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Pakistan mulls US oil imports to ease trade imbalance, sources say

Pakistan faces a 29% tariff due to a $3 billion trade surplus with the US

Updated about 15 hours ago

Markets

Oil tumbles nearly 8% as China retaliates with tariffs on US

Brent futures down $5.55, or 7.9%, to $64.59 a barrel

Updated 04 Apr, 2025 08:46pm

Markets

Oil dives more than 6pc, steepest fall in 3 years

HOUSTON: Oil prices swooned on Thursday to settle with their steepest percentage loss since 2022, after OPEC+ agreed...

Published 04 Apr, 2025 05:22am

Markets

Oil falls 2pc but concerns over supply disruptions provide support

HOUSTON: Oil prices fell 2% on Friday but were unchanged on the week as concerns about supply disruptions in Russia...

Published 22 Feb, 2025 06:31am

Markets

Oil prices flat, set for weekly drop as Trump touts energy policy

HOUSTON: Oil prices were flat on Friday but were on track to fall on the week after U.S. President Donald Trump...

Updated 24 Jan, 2025 10:47pm

Markets

Oil prices held down by Trump tariff uncertainty

NEW YORK: Oil prices were little changed on Thursday, maintaining almost all of the previous session’s losses on...

Published 24 Jan, 2025 06:26am

Markets

South Korea looking at buying more US oil and gas, energy minister says

SEOUL: South Korea is interested in importing more US oil and gas to diversify energy sources and ensure stable...

Published 16 Jan, 2025 10:41am

Markets

Oil prices rise

HOUSTON: Oil prices rose more than 1% on Wednesday after the European Union agreed an additional round of sanctions...

Published 12 Dec, 2024 07:06am

World

Trump prepares wide-ranging energy plan to boost gas exports, oil drilling

NEW YORK: Donald Trump’s transition team is putting together a wide-ranging energy package to roll out within days...

Published 26 Nov, 2024 07:10am

Markets

Oil steadies as Sverdrup field restart counters geopolitical concerns

NEW YORK: Oil prices steadied on Tuesday as Norway’s Johan Sverdrup oilfield restarted production while there were...

Published 20 Nov, 2024 07:49am

Markets

Oil falls over 2pc

NEW YORK: Oil prices fell more than 2 percent on Friday as traders grew less fearful of prolonged supply disruptions...

Published 09 Nov, 2024 06:36am

Markets

Oil prices up on big storage withdrawal

NEW YORK: Oil prices edged up about 1% on Thursday on a bigger-than-expected withdrawal from US inventories and a...

Published 06 Sep, 2024 07:04am

Markets

Oil climbs 3pc as Libya output cuts further supply concerns

HOUSTON: Oil prices settled 3% higher on Monday as production cuts in Libya added to supply concerns stemming from...

Published 27 Aug, 2024 06:44am

Markets

Oil climbs $2/barrel

HOUSTON: US light crude oil gained more than $2 a barrel on Friday after comments by US Federal Reserve Chair Jerome...

Published 24 Aug, 2024 06:23am

Markets

Oil falls on China demand fears

HOUSTON: Oil futures fell about 1.5% on Friday, finishing the week lower on declining Chinese demand and hopes of a...

Published 28 Jul, 2024 06:49am

Markets

Oil prices slip after US crude hub escapes serious storm damage

NEW YORK: Oil prices eased on Tuesday after traders learned that prolonged supply disruptions from Hurricane Beryl...

Published 10 Jul, 2024 03:14am

Markets

Oil prices rise after positive US economic data

LONDON: Oil futures rose on Thursday bolstered by slower than expected inflation and a stabilising U.S. job market,...

Updated 16 May, 2024 07:37pm

Markets

Oil prices gain

NEW YORK: Crude prices edged up on Wednesday from a two-month low in the prior session as the market balanced...

Published 16 May, 2024 06:28am

Markets

Oil prices rise

NEW YORK: Oil prices edged higher on Wednesday after US oil storage data showed a larger-than-expected draw in crude...

