Karachi: TPL Properties Limited has announced the formation of a technical committee by the Ministry of Energy (Petroleum Division) to assess and contain the impact of a recent fire incident at Korangi Creek. The announcement was made in compliance with Section 96 of the Securities Act, 2015, and Clause 5.6.1 (a) of the Pakistan Stock Exchange (PSX) Regulations.

The technical committee includes representatives from Pakistan Petroleum Limited (PPL), Oil and Gas Development Company Limited (OGDCL), and Pakistan Refinery Limited (PRL). These entities are collaborating to ensure effective management and resolution of the incident. TPL Properties Limited expressed its full support for the initiative and its commitment to facilitating the committee's efforts.

The fire incident, which was reported earlier on April 3, 2025, prompted immediate action from various stakeholders. TPL Properties Limited emphasized its appreciation for the proactive measures and support provided by the Cantonment Board Korangi Creek, district administration, and other government authorities.

According to information available from the Pakistan Stock Exchange (PSX), TPL Properties Limited is dedicated to maintaining transparency and responsibility in addressing the situation. The company is coordinating closely with all relevant parties to ensure safety and effective resolution efforts.

The company also communicated the need to inform the Trading Right Entitlement Certificate Holders of the PSX about the ongoing developments and the formation of the technical committee.