Business Recorder articles from February 2011, page 45

Business Recorder archives from February 2011

EFU Pension Growth Fund Rates.
February 1, 2011... Byline: RECORDER REPORT ===================== Offer Price 154.17 Bid Price 146.46 ===================== EFU Pension Growth Fund Rates on Monday (January 31, 2011). Copyright 2011 Business Recorder

EFU Managed Growth Fund Rates.
February 1, 2011... Byline: RECORDER REPORT ===================== Offer Price 800.14 Bid Price 760.13 ===================== EFU Managed Growth Fund Rates on Monday (January 31, 2011). Copyright 2011 Business Recorder

World currencies and euro.
February 1, 2011... Byline: RECORDER REPORT ====================================================== COUNTRY CURRENCY VALUE OF EURO ====================================================== Afghanistan (Afghani) 58.4134 Albania (Lek) 138.970 Algeria (Dinar)...

Pakistan Government International Bonds.
February 1, 2011... Byline: RECORDER REPORT ====================================================================== Pakistan Government International Bonds ====================================================================== Bid Offer Bid Offer Mid...

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

Open market rates of foreign currencies.
February 1, 2011... Byline: RECORDER REPORT ========================================================================= CURRENCY BUYING SELLING CURRENCY BUYING SELLING ========================================================================= US$ O/M 86.00 86.10...

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

London Interbank Offered Rates.
February 1, 2011... Byline: RECORDER REPORT ====================================================== Rates at 11:00 London time Monday (January 31, 2011) ====================================================== USD GBP CAD EUR...

Spot dollar rates.
February 1, 2011... Byline: RECORDER REPORT ======================================= Ex Interbank Rate PKR against USD ======================================= BID OFFER CLOSE ======================================= Ready 85.7000 85.7100 85.7050 1 week...

Exchange rates: buying and selling.
February 1, 2011... Byline: RECORDER REPORT ========================================= Countries Selling Buying Buying TT&OD TT Clean OD/T.CHQ ========================================= USA 85.80 85.60 85.42 UK 136.07 135.76 135.45 EURO 116.68 116.40...

Conversion for foreign currency deposits.
February 1, 2011... Byline: RECORDER REPORT =============================================== US DOLLAR POUND STERLING EURO JAPANESE YEN =============================================== 85.7301 136.1050 117.5702...

Currency notes: exchange rates.
February 1, 2011... Byline: RECORDER REPORT ============================================= AUTHORISED DEALERS' RATES FOR CURRENCY NOTES ============================================= COUNTRY SELLING BUYING ============================================= USA...

LIBOR calculating interest on US dollar.
February 1, 2011... Byline: RECORDER REPORT ========================================= BONDS LIBOR VALUE ========================================= 6 MONTHS US DOLLAR 0.4538 31-01-2011 ========================================= London Interbank Offer Rates...

Interest rates on old and incremental FCY deposits.
February 1, 2011... Byline: RECORDER REPORT ================== Rates % pa ================== USD 0.1000 GBP 0.1000 JPY 0.0000 ================== Interest rates on old and incremental FCY deposits on Monday (January 31, 2011). Copyright 2011 Business...

Interest rates on new foreign currency deposits.
February 1, 2011... Byline: RECORDER REPORT ================================================= INTEREST RATES ON NEW FOREIGN CURRENCY DEPOSITS US DOLLAR ================================================= PERIOD FOR THE MONTH OF JANUARY 2011 %...

Bill buying rates per unit of currency.
February 1, 2011... Byline: RECORDER REPORT ======================================================================== BILL BUYING RATES PER UNIT OF CURRENCY ======================================================================== Bill 30 Days 60 Days 90 Days...

Banks' rates for currency notes (buying and selling).
February 1, 2011... Byline: RECORDER REPORT =================================== Selling Buying =================================== US DOLLAR 86.66 84.56 SAUDI RIYAL 23.11 22.54 UK POUND STG 137.44 134.09 JAPANESE YEN 1.0561 1.0301 EURO 117.84...

