Business Recorder articles from February 2002, page 8

Business Recorder archives from February 2002

Government to export one million tonnes wheat.
February 23, 2002... Byline: RECORDER REPORT ISLAMABAD : The government is aiming to export at least one million tonnes of wheat from the reserves of 3.2 million tonnes despite the fears that the production of the cereal crop this year may drop because of...

Pakistan government not to import old computers.
February 23, 2002... Byline: NASIR SIDDIQUI KARACHI : The federal government has decided to reverse its decision of importing 40,000 to 50,000 used computers after provinces' refusal to accept the out-dated computers. Sources in Sindh government told...

Draft sent up for vetting: Law on 'e-commerce' soon.
February 23, 2002... Byline: ARIF RANA ISLAMABAD : The government has moved to promulgate a law on 'e-commerce' in order to provide legal cover for electronic financial transactions, besides having an effective check on cyber crimes, sources told Business...

Pakistan, Iran sign MoU for gas line study.
February 23, 2002... Byline: IKRAMUL HAQ ISLAMABAD : Pakistan and Iran on Friday signed a memorandum of understanding for carrying out a pre- feasibility study for the proposed Iran-Pakistan-India gas pipeline. Addressing a joint press conference after...

Eid Greetings No website updates on February 24, 25.
February 23, 2002... KARACHI : Business Recorder wishes all its Muslim Readers Eid Mubarak. HOLIDAY NOTICE: The offices of Business Recorder will remain closed on Saturday and Sunday (Feb 23 and 24) on account of Eid-ul-Azha. There will, therefore, be no...

LME official prices.
February 22, 2002... ============================================================================================================= Aluminium Primary Copper Standard Nickel Silver Tin SHC Zinc ...

China no threat to other countries: Jiang.
February 22, 2002... BEIJING : Chinese President Jiang Zemin said "China will not go for bullying or threatening other countries" even if China becomes more developed in the future Jiang made the remark in response to a question in Beijing Thursday afternoon when...

State Bank of Pakistan Conversion Rates.
February 22, 2002... Byline: RECORDER REPORT ========================== US Dollar 60.0619 Pound Sterling 85.8285 Deutsche Mark 26.8890 Euro 52.5782 Japanese Yen 0.4496 ...

Remuneration rates payable on maturity of FE-25 funds.
February 22, 2002... Byline: RECORDER REPORT ============================ One Week 2.75 percent One Month 2.95 percent Three Months 3.15 percent ============================ KARACHI : Rates of remuneration...

Exchange Rates: Buying and Selling.
February 22, 2002... ================================================= Countries Selling Buying Buying TT&OD TT Clean OD/T.CHQ ================================================= USA 60.40 ...

Barclays bid rates and maximum rates for payment of interest.
February 22, 2002... Byline: RECORDER REPORT ================================================================== FOREIGN CURRENCY ACCOUNTS SCHEME ================================================================== ...

Currency Notes: Exchange Rates.
February 22, 2002... ============================================= AUTHORISED DEALERS' RATES FOR CURRENCY NOTES ============================================= SELLING COUNTRY BUYING ...

Interest rates on old and incremental foreign currency deposits.
February 22, 2002... ============================================================= INTEREST RATES ON OLD & INCREMENTAL FC DEPOSITS ============================================================= US DOLLAR POUND ST DEUTCH MARK...

Interest rates on new foreign currency deposits.
February 22, 2002... ================================================= INTEREST RATES ON NEW FOREIGN CURRENCY DEPOSITS US DOLLAR ================================================= PERIOD FOR THE MONTH OF FEBRUARY 2002 ...

Bill Buying Rates per unit of currency.
February 22, 2002... ================================================================================ BILL BUYING RATES PER UNIT OF CURRENCY -------------------------------------------------------------------------------- Bill...

Banks' Rates for currency notes (buying and selling).
February 22, 2002... ================================================== NBP EMIRATES ANZ BANK GRINDLAYS ================================================== US DOLLAR ...

Money Market Report.
February 22, 2002... KARACHI : Money market report by Khadim Ali Shah Bukhari & Co for Thursday (February 21, 2002). Daily money market comments: The interbank money market on Thursday displayed great volatility as rates were seen initially in the vicinity...

