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Riffat Mughal

Pakistan's broad money (M2) grew by 15.89 percent - 0 views

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    KARACHI: Pakistan's broad money (M2) grew by 15.89 percent year on year (YoY) to Rs 917.961 billion during FY11 as against 12.46 percent YoY to Rs 640.015 billion in FY10, State Bank of Pakistan (SBP) provisional data revealed.
Riffat Mughal

Analysis: Pakistan refineries production 2MFY11-12 - 0 views

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    Pakistan refinery sector production fell by 18 percent 2MFY11-12 Pakistan refinery sector production fell by 18 percent as it stood at 1.2 million tons in first two months of fiscal year 2011-12 (2MFY11-12) as compared to 1.4 million tons in the corresponding period last year. However, in the month of August, Pakistan's refinery production slashed by 28 percent month on month (MoM).
Riffat Mughal

Food export increases by 33.53 percent in two months - 0 views

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    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.
Riffat Mughal

Sept inflation dips to 10.46 pct y/y - 0 views

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    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.
Riffat Mughal

CPI down by 11.56pct during August - 0 views

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    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.
Riffat Mughal

Gold rises on euro zone woes; eyes on fed - 0 views

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    SINGAPORE: Spot gold gained 0.8 percent on Monday, extending a 1.2-percent rise in the previous session, as worries about a worsening debt crisis in the euro zone drove investors to seek safety in bullion.
Halal Tamweel

ADB projected moderate economic growth - 0 views

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    KARACHI: The Asian Development Bank (ADB) has presented a modest economic growth forecast of 3.7 percent for Pakistan for FY12, lower than government's target of 4.5 percent.
Halal Tamweel

Refinery witness higher output and 14pct sales growth in 2MFY12 - 0 views

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    KARACHI: Refinery sales witnessed higher output along with 14 percent growth in the first two months of fiscal year 2011-12 (2MFY11-12). High Speed Diesel (HSD) and petrol contributed as their growth outshined by 91 percent during the period under review.
Riffat Mughal

Revenue collection increases by 27.4 percent in first quarter: FBR - 0 views

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    ISLAMABAD: The Federal Board of Revenue (FBR) has realized a total provisional collection of Rs.373.819 billion during the first quarter of July-September 2011-12 showing an overall increase of 27.4 percent as compared to same period of last fiscal year.
Riffat Mughal

Remittances surge by 25 percent to $3.3bln - 0 views

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    KARACHI: The overseas Pakistani workers remitted an amount of $ 3,297.20 million in the first quarter (July - September) of the current fiscal year 2011-12 (FY12), showing a growth of 24.60 percent or $ 650.9 million compared with $ 2,646.30 million received during the same period of last fiscal year (July- September 2010).
Riffat Mughal

Car sales gear up by 27 percent - 0 views

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    KARACHI: The car sales in the country escalated by 27 percent during the first quarter of the new fiscal year, according to the statistics released by Pakistan Automotive Manufacturers Association (PAMA) on Monday.
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.
Halal Tamweel

First Al-Noor Modaraba reports surge in profits - 0 views

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    KARACHI: First Al-Noor Modaraba (Pvt.) Ltd profit after taxation reported outshined growth of 170.89 percent year on year (YoY) to Rs 29.892 million during the financial year 2011 (FY11) as compared to Rs 11.034 million in the previous year.
Halal Tamweel

12.5m bales of cotton production expected - 0 views

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    KARACHI: Despite 80 percent loss to cotton crop in Sindh because of torrential rains and floods, 12.5 million bales are still expected to be produced by the country this year, with 10 million bales from Punjab and 2.5 million bales from Sindh.
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    KARACHI: Despite 80 percent loss to cotton crop in Sindh because of torrential rains and floods, 12.5 million bales are still expected to be produced by the country this year, with 10 million bales from Punjab and 2.5 million bales from Sindh.
Riffat Mughal

HMB Islamic Banking operations remain impressive in 1HCY11 - 0 views

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    KARACHI: The net assets of Habib Metropolitan Islamic windows surged by 7.15 percent during first half of the calendar year 2011 (1HCY11) as it recorded at Rs 1.22 billion as compared to Rs 1.14 billion in December, 2010.
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    KARACHI: The net assets of Habib Metropolitan Islamic windows surged by 7.15 percent during first half of the calendar year 2011 (1HCY11) as it recorded at Rs 1.22 billion as compared to Rs 1.14 billion in December, 2010.
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.
Halal Tamweel

Shares retreat as FED minutes soften stimulus bias | HALALTAMWEEL.COM - 0 views

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    TOKYO: Asian shares fell on Wednesday after the minutes from the U.S. Federal Reserve's March meeting reduced expectations of further stimulus measures to spur growth, leaving investors looking for more clues to the global economic outlook. European equity markets will likely follow the weak Asian mood, with financial spread betters predicting major European markets to open as much as 0.8 percent lower.
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    TOKYO: Asian shares fell on Wednesday after the minutes from the U.S. Federal Reserve's March meeting reduced expectations of further stimulus measures to spur growth, leaving investors looking for more clues to the global economic outlook. European equity markets will likely follow the weak Asian mood, with financial spread betters predicting major European markets to open as much as 0.8 percent lower.
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

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.
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