News Archives for Print - 2005-05-31

Treasury-Bills Secondary Market Yields

Treasury bills secondary market yields rate on Monday (May 30, 2005).

Published 31 May, 2005 12:00am

6th NFC Award: provinces give full mandate to President

Intervention by presidency on Monday brought the provinces to an agreeable position on the Sixth National Finance Commission (NFC) Award. At a meeting in the presidency, representatives of the provinces gave President Pervez Musharraf full mandate that he

Published 31 May, 2005 12:00am

Open market rates of foreign currencies

Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Monday (May 30, 2005).

Published 31 May, 2005 12:00am

6th NFC Award: provinces give full mandate to President

Intervention by presidency on Monday brought the provinces to an agreeable position on the Sixth National Finance Commission (NFC) Award. At a meeting in the presidency, representatives of the provinces gave President Pervez Musharraf full mandate that he

Published 31 May, 2005 12:00am

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Monday (May 30, 2005).

Published 31 May, 2005 12:00am

6th NFC Award: provinces give full mandate to President

Intervention by presidency on Monday brought the provinces to an agreeable position on the Sixth National Finance Commission (NFC) Award. At a meeting in the presidency, representatives of the provinces gave President Pervez Musharraf full mandate that he

Published 31 May, 2005 12:00am

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Monday (May 30, 2005).

Published 31 May, 2005 12:00am

Iraq suicide attacks kill 27

A double suicide bombing killed at least 27 people in a Shia town near the Iraqi capital on Monday, while US forces released a Sunni political leader they had detained "by mistake". Iraqi and US troops with sniffer dogs, meanwhile, scoured Baghdad's infam

Published 31 May, 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 Monday (May 30, 2005).

Published 31 May, 2005 12:00am

Iraq suicide attacks kill 27

A double suicide bombing killed at least 27 people in a Shia town near the Iraqi capital on Monday, while US forces released a Sunni political leader they had detained "by mistake". Iraqi and US troops with sniffer dogs, meanwhile, scoured Baghdad's infam

Published 31 May, 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 Monday (May 30, 2005).

Published 31 May, 2005 12:00am

Import of 20,000 tractors under study

The government is considering import of 20,000 tractors in ''Complete Completely Built'' (CBU) condition to bridge the gap between demand and production, keeping in view the scandalous import of same number of tractors during the tenure of Benazir Bhutto,

Published 31 May, 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 Monday (May 30, 2005).

Published 31 May, 2005 12:00am

Import of 20,000 tractors under study

The government is considering import of 20,000 tractors in 'Complete Completely Built' (CBU) condition to bridge the gap between demand and production, keeping in view the scandalous import of same number of tractors during the tenure of Benazir Bhutto, s

Published 31 May, 2005 12:00am

Interest rates on old and incremental FCY deposits

Interest rates on old and incremental FCY deposits on Monday (May 30, 2005).

Published 31 May, 2005 12:00am

Import of 20,000 tractors under study

The government is considering import of 20,000 tractors in 'Complete Completely Built' (CBU) condition to bridge the gap between demand and production, keeping in view the scandalous import of same number of tractors during the tenure of Benazir Bhutto, s

Published 31 May, 2005 12:00am

LIBOR calculating interest on US dollar

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

Published 31 May, 2005 12:00am

Fazal Mahmood passes away

A legend of Pakistan cricket, Fazal Mahmood, known locally as the "Hero of the Oval", died at home here after suffering a heart attack, his family said on Monday. He was 78. Mahmood was famed for taking 12 wickets in each of Pakistan's first two wins duri

Published 31 May, 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 Monday (May 30, 2005).

Published 31 May, 2005 12:00am

Fazal Mahmood passes away

A legend of Pakistan cricket, Fazal Mahmood, known locally as the "Hero of the Oval", died at home here after suffering a heart attack, his family said on Monday. He was 78. Mahmood was famed for taking 12 wickets in each of Pakistan's first two wins duri

Published 31 May, 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 Monday (May 30, 2005).

