Business Recorder articles from June 2012

Business Recorder archives from June 2012

LME Official Prices
June 30, 2012... Byline: RECORDER REPORT =============================================================================================== Aluminium Aluminium Copper Lead Nickel Tin Zinc Nasaac Alloy...

Lahore Grain Market Rates
June 30, 2012... Byline: RECORDER REPORT ======================================= Per 100 kg ======================================= Sugar 5160-5200 Gur 5800-6000 Shakar 6500-7000 Ghee (16 kg) 2480-2670 Almond (Kaghzi) 28000-40000 Almond (Simple) 10500-15000...

Karachi Yarn Market Rate
June 30, 2012... Byline: RECORDER REPORT =================================== CONES CARDED =================================== 10/1 Popular Fibre 1000.00 Diwan 1000.00 16/1. United 1110.00 Popular Fibre 1020.00 Abdullah Textile 1020.00 Indus 1100.00 21/1....

Lahore Paper Market Rates
June 30, 2012... Byline: RECORDER REPORT ====================================== OFFSET PAPER ====================================== INDONESIA (PER LB) ====================================== 23x36 75 57 27x34 75 57 25.5x36 75 57 30x40 75 57...

Pakistan Mercantile Exchange - PMEX
June 30, 2012... Byline: RECORDER REPORT ======================================================================================================================== ====================== Total Volume - Lots 21,213 Total Volume - Rs 5,167,378,769...

Shipping Intelligence
June 30, 2012... Byline: RECORDER REPORT ============================================================================ VESSELS ON BERTH ============================================================================ Berth Ship Working Agent Berthing No Date...

THE RUPEE: Mixed Trends
June 30, 2012... Byline: RECORDER REPORT The rupee moved both ways against dollar on the currency market on Friday in process of payment to the IMF, dealers said. Money experts said that despite the payment of 300 million dollars to the International Monetary...

Rates of Debt Securities
June 30, 2012... Byline: RECORDER REPORT ======================================================================================================================== === RATES OF DEBT SECURITIES...

Member to Member
June 30, 2012... Byline: RECORDER REPORT ======================================================================= MEMBERS HAVE SUBSEQUEN THE FOLLOWING TRANSACTIONS MEMBER TO MEMBER ======================================================================= As on:...

Cross Transactions between Client to Client & Financial Institutions
June 30, 2012... Byline: RECORDER REPORT ============================================================================ CROSS TRANSACTIONS BETWEEN CLIENT TO CLIENT & FINANCIAL INSTITUTIONS...

Mutual Funds Association of Pakistan
June 30, 2012... Byline: RECORDER REPORT ======================================================================================================================== ======================= Names Asset Manager Category Offer Repurchase Validity of Fund Price Price...

BRIndex30 and BR Sectoral Indices
June 30, 2012... Byline: RECORDER REPORT =================================== BR INDICASE AT A GLANCE =================================== BRINDEX30 - =================================== Day Close: (-) 9,859.37 High: 10,051.22 Low: 9,849.73 Net Change: (-) 74.4...

Board Meetings
June 30, 2012... Byline: RECORDER REPORT ========================================================= Name of company Date Time ========================================================= Pak Oman Advantage Islamic 03.07.2012 11:00 am Pak Oman Advantage Islamic...

Board Meetings
June 30, 2012... Byline: RECORDER REPORT ==================================================================================== Company SCHEDULED ON TIME PLACE TO CONSIDER ==================================================================================== Faysal...

Clearing Schedule for T+2 System
June 30, 2012... Byline: RECORDER REPORT ================================================================ CLEARING SCHEDULE FOR T+2 SYSTEM FOR THE MONTH OF JUNE AND JULY 2012 ================================================================ TRANSACTION...

US Treasuries Bid Yields
June 30, 2012... Byline: RECORDER REPORT =========================================================================== US TREASURIES (BID YIELDS) =========================================================================== DATE 1 MO 3 MO 6 MO 1 YR 2 YR 3 YR 5 YR 7...

