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Print - 2006-08-11
Suicide bomber kills 35 in Najaf

Suicide bomber kills 35 in Najaf

A suicide bomber killed at least 35 people and wounded more than 120 on Thursday near one of Shiite Islam's holiest sites, the Imam Ali shrine in the southern Iraqi city of Najaf. An Iraqi Sunni insurgent group said it had carried out the attack, the bloo
Published 11 Aug, 2006 12:00am
New York sugar finishes firm

New York sugar finishes firm

Raw sugar prices set a low for the year on Wednesday but edged back to above unchanged by the close on industry buying, and market sources see a rally in coming trading sessions.
Published 11 Aug, 2006 12:00am
Malaysia unveils impressive palm oil exports

Malaysia unveils impressive palm oil exports

Malaysia, the world's largest producer of palm oil, on Thursday unveiled strong export performance that is likely to keep prices firm, traders said.
Published 11 Aug, 2006 12:00am
Copper above $8,000

Copper above $8,000

Copper prices rose and held above $8,000 a tonne on Thursday, supported by Chinese buying as supply concerns persisted, despite the possibility that a striking union at the world's largest mine may resume wage talks later in the day.
Published 11 Aug, 2006 12:00am
Malaysian tin up

Malaysian tin up

Malaysian tin closed up $45 a tonne on Thursday, boosted by strong buying and a spurt in the metal's price on the London Metals Exchange.
Published 11 Aug, 2006 12:00am
Oil eases, but Alaska worry, US stock draw support

Oil eases, but Alaska worry, US stock draw support

Oil prices dipped on Thursday but remained near record highs as traders balanced a big draw in fuel stocks in the United States plus the risk of a prolonged outage in Alaska, against hope for easing Middle East violence.
Published 11 Aug, 2006 12:00am
CBOT rice soars to two-year highs

CBOT rice soars to two-year highs

Chicago Board of Trade rough rice futures roared to two-year highs on Wednesday on speculative buying and market talk of tighter US supplies, traders said.
Published 11 Aug, 2006 12:00am
Gold pauses in Asia after New York gains

Gold pauses in Asia after New York gains

Gold was trapped in a range on Thursday after briefly trading above $651 an ounce on short covering, but dealers pointed to an array of supportive factors for the precious metal. Spot gold hit a high of $651.40, just below a one-week high of $654.55 hit o
Published 11 Aug, 2006 12:00am
Tokyo gold soars to three-week high

Tokyo gold soars to three-week high

Tokyo gold futures jumped to a three-week high on Thursday as the strength in dollar-based gold prices spurred short covering, helping to lift the benchmark contract above the key 2,400-yen level.
Published 11 Aug, 2006 12:00am
New York gold and silver strong on oil rise

New York gold and silver strong on oil rise

Comex gold and silver futures both rallied on Wednesday, closing with strong gains, as the dollar weakened the Federal Reserve's decision to keep US interest rates steady while oil jumped on a drop in energy inventories, traders said.
Published 11 Aug, 2006 12:00am
River Indus in high flood at Taunsa

River Indus in high flood at Taunsa

According to the Flood Warning Centre Lahore, the River Indus at Taunsa was in high-flood and on 11th August at Guddu and on 12th August at Sukkar, it is likely to be in high-flood.
Published 11 Aug, 2006 12:00am
US copper gains as Escondida talks fail

US copper gains as Escondida talks fail

Copper futures in New York rallied 3 percent, or 10.80 cents, on Wednesday as speculative buying boosted prices to a four-week peak on concerns that this week's strike at Chile's Escondida copper mine may drag on longer than expected, sources said.
Published 11 Aug, 2006 12:00am
River Indus in high flood at Taunsa

River Indus in high flood at Taunsa

According to the Flood Warning Centre Lahore, the River Indus at Taunsa was in high-flood and on 11th August at Guddu and on 12th August at Sukkar, it is likely to be in high-flood.
Published 11 Aug, 2006 12:00am
US wheat stocks seen falling to 11-year low

