Tag: OMCs
Banks raise credit ceiling of OMCs
After the State Bank of Pakistan’s intervention, banks have agreed to increase the credit ceiling of oil marketing companies (OMC) to import petroleum products...
FIA asks banks to do business with OMCs, refineries
The Federal Investigation Agency (FIA) has asked major banks to do business with scrupulous Oil Marketing Companies (OMCs) and refineries after the latter exhibited...
PSO warns of oil crisis as only five-day stocks left
The Pakistan State Oil (PSO) has warned of an immediate crisis of petroleum products in the country due to insufficient imports by several private...
Analysts question tenability of Rs20 subsidy to OMCs amid soaring oil prices
While the Economic Coordination Committee (ECC) of the cabinet approved a Rs20 billion subsidy for oil marketing companies (OMCs) and refineries to ensure the...
Govt approves Rs20 billion subsidy for OMCs, refineries
The Economic Coordination Committee (ECC) of the cabinet has approved a Rs20 billion subsidy for oil marketing companies (OMCs) and refineries to ensure the...