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Print - 2006-03-02
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Wednesday (March 01, 2006).

Published 02 Mar, 2006 12:00am
New York cocoa futures rebound

New York cocoa futures rebound

US benchmark cocoa futures ended up 1.7 percent on Tuesday, with a late round of fund buying helping the market recover from a three-month low hit earlier in the session, traders said.
Published 02 Mar, 2006 12:00am
SBP maintains treasury bills cut-off yield, accepts Rs 8 billion bids

SBP maintains treasury bills cut-off yield, accepts Rs 8 billion bids

The State bank of Pakistan in its fortnightly Treasury Bills auction on Wednesday accepted bids worth realised value of Rs 7.447 billion against its target of Rs 4.5 billion by maintaining its last cut-off yield in all three tenors. Market''s offered amou
Published 02 Mar, 2006 12:00am
New York coffee rallies

New York coffee rallies

The US benchmark coffee futures climbed 3.1 percent on Tuesday, boosted by funds and speculators buying amid positive technical signals on the price charts, traders and analysts said.
Published 02 Mar, 2006 12:00am
SBP maintains treasury bills cut-off yield, accepts Rs 8 billion bids

SBP maintains treasury bills cut-off yield, accepts Rs 8 billion bids

The State bank of Pakistan in its fortnightly Treasury Bills auction on Wednesday accepted bids worth realised value of Rs 7.447 billion against its target of Rs 4.5 billion by maintaining its last cut-off yield in all three tenors. Market''''s offered am
Published 02 Mar, 2006 12:00am
MGE wheat ends mixed

MGE wheat ends mixed

Spring wheat futures at the Minneapolis Grain Exchange ended mixed on Tuesday, with pricing influenced by a sell-off in Kansas City and Chicago, traders said.
Published 02 Mar, 2006 12:00am
Russian proposal needs work: Iran

Russian proposal needs work: Iran

Talks between Russian and Iranian negotiators on a Russian plan for joint uranium enrichment have ended with a "general" agreement but the proposal needs work, Iran's chief negotiator said on Wednesday.
Published 02 Mar, 2006 12:00am
Prices slip on grain market

Prices slip on grain market

Falling trend was witnessed on the grain market on Wednesday as most of the buyers stayed on the sidelines amid good supply position, dealers said.
Published 02 Mar, 2006 12:00am
Russian proposal needs work: Iran

Russian proposal needs work: Iran

Talks between Russian and Iranian negotiators on a Russian plan for joint uranium enrichment have ended with a "general" agreement but the proposal needs work, Iran's chief negotiator said on Wednesday.
Published 02 Mar, 2006 12:00am
Tea prices up on Jodia Bazar

Tea prices up on Jodia Bazar

The trading on tea sector moved upward on Jodia Bazar on Wednesday. The following changes were seen in Bangladesh Garden pack (original) up Rs 11 to Rs 120, Khushbu up Rs 11 to Rs 118.
Published 02 Mar, 2006 12:00am
Cold steel bars production, use to be banned

Cold steel bars production, use to be banned

The government has decided to impose ban on production and use of cold-twisted (TOR) steel bars which the Housing Ministry believes are not capable to resist moderate and severe earthquake jolts, official sources told Business Recorder on Wednesday
Published 02 Mar, 2006 12:00am
Business improves on cotton market

Business improves on cotton market

Improved business was seen on cotton market on Wednesday as some needy mills struck deals to meet immediate requirements, dealers said.
Published 02 Mar, 2006 12:00am
Cold steel bars production, use to be banned

Cold steel bars production, use to be banned

The government has decided to impose ban on production and use of cold-twisted (TOR) steel bars which the Housing Ministry believes are not capable to resist moderate and severe earthquake jolts, official sources told Business Recorder on Wednesday
Published 02 Mar, 2006 12:00am
Oil cake market rates

Oil cake market rates

Both futures were lower on the forward cottonseed oilcake market on Wednesday as many buyers covered their short-term needs. The March vaida commenced unchanged at Rs 483.60. Later, it gained 10 paisa to be day's best at Rs 483.70. In the process of tradi
Published 02 Mar, 2006 12:00am
Cold steel bars production, use to be banned

