ISLAMABAD: The Pakistani Navy on Friday signed a contract with a Chinese company to acquire two warships.
The signing ceremony was attended by senior officials and dignitaries from both countries. The navy said the ships will “substantially enhance” its combat capabilities and contribute to maritime security operations. With the signing of the contract, the Navy will have four Type 054A ships in its fleet by 2021.
The navy is planning to enhance its strategic presence in the Indian Ocean, which is increasing in significance in terms of global trade and geopolitics. The navy is also involved in the security of the Gwadar deep-sea port in southwest Pakistan.
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Pakistan Navy signs contract for 2 Chinese warships
Pakistan Navy signs contract for 2 Chinese warships
- The ships will “substantially enhance” its combat capabilities and contribute to maritime security operations, says the Navy
- The Navy will have four Type 054A ships in its fleet by 2021
Saudi Wafi Energy signs agreement to supply lubricants to Hyundai vehicles in Pakistan
- Wafi Energy Pakistan says Shell Helix HX8 0W-20 AH lubricant specifically caters to Hyundai vehicles’ requirements
- Lubricant delivers comprehensive engine protection and enhanced fuel efficiency, says Wafi Energy Pakistan
ISLAMABAD: Saudi company Wafi Energy Pakistan Limited announced on Wednesday that it has inked an agreement with Hyundai’s official manufacturing partner to supply premium lubricants for the company’s vehicles in Pakistan.
Wafi Energy, an affiliate of the Asyad Group, became the majority shareholder of Shell Pakistan Limited (SPL) in November 2024 and now holds approximately 87.78 percent of the total issued share capital of SPL, one of the oldest multinationals in Pakistan. The SPL has a network of over 600 sites, countrywide storage facilities and a broad portfolio of global lubricant brands.
Hyundai Nishat Motors is a joint venture among three leading international businesses: The Nishat Group, the Japan-based Sojitz Corporation and Millat Tractors Ltd. Hyundai Nishat Motors manufactures, markets and distributes Hyundai’s product line in Pakistan.
“Wafi Energy Pakistan Limited and Hyundai Nishat Motors have signed a strategic agreement for the supply of Shell lubricants for Hyundai vehicles in Pakistan,” the Saudi company said in a press release.
The contract signing ceremony in Lahore marked the launch of Shell Helix HX8 0W-20 AH, the company said.
Wafi Energy Pakistan said the lubricant is specifically designed in line with Hyundai’s technical specifications. It delivers comprehensive engine protection, enhanced fuel efficiency and optimized performance suited to local driving conditions across Pakistan, the statement said.
“Shell Helix HX8 0W-20 AH is the second co-branded lubricant introduced under the Hyundai–Shell collaboration in Pakistan, further expanding the jointly developed product range,” Wafi Energy said.
“Through this collaboration, customers can confidently rely on authentic, OEM-approved lubricants that meet the highest standards of performance and reliability.”
Wafi Energy has two retail stations in Pakistan’s Karachi and Rawalpindi cities. It has also built a 730-foot plastic road outside its Karachi head office using 2.5 tons of waste lubricant bottles.
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