News Archives for Print - 2007-07-17

NJLI Managed Growth Fund Rates

New Jubilee Life Insurance Managed Growth Fund Rates on Wednesday (July 11, 2007).

Published 17 Jul, 2007 12:00am

LSE receives heavy battering

Share prices underwent heavy battering on Lahore Stock Exchange (LSE) on Monday, due to what the analysts said 'deteriorating law and order problem' in the wake of Lal Masjid tragedy. The LSE-25 index shed 88.48 points (1.79 percent) reaching 4,842.49 poi

Published 17 Jul, 2007 12:00am

KKI closing rates of currency notes

Khanani & Kalia International (Pvt) Limited Closing Rates of currency notes on Monday (July 16, 2007).

Published 17 Jul, 2007 12:00am

LSE receives heavy battering

Share prices underwent heavy battering on Lahore Stock Exchange (LSE) on Monday, due to what the analysts said 'deteriorating law and order problem' in the wake of Lal Masjid tragedy. The LSE-25 index shed 88.48 points (1.79 percent) reaching 4,842.49 poi

Published 17 Jul, 2007 12:00am

World currencies and euro

Value of the euro in terms of other world currencies as prevailing in the week ended Monday (July 16, 2007).

Published 17 Jul, 2007 12:00am

BRIndex30 down 361.98 points

On Monday, July 16, the BRIndex30 opened in the red zone, at 15,405.05, and remained there for whole of the trading time, closing at 15,042.81 with a negative change of -361.98 points and percentage change of -2.35.

Published 17 Jul, 2007 12:00am

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Monday (July 16, 2007).

Published 17 Jul, 2007 12:00am

BRIndex30 down 361.98 points

On Monday, July 16, the BRIndex30 opened in the red zone, at 15,405.05, and remained there for whole of the trading time, closing at 15,042.81 with a negative change of -361.98 points and percentage change of -2.35.

Published 17 Jul, 2007 12:00am

Open market rates of foreign currencies

Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Monday (July 16, 2007).

Published 17 Jul, 2007 12:00am

KSE falls prey to panic selling

The law and order situation in northern parts of the country created panic selling at the local share market as the KSE-100 index lost 257.20 points to close at 13,945.03 points'' level on Monday. The KSE-30 index declined by 349.89 points to close at 16,

Published 17 Jul, 2007 12:00am

London Interbank Offered Rates

London Interbank Offered Rates (LIBOR) on Monday (July 16, 2007).

Published 17 Jul, 2007 12:00am

KSE falls prey to panic selling

The law and order situation in northern parts of the country created panic selling at the local share market as the KSE-100 index lost 257.20 points to close at 13,945.03 points' level on Monday. The KSE-30 index declined by 349.89 points to close at 16,8

Published 17 Jul, 2007 12:00am

Spot dollar rates

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

Published 17 Jul, 2007 12:00am

KSE falls prey to panic selling

The law and order situation in northern parts of the country created panic selling at the local share market as the KSE-100 index lost 257.20 points to close at 13,945.03 points' level on Monday. The KSE-30 index declined by 349.89 points to close at 16,8

Published 17 Jul, 2007 12:00am

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Monday (July 16, 2007).

Published 17 Jul, 2007 12:00am

Minister perplexed at eerie silence of intellectuals

Population Minister Chaudhry Shahbaz felt perplexed on Monday at the eerie silence of the country's intellectuals after the Lal Masjid tragedy. He observed that the President was grieved at the way things had turned out in the end.

Published 17 Jul, 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 Monday (July 16, 2007).

Published 17 Jul, 2007 12:00am

Provincial autonomy bill to be presented in National Assembly: Saifullah

Federal Minister for Inter Provincial Co-ordination, Salim Saifullah Khan has said that the government is keen to present provincial autonomy bill in the upcoming National Assembly session. The government wanted to give wider autonomy to provinces and the

Published 17 Jul, 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 Monday (July 16, 2007).

Published 17 Jul, 2007 12:00am

Niazi suggests national political dialogue on law and order

Minister for Parliamentary Affairs Dr Sher Afgan Niazi has suggested a national political dialogue on law and order. Speaking in a PTV programme he said this was not the time for anyone to secure political points. Law and order being an issue of national

Published 17 Jul, 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 Monday (July 16, 2007).

