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Oil & Gas Development Company Ltd (OGDC) held its analyst briefing earlier today, where-in the management discussed the following: ·   Net sales during the year clocked in at PkR464bn, up 12%YoY, majorly due to higher wellhead prices during the period. However, NPAT dropped to PkR209bn (EPS: PkR48.6) during FY24, down 7%YoY. ·   Production activity during the year stood as follows: 32,356bpd of crude oil (up 3%YoY), 719mmcfd of natural gas (down 6%YoY) and 721tpd of LPG (up 0.5%YoY), respectively. ·   OGDC’s oil and gas reserves stand at 124mn bbl/5.9tcf, representing 51%/32% of the industry’s total reserves, respectively. ·   Forced production curtailment by SNGPL at Nashpa, Qadirpur, Chanda, and other fields due to system constraints, coupled with reduced demand from Uch fields due to lower offtakes by the power purchaser, impacted oil/gas production by 378bpd and 54mmcfd during the period. ·   Company’s cash collection ratio reached 121% in 1QFY25, behest of aggressive gas price
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NewsDaily

Govt awaits IMF stance on mini-budget As the government awaits the International Monetary Fund's (IMF) position on the mini-budget, the Minister of State for Finance, Ali Pervaiz Malik, announced on Thursday that tax notices are being sent to Pakistan's wealthiest 5,000 non-filers, with an expected revenue collection of Rs7 billion. Following a desk audit of transaction data for 200,000 non-filers, the top 5,000 high-net-worth individuals will receive notices within two weeks, Malik shared at an event hosted by the Policy Research Institute of Market Economy (PRIME). These individuals reportedly own at least three cars, earn Rs100 million in bank account profits, pay over Rs200,000 monthly on credit card bills, and send their children to private schools. The estimated combined net worth of these 5,000 individuals is Rs26 billion to Rs27 billion, with an expected Rs7 billion in revenue. "We can say with a high level of confidence that there is a huge tax potential," M
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Fire and Blood

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the maesters of the itadel who keep the histories of Westeros have used Aegon’s Conquest as their touchstone for the past three hundred years. Births, deaths, battles, and other events are dated either AC (After the Conquest) or BC (Before the Conquest). True scholars know that such dating is far from precise. Aegon Targaryen’s conquest of the Seven Kingdoms did not take place in a single day. More than two years passed between Aegon’s landing and his Oldtown coronation…and even then the Conquest remained incomplete, since Dorne remained unsubdued. Sporadic attempts to bring the Dornishmen into the realm continued all through King Aegon’s reign and well into the reigns of his sons, making it impossible to fix a precise end date for the Wars of Conquest. Even the start date is a matter of some misconception. Many assume, wrongly, that the reign of King Aegon I Targaryen began on the day he landed at the mouth of the Blackwater Rush, beneath the three hills where the city of King’s
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