Business Recorder articles from November 2008

Business Recorder archives from November 2008

LME official prices.
November 27, 2008... Byline: RECORDER REPORT The following were Tuesday official prices. ================================================================================================== Aluminium Aluminium Copper Lead Nickel Tin Zinc Nasaac Alloy...

Non ferrous metals, ferrous alloy rates.
November 27, 2008... Byline: RECORDER REPORT Non ferrous metals, ferrous alloy rates in rupees prevailing on the commodity markets in Karachi on Wednesday (November 26, 2008). ======================================= Non-ferrous metals, ferrous alloy...

Poultry rates.
November 27, 2008... Byline: RECORDER REPORT Wholesale poultry rates on Wednesday (November 26, 2008)and for Thursday (November 27, 2008). Eggs: Rs 2250/2255 per 30 dozen; Broiler Birds (live): Rs 82 per kilogram; Cull Birds (live): Rs 58 per kilo. ...

Cotton Spot Rates.
November 27, 2008... Byline: RECORDER REPORT Official KCA spot rates for local dealings in Pakistan rupees on Wednesday (November 26, 2008). =========================================================== The KCA Official Spot Rate for Local Dealings in...

NJLI Managed Fund prices.
November 27, 2008... New Jubilee Life Insurance Company has announced the offer and bid price per unit for the following funds effective from Thursday, (November 27, 2008). ========================= MANAGED GROWTH FUND ========================= Offer Price...

Lahore Grain Market Rates.
November 27, 2008... Byline: RECORDER REPORT Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (November 26, 2008). ===================================== Per 100 kg ===================================== Sugar 3350/3360 Gur...

National Commodity Exchange Trading Summary.
November 27, 2008... Byline: RECORDER REPORT National Commodity Exchange Limited Trading Summary on Wednesday (November 26, 2008). ========================================================================================================================...

Lahore Paper Market Rates.
November 27, 2008... Byline: RECORDER REPORT Paper market rates in rupees on Wednesday (November 26, 2008). =========================================== OFFSET PAPER (PER LB) =========================================== Indonesia...

Kerb buying and selling rate of US dollar.
November 27, 2008... Byline: RECORDER REPORT Dollar buying and selling rate in the kerb market in rupees on Wednesday (November 26, 2008). ================================ Open Buying Rs 77.50 Open Selling Rs 78.00 ================================ ...

Dollar's rate in interbank market.
November 27, 2008... Byline: RECORDER REPORT Interbank closing rates for dollar on Wednesday (November 26, 2008). ============================== Buying Rs 78.75 Selling Rs 78.85 ============================== Copyright 2008 Business Recorder

Shipping Intelligence.
November 27, 2008... Byline: RECORDER REPORT Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (November 26, 2008). PORT QASIM INTELLIGENCE ...

THE RUPEE: dollar weakens.
November 27, 2008... Byline: RECORDER REPORT Rising trend persisted on the interbank market on Wednesday as the rupee gained 15 paisa versus dollar for buying at 78.75 and it also gained 10 paisa for selling at 78.85, dealers said. There was demand for...

Oil: PAKISTAN STATE OIL - Analysis of Financial Statements Financial Year 2003 - Financial Year 2008.
November 27, 2008... Fluctuation in international oil prices has rendered the performance of Oil Marketing Companies (OMCs) unpredictable in terms of productivity. While the crude oil has again receded to below $70 per barrel owing to slowdown in demand from US...

All shares index report.
November 27, 2008... Byline: RECORDER REPORT The sector-wise all shares index report on Wednesday (November 26, 2008). ======================================================================================================================== ==== ALL...

Mutual Funds Association of Pakistan.
November 27, 2008... Byline: RECORDER REPORT Mutual Funds Association has issued open-end funds daily prices for Thursday (27 November 2008) PENSION FUNDS (OPEN-END FUNDS): CLOSED-END FUND NAVs: ...

BRIndex30 and BR Sectoral Indices.
November 27, 2008... Byline: RECORDER REPORT BRIndex30 and BR Sectoral Indices on Wednesday (November 26, 2008). =================================== BR INDICASE AT A GLANCE =================================== BRINDEX30 -...

Despatch of dividend warrants.
November 27, 2008... Byline: RECORDER REPORT Dates of despatch of dividend warrants and bonus share certificates. ==================================================================================== Company Year Ended/Ending Dividend/Bonus Dispatched...

