Early exit from FATF grey list improbable Pakistan is unlikely to have an easy exit from the Financial Action Task…
Browsing: In The News
Strong Asian tanker market in q4 A strong Asian tanker market is expected in the fourth quarter with visible signs…
PAKISTAN NEWS Paypal Service promotion in Pakistan likely: Finance Minister Asad Umar stressed that Pakistan needs a reliable online payment…
Oil rises on surging demand in China Oil prices rose on Friday on signs of surging demand in China, the…
Abu Dhabi to host major global healthcare congress starting 2019 Abu Dhabi will be hosting a major annual healthcare event…
Huge loss! natural disasters cost India $79.5 billion in economic losses in last 20 years: UN With global environmental organizations…
IMF projects inflation rate to hit 14pc by June The International Monetary Fund (IMF) has projected that the average inflation…
US to be big winner of new IMO shipping rules The United States is set to be the big winner…
PAKISTAN NEWS: mycart.pk Named ‘Best Online Grocery’ at 13th Consumer Choice Awards: mycart.pk, the leading Pakistani grocery store, has been…
Oil turns lower as weaker demand outlook weighs Oil prices gave back early gains and turned lower on Friday after…
Dubai shopping fest to begin from December 26 It was good news all around for shopping enthusiasts on Thursday, as…
In a trough: private sector CAPEX lowest since fy08 The share of private investments in the infrastructure sector has fallen…
CNG prices set to increase by up to Rs22.33 per kg Compressed natural gas (CNG) dealers announced on Friday that…
Asia shipping rates may firm on low-sulphur rules Freight rates in Asia may firm as some ports in the key…
PAKISTAN NEWS: Pakistan Railways to Launch Wi-Fi and Online Tracking System: Pakistan Railways will provide Wi-Fi and tracking system facility…
World oil prices mark weekly gain Crude futures steadied on Friday after climbing to four-year highs earlier this week, and…
UAE increases petrol prices for October Motorists in the UAE will have to pay more for fuel from October following…
Uzbekistan to reinforce strategic partnership with India: talks with PM Modi next week Targeting bilateral trade at $1 billion with…
PML-N paid PKR 72bn illegally to power producers: AGP The Auditor General of Pakistan (AGP) has told the new Pakistan…
Germany’s commercial shipping fleet shrinks by a third Germany, one of the world’s main maritime players, saw its commercial fleet…
PAKISTAN NEWS: Facebook misuses phone numbers intended for two-factor authentication Facebook has been using the phone numbers that you gave…
Brent crude hits 4-year high Oil prices rose more than 1 percent on Friday, with Brent climbing to a four-year…
Top UAE banks step up lending as confidence rises The 10 largest listed banks in the UAE maintained increasing levels…
Finance ministry officials to brief parliamentary panel on Ponzi scheme bill Senior finance ministry officials will brief a parliamentary committee…
Pakistan remains undecided on cancelling $400mn loan from ADB With only nine months left in closing of the project, Pakistan…
Singapore bunker fuel demand likely to rebound Singapore delivered bunker fuel demand is expected to see an uptick in September,…
PAKISTAN: Zong 4G continues its speed and network expansion momentum like an F-16: Pakistan’s Leading Data Network, Zong 4G, has…
World oil prices up, OPEC meeting in focus Oil prices were up slightly in heavy, seesaw trading on Friday, giving…
UAE banking sector tops in GCC with h1 assets surging to dh2.7t The UAE banking sector, currently undergoing a new…
Relief on inflation continues! August WPI eases to 4-month low at 4.53% Inflation based on wholesale prices eased to a…
FDI drops 35pc as investors wait for economic policy changes Foreign investors largely remained shy of driving up investments in…
Shipping rates plunge on fears of trade war impact When US President Donald Trump fired the first salvos in his…
PAKISTAN: YouTube Kids Now Lets Parents Control What Content their Children Can View: YouTube Kids has added a new feature…
Oil prices mixed on China tariff talk concerns Oil prices pulled back on Friday on concerns additional U.S. tariffs would…
Abraaj fund unit that managed $14b gets $1 bid The fund unit of the embattled private equity firm Abraaj Group,…
8.2% GDP growth an outcome of reforms like gst, liberalisation of fdi norms by Modi government, says CII The 8.2…
FATF measures assist make bank operations clean The tightening of the monitoring regime to combat terror financing and money laundering…
Tainted shipping fuel sparks calls for tighter quality control A wave of contaminated fuel that has clogged and damaged engines…
PAKISTAN: Ufone launches prepaid data roaming offer for UAE and Saudi Arabia: Keeping up to its all-time commitment of making…
World oil prices steady Oil prices were steady on Friday, with US crude slipping on weak global equity markets while…
Ample liquidity in UAE banking as deposits rise Deposits with the UAE banks increased while credit growth remained flat in…
Two years after demonetisation, over 99% banned notes back; RBI finishes verification Nearly two years after demonetisation, RBI has completed…
Week-on-week: SPI decreases 0.63pc The Sensitive Price Indicator (SPI) for the week ended August 30, 2018 registered a decrease of…
Conditions ripe for container shipping rates to spike Container spot rates are expected to lift soon on the back of…
PAKISTAN: LG unveils curved gaming monitors to compete against Samsung’s offerings: Just like Samsung did recently, LG is using its…
World oil prices slip Oil prices slipped on Friday, pressured by renewed concerns that a global trade war could dent…
