News Archives for Print - 2005-03-27

The rupee recovered 10 paisa against the dollar in the open market for buying and selling at 59.75 and 59.85 respectively , dealers said on Saturday. According to the market sources, the rupee came out from the overnight weakness as buying pressure bycorp

Published 27 Mar, 2005 12:00am

THE RUPEE: 10 paisa gain in open market

Published 27 Mar, 2005 12:00am

EFU funds rates

EFU Life Assurance Ltd announced that the Offer and Bid prices for the following funds effective from Monday March 28, 2005.

Published 27 Mar, 2005 12:00am

EFU funds rates

EFU Life Assurance Ltd announced that the Offer and Bid prices for the following funds effective from Monday March 28, 2005.

Published 27 Mar, 2005 12:00am

EFU funds rates

EFU Life Assurance Ltd announced that the Offer and Bid prices for the following funds effective from Monday March 28, 2005.

Published 27 Mar, 2005 12:00am

Rates of Pipe Fittings

Pipe fitting rates in rupees prevailing in the markets in Karachi on Saturday (March 26, 2005).

Published 27 Mar, 2005 12:00am

Iron, steel and other metal rates

Iron, steel and other metal rates in rupees prevailing on the commodity markets in Karachi on Saturday (March 26, 2005).

Published 27 Mar, 2005 12:00am

Automart: car prices in Karachi

The prices of different makes and models of cars prevailing in Karachi in the week ended Saturday (March 26, 2005).

Published 27 Mar, 2005 12:00am

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (March 26, 2005).

Published 27 Mar, 2005 12:00am

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (March 26, 2005).

Published 27 Mar, 2005 12:00am

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Saturday (March 26, 2005).

Published 27 Mar, 2005 12:00am

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Saturday (March 26, 2005).

Published 27 Mar, 2005 12:00am

KKI closing rates of currency notes

Khanani & Kalia International (Pvt) Limited Closing Rates of currency notes on Saturday (March 26, 2005).

Published 27 Mar, 2005 12:00am

World currencies and dollar

Value of the dollar in terms of other world currencies as prevailing in the week ended Saturday (March 26, 2005).

Published 27 Mar, 2005 12:00am

Currency values in term of Special Drawing Rights

The International Monetary Fund (IMF), treasuries' department's currency values in terms of Special Drawing Rights (SDR).

Published 27 Mar, 2005 12:00am

Open market rates of foreign currencies

Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Saturday (March 26, 2005).

Published 27 Mar, 2005 12:00am

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Saturday (March 26, 2005).

Published 27 Mar, 2005 12:00am

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Saturday (March 26, 2005).

Published 27 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 26, 2005).

Published 27 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 26, 2005).

Published 27 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 26, 2005).

Published 27 Mar, 2005 12:00am

Interest rates on old and incremental FCY deposits

Interest rates on old and incremental FCY deposits on Saturday (March 26, 2005).

Published 27 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 26, 2005).

Published 27 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 26, 2005).

Published 27 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 26, 2005).

Published 27 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 26, 2005).

Published 27 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 27 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 27 Mar, 2005 12:00am

Karachi interbank rates

Karachi interbank rates on Saturday (March 26, 2005).

Published 27 Mar, 2005 12:00am

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (March 26, 2005).

Published 27 Mar, 2005 12:00am

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (March 26, 2005).

Published 27 Mar, 2005 12:00am

Death toll from Ghana port fire rises

Fire-fighters pulled two more bodies from the burnt-out wreck of a ship in Ghana's main port of Tema on Saturday and said the death toll from Friday's blaze was likely to rise to at least 11. Three bodies had already been recovered from the Greek vessel o

Published 27 Mar, 2005 12:00am

Asian freight rates keeping bullish trend

Helped by demand to transport new crops from South America, Asian shipping rates are keeping their bullish trend this week but gains were limited as the market heads into the Easter holiday, brokers said. Spot voyage fixtures for modern panamax rates for

Published 27 Mar, 2005 12:00am

Moody's assigns Baa2 issuer rating to OSK Lines

Moody's Investors Service has assigned a Baa2 issuer rating to Mitsui OSK Lines, Ltd (MOL). The rating reflects MOL's position as one of the world's leading shipping companies as well as its improving financial profile. The rating also reflects the intens

