Business Recorder articles from May 2009

Business Recorder archives from May 2009

Your rupee last week.
May 31, 2009... Following currency fluctuations took place in foreign exchange rates during the last week. (May 25 to 30, 2009). ======================================================================================================== T T CLEAN BUYING -...

The Weather.
May 31, 2009... Byline: RECORDER REPORT The weather report on Saturday (May 30, 2009) and the forecast for Sunday (May 31, 2009). ============================================== Cities Max Min Humidity Rain ==============================================...

Lahore Grain Market Rates.
May 31, 2009... Byline: RECORDER REPORT Grain and other commodity rates in rupees on Akbari Mandi on Saturday (May 30, 2009). ======================================== Per 100 kg ======================================== Sugar 4440/4450 Gur 5500/6000...

Hides and skin rates.
May 31, 2009... Byline: RECORDER REPORT Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Saturday (May 30, 2009). ============================================= HIDES =============================================...

Grain market rates.
May 31, 2009... Byline: RECORDER REPORT Karachi grain market rates in rupees on Saturday (May 30, 2009). ======================================= CEREALS (Per 100 Kgs) ======================================= Makai 1525/1550 Juwar 1050/1100 Moong Punjab...

Rates of dry fruit.
May 31, 2009... Byline: RECORDER REPORT Rates of dry fruit in rupees prevailing on the commodity markets in Karachi on Saturday (May 30, 2009). ======================================= DRY FRUITS (Per 40 Kg) ======================================= Chaman...

Karachi chemicals and dyes market rates.
May 31, 2009... Byline: RECORDER REPORT Chemicals and dyes market rates in rupees on Saturday (May 30, 2009). ======================================= DYES NAPHTHOLS CHINA (Per Pound) ======================================= As 100 pc 200.00 AS 80 pc...

Jute goods rates.
May 31, 2009... Byline: RECORDER REPORT Jute goods rates in rupees prevailing on the commodity markets in Karachi on Saturday (May 30, 2009). ======================================= JUTE GOODS TWINE (Per Kg) ======================================= 20x3...

Rates of spices and other allied commodities.
May 31, 2009... Byline: RECORDER REPORT Rates of spices and other allied commodities in rupees prevailing on the commodity markets in Karachi on Saturday (May 30, 2009). ======================================= KIRANA ITEMS (Per 40 Kg)...

Raw rubber rates.
May 31, 2009... Byline: RECORDER REPORT Raw Rubber rates in rupees prevailing on the commodity markets in Karachi on Saturday (May 30, 2009). ======================================= RAW RUBBER CEYLON (per lb) =======================================...

Milk powder rates.
May 31, 2009... Byline: RECORDER REPORT Milk Powder rates in rupees prevailing on the commodity markets in Karachi on Saturday (May 30, 2009). ======================================= MILK POWDER Skimmed (per bag of 25...

Karachi tea rates.
May 31, 2009... Byline: RECORDER REPORT Tea rates in rupees prevailing on the commodity markets in Karachi on Saturday (May 30, 2009). ======================================= TEA (PER KG) =======================================...

Automart: car prices in Karachi.
May 31, 2009... Byline: RECORDER REPORT The prices of different makes and models of cars prevailing in Karachi in the week ended Saturday (May 30, 2009). ===============================================================================...

Poultry Rates.
May 31, 2009... Byline: RECORDER REPORT Wholesale poultry rates on Saturday (May 30, 2009) and for Sunday (May 31, 2009). Eggs: Rs 1200/1205 per 30 dozen; Broiler Birds (live): Rs 98 per kilogram; Cull Birds (live): Rs 64 per kilo. RATES FOR Sunday: ...

World Shipping Schedule.
May 31, 2009... Byline: RECORDER REPORT Karachi Port's world-wide shipping schedule beginning Saturday (May 30, 2009). ================================================================ SHIPS ETD AGENTS TO LOAD...

Iron, steel and other metal rates.
May 31, 2009... Byline: RECORDER REPORT Iron, steel and other metal rates in rupees prevailing on the commodity markets in Karachi on Saturday (May 30, 2009). =========================================================== PRIME AND EXPRIME G.P. COIL &...

Rates of Pipe Fittings.
May 31, 2009... Byline: RECORDER REPORT Pipe fitting rates in rupees prevailing in the markets in Karachi on Saturday (May 30, 2009). ============================== PIPE FITTING CHINA GALVANISED T G Brand ============================== TEE Rs...

