena's quest for a fourth straight WTA Key Biscayne crown on Tuesday as she triumphed in straight sets in the pair's first meeting since the 2003 Wimbledon final. Venus advanced to a semi-final showdown with reigning Wimb

Published 31 Mar, 2005 12:00am

PSO and PPL lead LSE rally

Equities continued recovery drive on the second consecutive day and made hefty gains, under the lead of petroleum sector, on local stock market amid reports that a consortium of institutions has agreed to buy OGDC shares. The LSE-25 index rose by 81.10 po

Published 31 Mar, 2005 12:00am

World market rice prices: USDA

The US Agriculture Department's Commodity Credit Corporation announced the following world market prices of milled and rough rice. The data are adjusted for US milling yields and location, and the resulting marketing loan gain (MLG) and loan deficiency pa

Published 31 Mar, 2005 12:00am

PSO and PPL lead LSE rally

Equities continued recovery drive on the second consecutive day and made hefty gains, under the lead of petroleum sector, on local stock market amid reports that a consortium of institutions has agreed to buy OGDC shares. The LSE-25 index rose by 81.10 po

Published 31 Mar, 2005 12:00am

New York coffee modestly weaker after producers sell

Arabica coffee futures finished a choppy session on Tuesday in negative territory, with producer selling outweighing early speculative buying, traders said. "There was a little bit of spec buying early and some origin selling at the upper end of the range

Published 31 Mar, 2005 12:00am

New York cocoa futures firmer on flagging dollar

New York cocoa futures edged up Tuesday, with a weak US currency attracting investor demand for the dollar-denominated commodity, traders said. The dollar slumped against sterling - the currency of cocoa futures in London - after monthly data showed Briti

Published 31 Mar, 2005 12:00am

Finance secretary's term extended

The government has extended the service contract of Finance Secretary Naveed Ahsan by one year, it is learnt. Naveed has held the charge of the ministry since Moeen Afzal's retirement.

Published 31 Mar, 2005 12:00am

Monsanto raises 2005 profit forecast

Monsanto Co on Tuesday increased its 2005 profit forecast because of better-than-expected revenue from seed sales and gene technology as the US spring planting season gets underway. Monsanto, whose shares rose 5 percent, forecast profit in a range of 85 c

Published 31 Mar, 2005 12:00am

Finance secretary's term extended

The government has extended the service contract of Finance Secretary Naveed Ahsan by one year, it is learnt. Naveed has held the charge of the ministry since Moeen Afzal's retirement.

Published 31 Mar, 2005 12:00am

Monsanto raises 2005 profit forecast

Monsanto Co on Tuesday increased its 2005 profit forecast because of better-than-expected revenue from seed sales and gene technology as the US spring planting season gets underway. Monsanto, whose shares rose 5 percent, forecast profit in a range of 85 c

Published 31 Mar, 2005 12:00am

Futures rules to be amended

Moin Fudda, Managing Director, Karachi Stock Exchange, said on Wednesday that KSE management has planned to restructure the ''Future Contract Rules'', subject to approval by Securities and Exchange Commission of Pakistan (SECP) to avert crisis-like situat

Published 31 Mar, 2005 12:00am

Thai rice futures hit new high, volume rises

Thai rice futures rose to fresh highs on Wednesday as investors feared drought and a government buying scheme would cut supplies, brokers said. Overall volume rose as 152 contracts of 5 percent white rice were traded compared to Tuesday's 105. The most ac

Published 31 Mar, 2005 12:00am

Futures rules to be amended

Moin Fudda, Managing Director, Karachi Stock Exchange, said on Wednesday that KSE management has planned to restructure the 'Future Contract Rules', subject to approval by Securities and Exchange Commission of Pakistan (SECP) to avert crisis-like situatio

Published 31 Mar, 2005 12:00am

Singapore bunker fuel prices stable

Singapore bunker prices were stable on Wednesday, despite higher fuel oil cargo values. Prices for 380-cst bunker fuel were pegged at $235-$237 a tonne, unchanged from Tuesday, and the differential to cargo prices narrowed to $5.38 a tonne. "The market is

