By Aftab Ahmed | October 29, 2025

Pakistan Petroleum Limited (PPL) reported a 15% year-on-year decline in profit for the first quarter of FY26, with earnings falling to Rs20.08 billion (EPS: Rs7.38), as lower hydrocarbon production weighed on performance, according to analysts at Topline Securities. Net sales during the quarter reached Rs56.8 billion, down 14% from a year earlier but up 10%…

By Aftab Ahmed | October 29, 2025

The National Electric Power Regulatory Authority (Nepra) came under public scrutiny on Wednesday after questions were raised regarding its recent tariff adjustments for K-Electric (KE), which showed a substantial variation between successive determinations. Read More: How to Download and Pay KE Duplicate Bill Online During a public hearing held to review monthly fuel cost adjustments…

By Aftab Ahmed | October 29, 2025

Sui Southern Gas Company (SSGC) has intensified its anti-gas theft operations across Sindh and Balochistan, disconnecting around 950 illegal connections in Karachi and surrounding regions as part of an ongoing crackdown against unauthorized gas use. In coordinated raids led by the Security, Surveillance and Counter Gas Theft Operations (SS&CGTO) department, along with the CRD Theft…

By Salman Khan | October 29, 2025

In a milestone for Pakistan’s energy sector, Cnergyico has received the country’s first shipment of crude oil from the United States, marking a new chapter in bilateral trade relations. The vessel MT Pegasus, loaded with 1 million barrels of West Texas Intermediate (WTI) crude, arrived at Cnergyico’s Single Point Mooring (SPM) terminal off the coast…

By Salman Khan | October 29, 2025

The National Electric Power Regulatory Authority (NEPRA) has imposed heavy fines totaling Rs140 million on three state-owned electricity distribution companies. The penalties were announced following an in-depth review of their poor operational performance during the 2023–24 fiscal period. The fines target the Gujranwala Electric Power Company (GEPCO), Quetta Electric Supply Company (QESCO), and Faisalabad Electric…

By Aftab Ahmed | October 28, 2025

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…

By Aftab Ahmed | October 27, 2025

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…

By Salman Khan | October 27, 2025

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…

By Salman Khan | October 27, 2025

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…

By Aftab Ahmed | October 25, 2025

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…