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May 04, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2005-06-23
JCL reduces cement price by Rs 3 per bag

JCL reduces cement price by Rs 3 per bag

The Javedan Cement Ltd (JCL) has reduced price of ordinary Portland cement (OPC) by Rs 3 to Rs 235 per bag of 50 kg from June 10, 2005 to pass on benefit of low-production cost to the consumers. Managing Director JCL Aslam Chandio said here, on Wednesday
Published 23 Jun, 2005 12:00am
JCL reduces cement price by Rs 3 per bag

JCL reduces cement price by Rs 3 per bag

The Javedan Cement Ltd (JCL) has reduced price of ordinary Portland cement (OPC) by Rs 3 to Rs 235 per bag of 50 kg from June 10, 2005 to pass on benefit of low-production cost to the consumers. Managing Director JCL Aslam Chandio said here, on Wednesday
Published 23 Jun, 2005 12:00am
Level playing field offered to all investors: Prime Minister

Level playing field offered to all investors: Prime Minister

The structural reforms carried out by the government over the years and consistency in economic policies have created an investment friendly climate in the country, which offers level playing field to all investors. This was stated by Prime Minister Shauk
Published 23 Jun, 2005 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Wednesday (June 22, 2005).

Published 23 Jun, 2005 12:00am
Flood inundates villages, crops destroyed

Flood inundates villages, crops destroyed

Heavy flood in rivers Swat and Kabul has inundated two villages in district Peshawar, displacing around 150 people and destroyed standing crops over a large area. Troops have been deployed in the area to help the affected people and shift them to safe pla
Published 23 Jun, 2005 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Wednesday (June 22, 2005).

Published 23 Jun, 2005 12:00am
Germany sees quick EADS decision, French wary

Germany sees quick EADS decision, French wary

A long-awaited decision on management changes at top European aerospace firm EADS is imminent, a senior German official said on Wednesday, though French sources cautioned the talks had not been completed yet. "The point in time is now favourable to expect
Published 23 Jun, 2005 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Wednesday (June 22, 2005).

Published 23 Jun, 2005 12:00am
EU wants 20 percent cut in energy use by 2020

EU wants 20 percent cut in energy use by 2020

Europe should reduce its energy consumption by 20 percent by 2020 through more efficient technology, the EU executive Commission said on Wednesday, helping cut dependency on oil and meet climate change targets. EU Energy Commissioner Andris Piebalgs said
Published 23 Jun, 2005 12:00am
Alfa secures Turkcell stake with $3.3 billion deal

Alfa secures Turkcell stake with $3.3 billion deal

Turkey's troubled Cukurova Group agreed a $3.3 billion financing with Alfa Telecom that may hand the Russian firm a stake in its lucrative arm Turkcell, after it ditched a deal with TeliaSonera. The agreement announced on Wednesday gives Alfa an option to
Published 23 Jun, 2005 12:00am
Alfa secures Turkcell stake with $3.3 billion deal

Alfa secures Turkcell stake with $3.3 billion deal

Turkey's troubled Cukurova Group agreed a $3.3 billion financing with Alfa Telecom that may hand the Russian firm a stake in its lucrative arm Turkcell, after it ditched a deal with TeliaSonera. The agreement announced on Wednesday gives Alfa an option to
Published 23 Jun, 2005 12:00am
Morgan Stanley earnings fall

Morgan Stanley earnings fall

US investment bank Morgan Stanley on Wednesday said quarterly profit dropped 24 percent on sharply lower trading and underwriting, and fell short of its forecast last week due to costs from Parmalat SpA litigation. The banking, brokerage and credit card c
Published 23 Jun, 2005 12:00am
Morgan Stanley earnings fall

Morgan Stanley earnings fall

US investment bank Morgan Stanley on Wednesday said quarterly profit dropped 24 percent on sharply lower trading and underwriting, and fell short of its forecast last week due to costs from Parmalat SpA litigation. The banking, brokerage and credit card c
Published 23 Jun, 2005 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Wednesday (June 22, 2005).

