News Archives for Print - 2005-08-09

Open market rates of foreign currencies

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

Published 09 Aug, 2005 12:00am

Rumours rein in share prices

Negative rumours, injected by vested interests, shoved all gains made during the early session on Monday, resulting in massive erosion in the trend-setter of the market and other heavyweights on Karachi Stock Exchange. The market caved in on the back of n

Published 09 Aug, 2005 12:00am

London Interbank Offered Rates

London Interbank Offered Rates (LIBOR) on Monday (August 08, 2005).

Published 09 Aug, 2005 12:00am

PIA told to carry out 2 aircraft comparative study

Setting aside the proposal to procure ATR 42-500, the government has directed Pakistan International Airlines Corporation (PIAC) to purchase aircraft after studying their economic and technical viability with the guidance of Finance Ministry, sources told

Published 09 Aug, 2005 12:00am

Spot dollar rates

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

Published 09 Aug, 2005 12:00am

PIA told to carry out 2 aircraft comparative study

Setting aside the proposal to procure ATR 42-500, the government has directed Pakistan International Airlines Corporation (PIAC) to purchase aircraft after studying their economic and technical viability with the guidance of Finance Ministry, sources told

Published 09 Aug, 2005 12:00am

Money Market Report

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

Published 09 Aug, 2005 12:00am

PIA told to carry out 2 aircraft comparative study

Setting aside the proposal to procure ATR 42-500, the government has directed Pakistan International Airlines Corporation (PIAC) to purchase aircraft after studying their economic and technical viability with the guidance of Finance Ministry, sources told

Published 09 Aug, 2005 12:00am

Banks' rates for currency notes (buying and selling)

The selling/buying rates for currency notes of major currencies issued by National Bank (NBP) here on Monday (August 08, 2005).

Published 09 Aug, 2005 12:00am

Tasnim Noorani retires

Federal commerce secretary Tasnim Noorani, a grade 22 senior bureaucrat, retired on Monday (August 8) after putting in more than 35 years of service in various capacities. Before his posting as commerce secretary, Noorani, remained interior secretary for

Published 09 Aug, 2005 12:00am

Bill buying rates per unit of currency

Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Monday (August 08, 2005).

Published 09 Aug, 2005 12:00am

Tasnim Noorani retires

Federal commerce secretary Tasnim Noorani, a grade 22 senior bureaucrat, retired on Monday (August 8) after putting in more than 35 years of service in various capacities. Before his posting as commerce secretary, Noorani, remained interior secretary for

Published 09 Aug, 2005 12:00am

Interest rates on new foreign currency deposits

Interest rates on new foreign currency deposits issued by the Treasury Management Division of National Bank of Pakistan on Monday (August 08, 2005).

Published 09 Aug, 2005 12:00am

Decision on import of iron scrap, billets averts crisis

The timely decision on import of iron scrap and billets has averted a major crisis as Karachi Steel Mills (PSM) was not meeting the industry''s demand. According to steel industry sources, Pakistan Steel Mills is not supplying billets to the local steel i

Published 09 Aug, 2005 12:00am

Interest rates on old and incremental FCY deposits

Interest rates on old and incremental FCY deposits on Monday (August 08, 2005).

Published 09 Aug, 2005 12:00am

Decision on import of iron scrap, billets averts crisis

The timely decision on import of iron scrap and billets has averted a major crisis as Karachi Steel Mills (PSM) was not meeting the industry's demand. According to steel industry sources, Pakistan Steel Mills is not supplying billets to the local steel in

Published 09 Aug, 2005 12:00am

LIBOR calculating interest on US dollar

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

Published 09 Aug, 2005 12:00am

Decision on import of iron scrap, billets averts crisis

The timely decision on import of iron scrap and billets has averted a major crisis as Karachi Steel Mills (PSM) was not meeting the industry's demand. According to steel industry sources, Pakistan Steel Mills is not supplying billets to the local steel in

Published 09 Aug, 2005 12:00am

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Monday (August 08, 2005).

