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Saudi crown prince to meet President Alvi, COAS today - February 18, 2019
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Islamabad United beat Lahore Qalandars by 5 wickets - February 15, 2019
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Qazi Wajid being remembered on first death anniversary - February 11, 2019
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PM Imran Khan Awards Degrees To Namal’s Graduate Class Of 2018 - February 8, 2019
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PM Imran Khan values Aleem Khan for resigning after being arrested - February 6, 2019
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Fashion Central Multi Brand Store offers Grand Sale - February 1, 2019
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Zardari, Faryal files plea in SC to withdraw decision of sending fake accounts case to NAB - January 28, 2019
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Court extends judicial remand of Shehbaz, others for 15 days in Ashiana case - January 24, 2019
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Sahiwal incident: PM Imran directs to present suggestions for reforms in Punjab police - January 23, 2019
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Sahiwal report cannot be submitted today: JIT head - January 22, 2019
Oil down in Asia

SINGAPORE: Crude prices fell in Asia Monday with traders disappointed after US Federal Reserve chief Ben Bernanke did not confirm stimulus measures during a closely-watched speech, analysts said.
New York’s main contract, light sweet crude for delivery in October, shed 24 cents to $96.23 a barrel and Brent North Sea crude for October delivery fell 17 cents to $114.40. Crude markets were digesting Bernanke’s speech at a central bankers’ summit in Jackson Hole, Wyoming on Friday, where he did not announce a firm timetable for stimulus measures, IG Markets said in a report. “Bernanke disappointed with no confirmation of QE3 or details about its timing,” the report stated. But the price fall was limited as Bernanke’s speech “was very monetary policy-heavy which many viewed as paving the way for another round of asset purchasing soon”.
In his highly anticipated speech, Bernanke defended the Fed’s interventions of the past four years and signalled he would be pushing for more when the Fed’s policy board meets in 12 days. “The economic situation is obviously far from satisfactory,” he said at the conference, adding that the central bank would provide additional policy accommodation “as needed” for economic growth in the world’s biggest oil-consuming country. – PT