News Archives for Print - 2004-06-12

Print - 2004-06-12

NJLI Mutual Fund Rates

New Jubilee Life Insurance Mutual Fund Rates on Friday (June 11, 2004).

Published 12 Jun, 2004 12:00am

China to host 3rd Asian Co-operation Dialogue from June 21

Foreign ministers from 22 countries are scheduled to gather in the Chinese seaside city of Qingdao this month for the third Asian Co-operation Dialogue (ACD) meeting, China said on Friday.

Published 12 Jun, 2004 12:00am

NJLI Mutual Fund Rates

New Jubilee Life Insurance Mutual Fund Rates on Friday (June 11, 2004).

Published 12 Jun, 2004 12:00am

$200 million WHO funded HIV/AIDS control programme launched

The Federal government has launched a WHO-funded HIV/AIDS Control Programme with an initial capital of $200 million to treat almost 400 Aids patient.

Published 12 Jun, 2004 12:00am

Pakistan Investment Bond: Secondary Market Yields

PIB secondary market yield rates on Friday (June 11, 2004).

Published 12 Jun, 2004 12:00am

$200 million WHO funded HIV/AIDS control programme launched

The Federal government has launched a WHO-funded HIV/AIDS Control Programme with an initial capital of $200 million to treat almost 400 Aids patient.

Published 12 Jun, 2004 12:00am

Pakistan Investment Bond: Secondary Market Yields

PIB secondary market yield rates on Friday (June 11, 2004).

Published 12 Jun, 2004 12:00am

Developing states seek more time for tariff withdrawal

The developing countries have sought further time for withdrawing protective tariff for its industries while the developed countries want zero tariff under the World Trade Organisation (WTO) regime.

Published 12 Jun, 2004 12:00am

Pakistan Investment Bond: Secondary Market Yields

PIB secondary market yield rates on Friday (June 11, 2004).

Published 12 Jun, 2004 12:00am

Developing states seek more time for tariff withdrawal

The developing countries have sought further time for withdrawing protective tariff for its industries while the developed countries want zero tariff under the World Trade Organisation (WTO) regime.

Published 12 Jun, 2004 12:00am

Treasury-Bills Secondary Market Yields

Treasury bills secondary market yields rate on Friday (June 11, 2004).

Published 12 Jun, 2004 12:00am

Aetna and Cigna subpoenaed by New York's Spitzer on fees

Aetna Inc and Cigna Corp, two of the largest US health insurers, on Friday said they received subpoenas as part of the New York attorney general's investigation into fees insurers pay brokers as an incentive.

Published 12 Jun, 2004 12:00am

Treasury-Bills Secondary Market Yields

Treasury bills secondary market yields rate on Friday (June 11, 2004).

Published 12 Jun, 2004 12:00am

Aetna and Cigna subpoenaed by New York's Spitzer on fees

Published 12 Jun, 2004 12:00am

Treasury-Bills Secondary Market Yields

Treasury bills secondary market yields rate on Friday (June 11, 2004).

Published 12 Jun, 2004 12:00am

Pakistani and Indian businesswomen set up ventures

Indian and Pakistani businesswomen on Thursday discussed expanding trade ties between the two countries.

Published 12 Jun, 2004 12:00am

US treasuries bid yields

US treasuries bid yields on Friday (June 11, 2004).

Published 12 Jun, 2004 12:00am

Pakistani and Indian businesswomen set up ventures

Indian and Pakistani businesswomen on Thursday discussed expanding trade ties between the two countries.

Published 12 Jun, 2004 12:00am

US treasuries bid yields

US treasuries bid yields on Friday (June 11, 2004).

Published 12 Jun, 2004 12:00am

Duty on steel coils and billets to be reduced

A major reduction has been proposed in the import duty on steel coils, steel billets, MS bars and polypropylene/polyethylene.

Published 12 Jun, 2004 12:00am

US treasuries bid yields

US treasuries bid yields on Friday (June 11, 2004).

Published 12 Jun, 2004 12:00am

Duty on steel coils and billets to be reduced

A major reduction has been proposed in the import duty on steel coils, steel billets, MS bars and polypropylene/polyethylene.

Published 12 Jun, 2004 12:00am

US treasuries bid prices

US treasuries bid prices on Friday (June 11, 2004).

Published 12 Jun, 2004 12:00am

Duty on steel coils and billets to be reduced

A major reduction has been proposed in the import duty on steel coils, steel billets, MS bars and polypropylene/polyethylene.

Published 12 Jun, 2004 12:00am

US treasuries bid prices

US treasuries bid prices on Friday (June 11, 2004).

