Business Recorder articles from June 2011

Business Recorder archives from June 2011

Cotton Spot Rates.
June 30, 2011... Byline: RECORDER REPORT =========================================================================== The KCA Official Spot Rate for Local Dealings in Pak Rupees --------------------------------------------------------------------------- FOR...

Non ferrous metals, ferrous alloy rates.
June 30, 2011... Byline: RECORDER REPORT ======================================= Non-ferrous metals, ferrous alloy rates ======================================= Rate / Kilo Rs. ======================================= Zinc Ingot 99-995 295.00 Lead Ingot...

Lahore Paper Market Rates.
June 30, 2011... Byline: RECORDER REPORT ====================================== OFFSET PAPER (PER LB) ====================================== Indonesia -------------------------------------- 23x36 75 57 27x34 75 57 25.5x36 75 57 30x40 75...

Poultry Rates.
June 30, 2011... Byline: RECORDER REPORT Wholesale poultry rates on Wednesday (June 29, 2011) and for Thursday (June 30, 2011). Eggs: Rs.2070/2075 per 30 dozen; Broiler Birds (live): Rs.152 per kilogram; Cull Birds (live): Rs.70 per kilo. Rates For...

Pakistan Mercantile Exchange - PMEX.
June 30, 2011... Byline: RECORDER REPORT ======================================================================================================================== ====================== Date Commodity Contract Price Open High Low Close Traded...

Kerb buying and selling rate of US dollar.
June 30, 2011... Byline: RECORDER REPORT ======================== Open Buying Rs.86.15 Open Selling Rs.86.35 ======================== Dollar buying and selling rate in the kerb market in rupees on Wednesday (June 29, 2011). Copyright 2011 Business...

Dollar's rate in interbank market.
June 30, 2011... Byline: RECORDER REPORT ======================== Buying Rs.86.04 Selling Rs.86.08 ======================== Interbank closing rates for dollar on Wednesday (June 29, 2011). Copyright 2011 Business Recorder

Shipping Intelligence.
June 30, 2011... Byline: RECORDER REPORT ============================================================================= VESSELS ON BERTH ============================================================================= Berth Ship Working Agent Berthing No...

THE RUPEE: dollar lower.
June 30, 2011... Byline: RECORDER REPORT Firmness prevailed on the currency market on Wednesday as the rupee managed to recover slightly in relation to dollar, experts said. The rupee inched up versus the greenback, picking up three paisa for buying at 86.1...

Bank: MCB BANK LIMITED - Analysis of Financial Statements - Financial Year 2009 - 1Q 2011.
June 30, 2011... The past three years have been nothing short of a bumpy ride for the financial sector of Pakistan; with the mismatch in demand and supply stirring inflationary trends in the market reinforced by grave fiscal indiscipline there was little in the...

Revised Rates of Debt Securities.
June 30, 2011... Byline: RECORDER REPORT =============================================================================================================== RATES OF DEBT...

Cross Transactions between Client to Client & Financial Institutions.
June 30, 2011... Byline: RECORDER REPORT ==================================================================== CROSS TRANSACTIONS BETWEEN CLIENT TO CLIENT & FINANCIAL INSTITUTIONS ==================================================================== As...

Mutual Funds Association of Pakistan.
June 30, 2011... Byline: RECORDER REPORT ======================================================================================================================== ============================== Funds Name Asset Manager Category Offer Repurchase...

Presentation.
June 30, 2011... Byline: RECORDER REPORT =================================================== COMPANY DATE TIME =================================================== Engro Foods Limited 30.06.2011 4:00 pm =================================================== ...

BRIndex30 and BR Sectoral Indices.
June 30, 2011... Byline: RECORDER REPORT =================================== BR INDICASE AT A GLANCE =================================== BRINDEX30 - =================================== Day Close: (-) 8,632.21 High: 8,798.12 Low: 8,624.91 Net Change:...

BOARD MEETINGS.
June 30, 2011... Byline: RECORDER REPORT ============================================================= Name of company Date Time ============================================================= Johnson & Phillips (Pakistan) Ltd 30.06.2011 11:00 am United...

Board Meetings.
June 30, 2011... Byline: RECORDER REPORT ======================================================================================= Company SCHEDULED ON TIME PLACE TO...

Last date of renunciation/payment.
June 30, 2011... Byline: RECORDER REPORT ======================================================================================== COMPANY Trading in L/Right Last Date for Last Date of Spot From Premium w.e.f. Payment/Ren....

Provisionally listed companies.
June 30, 2011... Byline: RECORDER REPORT ==================================================== Company Trading commenced from ==================================================== Asia Insurance Company Limited...

