Business Recorder articles from December 2011, page 5

Business Recorder archives from December 2011

Proposed right issues.
December 29, 2011... Byline: RECORDER REPORT ============================================================= PROPOSED RIGHT ISSUE ============================================================= Company Rate =============================================================...

Provisionally listed companies.
December 29, 2011... Byline: RECORDER REPORT ==================================================== Company Trading commenced from ==================================================== - - ==================================================== Provisional companies...

Last date of renunciation/payment.
December 29, 2011... Byline: RECORDER REPORT ======================================================================================== COMPANY Trading in L/Right Last Date for Last Date of Spot From Premium w.e.f. Payment/Ren. Trading...

Clearing Schedule for T+2 System.
December 29, 2011... Byline: RECORDER REPORT ================================================================ CLEARING SCHEDULE FOR T+2 SYSTEM FOR THE MONTH OF DECEMBER 2011 AND JANUARY 2012 ================================================================...

EFU GUARANT GROWTH FUND Rates.
December 29, 2011... Byline: RECORDER REPORT ===================== Offer Price 624.07 Bid Price 592.86 ===================== EFU Guarant Growth Fund Rates on Wednesday (December 28, 2011). Copyright 2011 Business Recorder

EFU Aitemad Growth Fund Rates.
December 29, 2011... Byline: RECORDER REPORT ===================== Offer Price 682.82 Bid Price 648.67 ===================== EFU Aitemad Growth Fund Rates on Wednesday (December 28, 2011). Copyright 2011 Business Recorder

EFU Capital Growth Fund Rates.
December 29, 2011... Byline: RECORDER REPORT ===================== Offer Price 252.51 Bid Price 239.88 ===================== EFU Capital Growth Fund Rates on Wednesday (December 28, 2011). Copyright 2011 Business Recorder

EFU Pension Growth Fund Rates.
December 29, 2011... Byline: RECORDER REPORT ===================== Offer Price 164.44 Bid Price 156.21 ===================== EFU Pension Growth Fund Rates on Wednesday (December 28, 2011). Copyright 2011 Business Recorder

EFU Managed Growth Fund Rates.
December 29, 2011... Byline: RECORDER REPORT ===================== Offer Price 865.31 Bid Price 822.04 ===================== EFU Managed Growth Fund Rates on Wednesday (December 28, 2011). Copyright 2011 Business Recorder

NJLI YAQEEN GROWTH FUND RATES.
December 29, 2011... Byline: RECORDER REPORT ===================== Offer Price 640.77 Bid Price 608.72 ===================== NJLI Yaqeen Growth Fund Rates on Wednesday (December 28, 2011). Copyright 2011 Business Recorder

NJLI MEESEQ Fund Rates.
December 29, 2011... Byline: RECORDER REPORT ===================== Offer Price 586.08 Bid Price 556.77 ===================== NJLI Meeseq Fund Rates on Wednesday (December 28, 2011). Copyright 2011 Business Recorder

NJLI Capital Growth Fund Rates.
December 29, 2011... Byline: RECORDER REPORT ===================== Offer Price 245.97 Bid Price 233.66 ===================== New Jubilee Life Insurance Capital Growth Fund Rates on Wednesday (December 28, 2011). Copyright 2011 Business Recorder

NJLI Managed Growth Fund Rates.
December 29, 2011... Byline: RECORDER REPORT ===================== Offer Price 611.99 Bid Price 581.38 ===================== New Jubilee Life Insurance Managed Growth Fund Rates on Wednesday (December 28, 2011). Copyright 2011 Business Recorder

Pakistan Government International Bonds.
December 29, 2011... Byline: RECORDER REPORT ====================================================================== Pakistan Government International Bonds ====================================================================== Bid Offer Bid Offer Mid Mid Maturity...

US treasuries bid yields.
December 29, 2011... Byline: RECORDER REPORT =========================================================================== US TREASURIES (BID YIELDS) =========================================================================== DATE 1 MO 3 MO 6 MO 1 YR 2 YR 3 YR 5 YR 7...

