News Archives for Print - 2005-04-26 - Business Recorder

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Jan 27, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

Print - 2005-04-26

PPIB fails to work out bidding schedule for three thermal power projects

PPIB fails to work out bidding schedule for three thermal power projects

The Private Power Infrastructure Board (PPIB) has failed to evolve consensus over offering schedule for three thermal power projects for competitive bidding, sources told Business Recorder. They said that when the issue came under discussion in the

Published 26 Apr, 2005 12:00am

Euro entry still depends on 5 tests: Brown

Euro entry still depends on 5 tests: Brown

British finance minister Gordon Brown signalled on Monday that joining the euro was a distant prospect and that membership would depend on passing his five economic conditions if the Labour party won a third term. In a speech to business leaders in London

Published 26 Apr, 2005 12:00am

German business morale hits 19-month low: Ifo

German business morale hits 19-month low: Ifo

German business confidence hit a 19-month low in April after falling for a third straight month, a key gauge showed on Monday in the latest sign that growth in Europe's largest economy is slowing. The Munich-based Ifo institute said its business climate i

Published 26 Apr, 2005 12:00am

SBC reports lower earnings

SBC reports lower earnings

SBC Communications, the No 2 US telecommunications company, reported lower first-quarter earnings on Monday due to higher costs from the purchase of AT&T Wireless by its Cingular Wireless joint venture and a large gain a year earlier. SBC said it earned $

Published 26 Apr, 2005 12:00am

SBC reports lower earnings

SBC reports lower earnings

SBC Communications, the No 2 US telecommunications company, reported lower first-quarter earnings on Monday due to higher costs from the purchase of AT&T Wireless by its Cingular Wireless joint venture and a large gain a year earlier. SBC said it earned $

Published 26 Apr, 2005 12:00am

Pressure grows for fast EU move on Chinese textiles

Pressure grows for fast EU move on Chinese textiles

The European Union came under growing pressure on Monday to accelerate its planned probe into a surge in Chinese textiles imports as Paris led calls for fast action to protect European jobs. France, struggling to win approval for Europe's proposed constit

Published 26 Apr, 2005 12:00am

Bush and Abdullah to discuss high oil prices

Bush and Abdullah to discuss high oil prices

President George W. Bush said on Monday he was concerned about near-record oil and gasoline prices and pressed Crown Prince Abdullah on how much Saudi Arabia could increase production. "The crown prince understands that it is very important ... (to) make

Published 26 Apr, 2005 12:00am

Putin tells taxman not to terrorise investors

Putin tells taxman not to terrorise investors

Russian President Vladimir Putin, seeking to lift a cloud of uncertainty among investors, told tax officials on Monday to stop "terrorising" business and tried to tempt Russians to bring their billions back home. In an annual keynote address, the Kremlin

Published 26 Apr, 2005 12:00am

Air Canada orders $6 billion worth of Boeing planes

Air Canada orders $6 billion worth of Boeing planes

Air Canada on Monday announced firm orders for 32 Boeing Co wide-bodied jets in a deal worth $6 billion, adding to the top US planemaker's recent win streak against archrival Airbus. The order by Air Canada's parent, ACE Aviation Holdings Inc, includes 18

Published 26 Apr, 2005 12:00am

Nestle confirms outlook

Nestle confirms outlook

Nestle managed to raise prices by more than expected in the first quarter, helping the world's largest food group defy high raw-material costs and achieve underlying sales in line with market expectations. "Our satisfactory first-quarter growth is in line

Published 26 Apr, 2005 12:00am

Nestle confirms outlook

Nestle confirms outlook

Nestle managed to raise prices by more than expected in the first quarter, helping the world's largest food group defy high raw-material costs and achieve underlying sales in line with market expectations. "Our satisfactory first-quarter growth is in line

Published 26 Apr, 2005 12:00am

Iran wants to revitalise MG Rover brand

Iran said on Monday it was still interested in buying MG Rover, and hoped to breathe new life into the collapsed British carmaker rather than just strip it of assets as one Iranian automaker suggested. Britain's century-old carmaker, which once made sturd

Published 26 Apr, 2005 12:00am

Reuters and Times of India to launch TV news channel

Reuters and Times of India to launch TV news channel

News and information provider Reuters Group Plc unveiled a broadcasting partnership with the Times of India on Monday as part of a drive to build up its consumer media business. Reuters said in a statement it would take a 26 percent s

