News Archives for Print - 2005-06-14

London Interbank Offered Rates

London Interbank Offered Rates (LIBOR) on Monday (June 13, 2005).

Published 14 Jun, 2005 12:00am

Government to deregulate wheat import

The government has decided to deregulate wheat business to encourage private sector to import the commodity from any country, except India. The Adviser to Prime Minister on Finance, Dr Salman Shah, on Monday said this while talking with newsmen after laun

Published 14 Jun, 2005 12:00am

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Monday (June 13, 2005).

Published 14 Jun, 2005 12:00am

Musharraf 'very hopeful' of Kashmir resolution

President Pervez Musharraf said Monday he was very hopeful that the decades-old Kashmir dispute with India can be resolved. "I am very hopeful. The most important thing is for the leadership to have the will to reach a conclusion and I see that at this mo

Published 14 Jun, 2005 12:00am

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Monday (June 13, 2005).

Published 14 Jun, 2005 12:00am

Musharraf 'very hopeful' of Kashmir resolution

President Pervez Musharraf said Monday he was very hopeful that the decades-old Kashmir dispute with India can be resolved. "I am very hopeful. The most important thing is for the leadership to have the will to reach a conclusion and I see that at this mo

Published 14 Jun, 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 Monday (June 13, 2005).

Published 14 Jun, 2005 12:00am

100 percent increase in paid-up capital limit demanded

Federation of Pakistan Chambers of Commerce and Industry (FPCCI) and many other traders and industrialists bodies have again approached the government for 100 percent increase in paid-up capital ceiling for private limited companies. They argue that the c

Published 14 Jun, 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 Monday (June 13, 2005).

Published 14 Jun, 2005 12:00am

100 percent increase in paid-up capital limit demanded

Federation of Pakistan Chambers of Commerce and Industry (FPCCI) and many other traders and industrialists bodies have again approached the government for 100 percent increase in paid-up capital ceiling for private limited companies. They argue that the c

Published 14 Jun, 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 Monday (June 13, 2005).

Published 14 Jun, 2005 12:00am

100 percent increase in paid-up capital limit demanded

Federation of Pakistan Chambers of Commerce and Industry (FPCCI) and many other traders and industrialists bodies have again approached the government for 100 percent increase in paid-up capital ceiling for private limited companies. They argue that the c

Published 14 Jun, 2005 12:00am

Interest rates on old and incremental FCY deposits

Interest rates on old and incremental FCY deposits on Monday (June 13, 2005).

Published 14 Jun, 2005 12:00am

14 killed as car bomb hits busy Indian occupied Kashmir town

Fourteen people including three police officers were killed and 100 wounded on Monday when a powerful car bomb exploded outside a school in Pulwama, some 30km south of occupied Srinagar, Indian occupation police and army said. The blast shook the town at

Published 14 Jun, 2005 12:00am

LIBOR calculating interest on US dollar

London Interbank Offer Rates on for calculating interest on special US dollar on Monday (June 13, 2005).

Published 14 Jun, 2005 12:00am

14 killed as car bomb hits busy Indian occupied Kashmir town

Fourteen people including three police officers were killed and 100 wounded on Monday when a powerful car bomb exploded outside a school in Pulwama, some 30km south of occupied Srinagar, Indian occupation police and army said. The blast shook the town at

Published 14 Jun, 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 Monday (June 13, 2005).

Published 14 Jun, 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 Monday (June 13, 2005).

Published 14 Jun, 2005 12:00am

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Monday (June 13, 2005).

Published 14 Jun, 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 14 Jun, 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 14 Jun, 2005 12:00am

Karachi interbank rates

Karachi interbank rates on Monday (June 13, 2005).

Published 14 Jun, 2005 12:00am

Key stock market movements at 1700 GMT on June 13

The latest close of key indices on major world stock exchanges and the London closing values of the euro, the Japanese yen, the British pound and gold bullion (previous day's closes in brackets).

Published 14 Jun, 2005 12:00am

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Monday (June 13, 2005).

