Karachi: Pakistan State Oil Company Limited (PSO) has announced a change in its Board of Management today, following a notification from the Ministry of Energy (Petroleum Division). According to the notification dated August 12, 2025, Mr. Zafar Abbas has stepped down from his role as an ex-officio member of the Board of Management. His position will be filled by Mr. Usman Ahmed Chaudhry.

The announcement marks a shift in the management structure of PSO, an entity categorized under the designated market category. The decision, as outlined in the official notification, is part of the company's ongoing efforts to align with the directives from the Ministry of Energy.

According to information available from the Pakistan Stock Exchange (PSX), this change is part of a broader strategy to enhance governance and operational efficiency within the organization. The PSX, which tracks significant corporate movements, has noted this development as a key event within the energy sector.

Mr. Usman Ahmed Chaudhry, the newly appointed ex-officio member, brings with him a wealth of experience in the petroleum industry. His appointment is expected to contribute positively to the strategic objectives of PSO, as it continues to play a pivotal role in Pakistan's energy landscape.

The company's leadership transition comes at a time when the energy sector is undergoing significant changes, with PSO remaining a central player in meeting the country's energy demands.