Published 26 Apr, 2005 12:00am

US existing home sales rise

US existing home sales rise

Sales of existing US homes rose 1.0 percent in March to the third-highest level on record as an increase in single-family sales offset a dip in sales of condominiums, a trade group said on Monday. Sales of previously owned homes rose to a seasonally adjus

Published 26 Apr, 2005 12:00am

Malaysian palm oil ends up on soya

Malaysian palm oil ends up on soya

Malaysian crude palm oil futures closed up more than half a percent on Monday, returning to the psychologically important 1,450 ringgit mark, as the market chased a rebound in rival soyaoil. Cargo surveyor Interlake Testing Services also excited the marke

Published 26 Apr, 2005 12:00am

Bangladeshi farmers expect healthy rice crop

Bangladeshi farmers expect healthy rice crop

Bangladeshi farmers expect a healthy harvest of Boro rice in coming weeks, providing welcome relief from fears of hunger after last year's devastating floods decimated large areas of paddy. Bangladesh lost about 700,000 tonnes of rice in the monsoon-assoc

Published 26 Apr, 2005 12:00am

Thai rubber futures ended flat

Thai rubber futures ended flat

Thai rubber futures ended flat on Monday with only a handful players active in a directionless market, brokers said. Overall volume was very thin as 32 contracts of ribbed smoked sheet number three (RSS3) were traded, the same as on Friday. The most activ

Published 26 Apr, 2005 12:00am

Fears of contamination in corn keeps buyers away

Fears of contamination in corn keeps buyers away

Japan's corn buyers will remain on the sidelines this week due to concerns that cargoes could be contaminated with an illegal, genetically modified strain, while South Korean importers should be active, traders said on Monday. Some Taiwan feed makers are

Published 26 Apr, 2005 12:00am

Indian soya oil up

Indian soya oil up

Indian soya oil futures were marginally up on Monday in sluggish trade because of comfortable edible oil stocks while gold tracked international trends and sugar eased on good supplies. May soyaoil at the Multi Commodity Exchange (MCX) was quoted at 388.9

Published 26 Apr, 2005 12:00am

Thai sugar premiums

Thai sugar premiums

Thai sugar premiums are expected to hold steady over the next few days due to tight supplies and fresh demand from Indonesia, Southeast Asia's biggest buyer, traders said on Monday. Raw sugar premiums for April-May 2005 shipment were offered at 165 points

Published 26 Apr, 2005 12:00am

Malaysian tin down $60 on profit-taking

Malaysian tin down $60 on profit-taking

Malaysian tin fell more than half a percent on Friday as players took profit on gains from last week. The spot price on the Kuala Lumpur Tin Market ended down $60, or 0.7 percent, at $8,100 a tonne. It had gained $90 last on Wednesday before giving up $20

Published 26 Apr, 2005 12:00am

Kenyan tea output seen down in 2005

Kenyan tea output seen down in 2005

Kenya's tea production is expected to dip to 320 million kg this year compared to a record 324 million kg in 2004 after bad weather hit production in the first three months of the year, the Tea Board of Kenya said on Monday. "Going by the first quarter te

Published 26 Apr, 2005 12:00am

China says watching EU moves on textiles

China says watching EU moves on textiles

China is watching moves by the European Union that could lead to formal curbs on its textile exports, the Commerce Ministry said on Monday. The EU urged China on Sunday to cut its textile exports or face formal curbs on products such as T-shirts and trous

Published 26 Apr, 2005 12:00am

Oil prices near $56 on production worries

Oil prices near $56 on production worries

Oil prices rose 1 percent on Monday, flirting with $56 a barrel, as production glitches in the United States kept the market edgy about a possible squeeze on gasoline supplies this summer. US light crude traded up 58 cents to $55.97 a barrel, adding to a

Published 26 Apr, 2005 12:00am

Musharraf recounts achievements of army

Musharraf recounts achievements of army

President General Pervez Musharraf chaired the formation commanders' conference that started here on Monday at the General Headquarters. The President dwelt at length on the prevailing environment encompassing international, regional and national issues w

Published 26 Apr, 2005 12:00am

Gold defies firm dollar in Asia, trapped in range

Gold defies firm dollar in Asia, trapped in range

Gold sat tight in Asia on Monday, but high crude oil prices helped the yellow metal to offset a firmer dollar, which normally reduces gold's safe-haven appeal. Spot gold was trading at $433.70/435.50 an ounce, even with $433.70/434.50 last quoted in New Y

Published 26 Apr, 2005 12:00am

Musharraf recounts achievements of army

Musharraf recounts achievements of army

President General Pervez Musharraf chaired the formation commanders' conference that started here on Monday at the General Headquarters. The President dwelt at length on the prevailing environment encompassing international, regional and national issues w

