Pakistan Oilfields Limited (POL), one of the country’s leading oil and gas exploration and production companies, has elected Shuaib A. Malik as Chairman of its Board of Directors and reappointed him as the company’s Chief Executive Officer for another three-year term.
In a notice submitted to the Pakistan Stock Exchange (PSX), the company said its Board of Directors elected Malik as Chairman and approved his reappointment as Chief Executive with effect from June 27, 2026, for a term of three years.
The dual appointment reflects the board’s confidence in Malik’s leadership as the company continues to pursue its exploration, production and growth objectives in Pakistan’s upstream energy sector.
Pakistan Oilfields Limited is one of Pakistan’s oldest and largest exploration and production (E&P) companies. Established in 1950, it is part of the Attock Oil Group and is engaged in the exploration, drilling and production of crude oil and natural gas.
The company operates several producing fields across the country and plays a significant role in meeting Pakistan’s domestic energy requirements. POL is also recognized for its strong financial performance, consistent profitability and regular dividend payouts, making it one of the blue-chip companies listed on the Pakistan Stock Exchange.
The latest board decision ensures continuity in the company’s leadership as it focuses on expanding hydrocarbon production, enhancing operational efficiency and creating long-term value for shareholders.-ER News Desk
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