Published 31 May, 2005 12:00am

Pak-India talks on water issues begin today

Pakistan and India are holding another round of talks in New Delhi from Tuesday in a bid to resolve water-related disputes between the two countries under the Indus Waters Treaty. Indus Water Commissioner of Pakistan Syed Jamaat Ali Shah told Business

Published 31 May, 2005 12:00am

Exchange rates: buying and selling

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

Published 31 May, 2005 12:00am

Pak-India talks on water issues begin today

Pakistan and India are holding another round of talks in New Delhi from Tuesday in a bid to resolve water-related disputes between the two countries under the Indus Waters Treaty. Indus Water Commissioner of Pakistan Syed Jamaat Ali Shah told Business
Published 31 May, 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 May, 2005 12:00am

Pak-India talks on water issues begin today

Pakistan and India are holding another round of talks in New Delhi from Tuesday in a bid to resolve water-related disputes between the two countries under the Indus Waters Treaty. Indus Water Commissioner of Pakistan Syed Jamaat Ali Shah told Business
Published 31 May, 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 May, 2005 12:00am

All set for NRL bidding today

Eleven pre-qualified parties will submit their bids on Tuesday for the purchase of 51 percent (33,985,788 shares) equity stake in the National Refinery Limited (NRL) together with management control, Privatisation Commission (PC) announced here on Monday.
Published 31 May, 2005 12:00am

Karachi interbank rates

Karachi interbank rates on Monday (May 30, 2005).

Published 31 May, 2005 12:00am

All set for NRL bidding today

Eleven pre-qualified parties will submit their bids on Tuesday for the purchase of 51 percent (33,985,788 shares) equity stake in the National Refinery Limited (NRL) together with management control, Privatisation Commission (PC) announced here on Monday.
Published 31 May, 2005 12:00am

France offers 2.19 million tonnes wheat

French grain office ONIC received offers to sell 76,379 tonnes of wheat into intervention stores last week, ONIC data showed on Monday. Net grain offers now totalled 2.49 million tonnes, comprising 2.19 million tonnes of wheat, 229,448 tonnes of barley an
Published 31 May, 2005 12:00am

All set for NRL bidding today

Eleven pre-qualified parties will submit their bids on Tuesday for the purchase of 51 percent (33,985,788 shares) equity stake in the National Refinery Limited (NRL) together with management control, Privatisation Commission (PC) announced here on Monday.
Published 31 May, 2005 12:00am

Brazil coffee rain to ease apart from Minas forest

Scattered showers at the start of the week will fade in coming days except in the forested zone of Minas Gerais where harvesting may be disrupted, private forecasters Somar said on Monday. Robusta harvesting is in full swing in Roraima and Espirito Santo
Published 31 May, 2005 12:00am

All set for NRL bidding today

Eleven pre-qualified parties will submit their bids on Tuesday for the purchase of 51 percent (33,985,788 shares) equity stake in the National Refinery Limited (NRL) together with management control, Privatisation Commission (PC) announced here on Monday.
Published 31 May, 2005 12:00am

Shanghai copper futures down

Chinese copper futures ended down in thin trade on Monday, pressured by a stronger dollar, as market holidays in London and New York kept trading muted in Shanghai. The most active July contract ended at 31,020 yuan ($3,748), down 140 yuan from Friday's c
Published 31 May, 2005 12:00am

Step to curb smuggling: duty cut on 100 items likely in budget

The Central Board of Revenue (CBR) is examining a list of 100 major smuggling-prone items for reducing customs duty on their import in 2005-06 budget. The comparison of Afghanistan and Pakistan tariffs structure shows that cumulative incidence of taxes on
Published 31 May, 2005 12:00am

