News Archives for Print - 2005-07-01

US treasuries bid yields

US treasuries bid yields on Thursday (June 30, 2005).

Published 01 Jul, 2005 12:00am

Revenue collection may fall short of target

The Central Board of Revenue (CBR) is not likely to meet the enhanced target of Rs 590 billion set for current fiscal, as the expected collection till late Thursday night might reach Rs 580 billion despite all out efforts of the tax machinery.

Published 01 Jul, 2005 12:00am

US treasuries bid yields

US treasuries bid yields on Thursday (June 30, 2005).

Published 01 Jul, 2005 12:00am

Marking fee on 2 and 3 wheelers rationalised

The government has rationalised marking fee levied by Pakistan Standards and Quality Control Authority (PSQCA) on two and three wheelers after 24 years of initial levy. Federal Minister for Science & Technology Chaudhry Nauraiz Shakoor announced the decis

Published 01 Jul, 2005 12:00am

US treasuries bid yields

US treasuries bid yields on Thursday (June 30, 2005).

Published 01 Jul, 2005 12:00am

CBR enhances powers of intelligence directorate general officers

The Central Board of Revenue (CBR) has empowered officers of the directorate general of intelligence and investigation, customs and excise, to use certain powers of federal excise officers. The CBR has superseded SRO.543 (I)/75 of May 8, 1975 through an S

Published 01 Jul, 2005 12:00am

US treasuries bid prices

US treasuries bid prices on Thursday (June 30, 2005).

Published 01 Jul, 2005 12:00am

CBR enhances powers of intelligence directorate general officers

The Central Board of Revenue (CBR) has empowered officers of the directorate general of intelligence and investigation, customs and excise, to use certain powers of federal excise officers. The CBR has superseded SRO.543 (I)/75 of May 8, 1975 through an S

Published 01 Jul, 2005 12:00am

US treasuries bid prices

US treasuries bid prices on Thursday (June 30, 2005).

Published 01 Jul, 2005 12:00am

HRDN organises monthly forum

Greater compatibility between individual performances with the overall organisational strategy is inevitable to increase organisational output and maximise its benefits. This was stated in the monthly forum organised by Human Resource Development Network

Published 01 Jul, 2005 12:00am

US treasuries bid prices

US treasuries bid prices on Thursday (June 30, 2005).

Published 01 Jul, 2005 12:00am

'Bonded labour still alarming'

Despite efforts made by the government, boded labour is still alarming in Pakistan, the International Labour Organisation (ILO) advisor said. Steps taken toward addressing forced labour have been appreciated by the international community, however, due to

Published 01 Jul, 2005 12:00am

Open market rates of foreign currencies

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

Published 01 Jul, 2005 12:00am

'Funds being utilised to improve water supply system'

Punjab Chief Minister, Chaudhry Pervaiz Elahi, talking to a delegation of international water supply company, Atlantis Waters said here on Thursday that huge funds were being utilised for the improvement of water supply and sewerage system. He said that a

Published 01 Jul, 2005 12:00am

London Interbank Offered Rates

London Interbank Offered Rates (LIBOR) on Thursday (June 30, 2005).

Published 01 Jul, 2005 12:00am

Changes in local government laws to make system more efficient: Musharraf

President General Pervez Musharraf on Thursday said changes in the local government laws have been enacted to make the system more efficient and they do not in any way undermine principles of democracy at the grassroots level. He described the introductio

Published 01 Jul, 2005 12:00am

Spot dollar rates

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

Published 01 Jul, 2005 12:00am

Number of securities for margin financing raised

The Securities and Exchange Commission of Pakistan (SECP) on Thursday raised the number of approved securities for margin trading and margin financing from 135 to 154. According to the new list, banks can provide margin financing against 154 securities.

Published 01 Jul, 2005 12:00am

Money Market Report

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

Published 01 Jul, 2005 12:00am

'Great scope for trade boost with Tunisia'

The volume of trade between Pakistan and Tunisia could touch the peak in real terms of business if both the countries evolve a solid sector-specific strategy by involving all the stakeholders.

Published 01 Jul, 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 Thursday (June 30, 2005).