Money Market Report.
February 1, 2011... Byline: RECORDER REPORT Money market report by Khadim Ali Shah Bukhari & Co on Monday (January 31, 2011). DAILY MONEY MARKET COMMENTS: Money market initiated at the level of 13.00% -13.25%.In Repo, major deals were done in the range of...

State Bank of Pakistan conversion rates.
February 1, 2011... Byline: RECORDER REPORT ========================== US Dollar 85.7301 Pound Sterling 136.1050 Euro 117.5702 Japanese Yen 1.0371 ========================== Rates applicable for conversion into rupees of Foreign Currency Deposits,...

Barclays bid rates and maximum rates for payment of interest.
February 1, 2011... Byline: RECORDER REPORT ======================================================== INTEREST PAYABLE ON FE DEPOSITS ======================================================== BBA BID MAXIMUM RATES RATES FOR PAYMENT OF INTEREST...

Aaj TV - Tuesday's schedule.
February 1, 2011... Byline: RECORDER REPORT 06:00 News Bulletin 06:25 Headline News 06:30 Meri Jiddojehed 06:55 Headline News 07:00 Bolta Pakistan 07:25 Headline News 07:30 Bolta Pakistan 07:55 News Bulletin 08:25 Headline News 08:30 Aaj Market Morning (Live)...

Oil cake market rates.
February 1, 2011... Byline: RECORDER REPORT Bearish trend was witnessed on the forward cottonseed oilcake market on Monday in process of trading, dealers said. The March vaida that had shown no change at close at Rs 1237.30 opened with a loss of 20 paisa at Rs...

Chemical items mixed on Jodia Bazar.
February 1, 2011... Byline: RECORDER REPORT The trading in chemical items closed mixed on Jodia Bazar here on Monday. The following changes were noted. CHEMICAL ITEMS (Per kg): Caustic soda flakes Saudi was quoted at Rs 46, sodium sulphate edged higher by 50...

Transaction at low level as ginners not ready to lower asking prices.
February 1, 2011... Byline: RECORDER REPORT Slow trading was seen on the cotton market on Monday as the ginners were not prepared to bring down prices, instead they are hoping for better profit due to shortage of crop, dealers said. The Karachi Cotton...

A few changes seen in thin business on grain market.
February 1, 2011... Byline: RECORDER REPORT Business was seen at low level on the wholesales grain and seed market on Monday in process of trading, dealers said. On the cereal side, barley Sindh and Mardan was quoted at Rs 2600-2650, wheat old Bardan registered...

Activity at Karachi and Qasim ports.
February 1, 2011... Byline: RECORDER REPORT The Karachi Port handled 283,711 tonnes of cargo including 172,164 tonnes of import cargo, 111,694 tonnes of export cargo, 5,552 loaded and empty containers during last 48 hours ended at 0700 hours on Monday. The total...

Royal Palm Floodlit Cricket Tournament from today.
February 1, 2011... Byline: RECORDER REPORT The 4-day Royal Palm Floodlit Cricket Tournament will get underway here at the Royal Palm Golf and Country Club from Tuesday (today). As many as 16 cricket teams are participating in the tournament to played on...

NH&MP get first position in Cholistan jeep rally.
February 1, 2011... Byline: RECORDER REPORT National Highways and Motorway Police N-5 Central has secured overall first position in Cholistan Desert Jeep Rally in 1300 cc and above category. NH&MP Senior Patrol officer Zargam Atta and technical staff of...

Pakistan one change in fourth ODI against New Zealand.
February 1, 2011... Pakistan and New Zealand will face off in Mcleans Park, Napier in fourth One Day Cricket International Tuesday as series is at even-stevens after Pakistan's victory at Christchurch on Saturday. Pakistan showed their real aggression in third ODI...

Pakistan captain for ICC World Cup to be named on February 4: Butt.
February 1, 2011... Pakistan's captain for next month's ICC Cricket World Cup in the sub-continent would be named on February 4, a day before the final match of their ongoing one-day series in New Zealand, Pakistan Cricket Board President Ijaz Butt said. Talking to...

