Karachi, January 31, 2025 – Oil and Gas Development Company Limited (OGDCL) has officially commenced oil and gas production from the Bettani-2 appraisal well, located in District Lakki Marwat, Khyber Pakhtunkhwa. This milestone marks a significant advancement in OGDCL’s ongoing exploration and production efforts.
(more…)Category: Corporate
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Audit Report Flags Financial Risks at Dewan Sugar Mills
Karachi, January 24, 2025 – Dewan Sugar Mills Limited, in its annual report for 2024 submitted to the Pakistan Stock Exchange (PSX), disclosed adverse observations by auditors concerning the company’s repayment capacity and financial health. These observations have raised significant concerns about the sustainability of the company’s operations.
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OGDCL Boosts Oil Production at Kunnar Field
Karachi, January 23, 2025 – Oil and Gas Development Company Limited (OGDCL), Pakistan’s leading exploration and production company, announced a significant enhancement in oil production at the Kunnar Oil Field, a vital energy asset in District Hyderabad, Sindh.
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PPL Reports Major Boost in Gas Production at Gambat South
Karachi, January 23, 2025 – Pakistan Petroleum Limited (PPL) has announced a remarkable increase in gas production at the Shandad X-1 well, located in the Gambat South Block.
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BML Moves Court for Rs 10 Billion Recovery from Omni Group
Karachi, January 22, 2025 – Bank Makramah Limited (BML) has initiated legal proceedings to recover Rs 10 billion in non-performing loans (NPLs) from the Omni Group and its affiliated entities.
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Honda Pakistan Reports 296% Profit Rise Ahead Major FBR Deal
Karachi, January 22, 2025 – Honda Atlas Cars (Pakistan) Limited has reported an impressive 296% growth in net profit for the quarter ended December 31, 2024, as the company prepares for significant sales to the Federal Board of Revenue (FBR).
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OGDCL Reports Major Advancements in Oil and Gas Production
Karachi, January 20, 2025 – The Oil and Gas Development Company Limited (OGDCL) has announced significant advancements in oil and gas production from two of its key wells, signaling a positive development for Pakistan’s energy sector.
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OGDCL Commences Production from Kharo-1 Well in Sindh
Karachi, January 15, 2025 – Oil and Gas Development Company Limited (OGDCL), Pakistan’s leading exploration and production company, has officially commenced production from its exploratory well, Kharo-1.
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Airlink Launches Xiaomi TVs in Pakistan
Karachi, January 15, 2025 – Air Link Communication Ltd. (Airlink) has announced the official launch of Xiaomi TVs in Pakistan, marking a significant step forward for the country’s consumer electronics market.
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CCP Approves 94.8% Stake Acquisition in FINCA Bank
ISLAMABAD, January 13, 2025 – The Competition Commission of Pakistan (CCP) has approved the acquisition of a 94.8% stake in FINCA Microfinance Bank Limited by TPL Corp Limited and ABHI (Private) Limited.
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