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Print - 2007-06-17
Shenzhen Bank to issue bonds to boost capital

Shenzhen Bank to issue bonds to boost capital

Shenzhen Development Bank, a mid-sized Chinese lender, said on Saturday that it plans to issue subordinated and hybrid bonds to raise up to 16 billion yuan ($2.10 billion) to boost its capital.
Published 17 Jun, 2007 12:00am
Shenzhen Bank to issue bonds to boost capital

Shenzhen Bank to issue bonds to boost capital

Shenzhen Development Bank, a mid-sized Chinese lender, said on Saturday that it plans to issue subordinated and hybrid bonds to raise up to 16 billion yuan ($2.10 billion) to boost its capital.
Published 17 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 16, 2007).

Published 17 Jun, 2007 12:00am
Merkel seeks to overcome Poland EU treaty threat

Merkel seeks to overcome Poland EU treaty threat

German Chancellor Angela Merkel met Poland's president on Saturday in a last-ditch effort to convince Warsaw to drop its threat to veto talks on a new European Union treaty.
Published 17 Jun, 2007 12:00am
SEC seen as unlikely to delay Blackstone IPO

SEC seen as unlikely to delay Blackstone IPO

US market regulators are unlikely to delay Blackstone Group LP's public offering even though top lawmakers want private equity firms that go public to pay more taxes, former SEC officials said on Friday.
Published 17 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 16, 2007).

Published 17 Jun, 2007 12:00am
Grain market rates

Grain market rates

Karachi grain market rates in rupees on Saturday (June 16, 2007).

Published 17 Jun, 2007 12:00am
Karachi RTO collects over Rs 64 billion during July-May

Karachi RTO collects over Rs 64 billion during July-May

The Regional Tax Office (RTO), Karachi, has collected Rs 64.413 billion during July-May (2006-07), against Rs 53.320 billion in the same period of last fiscal year, depicting an increase of 20 percent. The revenue collection was about 87 percent of revise
Published 17 Jun, 2007 12:00am
Karachi RTO collects over Rs 64 billion during July-May

Karachi RTO collects over Rs 64 billion during July-May

The Regional Tax Office (RTO), Karachi, has collected Rs 64.413 billion during July-May (2006-07), against Rs 53.320 billion in the same period of last fiscal year, depicting an increase of 20 percent. The revenue collection was about 87 percent of revise
Published 17 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 16, 2007).

Published 17 Jun, 2007 12:00am
Karachi RTO collects over Rs 64 billion during July-May

Karachi RTO collects over Rs 64 billion during July-May

The Regional Tax Office (RTO), Karachi, has collected Rs 64.413 billion during July-May (2006-07), against Rs 53.320 billion in the same period of last fiscal year, depicting an increase of 20 percent. The revenue collection was about 87 percent of revise
Published 17 Jun, 2007 12:00am
There''''s no legal flaw in Sindh budget: Sardar

There''''s no legal flaw in Sindh budget: Sardar

Senior Sindh Minister Syed Sardar Ahmed has rejected the claims of opposition saying that the provincial budget was quite valid and constitutional. Addressing a post-budget press conference, he said there was no provision in the constitution that the prov
Published 17 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 16, 2007).

Published 17 Jun, 2007 12:00am
There''s no legal flaw in Sindh budget: Sardar

There''s no legal flaw in Sindh budget: Sardar

Senior Sindh Minister Syed Sardar Ahmed has rejected the claims of opposition saying that the provincial budget was quite valid and constitutional. Addressing a post-budget press conference, he said there was no provision in the constitution that the prov
Published 17 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 16, 2007).

Published 17 Jun, 2007 12:00am
There's no legal flaw in Sindh budget: Sardar

There's no legal flaw in Sindh budget: Sardar

Senior Sindh Minister Syed Sardar Ahmed has rejected the claims of opposition saying that the provincial budget was quite valid and constitutional. Addressing a post-budget press conference, he said there was no provision in the constitution that the prov
Published 17 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 16, 2007).

