Mari Petroleum

Decision will help fetch better price for 18.4% govt stake in company

Move aimed at selling 18.4% stake in company

Anti-corruption watchdog raises questions over exploration activities

He will assume his duties from August 12, 2020

Rise comes on back of robust sales, income from other business

Rise comes on back of surge in finance income and net sales

Robust sales, higher finance income behind increase in earnings

It is the second discovery in Ghauri block since 2014

Legal battle may follow as ECC will provide this gas to fertiliser producers

Earnings per share also surged by 42.3%

This is the first oil discovery in Chiltan and Moro/Mughal Kot formations

Discovery has been made at Tipu-1 well located in Ghotki district

EPS stands at Rs32.77 for Jul-Sept, strong growth attributed to decline in exploration cost

Signs MoU to jointly explore opportunities in Africa, Middle East, Central Asia and Russia

New oil, gas reserves found from Aqeeq-1 well in Sujawal district

EPS in Jan-Mar decreases to Rs15.37 from Rs16.66 in corresponding quarter last year

Expects to earn minimum of Rs25b from sale, amount to bridge budget deficit.

Development likely to attract further foreign inflows in country’s stock market

Company’s share price rose 2.15% in PSX trading

This is company’s third consecutive discovery in Karak Block, Punjab

Proposes MPCL to fully reap benefits of conversion to petroleum policy 2012 first

Additional supply would help meet growing need, says finance minister