Business Recorder articles from November 2011, page 2

Business Recorder archives from November 2011

Proposed right issues.
November 29, 2011... Byline: RECORDER REPORT ======================================= PROPOSED RIGHT ISSUE ======================================= Company Rate ======================================= United Brands 800% Shaheen Insurance Company 20%...

Provisionally listed companies.
November 29, 2011... Byline: RECORDER REPORT ==================================================== Company Trading commenced from ==================================================== - - ==================================================== Provisional companies...

Last date of renunciation/payment.
November 29, 2011... Byline: RECORDER REPORT ======================================================================================== COMPANY Trading in L/Right Last Date for Last Date of Spot From Premium w.e.f. Payment/Ren. Trading...

Clearing Schedule for T+2 System.
November 29, 2011... Byline: RECORDER REPORT ================================================================ CLEARING SCHEDULE FOR T+2 SYSTEM FOR THE MONTH OF NOVEMBER AND DECEMBER 2011 ================================================================ TRANSACTION...

EFU GUARANT GROWTH FUND Rates.
November 29, 2011... Byline: RECORDER REPORT ===================== Offer Price 620.06 Bid Price 589.05 ===================== EFU Guarant Growth Fund Rates on Monday (November 28, 2011). Copyright 2011 Business Recorder

EFU Aitemad Growth Fund Rates.
November 29, 2011... Byline: RECORDER REPORT ===================== Offer Price 692.91 Bid Price 658.26 ===================== EFU Aitemad Growth Fund Rates on Monday (November 28, 2011). Copyright 2011 Business Recorder

EFU Pension Growth Fund Rates.
November 29, 2011... Byline: RECORDER REPORT ===================== Offer Price 166.48 Bid Price 158.15 ===================== EFU Pension Growth Fund Rates on Monday (November 28, 2011). Copyright 2011 Business Recorder

EFU Capital Growth Fund Rates.
November 29, 2011... Byline: RECORDER REPORT ===================== Offer Price 253.53 Bid Price 240.85 ===================== EFU Capital Growth Fund Rates on Monday (November 28, 2011). Copyright 2011 Business Recorder

EFU Managed Growth Fund Rates.
November 29, 2011... Byline: RECORDER REPORT ===================== Offer Price 873.04 Bid Price 829.38 ===================== EFU Managed Growth Fund Rates on Monday (November 28, 2011). Copyright 2011 Business Recorder

NJLI YAQEEN GROWTH FUND RATES.
November 29, 2011... Byline: RECORDER REPORT ===================== Offer Price 636.38 Bid Price 604.55 ===================== NJLI Yaqeen Growth Fund Rates on Monday (November 28, 2011). Copyright 2011 Business Recorder

NJLI MEESEQ Fund Rates.
November 29, 2011... Byline: RECORDER REPORT ===================== Offer Price 584.30 Bid Price 555.07 ===================== NJLI Meeseq Fund Rates on Monday (November 28, 2011). Copyright 2011 Business Recorder

NJLI Sarmaya Growth Fund Rates.
November 29, 2011... Byline: RECORDER REPORT ===================== Offer Price 251.96 Bid Price 239.35 ===================== New Jubilee Life Insurance Sarmaya Growth Fund Rates on Monday (November 28, 2011). Copyright 2011 Business Recorder

NJLI Managed Growth Fund Rates.
November 29, 2011... Byline: RECORDER REPORT ===================== Offer Price 615.40 Bid Price 584.62 ===================== New Jubilee Life Insurance Managed Growth Fund Rates on Monday (November 28, 2011). Copyright 2011 Business Recorder

World currencies and euro.
November 29, 2011... Byline: RECORDER REPORT ======================================================== COUNTRY CURRENCY VALUE OF EURO ======================================================== Afghanistan (Afghani) 58.6087 Albania (Lek) 140.538 Algeria (Dinar) 100.323...

Pakistan Government International Bonds.
November 29, 2011... Byline: RECORDER REPORT ====================================================================== Pakistan Government International Bonds ====================================================================== Bid Offer Bid Offer Mid Mid Maturity...

