News Archives for Print - 2005-06-10

Lahore Paper Market Rates

Paper market rates in rupees on Thursday (June 09, 2005).

Published 10 Jun, 2005 12:00am

THE RUPEE: all round gains in money market

The rupee gave up its overnight weakness both in open market and in the interbank market on Thursday, gaining 20 paisa on buying counter and 25 paisa on selling in the kerb trade , while gaining three paisa versus the dollar for buying and selling at 59.

Published 10 Jun, 2005 12:00am

NWFP Assembly panel concerned at numberplates frauds

Members of the NWFP assembly standing committee on excise and taxation members expressed cocern over the reported irregularities in computerised number plates of vehicles and decided that ex-Director Excise and Taxation along with the contractors concerne

Published 10 Jun, 2005 12:00am

Kerb buying and selling rate of US dollar

Dollar buying and selling rate in the kerb market in rupees on Thursday (June 09, 2005).

Published 10 Jun, 2005 12:00am

USAID Director to visit IMS

The USAID Country Director Ms Lisa Chiles will be visiting the Institute of Management Sciences (IMS) Hayatabad Peshawar on Monday (June 13). Her visit is primarily aimed at increasing the existing interaction between two institutions. USAID has partnered

Published 10 Jun, 2005 12:00am

Dollar's rate in interbank market

Interbank closing rates for dollar on Thursday (June 09, 2005).

Published 10 Jun, 2005 12:00am

Well-16 at Adhi gasfield declared productive

Well-16 at Adhi Field, located in districts of Chakwal and Rawalpindi, has been declared productive, which will produce approximately 900 barrel oil and 7.5 mmcf gas per day, it is learnt reliably. According to tests conducted by experts so far, Well-16 h

Published 10 Jun, 2005 12:00am

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (June 09, 2005).

Published 10 Jun, 2005 12:00am

MMA demonstration today

The Muttahida Majlis-e-Amal (MMA) has announced to hold a peaceful demonstration and sit-in outside Sindh assembly at 4.00 pm on Friday. The demonstration is being staged to lodge protest against the murder of MMA leader Aslam Mujahid, government's failur

Published 10 Jun, 2005 12:00am

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (June 09, 2005).

Published 10 Jun, 2005 12:00am

Education University to impart training to 25,000 students

Forty-six constituent colleges of University of Education will impart training of modern education technology to 25,000 students in Punjab during next two years, while number of students having higher education in teaching strategy would reach to 50,000 i

Published 10 Jun, 2005 12:00am

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Thursday (June 09, 2005).

Published 10 Jun, 2005 12:00am

Restoration of carries forward facility in sales tax demanded

Withdrawal of facility of carry forward in sales tax would create more problems for the local manufacturers as sales tax department has no mechanism to pay refund claims to 80,000 taxpayers every month. This has been claimed by the Pakistan Industrial & T

Published 10 Jun, 2005 12:00am

HP appoints Lyons as EVP

HP has announced that it has appointed Cathy Lyons, a 26-year-old company veteran, to serve as executive vice president and chief marketing officer (CMO) with immediate effect. A press release issued by the company said that Lyons assumes CMO responsibili

Published 10 Jun, 2005 12:00am

Lawyers protest over desecration of Holy Quran

The lawyers' community observed strike and boycotted court proceedings to register its protest against sacrilege of Holy Quran by American military men in Guantanamo bay. The lawyers organised rallies and took out processions against the desecration of Ho

Published 10 Jun, 2005 12:00am

Multan commodities market rates

Commodities market rates in rupees on Thursday (June 09, 2005).

Published 10 Jun, 2005 12:00am

LCCI hails 15 percent tariff slab in customs duty

The federal government has taken a right step by introducing another tariff slab of 15 percent in the customs duty as announced through federal budget 2005-06. Convenor Lahore Chamber of Commerce and Industry (LCCI) Standing Committee on Customs, Tariff,

Published 10 Jun, 2005 12:00am

Poultry rates

Wholesale poultry rates on Thursday (June 09) and Friday (June 10, 2005).

Published 10 Jun, 2005 12:00am

25 civil judges transferred

The Chief Justice of the Lahore High Court (LHC) made transfers and postings among 25 civil judges cum judicial magistrates. According to a notification, civil judge cum judicial magistrate Rana Muhammad Khan has been transferred from Lahore to Rojhan, Ja

Published 10 Jun, 2005 12:00am

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Thursday (June 09, 2005).

