Karachi, February 27, 2026 – Wafi Energy Pakistan Limited announced its financial results for the year ended December 31, 2025, reporting a net profit increase of 4.51% and the payment of Rs4.60 billion in income tax, marking a 20% rise compared to Rs3.85 billion in 2024.
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Wafi Energy to launch subsidiary at Dubai Free Zone for global expansion
Karachi, February 10, 2026 – Wafi Energy Pakistan Limited has announced plans to expand its international presence by establishing a wholly-owned subsidiary in the Dubai Free Zone. The move is part of the company’s strategy to grow its business operations beyond Pakistan and tap into global markets.
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Shell Pakistan Reports 44% Dip in Annual Profit Amid High Taxes
Karachi, February 20, 2025 – Shell Pakistan, now rebranded as Wafi Energy Pakistan Limited, has reported a 44% drop in annual profit for the financial year ending December 31, 2024.
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Saudi Group Secures Stake, Invests in Retail Oil Sector in Pakistan
Saudi Arabia’s Asyad Holding Group has successfully secured a controlling stake in Shell Pakistan Limited. The Competition Commission of Pakistan (CCP) granted approval for this acquisition, allowing Asyad Holding to acquire a dominant 77.42 percent ownership and control of Shell Pakistan.
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PRL and Air Link Withdraw Intention to Acquire Shell Pakistan
Karachi, April 3, 2024 – Pakistan Refinery Limited (PRL) and Air Link Communication have jointly announced their decision to withdraw their intention to acquire Shell Pakistan, citing failed negotiations with the seller.
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Shell Pakistan Reports Impressive Rs 6.45 Billion Profit for Nine Months
Karachi, October 18, 2023 – Shell Pakistan Limited (SPL) has declared outstanding financial results for the first nine months of the year, showcasing a remarkable profit after tax of Rs 6.45 billion.
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Shell Pakistan Introduces Innovative Plastic-Infused Road in Karachi
Karachi, July 3, 2023: Shell Pakistan has taken a significant step towards promoting sustainability by introducing a plastic-infused road in Karachi.
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Shell Announces Intention to Sell Holding in Shell Pakistan Limited
Karachi, June 14, 2023: Shell Petroleum Company Limited, a subsidiary of Shell plc (Shell), has revealed its plans to divest its stake in Shell Pakistan Limited (SPL), as part of its portfolio simplification strategy.
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Shell Pakistan reports heavy loss for Q1 2023 despite increased sales
Shell Pakistan Limited has reported a loss of Rs4.76 billion for the first quarter ending March 31, 2023, according to the financial results submitted to the Pakistan Stock Exchange (PSX) on Thursday.
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