Published 17 Jun, 2007 12:00am
There's no legal flaw in Sindh budget: Sardar

There's no legal flaw in Sindh budget: Sardar

Senior Sindh Minister Syed Sardar Ahmed has rejected the claims of opposition saying that the provincial budget was quite valid and constitutional. Addressing a post-budget press conference, he said there was no provision in the constitution that the prov
Published 17 Jun, 2007 12:00am
Karachi tea rates

Karachi tea rates

Tea rates in rupees prevailing on the commodity markets in Karachi on Saturday (June 16, 2007).

Published 17 Jun, 2007 12:00am
NWFP budget approved

NWFP budget approved

The NWFP cabinet on Saturday approved fiscal budget for the year 2007-08. The cabinet meeting presided over by the NWFP Chief Minister Mohammad Akram Khan Durrani approved Rs 114.5076 billion budget in its meeting held here.
Published 17 Jun, 2007 12:00am
NWFP budget approved

NWFP budget approved

The NWFP cabinet on Saturday approved fiscal budget for the year 2007-08. The cabinet meeting presided over by the NWFP Chief Minister Mohammad Akram Khan Durrani approved Rs 114.5076 billion budget in its meeting held here.
Published 17 Jun, 2007 12:00am
Eni announces new gas discoveries

Eni announces new gas discoveries

Italy energy giant Eni has announced new natural gas discoveries in Pakistan. Eni, through its subsidiaries in Pakistan, is largest foreign gas producer in the country, with a net share of approximately 55,000 barrels of oil equivalent per day. Eni has be
Published 17 Jun, 2007 12:00am
THE RUPEE: dollar moves bothways, euro up

THE RUPEE: dollar moves bothways, euro up

Divergent trend was seen in the currency market at the weekend in process of trading, dealers said. In the interbank market, the rupee picked up one paisa against dollar for buying at Rs 60.59 while it was unmoved for selling at 60.61, they said.
Published 17 Jun, 2007 12:00am
Eni announces new gas discoveries

Eni announces new gas discoveries

Italy energy giant Eni has announced new natural gas discoveries in Pakistan. Eni, through its subsidiaries in Pakistan, is largest foreign gas producer in the country, with a net share of approximately 55,000 barrels of oil equivalent per day. Eni has be
Published 17 Jun, 2007 12:00am
THE RUPEE: dollar moves bothways, euro up

THE RUPEE: dollar moves bothways, euro up

Divergent trend was seen in the currency market at the weekend in process of trading, dealers said. In the interbank market, the rupee picked up one paisa against dollar for buying at Rs 60.59 while it was unmoved for selling at 60.61, they said.
Published 17 Jun, 2007 12:00am
Eni announces new gas discoveries

Eni announces new gas discoveries

Italy energy giant Eni has announced new natural gas discoveries in Pakistan. Eni, through its subsidiaries in Pakistan, is largest foreign gas producer in the country, with a net share of approximately 55,000 barrels of oil equivalent per day. Eni has be
Published 17 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 16, 2007).

Published 17 Jun, 2007 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning from Monday (June 18, 2007).

Published 17 Jun, 2007 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning from Monday (June 18, 2007).

Published 17 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 18, 2007

Published 17 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 18, 2007

Published 17 Jun, 2007 12:00am
Ghee prices up by Rs five per kg

Ghee prices up by Rs five per kg

Manufacturers on Saturday raised ghee prices by Rs 5 per kg, to Rs 80 per kg, in the wake of export tax increased by Indonesia on palm oil, traders said. They said that currently Indonesia is facing shortage in production.
Published 17 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 18, 2007

Published 17 Jun, 2007 12:00am
Ghee prices up by Rs five per kg

Ghee prices up by Rs five per kg

Manufacturers on Saturday raised ghee prices by Rs 5 per kg, to Rs 80 per kg, in the wake of export tax increased by Indonesia on palm oil, traders said. They said that currently Indonesia is facing shortage in production.
Published 17 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 16, 2007).

Published 17 Jun, 2007 12:00am
Ghee prices up by Rs five per kg

Ghee prices up by Rs five per kg

Manufacturers on Saturday raised ghee prices by Rs 5 per kg, to Rs 80 per kg, in the wake of export tax increased by Indonesia on palm oil, traders said. They said that currently Indonesia is facing shortage in production.
Published 17 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 16, 2007).

Published 17 Jun, 2007 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Saturday (June 16, 2007).

