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PETROLEUM DIVISION

Seven new exploration blocks: OGDCL secures provisional award

ISLAMABAD: Oil and Gas Development Company Limited (OGDCL), the country’s leading exploration and production...

Published 15 May, 2025 06:37am

Pakistan

Pakistan refineries say catering to fuel needs of armed forces

ISLAMABAD: Local refineries assured the government of their full operational readiness to meet the fuel requirement...

Updated 06 May, 2025 07:33am

LNG import: Petroleum Div proposes reconstitution of body

ISLAMABAD: Petroleum Division has proposed reconstitution of Committee on import of Liquefied Natural Gas (LNG)...

Updated 05 May, 2025 09:38am

PD clarifies CPP levy adjustments to be reflected in future bills

ISLAMABAD: Petroleum Division has clarified that any rebate or adjustment in the Captive Power Plants (CPP) levy...

Updated 05 May, 2025 09:03am

Markets

Petroleum deregulation: dealers seek more time for input

KARACHI: Requesting deference of deregulation of petroleum products during the 8th meeting of the Standing Committee...

Published 03 May, 2025 06:07am

Business & Finance

PPDA urges govt to resolve its demands

KARACHI: Pakistan Petroleum Dealers Association (PPDA) has highlighted issues over deregulation, bank charges, and...

Published 03 May, 2025 06:07am

Business & Finance

Govt cuts petrol, diesel prices by Rs2 per litre for next fortnight

The federal government has announced a reduction in petroleum prices for the next fortnight, lowering both petrol...

Published 30 Apr, 2025 11:46pm

Markets

OMCs and dealers: Body reviews matter of revision in margins

ISLAMABAD: The 8th meeting of the Standing Committee on Energy (Petroleum Division) of the National Assembly was ...

Published 30 Apr, 2025 06:21am

Kandhkot to third-party buyers: PPL seeks PD’s approval to redirect unutilised gas

ISLAMABAD: Pakistan Petroleum Limited (PPL) has requested the Petroleum Division’s approval to redirect unutilised...

Updated 30 Apr, 2025 08:43am

Business & Finance

SNGPL declares highest-ever profit and dividend for FY 2023–24

LAHORE: The Board of Directors of Sui Northern Gas Pipelines Limited (SNGPL), in its meeting held on Saturday, April...

Published 29 Apr, 2025 03:07am

Markets

PD directs SNGPL, SSGCL to withdraw Grid levy

ISLAMABAD: The Petroleum Division issued directives to both gas companies – Sui Northern Gas Pipeline Limited...

Updated 18 Apr, 2025 08:31am

MS and HSD: PD voices reservations over Rs10 PL hike

ISLAMABAD: The Petroleum Division has expressed its reservations over the imposition of an additional Rs10 per litre...

Updated 11 Apr, 2025 03:13pm

Pakistan

Govt reduces petrol price by Re1, keeps diesel price unchanged

The new prices come into effect from March 29

Published 28 Mar, 2025 11:44pm

Business & Finance

Reko Diq comes under renewed ECC focus

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet met on Tuesday with Federal Minister for Finance...

Published 26 Mar, 2025 05:25am

July-Feb 2024-25: More revenue likely by increasing PL by Rs10/litre

ISLAMABAD: The federal government anticipates generating additional revenue from March 15 to 31 by increasing the...

Updated 18 Mar, 2025 09:32am

Jet fuel supplies: ‘PSOCL’s outstanding amount from PIA accumulated to Rs28.88bn as of Feb’

ISLAMABAD: Minister for Energy (Petroleum Division) Ali Pervaiz Malik said that Pakistan State Oil Company Limited’s...

Updated 13 Mar, 2025 09:19am

Pakistan

Govt reduces petrol, diesel prices for next fortnight

New prices come into effect from March 1, 2025

Published 28 Feb, 2025 11:40pm

MoE, affiliated depts: PD panel examines budget proposals for PSDP

ISLAMABAD: A meeting of the Standing Committee on Energy (Petroleum Division) was convened on Thursday to examine...

