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Print - 2005-11-08
KKI closing rates of currency notes

KKI closing rates of currency notes

Khanani & Kalia International (Pvt) Limited Closing Rates of currency notes on Monday (November 07, 2005).

Published 08 Nov, 2005 12:00am
Passports issued to Nawaz, 15 family members

Passports issued to Nawaz, 15 family members

The Pakistan Consul General at Jeddah on Monday issued passports to former prime minister Nawaz Sharif and 15 members of his family, well-placed sources said.
Published 08 Nov, 2005 12:00am
World currencies and euro

World currencies and euro

Value of the euro in terms of other world currencies as prevailing in the week ended Monday (November 07, 2005).
Published 08 Nov, 2005 12:00am
Minister hails oil firms contribution in relief fund

Minister hails oil firms contribution in relief fund

Minister for Petroleum and Natural Resources, Amanullah Khan Jadoon has hailed the oil and gas public and private sector companies in the country for generous contribution of Rs 527 million and $1.1 million towards President's Relief Fund for the quake vi
Published 08 Nov, 2005 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Monday (November 07, 2005).

Published 08 Nov, 2005 12:00am
'Donors' conference may generate enough funds'

'Donors' conference may generate enough funds'

Pakistan on Monday expressed hope that the International Donors Conference would generate adequate financial resources to undertake the rehabilitation and reconstruction of the areas ravaged by the October 8 killer earthquake.
Published 08 Nov, 2005 12:00am
BMA-PGBI Closing Bell

BMA-PGBI Closing Bell

Yields on the BMA-PGBI remained stable and its value increased by 0.02% to close at 99.4265. The yield to maturities for the short and long tenors decreased by 1 basis point, while the medium tenors saw an increase in yield by 1 basis point. The decline i
Published 08 Nov, 2005 12:00am
PML, allied parties to meet on November 11

PML, allied parties to meet on November 11

A Parliamentary party meeting of the Pakistan Muslim League (PML) and its allied political parties in the Senate is scheduled on November 11 at 2:15 pm in Committee Room No 2, Parliament House.
Published 08 Nov, 2005 12:00am
BMA-PGBI Closing Bell

BMA-PGBI Closing Bell

Yields on the BMA-PGBI remained stable and its value increased by 0.02% to close at 99.4265. The yield to maturities for the short and long tenors decreased by 1 basis point, while the medium tenors saw an increase in yield by 1 basis point. The decline i
Published 08 Nov, 2005 12:00am
National Assembly session summoned today

National Assembly session summoned today

In order to meet the mandatory requirement of 130 days' sitting in a parliamentary year, the National Assembly will meet for the 29th session on Tuesday. President General Pervez Musharraf on Monday summoned the Assembly session under Article-54 (1) of th
Published 08 Nov, 2005 12:00am
BMA-PGBI Closing Bell

BMA-PGBI Closing Bell

Yields on the BMA-PGBI remained stable and its value increased by 0.02% to close at 99.4265. The yield to maturities for the short and long tenors decreased by 1 basis point, while the medium tenors saw an increase in yield by 1 basis point. The decline i
Published 08 Nov, 2005 12:00am
Supply of artificial limbs high priority: Shaukat

Supply of artificial limbs high priority: Shaukat

Prime Minister Shaukat Aziz on Monday said provision of artificial limbs, psychological counselling, care of orphans and single parents was a high priority with the government and an action plan in this regard was in the offing.
Published 08 Nov, 2005 12:00am
Donors submit initial draft of quake damages

Donors submit initial draft of quake damages

International donors on Monday submitted the initial draft of their report on earthquake damage and money required for relief, rehabilitation and reconstruction phases. The report was submitted to the adviser to Prime Minister on Finance, Revenue, Economi
Published 08 Nov, 2005 12:00am
Export finance scheme to be revised

