News Archives for Print - 2005-03-03

NJLI Managed Growth Fund Rates

New Jubilee Life Insurance Managed Growth Fund Rates on Wednesday (March 02, 2005).

Published 03 Mar, 2005 12:00am

Sindh University syndicate approves purchase of 100 buses

Sindh University syndicate on Saturday approved purchase of a fleet of 100 Hino buses to improve the transport facilities to students of the university. The varsity syndicate in its 22nd meeting held on Saturday under the chairmanship of Sindh University

Published 03 Mar, 2005 12:00am

NJLI Managed Growth Fund Rates

New Jubilee Life Insurance Managed Growth Fund Rates on Wednesday (March 02, 2005).

Published 03 Mar, 2005 12:00am

NAB should be an independent body: Imran

Chairman, Tehrik-e-Insaf Imran Khan has expressed the view that National Accountability Bureau (NAB) should be an independent body and that it should not be under the government control. "It must be an autonomous organisation under the superior courts, ot

Published 03 Mar, 2005 12:00am

NJLI Managed Growth Fund Rates

New Jubilee Life Insurance Managed Growth Fund Rates on Wednesday (March 02, 2005).

Published 03 Mar, 2005 12:00am

ANP general secretary sacked

Awami National Party (ANP) Central President Asfandyar Wali Khan has expelled the basic membership of NWFP ANP General Secretary Farid Khan Toofan over charges of misbehaving with party men. The decision was taken by Asfandyar Wali Khan after expressing d

Published 03 Mar, 2005 12:00am

BMA-PGBI Closing Bell

Commentary: The BMA Pakistan Government Bond Index (BMA-PGBI) moved up by 1 bps to 99.15 on account of interest rate return. Yield observed slightly rising trend otherwise activity in PIBs was still low.

Published 03 Mar, 2005 12:00am

Separate ministry of solid minerals demanded

Scholars demanded of the government to introduce a separate ministry of solid minerals to develop this sector at a faster pace and increasing its contributions to the national economy. They were speaking at the concluding session of the two-day National G

Published 03 Mar, 2005 12:00am

BMA-PGBI Closing Bell

Commentary: The BMA Pakistan Government Bond Index (BMA-PGBI) moved up by 1 bps to 99.15 on account of interest rate return. Yield observed slightly rising trend otherwise activity in PIBs was still low.

Published 03 Mar, 2005 12:00am

Punjab preparing five-year industrial policy

The Punjab government is preparing a five year industrial policy for further accelerating the pace of industrial activities as well as to ensure strong export base in the province. Official sources told Business Recorder on Wednesday here that unde

Published 03 Mar, 2005 12:00am

BMA-PGBI Closing Bell

Commentary: The BMA Pakistan Government Bond Index (BMA-PGBI) moved up by 1 bps to 99.15 on account of interest rate return. Yield observed slightly rising trend otherwise activity in PIBs was still low.

Published 03 Mar, 2005 12:00am

MQM's relief operations in rain-hit areas of NWFP

The Khidmat-e-Khalq Foundation (KKF) of the Muttahida Qaumi Movement (MQM) on Tuesday started relief activities in the NWFP with distribution of cash and relief goods among the rain-affected people of district Lakki Marwat. Addressing a press conference,

Published 03 Mar, 2005 12:00am

Pakistan Investment Bond: Secondary Market Yields

PIB secondary market yield rates on Wednesday (March 02, 2005).

Published 03 Mar, 2005 12:00am

MCB to expand Islamic banking services

The Muslim Commercial Bank Limited (MCB) will have 10 dedicated branches offering Islamic banking services by the end of the current calendar year. At present, the MCB has five branches across the country offering different Shariah compliant products. MCB

Published 03 Mar, 2005 12:00am

Pakistan Investment Bond: Secondary Market Yields

PIB secondary market yield rates on Wednesday (March 02, 2005).

Published 03 Mar, 2005 12:00am

Pollen allergy-free medical camp from March 7

Third pollen allergy-free medical camp will be set up in Aabpara Community Centre from March 7 to April 6. The camp will be established in collaboration with National Institute of Health (NIH), Federal Government Services Hospital, Pakistan Institute of M

Published 03 Mar, 2005 12:00am

Pakistan Investment Bond: Secondary Market Yields

PIB secondary market yield rates on Wednesday (March 02, 2005).

