Karachi: Pakistan State Oil Company Limited announced a change in its Board of Management, according to a notification from the Ministry of Energy (Petroleum Division). The notification, dated May 5, 2025, was received by the company on May 6, 2025. Mr. Zafar Abbas has been appointed as a new member of the Board of Management, replacing Mr. Hassan Mehmood Yousufzai. The change comes after Mr. Yousufzai's nomination was withdrawn on April 17, 2025, as referenced in a Pakistan Stock Exchange (PSX) notice with Post-ID 251362.

According to information available from the Pakistan Stock Exchange (PSX), the transition on the board aims to fill the casual vacancy created by the withdrawal of Mr. Yousufzai's nomination. This development is of interest to stakeholders in the designated market category, as it indicates a shift in the management structure of one of the key players in the region's energy sector.

The company has requested that the TRE Certificate Holders of the Exchange be informed of this board change in accordance with the regulatory requirements. The appointment of Mr. Abbas is expected to be a focal point for upcoming strategic initiatives within the company.