Contents contributed and discussions participated by Riffat Mughal - Halal Tamweel

Dubai's MAF eyes sukuk; expansion into Iraq, Lebanon - exec - 0 views

Riffat Mughal on 12 Oct 11

ABU DHABI: Dubai's Majid Al Futtaim Holding, sole franchisee of hypermarket chain Carrefour in the Gulf, is to set up a sukuk programme as market volatility continues to thwart its plans for a conventional issue, an executive told reporters today.

<div class="cArrow"> </div><div class="cContentInner">ABU DHABI: Dubai's Majid Al Futtaim Holding, sole franchisee of hypermarket chain Carrefour in the Gulf, is to set up a sukuk programme as market volatility continues to thwart its plans for a conventional issue, an executive told reporters today.</div>

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NRL board to meet on Oct 20 - 0 views

Riffat Mughal on 12 Oct 11

KARACHI: As the first quarter of new financial year has come to an end, all listed companies on Karachi Stock Exchange (KSE) are busy in arranging their board meetings to consider the quarterly financial results.

<div class="cArrow"> </div><div class="cContentInner">KARACHI: As the first quarter of new financial year has come to an end, all listed companies on Karachi Stock Exchange (KSE) are busy in arranging their board meetings to consider the quarterly financial results. </div>

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3-mth fiscal deficit 1.1pct of GDP - 0 views

Riffat Mughal on 12 Oct 11

KARACHI: Pakistan's fiscal deficit for the first three months of fiscal year 2011/12 was 1.1 percent of gross domestic product, a Finance Ministry official told Reuters on Wednesday.

<div class="cArrow"> </div><div class="cContentInner">KARACHI: Pakistan's fiscal deficit for the first three months of fiscal year 2011/12 was 1.1 percent of gross domestic product, a Finance Ministry official told Reuters on Wednesday.</div>

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FFBL, FFC raise urea prices - 0 views

Riffat Mughal on 12 Oct 11

KARACHI: Fauji Fertilizer Company (FFC) and Fauji Fertilizer Bin Qasim Limited (FFBL) have raised urea prices by Rs 202 per 50kg bag on Tuesday.

<div class="cArrow"> </div><div class="cContentInner">KARACHI: Fauji Fertilizer Company (FFC) and Fauji Fertilizer Bin Qasim Limited (FFBL) have raised urea prices by Rs 202 per 50kg bag on Tuesday. </div>

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Pakistan gold rates drop - 0 views

Riffat Mughal on 12 Oct 11

KARACHI: Pakistan gold prices dropped on Tuesday in major bullion markets of the cities due to prevailed uncertainty in European countries.

<div class="cArrow"> </div><div class="cContentInner">KARACHI: Pakistan gold prices dropped on Tuesday in major bullion markets of the cities due to prevailed uncertainty in European countries. </div>

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Brent below $111 on demand target cut, euro zone woes - 0 views

Riffat Mughal on 12 Oct 11

SINGAPORE: Brent crude fell on Wednesday, snapping five days of gains, after OPEC cut its global oil demand forecast and plans for greater powers for a euro zone bailout fund hit a snag, rattling investor confidence.

<div class="cArrow"> </div><div class="cContentInner">SINGAPORE: Brent crude fell on Wednesday, snapping five days of gains, after OPEC cut its global oil demand forecast and plans for greater powers for a euro zone bailout fund hit a snag, rattling investor confidence.</div>

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Pakistan cotton prices moves up - 0 views

Riffat Mughal on 12 Oct 11

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.

<div class="cArrow"> </div><div class="cContentInner">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. </div>

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KMI: Market likely to be range bound - 0 views

Riffat Mughal on 12 Oct 11

KARACHI: Increase in international oil prices along with fertilizer and cement price hike locally bode well for these sectors, however, widening trade gap and decline in remittances posed fresh challenges to the economy despite the ease in monetary policy.

<div class="cArrow"> </div><div class="cContentInner">KARACHI: Increase in international oil prices along with fertilizer and cement price hike locally bode well for these sectors, however, widening trade gap and decline in remittances posed fresh challenges to the economy despite the ease in monetary policy. </div>

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Pak-backed advisory firm launches Islamic Finance training projects in Bahrain - 0 views

Riffat Mughal on 12 Oct 11

MANAMA: Tajweez Advisory Co. WLL, the first Pakistani-backed advisory firm in Bahrain in the Islamic finance sector, has launched their Islamic Finance 360 training project at the Institute of Bankers Pakistan.

