Business Recorder articles from March 2012

Business Recorder archives from March 2012

Poultry Rates.
March 31, 2012... Byline: RECORDER REPORT Wholesale poultry rates on Friday (March 30, 2012) and for Saturday (March 31, 2012). Eggs: Rs 1950/1955 per 30 dozen; Broiler Birds (live): Rs 150 per kilogram; Cull Birds (live): Rs 78 per kilo. Rates For...

Cotton Spot Rates.
March 31, 2012... Byline: RECORDER REPORT =========================================================================== The KCA Official Spot Rate for Local Dealings in Pak Rupees --------------------------------------------------------------------------- FOR BASE...

LME official prices.
March 31, 2012... Byline: RECORDER REPORT ============================================================================================== Aluminium Aluminium Copper Lead Nickel Tin Zinc Nasaac Alloy...

Lahore Grain Market Rates.
March 31, 2012... Byline: RECORDER REPORT ==================================== Per 100 kg ==================================== Sugar 5340-5400 Gur 5500-5800 Shakar 6000-6400 Ghee (16 kg) 2550-2800 Almond (Kaghzi) 28000-40000 Almond (Simple) 10500-15000 Sogi...

Lahore Paper Market Rates.
March 31, 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.
March 31, 2012... Byline: RECORDER REPORT ======================================================================================================================== ======================== Total Volume - Lots Rs 5,865 Total Volume - Rs 1,551,320,641...

Weekly statement of position of all scheduled banks.
March 31, 2012... Byline: RECORDER REPORT ==================================================================== (RUPEES IN MILLION) ==================================================================== All All SCHEDULED COMMERCIAL *SPECIALISED ASSETS BANKS BANKS...

Kerb buying and selling rate of US dollar.
March 31, 2012... Byline: RECORDER REPORT ======================== Open Buying Rs 90.66 Open Selling Rs 90.68 ======================== Open market rate in the kerb market in rupees on Friday (March 30, 2012). Copyright 2012 Business Recorder

Dollar's rate in interbank market.
March 31, 2012... Byline: RECORDER REPORT ======================== Buying Rs 90.90 Selling Rs 91.10 ======================== Interbank closing rates for dollar on Friday (March 30, 2012). Copyright 2012 Business Recorder

Shipping Intelligence.
March 31, 2012... Byline: RECORDER REPORT ======================================================================== VESSELS ON BERTH ======================================================================== Berth Ship Working Agent Berthing No Date...

Rates of Debt Securities.
March 31, 2012... Byline: RECORDER REPORT ============================================================================================================== RATES OF DEBT SECURITIES...

Cross Transactions between Client to Client & Financial Institutions.
March 31, 2012... Byline: RECORDER REPORT ========================================================================= CROSS TRANSACTIONS BETWEEN CLIENT TO CLIENT & FINANCIAL INSTITUTIONS =========================================================================...

Member to Member.
March 31, 2012... Byline: RECORDER REPORT ==================================================================================== MEMBERS HAVE SUBSEQUENTLY REPORTED THE FOLLOWING TRANSACTIONS MEMBER TO MEMBER...

Mutual Funds Association of Pakistan.
March 31, 2012... Byline: RECORDER REPORT ======================================================================================================================== ================= Names Asset Manager Category Offer Repurchase Validity of Fund Price Price...

BRIndex30 and BR Sectoral Indices.
March 31, 2012... Byline: RECORDER REPORT =================================== BR INDICASE AT A GLANCE =================================== BRINDEX30 - =================================== Day Close: (+) 10,556.27 High: 10,569.46 Low: 10,327.93 Net Change: (+)...

Despatch of dividend warrants.
March 31, 2012... Byline: RECORDER REPORT ========================================================================================= Company Year Ended/Ending Dividend/Bonus Dispatched on...

Board Meetings.
March 31, 2012... Byline: RECORDER REPORT ======================================================================================= Company SCHEDULED ON TIME PLACE TO CONSIDER =======================================================================================...

BOARD MEETINGS.
March 31, 2012... Byline: RECORDER REPORT ================================================================== Name of company Date Time ================================================================== The Universal Insurance 31.03.2012 11:00 am Silver Star...

Last date of renunciation/payment.
March 31, 2012... Byline: RECORDER REPORT ======================================================================================== COMPANY Trading in L/Right Last Date for Last Date of Spot From Premium w.e.f. Payment/Ren. Trading...

Proposed right issues.
March 31, 2012... Byline: RECORDER REPORT ============================================================= PROPOSED RIGHT ISSUE ============================================================= Company Rate =============================================================...

