Pakistan petroleum products sales surge 10 percent in May
KARACHI: Petroleum, oil and lubricants (POL) sales clocked in at 2.43 million tons in May 2017, up by 10 percent on monthly basis. Cumulatively, the sales volume in eleven months…
Pakistan’s petroleum consumption declines in February
KARACHI: Pakistan’s total energy sales of petroleum oil and lubricants clocked-in at 1.74 million tons in February 2017, down 15 percent compared to sales in January 2017 while sales volume…
PSO outlets across country to have ATMs
KARACHI: Pakistan State Oil (PSO) and Allied Bank Limited (ABL) have signed an agreement to facilitate deployment of ABL ATMs at PSO stations nationwide, a statement said on Thursday. Under…
Appellate Tribunal gives go ahead to PSO for acquiring shares in PRL
KARACHI: The Competition Appellate Tribunal has given a go ahead to Pakistan State Oil’s scheme of acquiring 84 million shares in Pakistan Refinery Limited (PRL), a statement issued by PSO…
SHC accords last chance to PSO in regularization case
KARACHI: A divisional bench of High Court of Sindh (SHC) comprising Justice Muhammad Ali Mazhar and Justice Muhammad Iqbal Mahar on Wednesday gave a last chance to Pakistan State Oil…
Judgment reserved in Engro Elengy Suit by SHC
KARACHI: Justice Muhammad Junaid Ghaffar of High Court of Sindh on Friday reserved the judgment in a suit filed by Engro Elengy Terminal (Private) Limited. The plaintiff challenged against refusal…
Tribunal dismisses PSO’s appeal
KARACHI: The Customs Appellate Tribunal (Bench II) comprising Adnan Ahmed Member (Judicial II) Karachi and Khalid Mahmood Member (Technical-I) Islamabad dismissed an appeal of Pakistan State Oil Company Limited (PSO)…
Post Clearance Audit creates Rs 36.285 million demand against PSO
KARACHI: The Directorate of Post Clearance Audit (Customs) has advised the M/s Pakistan State Oil (PSO) to submit Rs36.285 million in the national exchequer as it was short paid by…