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Print - 2007-06-03
Barry brings rain to Florida

Barry brings rain to Florida

The remains of Tropical Storm Barry brought high winds and heavy rains to Florida on Saturday, but the downpour was welcomed in a parched state that has been battling stubborn wildfires. Much of Florida's west coast was feeling the brunt of Barry by Satur
Published 03 Jun, 2007 12:00am
Suspected North Koreans arrive in Japan

Suspected North Koreans arrive in Japan

Four people believed to have fled North Korea arrived at a port in northern Japan in a small boat on Saturday and later told police they want to go to South Korea, Kyodo news agency reported. The four, a couple in their 60s and their two sons in their 20s
Published 03 Jun, 2007 12:00am
Former Russian Prime Minister runs for president

Former Russian Prime Minister runs for president

Former Prime Minister Mikhail Kasyanov was nominated on Saturday by his opposition movement to run in next year's presidential election and promised to stop the Kremlin orchestrating the vote in its favour.
Published 03 Jun, 2007 12:00am
55 loyalists to Brotherhood held

55 loyalists to Brotherhood held

Egyptian police arrested 55 supporters of the Muslim Brotherhood on Saturday, security and Brotherhood officials said, as part of a crackdown against the opposition group ahead of parliamentary elections this month.
Published 03 Jun, 2007 12:00am
Budget outlay to be Rs two trillion: Salman

Budget outlay to be Rs two trillion: Salman

PM''s Advisor on finance Dr Salman Shah, delivering his key-note address at ''Budget 2007-08 - a Milestone in Continuation of Economic Reforms'' in a seminar held under the auspices of the Information and Broadcasting Ministry, said here on Saturday that
Published 03 Jun, 2007 12:00am
Budget outlay to be Rs two trillion: Salman

Budget outlay to be Rs two trillion: Salman

PM's Advisor on finance Dr Salman Shah, delivering his key-note address at 'Budget 2007-08 - a Milestone in Continuation of Economic Reforms' in a seminar held under the auspices of the Information and Broadcasting Ministry, said here on Saturday that bud
Published 03 Jun, 2007 12:00am
Budget outlay to be Rs two trillion: Salman

Budget outlay to be Rs two trillion: Salman

PM's Advisor on finance Dr Salman Shah, delivering his key-note address at 'Budget 2007-08 - a Milestone in Continuation of Economic Reforms' in a seminar held under the auspices of the Information and Broadcasting Ministry, said here on Saturday that bud
Published 03 Jun, 2007 12:00am
Balochistan budget on June 20

Balochistan budget on June 20

Balochistan Chief Minister Jam Muhammad Yusuf has said that provincial budget for the year 2007-8 will be presented on June 20 in which huge funds would be allocated for development projects. He was speaking with the media persons in his assembly chamber
Published 03 Jun, 2007 12:00am
Balochistan budget on June 20

Balochistan budget on June 20

Balochistan Chief Minister Jam Muhammad Yusuf has said that provincial budget for the year 2007-8 will be presented on June 20 in which huge funds would be allocated for development projects. He was speaking with the media persons in his assembly chamber
Published 03 Jun, 2007 12:00am
Food inflation gaining new heights

Food inflation gaining new heights

Food inflation has been gaining new heights just two weeks ahead of the announcement of next year''s budget, and prices of almost all kitchen items, including flour despite bumper wheat production of 23 million tons, have increased.
Published 03 Jun, 2007 12:00am
Food inflation gaining new heights

Food inflation gaining new heights

Food inflation has been gaining new heights just two weeks ahead of the announcement of next year's budget, and prices of almost all kitchen items, including flour despite bumper wheat production of 23 million tons, have increased.
Published 03 Jun, 2007 12:00am
Food inflation gaining new heights

Food inflation gaining new heights

Food inflation has been gaining new heights just two weeks ahead of the announcement of next year's budget, and prices of almost all kitchen items, including flour despite bumper wheat production of 23 million tons, have increased.
Published 03 Jun, 2007 12:00am
VAT Act promulgation in budget dropped

VAT Act promulgation in budget dropped

The Central Board of Revenue (CBR) has dropped the idea of promulgating Value Added Tax (VAT) Act, 2007 in coming budget keeping in view the legal complications following issuance of a totally new sales tax law in fiscal 2007-08.
Published 03 Jun, 2007 12:00am
VAT Act promulgation in budget dropped

