Business Recorder articles from May 2006

Business Recorder archives from May 2006

The Weather.
May 31, 2006... (From Business Recorder) Byline: RECORDER REPORT =================================================== Cities Max Min Humidity Rain =================================================== ...

Bullion Rates.
May 31, 2006... (From Business Recorder) ================================== In rupees per 10 gram ================================== KARACHI ---------------------------------- Gold Tezabi 12781.00 Silver...

Poultry rates.
May 31, 2006... (From Business Recorder) Byline: RECORDER REPORT Wholesale poultry rates on Tuesday (May 30, 2006) and for Wednesday (May 31, 2006). Eggs: Rs 550-555 per 30 dozen; Broiler Birds (live): Rs 72 per kilogram; Cull Birds (live): Rs...

Cotton Spot Rates.
May 31, 2006... (From Business Recorder) Byline: RECORDER REPORT =========================================================== The KCA Official Spot Rate for Local Dealings in Pak Rupees ...

Multan commodities market rates.
May 31, 2006... (From Business Recorder) ==================================== FOOD GRAINS (Per 100 kilogram) ==================================== Wheat 1037.50/1062.50 Maize 675/800 ...

Lahore Grain Market Rates.
May 31, 2006... (From Business Recorder) Byline: RECORDER REPORT ======================================= Per 100 Kg ======================================= Wheat 1240/1260 ...

Lahore Paper Market Rates.
May 31, 2006... (From Business Recorder) Byline: RECORDER REPORT ========================================= IMPORTED OFFSET PAPER (per Lb) ========================================= Alma copy All size ...

Shipping Intelligence.
May 31, 2006... (From Business Recorder) Byline: RECORDER REPORT =============================================================================== Berth Vessels Working Agent Berthing No ...

Kerb buying and selling rate of US dollar.
May 31, 2006... (From Business Recorder) Byline: RECORDER REPORT ================================ Buying Rs 60.70 Selling Rs 60.80 ================================ Dollar buying and...

Dollar's rate in interbank market.
May 31, 2006... (From Business Recorder) Byline: RECORDER REPORT ============================== Buying Rs 60.23 Selling Rs 60.25 ============================== Interbank closing rates for...

THE RUPEE: dollar gains 15 paisa in kerb market.
May 31, 2006... (From Business Recorder) Byline: RECORDER REPORT The rupee moved both ways versus the dollar in the currency market on Tuesday in process of rising demand for the greenback, dealers said. The rupee continued its overnight weakness...

Food & Personal Care-products: CLOVER PAKISTAN LIMITED - Year Ended 30-06-2005.
May 31, 2006... (From Business Recorder) Byline: SCANNER During the year under review the company posted highest sales and gross profit. Its main brand Tang continues to keep up with the growth momentum of the past three years. This is despite...

All shares index report.
May 31, 2006... (From Business Recorder) Byline: RECORDER REPORT ======================================================================================================================== ==== ALL SHARES INDEX REPORT (Sector-wise) ...

Mutual Funds Association of Pakistan.
May 31, 2006... (From Business Recorder) Byline: RECORDER REPORT ======================================================================================================================== == Names Asset Manager...

BRIndex30 and BR Sectoral Indices.
May 31, 2006... (From Business Recorder) Byline: RECORDER REPORT =================================== BR INDICASE AT A GLANCE =================================== BRINDEX30 - ...

BOARD MEETINGS.
May 31, 2006... (From Business Recorder) Byline: RECORDER REPORT ============================================================ Name of Company Date Time ...

Cross Transactions.
May 31, 2006... (From Business Recorder) Byline: RECORDER REPORT ========================================================================== FINANCIAL INSTITUTIONS ...

Despatch of dividend warrants.
May 31, 2006... (From Business Recorder) Byline: RECORDER REPORT ================================================================================ Company Year Ended/Ending Dividend/Bonus Dispatched on ...

Dividend/Bonus Announcements.
May 31, 2006... (From Business Recorder) Byline: RECORDER REPORT ==================================================================================================== FOR THE YEAR PROFIT/(LOSS)...