Shares buy-back schedule.
November 27, 2008... Byline: RECORDER REPORT Shares buy-back schedule of listed companies on Wednesday (November 26, 2008). ======================================================================================= Company Re-Purchase From To Member...

BOARD MEETINGS.
November 27, 2008... Byline: RECORDER REPORT Board Meetings of Companies listed on the Karachi Stock Exchange. ===================================================================== Name of Company Date Time...

Last date of renunciation/payment.
November 27, 2008... Byline: RECORDER REPORT Last dates of renunciation/payment. =============================================================================== LAST DATE FOR RENUNCIATION/PAYMENT...

Proposed right issues.
November 27, 2008... Byline: RECORDER REPORT Right issues proposed by companies listed on Karachi Stock Exchange. =============================================================== PROPOSED RIGHT ISSUE...

Clearing Schedule for T+2 System.
November 27, 2008... Byline: RECORDER REPORT Karachi Stock Exchange's Clearing Schedule for T+2 System. ================================================================ CLEARING SCHEDULE FOR T+2 SYSTEM FOR THE MONTHS OF NOVEMBER & DECEMBER 2008...

EFU Aitemad Growth Fund Rates.
November 27, 2008... Byline: RECORDER REPORT EFU Aitemad Growth Fund Rates on Wednesday (November 26, 2008). ============================= Offer price 504.74 Bid Price 479.50 ============================= Copyright 2008 Business Recorder

EFU Capital Growth Fund Rates.
November 27, 2008... Byline: RECORDER REPORT EFU Capital Growth Fund Rates on Wednesday (November 26, 2008). ============================= Offer price 206.69 Bid Price 196.36 ============================= Copyright 2008 Business Recorder

EFU Pension Growth Fund Rates.
November 27, 2008... Byline: RECORDER REPORT EFU Pension Growth Fund Rates on Wednesday (November 26, 2008). ============================= Offer price 116.72 Bid price 110.88 ============================= Copyright 2008 Business Recorder

EFU Managed Growth Fund Rates.
November 27, 2008... Byline: RECORDER REPORT EFU Managed Growth Fund Rates on Wednesday (November 26, 2008). ============================= Offer price 647.56 Bid price 615.18 ============================= Copyright 2008 Business Recorder

NJLI MEESEQ Fund Rates.
November 27, 2008... Byline: RECORDER REPORT NJLI Meeseq Fund Rates on Wednesday (November 26, 2008). ============================= Offer price 459.37 Bid Price 436.39 ============================= Copyright 2008 Business Recorder

NJLI Sarmaya Growth Fund Rates.
November 27, 2008... Byline: RECORDER REPORT New Jubilee Life Insurance Sarmaya Growth Fund Rates on Wednesday (November 26, 2008). ============================== Offer Price 187.58 Bid Price 178.19 ============================== Copyright 2008...

NJLI Pension Fund Rates.
November 27, 2008... Byline: RECORDER REPORT New Jubilee Life Insurance Pension Fund Rates on Wednesday (November 26, 2008). ============================== Offer Price 436.75 Bid Price 414.90 ============================== Copyright 2008 Business...

NJLI Managed Growth Fund Rates.
November 27, 2008... Byline: RECORDER REPORT New Jubilee Life Insurance Managed Growth Fund Rates on Wednesday (November 26, 2008). ============================= Offer Price 395.41 Bid Price 375.63 ============================= Copyright 2008...

US treasuries bid yields.
November 27, 2008... Byline: RECORDER REPORT US treasuries bid yields on Wednesday (November 26, 2008). =========================================================================== US TREASURIES (BID YIELDS)...

US treasuries bid prices.
November 27, 2008... Byline: RECORDER REPORT US treasuries bid prices on Wednesday (November 26, 2008). ========================================================================================== US TREASURIES (BID PRICES)...

Currency values in terms of Special Drawing Rights.
November 27, 2008... Byline: RECORDER REPORT The International Monetary Fund (IMF), treasuries' department's currency values in terms of Special Drawing Rights (SDR). ======================================================================================...

Open market rates of foreign currencies.
November 27, 2008... Byline: RECORDER REPORT Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Wednesday (November 26, 2008). ========================================================================= CURRENCY BUYING...

Spot dollar rates.
November 27, 2008... Byline: RECORDER REPORT Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Wednesday (November 26, 2008). ======================================= Ex Interbank Rate PKR against USD ======================================= BID...

London Interbank Offered Rates.
November 27, 2008... Byline: RECORDER REPORT London Interbank Offered Rates (LIBOR) on Wednesday (November 26, 2008). ========================================================= Rates at 11:00 London time Wednesday (November 26, 2008)...

