Hascol Petroleum Limited has received an offer from the National Bank of Pakistan for the restructuring and rescheduling of the company’s financing facilities.
In a notice sent to the Pakistan Stock Exchange, the company said the offer letter was issued by NBP on January 29, 2026. The board of directors will review the proposal, including its terms and conditions, for consideration and possible acceptance.
Hascol said its board has authorized the disclosure of the development to the Pakistan Stock Exchange and the Securities and Exchange Commission of Pakistan, in line with regulatory requirements.
The company described the offer as an important milestone in the process of rationalizing its financing structure and strengthening its financial position. Management said the development reflects the confidence of a major financial institution in Hascol’s restructuring efforts and future outlook.
Hascol said its management and board remain committed to sound governance, financial discipline and effective leadership, with the objective of achieving sustainable long term value for shareholders.
Hascol Petroleum Limited (PSX: HASCOL) is a Karachi-based oil marketing company (OMC) that experienced a rapid rise followed by a major financial crisis.
The company struggled with heavy debt burdens, mounting losses and financial stress after around 2018, when currency devaluations, high borrowing costs and operational challenges eroded profitability.
Losses ran into billions of rupees in recent years, prompting negotiations with lenders on rescheduling and restructuring of more than Rs. 50 billion in loans to stabilize the business and safeguard creditors’ interests.