US wheat stocks seen falling to 11-year low

A drought in the US Plains that cut US winter and spring wheat production will likely result in the lowest US wheat ending stocks in 11 years, analysts said. World wheat stocks are also seen dwindling due to hot, dry weather in several other wheat-produci
Published 11 Aug, 2006 12:00am
River Indus in high flood at Taunsa

River Indus in high flood at Taunsa

According to the Flood Warning Centre Lahore, the River Indus at Taunsa was in high-flood and on 11th August at Guddu and on 12th August at Sukkar, it is likely to be in high-flood.
Published 11 Aug, 2006 12:00am
New York coffee closes at three-month high

New York coffee closes at three-month high

US benchmark arabica coffee futures edged up to finish at a three-month high on Wednesday, extending the week's gain amid speculative buying in line with surging robusta values in London, market sources said.
Published 11 Aug, 2006 12:00am
PC declines to take PCP for privatisation

PC declines to take PCP for privatisation

The Privatisation Commission on Thursday declined to take Printing Corporation of Pakistan (PCP) for sell-off, saying liquidation for this debt-ridden entity would be the best option.
Published 11 Aug, 2006 12:00am
New York cocoa gains

New York cocoa gains

US benchmark cocoa futures rose to a new three-week top on Wednesday, extending this week's rally on follow-through speculative buying and a limited producer selling, traders said.
Published 11 Aug, 2006 12:00am
PC declines to take PCP for privatisation

PC declines to take PCP for privatisation

The Privatisation Commission on Thursday declined to take Printing Corporation of Pakistan (PCP) for sell-off, saying liquidation for this debt-ridden entity would be the best option.
Published 11 Aug, 2006 12:00am
Kirana items higher on Jodia Bazar

Kirana items higher on Jodia Bazar

The trading in Kirana items ended higher on Thursday in Jodia Bazar. The following variations were noted. Kirana Items (Per 40 kg).
Published 11 Aug, 2006 12:00am
PC declines to take PCP for privatisation

PC declines to take PCP for privatisation

The Privatisation Commission on Thursday declined to take Printing Corporation of Pakistan (PCP) for sell-off, saying liquidation for this debt-ridden entity would be the best option.
Published 11 Aug, 2006 12:00am
Bajra prices dive on grain market

Bajra prices dive on grain market

Sluggish business was seen on the grain market on Thursday as almost all commodities, except bajra, maintained the overnight levels due to balanced demand and supply position, dealers said. On the grains side, bajra low type lost Rs 135 to Rs 800 while go
Published 11 Aug, 2006 12:00am
Around 6,000 ghost entities on sales tax roster detected

Around 6,000 ghost entities on sales tax roster detected

The Central Board of Revenue (CBR) has identified 6,000 firms/units registered with the Sales Tax Department, who have neither obtained the National Tax Numbers (NTNs) nor traceable at the declared business addresses.
Published 11 Aug, 2006 12:00am
Cotton market mostly quiet

Cotton market mostly quiet

Thursday saw a quiet day in the cotton market. In fact the Karachi Cotton Association (KCA) saw it fit to reduce the ex-gin price of Grade 3 cotton by Rs 25 per maund (37.32 Kgs) and established it at Rs 2475 per maund.
Published 11 Aug, 2006 12:00am
Around 6,000 ghost entities on sales tax roster detected

Around 6,000 ghost entities on sales tax roster detected

The Central Board of Revenue (CBR) has identified 6,000 firms/units registered with the Sales Tax Department, who have neither obtained the National Tax Numbers (NTNs) nor traceable at the declared business addresses.
Published 11 Aug, 2006 12:00am
Cotton market mostly quiet