Money Market Report.
November 27, 2008... Byline: RECORDER REPORT Money market report by Khadim Ali Shah Bukhari & Co on Wednesday (November 26, 2008). DAILY MONEY MARKET COMMENTS: Money market initiated at the level of 7.00% - 8.00%. In Clean, trading levels varied between...

Banks' rates for currency notes (buying and selling).
November 27, 2008... Byline: RECORDER REPORT The selling/buying rates for currency notes of major currencies issued by National Bank (NBP) here on Wednesday (November 26, 2008). =================================== Selling Buying...

LIBOR calculating interest on US dollar.
November 27, 2008... Byline: RECORDER REPORT London Interbank Offer Rates on for calculating interest on special US dollar on Wednesday (November 26, 2008). ========================================= BONDS LIBOR VALUE...

Interest rates on old and incremental FCY deposits.
November 27, 2008... Byline: RECORDER REPORT Interest rates on old and incremental FCY deposits on Wednesday (November 26, 2008). ================== Rates % pa ================== USD 0.1000 GBP 0.1000 ================== Copyright 2008 Business...

Bill buying rates per unit of currency.
November 27, 2008... Byline: RECORDER REPORT Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Wednesday (November 26, 2008). ...

Currency notes: exchange rates.
November 27, 2008... Byline: RECORDER REPORT Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Wednesday (November 26, 2008). ============================================= AUTHORISED...

Conversion for foreign currency deposits.
November 27, 2008... Byline: RECORDER REPORT Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Wednesday (November 26, 2008). =============================================== US DOLLAR...

Exchange rates: buying and selling.
November 27, 2008... Byline: RECORDER REPORT Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Wednesday (November 26, 2008). ======================================== Countries Selling Buying Buying TT&OD TT Clean...

State Bank of Pakistan conversion rates.
November 27, 2008... 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...

Barclays bid rates and maximum rates for payment of interest.
November 27, 2008... 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) --...

Aaj TV - Thursday's schedule.
November 27, 2008... Byline: RECORDER REPORT 06:00 Live With Talat 06:55 Headline News 07:00 Bolta Pakistan 07:55 News Bulletin 08:55 Headline News 09:00 Aaj Market Morning (Live) 09:45 Beeper Stock Market (Live) 09:55 Headline News 10:00 Kiran Aur George...

Activity at Karachi and Qasim ports.
November 27, 2008... Byline: RECORDER REPORT The Karachi Port handled 134,599 tonnes of cargo including 91,119 tonnes of import, 43,480 tonnes of export, 5,103 loaded and empty containers (TEUs) during last 24 hours ending at 0700 hours on Wednesday. The...

Prices turn lower on grain market.
November 27, 2008... Byline: RECORDER REPORT Lack of interest pushed the commodity prices lower on the grain market on Wednesday in process of lacklustre trading, dealers said. Most of the changes were seen on the seed side as rapeseeds Nawabshah lost Rs 50...

Plastic mouldings close mixed on Jodia Bazaar.
November 27, 2008... Byline: RECORDER REPORT The trading in plastic mouldings compounds closed mixed on Jodia Bazaar here on Wednesday. The following changes were noted. PLASTIC MOULDINGS COMPOUNDS (per lb): HDPE (FILM): Saudia edged down by Rs 2 to Rs...

Slow activity on cotton market.
November 27, 2008... Byline: RECORDER REPORT Slight fall was seen in the business activity on the cotton market on Wednesday as mills adopted the wait-and-see attitude, waiting for outcome of the Trading Corporation of Pakistan (TCP) and ginners' meeting,...

Zeeshan drives PIA to revengeful win over NBP.
November 27, 2008... Byline: RECORDER REPORT Karachi-born front-runner Zeeshan Ali landed the solitary goal, as PIA brushed aside NBP 1-0 in the 166th encounter of Pakistan Premier Soccer League at Garhi Shahue's Railway Stadium, here on Wednesday. Currently...

National Junior Women Hockey Team for Asia Cup announced.
November 27, 2008... Byline: RECORDER REPORT Pakistan Hockey Federation (PHF) has announced 18-member National Junior Women Hockey Team which will take part in the 6th Women Asia Cup Hockey Tournament being held from December 13-21 in Kuala Lumpur. THE...

