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Nepra lifts Rs42bn financial penalties on National Transmission and Dispatch Company
Editor pick, Pakistan

Nepra lifts Rs42bn financial penalties on National Transmission and Dispatch Company

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The National Electric Power Regulatory Authority (Nepra) penalty withdrawal marks a significant policy reversal as the Nepra scrapped Rs42 billion in penalties imposed on the National Transmission and Dispatch Company (NTDC). The decision comes after years of dispute over alleged violations of the economic merit order in power generation. Read More: https://theboardroompk.com/critical-minerals-investment-crisis-why-demand-is-surging-but-funding-is-missing/ Officials confirmed that the regulator had previously withheld Rs41.44 billion from NTDC dues. However, after a fresh review, Nepra concluded that its earlier stance lacked strong legal backing. This development provides immediate financial relief to NTDC, which had argued that the penalties were affecting critical infrastructure projects. Legal Challenge Forced Reconsideration The dispute reached the Islamabad High Court, which initially halted the deductions. The court later directed Nepra to reassess the matter on merit. Following this directive, the regulator revisited the case and ultimately reversed its decision. Nepra stated that continuing to withhold funds based on economic merit order violations did not align with the broader regulatory framework. The authority acknowledged that while inefficiencies existed, penalising NTDC through financial deductions was not the most appropriate solution. Economic Merit Order Debate Re-Evaluated The Nepra penalty withdrawal also highlights a deeper issue within Pakistan’s power sector. The regulator noted that the concept of economic dispatch has often been interpreted in a narrow and rigid manner. According to Nepra, the law supports prioritising low-cost power generation. However, it also recognises the need to maintain system stability. In many cases, power plants must operate outside strict economic merit guidelines to ensure grid reliability. The regulator clarified that the legal framework allows deviations from economic dispatch when necessary. In such situations, generating companies can claim compensation for supporting system operations, such as voltage control and grid balancing. Financial Impact and Sector Challenges For NTDC, the reversal offers much-needed financial breathing space. The company had repeatedly warned that continued deductions were weakening its liquidity and delaying key national projects. It also raised concerns about potential breaches of loan agreements due to reduced cash flow. Over a period of 36 months, deductions were made from NTDC’s Use of System Charges payable by distribution companies. These deductions began in September 2019 and continued until October 2023. The company maintained that such large-scale financial penalties were unsustainable for a strategic national utility. It argued that the funds were essential for expanding and upgrading Pakistan’s transmission infrastructure. Shift Towards Performance Monitoring Instead of financial penalties, Nepra now plans to focus on performance monitoring and enforcement mechanisms. The regulator stated that inefficiencies and delays should be addressed through targeted actions rather than blanket financial withholding. This approach aims to improve accountability without disrupting the financial stability of key institutions. Nepra also indicated that a separate mechanism will be developed to release the withheld funds. The decision reflects a broader shift in regulatory thinking, where operational challenges are addressed through system reforms rather than punitive measures alone. Additional Burden on Consumers Despite the relief for NTDC, consumers are set to face a slight increase in electricity costs. Nepra has approved an additional fuel cost adjustment of 10 paisa per unit for the current billing cycle. This charge will apply to all consumers, including those served by K-Electric. The adjustment reflects ongoing fluctuations in fuel costs and operational expenses within the power sector.

Pakistan Stock Exchange Investor Accounts Surge to Record High
Editor pick, Pakistan

