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Print - 2005-12-15
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Wednesday (December 14, 2005).

Published 15 Dec, 2005 12:00am
Government urged to stop Ogra from raising gas tariff

Government urged to stop Ogra from raising gas tariff

The President of Karachi Chamber of Commerce and Industry (KCCI), Haroon Farooki, has expressed feared that industries in general and textile industry in particular might go out of production in the country if the Oil and Gas Regulatory Authority (Ogra) a
Published 15 Dec, 2005 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Wednesday (December 14, 2005).

Published 15 Dec, 2005 12:00am
Audit under USA: FTO endorses LTU decision

Audit under USA: FTO endorses LTU decision

The Federal Tax Ombudsman (FTO) has endorsed the decision of Large Taxpayer Unit (LTU), Karachi, to select a case for audit for the 'tax year 2004' on the basis of several parameters, including investigation of unexplained investment.
Published 15 Dec, 2005 12:00am
NJLI Managed Growth Fund Rates

NJLI Managed Growth Fund Rates

New Jubilee Life Insurance Managed Growth Fund Rates on Wednesday (December 14, 2005).

Published 15 Dec, 2005 12:00am
Greek minister dismisses Pakistani abduction claims

Greek minister dismisses Pakistani abduction claims

The Greek public order minister on Wednesday strongly denied claims that a number of Pakistani immigrants were abducted and interrogated in Athens after the July bomb attacks in London, arguing that the whole affair was a "big misunderstanding".
Published 15 Dec, 2005 12:00am
NJLI Managed Growth Fund Rates

NJLI Managed Growth Fund Rates

New Jubilee Life Insurance Managed Growth Fund Rates on Wednesday (December 14, 2005).

Published 15 Dec, 2005 12:00am
EoIs invited for Afghan embassy project

EoIs invited for Afghan embassy project

The Islamic Republic of Afghanistan Embassy in Islamabad has invited Expressions of Interest (EoIs) for the Afghan Embassy project in Islamabad. The project area of the Afghan Embassy here is 4,840 square yards.
Published 15 Dec, 2005 12:00am
NJLI Managed Growth Fund Rates

NJLI Managed Growth Fund Rates

New Jubilee Life Insurance Managed Growth Fund Rates on Wednesday (December 14, 2005).

Published 15 Dec, 2005 12:00am
Palestinian envoy calls on Kasuri

Palestinian envoy calls on Kasuri

Ambassador of Palestine and Dean of Diplomatic Corps, Ahmed A. Razzaq El-Salman, who is leaving after a twenty-year stay in Pakistan, called on Foreign Minister Kasuri at the Foreign Office on Wednesday.
Published 15 Dec, 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 (December 14, 2005).

Published 15 Dec, 2005 12:00am
Eight killed in Indian occupied Kashmir

Eight killed in Indian occupied Kashmir

Indian occupation troops on Wednesday gunned down eight freedom fighters, including a senior commander, in three shootouts in occupied Kashmir, an army official said.
Published 15 Dec, 2005 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Wednesday (December 14, 2005).

Published 15 Dec, 2005 12:00am
PTCL unions threaten nationwide protest campaign

PTCL unions threaten nationwide protest campaign

The Pakistan Telecommunication Company Limited (PTCL) Unions Action Committee has accused the company's management of violation of its commitments to the workers and warned of launching a fresh countrywide protest campaign, Rana Maqbool Ahmed, a senior me
Published 15 Dec, 2005 12:00am
ISE turns bearish

ISE turns bearish

Bearish trend was observed at the Islamabad Stock Exchange (ISE) where selling-pressure intensified in hot favourite amid decrease in index. ISE network index was down by 92.62 points as the rate-based indicator moved from 12,760.07 to 12,667.45 points.
Published 15 Dec, 2005 12:00am
BMA-PGBI Closing Bell

BMA-PGBI Closing Bell

Yield on the BMA-PGBI decreased and its value rose by 0.11% to close at 100.3541. The yields to maturities fell by 0 - 2 basis points the in short tenors, whereas they decreased by 2 - 4 basis points in the medium tenors. Yields in the long tenors fell b
Published 15 Dec, 2005 12:00am
ISE turns bearish

ISE turns bearish

Bearish trend was observed at the Islamabad Stock Exchange (ISE) where selling-pressure intensified in hot favourite amid decrease in index. ISE network index was down by 92.62 points as the rate-based indicator moved from 12,760.07 to 12,667.45 points.
Published 15 Dec, 2005 12:00am
BMA-PGBI Closing Bell

