News Archives for Print - 2005-03-20

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Print - 2005-03-20

Open market rates of foreign currencies

Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Saturday (March 19, 2005).

Published 20 Mar, 2005 12:00am

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Saturday (March 19, 2005).

Published 20 Mar, 2005 12:00am

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Saturday (March 19, 2005).

Published 20 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 Saturday (March 19, 2005).

Published 20 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 Saturday (March 19, 2005).

Published 20 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 Saturday (March 19, 2005).

Published 20 Mar, 2005 12:00am

Interest rates on old and incremental FCY deposits

Interest rates on old and incremental FCY deposits on Saturday (March 19, 2005).

Published 20 Mar, 2005 12:00am

LIBOR calculating interest on US dollar

London Interbank Offer Rates on for calculating interest on special US dollar on Saturday (March 19, 2005).

Published 20 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 Saturday (March 19, 2005).

Published 20 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 Saturday (March 19, 2005).

Published 20 Mar, 2005 12:00am

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Saturday (March 19, 2005).

Published 20 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 20 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 20 Mar, 2005 12:00am

Karachi interbank rates

Karachi interbank rates on Saturday (March 19, 2005).

Published 20 Mar, 2005 12:00am

Brazilian sugar vessels line-up rises to 37

The lineup of vessels waiting to load sugar in Brazil's ports climbed to 37 from 32 last week, shipping agent Williams said on Thursday. It said in a weekly report that 22 vessels were lined up in the southern port of Santos, slightly up from 20 last week

Published 20 Mar, 2005 12:00am

Singapore bunker fuel prices stable

Singapore bunker prices were stable on Friday, as fuel oil cargo levels slipped marginally. Prices for 380-cst bunker fuel were pegged at $234-$236 a tonne, unchanged from Thursday, with the differential to cargo prices at parity. "The market remains quie

Published 20 Mar, 2005 12:00am

Hong Kong sea container traffic up

Sea container traffic through Hong Kong, the world's busiest container port, rose 2.6 percent in February from a year earlier, and throughput at its main facilities in Kwai Chung surged 18.9 percent after price cuts. Hong Kong moved a total of 1.58 millio

Published 20 Mar, 2005 12:00am

Malaysia steps up patrols in Malacca Strait

Malaysia vowed on Thursday to do its best to stamp out pirate attacks in the Malacca Strait and urged Indonesia to crack down on raiders in its own waters. Pirates have attacked three vessels in two weeks in one of the world's busiest sea lanes, alarming

Published 20 Mar, 2005 12:00am

Asian freight rates firmer on Atlantic activity

Asian shipping rates were a shade firmer this week, buoyed by gains in the Atlantic market on the back of a pickup in shipments of minerals and new crops from South America to Europe, brokers said on Tuesday. Panamax dry bulk rates for the benchmark US Gu

Published 20 Mar, 2005 12:00am

Activity at Karachi and Qasim ports

The Karachi Port handled 90,804 tonnes of cargo including 74,160 tonnes import and 16,644 tonnes export cargo inclusive of 2,933 containers, during last 24 hours ending at 0700 hours on Saturday. The cargo comprised of 56,304 tonnes dry cargo including 28

Published 20 Mar, 2005 12:00am

International Textile Asia 2005 Exhibition

International Textile Asia 2005 Exhibition and 2nd International Textile and Garment Machinery Show is being organised by the Ministry of Textile Industry, Ministry of Privatisation and Export Promotion Bureau in collaboration with E-commerce Gateway, Sin

Published 20 Mar, 2005 12:00am

Message from President, E-commerce Gateway Pakistan (Pvt) Limited

First of all, I would like to think God, Almighty for He has given us the strength to contribute our penny worth for this beloved country through organisation of international events such as Textile Asia, for the 2nd successive year. Last year Textile Asi

Published 20 Mar, 2005 12:00am

Message from Federal Minister for Textile Industry

I feel great pleasure to bring you all, Textile Asia 2005 Exhibition, 2nd Textile and Garments Machinery Show encompassing an International Fashion Show to portray the rising image of Pakistan. The main idea is to promote and enhance our trade with the re

Published 20 Mar, 2005 12:00am

Message from Sindh chief minister

I am delighted to see Textile Asia 2005 is being organised for the second successive year in the city of lights, Karachi, which is the regional business and industrial hub and offers the right combination of amenities and infrastructure to organise such m

