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Riffat Mughal

Pakistan gold improves to Rs 48,728 - 0 views

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    KARACHI: Gold rates in Pakistan improved by Rs 43 to close at Rs 48,728 per 10 grams in the local market Tuesday, as its international price also moved up to $ 1,718 an ounce, market sources said.
Riffat Mughal

MFN: Dark side of the picture also exists - 0 views

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    KARACHI: Businessmen both across the border welcomed Pakistan's decision to grant India Most Favored Nation (MFN) status which would definitely work well. But at the same time what are the chances that it would really work in highly political environment between arch rivals?
Riffat Mughal

KMI gains on inflation numbers - 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

KMI likely to take U-turn on global stocks recovery - 0 views

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    KARACHI: Positive triggers and foreign institutional support is needed in the market amidst diplomatic tensions and political uncertainty. Since the market is following global trend recently, the movements in global markets will also be an important determinant shaping the course of the market. Market is expected to recover somewhat today after central bank's intervention to support the rupee.
Riffat Mughal

Gold falls 1pct on dollar strength; investors cautious - 0 views

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    SINGAPORE: Gold slipped 1 percent in volatile trade on Wednesday as the U.S. dollar regained strength on doubts over the progress of Europe's efforts to tackle the region's debt crisis, while this week's brutal correction also kept investors at bay.
Halal Tamweel

Firm buying at Pakistan cotton market - 0 views

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    KARACHI: Persisting rains in Sindh damaged crop further, bad sewerage systems in the province not only created transportation problems but also damaged roads which caused late delivery of cotton at the market.
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

Pakistan gold prices down - 0 views

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    KARACHI: Gold rates in Pakistan dropped on Tuesday in major bullion markets of the country despite nominal rise in international gold rates. Gold prices in Karachi went down by Rs 600 per tola and recorded at Rs. 60,100 per tola (11.66 grams). The price of 10 grams gold was also declined by Rs 514 to Rs. 51,514.
Halal Tamweel

Pakistan cotton rates up - 0 views

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    KARACHI: Following footprints of New York (NY) cotton in the international market Pakistan cotton prices also moved upwards on Thursday.
Riffat Mughal

Pakistan cotton prices moves up - 0 views

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    KARACHI: Cotton prices moved up on Tuesday on the back of strong demand by the mills and spinners amid active trading. Karachi Cotton Association (KCA) official spot rate continued upward march as it went up by Rs 150 to Rs 6,450, dealers said. Market also followed New York cotton exchange trend as prices kept on a move in international market.
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