News Archives for Print - 2005-09-01 - Business Recorder

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اردو

May 12, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

Print - 2005-09-01

US removes certain licence controls for nuclear-linked exports to India

US removes certain licence controls for nuclear-linked exports to India

The United States said Wednesday it had removed certain licence controls for exports and re-exports of American nuclear-related items to India under a bilateral pact, US officials said Wednesday.

Published 01 Sep, 2005 12:00am

US Stocks: Wednesday's unofficial close

US Stocks: Wednesday's unofficial close

US blue chips were lower on Wednesday in a market buffeted by concerns over the toll Hurricane Katrina took on the US Gulf Coast and faced with economic data suggesting a slowing economy.

Published 01 Sep, 2005 12:00am

European corporate bonds fall

European corporate bonds fall

European corporate bonds fell in value on Wednesday, with Hannover Re hurt by a profit warning in the wake of Hurricane Katrina and subordinated corporate bonds pressured by fears of new issuance.

Published 01 Sep, 2005 12:00am

European corporate bonds fall

European corporate bonds fall

European corporate bonds fell in value on Wednesday, with Hannover Re hurt by a profit warning in the wake of Hurricane Katrina and subordinated corporate bonds pressured by fears of new issuance.

Published 01 Sep, 2005 12:00am

US praises Libya, wags finger at Iran, North Korea and Russia

US praises Libya, wags finger at Iran, North Korea and Russia

Iran, North Korea and Russia still are among the world's biggest violators of international arms control agreements but Libya is a poster child for reform, according to a US State Department report on Tuesday.

Published 01 Sep, 2005 12:00am

Reuters cameraman held indefinitely, another freed

Reuters cameraman held indefinitely, another freed

A cameraman for Reuters in Iraq has been ordered by a secret tribunal to be held without charge in Baghdad's Abu Ghraib prison until his case is reviewed within six months, a US military spokesman said on Wednesday.

Published 01 Sep, 2005 12:00am

Netanyahu urges Israel to build more settlements

Netanyahu urges Israel to build more settlements

Israel's Benjamin Netanyahu launched his campaign to oust Prime Minister Ariel Sharon on Wednesday with a call for settlement building that could lead to a showdown with Israel's US ally.

Published 01 Sep, 2005 12:00am

Iraq criticises Arab League

Iraq criticises Arab League

Iraq criticised the Arab League on Wednesday for not playing a more active role in the country, accusing it of paying lip service rather than exerting efforts to help Iraqis.

Published 01 Sep, 2005 12:00am

US airstrike kills eight Taleban

US airstrike kills eight Taleban

US aircraft bombed a Taleban position in central Afghanistan killing eight militants in the latest violence in the run-up to a September 18 election, a provincial official said on Wednesday.

Published 01 Sep, 2005 12:00am

Israel approves historic Egypt deployment

Israel approves historic Egypt deployment

Israel's parliament Wednesday approved an historic plan for Egyptian border guards to patrol along the Gaza border after the last Israeli troops leave the Palestinian territory next month.

Published 01 Sep, 2005 12:00am

Indonesia frees hundreds of Aceh rebels

Indonesia frees hundreds of Aceh rebels

Hundreds of Acehnese rebels walked free from Indonesian jails on Wednesday under a sweeping amnesty that forms a vital plank of a landmark peace agreement signed in Helsinki this month.

Published 01 Sep, 2005 12:00am

Warships, dozens of helicopters join storm relief

Warships, dozens of helicopters join storm relief

The US military on Wednesday added Navy ships, including two helicopter assault vessels and the hospital ship Comfort, and dozens of helicopters to a massive relief effort in the wake of killer Hurricane Katrina.

Published 01 Sep, 2005 12:00am

US court freezes Palestinian Authority assets

US court freezes Palestinian Authority assets

A federal court in Rhode Island has ordered a freeze of all US-based assets of the Palestinian Authority after the Palestinian government failed to pay $116 million in damages imposed by the court last year, according to legal documents obtained on Tuesda

Published 01 Sep, 2005 12:00am

Official report condemns West Bank building

Official report condemns West Bank building

Israeli governments have consistently failed to follow their own laws and guidelines for land confiscation and building in the occupied West Bank, an official report said on Wednesday.

