Business Recorder articles from June 2006

Business Recorder archives from June 2006

LME plastic prices.
June 30, 2006... (From Business Recorder) Byline: RECORDER REPORT ========================================= POLYPROPYLENE LINEAR LOW (PP) (LL) ...

Bullion Rates.
June 30, 2006... (From Business Recorder) ================================== In rupees per 10 gram ================================== KARACHI ---------------------------------- Gold Tezabi 11600.00 Silver...

Poultry rates.
June 30, 2006... (From Business Recorder) Byline: RECORDER REPORT Wholesale poultry rates on Thursday (June 29, 2006) and for Friday (June 30, 2006). Eggs: Rs 630-635 per 30 dozen; Broiler Birds (live): Rs 72 per kilogram; Cull Birds (live): Rs...

Cotton Spot Rates.
June 30, 2006... (From Business Recorder) Byline: RECORDER REPORT =========================================================== The KCA Official Spot Rate for Local Dealings in Pak Rupees ...

LME official prices.
June 30, 2006... (From Business Recorder) Byline: RECORDER REPORT ================================================================================================= Aluminium Aluminium Copper Lead Nickel Tin...

Lahore Grain Market Rates.
June 30, 2006... (From Business Recorder) Byline: RECORDER REPORT ======================================= Per 100 Kg ======================================= Wheat 1240/1265 ...

Lahore Paper Market Rates.
June 30, 2006... (From Business Recorder) Byline: RECORDER REPORT ========================================= IMPORTED OFFSET PAPER (per Lb) ========================================= Alma copy All size ...

NJLI Managed Fund prices.
June 30, 2006... (From Business Recorder) ========================= MANAGED GROWTH FUND ========================= Offer price Rs 358.71 Bid price Rs 340.77 ========================= PENSION FUND ...

Shipping Intelligence.
June 30, 2006... (From Business Recorder) Byline: RECORDER REPORT =============================================================================== Berth Vessels Working Agent Berthing No ...

Kerb buying and selling rate of US dollar.
June 30, 2006... (From Business Recorder) Byline: RECORDER REPORT ================================ Buying Rs 60.67 Selling Rs 60.72 ================================ Dollar buying and...

Dollar's rate in interbank market.
June 30, 2006... (From Business Recorder) Byline: RECORDER REPORT ============================== Buying Rs 60.20 Selling Rs 60.22 ============================== Interbank closing rates for...

THE RUPEE: slight fall against dollar in interbank market.
June 30, 2006... (From Business Recorder) Byline: RECORDER REPORT Falling trend was seen in the interbank market on Thursday as the rupee shed two paisa versus the rupee for buying and selling at 60.20 and 60.22, respectively. A number of dollar...

Insurance: ASKARI GENERAL INSURANCE LIMITED - Year Ended December 31 2005.
June 30, 2006... (From Business Recorder) Byline: SCANNER This is the insurance arm of Army Welfare Trust and in a short period of 10 years the company has emerged as strong player in the general insurance industry. The company claims to have large...

All shares index report.
June 30, 2006... (From Business Recorder) Byline: RECORDER REPORT ======================================================================================================================== ==== ALL SHARES INDEX REPORT (Sector-wise) ...

Mutual Funds Association of Pakistan.
June 30, 2006... (From Business Recorder) Byline: RECORDER REPORT ======================================================================================================================== == Names Asset Manager...

BRIndex30 and BR Sectoral Indices.
June 30, 2006... (From Business Recorder) Byline: RECORDER REPORT =================================== BR INDICASE AT A GLANCE =================================== BRINDEX30 - ...

Cross Transactions.
June 30, 2006... (From Business Recorder) Byline: RECORDER REPORT ================================================================================ FINANCIAL INSTITUTIONS ...

BOARD MEETINGS.
June 30, 2006... (From Business Recorder) Byline: RECORDER REPORT ============================================================ Name of Company Date Time Pakistan Income Fund 04.07.2006 ...

Shares buy-back schedule.
June 30, 2006... (From Business Recorder) Byline: RECORDER REPORT ======================================================================================= Company Re-Purchase From To Member...

