‘Not just an OMC’: how PSO carving its path amid energy transition

Designed by Yasmeen Lari, one of Pakistan’s foremost architects, the PSO House in Karachi glimmers under the blistering sun. Inside the 10-storey glass-clad structure, hundreds of its employees could be seen working to carve out a new path for the oil marketing company (OMC) as it seeks to navigate a rapidly evolving energy transition. Established in 1976, following the merger of Premier Oil Company Limited (POCL) and State Oil Company Limited (SOCL), the country’s largest OMC, Pakistan State Oil (PSO), remains a vital cog in the country’s energy infrastructure. The listed company recorded a profit-after-tax (PAT) of Rs12.1 billion for the first half of the fiscal year 2025-26 (1HFY26) ended December 31, 2025, and maintained its leadership in the country’s white oil segment with a 42.2% market share, along with its near-total dominance in Pakistan’s aviation sector with a 99% market share in the jet fuel segment.