Shell actively expanded its relationship with international and local banks, expanded trade-financing facility limits, negotiated for multi-currency trade-financing facility and worked with Shell Pakistan Limited’s supplier to accept local bank-issued letter of credit and alternative payment currency. These measures helped restore Shell Pakistan Limited’s supply security to its petrol stations.

Shell also worked collaboratively with various banking partners to implement initiatives which will allow the most effective use, access and preservation of cash in Pakistan. This includes investing surplus cash to reduce currency depreciation cost, when State Bank of Pakistan hiked interest rate from 2021-24 to more than 19%. Shell’s strategies are to preserve principal security by excluding high-risk securities and prioritising deposits with banks cleared internally for creditworthiness. Through perseverance and by leveraging existing bank relationships, Shell secured sufficient deposit options.