Spot Dollar Rates.
February 22, 2002... ================================================ Ex Inter-Bank Rate PKR vs USD ================================================ Buying Selling HIGH LOW CLOSE ...

Karachi Shipping Intelligence.
February 22, 2002... Byline: RECORDER REPORT =============================================================================== Berth Vessels' Working Agent Berthing No Along side ...

Crescent Capital Management (Pvt) Ltd: Daily Forex Report.
February 22, 2002... Byline: RECORDER REPORT KARACHI : Yet another modestly active day was observed in the Interbank Forex Market on Thursday. Both the Pak rupee and USD held their values firm throughout the day and only marginal changes were witnessed in...

London Inter-Bank Offered Rates.
February 22, 2002... ====================================================== Rates at 11:00 London time Thursday February 21, 2002 ====================================================== USD GBP CHF EUR JPY ...

Open market rates of foreign currencies.
February 22, 2002... Byline: RECORDER REPORT ============================================================================= BUYING SELLING FC BUYING SELLING BUYING ...

Clearing Schedule for T+3 System.
February 22, 2002... Byline: RECORDER REPORT =========================================================== CLEARING SCHEDULE FOR T+3 SYSTEM FOR THE MONTHS OF FEBRUARY/MARCH 2002 ...

Companies under suspension.
February 22, 2002... Byline: RECORDER REPORT =============================================================================== COMPANY Date of COMPANY Date of Suspension...

Dividend/Bonus Announcements.
February 22, 2002... Byline: RECORDER REPORT =================================================================================== FOR THE ANNUAL CLOSURE OF YEAR...

Board meetings in progress.
February 22, 2002... ==================================================================================== COMPANY SCHEDULED ON TIME TO CONSIDER R E M A R K S ...

Board Meetings.
February 22, 2002... =========================================================== Name of Company Date Time =========================================================== Gillette Pakistan 22.02.2002 ...

Board Meetings.
February 22, 2002... ===================================================================================================== COMPANY SCHEDULED ON TIME PACE TO CONSIDER ...

Despatch of dividend warrants.
February 22, 2002... ============================================================================= Company Year Ended/Ending Dividend/Bonus Despatched on =============================================================================...

Cross Transactions.
February 22, 2002... =================================================================== FINANCIAL INSTITUTIONS =================================================================== Code Nos Turnover of Shares Company Rate ...

UTP Unit Rates.
February 22, 2002... Byline: RECORDER REPORT ============================= Offer Prices 6021.00 Redemption Prices 5902.00 ============================= KARACHI : UTP Unit Rates in Rupees on Thursday (February 21,...

CU-Managed Fund Rates.
February 22, 2002... Byline: RECORDER REPORT ============================= Offer Price 195.50 Bid Price 185.72 ============================= KARACHI : CU-Managed Fund Rates on Thursday (February 21,...

NIT Unit Prices.
February 22, 2002... Byline: RECORDER REPORT ============================= Sale Price 11.70 Repurchase Price 11.15 ============================= KARACHI : NIT Unit Prices on Thursday (February 21, 2002).

Pakistan rupee: 15 paisa slide in kerb market.
February 22, 2002... Byline: RECORDER REPORT KARACHI : The rupee extended its slide against the dollar for the second day in a row in the kerb market, falling 15 paisa for buying and selling at Rs 59.75 and Rs 59.85 at the final session of the week ahead of...

Kerb buying and selling rate of US dollar.
February 22, 2002... Byline: RECORDER REPORT ================================ Kerb Buying Rs 59.75 Kerb Selling Rs 59.85 ================================ KARACHI : Dollar buying and selling rate in the...

Inter-Bank Call Money Rates.
February 22, 2002... Byline: RECORDER REPORT ====================================== Bid Offer ====================================== 1 Week 3.75 4.75 2 Weeks 1.25 ...

Dollar's rate in inter-bank market.
February 22, 2002... Byline: RECORDER REPORT ============================== Buying Rs 60.10 Selling Rs 60.12 ============================== KARACHI : Inter-bank closing rates for dollar on Thursday.

