Business Recorder articles from November 2010, page 7

Business Recorder archives from November 2010

Employees of CID: Punjab government directed to restore special allowance.
November 27, 2010... Byline: RECORDER REPORT The Lahore High Court (LHC) here on Friday directed Punjab government to restore 40 percent special allowance on basic pay of employees of Crime Investigation Department (CID). The court issued this order while...

QAT of schools under EVS to be held on November 30.
November 27, 2010... Byline: RECORDER REPORT The Quality Assurance Test (QAT) of 100 schools partnered with the Punjab Education Foundation (PEF) under Education Voucher Scheme (EVS) in Lahore and Rawalpindi districts will be held on November 30. According to the...

SIC activists' long-march: Punjab government refuses entry into metropolis.
November 27, 2010... Byline: RECORDER REPORT Punjab government has decided not to allow entry in the provincial metropolis to the activists of Sunni Ittehad Council (SIC) during their long march from Islamabad to Lahore on Saturday (today) to avoid any untoward...

Musical instruments industry seeks government support.
November 27, 2010... Byline: RECORDER REPORT Business community engaged with musical instruments industry seeks government's special attention and support for the modernisation and upgradation of the industry and demanded special incentives and concessions for...

Punjab University PSC holds seminar on 'Evolution of Federalism in Pakistan'.
November 27, 2010... Byline: RECORDER REPORT Eminent scholar and Director PSC Karachi University Dr Jaffar Ahmed has said that the increase in the influence of Council of Common Interest would help in the resolution of future controversies among the units of...

Book launch ceremony held.
November 27, 2010... Byline: RECORDER REPORT The country has all the potential and resources to emerge as a stronger global player, economically as well as politically, provided the government tackles the governance issues head-on. This was the upshot of the...

PTI threatens to launch civil disobedience movement.
November 27, 2010... Byline: RECORDER REPORT Pakistan Tahreek-e-Insaf (PTI) Chairman Imran Khan has warned that if the rulers do not pay their taxes before asking the common man for sacrifice, then the PTI will launch civil disobedience movement. He was...

Punjab Science Fair held.
November 27, 2010... Byline: RECORDER REPORT Intel Pakistan held the Punjab Science Fair in the run-up to the Intel International Science and Engineering Fair (Intel (r) ISEF) here on Friday. During the Punjab Science Fair, students from across Punjab presented...

Lack of funds: CDGM stops supply of medicines to all free dispensaries.
November 27, 2010... Byline: RECORDER REPORT The health department of City District Government Multan (CDGM) has stopped supply of medicines to all free dispensaries of the city due to lack of funds, insiders informed on Friday. They also informed that as many as...

Seafood exports increase by 42.17 percent.
November 27, 2010... The exports of fish and fish preparations surged by 42.17 percent during July-October (2010-11) as against the exports of the corresponding period of last year. The seafood exports during the period under review were recorded at US $83.971...

Possibilities being explored to overcome energy crunch: Argentinean envoy informed.
November 27, 2010... Federal Minister for Environment, Hameed Ullah Jan Afridi has said that every possibility is being explored to tackle the energy crunch in the country, besides promoting alternative energy with active participation of the public sector. He...

Kashmir issue needs to be highlighted vigorously, says Fazl.
November 27, 2010... Maulana Fazlur Rehman, Chairman, Parliamentary Committee on Kashmir, has called for fervent and vigorous commitment by all stakeholders to raise the Kashmir issue at the world level. Speaking in a meeting held at Justice Foundation Kashmir...

Government accused of bulldozing Senate proceedings.
November 27, 2010... Byline: RECORDER REPORT Opposition and coalition partners have accused the government of bulldozing the proceedings of the Senate to get approved the controversial Reformed GST Bill, and vowed to vote in the National Assembly against the...

