OGDC notified to the exchange that the company had subscribed tp PKR 50bn PIB issued by GoP against partial settlement of overdue recievables. Our sources suggest that post PIB susbscription, OGDC will be non-complaint stocks for islamic funds as the interest income recieved by the company will exceed the required limit.
Below the link of the company notice:
http://www.kse.com.pk/notices-updates/detail2.php?id=4&nid=045077&qsid=535
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