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United Auto Industries (Pvt) Ltd. came into existence in 1999 by introducing economical 4-stroke motorcycles and Auto rickshaws with the brand name of UNITED. [ citation needed ] United Auto is now engaged in manufacturing of loaders , scooters , rickshaws and bikes in Pakistan.
The United Energy Group (UEG) (SEHK: 467) is a Chinese oil & gas exploration and production company. The company pursues projects in Pakistan and Indonesia and is looking into further investment options in South East Asia and the Americas.
In 2007, Occidental Petroleum exited Pakistan and solds its assets to BP Pakistan. [1] In 2011, United Energy Group acquired the Pakistani assets of BP and BP Pakistan was renamed as UEP. [2] [3] A year later, in 2012, UEP secured a credit line of $5 billion from China Development Bank for its Pakistani operations and other potential acquisitions.
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$23.96 billion. [11]
Group name Headquarters Publicly listed companies Reference(s) Adamjee Group: Karachi – Atlas Group: Lahore: Atlas Honda, Honda Atlas, Atlas Battery, Atlas Insurance [1] AKD Group: Karachi: AKD Hospitality, AKD Securities: Arif Habib Group: Karachi: Arif Habib Limited, Aisha Steel Mills, Fatima Fertilizer, Javedan, Power Cement, Safe Mix ...
In 1972, Prime Minister Zulfiqar Ali Bhutto began a Nationalisation in Pakistan plan to take over privately-run companies. United Chemicals was nationalized by the Pakistani Government, renamed Ittehad Chemicals, and put under the control of the Federal Chemical and Ceramics Corporation Limited (FPCCL). Another company, Insecticide Pakistan ...
In January 1992, Bibojee Group acquired National Motors Limited for PKR 150.44 million (US$ 24.50 million), under the privatization scheme of the Government of Pakistan. [7] [8] [5] The Bibojee companies are owned by the heirs of Habibullah Khan Khattak. In 1999, the company was renamed to its original name. [5]
In 2009, PEL became the sole distributor of LG Corporation's home appliances in Pakistan. In February 2018, the World Bank imposed a 33-month debarment on PEL, its affiliates PEL Marketing, Kohinoor Power Company, and its former general manager, Abdul Waheed Butt, for engaging in collusive practices during bidding on World Bank-financed ...