News Archives for Print - 2005-07-09

US treasuries bid prices

US treasuries bid prices on Friday (July 08, 2005).

Published 09 Jul, 2005 12:00am

'Business Week' honours NBP President Ali Raza

'Business Week', the reputed global magazine, in its issue of July 11, 2005, has recognised S Ali Raza, Chairman & President, National Bank of Pakistan, as one of its 25 'Stars of Asia', in its title article, 'Leaders at the forefront of change'. The arti

Published 09 Jul, 2005 12:00am

Open market rates of foreign currencies

Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Friday (July 08, 2005).

Published 09 Jul, 2005 12:00am

Gastro outbreak: emergency declared in Zhob hospitals

Executive District Office (EDO) Health Dr Abdul Rahim Sherani said emergency has been declared in all the hospitals in connection with the outbreak of gastroenteritis in the town. Talking to newsmen here on Friday, he said all the officials of health depa

Published 09 Jul, 2005 12:00am

London Interbank Offered Rates

London Interbank Offered Rates (LIBOR) on Friday (July 08, 2005).

Published 09 Jul, 2005 12:00am

No danger to life, property by Indian water release

Chairman Flood Control Commission, I.B. Sheikh on Friday said there was no danger posing to the life and property in the area, following the release of excessive water by India in river Chanab. Speaking in a PTV programme, he said there was an apprehensio

Published 09 Jul, 2005 12:00am

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Friday (July 08, 2005).

Published 09 Jul, 2005 12:00am

New tax return forms issued

The Central Board of Revenue (CBR) has issued the draft of new ''Income Tax Return'' Forms, applicable for the ''Tax year 2005''. The CBR has issued notification to circulate the draft of the new forms. The CBR has asked the taxpayers to examine these for

Published 09 Jul, 2005 12:00am

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Friday (July 08, 2005).

Published 09 Jul, 2005 12:00am

New tax return forms issued

The Central Board of Revenue (CBR) has issued the draft of new 'Income Tax Return' Forms, applicable for the 'Tax year 2005'. The CBR has issued notification to circulate the draft of the new forms. The CBR has asked the taxpayers to examine these forms a

Published 09 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 Friday (July 08, 2005).

Published 09 Jul, 2005 12:00am

New tax return forms issued

The Central Board of Revenue (CBR) has issued the draft of new 'Income Tax Return' Forms, applicable for the 'Tax year 2005'. The CBR has issued notification to circulate the draft of the new forms. The CBR has asked the taxpayers to examine these forms a

Published 09 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 Friday (July 08, 2005).

Published 09 Jul, 2005 12:00am

Iran-Pakistan-India gas line: working group to meet on July 12

Two-day first meeting of Working Group, set up on Iran-Pakistan-India gas pipeline project valued at dollars 4.16 billion will be held here between New Delhi and Islamabad on July 12. Pakistan's seven-member delegation, headed by Secretary Petroleum and N

Published 09 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 Friday (July 08, 2005).

Published 09 Jul, 2005 12:00am

Private sector buys Chinese white sugar

Private Pakistani buyers have bought a few cargoes of Chinese white sugar for shipment in July and August, traders said on Friday. They said one deal had been done to ship 12,000-13,000 tonnes of bagged white sugar from southern China to Pakistan from Jul

Published 09 Jul, 2005 12:00am

Interest rates on old and incremental FCY deposits

Interest rates on old and incremental FCY deposits on Friday (July 08, 2005).

Published 09 Jul, 2005 12:00am

Private sector buys Chinese white sugar

Private Pakistani buyers have bought a few cargoes of Chinese white sugar for shipment in July and August, traders said on Friday. They said one deal had been done to ship 12,000-13,000 tonnes of bagged white sugar from southern China to Pakistan from Jul

Published 09 Jul, 2005 12:00am

LIBOR calculating interest on US dollar

London Interbank Offer Rates on for calculating interest on special US dollar on Friday (July 08, 2005).

Published 09 Jul, 2005 12:00am

Private sector buys Chinese white sugar

Private Pakistani buyers have bought a few cargoes of Chinese white sugar for shipment in July and August, traders said on Friday. They said one deal had been done to ship 12,000-13,000 tonnes of bagged white sugar from southern China to Pakistan from Jul

Published 09 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 Friday (July 08, 2005).