Banks' rates for currency notes (buying and selling).
December 29, 2011... Byline: RECORDER REPORT =================================== Selling Buying =================================== US DOLLAR 90.70 88.48 SAUDI RIYAL 24.19 23.59 UK POUND STG 142.01 138.51 JAPANESE YEN 1.1657 1.1371 EURO 118.54 115.61 U.A.E. 24.69...

Money Market Report.
December 29, 2011... Byline: RECORDER REPORT Money market report by Khadim Ali Shah Bukhari & Co on Wednesday (December 28, 2011). ================================================================= Repo Rates (Yield p a)...

Spot dollar rates.
December 29, 2011... Byline: RECORDER REPORT ======================================= Ex Interbank Rate PKR against USD ======================================= BID OFFER CLOSE ======================================= Ready 89.9800 90.0000 89.9900 1 week 90.1700...

London Interbank Offered Rates.
December 29, 2011... Byline: RECORDER REPORT ====================================================== Rates at 11:00 London time Wednesday (Dec 28, 2011) ====================================================== USD GBP CAD EUR JPY...

Open market rates of foreign currencies.
December 29, 2011... Byline: RECORDER REPORT ========================================================================= CURRENCY BUYING SELLING CURRENCY BUYING SELLING ========================================================================= US$ O/M 89.90 90.10 Hong...

Currency values in terms of Special Drawing Rights.
December 29, 2011... Byline: RECORDER REPORT ====================================================================================== December 28, 2011 ====================================================================================== Currency units per SDR SDR...

US treasuries bid prices.
December 29, 2011... Byline: RECORDER REPORT ======================================================================================= US TREASURIES (BID PRICES) ======================================================================================= DATE 1 MO 3 MO 6...

LIBOR calculating interest on US dollar.
December 29, 2011... Byline: RECORDER REPORT ========================================= BONDS LIBOR VALUE ========================================= 6 MTHS US DOLLAR 0.8010 28-12-2011 ========================================= London Interbank Offer Rates on for...

Interest rates on old and incremental FCY deposits.
December 29, 2011... Byline: RECORDER REPORT ================== Rates % pa ================== USD 0.1000 GBP 0.1000 JPY 0.0000 ================== Interest rates on old and incremental FCY deposits on Wednesday (December 28, 2011). Copyright 2011 Business...

Interest rates on new foreign currency deposits.
December 29, 2011... Byline: RECORDER REPORT ================================================= INTEREST RATES ON NEW FOREIGN CURRENCY DEPOSITS US DOLLAR ================================================= PERIOD FOR THE MONTH OF DECEMBER 2011 % PA...

Bill buying rates per unit of currency.
December 29, 2011... Byline: RECORDER REPORT ======================================================================== BILL BUYING RATES PER UNIT OF CURRENCY ======================================================================== Bill 30 Days 60 Days 90 Days 120...

Conversion for foreign currency deposits.
December 29, 2011... Byline: RECORDER REPORT =============================================== US DOLLAR POUND STERLING EURO JAPANESE YEN =============================================== 89.8209 140.4709 117.4229 1.1529 ===============================================...

Currency notes: exchange rates.
December 29, 2011... Byline: RECORDER REPORT ============================================= AUTHORISED DEALERS' RATES FOR CURRENCY NOTES ============================================= COUNTRY SELLING BUYING ============================================= USA 90.70...

Exchange rates: buying and selling.
December 29, 2011... Byline: RECORDER REPORT ========================================= Countries Selling Buying Buying TT&OD TT Clean OD/T.CHQ ========================================= USA 89.80 89.60 89.37 UK 140.61 140.30 139.91 EURO 117.36 117.10 116.78...

Barclays bid rates and maximum rates for payment of interest.
December 29, 2011... Byline: RECORDER REPORT ======================================================== INTEREST PAYABLE ON FE DEPOSITS ======================================================== BBA BID MAXIMUM RATES RATES FOR PAYMENT OF INTEREST BY AUTHORISED DEALERS...