Cotton market mostly quiet

Thursday saw a quiet day in the cotton market. In fact the Karachi Cotton Association (KCA) saw it fit to reduce the ex-gin price of Grade 3 cotton by Rs 25 per maund (37.32 Kgs) and established it at Rs 2475 per maund.
Published 11 Aug, 2006 12:00am
Around 6,000 ghost entities on sales tax roster detected

Around 6,000 ghost entities on sales tax roster detected

The Central Board of Revenue (CBR) has identified 6,000 firms/units registered with the Sales Tax Department, who have neither obtained the National Tax Numbers (NTNs) nor traceable at the declared business addresses.
Published 11 Aug, 2006 12:00am
Spot cotton rate loses Rs 25 as activity picks up

Spot cotton rate loses Rs 25 as activity picks up

The official spot rate was lower modestly in the cotton market on Thursday as ginners were trying to sell the wet cotton, dealers said. The official spot rate shed Rs 25 to Rs 2475, without upcountry expenses.
Published 11 Aug, 2006 12:00am
UN deal seen close as Hizbollah fights Israeli push

UN deal seen close as Hizbollah fights Israeli push

Hizbollah fighters fought Israeli troops who seized a key town in south-east Lebanon on Thursday, as the United States and France moved closer to a breakthrough in diplomatic efforts to end the four-week-old war. Israel said plans for a deeper ground assa
Published 11 Aug, 2006 12:00am
Oil cake market rates

Oil cake market rates

Softness prevailed in the forward cottonseed oilcake market on Thursday as buyers did not show any interest in new deals, dealers said. The August vaida commenced unchanged at Rs 644.00 and closing was seen at the same level, they said.
Published 11 Aug, 2006 12:00am
UN deal seen close as Hizbollah fights Israeli push

UN deal seen close as Hizbollah fights Israeli push

Hizbollah fighters fought Israeli troops who seized a key town in south-east Lebanon on Thursday, as the United States and France moved closer to a breakthrough in diplomatic efforts to end the four-week-old war. Israel said plans for a deeper ground assa
Published 11 Aug, 2006 12:00am
CBOT wheat settles higher

CBOT wheat settles higher

Soft red winter wheat futures at the Chicago Board of Trade closed higher on Wednesday in a rebound from Tuesday's sharp technical declines, traders said.
Published 11 Aug, 2006 12:00am
Israel's 'sorry' over massacre!

Israel's 'sorry' over massacre!

In the past two weeks, that I (Batool Fatima) have been in Lebanon to cover the Israel-Lebanon war, I have seen many faces of Israel. Unfortunately none of them is pleasant. But I will admit this much; sometimes I feel awe at the sheer audacity of its lie
Published 11 Aug, 2006 12:00am
India offers to buy wheat from Agrico

India offers to buy wheat from Agrico

India's State Trading Corp on Thursday offered to buy 330,000 tonnes of wheat from Swiss firm Agrico Trading at $209.75-214.75 per tonne, cost and freight, depending on the port of arrival, a top official said.
Published 11 Aug, 2006 12:00am
Israel's 'sorry' over massacre!

Israel's 'sorry' over massacre!

In the past two weeks, that I (Batool Fatima) have been in Lebanon to cover the Israel-Lebanon war, I have seen many faces of Israel. Unfortunately none of them is pleasant. But I will admit this much; sometimes I feel awe at the sheer audacity of its lie
Published 11 Aug, 2006 12:00am
US Midwest corn and soyabean mostly steady

US Midwest corn and soyabean mostly steady

Spot basis bids for corn and soyabeans were steady at most locations around the US Midwest on Thursday but fell slightly at some locations in Ohio due to light farmer selling, grain dealers said.
Published 11 Aug, 2006 12:00am
Britain foils plot to blow up planes

Britain foils plot to blow up planes

Britain on Thursday said it had thwarted a plot to wreak "mass murder" by the simultaneous mid-air bombings of planes to the United States, ordering a maximum security alert that snarled global air traffic.
Published 11 Aug, 2006 12:00am
Chinese steel exports slow in July

