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Nov 15, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2007-05-22
Dull trading on LSE

Dull trading on LSE

The share market moved in a very tight band with further decline in trade turnover, which the analysts said, was due to isolation of potential investors in view of political reasons as well as fears of expanding the scope of FBI investigation of local bro
Published 22 May, 2007 12:00am
Rs 549 billion development outlay worked out

Rs 549 billion development outlay worked out

The total development outlay for 2007-08 has been worked out at Rs 549 billion that includes Rs 479 billion for the federal and the provincial Public Sector Development Programme (PSDP) and Rs 35 billion each for special programmes and corporations, said
Published 22 May, 2007 12:00am
Rs 549 billion development outlay worked out

Rs 549 billion development outlay worked out

The total development outlay for 2007-08 has been worked out at Rs 549 billion that includes Rs 479 billion for the federal and the provincial Public Sector Development Programme (PSDP) and Rs 35 billion each for special programmes and corporations, said
Published 22 May, 2007 12:00am
Rs 549 billion development outlay worked out

Rs 549 billion development outlay worked out

The total development outlay for 2007-08 has been worked out at Rs 549 billion that includes Rs 479 billion for the federal and the provincial Public Sector Development Programme (PSDP) and Rs 35 billion each for special programmes and corporations, said
Published 22 May, 2007 12:00am
BRIndex30 sheds 44.73 points

BRIndex30 sheds 44.73 points

On Monday, the BRIndex30 opened in the red zone at 13,476.28 and remained there for whole of the trading time, with a downward gap of 31.26 points. The BRIndex30 recorded a net negative change of -44.73 points and percentage change of -0.33, closing at 13
Published 22 May, 2007 12:00am
BRIndex30 sheds 44.73 points

BRIndex30 sheds 44.73 points

On Monday, the BRIndex30 opened in the red zone at 13,476.28 and remained there for whole of the trading time, with a downward gap of 31.26 points. The BRIndex30 recorded a net negative change of -44.73 points and percentage change of -0.33, closing at 13
Published 22 May, 2007 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Monday (May 21, 2007).

Published 22 May, 2007 12:00am
KSE-100 index loses 57.19 points

KSE-100 index loses 57.19 points

Bearish trend prevailed at the Karachi share market on Monday on the back of uncertainty on political front and declining portfolio investment at the equity market. The benchmark KSE-100 index witnessed a fresh decline of and closed at 12,283.23 points le
Published 22 May, 2007 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Monday (May 21, 2007).

Published 22 May, 2007 12:00am
KSE-100 index loses 57.19 points

KSE-100 index loses 57.19 points

Bearish trend prevailed at the Karachi share market on Monday on the back of uncertainty on political front and declining portfolio investment at the equity market. The benchmark KSE-100 index witnessed a fresh decline of and closed at 12,283.23 points le
Published 22 May, 2007 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Monday (May 21, 2007).

Published 22 May, 2007 12:00am
KSE-100 index loses 57.19 points

KSE-100 index loses 57.19 points

Bearish trend prevailed at the Karachi share market on Monday on the back of uncertainty on political front and declining portfolio investment at the equity market. The benchmark KSE-100 index witnessed a fresh decline of and closed at 12,283.23 points le
Published 22 May, 2007 12:00am
Rs eight billion treasury-bills sold

Rs eight billion treasury-bills sold

The State Bank of Pakistan said on Monday that it would auction Rs 8.0 billion ($131.7 million) worth of three-, six- and 12-month Treasury Bills this week. The auction will be on Wednesday, with settlement due on the following day, the State Bank of Paki
Published 22 May, 2007 12:00am
Rs eight billion treasury-bills sold

Rs eight billion treasury-bills sold

The State Bank of Pakistan said on Monday that it would auction Rs 8.0 billion ($131.7 million) worth of three-, six- and 12-month Treasury Bills this week. The auction will be on Wednesday, with settlement due on the following day, the State Bank of Paki
Published 22 May, 2007 12:00am
Rs eight billion treasury-bills sold

