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Print - 2006-09-12
BRIndex30 sheds 79.92 points

BRIndex30 sheds 79.92 points

The BRIndex30 opened the week on Monday at 10,535.49 with a positive gap of 25.2 points. But it soon fell and remained in the red zone for most of the trading time and closed at 10,430.37, with a negative change of -79.92, or -0.76 percent.
Published 12 Sep, 2006 12:00am
BRIndex30 sheds 79.92 points

BRIndex30 sheds 79.92 points

The BRIndex30 opened the week on Monday at 10,535.49 with a positive gap of 25.2 points. But it soon fell and remained in the red zone for most of the trading time and closed at 10,430.37, with a negative change of -79.92, or -0.76 percent.
Published 12 Sep, 2006 12:00am
Bears tighten grip on KSE

Bears tighten grip on KSE

The uncertainties regarding the outcome of the meeting between KSE management and the regulator about CFS encouraged the bears who tightened their grip at Karachi Stock Exchange on Monday. The market touched 9,876.84 points intra-day low following the cau
Published 12 Sep, 2006 12:00am
Bears tighten grip on KSE

Bears tighten grip on KSE

The uncertainties regarding the outcome of the meeting between KSE management and the regulator about CFS encouraged the bears who tightened their grip at Karachi Stock Exchange on Monday. The market touched 9,876.84 points intra-day low following the cau
Published 12 Sep, 2006 12:00am
Bears tighten grip on KSE

Bears tighten grip on KSE

The uncertainties regarding the outcome of the meeting between KSE management and the regulator about CFS encouraged the bears who tightened their grip at Karachi Stock Exchange on Monday. The market touched 9,876.84 points intra-day low following the cau
Published 12 Sep, 2006 12:00am
Export refinance available for gemstones

Export refinance available for gemstones

The State Bank of Pakistan has decided that export refinance will also be admissible under Export Finance Scheme-Finance for Export of Gold Jewellery for export of gemstones/precious and semi-precious stones on self-consignment basis.
Published 12 Sep, 2006 12:00am
Export refinance available for gemstones

Export refinance available for gemstones

The State Bank of Pakistan has decided that export refinance will also be admissible under Export Finance Scheme-Finance for Export of Gold Jewellery for export of gemstones/precious and semi-precious stones on self-consignment basis.
Published 12 Sep, 2006 12:00am
Export refinance available for gemstones

Export refinance available for gemstones

The State Bank of Pakistan has decided that export refinance will also be admissible under Export Finance Scheme-Finance for Export of Gold Jewellery for export of gemstones/precious and semi-precious stones on self-consignment basis.
Published 12 Sep, 2006 12:00am
ADB violating ToRs on water sector reforms

ADB violating ToRs on water sector reforms

The Ministry of Water and Power has criticised Asian Development Bank (ADB) for violating Terms of References (ToRs) agreed to undertake reforms in the water sector, official sources told Business Recorder on Monday.
Published 12 Sep, 2006 12:00am
ADB violating ToRs on water sector reforms

ADB violating ToRs on water sector reforms

The Ministry of Water and Power has criticised Asian Development Bank (ADB) for violating Terms of References (ToRs) agreed to undertake reforms in the water sector, official sources told Business Recorder on Monday.
Published 12 Sep, 2006 12:00am
ADB violating ToRs on water sector reforms

ADB violating ToRs on water sector reforms

The Ministry of Water and Power has criticised Asian Development Bank (ADB) for violating Terms of References (ToRs) agreed to undertake reforms in the water sector, official sources told Business Recorder on Monday.
Published 12 Sep, 2006 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Monday (September 11, 2006).

Published 12 Sep, 2006 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Monday (September 11, 2006).

Published 12 Sep, 2006 12:00am
NJLI Pension Fund Rates

NJLI Pension Fund Rates

New Jubilee Life Insurance Pension Fund Rates on Monday (September 11, 2006).

