PSO Reports Rs 20.9 Billion Profit, Declares Dividend at AGM

Karachi: Pakistan State Oil (PSO) announced a profit after tax of PKR 20.9 billion for the fiscal year 2024-25 during its 49th Annual General Meeting held in Karachi. The company’s board, chaired by Mr. Asif Baigmohamed, declared a dividend of PKR 10 per share, which equates to a 22.5% payout ratio.

The meeting, attended by Managing Director and CEO Syed Taha and senior management, highlighted PSO’s continued expansion, with a network of 3,649 retail outlets across Pakistan. Key developments included progress on the White Oil Pipeline project, aimed at enhancing fuel transportation efficiency.

Operational improvements were also discussed, such as advancements in automation and digitization, exemplified by the Faisalabad Terminal Automation System. These efforts underscore PSO’s focus on operational excellence.

Shareholders engaged with the management, receiving reassurances of the company’s strategic vision and its commitment to energy security in Pakistan. The management’s performance and leadership were commended by the shareholders.