BR100 Increased By (0.01%)
BR30 Decreased By (-0.27%)
KSE100 Increased By (0.05%)
KSE30 Increased By (0.03%)
AGHA 6.71 Increased By ▲ 0.03 (0.45%)
BECO 4.37 No Change ▼ 0.00 (0%)
BML 56.95 Decreased By ▼ -0.37 (-0.65%)
BOP 30.36 Increased By ▲ 0.01 (0.03%)
CNERGY 13.11 Decreased By ▼ -0.01 (-0.08%)
CSIL 5.34 Decreased By ▼ -0.07 (-1.29%)
FCCL 52.76 Decreased By ▼ -0.03 (-0.06%)
FFL 14.61 Decreased By ▼ -0.11 (-0.75%)
FNEL 1.13 Increased By ▲ 0.01 (0.89%)
KEL 6.17 Increased By ▲ 0.08 (1.31%)
KOSM 6.14 Increased By ▲ 0.41 (7.16%)
LOTCHEM 26.50 Increased By ▲ 0.04 (0.15%)
MLCF 93.20 Increased By ▲ 0.04 (0.04%)
NBP 164.80 Increased By ▲ 0.14 (0.09%)
NCPL 55.60 Decreased By ▼ -0.06 (-0.11%)
NPL 60.84 Decreased By ▼ -0.32 (-0.52%)
OGDC 315.80 Decreased By ▼ -0.93 (-0.29%)
PACE 9.99 Increased By ▲ 0.12 (1.22%)
PAEL 35.60 Decreased By ▼ -0.03 (-0.08%)
PIBTL 14.85 Increased By ▲ 0.17 (1.16%)
PPL 224.50 Decreased By ▼ -2.41 (-1.06%)
PRL 93.00 Decreased By ▼ -0.02 (-0.02%)
PTC 60.35 Increased By ▲ 0.09 (0.15%)
SSGC 23.85 Increased By ▲ 0.04 (0.17%)
TBL 8.75 No Change ▼ 0.00 (0%)
TELE 7.81 Increased By ▲ 0.01 (0.13%)
TPL 22.34 Decreased By ▼ -0.01 (-0.04%)
TPLP 12.80 Decreased By ▼ -0.17 (-1.31%)
TREET 22.15 Decreased By ▼ -0.01 (-0.05%)
TRG 56.75 Increased By ▲ 0.19 (0.34%)
Markets Print edition: 2023-12-16

OGDCL spends Rs1.166bn under CSR

Published Updated

ISLAMABAD: Oil and Gas Development Company Limited (OGDCL) spent Rs 1.166 billion for the development of local communities in last five years along with an estimated Rs 650 million pledged for ongoing and new initiatives in Balochistan although overall security situation of the province is not very conducive.

The company is satisfactorily carrying out exploration and production activities in the area of operations. However, in order to increase production, the E&P activities are required to be enhanced.

With E&P activities, the company under the corporate social responsibility (CSR) are working for the welfare and development of the locals near exploration areas in addition to providing free of cost gas to the community of District Dera Bugti.

Some of the welfare activities of the company includes distribution of 22 ambulances to various RHC/BHU/Civil Hospital/ dispensaries, 110 technical scholarships awarded for the students of Dera Bugti, Jal Magsi, Jandran and Kohlu at National Vocational and Technical Training Commission (NAVTTC), Islamabad, 263 internships at OGDCL for 1 year for the students of Balochistan, 165 students out of total 875 from Balochistan completed their graduation from Sukkur IBA and financial assistance to 242 students of district Dera Bugti at FC public schools.

Copyright Business Recorder, 2023

Comments

Comments are closed for this article.