Trends - energy sector - Business Recorder

energy sector

Integrated energy planning project: caretaker federal minister reviews progress

ISLAMABAD: The Minister of Planning, Development and Special Initiatives reviewed progress on the Integrated Energy...

Published 01 Dec, 2023 04:43am

Business & Finance

Mughal Iron & Steel Industries completes acquisition of energy subsidiary

Mughal Iron & Steel Industries Limited, one of Pakistan’s largest steel manufacturers, has successfully...

Updated 30 Nov, 2023 10:48pm

Opinion

A single fuel regime for Pakistan

Energy in Pakistan has always been a sore point, especially because availability waxes and wanes and so does the...

Updated 29 Nov, 2023 05:32am

Economist terms energy sector ‘black hole’

ISLAMABAD: Dr Hafeez Pasha, former finance minister, Wednesday, while identifying key areas which undermine human...

Updated 23 Nov, 2023 08:45am

Major oil and gas reserves discovered at Shah Bandar

KARACHI: Pakistan Petroleum Limited (PPL) has made a gas and condensate discovery from exploration well, Jhim East...

Updated 21 Nov, 2023 09:32am

Markets

Pakistan seeks LNG cargo for January

The tender will close on November 24, while the delivery window is January 8-9

Updated 20 Nov, 2023 10:21pm

Markets

PPL discovers hydrocarbon reserves in Sindh

Pakistan Petroleum Limited (PPL), a key supplier of natural gas in the country, has discovered hydrocarbon reserves...

Published 20 Nov, 2023 11:19am

BR Research

IMF: finally, a timely review!

As expected, the IMF review has been successful. Pakistanis witnessed smooth sailing through a Fund review after a...

Published 17 Nov, 2023 09:08am

Investment co-op in energy sector: ‘Framework’ may be signed during PM’s visit to UAE

ISLAMABAD: The United Arab Emirates (UAE) and Pakistan are likely to sign a framework on investment cooperation in...

Updated 17 Nov, 2023 09:48am

Ogra and PRL ink ‘crucial’ agreement

ISLAMABAD: In a landmark development aligning with Pakistan’s refining policy, the Oil and Gas Regulatory Authority...

Updated 17 Nov, 2023 08:38am

IMF, govt reach SLA on first SBA review

ISLAMABAD: The International Monetary Fund (IMF) staff and the Pakistani authorities have reached a staff-level...

Updated 16 Nov, 2023 09:36am

TAPI project: Turkmenistan seeks US nod for relaxation of Kabul sanctions?

ISLAMABAD: Turkmenistan is said to have approached Washington for relaxation of sanctions on Afghanistan for...

Updated 11 Nov, 2023 09:34am

Energy projects sans Chinese IPPs: PPIB resubmits transition from LIBOR to ‘SOFR’

ISLAMABAD: The Private Power and Infrastructure Board (PPIB) has resubmitted the transition from LIBOR to SOFR for...

Updated 31 Oct, 2023 10:02am

Opinion

Net zero and Pakistan’s energy system: no more business as usual

Net Zero is an international agreement for climate action that aims to achieve a balanced state of greenhouse gases...

Updated 30 Oct, 2023 06:07am

Opinion

No more gas circular debt buildup?

Gas price rationalization is a big reform undertaken by the caretaker government in view of the fact that in the ...

Updated 30 Oct, 2023 06:01am

From Libor to SOFR: DFIs anxiously waiting for transition

10 Development Finance Institutions wait for transition from USD London Interbank Offer Rate to Secured Over Night Financing Rate in Pakistani energy sector

Updated 23 Oct, 2023 10:11am

Pakistan

Pakistan completes projects worth $25bn under CPEC, says Kakar

Clean energy projects were expected to be completed in four to five years, adds the caretaker PM

Updated 18 Oct, 2023 10:23pm

BR Research

Power sector planning critical to sustainability

Pakistan’s energy sector (especially power) is facing a trilemma of affordability, access, and sustainability, and...

