The government is working on preparing a list of public sector companies for sale to reduce the government’s footprint in the public sector, says Muhammad Zubair, chairman of the Board of Investment (BOI).
“It is not the government’s job to do business”, said Zubair on…http://alternativeenergy.com.pk/pakistan-news/governments-to-sell-state-owned-companies-including-pso-and-pakistan-steel-mills-preparing-a-list-of-public-sector-companies-for-sale/ Board of Investment (BoI), government companies for sale, government companies for sell, Pakistan Steel Mills, PSO, state-owned companies, Yamaha Company delegation
Pakistan State Oil (PSO) has requested the government to implement the pricing mechanism agreed by all the stakeholders to resolve the issue of outstanding dues against power sector. According to reliable sources the pricing mechanism was agreed on March 22 in a high-level meeting chaired by the…http://alternativeenergy.com.pk/national-news/recovery-of-dues-against-power-sector-pso-urges-government-to-implement-agreed-pricing-mechanism-ministry-of-petroleum-and-natural-resources-and-pso/ government to implement, Ministry of Petroleum and Natural Resource, Pakistan Electric Power Company, PEPCO, power sector, pricing mechanism, Private Limited, PSO, Recovery of dues against, Special Secretary Finance
Pakistan State Oil (PSO) plans to acquire Chevron Pakistan’s shareholding in Pakistan Refinery Limited (PRL) using its first right, according to reports. Chevron had recently announced that it wished to sell its 12% stake in PRL.
Attock Refinery Limited (ARL) had also announced…http://alternativeenergy.com.pk/oil-gas-energy/mergers-and-acquisitions-pso-and-shell-international-petroleum-company-to-increase-stake-in-pakistan-refinery/ increase stake, International Petroleum Company, Mergers and acquisitions, Pakistan Refinery, Pakistan Refinery Limited (PRL), Pakistan State Oil, PSO, Shell International Petroleum Company
The government has released Rs 10 billion to Pakistan State Oil (PSO) to enable the company to clear international letter of credits (LCs) payment, it is learnt. Sources in the Petroleum Ministry told Business Recorder here on Thursday that the cash strapped PSO after the successful completion…http://alternativeenergy.com.pk/national-news/government-releases-rs-10-billion-to-pso-enable-the-company-to-clear-international-letter-of-credits-lcs-payment/ (LCs) payment, company to clear international letter of credits, Government releases, Pakistan State Oil, PSO
KARACHI: By all means, the benchmark Karachi Stock Exchange (KSE) -100 index reaching an all-time high level of 20,244.8 points on the first day of post-election trading is a vital endorsement of the Pakistan Muslim League-Nawaz (PML-N) victory in the nationwide polls. After all, the PML-N is…http://alternativeenergy.com.pk/national-news/pml-n-victory-to-bode-well-for-the-market-predict-analysts-post-election-trading-is-a-vital-endorsement-of-the-pakistan-muslim-league-nawaz-pml-n-victory/ (PML-N) victory, Hubco, KAPCO, Karachi Stock Exchange (KSE) market, Lucky, MCB, Nishar Power, OGDC, Pakistan Muslim League-Nawaz, post-election trading, predict analysts, PSO, vital endorsement
Pakistan State Oil (PSO), the nation’s only trillion-rupee company, announced its earnings results for the first nine months of fiscal 2013 on Tuesday. The company has booked profits worth Rs9.32 billion for the period from July 2012 to March 2013, higher by 3.82% if compared to…http://alternativeenergy.com.pk/national-news/corporate-results-pakistan-state-oil-pso-posts-modest-growth-in-earnings-period-from-july-2012-to-march-2013/ Corporate results, Pakistan State Oil, posts modest growth earnings period, PSO
Prime Minister Mir Hazar Khan Khoso has been informed that Pakistan State Oil (PSO)’s creditworthiness has been questioned in the global financial market, and that at least one leading international bank has expressed serious concern over a default on Letters of Credit (L/Cs)…http://alternativeenergy.com.pk/national-news/circular-debt-woes-alarm-bells-ring-in-pso-as-international-bank-questions-creditworthiness-in-global-financial-market/ Circular debt woes, creditworthiness, global financial market, international bank, Pakistan State Oil, PSO
Prime Minister Mir Hazar Khan Khoso directed the finance ministry on Thursday to immediately release Rs11 billion to Pakistan State Oil (PSO), so that it can import fuel for power generation companies in a bid to overcome the looming possibility of severe load shedding in the coming…http://alternativeenergy.com.pk/national-news/premier-directs-immediate-release-of-rs11b-to-pakistan-state-oil-pso-import-fuel-for-power-generation-companies/
Sindh Chief Secretary, Raja Muhammad Abbas, has asked the stakeholders of Zulfikarabad Oil Tankers’ Terminal to speed up the accomplishment of the project so that the shifting of oil tankers to Zulfikarabad could be done expeditiously. He was addressing the participants of review meeting…http://alternativeenergy.com.pk/national-news/zulfikarabad-oil-terminal-cs-for-speeding-up-project-completion-of-the-supreme-court-order-must-be-ensured/
The Finance Ministry has reportedly expressed its inability to releases Rs 57 billion for import of furnace oil after the total subsidy for the power sector exceeded Rs 267 billion during the first nine months of the current fiscal year against a total revised subsidy allocation of Rs 291 total…http://alternativeenergy.com.pk/national-news/furnace-oil-import-mof-unable-to-release-rs-57-billion-finance-ministry-report/