PSO teeters on the edge of default as circular debt reaches whooping Rs782bn
Company describes predicament of facing troubles in opening LCs in letter to finance ministry
PSO proposes debt swap for stake in Pakistan public sector companies
The government with a 25pc stake is the biggest shareholder of Pakistan State Oil
PIA sorts out issues with PSO for smooth fuel supply
Airline’s operations remain disrupted on Saturday with another 59 flights cancelled
Caretaker PM Kakar for good roads to access resources
Caretaker PM Kakar for good roads to access resources
Govt betraying citizens as well as IMF: Shehbaz Sharif
Shehbaz Sharif said government is betraying the citizens of Pakistan and International Monetary Fund
Oil companies raise concerns over decrease in petrol price
OGRA called an immediate meeting on Wednesday to discuss the concerns of the Oil Marketing Companies
Petrol price in Pakistan hiked despite decline in international market: Sherry Rehman
Sherry Rehman said that petroleum prices rise in Pakistan when declined in international market
Increase in petroleum prices 'economic murder' of people: Hamza
Hamza said increase of Rs12/liter in the petroleum prices is nothing but 'economic murder' of people
PM displeased over shortage of petrol across the country
PM displeased over shortage of petrol across the country
Finance Minister Asad Umar to preside over ECC meeting
ECC to examine agreement between PSO and SOCAR.
PSO submits report to SC on inflated POL, utility prices
"Where the chief executive officer is who draws Rs3.7 million?" CJP questioned.
PSO launches environment friendly RON 97 fuel
RON 97 delivers superior performance to vehicles for a smooth and knock-free drive.
PSO signs agreement with Port Qasim Authority to supply their entire fuel requirements
PSO has a longstanding history of supplying petroleum products to large corporations.
PSO, FAW Motors working to modernize PSO fleet to support CPEC infrastructure
The vehicles will add efficiency and agility to PSO’s road transportation system.
PSO pens letter to finance ministry seeking issuance of Rs130 bn
PSO receivables have soared to all-time high of Rs334bn
PSO, Shahid Afridi Foundation join hands to educate future generations of Pakistan
Chairman PSO CSR Trust and Shahid Afridi signed and exchanged the MoU documents.
PSO launches modern fleet for safe transportation of petroleum products
The newly built PSO tank lorry complies fully with the standards set by OGRA and NHA.
PSO stops oil supply to PIA over non-payment of dues
PIA flights from Karachi to Lahore and Islamabad were delayed due to suspension of oil supply.
PSO faces financial woes as receivables hit Rs306 billion
Rs276 billion has to be paid by the power companies.
PIA owes 15.6 billion rupees to PSO
PSO administration says the national airline wasn't following the agreement
PSO gears up to deal with petrol shortage in Lahore, other cities
The oil shortfall is temporary, an official said.
PSO stops fuel supply of PIA over non-payment of dues
PSO has made it clear that fuel is being supplied to all the airports according to the routine.
PSO inks fuel supply agreement with Pakistan Railways
PSO security the contract after a stringent, transparent and competitive process.
PSO seeks permission for daytime transportation of petrol
Transportation of petrol was affected owing to the strike of Oil Tanker Contractors Association: PSO
Uninterrupted fuel supply will continue across Pakistan, claims PSO
PSO clarified its stance after protest of oil tankers association.
PSO warns PIA of freezing oil supply as dues pile up
PIA has only managed to return Rs430 million out of Rs830 million to PSO.
PSO to import 2 to 3.5 lac tonne petrol in May
Around 35 metric tonne to 60 metric tonne petrol would be imported using one cargo ship
Law enforcement agencies take Former GM PSO Zulfiqar Ali into custody
Former General Manager PSO Zulfiqar Ali was arrested from Nazimabad, Karachi. Zulfiqar Ali was arres
PSO to buy LNG from Shell, Gunvor
PSO has inked an agreement with Shell and Gunvor worth 2.5 billion dollars
Karachi: PSO's project manager arrested
FIA arrested PSO's Project Manager Naveed Zubair on the charges of corruption
PSO gave discount worth Rs 1.27 billion, audit report reveals
The company bore Rs 2 crore loss as DMD's salary package was also not approved by the ministry
Bank guarantee worth Rs 40 bn approved for PSO
Finance Ministry has approved bank guarantee for PSO to bail it out of financial crisis
Petrol supply betters on day-9 into crisis
Shireen Mazari has demanded resignation of the PM and ministers for inefficiency
Pakistani tweeps lash out at PMLN govt over petrol crisis
Long queues at petrol pumps throughout Punjab caused the uproar that the govt is facing now
Persistent shortage of petrol irks motorists
Government was unable to anticipate demand of petroleum for January, admits Minister Petroleum.
