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Print - 2007-01-18
Dutch court suspends Stork poison pill

Dutch court suspends Stork poison pill

An Amsterdam court suspended the poison pill of Dutch industrial group Stork on Wednesday, but did not allow major shareholders to vote on the dismissal of the company's supervisory board the following day.
Published 18 Jan, 2007 12:00am
British gas market share dips below 50 percent

British gas market share dips below 50 percent

Millions of British households abandoned their old suppliers in search of cheaper energy last year, leaving former monopoly British Gas with less than half of the gas market, energy regulator Ofgem said.
Published 18 Jan, 2007 12:00am
ISE index up 8.23 points

ISE index up 8.23 points

Bulls strengthened their position at Islamabad Stock Exchange (ISE) on Wednesday where equities witnessed broad-based recovery under the lead of hot favourites amid increase in index. ISE-10 Index was up by 8.23 points from 2,607.20 to 2,615.43 points.
Published 18 Jan, 2007 12:00am
ISE index up 8.23 points

ISE index up 8.23 points

Bulls strengthened their position at Islamabad Stock Exchange (ISE) on Wednesday where equities witnessed broad-based recovery under the lead of hot favourites amid increase in index. ISE-10 Index was up by 8.23 points from 2,607.20 to 2,615.43 points.
Published 18 Jan, 2007 12:00am
LSE index gains 16.95 points

LSE index gains 16.95 points

Share values moved in a zig-zag manner on Lahore Stock Exchange (LSE) on Wednesday in the absence of any guiding factor, and the market after fluctuating up and down ended on a bullish note. The LSE-25 index closed at 4392.08 points against 4375.13 points
Published 18 Jan, 2007 12:00am
LSE index gains 16.95 points

LSE index gains 16.95 points

Share values moved in a zig-zag manner on Lahore Stock Exchange (LSE) on Wednesday in the absence of any guiding factor, and the market after fluctuating up and down ended on a bullish note. The LSE-25 index closed at 4392.08 points against 4375.13 points
Published 18 Jan, 2007 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Wednesday (January 17, 2007).

Published 18 Jan, 2007 12:00am
Musharraf's election issue discussed

Musharraf's election issue discussed

The Cabinet in its meeting on Wednesday, presided over by Prime Minister Shaukat Aziz, discussed the tenure of President Pervez Musharraf and sitting National and Provincial Assemblies with special reference to Presidential elections expected to be held i
Published 18 Jan, 2007 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Wednesday (January 17, 2007).

Published 18 Jan, 2007 12:00am
Musharraf's election issue discussed

Musharraf's election issue discussed

The Cabinet in its meeting on Wednesday, presided over by Prime Minister Shaukat Aziz, discussed the tenure of President Pervez Musharraf and sitting National and Provincial Assemblies with special reference to Presidential elections expected to be held i
Published 18 Jan, 2007 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Wednesday (January 17, 2007).

Published 18 Jan, 2007 12:00am
12 EoIs received for PSO sell-off

12 EoIs received for PSO sell-off

The Privatisation Commission (PC) has received Expressions of Interest (EoI), with statements of qualifications (SoQs) from 12 parties for acquiring 51 percent Pakistan State Oil (PSO) share, with management control.
Published 18 Jan, 2007 12:00am
12 EoIs received for PSO sell-off

12 EoIs received for PSO sell-off

The Privatisation Commission (PC) has received Expressions of Interest (EoI), with statements of qualifications (SoQs) from 12 parties for acquiring 51 percent Pakistan State Oil (PSO) share, with management control.
Published 18 Jan, 2007 12:00am
12 EoIs received for PSO sell-off

12 EoIs received for PSO sell-off

The Privatisation Commission (PC) has received Expressions of Interest (EoI), with statements of qualifications (SoQs) from 12 parties for acquiring 51 percent Pakistan State Oil (PSO) share, with management control.
Published 18 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 Wednesday (January 17, 2007).

Published 18 Jan, 2007 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Wednesday (January 17, 2007).

