Business Recorder articles from July 2008

Business Recorder archives from July 2008

LME official prices.
July 23, 2008... Byline: RECORDER REPORT LME official prices on Monday. ================================================================================================== Aluminium Aluminium Copper Lead Nickel Tin Zinc Nasaac Alloy...

Poultry rates.
July 23, 2008... Byline: RECORDER REPORT Wholesale poultry rates on Tuesday (July 22, 2008) and for Wednesday (July 23, 2008). Eggs: Rs 1650/1655 per 30 dozen; Broiler Birds (live): Rs 78 per kilogram; Cull Birds (live): Rs 58 per kilo. RATES...

Cotton Spot Rates.
July 23, 2008... Byline: RECORDER REPORT Official KCA spot rates for local dealings in Pakistan rupees on Tuesday (July 22, 2008). =========================================================== The KCA Official Spot Rate for Local Dealings in Pak...

National Commodity Exchange Trading Summary.
July 23, 2008... Byline: RECORDER REPORT National Commodity Exchange Limited Trading Summary on Tuesday (July 22, 2008). ========================================================================================================================...

Lahore Grain Market Rates.
July 23, 2008... Byline: RECORDER REPORT Grain and other commodity rates in rupees on Akbari Mandi on Tuesday (July 22, 2008). ===================================== Per 100 kg ===================================== Sugar 3000/3010 Gur 2400/2900...

Multan commodities market rates.
July 23, 2008... Commodities market rates in rupees on Tuesday (July 22, 2008). ============================================ FOOD GRAINS (Per 100 kilogram) ============================================ Maize 1750/2000 Jawar 1625/1875 Bajra 2187.50/2625...

Shipping Intelligence.
July 23, 2008... Byline: RECORDER REPORT Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (July 22, 2008). PORT QASIM INTELLIGENCE ...

Kerb buying and selling rate of US dollar.
July 23, 2008... Byline: RECORDER REPORT Dollar buying and selling rate in the kerb market in rupees on Tuesday (July 22, 2008). ================================ Open Buying Rs 72.00 Open Selling Rs 72.30 ================================ ...

Dollar's rate in interbank market.
July 23, 2008... Byline: RECORDER REPORT Interbank closing rates for dollar on Tuesday (July 22, 2008). ============================== Buying Rs 70.90 Selling Rs 70.93 ============================== Copyright 2008 Business Recorder

THE RUPEE: dollar moves both ways.
July 23, 2008... Byline: RECORDER REPORT The rupee gave up its overnight vulnerability, gaining five paisa against the dollar on the interbank market on Tuesday for buying and selling at 70.90 and 70.93,but turned weaker on the open market, money experts...

Cement: DG KHAN CEMENT - Analysis of Financial Statements Financial Year 2004-3Q Financial Year 2008.
July 23, 2008... DG Khan Cement Company Limited (DGKCC), a unit of Nishat group, is one of the largest cement manufacturing units in Pakistan. It is listed on all the stock exchanges of the country. Previously it held the position of the largest unit but...

All shares index report.
July 23, 2008... Byline: RECORDER REPORT The sector-wise all shares index report on Tuesday (July 22, 2008). ======================================================================================================================== ==== ALL SHARES...

BRIndex30 and BR Sectoral Indices.
July 23, 2008... Byline: RECORDER REPORT BRIndex30 and BR Sectoral Indices on Tuesday (July 22, 2008). =================================== BR INDICASE AT A GLANCE =================================== BRINDEX30 - ===================================...

Mutual Funds Association of Pakistan.
July 23, 2008... Byline: RECORDER REPORT Mutual Funds Association has issued open-end funds daily prices for Tuesday (22 July 2008) PENSION FUNDS (OPEN-END FUNDS): CLOSED-END FUND NAVs: ...

BOARD MEETINGS.
July 23, 2008... Byline: RECORDER REPORT Board Meetings of Companies listed on the Karachi Stock Exchange. =================================================================== Name of Company Date Time...

Shares buy-back schedule.
July 23, 2008... Byline: RECORDER REPORT Shares buy-back schedule of listed companies on Tuesday (July 22, 2008). ======================================================================================= Company Re-Purchase From To Member appointed...

Last date of renunciation/payment.
July 23, 2008... Byline: RECORDER REPORT Last dates of renunciation/payment. =============================================================================== LAST DATE FOR RENUNCIATION/PAYMENT...

