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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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Oil prices shoot higher

Oil prices shoot higher

LONDON: Global oil prices rebounded sharply Tuesday on the falling greenback, which makes dollar-priced crude cheaper for buyers using stronger currencies. US benchmark West Texas Intermediate (WTI) for June delivery jumped $1.09 to $60.34 a barrel. Brent North Sea crude ...

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Increase in loadshedding feared as circular debt rises

Increase in loadshedding feared as circular debt rises

KARACHI: The circular debt in the country’s power sector reached a new height of 600 billion rupees. An increase in loadshedding all over the country is likely due to the ugly situation of circular debt. According to PEPCO sources, K-Electric ...

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Oil falls after hitting 2015 highs

Oil falls after hitting 2015 highs

SINGAPORE: Oil prices fell on Thursday after hitting 2015 highs in the previous session as an OPEC delegate indicated the group would stick to its strategy of pursuing market share rather than cutting output and traders took profit from a ...

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Dollar struggles on soft data, sterling eyes election

Dollar struggles on soft data, sterling eyes election

SYDNEY: The dollar languished at its lowest in over two months against a basket of major currencies early on Thursday, under renewed pressure from disappointing data, while a further spike in German yields gave the euro some support. Figures on Wednesday ...

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