Karachi: The Federal Government has reconstituted the Board of Management of Pakistan State Oil Company Limited (PSO), appointing Mustafa Ramday as Chairman and Independent Director for a three-year term, effective immediately. Mr. Ramday, who brings extensive experience in law related to constitutional, commercial, and energy sectors, has committed to serving in an honorary capacity, foregoing all directors' fees and work-related expenses.

According to Pakistan State Oil, Mr. Ramday, an Advocate of the Supreme Court of Pakistan and a former Advocate General of Punjab, has advised on significant projects such as the China-Pakistan Economic Corridor and other energy-sector initiatives. He has also represented key entities in international arbitration. His legal expertise is recognized by Chambers & Partners, which ranks him in the top tier for dispute resolution and litigation in Pakistan.

The reconstituted Board of PSO includes a mix of independent and ex-officio directors, comprising Mr. Muneeb-ul-Haq, Mr. Aftab Hussain, Mr. Imtiaz Hussain Kazi, Ms. Saira Shahid Hussain, and representatives from the Petroleum, Power, and Finance Divisions, as well as the CEO of Pakistan LNG Limited. PSO's management and employees have expressed their support for Mr. Ramday and the new Board, anticipating their leadership in enhancing corporate governance, transparency, and accountability, and in fulfilling the company's mission to meet the nation's energy needs.