Rupee devaluation impacts Shell Pakistan's bottom line.

The Board of Directors of Shell Pakistan Limited announced the second quarter results for the company on 21st August. The Company posted an after tax loss of PKR 1,704 million compared to the profit of PKR 247 million made in the same period last year.

While the Company was able to maintain and grow its market share in a declining industry, its overall financial results were impacted by some of the macro-economic challenges being faced by the country, primarily due to another unprecedented devaluation of the rupee and volatility in the international...