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Print - 2006-06-15
26 Taleban killed in Afghanistan

26 Taleban killed in Afghanistan

Afghan and coalition forces killed 26 Taleban on the country's border with Pakistan on Wednesday while four civilians were killed in rocket attacks in the same area, a provincial governor said.
Published 15 Jun, 2006 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Wednesday (June 14, 2006).

Published 15 Jun, 2006 12:00am
26 Taleban killed in Afghanistan

26 Taleban killed in Afghanistan

Afghan and coalition forces killed 26 Taleban on the country's border with Pakistan on Wednesday while four civilians were killed in rocket attacks in the same area, a provincial governor said.
Published 15 Jun, 2006 12:00am
Fresh Airbus A380 delay hits EADS earnings

Fresh Airbus A380 delay hits EADS earnings

A fresh six-month delay in delivery of the Airbus A380 superjumbo revealed on Tuesday will cost parent EADS 2 billion euros ($2.5 billion) starting in 2007 just as it looks to fund an all-new, mid-sized model and buys out stakeholder BAE Systems Plc.
Published 15 Jun, 2006 12:00am
Fresh Airbus A380 delay hits EADS earnings

Fresh Airbus A380 delay hits EADS earnings

A fresh six-month delay in delivery of the Airbus A380 superjumbo revealed on Tuesday will cost parent EADS 2 billion euros ($2.5 billion) starting in 2007 just as it looks to fund an all-new, mid-sized model and buys out stakeholder BAE Systems Plc.
Published 15 Jun, 2006 12:00am
Paris Club turns 50; ready for new challenges

Paris Club turns 50; ready for new challenges

The Paris Club of creditor nations is ready for new challenges rather than a mid-life crisis as it turns 50. Created to co-ordinate deals with debtor countries which run into payment problems, the Paris Club now faces a new landscape, just as the Internat
Published 15 Jun, 2006 12:00am
Iraqi oil money should be shared with people: Bush

Iraqi oil money should be shared with people: Bush

The new Iraqi government should set up a trust fund to share the country's oil money with its people and is forming special repair teams to fix quickly energy sites that are attacked, President George W. Bush said on Wednesday.
Published 15 Jun, 2006 12:00am
Bonuses raised UK pay

Bonuses raised UK pay

British wages rose at their fastest pace in a year in the three months to April, data showed on Wednesday, but the increase was mainly due to one-off bonuses and is unlikely to jolt the Bank of England into hiking rates.
Published 15 Jun, 2006 12:00am
Malaysian palm oil down

Malaysian palm oil down

Malaysian crude palm oil futures fell on Wednesday due to poor demand and weak global commodity markets, dealers said. They said higher palm oil stocks in China, a leading buyer, and rising production had also dragged down the market. "Buyers are not aggr
Published 15 Jun, 2006 12:00am
Asian rubber: Tokyo futures slide

Asian rubber: Tokyo futures slide

Tokyo rubber futures fell by their daily limit on Wednesday dragged down by weakness in other commodities markets. Rubber prices on the Tokyo Commodity Exchange slipped for a second day, with most prices falling by the daily 8.0-yen limit by the close.
Published 15 Jun, 2006 12:00am
CBOT rice slips

CBOT rice slips

Chicago Board of Trade rough rice futures hit a three-week low on Tuesday as speculators liquidated long positions when sell-stops were hit amid the sell-off in other commodities, traders said.
Published 15 Jun, 2006 12:00am
Vietnam rice may fall

Vietnam rice may fall

Rice prices in Vietnam, the world's second-largest exporter of the grain, are set to fall from next month as the new harvest peaks, traders said on Wednesday.
Published 15 Jun, 2006 12:00am
Soybeans close lower on setback, weather

Soybeans close lower on setback, weather

Soybean futures at the Chicago Board of Trade closed lower on Tuesday, setting back from Monday's rally as concerns eased over hot and dry weather forecasts for the Midwest crop belt, traders said.
Published 15 Jun, 2006 12:00am
New York sugar settles at five-month low

