Pakistan
Employees
386
Total tax contribution
$37,583,712
Taxes borne
$11,198,970
Taxes collected
$26,384,742
-
Third-party revenues
$1,888,079,058
-
Related-party revenues
$1,716,532
-
Total revenues
$1,889,795,591
-
Profit before tax
$36,304,133
-
Corporate income tax paid
$11,184,512
-
Corporate income tax accrued
$11,669,757
-
Stated capital
$80,131,822
-
Accumulated earnings
$31,667,719
-
Tangible assets
$321,484,077
-
Other payments to governments
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Shell's footprint
Shell has been present in Pakistan since 1947. Shell Petroleum Company Limited has a 76.11% interest in Shell Pakistan Limited. Shell Pakistan Limited has a wide retail network and sells petroleum products and compressed natural gas. It also blends and markets various kinds of lubricating oil. On November 1, 2023, Shell signed an agreement to sell its majority shareholding in Shell Pakistan Limited.
Country financial analysis
The statutory corporate income tax rate in Pakistan is 29%. The increase in revenues was mainly because of a 46% rise in the regulated price of fuel during the year. The rise in stated capital of around $64 million, compared with 2021, was the result of issuing additional share capital at a share premium, as well as the sharp increase in the value of the US dollar against the Pakistani rupee throughout the year. Accumulated earnings improved as a result of the recovery after the COVID-19 pandemic.
Read more in Total tax contribution.
