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Topic: Prices

DRA directed not to increase prices of medicines

ISLAMABAD : The Ministry of National Health Services‚ Regulations and Coordination has directed Drug Regulatory Agency of Pakistan not to increase rates of pharmaceutical drugs. In a statement‚ the ministry said no increase in the prices of pharmaceutical drugs and other related items ...

global oil prices extend gains
May 18, 2013

Global oil prices extend gains

LONDON - World oil prices rose further Friday on talk of a potential scaling back of US stimulus measures and despite a stronger dollar making crude more expensive for holders of rival currencies, analysts said. Brent North Sea crude for delivery in July grew 69 cents to $104.47 a barrel in London ...

Oil prices extend losses before US energy report

LONDON -Global oil prices slid on Wednesday as traders awaited the latest inventories report from leading world consumer the United States. In London early afternoon deals, Brent North Sea crude for delivery in June dipped 32 cents to $102.28 a barrel.New York's main contract, West Texas ...

Oil prices dip as IEA predicts plentiful shale supply

LONDON  - Crude prices fell on Tuesday after the International Energy Agency declared that booming oil output in North America, driven by the shale energy revolution, has created a global "supply shock" that is reshaping the industry. In London early afternoon deals, Brent North Sea crude for ...

oil prices slip strong dollar
May 14, 2013

Oil prices slip on strong dollar

LONDON : Global oil prices fell on Monday as renewed dollar strength weakened demand, dealers said. Traders also digested comments from key OPEC member Iran, who hinted at lower output to compensate for falling oil prices. Brent North Sea crude for delivery in June sank $1.16 to $102.75 a barrel. ...

oil prices fall sharply
May 11, 2013

World oil prices fall sharply

London - Global oil prices recoiled on Friday on profit-taking and as the dollar surged to a four-year high point against the yen, dealers said. Markets are awaiting the US federal budget figures for April, a speech from Federal Reserve chief Ben Bernanke, and a two-day Group of Seven finance ...

oil prices weaken us energy update
May 09, 2013

Oil prices weaken before US energy update

LONDON  - Global oil prices edged lower on Wednesday in cautious trading before publication of the latest inventories report in the United States.Brent North Sea crude for delivery in June dropped 54 cents to $103.86 per barrel in London early afternoon deals. New York’s main contract, ...

Elections 2013 fail to have an impact on property prices

Lahore - After 5 years of stagnant market, several high-end areas of Pakistan real estate sector recorded incredible hikes in 2012. According to Data released by Zameen.com, the General Election 2013 failed to bring the property rates down in most of the posh developments in Pakistan. The portal ...

oil prices fall profit
May 08, 2013

Oil prices fall on profit-taking

london - Global oil prices fell on Tuesday as dealers took profits after a recent rally on robust US jobs data and rising tensions in the Middle East, analysts said.Brent North Sea crude for delivery in June dropped 28 cents to $105.18 a barrel in London midday deals. New York’s main ...

Commodity prices hit by weak global outlook

london - Global commodity markets were hit this week by weaker-than-expected manufacturing data in key consumers China and the United States, and news of record high unemployment in the eurozone, but many prices rebounded following the ECB interest rate cut and upbeat US non-farm payrolls ...

oil prices firm ecb inspired rally
May 04, 2013

World oil prices firm after ECB-inspired rally

LONDON : World oil prices held firm on Friday as investors locked in profits after a strong rally following the European Central Bank's decision to cut interest rates, and at the end of a rollercoaster week that was mostly driven by global economic data, analysts said. The market was also buoyed by ...

Oil prices rebound on bargain hunting

LONDON - Oil prices rebounded Thursday on bargain hunting following sharp falls the previous day, but analysts said markets would continue to be weighed down by signs of weaker demand for crude. Brent North Sea crude for delivery in June rose 75 cents to $100.70 a barrel approaching midday in ...

oil prices drop weak chinese data
May 02, 2013

Oil prices drop on weak Chinese data

LONDON - World oil prices slid Wednesday on weak Chinese and US economic data and ahead of the latest weekly snapshot of energy inventories in the United States. Brent North Sea crude for delivery in June fell 80 cents to stand at $101.57 a barrel in London midday deals. New York's main contract, ...

PEW concerned over receding gold, silver prices

ISLAMABAD  -  The Pakistan Economy Watch (PEW) on Wednesday expressed concern over receding gold and silver prices, terming it a sign of shrinking economic activity on the global scale. Contracting economic activity is because of incoherent policies of western banks causing falling ...

oil prices slip
May 01, 2013

Oil prices slip

london - World oil prices fell on Tuesday in cautious trade as investors sat on their hands before key interest rate decisions later this week in the eurozone and the US.Brent North Sea crude for delivery in June dropped seven cents to $103.74 per barrel in early afternoon deals in London.New ...

litre relief pol prices
May 01, 2013

Up to Rs8.46 per litre relief in POL prices

Islamabad - Following the global downward trend in oil prices, the caretaker government on Tuesday passed on partial relief to the consumers by slashing oil prices up to Rs8.46 per litre, which would be effective from today.A senior official of petroleum ministry said that Ogra had moved a summary ...

