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Saudi GDP falls for first time since financial crisis as oil output cut

Saudi Arabia’s Gross Domestic Product (GDP) shrank from a year earlier in the first quarter of 2017 for the first time since the global financial crisis, but the private sector strengthened gradually, official data showed on Friday. GDP, adjusted for inflation, shrank 0.5 per cent year-on-year between January and March, …

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EcoStar gifts a 55” LED TV to all winning Players of Cricket Team

Islamabad: (Parliament Times) In order to celebrate Pakistan’s glorious victory in the Champion’s Trophy, EcoStar has announced to gift 55” LED TV set to all players of our National Cricket team. The CEO of EcoStar Farooq Naseem said, “Pakistani cricket now stands for youth, courage and passion. If we manage …

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UBL Funds achieves the biggest Public Offering

Islamabad: (Parliament Times) UBL Fund Managers Limited (UBL Funds), pioneer for unique Fund-of-Funds products, celebrates the successful closing of its latest Islamic Active Allocation Plan – the Al-Ameen Islamic Active Allocation Plan-VIII (AIActAP-VIII), a Plan under Al-Ameen Islamic Financial Planning Fund – II (A Shariah Compliant Fund of Funds Scheme) …

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Oil production grows by 3pc

KARACHI: Oil production went up three per cent in the first 11 months of 2016-17 to 88,022 barrels per day (bpd) while gas production remained almost static at 3.901 million cubic feet per day (mmcfd). Oil production by Oil and Gas Development Company (OGDC), Pakistan Oilfields (POL) and Pakistan Petroleum …

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