Published 23 Jun, 2005 12:00am
Companies face brunt of UK immigration controls

Companies face brunt of UK immigration controls

British firms could be fined for employing illegal immigrants under new plans to revamp controls on people entering the country. In the Immigration, Asylum and Nationality Bill, published on Wednesday, are proposals to fine employers up to 2,000 pounds ($
Published 23 Jun, 2005 12:00am
UK interest rate cut prospects soar

UK interest rate cut prospects soar

Expectations of a Bank of England interest rate cut shot up on Wednesday after news that, for the first time in two years, two policymakers had called for lower borrowing costs. Short sterling interest futures recorded their biggest jump since February 20
Published 23 Jun, 2005 12:00am
Bear Stearns may face SEC action, fine

Bear Stearns may face SEC action, fine

Bear Stearns Cos, a Wall Street investment bank, on Wednesday said it faces a possible US Securities and Exchange Commission enforcement action and fine over improper mutual fund trading.
Published 23 Jun, 2005 12:00am
Bears tighten grip on ISE

Bears tighten grip on ISE

Bears continued to stay in the driving seat at the Islamabad Stock Exchange (ISE) where equities showed minus signs amid decrease in index. ISE Network Index showed a decrease of 58.40 points as the rate-based indicator moved from 11,624.74 to 11,566.34 p
Published 23 Jun, 2005 12:00am
Bears tighten grip on ISE

Bears tighten grip on ISE

Bears continued to stay in the driving seat at the Islamabad Stock Exchange (ISE) where equities showed minus signs amid decrease in index. ISE Network Index showed a decrease of 58.40 points as the rate-based indicator moved from 11,624.74 to 11,566.34 p
Published 23 Jun, 2005 12:00am
Profit-taking sets in on LSE

Profit-taking sets in on LSE

Downward trend continued on the Lahore Stock Exchange (LSE) for the second consecutive session on account of profit-taking in key chips, especially in petroleum stocks, which forced the index to close in negative zone.
Published 23 Jun, 2005 12:00am
Profit-taking sets in on LSE

Profit-taking sets in on LSE

Downward trend continued on the Lahore Stock Exchange (LSE) for the second consecutive session on account of profit-taking in key chips, especially in petroleum stocks, which forced the index to close in negative zone.
Published 23 Jun, 2005 12:00am
KSE: investors stay away from rings

KSE: investors stay away from rings

Equities for the second consecutive session on Wednesday registered decline, wiping early morning gains and forcing seasoned investors to stay away from the rings, sliding the daily volume by almost half. The KSE-100 index depicted a fall of 80.64 point,
Published 23 Jun, 2005 12:00am
KSE: investors stay away from rings

KSE: investors stay away from rings

Equities for the second consecutive session on Wednesday registered decline, wiping early morning gains and forcing seasoned investors to stay away from the rings, sliding the daily volume by almost half. The KSE-100 index depicted a fall of 80.64 point,
Published 23 Jun, 2005 12:00am
KSE: investors stay away from rings

KSE: investors stay away from rings

Equities for the second consecutive session on Wednesday registered decline, wiping early morning gains and forcing seasoned investors to stay away from the rings, sliding the daily volume by almost half. The KSE-100 index depicted a fall of 80.64 point,
Published 23 Jun, 2005 12:00am
NWFP Assembly calls for immediate NFC Award

NWFP Assembly calls for immediate NFC Award

NWFP Assembly on Wednesday commenced debate on 2005-06 provincial budget with demand for the immediate announcement of Sixth National Finance Commission (NFC) Award and payment of outstanding amounts against Wapda under the head of net profit on hydel pow
Published 23 Jun, 2005 12:00am
Musharraf and Shaukat review budgetary measures

Musharraf and Shaukat review budgetary measures

President General Pervez Musharraf and Prime Minister Shaukat Aziz at a meeting here on Wednesday reviewed geopolitical environment, law and order and budgetary measures for the next financial year. They expressed satisfaction over the fact that foreign d
Published 23 Jun, 2005 12:00am
Musharraf and Shaukat review budgetary measures

Musharraf and Shaukat review budgetary measures

President General Pervez Musharraf and Prime Minister Shaukat Aziz at a meeting here on Wednesday reviewed geopolitical environment, law and order and budgetary measures for the next financial year. They expressed satisfaction over the fact that foreign d
Published 23 Jun, 2005 12:00am
Musharraf and Shaukat review budgetary measures

Musharraf and Shaukat review budgetary measures

President General Pervez Musharraf and Prime Minister Shaukat Aziz at a meeting here on Wednesday reviewed geopolitical environment, law and order and budgetary measures for the next financial year. They expressed satisfaction over the fact that foreign d
Published 23 Jun, 2005 12:00am
Rs 46.378 billion Balochistan budget presented

Rs 46.378 billion Balochistan budget presented

An all-time high record Balochistan budget for 2005-06 with an outlay of Rs 46.378 billion, showing a deficit of Rs 5.245 billion was presented by Provincial Finance Minister Ehsan Shah in Balochistan Assembly here on Wednesday afternoon.
Published 23 Jun, 2005 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Wednesday (June 22, 2005).

