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PSO

PSO allowed per litre exchange rate adjustment

ISLAMABAD: The federal government has allowed Pakistan State Oil (PSO) per litre exchange rate adjustment of Rs1.34...

Published 17 Apr, 2024 05:28am

Business & Finance

Petrol price hiked by Rs4.53, diesel’s by Rs8.14

ISLAMABAD: Federal government on Monday announced a massive raise in the price of high speed diesel (HSD) by Rs 8.14...

Published 16 Apr, 2024 03:38am

Business & Finance

OMCs raise price of HOBC by Rs10 per litre from April 1

ISLAMABAD: The Oil Marketing Companies (OMCs) have raised the price of Hi-Octane Blending Component (HOBC) by Rs10...

Updated 06 Apr, 2024 08:47am

Business & Finance

Incorporating exchange rate: Govt approves price adjustment for PSO

ISLAMABAD: The federal government has approved adjustments in petroleum prices, allowing Pakistan State Oil (PSO) to...

Published 03 Apr, 2024 05:29am

Markets

Sale of petroleum products inches up 4%, signals some stability

Sale of total petroleum products in Pakistan clocked in at 1.15 million tons in March, an increase of 4%...

Updated 02 Apr, 2024 11:48pm

SNGPL urges PD to help ensure clearance of dues

ISLAMABAD: The Sui Northern Gas Pipelines Limited (SNGPL) has sent an SOS call to the Petroleum Division for...

Updated 02 Apr, 2024 09:44am

PRL explains what has made its business model ‘unsustainable’

ISLAMABAD: The top management of Pakistan Refinery Limited (PRL) has cautioned the Pakistan State Oil (PSO) that...

Updated 01 Apr, 2024 08:44am

PD revises price forecast for spot LNG

ISLAMABAD: The Ministry of Energy (Petroleum Division) has revised price forecast for spot LNG with Sui gas...

Updated 25 Mar, 2024 09:43am

PSO says LNG business ‘bleeding’ its resources

ISLAMABAD: Pakistan State Oil (PSO) has claimed that LNG (Liquefied Natural Gas) business is bleeding its financial...

Updated 19 Mar, 2024 09:20am

Fuel supply on exclusive basis to 3 IPPs: CCP rejects PSO’s exemption extension request

ISLAMABAD: The Competition Commission of Pakistan (CCP) has rejected an application of Pakistan State Oil (PSO)...

Updated 09 Mar, 2024 01:26pm

Business & Finance

Recovery from PIA: PSO receiveables soar to Rs 21.7bn

ISLAMABAD: The Pakistan State Oil (PSO) has proposed the imposition of a levy of upto Rs4 per litre on Jet-A1 to...

Updated 07 Mar, 2024 09:50am

Pakistan

Mayor inaugurates PSO ECO Street project

KARACHI: The Mayor Karachi, Barrister Murtaza Wahab and MD/CEO, PSO, Syed Muhammad Taha inaugurated the company’s...

Published 06 Mar, 2024 04:18am

PSO to write letter to govt to help the entity avert default

ISLAMABAD: Chairman Board of Management (BoM) of Pakistan State Oil (PSO), Asif Baig Mohamed will write a SOS (Save...

Updated 05 Mar, 2024 08:49am

Rs4.25/lit premium on petrol adjusted

ISLAMABAD: Interim government on Friday adjusted Rs4.25 per litre premium on petrol and 26 paisa on high-speed...

Updated 02 Mar, 2024 09:25am

Rs30.8bn ‘recovery’ from Hubco: PSO seeks PD’s intervention

ISLAMABAD: Pakistan State Oil (PSO) has sought Power Division’s intervention for recovery of Rs 30.8 billion from...

Updated 01 Mar, 2024 09:46am

Govt moves NPP, GPP sell-off process forward

Cabinet Committee on Privatisation directs Power Division to submit timelines for each of the issues hindering the process of privatisation of Nandipur Power Plant and Guddu Power Plant

Updated 29 Feb, 2024 09:36am

Markets

Greenfield Refinery Project: no material development, says PSO

Pakistan State Oil Company Limited (PSO), the largest oil marketing company in the country, said on Monday that “no...

