Dynamic growth is the concept which forms the core of the company’s heart and soul. Keeping this in view PSO’S new MD & CEO, Mr. Naeem Yahya Mir has developed a vision for the future of the state-owned giant.
for the right jobs. He plans to empower the senior cadre to make decisions and own their respective projects and departments.
Mir has a strong belief in merit and his benchmarks for success include intelligence, hard work and a determination to get results. With this in mind, he has proposed the implementation of IQ tests to be made a mandatory part of all hiring and promotion tests to filter employees and allow their grooming for future positions. He is also implementing a teambased environment at PSO, which would change the performance appraisal process in a manner that team results are given 80 percent weightage rather than reliance on only individual success and achievements.
The PSO management is moving confidently ahead. Through implementation of this outlined strategy they plan to not only maintain the company’s leadership position in the local energy sector, but also hope to reach new heights in the global energy market. The Board of Management has assured its full support to the new Managing Director so that PSO continues to lead in driving the nation’s economy and meeting the energy needs of the country in a responsible and timely manner.
PSO has also carried out several innovations in the field of Non- fuel retail services at its retail outlets including the launch of Auto Car Wash Service, ATMS and Self-service Banking Centres and convenience stores known as Stop Shops. The company was also the first to introduce fuel cards in the Pakistani market and currently has the largest base of fuel card customers across the nation.
Uninterrupted Supplies 24/ 7
Despite being cash strapped due to non-payments from the power sector, Pakistan State Oil has played a pivotal role in energizing the nation by ensuring uninterrupted and continuous fuel supply to energy producers. Even in the face of rising circular debt and mounting liquidity issues, PSO delivered on its promise to provide for the nation in a responsible manner by providing over 32,000 MTS of furnace per day to power plants located across the country.
Even during the devastating floods of 2010 and monsoon rains of 2011, PSO deployed its resources in a timeconscious manner and provided uninterrupted fuel supplies to the affected areas. Not only this, PSO kept its 3300 retail outlets operational while carrying out maintenance and repair work to revive affected outlets in floodaffected areas.
With its inherent strengths and the government’s support, PSO continues to play a vital role in the national economy. Providing for the needs of the country at every turn, the company sells product in times of crisis, provides a means of livelihood for thousands and supports the national economy by being one of the largest tax payers in the country. No wonder, the Company’s name has become synonymous with nation- building and community improvement.