Published 01 Jul, 2005 12:00am

Bank branches facing five-rupee coins shortage

There was an acute shortage of five-rupee coins at most commercial bank branches in the city and even old established customers of commercial banks were not able to obtain the required number of five-rupee coins against exchange of five-rupee currency not

Published 01 Jul, 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 Thursday (June 30, 2005).

Published 01 Jul, 2005 12:00am

Withdrawal of IRO-2002 demanded

Twelve trade union federations associated with the Trade Unions Action Committee have warned the federal government to withdraw Industrial Relations Ordinance-2002 or be prepared to face countrywide protest.

Published 01 Jul, 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 Thursday (June 30, 2005).

Published 01 Jul, 2005 12:00am

Asghar Khan's book launched

Speakers at the book-launching ceremony of Asghar Khan's book, "We've Learnt Nothing from History", were unanimous that the writer of the book was a true Pakistani and a fighter against all sorts of tyranny. The function was held at a local hotel and the

Published 01 Jul, 2005 12:00am

Interest rates on old and incremental FCY deposits

Interest rates on old and incremental FCY deposits on Thursday (June 30, 2005).

Published 01 Jul, 2005 12:00am

PTCL adds more circuits to overcome Internet congestion

The Pakistan Telecommunication Company Limited (PTCL) on Thursday added 136MB (2000 circuits) for voice and 1500 circuits for data and call centres on satellite in addition to 8475 circuits to overcome internet connectivity problem due to fault in 'SEA-ME

Published 01 Jul, 2005 12:00am

LIBOR calculating interest on US dollar

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

Published 01 Jul, 2005 12:00am

Repair work of damaged Internet cable starts today

The repair ship headed towards the site of damaged submarine Internet cable SEAMEWE-3 is likely to reach the destination on Friday afternoon. A subsidiary of United Arab Emirates (UAE) based Etisalat, E-Marine's ship left the port on Wednesday at 1800 hou

Published 01 Jul, 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 Thursday (June 30, 2005).

Published 01 Jul, 2005 12:00am

CBR fails to recover Rs 4.055 billion from commercial units

The national exchequer has suffered a loss of Rs. 4.055 billion due to the inability of Central Board of Revenue (CBR) to recover customs duty and sales tax from over 913 commercial entities during the period between 1989 and 2005.

Published 01 Jul, 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 Thursday (June 30, 2005).

Published 01 Jul, 2005 12:00am

Water inflow at Tarbela and Chasma to recede

Chief Meteorologist, Anjum Bari Thursday expressed hope that inflow of water in Tarbela and Chasma would recede during the next two to three days. Speaking at a private TV channel, he said about 4 to 3 centigrade temperature had decreased in North Western

Published 01 Jul, 2005 12:00am

Exchange rates: buying and selling

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

Published 01 Jul, 2005 12:00am

Etisalat to soon announce PTCL expansion plan

The UAE-based Etisalat, which made the highest bid for 26 percent shares of Pakistan Telecommunication Company Limited (PTCL), will soon announce an expansion plan for it, and take several measures to improve the telecom sector in Pakistan.

Published 01 Jul, 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 01 Jul, 2005 12:00am

UK court cuts banks' ranking in insolvencies

A ruling by Britain's highest court on Thursday cut banks' expectations for payouts from future bankruptcies, raising the prospect directors may have to put their own assets on the line to raise finance, lawyers say. Banks have previously assumed that deb

Published 01 Jul, 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 01 Jul, 2005 12:00am

Britain estimates it has up to 570,000 illegal migrants

Britain could have as many as 570,000 immigrants staying in the country without permission, the Home Office said in a study on Thursday. The report, based on 2001 census data, is the government's first attempt to put a figure on the scale of illegal migra

Published 01 Jul, 2005 12:00am

Karachi interbank rates

Karachi interbank rates on Thursday (June 30, 2005).

