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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.
Halal Tamweel

Shares fall on growth, euro zone debt worries - 0 views

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    TOKYO: Asian shares fell for a third straight day on Wednesday as investors reduced their risk positions due to uncertainty over global growth prospects and resurfacing worries about debt restructuring in struggling euro zone economies.
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

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

Pakistan cotton rates reduced - 0 views

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    KARACHI: Dull trading activities witnessed at cotton market amid higher phutti arrivals pushed cotton prices down on Saturday.
Halal Tamweel

KESC posts Rs 9.393 bln losses in FY11 - 0 views

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    KARACHI: Karachi Electric Supply Company Limited (KESC) loss after taxation decreased by 35.84 percent year on year (YoY) to Rs 9.393 billion as compared to Rs 14.641 billion in the previous year. KESC losses recovered during financial year 2011 (FY11) in volumes despite reduced profit margins.
Halal Tamweel

SBP withdraws gold and cash collateral requirement for MFBs loans - 0 views

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    KARACHI: The State Bank of Pakistan (SBP) has withdrawn the general provision requirements for loans extended by Microfinance Banks (MFBs) against gold or other cash collateral. In case of all other loans, SBP has reduced the general provision requirement for MFBs by 50 basis points.
Riffat Mughal

Project worth US $ 166 million for import of LNG signed - 0 views

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    ISLAMABAD: The first Liquified Natural Gas (LNG) terminal project for the import of 400-500 million cubic feet (mmcf) LNG was signed here on Friday in order to overcome energy crisis in the country and to reduce growing dependence on expensive furnace oil.
Riffat Mughal

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.
Halal Tamweel

NEPRA reduces 65 paisas per unit in KESC tariff - 0 views

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    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.
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