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Print - 2007-01-07
The Weather

The Weather

The weather report on Saturday (January 06, 2007) and the forecast for Sunday (January 07, 2007).
Published 07 Jan, 2007 12:00am
New York sugar settles near three-month low

New York sugar settles near three-month low

Raw sugar futures crumbled from commodity fund sales to finish on Friday at a three-month low and more losses are seen for a market bloated by excess supplies and wholesale liquidation by investors, brokers said.
Published 07 Jan, 2007 12:00am
New York cocoa falls on fund selling

New York cocoa falls on fund selling

US cocoa futures slipped 3.1 percent on Friday, settling off a fresh four-week low, pressured by fund and speculative selling as well as the strengthening dollar, that triggered sell-stops, traders said.
Published 07 Jan, 2007 12:00am
Nicaragua coffee export falls

Nicaragua coffee export falls

Nicaragua will export 20 percent less coffee from the 2006/07 harvest than previously expected due to poor weather, industry and union officials said on Friday.
Published 07 Jan, 2007 12:00am
US copper at new nine-month low

US copper at new nine-month low

A three-day rally in the dollar sent US copper futures reeling to a new nine-month low on Friday after a surprisingly strong report on US jobs growth in December eased some concerns of an economic slowdown, analysts said.
Published 07 Jan, 2007 12:00am
CBoT wheat ends higher

CBoT wheat ends higher

Wheat futures on the Chicago Board of Trade settled higher on Friday in a short-covering bounce after dipping to fresh three-month lows, traders said. Wheat was a follower as corn rallied late. Both markets appeared due for a technical rebound following s
Published 07 Jan, 2007 12:00am
New York coffee slides

New York coffee slides

US arabica coffee futures closed down 3.6 percent on Friday after index fund and speculative profit-taking took the benchmark March contract to a six-week low, traders said. "The weaker opening shook out some of the weaker overnight longs and then the fun
Published 07 Jan, 2007 12:00am
FOB Gulf soya offers rise; corn, wheat flat

FOB Gulf soya offers rise; corn, wheat flat

US FOB soyabean export premiums rose on Friday following higher prices in the CIF barge market, while corn and wheat were flat, traders said. FOB soyabean offers for shipment in the last half of January rose to 42 cents a bushel premium to CBOT March.
Published 07 Jan, 2007 12:00am
Lower arrival figure may stabilise cotton rates

Lower arrival figure may stabilise cotton rates

Falling trend in the fresh arrival figure of cotton in the Pakistan Cotton Ginner Association (PCGA) fortnightly report may stabilise the prices, dealers said on Saturday.
Published 07 Jan, 2007 12:00am
Oil cake market rates

Oil cake market rates

Lower trend was again witnessed on the forward cottonseed oilcake market on Saturday as there was little interest in the new purchasing, dealers said.
Published 07 Jan, 2007 12:00am
US Midwest soya steady to higher, corn unchanged

US Midwest soya steady to higher, corn unchanged

Spot basis bids for soyabeans were steady to higher around the US Midwest on Friday while corn bids were mostly unchanged. Overall, the market had a firm tone as dealers tried to pique some farmer interest after sharp downturns in the futures market cut i
Published 07 Jan, 2007 12:00am
Cakes' price down on grain market

Cakes' price down on grain market

Minor changes were in the cakes prices on the grain markets on Saturday, dealers said. On the seed side, cakes low type shed Rs 10 to Rs 400 and best type was down by Rs 7 to Rs 405, they said. Other commodities maintained the overnight levels, they added
Published 07 Jan, 2007 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 07 Jan, 2007 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 07 Jan, 2007 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 Saturday (January 06, 2007).

Published 07 Jan, 2007 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 Saturday (January 06, 2007).

Published 07 Jan, 2007 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 Saturday (January 06, 2007).

Published 07 Jan, 2007 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 Saturday (January 06, 2007).

Published 07 Jan, 2007 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Saturday (January 06, 2007).
Published 07 Jan, 2007 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Saturday (January 06, 2007).

Published 07 Jan, 2007 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 (January 06, 2007).

Published 07 Jan, 2007 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 Saturday (January 06, 2007).

Published 07 Jan, 2007 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 January 08, 2007.

Published 07 Jan, 2007 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 January 08, 2007.

Published 07 Jan, 2007 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 January 08, 2007.

Published 07 Jan, 2007 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Saturday (January 06, 2007).

Published 07 Jan, 2007 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Saturday (January 06, 2007).