BMA-PGBI Closing Bell

Yield on the BMA-PGBI decreased and its value rose by 0.11% to close at 100.3541. The yields to maturities fell by 0 - 2 basis points the in short tenors, whereas they decreased by 2 - 4 basis points in the medium tenors. Yields in the long tenors fell b
Published 15 Dec, 2005 12:00am
Share prices end weak on LSE

Share prices end weak on LSE

Share prices ended weak on Lahore Stock Exchange (LSE) following selling pressure, mostly in petroleum and cement stocks, which forced the index down by 1.28 percent.
Published 15 Dec, 2005 12:00am
BMA-PGBI Closing Bell

BMA-PGBI Closing Bell

Yield on the BMA-PGBI decreased and its value rose by 0.11% to close at 100.3541. The yields to maturities fell by 0 - 2 basis points the in short tenors, whereas they decreased by 2 - 4 basis points in the medium tenors. Yields in the long tenors fell b
Published 15 Dec, 2005 12:00am
Share prices end weak on LSE

Share prices end weak on LSE

Share prices ended weak on Lahore Stock Exchange (LSE) following selling pressure, mostly in petroleum and cement stocks, which forced the index down by 1.28 percent.
Published 15 Dec, 2005 12:00am
Pakistan backs Iran-EU dialogue on nuclear row

Pakistan backs Iran-EU dialogue on nuclear row

Pakistan on Wednesday reiterated its support to the Iran-EU dialogue to resolve the row over Tehran's nuclear issue. Talking to visiting Iranian foreign minister Manouchehr Mottaki, Foreign Minister Khurshid M. Kasuri expressed the hope that dialogue woul
Published 15 Dec, 2005 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Wednesday (December 14, 2005).

Published 15 Dec, 2005 12:00am
Massive correction sets in on KSE

Massive correction sets in on KSE

The much-awaited correction was witnessed on Karachi Stock Exchange on Wednesday as several scrips had entered the overbought zone, but some banks still registered upward movement on expectations of healthy results for the year ending on December 31, 2005
Published 15 Dec, 2005 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Wednesday (December 14, 2005).
Published 15 Dec, 2005 12:00am
Massive correction sets in on KSE

Massive correction sets in on KSE

The much-awaited correction was witnessed on Karachi Stock Exchange on Wednesday as several scrips had entered the overbought zone, but some banks still registered upward movement on expectations of healthy results for the year ending on December 31, 2005
Published 15 Dec, 2005 12:00am
Massive correction sets in on KSE

Massive correction sets in on KSE

The much-awaited correction was witnessed on Karachi Stock Exchange on Wednesday as several scrips had entered the overbought zone, but some banks still registered upward movement on expectations of healthy results for the year ending on December 31, 2005
Published 15 Dec, 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 (December 14, 2005).

Published 15 Dec, 2005 12:00am
Pakistan joins ''Cairn group''

Pakistan joins ''Cairn group''

A new group of 10 countries has emerged within the Non-Agriculture Market Access (Nama) with the name of ''Core Group,'' which is linking progress level with agriculture sector at the organisation level.
Published 15 Dec, 2005 12:00am
Pakistan joins 'Cairn group'

Pakistan joins 'Cairn group'

A new group of 10 countries has emerged within the Non-Agriculture Market Access (Nama) with the name of 'Core Group,' which is linking progress level with agriculture sector at the organisation level.
Published 15 Dec, 2005 12:00am
Pakistan joins 'Cairn group'

Pakistan joins 'Cairn group'

A new group of 10 countries has emerged within the Non-Agriculture Market Access (Nama) with the name of 'Core Group,' which is linking progress level with agriculture sector at the organisation level.
Published 15 Dec, 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 (December 14, 2005).

Published 15 Dec, 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 (December 14, 2005).

Published 15 Dec, 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 (December 14, 2005).

