Category: Latest News

Ogra to Review 10-Year RLNG Pricing After Court Orders, Rs150bn Dispute at Stake

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OGRA

ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra) has been compelled to hold a public hearing on November 6 to revise the past 10 years of Regasified Liquefied Natural Gas (RLNG) prices following legal challenges and protests from industrial and CNG consumers. The review, mandated by the Lahore High Court’s Multan Bench, carries an estimated financial impact of around Rs150 billion. The court ruled in September that it was “against principles of fairness” to impose retrospective gas charges without first hearing the affected consumers. As a result, Ogra has invited…

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Wafi Energy Reports Rs3.03bn Profit, Expands Retail Network Across Pakistan

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Wafi Energy

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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FFC Advances Shariah Compliance, Eyes Energy Diversification Through Coal Gasification

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New-FFC

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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Nepra’s ‘Collective Wisdom’ Questioned Over K-Electric Tariff Revision at Public Hearing

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Nepra-KE-1

Islamabad, October 30, 2025 – The National Electric Power Regulatory Authority (Nepra) came under sharp scrutiny on Wednesday as participants at a public hearing questioned the regulator’s “collective wisdom” — a phrase often cited in its decisions — following its recent revised determination for K-Electric (KE), which reduced the utility’s supply tariff by Rs7.60 per unit, from Rs39.97/kWh to Rs32.37/kWh. The public hearing, chaired by Member (Law) Amina Ahmed and attended by Member (Development) Maqsood Anwar Khan and Member (Technical) Rafique Ahmad Shaikh (via Zoom), focused on the Fuel Charges…

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Oxfam Report Warns of Growing Inequality in Pakistan Amid Climate and Digital Divide

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New-Project86

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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