Pakistan Petroleum clinches Best Corporate Report Award

KARACHI: Pakistan Petroleum Limited (PPL) bagged the Best Corporate Report Award (BCRA) in the Fuel and Energy sector for its Annual Report 2010 recently.

The company stood first among five short-listed organisations for the third year in a row. This is the fifth BCRA that PPL has won, the first being in 2005, followed by 2007, 2008 and 2009.

The results were announced on November 11 at an event organised jointly by the Institute of Chartered Accountants of Pakistan (ICAP) and Institute of Cost and Management Accountants of Pakistan (ICMAP) that drew a large number of representatives from the finance and corporate sectors.

Managing Director and Chief Executive Officer Asim Murtaza Khan received the award from President, South Asian Federation of Accountants (SAFA) A.N.Raman, who was the chief guest on the occasion.

Chairman PPL Board Hidayatullah Pirzada, DMD Khalid Rahman, SGM Fasih-uz-Zaman and GMF and CFO Kamran Wahab Khan also attended the event.
The company achieved another distinction by being nominated for the SAFA Best Presented Accounts and Corporate Governance Disclosures Award in the manufacturing sector.

PPL is one of 18 other companies that will receive the award at an event scheduled on November 29 in Dhaka, Bangladesh.

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