OGDCL Internship Program 2023 NTS at Oil & Gas Development Company Limited January 24, 2023 OGDCL Internship Program 2023 has been announced by Oil & Gas Development Company Limited, Internship Program 2023 Under Corporate Social Responsibility (CSR). These jobs are announced through National Testing Service Jobs 2023. Applications are invited from the following disciplines for a 01-year internship program to enhance the skills of fresh graduates. Salary will be 40,000 PKR Per Month. The total number of internships are 230. Fresh graduates in Bachelor of Engineering Petroleum, Chemical, Electrical & Electronics,…
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K-Electric Comes Under Fire For Misrepresenting Financial Information
Recently, K-Electric found itself in the middle of another controversy and this time around, it wasn’t regarding its sale or extended hours of load-shedding, but for a rather unique instance, where one of its former directors, Asad Ali Shah, issued an official complaint against the misstatements in the company’s financial statements. Shah, in a letter dated January 10, 2023 to the Pakistan Stock Exchange, claimed, “As per latest quarterly financial statements issued by KE for the period ended September 30, 2022, the aggregate amount of revenue and receivables recognised in…
Read MoreEnergy sector circular debt under govt focus
Prime Minister Shehbaz Sharif and Finance Minister Ishaq Dar on Monday presided over back-to-back meetings on the issue of circular debt to formulate strategy aimed at bringing down the total stock of power and gas sector. The Finance Minister presided over a follow-up meeting on reforms in energy sector on Monday to discuss ways and means to arrest the circular debt within two days. The meeting discussed in detail viable proposals presented for introducing reforms in power and gas sectors to bring about efficiency and minimize wastage and provide relief…
Read MoreOGDCL-Fatimid lay foundation of thalassemia center in D.I. Khan
OGDCL-Fatimid lay foundation of thalassemia center in D.I. Khan December 16, 2022 ISLAMABAD, December 16, 2022: While continuing with its mission to ensure health facilities to the local communities, the Oil and Gas Development Company Limited (OGDCL), in collaboration with the Fatimid Foundation, has laid the foundation of a thalassemia center in Dera Ismail Khan.The OGDCL CSR department is striving to improve the livelihood of the communities through welfare initiatives in various sectors. Keeping in view locals’ demands for health facilities, CSR has given maximum importance to health in recent…
Read MoreHSBC bank says to stop funding new oil and gas fields
Banking giant HSBC on Wednesday said it would end financing for new oil and gas fields, a decision welcomed by environmentalists who nevertheless urged greater action from banks and government. In an annual update of its climate transition plans, the London-headquartered bank said it “will no longer provide new lending or capital markets finance for the specific purpose of projects pertaining to new oil and gas fields and related infrastructure”. HSBC added in a statement that it was “committed to supporting and financing the transition to a secure net zero…
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