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Print - 2006-06-20
BRIndex30 up 450.41 points

BRIndex30 up 450.41 points

The BRIndex30 opened in positive zone with a jump gap of 306.57 points and sustained this rise for the whole trading time, closing at 10,117.17. It registered a positive change of 450.41 or 4.66 percent on Monday with intra-day high of 10,131.47 and low o
Published 20 Jun, 2006 12:00am
KSE index opens week with 337-points gain

KSE index opens week with 337-points gain

The share market for the third day in a row on Monday recorded gains where almost every scrip on the board closed on its upper circuit-breaker and the attractive levels helped to index to cross the 9900-point level.
Published 20 Jun, 2006 12:00am
KSE index opens week with 337-points gain

KSE index opens week with 337-points gain

The share market for the third day in a row on Monday recorded gains where almost every scrip on the board closed on its upper circuit-breaker and the attractive levels helped to index to cross the 9900-point level.
Published 20 Jun, 2006 12:00am
KSE index opens week with 337-points gain

KSE index opens week with 337-points gain

The share market for the third day in a row on Monday recorded gains where almost every scrip on the board closed on its upper circuit-breaker and the attractive levels helped to index to cross the 9900-point level.
Published 20 Jun, 2006 12:00am
Jamshoro Power Company sell-off hits snags

Jamshoro Power Company sell-off hits snags

The privatisation process of Jamshoro Power Company (JPC) has hit snags as the prospective investors have turned down the draft of 3-year Power Purchase Agreement (PPA)--up to June, 30, 2009--saying that the agreement should be made on long-term basis.
Published 20 Jun, 2006 12:00am
Jamshoro Power Company sell-off hits snags

Jamshoro Power Company sell-off hits snags

The privatisation process of Jamshoro Power Company (JPC) has hit snags as the prospective investors have turned down the draft of 3-year Power Purchase Agreement (PPA)--up to June, 30, 2009--saying that the agreement should be made on long-term basis.
Published 20 Jun, 2006 12:00am
Jamshoro Power Company sell-off hits snags

Jamshoro Power Company sell-off hits snags

The privatisation process of Jamshoro Power Company (JPC) has hit snags as the prospective investors have turned down the draft of 3-year Power Purchase Agreement (PPA)--up to June, 30, 2009--saying that the agreement should be made on long-term basis.
Published 20 Jun, 2006 12:00am
Two girls burnt to death in Hindu-Muslim riots

Two girls burnt to death in Hindu-Muslim riots

Two girls were burnt to death in sectarian rioting between Hindus and Muslims sparked by the death of a youth in India's most populous state of Uttar Pradesh, police said Monday. "Over 100 houses were set ablaze in a Hindu-Muslim clash in which two girls
Published 20 Jun, 2006 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Monday (June 19, 2006).

Published 20 Jun, 2006 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Monday (June 19, 2006).

Published 20 Jun, 2006 12:00am
Clash over water in Kurrum Agency leaves 12 injured

Clash over water in Kurrum Agency leaves 12 injured

Villagers battled each other for water on Monday, using rifles, mortars and rocket-propelled grenades after one group tried to divert an irrigation canal. Twelve people were wounded in the fighting in the rugged Kurrum region on the Afghan border, said th
Published 20 Jun, 2006 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Monday (June 19, 2006).

Published 20 Jun, 2006 12:00am
Joint workshop of police officers, CPLC

Joint workshop of police officers, CPLC

National Council for Human Rights (NCHR) held a 2-day training workshop of local police officers here on Monday in collaboration with Citizen-Police Liaison Committee (CPLC).
Published 20 Jun, 2006 12:00am
Anti-drug poster exhibition

Anti-drug poster exhibition

Anti Narcotics Force (ANF) Punjab is holding a prize distribution ceremony of anti drug poster competition on June 20 here at Alhamra Hall. ANF Punjab Force Commander Brigadier Babur Idris will be the chief gust on the occasion. He will also inaugurate th
Published 20 Jun, 2006 12:00am
Water crisis threatens rice exports: Reap

Water crisis threatens rice exports: Reap

Rice exporters fear a shortage of water will reduce rice production and cut exports by about 15 percent during the fiscal year beginning on July 1, a top trade official said on Monday.
Published 20 Jun, 2006 12:00am
28 more illegal immigrants held

28 more illegal immigrants held

Pakistan Coast Guards (PCG) on Sunday arrested yet another 28 illegal immigrants, including 17 Afghans, on charge of illegal border crossing.
Published 20 Jun, 2006 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (June 19, 2006).

