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Print - 2005-08-18
KKI closing rates of currency notes

KKI closing rates of currency notes

Khanani & Kalia International (Pvt) Limited Closing Rates of currency notes on Wednesday (August 17, 2005).

Published 18 Aug, 2005 12:00am
IMF team briefed on stock exchange crisis, reforms

IMF team briefed on stock exchange crisis, reforms

The Securities and Exchange Commission of Pakistan (SECP) has briefed the International Monetary Fund (IMF) about the recent stock exchange crisis, reforms and demutualisation of the stock exchanges.
Published 18 Aug, 2005 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Wednesday (August 17, 2005).

Published 18 Aug, 2005 12:00am
Bears stage comeback on ISE

Bears stage comeback on ISE

Bears returned in the driving seat at the Islamabad Stock Exchange (ISE) where equities failed to show recovery signs amid decrease in index. ISE Network index was down by 36.82 points as the rate-based indicator moved from 11,025.61 to 10,988.79 points.
Published 18 Aug, 2005 12:00am
Bears stage comeback on ISE

Bears stage comeback on ISE

Bears returned in the driving seat at the Islamabad Stock Exchange (ISE) where equities failed to show recovery signs amid decrease in index. ISE Network index was down by 36.82 points as the rate-based indicator moved from 11,025.61 to 10,988.79 points.
Published 18 Aug, 2005 12:00am
BMA-PGBI Closing Bell

BMA-PGBI Closing Bell

Commentary: Yields on the BMA-PGBI decreased by 2 pps and its value increased by 0.02% to close at 98.2099. The fixed income securities market remained stable throughout the day, however the BMA-PGBI increased on account of interest rate return.

Published 18 Aug, 2005 12:00am
LSE equities suffer losses

LSE equities suffer losses

Equities failed to maintain its overnight values and suffered losses on the Lahore Stock Exchange (LSE) amid thin trading volume mainly for lack of interest on the part of institutions as well as investors.
Published 18 Aug, 2005 12:00am
BMA-PGBI Closing Bell

BMA-PGBI Closing Bell

Commentary: Yields on the BMA-PGBI decreased by 2 pps and its value increased by 0.02% to close at 98.2099. The fixed income securities market remained stable throughout the day, however the BMA-PGBI increased on account of interest rate return.

Published 18 Aug, 2005 12:00am
LSE equities suffer losses

LSE equities suffer losses

Equities failed to maintain its overnight values and suffered losses on the Lahore Stock Exchange (LSE) amid thin trading volume mainly for lack of interest on the part of institutions as well as investors.
Published 18 Aug, 2005 12:00am
BMA-PGBI Closing Bell

BMA-PGBI Closing Bell

Commentary: Yields on the BMA-PGBI decreased by 2 pps and its value increased by 0.02% to close at 98.2099. The fixed income securities market remained stable throughout the day, however the BMA-PGBI increased on account of interest rate return.

Published 18 Aug, 2005 12:00am
Prime Minister and Air Chief discuss plans to improve PAF capabilities

Prime Minister and Air Chief discuss plans to improve PAF capabilities

Prime Minister Shaukat Aziz on Wednesday emphasised that peace can only be achieved through strength and therefore, Pakistan needs to maintain a minimum credible defence. Pakistan Air Force has a vital role to play in this connection, he said while talkin
Published 18 Aug, 2005 12:00am
43 killed in Iraq bombings

43 killed in Iraq bombings

Three car bombs exploded in quick succession at a busy bus station in the Iraqi capital and a nearby hospital on Wednesday during the morning rush-hour, killing at least 43 people. While Baghdad suffered its deadliest attack this year, 11 other people wer
Published 18 Aug, 2005 12:00am
43 killed in Iraq bombings

43 killed in Iraq bombings

Three car bombs exploded in quick succession at a busy bus station in the Iraqi capital and a nearby hospital on Wednesday during the morning rush-hour, killing at least 43 people. While Baghdad suffered its deadliest attack this year, 11 other people wer
Published 18 Aug, 2005 12:00am
KSE holiday today

KSE holiday today

The Karachi Stock Exchange has announced that the stock market will remain closed on Thursday on account of local government elections.
Published 18 Aug, 2005 12:00am
KSE volume hits three-year low

