Trends - OIL IMPORTS - Business Recorder

OIL IMPORTS

Malaysian palm oil flat on low supply concerns

SINGAPORE: Malaysian palm oil futures were little changed on Friday, as concerns over lower supply outweighed ...

Published 05 Nov, 2023 03:10am

Pakistan’s imports of Russian crude face port, refinery, currency constraints

KARACHI: Pakistan is unlikely to meet a target for Russian crude to make up two-thirds of its oil imports, despite...

Updated 01 Aug, 2023 08:56am

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

Jeddah-based ITFC signs deal to fund $1.4bn of Bangladesh oil imports

JEDDAH: The International Islamic Trade Finance Corporation (ITFC), which is based in Jeddah, signed a $1.4 billion...

Updated 09 Jul, 2023 09:05am

Business & Finance

80pc of oil imports ferried into Pakistan thru PNSC: chairman

KARACHI: Rear Admiral Jawad Ahmed, Chairman and CEO of the Pakistan National Shipping Corporation (PNSC), said a...

Published 23 Jun, 2023 06:00am

FO defends procurement of crude oil from Russia

ISLAMABAD: Foreign Office on Thursday defended Pakistan’s procurement of “affordable” crude oil from Russia as a...

Updated 16 Jun, 2023 09:03am

First-ever crude-laden Russian ship arrives

KARACHI/ISLAMABAD: The first-ever Russian oil ship carrying over 45,000 metric tons of crude has arrived at Karachi...

Updated 12 Jun, 2023 08:41am

FBR expresses reservations at PD’s policy guideline

ISLAMABAD: The Federal Board of Revenue (FBR) has reportedly expressed reservations at Petroleum Division’s policy...

Updated 07 Jun, 2023 08:55am

Opinion

Dwindling forex reserves and bravado

Consumer Price Index rose to 36.4 percent in April - a rise of one percent from March 2023, 23.7 percent from March...

Updated 15 May, 2023 08:15am

Markets

Newly-launched night navigation increases FOTCO’s terminal capacity by 30pc

Port Qasim, FOTCO successfully dock first-ever oil vessel at night

Updated 12 May, 2023 11:26am

NA told: Oil being imported on deferred payment only from KSA

ISLAMABAD: The National Assembly was informed on Friday that crude oil is being imported on a deferred payment basis...

Updated 08 Apr, 2023 01:48pm

Russian oil shipment to reach next month: Musadik

LAHORE: Pakistan is all set to import cheap oil from Russia and the first shipment will reach Pakistan next month...

Updated 03 Apr, 2023 08:42am

Markets

India’s 2022/23 vegoil imports seen at 15 million tonnes

SINGAPORE: India’s edible oil imports are forecast to climb to 15 million tonnes in the year to October 2023, up...

Published 05 Mar, 2023 03:36am

Markets

India’s Russian oil imports surge to a record in Jan

NEW DELHI: India’s Russian oil imports climbed to a record 1.4 million barrels per day (bpd) in January, up 9.2%...

Published 20 Feb, 2023 07:06am

Russian oil supply likely by April

Negotiations with Russia were finalised in 45 days: Petroleum State Minister Musadik Malik

Updated 04 Feb, 2023 09:13pm

Markets

Analysts weigh in: rupee’s latest depreciation has wider implications, outcomes

Experts believe LC issue will be resolved, inflation along with remittances to increase in short term

Updated 27 Jan, 2023 07:04pm

Markets

India’s sunoil imports rise to record as Russia-Ukraine fight for market share

MUMBAI: India’s January sunflower oil imports are set to surge to a record 473,000 tonnes, nearly triple average...

Published 27 Jan, 2023 11:22am

Pakistan

Pakistan, US in process of productive re-engagement: FO

ISLAMABAD: The Foreign Office on Thursday refrained from making a direct comment on the Biden administration’s...

