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Print - 2006-04-07
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Thursday (April 06, 2006).

Published 07 Apr, 2006 12:00am
Wheat purchasing centers being set up

Wheat purchasing centers being set up

Purchase centers have been established in all the wheat growing areas in Punjab and their number would be increased whenever needed, Provincial Food Minister, Chaudary M Iqbal said on Thursday.
Published 07 Apr, 2006 12:00am
'Future of Ummah linked with democracy'

'Future of Ummah linked with democracy'

The future of the Muslim Ummah is inextricably linked with democracy. This should end the disparities among the Muslim countries and within each country between the elite and the street.
Published 07 Apr, 2006 12:00am
India urged to respond positively to Pakistan

India urged to respond positively to Pakistan

Veteran Kashmiri Leader Syed Ali Gillani said that Pakistan was the last hope for entire Kashmiri nation. Talking to private TV channel, he said Pakistan had provided commendable moral support to Kashmiris.
Published 07 Apr, 2006 12:00am
73 PAF officers honoured

73 PAF officers honoured

Non-operational military awards were conferred on 73 officers and junior commissioned officers of Pakistan Air Force (PAF) here on Wednesday at Air Headquarters. Chief of the Air Staff Air Chief Marshal Tanvir Mehmood Ahmed was the chief guest on the occa
Published 07 Apr, 2006 12:00am
Fata farm sector uplift assured

Fata farm sector uplift assured

The development and provision of basic amenities of life at people's doorstep is legal and constitutional right of every citizen. The development of the under-developed areas not only address the problems of local people, but also contribute towards impro
Published 07 Apr, 2006 12:00am
Pakistan, Yemen likely to sign MoUs on tourism, education

Pakistan, Yemen likely to sign MoUs on tourism, education

Pakistan and Yemen will discuss enhanced co-ordination in fighting terrorism, boost co-operation in higher education, tourism and media, during the visit of Yemen President Ali Abdallah Salih to Pakistan.
Published 07 Apr, 2006 12:00am
New York cotton

New York cotton

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

Published 07 Apr, 2006 12:00am
Sri Lanka for ferry link with Pakistan

Sri Lanka for ferry link with Pakistan

Sri Lanka has asked Pakistan government to start a Colombo-Karachi ferry service and liberalise air services during President Mahinda Rajapakse's recent state visit to neighbouring country, a senior minister said.
Published 07 Apr, 2006 12:00am
New York cotton

New York cotton

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

Published 07 Apr, 2006 12:00am
9,000-year-old dentistry found in Balochistan

9,000-year-old dentistry found in Balochistan

Dentistry could be a surprise contender for the world's oldest profession after scientists found 9,000-year-old teeth that had been drilled by a highly-skilled practitioner.
Published 07 Apr, 2006 12:00am
The Weather

The Weather

The weather report on Thursday (April 06, 2006) and the forecast for Friday (April 07, 2006).
Published 07 Apr, 2006 12:00am
PTCL directed to review, rationalise bandwidth rates

PTCL directed to review, rationalise bandwidth rates

Pakistan Telecommunication Authority (PTA) has directed PTCL to review and rationalise its international bandwidth rates to promote the broadband business in Pakistan and making the tariffs compatible with international markets.
Published 07 Apr, 2006 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (April 06, 2006).

Published 07 Apr, 2006 12:00am
THE RUPEE: sharp gain in interbank market

THE RUPEE: sharp gain in interbank market

Upward trend reappeared in the interbank market on Thursday as the rupee recovered 12 paisa versus the dollar for buying and selling at 60.01 and 60.03 on easy supply of the greenback, experts said.
Published 07 Apr, 2006 12:00am
THE RUPEE: sharp gain in interbank market

THE RUPEE: sharp gain in interbank market

Upward trend reappeared in the interbank market on Thursday as the rupee recovered 12 paisa versus the dollar for buying and selling at 60.01 and 60.03 on easy supply of the greenback, experts said.
Published 07 Apr, 2006 12:00am
World Health Day today

World Health Day today

Like other parts of the world, World Health Day will be observed in Pakistan on Friday. Initiated by World Health Organisation (WHO), the World Health Day is observed every year under the selected themes by WHO to create awareness about healthy environmen
Published 07 Apr, 2006 12:00am
Depression may surpass cardiac diseases by 2020

