News Archives for Print - 2004-06-29

Print - 2004-06-29

US treasuries bid prices

US treasuries bid prices on Monday (June 28, 2004).

Published 29 Jun, 2004 12:00am

Tariff anomaly body set up

The government has constituted a tariff anomaly committee to examine anomalies, which have arisen due to customs duty changes in the budget 2004-05.

Published 29 Jun, 2004 12:00am

Open market rates of foreign currencies

Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Monday (June 28, 2004).

Published 29 Jun, 2004 12:00am

Chaudhry Shujaat Hussain held his first meeting as prime minister-designate with President Pervez Musharraf here on Monday and discussed the aftermath of Jamali's resignation including cabinet formation.

Published 29 Jun, 2004 12:00am

London Interbank Offered Rates

London Interbank Offered Rates (LIBOR) on Monday (June 28, 2004).

Published 29 Jun, 2004 12:00am

Shujaat meets Musharraf

Published 29 Jun, 2004 12:00am

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (June 28, 2004).

Published 29 Jun, 2004 12:00am

MCB ratings maintained

The Pakistan Credit Rating Agency (Pacra) has maintained the long-term and the short-term ratings of the Muslim Commercial Bank Limited (MCB) at "AA" (double A) and "A1+" (A one plus), respectively.

Published 29 Jun, 2004 12:00am

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (June 28, 2004).

Published 29 Jun, 2004 12:00am

MCB ratings maintained

The Pakistan Credit Rating Agency (Pacra) has maintained the long-term and the short-term ratings of the Muslim Commercial Bank Limited (MCB) at "AA" (double A) and "A1+" (A one plus), respectively.

Published 29 Jun, 2004 12:00am

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Monday (June 28, 2004).

Published 29 Jun, 2004 12:00am

Seven Afghan cops and five Taleban killed

Gunmen killed seven Afghan policemen in an ambush in the western province of Farah at the weekend, the latest in a spate of violence ahead of elections supposed to be held in September, an official said on Monday.

Published 29 Jun, 2004 12:00am

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Monday (June 28, 2004).

Published 29 Jun, 2004 12:00am

HBL gets award of best bank in sub-continent

The Habib Bank Limited has been awarded 'the best overall bank in the subcontinent" by Emerging Market, a Euromoney publication.

Published 29 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 Monday (June 28, 2004).

Published 29 Jun, 2004 12:00am

Oman Bank ratings reaffirmed

JCR-VIS Credit Rating Company Limited (JCR-VIS) has reaffirmed the medium to long-term entity rating of Oman International Bank S.A.O.G Pakistan Branches (OIBP) at 'BBB' (Triple B) with a 'Stable' outlook. The assigned short-term rating has also been reaf

Published 29 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 Monday (June 28, 2004).

Published 29 Jun, 2004 12:00am

Oman Bank ratings reaffirmed

Published 29 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 Monday (June 28, 2004).

Published 29 Jun, 2004 12:00am

Mother begs Hafeez's captors for his release

The distraught mother of a local citizen kidnapped in Iraq and threatened with execution begged his captors on Monday to release him, saying he had done nothing wrong.

Published 29 Jun, 2004 12:00am

Interest rates on old and incremental FCY deposits

Interest rates on old and incremental FCY deposits on Monday (June 28, 2004).

Published 29 Jun, 2004 12:00am

Bank holiday

All the banks across the country will remain closed on July 1 (Thursday), said a circular issued by the State Bank of Pakistan.

Published 29 Jun, 2004 12:00am

LIBOR calculating interest on US dollar

London Interbank Offer Rates on for calculating interest on special US dollar on Monday (June 28, 2004).

Published 29 Jun, 2004 12:00am

Bank holiday

All the banks across the country will remain closed on July 1 (Thursday), said a circular issued by the State Bank of Pakistan.

Published 29 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 Monday (June 28, 2004).

