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Saudi Aramco, a prominent global energy and chemicals enterprise, has advanced its international retail expansion by finalizing the purchase of a 40% equity interest in Gas & Oil Pakistan Ltd. (GO).
This milestone was officially disclosed by the oil giant on its corporate website. GO operates as a diversified downstream fuels, lubricants, and retail store operator in Pakistan, boasting a network exceeding 1,200 retail fuel stations.
Initially unveiled in December 2023, this acquisition marks Aramco’s inaugural downstream retail investment in Pakistan, underscoring the company's escalating retail footprint in lucrative markets. In a separate transaction, Aramco also secured complete ownership of Esmax Distribución SpA (“Esmax”), a prominent diversified downstream fuels and lubricants retailer in Chile.
Yasser Mufti, Aramco’s Executive Vice President of Products & Customers, emphasized the significance of this expansion, stating, “Our global retail expansion is gathering momentum, and this acquisition represents a pivotal advancement in our journey. Through our strategic alliance with GO, we eagerly anticipate delivering Aramco’s superior products and services to esteemed customers in Pakistan.”
#Oilcompany #Saudiaramco #pakistan #worldsbiggest
$BTC
$ETH
$BNB
This milestone was officially disclosed by the oil giant on its corporate website. GO operates as a diversified downstream fuels, lubricants, and retail store operator in Pakistan, boasting a network exceeding 1,200 retail fuel stations.
Initially unveiled in December 2023, this acquisition marks Aramco’s inaugural downstream retail investment in Pakistan, underscoring the company's escalating retail footprint in lucrative markets. In a separate transaction, Aramco also secured complete ownership of Esmax Distribución SpA (“Esmax”), a prominent diversified downstream fuels and lubricants retailer in Chile.
Yasser Mufti, Aramco’s Executive Vice President of Products & Customers, emphasized the significance of this expansion, stating, “Our global retail expansion is gathering momentum, and this acquisition represents a pivotal advancement in our journey. Through our strategic alliance with GO, we eagerly anticipate delivering Aramco’s superior products and services to esteemed customers in Pakistan.”
#Oilcompany #Saudiaramco #pakistan #worldsbiggest
$BTC
$ETH
$BNB
JUST IN: 🇵🇰 Pakistan pays its first government-to-government import of Russian oil in Chinese Yuan, ditching the US dollar.
https://watcher.guru/news/brics-pakistans-russian-oil-import-paid-in-chinese-yuan?utm_source=TelegramNews&utm_medium=TelegramNews&utm_campaign=TelegramNews
#pakistan #dollar #yuan #US
https://watcher.guru/news/brics-pakistans-russian-oil-import-paid-in-chinese-yuan?utm_source=TelegramNews&utm_medium=TelegramNews&utm_campaign=TelegramNews
#pakistan #dollar #yuan #US
while the fuds spread everywhere that crypto is going to ban in pakistan.
Pakistan intends to introduce its own digital currency, with features “comparable to bitcoin,” as a replacement for physical currency, aligning with the current global trend observed in other countries’ pursuit of their own central bank digital currency (CBDCs).
#pakistan #Binance
Pakistan intends to introduce its own digital currency, with features “comparable to bitcoin,” as a replacement for physical currency, aligning with the current global trend observed in other countries’ pursuit of their own central bank digital currency (CBDCs).
#pakistan #Binance
Crypto Ban in Pakistan?
State Bank of Pakistan has declared its stance on cryptocurrency, stating that it will not legalize digital currencies in the country. Additionally, the Financial Action Task Force (FATF) has also urged Pakistan to impose a ban on cryptocurrencies.
The State Bank of Pakistan's decision to prohibit the legalization of cryptocurrencies reflects their concerns regarding the potential risks and challenges associated with digital currencies. The central bank believes that cryptocurrencies can facilitate illegal activities such as money laundering and terrorism financing.
Furthermore, the FATF, an international organization that sets standards for combating money laundering and terrorist financing, has recommended that Pakistan ban cryptocurrencies to align with global efforts to mitigate financial risks.
This development highlights the regulatory stance of Pakistan towards cryptocurrencies and raises questions about the future of digital currency adoption and trading in the country.
#Binance #crypto2023 #pakistan #dyor #cryptoban
The State Bank of Pakistan's decision to prohibit the legalization of cryptocurrencies reflects their concerns regarding the potential risks and challenges associated with digital currencies. The central bank believes that cryptocurrencies can facilitate illegal activities such as money laundering and terrorism financing.
Furthermore, the FATF, an international organization that sets standards for combating money laundering and terrorist financing, has recommended that Pakistan ban cryptocurrencies to align with global efforts to mitigate financial risks.
This development highlights the regulatory stance of Pakistan towards cryptocurrencies and raises questions about the future of digital currency adoption and trading in the country.
#Binance #crypto2023 #pakistan #dyor #cryptoban
The decision to ban cryptocurrencies in Pakistan is disappointing and unfortunate. The government should reconsider its stance and allow its citizens to benefit from this innovative technology. #crypto2023 #Binance #BTC #pakistan
in coming days Pakistan also legalized cryptocurrency and shiba Inu will be accepted in major stores #pakistan #shibabullbear #ShibaInu:
Der Pakistani Traders Vote and show them that we want crypto in Pakistan .
"Do You Agree on the decision of Crypto Ban in Pakistan ?"
#Binance #crypto #ban #pakistan #crypto2023
"Do You Agree on the decision of Crypto Ban in Pakistan ?"
#Binance #crypto #ban #pakistan #crypto2023
We want Crypto in Pakistan
92%
Crypto should be Ban in Pak
8%
379 votes • Voting closed