Business Recorder articles from March 2010

Business Recorder archives from March 2010

Lahore Paper Market Rates.
March 31, 2010... Byline: RECORDER REPORT ============================================== OFFSET PAPER (PER LB) ============================================== Indonesia ---------------------------------------------- 23x36 75 49.00 27x34 75 49.00 25.5x36...

Shipping Intelligence.
March 31, 2010... Byline: RECORDER REPORT ===================================================================================== VESSELS ON BERTH ===================================================================================== Berth Ship Working Agent...

Kerb buying and selling rate of US dollar.
March 31, 2010... Byline: RECORDER REPORT ============================== Open Buying Rs 84.15 Open Selling Rs 84.35 ============================== Dollar buying and selling rate in the kerb market in rupees on Tuesday (March 30, 2010). Copyright 2010...

Dollar's rate in interbank market.
March 31, 2010... Byline: RECORDER REPORT ============================== Buying Rs 83.98 Selling Rs 84.00 ============================== Interbank closing rates for dollar on Tuesday (March 30, 2010). Copyright 2010 Business Recorder

THE RUPEE: dollar fluctuates.
March 31, 2010... Byline: RECORDER REPORT The rupee showed mixed trend versus dollar on the local currency market on Tuesday amid increased demand for the greenback, experts said. On the interbank market the rupee gave up firmness in terms of dollar, losing 10...

Insurance: EAST WEST INSURANCE COMPANY LIMITED - Analysis of Financial Statements Financial Year 2005 - Financial Year 2009.
March 31, 2010... At present there are 54 insurance companies out of which 49 companies offer non-life insurance and 5 offer life insurance services. The non-life insurance industry also includes six companies that provide health insurance coverage as well. ...

Revised Rates of Debt Securities.
March 31, 2010... Byline: RECORDER REPORT ============================================================================================================== RATES OF DEBT...

Cross Transactions between Client to Client & Financial Institutions.
March 31, 2010... Byline: RECORDER REPORT ==================================================================== CROSS TRANSACTIONS BETWEEN CLIENT TO CLIENT & FINANCIAL...

Member to Member.
March 31, 2010... Byline: RECORDER REPORT ============================================================================== MEMBERS HAVE SUBSEQUENTLY REPORTED THE FOLLOWING TRANSACTIONS MEMBER TO...

Funds Association of Pakistan.
March 31, 2010... Byline: RECORDER REPORT ======================================================================================================================== ============ Names Asset Manager Category Offer Repurchase Validity of Fund Price...

BRIndex30 and BR Sectoral Indices.
March 31, 2010... Byline: RECORDER REPORT ==================================== BR INDICASE AT A GLANCE ==================================== BRINDEX30 - ==================================== Day Close (-) 8,493.79 High: 8,627.95 Low: 8,497.81 Net Change:...

BOARD MEETINGS.
March 31, 2010... Byline: RECORDER REPORT ================================================================== Name of Company Date Time ================================================================== The Ittefaq General Ins Co Ltd 31.03.2010 12:00...

Despatch of dividend warrants.
March 31, 2010... Byline: RECORDER REPORT ======================================================================================= Company Year Ended/Ending Dividend/Bonus Dispatched...

Board Meetings.
March 31, 2010... Byline: RECORDER REPORT ========================================================================================== Company SCHEDULED ON TIME PLACE TO...

Last date of renunciation/payment.
March 31, 2010... Byline: RECORDER REPORT =============================================================================== LAST DATE FOR RENUNCIATION/PAYMENT =============================================================================== COMPANY Trading in...

Proposed right issues.
March 31, 2010... Byline: RECORDER REPORT =============================================================================== PROPOSED RIGHT ISSUE =============================================================================== Company...

Provisionally listed companies.
March 31, 2010... Byline: RECORDER REPORT ==================================================== Company Trading commenced from ==================================================== - - ==================================================== Provisional...

Clearing Schedule for T+2 System.
March 31, 2010... Byline: RECORDER REPORT ================================================================ CLEARING SCHEDULE FOR T+2 SYSTEM FOR THE MONTHS OF MARCH & APRIL...

