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Print - 2006-06-27
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Monday (June 26, 2006).

Published 27 Jun, 2006 12:00am
Pakistan Steel billets prices increased

Pakistan Steel billets prices increased

The Pakistan Steel (PS) on Monday increased the prices of billets up to Rs 2,300 per tonne in the wake of higher steel and raw material prices on the international front, sources said. The billet (100x100) is now being tagged at Rs 29,555 per tonne includ
Published 27 Jun, 2006 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Monday (June 26, 2006).

Published 27 Jun, 2006 12:00am
One million tons sugar shortage seen next year

One million tons sugar shortage seen next year

The government has projected one million tons sugar shortfall during the next year, after receiving reports from the provinces that there was no substantial increase in sugarcane cultivation area, official sources told Business Recorder.
Published 27 Jun, 2006 12:00am
One million tons sugar shortage seen next year

One million tons sugar shortage seen next year

The government has projected one million tons sugar shortfall during the next year, after receiving reports from the provinces that there was no substantial increase in sugarcane cultivation area, official sources told Business Recorder.
Published 27 Jun, 2006 12:00am
One million tons sugar shortage seen next year

One million tons sugar shortage seen next year

The government has projected one million tons sugar shortfall during the next year, after receiving reports from the provinces that there was no substantial increase in sugarcane cultivation area, official sources told Business Recorder.
Published 27 Jun, 2006 12:00am
Imported cement not yet reached market

Imported cement not yet reached market

Imported cement of questionable quality has not yet reached the market, but its locally produced variant is available at considerably reduced prices suggesting that the recent price-hike was seasonal.
Published 27 Jun, 2006 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (June 26, 2006).

Published 27 Jun, 2006 12:00am
Imported cement not yet reached market

Imported cement not yet reached market

Imported cement of questionable quality has not yet reached the market, but its locally produced variant is available at considerably reduced prices suggesting that the recent price-hike was seasonal.
Published 27 Jun, 2006 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (June 26, 2006).

Published 27 Jun, 2006 12:00am
Imported cement not yet reached market

Imported cement not yet reached market

Imported cement of questionable quality has not yet reached the market, but its locally produced variant is available at considerably reduced prices suggesting that the recent price-hike was seasonal.
Published 27 Jun, 2006 12:00am
BRIndex30 sheds 492.25 points

BRIndex30 sheds 492.25 points

On Monday, the BRIndex30 opened with a positive gap of 150.4 points, but couldn't sustain the rise, and fell after staying up for around half the trading time eventually closing at 9,598.14 with a negative change of -492.25 or -4.88 percent.
Published 27 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 26, 2006).
Published 27 Jun, 2006 12:00am
BRIndex30 sheds 492.25 points

BRIndex30 sheds 492.25 points

On Monday, the BRIndex30 opened with a positive gap of 150.4 points, but couldn't sustain the rise, and fell after staying up for around half the trading time eventually closing at 9,598.14 with a negative change of -492.25 or -4.88 percent.
Published 27 Jun, 2006 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Monday (June 26, 2006).

Published 27 Jun, 2006 12:00am
KSE plunges 403 points

KSE plunges 403 points

Selling pressure on the first session of the new week badly bruised the sentiment of the investors resulting in that all the key stocks closed on a lower circuit, shrinking the daily volume.
Published 27 Jun, 2006 12:00am
KSE plunges 403 points

KSE plunges 403 points

Selling pressure on the first session of the new week badly bruised the sentiment of the investors resulting in that all the key stocks closed on a lower circuit, shrinking the daily volume.
Published 27 Jun, 2006 12:00am
KSE plunges 403 points

KSE plunges 403 points

Selling pressure on the first session of the new week badly bruised the sentiment of the investors resulting in that all the key stocks closed on a lower circuit, shrinking the daily volume.
Published 27 Jun, 2006 12:00am
South Asia can cut poverty, needs even growth: World Bank

South Asia can cut poverty, needs even growth: World Bank

South Asia could cut poverty much further in the coming decade if it grows at a faster pace than in the past 10 years and ensures prosperity is more evenly distributed, a World Bank report said on Sunday.
Published 27 Jun, 2006 12:00am
Climate change is 'serious problem': Bush

