Higher retail margins and lower finance costs offset inventory volatility Pakistan State Oil (PSO) reported earnings per share of Rs20 for the first quarter of FY26, a 136% jump from Rs8.5 a year earlier, driven by stronger retail performance and reduced borrowing costs. However, the result came in below market expectations due to lower-than-estimated inventory…
Pakistan Petroleum Limited’s shareholders approved a 25% final cash dividend, bringing the total payout to 75% for FY2024–25, during the company’s 74th Annual General Meeting held in Karachi on Monday. The meeting, chaired by PPL Board Chairman Shahab Rizvi, also endorsed the company’s audited financial statements for the year ended June 30, 2025. Rizvi lauded…
The National Electric Power Regulatory Authority (NEPRA), in its recent review, has issued a determination regarding K-Electric’s multi-year tariff. Certain elements are unfortunately presenting this decision in a distorted and misleading manner, attempting to create the false impression that the decision is against the interests of electricity consumers in Karachi. The reality is exactly the…
Pakistan has secured significant financial relief from Saudi Arabia, which has agreed to provide six billion dollars in economic assistance during the current fiscal year. According to the finance ministry, the package includes a one billion dollar oil financing facility and the rollover of five billion dollars in deposits. The deposits are held with the…
K-Electric Chief Executive Officer Moonis Alvi has clarified that recent comparisons between K-Electric’s power tariffs and the national grid overlook key structural differences, emphasizing that when assessed on a like-for-like basis, KE’s generation cost is lower than that of the national pool. Read More: KE profit outlook weakens after MYT revision: Topline Speaking at a…
Company intensifies crackdown on gas theft as resource depletion accelerates. The Sui Southern Gas Company Ltd. (SSGC) has removed 662 illegal gas connections across Balochistan as part of its ongoing campaign against gas theft in its franchise areas of Sindh and Balochistan, the utility said in a statement. Read More: How To Get and Pay…
Shehbaz Sharif unveils three-year electricity relief scheme; industrial tariff cut by up to Rs7.6 per unit to spur growth and exports. Prime Minister Shehbaz Sharif on Thursday announced the Roshan Maeshat Power Package — a three-year concessional electricity initiative for Pakistan’s industrial and agricultural sectors — aimed at reducing production costs, boosting competitiveness, and accelerating…
NEPRA’s tariff review cuts returns, tightening benchmarks likely to push Pakistan’s only privatized power utility back into losses. Topline analysts have said that K-Electric Ltd (KEL) faces a sharp deterioration in fundamentals following the National Electric Power Regulatory Authority’s (NEPRA) revised multi-year tariff (MYT) determination, which slashed allowed returns and tightened operational benchmarks for the…
WAPDA has announced a two-month paid internship program for fresh graduates across Pakistan, aiming to provide valuable professional experience. Selected interns will gain hands-on exposure in engineering, IT, finance, and other essential sectors, developing practical skills relevant to growing infrastructure and energy industries. Step 1: Check Eligibility Step 2: Select Your Discipline Discipline Seats Electrical/Electronic…
Ali Pervaiz Malik, Minister for Energy (Petroleum Division), today delivered a keynote speech on “Pakistan’s Energy Transition and Critical Minerals Development: Unlocking New Frontiers for Global Partnership” at International Mining and Resources Conference (IMARC) 2025, held in Sydney. The Minister underscored Pakistan’s vast mineral potential and its unwavering commitment to forging a low-carbon and climate-resilient…