Tag Archives: Price

Ministerial body to discuss urea price increase

Ministerial body to discuss urea price increase

ISLAMABAD – A ministerial committee will take up the issue of unilateral price increase of urea with the representatives of fertiliser industry here on Tuesday.
Taking strict notice of the increase in urea prices by manufacturers, the Ministry of Industries has convened a meeting of the Fertiliser Review Committee. The meeting would be chaired by the Minister for Industries and would be attended by federal ministers for agriculture and provincial agriculture ministers.

Petroleum price hike is PPP’s New Year’s gift to public

LAHORE – PML-N senior leader Ashan Iqbal has condemned the hike in petroleum products and said this is New Year gift to people by the government.
In a statement issued here on Friday, PPP-led government had been involved in lavish spending, corruption and mismanagement and people had been bearing the brunt. “Common man’s life has turned worst due to government’s anti-people policies,’ he added.
Ahsan Iqbal deplored that if government implemented the suggestions recommended

PIAF denounces POL price increase

LAHORE – Pakistan Industrial and Traders Association Front (PIAF) has urged the Prime Minister to reject the proposal for hike in prices of petroleum products and electricity tariff as it would be a major blow for the crippling economy.
In a statement issued here on Friday, PIAF office-bearers including Chairman Irfan Qaiser Sheikh, Vice Chairmen Iqbal Baig Chughtai and Shahzeb Akram said that the entire industry in Punjab had suffered as a consequence of gas outages.

Govt seeks explanation from Engro on urea price hike

ISLAMABAD – Taking strict notice of a massive price hike of Rs 190 per bag of urea by the largest urea manufacturer in the country, Engro Fertilisers, the government has sought an explanation from the manufacturer. A spokesman of the ministry of industries said that under directives of the minister for Industries Mir Hazar Khan Bijarani, the ministry has taken a serious notice of a unilateral increase in the urea price of Rs 190 per 50 kg bag by Engro Fertilisers Limited.

Rising oil price adds to Asia inflation headaches

MUMBAI – Rising oil prices present a new inflationary headache for Asia and further complicate the task of policymakers grappling with broader price pressures, an uneven growth outlook and surging dollar inflows.
Central bankers in Asia are reluctant to stifle growth by raising rates and are wary of exacerbating yield differentials with western economies and Japan that would further attract potentially destabilising capital flows. At the same time, rising prices are politically

DAP sales decline in the aftermath of price surge

KARACHI – DAP prices in the international market have swelled by 19 percent in November 2010 and reached $588 per tonne compared to an average of $494 per tonne in the third quarter of calendar year 2010.
Resultantly, increase in retail prices stood at a monthly 14 percent in the local market. A sharp decline

World economy can withstand $100 oil price: Kuwait

CAIRO – The global economy can withstand an oil price of $100 a barrel, Kuwait’s oil minister said, as other exporters indicated global production was unlikely to rise in 2011 because the market was well supplied.
Analysts believe that oil producing countries are likely to raise output after crude rallied more than 30 percent from a low in May because they fear prices could once again damage economic growth in fuel importing countries. European benchmark ICE Brent crude for

Price hike for Sonakshi!

Sonakshi Sinha is the most sought after heroine in Bollywood currently. After the super rocker Dabangg (that is the second highest grosser of all time) Sonakshi is being chased by Akshay Kumar, Ajay Devgn, Saif Ali Khan for their future projects.
Akki has signed Sonakshi for Joker, Ajay will be doing a film with her in 2011, Salman has signed her for Kick and Saif will romance her in Race 2. Being in such great demand has also hiked Sonakshi’s price. Though she has just one

Price consults lawyers over jokes

Katie Price has called in her lawyers after a comedian told a series of sick jokes about her disabled son. Scottish funnyman Frankie Boyle cracked several gags about eight-year-old Harvey during his Tramadol Nights show on Channel 4.
Referring to Price’s battle with her ex-husband, singer Peter Andre, for custody of the child, Boyle said, “Eventually one of them will lose and have to keep him.” He also suggested Harvey – who is blind, autistic, and suffers from a condition that

