Minister of State (Petroleum Division), Ministry of Energy, Mr. Musadik Malik visited PSO's Head Office in Karachi. Managing Director & CEO, Pakistan State Oil (PSO), Syed Taha welcomed the honorable guest along with the company's senior management.
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Pakistan' s premier energy marketing company, Pakistan State Oil Co. Ltd. (PSO) continues to dominate the energy market, reporting highest ever nine-month profit after tax of PKR 64.8 billion (9MFY21: PKR 18.2 billion), demonstrating the company's agility and strength across its diverse portfolio. PSO outperformed the industry in all petroleum products, leading to an astounding increase in its market share by 3.4% compared to June 30, 2021.
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Pakistan's largest energy company - Pakistan State Oil (PSO), signs Fuel Supply and Technical Services Agreements with TotalEnergies Aviation (TEA) at their headquarters at La Defense Paris France. The agreements were signed by Chief Supply Chain Officer, PSO - Mr. Abdus Sami and President, TEA - Mr. Joel Navaron. Senior officials from both companies were present during the ceremony.
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The country's largest energy company, Pakistan State Oil (PSO) continues to gain momentum and outperform the industry reporting the highest ever half year gross revenue of PKR 1.12 trillion and profit after tax of PKR 32.2 billion (1HY21: PKR 9.5 billion). The net profit translated into a healthy earning per share of PKR 68.56 vs. PKR 20.28 in 1HFY21.
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The country's leading energy company, Pakistan State Oil (PSO) further strengthens its strategic partnership with Pakistan Railways by signing a Memorandum of Understanding (MoU) for the supply of POL products, transportation and other businesses.
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Pakistan State Oil (PSO) and Karachi Kings team up for the mega tournament Pakistan Super League (PSL) Season 7 where PSO Carient Motor Oil will be powering the team as the Titanium sponsor. The signing ceremony was held at PSO's head office in Karachi. President Karachi Kings- Mr. Wasim Akram and Captain Karachi Kings - Mr. Babar Azam were present at the ceremony along with CEO & MD PSO - Syed Taha and the company's senior management.
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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 year.
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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.
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Pakistan State Oil (PSO), the nation's largest energy company was awarded second position in the Fuel and Energy Sector of Best Corporate and Sustainability Awards jointly held by ICAP and ICMAP.
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PSO's commitment towards leadership, governance, customer focus and social responsibility has been recognized by the Management Association of Pakistan. During the period under review, PSO won the 35th Corporate Excellence Award in the oil and gas marketing companies' category.
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