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Oil prices lower ahead of key US jobs data

Source: Geo News | 05-07-2013

SINGAPORE: Oil prices dipped in Asian trade Friday as investors keep an eye on Egypt while also awaiting US jobs data that could provide a clue to when the Federal Reserve will end its massive stimulus programme, analysts said.

New York's main contract, West Texas Intermediate (WTI) light sweet crude

for delivery in August, was down 26 cents at $100.98 a barrel in morning trade, while Brent North Sea crude for August fell 14 cents to $105.40.

Consumers compelled to use inflated alternative fuel

Source: The Nation | 31-12-2012

With gas shortfall estimated at about 1.7 billion cubic feet per day (BCFD) in the country, low pressure and gas loadshedding in the twin cities have forced common citizens to utilise alternative sources of fuel at inflated prices to meet domestic purposes. The shortage of gas has created inconvenience for masses as they are facing trouble in bakin..... Read more

India has no immediate plans to raise sugar import tax: sources

Source: dawn | 08-01-2013

India has no immediate plans to raise the import tax on sugar, two government sources said on Monday, casting aside industry’s calls for raising the duty to protect mills from cheap overseas supplies when the country already has a surplus. “We have no plans to raise the duty for now but we are keeping an eye on prices, imports and p..... Read more

Trade deficit narrows by 12pc

Source: The Nation | 14-02-2013

Pakistan’s trade deficit narrowed significantly during seven months (July-January) of the ongoing fiscal year 2012-2013 due to reduction in imports and a continuous growth in exports of non-traditional items. The trade deficit shrank by 12 per cent to $11.617 billion during July to January period of the financial year 2012-2013 as against $13.209 bi..... Read more

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