Gold prices sink to 19-month low amid strong dollar Gold prices shed over one per cent on Thursday to hit…
FPIs infuse Rs 8,500-crore in capital markets in just 8 trading sessions Foreign investors have pumped in over Rs 8,500…
Circular debt of Rs1.1trillion passed on to new Govt Though the previous Pakistan Muslim League-Nawaz (PML-N) government claimed to have…
ExxonMobil offers bunkering transparency and innovation ExxonMobil has announced that it is the first to supply via an independently accredited…
PAKISTAN: Samsung is Working on a Self-Healing Oleophobic Coating for Smartphones: With the display being one of the more important…
Crude oil prices move higher Crude prices rose on Friday, but declined on the week on worries that oversupply would…
Canada dispute won’t affect oil sales: Saudi Saudi Arabia’s diplomatic dispute with Canada over its arrest of women’s rights activists…
Black money in Swiss banks: India, Switzerland discuss activation of automatic exchange of information India and Switzerland discussed the activation…
Pak in a weak position in FTA with China Although China calls Pakistan and itself iron brothers, when it comes…
Korean shipbuilders sweep orders for large LNG tankers Korean shipbuilders have swept all of the orders for 30 large liquefied…
PAKISTAN: Hisense Enters Pakistani Market With Its Locally Produced LED & Laser TVs: Chinese LED TV manufacturer, Hisense, has announced…
Crude oil rises on Iran sanctions Crude oil prices rose more than 1.0 percent on Friday as US sanctions against…
Dubai to host technology summit in October The 3TECH Summit brings together global leading experts in Artificial Intelligence, blockchain, and…
NPA crisis at Indian banks is mostly because of bad loan concentration in this one sector India’s government seems intent…
Foreign office warns against unsanctioned comments The Foreign Office has warned government functionaries against issuing unauthorised comments about the China-Pakistan…
Medium range tanker freight rates return to 2018 low Clean freight rates for Medium Range tankers have returned to 2018…
World oil prices pull back Crude futures pulled back on Friday, giving up gains from the previous session as trade…
Economic confidence rising in UAE Economic confidence in the UAE and other Middle East countries rebounded to its highest level…
GST: Tax officers in states to reach out to traders, industry bodies, msmes to list out grievances Tax officers in…
Incentives worth $1.6bn approved for new coastal refinery in Balochistan Despite opposition by different ministries, former prime minister Shahid Khaqan…
The VLCC race: US midstream companies plan to export more oil faster Since the US crude market began to grow…
PAKISTAN: Youtube’s Update Has Made It Slower on All Browsers Except Chrome: Mozilla claims that Google has made YouTube load…
World oil prices slip Oil prices fell on Friday, weighed down by a drop in the US equities market, but…
UAE welcomes china to explore investment opportunities Economy ministers of the UAE and China said the state visit opened doors…
3 times increase! Affordable healthcare allocation under PM Swasthya Suraksha Yojana tripled in Modi-era Even as Ayushman Bharat, popularly known…
Pak’s 4g broadband speed faster than India’s Despite the challenges Pakistan faces in promoting information technology and bringing more and…
Southern Chinese ports prioritize thermal coal imports; coking coal buying slows Coking coal end-users in southern China are taking a…
PAKISTAN: Moody’s Withdraws Negative Outlook Rating for Jazz: Moody’s Investors Service (Moody’s) on Thursday withdrew Pakistan Mobile Communications Limited’s (Jazz)…
Global benchmark Brent crude dips Global benchmark Brent crude dipped on Thursday as concerns about mounting supply returned after a…
Some investors want new Abraaj review Some investors in funds managed by Dubai-based Abraaj want to block the sale of…
India’s June trade deficit highest in 5 years, and this is the biggest reason India’s trade deficit widened to its…
ICCI shows concerns over high trade deficit The Islamabad Chamber of Commerce and Industry (ICCI) has shown concerns over a…
Dry bulk shipping stocks poised to jump Given all the focus on trade between the US and China, it is…
PAKISTAN: Jazz and Careem Collaborate to Provide Exciting Offers to Users: Jazz has collaborated with Careem to offer various promotions…
Oil prices manage to close higher Oil prices rose about 1 percent on Friday as strike actions in Norway and…
Dubai’s troubled Abraaj nears out-of-court settlement: Lawyer A Sharjah court has adjourned until July 11 a case involving the founder…
Piyush Goyal lauds GST council for success Union Finance Minister Piyush Goyal has lauded the Goods and Service Tax council…
FBR forcefully withdraws Rs2bn from PRA’s bank accounts In its desperate effort to come near the downward revised target, the…
Freight rates on VLCCs and Suezmazes move up Freight rates have risen over the last quarter on VLCCs and Suezmaxes.…
PAKISTAN: Gmail messages ‘read by human third parties’: Google has confirmed that private emails sent and received by Gmail users…
World oil prices mixed Oil was mixed on Friday, with short-covering pushing up US crude futures while Brent slipped on…
UAE Fuel Prices Among Lowest In The World Fuel prices in the UAE, which reached its peak this month since…
India’s Banking Zombies Pose A Problem India’s state banks are beginning to resemble the walking dead. Of 21 government-controlled lenders,…
PKR Stable Against Dollar The rupee remained stable against the dollar at Rs121.4/121.6 in the inter-bank market on Friday compared…