Allama Muhmmad Iqbal Words, without power, is mere philosophy.
Quaid-e-Azam Expect the best, Prepare for the worst...
NEPRA raises power tariffs by Rs 6.03 per unit Friday, May 4, 2012: NEPRA (National Electric Power Regulatory Authority) has once again increased the power tariff by Rs6.03 per unit; on account of fuel adjustment charges for four months from October 2011 to January 2012. The changes in the power tariff will be reflected in […]
Pakistan registers inflation at 11.3% during April Wednesday, May 3, 2012: Pakistan has been struck with high inflation due to increase in fuel prices. During the month of April the inflation rate was clocked in at 11.3 %. Sohail Ahmad, Statistics Division Secretary, said, “Consumer Price Index (CPI increased to 11.27% in April over the […]
Pakistan and India discussing possibility of fuel exports Monday, April 30, 2012: Pakistan is holding discussion with Indian, with the possibility of exporting refined fuels from its neighbour. Head of Hindustan Mittal Energy confirmed this at the inauguration of the company’s new refinery at Bhatinda located 100km from Pakistan’s border. There have been moves to […]
National Bank’s profit soars up by Rs4.65 billon Saturday, April 28, 2012: National Bank of Pakistan registered an increase in profits during the first quarter of 2012. Due to drop in drop in bad loans and increase in non-interest income the bank has bagged an additional profit of Rs4.65 billion ( or 14%). Net reversal […]
World Bank to lend Pakistan $550 million for development of education and natural gas sector Friday, April 27, 2012: Pakistan is set to receive $550 million from the World Bank in order to strengthen the education and natural gas sectors. The approvals came as a result of Pakistan’s top economic managers’ meetings with top management […]
KSE-100 Index dips 23.32 points as the week closes Karachi: Karachi Stock Exchange (KSE) observed a dipping trend after the sales of the blue-chip National Bank of Pakistan (NBP) shared a lower-than-expectation profit for the quarter ending on March 30 was announced. Against the hopes of a net profit of 5 billion rupee this quarter, […]
PSO wants power companies to buy oil on cash Thursday, April 26, 2012: Pakistan State Oil (PSO) has decided to stop the supply of oil to power companies on credit basis as the amount due is set to cross the Rs200 billion mark. The Ministry of Petroleum and Natural Resources has asked the Ministry of […]
Oil Prices go down in Asia Impacted by the larger than expected rise in the US crude inventories, the oil prices in Asia has significantly gone down. New York’s main contract, light sweet crude for delivery in June, fell 10 cents to $104.02 per barrel. Brent North Sea crude for June delivery shed 20 cents […]
Pakistan look for alternatives as Russia crumbles to rising pressure from USA Wednesday, April 25, 2012: Pakistan government is searching for alternatives to finance the $1.5 billion Iran-Pakistan (IP) gas pipeline as hopes for funding from Russia fade in the face of mounting pressure from the US to stop the project. A similar situation was […]
Sindh Government to revise lease rate for wind power projects Tuesday, April 24, 2012: Lease rate of land in Sindh for wind power projects is estimated to be increased from 5 to 10 percent in a revised policy for land utilisation. Currently, Sindh is revising the land utilisation policy in order to facilitate investors and […]
Pakistan State Oil profits plunge by 3% Monday, April 23, 2012: Pakistan State Oil (PSO) profits took a dive by 3% and now stand at Rs8.97 billion. The reason behind the decline in profits in the first nine months of fiscal year 2012 is being accredited to increase in tax rate. The government’s cut in […]
Wal-Mart, the biggest corporate entity in the US in consumer business, is about to come under tight scrutiny of the US Department of Justice. The company has been accused of alleged bribery in the Mexican division, in a US-based newspaper article. The DOJ has been urged to take a notice of the situation under Foreign […]
