Shell Petroleum set to exit Pakistan amid deepening economic crisis pakobserver.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pakobserver.net Daily Mail and Mail on Sunday newspapers.
Last month, Shell Pakistan Limited announced its financial performance for the first quarter of 2023, which was severely impacted by the ongoing economic crisis in the country
The company suffered losses in 2022 due to exchange rates, the devaluation of the Pakistani rupee, and overdue receivables.The SPL in the letter said the decision by the SPco would not impact its current business operations in the country.The business community termed the announcement as a decision by a key multinational to exit Pakistan when the country needed a lot of global support to come out of the financial crunch.One more multi-national company intends to exit from Pakistan.
Shell Petroleum decides to sell its shares, exit Pakistani market aninews.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from aninews.in Daily Mail and Mail on Sunday newspapers.
Get latest articles and stories on World at LatestLY. Amidst economic uncertainty engulfing Pakistan, the country s Shell Petroleum Company (SPCo) announced to sell its shareholding on Wednesday. World News | Shell Petroleum Company to Exit from Pakistan Amidst Economic Uncertainty.