KSE volume hits three-year low

The share market was under pressure on Wednesday and the volume hit almost three-year low as investors and big players were hesitant to build fresh positions until the issue of badla financing is resolved.
Published 18 Aug, 2005 12:00am
KSE volume hits three-year low

KSE volume hits three-year low

The share market was under pressure on Wednesday and the volume hit almost three-year low as investors and big players were hesitant to build fresh positions until the issue of badla financing is resolved.
Published 18 Aug, 2005 12:00am
KSE volume hits three-year low

KSE volume hits three-year low

The share market was under pressure on Wednesday and the volume hit almost three-year low as investors and big players were hesitant to build fresh positions until the issue of badla financing is resolved.
Published 18 Aug, 2005 12:00am
CBR ruling about zero sales tax on raw material, parts

CBR ruling about zero sales tax on raw material, parts

The Central Board of Revenue (CBR) will levy sales tax at the rate of zero-percent on import and local purchase of raw materials, components/sub-components and parts, used in the manufacture of capital goods under SRO 527(I)/2005.
Published 18 Aug, 2005 12:00am
CBR ruling about zero sales tax on raw material, parts

CBR ruling about zero sales tax on raw material, parts

The Central Board of Revenue (CBR) will levy sales tax at the rate of zero-percent on import and local purchase of raw materials, components/sub-components and parts, used in the manufacture of capital goods under SRO 527(I)/2005.
Published 18 Aug, 2005 12:00am
CBR ruling about zero sales tax on raw material, parts

CBR ruling about zero sales tax on raw material, parts

The Central Board of Revenue (CBR) will levy sales tax at the rate of zero-percent on import and local purchase of raw materials, components/sub-components and parts, used in the manufacture of capital goods under SRO 527(I)/2005.
Published 18 Aug, 2005 12:00am
CBR ruling about zero sales tax on raw material, parts

CBR ruling about zero sales tax on raw material, parts

The Central Board of Revenue (CBR) will levy sales tax at the rate of zero-percent on import and local purchase of raw materials, components/sub-components and parts, used in the manufacture of capital goods under SRO 527(I)/2005.
Published 18 Aug, 2005 12:00am
Collectors can allow sale of inputs under DTRE

Collectors can allow sale of inputs under DTRE

The Central Board of Revenue (CBR) has empowered the collectors of customs to give permission for local sale of the input goods to the persons operating under Duty and Tax Remission for Export (DTRE) scheme.
Published 18 Aug, 2005 12:00am
Collectors can allow sale of inputs under DTRE

Collectors can allow sale of inputs under DTRE

The Central Board of Revenue (CBR) has empowered the collectors of customs to give permission for local sale of the input goods to the persons operating under Duty and Tax Remission for Export (DTRE) scheme.
Published 18 Aug, 2005 12:00am
Collectors can allow sale of inputs under DTRE

Collectors can allow sale of inputs under DTRE

The Central Board of Revenue (CBR) has empowered the collectors of customs to give permission for local sale of the input goods to the persons operating under Duty and Tax Remission for Export (DTRE) scheme.
Published 18 Aug, 2005 12:00am
Collectors can allow sale of inputs under DTRE

Collectors can allow sale of inputs under DTRE

The Central Board of Revenue (CBR) has empowered the collectors of customs to give permission for local sale of the input goods to the persons operating under Duty and Tax Remission for Export (DTRE) scheme.
Published 18 Aug, 2005 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Wednesday (August 17, 2005).

Published 18 Aug, 2005 12:00am
EDF board approves funding for various schemes

EDF board approves funding for various schemes

The Board of Administrators of Export Development Fund (EDF) has approved funding of Rs 300 million for setting up of Expo Center Lahore and directed Export Promotion Bureau (EPB) to immediately start construction work and make the center operational by t
Published 18 Aug, 2005 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Wednesday (August 17, 2005).
Published 18 Aug, 2005 12:00am
EDF board approves funding for various schemes

EDF board approves funding for various schemes

The Board of Administrators of Export Development Fund (EDF) has approved funding of Rs 300 million for setting up of Expo Center Lahore and directed Export Promotion Bureau (EPB) to immediately start construction work and make the center operational by t
Published 18 Aug, 2005 12:00am
EDF board approves funding for various schemes

EDF board approves funding for various schemes

The Board of Administrators of Export Development Fund (EDF) has approved funding of Rs 300 million for setting up of Expo Center Lahore and directed Export Promotion Bureau (EPB) to immediately start construction work and make the center operational by t
Published 18 Aug, 2005 12:00am
Bill buying rates per unit of currency

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 Wednesday (August 17, 2005).