US Treasuries Bid Prices
June 30, 2012... Byline: RECORDER REPORT ======================================================================================= US TREASURIES (BID PRICES) ======================================================================================= DATE 1 MO 3 MO 6...

Open Market Rates of Foreign Currencies
June 30, 2012... Byline: RECORDER REPORT ========================================================================= CURRENCY BUYING SELLING CURRENCY BUYING SELLING ========================================================================= US$ O/M 95.60 95.80 Hong...

Currency Values in Terms of Special Drawing Rights
June 30, 2012... Byline: RECORDER REPORT ====================================================================================== June 29, 2012 ====================================================================================== Currency units per SDR SDR per...

Spot Dollar Rates
June 30, 2012... Byline: RECORDER REPORT ======================================= Ex Interbank Rate PKR against USD ======================================= BID OFFER CLOSE ======================================= Ready 94.5400 94.5600 94.5500 1 week 94.6400...

London Interbank Offered Rates
June 30, 2012... Byline: RECORDER REPORT ====================================================== Rates at 11:00 London time Friday (June 29, 2012) ====================================================== USD GBP CAD EUR JPY...

Money Market Report
June 30, 2012... Byline: RECORDER REPORT Money market report by Khadim Ali Shah Bukhari & Co on Friday (June 29, 2012). ================================================================= Repo Rates (Yield p a)...

Exchange Rates: Buying and Selling
June 30, 2012... Byline: RECORDER REPORT ========================================= Countries Selling Buying Buying TT&OD TT Clean OD/T.CHQ ========================================= USA 94.20 94.00 93.80 UK 147.07 146.76 146.43 EURO 118.50 118.25 117.99...

Barclays Bid Rates and Maximum Rates for Payment of Interest
June 30, 2012... Byline: RECORDER REPORT ======================================================== INTEREST PAYABLE ON FE DEPOSITS ======================================================== BBA BID MAXIMUM RATES RATES FOR PAYMENT OF WITH INTEREST BY VALUE DATE...

Aaj TV - Saturday's Schedule
June 30, 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 The Most Respectable Show 07:25:00 Headline News 07:30:00 The Most Respectable Show 07:55:00 Headline News 08:00:00 News Hour...

BRIDGE NOTES: Easy to Overlook
June 30, 2012... Byline: A.K. BHURGRI Today we concentrate on how chances can be combined in bridge to produce the best outcome in terms of percentage odds. Taking a few deals as illustration we look upon the first one. 1. You are in a contract of 6S and...

Check Your Car before Taking Long Holiday Trips
June 30, 2012... Before going on a holiday trip give the car a good check-up to avoid unnecessary problems on the road. A check-up always starts by having a look at the condition of the tyres. They should have at least three millimetres of tread depth left,...

Say No to Drug Abuse
June 30, 2012... Byline: ZARINA PATEL The International Day against Drug Abuse and Illicit drug Trafficking took place on 26 June across the World. The Aim of the day was to raise public awareness about substance/drug abuse and its shattering impact on...

ART FACTS: The Beauty of Simplicity
June 30, 2012... Byline: NADEEM ZUBERI The peaceful faces of women in Zubi Ali's paintings depict calm and content personalities of women of our region which is seldom discussed. Mostly the oppressed feeble and mentally and physically tortured women are the...

KARACHI CHRONICLE: A Nation of Clerks
June 30, 2012... Byline: NARGIS KHANUM During the Raj when the British set up schools and colleges for education in English medium, with a curriculum reflecting only their ideas and values. The real purpose was not for social development of the natives. They...

Raising Structures - Raising Billions
June 30, 2012... Byline: MUHAMMAD ASHRAF TIWANA The Arsalan Iftikhar and Malik Riaz episode has raised many questions. One question is how a small time contractor became so rich and powerful in such a short time. Most people asking this question already know...

Activity at Karachi and Qasim Ports
June 30, 2012... Byline: RECORDER REPORT The Karachi Port handled 94,892 tonnes of cargo comprising 79,116 tonnes of import cargo and 15,776 tonnes of export cargo including 2,234 loaded & empty containers during last 24 hours ended at 0700 hours on...