Published 15 Dec, 2005 12:00am
Pakistan asks rich nations to end biased policies

Pakistan asks rich nations to end biased policies

Commerce Minister Humayun Akhtar here on Wednesday called on the rich nations to end the discriminatory policies, which according to him are hurting exporters of developing countries.
Published 15 Dec, 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 15 Dec, 2005 12:00am
Pakistan asks rich nations to end biased policies

Pakistan asks rich nations to end biased policies

Commerce Minister Humayun Akhtar here on Wednesday called on the rich nations to end the discriminatory policies, which according to him are hurting exporters of developing countries.
Published 15 Dec, 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 15 Dec, 2005 12:00am
Pakistan asks rich nations to end biased policies

Pakistan asks rich nations to end biased policies

Commerce Minister Humayun Akhtar here on Wednesday called on the rich nations to end the discriminatory policies, which according to him are hurting exporters of developing countries.
Published 15 Dec, 2005 12:00am
Turkish relief ship arrives

Turkish relief ship arrives

The second ship carrying 18,000 tons of flour, 160,000 blankets and 250 tons of sugar donated by Turkish government, arrived here on Wednesday. The Sindh Government has designated EDO Enterprise Raisuddin Paracha to transport the Turkish relief goods to R
Published 15 Dec, 2005 12:00am
Pakistan's exports registered high growth rate: IMF official

Pakistan's exports registered high growth rate: IMF official

Anne O Krueger, First Deputy Managing Director, IMF, on Wednesday said in Pakistan exports have grown at an annual rate of nearly 10 percent since 1970, with exports as a percentage of GDP almost tripling, to more than 20 percent between 1970 and 2003.
Published 15 Dec, 2005 12:00am
LPG dealers asked to take safety measures

LPG dealers asked to take safety measures

The DCO, Multan Iftikhar Babur has decided to enforce laws regarding sale of LPG strictly and warned the dealers to take safety measures according to the law.
Published 15 Dec, 2005 12:00am
WEG first Pakistani NGO to go global

WEG first Pakistani NGO to go global

Women's Empowerment Group (WEG) is the first Pakistani NGO which goes global after its registration as a charity in England and Wales. The wife of British Prime Minister, Cherie Blair, was the chief guest at the launch of WEG.
Published 15 Dec, 2005 12:00am
A Friendly Investor

A Friendly Investor

That world steel industry has moved into a new reality of ongoing consolidation and globalization is no longer in doubt as major international steelmakers are looking ever more closely at acquisitions in many countries that might have been seen as relativ
Published 15 Dec, 2005 12:00am
Quake rebuilding: senior Bush made UN representative

Quake rebuilding: senior Bush made UN representative

United Nations on Wednesday appointed former US president George Bush as its representative to oversee rehabilitation and resettlement of Pakistan's quake victims, according to a private TV channel.
Published 15 Dec, 2005 12:00am
ONIC sees French soft wheat area up

ONIC sees French soft wheat area up

French cereals office ONIC on Wednesday said it expected the country's soft wheat area (spring and winter) to rise by 0.5 percent in 2006 to 4.89 million hectares.
Published 15 Dec, 2005 12:00am
Quake rebuilding: senior Bush made UN representative

Quake rebuilding: senior Bush made UN representative

United Nations on Wednesday appointed former US president George Bush as its representative to oversee rehabilitation and resettlement of Pakistan's quake victims, according to a private TV channel.
Published 15 Dec, 2005 12:00am
Singapore bunker fuel premiums up

Singapore bunker fuel premiums up

Singapore bunker premiums, the difference between cargo and delivered prices, edged up on Wednesday, despite sliding cargo values, as suppliers started cautiously offering into the spot market.
Published 15 Dec, 2005 12:00am
30 schemes worth over Rs 183 billion approved

30 schemes worth over Rs 183 billion approved

The Executive Committee of National Economic Council (Ecnec) on Wednesday made the declaration of expenditures mandatory for developmental and non-developmental projects to ensure transparency and good governance at all levels. Prime Minister Shaukat Aziz
Published 15 Dec, 2005 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 128,233 tonnes of cargo including 108,451 tonnes import and 19,782 tonnes export cargo including 4,031 containers during last 24 hours ending at 0700 hours on Wednesday.
Published 15 Dec, 2005 12:00am
30 schemes worth over Rs 183 billion approved

30 schemes worth over Rs 183 billion approved

The Executive Committee of National Economic Council (Ecnec) on Wednesday made the declaration of expenditures mandatory for developmental and non-developmental projects to ensure transparency and good governance at all levels. Prime Minister Shaukat Aziz
Published 15 Dec, 2005 12:00am
Corn closes firm, rally in soya supports