Published 09 Jul, 2005 12:00am

EMS Chemie first-half sales rise

Swiss specialty chemicals company EMS Chemie's 2005 first-half sales rose 8.7 percent to 633 million Swiss francs ($492.6 million), from a restated 583 million francs a year earlier, the firm said on Friday. Earnings before interest and tax (EBIT) rose 3.

Published 09 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 Friday (July 08, 2005).

Published 09 Jul, 2005 12:00am

EMS Chemie first-half sales rise

Swiss specialty chemicals company EMS Chemie's 2005 first-half sales rose 8.7 percent to 633 million Swiss francs ($492.6 million), from a restated 583 million francs a year earlier, the firm said on Friday. Earnings before interest and tax (EBIT) rose 3.

Published 09 Jul, 2005 12:00am

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Friday (July 08, 2005).

Published 09 Jul, 2005 12:00am

Germany's Merkel wins backing for VAT hike

Germany's Angela Merkel, the favourite to beat Chancellor Gerhard Schroeder in September elections, won backing on Friday for the most controversial part of her platform, a plan to raise Value Added Tax (VAT). Merkel, leader of the Christian Democrats (CD

Published 09 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 09 Jul, 2005 12:00am

Foreign carmakers hog rewards of Russia's car boom

Russia's ballooning car market promises rich returns, but analysts say foreign competitors are muscling in and threaten to leave local players empty-handed. Real wages are rising fast and people are eager to buy all the consumer goods that were once too e

Published 09 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 09 Jul, 2005 12:00am

EU extends deadline on Maersk-Nedlloyd probe

The European Commission has extended the deadline for its review of Danish shipping giant A.P. Moeller-Maersk's bid to purchase smaller Dutch rival P&O Nedlloyd for 2.3 billion euros, a spokesman said on Friday. "The deadline has been extended to July 29

Published 09 Jul, 2005 12:00am

Karachi interbank rates

Karachi interbank rates on Friday (July 08, 2005).

Published 09 Jul, 2005 12:00am

Germany extends terror insurance guarantees

Germany announced on Friday it was extending terror insurance guarantees put in place after the September 11 attacks by two years until the end of 2007 following Thursday's deadly blasts in London. "The terrorist attacks in London yesterday have shown how

Published 09 Jul, 2005 12:00am

Russian sugar imports up

Russian raw sugar imports rose by 11.7 percent to 1,259,300 tonnes in the first five months of 2005 from 1,127,700 tonnes in the same period of 2004, the Federal Customs Service (FCS) said on Friday. Imports in May were 395,000 tonnes, 8.3 percent higher

Published 09 Jul, 2005 12:00am

Aberdeen to buy Deutsche units, plans rights issue

Aberdeen Asset Management Plc is to buy most of Deutsche Bank's funds businesses in the UK for up to 265 million pounds ($465 million), significantly boosting its size and helping it enter new markets. Aberdeen said on Thursday that 215 million pounds of

Published 09 Jul, 2005 12:00am

New York cotton

Friday's closing prices of New York cotton in US cents/lb.

Published 09 Jul, 2005 12:00am

Aberdeen to buy Deutsche units, plans rights issue

Aberdeen Asset Management Plc is to buy most of Deutsche Bank's funds businesses in the UK for up to 265 million pounds ($465 million), significantly boosting its size and helping it enter new markets. Aberdeen said on Thursday that 215 million pounds of

Published 09 Jul, 2005 12:00am

New York cotton

Friday's closing prices of New York cotton in US cents/lb.

