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Nov 23, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2006-07-02
SBP promotions

SBP promotions

Muhammad Kamran Shehzad, Director, Banking Policy Department (BPD) and Jameel Ahmed, Director, Banking Supervision Department (BSD), State Bank of Pakistan (SBP) have been promoted as Executive Directors of the bank.
Published 02 Jul, 2006 12:00am
SBP promotions

SBP promotions

Muhammad Kamran Shehzad, Director, Banking Policy Department (BPD) and Jameel Ahmed, Director, Banking Supervision Department (BSD), State Bank of Pakistan (SBP) have been promoted as Executive Directors of the bank.
Published 02 Jul, 2006 12:00am
SBP promotions

SBP promotions

Muhammad Kamran Shehzad, Director, Banking Policy Department (BPD) and Jameel Ahmed, Director, Banking Supervision Department (BSD), State Bank of Pakistan (SBP) have been promoted as Executive Directors of the bank.
Published 02 Jul, 2006 12:00am
LMM financing service charges unchanged

LMM financing service charges unchanged

The State Bank of Pakistan has announced that the rates of service charges under the scheme for financing Locally Manufactured Machinery (LMM) shall continue to be applicable for now, till further instructions are issued on rate adjustment.
Published 02 Jul, 2006 12:00am
LMM financing service charges unchanged

LMM financing service charges unchanged

The State Bank of Pakistan has announced that the rates of service charges under the scheme for financing Locally Manufactured Machinery (LMM) shall continue to be applicable for now, till further instructions are issued on rate adjustment.
Published 02 Jul, 2006 12:00am
LMM financing service charges unchanged

LMM financing service charges unchanged

The State Bank of Pakistan has announced that the rates of service charges under the scheme for financing Locally Manufactured Machinery (LMM) shall continue to be applicable for now, till further instructions are issued on rate adjustment.
Published 02 Jul, 2006 12:00am
Motor vehicles transfer statement to be filed monthly

Motor vehicles transfer statement to be filed monthly

The government has made it mandatory for manufacturers/dealers of motor vehicles, registration officials, banks and leasing companies to file statements regarding sale or lease of motor cars, on monthly basis, to the concerned Commissioner of Income Tax (
Published 02 Jul, 2006 12:00am
Motor vehicles transfer statement to be filed monthly

Motor vehicles transfer statement to be filed monthly

The government has made it mandatory for manufacturers/dealers of motor vehicles, registration officials, banks and leasing companies to file statements regarding sale or lease of motor cars, on monthly basis, to the concerned Commissioner of Income Tax (
Published 02 Jul, 2006 12:00am
Motor vehicles transfer statement to be filed monthly

Motor vehicles transfer statement to be filed monthly

The government has made it mandatory for manufacturers/dealers of motor vehicles, registration officials, banks and leasing companies to file statements regarding sale or lease of motor cars, on monthly basis, to the concerned Commissioner of Income Tax (
Published 02 Jul, 2006 12:00am
The Weather

The Weather

The weather report on Saturday (July 01, 2006) and the forecast for Sunday (July 02, 2006).
Published 02 Jul, 2006 12:00am
Motor vehicles transfer statement to be filed monthly

Motor vehicles transfer statement to be filed monthly

The government has made it mandatory for manufacturers/dealers of motor vehicles, registration officials, banks and leasing companies to file statements regarding sale or lease of motor cars, on monthly basis, to the concerned Commissioner of Income Tax (
Published 02 Jul, 2006 12:00am
Your rupee last month

Your rupee last month

Following currency fluctuations took place in foreign exchange rates during the last month. (June 1 to 30, 2006)

Published 02 Jul, 2006 12:00am
Motor vehicles transfer statement to be filed monthly

Motor vehicles transfer statement to be filed monthly

The government has made it mandatory for manufacturers/dealers of motor vehicles, registration officials, banks and leasing companies to file statements regarding sale or lease of motor cars, on monthly basis, to the concerned Commissioner of Income Tax (
Published 02 Jul, 2006 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (July 01, 2006).

Published 02 Jul, 2006 12:00am
66 killed in Baghdad car bombing

66 killed in Baghdad car bombing

At least 66 people were killed by a car bomb in a busy Baghdad market on Saturday, despite a massive security crackdown in the Iraqi capital. A Sunni woman MP was also kidnapped in north Baghdad along with eight of her bodyguards, one day after al Qaeda l
Published 02 Jul, 2006 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (July 01, 2006).