Published 20 Mar, 2005 12:00am

Message from Sindh governor

I am pleased to see Textile Asia 2005 is being organised once again this year in the city of Karachi. Pakistan, Alhamdolillah produces some of the world's finest textile and garment products, which we need to display to let everyone know and eliminate an

Published 20 Mar, 2005 12:00am

Message from Prime Minister Islamic Republic of Pakistan

I am extremely happy to witness that today the textile sector in Pakistan is one a new horizon of evolution through public-private partnership and adoption of modern techniques and latest machinery. The overall growth of Pakistan's economy has drawn the a

Published 20 Mar, 2005 12:00am

Message from President Islamic Republic of Pakistan

I compliment the Ministry of Privatisation, Ministry of Textile Industry and E-commerce Gateway Singapore for organising the Textile Asia 2005 Exhibition and extend my heartiest greetings and best wishes to them. I am pleased to see that Pakistan is makin

Published 20 Mar, 2005 12:00am

Former champs Clijsters, Davenport to clash in final

Lindsay Davenport routed the reigning Wimbledon champ, while Kim Clijsters took no prisoners as the two former champions advanced to the final of the Indian Wells WTA/ATP Masters Series event. Clijsters continued her remarkable comeback on Friday, beating

Published 20 Mar, 2005 12:00am

Tour de Pakistan

Muhammad Asif of Pakistan Railways secured the Yellow Jersey in stage eight of the 12th Tour de Pakistan International Cycle Race reaching Lahore ahead of 50 other riders. He completed the 160km distance from Sahiwal to Lahore in 4 hours, 59 minutes and 2

Published 20 Mar, 2005 12:00am

Martin's century puts Aussies on track against Kiwis

Damien Martyn scored his 12th Test century as he went on a batting rampage with Adam Gilchrist to put Australia at a strong 337 for five at stumps on the second day of the second cricket Test against New Zealand here on Saturday. In an unbroken 90-run par

Published 20 Mar, 2005 12:00am

Afridi launches Pakistan's move to go for stiff target

Pakistan made a bold attempt to chase a stiff 422-run target for victory in the second Test against an India inspired by Rahul Dravid at the Eden Gardens here on Saturday. Shahid Afridi smashed a run-a-ball 59 and Taufeeq Umar an unbeaten 29 as Pakistan r

Published 20 Mar, 2005 12:00am

Experts fear French negativism may doom EU constitution

Experts feared Saturday that growing French negativism may doom the proposed constitution for the European Union, but they also blamed the ineptness of politicians in Brussels and Paris for a crisis that may seriously set back the EU. They were commenting

Published 20 Mar, 2005 12:00am

China to implant ID chips in pandas

China will implant high-tech identification tags into all its captive pandas in an effort to better monitor the population and prevent inbreeding, the Xinhua news agency said on Saturday. "Information about pedigree, age and other basic data will be perma

Published 20 Mar, 2005 12:00am

Princess Nori betrothed at 35

The only daughter of Emperor Akihito was formally betrothed on Saturday - at 35 years old, one of an increasing number of Japanese women who have chosen to wait for their wedding bells Princess Nori's betrothal to Yoshiki Kuroda, 39, who works in the urba

Published 20 Mar, 2005 12:00am

Thousands in Taiwan protest mysterious shooting

Thousands in Taiwan rallied in the streets on Saturday demanding the truth behind the shooting of President Chen Shui-bian one year ago, which opposition parties said might have been staged to win votes for the incumbent in the last election. The rally wa

Published 20 Mar, 2005 12:00am

Lebanon's president urges talks after bombing

Lebanon's pro-Syrian president invited anti-Syrian opposition and loyalist politicians to begin immediate talks on Saturday, hours after a bomb raised fresh fears of a return to the country's violent past. Investigators sifted through the rubble left by t

Published 20 Mar, 2005 12:00am

Brain-damaged Florida woman's feeding tube removed

The fight over the right of a severely brain-damaged Florida woman to live or die raged on Saturday, a day after the feeding tube that sustained her for 15 years was removed. "Terri's nutrition and hydration have now been withheld from her," the Terri Sch

Published 20 Mar, 2005 12:00am

UK has capacity to replace Italian troops in Iraq

The head of the British army has said that Britain has the capacity to help replace Italian troops in Iraq were they to pull out of the country, The Independent newspaper reported on Saturday. "Of course there is the capacity to do more if that is the dec

