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PETROLEUM DIVISION

LCCI praises ministry for releasing imported chemicals from ports

LAHORE: The Lahore Chamber of Commerce & Industry has expressed deep appreciation to the Ministry of Energy’s...

Published 29 Nov, 2024 08:10am

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

Petroleum Div for selling 100mmcfd gas to third party

ISLAMABAD: Petroleum Division has prepared a summary for the Executive Committee of National Economic Council...

Updated 20 Nov, 2024 09:24am

Sale of 35pc of unallocated gas: Govt strikes deal to submit framework to Ecnec

ISLAMABAD: The high-powered committee of the federal government reached an in-principle agreement to submit a...

Updated 19 Nov, 2024 03:12pm

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

Pakistan

Govt keeps petrol, diesel prices unchanged

Prices of petrol and HSD to remain at Rs248.38, and Rs255.14 per litre, respectively

Updated 16 Nov, 2024 12:36am

PD misses SIFC deadline to resolve issues facing oil refineries

ISLAMABAD: The Petroleum Division could not address oil refineries obstacles by November 10th, as mandated by the...

Updated 12 Nov, 2024 02:35pm

No gas for CPPs as per IMF terms: MoC moves PM for reversal of decision

ISLAMABAD: The Commerce Ministry has approached the Prime Minister for reversal of federal government’s decision to...

Updated 08 Nov, 2024 09:47am

Badin-IV South Block: Alleged sale of gas thru unlicensed co irks Senate panel

ISLAMABAD: A parliamentary panel, on Friday, showed serious concern over alleged third party sale of gas in the...

Updated 02 Nov, 2024 03:09pm

Markets

Govt reduces petrol price by Rs2.07, HSD’s by Rs3.40 per litre

New prices come into effect from October 1, 2024

Updated 30 Sep, 2024 11:15pm

Business & Finance

RLNG supplies: SNGPL’s SOS to PD over power sector underpayment

ISLAMABAD: The Sui Northern Gas Pipelines Limited (SNGPL) has sent SOS to the Petroleum Division against less...

Updated 27 Sep, 2024 09:13am

MPs for closure of refineries using Euro-2 standard

ISLAMABAD: A parliamentary panel on Thursday called for the closure of oil refineries producing Euro-2 and below...

Updated 27 Sep, 2024 09:12am

Commitment with IMF: CPPs: Gas disconnection process begins

ISLAMABAD: The country’s both gas utility companies are said to have started the process to disconnect gas to...

Updated 25 Sep, 2024 12:12pm

Markets

Govt reduces petrol price by Rs10, HSD’s by Rs13.06 per litre

New prices come into effect from September 16, 2024

Published 15 Sep, 2024 11:12pm

Processing industry: MoF seeks mechanism to avoid misuse of gas

ISLAMABAD: Finance Ministry has reportedly sought a mechanism from the Petroleum Division which guarantees that the...

Updated 09 Sep, 2024 09:08am

Pakistan

Clarification by PPL

ISLAMABAD: Pakistan Petroleum Limited (PPL) is a public listed company, regulated under the Companies Act, 2017 and...

Published 06 Sep, 2024 08:16am

Pakistan

AGP accuses MD PPL of giving undue favour in appointment case

ISLAMABAD: The auditor general of Pakistan (AGP) accused managing director (MD) Pakistan Petroleum Limited (PPL) of...

Published 05 Sep, 2024 07:57am

3 Oct cargoes to be cancelled: Leading OMCs’ Sept cargo deferred

ISLAMABAD: Leading importing Oil Marketing Companies’ September cargo has been deferred and three cargoes in October...

Updated 05 Sep, 2024 09:07am

Business & Finance

‘Undue benefits’ to PEL: AGP asks PD to conduct inquiry

ISLAMABAD: The Auditor General of Pakistan (AGP) has asked the Petroleum Division to conduct an inquiry and hold...

Published 04 Sep, 2024 07:44am

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

PD working on Reko Diq project transaction

ISLAMABAD: Petroleum Division is reportedly in the process of initiating a summary for approval of Reko Diq Project...

Updated 26 Aug, 2024 09:24am

Adverse impact of budget on refineries policy: PD and FBR preparing a viable solution

ISLAMABAD: The Petroleum Division and the Federal Board of Revenue (FBR) are reportedly preparing a viable solution...

Updated 23 Aug, 2024 09:24am

Markets

Govt reduces petrol price by Rs8.47, HSD’s by Rs6.7 per litre

New prices come into effect from August 14, 2024

Updated 14 Aug, 2024 12:52am

Govt to alter gas supply priority order

Captive industry to be treated at par with CNG sector

Updated 12 Aug, 2024 03:04pm

RLNG pushes up generation cost: KE urges govt to help provide gas to its power plants

ISLAMABAD: K-Electric has approached federal government for allocation of indigenous gas fields which can be...

Updated 08 Aug, 2024 09:19am

Senate panel told: Ogra takes over oil demand-supply function

ISLAMABAD: An Oil and Gas Regulatory Authority (Ogra) official Friday apprised a parliamentary panel that the...

Updated 03 Aug, 2024 01:03pm

Petroleum policy: New PD terms could discourage $5bn potential investment

ISLAMABAD: The Petroleum Division has prepared a framework for allocation of gas to third party proposing amendments...

Updated 03 Aug, 2024 09:00am

FY25 sell-off plan likely to be approved today

Cabinet Committee on Privatisation approves 24 SOEs for inclusion in privatisation programme

Updated 02 Aug, 2024 09:57am

Pakistan

AJK landslide: Alternate oil supply route planned

ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) urgently convened a meeting with representatives from the...

Published 30 Jul, 2024 03:10am

KE seeks PD’s help in getting MPCL gas

ISLAMABAD: K-Electric (KE) has sought support of Petroleum Division (PD) to get 100 MMSCFD indigenous gas from the...

Updated 29 Jul, 2024 09:08am

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
Karachi Cotton PKR/37.32 KG / Dec 21	17,585
Petrol/Litre / Dec 22	252.10

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

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