|
Pakistan to hire 1200MW of electricity
2605 hours ago
Source: Geo Television Network
ISLAMABAD: Pakistan will hire 1200 megawatt of electricity from the local and foreign organizations, as Pepco would soon be floating tender, which is being formulated.
Senior reporter, Hanif Khalid here said that the local and foreign organizations would supply electricity on rental basis by installing thermal power stations on trucks/ trailers. Pakistan’s electricity consumption is rising by 1200MW annually and the shortage of electricity during peak hours hits at 3000/4000MW. Hydel power production in the country has also gone down by 20 percent, while thermal power production remained at 5800MW. National grid will begin receiving 315MW of electricity by December 2008. ... more
|
|
Oil prices rise to record high near US$125
2605 hours ago
Source: Geo Television Network
SINGAPORE: Oil prices hit a new record high above US$125 Friday as a weaker U.S. dollar drove investments into commodities.
Light, sweet crude for June delivery rose as high as US$125.10 a barrel in electronic trading on the New York Mercantile Exchange at midday before US$124.94 in Europe.
On Thursday, the contract rose to a record close of US$123.69 a barrel. In London, Brent crude contracts also hit record highs before slipping and traded up US$1.13 on the day at US$123.97 a barrel on the ICE Futures exchange. Earlier Friday, Brent had reachedUS$124.25 before falling back.
In other Nymex trading, June gasoline futures rose 1.72 cents to$3.1550 a gallon (3.8 liters), while heating oil futures rose 2.77cents to $3.5375 a gallon. Natural gas futures rose 4 cents toUS$11.303 per 1,000 cubic feet. ... more
|
|
Value-added textiles demand R&D
2605 hours ago
Source: The News
KARACHI: Pakistan Apparel Forum - the conglomerate of four value added textile trade bodies - demanded of the government to extend Research and Develo ... more
|
|
|
China plans Tibet power line
2605 hours ago
Source: The News
BEIJING: China plans to build a power transmission line from north western Qinghai province to the troubled province of Tibet in a bid to boost the re ... more
|
|
|
Experts, chambers to give suggestions
2605 hours ago
Source: The News
LAHORE: Federal Minister for Kashmir Affairs, Northern Areas and Information Technology Qamar-uz-Zaman Qaira has said the government has decided to co ... more
|
|
|
BD to reopen talks with Tata
2605 hours ago
Source: The News
DHAKA: Bangladesh’s military-backed government will reopen negotiations with Indian conglomerate Tata on Sunday on the group’s record three-billion-do ... more
|
|
|
Freight charges hit Pakistani cement exports to India
2605 hours ago
Source: The News
NEW DELHI: Pakistan’s cement exports to India have slowed down because of rising freight charges and non-availability of railway wagons despite increa ... more
|
|
|
Need for agro-based industries stressed
2605 hours ago
Source: The News
KARACHI: The Union of Small and Medium Enterprises (UNISAME) has urged the government to give priority to agro-based industries in view of the precari ... more
|
|
|
Rupee slumps to lowest level against dollar
2605 hours ago
Source: The News
KARACHI: The rupee remained under immense pressure in inter-bank and open market dealings and plunged to new records versus the US dollar during the w ... more
|
|
|
''Dollar, not supply, causes record oil''
2605 hours ago
Source: The News
TEHRAN: The weak US dollar is the main reason behind oil prices rising to record levels, not demand or supply factors, an Iranian Oil Ministry officia ... more
|
Next