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Print - 2006-02-16
SBP revises SLR and CRR for Islamic banks

SBP revises SLR and CRR for Islamic banks

The State Bank of Pakistan has announced that the Government has approved the Wapda Sukuk as ''approved security'' for the purposes of meeting Statutory Liquidity Requirement (SLR) under section 29 of the Banking Companies Ordinance, 1962, for banks havin
Published 16 Feb, 2006 12:00am
Ukraine weighs measures to prevent sugar exodus

Ukraine weighs measures to prevent sugar exodus

Ukraine's Agriculture Ministry has asked the government to set up export licences for white sugar in a bid to prevent heavy sales abroad, Farm Minister Oleksander Baranivsky said on Wednesday.
Published 16 Feb, 2006 12:00am
Three die as violent demonstrations rock NWFP

Three die as violent demonstrations rock NWFP

A wave of violent anti-cartoons demonstrations gripped Peshawar and other parts of the North West Frontier Province (NWFP) on Wednesday as three people, including a child, were killed and dozens injured when angry mobs protested against the publication of
Published 16 Feb, 2006 12:00am
Corn futures weak as funds quiet

Corn futures weak as funds quiet

Corn futures at the Chicago Board of Trade closed lower on Tuesday, pressured by the big global supply of feed grains and a lack of fund buying, traders said. "Without the funds in here to prop it up, we're going down," a corn trader said.
Published 16 Feb, 2006 12:00am
Three die as violent demonstrations rock NWFP

Three die as violent demonstrations rock NWFP

A wave of violent anti-cartoons demonstrations gripped Peshawar and other parts of the North West Frontier Province (NWFP) on Wednesday as three people, including a child, were killed and dozens injured when angry mobs protested against the publication of
Published 16 Feb, 2006 12:00am
Brazil's coffee consumption to grow

Brazil's coffee consumption to grow

Coffee consumption in Brazil, the world's No 1 producer of coffee beans and No 2 consumer of the drink, is expected to grow 6 percent to 16.5 million 60-kg bags in 2005/2006 (November-October), Brazil's Coffee Industry Association (ABIC) said on Tuesday.
Published 16 Feb, 2006 12:00am
Cabinet ratifies Safta

Cabinet ratifies Safta

The Cabinet on Wednesday ratified the long-awaited South-Asia Free Trade Area (Safta) which, the Commerce Ministry's analysts said, might have a direct bearing on Pakistan-India trade regime. The pact is scheduled to be fully operational from July 1, 2006
Published 16 Feb, 2006 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 129,357 tonnes of cargo including 100,815 tonnes import and 28,542 tonnes export cargo including 4,613 containers during last 24 hours ending at 0700 hours on Wednesday.
Published 16 Feb, 2006 12:00am
Cabinet ratifies Safta

Cabinet ratifies Safta

The Cabinet on Wednesday ratified the long-awaited South-Asia Free Trade Area (Safta) which, the Commerce Ministry's analysts said, might have a direct bearing on Pakistan-India trade regime. The pact is scheduled to be fully operational from July 1, 2006
Published 16 Feb, 2006 12:00am
Singapore bunker fuel prices fall

Singapore bunker fuel prices fall

Singapore bunker prices fell on Wednesday, deepening its discount to fuel oil cargo values as heavy prompt supply continued to dampen the market.
Published 16 Feb, 2006 12:00am
Cabinet ratifies Safta

Cabinet ratifies Safta

The Cabinet on Wednesday ratified the long-awaited South-Asia Free Trade Area (Safta) which, the Commerce Ministry''s analysts said, might have a direct bearing on Pakistan-India trade regime. The pact is scheduled to be fully operational from July 1, 200
Published 16 Feb, 2006 12:00am
Three factories sealed

Three factories sealed

Adviser to the Sindh Chief Minister on Environment, Alternate Energy and Information Technology Noman Saigol on Wednesday paid a surprise visit to Landhi and Korangi industrial areas, sealed three factories and issued show-cause notices to four others on
Published 16 Feb, 2006 12:00am
LSE index up 210 points

LSE index up 210 points

Share prices rebounded on Lahore Stock Exchange (LSE) after taking a breather on technical grounds, following fresh buying in oil and gas sector and banks, helping the index breach 5500 level.
Published 16 Feb, 2006 12:00am
LSE index up 210 points

LSE index up 210 points

Share prices rebounded on Lahore Stock Exchange (LSE) after taking a breather on technical grounds, following fresh buying in oil and gas sector and banks, helping the index breach 5500 level.
Published 16 Feb, 2006 12:00am
Bulls return in driving seat on ISE

Bulls return in driving seat on ISE

Equities witnessed broad-based recovery on the Islamabad Stock Exchange (ISE) where bulls returned in the driving seat amid increase in index. ISE-10 index showed an improvement of 113.60 points, as the ten index moved from 3,096.55 to 3,210.15 points. Th
Published 16 Feb, 2006 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 16 Feb, 2006 12:00am
Bulls return in driving seat on ISE

Bulls return in driving seat on ISE

Equities witnessed broad-based recovery on the Islamabad Stock Exchange (ISE) where bulls returned in the driving seat amid increase in index. ISE-10 index showed an improvement of 113.60 points, as the ten index moved from 3,096.55 to 3,210.15 points. Th
Published 16 Feb, 2006 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 16 Feb, 2006 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 (February 15, 2006).

