Petroleum prices likely to go up

ISLAMABAD: The government is likely to raise up to Rs5 per litre prices of petroleum products for the month of March. According to finance ministry sources, price of petrol is likely to go up by Rs3.90/litre; high speed diesel Rs.5 and light speed diesel by Rs.2.50. The per litre price of kerosene oil is likely مزید پڑھیں

Euro firm as markets pin hopes on Greek debt deal

TOKYO: The euro held firm in early Asian trade on Wednesday, as investors stuck to hopes that Greece will find common ground with its euro zone partners and avoid a chaotic exit from the currency union. The euro traded at $1.1411, turning positive on the week as it recovers from a low of $1.13195 hit مزید پڑھیں

Euro firm as markets pin hopes on Greek debt deal

TOKYO: The euro held firm in early Asian trade on Wednesday, as investors stuck to hopes that Greece will find common ground with its euro zone partners and avoid a chaotic exit from the currency union. The euro traded at $1.1411, turning positive on the week as it recovers from a low of $1.13195 hit مزید پڑھیں

Pakistan, India fail to resume Kashmir trade

MUZAFFARABAD: Pakistani and Indian officials have failed to reach agreement on the resumption of trade across their de facto border in the disputed territory of Kashmir. Trade was suspended after Indian authorities Friday detained a Pakistani truck driver accused of drug trafficking. Barter trade across the de facto border began in 2008 as part of مزید پڑھیں

Western powers say Libya risks bankruptcy as oil output, prices fall

ROME: The United States and five of its European allies on Saturday warned that Libya could face bankruptcy if its oil output and prices on international markets continue to fall. In a statement voicing alarm at the deteriorating security situation in the conflict-wracked North African state, the allies also warned that Libya was on the مزید پڑھیں

Oil climbs, Brent posts best two weeks since 1998

NEW YORK: Oil rallied again on Friday, with benchmark Brent crude having its largest two-week gain in 17 years, as falling oil rig counts and violence in producer Libya helped further stall a selloff that began in June. Crude prices have risen nearly 20 percent over the past six sessions, but remain about 50 percent مزید پڑھیں

Oil slips after four-day rally

SINGAPORE: Oil prices fell on Wednesday as renewed concerns over global demand and high stock levels halted a rally that pushed up prices by about 19 percent over the past four sessions. The recent rebound was driven by hopes that prices may have hit a bottom after a seven-month rout slashed oil futures by nearly مزید پڑھیں

PM announces cut in petrol price to Rs70.29/litre

LAHORE: Prime Minister Nawaz Sharif on Saturday announced significant reduction in domestic prices of various petroleum products in the wake of falling international prices. Talking to media here, he said that the federal government has decided to cut petrol price by Rs7.99 a litre to Rs70.29. PM Sharif said that high octane prices have been مزید پڑھیں

Banks asked to increase private sector lending

KARACHI: Governor State Bank Ashraf Mahmood Wathra has stressed upon the banks to focus on private sector lending and deposit mobilization. In this context he said that the average spread of all banks continue to remain high and should be reasonably rationalized. “SBP shall review the position by the end of June 2015 and may مزید پڑھیں