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Tag: PSO

Pakistan State Oil

PSO Reports Rs 15.9 Billion Profit for FY24, Declares Dividend

October 25, 2024October 25, 2024Faisal Shahnawaz

Karachi, October 25, 2024 – Pakistan State Oil (PSO) has announced a profit after tax of Rs 15.9 billion for the fiscal year ending June 30, 2024, marking a significant achievement for the state-owned energy giant.

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Pakistan State Oil

PSO Registers Staggering 180% Jump in FY24 Profit

August 27, 2024August 27, 2024Shahnawaz Akhter

Karachi, August 27, 2024 – Pakistan State Oil (PSO) has reported an extraordinary 180% increase in net profit for the fiscal year 2023-24, marking a significant achievement for the country’s leading oil marketing company.

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Pakistan State Oil

Pakistan State Oil Reports 30% Profit Surge Over Nine Months

April 26, 2024April 26, 2024Shahnawaz Akhter

Pakistan State Oil (PSO), the nation’s leading fuel supplier, has reported a robust 30 percent year-on-year increase in after-tax profits for the first nine months of the fiscal year 2023-24, signaling strong financial health amidst challenging economic conditions.

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Pakistan State Oil

Circular Debt and High-Interest Rates Pose Challenges for PSO

February 28, 2024February 28, 2024Shahnawaz Akhter

Karachi, February 28, 2024 – Pakistan State Oil (PSO) is grappling with formidable challenges as circular debt and soaring interest rates have substantially increased financial costs, according to a report unveiled on Wednesday.

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Pakistan State Oil

PSO Clarifies Greenfield Refinery Project Amidst Reports

February 26, 2024February 26, 2024Shahnawaz Akhter

Karachi, February 26, 2024 – Pakistan State Oil (PSO) addressed recent reports concerning the establishment of the Greenfield Refinery Project on Monday, seeking to provide clarity on the situation.

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Pakistan State Oil

PSO Announces Rs 7.75 Billion Profit for 1HFY24

February 15, 2024February 16, 2024Faisal Shahnawaz

Karachi, February 15, 2024 – Pakistan State Oil (PSO) has announced a net profit of Rs 7.7 billion in first half of fiscal year 2023-24, showcasing resilience in the face of economic challenges.

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Pakistan State Oil

Pakistan State Oil Records a Drastic 93% Drop in Annual Net Profit

August 23, 2023August 23, 2023Shahnawaz Akhter

Karachi, August 23, 2023 – Pakistan State Oil (PSO) has reported a staggering 93 percent decline in its profit after tax for the fiscal year ending on June 30, 2023.

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Pakistan State Oil

PSO Joins Forces with PPL and OGDCL for Revolutionary Greenfield Refinery Project

July 27, 2023July 27, 2023Faisal Shahnawaz

Karachi, July 27, 2023 – In a significant move aimed at enhancing Pakistan’s energy infrastructure, Pakistan State Oil (PSO) inked Memorandums of Understanding (MoUs) with two leading exploration companies on July 27, 2023, to collaborate on the establishment of a Greenfield Refinery Project.

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Pakistan State Oil

PSO registers 58% decline in earnings for 3QFY23 amid higher finance costs

April 27, 2023April 27, 2023Faisal Shahnawaz

Pakistan State Oil (PSO), the largest oil marketing company in Pakistan, has reported a significant decline in earnings for its 3QFY23.

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Pakistan State Oil

Pakistan State Oil’s profit surges by 224% to Rs95.72 bn

August 26, 2022August 26, 2022Faisal Shahnawaz

Pakistan State Oil Company Limited (PSO) on Friday declared massive growth in net annual profit of 224 per cent to Rs95.72 billion for the year ended June 30, 2022. The state oil company announced profit after tax at Rs95.72 billion for the year ended June 30, 2022 as compared with Rs29.55 billion in the preceding […]

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  • Pakistan abolishes 18% sales tax on shipping industry
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