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Tag: PSO

Pakistan State Oil

PSO declares over 100% net profit surge in 1HFY26

February 17, 2026February 17, 2026Faisal Shahnawaz

Karachi, February 17, 2026 — Pakistan State Oil (PSO) on Tuesday announced a remarkable financial performance for the first half of the ongoing fiscal year, posting more than 100% growth in net profit for the period July–December 2025 (1HFY26).

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Pakistan State Oil

PSO Reports 136% Profit Jump in Q1 FY26 Results

October 28, 2025October 28, 2025Faisal Shahnawaz

Karachi, October 28, 2025 – Pakistan State Oil Company Limited (PSO) has reported an impressive 136% year-on-year (YoY) surge in profit after tax (PAT) for the first quarter of FY26, reflecting the company’s strong operational performance and improved margins.

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Pakistan State Oil

PSO Reveals Income Tax Contingencies Up to June 2025

October 2, 2025October 2, 2025Shahnawaz Akhter

Karachi, October 2, 2025 – Pakistan State Oil (PSO), the country’s largest energy supplier, has disclosed a series of income tax contingencies in its financial statements up to June 2025, highlighting long-standing disputes with the Federal Board of Revenue (FBR).

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Pakistan State Oil

PSO reports strong FY25 results, expands market leadership

August 19, 2025August 19, 2025Faisal Shahnawaz

Karachi, August 19, 2025 – Pakistan State Oil (PSO), the country’s largest energy enterprise and trusted fuel supplier, showcased resilience and adaptability in FY25, achieving steady financial results despite challenging market conditions.

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Pakistan State Oil

PSO reveals alarming scale of petroleum smuggling

June 13, 2025June 13, 2025Shahnawaz Akhter

KARACHI, June 13, 2025 — Pakistan State Oil (PSO) has raised serious concerns over the large-scale smuggling of petroleum products into the country, estimating the volume at a staggering 1,500 to 6,000 tons per day.

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Pakistan State Oil

PSO reports Rs10.67 billion profit in nine months of FY25

April 29, 2025April 29, 2025Faisal Shahnawaz

KARACHI, April 29, 2025 — Pakistan State Oil (PSO), the nation’s largest oil marketing company, recorded a consolidated net profit of Rs10.67 billion during the nine months ending March 31, 2025 (9MFY25), reflecting a steep 42% drop from Rs18.51 billion reported in the same period last fiscal year, according to its latest unaudited financial statements.

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Pakistan State Oil

Pakistan, Azerbaijan Sign MOU for Joint Oil Trading Company

February 24, 2025February 24, 2025Shahnawaz Akhter

Karachi, February 24, 2025 – Pakistan and Azerbaijan have strengthened their energy sector collaboration by signing a Memorandum of Understanding (MOU) on Monday for the establishment of a joint oil trading company.

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Pakistan State Oil

PSO Partners with HUBCO to Develop EV Charging Infrastructure

February 17, 2025February 17, 2025Faisal Shahnawaz

Karachi, February 17, 2025 – Pakistan State Oil (PSO) has announced a significant partnership with HUBCO Green (Private) Limited to establish and promote electric vehicle (EV) charging infrastructure across Pakistan.

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Pakistan State Oil

PSO Registers 44% Profit Growth for Half-Year of FY25

February 13, 2025February 13, 2025Shahnawaz Akhter

Karachi, February 13, 2025 – Pakistan State Oil (PSO) has announced an impressive profit growth of over 44% for the half-year period spanning from July to December of the fiscal year 2024-25.

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Pakistan State Oil

PSO Discloses Billions in Tax Contingencies Amid Ongoing Appeals

October 31, 2024October 31, 2024Shahnawaz Akhter

Karachi, October 31, 2024 – Pakistan State Oil (PSO) has revealed substantial tax contingencies totaling billions of rupees as of September 30, 2024, according to its latest financial report.

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