KARACHI: KESC Monday said there is no power load shedding underway in Karachi, the power outages are being occurred only owing to the technical glitches in some areas.

ISLAMABAD: The government on Thursday increased the prices of various petroleum products by Rs 3 per litre. New prices for a litre of petrol, HOBC fuel and light diesel oil are Rs 65.81, Rs 77.77 and Rs 41.59, respectively.

ONLINE: British advertisers are becoming much more aware of TV media and are starting to compare ratecards for different locations as a result – but the credit crunch is tightening budgets, Xav Adam, managing director of the Adam Media Consultancy, has warned.

Vienna, April 17 (Xinhua) The daily average oil prices of the Organization of Petroleum Exporting Countries (OPEC) touched a new high at $106.65 a barrel, the cartel said Thursday. Wednesday’s peak price was $0.92 higher than the previous day’s price of $105.73 a barrel.

KARACHI: Pakistan has finalised plans to issue an exchangeable bond with an option for the shares of its largest-listed firm to be jointly managed by ABN AMRO , Barclays and JPMorgan, bankers said on Monday.

ISLAMABAD: The State Bank of Pakistan (SBP) has incurred a loss of Rs 53.499 billion due to an incentive scheme allowing banks and development financial institutions (DFIs) to write off non-performing loans (NPLs) of different organisations, Auditor General of Pakistan (AGP) has reported.

ISLAMABAD: Finance minister Ishaq Dar said on Wednesday that the government’s economic targets cannot be met because the previous administration ‘fudged’ its figures.

ISLAMABAD: The Government should focus on long and short term energy generation projects to overcome energy crisis.