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Islamic Development Bank loans Djibouti funds for construction - 0 views

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    DJIBOUTI: The Islamic Development Bank loaned Djibouti $8.5 million to help build a residential and commercial center in Djibouti City, the capital.
Riffat Mughal

OGDCL registers most successful ratio on exploration front - 0 views

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    ISLAMABAD: The Oil and Gas Development Company (OGDCL) has claimed to be the best exploration company worldwide for registering successful discoveries with finding one well productive out of four.
Riffat Mughal

Urea offtake down, DAP sales up - 0 views

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    KARACHI: Fertilizer offtake improved by nominal 4 percent YoY to 5.12 million tons during eight months of calendar year Jan-Aug as compared to 4.95 million tons in the same period last year, according to the latest figures disclosed by National Fertilizer Development Centre (NDFC).
Riffat Mughal

Adoption of reforms agenda must for economic stability: ADB - 0 views

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    ISLAMABAD: Pakistan's economic outlook is positive, however needs adherence to the national economic reforms agenda to overcome the challenges it has been facing currently, newly appointed Country Director Asian Development Bank (ADB) said here on Thursday.
Riffat Mughal

Islamic Microfinance Roadmap for Future - 0 views

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    Poverty is one of the fundamental problems in developing countries. Poverty rate is quite high in all Muslim countries. The main causes of poverty are low household income, low means of production, high difference in income distribution, lack of skills, and inadequate access to employment opportunities.
Riffat Mughal

Dubai's Nakheel trade creditors keen to sell Islamic bond - 0 views

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    DUBAI: Trade creditors holding the recently issued first tranche of troubled developer Nakheel's five-year Islamic bonds, or sukuk, are inviting bids for the paper, but buyers are so far limited, traders said.
Riffat Mughal

OGDC seeks joint ventures with Iranian oil companies - 0 views

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    KARACHI: Oil and Gas Development Company Limited (OGDC), a public listed oil and gas exploration company, has showed interest to enter into joint venture with Iranian companies.
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.
Halal Tamweel

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

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.
Riffat Mughal

OGDC to restart operations in rain affected areas - 0 views

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    KARACHI: Oil and Gas Development Company Ltd (OGDCL) will resume its operation in the rain-affected areas with full pace as soon as rainwater is receded in exploration blocks.
Riffat Mughal

Pakistan cotton rates drop by Rs 100 - 1 views

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    KARACHI: Cotton rates decreased over cautious trading mode adopted by the mills and spinners on Thursday as buyers indulged in range bound activities to observe the latest developments in the market.
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