Published 18 Jan, 2007 12:00am
29 Brigadiers promoted as Major Generals

29 Brigadiers promoted as Major Generals

Twenty-nine Brigadiers have been promoted to the rank of Major Generals. The decision to this effect was taken at a meeting held at General Headquarters presided over by the Chief of Army Staff General Pervez Musharraf on Wednesday.
Published 18 Jan, 2007 12:00am
29 Brigadiers promoted as Major Generals

29 Brigadiers promoted as Major Generals

Twenty-nine Brigadiers have been promoted to the rank of Major Generals. The decision to this effect was taken at a meeting held at General Headquarters presided over by the Chief of Army Staff General Pervez Musharraf on Wednesday.
Published 18 Jan, 2007 12:00am
Agriculture income tax: CBR studying last three years'' data

Agriculture income tax: CBR studying last three years'' data

The Central Board of Revenue (CBR) is analysing the last three years'' data on agriculture income tax collected from provinces. This is being done to figure out the estimated tax in case the CBR collects the levy on behalf of the federal government from a
Published 18 Jan, 2007 12:00am
Agriculture income tax: CBR studying last three years' data

Agriculture income tax: CBR studying last three years' data

The Central Board of Revenue (CBR) is analysing the last three years' data on agriculture income tax collected from provinces. This is being done to figure out the estimated tax in case the CBR collects the levy on behalf of the federal government from al
Published 18 Jan, 2007 12:00am
Agriculture income tax: CBR studying last three years' data

Agriculture income tax: CBR studying last three years' data

The Central Board of Revenue (CBR) is analysing the last three years' data on agriculture income tax collected from provinces. This is being done to figure out the estimated tax in case the CBR collects the levy on behalf of the federal government from al
Published 18 Jan, 2007 12:00am
BRIndex30 gains 24.85 points

BRIndex30 gains 24.85 points

On Wednesday, the BRIndex30 opened at 11,317.66 in the green zone, and closed at 11,342.51, with a net positive change of 24.85 points, or 0.22 percent. It saw intra-day high of 11,442.62 and low of 11,295.47. The volume amounted to 195,946,400, which was
Published 18 Jan, 2007 12:00am
BRIndex30 gains 24.85 points

BRIndex30 gains 24.85 points

On Wednesday, the BRIndex30 opened at 11,317.66 in the green zone, and closed at 11,342.51, with a net positive change of 24.85 points, or 0.22 percent. It saw intra-day high of 11,442.62 and low of 11,295.47. The volume amounted to 195,946,400, which was
Published 18 Jan, 2007 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Wednesday (January 17, 2007).

Published 18 Jan, 2007 12:00am
KSE stays bullish

KSE stays bullish

The news regarding PSO privatisation on Wednesday gave a positive outlook to the share market from the beginning of the trading session and the KSE-100 index breached the 10,600 points mark.
Published 18 Jan, 2007 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Wednesday (January 17, 2007).
Published 18 Jan, 2007 12:00am
KSE stays bullish

KSE stays bullish

The news regarding PSO privatisation on Wednesday gave a positive outlook to the share market from the beginning of the trading session and the KSE-100 index breached the 10,600 points mark.
Published 18 Jan, 2007 12:00am
KSE stays bullish

KSE stays bullish

The news regarding PSO privatisation on Wednesday gave a positive outlook to the share market from the beginning of the trading session and the KSE-100 index breached the 10,600 points mark.
Published 18 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 Wednesday (January 17, 2007).

Published 18 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 Wednesday (January 17, 2007).

Published 18 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 Wednesday (January 17, 2007).

Published 18 Jan, 2007 12:00am
Blast damages gas line near Khairpur

Blast damages gas line near Khairpur

The 16-inch diameter SSGC's Indus Left Bank Pipeline (ILBP) was ruptured due to powerful explosions near Rattar Village, Tehsil Faiz Gung, District Khairpur, says a press release of SSGC issued here on Wednesday.
Published 18 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 Wednesday (January 17, 2007).

