Shareholders appreciate PSO’s upbeat performance
KARACHI: Pakistan State Oil’s unprecedented financial performance during FY06 has proved that the company is fully geared to retain leadership in the fiercely competitive market environment.
This was stated by Mr Jalees Ahmed Siddiqi, Managing Director and Chief Executive Officer, PSO, in a presentation to the shareholders at the 30th Annual General Meeting (AGM) on September 21, 2006. The Chairman, PSO Board of Management, Mr Pervaiz Kausar, presided.
Mr Jalees Siddiqi informed the shareholders that despite various adverse factors, like global rise in oil prices, geo-political uncertainties, extreme weather conditions and intensified domestic competition, PSO gained fresh grounds and further consolidated its position in the marketplace.
Mr Pervaiz Kausar said that the company had achieved
remarkable financial results because of aggressive, innovative marketing,
dedication and hard work by the entire PSO team.
The chairman also appreciated PSO’s activities concerning corporate social responsibility, which have been recognized not only in Pakistan but also abroad. He also congratulated PSO management and CBA for reaching an amicable accord.
Mr Jalees Siddiqi dwelt at length on the initiatives that have made
PSO a major success story and hoped that the company will sustain leadership
in increasingly competitive market.