ISLAMABAD - Pakistan State Oil (PSO) could not able to acquire 30 percent shares of Shell International Petroleum Company Limited in Pakistan Refinery Limited (PRL) due to unavailability of approval from its Board of Management (BoM). The feasibility report on acquiring shares of Shell in PRL ...

KARACHI - The transaction price for controlling the major stakes of Pakistan Refinery Limited by Pakistan State Oil is evaluated at Rs16-17 billion. In terms of dollar, it would be close to around $19-200 million. This evaluation is based on the crude oil processing capacity of the PRL into variety ...

KARACHI - Oil and Gas Development Company (OGDCL), Muslim Commercial Bank(MCB), Pakistan Refinery Ltd(PRL), Unilever, and ICI are likely to post marginal increase in their financial results for the quarter ended on June 30, 2008 while Allied Bank (ABL), Lucky Cement and Indus Motor are being ...