News Archives for Print - 2006-05-25

Print - 2006-05-25

EFU Managed Growth Fund Rates

EFU Managed Growth Fund Rates on Wednesday (May 24, 2006).

Published 25 May, 2006 12:00am

LSE index up 114.06 points

Fresh buying in petroleum shares pushed equities in upward direction on the Lahore Stock Exchange (LSE) to close above 5,000 points level amid visible improvement in turnover.

Published 25 May, 2006 12:00am

EFU Managed Growth Fund Rates

EFU Managed Growth Fund Rates on Wednesday (May 24, 2006).

Published 25 May, 2006 12:00am

Supreme Court halts Pakistan Steel handling over till June 15

The Supreme Court on Wednesday froze the sell-off process of Pakistan Steel Mills up to June 15, and instructed its Chairman to continue its smooth functioning till further orders.

Published 25 May, 2006 12:00am

NJLI Sarmaya Growth Fund Rates

New Jubilee Life Insurance Sarmaya Growth Fund Rates on Wednesday (May 24, 2006).

Published 25 May, 2006 12:00am

Supreme Court halts Pakistan Steel handling over till June 15

The Supreme Court on Wednesday froze the sell-off process of Pakistan Steel Mills up to June 15, and instructed its Chairman to continue its smooth functioning till further orders.

Published 25 May, 2006 12:00am

NJLI Sarmaya Growth Fund Rates

New Jubilee Life Insurance Sarmaya Growth Fund Rates on Wednesday (May 24, 2006).

Published 25 May, 2006 12:00am

Supreme Court halts Pakistan Steel handling over till June 15

The Supreme Court on Wednesday froze the sell-off process of Pakistan Steel Mills up to June 15, and instructed its Chairman to continue its smooth functioning till further orders.

Published 25 May, 2006 12:00am

NJLI Sarmaya Growth Fund Rates

New Jubilee Life Insurance Sarmaya Growth Fund Rates on Wednesday (May 24, 2006).

Published 25 May, 2006 12:00am

Shaheen Air resumes operation after payment: Aero Asia planes stay grounded

While Aero Asia aircraft remained grounded for the third day on Wednesday, Shaheen Air International (SAI) was cleared by Civil Aviation Authority (CAA) to resume its domestic and international operations from 1500 hours.

Published 25 May, 2006 12:00am

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Wednesday (May 24, 2006).

Published 25 May, 2006 12:00am

Shaheen Air resumes operation after payment: Aero Asia planes stay grounded

Published 25 May, 2006 12:00am

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Wednesday (May 24, 2006).

Published 25 May, 2006 12:00am

Shaheen Air resumes operation after payment: Aero Asia planes stay grounded

Published 25 May, 2006 12:00am

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Wednesday (May 24, 2006).

Published 25 May, 2006 12:00am

BRIndex30 posts 138.36 points gain

The BRIndex30 opened in the positive zone on Wednesday with a gap of 13.99 points, and remained there for whole of the trading time. It closed at 11,869.24.

Published 25 May, 2006 12:00am

NJLI Managed Growth Fund Rates

New Jubilee Life Insurance Managed Growth Fund Rates on Wednesday (May 24, 2006).

Published 25 May, 2006 12:00am

BRIndex30 posts 138.36 points gain

The BRIndex30 opened in the positive zone on Wednesday with a gap of 13.99 points, and remained there for whole of the trading time. It closed at 11,869.24.

Published 25 May, 2006 12:00am

NJLI Managed Growth Fund Rates

New Jubilee Life Insurance Managed Growth Fund Rates on Wednesday (May 24, 2006).

Published 25 May, 2006 12:00am

Short-covering, OGDC rise boost share prices

Short-covering was order of KSE session on Wednesday and the index climbed sharply as companies, following the onslaught of the bears had became attractive, and gained substantially under the lead of banks and oil and gas shares.

Published 25 May, 2006 12:00am

NJLI Managed Growth Fund Rates

New Jubilee Life Insurance Managed Growth Fund Rates on Wednesday (May 24, 2006).