Published 27 Mar, 2005 12:00am

Moody's assigns Baa2 issuer rating to OSK Lines

Published 27 Mar, 2005 12:00am

China to build another container terminal

China is considering building another container terminal along its wealthy east coast partly with foreign investment, which could help alleviate nation-wide transport bottlenecks that have become an economic drag. Prosperous Zhejiang province is studying

Published 27 Mar, 2005 12:00am

Maersk 2004 net profit seen 41.5 percent up

Shipping and oil giant A. P. Moeller-Maersk is expected to post a 41.5 percent rise in 2004 net profit excluding special items, thanks mainly to rising freight rates and higher oil prices. The median forecast in a Reuters poll of five analysts on Wednesda

Published 27 Mar, 2005 12:00am

Maersk 2004 net profit seen 41.5 percent up

Published 27 Mar, 2005 12:00am

Brazilian sugar vessels lineup rises

The lineup of vessels waiting to load sugar in Brazil's ports rose to 40 from 37 last week, shipping agent Williams said Thursday. It said in a weekly report that 20 vessels were lined up in the southern port of Santos, slightly down from 22 last week. At

Published 27 Mar, 2005 12:00am

Activity at Karachi and Qasim ports

The Karachi Port handled 49,355 tonnes of cargo including 23,464 tonnes import and 25,891 tonnes export cargo inclusive of 3,798 containers, during last 24 hours ending at 0700 hours on Saturday. The cargo comprised of 41,755 tonnes dry cargo including 32

Published 27 Mar, 2005 12:00am

Europe nuclear revival depends on government help

Nuclear power is back in vogue but talk of a revival in Europe may be premature unless governments offer incentives to persuade companies to invest in new reactors, analysts say. Atomic plants are expensive to build and, despite producing almost no greenh

Published 27 Mar, 2005 12:00am

German service sector optimistic: survey

Germany's service companies, which account for about two thirds of Europe's largest economy, are more upbeat than at any time in four years, according to a survey of some 10,000 firms published on Saturday. About 28 percent of companies polled describe th

Published 27 Mar, 2005 12:00am

SK Group to recruit more outside directors

South Korea's fourth-biggest conglomerate, SK Group, said on Saturday it would increase the number of outside directors in its units to improve corporate governance, after a bid to remove the head of its main company. The move comes two weeks after Chey T

Published 27 Mar, 2005 12:00am

SK Group to recruit more outside directors

Published 27 Mar, 2005 12:00am

Japan and India to develop natural gas resources

Japan and India have agreed to jointly develop natural gas resources near the Andaman islands, with initial surveys possible as early as this summer, the Nihon Keizai Shimbun said on Saturday. The move would allow Japan, which relies on imports for virtua

Published 27 Mar, 2005 12:00am

Oracle unlikely to face customer liabilities

Oracle Corp on Friday said it faced a potential liability of up to $3.5 billion if it failed to meet certain obligations to PeopleSoft customers, but added that it did not plan to take any actions that would trigger the penalties. The business software ma

Published 27 Mar, 2005 12:00am

Brazil's economy in best condition in years: IMF

The International Monetary Fund on Friday said Brazil's economy is enjoying the best financial market conditions the country has seen in years, but urged authorities to keep inflation in check. The IMF said Brazil's prudent policies since the country's fi

Published 27 Mar, 2005 12:00am

Seafood-origin labels mandatory in US from Monday

Beginning on Monday, US retailers must provide country-of-origin labels for the seafood they sell - the first time such labels become mandatory under a three-year-old law, the government said on Friday. Under the law, shoppers must be told the origin of f

Published 27 Mar, 2005 12:00am

WFP cuts food aid for North Korea

The World Food Programme is slashing food rations for North Korea's hungry children, women and the elderly and said on Saturday that the problem would worsen if it is unable to raise new cash and food pledges. The WFP has been active in the isolated North

Published 27 Mar, 2005 12:00am

Saudi Arabia raises rates

Saudi Arabia hiked a key interest rate to 3.0 percent on Saturday, effectively raising rates by nearly half a percent in a move bankers said could be aimed at curbing surging money supply in the giant oil exporter. Saturday's repo rate increase followed t

Published 27 Mar, 2005 12:00am

Hungary finance minister rules out loose pre-election budget

Hungary must not loosen its budget before key parliamentary elections in 2006 despite having greater room for manoeuvre due to a recent EU ruling, Hungarian Finance Minister Tibor Draskovics said on Saturday. "At these times, however close the 2006 electi

