PAK ARAB REFINERY LTD (PARCO) is a fully integrated energy company and is one of the largest companies in the Pakistan’s corporate sector with an asset base of approximately Rs. 168 billion. PARCO, a Joint Venture between Government of Pakistan and the Emirate of Abu Dhabi was incorporated as a public limited company in 1974. Government of Pakistan holds 60% of the share holding while 40% of the shares are held by Emirate of Abu Dhabi through its Abu Dhabi Petroleum Investment Company L.L.C. (ADPI), a subsidiary group of International Petroleum Investment Company (IPIC) .