Dividend/Bonus Announcements.
June 30, 2006... (From Business Recorder) Byline: RECORDER REPORT ==================================================================================================== FOR THE YEAR PROFIT/(LOSS)...

Board Meetings.
June 30, 2006... (From Business Recorder) Byline: RECORDER REPORT ===================================================================================== Company SCHEDULED ON TIME PLACE TO CONSIDER ...

Companies under suspension.
June 30, 2006... (From Business Recorder) Byline: RECORDER REPORT ========================================================================= COMPANY Date of COMPANY Date of ...

Proposed right issues.
June 30, 2006... (From Business Recorder) Byline: RECORDER REPORT =========================================================== PROPOSED RIGHT ISSUE =========================================================== Company ...

Last date of renunciation/payment.
June 30, 2006... (From Business Recorder) Byline: RECORDER REPORT ==================================================================== LAST DATE FOR RENUNCIATION/PAYMENT ...

Clearing Schedule for T+3 System.
June 30, 2006... (From Business Recorder) Byline: RECORDER REPORT ================================================================ CLEARING SCHEDULE FOR T+3 SYSTEM FOR THE MONTHS OF JUNE & JULY 2006 ...

EFU Capital Growth Fund Rates.
June 30, 2006... (From Business Recorder) Byline: RECORDER REPORT ============================= Offer price 139.01 Bid Price 132.06 ============================= EFU Capital Growth Fund Rates on...

EFU Pension Growth Fund Rates.
June 30, 2006... (From Business Recorder) Byline: RECORDER REPORT ============================= Offer price 108.08 Bid price 102.68 ============================= EFU Pension Growth Fund Rates on...

NJLI Sarmaya Growth Fund Rates.
June 30, 2006... (From Business Recorder) Byline: RECORDER REPORT ============================== Offer Price 169.90 Bid Price 161.39 ============================== New Jubilee Life Insurance...

EFU Managed Growth Fund Rates.
June 30, 2006... (From Business Recorder) Byline: RECORDER REPORT ============================= Offer price 553.36 Bid price 525.69 ============================= EFU Managed Growth Fund Rates on...

NJLI Pension Fund Rates.
June 30, 2006... (From Business Recorder) Byline: RECORDER REPORT ============================== Offer Price 321.04 Bid Price 304.98 ============================== New Jubilee Life Insurance...

NJLI Managed Growth Fund Rates.
June 30, 2006... (From Business Recorder) Byline: RECORDER REPORT ============================= Offer Price 358.71 Bid Price 340.77 ============================= New Jubilee Life Insurance...

KKI closing rates of currency notes.
June 30, 2006... (From Business Recorder) ================================================= Currency Notes KKI Buying KKI Selling ================================================= US $ 60.80 ...

Currency values in terms of Special Drawing Rights.
June 30, 2006... (From Business Recorder) Byline: RECORDER REPORT ====================================================================================== June 29, 2006 ...

US treasuries bid yields.
June 30, 2006... (From Business Recorder) Byline: RECORDER REPORT =========================================================================== US TREASURIES (BID YIELDS) ...

US treasuries bid prices.
June 30, 2006... (From Business Recorder) Byline: RECORDER REPORT ========================================================================================== US TREASURIES (BID...

Spot dollar rates.
June 30, 2006... (From Business Recorder) Byline: RECORDER REPORT ======================================== Ex Interbank Rate PKR against USD ======================================== BID OFFER CLOSE ...

London Interbank Offered Rates.
June 30, 2006... (From Business Recorder) Byline: RECORDER REPORT ========================================================= Rates at 11:00 London time Thursday (June 29, 2006). =========================================================...

Open market rates of foreign currencies.
June 30, 2006... (From Business Recorder) Byline: RECORDER REPORT ========================================================================= CURRENCY BUYING SELLING CURRENCY BUYING SELLING ...

Banks' rates for currency notes (buying and selling).
June 30, 2006... (From Business Recorder) Byline: RECORDER REPORT ==================================== Selling Buying ==================================== USA 60.93 59.37 SAUDI...

