Business Recorder articles from September 2008

Business Recorder archives from September 2008

LME official prices.
September 30, 2008... Byline: RECORDER REPORT LME official prices on Friday. ================================================================================================== Aluminium Aluminium Copper Lead Nickel Tin Zinc Nasaac Alloy...

The Weather.
September 30, 2008... Byline: RECORDER REPORT The weather report on Monday (September 29, 2008) and the forecast for Tuesday (September 30, 2008). ============================================== Cities Max Min Humidity Rain...

Poultry rates.
September 30, 2008... Byline: RECORDER REPORT Wholesale poultry rates on Monday (September 29, 2008) and for Tuesday (September 30, 2008). Eggs: Rs 1710/1715 per 30 dozen; Broiler Birds (live): Rs 124 per kilogram; Cull Birds (live): Rs 62 per kilo. ...

Cotton Spot Rates.
September 30, 2008... Byline: RECORDER REPORT Official KCA spot rates for local dealings in Pakistan rupees on Monday (September 29, 2008). =========================================================== The KCA Official Spot Rate for Local Dealings in Pak...

Karachi Yarn Market Rate.
September 30, 2008... Byline: RECORDER REPORT Karachi Yarn Market Rates on Monday (September 29, 2008). ============================== CONES CARDED ============================== 10/1 ------------------------------ Popular Fibre 650.00 Diwan 680.00...

Multan commodities market rates.
September 30, 2008... Commodities market rates in rupees on Monday (September 29, 2008). =================================== FOOD GRAINS (Per 100 kilogram) =================================== Maize 2250/2250 Jawar 1750/1875 Bajra 1750/2375 Barley 2375/2500...

Faisalabad yarn and fibre prices.
September 30, 2008... Byline: RECORDER REPORT Cotton yarn rates in rupees per 10 Lbs on Monday (September 29, 2008). ================================= 4/S-6/S-7/S CONE (COTTON) ================================= Clock 410.00 Tuhfa 415.00...

Lahore Grain Market Rates.
September 30, 2008... Byline: RECORDER REPORT Grain and other commodity rates in rupees on Akbari Mandi on Monday (September 29, 2008). ======================================= Per 100 kg ======================================= Sugar 3400/3420 Gur...

Lahore Paper Market Rates.
September 30, 2008... Byline: RECORDER REPORT Paper market rates in rupees on Monday (September 29, 2008). ============================================== OFFSET PAPER (PER LB) ============================================== INDONESIA...

Hides and skin rates.
September 30, 2008... Byline: RECORDER REPORT Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Monday (September 29, 2008). ============================================= HIDES =============================================...

Karachi Plastic/Urea Moulding Compounds Rates.
September 30, 2008... Byline: RECORDER REPORT Karachi Plastic/Urea Moulding Compounds Rates on Monday (September 29, 2008). ================================== HDPE (FILM) (Per lb) ================================== Saudia 952 72.00 Mobil 72.00 TR144...

Grain market rates.
September 30, 2008... Byline: RECORDER REPORT Karachi grain market rates in rupees on Monday (September 29, 2008). ================================== CEREALS (Per 100 Kgs) ================================== Makai 1850/- Juwar 1600/1700 Moong Punjab 3250/-...

Rates of dry fruit.
September 30, 2008... Byline: RECORDER REPORT Rates of dry fruit in rupees prevailing on the commodity markets in Karachi on Monday (September 29, 2008). ======================================== DRY FRUITS (Per 40 Kg)...

Karachi chemicals and dyes market rates.
September 30, 2008... Byline: RECORDER REPORT Chemicals and dyes market rates in rupees on Monday (September 29, 2008). ======================================== DYES NAPHTHOLS CHINA (Per Pound) ======================================== As 100 pc 200.00...

Milk powder rates.
September 30, 2008... Byline: RECORDER REPORT Milk Powder rates in rupees prevailing on the commodity markets in Karachi on Monday (September 29, 2008). ======================================== MILK POWDER Skimmed (per bag of 25 kgs)...

Raw rubber rates.
September 30, 2008... Byline: RECORDER REPORT Raw Rubber rates in rupees prevailing on the commodity markets in Karachi on Monday (September 29, 2008). ==================================== RAW RUBBER CEYLON (per lb) ====================================...