Published 12 Sep, 2006 12:00am
42 officials to head tax facilitation centres

42 officials to head tax facilitation centres

The Central Board of Revenue (CBR) has nominated 42 income tax officials as incharge of the proposed Tax Facilitation Centres (TFCs) to be established under the ongoing reform process.
Published 12 Sep, 2006 12:00am
42 officials to head tax facilitation centres

42 officials to head tax facilitation centres

The Central Board of Revenue (CBR) has nominated 42 income tax officials as incharge of the proposed Tax Facilitation Centres (TFCs) to be established under the ongoing reform process.
Published 12 Sep, 2006 12:00am
42 officials to head tax facilitation centres

42 officials to head tax facilitation centres

The Central Board of Revenue (CBR) has nominated 42 income tax officials as incharge of the proposed Tax Facilitation Centres (TFCs) to be established under the ongoing reform process.
Published 12 Sep, 2006 12:00am
Musharraf arrives in Belgium

Musharraf arrives in Belgium

President Pervez Musharraf arrived here on Monday on a four-day visit during which he will have substantive interaction with the European leaders on international and regional issues and also address a forum on Kashmir.
Published 12 Sep, 2006 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (September 11, 2006).

Published 12 Sep, 2006 12:00am
Musharraf arrives in Belgium

Musharraf arrives in Belgium

President Pervez Musharraf arrived here on Monday on a four-day visit during which he will have substantive interaction with the European leaders on international and regional issues and also address a forum on Kashmir.
Published 12 Sep, 2006 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (September 11, 2006).

Published 12 Sep, 2006 12:00am
LSE index falls

LSE index falls

Led by cement sector, equities moved downward amid sluggish trading trend on Lahore Stock Exchange (LSE) where transaction volume declined significantly due to lacking investors' interest who kept their eyes on meeting between the KSE-Board and SECP.
Published 12 Sep, 2006 12:00am
KKI closing rates of currency notes

KKI closing rates of currency notes

Khanani & Kalia International (Pvt) Limited Closing Rates of currency notes on Monday (September 11, 2006).

Published 12 Sep, 2006 12:00am
LSE index falls

LSE index falls

Led by cement sector, equities moved downward amid sluggish trading trend on Lahore Stock Exchange (LSE) where transaction volume declined significantly due to lacking investors' interest who kept their eyes on meeting between the KSE-Board and SECP.
Published 12 Sep, 2006 12:00am
World currencies and euro

World currencies and euro

Value of the euro in terms of other world currencies as prevailing in the week ended Monday (September 11, 2006).
Published 12 Sep, 2006 12:00am
Bears tighten grip on ISE

Bears tighten grip on ISE

Bears strengthen their positions at the Islamabad Stock Exchange (ISE) where equities failed to show recovery signs amid decrease in index. LSE-10 index showed a decline of 12.88 points, as it moved from 2,556.79 to 2,543.91 points. The overall turnover a
Published 12 Sep, 2006 12:00am
Closing of sterling rates

Closing of sterling rates

Closing of sterling rates at 1730 GMT - on Monday (September 11, 2006).

Published 12 Sep, 2006 12:00am
Bears tighten grip on ISE

Bears tighten grip on ISE

Bears strengthen their positions at the Islamabad Stock Exchange (ISE) where equities failed to show recovery signs amid decrease in index. LSE-10 index showed a decline of 12.88 points, as it moved from 2,556.79 to 2,543.91 points. The overall turnover a
Published 12 Sep, 2006 12:00am
Pakistan''s economic momentum ahead of 2007 elections

Pakistan''s economic momentum ahead of 2007 elections

As President Musharraf enters the final year of his, current presidential term, he can point to a robust economic picture, with growth exceeding six percent for the third year in a row, healthy external accounts, and much improved macroeconomic indicators
Published 12 Sep, 2006 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Monday (September 11, 2006).

