Tuesday, 18 June 2013
RECORDER REPORT
Pakistan Petroleum Limited has been in business for more than seven decades, contributing about one-fourth of total gas supplies, besides producing crude oil, condensate and LPG. The company is a frontline player in the energy sector since 1950s. The current capital structure of the company consists of 71.05 percent shareholdings of GoP, 7.36 percent of PPL employee empowerment trust, and 21.59 percent of private investors. In order to accelerate the pace of privatisation, another 2.5 percent of government holding are to be divested via domestic stock exchanges sometime during the ongoing year.