US treasuries bid yields.
November 29, 2011... Byline: RECORDER REPORT =========================================================================== US TREASURIES (BID YIELDS) =========================================================================== DATE 1 MO 3 MO 6 MO 1 YR 2 YR 3 YR 5 YR 7...

US treasuries bid prices.
November 29, 2011... Byline: RECORDER REPORT ======================================================================================= US TREASURIES (BID PRICES) ======================================================================================= DATE 1 MO 3 MO 6...

London Interbank Offered Rates.
November 29, 2011... Byline: RECORDER REPORT ====================================================== Rates at 11:00 London time Monday (November 28, 2011) ====================================================== USD GBP CAD EUR JPY...

Open market rates of foreign currencies.
November 29, 2011... Byline: RECORDER REPORT ========================================================================= CURRENCY BUYING SELLING CURRENCY BUYING SELLING ========================================================================= US$ O/M 88.15 88.35 Hong...

Spot dollar rates.
November 29, 2011... Byline: RECORDER REPORT ======================================= Ex Interbank Rate PKR against USD ======================================= BID OFFER CLOSE ======================================= Ready 88.0200 88.0400 88.0300 1 week 88.2600...

Money Market Report.
November 29, 2011... Byline: RECORDER REPORT Money market report by Khadim Ali Shah Bukhari & Co on Monday (November 28, 2011). ================================================================= Repo Rates (Yield p a)...

Banks' rates for currency notes (buying and selling).
November 29, 2011... Byline: RECORDER REPORT =================================== Selling Buying =================================== US DOLLAR 88.58 86.40 SAUDI RIYAL 23.62 23.04 UK POUND STG 137.25 133.86 JAPANESE YEN 1.1408 1.1127 EURO 117.64 114.72 U.A.E 24.12...

Bill buying rates per unit of currency.
November 29, 2011... Byline: RECORDER REPORT ======================================================================== BILL BUYING RATES PER UNIT OF CURRENCY ======================================================================== Bill 30 Days 60 Days 90 Days 120...

LIBOR calculating interest on US dollar.
November 29, 2011... Byline: RECORDER REPORT ========================================= BONDS LIBOR VALUE ========================================= 6 MTHS US DOLLAR 0.7261 28-11-2011 ========================================= London Interbank Offer Rates on for...

Interest rates on old and incremental FCY deposits.
November 29, 2011... Byline: RECORDER REPORT ================== Rates % pa ================== USD 0.1000 GBP 0.1000 JPY 0.0000 ================== Interest rates on old and incremental FCY deposits on Monday (November 28, 2011). Copyright 2011 Business Recorder

Interest rates on new foreign currency deposits.
November 29, 2011... Byline: RECORDER REPORT ================================================= INTEREST RATES ON NEW FOREIGN CURRENCY DEPOSITS US DOLLAR ================================================= PERIOD FOR THE MONTH OF NOVEMBER 2011 % PA...

Conversion for foreign currency deposits.
November 29, 2011... Byline: RECORDER REPORT =============================================== US DOLLAR POUND STERLING EURO JAPANESE YEN =============================================== 87.7640 135.5251 116.4277 1.1335 ===============================================...

Currency notes: exchange rates.
November 29, 2011... Byline: RECORDER REPORT ============================================= AUTHORISED DEALERS' RATES FOR CURRENCY NOTES ============================================= COUNTRY SELLING BUYING ============================================= USA 88.58...

Exchange rates: buying and selling.
November 29, 2011... Byline: RECORDER REPORT ========================================= Countries Selling Buying Buying TT&OD TT Clean OD/T.CHQ ========================================= USA 87.70 87.50 87.28 UK 135.90 135.59 135.21 EURO 116.47 116.21 115.88...

Barclays bid rates and maximum rates for payment of interest.
November 29, 2011... Byline: RECORDER REPORT ======================================================== INTEREST PAYABLE ON FE DEPOSITS ======================================================== BBA BID MAXIMUM RATES RATES FOR PAYMENT OF INTEREST BY AUTHORISED DEALERS...

