PSO
PSO Profit Falls Nearly 28% Despite Higher Gross Earnings
Pakistan State Oil (PSO) reported a decline in profit after tax for FY2026 despite higher gross earnings, as rising costs, weaker LNG operations and growing…
Gas Bills to Spike After OGRA Hikes RLNG Rates by One-Third
OGRA raised RLNG prices by more than one-third for July 2026, driven by a sharp drop in the number of LNG cargoes imported during the…
Govt Stops Private Companies From Importing Diesel
The federal government has barred private oil marketing companies from importing high-speed diesel, allowing only Pakistan State Oil (PSO) to handle diesel procurement under a…
Former Shell Executive Jawwad Ahmed Cheema Appointed as New CEO of PSO
Pakistan State Oil Company Limited (PSO) has appointed Mr. Jawwad Ahmed Cheema as its new Chief Executive Officer (CEO). The company formally notified the Pakistan…
Pakistan State Oil Appoints Abdus Sami as Interim CEO
Pakistan State Oil Company Limited (PSO) has appointed Abdus Sami as its interim Chief Executive Officer, effective March 31, 2026. In a notice submitted to the Pakistan Stock…
Senate Sub-Committee Reviews Legal Framework for Petroleum Boards; Seeks Briefing on PSO, PPL, and PARCO
The Sub-Committee of the Senate Standing Committee on Petroleum, chaired by Senator Manzoor Ahmed Kakar, convened at Parliament House to review the legal and regulatory…
PSO Profit Climbs to Rs12.1bn in 1HFY26 on Strong Fuel Sales
Pakistan State Oil (PSO) reported a profit after tax of Rs12.1 billion for the half year ended December 31, 2025, up from Rs11.2 billion in…
PIA Sale Leaves PSO With Rs. 30 Billion Unpaid Dues
Pakistan State Oil (PSO) remains exposed to over Rs. 30 billion in unpaid receivables from Pakistan International Airlines (PIA), despite the national carrier’s recent sale…
PSO Profit Soars 136% to Rs. 9.39 Billion in Q1 Fiscal Year 2026
Pakistan State Oil Company Limited (PSO) has announced impressive financial results for the first quarter of Fiscal Year 2026, posting a profit after tax of…
Unexpectedly, PSO Leans Heavily on Fintech: The Full Story of Payvay, Partnerships & Risks
Pakistan State Oil (PSO), the country’s largest oil marketing company, is undergoing one of the boldest strategic pivots in its history. After quietly dissolving its…
Senate Committee Reviews and Defers Decision on Pakistan Telecommunication Bill, 2025
Islamabad: The Senate Standing Committee on the Cabinet Secretariat took up the Government Bill titled “The Pakistan Telecommunication (Re-organization) (Amendment) Bill, 2025. A meeting of…
Pakistan’s PSO Approves SPA Agreement with Azerbaijan’s SOCAR for Petroleum Product Supply
The Pakistan State Oil Company Limited (PSO) has approved the execution of a Sale and Purchase Agreement (SPA) with the State Oil Company of the…
