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ADB projected moderate economic growth - 0 views

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    KARACHI: The Asian Development Bank (ADB) has presented a modest economic growth forecast of 3.7 percent for Pakistan for FY12, lower than government's target of 4.5 percent.
Halal Tamweel

Refinery witness higher output and 14pct sales growth in 2MFY12 - 0 views

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    KARACHI: Refinery sales witnessed higher output along with 14 percent growth in the first two months of fiscal year 2011-12 (2MFY11-12). High Speed Diesel (HSD) and petrol contributed as their growth outshined by 91 percent during the period under review.
Halal Tamweel

Sales of OMC drop by 6pct during August 2011 - 0 views

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    KARACHI: The sales of Oil & Marketing Companies (OMCs) dropped by 6 percent during the month of August to 1.740 million tons, according to the latest data released by Oil Companies Advisory Committee (OCAC).
Halal Tamweel

Gold extends losses on eurozone debt hopes - 0 views

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    SINGAPORE: Gold slipped more than half a percent on Thursday after equities rose and the euro ticked up on optimism over tentative steps by European policy makers to resolve and limit the region's debt crisis.
Halal Tamweel

Brisk trading activities witness at Pakistan Cotton - 0 views

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    KARACHI: Pakistan cotton market observed brisk trading on Wednesday amid firm prices. The Karachi Cotton Association (KCA) official spot rate remained intact at Rs 7,400 on Wednesday while physical prices were recorded at Rs 7,600, dealers said.
Halal Tamweel

APTMA welcomes LNG Policy 2011 - 0 views

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    Karachi: All Pakistan Textile Mills Association (APTMA) has embraced the proposed Liquefied Natural Gas (LNG) Policy 2011 and appreciated the efforts of federal government for taking interest in bringing LNG into the system, said by APTMA Chairman Gohar Ejaz.
Halal Tamweel

Economics, politics spur Islamic banking in Oman - 0 views

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    MUSCAT/DUBAI: For religious reasons, Omani clerk Ali al-Sulaimi does not believe in paying interest on borrowed money, but he badly wants to build a house for his family.
Halal Tamweel

Tatarstan Islamic finance hub ambitions boosted - 1 views

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    LONDON: Russian republic Tatarstan's ambition to develop a Sharia-compliant market received a boost this week when the Kazan-based AK Bars Bank became the first Tatar credit to secure a murabaha loan.
Halal Tamweel

Asian stocks rebound on Europe debt hopes - 0 views

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    HONG KONG: Asian stocks bounced on Thursday after tentative steps by euro zone policymakers to tackle a crippling debt crisis, but investors remained wary that obstacles the bloc's leaders face could weigh on the euro and Asian currencies in the medium term.
Halal Tamweel

Pakistan gold prices fell down - 0 views

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    KARACHI: Gold rates in Pakistan fell on Wednesday in major bullion markets of the cities with a decrease in international market.
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