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Mr. Zahid Hamid Federal Minister for Privatisation & Investment left this
morning for United Kingdom for official opening of OGDCL on the London market
tomorrow morning on December 6, 2006 in a formal ceremony at London Stock
Exchange (LSE). Federal Minister for Privatisation & Investment Mr. Zahid
Hamid will formally push the button on ‘The Source’ (‘The Source’ is the
symbolic representation of the market opening; akin to the NYSE’s opening
bell) at London Stock Exchange.
The listing and trading of OGDCL’s GDS at the London Stock Exchange represents
a significant milestone in the Government’s privatisation program. This is the
largest equity offering of a Pakistani company abroad in more than a decade
and its demonstrable success is a cause of immense satisfaction. OGDCL is
Pakistan’s flagship company in the energy sector, being the largest oil and
gas exploration and Production Company in the country. Mr. Gibson Smith,
Chairman LSE and Ms. Maleeha Lodhi Pakistan’s High Commissioner to United
Kingdom will also attend the ceremony along with world’s top investors.