Export finance scheme to be revised

The State Bank of Pakistan (SBP) intends to revise the Export Finance Scheme (EFS) to increase the scope and coverage of the scheme. The new EFS would reduce the tiresome document requirements and at the same time would take along the manufacturing sector
Published 08 Nov, 2005 12:00am
Export finance scheme to be revised

Export finance scheme to be revised

The State Bank of Pakistan (SBP) intends to revise the Export Finance Scheme (EFS) to increase the scope and coverage of the scheme. The new EFS would reduce the tiresome document requirements and at the same time would take along the manufacturing sector
Published 08 Nov, 2005 12:00am
Export finance scheme to be revised

Export finance scheme to be revised

The State Bank of Pakistan (SBP) intends to revise the Export Finance Scheme (EFS) to increase the scope and coverage of the scheme. The new EFS would reduce the tiresome document requirements and at the same time would take along the manufacturing sector
Published 08 Nov, 2005 12:00am
Bank holiday

Bank holiday

The State Bank of Pakistan (SBP) and all offices of SBP Banking Services Corporation, including the public debt offices will remain closed on Wednesday, November 9, 2005 being a public holiday declared by the Government of Pakistan on account of Iqbal Day
Published 08 Nov, 2005 12:00am
Bank holiday

Bank holiday

The State Bank of Pakistan (SBP) and all offices of SBP Banking Services Corporation, including the public debt offices will remain closed on Wednesday, November 9, 2005 being a public holiday declared by the Government of Pakistan on account of Iqbal Day
Published 08 Nov, 2005 12:00am
Bank holiday

Bank holiday

The State Bank of Pakistan (SBP) and all offices of SBP Banking Services Corporation, including the public debt offices will remain closed on Wednesday, November 9, 2005 being a public holiday declared by the Government of Pakistan on account of Iqbal Day
Published 08 Nov, 2005 12:00am
Hong Kong strengthens SCRA in Pakistan by over $1 million

Hong Kong strengthens SCRA in Pakistan by over $1 million

Hong Kong has strengthened its Special Convertible Rupee Account (SCRA) in Pakistan by over $1 million in November so far. By November 1, 2005, Hong Kong had $23.5 million strong SCRA which was the third largest after USA and UK who had $120 million and $
Published 08 Nov, 2005 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Monday (November 07, 2005).

Published 08 Nov, 2005 12:00am
Hong Kong strengthens SCRA in Pakistan by over $1 million

Hong Kong strengthens SCRA in Pakistan by over $1 million

Hong Kong has strengthened its Special Convertible Rupee Account (SCRA) in Pakistan by over $1 million in November so far. By November 1, 2005, Hong Kong had $23.5 million strong SCRA which was the third largest after USA and UK who had $120 million and $
Published 08 Nov, 2005 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Monday (November 07, 2005).
Published 08 Nov, 2005 12:00am
Hong Kong strengthens SCRA in Pakistan by over $1 million

Hong Kong strengthens SCRA in Pakistan by over $1 million

Hong Kong has strengthened its Special Convertible Rupee Account (SCRA) in Pakistan by over $1 million in November so far. By November 1, 2005, Hong Kong had $23.5 million strong SCRA which was the third largest after USA and UK who had $120 million and $
Published 08 Nov, 2005 12:00am
PTCL rumours push up KSE index

PTCL rumours push up KSE index

The share market on the first day after Eid holidays posted appreciable gains on corporate results announced last week and on rumours that different options were discussed in Islamabad to achieve financial close of PTCL sell-off.
Published 08 Nov, 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 (November 07, 2005).