Published 20 Mar, 2005 12:00am

Tight supply and New York strength boost prices of Indonesian cocoa

Cocoa beans are scarce in Indonesia's key growing area of Sulawesi ahead of this year's main harvest, which is expected to be delayed until the end of April, traders said on Friday. Tight supply and the recent strength in New York futures should support l

Published 20 Mar, 2005 12:00am

Asian sugar buyers may hold back on new purchases

After building up stocks, Asian sugar buyers may hold back on new purchases in the coming weeks as they await lower prices on world markets. India and Pakistan are not in a hurry to buy, while the Chinese are waiting for prices to ease in May and June whe

Published 20 Mar, 2005 12:00am

Vietnam may harvest 100,000 tonnes of spice

The world is awash in pepper, prices are uninspiring and now, to the dismay of the market, Vietnam has begun marketing its new crop. The world's largest producer of black pepper, Vietnam is expected to harvest 100,000 tonnes of the spice in 2005, unchange

Published 20 Mar, 2005 12:00am

Brazilian cotton exports seen up

Brazilian cotton exports are expected to reach around 455,000 tonnes in 2006, up from a projected 410,000 tonnes this year, the National Association of Cotton Exporters (ANEA) said on Friday. Last month exporters forecast 2006 exports at 415,000 tonnes. "

Published 20 Mar, 2005 12:00am

CBOT soyabeans plunge on setback and China

Soyabean futures at the Chicago Board of Trade plunged on Friday, setting back after the recent wave of buying by investment funds, traders said. It was the first time in six weeks the market closed lower on Friday. The sell-off was sparked by a sharply l

Published 20 Mar, 2005 12:00am

CBOT rice sags

Rice futures at the Chicago Board of Trade sagged on Friday as commercial hedge selling pressured prices on the open, setting the weak tone for the day, traders said. May rice closed 12 cents lower at $7.02-1/2 per hundredweight, while the back months set

Published 20 Mar, 2005 12:00am

Comex copper rebounds to end up, eyes new highs

US copper futures erased losses to close slightly higher on Friday, buoyed by short-covering as probe to the downside failed to attract more selling, traders said. At the Comex division of the New York Mercantile Exchange, benchmark may copper gained 0.25

Published 20 Mar, 2005 12:00am

New York gold recoups losses to end up and above 10-day low

After falling to 10-day lows in the going, US gold futures rebounded to end up Friday after profit-taking dried up when the euro steadied above the week's low against the dollar, trading sources said. Technical buying by funds and brokers and physical dem

Published 20 Mar, 2005 12:00am

Sugar settles easier in New York

Raw sugar futures closed easier on Friday on speculative sales, with the market seen staying in a range for the meantime going into next week, analysts said. The New York Board of Trade's May raw sugar contract fell 0.09 cent to end at 9.03 cents a lb., d

Published 20 Mar, 2005 12:00am

Oil prices rocket to record high near 58 dollars

World oil prices soared last week to record high points, nearing 58 dollars per barrel in New York, underpinned by robust global demand as traders shrugged off a move by Opec to hike its output quota. Copper futures jumped to the highest level for more th

Published 20 Mar, 2005 12:00am

Chile stocks at record high on CAP and retailers

Chilean stocks rose to a new record high close on Friday as the retail sector sizzled and shares in steelmaker CAP scaled higher. The IPSA index of 40 leading shares rose 0.69 percent to 1,936.29 points, the highest close ever, while the broader IGPA inde

Published 20 Mar, 2005 12:00am

US corporate bonds spread stabilise; GM ends mixed

US corporate bond spreads ended mostly unchanged on Friday after two days of widening on fears General Motors Corp debt would be cut to junk. GM bonds ended widely mixed on Friday as bottom-feeding boosted some maturities while selling pressure remained t

Published 20 Mar, 2005 12:00am

US corporate bonds spread stabilise; GM ends mixed

Published 20 Mar, 2005 12:00am

Toronto stocks drop as energy shares retreat

Toronto stocks capped a winning week with a slightly lower close on Friday as energy issues handed back a small portion of their recent gains. The Toronto Stock Exchange's key S&P/TSX composite index fell 23.51 points, or 0.24 percent, to 9,754.69. For th

