News Archives for Print - 2005-04-27

US treasuries bid yields

US treasuries bid yields on Tuesday (April 26, 2005).

Published 27 Apr, 2005 12:00am

Dewan Spinning Mills IPO today

The Dewan Farooque Spinning Mills Limited (DFSML) has recently published its prospectus for offering 15,000,000 IPO of its ordinary shares to the general public. The subscription list will open on April 27 and will close on April 28, 2005. The issue has b

Published 27 Apr, 2005 12:00am

US treasuries bid yields

US treasuries bid yields on Tuesday (April 26, 2005).

Published 27 Apr, 2005 12:00am

Dewan Spinning Mills IPO today

The Dewan Farooque Spinning Mills Limited (DFSML) has recently published its prospectus for offering 15,000,000 IPO of its ordinary shares to the general public. The subscription list will open on April 27 and will close on April 28, 2005. The issue has b

Published 27 Apr, 2005 12:00am

US treasuries bid prices

US treasuries bid prices on Tuesday (April 26, 2005).

Published 27 Apr, 2005 12:00am

CBR facing hurdles in tax net broadening: LTU director-general

In order to enhance the tax base, there should be free flow of information to gather accurate data about potential taxpayers, Large Taxpayers Unit (LTU) director-general Shahid Jamal said on Tuesday. Speaking at a pre-budget seminar organised by the Insti

Published 27 Apr, 2005 12:00am

US treasuries bid prices

US treasuries bid prices on Tuesday (April 26, 2005).

Published 27 Apr, 2005 12:00am

Malaysian investors meet Board of Investment chairman

Thirteen-member Malaysian delegation led by CIDB Chairman Datuk Abdul Rehman Abdullah held a meeting with Board of Investment (BoI) Chairman Waseem Haqqie here on Tuesday. The Malaysian delegation showed keen interest for investment in the joint ventures

Published 27 Apr, 2005 12:00am

US treasuries bid prices

US treasuries bid prices on Tuesday (April 26, 2005).

Published 27 Apr, 2005 12:00am

FTO Ordinance to ensure accountability, good governance

The Federal Tax Ombudsman (FTO), Munir A Sheikh, has said that FTO Ordinance is in the nature of a welfare legislation introducing accountability in tax administration for achieving good governance and healthy tax culture and providing clear and friendly

Published 27 Apr, 2005 12:00am

Open market rates of foreign currencies

Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Tuesday (April 26, 2005).

Published 27 Apr, 2005 12:00am

President seeks nation's support on Kashmir issue

President General Pervez Musharraf on Tuesday said the longstanding Jammu and Kashmir dispute will be resolved with the support of people and vowed that he would never let Kashmiri people and the Pakistani nation down in this regard. The President said de

Published 27 Apr, 2005 12:00am

London Interbank Offered Rates

London Interbank Offered Rates (LIBOR) on Tuesday (April 26, 2005).

Published 27 Apr, 2005 12:00am

Pressure tactics by government condemned

President PML-N Lawyers Forum, Rana Mushood Hussain, has condemned the government for using pressure tactics to force the PML-N legislators to change their loyalties. While addressing a press conference here on Tuesday he said PML-N would move a reference

Published 27 Apr, 2005 12:00am

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Tuesday (April 26, 2005).

Published 27 Apr, 2005 12:00am

US to be invisibly involved in peace talks

"United States, especially its President, would keep invisibly involved in the Indo-Pak peace process and do whatever we can to keep the process between the two countries continued on a good track," said former US ambassador in Pakistan, William Millam. I

Published 27 Apr, 2005 12:00am

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Tuesday (April 26, 2005).

Published 27 Apr, 2005 12:00am

193 villages declared calamity-hit

Provincial Revenue and Relief Department has declared 166 villages of district Attock and 27 villages of Dera Ghazi Khan as calamity-affected areas due to heavy rains, flooding of Nullahs and other natural calamities.

Published 27 Apr, 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 (April 26, 2005).

Published 27 Apr, 2005 12:00am

India tests multi-target missile

India on Tuesday test fired Trishul, a indigenously developed multi-target surface-to-air missile from Integrated Test Range at Chandipur-on-sea, about 15 km from Balasore (Orissa). The missile was launched from a mobile launcher, said, however, it was no

Published 27 Apr, 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 (April 26, 2005).

