Trends - Minister of State for Petroleum

Minister of State for Petroleum

Govt negotiating second cargo of discounted Russian crude

ISLAMABAD: The State Minister for Petroleum, Dr Musadik Malik, on Wednesday said that talks with Russia are...

Updated 13 Jul, 2023 09:11am

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

Oil import on foreign supplier’s account: OCAC requests govt to convene meeting of stakeholders

ISLAMABAD: While raising questions on approval of policy guidelines regarding import of oil on foreign supplier’s...

Updated 28 Jun, 2023 09:01am

LNG deal with Azerbaijan to help end gas crisis by next winter: Musadik

ISLAMABAD: State Minister for Petroleum Musadik Malik Wednesday assured that Pakistan’s Liquefied Natural Gas (LNG)...

Updated 22 Jun, 2023 08:59am

Business & Finance

Pakistan, Turkmenistan ink JIP to accelerate work on TAPI

ISLAMABAD: In a major development, Turkmenistan and Pakistan have signed a Joint Implementation Plan (JIP) to...

Published 09 Jun, 2023 06:20am

Multi-billion refinery to help bring oil prices down: Musadik

ISLAMABAD: Minister of State for Petroleum Dr Musadik Malik on Friday said that Prime Minister Shehbaz Sharif had...

Updated 29 Apr, 2023 11:40am

Pakistan all set to get discounted Russian oil

ISLAMABAD: Prime Minister Shehbaz Sharif said on Thursday that everything was set for his country to receive a...

Updated 28 Apr, 2023 08:54am

Russian oil: govt places single cargo order as test case

ISLAMABAD: Pakistan has placed its first order for discounted Russian crude oil under a new commercial deal struck...

Updated 21 Apr, 2023 08:51am

Russian oil shipment to reach next month: Musadik

LAHORE: Pakistan is all set to import cheap oil from Russia and the first shipment will reach Pakistan next month...

Updated 03 Apr, 2023 08:42am

Ministry given six weeks to draft fuel relief package

Petroleum Minister Musadik Malik says package is a pricing scheme and not a subsidy

Updated 24 Mar, 2023 09:02am

Financing fuel subsidy: Rich to pay Rs100 more per litre: govt

ISLAMABAD: The government will finance the fuel subsidy (discounted fuel) by charging Rs100 per litre more from the...

Updated 23 Mar, 2023 09:31am

Markets

'PM wants difference between fuel prices paid by rich and poor to be Rs100'

Minister of State for Petroleum Dr Musadik Malik says owners of luxury cars will pay higher rates, while low-income groups will be given cheaper fuel

Updated 20 Mar, 2023 08:38pm

Low income people to be provided Rs50/litre subsidy: PM

LAHORE: In a major relief measure, the government has announced a petroleum relief package of 50 rupees per litre ...

Updated 20 Mar, 2023 09:01am

Russian oil and gas will start reaching this year: govt

LAHORE: Minister of State for Petroleum Division Dr Musadiq Masood Malik has said under the Pak-Russia agreement,...

Updated 20 Feb, 2023 08:52am

Petrol shortage hits major cities of Punjab

LAHORE: Long queues of two-wheelers and cars have been witnessed at filling stations in most parts of the Punjab...

Updated 09 Feb, 2023 08:46am

Power breakdown of Jan 23: Senate panel directs Power Division to conduct probe

ISLAMABAD: The Senate Standing Committee on Power Tuesday directed Power Division to probe the power breakdown of...

Updated 08 Feb, 2023 09:09am

TAPI gas pipeline: Pakistan willing to go ahead with or without India

ISLAMABAD: Pakistan has shown willingness to go ahead with Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas...

Updated 08 Feb, 2023 09:09am

Russian oil supply likely by April

Negotiations with Russia were finalised in 45 days: Petroleum State Minister Musadik Malik

Updated 04 Feb, 2023 09:13pm

Saudi Arabia links oil refinery’s setup with political consensus

Saudi Minister of Investment had suggested that in order to develop across the board political consensus and ownership of the oil refinery project the matter may also be tabled before the Parliament

Updated 03 Feb, 2023 09:20am

Govt wants to meet 35pc of oil requirement through Russia: Musadik

ISLAMABAD: State Minister for Petroleum, Musadik Malik Friday said that Pakistan wanted to import 35 percent of its...

Updated 21 Jan, 2023 08:51am

Govt mulling hiking gas tariffs

ISLAMABAD: Petroleum State Minister Musadik Malik, Tuesday, indicated a possible increase in gas tariffs in the...

Updated 18 Jan, 2023 08:46am

Business & Finance

Discounted crude, refined products: Pakistan-Russia IGC to meet in Jan

ISLAMABAD: Pakistan-Russia Inter-Governmental Commission (IGC) would arrive in January 2023 for negotiation on...

Updated 17 Dec, 2022 09:35am

Oil from Russia: Musadik says there will be no US sanctions

ISLAMABAD: Minister of State for Petroleum Musadik Malik on Tuesday said that the government is not deliberating on...

Updated 07 Dec, 2022 09:47am

Pakistan

PTEA donates Rs5m to PM’s flood relief fund

FAISALABAD: The Minister of State for Petroleum Dr Musadik Malik has said that the Government is introducing a...

Updated 26 Sep, 2022 08:20pm

Offshore terminal, stake in PIA to be offered: Strategy for LNG devised ahead of PM’s Qatar visit

ISLAMABAD: Pakistan is to seek long-term and short-term Liquefied Natural Gas (LNG) contracts with Qatar in addition...