Jute goods rates.
September 30, 2008... Byline: RECORDER REPORT Jute goods rates in rupees prevailing on the commodity markets in Karachi on Monday (September 29, 2008). ===================================== JUTE GOODS TWINE (Per Kg) =====================================...

Rates of spices and other allied commodities.
September 30, 2008... Byline: RECORDER REPORT Rates of spices and other allied commodities in rupees prevailing on the commodity markets in Karachi on Monday (September 29, 2008). ====================================== KIRANA ITEMS (Per 40 Kg)...

Karachi tea rates.
September 30, 2008... Byline: RECORDER REPORT Tea rates in rupees prevailing on the commodity markets in Karachi on Monday (September 29, 2008). =================================== TEA (PER KG) =================================== KENYA...

National Commodity Exchange Trading Summary.
September 30, 2008... Byline: RECORDER REPORT National Commodity Exchange Limited Trading Summary on Monday (September 29, 2008). ========================================================================================================================...

Weekly statement of position of all scheduled banks.
September 30, 2008... Byline: RECORDER REPORT Weekly statement of position of all scheduled banks as at the close of business on September 20, 2008. ======================================================================================= (RUPEES IN...

Dollar's rate in interbank market.
September 30, 2008... Byline: RECORDER REPORT Interbank closing rates for dollar on Monday (September 29, 2008). ============================== Buying Rs 78.15 Selling Rs 78.20 ============================== Copyright 2008 Business Recorder

Shipping Intelligence.
September 30, 2008... Byline: RECORDER REPORT Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (September 29, 2008). PORT QASIM INTELLIGENCE ...

Kerb buying and selling rate of US dollar.
September 30, 2008... Byline: RECORDER REPORT Dollar buying and selling rate in the kerb market in rupees on Monday (September 29, 2008). ================================ Open Buying Rs 78.10 Open Selling Rs 78.30 ================================ ...

THE RUPEE: no change on interbank market.
September 30, 2008... Byline: RECORDER REPORT Firmness prevailed on the interbank market on Monday as the rupee stayed put at the week-end level against the dollar for buying and selling at 78.15 and 78.20, currency experts added. Improved supply of dollars...

Bank: STANDARD CHARTERED BANK LIMITED - Analysis of Financial Statements Financial Year 2005 - H 2001 2008.
September 30, 2008... Standard Chartered Bank (Pakistan) Limited is a subsidiary of Standard Chartered Plc, incorporated in England. Standard Chartered has a long presence in Pakistan. Its first branch was opened in Karachi in 1863. However, until recently, the...

All shares index report.
September 30, 2008... Byline: RECORDER REPORT The sector-wise all shares index report on Monday (September 29, 2008). ======================================================================================================================== ==== ALL...

Mutual Funds Association of Pakistan.
September 30, 2008... Byline: RECORDER REPORT Mutual Funds Association has issued open-end funds daily prices for Tuesday (30 September 2008) PENSION FUNDS (OPEN-END FUNDS): CLOSED-END FUND NAVs: ...

BRIndex30 and BR Sectoral Indices.
September 30, 2008... Byline: RECORDER REPORT BRIndex30 and BR Sectoral Indices on Monday (September 29, 2008). =================================== BR INDICASE AT A GLANCE =================================== BRINDEX30 -...

BOARD MEETINGS.
September 30, 2008... Byline: RECORDER REPORT Board Meetings of Companies listed on the Karachi Stock Exchange. ===================================================================== Name of Company Date Time...

Shares buy-back schedule.
September 30, 2008... Byline: RECORDER REPORT Shares buy-back schedule of listed companies on Monday (September 29, 2008). ======================================================================================= Company Re-Purchase From To Member...

Proposed right issues.
September 30, 2008... Byline: RECORDER REPORT Right issues proposed by companies listed on Karachi Stock Exchange. =============================================================== PROPOSED RIGHT ISSUE...

Last date of renunciation/payment.
September 30, 2008... Byline: RECORDER REPORT Last dates of renunciation/payment. =============================================================================== LAST DATE FOR RENUNCIATION/PAYMENT...

Clearing Schedule for T+2 System.
September 30, 2008... Byline: RECORDER REPORT Karachi Stock Exchange's Clearing Schedule for T+2 System. ================================================================ CLEARING SCHEDULE FOR T+2 SYSTEM FOR THE MONTHS OF SEPTEMBER & OCTOBER 2008...

