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Competition commission approves Saudi group Asyad’s acquisition of Shell Pakistan 

Competition commission approves Saudi group Asyad’s acquisition of Shell Pakistan 
Petrol station workers wearing facemasks wait for customers next to petrol pumps in Islamabad, Pakistan, on April 22, 2020. (AFP/File)
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Updated 07 July 2024
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Competition commission approves Saudi group Asyad’s acquisition of Shell Pakistan 

Competition commission approves Saudi group Asyad’s acquisition of Shell Pakistan 
  • Shell’s parent company announced exit from Pakistan last year after selling 77.42 percent of shares to Asyad’s affiliate Wafi Energy
  • Competition Commission of Pakistan chairman says acquisition to elevate service standards in country’s retail fuel supply chain 
Updated 07 July 2024
Kashaf Rehman
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ISLAMABAD: The Competition Commission of Pakistan (CCP) on Saturday approved Saudi Group Asyad Holding’s acquisition of Shell Pakistan through UAE-based Wafi Energy Holding Limited, saying the move would boost the country’s retail oil sector. 

Shell Petroleum Company announced its exit from Pakistan in June 2023 with the sale of 77.42 percent shareholding in the local business to Wafi Energy. The move came after Shell made several announcements about its global operations and after Shell Pakistan suffered losses in 2022 due to exchange rates, the devaluation of the Pakistani rupee, and overdue receivables. 

Wafi Energy is a wholly-owned affiliate of Asyad Holding Group, a fuel retailer in Saudi Arabia. Shell Pakistan’s operations include more than 600 mobility sites, 10 fuel terminals, a lubricant oil blending plant and a 26 percent shareholding in Pak-Arab Pipeline Company Limited.

“The Competition Commission of Pakistan (CCP) has approved the acquisition under Section 11 of the Competition Act, 2010, thus solidifying the said transaction to boost the retail oil sector in Pakistan,” the CCP said in a press release. 

The CCP said Shell Pakistan maintains a “substantial business footprint” in the retail supply of motor fuels and lubricants across Pakistan. It also noted that Wafi Energy specializes in managing and operating fuel stations in Saudi Arabia.

The commission said its first assessment phase identified retail fuel, vehicle lubricants and industrial lubricants as the relevant product markets. 

“It was also revealed that Shell Pakistan has distinct shares in all three relevant markets but that will remain unchanged post-transaction,” the CCP said. 

“The analysis further confirmed that Wafi Energy Holding Limited will not gain a dominant position in the relevant markets even after attaining the direct control of Shell Pakistan.”

 While signing the order, CCP Chairman Dr. Kabir Ahmed Sidhu said the move is expected to boost competition by elevating service standards in the retail fuel supply chain and contribute immensely to flourishing Pakistani markets.
 

Topics: Shell Petroleum Company

Pacer Marco Jansen admits South Africa face challenge after losing three wickets

Pacer Marco Jansen admits South Africa face challenge after losing three wickets
Updated 51 sec ago
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Pacer Marco Jansen admits South Africa face challenge after losing three wickets

Pacer Marco Jansen admits South Africa face challenge after losing three wickets
  • Pakistan’s opening bowlers had South Africa reeling at 27-3, 121 runs short of a win
  • The third day of the match started with a three-hour delay due to continuous rain
Updated 51 sec ago
AFP

CENTURION, South Africa: South African fast bowler Marco Jansen admitted that his team faced a challenge after Pakistan took three quick wickets late on the third day of the first Test at SuperSport Park on Saturday with the hosts chasing 148 runs for victory.
Pakistan opening bowlers Mohammad Abbas and Khurram Shahzad had South Africa reeling at 27-3, 121 runs short of a win which would clinch them a place in the World Test championship final in England next June.
Abbas took two wickets for three runs in four immaculate overs of swing bowling, dismissing Tony de Zorzi and Tristan Stubbs, while Shahzad trapped Ryan Rickelton.
Aiden Markram, South Africa’s top scorer in the first innings, was unbeaten on 22 going into what could be a nervy fourth day for the hosts.
Jansen, who took six for 52 as Pakistan were bowled out for 237 in their second innings, said the pitch had “quickened up,” with some balls lifting sharply and others keeping low.
“If Pakistan keep on bowling the lengths they did now we will have a task on our hands,” said Jansen.
But he added that a victory target of 148 “isn’t too much.”