EFU GUARANT GROWTH FUND Rates.
March 31, 2010... Byline: RECORDER REPORT ====================== Offer Price 523.66 Bid Price 497.47 ====================== EFU Guarant Growth Fund Rates on Tuesday (March 30, 2010). Copyright 2010 Business Recorder

EFU Aitemad Growth Fund Rates.
March 31, 2010... Byline: RECORDER REPORT ====================== Offer Price 598.76 Bid Price 568.82 ====================== EFU Aitemad Growth Fund Rates on Tuesday (March 30, 2010). Copyright 2010 Business Recorder

EFU Capital Growth Fund Rates.
March 31, 2010... Byline: RECORDER REPORT ====================== Offer Price 220.36 Bid Price 209.34 ====================== EFU Capital Growth Fund Rates on Tuesday (March 30, 2010). Copyright 2010 Business Recorder

EFU Managed Growth Fund Rates.
March 31, 2010... Byline: RECORDER REPORT ====================== Offer Price 745.88 Bid Price 708.58 ====================== EFU Managed Growth Fund Rates on Tuesday (March 30, 2010). Copyright 2010 Business Recorder

EFU Pension Growth Fund Rates.
March 31, 2010... Byline: RECORDER REPORT ====================== Offer Price 138.00 Bid Price 131.10 ====================== EFU Pension Growth Fund Rates on Tuesday (March 30, 2010). Copyright 2010 Business Recorder

NJLI YAQEEN GROWTH FUND RATES.
March 31, 2010... Byline: RECORDER REPORT ====================== Offer Price 541.04 Bid Price 513.98 ====================== NJLI Yaqeen Growth Fund Rates on Tuesday (March 30, 2010). Copyright 2010 Business Recorder

NJLI MEESEQ Fund Rates.
March 31, 2010... Byline: RECORDER REPORT ====================== Offer Price 505.19 Bid Price 479.92 ====================== NJLI Meeseq Fund Rates on Tuesday (March 30, 2010). Copyright 2010 Business Recorder

NJLI Sarmaya Growth Fund Rates.
March 31, 2010... Byline: RECORDER REPORT ====================== Offer Price 232.76 Bid Price 221.11 ====================== New Jubilee Life Insurance Sarmaya Growth Fund Rates on Tuesday (March 30, 2010). Copyright 2010 Business Recorder

NJLI Managed Growth Fund Rates.
March 31, 2010... Byline: RECORDER REPORT ====================== Offer Price 501.94 Bid Price 476.83 ====================== New Jubilee Life Insurance Managed Growth Fund Rates on Tuesday (March 30, 2010). Copyright 2010 Business Recorder

Pakistan Government International Bonds.
March 31, 2010... Byline: RECORDER REPORT ====================================================================== Pakistan Government International Bonds ====================================================================== Bid Offer Bid Offer Mid...

US treasuries bid yields.
March 31, 2010... Byline: RECORDER REPORT =========================================================================== US TREASURIES (BID YIELDS) =========================================================================== DATE 1 MO 3 MO 6 MO 2 YR 3 YR 5 YR...

US treasuries bid prices.
March 31, 2010... Byline: RECORDER REPORT ========================================================================================== US TREASURIES (BID PRICES) ========================================================================================== DATE 1...

Open market rates of foreign currencies.
March 31, 2010... Byline: RECORDER REPORT ========================================================================= CURRENCY BUYING SELLING CURRENCY BUYING SELLING ========================================================================= US$ O/M 84.15 84.35...

Currency values in terms of Special Drawing Rights.
March 31, 2010... Byline: RECORDER REPORT ====================================================================================== March 30, 2010 ====================================================================================== Currency units per SDR SDR...

Spot dollar rates.
March 31, 2010... Byline: RECORDER REPORT ======================================= Ex Interbank Rate PKR against USD ======================================= BID OFFER CLOSE ======================================= Ready 84.0200 84.0400 84.0300 1 week...

London Interbank Offered Rates.
March 31, 2010... Byline: RECORDER REPORT ====================================================== Rates at 11:00 London time Tuesday (March 30, 2010) ====================================================== USD GBP CAD EUR...

Bill buying rates per unit of currency.
March 31, 2010... Byline: RECORDER REPORT ======================================================================== BILL BUYING RATES PER UNIT OF CURRENCY ======================================================================== Bill 30 Days 60 Days 90 Days...

Banks' rates for currency notes (buying and selling).
March 31, 2010... Byline: RECORDER REPORT =================================== Selling Buying =================================== US DOLLAR 84.84 82.78 SAUDI RIYAL 22.62 22.06 UK POUND STG 127.20 124.10 JAPANESE YEN 0.9202 0.8974 EURO 114.40...

Money Market Report.
March 31, 2010... Byline: RECORDER REPORT Money market report by Khadim Ali Shah Bukhari & Co on Tuesday (March 30, 2010). DAILY MONEY MARKET COMMENTS: Money market initiated at the level of 10.00% - 10.25%. In Repo, major deals were done in the range...

Interest rates on new foreign currency deposits.
March 31, 2010... Byline: RECORDER REPORT ================================================= INTEREST RATES ON NEW FOREIGN CURRENCY DEPOSITS US DOLLAR ================================================= PERIOD FOR THE MONTH OF MARCH 2010 %...

Interest rates on old and incremental FCY deposits.
March 31, 2010... Byline: RECORDER REPORT ================== Rates % pa ================== USD 0.1000 GBP 0.1000 ================== Interest rates on old and incremental FCY deposits on Tuesday (March 30, 2010). Copyright 2010 Business Recorder

LIBOR calculating interest on US dollar.
March 31, 2010... Byline: RECORDER REPORT ========================================= BONDS LIBOR VALUE ========================================= 6 MONTHS US DOLLAR 0.4394 30-03-2010 ========================================= London Interbank Offer Rates...

Exchange rates: buying and selling.
March 31, 2010... Byline: RECORDER REPORT ========================================= Countries Selling Buying Buying TT&OD TT Clean OD/T.CHQ ========================================= USA 84.00 83.80 83.62 UK 125.94 125.64 125.36 EURO 113.27 113.00...

Conversion for foreign currency deposits.
March 31, 2010... Byline: RECORDER REPORT =============================================== US DOLLAR POUND STERLING EURO JAPANESE YEN =============================================== 83.9139 125.6442 113.0656...

Currency notes: exchange rates.
March 31, 2010... Byline: RECORDER REPORT ============================================= AUTHORISED DEALERS' RATES FOR CURRENCY NOTES ============================================= COUNTRY SELLING BUYING ============================================= USA...

Barclays bid rates and maximum rates for payment of interest.
March 31, 2010... Byline: RECORDER REPORT ======================================================== INTEREST PAYABLE ON FE DEPOSITS ======================================================== BBA BID MAXIMUM RATES RATES FOR PAYMENT OF INTEREST...

State Bank of Pakistan conversion rates.
March 31, 2010... Byline: RECORDER REPORT ========================== US Dollar 83.9139 Pound Sterling 125.6442 Euro 113.0656 Japanese Yen 0.9061 ========================== Rates applicable for conversion into rupees of Foreign Currency Deposits,...

Aaj TV - Wednesday's schedule.
March 31, 2010... 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 News Bulletin 08:25 Headline News 08:30 News Bulletin 08:55 News...

Activity at Karachi and Qasim ports.
March 31, 2010... Byline: RECORDER REPORT The Karachi Port handled 87,160 tonnes of cargo including 53,234 tonnes of import cargo; 33,926 tonnes of export cargo and 1,830 loaded and empty containers during last 24 hours ended at 0700 hours on Tuesday. The...

Gur, Kandsari sharply lower on grain market.
March 31, 2010... Byline: RECORDER REPORT Slow business was seen on the local seeds and wholesale grain market on Tuesday due to steady supplies from upcountry centres, dealers said. On the grams sector bajra low tupe gained Rs 50 to Rs 1900 while the best...

Firm price solo deal seen on cotton market.
March 31, 2010... Byline: RECORDER REPORT Cotton market was not much active on Tuesday as most of the mills were sidelined in anticipation of fall in the prices, despite knowing the fact that the ginners will not cut prices due to declining unsold stock,...

Iran sanctions will make life hard for agency: IAEA.
March 31, 2010... New sanctions against Iran would mean international nuclear inspectors have a more difficult job in the short term, the head of the International Atomic Energy Agency Yukiya Amano told the German Press Agency dpa Tuesday. But in his first...

Jordan and South Korea ink $130 million reactor deal.
March 31, 2010... Jordan and South Korea on Tuesday signed an agreement for the construction of a research-purpose nuclear reactor costing 130 million dollars, a government statement said. The agreement was concluded between the Jordan Atomic Energy Commission...

Anti-smoking squads for Hong Kong.
March 31, 2010... A team of nearly 100 anti-smoking officers is to enforce a new ban on cigarettes at outdoor public transport interchanges in Hong Kong, a government official said Monday. Hong Kong, which has already banned smoking in many outdoor areas...

KSE beat CDC.
March 31, 2010... The Karachi Stock Exchange (KSE) cricket team Central Depository Company (CDC) team in a keenly contested match played under lights here at the Rashid Latif Cricket Academy ground, here on Tuesday. KSE dominated the match in all fortes of the...