Clearing Schedule for T+2 System.
June 30, 2011... Byline: RECORDER REPORT ================================================================ CLEARING SCHEDULE FOR T+2 SYSTEM FOR THE MONTH OF JUNE AND JULY 2011 ================================================================ TRANSACTION...

Proposed right issues.
June 30, 2011... Byline: RECORDER REPORT ==================================================================== PROPOSED RIGHT ISSUE ==================================================================== Company...

EFU GUARANT GROWTH FUND Rates.
June 30, 2011... Byline: RECORDER REPORT ===================== Offer Price 590.42 Bid Price 560.89 ===================== EFU Guarant Growth Fund Rates on Wednesday (June 29, 2011). Copyright 2011 Business Recorder

EFU Aitemad Growth Fund Rates.
June 30, 2011... Byline: RECORDER REPORT ===================== Offer Price 674.93 Bid Price 641.18 ===================== EFU Aitemad Growth Fund Rates on Wednesday (June 29, 2011). Copyright 2011 Business Recorder

EFU Capital Growth Fund Rates.
June 30, 2011... Byline: RECORDER REPORT ===================== Offer Price 241.02 Bid Price 228.96 ===================== EFU Capital Growth Fund Rates on Wednesday (June 29, 2011). Copyright 2011 Business Recorder

NJLI YAQEEN GROWTH FUND RATES.
June 30, 2011... Byline: RECORDER REPORT ===================== Offer Price 606.85 Bid Price 576.49 ===================== NJLI Yaqeen Growth Fund Rates on Wednesday (June 29, 2011). Copyright 2011 Business Recorder

EFU Managed Growth Fund Rates.
June 30, 2011... Byline: RECORDER REPORT ===================== Offer Price 833.92 Bid Price 792.22 ===================== EFU Managed Growth Fund Rates on Wednesday (June 29, 2011). Copyright 2011 Business Recorder

EFU Pension Growth Fund Rates.
June 30, 2011... Byline: RECORDER REPORT ===================== Offer Price 160.57 Bid Price 152.54 ===================== EFU Pension Growth Fund Rates on Wednesday (June 29, 2011). Copyright 2011 Business Recorder

NJLI MEESEQ Fund Rates.
June 30, 2011... Byline: RECORDER REPORT ===================== Offer Price 566.99 Bid Price 538.63 ===================== NJLI Meeseq Fund Rates on Wednesday (June 29, 2011). Copyright 2011 Business Recorder

NJLI Sarmaya Growth Fund Rates.
June 30, 2011... Byline: RECORDER REPORT ===================== Offer Price 274.60 Bid Price 260.86 ===================== New Jubilee Life Insurance Sarmaya Growth Fund Rates on Wednesday (June 29, 2011). Copyright 2011 Business Recorder

NJLI Managed Growth Fund Rates.
June 30, 2011... Byline: RECORDER REPORT ===================== Offer Price 592.58 Bid Price 562.94 ===================== New Jubilee Life Insurance Managed Growth Fund Rates on Wednesday (June 29, 2011). Copyright 2011 Business Recorder

Pakistan Government International Bonds.
June 30, 2011... Byline: RECORDER REPORT ====================================================================== Pakistan Government International Bonds ====================================================================== Bid Offer Bid Offer Mid...

US treasuries bid yields.
June 30, 2011... Byline: RECORDER REPORT =========================================================================== US TREASURIES (BID YIELDS) =========================================================================== DATE 1 MO 3 MO 6 MO 1 YR 2 YR 3 YR 5...

US treasuries bid prices.
June 30, 2011... Byline: RECORDER REPORT ======================================================================================= US TREASURIES (BID PRICES) ======================================================================================= DATE 1 MO 3...

Currency values in terms of Special Drawing Rights.
June 30, 2011... Byline: RECORDER REPORT ====================================================================================== June 29, 2011 ====================================================================================== Currency units per SDR SDR...

London Interbank Offered Rates.
June 30, 2011... Byline: RECORDER REPORT ====================================================== Rates at 11:00 London time Wednesday (June 29, 2011) ====================================================== USD GBP CAD EUR...

Open market rates of foreign currencies.
June 30, 2011... Byline: RECORDER REPORT ========================================================================= CURRENCY BUYING SELLING CURRENCY BUYING SELLING ========================================================================= US$ O/M 85.05 86.25...

Spot dollar rates.
June 30, 2011... Byline: RECORDER REPORT ======================================= Ex Interbank Rate PKR against USD ======================================= BID OFFER CLOSE ======================================= Ready 86.0200 86.0400 86.0300 1 week...

