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Oil prices slip in Asian trade
Source: Geo News | 22-08-2013

SINGAPORE: Oil prices retreated in Asian trade Thursday on easing concerns about Middle East supply, while minutes from the US Federal Reserve were unable to shed any new light on the future of its stimulus programme.

New York's main contract, West Texas Intermediate (WTI) for delivery in October, slipped two cents to $103.83 in mid-morning trade, and Brent North Sea crude for October dipped 19 cents to $109.62.

"The drop in crude oil prices could be attributed to signals of the resumption of Libyan exports," Lee Chen Hoay, investment analyst at Phillip Futures in Singapore, said in a note.

Libya's main oil terminals have been hit by strikes since late July that caused production to plummet to fewer than 330,000 barrels per day before rising again to 670,000.

According to reports, Libyan officials have said some terminals will reopen soon and more shipments could restart in the next few days.

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Source: The Nation | 15-02-2013
China major market for Pak rice Pakistan has exported a record volume of non-basmati rice (72,623 metric tons) to China worth $30 million in just one month (January 2013) of current fiscal year. “China has become a major market for Pakistani non-basmati rice. Rise in coarse rice export to China will increase the overall export volume from Pakistan”, said Chairman Rice Export..... Read more
Source: The Nation | 28-02-2013
Pakistan has not shipped wheat to Iran Pakistan is yet to ship any wheat to Iran from a one million tonne barter deal agreed last August due to government disagreements, an executive from Pakistani grain exporter Seatrade Group said. A first shipment of 100,000 tonnes was supposed to be delivered to the Iranian port of Bandar Abbas in mid-Feburary, said the executive who declined to be named.&..... Read more
Source: Tribune | 08-04-2013
Energy: Power generation capacity expected to jump 46% by 2018 After five years of unbearably long daily power outages, Pakistan’s private sector has had enough: over the next five years, they plan on investing over $14.3 billion in increasing the nation’s power production capacity by nearly 46%, and they are doing so by investing in the cheapest possible sources of electricity. According to data rele..... Read more
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