Published 02 Jul, 2006 12:00am
66 killed in Baghdad car bombing

66 killed in Baghdad car bombing

At least 66 people were killed by a car bomb in a busy Baghdad market on Saturday, despite a massive security crackdown in the Iraqi capital. A Sunni woman MP was also kidnapped in north Baghdad along with eight of her bodyguards, one day after al Qaeda l
Published 02 Jul, 2006 12:00am
THE RUPEE: 10 paisa gain in open market

THE RUPEE: 10 paisa gain in open market

The open market was cheerful at the first day of the new fiscal year as the rupee picked up 10 paisa versus the dollar for buying and selling at 60.60 and 60.65, respectively. According to some moneychangers the rupee is likely to move up slightly in term
Published 02 Jul, 2006 12:00am
Musharraf assures Kashmiri leaders of support

Musharraf assures Kashmiri leaders of support

The supreme head of Muslim Conference (MC), Muhammad Abdul Qayyum Khan, and MC President Attique Ahmad Khan called on President General Pervez Musharraf here on Saturday.
Published 02 Jul, 2006 12:00am
THE RUPEE: 10 paisa gain in open market

THE RUPEE: 10 paisa gain in open market

The open market was cheerful at the first day of the new fiscal year as the rupee picked up 10 paisa versus the dollar for buying and selling at 60.60 and 60.65, respectively. According to some moneychangers the rupee is likely to move up slightly in term
Published 02 Jul, 2006 12:00am
Iran announces PTA with Pakistan

Iran announces PTA with Pakistan

Iranian President Mahmud Ahmadinejad on Saturday announced Preferential Trade Agreement (PTA) and its amendment protocol reached between governments of Islamic Republic of Iran and Pakistan. The PTA and its amendment protocol consist of an introduction an
Published 02 Jul, 2006 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (July 01, 2006).

Published 02 Jul, 2006 12:00am
Osama warns US, Iraqi Shias

Osama warns US, Iraqi Shias

Al Qaeda leader Osama bin Laden warned Iraq's Shia majority on Saturday of retaliation over attacks on Sunni Arabs and that his group would fight the United States anywhere in the world. Osama, making his second Internet broadcast in two days and one of h
Published 02 Jul, 2006 12:00am
Additional duty on import of vehicle components

Additional duty on import of vehicle components

To give protection to the local industry, the government has levied ''''additional customs duty'''', ranging between 15 to 35 percent, on the sub-components and components, imported as part of any kit form for the assembly or manufacturing of agricultural
Published 02 Jul, 2006 12:00am
Additional duty on import of vehicle components

Additional duty on import of vehicle components

To give protection to the local industry, the government has levied ''additional customs duty'', ranging between 15 to 35 percent, on the sub-components and components, imported as part of any kit form for the assembly or manufacturing of agricultural tra
Published 02 Jul, 2006 12:00am
Additional duty on import of vehicle components

Additional duty on import of vehicle components

To give protection to the local industry, the government has levied 'additional customs duty', ranging between 15 to 35 percent, on the sub-components and components, imported as part of any kit form for the assembly or manufacturing of agricultural tract
Published 02 Jul, 2006 12:00am
Additional duty on import of vehicle components

Additional duty on import of vehicle components

To give protection to the local industry, the government has levied 'additional customs duty', ranging between 15 to 35 percent, on the sub-components and components, imported as part of any kit form for the assembly or manufacturing of agricultural tract
Published 02 Jul, 2006 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Saturday (July 01, 2006).

Published 02 Jul, 2006 12:00am
Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Saturday (July 01, 2006).

Published 02 Jul, 2006 12:00am
Grain market rates

Grain market rates

Karachi grain market rates in rupees on Saturday (July 01, 2006).

