Karachi: The Board of Directors of Oil and Gas Development Company Limited (OGDCL) has approved the resignation of Mr. Hassan Mehmood Yousafzai from his position as Director. This decision was made effective on April 07, 2025.

The company has formally communicated this development, requesting that the TRE Certificate Holders of the Exchange be informed accordingly. Mr. Yousafzai's departure comes as part of the routine changes within the company's leadership structure.

According to information available from the Pakistan Stock Exchange (PSX), OGDCL is a leading entity within the designated market category of oil and gas exploration and development in Pakistan. The company's current market performance remains unaffected by this leadership change.

The resignation marks a significant transition within OGDCL's management team, though the company has not yet announced a successor to fill the vacated director position. Further updates regarding a new appointment, if any, are anticipated to be communicated in due course.