Business Recorder articles from June 2009

Business Recorder archives from June 2009

Cotton Spot Rates.
June 30, 2009... Byline: RECORDER REPORT Official KCA spot rates for local dealings in Pakistan rupees on Monday (June 29, 2009). =========================================================== The KCA Official Spot Rate for Local Dealings in Pak Rupees...

Bullion Rates.
June 30, 2009... Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (June 29, 2009). ================================ In rupees per 10 gram ================================ KARACHI -------------------------------- Gold Tezabi...

Poultry Rates.
June 30, 2009... Byline: RECORDER REPORT Wholesale poultry rates on Monday (June 29, 2009) and for Tuesday (June 30, 2009). Eggs: Rs 1440/1445 per 30 dozen; Broiler Birds (live): Rs 92 per kilogram; Cull Birds (live): Rs 66 per kilo. RATES FOR...

Karachi Plastic/Urea Moulding Compounds Rates.
June 30, 2009... Byline: RECORDER REPORT Karachi Plastic/Urea Moulding Compounds Rates on Monday (June 29, 2009). =================================== HDPE (FILM) (Per lb) =================================== Saudia 952 64.00 Mobil 64.00 TR144 64.00...

Rates of dry fruit.
June 30, 2009... Byline: RECORDER REPORT Rates of dry fruit in rupees prevailing on the commodity markets in Karachi on Monday (June 29, 2009). =================================== DRY FRUITS (Per 40 Kg) =================================== Chaman Almond...

Jute goods rates.
June 30, 2009... Byline: RECORDER REPORT Jute goods rates in rupees prevailing on the commodity markets in Karachi on Monday (June 29, 2009). =================================== JUTE GOODS TWINE (Per Kg) =================================== 20x3 Brown...

Karachi tea rates.
June 30, 2009... Byline: RECORDER REPORT Tea rates in rupees prevailing on the commodity markets in Karachi on Monday (June 29, 2009). =================================== TEA (PER KG) ===================================...

THE RUPEE: dollar five paisa down.
June 30, 2009... Byline: RECORDER REPORT Slight improvement was seen on the interbank market on Monday as the rupee gained five paisa against dollar for buying and selling at 81.40 and 81.45, experts said. In the first Asian trading day dollar regained some...

Cement: MAPLE LEAF CEMENT FACTORY LIMITED - Analysis of Financial Statements Financial Year 2003 - 2003 Q 2009.
June 30, 2009... Maple Leaf Cement Factory Limited (MLCFL) is part of the KMLG (Kohinoor Maple Leaf Group). This company came into being on 1st July 1992 when three cement firms namely, MLCF (Maple Leaf Company Limited), WCIL (White Cement Industries Limited)...

BRIndex30 and BR Sectoral Indices.
June 30, 2009... Byline: RECORDER REPORT BRIndex30 and BR Sectoral Indices on Monday (June 29, 2009). =================================== BR INDICASE AT A GLANCE =================================== BRINDEX30 =================================== Day Close:...

Mutual Funds Association of Pakistan.
June 30, 2009... Byline: RECORDER REPORT Mutual Funds Association has issued open-end funds daily prices for Monday (29 June 2009) PENSION FUNDS (OPEN-END FUNDS): CLOSED-END FUND NAVs:...

Despatch of dividend warrants.
June 30, 2009... Byline: RECORDER REPORT Dates of despatch of dividend warrants and bonus share certificates. ============================================================================================ Company Year Ended/Ending Dividend/Bonus Dispatched...

BOARD MEETINGS.
June 30, 2009... Byline: RECORDER REPORT Board Meetings of Companies listed on the Karachi Stock Exchange. ================================================================== Name of Company Date...

Board Meetings.
June 30, 2009... Byline: RECORDER REPORT Board Meetings of Companies listed on the Karachi Stock Exchange. ========================================================================================= Company SCHEDULED ON TIME PLACE TO...

Proposed right issues.
June 30, 2009... Byline: RECORDER REPORT Right issues proposed by companies listed on Karachi Stock Exchange. =============================================================== PROPOSED RIGHT...

Last date of renunciation/payment.
June 30, 2009... Byline: RECORDER REPORT Last dates of renunciation/payment. =============================================================================== LAST DATE FOR RENUNCIATION/PAYMENT...

Shares buy-back schedule.
June 30, 2009... Byline: RECORDER REPORT Shares buy-back schedule of listed companies on Monday (June 29, 2009). ======================================================================================= Company Re-Purchase From To Member appointed Price...

