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FDI falls to $21 million during August - 0 views

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    KARACHI: Foreign Direct Investment (FDI) continued its declining trend and went down to $21 million in the month of August against $91 million in the previous month, according to the latest data issued by State Bank of Pakistan (SBP).
Riffat Mughal

CPI down by 11.56pct during August - 0 views

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    KARACHI: According to the latest statistics released by Federal Bureau of Statistics (FBS), Consumer Price Index (CPI) fell to 11.56 percent on year on year basis in August 2011 against 13.8 percent recorded in previous month, which is much lesser than the market expectation.
Riffat Mughal

LPG price goes up by Rs 13/kg - 0 views

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    ISLAMABAD: Prices of Liquefied Petroleum Gas (LPG) has increased by 16 percent or Rs 13 per kilogram, notification issued by Oil and Gas Regulatory Authority (OGRA) on Tuesday.
Riffat Mughal

KMI gains 266.43pts over healthy economic data - 0 views

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    KARACHI: With inflation numbers on a downward trend, likelihood of a discount rate cut is increasing. The market is looking for positive triggers and foreign institutional support. Relaxation in policy rate in next MPS could also help bring positive activities in the market in coming days.
Riffat Mughal

Weekly inflation down by 0.11pct - 0 views

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    ISLAMABAD: The Sensitive Price Indicator (SPI), for the lowest income group up to Rs.3,000 has registered a decrease of 0.11 percent for the week ended on September 15 over the previous week.
Riffat Mughal

Loadshedding increases as Gas supply to KESC suspended - 0 views

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    KARACHI: Karachi will face 10 hours of increased loadshedding as the gas supply to one of the power plants of Karachi Electric Supply Company (KESC) has been suspended, local TV channels reported on Monday.
Riffat Mughal

Euro slides 1pct after EU disappoints - 0 views

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    SINGAPORE/SYDNEY: The euro got off to a rocky start on Monday, with its weakness gathering pace after a series of political setbacks in Europe over the weekend prompted a flight to safety.
Riffat Mughal

WB terms Pakistan's economy worst - 0 views

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    ISLAMABAD: World Bank has termed the economy of Pakistan, worst in the region which has been plunging down rapidly, said the recent report issued by World Bank.
Halal Tamweel

Shell Gas posts lower profits - 0 views

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    KARACHI: Shell Gas (LPG) Pakistan has posted a lower profit-after-tax of Rs 50.104 million during the year ending June 30, 2011 and declared a final dividend of Rs 1 per share.
Riffat Mughal

Bank Alfalah Islamic Banking Branches net assets climb by 13.63pct - 0 views

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    KARACHI: Bank Alfalah Limited Pakistan (BAFL) Islamic business unaudited net assets surged by 13.63 percent during first half of the financial year 2011 (1HFY11) as it reached to Rs 5.473 billion as compared to audited net assets of Rs 4.817 billion on December 31, 2010.
Riffat Mughal

Microfinance has potential to expand outreach: Hasnain - 0 views

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    KARACHI: Microfinance industry in Pakistan is a growing industry and it is currently serving approximately two million customers said Syed Samar Hasnain, Director, Agricultural Credit & Microfinance Department, State Bank of Pakistan.
Riffat Mughal

Fruit, vegetables exports increased - 0 views

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    ISLAMABAD: Fruit and vegetable export from the country during the first two months of current financial year grew by 60.46 per cent and 80.87 per cent respectively.
Riffat Mughal

SEIMENS appoints new CEO - 0 views

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    KARACHI: Mr. Syed Ali Hamdani has been appointed as the new Chief Executive Officer of the Siemens Pakistan.
Riffat Mughal

Finance Minister meets IMF, World Bank leaders - 0 views

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    WASHINGTON: Finance Minister Dr Abdul Hafeez Shaikh met with leaders of major financial institutions here on Thursday during the IMF-World Bank meetings and discussed cooperation for Pakistan's development.
Riffat Mughal

Fall of rupee against dollar - 0 views

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    KARACHI: The value of Pakistan currency against dollar is depreciating continuously in new fiscal year amid fears of less dollar inflows in future along with the suspension of IMF program.
Riffat Mughal

10pct rise in seafood exports - 0 views

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    ISLAMABAD: Export of fish and fish preparations increased by 10.10 percent during the first two months of the current fiscal year (2011-12) compared to the exports of the same period of last year.
Riffat Mughal

Qadirpur maintenance to suffer industrial zone - 0 views

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    KARACHI: The Sui Northern Gas Pipelines (SNGPL) is planning to partially shut down Qadirpur gas field for maintenance of compressors and other gas fields, which could disrupt the supply of gas provided to the SNGPL network.
Riffat Mughal

Board Meetings - 0 views

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    KARACHI: Noon Pakistan Limited (NOPK) Board of Directors meeting will be held on Thursday, September 29, 2011 to consider among other things the audited financial statements for the year ended 30 June 2011.
Riffat Mughal

Cement sales improved by 13.68pct during Aug-Jul - 0 views

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    KARACHI: According to the latest data released by the All Pakistan Cement Manufacturers Association (APCMA), the local cement dispatches increased by 13.68 percent to 3.68 million tons during Aug-Jul compared to the same period last year.
Halal Tamweel

Pakistani rupee firms against dollar - 0 views

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    KARACHI: The rupee firmed on Tuesday to close at 87.42/52 to the dollar, compared with Monday's close of 87.43/53 but dealers expect pressure on the rupee due to negative sentiment surrounding the country's economic outlook.
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