Published 08 Nov, 2005 12:00am
PTCL rumours push up KSE index

PTCL rumours push up KSE index

The share market on the first day after Eid holidays posted appreciable gains on corporate results announced last week and on rumours that different options were discussed in Islamabad to achieve financial close of PTCL sell-off.
Published 08 Nov, 2005 12:00am
PTCL rumours push up KSE index

PTCL rumours push up KSE index

The share market on the first day after Eid holidays posted appreciable gains on corporate results announced last week and on rumours that different options were discussed in Islamabad to achieve financial close of PTCL sell-off.
Published 08 Nov, 2005 12:00am
CBR starts checking income tax returns

CBR starts checking income tax returns

The Central Board of Revenue (CBR) has started checking income tax returns filed for the 'tax year 2005' to update record of taxpayers at the Data Entry Centre, Islamabad.
Published 08 Nov, 2005 12:00am
Natwar stands down over Iraq report

Natwar stands down over Iraq report

India's foreign minister stood aside on Monday amid a growing political storm after he was named in an independent report into irregularities in the United Nations' oil-for-food programme for Iraq.
Published 08 Nov, 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 (November 07, 2005).

Published 08 Nov, 2005 12:00am
Natwar stands down over Iraq report

Natwar stands down over Iraq report

India's foreign minister stood aside on Monday amid a growing political storm after he was named in an independent report into irregularities in the United Nations' oil-for-food programme for Iraq.
Published 08 Nov, 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 (November 07, 2005).

Published 08 Nov, 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 (November 07, 2005).

Published 08 Nov, 2005 12:00am
36 insurgents killed in Iraq offensive

36 insurgents killed in Iraq offensive

At least one US marine and 36 suspected rebels were reported killed on Monday during fighting in a town near the border with Syria, part of an operation aimed at shattering al Qaeda in Iraq ahead of the December general elections.
Published 08 Nov, 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 08 Nov, 2005 12:00am
70 missing in Bangladesh ferry disaster

70 missing in Bangladesh ferry disaster

At least 70 people were missing after a ferry capsized in the Bay of Bengal on Monday while sailing to Chittagong port in Bangladesh from a nearby island, police said.
Published 08 Nov, 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 08 Nov, 2005 12:00am
Karachi Port workers protest outsourcing

Karachi Port workers protest outsourcing

The arrivals and sailing''s on Monday remained suspended for 14 hours at Karachi Port due to strike of workers protesting against outsourcing of mooring and unmooring of vessels. Sailings of three ships, same number of arrivals and shifting of two ships w
Published 08 Nov, 2005 12:00am
Karachi Port workers protest outsourcing

Karachi Port workers protest outsourcing

The arrivals and sailing's on Monday remained suspended for 14 hours at Karachi Port due to strike of workers protesting against outsourcing of mooring and unmooring of vessels. Sailings of three ships, same number of arrivals and shifting of two ships we
Published 08 Nov, 2005 12:00am
Karachi Port workers protest outsourcing

Karachi Port workers protest outsourcing

The arrivals and sailing's on Monday remained suspended for 14 hours at Karachi Port due to strike of workers protesting against outsourcing of mooring and unmooring of vessels. Sailings of three ships, same number of arrivals and shifting of two ships we
Published 08 Nov, 2005 12:00am
Holiday on November 9

Holiday on November 9

The government of Sindh has declared November 9 as a holiday throughout the province on the occasion of Iqbal Day. An announcement to this effect was made in a statement issued here on Monday.
Published 08 Nov, 2005 12:00am
Pakistan and India open LoC

Pakistan and India open LoC

Pakistan and India opened a crossing on 'line of control' (LoC) on Monday to help earthquake survivors, but the historic move was quickly beset by trouble when Pakistan's villagers were turned back on their side by police firing teargas.
Published 08 Nov, 2005 12:00am
Expatriate students urged to help quake victims

Expatriate students urged to help quake victims

Dr Pirzada Qasim, Vice Chancellor of the University of Karachi has urged the Pakistani students, now in the foreign countries, to come forward to help the suffering millions of their country.
Published 08 Nov, 2005 12:00am
Pakistan and India open LoC

Pakistan and India open LoC

Pakistan and India opened a crossing on 'line of control' (LoC) on Monday to help earthquake survivors, but the historic move was quickly beset by trouble when Pakistan's villagers were turned back on their side by police firing teargas.
Published 08 Nov, 2005 12:00am
Karachi University alumni asked to support quake victims

