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Riffat Mughal

Islamic finance industry facing challenges - 0 views

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    DUBAI: Growth of the global Islamic asset management industry will likely halt or reverse this year as the industry struggles with poor sentiment in financial markets and lacklustre interest among Islamic institutional investors, said Jahangir Aka, senior executive officer at asset management firm SEI investments.
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

Govt to import 500mmcf LNG for power generation - 0 views

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    ISLAMABAD: The government is actively engaged to pave way for import of 500 MMCF Liquefied Natural Gas (LNG) on emergent basis to be exclusively used for generation of 2500 megawatts electricity in the country.
Riffat Mughal

Auto industry fears of new players - 0 views

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    LAHORE: The automobile industry of Pakistan has showed serious concerns over the government recent stance to invite new players in the domestic automobile industry to reap the new announced benefits.
Riffat Mughal

Gold drops 1 pct after Italy, Spain downgraded - 0 views

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    NEW YORK/LONDON: Gold fell around 1 percent on Friday, as bullion investors raised cash to cover margin calls amid losses in the equity markets after Fitch downgraded the credit ratings of Spain and Italy.
Halal Tamweel

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.
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.
Halal Tamweel

NEPRA approves wind power tariffs - 0 views

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    ISLAMABAD: Identifying the investment opportunities in alternate energy, National Electric Power Regulatory Authority (Nepra) has approved upfront tariffs for wind power projects on Thursday.
Halal Tamweel

Gold heads for biggest weekly gain since Sept - 0 views

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    SINGAPORE: Gold headed for its biggest weekly gaIN IN a month as equities regaINed strength after fresh efforts by Europe to resolve its debt crisis eased naggINg worries about a global recession, while purchases from jewelers offered additional support.
Halal Tamweel

Pakistan cotton rates up - 0 views

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    KARACHI: Following footprints of New York (NY) cotton in the international market Pakistan cotton prices also moved upwards on Thursday.
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

KMI: Market to continue rally - 0 views

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    KARACHI: Market would continue the rally today as investors' renewed buying interest could be witness in high dividend-yielding stocks.
Riffat Mughal

Brent stays near $109 on Europe optimism, Kuwait strike - 0 views

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    SINGAPORE: Brent crude held near $109 on Tuesday on cautious optimism that European banks may avert a fINancial crisis after leaders promised a plan to resolve the region's debt woes while a strike IN OPEC member Kuwait threatened exports.
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

POL board meeting on Oct 18 - 0 views

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    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.
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

Malaysia supplies world class talent for Islamic Finance, says Zeti - 0 views

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    KUALA LUMPUR: Malaysia, via the International Centre for Education In Islamic FInance (InCEIF), is supplyIng world class talent for the fast-growIng Islamic fInance, says chairman and chancellor, Tan Sri Dr Zeti Akhtar Aziz.
Riffat Mughal

PPL witnesses profits surge by one fourth - 1 views

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    KARACHI: Pakistan Petroleum Limited (PPL), the pioneer of the natural gas industry in the country witnessed outstanding growth as its net profits surged by 26.92 percent year on year (YoY) to Rs 9.886 billion during the first quarter of financial year.
Riffat Mughal

Unilever earnings remain flat in 3QCY11 - 1 views

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    KARACHI: Unilever Pakistan Limited (ULEVER) has announced its financial result for the third quarter ended Sep 30, 2011 on Tuesday.
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