MoU
TPL Properties to setup REIT Management company in Pakistan
Karachi, January 14: TPL Properties has signed a Memorandum of Understanding (MOU) with Equitativa, the largest Real Estate Investment Trusts (REIT) manager in the GCC and manager of Emirates REIT, to form a REIT Management Company (RMC) in Pakistan. Together, Equitativa and TPL Properties will launch real estate investment trusts for the first time under JV…
Engro Polymer signs $35mn Ijarah based long term financing facility with IFC
KARACHI, November 8, 2018: Engro Polymer and Chemicals Limited (EPCL) announced financing of USD 35 million from International Finance Corporation (IFC), for expansion plans for its production plant of PVC – a chemical used in making numerous plastic products construction materials like water and sewerage pipes, cables, and consumer items like shoes, packaging films, etc…