Published 01 Jul, 2005 12:00am

UK watchdog delays ruling on LSE bid proposals

The Competition Commission has delayed a provisional ruling on two take-over proposals for the London Stock Exchange by about two weeks. The Commission had planned to release provisional findings from its in-depth probe in early July, but a spokesman told

Published 01 Jul, 2005 12:00am

New York coffee sags after specs sell

US arabica coffee futures settled down in a quiet session on Wednesday after bearish speculators took advantage of a lack of roaster buying, traders said. "We traded in a small range for the majority of the day," one trader said, adding that the bulk of v

Published 01 Jul, 2005 12:00am

Saddam trial could start in month or two

The trial of Iraq's former president Saddam Hussein could start within a couple of months, Prime Minister Ibrahim al-Jaafari said late on Wednesday. "We cannot pinpoint a specific date, maybe a month or two," Jaafari told reporters at a late-night recepti

Published 01 Jul, 2005 12:00am

New York cocoa extends losses

US cocoa futures prices slumped to a fresh two-week low on Wednesday, extending the previous session's losses amid continued dollar strength and light speculative selling, traders said. The New York Board of Trade's most-active September cocoa contract lo

Published 01 Jul, 2005 12:00am

LSE index down 30.19 points

Equities failed to maintain the rally on the Lahore Stock Exchange (LSE) on the second last day of the current trading week, after profit-taking surfaced in key chips, resulting in low turnover. The LSE-25 index registered a decline of 30.19 points or 0.7

Published 01 Jul, 2005 12:00am

MGE wheat slips on long liquidation

Spring wheat futures on the Minneapolis Grain Exchange closed mostly lower on Wednesday on long liquidation and spreading, traders said. "All day long we continued to see people come in just to sell the July outright or sell the (July/September) spread, a

Published 01 Jul, 2005 12:00am

LSE index down 30.19 points

Equities failed to maintain the rally on the Lahore Stock Exchange (LSE) on the second last day of the current trading week, after profit-taking surfaced in key chips, resulting in low turnover. The LSE-25 index registered a decline of 30.19 points or 0.7

Published 01 Jul, 2005 12:00am

KCBT wheat higher

Hard red winter wheat futures on the Kansas City Board of Trade closed mostly higher on Wednesday, marking a recovery after two days of declines, with players busy with spreads and in the options pit, traders said.

Published 01 Jul, 2005 12:00am

ISE equities shed more weight

Bears returned in the front seat at the Islamabad Stock Exchange (ISE) where equities failed to show recovery signs amid decrease in index. ISE Network Index showed a decrease of 34.15 points as the price-based indicator moved from 11,605.58 to 11,571.43

Published 01 Jul, 2005 12:00am

Indian economy grows 7 percent

India's annual economic growth accelerated to 7.0 percent in the final quarter of 2004/05 and while analysts expect momentum in services and manufacturing to continue, rainfall will be key to matching that pace this year.

Published 01 Jul, 2005 12:00am

ISE equities shed more weight

Bears returned in the front seat at the Islamabad Stock Exchange (ISE) where equities failed to show recovery signs amid decrease in index. ISE Network Index showed a decrease of 34.15 points as the price-based indicator moved from 11,605.58 to 11,571.43

Published 01 Jul, 2005 12:00am

Suspected file-swappers arrested in global raid

Police in more than a dozen countries have seized computers and made arrests in a crackdown on illegal file-swapping instigated by US investigators, the Dutch government said on Thursday. Authorities raided several locations in The Netherlands on Wednesda

Published 01 Jul, 2005 12:00am

US restores certain trade benefits for Pakistan and India

United States President George W. Bush restored trade benefits to certain Indian and Pakistani products on Wednesday, citing progress on intellectual property protections and worker rights. Bush said in a proclamation that the decisions were made after a

Published 01 Jul, 2005 12:00am

Boeing names chairman and chief executive

Leading US aerospace group Boeing Co on Thursday named 3M Co Chief Executive James McNerney as chairman and CEO, favouring him over candidates inside the company. McNerney, who formerly ran General Electric Co's jet engine division, will succeed Harry Sto

Published 01 Jul, 2005 12:00am

US restores certain trade benefits for Pakistan and India

United States President George W. Bush restored trade benefits to certain Indian and Pakistani products on Wednesday, citing progress on intellectual property protections and worker rights. Bush said in a proclamation that the decisions were made after a

