OGDCL listing on LSE today

Published December 6, 2006

LONDON, Dec 5: The Oil and Gas Development Company (OGDC) will become the second Pakistani company to be enlisted at the London Stock Exchange here on Wednesday after the company raised its Global Depositary Receipts (GDR) to US dollars 712 million.The Muslim Commercial Bank was the first Pakistani bank to be enlisted at the LSE in October after attracting US dollars 700 million worth of demand for its US dollars 150 million GDR issue.

Minister for Privatization and Investment Mr Zahid Hamid and Pakistan High Commissioner to UK Dr Maleeha Lodhi will attend ceremony for the listing and trading of the OGDCL at the London Stock Exchange.—APP

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