Is Hascol a defaulter?

Is Hascol a defaulter?

1. (c) & (d) of PSX Regulations, HASCOL is being placed on the Defaulters’ Segment of the Exchange w.e.f. June 28, 2021 (Monday).

Is Hascol Pakistani company?

Hascol Petroleum Limited (حیسکول پیٹرولیم) is a Pakistani oil marketing company which is active in downstream sector. It is based in Karachi, Pakistan. The company has distribution rights of German lubricating oil Fuchs in Pakistan.

Who is the owner of Hascol petroleum?

Mr. Mumtaz Hasan Khan
Mr. Mumtaz Hasan Khan Chairman & CEO of Hascol Petroleum Limited has over 54 years experience in the Oil Industry. He started his working life in Burmah Shell Oil Storage and Distribution Company in May 1963 and worked there till January 1976, where his last assignment was International Sales Manager.

Why Hascol share price is down?

Hascol has been in financial trouble since 2018. Its revenues have dropped, losses mounted and loans risen, sending its share price down from over Rs300 three years ago to just Rs11.

What is Hascol hiding?

The petroleum company is trying to erase its history. But with billions of rupees missing, auditors resigning, and law enforcement agencies taking unprecedented interest, that is proving to be a little difficult. April 25, 2021.

How many oil companies are there in Pakistan?

Presently, 50 Companies – including 15 Local and 35 Foreign – are working in Pakistan to explore and produce oil & other natural resources.

How many petroleum companies are in Pakistan?

Will Hascol recover?

HASCOL is still in trouble. With loss of over RS20 billion, the OMC is slated to post close to – if not higher – loss than incurred in 2019….Read more stories.

What is Hascol hiding profit?

Does Pakistan have oil?

Oil Production in Pakistan Pakistan produces 88,261.73 barrels per day of oil (as of 2016) ranking 53rd in the world. Pakistan produces every year an amount equivalent to 9.1% of its total proven reserves (as of 2016).