Banks' rates for currency notes (buying and selling).
June 30, 2011... Byline: RECORDER REPORT =================================== Selling Buying =================================== US DOLLAR 86.91 84.78 SAUDI RIYAL 23.18 22.61 UK POUND STG 138.96 135.52 JAPANESE YEN 1.0724 1.0460 EURO 124.73...

Money Market Report.
June 30, 2011... Byline: RECORDER REPORT Money market report by Khadim Ali Shah Bukhari & Co on Wednesday (June 29, 2011). DAILY MONEY MARKET COMMENTS: Money market initiated at the level of 11.10% - 11.25%. Major deals were done in the range of 11.05%...

Bill buying rates per unit of currency.
June 30, 2011... Byline: RECORDER REPORT ======================================================================== BILL BUYING RATES PER UNIT OF CURRENCY ======================================================================== Bill 30 Days 60 Days 90 Days...

Interest rates on old and incremental FCY deposits.
June 30, 2011... Byline: RECORDER REPORT ================== Rates % pa ================== USD 0.1000 GBP 0.1000 JPY 0.0000 ================== Interest rates on old and incremental FCY deposits on Wednesday (June 29, 2011). Copyright 2011 Business...

Interest rates on new foreign currency deposits.
June 30, 2011... Byline: RECORDER REPORT ================================================= INTEREST RATES ON NEW FOREIGN CURRENCY DEPOSITS US DOLLAR ================================================= PERIOD FOR THE MONTH OF JUNE 2011 %...

LIBOR calculating interest on US dollar.
June 30, 2011... Byline: RECORDER REPORT ========================================= BONDS LIBOR VALUE ========================================= 6 MONTHS US DOLLAR 0.4028 29-06-2011 ========================================= London Interbank Offer Rates...

Exchange rates: buying and selling.
June 30, 2011... Byline: RECORDER REPORT ========================================= Countries Selling Buying Buying TT&OD TT Clean OD/T.CHQ ========================================= USA 86.05 85.85 85.63 UK 137.59 137.27 136.89 EURO 123.50 123.21...

Conversion for foreign currency deposits.
June 30, 2011... Byline: RECORDER REPORT =============================================== US DOLLAR POUND STERLING EURO JAPANESE YEN =============================================== 86.0600 137.1280 122.8334...

Currency notes: exchange rates.
June 30, 2011... Byline: RECORDER REPORT ============================================= AUTHORISED DEALERS' RATES FOR CURRENCY NOTES ============================================= COUNTRY SELLING BUYING ============================================= USA...

State Bank of Pakistan conversion rates.
June 30, 2011... Byline: RECORDER REPORT ========================== US Dollar 86.0600 Pound Sterling 137.1280 Euro 122.8334 Japanese Yen 1.0644 ========================== Rates applicable for conversion into rupees of Foreign Currency Deposits,...

Barclays bid rates and maximum rates for payment of interest.
June 30, 2011... Byline: RECORDER REPORT ======================================================== INTEREST PAYABLE ON FE DEPOSITS ======================================================== BBA BID MAXIMUM RATES RATES FOR PAYMENT OF INTEREST...

Aaj TV - Thursday's schedule.
June 30, 2011... Byline: RECORDER REPORT 00:00 News Hour 00:25 Headline News 00:30 News Hour 00:55 Headline News 01:00 Aaj Ki Khabar 01:25 Headline News 01:30 Aaj Ki Khabar 01:55 Headline News 02:00 Aaj Subh 02:25 Headline News 02:30 Aaj Subh 02:55 News Hour...

SKANS: Where professional excellence is a NORM not a GOAL.
June 30, 2011... SKANS School of Accountancy is one of the most prestigious Accountancy institutes of Pakistan. SKANS is well reputed for setting a standard of excellence in the field of Professional Accountancy and Finance Qualifications. The institute has...

SSUET - brief introduction.
June 30, 2011... The Sponsors of the University, the Old Boys of Aligarh through the Aligarh Muslim University Old Boys' Association, desiring to continue the mission of Sir Syed Ahmed Khan founded Sir Syed University of Engineering & Technology. It is...

Virtual University of Pakistan: Pioneer in innovative education.
June 30, 2011... The University: From the very beginning to its current standing as one of the leading universities of the country, Virtual University (VU) has always been a pioneer in introducing cutting-edge teaching methodology, utilising services of the best...

Man with a great vision.
June 30, 2011... Byline: ENGINEER Z. A. NIZAMI CHANCELLOR SSUET "Higher education plays a significant role in the development of society because it improves and promotes the economic, social, political and cultural life of the nation. In Pakistan,...