Published 12 Jun, 2004 12:00am

Zarine re-appointed FWBL president

The government on Friday re-appointed Ms Zarine Aziz as president of the First Women Bank Limited (FWBL) for another two years.

Published 12 Jun, 2004 12:00am

US treasuries bid prices

US treasuries bid prices on Friday (June 11, 2004).

Published 12 Jun, 2004 12:00am

Zarine re-appointed FWBL president

The government on Friday re-appointed Ms Zarine Aziz as president of the First Women Bank Limited (FWBL) for another two years.

Published 12 Jun, 2004 12:00am

Open market rates of foreign currencies

Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Friday (June 11, 2004).

Published 12 Jun, 2004 12:00am

Pak-UK defence forum mulls ways to beef up co-operation

Pak-UK Defence Co-operation Forum held the first session of its two-day meeting here on Thursday to mull over the ways of strengthening defence relations between the two countries.

Published 12 Jun, 2004 12:00am

London Interbank Offered Rates

London Interbank Offered Rates (LIBOR) on Friday (June 11, 2004).

Published 12 Jun, 2004 12:00am

Pak-UK defence forum mulls ways to beef up co-operation

Pak-UK Defence Co-operation Forum held the first session of its two-day meeting here on Thursday to mull over the ways of strengthening defence relations between the two countries.

Published 12 Jun, 2004 12:00am

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (June 11, 2004).

Published 12 Jun, 2004 12:00am

President and Prime Minister take stock of economic situation

President General Pervez Musharraf and Prime Minister Mir Zafarullah Khan Jamali, who met here on Friday afternoon, took stock of the economic situation in the context of the forthcoming budget and discussed various proposals in this regard.

Published 12 Jun, 2004 12:00am

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (June 11, 2004).

Published 12 Jun, 2004 12:00am

President and Prime Minister take stock of economic situation

Published 12 Jun, 2004 12:00am

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Friday (June 11, 2004).

Published 12 Jun, 2004 12:00am

Reforms to expedite refunds payment

The new sales tax refund system would maintain taxpayers' profiles based on multi tax data of the regular refund claimant and their suppliers to expedite refund payment to the exporters from next fiscal (2004-2005).

Published 12 Jun, 2004 12:00am

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Friday (June 11, 2004).

Published 12 Jun, 2004 12:00am

Rates cut to encourage voluntary compliance of tax laws

The Economic Survey (2003-04) has shown that reduction in tax rates would encourage voluntary compliance stimulating investment and production.

Published 12 Jun, 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 (June 11, 2004).

Published 12 Jun, 2004 12:00am

KSE market capitalisation up by 80.3 percent in nine months

Karachi Stock Exchange (KSE) share index and aggregate market capitalisation of 12 different sectors increased by 50.1 percent and 80.3 percent, respectively, in the first nine months of the outgoing fiscal year, against 53.4 percent and 44.7 percent in t

Published 12 Jun, 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 (June 11, 2004).

Published 12 Jun, 2004 12:00am

Health outlay estimated at Rs 32.1 billion

The total outlay on health during 2003-04 is estimated at Rs 32.1 billion, showing 13.8 percent increase over the last year, Economic Survey 2003-04 launched here on Friday said.

Published 12 Jun, 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 (June 11, 2004).

Published 12 Jun, 2004 12:00am

Foreign debts amounted to $35.846 billion in March

Pakistan's total external debt and foreign exchange liabilities amounted $35.846 billion up to March 2004, showing an increase of about one percent over the level of $35.474 billion recorded at end-June 2003, says the Economic Survey of Pakistan, 2003-04.

Published 12 Jun, 2004 12:00am

Interest rates on old and incremental FCY deposits

Interest rates on old and incremental FCY deposits on Friday (June 11, 2004).

Published 12 Jun, 2004 12:00am

4.9 percent food inflation: government claim disproved by SPI

The government's claim that food inflation during 10 months of the current year (July 03 to April 04) at 4.9 percent is not substantiated by the rising trend shown in the Sensitive Price Indicators (SPI) released by the Federal Bureau of Statistics every

Published 12 Jun, 2004 12:00am

LIBOR calculating interest on US dollar

London Interbank Offer Rates on for calculating interest on special US dollar on Friday (June 11, 2004).

Published 12 Jun, 2004 12:00am

Petroleum products consumption registers 23.3 percent decline

The Economic Survey issued by Finance Minister Shaukat Aziz here on Friday conceded that consumption of petroleum products has registered decline of 23.3 percent, whereas other sources of energy showed increase during 2002-03.

Published 12 Jun, 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 (June 11, 2004).

Published 12 Jun, 2004 12:00am

Tax and tariff reforms have started paying dividends

The wide-range tax and tariff reforms, including improvement in the tax administration have started paying dividends in the form of higher tax collection and fiscal consolidation, Economic Survey 2003-04 issued here on Friday said.

