–Challenges Customs’ Authority to Act — as wider bonded-fuel fraud crackdown widens across Pakistan Aftab Maken ISLAMABAD: Pak-Arab Refinery Limited (PARCO) remains locked in a standoff with Pakistan Customs weeks after being accused of releasing nearly 24 million litres of petrol from its Faisalabad bonded warehouse without proper clearance — …
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Aftab Maken ISLAMABAD: A recent analysis of Pak-Arab Refinery Limited (PARCO), a crucial joint venture between the Governments of Pakistan and Abu Dhabi, paints a concerning picture of the company’s financial health and strategic outlook, despite its significant national asset base. The report highlights a perilous mix of liquidity strain, …
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Gunvor Group Expands Footprint with Major Acquisition TotalEnergies Marketing & Services, a significant player in the global energy sector, recently concluded its operations in Pakistan by selling its shares to Gunvor Group, another prominent international company. This transaction marks a pivotal shift in Pakistan’s energy landscape, following the earlier departure …
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