News Archives for Print - 2007-06-29

US treasuries bid prices

US treasuries bid prices on Thursday (June 28, 2007).

Published 29 Jun, 2007 12:00am

Sales tax on imported steel products reduced

The Central Board of Revenue (CBR) has reduced sales tax from 20 to 15 percent on the import of ingots, billets, iron and steel scrap and other items of steel/paper industries. Sales Tax has also been reduced from 20 to 17.5 percent on flat rolled iron an

Published 29 Jun, 2007 12:00am

US treasuries bid prices

US treasuries bid prices on Thursday (June 28, 2007).

Published 29 Jun, 2007 12:00am

Sales tax on imported steel products reduced

The Central Board of Revenue (CBR) has reduced sales tax from 20 to 15 percent on the import of ingots, billets, iron and steel scrap and other items of steel/paper industries. Sales Tax has also been reduced from 20 to 17.5 percent on flat rolled iron an

Published 29 Jun, 2007 12:00am

Open market rates of foreign currencies

Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Thursday (June 28, 2007).

Published 29 Jun, 2007 12:00am

Duty on import of 204 items raised

The Central Board of Revenue has enhanced customs duty on the import of nearly 204 items. According to the CBR, a 14 percent to 15 percent duty has been raised on the import of 143 items while there is an upward revision in duty from 7 percent to 9 percen

Published 29 Jun, 2007 12:00am

London Interbank Offered Rates

London Interbank Offered Rates (LIBOR) on Thursday (June 28, 2007).

Published 29 Jun, 2007 12:00am

Duty on import of 204 items raised

The Central Board of Revenue has enhanced customs duty on the import of nearly 204 items. According to the CBR, a 14 percent to 15 percent duty has been raised on the import of 143 items while there is an upward revision in duty from 7 percent to 9 percen

Published 29 Jun, 2007 12:00am

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Thursday (June 28, 2007).

Published 29 Jun, 2007 12:00am

Duty on import of 204 items raised

The Central Board of Revenue has enhanced customs duty on the import of nearly 204 items. According to the CBR, a 14 percent to 15 percent duty has been raised on the import of 143 items while there is an upward revision in duty from 7 percent to 9 percen

Published 29 Jun, 2007 12:00am

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Thursday (June 28, 2007).

Published 29 Jun, 2007 12:00am

NIB Bank takes over PICIC

NIB Bank has formally taken over the Pakistan Industrial Credit and Investment Corporation (PICIC) by paying around 342 million dollars. Following the take-over, PICIC''s new board of directors has been constituted on Thursday by appointing 10 new directo

Published 29 Jun, 2007 12:00am

Banks' rates for currency notes (buying and selling)

The selling/buying rates for currency notes of major currencies issued by National Bank (NBP) here on Thursday (June 28, 2007).

Published 29 Jun, 2007 12:00am

NIB Bank takes over PICIC

NIB Bank has formally taken over the Pakistan Industrial Credit and Investment Corporation (PICIC) by paying around 342 million dollars. Following the take-over, PICIC's new board of directors has been constituted on Thursday by appointing 10 new director

Published 29 Jun, 2007 12:00am

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 Thursday (June 28, 2007).

Published 29 Jun, 2007 12:00am

NIB Bank takes over PICIC

NIB Bank has formally taken over the Pakistan Industrial Credit and Investment Corporation (PICIC) by paying around 342 million dollars. Following the take-over, PICIC's new board of directors has been constituted on Thursday by appointing 10 new director

Published 29 Jun, 2007 12:00am

Interest rates on new foreign currency deposits

Interest rates on new foreign currency deposits issued by the Treasury Management Division of National Bank of Pakistan on Thursday (June 28, 2007).

Published 29 Jun, 2007 12:00am

Pakistan Steel importing coal due to faulty oven batteries

Due to fault in coke oven batteries for the last couple of years, Pakistan Steel (PS), instead of importing expensive metallurgical coke, has been importing reduced quantity of coal to continue with the production of steel.

Published 29 Jun, 2007 12:00am

Interest rates on old and incremental FCY deposits

Interest rates on old and incremental FCY deposits on Thursday (June 28, 2007).