Updated 18 Aug, 2022 09:44am

Pakistan

Minister claims PTI has hired services of US lobbying firm

ISLAMABAD: Minister of State for Petroleum and PML-N leader Musadik Malik alleged that the Pakistan Tehreek-e-Insaaf...

Published 14 Aug, 2022 07:23am

Economy begins to show signs of stability: Dastgir

Minister says inflow and outflow of foreign exchange are now balanced

Updated 22 Jul, 2022 09:09am

Petroleum dealers say will observe strike tomorrow

PESHAWAR/ISLAMABAD: Pakistan Petroleum Dealers Association (PPDA) has expressed resolve to go on an indefinite ...

Updated 17 Jul, 2022 09:39am

Markets

Efforts on to generate electricity from renewable resources: Musadik

ISLAMABAD: Minister of State for Petroleum Dr Musadik Malik says the government is striving hard to generate extra...

Published 03 Jul, 2022 06:29am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 20	278.48
USD PKR Interbank Buying / Dec 20	278.28
USD to Japanese Yen / Dec 20	156.31
USD to Swiss Franc / Dec 20	0.89
Pound Sterling to USD / Dec 20	1.26
Euro to USD / Dec 20	1.04

Stock	Volume
S&P 500 / Dec 20	5,930.85
India Sensex / Dec 20	78,041.59
Tokyo Nikkei / Dec 20	38,701.90
Nasdaq / Dec 20	19,572.60
Hang Seng / Dec 20	19,720.70
FTSE 100 / Dec 20	8,084.36
Dow Jones / Dec 20	42,840.26
Germany DAX 30 / Dec 20	19,884.75

Item	Value
Crude Oil USD/Barrel / Dec 20	69.46
Gold 10 Grams PKR / Dec 20	234,311
Gold Spot USD/Ounce / Dec 20	2,622.91
Cotton US¢/pound / Dec 20	68.06
Petrol/Litre / Dec 21	252.10
Karachi Cotton PKR/37.32 KG / Dec 21	17,585

Gainers
Losers
Leaders

Stock	Price
Media Times Ltd / Dec 20 Media Times Limited(MDTL)	2.37 ▲ 0.37 (18.50%)
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	7.23 ▲ 1.00 (16.05%)
Ist.Capital Sec / Dec 20 First Capital Securities Corporation(FCSC)	2.12 ▲ 0.26 (13.98%)
Khalid Siraj / Dec 20 Khalid Siraj Textile Mills Limited(KSTM)	9.60 ▲ 0.97 (11.24%)
Aruj Industries / Dec 20 Aruj Industries Limited(ARUJ)	9.90 ▲ 0.98 (10.99%)
Escorts Bank / Dec 20 Escorts Investment Bank Limited(ESBL)	4.79 ▲ 0.47 (10.88%)
Cresent Jute / Dec 20 Crescent Jute Products Limited(CJPL)	4.20 ▲ 0.40 (10.53%)
S.G.Power / Dec 20 S.G. Power Limited(SGPL)	11.19 ▲ 1.02 (10.03%)
P.T.C.L. / Dec 20 Pakistan Telecommunication Company Ltd(PTC)	25.80 ▲ 2.35 (10.02%)

Stock	Price
LSE Financial Serv. / Dec 20 LSE Financial Services Limited(LSEFSL)	16.25 ▼ -1.81 (-10.02%)
Dar-es-Salaam / Dec 20 Dar-es-Salaam Textile Mills Limited(DSML)	41.93 ▼ -4.66 (-10.00%)
Maqbool Tex. / Dec 20 Maqbool Textile Mills Limited(MQTM)	31.05 ▼ -3.45 (-10.00%)
Reliance Cotton / Dec 20 Reliance Cotton Spinning Mills Limited(RCML)	621 ▼ -69.00 (-10.00%)
Sanghar Sugar / Dec 20 Sanghar Sugar Mills Limited(SANSM)	27.72 ▼ -3.08 (-10.00%)
Olympia Mills / Dec 20 Olympia Mills Limited(OML)	34.58 ▼ -3.84 (-9.99%)
Nagina Cot. / Dec 20 Nagina Cotton Mills Limited(NAGC)	48.92 ▼ -5.41 (-9.96%)
Oilboy Energy / Dec 20 Oilboy Energy Limited(OBOY)	11.39 ▼ -1.26 (-9.96%)
Arpak Int. / Dec 20 Arpak International Investments Ltd.(ARPAK)	65.22 ▼ -7.19 (-9.93%)

Stock	Volume
WorldCall Telecom / Dec 20 Worldcall Telecom Limited(WTL)	177,645,248 ▲ 0.10
K-Electric Ltd. / Dec 20 K-Electric Limited(KEL)	81,901,542 ▲ 0.16
Cnergyico PK / Dec 20 Cnergyico PK Limited(CNERGY)	68,345,098 ▲ 0.12
Pak Elektron / Dec 20 Pak Elektron Limited(PAEL)	57,974,101 ▲ 1.47
Pak Refinery / Dec 20 Pakistan Refinery Limited(PRL)	45,251,944 ▲ 0.40
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	43,240,462 ▲ 1.00
Sui South Gas / Dec 20 Sui Southern Gas Company Limited(SSGC)	40,539,001 ▼ -0.74
B.O.Punjab / Dec 20 The Bank of Punjab(BOP)	35,598,669 ▲ 0.24
Symmetry Group / Dec 20 Symmetry Group Limited(SYM)	34,869,613 ▼ -0.72

Markets →

Budget 2024-25: income tax calculator for FY25

Minister of State for Petroleum

Most Popular