Published 10 Jun, 2005 12:00am

220-kv Bahawalpur grid station inaugurated

The Water & Power Development Authority (Wapda) has commissioned four new double-circuit transmission lines of 220-kv during the current fiscal year in order to reinforce its transmission system. Wapda Chairman, Tariq Hamid told this while inaugurating 22

Published 10 Jun, 2005 12:00am

LME official prices

LME official prices on Wednesday.

Published 10 Jun, 2005 12:00am

PPCBL to extend Rs 8 billion loans to farmers

General Manager Punjab Provincial Co-operative Bank Limited (PPCBL) Raja Allah Baksh has said that the bank will provide loans to the tune of Rs 8 billion to the small farmers in the province till June 2005, under different schemes. He said this while add

Published 10 Jun, 2005 12:00am

LME official prices

LME official prices on Wednesday.

Published 10 Jun, 2005 12:00am

Zia made Punjab IG Police

Motorway and National Highway Police Inspector General Zia-ul-Hassan on Thursday has been appointed as the Punjab Police IG with immediate effect, says a notification issued. Zia-ul-Hassan, a career officer of police services, had joined the police depart

Published 10 Jun, 2005 12:00am

Key stock market movements at 1700 GMT on June 09

The latest close of key indices on major world stock exchanges and the London closing values of the euro, the Japanese yen, the British pound and gold bullion (previous day's closes in brackets).

Published 10 Jun, 2005 12:00am

Despatch of dividend warrants

Dates of despatch of dividend warrants and bonus share certificates.

Published 10 Jun, 2005 12:00am

Last date of renunciation/payment

Last dates of renunciation/payment.

Published 10 Jun, 2005 12:00am

FDI likely to cross $1 billion mark by end of 2004-05

Foreign Direct Investment (FDI) in Pakistan is likely to cross 1 billion dollar mark by the end of the current fiscal year 2004-05. FDI has registered an increase of 17.2 percent in the first ten months (July-April 2004-05), rising from 760.4 million doll

Published 10 Jun, 2005 12:00am

Shares buy-back schedule

Shares buy-back schedule of listed companies on Thursday (June 09, 2005).

Published 10 Jun, 2005 12:00am

Installation of modern streetlights inaugurated

The City District Government Karachi (CDGK) has started work on Rs 40 million project to install modern technology streetlights at Sharae Faisal, which would be completed in three months time in four stages. City Nazim Naimatullah Khan laid the foundation

Published 10 Jun, 2005 12:00am

Dividend/Bonus Announcements

Dividend/Bonus announcements by the companies listed on the Karachi Stock Exchange.

Published 10 Jun, 2005 12:00am

State Life donates Rs 2.5 million to Napa

The State Life Insurance Corporation of Pakistan on Thursday donated Rs 2.5 million to National Academy of Performing Arts (Napa) to help promote and sustain country's rich legacy of classical, traditional and contemporary arts. State Life Chairman Kamal

Published 10 Jun, 2005 12:00am

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 10 Jun, 2005 12:00am

Hosiery makers demand more incentives

Pakistan Hosiery Manufactures Association (PHMA) former Chairman Zubair Motiwala has urged the government to allocate funds for availability of yarn, water, power and infrastructure development in new trade policy to achieve higher exports in textile sect

Published 10 Jun, 2005 12:00am

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 10 Jun, 2005 12:00am

'Duty reduction on imported cars to hit local industry'

Former Federation of Pakistan Chambers of Commerce and Industry (FPCCI) president and prominent automobile manufacturer, Raja Abdul Rehman has termed the reduction of duty on import of new cars in budget as lethal blow to local car industry.

Published 10 Jun, 2005 12:00am

Cross Transactions

Cross transactions between client to client reported on Thursday (June 09, 2005).

Published 10 Jun, 2005 12:00am

Chief Secretary calls report on Manchar lake water contamination

Sindh Chief Secretary Fazlur Rehman has called for a report within one week regarding the contamination of Manchar Lake water as highlighted at a seminar. Human Rights Commission of Pakistan in Hyderabad organised a seminar wherein a report was presented

Published 10 Jun, 2005 12:00am

Kati chief to lead committee on law and order

Sindh Home Minister Abdul Rauf Siddiqui has announced to establish a high powered committee headed by Chairman Korangi Association of Trade and Industry (Kati), Audul Haseeb Khan, on law and order in Korangi industrial area. Presiding over a meeting of th

Published 10 Jun, 2005 12:00am

Attitude of opposition leaders criticised

Provincial Minister for Parliamentary Affairs Muhammad Basharat Raja said that irresponsible attitude of leaders of opposition parties is annoying their members and a number of more oppositions members are likely to join ruling PML in near future. While t

Published 10 Jun, 2005 12:00am

All shares index report

The sector-wise all shares index report on Thursday (June 09, 2005).