Published 27 Jan, 2023 07:32am

Crude oil and oil products: agreement to be signed by March

ISLAMABAD: Pakistan and Russia have decided to draft an agreement on crude oil and oil products supply by late March...

Updated 21 Jan, 2023 11:41am

Oil purchases from Russia: Payments will be in currencies of ‘friendly’ states

Russia’s energy minister says both sides have drafted an agreement to sort out issues like transportation, insurance, payments and loadings

Updated 21 Jan, 2023 08:58am

Govt wants to meet 35pc of oil requirement through Russia: Musadik

ISLAMABAD: State Minister for Petroleum, Musadik Malik Friday said that Pakistan wanted to import 35 percent of its...

Updated 21 Jan, 2023 08:51am

Opinion

Power distribution sector’s performance – I

Circular debt and privatisation of power distribution companies are under active discussion these days in the...

Published 12 Jan, 2023 06:10am

Markets

Russia overtakes KSA as China’s top crude supplier in Nov

SINGAPORE: China’s crude oil imports from Russia rose 17% in November from a year earlier, as Chinese refiners...

Published 26 Dec, 2022 06:31am

Oil from Russia: Musadik says there will be no US sanctions

ISLAMABAD: Minister of State for Petroleum Musadik Malik on Tuesday said that the government is not deliberating on...

Updated 07 Dec, 2022 09:47am

No curbs on oil, LNG and POL products’ LCs: SBP

KARACHI: The State Bank of Pakistan (SBP) has strongly rebutted placing any restriction on Letters of Credit (LCs)...

Updated 02 Dec, 2022 09:47am

Markets

OPEC cuts oil demand growth forecast again as economic challenges mount

LONDON: OPEC on Monday cut its forecast for 2022 global oil demand growth for a fifth time since April and further...

Published 14 Nov, 2022 06:46pm

Markets

India’s Iraqi oil imports fall to lowest in 20 months

NEW DELHI: India’s oil imports from Iraq plunged to a 20-month low in October as refiners continued to buy...

Published 10 Nov, 2022 05:43pm

Markets

OPEC decision to cut output could hurt Pakistan's economy

The group is motivated to keep prices higher in order to shore up fiscal revenues of member countries, says brokerage house AKD Securities

Updated 06 Oct, 2022 11:13pm

C/A posts over $17bn deficit in FY22

Huge deficit driven by massive increase in goods import bill

Updated 28 Jul, 2022 09:49am

Govt fuel oil imports hit 4-yr high as it struggles to buy LNG

SINGAPORE: Pakistan’s monthly fuel oil imports are set to hit a four-year high in June, Refinitiv data showed, as...

Published 28 Jun, 2022 06:10am

Gainers
Losers
Leaders

Stock	Price
Kohinoor Power / Nov 28 Kohinoor Power Company Limited(KOHP)	4.60 ▲ 0.72 (18.56%)
Saritow Spinning / Nov 28 Saritow Spinning Mills Limited(SSML)	6.90 ▲ 0.90 (15.00%)
Hira Textile / Nov 28 Hira Textile Mills Limited(HIRAT)	2.20 ▲ 0.24 (12.24%)
Service Textile / Nov 28 Service Industries Textiles Limited(SERT)	10.11 ▲ 1.00 (10.98%)
Shaheen Ins. / Nov 28 Shaheen Insurance Company Limited(SHNI)	3.74 ▲ 0.29 (8.41%)
Chakwal Spinning / Nov 28 Chakwal Spinning Mills Limited(CWSM)	2.20 ▲ 0.17 (8.37%)
Premier Insurance / Nov 28 Premier Insurance Limited(PINL)	7.90 ▲ 0.58 (7.92%)
Safe Mix Con.Lt / Nov 28 Safe Mix Concrete Limited(SMCPL)	13.70 ▲ 1.00 (7.87%)
Saif Textile / Nov 28 Saif Textile Mills Limited(SAIF)	12.40 ▲ 0.88 (7.64%)
Calcorp / Nov 28 Calcorp Limited(CASH)	19.91 ▲ 1.39 (7.51%)

