News Archives for Print - 2007-03-07

New York cotton

Monday's closing prices of New York cotton in US cents/lb.

Published 07 Mar, 2007 12:00am

Multinational naval exercise begins

The multinational AMAN 07 naval exercise on Tuesday began with participation of naval units from United States, China, France, Italy, Malaysia, Pakistan, Turkey, Britain, and Bangladesh aimed at displaying united resolve against terrorism.

Published 07 Mar, 2007 12:00am

New York cotton

Monday's closing prices of New York cotton in US cents/lb.

Published 07 Mar, 2007 12:00am

SBP wants Shariah adviser approves product profile

State Bank of Pakistan has decided that before launching new products and services, Islamic Banking Institutions (IBIs) shall submit salient features of products along with certificate from their Shariah Advisor to Director Islamic Banking Department, SBP

Published 07 Mar, 2007 12:00am

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (March 06, 2007).

Published 07 Mar, 2007 12:00am

SBP wants Shariah adviser approves product profile

State Bank of Pakistan has decided that before launching new products and services, Islamic Banking Institutions (IBIs) shall submit salient features of products along with certificate from their Shariah Advisor to Director Islamic Banking Department, SBP

Published 07 Mar, 2007 12:00am

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (March 06, 2007).

Published 07 Mar, 2007 12:00am

SBP wants Shariah adviser approves product profile

State Bank of Pakistan has decided that before launching new products and services, Islamic Banking Institutions (IBIs) shall submit salient features of products along with certificate from their Shariah Advisor to Director Islamic Banking Department, SBP

Published 07 Mar, 2007 12:00am

Key stock and currency market movements

The latest close of key indices on major world stock exchanges and the London closing values of the euro, the Japanese yen, the British pound and gold bullion (previous day's closes in brackets).

Published 07 Mar, 2007 12:00am

Investment moot ends with doubts over attracting $3 billion

The two-day overseas Pakistanis investment conference concluded here on Tuesday with doubts over government''s expectations of attracting $3 billion investment from the expatriates. The conference, hosted by Labour, Manpower and Overseas Pakistanis Minist

Published 07 Mar, 2007 12:00am

LME plastic prices

LME plastic prices on Monday.

Published 07 Mar, 2007 12:00am

Investment moot ends with doubts over attracting $3 billion

The two-day overseas Pakistanis investment conference concluded here on Tuesday with doubts over government's expectations of attracting $3 billion investment from the expatriates. The conference, hosted by Labour, Manpower and Overseas Pakistanis Ministr

Published 07 Mar, 2007 12:00am

LME plastic prices

LME plastic prices on Monday.

Published 07 Mar, 2007 12:00am

Investment moot ends with doubts over attracting $3 billion

The two-day overseas Pakistanis investment conference concluded here on Tuesday with doubts over government's expectations of attracting $3 billion investment from the expatriates. The conference, hosted by Labour, Manpower and Overseas Pakistanis Ministr

Published 07 Mar, 2007 12:00am

LME official prices

LME official prices on Monday.

Published 07 Mar, 2007 12:00am

Pakistan and India hold anti-terror talks

India and Pakistan held the first meeting on Tuesday of a new panel to fight terrorism and discuss intelligence-sharing, in the latest initiative in the South Asian peace process, officials said. Pakistan said it would use the joint panel to push India fo

Published 07 Mar, 2007 12:00am

LME official prices

LME official prices on Monday.

Published 07 Mar, 2007 12:00am

Pakistan and India hold anti-terror talks

India and Pakistan held the first meeting on Tuesday of a new panel to fight terrorism and discuss intelligence-sharing, in the latest initiative in the South Asian peace process, officials said. Pakistan said it would use the joint panel to push India fo

Published 07 Mar, 2007 12:00am

Cotton Spot Rates

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

Published 07 Mar, 2007 12:00am

PBC to hold investors' moot in UAE

Pakistan Business Council (PBC) of UAE will hold investors' moot in Abu Dhabi and Dubai to identify investment and privatisation opportunities in Pakistan for UAE investors. Dr Syed Qaiser Anis, President of UAE Pakistan Business Council (PBC) leading a d

Published 07 Mar, 2007 12:00am

Multan commodities market rates

Commodities market rates in rupees on Tuesday (March 06, 2007).

