BAPL cuts liabilities by 45%, awaits stable conditions for business

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MG News | July 10, 2023 at 11:57 AM GMT+05:00

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July 10, 2023 (MLN): Bawany Air Products Limited (PSX: BAPL) has reduced its liabilities significantly by 45%, making the balance sheet of the Company more stable and healthier, the company’s filing to the local bourse showed today.

“The Board of Directors (BoD) of the Company are very cautious of the current economic and political situation in the country, based on which any decision for further business activity will be decided.” It reads.

There are many business options under consideration, however, the current uncertain conditions do not support the business community.

We are trying to audit our account as soon as possible and have informed the auditor accordingly, it added.

BAPL’s principal activities are the production and trading of oxygen gas, dissolved acetylene, and nitrogen gas.

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