Posts

daily check

·   OMC volumes for the month of Mar’25 clocked in at 1.22mn tons, up 5%YoY/7%MoM. ·   On a product wise basis, volumes for MS and HSD stood up by 1%YoY/4%MoM and 5%YoY/14%MoM, respectively, led by recovering cross-country travel during the Eid holidays season. ·   Volumetric sales for PSO during Mar’25 stood at 510k tons, down by 14%YoY, however, recovering by 8% on a sequential basis. ·   Market shares of PSO/APL/WAFI/CNERGY stood at 41.9%/8.6%/7.2%/4.2% during Mar’25, respectively. ·   We maintain our growth projection of 3%YoY for sector sales during FY25E, led by lower fuel prices alongside recovery in economic activity during the year. OMC offtakes up 5%YoY during Mar’25: OMC volumes for the month of Mar’25 clocked in at 1.22mn tons, up 5%YoY/7%MoM. On a product wise basis, volumes for MS and HSD stood up by 1%YoY/4%MoM and 5%YoY/14%MoM, respectively, led by recovering cross-country travel during the Eid holidays season. Notably, industry’s HOBC sales cont...
Post a Comment
Read more

NewsDaily

Tariffs: MoC team to visit Washington The Ministry of Commerce (MoC) has sought proposals from all the concerned ministries to devise a joint strategy to deal with United States (US) reciprocal trade and tariffs as a delegation led by Commerce Ministry is to visit Washington in this regard, well informed sources told Business Recorder. The United States has imposed a 29 per cent reciprocal tariff on imports from Pakistan, driven by its $2.99 billion trade deficit with Pakistan. The United States is a critical market for Pakistan’s exports, particularly for textiles and apparel. In 2024, total exports to the US stood at $5.12 billion, of which $3.93 billion, or 76.7 per cent, were textile and apparel. Govt to devise strategy to lessen US tariff impact Commerce Ministry, sources said, has cited reference to the directives of Prime Minister Shehbaz Sharif, whereby, a working group has been constituted under the convener-ship of the Secretary Commerce, Jawad Paul. and Steering Committee u...
Post a Comment
Read more

Fire and Blood

Image
the maesters of the itadel who keep the histories of Westeros have used Aegon’s Conquest as their touchstone for the past three hundred years. Births, deaths, battles, and other events are dated either AC (After the Conquest) or BC (Before the Conquest). True scholars know that such dating is far from precise. Aegon Targaryen’s conquest of the Seven Kingdoms did not take place in a single day. More than two years passed between Aegon’s landing and his Oldtown coronation…and even then the Conquest remained incomplete, since Dorne remained unsubdued. Sporadic attempts to bring the Dornishmen into the realm continued all through King Aegon’s reign and well into the reigns of his sons, making it impossible to fix a precise end date for the Wars of Conquest. Even the start date is a matter of some misconception. Many assume, wrongly, that the reign of King Aegon I Targaryen began on the day he landed at the mouth of the Blackwater Rush, beneath the three hills where the city of King’s...
Post a Comment
Read more