|Date: August 26, 2010|
|PSO provides RS.50million relief to flood victims|
Pakistan State Oil (PSO), the largest public sector organization operating in the energy sector, has donated a total amount of Rs.50 million to the flood victims across the country. In the initial leg of the necessary relief Rs. 15million relief has been deployed in the most affected regions of Khyber-Pakhtunkhwa and parts of Punjab, while additional Rs.25million and Rs.10 million have been donated to Prime Minister’s Fund and Army Relief Fund respectively. Significant voluntary contributions have also been made by the employees of PSO. The PSO management has formed zonal committees for each province dedicated to distribute rations and tents across the country amongst those affected by the floods.
In addition to the relief efforts, Pakistan State Oil has also labored to maintain uninterrupted supply of POL products across its network. According to early estimates, PSO has suffered a loss of Rs. 2.9billion due to damages to infrastructure caused by the devastating floods. Despite these grave challenges, PSO has fulfilled its responsibility of keeping approximately 3300 retail outlets operational while maintenance work is ongoing to revive operational integrity of outlets affected. In line with an early response strategy to combat the floods, the Company had topped up its storage depots nationwide to ensure that no breakdown occurred in supply to any retail outlet or power producers.
PSO has also fuelled 441 relief flights to date, ensuring provision of food supplies and necessary items to the victims of floods across the country. Irfan Qureshi, Managing Director PSO, said that in this hour of crisis PSO stands by the nation and would provide all possible assistance in the ongoing relief efforts and later during the rehabilitation phase as well.