Browsing: In The News

PAKISTAN NEWS: PTA & ICANN Hold a Workshop on DNS Abuse and Misuse: Pakistan Telecommunication Authority (PTA), in collaboration with…

Free zones lift UAE non-oil trade by 2.5% to dh1.2 trillion The UAE’s non-oil foreign trade grew 2.5 percent to…

Air India remains a knotty problem What started as a massive exercise to privatize the loss-making state-run carrier Air India,…

Inflation hits highest in 4 and 1/2 years The inflation reading spiked 7.2percent in January, hitting the highest level in…

PAKISTAN NEWS: New Guidelines for Registration of Imported Mobile Phones: The federal government has approved the extension in the launch…

UAE economy set for 3.8pc annual surge until 2023 Driven by an uptick in investment flows and private consumption, the…

SC issues notice to RBI on pleas alleging violation The Supreme Court Friday sought RBI’s response on two pleas seeking…

Government to dissolve transfer pricing directorate The federal government, in its supplementary finance bill, has recommended the withdrawal of legislation…

PAKISTAN NEWS: Under-Invoicing of IT Products Has Cost Pakistan Rs40Bn in 5 Years: Pakistan is witnessing huge under-invoicing in information…

GULF STATES – ECONOMICS & FINANCE Saudi Arabia to set up $10b oil refinery in Pakistan Saudi Arabia plans to…

INDIAN ECONOMY: OVERVIEW, GROWTH & DEVELOPMENT 25 pc increase in university seats will take years: officials A day after Union…

PAKISTAN’S ECONOMIC TIMES New 5-year plan faces hard choices The Pakistan Tehreek-e-Insaf (PTI) government faces a tough choice between implementing…

PAKISTAN NEWS: Govt to Launch Online Portal for Registration & Tax Payment of Phones: The government has come up with…

Dubai customs, Indian firms explore ways to promote trade Dubai Customs’ director Ahmed Mahboob Musabih and Indian Consul-General in Dubai…

NITI Aayog ceo proposes nil road tax for electric vehicles NITI Aayog CEO Amitabh Kant on Thursday said that he,…

Homegrown 5-year economic stabilisation programme The government has decided to present a ‘homegrown’ five-year economic stabilisation programme in the National…

UAE salary guide: what you should be paid in 2019 The UAE continues to see strong demand from international brands…

Govt indicates printing of Rs 2000 note stopped for now The government Friday indicated that printing of Rs 2,000 bank…

Foreign exchange: SBP reserves dip 2.28pc, amount to $7.29bn The foreign exchange reserves held by the central bank shrank 2.28…

South korean shipbuilders to benefit from LNG ship orders in 2019 South Korean shipbuilders are expected to continue to benefit…

PAKISTAN NEWS: PTCL Partners With Cloudflare to Improve Internet Response Time: In an effort to further optimize network performance, PTCL…

UAE consumers careful about spending in q3 Consumers across the UAE and Saudi Arabia were increasingly cautious about their spending…

India eyes USD 100 billion FDI in next two years: Suresh Prabhu India will aim to receive USD 100 billion…

Government to provide forex for CPEC debt repayment The government of Pakistan is legally bound to ensure the provision of…

Container market improving, but still shaky A less than convincing performance in the Asia to Mediterranean headhaul market and a…

PAKISTAN NEWS: E-Commerce in Pakistan witnesses a rapid growth of 94pc: According to a report released by the State Bank…

What’s in store for OPEC in 2019? OPEC has come through some turbulent times in the last few years as…

ADNOC awards Austria’s OMV 5% stake The Abu Dhabi government and the Abu Dhabi National Oil Company (Adnoc) have awarded…

Indian farmers get $9bn loan relief ahead of elections Three newly elected Indian state governments have waived up to $8.6…

No transmission lines for solar, wind energy plants The investors engaged in setting up solar and wind power plants are…

Korean shipyards almost sweep LNG ship orders South Korean shipbuilders have bagged over 80 percent of new orders placed around…

PAKISTAN NEWS: Microsoft launches all in one office app for Windows 10: Microsoft is making its MS Office suite more…

World oil prices tumble Oil prices fell on Friday to their lowest since the third quarter of 2017, heading for…

Boom years ahead for middle east Despite the general economic slowdown, there will be unprecedented growth in the region in…

Exports up 0.8 percent in November; trade deficit widens to usd 16.6 billion India’s exports grew by a meagre 0.80…

Pakistan has sufficient lpg stock Liquefied Petroleum Gas Distributors Association (LPGDA) Chairman Irfan Khokhar has claimed that the country has…

USGC clean tanker rates hit multi-year highs Rates in the Americas clean tankers market for vessels leaving the US Gulf…