Cold steel bars production, use to be banned

The government has decided to impose ban on production and use of cold-twisted (TOR) steel bars which the Housing Ministry believes are not capable to resist moderate and severe earthquake jolts, official sources told Business Recorder on Wednesday
Published 02 Mar, 2006 12:00am
CBOT wheat futures down

CBOT wheat futures down

Wheat futures on the Chicago Board of Trade closed lower on Tuesday in a late technical retreat from contract highs after fund buying was exhausted, traders said.
Published 02 Mar, 2006 12:00am
Mass protests as Bush arrives in India

Mass protests as Bush arrives in India

Tens of thousands of Muslims and communists took to the streets across India on Wednesday, protesting against the visit of US President George W Bush, hours before his arrival.
Published 02 Mar, 2006 12:00am
FOB Gulf soyabean lower; corn, wheat steady

FOB Gulf soyabean lower; corn, wheat steady

US FOB Gulf soyabeans were lower on Tuesday amid a lack of fresh export demand with buyers turning to South America. Corn and wheat were steady.
Published 02 Mar, 2006 12:00am
Mass protests as Bush arrives in India

Mass protests as Bush arrives in India

Tens of thousands of Muslims and communists took to the streets across India on Wednesday, protesting against the visit of US President George W Bush, hours before his arrival.
Published 02 Mar, 2006 12:00am
Indian steel firms raise prices by 10.5 percent

Indian steel firms raise prices by 10.5 percent

India's top steel makers have raised prices by an average 10.5 percent per tonne with immediate effect to align with rising global prices, industry officials said on Wednesday.
Published 02 Mar, 2006 12:00am
NSC meeting: Musharraf to raise blasphemy issue with Bush

NSC meeting: Musharraf to raise blasphemy issue with Bush

President General Pervez Musharraf will raise the issue of publication of blasphemous material with President Bush during their official talks this week and seek his help for an international convention/legislation against defamation of religions and publ
Published 02 Mar, 2006 12:00am
US Midwest corn and soyabean bids rise in Iowa

US Midwest corn and soyabean bids rise in Iowa

Corn and soyabean spot basis bids rose in Iowa on Wednesday as processors tried to replenish supplies but bids were steady around most of the rest of the Midwest, grain dealers said.
Published 02 Mar, 2006 12:00am
NSC meeting: Musharraf to raise blasphemy issue with Bush

NSC meeting: Musharraf to raise blasphemy issue with Bush

President General Pervez Musharraf will raise the issue of publication of blasphemous material with President Bush during their official talks this week and seek his help for an international convention/legislation against defamation of religions and publ
Published 02 Mar, 2006 12:00am
Corn ends mixed amid bird flu jitters

Corn ends mixed amid bird flu jitters

Corn futures at the Chicago Board of Trade ended narrowly mixed on Tuesday amid bird flu concerns and plentiful stocks of corn, traders said.
Published 02 Mar, 2006 12:00am
Hike in Indian defence budget criticised

Hike in Indian defence budget criticised

The Government of Pakistan on Wednesday criticised the latest hike in India's defence budget as out of sync with the peace process launched by the nuclear-armed South Asian rivals.
Published 02 Mar, 2006 12:00am
Ukraine may lose 27 percent of winter crops

Ukraine may lose 27 percent of winter crops

Bad weather in late 2005 and early 2006 may kill about 27 percent of Ukraine's winter crops, the Emergencies Ministry said on Wednesday. "The results of tests have showed that about 27 percent of winter crops could die," the ministry said in a statement.
Published 02 Mar, 2006 12:00am
Musharraf hopes Bush to help resolve Kashmir dispute

Musharraf hopes Bush to help resolve Kashmir dispute

President General Pervez Musharraf has said he expects US President George W. Bush to use his influence to help settle the Kashmir dispute because "now is the ideal time and ideal environment to resolve it."
Published 02 Mar, 2006 12:00am
Asian platinum jewellers defy price dip, eye palladium

Asian platinum jewellers defy price dip, eye palladium

Jewellery makers in Asia shrugged off platinum's falls from record highs as they struggled to use up inventories, and dealers said on Wednesday more auto makers were turning to sister metal palladium as a substitute.
Published 02 Mar, 2006 12:00am
DGs Intelligence, Audit to monitor consignments

