News Archives for Print - 2007-03-21

KKI closing rates of currency notes

Khanani & Kalia International (Pvt) Limited Closing Rates of currency notes on Tuesday (March 20, 2007).

Published 21 Mar, 2007 12:00am

Four children among 46 killed as Uzbeks, tribesmen clash

Uzbek al Qaeda militants and tribesmen fought pitched battles that left at least 46 people dead including four children, officials said on Tuesday. Heavy exchanges of rocket and mortar fire rang out for a second day around Kalusha town in South Waziristan

Published 21 Mar, 2007 12:00am

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Tuesday (March 20, 2007).

Published 21 Mar, 2007 12:00am

Four children among 46 killed as Uzbeks, tribesmen clash

Uzbek al Qaeda militants and tribesmen fought pitched battles that left at least 46 people dead including four children, officials said on Tuesday. Heavy exchanges of rocket and mortar fire rang out for a second day around Kalusha town in South Waziristan

Published 21 Mar, 2007 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 21 Mar, 2007 12:00am

CDWP approves 28 items; 17 schemes sent to Ecnec

The Central Development Working Party (CDWP) has approved 28 development schemes costing Rs 5.5 billion and forwarded 17 projects valuing Rs 76.7 billion to the Executive Committee of the National Economic Council (Ecnec) for approval.

Published 21 Mar, 2007 12:00am

Open market rates of foreign currencies

Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Tuesday (March 20, 2007).

Published 21 Mar, 2007 12:00am

CDWP approves 28 items; 17 schemes sent to Ecnec

The Central Development Working Party (CDWP) has approved 28 development schemes costing Rs 5.5 billion and forwarded 17 projects valuing Rs 76.7 billion to the Executive Committee of the National Economic Council (Ecnec) for approval.

Published 21 Mar, 2007 12:00am

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Tuesday (March 20, 2007).

Published 21 Mar, 2007 12:00am

CDWP approves 28 items; 17 schemes sent to Ecnec

The Central Development Working Party (CDWP) has approved 28 development schemes costing Rs 5.5 billion and forwarded 17 projects valuing Rs 76.7 billion to the Executive Committee of the National Economic Council (Ecnec) for approval.

Published 21 Mar, 2007 12:00am

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Tuesday (March 20, 2007).

Published 21 Mar, 2007 12:00am

BRIndex30 gains 325.55 points

On Tuesday, BRIndex30 opened at 11,941.00. It saw intra day high of 12,266.55 and recorded low of the day at 11,941.00. It closed at 12,266.55 with a net positive change of 325.55 points or 2.73 percent. The volume of BRIndex30 was 117,962,700, which was

Published 21 Mar, 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 Tuesday (March 20, 2007).

Published 21 Mar, 2007 12:00am

BRIndex30 gains 325.55 points

On Tuesday, BRIndex30 opened at 11,941.00. It saw intra day high of 12,266.55 and recorded low of the day at 11,941.00. It closed at 12,266.55 with a net positive change of 325.55 points or 2.73 percent. The volume of BRIndex30 was 117,962,700, which was

Published 21 Mar, 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 Tuesday (March 20, 2007).

Published 21 Mar, 2007 12:00am

KSE-100 index gains 190.06 points

The extension in implementation of Client Level Netting (CLN) in futures deliverable contracts for another 30 days, coupled with investors'' confidence over the prevailing political situation in the country invited fresh buying, especially in banking, cem

Published 21 Mar, 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 Tuesday (March 20, 2007).

Published 21 Mar, 2007 12:00am

KSE-100 index gains 190.06 points

The extension in implementation of Client Level Netting (CLN) in futures deliverable contracts for another 30 days, coupled with investors' confidence over the prevailing political situation in the country invited fresh buying, especially in banking, ceme

Published 21 Mar, 2007 12:00am

Interest rates on old and incremental FCY deposits

Interest rates on old and incremental FCY deposits on Tuesday (March 20, 2007).