Published 27 Mar, 2005 12:00am

Zimbabwe's economy falls on its knees

Once described as a jewel in Africa, Zimbabwe's economy has undergone a meltdown over the past five years, with the agriculture sector reeling from the seizure of white-owned farms and droughts, economists say. At independence from Britain in 1980, Zimbab

Published 27 Mar, 2005 12:00am

BP Texas plant had fire day before blast

A day before a thunderous explosion that killed at least 15 people at the BP oil refinery in Texas City, Texas, a small fire broke out in the same unit that blew up, officials said on Friday. The company said it was investigating whether the two events we

Published 27 Mar, 2005 12:00am

Mitsubishi Fuso may face defect probe

DaimlerChrysler AG's scandal-hit Japanese truck unit may face a government inspection on suspicion it failed to report more defects, a newspaper reported on Saturday. The unlisted Mitsubishi Fuso Truck and Bus Corp, held 65 percent by the German-US automa

Published 27 Mar, 2005 12:00am

Tocom energy futures mostly down on profit-taking

Energy futures on the Tokyo Commodity Exchange (TOCOM) mostly fell on Friday due to profit taking, but traders expect benchmark US crude oil prices to rise further when the market there reopens on Monday due to concerns over gasoline supply disruptions. A

Published 27 Mar, 2005 12:00am

Tokyo gold ends mixed on New York loss, weak yen

Tokyo gold futures ended narrowly mixed on Friday, reflecting losses in New York and the yen's weakness, with trade thinned by a lack of participants from overseas amid Easter holidays. The benchmark February gold contract on the Tokyo Commodity Exchange

Published 27 Mar, 2005 12:00am

Australian wool market rises ahead of Easter recess

The Australian wool market made slight gains in average values in the final week of sales before the Easter recess, analysts said on Friday. The AWEX Eastern Market Indicator (EMI) gained five cents to end the week at 728 cents a kg clean, based on rises

Published 27 Mar, 2005 12:00am

Taiwan buys Australian wheat

The Taiwan FlourMills Association has sealed a deal with Australia's AWB Ltd for 31,080 tonnes of hard wheat said an official at the association on Friday. The order, which will include Australian prime hard wheat (APH) and Australian hard wheat (AH), was

Published 27 Mar, 2005 12:00am

India releases sugar for sale

India has released 3.8 million tonnes of sugar for sale in the domestic market in the April-June quarter to help ensure adequate supplies and keep prices in check. The government controls distribution of sugar in the local market, allocating fixed quantit

Published 27 Mar, 2005 12:00am

Drought-hit Vietnam exports less coffee

Vietnam, the world's top robusta coffee producer, said it coffee exports would fall 7.2 percent in the first half of the current crop year as growers stockpile beans to drive up prices in a prolonged drought. A government report on Friday said Vietnam wou

Published 27 Mar, 2005 12:00am

Malaysian tin flat, seen at $8,000 through Easter

Tin ended flat in Malaysian trade on Friday, with dealers expecting it to stay at around $8,000 a tonne until the London market reopens after the Easter holidays. Spot tin on the Kuala Lumpur Tin Market closed at $8,230 a tonne, unchanged from Thursday. B

Published 27 Mar, 2005 12:00am

Thai rubber futures lower, volume falls

Thai rubber futures edged lower in thin trade on Friday, with overall volume dropping to 34 contracts of ribbed smoked sheet number three (RSS3) from 54 contracts on Thursday. The most active September contract settled at 49.9 baht per kg, down from 50.1

Published 27 Mar, 2005 12:00am

Ivory Coast farmers, buyers upbeat over mid-crop

Farmers and buyers in a key cocoa-growing region of western Ivory Coast said on Friday they expected the mid-crop harvest to be larger than last year's and the beans to be bigger than usual. The area around Daloa produces around a quarter of total cocoa o

Published 27 Mar, 2005 12:00am

Ukraine ups seaports wheat exports

Ukraine increased wheat exports through seaports to about 180,300 tonnes in March 1-20 from 139,700 tonnes in the same period in February, analysts said on Friday, quoting data from ports. Ukraine harvested a record 17.52 million tonnes of wheat in 2004 c