Published 20 Mar, 2005 12:00am

American credit market outlook

Neiman Marcus Group is considering selling itself, in a move that some investors fear could be disastrous for the company's credit quality. But investors positioning for potential deterioration should take only small positions, because there's a solid cha

Published 20 Mar, 2005 12:00am

American credit market outlook

Published 20 Mar, 2005 12:00am

IPOs wane as quarter nears end

The US initial public offerings market may have started 2005 strongly, but has since waned as the stock market grew more vulnerable and mergers increased. Only a few deals are expected in March and experts said it could be another month before the backlog

Published 20 Mar, 2005 12:00am

US rates and UK retailers may drive sentiment on European equity markets

An expected quarter-point rise in US interest rates and updates from British retailers such as Sainsbury will drive sentiment on European equity markets next week, shortened by the Easter break. Investors will scour US economic reports on producer prices,

Published 20 Mar, 2005 12:00am

Emerging debt: prices consolidate, Colombia pays IADB

Emerging sovereign debt spreads traded slightly narrower in volatile trade on Friday as investors moved to consolidate their positions at 4.5 percent of US Treasury yields. Overall, emerging debt spreads tightened 4 basis points on the benchmark J.P. Morg

Published 20 Mar, 2005 12:00am

Emerging debt: prices consolidate, Colombia pays IADB

Published 20 Mar, 2005 12:00am

Canadian bonds close flat

The Canadian bond prices finished mixed on Friday, with little change from the previous close, as the market sat on its hands before next week's heavy dose of central bankers and economic data. The US Federal Reserve is expected to raise interest rates on

Published 20 Mar, 2005 12:00am

Canadian bonds close flat

Published 20 Mar, 2005 12:00am

US Treasuries decline as Fed moot looms

US Treasury debt fell on Friday as an easing of credit quality worries cut short this week's rally and allowed inflation fears to creep up again. With the next Federal Reserve meeting only two trading days away, investors went back to fretting over just w

Published 20 Mar, 2005 12:00am

US Treasuries decline as Fed moot looms

Published 20 Mar, 2005 12:00am

Brazilian stocks fall

The Bovespa index of the Sao Paulo Stock Exchange fell 1.75 percent to 27,593 points on Friday. The stocks fell on a weak performance by Wall Street stocks and options expiring on Monday on shares of bellwether Tele Norte Leste Participacoes and other sto

Published 20 Mar, 2005 12:00am

Argentine stocks rise

Argentine stocks inched upward on Friday for the fourth straight session, shrugging off an upturn in US Treasury yields that is seen as dulling the allure of emerging markets, traders said. The MerVal index of the 12 leading stocks closed 0.36 percent hig

Published 20 Mar, 2005 12:00am

Dow inches up, Nasdaq finishes at 2005 low on witch day

US blue chip stocks ended a touch ahead on Friday but the Nasdaq closed at a 2005 low, capping a choppy session as the long-awaited rebalancing of the Standard & Poor's index was combined with quarterly options expiration. Meanwhile, investors worried abo

Published 20 Mar, 2005 12:00am

More Ethiopians to require food aid: US

The United States estimates that more Ethiopians will need food aid this year than the 2.2 million the Ethiopian government said in an aid appeal, a US humanitarian affairs official said. The Ethiopian government said in December that 2.2 million people w

Published 20 Mar, 2005 12:00am

US hedge funds eye loophole to avoid registering

Time is ticking away for US hedge funds to prepare for their first-ever government regulation, but lawyers and managers say that many are spending hours working on ways to escape the additional scrutiny. Beginning next year, thousands of the now loosely r

Published 20 Mar, 2005 12:00am

US hedge funds eye loophole to avoid registering

Published 20 Mar, 2005 12:00am

Wolfowitz says he won't impose US agenda on World Bank

After helping lead the United States to war in Afghanistan and Iraq, Paul Wolfowitz is fighting a different kind of fight - to secure approval as the next World Bank president by portraying himself as a consensus builder. From his spacious but cluttered o

Published 20 Mar, 2005 12:00am

Riyadh licenses investments worth $5.49 billion last month

Saudi Arabia has issued licenses to 90 international and domestic ventures worth 20.6 billion riyals ($5.49 billion) in the last month, state investment body, SAGIA, said on Saturday. It said in a statement several leading global firms were granted licens