EFU Aitemad Growth Fund Rates.
September 30, 2008... Byline: RECORDER REPORT EFU Aitemad Growth Fund Rates on Monday (September 29, 2008). ============================= Offer price 498.39 Bid Price 473.47 ============================= Copyright 2008 Business Recorder

EFU Pension Growth Fund Rates.
September 30, 2008... Byline: RECORDER REPORT EFU Pension Growth Fund Rates on Monday (September 29, 2008). ============================= Offer price 119.61 Bid price 113.63 ============================= Copyright 2008 Business Recorder

EFU Capital Growth Fund Rates.
September 30, 2008... Byline: RECORDER REPORT EFU Capital Growth Fund Rates on Monday (September 29, 2008). ============================= Offer price 213.04 Bid Price 202.39 ============================= Copyright 2008 Business Recorder

EFU Managed Growth Fund Rates.
September 30, 2008... Byline: RECORDER REPORT EFU Managed Growth Fund Rates on Monday (September 29, 2008). ============================= Offer price 661.85 Bid price 628.76 ============================= Copyright 2008 Business Recorder

KKI closing rates of currency notes.
September 30, 2008... Khanani & Kalia International (Pvt) Limited Closing Rates of currency notes on Monday (September 29, 2008). ================================================= Currency Notes KKI Buying KKI Selling...

World currencies and euro.
September 30, 2008... Byline: RECORDER REPORT Value of the euro in terms of other world currencies as prevailing in the week ended Monday (September 29, 2008). ======================================================== COUNTRY CURRENCY VALUE OF EURO...

Spot dollar rates.
September 30, 2008... Byline: RECORDER REPORT Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Monday (September 29, 2008). ======================================= Ex Interbank Rate PKR against USD ======================================= BID...

Open market rates of foreign currencies.
September 30, 2008... Byline: RECORDER REPORT Open market rates of foreign currencies supplied by the Forex Association of Pakistan on Monday (September 29, 2008). ========================================================================= CURRENCY BUYING...

Money Market Report.
September 30, 2008... Byline: RECORDER REPORT Money market report by Khadim Ali Shah Bukhari & Co on Monday (September 29, 2008). DAILY MONEY MARKET COMMENTS: Money market initiated at the level of 12.00% -12.50%. In Clean, trading levels varied between...

Banks' rates for currency notes (buying and selling).
September 30, 2008... Byline: RECORDER REPORT The selling/buying rates for currency notes of major currencies issued by National Bank (NBP) here on Monday (September 29, 2008). =================================== Selling Buying...

Bill buying rates per unit of currency.
September 30, 2008... Byline: RECORDER REPORT Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Monday (September 29, 2008). ...

Interest rates on old and incremental FCY deposits.
September 30, 2008... Byline: RECORDER REPORT Interest rates on old and incremental FCY deposits on Monday (September 29, 2008). ================== Rates % pa ================== USD 0.1000 GBP 0.1000 ================== Copyright 2008 Business...

Currency notes: exchange rates.
September 30, 2008... Byline: RECORDER REPORT Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Monday (September 29, 2008). ============================================= AUTHORISED...

LIBOR calculating interest on US dollar.
September 30, 2008... Byline: RECORDER REPORT London Interbank Offer Rates on for calculating interest on special US dollar on Monday (September 29, 2008). ========================================= BONDS LIBOR VALUE...

Exchange rates: buying and selling.
September 30, 2008... Byline: RECORDER REPORT Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Monday (September 29, 2008). ========================================= Countries Selling Buying Buying TT&OD TT Clean...

Conversion for foreign currency deposits.
September 30, 2008... Byline: RECORDER REPORT Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Monday (September 29, 2008). =============================================== US DOLLAR...

State Bank of Pakistan conversion rates.
September 30, 2008... Byline: RECORDER REPORT Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for...

Barclays bid rates and maximum rates for payment of interest.
September 30, 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) --...

Wheat higher by Rs 200.
September 30, 2008... Byline: RECORDER REPORT Firmness prevailed on the grain market on Monday as most of the commodity items maintained the overnight levels, dealers said. On the cereal side wheat prices were sharply higher by Rs 200 to Rs 2700-2715. Other...

Holiday mood prevails on cotton market.
September 30, 2008... Byline: RECORDER REPORT Lacklustre business was again witnessed on the cotton market on Monday as most of the participants kept on the sidelines due to unavailability of transport, dealers said. The official spot rate was unchanged at Rs...

