Islamabad, Sep 23: For the fiscal year that concluded on June 30, 2024, the Oil & Gas Development Company Limited (PSX: OGDC) reported a profit after tax (PAT) of Rs. 208.9 billion (EPS: Rs. 48.59). When compared to the PAT of Rs. 224.6 billion reported in the previous fiscal year (FY23), the company’s PAT for the period under review is down by almost 7%. The company’s earnings for the fourth quarter of FY24 decreased 42% YoY to Rs. 37.8 billion (EPS: Rs. 8.81). The company also declared a final cash dividend of Rs. 4.00 per share (Rs. 10.10 per share…
Author: Iqra Khan
Islamabad, Sep 23: The Pakistan Stock Exchange’s (PSX) 100-Index saw a bearish trend on Monday, closing at 81,850.50 points as opposed to 82,074.45 points on the previous working day, a decrease of 223.95 points or 0.27 percent. In comparison to the 482,373,803 shares exchanged on the previous trading day, 400,309,071 shares were moved during the day. The price of shares was Rs 18.690 billion as opposed to Rs 30.188 billion on the previous trading day. In the stock market, 439 firms exchanged their shares; 143 of them saw gains, 237 saw losses, and the share prices of 59 companies stayed…
Islamabad, Sep 23: A strategic relationship has been established between Hamdard University, a division of the Hamdard Foundation, and Pakistan Telecommunication Company Limited (PTCL) to provide managed ICT and mobility solutions for the professors and students. A signing ceremony was recently held at the Marriott Karachi, under the auspices of Prof. Dr. Syed Shabib-ul-Hasan, Vice Chancellor of Hamdard University; Basharat Qureshi, Group VP Enterprise PTCL & Umar Farooqi, Group Director Enterprise PTCL; Kaleem Ahmed Ghias, Registrar, Hamdard University; Faisal Mangroria, Group Director Finance; Abutalib Bhutto, Group Director, HR; Muhammad Ovais, Director Finance; and Sayyed Muhammad Imran Ali, Group VP B2B…
Islamabad, Sep 23: Next month, in October, the Board of Intermediate and Secondary Education (BISE) Faisalabad will release the intermediate part 1 results for the class 11 tests for the first annual examinations of 2024. The districts of Faisalabad, Toba Tek Singh, Chiniot, and Jhang are within the purview of the Faisalabad board. All of these districts’ first-year students anxiously await the results to find out how they did on the first yearly exams, which were held earlier this year. On October 1, at 10:00 AM, BISE Faisalabad and other Punjabi boards will make an announcement. Examinees can access their…
Islamabad, Sep 23: Twenty of the thirty financing proposals, totaling over Rs8.5 billion, that targeted the textile, food and agricultural, military, jewelry, and gem and gem industries, as well as promoting Pakistan’s brand by participating in Expo 2025 in Osaka, Japan, were accepted by the Export Development Fund (EDF) Board on Friday. On September 20, 2024, Jam Kamal Khan, the Minister of Commerce, presided over the 85th meeting of the EDF Board. This was the first meeting following the announcement of the new board, which was formed last month and is made up of 15 members from the private sector…
Islamabad, Sep 23: Senator Mushahid Hussain Sayed was specially invited to give Keynote address at BRICS Seminar, where he said ‘Pakistan looks forward to joining BRICS’ & welcomed ‘winds of change blowing all across South Asia which reject hegemony, status quo & seek change’, referring to recent radical changes in the Maldives, Nepal, Bangladesh and Sri Lanka. As a consequence, he said the so-called ‘Indo-Pacific Strategy is now drowning in the waters of the Indian Ocean’. He criticised the recent US sanctions against Pakistan and China, terming these ‘immoral, unjust, unacceptable and illegal’ as sanctions under International Law can only…
Islamabad, Sep 23: Pakistan, noting that it has objected to even some of the promises made to them in earlier reform deals, has urged on the poor nations to pursue fulfillment of the commitments made in Sunday’s UN Pact for the Future, which aims to alter the international system. The permanent representative of Pakistan to the UN, Ambassador Munir Akram, stated, “Undoubtedly, the pact we have adopted is not perfect,” during a discussion on: revolutionizing international governance and accelerating the 2030 Agenda for Sustainable Development’s implementation. The Pakistani envoy said, “There are numerous provisions in which we have stepped back…
Islamabad, Sep 23: In addition to wishing Prime Minister Shehbaz Sharif a happy birthday, Chinese President Xi Jinping reiterated his support for the development of the China-Pakistan Economic Corridor (CPEC) and advancing strategic cooperation between China and Pakistan in a letter delivered on Monday. According to a press release from the PM Office, Prime Minister Shehbaz’s 73rd birthday letter from President Xi is an outstanding step toward strengthening the diplomatic ties between the two nations. Xi wished the prime minister well and stated that China and Pakistan had been enjoying a strategic cooperation through good times and bad, one characterized…
Islamabad, Sep 23: On the eve of Saudi Arabia’s National Day, Federal Interior Minister Mohsin Naqvi paid a visit to the Saudi Embassy within the diplomatic enclave on Monday. Upon his arrival, the Saudi Arabian Ambassador met with him. Nawaf bin Said Ahmed Al-Maliki, the Saudi ambassador, met with the interior minister. The Interior Minister wished the Saudi Royal Family and the Saudi people well on their National Day and congratulated Ambassador Al-Maliki. “Saudi Arabia has always stood by Pakistan, whether during floods, earthquakes, economic or other challenges,” he said, thanking the Saudi government and ambassador for their help during…
Islamabad, Sep 23: In comparison to the previous trading day, when it was sold for Rs. 272,500, the price per tola of 24 carat gold dropped by Rs. 600 on Monday, selling for Rs. 271,900. According to the All Sindh Sarafa Jewellers Association, the cost of 10 grams of 24 karat gold dropped by Rs 471 to Rs 233,110 from Rs 233,625 while the cost of 10 kilos of 22 carat gold dropped to Rs 213,685 from Rs 214,156. At Rs 2,950 per tola and Rs 2,529.14 per gram, respectively, the price of silver did not change.According to the Association,…
