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Nov 24, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2005-10-04
BMA-PGBI Closing Bell

BMA-PGBI Closing Bell

Yields on the BMA-PGBI decreased by approximately 3 bps and its value increased by 0.11% to close at 98.6242. Once again the fixed income securities witnessed volatility, especially within the short to medium tenors.
Published 04 Oct, 2005 12:00am
Slight chances of moon sighting today

Slight chances of moon sighting today

If the Ramazan moon is sighted today (Tuesday), Ramazan One, 1426 AH, may fall on Wednesday. However, according to astronomical parameters, there is only a slight chance of sighting the Ramazan moon today.
Published 04 Oct, 2005 12:00am
Power tariffs to be ready by November 15, World Bank told

Power tariffs to be ready by November 15, World Bank told

The Ministry of Water and Power on Monday informed the World Bank (WB) that the long-awaited tariff determinations for power distribution companies (Discos) would be ready by November 15, it is learnt.
Published 04 Oct, 2005 12:00am
Power tariffs to be ready by November 15, World Bank told

Power tariffs to be ready by November 15, World Bank told

The Ministry of Water and Power on Monday informed the World Bank (WB) that the long-awaited tariff determinations for power distribution companies (Discos) would be ready by November 15, it is learnt.
Published 04 Oct, 2005 12:00am
Power tariffs to be ready by November 15, World Bank told

Power tariffs to be ready by November 15, World Bank told

The Ministry of Water and Power on Monday informed the World Bank (WB) that the long-awaited tariff determinations for power distribution companies (Discos) would be ready by November 15, it is learnt.
Published 04 Oct, 2005 12:00am
Transport strike today

Transport strike today

National Transport Ittehad (NTI) on Monday demanded of the government to redress their grievances pertaining to the unprecedented increase in fuel prices, otherwise transporters would not be able to carry on business in the month of holy Ramazan.
Published 04 Oct, 2005 12:00am
Transport strike today

Transport strike today

National Transport Ittehad (NTI) on Monday demanded of the government to redress their grievances pertaining to the unprecedented increase in fuel prices, otherwise transporters would not be able to carry on business in the month of holy Ramazan.
Published 04 Oct, 2005 12:00am
EU and Turkey clinch deal to launch entry talks

EU and Turkey clinch deal to launch entry talks

Turkey and the European Union clinched a historic deal to launch membership talks on Monday despite deep public scepticism over whether the wealthy Western bloc will ever be able to absorb the teeming Muslim nation.
Published 04 Oct, 2005 12:00am
EU and Turkey clinch deal to launch entry talks

EU and Turkey clinch deal to launch entry talks

Turkey and the European Union clinched a historic deal to launch membership talks on Monday despite deep public scepticism over whether the wealthy Western bloc will ever be able to absorb the teeming Muslim nation.
Published 04 Oct, 2005 12:00am
Schroeder signals readiness to bow out

Schroeder signals readiness to bow out

Gerhard Schroeder signalled on Monday he might be ready to drop his demand to remain chancellor after Germany's inconclusive election, by saying he would not stand in the way of the creation of a stable new government.
Published 04 Oct, 2005 12:00am
Schroeder signals readiness to bow out

Schroeder signals readiness to bow out

Gerhard Schroeder signalled on Monday he might be ready to drop his demand to remain chancellor after Germany's inconclusive election, by saying he would not stand in the way of the creation of a stable new government.
Published 04 Oct, 2005 12:00am
Iran gas line project very much on board: Natwar

Iran gas line project very much on board: Natwar

Indian foreign minister Natwar Singh on Monday said that Iran-Pakistan-India (IPI) gas pipeline project is very much on board and progressing as per schedule, adding its joint working group (JWG) is scheduled to meet in New Delhi some time in November.
Published 04 Oct, 2005 12:00am
Iran gas line project very much on board: Natwar

Iran gas line project very much on board: Natwar

Indian foreign minister Natwar Singh on Monday said that Iran-Pakistan-India (IPI) gas pipeline project is very much on board and progressing as per schedule, adding its joint working group (JWG) is scheduled to meet in New Delhi some time in November.
Published 04 Oct, 2005 12:00am
Iran gas line project very much on board: Natwar