Published 25 May, 2006 12:00am

Short-covering, OGDC rise boost share prices

Published 25 May, 2006 12:00am

KKI closing rates of currency notes

Khanani & Kalia International (Pvt) Limited Closing Rates of currency notes on Wednesday (May 24, 2006).

Published 25 May, 2006 12:00am

Short-covering, OGDC rise boost share prices

Published 25 May, 2006 12:00am

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Wednesday (May 24, 2006).

Published 25 May, 2006 12:00am

NGOs and NPOs may be brought into tax net

The government is likely to bring the non-governmental organisations (NGOs) and non-profit organisations (NPOs) into the tax net in the coming budget.

Published 25 May, 2006 12:00am

Currency values in terms of Special Drawing Rights

The International Monetary Fund (IMF), treasuries' department's currency values in terms of Special Drawing Rights (SDR).

Published 25 May, 2006 12:00am

NGOs and NPOs may be brought into tax net

The government is likely to bring the non-governmental organisations (NGOs) and non-profit organisations (NPOs) into the tax net in the coming budget.

Published 25 May, 2006 12:00am

US treasuries bid yields

US treasuries bid yields on Wednesday (May 24, 2006).

Published 25 May, 2006 12:00am

NGOs and NPOs may be brought into tax net

The government is likely to bring the non-governmental organisations (NGOs) and non-profit organisations (NPOs) into the tax net in the coming budget.

Published 25 May, 2006 12:00am

US treasuries bid yields

US treasuries bid yields on Wednesday (May 24, 2006).

Published 25 May, 2006 12:00am

World Bank wants even-playing field for privatised banks

The World Bank (WB) has asked the government not to convey public sector related business to the privatised banks and let them start their operations on a level playing field.

Published 25 May, 2006 12:00am

US treasuries bid yields

US treasuries bid yields on Wednesday (May 24, 2006).

Published 25 May, 2006 12:00am

World Bank wants even-playing field for privatised banks

The World Bank (WB) has asked the government not to convey public sector related business to the privatised banks and let them start their operations on a level playing field.

Published 25 May, 2006 12:00am

US treasuries bid prices

US treasuries bid prices on Wednesday (May 24, 2006).

Published 25 May, 2006 12:00am

World Bank wants even-playing field for privatised banks

The World Bank (WB) has asked the government not to convey public sector related business to the privatised banks and let them start their operations on a level playing field.

Published 25 May, 2006 12:00am

US treasuries bid prices

US treasuries bid prices on Wednesday (May 24, 2006).

Published 25 May, 2006 12:00am

Orakzai sworn in NWFP governor

The newly appointed NWFP Governor Lieutenant General Ali Muhammad Jan Orakzai (Retd) was administered oath of his office in function held here Governor's House. The Chief Justice Peshawar High Court, Justice Tariq Pervez administered oath to him.

Published 25 May, 2006 12:00am

US treasuries bid prices

US treasuries bid prices on Wednesday (May 24, 2006).

Published 25 May, 2006 12:00am

Orakzai sworn in NWFP governor

Published 25 May, 2006 12:00am

Open market rates of foreign currencies

Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Wednesday (May 24, 2006).

Published 25 May, 2006 12:00am

Major power outage as grid station catches fire

Fire broke out in one of Karachi Electric Supply Corporation's (KESC) 11-KV Grid Stations on Wednesday morning due to overload, leaving quarter of the metropolis without electricity.

Published 25 May, 2006 12:00am

London Interbank Offered Rates

London Interbank Offered Rates (LIBOR) on Wednesday (May 24, 2006).

Published 25 May, 2006 12:00am

Osama enters Pakistan?

An American TV channel said that Osama bin Laden and his associates have entered into Pakistan border area of Kohistan, private TV channels reported on Wednesday.

Published 25 May, 2006 12:00am

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Wednesday (May 24, 2006).

