The PSO dispatched a letter to the Pakistan Stock Exchange (PSX), which included information pertaining to an agreement. “Kindly be informed that the Ministry of Energy (Petroleum Division), through its letter dated December 03, 2024, informed PSO of the Economic Coordination Committee (ECC)‘s approval of the SPA and the Federal Cabinet’s ratification of the ECC’s […]
According to sources, under the government’s right-sizing measures, different departments have been suggested for the shutdown. It has been proposed to privatize or close the ‘Utility Stores Corporation’ sources here said. “Karachi Tools, Dyes and Moulds Centre, a subsidiary of the Ministry of Industries and Production, has been suggested for closure,” sources said. Sources said […]
According to sources, the import bill for RNLG (Re-gasified Liquefied Natural Gas) has surpassed Rs 506 billion, while Sui Northern Gas Pipelines Limited (SNGPL) owes PSO Rs 506 billion for LNG supply. The power sector’s dues have also crossed Rs 186 billion, adding to PSO’s financial woes. whereas, Pakistan International Airlines (PIA) owes PSO Rs […]
The fuel stations in Karachi and across Pakistan were shut down on the call of the PPDA from 6 AM today. According to sources, the supply of petroleum products from Pakistan State Oil (PSO) and other oil marketing companies’ terminals is ongoing. Meanwhile, the Oil Tanker Owners Association has distanced itself from the petroleum dealers’ […]
