Tag Archives: Pso

Financial problems mount pressure on PSO

The public sector oil marketing company – Pakistan State Oil (PSO) – is grappling with financial problems with whopping receivables of over Rs 126 billion from various entities, necessitating solid steps by

PSO declared defaulter by world market

Pakistan State Oil has been declared defaulter by the world market due to delay in payments under the LC head. World market imposes heavy fines on Pakistan State Oil, threaten to suspend

PSO receives Rs 10.5b for furnace oil

Ministry of Finance has released Rs 10.5 billion to Pakistan State Oil (PSO), a private TV channel reported. Reports said that the PSO has now increased the furnace oil supply from 8,000

PSO-PNSC partnership to help save $ 25m annually

Pakistan State Oil (PSO) has recently signed a Contract of Affreightment (CoA) with the Pakistan National Corporation (PNSC) to transport furnace oil from foreign ports to Pakistan’s shores. “Already this CoA is

PSO goes global

Committee on Petroleum and Natural Resources headed by Senator Mohammad Yousaf visited PSO House Tuesday to review the performance and receive a briefing on the operational activities of the national energy giant.

NA body recommends removal of MD PSO

A parliamentary panel on Thursday recommended removal of Pakistan State Oil (PSO) Management Director (MD) Naeem Yahya Mir for his dual nationality and ineligibility for the post. Convener Jamshed Dasti said expressed