Published 09 Jul, 2005 12:00am

ISE shows improvement

Bears returned in the driving seat at the Islamabad Stock Exchange (ISE) where selected stocks closed in negative territory amid decrease in index. ISE Network Index showed an improvement of 3.22 points as the price-based indicator moved from 11,684.40 to

Published 09 Jul, 2005 12:00am

Hungary to buy grain to ease storage problem

Hungary will buy between 300,000 and 400,000 tonnes of wheat and barley from farmers who lack storage capacity, the Agriculture Ministry said on Friday. The ministry said earlier that 3.5-4 million tonnes of grain must leave the country and up to 2.5 mill

Published 09 Jul, 2005 12:00am

ISE shows improvement

Bears returned in the driving seat at the Islamabad Stock Exchange (ISE) where selected stocks closed in negative territory amid decrease in index. ISE Network Index showed an improvement of 3.22 points as the price-based indicator moved from 11,684.40 to

Published 09 Jul, 2005 12:00am

Activity at Karachi and Qasim ports

The Karachi Port handled 71,075 tonnes of cargo including 47,278 tonnes import and 23,797 tonnes export cargo during last 24 hours ending at 0700 hours on Friday. The cargo comprised of 69,695 tonnes dry cargo including 52,217 tonnes general cargo; 1,415

Published 09 Jul, 2005 12:00am

Range-bound activity on LSE

The share market almost ignored the London blasts incident killing scores of people, however, activity remained range-bound on last trading day of the week where equities moved back and forth and the benchmark index ended with a nominal decline. The LSE-2

Published 09 Jul, 2005 12:00am

HRW wheat bids steady, market quiet

US Plains spot hard red winter wheat basis bids were steady on Friday, with merchants reporting a lack of farmer selling interest. The quiet country market was due in large part to the setback in wheat futures prices at midweek and expectations for furthe

Published 09 Jul, 2005 12:00am

Range-bound activity on LSE

The share market almost ignored the London blasts incident killing scores of people, however, activity remained range-bound on last trading day of the week where equities moved back and forth and the benchmark index ended with a nominal decline. The LSE-2

Published 09 Jul, 2005 12:00am

FOB Gulf soft wheat weak as exports lag

US FOB Gulf soft red winter wheat basis levels weakened on Thursday as the lack of fresh export business weighed on the market, traders said. New-crop supplies continued to come on the market as farmers surged through the SRW wheat harvest in the Midwest.

Published 09 Jul, 2005 12:00am

Musharraf renews pledge to develop far-off areas

President General Pervez Musharraf on Friday said the government is resolved to benefit the people of far-flung areas with the fruits of economic development and bring them at par with developed parts of the country. Addressing a gathering of elders here,

Published 09 Jul, 2005 12:00am

First case of bird flu hits Philippines

The Philippines has suffered its first case of bird flu after ducks were found to be infected in a town north of Manila, prompting the country to immediately halt poultry exports to Japan, government officials said on Friday.

Published 09 Jul, 2005 12:00am

Musharraf renews pledge to develop far-off areas

President General Pervez Musharraf on Friday said the government is resolved to benefit the people of far-flung areas with the fruits of economic development and bring them at par with developed parts of the country. Addressing a gathering of elders here,

Published 09 Jul, 2005 12:00am

CBOT wheat futures higher, following trend in corn

Wheat futures on the Chicago Board of Trade closed higher on Thursday after a choppy session, following trends in a volatile, weather-driven corn market, traders said. "Wheat has been a follower in here today. Corn has been the most active," one floor tra

Published 09 Jul, 2005 12:00am

Musharraf renews pledge to develop far-off areas

President General Pervez Musharraf on Friday said the government is resolved to benefit the people of far-flung areas with the fruits of economic development and bring them at par with developed parts of the country. Addressing a gathering of elders here,

Published 09 Jul, 2005 12:00am

India upbeat on crop output, but trade disagrees

India expects its wheat output to be the same as the previous year and oilseeds production to be higher because of good soil moisture, the farm ministry said on Friday. But traders said the government's projections were too optimistic and the wheat output

Published 09 Jul, 2005 12:00am

No more U-turns in economic move: Prime Minister lays tractor plant foundation

Prime Minister Shaukat Aziz on Friday emphasised that there would be no more U-turns in the country''s economic move and it would enable investors to make long-term plans in the country. He hinted at introduction of ''white revolution'', in which the gove

Published 09 Jul, 2005 12:00am

Oil cake market rates

Futures maintained upward trend on the forward cottonseed oilcake market on Friday due to new purchasing on apprehension of further increase in the prices, dealers said. The December vaida commenced sharply higher at Rs 243.00 and that proved to be day's

