Tag: Pso
Senate committee summons details of appointments in PSO
Special Committee of Senate analyzing illegitimate job inductions in ministries and public departments has summoned details of salaries, privileges, competence, progress of Pakistan State...
Oil refineries stop supply to cash-strapped PSO
Following Pakistan State Oil’s (PSO) failure to clear its liabilities of Rs 188 billion, national and international oil refineries have stopped supplying fuel to...
PSO receivables swell to Rs 215 billion
Pakistan State Oil (PSO) total receivables have been increased to 215 billion due to non-payments from the power sector, which may lead to an...
PSO is a bit of a snob
The state owned Pakistan State Oil (PSO) has intimated to the government that from now onwards it would be supplying furnace oil on credit...
PSO to buy 1.17m tonnes of oil products
Pakistan State Oil is set to buy 1.17 million tonnes of oil products for delivery over May to July, its largest purchase of...
PSO wins some, loses some
The Pakistan State Oil Company announced 9MFY12 the earning per share (EPS) of Rs 52.32, marking what the analysts said a minor decrease of...
PSO seeks 650,000 tonnes fuel oil for April-June
Pakistan State Oil (PSO) is seeking up to 650,000 tonnes of high-sulphur fuel oil (HSFO) for the second quarter, shying away from low-sulphur parcels...
PSO chief unveils company’s future plans
Naeem Yahya Mir, CEO Pakistan State Oil (PSO), unveiled his vision to a regional player in the next four years and one of the...
PSO receivables balloon to Rs195 billion
Adding to the financial woes of Pakistan State Oil (PSO) which also owes billions or rupees to refiners and other fuel suppliers, the receivables...
PSO tax earnings stand at Rs. 14.78b in 2011
Despite facing financial constraints country’s largest oil supplier Pakistan State Oil (PSO) remained unmatched after tax earnings of Rs 14.78 billion during the year...
Job Fair at LSE
The Lahore School of Economics (LSE) held its second job fair at its Burki Campus on February 9. Forty-seven companies participated in this event...
Let there be light…
But for how long?
The prophets of doom were predicting a highly gloomy picture of the power situation at the beginning of the year. It...
PSO in dire straits as receivables increase
Pakistan’s biggest petroleum handler, Pakistan State Oil (PSO) is on the verge of financial collapse since its outstanding dues from various ‘energy sector’ entities...
PSO receivables increase to Rs180b
Ordinary citizens will have to put up with hours long load shedding, if the government fails to pay outstanding dues to Pakistan State Oil...
NA body asks govt to release Rs80b immediately to keep PSO...
National Assembly Standing Committee asked government to take immediate measures to resolve issue of circular debt of the Pakistan State Oil (PSO) and help...
Supply of fuel in danger as Rs179bn circular debt cripples PSO
Longstanding circular debts, which have piled up to the “high point of” Rs179 billion, have made financial situation of Pakistan State Oil (PSO) “untenable”....
ALL PSO dues to be cleared by month end, minister tells...
Admitting that alternative resources to natural gas were being controlled by a cartel in the country, Federal Minister for Petroleum and Natural Resources Dr...
