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petroleum

Petroleum shortages: SAPM on petroleum asked to step down

ISLAMABAD: Special Assistant to the Prime Minister on Petroleum, Nadeem Babar, has been asked by Prime Minister ...

Published 27 Mar, 2021 05:41am

Business & Finance

Irish goods imports from Britain fall 65pc in January after Brexit

DUBLIN: Irish goods imports from Britain fell by 65% in January from the same month last year as traders grappled...

Published 19 Mar, 2021 05:32am

Markets

Oil falls 2pc as inventories rise and vaccine rollout stalls

Brent crude fell $1.47, or 2.16%, to $66.53 a barrel.
US oil was down $1.50, or 2.32%, at $63.10 after shedding 0.3% in the previous session.

Published 18 Mar, 2021 07:33pm

Business & Finance

Rising food, POL rate in intl markets escalating Pakistan's inflation rate, says expert

“If you look at the petroleum products in December receiving oil at $40 per barrel which now stands at $70 per barrel,” he said. The rise in rates of food and petroleum production ports in the international market have affected the domestic market, said Suleri.

Published 16 Mar, 2021 12:14pm

Business & Finance

Oil marketing companies: IPI asks govt to review turnover tax

ISLAMABAD: A think tank Islamabad Policy Institute has asked the government to review the turnover tax on the oil...

Published 13 Mar, 2021 04:28am

Markets

Mari Petroleum wins CSR award

ISLAMABAD: Mari Petroleum Company Limited has won three prestigious awards i.e. Best CSR Practices and ...

Published 06 Mar, 2021 05:01am

BR Research

The PL challenge gets tougher

As movement restrictions ease, the petroleum sales seem to have lost some steam, that was evident in the first six...

Published 04 Mar, 2021 07:30am

Pakistan

Feb POL sales up 26pc YoY

KARACHI: Total petroleum and lubricant sales clocked-in at 1.40 million tons in February 2021, depicting a...

Updated 03 Mar, 2021 09:40am

BR Research

Petroleum levy below the IMF floor

It was only a matter of time before the government’s ability to continue to tax petroleum products was going to be...

Published 02 Mar, 2021 07:30am

Markets

Hascol EGM approves increase in authorized share capital

KARACHI: The extra-ordinary general meeting (EGM) of Hascol Petroleum Limited on Tuesday granted its approval to...

Published 24 Feb, 2021 05:24am

Editorials

POL products’ prices

EDITORIAL: The federal government’s refusal to raise the price of POL products on the recommendation of the Oil ...

Published 22 Feb, 2021 04:25am

New LNG terminals required to indicate needed capacity

ISLAMABAD: The federal government has reportedly decided that the two new LNG terminals must indicate their...

Published 15 Feb, 2021 04:53am

LSM output up 8.16pc in 1HFY21

ISLAMABAD: The overall output of the Large Scale Manufacturing Industries (LSMI) increased by 8.16 percent in the...

Published 13 Feb, 2021 04:11am

Markets

Norway to supply power from shore to more oil and gas platforms

OSLO: Norway has approved projects to supply power from land to several more offshore oil and gas platforms in order...

Updated 12 Feb, 2021 11:47pm

BR Research

Petroleum taxes: Honeymoon over?

The half year fiscal numbers are out, and the Petroleum Levy (PL) tops the table with the highest year-on-year...

Published 10 Feb, 2021 07:40am

BR Research

Gas circular debt

The power sector circular debt is known to all. But not many eyes are catching another elephant building in the room...

Published 10 Feb, 2021 07:25am

Markets

Oil lifts Saudi shares; other Gulf indexes fall

DUBAI: Saudi Arabian shares surged on Monday as crude prices rose to their highest in just over a year, while the...

Published 09 Feb, 2021 04:43am

Business & Finance

Industrial power plants: Federal govt urged to take notice of gas supply suspension

KARACHI: Industrial community has urged the Federal Government to take immediate notice of suspension of gas supply...