Published 12 Sep, 2006 12:00am
Pakistan's economic momentum ahead of 2007 elections

Pakistan's economic momentum ahead of 2007 elections

As President Musharraf enters the final year of his, current presidential term, he can point to a robust economic picture, with growth exceeding six percent for the third year in a row, healthy external accounts, and much improved macroeconomic indicators
Published 12 Sep, 2006 12:00am
Money Market Report

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Monday (September 11, 2006).
Published 12 Sep, 2006 12:00am
Pakistan's economic momentum ahead of 2007 elections

Pakistan's economic momentum ahead of 2007 elections

As President Musharraf enters the final year of his, current presidential term, he can point to a robust economic picture, with growth exceeding six percent for the third year in a row, healthy external accounts, and much improved macroeconomic indicators
Published 12 Sep, 2006 12:00am
Engine develops fault: PIA London flight leaves after 8 hours delay

Engine develops fault: PIA London flight leaves after 8 hours delay

About 380 passengers, including Interior Minister Aftab Ahmed Khan Sherpao, high government officials, and other passengers and crew members had a narrow escape as the London-bound Pakistan International Airlines (PIA) flight was about to take off here on
Published 12 Sep, 2006 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 Monday (September 11, 2006).

Published 12 Sep, 2006 12:00am
Engine develops fault: PIA London flight leaves after 8 hours delay

Engine develops fault: PIA London flight leaves after 8 hours delay

About 380 passengers, including Interior Minister Aftab Ahmed Khan Sherpao, high government officials, and other passengers and crew members had a narrow escape as the London-bound Pakistan International Airlines (PIA) flight was about to take off here on
Published 12 Sep, 2006 12:00am
4,500 sales taxpayers physical verification to be conducted

4,500 sales taxpayers physical verification to be conducted

The Central Board of Revenue (CBR) has started physical verification of 4,500 companies/firms, registered with the sales tax department, whose available information could not match with income tax database.
Published 12 Sep, 2006 12:00am
4,500 sales taxpayers physical verification to be conducted

4,500 sales taxpayers physical verification to be conducted

The Central Board of Revenue (CBR) has started physical verification of 4,500 companies/firms, registered with the sales tax department, whose available information could not match with income tax database.
Published 12 Sep, 2006 12:00am
4,500 sales taxpayers physical verification to be conducted

4,500 sales taxpayers physical verification to be conducted

The Central Board of Revenue (CBR) has started physical verification of 4,500 companies/firms, registered with the sales tax department, whose available information could not match with income tax database.
Published 12 Sep, 2006 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 Monday (September 11, 2006).

Published 12 Sep, 2006 12:00am
PSO privatisation: Abu Dhabi Group pulls out of contest

PSO privatisation: Abu Dhabi Group pulls out of contest

The Abu Dhabi Group of UAE, one of three short-listed bidders, has pulled out of the contest, leaving behind only two parties--Al-Ghurair Group of UEA, and Saudi Arabia''s Al-Jumahia-led consortium--for Pakistan State Oil bidding.
Published 12 Sep, 2006 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 Monday (September 11, 2006).

Published 12 Sep, 2006 12:00am
PSO privatisation: Abu Dhabi Group pulls out of contest

PSO privatisation: Abu Dhabi Group pulls out of contest

The Abu Dhabi Group of UAE, one of three short-listed bidders, has pulled out of the contest, leaving behind only two parties--Al-Ghurair Group of UEA, and Saudi Arabia's Al-Jumahia-led consortium--for Pakistan State Oil bidding.
Published 12 Sep, 2006 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 Monday (September 11, 2006).

Published 12 Sep, 2006 12:00am
PSO privatisation: Abu Dhabi Group pulls out of contest

PSO privatisation: Abu Dhabi Group pulls out of contest

The Abu Dhabi Group of UAE, one of three short-listed bidders, has pulled out of the contest, leaving behind only two parties--Al-Ghurair Group of UEA, and Saudi Arabia's Al-Jumahia-led consortium--for Pakistan State Oil bidding.
Published 12 Sep, 2006 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 12 Sep, 2006 12:00am
Presidential awards for teachers, students

