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May 03, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2005-07-17
US and Canada to hold talks over lumber row: official

US and Canada to hold talks over lumber row: official

The United States and Canada will hold talks in Washington next week in an attempt to resolve a long-standing row over lumber, a US trade official told Reuters on Friday. Senior government officials from both countries will meet in Washington on Monday, t
Published 17 Jul, 2005 12:00am
New entrants can avail Rs 8 billion COT financing from July 18

New entrants can avail Rs 8 billion COT financing from July 18

New entrants seeking carry-over trade (COT) financing can avail of up to Rs 8 billion on first-cum-first served basis effective from Monday, according to a decision taken by the Karachi Stock Exchange. As the data available in the Exchange indicates, inve
Published 17 Jul, 2005 12:00am
New entrants can avail Rs 8 billion COT financing from July 18

New entrants can avail Rs 8 billion COT financing from July 18

New entrants seeking carry-over trade (COT) financing can avail of up to Rs 8 billion on first-cum-first served basis effective from Monday, according to a decision taken by the Karachi Stock Exchange. As the data available in the Exchange indicates, inve
Published 17 Jul, 2005 12:00am
New entrants can avail Rs 8 billion COT financing from July 18

New entrants can avail Rs 8 billion COT financing from July 18

New entrants seeking carry-over trade (COT) financing can avail of up to Rs 8 billion on first-cum-first served basis effective from Monday, according to a decision taken by the Karachi Stock Exchange. As the data available in the Exchange indicates, inve
Published 17 Jul, 2005 12:00am
Funds shortage puts stock market in distress: Salman

Funds shortage puts stock market in distress: Salman

It is not Carry Over Transaction versus margin financing afflicting the capital market, instead it is a total funding availability issue. This has to be tackled on a comprehensive basis and in a systematic fashion, said the Advisor on Finance, Dr Salman S
Published 17 Jul, 2005 12:00am
Funds shortage puts stock market in distress: Salman

Funds shortage puts stock market in distress: Salman

It is not Carry Over Transaction versus margin financing afflicting the capital market, instead it is a total funding availability issue. This has to be tackled on a comprehensive basis and in a systematic fashion, said the Advisor on Finance, Dr Salman S
Published 17 Jul, 2005 12:00am
Funds shortage puts stock market in distress: Salman

Funds shortage puts stock market in distress: Salman

It is not Carry Over Transaction versus margin financing afflicting the capital market, instead it is a total funding availability issue. This has to be tackled on a comprehensive basis and in a systematic fashion, said the Advisor on Finance, Dr Salman S
Published 17 Jul, 2005 12:00am
Talks with India on nuclear CBMs from August 5

Talks with India on nuclear CBMs from August 5

India and Pakistan will hold the next round of expert-level talks on nuclear Confidence-Building Measures (CBMs) here on August 5 and 6, official sources said on Saturday. This will be followed by a meeting on conventional CBMs on August 8, PTI quoted the
Published 17 Jul, 2005 12:00am
Talks with India on nuclear CBMs from August 5

Talks with India on nuclear CBMs from August 5

India and Pakistan will hold the next round of expert-level talks on nuclear Confidence-Building Measures (CBMs) here on August 5 and 6, official sources said on Saturday. This will be followed by a meeting on conventional CBMs on August 8, PTI quoted the
Published 17 Jul, 2005 12:00am
Withholding tax on cash withdrawals clarified

Withholding tax on cash withdrawals clarified

The Central Board of Revenue (CBR) will charge 0.1 percent withholding tax on cash withdrawn through ATM abroad against credit cards issued in Pakistan. But, withholding tax is not levied on cash withdrawals through ATM in Pakistan against credit cards is
Published 17 Jul, 2005 12:00am
Withholding tax on cash withdrawals clarified

Withholding tax on cash withdrawals clarified

The Central Board of Revenue (CBR) will charge 0.1 percent withholding tax on cash withdrawn through ATM abroad against credit cards issued in Pakistan. But, withholding tax is not levied on cash withdrawals through ATM in Pakistan against credit cards is
Published 17 Jul, 2005 12:00am
Withholding tax on cash withdrawals clarified

Withholding tax on cash withdrawals clarified

The Central Board of Revenue (CBR) will charge 0.1 percent withholding tax on cash withdrawn through ATM abroad against credit cards issued in Pakistan. But, withholding tax is not levied on cash withdrawals through ATM in Pakistan against credit cards is
Published 17 Jul, 2005 12:00am
World Bank to finance Discos'' project preparation facility