Published 26 Apr, 2005 12:00am

Tokyo gold futures fall as yen rises

Tokyo gold futures fall as yen rises

Tokyo gold futures fell to their lowest level in nearly one week on Monday, pressured by the yen's strength and active technical sales after they failed to break through a key technical resistance mark last week. Investors were keen to unwind positions ah

Published 26 Apr, 2005 12:00am

Pakistan reluctant to expand air accords

Pakistan reluctant to expand air accords

Pakistan is reluctant to expand the bilateral air agreements with Central Asian States, and South Asian, Far Eastern and Middle Eastern countries. Source in the Ministry of Defence told Business Recorder here that Pakistan has not so far responded

Published 26 Apr, 2005 12:00am

Copper falls one percent on China worries, rising stocks

Copper falls one percent on China worries, rising stocks

Copper futures slid more than 1 percent in Asia on Monday, pushed lower by growing global stocks of the industrial metal and expectations that China's government would step in to cool economic growth. The country's economy expanded 9.5 percent in the year

Published 26 Apr, 2005 12:00am

Pakistan reluctant to expand air accords

Pakistan reluctant to expand air accords

Pakistan is reluctant to expand the bilateral air agreements with Central Asian States, and South Asian, Far Eastern and Middle Eastern countries. Source in the Ministry of Defence told Business Recorder here that Pakistan has not so far responded

Published 26 Apr, 2005 12:00am

Tokyo rubber slightly up

Tokyo rubber slightly up

Tokyo rubber futures rose slightly on Monday as fund operators shifted positions into the newly listed distant October contract, with firmness in the prompt May contract providing support. The benchmark October contract on the Tokyo Commodity Exchange clo

Published 26 Apr, 2005 12:00am

Pakistan reluctant to expand air accords

Pakistan reluctant to expand air accords

Pakistan is reluctant to expand the bilateral air agreements with Central Asian States, and South Asian, Far Eastern and Middle Eastern countries. Source in the Ministry of Defence told Business Recorder here that Pakistan has not so far responded

Published 26 Apr, 2005 12:00am

Message from Minister of State for Finance

Message from Minister of State for Finance

I congratulate the Mutual Funds Association of Pakistan (MUFAP) for its second award ceremony in honour of best performing mutual funds of the Pakistan namely income Fund, Pakistan Stock Market Fund, Safeway Mutual Fund, PICIC Growth Fund and National Inv

Published 26 Apr, 2005 12:00am

EU clears 11 Pakistani seafood processing plants

EU clears 11 Pakistani seafood processing plants

The European Union (EU) has cleared 11 processing plants in Pakistan for export of seafood to its member countries. The new updated list of plants, released recently by EU and coming in force w.e.f. April 14 2005, is a follow-up of EU's mission to Pakista

Published 26 Apr, 2005 12:00am

Message from Advisor to Prime Minister on Finance, Revenue, Economic Affairs and Statistics

Message from Advisor to Prime Minister on Finance, Revenue, Economic Affairs and Statistics

I am pleased to know that the Mutual Funds Association of Pakistan is organising second "Excellence Award" ceremony. The tradition will encourage healthy competition among fund managers and induce them to excel each other in earning higher returns as well

Published 26 Apr, 2005 12:00am

EU clears 11 Pakistani seafood processing plants

EU clears 11 Pakistani seafood processing plants

The European Union (EU) has cleared 11 processing plants in Pakistan for export of seafood to its member countries. The new updated list of plants, released recently by EU and coming in force w.e.f. April 14 2005, is a follow-up of EU's mission to Pakista

Published 26 Apr, 2005 12:00am

Message from Governor State Bank of Pakistan

Message from Governor State Bank of Pakistan

It gives me immense pleasure to learn that the Mutual Funds Association of Pakistan (MUFAP) is bringing out a newspaper supplement to honour the best performing funds for the year 2004 by holding a Performance Excellence Award Ceremony on 26th April at Is

Published 26 Apr, 2005 12:00am

EU clears 11 Pakistani seafood processing plants

EU clears 11 Pakistani seafood processing plants

The European Union (EU) has cleared 11 processing plants in Pakistan for export of seafood to its member countries. The new updated list of plants, released recently by EU and coming in force w.e.f. April 14 2005, is a follow-up of EU''s mission to Pakist

