MPCL emerges blue-chip firm at stock exchange


Staff Reporter


Mari Petroleum Company Limited’s (MPCL) outstanding financial and operational performance over the years and particularly during the recent challenging times for E&P Industry worldwide has caught the eye of the world. MPCL has emerged as a blue-chip company at the stock exchange and its share price has soared to around Rs1400.
Financial Times & London Stock Exchange (FTSE) has decided to include Mari Petroleum along with five other companies from Pakistan into Global Equity Index Series (Asia Pacific Excluding Japan)w.e.f March 20, 2017.
Inclusion of MPCL and other Pakistani Companies is expected to attract significant new investment into the securities of these companies in particular and other securities listed on PSX in general.
MPCL has also received “Pillar of Pakistan award 2016-17” in the category of Top Tax Payer from Pillars Foundation Pakistan. The award is in recognition of MPCL’s contribution of Rs.1.23 Billion in a year on account of Income tax. It is highlighted that MPCL contributed Rs. 77.33 billion in FY 2015-16 to the national exchequer in the form of GDS, GIDC, GST, Excise Duty, Windfall Levy, Royalty and Income tax, thereby playing an active role in boosting the national economy.
In continuation of its excellent management practices MPCL also won Corporate Excellence Award(in Oil & Gas Sector) at 32nd Corporate Excellence Awards Ceremony arranged by the Management Association of Pakistan (MAP) recently in Karachi. This was the first time MPCL participated in the awards and managed to win the coveted trophy.