Updated 28 Feb, 2025 09:15am

Business & Finance

OGDCL, E&P to organise ‘Minerals Investment Forum’

ISLAMABAD: Oil and Gas Development Company Limited (OGDCL), Pakistan’s leading exploration and production (E&P)...

Published 27 Feb, 2025 08:08am

PD set to clear ethanol-blending policy draft

ISLAMABAD: The Petroleum Division is all set to take up draft of volunteer-based ethanol-blending policy to reduce...

Updated 09 Feb, 2025 09:58am

Pakistan

Govt raises petrol price by Re1, HSD’s by Rs7 per litre

New prices come into effect from Feb 1, 2025

Published 31 Jan, 2025 11:41pm

Domestic consumers spared: Gas made costlier for captive power plants

ECC approves a gas tariff increase from Rs3,000 to Rs3,500 per mmbtu for captive power plants, effective from February 1, 2025

Updated 26 Jan, 2025 10:39am

Markets

Pakistan, World Bank agree to expedite implementation of Dasu Hydropower Project

Power minister seeks funds, investment for installation of smart metres at distribution level transformers

Updated 24 Jan, 2025 10:25pm

Gas cost equalisation: SNGPL seeks support of Petroleum Div

ISLAMABAD: Sui Northern Gas Pipeline Limited (SNGPL) has sought Petroleum Division’s support for finalisation of gas...

Updated 22 Jan, 2025 03:28pm

Pakistan

Govt hikes petrol price by Rs3.47, HSD’s by Rs2.61 per litre

New prices come into effect from January 16, 2025

Published 15 Jan, 2025 11:26pm

Case against PEL: FHL seeks PD’s support in enforcing SICC ruling

ISLAMABAD: Frontier Holdings Ltd (FHL), a foreign oil and gas exploration company, has requested assistance from the...

Updated 11 Jan, 2025 08:52am

Prioritising imported RLNG to domestic gas harms energy sector

ISLAMABAD: Pakistan’s energy sector is grappling with escalating financial issues, primarily driven by the forced...

Updated 02 Jan, 2025 09:42am

Pakistan

Govt increases petrol price by Re0.56, HSD’s by Rs2.96 per litre

New prices come into effect from January 1, 2025

Published 31 Dec, 2024 11:39pm

Fertilizer plants: Subsidised gas supply fuels circular debt

Federal Cabinet discusses issue of supply of gas to local fertilizer industry

Updated 30 Dec, 2024 02:43pm

Timelines of bidding process sought from PD

ISLAMABAD: The Executive Committee (EC) of the Special Investment Facilitation Council (SIFC) has directed the...

Updated 30 Dec, 2024 03:41pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 14	281.78
USD PKR Interbank Buying / May 14	281.68
USD to Japanese Yen / May 14	146.04
USD to Swiss Franc / May 14	0.84
Pound Sterling to USD / May 14	1.33
Euro to USD / May 14	1.12
UK LIBOR % / May 14	4.96

Stock	Volume
S&P 500 / May 14	5,892.58
India Sensex / May 14	81,330.56
Tokyo Nikkei / May 14	37,705.74
Nasdaq / May 14	19,146.81
Hang Seng / May 14	23,574.72
FTSE 100 / May 14	8,585.01
Dow Jones / May 14	42,051.06
Germany DAX 30 / May 14	23,527.01
France CAC40 / May 14	7,836.79

Item	Value
Crude Oil USD/Barrel / May 14	61.91
Karachi Cotton PKR/37.32 KG / May 14	16,985
Gold 10 Grams PKR / May 14	293,124
Gold Spot USD/Ounce / May 14	3,152.57
Cotton US¢/pound / May 14	65.37
Petrol/Litre / May 15	252.63
Diesel/Litre / May 15	256.64

