News Archives for Print - 2004-01-24

Print - 2004-01-24

NJLI Mutual Fund Rates

New Jubile Life Insurance Mutual Fund Rates on Friday (January 23, 2004).

Published 24 Jan, 2004 12:00am

Hizb-e-Islami activist arrested

Indian occupation police have arrested a suspected freedom fighter in New Delhi with a cache of explosives days ahead of the Republic Day celebrations, a report said on Friday.

Published 24 Jan, 2004 12:00am

NJLI Mutual Fund Rates

New Jubile Life Insurance Mutual Fund Rates on Friday (January 23, 2004).

Published 24 Jan, 2004 12:00am

Hizb-e-Islami activist arrested

Indian occupation police have arrested a suspected freedom fighter in New Delhi with a cache of explosives days ahead of the Republic Day celebrations, a report said on Friday.

Published 24 Jan, 2004 12:00am

NJLI Mutual Fund Rates

New Jubile Life Insurance Mutual Fund Rates on Friday (January 23, 2004).

Published 24 Jan, 2004 12:00am

Export containers miss vessel due to slow movement

A number of export containers missed the vessel twice at Qasim International Container Terminal (QICT) on Wednesday and Friday last due to slow movement of export cargo inside the gates.

Published 24 Jan, 2004 12:00am

Pakistan Investment Bond: Secondary Market Yields

PIB secondary market yield rates on Friday (January 23, 2004).

Published 24 Jan, 2004 12:00am

Export containers miss vessel due to slow movement

A number of export containers missed the vessel twice at Qasim International Container Terminal (QICT) on Wednesday and Friday last due to slow movement of export cargo inside the gates.

Published 24 Jan, 2004 12:00am

Pakistan Investment Bond: Secondary Market Yields

PIB secondary market yield rates on Friday (January 23, 2004).

Published 24 Jan, 2004 12:00am

Operation against al Qaeda and Taleban: Musharraf rules out foreign troops deployment

President General Pervez Musharraf on Friday ruled out deployment of any foreign troops on its soil to carry out operations against al Qaeda and Taleban remnants, saying country's army was fully capable to do the job.

Published 24 Jan, 2004 12:00am

Pakistan Investment Bond: Secondary Market Yields

PIB secondary market yield rates on Friday (January 23, 2004).

Published 24 Jan, 2004 12:00am

Operation against al Qaeda and Taleban: Musharraf rules out foreign troops deployment

Published 24 Jan, 2004 12:00am

Treasury-Bills Secondary Market Yields

Treasury bills secondary market yields rate on Friday (January 23, 2004).

Published 24 Jan, 2004 12:00am

Dollar may need to weaken further: IMF economist

The International Monetary Fund's new chief economist said a further depreciation of the dollar may be necessary to help unwind imbalances in the global economy, according to excerpts of an interview published on Friday.

Published 24 Jan, 2004 12:00am

Treasury-Bills Secondary Market Yields

Treasury bills secondary market yields rate on Friday (January 23, 2004).

Published 24 Jan, 2004 12:00am

50 killed in Indian wedding hall fire

At least 50 people died on Friday when fire swept through a wedding hall, turning the building into an inferno, in the southern Indian state of Tamil Nadu, police said.

Published 24 Jan, 2004 12:00am

Treasury-Bills Secondary Market Yields

Treasury bills secondary market yields rate on Friday (January 23, 2004).

Published 24 Jan, 2004 12:00am

50 killed in Indian wedding hall fire

At least 50 people died on Friday when fire swept through a wedding hall, turning the building into an inferno, in the southern Indian state of Tamil Nadu, police said.

Published 24 Jan, 2004 12:00am

US treasuries bid yields

US treasuries bid yields on Friday (January 23, 2004).

Published 24 Jan, 2004 12:00am

Five killed in occupied Kashmir

Suspected freedom fighters killed four people, including a pro-India political worker in occupied Kashmir, while occupation troops shot dead a freedom fighter, occupation police said on Friday.

Published 24 Jan, 2004 12:00am

US treasuries bid yields

US treasuries bid yields on Friday (January 23, 2004).

