News Archives for Print - 2004-02-24

Print - 2004-02-24

Open End Mutual Funds (Unit Trusts)

The open end mutual funds.

Published 24 Feb, 2004 12:00am

Revenue Board reform panel holds first meeting

The first meeting of Steering Group to monitor the reform process in the Central Board of Revenue (CBR) held here on Monday for effective implementation of the reform.

Published 24 Feb, 2004 12:00am

Open End Mutual Funds (Unit Trusts)

The open end mutual funds.

Published 24 Feb, 2004 12:00am

Revenue Board reform panel holds first meeting

The first meeting of Steering Group to monitor the reform process in the Central Board of Revenue (CBR) held here on Monday for effective implementation of the reform.

Published 24 Feb, 2004 12:00am

Open End Mutual Funds (Unit Trusts)

The open end mutual funds.

Published 24 Feb, 2004 12:00am

Ashura holidays

The government has announced that March 1-2, 2004 (Monday-Tuesday), being 9th and 10th Muharram-ul-Harram would be closed holidays on the occasion of Ashura, according to a statement issued here on Monday.

Published 24 Feb, 2004 12:00am

United Money-Market Fund

The Unit Prices for February 24, 2004.

Published 24 Feb, 2004 12:00am

Ashura holidays

Published 24 Feb, 2004 12:00am

United Money-Market Fund

The Unit Prices for February 24, 2004.

Published 24 Feb, 2004 12:00am

Vajpayee takes note of alleged nuclear technology export from Pakistan

Indian Prime Minister Atal Behari Vajpayee said on Monday that India had taken "serious note of the clandestine export of nuclear technology from Pakistan."

Published 24 Feb, 2004 12:00am

United Money-Market Fund

The Unit Prices for February 24, 2004.

Published 24 Feb, 2004 12:00am

SBP sells treasury bills worth Rs 22 billion

The State Bank on Monday sold Rs 22 billion worth of Treasury Bills in a one- and four-week repo operation.

Published 24 Feb, 2004 12:00am

Foreign Exchange Bearer Certificates

The prevailing rate of Foreign Exchange Bearer Certificates on Monday (February 23, 2004).

Published 24 Feb, 2004 12:00am

SBP sells treasury bills worth Rs 22 billion

The State Bank on Monday sold Rs 22 billion worth of Treasury Bills in a one- and four-week repo operation.

Published 24 Feb, 2004 12:00am

Foreign Exchange Bearer Certificates

The prevailing rate of Foreign Exchange Bearer Certificates on Monday (February 23, 2004).

Published 24 Feb, 2004 12:00am

SBP sells treasury bills worth Rs 22 billion

The State Bank on Monday sold Rs 22 billion worth of Treasury Bills in a one- and four-week repo operation.

Published 24 Feb, 2004 12:00am

Foreign Exchange Bearer Certificates

The prevailing rate of Foreign Exchange Bearer Certificates on Monday (February 23, 2004).

Published 24 Feb, 2004 12:00am

SSGC profit rises to Rs 608 million

Sui Southern Gas profit in the six months ended on December 31, 2003, showed a small rise despite the fact that the sales showed remarkable improvement.

Published 24 Feb, 2004 12:00am

NJLI Pen Fund Rates

New Jubile Life Insurance Pension Fund Rates on Monday (February 23, 2004).

Published 24 Feb, 2004 12:00am

SSGC profit rises to Rs 608 million

Sui Southern Gas profit in the six months ended on December 31, 2003, showed a small rise despite the fact that the sales showed remarkable improvement.

Published 24 Feb, 2004 12:00am

NJLI Pen Fund Rates

New Jubile Life Insurance Pension Fund Rates on Monday (February 23, 2004).

Published 24 Feb, 2004 12:00am

'CIA director visited Pakistan'

CIA Director George Tenet visited Pakistan and Iraq earlier this month, but did not speak to former Iraqi leader Saddam Hussein who is in US custody, a US official said on Sunday.

Published 24 Feb, 2004 12:00am

NJLI Pen Fund Rates

New Jubile Life Insurance Pension Fund Rates on Monday (February 23, 2004).

Published 24 Feb, 2004 12:00am

Old Mutual gives Nedcor final helping hand

South Africa's largest insurer Old Mutual said on Monday it was prepared to increase its stake in ailing bank Nedcor but allayed market concerns by saying it would be the last cash injection.

Published 24 Feb, 2004 12:00am

NJLI Mutual Fund Rates

New Jubile Life Insurance Mutual Fund Rates on Monday (February 23, 2004).

Published 24 Feb, 2004 12:00am

Old Mutual gives Nedcor final helping hand

South Africa's largest insurer Old Mutual said on Monday it was prepared to increase its stake in ailing bank Nedcor but allayed market concerns by saying it would be the last cash injection.

