News Archives for Print - 2005-07-27

Treasury-Bills Secondary Market Yields

Treasury bills secondary market yields rate on Tuesday (July 26, 2005).

Published 27 Jul, 2005 12:00am

Indus in medium flood at Guddu-Sukkur reach

The second flood peak in River Indus has passed through the Guddu and Sukkur reach as the river was in medium flood at these locations at 1800 hours, sources in the Federal Flood Commission (FFC) told Business Recorder here on Tuesday.

Published 27 Jul, 2005 12:00am

Treasury-Bills Secondary Market Yields

Treasury bills secondary market yields rate on Tuesday (July 26, 2005).

Published 27 Jul, 2005 12:00am

NHA chief for timely completion of Gwadar road links

National Highway Authority (NHA) chairman Major General Farrukh Javed on Tuesday directed NHA authorities to step up their efforts for timely completion of road links with country's biggest seaport. The government is hoping that the Gwadar port would be c

Published 27 Jul, 2005 12:00am

Treasury-Bills Secondary Market Yields

Treasury bills secondary market yields rate on Tuesday (July 26, 2005).

Published 27 Jul, 2005 12:00am

Textile policy to be announced next month

The first-ever Textile Policy under Textile Ministry formed last year would be announced next month. The policy would give incentives to the industrialists in textile sector so that they can face the challenges of World Trade Organisation (WTO) regime.

Published 27 Jul, 2005 12:00am

Pakistan Investment Bond: Secondary Market Yields

PIB secondary market yield rates on Tuesday (July 26, 2005).

Published 27 Jul, 2005 12:00am

India test fires Trishul missile

India on Tuesday successfully test-fired a short-range, surface-to-air missile from a remote range in eastern Orissa state, Defence Ministry sources said. The Trishul, or trident, missile was fired at 11:58 am from the testing site at Chandipur 200km nort

Published 27 Jul, 2005 12:00am

Pakistan Investment Bond: Secondary Market Yields

PIB secondary market yield rates on Tuesday (July 26, 2005).

Published 27 Jul, 2005 12:00am

India test fires Trishul missile

India on Tuesday successfully test-fired a short-range, surface-to-air missile from a remote range in eastern Orissa state, Defence Ministry sources said. The Trishul, or trident, missile was fired at 11:58 am from the testing site at Chandipur 200km nort

Published 27 Jul, 2005 12:00am

Pakistan Investment Bond: Secondary Market Yields

PIB secondary market yield rates on Tuesday (July 26, 2005).

Published 27 Jul, 2005 12:00am

Rice exports to cross $1 billion this year

The rice exports will cross the magic figure of US one billion dollar this year. The Rice Exporters Association of Pakistan (Reap) has, however, set a target of US 1.3 billion dollars for the year 2005-06. According to figures available here, rice exports

Published 27 Jul, 2005 12:00am

US treasuries bid yields

US treasuries bid yields on Tuesday (July 26, 2005).

Published 27 Jul, 2005 12:00am

Rice exports to cross $1 billion this year

The rice exports will cross the magic figure of US one billion dollar this year. The Rice Exporters Association of Pakistan (Reap) has, however, set a target of US 1.3 billion dollars for the year 2005-06. According to figures available here, rice exports

Published 27 Jul, 2005 12:00am

US treasuries bid yields

US treasuries bid yields on Tuesday (July 26, 2005).

Published 27 Jul, 2005 12:00am

Rice exports to cross $1 billion this year

The rice exports will cross the magic figure of US one billion dollar this year. The Rice Exporters Association of Pakistan (Reap) has, however, set a target of US 1.3 billion dollars for the year 2005-06. According to figures available here, rice exports

Published 27 Jul, 2005 12:00am

US treasuries bid yields

US treasuries bid yields on Tuesday (July 26, 2005).

Published 27 Jul, 2005 12:00am

CBR to set up 'camp offices' in big cities

The Central Board of Revenue (CBR) has decided to set up camp offices in all cities to encourage retail sector to pay taxes and guide the retailers on taxation issues, including benefits of registration with sales tax department. This is for the first tim

Published 27 Jul, 2005 12:00am

US treasuries bid prices

US treasuries bid prices on Tuesday (July 26, 2005).

