Business Recorder articles from August 2010

Business Recorder archives from August 2010

Karachi Yarn Market Rate.
August 31, 2010... Byline: RECORDER REPORT ================================== CONES CARDED ================================== 10/1 Popular Fibre 1000.00 Diwan 1000.00 16/1 United 1140.00 Popular Fibre 1120.00 Abdullah Textile 1060.00 21/1 Ishtiaq...

Lahore Grain Market Rates.
August 31, 2010... Byline: RECORDER REPORT ================================== Per 100 kg ================================== Sugar 7700/7720 Gur 8000/9000 Shakar 8000/9000 Ghee (16 kg) 2000/2185 Almond (Kaghzi) 30000/40000 Almond (Simple)...

Faisalabad yarn and fibre prices.
August 31, 2010... Byline: RECORDER REPORT ================================== 4/S-6/S-7/S CONE (COTTON) ================================== Nili Bar 748.00 Clock 430.00 Tohfa 430.00 ---------------------------------- 8/S CONE...

Lahore Paper Market Rates.
August 31, 2010... Byline: RECORDER REPORT ========================================= OFFSET PAPER (PER LB) ========================================= Indonesia ----------------------------------------- 23x36 75 57.00 27x34 75 57.00 25.5x36 75 57.00 30x40...

Hides and skin rates.
August 31, 2010... Byline: RECORDER REPORT ============================================= HIDES ============================================= (Wet Salted Per Piece) ============================================= (i) (ii)...

Karachi Plastic/Urea Moulding Compounds Rates.
August 31, 2010... Byline: RECORDER REPORT ================================== HDPE (FILM) (Per lb) ================================== Saudia 952 62.00 Mobil 62.00 TR144 62.25 ---------------------------------- HDPE (INJECTION) (Per...

Grain market rates.
August 31, 2010... Byline: RECORDER REPORT ================================== CEREALS (Per 100 Kgs) ================================== Makai 2375/- Moong Punjab 8250/- Masoor Canada 7200/- Masoor Dall 8800/ Urad Burma (40 Kg) 4500/- Barley Sindh...

Karachi chemicals and dyes market rates.
August 31, 2010... Byline: RECORDER REPORT ================================== DYES NAPHTHOLS CHINA (Per Pound) ================================== As 100 pc 175.00 AS 80 pc 155.00 ASBS 100 pc 210.00 ---------------------------------- BASES...

Rates of dry fruit.
August 31, 2010... Byline: RECORDER REPORT ================================== DRY FRUITS (Per 40 Kg) ================================== Chaman Almond 4000.00 Almond (Girdi) 4000.00 Almond (Irani) 28000.00 Almond (USA) 20000/26000 Kaghzi Wahidi...

Rates of spices and other allied commodities.
August 31, 2010... Byline: RECORDER REPORT ================================== KIRANA ITEMS (Per 40 Kg) ================================== White pepper 25000.00 Black pepper Singapore 15200.00 Black pepper Ceylon 15100.00 Black pepper Brazil 16500.00 Mace...

Jute goods rates.
August 31, 2010... Byline: RECORDER REPORT ================================== JUTE GOODS TWINE (Per Kg) ================================== 20x3 Brown 98.00 16x3 CRT/Indus 98.00 8x3 160.00 40x2 Brown 94.00 ---------------------------------- HESSIAN CLOTH...

Raw rubber rates.
August 31, 2010... Byline: RECORDER REPORT ================================== RAW RUBBER CEYLON (per lb) ================================== Merryrub (Equv to RSS 3) 150.00 RSSV 150.00 Merryrub (Equv to Crape) 200.00 Pale Crape TPC3...

Milk powder rates.
August 31, 2010... Byline: RECORDER REPORT ================================== MILK POWDER Skimmed (per bag of 25 kgs) ================================== Irish skimmed 7600.00 Haleeb SMP 6500.00 Nur Pur 7500.00 Skim Pak 5400.00 Poland 7000.00 Olden...

