PSO

Robust other income protects profit from steep fall

Company has failed to recover its dues from govt and private institutions

Oil marketing firm says HSD unloading facilities are limited at upcountry depots

Railways offers 26% lower fares compared to oil supply via pipeline and road

Transmission, distribution losses increase to 11.12%

Decline comes on back of surge in finance cost

Who are accused in the Rs23 billion corruption reference in PSO

Hearing adjourned till November 8, 2018

Fuelled by PSO, the courageous Guliafshan Tariq embarks on an adventurous journey across the plains of Punjab

Earnings are higher than expectations amid Rs2b in inventory gains

PSO blames it on congestion at two seaports of the country

Appointment comes after expiry of MD Imranul Haq’s contract

State-run company facing financial trouble due to high receivables

Board recommends cash dividend of Rs5 per share, 20% bonus shares

Scam causes Rs65.687 billion loss to national exchequer

Company’s tanks are filled to the brim with no more storage capacity

CJP also ponders on status of investigation into LNG contract awards

Govt told to justify taxes imposed on sale and import of oil

Says people are being tricked into paying high oil prices

The hiring process was again initiated by the Ministry of Petroleum and Natural Resources via a letter

With curbs on furnace oil imports, PSO does not see need to keep agreement in place

Faw’s commercial truck JFP-360 becomes an instant hit in Pakistan due to its attractive safety and commercial...

Increase mainly due to higher sales and income from other than core business

Directs PSO to start purchasing fuel oil for supply to power plants

Closure of several oil-fired power plants takes toll on volume

Other income plunged to Rs756 million compared with Rs4.40 billion in the previous year

They are seeking collection of Rs482m worth of regulatory duty from consumers

Step apparently taken to avoid court case filed for service regularisation

Also recommends up to 24% increase in diesel rates to be implemented from Jan 1

No sustainable solution in sight as receivables soar past Rs300b

Power producers have to pay PSO Rs195.5b for fuel supplies

Apex court orders company to pay salaries, other incentives according to service rules

Eight plants had earlier been shut down on prime minister’s orders

Govt has imposed ban on use of expensive furnace oil in power plants

Babar Chaudhry from PSO CSR Trust signed memorandum of understanding with LRBT Chairman Najmus Saquib Hameed

Says such gasoline damages vehicle engines; OGRA to start probe

Its team will arrive next week to hold talks with Pakistan LNG Terminals

Also approves filing two references against PDA director, officers of PSO, customs department

Increase in sales, higher other income lead to the surge

PSO asked to divert its LNG cargo to the new terminal for kicking off work there

Tanker owners threaten to go on strike from Oct 23

Regulator argued deregulation would provide extra money to highly profitable oil industry

Agreement reached for annual supply of 25 to 30 million litres of high speed diesel

State minister defends PSO chief, saying staff pay in utility firms is attractive

Argue it has become uneconomical to produce jet fuel at current price

OMC sales grow 10% to 2.48m tons in the month

Project will ensure smooth flow of oil across the country and curb theft

Company declares Rs15 per share cash dividend, stock price hits upper limit

Company is compelled to take loans as clients delay payments for fuel supply

He was PSO MD at the time of oil shortage in early 2015