The rating reaffirmation takes into account BTPL's financial risk profile characterized by reduced operating margin of 3.9% and net losses of Rs.
Bharat Tissus Private Limited (BTPL), incorporated in the year 1995, is in the business of manufacturing silk fabric and readymade garments.
SPM with draft of more than 25 meters will allow mooring of Larger Crude & Product Carriers, will result in lower administrative costs and bring substantial savings on account of difference in freight charges, BTPL press release said Tuesday.
Karachi -- Byco Terminals Pakistan Limited BTPL achieved mechanical completion of country's first Single Point Mooring SPM Buoy facility for offloading imported crude oil and petroleum products.
During the proceedings, BTPL's counsel Barrister Syed Ali Zafar pleaded before the bench to grant 7.5 years for making full payment.
The top court further ruled that in last 3 years, the BTPL shall pay the remaining amount per month in equal instalments with additional 4 per cent mark-up per annum.
Modifying the offer, the top court ruled that BTPL will have to pay Rs460 billion.
The top court also accepted the offer of BTPL's Malik Riaz with some modifications to settle a case pertaining to occupation of Malir Development Authority's land of around 17,000 acres.
ISLAMABAD -- The Supreme Court on Thursday restrained National Accountability Bureau from filing a reference against Bahria Town (Pvt) Limited (BTPL) and allowed the Company to lease the properties to third parties including those who purchased plots in Bahria Town Karachi (BTK).
Byco Terminal Pakistan Limited (BTPL
) is wholly owned subsidiary of BYCO.
We are pleased to inform that the honorable High Court of Sindh at Karachi through its order dated January 19, 2017, received on April 3, 2017, and has sanctioned the merger of Byco Oil Pakistan Limited (BOPL) and Byco Terminals Pakistan Limited (BTPL
) with and into the Company from the effective date of the scheme.
The payment will be made through daily instalments of 30% of sales proceeds collected or depositing in BTPL
's accounts relating to project land.