Published 20 Jun, 2006 12:00am
15000 to be recruited for police patrolling posts

15000 to be recruited for police patrolling posts

The Punjab government will recruit 15000 officials including 500 inspectors, 1000 assistant sub-inspectors, 1500 head constables, 9000 constables, 1000 drivers, 1000 wireless operators and 1000 class four employees to make police patrolling posts function
Published 20 Jun, 2006 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (June 19, 2006).

Published 20 Jun, 2006 12:00am
Transporters endorse June 30 strike call

Transporters endorse June 30 strike call

The National Transport Ittehad (NTI), Karachi, on Monday endorsed the wheel-jam strike call of the Pakhtoon Action Committee (Loya Jirga) on June 30.
Published 20 Jun, 2006 12:00am
Kuwait to set up oil refinery at Port Qasim

Kuwait to set up oil refinery at Port Qasim

Pakistan and Kuwait on Monday signed series of agreements and memorandums of understanding for enhancing bilateral economic relations including an MoU for setting up an oil refinery at Port Qasim.
Published 20 Jun, 2006 12:00am
World currencies and euro

World currencies and euro

Value of the euro in terms of other world currencies as prevailing in the week ended Monday (June 19, 2006).
Published 20 Jun, 2006 12:00am
Kuwait to set up oil refinery at Port Qasim

Kuwait to set up oil refinery at Port Qasim

Pakistan and Kuwait on Monday signed series of agreements and memorandums of understanding for enhancing bilateral economic relations including an MoU for setting up an oil refinery at Port Qasim.
Published 20 Jun, 2006 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Monday (June 19, 2006).

Published 20 Jun, 2006 12:00am
Kuwait to set up oil refinery at Port Qasim

Kuwait to set up oil refinery at Port Qasim

Pakistan and Kuwait on Monday signed series of agreements and memorandums of understanding for enhancing bilateral economic relations including an MoU for setting up an oil refinery at Port Qasim.
Published 20 Jun, 2006 12:00am
11-month forex deposits hit record

11-month forex deposits hit record

Not only the overseas Pakistanis remitted home a record amount of $4,136 million during 11 months of FY06, the competing Foreign Currency Deposits (FCDs) under FE-25 scheme also rose to a record $3,481 million by the end of May 2006 as against $3,105 mill
Published 20 Jun, 2006 12:00am
11-month forex deposits hit record

11-month forex deposits hit record

Not only the overseas Pakistanis remitted home a record amount of $4,136 million during 11 months of FY06, the competing Foreign Currency Deposits (FCDs) under FE-25 scheme also rose to a record $3,481 million by the end of May 2006 as against $3,105 mill
Published 20 Jun, 2006 12:00am
11-month forex deposits hit record

11-month forex deposits hit record

Not only the overseas Pakistanis remitted home a record amount of $4,136 million during 11 months of FY06, the competing Foreign Currency Deposits (FCDs) under FE-25 scheme also rose to a record $3,481 million by the end of May 2006 as against $3,105 mill
Published 20 Jun, 2006 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Monday (June 19, 2006).

Published 20 Jun, 2006 12:00am
PSMA offer turned down

PSMA offer turned down

The government on Monday formally turned down the Pakistan Sugar Mills Association (PSMA) offer for sale of sugar at imported rates, saying "it need not to buy stocks from the open market to stabilise rates and give the benefit to the poor".
Published 20 Jun, 2006 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Monday (June 19, 2006).
Published 20 Jun, 2006 12:00am
PSMA offer turned down

PSMA offer turned down

The government on Monday formally turned down the Pakistan Sugar Mills Association (PSMA) offer for sale of sugar at imported rates, saying "it need not to buy stocks from the open market to stabilise rates and give the benefit to the poor".
Published 20 Jun, 2006 12:00am
PSMA offer turned down

PSMA offer turned down

The government on Monday formally turned down the Pakistan Sugar Mills Association (PSMA) offer for sale of sugar at imported rates, saying "it need not to buy stocks from the open market to stabilise rates and give the benefit to the poor".
Published 20 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 Monday (June 19, 2006).

Published 20 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 Monday (June 19, 2006).