Published 14 Jun, 2005 12:00am

HRW wheat bids lower

US Plains spot hard red winter wheat basis bids were steady to lower on Monday, as harvest stalled out again in some Plains locations due to heavy weekend rainfall. A merchant in Enid, Oklahoma, reported rain of more than 5 inches in some parts of the sta

Published 14 Jun, 2005 12:00am

Oil cake market rates

Higher trend was seen on the forward cottonseed oilcake market on Monday as leading buyers jumped for the forward buying, dealers said. The July vaida commenced with no change at Rs 439.40. In the process of trading, it gained 40 paisa to be day's best at

Published 14 Jun, 2005 12:00am

Cotton market firm on good demand

Firmness prevailed in the cotton market on Monday as demand was high for the best type, especially by the exporters, dealers said. The Karachi Cotton Association (KCA) official spot rate held its overnight level at Rs 2225, without upcountry expenses. Acc

Published 14 Jun, 2005 12:00am

Hungary plans to store surplus grain abroad

Hungary would consider an offer to store surplus grain near a sea port in another European country because of overflowing silos at home, the Agriculture and Rural Development Office (MVH) said on Monday. Romania's ANCER grain wholesalers association said

Published 14 Jun, 2005 12:00am

Mexipak gains Rs 30

Firmer trend was again witnessed on the grain market on Monday as most of the items held their overnight levels in process of trading, dealers said. On the cereals side, wheat Mexipak gained Rs 30 to Rs 1150 on rising demand, they added. Other commodity i

Published 14 Jun, 2005 12:00am

Rain set to disrupt Brazil cane harvest

Wet weather is expected to hamper sugar cane harvesting in northern Parana on Wednesday and spread to Sao Paulo state at the weekend, private forecaster Somar said on Monday. Sao Paulo and Parana are Brazil's two biggest cane growing states where harvesti

Published 14 Jun, 2005 12:00am

Indian iron ore exporters eye China's return

Indian iron ore exporters are confident that China, which has recently slowed purchases of the raw material, will soon exhaust its surplus stocks and return to the market to feed its expanding domestic industry. Beijing's moves to cool its red-hot economy

Published 14 Jun, 2005 12:00am

Textile trade row between China, US/EU developes chaos

Cotton sowing in Pakistan has almost been completed. However, some re-sowing due to rains and delayed sowings are in progress. Official figures about the area sown for 2005-2006 season is yet to be released but private estimates put total area around 2.95

Published 14 Jun, 2005 12:00am

Textile trade row between China, US/EU developes chaos

Cotton sowing in Pakistan has almost been completed. However, some re-sowing due to rains and delayed sowings are in progress. Official figures about the area sown for 2005-2006 season is yet to be released but private estimates put total area around 2.95

Published 14 Jun, 2005 12:00am

Algeria's wheat harvest seen halved

Algeria's 2004/2005 wheat harvest is not expected to exceed two million tonnes versus almost four million tonnes for the 2003/2004 period due to drought, a senior industry source said on Monday. "The crops harvest won't go over two million tonnes. We are

Published 14 Jun, 2005 12:00am

Ukraine needs to double grain purchases

Ukraine, which plans to harvest up to 37 million tonnes of grain in 2005, needs to double the volume of grain bought by state funds to six million tonnes in 2005/06, Farm Minister Oleksander Baranivsky said on Monday. Earlier this month Baranivsky said Uk

Published 14 Jun, 2005 12:00am

CIF Gulf corn and soyabean weaker

US CIF Gulf corn and soyabean basis values for June shipment were weak on Monday after rains boosted crop prospects across much of the Midwest. Traders said prices for deferred shipment, however, were supported by generally slow grain movement, and pocket

Published 14 Jun, 2005 12:00am

US Midwest corn mixed, soya steady

Spot corn basis bids were steady to mixed in the US Midwest interior on Monday, while soyabean bids were mostly steady and sales of both commodities were slow, grain merchandisers said. Chicago Board of Trade grain futures were called to open higher, a fa

Published 14 Jun, 2005 12:00am

Indian tea estates grow organic to revive exports

Tea growers in north-eastern India are experimenting with organic farming to improve quality and help the country, the world's largest tea producer, regain market share by promoting its organic tea as a 'health drink'. "Our clients in big cities and abroa