Published 10 Jun, 2005 12:00am

Fish farmer arrested

Muslim Town Police Station here on Thursday arrested a leading fish farmer of Pakpattan for giving a bogus cheque of Rs 6 million to other party. According to detail the accused Ahmad Ali Kamboh had a business deal with a party for expanding and strengthe

Published 10 Jun, 2005 12:00am

Leasing Companies: ORIX LEASING PAKISTAN LIMITED - Nine Months Ending March 31 2005

OLP was incorporated in Pakistan as a private limited company on July 1, 1986 and was converted into public limited company on December 23, 1987. Orix Leasing Pakistan Limited registered office and Head Office is located at Overseas Investors Chamber of C

Published 10 Jun, 2005 12:00am

PTCL union threatens action

The PTCL Unions Action Committee has threatened that it will take strict action if privatisation commission announces new date for the privatisation of PTCL without any agreement with the union. While addressing a press conference here on Thursday, PTCL u

Published 10 Jun, 2005 12:00am

Leasing Companies: ORIX LEASING PAKISTAN LIMITED - Nine Months Ending March 31 2005

OLP was incorporated in Pakistan as a private limited company on July 1, 1986 and was converted into public limited company on December 23, 1987. Orix Leasing Pakistan Limited registered office and Head Office is located at Overseas Investors Chamber of C

Published 10 Jun, 2005 12:00am

Nine killed in Khariyan court premises

At least nine persons were killed while 11 others wounded, when an armed group opened fire upon their rivals at the court of additional sessions judge, Muzaffar Hussain in Khariyan on Thursday. According to reports, Kaloo Dhenda group and Chaudhry Abbas g

Published 10 Jun, 2005 12:00am

Leasing Companies: SAUDI PAK LEASING COMPANY LIMITED - Nine Months Ending March 31, 2005

SPLC is a public limited company incorporated in the province of Sindh having its registered office located at Lakson Square Building No 1, Saddar, Karachi. It has five branches located in Lahore, Islamabad, Faisalabad, Multan and Sialkot. Saudi Pak Leasi

Published 10 Jun, 2005 12:00am

43 Bahawalnagar villages declared calamity-hit

Punjab Chief Minister Chaudhry Pervaiz Elahi, while declaring 43 villages of Bahawalnagar district as calamity affected has granted total remission in local rate, abiana, agricultural income-tax and development cess for Rabi crops 2004-2005. The Relief Co

Published 10 Jun, 2005 12:00am

Leasing Companies: SAUDI PAK LEASING COMPANY LIMITED - Nine Months Ending March 31, 2005

SPLC is a public limited company incorporated in the province of Sindh having its registered office located at Lakson Square Building No 1, Saddar, Karachi. It has five branches located in Lahore, Islamabad, Faisalabad, Multan and Sialkot. Saudi Pak Leasi

Published 10 Jun, 2005 12:00am

SCCI demands early recovery of currency dealer

Sarhad Chamber of Commerce & Industry (SCCI) senior vice president Sharafat Ali Mubarak has criticised the provincial government and local administration for failure in recovery of currency dealer Ajmal Saraf, abducted from Peshawar. In a press release is

Published 10 Jun, 2005 12:00am

THE RUPEE: all round gains in money market

The rupee gave up its overnight weakness both in open market and in the interbank market on Thursday, gaining 20 paisa on buying counter and 25 paisa on selling in the kerb trade , while gaining three paisa versus the dollar for buying and selling at 59.

Published 10 Jun, 2005 12:00am

US treasuries bid yields

US treasuries bid yields on Thursday (June 09, 2005).

