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Print - 2007-08-05
Extremist behind Samarra shrine attack killed

Extremist behind Samarra shrine attack killed

.An Iraqi security chief said Saturday that US and Iraqi forces have killed the militant behind the attack on a revered Shia mosque that was widely seen as the trigger for Iraq's sectarian war.
Published 05 Aug, 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 (August 04, 2007).
Published 05 Aug, 2007 12:00am
Iran arrests 230 in raid on illegal rock concert

Iran arrests 230 in raid on illegal rock concert

.Iranian police arrested 230 people in a raid on an underground rock concert close to Tehran, amid a growing crackdown on behaviour deemed contrary to Islamic law, local officials said on Saturday.
Published 05 Aug, 2007 12:00am
SBP to raise Rs 15 billion in bond auction

SBP to raise Rs 15 billion in bond auction

State Bank of Pakistan said on Saturday it planned to raise 15 billion rupees ($248.34 million) through an auction of long-term government bonds this month. The State Bank of Pakistan said in a statement it planned to sell fresh issues of three-, five- an
Published 05 Aug, 2007 12:00am
Grain market rates

Grain market rates

Karachi grain market rates in rupees on Saturday (August 04, 2007).
Published 05 Aug, 2007 12:00am
SBP to raise Rs 15 billion in bond auction

SBP to raise Rs 15 billion in bond auction

State Bank of Pakistan said on Saturday it planned to raise 15 billion rupees ($248.34 million) through an auction of long-term government bonds this month. The State Bank of Pakistan said in a statement it planned to sell fresh issues of three-, five- an
Published 05 Aug, 2007 12:00am
SBP to raise Rs 15 billion in bond auction

SBP to raise Rs 15 billion in bond auction

State Bank of Pakistan said on Saturday it planned to raise 15 billion rupees ($248.34 million) through an auction of long-term government bonds this month. The State Bank of Pakistan said in a statement it planned to sell fresh issues of three-, five- an
Published 05 Aug, 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 (August 04, 2007).
Published 05 Aug, 2007 12:00am
SBP to raise Rs 15 billion in bond auction

SBP to raise Rs 15 billion in bond auction

State Bank of Pakistan said on Saturday it planned to raise 15 billion rupees ($248.34 million) through an auction of long-term government bonds this month. The State Bank of Pakistan said in a statement it planned to sell fresh issues of three-, five- an
Published 05 Aug, 2007 12:00am
Jute goods rates

Jute goods rates

Jute goods rates in rupees prevailing on the commodity markets in Karachi on Saturday (August 04, 2007).
Published 05 Aug, 2007 12:00am
Raw rubber rates

Raw rubber rates

Raw Rubber rates in rupees prevailing on the commodity markets in Karachi on Saturday (August 04, 2007).
Published 05 Aug, 2007 12:00am
Milk powder rates

Milk powder rates

Milk Powder rates in rupees prevailing on the commodity markets in Karachi on Saturday (August 04, 2007).
Published 05 Aug, 2007 12:00am
Karachi tea rates

Karachi tea rates

Tea rates in rupees prevailing on the commodity markets in Karachi on Saturday (August 04, 2007).
Published 05 Aug, 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 August 23, 2007
Published 05 Aug, 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 August 23, 2007
Published 05 Aug, 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 August 23, 2007
Published 05 Aug, 2007 12:00am
Rates of Pipe Fittings

Rates of Pipe Fittings

Pipe fitting rates in rupees prevailing in the markets in Karachi on Saturday (August 04, 2007).
Published 05 Aug, 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 (August 04, 2007).
Published 05 Aug, 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 Saturday (August 04, 2007).
Published 05 Aug, 2007 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (August 04, 2007).
Published 05 Aug, 2007 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (August 04, 2007).
Published 05 Aug, 2007 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Saturday (August 04, 2007).
Published 05 Aug, 2007 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Saturday (August 04, 2007).
Published 05 Aug, 2007 12:00am
THE RUPEE: minor changes in currency market