Published 27 Apr, 2005 12:00am

India tests multi-target missile

India on Tuesday test fired Trishul, a indigenously developed multi-target surface-to-air missile from Integrated Test Range at Chandipur-on-sea, about 15 km from Balasore (Orissa). The missile was launched from a mobile launcher, said, however, it was no

Published 27 Apr, 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 (April 26, 2005).

Published 27 Apr, 2005 12:00am

Seven killed in Indian occupied Kashmir

Indian troops killed six freedom fighters in an Indian occupied Kashmir, while suspected freedom fighters hanged to death a civilian, police and army officials said on Tuesday. The freedom fighters were killed during gun battles in the forests of Kupwara

Published 27 Apr, 2005 12:00am

Interest rates on old and incremental FCY deposits

Interest rates on old and incremental FCY deposits on Tuesday (April 26, 2005).

Published 27 Apr, 2005 12:00am

Wapda-NWFP meeting today

The Water and Power Development Authority (Wapda) and the NWFP government have decided to evolve consensus on the name of chairman of arbitration tribunal sans the Prime Minister Secretariat, highly-placed sources in Wapda told Business Recorder. Sources

Published 27 Apr, 2005 12:00am

LIBOR calculating interest on US dollar

London Interbank Offer Rates on for calculating interest on special US dollar on Tuesday (April 26, 2005).

Published 27 Apr, 2005 12:00am

Problems of polypropylene units in tariff area highlighted

The Pakistan Polypropylene Association (PPA) has criticised the government policy towards the Karachi Export Processing Zone (KEPZ) PP units and demanded of the CBR that it should withdraw SRO 410 to ensure a level playing field to the tariff area industr

Published 27 Apr, 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 (April 26, 2005).

Published 27 Apr, 2005 12:00am

China to deliver 150 railway wagons by June

China would hand over 150 high capacity railway freight wagons to Pakistan by the end of June, said Minister for Railways Mian Shamim Haider here on Tuesday. Talking to newsmen at the end of his ten-day visit to China, he said he held very fruitful discus

Published 27 Apr, 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 (April 26, 2005).

Published 27 Apr, 2005 12:00am

Indian chief election commissioner due on April 29

Indian Chief Election Commissioner (CEC) T.S. Krishna Morthy and his wife will arrive here on (Friday) April 29 on a three-day official visit. He is visiting Islamabad on the invitation of acting Election Commissioner of Pakistan Abdul Hameed Dogar, offic

Published 27 Apr, 2005 12:00am

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Tuesday (April 26, 2005).

Published 27 Apr, 2005 12:00am

1407 acres land allocated for cantt areas in Gwadar

Defence minister Rao Sikander Iqbal on a question raised by Senator Ilyas Ahmad Bilour informed the Senate that Rs 967.3 million had been spent on upgradation of airports during last two years and said there is no proposal regarding construction of a new

Published 27 Apr, 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 27 Apr, 2005 12:00am

Opposition denounces military's commercialisation

Opposition parties in the Senate on Tuesday termed growing 'lust' in the top military ranks for power and material gains a 'greatest' threat for country's survival and solidarity. As the Upper House headed towards conclusion of a two-day marathon debate o

Published 27 Apr, 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 27 Apr, 2005 12:00am

Heavy rains in NWFP

The heavy rains in district Batgram triggered a series of landslides blocking and closing down Illahi Thakot road for all kind of traffic. The Mansehra and Kohistan districts also received heavy rains.

Published 27 Apr, 2005 12:00am

Karachi interbank rates

Karachi interbank rates on Tuesday (April 26, 2005).

Published 27 Apr, 2005 12:00am

EDF approves four projects worth Rs 264.5 million

The board of Export Development Fund (EDF) on Tuesday approved four projects worth Rs 264.5 million in Lahore, Karachi and Multan to boost country's exports. The decision was made here in 40th meeting of the EDF board with Commerce Minister Humayun Akhtar

Published 27 Apr, 2005 12:00am

Hungary grain intervention up as storage found

Hungary has accepted two million tonnes of grain into intervention as purchases speed up because more storage of adequate quality has been found, the Agriculture and Rural Development Office said on Tuesday. "Grain intervention became faster in the last c

Published 27 Apr, 2005 12:00am

FROM A RINGSIDE SEAT

Spread over two sittings, the Senate on Tuesday discussed political situation in the country with opposition sticking to its guns that the Musharraf-Aziz combine has no other agenda than regime survival. Opposition senators dominated the debate, but the f