Cocoa smuggling from Ivory Coast falls

Less cocoa has been smuggled from Ivory Coast to neighbouring Ghana this season as there is less money to be made from contraband and production in both countries is lower than last year, exporters and analysts say. Ivory Coast, the world's biggest cocoa
Published 31 May, 2005 12:00am

Step to curb smuggling: duty cut on 100 items likely in budget

The Central Board of Revenue (CBR) is examining a list of 100 major smuggling-prone items for reducing customs duty on their import in 2005-06 budget. The comparison of Afghanistan and Pakistan tariffs structure shows that cumulative incidence of taxes on
Published 31 May, 2005 12:00am

Cuban sugar crop slumps to 1.3 million tonnes

Cuba has ended the worst sugar harvest in a century with output down more than 40 percent from the previous harvest at around 1.3 million tonnes, sources close to the industry said over the weekend. "Only one of 13 sugar-producing provinces, Villa Clara,
Published 31 May, 2005 12:00am

Step to curb smuggling: duty cut on 100 items likely in budget

The Central Board of Revenue (CBR) is examining a list of 100 major smuggling-prone items for reducing customs duty on their import in 2005-06 budget. The comparison of Afghanistan and Pakistan tariffs structure shows that cumulative incidence of taxes on
Published 31 May, 2005 12:00am

Argentine soya crop seen at 38 million tonnes: USDA attache

Argentina will produce an estimated 38 million tonnes of soyabeans in the 2005/06 crop year, according to a report by a US Agriculture Department attache made public on Thursday. The attache also forecast a 2004/05 Argentina soyabean crop of 39 million to
Published 31 May, 2005 12:00am

Ministries to have security officers network

The government is establishing a network of security officers in all its ministries, divisions and departments with a task to ensure security of classified documents in its departments. The interior ministry has issued a notification to all government off
Published 31 May, 2005 12:00am

India discounts wheat imports on good stocks

India is unlikely to buy wheat as the country has sufficient grain stocks and production is expected to match last year's level despite lower government purchases, officials and analysts said on Monday. Officials said wheat output this year was expected t
Published 31 May, 2005 12:00am

Government slammed for failing to check price hike

Speakers at a pre-budget seminar organised by the women's wing of the Pakistan Peoples' Party (PPP) held at a local hotel on Monday criticised the government for its failure to check price increase of all daily use articles. V.A. Jafri, former advisor on
Published 31 May, 2005 12:00am

Thai rice futures rise, volume up

Thai rice futures rose on Monday following recent falls, supported by talk of ships waiting for loading, brokers said. Overall volume rose as 64 contracts of 5 percent white rice were traded compared to Friday's 29. The most active July contract settled a
Published 31 May, 2005 12:00am

Sindh Assembly session to begin on June 2

The requisitioned session of the Sindh Assembly will begin at 9:30am on Tuesday, a private members' day, which in due course of time is expected to take up a large number of resolutions and adjournment motions the opposition has submitted. Opposition memb
Published 31 May, 2005 12:00am

Morocco to import 4.9 million tonnes cereals

Morocco will import 4.9 million tonnes of cereals over the next 12 months, including 2.3 million tonnes of soft wheat, to cover a drought-induced shortfall in domestic production, the Agriculture Ministry said on Monday. The import figure marks a rise of
Published 31 May, 2005 12:00am

Jamaat-i-Islami Karachi Naib Amir shot dead

Former member of the National Assembly and Jamaat-i-Islami Karachi Naib Amir Aslam Mujahid was kidnapped and later shot dead, police and sources said. His bullet-riddled body was later recovered near the Government Degree College, Korangi, in the jurisdic
Published 31 May, 2005 12:00am

Global sugar deficit forecast rises

Paris-based brokerage J.Kingsman on Friday sharply raised its forecast for the global 2005/06 world sugar deficit to 1.9 million tonnes from its previous forecast of a deficit of 0.25 million tonnes. Kingsman's estimate for the world sugar deficit in 2004
Published 31 May, 2005 12:00am