Published 17 Jul, 2007 12:00am

Security steps for devotees ordered

Muhammad Ali Barohi, Chairman of Senate Standing Committee on Housing, Works and Environment has asked for installation of close circuit cameras and security related equipment for providing secure environment to the devotees visiting the mausoleum of Hazr

Published 17 Jul, 2007 12:00am

Interest rates on old and incremental FCY deposits

Interest rates on old and incremental FCY deposits on Monday (July 16, 2007).

Published 17 Jul, 2007 12:00am

Government and opposition to jointly devise strategy against terrorism

Federal Minister for Information and Broadcasting Muhammad Ali Durrani has deplored the suicide attacks in Miranshah and Dera Ismail Khan, saying that the situation demanded of the government and the opposition to jointly devise a national strategy agains

Published 17 Jul, 2007 12:00am

LIBOR calculating interest on US dollar

London Interbank Offer Rates on for calculating interest on special US dollar on Monday (July 16, 2007).

Published 17 Jul, 2007 12:00am

Suicide attacks linkage with Lal Masjid incident possible: Sherpao

Federal Interior Minister Aftab Ahmed Khan Sherpao on Monday said that there was the possibility of linkage between the Lal Masjid, Jamia Hafsa incident and the suicide bombings in Sawat and Dera Ismail Khan but the real position would come on surface aft

Published 17 Jul, 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 Monday (July 16, 2007).

Published 17 Jul, 2007 12:00am

Rashid Qureshi made Musharraf's media advisor

Major General Rashid Qureshi (Retd) has been appointed media advisor and spokesman of President General Pervez Musharraf here on Monday, it is reliably learnt.

Published 17 Jul, 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 Monday (July 16, 2007).

Published 17 Jul, 2007 12:00am

Rashid Qureshi made Musharraf's media advisor

Major General Rashid Qureshi (Retd) has been appointed media advisor and spokesman of President General Pervez Musharraf here on Monday, it is reliably learnt.

Published 17 Jul, 2007 12:00am

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Monday (July 16, 2007).

Published 17 Jul, 2007 12:00am

Pakistan, Iran and India agree on gas price formula

Iran, Pakistan and India have agreed on a gas ''price formula'' on the basis of which Iran will supply gas to Pakistan and India through Iran-Pakistan-India (IPI) gas pipeline project.

Published 17 Jul, 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 17 Jul, 2007 12:00am

Pakistan, Iran and India agree on gas price formula

Iran, Pakistan and India have agreed on a gas 'price formula' on the basis of which Iran will supply gas to Pakistan and India through Iran-Pakistan-India (IPI) gas pipeline project.

Published 17 Jul, 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 17 Jul, 2007 12:00am

Pakistan, Iran and India agree on gas price formula

Iran, Pakistan and India have agreed on a gas 'price formula' on the basis of which Iran will supply gas to Pakistan and India through Iran-Pakistan-India (IPI) gas pipeline project.

Published 17 Jul, 2007 12:00am

Karachi interbank rates

Karachi interbank rates on Monday (July 16, 2007).

Published 17 Jul, 2007 12:00am

Judicial misconduct charge against CJP withdrawn

The Federal Government on Monday withdrew the charge of 'Judicial misconduct' in the reference against Chief Justice Iftikhar Mohammad Chaudhry.

Published 17 Jul, 2007 12:00am

Aaj TV - Tuesday's schedule

All timings are in PST (Pakistan Standard Time).

Published 17 Jul, 2007 12:00am

Judicial misconduct charge against CJP withdrawn

The Federal Government on Monday withdrew the charge of 'Judicial misconduct' in the reference against Chief Justice Iftikhar Mohammad Chaudhry.

Published 17 Jul, 2007 12:00am

Oman International Bank SAOG declares PLS profit rates

Oman International Bank SAOG has declared the rates of profit on PLS deposits for the period of six months ended June 30, 2007.