Climate change is 'serious problem': Bush

US President George W. Bush on Monday said it was time to move past a debate over whether human activity is a significant factor behind global warming and into a discussion of possible remedies. "I have said consistently that global warming is a serious p
Published 27 Jun, 2006 12:00am
Jamadi-us-Sani moon not sighted

Jamadi-us-Sani moon not sighted

Chairman Central Ruet-e-Hilal Committee, Mufti Muneeb-ur-Rehman on Monday announced that the moon of Jamadi-us-Sani not sighted. The meeting for sighting of moon was held here on Monday under the chairmanship of Mufti Muneeb-ur-Rehman.
Published 27 Jun, 2006 12:00am
Seven soldiers killed in suicide attack

Seven soldiers killed in suicide attack

Seven soldiers were killed when a suicide bomber blew up his car at a checkpost in North Waziristan on Monday, a day after militants there announced a truce, officials said. It was the second suicide blast in a month in North Waziristan.
Published 27 Jun, 2006 12:00am
Seven soldiers killed in suicide attack

Seven soldiers killed in suicide attack

Seven soldiers were killed when a suicide bomber blew up his car at a checkpost in North Waziristan on Monday, a day after militants there announced a truce, officials said. It was the second suicide blast in a month in North Waziristan.
Published 27 Jun, 2006 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Monday (June 26, 2006).

Published 27 Jun, 2006 12:00am
Tariff relief on import of 26 items cancelled

Tariff relief on import of 26 items cancelled

Withdrawing tariff concession on import of 26 items, the government has levied statutory rate of customs duty on these items, including certain pharmaceutical raw materials, to give protection to local industry. The CBR has amended SRO 567(I) 2006 of June
Published 27 Jun, 2006 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Monday (June 26, 2006).
Published 27 Jun, 2006 12:00am
Tariff relief on import of 26 items cancelled

Tariff relief on import of 26 items cancelled

Withdrawing tariff concession on import of 26 items, the government has levied statutory rate of customs duty on these items, including certain pharmaceutical raw materials, to give protection to local industry. The CBR has amended SRO 567(I) 2006 of June
Published 27 Jun, 2006 12:00am
Tariff relief on import of 26 items cancelled

Tariff relief on import of 26 items cancelled

Withdrawing tariff concession on import of 26 items, the government has levied statutory rate of customs duty on these items, including certain pharmaceutical raw materials, to give protection to local industry. The CBR has amended SRO 567(I) 2006 of June
Published 27 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 26, 2006).

Published 27 Jun, 2006 12:00am
Tariff relief on import of 26 items cancelled

Tariff relief on import of 26 items cancelled

Withdrawing tariff concession on import of 26 items, the government has levied statutory rate of customs duty on these items, including certain pharmaceutical raw materials, to give protection to local industry. The CBR has amended SRO 567(I) 2006 of June
Published 27 Jun, 2006 12:00am
Musharraf urges PML leaders to remove differences

Musharraf urges PML leaders to remove differences

President General Pervez Musharraf has reiterated that fair, free and transparent elections would be held on schedule. He was talking to central leader of the Pakistan Muslim League and former Punjab chief minister Mian Manzoor Ahmed Watto, who called on
Published 27 Jun, 2006 12:00am
Musharraf urges PML leaders to remove differences

Musharraf urges PML leaders to remove differences

President General Pervez Musharraf has reiterated that fair, free and transparent elections would be held on schedule. He was talking to central leader of the Pakistan Muslim League and former Punjab chief minister Mian Manzoor Ahmed Watto, who called on
Published 27 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 26, 2006).

Published 27 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 26, 2006).

Published 27 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 26, 2006).