VAT Act promulgation in budget dropped

The Central Board of Revenue (CBR) has dropped the idea of promulgating Value Added Tax (VAT) Act, 2007 in coming budget keeping in view the legal complications following issuance of a totally new sales tax law in fiscal 2007-08.
Published 03 Jun, 2007 12:00am
VAT Act promulgation in budget dropped

VAT Act promulgation in budget dropped

The Central Board of Revenue (CBR) has dropped the idea of promulgating Value Added Tax (VAT) Act, 2007 in coming budget keeping in view the legal complications following issuance of a totally new sales tax law in fiscal 2007-08.
Published 03 Jun, 2007 12:00am
New tax scheme for retailers finalised for 2007-08

New tax scheme for retailers finalised for 2007-08

In consultation with the retailers from all four provinces, the Central Board of Revenue (CBR) has decided to issue a new scheme for retailers and traders in the budget for 2007-08 to increase income tax and sales tax collection by bringing maximum retail
Published 03 Jun, 2007 12:00am
New tax scheme for retailers finalised for 2007-08

New tax scheme for retailers finalised for 2007-08

In consultation with the retailers from all four provinces, the Central Board of Revenue (CBR) has decided to issue a new scheme for retailers and traders in the budget for 2007-08 to increase income tax and sales tax collection by bringing maximum retail
Published 03 Jun, 2007 12:00am
New tax scheme for retailers finalised for 2007-08

New tax scheme for retailers finalised for 2007-08

In consultation with the retailers from all four provinces, the Central Board of Revenue (CBR) has decided to issue a new scheme for retailers and traders in the budget for 2007-08 to increase income tax and sales tax collection by bringing maximum retail
Published 03 Jun, 2007 12:00am
The Weather

The Weather

The weather report on Saturday (June 02, 2007) and the forecast for Sunday (June 03, 2007).
Published 03 Jun, 2007 12:00am
New tax scheme for retailers finalised for 2007-08

New tax scheme for retailers finalised for 2007-08

In consultation with the retailers from all four provinces, the Central Board of Revenue (CBR) has decided to issue a new scheme for retailers and traders in the budget for 2007-08 to increase income tax and sales tax collection by bringing maximum retail
Published 03 Jun, 2007 12:00am
Your rupee last month

Your rupee last month

Following currency fluctuations took place in foreign exchange rates during the last month. (May 02 to 31, 2007)

Published 03 Jun, 2007 12:00am
Wheat export financing withdrawn

Wheat export financing withdrawn

The State Bank of Pakistan (SBP) has withdrawn financing to wheat exports and asked commercial banks to refrain from financing wheat exports with immediate effect. The central bank through its Circular Letter No 13/EPP 1 (51) Wheat-PER-2007 of June 2, 200
Published 03 Jun, 2007 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (June 02, 2007).

Published 03 Jun, 2007 12:00am
Wheat export financing withdrawn

Wheat export financing withdrawn

The State Bank of Pakistan (SBP) has withdrawn financing to wheat exports and asked commercial banks to refrain from financing wheat exports with immediate effect. The central bank through its Circular Letter No 13/EPP 1 (51) Wheat-PER-2007 of June 2, 200
Published 03 Jun, 2007 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Saturday (June 02, 2007) and for Sunday (June 03, 2007).
Published 03 Jun, 2007 12:00am
Wheat export financing withdrawn

Wheat export financing withdrawn

The State Bank of Pakistan (SBP) has withdrawn financing to wheat exports and asked commercial banks to refrain from financing wheat exports with immediate effect. The central bank through its Circular Letter No 13/EPP 1 (51) Wheat-PER-2007 of June 2, 200
Published 03 Jun, 2007 12:00am
Fertiliser output down 0.3 percent in July-March: SBP

Fertiliser output down 0.3 percent in July-March: SBP

The fertiliser industry has registered a 0.3 percent shortfall in output during July-March in current fiscal year as against a growth of 4.8 percent in the same period last year, according to a latest report of the State Bank of Pakistan (SBP).
Published 03 Jun, 2007 12:00am
Fertiliser output down 0.3 percent in July-March: SBP

Fertiliser output down 0.3 percent in July-March: SBP

The fertiliser industry has registered a 0.3 percent shortfall in output during July-March in current fiscal year as against a growth of 4.8 percent in the same period last year, according to a latest report of the State Bank of Pakistan (SBP).
Published 03 Jun, 2007 12:00am
Fertiliser output down 0.3 percent in July-March: SBP

