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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The Company's daily average sale and market share in both petrol and diesel have increased significantly in June'20 as compared to the last eleven (11) months due to the shift in demand from other companies' outlets.
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Pakistan State Oil has repudiated the news circulating in some sections of the media fomenting speculations about shortage of fuel in the country. PSO has clarified that there is no imminent shortage of fuel in the country as company has ample fuel reserves in its stocks and it's being dispensed off as usual at all PSO retail outlets across Pakistan.
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MD & CEO - PSO, Syed Muhammad Taha and Chairman, BOM - PSO, Zafar I Usmani, called on the Prime Minister Imran Khan and presented a cheque of 50 million rupees as donation towards Prime Minister's Corona Relief Fund.
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