Published 24 Feb, 2004 12:00am

NJLI Mutual Fund Rates

New Jubile Life Insurance Mutual Fund Rates on Monday (February 23, 2004).

Published 24 Feb, 2004 12:00am

Pakistan Steel to expand output capacity to three million tonnes per year

The Directors of Pakistan Steel Mills have, in principle, approved its expansion programme from the existing 1.1 million tonnes production capacity to 3 million tonnes per year.

Published 24 Feb, 2004 12:00am

NJLI Mutual Fund Rates

New Jubile Life Insurance Mutual Fund Rates on Monday (February 23, 2004).

Published 24 Feb, 2004 12:00am

Bahrain launches $250 million Islamic bond

The Bahrain Monetary Agency (BMA) will launch road shows on Wednesday for its first international 250-million-dollar, five-year Islamic leasing bond issue, the agency announced on Monday.

Published 24 Feb, 2004 12:00am

World currencies and euro

Value of the euro in terms of other world currencies as prevailing in the week ended Monday (February 23, 2004).

Published 24 Feb, 2004 12:00am

Bahrain launches $250 million Islamic bond

The Bahrain Monetary Agency (BMA) will launch road shows on Wednesday for its first international 250-million-dollar, five-year Islamic leasing bond issue, the agency announced on Monday.

Published 24 Feb, 2004 12:00am

Pakistan Investment Bond: Secondary Market Yields

PIB secondary market yield rates on Monday (February 23, 2004).

Published 24 Feb, 2004 12:00am

KESC losses narrow down to Rs 3.761 billion

The Karachi Electric Supply Company losses in the six months ended on December 31, 2003, narrowed down to Rs 3.761 billion after rise in energy sales and cut in financial costs.

Published 24 Feb, 2004 12:00am

Pakistan Investment Bond: Secondary Market Yields

PIB secondary market yield rates on Monday (February 23, 2004).

Published 24 Feb, 2004 12:00am

Oman awards $136 million oil and gas contracts

Oman has awarded three energy contracts worth a total $136 million to international firms in a bid to raise gas production and arrest a decline in oil output, oil officials said on Monday.

Published 24 Feb, 2004 12:00am

Pakistan Investment Bond: Secondary Market Yields

PIB secondary market yield rates on Monday (February 23, 2004).

Published 24 Feb, 2004 12:00am

EU on countdown to sanctions against US

The European Union began a seven-day countdown on Monday before it slaps $200 million of sanctions on US goods as a long-running trade fight comes to a head, EU diplomats said.

Published 24 Feb, 2004 12:00am

Treasury-Bills Secondary Market Yields

Treasury bills secondary market yields rate on Monday (February 23, 2004).

Published 24 Feb, 2004 12:00am

India must use WTO rules to bolster outsourcing

India must use World Trade Organisation (WTO) rules to protect the unfettered growth of US technology outsourcing from protectionist attacks in an election year, a key Silicon Valley venture capitalist said.

Published 24 Feb, 2004 12:00am

Treasury-Bills Secondary Market Yields

Treasury bills secondary market yields rate on Monday (February 23, 2004).

Published 24 Feb, 2004 12:00am

Asia Pacific commercial plane demand to reach 4,000 by 2020

The demand for commercial aircraft in the Asia Pacific region is expected to reach 4,000 between now and 2020, including more than 2,100 wide-bodied planes, a top European aviation official said Monday.

Published 24 Feb, 2004 12:00am

Treasury-Bills Secondary Market Yields

Treasury bills secondary market yields rate on Monday (February 23, 2004).

Published 24 Feb, 2004 12:00am

Patent requests hit record 113,249 last year

Requests for international patents reached a record 113,249 last year, of which more than one-third came from the United States, the World Intellectual Property Organisation said here Monday.

Published 24 Feb, 2004 12:00am

US treasuries bid yields

US treasuries bid yields on Monday (February 23, 2004).

Published 24 Feb, 2004 12:00am

China economist sees 3 percent inflation in 2004

China's consumer prices are expected to rise around three percent in 2004 but there is little danger of high inflation, a top government economist was quoted on Monday as saying.

Published 24 Feb, 2004 12:00am

US treasuries bid yields

US treasuries bid yields on Monday (February 23, 2004).

Published 24 Feb, 2004 12:00am

Bears tighten grip on ISE

Bears remained in the front seat on the Islamabad Stock Exchange (ISE) where equities suffered across the board losses amid the increase in the index.

Published 24 Feb, 2004 12:00am

US treasuries bid yields

US treasuries bid yields on Monday (February 23, 2004).

Published 24 Feb, 2004 12:00am

Bears tighten grip on ISE

Bears remained in the front seat on the Islamabad Stock Exchange (ISE) where equities suffered across the board losses amid the increase in the index.

