Saturday, November 27, 2021 19:34

‘Business’ News

Subscribe to RSS feed
Oil Prices Down in Asian Trade

Oil Prices Down in Asian Trade

Monday, November 17, 2014 13:15

Oil prices slipped in Asia Monday but losses were limited by speculation that the OPEC cartel would be forced to cut output to prevent further big losses, analysts said. [caption id="attachment_40227" align="alignright" width="283"] Oil Prices Down[/caption]...

State Bank of Pakistan Cuts Discount Rate by 50 Basis Points

State Bank of Pakistan Cuts Discount Rate by 50 Basis Points

Sunday, November 16, 2014 12:22

[caption id="attachment_40202" align="alignright" width="360"] State Bank of Pakistan[/caption] State Bank of Pakistan (SBP) Saturday reduced its key discount rate to 9.5 percent from 10.0 percent, news reported. According to a statement issued, the decision ...

Talks with IMF Successful Even as Reforms hit Snag (Dubai)

Talks with IMF Successful Even as Reforms hit Snag (Dubai)

Sunday, November 9, 2014 11:34

Despite the country’s relatively poor show in core areas of the $6.6-billion Extended Fund Facility, the International Monetary Fund (IMF) and Pakistan were able to conclude the Dubai round of their talks successfully, paving the way for the release of $1.1 billion in December. [caption id="attachment_40069" align="alignnone" width="576"]...

Tagged with: ,
PC Offers to Sweeten the Pot for OGDCL Employees

PC Offers to Sweeten the Pot for OGDCL Employees

Saturday, November 8, 2014 10:59

[caption id="attachment_40040" align="alignright" width="384"] OGDCL Employees[/caption] As the opposition continues to voice its reservations against the ongoing transaction that will see the government sell 10% of its stake in the Oil and Gas Development Company Limited (OGDCL), the ...

Government Cuts Fuel Prices to Stave off Pressure

Government Cuts Fuel Prices to Stave off Pressure

Saturday, November 1, 2014 11:18

In a bid to stave off mounting political and economic pressure, the federal government on Friday resorted to one of the oldest tricks in the book by introducing hefty fuel price cuts. [caption id="attachment_39963" align="alignnone" width="592"] Fuel Prices[/caption] The hastily ...

Up to Rs14.83/ltr Cut in Petroleum Prices Proposed

Up to Rs14.83/ltr Cut in Petroleum Prices Proposed

Thursday, October 30, 2014 11:10

[caption id="attachment_39942" align="alignright" width="266"] Petroleum Prices[/caption] Following Samaa TV’s ‘high-octane’ campaign against the petroleum prices, that have been on fire since a while now, Oil & Gas Regulatory Authority (OGRA) has been forced to consider a relief to ...

Pakistan - Iran Agree to Find Middle Ground

Pakistan – Iran Agree to Find Middle Ground

Thursday, October 30, 2014 10:43

Pakistan and Iran authorities, in a meeting held in Tehran on Tuesday, have reached an understanding to look for a middle ground to implement the Iran-Pakistan (IP) gas pipeline project amid threats of possible sanctions by the US. [caption id="attachment_39927" align="alignright" width="384"]...

Islamic Bond Market Set to Grow (Experts Report)

Islamic Bond Market Set to Grow (Experts Report)

Wednesday, October 29, 2014 10:50

Investments in Islamic bonds known as "sukuk" are set to grow worldwide as financial centres vie to tap an increasing appetite for Muslim-friendly debt, experts and officials said Tuesday. [caption id="attachment_39911" align="alignnone" width="600"] Islamic Bonds[/caption] The global value of outstanding ...

A Hefty Cut in Fuel Prices in The Offing (Relief for Consumers)

A Hefty Cut in Fuel Prices in The Offing (Relief for Consumers)

Monday, October 27, 2014 11:17

Pakistani consumers should expect a hefty cut in fuel prices as global oil prices continue to plummet following a boom in US shale oil production. [caption id="attachment_39847" align="alignright" width="338"] Fuel Prices[/caption] A decrease of up to Rs8 per ...

China 20 Other Countries Initiate New Asian Bank

China 20 Other Countries Initiate New Asian Bank

Saturday, October 25, 2014 11:06

Twenty-one Asian nations have signed on to a China-driven initiative to create a new development bank for Asia that’s aimed at boosting infrastructure investment of all kinds. [caption id="attachment_39777" align="alignright" width="384"] New Asian Bank[/caption] Beijing sees ...

Tagged with: ,