Pakistan Oilfields Limited (POL) has appointed Shuaib A.
Malik as chairman, while also reappointing him as chief executive officer for a three-year term.
The dual appointment consolidates leadership at the state-owned energy producer during a period of significant operational and financial stress for the country's oil marketing and refining sector.
The leadership change arrives as industry representatives warn of a severe liquidity crisis triggered by the government's unilateral cuts to fuel prices.
These policy moves have created substantial losses for operators, complicating the financial outlook for companies like POL that are central to the nation's energy supply chain.
The appointment follows a shift in sentiment toward Pakistan's sovereign debt, with Barclays recently upgrading its rating on the country's dollar-denominated bonds to overweight.