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Print - 2006-07-12
New York sugar sharply lower

New York sugar sharply lower

Raw sugar prices tumbled on Monday on speculative selling, and the soft tone was compounded by the weakness of other commodity markets, brokers said. The New York Board of Trade's October raw sugar contract sank 0.41 cent, or 2.4 percent, to close at 16.4
Published 12 Jul, 2006 12:00am
Government responsible for KSE crash: Sartaj

Government responsible for KSE crash: Sartaj

Former finance minister Sartaj Aziz has said that the government has been soft to the key players of the Karachi Stock Exchange who deliberately created conditions that led to its crash in March last year and those who had manipulated the capital market m
Published 12 Jul, 2006 12:00am
Gold rebounds as investors buy on price dips

Gold rebounds as investors buy on price dips

Gold bounced back on Tuesday as buying interest from investors resurfaced at lower levels, but dealers said the market lacked the impetus to break out of its current range.
Published 12 Jul, 2006 12:00am
Russia 2005-06 grain exports hit 12.5 million tonnes

Russia 2005-06 grain exports hit 12.5 million tonnes

Russia's total grain exports in 2005/06 (July-June) are estimated at 12.5 million tonnes (including flour in grain equivalent), compared with 9.1 million tonnes last season. This is the highest total since an all-time record high of 18.4 million tonnes in
Published 12 Jul, 2006 12:00am
NYMEX crude ends higher

NYMEX crude ends higher

US crude oil futures ended higher on Tuesday as Iran rebuffed demands to halt uranium enrichment, and ahead of weekly inventory data expected to show decreases in crude and gasoline stocks. Crude for August delivery settled up 55 cents at $74.16 per barre
Published 12 Jul, 2006 12:00am
US Midwest farmers sell corn and soybeans

US Midwest farmers sell corn and soybeans

Farmers in the US Midwest were selling a moderate amount of corn and soybeans in the cash market on Tuesday after prices rose on declining crop ratings, grain dealers said. But sales were lower than expected. Traders had predicted that the futures markets
Published 12 Jul, 2006 12:00am
Italy soft wheat crops seen at 3.4 million tonnes: ISMEA

Italy soft wheat crops seen at 3.4 million tonnes: ISMEA

Italy's soft wheat output is seen at 3.4 million tonnes this year, in line with 2005 as campaign comes to the end, while durum wheat crops have fallen 2.9 percent to 3.5 million tonnes, research body ISMEA said.
Published 12 Jul, 2006 12:00am
Oil rises as Iran stands firm on nuclear programme

Oil rises as Iran stands firm on nuclear programme

Oil rose on Tuesday as Iran stood firm over its nuclear program and rebuffed pressure from the West for a quick response to an offer of incentives to suspend uranium enrichment.
Published 12 Jul, 2006 12:00am
Nickel hits new peak on tighter supply

Nickel hits new peak on tighter supply

Nickel recorded new record highs on the London Metal Exchange (LME) on Tuesday, supported by critically low stocks, and copper also rose, underpinned by threats to supply and strong sentiment towards metals.
Published 12 Jul, 2006 12:00am
London sugar ends firmer as speculators buy

London sugar ends firmer as speculators buy

London white sugar futures closed firmer on Tuesday after speculators covered short positions as the market clawed back from a period of technical selling, traders said.
Published 12 Jul, 2006 12:00am
Ukraine harvests 1.68 million tonnes grain so far

Ukraine harvests 1.68 million tonnes grain so far

Ukrainian farms have harvested 1.678 million tonnes of grain from 658,000 hectares so far 2006, Ukraine's Agriculture Ministry said on Tuesday. The ministry said grain yield averaged 2.55 tonnes per hectares.
Published 12 Jul, 2006 12:00am
Iran aims for big sales of stored oil by mid-August

Iran aims for big sales of stored oil by mid-August

Major Opec producer Iran aims to sell a huge amount of oil stored on ships off its southern coast by mid-August, boosting exports during the third quarter, a top Iranian oil official said on Tuesday.
Published 12 Jul, 2006 12:00am
India's MMTC open to fresh wheat import tenders

India's MMTC open to fresh wheat import tenders

India's MMTC Ltd plans to float fresh wheat import tenders if it gets a good response to last week's offer to purchase up to 50,000 tonnes of the grain, a senior company official said on Tuesday.
Published 12 Jul, 2006 12:00am
Major currencies hold steady

