Karachi, October 11, 2024 – Dewan Farooq Motors Limited (DFML) made a significant announcement on Friday regarding the delivery of the first batch of electric vehicles (EVs) to Eco-Green Motors Limited (EGML). In a statement shared with the Pakistan Stock Exchange (PSX), DFML confirmed the successful assembly of these vehicles under a toll manufacturing agreement, marking a pivotal moment for the local electric vehicle industry.
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PPL Reaches Momentous Settlement with Iraqi Oil Company
Karachi, October 7, 2024 – Pakistan Petroleum Limited (PPL) has disclosed the successful conclusion of a long-standing contractual matter with Midland Oil Company (MdOC) of Iraq, culminating in a strategic settlement agreement concerning Block-8 in Iraq.
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MD OGDCL Unveils 12% Revenue Growth and Key Discoveries
Karachi, October 4, 2024 — Oil and Gas Development Company Limited (OGDCL), Pakistan’s leading exploration and production (E&P) company, has announced a 12% annual increase in sales revenue for the fiscal year 2023-24, according to CEO and Managing Director Ahmed Hayat Lak.
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Unclear Tax Liability Becomes Major Obstacle in PIA Privatization
ISLAMABAD: The privatization of Pakistan International Airlines (PIA) has encountered a significant setback as unresolved tax liabilities and labor issues have deterred pre-bidding parties from moving forward.
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Mari Petroleum Helicopter Crashes in North Waziristan, Six Dead and Eight Injured
Islamabad, September 28, 2024 – A tragic helicopter crash in North Waziristan on Saturday afternoon claimed the lives of at least six people, with eight others suffering injuries. The helicopter, operated by Mari Petroleum, one of Pakistan’s leading oil and gas exploration companies, went down due to an engine malfunction, according to initial reports.
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Indus Motor Company Halts Production on Raw Material Shortage
Karachi, September 25, 2024 – Indus Motor Company Limited has announced a temporary halt in production at half of its plant due to a significant shortage of raw materials.
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OGDCL Announces New Gas Discovery in Khairpur District, Sindh
Karachi, September 25, 2024 – The Oil and Gas Development Company Limited (OGDCL) has announced a significant gas discovery in the Sawan South Block at the Akhiro-1 Exploratory Well located in the Khairpur district of Sindh. This new find is expected to bolster Pakistan’s energy sector and contribute to the country’s growing demand for indigenous energy resources.
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TOMCL Secures $12 Million Frozen Beef Export Deal with China
Karachi, September 24, 2024 – The Organic Meat Company Limited (TOMCL) has announced a major breakthrough in its international operations, securing a significant contract worth $12 million to supply frozen cooked beef meat to China.
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Mari Petroleum Announces Rs 10 Billion Equity Investment
Karachi, September 24, 2024 – Mari Petroleum Company Limited (MPCL) has announced a significant equity investment of Rs 10 billion into a newly proposed subsidiary company. This move is part of the company’s broader strategy to diversify its business portfolio and explore emerging sectors beyond its traditional focus on petroleum exploration and production.
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OGDCL Declares Rs 209 Billion After Tax Profit for FY24
Islamabad—The Oil & Gas Development Company Limited (OGDCL) announced a robust financial performance for the fiscal year ending June 30, 2024, posting a profit after tax of Rs 209 billion. The financial results were shared during a Board of Directors (BoD) meeting held in Islamabad on Monday, September 23, 2024.
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