Pakistan State Oil (PSO) reported a significant 150% year-on-year unconsolidated profit increase in 9MFY26, reaching Rs2.24 trillion in net sales despite a 4% decline. Gross profit surged by 82%, boosting margins to 6%, and finance costs dropped by 36%. However, the company continues to face substantial circular debt, with trade receivables at Rs455 billion as of March 2026, including Rs286 billion from SNGPL. The government has provided a Rs100 billion bank-guaranteed financing facility, and a gas-sector circular debt resolution is anticipated post-June 2026. This financial improvement for a key state entity, alongside ongoing circular debt challenges, could offer some stability to Pakistan's economic outlook, potentially influencing USD/PKR rates and, indirectly, local gold prices.
بحوالہ / Source: www.brecorder.com