Security steps during Muharram ordered.
November 27, 2010... Regional Police Officer (RPO) Sukkur Syed Zulfiqar Ali Shah has directed the police officers to take extraordinary security steps to combat multifarious threats on the occasion of Muharram-ul-Haram. Chairing a meeting at his office on Friday, he...

PPP, MQM condemn attack on Abidi's guard.
November 27, 2010... The local leadership of PPP has condemned the attack on security guard of PPP leader Senator Faisal Raza Abidi. According to a statement of PPP Sindh Secretariat issued here on Friday, Senator Abidi's guard and his son were attacked in the...

EOBI Chief calls for uplift of living standard of workers.
November 27, 2010... There is a need to uplift the living standard of the workers who are the backbone of the country's economy. This was stated by Zafar Iqbal Gondal, Chairman of the Employees Old-Age Benefits Institution (EOBI). He was speaking at the gathering of...

Despite offering high prices: sugar millers fail to persuade growers.
November 27, 2010... The sugar mills of Peshawar have failed to persuade sugarcane growers for supplying of their crop even at double the price than last year, said Pakistan Sugar Mills Association (PSMA) sources. We have offered purchasing 50 kilogram of sugarcane...

Government believes in women emancipation: Kaira.
November 27, 2010... Federal Minister for Information and Broadcasting, Qamar Zaman Kaira said on Friday that the government of Pakistan Peoples Party (PPP), guided by the vision of its leader Shaheed Mohtarma Benazir Bhutto, has always believed in women's...

ED UNIFEM extends support for economic empowerment of women.
November 27, 2010... Ines Alberdi, Executive Director (ED), United Nations Fund for Women Development (UNIFEM) assured all out support for political and economic empowerment of women in Pakistan. In a meeting with Federal Minister for Women Development, Dr...

Wheat seeds distributed among flood-hit growers.
November 27, 2010... Federal Minister for Food and Agriculture Nazar Muhammad Gondal distributed wheat seed packets among flood-affected farmers here on Friday. Tri-Seed Corporation provided the seeds as gift and organised the distribution ceremony as well. ...

Guard of Faisal Abidi attacked.
November 27, 2010... A guard of leader of Pakistan People's Party (PPP) Senator Faisal Raza Abidi sustained burn injuries in an attack at Sohrab Goth near Al-Asif Square on Friday. His son was also scorched in the attack. Police sources said that the guard and his...

Suicide attack bid foiled, suspects held.
November 27, 2010... Byline: ISHFAQULLAH SHAWL Islamabad Police have saved the federal capital from devastation by foiling a terror bid and arrested two terror suspects and recovered suicide jackets having five kilogram explosive from their possession. Islamabad...

$12.435 million inflow witnessed on KSE.
November 27, 2010... Byline: RECORDER REPORT A healthy inflow of $12.435 million of foreign investors portfolio investment (FIPI) was witnessed at the equity market during the week ended on November 26, 2010. Foreign investors'' interest continued in some select...

$12.435 million inflow witnessed on KSE.
November 27, 2010... Byline: RECORDER REPORT A healthy inflow of $12.435 million of foreign investors portfolio investment (FIPI) was witnessed at the equity market during the week ended on November 26, 2010. Foreign investors' interest continued in some select...

Shahbaz, Naveed discuss gas supply to Punjab.
November 27, 2010... Byline: RECORDER REPORT Punjab Chief Minister, Shahbaz Sharif presided over a meeting on Friday at Chief Minister''s Secretariat to discuss problems in supply of sui gas to Punjab. Minister for Petroleum, Naveed Qamar and office-bearers of...

Journalist Akhtar Adil Razvi dies.
November 27, 2010... Veteran journalist and teacher Akhtar Adil Razvi passed away here on Friday after a protracted illness. He was about 88, family sources said. The late Razvi began his journalistic career in the early 50s with a local English-language daily in...

Equities move both ways on ISE.
November 27, 2010... Byline: RECORDER REPORT Equities moved both ways at the Islamabad Stock Exchange (ISE) where investors adopted a cautious approach under the lead of hot favourite amid increase in index. ISE Ten Index showed an increase of 08.65 points as the...