Published 31 Mar, 2005 12:00am

Futures rules to be amended

Moin Fudda, Managing Director, Karachi Stock Exchange, said on Wednesday that KSE management has planned to restructure the 'Future Contract Rules', subject to approval by Securities and Exchange Commission of Pakistan (SECP) to avert crisis-like situatio

Published 31 Mar, 2005 12:00am

Activity at Karachi and Qasim ports

The Karachi Port handled 104,484 tonnes of cargo including 79,133 tonnes import and 25,351 tonnes export cargo inclusive of 4,419 containers, during last 24 hours ending at 0700 hours on Wednesday. The cargo comprised of 72,984 tonnes dry cargo including

Published 31 Mar, 2005 12:00am

PPL inclusion in index to reduce OGDC weight

Inclusion of Pakistan Petroleum Limited (PPL) will reduce the weightage of Oil and Gas Development Company (OGDC) to 24 percent from 33 percent with the market capitalisation to increase by almost Rs 232 billion. The KSE-100 index has been recomposed once

Published 31 Mar, 2005 12:00am

Ivory Coast cocoa arrivals pick up

Cocoa arrivals at ports in Ivory Coast picked up in March, narrowing the gap with last season as prices offered by shippers edged higher, industry data showed on Wednesday. Deliveries totalled 957,778 tonnes between the beginning of the current campaign i

Published 31 Mar, 2005 12:00am

PPL inclusion in index to reduce OGDC weight

Inclusion of Pakistan Petroleum Limited (PPL) will reduce the weightage of Oil and Gas Development Company (OGDC) to 24 percent from 33 percent with the market capitalisation to increase by almost Rs 232 billion. The KSE-100 index has been recomposed once

Published 31 Mar, 2005 12:00am

FOB Gulf corn weaker, soya steady

US FOB Gulf corn values were slightly weaker on Tuesday, and soyabean basis offers were steady, amid very light export demand in both markets, traders said. Grain movement remained very light as weakening futures prices at the Chicago Board of Trade offer

Published 31 Mar, 2005 12:00am

PPL inclusion in index to reduce OGDC weight

Inclusion of Pakistan Petroleum Limited (PPL) will reduce the weightage of Oil and Gas Development Company (OGDC) to 24 percent from 33 percent with the market capitalisation to increase by almost Rs 232 billion. The KSE-100 index has been recomposed once

Published 31 Mar, 2005 12:00am

Nippon Steel, Sumitomo Metal and Kobe in deeper ties

Japanese steel makers Nippon Steel Corp, Sumitomo Metal Industries Ltd and Kobe Steel Ltd expanded their business alliance on Wednesday, and said they will also consider additional cross-shareholdings in each other. The three firms did not specify when or

Published 31 Mar, 2005 12:00am

KSE returning to normalcy

The share market was slowly returning to normalcy but still some seasoned investors stayed away from the rings as they feared that the market might take some more hiccups before consolidating. The KSE-100 index recorded an increase of 230.42 points, or 2.

Published 31 Mar, 2005 12:00am

UK keeps wheat export surplus unchanged

Britain's farm ministry left its March estimate of this season's exportable UK wheat surplus unchanged on the month at almost 2.91 million tonnes on Wednesday, up 32 percent from last year. In its latest supply/demand data for cereals, the Department for

Published 31 Mar, 2005 12:00am

KSE returning to normalcy

The share market was slowly returning to normalcy but still some seasoned investors stayed away from the rings as they feared that the market might take some more hiccups before consolidating. The KSE-100 index recorded an increase of 230.42 points, or 2.