Money Market Report.
June 30, 2006... (From Business Recorder) Byline: RECORDER REPORT Money market report by Khadim Ali Shah Bukhari & Co on Thursday (June 29, 2006). DAILY MONEY MARKET COMMENTS: The interbank overnight money market initiated at the level of 7.50%...

Interest rates on new foreign currency deposits.
June 30, 2006... (From Business Recorder) Byline: RECORDER REPORT ================================================= INTEREST RATES ON NEW FOREIGN CURRENCY DEPOSITS US DOLLAR ================================================= ...

Bill buying rates per unit of currency.
June 30, 2006... (From Business Recorder) Byline: RECORDER REPORT ======================================================================== BILL BUYING RATES PER UNIT OF CURRENCY ...

LIBOR calculating interest on US dollar.
June 30, 2006... (From Business Recorder) Byline: RECORDER REPORT ========================================= BONDS LIBOR VALUE ========================================= 6 MONTHS US DOLLAR 5.6263 ...

Interest rates on old and incremental FCY deposits.
June 30, 2006... (From Business Recorder) Byline: RECORDER REPORT ================== Rates % pa ================== USD 0.1000 GBP 0.1000 ================== Interest rates on old and...

Currency notes: exchange rates.
June 30, 2006... (From Business Recorder) Byline: RECORDER REPORT ============================================= AUTHORISED DEALERS' RATES FOR CURRENCY NOTES ============================================= COUNTRY ...

Exchange rates: buying and selling.
June 30, 2006... (From Business Recorder) Byline: RECORDER REPORT ======================================== Countries Selling Buying Buying TT&OD TT Clean OD/T.CHQ ========================================...

Conversion for foreign currency deposits.
June 30, 2006... (From Business Recorder) Byline: RECORDER REPORT =============================================== US DOLLAR POUND STERLING EUR JAPANESE YEN =============================================== 60.1900 ...

Barclays bid rates and maximum rates for payment of interest.
June 30, 2006... (From Business Recorder) Byline: RECORDER REPORT ======================================================= INTEREST PAYABLE ON FE DEPOSITS ======================================================= ...

State Bank of Pakistan conversion rates.
June 30, 2006... (From Business Recorder) Byline: RECORDER REPORT ========================== US Dollar 60.1900 Pound Sterling 109.4254 Euro 75.6167 Japanese Yen 0.5172 ...

Aaj TV - Friday's schedule.
June 30, 2006... (From Business Recorder) Byline: RECORDER REPORT 06:00 Aaj Market Evening 06:35 Tilawat 06:55 News Bulletin 07:30 Daro Us Waqt Say 07:55 Headlines News 08:00 Aaj Subh (Live) 08:55 Headlines News 09:00 Aaj Subh (Live) 09:15 Aaj...

Activity at Karachi and Qasim ports.
June 30, 2006... (From Business Recorder) Byline: RECORDER REPORT The Karachi Port handled 47,454 tonnes of cargo including 30,965 tonnes import, 16,489 tonnes export cargo and 4,163 containers during last 24 hours ending at 0700 hours on Thursday....

Prices move both ways on grain market.
June 30, 2006... (From Business Recorder) Byline: RECORDER REPORT Prices moved both ways on the grain market on Thursday as a few number of buyers visited the market to make the new deals, dealers said. On the grams side, gram dal Punjab lost Rs 25...

Plastic mouldings mixed on Jodia Bazar.
June 30, 2006... (From Business Recorder) Byline: RECORDER REPORT The trading in plastic mouldings remained mixed on Jodia Bazar on Thursday. The following changes were noted: HDPE FILM per lb: Saudia 952 ended higher by Rs 1.25 at Rs 44.25,...

Oil cake market rates.
June 30, 2006... (From Business Recorder) Byline: RECORDER REPORT Upward trend was seen on the forward cottonseed oilcake market on Thursday as there was continued purchasing to meet the near-term demand, dealers said. The July vaida opened at...