DGs Intelligence, Audit to monitor consignments

The Central Board of Revenue (CBR) has empowered the Directorate-General, Intelligence and Investigation (I&I), and DG, Inspection and Internal Audit, to access data of importers/exporters under 'One Customs Project', and consignments data available with
Published 02 Mar, 2006 12:00am
HRW wheat bids rolled, protection posted

HRW wheat bids rolled, protection posted

Spot basis bids for hard red winter wheat were rolled forward Wednesday, with some merchants looking to take protection against an expected drop in futures prices.
Published 02 Mar, 2006 12:00am
DGs Intelligence, Audit to monitor consignments

DGs Intelligence, Audit to monitor consignments

The Central Board of Revenue (CBR) has empowered the Directorate-General, Intelligence and Investigation (I&I), and DG, Inspection and Internal Audit, to access data of importers/exporters under 'One Customs Project', and consignments data available with
Published 02 Mar, 2006 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 70,837 tonnes of cargo including 48,165 tonnes import and 22,672 tonnes export cargo including 5,121 containers during last 24 hours ending at 0700 hours on Wednesday.
Published 02 Mar, 2006 12:00am
DGs Intelligence, Audit to monitor consignments

DGs Intelligence, Audit to monitor consignments

The Central Board of Revenue (CBR) has empowered the Directorate-General, Intelligence and Investigation (I&I), and DG, Inspection and Internal Audit, to access data of importers/exporters under ''One Customs Project'', and consignments data available wit
Published 02 Mar, 2006 12:00am
Singapore bunker fuel prices higher

Singapore bunker fuel prices higher

Singapore bunker prices were higher on Wednesday but the differential to cargoes flipped back to negative after holding a premium for two days, traders said.
Published 02 Mar, 2006 12:00am
Choppy session on stock market

Choppy session on stock market

Extremely choppy behaviour was witnessed on the share market on Wednesday as the equity prices moved both ways depicting substantial drop in the intra-day session on rumours of foreign selling but soon recovering on support from financial institutions.
Published 02 Mar, 2006 12:00am
Grain exports from port of Rouen

Grain exports from port of Rouen

Grain exports from the French port of Rouen totalled 285,678 tonnes for February 1-22, including 226,882 tonnes of wheat and 58,796 tonnes of barley, port officials said on Tuesday.
Published 02 Mar, 2006 12:00am
Choppy session on stock market

Choppy session on stock market

Extremely choppy behaviour was witnessed on the share market on Wednesday as the equity prices moved both ways depicting substantial drop in the intra-day session on rumours of foreign selling but soon recovering on support from financial institutions.
Published 02 Mar, 2006 12:00am
PLP protest

PLP protest

Pakistan Labour Party (PLP) will protest on the arrival of US President George Bush at Lahore Press Club and Karachi Press Club (3:00pm) on March 2. This was revealed by representatives of the party here, on Wednesday.
Published 02 Mar, 2006 12:00am
Choppy session on stock market

Choppy session on stock market

Extremely choppy behaviour was witnessed on the share market on Wednesday as the equity prices moved both ways depicting substantial drop in the intra-day session on rumours of foreign selling but soon recovering on support from financial institutions.
Published 02 Mar, 2006 12:00am
PAEC clarification

PAEC clarification

The Pakistan Atomic Energy Commission (PAEC) has clarified a news item appearing in Business Recorder of March 1, 2006, saying that the federal government had allowed an amount of Rs 505 million for safety upgrade and renovation of Kanupp through a
Published 02 Mar, 2006 12:00am
Desalination plants, deepening of Port Qasim channel planned

Desalination plants, deepening of Port Qasim channel planned

Deepening and widening of navigational channel at a cost of Rs 5267 million and establishment of two desalination plants at a collective cost of $320 million each would soon be undertaken by the Port Qasim Authority (PQA).
Published 02 Mar, 2006 12:00am
Desalination plants, deepening of Port Qasim channel planned

Desalination plants, deepening of Port Qasim channel planned

Deepening and widening of navigational channel at a cost of Rs 5267 million and establishment of two desalination plants at a collective cost of $320 million each would soon be undertaken by the Port Qasim Authority (PQA).
Published 02 Mar, 2006 12:00am
Desalination plants, deepening of Port Qasim channel planned

Desalination plants, deepening of Port Qasim channel planned

Deepening and widening of navigational channel at a cost of Rs 5267 million and establishment of two desalination plants at a collective cost of $320 million each would soon be undertaken by the Port Qasim Authority (PQA).
Published 02 Mar, 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 02 Mar, 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 02 Mar, 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 (March 01, 2006).

