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Pakistan, IMF talks begin in Islamabad

Source: GEO News | 20-06-2013

ISLAMABAD:Talks between Pakistan and the International Monetary Fund (IMF) have begun, Geo News reported on Wednesday.

Finance Minister Ishaq Dar is heading Pakistani delegation while Frank Jeffery leads IMF delegation.

Pakistan hopes to get three to $5 billion loan if the talks succeeded today.

Sources said that Islamabad seeks loan on easy installments and if the IMF demanded increase in gas and power tariff after every three months Pakistan would drop the plan to borrow loan.

The sources further said if Pakistan fails to get loan from IMF, it would seek letter of comfort for holding dialogue with Asian Development Bank and World Bank.

Oil prices drop

Source: Dawn News | 29-01-2013

Global oil prices fell on Monday as traders cashed in recent gains and awaited fresh economic data from the United States, analysts said. Brent North Sea crude for delivery in March slid 35 cents to $112.93 a barrel in late morning London deals.he contract had surged on Friday to $113.84 — the highest level since mid-October — on a weake..... Read more

Power generation: HUBCO to incorporate Narowal plant as a subsidiary

Source: Tribune | 01-03-2013

The Hub Power Company (Hubco) will be incorporating its thermal power generating unit at Narowal into a separate, wholly-owned subsidiary, in a move analysts welcomed as providing more transparency into the company’s business operations. The announcement was made on Wednesday, along with Hubco’s quarterly earnings release. The company did not ..... Read more

PM, Deputy PM decline to put Ogra under ministry

Source: The Nation | 19-12-2012

Prime Minister Raja Pervez Asharf and Deputy Prime Minister Pervez Elahi have turned down, in unison, Petroleum Ministry’s proposal to put independent Oil and Gas Regulatory Authority (Ogra) under its purview, reliable sources told TheNation on Tuesday. The sources in PM Secretariat told this scribe that Advisor to the PM on Petroleum & N..... Read more

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