BALTIC INDEX DOWN FOR THIRD STRAIGHT DAY The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry…
Browsing: In The News
NEC APPROVES PKR 2.5TR FOR DEVELOPMENT OUTLAY The National Economic Council (NEC) on Friday approved the new financial year’s economic…
GST IMPACT ON SERVICES AND PRODUCTS SRINAGAR: Telephone bills, insurance and banking services, business-class air travel and sale of newspaper…
PAKISTAN: IPHONE 8 COULD FEATURE A HORIZONTAL EDGE-TO-EDGE DISPLAY – AIRPODS COULD BE BUNDLED: The iPhone 8 might be using…
BUDGET DEFICIT OF SAUDI ARABIA Riyadh, Dubai: Saudi Arabia’s first-quarter deficit narrowed on higher oil revenue, boosting the government’s efforts…
WORLD OIL TO RISE FASTER, US OUTPUT TO HIT A RECORD The Energy Information Administration (EIA) said last week, US…
GLOBAL’S DIRTIEST FUEL SEEN HOLDING OUT EVEN AS SHIPS CLEAN UP Even as the owners of ships carrying everything from…
TO HELP PAKISTAN RISE EXPORTS, THESE CIVIL SERVANTS WILL MAKE UP TO RS120,000 MORE The government has decided to hand…
RICE BASMATI, WHEAT WEAKEN ON REDUCED OFF TAKE New Delhi : Rice basmati and wheat prices fell by up to…
PAKISTAN: ZONG ENTERS INTO STRATEGIC PARTNERSHIP WITH UBL: Zong has entered into a strategic partnership with United Bank Limited. The…
UAE’S NEW PROJECTS After weathering the turbulence caused by low oil prices, the UAE has managed a soft landing with…
GOLD LOGS LOWEST END IN A MONTH Gold prices closed on Wednesday at their lowest level in about a month,…
BALTIC INDEX DOWN FOR 11TH STRAIGHT SESSION The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry…
RUPEE STABLE AGAINST DOLLAR: KAMAL The rupee remained stable against the dollar at 104.4/104.6 in the inter-bank market on Friday…
LPG PRODUCTION New Delhi: The government is eyeing close to Rs 30,000-crore investment for expansion of LPG production and distribution…
PAKISTAN: PTA INVITED APPLICATION FROM INTERESTED IN ESTABLISHING AN ELECTRONIC PLATTFORM: Pakistan Telecommunication Authority ( PTA ) has invited application…
DUBAI WEEK IN CHINA Dubai: The annual “Dubai week in China” will take place this year in Shenzhen, considered one…
EDIBLE OIL PRODUCERS TO CUT PRICES BY 15PC In a major relief for consumers, edible oil producers are looking to…
BALTIC DOWN ON WEAKER PANAMAX, SMALLER VESSEL RATES The Baltic Exchange’s main sea freight index, tracking rates for ships carrying…
PETROL, DIESEL RATES LIKELY TO BE CUT BY RS1/LITRE Consumers of petrol and diesel are likely to get relief as…
BAD CORPORATE DEBT New Delhi: The recent arrest of Vijay Mallya highlighted the problem of bad loans in India, but…
PAKISTAN: PTA INVITED APPLICATION FROM INTERESTED IN ESTABLISHING AN ELECTRONIC PLATTFORM: Pakistan Telecommunication Authority ( PTA ) has invited application…
RISING OIL PRICES Dubai: World oil market is expected to see a partial recovery in 2017 and 2018 in light…
GOLD, SILVER RECORD LOWER Gold and silver prices on the Multi Commodity Exchange (MCX) were trading lower in early trade…
DRY BULK MARKET SPRINGS A SURPRISE – BUT SWEATS ON SLOWER 2ND HALF Maritime Strategies International (MSI), a leading independent…
RUPEE GAINS AGAINST DOLLAR The rupee strengthened against the dollar at 104.5/104.7 in the inter-bank market on Friday compared to…
NEW BANK NOTE OF DENOMINATED OF RS200 India’s supreme banking authority, the Reserve Bank of India (RBI), has cleared a…
PAKISTAN: GOOGLE SAYS IT WOULD COST TOO MUCH TO GATHER WAGE GAP DATA: The department of labor will keep bothering Google…
OIL PULLS BACK AS TRADERS EYE CUSHING BUILD, U.S. CRUDE SUPPLY Oil futures fell on Wednesday, pulling back after eight…
GCC TO KEEP PACE WITH FED’S TIGHTENING POLICY The gcc’s monetary policy of keeping up with the Joneses is firmly…
