Halal Tamweel provides extensive news and information coverage and Islamic Wealth Management consultancy to prospective and existing investors looking to manage wealth in a Shariah Compliant manner in Pakistan.
12/21/2011 5:23:35 PM
ISLAMABAD: The Pakistan International Airlines (PIA) suffered almost Rs.70.68 million daily loss due to delayed flights during the first nine months (January-September 2011)) of this year.
12/21/2011 5:14:22 PM
ISLAMABAD: Minister for Petroleum and Natural Resources Dr Asim Hussain on Wednesday said that joint efforts were required to overcome energy crisis in the country.
12/21/2011 10:42:37 AM
Pakistan is a developing country whose economy is reliant on SMEs (Small and Medium Enterprises). This is evidenced by the fact that almost 90 percent of the total enterprises in the country are comprised of SMEs, which contribute 40 percent to the GDP and also playing part in providing employment opportunities to 80 percent of the non-agricultural labor (Source: SMEDA).
12/21/2011 6:19:22 PM
KARACHI: The Halal stocks KMI 30 share index lost the gaining momentum on Wednesday and shed 225.34 points to close at 20,532.47 points as against 20,757.81 points, the closing figure of the previous session.
The trading session once again remained insignificant as the halal index witnessed only 15.183 million shares against 24.465 million shares traded in the previous session.
12/21/2011 4:22:34 PM
KARACHI: Engro is all set to increase the price of its Ureabag effective from December 22. The price is going to be increased by around Rs 100 per bag to Rs 1, 580 per bag, revealed the industry sources.
Differential will be collected on all the pending orders as well while notification related to this price increase is expected shortly.
12/21/2011 3:36:02 PM
KARACHI: The State Bank of Pakistan (SBP) sold Rs 70,269.100 million worth of Ijara Sukuk (Islamic bonds) having a maturity of three years in its auction held here on Tuesday, informed the communiqué issued by SBP.
12/21/2011 3:22:17 PM
KARACHI: Karachi Chamber of Commerce and Industry (KCCI)President Mian Abrar Ahmad urged that multi-lateral trade between the Muslim countries can lift up their economies.
KCCI President talking with the ambassador of the People’s Democratic Republic of Algeria Dr Ahmed Benflis asserted upon the multi-lateral trade between the Muslim countries. He focused the regional trade was the key solution to sustain peace and prosperity in the region. He articulated the Pakistan due to its geo-strategic location could act as trade corridor between the Middle East, African, Central Asian Republics and SAARC countries.
12/21/2011 2:55:15 PM
SIALKOT: The pace of work on two mega projects, SportsIndustries Development Centre (SIDC) and Sialkot Business and Commerce Centre (SBCC) costing more than Rs. 776 million, has been geared up to touch the finishing line in current fiscal year.
12/21/2011 2:36:36 PM
ISLAMABAD: The exports of foodcommodities surged by 22.73 percent during the first five months of the current fiscal year to reach at $1.514 billion, Federal Bureau of Statistics (FBS) reported.
The overall food exports were recorded at 1.514 billion during July-November (2011-12) as compared to the exports of $1.233 billion during July-November (2010-11), according to FBS figures issued.
12/21/2011 2:18:25 PM
TOKYO: Japan's government stuck to its assessment that the economy is slowly picking up in a monthly report, but said it is remaining vigilant about risks from a slowdown overseas, volatile markets and Europe's sovereign debt crisis.
12/21/2011 1:19:56 PM
KARACHI: The relationship between the two major allies, Pakistan and the United States has been remained patchy during the year, following series of unfavorable events.
A stream of incidents ranging from Raymond Davis issue to the latest NATO strikes on Pakistan forces in Salala has jolted an affiliation between two countries to fight against terrorism.
12/21/2011 1:02:16 PM
MANAMA: Al Baraka Banking Group (ABG) yesterday announced that Standard & Poors (S&P) reaffirmed ABG's investment grade long-term counterparty credit rating of BBB-/A-3 (Short Term) with a Negative Outlook.
12/21/2011 12:58:01 PM
HONG KONG: China became the world's top patent filer in 2011, surpassing the United States and Japan as it steps up innovation to improve its intellectual property rights track record, a Thomson Reuters research report showed on Wednesday.
12/21/2011 12:29:23 PM
MUMBAI: India gold futures are likely to rise for a third straight day on Wednesday morning, following a rise in the overseas market, though appreciation of the rupee could limit the gains, analysts said.
The most-active gold for February delivery on the Multi Commodity Exchange (MCX) ended 0.63 percent higher at 27,867 rupees per 10 grams in the previous session.
12/21/2011 12:12:54 PM
SINGAPORE: Brent crude futures rose above $107 on Wednesday, gaining for a third straight day, after upbeat U.S. data pointed to a recovery in demand growth in the world's biggest oil consumer amid fears of a disruption in supplies.
12/21/2011 12:05:09 PM
The technical analysis showed that Halal Stocks KMI-30 share index short term MA (15), intermediate MA (45) and long term MA (100) profiles are bearish. Resistance around 20,965.65 resulted in a marginal break of 20,380.57 Support. Could adjust further to 20,003.34 ~ 19,795.49 area. We view last couple retreats as momentary reaction. As all the profiles are bearish therefore stay Short!
12/21/2011 11:59:47 AM
TOKYO: The euro extended gains in Asian trade on Wednesday, on short-covering ahead of the European Central Bank's first offer of three-year loans that many hope will help the region's banks lower their funding costs.
12/21/2011 11:48:55 AM
TOKYO: Asian stocks and the euro rose on Wednesday after upbeat U.S. and German data and strong demand for Spanish debt tempered risk-aversion, with investors' focus turning to a European Central Bank tender as a gauge for euro zone funding strains.
12/21/2011 11:30:49 AM
SINGAPORE: Gold rose to a one-week high on Wednesday, extending gains from the previous session, as upbeat economic data from the United States and Germany boosted market sentiment and a weaker dollar lent support.
12/21/2011 11:16:43 AM
KARACHI: Pakistan cotton market witnessed healthy trading session over the news that Prime Minister Yousuf Raza Gilani assured Pakistan Cotton Ginners Association (PCGA) that the Trading Corporation of Pakistan (TCP) would interfere in stabilizing cotton prices in the country.
12/21/2011 11:15:33 AM
ISLAMABAD: Thailand will invest in food technology, fisheries and gems sectors in Pakistan to further enhance bilateral trade volume.
A delegation of Thailand Trade Representative (TTR) apprised this to Chairman Board of Investment (BoI) Saleem H. Mandviwala during a meeting held here on Tuesday.
12/21/2011 11:03:07 AM
ISLAMABAD: The Cotton Crop Assessment Committee (CCAC) in its second meeting has estimated that a total of 12.598 million bales would be produced in the country.
The meeting was held here on Tuesday under the chairmanship of Makhdoom Shahabuddin, Minister for Textile Industry.
