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In The News

Commodity

Commodity News

World oil prices decline Oil prices edged lower on Friday due to concerns of oversupply and a strong dollar but losses were limited by expectations that the Organization of the Petroleum Exporting Countries (OPEC) and Russia would agree some form …

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Gulf

Gulf News

Unlimited VAT refunds for tourists visiting UAE Tourists visiting the UAE have a reason for joy as the government has set no minimum limit for tourists’ VAT refund, which will come into effect from Sunday, November 18. Gary Byrne, director …

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India

India News This Week

PM Narendra Modi’s infra development vision to play catalytic role in overall economic growth: Assocham Lauding PM Modi for launching landmark projects in Varanasi, industry body Assocham said expanding investment in infrastructure will generate jobs, promote tourism and play catalytic …

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Pakistan

Pakistan News

IMF: Pakistan should let market forces decide rupee’s fate The International Monetary Fund (IMF) has asked Pakistan to let market forces decide the fate of the rupee and go for a total free-float of the exchange rate, which the finance …

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Shipping

Shipping News

Stronger capesize demand pushes up baltic index The Baltic Exchange’s main sea freight index, tracking rates for ships ferrying dry bulk commodities, rose on Wednesday, buoyed by higher demand for capesize vessels. The overall index, which factors in rates for …

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Technology

Technology News

PAKISTAN NEWS: Govt Likely to Allow Import of Used Smartphones: In a major policy shift in the telecom sector, the PTI government is planning to allow import of used mobile phones in Pakistan, reliable sources quoted as saying last week..Import …

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Commodity

Commodity News

World oil prices hit over one-year low Oil prices slumped up to nearly 8 percent to the lowest in more than a year on Friday, posting the seventh consecutive weekly loss, amid intensifying fears of a supply glut even as …

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Gulf

Gulf News

Colour a key driver when GCC buyers decide on purchasing cars Colour plays an important part in the final selection process when it comes to buying a car, new research by SEMrush has revealed. The data showed that GCC consumer …

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India

India News This Week

Demonetisation ‘key step’ in formalising economy, tackling black money: Arun Jaitley defends noteban As India completes two years of demonetisation today, Finance Minister Arun Jaitley has once again come out in support of the exercise explaining how the noteban by …

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Pakistan

Pakistan News

Remittances increase 21% to $2 bn Overseas Pakistani workers sent home 21% higher remittances amounting to $2 billion in October 2018 as a historic drop in the rupee’s value attracted increased flow of remittances through official channels – banks and …

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