Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (June 17, 2004).

In the Punjab Budget 2004-05, houses measuring up to 5 marlas in certain areas, used for residential purposes, have been exempted from the levy of property tax, while stamp duty on Memorandum and Articles of Association of Companies has been abolished.

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (June 17, 2004).

The Punjab government has allocated Rs 43.44 billion for the Annual Development Programme (ADP) 2004-05 with main focus on accelerating economic growth, poverty alleviation, and consolidation of existing physical and social infrastructure.

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Thursday (June 17, 2004).

The Punjab government has allocated Rs 43.44 billion for the Annual Development Programme (ADP) 2004-05 with main focus on accelerating economic growth, poverty alleviation, and consolidation of existing physical and social infrastructure.

Money market report by Khadim Ali Shah Bukhari & Co on Thursday (June 17, 2004).

The Punjab government has allocated Rs 43.44 billion for the Annual Development Programme (ADP) 2004-05 with main focus on accelerating economic growth, poverty alleviation, and consolidation of existing physical and social infrastructure.

The selling/buying rates for currency notes of major currencies issued by National Bank (NBP) here on Thursday (June 17, 2004).

Punjab Finance Minister Sardar Hasnain Bahadur Dareshak on Thursday presented tax-free provincial budget for 2004-05 with total outlay of Rs 185.324 billion, showing a surplus of Rs 34.65 billion in the Punjab Assembly.

Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Thursday (June 17, 2004).

Punjab Finance Minister Sardar Hasnain Bahadur Dareshak on Thursday presented tax-free provincial budget for 2004-05 with total outlay of Rs 185.324 billion, showing a surplus of Rs 34.65 billion in the Punjab Assembly.

Interest rates on new foreign currency deposits issued by the Treasury Management Division of National Bank of Pakistan on Thursday (June 17, 2004).

Punjab Finance Minister Sardar Hasnain Bahadur Dareshak on Thursday presented tax-free provincial budget for 2004-05 with total outlay of Rs 185.324 billion, showing a surplus of Rs 34.65 billion in the Punjab Assembly.

Interest rates on old and incremental FCY deposits on Thursday (June 17, 2004).

Five units of the Ghazi Barotha hydel power project will start full-fledged power generation from early next month to meet power demand in the country, besides significant reduction in the tariff, Business Recorder reliably learnt here on Thursday.

London Interbank Offer Rates on for calculating interest on special US dollar on Thursday (June 17, 2004).

Five units of the Ghazi Barotha hydel power project will start full-fledged power generation from early next month to meet power demand in the country, besides significant reduction in the tariff, Business Recorder reliably learnt here on Thursday.

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Thursday (June 17, 2004).

United States Agency for International Development (USAID) has provided $75 million to Pakistan as grant assistance to help reduce poverty from the country.

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Thursday (June 17, 2004).

The share prices fell across the board as selling pressure from financial institutions and brokerage houses ignited it whereas the government was still indecisive about the capital value tax (CTV) proposed in the Federal Budget for 2004-05.

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Thursday (June 17, 2004).

The share prices fell across the board as selling pressure from financial institutions and brokerage houses ignited it whereas the government was still indecisive about the capital value tax (CTV) proposed in the Federal Budget for 2004-05.

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

The State Bank of Pakistan (SBP) on Thursday issued a comprehensive circular containing all the instructions about the SBP''s Branch Licensing Policy.

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

The State Bank of Pakistan (SBP) on Thursday issued a comprehensive circular containing all the instructions about the SBP's Branch Licensing Policy.

Karachi interbank rates on Thursday (June 17, 2004).

The State Bank of Pakistan (SBP) on Thursday issued a comprehensive circular containing all the instructions about the SBP's Branch Licensing Policy.

Nicaragua reaped a record sugar crop of 467,108 tonnes for the 2003/04 harvest, up 35.7 percent from the previous year, thanks to investments in productivity and healthy rains, sugar producers said on Wednesday.

The Jamadi-ul-Awwal moon should not be sighted on Friday. The 1st of Jamadi-ul-Awwal, 1425 AH, will, therefore, fall on Sunday, according to the astronomical parameters.

Singapore bunker or ship fuel prices were steady on Thursday as traders said ship-owners stayed out of the market hoping that ample supplies would bring prices lower.

The Jamadi-ul-Awwal moon should not be sighted on Friday. The 1st of Jamadi-ul-Awwal, 1425 AH, will, therefore, fall on Sunday, according to the astronomical parameters.

The Karachi Port handled 124,502 tonnes of cargo including 109,496 tonnes import and 15,006 tonnes export cargo during last 24 hours ending at 0700 hours on Thursday.

The Economic Co-ordination Committee (ECC) of the Cabinet has decided to dedicate 100 MMCFD raw gas from Mari Deep reservoir to the new power projects near Mari gas field to be identified/selected by PPIB in accordance with the approved power policy.

Spot corn and soyabean basis bids in the US Midwest were mostly steady to firm early on Thursday, reflecting a lack of grain offerings from the country, dealers said.