Published 31 Mar, 2005 12:00am

Brazilian cocoa arrivals fall

Brazilian 2004/05 (May/April) cocoa arrivals from Bahia and other states totalled 3.0 million 60-kg bags by March 27, down 15 percent from 3.55 million bags a year ago, the Bahia Commercial Association said on Wednesday. Bahia state, Brazil's main cocoa p

Published 31 Mar, 2005 12:00am

KSE returning to normalcy

The share market was slowly returning to normalcy but still some seasoned investors stayed away from the rings as they feared that the market might take some more hiccups before consolidating. The KSE-100 index recorded an increase of 230.42 points, or 2.

Published 31 Mar, 2005 12:00am

Pakistan's palm oil prices stable, imports slow

Pakistan's palm oil market was mixed during the past week as imports stayed slow on low domestic demand that had kept prices stable, but dealers said fresh buying would emerge in days ahead as stocks were thin. "There is room for imports as stocks are now

Published 31 Mar, 2005 12:00am

Rana Munir elected LTBA president

Rana Munir Hussain has been elected as president of the Lahore Tax Bar Association (LTBA) in its annual elections held here on Wednesday. Rana Munir Hussain bagged 402 votes, while his rival candidate Zahid Pervez got 299 votes. Sheikh Naeem Zafar was ele

Published 31 Mar, 2005 12:00am

China iron ore imports slow ahead of price leap

Iron ore shipments to China, the world's top steel producer, have slowed in the past few weeks as ports are overwhelmed by large stocks of the raw material accumulated ahead of a giant leap in prices from next month. While China's booming steel sector wou

Published 31 Mar, 2005 12:00am

Lahore traders not to join MMA strike

The traders' representatives in presence of Lahore District Nazim and high-ranking police officers announced to boycott the MMA strike on April 2 and vowed to continue their business as usual. Over 250 traders' leaders, representing various markets of the

Published 31 Mar, 2005 12:00am

CBOT wheat futures mixed, trade thin

Wheat futures on the Chicago Board of Trade closed mixed on Tuesday, with the nearby months sagging on a lack of follow-through after light fund buying lifted values early, traders said. May wheat closed down 1-1/2 cents at $3.34-1/2 per bushel after sell

Published 31 Mar, 2005 12:00am

Pakistan and India return bus passenger lists

Officials from India and Pakistan on Wednesday returned lists they had swapped a week ago of passengers selected to ride the first buses between Azad and occupied Kashmir in almost 60 years. "We have exchanged lists of confirmed passengers on both the sid

Published 31 Mar, 2005 12:00am

US Midwest soyabean and corn steady to firm

US Midwest interior basis bids for soyabean and corn were mostly steady to firm early Wednesday due to a lack of farmer sales, dealers said. "Farmers are waiting for prices to rally, after the big price gains earlier this month," one Indiana dealer said.

Published 31 Mar, 2005 12:00am

Mineral-rich Balochistan to be explored further: Prime Minister

Prime Minister Shaukat Aziz said on Wednesday that the government would further explore oil, gas, and metals in mineral-rich Balochistan for the benefit of its people as well as the country. He was speaking at the handing over of the building of the Lasbe

Published 31 Mar, 2005 12:00am

Oil cake market rates

Upward trend was again witnessed on the forward cottonseed oilcake market on Thursday as buyers presense continued on anticipation of increase in the prices, dealers said. The May vaida opened with 90 paisa gain at Rs 432.70. Later, it picked up Rs 1.10 t

Published 31 Mar, 2005 12:00am

Mineral-rich Balochistan to be explored further: Prime Minister

Prime Minister Shaukat Aziz said on Wednesday that the government would further explore oil, gas, and metals in mineral-rich Balochistan for the benefit of its people as well as the country. He was speaking at the handing over of the building of the Lasbe

Published 31 Mar, 2005 12:00am

Substantial business seen on cotton market

Most of leading buyers indulged in fresh buying in the cotton market on Wednesday on anticipation of increase in the prices, dealers said. The official spot rates were unchanged at Rs 2250, without upcountry expenses. Market sources said that the cotton p

Published 31 Mar, 2005 12:00am

Mineral-rich Balochistan to be explored further: Prime Minister

Prime Minister Shaukat Aziz said on Wednesday that the government would further explore oil, gas, and metals in mineral-rich Balochistan for the benefit of its people as well as the country. He was speaking at the handing over of the building of the Lasbe

Published 31 Mar, 2005 12:00am

Tea prices mixed

The trading on tea sector moved mixed on Jodia Bazar on Wednesday.