Published 10 Jun, 2005 12:00am

Oil edges up, US distillate stocks build weighs

Oil prices inched higher on Thursday, recouping some of their deep losses a day ago when an unexpectedly large rise in US distillates inventories soothed some anxiety over supplies of diesel and heating oil. US light sweet crude gained 14 cents to $52.68

Published 10 Jun, 2005 12:00am

Malaysian tin down as LME tin dives

Tin fell 1.7 percent in Malaysian trade, hit by persistent weakness in the London price after a sell-off in market leader copper. Spot tin on the Kuala Lumpur Tin Market closed Thursday down $130, at $7,680 a tonne. Turnover shrank to 70 tonnes, from 130

Published 10 Jun, 2005 12:00am

Gold bides time in Asia, all eyes on Greenspan

Gold moved in a tight range in Asia on Thursday ahead of testimony by United States Federal Reserve Chairman Alan Greenspan that may offer clues on how much further the Fed intends to raise interest rates. Having rallied to a near 1-month high at $427.50

Published 10 Jun, 2005 12:00am

Tokyo gold boxed in tight range, Greenspan awaited

Tokyo gold futures inched up but moved in a tight band on Thursday amid a dearth of factors, with traders reluctant to take new positions ahead of comments by Federal Reserve Chairman Alan Greenspan later in the day. Underlying sentiment stayed bullish am

Published 10 Jun, 2005 12:00am

New York gold ends off slightly, rally cools without news

US gold futures edged lower on Wednesday as dense resistance capped this week's rally to four-week highs and traders waited for direction from supply/demand news, currencies or crude oil. August gold at the COMEX division of the New York Mercantile Exchan

Published 10 Jun, 2005 12:00am

Comex copper rebounds from four-day low

The United States copper futures finished with slight gains in a choppy inside day with early fund buying giving way to light speculative and local selling as the market continued to consolidate after this week's rush to sixteen-year highs, traders said.

Published 10 Jun, 2005 12:00am

HRW wheat harvest picks up through US Plains

Hot and dry conditions through the US Plains were allowing harvesting of the new hard red winter wheat crop to pick up speed, advancing into Kansas, the top US wheat-growing state. "They've got a good hot dry day and they're going at it," OK Coop Grain ge

Published 10 Jun, 2005 12:00am

New York cocoa futures dip on light speculative selling

US cocoa futures finished in negative territory on Wednesday, pressured by light speculative selling after the benchmark contract touched a fresh two-week peak earlier in the session, traders said. Trading turnover swelled to an estimated 21,610 contracts

Published 10 Jun, 2005 12:00am

New York coffee down after spec liquidation

US nearby coffee futures closed down more than 3 percent Wednesday after speculative liquidation erased all of the market's gains scored over the past week, market sources said. New York Board of Trade benchmark July arabica fell 4.35 cents or 3.5 percent

Published 10 Jun, 2005 12:00am

Kasuri meets Bush

Foreign Minister Khurshid Mahmood Kasuri met President George Bush on Thursday at the White House. Ambassador Jehangir Karamat was also present in the meeting which continued for over 20 minutes, sources said. Kasuri is scheduled to hold meeting with US S

Published 10 Jun, 2005 12:00am

TCP continues to sell cotton

While cotton stocks with the private sector have practically dried up, the Trading Corporation of Pakistan (TCP) continues to push its weekly sale programme to both domestic mills and the exporters. In its last weekly sales, however, the Trading Corporati

Published 10 Jun, 2005 12:00am

Kasuri meets Bush

Foreign Minister Khurshid Mahmood Kasuri met President George Bush on Thursday at the White House. Ambassador Jehangir Karamat was also present in the meeting which continued for over 20 minutes, sources said. Kasuri is scheduled to hold meeting with US S

Published 10 Jun, 2005 12:00am

TCP continues to sell cotton

While cotton stocks with the private sector have practically dried up, the Trading Corporation of Pakistan (TCP) continues to push its weekly sale programme to both domestic mills and the exporters. In its last weekly sales, however, the Trading Corporati

Published 10 Jun, 2005 12:00am

Aptma and PCGA oppose cotton hedge trading

All Pakistan Textile Mills Association (Aptma) and Pakistan Cotton Ginners Association (PCGA) on Thursday strongly opposed cotton hedge trading during a meeting held here, saying the new mode of trade was unacceptable to them. The representatives of Aptma

Published 10 Jun, 2005 12:00am

Prices move both ways

Divergent trend was seen on the grain market on Thursday as most of the buyers kept on the sidelines on comfortable supply position, dealers said. On the cereals side, wheat Mexipak quoted higher at Rs 1130. Guwar, lower type gained Rs 65 at Rs 1775, the