Published 27 Jul, 2005 12:00am

World Bank may approve $40 million for Punjab land records management

The World Bank (WB) is likely to approve a $40 million loan for 'Land Record Management and Information System Program (LRMIS-P)' in Punjab, it is learnt. Sources told Business Recorder here on Tuesday that establishment of this system would reduce

Published 27 Jul, 2005 12:00am

US treasuries bid prices

US treasuries bid prices on Tuesday (July 26, 2005).

Published 27 Jul, 2005 12:00am

Curtailing staff in foreign missions under study

The government is actively considering curtailing its diplomatic staff in foreign missions/embassies to induct interior ministry officials to minimise chances of mistakes allegedly being committed in issuance of Machine Readable Passports (MRPs), sources

Published 27 Jul, 2005 12:00am

US treasuries bid prices

US treasuries bid prices on Tuesday (July 26, 2005).

Published 27 Jul, 2005 12:00am

Curtailing staff in foreign missions under study

The government is actively considering curtailing its diplomatic staff in foreign missions/embassies to induct interior ministry officials to minimise chances of mistakes allegedly being committed in issuance of Machine Readable Passports (MRPs), sources

Published 27 Jul, 2005 12:00am

Open market rates of foreign currencies

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

Published 27 Jul, 2005 12:00am

US Securities pick Cox pledges vigorous enforcement

Representative Christopher Cox, the White House's pick to chair the US Securities and Exchange Commission, said on Tuesday his "top priority will be vigorous enforcement of our securities laws." The California Republican pledged "continuity, clarity, and

Published 27 Jul, 2005 12:00am

London Interbank Offered Rates

London Interbank Offered Rates (LIBOR) on Tuesday (July 26, 2005).

Published 27 Jul, 2005 12:00am

TSMC second quarter profit falls

Top contract microchip maker TSMC said quarterly profit fell 21.5 percent as customers cleared out chip inventories, and warned falling prices could partly offset rising sales in the current quarter.

Published 27 Jul, 2005 12:00am

Spot dollar rates

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

Published 27 Jul, 2005 12:00am

TSMC second quarter profit falls

Top contract microchip maker TSMC said quarterly profit fell 21.5 percent as customers cleared out chip inventories, and warned falling prices could partly offset rising sales in the current quarter.

Published 27 Jul, 2005 12:00am

Money Market Report

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

Published 27 Jul, 2005 12:00am

Japan Post privatisation bill hangs in balance: LDP

A senior executive of Japan's ruling Liberal Democratic Party said on Tuesday there was a 50-50 chance that bills to privatise Japan's huge postal system would pass and that a snap election was likely if they did not. Ruling party rebels have vowed to kil

Published 27 Jul, 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 Tuesday (July 26, 2005).

Published 27 Jul, 2005 12:00am

US concedes loss to EU at WTO, mulling appeal

The United States has not decided whether to appeal a new loss at the World Trade Organisation in a long-running dispute with the European Union over tax breaks for Boeing and other US exporters, a top US trade official said on Monday. "We're still lookin

Published 27 Jul, 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 Tuesday (July 26, 2005).

Published 27 Jul, 2005 12:00am

Former WorldCom officers in settlement

Three former executives at WorldCom Inc have reached a financial settlement with investors stemming from the collapse of the telecommunications company, according to court papers. Former financial chief Scott Sullivan, former controller David Myers and ex

Published 27 Jul, 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 Tuesday (July 26, 2005).

Published 27 Jul, 2005 12:00am

International Paper profit off 60 percent

International Paper Co, the world's largest forest products company, on Tuesday said second-quarter profit fell 60 percent on weaker sales of industrial packaging and printing paper. Shares of the Stamford, Connecticut, company - which had warned it would

Published 27 Jul, 2005 12:00am

Interest rates on old and incremental FCY deposits

Interest rates on old and incremental FCY deposits on Tuesday (July 26, 2005).

Published 27 Jul, 2005 12:00am

International Paper profit off 60 percent

International Paper Co, the world's largest forest products company, on Tuesday said second-quarter profit fell 60 percent on weaker sales of industrial packaging and printing paper. Shares of the Stamford, Connecticut, company - which had warned it would

Published 27 Jul, 2005 12:00am

LIBOR calculating interest on US dollar

London Interbank Offer Rates on for calculating interest on special US dollar on Tuesday (July 26, 2005).

Published 27 Jul, 2005 12:00am

Mediators step in on South African Airways strike

Independent mediators met management of South African Airways (SAA) and striking labour unions on Tuesday in an attempt to end a five-day old dispute that has crippled Africa's largest airline. The state-funded Commission for Conciliation, Mediation and A

Published 27 Jul, 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 Tuesday (July 26, 2005).

