Karachi: Pakistan Petroleum Limited (PPL) has reported a significant transfer of shares to The President of the Islamic Republic of Pakistan, designating the presidency as a substantial shareholder of the company. The report, dated June 29, 2026, outlines the specifics of the transaction, which was completed on June 24, 2026.

The transaction involved the transfer of 200,057,318 shares with a price per share of Rs 0.00. These shares were transferred in physical form, according to the company's statement. Prior to this transaction, PPL had informed the Pakistan Stock Exchange via a letter numbered CS/PSX-0089 dated June 24, 2026.

According to information available from the Pakistan Stock Exchange (PSX), this transaction increased the cumulative number of shares owned by The President, Islamic Republic of Pakistan, to 2,036,921,060 shares. This positions the presidency as a substantial shareholder with a 74.86% stake in Pakistan Petroleum Limited.

The designated market category for this transaction is the Pakistan Stock Exchange, which oversees regulations related to share transfers and substantial shareholdings in listed companies.