New York sugar settles at five-month low

Raw sugar prices closed at a five-month low on Tuesday on speculative fund liquidation tied to players moving positions out of the spot month before the contract goes off the board at month's end, brokers said.
Published 15 Jun, 2006 12:00am
Indian wheat, soya and sugar futures fall

Indian wheat, soya and sugar futures fall

Indian wheat futures slid further on Wednesday on government's fresh import tender, while soya lost in line with a fall in global prices and sugar eased on better supplies.
Published 15 Jun, 2006 12:00am
US copper down amid metals sell-off

US copper down amid metals sell-off

COMEX copper futures lost 6.8 percent at the close on Tuesday as concerns over slowing economic growth amid a higher interest rate environment continued to depress sentiment and triggered a metals-wide sell-off, sources said.
Published 15 Jun, 2006 12:00am
Oil sinks for third day, US stockbuild expected

Oil sinks for third day, US stockbuild expected

Oil fell for a third day on Wednesday, down to a three and a half week low near $68 a barrel, after interest rate fears triggered a commodities-wide sell-off and on forecasts for a rise in fuel stocks in the United States.
Published 15 Jun, 2006 12:00am
Kenya tea prices firm on cold weather

Kenya tea prices firm on cold weather

Kenyan tea prices were generally firmer at this week's auction as buyers increased their activity in anticipation of decreasing supply due to cold weather, brokers said on Wednesday. The weekly sale in the port city of Mombassa was held on Tuesday.
Published 15 Jun, 2006 12:00am
Gold falls in volatile trade

Gold falls in volatile trade

Gold was on the defensive on Wednesday following a sell-off in precious and base metals the previous day, with sentiment dampened by a strong dollar, weak oil prices and concerns over interest rate hikes.
Published 15 Jun, 2006 12:00am
Tokyo gold down by daily 60-yen limit

Tokyo gold down by daily 60-yen limit

Precious metals on the Tokyo Commodity Exchange tumbled across the board and closed down by their daily limit on Wednesday, hit by a broad wave of commodities sell-off the previous day. Investors were pulling funds out of gold and other precious metals gi
Published 15 Jun, 2006 12:00am
New York gold ends at lowest since March

New York gold ends at lowest since March

Gold futures in New York plummeted 7.3 percent to close well below $600 an ounce on Tuesday, pressured by aggressive selling due to stronger dollar, soft oil price and concerns over interest rate hikes.
Published 15 Jun, 2006 12:00am
Copper falls for fifth day

Copper falls for fifth day

Copper prices fell for a fifth straight session on Wednesday as investors continued to pull money out of metals on concerns about a slowing global economy and tightening liquidity.
Published 15 Jun, 2006 12:00am
Malaysian tin hits four-month low

Malaysian tin hits four-month low

Malaysian tin fell two percent to a 4-month low on Wednesday, as players liquidated their positions after losses on the London market, traders said.
Published 15 Jun, 2006 12:00am
New York cocoa futures end firmer

New York cocoa futures end firmer

Nearby cocoa futures eked out modest gains Tuesday, underpinned by light industry buying in line with trade support in London, market sources said. The New York Board of Trade's active cocoa contract for September delivery finished up just $1 at $1,491 a
Published 15 Jun, 2006 12:00am
New York coffee extends nine-month low

New York coffee extends nine-month low

Arabica coffee futures sagged to a new nine-month low Tuesday on limited industry support and continued speculative selling as top coffee grower Brazil harvests a hearty crop, traders said.
Published 15 Jun, 2006 12:00am
MGE wheat futures drift lower

MGE wheat futures drift lower

Spring wheat futures on the Minneapolis Grain Exchange closed lower on Tuesday, following the weaker trend established in the Kansas City and Chicago wheat markets, traders said.
Published 15 Jun, 2006 12:00am
Arkansas SRW wheat yields solid