Lubricants in Pakistan.
November 29, 2011... Pakistan is a very lucrative and vibrant market for lubricant producers as the consumption patterns have been on a steady high in the recent past - especially because of the ever growing number of vehicles and the massive demand of power...

Aaj TV - Tuesday's schedule.
November 29, 2011... Byline: RECORDER REPORT 06:00 News Hour 06:25 Headline News 06:30 News Bulletin 06:55 Headline News 07:00 Bolta Pakistan 07:25 Headline News 07:30 Bolta Pakistan 07:55 Headline News 08:00 News Hour 08:25 Headline News 08:30 Aaj Market Morning...

State Bank of Pakistan conversion rates.
November 29, 2011... Byline: RECORDER REPORT ========================== US Dollar 87.7640 Pound Sterling 135.5251 Euro 116.4277 Japanese Yen 1.1335 ========================== Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer...

Role of engine oil in improving fuel economy.
November 29, 2011... Our motor oil market continues to undergo a period of dramatic change as the result of three factors: changing emissions ratio, increased fuel economy requirements and the need to maintain durability under severe operating conditions. This has...

Chevron Pakistan: Committed to improving its products and services.
November 29, 2011... Chevron Pakistan Limited is a part of Chevron Corporation, a leader in the global integrated energy business. Chevron is one of the largest integrated energy companies in the world. Headquartered in San Ramon California and conducting business...

'Valvoline Lubricant - Ensuring durability of engine and minimising maintenance expenses'.
November 29, 2011... Q. Please tell us something about the history of Valvoline lubricant and its business in Pakistan? Ans: Valvoline, a subsidiary of Ashland group, USA, one of 500 fortune groups, has been developing and marketing high performance engine oils...

Oil cake market rates.
November 29, 2011... Byline: RECORDER REPORT The December vaida was up and the January contract was unchanged on the forward cottonseed oilcake market on Saturday in process of trading, dealers said. The December contract ended at Rs 1307.50 and opened with a...

Some changes seen in thin trade on grain market.
November 29, 2011... Byline: RECORDER REPORT Some changes were seen on the wholesale grain market on Monday in the absence of major buyers, dealers said. On the cereal side barley Sindh and Mardan were quoted at Rs 3250-3300, wheat old and new Bardan were...

Stable trend on cotton market amid slow business.
November 29, 2011... Byline: RECORDER REPORT Prices showed firmness on the cotton market on Monday amid sluggish business in the absence of leading factor, dealers said. The Karachi Cotton Association (KCA) official spot rate was unchanged at Rs 5,200, they said....

Activity at Karachi and Qasim ports.
November 29, 2011... Byline: RECORDER REPORT The Karachi Port handled 153,822 tonnes of cargo including 74,952 tonnes of import; 78,870 tonnes of export cargo and 5,886 loaded and empty containers (TEUs) during the last 48 hours of business activities ended at...

Women Hockey Championship from December 9.
November 29, 2011... Byline: RECORDER REPORT National Women Hockey Championship will be played from December 9 here at National Hockey Stadium. Pakistan Hockey Federation (PHF) has appointed technical officials for the smooth conduct of the event. Parveen...

Board meeting of PCB today.
November 29, 2011... The Governing Board of Pakistan Cricket Board will meet here on Tuesday to discuss important cricket matters. It will be the first meeting of the Board to be presided over by the newly appointed Chairman of the PCB, Chaudhry Zaka Asrhaf....

Pakistan a safe country for staging cricket: Indian captain.
November 29, 2011... The Indian blind cricket team captain, Shekher Naik has described Pakistan as a safe country for staging international cricket ties and urged the cricket boards across the world to send their teams to visit Pakistan. "If we (Indian blind cricket...

Asif Toba suffers defeat in IBSF World Snooker opener.
November 29, 2011... Pakistan got off to a disappointing start on the opening day of IBSF World Snooker Championship in Bangalore (India) on Monday when debutant Muhammad Asif Toba went down to Rais Khan Sen Zhai of Afghanistan, according to an e-mail message...