Published 24 Jan, 2004 12:00am

Five killed in occupied Kashmir

Suspected freedom fighters killed four people, including a pro-India political worker in occupied Kashmir, while occupation troops shot dead a freedom fighter, occupation police said on Friday.

Published 24 Jan, 2004 12:00am

US treasuries bid yields

US treasuries bid yields on Friday (January 23, 2004).

Published 24 Jan, 2004 12:00am

KSE at par with world bourses: Fudda

Daily volume and values changed hands at the Karachi Stock Exchange (KSE) are at par with developed international stock markets because of strict regulatory measures, economic turnaround and good corporate governance.

Published 24 Jan, 2004 12:00am

US treasuries bid prices

US treasuries bid prices on Friday (January 23, 2004).

Published 24 Jan, 2004 12:00am

KSE at par with world bourses: Fudda

Published 24 Jan, 2004 12:00am

US treasuries bid prices

US treasuries bid prices on Friday (January 23, 2004).

Published 24 Jan, 2004 12:00am

India tests Prithvi missile

India on Friday tested a short-range nuclear-capable ballistic missile at a test range on the country's eastern coast, a defence source said.

Published 24 Jan, 2004 12:00am

US treasuries bid prices

US treasuries bid prices on Friday (January 23, 2004).

Published 24 Jan, 2004 12:00am

India tests Prithvi missile

India on Friday tested a short-range nuclear-capable ballistic missile at a test range on the country's eastern coast, a defence source said.

Published 24 Jan, 2004 12:00am

Open market rates of foreign currencies

Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Friday (January 23, 2004).

Published 24 Jan, 2004 12:00am

National Bank to provide insurance cover on remittance

The National Bank of Pakistan has decided to provide insurance cover to its customers who remit their money through it.

Published 24 Jan, 2004 12:00am

London Interbank Offered Rates

London Interbank Offered Rates (LIBOR) on Friday (January 23, 2004).

Published 24 Jan, 2004 12:00am

National Bank to provide insurance cover on remittance

The National Bank of Pakistan has decided to provide insurance cover to its customers who remit their money through it.

Published 24 Jan, 2004 12:00am

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (January 23, 2004).

Published 24 Jan, 2004 12:00am

MMA to table Hasba Act in NWFP Assembly

In what could be called a major step towards implementation of Shariah, the Muttahida Majlis-i-Amal-led (MMA) NWFP government has decided to table the much-talked about Hasba Act draft in the provincial assembly next week.

Published 24 Jan, 2004 12:00am

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (January 23, 2004).

Published 24 Jan, 2004 12:00am

Indian inflation hits 6.21 percent, nears ten-month high

India's inflation rate hit a 39-week high of 6.21 percent, fuelled mainly by higher prices of manufactured products and food items, government data showed Thursday.

Published 24 Jan, 2004 12:00am

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Friday (January 23, 2004).

Published 24 Jan, 2004 12:00am

Microsoft pumps $1 billion into UN computer aid

US software giant Microsoft said on Friday it would pump $1 billion of cash and software into a computer training programme it has set up with the United Nations Development Programme (UNDP).

Published 24 Jan, 2004 12:00am

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Friday (January 23, 2004).

Published 24 Jan, 2004 12:00am

Microsoft pumps $1 billion into UN computer aid

US software giant Microsoft said on Friday it would pump $1 billion of cash and software into a computer training programme it has set up with the United Nations Development Programme (UNDP).

Published 24 Jan, 2004 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 Friday (January 23, 2004).

Published 24 Jan, 2004 12:00am

German construction orders fall

German construction orders at medium-sized and large firms fell 7.9 percent in the year through November in real terms, statistics office data showed on Friday.

Published 24 Jan, 2004 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 Friday (January 23, 2004).

Published 24 Jan, 2004 12:00am

No need to change Sindh chief minister: Jamali

Prime Minister Mir Zafarullah Khan Jamali has said that there is no need to change Sindh chief minister neither there is any need to change the provincial government.

Published 24 Jan, 2004 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 Friday (January 23, 2004).

