Business Recorder articles from October 2008

Business Recorder archives from October 2008

The Weather.
October 31, 2008... Byline: RECORDER REPORT The weather report on Thursday (October 30, 2008)and the forecast for Friday (October 31, 2008). ============================================== Cities Max Min Humidity Rain...

Bullion Rates.
October 31, 2008... Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (October 30, 2008). ================================== In rupees per 10 gram ================================== KARACHI...

LME official prices.
October 31, 2008... Byline: RECORDER REPORT LME official prices on Wednesday. ================================================================================================== Aluminium Aluminium Copper Lead Nickel Tin Zinc Nasaac Alloy...

Poultry rates.
October 31, 2008... Byline: RECORDER REPORT Wholesale poultry rates on Thursday (October 30, 2008)and for Friday (October 31, 2008). Eggs: Rs 1770/1775 per 30 dozen; Broiler Birds (live): Rs 104 per kilogram; Cull Birds (live): Rs 64 per kilo. ...

Cotton Spot Rates.
October 31, 2008... Byline: RECORDER REPORT Official KCA spot rates for local dealings in Pakistan rupees on Thursday (October 30, 2008). =========================================================== The KCA Official Spot Rate for Local Dealings in Pak...

NJLI Managed Fund prices.
October 31, 2008... New Jubilee Life Insurance Company has announced the offer and bid price per unit for the following funds effective from Thursday, (October 30, 2008). ========================= MANAGED GROWTH FUND ========================= Offer price Rs...

Lahore Grain Market Rates.
October 31, 2008... Byline: RECORDER REPORT Grain and other commodity rates in rupees on Akbari Mandi on Thursday (October 30, 2008). ======================================== Per 100 kg ======================================== Sugar 3480/3540 Gur...

Multan commodities market rates.
October 31, 2008... Commodities market rates in rupees on Thursday (October 30, 2008). ======================================== FOOD GRAINS (Per 100 kilogram) ======================================== Maize 1875/2000 Jawar 1750/1875 Bajra 1725/2000 Barley...

Lahore Paper Market Rates.
October 31, 2008... Byline: RECORDER REPORT Paper market rates in rupees on Thursday (October 30, 2008). ============================================== OFFSET PAPER (PER LB) ============================================== INDONESIA...

National Commodity Exchange Trading Summary.
October 31, 2008... Byline: RECORDER REPORT National Commodity Exchange Limited Trading Summary on Thursday (October 30, 2008). ========================================================================================================================...

Kerb buying and selling rate of US dollar.
October 31, 2008... Byline: RECORDER REPORT Dollar buying and selling rate in the kerb market in rupees on Thursday (October 30, 2008). ================================ Open Buying Rs 83.30 Open Selling Rs 84.00 ================================ ...

Dollar's rate in interbank market.
October 31, 2008... Byline: RECORDER REPORT Interbank closing rates for dollar on Thursday (October 30, 2008). ============================== Buying Rs 81.70 Selling Rs 81.75 ============================== Copyright 2008 Business Recorder

Shipping Intelligence.
October 31, 2008... Byline: RECORDER REPORT Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (October 30, 2008). PORT QASIM INTELLIGENCE ...

THE RUPEE: dollar up five paisa.
October 31, 2008... Byline: RECORDER REPORT Range-bound trading was seen on the interbank market on Thursday as the rupee showed gradual fall of five paisa against the dollar for buying and selling at 81.70 and 81.75, currency experts said. Commenting on...

Bank: HABIB METROPOLITAN BANK LIMITED - Analysis of Financial Statements Financial Year 2003 - H 2001 2008.
October 31, 2008... Metropolitan Bank Limited (now Habib Metropolitan Bank) was incorporated on August 3, 1992. From October 1992 to September 2006, it remained a high rated bank and with its nationwide 51-branch on-line network, established as a distinguished...

All shares index report.
October 31, 2008... Byline: RECORDER REPORT The sector-wise all shares index report on Thursday (October 30, 2008). ======================================================================================================================== ==== ALL...

Mutual Funds Association of Pakistan.
October 31, 2008... Byline: RECORDER REPORT Mutual Funds Association has issued open-end funds daily prices for Friday (31 October 2008) PENSION FUNDS (OPEN-END FUNDS): CLOSED-END FUND NAVs: ...

