Islamabad: The Oil & Gas Development Company Limited (OGDCL) has announced a significant change in its board of directors. Mr. Zafar Abbas, who currently serves as the Additional Secretary of the Ministry of Energy (Petroleum Division), has been appointed to the board. This change is effective from May 5, 2025. Mr. Abbas replaces Mr. Hassan Mehmood Yousufzai, the former Additional Secretary of the Ministry of Energy (Petroleum Division).

The announcement marks an important transition within the leadership structure of one of Pakistan's leading energy sector entities. The OGDCL, a key player in the exploration and production of oil and gas in the country, is part of the designated market category for energy and resources.

According to information available from the Pakistan Stock Exchange (PSX), the change in the board is expected to be communicated to TRE Certificate Holders to ensure all stakeholders are duly informed. The appointment of Mr. Abbas reflects the government's ongoing efforts to align its energy policy objectives with the expertise within the ministry.

The company's board of directors plays a crucial role in shaping the strategic direction and operational priorities of OGDCL. The inclusion of Mr. Abbas is anticipated to bring insights and experience that align with the ministry's goals and the broader energy sector strategies in Pakistan.