Pakistan Stock Exchange Investor Accounts Surge to Record High

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The Pakistan Stock Exchange Investor Accounts story has taken a dramatic turn in April 2026, as the market witnessed an unprecedented surge in participation. In a single month, a record-breaking 24,150 new investor accounts were opened, marking the highest monthly addition in the history of the Pakistan Stock Exchange. This milestone is more than just a number. It reflects a powerful shift in investor behavior, signaling renewed confidence in equities and a transformation in how Pakistanis engage with financial markets. Pakistan Stock Exchange Investor Accounts Cross Historic Milestone The total number of Pakistan Stock Exchange Investor Accounts has now crossed 545,000, a landmark achievement for a market that has long struggled with limited retail participation. What makes this surge even more significant is the broader context. Pakistan’s total public market investor base has now surpassed 1.33 million, indicating that the appetite for investment is spreading rapidly beyond traditional circles. This is not just growth. It is a structural evolution of Pakistan’s financial ecosystem. Gen Z Drives Pakistan Stock Exchange Investor Accounts Growth A key force behind the rapid rise in Pakistan Stock Exchange Investor Accounts is the emergence of Gen Z investors. Unlike previous generations, these young investors are digitally native, financially curious, and more willing to explore equity markets. With access to mobile trading apps, online education, and real-time market insights, they are entering the stock market earlier than ever before. Their participation is shifting the market away from institutional dominance toward a more balanced and inclusive investor base. This generational shift is redefining how capital markets function in Pakistan. Digital Platforms Fuel Pakistan Stock Exchange Investor Accounts Expansion The expansion of Pakistan Stock Exchange Investor Accounts would not have been possible without the rise of digital platforms. Opening an account, once seen as a complex and time-consuming process, has become significantly easier. Today, investors can onboard digitally, access market data instantly, and execute trades with just a few clicks. This ease of access has removed long-standing barriers and democratized investing for the average Pakistani. As a result, individuals who were previously sidelined are now actively participating in wealth creation. Financial Literacy Boosts Pakistan Stock Exchange Investor Accounts Another major factor behind the surge in Pakistan Stock Exchange Investor Accounts is the growing awareness around financial literacy. Educational content, social media discussions, and increased media coverage of financial markets have made investing more accessible and understandable. People are no longer viewing stocks as a risky gamble. Instead, they are recognizing equities as a legitimate avenue for long-term financial growth. This shift in mindset is crucial for sustaining long-term market expansion. What This Means for Pakistan’s Economy The rise in Pakistan Stock Exchange Investor Accounts signals more than just market activity. It reflects a broader movement toward financial inclusion and economic participation. A wider investor base means: • More liquidity in the market• Greater resilience against external shocks• Increased transparency and governance It also represents a growing vote of confidence in Pakistan’s economic future. For years, the stock market was criticized for being accessible only to a select few. Today, that narrative is changing rapidly. The Road Ahead for Pakistan Stock Exchange Investor Accounts While the growth in Pakistan Stock Exchange Investor Accounts is impressive, sustaining this momentum will require continued focus on investor protection, education, and market stability. Regulators and market participants must ensure that new investors are equipped with the knowledge and tools needed to make informed decisions. If managed effectively, this surge could mark the beginning of a long-term bull phase driven by domestic participation. The record surge in Pakistan Stock Exchange Investor Accounts is a defining moment for the country’s financial markets. With young investors leading the charge, digital platforms breaking barriers, and financial awareness on the rise, Pakistan is witnessing a new era of market participation. This is not just a short-term spike. It is a powerful signal that the foundations of Pakistan’s capital markets are expanding, opening doors to a more inclusive and dynamic financial future.

Karachi Braces for Humid Conditions as Heatwave in Pakistan Gradually Eases
Editor pick, Environment

