The Board of Management of Pakistan State Oil Company Limited (PSO) has approved the abolition of its full -owned subsidiary, PSO Venture Capital (Private) Limited (PSOVC).
The decision was made during the board meeting hero on September 24, 2025, and was revealed on the Pakistan Stock Exchange on Friday.
According to the official notice, the process of shaping will be done in accordance with all applicable rules, including the Securities and Exchange Commission of Pakistan (SECP) guidelines and companies Act, 2017.
The PSO Venture Capital was actually established to act as a private fund management company, which provides private equity and venture capital fund management services. The company will now move forward with the formal summary process as per regular requirements.