Hockey Squad for Olympics to Be Named Today
June 30, 2012... Pakistan Hockey Federation's (PHF) selection committee will announce the squad for the London Olympics after trials on Sunday. The selection committee is headed by Olympian Hanif Khan, while Arshad Ali Chawdhry and Khalid Bashir are its members....

T20 World Cup: Kamran, Razzaq among Probables
June 30, 2012... Former wicket keeper batsman Kamran Akmal has been included in the list of 30 probables for the national team squad after getting clearance from Pakistan Cricket Board (PCB)'s Integrity Committee. According to a private news channel, Kamran...

Final Distribution of Funds Managed by AHIL
June 30, 2012... Board of Directors of Arif Habib Investment Limited (AHIL), on June 26, approved the following final distribution for the year ending June 30, 2012 on June 26, 2012. Final distribution - Pakistan International Element Islamic Asset Allocation...

Old Ravians to Form Human Chain to Save GCU
June 30, 2012... Byline: RECORDER REPORT The Old Ravians announced that they would form a human chain around Government College University Lahore if the government tried to bulldoze a single inch of their alma mater for a bus terminal. In a joint press...

People Express Solidarity with Muslims of Myanmar
June 30, 2012... Byline: RECORDER REPORT People all over the country expressed solidarity with the Muslims of Arakan (Myanmar), Burma on Friday, on the appeal of the Ameer, Jamaat e Islami, Pakistan, Syed Munawar Hasan. Rallies were taken out in Karachi,...

FBR Clarifies
June 30, 2012... Byline: RECORDER REPORT The Federal Board of Revenue (FBR) has refused to extend the benefit of the sales tax amnesty scheme under SRO774(I)/2012 to persons, who have made payment of any principal amount of sales tax prior to introduction of...

PLD Striving to Promote Productivity per Animal
June 30, 2012... Byline: ZAHID BAIG Punjab Livestock Department (PLD) is working hard to promote productivity per animal instead of increasing livestock numbers in the province by taking appropriate measures to improve the genetic potential and to provide the...

Minority MPA's Case: Hearing Adjourned till July 5
June 30, 2012... Byline: RECORDER REPORT The Chief Justice of Lahore High Court on Friday adjourned till July 5 the hearing of a petition seeking disqualification of PML-N minority MPA Rana Asif Mahmood having dual nationality. On pervious hearing, the court...

PTCL Introduces New 3G Enabled Tenda Router
June 30, 2012... Pakistan Telecommunication Company Limited (PTCL) has introduced an innovative new 3G enabled Tenda router, empowering its 3G EVO Wireless Broadband customers to create a dynamic Wi-Fi hotspot virtually anywhere. PTCL's EVO and Nitro dongles can...

KFHA Passes Surplus Rs 408.457 Million Budget
June 30, 2012... Byline: RECORDER REPORT Karachi Fish Harbour Authority (KFHA) on Friday passed its surplus budget of Rs 408.457 million for fiscal year 2012-13 with an estimated income of Rs 408.925 million, officials said. The KFHA has earmarked Rs 145...

KSE Index Rises 10.44 Percent during Fiscal Year 2011-12
June 30, 2012... Byline: RECORDER REPORT The benchmark KSE-100 index increased by 1305.38 points or 10.44 percent during the outgoing fiscal year FY12 to close at the level of 13,801.41 points. "Pakistan bourse has generated a gain of 10 percent, based on...

SAI Rejects Proposal to Cut Gas Supply
June 30, 2012... SITE Association of Industry (SAI) Chairman Muhammad Irfan Moton has rejected the federal government proposal to suspend gas supply to the industries in Karachi for two days a week and asked the government to review its decision. He said that...

Strike Observed in Protest against Bomb Blast in Quetta
June 30, 2012... Strike was observed in the provincial capital on Friday in protest against the Hazar Ganji bomb blast, which killed 13 Shia pilgrims and left over 20 critically injured on Thursday. Responding to the call given by the Hazar Democratic Party...