Clearing Schedule for T+2 System.
March 31, 2012... Byline: RECORDER REPORT ================================================================ CLEARING SCHEDULE FOR T+2 SYSTEM FOR THE MONTH OF MARCH AND APRIL 2012 ================================================================ TRANSACTION...

EFU Aitemad Growth Fund Rates.
March 31, 2012... Byline: RECORDER REPORT ===================== Offer Price 726.14 Bid Price 689.84 ===================== EFU Aitemad Growth Fund Rates on Friday (March 30, 2012). Copyright 2012 Business Recorder

EFU GUARANT GROWTH FUND Rates.
March 31, 2012... Byline: RECORDER REPORT ===================== Offer Price 639.93 Bid Price 607.93 ===================== EFU Guarant Growth Fund Rates on Friday (March 30, 2012). Copyright 2012 Business Recorder

EFU Capital Growth Fund Rates.
March 31, 2012... Byline: RECORDER REPORT ===================== Offer Price 281.17 Bid Price 267.11 ===================== EFU Capital Growth Fund Rates on Friday (March 30, 2012). Copyright 2012 Business Recorder

EFU Pension Growth Fund Rates.
March 31, 2012... Byline: RECORDER REPORT ===================== Offer Price 175.85 Bid Price 167.05 ===================== EFU Pension Growth Fund Rates on Friday (March 30, 2012). Copyright 2012 Business Recorder

EFU Managed Growth Fund Rates.
March 31, 2012... Byline: RECORDER REPORT ===================== Offer Price 921.64 Bid Price 875.55 ===================== EFU Managed Growth Fund Rates on Friday (March 30, 2012). Copyright 2012 Business Recorder

JLI YAQEEN GROWTH FUND RATES.
March 31, 2012... Byline: RECORDER REPORT ===================== Offer Price 656.78 Bid Price 623.94 ===================== Jubilee Life Insurance Yaqeen Growth Fund Rates on Friday (March 30, 2012). Copyright 2012 Business Recorder

JLI MEESEQ Fund Rates.
March 31, 2012... Byline: RECORDER REPORT ===================== Offer Price 607.38 Bid Price 577.00 ===================== Jubilee Life Insurance Meeseq Fund Rates on Friday (March 30, 2012). Copyright 2012 Business Recorder

JLI Capital Growth Fund Rates.
March 31, 2012... Byline: RECORDER REPORT ===================== Offer Price 282.82 Bid Price 268.67 ===================== Jubilee Life Insurance Capital Growth Fund Rates on Friday (March 30, 2012). Copyright 2012 Business Recorder

JLI Managed Growth Fund Rates.
March 31, 2012... Byline: RECORDER REPORT ===================== Offer Price 645.63 Bid Price 613.34 ===================== Jubilee Life Insurance Managed Growth Fund Rates on Friday (March 30, 2012). Copyright 2012 Business Recorder

Currency values in terms of Special Drawing Rights.
March 31, 2012... Byline: RECORDER REPORT ====================================================================================== March 30, 2012 ====================================================================================== Currency units per SDR SDR per...

Open market rates of foreign currencies.
March 31, 2012... Byline: RECORDER REPORT ========================================================================= CURRENCY BUYING SELLING CURRENCY BUYING SELLING ========================================================================= US$ O/M 90.90 91.10 Hong...

Spot dollar rates.
March 31, 2012... Byline: RECORDER REPORT ======================================= Ex Interbank Rate PKR against USD ======================================= BID OFFER CLOSE ======================================= Ready 90.6900 90.7100 90.7000 1 week 90.8850...

Bill buying rates per unit of currency.
March 31, 2012... Byline: RECORDER REPORT ======================================================================== BILL BUYING RATES PER UNIT OF CURRENCY ======================================================================== Bill 30 Days 60 Days 90 Days 120...

Banks' rates for currency notes (buying and selling).
March 31, 2012... Byline: RECORDER REPORT =================================== Selling Buying =================================== USA 91.61 89.40 S.ARABIA 24.43 23.83 UK 146.32 142.78 JAPAN 1.1174 1.0899 EURO 122.28 119.34 U.A.E 24.94 23.84...

Money Market Report.
March 31, 2012... Byline: RECORDER REPORT Money market report by Khadim Ali Shah Bukhari & Co on Friday (March 30, 2012). ================================================================= Repo Rates (Yield p a)...

