OGDCL Posts Record Profit

IslamabadOGDCL booked a record Rs242.4bn profit, up 43%.

The same war windfall that padded profit hits Pakistan’s drivers at the pump.

OGDCL’s profit is largely receivables from unpaid state utilities, so the record and a cash squeeze coexist.

The board declared a record Rs17-per-share dividend as the treasury eyes IMF terms.

Sources: Dawn