Published 24 Jan, 2004 12:00am

Businessmen criticise NWFP government

The government of Muttahida Majlis-i-Amal (MMA) in the NWFP is only making announcements and has failed to take any practical steps in order to solve problems confronted by the industrialists and trading communities of the province.

Published 24 Jan, 2004 12:00am

Interest rates on old and incremental FCY deposits

Interest rates on old and incremental FCY deposits on Friday (January 23, 2004).

Published 24 Jan, 2004 12:00am

Ground-breaking of two small dams after Eid

Ground-breaking ceremony for two small dams in Potohar region will be held after Eid-ul-Azha, while work on remodelling of barrages and other irrigation structures in the province is also expected to be launched soon.

Published 24 Jan, 2004 12:00am

LIBOR calculating interest on US dollar

London Interbank Offer Rates on for calculating interest on special US dollar on Friday (January 23, 2004).

Published 24 Jan, 2004 12:00am

Ground-breaking of two small dams after Eid

Published 24 Jan, 2004 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 Friday (January 23, 2004).

Published 24 Jan, 2004 12:00am

New incentives provided under DTRE scheme

On the recommendations of different collectorates, the Central Board of Revenue (CBR) has announced new incentives under the Duty and Tax Remission of Export (DTRE) Rules, removing some problems faced by exporters during transactions on daily basis.

Published 24 Jan, 2004 12:00am

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Friday (January 23, 2004).

Published 24 Jan, 2004 12:00am

New incentives provided under DTRE scheme

Published 24 Jan, 2004 12:00am

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Friday (January 23, 2004).

Published 24 Jan, 2004 12:00am

Bulls take control of ISE

Bulls continued to stay on the driving seat at the Islamabad Stock Exchange (ISE) where fresh buying spree in heavyweights moved the entire ready-board in upward direction amid increase in index.

Published 24 Jan, 2004 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 24 Jan, 2004 12:00am

Bulls take control of ISE

Bulls continued to stay on the driving seat at the Islamabad Stock Exchange (ISE) where fresh buying spree in heavyweights moved the entire ready-board in upward direction amid increase in index.

Published 24 Jan, 2004 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 24 Jan, 2004 12:00am

Share prices remain stable on LSE

Despite week-end selling pressure in blue chips, share prices remained stable in the local stock market, where the index ended with a slight decline.

Published 24 Jan, 2004 12:00am

Karachi interbank rates

Karachi interbank rates on Friday (January 23, 2004).

Published 24 Jan, 2004 12:00am

Share prices remain stable on LSE

Despite week-end selling pressure in blue chips, share prices remained stable in the local stock market, where the index ended with a slight decline.

Published 24 Jan, 2004 12:00am

French wheat subdued mood on EU decision

French wheat ended the week in a subdued mood on Friday with prices under light pressure from the EU's decision to sell off almost 700,000 tonnes of stocks from intervention stores next month, traders said.

Published 24 Jan, 2004 12:00am

Weekend considerations prune gains on KSE

Weekend considerations forced the day traders at Karachi Stock Exchange to book available profits, eroding the share values, but support from financial institutions averted larger decline.

Published 24 Jan, 2004 12:00am

CBOT wheat ends down on profit-taking

Chicago Board of Trade wheat futures closed lower on Thursday on speculative profit taking, with extra pressure coming from the European Union's announcement it opened tenders to sell almost 700,000 tonnes of wheat in its domestic markets, grain sources s

Published 24 Jan, 2004 12:00am

Weekend considerations prune gains on KSE

Weekend considerations forced the day traders at Karachi Stock Exchange to book available profits, eroding the share values, but support from financial institutions averted larger decline.

Published 24 Jan, 2004 12:00am

Oil shipping resumes at Algerian port

Shipping operations will resume at Algeria's oil-exporting port at Skikda on Friday after better weather allowed the port to reopen, a shipping agent said.

Published 24 Jan, 2004 12:00am

NAB filed cases against three ministers, Senate told

The National Accountability Bureau (NAB) had filed references against three members of the Cabinet, namely Faisal Saleh Hayat, Aftab Ahmed Khan Sherpao and Rana Nazir Ahmed.

