Pakistan’s Oil & Gas to Pay 15% Mid Year Cash Dividend

Oil & Gas Development Co., Pakistan’s biggest energy explorer, plans to pay a mid-year cash dividend of 15 percent, according to an announcement at the stock exchange today.

The company reported a first-quarter net income of 21.9 billion rupees or 5.10 rupees a share.

To contact the reporter on this story: Farhan Sharif in Karachi at fsharif2@bloomberg.net

To contact the editor responsible for this story: Naween Mangi at nmangi1@bloomberg.net

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