Major currencies hold steady

Major currencies hugged ranges on Tuesday, with the yen off recent highs ahead of the Bank of Japan's expected interest rate hike on Friday and the dollar consolidating ahead of key US data later in the week.
Published 12 Jul, 2006 12:00am
Sterling slips after UK trade deficit data

Sterling slips after UK trade deficit data

Sterling slipped against the dollar and the euro on Tuesday after data showed Britain's trade deficit with the rest of the world widened unexpectedly in May.
Published 12 Jul, 2006 12:00am
US Stocks: Tuesday's unofficial close

US Stocks: Tuesday's unofficial close

US stocks were slightly higher on Tuesday, paring earlier losses, as shares of energy companies rose along with US crude oil prices and strong earnings from Pepsi Bottling Group Inc boosted sentiment.
Published 12 Jul, 2006 12:00am
Bond: VNU default swaps rise on financing details

Bond: VNU default swaps rise on financing details

Credit default swaps on market researcher VNU leapt on Tuesday after it unveiled a post-buyout financing structure that reduced fears it might leave no debt outstanding that would be deliverable under CDS contracts.
Published 12 Jul, 2006 12:00am
Bond: VNU default swaps rise on financing details

Bond: VNU default swaps rise on financing details

Credit default swaps on market researcher VNU leapt on Tuesday after it unveiled a post-buyout financing structure that reduced fears it might leave no debt outstanding that would be deliverable under CDS contracts.
Published 12 Jul, 2006 12:00am
China threatens to veto UN resolution on North Korea

China threatens to veto UN resolution on North Korea

China has indirectly threatened to veto a UN Security Council draft resolution imposing sanctions on North Korea if the text were put to a vote in its present form, the British and French ambassadors said on Tuesday.
Published 12 Jul, 2006 12:00am
Record 555 killed on Peru highways till June

Record 555 killed on Peru highways till June

A record 555 people died in bus and car accidents on Peru's highways during the first six months of the year, a third more than in the same period in 2005, police said on Tuesday.
Published 12 Jul, 2006 12:00am
34 killed in Iraq despite Prime Minister's plea

34 killed in Iraq despite Prime Minister's plea

At least 34 people were killed across Iraq in bombings, shootings and gunbattles on Tuesday, including 10 Shiites gunned down in an apparent sectarian attack in Baghdad.
Published 12 Jul, 2006 12:00am
Al Qaeda group shows video of 'US corpses' in Iraq

Al Qaeda group shows video of 'US corpses' in Iraq

A group led by al Qaeda in Iraq released gruesome footage of two corpses it said were US soldiers killed in June, and dedicated the video to an Iraqi girl who US soldiers are accused of raping and killing. US commanders condemned the video as "barbaric".
Published 12 Jul, 2006 12:00am
Major powers willing to deal with Iran at UN: US

Major powers willing to deal with Iran at UN: US

After Iran rejected Western pressure on Tuesday for an immediate response to an international offer on curbing its nuclear programs, the United States said major powers had previously agreed to deal with Tehran at the UN if it failed to reply.
Published 12 Jul, 2006 12:00am
Mumbai is city of dreams for most Indians

Mumbai is city of dreams for most Indians

At least 135 people were killed and hundreds injured in a series of bomb blasts on the suburban rail network of Mumbai, India's financial capital, on Tuesday, police said.
Published 12 Jul, 2006 12:00am
Haniya warns against Gaza 'humanitarian tragedy'

Haniya warns against Gaza 'humanitarian tragedy'

Palestinian prime minister Ismail Haniya warned Tuesday against a "humanitarian tragedy" developing in the Gaza Strip as a result of Israel's continuing "blockade" of the impoverished territory.
Published 12 Jul, 2006 12:00am
30 Taliban killed as Rumsfeld visits Kabul

30 Taliban killed as Rumsfeld visits Kabul

Afghan and coalition security forces involved in a massive anti-Taliban operation killed 30 more rebels on Tuesday as US Defence Secretary Donald Rumsfeld visited the country.
Published 12 Jul, 2006 12:00am
Jordan for end to Israel's Gaza offensive

