Tuesday, November 29, 2022

PSO

PSO okay with discontinuing fuel supply agreement with Pakistan Railway

Pakistan Railways has recently revealed that it is mulling the suspension of its contract with Pakistan State Oil. Reacting to the story, PSO spokesperson responded that Pakistan State Oil has been fueling the national economy for the last 45...

PSO Launches Digitally Integrated Oil Terminal

The nation’s most progressive energy company, Pakistan State Oil (PSO), has once again taken the lead in digitizing its petroleum product supply chain. Special Assistant to Prime Minister for Power & Petroleum, Tabish Gauhar inaugurated Pakistan’s first digitally integrated oil...

PSO enters strategic partnership with PARCO, PAPCO

Pakistan State Oil (PSO) has signed multiple infrastructural MoUs of strategic importance with Pak Arab Refinery Limited (PARCO) and Pak Arab Pipeline Company (PAPCO) which aim to safeguard the country’s petroleum product supply chain and enable economical and environment...

PSO Reports Staggering Profits for 9MFY21

Pakistan State Oil (PSO) continues to outperform the energy market earning a net profit after tax of PKR 18.2 billion during the nine-month period for the financial year 2020-21 (9MFY21) despite the challenges posed by the pandemic which demonstrates...

PSO attains highest ever quarterly profit in 3QFY21

Pakistan State Oil Company Limited (PSO) announced its financial result for 3QFY21 whereby the company declared a profit after tax (PAT) of PKR 8.7bn (EPS: PKR 18.57) compared to a loss of PKR 3.4bn (LPS: PKR 7.30) in 3QFY20....

Pakistan government aims to buy all private fuel oil-fired power plants

The government of Pakistan is evaluating buying all of Pakistan’s private fuel oil-fired power plants, including Hub Power Co. (HUBCO), at a one-time cost that would help it save at least Rs300 billion on payments over the next seven...

MSCI Semi-Annual Index Review (SAIR) May’19

Pakistan’s equity market has recorded a decline of 9.84% or 4,015pts (USD based negative return of 11.9%) since the last MSCI quarterly review back in Feb’19. Negative performance of the local bourse is attributable to lack of direction on the...

Pakistan signs $ 551 million loan agreement with ITFC for Oil, LNG import

Dr. Abdul Hafeez Shaikh, Adviser to the Prime Minister on Finance, Revenue and Economic Affairs witnessed the signing of loan agreement amounting to US$ 551 million with the International Islamic Trade Finance Corporation (ITFC), a subsidiary of Islamic Development...

PSO earnings sharply declined by 64% YoY

Pakistan State Oil Company Limited (PSO) announced its financial result for 9MFY19 whereby the company declared a Profit After Tax (PAT) of PKR 5.93bn (EPS: PKR 15.15) compared to PKR 13.23bn (EPS: PKR 33.80) in 9MFY18, depicting a decline...

PSO expects drastic drop in earnings on low sales volume

Pakistan State Oil Limited (PSO) is scheduled to announce its 3QFY19 result on 19th Apr’19. During 9MFY19, analysts estimate the company to report a PAT of PKR 5.67bn (EPS: PKR 14.48), down by 57% YoY compared to PKR 13.2bn...
- Advertisement -spot_img

Latest News

Mehboob Shaikh organizes reception in the honor of Dr. Rahman

Senior journalist, author, and social worker, Mehboob Ali Shaikh held a reception in the honor of a known Psychologist...
- Advertisement -spot_img