*Govt to establish 1st corporate restructuring company Prime Minister Imran Khan has taken one more step towards economic development as…
Browsing: In The News
South Korea announces $51bn infrastructure spend ahead of elections South Korea plans to pour billions of dollars into developing public…
Economic times of Pakistan World Bank terms Punjab’s $200mn-worth project moderately unsatisfactory The World Bank has downgraded the $200-million Punjab…
How will technology shape the shipping industry in 2020? The impact of technology on the shipping industry will grow in…
Oil falls below $65/bbl in first weekly drop Oil fell below $65 a barrel on Friday in its first weekly…
GULF STATES – ECONOMICS & FINANCE Dubai Duty Free’s annual sales hit record dh7.406b Dubai Duty Free began the new…
*Pakistan Launches Health Insurance for Transgender Prime Minister Imran Khan says the Sehat Insaf Card will provide health insurance for…
ASIAN ECONOMY: OVERVIEW, GROWTH & DEVELOPMENT Post-olympic economic slump unlikely to hit Japan As Japan gears up for Olympic euphoria…
ECONOMIC TIMES OF PAKISTAN Government mulls either 5-year or 3-year economic plan Despite a lapse of almost one and a…
Dry bulk newbuilding activity took a dive in 2019 While 2019 was a year of great turbulence in the dry…
PAKISTAN NEWS: Govt cuts taxes on affordable phones by upto 85%: The Government of Pakistan, through a presidential ordinance, has…
World oil prices move higher as US strike killed Iranian commander Oil prices jumped to the highest level in more…
UAE Dirham will maintain its supremacy As the UAE economy grew over the years, the UAE dirham has also emerged…
* Government to announce special concessions for overseas Prime Minister Imran Khan said, the government of Pakistan is working on…
Japan’s economy faces another rocky year The year 2019 was a bumpy one for Japanese Prime Minister Shinzo Abe in…
Government planning to set up petroleum regulatory authority The government is working on a plan to set up an independent…
2019 Ends with plethora of newbuilding and S&P deals Ship owners have sought to seal a number of deals prior…
PAKISTAN NEWS: IT Ministry Asks for Reduction in Taxes on Mobile Phone Imports: The Ministry of Information Technology and Telecommunication…
Oil prices post fourth consecutive weekly gain Oil prices rose to the fourth consecutive weekly gain on Friday, steadying at…
GULF STATES – ECONOMICS & FINANCE 90,000 People apply for over 200 jobs at ikea in Dubai Dubai – and…
Imran Khan says eradication of the polio virus is vital nation Prime Minister Imran Khan urged the nation to join…
Afghanistan’s peace needs capital to endure There is intense focus now on how to reach a peace agreement in Afghanistan,…
Climate-smart farming – a solution to increasing temperature In the context of climate change, feeding a growing population will remain…
Demolition market fired up Ships’ recycling activity has accelerated over the past couple of weeks, in what appears to be…
PAKISTAN NEWS: PTA approaches whatsapp, demands explanation on hacking incidents: With reference to media reports regarding WhatsApp users being targeted…
World oil benchmarks post 3rd weekly gain Oil prices fell on Friday, but both benchmarks logged a third straight weekly…
GULF STATES – ECONOMICS & FINANCE Abu Dhabi airports awards spaces at midfield terminal to Lulu group Abu Dhabi Airports…
*PM Imran launches ‘Digital Pakistan’ initiative International studies revealed that the digital world is increasingly penetrating the education and skills…
Only 13pc of Indonesian family businesses survive until 3rd generation Family businesses account for almost all of businesses in Indonesia,…
ECONOMIC TIMES OF PAKISTAN NTC seeks exemption from 8pc turnover tax National Telecommunication Corporation (NTC) has approached the government, seeking…
More green ship recycling under way Ships’ demolition activity has been on the rise over the last couple of weeks.…