Published 09 Aug, 2005 12:00am

Army helicopters to rescue trapped climber

Army helicopters will try to airlift a trapped climber Humar from 'killer' peak of the 8,125-metre Nanga Parbat peak - in the Himalayan range on Tuesday morning. Military authorities on Monday decided to expedite the rescue operation to save trapped climb

Published 09 Aug, 2005 12:00am

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Monday (August 08, 2005).

Published 09 Aug, 2005 12:00am

Two policemen shot dead in Larkana

Unidentified armed men gunned down two police constables, while they were guarding gas pipeline in out-skirts of Larkana near Pir Jo Goth on Larkana-Kamber road in wee hours on Monday. The incident occurred in the jurisdiction of Taluka Police Station Lar

Published 09 Aug, 2005 12:00am

Exchange rates: buying and selling

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

Published 09 Aug, 2005 12:00am

NWFP governor calls on President

NWFP Governor Khalil ur Rehman called on President General Pervez Musharraf on Monday. During the calls, Governor Khalil ur Rehman briefed the President about progress of on-going development projects in the province, particularly in federally administere

Published 09 Aug, 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 Aug, 2005 12:00am

Pakistan buys 50,000 tonnes Russian wheat

Pakistan has bought 50,000 tonnes of Russian wheat, the third cargo since the government approved duty-free imports of the grain last month, traders said on Monday. The deal was sealed at around 140 dollars a ton, including cost and freight, for September

Published 09 Aug, 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 Aug, 2005 12:00am

Shaukat arrives in Japan

Prime Minister Shaukat Aziz arrived here on Monday for talks with Japanese business and political leaders expected to focus on economic co-operation. The Prime Minister timed his visit to attend the World Exposition, a six-month showcase of technology and

Published 09 Aug, 2005 12:00am

Karachi interbank rates

Karachi interbank rates on Monday (August 08, 2005).

Published 09 Aug, 2005 12:00am

Shaukat arrives in Japan

Prime Minister Shaukat Aziz arrived here on Monday for talks with Japanese business and political leaders expected to focus on economic co-operation. The Prime Minister timed his visit to attend the World Exposition, a six-month showcase of technology and

Published 09 Aug, 2005 12:00am

Aaj TV - Tuesday's schedule

All timings are in PST (Pakistan Standard Time).

Published 09 Aug, 2005 12:00am

Shaukat arrives in Japan

Prime Minister Shaukat Aziz arrived here on Monday for talks with Japanese business and political leaders expected to focus on economic co-operation. The Prime Minister timed his visit to attend the World Exposition, a six-month showcase of technology and

Published 09 Aug, 2005 12:00am

New Zealand shares drop on profit-taking

New Zealand share prices fell slightly on Monday following profit-taking, dealers said. The benchmark NZSX-50 gross index closed down 5.27 points, or 0.16 percent, at 3,343.40 on turnover of 27.6 million shares worth 97.8 million dollars (67.39 million US

Published 09 Aug, 2005 12:00am

Wholesale cut in duty drawback rates: 96 SROs rescinded

Rescinding all 96 individual duty drawback SROs, the Central Board of Revenue (CBR) has reduced duty drawback rates for textile, leather, surgical, engineering and all other leading export sectors from August 6, 2005.

Published 09 Aug, 2005 12:00am

SoftWise Technology: Viper - the best branded machine money can buy

VIPER PACER PC'S: Specializing in manufacturing custom configurations for high-end desktop computers built to order, so you can have any combination you like. SoftWise Technology builds computers that ensure up-to-date pri

Published 09 Aug, 2005 12:00am

Wholesale cut in duty drawback rates: 96 SROs rescinded

Rescinding all 96 individual duty drawback SROs, the Central Board of Revenue (CBR) has reduced duty drawback rates for textile, leather, surgical, engineering and all other leading export sectors from August 6, 2005.