EFU funds rates.
May 31, 2009... EFU Life Assurance Ltd announced that the Offer and Bid prices for the following funds effective from Monday June 01, 2009. ============================ EFU Managed Growth Fund ============================ Offer Price Rs 664.62 Bid Price Rs...

Dollar's rate in interbank market.
May 31, 2009... Byline: RECORDER REPORT Interbank closing rates for dollar on Saturday (May 30, 2009). =========================== Buying Rs 81.15 Selling Rs 81.20 =========================== Copyright 2009 Business Recorder

Shipping Intelligence.
May 31, 2009... Byline: RECORDER REPORT Karachi Shipping Intelligence report incorporating changes till 7 am on Saturday (May 30, 2009). PORT QASIM INTELLIGENCE ================================================================================= Berth...

Kerb buying and selling rate of US dollar.
May 31, 2009... Byline: RECORDER REPORT Dollar buying and selling rate in the kerb market in rupees on Saturday (May 30, 2009). =========================== Open Buying Rs 80.90 Open Selling Rs 81.10 =========================== Copyright 2009 Business...

THE RUPEE: dollar further up.
May 31, 2009... Byline: RECORDER REPORT Declining trend was seen on the interbank market on Saturday as the rupee moved down, losing 15 paisa for buying and selling at 81.15 and 81.20 amid strong demand for the US currency, dealers said. High demand for...

Revised Rates of Debt Securities.
May 31, 2009... Byline: RECORDER REPORT The following were the revised rates of debt securities on Saturday (May 30, 2009). ============================================================================================================ Rates of Debt...

Cross Transactions between Client to Client & Financial Institutions.
May 31, 2009... Byline: RECORDER REPORT The following were the cross transactions between client to client & financial institutions here on Saturday (May 30, 2009). ===================================================================== CROSS...

Member to Member.
May 31, 2009... Byline: RECORDER REPORT The following transactions member to member subsequently reported on Saturday (May 30, 2009). ============================================================================== MEMBERS HAVE SUBSEQUENTLY REPORTED THE...

World currencies and dollar.
May 31, 2009... Byline: RECORDER REPORT Value of the dollar in terms of other world currencies as prevailing in the week ended Saturday (May 30, 2009). ========================================================= COUNTRY CURRENCY VALUE OF...

Currency values in terms of Special Drawing Rights.
May 31, 2009... Byline: RECORDER REPORT The International Monetary Fund (IMF), treasuries' department's currency values in terms of Special Drawing Rights (SDR). ====================================================================================== May...

Open market rates of foreign currencies.
May 31, 2009... Byline: RECORDER REPORT Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Saturday (May 30, 2009). ========================================================================= CURRENCY BUYING...

Spot dollar rates.
May 31, 2009... Byline: RECORDER REPORT Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Saturday (May 30, 2009). ======================================= Ex Interbank Rate PKR against USD ======================================= BID OFFER...

Money Market Report.
May 31, 2009... Byline: RECORDER REPORT Money market report by Khadim Ali Shah Bukhari & Co on Saturday (May 30, 2009). DAILY MONEY MARKET COMMENTS: Money market initiated at the level of 12.00% - 13.00%. In Repo, major deals were done in the range of...

Bill buying rates per unit of currency.
May 31, 2009... Byline: RECORDER REPORT Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Saturday (May 30, 2009)....

Banks' rates for currency notes (buying and selling).
May 31, 2009... Byline: RECORDER REPORT The selling/buying rates for currency notes of major currencies issued by National Bank (NBP) here on Saturday (May 30, 2009). =================================== Selling Buying ===================================...

LIBOR calculating interest on US dollar.
May 31, 2009... Byline: RECORDER REPORT London Interbank Offer Rates on for calculating interest on special US dollar on Saturday (May 30, 2009). ========================================= BONDS LIBOR VALUE =========================================...

Interest rates on old and incremental FCY deposits.
May 31, 2009... Byline: RECORDER REPORT Interest rates on old and incremental FCY deposits on Saturday (May 30, 2009). ================== Rates % pa ================== USD 0.1000 GBP 0.1000 ================== Copyright 2009 Business Recorder

Conversion for foreign currency deposits.
May 31, 2009... Byline: RECORDER REPORT Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Saturday (May 30, 2009). =============================================== US DOLLAR POUND...

Currency notes: exchange rates.
May 31, 2009... Byline: RECORDER REPORT Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Saturday (May 30, 2009). ============================================= AUTHORISED DEALERS'...

Barclays bid rates and maximum rates for payment of interest.
May 31, 2009... Byline: RECORDER REPORT Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) --...