Published 14 Jun, 2005 12:00am

Rain heads for Brazil's Parana coffee

Rain will reach coffee farms in north Parana this week and Espirito Santo state will remain showery, but other areas will be dry for harvesting and no frost risk is seen, forecaster Somar predicted Monday. "Unstable weather and a cold front over south Bra

Published 14 Jun, 2005 12:00am

Singapore bunker fuel prices fall

Singapore bunker prices were lower on Monday, tracking falling fuel oil cargo values, as the bunker/cargo premium stayed steady, dealers said. Prices for 380-centistoke (cst) bunker fuel were pegged at $248-$250 a tonne, down $3 a tonne from last Friday,

Published 14 Jun, 2005 12:00am

Activity at Karachi and Qasim ports

The Karachi Port handled 110,467 tonnes of cargo including 74,570 tonnes import and 35,897 tonnes export cargo including 756 containers during last 24 hours ending at 0700 hours on Monday. The cargo comprised of 30,065 tonnes dry cargo including 13,750 to

Published 14 Jun, 2005 12:00am

Copper down in Asia

Copper futures fell about 0.5 percent in Asia on Monday, pressured by Chinese sales and speculative selling reflecting a stronger dollar, but underlying sentiment was bullish amid concerns over tight supplies. Rounds of sales led from China weighed on Lon

Published 14 Jun, 2005 12:00am

Tokyo gold jumps on weak yen

Tokyo gold futures rose more than 1 percent to a one-and-a-half-month high on Monday, buoyed by heavy short-covering reflecting a weaker yen but falls in the dollar-based spot price limited gains. The April Tokyo Commodity Exchange gold contract rose as h

Published 14 Jun, 2005 12:00am

Indian gold futures slip

Indian sugar futures rose on Monday to align with the physical market, while wheat slipped despite concerns about lower domestic output, brokers said. Gold prices fell in line with world markets, but soyaoil firmed on low bean arrivals at the end of the s

Published 14 Jun, 2005 12:00am

Gold off one-month high in Asia as US dollar rallies

Gold retreated from a one-month high in volatile Asian trade on Monday as the market succumbed to dollar strength against the euro, which reduces the yellow metal's safe-haven appeal. Spot gold was $424.40/424.90 an ounce, down from $427.00/427.70 an ounc

Published 14 Jun, 2005 12:00am

Malaysia's tin firms as Europe buys, premiums ease

Malaysia's tin market closed higher on Monday on renewed buying interest from Europe and a rebound in the London price of the metal, which is used in plating and electronics. Spot tin on the Kuala Lumpur Tin Market rose $15 a tonne to $7,655 on a volume o

Published 14 Jun, 2005 12:00am

Oil extends losses as Saudi Arabia backs Opec quota rise

Oil's losses deepened on Monday after Saudi Arabia's oil minister said he would back a rise in Opec output at a meeting of the cartel this week and as worries about tropical storm Arlene in the United States faded. US July light sweet crude was down 35 ce

Published 14 Jun, 2005 12:00am

Thai rice futures end steadies, volume rises

Thai rice futures ended flat on Monday with players offsetting July contracts to avoid risk amid concerns about the government's huge stockpile, brokers said. Overall volume rose as 59 contracts of 5 percent white rice were traded compared to Friday's 25.

Published 14 Jun, 2005 12:00am

Ugandan coffee exports up 95 percent by value

Uganda exported 218,475 60-kilogram bags of coffee worth $16.8 million in May, almost double the amount earned by the east African country during the same month last year, officials said on Monday. Exports in May 2004 were 180,901 bags worth $8.6 million,

Published 14 Jun, 2005 12:00am

Soyabeans rise in Asian markets

Chicago Board of Trade (CBOT) soyabean futures rose 2 percent in Asian trade on Monday as weather concerns and buying from South Korea supported prices, a trader said. The July CBOT soyabean contract had risen by as much as 13-1/2 cents per bushel to $6.7

Published 14 Jun, 2005 12:00am

India's January-April tea output up

India's tea production rose 17.7 percent to 149.76 million kg during January-April from 127.24 million kg in the year-ago period, the state-run Tea Board said on Monday. Tea production in April increased 3.75 percent to 55.10 million kg from 53.11 million

