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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.

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

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: 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).

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.

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.

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.

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)

KARACHI: Pak Suzuki Motor Company on Saturday has increased prices of different models in the range of Rs 14,000 to Rs 30,000.

ISLAMABAD: Pakistan's annual inflation rate eased in September, with the consumer price index (CPI) rising 10.46 percent from a year earlier, compared with 11.56 percent in August, the Federal Bureau of Statistics said on Monday.

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.

KARACHI: The board of directors of Sitara Energy Limited (SEL) has approved the financial information of the company for the year ended June 30, 2011 on Thursday.

KARACHI: Cement manufacturers in the southern region has elevated the prices of cement bags by Rs 15 per 50kg bag by following their peers in northern region who increased the cement bag prices in the previous month.

Asset backed securitization is compatible with Islamic financial concepts as the financing products in Islamic financial system are backed by real assets.

KARACHI: KASB Islamic Income Opportunity Fund (KIIOF) (formerly KASB Islamic Income Fund) has reported net loss of Rs 18.413 million year on year (YoY) as compared to Rs 5.021 million net profits in the previous year.

Mudarabah is one of the prime modes of Islamic Financial System. Mudarabah is a kind of partnership, wherein one party provides finance to the other party for the purpose of carrying on business.

KARACHI: Unilever Pakistan Ltd has declared the "Closed Period" from September 22, 2011 to October 26, 2011 in a notice issued to Karachi Stock Exchange on Friday.

KARACHI: The curtailment 65 paisas per unit have been approved by National Electric Power Regulation Authority (NEPRA) on Thursday for the consumers in Karachi on Thursday, local media reported.

KARACHI: Pak Datacom Limited (PAKD) has declared the "Closed Period" from September 14, 2011 to September 21, 2011 (both days inclusive), in a notice issued to Karachi Stock Exchange on Thursday.

KARACHI: According to the latest statistics released by Federal Bureau of Statistics (FBS), Consumer Price Index (CPI) fell to 11.56 percent on year on year basis in August 2011 against 13.8 percent recorded in previous month, which is much lesser than the market expectation.