Proposed right issues.
July 23, 2008... Byline: RECORDER REPORT Right issues proposed by companies listed on Karachi Stock Exchange. =============================================================== PROPOSED RIGHT ISSUE...

Clearing Schedule for T+2 System.
July 23, 2008... Byline: RECORDER REPORT Karachi Stock Exchange's Clearing Schedule for T+2 System. ================================================================ CLEARING SCHEDULE FOR T+2 SYSTEM FOR THE MONTHS OF JULY & AUGUST 2008...

EFU Aitemad Growth Fund Rates.
July 23, 2008... Byline: RECORDER REPORT EFU Aitemad Growth Fund Rates on Tuesday (July 22, 2008). ============================= Offer price 506.32 Bid Price 481.00 ============================= Copyright 2008 Business Recorder

EFU Capital Growth Fund Rates.
July 23, 2008... Byline: RECORDER REPORT EFU Capital Growth Fund Rates on Tuesday (July 22, 2008). ============================= Offer price 220.03 Bid Price 209.03 ============================= Copyright 2008 Business Recorder

EFU Pension Growth Fund Rates.
July 23, 2008... Byline: RECORDER REPORT EFU Pension Growth Fund Rates on Tuesday (July 22, 2008). ============================= Offer price 122.41 Bid price 116.29 ============================= Copyright 2008 Business Recorder

EFU Managed Growth Fund Rates.
July 23, 2008... Byline: RECORDER REPORT EFU Managed Growth Fund Rates on Tuesday (July 22, 2008). ============================= Offer price 723.68 Bid price 687.50 ============================= Copyright 2008 Business Recorder

NJLI MEESEQ Fund Rates.
July 23, 2008... Byline: RECORDER REPORT NJLI Meeseq Fund Rates on Tuesday (July 22, 2008). ============================= Offer price 451.42 Bid Price 428.84 ============================= Copyright 2008 Business Recorder

NJLI Sarmaya Growth Fund Rates.
July 23, 2008... Byline: RECORDER REPORT New Jubilee Life Insurance Sarmaya Growth Fund Rates on Tuesday (July 22, 2008). ============================== Offer Price 203.53 Bid Price 193.34 ============================== Copyright 2008 Business...

NJLI Pension Fund Rates.
July 23, 2008... Byline: RECORDER REPORT New Jubilee Life Insurance Pension Fund Rates on Tuesday (July 22, 2008). ============================== Offer Price 425.41 Bid Price 404.13 ============================== Copyright 2008 Business Recorder

NJLI Managed Growth Fund Rates.
July 23, 2008... Byline: RECORDER REPORT New Jubilee Life Insurance Managed Growth Fund Rates on Tuesday (July 22, 2008). ============================= Offer Price 422.29 Bid Price 401.16 ============================= Copyright 2008 Business...

KKI closing rates of currency notes.
July 23, 2008... Khanani & Kalia International (Pvt) Limited Closing Rates of currency notes on Tuesday (July 22, 2008). ================================================= Currency Notes KKI Buying KKI Selling...

US treasuries bid yields.
July 23, 2008... Byline: RECORDER REPORT US treasuries bid yields on Tuesday (July 22, 2008). =========================================================================== US TREASURIES (BID YIELDS)...

US treasuries bid prices.
July 23, 2008... Byline: RECORDER REPORT US treasuries bid prices on Tuesday (July 22, 2008). ========================================================================================== US TREASURIES (BID PRICES)...

Open market rates of foreign currencies.
July 23, 2008... Byline: RECORDER REPORT Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Tuesday (July 22, 2008). ========================================================================= CURRENCY BUYING...

Currency values in terms of Special Drawing Rights.
July 23, 2008... Byline: RECORDER REPORT The International Monetary Fund (IMF), treasuries' department's currency values in terms of Special Drawing Rights (SDR). ======================================================================================...

Spot dollar rates.
July 23, 2008... Byline: RECORDER REPORT Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Tuesday (July 22, 2008). ======================================= Ex Interbank Rate PKR against USD ======================================= BID OFFER...

London Interbank Offered Rates.
July 23, 2008... Byline: RECORDER REPORT London Interbank Offered Rates (LIBOR) on Tuesday (July 22, 2008). ========================================================= Rates at 11:00 London time Tuesday (July 22, 2008)...

