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Riffat Mughal

Pakistan Petroleum to participate in the fourth Exploration Licensing Round in Iraq - 0 views

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    KARACHI: Pakistan Petroleum Limited (PPL), the pioneer of the natural gas industry in the country intends to participate in the fourth Exploration Licensing Round in Iraq, mentioned in company's first quarter report of financial year 2012 (1QFY12).
Riffat Mughal

Egalitarian Objectives & Present State of Islamic Finance - 0 views

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    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.
Riffat Mughal

KMI lost as market takes technical correction KMI kmi KMI 30 kmi 30, Stocks Pakistan st... - 0 views

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    KARACHI: Likelihood of a discount rate cut is increasing and the market is looking for positive triggers and foreign institutional support. Relaxation in policy rate in next Monetary Policy could bring positive activities in the market in the upcoming days. Market is expected to recover today (Friday).
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 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.
Halal Tamweel

Pakistan gold prices fall - 0 views

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    KARACHI: Gold rates in Pakistan moved downward on Friday in major bullion markets of the country in line with fall in the international gold markets.
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

SUKUK: A feather in the cap of Malaysia's budget - 0 views

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    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.
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    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.
Riffat Mughal

Analysis: Pakistan Refineries GRMs improved in 1QFY11-12 - 0 views

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    Gross Refinery Margins (GRMs) for local refineries improved by 11 percent quarter on quarter (QoQ) at $3 per barrel in the first quarter of the financial year 2011-2012 (1QFY11-12) as compared to $2.7 per barrel reported in the previous quarter.
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    Gross Refinery Margins (GRMs) for local refineries improved by 11 percent quarter on quarter (QoQ) at $3 per barrel in the first quarter of the financial year 2011-2012 (1QFY11-12) as compared to $2.7 per barrel reported in the previous quarter.
Riffat Mughal

US crude surges, outpacing Brent in spread trade - 0 views

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    NEW YORK:U.S. crude surged to its highest level in more than two months on Monday, outpacing gains in Brent, as volatile trade in key spreads stole the limelight from upbeat Chinese data and optimism over the euro zone.
Halal Tamweel

Auto sales decline in August - 0 views

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    KARACHI: The sales of automobiles in a country witnessed a steep decline of 31 percent in month of August because of weakening demand in country as compared with the previous month of July, according to the data released by Pakistan Automotive Manufacturers Association (PAMA).
Riffat Mughal

LSM posts 3.6pct growth in 1QFY12 - 0 views

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    ISLAMBAD: Large Scale Manufacturing (LSM) production grew 3.6 percent in 1QFY12. The major push came from the growth in 65 industries, according to the statistics released by Federal Bureau of Statistics (FBS).
Riffat Mughal

U.S. wheat drops 0.7 pct; euro zone worries weigh - 0 views

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    SINGAPORE: U.S. wheat slid on Wednesday amid a broad-based weakness in the commodity markets following a near 4 percent rally in the last session, its biggest one-day gain in more than a month.
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

Dubai's November 2014 sukuk surges 84 points - 0 views

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    DUBAI: Yields on Dubai's non-rated 6.396 per cent sukuk maturing in November 2014 surged 84 basis points last month to 6 per cent in Dubai, poised for the second-biggest monthly jump since state-owned holding company Dubai World sought to delay payments on $25 billion of debt in November 2009.
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

Pakistan gold rates up - 0 views

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    KARACHI: Gold rates in Pakistan shoot up again on Tuesday in major bullion markets of the country following recovery in international gold market.
Riffat Mughal

Dubai's Tamweel plans up to $500mln Sukuk in Q4 - 0 views

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    DUBAI: Islamic mortgage lender Tamweel, whose shares resumed trading in May, will issue a $300-$500 million sukuk, or Islamic bond, in the fourth quarter, the acting chief executive of the Dubai-based company said on Tuesday.
Riffat Mughal

Oil, gold lead commodity gains as outlook improves - 0 views

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    SINGAPORE: Oil and gold led gains in commodities in Asia on Tuesday as investors bet Europe's plan to shore up banks would reduce the risks of a widespread banking crisis in the euro zone, prompting investors to reduce holdings of the U.S. dollar.
Riffat Mughal

Global Islamic funds' assets up 7.6 pct in 2010-E&Y - 0 views

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    DUBAI: Assets held by global Islamic funds jumped 7.6 percent in 2010 to $58 billion, reflecting new money inflows and strength in fixed income, commodities and other alternative investments, Ernst & Young said on Monday.
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