On April 21st, the Board of Directors of Shell Pakistan Limited (SPL) announced the company’s first-quarter results. The company made a profit after tax of PKR 2,079 million, up from PKR 1,948 million in the same period last year.
The encouraging turnaround is primarily due to improved business performance focused on strategic priorities such as differentiated fuels and lubricants, the government’s positive change in pricing formula to Platts indexes, and safe and efficient fuel operations.
During this time, the Mobility business launched three new sites, aiding in volume delivery. There has been encouraging progress in the company’s advocacy with OGRA, which will allow us to expand our network in Punjab.
Shell Tameer also collaborated with the Institute of Business Management (IOBM) Shahjehan S Karim Incubation Center to promote youth entrepreneurship in Pakistan.
Through this collaboration, both institutes will collaborate to instill entrepreneurial skills in young Pakistani start-ups through training, mentoring, and business incubation services.
The organization remains at the forefront of the industry in Pakistan to ensure safe operations across the board, and it focuses on instilling a culture of safety through workshops and dialogue with employees, business partners, and industry partners.
Shell Pakistan will continue to actively work to mitigate the impact of current challenges and to seize opportunities to ensure the company plays a key role in the development of Pakistan’s energy future.