Saturday, September 4, 2010

‘Business’ News

Oil rates lower in Asian trade

Oil rates lower in Asian trade

Thursday, September 2, 2010 16:14

Oil prices edged slightly down in Asian trade on Thursday after soaring in the US the previous day on strong US manufacturing data, analysts said. New York’s main contract, light sweet crude for ...

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Floods cause losses of Rs. 249 billion to agriculture

Floods cause losses of Rs. 249 billion to agriculture

Wednesday, September 1, 2010 16:00

The devastating floods have inflicted losses of Rs.249 billion to agriculture sector, according to the initial estimates. However, actual damages could be calculated once the flood water recedes in the affected areas, Federal Minister ...

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European Union considers tariff cuts for Pakistan

European Union considers tariff cuts for Pakistan

Tuesday, August 31, 2010 16:08

Pakistan could win trade concessions from the EU to help it’s economy recover from devastating floods that have displaced millions of people and devastated the cotton crop. Momentum for a package of reduced tariffs to ...

Around Rs12bn loss estimated to Sindh crops by flood

Around Rs12bn loss estimated to Sindh crops by flood

Monday, August 30, 2010 15:55

A meeting of Sindh Chamber of Agriculture has estimated that rupees 10 to 12 billion losses caused to the crops by the flood in Sindh. According to a news release issued here Friday, ...

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LPG companies not following Ogra order on cost

LPG companies not following Ogra order on cost

Sunday, August 29, 2010 14:36

The LPG Distributors Association has alleged that LPG marketing companies are not following the directives of the Oil and Gas Regulatory Authority (Ogra) regarding prices, and have refused to supply the ...

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PTCL posts increased profit

PTCL posts increased profit

Saturday, August 28, 2010 16:01

Pakistan Telecommunication Company Ltd has posted a higher profit after tax of Rs 9.294 billion for the year ending June 30. According to financial results of the company despatched to Karachi Stock Exchange ...

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Oil rates up in Asian trade

Oil rates up in Asian trade

Thursday, August 26, 2010 15:54

Oil was higher in  Asian trade Thursday, as a weaker dollar helped prices shrug off a massive increase in US crude reserves, analysts said. New York’s main contract, light sweet crude for delivery in ...

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Gold slips to Rs33,214

Gold slips to Rs33,214

Wednesday, August 25, 2010 16:39

Gold slipped by Rs 128 to Rs 33,214 per 10 grams in local bullion market Tuesday, as its international price also declined to $ 1,217.50 an ounce, market sources said. A leading bullion ...

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Oil prices fall in Asian trade

Oil prices fall in Asian trade

Tuesday, August 24, 2010 16:31

Crude prices were down in Asia Tuesday as analysts said losses in equities markets compounded fears over weak oil fundamentals amid ongoing concerns about the global economy. New York’s main contract, light ...

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Australian dollar hit by election uncertainty

Australian dollar hit by election uncertainty

Monday, August 23, 2010 16:33

The Australian dollar recovered after falling sharply in early Asian trade on Monday, as the fallout from an election that produced no clear winner hit the currency. The unit dropped by just over a cent ...