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
Business & Finance May Petroleum products sales up 7pc to 1.39 MT YoY KARACHI: The sales of petroleum products in the country increased by 07 percent on year-on-year and 26 percent on... Published 05 Jun, 2024 06:37am
Print PRL, ED Investment may establish a joint group ISLAMABAD: Pakistan Refinery Limited (PRL) and Saudi Arabia’s ED Investment Group are likely to establish a joint... Updated 05 Jun, 2024 09:33am
Print Sinopec not interested in refinery project ISLAMABAD: The government’s plan to set up an oil or petrochemical refinery with China’s cooperation is almost a... Updated 04 Jun, 2024 11:26am
Opinion ‘Strategic’ SOEs bereft of strategic merits “There is no such thing as a strategic SOE.” This statement by Finance Minister Aurangzeb is spot on. However,... Published 03 Jun, 2024 06:30am
Print Rs84bn payments to PSO: SNGPL sends SOS to PD ISLAMABAD: Sui Northern Gas Pipelines Limited (SNGPL) has sent an SOS to Petroleum Division for intervention for... Updated 22 May, 2024 08:51am
Editorials Strategic asset tutorial EDITORIAL: Recently at an FPCC&I (Federation of Pakistan Chambers of Commerce and Industry) pre-budget seminar... Published 18 May, 2024 05:45am
Print Exchange rate adjustment: Ogra endorses PSO’s claim ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) has endorsed Pakistan State Oil’s claim for an exchange rate... Updated 17 May, 2024 09:11am
Markets Reclassification: MSCI adds NBP to Frontier Market Index In a positive development, Morgan Stanley Capital International (MSCI) Inc., in its results of the May 2024 index... Updated 15 May, 2024 04:48pm
Pakistan PSO proposes swapping debt for stake in public sector companies Everything will be done through competitive bidding and we will participate and if we win, the stakes will be offset against PSO’s receivables, says CEO Syed Muhammad Taha Updated 09 May, 2024 10:28pm
Markets Rupee records marginal decline against US dollar Currency settles at 278.2 against the greenback in inter-bank market Updated 09 May, 2024 09:29pm
Markets Sales of petroleum products fall by 6% in April Sale of total petroleum products in Pakistan clocked in at 1.1 million tons in April, a decline of 6% year-on-year... Updated 03 May, 2024 10:49pm
Markets For fortnight from May 1: Exchange rate adjustment on petrol, diesel allowed ISLAMABAD: The federal government allowed per litre exchange rate adjustment of Rs1.14 per litre on petrol and 17... Published 03 May, 2024 06:29am
BR Research PSO - 9MFY24 Pakistan State Oil Company Limited (PSX: PSO) posted a weaker quarterly financial performance, but growth for an... Published 30 Apr, 2024 08:53am
Business & Finance 9MFY24: PSO posts Rs13.4bn profit KARACHI: Pakistan State Oil (PSO), the leading energy company, maintained its industry dominance and demonstrated... Published 27 Apr, 2024 05:03am
Markets PSO’s profit plunges over 70% in 3QFY24, amounts to Rs3.74bn Despite higher sales, Pakistan State Oil Company Limited’s (PSO) profit-after-tax (PAT) plunged over 70%, clocking... Published 26 Apr, 2024 02:44pm
Markets PSO & Railways inaugurate fuel management system KARACHI: Marking a momentous occasion in the nation’s transportation infrastructure, the country’s leading ... Published 20 Apr, 2024 04:18am
Business & Finance PSO allowed per litre exchange rate adjustment ISLAMABAD: The federal government has allowed Pakistan State Oil (PSO) per litre exchange rate adjustment of Rs1.34... Published 17 Apr, 2024 05:28am
Business & Finance Petrol price hiked by Rs4.53, diesel’s by Rs8.14 ISLAMABAD: Federal government on Monday announced a massive raise in the price of high speed diesel (HSD) by Rs 8.14... Published 16 Apr, 2024 03:38am
Business & Finance OMCs raise price of HOBC by Rs10 per litre from April 1 ISLAMABAD: The Oil Marketing Companies (OMCs) have raised the price of Hi-Octane Blending Component (HOBC) by Rs10... Updated 06 Apr, 2024 08:47am
Business & Finance Incorporating exchange rate: Govt approves price adjustment for PSO ISLAMABAD: The federal government has approved adjustments in petroleum prices, allowing Pakistan State Oil (PSO) to... Published 03 Apr, 2024 05:29am
Markets Sale of petroleum products inches up 4%, signals some stability Sale of total petroleum products in Pakistan clocked in at 1.15 million tons in March, an increase of 4%... Updated 02 Apr, 2024 11:48pm
Print SNGPL urges PD to help ensure clearance of dues ISLAMABAD: The Sui Northern Gas Pipelines Limited (SNGPL) has sent an SOS call to the Petroleum Division for... Updated 02 Apr, 2024 09:44am
Print PRL explains what has made its business model ‘unsustainable’ ISLAMABAD: The top management of Pakistan Refinery Limited (PRL) has cautioned the Pakistan State Oil (PSO) that... Updated 01 Apr, 2024 08:44am
Print PD revises price forecast for spot LNG ISLAMABAD: The Ministry of Energy (Petroleum Division) has revised price forecast for spot LNG with Sui gas... Updated 25 Mar, 2024 09:43am
Print PSO says LNG business ‘bleeding’ its resources ISLAMABAD: Pakistan State Oil (PSO) has claimed that LNG (Liquefied Natural Gas) business is bleeding its financial... Updated 19 Mar, 2024 09:20am
Print Fuel supply on exclusive basis to 3 IPPs: CCP rejects PSO’s exemption extension request ISLAMABAD: The Competition Commission of Pakistan (CCP) has rejected an application of Pakistan State Oil (PSO)... Updated 09 Mar, 2024 01:26pm
Business & Finance Recovery from PIA: PSO receiveables soar to Rs 21.7bn ISLAMABAD: The Pakistan State Oil (PSO) has proposed the imposition of a levy of upto Rs4 per litre on Jet-A1 to... Updated 07 Mar, 2024 09:50am
Pakistan Mayor inaugurates PSO ECO Street project KARACHI: The Mayor Karachi, Barrister Murtaza Wahab and MD/CEO, PSO, Syed Muhammad Taha inaugurated the company’s... Published 06 Mar, 2024 04:18am
Print PSO to write letter to govt to help the entity avert default ISLAMABAD: Chairman Board of Management (BoM) of Pakistan State Oil (PSO), Asif Baig Mohamed will write a SOS (Save... Updated 05 Mar, 2024 08:49am