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India’s fuel demand rises

BENGALURU: India’s fuel consumption rose 8.2% year-on-year in January, government data showed on Thursday, helped...

Published 09 Feb, 2024 03:29am

Markets

Russian oil flows through Red Sea still face lower risks

LONDON: Tankers carrying Russian oil have continued sailing through the Red Sea largely uninterrupted by Houthi...

Published 01 Feb, 2024 12:08pm

Markets

Red Sea worries cause spike in refined fuel prices, but market will adjust: Russell

LAUNCESTON: The main impact from the escalating tensions in the Middle East and the threat to ships transiting the...

Published 30 Jan, 2024 10:21am

World

Iran Guards seize foreign vessel carrying ‘smuggled’ fuel

TEHRAN: Iran’s Revolutionary Guards seized Sunday a foreign oil tanker carrying around two million litres of...

Updated 28 Jan, 2024 10:49pm

Markets

China’s fuel exports fall in December amid tight quotas, higher domestic demand

BEIJING: China’s exports of three major fuel products fell across the board in December from the previous year,...

Published 18 Jan, 2024 11:03am

Markets

US distillate inventories normalize as fuel demand slows

CHICAGO: Recent builds in US distillate stocks have pushed inventories to normal levels for the first time since...

Published 14 Jan, 2024 03:13am

World

Protests, strikes, fuel shortages as pensions fury rages in France

PARIS: French citizens protested and downed tools again on Thursday, with transport and refineries grinding to a ...

Published 24 Mar, 2023 05:55am

Ministry given six weeks to draft fuel relief package

Petroleum Minister Musadik Malik says package is a pricing scheme and not a subsidy

Updated 24 Mar, 2023 09:02am

Markets

India plans to extend fuel export curbs

NEW DELHI: India plans to extend restrictions on the export of diesel and gasoline after the current fiscal year ...

Published 21 Mar, 2023 06:29am

Markets

India plans to extend fuel export curbs beyond March

NEW DELHI: India plans to extend restrictions on the export of diesel and gasoline after the current fiscal year...

Published 20 Mar, 2023 10:21am

Markets

Improving India demand boosts thermal coal prices in Asia

NEW DELHI: Signs of stronger import demand from India have arrested the decline in price of the thermal coal grades...

Published 28 Feb, 2023 06:15am

Opinion

Energy sector reforms – II: low-hanging fruit rotting

Building on previous op-eds, we are aware of Pakistan’s energy sector challenges and measures requiring execution in...

Published 25 Jan, 2023 06:25am

BR Research

Power generation remains under pressure

It does not make headlines anymore, but electricity generation continues to dwindle month after month. At 8 billion...

Published 20 Jan, 2023 09:07am

Business & Finance

PCJCCI for low-cost energy projects in collaboration with China

LAHORE: Pakistan China Joint Chamber of Commerce and Industry (PCJCCI) urged the federal government to initiate...

Published 17 Jan, 2023 06:02am

BR Research

Electricity saving: It isn’t broke; don’t fix

So, energy conservation is the new plan. Nothing was ever seen before, but least needed than ever before. The idea ...

Published 22 Dec, 2022 07:54am

Editorials

The revenue shortfall

EDITORIAL: Tax revenue shortfall is projected at 800 billion rupees as per former Finance Minister Dr Hafeez A. ...

Published 19 Dec, 2022 06:00am

Fuel requirement for summer discussed

ISLAMABAD: Ministry of Energy (Petroleum Division and Power Division) on Monday held a meeting to discuss fuel...

Updated 13 Dec, 2022 09:41am

Opinion

Russian oil sanctions fuel boom for old tankers

The market for old oil tankers is booming, and it’s all down to efforts by Western nations to curb trade in ...

Updated 06 Dec, 2022 06:32am

BR Research

Cement: Coal buffers

While the cement industry certainly has a coal habit to kick, it’s costs of production continue to be heavily...

Published 29 Nov, 2022 08:47am

Power sector needs 315,730 MTs of fuel in 3 months

ISLAMABAD: National Power Control Centre (NPPC) has determined the accumulated fuel requirement of 315,730 MTs for...

Updated 15 Nov, 2022 09:40am

Putin moots gas hub in Turkey with Nord Stream supplies

MOSCOW: President Vladimir Putin said on Wednesday that Russia could redirect supplies intended for the damaged Nord...

Updated 13 Oct, 2022 09:43am

Opinion

Fact sheet: renewable energy

Prime Minister (PM) Shehbaz Sharif this week, in a meeting with a Chinese company that is interested to set up a...

Published 17 Sep, 2022 04:27am

Again, Putin offers the carrot of cheap fuel, energy security

Russian President Vladimir Putin says pipeline gas supplies to Pakistan were possible

Updated 16 Sep, 2022 10:54am

Markets

Oil rises 1pc on supply concerns, expectations for fuel switching

NEW YORK: Oil edged up 1% on Wednesday as an international energy watchdog expects an increase in gas-to-oil...

Published 15 Sep, 2022 07:16am

Markets

PIDE report underscores need for minimising govt ‘interference’ in gas sector

PESHAWAR: Report on a research study carried out by the Pakistan Institute of Development Economics (PIDE), entitled...

Published 12 Sep, 2022 07:23am

Business & Finance

IMF agrees to $2.9bn bailout for bankrupt Sri Lanka

COLOMBO: Bankrupt Sri Lanka agreed a conditional $2.9 billion bailout with International Monetary Fund negotiators ...

Published 02 Sep, 2022 06:00am

Markets

Asia’s gasoline

NEW DELHI: Asia’s gasoline crack continued to climb on Monday after crude oil benchmarks weakened, although gains...

Published 23 Aug, 2022 05:56am

Billions of people rely on wild species for food, fuel, income: UN

PARIS: Rampant exploitation of nature is a threat to the well-being of billions of people across the world who rely...

Updated 09 Jul, 2022 09:26am

Business & Finance

Experts call for increasing reliance on indigenous resources for power

LAHORE: While the country looking for borrowings from IMF, analysts called for introducing a long-term strategy to...

Published 20 Jun, 2022 05:51am

World

Sri Lankan woman rickshaw driver has to queue 12 hours, or more, for fuel

GONAPOLA: Lasanda Deepthi, a 43-year-old Sri Lankan woman, plans her day around fuel queues. The driver of an...

Published 31 May, 2022 12:56pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 22	278.62
USD PKR Interbank Buying / May 22	278.42
USD to Japanese Yen / May 22	156.32
USD to Swiss Franc / May 22	0.91
Pound Sterling to USD / May 22	1.27
Euro to USD / May 22	1.09

Stock	Volume
S&P 500 / May 21	5321.41
Nasdaq / May 21	16832.63
Dow Jones / May 21	39872.99
India Sensex / May 22	74007.26
Tokyo Nikkei / May 22	38615.77
Hang Seng / May 22	19241.22
FTSE 100 / May 22	8384.69
Germany DAX 30 / May 22	18694.36

Item	Value
Gold 10 Grams PKR / May 21	213048
Petrol/Litre / May 22	273.10
Crude Oil USD/Barrel / May 22	79.26
Karachi Cotton PKR/37.32 KG / May 22	19935
Gold Spot USD/Ounce / May 22	2413.48
Diesel/Litre / May 22	274.08

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 22 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 22 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 22 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 22 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 22 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 22 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 22 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 22 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 22 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 22 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 22 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 22 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 22 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 22 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 22 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 22 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 22 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 22 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 22 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 22 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 22 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 22 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 22 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 22 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 22 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 22 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 22 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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