Price of Chicken Meat Down by Rs 40-45 per Kg
June 30, 2012... Byline: N H ZUBERI The price of chicken meat has decline at retail markets of the city at the rate of Rs 40-45/kg in the wake of decreasing consumption of the commodity. Chicken meat price decline to the level of Rs 220 per kg from Rs 270 per...

Performance of Law Department Reviewed
June 30, 2012... Sindh Chief Minister Syed Qaim Ali Shah chaired a meeting to review performance of Law Department. Provincial Law Minister Muhammad Ayaz Soomro, Information Minister Sharjeel Inam Memon, Chief Secretary Raja Muhammad Abbas, Advocate General...

July 1 to 5: DG Rangers-Led Team to Attend Moot at Delhi
June 30, 2012... Pakistani delegation headed by Director General Pakistan Rangers, Sindh, comprising members of Pakistan Rangers, Punjab, Pakistan Rangers, Sindh, Survey of Pakistan, Ministry of Interior and Anti Narcotics Force will visit India to attend...

KSE Notifies Listing of PMCL's PPTFCs
June 30, 2012... Byline: RECORDER REPORT The Karachi Stock Exchange (KSE) on Friday notified the listing of privately placed term finance certificates (PPTFCs) of Rs 2 billion of Pakistan Mobile Communications Limited (PMCL) under the regulations governing...

Fiscal Year 2011-12: Pakistan Likely to Miss Export Target
June 30, 2012... Byline: GHULAM ABBAS Pakistan is going to miss the export target of the outgoing financial year. The country has registered only $21.5 billion worth exports during the last 11 months, which could hardly reach the mark of $24 billion at the...

Partly Facetious: Surjeet Is a Strange Fellow
June 30, 2012... Byline: ANJUM IBRAHIM "It's not fair." "What?" "Surjeet claiming he was a spy as soon as he arrived in India." "Hey, the guy was in prison in this country for over 37 years, so his debt to us has long since been paid." "I think it...

KESC Condemns Harassment of Inspection Teams
June 30, 2012... Karachi Electric Supply Company on Friday condemned harassment of its inspection teams in different areas of the city and asked the authorities to provide security to its employees. It said that a group of armed mobsters threatened and harassed...

Young Leaders' Conference from July 1
June 30, 2012... The Young Leaders' Conference 2012 will commence from July 1 at a local hotel. This was stated by the Chief Executive Officer of the School of Leadership, Ms Shireen Naqvi, on Friday. She said that the week-long event is being held under the...

New Drug Policy to Be Framed with Consultation: Firdous
June 30, 2012... Byline: RECORDER REPORT Federal Minister for National Regulations and Services Dr Firdous Ashiq Awan has said that no new drug related policy would be framed and implemented without due consultation of stakeholders including pharmaceutical...

SKMCH Annual Budget Increases to Rs 4.7 Billion
June 30, 2012... Byline: RECORDER REPORT The Shaukat Khanum Memorial Cancer Hospital & Research Centre annual budget for the year 2012 has been increased to Rs 4.7 billion, out of which one half would be met from donations and Zakat while remaining half...

Low Pressure Gas Supply Badly Hurts Textile Industry: APTMA
June 30, 2012... Byline: RECORDER REPORT All Pakistan Textile Mills Association (Aptma) Punjab spokesman has said that exceptionally low pressure of gas supply has crippled textile industry in Punjab, unable to operate and keep over 10 million jobs intact. He...

MCCI Welcomes Government Move to Withdraw Gas Plan
June 30, 2012... Byline: RECORDER REPORT The Multan Chamber of Commerce and Industry (MCCI) on Friday welcomed the government's decision to withdraw new gas curtailment plan and continue with the supply of gas to industry in Punjab for five days a week. MCCI...

