Altruist
Minister (2k+ posts)
Oil Giant Shell Plans to Exit Pakistan After 75 Years
Is Total Parco next to leave?This is just a start.
Try all those responsible for this meltdown
in military courts ....
What duffer Ishaq Dar,
whose only qualification is that he is the father-in-law of Nawaz's daughter,
has to say about the current economic condition of the country?
Try all those responsible for this meltdown
in military courts ....
What duffer Ishaq Dar,
whose only qualification is that he is the father-in-law of Nawaz's daughter,
has to say about the current economic condition of the country?
Shell Pakistan (SHEL.PSX) said on Wednesday that its parent company, Shell (SHEL.L) unit Shell Petroleum Company, would be exiting Pakistan with the sale of its 77% shareholding in the local business.
The move came after Shell made several announcements about its global operations and after Shell Pakistan (SPL) suffered losses in 2022 due to exchange rates, the devaluation of the Pakistani rupee, and overdue receivables, and as the country faces a financial crisis and economic slowdown.
www.reuters.com
www.bloomberg.com
The move came after Shell made several announcements about its global operations and after Shell Pakistan (SPL) suffered losses in 2022 due to exchange rates, the devaluation of the Pakistani rupee, and overdue receivables, and as the country faces a financial crisis and economic slowdown.

Shell to exit Pakistan unit with sale of shares
Shell Pakistan said on Wednesday that its parent company, Shell unit Shell Petroleum Company, would be exiting Pakistan with the sale of its 77% shareholding in the local business.

Shell Plans to Sell Stake in Pakistan Unit Amid Economic Crisis
Shell Plc has decided to exit Pakistan in a setback for the South Asian nation that is going through its worst economic crisis.

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