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Multan:
Capt. Jamil Akhtar – CEO Takaful Pakistan, Mazhar Bokhari – Head of Int'l Operations Gulf African Bank , Asim Saleem – Area Manager Meezan Bank, Aamar Bokhari - Manager DIB & Zubair Mughal CEO AlHuda CIBE at concluding Ceremony of 2 Days Specialized Workshop at Multan on 12th Feb, 2008 |
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Faisalabad:
Group Photo of 2 Days Specialized Workshop on Islamic Banking & Finance at Preston University Faisalabad organized by AlHuda CIBE on 9th February, 2008 |
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| Saudi Arabia to invest $3bn in Bangladesh |
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DHAKA: Bangladesh and Saudi Arabia on Saturday has signed a deal to invest $3 billion to set up an oil refinery with a capacity to produce 300,000 barrels of oilproducts a day.
Hi-Tech International Group (HTIG) of Saudi Arabia and Cosmopolitan Oil Refinery Management Limited (CPORML) of Bangladesh signed the deal to implement the project within the next 40 months, chairman of CPORML said.
“If everything goes well, we will be able to go for production on time,” Dewan Sultan Ahmed, chairman of the CPORML told reporters after signing the deal.The plant will be set-up with 100 per cent foreign direct investment and it will import more than 5 million tonnes of crude oil from Saudi Arabia, Sultan said. The entire final product will be exported in neighbouring counties, he added.
The production capacity of the proposed refinery will be more than three times of the state-run Bangladesh Eastern Refinery Limited (BERL), the lone refinery plant in the country, Sultan said. |
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