World Bank and PRA Unite for Digital Tax Revolution
February 2, 2026
Hascol gets a crucial nudge in its financial reset with an NBP-backed proposal.
Read more: NBP and NCCPL Unite to Strengthen Financial Ecosystem
Hascol Petroleum Limited has entered fresh talks with its lender after receiving a written proposal from the National Bank of Pakistan related to its outstanding borrowings.
The company confirmed that the document, dated January 29, 2026, has been placed before its board of directors, which is now examining whether to proceed with the terms outlined. Regulators and the stock exchange have been notified while this internal review is taking place.
Executives at Hascol see the development as part of a wider financial reset designed to bring the company’s funding structure under better control. Engagement from a large state-owned bank is being viewed internally as an encouraging sign that Hascol’s recovery roadmap is gaining traction.
No numbers or repayment details have been released at this stage, as discussions remain at an early phase.
Hascol said its leadership is focused on tightening financial management, improving transparency, and putting the business on a stronger footing so it can deliver stable returns and rebuild trust among investors over the long run.