Published 26 Apr, 2005 12:00am

Message from Chairman MUFAP

Message from Chairman MUFAP

It is indeed a gratifying moment for me as Chairman of Mutual Funds Association of Pakistan - MUFAP that MUFAP is today holding yet another performance Excellence Award ceremony for the second consecutive year to acknowledge and celebrate par excellence p

Published 26 Apr, 2005 12:00am

56 killed in Japan train disaster

56 killed in Japan train disaster

A crowded Japanese commuter train derailed on Monday and slammed into an apartment building, killing at least 56 people and injuring hundreds in the country's worst rail accident in more than 40 years. Workers struggled into the night to rescue people tra

Published 26 Apr, 2005 12:00am

Mutual funds industry in Pakistan

Mutual funds industry in Pakistan

The mutual funds industry plays a vital role in the operations of the financial and equity markets and consequently contributes significantly to the economy of a country. In USA and other mature and developed economies, mutual funds are one of the main en

Published 26 Apr, 2005 12:00am

56 killed in Japan train disaster

56 killed in Japan train disaster

A crowded Japanese commuter train derailed on Monday and slammed into an apartment building, killing at least 56 people and injuring hundreds in the country's worst rail accident in more than 40 years. Workers struggled into the night to rescue people tra

Published 26 Apr, 2005 12:00am

Mutual funds - the way forward

Mutual funds - the way forward

For the uninitiated investor, mutual fund investing offers a convenient and viable avenue to access the capital markets, however, unfortunately, the retail investor in Pakistan is still going through the learning curve of trying to invest for himself with

Published 26 Apr, 2005 12:00am

World Bank official proposes steps for sustainable growth

World Bank official proposes steps for sustainable growth

World Bank Vice President, Praful Patel told the inaugural session of Pakistan Development Forum that the twin challenges in this year's PDF theme are sustaining growth and improving the quality of life for all citizens. Patel in his address said that Pak

Published 26 Apr, 2005 12:00am

PICIC Asset Management Company Limited

PICIC Asset Management Company Limited

Investments work as a bridge between savings and economic growth for which development of efficient capital markets is essential. Mutual funds world over play a key role in this process and usually constitute more than 100% of the banking sector deposits

Published 26 Apr, 2005 12:00am

World Bank official proposes steps for sustainable growth

World Bank official proposes steps for sustainable growth

World Bank Vice President, Praful Patel told the inaugural session of Pakistan Development Forum that the twin challenges in this year's PDF theme are sustaining growth and improving the quality of life for all citizens. Patel in his address said that Pak

Published 26 Apr, 2005 12:00am

Al Meezan Investment Management

Al Meezan Investment Management

The Mutual Fund industry in Pakistan has shown phenomenal growth in the past couple of years, increasing its assets under management from Rs. 18.95 billion in June 2001 to Rs. 100 billion in December 2004. Its been a success story based on conducive macro

Published 26 Apr, 2005 12:00am

World Bank official proposes steps for sustainable growth

World Bank official proposes steps for sustainable growth

World Bank Vice President, Praful Patel told the inaugural session of Pakistan Development Forum that the twin challenges in this year''s PDF theme are sustaining growth and improving the quality of life for all citizens. Patel in his address said that Pa

Published 26 Apr, 2005 12:00am

AKD Investment Management Limited

AKD Investment Management Limited

AKD Investment Management Limited (AKDIML) is a wholly owned subsidiary of AKD Securities (Private) Limited. Its main objective is delivering what investors want most, access to a wide range of investment opportunities through the introduction of innovati

Published 26 Apr, 2005 12:00am

PDF meeting opens: EU cautions against rising poverty

PDF meeting opens: EU cautions against rising poverty

The European Union on Monday cautioned that poverty was on the rise in Pakistan, and suggested that the government should put in place a well thought out action plan for improvement in this key area. The caution came from Netherlands' Ambassador here duri

Published 26 Apr, 2005 12:00am

Message from Prime Minister of Pakistan

Message from Prime Minister of Pakistan

I am delighted to learn that the Pakistan readymade Garments Manufacturers & Exporters Associations (PRGMEA) is holding the 7th Export Excellence Awards Ceremony to give away trophies to those exporters who have excelled in obtaining highest FOB value in

Published 26 Apr, 2005 12:00am

PDF meeting opens: EU cautions against rising poverty

PDF meeting opens: EU cautions against rising poverty

The European Union on Monday cautioned that poverty was on the rise in Pakistan, and suggested that the government should put in place a well thought out action plan for improvement in this key area. The caution came from Netherlands' Ambassador here duri