Karachi tea rates.
February 22, 2002... Byline: RECORDER REPORT =================================== TEAS (PER KG) =================================== KENYA PF-1 A Grade 202.00 B Grade ...

Milk powder rates.
February 22, 2002... Byline: RECORDER REPORT =================================== MILK POWDER =================================== SKIMMED (per bag of 25 KG) Cow Boy 2500.00 Haleeb ...

Raw rubber rates.
February 22, 2002... Byline: RECORDER REPORT =================================== RAW RUBBER =================================== (Per Pound) CEYLON RSSV 24.00 Pale Crape...

Jute goods rates.
February 22, 2002... Byline: RECORDER REPORT =================================== JUTE GOODS =================================== TWINE (Per KG) Bawany 20x3 Bawany Brown 35.00 ...

Wool and hair rates.
February 22, 2002... Byline: RECORDER REPORT =================================== WOOL =================================== (Per 40 Kg) Pak Superior White 1350 to 1450.00 Pak...

Hides and skin rates.
February 22, 2002... Byline: RECORDER REPORT =================================== HIDES =================================== (Wet Salted Per Piece) ----------------------------------- (i) ...

Rates of spices and other allied commodities.
February 22, 2002... Byline: RECORDER REPORT =================================== (Per 40 KG) White pepper 9600.00 Singapore 4500.00 Ceylon 4300.00 ...

Rates of dry fruit.
February 22, 2002... Byline: RECORDER REPORT =================================== DRY FRUITS =================================== Katha 2100.00 Almond (Girdi) 2100.00 Almond (Irani) ...

Rates of betel.
February 22, 2002... Byline: RECORDER REPORT =================================== BETEL =================================== WHOLE Thai 65.00 Indonesian 41.00 Burma ...

Karachi Plastic/Urea Moulding Compounds Rates.
February 22, 2002... Byline: RECORDER REPORT =================================== PLASTIC MOULDING COMPOUNDS =================================== (Per Pound) HDPE (FILM) HDP 925 ...

Karachi paper market rates.
February 22, 2002... Byline: RECORDER REPORT =================================== Paper SIZE Rate thickness in grams =================================== Kraft Papers (Brown & White) (Each packet of...

Karachi chemicals and dyes market rates.
February 22, 2002... Byline: RECORDER REPORT =================================== DYES =================================== NAPHTHOLS CHINA (Per Pound) CHINA AS 100 percent 120.00 ...

Karachi Yarn Market Rates.
February 22, 2002... Byline: RECORDER REPORT ================================== CONES CARDED ================================== 10/1 Baig (Magic) 300.00 Dewan 350.00 16/1 Moro ...

Lahore Grain Market Rates.
February 22, 2002... =================================== INDIGENOUS Per 100 KILOGRAMS Sugar 2130 to 2140 Gur 1350 to 1750 Shakkar 1850 to 2200 Wheat ...

Lahore Paper Market Rates.
February 22, 2002... =================================== Imported (Germany, and Indonesia) =================================== Per ream (500 sheets) 20 X 30 80 1400 23 X 36 80 1925 ...

Faisalabad yarn and fibre prices.
February 22, 2002... Byline: RECORDER REPORT ================================== 6/S Cone ---------------------------------- Crescent 205.00 Neli-Bar 310.00 7/S Cone Nishat ...

Grain market rates.
February 22, 2002... Byline: RECORDER REPORT =================================== RAPESEED Nawabshah - Dadulane 620 to 625.00 Mirpurlane 630 to 635.00 Cakes 250 to...

Poultry rates.
February 22, 2002... Byline: RECORDER REPORT KARACHI : Wholesale and retail poultry rates for Thursday and Friday. Thursday -- Eggs: Rs 1070 - 1075 per 30 dozen; Broiler Birds (live): Rs 52 per kilogram; Cull Birds (live): Rs 26 per kilo. Friday --...

Currency values in term of Special Drawing Rights.
February 22, 2002... ====================================================================================== February 21, 2002 ====================================================================================== ...

