Trends - Musadik Malik - Business Recorder

Musadik Malik

Govt negotiating second cargo of discounted Russian crude

ISLAMABAD: The State Minister for Petroleum, Dr Musadik Malik, on Wednesday said that talks with Russia are...

Updated 13 Jul, 2023 09:11am

Markets

Pakistan negotiating for a second discounted Russia crude shipment

ISLAMABAD: Pakistan is negotiating to buy a second shipment of discounted Russian crude oil, the South Asian...

Updated 12 Jul, 2023 08:08pm

Construction of bonded warehouses: Policy introduced to facilitate foreign oil firms

LAHORE: Minister of State for Petroleum Dr Musadik Malik said on Wednesday that government had introduced a new...

Updated 29 Jun, 2023 03:21pm

Business & Finance

Bonded Bulk Storage Policy will end fuel hoarding, reduce pressure on rupee: Musadik Malik

Minister says second Russian oil shipment has reached Pakistan

Updated 28 Jun, 2023 08:16pm

Oil import on foreign supplier’s account: OCAC requests govt to convene meeting of stakeholders

ISLAMABAD: While raising questions on approval of policy guidelines regarding import of oil on foreign supplier’s...

Updated 28 Jun, 2023 09:01am

Markets

Second cargo carrying Russian crude oil arrives in Pakistan

A Russian oil vessel ‘Clyde Noble’ carrying crude oil reached Karachi on Tuesday and is currently anchored at the...

Updated 28 Jun, 2023 12:20am

ECC concerned at ‘higher generation cost’ of KE

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet is said to have expressed concerns over higher...

Updated 27 Jun, 2023 08:58am

LNG deal with Azerbaijan to help end gas crisis by next winter: Musadik

ISLAMABAD: State Minister for Petroleum Musadik Malik Wednesday assured that Pakistan’s Liquefied Natural Gas (LNG)...

Updated 22 Jun, 2023 08:59am

Pakistan

‘Same discount as for others’: Russian minister says Pakistan not receiving ‘special’ rate

Energy minister Nikolai Shulginov also says Russia agreed payment would be made in currencies of friendly countries

Updated 17 Jun, 2023 10:07pm

Pakistan

Paying for Russian oil in Chinese Yuan Pakistan’s own choice: US

US State Department spokesperson Matthew Miller says price cap imposed on Russian oil by Washington and allies has driven down price

Updated 14 Jun, 2023 12:26pm

Markets

Govt seeks spot LNG cargoes, inks supply deal with Azerbaijan

SINGAPORE: Pakistan has issued two tenders seeking spot liquefied natural gas (LNG) cargoes for the first time in...

Updated 14 Jun, 2023 10:33am

Business & Finance

More crude oil will be imported from Russia: Musadik

ISLAMABAD: Minister of State for Petroleum, Dr Musadik Malik on Tuesday said additional crude oil would be imported...

Published 14 Jun, 2023 06:21am

Markets

Cannot disclose commercial terms of contract, says Musadik Malik on Russian oil deal

State Minister for Petroleum Musadik Malik on Tuesday said the government cannot disclose its contractual terms of...

Updated 13 Jun, 2023 07:10pm

Markets

Russian oil: experts say ‘trial run’ vital to identify viability for Pakistan

Currently, details are not available, which makes it harder to assess cost impact for consumers

Updated 13 Jun, 2023 11:21pm

Business & Finance

Payment made in Chinese currency: govt

ISLAMABAD: Pakistan paid for its first government-to-government import of discounted Russian crude in Chinese...

Published 13 Jun, 2023 06:00am

Markets

Pakistan’s Russian crude shipment paid for in Chinese currency: Musadik Malik

Pakistan paid for its first government-to-government import of Russian crude in Chinese currency, State Minister for...

Updated 12 Jun, 2023 11:49pm

Business & Finance

Pakistan, Turkmenistan ink JIP to accelerate work on TAPI

ISLAMABAD: In a major development, Turkmenistan and Pakistan have signed a Joint Implementation Plan (JIP) to...

