Pakistan Refinery Limited (KASE:PRL) and Air Link Communication Limited (KASE:AIRLINK) expressed their intent to acquire a 77.42% stake in Shell Pakistan Limited (KASE:SHEL) from The Shell Petroleum Company Limited on July 17, 2023.

Pakistan Refinery Limited (KASE:PRL) and Air Link Communication Limited (KASE:AIRLINK) cancelled the acquisition of 77.42% stake in Shell Pakistan Limited (KASE:SHEL) from The Shell Petroleum Company Limited on July 17, 2023. On October 31, 2023, Wafi Energy LLC executed a share purchase agreement to acquire 77.42% stake in Shell Pakistan Limited (KASE:SHEL) from The Shell Petroleum Company Limited.