Oil rose in Asian trade Friday on expectations the US economy saw robust growth in the final quarter of 2011, analysts said, while tensions between the West and Iran also supported prices. New York's main contract, West ...

Pakistan's liquid foreign reserves slipped by $ 101 million to more than $ 16.802 billion on January 20,2012. According to SBP spokesman here Thursday, the foreign reserveswith SBP dropped to $ 12.553 billion while the net foreign reservesheld by banks improved to about $ 4.249 billion....

Oil prices dipped after news that the IEA had cut its estimate for demand growth in 2012. Oil prices dipped Wednesday in light trade, reversing earlier gains as traders digested news that the International Energy Agency had cut its estimate for demand growth in 2012, traders said....

The industrial units in Faisalabad remained shut for 28th consecutive day today as a result of suspension of gas supply, Media News reported. Sui Gas authorities had disconnected the gas supply to ...

Oil prices climbed in Asian trade Tuesday on fresh worries over tension between Western powers and major producer Iran. New York's main contract, West Texas Intermediate crude for delivery in February, gained 89 cents to $99.59 in morning trade....

China and Saudi Arabia also signed cooperation agreement for peaceful use of nuclear energy. China signed energy deals with its top oil provider Saudi Arabia on Sunday as its Premier Wen Jiabao visited the kingdom with tension over Iran s nuclear programme sparking fears of major oil supply ...

Oil prices rose in Asian trade Thursday as concerns over supply disruptions in Iran and Nigeria outweighed figures showing weak US energy demand, analysts said. New York's main contract, West Texas Intermediate crude for delivery in February ...

Malaysia Airlines on Monday ceased its operations from Pakistan – a decision that will affect a significant number of Pakistani students, tourists and business people who frequently travel to Malaysia and Australia through the  airline....

Oil prices slipped after the US government reported an unexpected increase in crude supplies and a 7 percent drop in petroleum demand. Natural gas prices also dropped as supplies remained well above the 5-year average....

Trading Corporation of Pakistan (TCP) here Wednesday signed a commercial agreement for supply of 200,000 MT Urea with Saudi Arabia Basic Industries Corporation (SABIC). According to an official press release, the agreement ...