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Print - 2007-03-27
Shares buy-back schedule

Shares buy-back schedule

Shares buy-back schedule of listed companies on Monday (March 26, 2007).

Published 27 Mar, 2007 12:00am
New SBP deputy governor assumes office on Thursday

New SBP deputy governor assumes office on Thursday

Yaseen Anwar, a senior banker will assume office as Deputy Governor, State Bank of Pakistan (SBP), on March 29, 2007. Having broad hands experience in managing operations, payments and credit, Anwar is expected to head Corporate Affairs at the central ban
Published 27 Mar, 2007 12:00am
New SBP deputy governor assumes office on Thursday

New SBP deputy governor assumes office on Thursday

Yaseen Anwar, a senior banker will assume office as Deputy Governor, State Bank of Pakistan (SBP), on March 29, 2007. Having broad hands experience in managing operations, payments and credit, Anwar is expected to head Corporate Affairs at the central ban
Published 27 Mar, 2007 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 27 Mar, 2007 12:00am
Police-militants clash leaves three dead

Police-militants clash leaves three dead

Police clashed with suspected Taliban militants trying to recruit schoolchildren in Tank on Monday, in the fight a policeman and two militants were killed, police said. After the gun battle in Tank, the militants threw at least three hand grenades in diff
Published 27 Mar, 2007 12:00am
Police-militants clash leaves three dead

Police-militants clash leaves three dead

Police clashed with suspected Taliban militants trying to recruit schoolchildren in Tank on Monday, in the fight a policeman and two militants were killed, police said. After the gun battle in Tank, the militants threw at least three hand grenades in diff
Published 27 Mar, 2007 12:00am
SBP prescribes capital adequacy reporting format

SBP prescribes capital adequacy reporting format

The State Bank of Pakistan (SBP) has prescribed the formats regarding reporting of the circulation of capital adequacy of banks/DFIs based on the parameters provided earlier on June 27, 2006. These formats primarily cover Standardised Approaches for credi
Published 27 Mar, 2007 12:00am
SBP prescribes capital adequacy reporting format

SBP prescribes capital adequacy reporting format

The State Bank of Pakistan (SBP) has prescribed the formats regarding reporting of the circulation of capital adequacy of banks/DFIs based on the parameters provided earlier on June 27, 2006. These formats primarily cover Standardised Approaches for credi
Published 27 Mar, 2007 12:00am
SBP prescribes capital adequacy reporting format

SBP prescribes capital adequacy reporting format

The State Bank of Pakistan (SBP) has prescribed the formats regarding reporting of the circulation of capital adequacy of banks/DFIs based on the parameters provided earlier on June 27, 2006. These formats primarily cover Standardised Approaches for credi
Published 27 Mar, 2007 12:00am
Three kidnapped Iranian policemen recovered from Buleda

Three kidnapped Iranian policemen recovered from Buleda

The security agencies have recovered three Iranian police who were kidnapped by militants and handed them back to authorities in Iran, while a fourth is believed to have been killed, officials said on Monday.
Published 27 Mar, 2007 12:00am
Treasury Bills auction on March 28

Treasury Bills auction on March 28

The State Bank of Pakistan (SBP) has invited bids (separately) for Rs 45 billion for three-month, six-month and 12-month Treasury Bills for March 28, 2007.
Published 27 Mar, 2007 12:00am
Treasury Bills auction on March 28

Treasury Bills auction on March 28

The State Bank of Pakistan (SBP) has invited bids (separately) for Rs 45 billion for three-month, six-month and 12-month Treasury Bills for March 28, 2007.
Published 27 Mar, 2007 12:00am
Treasury Bills auction on March 28

Treasury Bills auction on March 28

The State Bank of Pakistan (SBP) has invited bids (separately) for Rs 45 billion for three-month, six-month and 12-month Treasury Bills for March 28, 2007.
Published 27 Mar, 2007 12:00am
Treasury Bills auction on March 28

Treasury Bills auction on March 28

The State Bank of Pakistan (SBP) has invited bids (separately) for Rs 45 billion for three-month, six-month and 12-month Treasury Bills for March 28, 2007.
Published 27 Mar, 2007 12:00am
Pakistan and Turkish navies sign MoU

Pakistan and Turkish navies sign MoU

Pakistan and Turkish navies on Monday signed a Memorandum of Understanding on collaboration in naval research, technology and development. The MoU signed in Islamabad will help further strengthen already existence ties between the two countries.
Published 27 Mar, 2007 12:00am
Pakistan and Turkish navies sign MoU

Pakistan and Turkish navies sign MoU

Pakistan and Turkish navies on Monday signed a Memorandum of Understanding on collaboration in naval research, technology and development. The MoU signed in Islamabad will help further strengthen already existence ties between the two countries.
Published 27 Mar, 2007 12:00am
Turkish commander conferred Nishan-e-Imtiaz