Published 03 Mar, 2005 12:00am

APNS council meetings on March 17

The council meetings of the All Pakistan Newspapers Society (APNS) will be held here on March 17 to approve proposed amendments to the APNS constitution and elect new office-bearers, a press release said. The executive committee of the APNS at its meeting

Published 03 Mar, 2005 12:00am

Treasury-Bills Secondary Market Yields

Treasury bills secondary market yields rate on Wednesday (March 02, 2005).

Published 03 Mar, 2005 12:00am

FROM A RINGSIDE SEAT

The National Assembly last night rejected the Sherry Rahman's bill seeking amendment to the law on honour killing, and normally the matter should have rested there. But the debate on the bill returned to the House on Wednesday afternoon with such great fo

Published 03 Mar, 2005 12:00am

Treasury-Bills Secondary Market Yields

Treasury bills secondary market yields rate on Wednesday (March 02, 2005).

Published 03 Mar, 2005 12:00am

Custodial deaths: opposition stages walkout on provision of 'fake statistics'

The opposition in the National Assembly on Wednesday staged a token walkout on the provision of 'fake statistics' by the government of custodial deaths during the last six months across the country. Earlier, on a question on custodial deaths Minister of S

Published 03 Mar, 2005 12:00am

Treasury-Bills Secondary Market Yields

Treasury bills secondary market yields rate on Wednesday (March 02, 2005).

Published 03 Mar, 2005 12:00am

UK to provide $10 million for polio eradication

The Government of United Kingdom will provide $10 million to Pakistan for polio eradication. UK Department of International Development (DFID) will provide funding to the World Health Organisation (WHO) for distribution among the concerned stakeholders. I

Published 03 Mar, 2005 12:00am

US treasuries bid yields

US treasuries bid yields on Wednesday (March 02, 2005).

Published 03 Mar, 2005 12:00am

Sindh government setup under no threat: Arbab

"There is no threat to provincial government, and political setup will not be disturbed," said Sindh Chief Minister Arbab Ghulam Rahim while responding to questions by media here at Sindh House on Wednesday. "President Musharraf, Prime Minister Shaukat Az

Published 03 Mar, 2005 12:00am

US treasuries bid yields

US treasuries bid yields on Wednesday (March 02, 2005).

Published 03 Mar, 2005 12:00am

US firm to build $200 million World Trade Centre at Port Qasim

A US company would build a World Trade Centre (WTC) at Port Qasim at a cost of $200 million, said Federal Ports and Shipping Minister Babar Khan Ghauri. The ground-breaking ceremony of the WTC would be held this month, the minister told a private televisi

Published 03 Mar, 2005 12:00am

US treasuries bid yields

US treasuries bid yields on Wednesday (March 02, 2005).

Published 03 Mar, 2005 12:00am

Duty on textile raw material to be cut in budget: minister

Textile Minister, Chaudhry Mushtaq Ali Cheema on Wednesday said that the government would announce substantial reduction in duty in the budget on import of textile's raw material and finished items to narrow down profit/margin between smuggled and importe

Published 03 Mar, 2005 12:00am

US treasuries bid prices

US treasuries bid prices on Wednesday (March 02, 2005).

Published 03 Mar, 2005 12:00am

Economic ties with Kazakhstan to grow: Prime Minister

Prime Minister Shaukat Aziz on Wednesday said Pakistan and Kazakhstan enjoyed close diplomatic relations and hoped that bilateral economic ties would further enhance in future. He was talking to a Kazakhstan media delegation led by Andrey Georgiyevich, wh

Published 03 Mar, 2005 12:00am

US treasuries bid prices

US treasuries bid prices on Wednesday (March 02, 2005).

Published 03 Mar, 2005 12:00am

Allegations and counter-allegations mar National Assembly proceedings

The National Assembly on Wednesday witnessed clear divisions within the treasury and the opposition benches on whether or not the Parliament had a role in implementation of Islamic Shariah in the country. Allegations and counter-allegations marred the pro

Published 03 Mar, 2005 12:00am

US treasuries bid prices

US treasuries bid prices on Wednesday (March 02, 2005).

Published 03 Mar, 2005 12:00am

Rain forecast in most parts of country

The Pakistan Meteorological Department has forecast heavy rains in Balochistan and scattered rainfall in various other parts of the country during next 24 hours. DG Met Department said that normal rainfall is expected at coastal areas of Balochistan while

Published 03 Mar, 2005 12:00am

Open market rates of foreign currencies

Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Wednesday (March 02, 2005).