Iran gas line project very much on board: Natwar

Indian foreign minister Natwar Singh on Monday said that Iran-Pakistan-India (IPI) gas pipeline project is very much on board and progressing as per schedule, adding its joint working group (JWG) is scheduled to meet in New Delhi some time in November.
Published 04 Oct, 2005 12:00am
Official arrested for torturing AEC

Official arrested for torturing AEC

Provincial parliamentary secretary Malik Muhammad Ahmed Khan and his cousin have been arrested under anti-terrorist act for torturing the assistant election commissioner (AEC) Kasur Mohammad Abdullah.
Published 04 Oct, 2005 12:00am
Blast disrupts gas supply to Quetta

Blast disrupts gas supply to Quetta

The gas pipeline of the Sui Southern Gas Company Limited (SSGC) from Shikarpur to Quetta was damaged near Kolpur, about 27-km from Quetta at about 2:30 am, on the night between October 2 and 3, 2005, said a press release of the SSGC issued here on Monday.
Published 04 Oct, 2005 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Monday (October 03, 2005).

Published 04 Oct, 2005 12:00am
Blast disrupts gas supply to Quetta

Blast disrupts gas supply to Quetta

The gas pipeline of the Sui Southern Gas Company Limited (SSGC) from Shikarpur to Quetta was damaged near Kolpur, about 27-km from Quetta at about 2:30 am, on the night between October 2 and 3, 2005, said a press release of the SSGC issued here on Monday.
Published 04 Oct, 2005 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Monday (October 03, 2005).
Published 04 Oct, 2005 12:00am
Consulates to open in January

Consulates to open in January

The Pakistani and Indian consular services at Mumbai and Karachi will start functioning at the turn of the year, Indian Foreign Secretary Shyam Saran told a news briefing here on Monday afternoon.
Published 04 Oct, 2005 12:00am
Consulates to open in January

Consulates to open in January

The Pakistani and Indian consular services at Mumbai and Karachi will start functioning at the turn of the year, Indian Foreign Secretary Shyam Saran told a news briefing here on Monday afternoon.
Published 04 Oct, 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 Monday (October 03, 2005).

Published 04 Oct, 2005 12:00am
Pakistan and India sign two deals

Pakistan and India sign two deals

The foreign ministers of Pakistan and India have noted "with satisfaction" the economic and political gains made by the ongoing composite dialogue and decided to carry it to third round, which will start in January next year.
Published 04 Oct, 2005 12:00am
Pakistan and India sign two deals

Pakistan and India sign two deals

The foreign ministers of Pakistan and India have noted "with satisfaction" the economic and political gains made by the ongoing composite dialogue and decided to carry it to third round, which will start in January next year.
Published 04 Oct, 2005 12:00am
Ramazan begins in most Arab states

Ramazan begins in most Arab states

The month of Ramazan is to begin on Tuesday in most Arab countries, while Oman and Iraqi Shias will start the dawn-to-dusk fast on Wednesday or Thursday, officials said.
Published 04 Oct, 2005 12:00am
Ramazan begins in most Arab states

Ramazan begins in most Arab states

The month of Ramazan is to begin on Tuesday in most Arab countries, while Oman and Iraqi Shias will start the dawn-to-dusk fast on Wednesday or Thursday, officials said.
Published 04 Oct, 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 Monday (October 03, 2005).

Published 04 Oct, 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 Monday (October 03, 2005).

Published 04 Oct, 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 Monday (October 03, 2005).

Published 04 Oct, 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 04 Oct, 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 04 Oct, 2005 12:00am
EU raises Slovak wheat export

EU raises Slovak wheat export

The European Union has increased the amount of wheat available from Slovak intervention stores for export via tender, its Official Journal said in its latest edition on Monday.
Published 04 Oct, 2005 12:00am
Oil cake market rates

Oil cake market rates

Upward trend persisted on the cottonseed oilcake market on Monday as buyers showed persistent interest in fresh buying on fears of further rise in the prices, dealers said.
Published 04 Oct, 2005 12:00am
Cotton prices up on crop damage report

Cotton prices up on crop damage report

Seed-cotton prices were higher on the cotton market on Monday as buying was accelerated to meet the forward deals, dealers said.
Published 04 Oct, 2005 12:00am
Hectic activity on grain market

