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Print - 2007-04-19
HSBC and TCF to build quake-resistant houses in AJK

HSBC and TCF to build quake-resistant houses in AJK

The HSBC has joined hands with The Citizens Foundation (TCF) and has taken on the construction of 14 earthquake-resistant houses in the Bandi Karim Haider Shah village at Muzaffarabad district, Azad Jammu and Kashmir (AJK).
Published 19 Apr, 2007 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Wednesday (April 18, 2007).

Published 19 Apr, 2007 12:00am
Jadoon stresses educating masses about earthquake geology

Jadoon stresses educating masses about earthquake geology

World renowned Geologist and Project Director of US funded Paleo-seismology programme, Dr Robert Yeats called on Minister for Petroleum and Natural Resources, Amanullah Khan Jadoon here on Wednesday and briefed him about his study on active faults in Paki
Published 19 Apr, 2007 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Wednesday (April 18, 2007).

Published 19 Apr, 2007 12:00am
Pacra maintains entity ratings of SCM

Pacra maintains entity ratings of SCM

The Pakistan Credit Rating Agency (Pacra) has maintained the entity ratings of Standard Chartered Modaraba (SCM) at "AA+" (Double A plus) and "A1+" (A one plus) for the long-term and short-term, respectively. The ratings indicate low expectation of credit
Published 19 Apr, 2007 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Wednesday (April 18, 2007).

Published 19 Apr, 2007 12:00am
Pacra maintains entity ratings of SCM

Pacra maintains entity ratings of SCM

The Pakistan Credit Rating Agency (Pacra) has maintained the entity ratings of Standard Chartered Modaraba (SCM) at "AA+" (Double A plus) and "A1+" (A one plus) for the long-term and short-term, respectively. The ratings indicate low expectation of credit
Published 19 Apr, 2007 12:00am
Seminar on gold crafting today

Seminar on gold crafting today

A seminar on gold crafting is being organised by Pak Gem and Jewellery Development Co (PGJDC) at a local hotel on April 19. The government of Pakistan has recently formed PGJDC as a company, under section 42 of the company's act 1984.
Published 19 Apr, 2007 12:00am
Sino-Pak joint ventures urged

Sino-Pak joint ventures urged

Tanvir Ahmed Sheikh, President Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has called for joint ventures between Pakistan and China with buy back arrangements so that Pakistan's exports could get a boost.
Published 19 Apr, 2007 12:00am
Issuance of Indian visas from Karachi soon: Ibad

Issuance of Indian visas from Karachi soon: Ibad

Sindh Governor Dr Ishratul Ibad Khan has said that the Indian visas from Karachi will soon be issued, as a lot of progress in this regard has been achieved during the talks between the two governments.
Published 19 Apr, 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 (April 18, 2007).

Published 19 Apr, 2007 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Wednesday (April 18, 2007).

Published 19 Apr, 2007 12:00am
Dewan group to set up world class super stores

Dewan group to set up world class super stores

Dewan Group, Pakistan's major investment group, has planned to invest three to four billion rupees in the establishment of world-class Dmart super stores all over the country. The group has already invested Rs 500 million in the establishment of three Dma
Published 19 Apr, 2007 12:00am
Safta moot for removing non-tariff barriers

Safta moot for removing non-tariff barriers

South Asian countries have been asked to boost mutual trade and investment by removing non-tariff barriers, easing travel and visa restrictions, making more investment agreements and reviewing sensitive list.
Published 19 Apr, 2007 12:00am
Safta moot for removing non-tariff barriers

Safta moot for removing non-tariff barriers

South Asian countries have been asked to boost mutual trade and investment by removing non-tariff barriers, easing travel and visa restrictions, making more investment agreements and reviewing sensitive list.
Published 19 Apr, 2007 12:00am
Safta moot for removing non-tariff barriers

Safta moot for removing non-tariff barriers

South Asian countries have been asked to boost mutual trade and investment by removing non-tariff barriers, easing travel and visa restrictions, making more investment agreements and reviewing sensitive list.
Published 19 Apr, 2007 12:00am
Iran making nuclear fuel in underground plant: IAEA

Iran making nuclear fuel in underground plant: IAEA

Iran has begun producing nuclear fuel in its underground uranium enrichment plant, a confidential UN atomic watchdog document said on Wednesday, ratcheting up its defiance of the United Nations.
Published 19 Apr, 2007 12:00am
Iran making nuclear fuel in underground plant: IAEA

