Malaysia warns of ‘domino effect’ from US-China trade tensions

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Agencies

SINGAPORE: Trade tensions between the United States and China will trigger a “domino effect” of protectionist measures, Malaysia warned on Tuesday as Asian leaders gathered for a summit overshadowed by the tit-for-tat tariff war between Washington and Beijing. The comments by Prime Minister Mahathir Mohamad in Singapore came as China’s premier…

FBR to probe 25 aviation companies amid fraud allegations

The Federal Board of Revenue (FBR) has received reports of misappropriation in the income tax and federal excise duty by…

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Pakistan, China urged to tackle global conspiracies by trading in local currencies

Chinese economist says Pakistan’s agricultural capacity should be utilised to stimulate growth Former DG ISI affirms Pakistan is capable of…

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Pakistan risks foreign investment with threat to reopen LNG deals: Former PM

Exxon Mobil returned to Pakistan in May with an investment in an offshore drilling project. It has expressed interest in…

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OPEC warns of 2019 oil glut as demand slows, rival supply rises

LONDON: OPEC warned on Tuesday that an oil supply glut could emerge in 2019 as the world economy slows and supply…

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Late recovery helps PSX close in green

KARACHI: The Pakistan Stock Exchange (PSX), following the trend from the last trading session, started the day in red on Tuesday…

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‘Govt’s export-oriented policies will lead to speedy economic development’

PM’s advisor says second phase of Free Trade Agreement with China will be worked out till June 2019 LAHORE: The…

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Govt to introduce new petroleum policy by month end

Petroleum minister says ten new exploration blocks will be presented to national and int’l companies through open bidding ISLAMABAD: Petroleum Minister…

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KSE-100 index posts 7.8% YoY increase in profit for nine months of 2018

Profitability of KSE-100 index increased by 0.8% YoY during the third quarter of 2018

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Energy blackouts have lessened due to CPEC: Report

Gwadar Port, a major project under CPEC, is fully operational, connecting Pakistan with a broader export market from the Middle…

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Economic growth in energy-rich Gulf to recover in 2018: IMF

For oil-importing countries in MENA, growth is expected to continue at a modest pace of 4.5 percent in 2018, before…

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Pakistan’s aviation traffic projected to double in next two decades: Airbus

According to communications officer of Airbus, the global air cargo to and from Pakistan is projected to triple over the…

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Asian stocks sink after Wall Street tech sell-off

Tokyo’s Nikkei 225 lost 2.3 percent to 21,760.59 while the Shanghai Composite Index gained 0.8 percent to 2,652.70

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Gas to overtake coal as world’s second largest energy source by 2030: IEA

China, already the world’s biggest oil and coal importer, would soon become the largest importer of gas and net imports…

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China offers Pakistan to establish foot and mouth disease-free zones

Meat and meat preparation exports to overseas market rose by a meagre 2.26% to $225.646 million in the previous FY18

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