Business Recorder articles from July 2012

Business Recorder archives from July 2012

LME Official Prices
July 31, 2012... Byline: RECORDER REPORT =============================================================================================== Aluminium Aluminium Copper Lead Nickel Tin Zinc Nasaac Alloy...

Karachi Yarn Market Rate
July 31, 2012... Byline: RECORDER REPORT ==================================== CONES CARDED ==================================== 10/1. Popular Fibre 1050.00 Diwan 1080.00 16/1. United 1160.00 Popular Fibre 1050.00 Abdullah Textile 1050.00 Indus 1200.00 21/1....

Faisalabad Yarn and Fibre Prices
July 31, 2012... Byline: RECORDER REPORT ==================================== 6-7/S Cone (Cotton) ==================================== ARY 520.00 Nelibar 825.00 King 520.00 Sher 500.00 Hafiz 510.00 Sofi 510.00 MD 520.00 ------------------------------------ 8/S...

Lahore Grain Market Rates
July 31, 2012... Byline: RECORDER REPORT ==================================== Per 100 kg ==================================== Sugar 5200-5250 Gur 5800-6000 Shakar 6500-7000 Ghee (16 kg) 2470-2710 Almond (Kaghzi) 28000-40000 Almond (Simple) 10500-15000 Sogi...

Lahore Paper Market Rates
July 31, 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...

Karachi Plastic/Urea Moulding Compounds Rates
July 31, 2012... Byline: RECORDER REPORT ==================================== HDPE (FILM) (Per lb) ==================================== Saudia 952 79.00 Mobil 79.25 TR144 78.25 ------------------------------------ HDPE (INJECTION) (Per lb)...

Hides and Skin Rates
July 31, 2012... Byline: RECORDER REPORT ============================================= HIDES ============================================= (Wet Salted Per Piece) ============================================= (i) (ii) (iii)...

Grain Market Rates
July 31, 2012... Byline: RECORDER REPORT ==================================== CEREALS (Per 100 Kgs) ==================================== Makai 2475/2500 Juwar 2000/2100 Moong Australia 7000 Moong Punjab 7500 Masoor Canada 5500/- Masoor Dall 6500/- Urad Burma...

Rates of Dry Fruit
July 31, 2012... Byline: RECORDER REPORT ==================================== DRY FRUITS (Per 40 Kg) ==================================== Chaman Almond 5000/18000 Almond (Girdi) 4800.00 Almond (Irani) 32000.00 Almond (USA) 21000/26000 Kaghzi I 15000.00 Kaghzi...

Karachi Chemicals and Dyes Market Rates
July 31, 2012... Byline: RECORDER REPORT ==================================== DYES NAPHTHOLS CHINA (Per Pound) ==================================== As 100 pc 175.00 AS 80 pc 155.00 ASBS 100 pc 210.00 ------------------------------------ BASES CHINA...

Rates of Spices and Other Allied Commodities
July 31, 2012... Byline: RECORDER REPORT ==================================== KIRANA ITEMS (Per 40 Kg) ==================================== White pepper 42000.00 Black pepper Singapore 25800.00 Black pepper Ceylon 25500.00 Black pepper Brazil 28000.00 Mace...

Milk Powder Rates
July 31, 2012... Byline: RECORDER REPORT ==================================== MILK POWDER SKIMMED (per bag of 25 kgs) ==================================== Irish skimmed 8500.00 Haleeb SMP 6500.00 Nur Pur 7500.00 Skim Pak 5400.00 Poland 9000.00 Olden Burger...

Karachi Tea Rates
July 31, 2012... Byline: RECORDER REPORT ==================================== TEA (PER KG) ==================================== KENYA ------------------------------------ PF-1 A Grade 470.00 B Grade 440.00 + C Grade 420.00 C Grade 365.00...

Pakistan Mercantile Exchange - PMEX
July 31, 2012... Byline: RECORDER REPORT ======================================================================================================================== ============== Total Volume - Lots 15,574 Total Volume - Rs 6,320,154,079...