Published 01 Sep, 2005 12:00am

Closing stock market indices

Closing stock market indices

Here is how major stock markets outside the United States ended on Wednesday.

Published 01 Sep, 2005 12:00am

Iran eyes Indian support as nuclear row escalates

Iran eyes Indian support as nuclear row escalates

Iran's top nuclear negotiator held talks with Indian leaders on Wednesday to garner support for Tehran's controversial nuclear programme and stave off a threat of sanctions, Indian officials said.

Published 01 Sep, 2005 12:00am

Asian currencies weak on record oil prices

Asian currencies weak on record oil prices

Asian currencies weakened on Wednesday, with the Taiwan dollar hitting a 9-1/2-month low, as oil prices hovered near record highs leaving investors worried about the outlook for Asia's growth and inflation.

Published 01 Sep, 2005 12:00am

Bangladesh interbank forex, interest rates

Bangladesh interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Wednesday. 65.10/65.75 (previous 65.10/65.75). Call Money Rates: 4.75-16.00 percent (previous 4.75-16.50 percent).

Published 01 Sep, 2005 12:00am

Dollar gains versus yen though US oil havoc hurts

Dollar gains versus yen though US oil havoc hurts

The dollar gained against the yen as crude oil pushed to new record highs above $70 per barrel on Tuesday, but the disruption Hurricane Katrina caused to US oil refining facilities capped the dollar's gains against the euro, analysts said.

Published 01 Sep, 2005 12:00am

Dollar stuck in range, oil price fallout mulled

Dollar stuck in range, oil price fallout mulled

The dollar was trapped in narrow ranges against other major currencies on Wednesday as investors struggled to sort out what record-high crude oil prices mean for currencies and the global economy.

Published 01 Sep, 2005 12:00am

Chinese yuan weakens versus dollar

Chinese yuan weakens versus dollar

China's yuan eased against the dollar on Wednesday, giving up more of the gains it had racked up over in the previous week as the central bank stayed out of the market. The yuan finished at 8.0998 to the dollar on Wednesday versus Tuesday's close of 8.097

Published 01 Sep, 2005 12:00am

Hong Kong dollar moves in narrow range

Hong Kong dollar moves in narrow range

The Hong Kong dollar softened on Wednesday but trading was confined to a narrow range and took a cue from the general weakeness in other Asian currencies, dealers said. The Hong Kong dollar fell to a four-day low of 7.7728 per US dollar earlier in the day

Published 01 Sep, 2005 12:00am

Seoul shares rise

Seoul shares rise

Seoul shares rose on Wednesday, led by tech stocks such as Highness, as investors turned their attention away from record high oil prices and focused on expectations for improving corporate earnings and a broader economic recovery.

Published 01 Sep, 2005 12:00am

Nikkei retreats, output data clouds economy outlook

Nikkei retreats, output data clouds economy outlook

The Nikkei share average fell 0.32 percent on Wednesday after data showed Japanese industrial output dipped more than expected in July, spurring worries about the economic outlook and sending brokerages and insurers lower.

Published 01 Sep, 2005 12:00am

Singapore stocks recover as Jakarta holds steady

Singapore stocks recover as Jakarta holds steady

Singapore shares edged up on Wednesday from their lowest close in six weeks, as a rebound in recently-battered Jakarta stocks helped trigger bargain hunting in shares of companies with assets in Indonesia.

Published 01 Sep, 2005 12:00am

Philippines shares lower

Philippines shares lower

Philippines share prices closed 0.75 percent lower Wednesday on continued worries over record-high oil prices and a delay in the Supreme Court's ruling on a crucial tax measure, dealers said.

Published 01 Sep, 2005 12:00am

Treasuries rally, oil shock seen slowing consumers

Treasuries rally, oil shock seen slowing consumers

US Treasury debt rallied on Tuesday as investors shrugged off warnings about inflation from the Federal Reserve and bet slower economic growth would be the most crippling consequence of record oil prices. Gains were heftiest in short-term debt, where two-

Published 01 Sep, 2005 12:00am

Metals largely easier

Metals largely easier

Base metals ended Wednesday's London Metal Exchange (LME) session largely easier, with the market still pondering the longer-term implications of Hurricane Katrina in the United States, traders said.