Clearing Schedule for T+2 System.
June 30, 2009... Byline: RECORDER REPORT Karachi Stock Exchange's Clearing Schedule for T+2 System. ================================================================ CLEARING SCHEDULE FOR T+2 SYSTEM FOR THE MONTHS OF MAY & JUNE 2009...

EFU Aitemad Growth Fund Rates.
June 30, 2009... Byline: RECORDER REPORT EFU Aitemad Growth Fund Rates on Monday (June 29, 2009). ============================= Offer Price 519.09 Bid Price 493.13 ============================= Copyright 2009 Business Recorder

EFU Capital Growth Fund Rates.
June 30, 2009... Byline: RECORDER REPORT EFU Capital Growth Fund Rates on Monday (June 29, 2009). ============================= Offer Price 206.05 Bid Price 195.74 ============================= Copyright 2009 Business Recorder

EFU Pension Growth Fund Rates.
June 30, 2009... Byline: RECORDER REPORT EFU Pension Growth Fund Rates on Monday (June 29, 2009). ============================= Offer Price 124.60 Bid Price 118.37 ============================= Copyright 2009 Business Recorder

EFU Managed Growth Fund Rates.
June 30, 2009... Byline: RECORDER REPORT EFU Managed Growth Fund Rates on Monday (June 29, 2009). ============================= Offer Price 670.99 Bid Price 637.44 ============================= Copyright 2009 Business Recorder

NJLI CAPITAL VALUE FUND RATES.
June 30, 2009... Byline: RECORDER REPORT NJLI Capital Value Fund Rates on Monday (June 29, 2009). ============================= Offer Price 504.18 Bid Price 478.96 ============================= Copyright 2009 Business Recorder

NJLI MEESEQ Fund Rates.
June 30, 2009... Byline: RECORDER REPORT NJLI Meeseq Fund Rates on Monday (June 29, 2009). ============================= Offer Price 479.40 Bid Price 455.42 ============================= Copyright 2009 Business Recorder

NJLI Managed Growth Fund Rates.
June 30, 2009... Byline: RECORDER REPORT New Jubilee Life Insurance Managed Growth Fund Rates on Monday (June 29, 2009). ============================= Offer Price 432.49 Bid Price 410.85 ============================= Copyright 2009 Business Recorder

NJLI Sarmaya Growth Fund Rates.
June 30, 2009... Byline: RECORDER REPORT New Jubilee Life Insurance Sarmaya Growth Fund Rates on Monday (June 29, 2009). ============================== Offer Price 194.08 Bid Price 184.37 ============================== Copyright 2009 Business Recorder

World currencies and euro.
June 30, 2009... Byline: RECORDER REPORT Value of the euro in terms of other world currencies as prevailing in the week ended Monday (June 29, 2009). ====================================================== COUNTRY CURRENCY VALUE OF...

US treasuries bid yields.
June 30, 2009... Byline: RECORDER REPORT US treasuries bid yields on Monday (June 29, 2009). =========================================================================== US TREASURIES (BID...

US treasuries bid prices.
June 30, 2009... Byline: RECORDER REPORT US treasuries bid prices on Monday (June 29, 2009). ========================================================================================== US TREASURIES (BID PRICES)...

Open market rates of foreign currencies.
June 30, 2009... Byline: RECORDER REPORT Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Monday (June 29, 2009). ========================================================================= CURRENCY BUYING...

Spot dollar rates.
June 30, 2009... Byline: RECORDER REPORT Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Monday (June 29, 2009). ======================================= Ex Interbank Rate PKR against USD ======================================= BID OFFER...

London Interbank Offered Rates.
June 30, 2009... Byline: RECORDER REPORT London Interbank Offered Rates (LIBOR) on Monday (June 29, 2009). ======================================================== Rates at 11:00 London time Monday (June 29, 2009)...

Money Market Report.
June 30, 2009... Byline: RECORDER REPORT Money market report by Khadim Ali Shah Bukhari & Co on Monday (June 29, 2009). DAILY MONEY MARKET COMMENTS: Money market initiated at the level of 12.50%-12.75%. In Repo, major deals were done in the range of...

Banks' rates for currency notes (buying and selling).
June 30, 2009... Byline: RECORDER REPORT The selling/buying rates for currency notes of major currencies issued by National Bank (NBP) here on Monday (June 29, 2009). =================================== Selling Buying =================================== US...