Published 02 Jul, 2006 12:00am
Sales tax payment: procedure for ship breakers made easy

Sales tax payment: procedure for ship breakers made easy

On the recommendations of ship breaking industry, the government has removed ambiguities in the special procedure for the payment of sales tax by the ship breakers. The CBR on Saturday issued new procedure for the payment of GST by this industry.
Published 02 Jul, 2006 12:00am
Sales tax payment: procedure for ship breakers made easy

Sales tax payment: procedure for ship breakers made easy

On the recommendations of ship breaking industry, the government has removed ambiguities in the special procedure for the payment of sales tax by the ship breakers. The CBR on Saturday issued new procedure for the payment of GST by this industry.
Published 02 Jul, 2006 12:00am
Rates of dry fruit

Rates of dry fruit

Rates of dry fruit in rupees prevailing on the commodity markets in Karachi on Saturday (July 01, 2006).

Published 02 Jul, 2006 12:00am
Sales tax payment: procedure for ship breakers made easy

Sales tax payment: procedure for ship breakers made easy

On the recommendations of ship breaking industry, the government has removed ambiguities in the special procedure for the payment of sales tax by the ship breakers. The CBR on Saturday issued new procedure for the payment of GST by this industry.
Published 02 Jul, 2006 12:00am
Sales tax payment: procedure for ship breakers made easy

Sales tax payment: procedure for ship breakers made easy

On the recommendations of ship breaking industry, the government has removed ambiguities in the special procedure for the payment of sales tax by the ship breakers. The CBR on Saturday issued new procedure for the payment of GST by this industry.
Published 02 Jul, 2006 12:00am
Jute goods rates

Jute goods rates

Jute goods rates in rupees prevailing on the commodity markets in Karachi on Saturday (July 01, 2006).

Published 02 Jul, 2006 12:00am
Shaukat leaves for Geneva today

Shaukat leaves for Geneva today

Prime Minister Shaukat Aziz will travel to Geneva on Sunday to participate in meetings of the UN Secretary General''s Panel on UN System-wide Coherence and address the High Level Segment of the UN Economic and Social Council (Ecosoc).
Published 02 Jul, 2006 12:00am
Raw rubber rates

Raw rubber rates

Raw Rubber rates in rupees prevailing on the commodity markets in Karachi on Saturday (July 01, 2006).

Published 02 Jul, 2006 12:00am
Shaukat leaves for Geneva today

Shaukat leaves for Geneva today

Prime Minister Shaukat Aziz will travel to Geneva on Sunday to participate in meetings of the UN Secretary General's Panel on UN System-wide Coherence and address the High Level Segment of the UN Economic and Social Council (Ecosoc).
Published 02 Jul, 2006 12:00am
Milk powder rates

Milk powder rates

Milk Powder rates in rupees prevailing on the commodity markets in Karachi on Saturday (July 01, 2006).

Published 02 Jul, 2006 12:00am
Shaukat leaves for Geneva today

Shaukat leaves for Geneva today

Prime Minister Shaukat Aziz will travel to Geneva on Sunday to participate in meetings of the UN Secretary General's Panel on UN System-wide Coherence and address the High Level Segment of the UN Economic and Social Council (Ecosoc).
Published 02 Jul, 2006 12:00am
Karachi tea rates

Karachi tea rates

Tea rates in rupees prevailing on the commodity markets in Karachi on Saturday (July 01, 2006).

Published 02 Jul, 2006 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Saturday (July 01, 2006) and for Sunday (July 02, 2006).
Published 02 Jul, 2006 12:00am
EFU funds rates

EFU funds rates

EFU Life Assurance Ltd announced that the Offer and Bid prices for the following funds effective from Monday July 03, 2006.

Published 02 Jul, 2006 12:00am
EFU funds rates

EFU funds rates

EFU Life Assurance Ltd announced that the Offer and Bid prices for the following funds effective from Monday July 03, 2006.

Published 02 Jul, 2006 12:00am
EFU funds rates

EFU funds rates

EFU Life Assurance Ltd announced that the Offer and Bid prices for the following funds effective from Monday July 03, 2006.

Published 02 Jul, 2006 12:00am
Rates of Pipe Fittings

Rates of Pipe Fittings

Pipe fitting rates in rupees prevailing in the markets in Karachi on Saturday (July 01, 2006).

Published 02 Jul, 2006 12:00am
Iron, steel and other metal rates

Iron, steel and other metal rates

Iron, steel and other metal rates in rupees prevailing on the commodity markets in Karachi on Saturday (July 01, 2006).

Published 02 Jul, 2006 12:00am
Automart: car prices in Karachi

Automart: car prices in Karachi

The prices of different makes and models of cars prevailing in Karachi in the week ended on Saturday (July 01, 2006).