Published 02 Mar, 2006 12:00am
Mixed trend on LSE

Mixed trend on LSE

High volatility prevailed on the Lahore Stock Exchange (LSE), where share values failed to settle following panic selling in oil and gas sector in early hours, and subsequently recovery took place in second half of the session.
Published 02 Mar, 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 (March 01, 2006).

Published 02 Mar, 2006 12:00am
Mixed trend on LSE

Mixed trend on LSE

High volatility prevailed on the Lahore Stock Exchange (LSE), where share values failed to settle following panic selling in oil and gas sector in early hours, and subsequently recovery took place in second half of the session.
Published 02 Mar, 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 (March 01, 2006).

Published 02 Mar, 2006 12:00am
ISE equities up 2.85 points

ISE equities up 2.85 points

Equities showed positive signs at the Islamabad Stock Exchange (ISE) where fresh bearish assault moved the entire ready-board in downward direction amid decrease in index.
Published 02 Mar, 2006 12:00am
ISE equities up 2.85 points

ISE equities up 2.85 points

Equities showed positive signs at the Islamabad Stock Exchange (ISE) where fresh bearish assault moved the entire ready-board in downward direction amid decrease in index.
Published 02 Mar, 2006 12:00am
16.18 points fall in BR-Index-30

16.18 points fall in BR-Index-30

BR Index-30 registered a net decline of 16.18 points, or 0.13 percent on Wednesday, closing at 12,459.19. The BR Index-30 made an intra-day high of 12,664.70 and the low of 12,095.27.
Published 02 Mar, 2006 12:00am
16.18 points fall in BR-Index-30

16.18 points fall in BR-Index-30

BR Index-30 registered a net decline of 16.18 points, or 0.13 percent on Wednesday, closing at 12,459.19. The BR Index-30 made an intra-day high of 12,664.70 and the low of 12,095.27.
Published 02 Mar, 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 (March 01, 2006).

Published 02 Mar, 2006 12:00am
16.18 points fall in BR-Index-30

16.18 points fall in BR-Index-30

BR Index-30 registered a net decline of 16.18 points, or 0.13 percent on Wednesday, closing at 12,459.19. The BR Index-30 made an intra-day high of 12,664.70 and the low of 12,095.27.
Published 02 Mar, 2006 12:00am
EU globalisation plan to get 50,000 year back to work

EU globalisation plan to get 50,000 year back to work

Up to 50,000 people a year in the European Union could benefit from a back-to-work initiative worth an annual 500 million euros ($600 million) announced on Wednesday by the European Commission, the EU's executive arm.
Published 02 Mar, 2006 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Wednesday (March 01, 2006).
Published 02 Mar, 2006 12:00am
Thailand suspends US free trade talks

Thailand suspends US free trade talks

Thailand has suspended free trade talks with the United States and delayed signing a deal with Japan until after an April 2 election called by Prime Minister Thaksin Shinawatra, officials said on Wednesday.
Published 02 Mar, 2006 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Wednesday (March 01, 2006).

Published 02 Mar, 2006 12:00am
AEDB asked to complete two wind power plants soon

AEDB asked to complete two wind power plants soon

The Federal Minister for Water and Power, Liquat Ali Jatio on Wednesday directed Alternate Energy Development Board (AEDB) for early completion of two wind power plants being set up to generate 100 MW electricity.
Published 02 Mar, 2006 12:00am
Rice export registers 50 percent increase

Rice export registers 50 percent increase

The country's rice export has registered around fifty percent increase in the first seven months of the current fiscal by touching 622.691 million dollars mark against 416.130 million dollars in the corresponding period of previous year.
Published 02 Mar, 2006 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Wednesday (March 01, 2006).