Published 27 Mar, 2005 12:00am

Asian crude: China may take more Russia, Africa grades

A recent drop in Brent crude oil futures prices may encourage China to take more barrels of Russian Urals and African grades, traders said on Friday. Traders said China's Unipec has bought 2 million barrels of April loading Russian Urals. The purchase mig

Published 27 Mar, 2005 12:00am

Oil prices tumble as rising dollar weighs on commodities

World oil prices dived last week as traders banked profits owing to a rebounding dollar and a sharp rise in US crude inventories. The stronger US unit weighed on all dollar-denominated commodities as they became more expensive for buyers. Commodity market

Published 27 Mar, 2005 12:00am

Roses in May blossoms in March to win Dubai World Cup

Roses in May became America's fifth winner in the 10 runnings of the world's richest race the 6million dollar Dubai World Cup here on Saturday. The American horse trained by Dale Romans and ridden by John Velasquez beat home Saudi challenger Dynever while

Published 27 Mar, 2005 12:00am

South Africa edge Uganda in World Cup qualifier

South Africa looked far from contenders for a place at the 2006 World Cup in Germany as they laboured to a 2-1 win over Uganda Saturday in a Group 2 qualifier. Manchester United midfielder Quinton Fortune converted a harshly awarded penalty midway through

Published 27 Mar, 2005 12:00am

Late Australian charge wrests initiative off Kiwis

Australia shattered a valiant New Zealand start to the third Test Saturday seizing the initiative with three late wickets to have the Black Caps at 199 for five at the close of the first day's play. It was a rapid turnaround of fortune after New Zealand h

Published 27 Mar, 2005 12:00am

I'm still not accepted at Bayern: Magath

Coach Felix Magath says he has not yet won everybody over at Bayern Munich even though the club is still in contention for three trophies in his first season. Magath, who replaced Ottmar Hitzfeld at the start of the season after coaching VfB Stuttgart, sa

Published 27 Mar, 2005 12:00am

Beckham missing British-style commitment in Spain

England captain David Beckham, who is considering his future with Real Madrid for family reasons, says he misses the competitive spirit of English football in La Liga. Days after saying his children's hounding by paparazzi photographers had made him quest

Published 27 Mar, 2005 12:00am

Six killed, 40 injured in Iran-Japan football match

Five people were trampled to death and 40 injured in a crush of spectators after Friday evening's World Cup qualifier between Iran and Japan, and another person died of an apparent heart attack brought on by the nail-biting clash, press reports said Satur

Published 27 Mar, 2005 12:00am

Sehwag hits out at pitch

Dashing Indian opener Virender Sehwag on Saturday criticised the pitch despite scoring a blazing 201 in the third and final Test against Pakistan here. "How can you say it's a good Test pitch? More than nine hundred runs have been scored in three days," s

Published 27 Mar, 2005 12:00am

US PGA Players Championship halted by downpours

Thunderstorms and showers halted the second round of the US PGA Players Championship here on Friday with golfers taking the course for only 44 minutes. American Steve Jones owned a one-stroke lead at the eight million-dollar showcase event after an openin

Published 27 Mar, 2005 12:00am

Wrist injury halts Roddick's Key Biscayne title defence

Andy Roddick's defence of his Key Biscayne ATP Masters Series title was brief and bitter as the American retired from his opening match against Spain's Fernando Verdasco with a right wrist injury. Verdasco, who extended Roddick to three sets in the Master

Published 27 Mar, 2005 12:00am

Elrich saves Aussies with late winner over Iraq

Substitute Ahmad Elrich scored with his first touch to give Australia a flattering 2-1 win over Iraq in a football international at the Sydney Olympic Stadium on Saturday. Right-winger Elrich, who came on with 18 minutes left, raced on to crossfield pass

Published 27 Mar, 2005 12:00am

Sehwag spares Indian blushes with explosive 201

Virender Sehwag yet again proved to be Pakistan's nightmare as he hammered a robust 201 to help India avoid a follow-on in the third and final Test here on Saturday. The free-stroking opener's double-century enabled the hosts to post 379-6 at stumps on th

Published 27 Mar, 2005 12:00am

Ivorian president wants higher cocoa farmgate price

Ivory Coast's cocoa farmers should be paid more for their beans to stem the flow of cocoa being smuggled out of the world's top grower into neighbouring countries, President Laurent Gbagbo said late on Friday. "The only remedy is to set a farmgate price w

Published 27 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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