Published 21 Mar, 2007 12:00am

KSE-100 index gains 190.06 points

The extension in implementation of Client Level Netting (CLN) in futures deliverable contracts for another 30 days, coupled with investors' confidence over the prevailing political situation in the country invited fresh buying, especially in banking, ceme

Published 21 Mar, 2007 12:00am

LIBOR calculating interest on US dollar

London Interbank Offer Rates on for calculating interest on special US dollar on Tuesday (March 20, 2007).

Published 21 Mar, 2007 12:00am

Local tractors'' prices to be deregulated despite Minfal''s opposition

The federal government has agreed to deregulate prices of locally manufactured agriculture tractors despite strong opposition by the Ministry of Food, Agriculture and Livestock (Minfal), well-placed sources told Business Recorder.

Published 21 Mar, 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 Tuesday (March 20, 2007).

Published 21 Mar, 2007 12:00am

Local tractors' prices to be deregulated despite Minfal's opposition

The federal government has agreed to deregulate prices of locally manufactured agriculture tractors despite strong opposition by the Ministry of Food, Agriculture and Livestock (Minfal), well-placed sources told Business Recorder.

Published 21 Mar, 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 Tuesday (March 20, 2007).

Published 21 Mar, 2007 12:00am

Local tractors' prices to be deregulated despite Minfal's opposition

The federal government has agreed to deregulate prices of locally manufactured agriculture tractors despite strong opposition by the Ministry of Food, Agriculture and Livestock (Minfal), well-placed sources told Business Recorder.

Published 21 Mar, 2007 12:00am

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Tuesday (March 20, 2007).

Published 21 Mar, 2007 12:00am

SBP issues revised criteria for Islamic banks ''Shariah Advisers''

The State Bank of Pakistan has issued the criteria for appointment of ''Shariah Advisers'' and made it obligatory for banks to ensure that ''advisers'' hold minimum Shahadat ul Aalmia degree, or postgraduate degree in Islamic Jurisprudence/Usooluddin, or

Published 21 Mar, 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 21 Mar, 2007 12:00am

SBP issues revised criteria for Islamic banks 'Shariah Advisers'

The State Bank of Pakistan has issued the criteria for appointment of 'Shariah Advisers' and made it obligatory for banks to ensure that 'advisers' hold minimum Shahadat ul Aalmia degree, or postgraduate degree in Islamic Jurisprudence/Usooluddin, or equi

Published 21 Mar, 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 21 Mar, 2007 12:00am

SBP issues revised criteria for Islamic banks 'Shariah Advisers'

The State Bank of Pakistan has issued the criteria for appointment of 'Shariah Advisers' and made it obligatory for banks to ensure that 'advisers' hold minimum Shahadat ul Aalmia degree, or postgraduate degree in Islamic Jurisprudence/Usooluddin, or equi

Published 21 Mar, 2007 12:00am

Karachi interbank rates

Karachi interbank rates on Tuesday (March 20, 2007).

Published 21 Mar, 2007 12:00am

Ghee wholesale price rises to Rs 80 per kg

Ghee prices have gone up by Rs 55 per 16 kg tin at the wholesale level, pushing its retail rates to Rs 80 per kg. The new price of a 16 kg tin on Tuesday was Rs 1100, against Rs 1045 of last week.

Published 21 Mar, 2007 12:00am

Aaj TV - Wednesday's schedule

All timings are in PST (Pakistan Standard Time).

Published 21 Mar, 2007 12:00am

Ghee wholesale price rises to Rs 80 per kg

Ghee prices have gone up by Rs 55 per 16 kg tin at the wholesale level, pushing its retail rates to Rs 80 per kg. The new price of a 16 kg tin on Tuesday was Rs 1100, against Rs 1045 of last week.