Published 04 Feb, 2021 04:13am

Markets

Oil jumps 2pc, hits highest in a year as producers limit supply

NEW YORK: Oil prices rose more than 2% on Tuesday, reaching their highest in 12 months after major producers showed...

Published 03 Feb, 2021 04:35am

BR Research

Petrol prices: The new headache

It is that time of the year again. Petrol bomb is all over the news. People have apparently been hit by the bomb for...

Published 02 Feb, 2021 07:30am

Markets

OGRA increases price of LPG by Rs10/kg

ISLAMABAD: Following increase in oil prices, the Oil and Gas Regulatory Authority (OGRA) also increased price of the...

Published 02 Feb, 2021 04:29am

Editorials

Talks with IMF

EDITORIAL: The ongoing negotiations with the International Monetary Fund (IMF) are, without doubt, stalled due to ...

Published 01 Feb, 2021 03:39am

Laying of ‘controversial’ gas pipeline in Karachi: Parties asked to appear before Senate body

ISLAMABAD: The Senate Standing Committee on Petroleum has asked officials of Petroleum Division and representative ...

Published 31 Jan, 2021 03:35am

POL products’ prices likely to go up from Feb 1

ISLAMABAD: The prices of petroleum products in Pakistan are likely to go up from February 1, 2021 in fortnightly...

Published 30 Jan, 2021 03:55am

Industrialists meet power sector top brass

ISLAMABAD: The federal government has assured the Karachi based industrialists of continue gas supply to industries...

Published 30 Jan, 2021 03:55am

Markets

Russian oil exports to fall in February on Rosneft cut

MOSCOW: Russian oil exports from its main western Sea ports will fall to multi-month lows as the Kremlin oil ...

Published 28 Jan, 2021 04:40am

World

Libyan oil guards allow work to resume at two main ports

The PFG, a force made up of local groups around Libya tasked with protecting oil facilities, closed down the ports in what it said was a dispute over pay.
An oil engineer at Ras Lanuf said normal work had resumed.

Published 25 Jan, 2021 09:29pm

Business & Finance

Pakistan oil imports decline over 22pc in first half of current fiscal

The imports during December 2020 increased by 6.03 percent in December 2020 when compared to the imports of $777.977mn in November 2020.

Published 19 Jan, 2021 04:10pm

Markets

Australian, NZ shares lower

SYDNEY/WELLINGTON: Australian shares ended lower on Monday, as the emergence of new COVID-19 cases in New South ...

Published 19 Jan, 2021 04:22am

All classes of employment under PPL: Govt decides to extend Act for six months

ISLAMABAD: The Federal Government has decided to extend the Pakistan Essential Services (Maintenance) Act, 1952 to...

Published 19 Jan, 2021 04:22am

Gainers
Losers
Leaders

Stock	Price
Data Textile / Feb 1 Data Textiles Limited(DATM)	7.08 ▲ 1.00 (16.45%)
Sec. Inv. Bank / Feb 1 Security Investment Bank Limited(SIBL)	4.85 ▲ 0.55 (12.79%)
Sindh Modaraba / Feb 1 Sindh Modaraba(SINDM)	7.75 ▲ 0.75 (10.71%)
Gammon Pak / Feb 1 Gammon Pakistan Limited(GAMON)	6 ▲ 0.54 (9.89%)
Ashfaq Textile / Feb 1 Ashfaq Textile Mills Limited(ASHT)	10.39 ▲ 0.89 (9.37%)
Leather Up Ltd. / Feb 1 Leather Up Limited(LEUL)	11.72 ▲ 1.00 (9.33%)
Next Capital / Feb 1 Next Capital Limited(NEXT)	5.15 ▲ 0.39 (8.19%)
Engro Poly(Pref / Feb 1 Engro Poly(Pref)(EPCLPS)	12.98 ▲ 0.98 (8.17%)
P.I.A.C.(A) / Feb 1 Pakistan International Airlines Corp(PIAA)	4 ▲ 0.30 (8.11%)
OLP Modaraba / Feb 1 OLP Modaraba Limited(OLPM)	13.50 ▲ 0.98 (7.83%)

