27th May 2016
Hascol to Build Oil Storage Facility at Port Qasim
In this regard, the principal firm, Hascol Petroleum, owns a 15% equity stake in the joint venture while remaining stake is owned by other sponsors / investors. Through this venture, the company would invest further Rs 375 million in Pakistan while total paid up capital of the new company would be Rs 2,500 million divided into 250 million shares of Rs 10/ each. However, investment of Rs 375 million in joint venture by the company is subjected to approval of the investment by the shareholders.