Published 01 Sep, 2005 12:00am

Has PML politically gained in LG polls remains a billion-dollar question?

Has PML politically gained in LG polls remains a billion-dollar question?

Has the ruling Pakistan Muslim League (PML) politically gained in the local bodies' elections is a billion-dollar question, and the answer to this may take sometime. Apparently, the party formed after the exit of Nawaz Sharif, has lost instead of gaining.

Published 01 Sep, 2005 12:00am

Partly Facetious: why some senior bureaucrats have to be chosen, not selected

Partly Facetious: why some senior bureaucrats have to be chosen, not selected

"Six top civil service promotions this week past are being defined as chosen instead of selected."

Published 01 Sep, 2005 12:00am

Call to minimise infection risk among burns patients

Call to minimise infection risk among burns patients

Senior doctors working at various tertiary level hospitals of city for infection control on Wednesday urged healthcare workers including doctors to adopt simple and cost-effective steps to minimise infection risk among burns patients.

Published 01 Sep, 2005 12:00am

Stronger ties with Japan in IT and telecom sought

Stronger ties with Japan in IT and telecom sought

Information Technology Minister Awais Ahmad Khan Leghari on Wednesday sought greater partnerships between Japanese IT firms and Pakistan's software houses to produce high-end products and services that could later be outsourced by the international market

Published 01 Sep, 2005 12:00am

US MIDDAY: gold rises on short covering

US MIDDAY: gold rises on short covering

US gold futures bounced from previous one-month lows early on Wednesday, as trade buying, short covering and high energy prices all provided a floor after Tuesday's sharp speculative sell-off in precious metals.

Published 01 Sep, 2005 12:00am

US MIDDAY: soya sharply lower on export data

US MIDDAY: soya sharply lower on export data

Soyabean futures at the Chicago Board of Trade were sharply lower early Wednesday after a firm open, reacting to worries about future US export business as the Gulf Coast was shut for the fourth day after Hurricane Katrina, traders said.

Published 01 Sep, 2005 12:00am

US MIDDAY: copper dips on light buying

US MIDDAY: copper dips on light buying

Copper futures started higher early Wednesday with firm London prices, but gave up those gains and turned lower after the US growth pace rose by less than forecast in the second quarter, traders said.

Published 01 Sep, 2005 12:00am

US MIDDAY: corn at new contract lows on new contract

US MIDDAY: corn at new contract lows on new contract

Corn futures at the Chicago Board of Trade fell to new contract lows early on Wednesday on concerns about the fate of US exports amid the devastation this week from Hurricane Katrina, traders said.

Published 01 Sep, 2005 12:00am

US MIDDAY: wheat lower on uncertain export prospects

US MIDDAY: wheat lower on uncertain export prospects

Wheat futures at the Chicago Board of Trade were lower early on Wednesday, with September hitting a contract low, on uncertain export prospects and heavy deliveries, traders said.

Published 01 Sep, 2005 12:00am

US MIDDAY: sugar mixed on speculative selling

US MIDDAY: sugar mixed on speculative selling

New York raw sugar futures closed mixed on Wednesday as speculative selling weighed down the benchmark October contract while technical buying lifted deferred months in heavy volume trading.

Published 01 Sep, 2005 12:00am

US MIDDAY: cocoa touch weaker on players short positions

US MIDDAY: cocoa touch weaker on players short positions

US benchmark cocoa futures sagged amid modest trading Wednesday, with the benchmark contract shedding about 0.1 percent as market players squared positions for the month's end, traders said.

Published 01 Sep, 2005 12:00am

US MIDDAY: coffee extends gains on tight supply

US MIDDAY: coffee extends gains on tight supply

US coffee futures rose Wednesday for the second consecutive session amid lingering worries about supply tightness and damage to coffee storage and roasting facilities in hurricane-stricken Louisiana.

Published 01 Sep, 2005 12:00am

Gold sits tight in Europe

Gold sits tight in Europe

Bullion prices gained in Europe on Wednesday as the previous day's big sell-off attracted buying, but many traders were still bracing for further fund liquidation. Such was the weight of the record-high long position still hanging over the market that, fo

Published 01 Sep, 2005 12:00am

EC asks officials not to pressurise Nazims and councillors

EC asks officials not to pressurise Nazims and councillors

The Election Commission (EC) has decided to take strong action against anyone found influencing Nazims and councilors to vote for district, Tehsil and town Nazims of their choice.

