Category: Highlights

“OGDCL’s Impressive FY 2022-23: 59% Profit Growth, Final Dividend Declared”

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ogdcl-meeting

ISLAMABAD: The Oil & Gas Development Company Limited (OGDCL) held its 26th Annual General Meeting (AGM) for shareholders on Monday for the financial year 2022-23 at the OGDCL Head Office in Islamabad. The meeting was chaired by the Chairman of the Board of Directors, OGDCL, Mr. Zafar Masud. The Managing Director & CEO of OGDCL, Mr. Ahmed Hayat Lak, along with other board members, senior management, and shareholders, were in attendance. OGDCL further solidified its position as the market leader, achieving net sales revenue of PKR 413.594 billion. This translated…

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Pak-China trade agreements to create employment, economic opportunities in GB: PM

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Anwaarul-Haq

ISLAMABAD: Caretaker Prime Minister Anwar-ul-Haq Kakar on Friday said the recently signed accords between Pakistan and China would open up new opportunities of employment and economic development for the people of Gilgit-Baltistan. The prime minister expressed the views in a meeting with Chief Minister GB Gulbar Khan at the PM House. They discussed the memorandum of understanding signed during the prime minister’s visit to China and other measures to further increase trade relations between GB and Xinjiang. The chief minister Gilgit-Baltistan thanked the prime minister for his recent visit to…

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Former Chinese premier Li Keqiang dies at 68

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Li-Keqiang

Former Chinese premier Li Keqiang, a reform-minded bureaucrat once tipped as the country’s future leader only to be eclipsed by President Xi Jinping, died on Friday. He was 68. He had a heart attack on Thursday and passed away in Shanghai just after midnight, state-run news agency Xinhua said. Interim Prime Minister Anwaarul Haq Kakar said he was “deeply saddened and shocked” to learn about Li’s passing and called him a “great friend of Pakistan”. “We fondly remember his visit to Pakistan in 2013. Our thoughts and sympathies are with late premier…

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Economic crisis affected performance in FY23: KE

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K-Electric

Company plans to add 2,272MW from renewable, indigenous sources KARACHI: The economic crisis, driven by factors like high inflation, increased policy rates and economic contraction, significantly affected the performance of K-Electric (KE) in financial year 2023 as the company recorded a loss of nearly Rs31 billion. It was observed during KE’s annual general meeting, chaired by Chief Executive Officer Moonis Alvi. As a result of the economic woes, KE said it experienced a 7.3% reduction in units sent-out and a substantial decline in gross profitability by Rs15.72 billion. Its exchange…

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OICCI launches 2nd Pakistan Climate Conference to propose solutions for Pakistan’s climate emergency

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Climate-Conference

Karachi, 26 October 2023 – The Overseas Investors Chamber of Commerce and Industry (OICCI) unveiled details for the Pakistan Climate Conference (PCC) 2023, scheduled to take place on November 1, 2023. This is the second consecutive year that the OICCI is organizing a multi-stakeholder dialog to propose collective solutions for Pakistan’s climate emergency. Starting from 2022, the Pakistan Climate Conference brings together national and international experts to identify and implement efforts needed to promote positive climate actions and reduce climate change impact in Pakistan. The Pakistan Climate Conference will also…

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