Published 23 Jun, 2005 12:00am
Rs 46.378 billion Balochistan budget presented

Rs 46.378 billion Balochistan budget presented

An all-time high record Balochistan budget for 2005-06 with an outlay of Rs 46.378 billion, showing a deficit of Rs 5.245 billion was presented by Provincial Finance Minister Ehsan Shah in Balochistan Assembly here on Wednesday afternoon.
Published 23 Jun, 2005 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Wednesday (June 22, 2005).
Published 23 Jun, 2005 12:00am
Rs 46.378 billion Balochistan budget presented

Rs 46.378 billion Balochistan budget presented

An all-time high record Balochistan budget for 2005-06 with an outlay of Rs 46.378 billion, showing a deficit of Rs 5.245 billion was presented by Provincial Finance Minister Ehsan Shah in Balochistan Assembly here on Wednesday afternoon.
Published 23 Jun, 2005 12:00am
Rs 46.378 billion Balochistan budget presented

Rs 46.378 billion Balochistan budget presented

An all-time high record Balochistan budget for 2005-06 with an outlay of Rs 46.378 billion, showing a deficit of Rs 5.245 billion was presented by Provincial Finance Minister Ehsan Shah in Balochistan Assembly here on Wednesday afternoon.
Published 23 Jun, 2005 12:00am
Bill buying rates per unit of currency

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 (June 22, 2005).

Published 23 Jun, 2005 12:00am
Chinese team upbeat about trade link boost

Chinese team upbeat about trade link boost

Vice Commissioner Kashgar Administration and leader of Chinese team participating in "My Karachi" exhibition, Chen Ji hoped that the fair would become a good platform to explore business opportunities. Addressing a joint press conference with President Ka
Published 23 Jun, 2005 12:00am
InvestCap gets 'Best Equity Brokerage' award

InvestCap gets 'Best Equity Brokerage' award

InvestCapital and Securities (Pvt) Ltd received the 'Best Equity Brokerage House in Pakistan' award for 2003-04 from the CFA Association of Pakistan. It had received the same price in 2002-03 also. Dr Ishrat Hussain, Governor, State Bank of Pakistan, pres
Published 23 Jun, 2005 12:00am
Paktel and PALS enter into pact to provide beach rescue services

Paktel and PALS enter into pact to provide beach rescue services

Paktel cellular service provider has entered into an agreement with a specialised NGO, "Pakistan Aquatic Life Saving" (PALS) to provide and assist beach rescue services. The experts from New Zealand have imparted training to some 150 lifeguards mostly bel
Published 23 Jun, 2005 12:00am
Two killed, 15 injured in Indian occupied Kashmir

Two killed, 15 injured in Indian occupied Kashmir

Fifteen people were injured in a grenade blast triggered by alleged mujahideen in Indian occupied Kashmir while Indian occupation troops shot dead two mujahideen near the de facto border with Pakistan, officials said on Wednesday.
Published 23 Jun, 2005 12:00am
Currency notes: exchange rates

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Wednesday (June 22, 2005).

Published 23 Jun, 2005 12:00am
Raw sugar import allowed through land and sea routes

Raw sugar import allowed through land and sea routes

The government on Wednesday allowed commercial import of raw sugar through sea and land routes from any country, with the hope that the measure would help catch the upward trend in sugar prices. Commercial importers will be free to import sugar of any acu
Published 23 Jun, 2005 12:00am
Conversion for foreign currency deposits

Conversion for foreign currency deposits

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Wednesday (June 22, 2005).

Published 23 Jun, 2005 12:00am
Raw sugar import allowed through land and sea routes

Raw sugar import allowed through land and sea routes

The government on Wednesday allowed commercial import of raw sugar through sea and land routes from any country, with the hope that the measure would help catch the upward trend in sugar prices. Commercial importers will be free to import sugar of any acu
Published 23 Jun, 2005 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Wednesday (June 22, 2005).

