Business Recorder articles from February 2009

Business Recorder archives from February 2009

The Weather.
February 27, 2009... Byline: RECORDER REPORT The weather report on Thursday (February 26, 2009) and the forecast for Friday (February 27, 2009). ============================================== Cities Max Min Humidity Rain...

LME official plastics prices.
February 27, 2009... Byline: RECORDER REPORT The following were Wednesday official prices. =============================================================================== PP PA PE PN North LL LA LE LN North Global Asia Europe America Global Asia Europe...

Bullion Rates.
February 27, 2009... Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (February 26, 2009). ================================== In rupees per 10 gram ================================== KARACHI...

LME official prices.
February 27, 2009... Byline: RECORDER REPORT The following were Wednesday official prices. ================================================================================================== Aluminium Aluminium Copper Lead Nickel Tin Zinc Nasaac Alloy...

Poultry rates.
February 27, 2009... Byline: RECORDER REPORT Wholesale poultry rates on Thursday (February 26, 2009) and for Friday (February 27, 2009). Eggs: Rs 1650/1655 per 30 dozen; Broiler Birds (live): Rs 128 per kilogram; Cull Birds (live): Rs 54 per kilo. ...

Cotton Spot Rates.
February 27, 2009... Byline: RECORDER REPORT Official KCA spot rates for local dealings in Pakistan rupees on Thursday (February 26, 2009). =========================================================== The KCA Official Spot Rate for Local Dealings in Pak...

Hides and skin rates.
February 27, 2009... Byline: RECORDER REPORT Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Thursday (February 26, 2009). ============================================= HIDES =============================================...

National Commodity Exchange Trading Summary.
February 27, 2009... Byline: RECORDER REPORT National Commodity Exchange Limited Trading Summary on Thursday (February 26, 2009). ========================================================================================================================...

Shipping Intelligence.
February 27, 2009... Byline: RECORDER REPORT Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (February 26, 2009). PORT QASIM INTELLIGENCE ...

Kerb buying and selling rate of US dollar.
February 27, 2009... Byline: RECORDER REPORT Dollar buying and selling rate in the kerb market in rupees on Thursday (February 26, 2009). ================================ Open Buying Rs 79.70 Open Selling Rs 80.00 ================================ ...

Dollar's rate in interbank market.
February 27, 2009... Byline: RECORDER REPORT Interbank closing rates for dollar on Thursday (February 26, 2009). ============================== Buying Rs 79.85 Selling Rs 79.90 ============================== Copyright 2009 Business Recorder

THE RUPEE: dollar moves both ways.
February 27, 2009... Byline: RECORDER REPORT Rates moved both ways on the currency market on Thursday in process of active trading, dealers said. On the interbank market the rupee gained three paisa against dollar for buying at 79.85 while it did not show...

Bank: FAYSAL BANK LIMITED Analysis of Financial Statements December 2005 - September 2008.
February 27, 2009... Advances growth of the banking system jumped by 20 percent YoY in FY08 to date fuelled by the borrowing from agriculture and power sectors while overall deposits to the banks fell to Rs 3.67 trillion compared to Rs 3.77 trillion, decreasing...

All shares index report.
February 27, 2009... Byline: RECORDER REPORT The sector-wise all shares index report on Thursday (February 26, 2009). ======================================================================================================================== ==== ALL...

BRIndex30 and BR Sectoral Indices.
February 27, 2009... Byline: RECORDER REPORT BRIndex30 and BR Sectoral Indices on Thursday (February 26, 2009). =================================== BR INDICASE AT A GLANCE =================================== BRINDEX30 -...

Mutual Funds Association of Pakistan.
February 27, 2009... Byline: RECORDER REPORT Mutual Funds Association has issued open-end funds daily prices for Friday (27 February 2009) PENSION FUNDS (OPEN-END FUNDS): CLOSED-END FUND NAVs: ...

Despatch of dividend warrants.
February 27, 2009... Byline: RECORDER REPORT Dates of despatch of dividend warrants and bonus share certificates. ==================================================================================== Company Year Ended/Ending Dividend/Bonus Dispatched...

BOARD MEETINGS.
February 27, 2009... Byline: RECORDER REPORT Board Meetings of Companies listed on the Karachi Stock Exchange. ==================================================================== Name of Company Date Time...

