PPL provides funds to set up research centre at UET, Lahore

LAHORE: Pakistan Petroleum Limited (PPL), a leading E&P company since the early 1950s and one of the largest corporate donors in the country, has funded the establishment of ‘Center of Excellence for Research, Development & Training (CERDT)’ at University of Engineering and Technology (UET), Lahore.

UET, Lahore, is one of the prestigious engineering universities in the country and was established in 1921. It has played a leading role in education, research and training of professionals over the years.

MD and CEO PPL Imran Abbasi presented the cheque for the first tranche of Rs. 21 million for the establishment of CERDT to Vice Chancellor, UET Lahore, Professor Dr. Syed Mansoor Sarwar at a simple ceremony held on April 26 at UET, Lahore. Abbasi also laid the Foundation stone and was briefed on the Project at site. Officials from both organizations were present on the occasion.

As such, PPL has committed an overall grant of Rs 51.1 million over the next three years which covers construction and completion of CERDT building along with procurement of furniture, equipment and simulation tools.

Speaking on the occasion Abbasi highlighted that as a major stakeholder in fulfilling the country’s energy requirements, PPL remains committed to investing in human resource development and use of latest technology for the Exploration & Production sector through academia-industry partnership under its Corporate Social Responsibility programme.

Copyright Business Recorder, 2023