Published 07 Jan, 2007 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 (January 06, 2007).

Published 07 Jan, 2007 12:00am
Rates of Pipe Fittings

Rates of Pipe Fittings

Pipe fitting rates in rupees prevailing in the markets in Karachi on Saturday (January 06, 2007).

Published 07 Jan, 2007 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning from Monday (January 08, 2007).

Published 07 Jan, 2007 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning from Monday (January 08, 2007).

Published 07 Jan, 2007 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 (January 06, 2007).

Published 07 Jan, 2007 12:00am
THE RUPEE: dollar 12 paisa up in open market

THE RUPEE: dollar 12 paisa up in open market

The rupee maintained its overnight levels against the dollar in the interbank market on Saturday at 60.97 and 60.99 as the demand for dollars was matching with the supply position. But te rupee lost paisa 12 in the open market, dealers said.
Published 07 Jan, 2007 12:00am
THE RUPEE: dollar 12 paisa up in open market

THE RUPEE: dollar 12 paisa up in open market

The rupee maintained its overnight levels against the dollar in the interbank market on Saturday at 60.97 and 60.99 as the demand for dollars was matching with the supply position. But te rupee lost paisa 12 in the open market, dealers said.
Published 07 Jan, 2007 12:00am
Karachi tea rates

Karachi tea rates

Tea rates in rupees prevailing on the commodity markets in Karachi on Saturday (January 06, 2007).

Published 07 Jan, 2007 12:00am
Milk powder rates

Milk powder rates

Milk Powder rates in rupees prevailing on the commodity markets in Karachi on Saturday (January 06, 2007).

Published 07 Jan, 2007 12:00am
Raw rubber rates

Raw rubber rates

Raw Rubber rates in rupees prevailing on the commodity markets in Karachi on Saturday (January 06, 2007).

Published 07 Jan, 2007 12:00am
Jute goods rates

Jute goods rates

Jute goods rates in rupees prevailing on the commodity markets in Karachi on Saturday (January 06, 2007).

Published 07 Jan, 2007 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 (January 06, 2007).

Published 07 Jan, 2007 12:00am
Grain market rates

Grain market rates

Karachi grain market rates in rupees on Saturday (January 06, 2007).

Published 07 Jan, 2007 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 (January 06, 2007).

Published 07 Jan, 2007 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Saturday (January 06, 2007).

Published 07 Jan, 2007 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Saturday (January 06, 2007) and for Sunday (January 07, 2007).
Published 07 Jan, 2007 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (January 06, 2007).

Published 07 Jan, 2007 12:00am
Your rupee last month

Your rupee last month

Following currency fluctuations took place in foreign exchange rates during the last month. (December 01 to 30, 2006)

Published 07 Jan, 2007 12:00am
Musharraf vows to provide basic necessities to people

Musharraf vows to provide basic necessities to people

President General Pervez Musharraf on Saturday said the government would ensure provision of basic necessities of life, including natural gas, clean drinking water, and electricity to the people at their doorsteps as its prime responsibility.
Published 07 Jan, 2007 12:00am
Soccer ball exports in jeopardy: Nike decides to pull out of Pakistan

Soccer ball exports in jeopardy: Nike decides to pull out of Pakistan

A crisis has hit the Rs 15 billion soccer balls and soccer equipment annual exports from Sialkot, a bustling commercial hub, following world renowned Nike's decision, a major importer of footballs, to pull out of Pakistan. Total exports of sports goods fr
Published 07 Jan, 2007 12:00am
Rebels kill 55 near Guwahati

Rebels kill 55 near Guwahati

Separatist rebels gunned down 55 people in a string of attacks targeting migrants in India's insurgency-hit north-east, officials said on Saturday.
Published 07 Jan, 2007 12:00am
Rebels kill 55 near Guwahati

Rebels kill 55 near Guwahati

Separatist rebels gunned down 55 people in a string of attacks targeting migrants in India's insurgency-hit north-east, officials said on Saturday.
Published 07 Jan, 2007 12:00am
Sales Tax collectorates allowed to go for manual overruling

Sales Tax collectorates allowed to go for manual overruling

The Central Board of Revenue (CBR) has allowed Sales Tax collectorates to go for manual overruling in case of technical faults in Sales Tax Automated Refund Repository (STARR) System and delay in the release of refunds to the exporters.
Published 07 Jan, 2007 12:00am
Sales Tax collectorates allowed to go for manual overruling