Board meetings in progress.
February 27, 2009... Byline: RECORDER REPORT Board Meetings in Progress of Companies listed on the Karachi Stock Exchange. ================================================================================== COMPANY SCHEDULED ON TIME TO CONSIDER R E M A...

Board Meetings.
February 27, 2009... Byline: RECORDER REPORT Board Meetings of Companies listed on the Karachi Stock Exchange. =================================================================================== Company SCHEDULED ON TIME PLACE TO CONSIDER...

Shares buy-back schedule.
February 27, 2009... Byline: RECORDER REPORT Shares buy-back schedule of listed companies on Thursday (February 26, 2009). ======================================================================================= Company Re-Purchase From To Member...

Last date of renunciation/payment.
February 27, 2009... Byline: RECORDER REPORT Last dates of renunciation/payment. =============================================================================== LAST DATE FOR RENUNCIATION/PAYMENT...

Clearing Schedule for T+2 System.
February 27, 2009... Byline: RECORDER REPORT Karachi Stock Exchange's Clearing Schedule for T+2 System. ================================================================ CLEARING SCHEDULE FOR T+2 SYSTEM FOR THE MONTHS OF JANUARY & February 2009...

Proposed right issues.
February 27, 2009... Byline: RECORDER REPORT Right issues proposed by companies listed on Karachi Stock Exchange. =============================================================== PROPOSED RIGHT ISSUE...

EFU Aitemad Growth Fund Rates.
February 27, 2009... Byline: RECORDER REPORT EFU Aitemad Growth Fund Rates on Thursday (February 26, 2009). ============================= Offer price 506.59 Bid Price 481.26 ============================= Copyright 2009 Business Recorder

EFU Capital Growth Fund Rates.
February 27, 2009... Byline: RECORDER REPORT EFU Capital Growth Fund Rates on Thursday (February 26, 2009). ============================= Offer price 189.40 Bid Price 179.93 ============================= Copyright 2009 Business Recorder

EFU Managed Growth Fund Rates.
February 27, 2009... Byline: RECORDER REPORT EFU Managed Growth Fund Rates on Thursday (February 26, 2009). ============================= Offer price 600.06 Bid price 570.05 ============================= Copyright 2009 Business Recorder

EFU Pension Growth Fund Rates.
February 27, 2009... Byline: RECORDER REPORT EFU Pension Growth Fund Rates on Thursday (February 26, 2009). ============================= Offer price 112.03 Bid price 106.42 ============================= Copyright 2009 Business Recorder

NJLI MEESEQ Fund Rates.
February 27, 2009... Byline: RECORDER REPORT NJLI Meeseq Fund Rates on Thursday (February 26, 2009). ============================= Offer price 469.18 Bid Price 445.71 ============================= Copyright 2009 Business Recorder

NJLI Sarmaya Growth Fund Rates.
February 27, 2009... Byline: RECORDER REPORT New Jubilee Life Insurance Sarmaya Growth Fund Rates on Thursday (February 26, 2009). ============================== Offer Price 180.16 Bid Price 171.14 ============================== Copyright 2009...

NJLI Managed Growth Fund Rates.
February 27, 2009... Byline: RECORDER REPORT New Jubilee Life Insurance Managed Growth Fund Rates on Thursday (February 26, 2009). ============================= Offer Price 394.30 Bid Price 374.57 ============================= Copyright 2009...

US treasuries bid yields.
February 27, 2009... Byline: RECORDER REPORT US treasuries bid yields on Thursday (February 26, 2009). =========================================================================== US TREASURIES (BID YIELDS)...

US treasuries bid prices.
February 27, 2009... Byline: RECORDER REPORT US treasuries bid prices on Thursday (February 26, 2009). ========================================================================================== US TREASURIES (BID PRICES)...

Currency values in terms of Special Drawing Rights.
February 27, 2009... Byline: RECORDER REPORT The International Monetary Fund (IMF), treasuries' department's currency values in terms of Special Drawing Rights (SDR). ======================================================================================...

Open market rates of foreign currencies.
February 27, 2009... Byline: RECORDER REPORT Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Thursday (February 26, 2009). ========================================================================= CURRENCY BUYING...

Spot dollar rates.
February 27, 2009... Byline: RECORDER REPORT Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Thursday (February 26, 2009). ======================================= Ex Interbank Rate PKR against USD ======================================= BID...

