FFBL to invest Rs9.6 billion in Fauji Foods

    By NewzTodays Editorial Team | November 19, 2020

    Aftab Ahmed Fauji Fertilizer Bin Qasim Limited (FFBL) will invest Rs 9.6 billion in Fauji Foods Limited (FFL) to achieve a turnaround. It is seeking its shareholders’ approval to invest Rs3.5 billion in Fauji foods Limited directly. Moreover, it will also provide a corporate guarantee to financial institutions to provide an Rs6.1 billion loan to…

    Mari intends to acquire Foundation Wind

    By NewzTodays Editorial Team | October 20, 2020

    The MPCL board of directors has approved the submission of an expression of interest for the acquisition of majority shares, collectively held by Fauji Foundation and Fauji Fertilizer Bin Qasim Limited, in Foundation Wind Energy-I Limited and Foundation Wind Energy-II Limited. ‘We are pleased to inform that MPCL Board of Directors in its meeting held…