Published 09 Aug, 2005 12:00am

Callmate long distance voice communication services' comparison with your present fixed line portfolio

Ever since 1876, when a Scots-Canadian named Alexander Graham Bell patented a new device that used electricity and a magnet to transmit speech, the benefits of voice communications are being enjoyed by millions of people around the world with amazing high

Published 09 Aug, 2005 12:00am

Wholesale cut in duty drawback rates: 96 SROs rescinded

Rescinding all 96 individual duty drawback SROs, the Central Board of Revenue (CBR) has reduced duty drawback rates for textile, leather, surgical, engineering and all other leading export sectors from August 6, 2005.

Published 09 Aug, 2005 12:00am

Callmate TELIPS Telecom Limited

Callmate TELIPS Telecom Ltd is a public limited company listed at the Karachi Stock Exchange and is the pioneer in the Payphones and Prepaid Calling Card industries in Pakistan. CT Telecom was formed subsequent to the merger between CallTel (Private) Limi

Published 09 Aug, 2005 12:00am

Wholesale cut in duty drawback rates: 96 SROs rescinded

Rescinding all 96 individual duty drawback SROs, the Central Board of Revenue (CBR) has reduced duty drawback rates for textile, leather, surgical, engineering and all other leading export sectors from August 6, 2005.

Published 09 Aug, 2005 12:00am

Ecommerce Gateway Pte Limited, Singapore

ECOMMERCE Gateway Pte. Ltd is a Singapore based Event Management Company with strategic partners and major operations in Pakistan. Since its inception in 2001, Ecommerce Gateway has, through a two-throng strategy, extended its reach to cover all major cit

Published 09 Aug, 2005 12:00am

Budget anomalies removed, duty rates revised

While rectifying the 2005-06 budget anomalies, the Central Board of Revenue (CBR) has reduced customs duty on import of several items used by local manufacturers/ assemblers, imposed 10 percent regulatory duty (RD) on import of spinning rings and blankets

Published 09 Aug, 2005 12:00am

Message from President, Ecommerce Gateway Pte Limited, Singapore

Firstly, I thank God Almighty for giving us the strength to contribute our penny worth for this beloved country through organisation of international events such as ITCN Asia, now, for the 5th consecutive year.

Published 09 Aug, 2005 12:00am

Budget anomalies removed, duty rates revised

While rectifying the 2005-06 budget anomalies, the Central Board of Revenue (CBR) has reduced customs duty on import of several items used by local manufacturers/ assemblers, imposed 10 percent regulatory duty (RD) on import of spinning rings and blankets

Published 09 Aug, 2005 12:00am

Message from Minister for Privatisation and Investment Commission

ITCN Asia International Exhibition and Conference are being organised for the consecutive fifth year. ITCN Asia Exhibition has been very successfully promoting the image of Pakistan and in particular Karachi as the emerging IT Hub in the region and has be

Published 09 Aug, 2005 12:00am

Budget anomalies removed, duty rates revised

While rectifying the 2005-06 budget anomalies, the Central Board of Revenue (CBR) has reduced customs duty on import of several items used by local manufacturers/ assemblers, imposed 10 percent regulatory duty (RD) on import of spinning rings and blankets

Published 09 Aug, 2005 12:00am

Message from Federal Minister Incharge for Science and Technology

I am pleased to witness that ITCN Asia is now in it's 5th year since its inception in 2001 when I was the Federal Minister for Science & Technology. I congratulate the Federal Minister for IT & Telecom, Federal Minister for Privatisation & Investment and

Published 09 Aug, 2005 12:00am

Budget anomalies removed, duty rates revised

While rectifying the 2005-06 budget anomalies, the Central Board of Revenue (CBR) has reduced customs duty on import of several items used by local manufacturers/ assemblers, imposed 10 percent regulatory duty (RD) on import of spinning rings and blankets

Published 09 Aug, 2005 12:00am

Message from Chairman Senate

I am delighted to witness yet another successful ITCN Asia. I congratulate the Federal Minister for IT & Telecom, Sardar Awais Ahmad Khan Leghari and Dr Khursheed & his team for continuously improving the show since its launch and for holding it for the f

Published 09 Aug, 2005 12:00am

Budget anomalies removed, duty rates revised

While rectifying the 2005-06 budget anomalies, the Central Board of Revenue (CBR) has reduced customs duty on import of several items used by local manufacturers/ assemblers, imposed 10 percent regulatory duty (RD) on import of spinning rings and blankets

Published 09 Aug, 2005 12:00am

Message from Federal Minister for IT and Telecommunications

ITCN Asia is growing from strength to strength, and this is a clear reflection of the dramatic growth that has been witnessed in the IT and telecom sector in Pakistan over the past few years.