Published 27 Apr, 2005 12:00am

India strikes first new-crop wheat export deal

India has sold about 20,000 tonnes of milling wheat to a Middle East buyer in what regional grain traders believe is the first sale by the South Asian nation from its new crop harvest. The deal was finalised at about $170 a tonne, free-on-board, and would

Published 27 Apr, 2005 12:00am

Treasury stages walkout from Senate

Perhaps for the first time, the treasury staged a walkout retaliating to the opposition's similar move in the Senate on Tuesday. An interesting situation cropped up when the ruling coalition's chief whip, Kamil Ali Agha, flayed the opposition for the toke

Published 27 Apr, 2005 12:00am

EU approves detection method for illegal GMO maize

EU scientists have approved a detection method for an unauthorised genetically modified (GMO) maize that found its way into Europe, several weeks after the mix-up came to light, officials said on Monday. This month, Europe blocked imports of US maize anim

Published 27 Apr, 2005 12:00am

Task force soon to develop steel sector: minister

The Federal Minister for Industries, Production and Special Initiatives, Jahangir Khan Tareen has said that a task force will be formed soon to develop the steel sector, says a press release issued here on Tuesday. Chairing a high-level meeting of Pakista

Published 27 Apr, 2005 12:00am

New York cocoa extends three-month low as funds resume sales

US cocoa futures fell more than 1 percent to a fresh three-month low on Monday as funds resumed dumping their long positions amid signs of improving conditions in top cocoa grower Ivory Coast, traders said. "Speculative selling pretty much pushed us to ne

Published 27 Apr, 2005 12:00am

Foundation stone laying ceremony of Lady Doctors Hostel held

Federal Minister for Health, Nasir Khan said that ministry is planning to provide hostel facilities to all doctors in their hospitals. The ministry will announce the plan soon, he added while addressing the foundation stone laying ceremony of "Lady Doctor

Published 27 Apr, 2005 12:00am

Drought-hit South Africa needs 80,000 tonnes maize

At least 80,000 tonnes of maize is needed in six Southern African countries between April and June as parts of the region face the worst droughts in a decade, an aid organisation has said. The United Nations World Food Programme (WFP) said prolonged dry s

Published 27 Apr, 2005 12:00am

Soomro and Arbab meet Prime Minister

Senate chairman Mohammadmian Soomro and Sindh Chief Minister Dr. Arbab Ghulam Rahim called on Prime Minister Shaukat Aziz on Tuesday. The Prime Minster discussed legislative agenda with the Senate chairman during the ongoing session and noted that the Upp

Published 27 Apr, 2005 12:00am

New York coffee closes slightly down in choppy trading

Arabica coffee futures finished a touch weaker on Monday following last week's rally that had vaulted prices to their highest in two weeks. "We saw some call spread buying on, but in the last hour and a half we were pretty even," said a trader. The New Yo

Published 27 Apr, 2005 12:00am

Bangladesh wants Saarc summit in December

Bangladesh wants to hold the twice-postponed summit of the South Asian Association for Regional Co-operation (Saarc) in December, the foreign ministry said, according to a media report on Tuesday. "We're working to find a suitable time for us and other me

Published 27 Apr, 2005 12:00am

Chinese corn flies off the shelf after subsidies

After a slow start this year, Chinese corn exports have gathered pace to cross a million tonnes a month after local governments allocated additional subsidies for overseas sales, traders said on Tuesday. They said some Chinese suppliers were making fresh

Published 27 Apr, 2005 12:00am

Bangladesh wants Saarc summit in December

Bangladesh wants to hold the twice-postponed summit of the South Asian Association for Regional Co-operation (Saarc) in December, the foreign ministry said, according to a media report on Tuesday. "We're working to find a suitable time for us and other me

Published 27 Apr, 2005 12:00am

Toyota to increase capacity

Toyota Motor Corp said on Tuesday it would invest $40 million to increase annual output capacity at a plant in Indonesia by 43 percent by the end of this year to meet strong demand for its IMV trucks. Toyota, Japan's biggest auto maker, said it would incr

Published 27 Apr, 2005 12:00am

Law for KPT conversion into corporation ready

A draft of the ''Act'' to convert Karachi Port Trust (KPT) into a corporation has been prepared. This was stated by Karachi Port Trust (KPT) Chairman, retired Admiral Ahmed Hayat while talking to newsmen after a meeting of Karachi Customs Agents Group (KC