Published 29 Jun, 2007 12:00am

Pakistan Steel importing coal due to faulty oven batteries

Due to fault in coke oven batteries for the last couple of years, Pakistan Steel (PS), instead of importing expensive metallurgical coke, has been importing reduced quantity of coal to continue with the production of steel.

Published 29 Jun, 2007 12:00am

LIBOR calculating interest on US dollar

London Interbank Offer Rates on for calculating interest on special US dollar on Thursday (June 28, 2007).

Published 29 Jun, 2007 12:00am

Pakistan Steel importing coal due to faulty oven batteries

Due to fault in coke oven batteries for the last couple of years, Pakistan Steel (PS), instead of importing expensive metallurgical coke, has been importing reduced quantity of coal to continue with the production of steel.

Published 29 Jun, 2007 12:00am

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Thursday (June 28, 2007).

Published 29 Jun, 2007 12:00am

BRIndex30 gains 65.64 points

On Thursday, BRIndex30 opened in the positive zone at 15,368.96 with an upward gap of 46.14 points and remained there for nearly whole of the trading time. It closed at 15,388.46 with a net positive change of 65.64 points or 0.43 percent.

Published 29 Jun, 2007 12:00am

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Thursday (June 28, 2007).

Published 29 Jun, 2007 12:00am

BRIndex30 gains 65.64 points

On Thursday, BRIndex30 opened in the positive zone at 15,368.96 with an upward gap of 46.14 points and remained there for nearly whole of the trading time. It closed at 15,388.46 with a net positive change of 65.64 points or 0.43 percent.

Published 29 Jun, 2007 12:00am

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Thursday (June 28, 2007).

Published 29 Jun, 2007 12:00am

KSE index breaches 13,700 level

The Karachi share market witnessed another bullish session on Thursday as the benchmark KSE-100 index breached through 13,700 historic level on the back of fresh buying mainly in banking and textile sectors.

Published 29 Jun, 2007 12:00am

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 29 Jun, 2007 12:00am

KSE index breaches 13,700 level

The Karachi share market witnessed another bullish session on Thursday as the benchmark KSE-100 index breached through 13,700 historic level on the back of fresh buying mainly in banking and textile sectors.

Published 29 Jun, 2007 12:00am

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 29 Jun, 2007 12:00am

KSE index breaches 13,700 level

The Karachi share market witnessed another bullish session on Thursday as the benchmark KSE-100 index breached through 13,700 historic level on the back of fresh buying mainly in banking and textile sectors.

Published 29 Jun, 2007 12:00am

Karachi interbank rates

Karachi interbank rates on Thursday (June 28, 2007).

Published 29 Jun, 2007 12:00am

PSO sell-off: Supreme Court issues notices to seven bidders

The Supreme Court has issued notices to seven qualified bidders for the purchase of 51 percent shares of Pakistan State Oil Limited. A two-member bench of the Supreme Court comprising Justice Javed Iqbal and Justice Falak Sher issued these notices after h

Published 29 Jun, 2007 12:00am

New York cotton

Thursday's closing prices of New York cotton in US cents/lb.

Published 29 Jun, 2007 12:00am

PSO sell-off: Supreme Court issues notices to seven bidders

The Supreme Court has issued notices to seven qualified bidders for the purchase of 51 percent shares of Pakistan State Oil Limited. A two-member bench of the Supreme Court comprising Justice Javed Iqbal and Justice Falak Sher issued these notices after h

Published 29 Jun, 2007 12:00am

New York cotton

Thursday's closing prices of New York cotton in US cents/lb.

Published 29 Jun, 2007 12:00am

PSO sell-off: Supreme Court issues notices to seven bidders

The Supreme Court has issued notices to seven qualified bidders for the purchase of 51 percent shares of Pakistan State Oil Limited. A two-member bench of the Supreme Court comprising Justice Javed Iqbal and Justice Falak Sher issued these notices after h

Published 29 Jun, 2007 12:00am

Aaj TV - Friday's schedule

All timings are in PST (Pakistan Standard Time).

