Posted by John Donovan 14 June 2023
In a heartwarming display of goodwill, the mighty oil giant Shell has decided to graciously exit its operations in Pakistan. The company’s subsidiary, Shell Petroleum Company, will be selling its 77% shareholding in the local business, Shell Pakistan.
The move comes after Shell, in its infinite wisdom, made numerous grand announcements about its global operations. Of course, Shell Pakistan (SPL) had the audacity to suffer losses in 2022, thanks to those pesky exchange rates and the devaluation of the Pakistani rupee. Let’s not forget the inconvenient overdue receivables, as the country wallows in financial crisis and economic slowdown. But fear not, for Shell is here to save the day!

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