Published 10 Jun, 2005 12:00am

Aptma and PCGA oppose cotton hedge trading

All Pakistan Textile Mills Association (Aptma) and Pakistan Cotton Ginners Association (PCGA) on Thursday strongly opposed cotton hedge trading during a meeting held here, saying the new mode of trade was unacceptable to them. The representatives of Aptma

Published 10 Jun, 2005 12:00am

Tea prices mixed

The trading on tea sector moved both ways on Jodia Bazar on Thursday. The following changes were seen in the Kenyan tea PF-1 A grade up Rs 2 to Rs 167, B grade up Re 1 to Rs 145, plus C grade up Re 1 to Rs 135, BP-1 A-1 grade down Rs 3 to Rs 187, B grade

Published 10 Jun, 2005 12:00am

Aptma and PCGA oppose cotton hedge trading

All Pakistan Textile Mills Association (Aptma) and Pakistan Cotton Ginners Association (PCGA) on Thursday strongly opposed cotton hedge trading during a meeting held here, saying the new mode of trade was unacceptable to them. The representatives of Aptma

Published 10 Jun, 2005 12:00am

Cotton market players in wait and see mood

Main participants remained on the sidelines on the cotton market on Thursday in the absence of fresh leads, sources said. The Karachi Cotton Association (KCA) official spot rate held its overnight level at Rs 2225, without upcountry expenses. Wait-and-see

Published 10 Jun, 2005 12:00am

'Utility Stores to sell flour at Rs 11.50/kg'

Prime Minister Shaukat Aziz announced on Thursday that the federal government would supply Atta (flour) through Utility Stores Corporation (USC) outlets at Rs 11.50 per kg and the USC has also been directed to increase mobile vans for improvement in suppl

Published 10 Jun, 2005 12:00am

Oil cake market rates

Rising trend was again seen on the forward cottonseed oilcake market on Thursday as persistent demand did not allow the prices to drift lower, brokers said. The July vaida opened with 60 paisa gain at Rs 439.20 which proved to be the lowest for the day, d

Published 10 Jun, 2005 12:00am

'Utility Stores to sell flour at Rs 11.50/kg'

Prime Minister Shaukat Aziz announced on Thursday that the federal government would supply Atta (flour) through Utility Stores Corporation (USC) outlets at Rs 11.50 per kg and the USC has also been directed to increase mobile vans for improvement in suppl

Published 10 Jun, 2005 12:00am

India may import wheat to stem surging prices

India, stung by spiralling wheat prices after a production shortfall, said on Thursday it will not hesitate to import in case of a supply squeeze. Wheat prices in the country started moving up from May, when the offtake is low because of low consumption i

Published 10 Jun, 2005 12:00am

CBR unveils concept of vehicle detention

The Central Board of Revenue (CBR) has empowered the Directorate General of Intelligence and Investigation, Customs and Excise to "detain" any suspected vehicle on the assumption of non-payment of duties and taxes by the owner. Previously, only powers of

Published 10 Jun, 2005 12:00am

Indonesian palm oil under pressure as demand slows

Physical prices of Indonesian crude palm oil and palm olein are seen drifting lower in coming days in the face of slow overseas demand and weak regional markets, traders said on Thursday. Spot Indonesian crude palm oil (CPO) was offered on Thursday at $36

Published 10 Jun, 2005 12:00am

CBR unveils concept of vehicle detention

The Central Board of Revenue (CBR) has empowered the Directorate General of Intelligence and Investigation, Customs and Excise to "detain" any suspected vehicle on the assumption of non-payment of duties and taxes by the owner. Previously, only powers of

Published 10 Jun, 2005 12:00am

CBOT wheat futures weak on harvest

Wheat futures on the Chicago Board of Trade closed lower on Wednesday on seasonal pressure from the US winter wheat harvest and spillover weakness from corn and soyabeans, traders said. July wheat ended down 6 cents at $3.13-1/4 per bushel, near its sessi

Published 10 Jun, 2005 12:00am

CBR unveils concept of vehicle detention

The Central Board of Revenue (CBR) has empowered the Directorate General of Intelligence and Investigation, Customs and Excise to "detain" any suspected vehicle on the assumption of non-payment of duties and taxes by the owner. Previously, only powers of