Published 21 Mar, 2007 12:00am

Discover world class infrastructure

Pakistan Textile City Limited is a company registered under the Companies Ordinance 1984. It is a public/ private partnership with recently enhanced authorised capital of Rs 2.2 billion and a current paid up capital of Rs 1.1 billion. The authorised capit

Published 21 Mar, 2007 12:00am

Ghee wholesale price rises to Rs 80 per kg

Ghee prices have gone up by Rs 55 per 16 kg tin at the wholesale level, pushing its retail rates to Rs 80 per kg. The new price of a 16 kg tin on Tuesday was Rs 1100, against Rs 1045 of last week.

Published 21 Mar, 2007 12:00am

Message from Chief Executive Officer Pakistan Textile City Limited

The concept of Textile City is to develop an exclusive industrial estate dedicated to value added textile products. Installation of necessary infrastructure with guaranteed continuous supply of sufficient industrial quality water and stable electricity fa

Published 21 Mar, 2007 12:00am

Balochistan to have second seaport in Sonmiani: Musharraf inaugurates Gwadar Port

Pakistan''s third modern port at Gwadar started operation after its formal inauguration by President Pervez Musharraf at an impressive ceremony here on Tuesday. The port operation commenced with the unloading of cargo from three ships, which had anchored

Published 21 Mar, 2007 12:00am

Message from Vice Chairman Pakistan Textile City Limited

Pakistan Textile City will offer world class infrastructure and facilities for the value added textile industry in an integrated environment to meet the challenges of the post WTO era. This will enhance Pakistan's exports and foreign exchange earnings and

Published 21 Mar, 2007 12:00am

Balochistan to have second seaport in Sonmiani: Musharraf inaugurates Gwadar Port

Pakistan's third modern port at Gwadar started operation after its formal inauguration by President Pervez Musharraf at an impressive ceremony here on Tuesday. The port operation commenced with the unloading of cargo from three ships, which had anchored e

Published 21 Mar, 2007 12:00am

Message from Chairman Pakistan Textile City Limited

It gives me immense pleasure in penning the words on the significant occasion of ground breaking ceremony of Pakistan Textile City Limited [PTCL].

Published 21 Mar, 2007 12:00am

Balochistan to have second seaport in Sonmiani: Musharraf inaugurates Gwadar Port

Pakistan's third modern port at Gwadar started operation after its formal inauguration by President Pervez Musharraf at an impressive ceremony here on Tuesday. The port operation commenced with the unloading of cargo from three ships, which had anchored e

Published 21 Mar, 2007 12:00am

Message from Minister for Textile Industry

On the auspicious occasion of the ground breaking ceremony of the Pakistan Textile City, I am delighted to state that this is the first project of its kind in Pakistan which would help to augment our value-added textile exports and upgrade our production

Published 21 Mar, 2007 12:00am

Deputy attorney general quits: Justice Bhagwandas due today

Senior most judge of the Supreme Court Justice Rana Bhagwandas will return home today (Wednesday) from New Delhi. According to sources, Justice Rana Bhagwandas will fly into Pakistan on PIA Delhi-Karachi flight PK273. According to sources, his seat has be

Published 21 Mar, 2007 12:00am

Message from Governor of Sindh

I am glad to express that Government of Sindh has been striving hard to contribute a lot for country's Textile Industry. We are especially proud of the fact that Textile City is the only industrial estate of Sindh being sponsored by public / private partn

Published 21 Mar, 2007 12:00am

Deputy attorney general quits: Justice Bhagwandas due today

Senior most judge of the Supreme Court Justice Rana Bhagwandas will return home today (Wednesday) from New Delhi. According to sources, Justice Rana Bhagwandas will fly into Pakistan on PIA Delhi-Karachi flight PK273. According to sources, his seat has be

Published 21 Mar, 2007 12:00am

Message from Chief Minister of Sindh

I am pleased to know that Pakistan Textile City Limited, is launching its project in the Eastern Industrial Zone of Port Qasim Karachi. The project offers investors the facility to set up textile manufacturing plants in an integrated city and also aims to