World Bank to finance Discos'' project preparation facility

The World Bank (WB) has agreed to finance Project Preparation Facility (PPF) for power distribution companies (Discos) with the condition that they have to make procurement in accordance with the Bank''s guidelines, sources in Finance Ministry told Bus
Published 17 Jul, 2005 12:00am
World Bank to finance Discos' project preparation facility

World Bank to finance Discos' project preparation facility

The World Bank (WB) has agreed to finance Project Preparation Facility (PPF) for power distribution companies (Discos) with the condition that they have to make procurement in accordance with the Bank's guidelines, sources in Finance Ministry told Busi
Published 17 Jul, 2005 12:00am
World Bank to finance Discos' project preparation facility

World Bank to finance Discos' project preparation facility

The World Bank (WB) has agreed to finance Project Preparation Facility (PPF) for power distribution companies (Discos) with the condition that they have to make procurement in accordance with the Bank's guidelines, sources in Finance Ministry told Busi
Published 17 Jul, 2005 12:00am
Remittances touched $4.169 billion in last fiscal year: SBP

Remittances touched $4.169 billion in last fiscal year: SBP

Workers'' remittances during the last fiscal year touched 4.169 billion dollars as against 3.868 billion dollars in the corresponding period last year. The State Bank of Pakistan (SBP) said on Saturday that Pakistan received 4.169 billion dollars as worke
Published 17 Jul, 2005 12:00am
Remittances touched $4.169 billion in last fiscal year: SBP

Remittances touched $4.169 billion in last fiscal year: SBP

Workers' remittances during the last fiscal year touched 4.169 billion dollars as against 3.868 billion dollars in the corresponding period last year. The State Bank of Pakistan (SBP) said on Saturday that Pakistan received 4.169 billion dollars as worker
Published 17 Jul, 2005 12:00am
Remittances touched $4.169 billion in last fiscal year: SBP

Remittances touched $4.169 billion in last fiscal year: SBP

Workers' remittances during the last fiscal year touched 4.169 billion dollars as against 3.868 billion dollars in the corresponding period last year. The State Bank of Pakistan (SBP) said on Saturday that Pakistan received 4.169 billion dollars as worker
Published 17 Jul, 2005 12:00am
Banks to accept tax payments without NTN/CNIC

Banks to accept tax payments without NTN/CNIC

To facilitate the business community in depositing tax without hassle, the Central Board of Revenue (CBR) has asked the State Bank of Pakistan (SBP) and National Bank of Pakistan (NBP) to accept tax payments without National Tax Number (NTN) or Computeris
Published 17 Jul, 2005 12:00am
Banks to accept tax payments without NTN/CNIC

Banks to accept tax payments without NTN/CNIC

To facilitate the business community in depositing tax without hassle, the Central Board of Revenue (CBR) has asked the State Bank of Pakistan (SBP) and National Bank of Pakistan (NBP) to accept tax payments without National Tax Number (NTN) or Computeris
Published 17 Jul, 2005 12:00am
Banks to accept tax payments without NTN/CNIC

Banks to accept tax payments without NTN/CNIC

To facilitate the business community in depositing tax without hassle, the Central Board of Revenue (CBR) has asked the State Bank of Pakistan (SBP) and National Bank of Pakistan (NBP) to accept tax payments without National Tax Number (NTN) or Computeris
Published 17 Jul, 2005 12:00am
Bank Alfalah open squash tournament to commence from July 22

Bank Alfalah open squash tournament to commence from July 22

Bank Alfalah Pakistan Open Squash Tournament will commence on July 22, 2005; where top ranking players from across the world will participate in one of the most prestigious tournament on the circuit. This is the fourth consecutive year that Bank Alfalah i
Published 17 Jul, 2005 12:00am
Karachi traffic police drive against delinquents from July 23

Karachi traffic police drive against delinquents from July 23

The Karachi Traffic Police will carry out a campaign from next Saturday (July 23) against under-age motorcyclists and those without a valid driving license. It has been decided to detain motorcycles in case of the two violations.
Published 17 Jul, 2005 12:00am
EU seeks Pakistan help for peaceful Afghan polls

