Business Recorder articles from November 2011, page 5

Business Recorder archives from November 2011

Arrears stuck due to litigations: field formations told to impose penalty.
November 27, 2011... Byline: RECORDER REPORT The Federal Board of Revenue has directed the field formations to impose penalty/default surcharge in cases where references have been filed in courts and stay granted in reference applications has exceeded the period...

Number of taxpayers: NTN master index shows difference.
November 27, 2011... Byline: SOHAIL SARFRAZ There is a difference in the number of taxpayers'' data maintained by the Regional Tax Offices (RTOs) and that available with the Pakistan Revenue Automation Limited (PRAL), reflecting discrepancy in actual number of...

Number of taxpayers: NTN master index shows difference.
November 27, 2011... Byline: SOHAIL SARFRAZ There is a difference in the number of taxpayers' data maintained by the Regional Tax Offices (RTOs) and that available with the Pakistan Revenue Automation Limited (PRAL), reflecting discrepancy in actual number of...

Cigarettes added to notified smuggled items list.
November 27, 2011... Byline: RECORDER REPORT The Federal Board of Revenue has expanded the list of notified smuggled items by including all brands of cigarettes in SRO 566(I)/2005, empowering the customs department not to release smuggled cigarettes on payment of...

Modified Lowari tunnel project: Rs 18.132 billion revised cost approved by Ecnec.
November 27, 2011... Byline: MUSHTAQ GHUMMAN Several successive governments have failed to complete the Lowari road tunnel and access roads project despite 126 percent escalation in the cost, from Rs 7.984 billion to Rs 18.132 billion, after passage of three...

Swiss authorities: Prime Minister to prefer resignation to writing letter.
November 27, 2011... Byline: NAVEED BUTT & MUSHTAQ GHUMMAN Prime Minister Syed Yousuf Raza Gilani has assured the party leadership that he will vastly prefer resignation to writing a letter to Swiss authorities for reopening cases against the President, it is...

Without parliament nod: MFN status to India to endanger Pakistan''s economy.
November 27, 2011... Byline: IQBAL MIRZA By giving MFN status to India in haste and without approval of the parliament, the government would endanger Pakistan''s economy, culture and traditions. This was the consensus, which emerged at a seminar on opening trade...

Without parliament nod: MFN status to India to endanger Pakistan's economy.
November 27, 2011... Byline: IQBAL MIRZA By giving MFN status to India in haste and without approval of the parliament, the government would endanger Pakistan's economy, culture and traditions. This was the consensus, which emerged at a seminar on opening trade...

ZAB reference: Zardari urges CJP to expedite hearing.
November 27, 2011... Byline: KHUDAYAR MOHLA & NAVEED BUTT President Asif Ali Zardari has written a letter to the Chief Justice of Pakistan, requesting him to expedite the hearing of presidential reference in Zulfiqar Ali Bhutto case as a larger bench is now...

Foreigners withdraw $3.845 million from equity market.
November 27, 2011... Byline: RECORDER REPORT Foreign investors at the stock market remained net sellers of shares worth $3.845 million during the week ended on November 26, 2011. It was the second consecutive week when the offshore participants opted for selling...

Gas shortfall may cross two billion cubic feet per day mark in winter.
November 27, 2011... Byline: ABDUL RASHEED AZAD The natural gas shortfall is expected to cross two billion cubic feet per day (bcfd) during winter, which surely will force the government to curtail supply to industry and other sectors excluding domestic...

Embassy alerts US citizens.
November 27, 2011... Byline: ALI HUSSAIN The United States Embassy in Islamabad on Saturday alerted Americans in Pakistan to be vigilant in their personal security against possible retaliation in the aftermath of International Security Assistance Force (ISAF)...

Protest lodged.
November 27, 2011... Pakistan's Ambassador to Belgium, European Union and Luxembourg Jalil Abbas Jilani Saturday lodged protest over Nato/ISAF helicopters' attacks on two Pakistan Army border posts in Mohmand Agency. In a letter to Ambassador Claudio Bisogneiro,...

ISPR statement.
November 27, 2011... Byline: RECORDER REPORT In a statement released on Saturday, ISPR said that on the night of 25/26 November Nato helicopters and fighter aircraft carried out unprovoked firing on two Pakistan Army border posts in Mohmand Agency as a result of...

PAKISTAN'S 26/11.
November 27, 2011... Byline: WASIM IQBAL & ZAHEER ABBASI Nato helicopters opened fire on two Pak Army border checkpoints in Mohmand Agency early on Saturday, resulting in martyrdom of 24 soldiers and grievous injuries to 13 others, Pak Army said. Chief of...

Bullion Rates.
November 26, 2011... ================================== In rupees per 10 gram ================================== KARACHI ---------------------------------- Gold Tezabi 24 CT 47742.00 Silver Tezabi 900.00 ================================== Gold and silver rates in...

LME official prices.
November 26, 2011... Byline: RECORDER REPORT =================================================================================================== Aluminium Aluminium Copper Lead Nickel Tin Zinc Nasaac Alloy...

Cotton Spot Rates.
November 26, 2011... Byline: RECORDER REPORT =========================================================================== The KCA Official Spot Rate for Local Dealings in Pak Rupees --------------------------------------------------------------------------- FOR BASE...

Pakistan Mercantile Exchange - PMEX.
November 26, 2011... Byline: RECORDER REPORT ======================================================================================================================== ============= Total Volume - Lots 11,641.00 Total Volume - Rs 3,055,114,046...

Kerb buying and selling rate of US dollar.
November 26, 2011... Byline: RECORDER REPORT ======================== Open Buying Rs 87.75 Open Selling Rs 87.80 ======================== Dollar buying and selling rate in the kerb market in rupees on Friday (November 25, 2011). Copyright 2011 Business Recorder

Dollar's rate in interbank market.
November 26, 2011... Byline: RECORDER REPORT ======================== Buying Rs 87.65 Selling Rs 87.85 ======================== Interbank closing rates for dollar on Friday (November 25, 2011). Copyright 2011 Business Recorder

Shipping Intelligence.
November 26, 2011... Byline: RECORDER REPORT ====================================================================================== Berth Ship Working Agent Berthing No Date ======================================================================================...

THE RUPEE: dollar keeps rising.
November 26, 2011... Byline: RECORDER REPORT The rupee failed to come out of present weakness versus dollar on the currency market on Friday, dealers said. The rupee dropped by 10 paisa in relation to dollar for buying at 87.75 and it also lost 13 paisa for...

Rates of Debt Securities.
November 26, 2011... Byline: RECORDER REPORT ======================================================================================================================== = RATES OF DEBT SECURITIES...

Cross Transactions between Client to Client & Financial Institutions.
November 26, 2011... Byline: RECORDER REPORT ===================================================================== CROSS TRANSACTIONS BETWEEN CLIENT TO CLIENT & FINANCIAL INSTITUTIONS ===================================================================== Member...

Member to Member.
November 26, 2011... Byline: RECORDER REPORT ============================================================================== MEMBERS HAVE SUBSEQUENTLY REPORTED THE FOLLOWING TRANSACTIONS MEMBER TO MEMBER...

Mutual Funds Association of Pakistan.
November 26, 2011... Byline: RECORDER REPORT ======================================================================================================================== ================== Names Asset Manager Category Offer Repurchase Validity of Fund Price Price...

BRIndex30 and BR Sectoral Indices.
November 26, 2011... Byline: RECORDER REPORT =================================== BR INDICASE AT A GLANCE =================================== BRINDEX30 - =================================== Day Close: (-) 8,936.24 High: 9,078.73 Low: 8,918.81 Net Change: (-) 138.64...

BOARD MEETINGS.
November 26, 2011... Byline: RECORDER REPORT ================================================ Name of company Date Time ================================================ Hajra Textile Mills 26.11.2011 11.30 am Hala Enterprises Ltd 28.11.2011 11:30 am The Ittefaq...

Despatch of dividend warrants.
November 26, 2011... Byline: RECORDER REPORT ======================================================================================= Company Year Ended/Ending Dividend/Bonus Dispatched on...

Board Meetings.
November 26, 2011... Byline: RECORDER REPORT ========================================================================================== Company SCHEDULED ON TIME PLACE TO CONSIDER...

Proposed right issues.
November 26, 2011... Byline: RECORDER REPORT ==================================================================== PROPOSED RIGHT ISSUE ==================================================================== Company Rate...