Published 27 Jul, 2005 12:00am

Verizon profit up on unit sale

Verizon Communications Inc, the largest US telecommunications company, said on Tuesday its second-quarter earnings rose 18 percent on the sale of its Hawaii local telephone business. Verizon's earnings before one-time items were flat, as record growth at

Published 27 Jul, 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 Tuesday (July 26, 2005).

Published 27 Jul, 2005 12:00am

Verizon profit up on unit sale

Verizon Communications Inc, the largest US telecommunications company, said on Tuesday its second-quarter earnings rose 18 percent on the sale of its Hawaii local telephone business. Verizon's earnings before one-time items were flat, as record growth at

Published 27 Jul, 2005 12:00am

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Tuesday (July 26, 2005).

Published 27 Jul, 2005 12:00am

Bears tighten grip on ISE

Bears continued to stay in the driving seat at the Islamabad Stock Exchange (ISE) where selling-orders in hot favourite moved the entire ready-board in downward direction amid decrease in index. ISE Network Index showed a decrease of 58.39 points as the p

Published 27 Jul, 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 Jul, 2005 12:00am

Bears tighten grip on ISE

Bears continued to stay in the driving seat at the Islamabad Stock Exchange (ISE) where selling-orders in hot favourite moved the entire ready-board in downward direction amid decrease in index. ISE Network Index showed a decrease of 58.39 points as the p

Published 27 Jul, 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 Jul, 2005 12:00am

LSE equities further erode

Equities eroded values on Lahore Stock Exchange (LSE) on account of delay towards resolution of CoT and margin financing issue. The LSE-25 index shed 6.31 points closing at 3620.29 against 3626.60 of Monday, while transaction volume marginally improved to

Published 27 Jul, 2005 12:00am

Karachi interbank rates

Karachi interbank rates on Tuesday (July 26, 2005).

Published 27 Jul, 2005 12:00am

LSE equities further erode

Equities eroded values on Lahore Stock Exchange (LSE) on account of delay towards resolution of CoT and margin financing issue. The LSE-25 index shed 6.31 points closing at 3620.29 against 3626.60 of Monday, while transaction volume marginally improved to

Published 27 Jul, 2005 12:00am

Dadex - company profile

Dadex was established in 1959 as a Public Limited Company and commenced its operations from Hyderabad, Sindh. With the passage of time, facilities of the company expanded responding to the growing needs of a dynamic market. Another factory was established

Published 27 Jul, 2005 12:00am

Diverted London-bound LA flight gets all clear

A flight from Los Angeles to London was diverted to Boston after three Pakistani businessmen acted suspiciously, but the flight was later allowed to continue after nothing unusual was found, officials said on Tuesday.

Published 27 Jul, 2005 12:00am

The idea behind Consumers Choice Award

Human nature is the same today as in the time of Caesar and the principles of human psychology are fixed and enduring. Disagreeing to this centuries old statement, I personally believe that such a scenario ceases to exist and the current one is that human

Published 27 Jul, 2005 12:00am

Diverted London-bound LA flight gets all clear

A flight from Los Angeles to London was diverted to Boston after three Pakistani businessmen acted suspiciously, but the flight was later allowed to continue after nothing unusual was found, officials said on Tuesday.

Published 27 Jul, 2005 12:00am

Standard Chartered Bank - Credit Cards

Standard Chartered in Pakistan enjoys a unique position as the oldest and largest international bank in the country, with a presence in this region of over 150 years. Leading the way in Asia, Africa and Middle East, Standard Chartered has unmatched knowle

Published 27 Jul, 2005 12:00am

EoIs invited for Javedan Cement sell-off

The Privatisation Commission (PC) has invited Expressions of Interest (EoI) from interested parties to privatise Javedan Cement Limited (JCL) on an ''As is where is'' basis, through the sale of its 96.34 percent shares, held by State Cement Corporation of

Published 27 Jul, 2005 12:00am

Ankara Commercial Bank Limited: brief profile

The Vision: To be the Bank of first Choice in the Region

Published 27 Jul, 2005 12:00am

EoIs invited for Javedan Cement sell-off

The Privatisation Commission (PC) has invited Expressions of Interest (EoI) from interested parties to privatise Javedan Cement Limited (JCL) on an 'As is where is' basis, through the sale of its 96.34 percent shares, held by State Cement Corporation of P

