Pakistan refinery sector production fell by 18 percent 2MFY11-12
Pakistan refinery sector production fell by 18 percent as it stood at 1.2 million tons in first two months of fiscal year 2011-12 (2MFY11-12) as compared to 1.4 million tons in the corresponding period last year.
However, in the month of August, Pakistan's refinery production slashed by 28 percent month on month (MoM).
ISLAMABAD: The negotiations between the government and commercial banks remained successful on Tuesday to resolve the mounting circular debt issue of Rs 400 billion in the power sector of the country.
KARACHI: Market is likely to be positive today over hike in urea prices as fertilizer stock is expected to continue the rally. Investors are bullish about the sector owing to high dividend expectations and seem to be less concerned about gas curtailment to the sector.
TOKYO: Asian shares rose on Thursday, as optimism over Europe's efforts to aid the euro zone's financial sector and U.S. data suggesting the economy could avoid recession spurred short-covering and value-hunting.
KARACHI: With clear weather today, market is likely to see increased activities. E&P sector would continue to drive interest. It is expected that the blue chip companies will remain active stocks.
MANAMA: Tajweez Advisory Co. WLL, the first Pakistani-backed advisory firm in Bahrain in the Islamic finance sector, has launched their Islamic Finance 360 training project at the Institute of Bankers Pakistan.
KARACHI: Increase in international oil prices along with fertilizer and cement price hike locally bode well for these sectors, however, widening trade gap and decline in remittances posed fresh challenges to the economy despite the ease in monetary policy.
ISTANBUL: Turkey's Islamic banks could continue their recent strong growth if they can cultivate stronger ties with their international owners and create a sustainable brand image, in Standard & Poor's Ratings Services' view.