Bullion Rates.
February 22, 2002... ================================== KARACHI Gold Tezabi 5760.00 Silver Tezabi 98.58 LAHORE Gold Tezabi 5856.00 Gold (22-CT) 5368.00 Gold (21-CT) ...

Modest rise in cottonseed, oilcake futures.
February 22, 2002... Byline: RECORDER REPORT KARACHI : Futures were modestly higher on the forward cottonseed oilcake market on Thursday ahead of holidays. The ruling March vaida commenced 70 paisa better at Rs 368.80 and in the subsequent trading rose...

Cotton Spot Rates.
February 22, 2002... Byline: RECORDER REPORT ========================================================================================================== FOR BASE GRADE 3 STAPLE LENGTH 1-1/32" MICRONAIRE VALUE BETWEEN 3.8 TO...

Chinese vice premier to visit Pakistan soon.
February 22, 2002... Byline: RECORDER REPORT ISLAMABAD : Vice Premier of State Council of Peoples Republic of China, Wu Banggno will shortly visit Pakistan to review the progress of ongoing Chinese mega projects to ensure their early completion, especially...

Pakistan favours tripartite dialogue with India: foreign office.
February 22, 2002... Byline: MEHMUD AHMED ISLAMABAD : There are indications that Pakistan and may be the United States as well, are working for a tripartite dialogue on the issues between Islamabad and New Delhi and a schedule for it is being worked out. ...

Bid to smuggle 10 tonnes hashish to Holland foiled: four held.
February 22, 2002... Byline: RECORDER REPORT FAISALABAD : Customs authorities have foiled an attempt to smuggle 10 tonnes of hashish to Holland and arrested four persons, including two exporters, here on Thursday. According to details, a container...

New procedure for tax assessment appeals.
February 22, 2002... EDITORIAL : The International Monetary Fund (IMF) is reported to have suggested that the existing ratio of 15 percent advance payment of tax by a taxpayer opting for an appeal against the original tax assessment, should be raised to the...

Role of NBFIs to be strengthened.
February 22, 2002... EDITORIAL : The Federal Finance Minister, Shaukat Aziz, at a meeting with the members of the Leasing Association of Pakistan (LAP) on Monday in Karachi stated that the government was assigning high priority to the plans for restructuring the...

Forwarding of clocks.
February 22, 2002... LETTER : I have a suggestion to make to the President: You are making a nice move by forwarding clocks of Pakistan one hour from March. I do not know whether this is your decision or is just a proposal from someone else. But I think this...

National Engineering Services taken off Sindh government blacklist.
February 22, 2002... Byline: RECORDER REPORT LAHORE : Board of Revenue (BOR) Sindh has held in abeyance its recent decision of blacklisting National Engineering Services Pakistan (Nespak) in connection with construction of three Revenue Staff colonies in...

Export facilitation centre set up.
February 22, 2002... Byline: RECORDER REPORT KARACHI : The Collectorate of Customs (Export) has set up an Export Facilitation Centre (EFC) at M.I. Yard, West Wharf, for expeditious processing of export documents under one roof. Under the computerised...

Pak-German collaboration in science underscored.
February 22, 2002... Byline: IKRAMUL HAQ ISLAMABAD : The revival of Pak-German collaboration in diverse scientific fields, between the German institutions and universities with their counterparts in Pakistan, was stressed at the Alexander von Humbolt Seminar...

'Canadians have no fears in doing business with Pakistan'.
February 22, 2002... Byline: RECORDER REPORT LAHORE : President Canada-Pakistan Business Council, Anwar Merchant has said that there exist no fears in Canada about doing business with Pakistan. Speaking as the leader of an 18-member Canadian...

Romanian team coming to explore investment avenues.
February 22, 2002... Byline: RECORDER REPORT ISLAMABAD : A 25-member Romanian delegation will visit Pakistan from March 1, to discuss possibilities of investment and bilateral trade between the two countries. Romanian Ambassador to Pakistan, Emil...

Motor dealers for cutting car prices.
February 22, 2002... Byline: ANWAR RAJANI KARACHI : Motor dealers have urged President General Pervez Musharraf to direct car assemblers to pass on the benefit of the rupee appreciation to the middle class people who are unable to buy small motor cars. ...