PAKISTAN NEWS: Pakistan receives $238.6 million from China mobile: The Government of Pakistan has received $238.6 million (Rs. 37.16 billion)…
World oil prices decline Oil prices fell on Monday after data showed Chinese exports declined for a fourth straight month,…
GULF STATES – ECONOMICS & FINANCE Emirates launches special fares on UAE’S national day Emirates airline has launched special fares…
*PM’s initiatives for financial inclusion and shelter homes Prime Minister Imran Khan launched the Financial Inclusion Strategy initiative under his…
Jordan PM says 2020 budget to focus on growth to ease unemployment The Jordanian Prime Minister, Omar Al Razzaz, said…
ECONOMIC TIMES OF PAKISTAN Chinese investors keen to pour $2 bn into PSX Chinese investors have expressed keen interest in…
WORLDWIDE SHIPPING INDUSTRY Baltic index gains on stronger vessel demand The Baltic Exchange’s main sea freight index, which tracks rates…
WORLD COMMODITIES TRADING World oil prices tumble on fresh trade tensions, record us crude output Oil prices fell on Friday,…
GULF STATES – ECONOMICS & FINANCE 75PC of UAE companies don’t set aside assets for end-of-service gratuities Three quarters of…
Pakistan’s external debt, liabilities rise $600mn Pakistan’s total external debt and liabilities increased $600 million to $106.9 billion in first…
Govt revises economic growth target The government has revised the economic growth target for the ongoing fiscal by 1.49 percentage…
*PM says Super 6 wind power projects provide affordable energy Prime Minister Imran Khan has signed a deal for Wind-generated…
Maritime industry confronts boatload of environmental challenges Keeping up in a world hurtling toward the dawn of the IMO 2020…
PAKISTAN NEWS: Sindh is Bringing Back Sales Tax on Cellular Services: Sindh’s provincial cabinet has decided to bring back sales…
World oil prices retreat Oil prices fell on Friday, pulling back from two-month highs as concern over U.S.-China trade talks…
GULF STATES – ECONOMICS & FINANCE GCC launches investigation to protect steel industry The GCC has started a safeguard investigation…
ECONOMIC TIMES OF PAKISTAN Pakistan decides to continue supplying imported lng Pakistan decided on Friday to continue supplying imported liquefied…
*PM gives roadmap to ministries, departments for next 3-month Prime Minister Imran Khan has given a roadmap to ministries and…
ASIAN ECONOMY: OVERVIEW, GROWTH & DEVELOPMENT S&P revises MOL outlook to positive on Azerbaijan acquisition S&P Global Ratings revised the…
WORLDWIDE SHIPPING INDUSTRY Baltic index sheds over 7pc to touch 4-month trough The Baltic Exchange’s main sea freight index, which…
World oil prices move higher Oil prices edged higher on Friday, after falling more than 1% following comments from US…
GULF STATES – ECONOMICS & FINANCE Top gold, jewellery, fashion brands offer up to 90pc discount in Dubai As shoppers…
ECONOMIC TIMES OF PAKISTAN Pak unveils strategy to move to cashless economy Pakistan has launched a strategy for transforming its…
*Imran Khan lays foundation of first Sikh university in Punjab Prime Minister Imran Khan laid the foundation stone of Baba…
ASIAN ECONOMY: OVERVIEW, GROWTH & DEVELOPMENT Singapore economy to stay tepid in 2020; ‘significant uncertainties’ for trade-related sector: MAS Singapore’s…
WORLDWIDE SHIPPING INDUSTRY Baltic index falls on softer capesize demand The Baltic Exchange’s main sea freight index, which tracks rates…
WORLD COMMODITIES TRADING World oil prices climb to 4pc Oil prices rose nearly 4% on Friday on signs of progress…
GULF STATES – ECONOMICS & FINANCE Gulf navigation holding records 19pc revenue growth Gulf Navigation Holding, the Dubai Financial Market…
ECONOMIC TIMES OF PAKISTAN NA doubts FBR missed target due to low imports A parliamentary panel has expressed doubts about…
