Pakistan State Oil Company Limited (PSO) announced on Friday that it has approved the winding up of its wholly-owned subsidiary, PSO Venture Capital (Private) Limited (PSOVV).
According to a filing at the Pakistan Stock Exchange (PSX), the decision was made during a meeting of PSO’s Board of Management held on September 24, 2025.
“The Board of Management of Pakistan State Oil Company Limited, (“the Company”) in its meeting held on September 24, 2025, resolved to approve the winding up of the Company’s wholly-owned subsidiary, PSO Venture Capital (Private) Limited (“PSOVV”),” read the notice sent to the local bourse.
The process of winding up will follow the relevant legal frameworks, including the Securities and Exchange Commission of Pakistan’s (SECP) guidelines for company closures and the provisions of the Companies Act, 2017.
PSO’s management stated that the decision was taken as part of a strategic review, but did not provide additional details on the reasons behind the decision to dissolve PSOVV.