Karachi tea rates.
August 31, 2010... Byline: RECORDER REPORT ================================== TEA (PER KG) ================================== KENYA ---------------------------------- PF-1 A Grade 375.00 B Grade 345.00 + C Grade 330.00 C Grade...

National Commodity Exchange Trading Summary.
August 31, 2010... Byline: RECORDER REPORT ======================================================================================================================== ===================== Date Commodity Contract Price Open High Low Close Traded Previous Current...

Weekly statement of position of all scheduled banks.
August 31, 2010... Byline: RECORDER REPORT ================================================================================= (RUPEES IN MILLION) ================================================================================= All All SCHEDULED COMMERCIAL...

Dollar's rate in interbank market.
August 31, 2010... Byline: RECORDER REPORT ========================= Buying Rs.85.64 Selling Rs.85.68 ========================= Interbank closing rates for dollar on Monday (August 30, 2010). Copyright 2010 Business Recorder

Shipping Intelligence.
August 31, 2010... Byline: RECORDER REPORT ================================================================================ VESSELS ON BERTH ================================================================================ Berth Ship Working Agent...

Kerb buying and selling rate of US dollar.
August 31, 2010... Byline: RECORDER REPORT ========================= Open Buying Rs 85.50 Open Selling Rs.85.65 ========================= Dollar buying and selling rate in the kerb market in rupees on Monday (August 30, 2010). Copyright 2010 Business...

THE RUPEE: minor changes.
August 31, 2010... Byline: RECORDER REPORT Minor changes were seen on the currency market on Monday as dollars' easy supply did not allow the rupee to move sharply versus the US currency, dealers said. INTERBANK MARKET RATES: The rupee gained two paisa in...

Sugar: HABIB SUGAR MILLS - Analysis of Financial Statements Financial Year 2005 - 2003 Q 2010.
August 31, 2010... Habib Sugar Mills Limited was incorporated as a public limited company in 1962 and is headquartered in Karachi, Pakistan. Its plant is located at Nawabshah, 300 kilometers northeast of Karachi. Sugarcane, an important cash crop, is grown on...

Revised Rates of Debt Securities.
August 31, 2010... Byline: RECORDER REPORT ============================================================================================================= RATES OF DEBT...

Mutual Funds Association of Pakistan.
August 31, 2010... Byline: RECORDER REPORT ======================================================================================================================== =========================== Funds Name Asset Manager Category Offer Repurchase Validity Price...

BRIndex30 and BR Sectoral Indices.
August 31, 2010... Byline: RECORDER REPORT =================================== BR INDICASE AT A GLANCE =================================== BRINDEX30 =================================== Day Close (-) 7,319.38 High: 7,470.41 Low: 7,289.01 Net Change: (-)...

Despatch of dividend warrants.
August 31, 2010... Byline: RECORDER REPORT ======================================================================================= Company Year Ended/Ending Dividend/Bonus Dispatched...

Board meetings in progress.
August 31, 2010... Byline: RECORDER REPORT ============================================================================ COMPANY SCHEDULED ON TIME TO CONSIDER R E M A R K S ============================================================================ United...

BOARD MEETINGS.
August 31, 2010... Byline: RECORDER REPORT ================================================================== Name of company Date Time ================================================================== East West Insurance Co Ltd 31.08.2010 12:00 noon The...

Board Meetings.
August 31, 2010... Byline: RECORDER REPORT ======================================================================================== Company SCHEDULED ON TIME PLACE TO...

Provisionally listed companies.
August 31, 2010... Byline: RECORDER REPORT ==================================================== Company Trading commenced from ==================================================== - - ==================================================== Provisional...

Last date of renunciation/payment.
August 31, 2010... Byline: RECORDER REPORT ======================================================================================== COMPANY Trading in L/Right Last Date for Last Date of Spot From Premium w.e.f. Payment/Ren....

