Vision and Mission
Our VisionMPCL envisions becoming an international integrated exploration and production company by enhancing its professional capacity through highly knowledgeable and talented workforce that builds its petroleum reserves by consistently discovering more than what it produces within Pakistan and abroad; and improving financial capacity and profitability through efficient operations, while taking environmental safeguards and catering to social welfare needs of the communities inhabiting the area of operations.
Our MissionTo enhance exploration and production by exploiting breakthroughs in knowledge and technological innovations, adopting competitive industrial practices to adequately replenish the produced reserves and optimizing production for maximizing revenues and return to the shareholders whilst maintaining the highest standards of HSE and CSR.
- Providing uninterrupted petroleum products supply to customers.
- Maintaining best and safe operational practices.
- Adopting advanced technology, cost effective/efficient operations, increasing operating efficiency and adherence to high environmental standards.
- Exploring and enhancing the potential of our human resources.
- Aligning the interests of our shareholders, human resources, customers and other stakeholders to create significant business value characterized by excellent financial results, outstanding professional accomplishments and superior performance.
Permissible Business ActivitiesMPCL is the third largest Pakistani exploration and production company, primarily engaged in the business of oil & gas exploration, drilling, field development, production and distribution of hydrocarbons (including natural gas, crude oil, condensate and LPG) as well as provision of E&P related services on commercial basis.
Status of the CompanyMPCL is a public listed company operating in the private sector. The ordinary shares of the Company are quoted on Pakistan Stock Exchange (Symbol: Mari).
P.O. Box 3887, Karachi - 75600
Tel: (+92) 021 111-410-410 Fax: (+92) 021 35870273
2864085, 2839790 Fax:(+92) 081-2834465
In addition, the Company has field offices/camps/production sites at the following locations:
- Sujawal (Sindh)
- Sukkur (Sindh)
- Karak & Kalabagh (KPK & Punjab)
- Bannu West (KPK)
- Ghauri (Punjab)
- Zarghun (Balochistan)
A.F. Ferguson & Co., Chartered Accountants
3rd floor, PIA Building, Fazl-e-Haq Road, Blue Area, Islamabad
Tel:+92 51 2273457-60
Email: email@example.com Web: www.pwc.com
Ali Shah Associates
Advocates High Court
1-Ali Plaza, 4th Floor 1-E, Jinnah Avenue
Blue Area, Islamabad
Tel: (+92) 51-2825632
Registration, NTN and GST Numbers
|National Tax Number:||1414673-8|
|Symbol on stock exchange (PSX):||Mari|
M/S Corplink (Pvt) Limited
Wings Arcade, 1-K Commercial, Model Town, Lahore
Tel:042-35839182, 042-35869037 Email:firstname.lastname@example.org
Allied Bank Limited
Askari Bank Limited
Bank Alfalah Limited
Habib Bank Limited
JS Bank Limited
National Bank of Pakistan
Standard Chartered Bank
United Bank Limited
Associated CompaniesFauji Foundation holds 40% shares of the Company, therefore all the following subsidiaries and associated undertakings of Fauji Foundation are associated companies of MPCL.
|S.No||Name of Related Party||Address||Telephone|
|1||Fauji Fertilizer Company Ltd (FFC)||FF Sona Tower-156, The Mall, Rawalpindi Web Site:www.ffc.com.pk||
|2||Fauji Fertilizer Bin Qasim Limited (FFBL)||73, Harley Street, Rawalpindi Web Site:www.ffbl.com||051-9272196-97|
|3||Fauji Cement Company Limited (FCCL)||Fauji Tower, Block-3, 68, Tipu Road, Rawalpindi Web Site:www.fccl.com.pk||051-9280081-3|
|4||Askari Bank Ltd||Third Floor, Plot No. 18, NPT Building, F-8 Markaz, Islamabad Web Site:www.akbl.com.pk||051-8092000
|5||Fauji Foods Limited||3rd Floor, Bahria Complex Tower, 103 A/B Shahrah-e-Quaid-e-Azam, Lahore Web Site:www.nurpurfoods.com||051-5951821-40|
|6||The Hub Power Company Limited||11th Floor, Ocean Tower, G-3, Block-9, Main Clifton Road, P.O. Box No. 13841, Karachi – 75600 Web Site:www.hubpower.com||021-3587,467786|
|7||Oil & Gas Development Company (OGDCL)||OGDCL House, Plot No.3, Jinnah Avenue, Blue Area, Islamabad Web Site:www.ogdcl.com||051-9209811-18
|1||Fauji Foundation||Fauji Foundation Head Office 68 Tipu Road, Chaklala Rawalpindi, Pakistan-46000 Web Site:www.fauji.org.pk||051-5951821-40|
|2||Foundation University||Fauji Foundation Head Office 68 Tipu Road, Chaklala Rawalpindi, Pakistan-46000 Web Site:www.fauji.org.pk||051-5951821-40||3||Dharaki Power Holdings Limited||Fauji Foundation Head Office 68 Tipu Road, Chaklala Rawalpindi, Pakistan-46000 Web Site:www.fauji.org.pk||051-5951821-40||4||Foundation Wind Energy – I Limited||051-5951821-40|
|5||Foundation Wind Energy – II Limited||051-5951821-40|
|6||Fauji Kabirwala Power Company Ltd||3rd Floor, Block No.3, Fauji Tower, 68 Tipu Road, Chaklala, Rawalpindi Web Site:www.faujipower.com||051-5763651|
