In The News

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 …

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, …

PAKISTAN NEWS: Telenor Pakistan gets ready to bring 5G to Pakistan: Telenor Pakistan and its network partners have geared up to make the network 5G ready, said a statement issued by the company moments ago.5G is the fifth-generation cellular network …

WORLD COMMODITIES TRADING OPEC sees bearish oil outlook for rest of 2019 OPEC delivered a downbeat oil market outlook for the rest of 2019 on Friday as economic growth slows and highlighted challenges in 2020 as rivals pump more, building …

GULF STATES| ECONOMICS & FINANCE Loans get cheaper in UAE The Central Bank of the UAE on Wednesday said that it was cutting interest rates applied on the issuance of certificates of deposits starting from Thursday, immediately following the US …

INDIAN ECONOMY: OVERVIEW, GROWTH & DEVELOPMENT SBI share price falls over 3percent post q1 earnings State Babk of India stock fell 3.20percent on Friday to day’s low of Rs 307.20 after the public sector bank logged a lower than expected …

ECONOMIC TIMES OF PAKISTAN PKR stable against $ The rupee remained stable against the dollar at Rs159.5/160 in the inter-bank market on Friday compared with Thursday’s close of Rs159.5/160, according to forex.pk. Earlier, the SBP let the rupee depreciate massively …

WORLDWIDE SHIPPING INDUSTRY Weak iron-ore shipping demand drags down Baltic index The Baltic Exchange’s main sea freight index fell for a seventh straight session, as demand for shipping iron-ore fell in the Atlantic. The Baltic index, which tracks rates for …

PAKISTAN NEWS: PTCL supports NIC Karachi on graduation of its first cohort of startups: PTCL is proud to support the startups incubated at National Incubation Center (NIC), Karachi at a special graduation ceremony for their first cohort of startups at …

WORLD COMMODITIES TRADING World oil prices spring back after heavy slump Oil prices gained about 3% on Friday a day after recording their biggest daily drop in several years on US President Donald Trump’s vow to impose more tariffs on …

GULF STATES| ECONOMICS & FINANCE UAE, Saudi non-oil sector key to reignite me growth The non-oil sector of the UAE and Saudi Arabia is expected to a play key role in generating economic growth and employment in the Middle East …

INDIAN ECONOMY: OVERVIEW, GROWTH & DEVELOPMENT PMO ‘unaware’ of implications of sovereign debt is a specious argument As both the finance ministry and former finance secretary Subhash Chandra Garg stay mum on what led to his exit from the North …