Jordan for end to Israel's Gaza offensive

Jordan's King Abdullah pledged on Tuesday to use his country's close ties with Israel to press for a halt to its major military offensive in Gaza, Jordanian officials said. Abdullah made the commitment in a meeting with Palestinian President Mahmoud Abbas
Published 12 Jul, 2006 12:00am
Iran rejects deadline at EU nuclear talks

Iran rejects deadline at EU nuclear talks

Iran's chief nuclear negotiator rebuffed Western pressure for an immediate answer to an offer of incentives to suspend uranium enrichment ahead of crucial talks with the European Union on Tuesday.
Published 12 Jul, 2006 12:00am
'G8 to tacitly approve US-India nuclear deal'

'G8 to tacitly approve US-India nuclear deal'

G8 leaders meeting this week are likely to give tacit approval to a controversial deal giving India access to US nuclear technology, despite fears this could undermine non-proliferation efforts, diplomats say.
Published 12 Jul, 2006 12:00am
Britain may delay ambitious ID card scheme

Britain may delay ambitious ID card scheme

A plan to introduce compulsory identity cards may be delayed, the British government said on Tuesday, adding to speculation one of the world's largest IT projects could be scaled down or scrapped.
Published 12 Jul, 2006 12:00am
US House takes up Internet gambling ban debate

US House takes up Internet gambling ban debate

The US House of Representatives on Tuesday takes up legislation attempting to ban Internet gambling, a $12 billion-a-year industry that gets half its revenue from American gamblers, congressional aides said.
Published 12 Jul, 2006 12:00am
Iraqi Sunni bloc says will end parliament boycott

Iraqi Sunni bloc says will end parliament boycott

Iraq's largest Sunni bloc said on Tuesday it would end a week-long boycott of parliament after a call for unity by a Shi'ite radical cleric and militia leader and promises that a kidnapped legislator would be freed soon.
Published 12 Jul, 2006 12:00am
Jerusalem to host gay event despite religious ire

Jerusalem to host gay event despite religious ire

Organisers of next month's gay festival in Jerusalem have vowed to continue with plans for the event in the holy city despite a rare alliance of Jewish, Muslim and Christian leaders trying to prevent it. WorldPride, a week-long international festival with
Published 12 Jul, 2006 12:00am
Pietersen wants bowlers to step up against Pakistan

Pietersen wants bowlers to step up against Pakistan

Kevin Pietersen has told England's novice bowlers to "stand up and be counted" as the team prepares for its Test series against Pakistan. England head into Thursday's first Test at Lord's on the back of seven straight defeats against Sri Lanka - one in a
Published 12 Jul, 2006 12:00am
Dravid hails Tendulkar return

Dravid hails Tendulkar return

Indian captain Rahul Dravid welcomed Sachin Tendulkar's return to fitness after watching him make an unbeaten half-century in a charity match in London.
Published 12 Jul, 2006 12:00am
Sri Lanka's politics throws tri-series in confusion

Sri Lanka's politics throws tri-series in confusion

A bitter battle to control Sri Lanka's cricket establishment has wrecked the schedule for next month's limited-overs tri-series against India and South Africa. The dispute, generated by upcoming elections at Sri Lanka Cricket (SLC), revolves around holdin
Published 12 Jul, 2006 12:00am
Domenech gets new contract with France

Domenech gets new contract with France

France football coach Ramond Domenech has been given a new contract in charge of the team he took to within a penalty shoot-out of World Cup glory. "The federation board has unanimously agreed to propose to Raymond Domenech that he continue as coach," sai
Published 12 Jul, 2006 12:00am
Aussies considering resting McGrath ahead of Ashes

Aussies considering resting McGrath ahead of Ashes

Australia's champion fast bowler Glenn McGrath could miss this year's ICC Champions Trophy to ensure he is fresh for the Ashes showdown against England, chairman of selectors Andrew Hilditch has said.
Published 12 Jul, 2006 12:00am
Million on streets as festive Rome welcomes heroes

Million on streets as festive Rome welcomes heroes

One million Romans faced a tough morning Tuesday after losing themselves in festive frenzy for their victorious World Cup football team, which wrested the title from France. Rome's left-wing mayor, Walter Veltroni, estimated that one million people had tu
Published 12 Jul, 2006 12:00am
Hong Kong dollar slips further in late trade

Hong Kong dollar slips further in late trade

The Hong Kong dollar fell on Tuesday, tracking other Asian currencies, as the US dollar recovered after hitting a one-month low against the Japanese yen on Monday. The Hong Kong unit also drew arbitrage trade and extended losses in the afternoon. It was t
Published 12 Jul, 2006 12:00am
Asian currencies weaker

