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Govt raises petrol, diesel prices

Govt raises petrol, diesel prices

ISLAMABAD: The government has increased prices of all petroleum products by up to Rs.3.50 per litre for the month of June, Finance Minister Ishaq Dar announced the price hike, saying that government would provide Rs. 6 billion subsidy on petroleum ...

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Summary sent for raise in petroleum prices

Summary sent for raise in petroleum prices

ISLAMABAD: Oil and Gas Regulatory Authority (OGRA) on Friday sent a summary to Prime Minister for approval to raise prices of petroleum products in Pakistan. According to summary, raise in prices of petroleum products is expected upto 13.96 rupees. OGRA has ...

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Punjab CNG stations to open today after seven months

Punjab CNG stations to open today after seven months

ISLAMABAD: The Compressed Natural Gas (CNG) filling stations across Punjab are set to reopen on Friday. Official said the stations would use Liquified Natural Gas (LNG) and remain open till June 6 without any break. The gas will be available for ...

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Oil prices edge up after two days of steep falls

Oil prices edge up after two days of steep falls

SINGAPORE: Crude oil prices recovered on Thursday after a two-day slide, although high U.S. stocks and strong global production, along with a firm dollar, were keeping markets under pressure. The gains followed two days of steep falls as a resurgent ...

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Asia up after Wall Street sets record high

Asia up after Wall Street sets record high

TOKYO: Asian shares rose on Friday after Wall Street set another record high with prospects for a Federal Reserve rate hike in June all but quashed, while the dollar steadied after losing ground to the euro for the first time ...

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Dollar up for third day, eyes on Fed and Greece

Dollar up for third day, eyes on Fed and Greece

LONDON: The dollar touched a three-week high against the euro before halting on Wednesday, a third day of gains adding to a growing sense the U.S. currency may be ready for another run higher after its weakest period in four ...

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China-backed AIIB founding members to meet in Singapore

China-backed AIIB founding members to meet in Singapore

SINGAPORE: Founding members of the China-backed Asian Infrastructure Investment Bank (AIIB) will hold a three-day meeting in Singapore this week to discuss operational policies for the establishment of the institution. The gathering, called the 5th chief negotiators’ meeting, will also ...

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Govt to unveil budget 2015-16 on June 5

Govt to unveil budget 2015-16 on June 5

ISLAMABAD: Minister for Finance, Senator Mohammad Ishaq Dar has formally approved presentation of federal budget 2015-16 on June 5. As customary, the Economic Survey would be launched a day earlier as on June 4. The meeting finalized calendar of budget activities ...

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Govt taking measures to resolve energy crisis Dar

Govt taking measures to resolve energy crisis  Dar

ISLAMABAD: Minister for Finance Senator Mohammad Ishaq Dar Thursday said the government was taking all possible measures to ensure energy security and sustainable development in the country. “Energy sector, which was neglected for over a decade, has been given a ...

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Oil ends down despite U.S. crude draw

Oil ends down despite U.S. crude draw

NEW YORK: Oil prices fell after initially rallying on Wednesday as worries about huge supplies weighed on the market despite a second straight week of draws in U.S. crude. Government data showed U.S. oil inventories fell 2.2 million barrels in the ...

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