Depression may surpass cardiac diseases by 2020

"Two-third of the 340 million people suffering from depression world-wide, live in the developing countries. Currently the burden of depression is on fourth place in the world but the depression was likely to be the second most prevalent disease by 2020,
Published 07 Apr, 2006 12:00am
Five agriculture pesticides declared substandard

Five agriculture pesticides declared substandard

Five agricultural pesticide products of different companies working in Sindh province have been declared substandard after testing and analysing the samples of these pesticides in the quality control and testing laboratories of the agriculture department,
Published 07 Apr, 2006 12:00am
Sugar: SHAKARGANJ MILLS LIMITED - Year Ended 30-09-2005

Sugar: SHAKARGANJ MILLS LIMITED - Year Ended 30-09-2005

The company has diversified its business into sugar, ethanol, building material and textile yarn. During the year under review its output of sugar was highest and sugar recovery percentage was also high. After including processing of raw sugar data the su
Published 07 Apr, 2006 12:00am
Shopkeepers hope uplift work to be completed soon

Shopkeepers hope uplift work to be completed soon

The shopkeepers in the Clifton area, who have seen a fall in sales due to the disturbance in traffic caused by huge road repair and improvement work now underway, are hoping that the work would be completed at the earliest so that their sales pick up.
Published 07 Apr, 2006 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (April 06, 2006).

Published 07 Apr, 2006 12:00am
IGP refuses to accept plot offered by chief minister

IGP refuses to accept plot offered by chief minister

Provincial Police Officer Jehangir Mirza has decided not to accept the plot offered to him along with some other Sindh Government officers by the Sindh Chief Minister and announced to returned the same with thanks.
Published 07 Apr, 2006 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Thursday (April 06, 2006).

Published 07 Apr, 2006 12:00am
International children's health moot held

International children's health moot held

In connection with the 'World Health Day', the Hamdard Public School, Madinat al-Hikmah, Karachi and Hamdard Foundation Pakistan was organised a 15th International Children's Health Conference on Thursday.
Published 07 Apr, 2006 12:00am
MMA to reverse privatisation if voted to power

MMA to reverse privatisation if voted to power

Muttahida Majlis-i-Amal (MMA) central leader Liaqat Baloch and Jamaat-i-Islami Deputy Secretary General Farid Piracha announced that MMA will reverse the privatisation of state-owned entities if it voted to power in the coming general elections.
Published 07 Apr, 2006 12:00am
MGE wheat higher on weather

MGE wheat higher on weather

Spring wheat futures on the Minneapolis Grain Exchange advanced on Wednesday, reaching three-week highs on fears of planting delays due to wet weather and flooding in parts of the northern US Plains, traders said.
Published 07 Apr, 2006 12:00am
New York coffee futures end firm

New York coffee futures end firm

Benchmark coffee futures settled up 0.9 percent on speculative buying on Wednesday, but the contract price met strong resistance at $1.1070 per lb. for the third consecutive day, market sources said.
Published 07 Apr, 2006 12:00am
New York cocoa posts modest gains

New York cocoa posts modest gains

Cocoa futures prices advanced amid light speculative buying on Wednesday, though the benchmark contract's settlement price clung to a 3-week trading range, market sources said.
Published 07 Apr, 2006 12:00am
Hindu-Muslim clashes kill 4 in Aligarh

Hindu-Muslim clashes kill 4 in Aligarh

Four people were killed and 18 injured in clashes between Hindus and Muslims in the northern Indian town of Aligarh, a senior official said on Thursday.
Published 07 Apr, 2006 12:00am
Rains delay some US crop seeding

Rains delay some US crop seeding

Recent rains across the US Midwest have buoyed farmers' expectations of strong corn and soybeans yields this year, but excessive moisture could delay spring planting in some parts of the region, agronomists said.
Published 07 Apr, 2006 12:00am
Hindu-Muslim clashes kill 4 in Aligarh

Hindu-Muslim clashes kill 4 in Aligarh

Four people were killed and 18 injured in clashes between Hindus and Muslims in the northern Indian town of Aligarh, a senior official said on Thursday.
Published 07 Apr, 2006 12:00am
Further decline halted in cotton market