Published 26 Apr, 2005 12:00am

Message from Minister for Commerce

Message from Minister for Commerce

I feel immense pleasure to learn that Pakistan Readymade Garments Manufacturers & Exporters Association (PRGMEA) is holding the 7th Export Excellence Awards Ceremony for the year 2004 in Lahore. These awards indeed earn recognition in local as well as int

Published 26 Apr, 2005 12:00am

PDF meeting opens: EU cautions against rising poverty

PDF meeting opens: EU cautions against rising poverty

The European Union on Monday cautioned that poverty was on the rise in Pakistan, and suggested that the government should put in place a well thought out action plan for improvement in this key area. The caution came from Netherlands'' Ambassador here dur

Published 26 Apr, 2005 12:00am

Message from Federal Minister for Ministry of Textile Industry

Message from Federal Minister for Ministry of Textile Industry

I am glad to know that the Pakistan Readymade Garments Manufacturers and Exporters Associations (PRGMEA) holding its 7th Export Excellence Awards ceremony to present trophies to ten top exporters of Readymade Garments. The awarding of 27 other trophies to

Published 26 Apr, 2005 12:00am

KSE equities receive heavy battering

KSE equities receive heavy battering

The share prices received heavy battering at the last hour of trading session on Monday, despite some positive development last weekend that banks would arrange Rs 20 billion for margin financing to stock players. The KSE-100 index denoted a decline of 10

Published 26 Apr, 2005 12:00am

Message from Chairman (Central), PRGMEA

Message from Chairman (Central), PRGMEA

This is PRGMEA 7th Export Excellence Awards ceremony being held in Lahore. The memorable ceremony will follow the set convention of distributing Trophies to top exporters of readymade garments on the basis of export made in the year 2004. In addition este

Published 26 Apr, 2005 12:00am

KSE equities receive heavy battering

KSE equities receive heavy battering

The share prices received heavy battering at the last hour of trading session on Monday, despite some positive development last weekend that banks would arrange Rs 20 billion for margin financing to stock players. The KSE-100 index denoted a decline of 10

Published 26 Apr, 2005 12:00am

Message from Zonal Chairman PRGMEA (SZ)

Message from Zonal Chairman PRGMEA (SZ)

I heartily welcome VVIPs' guests, members of the Central and Managing Committees of PRGMEA to 7th Export Excellence Awards Ceremony being held in Lahore. This is the seventh event which has been organised to commemorate the achievements of the textile val

Published 26 Apr, 2005 12:00am

KSE equities receive heavy battering

KSE equities receive heavy battering

The share prices received heavy battering at the last hour of trading session on Monday, despite some positive development last weekend that banks would arrange Rs 20 billion for margin financing to stock players. The KSE-100 index denoted a decline of 10

Published 26 Apr, 2005 12:00am

Message from Zonal Chairman (NZ) PRGMEA Lahore

Message from Zonal Chairman (NZ) PRGMEA Lahore

Our business is going through a transitional period. The transition is from the quota regime to the non-quota regime. The barriers of tariff, anti-dumping duties and safeguard measures are being and will used to control trade. The transition pains are evi

Published 26 Apr, 2005 12:00am

PTCL, OGDC and PPL record impressive growth

PTCL, OGDC and PPL record impressive growth

Pakistan Telecommunication Ltd, Oil and Gas Development Company and Pakistan Petroleum Ltd have reported healthy growth in their net incomes for the nine months ended March 31, because of higher sales and reduction in financial charges. The trend setters

Published 26 Apr, 2005 12:00am

Message from Jamshaid Hanif

Message from Jamshaid Hanif

Mr. Jamshaid Hanif, Managing Director, M/s. Pensy Garments (Pvt) Ltd Lahore who is also one of the recipient of 7th Export Excellence Award Trophies 2004 in discussions said that post-Textile Quota free exports to Europe, USA, Canada and other continents

Published 26 Apr, 2005 12:00am

PTCL, OGDC and PPL record impressive growth

PTCL, OGDC and PPL record impressive growth

Pakistan Telecommunication Ltd, Oil and Gas Development Company and Pakistan Petroleum Ltd have reported healthy growth in their net incomes for the nine months ended March 31, because of higher sales and reduction in financial charges. The trend setters

Published 26 Apr, 2005 12:00am

Pakistan Exports Statistics

Pakistan Exports Statistics

Pakistan Exports Statistics.