Board Meetings.
May 31, 2006... (From Business Recorder) Byline: RECORDER REPORT ===================================================================================== Company SCHEDULED ON TIME PLACE TO CONSIDER ...

Proposed right issues.
May 31, 2006... (From Business Recorder) Byline: RECORDER REPORT =========================================================== PROPOSED RIGHT ISSUE =========================================================== Company ...

Last date of renunciation/payment.
May 31, 2006... (From Business Recorder) Byline: RECORDER REPORT ==================================================================== LAST DATE FOR RENUNCIATION/PAYMENT ...

Shares buy-back schedule.
May 31, 2006... (From Business Recorder) Byline: RECORDER REPORT ======================================================================================= Company Re-Purchase From To Member...

Clearing Schedule for T+3 System.
May 31, 2006... (From Business Recorder) Byline: RECORDER REPORT ================================================================ CLEARING SCHEDULE FOR T+3 SYSTEM FOR THE MONTHS OF MAY & JUNE 2006 ...

Companies under suspension.
May 31, 2006... (From Business Recorder) Byline: RECORDER REPORT ========================================================================= COMPANY Date of COMPANY Date of ...

EFU Capital Growth Fund Rates.
May 31, 2006... (From Business Recorder) Byline: RECORDER REPORT ============================= Offer price 142.40 Bid Price 135.28 ============================= EFU Capital Growth Fund Rates on...

EFU Pension Growth Fund Rates.
May 31, 2006... (From Business Recorder) Byline: RECORDER REPORT ============================= Offer price 114.36 Bid price 108.64 ============================= EFU Pension Growth Fund Rates on...

EFU Managed Growth Fund Rates.
May 31, 2006... (From Business Recorder) Byline: RECORDER REPORT ============================= Offer price 571.82 Bid price 543.23 ============================= EFU Managed Growth Fund Rates on...

NJLI Sarmaya Growth Fund Rates.
May 31, 2006... (From Business Recorder) Byline: RECORDER REPORT ============================== Offer Price 178.66 Bid Price 169.72 ============================== New Jubilee Life Insurance...

NJLI Pension Fund Rates.
May 31, 2006... (From Business Recorder) Byline: RECORDER REPORT ============================== Offer Price 323.18 Bid Price 307.01 ============================== New Jubilee Life Insurance...

NJLI Managed Growth Fund Rates.
May 31, 2006... (From Business Recorder) Byline: RECORDER REPORT ============================= Offer Price 372.96 Bid Price 354.30 ============================= New Jubilee Life Insurance...

KKI closing rates of currency notes.
May 31, 2006... (From Business Recorder) ================================================= Currency Notes KKI Buying KKI Selling ================================================= US $ 60.60 ...

US treasuries bid yields.
May 31, 2006... (From Business Recorder) Byline: RECORDER REPORT =========================================================================== US TREASURIES (BID YIELDS) ...

US treasuries bid prices.
May 31, 2006... (From Business Recorder) Byline: RECORDER REPORT ========================================================================================== US TREASURIES (BID...

London Interbank Offered Rates.
May 31, 2006... (From Business Recorder) Byline: RECORDER REPORT ========================================================= Rates at 11:00 London time Tuesday (May 30, 2006). ========================================================= ...

Open market rates of foreign currencies.
May 31, 2006... (From Business Recorder) Byline: RECORDER REPORT ========================================================================= CURRENCY BUYING SELLING CURRENCY BUYING SELLING ...

Spot dollar rates.
May 31, 2006... (From Business Recorder) Byline: RECORDER REPORT ======================================== Ex Interbank Rate PKR against USD ======================================== BID OFFER CLOSE ...

Banks' rates for currency notes (buying and selling).
May 31, 2006... (From Business Recorder) Byline: RECORDER REPORT ==================================== Selling Buying ==================================== USA 61.00 59.47 SAUDI...

Money Market Report.
May 31, 2006... (From Business Recorder) Byline: RECORDER REPORT Money market report by Khadim Ali Shah Bukhari & Co on Tuesday (May 30, 2006). DAILY MONEY MARKET COMMENTS: The overnight interbank money market remained on a hully gully ride...

Interest rates on new foreign currency deposits.
May 31, 2006... (From Business Recorder) Byline: RECORDER REPORT ================================================= INTEREST RATES ON NEW FOREIGN CURRENCY DEPOSITS US DOLLAR ================================================= ...

Bill buying rates per unit of currency.
May 31, 2006... (From Business Recorder) Byline: RECORDER REPORT ======================================================================== BILL BUYING RATES PER UNIT OF CURRENCY ...

LIBOR calculating interest on US dollar.
May 31, 2006... (From Business Recorder) Byline: RECORDER REPORT ========================================= BONDS LIBOR VALUE ========================================= 6 MONTHS US DOLLAR 5.3169 ...

Interest rates on old and incremental FCY deposits.
May 31, 2006... (From Business Recorder) Byline: RECORDER REPORT ================== Rates % pa ================== USD 0.1000 GBP 0.1000 ================== Interest rates on old and...

Currency notes: exchange rates.
May 31, 2006... (From Business Recorder) Byline: RECORDER REPORT ============================================= AUTHORISED DEALERS' RATES FOR CURRENCY NOTES ============================================= COUNTRY ...

Exchange rates: buying and selling.
May 31, 2006... (From Business Recorder) Byline: RECORDER REPORT ======================================== Countries Selling Buying Buying TT&OD TT Clean OD/T.CHQ ========================================...

Conversion for foreign currency deposits.
May 31, 2006... (From Business Recorder) Byline: RECORDER REPORT =============================================== US DOLLAR POUND STERLING EUR JAPANESE YEN =============================================== 60.2900 ...

State Bank of Pakistan conversion rates.
May 31, 2006... (From Business Recorder) Byline: RECORDER REPORT ========================== US Dollar 60.2900 Pound Sterling 112.3504 Euro 76.9361 Japanese Yen 0.5373 ...

Barclays bid rates and maximum rates for payment of interest.
May 31, 2006... (From Business Recorder) Byline: RECORDER REPORT ======================================================= INTEREST PAYABLE ON FE DEPOSITS ======================================================= ...

Aaj TV - Wednesday's schedule.
May 31, 2006... (From Business Recorder) Byline: RECORDER REPORT 06:00 Aaj Market Evening 06:35 Tilawat 06:55 News Bulletin 07:30 Kangan Say Hatkari 07:55 Headlines News 08:00 Aaj Subh (Live) 08:55 Headlines News 09:00 Aaj Subh (Live) 09:15 Aaj...

Activity at Karachi and Qasim ports.
May 31, 2006... (From Business Recorder) Byline: RECORDER REPORT The Karachi Port handled 93,803 tonnes of cargo including 76,135 tonnes import, 17,668 tonnes export cargo and 2,273 containers during last 24 hours ending at 0700 hours on Tuesday....

Oil cake market rates.
May 31, 2006... (From Business Recorder) Byline: RECORDER REPORT Mixed price pattern was seen on the forward cottonseed oilcake market on Tuesday as buyers were in no hurry in finalising the deals, dealers said. The July vaida commenced at Rs...

Hopes in next budget boost cotton prices, spot rate.
May 31, 2006... (From Business Recorder) Byline: RECORDER REPORT Probable incentives for the textile sector in the federal budget for 2006-07, boosted the rates in the cotton market on Tuesday, dealers said. The Karachi Cotton Association...

Tea prices mixed on Jodia Bazar.
May 31, 2006... (From Business Recorder) Byline: RECORDER REPORT The trading on tea sector showed mixed trend on Jodia Bazar on Tuesday. The following variations were seen in the Kenyan tea PF-1 A grade up Re 1 to Rs 190, B grade up Rs 12 to Rs 195,...

Nominal deals on grain market.
May 31, 2006... (From Business Recorder) Byline: RECORDER REPORT Not much activity was seen on the grain market on Tuesday as a few traders made purchasing to meet the near term demand, dealers said. Copyright 2006 Business Recorder

Geelani for raising voice against immorality.
May 31, 2006... (From Business Recorder) Senior Hurriyat leader Syed Ali Shah Geelani on Tuesday appealed to the people of Indian Occupied Kashmir to unite and raise their voice against immorality and sale and purchase of liquor. "I appeal to people...

