Trends - energy sectors - Business Recorder

energy sectors

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

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

Govt cuts tariff on charging stations by 45%: Awais Leghari

Energy minister says decision will pave way for expansion of charging stations, and increase EV adoption in Pakistan

Updated 15 Jan, 2025 10:32pm

Business & Finance

Federal cabinet approves proposal to revise agreements with 14 IPPs: PMO

Revised agreements will include reduction of Rs802 billion in profits, costs of independent power producers

Updated 14 Jan, 2025 11:06pm

Markets

Shell Pakistan changes name to Wafi Energy Pakistan Limited

Shell Pakistan Limited (SHEL) has officially changed its name to ‘Wafi Energy Pakistan Limited’, effective January...

Updated 14 Jan, 2025 11:48pm

World

Russia says it will continue oil and gas projects despite US sanctions

MOSCOW: Russia’s Foreign Ministry on Saturday denounced new U.S. sanctions against Moscow’s energy sector as an...

Published 11 Jan, 2025 10:48pm

Pakistan

Pakistan, China reaffirm commitment to ‘high-quality’ CPEC phase II development

Pakistan and China have reaffirmed their commitment to the high-quality development of the China-Pakistan Economic...

Published 11 Jan, 2025 07:34pm

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

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

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

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 begins oil & gas production from Hyderabad

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

Updated 19 Dec, 2024 10:46pm

Markets

Luxury and energy sectors weaken European shares

PARIS: European shares closed lower on Monday, bogged down by heavyweight luxury and energy shares after...

Published 17 Dec, 2024 06:47am

Markets

Power generation in Pakistan falls in September amid rising costs, shift to renewables

Power generation in Pakistan stood at 12,487 GWh (17,343 MW) in September 2024, a decline of over 6% YoY compared to...

Updated 23 Oct, 2024 10:49pm

Opinion

Net metering: Balancing the scales—IV

As we concluded in the previous part of this essay, renegotiating the power purchase agreements is difficult, if not...

Updated 23 Oct, 2024 07:07am

BR Research

Solar gains, grid pains

The standard for policymaking is to establish clearly defined short, medium, and long-term goals. Unfortunately,...

Published 16 Oct, 2024 09:49am

Business & Finance

Bahra Electric and Pakistan Cables sign MoU to develop energy sectors

ISLAMABAD: Bahra Electric and Pakistan Cables Limited signed a Memorandum of Understanding (MoU) to strengthen...

Updated 15 Oct, 2024 08:53am

Opinion

Task force on IPPs: another wild goose chase?

The formation of the Energy Task Force on Independent Power Producers (IPPs) appears to be a distraction from the...

Published 12 Aug, 2024 06:36am

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

Opinion

In search of reasonable thinking

Benjamin Franklin said, “Common sense is something that everyone needs, few have, and none think they lack.”...

Published 06 Feb, 2024 05:00am

Focus on cooperation with Russia: Work begins on 13th 5-year energy plan

ISLAMABAD: Ministry of Planning, Development and Special Initiatives (M/o PD&SI) has commenced working on...

Updated 16 Jan, 2024 09:41am

Opinion

The World Bank says it all

That the growing political uncertainty and institutional imbalances are adversely affecting the country’s perception...

Published 30 Dec, 2023 06:28am

Business & Finance

Kakar meets Netherlands PM: Dutch firms invited to invest in agri, energy sectors

DUBAI: Caretaker Prime Minister Anwaar-ul-Haq Kakar on Friday met Prime Minister of the Netherlands Mark Rutte...

Published 02 Dec, 2023 05:09am

Economic model ‘flops’: Poverty hits 39.4pc mark, say World Bank officials

ISLAMABAD: Pakistan’s current economic development model is no longer reducing poverty and provides few benefits to...

Updated 23 Sep, 2023 05:38pm

Business & Finance

‘Interim govt should implement effective economic reforms’

KARACHI: Chairman of National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum, Mian...

Published 05 Aug, 2023 06:00am

Dar asks PD, gas cos, PSO to improve their liquidity position

Business & Finance

ADB team briefed about economic outlook

ISLAMABAD: A delegation of executive directors of the Asian Development Bank (ADB) called on Federal Minister for...

