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GAS

Electricity generation dips 4% in February as economic slowdown continues

China Power Hub Generation and Thar Energy Limited generated zero electricity during February due to coal import issues

Published 22 Mar, 2023 05:15pm

No subsidized gas for fertilizer plants after May

Decision taken at a recent meeting of the ECC when supply of subsidized gas to two urea fertilizer plants in Punjab came under discussion

Updated 21 Mar, 2023 01:05pm

Urea production: Fertiliser plants to get gas till May 31st: ECC

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has decided to supply indigenous gas to urea...

Updated 16 Mar, 2023 10:00am

Markets

OGDCL drills 4 wells, makes 3 discoveries in 1HFY23

ISLAMABAD: Oil and Gas Development Company Limited (OGDCL) has drilled four exploratory wells and made three...

Published 13 Mar, 2023 06:15am

Recovery of actual gas cost: Petroleum Div proposes amendments to law

ISLAMABAD: Petroleum Division has proposed amendments to the Natural Gas (Development Surcharge) Ordinance, aimed at...

Updated 13 Mar, 2023 09:13am

World

Germany plans 2024 oil and gas boiler ban

BERLIN: Germany on Thursday presented controversial plans to ban the installation of new oil and gas boilers from...

Published 09 Mar, 2023 07:38pm

SSGC seeks 26.9pc raise in gas prices

ISLAMABAD: The Sui Southern Gas Company (SSGC) has filed a petition for an increase of 26.9 percent or Rs83.16 per...

Updated 03 Mar, 2023 09:00am

Markets

Iraq signs oil and gas deals with UAE’s Crescent Petroleum, two Chinese firms

BAGHDAD: Iraq signed deals with UAE firm Crescent Petroleum and two Chinese companies on Tuesday for the development...

Published 27 Feb, 2023 06:17am

Russian oil and gas will start reaching this year: govt

LAHORE: Minister of State for Petroleum Division Dr Musadiq Masood Malik has said under the Pak-Russia agreement,...

Updated 20 Feb, 2023 08:52am

16.6pc to 124pc hike in gas tariff notified

ISLAMABAD: Oil and Gas Regulatory Authority (OGRA) on Wednesday notified 16.6 percent to 124 percent hike in the...

Updated 16 Feb, 2023 08:58am

Opinion

New gas tariff and circular debt

Finally, much-awaited new gas tariff has been announced by government under negotiations with the International...

Updated 15 Feb, 2023 06:50am

Markets

Natgas flows to Freeport LNG’s Texas export plant jump

NEW YORK: The amount of natural gas flowing from pipelines to Freeport LNG’s longidled export plant in Texas was ...

Published 14 Feb, 2023 05:58am

Gas prices hiked

ISLAMABAD: The government has increased up to 124 percent in the gas prices for domestic consumers from January 1,...

Updated 14 Feb, 2023 09:08am

Markets

Pakistan plans to quadruple domestic coal-fired power, move away from gas

ISLAMABAD: Pakistan plans to quadruple its domestic coal-fired capacity to reduce power generation costs and will ...

Published 14 Feb, 2023 01:00am

Gas tariffs to be raised for consumers of SNGPL, SSGC

ISLAMABAD: Gas tariffs will have to be raised by Rs 98 per mmbtu for SNGPL consumers and Rs 109.91 per mmbtu for ...

Updated 11 Feb, 2023 05:15pm

Business & Finance

Rs22.52bn cross-subsidy for LPG air mix supply declined

ISLAMABAD: Federal government has declined a request of gas companies- Sui Northern Gas Pipeline Limited (SNGPL) and...

Published 07 Feb, 2023 06:07am

Markets

Iran signs $900m deal with local firm to develop Gulf gas field

DUBAI: Iran signed a $900 million contract on Saturday with Iranian Offshore Engineering and Construction Co (IOEC)...

Published 05 Feb, 2023 03:10am

Opinion

Europe looks to geothermal energy as gas alternative

The heating plant in Munich’s southern Sendling neighbourhood has been run for more than a century on gas, often...

Published 04 Feb, 2023 06:08am

Panel asks PD to broker agreements between govt, gas producing provinces

ISLAMABAD: A parliamentary panel, on Thursday, asked the Petroleum Division to provide gas sale and purchase...

Updated 03 Feb, 2023 08:57am

World

Norway not a war profiteer, PM says

HAMMERFEST: Norway has grown richer by the minute as the conflict in Ukraine boosts its gas revenues, but the ...

Published 02 Feb, 2023 06:12am

Markets

US natgas drops on forecasts for milder weather

NEW YORK: US natural gas futures dropped about 5% to a 21-month low on Monday on forecasts for warmer weather and...

Published 01 Feb, 2023 07:10am

Markets

US natgas futures down

NEW YORK: US natural gas futures fell about 2% to a fresh 20-month low on Friday ahead of the expiration of the...

Published 29 Jan, 2023 03:15am

Business & Finance

TAL JV allowed to sell Mamikhel gas

ISLAMABAD: The government has allowed TAL Joint Venture to sell gas from Mamikhel South discovery to third party...

Updated 28 Jan, 2023 08:44am

Business & Finance

SNGPL says has reduced UfG losses by 23,348mmcf

ISLAMABAD: The Sui Northern Gas Pipeline Limited (SNGPL) has claimed to reduce the unaccountable for gas (UfG)...

