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Last update: Sun, 24 Jul 2016 11am

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Oversupply pushes oil prices downward NEW YORK: Oil prices were lower on Thursday and markets were relatively quiet as investors showed caution due to persistent global oversupply.West Texas Intermediate benchmark crude for September delivery dropped a dollar to $44.75 on the New York Mercantile Exchange.In London, North Sea Brent, also for September, was down 97 cents at $46.20 on the Intercontinental Exchange.Andy Lipow of Lipow Oil Associates said the market remained under pressure. "Yesterday we saw in the EIA stats a build in gasoline inventories and nearly unchanged in distillates," he said, referring to the weekly stockpiles report of the US Energy Information Administration. "The feeling is refiners' margins are coming under such pressure that we're now starting to hear about refineries' run cuts, which would reduce the demand for crude oil, further pressuring the market," he added."That's really what's going on, there's no other news out there."Crude prices have fluctuated between $44 and $52 ...

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Mushtaq Minhas of PML(N) wins from LA-14 Constituency MUZAFFARABAD: Raja Muhammad Mushtaq Minhas of Pakistan Muslim League (N) won seat for Azad Kashmir Legislative Assembly by securing 25,944 votes in constituency LA-14 (Bagh 2), Kashmir against Khursheed Ahmed of PTI, who received 13,409 votes.Total votes polled in the constituency were 50,443 while registered votes were 79,149.Copyright APP (Associated Press of Pakistan), 2016

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PML-N's candidate takes lead in LA 30, independent in LA 38 in Multan polling MULTAN: PML-N's candidate Thursday took lead in the polling held here for LA-30 of AJK elections while an independent candidate stood on top in LA-38 polling. According to unofficial results revealed by local ECP, only one polling station was set up here for LA-30 polling where only nine out of 60 registered votes were cast. In this polling station, PML-N candidate Abbas Daar bagged five votes while independent candidate Maqsood-uz-Zaman got 3 votes. PPP's candidate ...

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PML-N candidate Rukhsar Ahmed wins from LA-4 Mirpur MUZAFFARABAD: Rukhsar Ahmed of Pakistan Muslim League-N Thursday won seat for Azad Kashmir Legislative Assembly constituency LA-4 Mirpur by securing 21,937 votes against candidate of Pakistan Tehreek-e-Insaf Chaudhry Arshad Hussain who got 17,066 votes.Total votes polled in that constituency were 43,482 while registered vote. Copyright APP (Associated Press of Pakistan), 2016

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People showing confidence on PML-N policies: Khurram ISLAMABAD: Minister for Commerce Engineer Khurram Dastgir Thursday said people of the country showing their confidence on PML-N government and policies of its visionary leadership.Talking to a private TV channel, he said Pakistan Muslim League Nawaz (PML-N) wining the elections everywhere in the country including Gilgit Baltistan, By-elections, Local Bodies and Azad Jammu and Kashmir.People of the country had showed confidence through their votes on dynamic leadership of Prime Minister Muhammad Nawaz Sharif and his ...