SSUET - on the glorious road.(Interview)
June 30, 2011... An interview with Engineer Z. A. Nizami Chancellor Sir Syed University of Engineering & Technology Business Recorder: What is the role of HEC? Z. A. Nizami: The idea of this commission is to co-ordinate the activities of all the...

Farm Advisory Services by FFCL: Fuelling the agricultural economy of Pakistan.
June 30, 2011... Fauji Fertiliser Company Limited (FFCL), the largest fertiliser manufacturing and marketing company in Pakistan was incorporated in 1978. The company owns three urea plants with an annual production capacity of about 2.4 million tons. FFCL is...

Pakistan agriculture.
June 30, 2011... Pakistan is an agricultural country and the agriculture gains are more important than any other sector. The agriculture sector not only feeds people, but also provides raw material for industry and is a base for foreign trade. Despite its...

Activity at Karachi and Qasim ports.
June 30, 2011... Byline: RECORDER REPORT The Karachi Port handled 62,344 tonnes of cargo including 38,004 tonnes of import cargo, 24,340 tonnes of export cargo and 2,059 loaded & empty containers during last 24 hours ended at 0700 hours on Wednesday. The...

Oil cake market rates.
June 30, 2011... Byline: RECORDER REPORT Rising trend was witnessed on the forward cottonseed oilcake market on Wednesday while the December vaida was unchanged in process of trading, dealers said. The July contract that had closed at 1425.70 and it opened...

Chemical items mixed on Jodia Bazaar.
June 30, 2011... Byline: RECORDER REPORT The trading in chemical items moved both ways on Jodia Bazaar here on Wednesday. The following changes were noted. CHEMICAL ITEMS (Per 40 kg): Caustic soda flakes Saudi edged up by Re 1 to Rs 51, sodium sulphate...

Lean business seen on grain market.
June 30, 2011... Byline: RECORDER REPORT Slow trading activity was seen on wholesale grain market on Wednesday in process of trading, dealers said. On the rice sector Irri-6 Sindh low type rose by Rs 25 to Rs 3700 while the good type did not move after...

WC first round qualifier: Bangladesh post easy win over Pakistan.
June 30, 2011... Bangladesh built a comfortable advantage in their 2014 FIFA World Cup first round football qualifier after easing to a 3-0 win over Pakistan on Wednesday. Zahid Hasan Emily gave Bangladesh the perfect start by opening the scoring just 60 seconds...

Al-Bashir's China visit yields oil, infrastructure deals.
June 30, 2011... China and Sudan signed oil and infrastructure agreements Wednesday after President Hu Jintao met with his Sudanese counterpart, Omar al-Bashir. Hu said al-Bashir's visit to Beijing would "solidify and develop the traditional China-Sudan...

IBF, WWF-P to address environmental issues jointly.
June 30, 2011... The Institute of Business and Finance (IBF) collaborates with WWF Pakistan to help develop the students in, to work for the betterment of the environment. According to a press release issued by the Institute of Business and Finance here on...

Availing amnesty scheme: FBR not to extend last date.
June 30, 2011... Byline: RECORDER REPORT Federal Board of Revenue (FBR) Member Inland Revenue Khawar Khurshid Butt has said on Wednesday the FBR will not extend the last date for availing amnesty schemes announced through SRO.647 (I)/2011, SRO.648 (I)/2011...

National assets: National Assembly body for fool-proof security arrangements.
June 30, 2011... The National Assembly Standing Committee on Defence on Wednesday stressed for making fool proof security of the national assets and adopting necessary measures for preventing them from terrorist attacks in future. The Committee met here under...

FBR set to achieve Rs 1,588 billion target.
June 30, 2011... Byline: RECORDER REPORT The Federal Board of Revenue with Herculean efforts has succeeded in provisionally amassing Rs 1554 billion during July-June 29, 2011 against the target of Rs 1,588 billion, confirming possible achievement of the...

Airblue plane crash: Ministry asked to complete payment of compensation within four weeks.
June 30, 2011... The National Standing Committee on Human Rights on Wednesday directed the Ministry of Defence to complete payment of compensation within four weeks to all the legal heirs of passengers who had died in the crash of Airblue aircraft. The Committee...

Summer hotter than that of last year: survey.
June 30, 2011... According to the results of a Gilani Research Foundation survey carried out by Gallup Pakistan, 74 percent of Pakistanis stated that summer this time around was definitely hotter than last year. In a survey, a nationally representative sample...

FBR clarifies.
June 30, 2011... Byline: RECORDER REPORT The Federal Board of Revenue (FBR) has clarified that in a case where refund becomes due to any person in consequence of a decision or judgement at any stage after the issuance of this notification, the sales tax or...