Proposed right issues.
August 31, 2010... Byline: RECORDER REPORT =============================================================================== PROPOSED RIGHT ISSUE =============================================================================== Company...

Clearing Schedule for T+2 System.
August 31, 2010... Byline: RECORDER REPORT ================================================================ CLEARING SCHEDULE FOR T+2 SYSTEM FOR THE MONTH OF AUGUST 2010 ================================================================ TRANSACTION...

NJLI YAQEEN GROWTH FUND RATES.
August 31, 2010... Byline: RECORDER REPORT ===================== Offer Price 559.91 Bid Price 531.91 ===================== NJLI Yaqeen Growth Fund Rates on Monday (August 30, 2010). Copyright 2010 Business Recorder

NJLI MEESEQ Fund Rates.
August 31, 2010... Byline: RECORDER REPORT ===================== Offer Price 520.61 Bid Price 494.57 ===================== NJLI Meeseq Fund Rates on Monday (August 30, 2010). Copyright 2010 Business Recorder

NJLI Sarmaya Growth Fund Rates.
August 31, 2010... Byline: RECORDER REPORT ===================== Offer Price 230.51 Bid Price 218.97 ===================== New Jubilee Life Insurance Sarmaya Growth Fund Rates on Monday (August 30, 2010). Copyright 2010 Business Recorder

NJLI Managed Growth Fund Rates.
August 31, 2010... Byline: RECORDER REPORT ===================== Offer Price 516.36 Bid Price 490.53 ===================== New Jubilee Life Insurance Managed Growth Fund Rates on Monday (August 30, 2010). Copyright 2010 Business Recorder

World currencies and euro.
August 31, 2010... Byline: RECORDER REPORT =========================================================== COUNTRY CURRENCY VALUE OF EURO =========================================================== Afghanistan (Afghani) 56.6027 Albania (Lek) 136.217 Algeria...

Pakistan Government International Bonds.
August 31, 2010... Byline: RECORDER REPORT ====================================================================== Pakistan Government International Bonds ====================================================================== Bid Offer Bid Offer Mid...

Open market rates of foreign currencies.
August 31, 2010... Byline: RECORDER REPORT ========================================================================= CURRENCY BUYING SELLING CURRENCY BUYING SELLING ========================================================================= US$ O/M 85.50 85.65...

Spot dollar rates.
August 31, 2010... Byline: RECORDER REPORT ======================================= Ex Interbank Rate PKR against USD ======================================= BID OFFER CLOSE ======================================= Ready 85.6700 85.6900 85.6800 1 week...

Banks' rates for currency notes (buying and selling).
August 31, 2010... Byline: RECORDER REPORT =================================== Selling Buying =================================== US DOLLAR 86.66 84.56 SAUDI RIYAL 23.11 22.54 UK POUND STG 134.64 131.37 JAPANESE YEN 1.0130 0.9880 EURO 110.43...

Money Market Report.
August 31, 2010... Byline: RECORDER REPORT Money market report by Khadim Ali Shah Bukhari & Co on Monday (August 30, 2010). DAILY MONEY MARKET COMMENTS: Money market initiated at the level of 12.25% - 12.50%. In Repo, major deals were done in the range...

Interest rates on old and incremental FCY deposits.
August 31, 2010... Byline: RECORDER REPORT ================== Rates % pa ================== USD 0.1000 GBP 0.1000 JPY 0.0000 ================== Interest rates on old and incremental FCY deposits on Monday (August 30, 2010). Copyright 2010 Business...

Interest rates on new foreign currency deposits.
August 31, 2010... Byline: RECORDER REPORT ================================================= INTEREST RATES ON NEW FOREIGN CURRENCY DEPOSITS US DOLLAR ================================================= PERIOD FOR THE MONTH OF AUGUST 2010 %...

Bill buying rates per unit of currency.
August 31, 2010... Byline: RECORDER REPORT ======================================================================== BILL BUYING RATES PER UNIT OF CURRENCY ======================================================================== Bill 30 Days 60 Days 90 Days...