Published 10 Jun, 2005 12:00am

Philippines seeks to buy Vietnamese rice

Vietnam Southern Food Corp and South Korean trading firm LG International Co Ltd submitted offers to the Philippines on Thursday to supply 100,000 tonnes of rice. The National Food Authority (NFA), the rice-importing arm of the government, said the volume

Published 10 Jun, 2005 12:00am

'Raise in depreciation rate on used cars to affect foreign investment'

Car manufacturers on Thursday said that the increase in the rate of depreciation allowed on used cars imported into Pakistan from one percent to two percent per month to two percent per month will have negative impact on local automobile industry and adve

Published 10 Jun, 2005 12:00am

Malaysia's May palm oil output seen up

Output of palm oil in Malaysia, the top producing country, is estimated to have risen 4.3 percent in May from April amid a higher production cycle, a Reuters survey showed on Thursday. But stocks carried into June were estimated at around 1.37 million ton

Published 10 Jun, 2005 12:00am

'Raise in depreciation rate on used cars to affect foreign investment'

Car manufacturers on Thursday said that the increase in the rate of depreciation allowed on used cars imported into Pakistan from one percent to two percent per month to two percent per month will have negative impact on local automobile industry and adve

Published 10 Jun, 2005 12:00am

Activity at Karachi and Qasim ports

The Karachi Port handled 120,287 tonnes of cargo including 100,025 tonnes import and 20,262 tonnes export cargo including 5,000 containers during last 24 hours ending at 0700 hours on Thursday. The cargo comprised of 78,193 tonnes dry cargo including 59,9

Published 10 Jun, 2005 12:00am

''Raise in depreciation rate on used cars to affect foreign investment''

Car manufacturers on Thursday said that the increase in the rate of depreciation allowed on used cars imported into Pakistan from one percent to two percent per month to two percent per month will have negative impact on local automobile industry and adve

Published 10 Jun, 2005 12:00am

Singapore bunker fuel prices down

Singapore bunker prices were lower on Thursday, tracking falling fuel oil cargoes, as the bunker/cargo premium narrowed, dealers said. Prices for 380-centistoke (cst) bunker fuel were pegged at $245-$247 a tonne, down $6 a tonne from Wednesday, with the b

Published 10 Jun, 2005 12:00am

Record maintenance period for audit reduced

The Central Board of Revenue (CBR) has reduced the time period of record maintenance from 5 to 3 years, facilitating both exporters and importers from July 1, 2005. Official sources told Business Recorder on Thursday that now importers/exporters ar

Published 10 Jun, 2005 12:00am

US Midwest corn and soya steady

US Midwest spot soyabean and corn basis bids were mostly steady on Thursday, with some dealers posting 10 cents protection on soya and 5 cents on corn, expecting a lower open in Chicago futures markets, dealers said. Country sales were slow as farmers wer

Published 10 Jun, 2005 12:00am

Record maintenance period for audit reduced

The Central Board of Revenue (CBR) has reduced the time period of record maintenance from 5 to 3 years, facilitating both exporters and importers from July 1, 2005. Official sources told Business Recorder on Thursday that now importers/exporters ar

Published 10 Jun, 2005 12:00am

Karachi interbank rates

Karachi interbank rates on Thursday (June 09, 2005).

Published 10 Jun, 2005 12:00am

Record maintenance period for audit reduced

The Central Board of Revenue (CBR) has reduced the time period of record maintenance from 5 to 3 years, facilitating both exporters and importers from July 1, 2005. Official sources told Business Recorder on Thursday that now importers/exporters ar

Published 10 Jun, 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 10 Jun, 2005 12:00am

Massive raise in power and gas tariffs in offing

Massive increase in electricity and gas tariffs from July is in the offing, and for the first time, 'below poverty line' power consumers are being treated at par with other categories. Details available to Business Recorder suggested that the Oil a

Published 10 Jun, 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 10 Jun, 2005 12:00am

Currency	Rate
USD PKR Interbank Selling / May 15	281.68
USD PKR Interbank Buying / May 15	281.43
USD to Japanese Yen / May 15	145.80
USD to Swiss Franc / May 15	0.84
Pound Sterling to USD / May 15	1.33
Euro to USD / May 15	1.12
UK LIBOR % / May 14	4.96

Stock	Volume
S&P 500 / May 14	5,892.58
Nasdaq / May 14	19,146.81
Dow Jones / May 14	42,051.06
India Sensex / May 15	80,937.53
Tokyo Nikkei / May 15	37,755.51
Hang Seng / May 15	23,453.16
FTSE 100 / May 15	8,561.58
Germany DAX 30 / May 15	23,462.44
France CAC40 / May 15	7,814.71