Interest rates on new foreign currency deposits.
March 31, 2012... Byline: RECORDER REPORT ================================================= INTEREST RATES ON NEW FOREIGN CURRENCY DEPOSITS US DOLLAR ================================================= PERIOD FOR THE MONTH OF MARCH 2012 % PA...

Currency notes: exchange rates.
March 31, 2012... Byline: RECORDER REPORT ============================================= AUTHORISED DEALERS' RATES FOR CURRENCY NOTES ============================================= COUNTRY SELLING BUYING ============================================= USA 91.61...

LIBOR calculating interest on US dollar.
March 31, 2012... Byline: RECORDER REPORT ========================================= BONDS LIBOR VALUE ========================================= 6 MTHS US DOLLAR 0.7358 30-03-2012 ========================================= London Interbank Offer Rates on for...

Interest rates on old and incremental FCY deposits.
March 31, 2012... Byline: RECORDER REPORT ================== Rates % pa ================== USD 0.1000 GBP 0.1000 JPY 0.0000 ================== Interest rates on old and incremental FCY deposits on Friday (March 30, 2012). Copyright 2012 Business Recorder

Conversion for foreign currency deposits.
March 31, 2012... Byline: RECORDER REPORT =============================================== US DOLLAR POUND STERLING EURO JAPANESE YEN =============================================== 90.6882 144.2306 120.5519 1.1010 ===============================================...

Exchange rates: buying and selling.
March 31, 2012... Byline: RECORDER REPORT ========================================= Countries Selling Buying Buying TT&OD TT Clean OD/T.CHQ ========================================= USA 90.70 90.50 90.31 UK 144.88 144.56 144.22 EURO 121.07 120.80 120.54...

State Bank of Pakistan conversion rates.
March 31, 2012... Byline: RECORDER REPORT ========================== US Dollar 90.6882 Pound Sterling 144.2306 Euro 120.5519 Japanese Yen 1.1010 ========================== The Exchange Rates Committee of State Bank of Pakistan issued the following exchange...

Barclays bid rates and maximum rates for payment of interest.
March 31, 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.
March 31, 2012... Byline: RECORDER REPORT 06:00 News Hour 06:25 Headline News 06:30 News Hour 06:55 Headline News 07:00 The Most Respectable Show 07:25 Headline News 07:30 The Most Respectable Show 07:55 Headline News 08:00 News Hour 08:25 Headline News 08:30...

BRIDGE NOTES: It's so simple.
March 31, 2012... Byline: A.K. BHURGRI Bridge is really a mind blowing game where you have ample opportunities to show your talent and thinking ability that is a reflection of your mental faculties. Of course it is a well researched fact that each individual...

ART FACTS: Quiet moments of life.
March 31, 2012... Byline: NADEEM ZUBERI Zulfiqar Ali Zulfi explores the beauty of his surroundings while playing with the quiet moments of life in his paintings. His cool palette of soft shades to lush greens, yellow, blues and earth tones captures various...

KARACHI CHRONICLE: The cancer no one talks about.
March 31, 2012... Byline: NARGIS KHANUM Diseases are a popular topic of conversation, but no one ever talks about prostate cancer. I do not know if men who have the disease ever mention it even to their close, male friends, but they definitely do not openly...

Why is education so important?
March 31, 2012... The National Education Policy 2009 envisages a graded raise in education budget from 2.05 percent of GDP at present to as high as 7 percent by 2015, in a move that is intended to meet the MDG on education, while the formula for proportional...

Deadly strikes.
March 31, 2012... Byline: KHALIL-UR-REHMAN The drone strikes which the US has conducted with relentless regularity in Pakistani areas bordering Afghanistan, despite vociferous protests by Islamabad, represent the zenith of aerial warfare in precision bombing,...

Bookmakers say Olympic spot-fixing fears overstated.
March 31, 2012... Britain's leading bookmakers say fears that the London Olympics could be hit by match-fixing are "over-stated" and the result of a lack of understanding. Jacques Rogge, the president of the International Olympic Committee (IOC), has previously...

Whatmore eager to find new talent.
March 31, 2012... Pakistan coach Dav Whatmore has shown he meant business as he spent most of his time this week at the Rawalpindi cricket stadium where National Super Eights T20 championship is underway. Whatmore along with fielding coach, Julian Fountain spent...

UK Universities team due on April 2.
March 31, 2012... Byline: RECORDER REPORT The British Universities cricket team coming in Pakistan on April 2, to play two one-day matches with Pakistan Under-19 team. The British Universities team will reach Lahore on April 2. Both the matches will be played...