Published 09 Jun, 2023 06:20am

Direct containerised Karachi-Saint Petersburg shipping service inaugurated

KARACHI: In a bid to enhance energy growth and achieve a sustainable GDP growth rate of at least 5 percent, Pakistan...

Updated 26 May, 2023 08:56am

Markets

Pakistan will see $10bn investment in refinery sector 'very soon': Musadik Malik

Says its details cannot be shared at the moment, pitches Pakistan as 'investment-friendly' country

Updated 25 May, 2023 07:23pm

0.1m tons of Russian oil to arrive in first week of June

ISLAMABAD: The vessels carrying 100,000 tons of discounted Russian oil will arrive at Pakistan ports in the first...

Updated 25 May, 2023 08:52am

MoFA to discuss US sanctions on IP gas pipeline today

ISLAMABAD: The Ministry of Foreign Affairs (MoFA) has convened an inter-ministerial meeting on Wednesday (today) to...

Updated 24 May, 2023 08:42am

Markets

Govt to address IMF concerns on petroleum subsidy scheme, says Musadik

Minister of State for Petroleum Musadik Malik on Tuesday said that the government remains committed to addressing...

Updated 09 May, 2023 05:12pm

Markets

Pakistan buys Russian oil but sees diversified future

WASHINGTON: Facing a deep economic crisis, Pakistan has started to buy Russian oil, but the country’s petroleum...

Published 09 May, 2023 09:51am

Pakistan all set to get discounted Russian oil

ISLAMABAD: Prime Minister Shehbaz Sharif said on Thursday that everything was set for his country to receive a...

Updated 28 Apr, 2023 08:54am

Markets

Pakistan-Russia oil deal: Countries to make own sovereign decisions, says US

US State Dept spokesperson says Washington has never tried to keep Russian energy off the market

Updated 26 Apr, 2023 04:28pm

Markets

Pakistan places first order for discounted Russian crude

The deal will see Pakistan buy crude oil only, not refined fuels, says Musadik Malik

Updated 20 Apr, 2023 04:41pm

Business & Finance

Russian crude oil supply by end-April: minister

KARACHI: State Minister for Petroleum Musadik Malik on Wednesday said that crude oil supply from Russia to Pakistan...

Published 06 Apr, 2023 06:20am

Pakistan

Russia to send first oil consignment by May

ISLAMABAD: Russia will send its first consignment of crude oil to Pakistan by next month (May) after Islamabad ...

Published 04 Apr, 2023 03:24am

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

Financing fuel subsidy: Rich to pay Rs100 more per litre: govt

ISLAMABAD: The government will finance the fuel subsidy (discounted fuel) by charging Rs100 per litre more from the...

Updated 23 Mar, 2023 09:31am

Gainers
Losers
Leaders

Stock	Price
First Elite Cap.Mod / Dec 9 First Elite Capital Modaraba(FECM)	5 ▲ 1.00 (25.00%)
Chakwal Spinning / Dec 9 Chakwal Spinning Mills Limited(CWSM)	2.44 ▲ 0.40 (19.61%)
Punjab Mod / Dec 9 First Punjab Modaraba(FPJM)	1.98 ▲ 0.27 (15.79%)
Saritow Spinning / Dec 9 Saritow Spinning Mills Limited(SSML)	8.35 ▲ 1.00 (13.61%)
Jubilee Spinning / Dec 9 Jubilee Spinning & Weaving Mills Ltd.(JUBS)	8.80 ▲ 1.00 (12.82%)
F.Treet Manuf / Dec 9 First Treet Manufacturing Modaraba(FTMM)	4.60 ▲ 0.50 (12.20%)
K-Electric Ltd. / Dec 9 K-Electric Limited(KEL)	4.45 ▲ 0.48 (12.09%)
Samba Bank / Dec 9 Samba Bank Limited(SBL)	9.35 ▲ 1.00 (11.98%)
P.T.C.L. / Dec 9 Pakistan Telecommunication Company Ltd(PTC)	9.72 ▲ 1.00 (11.47%)
Dewan Textile / Dec 9 Dewan Textile Mills Limited(DWTM)	4.75 ▲ 0.47 (10.98%)

