KARACHI (PR) - Pakistan Petroleum Limited (PPL) was adjudged the largest corporate giver by total volume of donations for 2011 at the Corporate Philanthropy Awards hosted by Pakistan Centre for Philanthropy in Karachi the other day. The company bagged the award for the eighth consecutive year in the same category.

Speaker Sindh Assembly Nisar Ahmed Khuhro presented the award to PPL’s Deputy Managing Director Moin Raza Khan. The event was attended by leading businessmen, representatives of multinational companies, government and civil society representatives, donors and media. Khuhro, speaking at the event, highlighted the government’s inability and constraints in reaching out to disadvantaged segments of society and commended the corporate sector for bridging the gap.

As a responsible corporate organization with a stake in the country’s development spanning over 60 years, PPL believes in sharing the benefits of development with underprivileged communities, primarily in and around its operational areas with initiatives in community healthcare, education, livelihood generation, infrastructure development and disaster relief and rehabilitation. Though the company has an earmarked budget of 1.5 percent pre-tax profit for CSR projects, actual spending touches nearly 2.5 percent.