Tariq Glass to invest Rs1bn in Baluchistan Glass

News Image

MG News | October 03, 2024 at 03:14 PM GMT+05:00

0:00

October 03, 2024 (MLN): The shareholders of Tariq Glass Industries Limited (PSX: TGL) have resolved to renew an investment of up to Rs1 billion in Baluchistan Glass Limited (PSX: BGL), an associated company.

This investment will be provided in the form of a short-term loan, advance, or running finance as needed by BGL for a further period of one year from the date of approval, on a rollover or renewable basis.

Notably, the return on any outstanding loan amount will be the average borrowing cost of TGIL plus 1% or 3MK plus 1.50%, whichever is higher, along with other terms and conditions disclosed to the members.

Additionally, the members have empowered the Managing Director/CEO and/or any Director of the Company to make decisions regarding this investment.

Copyright Mettis Link News

 

Related News

Name Price/Vol %Chg/NChg
KSE100 138,412.25
167.69M
0.32%
447.43
ALLSHR 85,702.96
423.92M
0.15%
131.52
KSE30 42,254.84
82.09M
0.43%
180.24
KMI30 194,109.59
84.37M
0.15%
281.36
KMIALLSHR 56,713.67
217.03M
0.03%
16.37
BKTi 37,831.34
13.04M
1.62%
603.62
OGTi 27,440.63
3.93M
-0.09%
-23.70
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 118,805.00 119,740.00
118,145.00
510.00
0.43%
BRENT CRUDE 73.19 73.19
71.75
0.68
0.94%
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 70.01 70.02
68.45
0.80
1.16%
SUGAR #11 WORLD 16.48 16.58
16.37
-0.11
-0.66%

Chart of the Day


Latest News
July 30, 2025 at 05:54 PM GMT+05:00

Pakistan BCI decreased by 1.2 points in July


July 30, 2025 at 05:17 PM GMT+05:00

Pakistan consumer confidence falls to 40.1 points in July


July 30, 2025 at 05:03 PM GMT+05:00

PKR rises by 10 paisa against USD



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg