The upcoming “Petroleum Conference 2024” in Islamabad, featuring Prime Minister Anwar-ul-Haq Kakar, will focus on addressing challenges in Pakistan’s petroleum sector, fostering collaboration among stakeholders, and seeking solutions to boost investment and mitigate the heavy reliance on energy imports. The event offers a vital platform for networking and policy discussions aimed at advancing the country’s exploration and production industry.
Mari Petroleum Company Limited posted a strong financial performance in 1HFY24, with a 57% YoY increase in net profit driven by higher gas and oil production, increased wellhead prices, and Pak Rupee depreciation. The company declared an interim cash dividend of Rs. 98 per share for 2QFY24.
In FY 2023-24, foreign companies repatriated $750 million in profits, marking a significant 245% YoY increase, driven by sectors like Petroleum Refining and Food. The resolution of profit backlog contributed to this surge.
The Election Commission of Pakistan (ECP) is making the SMS service 8300 free starting next Monday, enabling voters to access constituency and polling station details conveniently. ECP officials also clarified voting eligibility for individuals with expired CNICs and those with new CNIC tokens, emphasizing transparency in the electoral process.
Avoid the news because it’s always too negative? Don’t worry! We focus on the positive in Pakistan.