Published 14 Jun, 2005 12:00am

Japan seeks soya, high corn stocks keep Taiwan quiet

Japanese oilseed crushers will probably be looking for US or Brazilian soyabeans this week to take advantage of lower premiums, while Taiwan corn buyers will remain quiet due to high stocks, traders said on Monday. US soyabean premium offers for August sh

Published 14 Jun, 2005 12:00am

Egypt sells 1,017 tonnes of cotton in week

The Alexandria Cotton Exporters' Association (Alcotexa) said on Monday it committed to sell 1,017 tonnes of cotton in the week which ended on June 11. An Alcotexa official said it had committed to sell 46 tonnes of Giza 70, 100 tonnes of Giza 88, 771 tonn

Published 14 Jun, 2005 12:00am

Thai sugar: some exporters offer for 2006 shipment, Vietnam eyed

The Thai sugar trade for 2006 shipment is expected to remain sluggish over the next few days with few overseas buyers in sight, but some exporters have started offering for 2006 delivery, traders said. Thai 100 ICUMSA white sugar, considered consumer grad

Published 14 Jun, 2005 12:00am

Malaysian palm oil rebounds to end up on covering

Malaysian palm oil futures recovered losses to close mostly higher on Monday due to late covering and a rebound in the soyaoil market. By the close, the benchmark third-month crude palm oil on Bursar Malaysia Derivatives, August, settled seven ringgit hig

Published 14 Jun, 2005 12:00am

Thumping win for Bay cricketers

Records tumbled on Saturday as Whitley Bay thumped ORP in emphatic style. Whitley's captain, Sean Took, won the toss and decided to bat in the sunshine but with rain clouds looming the match was reduced to a 40 over affair. Batting star Uzair Afaq opened

Published 14 Jun, 2005 12:00am

Raikkonen wins Montreal Grand Prix

The hand of fate favoured McLaren's Kimi Raikkonen here in Sunday's Canadian Grand Prix when he took a slice of points away from Renault rival Fernando Alonso's world championship lead. The previously unflappable Spaniard made a mistake that cost him dear

Published 14 Jun, 2005 12:00am

Confidence high for Federer and Sharapova

Defending Wimbledon champions Roger Federer and Maria Sharapova will begin the defence of their Grand Slam titles in confident mood next week after clinching repeat warm-up event wins on Sunday. Federer, the two-time Wimbledon champion, made it a hat-tric

Published 14 Jun, 2005 12:00am

Indian football captain laments cricket's dominance

The captain of India's football team Shanmugam Venkatesh, which is playing its first-ever series with Pakistan, lamented on Monday the dominance of cricket in the subcontinent and said he avoids watching it. "Football is impeded by cricket which steals th

Published 14 Jun, 2005 12:00am

Hot putter gives Garcia hope for major breakthrough at US Open

Sergio Garcia took a putting tip from Adam Scott, then swiped the Australian's Booz Allen Classic title here on Sunday to show he has a solid chance for his first major crown at next week's US Open. The 25-year-old Spaniard began his last round with an ea

Published 14 Jun, 2005 12:00am

Saudi Arabia says women driving not priority

Saudi Arabia's powerful Interior Minister Prince Nayef bin Abdul-Aziz criticised calls to lift a ban on women drivers and said argument over the issue could harm the kingdom. Dashing hopes of a swift end to the decades-long ban, Nayef said he was surprise

Published 14 Jun, 2005 12:00am

Venezuela threatens US with court over Cuban exile

Venezuela will take the United States to an international court if it does not extradite a Cuban exile sought by Caracas for blowing up a Cuban airliner in 1976, President Hugo Chavez said on Sunday. In a television broadcast, Chavez said US authorities h

Published 14 Jun, 2005 12:00am

Indonesia military hunt cars carrying bombs

Indonesian soldiers are hunting for five cars believed to be carrying bombs made by al Qaeda-linked militants, a newspaper said on Monday. Koran Tempo daily reported that the military believes the bombs were made by recruits of Malaysian terrorism fugitiv

Published 14 Jun, 2005 12:00am

EU extends suspension of sanctions against Cuba

EU foreign ministers decided Monday to extend a suspension of EU sanctions against Cuba until next June but criticised Havana for a lack of progress on improving human rights, the bloc's Luxembourg presidency said Monday. "The council of ministers decided

