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Pakistan Takes Delivery of First Five Royal Jordanian F-16 fighter jets

Pakistan Air Force (PAF) has received today its first batch of five Royal Jordanian F-16 fighter jets under a deal to purchase upto 13 F-16s fighter jets out. First batch of Royal Jordanian F-16 AM/BM fighter jets arrived at the Mushaf Mir Airbase in Sargodha were inducted in the PAF fleet. Pakistan Air Force will [...]

ISLAMABAD: The oil marketing companies announced on Thursday an increase of about four per cent in the prices of petrol and other petroleum products for March, with a total revenue impact of about Rs5 billion. The decision was taken following consultations among the companies, the petroleum ministry and the Oil and Gas Regulatory Authority (Ogra). [...]

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SINGAPORE: Oil prices edged up in Asia on Tuesday, but trade was subdued as dealers waited for clearer signals on the US and other major economies and a fall in equities weighed on sentiment, analysts said.   New York’s main contract, light sweet crude for delivery in February was up four cents to $93.24 a [...]

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Rupee gains

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KARACHI: The rupee posted significant gains against the dollar in the interbank foreign exchange market on Friday, said dealers.   In the interbank market, the rupee increased by 37 paisas against the dollar. The local currency ended higher at 97.23 to the dollar as compared to the previous closing of 97.60. In the open market, [...]

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ISLAMABAD: The special committee of the cabinet again failed to chalk out an acceptable CNG pricing formula, paralysing stakeholders directly attached with the sector since October 25.   The committee meeting held with the objective to settle the CNG price issue here on Wednesday was headed by Farooq H Naek, Law Minister, which evaluated the [...]

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LAHORE: The nation is celebrating the 136th birth anniversary of the Father of the Nation Quaid-e-Azam Muhammad Ali Jinnah with national spirit and enthusiasm across the country and Azad Jammu and Kashmir (AJK) on Tuesday (today). The day will dawn with special prayers in mosques for the eternal peace of Quaid-e-Azam and progress and unity [...]

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ISLAMABAD – AHMAD AHMADAN – A subcommittee of Cabinet’s Economic Coordination Committee (ECC) scheduled to meet today (Monday) is all set to take up a decision on the future of once robust CNG industry, reliable sources told TheNation on Sunday. Rejecting a CNG pricing method put up by the Ministry of Petroleum and Natural Resources, [...]

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ISLAMABAD: The government has decided to prevent the use of CNG in vehicles over 1,000cc and to allow CNG to be used as fuel by public transport only, revealed Prime Minister’s Adviser on Petroleum and Natural Resources Dr Asim Hussain on Tuesday. According to Dr Asim, the government will increase the taxes on CNG with [...]

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ISLAMABAD: CNG consumers will continue to buy gas for their vehicles at the reduced price for another 17 days as the Supreme Court ignored on Monday a request to undo its Nov 1 price freeze. A three-judge bench comprising Chief Justice Iftikhar Muhammad Chaudhry, Justice Gulzar Ahmed and Justice Sheikh Azmat Saeed which had taken [...]

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KARACHI: The international Saudi Aramco contract price of liquefied petroleum gas (LPG) has surged by $25 to total $1,003 per ton for November 2012, raising local prices by Rs3,000 to total Rs128,000 per ton. All Pakistan LPG Distributors Association (APLDA) Chairman Abdul Hadi Khan made an announcement to this effect here on Wednesday. He also notified [...]

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