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

WASHINGTON: A delegation from International Monitory Fund (IMF) would visit Pakistan in November informed Finance Minister Dr Abdul Hafeez Sheikh on Saturday.

KARACHI: Pakistan's broad money (M2) grew by 15.89 percent year on year (YoY) to Rs 917.961 billion during FY11 as against 12.46 percent YoY to Rs 640.015 billion in FY10, State Bank of Pakistan (SBP) provisional data revealed.

KARACHI: Pakistan National Shipping Corporation (PNSC) has announced its financial result for the year ended Jun 30, 2011.

KARACHI: Foreign Direct Investment (FDI) continued its declining trend and went down to $21 million in the month of August against $91 million in the previous month, according to the latest data issued by State Bank of Pakistan (SBP).

KARACHI: Shell Gas (LPG) Pakistan has posted a lower profit-after-tax of Rs 50.104 million during the year ending June 30, 2011 and declared a final dividend of Rs 1 per share.

KARACHI: Bank Alfalah Limited Pakistan (BAFL) Islamic business unaudited net assets surged by 13.63 percent during first half of the financial year 2011 (1HFY11) as it reached to Rs 5.473 billion as compared to audited net assets of Rs 4.817 billion on December 31, 2010.

KARACHI: Mr. Syed Ali Hamdani has been appointed as the new Chief Executive Officer of the Siemens Pakistan.

KARACHI: The value of Pakistan currency against dollar is depreciating continuously in new fiscal year amid fears of less dollar inflows in future along with the suspension of IMF program.

KARACHI: Noon Pakistan Limited (NOPK) Board of Directors meeting will be held on Thursday, September 29, 2011 to consider among other things the audited financial statements for the year ended 30 June 2011.

KARACHI: According to the latest data released by the All Pakistan Cement Manufacturers Association (APCMA), the local cement dispatches increased by 13.68 percent to 3.68 million tons during Aug-Jul compared to the same period last year.

KARACHI: The Asian Development Bank (ADB) has presented a modest economic growth forecast of 3.7 percent for Pakistan for FY12, lower than government's target of 4.5 percent.

Karachi: All Pakistan Textile Mills Association (APTMA) has embraced the proposed Liquefied Natural Gas (LNG) Policy 2011 and appreciated the efforts of federal government for taking interest in bringing LNG into the system, said by APTMA Chairman Gohar Ejaz.

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.

ISLAMABAD: Pakistan Telecommunication Company Limited (PTCL) to supply Information and Communication Technologies (ICT) services to Dera Ghazi Khan Cement (DGKC).

KARACHI: A ship carrying 27,420 metric tonnes of urea imported by Trading Corporation of Pakistan (TCP) has arrived at Gwadar Port on Wednesday.

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.

KARACHI: The foreign investment plunged enormously by 49 per cent to $236 million in the first quarter (Jul-Sep) of the current fiscal 2012, according to the latest statistics released by State Bank of Pakistan (SBP).

KARACHI: The Halal stocks index KMI 30 went up by 81.41 points on Friday to close at 21,122.57 points as against 20,819.35 points, the closing figure of the previous session.

KARACHI: Market is likely to be positive today over hike in urea prices as fertilizer stock is expected to continue the rally. Investors are bullish about the sector owing to high dividend expectations and seem to be less concerned about gas curtailment to the sector.