THE RUPEE: minor changes in currency market

The rupee did not move any side against the dollar in the inter bank market on at the weekend at 60.39 and 60.40 for buying and selling, respectively.
Published 05 Aug, 2007 12:00am
THE RUPEE: minor changes in currency market

THE RUPEE: minor changes in currency market

The rupee did not move any side against the dollar in the inter bank market on at the weekend at 60.39 and 60.40 for buying and selling, respectively.
Published 05 Aug, 2007 12:00am
KKI closing rates of currency notes

KKI closing rates of currency notes

Khanani & Kalia International (Pvt) Limited Closing Rates of currency notes on Saturday (August 04, 2007).
Published 05 Aug, 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 Saturday (August 04, 2007).
Published 05 Aug, 2007 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Saturday (August 04, 2007).
Published 05 Aug, 2007 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Saturday (August 04, 2007).
Published 05 Aug, 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 (August 04, 2007).
Published 05 Aug, 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 (August 04, 2007).
Published 05 Aug, 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 (August 04, 2007).
Published 05 Aug, 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 (August 04, 2007).
Published 05 Aug, 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 05 Aug, 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 05 Aug, 2007 12:00am
India may have just 1,500 tigers, say wildlife experts

India may have just 1,500 tigers, say wildlife experts

India may have just 1,300 to 1,500 tigers left - less than half of the number believed to exist five years ago - conservationists say. The final results of a state-by-state census are expected in December but at a conservation meeting during the week, a n
Published 05 Aug, 2007 12:00am
'Bird flu epidemic stabilises'

'Bird flu epidemic stabilises'

The bird flu epidemic appears to have stabilised as far as humans go but several developing nations have not been able to stem its spread amongst poultry and domesticated birds, experts said Friday.
Published 05 Aug, 2007 12:00am
Two children missing in Japan typhoon

Two children missing in Japan typhoon

Two children were missing Saturday after a typhoon that has battered Japan for two days cut across the northern tip of the main island of Honshu and swerved into the Pacific Ocean, officials said.
Published 05 Aug, 2007 12:00am
Pledges, reality diverge for Asean

Pledges, reality diverge for Asean

Foreign ministers said all the right things this week about human rights and cooperation in Southeast Asia, but analysts warn the gap is large between their promises and the reality ahead.
Published 05 Aug, 2007 12:00am
Iraq summit seen key to solving political crisis

Iraq summit seen key to solving political crisis

A planned summit of Iraq's political leaders will be "the moment of truth" for chances of a powersharing deal between Iraq's bitterly divided sects, a Western diplomat said on Saturday.
Published 05 Aug, 2007 12:00am
Bush vows help to repair downed bridge

Bush vows help to repair downed bridge

US President George W. Bush on Saturday expressed sorrow at the loss of life when an eight-lane bridge collapsed into the Mississippi River and vowed to help rebuild it as quickly as possible.
Published 05 Aug, 2007 12:00am
Iran arrests major drug dealer

Iran arrests major drug dealer

Iran has arrested a major international drug trafficker, state television reported on Saturday, saying he had smuggled dozens of tonnes of narcotics into the Islamic state each year.
Published 05 Aug, 2007 12:00am
South Korean families visit mosque for help over hostages

South Korean families visit mosque for help over hostages

The families of 21 South Koreans held by Afghanistan's Taliban for more than two weeks on Saturday visited an Islamic mosque in Seoul to appeal to Muslims to help free the hostages. The family group, some of whom are Christians, delivered a letter to the
Published 05 Aug, 2007 12:00am
Olmert and Abbas to try to narrow differences by November

Olmert and Abbas to try to narrow differences by November

The United States is pressing Israeli and Palestinian leaders to find common ground on some key issues within four months, in time for a conference on creating a Palestinian state, officials said on Saturday.
Published 05 Aug, 2007 12:00am
Ahmadinejad says Iran won't give up nuclear plans

