In The News – Pakistan & Gulf Economist http://www.pakistaneconomist.com Pakistan's Business Financial Magazine Sat, 16 Feb 2019 17:10:56 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.9 Gulf In Focus http://www.pakistaneconomist.com/2019/02/11/gulf-in-focus-6-19/ http://www.pakistaneconomist.com/2019/02/11/gulf-in-focus-6-19/#respond Sun, 10 Feb 2019 19:21:39 +0000 http://www.pakistaneconomist.com/?p=25292 Etihad, Royal Jordanian ink new codeshare deal Etihad Airways and Royal Jordanian have announced a new codeshare partnership which will provide their customers with greater access to key leisure and business destinations in North Africa, Europe, Canada, Asia and Australia. The codeshare flights opened for sale on Thursday, with the first travel date on February …

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India In Focus http://www.pakistaneconomist.com/2019/02/11/india-in-focus-6-19/ http://www.pakistaneconomist.com/2019/02/11/india-in-focus-6-19/#respond Sun, 10 Feb 2019 19:20:36 +0000 http://www.pakistaneconomist.com/?p=25294 RBI fines Rs 1 crore on SBI State Bank of India on Thursday said that the Reserve Bank of India has slapped Rs 1 crore penalty on the country’s largest lender for violating norms. RBI “in exercise of powers conferred under Section 47 A of the Banking Regulation Act, 1949 has levied a penalty of …

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Pakistan In Focus http://www.pakistaneconomist.com/2019/02/11/pakistan-in-focus-6-19/ http://www.pakistaneconomist.com/2019/02/11/pakistan-in-focus-6-19/#respond Sun, 10 Feb 2019 19:19:33 +0000 http://www.pakistaneconomist.com/?p=25296 Punjab to organize 6-8 new industrial zones The Punjab government is striving to extend maximum facilities to promote local industry and provide all services under one roof to steer the ease of doing business in the province. “I will be visiting all chambers of commerce of Punjab to get feedback and recommendations on tariffs, taxation …

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Ports & Shipping http://www.pakistaneconomist.com/2019/02/11/ports-shipping-6-19/ http://www.pakistaneconomist.com/2019/02/11/ports-shipping-6-19/#respond Sun, 10 Feb 2019 19:18:02 +0000 http://www.pakistaneconomist.com/?p=25298 Global container freight market bearish as lunar new year hits Sentiment in the container freight market has turned largely bearish as the shutters have come down on Chinese industry for the New Year celebrations, but this was while largely expected, the magnitude of the rate decline is a key concern. Freight rates along major head-hauls …

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Technology http://www.pakistaneconomist.com/2019/02/11/technology-6-19/ http://www.pakistaneconomist.com/2019/02/11/technology-6-19/#respond Sun, 10 Feb 2019 19:17:25 +0000 http://www.pakistaneconomist.com/?p=25300 PAKISTAN NEWS: PTA & ICANN Hold a Workshop on DNS Abuse and Misuse: Pakistan Telecommunication Authority (PTA), in collaboration with Internet Corporation for Assigned Names and Numbers (ICANN), organized a workshop on “Domain Name System (DNS) Abuse and Misuse” at PTA Headquarters Islamabad, to build capacity and skills of senior technical officials from PTA, telecom …

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World Commodities http://www.pakistaneconomist.com/2019/02/11/world-commodities-6-19/ http://www.pakistaneconomist.com/2019/02/11/world-commodities-6-19/#respond Sun, 10 Feb 2019 19:16:00 +0000 http://www.pakistaneconomist.com/?p=25301 World oil futures move higher Oil futures edged higher on Friday but ended the week with a loss on renewed concerns about slowing global demand and after the dollar posted its best week in six months. The market was relatively quiet on Friday, with volume of 575,000 contracts, short of the 200-day average of 597,000 …

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Gulf In Focus http://www.pakistaneconomist.com/2019/02/04/gulf-in-focus-5-19/ http://www.pakistaneconomist.com/2019/02/04/gulf-in-focus-5-19/#respond Sun, 03 Feb 2019 19:21:50 +0000 http://www.pakistaneconomist.com/?p=25083 Free zones lift UAE non-oil trade by 2.5% to dh1.2 trillion The UAE’s non-oil foreign trade grew 2.5 percent to Dh1.2 trillion in the first nine months of 2018 as compared to Dh1.17 trillion during the same period in 2017. This was driven by increased trading activity from companies based in free zones, according to …

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India In Focus http://www.pakistaneconomist.com/2019/02/04/india-in-focus-5-19/ http://www.pakistaneconomist.com/2019/02/04/india-in-focus-5-19/#respond Sun, 03 Feb 2019 19:20:34 +0000 http://www.pakistaneconomist.com/?p=25085 Air India remains a knotty problem What started as a massive exercise to privatize the loss-making state-run carrier Air India, ended up with the government stuck infusing more taxpayers’ money into the debt-ridden airline. Going ahead, sources say it is unlikely that the government will stop infusing capital. Air India has had some long-standing problems …

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Pakistan In Focus http://www.pakistaneconomist.com/2019/02/04/pakistan-in-focus-5-19/ http://www.pakistaneconomist.com/2019/02/04/pakistan-in-focus-5-19/#respond Sun, 03 Feb 2019 19:19:56 +0000 http://www.pakistaneconomist.com/?p=25087 Inflation hits highest in 4 and 1/2 years The inflation reading spiked 7.2percent in January, hitting the highest level in nearly four and a half years in the wake of increase in prices of utilities, medicines and an expansionary fiscal policy, reported the Pakistan Bureau of Statistics (PBS) on Friday. The cost of every notable …

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Ports & Shipping http://www.pakistaneconomist.com/2019/02/04/ports-shipping-5-19/ http://www.pakistaneconomist.com/2019/02/04/ports-shipping-5-19/#respond Sun, 03 Feb 2019 19:18:36 +0000 http://www.pakistaneconomist.com/?p=25089 Asia resumes Iran oil imports at lowered rates Asian imports of Iranian crude oil have just started to return but at sharply lower levels as top customers China, India, Japan and South Korea press for additional US sanctions relief when their waivers expire in May. Imports by South Korea, Japan and India have been slashed …

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