Jamaat-i-Islami Karachi Naib Amir shot dead

Former member of the National Assembly and Jamaat-i-Islami Karachi Naib Amir Aslam Mujahid was kidnapped and later shot dead, police and sources said. His bullet-riddled body was later recovered near the Government Degree College, Korangi, in the jurisdic
Published 31 May, 2005 12:00am

South African first quarter gold output falls

Gold output in South Africa, the world's biggest producer, extended its decline in the first quarter, falling 12.8 percent year-on-year, the Chamber of Mines said on Monday. Production fell to 73.8 tonnes (2.37 million ounces) during the first three month
Published 31 May, 2005 12:00am

KSE-SECP meeting news boosts share prices

The share market bounced back on Monday as financial institutions and leading brokerage houses placed fresh deals in the investment and trading stocks, helping the index to gain sharply on first day of the new week. The KSE-100 index during the initial ho
Published 31 May, 2005 12:00am

Santos port movement sets April record

Brazil's main port of Santos moved nearly 5.8 million tonnes in general cargo in April, a record for the month and up 7.6 percent from April in 2004, the Port Authority Codesp said. April imports of almost 1.6 million tonnes fell a fraction from last year
Published 31 May, 2005 12:00am

KSE-SECP meeting news boosts share prices

The share market bounced back on Monday as financial institutions and leading brokerage houses placed fresh deals in the investment and trading stocks, helping the index to gain sharply on first day of the new week. The KSE-100 index during the initial ho
Published 31 May, 2005 12:00am

Singapore bunker fuel prices down

Singapore bunker prices eased on Monday, despite higher fuel oil cargo values and with the bunker/cargo premium narrowing, dealers said. Prices for 380-centistoke (cst) bunker fuel were pegged at $247-$249 a tonne, down $1 from Friday, with the bunker pre
Published 31 May, 2005 12:00am

KSE-SECP meeting news boosts share prices

The share market bounced back on Monday as financial institutions and leading brokerage houses placed fresh deals in the investment and trading stocks, helping the index to gain sharply on first day of the new week. The KSE-100 index during the initial ho
Published 31 May, 2005 12:00am

Grain exports from port of Rouen

Grain exports from the French port of Rouen totalled 501,627 tonnes for May 1-25, including 396,714 tonnes of wheat and 104,913 of barley, port officials said on Monday. That compared with total grain exports of 570,000 tonnes in the whole of May last yea
Published 31 May, 2005 12:00am

July-April imports surge to $16.37 billion

Pakistan''s total imports touched $16.37 billion during 10 months (July-April) of the ongoing fiscal year 2004-05 with machinery occupying a major share of $4.52 billion (27.6 percent). Total imports showed an increase of 36.36 percent against $12 billion
Published 31 May, 2005 12:00am

Brazilian sugar vessels lineup rises

The lineup of vessels to load sugar in Brazilian ports rose to 47 on May 25 from 34 the previous week, shipping agent Williams said. In a weekly report, Williams said 27 vessels were lined up in the southern port of Santos, up from 14 last week. In the no
Published 31 May, 2005 12:00am

July-April imports surge to $16.37 billion

Pakistan's total imports touched $16.37 billion during 10 months (July-April) of the ongoing fiscal year 2004-05 with machinery occupying a major share of $4.52 billion (27.6 percent). Total imports showed an increase of 36.36 percent against $12 billion
Published 31 May, 2005 12:00am

Activity at Karachi and Qasim ports

The Karachi Port handled 45,012 tonnes of cargo including 30,967 tonnes import and 14,045 tonnes export cargo including 1,367 containers during last 24 hours ending at 0700 hours on Monday. The cargo comprised of 32,977 tonnes dry cargo including 27,188 t
Published 31 May, 2005 12:00am

July-April imports surge to $16.37 billion

Pakistan's total imports touched $16.37 billion during 10 months (July-April) of the ongoing fiscal year 2004-05 with machinery occupying a major share of $4.52 billion (27.6 percent). Total imports showed an increase of 36.36 percent against $12 billion
Published 31 May, 2005 12:00am