Gainers
Losers
Leaders

Stock	Price
Cres.Star Ins. / May 15 Crescent Star Insurance Limited(CSIL)	3 ▲ 0.39 (14.94%)
Ghani Chemworld / May 15 Ghani Chemworld Limited(GCWL)	9.14 ▲ 1 (12.29%)
Dewan Mushtaq / May 15 Dewan Mushtaq Textile Mills Limited(DMTM)	9.83 ▲ 1 (11.33%)
Parmount Sp. / May 15 Paramount Spinning Mills Limited(PASM)	3.60 ▲ 0.36 (11.11%)
Hala Enterprise / May 15 Hala Enterprises Limited(HAEL)	13.26 ▲ 1.21 (10.04%)
P.T.C.L. / May 15 Pakistan Telecommunication Company Ltd(PTC)	22.06 ▲ 2.01 (10.02%)
Octopus Digital / May 15 Octopus Digital Limited(OCTOPUS)	52.09 ▲ 4.74 (10.01%)
AN Textile Mills / May 15 AN Textile Mills Limited(ANTM)	11.87 ▲ 1.08 (10.01%)
Arctic Textile / May 15 Arctic Textile Mills Limited(ARCTM)	23.63 ▲ 2.15 (10.01%)
Flying Cement / May 15 Flying Cement Company Limited(FLYNG)	49.46 ▲ 4.5 (10.01%)

Stock	Price
Tariq Corp.Pref. / May 15 Tariq Corporation Limited-Preference Shares(TCORPCPS)	7.11 ▼ -1 (-12.33%)
Baba Farid Sugar / May 15 Baba Farid Sugar Mills Limited(BAFS)	52.60 ▼ -5.83 (-9.98%)
Apna Microfin. / May 15 Apna Microfinance Bank Limited(AMBL)	9.95 ▼ -1 (-9.13%)
TPL Life Insur. / May 15 TPL Life Insurance Limited(TPLL)	46.80 ▼ -4.5 (-8.77%)
Tri-Star Mutual / May 15 Tri-Star Mutual Fund Limited(TSMF)	8.05 ▼ -0.75 (-8.52%)
Imperial Limited / May 15 Imperial Limited(IML)	16.31 ▼ -1.44 (-8.11%)
Hussain Industries / May 15 Husein Industries Limited(HUSI)	27.12 ▼ -2.17 (-7.41%)
Sanghar Sugar / May 15 Sanghar Sugar Mills Limited(SANSM)	55.66 ▼ -4.28 (-7.14%)
First Elite Cap.Mod / May 15 First Elite Capital Modaraba(FECM)	18.26 ▼ -1.39 (-7.07%)
Tandlianwala Sugar / May 15 Tandlianwala Sugar Mills Limited(TSML)	155.01 ▼ -9.67 (-5.87%)

Stock	Volume
K-Electric Ltd. / May 15 K-Electric Limited(KEL)	37,859,691 ▲ 0.14
Pak Refinery / May 15 Pakistan Refinery Limited(PRL)	37,752,237 ▲ 1.91
Cnergyico PK / May 15 Cnergyico PK Limited(CNERGY)	33,461,533 ▲ 0.35
At-Tahur Ltd. / May 15 At-Tahur Limited(PREMA)	25,440,148 ▲ 3.52
Kohinoor Spining / May 15 Kohinoor Spinning Mills Limited(KOSM)	22,386,313 ▲ 0.19
Waves Corporation / May 15 Waves Corporation Limited(WAVES)	19,624,999 ▲ 0.26
Sui South Gas / May 15 Sui Southern Gas Company Limited(SSGC)	18,696,951 ▲ 1.01
B.O.Punjab / May 15 The Bank of Punjab(BOP)	13,513,245 ▲ 0.1
P.T.C.L. / May 15 Pakistan Telecommunication Company Ltd(PTC)	13,357,730 ▲ 2.01
WorldCall Telecom / May 15 Worldcall Telecom Limited(WTL)	12,739,813 ▲ 0.03

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