‘... we can grow to a ten tril­lion com­pany’

So­hail Wa­ja­hat, Chair­man, Board of Man­age­ment, Pak­istan State Oil

Enterprise - - Front page -

Aus­tralia A$ 6 Bangladesh Taka 65 Bhutan NU 45 Burma KK a10 Canada C$ 6 China RMB 30 France Fr 30 Hong Kong HK$ 30 In­dia Rs. 65 Ja­pan ¥ 500 Korea Won 3000 Malaysia RM 6 Mal­dives Rf 45 Nepal NcRs. 75 New Zealand NZ$ 7 Pak­istan Rs. 100 Philippines P 75 Saudi Ara­bia SR 15 Sin­ga­pore S$ 8 Sri Lanka Rs. 100 Thai­land B 100 UAE AED 10 UK £3 USA $ 4.99

PSO is Pak­istan’s first com­pany to have achieved rev­enue lev­els in the tril­lion ru­pee range. The com­pany has suc­ceeded in achiev­ing this ma­jor mile­stone de­spite the se­ries of chal­lenges it has faced over the past year. For in­stance, the in­dus­try’s vol­umes for Black Oil are re­ported to have re­duced by 8%, whereas, White Oil has grown by 4%, re­flect­ing an in­crease in PMG con­sump­tion of 22% while a de­cline of 1% was recorded in HSD de­mand. In spite of re­duc­tion in mar­ket size of HSD, PSO has suc­ceeded in in­creas­ing its mar­ket share from 54.9% to 56%. PSO has also con­tin­ued its over­all dom­i­na­tion of the mar­ket with its share in the Black Oil and White Oil seg­ments stand­ing at 78.2% and 55.1%, re­spec­tively, thereby con­tribut­ing to an over­all mar­ket share of 65.4%.

The Chair­man of the Board of Man­age­ment of PSO, Mr. So­hail Wa­ja­hat Sid­diqui has thanked ev­ery­one at PSO for their pos­i­tive con­tri­bu­tion to the com­pany’s suc­cess as he be­lieves it is their ded­i­ca­tion to ex­cel­lence that has made the PSO brand im­age shine brighter in the mar­ket­place.

Mr. Sid­dqui is of the view that the abil­ity to reach one’s po­ten­tial and over­come chal­lenges lies within each in­di­vid­ual and they must there­fore main­tain a pos­i­tive at­ti­tude that al­lows them to cel­e­brate each win as a vic­tory and each set­back as an op­por­tu­nity to learn and de­velop. They must ac­cept per­sonal re­spon­si­bil­ity for their daily ac­tions and rec­og­nize that each one of them is ei­ther part of the prob­lem or part of the so­lu­tion and that ul­ti­mately the choice is of the in­di­vid­ual.

Mr. Sid­diqui has urged ev­ery­one at PSO to re­mem­ber the num­ber 526,600 be­cause, at the be­gin­ning of the new fis­cal year, ev­ery­one is given the same pre­cious gift – 526,600 min­utes - no one re­ceives more, no one re­ceives less. It is the one great com­mon de­nom­i­na­tor for all and how each per­son in­vests these min­utes pro­vides the an­swers to the com­pany’s growth.

The best peo­ple in busi­ness, Mr. Sid­diqui says, have learned how to take full ad­van­tage of each minute. They lead – and live – with a pos­i­tive at­ti­tude, hold them­selves ac­count­able for top­notch re­sults and con­tin­u­ally work to im­prove ev­ery sin­gle day. They shore up their weak­nesses, lead by ex­am­ple and un­der­stand that they must live in the present to make the most of ev­ery­thing they do. He says all those work­ing at PSO will have a lot of op­por­tu­ni­ties this year. Though there will also be ob­sta­cles along the way but, in the end, the mea­sure of suc­cess will be a di­rect re­flec­tion of how ev­ery­one have used their min­utes and how much of them­selves they are will­ing to in­vest be­cause the com­pany’s suc­cess de­pends on close TEAM­WORK.

Mr. Wa­ja­hat says ev­ery­one should guard against wast­ing en­er­gies in any kind of con­flict and in­stead uti­lize them to move ahead. In this con­text, he quotes the British mu­si­cian Brian Eno, who says: “I have lived in coun­tries that were com­ing out of con­flict: Ire­land, South Africa, the Czech Repub­lic. Peo­ple there are over­flow­ing with en­ergy”.

Mr. Sid­diqui says this is the en­ergy that was pre­vi­ously wasted in con­flicts and is now be­ing used to build those coun­tries. Con­flict and Cri­sis Man­age­ment are the key words. As a way for­ward to­wards achiev­ing suc­cess, the PSO Chair­man Board of Man­age­ment, of­fers the con­cept of the ‘Prism of Suc­cess’, based on guide­lines com­pris­ing Peo­ple, Process, Pro­duc­tiv­ity, Growth, Cost, Cash, Profit, and Planet.

As a com­pany and in times when re­ces­sion and ad­verse eco­nomic con­di­tions are strik­ing

Newspapers in English

Newspapers from Pakistan

© PressReader. All rights reserved.