Shell to exit Pakistan unit with sale of shares
/cloudfront-us-east-2.images.arcpublishing.com/reuters/QHP4TW47PBOCXH3C452C5MGAM4.jpg "Shell to exit Pakistan unit with sale of shares")
KARACHI, June 14 (Reuters) – Shell Pakistan (SHEL.PSX) said on Wednesday that its parent company, Shell (SHEL.L) unit Shell Petroleum Company, would be exiting Pakistan with the sale of its 77% shareholding in the in the local business. The move came after Shell Pakistan (SPL) suffered losses in 2022 due to exchange rates, the devaluation … [Read more…]