News Archives for Print - 2004-07-06

Print - 2004-07-06

Open market rates of foreign currencies

Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Monday (July 05, 2004).

Published 06 Jul, 2004 12:00am

Gas discharge near school Musharraf visited

Police scrambled on Monday to stop a large gas leak in downtown Stockholm only minutes away from the city's School of Economics where President Pervez Musharraf was visiting.

Published 06 Jul, 2004 12:00am

London Interbank Offered Rates

London Interbank Offered Rates (LIBOR) on Monday (July 05, 2004).

Published 06 Jul, 2004 12:00am

Gas discharge near school Musharraf visited

Police scrambled on Monday to stop a large gas leak in downtown Stockholm only minutes away from the city's School of Economics where President Pervez Musharraf was visiting.

Published 06 Jul, 2004 12:00am

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (July 05, 2004).

Published 06 Jul, 2004 12:00am

US air strike kills 12 Iraqis

A US warplane dropped six massive bombs on a house in the volatile Iraqi city of Fallujah late Monday, killing 12 people and wounded five others, the military and local residents said.

Published 06 Jul, 2004 12:00am

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (July 05, 2004).

Published 06 Jul, 2004 12:00am

US air strike kills 12 Iraqis

A US warplane dropped six massive bombs on a house in the volatile Iraqi city of Fallujah late Monday, killing 12 people and wounded five others, the military and local residents said.

Published 06 Jul, 2004 12:00am

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Monday (July 05, 2004).

Published 06 Jul, 2004 12:00am

The Pakistan Vanaspati Manufacturers Association (PVMA) has replaced its chairman, Babu Ibrahim, and promoted Senior Vice Chairman Shaikh Ikram to the office. Babu was elected to the office for one-year term last October.

Published 06 Jul, 2004 12:00am

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Monday (July 05, 2004).

Published 06 Jul, 2004 12:00am

PVMA chief replaced

Published 06 Jul, 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 (July 05, 2004).

Published 06 Jul, 2004 12:00am

Islamabad and Delhi both longing for peace: Musharraf

India's premier and opposition leader want peace with Pakistan, whose leaders also seek an end to the long conflict, President Pervez Musharraf said on Monday.

Published 06 Jul, 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 (July 05, 2004).

Published 06 Jul, 2004 12:00am

Islamabad and Delhi both longing for peace: Musharraf

India's premier and opposition leader want peace with Pakistan, whose leaders also seek an end to the long conflict, President Pervez Musharraf said on Monday.

Published 06 Jul, 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 (July 05, 2004).

Published 06 Jul, 2004 12:00am

Trade deficit balloons to $3.2 billion despite exports reach $12.3 billion

The country's exports in last financial year grew by , better-than-expected 11 percent, aided by higher textile shipments, but the trade deficit, which ballooned was worrisome for the economic managers as it would put immense pressure on the country's for

Published 06 Jul, 2004 12:00am

Interest rates on old and incremental FCY deposits

Interest rates on old and incremental FCY deposits on Monday (July 05, 2004).

Published 06 Jul, 2004 12:00am

Trade deficit balloons to $3.2 billion despite exports reach $12.3 billion

Published 06 Jul, 2004 12:00am

LIBOR calculating interest on US dollar

London Interbank Offer Rates on for calculating interest on special US dollar on Monday (July 05, 2004).

Published 06 Jul, 2004 12:00am

Iraq oil exports yet to recover from sabotage

Crews are repairing a main pipeline feeding southern terminals that was sabotaged last week, halving oil exports, officials and shipping agents said on Monday.

Published 06 Jul, 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 (July 05, 2004).

Published 06 Jul, 2004 12:00am

Indian diplomat considered for UN envoy to Iraq

The former Indian foreign secretary, Salman Haider, was the front-runner to head the new UN mission in Iraq, diplomats said on Friday.

Published 06 Jul, 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 (July 05, 2004).

Published 06 Jul, 2004 12:00am

Eurozone services growth slips in June

The eurozone's dominant service sector grew at a slightly slower pace in June as demand growth eased in Germany and high oil prices continued to squeeze profit margins, a survey of 2,000 companies showed on Monday.

Published 06 Jul, 2004 12:00am

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Monday (July 05, 2004).

Published 06 Jul, 2004 12:00am

Tax inspectors investigate two biggest Kazakhstan's banks

Kazakhstan's finance ministry is investigating the country's two biggest commercial banks for possible tax violations, the banks said on Monday but they denied media reports that they faced big bills.

Published 06 Jul, 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 06 Jul, 2004 12:00am

ISE: bulls remain in front seat

Bulls continued to stay in the front seat at the Islamabad Stock Exchange (ISE) where equities showed positive signs amid increase in index.

Published 06 Jul, 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 06 Jul, 2004 12:00am

ISE: bulls remain in front seat

Bulls continued to stay in the front seat at the Islamabad Stock Exchange (ISE) where equities showed positive signs amid increase in index.

Published 06 Jul, 2004 12:00am

Karachi interbank rates

Karachi interbank rates on Monday (July 05, 2004).