Published 17 Jul, 2007 12:00am

$5.493 billion workers'' remittances break previous record

Pakistan has received highest-ever workers'' remittances, amounting to over 5.493 billion dollars during the 2007 fiscal year, breaking its previous record of 4.6 billion dollars during the 2006 fiscal year. According to State Bank of Pakistan (SBP), neve

Published 17 Jul, 2007 12:00am

Oman International Bank SAOG declares PLS profit rates

Oman International Bank SAOG has declared the rates of profit on PLS deposits for the period of six months ended June 30, 2007.

Published 17 Jul, 2007 12:00am

$5.493 billion workers' remittances break previous record

Pakistan has received highest-ever workers' remittances, amounting to over 5.493 billion dollars during the 2007 fiscal year, breaking its previous record of 4.6 billion dollars during the 2006 fiscal year. According to State Bank of Pakistan (SBP), never

Published 17 Jul, 2007 12:00am

Habib Metropolitan Bank declares PLS profit rates

The Habib Metropolitan Bank Limited has declared the rates of profit on PLS deposits for the period of six months ended June 30, 2007.

Published 17 Jul, 2007 12:00am

$5.493 billion workers' remittances break previous record

Pakistan has received highest-ever workers' remittances, amounting to over 5.493 billion dollars during the 2007 fiscal year, breaking its previous record of 4.6 billion dollars during the 2006 fiscal year. According to State Bank of Pakistan (SBP), never

Published 17 Jul, 2007 12:00am

Habib Metropolitan Bank declares PLS profit rates

The Habib Metropolitan Bank Limited has declared the rates of profit on PLS deposits for the period of six months ended June 30, 2007.

Published 17 Jul, 2007 12:00am

Peace deal with Taliban still intact: foreign office

Foreign Office on Monday said that the peace agreement between the government and the local Taliban in tribal areas was still intact. Speaking at weekly briefing, Foreign Office spokesperson Tasneem Aslam claimed: "The deal has not been scrapped and the n

Published 17 Jul, 2007 12:00am

ICMAP spring (summer) exam result

The examinations were held at Karachi, Islamabad, Lahore, Peshawar, Quetta, Faisalabad, Hyderabad, Abottabad, Multan, Mirpur (AJK), Kohat, Sargodha and overseas ICMAP examinations held at Dubai.

Published 17 Jul, 2007 12:00am

Peace deal with Taliban still intact: foreign office

Foreign Office on Monday said that the peace agreement between the government and the local Taliban in tribal areas was still intact. Speaking at weekly briefing, Foreign Office spokesperson Tasneem Aslam claimed: "The deal has not been scrapped and the n

Published 17 Jul, 2007 12:00am

Chemicals mixed on Jodia Bazaar

The trading on chemicals moved both ways on Jodia Bazaar here on Monday. The following variations were noted:

Published 17 Jul, 2007 12:00am

Single sales tax returns for June allowed

The Federal Board of Revenue (FBR) has allowed the taxpayers to file single sales tax return for tax period of June, 2007, following changes in sales tax rates on different items.

Published 17 Jul, 2007 12:00am

Modest trading seen on grain market

Modest trading was seen on the grain market on Monday as the rice prices went up and some commodities drifted lower due to smooth supply from upcountry centres, dealers said.

Published 17 Jul, 2007 12:00am

Single sales tax returns for June allowed

The Federal Board of Revenue (FBR) has allowed the taxpayers to file single sales tax return for tax period of June, 2007, following changes in sales tax rates on different items.

Published 17 Jul, 2007 12:00am

Oil cake market rates

July vaida and December vaida were unchanged on the forward cottonseed oilcake market on Monday as many buyers did not show any interest in fresh deals, brokers said.

Published 17 Jul, 2007 12:00am

Single sales tax returns for June allowed

The Federal Board of Revenue (FBR) has allowed the taxpayers to file single sales tax return for tax period of June, 2007, following changes in sales tax rates on different items.

Published 17 Jul, 2007 12:00am

Cotton spot rate further up by Rs 25 at Rs 2875

The official spot rate was modestly up as the New York cotton futures still on the upward, indicating further rise in the local market, brokers said. The Karachi Cotton Association (KCA) official spot rate was higher by Rs 25 at Rs 2875, they added.

Published 17 Jul, 2007 12:00am

Customs told to revise importable goods values

The Federal Board of Revenue (FBR) has directed the customs department to revise values of commodities, for accurate calculation of duties and taxes, keeping in view international changes in cases where values were fixed in 2004.

