Karachi, Pak Oilfields Limited informed Pakistan Stock Exchange that board meeting of the company was held on June 23, 2016.The agenda of the meeting was approval of budget 2016-17.
Pakistan Oilfields Limited was incorporated in Pakistan on November 25, 1950. It is a subsidiary of the Attock Oil Company Limited. In 2005 the company acquired 25% shares within National Refinery Limited. This enabled the company in acquiring a refining complex which manufactures fuel products and lube base oils. The company is listed on the Karachi, Lahore and Islamabad Stock Exchanges of Pakistan. The registered office of the company is located in Rawalpindi.
The operations of the company include exploration and production of oil and gas. It also manufactures LPG, solvent oil and sulphur. The existing brand of the company is named POLGAS and subsidiary brand CAPGAS private limited.
The symbol “POL” is being used by the stock exchange for the shares of Pakistan Oilfields Limited.