Published 27 Apr, 2005 12:00am

Indian software stocks may have lost their gloss but still sound bets

India's much vaunted software companies have ridden the boom and bust of a volatile tech sector to produce bumper results year in year out for the past decade but as recent results suggest, the best may be over for them, analysts say. At the same time, th

Published 27 Apr, 2005 12:00am

Law for KPT conversion into corporation ready

A draft of the 'Act' to convert Karachi Port Trust (KPT) into a corporation has been prepared. This was stated by Karachi Port Trust (KPT) Chairman, retired Admiral Ahmed Hayat while talking to newsmen after a meeting of Karachi Customs Agents Group (KCAG

Published 27 Apr, 2005 12:00am

Indian software stocks may have lost their gloss but still sound bets

India's much vaunted software companies have ridden the boom and bust of a volatile tech sector to produce bumper results year in year out for the past decade but as recent results suggest, the best may be over for them, analysts say. At the same time, th

Published 27 Apr, 2005 12:00am

Law for KPT conversion into corporation ready

A draft of the 'Act' to convert Karachi Port Trust (KPT) into a corporation has been prepared. This was stated by Karachi Port Trust (KPT) Chairman, retired Admiral Ahmed Hayat while talking to newsmen after a meeting of Karachi Customs Agents Group (KCAG

Published 27 Apr, 2005 12:00am

China's to-do list for currency change

When China's central bank governor ignited fresh currency speculation by saying he saw no major obstacles to a yuan adjustment, he also spoke of wider reform measures that were still under review. But what exactly does China need to do? Analysts said Beij

Published 27 Apr, 2005 12:00am

Investors asked to open CDC accounts by April 30

Central Depository Company (CDC) has advised market participants to open CDC investor accounts by April 30, 2005, for the security of their investment in stock market. According to an announcement by CDC here on Tuesday, the Securities and Exchange Commis

Published 27 Apr, 2005 12:00am

German economic recovery at standstill

Germany's economic recovery has come to a standstill, the country's six leading research institutes said on Tuesday, saying they have halved their 2005 German growth forecast to 0.7 percent from 1.5 percent. In their semi-annual report on the health of Eu

Published 27 Apr, 2005 12:00am

Investors asked to open CDC accounts by April 30

Central Depository Company (CDC) has advised market participants to open CDC investor accounts by April 30, 2005, for the security of their investment in stock market. According to an announcement by CDC here on Tuesday, the Securities and Exchange Commis

Published 27 Apr, 2005 12:00am

All Indian villages to have telephones by 2007

India will connect all its 600,000-plus villages by telephone within two years when it will boast 250 million lines, Telecom Minister Dayanidhi Maran said Tuesday. "We have visualised that by 2007 the country will have 250 million telephones and the tele-

Published 27 Apr, 2005 12:00am

Sindh food department procures 0.3 million tons wheat

Sindh food department claimed to have procured over 0.3 million tonnes of wheat till Monday and is well on its way to achieve its wheat procurement target of 0.5 million tonnes. Food department sources claimed that in view of the crop size, there are poss

Published 27 Apr, 2005 12:00am

France seeks emergency EU curbs on China textiles

France lodged a formal request with the European Commission on Tuesday for emergency action to curb Chinese textile imports, which have leapt since the abolition of a global quotas regime on January 1. A spokeswoman said the EU executive received a letter

Published 27 Apr, 2005 12:00am

PSO, MCB, Hubco and DGKC to announce results

Investors would be busy for the next two days as more corporate earnings would hit the stock market where Pakistan State Oil, Muslim Commercial Bank, Hubco and D G Khan Cement would be reporting higher income for the third quarter ended March 31, 2005. In

Published 27 Apr, 2005 12:00am

Honda Motor posts record net profit for fourth straight year

Japan's Honda Motor on Tuesday said it posted a fourth consecutive annual net profit thanks to strong sales and despite currency losses but warned of lower earnings in the current year. Honda, ranked number three in Japan, said net profit rose 4.7 percent

Published 27 Apr, 2005 12:00am

PSO, MCB, Hubco and DGKC to announce results

Investors would be busy for the next two days as more corporate earnings would hit the stock market where Pakistan State Oil, Muslim Commercial Bank, Hubco and D G Khan Cement would be reporting higher income for the third quarter ended March 31, 2005. In

