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World Bank forecasts rise in oil prices
Washington: The World Bank has nudged up its 2015 forecast for crude oil prices from $53 per barrel in April…
Ogra completes quorum after two years
Islamabad: Facing legal and regulatory challenges in the petroleum sector, the government on Thursday inducted member finance in the Oil…
Gas tariff hike summary not moved, NA committee told
Islamabad: Amid renewed efforts to open up security-hit areas in Khyber Pakhtunkhwa and tribal region for petroleum exploration, the ministry…
$2.2 billion C/A deficit despite record remittances
Karachi: The country’s current account deficit remained $2.2 billion despite higher dollar inflows and low oil prices during 2014-15, the…
KSE breaches another milestone in post-Eid trading
Karachi: Stocks resumed the rally on the first trading session after the Eid holidays with the KSE-100 index adding 169.02…
UAE to scrap fuel subsidies from August
Dubai: Leading oil producer the United Arab Emirates will scrap subsidies on petrol and diesel from August to cut spending…
Gold slides 1pc to five-year low
London: Gold fell more than 1 per cent to a five-year low on Wednesday as a bounce in the dollar…
Afghanistan waives customs duty on Pakistani goods
Islamabad: Afghanistan has waived the financial guarantee of 110 per cent customs duty and $100 per 25 tonnes charges on…
Petroleum prices may be reduced from August
Petroleum prices may be slashed from August 2015 due to reduction of the oil in the international markets. According to sources of the Oil and Gas…