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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

High paid-up-capital necessary for sound financial system says Hasnain - 0 views

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    KARACHI: Syed Samar Hasnain, Director, Agricultural Credit & Microfinance Department, State Bank of Pakistan said that the paid up capital requirement set by the central bank for the microfinance banks is high. But it is necessary at the same time to ensure a sound financial system.
Riffat Mughal

Gold dips to 1-mth low in commodities sell-off - 0 views

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    SINGAPORE: Gold prices dipped 1 percent on Friday, headed for their sharpest weekly loss since May, amid a sell-off in commodities sparked by fears the global economy could plunge back into a recession.
Halal Tamweel

Heavy rains paralysis Karachi - 0 views

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    KARACHI: Floods triggered by monsoon rains crippled Pakistan's biggest city and commercial hub of Karachi on Tuesday, with few people able to make it to work or school, officials said.
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

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

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

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.
Riffat Mughal

Pakistan cotton: Lower prices attract buyers - 0 views

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    KARACHI: Increased Phutti arrivals and panic selling by the ginners pushed Pakistan cotton prices further down in the market on Tuesday.
Riffat Mughal

Pakistan gold prices recorded at Rs 56,200/tola - 0 views

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    KARACHI: Gold rates in Pakistan jumped up on Tuesday in major bullion markets of the cities followed by the rally in international market.
Riffat Mughal

Revenue collection increases by 27.4 percent in first quarter: FBR - 0 views

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    ISLAMABAD: The Federal Board of Revenue (FBR) has realized a total provisional collection of Rs.373.819 billion during the first quarter of July-September 2011-12 showing an overall increase of 27.4 percent as compared to same period of last fiscal year.
Riffat Mughal

U.S. gold gains 1pct on euro; equities weigh - 0 views

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    SINGAPORE: U.S. gold futures gained 1 percent to above $1,630 an ounce on Wednesday, driven by a return to bargain hunting after prices dropped the previous day, while purchases from jewellers helped the precious metal shrug off a volatile euro.
Halal Tamweel

Urea ship arrives at Gwadar port - 0 views

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    KARACHI: A ship carrying 27,420 metric tonnes of urea imported by Trading Corporation of Pakistan (TCP) has arrived at Gwadar Port on Wednesday.
Halal Tamweel

Brent crude stays firm above $105 on eu's move - 0 views

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    SINGAPORE: Brent crude stayed firm above $105.50, boosted by Europe's move to shore up ailing banks and expectations that the U.S. economy may not be sliding into recession.
Halal Tamweel

Gold heads for biggest weekly gain since Sept - 0 views

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    SINGAPORE: Gold headed for its biggest weekly gain in a month as equities regained strength after fresh efforts by Europe to resolve its debt crisis eased nagging worries about a global recession, while purchases from jewelers offered additional support.
Riffat Mughal

Active trade at cotton market after policy rate slash - 0 views

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    KARACHI: Traders participated in active trading on Monday over the news that State Bank of Pakistan has reduced policy rate by 150 basis points to 12 percent.
Riffat Mughal

Shares rise after china bank move, euro firm - 0 views

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    SINGAPORE: Asian shares rose on Tuesday after China moved to support its stock market by buying shares of major banks, and the euro held the previous session's big gains on hopes that European leaders are finally taking action to protect the continent's lenders.
Riffat Mughal

Remittances surge by 25 percent to $3.3bln - 0 views

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    KARACHI: The overseas Pakistani workers remitted an amount of $ 3,297.20 million in the first quarter (July - September) of the current fiscal year 2011-12 (FY12), showing a growth of 24.60 percent or $ 650.9 million compared with $ 2,646.30 million received during the same period of last fiscal year (July- September 2010).
Riffat Mughal

Trade among Islamic states to grow 20pct - 0 views

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    JEDDAH: The International Islamic Trade Finance Corporation (ITFC), an affiliate of the IDB Group, is making intense efforts to increase trade among members of the Organization of Islamic Cooperation (OIC) to 20 percent of their total trade by 2015. It has given $13 billion since 2008 to finance trade.
Riffat Mughal

Greece loan talks advance as EU delays summit - 0 views

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    ATHENS/BERLIN: The European Union postponed a summit by a week on Monday to allow time for a broader solution to Greece's debt crisis, after Athens said it had concluded talks with international lenders on an aid payment needed to avert default.
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