Stock	Price
Samba Bank / Nov 28 Samba Bank Limited(SBL)	7.85 ▼ -0.66 (-7.76%)
Metro Steel / Nov 28 Metropolitan Steel Corporation Limited(MSCL)	24.97 ▼ -2.02 (-7.48%)
Bank of Khyber / Nov 28 The Bank of Khyber(BOK)	11 ▼ -0.80 (-6.78%)
Leather Up Ltd. / Nov 28 Leather Up Limited(LEUL)	11.01 ▼ -0.76 (-6.46%)
Ask.Gen.Insur. / Nov 28 Askari General Insurance Company Limited(AGIC)	17.71 ▼ -1.18 (-6.25%)
Indus Dyeing / Nov 28 Indus Dyeing & Manufacturing Co. Limited(IDYM)	156.80 ▼ -9.85 (-5.91%)
J.A.Textile / Nov 28 J.A. Textile Mills Limited(JATM)	51 ▼ -3.10 (-5.73%)
Bannu Woollen / Nov 28 Bannu Woollen Mills Limited(BNWM)	30 ▼ -1.78 (-5.60%)
Punjab Mod / Nov 28 First Punjab Modaraba(FPJM)	1.60 ▼ -0.09 (-5.33%)
HBL Growth Fund / Nov 28 HBL Growth Fund(HGFA)	8.33 ▼ -0.46 (-5.23%)

Stock	Volume
Kohinoor Spining / Nov 28 Kohinoor Spinning Mills Limited(KOSM)	109,392,000 ▲ 0.01
WorldCall Telecom / Nov 28 Worldcall Telecom Limited(WTL)	43,313,979 ▲ 0.07
Yousuf Weaving / Nov 28 Yousaf Weaving Mills Limited(YOUW)	22,758,500 ▼ -0.19
Treet Corp. (R) / Nov 28 Treet Corporation Limited (R)(TREETR2)	22,657,454 ▼ -0.05
Maple Leaf Cement / Nov 28 Maple Leaf Cement Factory Limited(MLCF)	17,865,589 ▲ 0.03
D.G.K.Cement / Nov 28 D.G. Khan Cement Company Limited(DGKC)	15,655,201 ▲ 1.86
Agritech Limited / Nov 28 Agritech Limited(AGL)	15,233,500 ▲ 0.63
Pak Elektron / Nov 28 Pak Elektron Limited(PAEL)	14,205,993 ▼ -0.01
P.I.A.C.(A) / Nov 28 Pakistan International Airlines Corp(PIAA)	13,108,000 ▼ -0.07
B.O.Punjab / Nov 28 The Bank of Punjab(BOP)	13,103,901 ▼ -0.01

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 28	285.85
USD PKR Interbank Buying / Nov 28	285.35
USD to Japanese Yen / Nov 28	148.25
USD to Swiss Franc / Nov 28	0.88
Pound Sterling to USD / Nov 28	1.26
Euro to USD / Nov 28	1.10
UK LIBOR % / Nov 27	5.46

Stock	Volume
S&P 500 / Nov 27	4550.43
Nasdaq / Nov 27	14241.02
Dow Jones / Nov 27	35333.47
India Sensex / Nov 28	65983.73
Tokyo Nikkei / Nov 28	33370.40
Hang Seng / Nov 28	17485.79
FTSE 100 / Nov 28	7442.27
Germany DAX 30 / Nov 28	15941.55
France CAC40 / Nov 28	7237.40

Item	Value
Karachi Cotton PKR/37.32 KG / Nov 27	17735
Gold 10 Grams PKR / Nov 27	185614
Crude Oil USD/Barrel / Nov 28	74.99
Gold Spot USD/Ounce / Nov 28	2015.58
Cotton US¢/pound / Nov 28	79.06

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