Ninth round of cycle race kicked off.
November 27, 2008... Byline: RECORDER REPORT The ninth round of the 14th Tour De Pakistan International Cycle Race from Lahore to Gujrat kicked off on Wednesday. Cyclists started their journey for the ninth round from Mall Road Lahore at 9.00 am. They would...

SECP passes 107 enforcement orders during January-October 2008.
November 27, 2008... The Securities and Exchange Commission of Pakistan (SECP) has passed 107 enforcement orders against the companies during January-October 31, 2008 under various provisions of the Companies Ordinance, 1984. According to a press release of...

Government may withdraw subsidy on DAP.
November 27, 2008... Byline: ASMA RAZAQ Due to steep reduction in DAP prices world-wide, the government may withdraw subsidy of Rs 27 billion provided to the farmers for bumper wheat crop, a senior official of Food Ministry, on the condition of anonymity...

FBR asked to allow taxpayers to adjust tax liability.
November 27, 2008... President, Karachi Chamber of Commerce and Industry (KCCI), Anjum Nisar has urged the Chairman, Federal Board of Revenue, (FBR) Ahmad Waqar to allow the taxpayers to adjust their tax liability against their available/determined income tax,...

Bilateral trade: businessmen concerned over non-tariff barriers by Indian bureaucracy.
November 27, 2008... Byline: RECORDER REPORT Business community on Wednesday expressed concern over non-tariff barriers by Indian bureaucracy in way of bilateral trade and claimed that India considered Pakistan as just a dumping ground. The issue was...

National Assembly body summons FBISE chief, education secretary.
November 27, 2008... Byline: RECORDER REPORT National Assembly standing committee on education has summoned chairman Federal Board of Intermediate and Secondary Education (FBISE) and secretary education to explain the 'alleged' improvement of daughter of...

Shia leader escapes attack.
November 27, 2008... Byline: RECORDER REPORT Tension gripped the whole city when some unknown armed men opened fire on central Shia leader and burnt some shops in the metropolis on Wednesday. According to detail, the leader of All Pakistan Shia Action...

Diplomats show keen interest in GIDS products.
November 27, 2008... A large number of diplomats and senior armed forces personnel visited the 5th International Defence Exhibition and Seminar (IDEAS-2008). They also visited the Global Industrial & Defence Solutions (GIDS) pavilion, which was one of the largest...

Benazir wins UN human rights award posthumously.
November 27, 2008... The UN General Assembly on Wednesday announced it would give its 2008 human rights awards posthumously to Pakistan's former Prime Minister Benazir Bhutto and Dorothy Stang, a French Catholic nun. Other winners are Louise Arbour of Canada, the...

Iranian diesel, petrol seized.
November 27, 2008... Byline: RECORDER REPORT Iranian diesel and petrol worth millions of rupees were seized in the outskirts of Karachi on Wednesday. On a tip off, the Directorate General, Intelligence and Investigation (DGI&I) of Federal Board of Revenue...

City violence claimed lives of 141 political activists in 45 days.
November 27, 2008... Byline: RECORDER REPORT As many as 141 activists of different political parties have been killed in the metropolis in target killings during past 45 days. The majority of activists who lost their lives belonged to ruling Pakistan Peoples...

POF shows full range with new product 'POF Eye'.
November 27, 2008... Pakistan Ordnance Factories (POF) is showcasing its full range of products along with new product "POF Eye" in the 5th International Defence Exhibition and Seminar (IDEAS-2008) being held at Karachi Expo Centre. According to a press...

PPP presses UN for early investigation of Benazir murder.
November 27, 2008... Byline: RECORDER REPORT The Federal Minister for Parliamentary Affairs, Dr Babar Awan has pressed the United Nations (UN) Secretary General to constitute an international tribunal investigate the murder of late Benazir Bhutto without any...

PTCL criticised for increase in UAN charges.
November 27, 2008... Byline: MUHAMMAD RIAZ The business community has strongly criticised the Pakistan Telecommunication Company Limited for making unprecedented increase of 421 percent in the charges of universal access numbers (UAN). The PTCL changed the...

Seven alleged criminals arrested.
November 27, 2008... Byline: RECORDER REPORT The CIA Police, Iqbal Town division, has arrested seven criminals including three hired assassins involved in a number of incidents of dacoity, street crimes and murder seized car, mobile phone, motorcycle,...

Punjab set to launch crackdown against makers of spurious drugs.
November 27, 2008... Byline: MUHAMMAD SALEEM The Punjab government has sought help of pharmaceutical industry and experts for the elimination of menace of spurious medicines. Sources told Business Recorder here on Wednesday that Punjab Chief Minister Mian...

