Karachi, February 2, 2026 — The National Bank of Pakistan (NBP) on Monday issued an offer letter to Hascol Petroleum Limited regarding the restructuring and rescheduling of its banking facilities and financial accommodations.
Hascol Petroleum confirmed the receipt of the letter, dated January 29, 2026, in a communication shared with the Pakistan Stock Exchange (PSX). The company stated that the Board of Directors will carefully review the terms and conditions of the proposed restructuring before making a decision on acceptance. Meanwhile, the company has disclosed this information to the PSX and the Securities and Exchange Commission of Pakistan (SECP).
The management of Hascol Petroleum described the NBP’s offer as a significant and strategic milestone in the company’s ongoing efforts to restructure and rationalize its financing arrangements. The development highlights the confidence of a major financial institution in the company’s turnaround plan and its future prospects.
With continued support from shareholders, Hascol Petroleum’s management and Board of Directors remain committed to strong governance, financial discipline, and effective leadership. The company aims to strengthen its financial position, improve operational efficiency, and create sustainable long-term value for stakeholders through this restructuring initiative.
This move underscores the company’s dedication to restoring financial stability and investor confidence while navigating the challenges of the energy sector.