KARACHI: Pakistan State Oil (PSO) on Monday signed a memorandum of understanding (MoU) for fuel supply with Kot Addu Power Company for its planned 400-500MW expansion project of its Kapco complex, says a press release.

KARACHI: JCR-VIS Credit Rating Company has reaffirmed the medium to long-term and short-term entity ratings of Meezan Bank Limited (MBL) at ‘A+’ (Single A Plus) and ‘A-1’ (A One), respectively. Outlook on the medium to long-term ratings is stable, says a press release.

MOSCOW: Russian state-controlled oil giant Rosneft bought a row of valuable assets on Monday formerly owned by shattered oil major Yukos, Rosneft said in a statement.

Rosneft bought a group of trading companies and related assets, including Yukos’ former headquarters in central Moscow, from a shadowy company called Prana that won the assets at a Yukos bankruptcy auction in May.—AFP