Money Market Report.
July 23, 2008... Byline: RECORDER REPORT Money market report by Khadim Ali Shah Bukhari & Co on Tuesday (July 22, 2008). DAILY MONEY MARKET COMMENTS: Money market initiated at the level of 9.50% -10.00%. In Clean, trading levels varied between 12.00%...

LIBOR calculating interest on US dollar.
July 23, 2008... Byline: RECORDER REPORT London Interbank Offer Rates on for calculating interest on special US dollar on Tuesday (July 22, 2008). ========================================= BONDS LIBOR VALUE ========================================= 6...

Interest rates on old and incremental FCY deposits.
July 23, 2008... Byline: RECORDER REPORT Interest rates on old and incremental FCY deposits on Tuesday (July 22, 2008). ================== Rates % pa ================== USD 0.1000 GBP 0.1000 ================== Copyright 2008 Business Recorder

Bill buying rates per unit of currency.
July 23, 2008... Byline: RECORDER REPORT Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Tuesday (July 22, 2008). ...

Banks' rates for currency notes (buying and selling).
July 23, 2008... Byline: RECORDER REPORT The selling/buying rates for currency notes of major currencies issued by National Bank (NBP) here on Tuesday (July 22, 2008). =================================== Selling Buying...

Conversion for foreign currency deposits.
July 23, 2008... Byline: RECORDER REPORT Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Tuesday (July 22, 2008). =============================================== US DOLLAR POUND...

Currency notes: exchange rates.
July 23, 2008... Byline: RECORDER REPORT Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Tuesday (July 22, 2008). ============================================= AUTHORISED...

Exchange rates: buying and selling.
July 23, 2008... Byline: RECORDER REPORT Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Tuesday (July 22, 2008). ========================================= Countries Selling Buying Buying TT&OD TT Clean...

State Bank of Pakistan conversion rates.
July 23, 2008... 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.
July 23, 2008... 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 - Wednesday's schedule.
July 23, 2008... Byline: RECORDER REPORT 06:00 Live With Talat 06:55 Headline News 07:00 Bolta Pakistan 07:55 News Bulletin 08:25 Beyond The Headlines 08:55 Headline News 09:00 Aaj Market Morning (Live) 09:45 Beeper Stock Market (Live) 09:55 Headline...

Activity at Karachi and Qasim ports.
July 23, 2008... Byline: RECORDER REPORT The Karachi Port handled 114,322 tonnes of cargo including 80,659 tonnes of import, 33,663 tonnes of export cargo and 3,357 loaded and empty containers (TEUs) during last 24 hours ended at 0700 hours on Tuesday....

Cotton spot rate raised by Rs 100.
July 23, 2008... Byline: RECORDER REPORT Cotton prices touched the high mark of Rs 4150.The official spot rate maintained the upward march for the second day as mills continued forward buying in anticipation of further rise in prices in the coming days,...

Cottonseed oilcake rates down on grain market.
July 23, 2008... Byline: RECORDER REPORT Declining trend was seen on the grain market on Tuesday as most of the commodities retained the overnight levels in process of lacklustre trading, dealers said. On the seed side, cottonseed oilcake with bag...

National Bank declares PLS profit rates.
July 23, 2008... ====================================================================== 1. PLS DEPOSITS: ====================================================================== Title of Accounts Rates Rates...

Ten Sports to telecast India and Sri Lanka cricket matches.
July 23, 2008... Indian cricket team will be thirsting for revenge against Sri Lanka following their humiliating defeat in the Asia Cup final recently in Pakistan, while Sri Lanka will be eager to extend their good record at home when they welcome their Asian...

Sri Lanka rejects rebel ceasefire offer.
July 23, 2008... The Sri Lankan government rejected Tuesday an eight-day unilateral truce offered by Tamil rebels ahead of an eight- nation South Asian regional summit to be held in the country."We do not want to accept any ceasefire and give oxygen for the...

FDA, Wasa officials visit rain-affected areas.
July 23, 2008... Byline: RECORDER REPORT Faisalabad Development Authority (FDA) Director General (DG) Raja Safdar Hussain and Wasa Managing Director (MD) Dr Arshad Mahmood visited low-laying city areas to have first hand information immediately after the...

PHP to be responsible to control traffic on highways: Sindhu.
July 23, 2008... Byline: RECORDER REPORT The Punjab Highways Patrolling (PHP) is being assigned duties to control traffic and check traffic violations on highways throughout the province. Faisalabad Range Superintendent of Police, PHP, Humayun Sindhu,...

