WB terms Pakistan's economy worst - 0 views
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Riffat Mughal on 19 Sep 11ISLAMABAD: 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.
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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.
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.
First World Islamic Finance Summit to begin from 21st - 0 views
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KARACHI: Pakistan is all set to host the first World Islamic Finance Summit 2011 to be held on September 21 and 22. The organizers unveiled the description of the prestigious summit on Thursday.
Finance Minister meets IMF, World Bank leaders - 0 views
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WASHINGTON: Finance Minister Dr Abdul Hafeez Shaikh met with leaders of major financial institutions here on Thursday during the IMF-World Bank meetings and discussed cooperation for Pakistan's development.
Bahrain holds 7th annual World Islamic Funds - 0 views
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MANAMA: The 7th annual World Islamic Funds and Financial Markets Conference 2011 (WIFFMC'11) will be held in Bahrain on September 26 and 27, 2011.
Malaysia supplies world class talent for Islamic Finance, says Zeti - 0 views
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KUALA LUMPUR: Malaysia, via the International Centre for Education in Islamic Finance (INCEIF), is supplying world class talent for the fast-growing Islamic finance, says chairman and chancellor, Tan Sri Dr Zeti Akhtar Aziz.
PPL appoints new managing director - 0 views
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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.
SEIMENS appoints new CEO - 0 views
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KARACHI: Mr. Syed Ali Hamdani has been appointed as the new Chief Executive Officer of the Siemens Pakistan.
Gold slumps record $100; stocks edge up - 0 views
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NEW YORK: Gold prices slumped more than $100 an ounce on Friday, the biggest fall on record in dollar terms, as traders sold to cover losses, while global stocks edged up on expectations the European Central Bank will take new measures to contain the euro zone debt crisis.
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.
Gold heads for biggest weekly drop since early 2009 - 0 views
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SINGAPORE: Gold slipped more than 1 percent on Friday, heading for its biggest weekly drop since March 2009, as stock markets gained and the euro rose after major central banks around the world strived to fight the debt crisis in Europe.
Market Mechanism: Useful or Useless? - 0 views
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As per Islam, this world is a place for test and this test requires some people to be privileged and some to be deprived so that people can meet their needs interdependently.
Pakistan cotton rates up - 0 views
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KARACHI: Following footprints of New York (NY) cotton in the international market Pakistan cotton prices also moved upwards on Thursday.
Active trade at cotton market after policy rate slash - 0 views
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KARACHI: Traders participated in active trading on Monday over the news that State Bank of Pakistan has reduced policy rate by 150 basis points to 12 percent.
Pakistan cotton prices moves up - 0 views
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KARACHI: Cotton prices moved up on Tuesday on the back of strong demand by the mills and spinners amid active trading. Karachi Cotton Association (KCA) official spot rate continued upward march as it went up by Rs 150 to Rs 6,450, dealers said. Market also followed New York cotton exchange trend as prices kept on a move in international market.
Stocks, commodities dive on recession fears - 0 views
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NEW YORK: World stocks fell to 13-month lows and commodities tumbled on Thursday as weak data from China crystallized investor fears of a global recession one day after a grim economic outlook from the Federal Reserve.
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.
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.
Global stocks rally on Europe hope, euro slip - 0 views
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NEW YORK: Global equities rose for a fourth straight day on Friday, but the euro slid as hope Europe was finally getting a grip on the region's debt crisis was offset by lingering fears Greece is still at risk of default.