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Riffat Mughal

Islamic finance industry facing challenges - 0 views

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    DUBAI: Growth of the global Islamic asset management industry will likely halt or reverse this year as the industry struggles with poor sentiment in financial markets and lacklustre interest among Islamic institutional investors, said Jahangir Aka, senior executive officer at asset management firm SEI Investments.
Riffat Mughal

Auto industry fears of new players - 0 views

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    LAHORE: The automobile industry of Pakistan has showed serious concerns over the government recent stance to invite new players in the domestic automobile industry to reap the new announced benefits.
Riffat Mughal

Mutual Fund industry sold $3.143mln worth of shares - 0 views

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    KARACHI: According to National Clearing Company of Pakistan (NCCPL) data, Pakistan's Mutual Fund industry was the net sellers of $3.143 million or Rs 273.513 million worth of shares during the week as against net buyers of $2.666 million or Rs 231.953 million worth of shares during the week ended on November 25, 2011.
Riffat Mughal

Microfinance has potential to expand outreach: Hasnain - 0 views

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    KARACHI: Microfinance industry in Pakistan is a growing industry and it is currently serving approximately two million customers said Syed Samar Hasnain, Director, Agricultural Credit & Microfinance Department, State Bank of Pakistan.
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

Lucky Cement holds 19pct market share during the 1QFY12 - 0 views

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    KARACHI: Lucky Cement Limited (LUCK) holds 19 percent market share in overall Pakistan's cement industry during the first quarter of financial year 2011-2012 (1QFY11-12).
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

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

China cotton importers reduce bookings, await quotas -report - 0 views

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    BEIJING: Chinese cotton importers are refraining from booking shipments before April because of uncertainty over the timing and volume of sliding-tariff quotas for 2012, according to a report on an industry web site on Wednesday.
Riffat Mughal

SNGPL faces criticism over gas curtailment - 0 views

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    LAHORE: Sui Northern Gas Pipelines Limited (SNGPL) criticized by All Pakistan Textile Mills Association (APTMA) over gas curtailment to the textile industry despite government of Pakistan assurance to supply gas for five days a week.
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

Tariq glass profits remain flat - 0 views

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    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).
Halal Tamweel

Islamic corporate finance ready to meet needs of corporate borrowers - 0 views

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    DUBAI: With the rapid growth of the Islamic finance industry and the increasing popularity of Islamic finance as a financing solution for a growing number of businesses both regionally and globally, senior Islamic bankers and corporate borrowers will gather in Abu Dhabi on the 10th & 11th of October 2011 at the International Summit on Islamic Corporate Finance (ICFS 2011),
Halal Tamweel

Monetary Policy Preview: Rate cut on the cards - 0 views

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    KARACHI: Pakistan's inflation slowed for a second straight month in September 2011, giving policy makers more scope to cut key benchmark rate to support ailing industries.
Riffat Mughal

Qadirpur maintenance to suffer industrial zone - 0 views

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    KARACHI: The Sui Northern Gas Pipelines (SNGPL) is planning to partially shut down Qadirpur gas field for maintenance of compressors and other gas fields, which could disrupt the supply of gas provided to the SNGPL network.
Halal Tamweel

Crescent Wealth launches Australia's first Islamic investment option - 0 views

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    CANBERA: Crescent Wealth, Australia's first Islamic wealth manager, have announced the launch of the nation's first Islamic Australian equity fund creating a new opportunity in the superannuation industry, and tapping the potential for Australians to access the $1.4 trillion global Islamic financial services market.
Riffat Mughal

Lotte eyes increase in import tariffs - 0 views

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    SINGAPORE: Lotte Pakistan PTA (LOTPTA) depends on government's decision to increase import tariffs to expand investments in its purified terephthalic acid (PTA) production capacity to 1.5 million tons per year industry, said the report published in ICIS news.
Riffat Mughal

PPL witnesses profits surge by one fourth - 1 views

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    KARACHI: Pakistan Petroleum Limited (PPL), the pioneer of the natural gas industry in the country witnessed outstanding growth as its net profits surged by 26.92 percent year on year (YoY) to Rs 9.886 billion during the first quarter of financial year.
Riffat Mughal

LCCI demands 25pc regulatory duty on copper export - 0 views

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    LAHORE: Lahore Chamber of Commerce and Industry demanded, Federal Board of Revenue to impose 25 percent regulatory duty on copper export.
Riffat Mughal

Islamic Equity Funds: Net assets decline by 4.17pct in August - 0 views

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    KARACHI: Pakistan's key Islamic equity funds performance remained low during the month of August, 2011 as the cumulative net assets of the four major Islamic equity funds fell by 4.17 percent Month-on-Month (MoM) to Rs 5,174.501 million as at August 31, 2011 from Rs 5,399.576 million as at July, 2011.
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