Published 03 Mar, 2005 12:00am

Tariff cut may help in rapid industrialisation: NTC chief

Reduction in tariff would help in a rapid industrialisation and capturing a good market space, as countries like Korea, Taiwan and Indonesia have attained the industrial growth by decreasing the tariffs, said Dr Faizullah Khilji, Chairman, National Tariff

Published 03 Mar, 2005 12:00am

London Interbank Offered Rates

London Interbank Offered Rates (LIBOR) on Wednesday (March 02, 2005).

Published 03 Mar, 2005 12:00am

Cotton and rice produced in abundance this year: Bosan

Pakistan produced abundant quantity of cotton and rice this year and Kino was being exported to Middle East, Far East and other countries in a big quantity, said Federal Minister for Food, Agriculture and Livestock Sikandar Hayat Bosan here on Wednesday.

Published 03 Mar, 2005 12:00am

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Wednesday (March 02, 2005).

Published 03 Mar, 2005 12:00am

Mir takes oath as MNA

Farooq Amjad Mir on Wednesday took oath as Member National Assembly (MNA). Farooq Amjad was elected in the by-elections of NA-127, after resignation of Dr Tahir-ul-Qadri from this constituency. Speaker National Assembly administered the oath to Farooq Amj

Published 03 Mar, 2005 12:00am

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Wednesday (March 02, 2005).

Published 03 Mar, 2005 12:00am

Work started to shift workshops and markets to outskirts

The City District Government Karachi has started work on a Master Plan to shift garages, workshops, truck stands and various markets from residential areas to outskirts of the city. DCO Karachi Fazalur Rahman has directed EDO Master Plan CDGK to obtain th

Published 03 Mar, 2005 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 Wednesday (March 02, 2005).

Published 03 Mar, 2005 12:00am

SAI team invited by Prime Minister on March 14

Prime Minister Shaukat Aziz has invited Site Association of Industry (SAI) delegation to Islamabad on March 14, 2005 to apprise him about infrastructure position, water and power problems and other difficulties faced by industrialists of Site area.. SAI C

Published 03 Mar, 2005 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 Wednesday (March 02, 2005).

Published 03 Mar, 2005 12:00am

UK consultants to help exporters upgrade productivity: EPB inks MoU with Beso

The Export Promotion Bureau (EPB) has signed an memorandum of understanding (MoU) with British Executive Service Organisation (Beso) to provide consultancy services to the exporters to upgrade their productivity and quality levels. A circular, sent to the

Published 03 Mar, 2005 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 Wednesday (March 02, 2005).

Published 03 Mar, 2005 12:00am

Militant wanted for killing French engineers held

Police have arrested a militant convicted of organising a suicide bomb attack that killed 14 people, including 11 French engineers, in Karachi three years ago, a police official said on Wednesday. Mohammad Sohail, who police say, was also involved in the

Published 03 Mar, 2005 12:00am

Interest rates on old and incremental FCY deposits

Interest rates on old and incremental FCY deposits on Wednesday (March 02, 2005).

Published 03 Mar, 2005 12:00am

4000 water courses in Sindh to be lined: Jatoi

Some four thousand water courses in Sindh will be lined at a cost of Rs 4.8 billion under On-Farm Water Management project. The Advisor to Chief Minister for Food and Agriculture, Murtaza Khan Jatoi has directed his department to gear up work on the proje

Published 03 Mar, 2005 12:00am

LIBOR calculating interest on US dollar

London Interbank Offer Rates on for calculating interest on special US dollar on Wednesday (March 02, 2005).

Published 03 Mar, 2005 12:00am

Bank manager arrested for fraud

Sindh NAB has arrested Ramzan Ali Hemani, a former manager/assistant vice-president, Habib Bank Limited, Bohra Bazaar Branch, on charges of corruption and corrupt practices, it is learn. Accused Ramzan Ali Hemani, during his posting as manager at Bohra Ba

Published 03 Mar, 2005 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 Wednesday (March 02, 2005).

Published 03 Mar, 2005 12:00am

ICP registers 25 percent increase in dividend income

Investment Corporation of Pakistan ICP has registered 25 percent increase in its dividend income during first half of current fiscal year, this was revealed in ICP's Board Meeting held on Saturday under the Chairmanship of Abdul Latif Uqaili, Managing Dir

Published 03 Mar, 2005 12:00am

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Wednesday (March 02, 2005).

