Oil price

That political dispute could affect up to 1.17 million barrels per day of output from the North African country

Federal govt will transfer authority to set petroleum prices from government to oil marketing companies, say sources

Local price of gold per tola soared by Rs4,600, reaching record high of Rs254,000

US crude inventories fell by 4.9 million barrels last week

Both benchmarks dropped in the three prior sessions, with Brent crude futures trading as low as $83.30

Currency has largely remained stable as it continued to move in range of Rs278-278.50/$ over the past several weeks

KSE-100 index sheds 80.49 points, settles at 71,971.40

Lower dollar rate also supports decrease in SPI reading

Says Pakistan could have defaulted like Sri Lanka if previous govt’s agreements with IMF were not fulfilled

ECC also approves mechanism to retire Rs200b circular debt

May WTI crude contract plunges as storage options run out

Finance Division working on hedging options to take advantage of low crude prices

Investors will anxiously watch for coordinated response to fight global health crisis

Says sabotage and arson is done by hooligans, not our people

OPEC-led supply cuts and US sanctions on Venezuela and Iran bolster prices

Says the decision that will spark a new wave of inflation and badly hurt growth of business activities

Petroleum ministry’s claim in National Assembly nothing but an exaggeration

OGRA, however, recommends increase in kerosene oil price

KSE 100-share Index ends 0.61% higher week-on-week