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PSO successfully convened its 48th AGM in Karachi.

Pakistan State Oil (PSO), the nation’s leading energy company, successfully convened its 48th Annual General Meeting (AGM) in Karachi. The meeting was chaired by the Chairman of the board of Management, Mr. Asif Baigmohamed. The Managing Director and CEO of PSO, Syed Taha, other board members, and senior management were also present.

PSO reinforced its market leadership, achieving impressive financial results for FY24. The company posted a gross revenue of PKR 3.8 trillion, with a profit after tax of PKR 15.9 billion, translating to earnings per share of PKR 33.79. A dividend of PKR 10 per share, equivalent to 100% for FY23-24, was declared.

The management briefed shareholders on vertical expansion initiatives through CERISMA (Private) Limited and PSO Renewable Energy. CERISMA, PSO’s fintech arm, drives nationwide financial inclusion through accessible digital services, expanding its e-commerce and international payments reach. Meanwhile, PSO Renewable Energy focuses on solar capacity expansion, bolstering profitability, creating new revenue streams, and contributing to Pakistan’s renewable energy growth.

Shareholders praised PSO’s consistent performance, strategic focus on innovation through vertical expansion, financial empowerment, and reinforced leadership in Pakistan’s energy landscape.

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