Inside Financial Markets

Post Circular Debt PIB subscription, OGDC to be Islamic non-compliant stock.

ogdcOGDC 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:

Sanie Khan

Sanie Khan holds a deep knowledge of the financial markets in Pakistan. Based in Karachi, he has over 20 years of hands-on management experience in financial technologies and managing operations in the financial sector. He was the General Manager at the Pakistan Stock Exchange (PSX) for 17 years. He along-with senior members of Exchange

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Inside Financial Markets was a joint publication of Pakistan Stock Exchange (PSX)and Society of Technical Analysts Pakistan (STAP)