Item	Value
Karachi Cotton PKR/37.32 KG / May 14	16,985
Gold 10 Grams PKR / May 14	293,124
Petrol/Litre / May 15	252.63
Crude Oil USD/Barrel / May 15	60.66
Gold Spot USD/Ounce / May 15	3,162.99
Diesel/Litre / May 15	256.64
Cotton US¢/pound / May 15	65.21

Stock	Price
Cres.Star Ins. / May 15 Crescent Star Insurance Limited(CSIL)	3.02 ▲ 0.41 (15.71%)
Parmount Sp. / May 15 Paramount Spinning Mills Limited(PASM)	3.70 ▲ 0.46 (14.2%)
Ghani Chemworld / May 15 Ghani Chemworld Limited(GCWL)	9.14 ▲ 1 (12.29%)
S.G.Power / May 15 S.G. Power Limited(SGPL)	8.65 ▲ 0.94 (12.19%)
Premier Insurance / May 15 Premier Insurance Limited(PINL)	5.83 ▲ 0.63 (12.12%)
Dewan Mushtaq / May 15 Dewan Mushtaq Textile Mills Limited(DMTM)	9.83 ▲ 1 (11.33%)
Hala Enterprise / May 15 Hala Enterprises Limited(HAEL)	13.26 ▲ 1.21 (10.04%)
P.T.C.L. / May 15 Pakistan Telecommunication Company Ltd(PTC)	22.06 ▲ 2.01 (10.02%)
Flying Cement / May 15 Flying Cement Company Limited(FLYNG)	49.46 ▲ 4.5 (10.01%)
Octopus Digital / May 15 Octopus Digital Limited(OCTOPUS)	52.09 ▲ 4.74 (10.01%)

Stock	Price
Olympia Mills / May 15 Olympia Mills Limited(OML)	50.47 ▼ -5.06 (-9.11%)
Hussain Industries / May 15 Husein Industries Limited(HUSI)	26.65 ▼ -2.64 (-9.01%)
Apna Microfin. / May 15 Apna Microfinance Bank Limited(AMBL)	10.04 ▼ -0.91 (-8.31%)
Askari Life Assur. / May 15 Askari Life Assurance Company Limited(ALAC)	4.63 ▼ -0.35 (-7.03%)
Imperial Limited / May 15 Imperial Limited(IML)	16.52 ▼ -1.23 (-6.93%)
B. F. Mod. / May 15 B.F. Modaraba(BFMOD)	8.73 ▼ -0.61 (-6.53%)
Punjab Oil / May 15 Punjab Oil Mills Limited(POML)	186.82 ▼ -11.54 (-5.82%)
Equity Modaraba / May 15 First Equity Modaraba(FEM)	2.85 ▼ -0.16 (-5.32%)
Pakgen Power / May 15 Pakgen Power Limited(PKGP)	114.14 ▼ -6.39 (-5.3%)
Ashfaq Textile / May 15 Ashfaq Textile Mills Limited(ASHT)	12.34 ▼ -0.68 (-5.22%)

Stock	Volume
Pak Refinery / May 15 Pakistan Refinery Limited(PRL)	50,818,876 ▲ 2.68
Cnergyico PK / May 15 Cnergyico PK Limited(CNERGY)	47,570,881 ▲ 0.48
K-Electric Ltd. / May 15 K-Electric Limited(KEL)	40,246,546 ▲ 0.16
Kohinoor Spining / May 15 Kohinoor Spinning Mills Limited(KOSM)	32,888,417 ▲ 0.18
At-Tahur Ltd. / May 15 At-Tahur Limited(PREMA)	29,667,657 ▲ 4.48
Sui South Gas / May 15 Sui Southern Gas Company Limited(SSGC)	25,344,612 ▲ 0.91
Waves Corporation / May 15 Waves Corporation Limited(WAVES)	21,773,148 ▲ 0.29
Pak Petroleum / May 15 Pakistan Petroleum Limited(PPL)	16,962,449 ▲ 3.34
B.O.Punjab / May 15 The Bank of Punjab(BOP)	16,957,410 ▲ 0.15
WorldCall Telecom / May 15 Worldcall Telecom Limited(WTL)	16,572,822 ▲ 0.03

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