Arkansas SRW wheat yields solid

US soft red winter wheat yields in Arkansas have been better than expected, and most Midwestern states are likely to show robust yields this year despite a warmer-than-usual winter that caused some damage to the crop, agronomists said.
Published 15 Jun, 2006 12:00am
Pakistan's edible oil imports seen slow

Pakistan's edible oil imports seen slow

Pakistan's vegetable oil imports are likely to remain slow amid expectations of lower prices on the international market as a result of slack global demand, dealers said on Wednesday. "The weakness in the international market is likely to continue," said
Published 15 Jun, 2006 12:00am
Cotton prices hit new high in good business

Cotton prices hit new high in good business

Good business was seen on the cotton market on Wednesday as mills made fresh buying, perhaps to save themselves from future losses, dealers said. The spot rate was unchanged at 2525, without upcountry expenses.
Published 15 Jun, 2006 12:00am
Oil cake market rates

Oil cake market rates

Subdued trading was seen on the forward cottonseed oilcake market on Wednesday as higher prices restricted the players' purchasing, dealers said.
Published 15 Jun, 2006 12:00am
CBOT wheat futures lower on harvest pressure

CBOT wheat futures lower on harvest pressure

Soft red winter wheat futures on the Chicago Board of Trade fell to fresh one-month lows on Tuesday on harvest-related pressure and a meltdown in the gold market, traders said.
Published 15 Jun, 2006 12:00am
US Midwest bids for corn rise, soya and wheat steady

US Midwest bids for corn rise, soya and wheat steady

Spot basis bids for corn rose in Nebraska due to rising demand from processors there, but were steady at other interior locations in the US Midwest Wednesday, grain dealers said. Cash bids for soyabeans and wheat were mostly steady.
Published 15 Jun, 2006 12:00am
Corn futures lower as weather jitters ease

Corn futures lower as weather jitters ease

Corn futures at the Chicago Board of Trade closed lower on Tuesday, setting back from Monday's rally amid easing concerns about the state of the US corn crop as some updated weather forecasts for the Midwest added rain, traders said.
Published 15 Jun, 2006 12:00am
FOB Gulf corn rises; soyabean, wheat steady

FOB Gulf corn rises; soyabean, wheat steady

US FOB Gulf corn basis offers rose on Tuesday, supported by export demand from multiple destinations, while soyabeans and wheat were mostly steady, traders said.
Published 15 Jun, 2006 12:00am
HRW wheat bids flat in US Plains

HRW wheat bids flat in US Plains

Spot basis bids for hard red winter wheat in the US Plains were unchanged on Wednesday with lacklustre mill demand and only light farmer selling of the new crop, merchants said.
Published 15 Jun, 2006 12:00am
Irri rice prices up on grain market

Irri rice prices up on grain market

Strong demand by the exporters pushed the rice prices up on the grain market on Wednesday as other commodities maintained the overnight levels, dealers said.
Published 15 Jun, 2006 12:00am
Russian grain exports likely to fall

Russian grain exports likely to fall

Russian grain exports will fall to between 6 million and 7 million tonnes in the 2006/07 season as the country harvests less this year, Agriculture Minister Alex Gordeyev said on Wednesday.
Published 15 Jun, 2006 12:00am
Brazilian cocoa arrivals fall

Brazilian cocoa arrivals fall

Brazilian 2006/07 (May/April) cocoa arrivals from Bahia and other states totalled 435,424 60-kg bags by June 11, down 47 percent from 816,230 bags a year ago, Bahia Commercial Association said Wednesday.
Published 15 Jun, 2006 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 104,108 tonnes of cargo including 95,505 tonnes import, 8,603 tonnes export cargo and 4,721 containers during last 24 hours ending at 0700 hours on Wednesday.
Published 15 Jun, 2006 12:00am
Singapore bunker fuel prices lower

Singapore bunker fuel prices lower

Asian bunker prices closed lower from week-ago levels on Wednesday, dampened by poor dem and heavy supplies, particularly in Japan and South Korea, but a tight Hong Kong market supported premiums there, traders said.
Published 15 Jun, 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 15 Jun, 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 15 Jun, 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 (June 14, 2006).