Exchange rates: buying and selling.
August 31, 2010... Byline: RECORDER REPORT ========================================= Countries Selling Buying Buying TT&OD TT Clean OD/T.CHQ ========================================= USA 85.80 85.60 85.42 UK 133.31 133.00 132.69 EURO 109.34 109.08...

Conversion for foreign currency deposits.
August 31, 2010... Byline: RECORDER REPORT =============================================== US DOLLAR POUND STERLING EURO JAPANESE YEN =============================================== 85.6429 132.9178 108.9721...

Currency notes: exchange rates.
August 31, 2010... Byline: RECORDER REPORT ============================================= AUTHORISED DEALERS' RATES FOR CURRENCY NOTES ============================================= COUNTRY SELLING BUYING ============================================= USA...

LIBOR calculating interest on US dollar.
August 31, 2010... Byline: RECORDER REPORT ========================================= BONDS LIBOR VALUE ========================================= 6 MONTHS US DOLLAR 0.5073 31-08-2010 ========================================= London Interbank Offer Rates...

State Bank of Pakistan conversion rates.
August 31, 2010... Byline: RECORDER REPORT ========================== US Dollar 85.6429 Pound Sterling 132.9178 Euro 108.9721 Japanese Yen 1.0115 ========================== Rates applicable for conversion into rupees of Foreign Currency Deposits,...

Barclays bid rates and maximum rates for payment of interest.
August 31, 2010... Byline: RECORDER REPORT ======================================================== INTEREST PAYABLE ON FE DEPOSITS ======================================================== BBA BID MAXIMUM RATES RATES FOR PAYMENT OF INTEREST...

Aaj TV - Tuesday's schedule.
August 31, 2010... Byline: RECORDER REPORT 06:00 News Bulletin 06:25 Headline News 06:30 News Bulletin 06:55 Headline News 07:00 Aaj Kalam (Qawwali) 07:25 Headline News 07:30 Aaj Kalam (Qawwali) 07:55 News Bulletin 08:25 Headline News 08:30 Black Box (Dajjal...

Oil cake market rates.
August 31, 2010... Byline: RECORDER REPORT Upward trend was seen on the forward cottonseed oilcake market on Monday in the process of trading, dealers said. The July contract that ended at Rs 1001.20 on Saturday last opened with a gain of 30 paisa at Rs...

Ceylon raw rubber lower on Jodia Bazar.
August 31, 2010... Byline: RECORDER REPORT The trading in Ceylon raw rubber closed lower on Jodia Bazar here on Monday. The following changes were noted. CEYLON RAW RUBBER (Per lb): Merryrub (Equivalent to RSS3) edged down by Rs 10 to Rs 150, RSSV went lower...

Steady trend prevails on cotton market.
August 31, 2010... Byline: RECORDER REPORT Firmness prevailed on the cotton market on Monday as mills continued buying to keep themselves away from future losses, dealers said. The Karachi Cotton Association (KCA) official spot rate was moved up by 100 at Rs...

Few changes seen on grain market.
August 31, 2010... Byline: RECORDER REPORT A few changes were seen on the wholesale grain and seed market on Monday mainly because of slow demand by the retailers, dealers said. On the cereal side masoor Canada was higher by Rs 200 to Rs 7500, masoor Dal was up...

Activity at Karachi and Qasim ports.
August 31, 2010... Byline: RECORDER REPORT The Karachi Port handled 268,582 tonnes of cargo including 209,339 tonnes of import cargo, 59,243 tonnes of export cargo, 3,662 loaded and empty containers during last 48 hours ended at 0700 hours on Monday. The total...

Sindh University students to take part in World Chess Olympiad.
August 31, 2010... Byline: RECORDER REPORT Two girl students of the University of Sindh have been selected by Sindh Chess Association to participate in the 39th World Chess Olympiad, to be held in Russia from next month. The event will take place in Khanty...

