Novatek Plans To Launch 1st Line Of Arctic LNG 2 Plant In Q1 2023 - Project CEO
MOSCOW (UrduPoint News / Sputnik - 21st May, 2019) giant Novatek plans to put the Arctic LNG 2 plant's first line that will liquefy natural into operation in the first quarter of 2023, the project's Director-General Oleg Karpushin said on Tuesday. "Commissioning of the first line of Arctic LNG 2 is planned for the first quarter ...
Spanish companies invites for B2B, JVs with local businesses
ISLAMABAD, May 21 (APP):Secretary Commerce, Sardar Ahmad Nawaz Sukhera on Tuesday invited Spanish companies to visit Pakistan, and hold business to business meetings with Pakistani counterparts and also to setup joint ventures in Pakistan. There are huge opportunities for Spanish investors to take advantage of the Pakistani market as well as of the Chinese market after the China-Pakistan Free Trade Agreement ...
Gold price jumped by 600
Staff Reporter Islamabad According to Karachi Sarafa Association the price of 24 karat gold soared by Rs 600 on Tuesday and was traded at Rs 72,100 per tola as compared to the last closing at Rs 71,500. According to the Rawalpindi-Islamabad local Sarafa Association, the per tola price of 24-karat gold in the twin cities of Rawalpindi and Islamabad increased ...
KSE 100 Index stages modest recovery with 191-point gain
The Pakistan Stock Exchange (PSX) index closed on a positive note on Tuesday, making an intraday high of +299 and low of -398 points, closing at the 33,442 level, up 191 points. On the news front, the policy rate touched an 8-year high of 12.25 percent, up by 150 basis points (bps) on Monday as the State Bank of ...
PML-N Harmed Trade, Industry By Politicizing TDAP : Chairman BAC
PESHAWAR, (UrduPoint / Pakistan Point News - 21st May, 2019 ) :Chairman Advisory Committee of the and Former Vice President FPCCI, Muhammad Riaz Khattak Tuesday said that Trade Development Authority of (TDAP) era in PML tenure was a bleak time for community. Speaking with the officials of and , he said TDAP ...
FPCCI delegation calls PM adviser on Commerce
ISLAMABAD, May 21 (APP):A delegation from Federation of Pakistan Chamber of Commerce and Industry (FPCCI) called on the Prime Minister?s Adviser on Commerce, Textile, Industries and Production and Investment Abdul Razak Dawood. The FPCCI shared the budget proposals to enhance export growth in the country, said a press release issued by Ministry of commerce here on Tuesday. ...
WAPDA signs consultancy agreement for mohmand dam project
Observer Report Lahore The Pakistan Water and Power Development Authority (WAPDA) signed the contract agreement worth Rs.9.98 billion with a Joint Venture namely Mohmand Dam Consultants Group (MDCG) for consultancy services for construction design, construction supervision and contract management of Mohmand Dam Hydropower Project. General Manager and Project Director Mohmand Dam Hydropower Project Muhammad Javed Afridi and MDCG authorized ...
Asian markets mostly up, but Huawei row, trade war loom large
Asian markets mostly rose Tuesday but concerns about the Huawei row and broader China-US trade war kept investors on edge, with analysts warning the crisis could rumble on for some time. Zhang Ming warned: ?Chinese companies? legitimate rights and interests are being undermined, so the Chinese government will not sit idly by.? The developing crisis had a mixed impact on ...
Transneft Must Compensate Losses From Contaminated Oil Supply To Poland - Prime Minister
WARSAW (UrduPoint News / Sputnik - 21st May, 2019) The side must compensate losses the supply of contaminated to , Polish Mateusz Morawiecki said at a press briefing in on Tuesday.
