Pakistan Petroleum Limited (PPL) (Urdu: پاکستان پیٹرولیم لمیٹڈ) is a Pakistani state-owned petroleum company. It was incorporated on 5 June 1950, when it inherited the assets and liabilities of the Burmah Oil Company Ltd. which initially holds 70% of the share with the rest mostly held by the government of Pakistan (GoP). As of June 2011, Government of Pakistan held 70.66% of the shares.