South Africa’s Marco Jansen, left, celebrates with his teammates after dismissing Pakistan’s Babar Azam for 50 runs during day three of the Test cricket match between South Africa and Pakistan, at the Centurion Park in Centurion, South Africa on December 28, 2024. (AP)

“We know the new ball moves quite sharply, especially in the second innings. Once the ball gets older it gets a lot easier to bat,” the 24-year-old added.
All three South African wickets were leg before wicket decisions as the Pakistan bowlers attacked the stumps — and all three were reviewed.
De Zorzi batted outside his crease in an attempt to counter the swing which undid him in the first innings, but Abbas beat his inside edge and he was given out.
He reviewed umpire Alex Wharf’s decision but replays showed the impact was “umpire’s call,” with the ball going on to hit the stumps, and he had to go for two runs.
Rickelton failed to score before he was trapped by Shahzad and Stubbs made one before falling to Abbas — with Pakistan successfully reviewing on both occasions after the batsmen were initially given not out.
It was a dramatic end to a day on which the start was delayed by three hours because of rain.
South Africa seemed well on target for victory when Pakistan were bowled out for 237 despite Saud Shakeel making an impressive 84.
Resuming at 88-3, Babar Azam and the left-handed Shakeel batted confidently, adding another 65 runs in 14.5 overs.
Babar made 50, his first half-century in 19 Test innings, before Jansen had a burst of three wickets in 14 balls, starting when Babar slapped a short ball to deep point.
Shakeel was ninth man out when he missed a full toss from Jansen after hitting 10 fours and a six in a 113-ball innings.
“I was looking for a yorker,” admitted Jansen. “I missed by a shin length.”

Topics: Pakistan vs South Africa

Imran Khan’s party denies seeking concessions for jailed leader through negotiations

Imran Khan’s party denies seeking concessions for jailed leader through negotiations
Updated 26 min 14 sec ago
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Imran Khan’s party denies seeking concessions for jailed leader through negotiations

Imran Khan’s party denies seeking concessions for jailed leader through negotiations
  • Shibli Faraz says Khan is in prison for the people of Pakistan and is firm on his ‘principled stance’
  • He calls PTI a peaceful party that stands against ‘fascism’ and demands rule of law in Pakistan
Updated 26 min 14 sec ago
Muhammad Ibrahim

ISLAMABAD: Former Prime Minister Imran Khan’s Pakistan Tehreek-e-Insaf (PTI) party on Saturday challenged the perception its ongoing negotiations with the government were aimed at securing concessions for its jailed leader, calling instead for constitutionalism and rule of law in the country.
The government and PTI formally began talks this month to address political differences and end deep polarization that has impacted Pakistan’s fragile economy. Khan, who has been imprisoned for more than a year, has called for a timeline to advance the talks, the release of PTI political prisoners and the establishment of judicial commissions to investigate violent protests on May 9 last year and Nov. 26 this year, which the government claims were orchestrated by PTI supporters.
“We completely reject the perception that these negotiations are held because the [party’s] founding chairman Imran Khan is seeking concessions for himself,” Shibli Faraz, a senior PTI leader, said during a joint news conference with other top colleagues.
“He will not be part of any arrangement which builds a perception that he’s doing this for himself,” he continued. “He is in prison for the people of Pakistan and he is firm on his principled stance.”
Faraz reiterated that his party was facing political victimization, saying its leaders, including Khan, had been targeted through politically motivated cases.
He also emphasized PTI’s commitment to peaceful political activism.
“We are a peaceful party and peaceful protest has always been our way,” he said, adding: “We are not in favor of any violence or extremism, but we firmly stand against fascism. We disagree with undemocratic ways and condemn them. This country should run on the basis of the constitution.”
Faraz also criticized what he described as selective application of the constitution, calling for consistency and adherence to democratic principles.

Topics: Imran Khan Pakistan Tehreek-e-Insaf (PTI) party

Karachi paralyzed as protests erupt in solidarity with violence-hit Kurram district

Karachi paralyzed as protests erupt in solidarity with violence-hit Kurram district
Updated 28 December 2024
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Karachi paralyzed as protests erupt in solidarity with violence-hit Kurram district

Karachi paralyzed as protests erupt in solidarity with violence-hit Kurram district
  • Mayor Murtaza Wahab affirms people’s right to protest but asks them not to disrupt life in the city
  • Demonstrators call protests in Karachi vital to draw attention to the ‘overlooked’ crisis in Kurram
Updated 28 December 2024
NAIMAT KHAN