Presidential awards for teachers, students

Federal Minister for Education Javed Ashraf Qazi will give Presidential awards to teachers, students and academicians on behalf of General Pervez Musharraf on Tuesday in recognition of their contributions in field of education.
Published 12 Sep, 2006 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 12 Sep, 2006 12:00am
Oil cake market rates

Oil cake market rates

Thin business was seen on the forward cottonseed oilcake market on Monday as both the futures moved both ways, dealers said. The December vaida commenced unchanged at Rs 536.50. Later, it gained 60 paisa to be day's best at Rs 537.10. Later, it fell sharp
Published 12 Sep, 2006 12:00am
Prices gain boost in cotton market

Prices gain boost in cotton market

Fine quality of cotton mostly from the Punjab showed upward trend in the market as the spot rate also rose higher on Monday, brokers said. The Karachi Cotton Association (KCA) official spot rate was higher by Rs 50 at Rs 2,625, without upcountry expenses.
Published 12 Sep, 2006 12:00am
Grain market mixed

Grain market mixed

Prices moved both ways on the grain market on Monday, dealers said. On the cereals' side, Dall Pak lost Rs 200 to close at Rs 3,200. Guwar better type shed Rs 50 to end at Rs 1,625 and Guwar low type was lower by Rs 25 to Rs 1,775. Other items did not sho
Published 12 Sep, 2006 12:00am
Canadian firm plans to explore Philippines nickel

Canadian firm plans to explore Philippines nickel

Canada's Chemical Vapour Metal Refining Inc plans to explore nickel in the Philippines, and may later put up an integrated processing facility in the country, officials said.
Published 12 Sep, 2006 12:00am
Russian weekly grain market report

Russian weekly grain market report

Better weather in Siberia and the Urals has allowed an increase in harvesting and a narrowing of the gap between rates last year and this. Agriculture Ministry data showed that Russia had threshed 56.9 million tonnes of grains by September 5, 7.4 million
Published 12 Sep, 2006 12:00am
Tunisia's cereals crop falls

Tunisia's cereals crop falls

Tunisia, one of the main North African grain importers had harvested a lower-than-average 1.6 million tonnes of cereals for the 2005-2006 period due to bad weather, a government official said on Monday.
Published 12 Sep, 2006 12:00am
Ukraine harvests 30.1 million tonnes grain

Ukraine harvests 30.1 million tonnes grain

Ukrainian farms have harvested 30.1089 million tonnes of grain from 12.176 million hectares or about 83 percent of the total sown area, the Agriculture Ministry said on Monday. The ministry gave no comparative figure.
Published 12 Sep, 2006 12:00am
HRW wheat steady

HRW wheat steady

Hard red winter wheat basis bids were steady Monday, with wheat movement lacklustre, cash wheat traders and merchants said. Protein premiums paid for railcar wheat to and through Kansas City were unchanged, though low protein wheat was still seen in deman
Published 12 Sep, 2006 12:00am
CIF Gulf corn and soyabean mostly steady

CIF Gulf corn and soyabean mostly steady

US CIF Gulf corn and soyabean basis values were mostly steady on Monday, with farmer selling remaining slow with rains delaying some of the early harvest. Traders said barge freight on the lower Ohio River was slightly higher as problems with lock and dam
Published 12 Sep, 2006 12:00am
Ukraine to sell grain

Ukraine to sell grain

Ukraine is likely to export a minimum 10 million tonnes of grain in the 2006/07 season (July-June) compared with a record 13.4 million in 2005/06, Ukraine's grain traders' union said on Monday.
Published 12 Sep, 2006 12:00am
Chinese firm seeks to produce copper in Zambia

Chinese firm seeks to produce copper in Zambia

Chinese-owned Sino-Metals Leach Zambia Ltd has started producing copper from tailings from one of the country's oldest dumps and plans annual output of 8,000 tonnes of copper cathode, a company official said on Monday.
Published 12 Sep, 2006 12:00am
Russia bans poultry meat from 2 US states