German wheat offers reach 3,109,000 tonnes

German farmers have offered 133,000 tonnes of wheat for European Union intervention subsidies since May 24, bringing total offers this season to 3,109,000 tonnes, state purchasing agency BLE said on Monday. Market observers had expected large volumes to b
Published 31 May, 2005 12:00am

Six killed in Karachi Imambargah attack

Six persons, including a police constable, a guard, two worshipers and two attackers were killed and 24 others injured when suicide bombers tried to storm an Imambargah here Monday evening. One of the attackers was injured and arrested. According to eyewi
Published 31 May, 2005 12:00am

Oil cake market rates

Mixed trend was seen on the cottonseed oilcake market on Monday in the process of trading, dealers said. The July vaida commenced with strong gains at Rs 431.00. During the day, it gained Rs 1.50 at Rs 432.50 and closing was seen at the same level, dealer
Published 31 May, 2005 12:00am

Six killed in Karachi Imambargah attack

Six persons, including a police constable, a guard, two worshipers and two attackers were killed and 24 others injured when suicide bombers tried to storm an Imambargah here Monday evening. One of the attackers was injured and arrested. According to eyewi
Published 31 May, 2005 12:00am

Improved activity on cotton market

Some trading was seen on the cotton market on Monday as ginners did not show any change in their attitude as the TCP getting better response at weekly auctions, relevant sources said. The official spot rates held its overnight level at Rs 2225, without up
Published 31 May, 2005 12:00am

Argentine wheat sales rise

Argentina export commitments of 2004/05 wheat totalled 8.86 million tonnes by May 27, up from 8.765 million tonnes a weak earlier, the Agriculture Secretariat said on Monday. By the same date last year, Argentina had sold 4.935 million tonnes. Argentina r
Published 31 May, 2005 12:00am

Makai and wheat turn higher

Makai price was higher on the grain market on Monday on tight supply positions, dealers said. On the cereals side, Makai inferior type picked up Rs 25 to Rs 1050 while the better quality maintained its weekend level at Rs 1100, they added. Wheat Mexipak f
Published 31 May, 2005 12:00am

Southern Africa must move on from maize

Southern African farmers must diversify away from their staple maize crop to more nutritious and drought resistant plants if they are to avoid further food shortages and malnutrition crises, aid workers say. Maize has been the mainstay of the southern Afr
Published 31 May, 2005 12:00am

Copper halts for holiday as firm dollar weighs

Copper, which costs about 8 percent less than its all-time high last month, was untraded in Asia on Monday, a holiday for markets in London and New York. Reduced supply and a decline in global stocks of the industrial metal had supported prices late last
Published 31 May, 2005 12:00am

Tokyo gold edges up on Comex gains, soft yen

Tokyo gold futures rose on Monday on gains in New York and a soft yen against the dollar, but momentum was weak with operators reluctant to trade actively amid holidays in the United States and Britain. The benchmark April gold contract on the Tokyo Commo
Published 31 May, 2005 12:00am

Gold edges down in thin Asian trade, silver off high

Gold inched down in Asia on Monday and silver dipped from its highest level in a month in trade thinned by holidays in London and New York. A fall in the euro against the dollar also discouraged investors from taking fresh positions but physical demand sh
Published 31 May, 2005 12:00am

Egypt's Alcotexa sells 700 tonnes of cotton in week

The Alexandria Cotton Exporters' Association (Alcotexa) said on Monday it committed to sell 700 tonnes of cotton in the week which ended on May 28. An Alcotexa official said it had committed to sell 50 tonnes of Giza 70, 25 tonnes of Giza 88, 600 tonnes o
Published 31 May, 2005 12:00am

