In The News – Pakistan & Gulf Economist http://www.pakistaneconomist.com Pakistan's Business Financial Magazine Tue, 22 Oct 2019 10:35:54 +0000 en-US hourly 1 https://wordpress.org/?v=5.1.3 Gulf In Focus http://www.pakistaneconomist.com/2019/10/21/gulf-in-focus-42-19/ http://www.pakistaneconomist.com/2019/10/21/gulf-in-focus-42-19/#respond Sun, 20 Oct 2019 19:21:38 +0000 http://www.pakistaneconomist.com/?p=33567 GULF STATES – ECONOMICS & FINANCE Enoc opens three service stations in Sharjah Enoc Group has recently opened three service stations in Sharjah, as part of its accelerated plans to expand its retail network by 30 stations across the emirate over the next two years. Located in the densely populated areas of Al Nahda, Sharjah …

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Pakistan In Focus http://www.pakistaneconomist.com/2019/10/21/pakistan-in-focus-42-19/ http://www.pakistaneconomist.com/2019/10/21/pakistan-in-focus-42-19/#respond Sun, 20 Oct 2019 19:20:55 +0000 http://www.pakistaneconomist.com/?p=33568 ECONOMIC TIMES OF PAKISTAN Pakistan‘s C/A deficit narrows to 41-month low The current account deficit narrowed 80percent to a 41-month low at $259 million in September, but it came at the cost of country’s economic growth. The deficit stood at $1.27 billion in the same month of last year, the State Bank of Pakistan (SBP) …

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Asian Economy: Overview, Growth & Development http://www.pakistaneconomist.com/2019/10/21/asian-economy-overview-growth-development-42-19/ http://www.pakistaneconomist.com/2019/10/21/asian-economy-overview-growth-development-42-19/#respond Sun, 20 Oct 2019 19:19:29 +0000 http://www.pakistaneconomist.com/?p=33573 ASIAN ECONOMY: OVERVIEW, GROWTH & DEVELOPMENT Inflation outlook: research Inflation projections for developing Asia are revised up a notch from 2.5percent to 2.6percent in both 2019 and 2020, reflecting higher oil prices and several domestic factors. Price fluctuations for Brent crude oil continue amid various concerns affecting both supply and demand. After breaching $60/barrel in …

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Government Initiative http://www.pakistaneconomist.com/2019/10/21/government-initiative-42-19/ http://www.pakistaneconomist.com/2019/10/21/government-initiative-42-19/#respond Sun, 20 Oct 2019 19:19:28 +0000 http://www.pakistaneconomist.com/?p=33569 *PM Inaugurates ‘Kamyab Jawan Programme and met Prince William and Kate Middleton Prime minister has launched the first phase of the “Kamyab Jawan Programme” for youth of Pakistan to support them through technical and financial assistance. The Government of Pakistan believes that youth employment and economic empowerment are essential components of a strong foundation in …

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Ports & Shipping http://www.pakistaneconomist.com/2019/10/21/ports-shipping-42-19/ http://www.pakistaneconomist.com/2019/10/21/ports-shipping-42-19/#respond Sun, 20 Oct 2019 19:18:33 +0000 http://www.pakistaneconomist.com/?p=33570 WORLDWIDE SHIPPING INDUSTRY Baltic index hits one-week trough on sluggish demand The Baltic Exchange’s main sea freight index, which tracks rates for ships ferrying dry bulk commodities, fell to a one-week low on Wednesday, on weaker demand for all vessel segments. The Baltic index, which reflects rates for capesize, panamax and supramax vessels, was down …

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Technology http://www.pakistaneconomist.com/2019/10/21/technology-42-19/ http://www.pakistaneconomist.com/2019/10/21/technology-42-19/#respond Sun, 20 Oct 2019 19:17:39 +0000 http://www.pakistaneconomist.com/?p=33571 PAKISTAN NEWS: Mobile ecosystem contributes $16.7 billion to Pakistan’s economy: The mobile ecosystem in Pakistan plays an increasingly important role in economic growth, contributing around $16.7 billion (equivalent to 5.4% of GDP) according to a research report launched by the GSMA. GSMA is an international trade body of mobile network operators. It recently launched “the …

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World Commodities http://www.pakistaneconomist.com/2019/10/21/world-commodities-42-19/ http://www.pakistaneconomist.com/2019/10/21/world-commodities-42-19/#respond Sun, 20 Oct 2019 19:16:54 +0000 http://www.pakistaneconomist.com/?p=33572 WORLD COMMODITIES TRADING Russia nears 100pc compliance with oil production target Russia’s oil production inched down to 11.23 million barrels per day (bpd) in the first half of October, official Russian data showed on Wednesday, yet Moscow is still several thousand barrels above its quota under the OPEC+ production cut deal. In the first two …

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Gulf In Focus http://www.pakistaneconomist.com/2019/10/14/gulf-in-focus-41-19/ http://www.pakistaneconomist.com/2019/10/14/gulf-in-focus-41-19/#respond Sun, 13 Oct 2019 19:21:07 +0000 http://www.pakistaneconomist.com/?p=33318 GULF STATES – ECONOMICS & FINANCE UAE central bank sets early exit fee limit for mortgages The Central Bank of the UAE directed local banks to reduce the early settlement fee on mortgages to a maximum of 1 percent or Dh10,000, whichever is less, to those borrowers who want to exit their mortgages early. The …

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Pakistan In Focus http://www.pakistaneconomist.com/2019/10/14/pakistan-in-focus-41-19/ http://www.pakistaneconomist.com/2019/10/14/pakistan-in-focus-41-19/#respond Sun, 13 Oct 2019 19:20:27 +0000 http://www.pakistaneconomist.com/?p=33319 ECONOMIC TIMES OF PAKISTAN Trade deficit narrows 35pc to 5.7 bn in q1 Pakistan’s trade deficit has narrowed nearly 35percent to $5.7 billion in the first quarter due to compression of imports but the government must now start worrying about exports that are not picking up despite an Rs80-billion hit on revenues and inflicting a …

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Asian Economy: Overview, Growth & Development http://www.pakistaneconomist.com/2019/10/14/asian-economy-overview-growth-development-41-19/ http://www.pakistaneconomist.com/2019/10/14/asian-economy-overview-growth-development-41-19/#respond Sun, 13 Oct 2019 19:19:35 +0000 http://www.pakistaneconomist.com/?p=33321 Southeast Asia; a short review Data to the end of June 2019 show growth in Southeast Asia remaining robust, though slower than forecast. The subregion’s more open economies faced the combined impacts of the trade conflict and a trough in the electronics cycle, which were partly offset by strong domestic demand. Meanwhile, evidence of trade …

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