Corn closes firm, rally in soya supports

Chicago Board of Trade corn futures closed about a penny higher across the board on Tuesday, turning firm late as soybeans rallied, traders said.
Published 15 Dec, 2005 12:00am
30 schemes worth over Rs 183 billion approved

30 schemes worth over Rs 183 billion approved

The Executive Committee of National Economic Council (Ecnec) on Wednesday made the declaration of expenditures mandatory for developmental and non-developmental projects to ensure transparency and good governance at all levels. Prime Minister Shaukat Aziz
Published 15 Dec, 2005 12:00am
Rockets fired

Rockets fired

Eight rockets slammed into a remote town in Balochistan on Wednesday, coinciding with a visit of President General Pervez Musharraf to the region which is troubled by a sporadic tribal insurgency.
Published 15 Dec, 2005 12:00am
Honduras sees coffee output up 50 percent in 5 years

Honduras sees coffee output up 50 percent in 5 years

Honduras can boost coffee output by up to 50 percent in the next five years by training small farmers in more productive tree care and fertilisation methods, authorities said on Tuesday.
Published 15 Dec, 2005 12:00am
Rockets fired

Rockets fired

Eight rockets slammed into a remote town in Balochistan on Wednesday, coinciding with a visit of President General Pervez Musharraf to the region which is troubled by a sporadic tribal insurgency.
Published 15 Dec, 2005 12:00am
US Midwest corn higher, soyabean mixed

US Midwest corn higher, soyabean mixed

Corn basis bids were mostly higher across the US Midwest on Wednesday amid generally slow farmer selling, while soyabeans were mixed, traders said.
Published 15 Dec, 2005 12:00am
Process of progress can''t be deterred: Musharraf

Process of progress can''t be deterred: Musharraf

President General Pervez Musharraf on Wednesday vowed consistent focus on development of remote areas and saboteurs and said that anti-development elements cannot deter the process of socio-economic progress, as the masses want to move forward.
Published 15 Dec, 2005 12:00am
Process of progress can't be deterred: Musharraf

Process of progress can't be deterred: Musharraf

President General Pervez Musharraf on Wednesday vowed consistent focus on development of remote areas and saboteurs and said that anti-development elements cannot deter the process of socio-economic progress, as the masses want to move forward.
Published 15 Dec, 2005 12:00am
Brazilian cocoa arrivals rise 28 percent

Brazilian cocoa arrivals rise 28 percent

Brazil's 2005/06 (May/April) cocoa arrivals from Bahia and other states totalled 2.92 million 60-kg bags by December 11, up 28 percent from 2.28 million a year ago, the Bahia Commercial Association said.
Published 15 Dec, 2005 12:00am
Process of progress can't be deterred: Musharraf

Process of progress can't be deterred: Musharraf

President General Pervez Musharraf on Wednesday vowed consistent focus on development of remote areas and saboteurs and said that anti-development elements cannot deter the process of socio-economic progress, as the masses want to move forward.
Published 15 Dec, 2005 12:00am
CBOT wheat futures higher on fund buying

CBOT wheat futures higher on fund buying

Wheat futures on the Chicago Board of Trade closed higher on Tuesday after trading both sides, buoyed by a late surge in CBOT soyabeans and broad-based fund buying in commodities, traders said.
Published 15 Dec, 2005 12:00am
Cement prices reduced

Cement prices reduced

Cement manufacturers have reduced the prices by Rs 25-30 per 50-kg bag. All Pakistan Cement Manufacturer Association Chairman Tariq Saigol talking to a private TV channel said the new price was fixed at Rs 270-280 per bag.
Published 15 Dec, 2005 12:00am
FOB Gulf soyabean lower, corn higher

FOB Gulf soyabean lower, corn higher

US FOB Gulf soyabean basis offers were lower on Tuesday in line with declines in the CIF market amid ample supplies, while corn was steady to higher.
Published 15 Dec, 2005 12:00am
Cement prices reduced

Cement prices reduced

Cement manufacturers have reduced the prices by Rs 25-30 per 50-kg bag. All Pakistan Cement Manufacturer Association Chairman Tariq Saigol talking to a private TV channel said the new price was fixed at Rs 270-280 per bag.
Published 15 Dec, 2005 12:00am
Oil cake market rates

