Pakistan State Oil is commonly known as PSO. It is basically Pakistan’s oil marketing company. PSO was first established in 1974, round about 39 years back and recognized as leading Sector Company of Pakistan. Under nationalization program it was first established on 30th December, at the ruling time of Zulfiqar Ali Bhutto when he was the Prime Minister of Pakistan. PSO’s Headquarter is in Karachi, Sindh Province of Pakistan. It was straightly incorporated with the previous oil and gas companies.
This is the company who passed Trillion rupee revenue mark and responsible for driving many wheels. This company is responsible for distributing various products of lubricants (POL), petroleum oil, which includes motor gasoline (Mogas), furnace oil (FO), high speed diesel (HSO), Jet fuel (JP1), LPG (liquefied petroleum gas), CNG (compressed natural gas), kerosene and petroleum chemicals. It has over 3500 retail outlets which is the wide spread trade network in Pakistan. LMT which is known as Lubricants Manufacturing Terminal is located in Korangi Industrial Area plays an important role in the sales market. It also provides the facility of refueling at 9 airports of Pakistan and is the major supplier to many railways, power projects, armed forces, marine and agriculture sectors. It has the largest storage capacity within Pakistan, its network stretches from Karachi to Gilgit.
In Pakistan PSO is the only public unit that has been challenging successfully with three foreign multinational companies which includes Shell , Caltex and Total. In PSO White oil market is sharing 59% and black oil is sharing about 73%, it also enjoys the 35% market involvement in lubricants, PSO is busy in marketing its various products.
They are the great investors in the history of Pakistan. Since1998 this company has been given many awards which includes Karachi Stock Exchange Top 25 Companies in1998 and 2011, Help international trust Award in 2005, Occupational Health & Safety Award in2006, Management Association of Pakistan Award in 2005 and 2009, Best Corporate Report Award in 2009, 2010 and 2011, Corporate Philanthropy Award and CSR National Excellence Award in 2010, CEO & MD-PSO receives Best CEO Award and Consumer Choice Award in 2012, last but not the least Partial Settlement of Circular Debt Award was given in 2013.
PSO is due to the efficient execution of company improvement and constant function of the best industrial practices and business expansion strategies, that the company has maintained its market headship in an extremely spirited business atmosphere.