Published 12 Jun, 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 (June 11, 2004).

Published 12 Jun, 2004 12:00am

Rs 19.61 billion lost due to tax exemptions

The government suffered a loss of Rs 19.61 billion on account of tax exemptions given to various sectors during 2003-04, against Rs 23.29 billion in 2002-03.

Published 12 Jun, 2004 12:00am

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Friday (June 11, 2004).

Published 12 Jun, 2004 12:00am

India wants to rapidly build up ties with US: Powell

India's new left-leaning government wants to rapidly build up ties with the United States, Secretary of State Colin Powell said Thursday after talks with Indian counterpart Natwar Singh.

Published 12 Jun, 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 12 Jun, 2004 12:00am

Key shift in Russia military command

Russian Defence Minister Sergei Ivanov, a key ally of President Vladimir Putin, scored a vital win Friday in his faltering bid to reform the military when parliament handed him operational control of the army.

Published 12 Jun, 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 12 Jun, 2004 12:00am

New offensive against al Qaeda launched

Pakistan declared a new offensive against al-Qaeda-linked fighters on its north-west border on Friday, pounding an al Qaeda training camp and hideouts used by fugitive foreign fighters in a major air and ground campaign.

Published 12 Jun, 2004 12:00am

Karachi interbank rates

Karachi interbank rates on Friday (June 11, 2004).

Published 12 Jun, 2004 12:00am

New offensive against al Qaeda launched

Published 12 Jun, 2004 12:00am

Danish grain prices slip

Danish grain prices slipped this week as sellers of malting barley struggled to unload the lingering remains of last year's crop in anticipation of the new harvest.

Published 12 Jun, 2004 12:00am

ISE equities post handsome gains

Equities scored handsome gains under the lead of hot favourite at the Islamabad Stock Exchange (ISE) where the pre-budget session witnessed fresh bullish spree in trend-setters amid increase in index.

Published 12 Jun, 2004 12:00am

US Midwest soyabean mixed, corn steady

Soyabean spot basis were mixed in the US Midwest early Friday while corn was mostly steady, with farmers unwilling to sell either corn and soyabeans as the CBOT futures market was closed, dealers said.

Published 12 Jun, 2004 12:00am

ISE equities post handsome gains

Published 12 Jun, 2004 12:00am

HRW wheat mostly steady in US Plains

Spot basis bids for hard red winter (HRW) wheat in the US Plains production area were mostly steady Friday with limited country movement as intermittent rains continued to stall the harvest in many areas, merchants said.

Published 12 Jun, 2004 12:00am

LSE index inches up

Equities were slightly up on the Lahore Stock Exchange (LSE) on Friday amid slim activity as key players remained on sidelines, due to worries over law and order problem in Karachi in the wake of Thursday's attack on a military convoy.

Published 12 Jun, 2004 12:00am

South African maize hits six-month low

South Africa maize futures tumbled to six-month lows on Friday in response to falling Chicago prices, with traders saying the move heralded a decisive break lower in the coming fortnight.

Published 12 Jun, 2004 12:00am

LSE index inches up

Published 12 Jun, 2004 12:00am

China to continue to drive global copper demand

Copper producers across the globe are looking at China to continue to soak up enough of the red metal to maintain strong prices, even if economic growth there drops off a little.

Published 12 Jun, 2004 12:00am

KSE index gains 13.45 points

Despite last day of trading and without any good news to save deteriorating law and order situation the shares market responded positively and ended with the hopes for a 'favourable' budget.

Published 12 Jun, 2004 12:00am

India sells alumina to Russian firm

India's state-run National Aluminium Company Ltd (NALCO) has awarded a 30,000-tonne alumina tender to a Russian company at around $350 a tonne, sharply lower than a sale last month, a senior NALCO official said on Friday.

Published 12 Jun, 2004 12:00am

KSE index gains 13.45 points

Despite last day of trading and without any good news to save deteriorating law and order situation the shares market responded positively and ended with the hopes for a 'favourable' budget.

Published 12 Jun, 2004 12:00am

Singapore bunker fuel prices up

Singapore bunker or ship fuel prices inched up on Friday, supported by a rise in prompt demand in an amply supplied market.

Published 12 Jun, 2004 12:00am

Federal budget today, volume may be over Rs 1 trillion

The coming budget for 2004-05, to be presented on June 12 in Parliament, would cross Rs 900 billion (Rs 700 billion current expenditures and Rs 202 billion development spending).

Published 12 Jun, 2004 12:00am

Activity at Karachi and Qasim ports

The Karachi Port handled 88,787 tonnes of cargo including 51,806 tonnes import and 36,981 tonnes export cargo during last 24 hours ending at 0700 hours on Friday.