Published 21 Mar, 2007 12:00am

SJC hearing adjourned to April 3

The Supreme Judicial Council adjourned hearing of the application filed by Justice Iftikhar Mohammad Chaudhry in the reference against him to April 3, 2007, Acting Registrar/Secretary, Supreme Judicial Council, said in a press release issued here on Tuesd

Published 21 Mar, 2007 12:00am

Message from Prime Minister of Islamic Republic of Pakistan

It gives me great pleasure in congratulating the Ministry of Textile Industry on the ground breaking ceremony of Pakistan Textile City, Karachi. The project aims at adding value to our textile export profile in the world with state-of-the-art infrastructu

Published 21 Mar, 2007 12:00am

SJC hearing adjourned to April 3

The Supreme Judicial Council adjourned hearing of the application filed by Justice Iftikhar Mohammad Chaudhry in the reference against him to April 3, 2007, Acting Registrar/Secretary, Supreme Judicial Council, said in a press release issued here on Tuesd

Published 21 Mar, 2007 12:00am

Message from President of Islamic Republic of Pakistan

It is heartening to note that the ground-breaking ceremony of Pakistan Textile City Project is taking place today. It is also very satisfying to learn that the city which will be the first of its kind in the country is being set up through private-public

Published 21 Mar, 2007 12:00am

South Africa win: Kenya 166-7 after 43 overs

South Africa booked their place in the World Cup Super Eights with a 7-wicket win over Scotland on Tuesday. Scotland made 186-8 in 50 overs South Africa were 188-3 in 23.2 overs.

Published 21 Mar, 2007 12:00am

Kenyan coffee prices jump

A tiny lot of Kenyan AB coffee fetched $954 per 50-kg bag, the highest price for the speciality beans in nine years, industry officials said on Tuesday.

Published 21 Mar, 2007 12:00am

South Africa win: Kenya 166-7 after 43 overs

South Africa booked their place in the World Cup Super Eights with a 7-wicket win over Scotland on Tuesday. Scotland made 186-8 in 50 overs South Africa were 188-3 in 23.2 overs.

Published 21 Mar, 2007 12:00am

Singapore bunker fuel prices firm

Singapore bunker prices firmed on Tuesday, although spot volumes traded were low, traders said. "There was a lot of spot demand today, but the volumes were small. Vessel operators are buying just enough fuel to last them to the next port," a Singapore bun

Published 21 Mar, 2007 12:00am

Saddam vice president hanged; two newsmen killed

Saddam Hussein's former vice president was hanged for crimes against humanity early on Tuesday, the fourth anniversary of the US-led invasion that toppled Saddam Hussein from power.

Published 21 Mar, 2007 12:00am

Activity at Karachi and Qasim ports

The Karachi Port handled 92,668 tonnes cargo including 53,502 tonnes import, 39,166` tonnes export cargo and 2,909 containers during last 24 hours ending at 0700 hours on Tuesday.

Published 21 Mar, 2007 12:00am

Saddam vice president hanged; two newsmen killed

Saddam Hussein's former vice president was hanged for crimes against humanity early on Tuesday, the fourth anniversary of the US-led invasion that toppled Saddam Hussein from power.

Published 21 Mar, 2007 12:00am

Ukraine sunoil firm boosts output, sees high sales

Ukraine's leading sunflower oil company, Zernotorgovaya Allseeds Ukraina, said on Tuesday it had boosted sunoil output by 17 percent to 149,826 tonnes so far in the 2006/07 season.

Published 21 Mar, 2007 12:00am

Textile export crosses $7 billion mark

Country''s textile export witnessed a straight jump of 6 percent during the first eight months of the current fiscal year 2006-07, as it crossed the $7 billion mark, official statistics revealed on Tuesday.

Published 21 Mar, 2007 12:00am

FOB Gulf corn export premiums fall, soya steady

US FOB Gulf corn export premiums were softer on Monday as barge freight eased and export demand shifted to South America, traders said. Soyabean basis offers held steady and soft wheat export premiums rose after a sharp decline last week.