EU seeks Pakistan help for peaceful Afghan polls

The European Union is putting pressure on Pakistan to help curb militant violence in Afghanistan ahead of parliamentary polls in September, EU lawmakers said on Saturday.
Published 17 Jul, 2005 12:00am
Indonesia, Aceh rebels tentatively agree to make peace

Indonesia, Aceh rebels tentatively agree to make peace

Representatives for the Indonesian government and Aceh rebels agreed to a tentative peace deal in Helsinki late Saturday, boosting hopes that their 30-year conflict could soon be over, rebels said.
Published 17 Jul, 2005 12:00am
25 killed in occupied Kashmir

25 killed in occupied Kashmir

Indian occupation troops on Saturday shot dead 21 freedom fighters in Indian occupied Kashmir, while two occupation soldiers and two civilians were killed as the hunt continued for freedom fighters.
Published 17 Jul, 2005 12:00am
Dadu and Thatta Sugar Mills' cases decided

Dadu and Thatta Sugar Mills' cases decided

The Cabinet Committee, headed by Senior Provincial Minister Sardar Ahmed has examined matters related to Dadu and Thatta Sugar Mills and sent its report to Sindh Privatisation Committee. The Committee comprised Provincial Industries Minister Mohammed Adil
Published 17 Jul, 2005 12:00am
SBP revises format for weekly statement of position

SBP revises format for weekly statement of position

The State Bank of Pakistan (SBP) has decided to revise format of the weekly Statement of Position with a view to re-organise data reporting to the SBP and to remove data redundancies to lessen reporting burden of banks/DFIs.
Published 17 Jul, 2005 12:00am
Tribesmen vent anger over US counter-attack

Tribesmen vent anger over US counter-attack

Thousands of tribesmen shouted anti-US slogans on Saturday as they buried three of 24 suspected militants killed inside Pakistan by US forces operating out of Afghanistan. Mourners chanted "Down with infidel America" and "Long Live Islam" at the funeral h
Published 17 Jul, 2005 12:00am
Banks to receive Haj applications from July 20

Banks to receive Haj applications from July 20

All arrangements to receive Haj applications from the intending pilgrims were reviewed at a meeting of the bank officers, presided over by Secretary Religious Affairs, Wakeel Ahmed Khan here on Saturday. This was stated by Director Haj Lahore, Farogh Afta
Published 17 Jul, 2005 12:00am
Local government poll process starts in 54 districts

Local government poll process starts in 54 districts

Election process for Local Government Elections 2005 kicked off on Saturday with the issuance of notices inviting nominations from candidates in 3074 union councils of 54 districts. In the first phase of three-phase local government elections, the process
Published 17 Jul, 2005 12:00am
Local government poll process starts in 54 districts

Local government poll process starts in 54 districts

Election process for Local Government Elections 2005 kicked off on Saturday with the issuance of notices inviting nominations from candidates in 3074 union councils of 54 districts. In the first phase of three-phase local government elections, the process
Published 17 Jul, 2005 12:00am
Five killed in Turkish explosion

Five killed in Turkish explosion

A powerful bomb blast destroyed a minibus in a Turkish seaside resort on Saturday, killing five people, among them an Irish and a British tourist and wounding 13, officials said. Police were investigating whether a suicide bomber or a parcel bomb caused t
Published 17 Jul, 2005 12:00am
Five killed in Turkish explosion

Five killed in Turkish explosion

A powerful bomb blast destroyed a minibus in a Turkish seaside resort on Saturday, killing five people, among them an Irish and a British tourist and wounding 13, officials said. Police were investigating whether a suicide bomber or a parcel bomb caused t
Published 17 Jul, 2005 12:00am
Prime Minister in Karachi

Prime Minister in Karachi

Prime Minister Shaukat Aziz arrived here late on Saturday evening. According to an official handout, he was received by Sindh governor Dr Ishratul Ibad Khan and Chief Minister Dr Arbab Ghulam Rahim at the Karachi airport.
Published 17 Jul, 2005 12:00am
The Weather

The Weather

The weather report on Saturday (July 16) and the forecast for Sunday (July 17, 2005).
Published 17 Jul, 2005 12:00am
Prime Minister in Karachi

Prime Minister in Karachi

Prime Minister Shaukat Aziz arrived here late on Saturday evening. According to an official handout, he was received by Sindh governor Dr Ishratul Ibad Khan and Chief Minister Dr Arbab Ghulam Rahim at the Karachi airport.
Published 17 Jul, 2005 12:00am
Your rupee last half year

