Karachi, Pakistan State Oil Company Limited informed Pakistan Stock Exchange that the board meeting of the company is scheduled to be held on August 06, 2016 at Karachi. The agenda of the meeting shall be consideration of annually accounts for the period ended June 30, 2016. Further, the closed period of the company shall be from July 30, 2016 to August 08, 2016(both days inclusive). Pakistan State Oil Company Limited is a public limited company incorporated in Pakistan in 1976. The foundations of the company are laid using the Companies Ordinance, 1984. The principle activities of the company are procurement, storage and marketing of petroleum and related products. The company is also known for blending various kinds of lubricating oils. The stocks of the company are quoted on the Karachi, Lahore and Islamabad Stock Exchanges of Pakistan. The registered office of the company is located in Karachi. The products which the company sells include Motor Gasoline, High Speed Diesel, Furnace Oil, Jet Fuel, Kerosene, CNG, LPG, Petrochemicals and Lubricants. The distribution network of the company comprises of 3,689 outlets out of which 3,500 outlets serve the retail sector and 189 outlets serve the bulk customers. In addition to retail customers more than 2,000 industrial units, business houses, power plants and airlines are being fueled by the company. The associated companies of PSO are Asia Petroleum Limited with 49% shareholding and Pak Grease Company Limited with 22% shareholding percentage. The industry association and trade bodies of the company include Management Association of Pakistan and World Economic Forum. The symbol “PSO” is being used by the stock exchanges for the shares of Pakistan State Oil Company Limited.

Lahore, July 29, 2016 (PPI-OT): The President APBF Ibrahim Qureshi asked the government to consider automatic refund mechanism which will reduce complaints, ensure transparency and boost exports. Government should consider automating the refund system which will allay concerns of the business community and reduce load on the FBR, said Ibrahim Qureshi. He said that automatic ...

Karachi, July 29, 2016 (PPI-OT): PIA has formalized wet leasing of three A-330 aircraft from Sri Lankan Airlines. At a ceremony held in Colombo today, CEO, Mr. Bernd Hildenbrand signed […]

Peshawar, July 29, 2016 (PPI-OT): There is no justification- be it cultural, economic or social-for denying girls and women an education, Illiteracy keeps women marginalized and constitutes a foremost obstacle […]

Karachi, July 29, 2016 (PPI-OT): In order to facilitate its valued customers living outside Bahawalpur, DHA Bahawalpur Management is pleased to announce that in Karachi the Transfer and Record Sub […]

Lahore, July 29, 2016 (PPI-OT): Pakistan and India are major partners of the South Asian Association for Regional Cooperation (SAARC) and have great responsibility to maintain peace in the region. […]

Pakistan is under renewed pressure from Turkish authorities to shut down educational institutions in the country and other business concerns run by Fethullah Gulen, the alleged mastermind of last week's failed coup plot in Turkey.Officials in Islamabad...