Published 31 Mar, 2005 12:00am

Treasury Bills yield hiked as SBP tackles inflation

The State Bank of Pakistan, in a surprise move, accepted Rs 22.55 billion, against the auction target amount of Rs 10 billion, in six-month Treasury Bills auction. By accepting more than the target amount, it had to raise yield by 0.5078 percent from 5.18

Published 31 Mar, 2005 12:00am

Grain and seeds demand-supply balanced

Dullness prevailed on the local grain market on Wednesday as almost all commodities held their overnight levels on balanced demand and supply factor, dealers said. They said that the general trend in the market was up as prices tended higher as on the see

Published 31 Mar, 2005 12:00am

Treasury Bills yield hiked as SBP tackles inflation

The State Bank of Pakistan, in a surprise move, accepted Rs 22.55 billion, against the auction target amount of Rs 10 billion, in six-month Treasury Bills auction. By accepting more than the target amount, it had to raise yield by 0.5078 percent from 5.18

Published 31 Mar, 2005 12:00am

Malaysian tin down, seen above $8,000

Malaysian tin fell almost 2 percent on Wednesday, reaching a rare parity with the price in London, after both markets underwent a technical correction. The spot price on the Kuala Lumpur Tin Market dipped $155 to $8,050 a tonne. The traded volume dwindled

Published 31 Mar, 2005 12:00am

Treasury Bills yield hiked as SBP tackles inflation

The State Bank of Pakistan, in a surprise move, accepted Rs 22.55 billion, against the auction target amount of Rs 10 billion, in six-month Treasury Bills auction. By accepting more than the target amount, it had to raise yield by 0.5078 percent from 5.18

Published 31 Mar, 2005 12:00am

New York copper firms; funds buy as dollar drops

US copper futures raced higher on Tuesday on fund buying ahead of the quarter end, then added to gains after the declining US consumer confidence reading put pressure on the dollar, traders said. "We had some decent fund buying in here. The euro's coming

Published 31 Mar, 2005 12:00am

Treasury Bills yield hiked as SBP tackles inflation

The State Bank of Pakistan, in a surprise move, accepted Rs 22.55 billion, against the auction target amount of Rs 10 billion, in six-month Treasury Bills auction. By accepting more than the target amount, it had to raise yield by 0.5078 percent from 5.18

Published 31 Mar, 2005 12:00am

New York gold ends flat as contract rollover in focus

US gold futures closed mostly unchanged on Tuesday as dealers were reluctant to take on fresh positions due to final April-June switching, even amid a slight rise in the euro, traders said. April delivery gold on the New York Mercantile Exchange's COMEX d

Published 31 Mar, 2005 12:00am

All manufacturers to be brought into tax net

The Central Board of Revenue (CBR) has decided to bring all the manufacturers within the tax net under the drive of broadening the tax base. CBR Chairman Adbullah Yusuf told Public Accounts Committee (PAC) on Wednesday that the exercise would help in brin

Published 31 Mar, 2005 12:00am

Tokyo gold little moved before book closings, data

Tokyo gold futures were trapped in tight ranges on Wednesday as Japanese investors refrained from taking new positions ahead of Japanese fiscal year book closings. Early rounds of buying quickly ran out of steam and the market lost direction after the Feb

Published 31 Mar, 2005 12:00am

All manufacturers to be brought into tax net

The Central Board of Revenue (CBR) has decided to bring all the manufacturers within the tax net under the drive of broadening the tax base. CBR Chairman Adbullah Yusuf told Public Accounts Committee (PAC) on Wednesday that the exercise would help in brin