Turkish commander conferred Nishan-e-Imtiaz

President General Pervez Musharraf on Monday conferred the award of Nishan-e-Imtiaz (Military) on Admiral Yener Karahanoglu, Commander Turkish Naval Forces here at the Aiwan-e-Sadr.
Published 27 Mar, 2007 12:00am
Sugar industry seeks Musharraf''s help for averting crisis

Sugar industry seeks Musharraf''s help for averting crisis

Members of Pakistan Sugar Mills Association (PSMA) Punjab have urged the President Pervez Musharraf to intervene immediately before the current crisis pushes the sugar industry in deeper crises, causing detrimental impact on survival of the industry and u
Published 27 Mar, 2007 12:00am
Sugar industry seeks Musharraf's help for averting crisis

Sugar industry seeks Musharraf's help for averting crisis

Members of Pakistan Sugar Mills Association (PSMA) Punjab have urged the President Pervez Musharraf to intervene immediately before the current crisis pushes the sugar industry in deeper crises, causing detrimental impact on survival of the industry and u
Published 27 Mar, 2007 12:00am
Sugar industry seeks Musharraf's help for averting crisis

Sugar industry seeks Musharraf's help for averting crisis

Members of Pakistan Sugar Mills Association (PSMA) Punjab have urged the President Pervez Musharraf to intervene immediately before the current crisis pushes the sugar industry in deeper crises, causing detrimental impact on survival of the industry and u
Published 27 Mar, 2007 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Monday (March 26, 2007).

Published 27 Mar, 2007 12:00am
India to go ahead with IPI project: Mukherjee

India to go ahead with IPI project: Mukherjee

Foreign Minister Pranab Mukherjee signalled on Monday that India intends to go ahead with a multi-billion-dollar gas pipeline from Iran via Pakistan despite objections from the United States.
Published 27 Mar, 2007 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Monday (March 26, 2007).

Published 27 Mar, 2007 12:00am
India to go ahead with IPI project: Mukherjee

India to go ahead with IPI project: Mukherjee

Foreign Minister Pranab Mukherjee signalled on Monday that India intends to go ahead with a multi-billion-dollar gas pipeline from Iran via Pakistan despite objections from the United States.
Published 27 Mar, 2007 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Monday (March 26, 2007).

Published 27 Mar, 2007 12:00am
India to go ahead with IPI project: Mukherjee

India to go ahead with IPI project: Mukherjee

Foreign Minister Pranab Mukherjee signalled on Monday that India intends to go ahead with a multi-billion-dollar gas pipeline from Iran via Pakistan despite objections from the United States.
Published 27 Mar, 2007 12:00am
ADB proposes $12.5 million for quake emergency

ADB proposes $12.5 million for quake emergency

The Asian Development Bank President has recommended to reallocate the ADB loan savings in SDR equivalent to $12.5 million from the Second Science Education Sector Project to the quick-disbursing component of the Earthquake Emergency Assistance Project (E
Published 27 Mar, 2007 12:00am
EDB finalises modalities of non-tariff part of AIDP

EDB finalises modalities of non-tariff part of AIDP

The Engineering Development Board (EDB) and automotive industry have finalised the implementation modalities of the non-tariff portion of Auto Industry Development Plan (AIDP), sources told Business Recorder on Monday.
Published 27 Mar, 2007 12:00am
EDB finalises modalities of non-tariff part of AIDP

EDB finalises modalities of non-tariff part of AIDP

The Engineering Development Board (EDB) and automotive industry have finalised the implementation modalities of the non-tariff portion of Auto Industry Development Plan (AIDP), sources told Business Recorder on Monday.
Published 27 Mar, 2007 12:00am
EDB finalises modalities of non-tariff part of AIDP

EDB finalises modalities of non-tariff part of AIDP

The Engineering Development Board (EDB) and automotive industry have finalised the implementation modalities of the non-tariff portion of Auto Industry Development Plan (AIDP), sources told Business Recorder on Monday.
Published 27 Mar, 2007 12:00am
World currencies and euro

World currencies and euro

Value of the euro in terms of other world currencies as prevailing in the week ended Monday (March 26, 2007).
Published 27 Mar, 2007 12:00am
Canada's economy to outperform US in 2007: TD Bank

Canada's economy to outperform US in 2007: TD Bank

The Canadian economy should outperform the US economy in 2007, helped partly by a pickup in exports to the United States later this year, Toronto-Dominion Bank's economics group said on Monday.
Published 27 Mar, 2007 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Monday (March 26, 2007).