Exchange rates: buying and selling.
May 31, 2009... Byline: RECORDER REPORT Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Saturday (May 30, 2009). ========================================= Countries Selling Buying Buying TT&OD TT Clean...

State Bank of Pakistan conversion rates.
May 31, 2009... Byline: RECORDER REPORT Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for...

Aaj TV - Sunday's schedule.
May 31, 2009... Byline: RECORDER REPORT 06:00 News Bulletin 06:25 Headline News 06:30 News Bulletin 06:55 Headline News 07:00 Economy Plus 07:25 Headline News 07:30 Economy Plus 07:55 Headline News 08:00 News Bulletin 08:25 Headline News 08:30 News Bulletin...

Price softness, low volume persist on cotton market.
May 31, 2009... Byline: RECORDER REPORT Bearish trend persisted on the cotton market on Saturday as mills still on the sidelined due to lack of buying interest, dealers said. The official spot rate was unchanged Rs 3,600. In the ready business nearly 1,000...

Grams prices turn lower on grain, seed market.
May 31, 2009... Byline: RECORDER REPORT Grams prices were down on the whole sale grain and seed market on Saturday following the steady supplies from upcountry centres, dealers said. On the grams side, grams Australia was lower by Rs 100 to Rs 3,550-3,750...

Activity at karachi and Qasim ports.
May 31, 2009... Byline: RECORDER REPORT The Karachi Port handled 130,119 tonnes of cargo including 100,584 tonnes of import and 29,535 tonnes of export; 4,745 loaded and empty containers (TEUs) during last 24 hours ending at 0700 hours on Saturday. The...

G8 ministers target global crime.
May 31, 2009... Justice and home affairs ministers from the Group of Eight (G8) on Saturday adopted a series of proposals aimed at combating organised crime, child pornography, human trafficking, terrorism, piracy and internet fraud.A "critical tool" in...

Four killed in various incidents.
May 31, 2009... Byline: RECORDER REPORT At least four people lost their lives in different incidents across the metropolis on Saturday, police and witnesses said. A 30-year-old young man was found dead around pedestrian bridge near Radio Pakistan, Quaidabad...

'Ibrahim Joyo rendered matchless services for people'.
May 31, 2009... The literary services of eminent intellectual, writer and researcher Muhammad Ibrahim Joyo were highly eulogised by the writers, educationists and politicians while an Honorary Degree of Doctorate was announced for him by the University of Sindh...

35,000 megawatts power generation by the end of 2009: MD Pepco.
May 31, 2009... Managing Director Energy Management Pakistan Electric Power Company (Pepco) Tahir Basharat Cheema said on Saturday that government is working on several power generation projects to overcome electricity deficit in the country. Talking to a...

PCP, SCCI hold seminar on 'Public-Private Partnership'.
May 31, 2009... Byline: RECORDER REPORT Planning Commission of Pakistan (PCP) and Sialkot Chamber of Commerce and Industry (SCCI) jointly organised a one-day seminar on 'Public-Private Partnership' here on Saturday at Sialkot Chamber of Commerce and Industry...

Revenue officers asked to recover dues within 15 days.
May 31, 2009... Byline: RECORDER REPORT Acting Commissioner Faisalabad Division Saeed Wahlah has assigned new targets of recovery of agriculture income tax, water bills and other government dues to Revenue Officers and directed them to achieve 100 percent...

Wrong policy.
May 31, 2009... Byline: DR FAREEHA KHANUM (MARDAN) This is with reference to the recent suicide attack in Lahore and threat to other cities of Punjab. I will hold Nawaz Sharif responsible for his wrong policy and the result today is that people of Punjab are...

Troubled lives.
May 31, 2009... Byline: SHAHNAZ KHARADI (KARACHI) Pakistan is an underdeveloped country. Average income of a common man is very low. People of middle and lower middle class mostly live from hand to mouth situation. It is very difficult for them to meet their...

Influx of terrorists.
May 31, 2009... Byline: GUL ZAMAN KHAN (MARDAN) The people of Swat and those living along the Afghan border are facing an influx of terrorists from across the border. These terrorists are armed to the teeth, possess latest weapons and have enough cash to...

Pepco - a strategic vision.
May 31, 2009... Byline: AURANGZEB SOHARWARDI Pakistan Electric Power Company (Private) Limited (Pepco), has been entrusted the task of managing the transition to a commercially viable and productive corporate entity. It is a mammoth task and progress in the...

Reasons for industrial Backwardness.
May 31, 2009... Byline: SHAHZAD AHMAD No doubt Pakistan is an agricultural country. Industrial sector is the second largest sector of the economy contributing 19% to GDP of Pakistan and employing a large number of population of the country. At the time of...

Pre-empting plight of millions on the breadline.
May 31, 2009... Breaking several years of the vicious cycle of compelling wheat imports caused by failure to meet planned targets, dreams of a bumper wheat crop have come true, or so it appears, as this year's estimated yield is around 24 to 25 million tons. ...

Water loss of $60 billion.
May 31, 2009... The Chairman of Institute of Electrical and Electronics Engineers Pakistan (IEEEP), Lahore Chapter, Suleman N. Khan, while talking to Business Recorder has made two very important and valid points regarding Pakistan's long-term economic...

No security check at entry points of Capital.
May 31, 2009... Byline: RECORDER REPORT The security high alert declared by the government on Friday after threats from Taliban to target major cities including Islamabad proved only one day affair, as there was no security check at entry points of Islamabad...

15 employees of Lesco handed over pension papers.
May 31, 2009... Byline: RECORDER REPORT Chief Executive Lesco, Muhammad Akram Arain handed over complete pension papers to 15 Lesco employees and presented souvenirs to those who retired during May, 2009 from service after attaining the superannuating age....

Shutdown Notice.
May 31, 2009... According to IESCO press release, power supply will remain suspended due to construction work as per following schedule: Sunday 31 May From 0900 to 1500 hours, Kuldana Feeder, Sunny Bank Feeder, Gharial Feeder, Barian Feeder, PAF Feeder, Mall...

IESCO Mobile Unit schedules for June.
May 31, 2009... Islamabad Electric Supply Company (IESCO) has taken a lot of steps to provide facilities to its consumers. IESCO Mobile Unit is one of them, which is providing services to the consumer doorstep since long. In this regard, IESCO Mobile Unit...

29 POs arrested, 22 policemen punished for inefficiency.
May 31, 2009... Byline: RECORDER REPORT On the directive of Capital City Police Officer (CCPO), Muhammad Pervez Rathore, the Investigation Police Iqbal Town has arrested as many as 29 dangerous proclaimed offenders including two women. While, SP...

Hafiz Saeed case proceedings adjourned till June 1.
May 31, 2009... Byline: RECORDER REPORT A full bench of Lahore High Court (LHC) adjourned till Monday (tomorrow), June 1, the proceedings in relation to a habeas corpus petition, challenging the detention of Chief Jamat-ud-Dawa (JD) Hafiz Muhammad Saeed and...

Survey being conducted to assess Lahore blast damages.
May 31, 2009... Byline: MUHAMMAD SALEEM & HAMID WALEED Punjab government is conducting a survey to assess the degree of damages occurred to private property in Wednesday's bomb blast in the city of Lahore that killed 30 people and left 250 civilians and...

'All measures being taken to make budget business-friendly'.
May 31, 2009... Byline: RECORDER REPORT The Federal Minister for Parliamentary Affairs, Dr Babar Awan, has said that all measures are being taken to ensure a business- and people-friendly budget for the financial year 2009-10. Addressing members of the...

NWFP governor asks FDA to speed up uplift works.
May 31, 2009... Byline: RECORDER REPORT The NWFP Governor, Owais Ahmed Ghani on Saturday directed Fata Development Authority to accelerate the work on mega development project in FATA saying that timely completion of these projects was necessary for speedy...

LHC constitutes 15 DBs, 33 SBs.
May 31, 2009... Byline: RECORDER REPORT Chief Justice Lahore High Court (LHC), Khawaja Muhammad Sharif, here on Saturday constituted 15 division benches (DBs) and 33 single benches (SBs) for the disposal of the cases pending with principal seat of the august...

'Talimi Basta' to be distributed among children.
May 31, 2009... Advisor to Sindh Chief Minister, Sharmila Faruqui said on Saturday that she, in collaboration with the Sindh government and NGos, has planned to distribute "Talimi Basta" comprising games and other educational material among children at street...

UHS mobile hospitals treating 400 IDPs daily.
May 31, 2009... Byline: RECORDER REPORT Medical teams of the University of Health Sciences (UHS) sent to Mardan and Swabi for providing health cover to the Internally Displaced Persons (IDPs) are treating more than 400 patients daily. The UHS sent two mobile...

