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Attock Cement was established in 1981 and commercial production starting in 1988 with a capacity of 0.6 million tons per annum. [2] [4] In 2002, Attock Cement was listed on the Karachi Stock Exchange. [5] Attock Cement went through a series of expansions, and now the company has a production capacity of 3 million tons annually as of 2018. [2] [6]
The reorganization included a revision of its capital structure which led to the incorporation of Attock Refinery Limited as a private limited company in 1978. [2] [4] The initial paid-up capital of the new company was PKR 80 million, which was subscribed by Attock Oil Company, the Government of Pakistan, and the general public. [4]
Attock Petroleum started its operations in 1998 and is third largest oil marketing company in Pakistan as of 2018. [5] [2]In 2005, Attock was listed on the Karachi Stock Exchange, following an initial public offering at a strike price of PKR 57.75.
Attock Oil Company, informally called Attock Group, also known as the Pharaon Group, is a UK-domiciled conglomerate company based in Manchester, England, United Kingdom. [3] It is the sole vertically integrated oil conglomerate company active in Pakistani market.
National Refinery Limited (NRL) is a Pakistani oil refinery which is a subsidiary of UK-domiciled Attock Oil Company. [2] It is based in Korangi Creek, Karachi. [3] [4]It is a petroleum refinery and petrochemical complex engaged in the manufacture and sale of asphalts, BTX, fuel products and lubes for domestic consumption and export.
According to the Economic complexity index, Pakistan is the 67th largest export economy in the world and the 106th most complex economy. [10] During the fiscal year 2015–16, Pakistan's exports stood at US$20.81 billion and imports at US$44.76 billion, resulting in a negative trade balance of US$23.96 billion.
The Pakistan Oilfields Limited is a Pakistani oil and gas exploration company which is a subsidiary of UK-domiciled Attock Oil Company. It is based in Rawalpindi, Punjab Province, Pakistan. [2] In 1978, Pakistan Oilfields took over the exploration and production business of Attock Oil Company. Since then, it has been investing independently.
Ghaith Rashad Pharaon (Arabic: غيث فرعون; September 7, 1940 – January 6, 2017), was a Saudi fugitive financier and businessman who was founder of Attock Group, Attock Cement, and at one time an investor in the Bank of Credit and Commerce International (BCCI), an international bank established by Pakistani financier Agha Hasan Abedi.