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Riffat Mughal

Trade among Islamic states to grow 20pct - 0 views

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    JEDDAH: The International Islamic Trade Finance Corporation (ITFC), an affiliate of the IDB Group, is making intense efforts to increase trade among members of the Organization of Islamic Cooperation (OIC) to 20 percent of their total trade by 2015. It has given $13 billion since 2008 to finance trade.
Halal Tamweel

Ginners back on trade, rates remain firm - 0 views

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    KARACHI: Ginneries participation in active trading on Thursday supported Pakistan cotton rates to remain firm. Some analysts expect that panic trading by ginneries can pushed cotton prices down.
Riffat Mughal

Sept trade deficit narrows to $1.786bln - 0 views

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    KARACHI: Pakistan's trade deficit narrowed to $1.786 billion in September from $1.842 billion in August, the Federal Bureau of Statistics said on Tuesday.
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

Pakistan Halal stocks fell 2.7pct in early trade - 0 views

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    KARACHI: The worsening relationship of Pakistan with United States has dampened the sentiments of local and foreign investors badly as the Halal Stock Index tumbled by 2.7 percent or 571.52 points in early trade on Monday.
Riffat Mughal

Range-bound trading at Pakistan cotton market - 0 views

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    KARACHI: Current rates of cotton attracted millers to indulge in active buying despite trading remained range bound at Pakistan cotton market on Tuesday.
Riffat Mughal

Dull trade at Pakistan cotton market - 0 views

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    KARACHI: Dull trade was witnessed at Pakistan cotton market as the sellers did not want to sell cotton at lower prices therefore they have adopted the strategy to hold their current positions which resisted cotton rates to decline further.
Halal Tamweel

Halal stocks: Market likely to remain range-bound - 0 views

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    KARACHI: Foreign selling has impacted investors' confidence. Trade is concentrated in some stocks and they are now trading at inflated levels. Market is expected to remain range bound today and will be focusing on monetary policy ease in next couple of days.
Halal Tamweel

Dull trade at cotton market due to heavy rains - 0 views

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    KARACHI: Heavy rains in Karachi caused thin trading activities at cotton market on Tuesday. However, persistent rains in Sindh and Punjab pushed cotton prices up and expectations regarding further damage of crop make buyers cautious.
Riffat Mughal

Dubai's Nakheel trade creditors keen to sell Islamic bond - 0 views

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    DUBAI: Trade creditors holding the recently issued first tranche of troubled developer Nakheel's five-year Islamic bonds, or sukuk, are inviting bids for the paper, but buyers are so far limited, traders said.
Halal Tamweel

Pakistan cotton rates steady over brisk trading - 1 views

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    KARACHI: The return of ginneries and arrivals of Phutti allowed Pakistan cotton market to witness brisk trading activities on Friday. The Karachi Cotton Association (KCA) official spot rate remained intact at Rs 7,400 while physical prices were recorded at Rs 7,450, dealers said.
Halal Tamweel

Brisk trading activities witness at Pakistan Cotton - 0 views

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    KARACHI: Pakistan cotton market observed brisk trading on Wednesday amid firm prices. The Karachi Cotton Association (KCA) official spot rate remained intact at Rs 7,400 on Wednesday while physical prices were recorded at Rs 7,600, dealers said.
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.
Riffat Mughal

Brisk trading at cotton market - 0 views

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    KARACHI: Brisk trading witnessed at Karachi cotton market on Saturday while spot rate remained unchanged. The Karachi Cotton Association (KCA) official spot rate remained intact at Rs 6,250 while physical prices were above Rs 6,600 and Rs 6,700 per maund, dealers said.
Riffat Mughal

US crude surges, outpacing Brent in spread trade - 0 views

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    NEW YORK:U.S. crude surged to its highest level in more than two months on Monday, outpacing gains in Brent, as volatile trade in key spreads stole the limelight from upbeat Chinese data and optimism over the euro zone.
Riffat Mughal

Moderate session witnessed at cotton market - 0 views

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    KARACHI: Pakistan cotton prices moved upward on Tuesday and moderate trading session was witnessed.
Riffat Mughal

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.
Riffat Mughal

Pakistan cotton prices moves up - 0 views

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    KARACHI: On the back of higher demands Pakistan cotton prices witnessed modest gained on Wednesday as mills indulged in active trading. The Karachi Cotton Association (KCA) official spot rates moved up by Rs 100 to Rs 6,400 on Wednesday, dealers said.
Riffat Mughal

Gold falls 1pct on dollar strength; investors cautious - 0 views

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    SINGAPORE: Gold slipped 1 percent in volatile trade on Wednesday as the U.S. dollar regained strength on doubts over the progress of Europe's efforts to tackle the region's debt crisis, while this week's brutal correction also kept investors at bay.
Riffat Mughal

Dubai's Tamweel plans up to $500mln Sukuk in Q4 - 0 views

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    DUBAI: Islamic mortgage lender Tamweel, whose shares resumed trading in May, will issue a $300-$500 million sukuk, or Islamic bond, in the fourth quarter, the acting chief executive of the Dubai-based company said on Tuesday.
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