Govt issues funds worth Rs17.5b to PSO
PSO owes at least Rs 215 billion to the power sector and other government institutions
Petrol shortage worsens in Punjab
A tanker carrying at least 50,000 ton oil has reached Karachi seaport
PSO's circular debt reaches more than Rs 200 billion
The government has not taken measures required to reduce the circular debt of PSO
PSO suspends fuel supply to PIA for not clearing dues
Under an agreement, PIA is required to make payment within seven days of oil delivery.
PSO runs out of jet fuel
The shortage was a result of stoppage of fuel supply to PSO by national oil refineries.
PSO to set up oil refinery in Khyber Pakhtunkhwa
Pakistan State Oil (PSO) has decided to set up an oil refinery in Khyber Pakhtunkhwa.
PSO declared defaulter by world market
World market imposes heavy fines on Pakistan State Oil, threaten to suspend oil supplies.
PSO to import 325,000 tons of gasoline, jet fuel
Pakistan State Oil is set to import 325,000 tonnes of gasoline and jet fuel.
Two dead in Indonesia plane crash
Pilatus PC-6 aircraft was flying in East Kalimantan to do some aerial photography when it crashed.
JSQM chairman Bashir Qureshi laid to rest in Ratodero
Jeay Sindh Qaumi Mahaz (JSQM) chairman Bashir Qureshis has been laid to rest in Ratodero.
Veena will surely marry Mr Right on Swayamvar
Veena Malik is currently working in Bollywood movie Mumbai 125 Kms
Obama confirms US drone strikes in Pakistan
President Barack Obama confirmed that US drone aircraft have struck targets within Pakistan.
Switzerland hit by heavy snowfall in 66 years
Swiss officials are coordinating World Economic Forum amidst heaviest snow in 66 years.
Imrans asks Nawaz to resign without delay
PTI chief Imran Khan said that PML-N chief should stop drama of APC and resign from assemblies.
Clock ticking for India's veterans
MS Dhoni admitted pressure was mounting on his in the third Test at the WACA Ground.
Zico says he has reached a deal to coach Iraq
The Brazilian soccer great Zico is set to coach the Iraqi national team through the 2014 World Cup.
Experts study what parasites eat to find ways to kill them
Researchers in Australia are working on a technique to starve to death disease-causing parasites.
LHC sends Moonis case to another sessions judge
The LHC has transferred Moonis Elahi case to another sessions judge of Lahore.
Lady Gaga enthrals fans in Sydney
US pop singer Lady Gaga performed in Sydney for 800 of her most-outrageously dressed fans
Sarfraz murder case: Rangers submit application for weapons return
The Rangers submitted application in ATC for return of weapons used in Sarfraz Shah murder incident
44th death anniversary of Mohtarma Fatima Jinnah today
The 44th death anniversary of Madar-i-Millat is being observed today with national zeal.
Karachi: 31 mortar shells, two land mines seized
Rangers seized 31 mortar shells and two land mines in the Pak Colony Police precincts in Karachi.
Swiss Government freezes assists of Syrian President
After the US, the Swiss government also froze the assets of the Syrian President Bashar Al-Assad.
Drone attacks harmful for war on terror: FO
The Pakistan Foreign Office has declared that drone attacks were harmful for the war on terror.
Lack of planning against India sinks Pakistan: Aleem Dar
Aleem Dar said on Monday that Pakistans poor planning was the cause of defeat in the World Cup.
Sheikhupura: Two dead, 13 injured as wedding bus collides with truck
A woman and her daughter were killed and 13 others were injured as a bus crashed.
