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Dollar Loses Rs. 14 against Pakistani Rupee in a Single Day, Falls to Rs. 226 in Open Market
03/08/2022

Dollar Loses Rs. 14 against Pakistani Rupee in a Single Day, Falls to Rs. 226 in Open Market

In July Pakistan's Exports declined by 5% after 17 months of increase
03/08/2022

In July Pakistan's Exports declined by 5% after 17 months of increase

Total petroleum and lubricant sales in Pakistan clocked in at 1.44 million tons in July 2022, a decrease of 26% on a mon...
03/08/2022

Total petroleum and lubricant sales in Pakistan clocked in at 1.44 million tons in July 2022, a decrease of 26% on a month-on-month (MoM) basis while declining 26% on a year-on-year (YoY) basis.
“Oil sales are now down 34% in last two months,” said Topline Securities in a report on Tuesday.
This was mainly due to a significant decline in all three petroleum products: High Speed Diesel (HSD) sales reduced by 38% MoM to 444,000 tons, Motor Gasoline (MOGAS) sales declined by 15% MoM to 594,000 tons and Furnace Oil (FO) sales dipped by 23% MoM to 350,000 tons.
“Major reasons behind the decline in oil sales are, (i) Eid holidays during the first half of July where inter provincial transportation activity subsided which led to low HSD sales, and (ii) monsoon season across the country resulted in lower traffic on the roads,” said Topline Securities.

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