Malaysian tin down $15/tonne, breaking two-day impasse

Malaysian tin fell $15 a tonne on Monday as sellers surfaced after waiting in vain for two straight days for a higher price. A drop in the London price of tin also led to weaker demand for the metal in Malaysia, dealers said. Spot tin on the Kuala Lumpur
Published 31 May, 2005 12:00am

Tokyo crude futures rise following Nymex rally

Tokyo oil futures traded mostly higher on Monday following gains on international markets at the end of last week ahead of a long weekend in the United States. Benchmark crude oil futures for October delivery were up 530 yen or 1.72 percent at 31,420 yen
Published 31 May, 2005 12:00am

Iran tenders to buy rice

The Government Trading Corporation of Iran (GTC) said on Monday it has issued new tenders to purchase up to 60,000 tonnes of rice from Vietnam and Uruguay. Bidding deadline was also on Monday, GTC said on its website. This followed GTC's announcement last
Published 31 May, 2005 12:00am

Thai sugar trade sluggish, poor harvest expected

Thai sugar trade was sluggish on Monday with exporters, increasingly worried about the next crop, reluctant to make new offers to sell for shipment in 2006, traders said. "Many exporters are not offering. They are worried about the new crop. They do not w
Published 31 May, 2005 12:00am

Cotton farming is a dangerous job in Uzbekistan

For Buribek, like for many Uzbek farmers, growing cotton is a dangerous affair. "Being a cotton farmer here is like hanging between life and death," he said, resting his chin on the handle of his hoe and gazing at hectares of cotton fields stretching towa
Published 31 May, 2005 12:00am

Ukraine increases seaport grain exports

Ukraine increased grain shipments through its seaports by about two percent in the first 20 days of May to about 521,240 tonnes compared with 510,930 tonnes in the same period of April, analysts said on Monday. Kiev-based ProAgro agriculture constancy sai
Published 31 May, 2005 12:00am

China sees summer grain output rising

China will produce a bigger summer grains harvest this year than it did in 2004 if there is no weather damage in the next 15 days, the official Xinhua news agency reported on Monday. It did not give any forecast for the harvest, which makes up one fifth o
Published 31 May, 2005 12:00am

Malaysian palm oil falls on soya, uninspiring exports

Malaysian crude palm oil futures ended down on Monday in razor-thin trade after reacting to a weak soyaoil and talk of uninspiring export numbers for May. Two cargo surveyors followed by the market, Interlake Testing Services (ITS) and Society General de
Published 31 May, 2005 12:00am

Chip sales growth nearly halves in April

Growth of the global semiconductor industry nearly halved in April, according to a survey on Monday, but the sector is hopeful that it can still increase revenues for the full year. Microchip sales rose 6.8 percent in April, compared with the year-ago per
Published 31 May, 2005 12:00am

Raider Ricucci doesn't rule out RCS Mediagroup bid

Italian corporate raider Stefano Ricucci is not ruling out making a take-over bid for publishing group RCS Mediagroup, his spokesman said, even as the market doubted his ability to launch such a costly offer. Ricucci's spokesman said on Monday the 42-year
Published 31 May, 2005 12:00am

Africa summit to focus on Blair plan, governance

Africa's business leaders plan to back Britain's mission to give more aid and boost trade in the world's poorest continent at a summit this week, but will also demand better governance from their political counterparts. African leaders and business execut
Published 31 May, 2005 12:00am

Kenya Airways shares hit record high on results

Kenya Airways shares rose 9.4 percent to a historic high close of 37.75 shillings on Monday in delayed reaction to the airline's annual results, traders said. "It is a reaction to the good results on Friday. The company is doing very well. It has been gro
Published 31 May, 2005 12:00am

Absa year earnings surge, sees Barclays boost

South Africa's Absa lifted annual earnings by more than a fifth on Monday as lending grew and the banking firm said plans by Barclays to take a majority stake in the group would boost its performance. South Africa's biggest consumer bank said that headlin
Published 31 May, 2005 12:00am