Published 27 Mar, 2007 12:00am
Arcelor, Nippon Steel to double US output

Arcelor, Nippon Steel to double US output

Arcelor Mittal and Nippon Steel Corp have agreed to double automotive sheet capacity at their US joint venture at an estimated cost of 30 billion yen ($254 million), the Nikkei business daily reported on Monday.
Published 27 Mar, 2007 12:00am
Equities show healthy sign on ISE

Equities show healthy sign on ISE

Equities showed healthy signs under the lead of trend-setters 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 was plus by 18.88 points,
Published 27 Mar, 2007 12:00am
Equities show healthy sign on ISE

Equities show healthy sign on ISE

Equities showed healthy signs under the lead of trend-setters 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 was plus by 18.88 points,
Published 27 Mar, 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 Monday (March 26, 2007).

Published 27 Mar, 2007 12:00am
Lacklustre conditions on LSE

Lacklustre conditions on LSE

Lacklustre conditions prevailed at Lahore Stock Exchange (LSE) on Monday where the sentiment stayed bearish because of political uncertainty and lack of interest following issuance of notices to brokers for the March 2005 crisis.
Published 27 Mar, 2007 12:00am
Lacklustre conditions on LSE

Lacklustre conditions on LSE

Lacklustre conditions prevailed at Lahore Stock Exchange (LSE) on Monday where the sentiment stayed bearish because of political uncertainty and lack of interest following issuance of notices to brokers for the March 2005 crisis.
Published 27 Mar, 2007 12:00am
Banks'' foreign exchange dealings limit raised by $100 million

Banks'' foreign exchange dealings limit raised by $100 million

The State Bank of Pakistan has enhanced the banking sector''s existing foreign exchange dealing capacity by $100 million in order to ultimately permit oil import payments to be met from this forex inflow, instead of SBP''s own forex reserves.
Published 27 Mar, 2007 12:00am
Banks' foreign exchange dealings limit raised by $100 million

Banks' foreign exchange dealings limit raised by $100 million

The State Bank of Pakistan has enhanced the banking sector's existing foreign exchange dealing capacity by $100 million in order to ultimately permit oil import payments to be met from this forex inflow, instead of SBP's own forex reserves.
Published 27 Mar, 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 Monday (March 26, 2007).

Published 27 Mar, 2007 12:00am
Banks' foreign exchange dealings limit raised by $100 million

Banks' foreign exchange dealings limit raised by $100 million

The State Bank of Pakistan has enhanced the banking sector's existing foreign exchange dealing capacity by $100 million in order to ultimately permit oil import payments to be met from this forex inflow, instead of SBP's own forex reserves.
Published 27 Mar, 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 Monday (March 26, 2007).

Published 27 Mar, 2007 12:00am
Anwar made information secretary

Anwar made information secretary

The federal government has re-appointed media expert Syed Anwar Mahmood, a grade 22 officer of Information Service group, as the federal Secretary, Ministry of Information and Broadcasting. Syed Anwar Mahmood was appointed federal Health Secretary in 2005
Published 27 Mar, 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 Monday (March 26, 2007).

Published 27 Mar, 2007 12:00am
Anwar made information secretary

Anwar made information secretary

The federal government has re-appointed media expert Syed Anwar Mahmood, a grade 22 officer of Information Service group, as the federal Secretary, Ministry of Information and Broadcasting. Syed Anwar Mahmood was appointed federal Health Secretary in 2005
Published 27 Mar, 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 27 Mar, 2007 12:00am
Prime Minister to interact with lawyers soon: Durrani

Prime Minister to interact with lawyers soon: Durrani

Federal Minister for Information and Broadcasting Muhammad Ali Durrani on Monday said Prime Minister Shaukat Aziz would interact with the lawyers' community in next few days to brief them on the government's viewpoint.
Published 27 Mar, 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 27 Mar, 2007 12:00am
BRIndex30 sheds 72.03 points

BRIndex30 sheds 72.03 points

On Monday, the BRIndex30 opened in the positive zone at 12,394.94, with a jump gap of 73.03 and, after remaining there for almost an hour of trading time, fell in the red zone.
Published 27 Mar, 2007 12:00am
Ivorian cocoa arrivals down

Ivorian cocoa arrivals down

Cocoa arrivals at ports in Ivory Coast reached 900,000 tonnes between October 1 and March 25 as the main crop drew to a close, compared with 907,031 tonnes a year earlier, according to estimates from exporters on Monday.
Published 27 Mar, 2007 12:00am
BRIndex30 sheds 72.03 points

BRIndex30 sheds 72.03 points

On Monday, the BRIndex30 opened in the positive zone at 12,394.94, with a jump gap of 73.03 and, after remaining there for almost an hour of trading time, fell in the red zone.
Published 27 Mar, 2007 12:00am
Oil cake market rates