Published 09 Jul, 2005 12:00am

No more U-turns in economic move: Prime Minister lays tractor plant foundation

Prime Minister Shaukat Aziz on Friday emphasised that there would be no more U-turns in the country's economic move and it would enable investors to make long-term plans in the country. He hinted at introduction of 'white revolution', in which the governm

Published 09 Jul, 2005 12:00am

Cotton prices may go up on shortage fear

All the eyes were set on the Monday's TCP auction and players on the cotton market on Friday guessing that the corporation to get enhanced rates in the coming days, dealers said. The Karachi Cotton Association (KCA) official spot rate was unchanged at Rs

Published 09 Jul, 2005 12:00am

No more U-turns in economic move: Prime Minister lays tractor plant foundation

Prime Minister Shaukat Aziz on Friday emphasised that there would be no more U-turns in the country's economic move and it would enable investors to make long-term plans in the country. He hinted at introduction of 'white revolution', in which the governm

Published 09 Jul, 2005 12:00am

Thai rice futures higher

Thai rice futures edged higher on Friday due to stop-loss selling as players offset July contracts on the last day of trading to avoid delivery, brokers said. Overall volume rose as 50 contracts of 5 percent white rice were trade compared to Thursday's 30

Published 09 Jul, 2005 12:00am

TCP likely to import cement

The Trading Corporation of Pakistan is exploring the possibilities of importing cement to stabilise prices of the commodity in local market, TCP Chairman, Syed Masood Alam told PPI that the matter was still at the stage of ''exploring'' the possibilities

Published 09 Jul, 2005 12:00am

Plastic mouldings mixed

The trading on plastic mouldings moved both ways here on Jodia Bazar on Friday. The following changes were seen in HDPE film TR144 down 50 paisa to Rs 35, HDPE Kuwait down Re 1 to Rs 36, Marlex down Re 1 to Rs 36, Iran up Re 1 to Rs 36, LDPE MG20 down Rs

Published 09 Jul, 2005 12:00am

TCP likely to import cement

The Trading Corporation of Pakistan is exploring the possibilities of importing cement to stabilise prices of the commodity in local market, TCP Chairman, Syed Masood Alam told PPI that the matter was still at the stage of 'exploring' the possibilities in

Published 09 Jul, 2005 12:00am

Prices move both ways on grain market

Apprehensions of low supplies in the coming days, pushed the cottonseed oilcake prices up on the grain market on Friday, dealers said. On the seed side, cottonseed oilcake with bag managed to gain rupee five for buying and selling at Rs 430-450 on fears t

Published 09 Jul, 2005 12:00am

TCP likely to import cement

The Trading Corporation of Pakistan is exploring the possibilities of importing cement to stabilise prices of the commodity in local market, TCP Chairman, Syed Masood Alam told PPI that the matter was still at the stage of 'exploring' the possibilities in

Published 09 Jul, 2005 12:00am

New York coffee down

US arabica coffee futures edged down in modest trading on Thursday as many market players held back in sympathy with a series of bomb attacks in London, traders said. The New York Board of Trade's most-active September arabica contract finished at $1.0715

Published 09 Jul, 2005 12:00am

Erratic movement on stock market

Buying support in oil refining companies helped the stock market averted large declines on Friday as PTCL and OGDC received heavy battering, resulting in a meagre decline at the end of the session on weekend. The KSE-100 index moved down to 7588.94 from 7

Published 09 Jul, 2005 12:00am

New York cocoa declines

US cocoa futures fell to a fresh one-year low on Thursday, pushed down by speculative selling amid a flagging British pound against the dollar and lingering expectations of a good new West African crop, traders said. The New York Board of Trade's most-act

Published 09 Jul, 2005 12:00am

Erratic movement on stock market

Buying support in oil refining companies helped the stock market averted large declines on Friday as PTCL and OGDC received heavy battering, resulting in a meagre decline at the end of the session on weekend. The KSE-100 index moved down to 7588.94 from 7

Published 09 Jul, 2005 12:00am

MGE wheat futures higher

Spring wheat futures on the Minneapolis Grain Exchange closed higher on Thursday in thin trade, tracking an upturn in Chicago Board of Trade corn and wheat futures, traders said. MGE July wheat ended up 1 cent at $3.49 per bushel, with deferred months up