Published 24 Jan, 2004 12:00am

Port of Novorrosiisk reopens

Russia's main Black Sea oil port of Novorrossiisk reopened on Friday after severe weather closed the port for five days, local shipping agents said.

Published 24 Jan, 2004 12:00am

NAB filed cases against three ministers, Senate told

The National Accountability Bureau (NAB) had filed references against three members of the Cabinet, namely Faisal Saleh Hayat, Aftab Ahmed Khan Sherpao and Rana Nazir Ahmed.

Published 24 Jan, 2004 12:00am

Activity at Karachi and Qasim ports

The Karachi Port handled 80,925 tonnes of cargo including 73,555 tonnes import and 7,370 tonnes export cargo during last 24 hours ending at 0700 hours on Friday.

Published 24 Jan, 2004 12:00am

Hurriyat team meets Vajpayee

A five-member team of All Parties Hurriyat Conference (Ansari-led faction) calls on Indian Prime Minister Atal Behari Vajpayee here on Friday.

Published 24 Jan, 2004 12:00am

Heavy rain heads south in Brazilian coffee belt

Heavy rain is expected to spread south from coffee farms in Minas Gerais into Sao Paulo state and northern Parana over the next five days, independent forecaster Somar said on Friday.

Published 24 Jan, 2004 12:00am

Hurriyat team meets Vajpayee

A five-member team of All Parties Hurriyat Conference (Ansari-led faction) calls on Indian Prime Minister Atal Behari Vajpayee here on Friday.

Published 24 Jan, 2004 12:00am

EU grain harvest heads for revival in 2004

Europe's grain crop in 2004 is set to rebound strongly from last year's weather-hit levels but farmers will still be anxiously watching the skies over the coming months, analysts said on Friday.

Published 24 Jan, 2004 12:00am

CIA names Duelfer to replace Kay in Iraq arms hunt

David Kay has quit his post as leader of the hunt for weapons of mass destruction in Iraq, which so far has failed to find any actual arms, and will be replaced by former UN weapons inspector Charles Duelfer, the CIA said on Friday.

Published 24 Jan, 2004 12:00am

Kenyan coffee farmers press for freedom to sell

Kenyan coffee farmers on Friday urged the government to release its stranglehold on the industry and so stop growers destroying their crops.

Published 24 Jan, 2004 12:00am

Government barred from shifting scientists outside country

The Lahore High Court Rawalpindi Bench has barred the government from handing over nuclear scientists, suspected of selling technology to Iran and Libya, to the foreign agencies.

Published 24 Jan, 2004 12:00am

FOB Gulf corn and soya steady; holidays dampen demand

US FOB Gulf corn and soyabean basis offers were mostly steady on Thursday, with the Lunar New Year holidays in Asia keeping demand thin, dealers said.

Published 24 Jan, 2004 12:00am

Government barred from shifting scientists outside country

The Lahore High Court Rawalpindi Bench has barred the government from handing over nuclear scientists, suspected of selling technology to Iran and Libya, to the foreign agencies.

Published 24 Jan, 2004 12:00am

Oil cake market rates

The January vaida again opened and closed at Rs 446.

Published 24 Jan, 2004 12:00am

Scientists may have sold nuclear secrets: President

President General Pervez Musharraf said on Friday it appeared scientists had sold nuclear secrets abroad, but reiterated Islamabad's position that there had been no official involvement.

Published 24 Jan, 2004 12:00am

Trading picks up as cotton prices stay firm

Slightly improved trading was noted in cotton despite it being Friday and prices keeping adamantly firm, said relevant sources.

Published 24 Jan, 2004 12:00am

Scientists may have sold nuclear secrets: President

President General Pervez Musharraf said on Friday it appeared scientists had sold nuclear secrets abroad, but reiterated Islamabad's position that there had been no official involvement.

Published 24 Jan, 2004 12:00am

Danish milling wheat prices stable

Danish milling wheat prices were stable this week and a surprise move by the European Commission on Thursday to offer intervention wheat was expected to keep prices steady, brokers said on Friday.