Published 23 Jun, 2005 12:00am
Raw sugar import allowed through land and sea routes

Raw sugar import allowed through land and sea routes

The government on Wednesday allowed commercial import of raw sugar through sea and land routes from any country, with the hope that the measure would help catch the upward trend in sugar prices. Commercial importers will be free to import sugar of any acu
Published 23 Jun, 2005 12:00am
Barclays bid rates and maximum rates for payment of interest

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 23 Jun, 2005 12:00am
SBP drains Rs 81.033 billion in TBs auction

SBP drains Rs 81.033 billion in TBs auction

The State Bank of Pakistan on Wednesday, in its Treasury Bills auction, accepted bids worth Rs 81.033 billion against the target of Rs 20 billion. The SBP did not hesitate to pick above the target amount since Rs 127 billion will be maturing on July 7.
Published 23 Jun, 2005 12:00am
State Bank of Pakistan conversion rates

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 23 Jun, 2005 12:00am
SBP drains Rs 81.033 billion in TBs auction

SBP drains Rs 81.033 billion in TBs auction

The State Bank of Pakistan on Wednesday, in its Treasury Bills auction, accepted bids worth Rs 81.033 billion against the target of Rs 20 billion. The SBP did not hesitate to pick above the target amount since Rs 127 billion will be maturing on July 7.
Published 23 Jun, 2005 12:00am
SBP drains Rs 81.033 billion in TBs auction

SBP drains Rs 81.033 billion in TBs auction

The State Bank of Pakistan on Wednesday, in its Treasury Bills auction, accepted bids worth Rs 81.033 billion against the target of Rs 20 billion. The SBP did not hesitate to pick above the target amount since Rs 127 billion will be maturing on July 7.
Published 23 Jun, 2005 12:00am
US Midwest corn and soya firmer

US Midwest corn and soya firmer

US Midwest spot river basis bids for corn and soyabeans were firmer Wednesday while bids at interior locations stayed steady amid weak sales, dealers said. Farmers were not selling corn or soyabeans because they believed dry conditions in the eastern Midw
Published 23 Jun, 2005 12:00am
SBP drains Rs 81.033 billion in TBs auction

SBP drains Rs 81.033 billion in TBs auction

The State Bank of Pakistan on Wednesday, in its Treasury Bills auction, accepted bids worth Rs 81.033 billion against the target of Rs 20 billion. The SBP did not hesitate to pick above the target amount since Rs 127 billion will be maturing on July 7.
Published 23 Jun, 2005 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 97,629 tonnes of cargo including 77,845 tonnes import and 19,784 tonnes export cargo including 3,330 containers during last 24 hours ending at 0700 hours on Wednesday. The cargo comprised of 65,132 tonnes dry cargo including 37,30
Published 23 Jun, 2005 12:00am
Over $1 billion foreign direct investment received

Over $1 billion foreign direct investment received

The landmark achievement of over $1 billion in foreign direct investment (FDI) has been successfully realised. The FDI figures for the period July 2004 to May 4, 2005 stood at $1,029.7 billion as compared to $902.8 million for the corresponding period of
Published 23 Jun, 2005 12:00am
Kenyan coffee prices firmer

Kenyan coffee prices firmer

Kenya's coffee prices firmed at this week's auction, helped by increased demand for the small amount of coffee available at the auction due to the end of the main harvest season, traders said on Tuesday. Most of the coffee was of low quality.
Published 23 Jun, 2005 12:00am
Over $1 billion foreign direct investment received

Over $1 billion foreign direct investment received

The landmark achievement of over $1 billion in foreign direct investment (FDI) has been successfully realised. The FDI figures for the period July 2004 to May 4, 2005 stood at $1,029.7 billion as compared to $902.8 million for the corresponding period of
Published 23 Jun, 2005 12:00am
HRW wheat bids mostly steady

HRW wheat bids mostly steady

US Plains spot hard red winter wheat basis bids were mostly steady on Wednesday morning as clear weather allowed widespread combining in Kansas after recent rain delays, merchandisers said. Harvest movement was building, but farmer selling was scattered a
Published 23 Jun, 2005 12:00am
Over $1 billion foreign direct investment received

Over $1 billion foreign direct investment received

The landmark achievement of over $1 billion in foreign direct investment (FDI) has been successfully realised. The FDI figures for the period July 2004 to May 4, 2005 stood at $1,029.7 billion as compared to $902.8 million for the corresponding period of
Published 23 Jun, 2005 12:00am
Brazilian cocoa arrivals up

Brazilian cocoa arrivals up

Brazil's 2005/06 (May/April) cocoa arrivals from Bahia and other states totalled 953,254 60-kg bags by June 19, up 258 percent from 265,970 bags a year ago, Bahia Commercial Association said Wednesday. Bahia state, Brazil's main cocoa producer, delivered
Published 23 Jun, 2005 12:00am
National Assembly panel asks Wapda to reduce power tariffs