Published 01 Sep, 2005 12:00am

London sugar moves up

London sugar moves up

London white sugar futures closed higher on trade, speculator and fund buying on Wednesday amid sentiment that supplies are tight, traders said. Front-month October touched a new contract high of $313.40 per tonne, before closing at $311.20, up $0.80, in

Published 01 Sep, 2005 12:00am

New York cotton ends lower

New York cotton ends lower

Cotton futures drifted to a softer close on Wednesday, hit by speculative sales though uncertain crop damage from Hurricane Katrina in the US Southeast should keep buyers in the market, dealers said.

Published 01 Sep, 2005 12:00am

Rotterdam vegetable oil prices

Rotterdam vegetable oil prices

Wednesday's Rotterdam vegetable oil prices at 1600 GMT.

Published 01 Sep, 2005 12:00am

Rotterdam vegetable oil prices

Rotterdam vegetable oil prices

Wednesday's Rotterdam vegetable oil prices at 1600 GMT.

Published 01 Sep, 2005 12:00am

Iraq buys 200,000 tonnes of sugar

Iraq buys 200,000 tonnes of sugar

Iraq has tendered to buy 100,000 tonnes of white Brazilian sugar after awarding 200,000 tonnes to Gulf and western suppliers, traders and Iraqi commodities officials said on Wednesday.

Published 01 Sep, 2005 12:00am

Oil eases below $70 as US offers to loan crude

Oil eases below $70 as US offers to loan crude

Oil eased from record highs above $70 on Wednesday after the United States temporarily eased environmental fuel regulations and offered to loan crude to refiners to prevent shortages after Hurricane Katrina ripped through the Gulf of Mexico.

Published 01 Sep, 2005 12:00am

EU sugar export tenders not excluded as stocks rise

EU sugar export tenders not excluded as stocks rise

The European Union may have to open subsidised export tenders later this year to reduce its growing sugar stockpile should its strategy of domestic resale tenders fail to work, officials and analysts said on Wednesday.

Published 01 Sep, 2005 12:00am

Florida finds 21st county with soyarust

Florida finds 21st county with soyarust

Soybean rust was found in another Florida county and was expected to spread throughout the state and other parts of the South as growers continue to feel the impact from Hurricane Katrina, the US Agriculture Department said on Wednesday.

Published 01 Sep, 2005 12:00am

Yen hits three-week low versus dollar

Yen hits three-week low versus dollar

The yen hit a three-week low against the dollar and two-week low against the euro on Wednesday, buffeted by record high oil prices, weak Japanese economic data and falling Tokyo share prices.

Published 01 Sep, 2005 12:00am

Sterling recovers versus dollar

Sterling recovers versus dollar

Sterling recovered against the dollar on Wednesday as worries about Hurricane Katrina, oil prices and US growth overshadowed concerns about the UK domestic outlook. Sterling bounced from the previous day's three-week lows against the greenback and also ro

Published 01 Sep, 2005 12:00am

Indian rupee at fresh 8-1/2 month low

Indian rupee at fresh 8-1/2 month low

The rupee fell to a fresh 8-1/2 month closing low on Wednesday, as oil companies went on a dollar buying spree concerned that high oil prices would widen the trade deficit and lead to downward pressure on the local unit.

Published 01 Sep, 2005 12:00am

Big-cap oils fuel FTSE's rise; Yell, telecoms support

Big-cap oils fuel FTSE's rise; Yell, telecoms support

Britain's top shares rose on Wednesday, lifted by oil majors BP and Shell after crude prices continued their seemingly inexorable rise, and as mobile operator 02 gained on take-over hopes and Yell benefited from optimism over an update on a probe into its

Published 01 Sep, 2005 12:00am

Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (August 31, 2005).

Published 01 Sep, 2005 12:00am

EU car makers set to give dealers more freedom

EU car makers set to give dealers more freedom

European car makers must change their contracts with dealers by October 1 or face legal uncertainty and the possibility of large fines from the European Commission, a spokesman said on Wednesday.

