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Yearly Archives: 2018

Import Of Petroleum Products, LNG Likely To Rise

IMPORT OF PETROLEUM PRODUCTS, LNG LIKELY TO RISE

According to the provisional statistics of the Pakistan Bureau of Statistics (PBS), imports into Pakistan during May, 2018 amounted to Rs671,212 million (provisional) as compared to Rs589,741 million (provisional) during April, 2018 and Rs530,620 million during May, 2017 explaining a …

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World Stock Markets

World Stock Markets updates

The S&P 500 and Dow Jones Industrial Average climbed on Friday, as the Dow put to rest an eight-day losing streak with a boost from energy stocks, but losses in the technology space kept the Nasdaq in check. Exxon Mobil …

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Stock market at a glance

Stock market at a glance

Market Review The outgoing week closed at 42,337pts, down by 4.7%WoW in response to the change in Moody’s outlook of Pakistan’s B3 rating to negative. Consequently foreigners, taking a cautious stance, exhibited a net outflow of USD24.5mn. Market participation exhibited …

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Stock Watch

Stock Watch

Moody’s Negative Outlook Push Kse-100 Index Down 4.7pc WOW Summary First week after Eid holidays was a short one of 4 sessions with KSE-100 Index shedding 2,043 points to bring down the Index to 41,000 level to close on Friday …

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Stock Review

Stock Review

PSX Records Lowest Level Of 2018; Volatile Trend To Persists Continuing its volatile trend, Pakistan Stock Exchange (PSX) remained under extreme pressure during the week ended 22nd June 2018. The benchmark Index lost another 2,044 points and closed the week …

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Gulf

Gulf News

Dubai Gold Prices Drop To 6-Month Low, 22k Priced At Dh144 Gold prices posted a six-month low on Thursday, pressed down further by a firm dollar and as the US Federal Reserve Chair confirmed an outlook for higher interest rates …

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India

India News This Week

GST Formalising Economy, Widening Tax Base, Says Finance Ministry The Finance Ministry said it would be increasingly difficult for businesses to remain outside the tax net as GST is leading to formalisation of the economy. The Goods and Services Tax …

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Pakistan

Pakistan News

Govt To Go After People Hiding Assets From Sep 1,2018 The amnesty scheme provides last chance to overseas and resident Pakistanis to declare their hidden assets by June 30, 2018 as the government will come into action against those who …

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Shipping

Shipping News

Speculators Creates Waves In The Asian Bulk Carrier Market Despite the global economic recovery that is keeping shipping demand high in Asia, charter rates for large bulk carriers have been fluctuating wildly, driven by investors trading contracts for future carrier …

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Technology

Technology News

PAKISTAN: PTCL Achieves ISO Certification For Cloud Infrastructure Services Security: PTCL has become the country’s first telecom operator to achieve two ISO certifications in parallel for its cloud services ‘Infrastructure-as-a-Service’ (IaaS) offering. These are ISO/IEC 27001:2013 and ISO/IEC 27017:2015. The …

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