Karachi: Pakistan State Oil Company Limited (PSO) announced a change in its Board of Management, according to a notification from the Ministry of Energy (Petroleum Division). Effective April 24, 2025, Mr. Asad Rehman Gilani has ceased to be a member of the board. Dr. Muhammad Fakhre Alam Irfan has been appointed as the new member in his place.

The company has requested that the TRE Certificate Holders of the Exchange be informed of this development. The change was communicated through Notification No. 5(6)/2008-CA-|.

The Pakistan State Oil Company, which operates in the designated market category of energy, has notified relevant stakeholders of this transition. According to information available from the Pakistan Stock Exchange (PSX), such changes are part of routine corporate governance practices.

The announcement did not specify the reasons behind the change in the board membership, nor did it provide details about the tenure or the expected contributions of Dr. Muhammad Fakhre Alam Irfan in his new role.