Published 27 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 27 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 27 Jun, 2006 12:00am
Oil cake market rates

Oil cake market rates

Modest changes were seen in the forward cottonseed oilcake market on Monday as buyers took little interest in fresh purchasing, dealers said.
Published 27 Jun, 2006 12:00am
Mills, exporters throng TCP cotton auction, no deal in ready

Mills, exporters throng TCP cotton auction, no deal in ready

Firmness prevailed in the cotton market on Monday as both exporters and mills throng the Trading Corporation of Pakistan (TCP) to grab every offer at the auction by the corporation, dealers said. The official spot was at Rs 2600, without upcountry expense
Published 27 Jun, 2006 12:00am
Brazilian coffee seen cooler, wetter

Brazilian coffee seen cooler, wetter

Brazilian coffee farms will have cooler and wetter weather this week as a cold front rolls across the region, but there is no risk of frost, private forecaster Somar predicted Monday.
Published 27 Jun, 2006 12:00am
German wheat crop likely to rise

German wheat crop likely to rise

Germany is likely to harvest 24.04 million tonnes of wheat this year, up from 23.64 million in 2005, trading house Toepfer International said on Monday.
Published 27 Jun, 2006 12:00am
Ivorian cocoa arrivals seen up

Ivorian cocoa arrivals seen up

Cocoa arrivals at ports in Ivory Coast reached 1.249 million tonnes between October 1 and June 25, according to a rough estimate by exporters on Monday. That put arrivals since the start of the 2005/06 season on par with a year ago, when the same quantity
Published 27 Jun, 2006 12:00am
India's Tata Coffee to buy US firm

India's Tata Coffee to buy US firm

India's Tata Coffee Ltd said on Sunday it had agreed to buy US-based Eight O'Clock Coffee Company for $220 million from private equity firm Gryphon Investors.
Published 27 Jun, 2006 12:00am
US Midwest corn steady to firm, soya mostly unchanged

US Midwest corn steady to firm, soya mostly unchanged

Spot basis bids for corn were steady to firm around the US Midwest on Monday while soyabean bids were mostly unchanged, grain dealers said. Country movement was expected to be mostly slow around the region, with the futures market expected to open lower a
Published 27 Jun, 2006 12:00am
Zambia harvests 1.4 million tonnes maize

Zambia harvests 1.4 million tonnes maize

Zambian farmers are busy harvesting white maize but poor marketing arrangements may hamper plans to raise output to 2.4 million tonnes next year, a farmers' group said on Monday.
Published 27 Jun, 2006 12:00am
China's copper imports fall

China's copper imports fall

China's copper imports fell 60 percent in the first five months of this year as high copper prices and rising domestic supply reduced its need to ship in metal.
Published 27 Jun, 2006 12:00am
HRW wheat bids steady to firm

HRW wheat bids steady to firm

Spot basis bids for hard red winter wheat in the US Plains were steady to firm on Monday as country movement remained slow despite some rain delays to the harvest, wheat merchants said. Basis bids firmed by 5 cents in Wichita and Topeka, Kansas, and were
Published 27 Jun, 2006 12:00am
Hungary's wheat crop to fall

Hungary's wheat crop to fall

Hungary's wheat crop is expected around 4.7 million tonnes, down by 8 percent from last year, and grains harvesting will start at the end of the week in good weather, the Agriculture Ministry said on Monday.
Published 27 Jun, 2006 12:00am
Raw rubber down on Jodia Bazar

Raw rubber down on Jodia Bazar

The trading in raw rubber finished downward on Jodia Bazar on Monday. The following changes were noted:
Published 27 Jun, 2006 12:00am
Singapore bunker fuel prices rise

Singapore bunker fuel prices rise

Singapore bunker prices rose on Monday as the premium to fuel oil cargo values rose to abbout $5 a tonne, traders said. Prices for 380-centistoke (cst) bunker fuel were pegged at $319-$321 a tonne, up $2 from Friday's Asian close, with the differential to
Published 27 Jun, 2006 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 224,651 tonnes of cargo including 168,632 tonnes import, 56,019 tonnes export cargo and 4,589 containers during last 48 hours ending at 0700 hours on Monday.
Published 27 Jun, 2006 12:00am
Malaysian tin drops 0.5 percent

Malaysian tin drops 0.5 percent

Malaysian tin fell 0.5 percent on Monday, tracking a drop in prices in London, amid scattered buying by foreigners, dealers said. Spot tin on the Kuala Lumpur Tin Exchange ended down $40 at $7,810, after having lost $30 in the previous session.
Published 27 Jun, 2006 12:00am
Copper inches up in thin trade