Japan life insurers gradually regaining health

Japan's big life insurers confirmed a gradual improvement in their financial health on Monday, reflecting a stronger economy and a healthier Japanese financial system. Most of the biggest life insurers, including leader Nippon Life Insurance Co which has
Published 31 May, 2005 12:00am

Japan eyes advanced supercomputer as early as 2010

Japan is aiming to develop a supercomputer it hopes will be fast enough to help it regain the top spot it lost to US makers last year in an industry that is often seen as a proxy fight for technological supremacy. The government wants to develop a superco
Published 31 May, 2005 12:00am

China COSCO starts marketing $1.7 billion IPO

China COSCO, the country's largest container shipping firm and operator of the world's seventh largest container fleet, on Monday began marketing a Hong Kong IPO worth up to US$1.7 billion to fund its expansion. China COSCO Holdings Co Ltd, which is growi
Published 31 May, 2005 12:00am

Japan's industrial output rises

Japan's industrial output rose in April from a month earlier, as expected, but sluggish growth in exports tempered the gains and mixed forecasts for the coming months suggested the economy remains in a weak patch. The 2.2 percent rise in output, led by pr
Published 31 May, 2005 12:00am

UniCredito in take-over talks with HVB

Italy's UniCredito said on Monday it was in talks to take over Germany's second-biggest lender, HVB Group, in what could be a 16 billion euro deal to create Europe's ninth-biggest lender. But both banks cautioned in a joint statement that "no agreement ha
Published 31 May, 2005 12:00am

Turkish trade deficit exceeds forecast

Turkey's trade deficit exceeded analysts' forecasts in April, rising 24.4 percent year-on-year to $3.558 billion, the State Statistics Institute (DIE) said on Monday. A Reuters poll had forecast a deficit of $3.3 billion. Economists have expressed concern
Published 31 May, 2005 12:00am

Oil and gas reserves auditing: Turkmenistan appoints US, UK consultants

Turkmenistan has appointed US and British consultants as independent auditors of its oil and gas reserves, the government said on Monday, a move that may help revive plans for a $3.3 billion gas pipeline to Pakistan. According to Turkmen estimates, its Da
Published 31 May, 2005 12:00am

China blasts EU and US over textile curbs

China hit out on Monday at the United States and the European Union for curbing Chinese textile exports, saying the restrictions were justified neither by trade law nor by statistics. Commerce Minister Bo Xilai said Washington and Brussels had failed to p
Published 31 May, 2005 12:00am

German adjusted jobless unchanged

German unemployment was unchanged in May when positive seasonal factors were removed, against economists' expectations and government hopes for a decline, a source familiar with the data told Reuters on Monday. "It's more or less zero," the source said, r
Published 31 May, 2005 12:00am

Citigroup appoints China consumer banking chief

Citigroup appointed a veteran Singapore banker on Monday to spearhead its push into the Chinese consumer banking arena as the country prepares to open a $1.5 trillion savings pool to foreign lenders. Lee Ah Boon, previously head of the bank's consumer bus
Published 31 May, 2005 12:00am

Currency	Rate
USD PKR Interbank Selling / Jan 10	278.60
USD PKR Interbank Buying / Jan 10	278.40
USD to Japanese Yen / Jan 10	158.39
USD to Swiss Franc / Jan 10	0.91
Pound Sterling to USD / Jan 10	1.23
Euro to USD / Jan 10	1.03

Stock	Volume
S&P 500 / Jan 9	5,918.25
Nasdaq / Jan 9	19,478.88
FTSE 100 / Jan 9	8,319.69
Dow Jones / Jan 9	42,635.20
Germany DAX 30 / Jan 9	20,317.10
France CAC40 / Jan 9	7,490.28
India Sensex / Jan 10	77,645.98
Tokyo Nikkei / Jan 10	39,265.97

