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PETROLEUM DIVISION

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

Pakistan

Stipulation in agreement cannot override plain meaning of a provision of law, says law ministry

ISLAMABAD: Ministry of Law and Justice has held that stipulation in an agreement cannot override the plain meaning ...

Published 05 Jun, 2023 03:27am

Business & Finance

Govt approves Rs4bn SG for Punjab’s export-oriented sectors

ISLAMABAD: Federal government on Wednesday approved a supplementary grant of Rs4 billion for a further gas subsidy ...

Published 01 Jun, 2023 03:34am

Cabinet may ratify deal between UPL, govt entities

ISLAMABAD: The long-awaited deal between Uch Power (Pvt) Limited (UPL) and entities of Power Division and Petroleum...

Updated 29 May, 2023 09:02am

Markets

Refineries forced to export products as power plants not lifting FO

ISLAMABAD: Power plants are reportedly not lifting furnace oil as per firm demand due to which refineries are...

Published 24 May, 2023 05:57am

Petroleum sector: Govt plans to curtail circular debt to Rs600bn

ISLAMABAD: The Petroleum Division has devised a strategy for curtailing Rs1.7 trillion petroleum sector circular...

Updated 21 May, 2023 02:55pm

Comments sought for settling PSO’s dues in non-cash way

ISLAMABAD: Petroleum Division has urged Power Division to furnish comments on Pakistan State Oil’s (PSO’s) proposed...

Updated 10 May, 2023 08:57am

PD prepares concept note to develop roadmap for green hydrogen

ISLAMABAD: Petroleum Division (PD) has prepared a concept note to develop a wide roadmap for green hydrogen in the...

Updated 09 May, 2023 09:14am

PM directs PD, KP to assess potential of hydrocarbon seepages

ISLAMABAD: Prime Minister Shehbaz Sharif has directed Ministry of Energy (Petroleum Division) and Khyber Pakhtunkhwa...

Updated 05 May, 2023 09:05am

Markets

Incentive to refineries: Petroleum Div for Rs3/litre hike in prices of petrol, diesel

ISLAMABAD: Petroleum Division has reportedly proposed increase of rates of Motor Spirit (MS) and High Speed Diesel...

Published 03 May, 2023 06:35am

Terms for test Russian oil cargo under discussion

ISLAMABAD: The terms of the draft commercial contract for the test oil cargo from Russia are under discussion...

Updated 03 May, 2023 08:50am

Business & Finance

Dar asks PD, gas cos, PSO to improve their liquidity position

ISLAMABAD: Finance Minister Ishaq Dar Saturday asked the relevant authorities in the Petroleum Division, gas...

Updated 30 Apr, 2023 09:26am

3 more LNG spot cargoes: Power Div silent on purchase proposal

ISLAMABAD: Power Division is reportedly silent on Petroleum Division’s proposal to purchase three additional...

Updated 25 Apr, 2023 09:06am

Used bowsers: PPRA quizzes SLL on purchase plan

ISLAMABAD: The Board of Public Procurement Regulatory Authority (PPRA) has quizzed Sui Southern Gas Company LPG Pvt...

Updated 23 Apr, 2023 10:05am

Business & Finance

NA body told how country can avail oil facility from Russia

ISLAMABAD: Pakistan is bound to avail discounted oil facility only under the sanctioned cap of $60 per barrel from...

Published 14 Apr, 2023 05:59am

Govt terms previous deal with IMF ‘poisonous’

ISLAMABAD: Minister for Power Khurram Dastgir Khan said Tuesday that Prime Minister Shehbaz Sharif-led government...

Updated 12 Apr, 2023 08:45am

Setting up of big refinery in Balochistan: proposals sought

CSG and a Chinese consortium are coordinating to setup a 10 million MTPA refinery project in Pakistan

Updated 12 Apr, 2023 12:54pm

Spot LPG cargoes: Govt decides to exempt SLL from PPRA rules

Exemption to be granted from April 2023 to March 2024

Updated 08 Apr, 2023 09:16pm

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

Cites limited fiscal space and cap on expenditures as reasons

Updated 21 Mar, 2023 09:02am

Petrol subsidy to bikers: two options under study

ISLAMABAD: On an average consumption of 17.5 litres per month, the two options under consideration for petrol...