Indian lawmaker granted bail in telecoms scandal case.
November 29, 2011... An Indian lawmaker arrested in connection with the country's biggest corruption scandal was granted bail by a court in New Delhi on Monday. K. Kanimozhi has been charged with accepting bribes in the 2008 sale of telecommunications spectrum...

Nato missile shield threatens Afghanistan cooperation: Kremlin.
November 29, 2011... Russia may stop co-operating with Nato over Afghanistan if the alliance continues with a planned European missile shield, a senior Kremlin official said on Monday. "If our (Nato) partners do not react to our concerns on missile defence we will...

15 killed in India bus collision.
November 29, 2011... At least 15 people were killed Monday when two buses collided in India's western state of Maharashtra, police said. Fifty-four passengers were injured in the accident in the Buldhana district, 250 kilometres east of state capital Mumbai. "The...

SECP facilitates companies in filing statutory returns.
November 29, 2011... In order to facilitate the filing of annual statutory returns and accounts, the Company Registration Offices (CROs) of the Securities and Exchange Commission of Pakistan (SECP) is extending facilitation in collection of annual returns and...

Nato attack: Asfandyar demands strict reaction.
November 29, 2011... Central President of Awami National Party (ANP), Asfandyar Wali Khan, while expressing strongest condemnation over barbaric aggression by Nato forces in Mohmand agency, demanded of the government to go beyond condemnation and take strong action...

Power bills: backdate recoveries of FAS erodes textile industry viability.
November 29, 2011... Byline: HAMID WALEED Backdate recoveries of Fuel Adjustment Surcharge (FAS) on electricity bills has eroded the viability of export-oriented textile industry, as recovery of cost against the FAS on past and closed transactions is impossible....

Certificate of Origin a must: FBR decides to allow imports of tinplates.
November 29, 2011... Byline: SOHAIL SARFRAZ On the recommendations of the National Tariff Commission (NTC), the Federal Board of Revenue has decided to allow all imports of tinplates only after production of the Certificate of Origin from South Africa and United...

Religious scholars stress for adopting philosophy, footsteps of Imam Hussain (RA).
November 29, 2011... Byline: RECORDER REPORT Religious scholars from different schools of thought and sects at "Peace Conference" have stressed the need for adopting philosophy and footsteps of Hazrat Imam Hussein (RA) for establishment of durable peace and...

Jamaat-i-Islami secretary general returns from Sudan.
November 29, 2011... Byline: RECORDER REPORT Secretary General Jamaat-e-Islami Liaqat Baloch on Monday got back from Sudan after attending the general conference of Sudan's ruling National Congress party in Khartoum. During his weeklong visit, he called on...

PZCP approves first half-yearly budget 2011-12.
November 29, 2011... Byline: RECORDER REPORT Provincial Zakat Council Punjab (PZCP) has approved its first half yearly budget 2011-12, under which Rs 877.992 million will be released for educational scholarships, health and marriage grant, technical education and...

Lotte Pakistan.
November 29, 2011... Lotte Pakistan PTA is one of the most traded scrips on the Karachi Stock Exchange with trade volumes hovering near the top 3-5 most traded scrips. The Company is a world-class supplier of Purified Terephthalic Acid (PTA), an essential raw...

PIAF for 200 bps cut in policy rate.
November 29, 2011... Byline: RECORDER REPORT Pakistan Industrial and Trader Associations Front (PIAF) on Monday called for 200 basis points (BPS) cut in policy rate likely to be announced on Wednesday (tomorrow). Addressing the PIAF Parliamentary Committee, here...

London Metropolitan University official visits UAF.
November 29, 2011... Byline: RECORDER REPORT London Metropolitan University representative Seema Khan visited the University of Agriculture Faisalabad on Monday and briefed the students about the scholarships, student visas, working and other requirement for...

Nisar's resignation termed no trust on assemblies.
November 29, 2011... Byline: RECORDER REPORT Terming the resignation of opposition leader in the National Assembly from the office of Chairman Public Accounts Committee as 'no confidence on present assemblies,' acting speaker Punjab Assembly, Rana Mashhood Ahmed...