Published 29 Jun, 2007 12:00am

Full Supreme Court or new SJC can hear reference: government counsel makes offer

In a major development in the hearing of reference against Chief Justice of Pakistan, the government on Thursday offered that each of two forums- the Full Supreme Court or a reconstituted five-member Supreme Judicial-can hear the reference against Chief J

Published 29 Jun, 2007 12:00am

Indo-Pak symposium on local government from July 2

Punjab Chief Minister Chaudhry Pervaiz Elahi will be the chief guest at the inaugural ceremony of a two-day Indo-Pakistan Symposium on Local Government here on Monday (July 2). Punjab Governor, Lieutenant General Khalid Maqbool (Retd) will be the chief gu

Published 29 Jun, 2007 12:00am

Full Supreme Court or new SJC can hear reference: government counsel makes offer

In a major development in the hearing of reference against Chief Justice of Pakistan, the government on Thursday offered that each of two forums- the Full Supreme Court or a reconstituted five-member Supreme Judicial-can hear the reference against Chief J

Published 29 Jun, 2007 12:00am

Chitral Valley

This 322 km.(200-mile) long mountain hideout, nesting high in the Hindu Kush range, is a place of fascinating scenic beauty and grandeur. Chitral's collection of rugged mountains, sulphur springs, rivers teeming with trout, orchard-dotted slopes, friendly

Published 29 Jun, 2007 12:00am

Ban on wheat export to continue: ECC considers rise in prices as ''preposterous''

The Economic Coordination Committee (ECC) of the cabinet on Thursday decided not to lift ban on wheat export. The ECC also turned down Ministry of Commerce''s proposal seeking Research and Development(R&D) support to textile sector in future.

Published 29 Jun, 2007 12:00am

Polo - The Game of Kings

Passion for Polo will be the highest on the world's highest Polo ground. Every year, Shandur (3,700 meters) invites visitors to experience a traditional polo tournament between the teams of Chitral and Gilgit from 7th to 9th July. The festival also includ

Published 29 Jun, 2007 12:00am

Ban on wheat export to continue: ECC considers rise in prices as 'preposterous'

The Economic Coordination Committee (ECC) of the cabinet on Thursday decided not to lift ban on wheat export. The ECC also turned down Ministry of Commerce's proposal seeking Research and Development(R&D) support to textile sector in future.

Published 29 Jun, 2007 12:00am

Trekking in Pakistan

Pakistan is a paradise for trekkers. Most of the trekking routes lies in the northern mountains of the Hindukush, the Karakorams and the Himalayas. For most of the treks, trekking season is between May to October.

Published 29 Jun, 2007 12:00am

Ban on wheat export to continue: ECC considers rise in prices as 'preposterous'

The Economic Coordination Committee (ECC) of the cabinet on Thursday decided not to lift ban on wheat export. The ECC also turned down Ministry of Commerce's proposal seeking Research and Development(R&D) support to textile sector in future.

Published 29 Jun, 2007 12:00am

Century Insurance Company Limited: promises peace of mind

Century Insurance Company Limited (CICL) is a general insurance company operating since 1989. It is listed on the stock exchanges of Pakistan and is a member company of the prestigious Lakson Group, one of the largest and most progressive business groups

Published 29 Jun, 2007 12:00am

Gas procurement: Attorney General''s opinion sought on DPL''s plea

The ministry of Petroleum (MoP) has sent Dewan Petroleum Limited''s (DPL) case for gas procurement to Attorney General of Pakistan for legal opinion. The correspondence between Director Gas, Zaheer Alam, and Director General Gas, Saeed Ullah Shah, of the

Published 29 Jun, 2007 12:00am

"Government must consolidate taxes into fewer ones to revive the tourism industry"

Human beings are restless creatures. They have been gifted with an inborn tendency to explore not only the highs and lows of this planet's terrain but have also ventured beyond skies to reach the stars.

