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Musadik Malik

Issue of gas shortage echoes in Senate

ISLAMABAD: In the wake of persistent shortage of natural gas in the country, the federal government has informed the...

Updated 21 Jan, 2025 09:02am

‘Cost of Diamer-Bhasha Dam Project has increased 119.21pc’

ISLAMABAD: Minister for Water Resources Musadik Malik said the cost of Diamer Bhasha Dam Project has increased...

Updated 17 Jan, 2025 03:19pm

Pakistan

Saudi firm Manara may invest in Pakistan’s Reko Diq mine, minister says

RIYADH: Saudi Arabian mining company Manara Minerals could invest in Pakistan’s Reko Diq mine in the next two...

Updated 14 Jan, 2025 11:08pm

Pakistan

Musadik flays PTI, calls for constructive talks on national issues

LAHORE: Federal Minister for Petroleum Dr Musadik Malik has called for dialogue to address national issues, ...

Published 30 Dec, 2024 07:20am

Pakistan

Cost of Diamer Bhasha Dam increases to Rs1.05trn

ISLAMABAD: Minister for Water Resources Musadik Malik said that the cost of Diamer Bhasha Dam Project has increased...

Updated 17 Dec, 2024 08:10am

Captive power plants: Govt talking with IMF, others to avoid closure

ISLAMABAD: Federal Minister for Petroleum Musadik Malik said the government is having negotiations with the...

Updated 14 Dec, 2024 11:34am

Opinion

All is not well at the economic front

The Federal Minister for Finance and Revenue Muhammad Aurangzeb reaffirmed this Wednesday at the ‘International...

Updated 07 Dec, 2024 08:50am

Editorials

Selling gas to third parties

EDITORIAL: Whatever the pros and cons of the Petroleum Division’s decision to sell 35 percent of future gas...

Published 24 Nov, 2024 03:08am

Pakistan

Overlooked in decision making: Musadik takes aim at top bureaucrats

ISLAMABAD: Minister for Petroleum and Natural Resources, Senator Dr. Musadik Masood Malik is reportedly annoyed with...

Published 19 Nov, 2024 06:34am

Business & Finance

Future Summit concludes with focus on innovation, financial inclusion

KARACHI: The 8th Edition of The Future Summit continued on day second featuring discussions on emerging issues such...

Published 08 Nov, 2024 07:41am

‘Economic resurgence’: govt spells out its achievements

ISLAMABAD: Minister for Petroleum Musadik Masood Malik on Thursday said Pakistan was heading towards the right...

Updated 08 Nov, 2024 09:38am

Saudi investment: roadmap discussed in Riyadh

ISLAMABAD: A high-level meeting of Pak-Saudi Ministers for Investment was held in Riyadh, in which the roadmap for...

Updated 02 Nov, 2024 03:07pm

‘Rs38.925bn outstanding on account of KP govt’s NHP share’

ISLAMABAD: Minister for Water Resources Musadik Masood Malik said that an amount of Rs38.925 billion is outstanding...

Updated 02 Nov, 2024 03:43pm

Markets

OGDCL, Chinese co sign MoU on shale, tight gas exploration

ISLAMABAD: In a significant development, during the ongoing 8th Silk Road International Expo for investment and ...

Published 23 Sep, 2024 06:45am

Pakistan

Reko Diq project: Talks with Saudi govt enter final stage: minister

ISLAMABAD: Petroleum Minister Musadik Malik has claimed on Wednesday that Pakistan’s negotiations with investors...

Published 05 Sep, 2024 06:19am

Markets

Ministry approached to halt gas sale at Badin

ISLAMABAD: The Petroleum Ministry has been approached for immediate action to halt the unlawful sale of ...

Published 29 Aug, 2024 06:53am

Transfer CPPs to the national grid, suggests PD

ISLAMABAD: The Petroleum Division has suggested the government transferring captive power plants to the National...

Updated 28 Aug, 2024 08:42am

Pakistan

PM Shehbaz directs for third party validation of projects worth over Rs2 billion

Prime Minister Shehbaz Sharif on Saturday directed the relevant authorities to conduct third party validation of all...

Published 24 Aug, 2024 06:57pm

Tiered pricing system: Gas tariff hike spared 66pc of consumers: Musadik

ISLAMABAD: Petroleum Minister Musadik Malik Wednesday clarified that 66 percent of gas consumers remain unaffected...

Updated 22 Aug, 2024 09:33am

Gas tariff to stay unchanged for 3 months: Musadik

Says if necessary, any relief measures will be implemented in consultation with all the provinces

Updated 21 Aug, 2024 01:11pm

Govt takes much of the credit for decline in food inflation

ISLAMABAD: Federal Minister for Petroleum Dr Musadik Masood Malik on Thursday said that the positive impact of the...

Updated 09 Aug, 2024 09:22am

Cheap Russian oil: Musadik claims private sector made hefty profits

ISLAMABAD: Minister for Petroleum, Dr. Musadik Masood Malik has reportedly accused private sector of earning huge...

