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ECC approves monthly review of POL prices

Source: Dawn News | 15-02-2013

The Economic Coordination Committee (ECC) of the cabinet approved on Thursday for the monthly price review of POL products, DawnNews reported.

The meeting of the ECC headed by Federal Law Minister Farooq H. Naek was held in Islamabad during which the decision to approve monthly POL price review was taken.Sources added that the new prices would be enforced on the first of every month.The ministry of petroleum had sent the ECC a request for a weekly price review on POL products which was rejected by the committee.

The ministry of Petroleum had stopped the weekly price review on POL products after the Supreme Court had issued an order against it in October last year.

Investment: Smooth election likely to result in foreign capital inflows

Source: Tribune | 08-04-2013

Having abandoned Pakistan in droves after the financial crisis of 2008, foreign investors appear to be making some tentative steps back to the country. While current capital flows are still minimal, investor interest appears to be growing, a fact that any incoming administration would be able to utilise to their advantage. The fiscal year ending June 30, ..... Read more

Dollar climbs on US growth hope

Source: Geo News | 04-09-2013

TOKYO: The dollar clawed its way up in Asian trade Wednesday as upbeat US data outweighed concerns over possible military action in Syria. The greenback fetched 99.76 yen in Tokyo afternoon trade against 99.54 yen Tuesday in New York, where the US unit rose to a one-month high close to 100 yen. "The bias is on the upside, but there are selling ..... Read more

Oil prices mixed in Asia on China, Ukraine woes

Source: Geo News | 14-03-2014

Oil prices were mixed in Asian trade Friday as investors digest the implications of weaker economic data from China and keep an eye on a controversial referendum in Crimea on joining Russia. New York´s main contract, West Texas Intermediate for April delivery, eased two cents to $98.18 in mid-morning trade, while Brent North Sea crude rose 11 cents ..... Read more

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