London Interbank Offered Rates.
February 27, 2009... Byline: RECORDER REPORT London Interbank Offered Rates (LIBOR) on Thursday (February 26, 2009). ========================================================= Rates at 11:00 London time Thursday (February 26, 2009)...

Banks' rates for currency notes (buying and selling).
February 27, 2009... Byline: RECORDER REPORT The selling/buying rates for currency notes of major currencies issued by National Bank (NBP) here on Thursday (February 26, 2009). =================================== Selling Buying...

Money Market Report.
February 27, 2009... Byline: RECORDER REPORT Money market report by Khadim Ali Shah Bukhari & Co on Thursday (February 26, 2009). DAILY MONEY MARKET COMMENTS: Money market initiated at the level of 8.50% - 9.50%. In Call most of the deals were done...

Bill buying rates per unit of currency.
February 27, 2009... Byline: RECORDER REPORT Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Thursday (February 26, 2009). ...

LIBOR calculating interest on US dollar.
February 27, 2009... Byline: RECORDER REPORT London Interbank Offer Rates on for calculating interest on special US dollar on Thursday (February 26, 2009). ========================================= BONDS LIBOR VALUE...

Interest rates on old and incremental FCY deposits.
February 27, 2009... Byline: RECORDER REPORT Interest rates on old and incremental FCY deposits on Thursday (February 26, 2009). ================== Rates % pa ================== USD 0.1000 GBP 0.1000 ================== Copyright 2009 Business...

Conversion for foreign currency deposits.
February 27, 2009... Byline: RECORDER REPORT Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Thursday (February 26, 2009). =============================================== US DOLLAR...

Currency notes: exchange rates.
February 27, 2009... Byline: RECORDER REPORT Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Thursday (February 26, 2009). ============================================= AUTHORISED...

Exchange rates: buying and selling.
February 27, 2009... Byline: RECORDER REPORT Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Thursday (February 26, 2009). ======================================== Countries Selling Buying Buying TT&OD TT Clean...

State Bank of Pakistan conversion rates.
February 27, 2009... Byline: RECORDER REPORT 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...

Barclays bid rates and maximum rates for payment of interest.
February 27, 2009... Byline: RECORDER REPORT 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) --...

Aaj TV - Friday's schedule.
February 27, 2009... Byline: RECORDER REPORT All timings are in PST (Pakistan Standard Time). 06:00 News Bulletin 06:55 Headline News 07:00 Bolta Pakistan 07:55 News Bulletin 08:55 Headline News 09:00 Aaj Market Morning (Live) 09:45 Beeper Stock Market...

Activity at Karachi and Qasim ports.
February 27, 2009... Byline: RECORDER REPORT The Karachi Port handled 96,075 tonnes of cargo including 72,668 tonnes of import and 23,407 tonnes of export, 3,646 loaded and empty containers (TEUs) during last 24 hours ending at 0700 hours on Thursday. The...

Spot rate slips further in thin trade on cotton market.
February 27, 2009... Byline: RECORDER REPORT Spot rate continued fall for the second day on the cotton market on Thursday amid lacklustre trading, dealers said. The official spot rate shed Rs 25 to Rs 3300, they said. The phutti prices in both the Punjab and...

Prices move both ways on grain, seed market.
February 27, 2009... Byline: RECORDER REPORT Prices moved both ways on the commodities wholesale market on Thursday as some buyers were active to meet the urgent needs, dealers said. On the grams side bajra low type shed Rs 25 to Rs 1650 and good type was...

Kirana items move down on Jodia Bazaar.
February 27, 2009... Byline: RECORDER REPORT The trading in Kirana items moved down on Jodia Bazaar here on Thursday. The following variations were noted. KIRANA ITEMS (Per 40 kg): Black pepper Singapore edged down by Rs 400 to Rs 7,800, black pepper...

Cotton market suffers slump.
February 27, 2009... Byline: DR ZAFAR HASSAN Slack conditions have entered the cotton market following regular declines in New York cotton futures prices, continuing adverse conditions in the domestic textile industry, credit crunch being faced by the cotton...

SKMCH cancer symposium opens.
February 27, 2009... Byline: RECORDER REPORT The eighth cancer symposium of Shaukat Khanum Memorial Cancer Hospital and Research Centre (SKMCH) was opened on Thursday. The symposium, is organised after every two years to educate the medical community about...

UHS MBBS supplementary results announced.
February 27, 2009... Byline: RECORDER REPORT The University of Health Sciences (UHS) has declared the result of third professional MBBS supplementary examination on Thursday. A total of 530 candidates of 11 affiliated medical colleges appeared in the...