LIBOR calculating interest on US dollar.
June 30, 2009... Byline: RECORDER REPORT London Interbank Offer Rates on for calculating interest on special US dollar on Monday (June 29, 2009). ========================================= BONDS LIBOR VALUE =========================================...

Interest rates on old and incremental FCY deposits.
June 30, 2009... Byline: RECORDER REPORT Interest rates on old and incremental FCY deposits on Monday (June 29, 2009). ================== Rates % pa ================== USD 0.1000 GBP 0.1000 ================== Copyright 2009 Business Recorder

Bill buying rates per unit of currency.
June 30, 2009... Byline: RECORDER REPORT Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Monday (June 29, 2009)....

Currency notes: exchange rates.
June 30, 2009... Byline: RECORDER REPORT Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Monday (June 29, 2009). ============================================= AUTHORISED DEALERS' RATES...

Exchange rates: buying and selling.
June 30, 2009... Byline: RECORDER REPORT Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Monday (June 29, 2009). ========================================= Countries Selling Buying Buying TT&OD TT Clean...

Conversion for foreign currency deposits.
June 30, 2009... Byline: RECORDER REPORT Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Monday (June 29, 2009). =============================================== US DOLLAR POUND...

Barclays bid rates and maximum rates for payment of interest.
June 30, 2009... 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) --...

State Bank of Pakistan conversion rates.
June 30, 2009... 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...

Aaj TV - Tuesday's schedule.
June 30, 2009... Byline: RECORDER REPORT 06:00 News Bulletin 06:25 Headline News 06:30 News Bulletin 06:55 Headline News 07:00 Bolta Pakistan 07:25 Headline News 07:30 Bolta Pakistan 07:55 Headline News 08:00 Aaj Subh (Live From Karachi) 08:25 Headline...

Oil cake market rates.
June 30, 2009... Byline: RECORDER REPORT Rising trend was again witnessed on the forward cottonseed oil cake market on Monday as both the vaidas commenced upwards, dealers said. The July vaida opened with 40 paisa gain at Rs 991.80 and the December...

Steady trend amid thin trade on cotton market.
June 30, 2009... Byline: RECORDER REPORT Steady trend was seen on the cotton market on Monday as prices were firm despite the low buying interest by the mills, dealers said. The official spot rate was left unchanged at Rs 3,350. In the ready business...

Plastic moulding compounds end mixed.
June 30, 2009... Byline: RECORDER REPORT The trading in plastic moulding compounds closed mixed on Jodia Bazar here on Monday. The following changes were noted. PLASTIC MOULDING COMPOUNDS (Per lb): HDPE (INJECTION): Mobil 016 closed lower by Re 1 to...

Firm trend on grain market.
June 30, 2009... Byline: RECORDER REPORT Much changes were not seen on the grain market on Monday as demand and supply were balanced, dealers said. On the cereal side wheat old and new Burdana (with bag) traded with slight rise at Rs 2,390-2,395; other...

World governance shows little improvement: World Bank.
June 30, 2009... The World Bank sees few signs of a positive trend in how people are governed, according to its annual report Monday on the quality of the world's ruling classes. The development bank's report also warned that a devastating financial crisis...

Abu Dhabi wins battle to host renewable energy global headquarters.
June 30, 2009... Abu Dhabi will host the global headquarters of the International Renewable Energy Association (IRENA), it was decided Monday. The decision was announced at the IRENA meeting at the Egyptian resort city of Sharm al-Sheikh. While IRENA's...

First Asian Youth Games open.
June 30, 2009... Byline: RECORDER REPORT The inaugural ceremony of the First Asian Youth Games being held at Singapore from June 29 to July 7 was graced by the Prime Minister of Singapore. Wapda Sports Board President Naveed Akram Cheema led the...

Activity at Karachi and Qasim ports.
June 30, 2009... Byline: RECORDER REPORT The Karachi Port activities were as follows during last 48 hours ending at 0700 hours on Monday. Ten ships namely viz Ocean Trader, Hyundai Duke, Apl Balboa, Heike P, Saigon Express, Hanjin Port Adelaide, Banglar...

FROM A RINGSIDE SEAT.
June 30, 2009... Byline: FIDA HUSSAIN Playing politics is a routine matter for a political government. They need different issues for political mileage. The present regime is lucky enough to have at hand such an issue that remained unexploited in the...

Proposal to impose tax on having 'many children' presented in National Assembly.
June 30, 2009... Byline: RECORDER REPORT A proposal of imposing some kind of tax on having "many children" has been put before the National Assembly here on Monday. The proposal would discourage the fast growing population as stated by the minister for...

