Employees Major Force Behind PSO Turnaround

Employees Major Force Behind PSO Turnaround
Karachi September 11, 2007: From a corporate entity worth Rs. 10 billion in 2000, Pakistan State Oil (PSO) today has become a Rs. 21 billion enterprise, mainly due to investment in its human capital, observed Mr. Jalees Ahmed Siddiqi, Managing Director of Pakistan’s largest oil marketing company.

Mr. Siddiqi was speaking as chief guest at the Employers’ Federation of Pakistan’s Annual General Meeting to share PSO’s success story with EFP members.

In his address, MD PSO highlighted different areas of the company’s operations and how it managed to transform from a typical public sector to a market-driven entity which is now entirely customer-oriented.

He said that induction of high quality professionals, implementation of business ethics policy and recognition of talented and outstanding employees strictly on performance paid its dividend in the last six years. He was highly appreciative of the local talent in Pakistan and attributed PSO’s success to their efforts.

He informed the gathering that at PSO Interactive sessions are regularly held by the top management at all levels for clear, coherent and consistent communication to ensure that employees are able to integrate the inputs into their thinking for a better output.

PSO is the first company in Muslim world to have its CEO on World Business Council’s Business Role Focus Area Core Team (FACT); lead role on strategic initiatives of World Economic Forum (WEF), he added.

Earlier Mr. Ashraf W. Tabani, President, Employer Federation of Pakistan thanked MD PSO for gracing the occasion and appreciated the robust growth and turnaround made by PSO in the recent years.
Mr. Jalees Ahmed Siddiqi, Managing Director, PSO, addressing the Annual General Meeting of the Employers' Federation of Pakistan.