Aisam leaves for Europe events.
March 31, 2010... Byline: RECORDER REPORT Pakistan's tennis player Aisam-ul-Haq on Tuesday left here for Europe to participate in different international tennis events. Aisam ul Haq will appear in the doubles event of ATP Challenger in Naples, Italy this week...

Shoaib set to marry Sania in April.
March 31, 2010... Former Pakistan cricket team captain Shoaib Malik is set to marry Indian tennis star Sania Mirza, a union of two of South Asia's best known sports personalities. Shoaib and 13 members of his family have applied for Indian visa seven days ago....

President approves PCB Governing Board members.
March 31, 2010... Byline: RECORDER REPORT President Asif Ali Zardari in his capacity as Patron of Pakistan Cricket Board (PCB) has approved appointment of Aamir Nawab Khan, President Abbottabad Regional Cricket Association and Naveed Akram Cheema as members of...

NBP Football Challenge Cup from April 16.
March 31, 2010... Byline: RECORDER REPORT Up to 16 teams are being called to show their mettle in 20th NBP National Football Challenge Cup (NFCC) at Multan's Qasim Bagh Stadium from April 16 to 29, 2010. Khan Research Laboratories (KRL) will defend the title...

FROM A RINGSIDE SEAT.
March 31, 2010... Byline: ZAHEER ABBASI While the whole focus was shifted on the Supreme Court that had enough over the government reluctance to implement its decision on the National Reconciliation Ordinance (NRO) for one pretext or the other and decided to...

Further rise in POL prices termed anti-people step.
March 31, 2010... Byline: RECORDER REPORT While accusing the government of minting billions of rupees through the sale of POL products, Jamaat-e-Islami Secretary General Liaquat Baloch has warned that any fresh raise in POL prices would be a anti-people step....

Senate passes National School of Public Policy (Amendment) Bill 2010.
March 31, 2010... Byline: RECORDER REPORT The upper house of the parliament on Tuesday passed National School of Public Policy (Amendment) Bill 2010. Advisor to the Prime Minister Nawabzada Ghazanfar Ali Gul moved the bill in Senate, which was passed with...

Purging Constitution of distortions: Sherry urges political parties not to miss 'golden opportunity'.
March 31, 2010... Byline: RECORDER REPORT Former Federal Minister for Information Sherry Rehman urged all the political parties not to miss the "golden opportunity" to pass the Constitutional Reform Package from the Parliament for purging the Constitution of...

Correction.
March 31, 2010... Byline: RECORDER REPORT This erratum is to rectify the SECP's previous publication dated March 6, 2010 in "Business Recorder" wherein the name of Standard Insurance Company Limited was printed erroneously in the list of companies under...

ACE academy commemorates Pakistan Day.
March 31, 2010... ACE International Academy commemorated Pakistan Day in Bahria Town with great zeal and vigour. The day began with a ceremonial march conducted by the school's drill platoon. The platoon comprised academy students who marched with high pride to...

US MIDDAY: soya lower; corn and wheat up.
March 31, 2010... Soyabean futures on the Chicago Board of Trade turned lower early Tuesday on profit-taking from Monday's strong rally and a drop in soyaoil on talk that China may restrict imports of soyaoil, traders said. As of 9:55 am CST (1455 GMT), CBOT May...

Lack of coordination between police, Nadra: unidentified bodies being buried daily in graveyards.
March 31, 2010... Byline: RECORDER REPORT Around four to five unidentified bodies are being buried daily in the city graveyards because of lack of co-ordination between police and the National Database and Registration Authority (Nadra). Multan Police have not...

Indian parliamentarians visit Lok Virsa.
March 31, 2010... A delegation of Indian parliamentarians headed by Naresh Aggarwal, Past International Director of the Lions Club International, along with his wife Naveeta Aggarwal, paid a visit to Lok Virsa Heritage Museum here Tuesday. The delegation was...

Timely completion of uplift schemes stressed.
March 31, 2010... Commissioner Tariq Mahmood Khan has directed officers of nation building departments to complete all uplift schemes recommended by parliamentarians on time. Presiding over a meeting here on Tuesday to review the pace of work on the ongoing...

Power tariff will not be increased: APPLA assured.
March 31, 2010... Byline: RECORDER REPORT Secretary General of All Pakistan Power Looms Association (APPLA), Khaliq Qandeel Ansari has said that ministry of water and power and ministry of textiles have assured them that power tariff would not be increased and...