Asian currencies weaker

Asian currencies eased on Tuesday, pausing after the previous session's rally, weighed down by a slightly softer yen but supported by growing expectations Japan will raise interest rates. The Bank of Japan (BoJ) is widely expected to raise its key policy
Published 12 Jul, 2006 12:00am
Swiss franc weaker versus yen

Swiss franc weaker versus yen

The Swiss franc weakened slightly against the Japanese yen early on Tuesday amid speculation the Bank of Japan was poised to raise interest rates this week for the first time in six years. Expectations for further rate increases by the Federal Reserve als
Published 12 Jul, 2006 12:00am
Bangladesh interbank forex, interest rates

Bangladesh interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Tuesday. 69.49/69.82 (previous 69.49/69.82). Call Money Rates: 6.10-11.00 percent (previous 6.00-12.50 percent).
Published 12 Jul, 2006 12:00am
Yen hovers at two-week high versus euro

Yen hovers at two-week high versus euro

The yen hovered at a two-week high against the euro and was within striking distance of a one-month high against the dollar on Monday as investors anticipated the Bank of Japan will raise rates for the first time in nearly six years.
Published 12 Jul, 2006 12:00am
Yen crawls back towards one-month high

Yen crawls back towards one-month high

The yen crawled back towards a one-month high against the dollar on Tuesday, buoyed as the Bank of Japan appears set to raise interest rates this week for the first time in six years.
Published 12 Jul, 2006 12:00am
Chinese yuan slips

Chinese yuan slips

China's yuan weakened for a second day on Tuesday, following a rally last week, but traders forecast a return to gains soon amid a flurry of recent strong economic indicators. The yuan ended at 7.9911, down from Monday's close of 7.9900, after the central
Published 12 Jul, 2006 12:00am
Indian rupee near two-week low

Indian rupee near two-week low

Strong demand for dollars from corporates, including from oil companies, pulled the Indian rupee down to its lowest in nearly two weeks on Tuesday. The partially convertible rupee ended at 46.1700/1750 per dollar, weaker than the previous close of 46.1350
Published 12 Jul, 2006 12:00am
New Zealand shares up

New Zealand shares up

New Zealand share prices closed 0.33 percent higher Tuesday following sharp gains in market leader Telecom which has been under pressure for several weeks on regulatory concerns, dealers said.
Published 12 Jul, 2006 12:00am
Nikkei falls, tech shares down on profit concerns

Nikkei falls, tech shares down on profit concerns

The Nikkei average fell 0.51 percent on Tuesday as Advantest Corp and other technology shares declined after their US peers were hit by a profit warning, raising concerns about slowing earnings momentum. Analysts said the Nikkei's sharp gains from the pre
Published 12 Jul, 2006 12:00am
Chinese shares close up

Chinese shares close up

China's shares ended up 0.66 percent on Tuesday as investors sought bargains in banking stocks, such as giant Bank of China, in a buying spree late in the session. The benchmark Shanghai index finished at 1,745.806 points. Turnover in Shanghai A-shares wa
Published 12 Jul, 2006 12:00am
Philippines shares higher

Philippines shares higher

Philippines share prices closed 0.19 percent higher Tuesday after a sluggish session, recovering some of the ground lost Monday as investors looked for select bargains, dealers said. They said that after a lacklustre performance on Wall Street overnight,
Published 12 Jul, 2006 12:00am
Malaysian shares end flat

Malaysian shares end flat

Malaysian share prices closed flat Tuesday as investors continued to look around for a fresh convincing lead, dealers said. They said trade was dominated by second board, smaller stocks.
Published 12 Jul, 2006 12:00am
Seoul shares end marginally higher

Seoul shares end marginally higher

Seoul shares rose for the third session in a row on Tuesday to hit another five-week closing high as technology firms such as Samsung Electronics recovered from early falls on hopes earnings would recover in the second half.
Published 12 Jul, 2006 12:00am
Taiwan stocks lower

Taiwan stocks lower

Taiwan stocks closed 0.65 percent lower on Tuesday, snapping two days of gains as investors had largely priced in solid corporate June sales and now cautiously await quarterly earnings results from local technology firms.
Published 12 Jul, 2006 12:00am
US stocks drop after EMC warning