Fresh Hepatitis control programme to be launched soon.
July 23, 2008... The Ministry of Health is in the final stages of drafting a programme to combat the Hepatitis disease, after the earlier 2005 programme was found to have missed its targets and objectives. According to the reports, the mid-point review...

Archaeologists start excavation at Gandhara Grave Culture site.
July 23, 2008... The Department of Cultural Heritage and Tourism Management, Hazara University, Mansehra is currently conducting excavations at the Gandhara Grave Culture site of Gankorini-o-Take in District Chitral under the direction of Dr Ihsan Ali,...

Farmer bodies condemn petroleum prices hike.
July 23, 2008... Byline: RECORDER REPORT The latest hike in diesel and other petroleum products prices has been strongly condemned by farmers' organisations, which said that the elected government has been implementing western agenda to wipe out...

Pepco board approves promotions.
July 23, 2008... A meeting of Pepco Selection Board was held to consider the promotion of senior engineers BPS-18 to the rank of Superintending Engineers BPS-19. MD, Pepco, Fazal Ahmad Khan, presided over the meeting, where the board approved promoting of the...

WWF-P organises capacity building workshop.
July 23, 2008... Byline: RECORDER REPORT A two-day capacity building workshop concluded at the Institute of Policy, Research and Development (IPRD), which was organised by World Wide Fund for Nature Pakistan (WWF-Pakistan ) under European Commission...

Sindh University announces results of BSc part-I.
July 23, 2008... Byline: RECORDER REPORT The Sindh University (SU) has announced the result of BSc part-I (College side) annual examination of 2007 here on Tuesday. According to announcement total 5,869 candidates appeared in the examination of BSc...

Pakistani scientist sets record by evolving five new rice varieties.
July 23, 2008... Pakistan agriculture scientist set a new record in Asia by successfully evolving five new best quality varieties of "long and extra long hybrid rice" in Pakistan in a short span of seven years. According to details, Dr Ghulam Mustafa...

'Agriculture sector should be developed on scientific lines'.
July 23, 2008... Provincial Minister for Agriculture, Arbab Muhammad Ayub Jan, said Tuesday the agriculture should be developed on modern scientific lines to cater the consumption needs of people and to resolve the food crises in the province. Boosting...

Partly Facetious: Golf partners are not easy to get.
July 23, 2008... Byline: ANJUM IBRAHIM "So while we are trying to grapple with the rising price trend, and need I add the recent upsurge in the price of petrol has really hit me hard, we have some people whose salary is paid for from my tax rupee are...

'Hike not justified'.
July 23, 2008... Byline: DR A KHAN (CHICAGO) The petrol price hike is not justified. The peoples government announced the biggest petrol price hike at a time when global oil prices are declining, and the Saudi government is offering some financial relief...

Zardari 'controversy'.
July 23, 2008... Byline: ABRAR KHOSA (FAISALABAD) In our neighbouring country India, Sonia Ganhdi, an Italian by birth and widow of Rajev Gandhi, revoked her Italian citizenship to prove her loyalty to India and avoid an unnecessary controversy. It was...

ML (N) getting tired of 'principled stand'?
July 23, 2008... Byline: WAJID NAEEMUDDIN In a panel discussion on TV the other day, Saad Rafiq the young ML(N) firebrand, suddenly sprang an intriguing observation. His subsequent elaboration of the observation was even more intriguing. The panel had...

GOOD MORNING: will kids save when everyone's overspending?
July 23, 2008... Byline: NUSRAT NASARULLAH There was a time when the concept of hidden charges (or concealed costs) in the world of commerce was almost unknown or rare, if at all prevalent. But now our commercial banks, for instance, have to make...

The principle of non-interference: The Security Council's veto power.
July 23, 2008... Byline: EISUKE SUZUKI China and Russia, two permanent members of the United Nations Security Council, vetoed, on July 11, 2008, a draft resolution prepared by Britain and the United States for the Security Council to impose an arms...

Obama in Kabul.
July 23, 2008... As expected, Democratic presidential candidate Barack Obama's weekend visit to Kabul helped him improve his foreign policy credentials. Somehow his statements on the United States' foreign military engagements, particularly in Iraq and...

