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Press Release Archive

  • Another step towards a Digital Pakistan - PSO Launches Digitally Integrated Oil Terminal

    2021-05-08

    The nation's most progressive energy company, Pakistan State Oil (PSO), has once again taken the lead in digitizing its petroleum product supply chain. Special Assistant to Prime Minister for Power & Petroleum, Mr. Tabish Gauhar inaugurated Pakistan's first digitally integrated oil storage and dispatch terminal at PSO's Keamari Terminal A (KTA) accompanied by Managing Director & CEO PSO - Syed Muhammad Taha. Senior company officials and the project team was also present during the ceremony. .

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  • Special Assistant to the Prime Minister (SAPM) on Petroleum and Power, Mr. Tabish Gauhar visited PSO

    2021-05-01

    Special Assistant to the Prime Minister (SAPM) on Petroleum and Power, Mr. Tabish Gauhar visited PSO's head office in Karachi. Mr. Zafar I. Usmani - Chairman, Board of Management (BoM) PSO and Syed Taha - Managing Director & CEO, PSO welcomed the honorable guest along with the company's senior management..

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  • PSO enters into strategic partnership with PARCO and PAPCO

    2021-05-02

    Pakistan State Oil (PSO) has signed multiple infrastructural MoUs of strategic importance with Pak Arab Refinery Limited (PARCO) and Pak Arab Pipeline Company (PAPCO) which aim to safeguard the country's petroleum product supply chain and enable economical and environment friendly transportation of fuel..

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  • PSO REPORTS STAGGERING PROFITS FOR 9MFY21

    2021-04-29

    Pakistan State Oil (PSO) continues to outperform the energy market earning a net profit after tax of PKR 18.2 billion during the nine month period for the financial year 2020-21 (9MFY21) despite the challenges posed by the pandemic which demonstrates the company's resilience and dependability. PSO's Board of Management (BoM) reviewed the performance of the company together with its subsidiary Pakistan Refinery Limited (PRL) during the meeting held at PSO House, Karachi on April 29, 2021..

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  • PSO LAUNCHES E-PROCUREMENT THROUGH SAP ARIBA

    2021-03-19

    Karachi - March 16, 2021: The nation's most progressive energy company - Pakistan State Oil (PSO) has once again taken the lead by launching e-procurement through SAP Ariba. The new e-procurement solution will significantly enhance the company's strategic and operational capabilities and provide a level playing field to a large pool of suppliers while also increasing efficiency and reducing turnaround time..

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  • PSO dominates energy market, reports a profit after tax of PKR 9.5 billion in 1H FY21

    2021-02-19

    February 18, 2021: During the first half of fiscal year 2020-21 Pakistan State Oil (PSO) earned a net profit after tax of PKR 9.5 billion, an increase of 48 % compared to the same period last year despite the challenges posed by the pandemic..

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  • PSO & IBA Join hands to nurture future leadership

    2021-02-08

    Pakistan State Oil (PSO), the nation's most progressive energy company and the Institute of Business Administration (IBA) - Pakistan's leading business school, have joined hands through the PSO CSR Trust to help talented students from underprivileged backgrounds pursue their educational aspirations. .

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  • ANOTHER FIRST BY PSO - LAUNCH OF EURO 5 STANDARD DIESEL IN PAKISTAN

    2020-12-31

    PSO continues to lead the fuel revolution in Pakistan by becoming the first Oil Marketing Company (OMC) to upgrade Pakistan's diesel fuel standard from Euro 2 to Euro 5. The Company has recently launched its Euro 5 standard high speed diesel under the brand name "PSO Hi-Cetane Diesel Euro 5"..

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  • PSO reports profit after tax of PKR 5.1 billion in 1Q FY21

    2020-10-27

    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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  • PSO's 44th Annual General Meeting

    2020-10-22

    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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