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Energy

World Bank's support for reforms in energy sector praised

ISLAMABAD: Federal Minister for Petroleum Dr Musadik Malik and Federal Minister for Power Awais Leghari held a...

Published 07 May, 2024 06:28am

Energy

KE’s renewable ambitions garner interest from developers

KARACHI: While Pakistan contributes less than 1.0 percent towards global carbon emissions, a combination of...

Published 07 May, 2024 06:55am

Energy

Oil climbs as Gaza tensions rise, KSA hikes prices

HOUSTON: Oil futures rose on Monday after Saudi Arabia hiked June crude prices for most regions and as the prospect...

Published 07 May, 2024 07:30am

Energy

US natgas flows to Freeport LNG in Texas rise to 2-month high

NEW YORK: The amount of natural gas flowing to Freeport LNG’s export plant in Texas rose to a two-month high on...

Published 07 May, 2024 07:31am

Energy

OMAP for formation of dedicated unit within SIFC

LAHORE: The Oil Marketing Association of Pakistan (OMAP) has proposed the establishment of a dedicated unit within...

Published 07 May, 2024 06:23am

Energy

Gasoline demand growth to slow this year on EV growth in China, US

NEW DELHI: Global petrol demand growth could halve in 2024, squeezing second-half refinery margins, analysts said,...

Published 06 May, 2024 11:51am

Energy

Oil climbs as Gaza tensions rise, Saudi Arabia hikes prices

LONDON: Oil futures climbed on Monday after Saudi Arabia hiked June crude prices for most regions and as the...

Updated 06 May, 2024 04:50pm

Energy

Minister says Thar coal best suited for gasification

KARACHI: Sindh Minister for Energy, Planning and Development Syed Nasir Hussain Shah presided over a meeting on ...

Published 06 May, 2024 05:30am

Energy

Saudi Arabia’s non-oil business activity growth steady in April-PMI

DUBAI: Saudi Arabia’s non-oil business activity grew at a steady rate in April despite a slowdown in new order...

Published 05 May, 2024 01:31pm

Energy

Coal power producer fails to stop regulator from en-cashing bank guarantee

LAHORE: A coal power producer has failed to stop the regulator from encashing performance bank guarantee, said...

Published 05 May, 2024 02:54am

Energy

Oil prices down on US jobs data

NEW YORK: Oil prices settled lower on Friday, and posted their steepest weekly loss in three months as investors...

Published 05 May, 2024 02:54am

Energy

US natural gas futures jump on rising LNG feedgas

NEW YORK: US natural gas futures jumped by about 5% on Friday and a record 33% for the week to a 13-week high as the...

Published 05 May, 2024 02:54am

Energy

OPEC+ likely to extend production cuts in June

LONDON: Saudi Arabia and its allies in OPEC+ are likely to keep oil production unchanged for a further three months...

Published 05 May, 2024 02:54am

Energy

Industries, CNG stations: SSGC announces 24-hour gas holiday on 5th

KARACHI: Sui Southern Gas Company (SSGC) has announced 24-hour gas holiday for industries including their power...

Published 04 May, 2024 05:48am

Energy

Apr POL products’ sales down 6pc YoY

KARACHI: The petroleum products sales in Pakistan recorded a decline of 6 percent on year-on-year and 4 percent on...

Published 04 May, 2024 05:48am

Energy

Global LNG: Asia spot LNG price rises on hotter summer forecast, supply concerns

LONDON: Asian spot liquefied natural gas (LNG) prices rose this week on forecasts for higher cooling demand this...

Published 03 May, 2024 07:27pm

Energy

Sales of petroleum products fall by 6% in April

Sale of total petroleum products in Pakistan clocked in at 1.1 million tons in April, a decline of 6% year-on-year...

Updated 03 May, 2024 10:49pm

Energy

UAE’s April non-oil business activity slows sharply on flood impact, PMI shows

DUBAI: Growth in the United Arab Emirates’ non-oil business sector eased to its lowest level in eight months in...