Published 09 May, 2024 03:11am

Markets

Norway oil workers agree to wage deal, averting strike

OSLO: Wage talks between Norwegian oil firms and three labour unions ended in a deal on Wednesday, industry and...

Published 08 May, 2024 10:58am

Markets

Oil slides on rising US stockpiles, strong dollar

LONDON: Oil prices fell on Wednesday as industry data showed a rise in crude and fuel inventories in the U.S. and as...

Updated 08 May, 2024 05:01pm

Markets

Oil slides as easing supply concerns overshadow ME tensions

NEW YORK: Oil prices steadied on Tuesday as easing supply concerns and signs of weakening demand countered fears of...

Published 08 May, 2024 07:33am

Markets

US crude oil production down in Jan

HOUSTON: US crude oil production dropped in January to 12.533 million barrels per day (bpd), a 6% decline from...

Published 30 Mar, 2024 06:39am

Business & Finance

Exxon-Pioneer tie up could squeeze US shale oil suppliers, pipelines

HOUSTON: Top US oil producer Exxon Mobil’s planned acquisition of the No. 1 Permian shale producer Pioneer Natural...

Published 10 Oct, 2023 06:19am

Markets

Oil climbs as risk appetite grows, focus returns to supply outlook

LONDON: Oil prices climbed $1 on Monday after suffering losses at the end of last week, as investors’ focus returned...

Updated 02 Oct, 2023 05:43pm

Markets

Oil settles lower but ends quarter up 28pc on tight supply

NEW YORK: Oil prices settled 1% lower on Friday due to macroeconomic concerns and profit taking, but rose about 30%...

Published 02 Oct, 2023 06:33am

Markets

Oil prices steady around 10-month highs

NEW YORK: The benchmark oil price was little changed on Monday, holding above the $90 a barrel reached last week for...

Published 12 Sep, 2023 06:22am

Markets

Oil edges up on prospect of extended OPEC+ supply cuts

NEW YORK: Oil prices edged higher on Monday on expectations that OPEC+ would keep supplies tight and speculation...

Updated 04 Sep, 2023 09:09pm

Markets

Oil rises to highest in over seven months on supply worries

NEW YORK: Oil prices rose on Friday to their highest in over half a year and snapped a two-week losing streak, ...

Published 04 Sep, 2023 06:21am

Markets

Oil rises as Hurricane Idalia threatens to hit tight supplies

BENGALURU: Oil prices edged higher on Tuesday as Hurricane Idalia intensified as it headed towards Florida’s Gulf...

Published 30 Aug, 2023 03:33am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 15	280.63
USD PKR Interbank Buying / Apr 15	280.43
USD to Japanese Yen / Apr 15	142.64
USD to Swiss Franc / Apr 15	0.82
Pound Sterling to USD / Apr 15	1.33
Euro to USD / Apr 15	1.13
UK LIBOR % / Apr 15	4.96

Stock	Volume
S&P 500 / Apr 15	5,396.63
India Sensex / Apr 15	76,996.78
Tokyo Nikkei / Apr 15	34,016.31
Nasdaq / Apr 15	16,823.17
Hang Seng / Apr 15	20,980.24
FTSE 100 / Apr 15	8,249.12
Dow Jones / Apr 15	40,368.96
Germany DAX 30 / Apr 15	21,253.70
France CAC40 / Apr 15	7,335.40

Item	Value
Crude Oil USD/Barrel / Apr 15	61.11
Karachi Cotton PKR/37.32 KG / Apr 15	16,985
Gold 10 Grams PKR / Apr 15	290,980
Gold Spot USD/Ounce / Apr 15	3,276.68
Cotton US¢/pound / Apr 15	65.86
Petrol/Litre / Apr 16	254.63
Diesel/Litre / Apr 16	258.64

