Trends - GAS - Business Recorder

GAS

50 oil and gas companies pledge to cut operational emissions

DUBAI: Fifty oil and gas companies representing 40 percent of global production pledged to decarbonise their...

Published 03 Dec, 2023 02:59am

Pakistan

JI supports industry's strike against gas tariff hike

KARACHI: Jamaat-e-Islami (JI) on Friday announced to back the strike called by the trade and industry for December ...

Published 02 Dec, 2023 05:09am

Markets

US natural gas futures decline

NEW YORK: US natural gas futures dropped to their lowest in about two months on Friday and were set for a third...

Published 26 Nov, 2023 03:31am

Markets

Continuous increase in price of electricity & gas beyond tolerance

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

Published 23 Nov, 2023 03:19am

GIDC collection: Rs341bn remains un-utilised

No Gas Infrastructure Development Cess collection has been released to Inter State Gas Systems (Private) Limited (ISGS) since its establishment in 1996

Updated 22 Nov, 2023 10:06am

Business & Finance

KCCI announces its protest plan against gas price hike

KARACHI: The Karachi Chamber of Commerce & Industry Tuesday unveiled its protests drive with frequent halts to...

Published 22 Nov, 2023 05:48am

Non-filers likely to face prospect of SIM disablment, gas/power suspension

ISLAMABAD: Over 250 District Taxation Officers of the Federal Board of Revenue (FBR) are expected to directly...

Updated 19 Nov, 2023 10:19am

Shamshad says another gas price hike to take place in Jan

ISLAMABAD: While emphasizing the importance of remaining in the International Monetary Fund (IMF) programme for...

Updated 17 Nov, 2023 08:38am

Business & Finance

BQATI opposes hike in gas tariffs

KARACHI: Bin Qasim Association of Trade and Industry (BQATI) has protested against the massive hike in industrial ...

Published 16 Nov, 2023 05:39am

Opinion

The gas saga

On June 2, 2023, Ogra (Oil and Gas Regulatory Authority) set an average price for both the Sui companies. The higher...

Updated 14 Nov, 2023 05:46am

Hike in gas tariffs: Exporters in deep trouble: TMAP

KARACHI: Towel Manufacturers Association of Pakistan called an extraordinary general meeting on Saturday (Nov 11),...

Updated 14 Nov, 2023 08:52am

Business & Finance

PHMA calls emergency EGM today

KARACHI: Pakistan Hosiery Manufacturers and Exporters Association (PHMA) on Friday called an emergency extraordinary...

Published 11 Nov, 2023 06:30am

Markets

Oil, gas: 70pc area remains unexplored

ISLAMABAD: Up to 70 percent area in Pakistan is still unexplored and needs to be evaluated for the exploration of...

Updated 08 Nov, 2023 08:31am

Business & Finance

KP’s textile mills oppose blended gas policy

PESHAWAR: The Khyber Pakhtunkhwa Textile Mills Association (KPTMA) has made a resounding declaration against the...

Published 08 Nov, 2023 05:42am

Opinion

It’s in country’s interest to proactively pursue offshore oil and gas exploration

The discovery of oil and gas has remarkably changed the fate of many countries. Not too long ago, people that used ...

Published 05 Nov, 2023 03:10am

APTMA sayssupports gas, RLNG pricing reforms

LAHORE: All Pakistan Textile Mills Association (APTMA) has fully supported the government’s decision on gas/ RLNG...

Updated 04 Nov, 2023 09:39am

Business & Finance

APTMA assails ‘unprecedented’ gas tariff hike

KARACHI: Zahid Mazhar, Chairman All Pakistan Textile Mills Association (APTMA) Southern Zone has strongly rejected...

Updated 03 Nov, 2023 09:36am

Pakistan

PPP says concerned at increase in gas tariffs

ISLAMABAD: Pakistan People’s Party (PPP) expressed serious concern over the increase in the price of natural gas...

Published 01 Nov, 2023 05:57am

Hike comes into effect from July: Rs65bn financial impact also added to gas tariff raise: govt

ISLAMABAD: The interim government has raised the gas prices up to 193 percent with effect from July 2023 for...

Updated 01 Nov, 2023 09:56am

Business & Finance

Hike in gas tariffs to trigger industry’s closure: VATEA

KARACHI: Textile makers-cum-exporters on Monday called the ECC’s proposed hike in the gas tariffs unjust and unwise,...

Published 31 Oct, 2023 05:26am

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

TMA concerned at ‘exorbitant’ hike in gas tariffs

KARACHI: Syed Usman Ali, Senior Vice Chairman of the Towel Manufacturers Association of Pakistan (TMA) has expressed...

Updated 28 Oct, 2023 09:13am

Gas tariff hike won’t affect 57pc consumers: govt

Minister for Energy Muhammad Ali says increase in gas tariffs will help control and end the ever-increasing circular debt of petroleum sector

Updated 27 Oct, 2023 11:30am

Industrial consumers: Three options tailored for ‘winter package’

ISLAMABAD: Power Division has tailored three options for country-wide four months (November 2023 to February 29,...

Updated 26 Oct, 2023 08:45am

Markets

Ogra notifies rise in RLNG rate

ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra) on Tuesday notified an increase in the price of RLNG by 3.87...

