Pakistan State Oil (PSO) and Wall Street Exchange Company (WSE) have entered into an agreement whereby WSE will be establishing payment booths/branches at selected PSO retail outlets located throughout the country. Through this venture, both PSO and Wall Street will facilitate disbursement of home remittances to a large population through PSO retail outlets that shall prove to be a safe, convenient and an easily accessible option to meet their financial needs.

According to a press release issued here on Friday, the said agreement was signed at a ceremony at PSO House on January 20, 2010 by PSO's Executive Director, Finance and Information Technology, Yacoob Suttar, and Managing Director, Wall Street Exchange, Abdul Majeed Siddique. ED-Finance & IT, Yacoob Suttar welcomed PSO's joint venture with Wall Street and stated it as a great initiative in the direction of making PSO's retail outlets one-stop shops for the masses.-PR

Copyright Business Recorder, 2010