Iran making nuclear fuel in underground plant: IAEA

Iran has begun producing nuclear fuel in its underground uranium enrichment plant, a confidential UN atomic watchdog document said on Wednesday, ratcheting up its defiance of the United Nations.
Published 19 Apr, 2007 12:00am
Economic policies enjoy political consensus: Ishrat

Economic policies enjoy political consensus: Ishrat

Pakistan is one of the favoured destinations for the foreign direct investment, former governor of State Bank of Pakistan Dr Ishrat Hussain told a conference on "Pakistan: strategic challenges and prospects".
Published 19 Apr, 2007 12:00am
Economic policies enjoy political consensus: Ishrat

Economic policies enjoy political consensus: Ishrat

Pakistan is one of the favoured destinations for the foreign direct investment, former governor of State Bank of Pakistan Dr Ishrat Hussain told a conference on "Pakistan: strategic challenges and prospects".
Published 19 Apr, 2007 12:00am
Economic policies enjoy political consensus: Ishrat

Economic policies enjoy political consensus: Ishrat

Pakistan is one of the favoured destinations for the foreign direct investment, former governor of State Bank of Pakistan Dr Ishrat Hussain told a conference on "Pakistan: strategic challenges and prospects".
Published 19 Apr, 2007 12:00am
London terror suspect detention extended by three months

London terror suspect detention extended by three months

A Pakistani terror suspect has appeared in court here 18 months after his extradition from South Africa and is being held for alleged links to the 2005 London bombings, his lawyer said Wednesday.
Published 19 Apr, 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 (April 18, 2007).

Published 19 Apr, 2007 12:00am
Irsa to meet provinces' indents in Kharif

Irsa to meet provinces' indents in Kharif

The Indus River System Authority (Irsa) on Wednesday said there will be no difficulty to any of the province regarding their indent during the Kharif crop. According to Irsa's spokesman, the Authority is diligently watching the situation and vital assista
Published 19 Apr, 2007 12:00am
50 percent increase in Pak Suzuki profits

50 percent increase in Pak Suzuki profits

Motor Company Limited earned Rs 3.35 billion profit after tax in 2006 (January to December) against Rs 2.236 billion earned in 2005, with a healthy growth of 50 percent. The 24th Annual General Meeting (AGM) of the company, held here on Wednesday approved
Published 19 Apr, 2007 12:00am
50 percent increase in Pak Suzuki profits

50 percent increase in Pak Suzuki profits

Motor Company Limited earned Rs 3.35 billion profit after tax in 2006 (January to December) against Rs 2.236 billion earned in 2005, with a healthy growth of 50 percent. The 24th Annual General Meeting (AGM) of the company, held here on Wednesday approved
Published 19 Apr, 2007 12:00am
50 percent increase in Pak Suzuki profits

50 percent increase in Pak Suzuki profits

Motor Company Limited earned Rs 3.35 billion profit after tax in 2006 (January to December) against Rs 2.236 billion earned in 2005, with a healthy growth of 50 percent. The 24th Annual General Meeting (AGM) of the company, held here on Wednesday approved
Published 19 Apr, 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 (April 18, 2007).

Published 19 Apr, 2007 12:00am
50 percent increase in Pak Suzuki profits

50 percent increase in Pak Suzuki profits

Motor Company Limited earned Rs 3.35 billion profit after tax in 2006 (January to December) against Rs 2.236 billion earned in 2005, with a healthy growth of 50 percent. The 24th Annual General Meeting (AGM) of the company, held here on Wednesday approved
Published 19 Apr, 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 (April 18, 2007).

Published 19 Apr, 2007 12:00am
600 HBL branches to go online by year-end: Zakir

600 HBL branches to go online by year-end: Zakir

President Habib Bank Limited (HBL) Zakir Mehmood has said that after privatisation not only a healthy competition had been observed in banking sector but banks & public both were coming nearer to each other through IT technology.
Published 19 Apr, 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 (April 18, 2007).

Published 19 Apr, 2007 12:00am
Bulls dominate ISE proceedings

Bulls dominate ISE proceedings

Fresh buying spree in hot favourite moved the entire ready-board in upward direction at the Islamabad Stock Exchange (ISE), on Wednesday where bulls dominated the proceedings amid increase in index. ISE Ten Index showed an improvement of 50.26 points, as
Published 19 Apr, 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 19 Apr, 2007 12:00am
Bulls dominate ISE proceedings

Bulls dominate ISE proceedings

Fresh buying spree in hot favourite moved the entire ready-board in upward direction at the Islamabad Stock Exchange (ISE), on Wednesday where bulls dominated the proceedings amid increase in index. ISE Ten Index showed an improvement of 50.26 points, as
Published 19 Apr, 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 19 Apr, 2007 12:00am
Bulls go on rampage on LSE

Bulls go on rampage on LSE

Charged by fresh buying in petroleum and banking sectors, bulls went on rampage on Lahore Stock Exchange (LSE), where equities rose across the board with the index gaining 2-percent. The LSE-25 index finished at 4579.20 points as against 4488.91 of Tuesda
Published 19 Apr, 2007 12:00am
Bulls go on rampage on LSE

Bulls go on rampage on LSE

Charged by fresh buying in petroleum and banking sectors, bulls went on rampage on Lahore Stock Exchange (LSE), where equities rose across the board with the index gaining 2-percent. The LSE-25 index finished at 4579.20 points as against 4488.91 of Tuesda
Published 19 Apr, 2007 12:00am
Growth prospects promising

Growth prospects promising

Growth prospects for Pakistan economy are fairly promising and an increase to 7 percent, or even higher, in 2007 is expected based on strong recovery of agricultural sector and improved performance of manufacturing sector, Sarfraz Khan Qureshi, Chief Exec
Published 19 Apr, 2007 12:00am
Growth prospects promising

Growth prospects promising

Growth prospects for Pakistan economy are fairly promising and an increase to 7 percent, or even higher, in 2007 is expected based on strong recovery of agricultural sector and improved performance of manufacturing sector, Sarfraz Khan Qureshi, Chief Exec
Published 19 Apr, 2007 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 53,795 tonnes cargo including 29,353 tonnes import, 24,442 tonnes export cargo and 3,912 containers during last 24 hours ending at 0700 hours on Wednesday.
Published 19 Apr, 2007 12:00am
Growth prospects promising

Growth prospects promising

Growth prospects for Pakistan economy are fairly promising and an increase to 7 percent, or even higher, in 2007 is expected based on strong recovery of agricultural sector and improved performance of manufacturing sector, Sarfraz Khan Qureshi, Chief Exec
Published 19 Apr, 2007 12:00am
EU wheat prices slip

EU wheat prices slip

European Union wheat markets were generally weaker on Wednesday following more favourable weather reports and light profit-taking in the wake of repeated price rises in recent days, traders said.
Published 19 Apr, 2007 12:00am
SBP governor optimistic about robust economic growth

SBP governor optimistic about robust economic growth

Pakistan had emerged as attractive investment destination and would sustain macro-economic stability and robust economic growth in years ahead, Governor State Bank Dr Shamshad Akhtar said.
Published 19 Apr, 2007 12:00am
FOB Gulf grain: soft wheat soars; corn and soya rise

FOB Gulf grain: soft wheat soars; corn and soya rise

US FOB Gulf export premiums for corn and soyabeans rose on Tuesday following a sharp drop in futures prices, traders said. Offers for new-crop soft red winter wheat rose sharply due to concerns about cold temperatures killing some of the crop. Hard wheat
Published 19 Apr, 2007 12:00am
Unescap survey 2007: exchange rate management biggest challenge

Unescap survey 2007: exchange rate management biggest challenge

The United Nations Economic and Social Commission for Asia and the Pacific (Unescap) has termed exchange rate management as the biggest challenge for the region in 2007. However, the regional economies are expected to surge ahead despite risks in the year
Published 19 Apr, 2007 12:00am
Ukraine grain exports 36 percent down

Ukraine grain exports 36 percent down

Ukraine's grain exports fell by about 36 percent to 7.219 million tonnes so far in the 2006/07 season from 11.057 million in the same period in 2005/06 due to export restrictions, analysts said on Wednesday.
Published 19 Apr, 2007 12:00am
Unescap survey 2007: exchange rate management biggest challenge

Unescap survey 2007: exchange rate management biggest challenge

The United Nations Economic and Social Commission for Asia and the Pacific (Unescap) has termed exchange rate management as the biggest challenge for the region in 2007. However, the regional economies are expected to surge ahead despite risks in the year
Published 19 Apr, 2007 12:00am
Rice, cereal prices rise sharply

Rice, cereal prices rise sharply

Upwards trend was seen on the grain market on Wednesday on rising demand and short supplies from the upcountry centres, dealers said. Most of the changes were on the rice sector due to strong demand by the exporters. Some wholesale traders said the demand
Published 19 Apr, 2007 12:00am
Unescap survey 2007: exchange rate management biggest challenge

Unescap survey 2007: exchange rate management biggest challenge

The United Nations Economic and Social Commission for Asia and the Pacific (Unescap) has termed exchange rate management as the biggest challenge for the region in 2007. However, the regional economies are expected to surge ahead despite risks in the year
Published 19 Apr, 2007 12:00am
Manila buys 123,750t rice, bulk from Vietnam