Published 03 May, 2024 10:26am

Energy

Oil prices set for steepest weekly drop in 3 months

LONDON: Oil prices edged higher on Friday yet remained on course for their steepest weekly loss in three months...

Updated 03 May, 2024 05:37pm

Energy

SSGC removes over 5,200 illegal gas connections

KARACHI: In a relentless effort to control the menace of gas theft, SSGC continued to conduct raids in its franchise...

Published 03 May, 2024 06:29am

Energy

China solar power development driving down production costs

LAHORE: China large-scale development of solar power, coupled with continuous innovation and a complete industrial...

Published 03 May, 2024 06:29am

Energy

April sales 6-month low: OMCs

ISLAMABAD: Oil marketing companies (OMCs) in April 2024 posted monthly sales of 1.1mn tons which is six months low...

Published 03 May, 2024 06:29am

Energy

For fortnight from May 1: Exchange rate adjustment on petrol, diesel allowed

ISLAMABAD: The federal government allowed per litre exchange rate adjustment of Rs1.14 per litre on petrol and 17...

Published 03 May, 2024 06:29am

Energy

Shell Pakistan launches Shell Lubricant Solutions

Shell, the leading global supplier of finished lubricants for 17 consecutive years, has launched Shell Lubricant...

Published 02 May, 2024 05:06pm

Energy

Oil slides to 7-week low

NEW YORK: Oil prices fell to a seven-week low for the second consecutive session on Thursday, weighed by weakening...

Published 03 May, 2024 06:29am

Energy

Asia’s crude oil imports slip in April, trail OPEC forecasts: Russell

LAUNCESTON: Asia’s imports of crude oil slipped slightly in April from March, as increased arrivals in China failed...

Published 02 May, 2024 11:04am

Energy

Bangladesh’s RPGCL seeks three LNG cargoes for June delivery, sources say

SINGAPORE: Bangladesh’s state-owned Rupantarita Prakritik Gas Company Ltd (RPGCL) has issued a tender seeking three...

Published 02 May, 2024 10:26am

Energy

Oil prices rebound after closing at seven-week low

LONDON: Oil prices rose on Thursday, rebounding from three days of losses that took prices to their lowest since...

Updated 02 May, 2024 06:02pm

Energy

OMAP urges govt to remove 20-day stock cover requirement

LAHORE: The Oil Marketing Association of Pakistan (OMAP) has urged the government to remove the 20-day stock cover...

Updated 02 May, 2024 05:21am

Energy

Energy sector experts say ‘solar tax is not a hoax’

LAHORE: The energy sector experts have feared that the solar tax was not a hoax. Rather, it was a litmus check to...

Published 02 May, 2024 04:58am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 6	278.40
USD PKR Interbank Buying / May 6	278.20
USD to Japanese Yen / May 6	154.45
USD to Swiss Franc / May 6	0.91
Pound Sterling to USD / May 6	1.26
Euro to USD / May 6	1.08

Stock	Volume
S&P 500 / May 6	5180.74
India Sensex / May 6	73895.54
Tokyo Nikkei / May 6	38616.50
Nasdaq / May 6	16349.25
Hang Seng / May 6	18511.78
FTSE 100 / May 6	8213.49
Dow Jones / May 6	38852.27
Germany DAX 30 / May 6	18175.21

Item	Value
Crude Oil USD/Barrel / May 6	78.67
Karachi Cotton PKR/37.32 KG / May 6	19935
Gold 10 Grams PKR / May 6	206190
Gold Spot USD/Ounce / May 6	2322.75
Cotton US¢/pound / May 6	77.75
Petrol/Litre / May 7	288.49

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 7 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 7 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 7 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 7 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 7 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 7 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 7 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 7 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 7 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 7 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 7 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 7 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 7 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 7 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 7 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 7 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 7 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 7 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 7 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 7 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 7 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 7 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 7 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 7 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 7 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 7 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 7 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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