Published 03 Mar, 2005 12:00am

ICP registers 25 percent increase in dividend income

Investment Corporation of Pakistan ICP has registered 25 percent increase in its dividend income during first half of current fiscal year, this was revealed in ICP's Board Meeting held on Saturday under the Chairmanship of Abdul Latif Uqaili, Managing Dir

Published 03 Mar, 2005 12:00am

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Wednesday (March 02, 2005).

Published 03 Mar, 2005 12:00am

Imtiaz threatens to move court

The sacked Sindh Provincial Minister Imtiaz Shaikh has said that if the Prime Minister's Inspection Team did not provide him justice then he would take up the issue with the court. Revenue Minister of Sindh Imtiaz Shaikh was sacked by the Chief Minister o

Published 03 Mar, 2005 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 03 Mar, 2005 12:00am

Ibad for effective use of police force to check street crimes

Sindh Governor Dr Ishrat-ul-Ibad Khan has stressed the need for effective use of motorcycle police force to check street crimes, control other crimes and provide relief to people. He issued the directives in this regard while reviewing the law and order s

Published 03 Mar, 2005 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 03 Mar, 2005 12:00am

Under-utilisation of quota causes $128 million trade loss

The under-utilisation of textile quota for the US, European Union (EU) and Canada caused a loss of over USD 128 million in external trade during 2004. The loss was reported due to quota-mismanagement by Export Promotion Bureau (EPB) and due to exporters n

Published 03 Mar, 2005 12:00am

Karachi interbank rates

Karachi interbank rates on Wednesday (March 02, 2005).

Published 03 Mar, 2005 12:00am

Under-utilisation of quota causes $128 million trade loss

The under-utilisation of textile quota for the US, European Union (EU) and Canada caused a loss of over USD 128 million in external trade during 2004. The loss was reported due to quota-mismanagement by Export Promotion Bureau (EPB) and due to exporters n

Published 03 Mar, 2005 12:00am

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (March 02, 2005).

Published 03 Mar, 2005 12:00am

Under-utilisation of quota causes $128 million trade loss

The under-utilisation of textile quota for the US, European Union (EU) and Canada caused a loss of over USD 128 million in external trade during 2004. The loss was reported due to quota-mismanagement by Export Promotion Bureau (EPB) and due to exporters n

Published 03 Mar, 2005 12:00am

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (March 02, 2005).

Published 03 Mar, 2005 12:00am

Pakistan may free 949 Indian fishermen, civilians

Pakistan is likely to release 949 Indian fishermen and civilians held for illegal entry in a goodwill gesture to boost the peace process between the nuclear rivals, officials said on Wednesday President Pervez Musharraf has recommended that 800 Indian fis

Published 03 Mar, 2005 12:00am

Philippine February coconut oil exports down

Preliminary figures show Philippine coconut oil shipments fell 35 percent to 60,221 tonnes in February from actual exports of 92,143 tonnes a year, an industry group said on Wednesday. February exports from the world's largest shipper of coconut oil were

Published 03 Mar, 2005 12:00am

Pakistan may free 949 Indian fishermen, civilians

Pakistan is likely to release 949 Indian fishermen and civilians held for illegal entry in a goodwill gesture to boost the peace process between the nuclear rivals, officials said on Wednesday President Pervez Musharraf has recommended that 800 Indian fis

Published 03 Mar, 2005 12:00am

Singapore bunker fuel prices stable

Singapore bunker prices were stable on Wednesday, despite higher fuel oil cargo values. Bunker fuel oil of 380-centistoke (cst) grade was pegged at $206-$208 a tonne, unchanged from Tuesday, narrowing the premium to cargo levels by $1 to 75 cents a tonne.

Published 03 Mar, 2005 12:00am

ECB adds to warnings on EU budget rule reform

The European Commission and Germany teamed up on Wednesday to argue for reform of the EU's budget rules as a central banker warned changes may influence the level of future interest rates. European Central Bank Chief Economist Otmar Issing said some propo

Published 03 Mar, 2005 12:00am

Activity at Karachi and Qasim ports

The Karachi Port handled 40,378 tonnes of cargo including 31,626 tonnes import and 8,752 tonnes export inclusive of 2,801 containers, during last 24 hours ending at 0700 hours on Wednesday. The cargo comprised of 39,178 tonnes dry cargo including 25,706 t

Published 03 Mar, 2005 12:00am

Lahore stocks plummet

Hit by a major technical correction, which was long over due, share prices fell sharply in second half of the session on the local bourse on Wednesday, pushing the index down by 119.60 points amid ascending transactions volume. The LSE-25 index went down