Sales Tax collectorates allowed to go for manual overruling

The Central Board of Revenue (CBR) has allowed Sales Tax collectorates to go for manual overruling in case of technical faults in Sales Tax Automated Refund Repository (STARR) System and delay in the release of refunds to the exporters.
Published 07 Jan, 2007 12:00am
Sales Tax collectorates allowed to go for manual overruling

Sales Tax collectorates allowed to go for manual overruling

The Central Board of Revenue (CBR) has allowed Sales Tax collectorates to go for manual overruling in case of technical faults in Sales Tax Automated Refund Repository (STARR) System and delay in the release of refunds to the exporters.
Published 07 Jan, 2007 12:00am
American Express merged into JS Bank

American Express merged into JS Bank

The commercial banking business of American Express Bank Ltd undertaken in Pakistan, inclusive of its four branches, has been merged into JS Bank Ltd (JSBL) from December 30, 2006.
Published 07 Jan, 2007 12:00am
American Express merged into JS Bank

American Express merged into JS Bank

The commercial banking business of American Express Bank Ltd undertaken in Pakistan, inclusive of its four branches, has been merged into JS Bank Ltd (JSBL) from December 30, 2006.
Published 07 Jan, 2007 12:00am
American Express merged into JS Bank

American Express merged into JS Bank

The commercial banking business of American Express Bank Ltd undertaken in Pakistan, inclusive of its four branches, has been merged into JS Bank Ltd (JSBL) from December 30, 2006.
Published 07 Jan, 2007 12:00am
Pakistani and Indian foreign ministers to meet next week in Islamabad

Pakistani and Indian foreign ministers to meet next week in Islamabad

The Foreign Ministers of Pakistan and India, Khurshid Mahmud Kasuri and Pranab Mukherjee will review progress on eight issues including Kashmir, peace and security, within ambit of Composite Dialogue during their meeting in Islamabad next week.
Published 07 Jan, 2007 12:00am
Chairman''s election: Punjab Zone PSMA clarification

Chairman''s election: Punjab Zone PSMA clarification

A spokesman of Pakistan Sugar Mills Association (PSMA), Punjab Zone, has strongly opposed the apropos of a news item appeared in Business Recorder, challenging the legal position of the unopposed elected chairman of PSMA, Punjab Zone, Zaka Ashraf.
Published 07 Jan, 2007 12:00am
Chairman's election: Punjab Zone PSMA clarification

Chairman's election: Punjab Zone PSMA clarification

A spokesman of Pakistan Sugar Mills Association (PSMA), Punjab Zone, has strongly opposed the apropos of a news item appeared in Business Recorder, challenging the legal position of the unopposed elected chairman of PSMA, Punjab Zone, Zaka Ashraf.
Published 07 Jan, 2007 12:00am
Chairman's election: Punjab Zone PSMA clarification

Chairman's election: Punjab Zone PSMA clarification

A spokesman of Pakistan Sugar Mills Association (PSMA), Punjab Zone, has strongly opposed the apropos of a news item appeared in Business Recorder, challenging the legal position of the unopposed elected chairman of PSMA, Punjab Zone, Zaka Ashraf.
Published 07 Jan, 2007 12:00am
CBR to engage foreign consultant for $0.66 million

CBR to engage foreign consultant for $0.66 million

The World Bank (WB) has allowed Central Board of Revenue (CBR) to appoint a foreign consultant for a two-year term at a cost of $660,000 to properly monitor and manage the Tax Administration Reforms Project (TARP).
Published 07 Jan, 2007 12:00am
CBR to engage foreign consultant for $0.66 million

CBR to engage foreign consultant for $0.66 million

The World Bank (WB) has allowed Central Board of Revenue (CBR) to appoint a foreign consultant for a two-year term at a cost of $660,000 to properly monitor and manage the Tax Administration Reforms Project (TARP).
Published 07 Jan, 2007 12:00am
CBR to engage foreign consultant for $0.66 million

CBR to engage foreign consultant for $0.66 million

The World Bank (WB) has allowed Central Board of Revenue (CBR) to appoint a foreign consultant for a two-year term at a cost of $660,000 to properly monitor and manage the Tax Administration Reforms Project (TARP).
Published 07 Jan, 2007 12:00am
US team to help probe missing Indonesian plane

