Topic

OIL IMPORTS

Oil smuggling: a dangerous parallel market

Updated 26 May, 2026 07:27am

EDITORIAL: The surge in Iranian oil smuggling into Pakistan during the ongoing Middle East conflict has exposed...

Rising global oil prices push April C/A into deficit

Published 19 May, 2026 06:02am

KARACHI: Pakistan’s current account swung back into deficit in April as a sharp rise in imports, driven largely by...

Oil little changed as Trump arrives in China; US oil stocks fall more than expected

Updated 13 May, 2026 09:37pm

Brent crude futures were down 15 cents, or 0.1%, to $107.62 a barrel at 1503 GMT

Pakistan to increase oil imports from Russia amid Hormuz crisis, reports

Published 12 May, 2026 02:03pm

Driven by the Strait of Hormuz crisis, Pakistan and Russia are advancing a key gas pipeline project

Oil imports on CIF basis: SBP extends relaxation to July 10

Updated 08 May, 2026 09:55am

KARACHI: The State Bank of Pakistan has extended permission for the import of crude oil and petroleum products on...

Increased SBP facilitation: Import of oil, POL items, LNG in focus

Updated 24 Apr, 2026 09:22am

KARACHI: The State Bank of Pakistan (SBP) on Thursday empowered banks to issue Financial Instruments (FIs) at the...

Surplus today, pressure tomorrow

Updated 20 Apr, 2026 07:36am

The current account posted a surplus of USD1.1 billion in March. That is comforting news at a time of skyrocketing...

Pakistan weighs spot LNG

Published 16 Apr, 2026 06:16am

ISLAMABAD: Pakistan is considering buying liquefied natural gas (LNG) on the spot market to offset supply...

ME conflict disrupts Pakistan’s trade to GCC states, other regions

Updated 27 Mar, 2026 02:46pm

Pakistan Institute of Development Economics says high energy prices could increase Pakistan’s import bill by USD 4.5 billion

MRPL shuts refining units due to oil shortage, sources say

Published 05 Mar, 2026 05:39pm

The Strait of Hormuz is a conduit for about a fifth of crude consumed globally

Pakistan to get Saudi oil thru Red Sea port

Updated 05 Mar, 2026 09:05am

Petroleum Minister apprises Ambassador of Saudia Arabia about the current situation and the implications of the closure of the Strait of Hormuz

Oil prices climb 1% on US crude and fuel stock draw, Venezuela supply worries

Updated 26 Mar, 2025 11:31pm

HOUSTON: Oil prices rose on Wednesday, buoyed by government data showing U.S. crude oil and fuel inventories fell...

China’s Jan-Feb crude oil imports from top supplier Russia drop

Updated 23 Mar, 2025 07:27am

SINGAPORE: Russia remains the top oil supplier to China during the first two months of 2025, but volumes - including...

Imports under pressure

Published 22 Jan, 2025 07:58am

The import pressure is gradually increasing. There is no immediate strain on the currency per se, but demand is...

Ongoing global oil price decline to benefit Pakistan: brokerage house

Updated 05 Sep, 2024 10:32pm

The ongoing decline in global oil price “benefits Pakistan” and will help its trade balance and inflation figures,...

3 Oct cargoes to be cancelled: Leading OMCs’ Sept cargo deferred

Updated 05 Sep, 2024 09:07am

ISLAMABAD: Leading importing Oil Marketing Companies’ September cargo has been deferred and three cargoes in October...

Oil edges up on upbeat US economic data

Published 26 Jul, 2024 06:21am

NEW YORK: Oil prices edged up on Thursday after strong US economic data stoked expectations for higher crude demand,...

China March crude oil imports at 49.05mn metric tons

Published 12 Apr, 2024 12:28pm

BEIJING: China’s crude oil imports in March fell back from high levels a year earlier but remained strong as key...

Malaysian palm oil flat on low supply concerns

Published 05 Nov, 2023 03:10am

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

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

Updated 01 Aug, 2023 08:56am

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

Govt negotiating second cargo of discounted Russian crude

Updated 13 Jul, 2023 09:11am

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

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

Updated 09 Jul, 2023 09:05am

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

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

Published 23 Jun, 2023 06:00am

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

FO defends procurement of crude oil from Russia

Updated 16 Jun, 2023 09:03am

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

First-ever crude-laden Russian ship arrives

Updated 12 Jun, 2023 08:41am

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

FBR expresses reservations at PD’s policy guideline

Updated 07 Jun, 2023 08:55am

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

Dwindling forex reserves and bravado

Updated 15 May, 2023 08:15am

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

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

Updated 12 May, 2023 11:26am

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

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

Updated 08 Apr, 2023 01:48pm

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

Russian oil shipment to reach next month: Musadik

Updated 03 Apr, 2023 08:42am

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

BR100
BR30
KSE100
KSE30
KMI30

1D 5D 3M 6M 1Y

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 18	278.46
USD PKR Interbank Buying / Jun 18	278.26
USD to Japanese Yen / Jun 19	161.41
USD to Swiss Franc / Jun 19	0.81
Pound Sterling to USD / Jun 19	1.32
Euro to USD / Jun 19	1.14
SOFR % / Jun 18	3.65