BRIndex30 and BR Sectoral Indices.
October 31, 2008... Byline: RECORDER REPORT BRIndex30 and BR Sectoral Indices on Thursday (October 30, 2008). =================================== BR INDICASE AT A GLANCE =================================== BRINDEX30 -...

Extension granted by the secp for holding of annual general meeting.
October 31, 2008... Byline: RECORDER REPORT Extension granted by the secp for holding of annual general meeting =========================================================== Name of Company Year Ending Extension Granted upto...

Despatch of dividend warrants.
October 31, 2008... Byline: RECORDER REPORT Dates of despatch of dividend warrants and bonus share certificates. ============================================================================================= Company Year Ended/Ending Dividend/Bonus...

Applied for extension to SECP for holding AGM.
October 31, 2008... Byline: RECORDER REPORT Applied for extension to SECP for holding of annual general meeting. =================================================================== Applied for Name of Company Year Ended Extension upto...

BOARD MEETINGS.
October 31, 2008... Byline: RECORDER REPORT Board Meetings of Companies listed on the Karachi Stock Exchange. ===================================================================== Name of Company Date Time...

Board meetings in progress.
October 31, 2008... Byline: RECORDER REPORT Board Meetings in Progress of Companies listed on the Karachi Stock Exchange. ==================================================================================== COMPANY SCHEDULED ON TIME TO CONSIDER R E M...

Board Meetings.
October 31, 2008... Byline: RECORDER REPORT Board Meetings of Companies listed on the Karachi Stock Exchange. ================================================================================================= Company SCHEDULED ON TIME PLACE TO CONSIDER...

Shares buy-back schedule.
October 31, 2008... Byline: RECORDER REPORT Shares buy-back schedule of listed companies on Thursday (October 30, 2008). ======================================================================================= Company Re-Purchase From To Member...

Last date of renunciation/payment.
October 31, 2008... Byline: RECORDER REPORT Last dates of renunciation/payment. =============================================================================== LAST DATE FOR RENUNCIATION/PAYMENT...

Proposed right issues.
October 31, 2008... Byline: RECORDER REPORT Right issues proposed by companies listed on Karachi Stock Exchange. =============================================================== PROPOSED RIGHT ISSUE...

Clearing Schedule for T+2 System.
October 31, 2008... Byline: RECORDER REPORT Karachi Stock Exchange's Clearing Schedule for T+2 System. ================================================================ CLEARING SCHEDULE FOR T+2 SYSTEM FOR THE MONTHS OF OCTOBER & NOVEMBER 2008...

EFU Aitemad Growth Fund Rates.
October 31, 2008... Byline: RECORDER REPORT EFU Aitemad Growth Fund Rates on Thursday (October 30, 2008). ============================= Offer price 501.97 Bid Price 476.87 ============================= Copyright 2008 Business Recorder

EFU Capital Growth Fund Rates.
October 31, 2008... Byline: RECORDER REPORT EFU Capital Growth Fund Rates on Thursday (October 30, 2008). ============================= Offer price 213.00 Bid Price 202.35 ============================= Copyright 2008 Business Recorder

EFU Pension Growth Fund Rates.
October 31, 2008... Byline: RECORDER REPORT EFU Pension Growth Fund Rates on Thursday (October 30, 2008). ============================= Offer price 119.56 Bid price 113.58 ============================= Copyright 2008 Business Recorder

EFU Managed Growth Fund Rates.
October 31, 2008... Byline: RECORDER REPORT EFU Managed Growth Fund Rates on Thursday (October 30, 2008). ============================= Offer price 662.98 Bid price 629.83 ============================= Copyright 2008 Business Recorder

NJLI MEESEQ Fund Rates.
October 31, 2008... Byline: RECORDER REPORT NJLI Meeseq Fund Rates on Thursday (October 30, 2008). ============================= Offer price 457.72 Bid Price 434.83 ============================= Copyright 2008 Business Recorder

NJLI Sarmaya Growth Fund Rates.
October 31, 2008... Byline: RECORDER REPORT New Jubilee Life Insurance Sarmaya Growth Fund Rates on Thursday (October 30, 2008). ============================== Offer Price 192.04 Bid Price 182.43 ============================== Copyright 2008...