Published 27 Jul, 2005 12:00am

CYBERNET: A major service provider to the leading financial institutions in Pakistan

CYBERNET commenced its services in March 1997 from Karachi and later extended its operations to Lahore, Islamabad and other major cities. As a result of the Company's farsighted decisions, strong leadership and highly dedicated professionals and engineers

Published 27 Jul, 2005 12:00am

EoIs invited for Javedan Cement sell-off

The Privatisation Commission (PC) has invited Expressions of Interest (EoI) from interested parties to privatise Javedan Cement Limited (JCL) on an 'As is where is' basis, through the sale of its 96.34 percent shares, held by State Cement Corporation of P

Published 27 Jul, 2005 12:00am

Dalda - The quality you trust

Dalda - when you hear the name Dalda the image of quality conjures up in your mind. Quality, which you can trust with utmost faith and a taste which you have come to relish. And why not - as it has not come about in a short few years.

Published 27 Jul, 2005 12:00am

Share prices remain range-bound

Share prices at Karachi Stock Exchange (KSE) remained range bound on Tuesday as confusion over the COT hung over investors'' mind, discouraging them to book fresh deals. The KSE-100 index recorded a decline of 3.73 points, or 0.05 percent, to 7301.97 agai

Published 27 Jul, 2005 12:00am

Consumers Association of Pakistan - an introduction

The Consumers Associations of Pakistan. (CAP) was setup on 13th September, 2003 to protect and educate consumers. It is the aim of CAP to represent consumers making sure that their needs as consumers of goods and services are given higher priority,

Published 27 Jul, 2005 12:00am

Share prices remain range-bound

Share prices at Karachi Stock Exchange (KSE) remained range bound on Tuesday as confusion over the COT hung over investors' mind, discouraging them to book fresh deals. The KSE-100 index recorded a decline of 3.73 points, or 0.05 percent, to 7301.97 again

Published 27 Jul, 2005 12:00am

Chairman's Views

I am proud to lead one of Pakistanis largest Consumer Protection Association. (CAP) I am privileged to present Paraphernalia of the activities of the Consumers Association of Pakistan through our Website.

Published 27 Jul, 2005 12:00am

Share prices remain range-bound

Share prices at Karachi Stock Exchange (KSE) remained range bound on Tuesday as confusion over the COT hung over investors' mind, discouraging them to book fresh deals. The KSE-100 index recorded a decline of 3.73 points, or 0.05 percent, to 7301.97 again

Published 27 Jul, 2005 12:00am

Consumer confidence and corporate social responsibilities

Corporate Social Responsibility, (CSR), is basically business ethics. A socially responsible corporation provides goods and services in line with society's values and is concerned about how consumers are protected. It respects the laws that protect the ri

Published 27 Jul, 2005 12:00am

Seafood exports to restart from August 1

The Ministry of Food, Agriculture and Livestock (Minfal) will withdraw the ban on export of seafood to European Union (EU) countries from August 1, 2005, fishing industry sources said on Tuesday. They said that around Rs 200 million had been lost in gover

Published 27 Jul, 2005 12:00am

Bangladesh tea prices rise

The average price of Bangladesh teas rose 2.22 percent to 76.41 taka ($1.18) per kg on higher demand at the weekly auction on Tuesday. "Nearly 1.5 million kg were sold at average price of 76.41 taka per kg, up 1.66 taka from the last sale.

Published 27 Jul, 2005 12:00am

Seafood exports to restart from August 1

The Ministry of Food, Agriculture and Livestock (Minfal) will withdraw the ban on export of seafood to European Union (EU) countries from August 1, 2005, fishing industry sources said on Tuesday. They said that around Rs 200 million had been lost in gover

Published 27 Jul, 2005 12:00am

Singapore bunker fuel prices down

Singapore bunker prices fell on Tuesday, tracking lower 380-cst fuel oil cargo values. Prices for 380-centistoke (cst) bunker fuel were pegged at $246-$248 a tonne, down $1 from the previous day, on moderate demand.