Published 21 Mar, 2007 12:00am

Textile export crosses $7 billion mark

Country's textile export witnessed a straight jump of 6 percent during the first eight months of the current fiscal year 2006-07, as it crossed the $7 billion mark, official statistics revealed on Tuesday.

Published 21 Mar, 2007 12:00am

US Plains HRW wheat bids firmer

US Plains hard red winter wheat basis bids were steady on Tuesday, with movement staying slow as farmers geared up for spring field work. Traders said demand from domestic millers was routine, with many of them well-covered and waiting for lower prices.

Published 21 Mar, 2007 12:00am

Textile export crosses $7 billion mark

Country's textile export witnessed a straight jump of 6 percent during the first eight months of the current fiscal year 2006-07, as it crossed the $7 billion mark, official statistics revealed on Tuesday.

Published 21 Mar, 2007 12:00am

US Midwest bids for corn and soyabean steady

Spot basis bids for corn and soyabeans were steady around the interior US Midwest on Monday but dealers along rivers raised their soyabean bids amid falling shipping costs. Declining barge freight allowed river dealers to raise their soyabean bids because

Published 21 Mar, 2007 12:00am

Russian sugar importers face heavy losses

Russian sugar importers risk heavy losses as their margins turn negative after a flood of shipments at the start of 2007, but the world's top buyer still needs substantial supplies from overseas.

Published 21 Mar, 2007 12:00am

CBOT corn futures mixed

Corn futures at the Chicago Board of Trade ended mixed on Monday, with weather jitters boosting new-crop months while liquidation of bull spreads buoyed the deferreds and pressured the nearbys, traders said.

Published 21 Mar, 2007 12:00am

CBOT wheat lower on weather

Soft red winter wheat futures at the Chicago Board of Trade closed lower on Monday as favourable US crop weather and a lack of export business triggered scattered speculative selling, traders said.

Published 21 Mar, 2007 12:00am

Oil cake market rates

The March vaida was unchanged while the May vaida was higher on the forward cottonseed oilcake market on Tuesday as most of the buyers were active to cover their immediate needs, dealers said.

Published 21 Mar, 2007 12:00am

Active trading despite high prices on cotton market

Active trading was seen on the cotton market on Tuesday as most of the spinners continued buying despite the higher trend prices, dealers said. The Karachi Cotton Association (KCA) official spot was unchanged at Rs 2600, without upcountry expenses.

Published 21 Mar, 2007 12:00am

Chemicals mixed on Jodia Bazar

The trading on chemicals showed mixed trend on Jodia Bazar here on Tuesday.

Published 21 Mar, 2007 12:00am

Rapeseeds, til prices up on grain market

Activity picked up on the grain market on Tuesday as many players participated in forward buying in spite of higher prices, dealers said. On the seed side rapeseeds Nawabshah gained Rs 50 to Rs 850-860, rapeseeds Mirpurlane low type gained Rs 60 while bet

Published 21 Mar, 2007 12:00am

Asian crude: Japan buys Abu Dhabi, lifts sentiment

Middle East crude gained a lift on Tuesday after a Japanese refiner bought a May Abu Dhabi cargo, making a spot purchase for the first time in two months, traders said.

Published 21 Mar, 2007 12:00am

Manila plans to buy 200,000 tonnes of corn

The Philippines has set a tender for April 11 to buy up to 200,000 tonnes of yellow corn for June/July arrival, officials of the National Food Authority said on Tuesday. The specific origin of the corn was not set but officials said the grain's quality sh

Published 21 Mar, 2007 12:00am

New York coffee ends off mildly

US arabica coffee futures closed down mildly on Monday after speculative and local selling nudged prices to a fresh five-month low amid continued concerns of large supplies, dealers said. Light roaster buying prevented deeper losses, they said. "The marke

Published 21 Mar, 2007 12:00am

MGE wheat settles down

Hard red spring wheat futures on the Minneapolis Grain Exchange closed lower in thin trade on Monday, weighed by lower-than-expected export data and slipover weakness from the Chicago and Kansas City wheat markets, traders said.

