Files with .PST extension represent Outlook Personal Storage Files (also called Personal Storage Table) that store variety of user information. User information is stored in folders of different types that include emails, calendar items, notes, contacts, and several other file formats. PST files are used for archiving emailing data offline that can be later loaded and viewed in various applications.
HTML (Hyper Text Markup Language) is the extension for web pages created for display in browsers. Known as language of the web, HTML has evolved with requirements of new information requirements to be displayed as part of web pages. The latest variant is known as HTML 5 that gives a lot of flexibility for working with the language. HTML pages are either received from server, where these are hosted, or can be loaded from local system as well.
You can also convert PST into many other file formats. Please see the complete list below.