Stock	Price
Sec. Inv. Bank / Dec 9 Security Investment Bank Limited(SIBL)	5.74 ▼ -1.00 (-14.84%)
Tri-Star Mutual / Dec 9 Tri-Star Mutual Fund Limited(TSMF)	5.05 ▼ -0.49 (-8.84%)
Supernet Ltd. / Dec 9 Supernet Limited(GEMSPNL)	12.90 ▼ -1.05 (-7.53%)
Universal Network (GEM) / Dec 9 Universal Network Systems Limited (GEM)(GEMUNSL)	23.53 ▼ -1.91 (-7.51%)
Leather Up Ltd. / Dec 9 Leather Up Limited(LEUL)	10.54 ▼ -0.81 (-7.14%)
Trust Mod. / Dec 9 Trust Modaraba(TRSM)	2 ▼ -0.15 (-6.98%)
LSE Propetech / Dec 9 LSE Propetech Limited(LSEPL)	4.46 ▼ -0.33 (-6.89%)
Ismail Ind. / Dec 9 Ismail Industries Limited(ISIL)	1300 ▼ -95.00 (-6.81%)
Kohat Textile / Dec 9 Kohat Textile Mills Limited(KOHTM)	18.31 ▼ -1.19 (-6.10%)
Hoechst Pak. / Dec 9 Hoechst Pakistan Limited(HPL)	1200 ▼ -77.00 (-6.03%)

Stock	Volume
K-Electric Ltd. / Dec 9 K-Electric Limited(KEL)	341,598,066 ▲ 0.48
Cnergyico PK / Dec 9 Cnergyico PK Limited(CNERGY)	98,899,853 ▲ 0.02
WorldCall Telecom / Dec 9 Worldcall Telecom Limited(WTL)	97,311,739 ▲ 0.04
Hascol Petrol / Dec 9 Hascol Petroleum Limited(HASCOL)	60,506,500 ▲ 0.27
P.T.C.L. / Dec 9 Pakistan Telecommunication Company Ltd(PTC)	57,212,000 ▲ 1.00
Kohinoor Spining / Dec 9 Kohinoor Spinning Mills Limited(KOSM)	56,298,000 ▲ 0.42
Fauji Foods Ltd / Dec 9 Fauji Foods Limited(FFL)	47,608,697 ▲ 0.96
Pak Elektron / Dec 9 Pak Elektron Limited(PAEL)	42,544,241 ▲ 1.23
Hum Network / Dec 9 Hum Network Limited(HUMNL)	40,175,500 ▲ 0.07
TPL Properties / Dec 9 TPL Properties Limited(TPLP)	36,065,929 ▲ 0.08

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 8	284.30
USD PKR Interbank Buying / Dec 8	283.95
USD to Japanese Yen / Dec 8	143.72
USD to Swiss Franc / Dec 8	0.88
Pound Sterling to USD / Dec 8	1.26
Euro to USD / Dec 8	1.08
UK LIBOR % / Dec 7	5.48

Stock	Volume
S&P 500 / Dec 7	4585.59
Nasdaq / Dec 7	14340
Dow Jones / Dec 7	36117.38
India Sensex / Dec 8	69810.76
Tokyo Nikkei / Dec 8	32305.33
Hang Seng / Dec 8	16275.13
FTSE 100 / Dec 8	7514.73
Germany DAX 30 / Dec 8	16654.79
France CAC40 / Dec 8	7458.02

Item	Value
Karachi Cotton PKR/37.32 KG / Dec 7	17235
Gold 10 Grams PKR / Dec 7	187671
Crude Oil USD/Barrel / Dec 8	70.35
Gold Spot USD/Ounce / Dec 8	2031.22
Cotton US¢/pound / Dec 8	82.72

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