Further decline halted in cotton market

After nearly five weeks of declining prices in the cotton market, lint prices stopped moving down further. In fact, the Karachi Cotton Association (KCA) which had reduced the ex-gin price of Grade 3 cotton earlier this week by Rs 25 per maund has now agai
Published 07 Apr, 2006 12:00am
Nuclear restraint regime best solution: Shaukat

Nuclear restraint regime best solution: Shaukat

Prime Minister Shaukat Aziz has said the whole initiative of US-India civilian nuclear deal can be enveloped in nuclear restraint regime which allows production of fissile material for all of South Asia, including India and Pakistan.
Published 07 Apr, 2006 12:00am
Further decline halted in cotton market

Further decline halted in cotton market

After nearly five weeks of declining prices in the cotton market, lint prices stopped moving down further. In fact, the Karachi Cotton Association (KCA) which had reduced the ex-gin price of Grade 3 cotton earlier this week by Rs 25 per maund has now agai
Published 07 Apr, 2006 12:00am
Developing countries must formulate own uplift plans

Developing countries must formulate own uplift plans

After daylong talks on Wednesday, the high-level panel on strengthening the UN operational activities concluded that each developing country must formulate and execute its own national development plan.
Published 07 Apr, 2006 12:00am
Gram prices up sharply on short supply

Gram prices up sharply on short supply

Grams prices went up sharply on the grain market on Thursday amid short supply position, dealers said. On the gram side, gram garda Punjab rose by Rs 50 to Rs 2400-2450.
Published 07 Apr, 2006 12:00am
Developing countries must formulate own uplift plans

Developing countries must formulate own uplift plans

After daylong talks on Wednesday, the high-level panel on strengthening the UN operational activities concluded that each developing country must formulate and execute its own national development plan.
Published 07 Apr, 2006 12:00am
Plastic mouldings mixed on Jodia Bazar

Plastic mouldings mixed on Jodia Bazar

Plastic mouldings trading closed mixed on Jodia Bazar on Thursday. The following variations were seen in HDPE injection Mobil 016 down 50 paisa to Rs 38.50, LLDPE W118 up 50 pasia to Rs 40, 7089 up 50 paisa to Rs 40, Sabic 500026 down Re 1 to Rs 41.
Published 07 Apr, 2006 12:00am
Developing countries must formulate own uplift plans

Developing countries must formulate own uplift plans

After daylong talks on Wednesday, the high-level panel on strengthening the UN operational activities concluded that each developing country must formulate and execute its own national development plan.
Published 07 Apr, 2006 12:00am
HRW wheat bids steady

HRW wheat bids steady

Hard red winter wheat basis bids were steady across the US Plains on Thursday, with grain dealers reporting a slow pace of country movement.
Published 07 Apr, 2006 12:00am
Guidelines issued to banks on ATM operations

Guidelines issued to banks on ATM operations

The State Bank of Pakistan (SBP) on Thursday issued the guidelines for compliance by all the commercial banks and switch operators for standardisation of ATM operations to reduce inconvenience to customers.
Published 07 Apr, 2006 12:00am
Spot rate raised by Rs 25 as prices stabilise on cotton market

Spot rate raised by Rs 25 as prices stabilise on cotton market

Buyers' fresh drive pushed the prices higher on the cotton market on Thursday, dealers said. The official spot rate recovered last week's loss by gaining Rs 25 to Rs 2425, without upcountry expenses. Prices held firmness on the increased demand.
Published 07 Apr, 2006 12:00am
Guidelines issued to banks on ATM operations

Guidelines issued to banks on ATM operations

The State Bank of Pakistan (SBP) on Thursday issued the guidelines for compliance by all the commercial banks and switch operators for standardisation of ATM operations to reduce inconvenience to customers.
Published 07 Apr, 2006 12:00am
Oil cake market rates

Oil cake market rates

Both the futures were lower on the forward cottonseed oilcake market on Thursday as arrival position was steady, which induced the buyers to be on the sidelines, dealers said.
Published 07 Apr, 2006 12:00am
Guidelines issued to banks on ATM operations

Guidelines issued to banks on ATM operations

The State Bank of Pakistan (SBP) on Thursday issued the guidelines for compliance by all the commercial banks and switch operators for standardisation of ATM operations to reduce inconvenience to customers.
Published 07 Apr, 2006 12:00am
CBOT wheat futures up on rebound