Your rupee last half year

Following currency fluctuations took place in foreign exchange rates during last half year. (January 3 to June 30, 2005)

Published 17 Jul, 2005 12:00am
Three quakes jolt Karachi

Three quakes jolt Karachi

Mild-to-low intensity earthquake shocks were felt across the country on Saturday morning. No loss of life or property was reported from any place. Karachi Met office Director Abdul Hameed told Business Recorder that the seismological laboratory of
Published 17 Jul, 2005 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (July 16, 2005).

Published 17 Jul, 2005 12:00am
Three quakes jolt Karachi

Three quakes jolt Karachi

Mild-to-low intensity earthquake shocks were felt across the country on Saturday morning. No loss of life or property was reported from any place. Karachi Met office Director Abdul Hameed told Business Recorder that the seismological laboratory of
Published 17 Jul, 2005 12:00am
Poultry rates

Poultry rates

Wholesale poultry rates on Saturday (July 16, 2005) and Sunday (July 17, 2005).
Published 17 Jul, 2005 12:00am
Shaukat gives away tractors keys to farmers

Shaukat gives away tractors keys to farmers

Prime Minister Shaukat Aziz on Saturday gave away tractors keys, thrashers and shields to the farmers for showing excellent performance in the field of wheat growing during the year 2005. Rao Khurshid Ahmed of Jhang district obtained first position by att
Published 17 Jul, 2005 12:00am
Prime Minister's visit to US and Canada postponed

Prime Minister's visit to US and Canada postponed

Prime Minister Shaukat Aziz' visit to the United States of America and Canada by the end of this month has been postponed and will be rescheduled. A statement by the Foreign Office issued here on Saturday said the visit of Prime Minister Shaukat Aziz to t
Published 17 Jul, 2005 12:00am
Prime Minister's visit to US and Canada postponed

Prime Minister's visit to US and Canada postponed

Prime Minister Shaukat Aziz' visit to the United States of America and Canada by the end of this month has been postponed and will be rescheduled. A statement by the Foreign Office issued here on Saturday said the visit of Prime Minister Shaukat Aziz to t
Published 17 Jul, 2005 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Saturday (July 16, 2005).

Published 17 Jul, 2005 12:00am
Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Saturday (July 16, 2005).

Published 17 Jul, 2005 12:00am
Grain market rates

Grain market rates

Karachi grain market rates in rupees on Saturday (July 16, 2005).

Published 17 Jul, 2005 12:00am
Rates of dry fruit

Rates of dry fruit

Rates of dry fruit in rupees prevailing on the commodity markets in Karachi on Saturday (July 16, 2005).

Published 17 Jul, 2005 12:00am
Jute goods rates

Jute goods rates

Jute goods rates in rupees prevailing on the commodity markets in Karachi on Saturday (July 16, 2005).

Published 17 Jul, 2005 12:00am
Raw rubber rates

Raw rubber rates

Raw Rubber rates in rupees prevailing on the commodity markets in Karachi on Saturday (July 16, 2005).

Published 17 Jul, 2005 12:00am
Milk powder rates

Milk powder rates

Milk Powder rates in rupees prevailing on the commodity markets in Karachi on Saturday (July 16, 2005).

Published 17 Jul, 2005 12:00am
Karachi tea rates

Karachi tea rates

Tea rates in rupees prevailing on the commodity markets in Karachi on Saturday (July 16, 2005).

Published 17 Jul, 2005 12:00am
THE RUPEE: rates stable in interbank

THE RUPEE: rates stable in interbank

Firmer trend was seen in the inter-bank market on Saturday as the rupee held its overnight levels versus the dollar for buying and selling at 59.61 and 59.63, respectively. Easy supply of dollar helped the rupee to retain its steadier trend in the process
Published 17 Jul, 2005 12:00am
THE RUPEE: rates stable in interbank

THE RUPEE: rates stable in interbank

Firmer trend was seen in the inter-bank market on Saturday as the rupee held its overnight levels versus the dollar for buying and selling at 59.61 and 59.63, respectively. Easy supply of dollar helped the rupee to retain its steadier trend in the process
Published 17 Jul, 2005 12:00am
EFU funds rates

EFU funds rates

EFU Life Assurance Ltd announced that the Offer and Bid prices for the following funds effective from Monday July 18, 2005.