The Economic Co-ordination Committee (ECC) of the Cabinet has decided to dedicate 100 MMCFD raw gas from Mari Deep reservoir to the new power projects near Mari gas field to be identified/selected by PPIB in accordance with the approved power policy.

Soft red winter wheat futures at the Chicago Board of Trade closed mixed on Wednesday, with nearby July buoyed on spreads amid weather worries and supportive export news, traders said.

The Chairman, Securities Exchange Commission of Pakistan, Dr Tariq Hassan, has told bankers that 'badla' financing is being gradually phased out and hopefully would be replaced by margin financing by January 1, 2005. Therefore, he said, banks need to gear

Tunisian state grains agency Office des Cereales has purchased a total of 75,000 tonnes of soft wheat at prices between $159.65 to $162.39 a tonne c&f in a tender which closed on Thursday, European traders said.

The Chairman, Securities Exchange Commission of Pakistan, Dr Tariq Hassan, has told bankers that 'badla' financing is being gradually phased out and hopefully would be replaced by margin financing by January 1, 2005. Therefore, he said, banks need to gear

Argentina kept its 2003/04 soya crop forecast at 32 million tonnes, well below last year's harvest despite the record-high seeding of 14.2 million hectares, the government said on Thursday.

The government and the three stock exchanges have, in principle, agreed to reduce the rate of capital value tax (CVT) to 0.01 percent from the proposed 0.1 percent.

Spot basis bids for US hard red winter wheat were mixed Thursday, but several interior elevators hiked their bids as much as 7 cents per bushel on concerns about movement as rain stalled harvest, dealers said.

The government and the three stock exchanges have, in principle, agreed to reduce the rate of capital value tax (CVT) to 0.01 percent from the proposed 0.1 percent.

Brazil will increase sugar output and sales in the current 2004/05 (May-April) season, trade house Louis Dreyfus said on Thursday.

The government and the three stock exchanges have, in principle, agreed to reduce the rate of capital value tax (CVT) to 0.01 percent from the proposed 0.1 percent.

US FOB Gulf corn and soyabean basis offers were mostly steady on Wednesday, with export demand for both remaining thin, dealers said.

Bombers killed 41 people in two strikes on Iraq's fledgling security forces on Thursday, stepping up a bloody drive to sabotage plans for US-led occupation to give way to Iraqi rule on June 30.

Further free fall in New York cotton futures prices has depressed domestic lint values so that little activity is being reported in the market.

Bombers killed 41 people in two strikes on Iraq's fledgling security forces on Thursday, stepping up a bloody drive to sabotage plans for US-led occupation to give way to Iraqi rule on June 30.

Further free fall in New York cotton futures prices has depressed domestic lint values so that little activity is being reported in the market.

The July vaida opened unchanged at Rs 486.50 and rose by 40 paisa during the day's trading to be highest at Rs 486.90.

Trading on the cotton market maintained sluggish outlook as no deal came to knowledge till shutters were pulled down, sources said.

Kenyan coffee prices were mixed at this week's auction, with firm demand for lower grade offerings and a dearth of buyers for the diminishing supply of top quality beans, traders said on Wednesday.

Some changes were marked on the Jodia Bazar but traders said print them on Friday as market was volatile.

Commodities traded on the seed and grain wholesale markets on Thursday amid good business transaction.

Poor enforcement of federal farm subsidy rules allows potentially ineligible people to get a share of billions of dollars sent each year to cotton, grain and soybean growers, a congressional report said on Wednesday.

Mexican President Vicente Fox on Wednesday urged US investors to look to Mexico, not Asia, for investment opportunities, saying "not everything that shines is gold in relation to China."

Most Shanghai copper futures contracts ended up on Thursday despite paring gains, lifting London Metal Exchange prices from their kerb close levels, traders said.

Tokyo gold futures finished lower on Thursday, pressured by a sell-off in New York and a weakness in the dollar on continuing tension in Iraq, brokers said.

Comex gold futures closed lower on Wednesday, undermined by the strength in the dollar which added to its gains after an unexpected surge in US industrial output reinforced expectations of robust economic activity, traders said.

Gold scarcely budged in Asia on Thursday as the dollar kept gains against other major currencies, while platinum fell on fresh Japanese-led selling, traders said.

Malaysian tin fell on Thursday, dragged down by a retreat on the London Metal Exchange due to further stock increases.

US oil prices were higher on Thursday, supported by the stoppage to Iraqi exports after a series of sabotage strikes on key pipelines and a drop in US gasoline stocks as peak summer demand approached.

Warm and dry weather over the last few weeks has lead A French analyst to significantly cut its estimate of the enlarged European Union's 2004/2005 soft wheat and barley output on Thursday.

Base prices for crude palm oil (CPO) and its by-products will be kept unchanged for another month, the trade and industry ministry said on Thursday.

Chicago Board of Trade rough rice futures settled firm on Wednesday as late commercial buying pared losses due to speculative selling, brokers said.

