Foreign portfolio up at $2.9bn
Total Investment value of foreign portfolio significantly hiked by 53.2 per cent or $1.02 billion to $2.93 billion at the end of year 2010 against $1.92 billion witnessed on year-end 2009. Rise in portfolio investment in CY10 driven by fresh investment of $522 million and value of equity appreciation of around $490 million. more... (BR)
Surge in POL prices: transporters announce 10 percent raise in fares
Thousands of the daily commuters have been directly hit hard by the unbridled transporters falling beyond the control of the authorities concerned, since the private bus and wagon owners have announced 10 per cent increase in fares across the country on Saturday after steep rise in the petroleum prices.
‘Power crisis breathing last'
Federal Minister for Information and Broadcasting Qamar Zaman Kaira has said that work on various power generation projects, including Thar coal project has been started. Talking to the media after attending a ceremony here n Sunday, he said after the completion of these projects more... (TFD)
Phenomenal increase in oil prices
The government on Friday dropped 'oil bombshell' on the masses on New Year eve by increasing oil prices upto Rs 7.69 per liter effective Saturday, January 1. The overall increase ranges between 5.4 to 9.2 percent. The government has raised price of petrol by Rs 6.71 per liter, HOBC by Rs 7.69 per liter, kerosene oil by Rs 4.04 per liter, High Speed Diesel (HSD) by Rs 4.25 per liter and LDO by Rs 4.36 per liter. more... (BR)