Pakistan wrestlers to take part in India SBS event.
March 31, 2012... Two teams from Pakistan comprising over 50 prominent wrestlers are expected to participate in three day mega Shaheed Bhagat Singh International Wrestling event being organised at indoor PAP stadium in Jalandhar Cantonment from April 13, said...

Faysal Bank T20: Lions, Panthers, Stallions, Dolphins in semis.
March 31, 2012... Lahore Lions, Karachi Dolphins, Peshawar Panthers and Sialkot Stallions moved into the semi-finals of Faysal Bank Super Eight Twenty 20 Cup underway at Rawalpindi Stadium. Lahore Lions will play Karachi Dolphins in the first semi-final while...

AB de Villiers reaches No 1 batting spot.
March 31, 2012... South Africa's AB de Villiers has reached the number-one batting position for the first time in his career where he has been joined by Australia captain Michael Clarke in the latest Reliance ICC Player Rankings which were released on Friday. De...

Activity at Karachi and Qasim ports.
March 31, 2012... Byline: RECORDER REPORT The Karachi Port handled 83,327 tonnes of cargo including 47,313 tonnes of import, 36,014 tonnes of export cargo and 4,541 loaded and empty containers (TEUs) during the last 24 hours of business activities ended at...

No change seen on grain market.
March 31, 2012... Byline: RECORDER REPORT no transaction, no price change was seen on grain and seed wholesale market as almost all the participants were busy in preparations for Juma prayers, acc0rding to grain and seed merchants group's statement. ...

Partly Facetious: Each and every member of Prime Minister's family implicated in scam.
March 31, 2012... "Did you hear the old song: and another one bites the dust?" "Yeah, but what made you think of it?" "Well, another Gilani has been implicated in a scam, this time for directing the Ministry of Health to defy its rules and grant two...

Indian teenage maid locked up while employers holiday.
March 31, 2012... An Indian couple, both doctors, locked up a 13-year-old girl working as their domestic help when they left on vacation to Thailand, police said Friday. The girl was rescued from a New Delhi flat late Thursday with the help of the fire brigade...

Electricity offer by India: LHC approached.
March 31, 2012... Byline: RECORDER REPORT Chairman, Wattan Party, Barrister, Zafarullah, has approached the Lahore High Court with prayer to restrain the government to making any deal with India especially on electricity. The petitioner contended that India...

Javed Hashmi criticises price hike.
March 31, 2012... Byline: RECORDER REPORT President, Pakistan Tehreek-e-Insaf Javed Hashmi has said that if the forth coming budget will be presented by present government it will bring a storm of price hike. While addressing the rally of PTI against price...

PIE announces 'Exit Policy-2012'.
March 31, 2012... Byline: RECORDER REPORT The Board of Directors of Punjab Industrial Estates (PIE) on Friday announced "Exit Policy-2012" under which allottees of the Sundar Industrial Estate who have not yet started industrialisation process can now...

PML-N to stage rally against loadshedding today.
March 31, 2012... Byline: RECORDER REPORT Pakistan Muslim League-Nawaz (PML-N) is holding a protest rally in Lahore on Saturday, as a part of its campaign against load shedding, hike in electricity tariff, soaring prices and rampant corruption. The rally,...

Mushahid for linking Nato supply route to drone strikes.
March 31, 2012... Byline: ZULFIQAR AHMAD The proceeding of join sitting of the parliament was marred by opposition hide-and-seek with treasury members taking exception to the fiasco, accusing them of tactfully avoiding the debate. Opposition Leader in the...

Key components missing from FBR quarterly report.
March 31, 2012... Byline: RECORDER REPORT The quarterly review of the Federal Board of Revenue for first half of 2011-12 issued on Friday has failed to include any study, sector analysis or industrial review which remained a key component of the review issued...

LCCI welcomes electricity offer by India.
March 31, 2012... Byline: RECORDER REPORT The Lahore Chamber of Commerce and Industry (LCCI) on Friday welcomed the Indian offer to supply 5000MW of electricity and urged the government to accept the offer without any further delay, as it would definitely...

July-December period 13 percent CoD share in total tax collection.
March 31, 2012... Byline: RECORDER REPORT The share of Collection on Demand (CoD) in total income tax collection remained 13% during first half (July-December) of 2011-12 against 8.2% in the corresponding period of last year, says an FBR report issued here on...

New court timing.
March 31, 2012... Byline: RECORDER REPORT The Chief Justice Lahore High Court has announced new court timings for the lower courts in summer season. According to a notification issued here on Friday, all the civil and district courts will work from 8.00 am to...

