Web Desk
Islamabad, January 09, 2023 (PPI-OT):Mari Petroleum Company Limited (MPCL) has made a landmark gas discovery at Mari Ghazij-1 exploration well, drilled in Mari Development and Production Lease (Mari D and PL) area, located in Sindh Province. MPCL is the Operator of Mari D and PL with 100% working interest. The well was spudded-in on November…
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Faisalabad, January 09, 2023 (PPI-OT):Faisalabad Electric Supply Company (FESCO) Board of Directors were provided an orientation training on the topics of Corporate Governance rules, Board powers, Audit and Finance rules, working of Sub-Committees of the board of directors in a local hotel at Faisalabad. The senior instructors of the Institute of Cost and Management Accountants…
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Karachi, January 09, 2023 (PPI-OT):Chairman National Electric Power Regulatory Authority (NEPRA) Touseef Hassan Farooqi, while expressing sheer disappointment over the performance of DISCOs across Pakistan including K- Electric, stated that KE, being a private entity was better as compared to other DISCOs as KE has drastically brought down Transmission and Distribution (T and D) losses…
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Karachi, January 09, 2023 (PPI-OT):Commercial Attache of the Republic of Turkey Eyyup Yildirim has said that several Turkish companies have invested around US$2 billion in numerous sectors of Pakistan’s economy but this was not enough as there was a room for more Turkish investment through joint ventures particularly in the maritime, hospitality and other potential…
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Lahore, January 09, 2023 (PPI-OT):The assigned rating emanates from ISE Towers REIT Management Company Ltd.’s (“ISE Towers or “The Company”) business profile characterized by stable operating revenue and strong customer base. The diversified shareholding pattern of the Company comprises 219 shareholders (Corporates, Banks, DFIs, Insurance Companies, Modarabas, pension funds, and others). The assigned rating incorporates…
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Lahore, January 09, 2023 (PPI-OT):The ratings take comfort from strong business profile of Foundation Power Company Daharki Limited (Foundation Power) emanating from the demand risk coverage under Power Purchase Agreement and company’s association with Fauji Foundation (FF). Meanwhile, the Implementation Agreement provides sovereign guarantee for cashflows, given adherence to agreed performance benchmarks. The ratings incorporate…
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Karachi, January 09, 2023 (PPI-OT):VIS Credit Rating Company Limited (VIS) has reaffirmed the entity ratings of Artistic Denim Mills Limited (ADML) at ‘A-/A-2’ (Single A Minus/ A-Two). The medium to long-term rating of ‘A-’ signifies good credit quality and adequate protection factors; risk factors may vary with possible changes in the economy. The short-term rating…
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