BR100 Increased By (0.01%)
BR30 Increased By (0.53%)
KSE100 Increased By (0.28%)
KSE30 Increased By (0.29%)
AGHA 6.38 Increased By ▲ 0.06 (0.95%)
BECO 4.35 Increased By ▲ 0.08 (1.87%)
BML 62.55 Increased By ▲ 0.10 (0.16%)
BOP 31.39 Increased By ▲ 0.16 (0.51%)
CNERGY 11.73 Increased By ▲ 0.14 (1.21%)
CSIL 5.91 Increased By ▲ 0.19 (3.32%)
FCCL 61.71 Increased By ▲ 0.17 (0.28%)
FFL 14.79 Decreased By ▼ -0.23 (-1.53%)
FNEL 1.24 Increased By ▲ 0.01 (0.81%)
KEL 6.32 Increased By ▲ 0.06 (0.96%)
KOSM 5.90 Increased By ▲ 0.34 (6.12%)
LOTCHEM 24.69 Increased By ▲ 0.01 (0.04%)
MLCF 103.93 Decreased By ▼ -0.15 (-0.14%)
NBP 173.32 Decreased By ▼ -1.96 (-1.12%)
NCPL 51.83 Decreased By ▼ -0.94 (-1.78%)
NPL 54.03 Decreased By ▼ -0.09 (-0.17%)
OGDC 315.87 Increased By ▲ 2.48 (0.79%)
PACE 9.26 Increased By ▲ 0.06 (0.65%)
PAEL 35.58 Decreased By ▼ -0.22 (-0.61%)
PIBTL 13.66 Increased By ▲ 0.19 (1.41%)
PPL 226.07 Increased By ▲ 4.26 (1.92%)
PRL 80.28 Increased By ▲ 1.20 (1.52%)
PTC 46.64 Decreased By ▼ -0.21 (-0.45%)
SSGC 23.82 Decreased By ▼ -0.05 (-0.21%)
TBL 9.24 Decreased By ▼ -0.07 (-0.75%)
TELE 7.55 Increased By ▲ 0.16 (2.17%)
TPL 24.54 Decreased By ▼ -0.57 (-2.27%)
TPLP 12.99 Increased By ▲ 0.48 (3.84%)
TREET 25.98 Decreased By ▼ -0.27 (-1.03%)
TRG 53.33 Decreased By ▼ -0.11 (-0.21%)
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.