Published 06 Jul, 2004 12:00am

Lahore stocks reassemble

With buying interest in oil & gas sector and banking stocks, share values on Lahore Stock Exchange (LSE) showed upward tendency on Monday, amid declining trade turnover.

Published 06 Jul, 2004 12:00am

Ukraine's rapeseed crop seen higher

Ukraine is likely to increase its rapeseed crop to 146,000 tonnes in 2004 from about 50,000 last year due to an increased area, analysts said on Monday.

Published 06 Jul, 2004 12:00am

Lahore stocks reassemble

With buying interest in oil & gas sector and banking stocks, share values on Lahore Stock Exchange (LSE) showed upward tendency on Monday, amid declining trade turnover.

Published 06 Jul, 2004 12:00am

Oil cake market rates

The July vaida opened unchanged at Rs 490.70, and rose by 30 paisa to be the highest at Rs 491. Later in depressed trading in lost and was seen lowest at the opening level and closing was also seen at the same level.

Published 06 Jul, 2004 12:00am

UK visa services suspended

The British High Commission has closed down its consular services "because of security threats" which will remain suspended until further notice.

Published 06 Jul, 2004 12:00am

Spot rate slashed as cotton market remains cheerless

The cotton market was cheerless on Monday as no deal was struck till late in the evening, relevant sources said.

Published 06 Jul, 2004 12:00am

UK visa services suspended

The British High Commission has closed down its consular services "because of security threats" which will remain suspended until further notice.

Published 06 Jul, 2004 12:00am

Cotton cakes up on grain market

A couple of changes on the seed and grain wholesale markets on Monday (July 05, 2004).

Published 06 Jul, 2004 12:00am

ARF entry to help promote economic interests: foreign office

The Foreign Office believes that the hard-earned accession to the Asian Regional Forum of the Association of South-East Asian Nations (Asean) will promote the economic and commercial interests of the country.

Published 06 Jul, 2004 12:00am

Plastic mouldings up on Jodia Bazar

Plastic mouldings had some significant changes on the Jodia Bazar on Monday amid generally firm trend.

Published 06 Jul, 2004 12:00am

KSE index up by 46.75 points

The share market on the first session of the week recorded tremendous gains under the lead of OGDC, Bank of Punjab and National Bank, but the low turnover indicated that seasoned investors had adopted cautious approach.

Published 06 Jul, 2004 12:00am

Argentina sales 6.635 million tonnes corn

Argentine export commitments of 2003/04 corn totalled 6.635 million tonnes by July 2, up from 6.04 million tonnes the week before, the Agriculture Department said on Monday.

Published 06 Jul, 2004 12:00am

KSE index up by 46.75 points

Published 06 Jul, 2004 12:00am

Algeria cuts grains harvest to 4 million tonnes

Algeria will produce a lower than expected cereals harvest of four million tonnes in 2004 due to recent bad weather, the Agriculture Ministry said on Sunday.

Published 06 Jul, 2004 12:00am

Filling $3 billion current account gap not a difficult task: bankers' view

Pakistan would need to cover a $3 billion gap in its current account in FY 2004-05, if the forex reserves position is to be kept stable at present level.

Published 06 Jul, 2004 12:00am

South Korean nickel output seen down on furnace closure

South Korea's only nickel refinery, Korea Nickel Corp, will produce 27 percent less of the metal than planned this year due to a 6-1/2-month shutdown of its main furnace, an industry source said on Monday.

Published 06 Jul, 2004 12:00am

Filling $3 billion current account gap not a difficult task: bankers' view

Pakistan would need to cover a $3 billion gap in its current account in FY 2004-05, if the forex reserves position is to be kept stable at present level.

Published 06 Jul, 2004 12:00am

Brazilian coffee belt seen frost-free

Brazil's coffee belt will avoid frost through July 21 as a couple of cold fronts pass to the south of the productive region this week, private forecaster Somar said on Monday.

Published 06 Jul, 2004 12:00am

Standard Chartered converts capital with SBP into rupee

After a presence of over 150 years in this region, Standard Chartered Bank has reportedly converted its capital from US dollar to Pak rupee since the bank feels that the radical improvement in the macroeconomic situation in Pakistan is of permanent nature

Published 06 Jul, 2004 12:00am

Funds send London coffee to six-month low

Aggressive fund selling sent London robusta coffee futures spiralling to their weakest in just over six months on Monday, hacking nearly nine percent off prices at one point, although prices bounced off the lows, traders said.

Published 06 Jul, 2004 12:00am

Standard Chartered converts capital with SBP into rupee

Published 06 Jul, 2004 12:00am

London cocoa ends modestly higher

London Liffe cocoa futures finished modestly higher on Monday, as the market found its footing after a sell-off to 2-1/2-year lows at the end of last week, with traders trying to gauge whether the market would enter a new, lower trading range

Published 06 Jul, 2004 12:00am

Pakistan buys Mirage jets from Libya

Pakistan has turned to old ally Libya to purchase a fleet of Mirage fighter jets and spare parts, an air force spokesman said on Monday. "Libya had a fleet of Mirages which was grounded for over a decade. We have purchased that fleet at a very reasonable

Published 06 Jul, 2004 12:00am

Philippines to buy up to 250,000 tonnes rice

The Philippines, one of Asia's largest rice importers, may buy up to 250,000 tonnes of rice this week for buffer stocks in the third quarter, a senior official said on Monday.

