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Sunday, November 4th, 2018


90 Percent Housing Societies Duck FIA Audit Ordered By Supreme Court

** Data from the FBR and industry surveys estimate that the country’s real estate sector is worth around $700 billion ** The sector has long been known as a major parking lot for black money ISLAMABAD; Nov 4, 2018: Only 51 of the 631 cooperative housing societies operating in the country follow the law, a forensic audit of 452 of them by the Federal Investigation Agency (FIA) has revealed. The country’s premier investigating agency in its report submitted to the Supreme Court said the housing societies have not cooperated withRead More

U.S. Surpasses Russia to Become World’s Top Crude Oil Producer, Aims to Become Top LNG Exporter

Soaring U.S. Crude Oil Production and LNG Exports Forcing Oil Prices Down BE2C2 Report (Nov 3, 2018): U.S. crude oil production has increased significantly during the past ten years, driven mainly by production from tight oil formations using horizontal drilling and hydraulic fracturing,” said U.S. Energy Information Administration (EIA) in its new report. Production hit 11.3 million barrels of oil per day in August making US now the world’s top producer, forcing prices down. “Efficiencies in pipeline utilization and increased trucking and rail transport” allowed production growth to continue atRead More

Pakistan Expected to Receive $6Bln From ‘All-Weather Friend’ China; CPEC May Expand

Pakistan is expected to receive $6 billion economic package from China including investments under CPEC (BE2C2 Report) ISLAMABAD: Prime Minister Imran Khan, who is in Beijing on four-day official visit, called on Chinese counterpart Li Keqiang. On Friday, PM Khan held a meeting with Chinese President Xi Jinping at the Great Hall of the People. During meeting, according to sources, the prime minister took the Chinese leader into confidence over third country investment in the multibillion dollar China-Pakistan Economic Corridor (CPEC) which Pakistan is hosting with Gwadar port on theRead More