Published 14 Jun, 2005 12:00am

UK graves may shed light on US founding father

Archaeologists started digging in an English church graveyard on Monday in a bid to find out more about a 17th century explorer regarded by historians as one of the unsung founding fathers of the United States. Bartholomew Gosnold was one of the leaders o

Published 14 Jun, 2005 12:00am

Portugal Communist hardliner Alvaro Cunhal dies

Alvaro Cunhal, the hard-line Portuguese Communist who led his party to the brink of power after the 1974 bloodless revolution, died on Monday aged 91, the Portuguese Communist Party announced. Often dubbed the last of the Stalinists, Cunhal never wavered

Published 14 Jun, 2005 12:00am

New French foreign minister seeks good ties with US

France's new foreign minister pledged in comments published on Monday to press on with recent efforts to improve relations with the United States after the chill caused by the Iraq war. In a wide-ranging interview with Le Figaro newspaper, Philippe Douste

Published 14 Jun, 2005 12:00am

US report criticises UN, urges reforms

A panel appointed by Congress will issue a report this week criticising the United Nations for poor management, low staff morale and lack of accountability and professional ethics, but back changes proposed by UN Secretary-General Kofi Annan, the New York

Published 14 Jun, 2005 12:00am

Petronas still in talks over Iran LNG project: official

Malaysia's national oil firm Petronas said Monday it has not pulled out of a 2.0 billion dollar joint venture to develop Iran's Pars liquefied natural gas project, after last month signalling it could withdraw. "We have not pulled out of the South Pars (g

Published 14 Jun, 2005 12:00am

Germany raises prospect of EU summit budget failure

Germany raised the prospect on Monday that the European Union may fail to clinch a deal on its long-term budget at a summit this week, deepening the crisis triggered by two "No" votes to the EU constitution. With time running out before a June 16-17 summi

Published 14 Jun, 2005 12:00am

UN agency asks Malaysia to hire refugees

Malaysia should allow 50,000 refugees, many from neighbouring Indonesia and Myanmar, to work in the country legally in order to make up for a labour shortage, the UN refugee agency urged on Monday. Volker Turk, representative of the United Nations High Co

Published 14 Jun, 2005 12:00am

Petronas in talks to develop Iraq oil

Malaysia's state oil company Petroliam Nasional Bhd (Petronas) said on Monday it was in talks with Iraqi officials about how it could help develop the country's war-battered oil industry. Petronas, already working in political hot spots such as Sudan, Mya

Published 14 Jun, 2005 12:00am

News Corp to buy back up to $3 billion in stock

News Corp, the movie studio and television conglomerate, on Monday said it planned to buy back up to $3 billion of its stock, responding to calls from shareholders to put its cash to work. The share repurchase, expected to take place over the next two yea

Published 14 Jun, 2005 12:00am

Bank takeover alarms Germans, government passes buck

The German government rejected calls for an overhaul of the country's banking industry on Monday after a bid by Italy's UniCredito for HVB Group rang alarms bells over the future of the sector. Weakened by years of losses, hamstrung by poor growth prospec

Published 14 Jun, 2005 12:00am

Hunger strike call withdrawn

Workers of printing and processing industry have withdrawn the call for protest and hunger strike after an agreement inked between Labour Organisations and All Pakistan Textile Processing Mills Association (APTPMA). According to the agreement, processing

Published 14 Jun, 2005 12:00am

FWBL chief honoured with IBA Award

First Women Bank Ltd (FWFL) President Ms Zarine Aziz became the first-ever Pakistani to receive the prestigious International Business Award (IBA) at the Annual International Business Award ceremony in New York, USA. The IBAs are the only global, all enco

Published 14 Jun, 2005 12:00am

UniCredito vows discipline for takeover target HVB

UniCredito will cut 9,000 jobs and run Germany's HVB on a tight leash once it carries out Europe's biggest cross-border takeover, the head of the Italian bank said on Monday. "After the deal is completed, financial discipline will be the key word," UniCre

Published 14 Jun, 2005 12:00am

Morgan Stanley chief executive stepping down

Morgan Stanley said Monday that chief executive Philip Purcell is leaving the Wall Street giant in the face of a fierce campaign from dissident shareholders and executives. The investment bank and brokerage company said Purcell will leave no later than Ma