'Only grand son of Quaid-e-Azam is Nusli Wadia'.
June 30, 2009... The only grand son of Quaid-e-Azam Mohammad Ali Jinnah is Nusli Wadia, Chief Executive of Bombay Dying & Manufacturing Company who lives in Bombay. There is no other grand son of Quaid-e-Azam. The only great grand sons are sons of Nusli Wadia...

Quaid's relatives warmly welcomed in National Assembly.
June 30, 2009... Byline: RECORDER REPORT National Assembly on Monday warmly welcomed the family members of the father the nation, Quaid-e-Azam Mohammad Jinnah on their visit to the lower House of the Parliament who observed the proceeding for sometime....

UAE to hand over newly built SZH to Azad Kashmir government.
June 30, 2009... A seven-member delegation led by Dr Hanif Hassan Ali, Health Minister of UAE arrived here this morning to attend a handing over ceremony of newly constructed Sheikh Zaid Hospital (SZH), Muzaffarabad to the government of Azad Kashmir. Federal...

Controlling environmental pollution: Afridi urges friendly countries to provide funds.
June 30, 2009... Federal Minister for Environment Hameedullah Jan Afridi has urged friendly countries to provide fund for preventing environmental pollution in the country. He was talking to the British High Commissioner to Pakistan, Robert Brinkley who...

Alternative power supply for blood banks and labs sought.
June 30, 2009... Haematologists and pathologists have sought mandatory provision for reliable alternative power supply at all blood banks and laboratories in the country. Talking to APP on Monday they urged stringent implementation of this very provision...

New Islamabad Airport: over 20 percent construction of airside infrastructure completed.
June 30, 2009... More than 20 percent construction work of "airside infrastructure" of the new Islamabad International Airport which includes pavement works (Runway, Taxiway, Apron etc) has already been completed as commenced in August last year and this...

Exporters demand concessions to meet export targets.
June 30, 2009... Byline: RECORDER REPORT Textile exporters could bring in $25 billion forex from exports in the next two years and 120 billion during the next 10 years, if they were provided a level playing field and productivity-conducive consistencies,...

Loadshedding hits business hard.
June 30, 2009... Byline: RECORDER REPORT The public street protests in Faisalabad, at various sites, against the frequent and prolonged power breakdowns were not surprising. On Monday, FESCO consumers gave vent to their anger in Faisalabad. After the...

JKLL condemns suicide bomb blast in Muzaffarabad.
June 30, 2009... The UK chapter of Jammu Kashmir Liberation League (JKLL) has strongly condemned the suicide bomb blast in Muzaffarabad and reiterated its full support to the brave soldiers of Pakistan Army who laid down their lives to protect the civilians....

Water crisis may hit Multan by 2011.
June 30, 2009... Byline: RECORDER REPORT City District Nazim Multan Mian Faisal Mukhtar said that the city would be hit by a water crisis by 2011, if work on alternate resources was not started. He said that the available water resources would not be...

13 more die of heat stroke.
June 30, 2009... Byline: RECORDER REPORT Another 13 people, including a minor girl, died of heat-stroke in Punjab during the last 24 hours, as temperatures rose to 45 degree Celsius. Provincial Secretary (Health) Anwar Ahmed Khan said," We have been...

New passport mandatory for Hajj applicants.
June 30, 2009... No one can fly to Saudi Arabia from Pakistan to perform Hajj without new Machine Readable Passports and the Haj applications from Pakistani Muslims under government scheme must be submitted to the banks till July 11. Director Haj Lahore,...

No militant training in madaris: ITMP.
June 30, 2009... Byline: RECORDER REPORT Qari Muhammad Hanif Jhulandari, a spokesman of the Ittehad Tanzeemat-i-Madaris Pakistan (Alliance of Federations of Religious Seminaries Pakistan) categorically stated that no religious seminary in Southern Punjab...

Partly Facetious: reward for failure.
June 30, 2009... Byline: ANJUM IBRAHIM "A job badly done!" "I am sorry?" "A job badly done so what would our government do to deal with that?" "Why it all depends on who did the bad work. If you are a nobody then you might get demoted but...

No cut in Punjab irrigation water.
June 30, 2009... Punjab's irrigation water has not been decreased, claimed NA Standing Committee on Sports' Chairman MNA Jamshed Ahmed Dasti on Monday. He regretted that water issue was being politicised by certain political parties and politicians, despite...

