Corporate Watch


TPL launches container tracker at Gwadar

KARACHI: TPL Trakker Ltd on Monday launched container tracking services from Gwadar Port.

The company aims to cater projected demand of one million annual container trips of the China-Pakistan Economic Corridor cargo movement, said a press release.

TPL is the only service provider of container tracking for bonded cargo in the country with its security solutions and operational infrastructure.—Staff Reporter

NCPL to issue Rs2.5bn sukuk

KARACHI: Nishat Chunian Power Ltd (NCPL) plans to issue sukuk of up to Rs2.5 billion, the company announced in a notice issued on stock exchange.

NCPL has appointed BankIslami as the lead adviser for the transaction which will be structured on Musharakah basis. The two-year sukuk issue will offer semi-annual profit payments with a floating rate of six-month Karachi interbank offer rate plus 200 basis points.

The company plans to use the funds for general business requirement.

Published in Dawn, January 21st, 2020