Published 18 Oct, 2023 08:39am

Opinion

It’s time to close the sustainable energy gaps in Asia and the Pacific

This year we pass the halfway mark both on our journey towards implementing the 2030 Agenda for Sustainable...

Published 16 Oct, 2023 05:47am

Opinion

No more business as usual—IV

Survival is increasingly challenging and overhaul of the economy is only possible with a credible roadmap undertaken...

Updated 12 Oct, 2023 06:40am

Opinion

Privatising Discos: tread with caution

On 13th July 2023, IMF’s Executive Board while approving US$3 billion Stand-by Arrangement (SBA) for Pakistan...

Updated 10 Oct, 2023 06:49am

Hydel power projects in KP: KOEN accuses Nepra of delaying feasibility stage tariff

ISLAMABAD: Koran firm, Korea South-East Power Company (KOEN) has accused National Electric Power Regulatory(Nepra),...

Updated 07 Oct, 2023 10:00am

Markets

Pakistan seeking Middle East investment & tech in energy sector: minister

Pakistan’s Caretaker Minister of Energy, Power and Petroleum, Muhammad Ali has said that the country is seeking...

Updated 04 Oct, 2023 10:42pm

Markets

TSX tumbles to near seven-month low

BENGALURU: Canada’s main stock index fell to a near seven-month low as a decline in gold and oil prices dragged...

Published 03 Oct, 2023 06:02am

Pakistan

Afghan Taliban listening to Pakistan's concerns, says PM Kakar

Premier says Pakistan faces challenges at the western border related to terrorism

Updated 16 Sep, 2023 07:49pm

Opinion

Decoupling of energy and growth in Pakistan

Pakistan’s energy demand has risen by 2.4%, but 25% of the population still lacks electricity. Shortages and...

Updated 14 Sep, 2023 06:42am

Opinion

The energy quagmire

When something sounds too good to be true, it usually is. ‘Increase electricity consumption to lower the...

Published 11 Sep, 2023 07:00am

Technology

SSGC represents Pakistan at Gastech 2023

KARACHI: Gastech 2023, one of the world’s largest international platforms for exhibition-cum-conference on natural...

Published 08 Sep, 2023 06:01am

Business & Finance

Need stressed to raise Pak-Iran trade volumes

ISLAMABAD: Minister for Planning, Development and Special Initiatives Sami Saeed said that there is a need to ...

Published 31 Aug, 2023 06:00am

BR Research

Energy sector: The royal mess

It appears the masses have finally had it. The protests over electricity bills may well be sporadic and leaderless –...

Published 29 Aug, 2023 08:47am

Gainers
Losers
Leaders

Stock	Price
Punjab Mod / Dec 6 First Punjab Modaraba(FPJM)	1.80 ▲ 0.20 (12.50%)
Popular Islamic / Dec 6 Popular Islamic Modaraba(PIM)	10.50 ▲ 1.00 (10.53%)
Bawany Air Products / Dec 6 Bawany Air Products Limited(BAPL)	11.28 ▲ 1.00 (9.73%)
Tri-Star Power / Dec 6 Tri-Star Power Limited(TSPL)	11.88 ▲ 1.00 (9.19%)
Trust Sec.& Brok. / Dec 6 Trust Securities & Brokerage Limited(TSBL)	12 ▲ 1.00 (9.09%)
Nazir Cotton Mills / Dec 6 Nazir Cotton Mills Limited(NCML)	3.91 ▲ 0.31 (8.61%)
First Elite Cap.Mod / Dec 6 First Elite Capital Modaraba(FECM)	3.50 ▲ 0.27 (8.36%)
Sakrand Sugar / Dec 6 Sakrand Sugar Mills Limited(SKRS)	9.94 ▲ 0.71 (7.69%)
Tariq Corporation / Dec 6 Tariq Corporation Limited(TCORP)	19.18 ▲ 1.34 (7.51%)
Matco Foods Ltd / Dec 6 Matco Foods Limited(MFL)	37.86 ▲ 2.64 (7.50%)