Published 27 Apr, 2005 12:00am

Honda Motor posts record net profit for fourth straight year

Japan's Honda Motor on Tuesday said it posted a fourth consecutive annual net profit thanks to strong sales and despite currency losses but warned of lower earnings in the current year. Honda, ranked number three in Japan, said net profit rose 4.7 percent

Published 27 Apr, 2005 12:00am

PSO, MCB, Hubco and DGKC to announce results

Investors would be busy for the next two days as more corporate earnings would hit the stock market where Pakistan State Oil, Muslim Commercial Bank, Hubco and D G Khan Cement would be reporting higher income for the third quarter ended March 31, 2005. In

Published 27 Apr, 2005 12:00am

Singapore and Malaysia end sea dredging dispute

Singapore and Malaysia ended a two-year dispute on Tuesday over Singapore's land-reclamation works in a narrow strip of sea that separates the neighbours, the latest improvement in often-strained relations. Singapore's Foreign Affairs Minister George Yeo

Published 27 Apr, 2005 12:00am

Aiyar to visit Pakistan from May 25

Indian Petroleum Minister, Mani Shankar Aiyar will visit Pakistan next month to discuss the $4.16 billion Iran-Pakistan-India gas pipeline project. During his visit, starting from May 25, Aiyar would discuss import of natural gas from Iran through a 2600-

Published 27 Apr, 2005 12:00am

India seen holding rates but inflation poses risk

India's central bank is expected to hold key interest rates steady to spur growth in its annual policy statement on Thursday, but analysts said a rate increase could not be ruled out given rising inflation. They were also wary of the Reserve Bank of India

Published 27 Apr, 2005 12:00am

Aiyar to visit Pakistan from May 25

Indian Petroleum Minister, Mani Shankar Aiyar will visit Pakistan next month to discuss the $4.16 billion Iran-Pakistan-India gas pipeline project. During his visit, starting from May 25, Aiyar would discuss import of natural gas from Iran through a 2600-

Published 27 Apr, 2005 12:00am

Senate panel OKs Portman as US trade representative

The US Senate Finance Committee on Tuesday approved, on a voice vote, the nomination of Robert Portman to be the top US trade official. The nomination now goes to the full Senate, where Sen. Evan Bayh, an Indiana Democrat, has threatened to place a "hold"

Published 27 Apr, 2005 12:00am

Aiyar to visit Pakistan from May 25

Indian Petroleum Minister, Mani Shankar Aiyar will visit Pakistan next month to discuss the $4.16 billion Iran-Pakistan-India gas pipeline project. During his visit, starting from May 25, Aiyar would discuss import of natural gas from Iran through a 2600-

Published 27 Apr, 2005 12:00am

Iran and UAE say oil market well supplied

The oil ministers of Iran and the United Arab Emirates said Tuesday that oil markets are well supplied despite crude prices hovering well over $50 a barrel. "The oil market is well supplied, it may be oversupplied," said Iranian Oil Minister Bijan Zangane

Published 27 Apr, 2005 12:00am

Schlumberger quarterly profit more than doubles

Oilfield services company Schlumberger Ltd on Tuesday reported its quarterly earnings more than doubled as customers ramped up exploration and production in response to high energy prices. Net income, including discontinued operations, rose to $523 millio

Published 27 Apr, 2005 12:00am

Swedish and Finnish prime ministers reject EU jet fuel tax

The prime ministers of European Union members Sweden and Finland said on Tuesday a proposal that the EU may levy an air travel tax to raise funds for aid to poor countries was not a good idea. EU ministers are to discuss the issue in Luxembourg on May 13-

Published 27 Apr, 2005 12:00am

Schlumberger quarterly profit more than doubles

Oilfield services company Schlumberger Ltd on Tuesday reported its quarterly earnings more than doubled as customers ramped up exploration and production in response to high energy prices. Net income, including discontinued operations, rose to $523 millio

Published 27 Apr, 2005 12:00am

Asian hedge funds' growth may wrongfoot unwary

Rapid growth in Asia's hedge fund industry raises risks that some inexperienced managers could be caught out by a liquidity crunch, industry figures say. Asian hedge funds, now overseeing more than $60 billion in assets out of a global industry total of $

Published 27 Apr, 2005 12:00am

Nokia launches camera phone for sports enthusiasts

The world's top mobile phone maker Nokia launched a camera phone, the 5140i, targeted at sport enthusiasts, and aims to start shipments in the second quarter, the group saaid in a statement on Tuesday Nokia said the new phone, which includes features such

