Author: Admin

Wafi Energy Pakistan Posts Rs3.03bn Profit in 9MFY25, Expands Retail Network and Sustainability Drive

Admin
Wafi Energy

KARACHI: Wafi Energy Pakistan Limited (WEPL) has reported a robust profit after tax of Rs3.03 billion for the nine months ended September 30, 2025, a significant rise from Rs724 million in the same period last year, reflecting strong operational growth and improved efficiency. The company — which operates Shell-branded fuel stations across Pakistan — expanded its retail footprint by commissioning 28 new outlets, upgrading seven existing sites, and adding 12 Shell Select convenience stores nationwide during the reporting period. In line with its sustainability vision, WEPL inaugurated its second eco-friendly…

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Gas Utilities Push for Major Tariff Hikes to Bridge Rs77bn Revenue Gap in FY26

Admin
OGRA

ISLAMABAD: Pakistan’s two state-run gas utilities — Sui Northern Gas Pipelines Limited (SNGPL) and Sui Southern Gas Company Limited (SSGC) — have sought steep increases in prescribed gas prices for fiscal year 2025-26 to offset a combined revenue shortfall exceeding Rs77 billion. In their separate petitions submitted to the Oil and Gas Regulatory Authority (OGRA), both utilities cited surging costs, rising depreciation, and imported RLNG expenses as key drivers behind the proposed adjustments. SNGPL, which caters to Punjab and Khyber Pakhtunkhwa, requested a hike of Rs189 per million British thermal…

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CCP Launches Study to Identify Barriers Hindering Solar Energy Growth in Pakistan

Admin

ISLAMABAD: The Competition Commission of Pakistan (CCP) is initiating a comprehensive study to examine the country’s solar energy market, focusing on challenges such as grid capacity constraints and barriers that may be slowing the adoption of solar power across Pakistan. Conducted under Section 28(b) of the Competition Act, 2010, the research will be carried out through CCP’s Centre of Excellence in Competition Law (CECL). The study aims to assess industry dynamics, identify regulatory and structural hurdles, and propose policy recommendations to foster a more competitive and efficient solar energy market.…

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China’s Five-Year Plan Offers Governance Model for Pakistan’s Development Vision

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China-Pak

ISLAMABAD: China’s remarkable success in implementing its Five-Year Plans serves as an inspiring governance model for Pakistan, which is formulating its own Uraan Five-Year Plan to accelerate economic growth and improve citizens’ welfare. These views were shared by Chinese Ambassador Jiang Zaidong following the conclusion of the fourth plenary session of the 20th Central Committee of the Communist Party of China (CPC), held in Beijing from October 20 to 23. The session marked a key milestone in China’s journey toward socialist modernisation. Ambassador Jiang stated that both China and Pakistan…

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WB Revises Pakistan’s Growth Outlook Upward, Lowers Poverty Estimate

Admin
world-bank

ISLAMABAD: In a surprising revision, the World Bank has upgraded Pakistan’s GDP growth forecast to 3 per cent for the current fiscal year—up from its earlier estimate of 2.6 per cent—and reduced the national poverty rate to 22.5 per cent from last year’s 25.3 per cent, despite not incorporating the latest Household Integrated Economic Survey (HIES) data. The adjustments were revealed in the Pakistan Development Update 2025, released on Tuesday. The World Bank had previously projected 2.6pc growth in its regional outlook on October 7, citing the lingering economic effects…

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