PSO in Talks with Government for Strategic Acquisitions

Pakistan State Oil (PSO) is currently in talks with the government to develop a strategy aimed at acquiring shares in state-owned energy enterprises. This initiative is primarily focused on addressing the mounting debt owed to PSO by various entities, including the national airline.

PSO's discussions also involve exploring the potential acquisition of ownership stakes in financially viable public sector corporations such as the Oil and Gas Development Co (OGDC). By diversifying its investment portfolio through these acquisitions, PSO aims to bolster its position in the energy sector and enhance its financial stability.

PSO, as the largest oil marketing company in Pakistan, plays a crucial role in ensuring the country's energy security. Over the years, PSO has faced challenges related to outstanding payments from different entities, leading to financial strain. The proposed strategy to acquire shares in state-owned energy enterprises is a proactive step by PSO to mitigate these financial risks and strengthen its market position.

As PSO continues its discussions with the government and explores opportunities to expand its ownership in key public sector corporations, the company is positioning itself for long-term growth and sustainability in the energy sector. By strategically diversifying its investments and addressing financial challenges, PSO is demonstrating its commitment to enhancing energy security and contributing to the economic development of Pakistan.