February 18, 2021: 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.
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Pakistan State Oil (PSO), the nation's most progressive energy company and the Institute of Business Administration (IBA) - Pakistan's leading business school, have joined hands through the PSO CSR Trust to help talented students from underprivileged backgrounds pursue their educational aspirations.
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PSO continues to lead the fuel revolution in Pakistan by becoming the first Oil Marketing Company (OMC) to upgrade Pakistan's diesel fuel standard from Euro 2 to Euro 5. The Company has recently launched its Euro 5 standard high speed diesel under the brand name "PSO Hi-Cetane Diesel Euro 5".
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Pakistan State Oil (PSO), the leading oil marketing company of Pakistan, convened its Board of Management (BoM) meeting on October 27, 2020 to review the Company's performance together with its subsidiary Pakistan Refinery Limited (collectively the 'Group') for the quarter ended September 30, 2020 (Q1FY21).
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October 21, 2020: Pakistan State Oil (PSO), the nation's leading Oil Marketing Company (OMC) convened its 44th annual general meeting on October 21, 2020 in Karachi. To ensure the health and safety of shareholders and employees in view of the coronavirus pandemic, the Company conducted the shareholders' meeting virtually.
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The Federal Minister for Energy (Petroleum & Power Division), Mr Omar Ayub Khan and Special Assistant to the Prime Minister (SAPM) on Petroleum, Mr Nadeem Babar accompanied by Secretary Petroleum, Mian Asad Hayaud Din visited the country's flagship oil company, Pakistan State Oil (PSO). Chairman, PSO Board of Management, Mr Zafar I. Usmani, Chief Executive Officer & Managing Director PSO, Syed Muhammad Taha and the Company's senior management welcomed the honorable guests at PSO's head office in Karachi.
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Pakistan State Oil (PSO), the leading Oil Marketing Company (OMC) of the country, convened its Board of Management (BoM) meeting at PSO House, Karachi on August 31, 2020 to review the Company's performance during the year ended June 30, 2020.
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As the Nation's own Oil Marketing Company (OMC), PSO continues to revolutionize the industry by becoming the first OMC to upgrade Pakistan's fuel standard from Euro 2 to Euro 5. PSO's Hi-Octane 97 Euro 5 was launched at a grand ceremony held at PSO Service Station-2, Diplomatic Enclave, Islamabad.
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Managing Director & CEO, Pakistan State Oil, Syed Muhammad Taha hoisted the national flag at PSO House, Karachi on Independence Day. The flag hoisting was followed by the National Anthem. MD & CEO, Syed Muhammad Taha and DMD Operations, Syed Jehangir Ali Shah planted tree saplings as part of GOP's tree plantation drive for a Clean & Green Pakistan. Company officials and staff were also present at the occasion to express solidarity and love for their homeland.
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PSO, the largest Oil Marketing Company of the country, continues to pave the way for a sustainable future for Pakistan by successfully installing and commissioning its first electrical vehicle charging station under the brand name "PSO Electro" at PSO Capri Gas Station, F-7, Islamabad. The Federal Minister for Power and Petroleum, Mr. Omar Ayub Khan and Special Assistant to Prime Minister on Petroleum, Mr. Nadeem Babar were the chief guests at the inauguration ceremony.
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