Published 24 Jan, 2004 12:00am

5.5 million tonnes wheat procurement target set

An inter-provincial meeting on Friday finalised wheat procurement policy and set buying target of 5.5 million tonnes wheat for the current year for Passco and provincial food departments, against 5.3 million tonnes of last year.

Published 24 Jan, 2004 12:00am

Dyes mixed on Jodia Bazar

Some changes in dyes items were marked as other commodities maintained steady trend amid low demand on Friday (January 23, 2004).

Published 24 Jan, 2004 12:00am

5.5 million tonnes wheat procurement target set

Published 24 Jan, 2004 12:00am

Guwar up on grain market

Grain varieties and guwar underwent changes on the wholesale commodity markets on Friday (January 23, 2004).

Published 24 Jan, 2004 12:00am

CBR officials' promotion criteria changed: Osmani spells out new strategy

Under the new performance evaluation strategy, performance of CBR officers would not be judged with the yardstick of revenue targets but with the amount of facilitation provided to the taxpayers and development of their subordinates.

Published 24 Jan, 2004 12:00am

New York coffee bounces back strong on fund buying

CSCE coffee futures rallied late on Thursday to reach a new high close in its nine-week rally, driven by additional fund buying and reduced producer selling, brokers said.

Published 24 Jan, 2004 12:00am

CBR officials' promotion criteria changed: Osmani spells out new strategy

Published 24 Jan, 2004 12:00am

New York cocoa up on arbitrage, fund buying before data

CSCE cocoa futures finished higher on Thursday for the second straight day on arbitrage and speculative fund buying ahead of the release of the quarterly grind data for the US chocolate industry, brokers said.

Published 24 Jan, 2004 12:00am

GST on train, air and telecom services can't be transferred to provinces

The Central Board of Revenue (CBR) has conveyed to the National Finance Commission (NFC) that collection of general sales tax (GST) on air/train travel, inland carriage of goods by air and telecommunication services cannot be transferred from federation t

Published 24 Jan, 2004 12:00am

USDA considers stricter rules for medicine crops

The US Agriculture Department on Thursday announced plans to broaden its regulatory authority and impose stricter guidelines on plants engineered solely for the development of medicines and industrial goods.

Published 24 Jan, 2004 12:00am

GST on train, air and telecom services can't be transferred to provinces

Published 24 Jan, 2004 12:00am

South African sugar estimate up

South Africa has slightly raised its estimate for 2003/04 sugar production to 2.410 million tonnes from a previous estimate of 2.404 million, still well down on last year's record crop.

Published 24 Jan, 2004 12:00am

Economy on path of robust growth: Musharraf

President General Pervez Musharraf has asked investors attending the World Economic Forum here to benefit from Pakistan's investment-friendly climate which includes robust economic growth, aggressive privatisation policy, improved governance and strong co

Published 24 Jan, 2004 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 14	278.27
USD PKR Interbank Buying / May 14	278.07
USD to Japanese Yen / May 14	156.42
USD to Swiss Franc / May 14	0.91
Pound Sterling to USD / May 14	1.26
Euro to USD / May 14	1.08

Stock	Volume
S&P 500 / May 13	5221.42
Nasdaq / May 13	16388.24
FTSE 100 / May 13	8414.99
Dow Jones / May 13	39431.51
Germany DAX 30 / May 13	18742.22
France CAC40 / May 13	8209.28
India Sensex / May 14	72853.85
Tokyo Nikkei / May 14	38227.19

Item	Value
Karachi Cotton PKR/37.32 KG / May 13	19935
Gold 10 Grams PKR / May 13	207733
Petrol/Litre / May 14	288.49
Crude Oil USD/Barrel / May 14	79.23
Gold Spot USD/Ounce / May 14	2344.20
Diesel/Litre / May 14	281.96

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 14 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 14 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 14 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 14 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 14 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 14 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 14 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 14 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 14 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 14 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 14 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 14 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 14 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 14 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 14 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 14 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 14 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 14 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

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

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