Published 18 Aug, 2005 12:00am
British military attache in Pakistan relieved

British military attache in Pakistan relieved

Britain's military attache to Pakistan has been removed from his post after losing the confidence of the British High Commission in Islamabad, the ministry of defence said on Wednesday.
Published 18 Aug, 2005 12:00am
Currency notes: exchange rates

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Wednesday (August 17, 2005).

Published 18 Aug, 2005 12:00am
British military attache in Pakistan relieved

British military attache in Pakistan relieved

Britain's military attache to Pakistan has been removed from his post after losing the confidence of the British High Commission in Islamabad, the ministry of defence said on Wednesday.
Published 18 Aug, 2005 12:00am
Conversion for foreign currency deposits

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Wednesday (August 17, 2005).

Published 18 Aug, 2005 12:00am
Terrorists den in North Waziristan busted: ISPR

Terrorists den in North Waziristan busted: ISPR

Law enforcement agencies have successfully busted a terrorists den established in Madrassah Abu Shoaib near Miran Shah in North Waziristan Agency which was being used as planning and organising centre.
Published 18 Aug, 2005 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Wednesday (August 17, 2005).

Published 18 Aug, 2005 12:00am
Barclays bid rates and maximum rates for payment of interest

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 18 Aug, 2005 12:00am
Pakistani detained in US

Pakistani detained in US

US authorities have detained a Pakistani suspected of involvement in a possible plot to attack the Israeli consulate in Los Angeles and other targets, officials said on Wednesday. The authorities are investigating three people detained in recent days, a F
Published 18 Aug, 2005 12:00am
State Bank of Pakistan conversion rates

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 18 Aug, 2005 12:00am
Policy for nonstop gas supply soon: Prime Minister

Policy for nonstop gas supply soon: Prime Minister

The government will soon announce the new gas policy in order to ensure uninterrupted supply of energy to both industrial and domestic consumers, Prime Minister Shaukat Aziz said on Wednesday.
Published 18 Aug, 2005 12:00am
Policy for nonstop gas supply soon: Prime Minister

Policy for nonstop gas supply soon: Prime Minister

The government will soon announce the new gas policy in order to ensure uninterrupted supply of energy to both industrial and domestic consumers, Prime Minister Shaukat Aziz said on Wednesday.
Published 18 Aug, 2005 12:00am
$27 million ADB loan for NWFP and Balochistan

$27 million ADB loan for NWFP and Balochistan

Asian Development Bank (ADB) is likely to release $27 million for restructuring of technical education and vocational training institutions in NWFP and Balochistan. Sources told Business Recorder that the loan agreement was signed in March 2005, wh
Published 18 Aug, 2005 12:00am
Policy for nonstop gas supply soon: Prime Minister

Policy for nonstop gas supply soon: Prime Minister

The government will soon announce the new gas policy in order to ensure uninterrupted supply of energy to both industrial and domestic consumers, Prime Minister Shaukat Aziz said on Wednesday.
Published 18 Aug, 2005 12:00am
Grain exports from Rouen port

Grain exports from Rouen port

Grain exports from the French port of Rouen totalled 83,602 tonnes for August 1-10, comprising 77,180 tonnes of wheat and 6,422 tonnes of barley, port officials said on Tuesday.
Published 18 Aug, 2005 12:00am
First phase local government polls today

First phase local government polls today

About 33 million (32,923,550) male and female voters will exercise their right in 54 districts on Thursday in the first phase of local government elections to elect representatives in 3,074 union councils for the next four years.
Published 18 Aug, 2005 12:00am
Singapore bunker fuel prices down

Singapore bunker fuel prices down

Singapore bunker prices fell on Wednesday tracking lower fuel oil cargo values. Prices for 380-centistoke (cst) bunker fuel were pegged at $275-$277 a tonne, down $3 from the previous trading day, but the tight market ensured that levels stay at a premium
Published 18 Aug, 2005 12:00am
First phase local government polls today

