Thereafter the name of the Maxcorp Husnain (pvt) Ltd was changed to the Mainland Husnain Pakistan Limited (MHPL).
The Pakistan Railways during the stint of Khwaja Saad Rafiq as railways minister on May 26, 2016 terminated the lease agreement as the MHPL defaulted on timely payments, failed to send audited statements and construct a five-star hotel and carried out unauthorised construction.
The agreement between them proposed that Thal Limited, the parent company of MHPL would own a majority stake in the company comprising substantially all the real estate of both MHPL and MCCP while Metro Cash and Carry will hold a major part of the operational business of MHPL and MCCP.
Such arrangement was proposed to yield benefits in the form of economies of scale to the two businesses and resultantly to the shareholders of MCCP and MHPL. At that time both the companies ran five wholesale cash and carry stores each in Pakistan, with stores located in the cities of Faisalabad, Islamabad, Karachi and Lahore.
For the past few months, full page advertisements on MHPL
Healthcare Risk Management Services have appeared in the official magazine of the Delhi Medical Association ( DMA) which is circulated among 10,000 members of the association in the Delhi region.
It has been established during the investigation the above mention accused person has committed the offense of Corruption / corrupt practices through misuse of authority by the illegal award of 49 years lease of Railway Golf Club Lahore measuring 140 acres in 2001 to M/s Mainland Hasnain Pakistan Ltd (MHPL
) for commercial purposes.
Justice Shams Mehmood Mirza issued notices on a petition, filed by Ramzan Sheikh, Chairman Mainland Husnain Pakistan Ltd (MHPL), impleading Secretary Railways Parveen Agha, Inspector General of Police Railways Munir Chishti and including Railways Minister etc.
During the hearing, the petitioner's counsel Aitzaz Ahsan submitted that the Railway administration illegally occupied the club on June 26 despite restraining orders of a civil court in a suit regarding an agreement between the railways and the MHPL.
19 July 2010 - Indian credit rating agency CRISIL lowered Friday to D from BB with a "stable" outlook the rating on the INR460m (USD9.8m/EUR7.6m) term loan of local Medica Hospitals Pvt Ltd (MHPL).
For arriving at the rating, CRISIL has combined the business and financial risk profiles of MHPL, Medica Pharmacy Pvt Ltd, Medica Synergie Pvt Ltd and North Bengal Clinic Pvt Ltd (NBCPL), together referred to as the Medica group.
It has been established during the investigation the accused have committed the offence of corruption and corrupt practices through misuse of authority by illegal awarding 49 years lease of the Railway Golf Club Lahore measuring 140 acres in 2001 to M/s Mainland Hasnain Pakistan Ltd (MHPL
) for commercial purposes.
KARACHI -- After announcing the plans to merge in June 2011, METRO Cash & Carry Pakistan (Private) Limited ("MCCP") and Makro-Habib Pakistan Limited ("MHPL
"), the shareholders of the two wholesale companies have successfully combined their businesses in Pakistan.