Published 01 Sep, 2005 12:00am

Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Wednesday (August 31, 2005).

Published 01 Sep, 2005 12:00am

Towel exports fall due to non-payment of sales tax refund

Towel exports fall due to non-payment of sales tax refund

Pakistan Commercial Exporters of Towels Association (Paceta) has said that delay in payment of sales tax refund had resulted in 5 percent decline in exports of towels in July.

Published 01 Sep, 2005 12:00am

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 31, 2005).

Published 01 Sep, 2005 12:00am

Towel exports fall due to non-payment of sales tax refund

Towel exports fall due to non-payment of sales tax refund

Pakistan Commercial Exporters of Towels Association (Paceta) has said that delay in payment of sales tax refund had resulted in 5 percent decline in exports of towels in July.

Published 01 Sep, 2005 12:00am

NJLI Managed Growth Fund Rates

NJLI Managed Growth Fund Rates

New Jubilee Life Insurance Managed Growth Fund Rates on Wednesday (August 31, 2005).

Published 01 Sep, 2005 12:00am

CBR to set up ADR bodies at regional level

CBR to set up ADR bodies at regional level

In order to provide alternate dispute resolution facility to the tax payers residing in far-flung areas, the Central Board of Revenue (CBR), has agreed to set up Alternate Dispute Resolution Committees (ADRCs) at regional level. Chairman CBR Abdullah Yous

Published 01 Sep, 2005 12:00am

NJLI Managed Growth Fund Rates

NJLI Managed Growth Fund Rates

New Jubilee Life Insurance Managed Growth Fund Rates on Wednesday (August 31, 2005).

Published 01 Sep, 2005 12:00am

CBR to set up ADR bodies at regional level

CBR to set up ADR bodies at regional level

In order to provide alternate dispute resolution facility to the tax payers residing in far-flung areas, the Central Board of Revenue (CBR), has agreed to set up Alternate Dispute Resolution Committees (ADRCs) at regional level. Chairman CBR Abdullah Yous

Published 01 Sep, 2005 12:00am

NJLI Managed Growth Fund Rates

NJLI Managed Growth Fund Rates

New Jubilee Life Insurance Managed Growth Fund Rates on Wednesday (August 31, 2005).

Published 01 Sep, 2005 12:00am

CBR to set up ADR bodies at regional level

CBR to set up ADR bodies at regional level

In order to provide alternate dispute resolution facility to the tax payers residing in far-flung areas, the Central Board of Revenue (CBR), has agreed to set up Alternate Dispute Resolution Committees (ADRCs) at regional level. Chairman CBR Abdullah Yous

Published 01 Sep, 2005 12:00am

NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Wednesday (August 31, 2005).

Published 01 Sep, 2005 12:00am

TCP receives 12 bids for urea

TCP receives 12 bids for urea

The Trading Corporation of Pakistan (TCP) has received 12 bids against urea tenders opened on August 30, 2005 from suppliers of Switzerland, Singapore, the UAE, US, Canada, Saudi Arabia, Kazakhstan and West Indies with prices ranging between $225 per tonn

Published 01 Sep, 2005 12:00am

NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Wednesday (August 31, 2005).

Published 01 Sep, 2005 12:00am

50,000 tons TCP sugar to be sold in small lots

50,000 tons TCP sugar to be sold in small lots

The government has decided to sell 50,000 tons sugar from TCP stocks through public auction in small lots of 50 to 500 tons each within two weeks, sources told Business Recorder. They said that sugar mills and their representatives would not be all

Published 01 Sep, 2005 12:00am

NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Wednesday (August 31, 2005).

Published 01 Sep, 2005 12:00am

50,000 tons TCP sugar to be sold in small lots

50,000 tons TCP sugar to be sold in small lots

The government has decided to sell 50,000 tons sugar from TCP stocks through public auction in small lots of 50 to 500 tons each within two weeks, sources told Business Recorder. They said that sugar mills and their representatives would not be all

Published 01 Sep, 2005 12:00am

NJLI Sarmaya Growth Fund Rates

NJLI Sarmaya Growth Fund Rates

New Jubilee Life Insurance Sarmaya Growth Fund Rates on Wednesday (August 31, 2005).