Published 09 Aug, 2005 12:00am

Pakistan and India agree to upgrade military hotlines

Pakistan and India have agreed to upgrade the hotline connections between Directors-General, Military Operations by the end of next month, via the submarine cable that is more stable and strong media. The two delegations representing Foreign Office senior

Published 09 Aug, 2005 12:00am

Message from Governor of Sindh

I am extremely glad to note that after a petite break due to some unstable law and order situation, the city has recuperated the same momentum that it used to have. Successful events like ITCN Asia help the government restore the investors' confidence in

Published 09 Aug, 2005 12:00am

Pakistan and India agree to upgrade military hotlines

Pakistan and India have agreed to upgrade the hotline connections between Directors-General, Military Operations by the end of next month, via the submarine cable that is more stable and strong media. The two delegations representing Foreign Office senior

Published 09 Aug, 2005 12:00am

Slovak aluminium firm first half profit up

Slovakia's main aluminium producer Slovalco posted a 1.6 percent rise in January-June pre-tax profit as higher prices and lower costs offset falling output and sales, the company said on Monday.

Published 09 Aug, 2005 12:00am

SGS engaged to check under-invoicing

The Customs Valuation Directorate General has engaged services of M/s SGS of Geneva for verification of values of imports made to Pakistan to check under-valuation of imports. The directorate has informed all Customs collectorates that a letter of accredi

Published 09 Aug, 2005 12:00am

Slovak aluminium firm first half profit up

Slovakia's main aluminium producer Slovalco posted a 1.6 percent rise in January-June pre-tax profit as higher prices and lower costs offset falling output and sales, the company said on Monday.

Published 09 Aug, 2005 12:00am

SGS engaged to check under-invoicing

The Customs Valuation Directorate General has engaged services of M/s SGS of Geneva for verification of values of imports made to Pakistan to check under-valuation of imports. The directorate has informed all Customs collectorates that a letter of accredi

Published 09 Aug, 2005 12:00am

Malaysia's July palm oil output up

Output of palm oil in Malaysia, the world's top producer, could be 5.2 percent higher in July than June due to a fresh rise in yields, a Reuters survey showed on Monday.

Published 09 Aug, 2005 12:00am

SGS engaged to check under-invoicing

The Customs Valuation Directorate General has engaged services of M/s SGS of Geneva for verification of values of imports made to Pakistan to check under-valuation of imports. The directorate has informed all Customs collectorates that a letter of accredi

Published 09 Aug, 2005 12:00am

Shanghai copper falls

Most Shanghai copper futures contracts weakened on Monday as a build-up in local supply weighed on spot and futures prices. Data released after the Shanghai market closed on Friday showed a build of 4,999 tonnes of copper in warehouses monitored by the Sh

Published 09 Aug, 2005 12:00am

Chalco to raise capital in Guangxi alumina joint venture

Aluminium Corp of China Ltd (Chalco), the world's second largest alumina producer, said on Monday it will contribute 701 million yuan ($86.5 million) to the capital of a Guangxi joint venture. The joint venture partners had agreed to further increase tota

Published 09 Aug, 2005 12:00am

CIF Gulf corn, soya steady; slow movement supports

US CIF Gulf corn and soyabean basis values were mostly steady on Monday, supported by slow farmer selling and some export interest, traders said. Barge freight was steady on the Illinois, lower Ohio and lower Mississippi rivers amid the slow grain movemen

