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Oil prices extend gains in Asia

Source: Geo News | 22-01-2014

World oil prices extended gains in Asian trade Wednesday as investors cheered the IMF´s upbeat forecast for global growth this year, which is expected to boost demand.

New York´s main contract, West Texas Intermediate (WTI) for March delivery, was up 38 cents to $95.35 in mid-morning trade, while Brent crude for March rose 33 cents to $107.06.F

WB threatens to stop funding for power sector

Source: The Nation | 25-03-2013

The World Bank (WB) might stop offering loan to the crumbling power sector of the country ostensibly due to its disagreement over the appointment of Chairman Wapda Syed Raghib Hussain Shah as Coordinator power sector, it is learnt on Sunday. Apparently perturbed over the appointment of Chairman Water and Power Development Authority (Wapda) as Coordinator ..... Read more

Prices of petroleum products: Govt wants bigger hike than suggested by Ogra

Source: Dawn News | 28-02-2013

The Oil and Gas Regulatory Authority (Ogra) has worked out an average of four per cent increase in the prices of all petroleum products with effect from Thursday midnight, but the government wants the last price surge of its tenure to be even higher. The pricing of petroleum products is turning out to be a major controversy at the fag end of the PPP gov..... Read more

US dollar gained 8pc versus rupee in 2012

Source: The Nation | 02-01-2013

During 2012, circular debt, energy shortages, security situation, fiscal deficit and IMF repayments on one hand kept investors on their toes while on the other hand lower inflation, monetary easing and resolution of capital gains tax issue led the market to see higher highs. Experts said that in spite of economic woes, heightened security envir..... Read more

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