Strong sentiment prevails in cotton market.
June 30, 2006... (From Business Recorder) Byline: DR ZAFAR HASSAN Strong sentiment continued to prevail in the market as both current (2005-06) and new crop (2006-07) cotton were traded on Thursday. With yarn prices also reported to be holding on...

Donkey produced in Indian court as evidence.
June 30, 2006... (From Business Recorder) A donkey used in a public protest by rights activists against the government of India's southern Tamil Nadu state has been produced in court as evidence, a report said Thursday. The activists had hung a sign...

World Bank launches new website on South Asia.
June 30, 2006... (From Business Recorder) The World Bank (WB) has launched a new website on South Asia with free access to economic and development data and analysis on Pakistan, Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal and Sri Lanka. ...

Partly Facetious: Rice mission in Kabul and Islamabad.
June 30, 2006... (From Business Recorder) Byline: ZOHRA IBRAHIM "Rice, we are told, was visiting Afghanistan to help prop up US appointed Karzai." "He is not US appointed." "No, perhaps the US did not exert the influence, shall we say, over...

Rs 50 million earmarked for farmers' training in agriculture marketing.
June 30, 2006... (From Business Recorder) Punjab Institute of Agricultural Marketing will be set up in Lahore for training of farmers and other stakeholders regarding the latest trends in production, storage and packing of agricultural produces to...

80 percent survey completed in quake-hit areas: Erra.
June 30, 2006... (From Business Recorder) About 80 percent survey has been completed in the earthquake affected areas of Azad Kashmir and NWFP, Earthquake Reconstruction and Rehabilitation Authority (Erra) Chairman Altaf Saleem said on Thursday. ...

Bestway Group's donatation for quake victims.
June 30, 2006... (From Business Recorder) The Bestway Group has donated 1 million pounds towards earthquake relief efforts. The latest in a series of donations made by the Group in the aftermath of the October earthquake was at the Bestway Annual Charity...

Consumption loans.
June 30, 2006... (From Business Recorder) Byline: T.U. HAQUE (KARACHI) This is with reference to your editorial (June 14, 2006) on the above subject. The reason of rise in consumption loans is that when mark-up rates on production sectors went down...

Amendment in Sales Tax law.
June 30, 2006... (From Business Recorder) Byline: R.H. MERCHANT (KARACHI) Recently a new clause 8(ca) has been inserted in the Sales Tax Act 1990 through Finance Act 2006 wherein 'A registered person shall not be entitled to reclaim or deduct input...

KESC's advice.
June 30, 2006... (From Business Recorder) Byline: SHAHAB RAZA (KARACHI) It is heartening to note that amidst all the criticism and outrage related to KESC and its frequent power cuts, there has been a positive response from the organisation that has...

Compulsory insurance policy for workers.
June 30, 2006... (From Business Recorder) Byline: SYED A. MATEEN A large number of people in the country, who can afford to buy insurance policy, are covered under a policy and in case of an injury, natural or an accidental death; the relevant...

Resentment over budget procedures.
June 30, 2006... (From Business Recorder) Byline: M. ANWAR ASI In a democratic dispensation, it is usually the opposition members of parliament who complain about the high-handed attitude of the government at various levels and forums. However, a...

A startling scandal.
June 30, 2006... (From Business Recorder) A report appearing in this paper last Monday makes the scandalous disclosure that the Makran Coastal Highway, inaugurated only in December 2005 by President General Pervez Musharraf amid much fanfare, is already...

Pakistan Steel sale: Stay on course.
June 30, 2006... (From Business Recorder) The Cabinet Committee on Privatisation (CCOP) has reportedly decided to offer it again for strategic sale through open bidding. Sale of shares through the bourses is not an alternative to strategic sale to a...

ISPR denies Taleban crossing.
June 30, 2006... (From Business Recorder) Inter-Services Public Relations (ISPR) Director-General Major General Shaukat Sultan has said that Afghanistan is facing some extraordinary situation, particularly the recent resurgence of Taleban, and that is...

24,000 watercourse cemented.
June 30, 2006... (From Business Recorder) Out of a total of 56,000 as many as 24,000 watercourse have so far been cemented in Punjab, said Punjab Agriculture Minister Arshad Khan Lodhi. Talking to PTV, he said around 5,000 water courses were cemented...