Ahmadinejad says Iran won't give up nuclear plans

Iran will not give up its atomic energy programme, President Mahmoud Ahmadinejad said in remarks published on Saturday before a visit to fellow Opec-member Algeria. "Iran has not demanded more than its right to nuclear energy. We are not ready to give up
Published 05 Aug, 2007 12:00am
'US economy stronger in second half'

'US economy stronger in second half'

US economic growth should be stronger in the second half of the year than it was in the first, although the second quarter is likely to mark the strongest spot, a US Treasury Department official said on Friday.
Published 05 Aug, 2007 12:00am
Eurogroup chair sees no need for euro intervention

Eurogroup chair sees no need for euro intervention

There is no need to intervene against the strong euro, the Chairman of finance ministers of the eurozone Jean-Claude Juncker said on Friday, snubbing French calls for a weaker single currency to help exports.
Published 05 Aug, 2007 12:00am
China blacklists firms exporting poor quality goods

China blacklists firms exporting poor quality goods

China has established a blacklist of companies that have violated rules on the quality of exports, the commerce ministry said Saturday amid growing global concern about the safety of China-made goods.
Published 05 Aug, 2007 12:00am
Washington Post profit falls

Washington Post profit falls

Washington Post Co posted a 13 percent fall in quarterly profit on Friday, but its shares rose 5 percent as slower US jobs growth was expected to boost demand for its Kaplan educational business.
Published 05 Aug, 2007 12:00am
Washington Post profit falls

Washington Post profit falls

Washington Post Co posted a 13 percent fall in quarterly profit on Friday, but its shares rose 5 percent as slower US jobs growth was expected to boost demand for its Kaplan educational business.
Published 05 Aug, 2007 12:00am
Libya economy committee backs free market reforms

Libya economy committee backs free market reforms

Libya said on Saturday it was looking at relaxing restrictions on foreign and domestic trade, part of investor-friendly reforms which long-time leader Muammar Gaddafi has said are inevitable in the modern world.
Published 05 Aug, 2007 12:00am
Opec shares US worry over danger zone oil price

Opec shares US worry over danger zone oil price

Oil at an all-time high near $80 a barrel has pushed top fuel consumer the United States into the economic danger zone - and Opec, too, is concerned. The 12 exporters are keeping a lid on supply for now given ample stocks of crude world-wide, but if price
Published 05 Aug, 2007 12:00am
Subprime not seen halting Europe's economy

Subprime not seen halting Europe's economy

Even if the credit boom ends and financial markets can no longer count on a cheap, plentiful supply of funding, Europe's economy looks set to continue performing strongly. The view of most economists is that consumption, investment and production should n
Published 05 Aug, 2007 12:00am
Canada all 2007-08 budgets in the black

Canada all 2007-08 budgets in the black

The federal government and all of Canada's provinces will post budget surpluses this year, overcoming hurdles like the US economic slowdown, a strong currency and higher interest rates, CIBC World Markets forecast on Friday.
Published 05 Aug, 2007 12:00am
Ban on livestock exports likely

Ban on livestock exports likely

The European Union is to ban British livestock and meat exports after the discovery of a case of foot and mouth disease in south-east England, government minister Ed Miliband told the BBC Saturday.
Published 05 Aug, 2007 12:00am
British Prime Minister to tackle foot and mouth emergency

British Prime Minister to tackle foot and mouth emergency

Britain moved swiftly on Saturday to prevent the spread of foot and mouth disease after the first case since 2001 appeared on a farm in southern England, prompting fears of mass slaughter and devastation to tourism and farming.
Published 05 Aug, 2007 12:00am
Chinese-Sudanese group to build railway

Chinese-Sudanese group to build railway

A Chinese-Sudanese consortium has won a contract to build a 620-million-dollar railway through southern Mauritania that will facilitate phosphate mining, the country's AMI news agency reported Saturday.
Published 05 Aug, 2007 12:00am
Zoellick arrives in Cambodia for talks on corruption

