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Tag: PSO

PSO proposes swapping debt for stake in public sector companies

PSO proposes swapping debt for stake in public sector companies

PSO’s subsidiary granted EMI licence by SBP

PSO’s subsidiary granted EMI licence by SBP

Pakistan seeks partnership with Sinopec in Aramco’s $10bn refinery project

Pakistan seeks partnership with Sinopec in Aramco’s $10bn refinery project

PSO grapples with escalating receivables, crossing Rs800bn mark

PSO grapples with escalating receivables, crossing Rs800bn mark

Weekly wrap: PSX breaches 66k barrier, PKR gains more ground amid positive economic outlook

Weekly wrap: PSX breaches 66k barrier, PKR gains more ground amid positive economic outlook

PSO grapples with record receivables of Rs755bn

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PSO grapples with record receivables of Rs755bn

Cash-strapped PSO’s receivables reach Rs509bn

Cash-strapped PSO’s receivables reach Rs509bn

ECC approves fortnightly reimbursement mechanism of PDC

ECC approves fortnightly reimbursement mechanism of PDC

PSO under hot water as PM takes notice of oil transport

PSO under hot water as PM takes notice of oil transport

LPG price increases Rs5 per kg

LPG price increases Rs5 per kg

Pakistan seeks five LNG cargoes

Pakistan seeks five LNG cargoes

LNG firm moves int'l court against PSO

LNG firm moves int'l court against PSO

Cabinet likely to approve nomination of additional secretaries as board directors of eight companies

Cabinet likely to approve nomination of additional secretaries as board directors of eight companies

PSO reports Rs6.5bn loss for FY20

PSO reports Rs6.5bn loss for FY20

PSO becomes first OMC to launch Euro-V fuel

PSO becomes first OMC to launch Euro-V fuel

Govt to set up 24 electric vehicle charging stations across country, says Omar Ayub

Govt to set up 24 electric vehicle charging stations across country, says Omar Ayub

PSO earnings fall 49pc in 9MFY20

PSO earnings fall 49pc in 9MFY20

PSO demands Rs100 billion as defaults looms

PSO demands Rs100 billion as defaults looms

Muhammad Taha assumes charge as PSO MD

Muhammad Taha assumes charge as PSO MD

PSO’s half-year profit surges by 51.4%

PSO’s half-year profit surges by 51.4%

PSO lands in trouble as default risk mounts

PSO lands in trouble as default risk mounts

Cabinet expected to approve appointment of new PSO MD

Cabinet expected to approve appointment of new PSO MD

After 15-month lapse, govt all set to appoint PSO managing director

After 15-month lapse, govt all set to appoint PSO managing director

Former PSO MD granted bail in LNG terminal case

Former PSO MD granted bail in LNG terminal case

Power Division seeks to end guaranteed annual LNG offtake

Power Division seeks to end guaranteed annual LNG offtake

SNGPL warns against selling of LNG power plants

SNGPL warns against selling of LNG power plants

PSO declares Rs10.6bn profit after tax

PSO declares Rs10.6bn profit after tax

Gas shortage could be imminent as some fields may shut down

Gas shortage could be imminent as some fields may shut down

Oil companies to ensure adequate storage facility before opening new outlets

Oil companies to ensure adequate storage facility before opening new outlets

Audit shows inconsistency of Rs307 billion in PSO

Audit shows inconsistency of Rs307 billion in PSO

PSO posts Rs5.9bn profit after tax in nine months FY19

PSO posts Rs5.9bn profit after tax in nine months FY19

Jahangir Ali Shah appointed as PSO's acting MD

Jahangir Ali Shah appointed as PSO's acting MD

Master Motor hands over OGRA compliant vehicles to PSO for POL transportation

Master Motor hands over OGRA compliant vehicles to PSO for POL transportation

Commercial banks refuse to lend Rs50 billion to PHPL for decreasing circular debt

Commercial banks refuse to lend Rs50 billion to PHPL for decreasing circular debt

Pakistan curbs fuel oil imports as power generation requirements ease

Pakistan curbs fuel oil imports as power generation requirements ease

PSO barely surviving backlog of Rs304b

PSO barely surviving backlog of Rs304b

Energy sector's circular debt soars to Rs500 bn, govt to pay off Rs100 bn

Energy sector's circular debt soars to Rs500 bn, govt to pay off Rs100 bn

PSO signs agreement with Port Qasim Authority to meet fuel requirements

PSO signs agreement with Port Qasim Authority to meet fuel requirements

PSO reports profit after tax of Rs13.2bn

PSO reports profit after tax of Rs13.2bn

Govt delays decision to implement increase in margins on LNG imports

Govt delays decision to implement increase in margins on LNG imports

PSO resumes fuel supply to PIA after disputes over non-payment

PSO resumes fuel supply to PIA after disputes over non-payment

Natural gas production witnesses decline under present govt

Natural gas production witnesses decline under present govt

Govt contemplating merger of Pakistan LNG Limited, Pakistan LNG Terminal Ltd

PSO, Power China in negotiations to setup a $8 billion refinery

PSO, Power China in negotiations to setup a $8 billion refinery

Govt to supply RLNG to revive 2,500MW power plants

Govt to supply RLNG to revive 2,500MW power plants

Finance ministry to contribute Rs53 billion to pay off circular debt

Finance ministry to contribute Rs53 billion to pay off circular debt

Govt looks towards long-term agreements for LNG supplies

Govt looks towards long-term agreements for LNG supplies

FBR meets PSO leadership, discuss tax compliance and revenue generation

FBR meets PSO leadership, discuss tax compliance and revenue generation

Rs7 billion investment expected from OMCs for establishment of storage infrastructure