Published 12 Jun, 2004 12:00am

Federal budget today, volume may be over Rs 1 trillion

The coming budget for 2004-05, to be presented on June 12 in Parliament, would cross Rs 900 billion (Rs 700 billion current expenditures and Rs 202 billion development spending).

Published 12 Jun, 2004 12:00am

FOB Gulf corn steady, soya higher

US FOB Gulf corn basis offers were steady on Thursday, while soyabeans were higher as exporters and processors competed for new crop supplies.

Published 12 Jun, 2004 12:00am

Manufacturing sector registers 13.4 percent rise

The overall manufacturing sector registered a 'stellar' growth of 13.4 percent in the outgoing fiscal, with automobiles being important contributor which registered an increase of 52.7 percent over last fiscal year, according to 'Economic Survey of Pakist

Published 12 Jun, 2004 12:00am

US corn exports slowed by Argentina and Brazil sales

The pace of US corn export sales has slowed sharply as importers turn their attention to cheaper supplies in Argentina and Brazil, fuelling a slide in US prices, grain traders said Thursday.

Published 12 Jun, 2004 12:00am

Manufacturing sector registers 13.4 percent rise

Published 12 Jun, 2004 12:00am

Brazilian soya cargo in China discharged, fears persist

China, the world's top soya buyer, discharged one of three stalled Brazilian bean cargoes, but worries persist that authorities will still halt virtually all soya imports from the South American country.

Published 12 Jun, 2004 12:00am

Rs 580 billion revenue target fixed for 2004-05

Finance Minister Shaukat Aziz has said that the government has fixed Rs 580 billion as revenue collection target for next fiscal year.

Published 12 Jun, 2004 12:00am

Oil cake market rates

The July vaida opened unchanged at Rs 483.30 and was highest at Rs 483.50. Later in depressed trading it lost gains to turn lowest at Rs 483.20 and closing was seen 10 paisa up at Rs 483.30.

Published 12 Jun, 2004 12:00am

Rs 580 billion revenue target fixed for 2004-05

Finance Minister Shaukat Aziz has said that the government has fixed Rs 580 billion as revenue collection target for next fiscal year.

Published 12 Jun, 2004 12:00am

A couple of deals reported on cotton market

A couple of deals were reported on Friday, the day when low trading is seen, as sellers/buyers halted activity to see what 2004-05 budget has stored for them, relevant sources said.

Published 12 Jun, 2004 12:00am

Per capita income rise rate lower than 2002-03

The rise in per capita income continued during the fiscal year 2003-04 but its rate was comparatively lower in comparison with last year.

Published 12 Jun, 2004 12:00am

Russian weekly grain market report

Russian grain prices were declining rapidly in the week to June 11 ahead of the start of the new harvesting campaign, traders said.

Published 12 Jun, 2004 12:00am

Per capita income rise rate lower than 2002-03

The rise in per capita income continued during the fiscal year 2003-04 but its rate was comparatively lower in comparison with last year.

Published 12 Jun, 2004 12:00am

Few changes seen on grain market

A few changes transpired on the seed and grain wholesale markets, amid fairly large business on Friday (June 11, 2004).

Published 12 Jun, 2004 12:00am

Vigorous exports and imports growth witnessed

Pakistan witnessed vigorous exports and imports growth during 2003-04 coupled with a healthy increase in foreign exchange reserves. Notwithstanding an anticipated marginal decline in the flow of remittances along with a double-digit rise in imports, the c

Published 12 Jun, 2004 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 21	278.50
USD PKR Interbank Buying / May 21	278.30
USD to Japanese Yen / May 21	156.44
USD to Swiss Franc / May 21	0.91
Pound Sterling to USD / May 21	1.27
Euro to USD / May 21	1.09

Stock	Volume
S&P 500 / May 20	5308.13
Nasdaq / May 20	16794.88
Dow Jones / May 20	39806.77
India Sensex / May 21	73830.29
Tokyo Nikkei / May 21	39037.68
Hang Seng / May 21	19234.33
FTSE 100 / May 21	8383.95
Germany DAX 30 / May 21	18702.87

Item	Value
Gold 10 Grams PKR / May 20	214678
Petrol/Litre / May 21	273.10
Crude Oil USD/Barrel / May 21	79.32
Karachi Cotton PKR/37.32 KG / May 21	19935
Gold Spot USD/Ounce / May 21	2414
Diesel/Litre / May 21	274.08

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 21 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 21 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 21 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 21 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 21 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 21 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 21 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 21 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 21 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 21 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 21 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 21 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 21 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 21 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 21 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 21 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 21 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 21 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

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

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