Spot Rates Of Cotton (Crop 2018-19) 21 May 2019
Rate Ex-Gin Up-country Spot Rates for Expenses Ex-Karachi 37.324 8,600 160 8,760 Equivalent 40 9,217 171 9,388
Business community urged to make transactions in local currency for economic stability: FPCCI president
ISLAMABAD, May 21 (APP):Federation of Pakistan Chamber of Commerce and Industry (FPCCI), President Daroo Khan Tuesday urged the business community to show nationalist approach and proposed that they should make transactions in local rupee instead of the US dollar for stabilizing the local currency. Replying to a question, Daroo Khan said, ?We must observe the same currency crisis few ...
Asian markets mostly up
Hong Kong Asian markets mostly rose Tuesday but concerns about the Huawei row and broader China-US trade war kept investors on edge, with analysts warning the crisis could rumble on for some time. Regional investors were spooked by a sharp drop in New York’s tech-rich Nasdaq after Google said it was beginning to sever ties with the Chinese telecoms giant, days ...
OECD cuts global growth forecast as US-China tensions rise
?Governments must act urgently to reinvigorate growth that benefits all,? the Organisation for Economic Co-operation and Development said as it pared back its forecast for global growth to 3.2 percent this year from 3.3 percent earlier. ?Resolve trade disputes through increased international cooperation while fixing the international rules-based system,? said the OECD, a Paris-based forum that advises the world?s ...
Business community hails decision of not calling businessmen to NAB
Muneer, leader of the business community, Former Chief Executive TDAP and Former President FPCCI and all Office Bearers of the FPCCI have hailed the decision of Justice Javed Iqbal (r), Chairman National Accountability Bureau (NAB) that the business community would not be subjected to NAB inquiry or summoned to NAB Office. The top brass of FPCCI leadership warmly welcoming ...
Medicinal imports up by 3.54pc to $929m
According to the Pakistan Bureau of Statistics (PBS), Pakistan imported 19,183 metric tons of medicinal products during July-April (2018-2019) against imports of 18,441 metric tons during July-April (2017-2018), showing increase of 4.02 percent in term of quantity.On year-on year basis, the imports of medicinal product witnessed negative growth of 19.41 percent in April 2019, when compared to the imports ...
Pakistan’s textile exports remain flat, despite 14% rupee devaluation
Pakistan?s textile exports displayed yet another stagnant performance during April 2019, registering a 1% YoY decline to close the month at US$1.14 billion, compared to US$1.15 billion in the same month last year. Ahmad Lakhani, a reaserch analyst at local brokerage house, said despite the Pak rupee devaluation of 14% YoY during ten months FY19, there has been no ...
Oil rises on US-Iran tensions, but trade war concerns weigh
?Escalating tensions between the US and Iran, in addition to signs that OPEC will continue its production cut, drove oil higher,? said Jasper Lawler, head of research at futures brokerage London Capital Group. The tension comes amid an already tight market as the Organization of the Petroleum Exporting Countries (OPEC), Russia and other producers have been withholding supply since ...
Budget deficit jumps to record Rs1.9 trillion in just nine months
ISLAMABAD??? -?? Pakistan?s has swelled to record Rs1.9 trillion (5 percent of GDP) in just nine months due to massive increase in expenditures and shortfall in tax collection. A top official of the ministry of finance last month had said that would tough Rs2.7 trillion in the current financial year, which would be equal to 7 percent ...
Gold price jumped by 600, traded at Rs72, 100 per tola
ISLAMABAD, May 21 (APP):According to Karachi Sarafa Association the price of 24 karat gold soared by Rs 600 on Tuesday and was traded at Rs 72,100 per tola as compared to the last closing at Rs 71,500. According to the Rawalpindi-Islamabad local Sarafa Association, the per tola price of 24-karat gold in the twin cities of Rawalpindi and Islamabad ...
OECD Lowers Global GDP Growth Projections For 2019 To 3.2% From 3.3%
MOSCOW (UrduPoint News / Sputnik - 21st May, 2019) The Organisation for Economic Co-operation and Development (OECD) expects global GDP growth rate to slow down by 0.1 percent in compared to previous projections to 3.2 percent, which will be 0.3 percent less than in .