Published 29 Jun, 2004 12:00am

Politician and cop killed in IOK

Suspected Mujahideen overnight shot dead a pro-Indian politician and a policeman in continuing violence in Indian occupied Kashmir, an occupation police spokesman said on Monday.

Published 29 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 Monday (June 28, 2004).

Published 29 Jun, 2004 12:00am

Lukoil's Iraqi field to start in 2005

Russian oil major Lukoil plans to produce the first oil from Iraq's giant West Qurna field next year, the firm's chief executive Vagit Alekperov was quoted as saying on Monday.

Published 29 Jun, 2004 12:00am

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Monday (June 28, 2004).

Published 29 Jun, 2004 12:00am

Pakistan has joined war against al Qaeda: Bush

President George Bush on Monday commended President General Pervez Musharraf for his "concerted decision" to go after al Qaeda suspects in the tribal areas.

Published 29 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 29 Jun, 2004 12:00am

Pakistan has joined war against al Qaeda: Bush

President George Bush on Monday commended President General Pervez Musharraf for his "concerted decision" to go after al Qaeda suspects in the tribal areas.

Published 29 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 29 Jun, 2004 12:00am

Singapore plans free trade talks with Pakistan

Singapore plans to launch free trade talks with Pakistan, Sri Lanka and Bahrain, Minister for Trade and Industry George Yeo said on Monday.

Published 29 Jun, 2004 12:00am

Karachi interbank rates

Karachi interbank rates on Monday (June 28, 2004).

Published 29 Jun, 2004 12:00am

Singapore plans free trade talks with Pakistan

Singapore plans to launch free trade talks with Pakistan, Sri Lanka and Bahrain, Minister for Trade and Industry George Yeo said on Monday.

Published 29 Jun, 2004 12:00am

Pakistan Economic Indicators

Pakistan economic indicators on June 28

Published 29 Jun, 2004 12:00am

Singh sends message to Musharraf

Indian Prime Minister Manmohan Singh on Monday handed over a message to Pakistan Foreign Secretary Riaz Khokhar for President Pervez Musharraf.

Published 29 Jun, 2004 12:00am

China's copper concentrate fees rise 30 percent

China's top copper smelters will receive fees nearly 30 percent higher than a week ago for processing 10,000 tonnes of spot Chilean copper concentrate bought at a tender on Friday, the smelters' raw material purchasing group said on Monday.

Published 29 Jun, 2004 12:00am

Singh sends message to Musharraf

Indian Prime Minister Manmohan Singh on Monday handed over a message to Pakistan Foreign Secretary Riaz Khokhar for President Pervez Musharraf.

Published 29 Jun, 2004 12:00am

Oil cake market rates

The July vaida opened unchanged at Rs 489, and highest was noted at Rs 490.70. Later trading dipped and it turned lowest at Rs 489.00 white closing was seen at Rs 490.70.

Published 29 Jun, 2004 12:00am

SBP to stop issuing Rs 5 note from July 1

State Bank of Pakistan (SBP) will stop issuance of Rs five currency notes from its all field offices from July 1, on Saturday, thus paving way for the tingling coin of the same denomination.

Published 29 Jun, 2004 12:00am

Cotton spot rate further cut: no trading reported

Spot rate was further slashed on Monday though spinner showed not much interest in buying cotton, relevant sources said.

Published 29 Jun, 2004 12:00am

World interest rate rise risk to emerging markets: BIS

Rising global interest rates may cause strong capital flows away from emerging market countries, threatening their growth and stability, the Bank for International Settlements (BIS) said on Monday.

Published 29 Jun, 2004 12:00am

Abidjan cocoa exports up

Cocoa beans declared for export by shippers at Ivory Coast's main port of Abidjan since the start of the 2003/04 (October-September) season reached 744,762 tonnes by June 20, official data showed on Monday.