Stock	Volume
S&P 500 / Jun 18	7,500.58
Nasdaq / Jun 18	26,517.93
Hang Seng / Jun 18	23,924.81
Dow Jones / Jun 18	51,546.70
India Sensex / Jun 19	76,666.51
Tokyo Nikkei / Jun 19	71,314.67
FTSE 100 / Jun 19	10,407.72
Germany DAX 30 / Jun 19	25,158.34
France CAC40 / Jun 19	8,492.41

Item	Value
Karachi Cotton PKR/37.32 KG / Jun 18	19,280
Gold 10 Grams PKR / Jun 18	387,615
Petrol/Litre / Jun 19	373.78
Crude Oil USD/Barrel / Jun 19	76.33
Gold Spot USD/Ounce / Jun 19	4,129.92
Cotton US¢/pound / Jun 19	79.67
Diesel/Litre / Jun 20	311.47

Gainers
Losers
Leaders

Stock	Price
Ghani Chemworld Limited (R) / Jun 19 Ghani Chemworld Limited Right(GCWLR)	5.01 ▲ 1 (24.94%)
Saif Power Ltd. / Jun 19 Saif Power Limited(SPWL)	10.27 ▲ 0.96 (10.31%)
Kohinoor Mills / Jun 19 Kohinoor Mills Limited(KML)	10.76 ▲ 1 (10.25%)
First Fid. Leasing / Jun 19 First Fidelity Leasing Modaraba(FFLM)	20.45 ▲ 1.86 (10.01%)
Quantum Data Tech. / Jun 19 Quantum Data Technologies Limited(QTECH)	45.73 ▲ 4.16 (10.01%)
Husein Industries / Jun 19 Husein Industries Limited(HUSI)	40.57 ▲ 3.69 (10.01%)
Agritech Limited / Jun 19 Agritech Limited(AGL)	58.21 ▲ 5.29 (10%)
Berger Paints / Jun 19 Berger Paints Pakistan Limited(BERG)	120.97 ▲ 11 (10%)
Buxly Paints / Jun 19 Buxly Paints Limited(BUXL)	189.13 ▲ 17.19 (10%)
Din Tex. / Jun 19 Din Textile Mills Limited(DINT)	86.48 ▲ 7.86 (10%)

Stock	Price
Mughal Energy / Jun 19 Mughal Energy Limited(GEM)(GEMMEL)	20.25 ▼ -2.23 (-9.92%)
Asia Ins. / Jun 19 Asia Insurance Company Limited(ASIC)	34.60 ▼ -3.28 (-8.66%)
JS Investments / Jun 19 JS Investments Limited(JSIL)	41.22 ▼ -3.78 (-8.4%)
Aisha Steel(ConPS) / Jun 19 Aisha Steel(ConPS)(ASLPS)	25.04 ▼ -1.67 (-6.25%)
Sally Textile / Jun 19 Sally Textile Mills Limited(SLYT)	14.98 ▼ -0.91 (-5.73%)
TPL Corp Ltd / Jun 19 TPL Corp Limited(TPL)	16.50 ▼ -0.97 (-5.55%)
Ghazi Fabrics / Jun 19 Ghazi Fabrics International Limited(GFIL)	28.31 ▼ -1.65 (-5.51%)
Gulistan Sp. / Jun 19 Gulistan Spinning Mills Limited(GUSM)	7.76 ▼ -0.43 (-5.25%)
Popular Islamic / Jun 19 Popular Islamic Modaraba(PIM)	22.91 ▼ -1.26 (-5.21%)
Crescent Fib. / Jun 19 Crescent Fibres Limited(CFL)	64 ▼ -3.39 (-5.03%)

Stock	Volume
Sui South Gas / Jun 19 Sui Southern Gas Company Limited(SSGC)	79,082,115 ▲ 1.32
Kohinoor Spinning / Jun 19 Kohinoor Spinning Mills Limited(KOSM)	62,256,011 ▲ 0.12
TPL Corp Ltd / Jun 19 TPL Corp Limited(TPL)	32,422,539 ▼ -0.97
Lotte Chemical / Jun 19 Lotte Chemical Pakistan Limited(LOTCHEM)	28,715,072 ▲ 0.09
B.O.Punjab / Jun 19 The Bank of Punjab(BOP)	26,429,932 ▼ -0.5
K-Electric Ltd. / Jun 19 K-Electric Limited(KEL)	22,774,239 ▼ -0.2
Saif Power Ltd. / Jun 19 Saif Power Limited(SPWL)	20,476,751 ▲ 0.96
Maple Leaf Cement / Jun 19 Maple Leaf Cement Factory Limited(MLCF)	20,065,224 ▼ -1.32
Sui North Gas / Jun 19 Sui Northern Gas Pipelines Limited(SNGP)	19,550,643 ▲ 5.85
WorldCall Telecom / Jun 19 Worldcall Telecom Limited(WTL)	18,367,903 ▲ 0

OIL IMPORTS

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