EMIs and PSOs/PSPs: SBP gives approval to two entities KARACHI: The State Bank of Pakistan (SBP) has given in-principle approval to two entities namely M/s Toko Lab ... Published 06 Nov, 2024 05:50am
Print ECC approves circular debt management plan ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet on Monday approved circular debt management plan... Updated 05 Nov, 2024 09:29am
Business & Finance PSO witnesses decrease in supply cost ISLAMABAD: Pakistan State Oil (PSO) witnessed a decrease in the cost of supplying fuel; however, the government... Published 02 Nov, 2024 06:15am
BR Research PSO in 1QFY25 Significant headwinds from fuel prices and volume significantly impacted Pakistan State Oil’s (PSX: PSO) financial... Published 01 Nov, 2024 09:02am
Business & Finance PSO earns Rs15.9bn profit after tax in FY23-24 KARACHI: Pakistan State Oil (PSO), the nation’s leading energy company, successfully convened its 48th Annual... Published 25 Oct, 2024 06:28am
Business & Finance CBD Punjab secures Rs81m annual lease for petrol pump site LAHORE: The Punjab Central Business District Development Authority (PCBDDA), commonly known as Central Business... Updated 16 Oct, 2024 07:45am
Print Effective Oct 16: Substantial increase in fuel prices likely ISLAMABAD: Consumers may face a substantial increase in fuel prices, with estimates suggesting a potential rise of... Updated 13 Oct, 2024 09:28am
Markets Sale of petroleum products jumps 20% in September amid higher demand Sale of total petroleum products in Pakistan clocked in at 1.27 million tons in September, an increase of 20% on a... Updated 02 Oct, 2024 10:43pm
Print MPs for closure of refineries using Euro-2 standard ISLAMABAD: A parliamentary panel on Thursday called for the closure of oil refineries producing Euro-2 and below... Updated 27 Sep, 2024 09:12am
Print Exchange rate for calculating petroleum prices adjusted ISLAMABAD: The government adjusted the exchange rate used for calculating petroleum products prices with effect from... Updated 17 Sep, 2024 03:34pm
Business & Finance Jul-Aug oil sales decline 12pc to 2.4m tons YoY KARACHI: Pakistan’s Oil Marketing Companies (OMCs) sales decreased by 14 percent on year-on-year basis to 1.21... Published 04 Sep, 2024 06:38am
Markets Sale of petroleum products plunges 14% in August amid smuggling from Iran Sale of total petroleum products in Pakistan clocked in at 1.22 million tons in August, a decrease of 14%... Updated 03 Sep, 2024 09:43pm
BR Research PSO FY24: Robust earnings despite volume decline Marked by significant improvements in profitability, Pakistan State Oil Company Limited (PSX: PSO) posted a strong... Published 02 Sep, 2024 09:27am
Business & Finance PSO reports Rs15.9bn PAT in FY24 KARACHI: PSO, the nation’s largest energy company, showcased impressive financial performance and strategic ... Published 28 Aug, 2024 06:22am
Markets PSO’s profit doubles, clocks in at Rs19.6bn in FY24 Pakistan State Oil Company Limited’s (PSO) profit-after-tax (PAT) doubled, clocking in at Rs19.65 billion for the... Updated 27 Aug, 2024 05:54pm
Print Lift HSD or face consequences, Ogra warns PSO and others ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) on Thursday warned the Oil Marketing Companies (OMCs)... Updated 23 Aug, 2024 09:02am
Print Continuous supply of 150MMCFD RLNG to KE: SNGPL urges PPL to explore possibility ISLAMABAD: The Sui Northern Gas Pipeline Company (SNGPL) has warned that less retention of Re-gasified Liquefied... Updated 05 Aug, 2024 09:04am
Business & Finance July petroleum sales dip 11pc to 1.2m tons yoy KARACHI: The total sales of petroleum products in the country have declined by 11 percent on year-on-year basis to... Updated 03 Aug, 2024 08:58am
Business & Finance HSD and petrol: FD allows PSO to make exchange rate adjustment ISLAMABAD: The Finance Division has allowed Pakistan State Oil (PSO) Rs1.72 per litre exchange rate adjustment on... Published 02 Aug, 2024 05:55am
Print Refinery project: Sinopec, Aramco not satisfied with PSO data ISLAMABAD: M/s Sinopec, China’s Petroleum Refineries Company, and Saudi giant, M/s Aramco, are reportedly not... Updated 27 Jul, 2024 09:02am
BR Research Pakistan State Oil Pakistan State Oil (PSO) is the largest marketing company and has the largest market share in the OMC sector. It is... Published 24 Jul, 2024 07:44am
Editorials Gas sector problems EDITORIAL: As if the power sector’s chronic circular debt wasn’t bad enough – just one of the many completely... Published 21 Jul, 2024 03:29am
Print SNGPL seeks PD’s help to deal with surplus RLNG ISLAMABAD: The Sui Northern Gas Pipeline Limited (SNGPL) has sought intervention from Director General (Gas)... Updated 19 Jul, 2024 08:49am
Opinion Addressing gas sector circular debt: causes and solutions The gas sector in Pakistan, which was relatively stable until 2013, has since faced the substantial challenge of... Updated 12 Jul, 2024 08:32am
Pakistan Petrol pumps partially shut in KP PESHAWAR: Likewise other parts of the country, petroleum dealers on Friday observed a partial strike in Peshawar and... Published 06 Jul, 2024 06:48am
Pakistan Shortage of petrol likely at some places ISLAMABAD: People may face a shortage of petrol in some places in the country following a countrywide strike on July... Published 05 Jul, 2024 03:17am
Business & Finance ‘PSO Shaheen Program’ launched KARACHI: Pakistan State Oil (PSO), the nation’s leading Energy Company has announced the launch of the PSO Shaheen... Published 26 Jun, 2024 03:15am
Business & Finance PSO receivables hit Rs810bn mark KARACHI: The total receivables of Pakistan State Oil (PSO) have reached Rs 810 billion, however the management... Published 25 Jun, 2024 06:42am
Markets Equity swap only option to address circular debt issue, says PSO The management of Pakistan State Oil (PSO), the country’s largest oil-marketing company (OMC), believes equity swap... Updated 24 Jun, 2024 09:22pm
Print Rs9bn approved for clearing OMCs’ PDCs: ECC allows export of 0.15 MMTs of surplus sugar ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has allowed export of 0.15 million MTs of... Updated 14 Jun, 2024 08:20am
3 imported coal-based IPPs to Thar coal: PPIB seeks details of Chinese Ad hoc Working Group on conversion