Published 07 Mar, 2007 12:00am

Wapda working on 10 hydel power projects

Chairman Water and Power Development Authority (Wapda), Tariq Hameed has said that Wapda is working on 10 hydel power projects, besides five mega dams in the country. The Nespak has completed the feasibility report of ten projects.

Published 07 Mar, 2007 12:00am

Lahore Grain Market Rates

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

Published 07 Mar, 2007 12:00am

Two Pakistanis held in Cyprus

Cypriot authorities have arrested two Pakistani men on the basis of British intelligence of a planned car bomb attack on a Western embassy, a Greek Cypriot newspaper reported on Tuesday.

Published 07 Mar, 2007 12:00am

Lahore Paper Market Rates

Paper market rates in rupees on Tuesday (March 06, 2007).

Published 07 Mar, 2007 12:00am

Former Iranian minister kidnapped in Turkey

Israel was abuzz with conspiracy theories on Tuesday that its spies could have been behind the mysterious disappearance in Turkey of a senior official from archfoe Iran.

Published 07 Mar, 2007 12:00am

Shipping Intelligence

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

Published 07 Mar, 2007 12:00am

Former Iranian minister kidnapped in Turkey

Israel was abuzz with conspiracy theories on Tuesday that its spies could have been behind the mysterious disappearance in Turkey of a senior official from archfoe Iran.

Published 07 Mar, 2007 12:00am

Shipping Intelligence

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

Published 07 Mar, 2007 12:00am

CBR urged to amend tax rules for coal mines

The Central Board of Revenue (CBR) should amend income tax rules to allow 100 percent write-off on expenditure made by mining sector to encourage coal utilisation in the country.

Published 07 Mar, 2007 12:00am

Dollar's rate in interbank market

Interbank closing rates for dollar on Tuesday (March 06, 2007).

Published 07 Mar, 2007 12:00am

IPI gas pipeline to be built in parts

The over $7 billion Iran-Pakistan-India (IPI) gas pipeline is likely to be built in parts with three nations deciding to construct segments of pipeline falling in their territory independently.

Published 07 Mar, 2007 12:00am

Kerb buying and selling rate of US dollar

Dollar buying and selling rate in the kerb market in rupees on Tuesday (March 06, 2007).

Published 07 Mar, 2007 12:00am

Duty-free economic zones to be setup near Gwadar port: Prime Minister

Prime Minister Shaukat Aziz said that the pace of development in Balochistan had increased substantially due to several infrastructure projects as well as further investment in education, healthcare, provision of clean water and other basic services to di

Published 07 Mar, 2007 12:00am

THE RUPEE: no major change observed

No major change was seen in the in the interbank market on Tuesday as the rupee almost maintained its overnight levels against the dollar for buying and selling at Rs 60.71 and Rs 60.72, dealers said. Good supply of dollar enabled the rupee to stand firml

Published 07 Mar, 2007 12:00am

Financial investors close in on Chrysler

Private equity investors closed in on Chrysler on Tuesday as rival automakers at the Geneva car show displayed scant interest in DaimlerChrysler's loss-making US division. US-based buyout firm The Blackstone Group has approached Chrysler and been granted

Published 07 Mar, 2007 12:00am

THE RUPEE: no major change observed

No major change was seen in the in the interbank market on Tuesday as the rupee almost maintained its overnight levels against the dollar for buying and selling at Rs 60.71 and Rs 60.72, dealers said. Good supply of dollar enabled the rupee to stand firml

Published 07 Mar, 2007 12:00am

FT fuels acquisition talk with flat payout

France Telecom fuelled speculation it was keeping its powder dry for acquisitions as it proposed a flat dividend for the current year and posted a sharp drop in 2006 profits, hit by its restructuring and price cuts.