Rs eight billion treasury-bills sold

The State Bank of Pakistan said on Monday that it would auction Rs 8.0 billion ($131.7 million) worth of three-, six- and 12-month Treasury Bills this week. The auction will be on Wednesday, with settlement due on the following day, the State Bank of Paki
Published 22 May, 2007 12:00am
Rs eight billion treasury-bills sold

Rs eight billion treasury-bills sold

The State Bank of Pakistan said on Monday that it would auction Rs 8.0 billion ($131.7 million) worth of three-, six- and 12-month Treasury Bills this week. The auction will be on Wednesday, with settlement due on the following day, the State Bank of Paki
Published 22 May, 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 (May 21, 2007).
Published 22 May, 2007 12:00am
Two gas terminals to be set up at Port Qasim

Two gas terminals to be set up at Port Qasim

The ground-breaking of two important projects, dedicated floating liquefied natural gas (LNG) and dedicated liquefied petroleum gas (LPG) is likely to take place at Port Qasim some time in the last week of this month.
Published 22 May, 2007 12:00am
Two gas terminals to be set up at Port Qasim

Two gas terminals to be set up at Port Qasim

The ground-breaking of two important projects, dedicated floating liquefied natural gas (LNG) and dedicated liquefied petroleum gas (LPG) is likely to take place at Port Qasim some time in the last week of this month.
Published 22 May, 2007 12:00am
Two gas terminals to be set up at Port Qasim

Two gas terminals to be set up at Port Qasim

The ground-breaking of two important projects, dedicated floating liquefied natural gas (LNG) and dedicated liquefied petroleum gas (LPG) is likely to take place at Port Qasim some time in the last week of this month.
Published 22 May, 2007 12:00am
Centre rules out ban on wheat export

Centre rules out ban on wheat export

The federal government has turned down the Sindh government''s demand to ban wheat export, saying that export will continue as huge wheat stocks for local consumption is available in the country.
Published 22 May, 2007 12:00am
Centre rules out ban on wheat export

Centre rules out ban on wheat export

The federal government has turned down the Sindh government's demand to ban wheat export, saying that export will continue as huge wheat stocks for local consumption is available in the country.
Published 22 May, 2007 12:00am
Centre rules out ban on wheat export

Centre rules out ban on wheat export

The federal government has turned down the Sindh government's demand to ban wheat export, saying that export will continue as huge wheat stocks for local consumption is available in the country.
Published 22 May, 2007 12:00am
No court can challenge SJC proceedings: Qayyum

No court can challenge SJC proceedings: Qayyum

Leading counsel for the federation Malik Mohammad Qayyum has submitted before the Supreme Court that proceedings of the Supreme Judicial Council, its report to the President and removal of a judge by the President on the basis of SJC report could not be c
Published 22 May, 2007 12:00am
No court can challenge SJC proceedings: Qayyum

No court can challenge SJC proceedings: Qayyum

Leading counsel for the federation Malik Mohammad Qayyum has submitted before the Supreme Court that proceedings of the Supreme Judicial Council, its report to the President and removal of a judge by the President on the basis of SJC report could not be c
Published 22 May, 2007 12:00am
GNP to reach $150 billion, per capita income $950 this year

GNP to reach $150 billion, per capita income $950 this year

Despite high international oil prices and devastating earthquake 2005, the economy has grown on an annual average of 7.5 percent during the last four years 2003-06. This year, 2006-07 by achieving growth rate of over 7 percent, the GNP would reach about $
Published 22 May, 2007 12:00am
GNP to reach $150 billion, per capita income $950 this year

GNP to reach $150 billion, per capita income $950 this year

Despite high international oil prices and devastating earthquake 2005, the economy has grown on an annual average of 7.5 percent during the last four years 2003-06. This year, 2006-07 by achieving growth rate of over 7 percent, the GNP would reach about $
Published 22 May, 2007 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Monday (May 21, 2007).