Published 26 Apr, 2005 12:00am

PTCL, OGDC and PPL record impressive growth

PTCL, OGDC and PPL record impressive growth

Pakistan Telecommunication Ltd, Oil and Gas Development Company and Pakistan Petroleum Ltd have reported healthy growth in their net incomes for the nine months ended March 31, because of higher sales and reduction in financial charges. The trend setters

Published 26 Apr, 2005 12:00am

Setting up a new factory or expansion of current facilities

Setting up a new factory or expansion of current facilities

Good and well thought policies help develop systems that lead societies towards general economic well being. Unfortunately, the Apparel and Clothing industry is still waiting for consistent policies that could help it contribute to the general economic we

Published 26 Apr, 2005 12:00am

Shaukat unveils growth strategy

Shaukat unveils growth strategy

Prime Minister Shaukat Aziz told Pakistan Development Forum (PDF) partners on Monday that the country's future growth strategy "is built around achieving" water security, energy security, development of infrastructure and human capital as well as continui

Published 26 Apr, 2005 12:00am

Time of great concern!

Time of great concern!

Pakistan produces almost 9% of the world's cotton production.

Published 26 Apr, 2005 12:00am

Shaukat unveils growth strategy

Shaukat unveils growth strategy

Prime Minister Shaukat Aziz told Pakistan Development Forum (PDF) partners on Monday that the country's future growth strategy "is built around achieving" water security, energy security, development of infrastructure and human capital as well as continui

Published 26 Apr, 2005 12:00am

Top 20 Exporters of Textile Quota Categories on all Pakistan basis on 2004

Top 20 Exporters of Textile Quota Categories on all Pakistan basis on 2004

Trade Policy proposals for 2005-2006 on behalf of PRGMEA Association. The outline of the problems being faced by the Industry and recommendations are:

Published 26 Apr, 2005 12:00am

Shaukat unveils growth strategy

Shaukat unveils growth strategy

Prime Minister Shaukat Aziz told Pakistan Development Forum (PDF) partners on Monday that the country''s future growth strategy "is built around achieving" water security, energy security, development of infrastructure and human capital as well as continu

Published 26 Apr, 2005 12:00am

Karachi interbank rates

Karachi interbank rates

Karachi interbank rates on Monday (April 25, 2005).

Published 26 Apr, 2005 12:00am

Range-bound activity on LSE

Range-bound activity on LSE

Lack of investors' interest on account of confusion over the COT issue kept business activity range-bound on local share market, with the index ending in negative zone and losers beating gainers with a wide margin. The LSE-25 index moved down to 3,560.39

Published 26 Apr, 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 26 Apr, 2005 12:00am

Range-bound activity on LSE

Range-bound activity on LSE

Lack of investors' interest on account of confusion over the COT issue kept business activity range-bound on local share market, with the index ending in negative zone and losers beating gainers with a wide margin. The LSE-25 index moved down to 3,560.39

Published 26 Apr, 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 26 Apr, 2005 12:00am

ISE index down by 66.24 points

ISE index down by 66.24 points

Bears returned on the driving seat at the Islamabad Stock Exchange (ISE) where equities showed negative signs amid decrease in index. ISE Network Index was down by 66.24 points as the rate-based indicator moved from 12,268.68 to 12,202.44 points. The over

Published 26 Apr, 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 Monday (April 25, 2005).

Published 26 Apr, 2005 12:00am

ISE index down by 66.24 points

ISE index down by 66.24 points

Bears returned on the driving seat at the Islamabad Stock Exchange (ISE) where equities showed negative signs amid decrease in index. ISE Network Index was down by 66.24 points as the rate-based indicator moved from 12,268.68 to 12,202.44 points. The over

Published 26 Apr, 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 Monday (April 25, 2005).

Published 26 Apr, 2005 12:00am

Gulf Air back in black

Gulf Air back in black

Gulf Air returned to profit for the first time since 1997, posting a 2004 net profit of $4 million on Monday compared with a loss of $52.8 million the previous year. The Bahrain-based airline said the strong results exceeded its targets despite high fuel

Published 26 Apr, 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 Monday (April 25, 2005).

Published 26 Apr, 2005 12:00am

Gulf Air back in black

Gulf Air back in black

Gulf Air returned to profit for the first time since 1997, posting a 2004 net profit of $4 million on Monday compared with a loss of $52.8 million the previous year. The Bahrain-based airline said the strong results exceeded its targets despite high fuel

Published 26 Apr, 2005 12:00am

LIBOR calculating interest on US dollar

LIBOR calculating interest on US dollar

London Interbank Offer Rates on for calculating interest on special US dollar on Monday (April 25, 2005).

