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Technolog & Business News from Pakistan

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The Bank of Punjab raises PKR 3bn Term Finance Facility for Orient Petroleum Inc

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The Bank of Punjab (BOP) has successfully raised PKR 3,000 million under a Syndicated Medium-Term Finance Facility for Orient Petroleum Inc. (OPI). A signing ceremony was held in Islamabad to mark the financial close of this transaction which was attended by OPI’s CEO, Mr. Kamran Ahmed and Mr. Umer Khan, Head of Investment Banking, BOP.

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Faysal Bank collaborates with PICG for Environment Social Governance

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BOP acted as the Mandated Lead Arranger, Agent Bank, Security Agent and Shariah Structuring Bank for the transaction. OPI, one of the leading oil and gas exploration companies in Pakistan, will be using this facility to undertake capital expenditure for the development of its oil and gas fields in Sindh, Punjab and Khyber Pakhtunkhwa.

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