Manila buys 123,750t rice, bulk from Vietnam

The Philippines has bought an additional 123,750 tonnes of rice, mostly from Vietnam, bringing total imports since the start of the year to about 1.32 million tonnes, a government source said on Wednesday.
Published 19 Apr, 2007 12:00am
BRIndex30 gains 219.63 points

BRIndex30 gains 219.63 points

BRIndex30 on Wednesday opened at 13,149.02 in the positive zone and remained there for whole of the trading time. It closed at 13,318.56 with a net positive change of 219.63 points and percentage change of 1.68. It saw an intra-day high of 13,327.00 and a
Published 19 Apr, 2007 12:00am
Drought cuts sharply Morocco grains crop

Drought cuts sharply Morocco grains crop

Morocco, the biggest state importer of wheat in North Africa, expects that drought will cut this season's harvest to less than half the 9.3 million tonnes harvested a year earlier, the agriculture minister said.
Published 19 Apr, 2007 12:00am
BRIndex30 gains 219.63 points

BRIndex30 gains 219.63 points

BRIndex30 on Wednesday opened at 13,149.02 in the positive zone and remained there for whole of the trading time. It closed at 13,318.56 with a net positive change of 219.63 points and percentage change of 1.68. It saw an intra-day high of 13,327.00 and a
Published 19 Apr, 2007 12:00am
CBOT corn ends down

CBOT corn ends down

Corn futures at the Chicago Board of Trade closed lower on Tuesday on better corn planting weather this week in the US Midwest, traders said. "The weather this week is a little more favourable for planting," said Mario Balletto, analyst for Citigroup.
Published 19 Apr, 2007 12:00am
Bulls dominate KSE

Bulls dominate KSE

The local share market witnessed a bullish session with healthy volumes and the benchmark KSE-100 index closed at the second highest level of its history of 12,189.29 points with fresh gains of 186.52 points on Wednesday.
Published 19 Apr, 2007 12:00am
CBOT wheat ends up

CBOT wheat ends up

Soft red winter wheat futures at the Chicago Board of Trade settled mostly higher on Tuesday after a drop in the USDA's weekly condition ratings for US winter wheat prompted short-covering, traders said. However, the market closed well below the day's hig
Published 19 Apr, 2007 12:00am
Bulls dominate KSE

Bulls dominate KSE

The local share market witnessed a bullish session with healthy volumes and the benchmark KSE-100 index closed at the second highest level of its history of 12,189.29 points with fresh gains of 186.52 points on Wednesday.
Published 19 Apr, 2007 12:00am
Oil cake market rates

Oil cake market rates

Both the vaidas were unchanged on the forward cottonseed oilcake market on Wednesday as there was buying to meet the urgent needs, dealers said. The May vaida was unchanged at Rs 648.00 and closing was seen at the same level. During the day vaida did not
Published 19 Apr, 2007 12:00am
Bulls dominate KSE

Bulls dominate KSE

The local share market witnessed a bullish session with healthy volumes and the benchmark KSE-100 index closed at the second highest level of its history of 12,189.29 points with fresh gains of 186.52 points on Wednesday.
Published 19 Apr, 2007 12:00am
Cotton prices remain firm in small business

Cotton prices remain firm in small business

Firmness prevailed in the cotton market on Wednesday as prices did not show any weakness in process of lean business, dealers said. The Karachi Cotton Association (KCA) official spot rate was unchanged at Rs 2725, without upcountry expenses.
Published 19 Apr, 2007 12:00am
Gold hits Rs 13,397

Gold hits Rs 13,397

Gold prices have reached Rs 13,397 per 10 gram in the domestic market in the wake of upward trend in international market, and its import has come to a halt, traders said. "Gold price has been increased today by Rs 95 per 10 gram to Rs 13397 per 10 grams,
Published 19 Apr, 2007 12:00am
Two Egyptian ports closed due to bad weather

Two Egyptian ports closed due to bad weather

Two of Egypt's Red Sea ports closed on Wednesday because of choppy waters and a sandstorm that reduced visibility, state news agency Mena said. A Red Sea Ports authority official said the ports of Hurghada and Safaga had been closed, according to Mena.
Published 19 Apr, 2007 12:00am
Gold hits Rs 13,397

Gold hits Rs 13,397

Gold prices have reached Rs 13,397 per 10 gram in the domestic market in the wake of upward trend in international market, and its import has come to a halt, traders said. "Gold price has been increased today by Rs 95 per 10 gram to Rs 13397 per 10 grams,
Published 19 Apr, 2007 12:00am
ANS makes slight gains

