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Riffat Mughal

India's economy at its weakest pace; posts GDP of 6.9pct during July-Sept - 0 views

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    NEW DELHI: India's economy grew at its weakest pace in more than two years in the quarter that ended in September, revealing the heavy toll that stubbornly high inflation, rising interest rates and crisis-hit global capital markets are having on Asia's third-biggest economy.
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.
Riffat Mughal

Pakistan says will be able to repay IMF loans - 0 views

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    WASHINGTON: Pakistan will have no trouble repaying a loan from the International Monetary Fund, its finance minister said on Monday, even though the country's economy has been hurt by heavy rains and floods.
Riffat Mughal

Stocks, euro fall on caution about Europe crisis moves - 0 views

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    SINGAPORE: Asian shares and the euro fell on Monday as investors reacted cautiously to reports that European leaders were working on new ways to stop the fallout from the euro zone sovereign debt crisis wreaking more damage on the world economy.
Riffat Mughal

Pakistan gold prices eased down to Rs 56,300/tola - 0 views

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    KARACHI: Pakistan gold rates continuously falling in major bullion markets of the country following decline in the international gold markets as European countries are striving hard to stimulate the economy.
Riffat Mughal

Brent crude oil rises above $104, set for quarterly drop - 0 views

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    SINGAPORE: Brent crude rose above $104 a barrel on Friday on positive economic news, but prices this quarter remain on track for their biggest drop in 15 months on concerns that a slowing global economy will undercut fuel demand.
Halal Tamweel

Asian stocks up on Europe optimism, credit - 0 views

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    TOKYO: Asian shares rose on Thursday, as optimism over Europe's efforts to aid the euro zone's financial sector and U.S. data suggesting the economy could avoid recession spurred short-covering and value-hunting.
Halal Tamweel

Pakistan says goodbye to IMF: Beginning of a New Era? - 0 views

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    KARACHI: Pakistan does not have the intent to opt for another program of IMF loan as economy could bear the pressure alone to finance its budget deficit, said finance minister Dr. Hafeez Shaikh on Friday.
Riffat Mughal

Pakistan gold prices follow downward trend - 0 views

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    KARACHI: Pakistan gold rates dropped significantly on Friday in major bullion markets of the country following decline in international gold market amid concern over international economy and debt fears.
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.
Riffat Mughal

KMI: Market likely to be range bound - 0 views

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    KARACHI: Increase in international oil prices along with fertilizer and cement price hike locally bode well for these sectors, however, widening trade gap and decline in remittances posed fresh challenges to the economy despite the ease in monetary policy.
Halal Tamweel

Shares fall on growth, euro zone debt worries - 0 views

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    TOKYO: Asian shares fell for a third straight day on Wednesday as investors reduced their risk positions due to uncertainty over global growth prospects and resurfacing worries about debt restructuring in struggling euro zone economies.
Riffat Mughal

Rupee slide continues for third day, records at 88.45 to dlr - 0 views

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    KARACHI: The Pakistani rupee's slide continued for a third day on Wednesday, with increased import payments, negative sentiment about regional currencies and a bleak outlook for the country's economy driving it to a record low of 88.45 to the dollar.
Riffat Mughal

IMF delegation to visit Pak in November says Hafeez - 0 views

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    WASHINGTON: A delegation from International Monitory Fund (IMF) would visit Pakistan in November informed Finance Minister Dr Abdul Hafeez Sheikh on Saturday.
Riffat Mughal

India withdraws veto on EU package for Pakistan - 0 views

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    ISLAMABAD: India on Wednesday announced withdrawal of its veto on a European Union Duty free programme for Pakistani products in World Trade Organization.
Riffat Mughal

Chinese company sets to invest in Pakistan power sector - 0 views

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    ISLAMABAD: Chinese company M/S Dongfang Electric Corporation (DEC) is all set to invest in various sectors of energy generation in the country.
Riffat Mughal

Food export increases by 33.53 percent in two months - 0 views

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    ISLAMABAD: The export of food commodities from the country during the first two months of current financial year registered an increase of 33.53 percent as against the export of same period last year.
Riffat Mughal

LSM growth remained flat - 0 views

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    KARACHI: The month of July witnessed nominal growth in Large Scale manufacturing growth as it recorded growth of mere 0.68 percent to place the Quantum Index Numbers of the LSM Industries at 207.04 points as compared to 205.64 points in the corresponding period of the previous year, according to the latest statistics released by Federal Board of Statistics (FBS)
Riffat Mughal

Analysis: Pakistan refineries production 2MFY11-12 - 0 views

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    Pakistan refinery sector production fell by 18 percent 2MFY11-12 Pakistan refinery sector production fell by 18 percent as it stood at 1.2 million tons in first two months of fiscal year 2011-12 (2MFY11-12) as compared to 1.4 million tons in the corresponding period last year. However, in the month of August, Pakistan's refinery production slashed by 28 percent month on month (MoM).
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.
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