Nishat Power Limited’s material information

Karachi, July 01, 2013 (PPI-OT): In connection with the Listing Regulation under the Code of Corporate Governance, we are pleased to convey the following information:

We have to inform you that the Company has received overdue receivables amounting to PKR 7.080 billion from Central Power Purchasing Agency (CPPA). Further we would like to clarify that there is no reduction in delay mark up rate of existing 4.5% to 2.5% as mentioned in some newspapers.

For more information, contact:
Khalid Mahmood Chohan
Company Secretary
Nishat Power Limited
1-B, Aziz Avenue, Canal Bank,
Gulberg Lahore
Tel: +92-42-35717090
Fax: +92-42-35717239

Leave a Reply