PPL bags top award for philanthropy

KARACHI: The Pakistan Petroleum Limited (PPL), was declared largest corporate philanthroper for the large volume of donations for 2017 by the Pakistan Centre for Philanthropy (PCP) based on their regular annual survey of corporate philanthropy trends. This is the 14th consecutive year when the PPL has received the award in this category.

The award was jointly received by PPL’s DMD (Coord.) Khalid Raza and GMCS Furqan Uddin Sheikh from eminent businessman and Pro Chancellor, Lahore University of Management Sciences, Syed Babar Ali during the Pakistan Philanthropy Forum 2019 organized by the PCP at the Institute of Business Administration, Karachi Campus, on March 20. The event was attended by a large gathering of business leaders, development organizations and media.

As a responsible national company, PPL has remained committed to serving the nation and spurring development over the last six decades through diverse and long-term Corporate Social Responsibility (CSR) programme. With a minimum spend of 1.5 percent of pre-tax profit, the company’s actual CSR spending exceeds that threshold. During 2017-2018, for instance, the company spent Rs. 1.171 billion on CSR initiatives, which works out to about 1.85 percent of pre-tax profit. The PPL’s CSR programme focuses on need-based interventions in education, healthcare, livelihood generation and infrastructure development for underserved communities residing around the company’s operational areas as well as in urban centres.