Silkbank, PSO sign agreement KARACHI: Silkbank with a leading stake in the credit card market has entered into an agreement with PSO to ... Published 12 Sep, 2022 06:01am
Opinion Deregulating versus regulating oil prices Energy plays a pivotal role in any nation’s economic development and there are many different sources of it,... Published 04 Sep, 2022 05:44am
Markets Aug oil sales up 6pc MoM due to low base effect KARACHI: Pakistan oil sales in August 2022 witnessed increase of 6 percent on Month-on-Month (MoM) basis at 1.5... Updated 03 Sep, 2022 12:38pm
BR Research PSO – earnings pouring The oil marketing companies have seen robust sales of petroleum products in most ofFY22.Higher volumes as well as... Published 30 Aug, 2022 08:39am
Print PSO scraps HSFO delivery tenders ISLAMABAD: Pakistan State Oil (PSO) has scrapped tenders for delivery of High Sulphur Furnace Oil (HSFO) cargoes for... Updated 29 Aug, 2022 09:49am
Business & Finance FY22: PSO’s profit skyrockets to Rs95.7bn, up 223% driven by strong sales Earnings per share clock in at Rs194.35 compared to EPS of Rs62.63 in FY21 Net sales during FY22 clock in at mammoth Rs2.54 trillion Published 26 Aug, 2022 04:57pm
Opinion Deregulating the oil sector — II The two biggest risks are demand-supply manipulation, creating shortages and manipulate prices. Shortages can be... Published 24 Aug, 2022 05:08am
Pakistan Parliamentary body threatens to issue summons to minister, secretary ISLAMABAD: A parliamentary committee expressed displeasure over the continued absence of the minister of state and... Published 24 Aug, 2022 05:08am
Opinion Petroleum price conundrum A visibly agitated Finance Minister Miftah Ismail gave one press conference, addressed the All Parties Economic... Published 22 Aug, 2022 06:33am
Business & Finance Rs105bn domestic limit not to be exceeded: ECC directs FD to divert other guarantees to PSO ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet has directed the Finance Division to divert ... Published 14 Aug, 2022 05:46am
Print Rs50bn loan from consortium of banks: ECC decides to issue letter of comfort to PSO Financing sought on urgent basis to fulfil international, domestic payment obligations Updated 12 Aug, 2022 09:09am
Print Import of petroleum products: PSO receives Rs62bn for confirmation of LCs Issue pertaining to confirmation of LCs by local, international banks was resolved few weeks ago Updated 12 Aug, 2022 10:47am
Editorials POL price challenge EDITORIAL: The government is said to be mulling changing the pricing mechanism for petroleum products. The immediate... Published 11 Aug, 2022 04:35am
Markets Onward payment to PSO, PPL: DG (Gas) writes to PD for payment of TDS to KE Since May 2022, KE began defaulting timely payments to SSGC against weekly RLNG bills Updated 09 Aug, 2022 03:58pm
Business & Finance OGDCL, PPL, PSO earned net profit of Rs173bn in FY20-21, Senate told ISLAMABAD: Three public sector petroleum companies—Oil and Gas Development Company Limited (OGDCL), Pakistan... Published 06 Aug, 2022 04:02am
Opinion Power sector: accountability Briefing the National Assembly Standing Committee on Power on the performance of power sector, its financial... Published 06 Aug, 2022 04:02am
Print Rs30bn additional taxes to be finalised soon: FBR ISLAMABAD: The Federal Board of Revenue (FBR) Chairman Thursday said additional taxes to the tune of Rs30 billion... Updated 05 Aug, 2022 11:40am
Markets UAE's Coral Energy becomes Pakistan's top fuel oil supplier SINGAPORE: Dubai-based trader Coral Energy has become the top fuel oil supplier to Pakistan in recent months after... Updated 03 Aug, 2022 07:49pm
Print Light diesel, kerosene: pricing likely to be deregulated ISLAMABAD: The Federal Government has decided to deregulate pricing of light diesel oil and kerosene oil in... Updated 02 Aug, 2022 10:18am
Print Rs20bn supplementary grant for PSO approved by ECC ISLAMABAD: An urgently convened meeting of the Economic Coordination Committee (ECC) of the Cabinet has approved Rs... Updated 01 Aug, 2022 09:48am
Markets VLSFO spread narrows 7pc in July SINGAPORE: The HiLo fuel oil spread, which is the price difference between front-month 0.5% very low sulphur fuel ... Published 31 Jul, 2022 05:39am
Opinion LNG procurement: global challenges During the COP26 conference last November in Glasgow, LNG was identified as the transition fuel for migrating to the... Published 20 Jul, 2022 05:48am
Print Petroleum dealers say will observe strike tomorrow PESHAWAR/ISLAMABAD: Pakistan Petroleum Dealers Association (PPDA) has expressed resolve to go on an indefinite ... Updated 17 Jul, 2022 09:39am
Pakistan LNG case: Prosecution witness testifies before AC ISLAMABAD: A prosecution witness, on Tuesday, testified before the Accountability Court in the Liquefied Natural Gas... Updated 29 Aug, 2023 01:04am
Markets Total POL sales decline by 11pc on MoM basis KARACHI: Total petroleum products sales in the country declined by 11 percent on month-on-month basis to 1.9 million... Published 05 Jul, 2022 05:19am
Print PSO lodges ‘complaint’ against power plants ISLAMABAD: Pakistan State Oil (PSO) has informed Petroleum Division that power plants are neither uplifting booked... Updated 04 Jul, 2022 09:36am
Business & Finance Musadik given overview of PSO’s performance KARACHI: Minister of State (Petroleum Division), Ministry of Energy, Musadik Malik visited PSO’s Head Office ... Published 28 Jun, 2022 07:13am
Print Govt fuel oil imports hit 4-yr high as it struggles to buy LNG SINGAPORE: Pakistan’s monthly fuel oil imports are set to hit a four-year high in June, Refinitiv data showed, as... Published 28 Jun, 2022 06:10am
Print Gas tariffs now under govt focus Finance Minister Dr Miftah Ismail directs Petroleum Division to come up with proposals for revision in gas tariffs Updated 20 Jun, 2022 09:59am
Budget 2022-23 OMCs: Zero PDCs budgeted for 2022-23 ISLAMABAD: The federal government has budgeted zero Price Differential Claims (PDCs) for next financial year 2022-23... Published 11 Jun, 2022 06:39am
Attachment of bank accounts of taxpayers: FBR orders sales tax/FED recovery only after approval by field committees