Blackstone Completes Previously Announced Acquisition of Sphera, Leading Provider of ESG Software, Data, and Consulting Services

NEW YORK and CHICAGO, Sept. 14, 2021 (GLOBE NEWSWIRE) — Sphera today announced that private equity funds managed by Blackstone (NYSE: BX, “Blackstone”) have completed their previously announced acquisition of Sphera, a leading provider of environmental, social and governance (ESG) software, data and consulting services, from Genstar Capital. The transaction, which values the company at $1.4 billion, continRead More…

Board Meeting of Pakistan Refinery Limited

Karachi, Pakistan Refinery Limited informed Pakistan Stock Exchange that the Board of Directors Meeting held on September 11, 2021, no material decision was taken by the Board.
Pakistan Refinery Limited was incorporated in Pakistan as a public limited company in May, 1960. The foundations of the company are based on the Companies Ordinance, 1984. The company is engaged in the production and sale of petroleum productsRead More…

Board Meeting of Pakistan Refinery Limited

Karachi, Pakistan Refinery Limited informed Pakistan Stock Exchange that the Board of Directors Meeting held on September 11, 2021, no material decision was taken by the Board.
Pakistan Refinery Limited was incorporated in Pakistan as a public limited company in May, 1960. The foundations of the company are based on the Companies Ordinance, 1984. The company is engaged in the production and sale of petroleum productsRead More…

Madison Realty Capital Originates $450 Million Construction Loan for 1,098-unit Mixed Use Development in Downtown Brooklyn

NEW YORK, Sept. 14, 2021 (GLOBE NEWSWIRE) — Madison Realty Capital, a vertically integrated real estate private equity firm focused on debt and equity investment strategies, today announced it has provided a $450 million loan to The Rabsky Group, one of the largest residential and commercial developers in Brooklyn and Queens, to complete development of a 1,098-unit, 35-story multifamily and retail mixed-use prRead More…

PTCL Group joins hands with NOWPDP for Justuju Internship Program for Persons with Disabilities

Islamabad, September 14, 2021 (PPI-OT): Pakistan Telecommunication Company Limited (PTCL) and Ufone has signed an MoU to launch 2nd batch of Justuju Internship Program in collaboration with Network of Organizations Working with Persons with Disabilities Pakistan (NOWPDP).
Justuju includes a structured professional development plan for PWDs, focusing on training and enabling them to be part of the country’s mainstreRead More…

German Economic delegation visits the OICCI

Karachi, September 14, 2021 (PPI-OT): A 20-member German Emirati Chamber of Commerce and Industry (AHK) business delegation, which is visiting Pakistan for a first-hand assessment of business and investment opportunities in the country held a meeting on September 13. 2021 with foreign investors, members of Overseas Investors Chamber of Commerce and Industry (OICCI). The German Business delegation, which included the Read More…

Engro signs PKR 4,500 million Islamic syndicated facility with Meezan Bank

Karachi, September 14, 2021 (PPI-OT): Engro Enfrashare, a wholly owned subsidiary of Engro Corporation, has entered into an Islamic syndicate arrangement amounting to PKR 4,500 million, led by Meezan Bank and Faysal Bank. The proceeds raised through this Islamic syndication would be utilized to finance the development of tower sites for various mobile network operators (MNOs) operating in Pakistan.
As per terms of thRead More…

Faisalabad Electric Supply Company electrified 170 villages in its region during the current year with an estimated cost of Rs.460 million

Faisalabad, September 14, 2021 (PPI-OT): Faisalabad Electric Supply Company (FESCO) has electrified 170 villages in its region during the current year with an estimated cost of Rs.460 million. According to details, the FESCO construction directorate also completed 142 Low-Tension (LT) proposals and seven High-Tension (HT) proposals during this period and spent Rs 460.101 million on these projects. One special directiRead More…

VIS Withdraws Entity and Sukuk Ratings of Hascol Petroleum Limited

Karachi, September 14, 2021 (PPI-OT): VIS Credit Rating Company Ltd. (VIS) has withdrawn the Entity and Sukuk ratings assigned to Hascol Petroleum Limited of ‘CC/C’ and ‘D’ respectively, with immediate effect on account of non-renewal of contract. The previous rating action was announced on March 30, 2021.
For more information, contact:
Director Compliance and Rating Analytics,
VIS Credit Rating Company LimitRead More…

Mondelez Pakistan steps up Covid-19 Response, Supports Government’s Vaccination Initiative

Karachi, September 14, 2021 (PPI-OT): In accordance with the health and safety guidelines, Mondelez Pakistan, one of Pakistan’s leading confectionery companies, has announced the completion of its COVID-19 vaccination drive. As a result, more than 70% of its workforce at the Hub plants has been fully vaccinated to tackle the pandemic.
The vaccination camp was set up at the Confectionary Plant in Hub where employeesRead More…