Karachi University alumni asked to support quake victims

Karachi University Vice-Chancellor, Professor Dr Pirzada Qasim Raza Siddiqui, referring to the appeal of President General Pervez Musharraf, has asked the alumni of the institution now settled abroad to come forward for support of their disaster-affected
Published 08 Nov, 2005 12:00am
Rs 20 billion earmarked for quake survivors

Rs 20 billion earmarked for quake survivors

The government on Monday decided to earmark Rs 20 billion as compensation for quake victims. The decision was taken at a top-level meeting chaired by President General Pervez Musharraf and attended by Prime Minister Shaukat Aziz and other senior officials
Published 08 Nov, 2005 12:00am
HRCP demands transparency in compensation distribution

HRCP demands transparency in compensation distribution

Former law minister and Human Rights Commission of Pakistan (HRCP) Secretary General Iqbal Haider has expressed serious concern at the rehabilitation and reconstruction activities while demanding transparency in the distribution of compensation in the qua
Published 08 Nov, 2005 12:00am
Rs 20 billion earmarked for quake survivors

Rs 20 billion earmarked for quake survivors

The government on Monday decided to earmark Rs 20 billion as compensation for quake victims. The decision was taken at a top-level meeting chaired by President General Pervez Musharraf and attended by Prime Minister Shaukat Aziz and other senior officials
Published 08 Nov, 2005 12:00am
IFRC help sought in artificial limb technology

IFRC help sought in artificial limb technology

Pakistan on Monday sought assistance from the International Federation of Red Cross (IFRC) and Red Crescent Societies in artificial limbs technology for thousands of injured, who had to undergo amputations after the October 8 earthquake.
Published 08 Nov, 2005 12:00am
Hafeez renews talks process with Etisalat in UAE today

Hafeez renews talks process with Etisalat in UAE today

In an informal meeting, the Privatisation Board endorsed the Privatisation Commission''s renewed talks with Etisalat, of the UAE, for the PTCL deal and gave its mandate to take the process to logical conclusion.
Published 08 Nov, 2005 12:00am
ICRC to increase aid for quake victims

ICRC to increase aid for quake victims

Swiss-run International Committee of the Red Cross (ICRC) President Jakob Kellenberger has pledged to increase aid supplies to 200,000 people in earthquake-stricken areas of Pakistan.
Published 08 Nov, 2005 12:00am
Hafeez renews talks process with Etisalat in UAE today

Hafeez renews talks process with Etisalat in UAE today

In an informal meeting, the Privatisation Board endorsed the Privatisation Commission's renewed talks with Etisalat, of the UAE, for the PTCL deal and gave its mandate to take the process to logical conclusion.
Published 08 Nov, 2005 12:00am
Data on quake survivors with skin diseases being collected

Data on quake survivors with skin diseases being collected

A team of skin specialists visited Balakot and Muzaffarabad to collect data on the survivors of October 8 quake suffering from different skin-related diseases. A dermatologist and Association of Bangkok Alumni of Dermatology (Abad) Pakistan President Dr J
Published 08 Nov, 2005 12:00am
Hafeez renews talks process with Etisalat in UAE today

Hafeez renews talks process with Etisalat in UAE today

In an informal meeting, the Privatisation Board endorsed the Privatisation Commission's renewed talks with Etisalat, of the UAE, for the PTCL deal and gave its mandate to take the process to logical conclusion.
Published 08 Nov, 2005 12:00am
US doctors to provide medical care in Shinkiari

US doctors to provide medical care in Shinkiari

Doctors, nurses, and support personnel from elements of the Third Marine Logistics Group will move to Shinkiari on Tuesday to begin providing medical care to earthquake survivors of the October 8 earthquake.
Published 08 Nov, 2005 12:00am
Quake-hit areas to resume educational activities soon

