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Business

Web Desk
Aug 15, 2025

Pakistan Refinery shutdown: Will it impact the supply of petrol in the country?

Pakistan Refinery Limited (PRL) will undergo a planned 15-day shutdown for regeneration, starting August 17, 2025.

Business

Web
Mar 25, 2025

PSX recovers slightly after previous day’s sharp sell-off

The index initially exhibited strength, jumping 464 points at its intraday high as buying interest resurfaced.

Business

Web Desk Karachi
Jan 06, 2025

IMF demands major levy on captive power gas to level industrial power costs

Under the $7 billion EFF signed in September, Pakistan is required to cease gas supply to CPPs by January 2025 as part of a key structural benchmark.

Business

Web Desk Karachi
Dec 18, 2024

OGRA recommends increase in gas prices for SNGP and SSGC

As part of compliance with the International Monetary Fund (IMF) programme, OGRA has recommended an increase in gas prices of 8.8% for SNGP and a significant 26% for Sui Southern Gas Company (SSGC).

Business

Web Desk
Oct 30, 2024

PSO struggles with massive debt, energy sector payment defaults

The Pakistan State Oil (PSO) reported on Wednesday that its circular debt has surged to Rs782 billion, placing the company in a severe financial crisis, alongside the electricity and gas sectors, which are also burdened by circular debt.

Business

Web Desk
Oct 26, 2024

PSO records 81.9 per cent drop in profits following revenue decline

Pakistan State Oil Company Limited (PSO) has witnessed a massive 81.9 per cent year-on-year (YoY) drop in profits.

Business

Web Desk
Sep 05, 2024

OGRA cancels two diesel cargoes to protect local refineries

Diesel that has already arrived will be held in bonded storage until the end of September, ensuring it does not enter the market prematurely.

Pakistan

Web Desk
Aug 29, 2024

Petrol price to drop Rs2.97 per litre from September

The government has estimated a reduction of Rs2.97 per litre for petrol, and Rs2.31 per litre for diesel.

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.