Weekly Statement of Position of All Scheduled Banks
July 31, 2012... Byline: RECORDER REPORT ======================================================================================= (RUPEES IN MILLION) ======================================================================================= All All SCHEDULED...

Shipping Intelligence
July 31, 2012... Byline: RECORDER REPORT ============================================================================ VESSELS ON BERTH ============================================================================ Berth Ship Working Agent Berthing No Date...

THE RUPEE: Mixed Trend
July 31, 2012... Byline: RECORDER REPORT The currency market commenced the week on a mixed note as the rupee moved both ways against dollar on Monday in process of trading, dealers said. The rupee lost 10 paisa in terms of dollar for buying at 94.65 and shed...

Rates of Debt Securities
July 31, 2012... Byline: RECORDER REPORT ==================================================================================================================== RATES OF DEBT SECURITIES...

Mutual Funds Association of Pakistan
July 31, 2012... Byline: RECORDER REPORT ======================================================================================================================== ==================== Funds Name Asset Manager Category Offer Repurchase Validity Price Price...

Board Meetings
July 31, 2012... Byline: RECORDER REPORT ============================================================== Name of company Date Time ============================================================== Baba Farid Sugar Mills Ltd 31.07.2012 - Haseeb Waqas Sugar Mills Ltd...

BRIndex30 and BR Sectoral Indices
July 31, 2012... Byline: RECORDER REPORT =================================== BR INDICASE AT A GLANCE =================================== BRINDEX30 - =================================== Day Close: (-) 10,354.14 High: 10,382.86 Low: 10,334.43 Net Change: (-) 41.1...

Board Meetings
July 31, 2012... Byline: RECORDER REPORT ========================================================================================= Company SCHEDULED ON TIME PLACE TO CONSIDER...

Clearing Schedule for T+2 System
July 31, 2012... Byline: RECORDER REPORT ================================================================ CLEARING SCHEDULE FOR T+2 SYSTEM FOR THE MONTH OF JULY AND AUGUST 2012 ================================================================ TRANSACTION...

Open Market Rates of Foreign Currencies
July 31, 2012... Byline: RECORDER REPORT ========================================================================= CURRENCY BUYING SELLING CURRENCY BUYING SELLING ========================================================================= US$ O/M 94.65 94.75 HONG...

World Currencies and Euro
July 31, 2012... Byline: RECORDER REPORT ======================================================= COUNTRY CURRENCY VALUE OF EURO ======================================================= Afghanistan (Afghani) 58.7934 Albania (Lek) 137.462 Algeria (Dinar) 99.1080...

Money Market Report
July 31, 2012... Byline: RECORDER REPORT Money market report by Khadim Ali Shah Bukhari & Co on Monday (July 30, 2012). ================================================================= Repo Rates (Yield p a)...

Spot Dollar Rates
July 31, 2012... Byline: RECORDER REPORT ======================================= Ex Interbank Rate PKR against USD ======================================= BID OFFER CLOSE ======================================= Ready 94.6700 94.6900 94.6800 1 week 94.8550...

Exchange Rates: Buying and Selling
July 31, 2012... Byline: RECORDER REPORT ============================================ Countries Selling Buying Buying TT&OD TT Clean OD/T.CHQ ============================================ USA 94.50 94.30 94.10 UK 148.57 148.26 147.92 EURO 116.17 115.93...

Barclays Bid Rates and Maximum Rates for Payment of Interest
July 31, 2012... Byline: RECORDER REPORT ======================================================== INTEREST PAYABLE ON FE DEPOSITS ======================================================== BBA BID MAXIMUM RATES RATES FOR PAYMENT OF WITH INTEREST BY VALUE DATE...

Aaj TV - Tuesday's Schedule
July 31, 2012... Byline: RECORDER REPORT 06:00:00 News Hour 06:25:00 Headline News 06:30:00 News Hour 06:55:00 Headline News 07:00:00 Kahani Kay Peechay 07:25:00 Headline News 07:30:00 Kahani Kay Peechay 07:55:00 Headline News 08:00:00 News Bulletin 08:25:00...