Published 01 Sep, 2005 12:00am

50,000 tons TCP sugar to be sold in small lots

50,000 tons TCP sugar to be sold in small lots

The government has decided to sell 50,000 tons sugar from TCP stocks through public auction in small lots of 50 to 500 tons each within two weeks, sources told Business Recorder. They said that sugar mills and their representatives would not be all

Published 01 Sep, 2005 12:00am

NJLI Sarmaya Growth Fund Rates

NJLI Sarmaya Growth Fund Rates

New Jubilee Life Insurance Sarmaya Growth Fund Rates on Wednesday (August 31, 2005).

Published 01 Sep, 2005 12:00am

Pacra introduces asset manager ratings

Pacra introduces asset manager ratings

The Pakistan Credit Rating Agency (Pacra) has introduced asset manager rating, seeking to determine the professional capacity of asset managers following the directive of Securities & Exchange Commission of Pakistan (SECP) issued on August 19, 2005.

Published 01 Sep, 2005 12:00am

NJLI Sarmaya Growth Fund Rates

NJLI Sarmaya Growth Fund Rates

New Jubilee Life Insurance Sarmaya Growth Fund Rates on Wednesday (August 31, 2005).

Published 01 Sep, 2005 12:00am

Pacra introduces asset manager ratings

Pacra introduces asset manager ratings

The Pakistan Credit Rating Agency (Pacra) has introduced asset manager rating, seeking to determine the professional capacity of asset managers following the directive of Securities & Exchange Commission of Pakistan (SECP) issued on August 19, 2005.

Published 01 Sep, 2005 12:00am

EFU Managed Growth Fund Rates

EFU Managed Growth Fund Rates

EFU Managed Growth Fund Rates on Wednesday (August 31, 2005).

Published 01 Sep, 2005 12:00am

CBR hard to find law officers with LLM

CBR hard to find law officers with LLM

The Central Board of Revenue (CBR) may not be able to find many tax officials for Grade 18, having LLM degree for appointment as 'senior law officers', to help in speedy disposal of pending cases at the level of tribunals, High Courts and Supreme Court of

Published 01 Sep, 2005 12:00am

EFU Managed Growth Fund Rates

EFU Managed Growth Fund Rates

EFU Managed Growth Fund Rates on Wednesday (August 31, 2005).

Published 01 Sep, 2005 12:00am

'Privatisation policies bring upward trend in economy'

'Privatisation policies bring upward trend in economy'

The process of deregulation of laws, decentralisation of powers and transparency in privatisation policies have brought about an upward trend in the economy to help Pakistan in overcoming challenges it has been confronting with over the last few years.

Published 01 Sep, 2005 12:00am

EFU Managed Growth Fund Rates

EFU Managed Growth Fund Rates

EFU Managed Growth Fund Rates on Wednesday (August 31, 2005).

Published 01 Sep, 2005 12:00am

Discord among parties over Nazim elections

Discord among parties over Nazim elections

Self-aggrandisement prevails over final phase of local government elections to elect Nazim for district governments and Taluka as discord emerged in political parties including ruling party and its allies.

Published 01 Sep, 2005 12:00am

EFU Pension Growth Fund Rates

EFU Pension Growth Fund Rates

EFU Pension Growth Fund Rates on Wednesday (August 31, 2005).

Published 01 Sep, 2005 12:00am

Cabinet reviews political situation after local government polls

Cabinet reviews political situation after local government polls

The federal cabinet on Wednesday took stock of political situation following local bodies' election and concluded that over 48 percent turnout reflects people's endorsement of the present rulers and their policies.

Published 01 Sep, 2005 12:00am

EFU Pension Growth Fund Rates

EFU Pension Growth Fund Rates

EFU Pension Growth Fund Rates on Wednesday (August 31, 2005).

Published 01 Sep, 2005 12:00am

President in Quetta

President in Quetta

President General Pervez Musharraf arrived here on Wednesday for a two-day visit of the provincial capital. Balochistan governor Owais Ghani, Chief Minister Jam Yousaf, Corps Commander Lieutenant General Hamid Rab Nawaz and other senior civil and military

Published 01 Sep, 2005 12:00am

EFU Pension Growth Fund Rates

EFU Pension Growth Fund Rates

EFU Pension Growth Fund Rates on Wednesday (August 31, 2005).