Published 01 Jul, 2005 12:00am

Thousands protest labour law reforms in Australia

Tens of thousands of workers rallied in Australia Thursday to protest at plans by Prime Minister John Howard for labour law reforms which they say will cut pay and worsen working conditions and job security. A march which unionists said drew more than 100

Published 01 Jul, 2005 12:00am

US restores certain trade benefits for Pakistan and India

United States President George W. Bush restored trade benefits to certain Indian and Pakistani products on Wednesday, citing progress on intellectual property protections and worker rights. Bush said in a proclamation that the decisions were made after a

Published 01 Jul, 2005 12:00am

Bank of America to buy MBNA for $35 billion

Bank of America Corp on Thursday said it agreed to buy MBNA Corp, the world's largest independent credit card lender, for $35 billion, making the No. 2 US bank one of the world's biggest card issuers. The stock-and-cash transaction will double Bank of Ame

Published 01 Jul, 2005 12:00am

Iftikhar sworn in as new Chief Justice

At a simple but colourful ceremony at the Aiwan-e-Saddar, President Pervez Musharraf administered the oath of Chief Justice of Pakistan to Justice Iftikhar Muhammad Chaudhary thus installing him as the 20th chief of the national judiciary since independen

Published 01 Jul, 2005 12:00am

Egypt and Israel sign $2.5 billion gas supply deal

Egypt and Israel on Thursday signed a long-delayed $2.5-billion agreement on sales of Egyptian natural gas to Israel, underscoring improved ties between the two countries. Egyptian Oil Minister Sameh Fahmy signed the agreement in Cairo with visiting Israe

Published 01 Jul, 2005 12:00am

Iftikhar sworn in as new Chief Justice

At a simple but colourful ceremony at the Aiwan-e-Saddar, President Pervez Musharraf administered the oath of Chief Justice of Pakistan to Justice Iftikhar Muhammad Chaudhary thus installing him as the 20th chief of the national judiciary since independen

Published 01 Jul, 2005 12:00am

European economy reports stay weak

Continental Europe's two biggest economies showed little sign of vibrancy in unemployment reports released on Thursday, with a marginal dip in Germany and no real change in France, where household confidence slid unexpectedly. Britain, which has enjoyed s

Published 01 Jul, 2005 12:00am

Gas prices raised by 5.81 percent

The government has increased gas prices by 5.81 percent per MMBTU for domestic, commercial, industrial, Wapda and other power sector companies, except domestic consumers using up to 100 MMBTU, to be effective from July 1. However, gas prices for fertilise

Published 01 Jul, 2005 12:00am

EU launches probe into Chinese and Indian shoe imports

The European Union's executive announced Thursday it was launching an anti-dumping investigation into surging imports of Chinese and Indian work shoes, in the latest trade strain between Brussels and Beijing.

Published 01 Jul, 2005 12:00am

Gas prices raised by 5.81 percent

The government has increased gas prices by 5.81 percent per MMBTU for domestic, commercial, industrial, Wapda and other power sector companies, except domestic consumers using up to 100 MMBTU, to be effective from July 1. However, gas prices for fertilise

Published 01 Jul, 2005 12:00am

TCS forms joint venture with Microsoft

India's top software exporter Tata Consultancy Services Ltd. said on Thursday it would set up a joint venture in China to provide software services to global companies and the local Chinese market. TCS will hold a majority stake in the venture and Microso

Published 01 Jul, 2005 12:00am

Gas prices raised by 5.81 percent

The government has increased gas prices by 5.81 percent per MMBTU for domestic, commercial, industrial, Wapda and other power sector companies, except domestic consumers using up to 100 MMBTU, to be effective from July 1. However, gas prices for fertilise

Published 01 Jul, 2005 12:00am

US spending flat in May, inflation tame

US consumer spending was a bit weaker than expected in May, government data showed on Thursday, while a key inflation gauge held steady - good news for the Federal Reserve as it mulls another interest rate hike. Jobless claims were also lower than expecte

Published 01 Jul, 2005 12:00am

No withholding tax on forex accounts

The Central Board of Revenue (CBR) has announced that the 0.1 percent withholding tax will not be applicable on the withdrawal of cash from the foreign currency accounts. The CBR on Thursday issued a clarification to Dr Ikramul Haq, Lahore Law House, Laho

