Pace Barka secures JV for Rs5.53bn waste management contract

MG News | November 28, 2024 at 12:28 PM GMT+05:00

0:00

November 28, 2024 (MLN): Pace Barka Properties Limited has entered into a partnership joint venture (JV) with Ever Green Water Valley (Pvt.) Limited and Initiative (Pvt.) Limited for the grant of a Waste Management Service Contract by Lahore Waste Management Company (LWMC) for Tehsil Ferozewala, District Sheikhupura.

The joint venture will last for a period of 4 years and is valued at Rs5.529 billion.

It is important to note that Pace Barka Properties will hold a significant 25% stake in this joint venture.

This development was announced by Pace (Pakistan) Limited (PSX: PACE), which holds a 52% stake in Pace Barka Properties Limited, making it the parent company.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	138,597.36 256.32M	-0.05% -68.14
ALLSHR	85,286.16 608.38M	-0.48% -413.35
KSE30	42,340.81 77.13M	-0.03% -12.33
KMI30	193,554.51 76.19M	-0.83% -1627.52
KMIALLSHR	55,946.05 305.11M	-0.79% -443.10
BKTi	38,197.97 16.53M	-0.59% -225.01
OGTi	27,457.35 6.73M	-0.94% -260.91

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	117,670.00	121,165.00 117,035.00	-1620.00 -1.36%
BRENT CRUDE	69.23	70.77 69.14	-0.29 -0.42%
RICHARDS BAY COAL MONTHLY	96.50	0.00 0.00	2.20 2.33%
ROTTERDAM COAL MONTHLY	104.50	104.50 104.50	-0.30 -0.29%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	66.03	67.54 65.93	-0.20 -0.30%
SUGAR #11 WORLD	16.79	17.02 16.71	0.05 0.30%