SEL clarifies FIR allegations, says business continues as usual
Sitara Energy Limited (PSX:SEL) has clarified that a recently registered First Information Report (FIR) by the Federal Investigation Agency (FIA), which names the company's Chief Executive Officer, pertains to a discontinued Power Purchase Agreement
July 23, 2026 (MLN): Sitara Energy Limited (PSX:SEL) has clarified that a recently registered First Information Report (FIR) by the Federal Investigation Agency (FIA), which names the company's Chief Executive Officer, pertains to a discontinued Power Purchase Agreement (PPA) with Faisalabad Electric Supply Company (FESCO) rather than any ongoing business activity, and that the company's operations remain unaffected...