Published 29 Jun, 2004 12:00am

World interest rate rise risk to emerging markets: BIS

Rising global interest rates may cause strong capital flows away from emerging market countries, threatening their growth and stability, the Bank for International Settlements (BIS) said on Monday.

Published 29 Jun, 2004 12:00am

Wheat down on grain market

Generally steady conditions obtained on the seed and grain wholesale markets, amid low business activity on Monday (June 28, 2004).

Published 29 Jun, 2004 12:00am

WTO delays ruling in Brazil-EU sugar spat

The World Trade Organisation (WTO) has put off a ruling in a closely watched dispute between Brazil and Brussels over European Union sugar subsidies for two months until early September.

Published 29 Jun, 2004 12:00am

Milk powder mixed on Jodia Bazar

A few changes were noted on Jodia Bazar on Monday (June 28, 2004).

Published 29 Jun, 2004 12:00am

Italy's data shows CPI at 2004 high on oil cost

Italian inflation jumped in June, bolstered by energy costs, hitting its highest level this year after 13 cities from Milan to Bari on Monday reported consumer price figures above economists' forecasts.

Published 29 Jun, 2004 12:00am

AWB and GrainCorp, form grains joint-venture for exports

Leading Australian grains groups AWB Ltd and GrainCorp Ltd said on Monday they had formed a joint-venture to better manage the logistics of grain exports on Australia's east coast.

Published 29 Jun, 2004 12:00am

New Iraqi government seeks to improve oil security

Iraq's new interim government, which took power on Monday may gradually be able to alleviate the sabotage attacks that have plagued the country's efforts to revive post-war oil exports.

Published 29 Jun, 2004 12:00am

China sees quick resolution to Brazilian soya problem

China, the world's top soya importer, aims to quickly resolve the problem of stalled Brazilian soya cargoes hindering the $1.7 billion trade in the oilseed between the two nations, an official said on Monday.

Published 29 Jun, 2004 12:00am

Newcomers unlikely to adopt euro 2006: Commission

Estonia, Lithuania and Slovenia, which joined the EU's Exchange Rate Mechanism (ERM-2) system on Sunday, are unlikely to adopt the euro before the start of 2007, the European Commission said on Monday.

Published 29 Jun, 2004 12:00am

US beef trade steady despite mad cow worry

US beef trade, particularly with Canada and Mexico, is not likely to be eroded by Friday's announcement of an "inconclusive" test for mad cow disease on one head of cattle, US Agriculture Under-secretary JB Penn said on Monday.

Published 29 Jun, 2004 12:00am

LSE index scores a century

The Lahore Stock Exchange (LSE) welcomed the change in the political scenario of the country following resignation of Mir Zafarullah Khan Jamali from the premier-ship, backed by aggressive institutional buying, the index scored a century with a significan

Published 29 Jun, 2004 12:00am

South Africa maize stocks down

South Africa's maize stocks stood at 2.81 million tonnes in May compared to 3.74 million tonnes at the same time last year, official figures showed on Monday.

Published 29 Jun, 2004 12:00am

LSE index scores a century

Published 29 Jun, 2004 12:00am

US cotton sowings seen down amid ideal conditions

US 2004 cotton plantings should decline in the US Department of Agricultures annual sowings report, but conditions across the country's cotton belt are said to be ideal for the developing crop, analysts said Monday.

Published 29 Jun, 2004 12:00am

EU to designate Solana as future foreign minister

European Union leaders will officially designate Javier Solana as the bloc's future first foreign minister when they reappoint him as foreign policy high representative on Tuesday, an EU source said on Monday.

Published 29 Jun, 2004 12:00am

South African sugar sector wary about EU reforms

South African sugar producers were sceptical on Monday of suggestions that EU reforms will increase their access to world markets, saying current sweeping proposals were unlikely to be accepted.

Published 29 Jun, 2004 12:00am

ISE index up by 195.10 points

Fresh buying spree in hot favourites expanded the overall turnover of Islamabad Stock Exchange (ISE) where bulls dominated the proceedings amid increase in index.