Published 20 Mar, 2005 12:00am

EU regrets US 'unilateral' action in Airbus-Boeing row

The European Union on Saturday accused the United States of unilaterally breaking off transatlantic talks on subsidies to aircraft makers Airbus and Boeing. "I regret this unilateral action in breaking off the negotiations," EU Commerce Commissioner Peter

Published 20 Mar, 2005 12:00am

Ukraine faces test with revised budget after binge

Ukrainian President Yictor Yushchenko's new administration unveils a revised 2005 budget on Saturday designed to rein in his predecessor's excesses without upsetting voters a year ahead of a key parliamentary election. Two months after taking power, the g

Published 20 Mar, 2005 12:00am

WorldCom directors to pay personally

Eleven former directors of WorldCom will pay more than $55 million, almost half from their own pockets, to settle a lawsuit alleging the company lied about its finances before selling bonds, a spokesman for New York Comptroller Alan Hevesi said on Friday.

Published 20 Mar, 2005 12:00am

BoJ keen to return to normal policy

Bank of Japan Governor Toshihiko Fukui said on Saturday the bank was keen to return to a conventional interest rate policy but that more time was needed before its "quantitative easing" policy could be ended. While the BoJ is under persistent pressure to

Published 20 Mar, 2005 12:00am

Japan rebuffs Rice pressure to resume beef imports immediately

Japan on Saturday refused to say when it would buy US beef again after Secretary of State Condoleezza Rice made a personal appeal for it to resume imports stopped over fears of mad cow disease. Japanese Foreign Minister Nobutaka Machimura said after talks

Published 20 Mar, 2005 12:00am

Thousands march against EU trade liberalisation measure

Tens of thousands of demonstrators marched in Brussels Saturday against a proposed European Union directive to open up public service markets, which unions said will drive down social and labour standards and threaten jobs. John Monks, secretary general o

Published 20 Mar, 2005 12:00am

Agence France Presse sues over Google news

Agence France Presse has sued Google Inc, alleging the Web search leader includes AFP's photos, news headlines and stories on its news site without permission. The French news service is seeking damages of at least $17.5 million and an order barring Googl

Published 20 Mar, 2005 12:00am

China should review export and investment policy

China should phase out policies aimed at boosting exports and drawing foreign investment because strong inflows of foreign currency are roiling the economy, a top economic official on Saturday was quoted as saying. "Indiscriminate support of exports and f

Published 20 Mar, 2005 12:00am

CBOT wheat futures down

Wheat futures at the Chicago Board of Trade closed lower on Friday on a setback after a recent wave of buying by managed funds boosted the market to 9-1/2 month highs, traders said. CBOT wheat closed 3 to 10 cents per bushel lower. May was down 10 at $3.5

Published 20 Mar, 2005 12:00am

Cotton prices higher due to tight supply

Upward trend was witnessed on the local cotton market on Saturday as spinners played an active role to meet the near terms requirements, dealers said. The official spot rates were higher by Rs 25 to Rs 2275, without upcountry expenses. Phutti was not avai

Published 20 Mar, 2005 12:00am

Ukraine cuts sunoil exports in February

Ukraine cut its sunflower oil exports to 42,200 tonnes in February from 74,500 in January and 65,700 in December, analysts said on Friday. Analysts from the ProAgro agricultural consultancy said, quoting preliminary official data, that Ukraine exported su

Published 20 Mar, 2005 12:00am

Dyes prices move both ways

The trading on dyes side moved both ways here on Jodia Bazar on Saturday.

Published 20 Mar, 2005 12:00am

Canadian dollar eases

The Canadian dollar slipped against a generally sturdier US currency as investors opted to overlook minor data releases in favour of readying for next week's central bank events. Bonds were little changed with a negative bias.

Published 20 Mar, 2005 12:00am

Foreign exchange market views, key levels

Following is a selection of comments from analysts on important technical developments in the foreign exchange market.

