PSO to Wind Up Its Wholly-Owned Subsidiary

The Board of Management of Pakistan State Oil Company Limited (PSO) has approved the winding up of its wholly-owned subsidiary, PSO Venture Capital (Private) Limited (PSOVc). The decision was made during a board meeting held on September 24, 2025, and was disclosed to the Pakistan Stock Exchange on Friday. According to the official notice, the winding-up process will be carried out in accordance with all applicable laws, including the Securities and Exchange Commission of Pakistan’s (SECP) guidelines and the Companies Act, 2017. PSO Venture Capital was originally established to operate as a private fund management company, providing private equity and venture capital fund management services. The company will now proceed with the formal winding-up process as per regulatory requirements. The subsidiary was established as part of PSO’s diversification strategy, aimed at expanding its business beyond traditional oil, fuel marketing, and refining operations.