US stocks drop after EMC warning

US technology stocks fell sharply on Monday after brokerage Merrill Lynch cut its rating on the sector and an earnings warning from data storage equipment maker EMC Corp also hurt sentiment.
Published 12 Jul, 2006 12:00am
Hong Kong stocks close lower

Hong Kong stocks close lower

Hong Kong stocks snapped a three-day winning streak to finish down 0.68 percent on Tuesday, as shares in telecoms firm PCCW Ltd slumped after its chairman agreed to sell a 23 percent stake in the company to a Hong Kong financier. The deal scuttled investo
Published 12 Jul, 2006 12:00am
Singapore shares extend losses

Singapore shares extend losses

Singapore share prices closed 0.92 percent lower Tuesday, extending losses in the absence of a fresh leads after a lacklustre Wall Street performance, dealers said. They said investors took advantage of recent gains in China-related stocks to lock in prof
Published 12 Jul, 2006 12:00am
Indian shares down in choppy trade

Indian shares down in choppy trade

Indian share prices closed 0.65 percent lower in choppy trade Tuesday ahead of the start of the April-June quarterly results season for the major software firms, dealers said. They said mixed Asian market trends left the local bourse uncertain but local f
Published 12 Jul, 2006 12:00am
Indonesian shares higher

Indonesian shares higher

Indonesian share prices closed 0.31 percent higher Tuesday, led by nickel miner Inco and index heavyweight Telkom but volume was thin given lacklustre regional markets, dealers said. They said investors appear to be taking a cautious stance ahead of an ex
Published 12 Jul, 2006 12:00am
Opec needs clear demand signals for spare capacity

Opec needs clear demand signals for spare capacity

Oil cartel Opec scolded consuming nations on Tuesday for forcing it to spend billions on spare crude production capacity while sending confusing policy signals on future demand.
Published 12 Jul, 2006 12:00am
Biometric group sues Microsoft, IBM alleging patent infringement

Biometric group sues Microsoft, IBM alleging patent infringement

A Utah-based company, International Automated Systems Inc, said Tuesday that it was suing Microsoft, IBM and "others" for alleged patent infringements related to its biometric technology. The Utah company said it had engaged independent experts to assess
Published 12 Jul, 2006 12:00am
India May industry output seen up eight percent

India May industry output seen up eight percent

India's industrial output in May probably rose 8.0 percent from a year earlier, largely boosted by robust manufacturing growth, a Reuters survey of seven analysts showed on Tuesday. This would be lower than the 9.5 percent growth in April from a year earl
Published 12 Jul, 2006 12:00am
EU finance ministers happy with growth

EU finance ministers happy with growth

Finance ministers of Europe's single currency zone took the prospect of another rapid hike in ECB interest rates on the chin during Tuesday talks marked by a renewed show of confidence in the economic outlook.
Published 12 Jul, 2006 12:00am
Gulf gas grid falls victim to Saudi, UAE border row

Gulf gas grid falls victim to Saudi, UAE border row

A vital $3.5 billion project to supply Qatari gas to the United Arab Emirates has been dragged into a territorial dispute between Saudi Arabia and the UAE, but industry sources did not expect any lasting repercussions.
Published 12 Jul, 2006 12:00am
UK May trade deficit widens unexpectedly

UK May trade deficit widens unexpectedly

Britain's goods trade deficit with the rest of the world widened unexpectedly in May to its second highest on record as the country once again became a net importer of oil, official data showed on Tuesday.
Published 12 Jul, 2006 12:00am
ECB allots refinancing at 2.81 percent lowest rate

ECB allots refinancing at 2.81 percent lowest rate

The European Central Bank allocated 321.5 billion euros in 7-day refinancing agreements on Tuesday at 2.81 percent and above for a weighted average rate of 2.82 percent.
Published 12 Jul, 2006 12:00am
WTO states agree to ease approval of regional pacts

WTO states agree to ease approval of regional pacts

The World Trade Organisation (WTO) said on Tuesday member countries have agreed to ease approval of the rapidly growing number of regional trade pacts - often seen as a threat to the body's future.
Published 12 Jul, 2006 12:00am
Atomic power needed to fight global warming: Britain