Published 01 Sep, 2005 12:00am

President and Prime Minister grieved over Baghdad tragedy

President and Prime Minister grieved over Baghdad tragedy

President General Pervez Musharraf has expressed profound grief over death of hundreds of pilgrims at Al-Kazimia Mosque in Baghdad on Wednesday, saying the people of Pakistan share the grief of Iraqi people in this moment of tragedy.

Published 01 Sep, 2005 12:00am

EFU Capital Growth Fund Rates

EFU Capital Growth Fund Rates

EFU Capital Growth Fund Rates on Wednesday (August 31, 2005).

Published 01 Sep, 2005 12:00am

Bomb blast kills one in Mastung

Bomb blast kills one in Mastung

A man was killed and two others were wounded by a bomb blast in Mastung on Wednesday, police said. The victim died when a remote-controlled device hidden in a vendor's pushcart exploded near paramilitary barracks.

Published 01 Sep, 2005 12:00am

EFU Capital Growth Fund Rates

EFU Capital Growth Fund Rates

EFU Capital Growth Fund Rates on Wednesday (August 31, 2005).

Published 01 Sep, 2005 12:00am

Supreme Court issues detailed judgement on Hasba Bill

Supreme Court issues detailed judgement on Hasba Bill

The Supreme Court on Wednesday released a 106-page detailed judgement on the Hasba Bill, which it has declared ultra vires of the Constitution. A nine-member Supreme Court bench headed by Chief Justice Iftikhar Muhammad Chaudhry had passed a short order o

Published 01 Sep, 2005 12:00am

EFU Capital Growth Fund Rates

EFU Capital Growth Fund Rates

EFU Capital Growth Fund Rates on Wednesday (August 31, 2005).

Published 01 Sep, 2005 12:00am

Reward rules for tax officials re-drafted

Reward rules for tax officials re-drafted

The Central Board of Revenue (CBR) is likely to empower the tax officials to file complaints against the regional authorities, who refuse to entertain genuine cases claiming rewards under the proposed "Unified Reward Rules 2005".

Published 01 Sep, 2005 12:00am

Dates of Closure of Books & Annual General Meetings

Dates of Closure of Books & Annual General Meetings

Dates of Closure of Books and holding of Ordinary and Extra-Ordinary General Meetings of companies listed on the stock exchanges.

Published 01 Sep, 2005 12:00am

Priority to manufacturing in new steel policy: Tareen

Priority to manufacturing in new steel policy: Tareen

Jahangir Khan Tareen, Federal Minister for Industries, Production and Special Initiatives, has said that government would prioritise different elements while devising a new steel policy. The new policy would give more importance to manufacturing and it wo

Published 01 Sep, 2005 12:00am

Clearing Schedule for T+3 System

Clearing Schedule for T+3 System

Karachi Stock Exchange's Clearing Schedule for T+3 System.

Published 01 Sep, 2005 12:00am

Prime Minister presents report to President on government performance

Prime Minister presents report to President on government performance

President General Pervez Musharraf has appreciated the government efforts for transfer of economic gains at the grassroots level and lauded the performance of the government in various fields.

Published 01 Sep, 2005 12:00am

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Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 9	281.75
USD PKR Interbank Buying / May 9	281.50
USD to Japanese Yen / May 9	145.37
USD to Swiss Franc / May 9	0.83
Pound Sterling to USD / May 9	1.33
Euro to USD / May 9	1.12
UK LIBOR % / May 9	4.96

Stock	Volume
S&P 500 / May 9	5,659.91
India Sensex / May 9	79,454.47
Tokyo Nikkei / May 9	37,503.33
Nasdaq / May 9	17,928.92
Hang Seng / May 9	22,867.74
FTSE 100 / May 9	8,554.80
Dow Jones / May 9	41,249.38
Germany DAX 30 / May 9	23,499.32
France CAC40 / May 9	7,743.75

