Business Recorder articles from February 2012

Business Recorder archives from February 2012

LME official prices.
February 29, 2012... Byline: RECORDER REPORT =================================================================================================== Aluminium Aluminium Copper Lead Nickel Tin Zinc Nasaac Alloy...

Poultry Rates.
February 29, 2012... Byline: RECORDER REPORT Wholesale poultry rates on Tuesday (February 28, 2012) and for Wednesday (February 29, 2012). Eggs: Rs. 2700/2705 per 30 dozen; Broiler Birds (live): Rs 160 per kilogram; Cull Birds (live): Rs 78 per kilo. Rates...

Cotton Spot Rates.
February 29, 2012... Byline: RECORDER REPORT =========================================================================== The KCA Official Spot Rate for Local Dealings in Pak Rupees --------------------------------------------------------------------------- FOR BASE...

Lahore Grain Market Rates.
February 29, 2012... Byline: RECORDER REPORT ===================================== Per 100 kg ===================================== Sugar 5050-5080 Gur 5500-5800 Shakar 6500-7000 Ghee (16 kg) 2480-2750 Almond (Kaghzi) 28000-40000 Almond (Simple) 10500-15000 Sogi...

Lahore Paper Market Rates.
February 29, 2012... Byline: RECORDER REPORT =================================== OFFSET PAPER INDONESIA (PER LB) =================================== 23x36 75 57 27x34 75 57 25.5x36 75 57 30x40 75 57 ----------------------------------- ART PAPER PER KG...

Pakistan Mercantile Exchange - PMEX.
February 29, 2012... Byline: RECORDER REPORT ======================================================================================================================== ============= Total Volume - Lots 11,701 Total Volume - Rs. 2,730,614,567...

Dollar's rate in interbank market.
February 29, 2012... Byline: RECORDER REPORT ======================== Buying Rs.90.97 Selling Rs.90.99 ======================== Interbank closing rates for dollar on Tuesday (February 28, 2012). Copyright 2012 Business Recorder

Shipping Intelligence.
February 29, 2012... Byline: RECORDER REPORT =========================================================================== VESSELS ON BERTH =========================================================================== Berth Ship Working Agent Berthing No Date...

Kerb buying and selling rate of US dollar.
February 29, 2012... Byline: RECORDER REPORT ======================== Open Buying Rs.90.90 Open Selling Rs.91.10 ======================== Open market rate in the kerb market in rupees on Tuesday (February 28, 2012). Copyright 2012 Business Recorder

Rates of Debt Securities.
February 29, 2012... Byline: RECORDER REPORT ================================================================================================================== RATES OF DEBT SECURITIES...

Cross Transactions between Client to Client & Financial Institutions.
February 29, 2012... Byline: RECORDER REPORT ==================================================================== CROSS TRANSACTIONS BETWEEN CLIENT TO CLIENT & FINANCIAL INSTITUTIONS ==================================================================== Member...

Member to Member.
February 29, 2012... Byline: RECORDER REPORT ======================================================================================= MEMBERS HAVE SUBSEQUENTLY REPORTED THE FOLLOWING TRANSACTIONS MEMBER TO MEMBER...

Mutual Funds Association of Pakistan.
February 29, 2012... Byline: RECORDER REPORT ======================================================================================================================== ===================== Funds Name Asset Manager Category Offer Repurchase Validity Price Price...

Despatch of dividend warrants.
February 29, 2012... Byline: RECORDER REPORT ========================================================================================= Company Year Ended/Ending Dividend/Bonus Dispatched on...

BRIndex30 and BR Sectoral Indices.
February 29, 2012... Byline: RECORDER REPORT =================================== BR INDICASE AT A GLANCE =================================== BRINDEX30 - =================================== Day Close: (-) 9,743.42 High: 9,823.23 Low: 9,734.53 Net Change: (-) 23.91...

