Category: Latest News

KARACHI: Over 30,000 hybrid electric vehicles (HEVs) have entered Pakistan’s roads in the past two years, saving an estimated 30 million litres of fuel and cutting the country’s oil import bill by nearly $27 million, according to Lucky Motor Corporation (LMC) Chief Executive Mohammad Faisal. Faisal said the savings could multiply significantly if hybrids captured 25–30% of the total vehicle market. Pakistan’s auto market averages 180,000–200,000 units annually, and HEVs now account for over half of SUV sales during the first quarter of FY26. Since 2021, 13 new electrified models…

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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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