The Board of Directors of Hascol Petroleum Limited (PSX: HASCOL) has approved a restructuring and rescheduling arrangement for taking care of 92 percent of its total funded banking debt with National Bank of Pakistan (NBP).
The company said negotiations with NBP regarding the restructuring of its financing facilities have been finalized and were formally approved during a board meeting held on May 15, 2026.
The company said it is now completing the required documentation and implementation formalities related to the arrangement.
Once the NBP settlement is fully implemented, 92 percent of its debt will stand restructured, leaving only a limited number of financing arrangements still under negotiation or pending resolution.
The company described the development as a major milestone in its broader financial restructuring efforts aimed at stabilizing operations and improving its financial position.
Hascol added that its board and management remain committed to maintaining financial discipline and strengthening corporate governance as part of the company’s long-term recovery strategy.
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