Published 14 Jun, 2005 12:00am

Morgan Stanley chief executive stepping down

Morgan Stanley said Monday that chief executive Philip Purcell is leaving the Wall Street giant in the face of a fierce campaign from dissident shareholders and executives. The investment bank and brokerage company said Purcell will leave no later than Ma

Published 14 Jun, 2005 12:00am

Iraq and Iran revive pipeline project

Iraq and Iran have agreed to revive a pipeline project to help solve Iraq's fuel shortages, Iraqi Oil Ministry spokesman Assem Jihad said on Monday. The dual pipeline, which was proposed last year, would allow Iraq to pump up to 150,000 barrels per day (b

Published 14 Jun, 2005 12:00am

Opec says higher oil limits may not dent $50 oil

Opec producers on Monday said they were prepared to raise oil output limits but admitted they had little left in their armoury to rein in $53-a-barrel crude. Meeting on Wednesday, the Organisation of the Petroleum Exporting Countries is struggling to cont

Published 14 Jun, 2005 12:00am

Iran agrees major deal to export LNG to India

Iran on Monday agreed a major deal to export liquefied natural gas (LNG) to India, the latest sign of growing ties between energy-hungry Asia and Iran, holder of the world's second biggest gas reserves. Rokneddin Javadi, head of the state's National Irani

Published 14 Jun, 2005 12:00am

Tata Steel to invest in Iran

Tata Steel Ltd, India's largest private sector steel maker, said on Monday it would invest $1.1-1.2 billion in building steel plants in Iran. The investment, part of Tata Steel's drive to expand abroad, came on the same day Iran agreed a major deal to exp

Published 14 Jun, 2005 12:00am

Snow urges Europe to focus on economic reform

US Treasury Secretary John Snow on Monday urged European countries to continue to pursue reforms to boost their domestic growth, saying this would also be in the global economy's interests. Speaking at a news conference after meeting Dutch Finance Ministe

Published 14 Jun, 2005 12:00am

Indian think tank cuts GDP growth forecast to 6 percent

A leading Indian economic think tank has cut its forecast for growth in Asia's fourth-largest economy in the year to March 2006 to 6.0 percent from 6.6 percent as it fears insufficient monsoon rains could shrink farm output. The Centre for Monitoring Indi

Published 14 Jun, 2005 12:00am

Illegal GMO rice spreads across China: Greenpeace

The discovery of genetically modified rice being illegally sold in a booming southern Chinese city shows the grain is spreading across China and could enter markets overseas, Greenpeace said on Monday. The environmental group said genetically engineered r

Published 14 Jun, 2005 12:00am

Blair wins Russia's backing for G8 agenda

Britain's Tony Blair on Monday won Russia's support at the start of a mission to pave the way for agreements on tackling African poverty and climate change at the Group of Eight summit. Blair, who met Russian President Vladimir Putin near Moscow and was t

Published 14 Jun, 2005 12:00am

EU and US delay WTO aircraft probe

The European Union and the United States on Monday delayed the immediate launch of World Trade Organisation (WTO) probes into how their main aircraft makers are financed, officials said. Blocking the creation of panels at the first request is standard pra

Published 14 Jun, 2005 12:00am

Qatar to buy Airbus and Boeing planes for $15 billion

Qatar Airways gave a big boost to European planemaker Airbus on Monday, choosing its future mid-sized jet over a more established rival from Boeing as part of a mammoth $15 billion order plan. Doha-based Qatar said it was close to signing a deal to buy up

Published 14 Jun, 2005 12:00am

G77 ministers to tackle economy, UN reform at Doha summit

Foreign ministers of the Group of 77 plus China met Monday ahead of a summit of the largest Third World coalition due to discuss UN reform and measures to strengthen their developing economies. The G77, which groups 132 countries in the alliance of develo

Published 14 Jun, 2005 12:00am

Slovakia sells four-year state bond

Slovakia sold 3.150 billion crowns ($99.8 million) worth of 4-year, floating-rate state bonds in a strongly-bid auction on Monday, data from the finance ministry's Debt and Liquidity Management Agency showed. Total demand in the eighth sale of the paper r