Chinese steel exports slow in July

China's steel product exports hit 3.58 million tonnes in July, up 133.8 percent from a year earlier, but down 19.1 percent from record exports in June, an industry information provider said on Wednesday, citing official Customs figures.
Published 11 Aug, 2006 12:00am
Britain foils plot to blow up planes

Britain foils plot to blow up planes

Britain on Thursday said it had thwarted a plot to wreak "mass murder" by the simultaneous mid-air bombings of planes to the United States, ordering a maximum security alert that snarled global air traffic.
Published 11 Aug, 2006 12:00am
Turk January-July gold jewellery exports fall

Turk January-July gold jewellery exports fall

Turkish gold jewellery exports fell 26.1 percent year-on-year to 44.45 tonnes in the first seven months of the year, Turkish Association of Jewellers (TAJ) data showed on Thursday. Exports fell 4.09 percent to $499 million for the same period, TAJ said. T
Published 11 Aug, 2006 12:00am
Corn futures up on recovery

Corn futures up on recovery

Corn futures at the Chicago Board of Trade closed higher on Wednesday in quiet consolidation trading after Tuesday's fall to a six-week low, traders said.
Published 11 Aug, 2006 12:00am
FOB Gulf corn, soya and wheat export premiums firm

FOB Gulf corn, soya and wheat export premiums firm

US FOB Gulf corn, soyabean, and wheat export premiums were firm on Wednesday, amid good export interest and tight supplies, following rising CIF barge values, traders said.
Published 11 Aug, 2006 12:00am
Wapda's internal audit system termed flawed

Wapda's internal audit system termed flawed

The Auditor General of Pakistan (AGP) has termed Wapda's internal audit system as flawed and inefficient, giving way to financial irregularities.
Published 11 Aug, 2006 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 74,924 tonnes of cargo including 62,616 tonnes import, 12,308 tonnes export cargo and 3,891 containers during last 24 hours ending at 0700 hours on Thursday.
Published 11 Aug, 2006 12:00am
Wapda's internal audit system termed flawed

Wapda's internal audit system termed flawed

The Auditor General of Pakistan (AGP) has termed Wapda's internal audit system as flawed and inefficient, giving way to financial irregularities.
Published 11 Aug, 2006 12:00am
HRW wheat bids steady to mixed

HRW wheat bids steady to mixed

US hard red winter wheat spot basis bids were steady to mixed on Thursday, with mill demand picking up slightly in some areas amid a reduction in offers, merchants said.
Published 11 Aug, 2006 12:00am
Wapda''s internal audit system termed flawed

Wapda''s internal audit system termed flawed

The Auditor General of Pakistan (AGP) has termed Wapda''s internal audit system as flawed and inefficient, giving way to financial irregularities.
Published 11 Aug, 2006 12:00am
South African gold output falls

South African gold output falls

South African gold output fell 9.5 percent in volume terms while overall minerals production declined 1.2 percent in June compared with the same month the previous year, official data showed on Thursday.
Published 11 Aug, 2006 12:00am
Long-term financing: SBP directive

Long-term financing: SBP directive

The State Bank of Pakistan (SBP) has directed all banks/DFIs to revise their rates of finance on the loans outstanding under Long Term Financing for the Export Oriented Projects (LTF-EOP) Scheme effective from July 14, 2006 so as to pass on the benefit of
Published 11 Aug, 2006 12:00am
Long-term financing: SBP directive

Long-term financing: SBP directive

The State Bank of Pakistan (SBP) has directed all banks/DFIs to revise their rates of finance on the loans outstanding under Long Term Financing for the Export Oriented Projects (LTF-EOP) Scheme effective from July 14, 2006 so as to pass on the benefit of
Published 11 Aug, 2006 12:00am
Long-term financing: SBP directive

