In The News

Early exit from FATF grey list improbable Pakistan is unlikely to have an easy exit from the Financial Action Task Force (FATF) grey list, as the provisional assessment reveals that Islamabad is fully or partially non-compliant with 28 out of …

Strong Asian tanker market in q4 A strong Asian tanker market is expected in the fourth quarter with visible signs of a recovery after being under acute supply pressure for most part of the year, participants said. In the dirty …

PAKISTAN NEWS Paypal Service promotion in Pakistan likely: Finance Minister Asad Umar stressed that Pakistan needs a reliable online payment gateway in order to promote the needs of the country’s IT and e-commerce sector. To this end, the Finance Minister …

Oil rises on surging demand in China Oil prices rose on Friday on signs of surging demand in China, the world’s No. 2 oil consumer, although prices were headed for a second weekly decline on swelling US inventories and concern …

Abu Dhabi to host major global healthcare congress starting 2019 Abu Dhabi will be hosting a major annual healthcare event starting from next year, as part of strategies to promote the UAE capital into a world-class healthcare hub, authorities said. …

Huge loss! natural disasters cost India $79.5 billion in economic losses in last 20 years: UN With global environmental organizations constantly warning dire consequences of climate change, a study released by the UN Office for Disaster Risk Reduction has revealed …

IMF projects inflation rate to hit 14pc by June The International Monetary Fund (IMF) has projected that the average inflation rate in Pakistan might hit 14% by June next year – a level that if reached could result in interest …

US to be big winner of new IMO shipping rules The United States is set to be the big winner from new marine fuel rules, trading house Gunvor Group quoted as saying on Wednesday, while rival merchants said the world …

PAKISTAN NEWS: mycart.pk Named ‘Best Online Grocery’ at 13th Consumer Choice Awards: mycart.pk, the leading Pakistani grocery store, has been honored with the Best Online Grocery Store award at the 13th Consumer Choice Awards 2018. The event was held in …

Oil turns lower as weaker demand outlook weighs Oil prices gave back early gains and turned lower on Friday after the International Energy Agency (IEA) deemed supply adequate and the outlook for demand weakening, sinking even as equities rebounded from …