Hectic activity on grain market

Hectic activity was seen on the grain market on Monday as buying interest revived significantly as the month of Ramazan is knocking at the door, dealers said.
Published 04 Oct, 2005 12:00am
Ivorian cocoa arrivals flag good start to new crop

Ivorian cocoa arrivals flag good start to new crop

Cocoa arrivals at ports in Ivory Coast were higher than usual during the third week of September, confirming a good start to the 2005/06 main crop even though the official campaign has not yet officially opened.
Published 04 Oct, 2005 12:00am
CIF Gulf corn and soya steady; freight firm

CIF Gulf corn and soya steady; freight firm

US CIF Gulf corn and soyabean basis values were mostly steady on Monday, supported by firm barge freight as the harvest advanced, traders said.
Published 04 Oct, 2005 12:00am
Tata Steel's second quarter sales rise 14 percent

Tata Steel's second quarter sales rise 14 percent

India's second-largest steel maker, Tata Steel Ltd, sold 1.18 million tonnes of steel in the July-September quarter, up 14 percent from a year earlier, the company said.
Published 04 Oct, 2005 12:00am
Tata Steel's second quarter sales rise 14 percent

Tata Steel's second quarter sales rise 14 percent

India's second-largest steel maker, Tata Steel Ltd, sold 1.18 million tonnes of steel in the July-September quarter, up 14 percent from a year earlier, the company said.
Published 04 Oct, 2005 12:00am
Russian oil output tops landmark 9.5 million barrels per day

Russian oil output tops landmark 9.5 million barrels per day

Russian oil output resumed steady growth as it rose for a fourth straight month and added 40,000 barrels per day (bpd) in September to reach 9.53 million bpd, a new post Soviet high, Energy Ministry data showed on Monday.
Published 04 Oct, 2005 12:00am
Zambia's copper smelters hit by fuel shortages

Zambia's copper smelters hit by fuel shortages

Zambia's copper smelters have been hit by severe fuel shortages that could lead to cuts in this year's production figures, industry executives said on Monday.
Published 04 Oct, 2005 12:00am
World steel demand seen up four-five percent a year to 2006

World steel demand seen up four-five percent a year to 2006

China will lead world steel demand to rise 4-5 percent annually to 2006, but high oil prices are raising concerns over economic growth crucial to demand for the metal, the leading industry body said on Monday.
Published 04 Oct, 2005 12:00am
HRW wheat bids steady to weaker

HRW wheat bids steady to weaker

Spot basis offers for hard red winter wheat were steady to weaker on Monday with merchants continuing to be cautious amid more aggressive movement out of the country.
Published 04 Oct, 2005 12:00am
US Midwest soya weak, corn unchanged

US Midwest soya weak, corn unchanged

Spot basis bids for soyabeans fell in the US Midwest on Monday while corn bids were mostly unchanged at interior locations amid steady farmer sales, grain dealers said.
Published 04 Oct, 2005 12:00am
Kenyan sugar industry needs $400 million to survive

Kenyan sugar industry needs $400 million to survive

Kenya's struggling sugar industry requires 30 billion shillings ($408.4 million) to survive stiff competition from more efficient regional producers, a minister said on Monday.
Published 04 Oct, 2005 12:00am
Brazil closes Paranagua soya crushing plant

Brazil closes Paranagua soya crushing plant

Multinational Archer Daniels Midland Cohsoya closed its soyabean crusher in Paranagua, Brazil, and will decide whether to reopen the plant early next year, an ADM spokeswoman said on Monday.
Published 04 Oct, 2005 12:00am
French port strike hits BP refinery

French port strike hits BP refinery

French strikers have cut operations at a BP refinery and may force its closure if the dispute is not resolved by Wednesday, the oil giant said on Monday.
Published 04 Oct, 2005 12:00am
Gold Fields September quarter output down

Gold Fields September quarter output down

South Africa's Gold Fields Ltd said on Monday its output for the quarter to end-September fell around eight percent to 993,000 ounces but it said production was on track for a good December quarter.
Published 04 Oct, 2005 12:00am
Singapore bunker fuel prices fall