State Bank of Pakistan conversion rates.
December 29, 2011... Byline: RECORDER REPORT ========================== US Dollar 89.8209 Pound Sterling 140.4709 Euro 117.4229 Japanese Yen 1.1529 ========================== Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer...

Aaj TV - Thursday's schedule.
December 29, 2011... Byline: RECORDER REPORT 06:00 News Hour 06:25 Headline News 06:30 News Bulletin 06:55 Headline News 07:00 Bolta Pakistan 07:25 Headline News 07:30 Bolta Pakistan 07:55 Headline News 08:00 News Hour 08:25 Headline News 08:30 Aaj Market (Morning)...

Activity at Karachi and Qasim ports.
December 29, 2011... Byline: RECORDER REPORT The Karachi Port handled 108,277 tonnes of cargo comprising 68,749 tonnes of import cargo and 39,528 tonnes of export cargo including 3,440 loaded & empty containers during last 24 hours ended at 0700 hours on...

Oil cake market rates.
December 29, 2011... Byline: RECORDER REPORT January vaida was lower while the March contract was unchanged on the forward cottonseed oilcake market on Wednesday in process of trading, dealers said. The January contract that had ended at Rs 1165.80 commenced with...

Restricted trade witnessed on grain market.
December 29, 2011... Byline: RECORDER REPORT Small business was again witnessed on the wholesale grain market on Wednesday, dealers said. On the cereal side wheat old and new (bardan) were quoted at Rs 2670 and 2685, respectively, other items retained the...

Jute goods twine lower on Jodia Bazaar.
December 29, 2011... Byline: RECORDER REPORT The trading in jute goods twine ended lower on Jodia Bazaar here on Wednesday. The following changes were noted. JUTE GOODS TWINE (Per kg): 20X3 Brown finished down by Rs 4 to Rs 88, 16x3 CRT/Indus ended lower by Rs...

Pakistan Open Golf Championship begins.
December 29, 2011... Pakistan Golf Federation (PGF), in collaboration with DHA Golf Club would host a prestigious 4-day Pakistan Open Golf Championship from December 29, 2011 to January 1, 2012, said a press release issued on Wednesday. The Secretary PGF, former...

National Assembly session today.
December 29, 2011... The 37th session of the fourth parliamentary year of the incumbent National Assembly will restart on Thursday at 5:00 pm after a week-long break. Copyright 2011 APP (Associated Press of Pakistan)

Cut in use of fertiliser to affect crops.
December 29, 2011... Byline: RECORDER REPORT Chairman Agri Forum Pakistan, Muhammad Ibrahim Mughal said on Wednesday fertiliser application during the current Rabi season has drastically reduced as compared to the last season, which would badly affect important...

Delhi suppressing Kashmiris' struggle by various tactics: Mirwaiz.
December 29, 2011... The Chairman of All Parties Hurriyet Conference, and patron of Muttahida Majlis-e-Ulema in occupied Kashmir, Mirwaiz Umar Farooq has said that New Delhi is utilising different tactics to suppress the indigenous liberation movement in the...

Misuse of exemption certificates: FBR to tighten tax laws.
December 29, 2011... Byline: RECORDER REPORT The Federal Board of Revenue has decided to tighten tax laws to check the massive misuse of exemption certificates obtained in the name of importers-cum-manufacturers on the import of raw materials and inputs to be...

490 PTV employees regularised: Gilani eulogises role of media.
December 29, 2011... Byline: RECORDER REPORT Prime Minister Yousuf Raza Gilani on Wednesday eulogised the role of media in creating awareness among the masses against extremism and terrorism. Speaking at the ceremony organised in connection with regularisation of...

Rashid elected president RAS.
December 29, 2011... Reporter Association of Supreme Court (RAS) unanimously elected Rashid Habib as its president and Sohail Khan as General Secretary, says a press release issued here on Wednesday. According to the details, Rashid Habib (ARY) was elected as...

Punjab Assembly approves LG (2nd Amendment) Bill.
December 29, 2011... Byline: JALIL HASSAN AKHTAR Punjab Assembly on Wednesday passed Punjab Local Government (Second Amendment) Bill. The bill was moved by Law Minister Rana Sanaullah in the house. Earlier, the Bill was referred to Standing Committee on Local...