CBOT wheat futures up on rebound

Wheat futures at the Chicago Board of Trade settled higher on Wednesday in a rebound from near oversold technical areas and the market took note of solid gains in Minneapolis spring wheat market, traders said.
Published 07 Apr, 2006 12:00am
SBP injects Rs 8.6 billion in money market

SBP injects Rs 8.6 billion in money market

The State Bank of Pakistan (SBP) on Thursday injected Rs 8.6 billion in the money market through a reverse repo operation for nine days. The SBP pumped the liquidity in the market at 8.38 percent against Rs 23.3 billion offered bids of banks to improve th
Published 07 Apr, 2006 12:00am
Corn futures higher

Corn futures higher

Corn futures on the Chicago Board of Trade closed higher on Wednesday amid spillover support from gains in wheat, traders said. The fund buying in corn was estimated at 5,000 lots. CBOT corn closed 1/2 to 2 cents per bushel higher, with May up 1-3/4 at $2
Published 07 Apr, 2006 12:00am
Mild steel bar price up by Rs 6000 per ton

Mild steel bar price up by Rs 6000 per ton

The price of mild steel bar - one of the basic inputs used by the construction industry - has shot up by nearly Rs 6,000 per ton during the last 15 days, bashing badly the construction industry of the country, which is already hit by rising cost of produc
Published 07 Apr, 2006 12:00am
US Midwest corn and soyabean mostly steady

US Midwest corn and soyabean mostly steady

Corn and soyabean spot basis bids were mostly steady around the US Midwest on Thursday but some dealers in the eastern part of the region raised corn bids to try and spur farmer selling.
Published 07 Apr, 2006 12:00am
Mild steel bar price up by Rs 6000 per ton

Mild steel bar price up by Rs 6000 per ton

The price of mild steel bar - one of the basic inputs used by the construction industry - has shot up by nearly Rs 6,000 per ton during the last 15 days, bashing badly the construction industry of the country, which is already hit by rising cost of produc
Published 07 Apr, 2006 12:00am
FOB Gulf corn up, soyabean steady

FOB Gulf corn up, soyabean steady

US FOB Gulf corn basis offers strengthened on Wednesday as less grain was entering the export pipeline, while soya offers were steady, traders said.
Published 07 Apr, 2006 12:00am
Mild steel bar price up by Rs 6000 per ton

Mild steel bar price up by Rs 6000 per ton

The price of mild steel bar - one of the basic inputs used by the construction industry - has shot up by nearly Rs 6,000 per ton during the last 15 days, bashing badly the construction industry of the country, which is already hit by rising cost of produc
Published 07 Apr, 2006 12:00am
Newmont to sell Indonesian gold mine

Newmont to sell Indonesian gold mine

The Indonesian unit of US mining giant Newmont Mining Corp is in the process of selling a gold mine on Sumatra island as it was not economical, a spokeswoman said on Thursday.
Published 07 Apr, 2006 12:00am
MoC may propose action against EPB chief

MoC may propose action against EPB chief

The Commerce Ministry is likely to recommend strict action against Export Promotion Bureau (EPB) Chairman Tariq Ikram for forcing the selection committee to accommodate his favourites as executive directors, highly placed sources in the bureau told Bus
Published 07 Apr, 2006 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 80,250 tonnes of cargo including 62,483 tonnes import and 17,767 tonnes export cargo including 6,020 containers during last 24 hours ending at 0700 hours on Thursday.
Published 07 Apr, 2006 12:00am
MoC may propose action against EPB chief

MoC may propose action against EPB chief

The Commerce Ministry is likely to recommend strict action against Export Promotion Bureau (EPB) Chairman Tariq Ikram for forcing the selection committee to accommodate his favourites as executive directors, highly placed sources in the bureau told Bus
Published 07 Apr, 2006 12:00am
Singapore bunker fuel prices rise

Singapore bunker fuel prices rise

Singapore bunker prices rose on Thursday, but bunker premiums were stable at $3-$4 a tonne, indicating that demand-supply was balanced, traders said.
Published 07 Apr, 2006 12:00am
MoC may propose action against EPB chief

MoC may propose action against EPB chief

The Commerce Ministry is likely to recommend strict action against Export Promotion Bureau (EPB) Chairman Tariq Ikram for forcing the selection committee to accommodate his favourites as executive directors, highly placed sources in the bureau told Bus
Published 07 Apr, 2006 12:00am
Japan's copper output to fall