Published 27 Jul, 2005 12:00am

Seafood exports to restart from August 1

The Ministry of Food, Agriculture and Livestock (Minfal) will withdraw the ban on export of seafood to European Union (EU) countries from August 1, 2005, fishing industry sources said on Tuesday. They said that around Rs 200 million had been lost in gover

Published 27 Jul, 2005 12:00am

Activity at Karachi and Qasim ports

The Karachi Port handled 82,863 tonnes of cargo including 63,657 tonnes import and 19,206 tonnes export cargo including 1,774 containers during last 24 hours ending at 0700 hours on Tuesday. The cargo comprised of 36,307 tonnes dry cargo including 30,534

Published 27 Jul, 2005 12:00am

CNL may move court against PTCL sell-off

The employees and management of Commercial Network Limited (CNL), a group of phone utility, may move court against Privatisation Commission (PC) for restraining the company from participating in Pakistan Telecommunication Company Limited (PTCL) sell-off.

Published 27 Jul, 2005 12:00am

US Midwest corn firm, soya mixed

Spot basis bids for corn in the US Midwest were mostly steady to firm on Tuesday while soyabean bids were mixed and country movement of both commodities was light, grain dealers said. "Everybody knows the market is called higher this morning, so they're g

Published 27 Jul, 2005 12:00am

CNL may move court against PTCL sell-off

The employees and management of Commercial Network Limited (CNL), a group of phone utility, may move court against Privatisation Commission (PC) for restraining the company from participating in Pakistan Telecommunication Company Limited (PTCL) sell-off.

Published 27 Jul, 2005 12:00am

Steel glut saps Chinese nickel demand

Nickel imports by key buyer China will drop in the second half of 2005, after surging in the first half, as the market deals with a glut of stainless steel, analysts said on Tuesday.

Published 27 Jul, 2005 12:00am

CNL may move court against PTCL sell-off

The employees and management of Commercial Network Limited (CNL), a group of phone utility, may move court against Privatisation Commission (PC) for restraining the company from participating in Pakistan Telecommunication Company Limited (PTCL) sell-off.

Published 27 Jul, 2005 12:00am

Kenyan coffee prices ease

Prices of Kenyan coffee dipped on Tuesday amid dwindling demand from key European and North AmericaN markets because of hot weather, traders said. Countries in North America and Europe, who consume the bulk of Kenyan coffee, are in summer and hot weather

Published 27 Jul, 2005 12:00am

No Pakistani involved in bombings: Egypt

Egypt on Tuesday formally informed Pakistan that none of its nationals were involved in the Sharm El-Sheikh terrorist incident. Foreign Office Spokesman Naeem Khan said the Pakistani Ambassador in Cairo has been informed about the statement made by Egypti

Published 27 Jul, 2005 12:00am

Thai rice futures up in thin trade

Thai rice futures inched up in thin trade on Tuesday as a few players offset contracts to avoid risk and sentiment remained weak, brokers said. Only six September contracts changed hands, up from just one on Monday, but the price crept up to 10.80 baht pe

Published 27 Jul, 2005 12:00am

No Pakistani involved in bombings: Egypt

Egypt on Tuesday formally informed Pakistan that none of its nationals were involved in the Sharm El-Sheikh terrorist incident. Foreign Office Spokesman Naeem Khan said the Pakistani Ambassador in Cairo has been informed about the statement made by Egypti

Published 27 Jul, 2005 12:00am

Pakistani rice prices stable amid slow trade

Pakistani rice prices held steady over the past week amid slow trade and exporters said on Tuesday no major activity was expected in the days ahead as they had exhausted stocks. They added that around 80,000 tonnes of rice from last year's crop were avail

Published 27 Jul, 2005 12:00am

Blair lauds Pakistan's action

British Prime Minister Tony Blair on Tuesday welcomed Pakistan's action against "extremist schools" and said Britain and Pakistan were working together to counter terrorism. "Of course Britain and Pakistan work on these issues together and I welcome moves

Published 27 Jul, 2005 12:00am

CBOT wheat futures down amid bearish exports

Wheat futures at the Chicago Board of Trade closed lower on Monday amid bearish exports and on a drop in corn futures, traders said. CBOT wheat closed 1 to 5 cents per bushel lower. September was down 4-3/4 at $3.25-3/4 per bushel.

