I suggest uninstalling, and reinstalling both pic basic pro, and microcode studio. If the issue persists you can always install on another drive.
Also be sure to check the directory for pbp in view->Compile And Program Options
I recomend using manuel folder choosing and you need to select the folder named "pbp". Let me know if the problem persists.
As a note be sure to press the compile button for now rather then play with keyboard shortcuts, cuz the shortcuts can compile with special options that may not be available for your pic and can cause errors.
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