Mixed sentiments prevail on LSE.
November 27, 2010... Byline: RECORDER REPORT Mixed sentiments prevailed on the Lahore Stock Exchange (LSE) on Friday where equities moved both ways and finally ended in negative zone amid descending transaction volume on account of lacking interest on the part of...

TCP unlikely to open 0.1 million tons of sugar import L/C.
November 27, 2010... Byline: MUSHTAQ GHUMMAN The Trading Corporation of Pakistan (TCP) is unlikely to open letter of credit (L/C) for 100,000 tons of white sugar for which tender had been awarded to a Chinese company Yunnan Coal Chemical Industry Group. ...

Non-payment of over Rs 8.8 billion ST refund: FBR expresses concern.
November 27, 2010... Byline: RECORDER REPORT The Federal Board of Revenue (FBR) has expressed serious concern over non-payment of nearly Rs 8.8 billion sales tax refund to exporters by the special task force of Regional Tax Office (RTO) Karachi. The FBR Domestic...

State Bank raises MCR for MFBs.
November 27, 2010... Byline: RECORDER REPORT Revising the Minimum Capital Requirement (MCR) for microfinance banks (MFBs), the State Bank of Pakistan has allowed the existing MFBs to raise their minimum paid-up capital, in a phased manner, during the next three...

Allotment/transfer of plots within Capital: Tax authorities not empowered to collect FED: Law ministry.
November 27, 2010... Byline: RECORDER REPORT The Ministry of Law and Justice has informed the Federal Board of Revenue that the tax authorities are not legally empowered to collect the Federal Excise Duty (FED) on all allotment and transfer of commercial and...

FBR to amend ST/FED return forms.
November 27, 2010... Byline: RECORDER REPORT The Federal Board of Revenue (FBR) has decided to amend the sales tax and federal excise return forms to bring the unregistered buyers into the tax net. Sources told Business Recorder here on Friday that the Board has...

Discussion on GST Finance Amendment bills: National Assembly body crucial meeting on December 1-3.
November 27, 2010... Byline: NAVEED BUTT A crucial meeting of the National Assembly standing committee on finance will be held on December, 1 in Parliament House to discuss ''Reformed General Sales Tax (GST) Bill, 2010'' and Finance (Amendment) Bill 2010. ...

RGST meant more for documentation: Hafeez.
November 27, 2010... Byline: ZAHEER ABBASI The ''reformed general sales tax'' (RGST) is meant more for documentation of the economy than a measure for revenue generation, said Finance Minister Abdul Hafeez Sheikh on Friday in the Parliament House. The Finance...

FBR introduces taxpayers' ledger application in ITMS.
November 27, 2010... Byline: MUHAMMAD ALI The Federal Board of Revenue (FBR) is all set to enforce Reformed GST by January 1, 2011, as the taxpayers' ledger application has been introduced in Integrated Tax Management System (ITMS), Business Recorder learnt on...

FBR introduces taxpayers'' ledger application in ITMS.
November 27, 2010... Byline: MUHAMMAD ALI The Federal Board of Revenue (FBR) is all set to enforce Reformed GST by January 1, 2011, as the taxpayers'' ledger application has been introduced in Integrated Tax Management System (ITMS), Business Recorder learnt on...

Discussion on GST Finance Amendment bills: National Assembly body crucial meeting on December 1-3.
November 27, 2010... Byline: NAVEED BUTT A crucial meeting of the National Assembly standing committee on finance will be held on December, 1 in Parliament House to discuss 'Reformed General Sales Tax (GST) Bill, 2010' and Finance (Amendment) Bill 2010. ...

Goods of 41 categories to remain exempted.
November 27, 2010... Under the new GST law-yet to be approved by the National Assembly-exemptions have been kept intact in respect of basic food items, including wheat, rice, pulses, vegetables, fruits, live animals, meat and poultry. Edible oil chargeable to...