Published 21 Mar, 2007 12:00am

New York cocoa slips

US cocoa futures contracts settled lower on Monday as speculators and funds played both sides of the market, which lacked direction and ignored the typically supportive firm sterling, dealers said.

Published 21 Mar, 2007 12:00am

US copper reverses losses

The price of copper in New York reasserted itself back above $3 a lb by the close of futures trade on Monday, rebounding from losses linked to fears an interest rate hike in China could slow demand from the world's no. 1 copper consumer, analysts said.

Published 21 Mar, 2007 12:00am

US gold futures up

US gold futures ended a tad higher on Monday despite lacking a definite direction, following solid gains in the previous two sessions, and analysts warned that investors could further liquidate their long positions. Other precious metal contracts also fol

Published 21 Mar, 2007 12:00am

Tokyo gold hits 2-1/2-week high

Tokyo gold futures reached a two-and-a-half-week high on Tuesday as strong gains in US and Japanese shares and this week's falls in the yen prompted investors to buy back the precious metal. Investors were also encouraged by bright Technicals in Tokyo Com

Published 21 Mar, 2007 12:00am

Gold extends gains

Gold extended gains on Tuesday as speculative buying persisted after the precious metal breached a key resistance of $650 ounce last week, and with gains in shares offering additional support. But trading was subdued as a two-day meeting of the US Federal

Published 21 Mar, 2007 12:00am

China rubber demand seen growing by double digits

China, the world's largest rubber consumer and importer, will continue to see double-digit annual growth in rubber consumption and imports through 2010, as strong growth in tyre exports outpaces moderate gains in domestic rubber output, a senior industry

Published 21 Mar, 2007 12:00am

Oil extends gains

Oil prices rallied on Tuesday, building on gains fuelled by fears that US gasoline stockpiles will continue to fall ahead of the peak summer demand season. US crude oil futures for May delivery gained 43 cents to 60.13 a barrel, while London Brent crude a

Published 21 Mar, 2007 12:00am

Shanghai copper gains

Shanghai copper prices climbed 1.74 percent on Tuesday, supported by expectations of rising consumption from China in coming months. The most-traded June contract on the Shanghai Futures Exchange rose to 61,360 yuan a tonne from 60,310 yuan at Monday's cl

Published 21 Mar, 2007 12:00am

Indonesian palm oil up

Indonesian palm oil prices were mostly higher on Tuesday, as refiners increased stocks against a backdrop of thin supplies, traders said. At the state marketing centre's tender in Jakarta, which sells palm oil from state plantation, crude palm oil traded

Published 21 Mar, 2007 12:00am

New York sugar mostly lower

Raw sugar futures settled mostly easier on Monday on speculative fund sales but trade and consumer buying pared those losses, with brokers saying the sweetener may deal in a band this week. Open-outcry New York Board of Trade May raw sugar ended off 0.04

Published 21 Mar, 2007 12:00am

Soyabeans end firm

Soyabean futures at the Chicago Board of Trade closed firm on Monday, with the new-crop months leading the market higher not just 2007 crops but 2008 as well, traders said. Bear spreading in both soyabeans and corn was a feature, traders said. "There was

Published 21 Mar, 2007 12:00am

CBOT rice ends firm

Chicago Board of Trade rough rice futures closed higher on Monday as the market continues its recovery from last week's fall to a 4-1/2 month low, traders said. Trade was exceptionally thin amid a lack of news, they added. March rice, which expires on Wed

Published 21 Mar, 2007 12:00am

Tocom rubber climbs at two-week high

Tokyo rubber futures climbed nearly 2 percent to a two-week high on Tuesday in an extension of the previous day's rally, with a rise in other commodities such as gold continuing to provide support. The benchmark Tokyo Commodity Exchange rubber contract fo