Published 09 Jul, 2005 12:00am

Erratic movement on stock market

Buying support in oil refining companies helped the stock market averted large declines on Friday as PTCL and OGDC received heavy battering, resulting in a meagre decline at the end of the session on weekend. The KSE-100 index moved down to 7588.94 from 7

Published 09 Jul, 2005 12:00am

Soya rust spores may be in Tennessee, Kentucky: USDA

The spread of soybean rust may be increasing in the south-eastern United States after the US Agriculture Department said on Thursday possible rust spores were likely discovered in Tennessee and Kentucky. The USDA said it found what is believed to be soybe

Published 09 Jul, 2005 12:00am

Ministry barred from leasing out sleeper plants

The government has barred the Ministry of Railways (MoR) from leasing out two of its concrete sleeper manufacturing factories situated in Kotri and Kohat, saying that such transactions might take the Railways into litigation, official sources told Busi

Published 09 Jul, 2005 12:00am

Australian wool indicator moves higher

The Australian Wool Exchange (AWEX) said its eastern market indicator (EMI) rose four cents to 735 cents a kg clean at its sales on Thursday. AWEX said its northern indicator (Sydney) rose five cents to 746 c/kg, while the southern indicator (Melbourne) r
Published 09 Jul, 2005 12:00am

Ministry barred from leasing out sleeper plants

The government has barred the Ministry of Railways (MoR) from leasing out two of its concrete sleeper manufacturing factories situated in Kotri and Kohat, saying that such transactions might take the Railways into litigation, official sources told Busi
Published 09 Jul, 2005 12:00am

New York copper ends up, recovers after London attacks

New York copper futures rose on Thursday, recovering from early profit taking after a series of bombing attacks rocked London, as worries about a shortage of the economically crucial metal remained the main influence. "The market absorbed this quite nicel
Published 09 Jul, 2005 12:00am

Ministry barred from leasing out sleeper plants

The government has barred the Ministry of Railways (MoR) from leasing out two of its concrete sleeper manufacturing factories situated in Kotri and Kohat, saying that such transactions might take the Railways into litigation, official sources told Busi
Published 09 Jul, 2005 12:00am

Tokyo gold down, focus shifts to data from blasts

Tokyo gold futures fell modestly on Friday, reflecting a decline in oil prices and as dollar-denominated spot bullion backed off, but trading was calm following bomb attacks that rocked London a day. Gold prices were expected to gain support after the Lon
Published 09 Jul, 2005 12:00am

Chicken prices shoot up

High incubation and upbringing cost and massive mortality of broilers during recent heat waves have escalated chicken prices up to Rs 90 per kg. The consumers, whose purchasing power has been eroded by the recent price hike in essential commodities, inclu
Published 09 Jul, 2005 12:00am

New York gold, other precious metals up

Gold futures in New York climbed on Thursday after four explosions ripped through London at rush hour, killing dozens of people and wounding scores. Gold for August delivery on the New York Mercantile Exchange's Comex division stood $2.10 higher at $426.6
Published 09 Jul, 2005 12:00am

Modern terminals to be set up on borders

The government has decided to set up modern border terminals (MBT) at Chaman, Wagah, Taftan and Torkhum to encourage trade with Afghanistan, India and Iran. Official sources told Business Recorder on Friday that the government has given assignment
Published 09 Jul, 2005 12:00am

Gold becalmed in Asia after London blasts, eyes data

Gold was trapped in tight ranges in Asia on Friday after bomb attacks in London ignited safe-haven buying and pushed the metal to nearly $429 an ounce. Spot gold was quoted $424.00/424.50 an ounce, little changed from 423.75/424.50 an ounce in New York.
Published 09 Jul, 2005 12:00am

Modern terminals to be set up on borders

The government has decided to set up modern border terminals (MBT) at Chaman, Wagah, Taftan and Torkhum to encourage trade with Afghanistan, India and Iran. Official sources told Business Recorder on Friday that the government has given assignment
Published 09 Jul, 2005 12:00am

Traders deal Ukraine grain crop for exports

Ukrainian and foreign traders have started signing contracts to export the 2005 grain crop, analysts said on Friday. ProAgro agriculture consultancy said in a statement the first deals to export 12,000 tonnes of feed wheat and 5,200 tonnes of feed barley
Published 09 Jul, 2005 12:00am