Published 17 Jun, 2007 12:00am
Zimbabwe charges five for plotting against Mugabe

Zimbabwe charges five for plotting against Mugabe

Five men, including a former member of the Zimbabwe National Army, have been arrested and charged with treason for plotting to topple President Robert Mugabe, court papers obtained by Reuters showed on Saturday. The five - who all deny the charges - appea
Published 17 Jun, 2007 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Saturday (June 16, 2007).

Published 17 Jun, 2007 12:00am
Import of over three-year-old vehicles banned

Import of over three-year-old vehicles banned

The federal government has slapped ban on import of more than three-year- old vehicles under gift, personal baggage and transfer of residence scheme. Ministry of Commerce on Saturday issued an SRO (I) 2007 to be implemented from next fiscal after formal a
Published 17 Jun, 2007 12:00am
Import of over three-year-old vehicles banned

Import of over three-year-old vehicles banned

The federal government has slapped ban on import of more than three-year- old vehicles under gift, personal baggage and transfer of residence scheme. Ministry of Commerce on Saturday issued an SRO (I) 2007 to be implemented from next fiscal after formal a
Published 17 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 16, 2007).

Published 17 Jun, 2007 12:00am
Import of over three-year-old vehicles banned

Import of over three-year-old vehicles banned

The federal government has slapped ban on import of more than three-year- old vehicles under gift, personal baggage and transfer of residence scheme. Ministry of Commerce on Saturday issued an SRO (I) 2007 to be implemented from next fiscal after formal a
Published 17 Jun, 2007 12:00am
Import of over three-year-old vehicles banned

Import of over three-year-old vehicles banned

The federal government has slapped ban on import of more than three-year- old vehicles under gift, personal baggage and transfer of residence scheme. Ministry of Commerce on Saturday issued an SRO (I) 2007 to be implemented from next fiscal after formal a
Published 17 Jun, 2007 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Saturday (June 16, 2007).

Published 17 Jun, 2007 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Saturday (June 16, 2007).
Published 17 Jun, 2007 12:00am
SME Bank sell-off: BMA Capital made adviser to PC

SME Bank sell-off: BMA Capital made adviser to PC

Pakistan''s Premier Investment Group, BMA Capital, has been appointed financial advisor to the Privatisation Commission (PC) for the strategic sale of shares of the SME Bank Limited.
Published 17 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 16, 2007).

Published 17 Jun, 2007 12:00am
SME Bank sell-off: BMA Capital made adviser to PC

SME Bank sell-off: BMA Capital made adviser to PC

Pakistan's Premier Investment Group, BMA Capital, has been appointed financial advisor to the Privatisation Commission (PC) for the strategic sale of shares of the SME Bank Limited.
Published 17 Jun, 2007 12:00am
SME Bank sell-off: BMA Capital made adviser to PC

SME Bank sell-off: BMA Capital made adviser to PC

Pakistan's Premier Investment Group, BMA Capital, has been appointed financial advisor to the Privatisation Commission (PC) for the strategic sale of shares of the SME Bank Limited.
Published 17 Jun, 2007 12:00am
Thousands greet CJP on way to Faisalabad

Thousands greet CJP on way to Faisalabad

Nearly 60,000 people showered rose petals over a procession led by Chief Justice of Pakistan Iftikhar Muhammad Chaudhry on Saturday. Flag-waving crowds flocked to welcome Chief Justice Iftikhar Muhammad Chaudhry in several towns as his motorcade made the
Published 17 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 16, 2007).

Published 17 Jun, 2007 12:00am
Thousands greet CJP on way to Faisalabad

Thousands greet CJP on way to Faisalabad

Nearly 60,000 people showered rose petals over a procession led by Chief Justice of Pakistan Iftikhar Muhammad Chaudhry on Saturday. Flag-waving crowds flocked to welcome Chief Justice Iftikhar Muhammad Chaudhry in several towns as his motorcade made the
Published 17 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 16, 2007).

Published 17 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 16, 2007).

