PPL, OGDCL boards: CCoSOEs approves appointment of independent directors
Business Recorder • • 1 min read
Business Recorder reported that a government committee has cleared new independent directors for Pakistan Petroleum Limited (PPL) and Oil & Gas Development Company Limited (OGDCL). The step is intended to fill key vacancies at the two large state-run energy firms.
The Cabinet Committee on State-Owned Entities met on Thursday, with Finance and Revenue Minister Muhammad Aurangzeb presiding. It endorsed a Petroleum Division summary proposing one independent director for a vacant PPL board seat. A separate summary on the OGDCL board was also considered, and nominations were approved for three independent director positions.
The PPL nomination was made under the State-Owned Enterprise Policy, 2023. The report does not name the individuals proposed for either board or say when the appointments take effect.
At a glance
- The government committee approved an independent director for a vacant PPL board position.
- Nominations for three independent director seats on the OGDCL board were approved.
- The Cabinet Committee on State-Owned Entities met on Thursday under Muhammad Aurangzeb's chairmanship.
Stocks in this story
Originally reported by Business Recorder
This page is Investify's own summary. The full report, with all details and context, is on the publisher's site.
Read the full storyWant the full article here?
Log in to read the full article in the Investify reader, in English or Urdu.
Investify summarizes Pakistan Stock Exchange news in its own words and links each story to its original publisher. We always credit the source so you can read the full report and verify the details before making financial decisions.
More on OGDC
Senate panel seeks 20-year record of oil and gas royalties paid to provincesProfit• 7 Nov 2026Neutral coverage
OGDC maintains 8-10% production growth target despite operational constraintsProfit• 6 Nov 2026Positive coverage
OGDC faces hurdles in unlocking Baragzai oil potential: reportBR• 6 Nov 2026Neutral coverage
Oil and Gas Development Company Ltd profit surges to Rs58.5bnDawn• 31 Oct 2026Positive coverage
OGDCL reports 53pc profit surge in 1QFY27 YoYBR• 31 Oct 2026Positive coverage
OGDCL profit surges 53% to Rs58.5bn in September quarterBR• 30 Oct 2026Positive coverage