Updated 28 Feb, 2023 09:37am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jan 21	278.88
USD PKR Interbank Buying / Jan 21	278.78
USD to Japanese Yen / Jan 21	155.54
USD to Swiss Franc / Jan 21	0.91
Pound Sterling to USD / Jan 21	1.23
Euro to USD / Jan 21	1.04

Stock	Volume
S&P 500 / Jan 17	5,996.66
Nasdaq / Jan 17	19,630.20
Dow Jones / Jan 17	43,487.83
India Sensex / Jan 21	76,270.33
Tokyo Nikkei / Jan 21	39,027.98
Hang Seng / Jan 21	20,098.89
FTSE 100 / Jan 21	8,529.98
Germany DAX 30 / Jan 21	20,988.55

Item	Value
Karachi Cotton PKR/37.32 KG / Jan 20	18,785
Gold 10 Grams PKR / Jan 20	242,541
Petrol/Litre / Jan 21	256.13
Crude Oil USD/Barrel / Jan 21	77.24
Gold Spot USD/Ounce / Jan 21	2,724.49
Diesel/Litre / Jan 21	260.95

Gainers
Losers
Leaders

Stock	Price
Burj Clean Energy Modaraba / Jan 21 Burj Clean Energy Modaraba(GEM)(GEMBCEM)	9.60 ▲ 1.00 (11.63%)
Equity Modaraba / Jan 21 First Equity Modaraba(FEM)	3.54 ▲ 0.34 (10.62%)
Waves Home Appliances / Jan 21 Waves Home Appliances Limited(WAVESAPP)	11.30 ▲ 1.03 (10.03%)
786 Invest Ltd / Jan 21 786 Investments Limited(786)	10.98 ▲ 1.00 (10.02%)
Globe Residency / Jan 21 Globe Residency REIT(GRR)	17.36 ▲ 1.58 (10.01%)
Leather Up Ltd. / Jan 21 Leather Up Limited(LEUL)	25.06 ▲ 2.28 (10.01%)
Olympia Mills / Jan 21 Olympia Mills Limited(OML)	35.65 ▲ 3.24 (10.00%)
Pak Engineering / Jan 21 Pakistan Engineering Company Limited(PECO)	671.22 ▲ 61.02 (10.00%)
Shahtaj Sugar / Jan 21 Shahtaj Sugar Mills Limited(SHJS)	108.90 ▲ 9.90 (10.00%)

Stock	Price
Dewan Motors / Jan 21 Dewan Farooque Motors Limited(DFML)	45.25 ▼ -4.98 (-9.91%)
D.M. Textile / Jan 21 D.M. Textile Mills Limited(DMTX)	64.32 ▼ -6.22 (-8.82%)
Ghani Chem. Ind. / Jan 21 Ghani Chemical Industries Limited(GCIL)	16.75 ▼ -1.49 (-8.17%)
S.G.Power / Jan 21 S.G. Power Limited(SGPL)	9.02 ▼ -0.79 (-8.05%)
Khyber Textile / Jan 21 Khyber Textile Mills Limited(KHYT)	525.02 ▼ -44.94 (-7.88%)
Dadabhoy Cement / Jan 21 Dadabhoy Cement Industries Limited(DBCI)	5.10 ▼ -0.43 (-7.78%)
Sanghar Sugar / Jan 21 Sanghar Sugar Mills Limited(SANSM)	23.05 ▼ -1.94 (-7.76%)
ZIL Limited / Jan 21 ZIL Limited(ZIL)	226.01 ▼ -18.99 (-7.75%)
Saritow Spinning / Jan 21 Saritow Spinning Mills Limited(SSML)	9.17 ▼ -0.76 (-7.65%)

Stock	Volume
Cnergyico PK / Jan 21 Cnergyico PK Limited(CNERGY)	100,350,766 ▲ 0.35
Bank Makramah / Jan 21 Bank Makramah Limited(BML)	66,904,501 ▲ 0.14
WorldCall Telecom / Jan 21 Worldcall Telecom Limited(WTL)	59,521,977 ▼ -0.09
Lotte Chemical / Jan 21 Lotte Chemical Pakistan Limited(LOTCHEM)	59,473,543 ▼ -0.78
Fauji Cement / Jan 21 Fauji Cement Company Limited(FCCL)	49,425,750 ▲ 0.64
Hascol Petrol / Jan 21 Hascol Petroleum Limited(HASCOL)	24,273,766 ▼ -0.29
Dewan Motors / Jan 21 Dewan Farooque Motors Limited(DFML)	22,896,108 ▼ -5.02
Citi Pharma Ltd / Jan 21 Citi Pharma Ltd.(CPHL)	22,891,545 ▼ -2.51
Hub Power Co. / Jan 21 The Hub Power Company Limited(HUBC)	21,405,956 ▼ -4.79

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