Senate body proposes major change in Finance Amendment Bill.
November 27, 2010... Byline: RECORDER REPORT The Senate standing committee on finance has proposed a major amendment in the Finance (Amendment) Bill 2010 to restrict the 10 percent income tax surcharge to taxpayers'' having above Rs 500,000 income till June 30,...

Items to lose exemptions.
November 27, 2010... Byline: MUSHTAQ GHUMMAN The Reformed General Sales Tax Bill 2010, as tabled in the Senate, seeks to withdraw exemptions on medicines, agriculture equipment, defence stores, CNG kits, and pesticides. According to documents available with...

Amid Uproar: recommendations on GST, Finance Amendment bills approved by Senate.
November 27, 2010... Byline: ALI HUSSAIN and QAMAR-UZ-ZAMAN Though the Senate on Friday approved recommendations on controversial General Sales Tax Bill 2010 and Finance Amendment Bill 2010the question of numerical strength required for approval remained...

BRIndex30 sheds 20.17 points.
November 27, 2010... Byline: RECORDER REPORT On Friday, the BRIndex30 opened at 8,282.64 points. It touched the intra-day high of 8,316.93 points and low of 8,256.83 points and closed at 8,262.47 points with a net negative change of -20.17 points, or -0.24...

Foreigners resort to selling.
November 27, 2010... Byline: RECORDER REPORT The Karachi share market on Friday opened on a positive note and the KSE-100 index hit 11,195.63 points high level, up 60.29 points. However, selling by foreigners in late hours reduced the early gains and the index...

Mirpur-Khipro blocks: BP plea for two-year extension rejected.
November 27, 2010... Byline: RECORDER REPORT The government has outrightly turned down British Petroleum (BP) request for granting two-year extension for Mirpur Khas and Khipro (KKK) blocks, assuming that the request was a deliberate attempt of the company to...

Plant, machinery for EPZs, E&P companies: FBR to abolish ST zero-rating on supplies.
November 27, 2010... Byline: MUSHTAQ GHUMMAN & SOHAIL SARFRAZ The Federal Board of Revenue (FBR) will abolish sales tax zero-rating facility on the supplies of locally manufactured plant and machinery to the Export Processing Zones (EPZs) and petroleum and...

LME official plastics prices.
November 27, 2010... Byline: RECORDER REPORT ========================================================================================== PP PA PE PN North LL LA LE LN North Global Asia Europe America Global Asia Europe...

LME official prices.
November 26, 2010... Byline: RECORDER REPORT =================================================================================================== Aluminium Aluminium Copper Lead Nickel Tin Zinc...

Poultry Rates.
November 26, 2010... Byline: RECORDER REPORT Wholesale poultry rates on Thursday (November 25, 2010) and for Friday (November 26, 2010) Eggs: Rs. 2370/2375 per 30 dozen; Broiler Birds (live): Rs 120 per kilogram; Cull Birds (live): Rs. 98 per kilo. RATES...

Cotton Spot Rates.
November 26, 2010... Byline: RECORDER REPORT =========================================================================== The KCA Official Spot Rate for Local Dealings in Pak Rupees --------------------------------------------------------------------------- FOR...

Bullion Rates.
November 26, 2010... ================================== In rupees per 10 gram ================================== KARACHI ---------------------------------- Gold Tezabi 24 CT 37757.00 Silver Tezabi 720.10 ---------------------------------- MULTAN...

National Commodity Exchange Trading Summary.
November 26, 2010... Byline: RECORDER REPORT ======================================================================================================================== ======================= Date Commodity Contract Price Open High Low Close Traded Previous...

Lahore Paper Market Rates.
November 26, 2010... Byline: RECORDER REPORT ======================================== OFFSET PAPER (PER LB) ======================================== Indonesia ---------------------------------------- 23x36 75 57.00 27x34 75 57.00 25.5x36 75 57.00 30x40 75...