Published 17 Jul, 2005 12:00am
EFU funds rates

EFU funds rates

EFU Life Assurance Ltd announced that the Offer and Bid prices for the following funds effective from Monday July 18, 2005.

Published 17 Jul, 2005 12:00am
EFU funds rates

EFU funds rates

EFU Life Assurance Ltd announced that the Offer and Bid prices for the following funds effective from Monday July 18, 2005.

Published 17 Jul, 2005 12:00am
Rates of Pipe Fittings

Rates of Pipe Fittings

Pipe fitting rates in rupees prevailing in the markets in Karachi on Saturday (July 16, 2005).

Published 17 Jul, 2005 12:00am
Iron, steel and other metal rates

Iron, steel and other metal rates

Iron, steel and other metal rates in rupees prevailing on the commodity markets in Karachi on Saturday (July 16, 2005).

Published 17 Jul, 2005 12:00am
Automart: car prices in Karachi

Automart: car prices in Karachi

The prices of different makes and models of cars prevailing in Karachi in the week ended Saturday (July 16, 2005).

Published 17 Jul, 2005 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (July 16, 2005).

Published 17 Jul, 2005 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (July 16, 2005).

Published 17 Jul, 2005 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Saturday (July 16, 2005).

Published 17 Jul, 2005 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Saturday (July 16, 2005).

Published 17 Jul, 2005 12:00am
World currencies and dollar

World currencies and dollar

Value of the dollar in terms of other world currencies as prevailing in the week ended Saturday (July 16, 2005).

Published 17 Jul, 2005 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Saturday (July 16, 2005).

Published 17 Jul, 2005 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Saturday (July 16, 2005).
Published 17 Jul, 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 Saturday (July 16, 2005).

Published 17 Jul, 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 Saturday (July 16, 2005).

Published 17 Jul, 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 Saturday (July 16, 2005).

Published 17 Jul, 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 Saturday (July 16, 2005).

Published 17 Jul, 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 17 Jul, 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 17 Jul, 2005 12:00am
Armstrong retains yellow

Armstrong retains yellow

Austria's Georg Totschnig of the Gerolsteiner team won the 14th stage of the Tour de France here on Saturday on the first day of three in the Pyrenees. American Lance Armstrong retained the race leader's yellow jersey he is aiming to win for a seventh con
Published 17 Jul, 2005 12:00am
Aussies take strike for 9th straight win

Aussies take strike for 9th straight win

The Australians want it known that they have their house in order after a ragged tour start and are on track for their ninth consecutive Ashes Test series victory over England. Ricky Ponting's team has recovered from a calamitious lead-up, humiliated by A
Published 17 Jul, 2005 12:00am
Saltman is new Scottish hope in golf

Saltman is new Scottish hope in golf

Colin Montgomerie may have been carrying Scottish hopes once again in the British Open on Saturday, but the emergence of a new teenage hope had the crowds in a lather. Lloyd Saltman, a 19-year-old amateur from Edinburgh, shot a tremendous 68 in his third
Published 17 Jul, 2005 12:00am
Six of the best from Muralitharan as Sri Lanka thrash West Indies

Six of the best from Muralitharan as Sri Lanka thrash West Indies

Muttiah Muralitharan grabbed six for 36 on his return to international cricket after almost a year as Sri Lanka thumped the weakened West Indies by six wickets in the first cricket Test here on Saturday. The off-spinner, out of action for 11 months due to
Published 17 Jul, 2005 12:00am
Russian helicopter crashes; 8 killed

Russian helicopter crashes; 8 killed

A Russian Mi-8 helicopter crashed in Chechnya killing eight people on Saturday, Russian news agencies reported, at least the third fatal Mi-8 crash in the rebel province this year. "Three crew members and five passengers from the Tuzkharoi border division
Published 17 Jul, 2005 12:00am
'Zawahiri trained by Russian secret service'

'Zawahiri trained by Russian secret service'

Al Qaeda's number two was trained by Russia's secret service and served as a KGB agent before becoming Osama Bin Laden's right-hand man, a former KGB secret agent told Poland's Rzeczpospolita newspaper on Saturday. "Ayman al-Zawahiri trained at a Federal
Published 17 Jul, 2005 12:00am
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