Hazardous chemicals major cause of pollution.
March 31, 2010... Hazardous chemicals are the biggest polluters of environment and causing numerous diseases and needed to be brought under strict control and effective management, said Minister for Environment Hamidullah Jan Afridi on Tuesday. "I know it is a...

'Government making efforts to overcome power crisis'.
March 31, 2010... Byline: RECORDER REPORT Federal Minister for Population Welfare Dr Firdous Ashiq Awan has that government was making strenuous efforts for overcoming the energy crisis on top priority basis for ensuring smooth productivity. Talking to...

Interest-free loans being provided to kiln workers.
March 31, 2010... Punjab Labour Minister Muhammad Ashraf Khan Sohna has said the government is providing Rs 40 million interest-free small loans to brick kiln workers to raise their living standard. Talking to a delegation of labourers here on Tuesday, he said...

Traders' strike call against loadshedding fails.
March 31, 2010... Byline: RECORDER REPORT The strike call given by a group of Traders against load shedding of electricity has been completely failed, however, small groups staged protest demonstration at Kutchery Bazar, Yarn Market and Satiana road. Some...

Youth killed in custody: SHO awarded life imprisonment, Rs 0.5 million penalty.
March 31, 2010... Byline: RECORDER REPORT District & Session Judge Dera Ghazi Khan Malik Pir Muhammad Adil has awarded life imprisonment to ex-SHO/inspector of police station Sadar Chaudhry Ali Muhammad and ordered him to pay compensation of Rs 0.5 million...

Rs three billion funds given to districts, TMAs as conditional grants: ADB.
March 31, 2010... Byline: RECORDER REPORT ADB TA loan of Sindh Devolved Social Services Project (SDSSP) is rated partly successful, while this project supported a new concept, the provision of conditional grants, following the preparation of annual sector...

Call for immediate cleaning of G sector.
March 31, 2010... People exp-ressed serious concern over the heaps of garbage and growth of bushes along the road sides, the residents of G sector on Tuesday called for immediate cleanliness of the area. The residents of sector G-7, G-8, G-9 and adjoining areas...

BISP hiring consultants for information campaign.
March 31, 2010... Consultants will be hired to provide information to the general public about the objectives of Benazir Income Support Programme (BISP) under its "Public Information Campaign." An official source told APP that eligible consulting...

Tax commissioners warned by Chief Justice LHC.
March 31, 2010... Byline: RECORDER REPORT Chief Justice of Lahore High Court, Justice Khawaja Muhammad Sharif has warned the tax commissioners that they would have to change their behaviour and mindset, otherwise breaking news against them may be heard...

IHK Bar condemns lawyer's manhandling by Indian police.
March 31, 2010... The High Court Bar Association of occupied Kashmir has strongly condemned the manhandling of a senior lawyer by Indian police. It demanded that the prominent human rights organisations should be allowed to monitor the deteriorating human rights...

Mandatory insurance.
March 31, 2010... Byline: FAROOQ AHMED (KARACHI) I am a holder of 240sq.yds plot (A-315 Sector 32; File No 1197) in Hawkesbay Scheme No 42 that comes under the authority of Lyari Development Authority. On 25th March when I went to deposit the final instalment...

Partly Facetious: Nawaz won't say sorry over his big U-turn.
March 31, 2010... Byline: ANJUM IBRAHIM "So the fault dear Brutus is not in our stars but in ourselves..." "You are not going to complete the quote?" "No because stopping mid sentence proves my point which is that Nawaz Sharif drop in popularity with the...

Corporal punishment by schoolteachers.
March 31, 2010... Byline: TAZEEN RAZI (KARACHI) This letter is to highlight the issue of corporal punishment taught in primary schools. I would like to highlight the case of a twelve-year-old girl who died, being the victim of this brutal punishment and say...

Myanmar capital readies for democracy.
March 31, 2010... Byline: PETER JANSSEN Myanmar's enormous new parliament building in Naypyitaw is nearing completion, but democracy seems far away for this beautiful but politically bleak South-East Asian country. Myanmar's military supremo, Senior General...

Good Morning: Our road to degradation.
March 31, 2010... Byline: NUSRAT NASARULLAH I find myself equally agitated and concerned about students cheating in school examinations as I do about a dangerous drift that is perceptible in the state of affairs that are still prevailing in the country. The...

Defending the indefensible.
March 31, 2010... Byline: AZIZ-UD-DIN AHMAD Whatever justifications Nawaz Sharif has offered so far to explain his backtracking on his earlier stand on the composition of the judicial commission would fail to satisfy anybody outside his party. His announcement...