Published 18 Jan, 2007 12:00am
Blast damages gas line near Khairpur

Blast damages gas line near Khairpur

The 16-inch diameter SSGC's Indus Left Bank Pipeline (ILBP) was ruptured due to powerful explosions near Rattar Village, Tehsil Faiz Gung, District Khairpur, says a press release of SSGC issued here on Wednesday.
Published 18 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 18 Jan, 2007 12:00am
Whirling Dervishes win hearts of Karachities

Whirling Dervishes win hearts of Karachities

The 'Whirling Dervishes' of the Ministry of Culture and Tourism of Turkey tonight won the hearts of Karachi by performance of the 'Mevlavi Sema.' It was highlighting the poetry and universal message of toleration and accommodation of Islam as embodied in
Published 18 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 18 Jan, 2007 12:00am
10 EoIs received for Heavy Electrical Complex

10 EoIs received for Heavy Electrical Complex

The Privatisation Commission has received 10 Expressions of Interest (EoIs) and Statement of Qualification (SOQ) from the interested parties for Heavy Electrical Complex (HEC) bidding.
Published 18 Jan, 2007 12:00am
Singapore bunker fuel prices fall

Singapore bunker fuel prices fall

Singapore bunker prices dropped on Wednesday, tracking losses in crude prices, while the differentials to fuel oil cargo nudged lower, traders said. Prices for 380-centistoke (cst) bunker fuel were pegged at $264-$266 a tonne, while its differential to fu
Published 18 Jan, 2007 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 97,525 tonnes cargo including 79,131 tonnes import, 18,394 tonnes export cargo and 2,607 containers during last 24 hours ending at 0700 hours on Wednesday.
Published 18 Jan, 2007 12:00am
HRW wheat bids steady to weaker

HRW wheat bids steady to weaker

US Plains hard red winter wheat basis bids were steady to weaker on Wednesday with supplies seen more than adequate to meet nearby demand, merchants said. An influx of rail and truck wheat into the Wichita area pushed the basis there back 5 cents a bushel
Published 18 Jan, 2007 12:00am
Nigerian cocoa climbs

Nigerian cocoa climbs

Rising local prices induced by high cost of delivery to Lagos and a bigger-than-expected supply deficit and have caused a lull in the Nigerian cocoa market, traders said on Wednesday.
Published 18 Jan, 2007 12:00am
UK wheat exports running below last season

UK wheat exports running below last season

UK wheat exports picked up in November but are still running five percent below last season, customs data showed on Wednesday. Exporters shipped 263,596 tonnes of wheat overseas in November, up from 196,404 in October.
Published 18 Jan, 2007 12:00am
US Midwest corn and soya bids flat to lower

US Midwest corn and soya bids flat to lower

US spot corn and soyabean basis bids were flat to lower on Tuesday as elevators and processors were well-supplied after an increase in movement since Friday's futures rally, dealers said.
Published 18 Jan, 2007 12:00am
WCE canola futures slip

WCE canola futures slip

Winnipeg Commodity Exchange canola futures were pressured by farmer selling and by losses in allied US soya futures on Tuesday, traders said, with the nearby March contract ending 2 percent lower. Canola settled $4.00 to $7.40 per tonne lower, with March
Published 18 Jan, 2007 12:00am
Kenyan tea prices mixed

Kenyan tea prices mixed

Kenyan tea prices were mixed at this week's auction, with some top prices firming and most of the tea offered finding buyers, traders said on Wednesday. Mombasa-based Africa Tea Brokers (ATB) said 111,447 packages were offered, with 6,640 packages remaini
Published 18 Jan, 2007 12:00am
CBOT wheat futures fall

CBOT wheat futures fall

Wheat futures on the Chicago Board of Trade settled lower on Tuesday in a profit-taking setback from strong advances on Friday that were led by corn, traders said.
Published 18 Jan, 2007 12:00am
CBOT corn mixed after 10-year top reached

CBOT corn mixed after 10-year top reached

Corn futures on the Chicago Board of Trade closed mixed Tuesday, with nearby contracts higher after a 10-year top was reached but prices for all months ended well below the day's highs due to profit-taking, traders said.
Published 18 Jan, 2007 12:00am
Oil cake market rates

Oil cake market rates

Divergent trend was witnessed on the cotton market on Wednesday as some buyers took interest in the fresh deals, dealers said. The January vaida was unchanged at Rs 674.00 and that proved to be day's best at the same level. It shed Rs 3.00 to be day's low
Published 18 Jan, 2007 12:00am
Subdued trading on cotton market