Published 07 Mar, 2007 12:00am

Jute: THAL LIMITED - Year Ended 30 June 2006

The chairman of the company Rafiq M. Habib spoke about the strategic objectives, entrepreneurial effort and diversity in the portfolio of his company and of synergising of amalgamated entities. Now Thal Limited after 40 years of its existence shows that i

Published 07 Mar, 2007 12:00am

ISE: bulls stage comeback

Bulls returned in the front seat at the Islamabad Stock Exchange (ISE) where fresh buying spree in hot favourite moved the entire ready-board in upward direction amid increase in index. ISE Ten Index showed an improvement of 10.29 points, as index moved f

Published 07 Mar, 2007 12:00am

Jute: THAL LIMITED - Year Ended 30 June 2006

The chairman of the company Rafiq M. Habib spoke about the strategic objectives, entrepreneurial effort and diversity in the portfolio of his company and of synergising of amalgamated entities. Now Thal Limited after 40 years of its existence shows that i

Published 07 Mar, 2007 12:00am

ISE: bulls stage comeback

Bulls returned in the front seat at the Islamabad Stock Exchange (ISE) where fresh buying spree in hot favourite moved the entire ready-board in upward direction amid increase in index. ISE Ten Index showed an improvement of 10.29 points, as index moved f

Published 07 Mar, 2007 12:00am

All shares index report

The sector-wise all shares index report on Tuesday (March 06, 2007).

Published 07 Mar, 2007 12:00am

Equities suffer losses on LSE

Equities suffered losses on the Lahore Stock Exchange (LSE) amid ascending transaction volume while banking sector helped market recovery. The LSE-25 index improved by 14.46 points closing at 4380.56 points against 4366.10 points of Monday while trading t

Published 07 Mar, 2007 12:00am

Mutual Funds Association of Pakistan

Mutual Funds Association has issued open-end funds daily prices for Wednesday (07, March 2007).

Published 07 Mar, 2007 12:00am

Equities suffer losses on LSE

Equities suffered losses on the Lahore Stock Exchange (LSE) amid ascending transaction volume while banking sector helped market recovery. The LSE-25 index improved by 14.46 points closing at 4380.56 points against 4366.10 points of Monday while trading t

Published 07 Mar, 2007 12:00am

Mutual Funds Association of Pakistan

Mutual Funds Association has issued open-end funds daily prices for Wednesday (07, March 2007).

Published 07 Mar, 2007 12:00am

17 killed as Uzbeks, tribesmen clash in Fata

Seventeen people, including 12 al Qaeda-linked Uzbeks, were killed on Tuesday in the first reported clash between militants and tribesmen in Federally Administered Tribal Area (Fata).

Published 07 Mar, 2007 12:00am

Mutual Funds Association of Pakistan

Mutual Funds Association has issued open-end funds daily prices for Wednesday (07, March 2007).

Published 07 Mar, 2007 12:00am

17 killed as Uzbeks, tribesmen clash in Fata

Seventeen people, including 12 al Qaeda-linked Uzbeks, were killed on Tuesday in the first reported clash between militants and tribesmen in Federally Administered Tribal Area (Fata).

Published 07 Mar, 2007 12:00am

BRIndex30 and BR Sectoral Indices

BRIndex30 and BR Sectoral Indices on Tuesday (March 06, 2007).

Published 07 Mar, 2007 12:00am

Over 70 killed in Indonesia quake

At least 71 people were killed on Tuesday and scores injured in a 6.3-magnitude earthquake that rocked Indonesia's Sumatra island, officials said. "There are 71 people dead and 47 people badly injured," Suryadi, a rescue co-ordinator on Sumatra, told AFP.

Published 07 Mar, 2007 12:00am

Despatch of dividend warrants

Dates of despatch of dividend warrants and bonus share certificates.

Published 07 Mar, 2007 12:00am

Over 70 killed in Indonesia quake

At least 71 people were killed on Tuesday and scores injured in a 6.3-magnitude earthquake that rocked Indonesia's Sumatra island, officials said. "There are 71 people dead and 47 people badly injured," Suryadi, a rescue co-ordinator on Sumatra, told AFP.

Published 07 Mar, 2007 12:00am

Member To Member

Members have subsequently reported the transactions on Tuesday (March 06, 2007).

