KARACHI: Having taken charge as the new Managing Director of Pakistan State Oil (PSO), the nation's leading energy company, Amjad Parvez Janjua held a communication meeting with company employees at the PSO Head Office.
A statement here on Tuesday said that having served as Managing Director of Asia Petroleum Limited (APL), Executive Director and Senior General Manager at PSO, Janjua spoke candidly to the employees and emphasised the fact that the Company had to "get back to the basics," focus on its core strengths as an Oil Marketing Company (OMC) and build on its core competencies to undertake business diversification and growth initiatives.
It said that at the onset of the meeting, Amjad Janjua highlighted PSO's strengths which include being the nation's leading public sector company having a well established infrastructure, a wide-spread retail network and a dominant position in a majority of the product markets.
Outlining the competitive landscape, he added that PSO cannot afford to be complacent and has to respond effectively to present and future business challenges based on professionally trained, high quality and motivated workforce.
During the briefing the Managing Director stated that PSO's competitive advantage lies in the provision of high quality products and services to its customers based on innovation, creativity, continuous improvement, team work, low cost operations and assured access to long-term and cost effective supply sources.
He also emphasised the need for legal and regulatory compliance, enhancing corporate image, team work and commitment to the Company's vision, mission and values.
The Managing Director presented a loud and clear message that management will exercise policy of zero tolerance against corruption and violation of company values and code of conduct.
Underscoring the need for cost efficiency, he advised managers to devise and implement the spending review and rationalisation plans for their respective departments along with related monitoring mechanism.
He further stated that responsibility comes with accountability hence departmental heads have to ensure system of checks and balances in their respective functions.
With respect to the employees, the Managing Director said that each and every staff member needs to play their due role for the future progress of the Company.
For this purpose, each employee needs to work harder and take responsibility for their actions.
The employees welcomed Janjua on his new assignment and pledged their support for the success of the Company.
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