Chairman Aptma rejects government intervention to cotton trade.
December 29, 2011... Byline: RECORDER REPORT Chairman All Pakistan Textile Mills Association (Aptma), Mohsin Aziz, has rejected any government intervention to the free market mechanism of cotton trade, manoeuvred by a strong lobby of ginners and cotton hoarders...

Hooliganism on New Year eve: CCPO Lahore warns of strict action.
December 29, 2011... Capital City Police Officer (CCPO), Ahmad Raza Tahir has said strict action will be taken against those people who transgress the law by getting involved in drinking, aerial firing, rush driving, aggressive racing and hooliganism on New Year...

Tata Textile Mills Limited.
December 29, 2011... INTRODUCTION: Tata Textile Mills Limited was incorporated in Pakistan by TATA Group in 1987 as a public limited Company and is listed on Karachi and Lahore Stock Exchanges. The Company is primarily involved in the manufacturing and sale of yarn....

Sindh University notification.
December 29, 2011... Byline: RECORDER REPORT The Dean Faculty of Islamic Studies, University of Sindh, has announced on Wednesday the interview of candidates of M.Phil Islamic Culture will be conducted on Thursday (today) at 9.30 am at the Office of the Dean...

BIEK notifies results.
December 29, 2011... Byline: RECORDER REPORT The Controller Board of Intermediate Education Karachi (BIEK) Imran Khan Chishti announced the results of HSC Part-I Humanities (private) here on Wednesday. According to results gazette, 5,475 candidates were...

Balochistan Assembly seeks arrest of Qamar's killers.
December 29, 2011... The legislators of the Balochistan Assembly session on Wednesday passed a resolution demanding of the Sindh government to arrest killers of Jamiat Ulema-i-Islam (JUI) leader's son Hafiz Ahmed Qamar. The assembly session started with Deputy...

Two killed in city.
December 29, 2011... Byline: RECORDER REPORT At least two persons were killed in separate incidents at various parts of the metropolis on Wednesday. According to police and rescue sources, an old man was shot dead at Rufi Bara Market Sohrab Goth in the limits of...

SHC restrains: FBR officials from taking action against petitioner.
December 29, 2011... A division bench of Sindh High Court (SHC) on Wednesday restrained officials of Federal Board of Revenue (FBR) from taking any action against the petitioner in Sales Tax refund case till further orders. The bench comprising Justice Maqbool...

Speakers highlight importance of social dialogue.
December 29, 2011... Byline: RECORDER REPORT Speakers at a seminar underlined the significance of social dialogue terming it an essential tool for advancing equality in the world of work. They were of the view that social dialogue was the most suitable tool for...

Trading in shares of two listed companies suspended.
December 29, 2011... Byline: RECORDER REPORT The Karachi Stock Exchange (KSE) has suspended trading in shares of two listed companies - S S Oil Mills and Sakrand Sugar Mills - for the period of sixty days with effect from December 30, 2011 to initiate the process...

AIML declares interim dividend distribution for funds.
December 29, 2011... Askari Investment Management Limited (AIML) has declared interim dividend distribution for the unit holders of Askari Sovereign Cash Fund (ASCF) and Askari Islamic Income Fund (AIIF) for the year ending June 30, 2012. According to a press...

Seven persons arrested: weapons, cash seized.
December 29, 2011... Byline: RECORDER REPORT Sindh police on Wednesday claimed to have arrested seven persons and recovered weapons and foreign currency from their possession in the limits of Frere police station. According to Frere SHO Ishaq Lashari, raids were...

Infant burnt alive; over 30 huts gutted.
December 29, 2011... Byline: RECORDER REPORT An infant on Wednesday burnt alive when fire broke out in shanty down located in Sharea Faisal police limits, burning over 30 huts to ashes. According to police and fire brigade officials, the fire that mysteriously...