Updated 02 Aug, 2024 09:54am

Subsidy package for those consuming up to 200 units announced

ISLAMABAD: Federal Minister for Petroleum Musadik Malik said on Tuesday that a Rs 50 billion energy subsidy package...

Updated 31 Jul, 2024 09:53am

Pakistan

Turkmenistan delegation meets petroleum minister

ISLAMABAD: Federal Minister for Petroleum Dr. Musadik Malik held a meeting with the Deputy Chairman of the Cabinet ...

Published 25 Jul, 2024 06:24am

Pakistan

Azerbaijan eyes multi-billion-dollar investment in Pakistan: Musadik Malik

Baku considering investment in mineral sector, including oil and gas, minister says

Published 10 Jul, 2024 08:15pm

Pakistan

Danish FLSmidth keen to explore Pakistan’s mining sector

FLSmidth, a Danish multinational technology company, has expressed interest in Pakistan’s mining sector. The...

Updated 22 Jun, 2024 11:20pm

Reaction to Musadik’s, Kundi’s offer: No talks with ‘beneficiaries of Form 47’: PTI

ISLAMABAD: The Pakistan Tehreek-e-Insaf (PTI) reacted to the dialogue offer from Minister for Petroleum Division and...

Updated 02 Jun, 2024 09:22am

Business & Finance

Positive signs indicate economic turnaround: Musadik

ISLAMABAD: Minister for Petroleum Musadik Malik said on Sunday that both internal and external economic indicators...

Published 27 May, 2024 05:52am

Business & Finance

Gems, precious stones sector: PM seeks steps to elevate status

ISLAMABAD: Prime Minister Muhammad Shehbaz Sharif wanted taking steps to give the status of regular industry to the...

Published 23 May, 2024 05:15am

Visit to begin on 5th: PM sets up panel to facilitate private sector team from KSA

Pakistan is eyeing an investment of up to $15-20 billion from Saudi Arabia in different sectors/ fields including purchase of public sector entities or share purchases

Updated 02 May, 2024 12:05pm

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
FTSE 100 / Jan 20	8,520.54
Germany DAX 30 / Jan 20	20,990.31
France CAC40 / Jan 20	7,733.50
India Sensex / Jan 21	76,270.33
Tokyo Nikkei / Jan 21	39,027.98

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%)
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%)
D.M. Textile / Jan 21 D.M. Textile Mills Limited(DMTX)	77.59 ▲ 7.05 (9.99%)
Shadman Cotton / Jan 21 Shadman Cotton Mills Limited(SHCM)	31.82 ▲ 2.89 (9.99%)
F.Credit & Inv / Jan 21 First Credit and Investment Bank Limited(FCIBL)	8.20 ▲ 0.74 (9.92%)

Stock	Price
Sanghar Sugar / Jan 21 Sanghar Sugar Mills Limited(SANSM)	22.51 ▼ -2.48 (-9.92%)
Kohat Textile / Jan 21 Kohat Textile Mills Limited(KOHTM)	32.32 ▼ -2.58 (-7.39%)
Punjab Oil / Jan 21 Punjab Oil Mills Limited(POML)	147 ▼ -11.02 (-6.97%)
Parmount Sp. / Jan 21 Paramount Spinning Mills Limited(PASM)	4.30 ▼ -0.31 (-6.72%)
Suhail Jute / Jan 21 Suhail Jute Mills Limited(SUHJ)	106 ▼ -7.47 (-6.58%)
S.G.Power / Jan 21 S.G. Power Limited(SGPL)	9.20 ▼ -0.61 (-6.22%)
GOC (Pak) / Jan 21 GOC (Pak) Limited.(GOC)	64.99 ▼ -4.10 (-5.93%)
Prosperity Weav / Jan 21 Prosperity Weaving Mills Limited(PRWM)	35 ▼ -2.00 (-5.41%)
Saritow Spinning / Jan 21 Saritow Spinning Mills Limited(SSML)	9.40 ▼ -0.53 (-5.34%)

Stock	Volume
Lotte Chemical / Jan 21 Lotte Chemical Pakistan Limited(LOTCHEM)	59,473,543 ▼ -0.10
Bank Makramah / Jan 21 Bank Makramah Limited(BML)	57,800,421 ▲ 0.33
WorldCall Telecom / Jan 21 Worldcall Telecom Limited(WTL)	56,891,848 ▼ -0.02
Fauji Cement / Jan 21 Fauji Cement Company Limited(FCCL)	38,375,069 ▲ 1.83
Cnergyico PK / Jan 21 Cnergyico PK Limited(CNERGY)	30,395,842 ▲ 0.26
Hascol Petrol / Jan 21 Hascol Petroleum Limited(HASCOL)	24,273,766 ▼ -0.18
Dewan Motors / Jan 21 Dewan Farooque Motors Limited(DFML)	22,896,108 ▼ -1.04
Hub Power Co. / Jan 21 The Hub Power Company Limited(HUBC)	21,405,956 ▼ -2.77
Citi Pharma Ltd / Jan 21 Citi Pharma Ltd.(CPHL)	19,827,701 ▲ 2.70

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