US team to help probe missing Indonesian plane

US transport safety officials arrived in Indonesia's Sulawesi on Saturday to help investigate the disappearance of an airliner with 102 people aboard. The 17-year-old Boeing 737-400, operated by Indonesian budget carrier Adam Air, went missing on Monday i
Published 07 Jan, 2007 12:00am
12 sugar mills fined

12 sugar mills fined

The Monopoly Control Authority (MCA) has imposed a fine of Rs 330,000 on 12 sugar mills for violation of rules and regulations. The respondent sugar mills failed to provide accurate facts and figures pertaining to sugar supply in the market.
Published 07 Jan, 2007 12:00am
12 sugar mills fined

12 sugar mills fined

The Monopoly Control Authority (MCA) has imposed a fine of Rs 330,000 on 12 sugar mills for violation of rules and regulations. The respondent sugar mills failed to provide accurate facts and figures pertaining to sugar supply in the market.
Published 07 Jan, 2007 12:00am
12 sugar mills fined

12 sugar mills fined

The Monopoly Control Authority (MCA) has imposed a fine of Rs 330,000 on 12 sugar mills for violation of rules and regulations. The respondent sugar mills failed to provide accurate facts and figures pertaining to sugar supply in the market.
Published 07 Jan, 2007 12:00am
China's indigenous fighter jet

China's indigenous fighter jet

China has unveiled its Jian-10 multi-role indigenous fighter jet, marking a "historic leap forward" and narrowing a technological gap with major military powers, state media said on Saturday.
Published 07 Jan, 2007 12:00am
China's indigenous fighter jet

China's indigenous fighter jet

China has unveiled its Jian-10 multi-role indigenous fighter jet, marking a "historic leap forward" and narrowing a technological gap with major military powers, state media said on Saturday.
Published 07 Jan, 2007 12:00am
German unions vow to push for big wage gains

German unions vow to push for big wage gains

Leading German unions said over the weekend they plan to push for substantially higher salary increases in 2007 amid a robust economy, soaring corporate profits and higher taxes.
Published 07 Jan, 2007 12:00am
Iran oil exports may dwindle with sanctions, politics

Iran oil exports may dwindle with sanctions, politics

Opec member Iran is in danger of slipping down the table of oil exporters and leaving a hole in global supply as output stagnates because of a lack of investment blamed on US sanctions and political interference.
Published 07 Jan, 2007 12:00am
Lebanon labour union calls for sit-in Tuesday

Lebanon labour union calls for sit-in Tuesday

Lebanon's opposition-backed main labour union called on Lebanese on Saturday to stage a sit-in next Tuesday to protest Prime Minister Fouad Siniora's economic reform programme.
Published 07 Jan, 2007 12:00am
Four directors nominated on ISE board

Four directors nominated on ISE board

The Securities and Exchange Commission of Pakistan (SECP) has completed the nomination of four non-member directors of the Islamabad Stock Exchange (ISE) for the term 2007.
Published 07 Jan, 2007 12:00am
Four non-broker directors for LSE nominated

Four non-broker directors for LSE nominated

The Securities and Exchange Commission of Pakistan (SECP) has nominated four non-broker directors of the Lahore Stock Exchange (LSE), completing total strength of its board of directors.
Published 07 Jan, 2007 12:00am
Niger government proposes decriminalising press offences

Niger government proposes decriminalising press offences

Niger's prime minister said a long-discussed bill to decriminalise violations of press laws would go before parliament in March, potentially ending the frequent imprisonment of journalists in the West African state.
Published 07 Jan, 2007 12:00am
ISQ exam winter 2006 results

ISQ exam winter 2006 results

The Council of the Institute of Bankers Pakistan has approved the result of ISQ examination winter 2006 held in November, 2006. Following candidates have been qualified for JAIBP or Stage-III, Stage-II, Stage-I and Special Certificate Examination.
Published 07 Jan, 2007 12:00am
SPI registers 11.38 percent rise

SPI registers 11.38 percent rise

The Sensitive Price Indicator (SPI) year-on-year of 53 essential items for the week ending on January 4, 2007 registered 11.38 percent increase as compared to the corresponding week of last year. The SPI is maintaining its double-digit trend for the past
Published 07 Jan, 2007 12:00am
SPI registers 11.38 percent rise

SPI registers 11.38 percent rise

The Sensitive Price Indicator (SPI) year-on-year of 53 essential items for the week ending on January 4, 2007 registered 11.38 percent increase as compared to the corresponding week of last year. The SPI is maintaining its double-digit trend for the past
Published 07 Jan, 2007 12:00am