Allama Muhmmad Iqbal Words, without power, is mere philosophy.
Quaid-e-Azam Expect the best, Prepare for the worst...
Energy crisis in Pakistan to worsen unless Government arranges Rs50 billion for PSO Wednesday, January 11, 2012: Pakistan is on verge of facing another energy shutdown unless the Government takes immediate step and arrange Rs50 billion for Pakistan State Oil (PSO) before January 15. PSO, which is the Pakistan’s largest state-owned oil marketing company, has […]
PEPCO sinks further into debts Failing to make an adequate amount of recoveries from the Pakistani government and private sector, PEPCO (Pakistan Electric Power Company) sank further into debts. As on, Monday, December 26 the company owes Rs350 billion to various lenders. According to documents, Pepco’s receivables stood at Rs345.969 billion (provincial and federal governments […]
PSO receivable escalates to Rs 180.3 billion Islamabad (December 17), Pakistan State Oil’s receivable and payables have risen to a huge sum of Rs 180.3 billion. The total receivable and payables stand at an escalating Rs 352 billion with payable sum reaching to Rs. 172.15 billion. According to official data available, the national fuel supply […]
Oil and gas sector in disarray – Pakistan Industrial sector update 2011 KARACHI – Despite good news flow regarding price and volumetric difference in oil and gas, nation’s greatest outlined area having 40 % weight in KSE 100 catalog, has so far published a bad come back of 5 % this year. This 5 % […]
Oil Consumption in Pakistan surged up by 11 % in November Consumption of Oil is increased by 11% in November on a yearly basis with an impressive performance from all mainstream products. Petrol sales also increased by a significant 34% as gas load shedding have made many producers to shift to the more expensive alternate […]
PSO hires a new Managing Director – Oil and gas sector update SLAMABAD: Prime Minister Yousaf Raza Gilani on Friday designated Naeem Yahya Mir as MD of Pakistan State Oil (PSO), changing Performing MD Jehangir Shah, as part of a thought out restructuring of oil and gas organizations, says the Excellent Minister`s Home. A professional […]
Gas load management problems – Oil and gas sector update Pakistan LAHORE: It has been learnt from reliable sources that the Lahore High Court have asked the Oil and Gas Regulatory Authority (Ogra) and the Sui Northern Gas Pipelines Limited (SNGPL) to explain the court of the law under which CNG loadshedding was being conducted. […]
CNG loadshedding troubling the public – Oil and gas sector update Pakistan LAHORE: It has been learnt from reliable sources that the Lahore High Court have asked the Oil and Gas Regulatory Authority (Ogra) and the Sui Northern Gas Pipelines Limited (SNGPL) to explain the court of the law under which CNG loadshedding was being […]
Increasing Receivables will lead to fuel shortage: PSO warns The Pakistan State Oil (PSO) has informed that the amount of receivables have reached to Rs179 billion, which is due to the non-payment of the power sector and specifically PIA. The increasing amount of receivables will ultimately affect the supply chain, which will lead to the […]
Liquidity constraints for PSO; threats to cut down fuel supply Pakistan State Oil (PSO) has threatened to all of its defaulting customers to immediately repay the outstanding dues otherwise any further supply of fuel will be cut down until the payment. The petroleum supplier issued a strict statement on Friday to stop fuel supply to […]
KESC to be paid the price differential for continuous power supply – Pakistan oil & gas sector update PAKISTAN: It has been learnt from reliable sources that federal government of Pakistan will be providing billions of rupees to Karachi Electric Supply Company (KESC) to balance the difference in furnace oil and gas prices that ensured […]
Reduction in Oil Import by Pakistan The decrease in import of oil by Pakistan has been observed last month. Even the biggest oil company of Pakistan, Pakistan State Oil (PSO) has reduced the import of oil to the lowest volume of 780,000 tonnes, which is required for the period of three-months. Though, import of less […]
