Trends - petroleum sector - Business Recorder

petroleum sector

Spectrum of illegal activities: PM, COAS, CMs take stock of situation

PM Shehbaz Sharif says electricity theft is around Rs400-500 billion per annum

Updated 30 Mar, 2024 08:26pm

Revenue requirements for gas companies; PM directs third-party forensic analysis

ISLAMABAD: Prime Minister Shehbaz Sharif has ordered a third-party forensic analysis of revenue requirements for Sui...

Updated 21 Mar, 2024 08:40am

Pakistan

Govt keeps petrol price unchanged, reduces HSD’s by Rs1.77 per litre

Revised prices to take effect from March 16

Published 15 Mar, 2024 11:23pm

Tight gas, undersea oil and gas reserves: PM speaks of criticality of investment

Prime Minister Shehbaz Sharif directs to provide all kinds of facilities to private sector and local and foreign investors in oil and gas discovery

Updated 12 Mar, 2024 04:52pm

Energy sector revolving debt has reached Rs5,422bn: minister

ISLAMABAD: Caretaker Energy Minister Muhammad Ali on Tuesday said that total revolving debt of the energy sector is...

Updated 28 Feb, 2024 10:12am

‘Innovative’ plan set to reduce circular debt

ISLAMABAD: Caretaker Minister for Power and Petroleum, Muhammad Ali, has set an extremely ambitious circular debt...

Updated 31 Jan, 2024 09:32am

Opinion

Obituary Wasim Zuberi: a gentleman extraordinary departs

On 15th December 2023 in Islamabad, the family of Wasim Zuberi lost their lovable patriarch, the petroleum sector...

Published 30 Dec, 2023 06:28am

Refinery sector: SIFC for assessing Sinopec’s interest

ECC also directs Petroleum Division that other interested (credible) parties should be also identified and update be shared with the Apex Council (AC) in its forthcoming meeting

Updated 06 Nov, 2023 12:04pm

Gas tariff hike won’t affect 57pc consumers: govt

Minister for Energy Muhammad Ali says increase in gas tariffs will help control and end the ever-increasing circular debt of petroleum sector

Updated 27 Oct, 2023 11:30am

Petroleum sector: Pakistan, China sign MoU on $1.5bn investment

BEIJING: The United Energy Group of China and Pakistan Refinery Limited on Wednesday signed a Memorandum of...

Updated 19 Oct, 2023 09:35am

Editorials

More fiscal crises

EDITORIAL: The “cash flow crisis” threatening petroleum sector exploration and production (E&P) companies,...

Published 23 Sep, 2023 05:58am

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

Markets

Ogra peruses concerns raised by OMAP

ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra) has perused the concerns raised by the Oil Marketing...

Published 23 Jun, 2023 06:00am

Markets

Petroleum sector Rs1.5bn set aside under PSDP

ISLAMABAD: The federal government allocated development funds of Rs1.5 billion under the Public Sector Development...

Published 11 Jun, 2023 03:55am

Swelling circular debt also affects NPPs

ISLAMABAD: As the country’s energy sector is facing a cumulative circular debt of stock of over Rs 4 trillion,...

Updated 23 May, 2023 08:51am

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

POL products’ prices may be adjusted in PL

ISLAMABAD: The government may likely to adjust the prices of petroleum products in petroleum levy (PL) which the...

Updated 15 Nov, 2022 09:44am

Business & Finance

Litigations against Ogra on the rise

ISLAMABAD: The number of court cases involving billions of rupees has increased by 240 cases against the Oil and Gas...

Updated 17 Sep, 2022 11:03am

BR Research

Energy prices: More pain coming your way

As much as the government may want to talk down the inflation expectations, the very actions agreed with the IMF...

Published 06 Sep, 2022 08:36am

Opinion

Deregulating the oil sector – I

There has often been talk of deregulating the petroleum sector. There are pros and cons which have been hotly...

Published 20 Aug, 2022 03:41am

Staff-level deal with IMF in a few days: minister

ISLAMABAD: Finance Minister Miftah Ismail Friday said a staff-level agreement with the International Monetary Fund...

Updated 02 Jul, 2022 09:53am

Pakistan

OGDCL donates 45-seat bus to Girls’ College Karak

ISLAMABAD: Oil & Gas Development Company Limited (OGDCL) a leader E&P company in Petroleum Sector in ...

Published 20 Jan, 2022 04:21am

Petroleum sector: SBP amends forex manual for remittance process

KARACHI: The State Bank of Pakistan (SBP) on Tuesday has amended the Chapter 14, of the Foreign Exchange Manual for...

Updated 15 Dec, 2021 09:51am

Opinion

Don’t shoot the messenger

Last week, the media was abuzz about SAPM on power and petroleum Tabish Gauhar’s letter that he addressed to his...

Updated 08 Aug, 2021 02:24pm

Pakistan

Vaccination drive: Ogra directs companies to comply with NCOC instructions

ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) directed all companies operating in mid and down stream...

Published 24 Jul, 2021 04:27am

Pakistan

APOTCA announces countrywide strike

ISLAMABAD - The All Pakistan Oil Tankers Contractors Association (APOTCA) has announced a countrywide strike for an...

Published 25 Jun, 2021 04:20am

World

EU imposes sanctions on key Belarus sectors

The new package looks to hit key sources of revenue for the authorities in Minsk by restricting trade in potash fertilizer, petroleum and tobacco products.
It limits access for Belarus to the EU's capital markets and bans providing insurance to government and public bodies.

Published 24 Jun, 2021 05:29pm

Pakistan

Kuwait ready to issue visas to Pakistanis for construction sector: Rashid

Around 425 Pakistani doctors would leave for Kuwait during the current week, he added.

Published 01 Jun, 2021 08:42pm

Pakistan

E&P companies’ heads meet minister

ISLAMABAD: The group of CEOs/MDs of E&P companies called on the Federal Minister for Energy Omar Ayub Khan at ...

Updated 16 Apr, 2021 09:56am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 26	278.58
USD PKR Interbank Buying / Apr 26	278.28
USD to Japanese Yen / Apr 26	156.17
USD to Swiss Franc / Apr 26	0.91
Pound Sterling to USD / Apr 26	1.25
Euro to USD / Apr 26	1.07

Stock	Volume
S&P 500 / Apr 25	5048.42
Nasdaq / Apr 25	15611.76
Dow Jones / Apr 25	38085.80
India Sensex / Apr 26	74171.68
Tokyo Nikkei / Apr 26	37934.72
Hang Seng / Apr 26	17626.75
FTSE 100 / Apr 26	8123.98
Germany DAX 30 / Apr 26	18016.27

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 25	20535
Gold 10 Grams PKR / Apr 25	240900
Petrol/Litre / Apr 26	293.94
Crude Oil USD/Barrel / Apr 26	83.89
Gold Spot USD/Ounce / Apr 26	2336.33
Diesel/Litre / Apr 26	290.38

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 26 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 26 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 26 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 26 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 26 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 26 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 26 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 26 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 26 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 26 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 26 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 26 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 26 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 26 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 26 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 26 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 26 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 26 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 26 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 26 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 26 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 26 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 26 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 26 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 26 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 26 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 26 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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