Published 17 Jul, 2007 12:00am

Taiwan millers urge government to set standard for wheat

Taiwan's flour millers on Monday called on the government to clearly set acceptable amounts of pesticide residue to be allowed on imported US wheat, saying a de facto total ban in place now could cause wheat shortages soon.

Published 17 Jul, 2007 12:00am

Customs told to revise importable goods values

The Federal Board of Revenue (FBR) has directed the customs department to revise values of commodities, for accurate calculation of duties and taxes, keeping in view international changes in cases where values were fixed in 2004.

Published 17 Jul, 2007 12:00am

Shanghai copper up

Shanghai copper rose by just under half a percent on Monday following a steady performance in the previous session by London futures, which shrugged off the end of a strike at a major mine.

Published 17 Jul, 2007 12:00am

Customs told to revise importable goods values

The Federal Board of Revenue (FBR) has directed the customs department to revise values of commodities, for accurate calculation of duties and taxes, keeping in view international changes in cases where values were fixed in 2004.

Published 17 Jul, 2007 12:00am

Gold ends steady near five-week high in Asia

Gold held steady on Monday and was within sight of a five-week high hit last week but overall trading was sluggish in the absence of Japanese investors. Other precious metals were mostly higher, with silver hovering near on Friday's three-week highs. Toky

Published 17 Jul, 2007 12:00am

US to pour $750 million aid into tribal areas

The administration of President George W Bush plans to pour 750 million dollars worth of aid into Pakistan's tribal areas in a bid to wrest it away from al Qaeda and Taliban militants, The New York Times reported on its website late on Sunday.But planners

Published 17 Jul, 2007 12:00am

Russia's second beet test shows root weight

Russia's second sugar beet test for 2007, carried out on July 11, showed an average root weight of 116 Grammies, compared to 115 Grammies in the same test last year, the Russian Sugar Producers' Union said on Monday.

Published 17 Jul, 2007 12:00am

Provision of residential facility assured

Highlighting the increasing rate of population in the country Punjab Minister for Housing and Urban Development, Syed Raza Ali Gillani has said that three million people are increasing in the country's population every year.

Published 17 Jul, 2007 12:00am

Malaysia's May rubber production rises

Output of natural rubber in Malaysia, one of the world's leading producers, rose 13.6 percent to 87,362 tonnes in May from a month, the state-run Malaysian Rubber Board said on Monday.

Published 17 Jul, 2007 12:00am

APTA's delegation meets Salman

A six member delegation of All Pakistan Textile Association (APTA) headed by its Chairman, Adil Mehmood met Adviser to Prime Minister on Economic Affairs, Dr Salman Shah at Islamabad and discussed problems confronted by the textile sector. On the assuranc

Published 17 Jul, 2007 12:00am

Oil hovers at 11-month high on supply worries

Brent crude oil prices held near 11-month highs on Monday, after rising more than 1.5 percent in the previous session on nagging supply worries due to North Sea production problems and US refinery outages. London Brent crude was down 2 cents at $77.55 a b

Published 17 Jul, 2007 12:00am

Any new IPP unlikely due gas unavailability

Pakistan is unlikely to have any new independent power producer (IPP) as the Petroleum Ministry has denied gas availability for gas-fired or dual fuel-based thermal projects in future, sources told Business Recorder here on Monday.

Published 17 Jul, 2007 12:00am

Soyabean sinks on weather; corn and wheat down

Chicago Board of Trade soyabean futures fell more than 30 cents on Monday due to shower forecasts in the US Midwest, traders said. "Weather is still a driving force. Rain will limit stress on crops in the Midwest hit by hot weather," said a trader in Seou

Published 17 Jul, 2007 12:00am

Any new IPP unlikely due gas unavailability

Pakistan is unlikely to have any new independent power producer (IPP) as the Petroleum Ministry has denied gas availability for gas-fired or dual fuel-based thermal projects in future, sources told Business Recorder here on Monday.

