Pakistan Raising $815m in Shares

Pakistan Raising $815m in SharesPakistan Raising $815m in Shares

Pakistan's government is seeking to raise about $815 million with the sale of shares in Oil & Gas Development Co Ltd (OGDC), the largest offering from a local company in almost eight years, Reuters reported. The government will sell up to a 7.5% stake in OGDCL in the domestic and international markets, providing much-needed foreign exchange in the country's flagging economy.