First phase local government polls today

About 33 million (32,923,550) male and female voters will exercise their right in 54 districts on Thursday in the first phase of local government elections to elect representatives in 3,074 union councils for the next four years.
Published 18 Aug, 2005 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 68,089 tonnes of cargo including 47,101 tonnes import and 20,988 tonnes export cargo during last 24 hours ending at 0700 hours on Wednesday. The cargo comprised of 50,269 tonnes dry cargo including 33,436 tonnes general cargo; 4,3
Published 18 Aug, 2005 12:00am
State Bank checks inflation by small hike in treasury bills yield

State Bank checks inflation by small hike in treasury bills yield

In its fortnightly Treasury Bills auction, the State Bank of Pakistan (SBP) on Wednesday accepted bids worth Rs 14.65 billion against offered amount of Rs 52.05 billion. In 3-month paper Rs 9.025 billion was accepted at a cut-off yield of 7.9197 percent a
Published 18 Aug, 2005 12:00am
Ivory Coast cocoa prices stable

Ivory Coast cocoa prices stable

Farmgate prices in Ivory Coast's cocoa areas changed little between August 8-14, according to the Coffee and Cocoa Bourse on Wednesday, with few buyers in the bush during the between-seasons lull when beans are scarce.
Published 18 Aug, 2005 12:00am
State Bank checks inflation by small hike in treasury bills yield

State Bank checks inflation by small hike in treasury bills yield

In its fortnightly Treasury Bills auction, the State Bank of Pakistan (SBP) on Wednesday accepted bids worth Rs 14.65 billion against offered amount of Rs 52.05 billion. In 3-month paper Rs 9.025 billion was accepted at a cut-off yield of 7.9197 percent a
Published 18 Aug, 2005 12:00am
Nearby Shanghai copper futures up

Nearby Shanghai copper futures up

Nearby Shanghai copper futures rose on Wednesday while most others fell, as the prospect of tighter domestic supply led to steeper backwardation. Some copper originally destined for China has been diverted, after several weeks of soft demand kept domestic
Published 18 Aug, 2005 12:00am
State Bank checks inflation by small hike in treasury bills yield

State Bank checks inflation by small hike in treasury bills yield

In its fortnightly Treasury Bills auction, the State Bank of Pakistan (SBP) on Wednesday accepted bids worth Rs 14.65 billion against offered amount of Rs 52.05 billion. In 3-month paper Rs 9.025 billion was accepted at a cut-off yield of 7.9197 percent a
Published 18 Aug, 2005 12:00am
FOB Gulf corn steady, soya firm

FOB Gulf corn steady, soya firm

US FOB Gulf corn basis offers were mostly steady on Tuesday and soyabeans were firm, with slow farmer sellling supporting both markets. Barge freight bids for this week shipment were steady to higher on the Illinois, Ohio and Mississippi rivers as low riv
Published 18 Aug, 2005 12:00am
State Bank checks inflation by small hike in treasury bills yield

State Bank checks inflation by small hike in treasury bills yield

In its fortnightly Treasury Bills auction, the State Bank of Pakistan (SBP) on Wednesday accepted bids worth Rs 14.65 billion against offered amount of Rs 52.05 billion. In 3-month paper Rs 9.025 billion was accepted at a cut-off yield of 7.9197 percent a
Published 18 Aug, 2005 12:00am
Hungary maize crop seen higher

Hungary maize crop seen higher

Hungary's maize crop could exceed forecasts as cool, rainy weather has benefited the crop, business daily Napi Gazdasag said citing grain association officials.
Published 18 Aug, 2005 12:00am
World Bank chief pledges funding for big dams

World Bank chief pledges funding for big dams

World Bank President Paul Wolfowitz on Wednesday pledged funding for Pakistan''s big dam projects, saying the new water reservoirs were inevitable for the country to sustain current growth rate.
Published 18 Aug, 2005 12:00am
Spain's drought to up EU palm oil imports

Spain's drought to up EU palm oil imports

European Union imports of palm oil are likely to rise sharply in October 2005/September 2006 to compensate for sunseed oil production lost because of Spain's drought, Hamburg-based newsletter Oil World forecasts.
Published 18 Aug, 2005 12:00am
World Bank chief pledges funding for big dams