Published 09 Aug, 2005 12:00am

Drought hits maize crops in Spain, south-west France

Maize crops in Spain and south-west France will fall well short of last year's without relief in the next few weeks from severe drought, farmers' groups said on Monday. Spain's worst drought on record has already wrecked wheat and barley harvests. Its mai

Published 09 Aug, 2005 12:00am

Sugar on uncharted course, link to funds, energy

Sugar prices, the highest for nearly five years, are entering uncharted territory as investment funds show a record interest in the commodity which traders see as increasingly tied to energy markets. After raw sugar futures set a fresh 4-1/2 year high of

Published 09 Aug, 2005 12:00am

CBOT soyabean up sharply

Chicago Board of Trade (CBOT) soybean futures rose in Asia on Monday on short-covering after last week's sharp decline in Chicago. In e-CBOT trade, the nearby August soybean contract was up 13 1/2 cents a bushel at $6.72 at 0130 GMT.

Published 09 Aug, 2005 12:00am

Romania harvests seven million tonnes wheat

Romania has harvested around seven million tonnes of wheat from 95 percent of its sown area and expects overall output near last year's 7.6 million tonnes, an Agriculture Ministry official said on Monday.

Published 09 Aug, 2005 12:00am

US Midwest corn steady, soya mixed with slow sales

Spot soyabean basis bids were firm along the rivers and mixed at interior locations in the US Midwest on Monday while corn bids were mostly steady amid lacklustre farmer sales, grain dealers said.

Published 09 Aug, 2005 12:00am

Heavy rains threaten Hungary's sugar crop

Heavy rains and low temperatures over the past week may threaten Hungary's chances of recording one of its best sugar crops in decades, producers said. "The rain has been good, the crop needed the water, but there's been so much we're struggling with drai

Published 09 Aug, 2005 12:00am

Shipping firm STX Pan Ocean profit rises 27 percent

STX Pan Ocean, a South Korean shipping firm listed in Singapore, posted a 27 percent rise in quarterly profits thanks to strong demand for dry bulk shipments and predicted that freight rates will recover in the second half of 2005.

Published 09 Aug, 2005 12:00am

Shipping firm STX Pan Ocean profit rises 27 percent

STX Pan Ocean, a South Korean shipping firm listed in Singapore, posted a 27 percent rise in quarterly profits thanks to strong demand for dry bulk shipments and predicted that freight rates will recover in the second half of 2005.

Published 09 Aug, 2005 12:00am

German zinc firm stops output

Insolvent German zinc and lead smelter Sudamin Metallhuette Duisburg has stopped all production, the company said on Monday. The company, an independent part of private metals group Sudamin, produced about 95,000 tonnes of zinc and 40,000 tonnes of lead a

Published 09 Aug, 2005 12:00am

Singapore bunker fuel prices rise

Singapore bunker prices rose on Monday, tracking the surge in fuel oil cargo values. Prices for 380-centistoke (cst) bunker fuel were pegged at $269-$271 a tonne, compared with $263-$265 a tonne last Friday. The differential to cargo values were steady at

Published 09 Aug, 2005 12:00am

Activity at Karachi and Qasim ports

The Karachi Port handled 180,348 tonnes of cargo including 152,963 tonnes import and 27,385 tonnes export cargo including 2,387 containers during last 48 hours ending at 0700 hours on Monday. The cargo comprised of 89,580 tonnes dry cargo including 46,724

Published 09 Aug, 2005 12:00am

Most commodity prices tend lower

Falling trend was witnessed on the grain market on Monday as most of the commodities tended lower on steady arrivals from upcountry centres, dealers said. On the cereals side, wheat Mexipak old and new both gave up overnight weakness, gaining Rs 10 at Rs

Published 09 Aug, 2005 12:00am

Oil cake market rates

The futures moved both ways on the forward cottonseed oilcake market on Monday as some buyers kept on the sidelines due to less buying interest, dealers said. The December vaida commenced with 70 paisa gain at Rs 422.70. In the process of trading, it gain