Published 03 Mar, 2005 12:00am

France accepts sugar intervention offer

France's intervention agency has accepted an offer of 48,000 tonnes of white sugar into storage, the first use of the EU's sugar intervention system since 1986, a senior EU source said on Wednesday. But an offer in Belgium, believed to have been made by t

Published 03 Mar, 2005 12:00am

Lahore stocks plummet

Hit by a major technical correction, which was long over due, share prices fell sharply in second half of the session on the local bourse on Wednesday, pushing the index down by 119.60 points amid ascending transactions volume. The LSE-25 index went down

Published 03 Mar, 2005 12:00am

FOB Gulf corn firm, soyabean steady

Nearby US FOB Gulf corn basis offers were firm and soyabean mostly steady on Tuesday night as the cash market shifted its spot basis from CBOT March to May contracts and barge freight costs stayed high, traders said. A firmer dollar and a retreat in CBOT

Published 03 Mar, 2005 12:00am

EU drafts guideline to fight credit card fraud

New guidelines to crack down on payment card fraud could save banks and retailers 200 million euros ($264.3 million), the EU's executive said on Wednesday. The guidelines, negotiated with credit card groups Visa Europe and MasterCard Europe, set out the c

Published 03 Mar, 2005 12:00am

Brazilian cocoa arrivals fall

Brazilian 2004/05 (May/April) cocoa arrivals from Bahia and other states totalled 2.85 million 60-kg bags by February 27, down 13.5 percent from 3.30 million bags a year ago, the Bahia Commercial Association said on Wednesday. Bahia state, Brazil's main c

Published 03 Mar, 2005 12:00am

ISE index suffers massive decline

Bulls handed over the floor to the bears at the Islamabad Stock Exchange (ISE) where equities witnessed board-based erosion amid decrease in index. ISE network index showed a decrease of 272.26 points as the rate-based indicator moved from 14,959.27 to 14

Published 03 Mar, 2005 12:00am

Kenyan tea prices mixed

Kenyan tea prices remained mixed as a result of varying quality, with demand similar to last week's auction, but with subdued activity from Pakistani buyers, dealers said on Wednesday. African Tea Brokers (ATB) said certain lines of the top tea grades los

Published 03 Mar, 2005 12:00am

ISE index suffers massive decline

Bulls handed over the floor to the bears at the Islamabad Stock Exchange (ISE) where equities witnessed board-based erosion amid decrease in index. ISE network index showed a decrease of 272.26 points as the rate-based indicator moved from 14,959.27 to 14

Published 03 Mar, 2005 12:00am

Pakistan's edible oil prices firmer

Pakistan's edible oil market was firm in the past week as rising international prices encouraged importers to place fresh orders, and dealers said on Wednesday the market had room for more imports. Ziaul Haq, a Karachi-based dealer, said the market was li

Published 03 Mar, 2005 12:00am

Chiron factory to make flu shots again

British regulators on Wednesday gave a green light for Chiron Corp's flu vaccine plant in Liverpool to start production again, in a move that should ensure supplies for the next flu season. Shares in the Emeryville, California-based firm jumped 12 percent

Published 03 Mar, 2005 12:00am

German co-operatives urge EU to raise wheat export subsidies

The European Union must increase wheat export subsidies to remove this season's huge surplus, the association of German farm co-operatives (DRV) said. DRV president Manfred Nuessel welcomed the EU's award last week of an eight euro a tonne export subsidy

Published 03 Mar, 2005 12:00am

Chiron factory to make flu shots again

British regulators on Wednesday gave a green light for Chiron Corp's flu vaccine plant in Liverpool to start production again, in a move that should ensure supplies for the next flu season. Shares in the Emeryville, California-based firm jumped 12 percent

Published 03 Mar, 2005 12:00am

CBOT wheat futures lower in technical setback

Wheat futures at the Chicago Board of Trade closed lower on Tuesday, setting back from a fund-driven rally that sent wheat to five-month highs on Monday, traders said. CBOT March wheat ended down 7-1/4 cents at $3.30 per bushel, while May closed down 7 ce

Published 03 Mar, 2005 12:00am

Six-month treasury-bills yield up by 0.34 basis points

In its six-month Treasury Bills (TBs) Auction No 169, the State Bank of Pakistan (SBP) lifted yield by 0.34 points to 5.1845 percent, while the last cut-off yield was 4.8684 percent. Against the market''s offer of Rs 71.195 billion, the SBP accepted bids