Published 01 Jul, 2005 12:00am

Turkish trade gap hits historic high

Turkey's trade deficit leapt 44.3 percent to a historic monthly high of $4.075 billion in May, official data showed on Thursday, a level above market expectations. A Reuters poll had forecast a deficit of $4 billion. Turkish exports rose 9.9 percent year-

Published 01 Jul, 2005 12:00am

No withholding tax on forex accounts

The Central Board of Revenue (CBR) has announced that the 0.1 percent withholding tax will not be applicable on the withdrawal of cash from the foreign currency accounts. The CBR on Thursday issued a clarification to Dr Ikramul Haq, Lahore Law House, Laho

Published 01 Jul, 2005 12:00am

Canada's economy bounces back

Canada's economy rebounded in April, posting its best monthly growth in almost a year, supporting the widely held view that the Bank of Canada will increase interest rates in the fall. The economy grew a slightly better-than-expected 0.4 percent in April,

Published 01 Jul, 2005 12:00am

July refinance rate fixed at 7.5 percent

The State Bank of Pakistan (SBP) has decided that the rate of refinance under export finance scheme applicable for the month of July would be 7.5 percent per annum.

Published 01 Jul, 2005 12:00am

WTO plays down fear of IT off-shoring

Concerns over job losses amid the offshoring of IT services are being overplayed because the shift could lead to broad economic benefits in rich nations, the World Trade Organisation said Thursday. "Most of the expressed expectations and fears related to

Published 01 Jul, 2005 12:00am

Services liable to 15 percent CED notified

The Central Board of Revenue (CBR) has notified the names of services liable to 15 percent central excise duty (CED) in value-added tax (VAT) mode. The CBR on Thursday issued SRO 648(I)/2005 to notify the names of service providers liable to federal excis

Published 01 Jul, 2005 12:00am

Wipro vice-chairman quits

Wipro Ltd announced on Thursday the departure of Vivek Paul, its US-based vice-chairman who was largely responsible for making India's third-largest software exporter what it is today. Wipro said Paul would stay on until the end of September before joinin

Published 01 Jul, 2005 12:00am

Services liable to 15 percent CED notified

The Central Board of Revenue (CBR) has notified the names of services liable to 15 percent central excise duty (CED) in value-added tax (VAT) mode. The CBR on Thursday issued SRO 648(I)/2005 to notify the names of service providers liable to federal excis

Published 01 Jul, 2005 12:00am

PalmOne profit rises

Handheld computer maker palmOne Inc on Thursday reported that fourth-quarter profit jumped 33 percent on strong sales of its Treo mobile phones, and said it sees first-quarter profit and revenue above analysts' estimates. The stock gained 8 percent in ear

Published 01 Jul, 2005 12:00am

Profit-taking sets in on KSE

The profit-taking in several key scrips erased share values on Wednesday discouraging genuine investors to build fresh positions in oil, gas and bank sectors. The market struggled to hold ground with the KSE-100 index declining 44 points to the 7451 point

Published 01 Jul, 2005 12:00am

PalmOne profit rises

Handheld computer maker palmOne Inc on Thursday reported that fourth-quarter profit jumped 33 percent on strong sales of its Treo mobile phones, and said it sees first-quarter profit and revenue above analysts' estimates. The stock gained 8 percent in ear

Published 01 Jul, 2005 12:00am

Profit-taking sets in on KSE

The profit-taking in several key scrips erased share values on Wednesday discouraging genuine investors to build fresh positions in oil, gas and bank sectors. The market struggled to hold ground with the KSE-100 index declining 44 points to the 7451 point

Published 01 Jul, 2005 12:00am

John Costas to build new hedge fund unit at UBS

John Costas, one of the world's top bankers, is leaving his job at the helm of UBS's investment banking arm to set up a hedge fund as the Swiss bank revamps its wealth management business. Huw Jenkins, currently head of equities at UBS, will succeed Costa

Published 01 Jul, 2005 12:00am

Profit-taking sets in on KSE

The profit-taking in several key scrips erased share values on Wednesday discouraging genuine investors to build fresh positions in oil, gas and bank sectors. The market struggled to hold ground with the KSE-100 index declining 44 points to the 7451 point