Published 24 Feb, 2004 12:00am

US treasuries bid prices

US treasuries bid prices on Monday (February 23, 2004).

Published 24 Feb, 2004 12:00am

Lahore Stock Exchange index sheds 89 points

With the index losing 88.89 points, share values suffered widespread losses at Lahore Stock Exchange amid thin trade turnover on Monday.

Published 24 Feb, 2004 12:00am

US treasuries bid prices

US treasuries bid prices on Monday (February 23, 2004).

Published 24 Feb, 2004 12:00am

Lahore Stock Exchange index sheds 89 points

With the index losing 88.89 points, share values suffered widespread losses at Lahore Stock Exchange amid thin trade turnover on Monday.

Published 24 Feb, 2004 12:00am

US treasuries bid prices

US treasuries bid prices on Monday (February 23, 2004).

Published 24 Feb, 2004 12:00am

World Bank study recommends tariff rationalisation

Philip Schuler of the Development Group of the World Bank has said that tariff dispersion and tariff peaks increase incentives for protectionist lobbying and has suggested to bind tariff rationalisation in the context of Doha round.

Published 24 Feb, 2004 12:00am

Open market rates of foreign currencies

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

Published 24 Feb, 2004 12:00am

World Bank study recommends tariff rationalisation

Published 24 Feb, 2004 12:00am

London Interbank Offered Rates

London Interbank Offered Rates (LIBOR) on Monday (February 23, 2004).

Published 24 Feb, 2004 12:00am

Kaddoumi asks US to re-activate role in Middle East

Palestinian Foreign Minister Farouk Kaddoumi has urged the United States to re-activate its role in the Middle East and save the roadmap it had given to reach a settlement between Palestine and Israel.

Published 24 Feb, 2004 12:00am

Crescent Capital Management (Pvt) Ltd: daily foreign exchange report

The greenback shined in the Interbank Forex Market as it advanced by 2.0 to 3.0 paisa the Pak rupee during the day.

Published 24 Feb, 2004 12:00am

Privatisation Commission clarification on status and source of Advisor's report

A spokesman of the Privatisation Commission has denied the statement made in a report carried on February 23, 2004 by "Business Recorder" that a copy of the Financial Advisor's advice, was obtained from the commission.

Published 24 Feb, 2004 12:00am

EFU funds rates

EFU Life Assurance Ltd announced that the Offer and Bid prices for the following funds effective from Monday February 23, 2004.

Published 24 Feb, 2004 12:00am

Privatisation Commission clarification on status and source of Advisor's report

Published 24 Feb, 2004 12:00am

EFU funds rates

EFU Life Assurance Ltd announced that the Offer and Bid prices for the following funds effective from Monday February 23, 2004.

Published 24 Feb, 2004 12:00am

Share prices plunge on earnings

Share prices on Karachi Stock Exchange plunged after a number of companies announced earnings lower than expectations of the investors, and institutions sold their portfolios resulting in massive erosion on first day of the new week.

Published 24 Feb, 2004 12:00am

EFU funds rates

EFU Life Assurance Ltd announced that the Offer and Bid prices for the following funds effective from Monday February 23, 2004.

Published 24 Feb, 2004 12:00am

Share prices plunge on earnings

Published 24 Feb, 2004 12:00am

Shipping Intelligence

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

Published 24 Feb, 2004 12:00am

Musharraf for passing benefits of economic progress to common man

President General Pervez Musharraf called on Monday for measures to transfer benefits of improved economy to the common man so as to bring about a qualitative change in their lives.

Published 24 Feb, 2004 12:00am

Shipping Intelligence

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

Published 24 Feb, 2004 12:00am

Cotton hedge trading under KCA likely

The government may consider allowing Karachi Cotton Association (KCA) to start Hedge Trading, said Federal Minister for Food, Agriculture and Livestock, Sardar Mohammad Rind, on Monday.

Published 24 Feb, 2004 12:00am

Spot dollar rates

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

Published 24 Feb, 2004 12:00am

Cotton hedge trading under KCA likely

The government may consider allowing Karachi Cotton Association (KCA) to start Hedge Trading, said Federal Minister for Food, Agriculture and Livestock, Sardar Mohammad Rind, on Monday.

Published 24 Feb, 2004 12:00am

Money Market Report

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

Published 24 Feb, 2004 12:00am

13 killed in Iraq suicide attack

A suicide bomber rammed a car into a police station in the northern Iraqi city of Kirkuk on Monday, killing 13 people and wounding 51 others, a police official said.

Published 24 Feb, 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 Monday (February 23, 2004).

Published 24 Feb, 2004 12:00am

13 killed in Iraq suicide attack

A suicide bomber rammed a car into a police station in the northern Iraqi city of Kirkuk on Monday, killing 13 people and wounding 51 others, a police official said.

Published 24 Feb, 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 Monday (February 23, 2004).