Published 25 May, 2006 12:00am

Textile ministry for continuation of presumptive tax regime

The textile ministry has strongly opposed bringing presumptive tax into normal taxation regime, saying any such move will adversely affect Pakistan''s exports and make them uncompetitive in the international market.

Published 25 May, 2006 12:00am

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Wednesday (May 24, 2006).

Published 25 May, 2006 12:00am

Textile ministry for continuation of presumptive tax regime

The textile ministry has strongly opposed bringing presumptive tax into normal taxation regime, saying any such move will adversely affect Pakistan's exports and make them uncompetitive in the international market.

Published 25 May, 2006 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 Wednesday (May 24, 2006).

Published 25 May, 2006 12:00am

Textile ministry for continuation of presumptive tax regime

Published 25 May, 2006 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 Wednesday (May 24, 2006).

Published 25 May, 2006 12:00am

Cabinet gives go ahead for purchase of Awacs: end to loadshedding directed

The federal cabinet, which met here on Wednesday with Prime Minister Shaukat Aziz in the chair, approved the proposed purchase of the latest surveillance aircraft, Awacs, for Pakistan Air Force (PAF) from Sweden.

Published 25 May, 2006 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 Wednesday (May 24, 2006).

Published 25 May, 2006 12:00am

Cabinet gives go ahead for purchase of Awacs: end to loadshedding directed

Published 25 May, 2006 12:00am

Interest rates on old and incremental FCY deposits

Interest rates on old and incremental FCY deposits on Wednesday (May 24, 2006).

Published 25 May, 2006 12:00am

No breakthrough in Siachen talks

Fresh talks between India and Pakistan about the world's highest battleground ended without a breakthrough on Wednesday, with mapping the area still a major sticking point.

Published 25 May, 2006 12:00am

LIBOR calculating interest on US dollar

London Interbank Offer Rates on for calculating interest on special US dollar on Wednesday (May 24, 2006).

Published 25 May, 2006 12:00am

No breakthrough in Siachen talks

Fresh talks between India and Pakistan about the world's highest battleground ended without a breakthrough on Wednesday, with mapping the area still a major sticking point.

Published 25 May, 2006 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 Wednesday (May 24, 2006).

Published 25 May, 2006 12:00am

Musharraf stresses workable strategy to deal with disasters

President General Pervez Musharraf has emphasised the need for evolving a workable strategy based on an early warning system, preparedness, capability for mass mobilisation and comprehensive response to deal with natural disasters.

Published 25 May, 2006 12:00am

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Wednesday (May 24, 2006).

Published 25 May, 2006 12:00am

Musharraf stresses workable strategy to deal with disasters

Published 25 May, 2006 12:00am

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Wednesday (May 24, 2006).

Published 25 May, 2006 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 25 May, 2006 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 25 May, 2006 12:00am

Karachi interbank rates

Karachi interbank rates on Wednesday (May 24, 2006).

Published 25 May, 2006 12:00am

Aaj TV - Thursday's schedule

All timings are in PST (Pakistan Standard Time).

Published 25 May, 2006 12:00am

Singapore bunker fuel prices ease

Singapore bunker prices eased on Wednesday, but its premium to fuel oil cargo values inched up slightly, traders said. Prices for 380-centistoke (cst) bunker fuel were pegged at $336-$338 a tonne, down $2 from Tuesday's Asian close, with the differential

Published 25 May, 2006 12:00am

Activity at Karachi and Qasim ports

The Karachi Port handled 137,153 tonnes of cargo including 110,721 tonnes import, 26,432 tonnes export cargo and 4,313 containers during last 24 hours ending at 0700 hours on Wednesday.

Published 25 May, 2006 12:00am

Rio Tinto withdraws from Iranian gold mine project

Anglo-Australian miner Rio Tinto said on Wednesday it was pulling out of the Sari Gunay gold mining project in western Iran after deciding it was not commercially viable.

