Tag: Pso

PSO expects to earn profit after tax of Rs1,716 million

Pakistan State Oil Company Limited (PSO) is due to release its 1QFY12 financial results on 31st October 2011, in which the company is expected...

PSO cancels supply to Pakistan Railways

No end appears in sight to the Pakistan Railway (PR) crises after Pakistan State Oil (PSO) cancelled diesel supply to PR again on...

PSO in dire straits: severe fuel crisis anticipated

Pakistan State Oil Company (PSO) has started facing acute financial problems as its receivables have reached Rs137.65 billion as of September 12. A serious...

PSO in dire straits on maturing LCs of Rs64b in Sept

The financial conditions of the Pakistan State Oil (PSO) are in dire straits as the company has to make a huge payment of Rs64...

PSO seeks Rs17 billion immediately to avoid default

The cash strapped public sector entity Pakistan State Oil (PSO) has sent a SOS to the government seeking immediate release of Rs 17 billion...

PM orders Rs 25b for PSO, IPPs to cut down...

Prime Minister Yousaf Raza Gilani on Friday directed the ministries of Finance as well as Water and Power to pay Rs 25 billion to...

PSO announces record results for FY10-11

Pakistan State Oil posted record results for the financial year 2011 and announced an after tax earnings of Rs14.7 billion as compared to earnings...

KESC continues its non-compliance to clear PSO dues

Pakistan State Oil (PSO) the largest public sector company in the energy industry is currently suffering a severe liquidity crisis owing to the delaying...

PSO threatens to halt fuel supplies to Railways

The problems being faced by the cash-strapped Pakistan Railways (PR) have exacerbated as the Pakistan State Oil has threatened to halt diesel supply to...

PSO seeks Rs70b payment from PEPCO

Pakistan State Oil (PSO) is seeking immediate payment of Rs70 billion dues from Pakistan Electric Power Company (PEPCO) to make payment of Rs108.2 billion...

Pizza Hut and PSO deepen strategic partnership

Pizza Hut Pakistan and Pakistan State Oil have deepened their strategic partnership by signing an MoU that gives Pizza Hut Pakistan visibility at over...

PSO mired in debt

The inter corporate circular debt still remains a major source of concern for the government, as total receivables of the Pakistan State Oil (PSO)...

Circular debt haunts PSO

Inter-corporate debt remains a burning concern for Pakistan State Oil (PSO) besides other public sector entities, necessitating solid steps by the government to resolve...

PSO intensifies CSR donations

Pakistan State Oil (PSO) intensified its CSR drive by pledging support through donations to stakeholders across the platforms of healthcare, education and community...

PSO warns KESC of exceeding supply limit

Pakistan State Oil (PSO) on Saturday has warned Karachi Electric Supply Company (KESC) of exceeding its agreed limit for the monthly oil supply. According to...

PSO enters critical stage

The next couple of months will be crucial for Pakistan State Oil (PSO) as the government has declared its intent to ease the circular...

In trying times, PSO posts strong performance

In the face of financial woes, the public sector entity Pakistan State Oil (PSO) has registered an increase in sales revenues of Rs 663...