Aftab Maken ISLAMABAD: Pakistan State Oil Company Limited (PSO), the country’s largest fuel marketing and energy distribution company, has launched a search for a new Chief Executive Officer, signaling a major leadership transition at a time when the energy sector faces mounting financial, regulatory, and sustainability challenges. In a public …
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Aftab Maken ISLAMABAD: The ECC of the Cabinet has granted Pakistan State Oil (PSO) authorization to finalize a crucial deal with Qatar Energy to divert 24 to 29 Liquefied Natural Gas (LNG) cargoes scheduled for delivery in 2026. The deadline to close the agreement is November 15, 2025. The decision …
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Petrol, diesel, and kerosene prices are expected to rise from October 1, adding pressure on households already battling inflation. BeNewz Report Pakistanis are bracing for another financial hit as the prices of key petroleum products are set to increase from October 1, 2025, in response to global crude oil trends …
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Aftab Maken ISLAMABAD: Pakistan’s energy sector is teetering on the brink of collapse, facing a severe financial crisis that could trigger a significant increase in gas prices for consumers starting January 1, 2026. A deepening circular debt, blamed on systemic mismanagement and a lack of a cohesive national energy policy, …
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Aftab Maken ISLAMABAD: While Pakistan State Oil (PSO) has announced a seemingly robust profit after tax of Rs 11.2 billion for the first half of FY25, up from Rs 7.7 billion in the same period last year, a closer look at the company’s financial health reveals a persistent and alarming …
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