Main Business Activities
- Trading and Supply
Shell has been present in Pakistan since 1947.
During 2018, Shell Petroleum Company Ltd., a UK-registered company, sold 28.57% of its interest in Pakistan Refinery Ltd., retaining a 3.57% holding. Shell Petroleum Company Ltd. also has a 76.11% interest in Shell Pakistan Ltd. Shell Pakistan Ltd. has a wide retail network and sells petroleum products and compressed natural gas. It also blends and markets various kinds of lubricating oils.
Country Financial Analysis
The devaluation of the Pakistani rupee in 2018 resulted in a cost base increase that impacted financial performance of Shell Pakistan Ltd. in 2018. A loss in the previous year resulted in a tax credit for 2018. Tax accrued in 2018 is calculated in compliance with the minimum tax regime in Pakistan as 0.5% of turnover.