Published 22 May, 2007 12:00am
GNP to reach $150 billion, per capita income $950 this year

GNP to reach $150 billion, per capita income $950 this year

Despite high international oil prices and devastating earthquake 2005, the economy has grown on an annual average of 7.5 percent during the last four years 2003-06. This year, 2006-07 by achieving growth rate of over 7 percent, the GNP would reach about $
Published 22 May, 2007 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Monday (May 21, 2007).
Published 22 May, 2007 12:00am
Jamali resigns from party's basic membership

Jamali resigns from party's basic membership

Former Prime Minister and senior leader of Pakistan Muslim League Mir Zafarullah Khan Jamali resigned on Monday from the basic membership of the party, expressing his strong resentment on the attitude of the party President Chaudhry Shujaat Hussain.
Published 22 May, 2007 12:00am
Jamali resigns from party's basic membership

Jamali resigns from party's basic membership

Former Prime Minister and senior leader of Pakistan Muslim League Mir Zafarullah Khan Jamali resigned on Monday from the basic membership of the party, expressing his strong resentment on the attitude of the party President Chaudhry Shujaat Hussain.
Published 22 May, 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 (May 21, 2007).

Published 22 May, 2007 12:00am
Musharraf lays foundation of new Balakot City

Musharraf lays foundation of new Balakot City

President General Pervez Musharraf on Monday performed the ground breaking of Rs 12 billion modern city of Balakot, to be built in place of old Balakot city that was devastated in the October 8, 2005 earthquake.
Published 22 May, 2007 12:00am
Musharraf lays foundation of new Balakot City

Musharraf lays foundation of new Balakot City

President General Pervez Musharraf on Monday performed the ground breaking of Rs 12 billion modern city of Balakot, to be built in place of old Balakot city that was devastated in the October 8, 2005 earthquake.
Published 22 May, 2007 12:00am
Controversial sales tax law may be retained in budget

Controversial sales tax law may be retained in budget

The Central Board of Revenue (CBR) is likely to retain the controversial sales tax law - Missing Traders Fraud - in the budget 2007-2008 under which all partners in the supply chain would be jointly liable to deposit the unpaid amount of tax at any stage
Published 22 May, 2007 12:00am
Controversial sales tax law may be retained in budget

Controversial sales tax law may be retained in budget

The Central Board of Revenue (CBR) is likely to retain the controversial sales tax law - Missing Traders Fraud - in the budget 2007-2008 under which all partners in the supply chain would be jointly liable to deposit the unpaid amount of tax at any stage
Published 22 May, 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 (May 21, 2007).

Published 22 May, 2007 12:00am
Controversial sales tax law may be retained in budget

Controversial sales tax law may be retained in budget

The Central Board of Revenue (CBR) is likely to retain the controversial sales tax law - Missing Traders Fraud - in the budget 2007-2008 under which all partners in the supply chain would be jointly liable to deposit the unpaid amount of tax at any stage
Published 22 May, 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 (May 21, 2007).

Published 22 May, 2007 12:00am
Controversial sales tax law may be retained in budget

Controversial sales tax law may be retained in budget

The Central Board of Revenue (CBR) is likely to retain the controversial sales tax law - Missing Traders Fraud - in the budget 2007-2008 under which all partners in the supply chain would be jointly liable to deposit the unpaid amount of tax at any stage
Published 22 May, 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 (May 21, 2007).

Published 22 May, 2007 12:00am
25 Taliban, 14 cops killed in Afghan gunbattles

25 Taliban, 14 cops killed in Afghan gunbattles

Coalition warplanes bombed rebel compounds in 14 hours of fighting that left 25 rebels dead in southern Afghanistan, the Afghan and US-led forces said on Monday. The battle raged on Sunday near the town of Sangin in the southern province of Helmand, near
Published 22 May, 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 22 May, 2007 12:00am
25 Taliban, 14 cops killed in Afghan gunbattles

25 Taliban, 14 cops killed in Afghan gunbattles

Coalition warplanes bombed rebel compounds in 14 hours of fighting that left 25 rebels dead in southern Afghanistan, the Afghan and US-led forces said on Monday. The battle raged on Sunday near the town of Sangin in the southern province of Helmand, near
Published 22 May, 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 22 May, 2007 12:00am
Ivorian cocoa arrivals seen down

Ivorian cocoa arrivals seen down

Cocoa arrivals at ports in Ivory Coast from October 1 to May 20 reached around 1,034,000 tonnes, compared with 1,130,114 tonnes in the same period last year, exporters estimated on Monday.
Published 22 May, 2007 12:00am
Oil cake market rates