Stock	Price
Kohinoor Power / Feb 1 Kohinoor Power Company Limited(KOHP)	3.70 ▲ -0.42 (-10.19%)
Sakrand Sugar / Feb 1 Sakrand Sugar Mills Limited(SKRS)	9.74 ▲ -0.84 (-7.94%)
Dawood Lawrencepur / Feb 1 Dawood Lawrencepur Limited(DLL)	207.76 ▲ -16.84 (-7.50%)
Pakistan Services / Feb 1 Pakistan Services Limited(PSEL)	2095.13 ▲ -169.87 (-7.50%)
Shahtaj Sugar / Feb 1 Shahtaj Sugar Mills Limited(SHJS)	45.79 ▲ -3.71 (-7.49%)
EFG Hermes Pak / Feb 1 EFG Hermes Pakistan Limited(EFGH)	12.49 ▲ -1.01 (-7.48%)
Dadex Eternit / Feb 1 Dadex Eternit Limited(DADX)	35.20 ▲ -2.78 (-7.32%)
Faran Sugar / Feb 1 Faran Sugar Mills Limited(FRSM)	54.51 ▲ -4.24 (-7.22%)
Century Ins. / Feb 1 Century Insurance Company Limited(CENI)	15.35 ▲ -1.14 (-6.91%)
Nimir Ind.Chem. / Feb 1 Nimir Industrial Chemicals Limited(NICL)	52 ▲ -3.75 (-6.73%)

Stock	Volume
WorldCall Telecom / Feb 1 Worldcall Telecom Limited(WTL)	13,426,966 ▼ 0.01
Pak Petroleum / Feb 1 Pakistan Petroleum Limited(PPL)	10,194,870 ▲ -0.61
Pak Refinery / Feb 1 Pakistan Refinery Limited(PRL)	7,748,506 ▼ 0.05
P.I.A.C.(A) / Feb 1 Pakistan International Airlines Corp(PIAA)	7,217,500 ▼ 0.30
Gul Ahmed / Feb 1 Gul Ahmed Textile Mills Limited(GATM)	7,183,247 ▼ 1.32
Maple Leaf Cement / Feb 1 Maple Leaf Cement Factory Limited(MLCF)	6,561,607 ▼ 0.39
Habib Bank / Feb 1 Habib Bank Limited(HBL)	4,805,990 ▼ 0.52
Fauji Cement / Feb 1 Fauji Cement Company Limited(FCCL)	4,779,500 ▼ 0.02
Oil & Gas Dev. / Feb 1 Oil & Gas Development Company Limited(OGDC)	4,506,916 ▲ -0.10
Hub Power Co. / Feb 1 The Hub Power Company Limited(HUBC)	4,097,554 ▼ 0.69

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Feb 1	271
USD PKR Interbank Buying / Feb 1	269.25
USD to Japanese Yen / Feb 1	130.23
USD to Swiss Franc / Feb 1	0.92
Pound Sterling to USD / Feb 1	1.23
Euro to USD / Feb 1	1.09
UK LIBOR % / Jan 31	4.31

Stock	Volume
S&P 500 / Jan 31	4076.60
Nasdaq / Jan 31	11584.55
FTSE 100 / Jan 31	7771.70
Dow Jones / Jan 31	34086.04
Germany DAX 30 / Jan 31	15128.27
France CAC40 / Jan 31	7082.42
India Sensex / Feb 1	59963.63
Tokyo Nikkei / Feb 1	27345.74
Hang Seng / Feb 1	21902.35

Item	Value
Karachi Cotton PKR/37.32 KG / Jan 31	20735
Gold 10 Grams PKR / Jan 31	172754
Crude Oil USD/Barrel / Feb 1	79.25
Gold Spot USD/Ounce / Feb 1	1925.87
Cotton US¢/pound / Feb 1	86.58

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