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Railways ministry decides to cut train fares by 15-20pc

Source: Geo News | 06-10-2013

LAHORE: The ministry of railways has decided to decrease train fares by 15 to 25 percent, Geo News reported.

Federal Minister for Railways Khawaja Saad Rafiq said the notification in this regard will be issued in few days.

After the notification, train fares for AC Business class and AC Sleeper would be Rs3000 and Rs4000 from Lahore to Karachi, respectively.

Chalco 2012 suffers big net loss

Source: Aaj News | 28-03-2013

Aluminum Corp of China Ltd (Chalco) , the country’s top aluminium maker, posted a worse-than-expected net loss of 8.2 billion yuan ($1.3 billion)for 2012 on Wednesday, as it faced low aluminium prices and rising costs. Chalco had warned of a full-year loss in January in a statement to the Shanghai Stock ExchangeThe loss was far deeper than an aver..... Read more

Oil prices dip in Asia

Source: The News | 21-12-2012

Oil prices fell in Asia on Friday, with traders taking profits after a recent rally and as US politicians continue to wrangle over a deal to avert the fiscal cliff, analysts said. New York's main contract, light sweet crude for delivery in February fell 70 cents to $89.43 a barrel and Brent North Sea crude for February dropped 45 cents to $109..... Read more

Parliamentary panel wants Parco, PSO MDs arrested

Source: dawn | 10-01-2013

A parliamentary sub-committee ordered on Wednesday arrest of the managing directors of two leading energy companies — Pakistan State Oil and Pak Arab Refinery Limited — for not appearing before it to testify over a large quantity of diesel and furnace oil from a pipeline jointly owned by them. “We express serious concern and direct..... Read more

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