Last date of renunciation/payment.
November 26, 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 26, 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 26, 2011... Byline: RECORDER REPORT ===================== Offer Price 619.70 Bid Price 588.71 ===================== EFU Guarant Growth Fund Rates on Friday (November 25, 2011). Copyright 2011 Business Recorder

EFU Aitemad Growth Fund Rates.
November 26, 2011... Byline: RECORDER REPORT ===================== Offer Price 693.90 Bid Price 659.20 ===================== EFU Aitemad Growth Fund Rates on Friday (November 25, 2011). Copyright 2011 Business Recorder

EFU Capital Growth Fund Rates.
November 26, 2011... Byline: RECORDER REPORT ===================== Offer Price 253.69 Bid Price 241.00 ===================== EFU Capital Growth Fund Rates on Friday (November 25, 2011). Copyright 2011 Business Recorder

EFU Pension Growth Fund Rates.
November 26, 2011... Byline: RECORDER REPORT ===================== Offer Price 167.16 Bid Price 158.80 ===================== EFU Pension Growth Fund Rates on Friday (November 25, 2011). Copyright 2011 Business Recorder

EFU Managed Growth Fund Rates.
November 26, 2011... Byline: RECORDER REPORT ===================== Offer Price 875.22 Bid Price 831.45 ===================== EFU Managed Growth Fund Rates on Friday (November 25, 2011). Copyright 2011 Business Recorder

NJLI YAQEEN GROWTH FUND RATES.
November 26, 2011... Byline: RECORDER REPORT ===================== Offer Price 635.90 Bid Price 604.10 ===================== NJLI Yaqeen Growth Fund Rates on Friday (November 25, 2011). Copyright 2011 Business Recorder

NJLI MEESEQ Fund Rates.
November 26, 2011... Byline: RECORDER REPORT ===================== Offer Price 584.20 Bid Price 554.98 ===================== NJLI Meeseq Fund Rates on Friday (November 25, 2011). Copyright 2011 Business Recorder

NJLI Capital Growth Fund Rates.
November 26, 2011... Byline: RECORDER REPORT ===================== Offer Price 253.87 Bid Price 241.17 ===================== New Jubilee Life Insurance Capital Growth Fund Rates on Friday (November 25, 2011). Copyright 2011 Business Recorder

NJLI Managed Growth Fund Rates.
November 26, 2011... Byline: RECORDER REPORT ===================== Offer Price 616.48 Bid Price 585.65 ===================== New Jubilee Life Insurance Managed Growth Fund Rates on Friday (November 25, 2011). Copyright 2011 Business Recorder

Pakistan Government International Bonds.
November 26, 2011... Byline: RECORDER REPORT ====================================================================== Pakistan Government International Bonds ====================================================================== Bid Offer Bid Offer Mid Mid Maturity...

US treasuries bid yields.
November 26, 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 26, 2011... Byline: RECORDER REPORT ======================================================================================= US TREASURIES (BID PRICES) ======================================================================================= DATE 1 MO 3 MO 6...

Currency values in terms of Special Drawing Rights.
November 26, 2011... Byline: RECORDER REPORT ====================================================================================== November 25, 2011 ====================================================================================== Currency units per SDR SDR...

Open market rates of foreign currencies.
November 26, 2011... Byline: RECORDER REPORT ========================================================================= CURRENCY BUYING SELLING CURRENCY BUYING SELLING ========================================================================= US$ O/M 87.65 87.85 Hong...

London Interbank Offered Rates.
November 26, 2011... Byline: RECORDER REPORT ====================================================== Rates at 11:00 London time Friday (November 25, 2011) ====================================================== USD GBP CAD EUR JPY...

Spot dollar rates.
November 26, 2011... Byline: RECORDER REPORT ======================================= Ex Interbank Rate PKR against USD ======================================= BID OFFER CLOSE ======================================= Ready 87.7600 87.7800 87.7700 1 week 87.9550...

Money Market Report.
November 26, 2011... Byline: RECORDER REPORT Money market report by Khadim Ali Shah Bukhari & Co on Friday (November 25, 2011). ================================================================= Repo Rates (Yield p a)...

Bill buying rates per unit of currency.
November 26, 2011... Byline: RECORDER REPORT ======================================================================== BILL BUYING RATES PER UNIT OF CURRENCY ======================================================================== Bill 30 Days 60 Days 90 Days 120...

Banks' rates for currency notes (buying and selling).
November 26, 2011... Byline: RECORDER REPORT =================================== Selling Buying =================================== US DOLLAR 88.27 86.11 SAUDI RIYAL 23.54 22.96 UK POUND STG 136.51 133.13 JAPANESE YEN 1.1403 1.1122 EURO 117.49 114.57 U.A.E. 24.03...