Published 09 Aug, 2005 12:00am

Cotton spot rate Rs 25 down despite good activity

Some mills were active buyers on the cotton market on Monday to meet the daily needs and other leading mills were busy in the Trading Corporation of Pakistan's auction, dealers said. The Karachi Cotton Association (KCA) official spot rate shed Rs 25at Rs

Published 09 Aug, 2005 12:00am

Iran seeks to buy raw sugar

The Government Trading Corporation of Iran (GTC) is tendering to buy up to 120,000 tonnes of bulk raw cane sugar, a GTC official told Reuters on Monday. The sugar would be in up to three 40,000 tonne consignments. Accepted origins would be Brazil, Austral

Published 09 Aug, 2005 12:00am

Copper softens in Asian market

Copper prices traded a shade lower on Monday after a rise in Shanghai warehouse stocks prompted Chinese investors to delay purchases until the price of the industrial metal which hit a record high on Friday falls further.

Published 09 Aug, 2005 12:00am

Tokyo gold climbs as yen falls on political woes

Tokyo gold futures rose to a fresh 13-year high on Monday as the yen weakened after Japan's parliament voted down postal reform bills and ruling coalition officials said Prime Minister Janitor Koizumi would call a snap election.

Published 09 Aug, 2005 12:00am

Gold eases on firm dollar, South Africa strike eyed

Spot gold slipped in Asia on Monday, pressured by the dollar's rise against the euro after upbeat US jobs data, but losses were modest as South African gold miners launched their first industry-wide strike in 18 years.

Published 09 Aug, 2005 12:00am

Oil scales new peak as US refineries, Midwest weigh

Oil prices rallied to another record-high near $63 on Monday as a string of refinery outages threatened to tighten summer fuel supplies and new rulers in the Middle East raised fresh geopolitical risks. US light sweet crude was trading up 24 cents to $62.

Published 09 Aug, 2005 12:00am

Ukraine ups wheat exports in July 2005

Ukraine, which plans to export 6.0 to 6.5 million tonnes of wheat in the 2005/06 July-June season, increased wheat exports to 285,400 tonnes in July from 263,300 in June, analysts said on Monday.

Published 09 Aug, 2005 12:00am

Malaysian tin down, seen above $7,000

Malaysian tin fell for a third straight day on Monday, down almost one percent as the market remained under pressure from further cuts in the London price of the metal.

Published 09 Aug, 2005 12:00am

Thai sugar premiums steady

Thai sugar premiums are expected to hold steady over the next few day, but business for 2006 delivery remains thin, traders said on Monday. Thai exporters offered to sell Thai 100 ICUMSA white sugar, considered consumer grade, for January-March 2006 shipm

Published 09 Aug, 2005 12:00am

Indian sugar futures fall on higher supply

Indian sugar futures fell on Monday after the government offered more stocks for sale in August, while wheat eased on adequate supply and sluggish demand. Gold prices fell and soyaoil was marginally up tracking global markets.

Published 09 Aug, 2005 12:00am

East Asian grain: Japan, Taiwan seen buying corn, soyabean

Importers in Japan will be busy this week seeking corn and soyabean cargoes ahead of the summer holiday period, while traders in Taiwan will be buying after running down high domestic stocks, traders said on Monday.

Published 09 Aug, 2005 12:00am

Thai rice future investors shift to small contract

Thai rice futures were mixed on Monday as investors shifted to the smaller rice contracts on their first day of trade, brokers said. Overall volume rose as 40 of the bigger contracts for 15 tonnes of 5 percent white rice were traded, up from 12 on Friday.

Published 09 Aug, 2005 12:00am

EU authorises GMO maize type by legal rubberstamp

The European Union authorised imports of a genetically modified (GMO) maize on Monday, the third GMO product to win approval since the EU ended its unofficial biotech ban last year, officials said.