Published 27 Jul, 2005 12:00am

Blair lauds Pakistan's action

British Prime Minister Tony Blair on Tuesday welcomed Pakistan's action against "extremist schools" and said Britain and Pakistan were working together to counter terrorism. "Of course Britain and Pakistan work on these issues together and I welcome moves

Published 27 Jul, 2005 12:00am

FOB Gulf corn steady, soyabean weaker

US FOB Gulf corn basis offers were mostly steady on Monday, while soyabeans were weak on thin export demand amid cheaper supplies in South America. Barge freight on the Illinois, lower Ohio and lower Mississippi rivers was flat on slow grain movement, tra

Published 27 Jul, 2005 12:00am

''Islamic banking has no link with terrorism financing''

Islamic banking, which is growing in the world in general and in Islamic countries in particular, has no link whatsoever with terrorism financing, head of Islamic Banking Division of State Bank of Pakistan, Pervaiz Saeed, said here on Tuesday. "There migh

Published 27 Jul, 2005 12:00am

India's winter crop sowing to pick up on good rains

Sowing of winter crops has been delayed in India due to a slow start to the monsoon season but oilseed and pulses planting is set to pick up after rains in the past few days, traders and officials said on Tuesday.

Published 27 Jul, 2005 12:00am

'Islamic banking has no link with terrorism financing'

Islamic banking, which is growing in the world in general and in Islamic countries in particular, has no link whatsoever with terrorism financing, head of Islamic Banking Division of State Bank of Pakistan, Pervaiz Saeed, said here on Tuesday. "There migh

Published 27 Jul, 2005 12:00am

Oil cake market rates

Mixed trend was again witnessed on the forward cottonseed oilcake market on Tuesday as buyers showed little interest on fresh arrivals, dealer said. The December vaida commenced at Rs 418.80 and that proved to be day's lowest at the same level.

Published 27 Jul, 2005 12:00am

'Islamic banking has no link with terrorism financing'

Islamic banking, which is growing in the world in general and in Islamic countries in particular, has no link whatsoever with terrorism financing, head of Islamic Banking Division of State Bank of Pakistan, Pervaiz Saeed, said here on Tuesday. "There migh

Published 27 Jul, 2005 12:00am

Fresh cotton arrivals push spot rate down by Rs 25

Latest arrival of new cotton crop and expectations of meeting the target as estimated in the budget pushed the official spot rates down in the cotton market on Tuesday, dealers said. The Karachi Cotton Association (KCA) official spot rate was lower by 25

Published 27 Jul, 2005 12:00am

Pakistan assumes chair of OIC in Geneva

The OIC Group in Geneva on Tuesday unanimously endorsed Pakistan as Chair of the OIC Group for one year. Ambassador Turkekul Kurttekin of Turkey, the outgoing chairman of the OIC Group, handed over the chairmanship to Ambassador Masood Khan, Permanent Rep

Published 27 Jul, 2005 12:00am

Kirana items move both ways

The trading on Kirana items moved both ways here on Tuesday. The following variations were seen in the cloves down Rs 200 to Rs 9600, copra Ceylon down Rs 650 to Rs 2650, dry ginger down Rs 300 to Rs 7100, Isbaghol Bhoosi down Rs 100 to Rs 8300 and cumins

Published 27 Jul, 2005 12:00am

Pakistan assumes chair of OIC in Geneva

The OIC Group in Geneva on Tuesday unanimously endorsed Pakistan as Chair of the OIC Group for one year. Ambassador Turkekul Kurttekin of Turkey, the outgoing chairman of the OIC Group, handed over the chairmanship to Ambassador Masood Khan, Permanent Rep

Published 27 Jul, 2005 12:00am

Currency	Rate
USD PKR Interbank Selling / May 23	278.42
USD PKR Interbank Buying / May 23	278.22
USD to Japanese Yen / May 23	156.74
USD to Swiss Franc / May 23	0.91
Pound Sterling to USD / May 23	1.27
Euro to USD / May 23	1.08

Stock	Volume
S&P 500 / May 22	5307.01
Nasdaq / May 22	16801.54
Dow Jones / May 22	39671.04
India Sensex / May 23	74667.86
Tokyo Nikkei / May 23	39034.80
Hang Seng / May 23	18845.59
FTSE 100 / May 23	8373.47
Germany DAX 30 / May 23	18748.98

Item	Value
Crude Oil USD/Barrel / May 23	76.94
Karachi Cotton PKR/37.32 KG / May 23	19935
Gold 10 Grams PKR / May 23	207476
Gold Spot USD/Ounce / May 23	2362.37
Cotton US¢/pound / May 23	79
Petrol/Litre / May 24	273.10

Stock	Price
786 Invest Ltd / May 24 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 24 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 24 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 24 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 24 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 24 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 24 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 24 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 24 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 24 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 24 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 24 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 24 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 24 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 24 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 24 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 24 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 24 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 24 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 24 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 24 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 24 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 24 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 24 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 24 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 24 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 24 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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