ogra recommends cut pol prices
April 30, 2013

Ogra recommends cut in POL prices

ISLAMABAD - Prices of petroleum products are set to sink with the start of May as a cut up to Rs8.46/litre is likely to be announced, sources said on Monday. The sources also disclosed that Oil and Gas Regulatory Authority (OGRA) has not despatched a summary in this regard as it could not finalise ...

ogra proposes decrease pol prices
April 30, 2013

Ogra proposes decrease in POL prices

ISLAMABA : The Oil and Gas Regulatory Authority (OGRA) on Monday sent a summary seeking decrease in the prices of petroleum products to the Petroleum Ministry, a private tv news channel reported.  According to report if the summary is approved the prices of petroleum products will be slashed ...

ogra proposes decrease pol prices
April 29, 2013, 3:36 pm

OGRA proposes decrease in POL prices

The Oil and Gas Regulatory Authority (OGRA) on Monday sent a summary seeking decrease in the price of petroleum products to the Petroleum Ministry.If the summary is approved the price of petroleum products will be slashed on May1.According to the details, the price of petrol will come down by ...

oil prices edge 101 75 barrel
April 26, 2013

World oil prices edge higher to $101.75/barrel

LONDON: World oil prices rose slightly on Thursday, buoyed by a lower-than-expected gain in US crude stockpiles and hopes of an interest rate cut by the European Central Bank (ECB), analysts said.Brent North Sea crude for delivery in June added two cents to $101.75 a barrel in London early ...

oil prices rally weekly us stocks report
April 25, 2013

Oil prices rally on weekly US stocks report

LONDON : World oil prices rose sharply on Wednesday as traders set aside demand concerns after a raft of weak global economic data, and digested the latest update on American energy stockpiles, analysts said. Brent North Sea crude for delivery in June jumped $1.31 to $101.62 per barrel in late ...

oil prices slide
April 24, 2013

Oil prices slide

LONDON - World oil prices sank on Tuesday after another batch of disappointing economic data fuelled demand concerns in top global energy consumer China, analysts said.Brent North Sea crude for delivery in June dropped 72 cents to $99.67 a barrel in London early afternoon deals. New York’s ...

kse gains 41 74 cement prices
April 24, 2013

KSE gains 41.74 points over higher cement prices

karachi - Pakistan stocks closed higher in the quarter end earning announcement session at KSE led by second and third tier stocks on strong valuations.At local equity market benchmark KSE-100 share index posted fresh gain of 41.74 points or 0.22 percent to end the day at 18,647.29 points compared ...

oil prices rise bargain hunting
April 23, 2013

Oil prices rise on bargain hunting

LONDON - Oil prices rose Monday as bargain-hunters moved in following a price plunge last week that has prompted speculation about a possible cut to OPEC output, as investors waited for fresh economic data from China, analysts said.Brent North Sea crude for delivery in June gained 79 cents to ...

omcs cut pol prices
April 22, 2013

OMCs may cut POL prices

ISLAMABAD - Viewing the downward trend in the international oil market, country’s Oil Marketing Companies (OMCs) are likely to slash the prices of POL up to Rs4/litre with the start of upcoming month of May, sources said on Sunday.Good news for consumers of petroleum products (POL) already ...

cement prices rs 50 bag
April 21, 2013

Cement prices likely to go up by Rs 50 per bag

lahore -  salman abduhu -  The recent surge in transportation cost for both cement and coal would notably increase freight costs for the local manufacturers and analysts are expecting an increase of 50 rupees in the price of 50kg cement bag.Though cement industry will pass on this rise to ...

oil prices rebound
April 19, 2013

Oil prices rebound

LONDON - World oil prices rebounded on Thursday as traders hunted for bargains after sharp falls caused by concerns over slowing Chinese economic growth and weak energy demand, analysts said.  Brent North Sea crude for delivery in June jumped $1.08 to trade at $98.77 a barrel in London midday ...

oil prices slip us energy report
April 18, 2013

Oil prices slip before US energy report

LONDON :  Global oil prices drifted lower on Wednesday, mirroring losses on European stock markets, as traders awaited the weekly report on inventories in top crude consumer the United States. Brent North Sea crude for delivery in June slid 57 cents to $99.34 per barrel approaching midday in ...

oil ghee prices cut rs 7 at usc
April 17, 2013

Oil, ghee prices cut by up to Rs 7 at USC

ISLAMABAD - The Utility Stores Corporation of Pakistan (USC) has reduced utility ghee and cooking oil prices by Rs.3 to Rs.7 per kg at its all outlets across the country for the relief of the people. The prices of one kg pouch utility ghee has reduced by Rs.3 per kg as it came down from Rs. 138 ...

record decline rs 3 000 gold prices
April 16, 2013

Record decline of Rs 3,000 in gold prices

KARACHI : All Sindh Sarafa Association recorded a Rs 3000 drop in gold prices per tola on Monday, bringing the price of gold to Rs 53,500 per tola. This is the biggest ever fall in gold prices to be recorded in one day. The price of gold in the international markets is also facing a two year low, ...

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