PKGP proposes renewal of loan of Rs 1bln to Lalpir Power and Rs 500mln to Nishat Hotels

By MG News | February 24, 2021 at 05:37 PM GMT+05:00

0:00

February 24, 2021 (MLN): The Board of Directors of Pakgen Power Limited (PKGP) has recommended the renewal of the loan of Rs 1 billion and Rs 500 mln extended to Lalpir Power Limited and Nishat Hotels and Properties Limited, PKGP's associate companies, for further one year, at the mark-up rate of 1-month KIBOR plus 1% (which shall not be less than the average borrowing cost of the company).

The aforesaid recommendation is subject to the approval of shareholders.

Copyright Mettis Link News

Related News

PSX Closing Bell: Holding Ground

BML Board authorizes CEO to execute deposit deal

Ghani Global secures SECP approval for share issuance

Name	Price/Vol	%Chg/NChg
KSE100	130,686.66 280.01M	0.26% 342.63
ALLSHR	81,305.25 897.01M	0.35% 281.26
KSE30	39,945.45 114.02M	0.09% 37.19
KMI30	190,698.05 148.61M	0.61% 1163.05
KMIALLSHR	55,074.15 495.43M	0.53% 290.50
BKTi	34,568.40 28.73M	-1.07% -372.33
OGTi	28,739.35 22.59M	1.57% 443.29

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	110,275.00	110,525.00 110,055.00	-140.00 -0.13%
BRENT CRUDE	68.75	68.89 68.71	-0.05 -0.07%
RICHARDS BAY COAL MONTHLY	97.50	0.00 0.00	-0.75 -0.76%
ROTTERDAM COAL MONTHLY	108.45	109.80 108.45	-0.55 -0.50%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	67.04	67.18 66.97	0.04 0.06%
SUGAR #11 WORLD	16.37	16.40 15.44	0.79 5.07%