Lahore traders divided over strike call.
March 31, 2012... Byline: RECORDER REPORT Traders of Lahore are divided on the shutter down strike call given by President, Qaumi Tajir Ittehad, Irfan Iqbal Sheikh, against massive load shedding, fuel adjustment surcharge, increase in the prices of petroleum...

APTMA concerned over decline in exports.
March 31, 2012... Byline: RECORDER REPORT Chairman All Pakistan Textile Mills Association (Aptma) Mohsin Aziz has expressed concern over continuing decline in exports since last two quarters of current fiscal. He said textile exports in quantity terms have...

Passco to complete sale of 0.450 million tons of wheat by April 15.
March 31, 2012... Byline: RECORDER REPORT Pakistan Agricultural Storage and Services Corporation Limited (Passco) will complete the sale of 0.450 million tons wheat by April 15. According to a spokesman, the Economic Co-ordination Committee, in its meeting on...

FED collection down 8.1 percent.
March 31, 2012... Byline: RECORDER REPORT The Federal Board of Revenue has witnessed a decline of 8.1 percent in the collection of the Federal Excise Duty (FED) due to policy initiative of reducing FED rate from 12% to 6% in the Federal Budget 2011-12. The FBR...

Telenor to launch Talkshawk I-Champ.
March 31, 2012... Telenor Pakistan is set to launch a nation-wide project that will help empower a new digital generation. Telenor Talkshawk I-Champ is a knowledge-based initiative that aims to provide learning and training to young people, enabling them to...

Dushanbe emerging market for Pakistani products.
March 31, 2012... Byline: RECORDER REPORT Although Tajikistan has emerged as one of the new markets for Pakistani products, there is still plenty of room for Pakistani exporters to have a bigger share in that market. According to a commodity market survey of...

Withdrawal of district councils' financial powers: move upsets Local Government Minister.
March 31, 2012... Byline: RECORDER REPORT The Sindh government move to take back financial powers of district councils and authorising commissioners and deputy commissioners to release funds despite the opposition of local governments department, has upset...

Sindh Health Department: audit reveals Rs 1489.02 million embezzlement.
March 31, 2012... Byline: RECORDER REPORT Various officials of Sindh Health Department allegedly embezzled more than Rs 1489.02 million during 2006-07, 2007-08 and 2008-09. However, no action was taken against those involved in the embezzlement. This was...

PTCL honoured.
March 31, 2012... Pakistan Telecommunication Company Limited (PTCL) has been honoured with the "Best Corporate Social Responsibility Initiative 2011-2012" award by the National Forum for Environment and Health (NFEH). Governor Punjab, Sardar Latif Khosa,...

14 FBR officers penalised on FTO's recommendations.
March 31, 2012... Byline: RECORDER REPORT Federal Tax Ombudsman (FTO) Dr Muhammad Shoaib Suddle on Friday said the Federal Board of Revenue (FBR) has penalised its 14 officers over the charge of misconduct on the recommendation of FTO office last year. He was...

PCG apprehends 149 illegal immigrants.
March 31, 2012... The Pakistan Coast Guards (PCG) apprehended 149 illegal immigrants from different vehicles on charges of illegal border crossing from coastal area of Gwadar (Balochistan) during spot checking. A PCG press release issued here on Friday said that...

Markets in Karachi witness thin trade.
March 31, 2012... Byline: RECORDER REPORT Despite normalcy in the city's overall situation, trade and business activities remained thin throughout the day as people remained off the markets due to what traders said widespread rumours and uncertainty. During a...

Youngman running from pillar to post to get CNIC.
March 31, 2012... Byline: RECORDER REPORT A 22 years old Sanaul Haq son of Anwarul Haq, who is running from pillar to post since last four years for getting national identity card, has appealed to Chief Justice of Pakistan to direct the concerned authorities...

Award of contract to Russian firm: Transparency International disputes Pakistan Steel's response.
March 31, 2012... Byline: IQBAL MIRZA Across the board application of Public Procurement Rules 2004 in Pakistan Steel's procurements since 2004 under the guidance of Transparency International Pakistan had resulted in windfalls as it attained a surplus of over...

Norwegian official meets Fiza Gilani.
March 31, 2012... Norwegian Charge d' affaires Terje Barstad called on Goodwill Ambassador for Women Empowerment, Fiza Batool Gilani on Friday and discussed matters of mutual interest. This meeting was a follow-up of her bilateral meeting with Ms Ingrid Fiskaa,...