Tokyo rubber futures rose on Thursday as a soft yen induced light short covering, but gains were later pared after strength in the US dollar sputtered.

Trading in Thai rubber futures surged on Thursday with 111 contracts changing hands in the busiest day since Thailand's first commodities futures exchange opened in late May, dealers said.

Chicago Board of Trade soyabean futures settled mixed on Wednesday with old-crop July lower and new-crop November higher on a correction in the July/November spread which had firmed during the past weeks, traders said.

Cocoa exports from Indonesia's Sulawesi island tripled from January to April to 36,745 tonnes, but dry weather has delayed Malaysia's harvest and raised fears of tighter supply.

Malaysian crude palm oil futures closed lower on Thursday but off a three-week trough, helped by gains in rival Chicago soyaoil after key soyabean contracts on China's Dalian Commodity Exchange rose their three-percent limit. The market was weighed down b

The billionaire Barclay brothers and a consortium of buyout firms were left to contest the auction for Britain's Telegraph newspaper on Thursday after publisher Daily Mail quit because the price was too high.

The billionaire Barclay brothers and a consortium of buyout firms were left to contest the auction for Britain's Telegraph newspaper on Thursday after publisher Daily Mail quit because the price was too high.

Nokia, the world's leading mobile phone maker, said on Thursday it had signed a contract to expand or build new GSM mobile phone networks in nine of Hutchison's 13 license areas in India.

Nokia, the world's leading mobile phone maker, said on Thursday it had signed a contract to expand or build new GSM mobile phone networks in nine of Hutchison's 13 license areas in India.

Saudi Arabia's attempt to join the World Trade Organisation has hit new snags and negotiations on the kingdom's accession will now continue after the summer break, a WTO official said Thursday.

The Indian government is planning to merge the country's state-run banks to create five or six large banks, a leading newspaper said in a report on Thursday.

Producer prices rose at their fastest pace in a year in May, exacerbating concerns about inflation, while initial jobless claims fell last week in fresh signs of an accelerating US economy.

Reform of institutions in poor developing countries is needed if infrastructure projects to provide water and waste disposal are to work, the World Bank has warned in a report called: "Responsible growth for the new millennium".

The prospect of rising US interest rates is not enough to derail a robust US economic recovery, Treasury Secretary John Snow said.

The Senate Banking Committee backed Alan Greenspan for a fifth and final term as chairman of the Federal Reserve on Thursday, sending his nomination to the full Senate for approval.

Sri Lanka is to reintroduce a 100 percent tax on foreign nationals buying property and restrict the sale of land to foreign companies, Finance Minister Sarath Amunugama said on Thursday.

British retail sales rose at the fastest annual pace in two years in May as sunny days tempted Britons to head out to garden centres and clothing stores, stirring worries interest rates will have to climb higher soon.

China has levied anti-dumping duties of up to 46 percent on imports of optical fibre from the United States, Japan and Korea, charging they are sold at unfairly low prices, the Commerce Ministry said.

Automechanika, the leading trade fair for the automobile after-market and original equipment market will start from September 14-19, 2004 in Frankfurt am Main, says a press release.

Russia will ship to the United States half a billion dollars worth of commercial uranium this year under a deal aimed to help Moscow recycle its vast stocks of Cold War-era warheads, a nuclear official said on Thursday.

America's housing boom has fuelled growth in construction, mortgage and real estate jobs, but a rise in mortgage rates could trigger a slowdown that could stop hiring and lead to layoffs, analysts said on Wednesday.

US Treasuries prices gave ground on Wednesday after a batch of solid economic data reinforced investors' tendency to pocket the giant gains of the prior session.

US Treasuries prices gave ground on Wednesday after a batch of solid economic data reinforced investors' tendency to pocket the giant gains of the prior session.

Malaysian shares closed higher on Thursday, led by blue chips amid window-dressing by local funds ahead of end of June book closures.

Hong Kong stocks ended lower on Thursday with China plays falling for the fourth straight day on persistent fears that the central government might take further steps to cool the economy.

The Standard & Poor's 500 and Nasdaq indexes rose for the second session on Wednesday, as a trio of positive reports underscored the strengthening economy, but gains were tempered by worries about world oil supply after attacks on Iraq's oil pipelines.

Singapore shares fell on Thursday after two days of gains as worries about China's economy led investors to sell DBS Group and other blue chips despite robust Singapore monthly export data.

Seoul shares closed one percent higher on Thursday, picking up on a late surge of bargain-hunting focused on technology stocks and as shares in Hyundai Motor rose on news about robust car price rises and sales.

Thai stocks ended lower on Thursday with foreign investors taking profits and volatile world oil prices weighing on market sentiment, analysts said.

Jakarta stocks fell in lethargic trade on Thursday, hurt by climbing interest rates while sentiment remained weak ahead of July 5 presidential elections.

Philippine stocks fell on Thursday on profit-taking in select blue chips like telecom leader PLDT and second-ranked Globe Telecom Inc as political concerns kept most players sidelined.