PFF president to attend FIFA disciplinary body meeting.
August 31, 2010... Byline: RECORDER REPORT Host of disciplinary cases, involving incidents in various competitions including World Cup 2010, will be discussed in FIFA Disciplinary Committee meeting being held on Tuesday (today) at the Home of FIFA in Zurich,...

Hearing of fake degree cases: only one parliamentarian appears before ECP.
August 31, 2010... Byline: RECORDER REPORT Only one out of the nine parliamentarians summoned by Election Commission of Pakistan (ECP) to explain their position for allegedly having fake educational degrees, attended the hearing held here on Monday under the...

Transfer and postings.
August 31, 2010... Byline: RECORDER REPORT The Punjab government has carried out transfer and posting of officials here on Monday. According to a notification, Sheikh Aziz Ali, District Officer (Human Resource Management), Bahawalnagar, has been transferred and...

Eight oil, gas fields in Balochistan: OGDC facing difficulty in starting drilling.
August 31, 2010... Byline: RECORDER REPORT The Oil and Gas Development Company Limited (OGDC) is facing difficulty in starting drilling on eight oil and gas fields which are still under 'force majeure' due to the inability of the Balochistan government to...

Partly Facetious: Butt Sahib is deaf literally or figuratively.
August 31, 2010... Byline: ANJUM IBRAHIM "You heard about the cricket team's shenanigans." "Yes, I did. And let me assure you the President has taken notice of it." "Where does he come in?" "He is the patron of the team I think." "Hmmmm." "Focus...

Contractors threaten to protest if bills not cleared by Erra.
August 31, 2010... Byline: RECORDER REPORT Contractors and Labourers Suppliers Association of Azad Kahsmir threatened to resort to protest if their bills were not cleared by the Earthquake Reconstruction and Rehabilitation Authority (Erra) before Eid. ...

NHA providing assistance to provincial departments.
August 31, 2010... Chairman NHA Altaf Ahmad Chaudhry has said that NHA beside their tasked responsibilities is also contributing a lot by providing maximum assistance to the Provincial Government Departments (especially, to Irrigation Department in the areas of...

Rs 20,000 to be distributed to each flood-hit family: minister.
August 31, 2010... Byline: RECORDER REPORT Punjab Minister for Law Rana Sanaullah Khan has said that financial assistance of Rs 20,000 would be distributed among each flood affected family and Chief Minister, Punjab Shahbaz Sharif has initially allocated funds...

PIAF to dispatch relief convoys to six destinations.
August 31, 2010... Byline: RECORDER REPORT Pakistan Industrial and Traders Associations Front (PIAF) has decided to dispatch convoys of relief goods to six flood-hit destinations this week. PIAF chairman, vice chairmen and Executive Committee would be...

Pakistan to seek GSP Plus status for 10 years: minister.
August 31, 2010... Byline: RIZWAN BHATTI Pakistan has decided to approach EU for Generalised System of Preference Plus (GSP plus) for next ten years as unprecedented floods have disturbed whole economy besides causing billions of rupees losses. "The...

Counter-insurgency strategy ineffective: Karzai.
August 31, 2010... Afghan President Hamid Karzai on Monday criticised the international forces' strategy in Afghanistan, saying that the counter-insurgency strategy was ineffective. "The counter-insurgency strategy in Afghanistan has been ineffective and has not...

Save 70,000 children.
August 31, 2010... Byline: MOHAMMAD KHAN SIAL (KARACHI) Every one of us must be in shock to read the recent UNICEF report about the fear of dying of 70,000 children owing to numerous diseases as a result of drinking contaminated water. I request our elected...

Philippine president fumbles first major crisis.
August 31, 2010... Byline: GIRLIE LINAO President Benigno Aquino III was out of sight throughout the 11-hour bus hostage crisis that ended with the deaths of eight Hong Kong tourists in the Philippines. Aquino, who has only been president for two months, also...

