PSO sets All-Time Records as Profits Soar in Q1FY22

Karachi, October 28, 2021 (PPI-OT):Pakistan State Oil continues to assert its dominance in the energy market as it outperforms the industry, demonstrating its resilience and strength despite the lingering impacts of the pandemic. The market leader reported an all-time high net profit after tax of PKR 11.9 billion in the first quarter of fiscal year 2021-22 (Q1FY22), a growth of 133% compared to the same period last yRead More…

PSO’s 45th Annual General Meeting

Karachi, October 26, 2021 (PPI-OT):The country’s most dynamic energy company, Pakistan State Oil (PSO), convened its 45th Annual General Meeting on October 26, 2021 at its head office in Karachi. In light of COVID-19 precautions, the meeting was held virtually to safeguard the health of employees and shareholders.
Chairman, Board of Management (BOM), PSO – Mr Zafar I. Usmani presided over the meeting withRead More…

Best Corporate and Sustainability Report Award 2016

Karachi, October 21, 2021 (PPI-OT):Pakistan State Oil (PSO), the nation’s largest energy company was awarded third position in the Fuel and Energy Sector of Best Corporate and Sustainability Awards jointly held by ICAP and ICMAP.
For more information, contact:
Executive-Corporate Communications
Pakistan State Oil (PSO)
PSO House, Khayaban-e-Iqbal, Clifton,
P. O. Box 3983, Karachi 75600, Pakistan
UAN: +92-21-111Read More…

Best Corporate and Sustainability Report Award 2017

Karachi, October 21, 2021 (PPI-OT):Pakistan State Oil (PSO), the nation’s largest energy company was awarded third position in the Fuel and Energy Sector of Best Corporate and Sustainability Awards jointly held by ICAP and ICMAP.
For more information, contact:
Executive-Corporate Communications
Pakistan State Oil (PSO)
PSO House, Khayaban-e-Iqbal, Clifton,
P. O. Box 3983, Karachi 75600, Pakistan
UAN: +92-21-111Read More…

Secretary Petroleum visits PSO House

Karachi, September 13, 2021 (PPI-OT): Dr. Arshad Mahmood, Secretary for Ministry of Energy (Petroleum Division) visited PSO’s head office in Karachi today. Managing Director and CEO, Syed Taha welcomed the honourable guest alongside other senior management representatives and gave a comprehensive briefing about PSO’s financial and operational performance and future plans. He appreciated PSO’s role iRead More…

PSO okay with discontinuing fuel supply agreement with Pakistan Railway

Karachi, July 12, 2021 (PPI-OT): Reacting to the recent news report regarding Pakistan Railways’ consultant report, PSO spokesperson said “Pakistan State Oil has been fueling the national economy for the last 45 years, and has been catering to the POL requirements of Pakistan Railways (PR) for more than three decades, as both PSO and Pakistan Railways share the common goal of national progress and growth. In addiRead More…

Special Assistant to the Prime Minister on Petroleum and Power, Mr. Tabish Gauhar visited PSO

Karachi, May 03, 2021 (PPI-OT): Special Assistant to the Prime Minister (SAPM) on Petroleum and Power, Mr. Tabish Gauhar visited PSO’s head office in Karachi. Mr. Zafar I. Usmani – Chairman, Board of Management (BoM) PSO and Syed Taha – Managing Director and CEO, PSO welcomed the honourable guest along with the company’s senior management.
Mr. Gauhar chaired a meeting wherein Chairman BoM and Read More…

PSO Enters into Strategic Partnership with PARCO and PAPCO

Karachi, May 03, 2021 (PPI-OT): Pakistan State Oil (PSO) has signed multiple infrastructural memorandums of understanding (MoUs) of strategic importance with Pak Arab Refinery Limited (PARCO) and Pak Arab Pipeline Company (PAPCO).
These MoUs are intended to safeguard Pakistan’s petroleum product supply chain and enable the economical and environment-friendly transportation of fuels. The entities will jointly develoRead More…

PSO launches e-procurement through SAP Ariba

Karachi, March 17, 2021 (PPI-OT): Pakistan State Oil (PSO) has once again taken the lead by launching e-procurement through SAP Ariba. The new e-procurement solution will significantly enhance the company’s strategic and operational capabilities and provide a level playing field to a large pool of suppliers while also increasing efficiency and reducing turnaround time.
This key milestone in PSO’s journey of digitRead More…

PSO dominates energy market, reports a profit after tax of PKR 9.5 billion in 1H FY21

Karachi, February 19, 2021 (PPI-OT): During the first half of fiscal year 2020-21 Pakistan State Oil (PSO) earned a net profit after tax of PKR 9.5 billion, an increase of 48 % compared to the same period last year despite the challenges posed by the pandemic. PSO’s Board of Management (BoM) reviewed the performance of the company together with its subsidiary Pakistan Refinery Limited (PRL) for the first six moRead More…