Stock	Price
Universal Ins. / Dec 6 The Universal Insurance Company Limited(UVIC)	6.45 ▼ -0.70 (-9.79%)
Power Cem(Pref) / Dec 6 Power Cement (Pref)(POWERPS)	7.80 ▼ -0.80 (-9.30%)
Unicap Modaraba / Dec 6 Unicap Modaraba(UCAPM)	1.81 ▼ -0.16 (-8.12%)
Universal Network (GEM) / Dec 6 Universal Network Systems Limited (GEM)(GEMUNSL)	26.11 ▼ -2.12 (-7.51%)
MithchellsFruit / Dec 6 Mitchells Fruit Farms Limited(MFFL)	225.64 ▼ -18.30 (-7.50%)
Otsuka Pakistan / Dec 6 Otsuka Pakistan Limited(OTSU)	159.25 ▼ -12.91 (-7.50%)
Olympia Mills / Dec 6 Olympia Mills Limited(OML)	16.31 ▼ -1.31 (-7.43%)
F.Credit & Inv / Dec 6 First Credit and Investment Bank Limited(FCIBL)	5.51 ▼ -0.43 (-7.24%)
Philip Morris Pak. / Dec 6 Philip Morris (Pakistan) Limited(PMPK)	510.70 ▼ -39.30 (-7.15%)
Saif Textile / Dec 6 Saif Textile Mills Limited(SAIF)	10.22 ▼ -0.77 (-7.01%)

Stock	Volume
Cnergyico PK / Dec 6 Cnergyico PK Limited(CNERGY)	58,087,694 ▲ 0.24
WorldCall Telecom / Dec 6 Worldcall Telecom Limited(WTL)	57,079,786 ▲ 0.01
Fauji Cement / Dec 6 Fauji Cement Company Limited(FCCL)	41,984,500 ▲ 0.28
Pak Refinery / Dec 6 Pakistan Refinery Limited(PRL)	30,480,397 ▲ 1.12
P.T.C.L. / Dec 6 Pakistan Telecommunication Company Ltd(PTC)	28,170,500 ▲ 0.47
Hascol Petrol / Dec 6 Hascol Petroleum Limited(HASCOL)	26,337,000 ▲ 0.36
Fauji Foods Ltd / Dec 6 Fauji Foods Limited(FFL)	26,128,740 ▲ 0.52
Oil & Gas Dev. / Dec 6 Oil & Gas Development Company Limited(OGDC)	23,810,103 ▼ -1.28
Pak Petroleum / Dec 6 Pakistan Petroleum Limited(PPL)	23,518,237 ▼ -0.58
Maple Leaf Cement / Dec 6 Maple Leaf Cement Factory Limited(MLCF)	22,423,667 ▲ 0.19

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 5	284.60
USD PKR Interbank Buying / Dec 5	284.20
USD to Japanese Yen / Dec 5	146.80
USD to Swiss Franc / Dec 5	0.87
Pound Sterling to USD / Dec 5	1.26
Euro to USD / Dec 5	1.08
UK LIBOR % / Dec 1	5.46

Stock	Volume
S&P 500 / Dec 4	4569.78
Nasdaq / Dec 4	14185.50
Dow Jones / Dec 4	36204.44
India Sensex / Dec 5	69356.82
Tokyo Nikkei / Dec 5	32782.14
Hang Seng / Dec 5	16405.25
FTSE 100 / Dec 5	7475.73
Germany DAX 30 / Dec 5	16399.89
France CAC40 / Dec 5	7341.86

Item	Value
Karachi Cotton PKR/37.32 KG / Dec 1	17235
Gold 10 Grams PKR / Dec 4	191701
Crude Oil USD/Barrel / Dec 5	73
Gold Spot USD/Ounce / Dec 5	2033.31
Cotton US¢/pound / Dec 5	78.78

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