SPOTLIGHT: Lynching of dacoits has become the acceptable norm!: What does plummeting popularity of many leaders show?
August 31, 2010... Byline: WAJID NAEEMUDDIN When the MQM supremo made his bizarre demand that "patriotic generals" resort to "martial law like action" (whatever that means) to root out the balloning corruption in the country, it occupied centre stage in the...

The Republic need of the hour.
August 31, 2010... Byline: A B SHAHID Mankind has yet to devise a way of governing the state whose fairness, workability and transparency is sustainable; of the systems invented so far, the one that allows curbing weaknesses in these areas before they turn...

Life ban for cricketers if guilty.
August 31, 2010... A strong wave of grief, shock and shame pervades the country since the revelations of British tabloid News of the World about the involvement of seven Pakistani cricketers, including captain Salman Butt, fast bowlers Mohammad Asif and Mohammad...

Profitability of banking sector.
August 31, 2010... The banking sector of Pakistan continues to be in good shape, despite the poor performance of the economy in a number of other areas. Its profits reached Rs 35.5 billion in the first half of 2010, as compared to Rs 26.6 billion in the...

123 criminals arrested from Khairpur.
August 31, 2010... Byline: RECORDER REPORT District Police Officer Khairpur, in the monthly report of performance of police, informed that district police, during the month of July, arrested 103 absconders, 19 dacoits/criminals, one proclaimed offender, whereas...

KCCI elections: BMG-nominated candidates likely to win.
August 31, 2010... Byline: N H Zuberi Saeed Shafiq, Talat Mahmood and Junaid Ismail Makda are likely to become next president, senior vice president and vice president of Karachi Chamber of Commerce and Industry (KCCI) for year 2010-11 respectively. Sources...

Indus Motor declares Rs 10 per share dividend.
August 31, 2010... Byline: RECORDER REPORT The profit after tax of Indus Motor Company Limited increased to Rs 3.443 billion in the year ended on June 30, 2010 (FY10) as compared to Rs 1.385 billion earned in FY09. The company's earning per share surged to Rs...

Individual customers: PQFTL declares surplus of 15 percent.
August 31, 2010... Pak-Qatar Family Takaful Limited (PQFTL) has declared a surplus of 15 percent for its individual customers for the financial year ended December 31, 2009. This was announced by CEO of PQFTL, P Ahmed following the meeting of Shariah Supervisory...

Fishermen seek 50 percent subsidy for replacing illegal fishing nets.
August 31, 2010... Byline: RECORDER REPORT Keamari fishermen have demanded of the government to provide them with 50 percent subsidy for replacing illegal fishing nets with standard ones. The government had already warned fishermen to adapt their fishing nets...

SSIC in a shambles.
August 31, 2010... Byline: IQBAL MIRZA In the Sindh Small Industries Corporation (SSIC) and Sindh Industrial Estates Limited (Site), both receiving Government of Sindh (GoS) financial support for development and O & M, "services are in a poor state,...

100,000 Pakistanis to be placed in skill-specific jobs: USAID.
August 31, 2010... USAID seeks to place 100,000 Pakistani women and men in skill-specific jobs through training and placement centers. The initiative supports the government of Pakistan and strengthens its vision to enhance local workforce development systems. It...

Sindh University announcement.
August 31, 2010... Byline: RECORDER REPORT The Controller of Examinations (Annual) University of Sindh, keeping in view the flood situation in Sindh, has postponed semester examinations to be held in public and private institutes and colleges in BCS, BCIT, BBA...

Pakistan Refinery loss after tax shrinks to Rs 2.975 billion.
August 31, 2010... Byline: RECORDER REPORT The loss after tax of Pakistan Refinery Limited has declined to Rs 2.975 billion in the financial year ended June 30, 2010 (FY10) as compared to Rs 4.571 billion in the corresponding period in FY09. The board of...