Published 27 Apr, 2005 12:00am

Asian hedge funds' growth may wrongfoot unwary

Rapid growth in Asia's hedge fund industry raises risks that some inexperienced managers could be caught out by a liquidity crunch, industry figures say. Asian hedge funds, now overseeing more than $60 billion in assets out of a global industry total of $

Published 27 Apr, 2005 12:00am

ISE index recovers

Equities witnessed broad-based recovery on the Islamabad Stock Exchange (ISE) where star performers showed substantial gains under the lead of Fauji Fertiliser, OGDC, PTCL and PPL amid increase in index. ISE chairman Abdul Waheed Jan said the market witne

Published 27 Apr, 2005 12:00am

UK factory orders fall

British factory order books deteriorated at their fastest rate in 1-1/2 years in April and soaring oil prices pushed up costs at their most rapid pace in 10 years, an industry survey showed on Tuesday. The Confederation of British Industry said its monthl

Published 27 Apr, 2005 12:00am

ISE index recovers

Equities witnessed broad-based recovery on the Islamabad Stock Exchange (ISE) where star performers showed substantial gains under the lead of Fauji Fertiliser, OGDC, PTCL and PPL amid increase in index. ISE chairman Abdul Waheed Jan said the market witne

Published 27 Apr, 2005 12:00am

Reckitt first quarter profits shine

Reckitt Benckiser reported a better than expected 20 percent rise in first-quarter profits on Tuesday, but shares in the world's biggest household goods maker slipped on worries over profit margins and a sales slowdown in North America. The maker of Finis

Published 27 Apr, 2005 12:00am

LSE index gains 117.86 points

Equities registered gains across the board on the Lahore Stock Exchange (LSE) amid ascending transaction volume due mainly to fresh buying, triggered as a result of announcement regarding extension of COT in the scrips of as many as 30 companies. The LSE-

Published 27 Apr, 2005 12:00am

Reckitt first quarter profits shine

Reckitt Benckiser reported a better than expected 20 percent rise in first-quarter profits on Tuesday, but shares in the world's biggest household goods maker slipped on worries over profit margins and a sales slowdown in North America. The maker of Finis

Published 27 Apr, 2005 12:00am

LSE index gains 117.86 points

Equities registered gains across the board on the Lahore Stock Exchange (LSE) amid ascending transaction volume due mainly to fresh buying, triggered as a result of announcement regarding extension of COT in the scrips of as many as 30 companies. The LSE-

Published 27 Apr, 2005 12:00am

Eurotunnel seeks debt write-off as loss narrows

Indebted tunnel operator Eurotunnel proposed writing off more than half its debt after posting what it called disappointing results on Tuesday, in an opening gambit before debt talks start in July. The proposal was immediately swatted down by Eurotunnel c

Published 27 Apr, 2005 12:00am

ECC for strict steps to bring down sugar prices; 0.25 million tonnes urea to be imported for Kharif

The Economic Co-ordination Committee (ECC) of the Cabinet has decided to take strict measures against speculators to bring sugar prices within the reach of common man. "The ECC took serious note of prevalent sugar prices and said that a ''cartel'' was beh

Published 27 Apr, 2005 12:00am

Mittal first quarter net profit jumps

The world's top steel maker, Mittal, more than doubled its first-quarter net profit, reaping the benefit of high steel prices, but forecast lower operating income due to a surge in raw material costs. Mittal Steel, which became the top steel producer afte

Published 27 Apr, 2005 12:00am

ECC for strict steps to bring down sugar prices; 0.25 million tonnes urea to be imported for Kharif

The Economic Co-ordination Committee (ECC) of the Cabinet has decided to take strict measures against speculators to bring sugar prices within the reach of common man. "The ECC took serious note of prevalent sugar prices and said that a 'cartel' was behin

Published 27 Apr, 2005 12:00am

Mittal first quarter net profit jumps

The world's top steel maker, Mittal, more than doubled its first-quarter net profit, reaping the benefit of high steel prices, but forecast lower operating income due to a surge in raw material costs. Mittal Steel, which became the top steel producer afte

Published 27 Apr, 2005 12:00am

ECC for strict steps to bring down sugar prices; 0.25 million tonnes urea to be imported for Kharif