Published 31 Mar, 2005 12:00am

Gold trapped in narrow range in Asia, awaits data

Gold moved in a narrow range in Asia on Wednesday as dealers waited for fresh leads from the currency markets ahead of the release of key US economic data. Spot gold was trading at $426.00/426.50 an ounce by 0410 GMT, little changed from $425.65/426.40 la

Published 31 Mar, 2005 12:00am

All manufacturers to be brought into tax net

The Central Board of Revenue (CBR) has decided to bring all the manufacturers within the tax net under the drive of broadening the tax base. CBR Chairman Adbullah Yusuf told Public Accounts Committee (PAC) on Wednesday that the exercise would help in brin

Published 31 Mar, 2005 12:00am

Shanghai copper falls on LME, backwardation steep

Shanghai copper futures sagged on Wednesday but stayed in steep backwardation, as a tight spot market continued to keep prompt futures high. Most active June copper closed at 31,280 yuan ($3,780) Wednesday, down 160 yuan, as slightly lower prices on the L

Published 31 Mar, 2005 12:00am

CBMs to help improve Pak-India ties: Shujaat

Pakistan Muslim League President Shujaat Hussain said here on Wednesday that the process of confidence building and people-to-people contacts would further help improve the relations between Pakistan and India. He was talking to External Affairs Minister

Published 31 Mar, 2005 12:00am

Oil holds above $54, awaits US stocks data

Oil prices tracked higher on Wednesday, holding above $54 as Opec's deferral of any supply increase until later this year countered concerns of swelling US crude inventories. US light crude rose 20 cents to $54.43 a barrel, more than $3 below an all-time

Published 31 Mar, 2005 12:00am

CBMs to help improve Pak-India ties: Shujaat

Pakistan Muslim League President Shujaat Hussain said here on Wednesday that the process of confidence building and people-to-people contacts would further help improve the relations between Pakistan and India. He was talking to External Affairs Minister

Published 31 Mar, 2005 12:00am

CBOT rice lower on quarterly stocks reports

Chicago Board of Trade rough rice futures closed lower on Tuesday in a quiet session as the market awaited key crop reports from the US Department of Agriculture, traders said. Traders were reluctant to take strong positions ahead of the release on Thursd

Published 31 Mar, 2005 12:00am

Oil transporters observe strike

Thousands of oil truck drivers, conductors and owners on Wednesday staged demonstrations at Mehmoodkot, Shershah, Dera Ghazi Khan, Bahawalpur and Muzaffargarh and blocked the highways by putting hurdles to press the authorities for acceptance of their dem

Published 31 Mar, 2005 12:00am

Thai rubber prices high on tight supply, diesel prices

Tight rubber supplies and higher diesel prices are likely to support Thai rubber prices this week despite soft overseas demand, traders said on Wednesday. The price of benchmark unsmoked rubber sheet grade 3 (USS3), the raw material for export-grade rubbe

Published 31 Mar, 2005 12:00am

Tokyo rubber hits nine-month high

Tokyo rubber futures surged by the daily price limit of 5.0 yen per kg on Wednesday to the highest level since last June, as stop-loss buying emerged after the market broke through resistance due to a weak yen. The September rubber contract on the Tokyo C

Published 31 Mar, 2005 12:00am

New York sugar ends near five-month low on fund selling

Raw sugar futures settled close to a five-month low on Tuesday on heavy fund selling, but persistent scale-down trade buying helped prevent deeper losses, dealers said. The New York Board of Trade's May raw sugar contract tumbled 0.09 cent to 8.52 cents a

Published 31 Mar, 2005 12:00am

Soya down in light trade

Soybean futures at the Chicago Board of Trade closed weak on Tuesday in light trade ahead of Thursday's scheduled release of March plantings and stocks data, traders said. Nearby contracts gained on deferreds amid a slowdown in farmer selling this week an