Item	Value
Crude Oil USD/Barrel / May 9	61.02
Karachi Cotton PKR/37.32 KG / May 9	16,985
Gold 10 Grams PKR / May 9	300,840
Gold Spot USD/Ounce / May 9	3,324.98
Cotton US¢/pound / May 9	66.61
Petrol/Litre / May 12	252.63
Diesel/Litre / May 12	256.64

Gainers
Losers
Leaders

Stock	Price
First AL-Noor Mod. / May 9 First Al-Noor Modaraba(FANM)	3 ▲ 0.67 (28.76%)
Premier Insurance / May 9 Premier Insurance Limited(PINL)	5.15 ▲ 0.72 (16.25%)
Escorts Bank / May 9 Escorts Investment Bank Limited(ESBL)	5.98 ▲ 0.83 (16.12%)
Parmount Sp. / May 9 Paramount Spinning Mills Limited(PASM)	3.22 ▲ 0.41 (14.59%)
UDL International / May 9 UDL International Limited(UDLI)	7.10 ▲ 0.85 (13.6%)
Abdullah Shah / May 9 Abdullah Shah Ghazi Sugar Mills Limited(AGSML)	5.44 ▲ 0.65 (13.57%)
Chenab Ltd (Pref) / May 9 Chenab Limited (Pref)(CLCPS)	2.05 ▲ 0.23 (12.64%)
LSE Capital / May 9 LSE Capital Limited(LSECL)	4.39 ▲ 0.48 (12.28%)
Cnergyico PK / May 9 Cnergyico PK Limited(CNERGY)	6.42 ▲ 0.7 (12.24%)
D.S. Ind. Ltd. / May 9 D.S. Industries Limited(DSIL)	3.90 ▲ 0.41 (11.75%)

Stock	Price
Cyan Limited / May 9 Cyan Limited(CYAN)	27.05 ▼ -5.03 (-15.68%)
Burj Clean Energy Modaraba / May 9 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	7.11 ▼ -1 (-12.33%)
Universal Ins. / May 9 The Universal Insurance Company Limited(UVIC)	8.25 ▼ -1 (-10.81%)
Sally Textile / May 9 Sally Textile Mills Limited(SLYT)	7.14 ▼ -0.86 (-10.75%)
Jubilee Spinning / May 9 Jubilee Spinning & Weaving Mills Ltd.(JUBS)	8.43 ▼ -0.95 (-10.13%)
At-Tahur Ltd. / May 9 At-Tahur Limited(PREMA)	42.57 ▼ -4.73 (-10%)
Khyber Tobacco / May 9 Khyber Tobacco Company Limited(KHTC)	342.26 ▼ -38.03 (-10%)
Dewan Mushtaq / May 9 Dewan Mushtaq Textile Mills Limited(DMTM)	9.29 ▼ -1.03 (-9.98%)
PIA Holding Co.Ltd / May 9 PIA Holding Company Limited(PIAHCLA)	12.23 ▼ -1.35 (-9.94%)
First Elite Cap.Mod / May 9 First Elite Capital Modaraba(FECM)	18.44 ▼ -2 (-9.78%)

Stock	Volume
WorldCall Telecom / May 9 Worldcall Telecom Limited(WTL)	47,087,025 ▲ 0.06
Cnergyico PK / May 9 Cnergyico PK Limited(CNERGY)	33,590,475 ▲ 0.7
Sui South Gas / May 9 Sui Southern Gas Company Limited(SSGC)	29,288,646 ▼ -1.53
B.O.Punjab / May 9 The Bank of Punjab(BOP)	18,310,598 ▲ 0.44
Pak Refinery / May 9 Pakistan Refinery Limited(PRL)	15,347,121 ▲ 0.3
PIA Holding Co.Ltd / May 9 PIA Holding Company Limited(PIAHCLA)	14,961,675 ▼ -1.35
Sui North Gas / May 9 Sui Northern Gas Pipelines Limited(SNGP)	14,847,660 ▲ 5.69
K-Electric Ltd. / May 9 K-Electric Limited(KEL)	14,463,181 ▲ 0.09
Maple Leaf Cement / May 9 Maple Leaf Cement Factory Limited(MLCF)	13,544,491 ▲ 2.45
Kohinoor Spining / May 9 Kohinoor Spinning Mills Limited(KOSM)	13,517,642 ▲ 0.05

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