The Economic Co-ordination Committee (ECC) of the Cabinet has decided to take strict measures against speculators to bring sugar prices within the reach of common man. "The ECC took serious note of prevalent sugar prices and said that a 'cartel' was behin

Published 27 Apr, 2005 12:00am

DuPont profit rises

DuPont Co on Tuesday said first-quarter profit rose 45 percent, helped by strong sales of farm chemicals and plastics, but results lagged Wall Street expectations. DuPont, whose shares fell 2 percent in early trading, also raised its quarterly dividend an

Published 27 Apr, 2005 12:00am

''Gas line deal likely by 2006''

Pakistan and its neighbours will be able to decide by 2006 which of three competing trans-national gas pipelines should go ahead first, a senior official said on Tuesday. "Roughly within a year, maybe in the beginning of next year, we should be able to de

Published 27 Apr, 2005 12:00am

Currency	Rate
USD PKR Interbank Selling / Nov 14	277.83
USD PKR Interbank Buying / Nov 14	277.63
USD to Japanese Yen / Nov 14	156.48
USD to Swiss Franc / Nov 14	0.89
Pound Sterling to USD / Nov 14	1.27
Euro to USD / Nov 14	1.05

Stock	Volume
S&P 500 / Nov 14	5,949.17
India Sensex / Nov 14	77,580.31
Tokyo Nikkei / Nov 14	38,759.03
Nasdaq / Nov 14	19,107.65
Hang Seng / Nov 14	19,538.26
FTSE 100 / Nov 14	8,071.19
Dow Jones / Nov 14	43,750.86
Germany DAX 30 / Nov 14	19,263.70

Item	Value
Crude Oil USD/Barrel / Nov 14	68
Karachi Cotton PKR/37.32 KG / Nov 14	18,085
Gold 10 Grams PKR / Nov 14	232,340
Gold Spot USD/Ounce / Nov 14	2,560.81
Cotton US¢/pound / Nov 14	70.04
Petrol/Litre / Nov 15	248.38

Stock	Price
786 Invest Ltd / Nov 15 786 Investments Limited(786)	6.37 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 15 Al-Abbas Sugar Mills Limited(AABS)	609.47 ▼ 0.00 (0.00%)
Agro Allianz / Nov 15 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 15 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 15 Ali Asghar Textile Mills Limited(AATM)	61.35 ▼ 0.00 (0.00%)
Allied Bank / Nov 15 Allied Bank Limited(ABL)	114.03 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 15 Abbott Laboratories (Pakistan) Limited(ABOT)	993.93 ▼ 0.00 (0.00%)
Abson Ind. / Nov 15 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 15 Alfalah Consumer Index ETF.(ACIETF)	12.31 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 15 786 Investments Limited(786)	6.37 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 15 Al-Abbas Sugar Mills Limited(AABS)	609.47 ▲ 0.00 (0.00%)
Agro Allianz / Nov 15 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 15 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 15 Ali Asghar Textile Mills Limited(AATM)	61.35 ▲ 0.00 (0.00%)
Allied Bank / Nov 15 Allied Bank Limited(ABL)	114.03 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 15 Abbott Laboratories (Pakistan) Limited(ABOT)	993.93 ▲ 0.00 (0.00%)
Abson Ind. / Nov 15 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 15 Alfalah Consumer Index ETF.(ACIETF)	12.31 ▲ 0.00 (0.00%)

Stock	Volume
WorldCall Telecom / Nov 15 Worldcall Telecom Limited(WTL)	177,393,273 ▲ 0.00
Hascol Petrol / Nov 15 Hascol Petroleum Limited(HASCOL)	59,224,094 ▲ 0.00
Treet Battery / Nov 15 Treet Battery Limited(TBL)	47,940,702 ▲ 0.00
Sui South Gas / Nov 15 Sui Southern Gas Company Limited(SSGC)	42,748,255 ▲ 0.00
Cnergyico PK / Nov 15 Cnergyico PK Limited(CNERGY)	32,665,062 ▲ 0.00
TPL Properties / Nov 15 TPL Properties Limited(TPLP)	30,497,881 ▲ 0.00
Treet Corp / Nov 15 Treet Corporation Limited(TREET)	29,734,104 ▲ 0.00
Telecard Limited / Nov 15 Telecard Limited(TELE)	29,162,423 ▲ 0.00
Pak Refinery / Nov 15 Pakistan Refinery Limited(PRL)	27,309,247 ▲ 0.00

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