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Musadik Malik

Reaction to Musadik’s, Kundi’s offer: No talks with ‘beneficiaries of Form 47’: PTI

ISLAMABAD: The Pakistan Tehreek-e-Insaf (PTI) reacted to the dialogue offer from Minister for Petroleum Division and...

Updated 02 Jun, 2024 09:22am

Business & Finance

Positive signs indicate economic turnaround: Musadik

ISLAMABAD: Minister for Petroleum Musadik Malik said on Sunday that both internal and external economic indicators...

Published 27 May, 2024 05:52am

Business & Finance

Gems, precious stones sector: PM seeks steps to elevate status

ISLAMABAD: Prime Minister Muhammad Shehbaz Sharif wanted taking steps to give the status of regular industry to the...

Published 23 May, 2024 05:15am

Visit to begin on 5th: PM sets up panel to facilitate private sector team from KSA

Pakistan is eyeing an investment of up to $15-20 billion from Saudi Arabia in different sectors/ fields including purchase of public sector entities or share purchases

Updated 02 May, 2024 12:05pm

Business & Finance

PM forms body to probe Matiari Transmission Line underutilisation

ISLAMABAD: Prime Minister Shehbaz Sharif has constituted a committee headed by Minister for Petroleum Senator...

Updated 19 Apr, 2024 09:34am

Business & Finance

Turkmen envoy says TAPI is a win-win project

ISLAMABAD: Ambassador of Turkmenistan Atadjan Molamov called on Federal Minister for Petroleum, Dr Musadik Malik in...

Published 27 Mar, 2024 04:38am

Business & Finance

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

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 12	278.72
USD PKR Interbank Buying / Jun 12	278.47
USD to Japanese Yen / Jun 12	157.24
USD to Swiss Franc / Jun 12	0.90
Pound Sterling to USD / Jun 12	1.27
Euro to USD / Jun 12	1.07

Stock	Volume
S&P 500 / Jun 11	5375.32
Nasdaq / Jun 11	17343.55
FTSE 100 / Jun 11	8147.81
Dow Jones / Jun 11	38747.42
Germany DAX 30 / Jun 11	18369.94
France CAC40 / Jun 11	7789.21
India Sensex / Jun 12	76895.82
Tokyo Nikkei / Jun 12	38876.71

Item	Value
Karachi Cotton PKR/37.32 KG / Jun 11	19935
Petrol/Litre / Jun 12	268.36
Crude Oil USD/Barrel / Jun 12	78.46
Gold 10 Grams PKR / Jun 12	207390
Gold Spot USD/Ounce / Jun 12	2315.02
Diesel/Litre / Jun 12	270.22

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Jun 12 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Jun 12 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Jun 12 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Jun 12 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Jun 12 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Jun 12 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Jun 12 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Jun 12 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Jun 12 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Jun 12 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Jun 12 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Jun 12 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Jun 12 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Jun 12 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Jun 12 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Jun 12 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Jun 12 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Jun 12 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

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

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