Islamabad: (Parliament Times) Mari Petroleum Company (MPCL) won the Corporate Excellence Award in Oil and Gas Sector for best management practices. The award was conferred at 34th Corporate Excellence Award Ceremony held in Karachi.
The Corporate Excellence Award was instituted by the Management Association of Pakistan in 1982 with the aim to recognize and honor companies showing outstanding performance and demonstrating progressive and enlightened management practices.
The evaluation for the Awards comprised of four phases i.e. (i) shortlisting on the basis of dividend payouts during the last three years (ii) detailed financial assessment (iii) review of management practices, and (iv) management interviews.
The evaluation of awards was carried out and the results were compiled by a neutral third party consultant hired by MAP. MPCL first qualified for the Awards in 2016-17 on the basis of dividend payout and since then has emerged a winner in the Oil & Gas Sector every year.
Lt Gen Ishfaq Nadeem Ahmad (Retd), MD/CEO MPCL appreciated the efforts of Company employees and urged them to continue working with zeal and dedication to achieve the objectives of the organization, thus contributing towards the growth of national economy.