Karachi, October 24, 2024: Pakistan State Oil (PSO), Pakistan’s leading energy company, held its 48th Annual General Meeting (AGM) in Karachi, led by Chairman Mr. Asif Baigmohamed. Managing Director & CEO Syed Taha, board members, and senior management attended the session.
PSO reported robust financial performance for FY24, with a gross revenue of PKR 3.8 trillion and a profit after tax of PKR 15.9 billion, resulting in an earnings per share of PKR 33.79. A dividend of PKR 10 per share, marking a 100% payout for FY23-24, was declared.
The AGM highlighted PSO’s strategic vertical expansion through CERISMA (Private) Limited and PSO Renewable Energy. CERISMA, PSO’s fintech subsidiary, promotes digital financial inclusion nationwide, offering services in e-commerce and international payments. Meanwhile, PSO Renewable Energy is advancing solar projects, enhancing profitability, and supporting Pakistan’s renewable energy ambitions.
Shareholders commended PSO’s consistent growth, focus on innovation, and leadership in advancing Pakistan’s energy and financial sectors.