Published 26 Apr, 2005 12:00am

Japanese copier and camera firms to forecast profit gains

Japanese copier and camera firms to forecast profit gains

Fuji Photo Film Co and Ricoh Co are likely to project double-digit profit growth for this business year when they report earnings this week on the back of solid demand for office machines and cost-cuts.

Published 26 Apr, 2005 12:00am

Interest rates on old and incremental FCY deposits

Interest rates on old and incremental FCY deposits

Interest rates on old and incremental FCY deposits on Monday (April 25, 2005).

Published 26 Apr, 2005 12:00am

Japanese copier and camera firms to forecast profit gains

Japanese copier and camera firms to forecast profit gains

Fuji Photo Film Co and Ricoh Co are likely to project double-digit profit growth for this business year when they report earnings this week on the back of solid demand for office machines and cost-cuts.

Published 26 Apr, 2005 12:00am

Interest rates on new foreign currency deposits

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 Monday (April 25, 2005).

Published 26 Apr, 2005 12:00am

India's Jet leases 5 planes

India's Jet leases 5 planes

India's largest domestic carrier, Jet Airways Ltd, has leased five additional aircrafts for its domestic and international operations, and expects to launch services to London in May, the company said. Jet has leased three Airbus A340-300s from South Afri

Published 26 Apr, 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 Monday (April 25, 2005).

Published 26 Apr, 2005 12:00am

New members angry at EU budget proposals

New members angry at EU budget proposals

New east European members of the European Union voiced anger on Monday at budget proposals they say would rob them of vital aid while continuing to channel money to wealthier states such as Spain. Foreign ministers of the 25-nation bloc clashed at their m

Published 26 Apr, 2005 12:00am

Banks' rates for currency notes (buying and selling)

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 Monday (April 25, 2005).

Published 26 Apr, 2005 12:00am

PPIB fails to work out bidding schedule for three thermal power projects

PPIB fails to work out bidding schedule for three thermal power projects

The Private Power Infrastructure Board (PPIB) has failed to evolve consensus over offering schedule for three thermal power projects for competitive bidding, sources told Business Recorder. They said that when the issue came under discussion in the

Published 26 Apr, 2005 12:00am

Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Monday (April 25, 2005).

Published 26 Apr, 2005 12:00am

PPIB fails to work out bidding schedule for three thermal power projects

PPIB fails to work out bidding schedule for three thermal power projects

The Private Power Infrastructure Board (PPIB) has failed to evolve consensus over offering schedule for three thermal power projects for competitive bidding, sources told Business Recorder. They said that when the issue came under discussion in the

Published 26 Apr, 2005 12:00am

Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Monday (April 25, 2005).

Published 26 Apr, 2005 12:00am

Malik Javed's family calls on Prime Minister

Malik Javed's family calls on Prime Minister

The family members of Pakistan Embassy (in Iraq) official Malik Muhammad Javed, freed by his kidnappers in Iraq, called on Prime Minister Shaukat Aziz here on Monday and thanked him for his personal interest in securing Javed's safe release. The family me

Published 26 Apr, 2005 12:00am

EFU Managed Growth Fund Rates

EFU Managed Growth Fund Rates

EFU Managed Growth Fund Rates on Monday (April 25, 2005).

Published 26 Apr, 2005 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 24	278.80
USD PKR Interbank Buying / Jan 24	278.60
USD to Japanese Yen / Jan 24	156
USD to Swiss Franc / Jan 24	0.91
Pound Sterling to USD / Jan 24	1.25
Euro to USD / Jan 24	1.05

Stock	Volume
S&P 500 / Jan 24	6,101.24
India Sensex / Jan 24	76,190.46
Tokyo Nikkei / Jan 24	39,931.98
Nasdaq / Jan 24	19,954.30
Hang Seng / Jan 24	20,066.19
FTSE 100 / Jan 24	8,502.35
Dow Jones / Jan 24	44,424.25
Germany DAX 30 / Jan 24	21,394.93

Item	Value
Crude Oil USD/Barrel / Jan 24	74.66
Karachi Cotton PKR/37.32 KG / Jan 24	18,485
Gold 10 Grams PKR / Jan 24	248,285
Gold Spot USD/Ounce / Jan 24	2,770.58
Cotton US¢/pound / Jan 24	67.61
Petrol/Litre / Jan 27	256.13