Published 07 Mar, 2007 12:00am

Dealers raise DAP prices by Rs 25 per bag

The price of daiammoniumphosphate (DAP), an essential crop nutrient, has jumped up by Rs 25 per 50 kg bag due to its acute shortage in the wake of hoarding by market movers, sources told Business Recorder on Tuesday.

Published 07 Mar, 2007 12:00am

Cross Transactions

Cross transactions between client to client reported on Tuesday (March 06, 2007).

Published 07 Mar, 2007 12:00am

Dealers raise DAP prices by Rs 25 per bag

The price of daiammoniumphosphate (DAP), an essential crop nutrient, has jumped up by Rs 25 per 50 kg bag due to its acute shortage in the wake of hoarding by market movers, sources told Business Recorder on Tuesday.

Published 07 Mar, 2007 12:00am

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 07 Mar, 2007 12:00am

Dealers raise DAP prices by Rs 25 per bag

The price of daiammoniumphosphate (DAP), an essential crop nutrient, has jumped up by Rs 25 per 50 kg bag due to its acute shortage in the wake of hoarding by market movers, sources told Business Recorder on Tuesday.

Published 07 Mar, 2007 12:00am

Board meetings in progress

Board Meetings in Progress of Companies listed on the Karachi Stock Exchange.

Published 07 Mar, 2007 12:00am

Neelum-Jhelum power project: Centre refuses contract to US-based company

The federal government has refused to award the contract of 969 MW Neelum-Jhelum hydropower project to a US-based firm, just saying the sponsors had no track record and failed to inspire confidence, official sources told Business Recorder.

Published 07 Mar, 2007 12:00am

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 07 Mar, 2007 12:00am

Neelum-Jhelum power project: Centre refuses contract to US-based company

The federal government has refused to award the contract of 969 MW Neelum-Jhelum hydropower project to a US-based firm, just saying the sponsors had no track record and failed to inspire confidence, official sources told Business Recorder.

Published 07 Mar, 2007 12:00am

Dividend/Bonus Announcements

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

Published 07 Mar, 2007 12:00am

Neelum-Jhelum power project: Centre refuses contract to US-based company

The federal government has refused to award the contract of 969 MW Neelum-Jhelum hydropower project to a US-based firm, just saying the sponsors had no track record and failed to inspire confidence, official sources told Business Recorder.

Published 07 Mar, 2007 12:00am

Shares buy-back schedule

Shares buy-back schedule of listed companies on Tuesday (March 06, 2007).

Published 07 Mar, 2007 12:00am

Federal secretaries reshuffled

The government on Tuesday reshuffled a number of federal secretaries including Chief secretaries of Sindh and NWFP. An official notification stated that Ejaz Qureshi presently serving as Chief Secretary NWFP has been posted as Secretary Railways Division.

Published 07 Mar, 2007 12:00am

Last date of renunciation/payment

Last dates of renunciation/payment.

Published 07 Mar, 2007 12:00am

Federal secretaries reshuffled

The government on Tuesday reshuffled a number of federal secretaries including Chief secretaries of Sindh and NWFP. An official notification stated that Ejaz Qureshi presently serving as Chief Secretary NWFP has been posted as Secretary Railways Division.

Published 07 Mar, 2007 12:00am

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 07 Mar, 2007 12:00am

Alternative plan made to resume all flights to EU and USA: Kirmani

The Chairman of Pakistan International Airlines (PIA), Tariq Kirmani, has said that the national flag carrier''s planes are 100 percent safe, and certified by CAA, Iata, and European certificate Easa.

Published 07 Mar, 2007 12:00am

Companies under suspension

"Under Suspension" Companies listed on the Karachi Stock Exchange.

Published 07 Mar, 2007 12:00am

Alternative plan made to resume all flights to EU and USA: Kirmani

The Chairman of Pakistan International Airlines (PIA), Tariq Kirmani, has said that the national flag carrier's planes are 100 percent safe, and certified by CAA, Iata, and European certificate Easa.

Published 07 Mar, 2007 12:00am

Clearing Schedule for T+3 System

Karachi Stock Exchange's Clearing Schedule for T+3 System.

