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Government Decides to cut CNG Prices by 23%

Government Decides to cut CNG Prices by 23%

Thursday, April 16, 2015 11:16

The government has decided to slash the prices Compressed Natural Gas (CNG), as Oil and Gas Regulatory Authority (OGRA) readied a working paper for 23 percent reduction, news reported on Thursday. [caption id="attachment_41042" align="alignright" width="360"] CNG Prices[/caption]...

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Punjab to Get 75% of TAPI Gas (ECC Meeting)

Punjab to Get 75% of TAPI Gas (ECC Meeting)

Monday, March 16, 2015 11:43

Three-fourths of the gas imported under the multibillion-dollar Turkmenistan-Afghanistan-Pakistan-India (Tapi) gas pipeline project will be allocated to Punjab in a bid to help it overcome severe energy shortages, the federal government decided on Saturday. [caption id="attachment_40990" align="alignnone" width="640"] TAPI Gas[/caption]...

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Gold Hits 7-week low then Pares losses After Yellen Testimony

Gold Hits 7-week low then Pares losses After Yellen Testimony

Wednesday, February 25, 2015 11:48

Gold fell to a seven-week low on Tuesday then pared losses after Federal Reserve Chair Janet Yellen said the central bank is preparing to consider interest rate hikes on a "meeting-by-meeting basis." [caption id="attachment_40883" align="alignright" width="360"] Gold[/caption] Yellen said ...

SBP to Issue Rs20 Commemorative Coin

SBP to Issue Rs20 Commemorative Coin

Thursday, January 22, 2015 12:22

The State Bank of Pakistan will issue Rs.20 commemorative coin from January 31 to mark “Pakistan-China Year of Friendly Exchange 2015”. [caption id="attachment_40732" align="alignright" width="423"] Pakistan 20rs Coin[/caption] In a press release the SBP said ...

Oil Falls to Lowest Since Spring 2009

Oil Falls to Lowest Since Spring 2009

Wednesday, January 7, 2015 12:03

[caption id="attachment_40659" align="alignright" width="353"] Oil Prices[/caption] Global oil markets on Tuesday slumped for a fourth straight session as mounting worries about a supply glut pressured crude prices, which have fallen almost 10 percent this week to their lowest ...

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New Petrol Price Stands at Rs.78.28

New Petrol Price Stands at Rs.78.28

Thursday, January 1, 2015 12:58

Concomitant with phenomenal slump in the oil prices in international markets, the government acceded to further slash the prices of petroleum products, as petrol has plummeted by Rs. 6.25 to settle at Rs.78.28 per liter, news reported on Thursday. [caption id="attachment_40621" align="alignnone" width="600"]...

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Petrol Price Down by Rs9.6 a Litre (OGRA)

Petrol Price Down by Rs9.6 a Litre (OGRA)

Monday, December 1, 2014 10:59

The Oil and Gas Regulatory Authority (OGRA), through a notification issued on Sunday, announced another hefty cut in prices of petroleum products, media reported. [caption id="attachment_40366" align="alignnone" width="596"] Petrol Price Down[/caption] The new rates will be effective for the ...

Ishaq Dar woos Investors in London for Sukuk

Ishaq Dar woos Investors in London for Sukuk

Wednesday, November 26, 2014 11:55

[caption id="attachment_40340" align="alignright" width="360"] Ishaq Dar[/caption] Finance Minister Ishaq Dar on Tuesday addressed meetings in London attended by leading investors, banks and financial institutions highlighting the Sukuk. Earlier the Pakistan team led by Ishaq Dar arrived in ...

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Govt Remains Tight-fisted in Handouts to Provinces

Govt Remains Tight-fisted in Handouts to Provinces

Sunday, November 23, 2014 11:35

The government has squeezed payments to provinces made on account of their share in federal taxes, as it transferred just 18% of the annual commitments under the National Finance Commission (NFC) Award during the first quarter of the current fiscal year. [caption id="attachment_40284" align="alignright" width="384"]...

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China Commits $45.6bn Economic Corridor with Pakistan

China Commits $45.6bn Economic Corridor with Pakistan

Saturday, November 22, 2014 11:38

The Chinese government and banks will finance Chinese companies to build $45.6 billion worth of energy and infrastructure projects in Pakistan over the next six years, according to new details of the deal seen by Reuters on Friday. [caption id="attachment_40263" align="alignnone" width="600"]...