KARACHI, November 24, 2010: Pakistan Petroleum Limited (PPL) clinches third consecutive MAP Award

Pakistan Petroleum Limited (PPL) achieved another milestone by bagging the prestigious Management Association of Pakistan’s (MAP) 27th Corporate Excellence Award in the Fuel and Energy sector for the third consecutive year. This award affirms the company’s adherence to best corporate governance practices.

Chairman, PPL Board of Directors Hidayatullah Pirzada and MD and CEO Khalid Rahman jointly received the award from Dean and Director, Institute of Business Administration and former governor State Bank of Pakistan Dr. Ishrat Husain, who was chief guest on the occasion. The event, held at the Beach Luxury Hotel, Karachi, drew business leaders and print and electronic media representatives.

The MAP Corporate Excellence Awards, now in their 27th year, were instituted in 1982 to recognize companies demonstrating outstanding performance and best corporate governance practices adjudged through a stringent evaluation process by an independent committee.