Posts tagged as: Refinery

A matter of weeks: Byco ready to utilise its Hub refinery

KARACHI:  Byco International Incorporated (BII) is ready to fully utilise its 120,000 barrels per day (bpd) crude oil refinery after a long-pending issue related to the transportation mode of diesel was resolved, a top company official said. The company is waiting for high monsoon tides to recede before embarking on the operation of moving the […]

Jailed British tycoon fights for stake in Pakistan refinery

KARACHI:  Even from a Dubai prison cell Ryan Cornelius is fighting for his ownership of Indus Refinery Limited (IRL), which has been dormant for years and a key reason behind incarceration of the once high-flying British businessman. Recently, Cornelius got a stay order from the Sindh High Court against any sale of IRL’s equipment and […]

Corporate results: Pakistan Refinery finally turns profitable

KARACHI:  On Wednesday, Pakistan Refinery (PRL) announced a spectacular turnaround in fortunes as it converted losses of the previous year to profits in the fiscal year 2012-13. The country’s third largest refinery has been accumulating losses over the years, which had grown to Rs2.49 billion as of June 30, 2013 casting a shadow on the […]

Corporate results: Pakistan Refinery finally turns profitable

KARACHI:  On Wednesday, Pakistan Refinery (PRL) announced a spectacular turnaround in fortunes as it converted losses of the previous year to profits in the fiscal year 2012-13. The country’s third largest refinery has been accumulating losses over the years, which had grown to Rs2.49 billion as of June 30, 2013 casting a shadow on the […]

Corporate results: Pakistan Refinery finally turns profitable

KARACHI:  On Wednesday, Pakistan Refinery (PRL) announced a spectacular turnaround in fortunes as it converted losses of the previous year to profits in the fiscal year 2012-13. The country’s third largest refinery has been accumulating losses over the years, which had grown to Rs2.49 billion as of June 30, 2013 casting a shadow on the […]

Corporate results: Pakistan Refinery finally turns profitable

KARACHI:  On Wednesday, Pakistan Refinery (PRL) announced a spectacular turnaround in fortunes as it converted losses of the previous year to profits in the fiscal year 2012-13. The country’s third largest refinery has been accumulating losses over the years, which had grown to Rs2.49 billion as of June 30, 2013 casting a shadow on the […]

Corporate results: Pakistan Refinery finally turns profitable

KARACHI:  On Wednesday, Pakistan Refinery (PRL) announced a spectacular turnaround in fortunes as it converted losses of the previous year to profits in the fiscal year 2012-13. The country’s third largest refinery has been accumulating losses over the years, which had grown to Rs2.49 billion as of June 30, 2013 casting a shadow on the […]

Corporate results: Pakistan Refinery finally turns profitable

KARACHI:  On Wednesday, Pakistan Refinery (PRL) announced a spectacular turnaround in fortunes as it converted losses of the previous year to profits in the fiscal year 2012-13. The country’s third largest refinery has been accumulating losses over the years, which had grown to Rs2.49 billion as of June 30, 2013 casting a shadow on the […]

Pakistan Refinery launches bonds, targeting to raise Rs4 billion

KARACHI:  “Putting your money where your mouth is” may just be an everyday idiomatic expression for most of us, but the senior management of Pakistan Refinery Limited (PRL) seems to have taken it quite literally. To show confidence in the company’s financial prospects, its senior officials pledged a total of Rs8 million in their personal […]

Pakistan Refinery launches bonds, targeting to raise Rs4 billion

KARACHI:  “Putting your money where your mouth is” may just be an everyday idiomatic expression for most of us, but the senior management of Pakistan Refinery Limited (PRL) seems to have taken it quite literally. To show confidence in the company’s financial prospects, its senior officials pledged a total of Rs8 million in their personal […]

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