Shell Petroleum company plans to exit Pakistan market

News Image

MG News | June 14, 2023 at 01:12 PM GMT+05:00

0:00

June 14, 2023 (MLN): Shell Petroleum Company Limited (SPCo) has notified the Board of Directors (BoD) of Shell Pakistan Limited (PSX: SHEL) of its intent to sell its shareholding in SHEL, the company filing on PSX showed today.

This has been notified in a meeting of SHEL's board held on June 14, 2023.

The notice adds that any sale will be subject to a targeted sale process, the execution of binding documentation and the receipt of applicable regulatory approval.

Furthermore, this announcement would not impact the company's current operations and it remains committed to continuing to deliver safe and reliable operations.

SHEL has been in the country for 75 years and has a substantial retail footprint and a strong lubricants business.

Copyright Mettis Link News 

Related News

Name Price/Vol %Chg/NChg
KSE100 139,774.12
42.26M
0.41%
566.84
ALLSHR 86,638.08
127.09M
0.54%
461.16
KSE30 42,727.17
19.12M
0.29%
124.33
KMI30 197,731.81
20.85M
0.72%
1412.31
KMIALLSHR 57,296.05
81.93M
0.76%
434.09
BKTi 37,920.17
2.17M
-0.37%
-140.15
OGTi 27,983.11
4.11M
0.65%
179.62
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 120,385.00 121,255.00
120,035.00
2525.00
2.14%
BRENT CRUDE 68.83 68.88
68.35
0.39
0.57%
RICHARDS BAY COAL MONTHLY 96.50 0.00
0.00
2.20
2.33%
ROTTERDAM COAL MONTHLY 104.50 104.50
104.50
-0.30
-0.29%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 65.49 65.57
65.05
0.33
0.51%
SUGAR #11 WORLD 16.28 16.64
16.23
-0.29
-1.75%

Chart of the Day


Latest News
July 28, 2025 at 10:11 AM GMT+05:00

Fauji Foods posts 113% surge in profit


July 28, 2025 at 09:36 AM GMT+05:00

Haseeb Waqas Board halts buyback on price surge


July 28, 2025 at 09:26 AM GMT+05:00

NBP issues foreign exchange rates


July 28, 2025 at 09:23 AM GMT+05:00

Asia markets mixed ahead of U.S.-China trade talks


July 28, 2025 at 06:01 AM GMT+05:00

MG Morning Breeze: Updates to Skim before Market



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg