PSO declares annual loss of Rs6.46 billion

KARACHI: Pakistan State Oil Company Limited (PSO) on Tuesday declared Rs6.46 billion loss for the year ended June 30, 2020, according to financial results of the company submitted to Pakistan Stock Exchange... Read more »

Many fuel stations shut down after sudden demand, supply suspension rumors

KARACHI: Several fuel stations were shut down in the city on Wednesday evening due to sudden demand after rumors of fuel supply suspension following mysterious toxic gas leakage. Read more »

Oil sales show continuous decline for 8th consecutive quarter

KARACHI: The oil sales witnessed continued downward trend in first quarter of fiscal year 2019/2020 for 8th consecutive quarter and posted fall of 13 percent Year on Year (YoY). Read more »

OMCs sales sharply decline by 25pc in 10 months

KARACHI: The sales of Oil Marketing Companies (OMCs) massively declined by 25 percent during first ten months (July – April) of current fiscal year owing to slowdown in economic activities. Read more »

PSO declares 55 percent decline in net profit for nine-month period

KARACHI: The net profit of Pakistan State Oil (PSO) has declined substantially by 55 percent to Rs5.92 billion for the period July – March 2018/2019 as compared with Rs13.22 billion in the... Read more »

ECC may approve sovereign guarantee for Utility Stores Corporation

ISLAMABAD: The Economic Coordination Committee of the Cabinet (ECC) may grant formal approval for sovereign guarantee for Utility Stores Corporation (USC) in its meeting scheduled for April 17, 2019. Read more »

PSO receives Rs60 billion from power companies

KARACHI: Pakistan State Oil (PSO) has said it received Rs60 billion as partial settlement of receivable from power sector companies. Read more »

PSO declares 50 percent decline in net profit for first half

KARACHI: Pakistan State Oil (PSO) has declared 50 percent decline in net profit for half-year period ended on December 31, 2018, according to financial results submitted to Pakistan Stock Exchange (PSX) on... Read more »