Trends - Oil import - Business Recorder

Oil import

Edible oil price: Historic retreat

Terms of trade in the food sector have been Pakistan’s savings grace on the trade balance front this fiscal year....

Published 26 Mar, 2024 09:24am

Editorials

Oil exploration

EDITORIAL: Federal Energy Minister Muhammad Ali’s revelation that up to 70 percent area in Pakistan is still...

Published 12 Nov, 2023 03:14am

Markets

India’s edible oil imports likely to fall 6% in 2023-24

MUMBAI: India’s vegetable oil imports are likely to drop 6% in the new marketing year beginning November, due to...

Published 27 Sep, 2023 06:10pm

Business & Finance

FCCI, R&D dept discuss importance of renewable energy, electric vehicles

FAISALABAD: A meeting of the Faisalabad Chamber of Commerce and Industry (FCCI) Standing Committee on CPEC and...

Published 11 Aug, 2023 05:17am

FY23: POL products worth $1.182bn imported by Pakistan on deferred payment basis

ISLAMABAD: Pakistan imported petroleum products worth $ 1.182 billion on a deferred payment basis under the Saudi...

Updated 25 Jul, 2023 12:19pm

Markets

Oil rises as US inventory drop offsets rate hike fears

LONDON: Oil rallied on Wednesday after an industry report of a larger-than-expected drop in US crude inventories...

Updated 28 Jun, 2023 02:43pm

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

Markets

Oil steady as markets debate U.S. crude stocks build ahead of Fed rate decision

HOUSTON: Oil prices were little changed on Wednesday, giving up early gains, as markets weighed an unexpected, large...

Updated 14 Jun, 2023 09:40pm

Markets

China increases oil import quotas 20% on year ago

SINGAPORE/BEIJING: China has issued a third batch of 2023 crude oil import quotas, raising the total volume in the...

Published 14 Jun, 2023 09:01am

Oil import thru bonded storage facilities: PD asked to consult stakeholders on guidelines

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has directed Petroleum Division (PD) to consult...

Updated 14 Jun, 2023 09:08am

Business & Finance

More crude oil will be imported from Russia: Musadik

ISLAMABAD: Minister of State for Petroleum, Dr Musadik Malik on Tuesday said additional crude oil would be imported...

Published 14 Jun, 2023 06:21am

Markets

OPEC oil demand forecast holds steady as economic clouds gather

LONDON: OPEC left its forecast for 2023 global oil demand growth steady for a fourth month on Tuesday, though the...

Published 13 Jun, 2023 05:47pm

Markets

Oil prices rise on bargain hunting as demand worries weigh

LONDON: Oil prices rose on Tuesday on apparent bargain hunting, recovering some ground from the previous day’s...

Updated 13 Jun, 2023 07:24pm

Business & Finance

Payment made in Chinese currency: govt

ISLAMABAD: Pakistan paid for its first government-to-government import of discounted Russian crude in Chinese...

Published 13 Jun, 2023 06:00am

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

Markets

Oil prices stabilize after hefty losses on economic worry

NEW YORK: Oil prices steadied on Thursday after the previous day’s price drop on worries about a possible recession...

Updated 27 Apr, 2023 10:13pm

Business & Finance

Country to save $18/bbl on import of Russian crude: FPCCI

KARACHI: President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Irfan Iqbal Sheikh has...

Published 27 Apr, 2023 06:24am

Markets

Discounted oil: Russian delegation to reach Pakistan tomorrow

A high-level delegation from Russia, including its minister for energy, will reach Pakistan on Tuesday (January 17)...

Published 16 Jan, 2023 04:54pm

Markets

Oil falls to near year’s lows on China demand worries

Oil prices slid on Monday, falling close to their lowest level this year, as street protests against strict COVID-19...

Updated 28 Nov, 2022 09:14pm

Delegation to visit Russia for talks on oil, says Dar

ISLAMABAD: A delegation led by State Minister for Petroleum Musadik Malik will fly to Russia to discuss an agreement...

Updated 28 Nov, 2022 09:39am

Markets

Saudi deferred payment facility: Country imports $100m oil in September

ISLAMABAD: Pakistan imported petroleum products worth $100 million on deferred payment basis under the Saudi oil...

Updated 23 Oct, 2022 05:23pm

Markets

Azerbaijan sees oil at $50 per barrel in 2023 budget

BAKU: Azerbaijan’s Finance Ministry said on Thursday that it expects oil prices of $50 per barrel in the oil-rich...

Published 15 Sep, 2022 09:44pm

Markets

Month-on-month: food, oil imports post double-digit growth in August

PBS data shows these two groups constituted close to half of total imports during the previous month

Updated 15 Sep, 2022 04:49pm

PM approves 10,000MW solar energy generation plan

ISLAMABAD: Prime Minister Shehbaz Sharif has approved the plan of generating 10,000-MW cheaper electricity through...

Updated 02 Sep, 2022 09:48am

Markets

This decade’s oil boom is moving offshore - way offshore

Global oil companies are pumping billions of dollars into offshore drilling, reversing a long decline in spending on...

Published 31 Aug, 2022 11:33am

Opinion

Escaping the jaws of stagflation

Amid elevated levels of inflation, the war in Ukraine, and rising interest rates, global economic growth is expected...

Published 31 Aug, 2022 06:27am

Markets

China issues new oil import quotas for private refineries

SINGAPORE: China has issued 52.66 million tonnes of crude oil import quotas to non-state refiners in a second batch...

Updated 28 Jun, 2022 03:23pm

Govt mulling buying energy from Russia

Inter-ministerial meeting is expected to be held in Ministry of Foreign Affairs (MoFA) on Monday (today) to discuss different aspects of the proposal

Updated 27 Jun, 2022 10:12am

Opinion

Govt needs to go beyond raising prices of POL products

The incumbent government has injected a measure of clarity into its approach to myriad economic challenges facing ...

Published 28 May, 2022 05:11am

Markets

China quietly increases purchases of low-priced Russian oil

SINGAPORE: China is quietly ramping up purchases of oil from Russia at bargain prices, according to shipping data ...

Published 21 May, 2022 04:34am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jul 3	278.53
USD PKR Interbank Buying / Jul 3	278.33
USD to Japanese Yen / Jul 3	161.89
USD to Swiss Franc / Jul 3	0.90
Pound Sterling to USD / Jul 3	1.27
Euro to USD / Jul 3	1.08

Stock	Volume
S&P 500 / Jul 2	5,509.01
Nasdaq / Jul 2	18,028.77
Dow Jones / Jul 2	39,331.85
India Sensex / Jul 3	79,949.97
Tokyo Nikkei / Jul 3	40,580.76
Hang Seng / Jul 3	17,962.93
FTSE 100 / Jul 3	8,164.71
Germany DAX 30 / Jul 3	18,341.90

Item	Value
Karachi Cotton PKR/37.32 KG / Jul 2	18,235
Crude Oil USD/Barrel / Jul 3	83.25
Gold 10 Grams PKR / Jul 3	207,733
Gold Spot USD/Ounce / Jul 3	2,340.37
Cotton US¢/pound / Jul 3	72.73
Petrol/Litre / Jul 4	265.61

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Jul 4 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Jul 4 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Jul 4 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Jul 4 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Jul 4 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Jul 4 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Jul 4 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Jul 4 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Jul 4 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Jul 4 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Jul 4 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Jul 4 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Jul 4 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Jul 4 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Jul 4 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Jul 4 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Jul 4 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Jul 4 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Jul 4 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Jul 4 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Jul 4 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Jul 4 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Jul 4 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Jul 4 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Jul 4 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Jul 4 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Jul 4 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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