Tag: Hike
Price hike hits CNG
The government’s proposal for increasing CNG prices up to the level of petrol will decrease gas usage in the country but at the same...
Massive gas price hike likely today
An urgent meeting of the Economic Coordination Committee of the cabinet (ECC) has been called on Thursday (today) to settle the contentious issue of...
‘Invisible hand’ responsible for sugar price hike?
The Federal Budget 2011-12 has started taking its toll on sugar prices. Mirroring previous trends, sugar prices have soared Rs 3 per kilogramme in...
Animal smuggling causing meat price hike: UVAS VET
and illegal export of animals to neighbouring counties are main causes of shortage of meat and its price hike in the country, University...
North ‘blockade’ hikes prices in south Sudan
Prices of basic goods in south Sudan have surged after a cargo “blockade” by former civil war enemies in the north, officials said on...
KESC seeks tariff hike by Rs 1.544/kWh
The Karachi Electric Supply Company (KESC) has requested the National Electric Power Regulatory Authority (NEPRA) to allow the company to raise the power tariff...
Oil tanker freight hike set to strike
A hike of 45 percent in transportation charges of the oil tankers, as approved by the Oil and Gas Regulatory Authority (OGRA) after a...
Up to 4% hike in power tariff likely
Power tariff is likely to be increased by another four percent by June 15th leading to an increase of up to Rs 1.50 per...
BoE no closer to hike as economy concerns persist
LONDON - The Bank of England came no closer to raising interest rates this month as concerns about the strength of the economy outweighed inflation risks, further dimming the chance of a hike before August. Its Monetary Policy Committee split 6-3 again in favour of holding rates at 0.5 percent, minutes of its April 6-7 meeting published on Wednesday showed, saying the medium-term outlook for inflation had not changed enough to alter their view. Although the minutes said the near-term
Army seeks whopping Rs 81.46 billion hike in defence budget
ISLAMABAD - The Pakistan Army has sought an increase of Rs 81.46 billion in the defence budget in fiscal year 2011-12 against current year allocations in the wake of operation against terrorists in Khyber Pakhtunkhwa and the Tribal Areas. As per details of the defence budget provided by the Defence Ministry to parliament, all three forces had recommended proposals of Rs 5.825 trillion, but the ministry had cut the amount by Rs 59 billion in view of severe economic meltdown and sent
Fuel price hike increases prices at Sunday Bazaars
LAHORE - The increase in prices of petroleum products helped vegetable and fruit prices to skyrocket at Sunday Bazaars. Prices of nearly all commodities including onions, potatoes, tomatoes, garlic, ginger, peas, lemon, green chillies, apples, guava, bananas and strawberry increased by Rs 4 to 20 per kilogramme.
Vendors said that transporters have increased fares due to which vegetable and fruit prices have also increased. Vendors said that prices of vegetables could increase
Vendors said that transporters have increased fares due to which vegetable and fruit prices have also increased. Vendors said that prices of vegetables could increase
Oil price hike augurs well for local refineries
KARACHI - The surge in the international oil prices has improved the domestic refinery operating environment by augmenting their Gross Refinery Margins (GRMs), market analysts said on Thursday. The GRMs is a vital gauge for the profitability of oil refinery sector.
The analysts opined that gross margins for the refineries in the local market were all set to respond positively to $2.6 per barrel during this month as compared to -$0.4 per barrel in the preceding month.
The analysts opined that gross margins for the refineries in the local market were all set to respond positively to $2.6 per barrel during this month as compared to -$0.4 per barrel in the preceding month.
NA body okays 18 percent hike in defence budget
ISLAMABAD - The National Assembly's Standing Committee on Defence on Thursday recommended an 18 percent increase in the defence budget for the year of 2011-1012.
MNA Haider Ali Shah, a member of the committee, told Pakistan Today that the committee was given a presentation on the budget proposals for the next year, adding that it was briefed that the devaluation of the rupee and the expenditure in operations conducted in Swat, Bajaur and South Waziristan were major reasons for
MNA Haider Ali Shah, a member of the committee, told Pakistan Today that the committee was given a presentation on the budget proposals for the next year, adding that it was briefed that the devaluation of the rupee and the expenditure in operations conducted in Swat, Bajaur and South Waziristan were major reasons for
MQM asks federal ministers to review recent hike POL prices
ISLAMABAD - Farooq Sattar has said that Mutahida Qaumi Movement (MQM) has asked the federal ministers to review the recent hike in POL prices as public is unable to bear this additional burden caused by the high prices of the petroleum products.
A delegation of the MQM headed by Dr Farooq Sattar called on the Federal Finance Minister Hafiz Sheikh and Federal Interior Minister Rehman Malik here on Sunday and discussed the matter.
Talking to media, federal Finance Minister
A delegation of the MQM headed by Dr Farooq Sattar called on the Federal Finance Minister Hafiz Sheikh and Federal Interior Minister Rehman Malik here on Sunday and discussed the matter.
Talking to media, federal Finance Minister
Fuel price hike challenged in SHC
KARACHI - A constitutional petition was filed in the Sindh High Court on Friday against the government's announcement of increase in prices of petroleum products by 10 percent. The petition was filed by Iqbal Haider pleading the court that the Oil and Gas Regulatory Authority (OGRA) be restrained over hiking of petroleum prices and such acts termed illegal and unconstitutional.
The petitioner had already filed the petition on that same issue recently but the government took back
The petitioner had already filed the petition on that same issue recently but the government took back
Bus fares up by 15pc after hike in fuel prices
LAHORE - With bus owners facing a petroleum price hike of around 10 to 13 per cent from April 1, transporters in Punjab have increased intercity fares by 15 percent immediately. Rising fuel prices are once again enhancing the cost of living, while commuting intra-city and intercity is making people pay more as the transport owners have escalated the air-conditioned buses' fares from Friday. As per the revised fares list, minimum fare for AC coaches has been set from stop to stop as Rs
Petrol pumps stop sales ahead of fuel price hike
LAHORE - Petrol pump owners again resorted to their fleecing techniques by stopping sales on Thursday, as fuel prices are expected to be increased by 10 to 15 percent from midnight, Pakistan Today has learnt. Motorists and motorcyclists were seen searching for petrol from one pump to another. Petrol pumps located in major areas of the city including Model Town, Garden Town, Allama Iqbal Town, Mughalpura, Dharampura, Ghari Shahu and others stopped selling fuel in the evening and hardly