Interest rates on old and incremental FCY deposits.
November 26, 2011... Byline: RECORDER REPORT ================== Rates % pa ================== USD 0.1000 GBP 0.1000 JPY 0.0000 ================== Interest rates on old and incremental FCY deposits on Friday (November 25, 2011). Copyright 2011 Business Recorder

Interest rates on new foreign currency deposits.
November 26, 2011... Byline: RECORDER REPORT ================================================= INTEREST RATES ON NEW FOREIGN CURRENCY DEPOSITS US DOLLAR ================================================= PERIOD FOR THE MONTH OF NOVEMBER 2011 % PA...

Currency notes: exchange rates.
November 26, 2011... Byline: RECORDER REPORT ============================================= AUTHORISED DEALERS' RATES FOR CURRENCY NOTES ============================================= COUNTRY SELLING BUYING ============================================= USA 88.27...

LIBOR calculating interest on US dollar.
November 26, 2011... Byline: RECORDER REPORT ========================================= BONDS LIBOR VALUE ========================================= 6 MTHS US DOLLAR 0.7189 25-11-2011 ========================================= London Interbank Offer Rates on for...

Conversion for foreign currency deposits.
November 26, 2011... Byline: RECORDER REPORT =============================================== US DOLLAR POUND STERLING EURO JAPANESE YEN =============================================== 87.6404 136.2897 117.3856 1.1357 ===============================================...

Exchange rates: buying and selling.
November 26, 2011... Byline: RECORDER REPORT ========================================= Countries Selling Buying Buying TT&OD TT Clean OD/T.CHQ ========================================= USA 87.40 87.20 86.98 UK 135.16 134.85 134.48 EURO 116.33 116.06 115.73...

Barclays bid rates and maximum rates for payment of interest.
November 26, 2011... Byline: RECORDER REPORT ======================================================== INTEREST PAYABLE ON FE DEPOSITS ======================================================== BBA BID MAXIMUM RATES RATES FOR PAYMENT OF INTEREST BY AUTHORISED DEALERS...

State Bank of Pakistan conversion rates.
November 26, 2011... Byline: RECORDER REPORT ========================== US Dollar 87.6404 Pound Sterling 136.2897 Euro 117.3856 Japanese Yen 1.1357 ========================== Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer...

Aaj TV - Saturday's schedule.
November 26, 2011... Byline: RECORDER REPORT 06:00 News Hour 06:25 Headline News 06:30 News Bulletin 06:55 Headline News 07:00 Aman Barabari Kay Sath 07:25 Headline News 07:30 Aman Barabari Kay Sath 07:55 Headline News 08:00 News Hour 08:25 Headline News 08:30 News...

BRIDGE NOTES: Be at the table.
November 26, 2011... Byline: A.K. BHURGRI There is nothing more satisfying in bridge than to time your play in a manner, which leaves nothing to chance and offers you maximum security in making the hand. Too often players in the heat of the moment lose their...

Cooking with homemade spices.(Recipe)
November 26, 2011... Byline: ZARINA PATEL Home is a Kingdome of every woman and she rules it from the kitchen. No doubt, in today's fast and changing world she has little time to spend hours in kitchens. Further, commercially available spices have made the...

Remembering Karachi's medical practitioners.
November 26, 2011... Byline: DR AMIN A GADIT While the country remained in grip of violence and political turbulence during the early years of previous decade, one vulnerable group of soft targets were the medical doctors who were killed in a large number. These...

ART FACTS: Conceptual figurines in clay.
November 26, 2011... Byline: NADEEM ZUBERI The earliest ceramics known to us are the pottery objects unearthed during excavations of old civilisations buried for thousands of years. The pottery objects show primitive signs of art in the form of various pictures...

KARACHI CHRONICLE: Communication gap.
November 26, 2011... Byline: NARGIS KHANUM Last week a 22 member delegation of Mumbai-based journalists was in Karachi on a trust-building mission. Speaking at a seminar titled "The Role of Saarc in People-to-People Contacts" at the Karachi Press Club, an Indian...

Measuring Performance.
November 26, 2011... Byline: SYED BAKHTIYAR KAZMI 'It is an immutable law in business that words are words, explanations are explanations, promises are promises-but only performance is reality' Harold S. Geneen. It is always wise to limit advice to one's area of...

Spot rate further reduced by Rs 200 to Rs 5,200 on slackening of demand.
November 26, 2011... Byline: RECORDER REPORT Spot rates declined for the fifth day in a row amid cautious buying by the mills and spinners on the cotton market on Friday, dealers said. The Karachi Cotton Association (KCA) continued curtailing official spot rate,...

