Trends - energy sector - Business Recorder

energy sector

OGDCL inducts three electric buses

ISLAMABAD: The Oil and Gas Development Company Limited (OGDCL) has inducted three electric buses to its fleet,...

Published 23 Jan, 2025 07:36am

Business & Finance

Mari Energies to acquire 5% stake in Kohesultan Mining Company

Mari Energies Limited (MARI), formerly Mari Petroleum Company Limited, has entered into a definitive agreement to...

Updated 22 Jan, 2025 03:14pm

Markets

Rousch Power transfers complex to government entity after CPPA settlement

Rousch (Pakistan) Power Limited (RPPL), an Independent Power Producer (IPP), has handed over its complex to the...

Updated 20 Jan, 2025 07:41pm

Markets

OGDCL enhances oil and gas production

Oil & Gas Development Company Limited (OGDCL), Pakistan’s largest exploration and production (E&P) company,...

Updated 20 Jan, 2025 04:36pm

Opinion

Energy crisis, industrial collapse

Pakistan’s industry is teetering on the brink of collapse, with policies that are actively dismantling it. Chief...

Published 20 Jan, 2025 05:31am

Markets

Race to renewables: Attock Cement commissions 4.8MW windmill project

As Pakistan’s corporate sector increasingly turns to renewable energy to meet its power needs, Attock Cement became...

Updated 16 Jan, 2025 12:48pm

Markets

OGDCL begins oil & gas production from Khairpur’s Kharo-1 well

Oil & Gas Development Company Limited (OGDCL), Pakistan’s largest exploration and production (E&P) company,...

Updated 15 Jan, 2025 07:22pm

Business & Finance

PPL begins gas production at Jamshoro exploratory well

Pakistan Petroleum Limited (PPL) has started gas production from Takri-1 exploration well located in the Jamshoro...

Updated 10 Jan, 2025 10:09pm

Business & Finance

OGDCL reappoints Ahmed Hayat Lak as MD & CEO

The board of Oil and Gas Development Company Limited (OGDCL), Pakistan’s largest exploration and production...

Updated 09 Jan, 2025 10:56pm

Business & Finance

Refinery Upgrade Project: PRL secures Rs3.15bn loan facility from PSO

The board of Pakistan Refinery Limited (PRL) has approved a Rs3.15 billion loan from its parent company Pakistan...

Updated 08 Jan, 2025 10:38pm

BR Research

Pakistan Refinery Limited

Pakistan Refinery Limited (PSX: PRL) is a hydro-skimming refinery based in Karachi, Pakistan. Established in 1960,...

Published 08 Jan, 2025 07:37am

Markets

Minister highlights wind, solar energy projects

KARACHI: Sindh’s Minister for Energy, Nasir Hussain Shah has stated that providing affordable green energy in line...

Published 08 Jan, 2025 07:05am

Editorials

Energy sector

EDITORIAL: The energy crisis in the country continues to remain a challenge with no end in sight. At its core, the...

Updated 06 Jan, 2025 06:41am

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

Markets

Norway, US, Qatar replace Russian gas: Russian gas era in Europe ends as Ukraine stops transit

MOSCOW/KYIV: Russian gas exports via Soviet-era pipelines running through Ukraine came to a halt on New Year’s ...

Published 02 Jan, 2025 05:56am

Markets

Reforms in energy sector inevitable: Power consumers paying high tariffs as compared to regional countries

ISLAMABAD: Chairman Economic Policy and Business Development and former caretaker minister Gohar Ejaz has said that...

Updated 02 Jan, 2025 08:07am

Markets

Surge in capacity drives up electricity production cost, NEPRA report reveals

Pakistan’s total installed capacity to generate power increased to 45,888 megawatts (MW) as on June 30, 2024,...

Published 31 Dec, 2024 10:10pm

Law ministry becomes party to govt-IPP dispute

ISLAMABAD: The Ministry of Law and Justice has reportedly become party to the recent dispute between the Government...

Updated 31 Dec, 2024 03:20pm

Pakistan

1,200MW electricity: construction begins of Chashma Nuclear Power Project Unit-5

PM Shehbaz says project another milestone in strategic cooperation between Pakistan, China

Updated 30 Dec, 2024 10:48pm

Opinion

Grid defection: a looming challenge for Pakistan’s utilities–I

Grid defection refers to the phenomenon where electricity customers generate and store sufficient power locally to...

Updated 30 Dec, 2024 06:50am

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

Markets

Talks with Chinese IPPs initiated, says Leghari

Federal Minister for Power Sardar Awais Ahmed Khan Leghari said the government has initiated talks with the Chinese...

Updated 28 Dec, 2024 06:07pm

Gas supply resumption: SIFC directs JJCL, SSGCL to seal deal by Jan 15th

ISLAMABAD: The Special Investment Facilitation Council (SIFC) has directed Jamshoro Joint Venture Limited (JJCL) and...

Updated 28 Dec, 2024 03:09pm

Markets

Pakistan Petroleum Limited commissions new exploratory well in Sujawal

Pakistan Petroleum Limited (PPL), an oil and gas exploration firm, has successfully commissioned the exploratory...

Updated 27 Dec, 2024 09:38pm

Markets

PM calls for uninterrupted gas supply to domestic consumers

Prime Minister Shehbaz Sharif directed authorities on Friday to ensure uninterrupted gas supply to domestic...

Updated 27 Dec, 2024 11:08pm

PPL strikes hydrocarbons at Jamshoro well

KARACHI: Pakistan Petroleum Limited (PPL) has announced that Kotri North Joint Venture comprising United Energy...

