The Supreme Court of Pakistan ordered on Wednesday for amendments to be made in the declaration made by the Finance Ministry for increase of sales tax on POL products.A three-member bench of the Supreme Court led by Chief Justice Iftikhar Muhammad Chaudhry resumed the hearing of suo motu notice ...

LONDON - World oil prices finished on a high note on geopolitical worries in Syria, having begun the week on the back foot following news of strong OPEC oil output, US shale production forecasts and Chinese demand fears.Other commodities were dented somewhat by weak Chinese data and after the World ...

ISLAMABAD - AHMAD AHMADANI - The PML-N’s newly elected government has increased GST (general sales tax), which can hike the prices of essential commodities. The prices of petrol, CNG and many items of daily use have, in fact, already been raised on the very second day to the presentation of ...

Lahore- Focus on investment in energy solutions, incentives to improve export and enforcement of law and order top the proposals put forward by the Rice Exporters Association of Pakistan for budget 2013-14. “Lowering of markup rate to 6 per cent for exports inline with regional ...

LAHORE : Power loadshedding has further pushed up prices of generators by 40 per cent to 55 per cent over the last one month. A variety of generators, including those which run on gas and diesel, are available in the market. Gas generators are high in demand because of their low running costs as ...

LONDON : World oil prices gained on Wednesday ahead of key economic releases from the US, including weekly energy stockpiles data set to provide further clues over the state of crude demand. Brent North Sea crude for delivery in July climbed 31 cents to stand at $103.55 a barrel in London. NY's ...

LONDON :-Oil prices rebounded slightly on Monday following sharp losses before the weekend that had been caused by weak demand concerns following OPEC's decision to maintain its crude output ceiling.Brent North Sea crude for delivery in July rose 48 cents to $100.87 a barrel in London midday deals. ...

The Federal Government has approved to change petroleum prices on Friday which will be effective from Friday midnight (June 1).The prices of petrol will be increased by Rs2.18/litre, light diesel by 7 paisas per litre and HOBC by 84 paisas per litre.Prices of high speed diesel will be decreased up ...

Lahore- The recently proposed 5 per cent withholding tax on automobile industry will not only shoot up the prices of different models of cars by thousands of rupees but also cause further decline in the sales of automobiles, warned the automobile assemblers representatives’ body.Director ...

LONDON  - Global oil prices fell on Wednesday after Federal Reserve chairman Ben Bernanke Chairman indicated that the US central bank was in no hurry to end its loose monetary policy stance. Traders meanwhile shrugged off news that US crude inventories dipped slightly last week. Brent North ...

LONDON : World oil prices fell on Tuesday as traders looked ahead to the latest thoughts of Federal Reserve chief on the outlook for the US economy. Brent North Sea crude for delivery in July dropped 53 cents to $104.27 a barrel in approaching midday in London. New York's main contract, light sweet ...

London - World oil prices slid on Monday as investors locked in profits from last week's gains that were made on the back of positive US consumer sentiment data, analysts said. Brent North Sea crude for delivery in July dropped 51 cents to $104.13 a barrel in London midday deals. New York's main ...

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 ...

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 ...

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 ...

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 ...

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. ...

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 ...

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, ...

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 ...

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 ...

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 ...

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 ...

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 ...

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, ...

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 ...

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 ...

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 ...

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 ...

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 ...