Cotton Market: Buying by Mills Improves amid Easy Phutti Supply
July 31, 2012... Byline: RECORDER REPORT Mills' buying improved on the cotton market on Monday amid easy supply of phutti due to favourable weather condition, dealers said. The official spot rate was unchanged at Rs 5600, they said. In the ready business...

Activity at Karachi and Qasim Ports
July 31, 2012... Byline: RECORDER REPORT The Karachi Port handled 55,773 tonnes of cargo comprising 36,975 tonnes of import cargo and 18,798 tonnes of export cargo including 1,964 loaded & empty containers during last 24 hours ended at 0700 hours on...

Indian Court Allows Entry of Exxon Valdez to Ship-Breaking Yard
July 31, 2012... The Exxon Valdez can be dismantled and recycled in India's Alang ship-breaking yard, the Supreme Court ruled Monday. A two-judge bench headed by justice Altamas Kabir permitted the ship to be dismantled at the yard located on the coast of the...

Austerity at the Olympics: Each 'Gold' Medal Contains 1.34 Percent Gold
July 31, 2012... Byline: MONITORING DESK As every Olympic athlete knows, size matters. The London 2012 medals are the largest ever in terms of both weight and diameter - almost double the medals from Beijing. However, just as equally well-known is that...

Pakistan, Spain Make 1-1 Draw
July 31, 2012... Byline: MONITORING DESK Pakistan hockey team displaying a good game held Spain to a 1-1 draw in their first encounter in the Olympic hockey preliminary round here on Monday, Aaj News reported Monday. Rehan Butt scored the only goal from...

PSDF Signs Rs One Billion Contracts with 40 Training Providers
July 31, 2012... Byline: RECORDER REPORT Punjab Skill Development Fund (PSDF) signed contracts worth Rs One billion here on Monday with 40 training service providers to impart training to 20,000 young people individuals including 40 percent females under its...

Countrywide Prolonged Loadshedding: ANP, MQM Join Hands with Opposition
July 31, 2012... Byline: ALI HUSSAIN The coalition partners of the ruling Pakistan People's Party (PPP)- Awami National Party (ANP) and Muttahida Qaumi Movement (MQM), on Monday joined hands with opposition parties to lambaste the government for the...

Imports into Pakistan: Paapam Asks Japanese Authorities to Ensure Radiation-Free Vehicles
July 31, 2012... Byline: RECORDER REPORT Pakistan Association of Automotive Parts and Accessories Manufacturers (Paapam) has demanded the local and Japanese authorities to certify all imports into Pakistan to ensure radiation-free vehicles, also complying...

Mohammad Pur PS Attacked by Enraged Protestors
July 31, 2012... Byline: RECORDER REPORT Following the killing of a political worker scores of people on Monday attacked on Mohammad Pur police post established at Orangi Town. According to details, tension prevailed in Orangi Town after the killing of a...

New Terms of Engagement with US/Nato: PML-N Seeks to Present MoU in Parliament before Signing
July 31, 2012... Byline: RECORDER REPORT Pakistan Muslim League-Nawaz (PML-N) on Monday called upon the government to take the parliament into confidence before signing the Memorandum of Understanding (MoU) with the United States on the new terms of...

Pakistan Telecommunication Company Limited (PTCL)
July 31, 2012... INTRODUCTION Pakistan Telecommunication Company Limited (PTC) is the telecom giant of Pakistan, not least because it has licenses in almost all key ICT segments: fixed local loop (FLL), cellular mobile telephony, wireless local loop (WLL), and...

Court Dismisses Ahmadinejad Appointed Official
July 31, 2012... An Iranian official appointed by President Mahmoud Ahmadinejad and linked to the deaths of prisoners has been dismissed by a court, the ISNA news agency reported on Monday. The Supreme Administrative Court annulled the appointment of Saeid...

Prices of Fruits Witness Sharp Increase
July 31, 2012... Byline: RECORDER REPORT Prices of fruit registered a manifold increase in the first week of holy month of Ramazan without any slight change as vendors and merchants are swindling faithful in the absence of official prices. In a survey...

