AUGAF
  • Home
  • Politics
  • Business
  • National
  • News
  • Finance
  • Technology
  • Sports
  • International
  • CommoditiesNew
  • Contact
No Result
View All Result
PSX
Currencies
  • Home
  • Politics
  • Business
  • National
  • News
  • Finance
  • Technology
  • Sports
  • International
  • CommoditiesNew
  • Contact
No Result
View All Result
AUGAF
No Result
View All Result
Home Business

Shell to Discontinue Aviation Operations Across Pakistan

admin-augaf by admin-augaf
August 17, 2022
in Business, Finance, International, National, News
Reading Time: 2 mins read
0
Shell
Share on FacebookShare on TwitterWhatsapp

Karachi August 17 2022: Shell  Pakistan  Limited  (SPL),  in  a  meeting  of  its  Board  held  on  August  17,  2022, have  taken  the  decision  to  discontinue  SPL's  aviation  operations  across  Pakistan, according to company filing to the exchange.

Presently,  SPL  carries  out  its  aviation  related  operations  at  (i)  Jinnah  International  Airport  (JIAP)  (ii)  Quetta  International  Airport  (QIAP)  (iii)  Begum  Nusrat  Bhutto  Airport  (BNB)  (Sukkur) and  (iv)  Nawabshah  Airport  (WNS).

Following  the  expiry  of  the  leases  related  to  the  above  airports,  the  Pakistan  Civil  Aviation  Authority  (CAA)  has  floated  a joint-tender  inviting  participants  to  bid  for  the  operation  of  six  (6)  airports;  including  all  four  of  the  airports  currently  operated by  SPL  (listed  hereinabove)  as  well  as  Skardu  International  Airport  (KDU)  and  Gwadar  International  Airport  (GDU).

After  due  consideration  of  a  wide  range  of  factors,  including  legal  compliance,  financial  and  commercial  considerations,  SPL has  taken  the  decision  not  to  participate  in  the  tender.

SPL  is  committed  to  the  safe  handover  of  operations  to  the  CAA  and/or  relevant  stakeholder  (as  appropriate)  at  the  airports at  which  it  is  currently  operating.  The  final  date  of  exit  from  these  airports  will  be  communicated  after  consultation  with  the CAA.

SPL  remains  committed  to  continuing  all  its  other  businesses  and  operations  in  Pakistan,  which  remain  unaffected.

Source: Pakistan Stock Exchange

Related Posts

Pakistan Petroleum Sales Drop 11.5% on Higher Prices

PSO, Shell, Hascol to Gain as Government Increases OMC Margins on Petrol and HSD Sales

PSO, SHELL, Hascol to Benefit as ECC Approved 31% Hike in OMC Margins

No proposal under consideration to dissolve ‘CAA Employees Pension Fund Trust’, Aviation Minister Says


Tags: AviationPetroleum SalesShellShell Pakistan
admin-augaf

admin-augaf

Related Posts

Pakistan Starts Sovereign VC Fund to Lure Startup Investors Back
Business

Pakistan Starts Sovereign VC Fund to Lure Startup Investors Back

December 3, 2023
Abu Dhabi Masdar To Develop 150MW Solar Plant in Angola
Business

Abu Dhabi Masdar To Develop 150MW Solar Plant in Angola

December 3, 2023
Abu Dhabi Masdar Aims to Become One of World’s Largest Renewable Energy Provider
Business

Maple Leaf Cement To Install 25 MW Solar Power Plant To Lower Power Cost

December 2, 2023

Recent News

Pakistan Starts Sovereign VC Fund to Lure Startup Investors Back

Pakistan Starts Sovereign VC Fund to Lure Startup Investors Back

December 3, 2023
Abu Dhabi Masdar To Develop 150MW Solar Plant in Angola

Abu Dhabi Masdar To Develop 150MW Solar Plant in Angola

December 3, 2023
Abu Dhabi Masdar Aims to Become One of World’s Largest Renewable Energy Provider

Maple Leaf Cement To Install 25 MW Solar Power Plant To Lower Power Cost

December 2, 2023
Pakistan Household Inflation Increases for the Fourth Consecutive Week to 48.02%

Pakistan To Cut Policy Rate From March

December 2, 2023
120 Countries Backed UAE COP28 Climate And Health Decleration

120 Countries Backed UAE COP28 Climate And Health Decleration

December 2, 2023

Popular News

  • NSS

    President Prohibit National Savings For Changing Rates on Existing Certificates Retrospectively

    0 shares
    Share 0 Tweet 0
  • Pakistan Rupee Appreciate against Dollar in Interbank as IMF Confirmed Board Review Date

    0 shares
    Share 0 Tweet 0
  • Pakistan Rupee Fall After 13 Days of Successive Gains against Dollar on Lower Remittances and Strengthening of US Dollar

    0 shares
    Share 0 Tweet 0
  • Pakistan Central Bank Issued Show Cause Notice to Eight Banks Over Currency Speculation

    0 shares
    Share 0 Tweet 0
  • Pakistan Rupee Fall for the Straight Second Day Against Dollar on Opening of LCs

    0 shares
    Share 0 Tweet 0

Categories

  • Budget
  • Business
  • Culture
  • Finance
  • International
  • National
  • News
  • Politics
  • PTI
  • Sports
  • Technology
AUGAF Logo

Follow us on social media:

Recent News

  • Pakistan Starts Sovereign VC Fund to Lure Startup Investors Back
  • Abu Dhabi Masdar To Develop 150MW Solar Plant in Angola
  • Maple Leaf Cement To Install 25 MW Solar Power Plant To Lower Power Cost

Category

  • Budget
  • Business
  • Culture
  • Finance
  • International
  • National
  • News
  • Politics
  • PTI
  • Sports
  • Technology

Recent News

Pakistan Starts Sovereign VC Fund to Lure Startup Investors Back

Pakistan Starts Sovereign VC Fund to Lure Startup Investors Back

December 3, 2023
Abu Dhabi Masdar To Develop 150MW Solar Plant in Angola

Abu Dhabi Masdar To Develop 150MW Solar Plant in Angola

December 3, 2023
  • Home
  • Politics
  • News
  • Business
  • National
  • Finance
  • Technology
  • International

© 2021 AUGAF.

No Result
View All Result
  • Home
  • Politics
  • Business
  • National
  • News
  • Finance
  • Technology
  • Sports
  • International
  • Commodities
  • Contact

© 2021 AUGAF.