Rs7 billion investment expected from OMCs for establishment of storage infrastructure

Oil sales down 18 per cent YoY in February 2018

Oil sales down 18 per cent YoY in February 2018

Joint audit study fails to evaluate quantum of losses in Qatar LNG deal

Joint audit study fails to evaluate quantum of losses in Qatar LNG deal

PSO donates funds to AKUH for treatment of child patients with CHD

PSO donates funds to AKUH for treatment of child patients with CHD

Refineries mull furnace oil exports, to restart production

Refineries mull furnace oil exports, to restart production

Oil refineries “frozen”, as government’s ill-planning causes headaches

Oil refineries “frozen”, as government’s ill-planning causes headaches

PSO launches modern fleet for safe transportation of petroleum products

PSO launches modern fleet for safe transportation of petroleum products

Pakistan’s LNG imports will keep rising, fuel demand to halve by 2020: Report

Pakistan’s LNG imports will keep rising, fuel demand to halve by 2020: Report

Government to lift furnace oil for power plants to ease “jet fuel crunch”

Government to lift furnace oil for power plants to ease “jet fuel crunch”

OCAC issues warning of “fuel crisis”

OCAC issues warning of “fuel crisis”

Jet fuel shortage looms, as PSO faces supply crunch

Jet fuel shortage looms, as PSO faces supply crunch

SC orders regularisation of 208 PSO contract employees

SC orders regularisation of 208 PSO contract employees

PSO suspends fuel supply to PIA in Karachi and Islamabad, later restored

PSO suspends fuel supply to PIA in Karachi and Islamabad, later restored

Refineries in crisis mode, as govt ponders ban on import of furnace oil

Refineries in crisis mode, as govt ponders ban on import of furnace oil

Second LNG terminal set to commence operations by November 24th

Second LNG terminal set to commence operations by November 24th

Failure to lift furnace oil could cost PSO millions of dollars

Failure to lift furnace oil could cost PSO millions of dollars

PSO’s Rs40bn cards division honoured with the PMI Award

PSO’s Rs40bn cards division honoured with the PMI Award

OCAC warns of legal action against Honda Pakistan

OCAC warns of legal action against Honda Pakistan

OCAC refutes Honda’s allegation, says fuel sold locally meets regulatory requirements

OCAC refutes Honda’s allegation, says fuel sold locally meets regulatory requirements

OGRA to investigate Honda’s complaint of sub-standard fuel

OGRA to investigate Honda’s complaint of sub-standard fuel

PSO receivables stand above Rs306bn

PSO receivables stand above Rs306bn

PSO announces 1st quarter results, reports 33.7 per cent growth

PSO announces 1st quarter results, reports 33.7 per cent growth

Fee payment row impedes start of operations at second LNG terminal

Fee payment row impedes start of operations at second LNG terminal

ICAP accords PSO number 1 rank in its list of top 100 companies

ICAP accords PSO number 1 rank in its list of top 100 companies

Rising demand of fuel led to 3pc sales increase in September

Rising demand of fuel led to 3pc sales increase in September

OGDCL, PSO to supply 30 million litre high speed diesel every year

OGDCL, PSO to supply 30 million litre high speed diesel every year

OCAC reassures public about non-shortage of petrol

OCAC reassures public about non-shortage of petrol

Petrol shortage feared as stocks fall to alarmingly low level

Petrol shortage feared as stocks fall to alarmingly low level

PSO quality assurance laboratories receive international recognition

PSO quality assurance laboratories receive international recognition

Prices for petroleum products may remain unchanged for September

Prices for petroleum products may remain unchanged for September

Pakistan may import POL, LNG from Maldives once IGA gets signed

Pakistan may import POL, LNG from Maldives once IGA gets signed

Govt pondering to lay oil pipeline in light of tanker strikes

Govt pondering to lay oil pipeline in light of tanker strikes

Retiring circular debt: Govt to obtain Rs55b loan from commercial banks

Retiring circular debt: Govt to obtain Rs55b loan from commercial banks

PSO pondering Rs40b investment to expand market share

PSO pondering Rs40b investment to expand market share

PSO reports 43.63pc increase in profits for FY 2016-17

PSO reports 43.63pc increase in profits for FY 2016-17

Ogra recommends price cut of Rs3.67 in price of petrol for August

Ogra recommends price cut of Rs3.67 in price of petrol for August

PSO makes payment for its short-term borrowings

PSO makes payment for its short-term borrowings

PSO borrowings from banks surge to Rs130.5b

PSO borrowings from banks surge to Rs130.5b

PSX gains 643.26 points as JIT files report with SC

PSX gains 643.26 points as JIT files report with SC

PSO suffers above Rs 38 billion during last nine years as finance cost of circular debt

PSO suffers above Rs 38 billion during last nine years as finance cost of circular debt

PSO seeks Rs 60 billion from the govt to clear the loan obtained for controlling the circular debt

PSO seeks Rs 60 billion from the govt to clear the loan obtained for controlling the circular debt

Rs7.5b released to CPPA for partial payment of circular debt

Rs7.5b released to CPPA for partial payment of circular debt