Published 16 Feb, 2006 12:00am
Total fourth quarter profit up

Total fourth quarter profit up

Oil major Total reported a 16 percent jump in fourth-quarter adjusted net profit compared with the same period of 2004, boosted by high oil and gas prices, but the result was just short of analysts' expectations.
Published 16 Feb, 2006 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 (February 15, 2006).

Published 16 Feb, 2006 12:00am
Total fourth quarter profit up

Total fourth quarter profit up

Oil major Total reported a 16 percent jump in fourth-quarter adjusted net profit compared with the same period of 2004, boosted by high oil and gas prices, but the result was just short of analysts' expectations.
Published 16 Feb, 2006 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 (February 15, 2006).

Published 16 Feb, 2006 12:00am
Bristol-Myers to license AIDS drug in India, Africa

Bristol-Myers to license AIDS drug in India, Africa

Bristol-Myers Squibb on Wednesday said it cut a deal with two generic drugmakers to allow cheap versions of its newest AIDS drug to be made in sub-Saharan Africa and India, where millions suffer from the disease.
Published 16 Feb, 2006 12:00am
Abamco asset manager rating maintained

Abamco asset manager rating maintained

The Pakistan Credit Rating Agency (Pacra) has maintained the asset manager rating of Abamco Limited at 'AM2'. The rating reflects the company's very strong capacity to manage the risks inherent in asset management, and the asset manager meets very high in
Published 16 Feb, 2006 12:00am
Abamco asset manager rating maintained

Abamco asset manager rating maintained

The Pakistan Credit Rating Agency (Pacra) has maintained the asset manager rating of Abamco Limited at 'AM2'. The rating reflects the company's very strong capacity to manage the risks inherent in asset management, and the asset manager meets very high in
Published 16 Feb, 2006 12:00am
Lahore CIT empowered to monitor withholding tax collection

Lahore CIT empowered to monitor withholding tax collection

The Central Board of Revenue (CBR) has empowered the Commissioner of Income Tax, Companies Zone-II Lahore, to monitor collection of withholding tax for issuance of exemption certificates and also approve applications of non-profit/religious organisations.
Published 16 Feb, 2006 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 (February 15, 2006).

Published 16 Feb, 2006 12:00am
Lahore CIT empowered to monitor withholding tax collection

Lahore CIT empowered to monitor withholding tax collection

The Central Board of Revenue (CBR) has empowered the Commissioner of Income Tax, Companies Zone-II Lahore, to monitor collection of withholding tax for issuance of exemption certificates and also approve applications of non-profit/religious organisations.
Published 16 Feb, 2006 12:00am
Lahore CIT empowered to monitor withholding tax collection

Lahore CIT empowered to monitor withholding tax collection

The Central Board of Revenue (CBR) has empowered the Commissioner of Income Tax, Companies Zone-II Lahore, to monitor collection of withholding tax for issuance of exemption certificates and also approve applications of non-profit/religious organisations.
Published 16 Feb, 2006 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Wednesday (February 15, 2006).
Published 16 Feb, 2006 12:00am
Two Uzbek militants arrested

Two Uzbek militants arrested

Two suspected Uzbek members of al Qaeda were arrested by security forces in North Waziristan, officials said on Wednesday. North Waziristan's political agent, or administrator, Syed Zaheerul Islam, told Reuters the suspects were held at a checkpost by par
Published 16 Feb, 2006 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Wednesday (February 15, 2006).