Published 02 Jul, 2006 12:00am
State Bank statement of affairs

State Bank statement of affairs

The statement of affairs of the State Bank of Pakistan, Banking Department, as on 10 June 2006.

Published 02 Jul, 2006 12:00am
State Bank statement of affairs

State Bank statement of affairs

The statement of affairs of the State Bank of Pakistan, Banking Department, as on 10 June 2006.

Published 02 Jul, 2006 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning from Monday (July 03, 2006).

Published 02 Jul, 2006 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning from Monday (July 03, 2006).

Published 02 Jul, 2006 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Saturday (July 01, 2006).

Published 02 Jul, 2006 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Saturday (July 01, 2006).

Published 02 Jul, 2006 12:00am
World currencies and dollar

World currencies and dollar

Value of the dollar in terms of other world currencies as prevailing in the week ended on Saturday (July 01, 2006).

Published 02 Jul, 2006 12:00am
Software Technology Park (STP) Lahore a Necessity

Software Technology Park (STP) Lahore a Necessity

Pakistan's economy, reinforced by the visionary policies of the present government, is growing at fast pace. In order to sustain progression along side global competitiveness, a huge demand for information technology (IT) infrastructure has emerged.
Published 02 Jul, 2006 12:00am
IT Strategy 2020

IT Strategy 2020

With the understanding that IT sector will create immense economic, social and governance benefits for the people of Punjab, the vision 2020 of Chaudhry Pervaiz Elahi revolves around the idea to make Punjab the hub of Information Technology (IT), and aims
Published 02 Jul, 2006 12:00am
Oil cake market rates

Oil cake market rates

The July and August vaida was unchanged and the December vaida was sharply higher on the forward cottonseed oilcake market on Saturday, dealers said.
Published 02 Jul, 2006 12:00am
Business restricted to solo deal due to mills' cautious buying

Business restricted to solo deal due to mills' cautious buying

Cautious buying was seen on the cotton market on Saturday amid issuance of new tender by the Trading Corporation of Pakistan (TCP), dealers said. The official spot was unchanged at Rs 2600, without upcountry expenses.
Published 02 Jul, 2006 12:00am
Raw rubber higher on Jodia Bazar

Raw rubber higher on Jodia Bazar

The trading in raw rubber ended higher on Jodia Bazar here, on Saturday. The following changes were seen:
Published 02 Jul, 2006 12:00am
Rapeseed, gram prices up amid tight supply

Rapeseed, gram prices up amid tight supply

The seed items showed modest increase in prices following the short supplies from upcountry markets, dealers said at the local grain market on Saturday.
Published 02 Jul, 2006 12:00am
Singapore bunker fuel prices rise

Singapore bunker fuel prices rise

Singapore bunker prices rose on Friday with their premium to fuel oil cargoes stable at $1.25, traders said. Prices for 380-centistoke (cst) bunker fuel were pegged at $329-$331 a tonne, up $2.00 from Thursday's Asian close, with the differential to fuel
Published 02 Jul, 2006 12:00am
Brazilian sugar vessels lineup rises

Brazilian sugar vessels lineup rises

The lineup of vessels waiting to load sugar in Brazilian ports rose to 39 from last week's 31, shipping agents Williams said. It said in a weekly report that 27 vessels were lined up in the southern port of Santos, up from 21 last week.
Published 02 Jul, 2006 12:00am
China Cosco sells two vessels to parent

China Cosco sells two vessels to parent

China Cosco Holdings Co Ltd said on Wednesday it would sell two container ships to its parent for 425.7 million yuan (US $53.23 million), raising money to repay bank loans and for working capital.
Published 02 Jul, 2006 12:00am
Asian freight rates up as strong demand

Asian freight rates up as strong demand

Panamax freight rates for the benchmark Asian route rose to the highest since January as a steady increase in chartering demand supported views that market sentiment would be strong in coming weeks.
Published 02 Jul, 2006 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 95,690 tonnes of cargo including 74,236 tonnes import, 21,454 tonnes export cargo and 2,576 containers during last 24 hours ending at 0700 hours on Saturday.
Published 02 Jul, 2006 12:00am
Soyarust detected