Pak-US scientist visits SSUET.
December 29, 2011... The establishment of Sir Syed University of Engineering and Technology (SSUET) is an achievement of the Aligarh Muslim University Old Boys Association (AMUOBA) which was made possible by its President and Chancellor SSUET, Z.A. Nizami. This was...

Kyoto Protocol of UN Lucky Cement qualifies for Carbon Credits.
December 29, 2011... Through its Waste Heat Recovery (WHR) Project, a power generation unit that does not require any external fed fuel to operate and uses the wasted heat from the system as its fuel, Lucky Cement has managed to substantially reduce carbon...

SEPA issues notices to 91 hospitals.
December 29, 2011... Byline: RECORDER REPORT Sindh Environmental Protection Agency (SEPA) has issued notices to 91 private and public hospitals of Karachi for submitting of their waste management plans, Business Recorder learnt on Wednesday. Waste of Karachi's...

PHMA organises seminar on EOBI rules.
December 29, 2011... Byline: RECORDER REPORT Pakistan Hosiery Manufacturers and Exporters Association (PHMA) organised a seminar with a view to acquaint the members with the rules and act of Employees' Old Age Benefits Institution (EOBI). According to information...

Prolonged power cuts: protests continue against LESCO.
December 29, 2011... Byline: RECORDER REPORT Protests against the Lahore Electric Supply Company (LESCO) continued for the third consecutive day in the city. The resident of walled city took out processions against prolonged power cuts. They were chanting slogans...

Partly Facetious: The 'retired hurt' comment did apparently hurt Zardari.
December 29, 2011... Byline: ANJUM IBRAHIM "So what did you think of the President's speech?" "Controlled and few digs at anyone, fewer than anticipated in any case with the exception of Imran Khan and a reference to Takht-i-Lahore!" "The retired hurt...

Need to overhaul education department stressed.
December 29, 2011... Byline: Recorder report One day media workshop on child rights was held under the auspicious district Social Welfare Department at a local hotel here. Speakers of the workshop criticised the provincial government for ignoring education sector...

Third South Asian International conference held.(Conference news)
December 29, 2011... Byline: RECORDER REPORT The 3rd South Asian International Conference (SAICON) with the theme International Conference on Management, Business Ethics and Economics (ICMBEE) was organised by COMSTAS Institute of Information Technology, here on...

UHS to establish institute of research excellence.
December 29, 2011... Byline: MUHAMMAD SALEEM With a view to revolutionising the basic medical sciences' research, the University of Health Sciences (UHS) is all set to establish a state-of-the-art Institute of Research Excellence at Kala Shah Kaku campus of the...

Government urged to act quickly to overcome gas, power crises.
December 29, 2011... Byline: RECORDER REPORT The government should take measures on war footing to overcome acute gas and electricity crisis, or get ready to face unprecedented protest demonstrations by millions of industrial workers whose jobs are at stake due...

Flood victims: Punjab government distributes keys of model houses.
December 29, 2011... Byline: RECORDER REPORT The Punjab government has on Wednesday distributed keys of 204 model houses among the flood-hit victims at Rajanpur and Mianwali. Advisor to Chief Minister Punjab Zakiya Shahnawaz and Member Provincial Assembly Sardar...

10,000 illegal gas connections disconnected.
December 29, 2011... Byline: RECORDER REPROT A task force of Sui Northern Gas Pipelines Limited (SNGPL) disconnected 10,000 illegal domestic and commercial gas connections in a grand operation in more than 20 localities of Jhang Road, here on Wednesday. The...

Terminated ad-hoc pharmacists: LHC summons record from PPSC.
December 29, 2011... Byline: RECORDER REPORT The Lahore High Court on Wednesday summoned record of examination and interview record of terminated ad-hoc pharmacists from Punjab Public Service Commission (PPSC) till January 31 next. Earlier, the petitioners'...

Government providing all possible assistance to industrialists: minister.
December 29, 2011... Byline: RECORDER REPORT Provincial Minister for Labour Haji Ehsaan-ud-Din Qureshi has said that industry is the backbone of our economy and provincial government is providing all possible assistance to the industrialists so that the...

