Karachi: Pakistan State Oil Company Limited (PSO) has announced changes in its Board of Management, effective October 21, 2024. According to a notification sent to the Pakistan Stock Exchange, Awais Manzur Sumra has ceased to be a member of the board, and Sajjad Azhar has been appointed in his stead.

The announcement was made through a formal letter addressed to the General Manager of the Pakistan Stock Exchange Limited in Karachi. The document, dated October 23, 2024, specifies that Sajjad Azhar's appointment follows the cessation of Awais Manzur Sumra's term. The company has requested that the changes be communicated to the TRE Certificate Holders of the Exchange accordingly.

According to information available from the Pakistan Stock Exchange (PSX), this development is part of routine board management changes occurring within major publicly listed companies. The notification was signed by Ambreen Ali, acting as the Company Secretary for Pakistan State Oil Company Limited.

PSO is one of Pakistan's leading oil marketing companies, and changes in its management are closely watched by investors and market analysts, reflecting potential shifts in corporate strategy and governance.