Published 21 Mar, 2007 12:00am

Malaysian palm oil up

Malaysian palm oil futures closed higher on Tuesday, driven by increase in soyabean oil prices on the Chicago Board of Trade. The benchmark third-month June contract on the Bursar Malaysia Derivatives Exchange finished up 7 ringgit at 1,977 ringgit ($566)

Published 21 Mar, 2007 12:00am

Malaysia to lose out without US trade deal: minister

Malaysia will fail to woo crucial investment from the United States and bolster exports to its biggest trading partner without a bilateral free trade deal, a top minister warned Tuesday.

Published 21 Mar, 2007 12:00am

In face of India land protest, POSCO says it will stay for now

South Korean steel giant POSCO said Tuesday it had no immediate plans to drop a planned 12-billion-dollar plant in India even as deadly protests against other projects cast doubt on their future.

Published 21 Mar, 2007 12:00am

Barclays, ABN aim for rapid take-over talks

British bank Barclays Plc and Dutch rival ABN Amro aim to agree a tie-up within 30 days, a source close to the matter said on Tuesday, as shares of both firms jumped on news of the take-over talks.

Published 21 Mar, 2007 12:00am

US homes picture mixed

The pace of US home construction rose a sharp 9 percent in February but permits for future building slid, according to data on Tuesday that shed little light on whether the housing market was stabilising.

Published 21 Mar, 2007 12:00am

US and EU face off at WTO in plane subsidy row

Washington and Brussels faced off on Tuesday at the World Trade Organisation (WTO) in a row over alleged illegal subsidies to big planemakers, the largest dispute ever to come before the global trade arbitrator.

Published 21 Mar, 2007 12:00am

BoJ keeps policy unchanged

The Bank of Japan kept interest rates unchanged on Tuesday as widely expected by markets, and analysts will scrutinise the central bank governor's remarks at a news conference later in the day for clues on the timing of the next rate rise.

Published 21 Mar, 2007 12:00am

'German remains in strong recovery'

Rising foreign demand has more than offset the negative impact of the strong euro on Germany's exporters and Europe's largest economy remains in a strong recovery, the Economy Ministry said on Tuesday. The global economy has begun 2007 in good form, the m

Published 21 Mar, 2007 12:00am

UK signals it won't block EU-US air pact: diplomats

Britain has signalled to its European Union partners it will accept a landmark pact with the United States to open transatlantic flights to greater competition, diplomats said on Tuesday.

Published 21 Mar, 2007 12:00am

Currency	Rate
USD PKR Interbank Selling / May 17	278.30
USD PKR Interbank Buying / May 17	278.10
USD to Japanese Yen / May 17	155.67
USD to Swiss Franc / May 17	0.91
Pound Sterling to USD / May 17	1.27
Euro to USD / May 17	1.09

Stock	Volume
S&P 500 / May 17	5303.27
India Sensex / May 17	73917.03
Tokyo Nikkei / May 17	38787.38
Nasdaq / May 17	16685.97
Hang Seng / May 17	19535.61
FTSE 100 / May 17	8420.26
Dow Jones / May 17	40003.59
Germany DAX 30 / May 17	18704.42

Item	Value
Crude Oil USD/Barrel / May 17	79.59
Karachi Cotton PKR/37.32 KG / May 17	19935
Gold 10 Grams PKR / May 17	210562
Gold Spot USD/Ounce / May 17	2386.18
Cotton US¢/pound / May 17	76.29
Petrol/Litre / May 18	273.10

Stock	Price
786 Invest Ltd / May 18 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 18 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 18 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 18 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 18 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 18 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 18 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 18 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 18 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 18 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 18 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 18 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 18 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 18 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 18 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 18 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 18 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 18 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 18 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 18 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 18 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 18 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 18 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 18 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 18 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 18 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 18 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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