Updated 21 Mar, 2023 08:58am

No subsidized gas for fertilizer plants after May

Decision taken at a recent meeting of the ECC when supply of subsidized gas to two urea fertilizer plants in Punjab came under discussion

Updated 21 Mar, 2023 01:05pm

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Jun 9 786 Investments Limited(786)	5.50 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Jun 9 Al-Abbas Sugar Mills Limited(AABS)	462.50 ▼ 0.00 (0.00%)
Agro Allianz / Jun 9 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Jun 9 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Jun 9 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Jun 9 Allied Bank Limited(ABL)	67 ▼ 0.00 (0.00%)
Abbott Lab. / Jun 9 Abbott Laboratories (Pakistan) Limited(ABOT)	396.99 ▼ 0.00 (0.00%)
Abson Ind. / Jun 9 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Jun 9 Alfalah Consumer Index ETF.(ACIETF)	6.44 ▼ 0.00 (0.00%)
Attock Cement / Jun 9 Attock Cement Pakistan Limited(ACPL)	82.45 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Jun 9 786 Investments Limited(786)	5.50 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Jun 9 Al-Abbas Sugar Mills Limited(AABS)	462.50 ▲ 0.00 (0.00%)
Agro Allianz / Jun 9 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Jun 9 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Jun 9 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Jun 9 Allied Bank Limited(ABL)	67 ▲ 0.00 (0.00%)
Abbott Lab. / Jun 9 Abbott Laboratories (Pakistan) Limited(ABOT)	396.99 ▲ 0.00 (0.00%)
Abson Ind. / Jun 9 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Jun 9 Alfalah Consumer Index ETF.(ACIETF)	6.44 ▲ 0.00 (0.00%)
Attock Cement / Jun 9 Attock Cement Pakistan Limited(ACPL)	82.45 ▲ 0.00 (0.00%)

Stock	Volume
Unity Foods Ltd / Jun 9 Unity Foods Limited(UNITY)	28,723,523 ▲ 0.00
WorldCall Telecom / Jun 9 Worldcall Telecom Limited(WTL)	17,617,018 ▲ 0.00
TPL Properties / Jun 9 TPL Properties Limited(TPLP)	15,788,641 ▲ 0.00
Pak Refinery / Jun 9 Pakistan Refinery Limited(PRL)	9,600,621 ▲ 0.00
P.I.A.C.(A) / Jun 9 Pakistan International Airlines Corp(PIAA)	8,850,500 ▲ 0.00
Pak Int.Bulk / Jun 9 Pakistan International Bulk Terminal(PIBTL)	6,660,000 ▲ 0.00
Fauji Foods Ltd / Jun 9 Fauji Foods Limited(FFL)	6,382,956 ▲ 0.00
Hascol Petrol / Jun 9 Hascol Petroleum Limited(HASCOL)	6,313,500 ▲ 0.00
Telecard Limited / Jun 9 Telecard Limited(TELE)	5,453,799 ▲ 0.00
Fauji Cement / Jun 9 Fauji Cement Company Limited(FCCL)	4,608,000 ▲ 0.00

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jun 8	287.32
USD PKR Interbank Buying / Jun 8	287.12
USD to Japanese Yen / Jun 8	139.76
USD to Swiss Franc / Jun 8	0.91
Pound Sterling to USD / Jun 8	1.24
Euro to USD / Jun 8	1.07
UK LIBOR % / Jun 7	5.07

Stock	Volume
S&P 500 / Jun 7	4267.52
Nasdaq / Jun 7	13104.89
Dow Jones / Jun 7	33665.02
India Sensex / Jun 8	63203.02
Tokyo Nikkei / Jun 8	31605.11
Hang Seng / Jun 8	19177.52
FTSE 100 / Jun 8	7612.23
Germany DAX 30 / Jun 8	15994.38
France CAC40 / Jun 8	7222.68

Item	Value
Karachi Cotton PKR/37.32 KG / Jun 7	20235
Gold 10 Grams PKR / Jun 7	194873
Crude Oil USD/Barrel / Jun 8	72.32
Gold Spot USD/Ounce / Jun 8	1946.62
Cotton US¢/pound / Jun 8	81.37

PETROLEUM DIVISION

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