The board of directors of Hascol Petroleum Limited (HPL) has approved a scheme of arrangement that will restructure its debt once it has been approved by the company\’s secured creditors and members. The modified scheme was prepared under Sections 279 to 282 and 285 of the Companies Act, 2017, and incorporates feedback from HPL\’s creditors. […]
The Federal Investigation Agency (FIA) Commercial Banking Circle Karachi has made significant progress in investigating a Rs54-billion scam. 16 people, including officials from the National Bank of Pakistan (NBP) and 18 other banks, oil marketing companies, and the founding director of Hascol Petroleum have been arrested and detained. 30 officers have been nominated in the […]
[ The team of Federal Investigation Agency (FIA) Commercial Banking Circle Karachi said that it has made significant progress in the investigation of a Rs54-billion scam on Tuesday. Earlier, the FIA\’s team made several arrests and detained 16 accused in the financial fraud case including officials from the National Bank of Pakistan (NBP) and 18 […]
[ The team of Federal Investigation Agency (FIA) Commercial Banking Circle Karachi said that it has made significant progress in the investigation of a Rs54-billion scam on Tuesday. Earlier, the FIA\’s team made several arrests and detained 16 accused in the financial fraud case including officials from the National Bank of Pakistan (NBP) and 18 […]
[ The team of Federal Investigation Agency (FIA) Commercial Banking Circle Karachi said that it has made significant progress in the investigation of a Rs54-billion scam on Tuesday. Earlier, the FIA\’s team made several arrests and detained 16 accused in the financial fraud case including officials from the National Bank of Pakistan (NBP) and 18 […]
[ The team of Federal Investigation Agency (FIA) Commercial Banking Circle Karachi said that it has made significant progress in the investigation of a Rs54-billion scam on Tuesday. Earlier, the FIA\’s team made several arrests and detained 16 accused in the financial fraud case including officials from the National Bank of Pakistan (NBP) and 18 […]