BOARD MEETINGS.
February 29, 2012... Byline: RECORDER REPORT ============================================================== Name of company Date Time ============================================================== Data Agro Ltd 28.02.2012 10:00 am Reliance Weaving Mills Ltd...

Board Meetings.
February 29, 2012... Byline: RECORDER REPORT ==================================================================================== Company SCHEDULED ON TIME PLACE TO CONSIDER ==================================================================================== TRG...

Board meetings in progress.
February 29, 2012... Byline: RECORDER REPORT ==================================================================================== COMPANY SCHEDULED ON TIME TO CONSIDER R E M A R K S...

Last date of renunciation/payment.
February 29, 2012... Byline: RECORDER REPORT ======================================================================================== COMPANY Trading in L/Right Last Date for Last Date of Spot From Premium w.e.f. Payment/Ren. Trading...

Dividend/Bonus Announcements.
February 29, 2012... Byline: RECORDER REPORT ================================================================================================================== YEAR Profit/(Loss) EPS ANNUAL CLOSURE OF ENDED/ DIVIDEND/ After (Rs) GENERAL SHARE HALF YEARLY/ BONUS/...

Proposed right issues.
February 29, 2012... Byline: RECORDER REPORT ============================================================= PROPOSED RIGHT ISSUE ============================================================= Company Rate =============================================================...

Provisionally listed companies.
February 29, 2012... Byline: RECORDER REPORT ==================================================== Company Trading commenced from ==================================================== - - ==================================================== Provisional companies...

Clearing Schedule for T+2 System.
February 29, 2012... Byline: RECORDER REPORT ================================================================ CLEARING SCHEDULE FOR T+2 SYSTEM FOR THE MONTH OF FEBRUARY AND MARCH 2012 ================================================================ TRANSACTION...

US treasuries bid yields.
February 29, 2012... Byline: RECORDER REPORT =========================================================================== US TREASURIES (BID YIELDS) =========================================================================== DATE 1 MO 3 MO 6 MO 1 YR 2 YR 3 YR 5 YR 7...

US treasuries bid prices.
February 29, 2012... Byline: RECORDER REPORT ======================================================================================= US TREASURIES (BID PRICES) ======================================================================================= DATE 1 MO 3 MO 6...

Currency values in terms of Special Drawing Rights.
February 29, 2012... Byline: RECORDER REPORT ====================================================================================== February 28, 2012 ====================================================================================== Currency units per SDR SDR...

London Interbank Offered Rates.
February 29, 2012... Byline: RECORDER REPORT ======================================================== Rates at 11:00 London time Tuesday (February 28, 2012) ======================================================== USD GBP CAD EUR JPY...

Open market rates of foreign currencies.
February 29, 2012... Byline: RECORDER REPORT ========================================================================= CURRENCY BUYING SELLING CURRENCY BUYING SELLING ========================================================================= US$ O/M 90.90 91.10 Hong...

Spot dollar rates.
February 29, 2012... Byline: RECORDER REPORT ======================================= Ex Interbank Rate PKR against USD ======================================= BID OFFER CLOSE ======================================= Ready 90.9600 90.9800 90.9700 1 week 91.1550...

Money Market Report.
February 29, 2012... Byline: RECORDER REPORT Money market report by Khadim Ali Shah Bukhari & Co on Tuesday (February 28, 2012). ================================================================= Repo Rates (Yield p a)...

Banks' rates for currency notes (buying and selling).
February 29, 2012... Byline: RECORDER REPORT =================================== Selling Buying =================================== US DOLLAR 91.76 89.51 SAUDI RIYAL 24.47 23.87 UK POUND STG 145.35 141.77 JAPANESE YEN 1.1437 1.1156 EURO 123.20 120.18 U.A.E. 24.98...

