In The News

Government to provide forex for CPEC debt repayment The government of Pakistan is legally bound to ensure the provision of foreign currency for debt repayment to Chinese financial institutions by investors of power plants set up under the China-Pakistan Economic …

Container market improving, but still shaky A less than convincing performance in the Asia to Mediterranean headhaul market and a sharp fall in Turkish imports have dulled westbound growth prospects. After a flat second quarter, westbound Asia to Mediterranean volumes …

PAKISTAN NEWS: E-Commerce in Pakistan witnesses a rapid growth of 94pc: According to a report released by the State Bank of Pakistan, Pakistan’s e-commerce sales have witnessed a sharp rise of 93.7 percent in 2018. The main reason behind the …

What’s in store for OPEC in 2019? OPEC has come through some turbulent times in the last few years as oil prices fell to decade lows. It has implemented production cuts, has rallied Russia to climb onboard the production cut …

ADNOC awards Austria’s OMV 5% stake The Abu Dhabi government and the Abu Dhabi National Oil Company (Adnoc) have awarded Austria’s OMV a five per cent stake in the Ghasha ultra-sour gas concession that comprises the Hail, Ghasha, Dalma, Nasr, …

Indian farmers get $9bn loan relief ahead of elections Three newly elected Indian state governments have waived up to $8.6 billion in farm loans in a bid by Rahul Gandhi´s main opposition Congress party to boost support ahead of 2019 …

No transmission lines for solar, wind energy plants The investors engaged in setting up solar and wind power plants are facing a tough time as there are no transmission lines that can supply the electricity generated through renewable resources. According …

Korean shipyards almost sweep LNG ship orders South Korean shipbuilders have bagged over 80 percent of new orders placed around the globe this year to build liquefied natural gas carriers, according to industry data on Tuesday. According to the data, …

PAKISTAN NEWS: Microsoft launches all in one office app for Windows 10: Microsoft is making its MS Office suite more accessible and easy to use for Windows users by launching a standalone Office app. The new app will replace the …

World oil prices tumble Oil prices fell on Friday to their lowest since the third quarter of 2017, heading for losses of more than 11 percent in a week, as global oversupply kept buyers away from the market ahead of …