Pakistan State Oil (PSO)

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Pakistan State Oil (PSO)

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Business

Web Desk
Oct 22, 2024

PSO forgoes late payment charges for five IPPs amid power sector reforms

The government estimates that terminating these five IPPs will save around Rs 411.16 billion in future payments.

Pakistan

Web Desk
Jul 06, 2024

Government abolishes advance income tax on petrol pumps

Petrol pumps were previously subject to a 12.5 per cent withholding tax on their margins. The recent decision to eliminate the advanced income tax was aimed at simplifying the tax structure for petrol pump operators.

Business

Web Desk
Apr 29, 2024

PSO cancels imports of 400,000 metric tonnes of diesel as demand declines

Various factors, including delays in the agricultural season, unseasonal rains, and decreased industrial activity, have contributed to the notable drop in diesel demand, which has plummeted by approximately 30 per cent compared to previous year.