Oil cake market rates

Both the futures were unchanged on the forward cottonseed oilcake market on Monday as a very small number of buyers were in the market to meet their urgent need, dealers said. The May vaida was unchanged at Rs 643.50, which proved to be day's best and clo
Published 22 May, 2007 12:00am
Prices static in lacklustre cotton market

Prices static in lacklustre cotton market

Czlmness prevailed in the cotton market on Monday as the spot rate maintained the overnight levels in lacklustre business, dealers said. The Karachi Cotton Association (KCA) official spot rate was unchanged at Rs 2650, without upcountry expenses.
Published 22 May, 2007 12:00am
Milk powder up on Jodia Bazar

Milk powder up on Jodia Bazar

The trading on milk powder side moved up on Jodia Bazar here on Monday. The following variations were noted.
Published 22 May, 2007 12:00am
Declining trend on grain market

Declining trend on grain market

Declining trend was again witnessed on the grain market on Monday as supply was enough to meet the buyers' demand, dealers said. On the cereals side makai after maintaining a stable trend for several weeks, shed Rs 25 to Rs 1275-1300.
Published 22 May, 2007 12:00am
HRW wheat steady

HRW wheat steady

US Plains hard red winter wheat basis bids were holding steady on Monday with the market mostly quiet as merchants watched early harvest activities and awaited full-blown combining through the region. Some southern Kansas elevators were speculating cuttin
Published 22 May, 2007 12:00am
Mozambique to import food

Mozambique to import food

Mozambique may need to import almost 600,000 tonnes of food after drought and floods cut agricultural output by up to 60 percent, leaving 800,000 people facing hunger, a food security official said on Monday.
Published 22 May, 2007 12:00am
CIF Gulf corn firm; soya and wheat steady

CIF Gulf corn firm; soya and wheat steady

US CIF basis values for corn barges were edging higher on Monday amid tight supplies and signs of renewed export interest as ocean freight rates retreat, traders said. Soyabeans and wheat basis values held steady in a market that has seen slow export dema
Published 22 May, 2007 12:00am
China steel boom to keep freight rates higher

China steel boom to keep freight rates higher

China's booming steel industry should help keep freight rates near record highs as mills turn increasingly to Brazil for iron ore because of a lack of suppliers nearer home, industry officials say.
Published 22 May, 2007 12:00am
Light coffee frost risk in Brazil Parana

Light coffee frost risk in Brazil Parana

A mass of polar air linked to a cold front will generate risk of weak and scattered outbreaks of frost, notably in the relatively small producing area of north Parana, early on Friday, private meteorologists Somar said on Monday.
Published 22 May, 2007 12:00am
Argentine soya harvest seen at 46.7 million tonnes

Argentine soya harvest seen at 46.7 million tonnes

Argentina will produce a record 46.7 million tonnes of 2006/07 soyabeans, the Buenos Aires Grain Exchange said, raising its forecast due to higher yields in northern farming areas. In its weekly crop progress report, updated to Friday, the exchange said f
Published 22 May, 2007 12:00am
US Midwest corn bids rise; soya and wheat steady

US Midwest corn bids rise; soya and wheat steady

Spot basis bids for corn rose at processors and elevators around the US Midwest on Monday as dealers tried to boost supplies following weeks of slow farmer selling. Cash bids for soyabeans and wheat were mostly steady around the region, grain dealers said
Published 22 May, 2007 12:00am
Rains patchy in Ivory Coast cocoa regions

Rains patchy in Ivory Coast cocoa regions

Rainfall was patchy in Ivory Coast's cocoa growing areas last week but weather conditions remained good for pod production in the world's top producer of the bean, farmers said on Monday.
Published 22 May, 2007 12:00am
Singapore bunker fuel prices ease

Singapore bunker fuel prices ease

Singapore bunker prices eased on Monday, while the differential to fuel oil cargo values inched up although stayed in deep discount for a fourth straight week.
Published 22 May, 2007 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 143,383 tonnes cargo including 65,977 tonnes import, 77,406 tonnes export cargo and 3,529 containers (TEUs) during last 48 hours ending at 0700 hours on Monday.
Published 22 May, 2007 12:00am
Shanghai coppers and zinc bounce

