OGDCL seeks Mari, PPL’s shares transfer to clear debt

    By NewzTodays Editorial Team | December 10, 2020

    Aftab Ahmed The Oil and Gas Development Company Limited (OGDCL) has come up with a plan of transferring the government’s shares in Mari Petroleum and Pakistan Petroleum Limited (PPL) to it in a bid to clear the circular debt. It has proposed to transfer share transfer of Rs profitable companies that would result in settling…

    Cabinet approves new board PPL

    By NewzTodays Editorial Team | September 17, 2020

    Aftab Ahmed Islamabad: Cabinet has approved the nomination of directors and Shahab Rizvi as possible chair of the board of Pakistan Petroleum Limited (PPL). Earlier, the cabinet had refused to approve the petroleum division’s nominations for the board of directors and chairman of PPL. In a new development, the cabinet has approved a new board…

    PD proposes nomination of questionable PPL board

    By NewzTodays Editorial Team | September 7, 2020

    Aftab Ahmed Islamabad: The Petroleum Division has proposed a nomination for the board of directors Pakistan Petroleum Limited (PPL) in violation of the Companies Act. Therefore, the cabinet has refused to accord its approval. The Petroleum Division had proposed a 10-member new board of directors and chairman for Pakistan Petroleum Limited (PPL). However, during the…

    Cabinet to approve reconstituting PPL board

    By NewzTodays Editorial Team | August 31, 2020

    Aftab Ahmed Islamabad: The Federal Cabinet is likely to approve a 10-member new board of directors and Pakistan Petroleum Limited. The Ministry of Energy (MoE), Petroleum Division, has proposed this panel. The Petroleum Division has proposed Shahab Rizvi, newly appointed board of director and possible chair of the Board of PPL and hailed from Sindh….