It's everybody's problem, not just Wall Street's.
September 30, 2008... Byline: ABU AYAAN Lawmakers in Washington have been scrambling over the last few days to build enough consensus to pass legislation approving a $700 billion package to help the ailing financial industry. Despite the fact that the present...

Railway passenger traffic drops due to sabotage threats.
September 30, 2008... Byline: M RAFIQUE GORAYA The Pakistan Railway passenger traffic up and down country for this Eid has considerably dropped due to security concerns and sabotage threats. The PR had announced to run five special trains between various...

Pakistan has the highest rate of breast cancer: report.
September 30, 2008... Byline: MUHAMMAD SALEEM Pakistan has the highest rate of breast cancer for any Asian population. It is the commonest cancer observed in females, representing more than one third of female cancers and about one fourth of all malignancies....

NAB told not to harass Double Shah's wife.
September 30, 2008... Byline: RECORDER REPORT The Lahore High Court (LHC) has directed the National Accountability Bureau (NAB) not to harass Kausar Nisa, wife of Sibtul Hassan Shah alias Double Shah. A division bench comprising Justice Hasnat Ahmed Khan and...

Agha Taj Muhammad public park at Sindh university inaugurated.
September 30, 2008... Byline: RECORDER REPORT The Vice Chancellor, Mazharul Haq Siddiqui on Monday inaugurated the renovated Agha Taj Muhammad public park at the residential colony of Sindh University (SU) Jamshoro. The park named after the first registrar of...

Farmers' bodies welcome wheat support price.
September 30, 2008... Byline: RECORDER REPORT Farmers' associations have welcomed the government decision of fixing wheat support price at Rs 950 per 40 kg for the coming crop and termed it a reasonable and timely decision. Although farmers' demand were high,...

Punjab increases wheat price.
September 30, 2008... Byline: RECORDER REPORT Punjab Food Department has increased the price of wheat issued to the flourmills from government stocks, from Rs 545 per maund to Rs 690, officials said. Thus the new price of 20kg flour bag, would be Rs 390...

Activity at Karachi and Qasim ports.
September 30, 2008... Byline: RECORDER REPORT The Karachi Port handled 266,780 tonnes of cargo including 143,386 tonnes of import, 123,394 tonnes of export cargo and 1,931 loaded and empty containers (TEUs) during last 48 hours ending at 0700 hours on Monday....

Toronto flight incident.
September 30, 2008... Byline: TAHIR HASSAN (CANADA) Passengers travelling by PIA's direct flight from Pakistan to Toronto are facing severe scrutinisation on landing here, following the horrifying incident when a passenger managed to travel on one such flight...

Partly Facetious: two international award winners of Pakistan.
September 30, 2008... Byline: ANJUM IBRAHIM "It's a matter of honour to be a Pakistani these days." "How can you say that? Try getting a visa for any country and they will grill you like you are a terrorist - that is those countries who still have their...

'It is not a war on terror'.
September 30, 2008... Byline: M. NOMAN SIDDIQUI Nobody sane enough would endorse what has happened in Islamabad on Saturday evening at Marriott Hotel. It should be condemned as forcefully as possible. Instead of weeping on the incident we should go into the...

Plummeting into debt enslavement.
September 30, 2008... Byline: HUZAIMA BUKHARI AND DR IKRAMUL HAQ The continuous revenue, trade and current account deficits are forcing the government to rely more and more on external and internal borrowings. According to latest revelation by the State Bank...

What the West should do.
September 30, 2008... In his maiden speech at the UN General Assembly, President Asif Ali Zardari effectively presented Pakistan's case on terrorism, invoking personal and national experience to bring home the message to world leaders that unlike the picture...

Welcome increase in NSS profit rates.
September 30, 2008... The Central Directorate of National Savings (CDNS) has decided to jack up profit rates up to 1.5 percent on its various products with effect from 1st October, 2008. Since CDNS is still a part of the government, the measure was announced after...

Banklslami expands online branch network in 24 cities.
September 30, 2008... BankIslami Pakistan begins the second phase of its growth plan by opening three branches in Karachi at DHA Phase IV, UP Morr and Share Faisal and one in Islam Garh, Azad Kashmir. With the opening of these branches, the bank is on its way to...

