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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.

Microsoft eyes new course as Ballmer sets retirement

Source: Geo News | 24-08-2013

SAN FRANCISCO: Microsoft chief executive Steve Ballmer announced Friday he would retire within 12 months, opening a new chapter for a company struggling to keep pace with the fast-changing tech sector. Microsoft shares leapt as much as nine percent in pre-market trade and closed up 7.3 percent at $34.76, after the surprise announcement sparked a rall..... Read more

Oil prices fall on Saudi output, eyes on Iran talks

Source: Geo News | 20-11-2013

Oil prices fell in Asia Tuesday as data showed global supplies were rising, while traders are also keeping an eye on talks between major powers and Iran over Tehran's nuclear programme, analysts said. New York's main contract, West Texas Intermediate (WTI) for December delivery, was down 13 cents at $92.90 in late morning trade while Brent North Sea crude..... Read more

Linde Pakistanâ€™s profitability expands 5% in 2012

Source: Tribune | 28-02-2013

Linde Pakistan‘s– manufacturer and distributor of industrial, medical and specialty gases – profitability grew 5% in 2012, where it reported a profit of Rs276.29 million compared to a profit of Rs262.88 million in the previous year. In its board meeting on Wednesday, the company also approved investment plans as it seeks to install ..... Read more

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