Zoellick arrives in Cambodia for talks on corruption

World Bank president Robert Zoellick arrived in Cambodia on Saturday for talks expected to focus on nation-wide corruption and bank-supported projects hit by graft scandals. Zoellick, who took office in July, is to meet with Cambodian Prime Minister Hun S
Published 05 Aug, 2007 12:00am
ADB to raise Asia economic outlook

ADB to raise Asia economic outlook

The Asian Development Bank (ADB) said on Wednesday high oil prices have yet to dent economic growth in Asia and it would be raising its economic growth forecast for the region.
Published 05 Aug, 2007 12:00am
MGE spring wheat futures higher

MGE spring wheat futures higher

Spring wheat futures on the Minneapolis Grain Exchange settled higher on Friday, following as the Chicago and Kansas City markets rose on export optimism amid tight world supplies, traders said.
Published 05 Aug, 2007 12:00am
US copper settles at one-month low

US copper settles at one-month low

US copper futures settled at a one-month low on Friday as investors liquidated holdings in the industrial metal after economic data raised concerns of a growth slowdown in the world's largest economy, analysts said.
Published 05 Aug, 2007 12:00am
Indian sugar futures rise

Indian sugar futures rise

Indian sugar futures rose on Friday on short covering after four straight sessions of losses. However, the gains are likely to be short lived in the absence of fresh market triggers, analysts said. At 1.55 pm (0825 GMT) the August contract was up 0.32 per
Published 05 Aug, 2007 12:00am
CBoT rice down

CBoT rice down

Chicago Board of Trade rough rice fell on Friday as the market continued to setback from Wednesday's rally when it hit a seven-week top, traders said. Technical selling escalated late when sell-stop orders were hit in September around $10.50 and in Novemb
Published 05 Aug, 2007 12:00am
New York sugar ends steady

New York sugar ends steady

Raw sugar futures were virtually unchanged in trade on Friday and the market may drift all the way into the end of this week's business, brokers said.
Published 05 Aug, 2007 12:00am
Soyabeans close firm amid weather uncertainty

Soyabeans close firm amid weather uncertainty

Soyabean futures on the Chicago Board of Trade closer higher on Friday amid weather uncertainty and slipover strength from the soyameal market, traders said.
Published 05 Aug, 2007 12:00am
US gold futures up

US gold futures up

A sharply lower dollar after a weaker-than-expected jobs report and preweekend buying drove US gold futures to a one-week high on Friday, but central bank gold sales could put a damper on the rally, traders said.
Published 05 Aug, 2007 12:00am
Australian wool indicator up

Australian wool indicator up

The Australian Wool Exchange (AWEX) said its eastern market indicator (EMI) rose 6 cents to 874c a kg clean at sales on Thursday. AWEX said its northern indicator at sales in Sydney rose 6 cents to 894c/kg, the southern indicator at sales in Melbourne ros
Published 05 Aug, 2007 12:00am
US cocoa falls to seven-week low

US cocoa falls to seven-week low

US cocoa ended at a seven-week low on Friday, after a choppy session on continued fund liquidation, traders said. "With the (September) option expiry today, some people were trying to defend $1,900, so they didn't get stuck with being short the market und
Published 05 Aug, 2007 12:00am
New York oil hits record high

New York oil hits record high

The price of New York oil surged last week to a historic peak above 78 dollars per barrel, propelled by falling crude reserves in key energy consumer the United States, analysts said.
Published 05 Aug, 2007 12:00am
WCE canola futures edge lower

WCE canola futures edge lower

Winnipeg Commodity Exchange canola futures settled mainly lower on Friday in routine trade with position-evening a feature ahead of market holiday on Monday, traders said. Canola ended $1.90 per tonne lower to $3.50 per tonne higher, with November down 60
Published 05 Aug, 2007 12:00am
Oil cake market rates