Pakistan's sports isolation ends with arrival of Palestine, Malaysian football teams.
February 1, 2011... Byline: RECORDER REPORT Two foreign football teams ie Palestinian National team and Malaysian team will be touring Pakistan in March to mark return of international soccer teams to the country. Palestinian National team will face Pakistan in...

FROM A RINGSIDE SEAT.
February 1, 2011... Byline: NAVEED BUTT The issue of minorities about kidnapping for ransom in Sindh province was raised in the National Assembly but the government did not give any response to it and remained tight lipped. In the previous session of National...

Government warned of Tunisia, Egypt like mutiny if failed to resolve issues: Alarm bells in National Assembly.
February 1, 2011... Byline: RECORDER REPORT Alarm bells rang in the National Assembly on Monday when lawmakers warned the government of Tunisia or Egypt like situation if failed to address the issues being faced by the people. Corruption, Extremism,...

President's dual offices: petition against Sindh, Khyber Pakhtunkhwa assembly speakers dismissed.
February 1, 2011... Byline: RECORDER REPORT A full bench of Lahore High Court (LHC) here on Monday dismissed a contempt petition against the speakers of Sindh and Khyber Pakhtunkhwa assemblies for passing a resolution in favour of President, Asif Ali Zardari on...

Invitation for Salmaan Taseer's Chehlum: privilege motion moved in Senate.
February 1, 2011... Byline: RECORDER REPORT Dubbing the late governor Punjab Salman Taseer as a 'blasphemer,' Senator Humayun Mandokhel on Monday moved a privilege motion in Senate against a female civil society activist, but deputy chairman Senate reserved his...

Senate divided on restoration of Friday as a weekly holiday.
February 1, 2011... Byline: ALI HUSSAIN The Senate remained divided on the restoration of Friday as weekly holiday amid procedural controversy when presiding officer ruled a private member bill as rejected after it was opposed by the House, which sought...

Spot Fixing allegations: three cricket players suspended by ICC.
February 1, 2011... Byline: RECORDER REPORT Minister for Sports Mir Aijaz Hussain Jakhrani has informed the National Assembly on Monday that three players of Pakistan Cricket Team have been suspended by International Cricket Council (ICC) including Sulman Butt,...

US urged to help quicken pace of economic development: Prime Minister.
February 1, 2011... Prime Minister Syed Yousuf Raza Gilani while reaffirming Pakistan's strong commitment to defeat the forces of terrorism has stressed that military gains in that war cannot be consolidated unless the people of the cleared areas see socio-economic...

PRSP-II aims to steer Pakistan's economic growth back to 5-7 percent.
February 1, 2011... The overall vision of Poverty Reduction Strategy Paper (PRSP-II) is to steer Pakistan's economic growth back to the range of 5-7 percent per year by stimulating growth in the production sector; creating adequate employment opportunities,...

Early implementation of the agenda sought: deadline extension not in national interest, says PML-N.
February 1, 2011... Byline: RECORDER REPORT Pakistan Muslim League-Nawaz (PML-N) in a meeting at Raiwind residence of PML-N Quaid Nawaz Sharif expressed concern over the country's economic situation and called upon the PPP-led government to take immediate...

Rehman announces setting up of co-ordination committee: steps to eliminate money extortion, target killing.
February 1, 2011... Byline: RECORDER REPORT Federal Minister for Interior, A Rehaman Malik has announced a co-ordination committee to work for eliminating extortion of money and target killing from the city. Speaking at a meeting of Karachi Chamber of Commerce...

Two power transformers installed at Shahpur, Piplan grid stations.
February 1, 2011... Byline: RECORDER REPORT Grid Station Construction (GSC) directorate of Fesco has installed and commissioned two power transformers of double capacity at 132-KV Shahpur and Piplan grid stations. Sheikh Akhtar Hussain Manager (GSC) said that a...

Industrial issues to be resolved on priority basis: Khosa.
February 1, 2011... Byline: RECORDER REPORT Punjab Governor, Sardar Latif Khosa has said issues relating to industry will be resolved on priority basis, as industry's friendly strategies can put the country on the path of progress and prosperity. He was talking...

