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Oil prices down in Asian trade

Source: Geo News | 30-01-2014

Oil prices eased in Asian trade Wednesday on expectations of an increase in US inventories, and as traders await a Federal Reserve decision on the future of stimulus programme.

New York´s main contract, West Texas Intermediate (WTI) for March delivery, eased 23 cents to $97.18 in mid-morning trade while Brent North Sea crude for March was down one cent at $107.40.

Poor tax collection: FBR, finance ministry shift blame on to each other

Source: Tribune | 28-03-2013

As criticism mounts over inability of the Federal Board of Revenue (FBR) to meet targets, tax authorities have defended their performance and instead held the finance ministry responsible for making inaccurate assumptions at the time of presentation of budget. FBR Chairman Ali Arshad Hakeem faced embarrassment on Tuesday when the finance ministry told Pri..... Read more

KSE index surges by 260 points

Source: The News | 18-01-2013

Karachi Stock Exchange (KSE) welcomed the peaceful settlement resulting in the end of Islamabad D chowk sit-in and went on trading this morning in a jolly good mood. KSE-100 index during the trading Friday morning was seen surged at 16,552 points, up by 260. The market was upbeat with the start of the business as the investors went on buying blu..... Read more

NEPRA notifies relief for power consumers

Source: Geo News | 02-12-2013

National Electric Power Regulatory Authority (NEPRA) has issued a notification regarding provision of relief to power consumers after a review of the previous fiscal year's fuel price adjustment. According to the notification, the regulatory authority has decided to reduce the price of power used in July 2012 by 86 paisa per unit, 58 paisa per unit in Aug..... Read more

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