ISLAMABAD: The National Assembly has been informed that the government is providing subsidy on petroleum products by not passing the full impact of international price increase to the consumers to provide them oil on reasonable prices. Parliamentary Secretary for petroleum Chaudhry Ejaz Virk informed the House during question hour that the government is subsidizing high [...]
Continue reading...Sunday, July 20, 2008
ISLAMABAD: Prime Minister Syed Yousuf Raza Gilani has approved the hike in POL prices and the summary has been sent to Oil and Gas Regulatory Authority (OGRA), sources said. After the increase in POL prices, the price of petrol will be hiked by Rs 10.97 per liter, Kerosene Oil by Rs. 8.20 while the price [...]
Continue reading...Thursday, May 22, 2008
SBP increases discount and bank interest The benchmark KSE 100-Index shed 347 points to close at 13627 speculations about stringent economic measures by the central bank triggered selling in banking and insurance stocks. Share prices at the Karachi stock exchange fell more than 2 percent, as the market remained jittery on expectations of a discount rate [...]
Continue reading...Wednesday, May 21, 2008
KARACHI: Oil prices hit a record hitting up 130.05 dollars a barrel on Wednesday. The unprecedented soaring oil prices are due to the prevailing anxiety about stretched supplies in the face of strong demand for energy, and the downward trend of dollar in the international currency market, said the traders. Karachi Stock Exchange gained 71 points [...]
Continue reading...Sunday, May 18, 2008
The world’s financial experts have placed Pakistan on a list of 36 countries that face a serious food crisis, warning that if the situation worsens people may raid storage facilities for food. Like rest of the world Pakistan is also facing food crisis, and it has two sides; one is unavailability of edibles and second [...]
Continue reading...Saturday, May 17, 2008
ISLAMABAD: Federal government decided on Thursday to keep Petroleum prices unchanged for at least coming 15 days. The Initial proposal was prepared by the ministry of finance in light of the picture drawn by Oil and gas regulatory authority. The summary had proposed a hike of at least 3 rupees across the board in high [...]
Continue reading...Friday, May 16, 2008
KARACHI: The price of oil rocketed to a record high point of 127.43 dollars per barrel on Friday, as US President George W. Bush prepared to urge Saudi Arabia to pump more crude, analysts said. New York’s main oil futures contract, light sweet crude for June delivery, beat the previous all-time peak of 126.98 set [...]
Continue reading...Friday, May 9, 2008
Oil prices soared to a record high toppling 126 dollars on Friday. According to economic experts, the oil price was driven by speculative interest amid concerns about tight global energy supplies. Popularity: 4% [?]
Continue reading...Wednesday, May 7, 2008
By Azhar Masood Are we heading towards a bipolar world without Ideological Diversity but only clash of economic interests I think after cold war and dismemberment of the Soviet Union in late 80s a realization is surfacing at important capitals ,”No More Unipolar World”. This realizations though still lacks sufficient international diplomatic support but after seeing [...]
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Friday, September 5, 2008
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