Faisalabad region: gas supply to industries remains suspended for second day.
February 1, 2011... Byline: RECORDER REPORT Gas supply to industrial units in Faisalabad region remained suspended on second consecutive day on Monday, in accordance with the gas load management (GLM) schedule, resulting in tough financial challenge for daily...

Shahbaz, Khosa pledge to work for province's uplift.
February 1, 2011... Byline: MUHAMMAD SALEEM Punjab Governor, Sardar Latif Khosa and Chief Minister, Shahbaz Sharif in a meeting here on Monday expressed the resolve to work together with the spirit of mutual understanding for ultimately benefiting public at...

Paapam accuses government of destroying auto industry.
February 1, 2011... Byline: M RAFIQUE GORAYA Aamir Allawala, Chairman and Nabeel Hashmi, Vice Chairman, Pakistan Association of Automotive Parts and Accessories Manufacturers (Paapam), has said almost 400 manufacturers of automobile components employing over...

Zafarullah Chaudhry re-elected CPSP President.
February 1, 2011... Byline: RECORDER REPORT Professor Zafarullah Chaudhry has been re-elected President of the College of Physicians & Surgeons Pakistan (CPSP) for the term 2011-14. Also, Professor Khalid Masood Gondal and Professor Tariq Mahmood Khan have...

Partly Facetious: Pakistan and Yemen are not Egypt.
February 1, 2011... Byline: ANJUM IBRAHIM "Pakistan is not Egypt, thundered our mild mannered Prime Minister." "He is right those who the people of Egypt and Tunisia have been protesting against have been in power for decades and..." "So?" "Our PM has...

LCCI to hold Economic Dialogue 2011 today.
February 1, 2011... Byline: RECORDER REPORT In an attempt to explore all available solutions to the ongoing economic crisis, the Lahore Chamber of Commerce and Industry (LCCI) is holding Economic Dialogue 2011 on Tuesday (today). The Economic Dialogue 2011 is...

ICAP announces Chartered Accountants final examinations winter 2010 results.
February 1, 2011... ================================== Candidates passed ================================== 4017534 4017790 4018827 4020176 4020654 4021047 4021191 4021401 4021715 4025619 4027532 4027964 4029166 4029277 4029292 4029363 4029668 4029726 4029950...

Construction of KBD: Supreme Court asked to direct CCI to build consensus.
February 1, 2011... Byline: RECORDER REPORT A petition has been filed in the supreme court seeking court directions for Council of Common Interests (CCI) to build consensus among the federating units for Kalabagh Dam. The petition was filed by President...

Davis vs Dr Aafia.
February 1, 2011... Byline: N A KHAN (KARACHI) There is a lesson to be learnt, how the US government, from top to bottom, has come into motion to rescue a contract employee of the American embassy, of the level of a guard, who has murdered three Pakistani...

Special Supreme Court bench to hear banks' plea.
February 1, 2011... Byline: ABBAS ALI MOHAMMAD (KARACHI) This has reference to the news item wherein it says that a special bench of the Supreme Court will hear appeals by various financial institutions that banks should continue to enjoy powers to sell...

Palestinians watch Egypt protests with baited breath.
February 1, 2011... Byline: SARA LEMEL Dramatic scenes of protest across Egypt, which on Sunday entered their sixth day, have sent shockwaves across the Arab world. The possible fall of Egyptian President Hosny Mubarak would have implications not just within the...

Spotlight: 'Now it will never be the same again!': What the stars foretell!
February 1, 2011... Byline: WAJID NAEEMUDDIN What the stars (or other heavenly bodies for that matter) foretell!? Wrong expression! I use it only as a metaphor. Those heavenly objects adorn the sky and do not tell or foretell anything. They are merely there to...

Let's change the game.
February 1, 2011... Byline: A B SHAHID Traditionally, stabilising prices and striving for fuller employment were the accepted objectives of the monetary policy. It took economists a while to realize that unless fiscal policy objectives are aligned with monetary...

