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Business

Web Desk
Sep 02, 2024

Aramco, Sinopec $10 billion refinery project decision hinges on PSO study

Saudi Aramco and China’s Sinopec are considering investing in a $10 billion green refinery or a crude-to-petrochemical complex in Pakistan.

Business

Web Desk
Aug 27, 2024

PSO records Rs15.9 billion profit after tax despite ‘challenging’ market conditions

Pakistan State Oil (PSO), the country’s largest energy company, has demonstrated remarkable financial strength and strategic capability despite challenging market conditions, according to a statement released on Tuesday.

Business

Web Desk
Apr 02, 2024

PIA privatisation bids invited; international investors assured

The bidding has been scheduled for June 3, 2024, and to attract international investors, reassurances have been extended to them regarding Pakistan’s political steadiness and its conducive business environment.

Business

Web Desk
Mar 02, 2024

Govt adjusts premium on petrol and diesel

The government has announced adjustments in petroleum product prices, effective March 1, 2024, incorporating a premium of Rs4.25 per litre on petrol and 26 paisa on high-speed diesel (HSD).

Business

Web Desk
Oct 30, 2023

PIA set to operate more flights

PIA announced on Monday that it would be able to resume more flights thanks to a credit line extension from Pakistan State Oil (PSO).

Business

Web Desk
Oct 26, 2023

PIA’s ongoing fuel crisis: 349 flights disrupted in two weeks

Pakistan International Airlines (PIA) has been compelled to cancel 349 flights in the past fortnight due to an acute fuel shortage, a situation that underscores the challenges faced by the financially struggling national carrier.

Business

Web Desk
Oct 18, 2023

PIA flight operations set to normalise following fuel arrangements

A spokesperson for Pakistan International Airlines said that the national flag carrier’s flight schedule is returning to normalcy.

Pakistan

Web Desk
Oct 16, 2023

PSO cuts off fuel supply to PIA, passengers stuck at airports

The supply cut has resulted in several PIA planes being grounded, causing immense hardships for thousands of travellers who were stranded at various airports across the country.

Business

Web Desk
Oct 07, 2023

PIA faces flight delays as PSO stops fuel supply over unpaid dues

Pakistan State Oil (PSO) has once again denied supplying aircraft fuel to Pakistan International Airlines (PIA). The refusal impacted two domestic PIA flights scheduled from Islamabad to Karachi.