Pakistan State Oil Co. Ltd. Announces Dividend Increase, Signaling Strong Performance

Business & Finance

Karachi, Pakistan State Oil Co. Ltd. (PSO), the largest state-owned oil and gas company, has declared an increase in its dividend to 100%, up from 75% in the previous year, following an impressive earnings per share of 137 for 2022/2023. Established in 1977 and listed on the Pakistan Stock Exchange, PSO has a substantial paid-up capital of Rs. 4,694.73 million. The company’s share price settled at Rs. 180.37, with a daily weighted average of Rs. 179.66, underscoring its dominant position in the industry and financial robustness.