Oil cake market rates

Futures were unchanged on the forward cottonseed oilcake market on Monday as buyers were active to cover immediate needs, they said. The May vaida was unchanged at Rs 690.50 and that proved to be day's lowest at the same rate. In process of trading it gai
Published 27 Mar, 2007 12:00am
Investors exercise caution on KSE

Investors exercise caution on KSE

Karachi share market witnessed a range-bound session on Monday with the KSE-100 index oscillating between 11,350 intra-day high and 11,256 low, finally closing at 11,301.62 points level, with a nominal gain of 6.64 points. The KSE-30 index lost 52.46 poin
Published 27 Mar, 2007 12:00am
No change in price level seen on cotton market

No change in price level seen on cotton market

Firmness prevailed in the cotton market on Monday as ginners did not lower the asking rates on anticipation of further rise in the prices, dealers said.
Published 27 Mar, 2007 12:00am
Investors exercise caution on KSE

Investors exercise caution on KSE

Karachi share market witnessed a range-bound session on Monday with the KSE-100 index oscillating between 11,350 intra-day high and 11,256 low, finally closing at 11,301.62 points level, with a nominal gain of 6.64 points. The KSE-30 index lost 52.46 poin
Published 27 Mar, 2007 12:00am
Argentine wheat sales unchanged

Argentine wheat sales unchanged

Argentine 2006/07 wheat export commitments were unchanged at 8.805 million tonnes by March 23, the Agriculture Secretariat said in its latest weekly report. By the same date last year, Argentina had sold 5.58 million tonnes of the grain.
Published 27 Mar, 2007 12:00am
Investors exercise caution on KSE

Investors exercise caution on KSE

Karachi share market witnessed a range-bound session on Monday with the KSE-100 index oscillating between 11,350 intra-day high and 11,256 low, finally closing at 11,301.62 points level, with a nominal gain of 6.64 points. The KSE-30 index lost 52.46 poin
Published 27 Mar, 2007 12:00am
Masoor Canada down on grain market

Masoor Canada down on grain market

Declining price trend was seen on the grain market on Monday as most of the items tended lower in process of trading, dealers said. On the cereal side masoor Canada shed Rs 100 to Rs 3150. Barley Sindh and Mardan lost Rs 25 to Rs 1100. Wheat Mexipak old a
Published 27 Mar, 2007 12:00am
Marketmen further raise DAP price

Marketmen further raise DAP price

Market movers have further raised the price of Dia Ammonium Phosphate (DAP) by Rs 60 to Rs 1,450 per 50-kg bag in the wake of rising demand and short supply in the country, traders said on Monday.
Published 27 Mar, 2007 12:00am
Marketmen further raise DAP price

Marketmen further raise DAP price

Market movers have further raised the price of Dia Ammonium Phosphate (DAP) by Rs 60 to Rs 1,450 per 50-kg bag in the wake of rising demand and short supply in the country, traders said on Monday.
Published 27 Mar, 2007 12:00am
Philippines buys Chinese wheat

Philippines buys Chinese wheat

A group of Philippine feedmillers and hog and poultry farmers bought 33,000 tonnes of Chinese feed wheat for May/June shipment, traders said on Monday. The traders, who asked not to be identified, said the group bought the commodity from agribusiness comp
Published 27 Mar, 2007 12:00am
Marketmen further raise DAP price

Marketmen further raise DAP price

Market movers have further raised the price of Dia Ammonium Phosphate (DAP) by Rs 60 to Rs 1,450 per 50-kg bag in the wake of rising demand and short supply in the country, traders said on Monday.
Published 27 Mar, 2007 12:00am
Indonesia sees cocoa output rising 7 percent

Indonesia sees cocoa output rising 7 percent

Indonesia's cocoa output is expected to rise as much as 7 percent in 2007 from a year ago as the nation boosts yields through better farm management, a top industry official said on Monday.
Published 27 Mar, 2007 12:00am
Centre seeks provinces'' views on cotton target

Centre seeks provinces'' views on cotton target

The federal government has asked for provincial governments'' comments in connection with preparation of a long-term strategy for increasing cotton production. The Ministry of Food, Agriculture and Livestock (Minfal) has fixed the 2007-08 cotton output ta
Published 27 Mar, 2007 12:00am
Cotton prices may remain bullish in coming months

Cotton prices may remain bullish in coming months

The story of the current cotton crop is almost closing, and that of new crop is taking a start. Premature sowing intentions indicate more or less the same area--around 3.20 million hectares. Official circles have started working on estimation of the size
Published 27 Mar, 2007 12:00am
Centre seeks provinces' views on cotton target

Centre seeks provinces' views on cotton target

The federal government has asked for provincial governments' comments in connection with preparation of a long-term strategy for increasing cotton production. The Ministry of Food, Agriculture and Livestock (Minfal) has fixed the 2007-08 cotton output tar
Published 27 Mar, 2007 12:00am