Interest rates on old and incremental FCY deposits.
February 29, 2012... Byline: RECORDER REPORT ================== Rates % pa ================== USD 0.1000 GBP 0.1000 JPY 0.0000 ================== Interest rates on old and incremental FCY deposits on Tuesday (February 28, 2012). Copyright 2012 Business Recorder

Interest rates on new foreign currency deposits.
February 29, 2012... Byline: RECORDER REPORT ================================================= INTEREST RATES ON NEW FOREIGN CURRENCY DEPOSITS US DOLLAR ================================================= PERIOD FOR THE MONTH OF FEBRUARY 2012 % PA...

Bill buying rates per unit of currency.
February 29, 2012... Byline: RECORDER REPORT ======================================================================== BILL BUYING RATES PER UNIT OF CURRENCY ======================================================================== Bill 30 Days 60 Days 90 Days 120...

Currency notes: exchange rates.
February 29, 2012... Byline: RECORDER REPORT ============================================= AUTHORISED DEALERS' RATES FOR CURRENCY NOTES ============================================= COUNTRY SELLING BUYING ============================================= USA 91.76...

LIBOR calculating interest on US dollar.
February 29, 2012... Byline: RECORDER REPORT ========================================= BONDS LIBOR VALUE ========================================= 6 MTHS US DOLLAR 0.7531 28-02-2012 ========================================= London Interbank Offer Rates on for...

Conversion for foreign currency deposits.
February 29, 2012... Byline: RECORDER REPORT =============================================== US DOLLAR POUND STERLING EURO JAPANESE YEN =============================================== 90.9626 144.2122 122.1355 1.1293 ===============================================...

Exchange rates: buying and selling.
February 29, 2012... Byline: RECORDER REPORT ========================================= Countries Selling Buying Buying TT&OD TT Clean OD/T.CHQ ========================================= USA 90.85 90.65 90.42 UK 143.91 143.59 143.20 EURO 121.98 121.72 121.40...

Barclays bid rates and maximum rates for payment of interest.
February 29, 2012... Byline: RECORDER REPORT ======================================================== INTEREST PAYABLE ON FE DEPOSITS ======================================================== BBA BID MAXIMUM RATES RATES FOR PAYMENT OF WITH INTEREST BY VALUE DATE...

State Bank of Pakistan conversion rates.
February 29, 2012... Byline: RECORDER REPORT ========================== US Dollar 90.9626 Pound Sterling 144.2122 Euro 122.1355 Japanese Yen 1.1293 ========================== The Exchange Rates Committee of State Bank of Pakistan issued the following exchange...

Aaj TV - Wednesday's schedule.
February 29, 2012... Byline: RECORDER REPORT 06:00 News Hour 06:25 Headline News 06:30 News Hour 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)...

Chemical items mixed on Jodia Bazaar.
February 29, 2012... Byline: RECORDER REPORT The trading in chemical items closed mixed on Jodia Bazaar here on Tuesday. The following changes were noted. CHEMICAL ITEMS (Per kg): PETROLEUM JELLY: White Iran was quoted at Rs 45, sulphonic Acid HARD edged up...

Lean business observed on grain market.
February 29, 2012... Byline: RECORDER REPORT A few changes were seen on the wholesale grain market on Tuesday in process of trading, dealers said. On the cereal side moong Punjab was quoted higher at Rs 8500, wheat old and new rose to Rs 2690-2750, guwar Sindh...

Activity at Karachi and Qasim ports.
February 29, 2012... Byline: RECORDER REPORT The Karachi Port handled 143,865 tonnes of cargo comprising1 107,636 tonnes of import cargo and 36,229 tonnes of export cargo including 3,868 loaded & empty containers during last 24 hours ended at 0700 hours on...

Oil cake market rates.
February 29, 2012... Byline: RECORDER REPORT Mixed trend was seen on the forward cottonseed oilcake market on Tuesday in process of trading, dealers said. The March vaida that had closed at 768.40 opened with slight gain of 10 paisa at Rs 768.50. The May vaida...