Oil cake market rates

Upward trend was seen on the forward cottonseed oilcake market on Wednesday as buyers were active on short crop news, dealers said. The December vaida is near to mature, showing no change for the day, dealers said.
Published 15 Dec, 2005 12:00am
Cement prices reduced

Cement prices reduced

Cement manufacturers have reduced the prices by Rs 25-30 per 50-kg bag. All Pakistan Cement Manufacturer Association Chairman Tariq Saigol talking to a private TV channel said the new price was fixed at Rs 270-280 per bag.
Published 15 Dec, 2005 12:00am
Modest trading observed on cotton market

Modest trading observed on cotton market

Modest business was seen in the cotton market on Wednesday though mills and spinners continued buying on expectations of rising trend in the prices, dealers said.
Published 15 Dec, 2005 12:00am
Kenyan tea mixed

Kenyan tea mixed

Kenya's tea prices were mixed at this week's auction, with some grades firming because of improved quality, traders said on Wednesday. Mombasa-based Africa Tea Brokers (ATB) said 114,437 packages were offered, compared with 129,681 last week.
Published 15 Dec, 2005 12:00am
Raw rubber moves both ways

Raw rubber moves both ways

The raw rubber trading ended both ways on Wednesday on Jodia Bazar. The following variations were seen in raw rubber Ceylon RSSV down Re 1 to Rs 51, latex side Semnan Tex up Rs 5 to Rs 344 and Thai (G.T) up Rs 5 to Rs 344.
Published 15 Dec, 2005 12:00am
Prices firm on sufficient supply on grain market

Prices firm on sufficient supply on grain market

Firmness prevailed in the grain market on Wednesday as most of the commodities maintained the overnight levels, dealers said. They attributed the stable trend in the market to the steady arrivals from the upcountry centres and better supply position.
Published 15 Dec, 2005 12:00am
New York cocoa hits new three-month high

New York cocoa hits new three-month high

US cocoa futures eked out modest gains to settle at a new 3-month high on Tuesday, but speculators were nervous the past week's bullish trend may be ready for a correction, traders said.
Published 15 Dec, 2005 12:00am
New York coffee retreats on profit-taking

New York coffee retreats on profit-taking

US coffee futures ended in negative territory on Tuesday, backing down from a two-week peak hit in the session after speculators took profits and producers increased their sales, market sources said.
Published 15 Dec, 2005 12:00am
Winterkill feared for portions of US HRW crop

Winterkill feared for portions of US HRW crop

Last week's bitter cold took a toll on some US hard red winter wheat fields, burning back leaves and potentially eating into production potential, wheat experts said on Tuesday.
Published 15 Dec, 2005 12:00am
Comex copper makes gains

Comex copper makes gains

US copper futures ended with strong gains on Tuesday, reversing sharp losses of a day, and traders said buyers from across the spectrum viewed on Monday's declines as buying opportunities.
Published 15 Dec, 2005 12:00am
Tokyo gold falls on higher margin

Tokyo gold falls on higher margin

Tokyo gold futures slid 3.6 percent on Wednesday, falling by their daily limit for a second session as higher margin requirements and a stronger yen prompted profit-taking following the market's rally in the week.
Published 15 Dec, 2005 12:00am
New York gold down by 1.5 percent on profit-taking

New York gold down by 1.5 percent on profit-taking

Gold futures fell on Tuesday after rising for eight straight sessions on speculative buying, as profit taking dragged it down from a quarter-century high of nearly $545 an ounce, dealers said.
Published 15 Dec, 2005 12:00am
Gold drops more than four dollars in Asian markets

Gold drops more than four dollars in Asian markets

Gold fell more than $4 in early trading in Asia on Wednesday to $516.00 an ounce as investors shrugged off possible inflationary concerns behind the latest US interest rate hike in favour of profits.
Published 15 Dec, 2005 12:00am
Malaysian tin up

Malaysian tin up

Malaysia's tin price hit a three-month high on Wednesday, edging closer to the $7,000 a tonne barrier, as strong European demand pushed the market up for a fifth successive day.
Published 15 Dec, 2005 12:00am
Oil steady above $61 on US chill, awaits data

Oil steady above $61 on US chill, awaits data

Oil held firm above $61 on Wednesday, supported by icy weather in the United States and forecasts of strong growth in global demand. Activity was muted ahead of weekly US inventory data due later in the day and expected to show a draw on crude stocks but
Published 15 Dec, 2005 12:00am