Tag: OMCs
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PSX bounces back with gain of nearly 500 points
The Pakistan Stock Exchange (PSX) welcomed a resurgence of bullish activity as the KSE-100 Index marked a substantial gain of nearly 500 points in Tuesday’s trading session. At 1:55 pm, the benchmark index stood at 66,496.21, reflecting a noteworthy increase of 483.89 points, or 0.73 per cent. The positive momentum was evident in key sectors…
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ECC approves margin hike for petroleum dealers and OMCs starting September 15
The Economic Coordination Committee (ECC) of the Cabinet, in a significant move, has given its nod to incrementally raise the margins of petroleum dealers and oil marketing companies (OMCs) starting from September 15. This decision followed a detailed review of a proposal submitted by the Ministry of Energy (Petroleum Division). The ECC’s decision entails an…
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Shell Pakistan posts after-tax profit of Rs7.4 billion in first half of 2022
The results for the first half of the year are announced by Shell Pakistan Limited’s (SPL) Board of Directors. In comparison to the profit of Rs2,153 million recorded during the same period last year, the company reported an after-tax profit of Rs7,469 million in 2022. The significant rebound is a result of increased company performance…