Long-term financing: SBP directive

The State Bank of Pakistan (SBP) has directed all banks/DFIs to revise their rates of finance on the loans outstanding under Long Term Financing for the Export Oriented Projects (LTF-EOP) Scheme effective from July 14, 2006 so as to pass on the benefit of
Published 11 Aug, 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 11 Aug, 2006 12:00am
KSE index loses 130 points

KSE index loses 130 points

A host of negative rumours resulted in widespread selling at the Karachi Stock Exchange (KSE) and the index for the third consecutive sessions finished in a negative zone, where volume recorded further decline. The KSE-100 Index closed at 10,525 levels do
Published 11 Aug, 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 11 Aug, 2006 12:00am
KSE index loses 130 points

KSE index loses 130 points

A host of negative rumours resulted in widespread selling at the Karachi Stock Exchange (KSE) and the index for the third consecutive sessions finished in a negative zone, where volume recorded further decline. The KSE-100 Index closed at 10,525 levels do
Published 11 Aug, 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 Thursday (August 10, 2006).

Published 11 Aug, 2006 12:00am
KSE index loses 130 points

KSE index loses 130 points

A host of negative rumours resulted in widespread selling at the Karachi Stock Exchange (KSE) and the index for the third consecutive sessions finished in a negative zone, where volume recorded further decline. The KSE-100 Index closed at 10,525 levels do
Published 11 Aug, 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 Thursday (August 10, 2006).

Published 11 Aug, 2006 12:00am
BRIndex30 drops 95.65 points

BRIndex30 drops 95.65 points

The BRIndex30 opened at 11,215.11 in positive zone with a gap of 51.57 points. After an early period of relatively slight ups and downs, the index exhibited a continuous decline and thereafter remained in the red zone ultimately closing at 11,067.89 with
Published 11 Aug, 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 Thursday (August 10, 2006).

Published 11 Aug, 2006 12:00am
BRIndex30 drops 95.65 points

BRIndex30 drops 95.65 points

The BRIndex30 opened at 11,215.11 in positive zone with a gap of 51.57 points. After an early period of relatively slight ups and downs, the index exhibited a continuous decline and thereafter remained in the red zone ultimately closing at 11,067.89 with
Published 11 Aug, 2006 12:00am
Palm oil imports decline significantly

Palm oil imports decline significantly

Palm oil and olien imports have declined significantly, almost 50 percent, during the last 25 days due to skyrocketing international prices and non-viability of trade, importers said on Thursday.
Published 11 Aug, 2006 12:00am
Palm oil imports decline significantly

Palm oil imports decline significantly

Palm oil and olien imports have declined significantly, almost 50 percent, during the last 25 days due to skyrocketing international prices and non-viability of trade, importers said on Thursday.
Published 11 Aug, 2006 12:00am
Palm oil imports decline significantly

Palm oil imports decline significantly

Palm oil and olien imports have declined significantly, almost 50 percent, during the last 25 days due to skyrocketing international prices and non-viability of trade, importers said on Thursday.
Published 11 Aug, 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 Thursday (August 10, 2006).

Published 11 Aug, 2006 12:00am
Hubco announces Rs 1.85 per share final dividend

Hubco announces Rs 1.85 per share final dividend

The Hub Power Company Limited has announced the final cash dividend for the year ended June 30, 2006, at Rs l.85 per share ie 18.5 percent, in addition to interim dividend already paid in April, 2006, at Rs 1.25 per share.
Published 11 Aug, 2006 12:00am
Hubco announces Rs 1.85 per share final dividend

Hubco announces Rs 1.85 per share final dividend

The Hub Power Company Limited has announced the final cash dividend for the year ended June 30, 2006, at Rs l.85 per share ie 18.5 percent, in addition to interim dividend already paid in April, 2006, at Rs 1.25 per share.
Published 11 Aug, 2006 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Thursday (August 10, 2006).
Published 11 Aug, 2006 12:00am
Hubco announces Rs 1.85 per share final dividend

Hubco announces Rs 1.85 per share final dividend

The Hub Power Company Limited has announced the final cash dividend for the year ended June 30, 2006, at Rs l.85 per share ie 18.5 percent, in addition to interim dividend already paid in April, 2006, at Rs 1.25 per share.
Published 11 Aug, 2006 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Thursday (August 10, 2006).

