PSO Commercial Card
The PSO Commercial Card is designed to complement an organization’s commercial fuelling requirements, enabling it to claim input of Sales Tax from the FBR via issuance of a GST Invoice. The Commercial Cards is issued in the organization’s name and it can be used for the purchase of Premier XL, Diesel, Hi-Octane and Ethanol-10.
Customizable features of Smart Commercial Card
- Product wise configuration of the card (Petrol, HOBC, Diesel, and Lubricants)
- Controls such as limiting the card to daily, weekly, monthly or yearly usage.
- Product wise limit option
- Limit transaction frequency in a day
- Restrict card usage to specific days
- Restrict card to all PSO outlets, specific outlets or geographical location
Benefits of PSO Chip based Commercial Cards
- Economy in fuel expenditures
- Advantage of pre-approved credit limit
- Product - wise summary of each card
- Ability to maintain controls such as limiting the card to daily, weekly or monthly usage.
- Separate GST Invoice is issued with monthly bill of Commercial Cards Accounts
- Advantage of pre-approved credit limit
- Reduces risk of cash-handling
- Elimination of paper work as well as cumbersome reconciliation at organizations
- Two dedicated help lines, Ta'aluq care line (from 8:00 am to 11:00 pm) and ORIX help line (24/7) to serve you.
How to Apply
In order to apply, kindly follow the below mentioned steps:
- Fill in a new account opening form and get it signed and stamped by an authorized signatory - the forms are available at all PSO offices and may also be downloaded from our corporate website.
- Attach the requisite documents (listed below) along with account opening form:
- Valid CNIC/SNIC of authorized signatories and Corporate Card applicants
- Account opening request on company letter head
- Copy of STN and NTN certificate
- Commercial Undertaking
- Bank reference letter
- Letter of Authority' from the Head of Organization in favor of the Authorized Signatories dealing with PSO on behalf of that organization. In case of GoP-Clients, an official notification of Appointment as Drawing & Disbursement Officer (DDO) or similar Authorization Letter would be required
- Submit the new account opening form along with requisite documents at our Head Office or Regional offices.
For further information, please call on our toll-free number 0800-03000.
How much does it cost?
PSO Fleet & Corporate Card is available for our customers at a minimal cost:
- First time application-processing charges per card - Rs. 250/-
- For the issuance of a replacement (lost or damaged card) Rs. 250/- will be charged
- Renewal of a card is free of cost
- A nominal service charge of 1.65% on monthly consumption will be charged each month
- A late payment surcharge of 2% is applicable