Published 06 Jul, 2004 12:00am

Pakistan buys Mirage jets from Libya

Published 06 Jul, 2004 12:00am

Dryness hurts Argentine wheat seedings

Ongoing dry weather is delaying 2004/05 wheat plantings and will reduce the number of hectares seeded in some parts of Argentina, the private Buenos Aires Grain Exchange said on Monday.

Published 06 Jul, 2004 12:00am

Musharraf, Persson stress on Kashmir dispute resolution

President General Pervez Musharraf and Swedish Prime Minister Goeran Persson on Monday held wide-ranging talks, with both leaders emphasising the importance of a peaceful resolution of the lingering Kashmir dispute for durable peace and development in Sou

Published 06 Jul, 2004 12:00am

Indian firm buys South American raw sugar

India's Dhampur Sugar Mills Ltd has bought 50,000 tonnes of raw sugar from South America, a senior company official said on Monday.

Published 06 Jul, 2004 12:00am

Musharraf, Persson stress on Kashmir dispute resolution

Published 06 Jul, 2004 12:00am

Argentine wheat sales reach 5.475 million tonnes

Argentine export commitments of 2003/04 wheat totalled 5.475 million tonnes by July 2, up from 5.315 million tonnes the week before, the Agriculture Department said on Monday.

Published 06 Jul, 2004 12:00am

Reception held to mark Japanese SDF day

The Embassy of Japan here celebrated 50th anniversary of Self-Defence Forces (SDF) day to commemorate the establishment of the Japan Defence Agency and the inauguration of Japan's Ground, Maritime and Air Self-Defence Forces on 1 July 1954.

Published 06 Jul, 2004 12:00am

European vegetable oil market quiet as CBOT closed

The European vegetable oil market was quiet on Monday, mainly due to lack of a fresh lead as the Chicago Board of Trade, which sets the tone in Europe, was closed, traders said.

Published 06 Jul, 2004 12:00am

Benazir using tactics to delay proceedings: British lawyer

Contrary to Benazir Bhutto's public posture of clearing her name from allegations of $13.8 million money laundering case pending against her before the Swiss Court, she was using all tactics to delay the proceedings, said a British lawyer.

Published 06 Jul, 2004 12:00am

Indian gold output rises 17 percent

Gold production in India, the world's largest importer and consumer of the metal, rose to 1.45 tonnes in the two months of April and May from 1.24 tonnes in the same period a year ago, a government statement said.

Published 06 Jul, 2004 12:00am

Production shows good growth

The eleven months' production in the consumer items like cars, jeeps, motorcycles, fertilisers, cotton cloth and others has shown tremendous increase.

Published 06 Jul, 2004 12:00am

Mauritius sugar exports down

Mauritius exported 26,973 tonnes of sugar in April, down from 29,459 tonnes in the same month last year, the Mauritius Sugar Syndicate (MSS) said on Monday.

Published 06 Jul, 2004 12:00am

Production shows good growth

The eleven months' production in the consumer items like cars, jeeps, motorcycles, fertilisers, cotton cloth and others has shown tremendous increase.

Published 06 Jul, 2004 12:00am

Shenzhen sea container traffic up

Sea container traffic in the southern Chinese boomtown of Shenzhen grew more than 32 percent in the first six months from the same period in 2003, the Shenzhen Municipal Port Authority said on Monday.

Published 06 Jul, 2004 12:00am

19 firms awarded LDI licences

The Pakistan Telecommunication Authority (PTA) on Monday declared 19 companies as successful for grant of long distance international (LDI) licenses. 23 companies had applied for LDI licenses. Four companies could not meet the conditions and, hence, were

Published 06 Jul, 2004 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 22	278.62
USD PKR Interbank Buying / May 22	278.42
USD to Japanese Yen / May 22	156.82
USD to Swiss Franc / May 22	0.92
Pound Sterling to USD / May 22	1.27
Euro to USD / May 22	1.08

Stock	Volume
S&P 500 / May 22	5307.01
India Sensex / May 22	74221.06
Tokyo Nikkei / May 22	38876.82
Nasdaq / May 22	16801.54
Hang Seng / May 22	19024.41
FTSE 100 / May 22	8370.33
Dow Jones / May 22	39671.04
Germany DAX 30 / May 22	18680.20

Item	Value
Crude Oil USD/Barrel / May 22	76.88
Karachi Cotton PKR/37.32 KG / May 22	19935
Gold 10 Grams PKR / May 22	212791
Gold Spot USD/Ounce / May 22	2371.48
Cotton US¢/pound / May 22	79
Petrol/Litre / May 23	273.10

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 23 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 23 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 23 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 23 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 23 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 23 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 23 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 23 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 23 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 23 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 23 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 23 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 23 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 23 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 23 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 23 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 23 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 23 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 23 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 23 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 23 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 23 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 23 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 23 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 23 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 23 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 23 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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