Shanghai Electric allows to make offer for K-Electric till June 26

KARACHI: Securities and Exchange Commission of Pakistan (SECP) has granted extension of 90 days to make public announcement of offer by Shanghai Electric Power Company Limited to acquire shares of K-Electric. In... Read more »

OCAC suggests fortnightly POL prices revision

KARACHI: The Oil Companies Advisory Committee (OCAC) has advised the government to review petroleum prices on fortnightly basis instead monthly basis. Read more »

Byco Petroleum announces setting up diesel hydro de-sulphurising unit

KARACHI: Byco Petroleum Pakistan Limited has announced to set up a diesel hydro de-sulphurising unit and a fluid catalytic cracking unit with the facilitation from Byco Industries Incorporated. Read more »

Domestic oil sales fall by 14% on economic slowdown

KARACHI: The domestic oil sales have declined by 14 percent during July – February 2019/2020 due to economic slowdown. Read more »

Petroleum prices reduced up to Rs7 per liter

ISLAMABAD: The government has reduced prices of petroleum products up to Rs7 per liters for the month of March 2020, a notification said on Saturday. Read more »

OGDCL declares fall in net profit to Rs53.18 billion during six months

KARACHI: The net profit of Oil and Gas Development Company Limited (OGDCL) fell to Rs53.184 billion for the six-month period ended December 31, 2019. Read more »

Pakistan Petroleum declares 21% decline in half year profit

KARACHI: Pakistan Petroleum Limited (PPL) has announced 21 percent decline in after tax profit for half-year period ended on December 31, 2019. Read more »

Oil prices fall by 15% since coronavirus outbreak

KARACHI: The international oil prices have fallen by around 15 percent since the outbreak of deadly coronavirus, analysts at Arif Habib Limited said on Tuesday. Read more »

Many fuel stations shut down after sudden demand, supply suspension rumors

KARACHI: Several fuel stations were shut down in the city on Wednesday evening due to sudden demand after rumors of fuel supply suspension following mysterious toxic gas leakage. Read more »

Oil sales fall by 10% on slow economic activity

KARACHI: The domestic oil sales have declined by 10 percent during first seven months (July – January) 2019/2020 owing to slow economic activity. Read more »