Government hospitals to have 'Ehtesab cells' soon: Nasir.
June 30, 2006... (From Business Recorder) The federal health ministry taking note of the complaints about quality of services and alleged unbecoming behaviour of the hospitals staffers towards the patients has directed the constitution of...

Fesco installs 40 MVA Transformer.
June 30, 2006... (From Business Recorder) Byline: RECORDER REPORT Faisalabad Electric Supply Company (Fesco) will become the first distribution company of the Water and Power Development Authority (Wapda) to undertake the installation of high...

Outreach scholarship programme launched.
June 30, 2006... (From Business Recorder) Byline: RECORDER REPORT Federal Minister for Information Technology Owais Ahmed Khan Leghari has stressed the need for shifting the facilities of higher education in information technology to rural areas to...

Hot, humid weather to prevail.
June 30, 2006... (From Business Recorder) Hot and humid weather would prevail with maximum temperature ranging from 36 to 38 degrees centigrade in Karachi on Friday, the Met office forecasted. Very hot and dry weather has been predicted for Sukkur and...

Work on Duber, Khan Khwar hydropower projects in progress.
June 30, 2006... (From Business Recorder) The construction work on 130 MW Duber Khwar high-head Hydropower and 72 MW Khan Khwar Hydropower projects is in full swing and both projects will be completed within the stipulated period. Giving a briefing...

DPRK offers railway technology.
June 30, 2006... (From Business Recorder) Ambassador of People's Democratic Republic of Korea Ri Yong Hwan on Thursday called on Railway Minister Sheikh Rashid Ahmed, and discussed matters of mutual interest. Hwan offered to Sheikh Rashid Ahmed to...

Dubai companies showering Pakistan with new projects: Gulf News.
June 30, 2006... (From Business Recorder) More than anywhere else, Dubai companies are showering Pakistan with new projects, reports Gulf News. In its report published on June 27 on "A magnet for investment", contributed by staff reporter Ivan Gale, said...

40 expedition groups arrive.
June 30, 2006... (From Business Recorder) Byline: PEER MOHAMMAD Almost 40 expedition groups have arrived in Pakistan to climb different peaks in the country. Sources in the Ministry of Tourism told Business Recorder on Thursday that the ministry had...

Notices issued.
June 30, 2006... (From Business Recorder) Byline: RECORDER REPORT The Lahore High Court (LHC) has issued notices in a petition filed by a Tehsil councillor Shahid Khan praying to the court to quash FIR registered against him at the behest of...

Nazim asked to look into water and sewerage tax bills.
June 30, 2006... (From Business Recorder) Byline: RECORDER REPORT The Karachi Chamber of Commerce and Industry (KCCI) has invited attention of City Nazim toward water and sewerage tax bills issued to shopkeepers where no water line is available. In a...

Pitac revenue to double in 2006-07.
June 30, 2006... (From Business Recorder) Byline: RECORDER REPORT Pakistan Industrial Technical Assistance Centre (Pitac) has earned revenue of Rs 5.4 million during the year 2005-06 against Rs 2.8 million of the corresponding year which would be...

Rs 233.52 million given to USC to open new outlets, warehouses.
June 30, 2006... (From Business Recorder) Byline: RECORDER REPORT Utility Stores Corporation (USC) Managing Director Brigadier Hafeez Ahmad (retd) has said the government has provided Rs 233.52 million to open 100 new outlets and 16 warehouses during...

Violence, parents' neglect compel children to abandon homes.
June 30, 2006... (From Business Recorder) Byline: RECORDER REPORT Violence, disinterest and neglect of parents towards children are main reasons, which force them to abandon their homes. This was the consensus in the inaugural ceremony of the Centre...

Engro seeks permission to export NPK fertilisers.
June 30, 2006... (From Business Recorder) Byline: AFTAB MAKEN Engro Chemicals Pakistan Limited has sought permission from the Ministry of Food, Agriculture and Livestock (Minfal) for exporting NPK fertilisers. Sources of the ministry told Business...