Chehlum.
February 27, 2009... Byline: RECORDER REPORT Chehlum ceremony of father of Justice Fazal-e-Miran Chauhan, Professor Muhammad Abdul Ghani Chauhan will be held on March 01 at 39-Ahmad Block Garden Town. He passed away on January 25, 2009. Quran Khani will be...

Punjab University hails services of Dr Atta.
February 27, 2009... Byline: RECORDER REPORT Punjab University faculty has eulogised the unmatchable services of Dr Atta-ur-Rehamn rendered for the cause of higher education. Former Chairman of Higher Education Commission Dr Atta-ur-Rehman, who visited...

KBP's meeting on February 28.
February 27, 2009... Byline: RECORDER REPORT Kisan Board Pakistan (KBP) has decided to convene a meeting of its provincial general council on Saturday (tomorrow) to discuss the problems being faced by the farmers and line of action for the forthcoming wheat...

Seminar on 'History of Indus River System'.
February 27, 2009... Byline: RECORDER REPORT The Faculty of Fisheries and Wildlife of the University of Veterinary and Animal Sciences Lahore arranged a seminar on "History of the Indus River System" on the City Campus here on Thursday. Vice-Chancellor...

Higher oil price, markup main source of inflation.
February 27, 2009... Byline: MUHAMMAD RIAZ The inflation will not slide down till the government passes oil price decline to the consumer that is a basic input in the agriculture, industry and transport sectors of the country and reduce mark up rate. The oil...

French court seizes accounts of Gabon's president.
February 27, 2009... An appeals court in the French city of Bordeaux has frozen some 4.2 million euros (5.37 million dollars) in two French bank accounts belonging to the president of Gabon, Omar Bongo, the daily Sud Ouest reported on Thursday.The court wants to...

IIU convocation on April 11.
February 27, 2009... The International Islamic University (IIU) plans to hold its seventh convocation here on April 11. Director Academic and Planning and Chairman Convocation Management Committee, Gulzar Ahmed Khawaja told newsmen here on Thursday that over...

Fire erupted in Marriott due to short circuit: NDMA.
February 27, 2009... Byline: RECORDER REPORT National Disaster Management Authority (NDMA) has stated that the fire was erupted in Marriott hotel due to short circuit, as renovation and electricity repairing work was continuing in one portion of the hotel...

LHC Chief Justice summons Railways chairman, others.
February 27, 2009... Byline: RECORDER REPORT Chief Justice Lahore High Court, Justice Syed Zahid Hussain here Thursday summoned Chairman Pakistan Railways Board and others for March 04 in a petition challenging the suspension of train service on Narowal-Chak...

OGDCL to drill 100 new exploratory wells this year.
February 27, 2009... The Oil and Gas Development Company Limited (OGDCL), under the directive of Adviser to Prime Minister on Petroleum and Natural Resources, will drill 100 new oil and gas exploratory wells this year to meet the growing energy demand. In this...

Photographic exhibition of holy relics being held.
February 27, 2009... Byline: RECORDER REPORT In connection with Rabi-ul-Awal, Lahore Museum in collaboration with TOPKAPI Meseum, Istanmbul Turkey has arranged a photographic exhibition of the Holy Relics of the last Prophet, Hazrat Muhammad (SAWW) and other...

Dr Khalid declared best productive scientist.
February 27, 2009... Byline: RECORDER REPORT The Dean, Faculty of Arts and Social Sciences, Government College University (GCU) Lahore, Professor Dr Khalid Pervaiz was declared as the best productive scientist of Pakistan. The declaration has brought great...

58 police officials receive cash prizes, commendatory certificates.
February 27, 2009... Byline: RECORDER REPORT The Capital City Police Officer (CCPO), Muhammad Pervaz Rathore has awarded cash prizes and commendatory certificates to 58 police officers and officials for their remarkable performance on his last working day in...

Trucks loaded with goods reach Poonch from AJK.
February 27, 2009... A day after Poonch traders dispatched goods to Azad Kashmir, the traders from other side of the Line of Control (LoC) sent two trucks loaded with goods worth 5 lakhs rupees. According to Kashmir Media Service, Azad Kashmir traders sent two...