Published 20 Mar, 2005 12:00am

Dollar gains in New York as market eyes Fed, mulls rates

The dollar rose against the euro and yen on Friday to its highest in a week as investors wagered the US currency's month-long slide might have gone too far and looked to a possible dollar-boosting interest rate hike next week. Markets have already priced

Published 20 Mar, 2005 12:00am

Cuba revalues peso against dollar

The Cuban Central Bank increased the value of the peso against the US dollar by seven percent, the first movement in the exchange rate since it was frozen in 2001 after falling 21 percent. Cuban President Fidel Castro announced the revaluation to 24/25 (b

Published 20 Mar, 2005 12:00am

Australian dollar may rise

Currency speculators in the Chicago futures market grew more bullish on the Australian dollar in the week ending March 15, data from the Commodity Futures Trading Commission showed on Friday. According to the International Monetary Market futures data fro

Published 20 Mar, 2005 12:00am

Brazilian currency gains

Brazilian currency gained on Friday after rallying in the previous session on heavy dollar inflows, while stocks fell before options expire on key shares on Monday. The real strengthened 0.22 percent to 2.714 reais a dollar, while the Bovespa index of the

Published 20 Mar, 2005 12:00am

Colombia central bank completes sale of $1 billion

Colombia's central bank on Friday sold $250 million in international reserves to the government, bringing to $1 billion the total bought so far by the Finance Ministry to go toward prepaying foreign debt. Colombia on Friday said it will prepay a $1.25 bil

Published 20 Mar, 2005 12:00am

Putin in Ukraine for first time since 'orange revolution'

Russian President Vladimir Putin met with Ukraine's leader Viktor Yushchenko in Kiev Saturday in a bid to define the two nations' new relationship after last year's "orange revolution" that turned Kiev away from Moscow and toward the West. "We have much t

Published 20 Mar, 2005 12:00am

Thousands rally in Tel Aviv

Thousands of Israelis headed for central Tel Aviv late Saturday to participate in a massive rally in support of the planned Israeli withdrawal from the Gaza Strip later this year. The demonstration, which was to include a march through the streets of Isra

Published 20 Mar, 2005 12:00am

United States 'unambiguously' supports Japan on UNSC: Rice

Secretary of State Condoleezza Rice said Saturday that the United States unequivocally supported its close ally Japan's bid to secure a permanent seat on the UN Security Council. "Japan has earned its honourable place among the nations of the world by its

Published 20 Mar, 2005 12:00am

Bush defends war order

President George W. Bush on Saturday defended his decision to order the invasion of Iraq two years ago, hailing the campaign as a landmark event in the history of freedom. Though the invasion that started on March 20, 2003, remains controversial, Bush ins

Published 20 Mar, 2005 12:00am

Bollywood actress appeals for asylum in Portugal

Bollywood actress Monica Bedi, who was detained in Portugal in 2002 for using a fake passport, appealed Saturday for the right to asylum in Portugal, saying in a newspaper interview that she fears she will be tortured if returned to her native India. "I w

Published 20 Mar, 2005 12:00am

Three Iraqi cops killed in bomb blast

Three Iraqi police were killed and seven wounded in a bomb blast in the tense northern oil centre of Kirkuk Saturday as they buried a colleague killed the previous day, the city's police chief said. In another report, an unknown group said it had kidnappe

Published 20 Mar, 2005 12:00am

Second anniversary of Iraq invasion: thousands protest in London, other cities

Thousands of people gathered at Speaker's Corner in London's Hyde Park Saturday brandishing posters denouncing the "war on terror", marking the second anniversary of the US-led invasion of Iraq. Pictures of US President George W. Bush under the title "Wor

Published 20 Mar, 2005 12:00am

P@SHA plans to increase interaction with students, institutes

Pakistan Software Houses Association (P@SHA) has planned to increase interaction with students and their institutions to help introducing technological advancement in international and regional markets. In this connection, P@SHA will organise 'Information

Published 20 Mar, 2005 12:00am

PQA urged to meet port bills issuance timeframe

The Pakistan Ship Agents Association (PSAA) has urged the Port Qasim Authority (PQA) to issue port dues bills within 21 days as agreed in a meeting with the Secretary Communications. The PSAA Hon. Secretary Mohammad A Rajpar in a letter to Secretary Ports

Published 20 Mar, 2005 12:00am

Minister hopes Pakistan Steel sell-off to fetch high offers

Federal Privatisation and Investment Minister Dr Abdul Hafeez Shaikh has said that from all aspects this is appropriate time for privatisation of Pakistan Steel (PS) as it would be able to fetch highly lucrative offers. During his visit to Pakistan Steel

Published 20 Mar, 2005 12:00am

KESC role resented: self-power generation needed to achieve export target: SAI

A blanket permission for self-generation by the industrial consumers in the private sector is required for achieving the targeted growth of 10 percent in the exports, set by the Ministry of Commerce (MoC). This is the crux of the feelings among the indust

Published 20 Mar, 2005 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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