NJLI Pension Fund Rates.
October 31, 2008... Byline: RECORDER REPORT New Jubilee Life Insurance Pension Fund Rates on Thursday (October 30, 2008). ============================== Offer Price 434.67 Bid Price 412.92 ============================== Copyright 2008 Business...

NJLI Managed Growth Fund Rates.
October 31, 2008... Byline: RECORDER REPORT New Jubilee Life Insurance Managed Growth Fund Rates on Thursday (October 30, 2008). ============================= Offer Price 403.42 Bid Price 383.24 ============================= Copyright 2008...

KKI closing rates of currency notes.
October 31, 2008... Khanani & Kalia International (Pvt) Limited Closing Rates of currency notes on Thursday (October 30, 2008). ================================================= Currency Notes KKI Buying KKI Selling...

Currency values in terms of Special Drawing Rights.
October 31, 2008... Byline: RECORDER REPORT The International Monetary Fund (IMF), treasuries' department's currency values in terms of Special Drawing Rights (SDR). ======================================================================================...

Spot dollar rates.
October 31, 2008... Byline: RECORDER REPORT Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Thursday (October 30, 2008). ======================================= Ex Interbank Rate PKR against USD ======================================= BID...

Open market rates of foreign currencies.
October 31, 2008... Byline: RECORDER REPORT Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Thursday (October 30, 2008). ========================================================================= CURRENCY BUYING...

Money Market Report.
October 31, 2008... Byline: RECORDER REPORT Money market report by Khadim Ali Shah Bukhari & Co on Thursday (October 30, 2008). DAILY MONEY MARKET COMMENTS: Money market initiated at the level of 11.00% - 11.50%. In Clean, trading levels varied between...

Banks' rates for currency notes (buying and selling).
October 31, 2008... Byline: RECORDER REPORT The selling/buying rates for currency notes of major currencies issued by National Bank (NBP) here on Thursday (October 30, 2008). =================================== Selling Buying...

Interest rates on old and incremental FCY deposits.
October 31, 2008... Byline: RECORDER REPORT Interest rates on old and incremental FCY deposits on Thursday (October 30, 2008). ================== Rates % pa ================== USD 0.1000 GBP 0.1000 ================== Copyright 2008 Business...

Bill buying rates per unit of currency.
October 31, 2008... Byline: RECORDER REPORT Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Thursday (October 30, 2008). ...

Currency notes: exchange rates.
October 31, 2008... Byline: RECORDER REPORT Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Thursday (October 30, 2008). ============================================= AUTHORISED...

LIBOR calculating interest on US dollar.
October 31, 2008... Byline: RECORDER REPORT London Interbank Offer Rates on for calculating interest on special US dollar on Thursday (October 30, 2008). ========================================= BONDS LIBOR VALUE...

Conversion for foreign currency deposits.
October 31, 2008... Byline: RECORDER REPORT Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Thursday (October 30, 2008). =============================================== US DOLLAR...

Exchange rates: buying and selling.
October 31, 2008... Byline: RECORDER REPORT Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Thursday (October 30, 2008). ========================================= Countries Selling Buying Buying TT&OD TT Clean...

Barclays bid rates and maximum rates for payment of interest.
October 31, 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) --...

State Bank of Pakistan conversion rates.
October 31, 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...

Aaj TV - Friday's schedule.
October 31, 2008... Byline: RECORDER REPORT All timings are in PST (Pakistan Standard Time). 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...

Activity at Karachi and Qasim ports.
October 31, 2008... Byline: RECORDER REPORT The Karachi Port handled 120,930 tonnes of cargo including 90,667 tonnes of import, 30,263 tonnes of export cargo and 3,581 loaded and empty containers (TEUs) during last 24 hours ending at 0700 hours on Thursday....

Jute goods up on Jodia Bazaar.
October 31, 2008... Byline: RECORDER REPORT The trading in jute goods twine closed higher on Jodia Bazaar here on Thursday. The following changes were noted. JUTE GOODS TWINE (per kg): 20x3 Brown closed up by Rs 3 to Rs 53, 16x3 CRT/Indus moved upward...

Wheat prices rise on grain market.
October 31, 2008... Byline: RECORDER REPORT Wheat prices maintained rising trend on the grain market on Thursday amid strong demand, dealers said. On the cereal side, wheat bardana old and new both types gained Rs 25 to Rs 2900-2915 amid good demand, guwar...

