KAPCO appoints Lt-Gen Muhammad Saeed (retd) as chairman
The listed IPP disclosed the development in its notice to the Pakistan Stock Exchange (PSX) on Friday.
'We have to inform you that Lt. General Muhammad Saeed (retd) has/been appointed as chairman/director with effect from 2025-08-15 in place of Lt. General Sajjad Ghani (retd),' read the notice.
Last month, KAPCO received shareholder approval to sell its Gas Turbines GT-3 and GT-4, along with associated components, to Rizwan Steel (Private) Limited for Rs800 million.
It shared that Shahab Qader Khan, Chief Executive and/or Adolf Anthony Rath, company secretary, are authorised to dispose of the plant and machinery and to act on behalf of the company.
Incorporated in Pakistan on April 25, 1996, as a public limited company, KAPCO's principal activities are to own, operate and maintain a multi-fuel-fired power station with fifteen generating units with a nameplate capacity of 1,600 MW in Kot Addu, Punjab.
On June 27, 1996, following international competitive bidding by the Privatisation Commission Government of Pakistan, the company was privatised.
In February 2005, the Privatisation Commission (on behalf of WAPDA) sold another 18% of WAPDA shareholding in the Company to the General Public and the Company became listed. The Company is currently listed on the Pakistan Stock Exchange.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Express Tribune
15 minutes ago
- Express Tribune
PSX pauses below 147,000
The Pakistan Stock Exchange (PSX) closed the last trading session of the week on a muted note, with the benchmark KSE-100 index slipping 38 points, or 0.03%, to settle at 146,491. The market struggled to hold above the 147,000 mark as investors squared off positions ahead of the weekend. Sentiment remained mixed, with traders opting for a cautious stance while awaiting fresh triggers to guide the next market move, said Deputy Head of Trading at Arif Habib Ltd, Ali Najib. On the sectoral front, EFERT, LUCK, ENGROH, MEBL, and AIRLINK emerged as the major gainers, contributing a combined 512 points to the index. Their gains were offset by declines in OGDC, UBL, PPL, HUBC, and MARI, which collectively shaved off 499 points. Market Snapshot – August 15, 2025 Unlock today's market moves and stay one step ahead! — PSX (@pakstockexgltd) August 15, 2025 Trading activity slowed compared to the previous day, with 472 million shares changing hands, amounting to a turnover of Rs32.8 billion. ASL topped the volume charts with 30 million shares traded. The benchmark extended its winning streak to eight consecutive weeks, advancing 1,108 points, or 0.76%, over the period. Opening the week at 145,650, the index touched a high of 147,977 and a low of 145,259 before closing at 146,491. Analysts believe progress on circular debt resolution could sustain buying momentum, though a phase of consolidation or mild correction cannot be ruled out. Immediate support is seen at the 145,000 and 143,000 levels, while resistance remains at 148,000.
Business Recorder
6 hours ago
- Business Recorder
KAPCO appoints Lt-Gen Muhammad Saeed (retd) as chairman
Kot Addu Power Company Limited (KAPCO) has appointed Lt. General Muhammad Saeed (retd) as the company's new chairman and director. The listed IPP disclosed the development in its notice to the Pakistan Stock Exchange (PSX) on Friday. 'We have to inform you that Lt. General Muhammad Saeed (retd) has/been appointed as chairman/director with effect from 2025-08-15 in place of Lt. General Sajjad Ghani (retd),' read the notice. Last month, KAPCO received shareholder approval to sell its Gas Turbines GT-3 and GT-4, along with associated components, to Rizwan Steel (Private) Limited for Rs800 million. It shared that Shahab Qader Khan, Chief Executive and/or Adolf Anthony Rath, company secretary, are authorised to dispose of the plant and machinery and to act on behalf of the company. Incorporated in Pakistan on April 25, 1996, as a public limited company, KAPCO's principal activities are to own, operate and maintain a multi-fuel-fired power station with fifteen generating units with a nameplate capacity of 1,600 MW in Kot Addu, Punjab. On June 27, 1996, following international competitive bidding by the Privatisation Commission Government of Pakistan, the company was privatised. In February 2005, the Privatisation Commission (on behalf of WAPDA) sold another 18% of WAPDA shareholding in the Company to the General Public and the Company became listed. The Company is currently listed on the Pakistan Stock Exchange.
Business Recorder
8 hours ago
- Business Recorder
Pakistan Refinery to shut down plant for ‘approximately 15 days'
Pakistan Refinery Limited (PRL) announced on Friday that it will be shut down from August 17 for 15 days. This was shared by the listed company in a notice to the Pakistan Stock Exchange (PSX) today. 'The Pakistan Refinery Limited is carrying out its regeneration shutdown starting from August 17, 2025, for approximately 15 days,' the PRL informed the bourse. The company is optimising its crude intake to align with its refinery configuration, prioritising crude types that enhance yields. Key upgrades include the Refinery Expansion and Upgradation Project (REUP), which targets the production of EURO-V compliant fuels (HSD and MS); installation of advanced deep conversion refinery technology to minimise furnace oil production; and doubling refinery capacity from 50,000 bpd to 100,000 bpd.
