KARACHI: Pakistan State Oil Company Limited (PSO) has declared profit after tax of Rs10.3 billion for FY2016, as compared to Rs6.9 billion of FY’15.
At its 40th annual general meeting (AGM) held at a local here Friday with PSO managing director and CEO Sheikh Imran Ul Haque in the chair, the shareholders approved the company’s financial statements along with a final cash dividend of Rs7.5 per share (equivalent to 75%).
On this occasion, the management apprised the shareholders about the new initiative of government of Pakistan and Ministry of Petroleum and Natural Resources (MNPR). PSO shall be complying with the new standards and shall introduce higher RON grades petrol in the country. The management also highlighted that corporate social responsibility (CSR) is an integral part of PSO’s overall mission.
Initiatives undertaken by PSO in the fields of education, healthcare, environment and community development were briefly mentioned. Shareholders also stressed upon giving back to the society.
