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FBR sets target revenue of Rs 477.1bln for 2QFY11 - 0 views

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    KARACHI: The massive improvement in tax collection during the first quarter of the current fiscal year has prompted the Federal Board of Revenue (FBR) to set a higher revenue collection target of Rs 477.1 billion for the second quarter to meet the tax target of Rs 1952 billion for the current fiscal year.
Riffat Mughal

KMI likely to take U-turn on global stocks recovery - 0 views

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    KARACHI: Positive triggers and foreign institutional support is needed in the market amidst diplomatic tensions and political uncertainty. Since the market is following global trend recently, the movements in global markets will also be an important determinant shaping the course of the market. Market is expected to recover somewhat today after central bank's intervention to support the rupee.
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).
Riffat Mughal

ATRL reports improved earnings in first quarter, FY2012 - 0 views

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    KARACHI: The board of directors of Attock Refinery Limited (ATRL) has approved the financial results of the company for the first quarter ended Sep 30, 2011 on Monday, according to the notice issued by company to the Karachi Stock Exchange (KSE).
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

NBFI, MAP stress on comprehensive Shariah Compliance system - 0 views

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    ISLAMABAD: The non-bank financial institutions (NBFI) and Modaraba Association of Pakistan (MAP) Tuesday stressed the need for comprehensive system of Shariah compliance to keep intact the confidence of the stakeholders in the Islamic financial system.
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),
Riffat Mughal

Circular Debt: Banks agree to extend more credit to power sector - 0 views

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    ISLAMABAD: The negotiations between the government and commercial banks remained successful on Tuesday to resolve the mounting circular debt issue of Rs 400 billion in the power sector of the country.
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

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.
Halal Tamweel

Asia stocks up, bearish bets trimmed ahead of Europe meet - 0 views

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    SINGAPORE/HONG KONG: Asian stocks jumped on Friday and the euro steadied, after rising sharply the previous day, as investors hoped for a big policy move from European finance ministers to combat the debt crisis.
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    SINGAPORE/HONG KONG: Asian stocks jumped on Friday and the euro steadied, after rising sharply the previous day, as investors hoped for a big policy move from European finance ministers to combat the debt crisis.
Riffat Mughal

Pakistani forex reserves fall to $17.79bln - 0 views

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    KARACHI: Pakistan's foreign exchange reserves fell to $17.79billion in the week ending Sept. 10, from $18.06 billion in the previous week, the central bank said on Thursday.
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    KARACHI: Pakistan's foreign exchange reserves fell to $17.79billion in the week ending Sept. 10, from $18.06 billion in the previous week, the central bank said on Thursday.
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

APTMA condemns NATO attack - 0 views

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    PESHAWAR: Chairman, All Pakistan Textile Mills Association (APTMA) Mohsin Aziz has expressed his deep sense of sorrow on the loss of precious lives of the defenders of the borders of Pakistan in the NATO attack.
Riffat Mughal

MFN: Dark side of the picture also exists - 0 views

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    KARACHI: Businessmen both across the border welcomed Pakistan's decision to grant India Most Favored Nation (MFN) status which would definitely work well. But at the same time what are the chances that it would really work in highly political environment between arch rivals?
Riffat Mughal

Modern Economic Principles and Islamic Challenge - 0 views

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    Those who devour usury will not stand except as stand one whom the Evil one by his touch hath driven to madness. That is because they say: "Trade is like usury," but Allah hath permitted trade and forbidden usury. Those who after receiving direction from their Lord, desist, shall be pardoned for the past; their case is for Allah (to judge); but those who repeat (The offence) are companions of the Fire: They will abide therein (for ever) (275:2)
Riffat Mughal

KMI Weekly: Index gains 494.49pts - 0 views

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    KARACHI: The Halal stocks KMI-30 share index went up by 494.49 points or 2.40 percent during the last week. KMI-30 Index closed at the level of 21,122.57 as compared to the last week's closing level of 20,628.08 points.
Riffat Mughal

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.
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