Hascol Petroleum : Transmission of Annual Report for the Year Ended 31 December 2022
August 15, 2023 at 06:10 am EDT
Share
Hascol got Marketing
Hascol First Retail
license in 2005.
Station operative.
Shikarpur Depot Operational.
Machike Depot Operational.
"HASCOL" - Listed on Stock Exchange.
Lahore-Islamabad
Motorway (M-2).
Daulatpur Depot Operational.
Vitol Dubai Limited acquired
Company Operated Fleet.
Vitol Dubai Limited acquired
15% stake in Hascol
further 10% stake in Hascol,
Vitol total investment stands at 25%.
Sahiwal & MehmoodKot Depots
Kotla Jam Depot Operational.
LPG Business
Hascol Lubricants (Pvt) Ltd
Vitol Dubai increased its shares
started commercial operations
to 40.21% from 25%.
Operational.
Operational.
of lube oil blending plant.
TABLE OF
CONTENTS
01 Corporate Information
Vision & Mission Statement
Directors' Profile
Chairman Review (English)
Chairman Review (Urdu)
HSSE Policy
Corporate Objectives & Business Strategy
Organization Chart
Directors' Report (English)
Directors' Report (Urdu)
Pattern of Shareholding
Key Operational and Financial Data
Notice of Annual General Meeting (English)
Notice of Annual General Meeting (Urdu)
Statement of Free Float Shares along with Independent Reasonable Assurance Report
Statement of Compliance with Listed Companies Code of Corporate Governance (CCG)
Review Report to Members on Statement of Compliance with CCG
Statement of Compliance with the Issue of Sukuk (Privately Placed) Regulations, 2017
Independent Assurance Report to the Board of Directors on the Statement of Compliance with Issue of Sukuk (Privately Placed) Regulations, 2017
Auditor's Report on Unconsolidated Financial Statements
Unconsolidated Financial Statements
Auditor's Report on Consolidated Financial Statements
Consolidated Financial Statements
Form of Proxy
04
06
08
10
11
12
16
22
24
41
42
46
47
51
52
56
59
61
62
68
78
168
178
267
17 YEARS OF SERVING PAKISTAN
17 YEARS OF TOGETHERNESS
Hascol Pakistan Limited is a trailblazing oil marketing company at the forefront of Pakistan's hydrocarbon and energy sector. We have cemented our position as a leading player in the industry by consistently delivering superior-quality,energy-efficient petroleum products to our customers.
With over 600+ retail outlets strategically located throughout Pakistan, we have established a robust presence in the market, catering to the diverse energy needs of our customers.
Our extensive distribution network is complemented by a state-of-the-art storage infrastructure, ensuring that our products are readily available and accessible to our customers at all times.
At Hascol, we take pride in our unwavering commitment to innovation and customer satisfaction. In addition to fuel, we offer a range of non-fuel products and services, including lubricants, car wash, and convenience stores, among others. Our aim is to continuously add value to our customers' lives by providing them with a comprehensive suite of energy solutions under one roof.
Driven by our core values of integrity, innovation, and excellence, Hascol is dedicated to meet the energy needs of the Pakistani people in a sustainable, responsible, and efficient manner. Join us on our journey towards a brighter, more energy-efficient future for Pakistan.
02
Annual Report 2022
17 YEARS OF SERVING PAKISTAN
Annual Report 2022
03
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Hascol Petroleum Ltd. published this content on 15 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 August 2023 10:09:02 UTC.
Hascol Petroleum Limited is a Pakistan-based company. The Company is engaged in the business of procurement, storage and marketing of petroleum, chemicals, liquefied petroleum gas (LPG) and related products. Its purchase, storage and sale of petroleum products include high-speed diesel, gasoline, fuel oil and FUCHS lubricants. FUCHS lubricants customers cover diversified segments, including automotive commercial passenger vehicles, OEM, mining and exploration, engineering, metal working, agriculture and forestry, aerospace, power generation, construction, steel, cement, food, glass and miscellaneous industries. It has approximately 15 AutoMax LPG stations across Pakistan. The Company's products and services include Hascol fuel card, Hascol chemicals, non-fuel retail and aviation fuel business. The Company's wholly owned subsidiaries include Hascol Lubricants (Private) Limited and Hascombe Lubricants (Private) Limited.
HASCOL PETROLEUM LIMITED 
