native name type public traded as kse pso industry oil and gas founded january 1 1974 1974 01 01 ; 30 december 1976 as pso headquarters karachi pakistan area served pakistan key people imran ul haque managing director and ceo mujahid eshai chairman products motor gasoline mogas high speed diesel hsd furnace oil fo jet fuel jp 1 kerosene cng petrochemicals and lubricants revenue u.s. 14 billion 1.4 trillion pkr 2014 operating income u.s. 408 million 42.0 billion pkr 2014 profit u.s. 212 million 21.8 billion pkr 2014 total equity 100 billion pkr 2014 number of employees 3 000 subsidiaries list asia petroleum limited pak grease co. limited website www.psopk.com pakistan state oil urdu ; reporting name pso is a karachi based pakistani state owned multinational petroleum corporation involved in marketing and distribution of petroleum products . it has a network of 3 689 filling stations out of which 3 500 outlets serve the retail sector and 189 outlets serve bulk customers . it controls a market share of over 60 % of the total oil market with customer portfolio including dealers government agencies autonomous bodies independent power projects and other corporate customers . it is involved in import storage distribution and marketing of a range of petroleum products including gasoline diesel fuel oil jet fuel lpg cng and petrochemicals . it was founded on december 30 1976 after pakistan s government took over the management of pakistan national oil pno and dawood petroleum limited and renamed into pocl premier oil company limited under marketing of petroleum products . pso is the first public company in pakistan to pass the pkr 1 trillion revenue mark . its primary listing is on the karachi stock exchange and it is a constituent of the kse 30 index . pso has been named among the forbes global 2000 continuously over the years . its revenues in 2014 stood at pkr 1 410 billion 14 billion and after tax profit stood at pkr 21.8 billion 210 million . the company s market capitalization is greater than pkr 100 billion . history edit main article first phase nationalization programme the creation of pakistan state oil pso can be traced back to the year 1974 when on january 1 ; the government took over and merged national oil pno and dawood petroleum limited dpl as premiere oil company limited pocl . soon after that on 3 june 1974 petroleum storage development corporation psdc came into existence . psdc was then renamed as state oil company limited socl on august 23 1976 . following that the esso undertakings were purchased on 15 september 1976 and control was vested in socl . the end of that year 30 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 . due to this effective implementation of corporate reform and consistent application of the best industrial practices and business development strategies pso has been able to maintain its market leadership in a highly competitive business environment . 1 external links edit official website pso annual report 2014 http psopk.com investors pdf pso annual report new 2014.pdf imran ul haque appointed ceo http tribune.com.pk story 879417 at the helm engro elengys haque takes up reins of pso references edit history of pso retrieved from https en.wikipedia.org w index.php title pakistan state oil & oldid 732202672 categories automotive fuel brandscompanies based in karachi districtcompanies listed on the karachi stock exchangeeconomy of karachinational oil and gas companiesoil and gas companies of pakistangovernment owned companies of pakistanenergy companies established in 1974non renewable resource companies established in 1974pakistan federal departments and agenciespakistani brandshidden categories pages using infobox company with unsupported parametersarticles containing urdu language text navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages fran aissimple english edit links this page was last modified on 30 july 2016 at 09 19 . text is available under the creative commons attribution sharealike license ; 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