World Bank chief pledges funding for big dams

World Bank President Paul Wolfowitz on Wednesday pledged funding for Pakistan's big dam projects, saying the new water reservoirs were inevitable for the country to sustain current growth rate.
Published 18 Aug, 2005 12:00am
Pakistan's edible oil prices stable

Pakistan's edible oil prices stable

Pakistan's edible oil market was mixed during the past week as imports stayed slow on low domestic demand that had kept prices stable, dealers said on Wednesday.
Published 18 Aug, 2005 12:00am
World Bank chief pledges funding for big dams

World Bank chief pledges funding for big dams

World Bank President Paul Wolfowitz on Wednesday pledged funding for Pakistan's big dam projects, saying the new water reservoirs were inevitable for the country to sustain current growth rate.
Published 18 Aug, 2005 12:00am
Argentina corn area seen shrinking

Argentina corn area seen shrinking

The Buenos Aires Grain Exchange said on Tuesday that 2005/06 corn area is likely to shrink compared with last season due to the greater profitability of soyabeans.
Published 18 Aug, 2005 12:00am
Banks, bourses to close today

Banks, bourses to close today

On the directive of the Election Commission of Pakistan, the State Bank of Pakistan has ordered closure of all offices of the SBP, commercial banks and development finance institutions (DFIs) on Thursday, August 18, and Friday, August 25, in the districts
Published 18 Aug, 2005 12:00am
Physical sugar: Iraqi and Asian tenders disappoint

Physical sugar: Iraqi and Asian tenders disappoint

A huge Iraqi offer to buy white sugar risked failing to lure serious bids as it was priced too low, and a lack of offtake from a couple of Asian tenders disappointed the market this week, traders said on Wednesday.
Published 18 Aug, 2005 12:00am
Banks, bourses to close today

Banks, bourses to close today

On the directive of the Election Commission of Pakistan, the State Bank of Pakistan has ordered closure of all offices of the SBP, commercial banks and development finance institutions (DFIs) on Thursday, August 18, and Friday, August 25, in the districts
Published 18 Aug, 2005 12:00am
Banks, bourses to close today

Banks, bourses to close today

On the directive of the Election Commission of Pakistan, the State Bank of Pakistan has ordered closure of all offices of the SBP, commercial banks and development finance institutions (DFIs) on Thursday, August 18, and Friday, August 25, in the districts
Published 18 Aug, 2005 12:00am
Oil cake market rates

Oil cake market rates

Mixed price pattern was again seen in the forward cottonseed oilcake market on Wednesday in process of trading, dealers said. The December vaida opened 40 paisa lower at Rs 422.30 which, proved to be day's lowest at the same level. Later, it gained 30 pai
Published 18 Aug, 2005 12:00am
Insipid business observed on cotton market

Insipid business observed on cotton market

Insipid business was seen on the cotton market on Wednesday as most of the leading buyers were on the sidelines ahead of the local election on Thursday, dealers said. The Official spot rate held the overnight level at Rs 2225 for 2005-06 crop, without upc
Published 18 Aug, 2005 12:00am
Wheat sharply lower

Wheat sharply lower

subdued activity was seen on the grain market on Wednesday as most of the traders kept on the sidelines ahead of the local polls on Thursday, dealers said. A solo deal stuck on the cereals side as the wheat Mexipak shed its overnight gains, losing Rs 90 a
Published 18 Aug, 2005 12:00am
Milk powder prices mixed

Milk powder prices mixed

The trading on milk powder sector moved mixed on Jodia Bazar on Wednesday. The following variations were seen in the Haleeb SMP down Rs 200 to Rs 3900, Poland down Rs 300 to Rs 2000, Dairy Crest down Rs 400 to Rs 5100, Halla SMP down Rs 100 to Rs 3900.
Published 18 Aug, 2005 12:00am
Weekly world market rice prices

Weekly world market rice prices

The US Agriculture Department's Commodity Credit Corporation announced the following world market prices of milled and rough rice. The data is adjusted for US milling yields and location, and the resulting marketing loan gain (MLG) and loan deficiency pay
Published 18 Aug, 2005 12:00am