Published 11 Aug, 2006 12:00am
Hubco announces Rs 1.85 per share final dividend

Hubco announces Rs 1.85 per share final dividend

The Hub Power Company Limited has announced the final cash dividend for the year ended June 30, 2006, at Rs l.85 per share ie 18.5 percent, in addition to interim dividend already paid in April, 2006, at Rs 1.25 per share.
Published 11 Aug, 2006 12:00am
Pakistan's foreign exchange reserves rise

Pakistan's foreign exchange reserves rise

Foreign exchange reserves rose by $54.3 million to $12,779.3 million from $12,725 million in the week ended on August 5, 2006 the State Bank of Pakistan (SBP) said here on Thursday.
Published 11 Aug, 2006 12:00am
Pakistan's foreign exchange reserves rise

Pakistan's foreign exchange reserves rise

Foreign exchange reserves rose by $54.3 million to $12,779.3 million from $12,725 million in the week ended on August 5, 2006 the State Bank of Pakistan (SBP) said here on Thursday.
Published 11 Aug, 2006 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Thursday (August 10, 2006).

Published 11 Aug, 2006 12:00am
Pakistan''s foreign exchange reserves rise

Pakistan''s foreign exchange reserves rise

Foreign exchange reserves rose by $54.3 million to $12,779.3 million from $12,725 million in the week ended on August 5, 2006 the State Bank of Pakistan (SBP) said here on Thursday.
Published 11 Aug, 2006 12:00am
KKI closing rates of currency notes

KKI closing rates of currency notes

Khanani & Kalia International (Pvt) Limited Closing Rates of currency notes on Thursday (August 10, 2006).

Published 11 Aug, 2006 12:00am
Suicide bomber kills 35 in Najaf

Suicide bomber kills 35 in Najaf

A suicide bomber killed at least 35 people and wounded more than 120 on Thursday near one of Shiite Islam's holiest sites, the Imam Ali shrine in the southern Iraqi city of Najaf. An Iraqi Sunni insurgent group said it had carried out the attack, the bloo
Published 11 Aug, 2006 12:00am
All shares index report

All shares index report

The sector-wise all shares index report on Thursday (August 10, 2006).

Published 11 Aug, 2006 12:00am
More banks eyeing Pakistan: Financial Times

More banks eyeing Pakistan: Financial Times

After the Standard Chartered''s agreement to buy a majority stake in Union Bank, there are prospects of other western banks entering the country''s banking sector.
Published 11 Aug, 2006 12:00am
More banks eyeing Pakistan: Financial Times

More banks eyeing Pakistan: Financial Times

After the Standard Chartered's agreement to buy a majority stake in Union Bank, there are prospects of other western banks entering the country's banking sector.
Published 11 Aug, 2006 12:00am
More banks eyeing Pakistan: Financial Times

More banks eyeing Pakistan: Financial Times

After the Standard Chartered's agreement to buy a majority stake in Union Bank, there are prospects of other western banks entering the country's banking sector.
Published 11 Aug, 2006 12:00am
State Bank sells Rs 9,200 million treasury bills

State Bank sells Rs 9,200 million treasury bills

The State Bank of Pakistan (SBP) sold Rs 9,200 million of treasury bills on Thursday in a two-day repo operation at 9.00 percent to mop up funds from the money market.
Published 11 Aug, 2006 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

Dividend/Bonus announcements by the companies listed on the Karachi Stock Exchange.

Published 11 Aug, 2006 12:00am