PAKISTAN NEWS: Tax structure for mobile phone imports: The government finalized the tax structure for mobile phones being brought to…

World oil prices decline Oil prices slipped on Friday after China reported slower economic growth, pointing to lower fuel demand…

Tea, coffee to lead growth in UAE’S F&B industry The tea and coffee segment would be a key driver of…

India to retain top position in remittances with USD 80 billion, says World Bank India will retain its position as…

CPEC size to stay at $50 bn for now Size of the China-Pakistan Economic Corridor (CPEC) will remain unchanged at…

Floating lng cargoes in Asia find buyers as prices plunge Several liquefied natural gas (LNG) cargoes that had been stored…

PAKISTAN NEWS: A Chinese company’s free satellite Wi-Fi: If anybody claims to offer free Wi-Fi, it feels like too good…

Pakistan seeks Belarusian technologies for dairy sector Pakistan on Wednesday sought Belarusian technologies to improve milk processing and dairy production…

Petrol prices reduced in UAE for December Motorists across the UAE celebrated as the Ministry of Energy and Industry announced…

India’s q2 gdp clocks 7.1% growth; massive fall from 8.2% but still beats China India clocked a 7.1% GDP growth…

IDEAS 2018: 1st-ever multipurpose battle vehicles launched Pakistan has successfully launched the first-ever ‘multipurpose infantry fighting vehicle’ which will increase…

Dry freight index rebounds 20pc from 7-month low The Baltic Dry Index (BDI) – which tracks global dry freight rates…

PAKISTAN NEWS: Unregistered mobile phones set to be blocked Pakistan Telecommunication Authority (PTA), last week, notified to block all unregistered…

World oil prices decline Oil prices edged lower on Friday due to concerns of oversupply and a strong dollar but…

Unlimited VAT refunds for tourists visiting UAE Tourists visiting the UAE have a reason for joy as the government has…

PM Narendra Modi’s infra development vision to play catalytic role in overall economic growth: Assocham Lauding PM Modi for launching…

IMF: Pakistan should let market forces decide rupee’s fate The International Monetary Fund (IMF) has asked Pakistan to let market…

Stronger capesize demand pushes up baltic index The Baltic Exchange’s main sea freight index, tracking rates for ships ferrying dry…

PAKISTAN NEWS: Govt Likely to Allow Import of Used Smartphones: In a major policy shift in the telecom sector, the…

World oil prices hit over one-year low Oil prices slumped up to nearly 8 percent to the lowest in more…

Colour a key driver when GCC buyers decide on purchasing cars Colour plays an important part in the final selection…

Demonetisation ‘key step’ in formalising economy, tackling black money: Arun Jaitley defends noteban As India completes two years of demonetisation…

Remittances increase 21% to $2 bn Overseas Pakistani workers sent home 21% higher remittances amounting to $2 billion in October…

South Korea takes top spot in global ship orders South Korean shipbuilders clinched the No. 1 position in new orders…

PAKISTAN NEWS: Pakistan and Etisalat Resume Talks for Pending Payment for PTCL: Pakistan has decided to reinitiate talks with Dubai-based…

Oil falls as global supply increases Oil prices fell nearly 1 percent on Friday as global supply increased and investors…

Ease of doing business: UAE jumps 10 places to be 11th The UAE has expedited its march towards making the…

India becomes one of 8 countries to get waiver on Trump’s Iran sanctions; here’s how India has become one of…

Core inflation hits 4-year high in Oct The interest rate is bound to rise further in the next monetary policy…

Smaller ports pip major ones in cargo traffic growth, share rises to 42 percent Non-major ports are gradually eating into…

PAKISTAN NEWS: Global Mapping Giant HERE & TPL Maps to Become Technology Partners: TPL Maps (Pvt) Ltd, Pakistan’s first and…

Oil drops as Us allows Iran sanctions waivers Oil prices fell about 1 percent on Friday and notched a weekly…

French food products gaining traction in UAE Food and beverage products from France are gaining momentum in the UAE. French…

Modi-Abe summit: PM says Japan most trusted partner for India’s economic modernisation; key things in focus Ahead of India-Japan economic…

Tax cut on lpg imports turns locally produced gas expensive The government’s decision on reducing taxes on the import of…

Maritime regulator faces growing calls for a gradual rollout of clean-fuel rules International maritime regulators begin a new round of…

PAKISTAN NEWS: Huawei Launches the Midrange Y9 2019 in Pakistan: It’s that time of the year again. Huawei is bringing…

World oil prices move higher Oil prices rose on Friday, supported by expectations that sanctions on Iran would tighten global…

Skills gap? technology itself can solve it As the Fourth Industrial Revolution (4IR) sets in, there are certain concerns that…

India’s nation brand value increases 5% in 2018; US, China dominate most valuable nation brands list India lost one spot…