Pakistan Refinery Ltd (PRL) and Air Link Communication Ltd said on Monday they want to buy majority shareholding and control of Shell Pakistan Ltd, which is the third-largest oil marketing company (OMC) with a share of roughly eight per cent in volumetric sales. The two acquirers are initially eyeing the 77.42pc stake that the foreign sponsor of Shell Pakistan put on sale in June as part of “si
Mounting evidence of irreversible environmental problems and increasing inequality has established the precedent to compel the private sector to show corporate responsibility and think beyond profits. As time progressed, stakeholders voiced the need for corporate responsibility and accountability. Globally, on the one hand, this led to many UN-backed conventions — more recently, the UN’s Sustai
Prime Minister Shehbaz Sharif on Saturday said that default has been averted primarily with the financial help of China. Speaking to a delegation of members from the Lahore Chamber of Commerce and Industry and renowned businessmen at the Governor House, the premier discussed the financial assistance provided by friendly countries, especially China, to help save Pakistan from default. “I have
The struggles of the cotton crop continue as its challenges are unending. The desired production targets elude growers and industry. Last year seed cotton production in Sindh and Balochistan was hit mainly by flooding and torrential rains, leading to a 46 per cent loss in production in Sindh alone, according to some reports. This year’s harvest started early, especially in Sindh. Farmers were s
The revelation of the names of 628 beneficiaries of the Rs425 billion soft credit scheme may capture the attention of the public that has an unsatiable appetite for controversies, but the disclosure of the source of funds, its targets, the perceived cost and actualised benefits are probably also relevant and merit attention. It is equally important to know if the scheme was a State Bank of Paki