Wapda Asked to Provide Fair Power Share to Khyber Pakhtunkhwa
July 31, 2012... Byline: RECORDER REPORT Federal Minister for Railways, Haji Ghulam Ahmad Bilour on Monday asked the Water and Power Development Authority (Wapda) to give fair electricity share from national power grid station to Khyber Pakhtunkhwa province,...

Peshawar Protesters Take to Streets
July 31, 2012... Byline: RECORDER REPORT The exasperated power consumers on Monday came out on different thoroughfares, created hurdles for vehicular traffic by pelting stones, burning tyres which also led to exchange of fire between police and public on Ring...

Pesco Chief Monitors Performance of Grid Stations
July 31, 2012... Byline: RECORDER REPORT Peshawar Electric Supply Company (Pesco) has assured customers that efforts are being made to overcome energy crisis and in this purpose government and Pesco are struggling hard. In this regard Chief Executive Pesco...

PTI to Launch Protest in Khyber Pakhtunkhwa
July 31, 2012... Byline: RECORDER REPORT Provincial leaders of Pakistan Tehreek-e-Insaf have expressed grave concern over the excessive power outages in different party of Khyber Pakhtunkhwa and announced to launch organised campaign against it. Addressing at...

'Growth Relatively Low Due to Government's Anti-Agriculture Policies': President's Claim Disputed
July 31, 2012... Byline: FAZAL SHER Bodies representing the farm community have disputed President Asif Ali Zardari's claim that government policies have resulted in higher agriculture growth maintaining that growth in agriculture sector has been relatively...

Violent Anti-Power Loadshedding Protests Re-Emerge
July 31, 2012... Byline: RECORDER REPORT Violent protests against unannounced loadshedding continued in urban and rural areas and protestors ransacked a Wapda office besides blocking roads throughout Monday. The angry protestors agitated against the...

Kaira Urges Shahbaz to Refrain from Point-Scoring
July 31, 2012... Federal Minister for Information and Broadcasting Qamar Zaman Kaira has urged PML-N leaders to avoid political point scoring on the issue of loadshedding and advised them to help strengthen the federation. While addressing a press conference...

Electricity Shortage Reaches 6,000 Megawatts Mark
July 31, 2012... Byline: ABDUL RASHEDD AZAD The electricity shortage in the country has reached 6,000 Megawatts (MW) due to damage of Muzaffargarh Power Plant transmission lines which would be completely restored within two days, Water and Power Ministry...

Khosa Concerned at Power Outages
July 31, 2012... Byline: RECORDER REPORT Senior Advisor to Chief Minister Punjab, Senator Sardar Zulfiqar Ali Khan Khosa has expressed serious concerns over terrible increase in load-shedding in the province of Punjab. As a result of prolonged load-shedding,...

MEPCO Offices Attacked
July 31, 2012... Byline: RECORDER REPORT Hundreds of loadshedding-stricken people on Monday attacked the offices of MEPCO Pak Gate Sub-Division and set the entire record on fire. The police did not reach for the rescue of neighbouring WAPDA men because they...

Imam Hussain Council Holds Conference
July 31, 2012... Byline: RECORDER REPORT Deputy Chairman Senate Sabir Baloch has emphasised the need for proactive role of Pakistani women by following the footprints of Hazrat Khadijah for building a just and progressive society, which can lead to lasting...

Profit after Tax of Colgate Palmolive Increases
July 31, 2012... Byline: RECORDER REPORT The profit after tax of Colgate Palmolive (Pakistan) Limited has increased to Rs 1.619 billion in the year ended June 30, 2012 as compared to Rs 1.167 billion earned in the same period in 2011. The company's earning...

REAP Membership: BGA Supports New Move
July 31, 2012... Byline: RECORDER REPORT Basmati Growers Association (BGA) has strongly supported the idea of ending the mandatory condition of a rice exporter's being member of the Rice Exporters Association (REAP) and claimed it will result in increasing...

Extension in Job Contracts of MEC Officers/employees: No Action on Summary Yet
July 31, 2012... Byline: YASIR BABBAR Despite the passage of a month, the summary for extension in job contract of more than 100 officers/employees of Monitoring and Evaluation Cell (MEC) is pending in Chief Minister House. Monitoring and Evaluation Cell...

Altaf Reiterates Demand for Anti-Extortion Action
July 31, 2012... Muttahida Qaumi Movement (MQM) Chief Altaf Hussain on Monday demanded the government to rid the Karachiites and its traders from criminal elements and bhatta (extortion) mafia. Terming it an organised conspiracy to let loose the criminal...

NBP Increases Social Media Presence
July 31, 2012... In a short span of ten months National Bank of Pakistan's (NBP) official facebook fan page has registered more than 13000 members. The reason for such significant growth is mainly due to the fact that not just official information on NBP's...

Minister Denies Widespread Deaths of Peacocks in Thar
July 31, 2012... Sindh Wildlife Minister Dr Daya Ram Essarani Monday said that only 11 peacocks have perished by the viral disease since July 18. Addressing a press conference after holding meeting with officials of wildlife and animal husbandry departments at...

Separate Water Line to Korangi Tannery Zone: Governor Releases Rs 38.4 Million from Special Funds
July 31, 2012... Byline: RECORDER REPORT Governor Sindh, Dr Ishratul Ebad Khan has released Rs 38.4 million from his special funds for laying a separate water supply line to tannery industrial zone of Korangi. After hectic efforts of Pakistan Tanners...

SU Contradicts SUTA Allegations
July 31, 2012... Byline: RECORDER REPORT The administration of University of Sindh on Monday has strongly contradicted the allegations levelled by Sindh University Teachers Association (SUTA) for creating fear of bloodshed and said the classes will commence...

PML-N to Mark August as Month of Determination
July 31, 2012... Byline: RECORDER REPORT On the directions of President Pakistan Muslim League-N (PML-N) Muhammad Nawaz Sharif, PML-N has decided to celebrate month of August as "Mah-e-Azm" (month of determination)" with regard to Independence Day for...

Film 786
July 31, 2012... Byline: INAM KHAWAJA (VIA EMAIL) Once again another European country - Holland is the source of false, malicious and sacrilegious films and videos about our beloved Prophet Muhammad (PBUH). Research has tracked these videos and films directly...

'Fiscal Cliff' Could Send US Economy on New Tumble
July 31, 2012... Byline: FRANK FUHRIG The presidential election campaign is being waged by President Barack Obama and conservative challenger Mitt Romney under the shadow of an unprecedented political and budget crisis. The "fiscal cliff" is the ominous and...

SPOTLIGHT: Pak-US Relations Will Not 'Reset' in the Short-Term!
July 31, 2012... Byline: WAJID NAEEMUDDIN An America Presidential hopeful in the throes of America's 4-yearly election turmoil is sometimes compared to a male tiger in the mating season: the tiger (Presidential hopeful) would do anything to impress and win...

Retrospective Tariff Hikes
July 31, 2012... Byline: A B SHAHID Last week, National Electric Power Regulatory Authority (Nepra) authorised Karachi Electric Supply Corp (KESC) to increase its power tariffs retrospectively, the first part of that tariff rise being back-dated to January...

Gas Shortages and Prospects
July 31, 2012... Gas shortages in recent years account for gas load management programmes that prioritise its use between competing buyers. Major buyers of gas in the country are domestic consumers as well as CNG stations (the two most vocal groups quick to come...

Ending Anti-Women Practices
July 31, 2012... President Asif Ali Zardari put his signature on Friday to "One Million Signatures" campaign to end violence against women, sending out the message that abuses and discriminatory practices against women must stop. As he pointed out,...

Improved Ties with Neighbours to Help Create New Markets: COO, Lucky Cement
July 31, 2012... Byline: RIZWAN BHATTI Peaceful relations with neighbouring countries particularly India and Afghanistan will not only bring prosperity to the region, but it will also create new opportunities for Pakistani cement industry to capture these two...

Additional Posts to Overcome Staff Shortage: Finance Division Asked to Approve NH&MP Request
July 31, 2012... Senate Standing Committee on Communications on Monday directed the Finance Division to give approval to the request of National Highways and Motorway Police (NH&MP) for additional strength so that it can overcome staff shortage with...