Navtec to produce 0.95 million skilled manpower annually.
May 31, 2006... (From Business Recorder) National Vocational and Technical Education Commission (Navtec) is presently engaged in revamping technical education and vocational training in the country to raise the annual turnover of the skilled manpower to...

Shopkeepers protest excise department notices.
May 31, 2006... (From Business Recorder) Byline: RECORDER REPORT The Punjab government is learnt to have stopped the district governments from the recovery of professional tax. It is learnt that the Punjab Excise and Taxation department and the...

NIFT and SECP sign agreement for e-services.
May 31, 2006... (From Business Recorder) Byline: RECORDER REPORT Mr M. M. Khan, CEO of NIFT and Mr Rasiur Rehman Khan, Chairman SECP, signed an agreement on 16 May, 2006 for the launch of e-Services in Pakistan using Verisign Digital Certificates...

World Environment Day on June 5.
May 31, 2006... (From Business Recorder) World-wide Fund for Conservation of Nature (WWF-Pakistan) has arranged a series of activities at its Wetland Centre, Sandspit here to mark World Environment Day falling on June 5. The focal point would be to...

The effectiveness of corporate boards in Pakistan-II.
May 31, 2006... (From Business Recorder) Byline: ZAFFAR A. KHAN The vast majority of respondents said that their boards did involve themselves in setting the vision/mission/value statements of their companies. The few who said their board was...

Power breakdowns.
May 31, 2006... (From Business Recorder) Byline: MRS RUKHSHUNDA QAISER (KARACHI) With reference to the recent news about frequent and massive power breakdowns, I would like to commend the new KESC management for being brave enough to share the...

Budget and Prime Minister.
May 31, 2006... (From Business Recorder) Byline: S.M. AFZAL JAVAID (KARACHI) On the front page of the "Business Recorder," there was a very heartening news item captioned "Incentives for the salaried class, masses in budget: PM". Being a common...

Investor confidence.
May 31, 2006... (From Business Recorder) Byline: T. MALLICK (LAHORE) Investor confidence in America got a boost following the conviction of two Enron executives, including the CEO, for robbing pension funds and fraudulently handling investor...

Failed State.
May 31, 2006... (From Business Recorder) Please refer the recent branding of Pakistan as a failed State. Over nearly 60 years, the country has continued to morally degenerate. Now it has finally been termed as a failed State/mafia land. The people...

Can we avoid interest (Riba)?
May 31, 2006... (From Business Recorder) Byline: M.A. CHISHTI Today there is a great demand for Islamic banking among the Muslims. It is an alternate system for non-Islamic interest-bearing system. In Pakistan, our clerics as well as people are very...

Crying need for power conservation plan.
May 31, 2006... (From Business Recorder) All the emphasis Prime Minister Shaukat Aziz laid on expeditiously addressing public complaints over load-shedding can be hardly expected to bring any solace to the disillusioned consumers of electricity in...

People-friendly budget.
May 31, 2006... (From Business Recorder) The powers that be are making tall claims about the economic benefits to be offered to the public at large in the coming budget. A few days back, the President asked the budget makers to provide relief to the...

Argentine donates $1.2 million medicines.
May 31, 2006... (From Business Recorder) Byline: MUHAMMAD BILAL The Argentine government donated $1.2 million medicines to Pakistan on Tuesday, out of which major chunk will go to Pakistan Atomic Energy Commission. Argentine Ambassador to...

Indo-Pak bus services face possible threat of closure.
May 31, 2006... (From Business Recorder) Byline: RECORDER REPORT The continuation of communication links between Pakistan and India established lately seem impossible due to strict visa policy of both sides. Only few of them who wish to travel...

Envoys-designate present credentials to Musharraf.
May 31, 2006... (From Business Recorder) Ambassadors-designate from eight different countries including Mohammed Rida El-Fassi from Morocco, Oybek Usmanove (Uzbekistan), Guestavo Machin Gomes (Cuba), Saidov Saidbek Boykhnovich (Tajikistan). Ri Yong...