Modern terminals to be set up on borders

The government has decided to set up modern border terminals (MBT) at Chaman, Wagah, Taftan and Torkhum to encourage trade with Afghanistan, India and Iran. Official sources told Business Recorder on Friday that the government has given assignment
Published 09 Jul, 2005 12:00am

Oil rises near $61, London bomb impact seen limited

Oil held near $61 on Friday, recovering from steep losses as the London attacks were expected to have limited impact on the global economy and oil demand, but a robust build in US distillate stocks weighed on the market. US crude for August delivery gaine
Published 09 Jul, 2005 12:00am

25,000 displaced as flood hits 25 villages

Current flood in River Chenab, Jammu Tavi and seasonal waterway Dek in Sialkot district has affected at least 25 villages and displaced more than 25,000 people, officials said here, on Friday. However, no loss of life and injured persons has so far been r
Published 09 Jul, 2005 12:00am

London blasts dampen copper trade in Asia

Copper futures were steady on Friday as Asian investors stayed on the sidelines a day after a series of bomb blasts in London triggered wide swings in the price of the industrial metal. Copper for delivery in three months on the London Metal Exchange was
Published 09 Jul, 2005 12:00am

25,000 displaced as flood hits 25 villages

Current flood in River Chenab, Jammu Tavi and seasonal waterway Dek in Sialkot district has affected at least 25 villages and displaced more than 25,000 people, officials said here, on Friday. However, no loss of life and injured persons has so far been r
Published 09 Jul, 2005 12:00am

Indian gold and soya shrug off bomb impact

Indian gold and soya futures shrugged off on Friday the effect of the deadly bomb attacks in London and returned to range-bound trade while sugar stayed firm on low stocks. August gold at the Multi Commodity Exchange rose 4 rupees to 6,088 per 10 grams, w
Published 09 Jul, 2005 12:00am

90 countries for tougher atomic security rules

Nearly 90 countries including the world's largest nuclear powers agreed on Friday to close loopholes in an international pact on the protection of atomic materials against terrorists and saboteurs. The United Nations nuclear watchdog said 89 countries at
Published 09 Jul, 2005 12:00am

New York sugar futures end mixed

Raw sugar futures finished mixed on Thursday in activity featuring small speculators as bomb explosions in London dampened the mood after the sugar market there was forced to shut down, traders said. The New York Board of Trade's active October sugar cont
Published 09 Jul, 2005 12:00am

90 countries for tougher atomic security rules

Nearly 90 countries including the world's largest nuclear powers agreed on Friday to close loopholes in an international pact on the protection of atomic materials against terrorists and saboteurs. The United Nations nuclear watchdog said 89 countries at
Published 09 Jul, 2005 12:00am

Soya ends weak amid potential rains in Midwest

Soyabean futures at the Chicago Board of Trade closed lower on Thursday with the market pressed by potential rainfall next week in the dry eastern US Midwest, traders said. CBOT soya closed unchanged to 4-1/4 cents per bushel lower. July was down 4-1/4 at
Published 09 Jul, 2005 12:00am

Eight killed in Indian occupied Kashmir gun battle

Four alleged mujahideen and four Indian occupation forces personnel were killed in a fierce gun battle on Friday in restive Indian occupied Kashmir (IOK). The gunfight occurred at Bimbher Gali in Rajouri district 180 kilometres (110 miles) north-west of t
Published 09 Jul, 2005 12:00am

CBOT rice ends lower

Chicago Board of Trade rough rice futures closed lower on Thursday, pressured by speculative and commercial selling, along with declines in outside markets, traders said. "We spent the whole day in negative territory," a floor source said. July rice close
Published 09 Jul, 2005 12:00am

BoK 41 million shares IPO in September

The Bank of Khyber (BoK) initial public offer (IPO) of 41 million shares would be floated through Karachi Stock Exchange (KSE) in September this year. The bank is expected to raise Rs 600 million from the IPO.
Published 09 Jul, 2005 12:00am

