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PSO is one of the few Pakistani firms that can share its experience and information with global players in the realms of business, technology, and politics through the World Economic Forum (WEF), an independent international organisation that integrates business leaders, academia and diplomats to address key economic, political and social issues on global and regional agendas.
PSO's radical and successful corporate transformation has also been widely appreciated at various international fora and by world's leading consulting and financial advisory firms, including J. P Morgan, who in their Information Memorandum acknowledged the significant progress made by PSO towards putting in place the basic framework for corporate reform in line with the modern concepts and practices. This includes streamlining the investment planning process, developing a model for business-wise and product-wise profitability analysis and developing a comprehensive corporate plan.
PSO has been invited to become a member of the World Business Council for Sustainable Development (WBCSD), a coalition of 175 international companies united by shared commitment to sustainable development. Membership of the Council is only offered to distinguished companies of high repute and recognition. Members of WBCSD include Coca-Cola Company (USA), General Motors Corporation (USA), ChevronTexaco Corporation (USA), Royal Dutch/Shell Group of Companies (The Netherlands/UK) and ABN AMRO Bank N.V. (The Netherlands).
WBCSD is widely recognised as the pre-eminent contributor to solutions, and as a trusted partner of governments, NGOs and other stakeholders.
Not only that, PSO has received a unique global accolade by obtaining the top advisory position at the World Business Council for Sustainable Development (WBCSD), Geneva, Switzerland. This position provides international prestige for Pakistan, corporate image enhancement for PSO, and exposure to best international practices. PSO has also become the first company in Muslim world to have its CEO on Business Role Focus Areas Core Team (FACT).
PSO has been bestowed with yet another honour - the Strategic Leadership Award. For this award PSO was selected from 80 top companies, many of them multinationals. The Strategic Leadership Award, jointly introduced by Allama Iqbal Open University and Commonwealth of Learning, is based on evaluation of strategic leadership of the companies operating in Pakistan. While the award has been given in recognition of impressive performance by the company, the evaluators were overwhelmed with the "most radical corporate transformation" at PSO.
PSO's corporate transformation and business system re-engineering has attracted the study interest of one of the most renowned and highly respected management experts in the world, Professor Roderick Martin.
PSO has qualified for the Workers Employers Bilateral Council of Pakistan-Alliance Against Sexual Harassment (WEBCOP-AASHA) Recognition Award for Gender Sensitive Management. The award has been introduced in order to recognise the management and trade unions of industrial and business organisations that have adopted the code of conduct for conducive working environment. The award, introduced in 2002, is given to 10 organisations each year who have either introduced or working with environment free from gender harassment and discrimination.
The Pakistan Credit Rating Agency (PACRA) has maintained PSO's long-term and short-term ratings at "AAA"(Triple A) and "A1+" (A One plus), respectively. These ratings denote the lowest expectations of credit risk emanating from an exceptionally strong capacity for timely payment of financial commitments. These are the best ratings in PACRA's rating scale.

Copyright Business Recorder, 2007

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