Lahore Grain Market Rates.
November 26, 2010... Byline: RECORDER REPORT ===================================== Per 100 kg ===================================== Sugar 6900/- Gur 7000/7500 Shakar 8000/8500 Ghee (16 kg) 2260/2450 Almond (Kaghzi) 37000/55000 Almond (Simple)...

Kerb buying and selling rate of US dollar.
November 26, 2010... Byline: RECORDER REPORT ========================= Open Buying Rs.85.30 Open Selling Rs.85.45 ========================= Dollar buying and selling rate in the kerb market in rupees on Thursday (November 25, 2010). Copyright 2010...

Dollar's rate in interbank market.
November 26, 2010... Byline: RECORDER REPORT ========================= Buying Rs.85.52 Selling Rs.85.58 ========================= Interbank closing rates for dollar on Thursday (November 25, 2010). Copyright 2010 Business Recorder

Shipping Intelligence.
November 26, 2010... Byline: RECORDER REPORT ================================================================================ VESSELS ON BERTH ================================================================================ Berth Ship Working Agent...

THE RUPEE: all-round decline.
November 26, 2010... Byline: RECORDER REPORT Bearish sentiment was seen on the currency market on Thursday in process of trading, dealers said. The rupee lost seven paisa against dollar at 85.52 for buying and shed eight paisa for selling at 85.58, they said....

Cotton: AZGARD NINE LIMITED - Analysis of Financial Statements Financial Year 2003 - 1 H 2010.
November 26, 2010... Pakistan being the fourth largest cotton producing country in the world, its textile industry receives great importance locally as well as globally. The industry plays a pivotal role in the national economy, contributing 60% to the total...

Revised Rates of Debt Securities.
November 26, 2010... Byline: RECORDER REPORT ============================================================================================================== RATES OF DEBT...

Cross Transactions between Client to Client & Financial Institutions.
November 26, 2010... Byline: RECORDER REPORT ==================================================================== CROSS TRANSACTIONS BETWEEN CLIENT TO CLIENT & FINANCIAL...

Member to Member.
November 26, 2010... Byline: RECORDER REPORT ============================================================================== MEMBERS HAVE SUBSEQUENTLY REPORTED THE FOLLOWING TRANSACTIONS MEMBER TO...

Mutual Funds Association of Pakistan.
November 26, 2010... Byline: RECORDER REPORT ======================================================================================================================== =========================== Funds Name Asset Manager Category Offer Repurchase Validity Price...

BRIndex30 and BR Sectoral Indices.
November 26, 2010... Byline: RECORDER REPORT =================================== BR INDICASE AT A GLANCE =================================== BRINDEX30 - =================================== Day Close (-) 8,282.64 High: 8,360.08 Low: 8,269.30 Net Change:...

Provisionally listed companies.
November 26, 2010... Byline: RECORDER REPORT ==================================================== Company Trading commenced from ==================================================== - - ==================================================== Provisional...

Last date of renunciation/payment.
November 26, 2010... Byline: RECORDER REPORT ======================================================================================== COMPANY Trading in L/Right Last Date for Last Date of Spot From Premium w.e.f. Payment/Ren....

BOARD MEETINGS.
November 26, 2010... Byline: RECORDER REPORT ======================================================= Name of company Date Time ======================================================= Exide Pakistan 27.11.2010 03.00 pm ICC Textiles 27.11.2010 11.00 am ICC...

Proposed right issues.
November 26, 2010... Byline: RECORDER REPORT ==================================================================== PROPOSED RIGHT ISSUE ==================================================================== Company...

Clearing Schedule for T+2 System.
November 26, 2010... Byline: RECORDER REPORT ================================================================ CLEARING SCHEDULE FOR T+2 SYSTEM FOR THE MONTH OF NOVEMBER AND DECEMBER...