Published 29 Jun, 2007 12:00am

Gas procurement: Attorney General's opinion sought on DPL's plea

The ministry of Petroleum (MoP) has sent Dewan Petroleum Limited's (DPL) case for gas procurement to Attorney General of Pakistan for legal opinion. The correspondence between Director Gas, Zaheer Alam, and Director General Gas, Saeed Ullah Shah, of the m

Published 29 Jun, 2007 12:00am

Virtual University of Pakistan: World-class education at your doorstep

The Virtual University of Pakistan was established in 2002 and aims at raising the standard of higher education in Pakistan by providing high quality, easily accessible and affordable world-class education to students from all regions through the utilisat

Published 29 Jun, 2007 12:00am

Gas procurement: Attorney General's opinion sought on DPL's plea

The ministry of Petroleum (MoP) has sent Dewan Petroleum Limited's (DPL) case for gas procurement to Attorney General of Pakistan for legal opinion. The correspondence between Director Gas, Zaheer Alam, and Director General Gas, Saeed Ullah Shah, of the m

Published 29 Jun, 2007 12:00am

KASB Bank: Education Asaan

KASB Bank Limited has a network of 35 branches in 15 cities. The bank offers a comprehensive range of banking services including Consumer Banking, Investment Banking, Commercial Banking, Treasury Products and Trade Finance.

Published 29 Jun, 2007 12:00am

Fed holds rates steady

The Federal Reserve on Thursday held benchmark US interest rates steady and, while nodding to a recent easing in core inflation, restated that inflation remained its top concern.

Published 29 Jun, 2007 12:00am

The HEC aims to set an example of good governance

The Higher Education Commission has been set up by the Government of Pakistan to facilitate the development of indigenous universities to be world-class centers of education, research and development. Through facilitating this process, the HEC intends to

Published 29 Jun, 2007 12:00am

Fed holds rates steady

The Federal Reserve on Thursday held benchmark US interest rates steady and, while nodding to a recent easing in core inflation, restated that inflation remained its top concern.

Published 29 Jun, 2007 12:00am

Kohat University of Science & Technology, on the rise

The HEC Commission has set out a vision for its reform program that aims to transform Pakistani universities into world-class seats of learning and advancement of knowledge. This need to be done to create a modern, progressive, tolerant and prosperous soc

Published 29 Jun, 2007 12:00am

Fed holds rates steady

The Federal Reserve on Thursday held benchmark US interest rates steady and, while nodding to a recent easing in core inflation, restated that inflation remained its top concern.

Published 29 Jun, 2007 12:00am

Textile Institute of Pakistan - bridging the gap between industry and academia

Textiles being Pakistan's largest industrial sector generate the country's highest export earnings of over 60%, providing the bulk of employment to a largely under utilised work force.

Published 29 Jun, 2007 12:00am

Rains kill 40 in Khyber Agency

At least 40 people, most of them Afghan refugees, were killed as torrential rains lashed the rugged north western tribal belt bordering Afghanistan on Thursday, officials said. The deaths in the Khyber tribal district came days after a tropical cyclone ra

Published 29 Jun, 2007 12:00am

Chartered accountancy on the path towards globalisation

Globalisation is a phenomenon that lays its foundation in the concept of shared learning and development. Nations today are tying knots not only in commerce, trade and business but also in such learning fields as of culture, sciences, arts, social ethics

Published 29 Jun, 2007 12:00am

Rains kill 40 in Khyber Agency

At least 40 people, most of them Afghan refugees, were killed as torrential rains lashed the rugged north western tribal belt bordering Afghanistan on Thursday, officials said. The deaths in the Khyber tribal district came days after a tropical cyclone ra

Published 29 Jun, 2007 12:00am

Shehzad Chamdia

CAMS School of Law is the fruition of an idea the seed of which was sown in 1993 when professionals from the fields of accountancy, business management and law came together to establish the College of Accounting and Management Sciences.

Published 29 Jun, 2007 12:00am

Bad weather halts relief work in Balochistan: water in Mirani dam reaches to dangerous level

A region near the Iranian border was also in danger from the Mirani dam where the water has reached a critical level. "If the rain goes on and the water level rises further we might have to take drastic action. We'd have to breach the dam ourselves to all

Published 29 Jun, 2007 12:00am

CAMS School of Law

Mr Rizwan Akhund has been practising law for over 15 years at the highest international levels. Called to the Bar of England and Wales in 1991, he practises corporate, commercial, banking, financial, securities and foreign investment law in Pakistan.

