Energia
Engro Officials Declared Innocent in Pakistan LNG Case
A spokesperson for Engro Corporation said: "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 in every country in which we operate.
"Engro remains committed to the progress of Pakistan by striving to solve some of the country's most pressing issues. We hope that this verdict will restore much needed investor confidence in Pakistan's private sector and legal system.
"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."
The Engro Elengy Terminal, the fastest terminal set-up in the world, has been an essential part of Pakistan's energy infrastructure since 2015, when the country faced severe energy shortages. It supplies 15% of Pakistan's total gas to the nation's homes and businesses. Since inception, it has enabled Pakistan to save more than USD 3 billion through import substitution of furnace oil.
www.engro.com
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