OGDCL Discovers Significant Oil and Gas Reserves in Khyber Pakhtunkhwa, Pakistan
OGDCL announces a major oil and gas discovery at the Baragzai X-01 well in District Kohat, producing 3,100 BOPD and 8.15 MMSCFD gas, strengthening Pakistan’s energy security and hydrocarbon reserves.
KSE-100 Index Surges Over 1,000 Points Amid Strong Sectoral Performance
The Pakistan Stock Exchange (PSX) saw a strong rally on Friday as the KSE-100 Index gained over 1,000 points, fueled by investor interest in key sectors like automobiles, oil, and banking. The market’s upbeat performance was also buoyed by corporate developments and sectoral optimism.
First Equity Modaraba to Sell Equity Textile Assets in Strategic Move
First Equity Modaraba plans to sell assets of its subsidiary Equity Textile Limited, including land, building, and machinery at SITE Nooriabad. The transaction will follow corporate, regulatory, and legal procedures, reflecting strategic corporate management.