Published 29 Jun, 2007 12:00am

Bad weather halts relief work in Balochistan: water in Mirani dam reaches to dangerous level

A region near the Iranian border was also in danger from the Mirani dam where the water has reached a critical level. "If the rain goes on and the water level rises further we might have to take drastic action. We'd have to breach the dam ourselves to all

Published 29 Jun, 2007 12:00am

UET: A prestigious engineering university of the country

UET Lahore is the oldest and pioneer institution of Engineering and Technology of this country. It has three campuses including Main Campus, Kala Shah Kaku Campus and Faisalabad Campus in addition to one constituent college Rachna College of Engineering a

Published 29 Jun, 2007 12:00am

IBA: an icon of business education in Pakistan

The Institute of Business Administration, Karachi is the oldest business school outside North America. It produces world class management professionals working in Pakistan and around the world.

Published 29 Jun, 2007 12:00am

KASBIT: an example of quality education in the private sector

For the development and economic stability of any nation education plays vital role. It requires support and determination not only by public sector but also from private sector. In fact if we scan the globe we find private sector has contributed more tow

Published 29 Jun, 2007 12:00am

Prepare a generation with a vision

Muhammad Ali Jinnah University (MAJU) has been playing a pivotal role in catering human resources development necessary for country's economic uplift, said Dr Abdul Wahab, Vice Chancellor of the university.

Published 29 Jun, 2007 12:00am

Message from Senator, Minister of State for Education

It is with feeling of great pleasure to know that Business Recorder is going to publish a special report on Universities in Pakistan. Education is the driving force of growth and progress in an increasingly interconnected and globalizing world.

Published 29 Jun, 2007 12:00am

New York cocoa hits new 4-1/4-year peak

US outcry cocoa futures settled higher on Wednesday after reaching a fresh 4-1/4-year peak for the second day in a row. "I think we followed the London market today, but it was relatively quiet, to be honest," one trader said. "Cocoa's reacting to a very

Published 29 Jun, 2007 12:00am

MGE spring wheat futures lower after new highs

Spring wheat futures on the Minneapolis Grain Exchange closed mostly lower on Wednesday, retreating after the spot contract rose to a new 11-year high, traders said. A downturn in the Chicago wheat and corn markets dragged on values.

Published 29 Jun, 2007 12:00am

New York coffee closes up on late-day spec buying

US arabica coffee settled modestly higher for the second straight day on Wednesday, as late speculative support buoyed prices after the market hit a five-week low on Monday, traders said. "There were two buyers in the market today, both of the non-commerc

Published 29 Jun, 2007 12:00am

Tame German prices help to cool euro inflation

German inflation unexpectedly eased by a tenth of a percentage point in June, likely helping to offset rising price pressures elsewhere in the euro area. Germany's national consumer price index (CPI) showed prices rising by 1.8 percent on the year, the fi

Published 29 Jun, 2007 12:00am

South Africa civil servants agree to end strike

South African public sector unions agreed a wage deal with the government on Thursday, ending a four-week strike that exposed sharp political divisions between the ruling ANC and its labour allies.

Published 29 Jun, 2007 12:00am

Australia clears Citigroup of insider trading

Citigroup was cleared of insider trading charges on Thursday by an Australian court, which ruled the US bank's "Chinese Walls" were not breached when it traded shares in a company it knew was a take-over target.

Published 29 Jun, 2007 12:00am

US growth slows to four-year low

The US economy grew at a 0.7 percent annual pace in the first three months of this year, the weakest in more than four years, but a closely watched inflation gauge unexpectedly accelerated, data showed on Thursday.

Published 29 Jun, 2007 12:00am

General Motors to sell transmission unit for $5.6 billion

General Motors will sell its Allison Transmission unit that makes automatic gearboxes for commercial vehicles to private equity investors for 5.6 billion dollars, the parties said Thursday.

Published 29 Jun, 2007 12:00am

Taiwan approves $100 million chip investments in China

Taiwan approved four chip packaging firms' applications to invest nearly US $100 million in China, allowing them to join foreign competitors in tapping the world's fastest growing chip market.

Published 29 Jun, 2007 12:00am

Afghanistan must not rush for WTO membership: Oxfam

Afghanistan, seeking membership in the World Trade Organisation by 2010, risks undermining efforts to rebuild its shattered economy unless it treads more cautiously, the international aid group Oxfam said on Thursday.

