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Data Encoding Analysis

PSO's vision is to excel as an innovative energy company that gets to the future first. Its mission is to provide high quality petroleum products and services through competitive advantage. PSO was formed in 1974 through the merger of two state-owned oil companies and further expanded through acquisitions. It has since undergone restructuring to improve operations, empower employees, and increase transparency. The board of management oversees committees on finance, auditing, human resources, and health, safety, and environment.

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Faraz Ahmed
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107 views5 pages

Data Encoding Analysis

PSO's vision is to excel as an innovative energy company that gets to the future first. Its mission is to provide high quality petroleum products and services through competitive advantage. PSO was formed in 1974 through the merger of two state-owned oil companies and further expanded through acquisitions. It has since undergone restructuring to improve operations, empower employees, and increase transparency. The board of management oversees committees on finance, auditing, human resources, and health, safety, and environment.

Uploaded by

Faraz Ahmed
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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Vision, Mission and Values:

Vision:
To excel in delivering value to customers as an innovative and dynamic energy company that gets to the future first.

Mission:
We are committed to leadership in energy market through competitive advantage in providing the highest quality petroleum products and services to our customers.

History:
The creation of Pakistan State Oil (PSO) can be traced back to the year 1974, when on January 1st; the government took over and merged Pakistan National Oil (PNO) and Dawood Petroleum Limited (DPL) as Premiere Oil Company Limited (POCL). Soon after that, on 3rd June 1974, Petroleum Storage Development Corporation (PSDC) came into existence. PSDC was then renamed as State Oil Company Limited (SOCL) on August 23rd 1976. Following that, the ESSO undertakings were purchased on 15th September 1976 and control was vested in SOCL. The end of that year (30th December 1976) saw the merger of the Premier Oil Company Limited and State Oil Company Limited, giving way to Pakistan state Oil (PSO). After PSO s inception, the corporate culture underwent a comprehensive renewal program which was fully implemented in 2004. This program over the years included the revamping of the organizational architecture, rationalization of staff, employee empowerment and transparency in decision making through cross functional teams. This new corporate renewal program has divided the company s major operations into independent activities supported by legal, financial, informative and other services. Inorder to reinforce and monitor this structural change, related check and balances have been established by incorporating monitoring and control systems. Human Resource Development became one of the main priorities on the company s agenda under this corporate reform.

Board of Management :

Mr. Jehangir Ali Shah Managing Director

Mr. Nazim F. Haji Chairman

Mr. Sabar Hussain Member

Mr. Malik Naseem Hussain Lawbar Member

Mr. Mahmood Akhtar Member

Mr. Osman Saifullah Khan Member

Mr. Hammayun Jogezai Member

Dr. Abid Qaiyum Suleri Member

Mr. Wazir A. Khoja Member

Board Committees:
Board Finance and Operations Committee
Chaiman Mr. Osman Saifullah Khan

Member Mr. Mahmood Akhtar

Member Mr. Sabar Hussain, Member

Secretary Ms. Ambreen Shah

Board Audit Committee:


Chairman Dr. Abid Qaiyum Suleri Member Mr. Sabar Hussain Members Mr. Osman Saifullah Khan Members Mr. Mahmood Akhtar Secretary Ms. Ambreen Shah

Board Human Resource Committee:


Chairman Mr. Malik Naseem Hussain Lawbar Member Mr. Wazir Ali Khoja Member Mr. Hammayun Jogezai Secretary Ms. Ambreen Shah

Board HSE Committee:


Chairman Mr. Nazim F. Haji Member Mr. Malik Naseem Hussain Lawbar Secretary Ms. Ambreen Shah

Awards & Accolades:

Principles of Corporate Governance:


Ensuring the Basis for an Effective Corporate Governance The Rights of Shareholders and Key Ownership Function The Rights of Shareholders and Key Ownership Function The Role of Stakeholders in Corporate Governance Disclosure and Transparency The Responsibilities of the Board

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