National Assembly panel asks Wapda to reduce power tariffs

Besides taking serious note of the undeclared loadshedding, the National Assembly Standing Committee on Water and Power on Wednesday, directed the Water and Power Development Authority (Wapda) to reduce its electricity tariffs for providing some relief to
Published 23 Jun, 2005 12:00am
Pakistan's edible oil imports slow

Pakistan's edible oil imports slow

Pakistan's edible oil imports have been slow over the past week because of sufficient domestic stocks and rising international prices, but dealers said on Wednesday imports could rise in coming weeks. "The demand locally is not very high, and most of the
Published 23 Jun, 2005 12:00am
76 Taleban killed in fresh Afghan, US attacks

76 Taleban killed in fresh Afghan, US attacks

Afghan and US troops backed by warplanes blasted Taleban hideouts for a second day on Wednesday, killing scores of militants in one of the bloodiest setbacks for the guerrillas since their 2001 overthrow, officials said. General Mohammad Ayoub Salangi, th
Published 23 Jun, 2005 12:00am
Thai rice futures slip, volume up

Thai rice futures slip, volume up

Thai rice futures ended lower on Wednesday as investors, expecting prices to drop further, offset July contracts and took short-sale positions on deferred contracts, brokers said. Overall volume rose as 137 contracts of 5 percent white rice were traded co
Published 23 Jun, 2005 12:00am
76 Taleban killed in fresh Afghan, US attacks

76 Taleban killed in fresh Afghan, US attacks

Afghan and US troops backed by warplanes blasted Taleban hideouts for a second day on Wednesday, killing scores of militants in one of the bloodiest setbacks for the guerrillas since their 2001 overthrow, officials said. General Mohammad Ayoub Salangi, th
Published 23 Jun, 2005 12:00am
FOB Gulf corn firm, soya steady

FOB Gulf corn firm, soya steady

US FOB Gulf corn basis offers were firm on Tuesday amid export demand and a slowdown in farmer selling, while soyabeans were steady, traders said. Barge freight bids were lower at St. Louis on the lower Mississippi River and steady on the Ohio and Illinoi
Published 23 Jun, 2005 12:00am
'Local bodies elections to be held as planned'

'Local bodies elections to be held as planned'

Firmly scotching rumours of postponement, the government declared on Wednesday that the local bodies elections would be held as planned, and the schedule for elections would be announced soon by the Election Commission. The announcement followed the meeti
Published 23 Jun, 2005 12:00am
CBOT wheat futures down on late tumble in soya

CBOT wheat futures down on late tumble in soya

Wheat futures on the Chicago Board of Trade ended down on Tuesday, led lower by a late profit-taking break in soya, traders said. CBOT wheat closed 1 to 4 cents per bushel lower. July was down 4 at $3.35 per bushel. Wheat futures Tuesday traded on both si
Published 23 Jun, 2005 12:00am
'Local bodies elections to be held as planned'

'Local bodies elections to be held as planned'

Firmly scotching rumours of postponement, the government declared on Wednesday that the local bodies elections would be held as planned, and the schedule for elections would be announced soon by the Election Commission. The announcement followed the meeti
Published 23 Jun, 2005 12:00am
Indian soya futures up on weather woes, sugar dips

Indian soya futures up on weather woes, sugar dips

Indian soyabean and soyaoil futures climbed on Wednesday, amid concern about crops following a delay in rains in the major growing region and higher global futures. Sugar dropped for the third consecutive day as the monsoon spread to western regions from
Published 23 Jun, 2005 12:00am
Oil cake market rates

Oil cake market rates

Easier trend persisted on the forward cottonseed oilcake market on Wednesday as leading buyers kept on the sidelines in the absence of fresh leads, they said. The July vaida commenced with no change at Rs 439.60. In the process of trading, it gained 20 pa
Published 23 Jun, 2005 12:00am
Cotton market continues to lack lustre

Cotton market continues to lack lustre

Higher trend in the cotton prices discouraged the buyers on the local market on Wednesday as both the TCP and ginners were not inclined to lower the rates, dealers said. The Karachi Cotton Association (KCA) official spot rate was unchanged at Rs 2275, wit
Published 23 Jun, 2005 12:00am
Marginal changes on grain market

Marginal changes on grain market

Upward trend was seen on the grain market on Wednesday as some items tended higher on tight supply position, dealers said. On the cereals side, Moong Punjab quoted higher at Rs 2750-2815.
Published 23 Jun, 2005 12:00am
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