Vice chancellor PU condemns air strikes.
November 29, 2011... Byline: RECORDER REPORT Vice Chancellor Punjab University Professor Dr Mujahid Kamran on Monday strongly condemned Nato aerial strikes on Pakistan's check posts in Mohmand Agency. He was addressing a special meeting of Deans, Heads of...

Locally produced raw material: PTEA demands removal of protective and customs duties.
November 29, 2011... Byline: RECORDER REPORT Nearly 8 percent customs duty and protective duty on locally produced raw material used in exportable textiles and denial of duty drawback on filament yarn are negatively impacting the exports of textiles from the...

Nato air strike: lawyers boycott courts.
November 29, 2011... Byline: RECORDER REPORT The lawyers' fraternity on Monday demanded of the government to stop fuel supply to Nato in Afghanistan on a permanent basis and get Shamsi airbase vacated from the US troops. On the call of Pakistan Bar Council and...

JKPFL chairman flays Nato's invasion.
November 29, 2011... The Chairman of Jammu and Kashmir Peoples Freedom League (JKPFL), Muhammad Farooq Rehmani has strongly condemned Nato and ISAF invasion and aerial bombardment on Pakistani posts in Mohmand Agency and paid glowing tributes to the martyrs who...

Lawyers hold rally against Nato strikes.
November 29, 2011... Byline: RECORDER REPORT Scores of lawyers of Lahore High Court Bar Association (LHCBA) and Supreme Court Bar Association on Monday held a protest rally against Nato's attack on check posts in Mohmand Agency. The lawyers were chanting slogans...

PML-Q holds rally against Nato strikes.
November 29, 2011... Byline: AMJAD ALI SHAH Activists of Pakistan Muslim League-Q Monday staged a protest demonstration on Sher Shah Suri road near Peshawar Press Club to condemn the Nato aircraft attack on military check posts in Mohmand Agency, demanding for...

LCCI condemns Nato's aggression.
November 29, 2011... Byline: RECORDER REPORT President Lahore Chamber of Commerce and Industry, Irfan Qaiser Sheikh, Senior Vice President Kashif Younis Meher and Vice President Saeed Nazar on Monday had a meeting with Chairman of Joint Chiefs of Staff Committee...

Business community condemns Nato attack.
November 29, 2011... Federation of Pakistan Chamber of Commerce and Industry (FPCCI), its affiliated chambers and associations have strongly condemned the Nato forces attack on Pak check post in tribal areas and expressed complete solidarity with Pakistan armed...

KESC to participate in 'UAE Expo-2011'.
November 29, 2011... Byline: IQBAL MIRZA The Karachi Electric Supply Company Ltd, being part of UAE-based Abraaj group, will participate in 'Magnificent 7 UAE Expo - 2011', being held in Karachi Expo Centre here from November 30 to December 2. According to a...

Huntsman TE opens first Formulation & Distribution Centre.
November 29, 2011... Huntsman Textile Effects (TE) officially opened its first new Formulation and Distribution Centre (FDC) here on Sunday in Karachi. This centre will be Huntsman TE's 13th FDC world-wide. The 4,000 square meters boasts state-of-the-art equipment...

NBP network goes online in Gilgit Baltistan.
November 29, 2011... National Bank of Pakistan (NBP) has made its entire branch network online in Gilgit Baltistan. This is in line with NBP's strategy to make majority of its branches online by the end of this year for which work is going on at fast pace. It is...

Two killed as dumper hits motorcycle.
November 29, 2011... Two persons were killed while one seriously injured in a road accident late Sunday night, as a dumper hit a motorbike on Jamshoro road in the limits of Bhitai Nagar police station. The police identified the deceased as Farooq Feroze, 16, and...

Numaish firing: LEAs detain over 100 in crackdown, recover arms.
November 29, 2011... Byline: RECORDER REPORT Following the sectarian violence, the Law Enforcement Agencies (LEAs) on Monday initiated crackdown in several parts of the city and detained over 100 suspects with weapons. According to sources, the LEAs conducted...