Published 15 Jun, 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 (June 14, 2006).

Published 15 Jun, 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 (June 14, 2006).

Published 15 Jun, 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 (June 14, 2006).

Published 15 Jun, 2006 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Wednesday (June 14, 2006).
Published 15 Jun, 2006 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Wednesday (June 14, 2006).

Published 15 Jun, 2006 12:00am
Rs 274 billion tax-free Punjab budget presented

Rs 274 billion tax-free Punjab budget presented

Punjab Finance Minister Hasnain Bahadur Dareshak on Wednesday unveiled in the Provincial Assembly Rs 274 billion tax-free provincial budget for 2006-07, showing revenue surplus of Rs 82 billion. The budget, which is 22.13 percent more than the current yea
Published 15 Jun, 2006 12:00am
Rs 274 billion tax-free Punjab budget presented

Rs 274 billion tax-free Punjab budget presented

Punjab Finance Minister Hasnain Bahadur Dareshak on Wednesday unveiled in the Provincial Assembly Rs 274 billion tax-free provincial budget for 2006-07, showing revenue surplus of Rs 82 billion. The budget, which is 22.13 percent more than the current yea
Published 15 Jun, 2006 12:00am
Rs 274 billion tax-free Punjab budget presented

Rs 274 billion tax-free Punjab budget presented

Punjab Finance Minister Hasnain Bahadur Dareshak on Wednesday unveiled in the Provincial Assembly Rs 274 billion tax-free provincial budget for 2006-07, showing revenue surplus of Rs 82 billion. The budget, which is 22.13 percent more than the current yea
Published 15 Jun, 2006 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Wednesday (June 14, 2006).

Published 15 Jun, 2006 12:00am
Rs 274 billion tax-free Punjab budget presented

Rs 274 billion tax-free Punjab budget presented

Punjab Finance Minister Hasnain Bahadur Dareshak on Wednesday unveiled in the Provincial Assembly Rs 274 billion tax-free provincial budget for 2006-07, showing revenue surplus of Rs 82 billion. The budget, which is 22.13 percent more than the current yea
Published 15 Jun, 2006 12:00am
Exit mechanism limit revised

Exit mechanism limit revised

The Karachi Stock Exchange (KSE) has decided to revise the exit mechanism limit to five percent applied on third session from earlier limit of 20 percent to stem the free fall of the local bourse.
Published 15 Jun, 2006 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Wednesday (June 14, 2006).

Published 15 Jun, 2006 12:00am
Exit mechanism limit revised

Exit mechanism limit revised

The Karachi Stock Exchange (KSE) has decided to revise the exit mechanism limit to five percent applied on third session from earlier limit of 20 percent to stem the free fall of the local bourse.
Published 15 Jun, 2006 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Wednesday (June 14, 2006).

Published 15 Jun, 2006 12:00am
Exit mechanism limit revised

Exit mechanism limit revised

The Karachi Stock Exchange (KSE) has decided to revise the exit mechanism limit to five percent applied on third session from earlier limit of 20 percent to stem the free fall of the local bourse.
Published 15 Jun, 2006 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Wednesday (June 14, 2006).

