Extension in Contract of Managing Director and Chief Executive Officer of Pakistan State Oil Company Limited.

Karachi -- Pakistan State Oil Company Limited informed Pakistan Stock Exchange that the Federal Government has approved extension in the contract period of the Company's Managing Director and CEO Syed Muhammad Taha for a period of three years with effect from February 26, 2023.

The announcement is available at:

https://dps.psx.com.pk/download/document/204595.pdf

Pakistan State Oil Company Limited is a public company incorporated in Pakistan in 1976. The principal activities of the Company are procurement, storage and marketing of petroleum and related products. It also blends and markets various kinds of lubricating oils.

The creation of Pakistan State Oil can be traced back to the year 1974, when on January 1st; the government took over and merged Pakistan National Oil and Dawood Petroleum Limited as Premiere Oil Company Limited.

On 3rd June 1974, Petroleum...