PSO's 49th AGM - PSO Accelerates Pakistan’s Energy Transformation by Strengthening Growth Momentum

PSO's 49th AGM - PSO Accelerates Pakistan’s Energy Transformation by Strengthening Growth Momentum Pakistan State Oil (PSO), the nation’s leading energy company, held its 49th Annual General Meeting in Karachi, chaired by Mr. Asif Baigmohamed, Chairman of the Board of Management. Managing Director & CEO, Syed Taha, along with the BOM members and senior management, attended the session. PSO reported a profit after tax of PKR 20.9 billion and declared a dividend of PKR 10 per share, representing a 22.5% payout ratio for FY 2024–25.

The management informed shareholders that PSO continued to expand its footprint with a robust network of 3,649 retail outlets across the country. The company made significant progress on the White Oil Pipeline project, enhancing fuel transportation efficiency and reliability. In a major step toward sustainable mobility, PSO launched Pakistan’s first New Energy Vehicle (NEV) fast-charging station on the M2 Motorway between Lahore and Islamabad.

Operational excellence remained a key focus, with advancements in automation and digitization, including the Faisalabad Terminal Automation System. PSO also expanded its Shop Stop convenience network, adding 99 new stores to reach a total of 310 nationwide, and introduced six VIBE Stores to offer enhanced convenience and a superior customer experience.

The management addressed shareholders’ queries, reaffirming PSO’s strategic vision and commitment to ensuring Pakistan’s energy security. Shareholders commended the management for its strong performance, leadership, and the trust it continues to inspire.