KARACHI: The Pakistan bourse increased 1.3 per cent during the week ended March 4, 2022, which can largely be attributed to the contribution from the E&P, which gained on account of run up in the crude oil prices, amid the ongoing Russia and Ukraine conflict that has resulted in higher international commodity prices. The Pakistan … Read more
KARACHI: The profit after tax of Oil & Gas Development Company (OGDC) showed a growth of 87 per cent to Rs35.25 billion translating into the earnings per share (EPS) of Rs8.22 during the second quarter of fiscal year 2022. The company recorded a profit of Rs18.82 billion (EPS: Rs4.4) during the second quarter last year. … Read more
KARACHI: The low foreign inclusion factor remains a major reason for Pakistan’s MSCI Index to witness no major changes in the negotiations, analysts said. The MSCI has commenced consultations on the potential inclusion of MSCI Pakistan Index to the MSCI Frontier Market (FM) 100 index and MSCI FM 15 per cent Country Capped Index, a … Read more
According to the 2017 census, the poverty rate in southern Balochistan is 46%, the highest in the country – the lowest rate being 16.3% recorded in Punjab. Ironically, Balochistan is also the province richest in terms of natural resources. The official website of the Balochistan government says the province “possesses a great unexplored potential of … Read more
KARACHI: The Pakistan Petroleum Limited (PPL)-led consortium of companies has incorporated a special purpose vehicle (SPV) in Abu Dhabi, a prerequisite to qualify for the award for the exploration block, a bourse filing reported on Thursday. A consortium comprising Pakistan’s leading exploration and production companies, including Mari Petroleum Company Limited (MPCL), Oil and Gas Development … Read more