KARACHI: Pakistan’s southern port city of Karachi remained paralyzed for a second consecutive day on Saturday as protesters staged sit-ins at ten locations to show solidarity with demonstrators in Kurram, where violence and a lack of medical access have claimed over 130 lives.
Kurram, a northwestern district of around 600,000 people in Khyber Pakhtunkhwa province, has long been a hotspot for tribal and sectarian violence, with authorities struggling to maintain control.
The area’s situation has necessitated travel in convoys escorted by security personnel, yet it failed to prevent an attack on Nov. 21, when gunmen ambushed a convoy, killing 52 people. The attack sparked further violence and road closures, restricting access to medicine, food and fuel in the region.
A grand jirga, or council of political and tribal elders, has attempted to mediate between rival factions, as protests in Parachinar, the main city in Kurram, have spread to Karachi, where the mayor, Murtaza Wahab, has criticized demonstrators for disrupting daily life in the metropolis.
“These protesters told [provincial minister] Nasir Shah Sahib that they were protesting peacefully on the side and had not blocked roads,” he told the media. “I informed him and the chief minister [Murad Ali Shah] that this was not true. Roads are indeed blocked, and people are facing difficulties.”
While affirming his support for the constitutional right to protest, he emphasized such actions should not disrupt life in a city.
“If the aim of a protest is to inconvenience people, disrupt a city’s system, prevent ambulances and fire brigades from operating, or hinder police and administrative vehicles, then I believe this is inappropriate,” he continued.
Wahab urged the protesters to move to designated areas for such protests.
“The media will cover your protest,” he added. “But if your aim is to paralyze the city, no responsible state can allow this.”
Karachi’s protests were called by the Majlis-e-Wahdatul Muslimeen (MWM), a Shia organization, with demonstrators blocking main thoroughfares, including Shahrah-e-Faisal, which connects the airport to the city’s Red Zone, home to sensitive government installations, and major hotels. Another area that has been choked is Numaish, a vital junction linking the city’s central district to its commercial hubs.
MWM’s Karachi spokesperson, Syed Ahmad Naqvi, told Arab News the protests in Karachi were tied to the Parachinar sit-in.
“We are staging sit-ins at ten locations, and these will continue as long as the Parachinar protest persists,” he said. “Once their demands are met, the protests in Karachi will also end.”
Naqvi said the protests in Karachi were essential for drawing attention to the “overlooked crisis in Kurram.”
“Large-scale protests in Karachi highlight the situation in Kurram, where many precious lives have been lost in recent weeks but have received no attention,” he said.

Topics: karachi protest kurram district parachinar

Pakistan repels Afghan-based militant incursion amid escalating tensions — security sources

Pakistan repels Afghan-based militant incursion amid escalating tensions — security sources
Updated 28 December 2024
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Pakistan repels Afghan-based militant incursion amid escalating tensions — security sources

Pakistan repels Afghan-based militant incursion amid escalating tensions — security sources
  • Sources accuse Afghan Taliban of ‘persistently assisting’ armed militants instead of apprehending them
  • They say no fatalities happened on Pakistan’s side, but over 15 militants and Afghan Taliban were killed
Updated 28 December 2024
NAIMAT KHAN

KARACHI: Pakistan’s security forces thwarted an attempted cross-border incursion by militants allegedly facilitated by Afghan Taliban authorities, security sources said on Saturday after Afghanistan’s defense ministry claimed its forces targeted several locations in Pakistan in response to airstrikes earlier this week.
Pakistan has repeatedly accused Kabul of sheltering Tehreek-e-Taliban Pakistan (TTP) militants and has urged Afghan officials not to allow armed factions to use their soil to target neighboring states. Afghan authorities deny these allegations, saying Pakistan’s security challenges are its internal matter.
On Thursday, Afghan authorities reported airstrikes by Pakistan’s military in an eastern border town that they said had killed 46 people. The strikes came days after the TTP claimed responsibility for killing 16 Pakistani soldiers near the Afghan border.
“On the night of December 27-28, 20 to 25 khawarij [TTP militants], using Afghan Taliban border posts, attempted to infiltrate Pakistan at two locations in Kurram and North Waziristan,” Pakistani security sources said. “Pakistani forces acted promptly, thwarting the incursion.”
They reported yet another incursion in the morning, saying it was also repelled.
“In retaliation, khawarij and Afghan Taliban jointly opened unprovoked heavy fire on Pakistani posts,” they added.
Pakistan’s forces responded decisively, reportedly inflicting significant losses on the attackers.
“Initial reports indicate that over 15 khawarij and Afghan Taliban personnel were killed, with many others injured,” the sources said. “Effective counter-fire forced the Afghan Taliban to abandon six posts.”
No fatalities were reported on the Pakistani side, though three soldiers sustained injuries. Security sources also noted Afghanistan’s unwillingness to control TTP elements operating freely on its soil, saying it strained bilateral relations.
“Instead of curbing these terrorist elements, the Afghan Taliban persistently assist them,” the sources maintain. “TTP militants operate with impunity in Afghanistan, using its territory for anti-Pakistan activities.”