Reason to be pragmatic.
July 23, 2008... In a recent editorial comment, the Financial Times observed that hopes generated by the February 18 general elections are evaporating as elected politicians of Pakistan "seem unwilling or unable to do anything about it". May be the outside...

US donates $0.45 million IT hardware to ECP.
July 23, 2008... Byline: RECORDER REPORT The United States government, through the United States Agency for International Development (USAID), on Tuesday donated information technology hardware worth $0.45 million to the Election Commission of Pakistan...

Punjab University holds lecture.
July 23, 2008... Byline: RECORDER REPORT The Pakistan Study Centre of Punjab University (PU) on Tuesday organised a lecture on "research issues in social sciences" for its MPhil and PhD scholars. Professor of Political Science, Lahore University of...

Zero-Point interchange construction: body agrees to award contract.
July 23, 2008... Byline: RECORDER REPORT A high-level committee of Capital Development Authority (CDA) has agreed to award the contract for construction of Zero-Point interchange to M/s Maqbool Associates. After the final approval, the firm will start...

Transporters increase fares without government notification.
July 23, 2008... The transporters have started overcharging the commuters of twin cities without any notification by the concerned. The increase in fares by the transporters has angered the passengers and a number of altercations have been reported in the...

'Provinces share must be increased to 80 percent of divisible pool'.
July 23, 2008... By resorting to arbitration, the previous government has seriously weakened the NWFP's battle for a due share in net hydel profits, says Awami National Party Senator Haji Mohammed Adeel. In an exclusive interview to Business Recorder...

Punjab to give 60,000 acres of land to agriculture graduates: minister.
July 23, 2008... Byline: RECORDER REPORT The Punjab government has decided to give 60,000 acres of land to agriculture graduates aiming to provide jobs to the educated youths, besides providing an opportunity to transfer agriculture knowledge to farmers...

NIT chairman.
July 23, 2008... Tariq Iqbal Khan resumed the charge of the chairman and managing director, National Investment Trust Limited (NIT) on July 22. Earlier, he had proceeded on 87 days leave, according to an NIT press release issued here on Tuesday. -PR ...

PP-93 Gujranwala: ECP's notification challenged.
July 23, 2008... Byline: RECORDER REPORT The Lahore High Court (LHC) has issued notices to respondents for October 24 in a petition challenging notification of PPP MPA Muhammad Tariq Gujjar issued by the Election Commission of Pakistan (ECP) as returned...

CDGL's budget being presented today.
July 23, 2008... Byline: RECORDER REPORT The City District Government Lahore (CDGL)'s budget for 2008-09 will be presented before the District Council here on Wednesday (today). District Naib Nazim Idress Haneef will chair the meeting at the Jinnah Hall....

Profit after tax of Rafhan Maize Products rises to Rs 819.378 million.
July 23, 2008... Byline: RECORDER REPORT The profit after tax of Rafhan Maize Products Limited has increased to Rs 819.378 million in the half year period that ended June 30, 2008 as compared to Rs 627.449 million earned in the corresponding period last...

IT industry size stands at $2 billion: President PASHA.
July 23, 2008... The size of Pakistan's Information Technology & IT-enabled Services industry stands at two billion dollar annually with a 50 per cent growth rate. IT Exports stand at one billion dollar according to a Research Study commissioned by Pakistan...

Death of Kamal Saeed's wife condoled.
July 23, 2008... Muhammad Aslam Kazi, Secretary General on behalf of the members of the Executive Committee of All Pakistan Newspapers Society expresses grief over the sad demise of Kamal Saeed Khan's wife and mother of Farrukh Saeed Khan, Assistant Director,...

Selling monkeys or shares.
July 23, 2008... Byline: FARIS ISLAM A story poking fun at the stock market has been making the rounds lately and goes something like this: Once in a village a man appeared and announced that he would pay the villagers $10 for every monkey they caught...

PQA board becomes oversized.
July 23, 2008... Byline: ISMAIL DILAWAR The newly-constituted board of Port Qasim Authority (PQA) has become oversized after the induction of two more members from Pakistan Ship Agents Association (PSAA). According to sources the government has...

PACRA assigns asset manager rating of 'AM4-' to AIML.
July 23, 2008... The Pakistan credit rating agency (PACRA) has assigned an asset manager rating of "AM4-" to Alliance Investment Management Limited (AIML). The rating reflects the company's adequate capacity to mange risks inherent in asset management. ...