Item	Value
Karachi Cotton PKR/37.32 KG / Jan 9	18,785
Gold 10 Grams PKR / Jan 9	237,483
Petrol/Litre / Jan 10	252.66
Crude Oil USD/Barrel / Jan 10	74.32
Gold Spot USD/Ounce / Jan 10	2,674.40
Diesel/Litre / Jan 10	258.34

Stock	Price
Pak Gen.Ins. / Jan 10 The Pakistan General Insurance Co. Ltd.(PKGI)	8.70 ▲ 0.92 (11.83%)
Dadex Eternit / Jan 10 Dadex Eternit Limited(DADX)	70.40 ▲ 6.40 (10.00%)
Khairpur Sug. / Jan 10 Khairpur Sugar Mills Limited(KPUS)	137.50 ▲ 12.50 (10.00%)
LSE Financial Serv. / Jan 10 LSE Financial Services Limited(LSEFSL)	15.66 ▲ 1.42 (9.97%)
Shakarganj / Jan 10 Shakarganj Limited(SML)	33.24 ▲ 3.01 (9.96%)
Arpak Int. / Jan 10 Arpak International Investments Ltd.(ARPAK)	84.25 ▲ 7.41 (9.64%)
Bela Auto / Jan 10 Bela Automotives Limited(BELA)	172.95 ▲ 15.19 (9.63%)
Punjab Mod / Jan 10 First Punjab Modaraba(FPJM)	3.19 ▲ 0.28 (9.62%)
Olympia Mills / Jan 10 Olympia Mills Limited(OML)	39.45 ▲ 3.45 (9.58%)

Stock	Price
First Capital Equities / Jan 10 First Capital Equities Limited(FCEL)	5.52 ▼ -0.67 (-10.82%)
Liven Pharma / Jan 10 Liven Pharma Limited(LIVEN)	144.61 ▼ -16.07 (-10.00%)
Suhail Jute / Jan 10 Suhail Jute Mills Limited(SUHJ)	126.67 ▼ -14.07 (-10.00%)
Ali Asghar / Jan 10 Ali Asghar Textile Mills Limited(AATM)	63.85 ▼ -7.09 (-9.99%)
Blue-Ex Ltd / Jan 10 Blue-Ex Limited (GEM)(GEMBLUEX)	55.41 ▼ -6.14 (-9.98%)
PIA Holding Co.B / Jan 10 PIA Holding Company Limited B(PIAHCLB)	824 ▼ -88.39 (-9.69%)
Idrees Tex. / Jan 10 Idrees Textile Mills Limited(IDRT)	14.09 ▼ -1.51 (-9.68%)
Habib Sugar / Jan 10 Habib Sugar Mills Limited(HABSM)	72.99 ▼ -7.44 (-9.25%)
Hafiz Ltd. / Jan 10 Hafiz Limited(HAFL)	256 ▼ -25.68 (-9.12%)

Stock	Volume
WorldCall Telecom / Jan 10 Worldcall Telecom Limited(WTL)	195,296,323 ▲ 0.00
K-Electric Ltd. / Jan 10 K-Electric Limited(KEL)	48,682,503 ▲ 0.06
Cnergyico PK / Jan 10 Cnergyico PK Limited(CNERGY)	35,460,848 ▼ -0.08
Fauji Foods Ltd / Jan 10 Fauji Foods Limited(FFL)	25,945,545 ▼ -0.05
Pak Elektron / Jan 10 Pak Elektron Limited(PAEL)	23,144,464 ▲ 1.32
Lotte Chemical / Jan 10 Lotte Chemical Pakistan Limited(LOTCHEM)	19,944,268 ▼ -0.08
B.O.Punjab / Jan 10 The Bank of Punjab(BOP)	15,645,082 ▲ 0.03
Air Link Com. / Jan 10 Air Link Communication Limited(AIRLINK)	14,366,552 ▼ -8.15
Telecard Limited / Jan 10 Telecard Limited(TELE)	13,170,256 ▲ 0.00

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