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.
KARACHI: The State Bank of Pakistan (SBP) has withdrawn the general provision requirements for loans extended by Microfinance Banks (MFBs) against gold or other cash collateral. In case of all other loans, SBP has reduced the general provision requirement for MFBs by 50 basis points.
There are 5 full-fledged Islamic banks operating in Pakistan and 15 conventional banks with Islamic banking branches. The growth in Islamic finance industry has been consistently in double digits. The share of the industry in the banking system has risen to over 7 percent from just 0.5 percent in 2002.
KUALA LUMPUR: Prime Minister Datuk Seri Najib Tun Razak on Friday unveiled the 2012 Budget of Malaysia in which sukuk (Islamic bond) market, has emerged as a feather in the cap for Malaysia's Islamic finance.
KUALA LUMPUR: Prime Minister Datuk Seri Najib Tun Razak on Friday unveiled the 2012 Budget of Malaysia in which sukuk (Islamic bond) market, has emerged as a feather in the cap for Malaysia's Islamic finance.
PESHAWAR: Chairman, All Pakistan Textile Mills Association (APTMA) Mohsin Aziz has expressed his deep sense of sorrow on the loss of precious lives of the defenders of the borders of Pakistan in the NATO attack.
ISLAMABAD: The Tax Reform Core Group, in its two-day meeting with the Federal Board of Revenue officials concluded here today, has expressed its extreme reservation over frequent extensions being granted by the Board in filing of Income Tax (IT) and Sales Tax (ST) returns.
KARACHI: The worsening relationship of Pakistan with United States has dampened the sentiments of local and foreign investors badly as the Halal Stock Index tumbled by 2.7 percent or 571.52 points in early trade on Monday.
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.
KARACHI: Tri-Pack Films Ltd (TRIPF) has declared the "Closed Period" from October 10, 2011 to October 17, 2011, in a notice issued to Karachi Stock Exchange on Tuesday.
KARACHI: Pakistan Petroleum Limited (PPL) has appointed Mr. Asim Murtaza Khan as new chief executive /Managing Director, informed a notice issued to the Karachi Stock Exchange on Wednesday.
KARACHI: Packages Limited (PKGS) has declared the "Closed Period" from October 11, 2011 to October 18, 2011, in a notice issued to Karachi Stock Exchange on Tuesday.
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.
KARACHI: Bank Islami has announced the financial results for the half year ended on Jun 30, 2011 and showed an immense recovery as compared to last year, according to the notice sent to Karachi Stock Exchange (KSE) on Tuesday.
KARACHI: Fauji Fertilizer Bin Qasim Ltd (FFBL) has declared the "Closed Period" from October 17, 2011 to October 25, 2011 (both days inclusive) in a notice issued to Karachi Stock Exchange on Friday.
KARACHI: Safe Mix Concrete Products Limited (SMCPL) has announced financial results for the year ended June 30, 2011, said the notice issued by the company to Karachi Stock exchange (KSE) on Friday.
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.
KARACHI: The board of directors of Tariq Glass Industries Limited (TGL) has approved the financial information of the company for the year ended June 30, 2011 on Monday, according to the notice issued by company to the Karachi Stock Exchange (KSE).
KARACHI: The Sensitive Price Indicator (SPI), for the lowest income group up to Rs.8,000 has registered a increase of 0.09 percent for the week ended on September 29 over the previous week.