Karachi, Hascol Petroleum Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on April03 2019 at Karachi. The agenda of the meeting will to consider the Annual Accounts for the period ended December 31, 2018.
Further, the company has declared the closed period from March 27, 2019 to April03, 2019.
Hascol Petroleum Limited is engaged in the purchase, storage and
sale of petroleum products such as Fuel Oil, High Speed Diesel, Gasoline, Jet
A-1, LPG and Lubricants.
The company was incorporated in 2001 under the 1984 companies’ ordinance,
primarily to take advantage of the petroleum sector deregulation and undertake
a programme for owning, leasing and renting oil storage facilities as well as
importing petroleum products for its own account.
In February 2005 Hascol was granted a full marketing license by the Government
of Pakistan and since then, Hascol has been engaged in developing a retail
network under HASCOL brand and by 31st December 2014 we will have commissioned
over two hundred and fifty retail outlets, in the four provinces of Pakistan
and Azad Kashmir. This number will rise to 300 by the end of 2015.
Prior to the incorporation of the company, the main personnel have been
involved in the Pakistan oil industry for over thirty years, dealing with
imports and marketing of refined products such as Gasoil, Fuel Oil, Kerosene,
Gasoline and Base Oil. Hascol Petroleum Limited has, independently or through
its associated company Hascombe Limited, extensive links with the domestic and
international oil trading companies.
The symbol “HASCOL” is being used by the stock exchanges for the shares Hascol
Petroleum Limited.