Published 01 Jul, 2005 12:00am

John Costas to build new hedge fund unit at UBS

John Costas, one of the world's top bankers, is leaving his job at the helm of UBS's investment banking arm to set up a hedge fund as the Swiss bank revamps its wealth management business. Huw Jenkins, currently head of equities at UBS, will succeed Costa

Published 01 Jul, 2005 12:00am

CED to be levied on six items

The Central Board of Revenue (CBR) will charge applicable rates of central excise duty (CED) on six items, including vegetable ghee and cooking oil, manufactured in non-tariff areas and subsequently brought them to tariff areas. However, excise duty will

Published 01 Jul, 2005 12:00am

French farmers woo UK tourists over EU subsidies

French farmers promised on Thursday to expand a charm offensive on British tourists this week and offer free gastronomic delights to visitors across the country in defence of their hefty EU farm subsidies.

Published 01 Jul, 2005 12:00am

CED to be levied on six items

The Central Board of Revenue (CBR) will charge applicable rates of central excise duty (CED) on six items, including vegetable ghee and cooking oil, manufactured in non-tariff areas and subsequently brought them to tariff areas. However, excise duty will

Published 01 Jul, 2005 12:00am

Google sued over 'click fraud' in Web ads

A seller of online marketing tools said on Wednesday it sued Google Inc, charging that the Web search giant has failed to protect users of its advertising program from "click fraud," costing them at least $5 million.

Published 01 Jul, 2005 12:00am

Cement makers asked to bring down prices in 10 days

The government on Thursday conveyed to the cement manufacturers to either bring down prices back to pre-budget level in 10 days to avoid concessional duty regime on cement import. An official, who was part of the government team, which conveyed the govern

Published 01 Jul, 2005 12:00am

High oil prices give G8 summit economic headache

With US airlines losing $17,000 a minute, world leaders are under pressure to respond to record world oil prices when they discuss the state of the economy and trade at a Group of Eight (G8) summit in Scotland next week.

Published 01 Jul, 2005 12:00am

Cement makers asked to bring down prices in 10 days

The government on Thursday conveyed to the cement manufacturers to either bring down prices back to pre-budget level in 10 days to avoid concessional duty regime on cement import. An official, who was part of the government team, which conveyed the govern

Published 01 Jul, 2005 12:00am

Trinity Mirror approached with Mirror bid

UK publisher Trinity Mirror has rebuffed several approaches from conference magnate Marcus Evans about buying its flagship Mirror tabloid, a source familiar with the situation said on Thursday. Trinity Mirror has faced persistent pressure to split up its

Published 01 Jul, 2005 12:00am

Cement makers asked to bring down prices in 10 days

The government on Thursday conveyed to the cement manufacturers to either bring down prices back to pre-budget level in 10 days to avoid concessional duty regime on cement import. An official, who was part of the government team, which conveyed the govern

Published 01 Jul, 2005 12:00am

Oil riches are a curse for Iraq's divided Kirkuk

Deep beneath the northern Iraqi city of Kirkuk is one of the most valuable oil deposits on the planet. But when Fahd Hussein looks at his home town, all he sees is a fetid slum. Kirkuk, potentially one of the richest cities in Iraq, is instead one of its

Published 01 Jul, 2005 12:00am

Bank holiday today

Banks will not do public dealing on July 1 (Friday) due to bank holiday, said a notification issued by the State Bank of Pakistan (SBP) on Thursday.

Published 01 Jul, 2005 12:00am

Infosys's bank product links with Oracle

Infosys Technologies Ltd, India's second-largest software exporter, said on Thursday it will integrate Oracle Corp's Internet-based business software with its banking product, Finacle. The E-business Suite of software from Oracle, the world's second bigge

Published 01 Jul, 2005 12:00am

Bank holiday today

Banks will not do public dealing on July 1 (Friday) due to bank holiday, said a notification issued by the State Bank of Pakistan (SBP) on Thursday.