Updated 26 Feb, 2024 10:15pm

Pakistan

PSO DIGICASH announces strategic partnership with foodpanda

KARACHI: foodpanda, Pakistan has announced its strategic partnership with PSO DIGICASH, a convenient and efficient...

Published 22 Feb, 2024 06:55am

Refinery, petrochemical complex: PSO taps China’s Sinopec for partnership with Aramco

As per pre-feasibility study, project will have processing capacity of more than 300,000 bpd, will produce range of high-value petroleum products

Updated 20 Feb, 2024 11:59am

Business & Finance

Petrol, diesel prices: Exchange rate adjustment to PSO led to hike

ISLAMABAD: An exchange rate adjustment to Pakistan State Oil (PSO) of Rs3.01 per litre on high-speed diesel (HSD) ...

Published 17 Feb, 2024 05:51am

BR Research

PSO in 1HFY24

Pakistan State Oil Company Limited (PSX: PSO) announced its financial performance for 1HFY24 yesterday where it...

Published 16 Feb, 2024 08:54am

Business & Finance

PSO posts Rs7.7bn net profit in 1HFY24

KARACHI: The national energy icon Pakistan State Oil (PSO), continued to dominate the industry while maintaining...

Published 16 Feb, 2024 06:02am

Markets

PSO suffers hefty loss of Rs10.4bn in 2QFY24

Pakistan State Oil Company Limited (PSO) posted consolidated losses to the tune of Rs10.43 billion in the second...

Updated 15 Feb, 2024 09:36pm

Opinion

Circular debt once again in focus

Circular debt in the energy sector is a mystery which no government could so far unfold. Over the last two decades ...

Published 10 Feb, 2024 05:48am

Markets

Sale of total petroleum products dip 4% YoY

Sale of total petroleum products in Pakistan clocked in at 1.38 million tons in January, a decline of 4%...

Updated 02 Feb, 2024 04:12pm

Petrol price likely to increase from Feb 1

ISLAMABAD: The interim government may raise the petrol price by Rs 8 to Rs 11 per litre with effect from February 1,...

Updated 30 Jan, 2024 10:44am

Circular debt reduction: MoF objects to plan tailored by minister

ISLAMABAD: The Ministry of Finance (MoF) has reportedly raised objections on circular debt reduction plan tailored...

Updated 23 Jan, 2024 09:09am

Business & Finance

HSD cargoes’ import: PSO granted exclusive rights

ISLAMABAD: Pakistan State Oil (PSO) has been granted exclusive rights for importing high-speed diesel (HSD) cargoes...

Published 23 Jan, 2024 05:14am

Opinion

The rampant energy theft

Pak-Arab Refinery Company (PARCO) reported this week an incident of oil theft that purportedly took place at a...

Updated 20 Jan, 2024 05:56am

Business & Finance

Petrol, HSD: PSO allowed exchange rate adjustments

ISLAMABAD: The interim government has allowed Pakistan State Oil (PSO) per litre exchange rate adjustment of Rs 2.58...

Updated 17 Jan, 2024 09:45am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 17	278.60
USD PKR Interbank Buying / Apr 17	277.40
USD to Japanese Yen / Apr 17	154.32
USD to Swiss Franc / Apr 17	0.91
Pound Sterling to USD / Apr 17	1.25
Euro to USD / Apr 17	1.07

Stock	Volume
S&P 500 / Apr 17	5022.21
India Sensex / Apr 17	72943.68
Tokyo Nikkei / Apr 17	37961.80
Nasdaq / Apr 17	15683.37
Hang Seng / Apr 17	16251.84
FTSE 100 / Apr 17	7847.99
Dow Jones / Apr 17	37735.31
Germany DAX 30 / Apr 17	17770.02

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 16	21735
Crude Oil USD/Barrel / Apr 17	82.84
Gold 10 Grams PKR / Apr 17	215964
Gold Spot USD/Ounce / Apr 17	2366.21
Cotton US¢/pound / Apr 17	81.33
Petrol/Litre / Apr 18	293.94

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 18 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 18 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 18 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 18 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 18 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 18 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 18 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 18 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 18 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 18 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 18 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 18 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 18 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 18 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 18 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 18 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 18 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 18 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 18 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 18 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 18 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 18 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 18 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 18 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 18 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 18 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 18 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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