Published 14 Jun, 2005 12:00am

Slovakia sells four-year state bond

Slovakia sold 3.150 billion crowns ($99.8 million) worth of 4-year, floating-rate state bonds in a strongly-bid auction on Monday, data from the finance ministry's Debt and Liquidity Management Agency showed. Total demand in the eighth sale of the paper r

Published 14 Jun, 2005 12:00am

Japanese government bonds ease

Japanese government bond (JGB) prices slipped on Monday after a rise in US Treasury yields took some of the steam out of the market's 3 1/2-month rally. Some traders speculated that foreigners, which have been steadily picking up Japanese government debt

Published 14 Jun, 2005 12:00am

Japanese government bonds ease

Japanese government bond (JGB) prices slipped on Monday after a rise in US Treasury yields took some of the steam out of the market's 3 1/2-month rally. Some traders speculated that foreigners, which have been steadily picking up Japanese government debt

Published 14 Jun, 2005 12:00am

Taiwan stocks at best close in over 13 months

Taiwan stocks rose 0.62 percent on Monday to their highest close in over 13 months as investors looked for tech bargains, such as microchip maker TSMC, after some earlier Wall Street-inspired losses. The main TAIEX share index was up 38.70 points at 6,231

Published 14 Jun, 2005 12:00am

Hong Kong stocks edge higher, IPOs steal spotlight

Hong Kong stocks edged higher in thin trade on Monday as investors awaited fresh details on large upcoming China-related IPOs, although China plays sagged on weaker oil prices. "No one wants to go into the secondary market at the moment. Bank of Communica

Published 14 Jun, 2005 12:00am

New Zealand shares close higher

New Zealand share prices closed 0.32 percent higher on Monday in trade disrupted by technical problems, dealers said. The benchmark NZSX-50 gross index rose 10.02 points to 3,089.23 on turnover of 94.1 million dollars (66.6 million US). Of 151 stocks trad

Published 14 Jun, 2005 12:00am

Thai shares decline

Thai share prices closed 0.72 percent lower on Monday on the back of a domestic oil price hike and a weak Thai currency, dealers said. The Stock Exchange of Thailand (SET) composite index lost 4.89 points to close at 675.09 points, and the blue chip SET 5

Published 14 Jun, 2005 12:00am

Indian shares close higher

Indian shares rose on Monday after two straight sessions of losses on firmer regional markets and lower global oil prices, but the rupee staged its biggest one-day loss since early February on dollar strength overseas. The 30-share Bombay Stock Exchange i

Published 14 Jun, 2005 12:00am

Jakarta stocks rally

Indonesian share prices closed 0.36 percent higher in quiet trade on Monday, with market heavyweights Telkom and Indosat helping to push the market through the 1,100 points resistance level, dealers said. The Jakarta Stock Exchange composite index closed

Published 14 Jun, 2005 12:00am

Currency	Rate
USD PKR Interbank Selling / May 3	278.23
USD PKR Interbank Buying / May 3	278.03
USD to Japanese Yen / May 3	152.98
USD to Swiss Franc / May 3	0.91
Pound Sterling to USD / May 3	1.26
Euro to USD / May 3	1.07

Stock	Volume
S&P 500 / May 1	5018.39
Nasdaq / May 1	15605.48
Dow Jones / May 1	37903.29
Tokyo Nikkei / May 2	38236.07
India Sensex / May 3	74412.88
Hang Seng / May 3	18417.07
FTSE 100 / May 3	8208.23
Germany DAX 30 / May 3	17993.66

Item	Value
Karachi Cotton PKR/37.32 KG / May 2	20000
Petrol/Litre / May 3	288.49
Crude Oil USD/Barrel / May 3	79.12
Gold 10 Grams PKR / May 3	205418
Gold Spot USD/Ounce / May 3	2308.69
Diesel/Litre / May 3	281.96

Stock	Price
786 Invest Ltd / May 3 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 3 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 3 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 3 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 3 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 3 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 3 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 3 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 3 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 3 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 3 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 3 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 3 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 3 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 3 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 3 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 3 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 3 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 3 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 3 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 3 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 3 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 3 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 3 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 3 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 3 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 3 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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