APC on August 9: Khyber Pakhtunkhwa Government Seeks Resolution of Energy Crisis
July 31, 2012... Byline: RECORDER REPORT After growing anger and protest of masses against the excessive unscheduled power outages in different parts of Khyber Pakhtunkhwa, the provincial government on Monday announced to call All Parties conference (APC) on...

US Fomenting Terrorism Globally: Jamaat-E-Islami
July 31, 2012... Byline: RECORDER REPORT Jamaat-e-Islami, Ameer, Syed Munawar Hasan has said that the US was promoting terrorism all over the world to sell its arms and ammunition, which had threatened world peace. He was talking to a delegation from Dubai...

LHC for Equal Loadshedding in All Provinces
July 31, 2012... Byline: RECORDER REPORT The Lahore High Court here on Monday issued notice for August 8 in a petition filed against loadshedding during the Sehri, Iftar and prayer timings. Petitioner Chairman Judicial Activism Penal contended that people...

CJP Urges Legal Fraternity to Play Role towards Supremacy of Constitution
July 31, 2012... Admiring the role of legal fraternity in lawyers' movement in which they stood firm during the judicial crisis and struggled hard to bring rule of law in the society through peaceful efforts, Chief Justice Iftikhar Muhammad Chaudhry said, "a...

FBR Considering Creating New Post of Deputy Chairman
July 31, 2012... Byline: SOHAIL SARFRAZ The Federal Board of Revenue (FBR) is likely to take a major reform initiative by creating a new post of Deputy Chairman FBR to ensure smooth functioning in the absence of the FBR Chairman. Sources told Business...

Olympic Visa Scandal: Abid Chaudhry Fails to Record His Statement before FIA
July 31, 2012... Byline: RECORDER REPORT Federal Investigation Agency (FIA) Director General Anwar Virk on Monday visited the regional office of FIA and discussed affairs pertaining to the agency with the senior officers. The DG FIA also got an update of high...

PML-Q for Overcoming Loadshedding on War-Footing
July 31, 2012... Byline: RECORDER REPORT On the invitation of Pakistan Muslim League-Q (PML-Q) President Chaudhry Shujaat Hussain and Deputy Prime Minister Parvez Elahi, Federal Minister for Petroleum Dr Asim Hussain attended the meeting of the PML-Q...

NH&MP DIG for Stern Action against Overloaded Vehicles
July 31, 2012... Byline: RECORDER REPORT National Highways and Motorway Police (NH&MP) will make all efforts to facilitate road user, provide timely and effective help to the commuters in distress said DIG National Highways and Motorway Police N-5 Central...

Jamaat-E-Islami Slates Proposed Raise in POL Prices
July 31, 2012... Byline: RECORDER REPORT Secretary General, Jamaat-e-Islami, Liaqat Baloch, has slated the proposed raise in the POL prices at a time when the prices in the world market have dropped further. He while departing for Karachi here on Monday said...

Ramazan Bazaars, Fair-Price Shops: Daily-Use Items at Subsidised Rates: Punjab Government
July 31, 2012... Byline: RECORDER REPORT Secretary Industries Punjab Dr Shujaat Ali has said that Punjab government is ensuring provision of daily-use items at subsidised rates at Ramazan Bazaars and fare-price shops, where these items are available in...

Dozens Including Target Killer Arrested
July 31, 2012... Byline: RECORDER REPORT Law Enforcement Agencies on Monday claimed to have arrested around two dozens felons including a target killer and Lyari gangsters in separate raids at various parts of the metropolis. According to sources, the...

Steep Fall Witnessed in Bedwear Export
July 31, 2012... Byline: RECORDER REPORT A steep fall has been witnessed in the export of bedwear from $2.1 billion to $1.49 billion, ie about $600 million less as compared to last year, Pakistan Bedwear Exporters Association, Chairman, Shabir Ahmed, quoting...

Fresh Currency Notes: SBP to Facilitate Public during Ramazan
July 31, 2012... Byline: RECORDER REPORT The State Bank of Pakistan (SBP) has decided to fully utilise the large network of over 10,000 branches of commercial banks for distribution of fresh currency notes to the general public during the holy month of...