Taliban atrocities.
June 30, 2009... Byline: DR FAREEHA KHANUM (MARDAN) I think many in Pakistan have very short memory! Taliban existed much before Musharraf came to power and in my view, they cannot blame Taliban's wrongdoings and atrocities on Musharraf! For the...

Finance Act 2009: epitome of apathy of 'elected representatives'.
June 30, 2009... Byline: HUZAIMA BUKHARI AND DR IKRAMUL HAQ The adoption of Finance Bill 2009 without any meaningful debate and in utter haste - in less than two weeks - by the national parliament has once again proved that our so-called "elected"...

Depending on largesse.
June 30, 2009... Byline: M ANWAR ASI The $7.5 billion aid package approved by US Senate on 25th June, 2009, though couched in very soft words, is a recognition of the fact that Pakistan cannot stand on its feet and will face multifaceted problems without...

Michael Jackson.
June 30, 2009... As his family prepares his funeral plans, the sudden death of Michael Jackson, at the age of 50, continues to generate emotional tributes all over the world. One of the world's best known figures, he commanded star power greater than any...

Power outages.
June 30, 2009... As temperatures have soared to record levels throughout the country, so has loadshedding - both scheduled and unscheduled. Certain areas of Punjab and Sindh are experiencing loadshedding from 10 to 20 hours, most of it unscheduled. The...

More provinces: pros and cons.
June 30, 2009... Creation of a separate province comprising Seraiki belt is not a new demand, nor is its revival a conspiracy against the PML (N) government in Punjab as alleged by Chaudhry Nisar Ali Khan. He should know that among the people who have voiced...

Best Corporate Reports 2008: Adamjee Insurance receives award.
June 30, 2009... Adamjee Insurance Company Limited (AICL) was awarded for the Best Corporate Reports 2008 (BCR) in the non-banking financial institutions category. The awards, which are adjudged jointly by the Institute of Cost and Management Accountants of...

Beverage industry reaches $2 billion benchmark.
June 30, 2009... The Pakistan Beverages Industry is constantly growing and currently has reached two billion dollars benchmark, while in the last eight to nine months the industry also witnessed 18 percent growth. This was disclosed by Country Manager,...

Rs 1.166 billion budget of Gulshan-e-Iqbal Town announced.
June 30, 2009... A record Rs 1.166 billion surplus budget of Gulshan-e-Iqbal Town for fiscal 2009-10 was presented by Nazim Wasey Jalil here on Monday and approved unanimously. Convenor of the Council and Naib Nazim Shoaib Akhtar, TMO Shafiqur Rehman and...

Sindh government's technical committee to discuss 31 uplift schemes today.
June 30, 2009... Byline: RECORDER REPORT The technical committee of Sindh government would discuss at least 31 development projects in a meeting today (Tuesday), sources told Business Recorder on Monday. They said the meeting would be held in the...

Seven Information officers promoted.
June 30, 2009... Byline: RECORDER REPORT The Secretary to Information, Government of Sindh has on the recommendation of Departmental Promotion Committee-I and with the approval of Chief Secretary Sindh promoted seven Information Officers (BPS-17) as...

LHCBA condemns torture on lawyers in Kasur.
June 30, 2009... Byline: RECORDER REPORT Lahore High Court Bar Association (LHCBA) representatives have condemned the torture on lawyers in Kasur at the hands of local police and Wapda officials. They also condemned police torture on a journalist Ghulam...

Etihad offers US Independence Day discount fares.
June 30, 2009... Etihad Airways, the national airline of the United Arab Emirates, is planning a special US Independence Day sales promotion offering traveller from all over Pakistan amazing fares to both their destinations in USA - New York and Chicago....

Sindhi Malakhra corner established.
June 30, 2009... Byline: RECORDER REPORT The Institute of Sindhology, University of Sindh has established first time in its history a corner of Sindhi Malakhra at its museum. The Vice Chancellor University of Sindh Mazharul Haq Siddiqui inaugurated the...

'Pakistan part of emerging markets in global dairy industry growth'.
June 30, 2009... Pakistan is part of the emerging markets, which are leading much of the growth in the global dairy industry accounting for nearly 95.8 percent of the growth. In the past four years, these markets India, China and Middle East besides Pakistan...

Girls take top positions in SSC Part-II exam.
June 30, 2009... The Board of Secondary Education Karachi (BSEK) on Monday announced the result of the SSC Part II Annual Examination 2009 of the General Group for Regular and Private candidates. Farah Dhunjishaw Ferozepurwalla of the Mama Parsi Girls...