Business
Pakistan’s Listed Refineries Report Rs54.8 Billion Profit in FY2026
Pakistan’s listed refinery sector returned to a combined net profit of Rs54.8 billion in FY2026, compared…
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Tag: Energy Sector
Business
Pakistan Rejects High-Priced LNG Bid Again as Import Costs Continue to Rise
Pakistan has once again rejected a spot liquefied natural gas (LNG) offer after international prices and…
Business
PAEC and PSO Sign Strategic Deal to Strengthen Fuel Supply and Operational Efficiency
The Pakistan Atomic Energy Commission (PAEC) and Pakistan State Oil (PSO) have entered into a strategic…
Business
Finance Minister Seeks More Saudi Investment in Pakistan’s Key Economic Sectors
Pakistan is seeking to attract greater investment from Saudi-based companies as the government works to expand…
Business
Investors Seek Dollar Payments and Contract Protection in Pakistan DISCO Privatization
Prospective investors interested in buying three of Pakistan’s major power distribution companies are seeking stronger financial…
Business
Mari Energies Reports Record Rs. 87.1 Billion Profit for FY2026, Announces Higher Dividend
Mari Energies Limited has posted its highest-ever annual profit, reporting a standalone net profit of Rs.…
Business
Pakistan Refineries Call for Immediate Signing of Upgrade Agreements to Avoid Further Financial Losses
Pakistan’s oil refining sector has once again urged the federal government to expedite the signing of…
Business
Power Sector Reforms Reduce Pakistan’s Circular Debt by Rs. 779 Billion
Pakistan’s Power Ministry has highlighted significant progress in reducing the country’s circular debt, stating that ongoing…
Business
Mari Energies Rejects $19 Million Lawsuit, Defends Contract Termination Decision
Mari Energies Limited (PSX: MARI) has firmly rejected allegations surrounding a $19 million lawsuit filed by…
Economy
Electricity Generation Costs Rise 14% in Pakistan as RLNG and Furnace Oil Prices Climb
Pakistan’s average fuel cost for electricity generation increased by 14 percent year-on-year in June 2026, reflecting…
Business
Govt Reclassifies SMEDA as Energy SOE Accounting Relief Proposal Faces Delay
The federal government has approved a major policy decision by removing the Small and Medium Enterprises…
Business
Pakistan Considers Importing Cheaper Oil and Gas From Iran to Ease Energy Costs
Pakistan is exploring the possibility of importing cheaper oil and gas from Iran as part of…
Business
Government Plans Faster Petrol Price Relief as New Weekly Pricing Mechanism Under Review
The federal government is preparing to introduce a new pricing mechanism for petroleum products that could…
Business
Government Increases Petrol Levy by Nearly Rs. 25 Per Litre Despite Fresh Fuel Price Reduction
The federal government has significantly increased the petroleum levy on petrol by Rs. 24.74 per litre,…
Business
Punjab Approves New Tax Framework for Large Generators and Solar Power Systems
The Punjab government has reportedly approved a new taxation framework targeting large-scale private power generation systems,…
Business
Hascol Approves Major Debt Restructuring Plan to Support Business Revival
Hascol Petroleum Limited has approved a major debt restructuring plan aimed at supporting the company’s financial…
Economy
Govt Claims Timely Action Prevented Major Electricity Price Hike During US-Iran Conflict
Pakistan’s Ministry of Energy (Power Division) has claimed that strategic planning and timely interventions helped protect…
Business
OGDC Announces New Gas and Condensate Discovery at Dars West-3 in Sindh
Oil and Gas Development Company Limited (PSX: OGDC) has announced the successful discovery of additional gas…
Business
PSX Extends Bull Run as KSE-100 Index Crosses 168,000 Amid Strong Buying in Key Sectors
The Pakistan Stock Exchange (PSX) continued its upward momentum as the benchmark KSE-100 Index surged past…
Business
Mari Petroleum Unveils Significant Oil and Gas Discovery in Sindh
Mari Petroleum Company Limited (MPCL) has announced a major breakthrough in Pakistan’s energy exploration sector with…