Service structure issue: paramedics threaten countrywide strike.
February 1, 2011... Byline: ABDUL RASHEED AZAD The paramedics working in federal hospitals on Monday threatened to launch a countrywide strike if the government did not implement the decision with regard to their service structure in a month. The government had...

Substandard products won't be tolerated: minister.
February 1, 2011... The sub-standards preparation of goods would not be tolerated in any case. The Federal Minister for Science and Technology Syed Aftab Shah Jilani said this during his visit to Pakistan Standards and Quality Control Authority (PSQCA), Head...

SBP's MPS: Misplaced optimism?
February 1, 2011... On balance, the State Bank's decision on 29th January, 2011 to keep the policy rate unchanged at 14 percent may not be very unjustified, but some of the reasons given for this decision are based on hopes that are not likely to materialise....

The exceptional 10 years for Ufone.
February 1, 2011... Ufone celebrated its 10th anniversary on 29th January with great fervour. This day is memorable for all as 10 years ago the launch of Ufone was the dawn of a revolution within the telecom industry. Ufone started out as a service for the masses...

PQA for waiving unjustified water charges.
February 1, 2011... Patron-in-Chief/Founder President of Bin Qasim Association of Trade and Industry, Mian Muhammed Ahmed has requested the competent officials of Port Qasim Authority for waiver of unjustified water charges, which are being taken by it from the...

Entry-level awards: ACCA launches Foundations in Accountancy.
February 1, 2011... ACCA has launched Foundations in Accountancy, a new flexible suite of entry-level awards, designed to meet the needs of both students and employers. Foundations in Accountancy was created after detailed consultation with employers, learning...

Narcotics, contraband goods torched.
February 1, 2011... Pakistan Customs Karachi, along-with world customs fraternity, observed "International Customs Day" on 26th January 2011. In this connection, the event of destruction of narcotics and contraband goods was held at Neelum Point, Hawksbay, Karachi...

'HCCI to resolve issues of cloth merchants'.
February 1, 2011... Byline: RECORDER REPORT Goharullah, President of Hyderabad Chamber of Commerce & Industry (HCCI), while speaking at an address to the traders, business community and members of Muslim Cloth Merchant Union, Hyderabad said that he will not...

Blast damages Levies' checkpost in Kohlu.
February 1, 2011... An explosion partially damaged the building of a levies checkpost in Kohlu on Monday. According to local officials, unknown miscreants had planted explosives with the wall of Jiwni Levies Checkpost, which exploded and damaged the building...

General Peteaus calls on General Kayani.
February 1, 2011... Byline: RECORDER REPORT General David H Petreaus, Commander International Security Assistance Force (ISAF) called on Chief of Army Staff, General Ashfaq Parvez Kayani on Monday at General Headquarters and discussed matters of professional...

PQFTL registers 120 percent growth in business.
February 1, 2011... Pak-Qatar Family Takaful (PQFTL) has recorded 120 percent growth in its Takaful business in year 2010 which grew to Rs 1.04 billion as compared to previous year's Rs 466 million. According to a press release issued here on Monday, the PQFTL...

Khushhali Bank deploys Oracle human capital management.
February 1, 2011... Khushhali Bank, Pakistan's premiere microfinance bank, has successfully deployed Oracle Human Capital Management enabling its HR department to expedite the recruitment process and evaluation of its staff performance. Khushhali bank has...

India vociferously wants both countries to enter into meaningful, result-oriented dialogue.
February 1, 2011... Byline: IQBAL MIRZA Whatever the agenda, and intentions apart, India vociferously wants both countries to enter into meaningful and result-oriented dialogue, instead of getting frozen in time. India and Pakistan need to talk and talk to each...

PACRA maintains IFS rating of AICL.
February 1, 2011... The Pakistan Credit Rating Agency (PACRA) has maintained Insurer Financial Strength (IFS) rating of Adamjee Insurance Company Limited (AICL) at "AA" (Double A). The rating denotes a very strong capacity to meet policyholder and contract...

