Author: Admin

KARACHI: Wafi Energy Pakistan Limited (WEPL) has announced a strong financial performance for the nine months ended September 30, 2025, posting a profit after tax of Rs3.03 billion — more than four times higher than the Rs724 million recorded in the same period last year. The growth reflects the company’s accelerated retail expansion, strategic investments, and strong demand across its fuel and lubricants businesses. According to the company, WEPL commissioned 28 new Shell-branded retail sites, upgraded seven existing locations, and added 12 Shell Select convenience stores nationwide. The company also…

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Karachi, October 30, 2025 – Fauji Fertilizer Company Limited (FFC) shared key updates on its operational and financial performance during a corporate briefing on Tuesday, highlighting major progress toward full Shariah compliance, plans for energy diversification, and fertilizer demand projections through 2026. Company officials confirmed that FFC’s transition to a fully Shariah-compliant corporate structure is in advanced stages, with the process expected to be reflected in its upcoming quarterly statement. “The transition is progressing smoothly and is only a matter of time before completion,” the management stated. In a significant…

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Islamabad, October 30, 2025 – A new Oxfam report has raised alarm over deepening inequality in Pakistan, where the wealthiest 10 percent hold 42 percent of national income, leaving the majority increasingly vulnerable to economic, climate, and digital disparities. Titled An Unequal Future: Asia’s Struggle for Justice in a Warming, Wired World, the report highlights how Pakistan mirrors wider regional trends of elite wealth concentration, climate vulnerability, and uneven access to technology. Across Asia, the richest 10 percent capture between 60–77 percent of national income, while the poorest half receive…

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Islamabad, October 30, 2025 – Petrol and high-speed diesel (HSD) prices are likely to increase by around Rs1.5 per litre for the first fortnight of November, following slight fluctuations in international oil prices, according to industry sources. Based on current tax rates, the ex-depot price of HSD is expected to rise by about Rs1.4 per litre (0.5%), while petrol could see an increase of roughly Rs1.5 per litre, effective from November 1 to 15. Since June 1, petrol prices have surged by nearly Rs10 per litre and diesel by Rs20…

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