Oil and Gas Development Company Limited (OGDCL) has received Rs 82 billion due to settlement of invoices from different clients. OGDC settlement of invoices have significantly improved due to policy and administrative interventions by the Government.Task Force Okays Rs89bn OGDCL Payment Petroleum Division had taken measures for timely payments by Sui Company. Sources said that…
Pakistan and Qatar have reached a deal to divert 24 LNG cargoes in 2026 due to low demand of gas in Pakistan following a formula of net proceeds differential (NPD). Under this formula, Pakistan will have to bear the loss if the Qatar sells LNG Cargoes in open market below the contract cost. Read More:…
Gold prices in Pakistan fell on Thursday as interbank-based valuations tracked a mild pullback in international markets, according to rate sheets issued by the All Pakistan Sarafa Gems and Jewellers Association. Gold slipped across all quoted purity levels. The tola price for 24-karat gold fell to Rs441,462, marking a Rs1,700 decline from the previous session….
The Pakistani rupee posted a gain against the US dollar on Thursday in the inter-bank market. It closed at 280.45, registering a gain of Rs0.01. Earlier, the Pakistani rupee has gained against the US dollar in early hours of trading on Thursday. It appreciated 0.07% in the inter-bank market. It was trading at 280.25, registering…
After a heavy spell of institutional selling in Thursday’s session, the local bourse staged a welcome recovery today. The benchmark index touched an intraday high of 691 points before closing at 166,283, up 138 points or 0.08%, reflecting renewed buying interest and improved intraday sentiment. On the news front, confidence strengthened after the Prime Minister announced that the bidding process for…
Gold rate in Pakistan are fluctuated in line with revision in gold prices in international market. The trading of gold in Pakistan also causes fluctuation in prices of gold in local market. Check Out Live Gold Prices in Pakistan
Talks between Petroleum Division and oil industry over installing Auto Tank Gauging (ATG) system at petrol pumps ended in deadlock on Wednesday. The government wants to install ATG at all petroleum pumps to monitor sale of petroleum products. The oil industry says that it is feasible in phased manner. Petroleum division says that it would…
Due to the natural depletion of indigenous gas reservoirs on annual basis, SSGC has been experiencing gas shortages in its system. Since FY 2017–18 the gas supplies have been reduced by 55% (1192 MMSCFD in FY-2017-18 to current 660 MMSCFD) in SSGC’s allocated gas fields and subsequently 535 MMCFD of gas depletion has been observed…
The Pakistani rupee on Wednesday witnessed an improvement against US dollar in the inter-bank market. It closed at 280.46 against US dollar registering a gain of Rs0.01. It had closed at 280.47 on Tuesday.Pakistani Rupee Strengthens Again
The KSE-100 Index closed at 166,145 after shedding 1,496 points on the day. The KSE-100 Index concluded the trading session on a muted note, settling at 166,145 points after shedding 1,496 points. The benchmark remained highly volatile throughout the day, swinging between an intraday peak of 168,160 and a trough of 166,115, as news of…