Published 29 Jun, 2004 12:00am

UK's Highland gets more Russian gold

Britain's Highland Gold Mining will soon receive a 20-year licence to run two medium-size deposits in Russia's far east, adding to its fast-growing list of gold assets in Russia, the company said on Monday.

Published 29 Jun, 2004 12:00am

ISE index up by 195.10 points

Fresh buying spree in hot favourites expanded the overall turnover of Islamabad Stock Exchange (ISE) where bulls dominated the proceedings amid increase in index.

Published 29 Jun, 2004 12:00am

US Midwest soyabean and corn bids steady to firm

Spot basis bids for soyabeans and corn were steady to firm at most US Midwest locations early on Monday as buyers tried to draw out grain from reluctant farmers, dealers said.

Published 29 Jun, 2004 12:00am

Mongolia opposition claims victory

Mongolia's opposition democrats claimed what would be a stunning victory on Monday in parliamentary elections disputed by Prime Minister Nambaryn Enkhbayar who accused his rivals of widespread vote rigging.

Published 29 Jun, 2004 12:00am

Brazilian coffee seen dry

Scattered showers in Parana and Sao Paulo states will give way to dry and warm weather with no risk of frost in coffee areas in the next 10 days, private forecaster Somar said on Monday.

Published 29 Jun, 2004 12:00am

Commanders discuss security, other issues

Corps Commanders Conference was held at the General Headquarters here on Monday. President General Pervez Musharraf chaired the conference.

Published 29 Jun, 2004 12:00am

Maersk wins bid to operate Indian port

Danish shipping and oil group A. P. Moeller-Maersk has won a price bid to develop and operate an Indian shipping port, the company said on Monday.

Published 29 Jun, 2004 12:00am

Commanders discuss security, other issues

Corps Commanders Conference was held at the General Headquarters here on Monday. President General Pervez Musharraf chaired the conference.

Published 29 Jun, 2004 12:00am

Spain will not implement farm reform

Spain will not start implementing reforms to its farm policy, agreed at European Union level last year, until January 2006, Agriculture Minister Elena Espinosa said on Monday.

Published 29 Jun, 2004 12:00am

Nepra cuts tariffs for Iesco and Gepco consumers

National Electric Power Regulatory Authority (Nepra) here on Monday significantly reduced the power tariff for residential, commercial, industrial and agricultural consumers of the Islamabad Electric Supply Company (Iesco) and Gujranwala Electric Power Co

Published 29 Jun, 2004 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 26	278.58
USD PKR Interbank Buying / Apr 26	278.28
USD to Japanese Yen / Apr 26	158.33
USD to Swiss Franc / Apr 26	0.91
Pound Sterling to USD / Apr 26	1.25
Euro to USD / Apr 26	1.07

Stock	Volume
S&P 500 / Apr 26	5099.96
India Sensex / Apr 26	73730.16
Tokyo Nikkei / Apr 26	37934.76
Nasdaq / Apr 26	15927.90
Hang Seng / Apr 26	17651.15
FTSE 100 / Apr 26	8139.83
Dow Jones / Apr 26	38239.66
Germany DAX 30 / Apr 26	18161.01

Item	Value
Crude Oil USD/Barrel / Apr 26	83.85
Karachi Cotton PKR/37.32 KG / Apr 26	20535
Gold 10 Grams PKR / Apr 26	210048
Gold Spot USD/Ounce / Apr 26	2337.96
Cotton US¢/pound / Apr 26	80.90
Petrol/Litre / Apr 28	293.94

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 28 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 28 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 28 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 28 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 28 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 28 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 28 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 28 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 28 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 28 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 28 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 28 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 28 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 28 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 28 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 28 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 28 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 28 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 28 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 28 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 28 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 28 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 28 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 28 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 28 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 28 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 28 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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