KARACHI: Pakistan Petroleum Limited (PPL) Annual Report 2009 was chosen as the best in all sectors at the Best Corporate Report Awards (BCRA), said a press release on Monday.
The company also stood first among five short-listed organisations in the Fuel and Energy sector for the second year in a row. This is the fourth BCRA that the company has won, the first being in 2005, followed by 2007 and 2008.
The results were announced on October 22 at an event organised jointly by the Institute of Chartered Accountants of Pakistan and Institute of Cost and Management Accountants of Pakistan that drew a large number of representatives from the finance and corporate sectors as well as the media.
PPL Chief Executive Officer Khalid Rahman, accompanied by PPL’s senior management, received the award from Dean, Institute of Business Administration Dr Ishrat Hussain, who was the chief guest on the occasion.
The award affirms PPL’s adherence to best corporate governance practices and transparent accounting and financial reporting procedures in the interest of the company and its stakeholders, the press release said.
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