ASIAN ECONOMY: OVERVIEW, GROWTH & DEVELOPMENT Afghanistan ranked 173 in world bank’s ‘doing business’ index The report states that based…
*Imran Khan inaugurates 1,320 MW power plant in Pakistan Pakistan Prime Minister Imran Khan has inaugurated the 1,320 megawatt China…
WORLDWIDE SHIPPING INDUSTRY Shippers looking to reduce the carbon footprint From higher-quality paint to state-of-the-art propellers: shipping companies are looking…
WORLD COMMODITIES TRADING World oil prices post strongest weekly gain Oil prices rose on Friday, registering the strongest weekly gains…
GULF STATES – ECONOMICS & FINANCE Enoc opens three service stations in Sharjah Enoc Group has recently opened three service…
ECONOMIC TIMES OF PAKISTAN Pakistan’s C/A deficit narrows to 41-month low The current account deficit narrowed 80percent to a 41-month…
ASIAN ECONOMY: OVERVIEW, GROWTH & DEVELOPMENT Inflation outlook: research Inflation projections for developing Asia are revised up a notch from…
*PM Inaugurates ‘Kamyab Jawan Programme and met Prince William and Kate Middleton Prime minister has launched the first phase of…
WORLDWIDE SHIPPING INDUSTRY Baltic index hits one-week trough on sluggish demand The Baltic Exchange’s main sea freight index, which tracks…
PAKISTAN NEWS: Mobile ecosystem contributes $16.7 billion to Pakistan’s economy: The mobile ecosystem in Pakistan plays an increasingly important role…
WORLD COMMODITIES TRADING Russia nears 100pc compliance with oil production target Russia’s oil production inched down to 11.23 million barrels…
GULF STATES – ECONOMICS & FINANCE UAE central bank sets early exit fee limit for mortgages The Central Bank of…
ECONOMIC TIMES OF PAKISTAN Trade deficit narrows 35pc to 5.7 bn in q1 Pakistan’s trade deficit has narrowed nearly 35percent…
Southeast Asia; a short review Data to the end of June 2019 show growth in Southeast Asia remaining robust, though…
*Imran Khan- Man of the Year, departs from china after successful visit Prime Minister Imran Khan has been named Man…
WORLDWIDE SHIPPING INDUSTRY Shipping confidence dips as trade wars intensify Confidence in the shipping industry fell in the past three…
PAKISTAN NEWS: SCO & Ufone Sign a Bilateral Roaming Services Agreement: Special Communications Organization (SCO), the largest telecom service provider…
WORLD COMMODITIES TRADING World oil prices up over 2pc Oil prices rose more than 2% on Friday after Iranian media…
GULF STATES – ECONOMICS & FINANCE Khidmah wins 14 contracts across the UAE Khidmah has won 14 new contracts in…
ECONOMIC TIMES OF PAKISTAN High tax burden leads to closure of industry Textile exporters have lamented that they have been…
PM to launch “Mera Bacha Alert” app . PM Khan visits quake-hit Mirpur. Mera Bacha Alert Prime Minister Imran Khan…
Indonesia’s Jokowi promises to make new labour and investment rules Indonesian President Joko Widodo said he will introduce sweeping changes…
WORLDWIDE SHIPPING INDUSTRY Baltic index down for 6th straight session on sliding Panamax rates The Baltic Exchange’s main sea freight…
PAKISTAN NEWS: Hunarmand App Launched to Provide Jobs & Training to Pakistani Youth: National Vocational and Technical Training Commission (NAVTCC),…
WORLD COMMODITIES TRADING Oil prices up, but crude ends week down 5pc Oil prices rose about 1% on Friday as…
GULF STATES – ECONOMICS & FINANCE UAE’s digital strength clicks The UAE jumped five places to 12th position in the…
ECONOMIC TIMES OF PAKISTAN Businessmen asked to launch plastic bag substitutes Industrialists must come forward to introduce substitutes for plastic…
Pakistan inked MoU focusing on poverty alleviation with Bill Gates Foundation Prime Minister Khan has launched a comprehensive Poverty Alleviation…
South Asia remained fastest growing region globally South Asia remained the fastest growing region in the world last year. However,…
WORLDWIDE SHIPPING INDUSTRY Baltic index hits one-month low The Baltic Exchange’s main sea freight index, which tracks rates for ships…