Tokyo rubber slips from nine-year high

Tokyo rubber futures slipped back on Friday as operators took profits after prices surged to a nine-year high this week, while a cautious mood spilled over from other commodity markets hurt on Thursday's attacks in London. But underlying sentiment towards
Published 09 Jul, 2005 12:00am

Water and sanitation policies being formulated: minister

National drinking water and national sanitation policies are being formulated by the ministry of environment in consultation with all stakeholders. Federal Minister for Environment, Major Tahir Iqbal (Retd) stated this while chairing a meeting held here o
Published 09 Jul, 2005 12:00am

Malaysian palm oil futures up

Malaysian crude palm oil futures rose in thin volume on Friday on expectations that lower production for June would lead to a drop in stocks. At lunch, the benchmark third-month crude palm oil contract on Bursa Malaysia, September, was up 7 ringgit at 1,4
Published 09 Jul, 2005 12:00am

Law against land-grabbing takes effect

Prime Minister Shaukat Aziz has said that land-grabbing "is a curse on our society" and it must be eliminated. In this regard, President Pervez Musharraf has signed the bill against land-grabbing and now it has become a law to be implemented with the help
Published 09 Jul, 2005 12:00am

Sri Lankan rupee slips

The Sri Lanka rupee closed lower on Friday as importers bought dollars to cover trade bills, traders said. The rupee ended at 100.14 per dollar compared to Thursday's close at 100.08.
Published 09 Jul, 2005 12:00am

Law against land-grabbing takes effect

Prime Minister Shaukat Aziz has said that land-grabbing "is a curse on our society" and it must be eliminated. In this regard, President Pervez Musharraf has signed the bill against land-grabbing and now it has become a law to be implemented with the help
Published 09 Jul, 2005 12:00am

Currency	Rate
USD PKR Interbank Selling / Nov 25	277.83
USD PKR Interbank Buying / Nov 25	277.73
USD to Japanese Yen / Nov 25	154.29
USD to Swiss Franc / Nov 25	0.89
Pound Sterling to USD / Nov 25	1.26
Euro to USD / Nov 25	1.05

Stock	Volume
S&P 500 / Nov 22	5,969.34
Nasdaq / Nov 22	18,003.65
FTSE 100 / Nov 22	8,262.08
Dow Jones / Nov 22	44,296.51
Germany DAX 30 / Nov 22	19,322.59
France CAC40 / Nov 22	7,255.01
India Sensex / Nov 25	80,331.40
Tokyo Nikkei / Nov 25	38,933.62

Item	Value
Karachi Cotton PKR/37.32 KG / Nov 22	17,785
Gold 10 Grams PKR / Nov 22	240,483
Petrol/Litre / Nov 25	248.38
Crude Oil USD/Barrel / Nov 25	70.68
Gold Spot USD/Ounce / Nov 25	2,664.27
Diesel/Litre / Nov 25	255.14

Stock	Price
786 Invest Ltd / Nov 25 786 Investments Limited(786)	6.82 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 25 Al-Abbas Sugar Mills Limited(AABS)	593.76 ▼ 0.00 (0.00%)
Agro Allianz / Nov 25 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 25 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 25 Ali Asghar Textile Mills Limited(AATM)	70.89 ▼ 0.00 (0.00%)
Allied Bank / Nov 25 Allied Bank Limited(ABL)	120.21 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 25 Abbott Laboratories (Pakistan) Limited(ABOT)	1,023.10 ▼ 0.00 (0.00%)
Abson Ind. / Nov 25 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 25 Alfalah Consumer Index ETF.(ACIETF)	12.55 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 25 786 Investments Limited(786)	6.82 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 25 Al-Abbas Sugar Mills Limited(AABS)	593.76 ▲ 0.00 (0.00%)
Agro Allianz / Nov 25 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 25 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 25 Ali Asghar Textile Mills Limited(AATM)	70.89 ▲ 0.00 (0.00%)
Allied Bank / Nov 25 Allied Bank Limited(ABL)	120.21 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 25 Abbott Laboratories (Pakistan) Limited(ABOT)	1,023.10 ▲ 0.00 (0.00%)
Abson Ind. / Nov 25 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 25 Alfalah Consumer Index ETF.(ACIETF)	12.55 ▲ 0.00 (0.00%)

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

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