Punjab Government to Take Action against Protesting Doctors
June 30, 2012... Byline: RECORDER REPORT The Punjab government is all set to take strict disciplinary action against doctors, if they fail to resume their duties in OPDs of government hospitals on Saturday (today), as Young Doctors Association (YDA) continued...

Seal Tour Operators' Offices: Ministry of Religious Affairs Directed to Cancel Hajj Quota
June 30, 2012... Byline: RECORDER REPORT The Lahore High Court Chief Justice on Friday directed ministry of religious affairs to cancel Hajj quota and seal offices of the tour operators who defaulted on income tax. The court adjourned to July 4 the...

Acid Victim Accuses Sharmeen of Not Keeping Promises
June 30, 2012... Byline: RECORDER REPORT Acid burn victim Rukhsana has accused Sharmeen Obaid-Chinoy of deviating from her promises to pay her (Rukhsana) Rs 3 million and a home of her own, bersides helping her undergo plastic surgery in return for appearing...

SCCI to Extend Full Cooperation to PRA
June 30, 2012... Byline: RECORDER REPORT President Sialkot Chamber of Commerce and Industry (SCCI) Naeem Anwar Qureshi, in response to Sindh government's reaction to challenge section 4 of the Punjab Sales Tax on Services Act, 2012 has said that the Sindh...

UAF, PP Hold Seminar
June 30, 2012... Byline: RECORDER REPORT The destiny of a nation is vested with the youth as these are the people if guided correctly, they can modify the course of their nation. They have the might of extensive thinking, hard struggle, innovation and...

Speakers Seek Increase in Duration of Punjab Assembly Budget Session
June 30, 2012... Byline: HASSAN ABBAS Speakers at a Citizen's Forum suggested that Punjab Assembly budget session period should be increased from existing 11 to 13 days to at least 30 to 45 days. They said budget should be presented in the House in May every...

Pesco Revises Loadshedding Schedule
June 30, 2012... Byline: RECORDER REPORT Peshawar Electricity Supply Company (Pesco) on Friday issued renewed schedule of loadshedding for urban and rural areas of Khyber Pakhtunkhwa. The company said that due to decrease in power generation and allotted...

Elahi Criticises Shahbaz for Punjab 'Unrest'
June 30, 2012... Byline: RECORDER REPORT Pakistan Muslim League-Q senior leader and Deputy Prime Minister Chaudhry Pervez Elahi said that Punjab government under the leadership of Shahbaz Sharif has failed to shoulder the responsibilities and deliver the...

FBR Asked to Set Up Separate Classification Directorate
June 30, 2012... Byline: RECOREDER REPORT The Federal Tax Ombudsman (FTO) Dr Muhammad Shoaib Suddle has recommended to the Federal Board of Revenue (FBR) to establish a separate Classification Directorate on the pattern of Valuation Directorate to make the...

Hajj Corruption Case: FIA Told to Submit Progress Report
June 30, 2012... Byline: RECORDER REPORT The Supreme Court on Friday sought a detailed report from the Director-General of the Federal Investigation Agency (FIA) pertaining to the progress in the Hajj corruption case after the transfer of Hussain Asghar - the...

Digitising Land Record: Supreme Court Gives Three Months to Provinces
June 30, 2012... Byline: REOCRDER REPORT While resuming the hearing of a suo motu case on corruption in provincial land revenue departments, the Supreme Court granted three months to all provinces to computerise the land revenue record. A three-member bench...

PML-N Launches Public Service Programme
June 30, 2012... Byline: RECORDER REPORT The PML-N is implementing its public service programme by solving people's problems through open katcheries, Punjab Minister for Agriculture Malik Ahmad Ali said on Friday. He was expressing these views while talking...

'Maximum Complaints Filed for Elementary, Secondary Education'
June 30, 2012... Byline: RECORDER REPORT The report of Khyber Pakhtunkhwa Ombudsman revealed that a maximum number of complaints are filed against the Elementary and Secondary education. As many as 74 complaints with of percentage of 14 were registered...

