Revision in Date and Time for Annual General Meeting of Pakistan Petroleum Limited

Karachi, Pakistan Petroleum Limited informed Pakistan Stock Exchange that the Company would now hold its Annual General Meeting for the year ended June 30, 2021 on October 25, 2021, instead of the abovementioned revised date.

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.