PPP in favour of coalition government in Punjab: Khursheed.
February 27, 2009... Minister for Labour and Manpower Syed Khursheed Ahmed Shah said on Thursday that Pakistan Peoples Party (PPP) is in favour of coalition government in Punjab and wanted to strengthen democratic institutions in the country. Talking to a private...

'Government to evolve strategy to defeat extremists, terrorists'.
February 27, 2009... Minister of State for Communication Chaudhry Imtiaz Safdar Warraich said on Thursday that Pakistan will evolve comprehensive strategy with the consultation of allies to defeat extremists and terrorists from the region. Talking to state TV in...

'Government providing friendly atmosphere to investors'.
February 27, 2009... Federal Minister for Population Welfare, Dr Firdous Ashiq Awan, has said that foreign investors are coming in Pakistan for investment because of a conducive atmosphere in Pakistan. Many Projects have been launched in collaboration with...

'Government taking steps to protect minorities rights'.
February 27, 2009... Federal Minister for Minorities' Affairs Shahbaz Bhatti has said the government is taking concrete steps for the welfare of minorities according to the vision of Quaid-e-Azam Muhammad Ali Jinnah and PPP leader Shaheed Benazir Bhuttoo. He...

Dinner hosted in honour of Pakistani, Afghan foreign ministers.
February 27, 2009... Secretary of State Hillary Clinton hosted a dinner for Pakistani and Afghan foreign ministers here on Wednesday where the diplomats had discussions on crafting a comprehensive way forward in the insurgency-hit Pak-Afghan border regions. The...

Government formation in Punjab: presidency in contact with PML-Q.
February 27, 2009... Byline: ZULFIQAR AHMAD The Presidency has initiated contact with Pakistan Muslim League-Quaid (PML-Q) regarding formation of government in Punjab and in this regard backdoor negotiations are underway, Business Recorder learnt on...

Qasim Zia advises Sharifs to accept Supreme Court verdict.
February 27, 2009... Pakistan People's Party leader Qasim Zia said PPP believes in negotiated settlement of issues and the doors of PPP leadership are opened for the PML-N leadership. And Sharif Brothers should accept Supreme Court's decision as its not against...

Progress of IMF programme on track: Waqar.
February 27, 2009... Secretary Finance Dr Waqar Masood Khan said on Thursday that International Monetary Fund (IMF) review meeting in Dubai has consented that Pakistan's progress on funds programme is on track. "The IMF has expressed its satisfaction over the...

Speedy development of AJK and Northern Areas top priority: Kaira.
February 27, 2009... Federal Minister for Kashmir Affairs and Northern Areas Qamar-uz-Zaman Kaira has said that speedy development and progress of Azad Jammu & Kashmir and Northern Areas was the top priority of the government of Pakistan. In an exclusive...

PML-N need to display maturity on Supreme Court verdict: Qamar.
February 27, 2009... All political forces including the Pakistan Muslim League-Nawaz (PML-N) leadership need to display political maturity while reacting to the Supreme Court's decision. Syed Naveed Qamar, Federal Minister for Privatisation commented in an...

Senator describes President's visit to China successful.
February 27, 2009... The Senate member-elect from Sindh and former Advisor to Chief Minister, Gul Mohammed Lot has described the recent visit of President Asif Ali Zardari to China as of great significance in view of regional political situation and Pakistan's...

Burns Road Food Street starts today.
February 27, 2009... Saddar Town Municipal Administration is organising a "Food Street" in UC-8, Burns Road as part of Karachi Festival program from February 27 (today) and to continue up to March 1. In this regard decorative gates have been installed at Burns...

UNHCR official visits Kacha Gari camp.
February 27, 2009... The UN refugee agency's Geneva-based operations chief visited Kacha Gari camp in Peshawar this week to witness first hand the plight of Pakistan's displaced people. UNHCR's Assistant HC (Operations) Judy Cheng-Hopkins said that the operation...

World Bank, PD meeting discuss development partnership.
February 27, 2009... A review meeting on development partnership between Government of Sindh and World Bank was held in the Planning and Development Department here on Wednesday. The meeting was attended by Yusupha Crookes, Country Director, Said Ali Habsi and...

Islamic banking: an appraisal.
February 27, 2009... Byline: SHAZIB KHAN (KARACHI) Unfortunately IBIs are doing is anti-Islamic practices and nothing but in fact hypocrisy. This is evident from the Holy Quran as these IBIs just make their products look Islamic by changing their...