Islamabad June 14 2021: Oil and Gas Development Company Ltd rallied almost 7% to PKR99.0 in today’s trading session on expectation of PKR17.5 per share dividend.
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Government to buy back Hub Power for PKR69 billion
Government expectation for next year are almost more than double when compared to current year’s expectation. For fiscal year 2021, Government of Pakistan has revised its dividend expectation downward by 15 percent.
However, for the fiscal year 2022 government is expecting dividend of PKR56.5 billion from Oil and Gas Development Company which is 54 percent higher when compared to current year’s expectation.
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Petrol prices likely to go above PKR130 per liter
Earlier, the privatization Commission has decided to defer the divestment in shares of Oil & Gas Development and Pakistan Petroleum Limited due to depressed stock market sentiments۔
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