Published 02 Mar, 2006 12:00am
Rice export registers 50 percent increase

Rice export registers 50 percent increase

The country's rice export has registered around fifty percent increase in the first seven months of the current fiscal by touching 622.691 million dollars mark against 416.130 million dollars in the corresponding period of previous year.
Published 02 Mar, 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 (March 01, 2006).

Published 02 Mar, 2006 12:00am
Rice export registers 50 percent increase

Rice export registers 50 percent increase

The country''s rice export has registered around fifty percent increase in the first seven months of the current fiscal by touching 622.691 million dollars mark against 416.130 million dollars in the corresponding period of previous year.
Published 02 Mar, 2006 12:00am
CBR 'private members' salaries doubled

CBR 'private members' salaries doubled

The Central Board of Revenue (CBR) through a notification has doubled the salary package of 'private members', upgrading them in MP-I scale from March 1, 2006.
Published 02 Mar, 2006 12:00am
Business opposes airline ticket tax

Business opposes airline ticket tax

The International Chamber of Commerce (ICC) recently condemned proposals for a tax on airline tickets to raise funds for development aid, saying there are better ways for business and the government to help lift people out of poverty.
Published 02 Mar, 2006 12:00am
Business opposes airline ticket tax

Business opposes airline ticket tax

The International Chamber of Commerce (ICC) recently condemned proposals for a tax on airline tickets to raise funds for development aid, saying there are better ways for business and the government to help lift people out of poverty.
Published 02 Mar, 2006 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Wednesday (March 01, 2006).

Published 02 Mar, 2006 12:00am
Business opposes airline ticket tax

Business opposes airline ticket tax

The International Chamber of Commerce (ICC) recently condemned proposals for a tax on airline tickets to raise funds for development aid, saying there are better ways for business and the government to help lift people out of poverty.
Published 02 Mar, 2006 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Wednesday (March 01, 2006).

Published 02 Mar, 2006 12:00am
Business opposes airline ticket tax

Business opposes airline ticket tax

The International Chamber of Commerce (ICC) recently condemned proposals for a tax on airline tickets to raise funds for development aid, saying there are better ways for business and the government to help lift people out of poverty.
Published 02 Mar, 2006 12:00am
English Biscuit ratings reaffirmed

English Biscuit ratings reaffirmed

JCR-VIS Credit Rating Company Limited (JCR-VIS) has reaffirmed the medium to long-term entity rating of 'A+' (Single A Plus) with 'Stable' outlook, and short-term entity rating of 'A 1' (A One) of English Biscuit Manufacturers (Pvt) Ltd (EBM).
Published 02 Mar, 2006 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Wednesday (March 01, 2006).

Published 02 Mar, 2006 12:00am
Ibad for cartoon protests as per Islamic teachings

Ibad for cartoon protests as per Islamic teachings

Representative people belonging to various walks of life in Sindh province have expressed grave concern over publication of blasphemous caricatures and similar other incidents in the European countries.
Published 02 Mar, 2006 12:00am
English Biscuit ratings reaffirmed

English Biscuit ratings reaffirmed

JCR-VIS Credit Rating Company Limited (JCR-VIS) has reaffirmed the medium to long-term entity rating of 'A+' (Single A Plus) with 'Stable' outlook, and short-term entity rating of 'A 1' (A One) of English Biscuit Manufacturers (Pvt) Ltd (EBM).
Published 02 Mar, 2006 12:00am
THE RUPEE: four paisa loss versus dollar in interbank market

THE RUPEE: four paisa loss versus dollar in interbank market

Downward revision continued in rupee value versus dollar in the interband market, losing four paisa at Rs 59.93 and Rs 59.95 for buying and selling, respectively, moneychangers said. The cause of rupee weakness was the rising demand for dollars, money exp
Published 02 Mar, 2006 12:00am
Abad invites Chinese investment

Abad invites Chinese investment

The Association of Builders and Developers (Abad) has invited their Chinese counterparts for making investment in the housing and construction sectors in Pakistan.
Published 02 Mar, 2006 12:00am
ITNE order: APNS clarification

ITNE order: APNS clarification

"The All Pakistan Newspapers Society (APNS), commenting on the order dated February 27, 2006 of the ITNE Chairman, has clarified that the constitutional question as to the validity and vires of Newspaper Employees Acts, 1973 and decisions given by success
Published 02 Mar, 2006 12:00am