Cotton and commodity markets may get boost in near future.
February 29, 2012... Byline: S.A.AZIZ SHAH The field activities of current cotton crop especially harvesting are coming to an end. The growers of early cotton sowing areas such as Badin, Tharparker and Thata districts of Lower Sindh and Sahiwal, Chichwatni and...

Punjab Sports Festival begins.
February 29, 2012... Byline: RECORDER REPORT The first-ever Punjab Sports Festival 2012 was kicked off here at National Hockey Stadium Tuesday, amid lights, colours and jubilation. The Punjab Chief Minister Muhammad Shahbaz Sharif was the Chief Guest and declared...

Pakistan prioritising projects designed to help rural women: UN told.
February 29, 2012... Pakistan told a United Nation (UN) panel that the present government is concentrating on economic empowerment projects as part of its efforts to create income generating activities for marginalised women. Speaking in a high-level round-table...

Attock Cement.
February 29, 2012... Attock Cement Pakistan Ltd is a cement producer and a publicly-traded company on the Karachi Stock Exchange. ACPL specialises in the manufacture of falcon brand cement, and its products include Ordinary Portland Cement, Sulphate Resistant Cement...

Kishori Lal made PPP Sindh Secretary Finance.
February 29, 2012... Sindh Chief Minister Syed Qaim Ali Shah, who is also President of Pakistan People's Party (PPP) Sindh chapter, has selected the Hari Ram Kishori Lal as the Secretary Finance of PPP Sindh here on Tuesday. Kishori Lal is also a candidate of party...

Seminar on revised ICAP's code of ethics held.
February 29, 2012... Members of the Institute of Chartered Accountants of Pakistan (ICAP) deliberated on the revised 'Code of Ethics for Professional Accountants' issued by the International Ethics Standards Board for Accountants (IESBA) in a seminar at ICAP House,...

ECP sets up 15,880 display centres in Sindh.
February 29, 2012... Byline: RECORDER REPORT Election Commission of Pakistan (ECP) has set up 15,880 display centres in all districts of Sindh to get verified Draft Electoral Rolls (DERs), which would start working from today (February 29) for 21 days, Business...

Orders of BMP /SBP Governor - asks banks to submit compliance report.
February 29, 2012... Byline: RECORDER REPORT The State Bank of Pakistan (SBP) has advised all banks/ DFIs to submit a compliance report of every order of Banking Mohtasib of Pakistan (BMP) and SBP Governor along with documentary evidence, within one week of its...

MQM activist among two gunned down.
February 29, 2012... Byline: RECORDER REPORT At least two persons including an activist of Muttahida Qaumi Movement (MQM) were gunned down in separate incidents at various parts of the metropolis here on Tuesday. According to police, a 26-year-old Noor Hussain...

Megatech 2012 from March 1.
February 29, 2012... The 10th edition of the International Machinery Exhibition of Garment and Textile Technology - Megatech Pakistan 2012 - is all set to lead to the textile exhibition season of 2012 from March 1 to 3, at the Expo Centre Lahore. The exhibition...

Prime Minister's Fiscal Relief Package: SBP allows banks of three more districts to write off loans.
February 29, 2012... Byline: RECORDER REPORT The State Bank of Pakistan (SBP) has allowed banks/development finance institutions (DFIs)/ microfinance banks (MFBs) to write-off the total outstanding loans as of December 31, 2009 of the borrowers of Lower Dir,...

Naval chief visits forward bases.
February 29, 2012... Chief of the Naval Staff, Admiral Muhammad Asif Sandila on Tuesday visited the forward bases of Pak Marines at Pak-India border to oversee the operational preparedness of troops deployed in the area. The Naval Chief was accompanied by Commander...

Sindh MPA's father-in-law arrested.
February 29, 2012... Byline: RECORDER REPORT Jackson police on Tuesday claimed to have arrested a father-in-law of one of the MPAs in Sindh Assembly over the charge of releasing two drug peddlers from the lock-up. According to police, the police had arrested a...

