Pakistan State Oil Company Limited (PSO) has clarified a news item published in Business Recorder on July 07, 2008 under the caption "Ministry seeks ECC nod to shutdown 19 PSO depots". In a clarification PSO said that the proposed reduction in the number of depots is aimed at increasing operational efficiency by reducing expenses.
As a matter of fact with the reduction in the number of depots, a substantial operational activity will be generated in and around these 11 depots, which will require investment in shape of transport, infrastructure and allied activities. Resultantly not only the existing employees will be adjusted but there will be more job opportunities to cater to substantial increase in operational activities.
In addition to the above, the reduction in depots will eliminate any misuse of the existing Freight Equalisation Margins which will save taxpayers' money and benefit national exchequer.
It is estimated that due to the said reduction in depots, government of Pakistan will be able to save approximately Rs 1.6 billion annually. "We wish to reiterate our commitment to keep the wheels of economy moving forward even in difficult situations in the best national interest", it added.-PR