SNGPL earn Rs 2.496 billion after tax profit.
September 30, 2008... Byline: RECORDER REPORT Sui Northern Gas Pipelines Limited (SNGPL) has earned Rs 2.496 billion profit after tax in the year ended June 30, 2008 as compared to Rs 2.678 billion in the corresponding period last year. The company's earning...

Project to ensure quality reproductive health services launched.
September 30, 2008... Byline: RECORDER REPORT With a view to increase accessibility of quality reproductive health services, like family planning, and to enhance understanding of adverse consequences of rapid growth, Punjab population department in...

Saarc chamber hails Manmohan's statement.
September 30, 2008... Leadership of Saarc Chamber of Commerce and Industry has hailed the statement of Indian Prime Minister Manmohan Singh about peaceful restoration of all outstanding issues between India and Pakistan, including the issue of Jammu and Kashmir....

Sassi outlines plans for tourism development.
September 30, 2008... Provincial Minister for Culture and Tourism, Sassi Palejo has said that previous dictatorial governments pushed Sindh's tourism back and it is now after 12 years that a Sindh Tourism Development Authority has been constituted headed by Chief...

Eid holidays in Balochistan.
September 30, 2008... The Balochistan government has announced that all public offices would remain closed on October 4 next (Saturday) on account of Eid-ul-Fitr, an official handout issued here on Monday said. It further said that the office timings would be from...

Punjab chief minister orders payment of Rs 23 million for release of 107 prisoners.
September 30, 2008... Byline: RECORDER REPORT No prisoner will remain in jail on Eid-ul-Fitr this year on account of non-payment of fine or Diyat, as the Chief Minister Punjab Mian Muhammad Shahbaz Sharif has ordered payment of Rs 23 million for the release...

PHMA for immediate measures to save foreign exchange earning sector.
September 30, 2008... Byline: RECORDER REPORT Chairman Pakistan Hosiery Manufacturers Association (PHMA) North Zone Muhammad Javaid Aslam has said that the ongoing energy crisis coupled with the increase in petroleum products' prices had plunged the foreign...

Islamabad security in focus ahead of Eid festivities.
September 30, 2008... Byline: RECORDER REPORT Islamabad Capital Territory (ICT) administration and Islamabad Police have evolved a comprehensive security plan on the occasion of Eid-ul-Fitr and decided to deploy over 2,500 police personnel and dozens of...

First directors' conference at DHA.
September 30, 2008... The Administrator of Defence Housing Authority (DHA), Brigadier Khalid Tirmizi, has asked the DHA directors to collectively rise to the occasion and ensure a resident responsive management with a view to come upto the high expectations of DHA...

Hurriyat to organise Lal Chowk march in Srinagar on October 6.
September 30, 2008... A special meeting was held at senior Kashmiri Hurriyat leader, Syed Ali Gilani's residence in Srinagar in occupied Kashmir, to formulate the strategy for Lal Chowk march scheduled for October 6. According to Kashmir Media Service, in the...

Early release of Hizbul Tahrir activist demanded.
September 30, 2008... Byline: RECORDER REPORT The family of arrested Hizbul Tahrir activist on Monday called for his immediate release from the possession of intelligence agencies. Jalal Hussein, an activist of banned organisation, Hizbul Tahrir was picked up...

Japan announces $4.06 million grant to assist IDPs in Pakistan.
September 30, 2008... Byline: RECORDER REPORT Japan decided to contribute over $4.06 million (40,66,878) as grant to the United Nations High Commissioner for Refugees (UNHCR) for the project "Emergency Assistance to Internal Displaced People (IDP) in...

UNHCR centres to remain closed till October 5.
September 30, 2008... Afghans, returning home from Pakistan under the UN refugee agency's voluntary repatriation programme, are informed that the facilitated return process will be temporarily suspended in Pakistan and Afghanistan on account of the Eid holidays...

People endure long traffic jams due to enhanced security.
September 30, 2008... Byline: ISHFAQULLAH SHAWL High security alert in the capital and the closure of Constitution Avenue for vehicular traffic caused huge traffic jams on Constitution Avenue, Faizabad, Margalla Road and other adjacent roads. According to...

PML-N for independent policies in national interest.
September 30, 2008... Byline: RECORDER REPORT Pakistan Muslim League-Nawaz (PML-N) has called for pursuing independent internal and external policies compatible with the national interests and free from any foreign pressure and interference. PML-N Finance...