Subdued trading on cotton market

Modest business was seen on the cotton market on Wednesday as mills stopped buying on expectations of rates may come down to their psychological level, dealers said. The Karachi Cotton Association (KCA) official spot rate unchanged at Rs 2,525, without up
Published 18 Jan, 2007 12:00am
Price increase continues on grain market

Price increase continues on grain market

Short supplies of cereals from the upcountry centres pushed the prices further higher on the grain market on Wednesday, dealers said. On the cereal side, moong Punjab was higher Rs 250 at Rs 4250. Masoor Australia followed suit and picked up Rs 200 to Rs
Published 18 Jan, 2007 12:00am
New York cocoa slides 1.5 percent

New York cocoa slides 1.5 percent

Benchmark March cocoa futures settled down 1.5 percent on Tuesday amid heavy volume and speculative liquidation, traders said. "I think the market is either shaking off slightly overbought conditions or, after the specs buy, who's left to buy it?" one tra
Published 18 Jan, 2007 12:00am
New York coffee touches fresh 11-day high

New York coffee touches fresh 11-day high

US arabica coffee futures climbed to an 11-day high on late-day fund buying on Tuesday, triggering light buy-stops, traders said. "There was some fund buying that got us some newer highs with some light stops touched off above 1.2175 (cents) that propelle
Published 18 Jan, 2007 12:00am
KCBT wheat settles sharply lower

KCBT wheat settles sharply lower

Hard red winter wheat futures at the Kansas City Board of Trade settled sharply lower on Tuesday as wheat divorced itself from the strength in corn, traders said. With a lack of export business this market needed to tumble," said one KCBT trader.
Published 18 Jan, 2007 12:00am
US copper settles lower

US copper settles lower

US copper futures settled nearly 1 percent lower on Tuesday, weighed down by concerns over demand growth for the industrial metal at a time when the macro economy is showing continual signs of slowing, analysts said.
Published 18 Jan, 2007 12:00am
US gold ends slightly down

US gold ends slightly down

US gold futures ended slightly lower in choppy trade on Tuesday, following strong gains from the previous session, as a higher dollar and tumbling oil prices prompted investors to sell the precious metal.
Published 18 Jan, 2007 12:00am
Tokyo gold edges higher

Tokyo gold edges higher

Tokyo gold futures edged higher on Wednesday as a weaker yen helped induce light short-covering on price dips, but they were generally capped as the cash price was held down by weaker energy prices.
Published 18 Jan, 2007 12:00am
Gold weakens further

Gold weakens further

Gold slipped on Wednesday after volatile trade in New York but bargain hunters appeared at lower levels and helped cushion the fall. Spot gold eased to $623.70/624.70 an ounce from $625.20/626.20 in New York late on Tuesday, when physical buying supported
Published 18 Jan, 2007 12:00am
NYBoT cotton stocks fall

NYBoT cotton stocks fall

Certificated cotton stocks deliverable against New York Board of Trade's (NYBOT) No 2 cotton futures contract as of January 12 totalled 532,101 (480-lb) bales, from 533,281 bales the previous session. There were 388 bales issued, 4,221 bales awaiting revi
Published 18 Jan, 2007 12:00am
Oil above $51 after fall on Saudi comment

Oil above $51 after fall on Saudi comment

Oil held above $51 on Wednesday after falling more than 3 percent the previous session to its lowest level in 20 months, but investors were wary about taking short positions that would test the psychologically key $50 mark.
Published 18 Jan, 2007 12:00am
Shanghai copper climbs 1.7 percent

Shanghai copper climbs 1.7 percent

Shanghai copper futures climbed 1.7 percent on Wednesday, tracking gains in London on Tuesday. But Shanghai futures could come under pressure as merchants take advantage of stronger prices for prompt metal and import large tonnages of London Metal Exchang
Published 18 Jan, 2007 12:00am
Indonesian palm oil marginally down

Indonesian palm oil marginally down

Indonesian palm oil prices were marginally lower on Wednesday dragged down by thin demand as players retreated from the market over losses in Malaysian crude palm oil futures. In North Sumatra's Medan, crude palm oil was traded at 5,370 rupiah ($0.589) pe
Published 18 Jan, 2007 12:00am