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POL prices feared to go up from Oct. 1

Source: Geo News | 23-09-2013

ISLAMABAD: The government will drop yet another price-hike bomb on the citizens by increasing the prices of petroleum products from October 1.

Sources told Geo News that the prices of petrol, oil and lubricants are likely to go up in view of the rising international POL prices effective October 1.

It is feared that petrol would go costlier by Rs4.00 per litre, kerosene by Rs2.50 per litre, while diesel and light diesel by Rs2.00 each.

Sources further said that the crude price in international market has shot up by 5 percent from $111 to $114 per barrel.

Mounting circular debt to worsen power crisis

Source: The Nation | 11-04-2013

With the start of hot summer, mounting circular debt might force some power plants to shut down their operation of electricity generation in upcoming days, worsening load-shedding crisis across the country. Reliable sources in water & power ministry disclosed that Pakistan Electric Power Company (Pepco) has to pay Rs 480 billion to fuel and power sup..... Read more

Pak-Korean trade has great potential to increase

Source: The Nation | 25-03-2013

South Korean Ambassador to Pakistan Choi Choongju has said that the bilateral trade between Pakistan and his country, which is currently of $1.6 billion, has a great potential to increase manifolds. The ambassador was speaking at a reception hosted by Pak-Korean Friendship Society’s President Sajjad Afzal Cheema here in connection with 30th annivers..... Read more

Oil prices fall in Asia

Source: The News | 20-12-2012

Oil prices dipped in Asia Thursday with traders growing jittery as Democrats and Republicans remain locked in a stalemate over a deal to resolve the US fiscal cliff, analysts said. New York's main contract, light sweet crude for delivery in February dropped 40 cents to $89.58 a barrel and Brent North Sea crude for February dipped 34 cents to..... Read more

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