Published 29 Jun, 2007 12:00am

Eurozone money supply growth picks up

Prospects for a hike in eurozone interest rates grew Thursday after the European Central Bank said that money supply, a key yardstick of future inflation, grew more strongly than expected in May. The M3 money supply grew by 10.7 percent on an annualised b

Published 29 Jun, 2007 12:00am

South Korea to spend $140 billion for US trade deal

South Korea will spend more than 130 trillion won ($140.3 billion) through 2013 to compensate for losses to farms and fisheries stemming from a free trade deal with the United States, the government said on Thursday.

Published 29 Jun, 2007 12:00am

EU bans Indonesian and Angolan airlines

The European Union will ban all 51 Indonesian airlines including national carrier Garuda from its airspace on safety grounds, officials said on Thursday. The executive European Commission also announced that the EU would ban Angolan Airlines TAAG, just ho

Published 29 Jun, 2007 12:00am

Bloomsbury seeks fresh magic in Harry Potter's wake

Harry Potter publisher Bloomsbury has been inundated with orders for the final instalment about the boy wizard and hopes a book on billionaire investor Warren Buffett will become one of its new best-sellers.

Published 29 Jun, 2007 12:00am

IMF chief to step down in October

International Monetary Fund Managing Director Rodrigo Rato, in a surprise announcement, said on Thursday he would step down in October for personal reasons, cutting short his five-year term. Rato, who took office in June 7, 2004, said he would depart afte

Published 29 Jun, 2007 12:00am

Investment rules slow Wal-Mart joint venture: Bharti

India's restrictions on foreign direct investment in the retail sector have slowed Bharti's joint venture with Wal-Mart Stores Inc but Chairman and CEO Sunil Mittal expects to sign a formal agreement next month.

Published 29 Jun, 2007 12:00am

Top Canada court maintains limits on tobacco advertisements

Canada's top court unanimously upheld a law limiting tobacco advertisements on Thursday, dismissing arguments from three big cigarette companies that complained the legislation is too broad.

Published 29 Jun, 2007 12:00am

Petronas hits record profit; eyes demand

Malaysian state oil firm Petroliam Nasional Bhd (Petronas) notched up another record profit on Thursday and paid a whopping dividend to a government expected to call a geeneral election within months Malaysia's biggest company posted net earnings of $12.9

Published 29 Jun, 2007 12:00am

Sugar prices may fall

Raw sugar prices could fall below eight cents per lb. in the coming months because of global oversupply, Forties said in its latest monthly agree-commodities report on Thursday.

Published 29 Jun, 2007 12:00am

CBoT rice closes weaker

Rough rice futures at the Chicago Board of Trade closed weaker on Wednesday amid commodity funds liquidating long positions and rolling of July positions, traders said.

Published 29 Jun, 2007 12:00am

US copper futures down

US copper futures lost 2.4 percent of their value by the close on Tuesday, as sentiment took a hit amid a broader sell-off in the metals complex, analysts said.

Published 29 Jun, 2007 12:00am

US gold lower but up from 5-1/2 month low

US gold futures ended slightly lower on Wednesday but up from 5-1/2 month lows set amid credit-market worries which prompted jittery investors to sell commodities and liquidate holdings in bullion exchange-traded funds (ETF).

Published 29 Jun, 2007 12:00am

Gold recovers low on bargain hunting

Gold rose on Thursday as bargain hunters reversed its decline to a 3-1/2-month low the previous day, when investors fled risk in global financial markets. Spot gold stood at $643.20/643.80 an ounce, versus $642.50/644.00 in late New York.

Published 29 Jun, 2007 12:00am

Ghana's cocoa

Ghana's cocoa production may not exceed 620,000 tonnes in the crop year ending September 2007 because of dry weather, Isaac Osier, chief executive of Ghana Cocoa Board, told Reuters on Thursday.