Published 09 Aug, 2005 12:00am

Malaysian palm oil ends off lows

Malaysian crude palm oil futures ended off their lows on Monday as buyers returned to the market after noting a rebound in prices of rival US soyaoil. A Reuters survey showing that stocks of palm oil at end-July may not have been as high as initially thou

Published 09 Aug, 2005 12:00am

Bharti strikes $230 million outsourcing deal

Bharti Tele-Ventures Ltd, India's top mobile services firm, said on Monday it aimed to improve customer service by outsourcing its call centre work to four firms in a $230 million, multi-year contract. Bharti said its contract with back-office firms Hindu

Published 09 Aug, 2005 12:00am

Apple iTunes Japan sells 1 million songs in four days

Apple Computer Inc said on Monday its new iTunes online music store in Japan sold over 1 million songs in its first four days, a strong start for the download service in the world's second-largest music market.

Published 09 Aug, 2005 12:00am

Morocco selects Boeing in long-haul jets tender

Moroccan flagship carrier Royal Air Maroc (RAM) said on Monday it would soon start talks with US Boeing for the purchase of up to five long-haul Dreamliner aircraft, in a deal estimated at $790 million. "RAM's board decided to start talks with Boeing soon

Published 09 Aug, 2005 12:00am

Reliance finds coal gas in India

Reliance Industries Ltd has found 3.76 trillion cubic feet of in-place gas in two coal bed methane (CBM) blocks in central India, India's exploration regulator said, of which experts say maybe half can be recovered.

Published 09 Aug, 2005 12:00am

China helping Kenya to curb counterfeit imports

Chinese authorities are helping Kenya to curb imports of counterfeit goods from China, Kenyan Trade Minister Mukhisa Kituyi said on Monday. Kituyi said imports of counterfeit goods were threatening Kenya's own fragile industry and costing the government l

Published 09 Aug, 2005 12:00am

Nasdaq to pull out of Intermarket system

The Nasdaq Stock Market Inc wants to withdraw from a system that links major US stock markets, the Wall Street Journal reported on Monday. The newspaper said the plan has already been approved by the Nasdaq board. After a formal announcement, it will be s

Published 09 Aug, 2005 12:00am

S&P, output data serve Italy economy a double blow

Silvio Berlusconi's hope of improving Italy's economic standing before next year's election was dealt a double blow on Monday when data revealed a worse than feared manufacturing slump and ratings agency S&P cut Italy's outlook.

Published 09 Aug, 2005 12:00am

Delphi posts second quarter loss

Delphi Corp on Monday posted a second-quarter loss on production cuts by major customer General Motors Corp and said it may have to file for bankruptcy if it cannot reduce high wage and benefit costs. The largest US auto parts supplier, whose shares fell

Published 09 Aug, 2005 12:00am

Delphi posts second quarter loss

Delphi Corp on Monday posted a second-quarter loss on production cuts by major customer General Motors Corp and said it may have to file for bankruptcy if it cannot reduce high wage and benefit costs. The largest US auto parts supplier, whose shares fell

Published 09 Aug, 2005 12:00am

Nokia shares gain on report of Cisco interest

Nokia shares rose over 3 percent on Monday after a newspaper report that Cisco Systems Inc is mulling a bid for the top mobile phone maker to get hold of its wireless infrastructure technology. At 1022 GMT, Nokia's shares were up 2 percent at 13.19 euros,

Published 09 Aug, 2005 12:00am

Currency	Rate
USD PKR Interbank Selling / Dec 27	278.47
USD PKR Interbank Buying / Dec 27	278.22
USD to Japanese Yen / Dec 27	157.88
USD to Swiss Franc / Dec 27	0.90
Pound Sterling to USD / Dec 27	1.25
Euro to USD / Dec 27	1.04

Stock	Volume
S&P 500 / Dec 26	6,037.59
Nasdaq / Dec 26	20,020.36
Dow Jones / Dec 26	43,325.80
India Sensex / Dec 27	78,791.05
Tokyo Nikkei / Dec 27	40,281.16
Hang Seng / Dec 27	20,096.01
FTSE 100 / Dec 27	8,137.45
Germany DAX 30 / Dec 27	19,830.60

