Pakistan Daily - Business and Finance News
Monday, November 2, 2009
Oil Prices in Pakistan May Rise by Rs.3 to Rs.4 By 1st Nov, 2009
Oct 27, Tuesday: By reliable sources that, petroliume prices in Pakistan are going to be increased by 1st Nov, 2009. Sources said Oil and Gas Regulatory Authority (OGRA) Proposed to increase high speed diesel prices by Rs.3 and Petrol prices by Rs. 4 in a submitted summery report to the Petroleum Ministry.
Read more: Oil Prices in Pakistan May Rise by Rs.3 to Rs.4 By 1st Nov, 2009
Gold rates firm, Oil rates on new highest of the year 2009, Oct 22
Oct 22, 2009 Thursday: Gold rates are in the picture this pickup is observed similarly increasing in Gold rates, Oil rates and US Dollar rates, It is short term recovery seen into the money market which is taking US Dollar up, in contras of the US Currency we have seen the Year 2009 highest $83 in Oil rates on the other end Gold also observed increasing in both Pakistan and Internationally as Rs. 28757/- per 10 grams and $1060/- per ounce, Gold prices clawed back above $1,060 an ounce Wednesday as oil rallied and the euro rose above $1.50 for the first time in 14 months.
Read more: Gold rates firm, Oil rates on new highest of the year 2009, Oct 22
Gold Prices and Oil Prices Market Review on Oct 21
Oct, 21 Wednesday: Gold rates 24-crt lost strength and settled between the level of Rs. 28400/- to 28200/- per 10 grams, Last week’s in local market Gold gained Strength is currently converting into the weakness this week, Gold rates & Oil rates are showing retracement into the market which may take 2 or 3 days and we can see the level of Rs. 28500 again at the end of current week or at the start of next week.
Read more: Gold Prices and Oil Prices Market Review on Oct 21
Prize Bond Result for Rs.750/- Draw will be held at Karachi on Oct 15, 2009
40th Prize Bond Draw will be held at Karachi for the Bond value of Rs.750/-, Results can be seen at www.forexkp.com/prizebond , Many of our friends are specially email subscribers complains that we send Prize Bond List through email very late after publishing at on the Web, So we will try to make it more faster but as per the process we first publish the result at our website later on do emails to our prime subscribers.
Read more: Prize Bond Result for Rs.750/- Draw will be held at Karachi on Oct 15, 2009
Exchange Rate watch, Pak Rupee VS US Dollar
The Pak Rupee is being stagnant is series against US Dollar, Exchange Rate market shows a continue war without win this week between Pak Rupees & US Dollar. As per market key figures “US Dollar was in high demand due to which the whole supply absorbed the trend and fixed with a smooth move. In currency market on Friday Pak Rupee gained 10 Paisa against US Dollar, it was buying and selling at 83.20 and 83.25 on the Interbank Market.
Gold Prices & US Dollar Firm, Oil & Pak Rupee Declining.
Gold Prices in Pakistan are seems firm but it is a timely recovery, Gold rates are out of pressure as US Dollar getting firm in short term, Oil is also weakening today into the Asian market although Oil prices are firm in International market, closing at $71.50. Gold Price Tezabi (24-ct) is observed today at Rs. 27250/- per 10 grams which has gone upward as compare to last week, Gold is about to make new resistance which may move towards 28000/- per 10 gram as per Gold market experts “Gold is playing in a rang over few weeks and currently on the move of resistance and after touching it, the Gold prices will take a retracement and we may see Gold rates over the support level, So current market doesn’t suites to invest in Gold wait for the Gold in buying position”.
Read more: Gold Prices & US Dollar Firm, Oil & Pak Rupee Declining.
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