Published 31 Mar, 2005 12:00am

Asian sugar: Indonesia wants the sweetener, Thai holds back

At least 100,000 tonnes of white sugar bought by Indonesia are stranded in neighbouring Thailand because of a lack of ships, forcing Jakarta to extend the deadline for arrivals. Thailand barely has sugar for sale because the harvesting season has just end

Published 31 Mar, 2005 12:00am

Currency	Rate
USD PKR Interbank Selling / Nov 22	277.85
USD PKR Interbank Buying / Nov 22	277.65
USD to Japanese Yen / Nov 22	154.78
USD to Swiss Franc / Nov 22	0.89
Pound Sterling to USD / Nov 22	1.26
Euro to USD / Nov 22	1.05

Stock	Volume
S&P 500 / Nov 21	5,948.71
Nasdaq / Nov 21	18,972.42
Dow Jones / Nov 21	43,870.35
India Sensex / Nov 22	78,147.34
Tokyo Nikkei / Nov 22	38,283.85
Hang Seng / Nov 22	19,170.91
FTSE 100 / Nov 22	8,202.46
Germany DAX 30 / Nov 22	19,225.74

Item	Value
Crude Oil USD/Barrel / Nov 22	70.18
Karachi Cotton PKR/37.32 KG / Nov 22	17,785
Gold 10 Grams PKR / Nov 22	240,483
Gold Spot USD/Ounce / Nov 22	2,691.90
Cotton US¢/pound / Nov 22	70.12
Petrol/Litre / Nov 23	248.38

Stock	Price
786 Invest Ltd / Nov 23 786 Investments Limited(786)	7.15 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 23 Al-Abbas Sugar Mills Limited(AABS)	620.68 ▼ 0.00 (0.00%)
Agro Allianz / Nov 23 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 23 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 23 Ali Asghar Textile Mills Limited(AATM)	69.40 ▼ 0.00 (0.00%)
Allied Bank / Nov 23 Allied Bank Limited(ABL)	115 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 23 Abbott Laboratories (Pakistan) Limited(ABOT)	1,084.82 ▼ 0.00 (0.00%)
Abson Ind. / Nov 23 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 23 Alfalah Consumer Index ETF.(ACIETF)	12.35 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 23 786 Investments Limited(786)	7.15 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 23 Al-Abbas Sugar Mills Limited(AABS)	620.68 ▲ 0.00 (0.00%)
Agro Allianz / Nov 23 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 23 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 23 Ali Asghar Textile Mills Limited(AATM)	69.40 ▲ 0.00 (0.00%)
Allied Bank / Nov 23 Allied Bank Limited(ABL)	115 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 23 Abbott Laboratories (Pakistan) Limited(ABOT)	1,084.82 ▲ 0.00 (0.00%)
Abson Ind. / Nov 23 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 23 Alfalah Consumer Index ETF.(ACIETF)	12.35 ▲ 0.00 (0.00%)

Stock	Volume
WorldCall Telecom / Nov 23 Worldcall Telecom Limited(WTL)	95,563,962 ▲ 0.00
Pace (Pak) Ltd. / Nov 23 Pace (Pakistan) Limited(PACE)	51,499,190 ▲ 0.00
Kohinoor Spining / Nov 23 Kohinoor Spinning Mills Limited(KOSM)	48,260,119 ▲ 0.00
K-Electric Ltd. / Nov 23 K-Electric Limited(KEL)	44,585,332 ▲ 0.00
Treet Battery / Nov 23 Treet Battery Limited(TBL)	42,849,466 ▲ 0.00
Waves Home Appliances / Nov 23 Waves Home Appliances Limited(WAVESAPP)	41,650,133 ▲ 0.00
PIA Holding Co.Ltd / Nov 23 PIA Holding Company Limited(PIAHCLA)	33,841,692 ▲ 0.00
Fauji Foods Ltd / Nov 23 Fauji Foods Limited(FFL)	25,303,681 ▲ 0.00
Cnergyico PK / Nov 23 Cnergyico PK Limited(CNERGY)	25,120,112 ▲ 0.00

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