Search Results for 'S'

BoK Raast Islamic banking branch operative in Mansehra

Peshawar—Managing Director, Bank of Khyber (BoK) Bilal Mustafa has said that the bank is committed to cater the banking requirements of Islamic as well as conventional banking in a befitting manner to promote economic activities in [...]

Posted On : May, 15 2012 | Comments : 0

Oil slips on Greek worries, Saudi call for lower prices

SINGAPORE: Oil fell in Asian trade Monday amid mounting worries over Europe's debt crisis and calls by major crude producer Saudi Arabia for prices to fall further, analysts said. New York's main contract West Texas Intermediate c [...]

Posted On : May, 14 2012 | Comments : 0

Once again, Pakistan asks China to finance IP gas pipeline

ISLAMABAD: Pakistan has once again asked China to finance the Iran-Pakistan (IP) gas pipeline project, as Beijing appears to be least interested in the face of pressure from the United States. “No Chinese government official gave as [...]

Posted On : May, 09 2012 | Comments : 0

Railways needs 350 locomotives

LAHORE – Pakistan Railways Secretary/Chairman Arif Azeem has said that about 350 locomotives are needed to put Railways on track. Talking to reporters he said that only 150 locomotives are working, however the railway is purchasing [...]

Posted On : May, 07 2012 | Comments : 0

Korea keen to produce 300MW from solar energy

Dr Choi moon-sok, chief executive officer of the Concentrix Solar of Korea, who called on federal minister for water and power Syed Naveed Qamar along with a four-member delegation said that the company plans to set up first project of 50 [...]

Posted On : May, 03 2012 | Comments : 0

Oil retreats on profit-taking, eurozone concerns

Singapore: Oil retreated in Asian trade on Wednesday as investors took profits from recent gains, while renewed concerns about the eurozone's debt problems also pressured prices, analysts said. New York's main contract, West Te [...]

Posted On : May, 02 2012 | Comments : 0

International LPG price dips

Karachi—The international price (Saudi Aramco Contact Price) of liquefied petroleum gas (LPG) has been declined by $ 124 to $ 869.50 per ton for May 2012, creating hopes for a price cut in the domestic market. This was stated by [...]

Posted On : May, 01 2012 | Comments : 0

Dow Chemical’s 1Q profit drops 34pc

London—Dow Chemical’s winter doldrums have given way to some spring optimism. The chemical manufacturing giant said volumes improved in every sector and most geographic regions in March, as customers began rebuilding invent [...]

Posted On : Apr, 30 2012 | Comments : 0

Natural Gas to climb as Goldman Sachs sees output cuts

NEW YORK: US natural gas for delivery this fall is trading at a record premium, signaling the fuel may be poised to rebound from its worst quarter in two years because of production cuts and rising demand from power plants. Gas futures [...]

Posted On : Apr, 27 2012 | Comments : 0

Hyperion Plans To Begin Oil Refinery Construction By March, ...

Right now the Hyperion Oil Refinery is tied up in litigation over it's air quality permit, but it hopes to break ground by mid-March, 2013. It's hard to picture now, but Hyperion wants to transform this South Dakota land into a ma [...]

Posted On : Apr, 26 2012 | Comments : 0

Corporate results: Indus Motor profits jump on regular price...

KARACHI: Indus Motor Company profits surged 79% in the current financial year as the car assembler used regular price hikes not only to protect profit margins but also increase them. The country’s second largest car assembler profit [...]

Posted On : Apr, 24 2012 | Comments : 0

TAPI moves ahead but at snails pace

PAKISTAN, India and Afghanistan have finally signed an agreement on the transit fee for transportation of gas paving the way for Turkmenistan to come up with its upstream development plan for providing gas to the pipeline. It is a major b [...]

Posted On : Apr, 23 2012 | Comments : 0

Automobile production goes up in 8 months

Islamabad—The Production of cars and jeeps increased by 11.29 percent during the first eights months of the current fiscal year (2011-12) as compared the production of the corresponding period of last year. As many as 96,268 jeeps a [...]

Posted On : Apr, 21 2012 | Comments : 0

Cotton spot rate remains unchanged

The spot rate remained unchanged at Rs5,850 per maund (37.324kg) and Rs6,269 per 40kg, while ex-Karachi rate remained firm at Rs5,980 per maund and Rs6,399 per 40kg after addition of Rs130 as upcountry expenses, he said. An analy [...]