Shanghai coppers and zinc bounce

Shanghai coppers and zinc's prices bounced by 4 percent on Monday after a weeklong slide despite new measures by China to slow growth. Shanghai August copper was at 64,120 yuan ($8,364) a tonne, up 4.5 percent or 2,760 yuan from Friday's close, while July
Published 22 May, 2007 12:00am
Lack of big find keeps gold price up: Gold Fields

Lack of big find keeps gold price up: Gold Fields

A failure to find the next mother lode was helping prop up gold bullion prices, the head of South Africa's Gold Fields Ltd, the world's fourth-largest gold miner, said on Monday.
Published 22 May, 2007 12:00am
Cash gold extends gains

Cash gold extends gains

Gold extended gains on Monday on bargain hunting, while a weaker yen triggered a rebound in Tokyo futures. Spot gold rose to $662.50/663.20 an ounce from $660.90/662.40 late in New York on Friday, when it gained more than $3 after a fall to a two-month lo
Published 22 May, 2007 12:00am
Tokyo gold moves up one percent

Tokyo gold moves up one percent

Tokyo gold futures bounced back on Monday, rising nearly 1 percent at one point, as a higher close on New York's Comex and a softer yen prompted buying, while bargain hunting lifted dollar-based gold prices.
Published 22 May, 2007 12:00am
Malaysian tin flat

Malaysian tin flat

Malaysian tin ended unchanged on Monday due to a technical correction over London Metal Exchange prices, one dealer said.
Published 22 May, 2007 12:00am
Russia spring grains sowing down sharply

Russia spring grains sowing down sharply

Cool and rainy weather in the first half of May has slowed spring grain sowing in Russia. SovEcon has revised its forecast for Russia's spring grain area slightly downwards to a range of 30.65-31.15 million hectares, compared with 32.1 million hectares in
Published 22 May, 2007 12:00am
Oil retreats on profit-taking

Oil retreats on profit-taking

Oil fell on Monday on profit-taking following gains last week on concerns of a possible shortfall in US gasoline supplies, but tensions in Iran and Nigeria continue to support prices. US crude fell 22 cents to $64.72 on Monday, partially reversing last on
Published 22 May, 2007 12:00am
Indian wheat tender seen hit by supplies

Indian wheat tender seen hit by supplies

An Indian tender for the import of one million tonnes of wheat is unlikely to generate much market interest due to tight supplies, and purchases could be trimmed by high prices, trade sources told Reuters on Monday.
Published 22 May, 2007 12:00am
Indonesian crude palm oil up

Indonesian crude palm oil up

Indonesian crude palm oil rose on Monday supported by good demand from local refiners after a four-day national holiday last week amid choppy trading in Malaysian crude palm oil futures. In Jakarta, the state marketing centre sold 1,000 tonnes of crude pa
Published 22 May, 2007 12:00am
China grain price rises

China grain price rises

A reduced wheat harvest in China due to drought could increase inflationary pressure in the remainder of this year, the China Securities Journal said on Monday, citing government price analysts. A spike in wheat and corn prices last autumn fed into a rise
Published 22 May, 2007 12:00am
Indian soyaoil drifts lower

Indian soyaoil drifts lower

Indian soyaoil futures fell on Monday due to bearish global trade and an increase in supplies in domestic markets. Sugar was down despite an assurance by an industry body it would offer incentives to boost exports, June soyaoil futures on the National Com
Published 22 May, 2007 12:00am
Tocom rubber rises

Tocom rubber rises

Tokyo rubber futures ended almost 1 percent higher on Monday, supported by rising oil prices and tight supply, but failed to break above resistance at 300 yen as profit taking set in. The benchmark rubber contract on Tokyo Commodity Exchange for October d
Published 22 May, 2007 12:00am
Malaysian palm oil futures down

Malaysian palm oil futures down

Malaysian crude palm futures closed marginally lower on Monday as export data failed to impress the market and players booked profit. But losses were limited by rival soyabean oil, which gained on the Chicago Board of Trade, dealers said.
Published 22 May, 2007 12:00am
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