Islamic Banks, Financial Institutions: Amman Hosts First International Forum
June 30, 2012... The first International Forum of Islamic Banks and Financial Institutions was held under the patronage of Prime Minister of Jordan Dr Fayez al-Tarawneh in Amman. The Forum was jointly organised by General Council of Islamic Banks and Financial...

Bhasha Dam to Be Completed in 10 Years: Arbab
June 30, 2012... Byline: RECORDER REPORT Federal Minister for Communications, Dr Arbab Alamgir Khan Khalil, said that the government has launched the Bhasha Dam Project that will be completed in ten years to overcome power shortage; however, the government is...

Need to Raise Awareness about Causes of Cancer: Kausar
June 30, 2012... Byline: RECORDER REPORT Governor, Khyber Pakhtunkhwa, Barrister Masood Kausar while appreciating the contribution of Cancer Patients Welfare Society engaged in supplementing the treatment facilities under the aegis of IRNUM Peshawar has...

Profound Times
June 30, 2012... Byline: EMES HASAN (KARACHI) This refers to a media report that the PPP will not accept any neutral prime minister in formation of a caretaker setup, prior to the holding of the next general election, who would write the dreaded letter to the...

Post of Commerce Secretary: Fahim Recommends Kamran's Name
June 30, 2012... Byline: MUSHTAQ GHUMMAN Commerce Minister, Makhdoom Amin Fahim has, reportedly recommended the name of Karman Qureshi, a grade 22 officer of District Management Group (DMG) as Commerce Secretary, official sources told Business Recorder....

Facing Death Threats, Journalist Battles Mexican Corruption
June 30, 2012... Byline: FRANZ SMETS Death threats and constant protection are part of the daily routine for journalist Ana Lilia Perez, who has used her pen to reveal the corruption that extends to the highest levels of Mexico's energy sector. "You look into...

Confusion, Jubilation, Anger Greet Health Care Ruling
June 30, 2012... Byline: TODD FEATHERS Dueling megaphones on the US Supreme Court steps drowned out the official announcement of the court's ruling on President Barack Obama's key health care reforms Thursday. It was just another sign of how the health care...

Soft Energy Paths
June 30, 2012... Byline: DR ZAFAR ALTAF You may try anything the shortage in energy is not going to go away. The technocrat has never been questioned in Pakistan. Rather he is eulogized and epitomised as a wise man. Why? He quantifies the future as if the...

The President's Dual Office
June 30, 2012... There is no specific provision in the Constitution barring President Zardari from holding dual-office as the Head of State and the head of his party, though a number of constitutional provisions expect of him to stay neutral, impartial and...

Gathering Clouds on the External Sector
June 30, 2012... While the domestic economy faced a number of problems during FY11, the external sector of the country was relatively immune and fared better, with a current account surplus of dollar 0.3 billion after six consecutive years of deficits. Foreign...

BHUs Lacking Equipment, Facilities
June 30, 2012... Byline: RECORDER REPORT Medical equipment and facilities including stretchers, wheelchairs, sterilises, oxygen tents, labour room and mini laboratories are lacking at numerous Basic Health Units (BHUs) monitored in May. FAFEN governance...

94,000 HIV/AIDS Cases Registered across Country: IPC
June 30, 2012... Byline: NAVEED BUTT A total of 94,000 cases of HIV/AIDS have been registered across the country, Senate Standing Committee on Inter-Provincial Co-ordination (IPC) was informed on Friday. The Committee was also told that cases of Leishmania...

Prevention of Electronic Crimes Bill: National Assembly Body Seeks Recommendations
June 30, 2012... Byline: FAZAL SHER The Select Committee of the National Assembly on Friday directed different stakeholders related to IT industry and security agencies to submit their detailed recommendations on the Prevention of Electronic Crimes Bill 2010...

IESCO Facilitates Consumers at Their Doorstep
June 30, 2012... IESCO is facilitating its consumers at their doorstep to provide its best services throughout Islamabad, Rawalpindi, Chakwal, Jhelum and Attock Circles. IESCO requests to its valued consumers to contact IESCO Mobile Unit as per following...