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MarketScreener Homepage  >  Equities  >  KARACHI STOCK EXCHANGE (GUARANTEE) LIMITED, THE  >  Shell PakistanXD    SHEL   PK0016701010

SHELL PAKISTANXD

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Royal Dutch Shell : Mr James Hall, Vice President, Government Relations and Global Advisory, Royal Dutch Shell and Mr Haroon Rashid, MD/CEO Shell Pakistan Limited call on Federal Minister for Energy Omar Ayub Khan - Press Note issued by Press Information Department

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11/13/2019 | 06:38am EST

November 12, 2019 (PPI-OT)

Following is the text of press note issued by Press Information Department (PID)

Quote

Mr James Hall, Vice President, Government Relations and Global Advisory, Royal Dutch Shell and Mr Haroon Rashid, MD/CEO Shell Pakistan Limited called on the Federal Minister for Energy Omar Ayub Khan at the Petroleum Division this morning. Mr Hall apprised the Federal Minister about Royal Dutch Shell's area of operations in the South Asian region with a focus on current and future plans in Pakistan. Mr James Hall stressed on Shell International's unequivocal commitment to meet not just Pakistan's but the world's growing energy demand in economically, environmentally and socially responsible ways. Shell Pakistan is also the second largest Oil marketing company in the country and aims at becoming the number one energy company in Pakistan.

Mr Haroon Rashid, MD/CEO of Shell Pakistan shared a brief on some of the core area of operations in the country including in the retail, lubricants, trading, supply, business to business and aviation sectors. He also informed the Honorable Minister about Shell Pakistan's retail network of strategically located 780 plus sites leading to direct, indirect employment opportunities and being a market leader in the country's lubricant market. Federal Minister welcomed Mr James Hall and appreciated Royal Dutch Shell's sustained cooperation with its domestic partners.

He also commended Shell's commitment to Pakistan and its intent to expand in the Pakistani market. The Federal Minister outlined the present Governments resolve to introduce reforms in the economy and energy sectors. He particularly stressed on the Government's focus to improve the ease of doing business in the country and the good progress that has been made on that front recently. Minister shared a brief overview of Pakistan's Energy mix and how the present Government plans to diversify and increase the share of renewables in the overall energy mix. He also shared proposed areas of investment in the energy sector of Pakistan including retail, trading, supply and LNG. Federal Minister thanked Mr James Hill for his visit and hoped that such continued interactions would lead to mutually beneficial outcomes.

For more information, contact:Principal Information Officer,Press Information Department (PID)Tel: +92-51-9252323, +92-51-9252324Fax: +92-51-9252325, +92-51-9252326Email: piopid@gmail.comWebsite: www.pid.gov.pk

Unquote

© Pakistan Press International, source Asianet-Pakistan

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Financials (PKR)
Sales 2018 -
EBIT 2018 -
Net income 2018 -
Debt 2018 -
Yield 2018 8,08%
P/E ratio 2018 -
P/E ratio 2019 -
Capi. / Sales2018 -
Capi. / Sales2019 0,10x
Capitalization 21 198 M
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Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 3
Average target price 221,00  PKR
Last Close Price 198,09  PKR
Spread / Highest target 45,9%
Spread / Average Target 11,6%
Spread / Lowest Target -9,13%
EPS Revisions
Managers
NameTitle
Haroon Rashid Chief Executive Officer, Director & MD
Rafi Haroon Basheer Chairman
Faisal Waheed CFO, Finance Director & Executive Director
Farrokh K. Captain Non-Executive Director
Badaruddin F. Vellani Non-Executive Director
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