ANS makes slight gains

Alaska North Slope crude edged up 4 cents as benchmark cash crude West Texas Intermediate was steady on Monday. ANS sold on Friday at 25 cents per barrel above WTI for a 300,000-barrel cargo due for delivery in June, according to the buyer and seller.
Published 19 Apr, 2007 12:00am
Gold hits Rs 13,397

Gold hits Rs 13,397

Gold prices have reached Rs 13,397 per 10 gram in the domestic market in the wake of upward trend in international market, and its import has come to a halt, traders said. "Gold price has been increased today by Rs 95 per 10 gram to Rs 13397 per 10 grams,
Published 19 Apr, 2007 12:00am
New York coffee climbs

New York coffee climbs

US arabica coffee settled firm on Tuesday, recouping some of Monday's losses on a technical bounce amid active spreading and a lack of origin selling, traders said. The market held support levels for May at $1.08 and July at $1.11.
Published 19 Apr, 2007 12:00am
Cairns Group moot urges end to agriculture trade anomalies

Cairns Group moot urges end to agriculture trade anomalies

On the conclusion of the three-day Ministerial meeting, the Cairns Group on Wednesday issued ''Lahore Communiqué'', which said that it wants a good deal at the next Doha Round to make it a success within the given timeframe.
Published 19 Apr, 2007 12:00am
MGE wheat settles lower

MGE wheat settles lower

Spring wheat futures on the Minneapolis Grain Exchange closed lower on Tuesday, backing off advances tied to a drop in US winter wheat condition ratings, traders said. "There was no follow-through on the rally, and it fell apart," one trader said.
Published 19 Apr, 2007 12:00am
Cairns Group moot urges end to agriculture trade anomalies

Cairns Group moot urges end to agriculture trade anomalies

On the conclusion of the three-day Ministerial meeting, the Cairns Group on Wednesday issued 'Lahore Communiqué', which said that it wants a good deal at the next Doha Round to make it a success within the given timeframe.
Published 19 Apr, 2007 12:00am
New York cocoa soars to close 2.8 percent up

New York cocoa soars to close 2.8 percent up

US cocoa futures closed up 2.8 percent on Tuesday after soaring to a near four-year peak as a stronger pound spurred arbitrage buying, traders said. "The strength in the market today was seen because of that British pound, it just pushed to a new high tod
Published 19 Apr, 2007 12:00am
Cairns Group moot urges end to agriculture trade anomalies

Cairns Group moot urges end to agriculture trade anomalies

On the conclusion of the three-day Ministerial meeting, the Cairns Group on Wednesday issued 'Lahore Communiqué', which said that it wants a good deal at the next Doha Round to make it a success within the given timeframe.
Published 19 Apr, 2007 12:00am
Indonesia approves tin export licence for Koba Tin

Indonesia approves tin export licence for Koba Tin

Indonesia has approved tin export permits for two more smelters, including PT Koba Tin, taking the number of tin exporters to five, a senior trade ministry official said on Wednesday.
Published 19 Apr, 2007 12:00am
NAB complains against software provided by PRAL

NAB complains against software provided by PRAL

The National Accountability Bureau (NAB) has expressed serious concerns over the delay in data entry of declaration of income and assets of government officials due to use of an unapproved software provided by the Pakistan Automation Revenue Limited (PRAL
Published 19 Apr, 2007 12:00am
US copper hits new highs

US copper hits new highs

US copper futures rallied to life-of-contract highs on Tuesday as a bout of speculative short-covering gained momentum when London copper breached $8,000 a tonne, analysts said.
Published 19 Apr, 2007 12:00am
NAB complains against software provided by PRAL

NAB complains against software provided by PRAL

The National Accountability Bureau (NAB) has expressed serious concerns over the delay in data entry of declaration of income and assets of government officials due to use of an unapproved software provided by the Pakistan Automation Revenue Limited (PRAL
Published 19 Apr, 2007 12:00am
US gold down

US gold down

US gold futures ended $2 lower on Tuesday, ignoring a weak dollar, as falling energy prices prompted jittery investors to lock in profits as prices were within sight of the psychological $700 level. Most-active gold futures for June delivery on the Comex
Published 19 Apr, 2007 12:00am
NAB complains against software provided by PRAL

NAB complains against software provided by PRAL

The National Accountability Bureau (NAB) has expressed serious concerns over the delay in data entry of declaration of income and assets of government officials due to use of an unapproved software provided by the Pakistan Automation Revenue Limited (PRAL
Published 19 Apr, 2007 12:00am