Updated 27 Dec, 2024 09:28am

Markets

PSO board approves SPA execution with Azerbaijan’s SOCAR

The Board of Management (BoM) of Pakistan State Oil Company Limited (PSO), the largest fuel marketing company in the...

Updated 26 Dec, 2024 07:54pm

Markets

OGDCL revives well in Hyderabad, enhances oil production

Oil and Gas Development Company Limited (OGDCL), the country’s largest exploration and production (E&P) company,...

Updated 26 Dec, 2024 06:30pm

Business & Finance

OGDCL revives well in Sindh, achieves oil & gas production

Oil and Gas Development Company Limited (OGDCL), the country’s largest exploration and production (E&P) company,...

Updated 24 Dec, 2024 10:04pm

Opinion

Power sector: role of WB, ADB, IMF

Once again the World Bank (WB) is reported to be currently working with the government to invite private sector...

Updated 21 Dec, 2024 07:32am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 22	278.92
USD PKR Interbank Buying / Jan 22	278.72
USD to Japanese Yen / Jan 22	156.50
USD to Swiss Franc / Jan 22	0.91
Pound Sterling to USD / Jan 22	1.23
Euro to USD / Jan 22	1.04

Stock	Volume
S&P 500 / Jan 22	6,086.37
India Sensex / Jan 22	76,404.99
Tokyo Nikkei / Jan 22	39,871.68
Nasdaq / Jan 22	20,009.34
Hang Seng / Jan 22	19,872.38
FTSE 100 / Jan 22	8,545.13
Dow Jones / Jan 22	44,156.73
Germany DAX 30 / Jan 22	21,254.27

Item	Value
Crude Oil USD/Barrel / Jan 22	75.20
Karachi Cotton PKR/37.32 KG / Jan 22	18,485
Gold 10 Grams PKR / Jan 22	246,440
Gold Spot USD/Ounce / Jan 22	2,751.09
Cotton US¢/pound / Jan 22	66.97
Petrol/Litre / Jan 23	256.13

Gainers
Losers
Leaders

Stock	Price
Pak Gen.Ins. / Jan 23 The Pakistan General Insurance Co. Ltd.(PKGI)	8.85 ▲ 0.96 (12.17%)
Leather Up Ltd. / Jan 23 Leather Up Limited(LEUL)	30.33 ▲ 2.76 (10.01%)
Bela Auto / Jan 23 Bela Automotives Limited(BELA)	176.80 ▲ 16.07 (10.00%)
I.C.C. Ind. / Jan 23 ICC Industries Limited(ICCI)	12.65 ▲ 1.15 (10.00%)
Masood Textile / Jan 23 Masood Textile Mills Limited(MSOT)	58 ▲ 5.20 (9.85%)
Sindh Abadgar / Jan 23 Sindh Abadgar's Sugar Mills Limited(SASML)	45 ▲ 4.00 (9.76%)
Arpak Int. / Jan 23 Arpak International Investments Ltd.(ARPAK)	76.99 ▲ 6.80 (9.69%)
Mandviwala / Jan 23 Mandviwala Mauser Plastic Industries(MWMP)	23.30 ▲ 2.05 (9.65%)
TPL Life Insur. / Jan 23 TPL Life Insurance Limited(TPLL)	55.75 ▲ 4.75 (9.31%)

Stock	Price
PICIC Ins.Ltd. / Jan 23 PICIC Insurance Limited(PIL)	2.36 ▼ -0.42 (-15.11%)
Mehmood Tex / Jan 23 Mehmood Textile Mills Limited(MEHT)	610.21 ▼ -58.79 (-8.79%)
Punjab Oil / Jan 23 Punjab Oil Mills Limited(POML)	144 ▼ -13.65 (-8.66%)
Khyber Tobacco / Jan 23 Khyber Tobacco Company Limited(KHTC)	256 ▼ -14.00 (-5.19%)
Next Capital / Jan 23 Next Capital Limited(NEXT)	10.01 ▼ -0.50 (-4.76%)
First Fid. Leasing / Jan 23 First Fidelity Leasing Modaraba(FFLM)	2.20 ▼ -0.10 (-4.35%)
Fecto Cement / Jan 23 Fecto Cement Limited(FECTC)	112 ▼ -4.40 (-3.78%)
Invest Bank / Jan 23 Invest Capital Investment Bank Limited(ICIBL)	1.55 ▼ -0.06 (-3.73%)
Dewan Sugar / Jan 23 Dewan Sugar Mills Limited(DWSM)	6.20 ▼ -0.23 (-3.58%)

Stock	Volume
WorldCall Telecom / Jan 23 Worldcall Telecom Limited(WTL)	100,218,430 ▲ 0.02
Cnergyico PK / Jan 23 Cnergyico PK Limited(CNERGY)	96,976,679 ▼ -0.08
Fauji Cement / Jan 23 Fauji Cement Company Limited(FCCL)	83,552,040 ▲ 1.68
Bank Makramah / Jan 23 Bank Makramah Limited(BML)	30,547,553 ▲ 0.15
Lotte Chemical / Jan 23 Lotte Chemical Pakistan Limited(LOTCHEM)	21,831,273 ▲ 0.10
Citi Pharma Ltd / Jan 23 Citi Pharma Ltd.(CPHL)	20,405,719 ▲ 4.13
Fauji Foods Ltd / Jan 23 Fauji Foods Limited(FFL)	18,649,899 ▲ 0.03
D.G.K.Cement / Jan 23 D.G. Khan Cement Company Limited(DGKC)	16,695,919 ▲ 1.21
Power Cement / Jan 23 Power Cement Limited(POWER)	16,191,532 ▲ 0.24

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