GST imposition to hike sugar price: PSMA

LAHORE: The Chairman of Pakistan Sugar Mills Association (PSMA) Javed Kayani has cautioned the government that levy of reformed GST on sugar would hike ex-mill price by at least Rs 10 per kg.
This would add to the miseries of consumers who are already groaning under inflationary pressures. PSMA has requested the Federal Finance Minister to obviate sugar from the reformed GST imposition in order to allow price stay at a reasonable level. He gave examples of countries where all

Cleric put price on Aasia’s head

PESHAWAR: A hardline cleric on Friday offered a reward of 6,000 dollars to anyone who killed Aasia Bibi, a Christian mother sentenced to death for insulting the Prophet Mohammed (PBUH).
Maulana Yousuf Qureshi, the cleric, issued the call at a rally against moves to pardon the woman. Aasia was sentenced on November 8 to death by hanging, under blasphemy laws that human rights activists say encourage extremism.
The government attempted to pardon her after an international

LHC seeks report on sugar price surge by November 30

LAHORE: Resentment was expressed on the recent sugar price surge by Justice Azmat Saeed of the Lahore High Court on Monday, who directed the federal and provincial governments to submit a report on the same by November 30, after their failure to do so by November 22.
“Government should reply to these serious matters in days and not in months,” Justice Saeed observed, adding that it was the responsibility of the government to keep a check on the prices of commodities. The court

Petition against sugar price hike – Judge says LHC may inspect sugar dealers’ bank accounts

LAHORE: The Lahore High Court (LHC) Justice Sheikh Azmat Saeed on Friday issued notices to the federal and Punjab governments and sought a detailed report until November 22 on a petition challenging the excessive increase in sugar prices across the country.
Due to supply shortage, the commodity was being sold for Rs 130 per kilogramme in the retail market. Justice Saeed observed that the supply shortage was created by the sugar hoarding mafia, which had made money by selling the

Bush acknowledges Pakistan paid high price for taking on extremists

WASHINGTON: Former US president George W Bush has acknowledged that Pakistan “paid a high price for taking on extremists” and said its forces were successful for several years in targeting Al Qaeda militants crossing the porous border with Afghanistan.
In his book “Decision Points” published on Tuesday, Bush said he had “complex” relations with Pakistan and former president Pervez Musharraf, who pledged to support the US after the September 11, 2001 attacks.
Bush said, “Over

Sugar price touches Rs 101 per kg

LAHORE: The price of sugar touched the highest-ever level of Rs 101 per kilogramme, with a 50 kg sugar bag being sold for Rs 5,050 in the province’s largest wholesale market, Akbari Market, on Saturday.
Price lists showed that the price of white sugar had registered a sharp increase of Rs 11 per kg in the last five days. Data showed that due to the absence of price control, sugar prices increased by Rs 26 per kg since October 1, more than 35 percent in a single month.

LPG price hike adds to people’s woes

LAHORE: An increase in Liquefied Petroleum Gas (LPG) prices by Rs 12 per kilogramme on Wednesday has left the people thunderstruck.
People have expressed displeasure over the decision of the government, adding that the officials did not care about the living conditions of the public. LPG is used in rickshaws and other means of transport used by the lower and the middle class.
Roadside stalls and khokhas also use it in their stoves. An increase in the prices of LPG will

Katie Price dedicates book to ex

Katie Price has dedicated her new book, ‘You Only Live Once’, to her ex Peter Andre, leaving her cage-fighting husband Alex Reid upset. The model pays the singer a gushing tribute on the first page of her fourth autobiography.
She says Pete took her “on a wonderful journey of self-discovery” and that he turned her into a beautiful butterfly. “I hope you find the happiness you have always been searching for,” she said after 18 months of slagging off Pete. Alex, 35, got a message