Fertiliser output down 0.3 percent in July-March: SBP

The fertiliser industry has registered a 0.3 percent shortfall in output during July-March in current fiscal year as against a growth of 4.8 percent in the same period last year, according to a latest report of the State Bank of Pakistan (SBP).
Published 03 Jun, 2007 12:00am
July-May cement exports peak at 2.7 million tons

July-May cement exports peak at 2.7 million tons

Cement exports reached all time high level of 2.7 million tons recording a jump of 105 percent during July-May period of the current fiscal year against 1.3 million tons during the same period of the last fiscal year due to increasing demand in Dubai and
Published 03 Jun, 2007 12:00am
July-May cement exports peak at 2.7 million tons

July-May cement exports peak at 2.7 million tons

Cement exports reached all time high level of 2.7 million tons recording a jump of 105 percent during July-May period of the current fiscal year against 1.3 million tons during the same period of the last fiscal year due to increasing demand in Dubai and
Published 03 Jun, 2007 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Saturday (June 02, 2007).

Published 03 Jun, 2007 12:00am
July-May cement exports peak at 2.7 million tons

July-May cement exports peak at 2.7 million tons

Cement exports reached all time high level of 2.7 million tons recording a jump of 105 percent during July-May period of the current fiscal year against 1.3 million tons during the same period of the last fiscal year due to increasing demand in Dubai and
Published 03 Jun, 2007 12:00am
Live coverage of CJP rallies banned

Live coverage of CJP rallies banned

Authorities on Saturday barred media from giving live coverage to protest rallies in support of the Chief Justice Iftikhar Chaudhry. The move came as the judge travelled in a slow-moving motor convoy with supporters from the Islamabad to Abbotabad to addr
Published 03 Jun, 2007 12:00am
Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Saturday (June 02, 2007).

Published 03 Jun, 2007 12:00am
General Ehsan meets Singapore's foreign minister

General Ehsan meets Singapore's foreign minister

Joint Chiefs of Staff Committee Chairman, General Ehsanul Haq met with Singapore Foreign Affairs Minister George Yeo on Saturday and exchanged views on strengthening diplomatic, economic and trade relations between the two countries.
Published 03 Jun, 2007 12:00am
Ties with Pakistan better now: Indian minister

Ties with Pakistan better now: Indian minister

Indian Defence Minister AK Antony said on Saturday that the composite dialogue had changed the climate of India's ties with Pakistan for the better. He was speaking at the Second Plenary Session on 'China and India: Building International Stability' of th
Published 03 Jun, 2007 12:00am
Grain market rates

Grain market rates

Karachi grain market rates in rupees on Saturday (June 02, 2007).

Published 03 Jun, 2007 12:00am
Peaceful Afghanistan in interest of region: Musharraf

Peaceful Afghanistan in interest of region: Musharraf

President General Pervez Musharraf on Saturday said that strong, peaceful and stable Afghanistan "is in the interest of both countries" and the entire region. He was speaking to the members of Pak-Afghanistan Jirga Commission, who met him at Aiwan-e-Sadr.
Published 03 Jun, 2007 12:00am
Peaceful Afghanistan in interest of region: Musharraf

Peaceful Afghanistan in interest of region: Musharraf

President General Pervez Musharraf on Saturday said that strong, peaceful and stable Afghanistan "is in the interest of both countries" and the entire region. He was speaking to the members of Pak-Afghanistan Jirga Commission, who met him at Aiwan-e-Sadr.
Published 03 Jun, 2007 12:00am
Rates of dry fruit

Rates of dry fruit

Rates of dry fruit in rupees prevailing on the commodity markets in Karachi on Saturday (June 02, 2007).

Published 03 Jun, 2007 12:00am
Several arrested in JFK airport plot

Several arrested in JFK airport plot

Several people have been arrested in connection with a plot against ground operations at New York's John F. Kennedy International Airport, CNN said on Saturday. The FBI said there was no threat to the public from the plot.
Published 03 Jun, 2007 12:00am
Several arrested in JFK airport plot

Several arrested in JFK airport plot

Several people have been arrested in connection with a plot against ground operations at New York's John F. Kennedy International Airport, CNN said on Saturday. The FBI said there was no threat to the public from the plot.
Published 03 Jun, 2007 12:00am
Jute goods rates

Jute goods rates

Jute goods rates in rupees prevailing on the commodity markets in Karachi on Saturday (June 02, 2007).

