Trade Chronicle May June 2017

TRADE CHRONICLE
PSO sets in motion its “New
Convenience Retail Identity” for its
fuel stations, as part of its recent
initiatives towards continuous
improvement and transformation.
After taking the lead in introducing
high quality performance fuels,
Altron Premium, Altron X and
Action +diesel (Euro II), PSO
continues the journey of its Retail
business transformation by
rebranding its convenience retail
identity ”Shop Stop” to broaden
customer service scope. The Federal
Minister for Petroleum and Natural
Resources, Mr. Shahid Khaqan
Abbasi, inaugurated the first
remodeled facility at PSO's site, Al
Askar PSO Fuel Station, Karachi.
Commenting at the launch, Mr.
Shahid Khaqan Abbasi said, “The
i n i t i a t i v e i s r e f l e c t i v e o f
government's policies aimed at
bettering the lives of Pakistanis
through the provision of quality
products at competitive prices by
deregulating the market and
i n c r e a s i n g c o m p e t i t i v e
environment. In this scenario
Pakistan State Oil has played the
role of extraordinary leadership. It is
now continuously modernizing its
offerings and customer service
facilities in a highly competitive
environment. This is being
accomplished, despite the challenge
Federal Minister for Petroleum & Natural Resources inaugurates
PSO's “New Convenience Retail Identity” for its fuel stations
o f c i r c u l a r
d e b t ; m o r e
over PSO is
d e l i v e r i n g
extraordinary
g r o w t h i n
profit. PSO's
profit after tax
has grown by
2 0 8 %
compared to
last year. He
further added
that "MPNR is actively working
with the ministry of water and
power and the ministry of finance to
resolve the issue of power sector
outstandings of PSO so that, it can
expeditiously embark on its much
needed investment program to
i m p r o v e t h e s u p p l y c h a i n
infrastructure and enhance its role in
the mid-stream sector."
PSO MD, Mr. Sheikh Imran ul
Haque stated, “The inauguration of
this new identity of convenience
store is a part of the company's plans
to excel, not only in the fuelling
business but also to diversify its
non-fuel ventures”. He further
elaborated that “this launch will be
followed by more shops at other
outlets in July with the number
increasing every month thereafter.
This is one of the many steps that
contributes to the transformation of
PSO's retail business. It is also our
endeavor to ensure that during all
these changes, PSO remains true to
the foundations – to deliver
products and services that are
unparalleled in quality and
accessible to all Pakistanis at its
3600 + retail outlets.
Head of New Initiatives, Mr.
Murtaza Shaikh stated that “new
products and services at our fuelling
stations will be introduced
nationwide including remodeled
Shop Stops ,automated vending
machines, quick-service-restaurants,
financial solutions/services such as,
branchless banking and microinsurance
all under one roof. This all
are part of the company's drive
towards better serving the ever
increasing needs and demands of
customers.
Asif Ikram elected
MAP president
Management Association of
Pakistan (MAP) in its Executive
C o m m i t t e e m e e t i n g , h e l d
recently, elected Mr. Asif Ikram
a s t h e P r e s i d e n t o f t h e
Association for the year 2017-
18.
Mr. Amir Jamil Abbasi elected as
Vice President, Mr. Sarmad Ali as
H o n o r a r y
Secretary and
Mr. Talib S.
K a r i m a s
H o n o r a r y
Treasurer.
Syed Masood
Hashmi, after
s e r v i n g a s
Mr. Asif Ikram
President for (President – MAP)
t w o y e a r s ,
stepped down.
However, he would continue to
Mr. Amir Jamil Abbasi
(Vice President – MAP)
Mr. Sarmad Ali
(Honorary Secretary – MAP)
serve on the Board of the
Association.
TRADE CHRONICLE - May.~Jun. 2017 - Page # 16