ISLAMABAD: Secretary Petroleum and Natural Resources Muhammad Ejaz Chaudhry on Wednesday revealed that petroleum prices will see a major hike in seven days. Chaudhry was briefing the parliamentary committee on oil prices. The meeting was chaired by Rana Tanveer, who later walked out in protest over the upcoming price hike. The petroleum secretary had informed the committee that keeping in view global prices ...

ISLAMABAD, Feb 22: Prime Minister Yusuf Raza Gilani directed Commerce Ministry and Trade Development Authority of Pakistan TDAP to focus on fruits and vegetables export by improving supply chain and meet quality world standards.     Speaking Wednesday at TDAP presentation on export promotion strategy of fruits, vegetables and related issues at PM House, Gilani noted fruits export doubled and veget ...

  KARACHI, Feb 22:  Pakistan is a very young country and attention to good education and vocational training for youth are the key to its bright future. These views were expressed by German Consul General Dr Tilo Klinner at an informal interaction with the media held at the chancery last evening. Dr Klinner spoke in detail about Pakistan German ties and said cooperation between the two countries depend ...

Global oil prices continue their upward spiral, climbing to their highest levels in nine months over Iran’s warning that it may cut off oil exports to more European countries. On Tuesday, oil prices reached their highest levels since May as Benchmark crude rose by $2.65, or 2.6 percent, to end the day at $106.25 per barrel on the New York Mercantile Exchange, marking the highest price of oil since May 4, 20 ...

   AMSTERDAM, Feb 21: LG Electronics participated in ISE (Integrated Systems Europe) 2012, the biggest commercial display show in Europe, held in Amsterdam, the Netherlands, for three days from January 31. During the show, LGE introduced its new commercial LED display devices to enhance its B2B marketing.   The company displayed this year’s strategic products, which include digital signage, hotel ...

  ISLAMABAD: Feb 21: Dr Abdul Hafeez Sheikh, Advisor to the Prime Minister on Finance, Revenue, Economic Affairs, Planning and Development briefed the Prime Minister on the state of economy and the preparation for the forthcoming budget at the Prime Minister's House on Tuesday. The Prime Minister asked the Advisor to prepare the next budget, 2012-13, that should focus on provision of services to the co ...

  KARACHI, Feb 21:  The ABF held its 11th General Body Meeting at the Royal Palm Golf and Country Club with a strong panel of 9 Executive Committee Members and 15 General Body Members. Matters of Social, Political, Industry and services were discussed and solutions recommended along with decisions to support under privileged members of the civil society specially in the field of literacy, vocational tr ...

    KARACHI, Feb 21: The 52 foreign delegates are attending 6th three-day Power & Alternate Energy Asia exhibition 2012 and conference that began Tuesday at Karachi Expo Center and they all are here to explore the opportunities of investing in energy sector of Pakistan, Ms. Shazia Marri, Sindh Minister for Information & Electric Power, said.   This is eye-opener for all those who have ...

The Associated Press TEHRAN, Iran — Iran has laid out conditions for future oil exports to European countries after halting sales to Britain and France earlier this week. Foreign Ministry spokesman Ramin Mehmanparast said Tuesday that Iran seeks guarantees of payments, long term contracts and a ban on unilateral cancellation of contracts by buyers. He says all these should be considered if Europe wants cont ...

In the wake of a surge in oil prices following an Iranian decision to halt oil exports to French and British companies, gasoline prices are heading towards highs in the US market. The average price of gasoline in February is up nearly 25 cents from the beginning of the year, according to the Automobile Association of America's (AAA) Daily Fuel Gauge Report. On Monday, the average price of regular gasoline i ...