Published 25 May, 2006 12:00am

FOB Gulf corn and soyabean mostly steady

US FOB Gulf corn and soyabean basis offers were mostly steady on Tuesday, while soft red winter wheat lacked definition, traders said. Export demand for corn remains brisk with both Taiwan and South Korea buying US corn overnight for feed production. Isra

Published 25 May, 2006 12:00am

HRW wheat bids holding steady

Spot basis bids for hard red winter wheat in the US Plains were steady on Wednesday, with mills reportedly well-stocked through the summer. Protein premiums for railcar wheat to and through Kansas City did advance for 12 percent protein through 14-pro whe

Published 25 May, 2006 12:00am

US Midwest wheat bids fall sharply, corn and soya mixed

Spot basis bids for wheat fell sharply in the US Midwest on Wednesday because processors and elevators were well-supplied following heavy farmer selling in the past week.

Published 25 May, 2006 12:00am

Russian May-June wheat exports seen steady

Russia's grain exports in April dropped to 0.48 million tonnes from 0.77 million tonnes in March, mostly due to a decline in wheat shipments.

Published 25 May, 2006 12:00am

Indonesian coffee exports down

Exports of coffee beans from Indonesia's key growing region of Sumatra island fell 26.08 percent in the first four months of 2006 due to limited stocks, industry data showed on Wednesday.

Published 25 May, 2006 12:00am

Corn ends lower on technical sales

Corn futures on the Chicago Board of Trade closed lower on Tuesday on technical sales by commodity funds, traders said. Funds hold a huge net long position in CBOT corn, making it vulnerable to a technical correction.

Published 25 May, 2006 12:00am

CBOT wheat futures lower on profit-taking

Wheat futures at the Chicago Board of Trade closed lower on Tuesday on profit-taking after worries about the US Plains wheat crop lifted the market to fresh highs early in the session, traders said.

Published 25 May, 2006 12:00am

Oil cake market rates

The May vaida was unchanged while the July vaida was lower on the forward cottonseed oilcake market on Wednesday amid modest trading, dealers said. The May vaida did not move any side at Rs 519.50.

Published 25 May, 2006 12:00am

Cotton spot rate up by Rs 25 in thin business

The official spot rate went up despite the expectations of better crop for the 2006-07, dealers said. The official spot rate moved up by Rs 25 to Rs 2450, without upcountry expenses.

Published 25 May, 2006 12:00am

Masoor Canada down sharply on grain market

Falling trend persisted in the grain market on Wednesday amid low activity, dealers said. On the cereals side, Masoor Austria quoted lower at Rs 2500, Masoor Canada was sharply lower by Rs 150 to Rs 2700 and Masoor dal followed same trend and lost Rs 300

Published 25 May, 2006 12:00am

New York coffee futures close firm

Benchmark arabica coffee futures rose nearly 2 percent on Tuesday as speculators bought back their short positions amid a general rally in the commodity sector, market sources said.

Published 25 May, 2006 12:00am

New York cocoa slumps to one-month low

Cocoa futures fell for the third consecutive session on Tuesday to a one-month low, depressed by speculative selling and spread trading in line with softer bean values in London, market sources said.

Published 25 May, 2006 12:00am

MGE wheat settles mixed after contract highs

Spring wheat futures at the Minneapolis Grain Exchange closed mixed on Tuesday after a choppy session that saw prices rise to fresh contract highs in the day, traders said.

Published 25 May, 2006 12:00am

Kenyan tea prices mixed

Kenyan tea prices were mixed at this week's auction, with some grades easing because of dipping quality, traders said on Wednesday. Mombassa-based Africa Tea Brokers (ATB) said 120,586 packages were offered for sale, compared with 117,880 packages at last

Published 25 May, 2006 12:00am

Comex copper makes gains

US copper futures settled up over 12 percent on Tuesday in a session that featured two trading halts by the New York Mercantile Exchange (Nymex) when prices spiked to maximum daily limits as speculators bought heavily after a one-week shake-out, sources s

Published 25 May, 2006 12:00am

Precious metals rebound

Precious metals sprang back up on Tuesday as investors recommitted to buying commodities at more reasonable prices after last week's sobering declines on worries about economic growth and inflation.