Singapore bunker fuel prices fall

Singapore bunker prices fell in line with retreating Singapore cargo prices, while suppliers continued to express concerns over supply tightness in the spot bunker market for the fourth-quarter.
Published 04 Oct, 2005 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 34,646 tonnes of cargo including 27,984 tonnes import and 6,662 tonnes export cargo including 1,320 containers during last 24 hours ending at 0700 hours on Monday.
Published 04 Oct, 2005 12:00am
Tokyo gold dips, but firm trend seen intact

Tokyo gold dips, but firm trend seen intact

Tokyo gold futures dipped on Monday, tracking bullion's decline, but a weaker yen provided some support and analysts said the precious metal's fundamental firm trend was intact.
Published 04 Oct, 2005 12:00am
Gold weaker in Asia on firmer dollar

Gold weaker in Asia on firmer dollar

Gold was weaker in Asia on Monday as a firmer dollar against the yen encouraged Japanese selling, but trade was thin due to holidays in some parts of Asia, including China, traders said.
Published 04 Oct, 2005 12:00am
Malaysian tin down

Malaysian tin down

Tin lost 1.6 percent in Malaysian trade on Monday as Japanese and local buyers bid lower for the metal after it slid sharply in London last week.
Published 04 Oct, 2005 12:00am
Oil steadies on slow US output recovery

Oil steadies on slow US output recovery

Oil prices were steady on Monday as slow recovery in production and refining disrupted by hurricanes in the Gulf of Mexico ahead of winter was balanced by slower gasoline demand.
Published 04 Oct, 2005 12:00am
Kazakh 2005 grain crop rises but quality down

Kazakh 2005 grain crop rises but quality down

Kazakhstan's 2005 grain crop rose to 15.432 million tonnes by bunker weight with almost all harvesting completed but heavy rains have affected the crop's quality, the Agriculture Ministry said on Monday.
Published 04 Oct, 2005 12:00am
Thai rice futures end mixed in thin trade

Thai rice futures end mixed in thin trade

Thai rice futures ended mixed in thin trade on Monday as speculative buying pushed up nearby contracts and short selling pulled deferred contracts down, brokers said.
Published 04 Oct, 2005 12:00am
Russia grain crop up, winter sowing slow

Russia grain crop up, winter sowing slow

Russia has harvested 80.3 million tonnes of grain by bunker weight so far, or 2.6 million tonnes more than a year ago, the Agriculture Ministry said on Monday.
Published 04 Oct, 2005 12:00am
Indian soya and sugar futures rise, gold eases

Indian soya and sugar futures rise, gold eases

Indian soya futures rose on Monday after a fall in edible oil stocks, while sugar climbed on festival demand. Gold eased tracking lower global prices.
Published 04 Oct, 2005 12:00am
Thai sugar trade seen slow, Taiwan seeking whites

Thai sugar trade seen slow, Taiwan seeking whites

Thai sugar trade is expected to remain slow over the next few days, with uncertainty about the next crop still making exporters reluctant to make new offers for shipment in 2006, traders said on Monday.
Published 04 Oct, 2005 12:00am
Malaysian palm oil off highs after soya-driven rally

Malaysian palm oil off highs after soya-driven rally

Malaysian crude palm oil futures rose more than 2 percent after tailing a rally in US soyaoil, but profit-taking caused the market to close below on Monday's 6-1/2 month highs.
Published 04 Oct, 2005 12:00am
NTL to buy rival Telewest for $6 billion

NTL to buy rival Telewest for $6 billion

British cable operator NTL has agreed a long-awaited deal to buy smaller rival Telewest for $6 billion in a move to compete more effectively with the likes of BSkyB and BT.
Published 04 Oct, 2005 12:00am
NTL to buy rival Telewest for $6 billion

NTL to buy rival Telewest for $6 billion

British cable operator NTL has agreed a long-awaited deal to buy smaller rival Telewest for $6 billion in a move to compete more effectively with the likes of BSkyB and BT.
Published 04 Oct, 2005 12:00am
Electronics groups pursue anti-piracy software link

Electronics groups pursue anti-piracy software link

The world's four biggest consumer electronics companies predicted on Monday they will introduce products in 2006 with anti-piracy software that is based on an open standard which is fully interoperable.
Published 04 Oct, 2005 12:00am
Bali attacks to have limited impact: IMF