Soyarust detected

The yield-cutting soyabean rust fungus was found in a sentinel plot of soyabeans on the east side of Mobile Bay in Alabama, the second discovery of the fungus on US soyabeans this year, a plant expert said on Friday.
Published 02 Jul, 2006 12:00am
Australian grain: wheat monopoly report divides industry

Australian grain: wheat monopoly report divides industry

A report recommending changes to Australia's controversial wheat export monopoly has weakened the country's position at last-ditch negotiations in the World Trade Organisation's Doha Round of trade reform, grower body Grains Council of Australia said on F
Published 02 Jul, 2006 12:00am
Asian rubber up but retail selling slows gain

Asian rubber up but retail selling slows gain

Tokyo rubber futures advanced on Friday, supported by concerns about tight supply and robust demand from major tyre makers, but gains were limited by Japanese retail investors keen to sell on rallies.
Published 02 Jul, 2006 12:00am
US copper ends at three-week high

US copper ends at three-week high

US copper futures closed with solid gains in abbreviated trade on Friday, as concerns over slowing economic growth abated after the US Federal Reserve signalled a pause in its two-year tightening policy, sources said.
Published 02 Jul, 2006 12:00am
Australian wool higher

Australian wool higher

The Australian Wool Market finished the 2005/06 season 1.0 percent higher, on average, at sales in Sydney, Melbourne and Fremantle. The AWEX EMI increased by 4c (+0.6 percent), ending the week at 729c/kg clean.
Published 02 Jul, 2006 12:00am
Gold surges past $600 to close at three-week high

Gold surges past $600 to close at three-week high

Gold futures in New York jumped 4.6 percent to finish at a three-week high on Friday in a holiday-shortened session as a weaker dollar made the precious metal more attractive to investors.
Published 02 Jul, 2006 12:00am
CBOT rice soars

CBOT rice soars

Rough rice futures on the Chicago Board of Trade roared higher on Friday after the US Department of Agriculture projected a decline in US planted acres, traders said.
Published 02 Jul, 2006 12:00am
Soya futures up on funds

Soya futures up on funds

Fund buying and a supportive acreage report released on Friday boosted Chicago Board of Trade soyabean futures over 2 percent on Friday, traders said.
Published 02 Jul, 2006 12:00am
New York sugar settles firmer

New York sugar settles firmer

Raw sugar prices ended higher on Friday on steady trade buying in the back months while the spot contract gyrated wildly before expiring at the close of business, brokers said.
Published 02 Jul, 2006 12:00am
EU countries warn consumers more on food scares

EU countries warn consumers more on food scares

EU governments reported a fifth more food safety scares last year than in 2004, warning consumers about eating items ranging from shellfish and coffee to fruit, herbs and spices, the EU executive said on Friday.
Published 02 Jul, 2006 12:00am
Commodity markets rebound on strong demand

Commodity markets rebound on strong demand

The price of many commodities, including crude oil, gold and copper, rebounded last week as the market focused on tight supplies, strong demand and a weaker US currency.
Published 02 Jul, 2006 12:00am
USDA extends sugar import deadline to September 30

USDA extends sugar import deadline to September 30

The US Department of Agriculture's Foreign Agricultural Service said late Friday that some imported raw sugar can keep coming into the country, suspending a July 1 deadline until September 30 of this year.
Published 02 Jul, 2006 12:00am
Shanghai's Peace Hotel to get $50 million facelift

Shanghai's Peace Hotel to get $50 million facelift

Even a grande dame needs a facelift when a younger rival moves in down the street. The venerable Peace Hotel, an icon of glamorous 1930s Shanghai, is preparing for a $50 million renovation that its owners hope will put it back in the ranks of the world's
Published 02 Jul, 2006 12:00am
Bangladesh tax officials declare $502 million hidden money

Bangladesh tax officials declare $502 million hidden money

Holders of black money, or undeclared income made through smuggling and other illegal means, in Bangladesh declared more than 35 billion taka ($502 million) in the 2005/06 fiscal year, tax officials said on Saturday.
Published 02 Jul, 2006 12:00am
Germany to slash new borrowing next year

Germany to slash new borrowing next year

German Finance Minister Peer Steinbrueck plans to reduce federal net new borrowing next year by some 16 billion euros ($20.3 billion) compared with 2006 to 22 billion euros, a finance ministry spokesman said on Saturday.
Published 02 Jul, 2006 12:00am
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