Published 03 Jun, 2007 12:00am
Taliban among 60 dead as boat capsizes in Helmand River

Taliban among 60 dead as boat capsizes in Helmand River

An estimated 60 people, including Taliban militants, died when their boat sank while crossing a river in Afghanistan's most dangerous province Saturday, the Defence Ministry said. The Afghan army was investigating to see how many Taliban insurgents and ho
Published 03 Jun, 2007 12:00am
Raw rubber rates

Raw rubber rates

Raw Rubber rates in rupees prevailing on the commodity markets in Karachi on Saturday (June 02, 2007).

Published 03 Jun, 2007 12:00am
Taliban among 60 dead as boat capsizes in Helmand River

Taliban among 60 dead as boat capsizes in Helmand River

An estimated 60 people, including Taliban militants, died when their boat sank while crossing a river in Afghanistan's most dangerous province Saturday, the Defence Ministry said. The Afghan army was investigating to see how many Taliban insurgents and ho
Published 03 Jun, 2007 12:00am
Milk powder rates

Milk powder rates

Milk Powder rates in rupees prevailing on the commodity markets in Karachi on Saturday (June 02, 2007).

Published 03 Jun, 2007 12:00am
Sindh budget on June 15

Sindh budget on June 15

Sindh Chief Minister Dr Arbab Ghulam Rahim has fixed June 15, 2007 for presentation of annual budget 2007-08 and supplementary grant 2006-07 of the province in Sindh Assembly, a handout said on Saturday.
Published 03 Jun, 2007 12:00am
Karachi tea rates

Karachi tea rates

Tea rates in rupees prevailing on the commodity markets in Karachi on Saturday (June 02, 2007).

Published 03 Jun, 2007 12:00am
Sindh budget on June 15

Sindh budget on June 15

Sindh Chief Minister Dr Arbab Ghulam Rahim has fixed June 15, 2007 for presentation of annual budget 2007-08 and supplementary grant 2006-07 of the province in Sindh Assembly, a handout said on Saturday.
Published 03 Jun, 2007 12:00am
Sindh budget on June 15

Sindh budget on June 15

Sindh Chief Minister Dr Arbab Ghulam Rahim has fixed June 15, 2007 for presentation of annual budget 2007-08 and supplementary grant 2006-07 of the province in Sindh Assembly, a handout said on Saturday.
Published 03 Jun, 2007 12:00am
Sindh budget on June 15

Sindh budget on June 15

Sindh Chief Minister Dr Arbab Ghulam Rahim has fixed June 15, 2007 for presentation of annual budget 2007-08 and supplementary grant 2006-07 of the province in Sindh Assembly, a handout said on Saturday.
Published 03 Jun, 2007 12:00am
THE RUPEE: dollar moves bothways

THE RUPEE: dollar moves bothways

Bearish sentiment was seen in the iner-bank market on Saturday as the rupee shed two paisa against the dollar for buying and selling at Rs 60.74 and Rs 60.75, dealers said.
Published 03 Jun, 2007 12:00am
Five killed in Bajaur car explosion

Five killed in Bajaur car explosion

A roadside bomb killed five people including a government official on Saturday near the Afghan border, officials said. A journalist and a policeman were also among the five killed in the explosion which ripped through a vehicle in Bajaur tribal district,
Published 03 Jun, 2007 12:00am
THE RUPEE: dollar moves bothways

THE RUPEE: dollar moves bothways

Bearish sentiment was seen in the iner-bank market on Saturday as the rupee shed two paisa against the dollar for buying and selling at Rs 60.74 and Rs 60.75, dealers said.
Published 03 Jun, 2007 12:00am
Five killed in Bajaur car explosion

Five killed in Bajaur car explosion

A roadside bomb killed five people including a government official on Saturday near the Afghan border, officials said. A journalist and a policeman were also among the five killed in the explosion which ripped through a vehicle in Bajaur tribal district,
Published 03 Jun, 2007 12:00am
Automart: car prices in Karachi

Automart: car prices in Karachi

The prices of different makes and models of cars prevailing in Karachi in the week ended on Saturday (June 02, 2007).

Published 03 Jun, 2007 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning from Monday (June 04, 2007).

Published 03 Jun, 2007 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning from Monday (June 04, 2007).