Published 16 Feb, 2006 12:00am
Two Uzbek militants arrested

Two Uzbek militants arrested

Two suspected Uzbek members of al Qaeda were arrested by security forces in North Waziristan, officials said on Wednesday. North Waziristan's political agent, or administrator, Syed Zaheerul Islam, told Reuters the suspects were held at a checkpost by par
Published 16 Feb, 2006 12:00am
BNP Paribas profit rises

BNP Paribas profit rises

BNP Paribas reported a 23 percent rise in fourth-quarter net profit on Wednesday that beat the average forecast from analysts, but higher costs linked to acquisitions knocked the French bank's shares.
Published 16 Feb, 2006 12:00am
BNP Paribas profit rises

BNP Paribas profit rises

BNP Paribas reported a 23 percent rise in fourth-quarter net profit on Wednesday that beat the average forecast from analysts, but higher costs linked to acquisitions knocked the French bank's shares.
Published 16 Feb, 2006 12:00am
BNP Paribas profit rises

BNP Paribas profit rises

BNP Paribas reported a 23 percent rise in fourth-quarter net profit on Wednesday that beat the average forecast from analysts, but higher costs linked to acquisitions knocked the French bank''s shares.
Published 16 Feb, 2006 12:00am
BNP Paribas profit rises

BNP Paribas profit rises

BNP Paribas reported a 23 percent rise in fourth-quarter net profit on Wednesday that beat the average forecast from analysts, but higher costs linked to acquisitions knocked the French bank''''s shares.
Published 16 Feb, 2006 12:00am
Mills asked to ensure smooth sugar supply

Mills asked to ensure smooth sugar supply

Sugar mills should ensure smooth supply of sugar in the market so that the prices of sugar may come down and consumer could get sugar at reasonable rate.
Published 16 Feb, 2006 12:00am
Mills asked to ensure smooth sugar supply

Mills asked to ensure smooth sugar supply

Sugar mills should ensure smooth supply of sugar in the market so that the prices of sugar may come down and consumer could get sugar at reasonable rate.
Published 16 Feb, 2006 12:00am
Mills asked to ensure smooth sugar supply

Mills asked to ensure smooth sugar supply

Sugar mills should ensure smooth supply of sugar in the market so that the prices of sugar may come down and consumer could get sugar at reasonable rate.
Published 16 Feb, 2006 12:00am
TCP extends deadline for sugar tender

TCP extends deadline for sugar tender

Trading Corporation of Pakistan (TCP) on Wednesday extended a deadline for bids in its tender to buy 50,000 tonnes of white sugar from India to February 25 from February 16, an official said.
Published 16 Feb, 2006 12:00am
TCP extends deadline for sugar tender

TCP extends deadline for sugar tender

Trading Corporation of Pakistan (TCP) on Wednesday extended a deadline for bids in its tender to buy 50,000 tonnes of white sugar from India to February 25 from February 16, an official said.
Published 16 Feb, 2006 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Wednesday (February 15, 2006).

Published 16 Feb, 2006 12:00am
TCP extends deadline for sugar tender

TCP extends deadline for sugar tender

Trading Corporation of Pakistan (TCP) on Wednesday extended a deadline for bids in its tender to buy 50,000 tonnes of white sugar from India to February 25 from February 16, an official said.
Published 16 Feb, 2006 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 (February 15, 2006).

Published 16 Feb, 2006 12:00am
Nintendo unveils TV, Web browser features

Nintendo unveils TV, Web browser features

Japanese fans of Nintendo Co Ltd's dual-screen DS portable game machine may soon be able to surf the Web and watch high-definition television programmes on their devices in addition to playing games.
Published 16 Feb, 2006 12:00am
NJLI Managed Growth Fund Rates

NJLI Managed Growth Fund Rates

New Jubilee Life Insurance Managed Growth Fund Rates on Wednesday (February 15, 2006).

Published 16 Feb, 2006 12:00am
Pakistani exporters win $3.5 million orders in Munich fair

Pakistani exporters win $3.5 million orders in Munich fair

Pakistan sports goods companies secured deals worth $3.5 million from European buyers at Ispo-2006 exhibition recently held in Munich. More than 70 Pakistani companies, dealing in sports goods, sportswear and sports gloves, participated in the Ispo-2006 (
Published 16 Feb, 2006 12:00am
NJLI Managed Growth Fund Rates

NJLI Managed Growth Fund Rates

New Jubilee Life Insurance Managed Growth Fund Rates on Wednesday (February 15, 2006).

Published 16 Feb, 2006 12:00am
MOL earns $1.5298 billion profit

MOL earns $1.5298 billion profit

MOL, which is operating here through its subsidiary, Pakistan Oil and Gas, has announced its financial results for 2005, declaring operating profit of $1.5298 billion, exceeding strategic targets for the year.
Published 16 Feb, 2006 12:00am
NJLI Managed Growth Fund Rates

NJLI Managed Growth Fund Rates

New Jubilee Life Insurance Managed Growth Fund Rates on Wednesday (February 15, 2006).

Published 16 Feb, 2006 12:00am
MOL earns $1.5298 billion profit

MOL earns $1.5298 billion profit

MOL, which is operating here through its subsidiary, Pakistan Oil and Gas, has announced its financial results for 2005, declaring operating profit of $1.5298 billion, exceeding strategic targets for the year.
Published 16 Feb, 2006 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Wednesday (February 15, 2006).

