KARACHI: Petroleum Oil Lubricants (POL) prices in Pakistan are expected to drop to record low this year after a decline in international market by $50.
Following this decline, petrol and diesel prices are likely to decline by Rs 4 in Pakistan. Oil edged up to $51 a barrel on Wednesday after reaching its lowest since June 2017 on perceptions that a price slide prompted by worries over the global economy had been overdone amid an OPEC-led effort to tighten supply.
Crude has been caught up in wider financial market weakness as the US government shutdown, higher US interest rates and the US-China trade dispute unnerved investors and exacerbated worries over global growth. Brent crude LCOc1, the global benchmark, was up 43 cents at $50.90. It earlier fell to $49.93, the lowest since July 2017, and posted a 6.2 percent slide in the previous session.
According to the schedule, candidates filed their nomination papers from March 16 to 18
Earlier, Pervez Elahi was admitted to Rawalpindi Institute of Cardiology due to chest pains
Ahsan Iqbal shared that the digital revolution currently under process in the global arena will completely...
These American projects have dramatically increased the nation’s electricity capacity
The 1,530 MW 5th Extension Hydropower Project T-5 is being funded by the World Bank to the tune of US$390 million
The sources said that committees of the two houses would also be formed in the month of April