Item	Value
Gold 10 Grams PKR / Dec 26	234,911.70
Crude Oil USD/Barrel / Dec 27	69.54
Karachi Cotton PKR/37.32 KG / Dec 27	17,785
Gold Spot USD/Ounce / Dec 27	2,634.16
Cotton US¢/pound / Dec 27	68.72
Petrol/Litre / Dec 28	252.10

Stock	Price
First Capital Equities / Dec 27 First Capital Equities Limited(FCEL)	6.10 ▲ 1.00 (19.61%)
Chenab Ltd (Pref) / Dec 27 Chenab Limited (Pref)(CLCPS)	4.50 ▲ 0.60 (15.38%)
Sec. Inv. Bank / Dec 27 Security Investment Bank Limited(SIBL)	7.99 ▲ 1.00 (14.31%)
786 Invest Ltd / Dec 27 786 Investments Limited(786)	8.15 ▲ 1.00 (13.99%)
Chenab Ltd / Dec 27 Chenab Limited(CHBL)	9.61 ▲ 1.00 (11.61%)
Next Capital / Dec 27 Next Capital Limited(NEXT)	10.90 ▲ 1.00 (10.10%)
Image Pakistan / Dec 27 Image Pakistan Limited(IMAGE)	20.31 ▲ 1.85 (10.02%)
Baba Farid Sugar / Dec 27 Baba Farid Sugar Mills Limited(BAFS)	53.08 ▲ 4.83 (10.01%)
Biafo Ind. / Dec 27 Biafo Industries Limited(BIFO)	208.88 ▲ 18.99 (10.00%)

Stock	Price
Burj Clean Energy Modaraba / Dec 27 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	8.10 ▼ -1.00 (-10.99%)
Blue-Ex Ltd / Dec 27 Blue-Ex Limited (GEM)(GEMBLUEX)	40.15 ▼ -4.46 (-10.00%)
Al-Khair Gadoon / Dec 27 Al-Khair Gadoon Limited(AKGL)	41.71 ▼ -4.63 (-9.99%)
Leiner Pak Gelat / Dec 27 Leiner Pak Gelatine Limited(LPGL)	131 ▼ -14.19 (-9.77%)
Jauharabad Sug / Dec 27 Jauharabad Sugar Mills Limited(JSML)	21 ▼ -2.10 (-9.09%)
Aruj Industries / Dec 27 Aruj Industries Limited(ARUJ)	8.62 ▼ -0.86 (-9.07%)
First Imrooz Mod. / Dec 27 First Imrooz Modaraba(FIMM)	200.20 ▼ -19.80 (-9.00%)
MithchellsFruit / Dec 27 Mitchells Fruit Farms Limited(MFFL)	243 ▼ -23.05 (-8.66%)
Grays Leasing / Dec 27 Grays Leasing Limited(GRYL)	5.71 ▼ -0.48 (-7.75%)

Stock	Volume
Fauji Foods Ltd / Dec 27 Fauji Foods Limited(FFL)	104,369,036 ▲ 0.78
WorldCall Telecom / Dec 27 Worldcall Telecom Limited(WTL)	72,731,608 ▲ 0.00
TRG Pak Ltd / Dec 27 TRG Pakistan Limited(TRG)	46,907,628 ▲ 1.54
Cnergyico PK / Dec 27 Cnergyico PK Limited(CNERGY)	40,110,243 ▲ 0.30
Hascol Petrol / Dec 27 Hascol Petroleum Limited(HASCOL)	34,416,789 ▲ 0.06
B.O.Punjab / Dec 27 The Bank of Punjab(BOP)	30,318,392 ▲ 0.04
Ghani Chem. Ind. / Dec 27 Ghani Chemical Industries Limited(GCIL)	26,183,062 ▲ 0.50
Sui South Gas / Dec 27 Sui Southern Gas Company Limited(SSGC)	25,823,481 ▲ 3.11
Silk Bank Ltd / Dec 27 Silkbank Limited(SILK)	25,520,925 ▼ -0.08

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