In The News – Pakistan & Gulf Economist http://www.pakistaneconomist.com Pakistan's Business Financial Magazine Mon, 26 Aug 2019 07:28:35 +0000 en-US hourly 1 https://wordpress.org/?v=5.1.1 Gulf In Focus http://www.pakistaneconomist.com/2019/08/26/gulf-in-focus-34-19/ http://www.pakistaneconomist.com/2019/08/26/gulf-in-focus-34-19/#respond Sun, 25 Aug 2019 19:21:55 +0000 http://www.pakistaneconomist.com/?p=31703 GULF STATES| ECONOMICS & FINANCE Phone scam warning for UAE residents Scammers and fraudsters have become bolder and are now using scare tactics to extract money from unsuspecting people. Many gullible residents have lost hundreds of thousands of dirhams, authorities said. Phone fraudsters now call people directly or send them a WhatsApp message to tell …

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India In Focus http://www.pakistaneconomist.com/2019/08/26/india-in-focus-34-19/ http://www.pakistaneconomist.com/2019/08/26/india-in-focus-34-19/#respond Sun, 25 Aug 2019 19:20:06 +0000 http://www.pakistaneconomist.com/?p=31704 INDIAN ECONOMY: OVERVIEW, GROWTH & DEVELOPMENT Govt withdraws surcharge on long, short term capital gains Union Finance Minister Nirmala Sitharaman is addressing a press conference amid concerns over the on-going economic slowdown in the country. This development came after Moody’s Investors Service on Friday cut India’s GDP growth forecast for 2019 calendar year to 6.2 …

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Pakistan In Focus http://www.pakistaneconomist.com/2019/08/26/pakistan-in-focus-34-19/ http://www.pakistaneconomist.com/2019/08/26/pakistan-in-focus-34-19/#respond Sun, 25 Aug 2019 19:19:20 +0000 http://www.pakistaneconomist.com/?p=31705 ECONOMIC TIMES OF PAKISTAN Conditions eased for solar panel import The government has relaxed some conditions for an extended period in a bid to clear and release hundreds of containers carrying solar panels and related equipment stuck at the port. The matter of delay in release of containers holding solar panels and related equipment was …

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Ports & Shipping http://www.pakistaneconomist.com/2019/08/26/ports-shipping-34-19/ http://www.pakistaneconomist.com/2019/08/26/ports-shipping-34-19/#respond Sun, 25 Aug 2019 19:18:07 +0000 http://www.pakistaneconomist.com/?p=31709 WORLDWIDE SHIPPING INDUSTRY US seaports record surging volumes on back of robust economy Many US sea ports achieved record or near-record cargo volumes in the first half of this year, building on the high benchmark set in 2018 for import and export volumes, thanks to an expanding and resilient US economy. Port Authority of New …

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Technology http://www.pakistaneconomist.com/2019/08/26/technology-34-19/ http://www.pakistaneconomist.com/2019/08/26/technology-34-19/#respond Sun, 25 Aug 2019 19:17:20 +0000 http://www.pakistaneconomist.com/?p=31710 PAKISTAN NEWS: Zong Achieves 1Gbps Speed on its 5G Network in Pakistan: Zong showcased its 5G network to the world at an event that was attended by Mr. Shoaib Ahmed Siddiqui, Secretary Information Technology and Telecommunication Division, Maj. Gen. (Retd) Amir Azeem Bajwa, Chairman PTA and Dr. Wang Zhihua, Economic & Commercial Counselor, Chinese Embassy, …

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World Commodities http://www.pakistaneconomist.com/2019/08/26/world-commodities-34-19/ http://www.pakistaneconomist.com/2019/08/26/world-commodities-34-19/#respond Sun, 25 Aug 2019 19:16:29 +0000 http://www.pakistaneconomist.com/?p=31711 WORLD COMMODITIES TRADING Oil prices fall as Us-China trade war escalates Oil prices fell on Friday after China unveiled retaliatory tariffs against about $75 billion worth of US goods including crude oil, another escalation of a protracted trade dispute between the world’s two largest economies. Brent crude futures fell 58 cents, or 1%, to settle …

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Gulf In Focus http://www.pakistaneconomist.com/2019/08/19/gulf-in-focus-32-33-19/ http://www.pakistaneconomist.com/2019/08/19/gulf-in-focus-32-33-19/#respond Sun, 18 Aug 2019 19:21:37 +0000 http://www.pakistaneconomist.com/?p=31352 GULF STATES – ECONOMICS & FINANCE Guests from UAE and Saudi Arabia dominate hotel eid bookings UAE residents and visitors from Saudi Arabia are dominating hotel bookings across the UAE, as the country prepares for the long Eid break, hospitality experts revealed. Speaking to source, many hotel and travel officials noted that Dubai remained a …

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India In Focus http://www.pakistaneconomist.com/2019/08/19/india-in-focus-32-33-19/ http://www.pakistaneconomist.com/2019/08/19/india-in-focus-32-33-19/#respond Sun, 18 Aug 2019 19:20:31 +0000 http://www.pakistaneconomist.com/?p=31353 INDIAN ECONOMY: OVERVIEW, GROWTH & DEVELOPMENT Auto industry unanimous on its demand for gst cut to 18pc The auto industry says all stakeholders have unanimously sought a reduction in Goods and Services Tax (GST) to 18 percent from 28 percent due to a major slowdown in the sector. Rajan Wadhera, President, Society of Indian Automobile …

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Pakistan In Focus http://www.pakistaneconomist.com/2019/08/19/pakistan-in-focus-32-33-19/ http://www.pakistaneconomist.com/2019/08/19/pakistan-in-focus-32-33-19/#respond Sun, 18 Aug 2019 19:19:39 +0000 http://www.pakistaneconomist.com/?p=31354 ECONOMIC TIMES OF PAKISTAN FBR recovers just $6mn from OECD treasure trove Despite high priority of Prime Minister Imran Khan, the government could dispose of just 19 cases and recovered a paltry sum of Rs883 million ($6 million) out of total 57,450 cases worth $7.5 billion referred by the Organisation for Economic Cooperation and Development …

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Ports & Shipping http://www.pakistaneconomist.com/2019/08/19/ports-shipping-32-33-19/ http://www.pakistaneconomist.com/2019/08/19/ports-shipping-32-33-19/#respond Sun, 18 Aug 2019 19:18:08 +0000 http://www.pakistaneconomist.com/?p=31364 WORLDWIDE SHIPPING INDUSTRY Baltic index slides for twelfth session on sluggish demand The Baltic Exchange’s main sea freight index extended its decline for a twelfth session in a row on Wednesday, reaching its weakest level in more than a month, hurt by a softer demand for the capesize segment. The Baltic index, which tracks rates …

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