Development of AJK top priority: Gilani.
February 1, 2011... Prime Minister Syed Yousuf Raza Gilani on Monday said development of Azad Jammu and Kashmir (AJK) was priority of the government and assured that despite economic difficulties development funds would be provided to AJK. During a meeting with...

Profit after tax of Lucky Cement declines.
February 1, 2011... Byline: RECORDER REPORT The profit after tax of Lucky Cement Limited has declined to Rs 1.460 billion in the half year period ended December 31, 2010 as compared to Rs 1.907 billion earned in the corresponding period in 2009. The board of...

Clariant Pakistan profit after tax increases.
February 1, 2011... Byline: RECORDER REPORT The profit after tax of Clariant Pakistan Limited has increased to Rs 762.700 million in the year ended December 31, 2010 as compared to Rs 585.837 million earned in the corresponding period in 2009. The company's...

Special cash reserve account: rate of remuneration for February to be zero percent.
February 1, 2011... Byline: RECORDER REPORT The State Bank of Pakistan has announced rate of remuneration on special cash reserve account maintained with SBP under FE-Circular 25 of 1998. According to SBP circular issued on Monday that the rate of remuneration...

Four killed in two road accidents.
February 1, 2011... Byline: RECORDER REPORT Four people including a woman and a teenager were killed in two different road accident across the metropolis on Monday. According to details, the terrible incident took place at Yasinabad where Akash, 18 son of Munir...

Germans vow to invest in Pakistan.
February 1, 2011... Dr Gregor Schotten, Counsellor and Head of Mission German Embassy on Monday said the business community of Germany is very keen to explore Pakistani market, which offers great opportunities to the investors. Dr Gregor said that application for...

EOBI conference today.(Conference news)
February 1, 2011... Syed Khursheed Ahmed Shah, Federal Minister for Labour and Manpower will inaugurate the three-day midyear conference of Employees' Old-Age Benefits Institution (EOBI), to be held on Tuesday (today) at the committee room of ministry of religious...

Buildings hired by PRAL: unwarranted expenditures were incurred: AGP.
February 1, 2011... Byline: RECORDER REPORT The Auditor General of Pakistan (AGP) has expressed displeasure over excessive use of rental buildings hired by Pakistan Revenue Automation Limited (PRAL) for providing IT related services to the Federal Board of...

Rough weather: Fishermen boats moored to quay.
February 1, 2011... Byline: ANWAR KHAN Thousands of fishermen failed to capitalise on increasing global orders for fish, as strong sea winds of winter have driven over 650 boats to the moorage for the last one week Fishermen on Monday said their boats could not...

Tailor killed, political activist injured in separate attacks.
February 1, 2011... Byline: RECORDER REPORT A man was killed while a local leader of Jamiat Ulema Pakistan-Noorani (JUP) was injured in separate armed attacks in the metropolis on Monday. According to police, a man was gunned down by unknown armed men in Malir...

Rental power plants project: second power ship of Turkish company arrives.
February 1, 2011... Byline: RECORDER REPORT The Turkish Company, KARKEY's second 'Powership Alican Bey' has arrived in Karachi in a bid to support efforts of the government to overcome energy crisis in the country. An official of the company told this scribe...

Zardari tells US team Davis matter already before courts.
February 1, 2011... A US congressional delegation on Monday called on President Asif Ali Zardari at Aiwan-e-Sadr and discussed matters relating to Pak-US bilateral relations, mutual co-operation, fight against militancy, ROZs and security situation in the region....

PCO releases schedule of national population census.
February 1, 2011... Byline: WASIM IQBAL Population Census Organisation (PCO) has released the schedule of "6th National Population Census' on its website which would be held without apparent support of armed forces. The official website of PCO displays that the...

FO asked to apprise of Pakistani community welfare in Egypt.
February 1, 2011... Prime Minister Syed Yousuf Raza Gilani inquired about the safety and security of the Pakistani nationals in Egypt from the Ministry of Foreign Affairs and the Ambassador of Pakistan in Cairo. He directed the Ministry of Foreign Affairs to...