Published 15 Jun, 2006 12:00am
CVT on property transfer non-negotiable: Shaukat

CVT on property transfer non-negotiable: Shaukat

Prime Minister Shaukat Aziz Shaukat Aziz said on Wednesday that CVT on property transfer was 'non-negotiable', and tax on cheque encashment will also to stay. He disclosed that by end of this year gas pipeline with Iran would be finalised, while explorati
Published 15 Jun, 2006 12:00am
CVT on property transfer non-negotiable: Shaukat

CVT on property transfer non-negotiable: Shaukat

Prime Minister Shaukat Aziz Shaukat Aziz said on Wednesday that CVT on property transfer was 'non-negotiable', and tax on cheque encashment will also to stay. He disclosed that by end of this year gas pipeline with Iran would be finalised, while explorati
Published 15 Jun, 2006 12:00am
CVT on property transfer non-negotiable: Shaukat

CVT on property transfer non-negotiable: Shaukat

Prime Minister Shaukat Aziz Shaukat Aziz said on Wednesday that CVT on property transfer was ''non-negotiable'', and tax on cheque encashment will also to stay. He disclosed that by end of this year gas pipeline with Iran would be finalised, while explora
Published 15 Jun, 2006 12:00am
Services sector introduced

Services sector introduced

With an allocation of Rs 500 million, the Punjab government has introduced a services sector to facilitate the private sector through reducing cost of doing businesses, promoting trade and investment by creating a business-friendly environment.
Published 15 Jun, 2006 12:00am
LSE equities suffer more losses

LSE equities suffer more losses

Share prices suffered further losses on Lahore Stock Exchange (LSE), with index losing 6.79-percent while analysts feared more falls, if the government failed to take immediate corrective measures.
Published 15 Jun, 2006 12:00am
THE RUPEE: six paisa gain versus dollar in open market

THE RUPEE: six paisa gain versus dollar in open market

Firm trend was seen in the interbank market on Wednesday as the rupee retained its overnight levels for buying and selling at 60.14 and 60.16, respectively. Though the fiscal year about to end and the import payments are near completion, the rupee did not
Published 15 Jun, 2006 12:00am
Allocations for agriculture sector enhanced

Allocations for agriculture sector enhanced

The Punjab government has increased 2006-07 budgetary allocations for agriculture and its allied sectors, and has allocated Rs 1100 million for agriculture, Rs 600 million for livestock, Rs 200 million for forestry, Rs 310 million for management, developm
Published 15 Jun, 2006 12:00am
THE RUPEE: six paisa gain versus dollar in open market

THE RUPEE: six paisa gain versus dollar in open market

Firm trend was seen in the interbank market on Wednesday as the rupee retained its overnight levels for buying and selling at 60.14 and 60.16, respectively. Though the fiscal year about to end and the import payments are near completion, the rupee did not
Published 15 Jun, 2006 12:00am
Allocations for agriculture sector enhanced

Allocations for agriculture sector enhanced

The Punjab government has increased 2006-07 budgetary allocations for agriculture and its allied sectors, and has allocated Rs 1100 million for agriculture, Rs 600 million for livestock, Rs 200 million for forestry, Rs 310 million for management, developm
Published 15 Jun, 2006 12:00am
Services sector introduced

Services sector introduced

With an allocation of Rs 500 million, the Punjab government has introduced a services sector to facilitate the private sector through reducing cost of doing businesses, promoting trade and investment by creating a business-friendly environment.
Published 15 Jun, 2006 12:00am
Wapda and KESC to pay sales tax on amount billed to consumers

Wapda and KESC to pay sales tax on amount billed to consumers

The government has made it mandatory, from July 1, 2006, for both the Karachi Electric Supply Corporation (KESC) and the Water and Power Development Authority (Wapda) to pay sales tax on ''total amount billed to consumers''.
Published 15 Jun, 2006 12:00am
Wapda and KESC to pay sales tax on amount billed to consumers

Wapda and KESC to pay sales tax on amount billed to consumers

The government has made it mandatory, from July 1, 2006, for both the Karachi Electric Supply Corporation (KESC) and the Water and Power Development Authority (Wapda) to pay sales tax on ''''total amount billed to consumers''''.
Published 15 Jun, 2006 12:00am