Published 17 Jul, 2007 12:00am

Indian soyaoil futures fall

Indian soyaoil futures fell more than 0.4 percent on Monday after data showed an increase in the area being used for oilseed cultivation this year, analysts said. Weak Malaysian palm oil futures and profit booking after a more than 2.4 percent rally last

Published 17 Jul, 2007 12:00am

Any new IPP unlikely due gas unavailability

Pakistan is unlikely to have any new independent power producer (IPP) as the Petroleum Ministry has denied gas availability for gas-fired or dual fuel-based thermal projects in future, sources told Business Recorder here on Monday.

Published 17 Jul, 2007 12:00am

EU moves to scrap set-aside to boost grain supply

In a bid to ease tight cereal supplies, Europe's farm chief plans to end the AEU's restriction on farmers to leave 10 percent of land fallow so it recovers between crops, the European Commission said on Monday.

Published 17 Jul, 2007 12:00am

ISPR rules out operation in Swat

Director General Inter Services Public Relations (ISPR) Major General Waheed Arshad Qureshi has said that deployment of forces in Swat does not mean that the government wants to conduct operation against militants in the region.

Published 17 Jul, 2007 12:00am

Planting to revive Liberia cocoa farms after civil war

As Liberia recovers from a ruinous civil war, tropical agriculture experts plan to revive cocoa farming there by educating growers and helping them plant thousands of high-yielding, disease-resistant hybrid trees.

Published 17 Jul, 2007 12:00am

ISPR rules out operation in Swat

Director General Inter Services Public Relations (ISPR) Major General Waheed Arshad Qureshi has said that deployment of forces in Swat does not mean that the government wants to conduct operation against militants in the region.

Published 17 Jul, 2007 12:00am

Malaysian tin up

Malaysian tin climbed 0.8 percent on Monday, tracking higher prices on the London Metal Exchange and supported by Japanese buying, one trader said.

Published 17 Jul, 2007 12:00am

25-member body NWFP chief minister says he rejected deployment of troops: grand jirga forms

NWFP Chief Minister Akram Khan Durrani on Monday ruled out any military operation in any part of the province, including the districts of defunct Malakand Division and constituted a 25-member committee to resolve the matter of militancy through negotiatio

Published 17 Jul, 2007 12:00am

Indonesia palm oil mixed

Indonesian palm oil prices were mixed on Monday, as choppy trading in the neighbouring Malaysian market sapped interest. In Jakarta, the state marketing centre sold crude palm oil at 7,116 rupiah ($0.787) a kilogram, up from 7,063 rupiah a kilogram on Thu

Published 17 Jul, 2007 12:00am

25-member body NWFP chief minister says he rejected deployment of troops: grand jirga forms

NWFP Chief Minister Akram Khan Durrani on Monday ruled out any military operation in any part of the province, including the districts of defunct Malakand Division and constituted a 25-member committee to resolve the matter of militancy through negotiatio

Published 17 Jul, 2007 12:00am

Indian Sugar Exam to sell raw sugar: trade

Indian Sugar Exam Corp Ltd has floated a tender to export 15,000-20,000 tonnes of raw sugar, a trade source told Reuters on Monday. The source said the company could agree to sell more than the tendered quantity if prices were attractive. Shipments will b

Published 17 Jul, 2007 12:00am

Malaysian palm oil weaker

Malaysian crude palm oil futures ended 1.7 percent lower on Monday as prices of rival soyabean oil fell and estimates from a cargo surveyor showed weakening exports, traders said. The benchmark October contract on the Bursar Malaysia Derivatives Exchange

Published 17 Jul, 2007 12:00am

Man sees 54 percent ethanol mix from Brazil cane

Sugar merchant ED&F Man said on Monday it expected at least 54 percent of the 2007/08 centre-south Brazil cane crop to be used to make ethanol bifocal, and the rest for sugar.

Published 17 Jul, 2007 12:00am

IntercontinentalExchange may be prey or predator after CME-CBOT deal

The Chicago Mercantile Exchange's victory in the take-over battle for CBOT Holdings Inc may set off a new round of courtship as rival options and futures exchanges seek partners.

Published 17 Jul, 2007 12:00am

India to import more wheat despite high prices

India will import more wheat this year despite high global prices, the farm minister said on Monday, as its first priority is to secure enough grain to feed a billion people. Last week, the government decided to buy 511,000 tonnes of wheat at $317-$330 pe

Published 17 Jul, 2007 12:00am

Big corn stocks cool talk of food shortage

Fears of a possible food shortage were eased by US government data released Thursday which showed the global stockpile of corn increasing despite surging consumption of the grain to make ethanol.