Atomic power needed to fight global warming: Britain

Britain must build new nuclear power plants, get more electricity from wind and waves and curb energy use to counter global warming and safeguard power supplies, Trade Minister Alistair Darling said on Tuesday.
Published 12 Jul, 2006 12:00am
Malaysian palm oil higher

Malaysian palm oil higher

Malaysian crude palm oil futures closed marginally higher on Tuesday because of firm soyaoil prices but gains were limited by large stocks and slow exports, dealers said. "There was a lot of buying in the afternoon session because of soyabean oil prices,"
Published 12 Jul, 2006 12:00am
Tokyo rubber off four-week low

Tokyo rubber off four-week low

Tokyo rubber futures reversed losses and ended higher on Tuesday after gains in other commodities spurred new buying interest from investors. The key, most distant December Tokyo Commodity Exchange rubber had dropped to a four-week low of 282.8 yen ($2.48
Published 12 Jul, 2006 12:00am
Indian sugar, soyaoil and wheat futures rise

Indian sugar, soyaoil and wheat futures rise

Indian sugar and soyaoil futures rose on Tuesday on short covering by traders, while wheat futures gained slightly. The July sugar contract at the National Commodity and Derivatives Exchange (NCDEX) was up 9 rupees at 1,894 per 100 kg.
Published 12 Jul, 2006 12:00am
Japan seeks wheat at tender

Japan seeks wheat at tender

Japan's Agriculture Ministry is seeking to buy 103,000 tonnes of wheat from the United States, Canada and Australia at this week's regular tender, a ministry official said on Tuesday. It is also looking to buy 2,000 tonnes of barley from Australia. Shipme
Published 12 Jul, 2006 12:00am
Soybean futures firm after volatile session

Soybean futures firm after volatile session

Soybean futures at the Chicago Board of Trade ended firm on Monday after a volatile session, with prices seeing a 12-cent range amid differing views of US Midwest crop forecasts, traders said. "Everybody seems focused not so much on the near-term but whet
Published 12 Jul, 2006 12:00am
Shanghai copper rises to narrow gap

Shanghai copper rises to narrow gap

Copper futures rose in Shanghai on Tuesday as traders sought to narrow a wide gap between Shanghai and London Metal Exchange futures that has spurred Chinese exports and discouraged imports.
Published 12 Jul, 2006 12:00am
Forensic report on KSE crash in three months: Shaukat

Forensic report on KSE crash in three months: Shaukat

Prime Minister Shaukat Aziz on Tuesday said that forensic accountants were investigating the March 2005 crash of Karachi Stock Exchange and would submit a report in three months. "Strict action will be taken against individuals or organisations found invo
Published 12 Jul, 2006 12:00am
Fate of Chinese cement still undecided

Fate of Chinese cement still undecided

Despite the elapse of a month, the fate of imported cement is still undecided as the Central Board of Revenue (CBR) has clearly conveyed to the importers that their detained Chinese cement would not be released. However, the importers are hoping that they
Published 12 Jul, 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 Tuesday (July 11, 2006).

Published 12 Jul, 2006 12:00am
300,000 tonnes shortfall likely in rice export

300,000 tonnes shortfall likely in rice export

The country''s rice exports are likely to suffer a shortfall of over 300,000 tonnes due to the 30 percent expected decline in Sindh''s rice production alone for the next crop season starting in September.
Published 12 Jul, 2006 12:00am
300,000 tonnes shortfall likely in rice export

300,000 tonnes shortfall likely in rice export

The country's rice exports are likely to suffer a shortfall of over 300,000 tonnes due to the 30 percent expected decline in Sindh's rice production alone for the next crop season starting in September.
Published 12 Jul, 2006 12:00am
300,000 tonnes shortfall likely in rice export

300,000 tonnes shortfall likely in rice export

The country's rice exports are likely to suffer a shortfall of over 300,000 tonnes due to the 30 percent expected decline in Sindh's rice production alone for the next crop season starting in September.
Published 12 Jul, 2006 12:00am
Forensic report on KSE crash in three months: Shaukat

Forensic report on KSE crash in three months: Shaukat

Prime Minister Shaukat Aziz on Tuesday said that forensic accountants were investigating the March 2005 crash of Karachi Stock Exchange and would submit a report in three months. "Strict action will be taken against individuals or organisations found invo
Published 12 Jul, 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 Tuesday (July 11, 2006).

Published 12 Jul, 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 12 Jul, 2006 12:00am
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