Oil cake market rates

Modest trading was seen on the cottonseed oilcake market on Saturday as higher trend in the prices kept them on the sidelines, dealers said. The December vaida was unchanged at Rs 502.00 and market closed at the same rate, they said.
Published 05 Aug, 2007 12:00am
Cotton prices remain range-bound in active trade

Cotton prices remain range-bound in active trade

Active trading was seen on the cotton market on Saturday as most of the mills covered the near-term needs, dealers said. The Karachi Cotton Association (KCA) official spot rate maintained its overnight levels at Rs 3000, they added. In the ready business
Published 05 Aug, 2007 12:00am
Masoor, grams and sugar lower on grain market

Masoor, grams and sugar lower on grain market

Downward trend was seen on the grain market on Saturday as leading buyers were on the sidelines in the process of trading, dealers said. On the cereal side masoor Canada lost Rs 200 to Rs 3900. Wheat old and new with Bardana shed Rs 5 to Rs 1260 and 1275,
Published 05 Aug, 2007 12:00am
US Midwest corn and soyabean bids fall

US Midwest corn and soyabean bids fall

Spot basis bids for corn and soyabeans fell at river terminals around the US Midwest on Friday as rising shipping costs left grain dealers with less money to offer farmers for their crops.
Published 05 Aug, 2007 12:00am
Singapore bunker fuel prices rebound

Singapore bunker fuel prices rebound

Singapore bunker prices rebounded on Friday, but the differential to cargo values stayed in deep discounts on thin demand. The discount was widened as suppliers, who are seen taking positions that first-half August is stronger than the second half, slashe
Published 05 Aug, 2007 12:00am
Brazilian sugar vessels lineup falls

Brazilian sugar vessels lineup falls

The lineup of vessels waiting to load sugar in Brazilian ports fell to 39 ships, from 46 last week, shipping agent Williams said on Thursday. In a weekly report, Williams said 32 vessels were lined up in the southern port of Santos, compared with 38 last
Published 05 Aug, 2007 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 104,680 tonnes cargo including 82,887 tonnes import, 21,793 tonnes export cargo and 2,685 containers (TEUs) during last 24 hours ending at 0700 hours on Saturday.
Published 05 Aug, 2007 12:00am
CBoT wheat buoyed by European rally

CBoT wheat buoyed by European rally

Wheat futures on the Chicago Board of Trade closed mostly higher on Friday, following strength in European wheat markets amid global supply concerns, traders said. In Paris, milling wheat futures rose on harvest delays due to more rain in northern France,
Published 05 Aug, 2007 12:00am
Dry freight rates up on emerging Asian demand

Dry freight rates up on emerging Asian demand

Dry freight rates for major Asian routes reversed a 2-week slide, rebounding as Asian utility demand and slow to ease congestions at key coal terminals in Australia kept tonnage supply tight.
Published 05 Aug, 2007 12:00am
IMM speculators trim bets versus dollar

IMM speculators trim bets versus dollar

Currency speculators cut their bets against the dollar for the first time since mid June and slashed their bets against the low-yielding yen and Swiss franc, data from the Commodity Futures Trading Commission showed on Friday.
Published 05 Aug, 2007 12:00am
Peru bank leaves key rate at 4.75 percent

Peru bank leaves key rate at 4.75 percent

Peru's central bank on Thursday kept its benchmark interest rate unchanged at 4.75 percent, after raising it in July in a surprise move to tame inflation. Eleven economists polled by Reuters had unanimously forecast the rate would be held steady.
Published 05 Aug, 2007 12:00am
US investors look to Fed for clues on credit

US investors look to Fed for clues on credit

Currency traders will likely focus next week on the Federal Reserve's statement following its policy meeting on Tuesday, looking for signs the central bank's concern about inflation has changed due to concerns about credit quality in US markets.
Published 05 Aug, 2007 12:00am