Karachi: In a significant development for Pakistan Petroleum Limited (PPL), the Supreme Court of Pakistan has ordered the transfer of 200,057,318 Ordinary shares from the ‘PPL Employees Empowerment Trust’ to the Government of Pakistan (GoP). This transfer, stemming from a series of appeals and petitions, has effectively increased the government’s direct shareholding in the company from 67.51% to 74.86%.

Dated June 24, 2026, the decision was conveyed in compliance with Section 96 of the Securities Act, 2015, and Clause 5.6.1 of the Pakistan Stock Exchange Limited Regulations. The shares in question were initially allocated under the ‘Benazir Employees Stock Option Scheme (BESOS)’ and their reallocation marks a notable shift in the ownership structure of PPL.

The transfer was executed following the Supreme Court’s verdict under C.A No. 421 to 423 of 2018, C.A No.19-K of 2019, and CP No.852 of 2018. According to information available from the Pakistan Stock Exchange (PSX), this adjustment in shareholding is set to affect the company’s market dynamics.

The reallocation of shares to the GoP brings its total ownership in PPL to a substantial 74.86%, solidifying its influence over the company. This increase in governmental control through equity stakes is poised to have implications for both the governance and operational strategies of PPL moving forward. The designated market category for this information is crucial for stakeholders and investors as they assess the potential impacts on the company’s future performance and strategic direction.