Conferment of Nishan-i-Imtiaz on Sandhila approved.
November 29, 2011... President Asif Ali Zardari on Monday, on the advice of the Prime Minister, approved the conferment of Nishan-i-Imtiaz (Military) on Admiral M Asif Sandhila, Chief of the Naval Staff. The award of Nishan-i-Imtiaz (Military) is conferrable upon...

Altaf telephones Zardari.
November 29, 2011... Muttahida Qaumi Movement (MQM) chief Altaf Hussain telephoned President Asif Zardari on Monday. According to a statement issued by MQM here on Monday, important national issues and the overall situation of the country came under discussion...

Profit after tax of Atlas Honda increases.
November 29, 2011... Byline: RECORDER REPORT The profit after tax of Atlas Honda Limited has increased to Rs 577.764 million in the half year period ended September 30, 2011 as compared to Rs 431.508 million in the corresponding period in 2010. The board of...

SRB issues more amendments to ST on services rules.
November 29, 2011... Byline: YASIR BABBAR A notification issued a few days back said that "Sindh Revenue Board (SRB) is pleased to announce further amendments made in Sindh Sales Tax on Services Rules 2011, that in said Rules in rule 2, in sub-rule (1), after...

SAI faces the worst law and order situation.
November 29, 2011... Byline: RECORDER REPORT Site Association of Industry, the oldest, biggest and prime industrial estate of Sindh is faced with an appalling deterioration in the law and order situation in the area. Senior Vice-Chairman, Site Association of...

PTI a good third option: Aitzaz.
November 29, 2011... Byline: RECORDER REPORT A senior Advocate of Supreme Court and leader of Pakistan People's Party, Aitzaz Ahsan, on Monday termed Pakistan Tehreek-e-Insaf as "a good third political option" which would support the will of voters in the...

More trauma centres to be set up on motorways, highways.
November 29, 2011... Byline: RECORDER REPORT Minister for Communications Dr Arbab Alamgir Khan has said that motorway police will be equipped with all modern facilities, besides constructing more trauma centres on all motorways and highways. While addressing the...

Supreme Court declares proposed closure of BECS project as unlawful.
November 29, 2011... Byline: KHUDAYAR MOHLA While announcing a reserved judgement on Monday the Supreme Court (SC) observed that provision of education to children from the age of 5 to 16 years was mandatory under Article 25A of the Constitution of Pakistan. ...

Imran slams rulers on Nato strike.
November 29, 2011... Pakistan is facing challenges and threats because it is being ruled by 'NRO beneficiaries'. Zardari has not so far issued any statement on the tragic loss of army officers and Jawans because all his assets are abroad, alleged Tehreek Insaf Chief...

Prime Minister orders free medical treatment for blind girl.
November 29, 2011... Taking notice of media reports about a visually impaired poor girl Shakeela from Peshawar, Prime Minister Syed Yousuf Raza Gilani has ordered free medical treatment for the girl. The Prime Minister in this respect has directed Managing Director...

Farzana meets Gilani.
November 29, 2011... Federal Minister and Chairperson Benazir Income Support Programme (BISP), Farzana Raja called on Prime Minister Syed Yousuf Raza Gilani here on Monday and briefed him on Waseela-e-Taleem, Waseela-e-Rozgar and Life Insurance initiatives of BISP....

Goods worth millions of rupees gutted in factory fire.
November 29, 2011... Byline: RECORDER REPORT A fire, which broke out on Monday in a plastic factory, located in the jurisdiction of New Karachi Industrial Area police, turned into ashes commodities worth millions of rupees. "At around 2 pm, we were informed by a...

Hafeez lauds UK support in social sector areas.
November 29, 2011... Finance Minister Dr Abdul Hafeez Shaikh in a meeting here on Monday discussed various dimensions of Pak-UK development co-operation with Francis Campbell, UK Deputy High Commissioner, and Director, UK Trade & Investment, Zaffar Chida, Chief...