Published 24 Feb, 2004 12:00am

Pakistan and US deny reports on Osama

Osama bin Laden's whereabouts remain a mystery to US and Pakistani forces as they crank up efforts to flush out al Qaeda and Taleban hiding near Afghanistan's eastern frontier, officials said on Monday.

Published 24 Feb, 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 Monday (February 23, 2004).

Published 24 Feb, 2004 12:00am

Rockets fired on PPL gasfield

At least 24 rockets were fired on a gas field operated by Pakistan Petroleum Limited on Monday, damaging pipelines, officials said.

Published 24 Feb, 2004 12:00am

Interest rates on old and incremental FCY deposits

Interest rates on old and incremental FCY deposits on Monday (February 23, 2004).

Published 24 Feb, 2004 12:00am

Sugar mills start early repayment of loans

An abrupt change has been witnessed in the mode of repayment by sugar mills in Sindh against loans obtained by them from the banking sector to meet their financial requirements every year.

Published 24 Feb, 2004 12:00am

LIBOR calculating interest on US dollar

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

Published 24 Feb, 2004 12:00am

LHC rejects scientists' habeas corpus pleas

Lahore High Court Rawalpindi Bench has rejected all the petitions regarding the habeas corpus of the nuclear scientists and officials of the Khan Research Laboratories.

Published 24 Feb, 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 Monday (February 23, 2004).

Published 24 Feb, 2004 12:00am

Tribesmen hand over al Qaeda sympathisers

Tribesmen in South Waziristan have handed over dozens of people suspected of sheltering al Qaeda remnants, a government official said on Monday.

Published 24 Feb, 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 Monday (February 23, 2004).

Published 24 Feb, 2004 12:00am

IAEA trying to understand nuclear black market

The head of the UN nuclear watchdog said on Monday that the agency is investigating whether other countries besides Libya got hold of designs for nuclear warheads on the global atomic black market.

Published 24 Feb, 2004 12:00am

Exchange rates: buying and selling

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

Published 24 Feb, 2004 12:00am

Four feared dead in Indian space centre fire

Rescue workers were searching for four people feared killed when fuel being loaded for a satellite launch rocket exploded and sparked a huge fire at India's main space centre on Monday.

Published 24 Feb, 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 Feb, 2004 12:00am

Recovery of girls' bodies: Sindh governor orders arrest of SHO and others

Sindh Governor Dr Ishrat-ul-Ibad Khan has ordered the arrest of Station House Officer (SHO) and others allegedly responsible in case of recovery of bodies of two girls from Gadap police station here, a Governor House spokesman said on Monday night.

Published 24 Feb, 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 Feb, 2004 12:00am

De Soto's reform proposals to be taken up by Cabinet

Henando De Soto would submit his proposals about reforming Pakistan's informal sector and title to properties, which would be taken up in the Cabinet meeting and would be enforced across the board, said Finance Minister Shaukat Aziz.

Published 24 Feb, 2004 12:00am

Karachi interbank rates

Karachi interbank rates on Monday (February 23, 2004).

Published 24 Feb, 2004 12:00am

De Soto's reform proposals to be taken up by Cabinet

Published 24 Feb, 2004 12:00am

Pakistan Economic Indicators

Pakistan economic indicators on February 23.

Published 24 Feb, 2004 12:00am

$120 million CNG project under HDIP opposed

The Planning Commission has opposed the decision of Ministry of Petroleum and Natural resources for the implementation of $ 120 million project for CNG promotion through Hydrocarbon Development Institute of Pakistan (HDIP) and said that the project be giv

Published 24 Feb, 2004 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 2	278.40
USD PKR Interbank Buying / May 2	278.20
USD to Japanese Yen / May 2	155.37
USD to Swiss Franc / May 2	0.91
Pound Sterling to USD / May 2	1.25
Euro to USD / May 2	1.07

Stock	Volume
S&P 500 / May 1	5018.39
Nasdaq / May 1	15605.48
Dow Jones / May 1	37903.29
India Sensex / May 2	74720.19
Tokyo Nikkei / May 2	38236.07
Hang Seng / May 2	18192.04
FTSE 100 / May 2	8149.68
Germany DAX 30 / May 2	17906.01

Item	Value
Crude Oil USD/Barrel / May 2	79.53
Karachi Cotton PKR/37.32 KG / May 2	20000
Gold 10 Grams PKR / May 2	206619
Gold Spot USD/Ounce / May 2	2311.74
Cotton US¢/pound / May 2	77.01
Petrol/Litre / May 3	288.49

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 3 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 3 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 3 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 3 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 3 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 3 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 3 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 3 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 3 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 3 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 3 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 3 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 3 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 3 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 3 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 3 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 3 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 3 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 3 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 3 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 3 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 3 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 3 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 3 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 3 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 3 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 3 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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