<div class="cArrow"> </div><div class="cContentInner">MANAMA: Tajweez Advisory Co. WLL, the first Pakistani-backed advisory firm in Bahrain in the Islamic finance sector, has launched their Islamic Finance 360 training project at the Institute of Bankers Pakistan. </div>

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KMI gains 2.46pts - 0 views

Riffat Mughal on 12 Oct 11

KARACHI: The Halal stocks continued its rally and touched high but later it slowed down which let KMI 30 share index to gained meager 2.46 points.

<div class="cArrow"> </div><div class="cContentInner">KARACHI: The Halal stocks continued its rally and touched high but later it slowed down which let KMI 30 share index to gained meager 2.46 points. </div>

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Greece loan talks advance as EU delays summit - 0 views

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Greece loan talks advance as EU delays summit

shared by Riffat Mughal on 11 Oct 11 - No Cached

Riffat Mughal on 11 Oct 11

ATHENS/BERLIN: The European Union postponed a summit by a week on Monday to allow time for a broader solution to Greece's debt crisis, after Athens said it had concluded talks with international lenders on an aid payment needed to avert default.

<div class="cArrow"> </div><div class="cContentInner">ATHENS/BERLIN: The European Union postponed a summit by a week on Monday to allow time for a broader solution to Greece's debt crisis, after Athens said it had concluded talks with international lenders on an aid payment needed to avert default.</div>

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POL board meeting on Oct 18 - 0 views

Riffat Mughal on 11 Oct 11

KARACHI: As the first quarter of new financial year has come to an end, all listed companies on Karachi Stock Exchange (KSE) are busy in arranging their board meetings to consider the quarterly financial results.

<div class="cArrow"> </div><div class="cContentInner">KARACHI: As the first quarter of new financial year has come to an end, all listed companies on Karachi Stock Exchange (KSE) are busy in arranging their board meetings to consider the quarterly financial results. </div>

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Inflation likely to reverse after SBP decision - 0 views

Riffat Mughal on 11 Oct 11

KARACHI: The recent decision of State Bank of Pakisan (SBP) to bring flexibility in monetary stance could spur economic growth slightly but it is likely that inflation could again pick up its momentum due to expected increase in liquidity position, according to the Arif Habib research note.

<div class="cArrow"> </div><div class="cContentInner">KARACHI: The recent decision of State Bank of Pakisan (SBP) to bring flexibility in monetary stance could spur economic growth slightly but it is likely that inflation could again pick up its momentum due to expected increase in liquidity position, according to the Arif Habib research note.</div>

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Trade among Islamic states to grow 20pct - 0 views

Riffat Mughal on 11 Oct 11

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.

<div class="cArrow"> </div><div class="cContentInner">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.</div>

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Agritech reports loss of Rs 295.221mln in FY11 - 0 views

Riffat Mughal on 11 Oct 11

KARACHI: Agritech Limited (AGL) declares loss of Rs 295.221 million for the year ended on June 30, 2011 as against profits after taxation of Rs 853.248 million in the previous year.

<div class="cArrow"> </div><div class="cContentInner">KARACHI: Agritech Limited (AGL) declares loss of Rs 295.221 million for the year ended on June 30, 2011 as against profits after taxation of Rs 853.248 million in the previous year.</div>

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Car sales gear up by 27 percent - 0 views

Riffat Mughal on 11 Oct 11

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.

<div class="cArrow"> </div><div class="cContentInner">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.</div>

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

Riffat Mughal on 11 Oct 11

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).

<div class="cArrow"> </div><div class="cContentInner">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). </div>

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Pakistan gold prices up - 0 views

Riffat Mughal on 11 Oct 11

KARACHI: Pakistan gold rates up on Monday in major bullion markets of the cities with increase in international gold market.

<div class="cArrow"> </div><div class="cContentInner">KARACHI: Pakistan gold rates up on Monday in major bullion markets of the cities with increase in international gold market.</div>

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Sept trade deficit narrows to $1.786bln - 0 views

Riffat Mughal on 11 Oct 11

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.

<div class="cArrow"> </div><div class="cContentInner">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.</div>

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Shares rise after china bank move, euro firm - 0 views

Riffat Mughal on 11 Oct 11

SINGAPORE: Asian shares rose on Tuesday after China moved to support its stock market by buying shares of major banks, and the euro held the previous session's big gains on hopes that European leaders are finally taking action to protect the continent's lenders.

<div class="cArrow"> </div><div class="cContentInner">SINGAPORE: Asian shares rose on Tuesday after China moved to support its stock market by buying shares of major banks, and the euro held the previous session's big gains on hopes that European leaders are finally taking action to protect the continent's lenders.</div>

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