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Oil and Gas reserves discovered in Punjab
Pakistan Petroleum Limited (PPL) announced the discovery of fresh oil deposits in exploratory well with a capacity of 313 barrels per day of hydrocarbons together with a minor immeasurable quantity of gas.
Talagang X-1 was spud on May 24, 2018 and drilled down to the depth of 3,675 metres measured depth inside Nammal formation, PPL Company Secretary Shahana Ahmed Ali said in a notification to the Pakistan Stock Exchange (PSX) on Friday.
https://en.dailypakistan.com.pk/pakistan/pm-imran-directs-petroleum-division-to-curb-gas-theft-in-country/
Talagang X-1 is planned to be drilled deeper to test the hydrocarbon potential of secondary reservoirs in deeper formations, the notification added.
The main supplier of natural gas in Pakistan is Pakistan Petroleum Limited. PPL is focused on searching, mining, developing and producing oil and gas resources.
The oil and gas exploration company has remained the operator of Karsal block where Talangan X-1 is located with 100% working interest.
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Pakistani rupee registers marginal gain against US Dollar, Euro, Pound, Riyal and Dirham; Check forex rates
Pakistani rupee continued its momentum against the US dollar, and orther currencies in the open market on Thursday, as the local currency also improved in the inter-bank market.
Dollar Rate in Pakistan Today
On Thursday, the US dollar moved down and was being quoted at 283.2 for buying and 286.15 for selling.
Euro comes down to 308 for buying and 311 for selling. British Pound rate dropped to 358.5 for buying, and 362 for selling.
UAE Dirham AED witnessed slight drop and new rate stands at 77.4 whereas the Saudi Riyal remained stable at 76.
Today's currency exchange rates in Pakistan - 7 December 2023
Source: Forex Association of Pakistan. (last update 09:00 AM)
| Currency | Symbol | Buying | Selling |
|---|---|---|---|
| US Dollar | USD | 283.2 | 286.15 |
| Euro | EUR | 308 | 311 |
| UK Pound Sterling | GBP | 358.5 | 362 |
| U.A.E Dirham | AED | 77.4 | 78.1 |
| Saudi Riyal | SAR | 76 | 76.8 |
| Australian Dollar | AUD | 187.2 | 189 |
| Bahrain Dinar | BHD | 757.23 | 765.23 |
| Canadian Dollar | CAD | 209 | 211 |
| China Yuan | CNY | 39.89 | 40.29 |
| Danish Krone | DKK | 41.19 | 41.59 |
| Hong Kong Dollar | HKD | 36.41 | 36.76 |
| Indian Rupee | INR | 3.42 | 3.53 |
| Japanese Yen | JPY | 1.39 | 1.45 |
| Kuwaiti Dinar | KWD | 921.71 | 930.71 |
| Malaysian Ringgit | MYR | 61.02 | 61.62 |
| New Zealand Dollar | NZD | 174.54 | 176.54 |
| Norwegians Krone | NOK | 26.05 | 26.35 |
| Omani Riyal | OMR | 739.62 | 747.62 |
| Qatari Riyal | QAR | 78.22 | 78.92 |
| Singapore Dollar | SGD | 211 | 213 |
| Swedish Korona | SEK | 27.12 | 27.42 |
| Swiss Franc | CHF | 324.94 | 327.44 |
| Thai Bhat | THB | 8.06 | 8.21 |
Gold prices in Pakistan move down despite positive global cues; Check latest rates here
Gold price in Pakistan remained under pressure as the yellow metal moved down despite an upward trend in the international market.
Gold Rates in Pakistan Today - 7 December 2023
On Thursday, the price of a single tola of 24-karat gold stands at Rs217,100 and 10 grams of 24k gold costs Rs186,130.
Single tola of 22 Karat Gold costs Rs199,000, 21 karat rate for per tola is Rs189,960 and 18k gold rate is Rs162,825.00 for each tola.
In the global market, gold prices hover at around $2026, gaining $8.30 on Thursday.
Today Gold Rate in Pakistan
Today Gold Price in Pakistan (4 September 2023)
| City | Gold | Silver |
|---|---|---|
| Lahore | PKR 217,100 | PKR 2,565 |
| Karachi | PKR 217,100 | PKR 2,565 |
| Islamabad | PKR 217,100 | PKR 2,565 |
| Peshawar | PKR 217,100 | PKR 2,565 |
| Quetta | PKR 217,100 | PKR 2,565 |
| Sialkot | PKR 217,100 | PKR 2,565 |
| Attock | PKR 217,100 | PKR 2,565 |
| Gujranwala | PKR 217,100 | PKR 2,565 |
| Jehlum | PKR 217,100 | PKR 2,565 |
| Multan | PKR 217,100 | PKR 2,565 |
| Bahawalpur | PKR 217,100 | PKR 2,565 |
| Gujrat | PKR 217,100 | PKR 2,565 |
| Nawabshah | PKR 217,100 | PKR 2,565 |
| Chakwal | PKR 217,100 | PKR 2,565 |
| Hyderabad | PKR 217,100 | PKR 2,565 |
| Nowshehra | PKR 217,100 | PKR 2,565 |
| Sargodha | PKR 217,100 | PKR 2,565 |
| Faisalabad | PKR 217,100 | PKR 2,565 |
| Mirpur | PKR 217,100 | PKR 2,565 |
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