KARACHI: The Pakistan State Oil (PSO) does not have enough reserves to buy petrol and the company’s circular debt has crossed Rs200 billion mark.
As per media reports, the state oil company is out of money to buy petrol while people are facing problems due to petrol shortage in Punjab. PSO had asked the government for Rs72 billion to pay the indigenous oil refineries. The government has not taken measures required to reduce the circular debt of PSO.
KARACHI: Cotton prices in Pakistan have climbed to a two-year high, with rates rising by Rs4,000 per maund to reach...
ISLAMABAD: In a major relief for inflation-hit consumers, the government has reduced petroleum prices, slashing petrol by Rs11.83 per litre...
ISLAMABAD: Inflation in Pakistan continues to surge amid rising tensions in the Middle East, with the weekly inflation rate increasing...
ISLAMABAD: A downward trend in gas prices has begun in Pakistan following the restoration of LPG supply from Iran. According...
