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
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
Pakistan long-term partner, but policy is to deny support to its long-range ballistic missile programme: US