KARACHI: The Pakistan bourse increased 1.3 per cent during the week ended March 4, 2022, which can largely be attributed to the contribution from the E&P, which gained on account of run up in the crude oil prices, amid the ongoing Russia and Ukraine conflict that has resulted in higher international commodity prices. The Pakistan … Read more
KARACHI: The unconsolidated profit after tax of Pakistan Petroleum Limited (PPL) showed a growth of 24 per cent to Rs14.71 billion translating into the earnings per share (EPS) Rs5.41 during the quarter ended December 31, 2021. The company posted a profit of Rs11.88 billion (EPS: Rs4.37) during the same period last year. During the first … Read more
KARACHI: The low foreign inclusion factor remains a major reason for Pakistan’s MSCI Index to witness no major changes in the negotiations, analysts said. The MSCI has commenced consultations on the potential inclusion of MSCI Pakistan Index to the MSCI Frontier Market (FM) 100 index and MSCI FM 15 per cent Country Capped Index, a … Read more
KARACHI: The Sui Southern Gas Company (SSGC) participated in the Abu Dhabi International Petroleum Exhibition and Conference, a statement said. ADIPEC is a premier energy sector event held in Abu Dhabi. It is hosted annually by Abu Dhabi National Oil Company (Adnoc). Managing Director of the SSGC, Imran Maniar said that finding new suppliers, probing … Read more
ISLAMABAD: The Pakistan Petroleum Limited (PPL) received the highest Corporate Philanthropy Award for being the largest corporate giver in terms of volume of donations during 2019/20, a statement said. The Pakistan Center for Philanthropy (PCP), which organised the event, judged the winner based on their research-based annual philanthropy survey. The company has maintained the top … Read more
KARACHI: The Pakistan Petroleum Limited (PPL) has announced a net profit of Rs52.28 billion, translating into the earnings per share (EPS) of Rs19.21 for the year ended June 30, 2021, which is 5.78 per cent higher than the profit of Rs49.42 billion and the EPS of Rs18.16 in the previous year. The board of directors … Read more
Pakistan Petroleum Limited (PPL) has declared to have discovered the gas in Latif Block in the province of Sindh. PPL stated in a letter to the Pakistan Stock Exchange (PSX), “We are pleased to disclose a hydrocarbon discovery from an exploratory well, Jugan-1, in the Latif Block”. The well was drilled to a total depth … Read more
KARACHI: The equity market started the session in the green zone, but later on bears took the charge and dominated the bourse throughout the day, while traded volume remained low due to the absence of any positive trigger, delay in refinery policy and mixed results announcements, dealers said on Thursday. An analyst at Arif Habib … Read more
KARACHI: The Pakistan Petroleum Limited (PPL)-led consortium of companies has incorporated a special purpose vehicle (SPV) in Abu Dhabi, a prerequisite to qualify for the award for the exploration block, a bourse filing reported on Thursday. A consortium comprising Pakistan’s leading exploration and production companies, including Mari Petroleum Company Limited (MPCL), Oil and Gas Development … Read more
KARACHI: The Pakistan Petroleum Limited (PPL) has made a maiden offer to sell 3mmscfd (million standard cubic feet per day) wellhead raw gas from its Naushero Feroz Block for sale to the third party, an official document suggested. The NF Hor-1 well is one of the deepest and longest horizontal wells in tight gas reservoirs … Read more
The Sui Northern Gas Pipelines Limited (SNGPL) allocated Rs 38 million for the support of governmental efforts to curb spread of coronavirus. SNGPL Board directed the company to deposit Rs 19 million in the Prime Minister’s Relief Fund SNGPL committed Rs 19 million to National Disaster Management Authority (NDMA) for the procurement of medical supplies … Read more