Published 17 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 17 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 17 Jun, 2007 12:00am
CBOT wheat futures close narrowly mixed

CBOT wheat futures close narrowly mixed

Soft red winter wheat futures at the Chicago Board of Trade closed narrowly mixed on Friday as the market took a breather after a strong rally this week lifted prices to 11-year highs, traders said.
Published 17 Jun, 2007 12:00am
Oil cake market rates

Oil cake market rates

The futures were unchanged on the forward cottonseed oilcake market on Saturday in process of trading, dealers said. The July vaida was unchanged at Rs 650.00 and market settled at the same rate without showing any change for the day, dealer said.
Published 17 Jun, 2007 12:00am
Cotton market closes sans any deal

Cotton market closes sans any deal

No change was seen in the obtaining outlook on cotton market on Saturday as the ginners were not looking to oblige their counterparts following the continued gains in the NY cotton future, dealers said. The Karachi Cotton Association (KCA) official spot r
Published 17 Jun, 2007 12:00am
Gram prices sharply up on grain market

Gram prices sharply up on grain market

Grams prices were sharply up on the grain market on Saturday as probably the sellers were hoarding the commodity to gain more profit in the month of Ramazan, which is far off, dealers said. On the grams side, gram Australia gained Rs 150 2850-3000, gram g
Published 17 Jun, 2007 12:00am
China needs more oil tankers for self-reliance

China needs more oil tankers for self-reliance

China should increase its oil shipping capacity to ensure steady oil flows to the world's second-largest user amid concern of potential supply disruptions, state media reported on Thursday.
Published 17 Jun, 2007 12:00am
Singapore May bunker sales down

Singapore May bunker sales down

Marine fuel sales in Singapore, the world's top bunker port, for May fell 4.6 percent to 2.50 million tonnes versus April levels, as high prices dampened demand, government data showed on Wednesday.
Published 17 Jun, 2007 12:00am
Shanghai Port to buy Belgian container terminal

Shanghai Port to buy Belgian container terminal

Shanghai International Port (Group), China's biggest port operator, expects to finalise this year its purchase of a major stake in a Belgium container terminal, sources close to the deal said on Friday.
Published 17 Jun, 2007 12:00am
Hong Kong sea container traffic falls in May

Hong Kong sea container traffic falls in May

Hong Kong's sea container traffic fell for a third consecutive month in May amid growing competition from the nearby ports in Southern China. Hong Kong moved 2.08 million 20-foot-equivalent units (TEU) of goods in May, down 3.5 percent from a year earlier
Published 17 Jun, 2007 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 71,197 tonnes cargo including 31,521 tonnes import, 39,676 tonnes export cargo and 2,238 containers (TEUs) during last 24 hours ending at 0700 hours on Saturday.
Published 17 Jun, 2007 12:00am
Tocom rubber falls

Tocom rubber falls

Tokyo rubber futures fell more than 1 percent on Friday, reversing early gains and ending a three-day rising run with poor technical sentiment and increasing physical supply outweighing support from high oil prices.
Published 17 Jun, 2007 12:00am
Indonesia may hike export tax on palm oil

Indonesia may hike export tax on palm oil

The Indonesian government will probably increase its export tax and could enforce discount selling if palm oil prices remain high, the chairman of palm oil producer REA Holdings told Reuters.
Published 17 Jun, 2007 12:00am
Australian grain farmers expect good crop

Australian grain farmers expect good crop

Back from the brink of ruin after years of drought, grain farmers are enjoying a great start to the season with a rare combination of steeply rising prices and a projected bumper crop.
Published 17 Jun, 2007 12:00am
Shanghai copper

Shanghai copper

Shanghai copper gave up early gains to close 0.5 percent lower on Friday as investors closed out positions, anticipating a rise in Shanghai copper stocks. The most-active August copper contract on the Shanghai Futures Exchange fell to 63,130 yuan a tonne
Published 17 Jun, 2007 12:00am
Falling trend on Australian wool market

Falling trend on Australian wool market

The Australian wool market finished 1.8 percent lower, on average, at sales in Sydney, Melbourne and Fremantle this week. The AWEX EMI fell by 13c (-1.3 percent), ending the week at 985c/kg clean.
Published 17 Jun, 2007 12:00am
New York sugar futures firm

New York sugar futures firm

Raw sugar futures relied on speculative and trade buying to finish higher on Friday as the pace of switch business slowed down since most positions have been moved out of the spot contract this week, brokers said.
Published 17 Jun, 2007 12:00am