PSO, the leading oil marketing company in Pakistan, held its 43rd annual general meeting on October 28, 2019 in Karachi. The program elaborated on the company’s latest achievements and role as a trusted partner across all national stakeholders. The meeting was chaired by Mr. Zafar Usmani, Chairman, Board of Management, PSO. The meeting was attended by Members, Board of Management, Mr. Sajid Mehmood Qazi, Mr. Mohammad Shahid Khan, Mr. Muhammad Humayun Khan Barakzai, and company officials Mr. Jehangir Ali Shah, the Managing Director & CEO, Mr. Yacoob Suttar, Deputy Managing Director – Finance and CFO and Mr. Rashid Umar Siddiqui, the Company Secretary of PSO.
The PSO management highlighted that they were successful in tackling the challenges to the industry in the wake of the overall challenging economic situation in the country. PSO managed to mitigate the impact and has reported Rs. 17.5 billion in Profit-before-Tax and Rs. 10.6 billion in Profit-after-Tax (PAT) in FY2019.