Published 03 Jun, 2007 12:00am
EFU funds rates

EFU funds rates

EFU Life Assurance Ltd announced that the Offer and Bid prices for the following funds effective from Monday June 04, 2007

Published 03 Jun, 2007 12:00am
EFU funds rates

EFU funds rates

EFU Life Assurance Ltd announced that the Offer and Bid prices for the following funds effective from Monday June 04, 2007

Published 03 Jun, 2007 12:00am
EFU funds rates

EFU funds rates

EFU Life Assurance Ltd announced that the Offer and Bid prices for the following funds effective from Monday June 04, 2007

Published 03 Jun, 2007 12:00am
Rates of Pipe Fittings

Rates of Pipe Fittings

Pipe fitting rates in rupees prevailing in the markets in Karachi on Saturday (June 02, 2007).

Published 03 Jun, 2007 12:00am
Iron, steel and other metal rates

Iron, steel and other metal rates

Iron, steel and other metal rates in rupees prevailing on the commodity markets in Karachi on Saturday (June 02, 2007).

Published 03 Jun, 2007 12:00am
World currencies and dollar

World currencies and dollar

Value of the dollar in terms of other world currencies as prevailing in the week ended on Saturday (June 02, 2007).

Published 03 Jun, 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 Saturday (June 02, 2007).

Published 03 Jun, 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 Saturday (June 02, 2007).

Published 03 Jun, 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 Saturday (June 02, 2007).

Published 03 Jun, 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 Saturday (June 02, 2007).

Published 03 Jun, 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 03 Jun, 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 03 Jun, 2007 12:00am
Egypt seeks to buy wheat

Egypt seeks to buy wheat

The Egyptian state's main wheat buying agency said on Friday it wanted to buy 55,000 to 60,000 tonnes of US, French, Australian, German, Argentine and/or Kazakhstan wheat for shipment July 1-10.
Published 03 Jun, 2007 12:00am
FOB Gulf corn bids fall; soya and wheat steady

FOB Gulf corn bids fall; soya and wheat steady

US FOB Gulf corn export premiums for nearby shipment weakened on Friday as bids fell in the CIF barge market that supplies export elevators. Soybean and wheat basis offers held steady, although export demand was limited for both commodities due to cheaper
Published 03 Jun, 2007 12:00am
Oil cake market rates

Oil cake market rates

Mixed trend was seen on the forward cottonseed oilcake market at the weekend in process of trading, dealers said. The July vaida was unchanged at Rs 650.00 and proved to be day's best at the same level. In process of trading it didn't show any change for
Published 03 Jun, 2007 12:00am
Cotton spot rate down by Rs 25 on hopes of good crop

Cotton spot rate down by Rs 25 on hopes of good crop

Modest trading was seen on the cotton market on Saturday as some mills made fresh purchasing as prices were matching with their psychological levels, dealers said. The Karachi Cotton Association (KCA) official spot rate was down by Rs 25 to Rs 2625, witho
Published 03 Jun, 2007 12:00am
Dry fruit mixed on Jodia Bazar

Dry fruit mixed on Jodia Bazar

The trading on dry fruits moved both ways on Jodia Bazar here on Saturday. The following changes were noted.
Published 03 Jun, 2007 12:00am
Mixed trend on grain market

Mixed trend on grain market

Mixed trend was seen on the grain market on Saturday as many buyers were on the sidelines in process of trading, dealers said. On the cereals side, juwar better type gained Rs 75 to Rs 1175 the low type, however, shed Rs 5 to Rs 1185. Wheat old Bardan gai
Published 03 Jun, 2007 12:00am
CBOT wheat settles higher

CBOT wheat settles higher

Wheat futures on the Chicago Board of Trade closed higher on Friday, reaching one-month highs as worries about yield potential in the Black Sea region and the US Plains prompted speculative buying, traders said. Hot and dry weather remained a concern in U
Published 03 Jun, 2007 12:00am
Sunken barge closes upper Mississippi River

Sunken barge closes upper Mississippi River

A sunken barge in St. Louis has closed a stretch of the upper Mississippi River to grain and oil barges, the US Coast Guard said on Thursday. In a separate accident on Thursday, a barge carrying coal was sinking near Cairo, Illinois, but the vessel was no
Published 03 Jun, 2007 12:00am
US grain freight rates fall for second week as demand cools

US grain freight rates fall for second week as demand cools

Freight rates for hauling grains from the United States to Asia fell for a second week due to less demand for shipping coal and grains, freight brokers said on Friday. "The demand side of things has slowed down," said one broker.
Published 03 Jun, 2007 12:00am
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