Nation won't forgive Musharraf: PML-N.
November 27, 2008... Byline: RECORDER REPORT Pakistan Muslim League-N Secretary General International Affairs Sheikh Kaiser Mahmood has said that the dictator who abrogated the constitution, derailed democracy and sent national leadership in forced exile,...

Imported cars: hearing of petition against luxury tax adjourned.
November 27, 2008... Byline: RECORDER REPORT The Lahore High Court on Wednesday providing interim relief against the imposition of luxury tax on imported cars, fixed December 12 as further date of hearing on the petition along with a number of similar...

PPP finalises names of expected ministers in Punjab government.
November 27, 2008... Byline: HAMID WALEED Pakistan Peoples Party (PPP) has finalised names of expected ministers for parliamentary committees and standing committees' heads in Punjab government and the selected ones are likely to take oath after Eid-ul-Azha....

PPP starts 'Prayer ceremonies' for Benazir Bhutto.
November 27, 2008... Byline: RECORDER REPORT Pakistan Peoples Party (PPP) has started 'prayer ceremonies' on Wednesday to commemorate martyrdom of Mohtarma Benazir Bhutto. According to the schedule, 'prayer ceremonies' will continue up to December 24,...

Khosa defends creation of commissioner's office.
November 27, 2008... Byline: RECORDER REPORT Punjab Local Government and Community Development Minister, Sardar Dost Mohammad Khosa has said that the office of the divisional commissioner has been created to improve co-ordination between the provincial and...

20 more dengue patients admitted to Lahore hospitals.
November 27, 2008... Byline: RECORDER REPORT Punjab Health Department has said that during the last 24 hours 20 new dengue fever patients had been admitted to different teaching hospitals of Lahore whereas, 24 patients had been discharged and at present 57...

'SKMCH is a role model of philanthropic institution'.
November 27, 2008... Byline: RECORDER REPORT Shaukat Khanum Memorial Cancer Hospital (SKMCH) and Research Centre has become a model institution of Pakistan and to date the hospital continues to treat thousands of poor cancer patients from philanthropic...

International seminar on CSR concludes.
November 27, 2008... Byline: RECORDER REPORT The business community can make tremendous contribution in promoting community well being, especially if innovative Cooperate Social Responsibility (CSR) initiatives are undertaken in partnership with government...

LCCI establishes Lahore Corner.
November 27, 2008... Byline: RECORDER REPORT The Lahore Chamber of Commerce and Industry has established Lahore Corner at its premises, an institutional platform for conducting and promoting systematic research on all problems confronting Lahore. The...

Improvement of education sector top priority: Shahbaz.
November 27, 2008... Byline: RECORDER REPORT Punjab Chief Minister, Mian Muhammad Shahbaz Sharif has said that the aim of progress and prosperity of the nation could not be realised without eliminating illiteracy and ignorance, therefore improvement of...

Overseas Pakistanis problems: special cell set up for resolution: Shahbaz.
November 27, 2008... Byline: RECORDER REPORT Punjab Chief Minister, Shahbaz Sharif has said that a special cell has been established for solution of the problems of overseas Pakistanis. He said this while talking to Qari Shakeel Ahmed, President Pakistan...

Sub Inspector summoned.
November 27, 2008... Byline: RECORDER REPORT Additional District and Sessions Judge Qamar Ijaz on Wednesday summoned Sub Inspector Anwar Ali for November 29 for recording his witness in trial of an accused of raping a seven-year-old orphan girl. Earlier the...

All appointments in consultation with federal, provincial governments: LHC seeks report by January 14.
November 27, 2008... Byline: RECORDER REPORT A full bench of the Lahore High Court (LHC) on Wednesday directed the Inspector General Punjab Police (IGP) to make all appointments in the police department in consultation of the federal and provincial...

Uthal check post: PCG directed to submit proposals to lessen commuters sufferings.
November 27, 2008... Byline: RECORDER REPORT Senate Standing Committee on Interior on Wednesday directed Pakistan Coast Guards (PCG) to submit proposals within a month that how the sufferings of commuters could be lessen at Uthal check post. Chairman of the...

Lobby against Chief Justice criticised.
November 27, 2008... Byline: RECORDER REPORT A lobby, striving for reinstatement of former Chief Justice Iftikhar Muhammad Chaudhry is hatching conspiracies against Chief Justice Abdul Hameed Dogar to defame him, said Nawaz Kharal, President of Federal...