Published 25 Oct, 2023 06:19am

Opinion

Compelling need for implementing WACOG Law

For years, Pakistan has grappled with an energy crisis, with natural gas being a crucial component of the ...

Published 21 Oct, 2023 06:05am

Business & Finance

Qatar supplies gas to Europe, vying with US to replace Russia supply

DUBAI: Qatar has agreed to supply Shell in the Netherlands with gas for 27 years, the second such deal with a...

Published 19 Oct, 2023 05:10am

Markets

Possible hike in gas prices irks KPTMA

PESHAWAR: Reports about possible sharp increase in the prices of natural gas to match it with RLNG have irked the...

Published 16 Oct, 2023 05:47am

Markets

SNGPL says not issued any gas schedule

LAHORE: Sui Northern Gas Pipelines Limited (SNGPL) has denied issuance of any gas schedule by the company.According...

Published 13 Oct, 2023 05:50am

SIFC body seeks ‘Merit Order’ for gas supply

ISLAMABAD: The Executive Committee of SIFC has directed Petroleum Division to prepare ‘Merit Order’ for supply of...

Updated 13 Oct, 2023 08:54am

Gainers
Losers
Leaders

Stock	Price
Punjab Mod / Dec 5 First Punjab Modaraba(FPJM)	1.80 ▲ 0.20 (12.50%)
Popular Islamic / Dec 5 Popular Islamic Modaraba(PIM)	10.50 ▲ 1.00 (10.53%)
Bawany Air Products / Dec 5 Bawany Air Products Limited(BAPL)	11.28 ▲ 1.00 (9.73%)
Tri-Star Power / Dec 5 Tri-Star Power Limited(TSPL)	11.88 ▲ 1.00 (9.19%)
Trust Sec.& Brok. / Dec 5 Trust Securities & Brokerage Limited(TSBL)	12 ▲ 1.00 (9.09%)
Nazir Cotton Mills / Dec 5 Nazir Cotton Mills Limited(NCML)	3.91 ▲ 0.31 (8.61%)
First Elite Cap.Mod / Dec 5 First Elite Capital Modaraba(FECM)	3.50 ▲ 0.27 (8.36%)
Sakrand Sugar / Dec 5 Sakrand Sugar Mills Limited(SKRS)	9.94 ▲ 0.71 (7.69%)
Tariq Corporation / Dec 5 Tariq Corporation Limited(TCORP)	19.18 ▲ 1.34 (7.51%)
Matco Foods Ltd / Dec 5 Matco Foods Limited(MFL)	37.86 ▲ 2.64 (7.50%)

Stock	Price
Universal Ins. / Dec 5 The Universal Insurance Company Limited(UVIC)	6.45 ▼ -0.70 (-9.79%)
Power Cem(Pref) / Dec 5 Power Cement (Pref)(POWERPS)	7.80 ▼ -0.80 (-9.30%)
Unicap Modaraba / Dec 5 Unicap Modaraba(UCAPM)	1.81 ▼ -0.16 (-8.12%)
Universal Network (GEM) / Dec 5 Universal Network Systems Limited (GEM)(GEMUNSL)	26.11 ▼ -2.12 (-7.51%)
MithchellsFruit / Dec 5 Mitchells Fruit Farms Limited(MFFL)	225.64 ▼ -18.30 (-7.50%)
Otsuka Pakistan / Dec 5 Otsuka Pakistan Limited(OTSU)	159.25 ▼ -12.91 (-7.50%)
Olympia Mills / Dec 5 Olympia Mills Limited(OML)	16.31 ▼ -1.31 (-7.43%)
F.Credit & Inv / Dec 5 First Credit and Investment Bank Limited(FCIBL)	5.51 ▼ -0.43 (-7.24%)
Philip Morris Pak. / Dec 5 Philip Morris (Pakistan) Limited(PMPK)	510.70 ▼ -39.30 (-7.15%)
Saif Textile / Dec 5 Saif Textile Mills Limited(SAIF)	10.22 ▼ -0.77 (-7.01%)

Stock	Volume
Cnergyico PK / Dec 5 Cnergyico PK Limited(CNERGY)	58,087,694 ▲ 0.24
WorldCall Telecom / Dec 5 Worldcall Telecom Limited(WTL)	57,079,786 ▲ 0.01
Fauji Cement / Dec 5 Fauji Cement Company Limited(FCCL)	41,984,500 ▲ 0.28
Pak Refinery / Dec 5 Pakistan Refinery Limited(PRL)	30,480,397 ▲ 1.12
P.T.C.L. / Dec 5 Pakistan Telecommunication Company Ltd(PTC)	28,170,500 ▲ 0.47
Hascol Petrol / Dec 5 Hascol Petroleum Limited(HASCOL)	26,337,000 ▲ 0.36
Fauji Foods Ltd / Dec 5 Fauji Foods Limited(FFL)	26,128,740 ▲ 0.52
Oil & Gas Dev. / Dec 5 Oil & Gas Development Company Limited(OGDC)	23,810,103 ▼ -1.28
Pak Petroleum / Dec 5 Pakistan Petroleum Limited(PPL)	23,518,237 ▼ -0.58
Maple Leaf Cement / Dec 5 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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