CSR

Our 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)

THE COMPANY

Being one of the largest petroleum exploration and production companies in Pakistan, we visualize the earth as something beautiful and mysterious, for it has so many secrets to reveal.

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CONTACT US

21, Mauve Area, 3rd Road,
G-10/4, Islamabad, Pakistan
+92 51 111-410-410,
+92 51 8020200
+92 51 2352859