Pakistan News

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  • Petrol prices in Pakistan still very cheap compared to rest of the world, says finance minister, day after price hike

    Finance Minister Shaukat Tarin on Friday said petrol prices in Pakistan were cheaper than the rest of the region and the world, adding that only 16 countries had lower prices — all of them being oil producers themselves...

    "The finance minister added that Pakistan had cheaper petrol prices than other regional countries as well, such as India and Bangladesh...

  • Happiness is cheap air conditioning

    It is an old Catch-22: one needs refuge from the blazing sun and muggy weather, but switching on the air-conditioning means a very, very hefty burden on your budget...

    So what exactly is this inverter-based air conditioning and how it is different from the existing technology? Let’s examine that:We usually set our desired room temperature to suit our needs (for instance, we set the thermostat to 25°C)...

  • Cheap kerosene being mixed with petrol, diesel

    KARACHI: A number of fuel stations are selling petrol and diesel adulterated with cheap kerosene...

    “I am sure that this menace is not in vogue in big cities where check and balance of oil marketing companies (OMCs) is effective,” Chairman Pakistan Petroleum Dealers Association (PPDA), Abdul Sami Khan said...

  • Wars, cheap crude hurting ME growth: World Bank

    8pc forecast in October as war, terrorism and cheap oil took their toll...

    The plunge in oil prices to around $30 a barrel from over $100 two years ago is causing major problem for the region’s oil exporters, with government revenue falling sharply and budget deficits growing...

  • Snapping up cheap spy tools, nations 'monitoring everyone'

    The purchase from Israeli-American company Verint Systems, chronicled in documents obtained by The Associated Press, offers a rare, behind-the-scenes look into how easy it is for a country to purchase and install off-the-shelf surveillance equipment...

    Except for blacklisted nations like Syria and North Korea, there is little to stop governments that routinely violate basic rights from obtaining the same so-called “lawful intercept”...

  • Pipe maker moves NTC against cheap imports

    ISLAMABAD: A local manufacturer of seamless pipes/tubes has approached the National Tariff Commission (NTC) for seeking protection against cheap imports...

    The NTC said that the comm­ission received an application from M/s Huffaz Seamless Pipe Ind­us­tries, Karachi, requesting that customs duty on import of its major inputs — special steel round bars and other raw material — may be reduced to zero per cent and customs duty on its...

  • Cheap imports worry local manufacturers

    ISLAMABAD: Local manufacturers on Thursday expressed concerns over cheap imports — mainly from China — rendering many Pakistani industries out of business while anti-dumping cases are not being processed as the National Tariff Commission (NTC) has been non-functional since 2009...

    The participants suggested the government to appoint commission members without any delay as domestic industries were facing huge losses due to cheap...

  • G20 eyes faster reforms as cheap credit not enough for growth

    ANKARA: Financial leaders from the world’s 20 biggest economies agreed on Saturday to step up reform efforts to boost disappointingly slow growth, saying reliance on ultra-low interest rates would not be enough to accelerate economic expansion...

    ” The wording defied pressure from emerging markets to brand an expected US rate rise as a risk to growth...

  • Islamabad — not a city for cheap food

    Over the last decade, the capital has become Pakistan’s most expensive city, forcing a number of people out of the capital into the rural areas and Rawalpindi...

    As many as 119 persons were arrested and sent to judicial lockup and a total of Rs 3,61,500 were collected from traders as fine,” he said...

  • Four more years of cheap oil, says Opec

    Led by Saudi Arabia, the cartel instead aimed to preserve its market shares and push out growing competition from higher-cost shale rock producers in the United States...

    4m barrels per day by the end of the decade, an increase of 500,000 barrels per day compared to its forecast from last year...

  • Returning Afghans selling their properties cheap

    SWABI: Afghans residing in two refugee camps and other areas of the district have started selling their property and household goods at much the lower price as they prepare to leave for their homeland after staying in Pakistan for decades...

    It is clear that our stay in Pakistan is short lived now,” said an inmate of the Gandaf refugee camp, which along with the Gohati camp has housed 36,000 and 22,500 Afghan refugees, respectively,...

  • O’Sullivan snubs 147 bid over ‘cheap’ prize

    LONDON: Ronnie O’Sullivan rejected the chance to finish a 147 maximum break in his Welsh Open first round match on Monday because he felt the £10,000 ($14,000, 12,000 euros) prize on offer was “too cheap”...

    “I knew it was 10 grand and I just thought that’s a bit too cheap really...

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