The Accountability Court has honourably exonerated and acquitted our Chairman Mr. Hussain Dawood, Director Mr. Abdul Samad Dawood, and former CEO Mr. Sheikh Imran ul Haq, in the award of the LNG contract to Engro Elengy Terminal Limited, as no evidence was found to prove any illegality, irregularity, or loss to the national exchequer.
Engro Corporation welcomes this much awaited decision of the Accountability Court. Engro has always strived to act in a fair and transparent manner in all its business and commercial commitments. Over the last six decades, the Company has built its reputation through a strong focus on effective corporate governance, ethics and integrity, and compliance with the laws of the land.
The LNG Terminal in question is an essential part of Pakistan’s energy infrastructure; it supplies 15% of Pakistan’s total gas requirement, which is a critical industrial and domestic input, to a growing country. Engro remains committed to the progress and well-being of Pakistan by striving to solve some of the country’s most pressing issues. During these testing times, the Company is grateful for the support it has received from our employees, shareholders, and partners who have believed in and worked with us.
Turkish President Tayyip Erdogan said on Saturday Islamic countries should form an alliance against what…
A rare snake species known as the blunt-nosed viper and other reptiles, especially the geico…
As Pakistan prepares to celebrate the birthday of the Holy Prophet Muhammad (PBUH) on September…
PCB Director High-Performance, Tournament Director Champions One Day Cup Nadeem Khan has said that the…
The Health experts addressing a symposium on Saturday stressed lifestyle changes to prevent diabetes which…
Pakistan's combined contingent is all set to participate in the 5th World Nomad Games, scheduled…
Leave a Comment