Pakistan Oil & Gas Profit Rises 25% on Higher Crude Prices

Oil & Gas Development Co., Pakistan's biggest energy explorer, posted a 25 percent increase in third-quarter profit after crude prices rose. Net income in the three months ended March 31 climbed to 17.6 billion rupees ($208 million), or 4.09 rupees a share, from 14.1 billion rupees, or 3.28 rupees, a year earlier, the Islamabad-based company said in a filing to the Karachi Stock Exchange today.

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