Gainers
Losers
Leaders

Stock	Price
Power Cem(Pref) / Apr 16 Power Cement (Pref)(POWERPS)	14.91 ▲ 1.36 (10.04%)
Gammon Pak / Apr 16 Gammon Pakistan Limited(GAMON)	28.12 ▲ 2.56 (10.02%)
Mandviwala / Apr 16 Mandviwala Mauser Plastic Industries(MWMP)	17.68 ▲ 1.61 (10.02%)
Redco Textile / Apr 16 Redco Textiles Limited(REDCO)	27.80 ▲ 2.53 (10.01%)
Nimir Resins / Apr 16 Nimir Resins Limited(NRSL)	38.59 ▲ 3.51 (10.01%)
National Silk / Apr 16 The National Silk & Rayon Mills Limited(NSRM)	35.20 ▲ 3.2 (10%)
Atlas Battery / Apr 16 Atlas Battery Limited(ATBA)	348.48 ▲ 31.68 (10%)
Imperial Limited / Apr 16 Imperial Limited(IML)	14.85 ▲ 1.35 (10%)
Gillette Pak / Apr 16 Gillette Pakistan Limited(GLPL)	168.98 ▲ 15.36 (10%)
Punjab Oil / Apr 16 Punjab Oil Mills Limited(POML)	152.86 ▲ 13.9 (10%)

Stock	Price
United Insurance / Apr 16 The United Insurance Company(UNIC)	16.40 ▼ -3.09 (-15.85%)
Oilboy Energy(R) / Apr 16 Oilboy Energy Limited(R)(OBOYR2)	1.36 ▼ -0.17 (-11.11%)
Hafiz Ltd. / Apr 16 Hafiz Limited(HAFL)	253.51 ▼ -28.17 (-10%)
Blue-Ex Ltd / Apr 16 Blue-Ex Limited (GEM)(GEMBLUEX)	59.41 ▼ -6.59 (-9.98%)
Sindh Abadgar / Apr 16 Sindh Abadgar's Sugar Mills Limited(SASML)	52.70 ▼ -5.63 (-9.65%)
Nazir Cotton Mills / Apr 16 Nazir Cotton Mills Limited(NCML)	12.01 ▼ -1.23 (-9.29%)
Pak. P.V.C. / Apr 16 Pakistan PVC Limited(PPVC)	8.01 ▼ -0.78 (-8.87%)
Al-Khair Gadoon / Apr 16 Al-Khair Gadoon Limited(AKGL)	41.20 ▼ -3.9 (-8.65%)
PICIC Ins.Ltd. / Apr 16 PICIC Insurance Limited(PIL)	2.51 ▼ -0.22 (-8.06%)
F.Credit & Inv / Apr 16 First Credit and Investment Bank Limited(FCIBL)	7.01 ▼ -0.6 (-7.88%)

Stock	Volume
Cnergyico PK / Apr 16 Cnergyico PK Limited(CNERGY)	22,486,165 ▲ 0.01
Fauji Foods Ltd / Apr 16 Fauji Foods Limited(FFL)	17,991,484 ▲ 0.28
At-Tahur Ltd. / Apr 16 At-Tahur Limited(PREMA)	12,573,272 ▲ 4.8
B.O.Punjab / Apr 16 The Bank of Punjab(BOP)	12,043,251 ▼ -0.04
P.S.O. / Apr 16 Pakistan State Oil Company Limited(PSO)	9,662,877 ▼ -7.09
Pak Stock Exchange / Apr 16 Pakistan Stock Exchange Limited(PSX)	8,214,168 ▲ 1.71
Citi Pharma Ltd / Apr 16 Citi Pharma Limited(CPHL)	7,766,063 ▲ 0.24
Sui South Gas / Apr 16 Sui Southern Gas Company Limited(SSGC)	7,586,920 ▼ -0.59
TPL Properties / Apr 16 TPL Properties Limited(TPLP)	6,577,473 ▲ 0.26
Pak Refinery / Apr 16 Pakistan Refinery Limited(PRL)	6,134,878 ▼ -0.27

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