Topics: Pakistan Afghanistan border Pakistan Taliban Tehreek-e-Taliban Pakistan (TTP) Pakistan Afghan Ties

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Pakistan launches landmark trade route linking China to UAE via Khunjerab Pass

Pakistan launches landmark trade route linking China to UAE via Khunjerab Pass
Updated 28 December 2024
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Pakistan launches landmark trade route linking China to UAE via Khunjerab Pass

Pakistan launches landmark trade route linking China to UAE via Khunjerab Pass
  • Consignment from China is expected to reach the UAE in 10 days as compared to 30 days via sea-route
  • Traders welcome the development, hoping the arrangement will turn Pakistan into a major hub of trade
Updated 28 December 2024
Nisar Ali

KHAPLU, Gilgit-Baltistan: In a first, Pakistan’s National Logistics Corporation (NLC) has launched its maiden multimodal Transports Internationaux Routiers (TIR) transportation, linking China to the United Arab Emirates via the Khunjerab Pass, in a move hailed as a “good omen” for Pakistan’s trade and logistics sectors.
The TIR system, an international customs transit framework, streamlines cross-border trade by enabling goods to move through multiple countries with minimal customs interference.
At over 4,600 meters above sea level, the Khunjerab Pass connects Pakistan’s Gilgit-Baltistan region with China’s Xinjiang province, serving as a strategic gateway for trade between South Asia and Europe.
The pass, situated in the Karakoram Range, has only facilitated bilateral trade in the past, with China primarily importing textiles, agricultural products and daily commodities, while exporting plants and herbs.
“This achievement signifies a major leap forward in the operationalization of the China-Pakistan Economic Corridor (CPEC), utilizing the shortest and most efficient route from China to the Gulf region via Pakistan,” the NLC said in a statement.

This handout photograph, released by Pakistan’s National Logistics Corporation on December 28, 2024, shows officials launching country’s maiden multimodal Transports Internationaux Routiers transportation route at the Khunjerab Pass, Gilgit-Baltistan. (Photo courtesy: NLC)

“This milestone also reflects a significant step toward ensuring year-round functionality of the Khunjerab Pass, a vital gateway for regional trade,” it added.
The NLC said the journey commenced with one of its trucks, laden with electronic equipment, departing from Kashgar, China, en route to the Jebel Ali Port in Dubai. The first stop was at NLC Dry Port in Sost, where a ceremony marked the historic occasion, it added.
“The cargo container, after being transported via NLC trucks from Kashgar to Karachi, will embark on the sea leg of its journey to its final destination at Jebel Ali Port,” the statement informed.

This handout photograph, released by Pakistan’s National Logistics Corporation on December 28, 2024, shows a general view of the Kashi Free Trade Zone in Kashi, Xinjiang. (Photo courtesy: NLC)

The consignment from China is expected to reach the UAE in 10 days as compared to 30 days via sea-route.
Traders and local business leaders associated with the Khunjerab Pass welcomed the launch.
“This is a good omen for Pakistan’s economy,” Imran Ali, a former president of the Gilgit-Baltistan Chambers of Commerce, told Arab News over the phone, adding it would particularly benefit the traders in the region and the local community.
“Pakistan will become a major trade hub as China gets access to the Middle East through this route,” he continued. “The economic activities in Gilgit-Baltistan and Gwadar will get a boost and unemployment will end in the region.”
Muhammad Iqbal, president of the Gilgit-Baltistan Importers and Exporters Association, agreed with him.

This handout photograph, released by Pakistan’s National Logistics Corporation on December 28, 2024, shows a Pakistani truck crossing the checkpoint at the Kashi Free Trade Zone in Kashi, Xinjiang. (Photo courtesy: NLC)

“The launching of TIR between China and the Middle East through Pakistan will change the fate of the country,” he told Arab News. “The country will make more revenue and the economic conditions of traders and locals will improve.”
According to the Gilgit-Baltistan Collectorate of Customs, a record revenue of Rs9.5 billion ($34.87 million) was collected from the Sost Dry Port during the first two quarters of the fiscal year 2024-25, compared to Rs6.5 billion ($23.4 million) during the same period last year.
Additionally, the anti-smuggling team confiscated goods worth Rs600 million ($2.16 million).

Topics: Pakistan China Ties Khunjerab Pass Pakistan China trade China-Pakistan Economic Corridor (CPEC)

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