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In The News

Commodity

Commodity News

IRON ORE FALLS AS FUTURES PLUNGE The spot price of iron ore dropped, extending last week’s selloff, paced by a plunge in Chinese iron and steel futures. Ore with 62 percent content shed 2.5 percent to $US57.02 a ton on …

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Shipping

Shipping News

BALTIC INDEX DOWN FOR TWELFTH STRAIGHT SESSION The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, fell for a 12th straight session on Wednesday as rates fell across vessel segments. The overall index, which …

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Pakistan

Pakistan News

WORLDWIDE FIRMS COMPETE TO SET UP CONVERTER STATION IN PAKISTAN The four countries that are part of the Central Asia-South Asia (Casa) 1,000-megawatt power supply project have opened for evaluation the technical bids received from international companies interested in providing …

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India

India News This Week

RESPECT HUMAN RIGHTS, DIGNITY, NHRC TELLS BUSINESSES KOLKATA: The National Human Rights Commission (NHRC) in collaboration with the Confederation of Indian Industry (CII) organized East Regional Conference on Business Human Rights in Kolkata on Friday. The objective of the Conference, …

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Technology

Technology News

PAKISTAN: IPHONE 8 RELEASE DATE, SPECS, RUMOURS, AND PRICE: Apple has major iPhone redesign planned for 2017, the new iPhone is coming with glass body and edge-to-edge OLED display which include an integrated Touch ID fingerprint sensor and front facing the …

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Gulf

Gulf News

MASHREQ MARKS 50 GOLDEN YEAR OF SERVICE His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, and Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, attended …

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Commodity

Commodity News

EDIBLE OIL PRODUCERS WORRIED OVER 5PC GST Oilseeds will attract 5 percent tax under goods and services tax, unlike most other agricultural produce such as grains and pulses that have been exempted under the new regime that is set to …

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Shipping

Shipping News

NEWBUILDING PRICES GROWING TREND CONTINUES The slumping days of the newbuilding ordering market seem to be over. Prices have been on the climb over the past few weeks, a trend which has continued unabated during the course of the past …

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Pakistan

Pakistan News

PKR 916 MN EARMARKED FOR PRIME MINISTER OFFICE The federal government has proposed Rs916 million for the Prime Minister Office in the federal budget 2017-18, which is just 4.0 percent higher when compared with Rs881 million allocated in the outgoing …

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India

India News This Week

BANKS WRITE OFF BAD LOANS PUNE: All scheduled commercial banks (SCBs) wrote off Rs 2,25,180 crore cumulatively in the five-year period ended March 2016, the Reserve Bank of India (RBI) said in an RTI reply filed by TOI. SCBs represent …

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