Saifullah meets Malaysian and Iranian foreign ministers.
May 31, 2006... (From Business Recorder) Minister for Inter-Provincial Co-ordination, Salim Saifullah Khan, who is leading the Pakistan delegation to the ministerial meeting of the NAM Co-ordinating Bureau (NAM-CoB) at Putrajaya, Malaysia, held...

Locomotives purchase: PPP denounces decision to drop investigations.
May 31, 2006... (From Business Recorder) Byline: RECORDER REPORT Pakistan Peoples Party (PPP) has denounced the decision to drop investigations into the scam involving purchase of Chinese locomotives for nearly 100 million dollars on the ground of...

Government urged to cut defence, non-development expenditure.
May 31, 2006... (From Business Recorder) Byline: RECORDER REPORT Speakers at a seminar here on Tuesday urged the government for substantial reduction in defence and non-development expenditure to have more resources for social sector, human...

Promotion of democracy linked to elimination of army's role in politics.
May 31, 2006... (From Business Recorder) Byline: MUMTAZ ALVI Experts on Tuesday linked promotion of democracy to the elimination of the military's increasing role in politics and the political forces' sticking to the charter of democracy. They...

Bone marrow transplant patient discharged.
May 31, 2006... (From Business Recorder) Byline: RECORDER REPORT Shaukat Khanum Memorial Cancer Hospital and Research Centre has discharged 22-year old Muhammad Salman, a student of B.Sc. Engineering whose bone marrow was successfully transplanted...

Enhanced funds for health and education urged.
May 31, 2006... (From Business Recorder) Byline: RECORDER REPORT The Pakistan Medical Association (PMA) has demanded of the government to enhance budgetary allocations for education and health sectors in the Budget 2006-07. PMA President Dr Umar...

Smoking kills 0.1 million in Pakistan annually.
May 31, 2006... (From Business Recorder) Byline: MUHAMMAD RIAZ Every year the world celebrates 'World No-Tobacco Day' on May 31 to draw global attention to the tobacco epidemic and the preventable death and disease it causes. The day is being...

'No Tobacco Day' observed at Aga Khan University.
May 31, 2006... (From Business Recorder) Byline: MUSARRAT FAROOQUI Tobacco is the world's single largest preventable cause of death, said Professor Javaid Ahmed Khan, Head of the Section of Pulmonary and Critical Medicine (CME) at the Aga Khan...

No Tobacco Day today.
May 31, 2006... (From Business Recorder) Byline: MUHAMMAD BILAL The government will observe the World No Tobacco Day on Wednesday. Despite tall claims, the government has so far miserably failed to implement anti smoking law - Prohibition of Smoking...

Memon for promoting democratic culture in political parties.
May 31, 2006... (From Business Recorder) Byline: RECORDER REPORT Pakistan Muslim League Central Additional Secretary General Senator Nisar Memon has called for promotion of democratic culture in the political parties, saying the election of party...

Violation of rights in jails a provincial subject: Wasi.
May 31, 2006... (From Business Recorder) Byline: RECORDER REPORT The Federal Minister for Law, Justice and Human Rights Wasi Zafar has called upon the non-government organisations (NGOs) working in social sector to educate the people about their...

Bangladesh offered 0.5 million tons rice.
May 31, 2006... (From Business Recorder) Pakistan has offered to export 0.5 million tones of rice. According to private TV channel, Ministry of Food will take steps after receiving positive response from Bangladesh government. The Ministry of Food has...

Musharraf phones Yodhoyono.
May 31, 2006... (From Business Recorder) President General Pervez Musharraf on Tuesday called his Indonesian counterpart Susilo Bambang Yodhoyono to express Pakistani nation's grief and wholehearted support in the wake of last weekend's earthquake that...

Mughal Railway Station proposed for dry port.
May 31, 2006... (From Business Recorder) Byline: RECORDER REPORT The Rawalpindi Chamber of Commerce and Industry (RCCI) has proposed Mughal Railway Station in Rawat for establishment of Rawalpindi dry port. The proposal was made by Jalil Ahmed...