Updated 28 Jan, 2023 08:43am

Markets

US natgas futures fall on forecasts for better weather

NEW YORK: US natural gas futures dropped about 5% to a 19-month low on Wednesday on forecasts for less cold weather...

Published 26 Jan, 2023 05:58am

Loss-cutting targets: PM Secretariat seeks report on gas utilities’ failure

ISLAMABAD: Prime Minister Secretariat asked the Petroleum Division about the actions being taken by the two gas...

Updated 26 Jan, 2023 09:15am

Markets

US natgas ends steady as forecasts for lower demand offset output drop

NEW YORK: US natural gas futures were little changed on Tuesday as bearish forecasts for less heating demand over ...

Published 25 Jan, 2023 06:25am

Business & Finance

Loss-making PSEs: business community leader advocates sell-off

KARACHI: Chairman of National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum, and...

Published 25 Jan, 2023 06:25am

Import of LNG: ECC is all set to approve PLL-SOCAR pact

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet is all set to approve the pact between Pakistan...

Updated 25 Jan, 2023 08:53am

Business & Finance

BASF shareholders say WD’s Russia exit sets up oil and gas IPO

BERLIN/FRANKFURT: BASF investors said that oil and gas business Wintershall Dea’s exit from Russia, though ...

Published 23 Jan, 2023 05:57am

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Mar 26 786 Investments Limited(786)	4.95 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Mar 26 Al-Abbas Sugar Mills Limited(AABS)	361.20 ▼ 0.00 (0.00%)
Agro Allianz / Mar 26 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Mar 26 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Mar 26 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Mar 26 Allied Bank Limited(ABL)	62.50 ▼ 0.00 (0.00%)
Abbott Lab. / Mar 26 Abbott Laboratories (Pakistan) Limited(ABOT)	398.28 ▼ 0.00 (0.00%)
Abson Ind. / Mar 26 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Mar 26 Alfalah Consumer Index ETF.(ACIETF)	6.72 ▼ 0.00 (0.00%)
Attock Cement / Mar 26 Attock Cement Pakistan Limited(ACPL)	56.07 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Mar 26 786 Investments Limited(786)	4.95 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Mar 26 Al-Abbas Sugar Mills Limited(AABS)	361.20 ▲ 0.00 (0.00%)
Agro Allianz / Mar 26 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Mar 26 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Mar 26 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Mar 26 Allied Bank Limited(ABL)	62.50 ▲ 0.00 (0.00%)
Abbott Lab. / Mar 26 Abbott Laboratories (Pakistan) Limited(ABOT)	398.28 ▲ 0.00 (0.00%)
Abson Ind. / Mar 26 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Mar 26 Alfalah Consumer Index ETF.(ACIETF)	6.72 ▲ 0.00 (0.00%)
Attock Cement / Mar 26 Attock Cement Pakistan Limited(ACPL)	56.07 ▲ 0.00 (0.00%)

Stock	Volume
WorldCall Telecom / Mar 26 Worldcall Telecom Limited(WTL)	4,011,170 ▲ 0.00
Telecard Limited / Mar 26 Telecard Limited(TELE)	3,877,000 ▲ 0.00
TPL Properties / Mar 26 TPL Properties Limited(TPLP)	1,839,174 ▲ 0.00
Pak Elektron / Mar 26 Pak Elektron Limited(PAEL)	1,788,500 ▲ 0.00
Fauji Cement / Mar 26 Fauji Cement Company Limited(FCCL)	1,517,500 ▲ 0.00
Ghani Glo Hol / Mar 26 Ghani Global Holdings Limited(GGL)	1,464,753 ▲ 0.00
TRG Pak Ltd / Mar 26 TRG Pakistan Limited(TRG)	1,323,297 ▲ 0.00
Cnergyico PK / Mar 26 Cnergyico PK Limited(CNERGY)	1,307,610 ▲ 0.00
Fauji Foods Ltd / Mar 26 Fauji Foods Limited(FFL)	1,204,138 ▲ 0.00
Hascol Petrol / Mar 26 Hascol Petroleum Limited(HASCOL)	1,161,000 ▲ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Mar 22	285.50
USD PKR Interbank Buying / Mar 22	283.20
USD to Japanese Yen / Mar 24	130.73
USD to Swiss Franc / Mar 24	0.92
Pound Sterling to USD / Mar 24	1.22
Euro to USD / Mar 24	1.08
UK LIBOR % / Mar 22	4.56

Stock	Volume
S&P 500 / Mar 24	3970.99
India Sensex / Mar 24	57527.10
Tokyo Nikkei / Mar 24	27385.25
Nasdaq / Mar 24	11823.96
Hang Seng / Mar 24	19915.68
FTSE 100 / Mar 24	7405.45
Dow Jones / Mar 24	32237.53
Germany DAX 30 / Mar 24	14957.23
France CAC40 / Mar 24	7015.10

Item	Value
Karachi Cotton PKR/37.32 KG / Mar 21	19235
Gold 10 Grams PKR / Mar 22	175068
Crude Oil USD/Barrel / Mar 24	69.26
Gold Spot USD/Ounce / Mar 24	1978.21
Cotton US¢/pound / Mar 24	76.54

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