|7||Fauji Oil Terminal and Distribution Co. Ltd||Port Bin Qasim, P.O. Box-9101,PQA, Karachi Web Site:www.fotco.pk||021-34720003-5
|8||Foundation Power Company Dharaki Ltd||Fauji Tower, 68, Tipu Road, Chaklala, Rawalpindi Web Site:www.fpcdl.com.pk||051-5763305-7
|9||Fauji Akbar Portia Marine Terminal Ltd||Terminal Office, Port Mohammad Bin Qasim, Karachi, Pakistan Web Site:www.fapterminals.com||021-34730080|
|10||Fauji Fertilizer Company Energy Limited||156-The Mall, Rawalpindi Web Site:www.ffcel.com.pk||051-111 332 111
|11||Laraib Energy Limited||12-B/1, Multi Mansion PlazaG-8 Markaz, Islamabad, Pakistan Web Site:www.laraibenergy.com||051-2255431–2
|12||Fauji Meat Limited||FFBL Tower, C1/C2, Sector B, DHA II,Islamabad – Pakistan Web Site:www.faujimeat.com||051-8763325(Ext. 3013)|
|13||Pakistan Maroc Phosphate||FFBL Tower Plot No C1/C2, Sector B, Jinnah Boulevard Phase II DHA Islamabad Web Site:www.ffbl.com||051-8763325
|14||Askari Cement Limited||4th Floor, Awt Plaza, The Mall, Rawalpindi, Pakistan Web Site:www.askaricement.com.pk||0519272434-5
|15||Foundation Securities (Pvt) Limited||Ground Floor, Bahria Complex II MT Khan Road, Karachi Web Site:www.fs.com.pk||021-111-000-375|
Board of DirectorsThe Company is managed by a Board of 14 Directors. The present composition of Board is as follows:
|Shareholder||%age||No of Directors|
|Fauji Foundation||40.00%||6||View Profile|
|Government of Pakistan||18.39%||3||View Profile|
|General Public||21.61%||2||View Profile|
Pattern of ShareholdingThe confidence of the shareholders in the Company's performance and future prospects is reflected by the fact that number of shareholders has increased from around 3,000 in October 2014 to around 4,200 in October 2015.
- As at June 30, 2019
- As at June 30, 2018
- As at June 30, 2017
- As at June 30, 2016
- As at June 30, 2015
- As at March 31, 2015
- As at June 30, 2014
Contact for InvestorsContact details of person designated for assisting and handling investor grievances are as follows;
|Designation||Assistant Manager Shares|
|Contact No||(+92) 51-111-410-410 (Ext. 485)|
|Fax No||(+92) 51-2352859|
|Address||21, Mauve Area, 3rd Road, G-10/4, Islamabad- 44000|
|اسسٹنٹ منیجر شیئرز||عہدہ|
|(+92) 51-111-410-410 (Ext. 485)||رابطہ نمبر|
|(+92) 51-2352859||فیکس نمبر|
CSROur CSR strategy is an integral part of Company’s culture and reflects continuing commitment of our business to contribute towards the well-being & quality of life of our workforce, local community and society at large. CSR remains an ever evolving and continuous process at the heart of MPCL management that tries its best to accommodate the local needs on priority basis. In order to ensure the element of continuity and sustainability in our social welfare programs, our CSR philosophy is anchored in tripartite approach of development; involving the community, local government and MPCL management.
It is an on-going process to energize lives of our communities by providing innovative and sustainable solutions to meet the challenges / needs of rapidly changing world. We are well aware of participative relationship that we share with society and continuously invest in the interventions related to education, health, water supply schemes, philanthropic donations and communication infrastructure.
Statutory CSR Obligations
MPCL operates JV blocks in Balochistan, Sindh, Punjab and KPK. MPCL has discharged all Social Welfare Obligations till date, amounting to Rs. 487 Million. CSR obligatory expenditures in these blocks till June 2019 are Rs. 227 Million. Province wise spending is appended below:
- Balochistan: PKR 124 Million
- Sindh: PKR 62 Million
- Punjab/KPK: 41 Million
Over and Above Statutory CSR Obligations
In addition to statutory CSR obligations, MPCL is spending a substantial portion of its profits to develop a healthy, resilient and civilized society. In 2018-19 MPCL has spent Rs. 447 Million on various CSR projects all across Pakistan. As per Petroleum Concession Agreement (PCA), we are under no CSR obligation at Mari Field Daharki. However, MPCL has been spending huge amount annually on social welfare activities in Mari D&P lease area since inception. Over the years, this area has seen landmark social welfare initiatives benefitting the communities in the sectors of health, education & communication infrastructure. Projects worth PKR 1.5 Billion (approx.) have been undertaken at Mari Field in last 19 years, Rs. 128 Million in FY 2018-19.Moreover, Production Bonus of amount Rs. 246 million (Approx.) has been deposited in the respective Production Bonus accounts as per the below mentioned details:
- Ghauri (Rawalpindi) - $600,000 (May 2018) (Rs. 69,420,000)
- Sujawal / Badin - $600,000 (July 2016) (Rs. 62,700,000)
- Karak / Mianwali - $600,000 (June 2017) (Rs. 62,820,000)
- Zarghun - $500,000 (October 2014) (Rs. 51,350,000)