Published 20 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 Monday (June 19, 2006).

Published 20 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 Monday (June 19, 2006).

Published 20 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 20 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 20 Jun, 2006 12:00am
Oil cake market rates

Oil cake market rates

The futures moved with little change on the forward cottonseed oilcake market on Monday as many players made some buying to meet the immediate needs, dealers said.
Published 20 Jun, 2006 12:00am
Mexico sugar chamber sees higher production

Mexico sugar chamber sees higher production

Mexico's sugar industry chamber on Monday predicted production would be near 5.5 million tonnes for the 2006/2007 harvest, slightly above a previous estimate by the country's growers union. The chamber said it would have the industrial capacity to process
Published 20 Jun, 2006 12:00am
CIF Gulf corn and soya rise on export demand

CIF Gulf corn and soya rise on export demand

US CIF Gulf corn and soyabean basis values were higher on Monday in adjustment to lower CBOT futures overnight and brisk export demand, traders said.
Published 20 Jun, 2006 12:00am
China corn imports at 10 million tonnes by 2010

China corn imports at 10 million tonnes by 2010

China's growing industrial uses for corn, including ethanol, could help boost corn consumption by one-quarter by the end of this decade, forcing the country to import 10 million tonnes a year by 2010, a senior official said on Saturday.
Published 20 Jun, 2006 12:00am
China, India, Iran seek to buy Ghana cocoa direct

China, India, Iran seek to buy Ghana cocoa direct

China, India and Iran have approached the Ghanaian government to buy cocoa directly from the world's biggest producer, Ghana's finance minister said on Sunday during a visit by Chinese Premier Wen Jiabao.
Published 20 Jun, 2006 12:00am
Global firms lining up bids for India's wheat tender

Global firms lining up bids for India's wheat tender

Several international firms are lining up offers for India's 2.2-million-tonne wheat import tender, bids for which will be opened on Tuesday, but top exporter the United States could be missing, traders said.
Published 20 Jun, 2006 12:00am
Guinea alumina output could hit 10 million tonnes

Guinea alumina output could hit 10 million tonnes

Guinea could produce 10 million tonnes of alumina a year within a decade, more than ten times its current output, as investors flock to the West African nation, an industry executive told Reuters.
Published 20 Jun, 2006 12:00am
Ivorian cocoa arrivals seen up

Ivorian cocoa arrivals seen up

Cocoa arrivals at ports in Ivory Coast reached 1.230 million tonnes between October 1 and June 18, according to a rough estimate by major exporters on Monday. That compared with 1.216 million tonnes delivered to ports in the same period in 2004/05, indust
Published 20 Jun, 2006 12:00am
HRW wheat bids steady

HRW wheat bids steady

Spot basis bids for hard red winter wheat in the US Plains held mostly steady Monday with rain delaying combining in some areas. Gulf track bid remained non-existent for June delivery but climbed to 70 cents over July futures for July delivery.
Published 20 Jun, 2006 12:00am
US Midwest corn bids firm, soya and wheat mixed

US Midwest corn bids firm, soya and wheat mixed

Spot basis bids for corn were mostly steady to firm around the US Midwest on Monday due to low supplies at processors and elevators, while soyabean and wheat bids were mixed, grain dealers said. Farmer selling was expected to be light on Monday as weaknes
Published 20 Jun, 2006 12:00am
Shanghai retail gold prices to fall

Shanghai retail gold prices to fall

Shanghai's gold retailers will lower their benchmark price for gold jewellery by 8 percent as of Tuesday, tracking falls in local and international gold prices, the official Shanghai TV said.
Published 20 Jun, 2006 12:00am
Asian clean tanker rates recover

Asian clean tanker rates recover

Asian clean tanker freight rates on Middle East routes rebounded on Monday, on a spurt of naphtha system barrel bookings into North Asia, shipbrokers said.
Published 20 Jun, 2006 12:00am
Moong, dal turn lower on grain market

Moong, dal turn lower on grain market

Falling trend was seen on the grain market on Monday as most of the commodities tended lower on steady supply position, dealers said. On the cereals side, moong Canada lost Rs 50 to Rs 2550 and moong dal followed suit, dropping Rs 200 to Rs 2800. Wheat Me
Published 20 Jun, 2006 12:00am
Singapore bunker fuel prices fall