EFU GUARANT GROWTH FUND Rates.
November 26, 2010... Byline: RECORDER REPORT ===================== Offer Price 556.51 Bid Price 528.68 ===================== EFU Guarant Growth Fund Rates on Thursday (November 25, 2010). Copyright 2010 Business Recorder

EFU Aitemad Growth Fund Rates.
November 26, 2010... Byline: RECORDER REPORT ===================== Offer Price 622.06 Bid Price 590.95 ===================== EFU Aitemad Growth Fund Rates on Thursday (November 25, 2010). Copyright 2010 Business Recorder

EFU Capital Growth Fund Rates.
November 26, 2010... Byline: RECORDER REPORT ===================== Offer Price 224.75 Bid Price 213.51 ===================== EFU Capital Growth Fund Rates on Thursday (November 25, 2010). Copyright 2010 Business Recorder

EFU Pension Growth Fund Rates.
November 26, 2010... Byline: RECORDER REPORT ===================== Offer Price 147.76 Bid Price 140.37 ===================== EFU Pension Growth Fund Rates on Thursday (November 25, 2010). Copyright 2010 Business Recorder

EFU Managed Growth Fund Rates.
November 26, 2010... Byline: RECORDER REPORT ===================== Offer Price 769.49 Bid Price 730.96 ===================== EFU Managed Growth Fund Rates on Thursday (November 25, 2010). Copyright 2010 Business Recorder

NJLI YAQEEN GROWTH FUND RATES.
November 26, 2010... Byline: RECORDER REPORT ===================== Offer Price 572.52 Bid Price 543.88 ===================== NJLI Yaqeen Growth Fund Rates on Thursday (November 25, 2010). Copyright 2010 Business Recorder

NJLI MEESEQ Fund Rates.
November 26, 2010... Byline: RECORDER REPORT ===================== Offer Price 530.92 Bid Price 504.37 ===================== NJLI Meeseq Fund Rates on Thursday (November 25, 2010). Copyright 2010 Business Recorder

NJLI Managed Growth Fund Rates.
November 26, 2010... Byline: RECORDER REPORT ===================== Offer Price 541.26 Bid Price 514.19 ===================== New Jubilee Life Insurance Managed Growth Fund Rates on Thursday (November 25, 2010). Copyright 2010 Business Recorder

NJLI Sarmaya Growth Fund Rates.
November 26, 2010... Byline: RECORDER REPORT ===================== Offer Price 257.97 Bid Price 245.04 ===================== New Jubilee Life Insurance Sarmaya Growth Fund Rates on Thursday (November 25, 2010). Copyright 2010 Business Recorder

Pakistan Government International Bonds.
November 26, 2010... Byline: RECORDER REPORT ====================================================================== Pakistan Government International Bonds ====================================================================== Bid Offer Bid Offer Mid...

US treasuries bid yields.
November 26, 2010... Byline: RECORDER REPORT ============================================================================ US TREASURIES (BID YIELDS) ============================================================================ DATE 1 MO 3 MO 6 MO 2 YR 3 YR 5 YR...

US treasuries bid prices.
November 26, 2010... Byline: RECORDER REPORT ======================================================================================= US TREASURIES (BID PRICES) ======================================================================================= DATE 1 MO 3...

Currency values in terms of Special Drawing Rights.
November 26, 2010... Byline: RECORDER REPORT ====================================================================================== November 25, 2010 ====================================================================================== Currency units per SDR...

Open market rates of foreign currencies.
November 26, 2010... Byline: RECORDER REPORT ========================================================================= CURRENCY BUYING SELLING CURRENCY BUYING SELLING ========================================================================= US$ O/M 85.30 85.45...

Spot dollar rates.
November 26, 2010... Byline: RECORDER REPORT ======================================= Ex Interbank Rate PKR against USD ======================================= BID OFFER CLOSE ======================================= Ready 85.5400 85.5600 85.5500 1 week...