Published 07 Mar, 2007 12:00am

Alternative plan made to resume all flights to EU and USA: Kirmani

The Chairman of Pakistan International Airlines (PIA), Tariq Kirmani, has said that the national flag carrier's planes are 100 percent safe, and certified by CAA, Iata, and European certificate Easa.

Published 07 Mar, 2007 12:00am

Dates of Closure of Books & Annual General Meetings

Dates of Closure of Books and holding of Ordinary and Extra-Ordinary General Meetings of companies listed on the stock exchanges.

Published 07 Mar, 2007 12:00am

BRIndex30 gains 38.28 points

On Tuesday, the BRIndex30 opened in the green zone at 11,891.46 with an upward jump gap of 220.69 points, and closed at 11,709.05 with a net positive change of 38.28 points and percentage change of 0.33.

Published 07 Mar, 2007 12:00am

EFU Capital Growth Fund Rates

EFU Capital Growth Fund Rates on Tuesday (March 06, 2007).

Published 07 Mar, 2007 12:00am

BRIndex30 gains 38.28 points

On Tuesday, the BRIndex30 opened in the green zone at 11,891.46 with an upward jump gap of 220.69 points, and closed at 11,709.05 with a net positive change of 38.28 points and percentage change of 0.33.

Published 07 Mar, 2007 12:00am

EFU Capital Growth Fund Rates

EFU Capital Growth Fund Rates on Tuesday (March 06, 2007).

Published 07 Mar, 2007 12:00am

KSE-100 index closes 24.19 points up

The Karachi share market opened on a strong positive note and the KSE-100 index hit 1,1070.84 points intra-day high level on the back of buying rally in banking and cement stocks. However, selling pressure in late hours pushed the index in negative zone t

Published 07 Mar, 2007 12:00am

EFU Capital Growth Fund Rates

EFU Capital Growth Fund Rates on Tuesday (March 06, 2007).

Published 07 Mar, 2007 12:00am

KSE-100 index closes 24.19 points up

The Karachi share market opened on a strong positive note and the KSE-100 index hit 1,1070.84 points intra-day high level on the back of buying rally in banking and cement stocks. However, selling pressure in late hours pushed the index in negative zone t

Published 07 Mar, 2007 12:00am

EFU Pension Growth Fund Rates

EFU Pension Growth Fund Rates on Tuesday (March 06, 2007).

Published 07 Mar, 2007 12:00am

KSE-100 index closes 24.19 points up

The Karachi share market opened on a strong positive note and the KSE-100 index hit 1,1070.84 points intra-day high level on the back of buying rally in banking and cement stocks. However, selling pressure in late hours pushed the index in negative zone t

Published 07 Mar, 2007 12:00am

Currency	Rate
USD PKR Interbank Selling / Nov 6	277.92
USD PKR Interbank Buying / Nov 6	277.72
USD to Japanese Yen / Nov 6	153.43
USD to Swiss Franc / Nov 6	0.87
Pound Sterling to USD / Nov 6	1.29
Euro to USD / Nov 6	1.08

Stock	Volume
S&P 500 / Nov 5	5,782.76
Nasdaq / Nov 5	18,439.17
Dow Jones / Nov 5	41,221.88
India Sensex / Nov 6	79,841.86
Tokyo Nikkei / Nov 6	39,303.01
Hang Seng / Nov 6	20,407.15
FTSE 100 / Nov 6	8,284.30
Germany DAX 30 / Nov 6	19,412.80

Item	Value
Gold 10 Grams PKR / Nov 5	242,798
Petrol/Litre / Nov 6	248.38
Crude Oil USD/Barrel / Nov 6	71.12
Karachi Cotton PKR/37.32 KG / Nov 6	18,285
Gold Spot USD/Ounce / Nov 6	2,742.04
Diesel/Litre / Nov 6	255.14

Stock	Price
786 Invest Ltd / Nov 6 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 6 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Nov 6 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 6 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 6 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Nov 6 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 6 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Nov 6 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 6 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 6 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 6 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Nov 6 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 6 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 6 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Nov 6 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 6 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Nov 6 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 6 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Nov 6 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Nov 6 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Nov 6 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Nov 6 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Nov 6 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Nov 6 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Nov 6 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Nov 6 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Nov 6 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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