Published 29 Jun, 2007 12:00am

Indonesian palm oil prices unmoved

Indonesian palm oil prices were unchanged on Thursday without any fresh supply-demand news to move the market. There was no auction at the state marketing centre in Jakarta, which sells palm oil from state plantations after failing to sell 2,500 tonnes of

Published 29 Jun, 2007 12:00am

Oil inches up after fall in US fuel stocks

Oil edged further above $70 a barrel on Thursday, as US gasoline inventories fell against expectations during the peak-summer driving season, while swelling crude stock levels limited the upside.

Published 29 Jun, 2007 12:00am

Malaysian tin dips

Malaysian tin slipped on Thursday due to a technical correction over London Metal Exchange prices but losses were limited by strong Japanese demand, one dealer said.

Published 29 Jun, 2007 12:00am

Currency	Rate
USD PKR Interbank Selling / Nov 12	278
USD PKR Interbank Buying / Nov 12	277.75
USD to Japanese Yen / Nov 12	153.83
USD to Swiss Franc / Nov 12	0.88
Pound Sterling to USD / Nov 12	1.28
Euro to USD / Nov 12	1.06

Stock	Volume
S&P 500 / Nov 11	6,001.35
Nasdaq / Nov 11	19,298.77
Dow Jones / Nov 11	44,293.13
India Sensex / Nov 12	78,930.71
Tokyo Nikkei / Nov 12	39,376.09
Hang Seng / Nov 12	19,825.28
FTSE 100 / Nov 12	8,078.78
Germany DAX 30 / Nov 12	19,259.41

Item	Value
Crude Oil USD/Barrel / Nov 12	68.03
Karachi Cotton PKR/37.32 KG / Nov 12	18,085
Gold 10 Grams PKR / Nov 12	231,911
Gold Spot USD/Ounce / Nov 12	2,600.75
Cotton US¢/pound / Nov 12	72.18
Petrol/Litre / Nov 13	248.38

Stock	Price
786 Invest Ltd / Nov 13 786 Investments Limited(786)	6.11 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 13 Al-Abbas Sugar Mills Limited(AABS)	600 ▼ 0.00 (0.00%)
Agro Allianz / Nov 13 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 13 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 13 Ali Asghar Textile Mills Limited(AATM)	66.54 ▼ 0.00 (0.00%)
Allied Bank / Nov 13 Allied Bank Limited(ABL)	116.05 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 13 Abbott Laboratories (Pakistan) Limited(ABOT)	984.72 ▼ 0.00 (0.00%)
Abson Ind. / Nov 13 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 13 Alfalah Consumer Index ETF.(ACIETF)	12.03 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 13 786 Investments Limited(786)	6.11 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 13 Al-Abbas Sugar Mills Limited(AABS)	600 ▲ 0.00 (0.00%)
Agro Allianz / Nov 13 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 13 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 13 Ali Asghar Textile Mills Limited(AATM)	66.54 ▲ 0.00 (0.00%)
Allied Bank / Nov 13 Allied Bank Limited(ABL)	116.05 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 13 Abbott Laboratories (Pakistan) Limited(ABOT)	984.72 ▲ 0.00 (0.00%)
Abson Ind. / Nov 13 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 13 Alfalah Consumer Index ETF.(ACIETF)	12.03 ▲ 0.00 (0.00%)

Stock	Volume
Cnergyico PK / Nov 13 Cnergyico PK Limited(CNERGY)	98,601,408 ▲ 0.00
Pak Elektron / Nov 13 Pak Elektron Limited(PAEL)	78,094,188 ▲ 0.00
K-Electric Ltd. / Nov 13 K-Electric Limited(KEL)	70,187,495 ▲ 0.00
WorldCall Telecom / Nov 13 Worldcall Telecom Limited(WTL)	31,959,599 ▲ 0.00
B.O.Punjab / Nov 13 The Bank of Punjab(BOP)	30,732,112 ▲ 0.00
The Searle Co. / Nov 13 The Searle Company Limited(SEARL)	25,361,739 ▲ 0.00
Citi Pharma Ltd / Nov 13 Citi Pharma Ltd.(CPHL)	22,856,315 ▲ 0.00
Sui South Gas / Nov 13 Sui Southern Gas Company Limited(SSGC)	22,691,678 ▲ 0.00
Pak Refinery / Nov 13 Pakistan Refinery Limited(PRL)	16,427,996 ▲ 0.00

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