Published 17 Jul, 2007 12:00am

TOCOM sees system upgrade as top priority

Japan's top commodities bourse sees upgrading its trading system and converting itself to a shareholder-owned entity as top priorities to bolster competitiveness, its new president said on Wednesday.

Published 17 Jul, 2007 12:00am

Indian July sugar futures rise

Indian near-month sugar futures rose on Monday afternoon, and traders said they expected more gains because deliveries were likely to be lower than expected.

Published 17 Jul, 2007 12:00am

Ukraine boosts wheat exports in June

Ukraine boosted wheat exports to 728,100 tonnes in June from 40,400 in May, analysts said on Monday, quoting preliminary official data. Kiev-based ProAgro agriculture constancy said in a statement the country had also exported 297,900 tonnes of barley in

Published 17 Jul, 2007 12:00am

Britain's wheat and rapeseed areas seen higher

Britain's wheat plantings are up two percent this year while rapeseed area has climbed 16 percent, according to a survey issued by the home-grown Cereals Authority (HGCA) on Monday.

Published 17 Jul, 2007 12:00am

Russian weekly grain market report

Russian grain prices kept rising last week with a speed unseen before, traders said. The rise has not been influenced by an acceleration of the harvesting campaign.

Published 17 Jul, 2007 12:00am

Ukraine seaport grain exports fall

Ukraine exported just 3,080 tonnes of grain through Black Sea ports in July 1 to 7 compared with 122,840 in the same period in June, analysts said on Monday. Ukraine's ProAgro agriculture constancy quoted data from ports as showing the country exported wh

Published 17 Jul, 2007 12:00am

Qatar port closed by bad weather

Bad weather forced the closure of Qatar's oil export terminal at Al-Shaheen on Monday and has delayed loading of a million barrels of crude, a shipper said on Monday. Inchcape Shipping Services said on its website that the port was shut at 0800 (0500 GMT)

Published 17 Jul, 2007 12:00am

Activity at Karachi and Qasim ports

The Karachi Port handled 128,520 tonnes cargo including 112,406 tonnes import, 16,114 tonnes export cargo and 4,077 containers (TEUs) during last 24 hours ending at 0700 hours on Monday. The cargo comprised of 61,122 tonnes dry cargo including 53,202 tonn

Published 17 Jul, 2007 12:00am

Philippine lending growth slows to 3.6 percent

Philippine annual loan growth fell to its slowest pace in nearly a year in May as central bank efforts to stoke credit were tripped up by the special deposit accounts it offered widely in a bid to cool money supply growth.

Published 17 Jul, 2007 12:00am

China sets up state venture capital fund

China has launched a 100 million yuan ($13.2 million) state fund to support venture capital investment in local high-technology start-ups, the Ministry of Finance said on Monday. The fund will act as an incubator for innovative companies by providing inve

Published 17 Jul, 2007 12:00am

China sets up state venture capital fund

China has launched a 100 million yuan ($13.2 million) state fund to support venture capital investment in local high-technology start-ups, the Ministry of Finance said on Monday. The fund will act as an incubator for innovative companies by providing inve

Published 17 Jul, 2007 12:00am

RBS-led group offers more cash in $98 billion ABN bid

Royal Bank of Scotland and its partners have sweetened their 71.1 billion-euro ($98 billion) bid for Dutch bank ABN Amro, putting in more cash in an attempt to beat rival suitor Barclays.

Published 17 Jul, 2007 12:00am

Currency	Rate
USD PKR Interbank Selling / Dec 23	278.69
USD PKR Interbank Buying / Dec 23	278.43
USD to Swiss Franc / Dec 20	0.89
USD to Japanese Yen / Dec 23	156.63
Pound Sterling to USD / Dec 23	1.26
Euro to USD / Dec 23	1.04

Stock	Volume
S&P 500 / Dec 20	5,930.85
Nasdaq / Dec 20	19,572.60
Dow Jones / Dec 20	42,840.26
India Sensex / Dec 23	78,595.51
Tokyo Nikkei / Dec 23	39,161.34
Hang Seng / Dec 23	19,857.04
FTSE 100 / Dec 23	8,068.16
Germany DAX 30 / Dec 23	19,830.32

