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Oil prices down in Asian trade

Source: Geo News | 03-09-2013

SINGAPORE: Oil prices eased in Asian trade Tuesday on receding fears of an immediate US intervention in Syria but upbeat global economic data capped losses, analysts said.

New York's main contract, West Texas Intermediate for delivery in October,

was down $1.01 at $106.64, while Brent North Sea crude for October shed 19

cents to $114.14.

Dilapidated foreign reserves may further erode

Source: The Nation | 05-04-2013

Pakistan’s foreign exchange reserves have declined to $12.202 billion on March 29, which would further reduce in the last quarter (April to June) of the ongoing financial year 2012-13 mainly due to the repayment to the International Monetary Fund (IMF). The foreign exchange reserves held by the central bank stood at $7.128 billion and commercial ban..... Read more

Exports to China surge over 200% in five years

Source: Tribune | 07-02-2013

Pakistan’s exports to China rose 219% in the last five years from 2007-08 to 2011-12, far higher than the 43% increase in imports, says Commerce Minister Makhdoom Amin Fahim, indicating a reduction in trade deficit with Beijing. In a written reply to a question from Muhammad Talha Mehmood in the Senate on Wednesday, Fahim stressed that shipments to ..... Read more

First private hydropower IPP starts production

Source: The Nation | 26-03-2013

Pakistan’s first private hydropower IPP established by Hub Power Company (Hubco) has commenced commercial operations. An announcement here on Monday said that Pakistan and AJK’s first private Independent Power Producer (IPP) Laraib Energy Limited, the 84MW New Hydropower Project has commenced commercial operations on March 23. The project wi..... Read more

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