Published 16 Feb, 2006 12:00am
MOL earns $1.5298 billion profit

MOL earns $1.5298 billion profit

MOL, which is operating here through its subsidiary, Pakistan Oil and Gas, has announced its financial results for 2005, declaring operating profit of $1.5298 billion, exceeding strategic targets for the year.
Published 16 Feb, 2006 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Wednesday (February 15, 2006).

Published 16 Feb, 2006 12:00am
MOL earns $1.5298 billion profit

MOL earns $1.5298 billion profit

MOL, which is operating here through its subsidiary, Pakistan Oil and Gas, has announced its financial results for 2005, declaring operating profit of $1.5298 billion, exceeding strategic targets for the year.
Published 16 Feb, 2006 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Wednesday (February 15, 2006).

Published 16 Feb, 2006 12:00am
NJLI Sarmaya Growth Fund Rates

NJLI Sarmaya Growth Fund Rates

New Jubilee Life Insurance Sarmaya Growth Fund Rates on Wednesday (February 15, 2006).

Published 16 Feb, 2006 12:00am
NJLI Sarmaya Growth Fund Rates

NJLI Sarmaya Growth Fund Rates

New Jubilee Life Insurance Sarmaya Growth Fund Rates on Wednesday (February 15, 2006).

Published 16 Feb, 2006 12:00am
Seizures by customs show 50 percent decline

Seizures by customs show 50 percent decline

The seizure/confiscation made by customs department has shown steep fall of 50 percent in 2004-05 as compared to 2003-04. A tax official told Business Recorder on Wednesday that CBR's decision to carry out information-based anti-smuggling operation
Published 16 Feb, 2006 12:00am
NJLI Sarmaya Growth Fund Rates

NJLI Sarmaya Growth Fund Rates

New Jubilee Life Insurance Sarmaya Growth Fund Rates on Wednesday (February 15, 2006).

Published 16 Feb, 2006 12:00am
Seizures by customs show 50 percent decline

Seizures by customs show 50 percent decline

The seizure/confiscation made by customs department has shown steep fall of 50 percent in 2004-05 as compared to 2003-04. A tax official told Business Recorder on Wednesday that CBR's decision to carry out information-based anti-smuggling operation
Published 16 Feb, 2006 12:00am
Seizures by customs show 50 percent decline

Seizures by customs show 50 percent decline

The seizure/confiscation made by customs department has shown steep fall of 50 percent in 2004-05 as compared to 2003-04. A tax official told Business Recorder on Wednesday that CBR''s decision to carry out information-based anti-smuggling operatio
Published 16 Feb, 2006 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 16 Feb, 2006 12:00am
SBP revises SLR and CRR for Islamic banks

SBP revises SLR and CRR for Islamic banks

The State Bank of Pakistan has announced that the Government has approved the Wapda Sukuk as 'approved security' for the purposes of meeting Statutory Liquidity Requirement (SLR) under section 29 of the Banking Companies Ordinance, 1962, for banks having
Published 16 Feb, 2006 12:00am
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Wednesday (February 15, 2006).

Published 16 Feb, 2006 12:00am
SBP revises SLR and CRR for Islamic banks

SBP revises SLR and CRR for Islamic banks

The State Bank of Pakistan has announced that the Government has approved the Wapda Sukuk as 'approved security' for the purposes of meeting Statutory Liquidity Requirement (SLR) under section 29 of the Banking Companies Ordinance, 1962, for banks having
Published 16 Feb, 2006 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

Dividend/Bonus announcements by the companies listed on the Karachi Stock Exchange.

Published 16 Feb, 2006 12:00am
Shell profit up 30 percent

Shell profit up 30 percent

The Directors of Shell Pakistan Limited has announced half-yearly financial results for the period ended December 31, 2005. The profit rose by 30 percent after tax at Rs 1,192 million from Rs 917 million for the same period of last year.
Published 16 Feb, 2006 12:00am
Pacra maintains Atlas Bank ratings

Pacra maintains Atlas Bank ratings

The Pakistan Credit Rating Agency (Pacra) has maintained the long-term and short-term entity ratings of Atlas Investment Bank Limited (AIBL) at 'A+' (Single A Plus) and 'A 1' (A One), respectively. These ratings denote a low expectation of credit risk and
Published 16 Feb, 2006 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (February 15, 2006).

Published 16 Feb, 2006 12:00am
New York cotton

New York cotton

Tuesday's closing prices of New York cotton in US cents/lb.

Published 16 Feb, 2006 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (February 15, 2006).

Published 16 Feb, 2006 12:00am