Published 25 May, 2006 12:00am

Tokyo gold jumps over three percent

Tokyo gold futures jumped more than 3 percent on Wednesday as a rebound in the dollar-based spot price and a weaker yen prompted active short-covering following sharp falls in the last two sessions.

Published 25 May, 2006 12:00am

Gold drops one percent in Asia as dollar rises

Gold dropped more than 1 percent on Wednesday after the dollar rose against major currencies, but Japanese investors took advantage of a weak yen to buy back.

Published 25 May, 2006 12:00am

Indian wheat and soya rise

Indian wheat futures firmed on Wednesday as doubts persisted over delivery of delayed import shipments from Australia, while soya oil gained in line with global trends.

Published 25 May, 2006 12:00am

Malaysian tin up 3.5 percent

Malaysian tin rose nearly 3.5 percent on Wednesday, buoyed by a surge in London prices. Spot tin on the Kuala Lumpur Tin Market (KLTM) ended up $280 at $8,500 per tonne, after having hit a seven-week low the previous day. The price of tin on the London Me

Published 25 May, 2006 12:00am

Oil falls back toward $71 on expected US stock build

Oil prices lost steam on Wednesday ahead of weekly US inventory data and an international meeting on Iran's nuclear programme, falling back towards $71 and giving up some of Tuesday's commodity-driven rally.

Published 25 May, 2006 12:00am

Copper pauses after powerful rally in London

Copper took a pause on Wednesday, a day after it made an unprecedented one-day rally and led a broad-based rebound in industrial metals, as well as gold, oil and mining shares.

Published 25 May, 2006 12:00am

Vietnam rice firm

Vietnamese domestic rice prices firmed this week on thinning stocks, even though a small volume of fresh grain arrived from a Mekong delta new crop harvest, traders said on Wednesday.

Published 25 May, 2006 12:00am

New York sugar over one percent up

Sugar futures rose more than 1 percent in New York on Tuesday, following a rebound in most commodities, and traders predicted milder gains in the near term as output rises.

Published 25 May, 2006 12:00am

Soyabeans end higher, soyaoil rally supports

The Chicago Board of Trade soyabean market ended higher on Tuesday, lifted by strength in the soyaoil pit, traders said. "The only consistency today was in soyabeans and soyaoil. Soyaoil rallied in step with crude oil fuelled by bodiless demand," said Vic

Published 25 May, 2006 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 31	278.42
USD PKR Interbank Buying / May 31	278.22
USD to Japanese Yen / May 31	157.31
USD to Swiss Franc / May 31	0.90
Pound Sterling to USD / May 31	1.27
Euro to USD / May 31	1.08

Stock	Volume
S&P 500 / May 31	5277.51
India Sensex / May 31	73961.31
Tokyo Nikkei / May 31	38487.90
Nasdaq / May 31	16735.02
Hang Seng / May 31	18079.61
FTSE 100 / May 31	8275.38
Dow Jones / May 31	38686.32
Germany DAX 30 / May 31	18497.94

Item	Value
Crude Oil USD/Barrel / May 31	76.99
Karachi Cotton PKR/37.32 KG / May 31	19935
Gold 10 Grams PKR / May 31	207219
Gold Spot USD/Ounce / May 31	2327.33
Cotton US¢/pound / May 31	75.11
Petrol/Litre / Jun 2	268.36

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Jun 2 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Jun 2 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Jun 2 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Jun 2 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Jun 2 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Jun 2 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Jun 2 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Jun 2 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Jun 2 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Jun 2 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Jun 2 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Jun 2 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Jun 2 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Jun 2 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Jun 2 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Jun 2 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Jun 2 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Jun 2 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Jun 2 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Jun 2 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Jun 2 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Jun 2 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Jun 2 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Jun 2 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Jun 2 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Jun 2 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Jun 2 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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