Spot rate raised to Rs 3,050 on cotton market.
October 31, 2008... Byline: RECORDER REPORT Hopes of positive measures by the government to support the prices, helped e in extending spot rate's overnight gains on the cotton market on Thursday, dealers said. The official spot rate was strengthened after...

Some solace seen on cotton market.
October 31, 2008... Byline: DR ZAFAR HASSAN After reaching an apogee during the end of last august and the first week of September 2008 when asking prices for lint hit record levels ranging from Rs 4150 to Rs 4200 maund (37.32 kgs), cotton prices plummeted...

'Football for Hope' programme starts at Lahore.
October 31, 2008... Byline: RECORDER REPORT The third phase of FIFA 'Football for Hope Programme' commenced here on Thursday under FIFA's Technical Advisor Holger Obermann. Speaking on the occasion, Holger praised the working of Model Town Football Academy...

PFF approves 30 participants for IOC course.
October 31, 2008... Byline: RECORDER REPORT Pakistan Football Federation (PFF) has approved 30 participants for the International Olympic Committee (IOC) Olympic Solidarity Technical Course, which will be conducted at Lahore's FIFA Football House from...

When will day traders come back?
October 31, 2008... Byline: BADRUDDIN AHMED (KARACHI) In the early part of 2005, the stock exchange had witnessed a devastating crisis resulting from an effort by the then SECP Chairman to introduce the mode of bank financing in place of Badla Financing. In...

Socialism in US? Taxes dominate final weeks of election.
October 31, 2008... Byline: CHRIS CERMAK With a financial system on the verge of meltdown and an economy facing a prolonged recession, the final weeks of the US election campaign have mostly focused on something much narrower: taxes. Some of it is...

Fatima Fertiliser: a much favoured project?
October 31, 2008... Byline: ENGR HUSSAIN AHMAD SIDDIQUI Once again, the much-talked-about project of Fatima Fertiliser Company Limited, which is a joint venture of Fatima Group and Arif Habib Group, has made headlines. The commissioning of the new...

At last, the right thing.
October 31, 2008... The Army chief, General Ashfaq Pervaz Kiyani's decision to suspend work on the construction of a new GHQ in Islamabad at a time when the country faces a grave financial crisis, comes as pleasant news. An ISPR statement quoted General Kiyani...

The aftermath of Balochistan tremors.
October 31, 2008... As pointed out in these columns in our issue of October 30, coming in the midst of President Zardari's all-out efforts for undoing the accumulated wrongs of political, economic and social dimensions, from a multi-prong thrust of national...

Water-testing labs.
October 31, 2008... The government is planning to establish 17 water-testing laboratories in the country under "Safe Drinking Water" programme, to check the quality of drinking water, says a news report. Officials involved in the project claim that work on 11...

LHC directs SWM official to appear before court.
October 31, 2008... Byline: RECORDER REPORT The Lahore High Court on Thursday directed district officer Solid Waster Management (SWM) to appear before the court till November 3 with all relevant record in a petition challenging his orders placing services...

Government asked to ensure equitable returns to Basmati farmers.
October 31, 2008... Byline: RECORDER REPORT Basmati Growers Association (BGA) has asked the Government to ensure equitable returns to Basmati farmers. The Government has announced Rs 1,500 per 40 kg for Super Basmati paddy, which needs to be ensured at all...

Tevta to expand scope for training youth.
October 31, 2008... Byline: RECORDER REPORT In line with the policies of the Government of the Punjab and mandate of the authority, Technical and Vocational Training Authority (Tevta) has planned to expand the scope of technical training to the youth. ...

Digital signature certificates: SECP, NIFT sign agreement.
October 31, 2008... Byline: RECORDER REPORT The Securities and Exchange Commission of Pakistan (SECP) has signed an agreement with the National Institute of Facilitation Technology (NIFT) for the provision of digital signature certificates at subsidised...

Kids and Femina Expo-2008 begins.
October 31, 2008... Byline: RECORDER REPORT Kids and Femina Expo-2008 kicked off here at the Fortress Stadium on Thursday. Around 125 stalls of different items related to women and kids are established to attract the buyers. Some swings are also arranged at...

