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Yearly Archives: 2017

Foreign exchange reserves: An overview

Foreign exchange reserves: An overview

Foreign exchange reserves are significant assets of any country because they are importantly affected by exchange rate policy, regulations, monetary policy, external unrest and the impact of the shortages that may come from the economic environment of any state. Without …

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World Stock Markets

World Stock Markets updates

Wall street at record on increasing hopes of tax overhaul Wall Street major indexes scaled new heights on Friday, with all the major sectors pushing higher as the long-awaited bill to lower corporate tax rates enters the final stretch. The …

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Stock Review

Stock Review

Key supreme court rulings and declining forex reserves drag market lower The week ended on 15th December 2017 witnessed the benchmark index of Pakistan Stock Exchange (PSX) declining by 1.11%WoW to close at 38,646 points. Average daily traded volume decreased …

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Gulf

Gulf News

Saudi king approves $19 billion of economic stimulus steps The Custodian of the Two Holy Mosques, King Salman bin Abdulaziz of Saudi Arabia, issued a royal decree approving 72 billion riyals ($19.2 billion) worth of measures to stimulate growth in …

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India

India News This Week

Rajkot oilseeds complex open- December 14, 2017 Rajkot Oilseed Complex Open- December 14 * Edible oil prices were mixed in the early trades. * Groundnut oil prices improved due to restricted selling from oil mills. * Cottonseed oil firmed up …

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Pakistan

Pakistan News

Trade deficit widens 29pc to $15bn, pressure on reserves to persist Pakistan’s trade deficit widened to $15 billion in the first five months of fiscal year 2018, suggesting that International Monetary Fund’s (IMF) apprehensions over the external sector are not …

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Shipping

Shipping News

Largest automated container terminal in Shanghai China started trial operations of the world’s biggest automated container terminal, the Shanghai Yangshan Deep Water Port, in eastern China, on Sunday (Dec 10), Chinese official media reported. Located at the south of Donghai …

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Technology

Technology News

PAKISTAN Zong 4g partners with careem to offer free rides and exclusive discounts: Zong 4G has announced its partnership with Careem to bring free rides and exclusive discounts for its customers, we have checked. Under this partnership, all new customers …

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Commodity

Commodity News

World oil prices soar Oil prices rose on Thursday as a pipeline outage in Britain continued to support prices despite forecasts showing global crude surplus in the beginning of next year. US West Texas Intermediate futures settled up 44 cents, …

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