ASIA FUEL OIL-SPREADS FLIP TO CONTANGO AS AMPLE SUPPLIES OVERCOME BULLISH IMPETUS The near-dated market structure of 380-cst fuel oil…
TENDER FOR NEW POLICE UNIFORM GIVEN IN ACCORDANCE WITH PPRA RULES: LHC SAID The Lahore High Court was informed on…
DAILY REVISION OF PETROL PRICES NEW DELHI: State-run fuel retailers will revise petrol and diesel prices daily in five cities…
PAKISTAN: IPHONE 8 RELEASE DATE, SPECS, RUMOURS, AND PRICE: Apple has major iPhone redesign planned for 2017, the new iPhone…
PROTECTIONISM TO HIT GLOBAL ECONOMY-WARNS UAE Economic openness and free markets have been an incentive for the growth of economies,…
OIL PRODUCTION VITAL FIGURES IN MARCH 2017 In February, OPEC remained largely compliant with the production cuts, with OPEC 12…
BALTIC INDEX POSTS BIGGEST DAILY PERCENTAGE DECLINE IN 2 MONTHS The Baltic Exchange’s main sea freight index, tracking rates for…
CONSUMERS TO FACE ENERGY OUTAGES IN RAMAZAN Pakistan Muslim League-Nawaz (PML-N)’s much-trumpeted election agenda was to eliminate energy shortages from…
INDIAN FERTILIZER COMPANIES CONCERN OVER 20 PERCENT CUT OF SUBSIDIES MUMBAI: Indian fertilizer companies will soon raise potash prices after…
PAKISTAN FIA ARRESTS THREE IN SOCIAL MEDIA BLASPHEMY CASE: The Federal Investigation Agency (FIA) on Friday arrested three individuals in…
39,000 TOYOTA CARS IN UAE MAY HAVE AIRBAG TROUBLE Al Futtaim Motors, the exclusive distributor of Toyota in the UAE…
OIL FALLS AFTER THREE-DAY RALLY Oil prices fell on Friday after a three-day rally ran out of steam due to…
BALTIC INDEX TOUCHES OVER 2-YEAR HIGH The Baltic Exchange’s main sea freight index, which tracks rates for dry-bulk carriers, hit…
WEEK-ON-WEEK: SPI FALL 0.19PC The Sensitive Price Indicator (SPI) for the week ended March 30, 2017 registered a decrease of…
REVENUE FALLS DUE TO TARIFF WAR AMONG TELECOM OPERATORS NEW DELHI: The government has taken cognisance of the fall in…
PAKISTAN: GSMA CALLS ON PAKISTAN GOVERNMENT TO UNLOCK ITS DIGITAL FUTURE: The GSMA today set out a number of measures…
FED RATE HIKE POSITIVE FOR GCC The impact of the Federal Reserve’s rate rise will be broadly positive for the…
US APPROVES TRANSCANADA KEYSTONE XL PIPELINE US President Donald Trump’s administration approved TransCanada Corp’s Keystone XL pipeline on Friday, cheering…
DRY BULK CAPESIZE RATES TO REMAIN FIRM Freight rates for large capesize dry cargo vessels on key Asian routes, which…
PUNJAB GOVT TO SLAP BAN ON IMPORT OF TYRE SCRAP Punjab Minister of Industries, Commerce and Investment Sheikh Alauddin has…
US BANS DRUG PRODUCTION SITE IN INDIA MUMBAI- U.S. health regulators have banned a drug production site in India belonging…
A FEW GOOGLE HOME OWNERS ALREADY HAVE BLUETOOTH ENABLED: At Google I/O 2017, the company proclaimed that it is working…
VAT TO AFFECT BANKS The UAE and GCC banks that are facing increased regulatory burden from Basel III capital requirements…
OIL PRICES SOAR AFTER DROP IN US STOCKPILES Crude oil prices rose on Thursday to extend gains from the previous…
BALTIC INDEX UP FOR TENTH STRAIGHT SESSION ON HIGHER CAPESIZE RATES The Baltic Exchange’s main sea freight index, tracking rates…
RELATIONS WITH PAK DEEPENING: TAJIKISTAN President of the Republic of Tajikistan Emomali Rahmon expressed his satisfaction with the strengthening and…
ANTI-DUMPING DUTY ON IMPORT OF CHEMICALS FROM CHINA, IRAN, & QATAR New Delhi: India may impose anti-dumping duty of up…
PAKISTAN: A FEW GOOGLE HOME OWNERS ALREADY HAVE BLUETOOTH ENABLED: At Google I/O 2017, the company proclaimed that it is…
TRAVEL BAN, EMIRATES BOOKING DIPS BY 35 PERCENT Emirates, the world’s largest long-haul carrier, said it was concerned President Donald…