Published 03 Mar, 2005 12:00am

China's zinc smelters resume full production

China's top zinc smelters are returning to full production as improved electricity supply brings to an end several weeks of power-related output cuts, company officials said on Wednesday. China's enforced production cuts, along with a global shortage of o

Published 03 Mar, 2005 12:00am

Six-month treasury-bills yield up by 0.34 basis points

In its six-month Treasury Bills (TBs) Auction No 169, the State Bank of Pakistan (SBP) lifted yield by 0.34 points to 5.1845 percent, while the last cut-off yield was 4.8684 percent. Against the market's offer of Rs 71.195 billion, the SBP accepted bids w

Published 03 Mar, 2005 12:00am

Oil cake market rates

Sliding trend was witnessed on the forward cottonseed oilcake market on Wednesday in process of trading, dealers said. The March vaida opened with rupee one loss at Rs 434.00, which proved to be day's highest and closing was seen at the same level. In the

Published 03 Mar, 2005 12:00am

Six-month treasury-bills yield up by 0.34 basis points

In its six-month Treasury Bills (TBs) Auction No 169, the State Bank of Pakistan (SBP) lifted yield by 0.34 points to 5.1845 percent, while the last cut-off yield was 4.8684 percent. Against the market's offer of Rs 71.195 billion, the SBP accepted bids w

Published 03 Mar, 2005 12:00am

Rs 25 more increase in spot rates

Rising trend persisted on the cotton market on Wednesday as buyers continued forward buying on apprehension of the further increase in the prices, dealers said. The official spot rate gained another Rs 25 to Rs 2325, without upcountry expenses. The phutti

Published 03 Mar, 2005 12:00am

New Customs Tariff to be introduced in next budget

The Central Board of Revenue (CBR) has introduced comprehensive changes in Pakistan Customs Tariff (PCT) 2005-2006 to charge due customs duty on the import of goods, raw materials, machinery and equipment. Official sources told Business Recorder on

Published 03 Mar, 2005 12:00am

Cottonseeds prices up, sugar down

Cottonseeds prices were up on the grain markets on Wednesday as buyers increased forward purchasing, dealers said. On the seeds side, rapeseeds til new posted modest gain of Rs 50 to Rs 1650-1825 in the process of trading, they said. Cottonseeds oilcake w

Published 03 Mar, 2005 12:00am

New Customs Tariff to be introduced in next budget

The Central Board of Revenue (CBR) has introduced comprehensive changes in Pakistan Customs Tariff (PCT) 2005-2006 to charge due customs duty on the import of goods, raw materials, machinery and equipment. Official sources told Business Recorder on

Published 03 Mar, 2005 12:00am

Plastic mouldings prices mixed

The trading on plastic mouldings moved mixed on Jodia Bazar on Wednesday. The following changes were seen in the HDPE film Saudia 952 down 50 paisa to Rs 40.75, Mobile down 50 paisa to Rs 40.75, TR144 down 25 paisa to Rs 40, LDPE 374 up Re 1 to Rs 49, MG

Published 03 Mar, 2005 12:00am

New Customs Tariff to be introduced in next budget

The Central Board of Revenue (CBR) has introduced comprehensive changes in Pakistan Customs Tariff (PCT) 2005-2006 to charge due customs duty on the import of goods, raw materials, machinery and equipment. Official sources told Business Recorder on

Published 03 Mar, 2005 12:00am

Currency	Rate
USD PKR Interbank Selling / Jun 14	278.71
USD PKR Interbank Buying / Jun 14	278.51
USD to Japanese Yen / Jun 14	157.40
USD to Swiss Franc / Jun 14	0.89
Pound Sterling to USD / Jun 14	1.28
Euro to USD / Jun 14	1.07

Stock	Volume
S&P 500 / Jun 14	5,431.60
India Sensex / Jun 14	76,992.77
Tokyo Nikkei / Jun 14	38,814.56
Nasdaq / Jun 14	17,688.88
Hang Seng / Jun 14	17,941.78
FTSE 100 / Jun 14	8,146.86
Dow Jones / Jun 14	38,589.16
Germany DAX 30 / Jun 14	18,002.02

Item	Value
Crude Oil USD/Barrel / Jun 14	78.45
Karachi Cotton PKR/37.32 KG / Jun 14	19,935
Gold 10 Grams PKR / Jun 14	207,047
Gold Spot USD/Ounce / Jun 14	2,333.04
Cotton US¢/pound / Jun 14	72.14
Petrol/Litre / Jun 16	258.16

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

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

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

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