IDPs need anti-mosquito medicines, other essential items.
May 31, 2009... Byline: ABDUL QADOOS The government of NWFP requires at least 50,000 bottles of anti- mosquito medicines to protect internally displaced persons (IDPs) from biting of mosquitos and prevention of the outbreak of malaria in the camps. More than...

Government urged to ensure foodstuff availability in far-flung areas: experts criticise ban on wheat movement.
May 31, 2009... Byline: RECORDER REPORT Economic experts at a workshop criticised the inter-provincial ban on wheat movement, that led to food scarcity, and called upon the government to ensure availability of foodstuff in far-flung areas of Balochistan,...

'Changes in KESC set-up essential'.
May 31, 2009... 'The change of faces is not likely to make any improvement in the present electricity crisis, but it is essential that major changes are made in the present policy and set up of the company.' Welcoming the appointment of Wiqar Siddiqui as the...

CDGK adds two more mega projects to corridor-III.
May 31, 2009... The City District Government Karachi (CDGK) has added two more mega projects in the under construction signal free corridor-III. Work on an underpass and flyover at Shahra-e-Quaideen is being executed rapidly with the addition of these projects...

'World No Tobacco Day' today.
May 31, 2009... Byline: MUHAMMAD SALEEM 'Half of the world's smokers, a figure close to 700 million are living at high risk to their health will eventually succumb to the dangerous affect of tobacco. 'The Chairman, Pakistan Medical Society (PMS), Dr Masood...

PMA observes 'No Tobacco Day'.
May 31, 2009... The Pakistan Medical Association (PMA), Karachi, in collaboration with the Pakistan Chest Society marked the no tobacco day with call for complete smoking ban in public places. A statement on Saturday said that the occasion was utilised to...

Seminar on health hazard of tobacco held.
May 31, 2009... Byline: RECORDER REPORT The speakers of one-day seminar on Health Hazard of Tobacco have recommended for implementation on the Ordinance 2002 against smoking, creating awareness among school children and banning Tobacco advertisements to...

Shifa organises World No Tobacco Day.
May 31, 2009... Shifa International Hospital has organised "World No Tobacco day" here on Saturday. "Smoking is the first step towards drug addiction and family destruction and to make No Tobacco Campaign a success it is necessary to bring about a change in...

Disabled persons' job quota: Chief Justice LHC takes suo motu notice.
May 31, 2009... Byline: RECORDER REPORT Chief Justice of Lahore High Court Khawaja Muhammad Sharif while taking suo moto action regarding appointment of disabled persons has directed the chief secretary Punjab to submit report till June 05. The Chief Justice...

FBR rejects PCDA's budget proposals.
May 31, 2009... Byline: SOHAIL SARFRAZ The Federal Board of Revenue (FBR) has rejected a budget proposal of the Pakistan Chemist and Druggist Association (PCDA), which proposed reducing the customs duty from 20 per cent to 5 per cent on the import of...

Governor appreciates GCU staff, students for helping IDPs.
May 31, 2009... Byline: RECORDER REPORT Governor Punjab and the Chancellor of Government College University Lahore Salmaan Taseer appreciated the humane efforts of the staff of GCU who donated two days salary amounting to Rs 1.38 million for the welfare of...

Two-day Intra Kashmir trade moot postponed.
May 31, 2009... The two-day intra Kashmir trade conference scheduled on June 2-3 in Islamabad has been postponed. The objective of the conference was to review the CBMs between India and Pakistan on trans-LoC movement. This was declared here on Saturday by the...

Mukhtar calls on Shahbaz.
May 31, 2009... Byline: RECORDER REPORT Defence Minister Chaudhry Ahmad Mukhtar met Punjab Chief Minister Muhammad Shahbaz Sharif here on Saturday. During the meeting present situation of the country, Swat operation and other matters including issue IDPs...

Security of Chinese national beefed up.
May 31, 2009... The government has decided to further beef up the security of Chinese nationals working in Pakistan owing to the security situation in the country. A high level meeting held on Saturday at the Ministry of Interior reviewed the security of...

Lawyers' body wants enhanced status for IHC.
May 31, 2009... President Islamabad High Court Bar Association (IHCBA) Sajjad Afzal Cheema here Saturday demanded of the government to enhance status of IHC to that of a Federal High Court besides, construction of a judicial complex in the Federal Capital....

PML-Q polls delayed till 'all IDPs are rehabilitated'.
May 31, 2009... The intra-party polls of Pakistan Muslim League (Quaid-e-Azam) have been delayed for at least six months - on the pretext of the efforts to help the Internally Displaced Persons (IDPs) and the ongoing military operation in Malakand division....