Hoax bomb call creates panic.
February 29, 2012... Byline: RECORDER REPORT A hoax bomb call created panic in a cellphone company's office, located in the limits of Ferozabad police station, here on Tuesday. According to SHO Ijaz Khwaja, an unknown caller warned the staff that a bomb was...

'Change the System is solution to crises'.(Conference notes)
February 29, 2012... Byline: RECORDER REPORT Religious scholar of eminence, Shaykh-ul-Islam, Dr M Tahir-ul-Qadri, has come up with the concept of "Change the System" which, in his considered opinion is the only way to pull the country out of its present morass....

Dialogue on education standards organised.
February 29, 2012... Byline: RECORDER REPORT Sindh Manik Moti Tanzeem organised a dialogue on education: 'Ways for its improvement and reasons of decreasing of education standards,' at Gymkhana Hyderabad on Monday evening. Speaking on the occasion, noted...

Training course.
February 29, 2012... Byline: RECORDER REPORT National Productivity Organisation (NPO), Ministry of Industries, Government of Pakistan in collaboration with the Hyderabad Chamber of Commerce & Industry (HCCI), is pleased to announce a one day training course...

IBA, HBFCL sign scholarship fund accord.
February 29, 2012... Byline: RECORDER REPORT Institute of Business Administration (IBA) and the House Building Finance Company Limited (HBFCL) on Tuesday joined hands to award scholarships. The agreement in this regard was signed between IBA Dean Dr Ishrat...

Acting vice chancellor assures SU officers of protecting rights.
February 29, 2012... Byline: RECORDER REPORT Sindh University Officers Welfare Association has requested the Acting Vice Chancellor not to ignore the officers while making any change among sectional heads without any reason and showed their concern on rumours for...

Partly Facetious: She has really done us proud.
February 29, 2012... Byline: ANJUM IBRAHIM "Sharmeen Obaid has really done us proud." "Indeed she has, her talent and the choice of subject of her documentary, has done us all proud!" "Gilani tried to get on her successful bandwagon and announced a civilian...

During January, 2012: 207 killed, 369 injured in terrorists attacks: PIFPS.
February 29, 2012... Byline: RECORDER REPORT Pakistan has witnessed as many as 134 terrorist attacks, including militant attacks, nationalist insurgents' attacks and sectarian-related violence, in which 207 persons were killed and another 369 injured across...

Khyber Pakhtunkhwa Assembly session summoned on March 1.
February 29, 2012... Byline: RECORDER REPORT The Governor, Khyber Pakhtunkhwa has summoned the session of the Provincial Assembly of Khyber Pakhtunkhwa to meet on Thursday, March 1, at 4pm in the Assembly Building of the Provincial Assembly of Khyber Pakhtunkhwa,...

Pemra consultative meeting takes up 'content regulation'.
February 29, 2012... A Pemra consultative meeting was held to deliberate upon much- needed "content regulation" concluded here, says a press release issued on Tuesday. The participants included the diversified talent and wisdom from all across the country including...

Levy of fuel adjustment charge: SCCI hails stay order by court.
February 29, 2012... Byline: RECORDER REPORT President, Sarhad Chamber of Commerce and Industry (SCCI), Afan Aziz has welcomed the Peshawar High Court (PHC) decision for taking stay on levy of fuel adjustment charges in electricity bills, and termed that the...

High-level meeting reviews law and order situation in Khyber Pakhtunkhwa.
February 29, 2012... Byline: RECORDER REPORT A high-level meeting held with the Khyber Pakhtunkhwa Governor, Barrister Masood Kausar in the chair at Governor's House, on Tuesday reviewed the law and order situation in the province particularly in wake of the...

FIA recovers Rs 22.5 million from PBM's project.
February 29, 2012... Byline: FAZAL SHER The Federal Investigation Agency (FIA) has recovered over Rs 22.5 million from Tawana Pakistan Project (TTP) established by Pakistan Bait-ul-Maal (PBM). "PBM was working as an implementation partner with TTP for provision...