Bali attacks to have limited impact: IMF

Indonesia's economy will not be badly affected by the weekend blasts on the resort island of Bali, despite fears of damage to the tourism industry, the IMF and Indonesia's top economic minister said Monday.
Published 04 Oct, 2005 12:00am
Tankan shows oil prices dampening Japan confidence

Tankan shows oil prices dampening Japan confidence

Japanese business confidence gained slightly in the latest quarter but was weaker than forecast as rising energy costs dampened sentiment, an influential Bank of Japan survey showed on Monday.
Published 04 Oct, 2005 12:00am
Microsoft's Office upgrade to support PDF files

Microsoft's Office upgrade to support PDF files

Microsoft Corp said on Monday that the next version of its Office program will be able to save documents in the PDF format, a popular method of sharing documents between different computers and software programs.
Published 04 Oct, 2005 12:00am
French government fails to end ferry dispute

French government fails to end ferry dispute

The French government failed on Monday to convince trade unions to accept plans to privatise a ferry company and halt protests that have blocked the southern port of Marseille and caused unrest in Corsica.
Published 04 Oct, 2005 12:00am
Paramount backs Blu-ray in latest twist of DVD war

Paramount backs Blu-ray in latest twist of DVD war

In the latest twist of a heated battle over next-generation DVD technology, Paramount Home Entertainment said it would release high-definition movies in the Blu-ray format backed by a group led by Sony Corp.
Published 04 Oct, 2005 12:00am
Greece drafts tight budget to please EU

Greece drafts tight budget to please EU

Greece on Monday set an ambitious 2006 budget deficit target of 2.8 percent of GDP, hoping a plan to boost revenues by debt issuance will help it to respect EU deficit limits for the first time in eight years.
Published 04 Oct, 2005 12:00am
Turkish inflation just below consensus

Turkish inflation just below consensus

Turkish inflation rose by less than expected in September despite high global oil prices, data showed on Monday, but economists said prospects for an interest rate cut hinged more on developments in the European Union.
Published 04 Oct, 2005 12:00am
Spend extra petro-dollars well, IMF tells producers

Spend extra petro-dollars well, IMF tells producers

Soaring oil prices are propelling growth in the Middle East and central Asia but oil producers should not waste the opportunity to spend the bonanza on creating jobs and developing their economies, the IMF said Monday.
Published 04 Oct, 2005 12:00am
Global equity returns likely to rise: Citigroup

Global equity returns likely to rise: Citigroup

Global equity returns may total 10 percent to 14 percent in the next six-to-12 months, according to Citigroup Inc "Reasonable-to-cheap valuations, the upturn in most leading indicators of earnings growth and strong momentum in equity prices in most region
Published 04 Oct, 2005 12:00am
US and Oman clinch free trade deal

US and Oman clinch free trade deal

The United States and the Gulf state of Oman have reached a free trade agreement, a US trade official said on Monday. US Trade Representative Rob Portman and Omani Commerce and Industry Minister Makboul bin Ali bin Sultan set a noon press conference to di
Published 04 Oct, 2005 12:00am
Japan dominates Libya energy round

Japan dominates Libya energy round

Japanese firms won the lion's share of Libya's latest international energy licensing round, fighting off stiff competition from global oil majors for acreage in the Opec producer.
Published 04 Oct, 2005 12:00am
US manufacturing expands in storm's wake

US manufacturing expands in storm's wake

US manufacturing activity was surprisingly robust in September as new orders jumped in the aftermath of Hurricane Katrina, while August construction spending rose at a record rate, data released on Monday showed.
Published 04 Oct, 2005 12:00am
ECB seeks simpler payment system

ECB seeks simpler payment system

Europe's banking sector must improve cross-border payment systems or risk losing out to global competitors in the drive to restructure the industry, European Central Bank Executive Board member Gertrude Tumpel-Gugerell said on Monday.
Published 04 Oct, 2005 12:00am
Global manufacturing PMI up sharply in September

Global manufacturing PMI up sharply in September

Global manufacturing activity grew at its fastest pace in a year in September, an indicator based on national surveys showed on Monday. The global Purchasing Managers' Index (PMI), produced by J.P. Morgan with research and supply management organisations,
Published 04 Oct, 2005 12:00am
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