Karachi: The National Bank of Pakistan (NBP) has issued an offer letter to Hascol Petroleum Limited concerning the restructuring and rescheduling of its banking facilities and financial accommodations. The letter, dated January 29, 2026, was confirmed by Hascol Petroleum in a statement shared with the Pakistan Stock Exchange (PSX). The company indicated that its Board of Directors will carefully review the terms and conditions before deciding on acceptance, while the information has also been disclosed to the Securities and Exchange Commission of Pakistan (SECP).
Hascol Petroleum’s management described NBP’s offer as a significant and strategic milestone in the company’s ongoing efforts to restructure and rationalize its financing arrangements. The development reflects the confidence of a major financial institution in the company’s turnaround strategy and long-term prospects, providing an important endorsement of its future outlook.
The proposed restructuring aims to improve Hascol Petroleum’s financial position and operational flexibility. By rationalizing its financing arrangements, the company seeks to optimize liquidity management, ensure timely debt servicing, and strengthen institutional governance. Management emphasized that the initiative is aligned with the company’s broader strategy to enhance efficiency, reduce financial risk, and support sustainable growth.
With continued support from shareholders, Hascol Petroleum’s Board and management reaffirmed their commitment to strong governance, financial discipline, and effective leadership. The restructuring initiative is intended to create sustainable long-term value for stakeholders while reinforcing investor confidence in the company’s operational and financial performance.
This development highlights Hascol Petroleum’s proactive approach to addressing challenges in the energy sector, demonstrating a structured effort to restore financial stability while pursuing strategic growth. The company remains focused on implementing measures that support resilience, operational efficiency, and responsible financial management.
Through the NBP facility restructuring offer, Hascol Petroleum aims to navigate the current financial landscape effectively, ensuring alignment with best practices in corporate finance and banking. The company’s management views this step as pivotal in supporting ongoing turnaround efforts, stabilizing operations, and positioning Hascol Petroleum for sustained success in the energy market.
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