Swiss trader Gunvor Group plans to invest in Pakistan's petroleum sector, signing an agreement to acquire a 50% stake in Total PARCO Pakistan Limited.

Swiss trader Gunvor Group plans to invest in Pakistan's petroleum sector, following a meeting between its Chairman Torbjorn Tornqvist, TotalEnergies' VP Mehmet Celepoglu, and Prime Minister Shehbaz Sharif. The discussion highlighted Pakistan's economic stability and the government's commitment to attracting foreign investment. Gunvor Group has also signed an agreement to acquire a 50% stake in Total PARCO Pakistan Limited, pending regulatory approval.

September 16, 2024
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