Item	Value
Gold 10 Grams PKR / Dec 20	234,311
Karachi Cotton PKR/37.32 KG / Dec 21	17,585
Petrol/Litre / Dec 23	252.10
Crude Oil USD/Barrel / Dec 23	69.79
Gold Spot USD/Ounce / Dec 23	2,632.38
Diesel/Litre / Dec 23	255.38

Stock	Price
Dewan Sugar / Dec 23 Dewan Sugar Mills Limited(DWSM)	6.60 ▲ 1.00 (17.86%)
Jahangir Sidd(Pref) / Dec 23 Jahangir Sidd(Pref)(JSCLPSA)	9.50 ▲ 0.95 (11.11%)
Dewan Farooque Sp. / Dec 23 Dewan Farooque Spinning Mills Limited(DFSM)	4.73 ▲ 0.46 (10.77%)
Trust Sec.& Brok. / Dec 23 Trust Securities & Brokerage Limited(TSBL)	10.55 ▲ 1.00 (10.47%)
Dawood Equities / Dec 23 Dawood Equities Limited(DEL)	10.63 ▲ 1.00 (10.38%)
Pak. P.V.C. / Dec 23 Pakistan PVC Limited(PPVC)	10.70 ▲ 1.00 (10.31%)
Fauji Foods Ltd / Dec 23 Fauji Foods Limited(FFL)	14.49 ▲ 1.32 (10.02%)
Treet Corp / Dec 23 Treet Corporation Limited(TREET)	24.38 ▲ 2.22 (10.02%)
Calcorp Ltd / Dec 23 Calcorp Limited(CASH)	27.48 ▲ 2.50 (10.01%)

Stock	Price
Faran Sugar (R) / Dec 23 Faran Sugar Mills Limited (R)(FRSMR)	9 ▼ -1.00 (-10.00%)
Blue-Ex Ltd / Dec 23 Blue-Ex Limited (GEM)(GEMBLUEX)	40.87 ▼ -4.54 (-10.00%)
J.A.Textile / Dec 23 J.A. Textile Mills Limited(JATM)	37.72 ▼ -4.19 (-10.00%)
Olympia Mills / Dec 23 Olympia Mills Limited(OML)	34.60 ▼ -3.82 (-9.94%)
Dar-es-Salaam / Dec 23 Dar-es-Salaam Textile Mills Limited(DSML)	42.01 ▼ -4.58 (-9.83%)
First Tri-Star Mod. / Dec 23 First Tri-Star Modaraba(FTSM)	13.87 ▼ -1.47 (-9.58%)
National Silk / Dec 23 The National Silk & Rayon Mills Limited(NSRM)	50.51 ▼ -4.93 (-8.89%)
Supernet Ltd. / Dec 23 Supernet Limited (GEM)(GEMSPNL)	15.55 ▼ -1.37 (-8.10%)
Burj Clean Energy Modaraba / Dec 23 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	8.45 ▼ -0.65 (-7.14%)

Stock	Volume
WorldCall Telecom / Dec 23 Worldcall Telecom Limited(WTL)	99,942,750 ▲ 0.08
Pace (Pak) Ltd. / Dec 23 Pace (Pakistan) Limited(PACE)	43,280,462 ▲ 0.08
K-Electric Ltd. / Dec 23 K-Electric Limited(KEL)	40,644,312 ▲ 0.26
Sui South Gas / Dec 23 Sui Southern Gas Company Limited(SSGC)	40,619,788 ▲ 0.49
Fauji Foods Ltd / Dec 23 Fauji Foods Limited(FFL)	34,149,414 ▲ 1.32
Cnergyico PK / Dec 23 Cnergyico PK Limited(CNERGY)	33,997,459 ▲ 0.46
Pak Elektron / Dec 23 Pak Elektron Limited(PAEL)	31,086,513 ▲ 2.51
B.O.Punjab / Dec 23 The Bank of Punjab(BOP)	29,495,012 ▲ 0.36
P.T.C.L. / Dec 23 Pakistan Telecommunication Company Ltd(PTC)	22,085,812 ▲ 1.85

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