Activity at Karachi and Qasim ports.
November 26, 2011... Byline: RECORDER REPORT The Karachi Port handled 70,971 tonnes of cargo including 65,618 tonnes of import, 5,353 tonnes of export cargo and 1,611 loaded and empty containers (TEUs) during the last 24 hours of business activities ended at 0700...

Mix trade seen on Jodia Bazaar.
November 26, 2011... Byline: RECORDER REPORT The trading in Kirana items ended mixed on Jodia Bazaar here on Friday. The following changes were observed. KIRANA ITEMS (Per 40 kg): Black pepper Singapore finished down by Rs 500 to Rs 25,000, big cardamom moved...

Rates inert on grain market.
November 26, 2011... Byline: RECORDER REPORT Rates of commodities were unchanged on the wholesale grain and seed market on Friday as almost allthe participants were busy in preparations for Juma prayers, grain and seed merchants group's press release said. ...

Thunder causes panic in Lima, the city where it never rains.
November 26, 2011... Residents of Lima, a city where it virtually never rains, panicked in the face of a couple of thunderclaps amidst a drizzle, Peruvian media reported Friday. The uncharacteristic storm happened late Thursday, and it made residents of northern,...

Ahmadinejad calls on Iranians to stand united against sanctions.
November 26, 2011... Iranian President Mahmoud Ahmadinejad called on his people to not let themselves be intimidated and to remain united against Western sanctions designed to make the country give up its nuclear aspirations, the ISNA news agency reported Friday....

PRI wins international Money Transfer Award 2011.
November 26, 2011... Pakistan Remittance Initiative (PRI) has been awarded the Money Transfer Award 2011 for the category of 'Asia Pacific including South Asia' by the International Association of Money Transfer Networks (IAMTN). This special award recognised the...

Conference on 'financial services and consumers' held.(Conference news)
November 26, 2011... Consumer Association of Pakistan (CAP) has organised a one-day conference over the title of "Financial Services and Consumer" here on Tuesday, where Economic experts demanded government regulatory authorities and financial services provider to...

SU announces exams schedule.
November 26, 2011... Byline: RECORDER REPORT The University of Sindh has announced the schedule of college side Annual examination 2011 here on Friday. According to a notification issued by the Controller of Examinations, college side examination of B.A of...

Man commits suicide.
November 26, 2011... Byline: RECORDER REPORT A young man on Friday committed suicide at his house located in Pak Kausar Town Malir within the limits of Khokhrapar police station. The victim, who was identified as Osama, 25, son of Moiz Uddin and a resident of Pak...

Number of car-lifting incidents growing.
November 26, 2011... Byline: RECORDER REPORT Growing incidents of car-lifting in city has put security agencies on high alert as emergency meeting was called to sketch out plan to burst gangs involved in this business. According to sources, Additional Inspector...

'Mafia' occupies costly railway land in Chaman.
November 26, 2011... Land mafia and influential people have occupied costly land of Pak Railways in Chaman by building houses and godown. According to a private television channel, influential people occupied hundreds of acres of valuable worth billions of rupees...

USAID launches $45 million project in Sindh.
November 26, 2011... US Agency for International Development (USAID) on Friday launched $45 million "Citizens' Voice Project" to enhance citizen engagement in policy advocacy and governance in energy, economic growth, agriculture, education and health sectors....

Qaim reviews work on Thar Coal project.
November 26, 2011... Chief Minister Sindh Syed Qaim Ali Shah held on Friday a joint meeting with Sindh Irrigation Department and delegation of Engro Company engaged in joint venture for power generation at Thar Coal and Energy Project. Qaim said that the Thar Coal...

After tax loss of Honda Atlas Cars declines.
November 26, 2011... Byline: RECORDER REPORT The after tax loss of Honda Atlas Cars (Pakistan) Limited has reduced to Rs 27.135 million in the half year period ended September 30, 2011 as compared to the after tax loss of Rs 156.441 million posted the...

Musharraf witnesses Pakistan-Sri Lanka Twenty20 match.
November 26, 2011... Former President of Pakistan and Chief of All Pakistan Muslim League (APML) Pervez Musharraf witnessed the Pakistan-Sri Lanka T20 match in Abu Dhabi, on Friday. The former President had been specially invited by Shaikh Nahyan Al Mubarak Al...