Govt pledges energy sector modernisation

Federal Minister for Petroleum Ali Pervaiz Malik went to the head office of Pakistan State Oil on Friday, according to The Express Tribune, to review ways of protecting the domestic energy market. Talks centred on buying fuel abroad ahead of need, spreading supply sources over the long term and building up strategic stocks. Hamed Yaqoob Sheikh, the petroleum secretary, and Zafar Abbas, additional secretary for policy, joined him, and PSO chief executive Jawwad Ahmed Cheema received the delegation with senior managers.

The minister examined PSO's progress in energy security and retail modernisation, and praised the firm for keeping fuel supply running nationwide despite geopolitical pressures. Talks also touched on volatile fuel prices across the world and disruption to major sea routes. He pledged government backing for a market that puts consumers and economic stability first, and said storage expansion, digital tools, automation, supply chain strength and better customer service must all advance, with every stakeholder working toward a shared vision.

Cheema gave the minister a presentation on PSO's financial results, recent operational achievements and future plans. Cheema added that PSO, as the country's principal oil marketing company, aims to raise industry standards and supply dependable, lasting energy in support of Pakistan's growth.