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PSO - Pakistan State Oil Company Ltd. Consolidated
PSO: Receivables update
SCS Research update    10/29/2026 12:00:00 AM
- PSO, govt and the IMF are working on circular debt settlement plan - PSO has received around PKR 10 bn in circular debt payments from Power Division (PD) after the end of financial year - The company also confirmed receiving PKR 26 bn from SNGP during the final quarter of financial year
PSO - Pakistan State Oil Company Ltd. Consolidated
PSO - PARCO Supply Deal Update
SCS Research update    10/19/2026 12:00:00 AM
- PSO board has reportedly approved a renewed 5-year supply agreement with PARCO. - Revised Fuel Allocations: - Petrol (RON 92): Increased from 18,000 to 50,000 tonnes/month - High-Speed Diesel: Increased from 50,000 to 105,000 tonnes/month - Furnace Oil: Cut from 32,000 to 5,000 tonnes/month - Reason for Shift: Furnace oil demand is falling in the power sector, while petrol and diesel have become more strategically important. - New Terms: The new deal includes Euro-5 standard fuel, more flexible payment terms, and protection against LC delays related to banking issues.
PSO - Pakistan State Oil Company Ltd. Consolidated
PSO receivables update
SCS Research update    9/25/2026 12:00:00 AM
The YoY receivables decreased to PKR 414.81 bn in FY26 from PKR 437.45 bn in FY25 This is a recovery of PKR 22.65 bn in a year as per the balance sheet
PSO - Pakistan State Oil Company Ltd. Consolidated
PSO Clears Key Resistance, Setting the Stage for Further Gains
M Wajahat    8/18/2026 12:00:00 AM
PSO has successfully broken above its long-term resistance zone, signalling strengthening bullish momentum and a significantly improved technical outlook. We advise investors to consider accumulating positions within the PKR 382.30–384.35 range. Based on the prevailing chart structure, the stock has the potential to advance towards PKR 399.91, PKR 412.35, and PKR 435.21, provided bullish momentum remains supported by healthy volume participation. To ensure prudent risk management, a strict stop-loss at PKR 345.60 is recommended.
Link: https://scstrade.com/research/Research%20Reports/General/Technical%20Analysis%20Report%20PSO%20Aug%2018,%202026...pdf
PSO - Pakistan State Oil Company Ltd. Consolidated
PSO owns PRL
SCS Research update    8/4/2026 12:00:00 AM
SCS assessment PSO now owns a 63% stake in PRL. This is an increase from the previous holding of ~60% As per SCS, the extraordinary move in PRL is related to this government-based ownership Also, SCS believes PRL will increase its production of petrol after the new refining policy. Also, refineries were allowed to export FO (heating oil) as per media handouts SCS would like to remind that PSO is still waiting for a resolution of inter-corporate debt. As per a media handout published last week, PSO is still depicting the receivable amount of PKR 900bn in the media reports Hence, SCS Research is positive on PSO & PRL on these downstream oil sector developments
PSO - Pakistan State Oil Company Ltd. Consolidated
PSO & Petrol Price Break up….
Ahsan Muhammad Asif    8/1/2025 12:00:00 AM
In the oil marketing (OMC) sector, we are focusing on Pakistan State Oil (PSO). We are covering it and our FY25 EPS estimation is PKR 44/sh plus a dividend forecast of PKR 10-20/sh. Whilst our FY26 EPS target is PKR 120/sh based on 1) our probable thrust of an increase in OMC margin by the government to benefit Saudi based companies viz. Aramco sites & WAFI 2) incremental other income 3) reduction in financial charges 4) an improved profile of the balance sheet once there is improvement in intercorporate circular debt situation at the behest of IMF from time to time.
Link: https://www.scstrade.com/research/Research%20Reports/General/PSO%20&%20Petrol%20Price%20Break%20up%E2%80%A6.pdf
PSO - Pakistan State Oil Company Ltd. Consolidated
PSO – Main beneficiary
Ahsan Muhammad Asif    7/28/2025 11:18:12 AM
PSO – Main beneficiary of the government plans to settle its corporate debt. PSO Receivable is standing ~PKR 500bn as per company latest books. In this case PSO is expected to receive approximately PKR 66.2 bn which constitutes an after-tax incremental impact of PKR 119.9/sh on EPS. PSO has already reported 9MFY25 EPS of PKR 32.52/sh. Ahsan M Asif Research Analyst SCS