Gainers
Losers
Leaders

Stock	Price
Chenab Ltd / Jan 27 Chenab Limited(CHBL)	8.57 ▲ 1 (13.21%)
Cresent Jute / Jan 27 Crescent Jute Products Limited(CJPL)	5.65 ▲ 0.61 (12.1%)
Chenab Ltd (Pref) / Jan 27 Chenab Limited (Pref)(CLCPS)	3.85 ▲ 0.41 (11.92%)
Leather Up Ltd. / Jan 27 Leather Up Limited(LEUL)	36.70 ▲ 3.34 (10.01%)
At-Tahur Ltd. / Jan 27 At-Tahur Limited(PREMA)	25.85 ▲ 2.35 (10%)
Calcorp Ltd / Jan 27 Calcorp Limited(CASH)	35.80 ▲ 3.25 (9.98%)
Saritow Spinning / Jan 27 Saritow Spinning Mills Limited(SSML)	12.24 ▲ 1.11 (9.97%)
Habib Rice Products / Jan 27 Habib Rice Product Limited(HRPL)	35.85 ▲ 3.25 (9.97%)
Redco Textile / Jan 27 Redco Textiles Limited(REDCO)	17.67 ▲ 1.6 (9.96%)

Stock	Price
National Silk / Jan 27 The National Silk & Rayon Mills Limited(NSRM)	50 ▼ -5.44 (-9.81%)
Hafiz Ltd. / Jan 27 Hafiz Limited(HAFL)	255 ▼ -26.68 (-9.47%)
Kohat Textile / Jan 27 Kohat Textile Mills Limited(KOHTM)	32.05 ▼ -3.08 (-8.77%)
Pak Gulf Leasing / Jan 27 Pak-Gulf Leasing Company Limited(PGLC)	19.07 ▼ -1.82 (-8.71%)
Sui South Gas / Jan 27 Sui Southern Gas Company Limited(SSGC)	40.12 ▼ -3.8 (-8.65%)
Idrees Tex. / Jan 27 Idrees Textile Mills Limited(IDRT)	11.70 ▼ -0.95 (-7.51%)
Pak. P.V.C. / Jan 27 Pakistan PVC Limited(PPVC)	10.61 ▼ -0.79 (-6.93%)
Shadab Textile / Jan 27 Shadab Textile Mills Limited(SHDT)	20.50 ▼ -1.5 (-6.82%)
MCB Invest. Managmt. / Jan 27 MCB Investment Management Limited(MCBIM)	65.04 ▼ -4.71 (-6.75%)

Stock	Volume
Cnergyico PK / Jan 27 Cnergyico PK Limited(CNERGY)	61,454,571 ▼ -0.15
Sui South Gas / Jan 27 Sui Southern Gas Company Limited(SSGC)	57,677,562 ▼ -3.8
WorldCall Telecom / Jan 27 Worldcall Telecom Limited(WTL)	33,767,457 ▼ -0.02
The Searle Co. / Jan 27 The Searle Company Limited(SEARL)	26,713,969 ▼ -2.09
Fauji Cement / Jan 27 Fauji Cement Company Limited(FCCL)	20,797,108 ▼ -0.96
Citi Pharma Ltd / Jan 27 Citi Pharma Ltd.(CPHL)	18,489,077 ▼ -2.43
Ghani Chem. Ind. / Jan 27 Ghani Chemical Industries Limited(GCIL)	17,202,553 ▲ 0.93
Waves Corporation / Jan 27 Waves Corporation Limited(WAVES)	16,079,475 ▲ 0.07
Maple Leaf Cement / Jan 27 Maple Leaf Cement Factory Limited(MLCF)	15,337,516 ▼ -0.81

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NJLI Sarmaya Growth Fund Rates

Pakistan squad for ICC Men’s Champions Trophy 2025 finalised

Pakistan squad for ICC Men’s Champions Trophy 2025 finalised

Telenor acquisition: CCP shares ‘conditions’ with PTCL

Telenor acquisition: CCP shares ‘conditions’ with PTCL

PIA operates first international flight from NGIA

PIA operates first international flight from NGIA

SBP likely to deliver sixth straight rate cut to revive economy

SBP likely to deliver sixth straight rate cut to revive economy

Domestic consumers spared: Gas made costlier for captive power plants

Domestic consumers spared: Gas made costlier for captive power plants

FBR chief stands firm on decision to purchase 1,010 cars for tax officers

FBR chief stands firm on decision to purchase 1,010 cars for tax officers

Pakistan, World Bank agree to expedite implementation of Dasu Hydropower Project

Pakistan, World Bank agree to expedite implementation of Dasu Hydropower Project

Taxable products’ supply: GST-registered entities must file monthly stock returns: FBR

Taxable products’ supply: GST-registered entities must file monthly stock returns: FBR