Car workshop owner, worker shot dead.
June 30, 2011... Byline: RECORDER REPORT An owner of an automobile shop and his labourer on Wednesday were shot dead while another labourer was injured near Al Asif Square within the limits of Sohrab Goth police station. According to police, the incident...

LA-41 Kashmir Valley-6: EC criticised for polls postponement.
June 30, 2011... Byline: AMJAD ALI SHAH PPP provincial president, Syed Zahir Ali Shah, has criticised the Election Commission for postponement of elections in Legislative Assembly LA-41 Kashmir Valley-6, and termed that it was a conspiracy to deprive Kashmiri...

AJK election: Firdous urges PML-N to accept PPP victory.
June 30, 2011... Byline: RECORDER REPORT Dr Firdous Ashiq Awan, Federal Minister for Information and Broadcasting Wednesday, urged PML-N to stop politics on Kashmir and accept the mandate given by people of Azad Kashmir. While reacting to the allegations...

Three killed, 17 hurt in roof collapse.
June 30, 2011... In two separate incidents of roof collapse three people were killed while 17 others received injuries early Wednesday in Shahadara and Walton colony. According to initial reports and Rescue 1122 sources, three workers were killed as the roof of...

Golden jubilee celebrations: ICAP to organise two-day conference.(Conference news)
June 30, 2011... Byline: RECORDER REPORT Institute of Chartered Accountants of Pakistan (ICAP) is going to organise a two-day conference from July 26-27 to observe its 50th anniversary. Pervez Muslim, Chairman Conference Committee ICAP stated this, while...

15 officers booked on corruption charges.
June 30, 2011... Anti Corruption Multan on Wednesday booked 15 officials including district officer water management, tehsildar of land requisition, inspector excise and others on the charges of corruption, nepotism and unfair use of authority. The Anti...

Workshop on power sector: electricity shortage attributed to rising circular debt.
June 30, 2011... Byline: MUSHTAQ GHUMMAN The US Agency for International Development (USAID) has expressed serious concern over the alarming rise in the inter-circular debt of energy sector due to which consumers are not being supplied power. "Until cash...

Long outstanding dues of advertising agencies: APNS condemns delaying tactics.
June 30, 2011... The Executive Committee of the All Pakistan Newspapers Society at its meeting held on June 29, 2011 at Islamabad chaired by the Acting President Mehtab Khan adopted the following resolution: The Executive Committee of the All Pakistan Newspapers...

Partial solar eclipse on July 1.
June 30, 2011... A partial solar eclipse will be visible from southern ocean of South Africa on July 1 (Friday), according to the report issued by Pakistan Meteorological Climate Data Processing Centre. However, it will begin at 1254 hours and end at 1423 hours,...

Saleem Shehzad case probe: public asked to provide relevant material/information.
June 30, 2011... The Secretary of the Judicial Commission on Syed Saleem Shehzad case has called upon the general public to provide any relevant information and/or material one may have that could help in the murder case investigation. "If anyone from the...

Pakistan committed to facilitating Afghan reconciliation process: Prime Minister.
June 30, 2011... Prime Minister Syed Yousuf Raza Gilani said on Wednesday that Pakistan was committed to playing a facilitator's role in the Afghan reconciliation process for restoration of peace and stability in Afghanistan and the region. Talking to Australian...

Sindh University vice chancellor returns after attending international moot.
June 30, 2011... Byline: RECORDER REPORT Vice Chancellor Sindh University Professor Nazir A.Mughal, who participated at the United Nation session on Thematic Debate on International Migration and Development, New York, has returned and resumed his office. Dr...

Enforcement by BTB units: 22,000 undocumented persons brought into tax net.
June 30, 2011... Byline: RECORDER REPORT The Directorate-General of Intelligence and Investigation, Inland Revenue, has enforced record number of 22,000 income tax returns by undocumented persons up to June 29, 2011 with provisional assessments against over...

Current expenditure for fiscal year 2012: Rs 2.646 billion allocated for health affairs, services.
June 30, 2011... Byline: AGHA ALI RAZA The government has allocated Rs 2.646 billion for health affairs and services under current expenditure for the fiscal year 2011-12, which is Rs 4.809 billion less than actual spending in 2010-11. After decision to...

Byco plans storage facilities at MehmoodKot, Machike, Shikarpur.
June 30, 2011... In order to increase its storage capacity, Byco Petroleum Pakistan Limited (BPPL) is planning to develop new storage facilities at MehmoodKot, Machike and Shikarpur. The land procurement is in final stages for proposed Machike and MehmoodKot...