Copper inches up in thin trade

Copper prices crept up in thin trade on Monday as investors stayed on the sidelines ahead of the US Federal Reserve's decision this week on interest rates, which may dent demand and lead to slowing economic growth.
Published 27 Jun, 2006 12:00am
Tokyo gold futures edge up

Tokyo gold futures edge up

Tokyo gold futures staged a modest rally on Monday, supported by gains in New York and a soft yen, but trade was thin and rangebound ahead of this week's Federal Reserve policy meeting.
Published 27 Jun, 2006 12:00am
Gold shrugs off strong dollar to rise $1 an ounce

Gold shrugs off strong dollar to rise $1 an ounce

Gold shrugged off a stronger US dollar to gain about $1 on Monday as investors weighed inflation prospects on the back of costly oil prices. Gains in Tokyo Commodity Exchange gold futures also gave gold a leg-up in trading across Asia, dealers said. "We'r
Published 27 Jun, 2006 12:00am
Indonesian palm oil up

Indonesian palm oil up

Indonesian palm oil markets were lacklustre on Monday with players hugging the sidelines waiting for clearer price direction, traders said. A weakening rupiah against the US dollar supported prices, they added.
Published 27 Jun, 2006 12:00am
Oil edges down after signs of higher Iraqi output

Oil edges down after signs of higher Iraqi output

Oil edged down on Monday after signs of improved Iraqi production, but held near $71 a barrel as US gasoline demand is still growing despite near-record prices while traders worry over supply disruptions.
Published 27 Jun, 2006 12:00am
Malaysian palm oil output

Malaysian palm oil output

Malaysian palm oil output is expected to total 15.5 million tonnes in 2007, Commodities Minister Peter Chin said on Monday. He did not give a figure for 2006. Output in the world's largest producing country totalled 15.4 million tonnes in 2005, he said.
Published 27 Jun, 2006 12:00am
Indian wheat and sugar fall

Indian wheat and sugar fall

Indian wheat futures dropped on Monday as the market awaited details on the government's decision on freer imports, while soya oil slipped after rains in the oilseed-growing regions.
Published 27 Jun, 2006 12:00am
Thai sugar premiums expected to fall

Thai sugar premiums expected to fall

Thai sugar premiums were firm on Monday but were expected to dip over the next few weeks, as demand was sluggish, traders said. Offers for Thai 100 ICUMSA white sugar, considered consumer grade, for August shipment were at $10 per tonne over London prices
Published 27 Jun, 2006 12:00am
Mauritius sugar growers urged to merge farms

Mauritius sugar growers urged to merge farms

Mauritius sugar planters must merge their small plots into industrial-sized farms if they are to survive competition and planned European Union subsidy cuts, the agriculture minister said on Monday.
Published 27 Jun, 2006 12:00am
Japanese buyers seeking soya

Japanese buyers seeking soya

Japanese soyabean importers are seeking to buy August shipments this week, but the pace of buying is still slow given high prices in Brazilian crops and recent gains in freight rates.
Published 27 Jun, 2006 12:00am
Egypt's Alcotexa sells 965 tonnes of cotton in week

Egypt's Alcotexa sells 965 tonnes of cotton in week

The Alexandria Cotton Exporters' Association (Alcotexa) said on Monday it had committed to sell 965 tonnes of cotton in the week which ended on June 24. Alcotexa figures showed sales of 200 tonnes of Giza 70, 107 tonnes of Giza 88 and 658 tonnes of Giza 8
Published 27 Jun, 2006 12:00am
Cyprus tenders to buy up to 25,000 tonnes feed barley

Cyprus tenders to buy up to 25,000 tonnes feed barley

The state Cyprus Grains Commission has issued a tender to purchase 3,000 to 25,000 tonnes of feed barley, European traders said on Monday. Origin was optional, shipment was before August 10 and the bidding deadline was Thursday (June 29). Traders said the
Published 27 Jun, 2006 12:00am
Tokyo rubber futures edge lower