Russia bans poultry meat from 2 US states

Russia, the top consumer of US poultry meat, has banned imports from the states of Maryland and Pennsylvania, where H5N1 bird flu virus had been discovered, the Agriculture Ministry said on Monday.
Published 12 Sep, 2006 12:00am
US Midwest corn bids weaker, soya mostly flat

US Midwest corn bids weaker, soya mostly flat

Spot basis bids for corn were steady to weaker around the US Midwest on Monday after scattered country movement late last week, but interior soyabean bids were mostly flat, dealers said.
Published 12 Sep, 2006 12:00am
Cameroon August cocoa exports rises

Cameroon August cocoa exports rises

Cameroon exported at least 11,000 tonnes of cocoa in August, a strong start to the 2006/2007 season in the world's fourth biggest grower and almost double the amount shipped a year ago.
Published 12 Sep, 2006 12:00am
Singapore bunker fuel prices fall

Singapore bunker fuel prices fall

Singapore bunker prices fell on Monday but firm demand lifted the premium to fuel oil cargo values to $4-$5 a tonne on a third-straight session. Prices for the 380-centistoke (cst) bunker fuel were pegged at $284-$286 a tonne, down $6.00 from Friday's Asi
Published 12 Sep, 2006 12:00am
Forth Ports profit up

Forth Ports profit up

British port operator Forth Ports Plc posted a 19 percent rise in first-half profit but said trading in July and August had been below expectations amid a flurry of unexpected customer maintenance shutdowns.
Published 12 Sep, 2006 12:00am
Forth Ports profit up

Forth Ports profit up

British port operator Forth Ports Plc posted a 19 percent rise in first-half profit but said trading in July and August had been below expectations amid a flurry of unexpected customer maintenance shutdowns.
Published 12 Sep, 2006 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 174,757 tonnes of cargo including 145,557 tonnes import, 29,200 tonnes export cargo and 4,595 containers during last 24 hours ending at 0700 hours on Monday.
Published 12 Sep, 2006 12:00am
Japanese rubber stocks down

Japanese rubber stocks down

Crude rubber stocks held at Japanese warehouses edged down 1 percent to 10,136 tonnes by the end of August from 10,235 tonnes on August 20, data from the Rubber Trade Association of Japan showed. Traders said the inventory level was lower than usual, but
Published 12 Sep, 2006 12:00am
Indian soyameal exports may fall

Indian soyameal exports may fall

India's soyameal exports are likely to fall 12.5 percent to 3.5 million tonnes in the season starting in October as domestic demand is expected to pick up, the head of an industry body said on Monday.
Published 12 Sep, 2006 12:00am
Shanghai copper dips

Shanghai copper dips

Shanghai copper futures plunged by the daily 4 percent limit on Monday, tracking losses of more than 2 percent in London, as sentiment was dented by general weakness in commodities led by oil and gold.
Published 12 Sep, 2006 12:00am
Tokyo gold down on weak oil

Tokyo gold down on weak oil

Tokyo gold futures dived by their daily price limit to a 10-week low on Monday, pressured by a sell-off in New York, weaker oil prices, negative technical signs and easing tension over Iran's nuclear programme.
Published 12 Sep, 2006 12:00am
Gold drops under $600 an ounce

Gold drops under $600 an ounce

Gold on Monday plunged below $600 an ounce for the first time in more than two months, as investors weighed bullion's longer-term prospects in the face of a declining oil price.
Published 12 Sep, 2006 12:00am
Petrol prices drop in US

Petrol prices drop in US

Petrol prices in the United States dropped nearly 22 cents a gallon in the past two weeks, a survey showed on Sunday. This was the second decline in a row since a mid-August peak, according to the survey of 7,000 petrol stations nation-wide.
Published 12 Sep, 2006 12:00am
Oil falls under $66 on improved supply picture

Oil falls under $66 on improved supply picture

Oil prices slipped under $66 on Monday, adding to last week's slide on an improved US supply picture and signs of easing tension over Iran's nuclear programme. US light crude for October delivery fell 36 cents to $65.89 a barrel, hitting a new five-month
Published 12 Sep, 2006 12:00am