Published 01 Jul, 2005 12:00am

Georgia names new finance minister

Georgian Prime Minister Zurab Nogaideli on Thursday appointed Alexy Alexishvili, who as economy minister pressed privatisation in the Caucasus state, to head a Finance ministry hit this week by a corruption scandal. Nogaideli said Economy Minister Alexish

Published 01 Jul, 2005 12:00am

Finance seeks sugar import by public sector

The finance ministry has sought approval from the Economic Coordination Committee (ECC) of the Cabinet for import of sugar by the public sector to improve supply situation and arrest upward trend in its prices. The ECC is meeting here on Friday to take up

Published 01 Jul, 2005 12:00am

Currency	Rate
USD PKR Interbank Selling / Nov 22	277.85
USD PKR Interbank Buying / Nov 22	277.65
USD to Japanese Yen / Nov 23	154.78
USD to Swiss Franc / Nov 23	0.89
Pound Sterling to USD / Nov 23	1.25
Euro to USD / Nov 23	1.04

Stock	Volume
S&P 500 / Nov 22	5,969.34
India Sensex / Nov 22	79,117.11
Tokyo Nikkei / Nov 22	38,283.85
Nasdaq / Nov 22	18,003.65
Hang Seng / Nov 22	19,229.97
FTSE 100 / Nov 22	8,262.08
Dow Jones / Nov 22	44,296.51
Germany DAX 30 / Nov 22	19,322.59

Item	Value
Karachi Cotton PKR/37.32 KG / Nov 22	17,785
Gold 10 Grams PKR / Nov 22	240,483
Crude Oil USD/Barrel / Nov 23	71.24
Gold Spot USD/Ounce / Nov 23	2,716.19
Cotton US¢/pound / Nov 23	70.77
Petrol/Litre / Nov 24	248.38

Stock	Price
786 Invest Ltd / Nov 24 786 Investments Limited(786)	6.82 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 24 Al-Abbas Sugar Mills Limited(AABS)	593.76 ▼ 0.00 (0.00%)
Agro Allianz / Nov 24 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 24 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 24 Ali Asghar Textile Mills Limited(AATM)	70.89 ▼ 0.00 (0.00%)
Allied Bank / Nov 24 Allied Bank Limited(ABL)	120.21 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 24 Abbott Laboratories (Pakistan) Limited(ABOT)	1,023.10 ▼ 0.00 (0.00%)
Abson Ind. / Nov 24 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 24 Alfalah Consumer Index ETF.(ACIETF)	12.55 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 24 786 Investments Limited(786)	6.82 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 24 Al-Abbas Sugar Mills Limited(AABS)	593.76 ▲ 0.00 (0.00%)
Agro Allianz / Nov 24 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 24 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 24 Ali Asghar Textile Mills Limited(AATM)	70.89 ▲ 0.00 (0.00%)
Allied Bank / Nov 24 Allied Bank Limited(ABL)	120.21 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 24 Abbott Laboratories (Pakistan) Limited(ABOT)	1,023.10 ▲ 0.00 (0.00%)
Abson Ind. / Nov 24 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 24 Alfalah Consumer Index ETF.(ACIETF)	12.55 ▲ 0.00 (0.00%)

Stock	Volume
WorldCall Telecom / Nov 24 Worldcall Telecom Limited(WTL)	177,135,830 ▲ 0.00
K-Electric Ltd. / Nov 24 K-Electric Limited(KEL)	124,131,268 ▲ 0.00
Hascol Petrol / Nov 24 Hascol Petroleum Limited(HASCOL)	105,013,176 ▲ 0.00
Fauji Foods Ltd / Nov 24 Fauji Foods Limited(FFL)	77,697,371 ▲ 0.00
Treet Battery / Nov 24 Treet Battery Limited(TBL)	43,783,366 ▲ 0.00
B.O.Punjab / Nov 24 The Bank of Punjab(BOP)	36,573,763 ▲ 0.00
Sui South Gas / Nov 24 Sui Southern Gas Company Limited(SSGC)	32,719,678 ▲ 0.00
PIA Holding Co.Ltd / Nov 24 PIA Holding Company Limited(PIAHCLA)	27,969,689 ▲ 0.00
Cnergyico PK / Nov 24 Cnergyico PK Limited(CNERGY)	25,874,820 ▲ 0.00

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