Telenor, Teradata sign pact.
February 29, 2012... Teradata Corporation (NYSE: TDC), the data analytic solutions company, has entered into an agreement with Telenor Pakistan to expand its Teradata Enterprise Data Warehouse. A Teradata customer since 2005, Telenor Pakistan has used the Teradata...

Prices of 19 commodities soar in February: Fafen.
February 29, 2012... Byline: RECORDER REPORT The prices of 19 commodities went up in the month of February as compared to the preceding month, while rates of 20 others items came down and 13 remained unchanged, reveals a Free and Fair Election Network (FAFEN)...

Tree Plantation drive 0.5 million saplings to plant in Capital.
February 29, 2012... Byline: RECORDER REPORT The Capital Development Authority (CDA) is launching Spring Tree Plantation Campaign 2012 from Thursday (March 01), in this regards 0.5 million saplings will plants during the drive. The CDA would involve citizen...

Mirwaiz, Geelani say no talks till India accepts their proposals.
February 29, 2012... The Chairman of All Parties Hurriyet Conference, Mirwaiz Umar Farooq and the veteran Kashmiri Hurriyet leader, Syed Ali Geelani, said that there is no chance of talks with India unless it accepts their proposals. According to KMS, the two...

AGP chairs 44th ASOSAI meeting.
February 29, 2012... Auditor General of Pakistan and Chairman Asian Organisation of Supreme Audit Institutions (ASOSAI), Muhammad Akhtar Buland Rana on Tuesday chaired the 44th meeting of the ASOSAI Governing Board in Jaipur, India. According to press statement...

29,395 challans submitted in Punjab courts during four days: Supreme Court informed.
February 29, 2012... Byline: RECORDER REPORT Prosecutor General Punjab on Tuesday informed the Supreme Court that a total of 29,395 challans were submitted in the concerned courts of law in four days (February 22 to 25). A three-member bench comprising Chief...

Financial literacy for consumers.
February 29, 2012... Byline: SHEERAZ MOHIUDDIN (KARACHI) The industrial and commercial sectors of Pakistan are facing several challenges due to a large portion of workforce being financially illiterate. The low cadre employees involved in running the daily...

Islamic banking industry in Pakistan.
February 29, 2012... Ripah International University deserves to be highly appreciated for its efforts in arranging events that bring together distinguished speakers from around the globe enabling the local audience to benefit from its incisive work in Islamic...

Labour justice.
February 29, 2012... Byline: MAHMOOD ABDUL GHANI Labour litigation today means workers and employers to give up their skin with the hope of retaining their bones. The reason why the goddess of justice is blindfolded is so she cannot see what the representatives,...

Waheeda Shah writes history.
February 29, 2012... The election result of PS-53 has been withheld pending outcome of the FIR registered against the PPP candidate, Waheeda Shah, on the charge of slapping the polling staff. What comes out at the end of this exercise - given the apparently...

Bailout needs backing of business plan.
February 29, 2012... The Economic Co-ordination Committee of the Cabinet (ECC) had approved a bailout package of Rs 11 billion for Pakistan Steel on December 4, 2011. The Steel Mill management had asked for Rs 22 billion in financial assistance and rescheduling of...

KFHA submits budget proposal to Sindh government.
February 29, 2012... Byline: RECORDER REPORT Karachi Fish Harbour Authority (KFHA) has submitted a proposal of Rs 1.3 billion to the Sindh government to include a portion of harbour's master plan in annual development programme (ADP) of the next fiscal budget...

Dewan Cement posts Rs 130.074 million profit after tax.
February 29, 2012... Byline: RECORDER REPORT Dewan Cement Limited (DCL) has posted Rs 130.074 million as profit after taxation in the half year period ended December 31, 2011 as compared to after tax loss of Rs 325.060 million in the corresponding period in 2010....