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Advisory Council on Foreign Affairs discusses global trends

ISLAMABAD: Advisory Council on Foreign Affairs held its maiden meeting with Foreign Minister Makhdoom Shah Mahmood Qureshi in the chair in Islamabad on Wednesday. Foreign Minister speaking on the occasion highlighted the important role of civil society, including members of the academia, in working with the state institutions for formulating an inclusive and vibrant policy with changing global trends. Welcoming members of the new advisory council, Shah Mahmood Qureshi outlined broad contours of Pakistan's foreign…

Global economy in 2019: Growth beginning to fray

American farmers have been forced to warehouse a bumper crop of soybeans, or sell at a loss, while a Midwest medical supply company is considering shipping production overseas amid growing uncertainty. Surveys of US business and consumer sentiment continued to show economic optimism going into next year but cracks are beginning to form -- in the United States and around the world -- with President Donald Trump's trade conflict the major source of concern. The International Monetary Fund is forecasting respectable…

GLOBAL LNG-Prices on downward spiral amid warm winter, high stocks

SINGAPORE: Asian spot prices for liquefied natural gas (LNG) continued their downward spiral this week, falling to a four-month low as demand from top buyers Japan and China failed to materialize amid ample inventory. Spot prices for January delivery in North Asia LNG-AS were estimated at about $9.80 per million British thermal units (mmBtu), down 20 cents from the previous week, while spot prices for cargoes delivered in February were estimated at about $9.70 to 9.80 per mmBtu, according to trade sources. The market…