Karachi: Pakistan State Oil Company Limited (PSO) has announced a change in its Board of Management, effective immediately. According to a report dated October 21, 2026, Syed Imtiaz Hussain Shah has been appointed as the new ex-officio member of the board, replacing Dr. Muhammad Fakhre Alam Irfan. This transition follows Notification No. 5(6)-2008-CA-I-P-004-0001, issued by the Ministry of Energy (Petroleum Division) and received by PSO on the evening of October 20, 2026.

The change in the Board of Management marks a significant shift in the governance structure of the Pakistan State Oil Company Limited, a critical player in the country's energy sector. This development comes amid ongoing efforts to strengthen the management and operational capacities of the company.

According to information available from the Pakistan Stock Exchange (PSX), PSO is a key entity under the designated market category, and such leadership changes are closely monitored by investors and stakeholders in the energy market. The PSO's announcement did not specify the reasons for the replacement, but it highlights the ongoing adjustments within the company to align with national energy objectives.

The Ministry of Energy's notification is part of a broader strategy to ensure effective management within state-owned enterprises, enhancing their contribution to Pakistan's energy sector. The appointment of Syed Imtiaz Hussain Shah is expected to bring new perspectives and expertise to the board, aligning with the company's strategic goals.