Pakistan Petroleum Limited Revises April and May Futures Contracts Schedule

Karachi, Pakistan: Pakistan Petroleum Limited (PPL) has announced adjustments to its futures contracts for April and May 2024, reflecting its ongoing effort to adapt to market conditions and optimize its financial strategy. The revised schedule, as released by the Pakistan Stock Exchange, indicates that the April contract (PPL-APRB) will open on February 28, 2024, and close on April 29, 2024, with a settlement date of April 30, 2024. The May contract (PPL-MAYB) follows a similar pattern, opening on February 28, 2024, and closing on May 31, 2024, with settlement due on June 4, 2024. Additionally, PPL has a March contract (PPL-MARB) also opening on February 28, 2024, and closing on March 29, 2024, with the settlement on April 2, 2024. These changes are part of PPL’s strategic adjustments in response to evolving financial and regulatory landscapes.