Tokyo rubber futures edge lower

Tokyo rubber futures closed mostly lower on Monday as weak technical signals lead to selling on rallies, but the market was supported by growing supply concerns after last week's drop in Japanese inventories.
Published 27 Jun, 2006 12:00am
Malaysian palm oil futures move both ways

Malaysian palm oil futures move both ways

Malaysian crude palm oil futures ended mixed by midday on Monday, but the most active contract rose 4 ringgit on better export figures and a weaker ringgit.
Published 27 Jun, 2006 12:00am
Phelps Dodge to buy Inco, Falconbridge for $40 billion

Phelps Dodge to buy Inco, Falconbridge for $40 billion

Phelps Dodge Corp on Monday said it would acquire Canada's Inco Ltd and Falconbridge Ltd for about $40 billion in a blockbuster deal to create the world's largest nickel miner and second-largest copper producer.
Published 27 Jun, 2006 12:00am
Kraft chief executive leaves

Kraft chief executive leaves

Kraft Foods Inc replaced its Chief Executive Roger Deromedi on Monday, effective immediately. The company said Irene B. Rosenfeld will become chief executive officer and that Deromedi mutually agreed with Kraft's board to step down.
Published 27 Jun, 2006 12:00am
US new home sales rise

US new home sales rise

Sales of new US homes again defied predictions of a slowdown in May and rose 4.6 percent, but median sales prices fell and the US Northeast experienced its slowest sales tempo in nearly two years, according to a government report on Monday.
Published 27 Jun, 2006 12:00am
Developer Silverstein sues over WTC insurance cash

Developer Silverstein sues over WTC insurance cash

World Trade Center developer Larry Silverstein and the Port Authority of New York and New Jersey on Monday sued insurers to demand that they pay up on the buildings destroyed in the September 11 attacks.
Published 27 Jun, 2006 12:00am
Japan government, parties agree $123 billion cost cuts

Japan government, parties agree $123 billion cost cuts

Japan's government and ruling coalition parties agreed on Monday to seek up to 14.3 trillion yen ($123 billion) in spending cuts over the next five years in an effort to balance the budget, party officials said.
Published 27 Jun, 2006 12:00am
Tougher rate rises may be needed: BIS

Tougher rate rises may be needed: BIS

Central banks may need to raise interest rates more forcefully than so far to keep inflationary pressures in check and it is unclear how high they must go, the Bank for International Settlements said on Monday.
Published 27 Jun, 2006 12:00am
French business morale dips

French business morale dips

French business confidence slipped slightly in June as activity looked set to level off over coming months and foreign orders dropped sharply, according to a survey by the national statistics office on Monday.
Published 27 Jun, 2006 12:00am
Buffett gives $37 billion to Gates, family foundations

Buffett gives $37 billion to Gates, family foundations

Warren Buffett, the world's second-richest person, is donating about $37 billion - more than 80 percent of his fortune - to foundations run by his friend Bill Gates and by the Buffett family. The move is the biggest-ever single act of charitable giving in
Published 27 Jun, 2006 12:00am
Rosneft starts $11 billion IPO

Rosneft starts $11 billion IPO

Russian state oil firm Rosneft said on Monday it would go ahead with its $11 billion initial public offering, potentially the world's fifth biggest, despite falling stocks in emerging markets and litigation risks.
Published 27 Jun, 2006 12:00am
Rosneft starts $11 billion IPO

Rosneft starts $11 billion IPO

Russian state oil firm Rosneft said on Monday it would go ahead with its $11 billion initial public offering, potentially the world's fifth biggest, despite falling stocks in emerging markets and litigation risks.
Published 27 Jun, 2006 12:00am
Europe urges freer trade on Mediterranean rim

Europe urges freer trade on Mediterranean rim

European Union ministers have held out the prospect of more development lending for north African and Mediterranean states but urged them to trade more with each other to close a wealth gap stirring northward migration.
Published 27 Jun, 2006 12:00am
WTO chief sees trade round risks failure

WTO chief sees trade round risks failure

World Trade Organisation chief Pascal Lamy said on Friday the WTO's struggling round of free trade negotiations risked collapse without a breakthrough soon.
Published 27 Jun, 2006 12:00am