Japan's copper output to fall

Japan's smelters are due to produce a total of 773,844 tonnes of copper in the April-September period, down about 1.2 percent from a year ago, according to figures provided this week by the companies.
Published 07 Apr, 2006 12:00am
KSE index gains 19 points

KSE index gains 19 points

The share market closed with small gains as investors were still undecided about the fate of the bourses and adopted cautious approach and waiting for right moment to enter the market.
Published 07 Apr, 2006 12:00am
KSE index gains 19 points

KSE index gains 19 points

The share market closed with small gains as investors were still undecided about the fate of the bourses and adopted cautious approach and waiting for right moment to enter the market.
Published 07 Apr, 2006 12:00am
KSE index gains 19 points

KSE index gains 19 points

The share market closed with small gains as investors were still undecided about the fate of the bourses and adopted cautious approach and waiting for right moment to enter the market.
Published 07 Apr, 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 07 Apr, 2006 12:00am
BRIndex30 gains 0.17 percent

BRIndex30 gains 0.17 percent

BRIndex30 saw a gain of 21.59 or 0.17 percent with a high of 13,019.17 and a low of 12,907.10 before closing at 12,929.21. The volume amounted to 333,557,500, which is 78.50 percent of the total market and 90.94 percent of KSE-100 index.
Published 07 Apr, 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 07 Apr, 2006 12:00am
BRIndex30 gains 0.17 percent

BRIndex30 gains 0.17 percent

BRIndex30 saw a gain of 21.59 or 0.17 percent with a high of 13,019.17 and a low of 12,907.10 before closing at 12,929.21. The volume amounted to 333,557,500, which is 78.50 percent of the total market and 90.94 percent of KSE-100 index.
Published 07 Apr, 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 Thursday (April 06, 2006).

Published 07 Apr, 2006 12:00am
SCRAs down to $387 million

SCRAs down to $387 million

Withdrawals from the Special Convertible Rupee Accounts (SCRAs) have continued unabated ever since the balances reached a record level of $472 million on February 28. On April 4, the balances in these accounts dipped to the two-month low of $387 million.
Published 07 Apr, 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 Thursday (April 06, 2006).

Published 07 Apr, 2006 12:00am
SCRAs down to $387 million

SCRAs down to $387 million

Withdrawals from the Special Convertible Rupee Accounts (SCRAs) have continued unabated ever since the balances reached a record level of $472 million on February 28. On April 4, the balances in these accounts dipped to the two-month low of $387 million.
Published 07 Apr, 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 Thursday (April 06, 2006).

Published 07 Apr, 2006 12:00am
SCRAs down to $387 million

SCRAs down to $387 million

Withdrawals from the Special Convertible Rupee Accounts (SCRAs) have continued unabated ever since the balances reached a record level of $472 million on February 28. On April 4, the balances in these accounts dipped to the two-month low of $387 million.
Published 07 Apr, 2006 12:00am
'Fast Track Channel' set up in sales tax collectorates

'Fast Track Channel' set up in sales tax collectorates

The Central Board of Revenue (CBR) has set up "Fast Track Channel" in each collectorate of sales tax for payment of refund to the exporters of zero-rated sectors within seven days under SRO. 621(I)/2005.
Published 07 Apr, 2006 12:00am
'Fast Track Channel' set up in sales tax collectorates

'Fast Track Channel' set up in sales tax collectorates

The Central Board of Revenue (CBR) has set up "Fast Track Channel" in each collectorate of sales tax for payment of refund to the exporters of zero-rated sectors within seven days under SRO. 621(I)/2005.
Published 07 Apr, 2006 12:00am
Equities move both ways on LSE

Equities move both ways on LSE

Equities moved both ways on Lahore Stock Exchange (LSE) where the index moved in plus and minus zones to finally finish with a fractional decline amid lacking support from the key players.
Published 07 Apr, 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 Thursday (April 06, 2006).

Published 07 Apr, 2006 12:00am
Equities move both ways on LSE

Equities move both ways on LSE

Equities moved both ways on Lahore Stock Exchange (LSE) where the index moved in plus and minus zones to finally finish with a fractional decline amid lacking support from the key players.
Published 07 Apr, 2006 12:00am