OGDC Crosses Rs. 1 Trillion Market Cap After Landmark US-Pakistan Oil Deal
Oil & Gas Development Company Limited (OGDC) has surpassed Rs. 1 trillion in market capitalization following a historic oil exploration agreement between Pakistan and the United States.
🌍 Strategic Energy Partnership with the US
In a major development, the Government of Pakistan signed a breakthrough oil exploration deal with the US administration, signaling a new era of energy cooperation.
Former US President Donald Trump highlighted the potential of this partnership, stating,
“Pakistan and the United States will work together to unlock massive oil reserves.”
He further hinted that a leading oil company will soon be selected to spearhead the project, adding humorously,
“Who knows, maybe they’ll even sell oil to India someday!”
📉 Trade Deal Reduces Tariffs on Pakistani Exports
In parallel, both countries also finalized negotiations on a long-awaited trade agreement, which includes a reduction in reciprocal tariffs, particularly benefiting Pakistani exports to the U.S.
🔋 Focus on Broader Economic Sectors
A joint press release emphasized that this landmark deal sets the stage for enhanced cooperation in multiple sectors including:
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Energy and oil exploration
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Mining and minerals
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Information technology
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Cryptocurrency and blockchain
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Strategic trade and investment
This multi-dimensional partnership is being hailed as a game-changer for Pakistan’s economy, with OGDC’s stock performance already reflecting investor optimism.