Lahore High Court stay order violated: Ibrahim elected new Pakistan Cotton Ginners Association chairman.
February 22, 2002... Byline: RECORDER REPORT KARACHI : A new chairman of the Pakistan Cotton Ginners Association (PCGA) is said to have been elected in violation of a Lahore High Court stay order. Sources in the cotton industry said that 400 ginners...

Debarring of auditors: Body to study implications of Securities and Exchange Commission of Pakistan order.
February 22, 2002... Byline: RECORDER REPORT KARACHI : The Institute of Chartered Accountants of Pakistan (ICAP) has formed a committee to study the implications of the recent Securities Exchange Commission of Pakistan (SECP) order of debarring auditors...

Views of Chambers Federation sought on labour laws for final draft.
February 22, 2002... Byline: IQBAL MIRZA KARACHI : The industries & production ministry has sought the views of the president, Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on the draft labour laws on (a) conditions of Employment...

5 members of a family shot dead.
February 22, 2002... MULTAN : Five members of a family, including father, mother and sons, were shot dead by four unidentified assassins in Chak No: 110/12-L, Chichawatni, district Sahiwal, some 140-km east of Multan in the wee hours of Thursday. Qaiser...

Shahzad Aslam made Air Vice Marshal.
February 22, 2002... RAWALPINDI : The Government of Pakistan has promoted Air Commodore Shahzad Aslam Chaudhry to the rank of Air Vice Marshal, says a notification issued by the Ministry of Defence here on Thursday. Air Vice Marshal Shahzad Aslam Chaudhry was...

Revenue Board selects cases for total audit under Self Assessment Scheme.
February 22, 2002... Byline: RECORDER REPORT ISLAMABAD : The Central Board of Revenue (CBR) has selected some cases filed under Self Assessment Scheme (SAS) 2001-2002 through computerised random ballot for 'total audit', here on Thursday. The computer...

Computer balloting for total audit.
February 22, 2002... Byline: RECORDER REPORT KARACHI : In the Corporate/Southern Region of Income Tax through random computerised draw 11,766 were picked up on Thursday for total audit. A.Q. Khalil, President of the Karachi Chamber of Commerce and Industry,...

Pearl's abductors identified, but elude arrest: minister.
February 22, 2002... ISLAMABAD : Interior Minister Moinuddin Haider on Thursday said the kidnappers of the missing American journalist, Daniel Pearl, have been identified, but are eluding arrest by using fictitious names. "The abductors are using several...

Qazi takes over charge of Director General Research, Sindh.
February 22, 2002... Byline: RECORDER REPORT HYDERABAD : Qazi Suleman Memon has taken over the charge of Director General (DG) Research, Sindh vide a notification No SO-1(SGA&CD)-/8/01. Agriculturists and abadgars are advised to contact on phone number...

'Khushhal Pakistan' to be slogan of Pakistan Muslim League (QA) during polls.
February 22, 2002... ISLAMABAD : Pakistan Muslim League (QA) has decided to adopt "Pehlay Pakistan aur Khushhal Pakistan' slogan in its campaign during the forthcoming general elections. She said that this decision was taken by the party leadership aimed at...

House Building Finance Corporation introduces new investment scheme.
February 22, 2002... KARACHI : Following the promulgation of HBFC (Amendment) Ordinance-2001 in November 2001, the House Building Finance Corporation (HBFC) has begun its new investment scheme "Ghar Aasan". Based on "Diminishing Musharika (Partnership)" the...

Chinese magazine lauds Musharraf's polices.
February 22, 2002... ISLAMABAD : A leading Chinese magazine "World Affairs" in a report on Pakistan has lauded President Musharraf's bold policies in the wake of Sept 11 events, concluding that his stand has earned a new prominent place for the country in the...

Pakistan world's largest tea importer.
February 22, 2002... KARACHI : Pakistan was the largest importer with just over 63 million kilograms of tea in the world in year 2001. According to statistics of tea export figures released by East African Tea Traders Association (EATTA) from Kenya for...