The Board of Directors announced the half-year results for Shell Pakistan Limited (SPL), which showed a profit after tax of PKR 3.5 billion. In comparison, the tax collected during the same time period last year totaled PKR 7.5 billion.
On June 14th, 2023, Shell Petroleum Company Limited, a division of Shell plc, declared its intention to sell its ownership interest in SPL.
This time period saw the devaluation of the rupee, rising inflation, and macroeconomic concerns. The corporation was impacted by the economy’s effects on demand, activity, and supplier security worries.
The outcomes also take into account the impact of Shell International Petroleum Company’s one-time remission of technical service fees.
The safety campaign “Ehtiyaat Bunay Hifazat,” which promoted refueling safety for 2 and 3 wheelers, received praise from regulatory authorities. A key goal is to encourage an industry transformation by changing people’s attitudes and actions.
Operational excellence, safety improvement, bolstering financial stability, and taking on a responsible societal role are all priorities for SPL.