Quake-hit areas to resume educational activities soon

The educational activities in the educational institutions in the earthquake-hit areas of Azad Jammu & Kashmir will be resumed soon under a phased programme, official sources said.
Published 08 Nov, 2005 12:00am
FCS to provide financial help to boat victims

FCS to provide financial help to boat victims

Fishermen's Co-operative Society (FCS) will provide financial assistance to the families of Keti Bandar boat incident victims. According to FCS here on Monday, the FCS managing committee member, Haji Shafi Jamote, announced this during the condolence meet
Published 08 Nov, 2005 12:00am
Samsung announces $500,000 donation

Samsung announces $500,000 donation

The Samsung Electronics, the digital and electronics appliances manufacturing company, has announced a contribution of $500,000 to alleviate the sufferings of the victims of the earthquake and towards the President's Relief Fund.
Published 08 Nov, 2005 12:00am
Work on LCCI tent city to start soon

Work on LCCI tent city to start soon

Work on setting up a "tent city" by the Lahore Chamber of Commerce and Industry (LCCI) to help the earthquake victims will hopefully start in two days.
Published 08 Nov, 2005 12:00am
Tabba Group contributes to President Relief Fund

Tabba Group contributes to President Relief Fund

Dr Abdul Hafeez Shaikh, Federal Minister for Privatisation & Investment, received cheques worth Rs 10,794,572 for the President's Relief Fund from Muhammad Sohail Tabba of Yunus Brothers Group of Industries here on Monday.
Published 08 Nov, 2005 12:00am
Oil cake market rates

Oil cake market rates

Upward trend was seen on the forward cottonseed oilcake market on Monday amid thin business, dealers said. The December vaida commenced unchanged at Rs 437.60.
Published 08 Nov, 2005 12:00am
Lacklustre business on cotton market after Eid

Lacklustre business on cotton market after Eid

Lacklustre trading was seen on the cotton market on Monday where almost all participants were busy in exchanging Eid greetings, dealers said. The official spot rate was unchanged at Rs 2350, without upcountry expenses. Cotton Sindh type was trading at Rs
Published 08 Nov, 2005 12:00am
Ukraine sunoil exports fall to 40,600 tonnes in August

Ukraine sunoil exports fall to 40,600 tonnes in August

Ukraine cut its crude sunflower oil exports to 40,600 tonnes in August 2005 from 44,900 in July, analysts said on Monday. ProAgro agriculture constancy said exports included 9,800 tonnes sold to Britain, 8,100 to Russia, 5,700 to Switzerland, 3,600 to Ita
Published 08 Nov, 2005 12:00am
German grain offers reach 704,000 tonnes

German grain offers reach 704,000 tonnes

A total of 704,000 tonnes of German grain has been offered into intervention since the new European Union purchasing season started on November 1, officials at German agricultural agency BLE said on Monday.
Published 08 Nov, 2005 12:00am
Indian firms keen on Posco's mini-mill

Indian firms keen on Posco's mini-mill

Posco, the world's fifth-largest steel maker, may sell one of its two mini-mills to India as it shifts focus to high-end steel production, an official from the South Korean steel company said on Monday.
Published 08 Nov, 2005 12:00am
Low price threatens to slow Ivorian cocoa purchases

Low price threatens to slow Ivorian cocoa purchases

Ivory Coast's cocoa farmers may hold beans back from the market if farmgate prices continue to fall on healthy crop forecasts and relative calm in the world's top cocoa grower, industry sources said on Monday.
Published 08 Nov, 2005 12:00am
US Midwest corn and soyabean basis firmer

US Midwest corn and soyabean basis firmer

Soybean basis bids continued to rise in the US Midwest on Monday and spot corn bids were steady to firmer, reflecting slow farmer sales, grain dealers said.
Published 08 Nov, 2005 12:00am
De Beers in Namibia sees future in the sea

De Beers in Namibia sees future in the sea

Namibia's biggest diamond producer Namdeb is gearing up to expand output of gems from the seabed, which this year will overtake production from increasingly lower-grade land mines, a top official said.
Published 08 Nov, 2005 12:00am
China sells 40,000 tonnes copper futures

China sells 40,000 tonnes copper futures

China's State Reserves Bureau is believed to have sold 40,000 tonnes of copper on the Shanghai Futures Exchange, dealers said on Monday.
Published 08 Nov, 2005 12:00am
Romania reaps 9.06 million tonnes maize

Romania reaps 9.06 million tonnes maize

Romania has reaped 9.057 million tonnes of maize from 90 percent of 2.7 million hectare so far, Agriculture Ministry data quoted by state news agency Rompres showed on Monday.
Published 08 Nov, 2005 12:00am
HRW wheat bids steady to firmer

HRW wheat bids steady to firmer

Spot basis values for hard red winter wheat were steady to firmer on Monday, with some spot demand seen propping up prices, merchants said.
Published 08 Nov, 2005 12:00am
CIF Gulf corn and soya steady, freight holds

CIF Gulf corn and soya steady, freight holds

US CIF Gulf corn and soyabean basis values were mostly steady on Monday, with traders keeping an eye on low water on the lower Mississippi River.
Published 08 Nov, 2005 12:00am
Singapore bunker fuel prices fall

Singapore bunker fuel prices fall

Singapore bunker prices were lower on Monday but bunker premiums held steady at above $6 a tonne amid thin activity, traders said.
Published 08 Nov, 2005 12:00am
Cosco profit soars on ship repairs

Cosco profit soars on ship repairs

Cosco Corp, a bulk shipping and ship repair company controlled by China's biggest shipping firm, on Monday posted a fivefold jump in quarterly profits boosted by its fast-growing repair and conversion business.
Published 08 Nov, 2005 12:00am
Cosco profit soars on ship repairs

Cosco profit soars on ship repairs

Cosco Corp, a bulk shipping and ship repair company controlled by China's biggest shipping firm, on Monday posted a fivefold jump in quarterly profits boosted by its fast-growing repair and conversion business.
Published 08 Nov, 2005 12:00am
Argentine wheat sales rise

Argentine wheat sales rise

Argentine export commitments of 2004/05 wheat rose to 11.03 million tonnes by November 4, up from 10.83 million tonnes a week earlier, the Agriculture Secretariat said on Monday.
Published 08 Nov, 2005 12:00am
Listless trading amid post-Eid session

Listless trading amid post-Eid session

Post-holiday session observed listless trading on the grain market on Monday as most of the commodities maintained their last levels as market players were exchanging Eid greetings, dealers said.
Published 08 Nov, 2005 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 85,426 tonnes of cargo including 79,069 tonnes import and 6,357 tonnes export cargo including 749 containers during last 24 hours ending at 0700 hours on Monday.
Published 08 Nov, 2005 12:00am
Assam to honour descendants of Scottish tea pioneers

Assam to honour descendants of Scottish tea pioneers

India's north-eastern state of Assam has begun a search to find descendants of two Scottish brothers to commemorate their discovery of wild tea bushes more than 180 years ago.
Published 08 Nov, 2005 12:00am
Tokyo gold inches down on New York decline

Tokyo gold inches down on New York decline

Tokyo gold futures eased on Monday, pressured by the metal's decline in New York late last week, with additional impetus to sell provided by the yen's slight recovery against the US dollar.
Published 08 Nov, 2005 12:00am
Asian gold steady after New York tumble amid firm dollar

Asian gold steady after New York tumble amid firm dollar

Gold traded steady in Asia on Monday on modest support among Australian mining houses, though that sentiment could evaporate as the dollar shows signs of rising further against the euro and other currencies.
Published 08 Nov, 2005 12:00am
Malaysian tin up

Malaysian tin up

Malaysian tin rebounded to end sharply higher on Monday, spurred by strong Japanese buying following a long holiday break, dealers said.
Published 08 Nov, 2005 12:00am