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Board of directors meeting of Pakistan Petroleum Limited

Karachi, Pakistan Petroleum Limited informed Pakistan Stock Exchange that board of directors meeting of the company will be held on September 17, 2021 at Karachi. The agenda of the meeting will to consider the Annual Accounts for the period ended June 30, 2021.

Further, the company has declared the closed period from September 10, 2021 to September 17, 2021.

Pakistan Petroleum Limited was incorporated in Pakistan in 1950 with the main objectives of conducting exploration, prospecting, development and production of oil and gas resources. The company has also established a wholly-owned subsidiary, PPL Asia E&P B.V. with corporate seat in Amsterdam, Kingdom of Netherlands. The subsidiary will focus on exploration and production of oil and gas in the region. PPL has assigned its interest in Block 8, Iraq, under the Exploration, Development and Production Service Contract with Midland Oil Company, Iraq to PPL Asia E&P B.V.

The total number of shares are 2,720,967,548. The Earnings per share is 18.47 in 2020 which was 22.65 in 2019. The Profit After Taxation is 50,256,270,000 in 2020 which was 61,632,364,000 in 2019.