Singapore bunker fuel prices fall

Singapore bunker prices fell on Monday but the premium to fuel oil cargo values remained stable on tepid demand for a sixth consecutive session, traders said. Prices for 380-centistoke (cst) bunker fuel were pegged at $315-$317 a tonne, down $4 from Frida
Published 20 Jun, 2006 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 210,548 tonnes of cargo including 190,597 tonnes import, 19,951 tonnes export cargo and 3,559 containers during last 48 hours ending at 0700 hours on Monday.
Published 20 Jun, 2006 12:00am
Indian soyameal exports jump on strong demand

Indian soyameal exports jump on strong demand

India's soyameal exports are expected to nearly double to 3.7 million tonnes in the year ending September 2006 on strong demand from Vietnam and Japan and competitive prices, a top trade official said on Monday.
Published 20 Jun, 2006 12:00am
Copper falls below $7,000 on dollar

Copper falls below $7,000 on dollar

Copper prices dipped on Monday below $7,000 a tonne on a stronger dollar and Chinese selling after moves by top commodity consumer China to slow its economic growth, with many players staying on the sidelines to await direction.
Published 20 Jun, 2006 12:00am
Gold down in Tokyo on strong dollar

Gold down in Tokyo on strong dollar

Gold prices fell 1.6 percent on Monday as the dollar's rise and weaker oil prices prompted selling by investors who are wary of taking large buy positions after last week's selloff.
Published 20 Jun, 2006 12:00am
Malaysian tin ends flat

Malaysian tin ends flat

Malaysian tin closed flat on Monday, ignoring a drop in London prices, as sellers held back while awaiting further developments on the LME, dealers said.
Published 20 Jun, 2006 12:00am
Oil steadies at $70, Iran anxiety supportive

Oil steadies at $70, Iran anxiety supportive

Oil prices held firm around $70 on Monday after shedding 2.4 percent last week, with dealers weighing more positive signals from Iran on its atomic programme.
Published 20 Jun, 2006 12:00am
Turkey suspends grain export sale tenders

Turkey suspends grain export sale tenders

Turkey's state grain board TMO has suspended its programme of exports sales tenders until further notice, European traders said on Monday.
Published 20 Jun, 2006 12:00am
Alcotexa cotton sales in week

Alcotexa cotton sales in week

The Alexandria Cotton Exporters' Association (Alcotexa) said on Monday it had committed to sell 2,143.5 tonnes of cotton in the week which ended on June 17. Alcotexa figures showed sales of 105 tonnes of Giza 45, 146 tonnes of Giza 70, 196 tonnes of Giza
Published 20 Jun, 2006 12:00am
Indian sugar falls on settlement

Indian sugar falls on settlement

Indian sugar futures fell on Monday ahead of the monthly settlement on a key commodities exchange, while soyaoil lost in anticipation of higher supplies.
Published 20 Jun, 2006 12:00am
Thai sugar premiums drop further as demand thins

Thai sugar premiums drop further as demand thins

Premiums on Thai sugar dipped on Monday and were expected to fall a little further due to thin demand, traders said. Offers for Thai 100 ICUMSA white sugar, considered consumer grade, for August shipment were at $7 over London prices, or $459 per tonne fr
Published 20 Jun, 2006 12:00am
Fall in Australian sugarcane crop likely

Fall in Australian sugarcane crop likely

An outbreak of contagious fungal smut disease in Australia's sugarcane crop could cause production losses of up to A$750 million ($555 million) over the next five years, industry bodies Canegrowers said.
Published 20 Jun, 2006 12:00am
Japan likely to buy soya, corn, Korea seen quiet

Japan likely to buy soya, corn, Korea seen quiet

Grain importers in Japan are likely to seek purchases of soyabean and corn this week, while South Korean imports will slow as much of buyers' needs have been covered.
Published 20 Jun, 2006 12:00am
Australia, India close to resolve wheat dispute

Australia, India close to resolve wheat dispute

Australia is close to resolving a dispute with India over contract specifications in a $90 million wheat deal but has not decided whether Indian concessions in new import rules will spur it to bid in a big new tender.
Published 20 Jun, 2006 12:00am
Tokyo rubber futures rebound

Tokyo rubber futures rebound

Tokyo rubber futures rebounded on Monday as players took speculative buying positions after recent falls, backed by concerns about limited supply in Thailand, traders said.
Published 20 Jun, 2006 12:00am