France wants joint ventures in dairy sector.
October 31, 2008... Byline: RECORDER REPORT The French Agency for International Business Development's Director, International Study, Mrs Anne Bernard has said that there is a wide scope of joint ventures between France and Pakistan in dairy and food...

Economic sector direly needs R&D: Ishfaq.
October 31, 2008... Byline: RECORDER REPORT Despite having huge potential in all sectors, Pakistan could not get its due place mainly because of lacking attention on research and development. Now the situation has taken a positive turn as a large number of...

Steps taken to encourage foreign investment in Punjab: Shahbaz.
October 31, 2008... Byline: RECORDER REPORT Punjab Chief Minister Mian Muhammad Shahbaz Sharif has said that Pakistan is rich in natural resources and has vast investment opportunities. He said that Punjab government is taking all out measures to encourage...

Workshop by ILO: 'media role important in eradicating bonded labour'.
October 31, 2008... Byline: RECORDER REPORT Speakers at a workshop organised by the International Labour Organisation (ILO) on 'Role of Media in Eradication of Bonded Labour in Pakistan' here on Thursday disclosed that 12.3 million persons are involved in...

Political parties, traders and NGOs send relief goods to quake affected areas.
October 31, 2008... Various political parties, traders' associations, non-governmental, social and students' organisations have set up their relief camps in different parts of the city where they collect medicines, edible and non-edible items for the quake...

Magsi seeks donor agencies' role in relief operations.
October 31, 2008... Governor Balochistan Nawab Zulfikar Ali Magsi on Thursday visited Ziarat and inspected relief operations being carried out by various organisation in the area. He also visited the Ziarat hospital and various medical centers and enquired about...

World should come forward to help Pakistan in hour of need: foreign minister.
October 31, 2008... Byline: RECORDER REPORT Pakistan had paid heavy cost in war against terrorism, not only its army personnels but also economy destroyed by it protected the world at the cost of its own huge loss. Now world should come forward for the help...

Mirwaiz condemns arrest, torture of APHC leaders.
October 31, 2008... All Parties Hurriyet Conference (APHC) Chairman Mirwaiz Umar Farooq, terming the arrest and torture of Hurriyet leaders as occupation authorities' frustration, has said that such tactics will not suppress Kashmiris' aspirations for freedom in...

Senior PAF officer impressed by PLA's military exercise.
October 31, 2008... A senior official of Pakistan Air Force (PAF) has the distinction to observe People's Liberation Army (PLA) military exercise. Group Captain Zahid Hamid Kiani had been to China for quite a few times. However, it was his first time to watch a...

Kashmiri Muslims target of India's new communal plan.
October 31, 2008... The elements with a rabid communal mindset have been accorded high positions in the administration to victimise Muslims in line with a dangerous anti-Muslim Indian plan in occupied Kashmir. According to Kashmir Media Service, the informed...

PIA starts third international flight from Sialkot.
October 31, 2008... The national flag carrier Pakistan International Airline (PIA) has started third weekly direct international Sialkot-Muscat flight from Wednesday night as a PIA flight PK-229 with 118 passengers on board took off from Sialkot International...

Tarin to visit KSE today.
October 31, 2008... Byline: RECORDER REPORT Advisor to the Prime Minister on Finance Shaukat Tarin will visit Karachi Stock Exchange (KSE) on October 31 (Friday). The prevailing situation of the stock exchange will be discussed during his meeting with the...

CAA carries out airport emergency exercise.
October 31, 2008... Byline: RECORDER REPORT The Civil Aviation Authority (CAA) carried out the annual airport emergency exercise 2008 at Jinnah International Airport here on Thursday. The exercise, which was supposed to be started at 9am, but was delayed...

Mujtaba Gilani condoles with bereaved family.
October 31, 2008... Byline: RECORDER REPORT Incharge Prime Minister Camp Office, Syed Ahmad Mujtaba Gillani visited Wahdat Colony to offer Fateha for the deceased who died as a result of fall of ceiling couple of days ago. It is to be remembered that on...

69th death anniversary of Bhagat Kanwar.
October 31, 2008... Byline: RECORDER REPORT Institute of Sindhology, Sindh University Jamshoro, in collaboration with department of Culture and Tourism Government of Sindh will mark 69th death anniversary of Sufi singer Bhagat Kanwar Ram on November, 01 at...