OIL PRICES SPRING BACK Oil prices climbed on Thursday after sharp losses the session before, buoyed by strong compliance with…
CAPESIZES HEADED FOR SCRAP DESPITE MARKET REBOUND In what could only be described as a more than positive omen for…
SINDH GOVERNMENT TO LAUNCH ‘CITY BUS SERVICE’ IN KARACHI The Sindh government announced on Tuesday it was launching a City…
STEEL, CEMENT PRICES SURGING IN INDIA BENGALURU: Steel and general metals prices have gone up by around 30% each in…
PAKISTAN: A FEW GOOGLE HOME OWNERS ALREADY HAVE BLUETOOTH ENABLED: At Google I/O 2017, the company proclaimed that it is…
PROPERTY PRICES FALL IN ABU DHABI Prime and mid-prime villa values in Abu Dhabi are anticipated to fall by at…
GOLD INVESTORS GET A WAKE UP CALL AS US RATE-HIKE ODDS SURGE Gold investors are waking up to the reality…
BALTIC INDEX INCHES HIGHER The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, edged…
STATE BANK PRIORITISES TRADE WITH IRAN, SAYS GOVERNOR State Bank of Pakistan (SBP) Governor Ashraf Mahmood Wathra has said that…
DEMONETISATION AFFECTS CAR SALES CHENNAI: The withdrawal of old 500 and 1,000 rupee notes affected automobile sales in north and…
PAKISTAN: A FEW GOOGLE HOME OWNERS ALREADY HAVE BLUETOOTH ENABLED: At Google I/O 2017, the company proclaimed that it is…
GCC FOOD CONSUMPTION TO RISE The GCC is all set to witness growth in food consumption on increased consumer base…
OIL PRICES RISE AFTER DROP IN US INVENTORIES Oil prices rose on Thursday after US data showed a surprise decline…
HIGHER SHIPPING RATES PUSH BALTIC INDEX UP The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry…
OGRA SETS LPG PRICE AT RS910/CYLINDER As against the petroleum ministry recommended prices of Rs1,100 per 11.8kg LPG cylinder, the…
ECONOMIC GROWTH SLOWS DOWN India’s economy is expected to have slowed sharply to a near three-year low in the final…
PAKISTAN: A FEW GOOGLE HOME OWNERS ALREADY HAVE BLUETOOTH ENABLED: At Google I/O 2017, the company proclaimed that it is…
UAE CENTRAL BANK DIRECTS BANKS TO LEND MORE TO SMES DUBAI The Central Bank of the UAE has issued draft…
GOLD CLOSES UP AFTER CHOPPY TRADING SESSION Gold prices ended a choppy, two-sided trading session on the upside Wednesday. The…
SHANGHAI PORT STARTS 2017 WITH A 12PC SURGE China’s busiest port, Shanghai, handled 3.3 million TEU in January, a 12.2…
WORK ON 83.4MW KURRAM TANGI DAM BEGINS IN NWA The WAPDA has started work on the multi-faceted Kurram Tangi Dam…
DIGITAL WALLET COMPANIES HAVE NO FUTURE Mumbai: HDFC Bank MD Aditya Puri took a jibe at Paytm and other digital…
PAKISTAN: A FEW GOOGLE HOME OWNERS ALREADY HAVE BLUETOOTH ENABLED: At Google I/O 2017, the company proclaimed that it is…
BUDGETARY CUTS IN GCC Fitch Ratings has forecast an oil price scenario of an average $45 per barrel in 2017…
PAK-TURKISH RELATIONS TURNING INTO SUSTAINED ECONOMIC COOPERATION: CHIEF Chief Minister Muhammad Shehbaz Sharif on Friday said that Pakistan-Turkish relations were…
EUROPEAN EDIBLE OILS MARKET TO CROSS US$38BN BY 2022 The edible oils market in Europe is anticipated to cross US$38…
TANKER ORDERING ACTIVITY PICKS UP, ALBEIT AT SLOW PACE Newbuildings are still hard to come by in today’s market. However,…
ON AN AVERAGE 300 BANK EMPLOYEES SUSPENDED ANNUALLY FOR ACCOUNT FRAUDS BENGALURU: The post-demonetisation scrutiny of bank employees may have…
PAKISTAN: A FEW GOOGLE HOME OWNERS ALREADY HAVE BLUETOOTH ENABLED: At Google I/O 2017, the company proclaimed that it is…
STRONG SEASON LIFTS CRUDE OIL TANKERS From a crude oil market perspective, 2016 can be summed up as “eventful”. In…
STRONG PRIVATE SECTOR TO HELP GCC TO SAVE $165 B IN CAPITAL SPENDING GCC countries collectively can save up to…