PSO Denies Plans to Buy Telenor Pakistan

As of late, the news ran over that Pakistan State Oil Organization Restricted (PSO) is showing interest in securing Telenor Pakistan. Yet at this point, the most recent report uncovered that PSO denied ongoing news reports proposing that it intends to purchase Telenor Pakistan.

As per an assertion delivered by PSO, the organization has no interest or want in procuring Telenor’s organizations in Pakistan.

Then again, PSO didn’t totally excuse the chance of thinking about an obtaining of Telenor’s Simple Paisa versatile installment stage. In any case, the organization explained that it has not yet made any substantial strides in such manner. Nonetheless, the organization will share any data as and when things emerge.
The news story, which was distributed on paper media on February 28, 2023, asserted that PSO was wanting to direct expected level of effort on Telenor’s activities in Pakistan.

In any case, PSO has completely denied these cases, expressing that it has not made any clear strides regarding Telenor’s portable tasks in Pakistan.
Telenor Pakistan is a media communications organization, which offers portable administrations and versatile monetary administrations in the country. Then again, PSO is a main oil promoting organization in Pakistan, with a solid presence in the energy area.

Pakistan State Oil

Pakistan State Oil (قومی تیل پاکستان); detailing name: PSO) is a Karachi-based Pakistani state-claimed petrol company engaged with promoting and dissemination of petrol products. It has an organization of 3,689 oil filling stations, out of which 3500 outlets serve the public retail area and 189 outlets serve discount mass clients. Pakistan State Oil is Pakistan’s biggest fuel showcasing organization.

PSO controls a piece of the pie of more than 60% of the complete oil market with client portfolio including vendors, government organizations, independent bodies, free power projects and other corporate clients. It is engaged with import, capacity, dispersion and showcasing of a scope of oil based commodities including gas, diesel, fuel oil, fly fuel, LPG, CNG and petrochemicals.

It was established on December 30, 1976, after Pakistan’s administration assumed control over the administration of Pakistan Public Oil (PNO) and Dawood Petrol Restricted, Esso Eastern and renamed into POCL (Chief Oil Organization Restricted) for advertising of Oil based goods. PSO is the primary public organization in Pakistan to pass the PKR 1 trillion income mark. Pakistan State Oil has been an individual from the renowned World Financial Discussion since 2003.Its essential posting is on the Pakistan Stock Trade.

Telenor Pakistan

Telenor Pakistan (Pvt.) Restricted (Urdu: ٹیلی نار پاکستان) is the second biggest cell and computerized administrations supplier in Pakistan possessed by Telenor Gathering, which is a global supplier of voice, information, content and versatile correspondence administrations in 9 business sectors overall in Scandinavia and Asia. Telenor began as a public organization in 1855. Irfan Wahab Khan is the ongoing President of Telenor Pakistan since August 2016.

Telenor obtained a permit for giving GSM administrations in Pakistan in April 2004, and sent off its administrations economically in Karachi, Islamabad, and Rawalpindi on 15 Walk 2005; it extended its administrations to Lahore, Faisalabad and Hyderabad on 23 Walk 2005. Telenor Pakistan’s corporate base camp are in Islamabad, with local workplaces in Peshawar, Lahore, Faisalabad, Multan, Hyderabad, Quetta and Karachi.

Right now, Telenor Pakistan has a complete supporter base of 49 million with 26% cell piece of the pie in Pakistan and in excess of 1,300 representatives. Since its send off in 2005, the organization has made a venture of more than $5 billion.