KARACHI: Pakistan State Oil (PSO) earnings impressively surged by 63.32 percent during fiscal year 2010-2011 as its reported profit after taxation reached Rs 14.779 billion.
Despite persistent circular debt issue which squeezed the liquidity for the state giant oil marketing company, PSO was able to maintain its market share to 78.2 percent in Black Oil and 54.4 percent in White Oil during fiscal year 2010-2011 (FY10-11).
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