15 industrial units, 14 CNG stations: SNGPL disconnects gas supply on theft charges.
December 29, 2011... Byline: HASSAN ABBAS Sui Northern Gas Pipelines Limited (SNGPL) on Wednesday disconnected gas supply to 15 industrial units and 14 CNG stations on theft charges and imposed over Rs 400 million fine. The SNGPL sources told Business Recorder...

Infertility treatment: TAMC announces results of latest IVF batch.(Financial report)
December 29, 2011... Tanwir Ahmed Medical Centre (TAMC), Lahore's premiere facility for assisted reproductive technology has announced the results of its latest In Vitro Fertilisation (IVF) treatment batch. The latest batch of IVF treatments at TAMC showed a 50...

Protest demonstrations held against gas Loadshedding.
December 29, 2011... Byline: RECORDER REPORT Hundreds of textile workers came out on streets and held protest demonstrations against severe gas load shedding at Khurrianwala Industrial Estate, here Wednesday. They chanted anti-government slogans and burnt the...

Ending price hike, unemployment: Jamaat-e-Islami urges government to take measures.
December 29, 2011... Byline: RECORDER REPORT The Jamaat-e-Islami Secretary General, Liaqat Baloch, has called upon the government to take concrete measures to end price hike and unemployment besides ensuring provision of essential commodities on cheap rates. He...

Smeda launches businesses support programme.
December 29, 2011... Byline: RECORDER REPORT The Small and Medium Enterprises Development Authority (Smeda) has launched a program on 'Supporting Pro-poor Governance for Legal Empowerment (Pro-GOLE) for Marginalised Businesses'. A good number of representatives...

Soaring prices of essential items made urban people more vulnerable.
December 29, 2011... Byline: ABDUL RASHEED AZAD Pakistan is self-sufficient in food stocks with supplies of kitchen items assured either through domestic production, yet soaring prices are making foodstuffs unaffordable for millions of urban people, especially...

Seven suspected militants killed in Orakzai.
December 29, 2011... Security forces bombed the militant's hideouts on Wednesday, in Upper Orakzai Agency, killing seven suspected militants, said in a media report. According to the details, the heavy shelling was carried out in Mamozai, Khadizai and Chapar kali...

Potable water supply system: Japan to extend Rs 8.2 million support to SWS.
December 29, 2011... The Government of Japan has decided to extend financial support of $95,816 (approx. Rs 8.2 million) to the Sanj Welfare Society (SWS) for the provision of potable water supply system in Village Pharel, Rawalpindi. The agreement for the project...

Imported urea: farmers criticise lopsided policy of government.
December 29, 2011... Byline: RECORDER REPORT Farmers from all over Punjab have strongly criticised the lopsided policy of the government about imported urea and claimed that the subsidy being given on it from the national exchequer is not going to the farmers but...

Terror bid foiled; suicide bomber among six alleged terrorists held.
December 29, 2011... Byline: TAHIR AMIN Islamabad Police on Wednesday foiled a terror bid and apprehended six suspected terrorists including a suicide bomber in Shehzad town police station jurisdiction. Inspector General Islamabad Bin Yameen, while addressing a...

Demonstration held against power loadshedding.
December 29, 2011... The people of Gilgit, Skardu, and Chilas protested against the prolonged power loadshedding, which is irking the life of the common man. The large number of masses came out on the streets here while demonstrating and chanted slogans against the...

Annual report-2010 of FTO: 1,437 tax-related cases decided out of 1,446 complaints.
December 29, 2011... Byline: RECORDER REPORT The office of the Federal Tax Ombudsman (FTO) has decided 1,437 tax-related complaints in 2010 against 1,446 complaints received during this period and 1,195 cases (83 percent) were decided in favour of the...

US eager to improve ties: Embassy spokesman.
December 29, 2011... Byline: ALI HUSSAIN Despite setback to US, Pakistan relations following last month's Nato air-strike, Washington is eager to improve bilateral co-operation and co-ordination. "The United States is committed to the bilateral relationship with...