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Premier directs immediate release of Rs11b to Pakistan State Oil (PSO),...

ISLAMABAD:  Prime Minister Mir Hazar Khan Khoso directed the finance ministry on Thursday to immediately release Rs11 billion to Pakistan State Oil (PSO), so that it can import fuel for power...

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April-July: PSO seeks 700,000 tonnes of fuel oil tender document showed...

Pakistan State Oil is seeking 700,000 tonnes of fuel oil for delivery over April to July, a tender document showed on Friday, about 15 percent less than the volumes it had sought for over February to...

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Oil shortage: Khoso warned of blackout, widespread protests Ministry of...

ISLAMABAD: The Ministry of Petroleum and Natural Resources has told Caretaker Prime Minister Mir Hazar Khan Khoso that a shortage of petroleum products may force a blackout in the country and spark...

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Circular debt woes: Alarm bells ring in PSO as international bank questions...

ISLAMABAD:  Prime Minister Mir Hazar Khan Khoso has been informed that Pakistan State Oil (PSO)’s creditworthiness has been questioned in the global financial market, and that at least one leading...

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Market watch: Engro Corporation spoils the mood across the board

KARACHI: The Karachi bourse opened the week with a volatile session, where the index made an intraday low of 18,526 points. Engro Corporation ruined the mood over its persistent gas supply problems for...

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Corporate results: Pakistan State Oil PSO posts modest growth in earnings...

KARACHI:  Pakistan State Oil (PSO), the nation’s only trillion-rupee company, announced its earnings results for the first nine months of fiscal 2013 on Tuesday. The company has booked profits worth...

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Government releases Rs 10 billion to PSO enable the company to clear...

The government has released Rs 10 billion to Pakistan State Oil (PSO) to enable the company to clear international letter of credits (LCs) payment, it is learnt. Sources in the Petroleum Ministry told...

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Mergers and acquisitions: PSO and Shell International Petroleum Company to...

ISLAMABAD:  Pakistan State Oil (PSO) plans to acquire Chevron Pakistan’s shareholding in Pakistan Refinery Limited (PRL) using its first right, according to reports. Chevron had recently announced that...

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PSO launches fuel smart cards Striving to provide ever greater value to its...

Striving to provide ever greater value to its customers, Pakistan State Oil (PSO) has reached yet another technological milestone by introducing chip-based smart cards. These fuel cards are the first...

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Market watch: Energy, power stocks fall amid pessimism

KARACHI: Friday’s pessimism rolled over into the new week, with the Monday trading session recording heavy selling pressure as offloading of shares by foreign investors in the previous session took a...

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