Karachi Braces for Humid Conditions as Heatwave in Pakistan Gradually Eases

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Residents of the provincial capital may find slight relief soon as the intense heatwave in Pakistan begins to subside. Read More: https://theboardroompk.com/petroleum-sales-in-pakistan-drop-7-in-april/ The Pakistan Meteorological Department announced on Tuesday that hot and humid conditions will persist in Karachi over the next three days. However forecasters expect temperatures to decline gradually throughout the week. This update comes after a period of extreme weather that saw the mercury climb to dangerous levels across the Sindh province. Most parts of the region will continue to experience hot to very hot and dry weather during this transition. The Early Warning Centre of the Met Office provided a detailed outlook for the coming days. The city will remain under the influence of high humidity from Tuesday through Thursday. Meteorologists expect the maximum temperature to stay between 37°C and 39°C on Tuesday. This range should drop slightly to between 36°C and 38°C on Wednesday. By Thursday the city could see a maximum of 35°C to 37°C. While these figures are lower than the recent peaks the high moisture content in the air will still make it feel uncomfortable for the public. Humidity and Wind Patterns The impact of the recent heatwave in Pakistan remains evident in the high humidity levels forecast for the coastal city. The morning humidity could reach as high as 85 per cent on Wednesday and Thursday. During the evening hours the humidity will likely range between 45 and 65 per cent. These conditions often create a higher heat index which makes the air feel much hotter than the actual thermometer reading. Winds will play a crucial role in regulating the city temperature. The Met Office predicts that sea breezes along with westerly and southwesterly winds will prevail. There is a possibility of northwesterly winds blowing on Wednesday before they shift direction again. These shifting wind patterns are common as the local weather system stabilizes following an intense thermal spike. Authorities are keeping a close watch on these developments to provide timely updates to the citizens. Tragic Impact of Extreme Temperatures The severity of the heatwave in Pakistan became tragically clear on Monday. Emergency services recovered at least ten bodies from different parts of Karachi as the city endured its hottest day since 2018. The temperature surged past 44°C during this period. The thermal intensity reminded many of the historic highs recorded in the region. In May 2018 the city reached 46°C. The highest temperature ever documented for May in Karachi was back in 1938 when the mercury soared to 48°C. The current weather cycle follows a heatwave alert issued by the meteorological department on Saturday. The alert covered Karachi and several other districts across Sindh. Officials warned that temperatures could exceed 41°C on Monday after reaching 40°C on Sunday. The reality on the ground proved to be even harsher than the initial predictions. On Sunday the city recorded a maximum of 42°C with 52 per cent humidity. This combination made the environment feel like 45°C for those outdoors. Safety Precautions for Citizens Health experts are advising the public to remain cautious even as the mercury begins to drop. The transition from dry heat to humid conditions can still pose significant risks to vulnerable populations. Staying hydrated is the most critical step for anyone who must spend time outside. People should avoid direct sunlight during the peak hours of 11 AM to 4 PM. Wearing light colored and loose clothing can also help the body regulate its temperature more effectively. Local hospitals and heatstroke relief centers remain on high alert. The recovery of bodies from various streets underscores the need for community awareness. Residents are encouraged to look out for elderly neighbors and children who are at a higher risk of heat exhaustion. Despite the predicted gradual decline in temperatures the persistent humidity means the body will struggle to cool down through sweat. Provincial Weather Outlook While Karachi expects some relief the rest of the Sindh province remains in the grip of the sun. The meteorological department notes that weather will remain hot to very hot and dry in most northern and central districts. These areas do not benefit from the cooling sea breeze that Karachi receives. Minimum temperatures across the province are expected to hover between 26.5°C and 29°C during this period. This means nights will provide only limited recovery from the daytime heat. The current atmospheric conditions highlight the growing challenges of extreme weather events in the region. Scientists often link these intense bursts of heat to broader climate patterns affecting the South Asian landmass. As the week progresses the focus remains on the gradual decline in temperature. Everyone hopes that the predicted shift in wind and humidity will finally bring an end to the deadly thermal stress that has affected millions.

NETSOL Employee Share Option Scheme Sparks Investor Buzz in Pakistan’s Tech Sector
Editor pick, Pakistan

NETSOL Employee Share Option Scheme Sparks Investor Buzz in Pakistan’s Tech Sector

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The NETSOL Employee Share Option Scheme is making headlines as NETSOL Technologies Limited (PSX: NETSOL) moves to reshape how it rewards and retains talent. In a bold strategic move, the company’s Board of Directors has proposed a new Employee Share Option Scheme (ESOS), aiming to align employee interests with shareholder value while strengthening long-term loyalty. This development signals a growing shift in Pakistan’s corporate landscape, where companies are increasingly adopting global best practices to compete for top talent. What the NETSOL Employee Share Option Scheme Offers At the heart of the NETSOL Employee Share Option Scheme is an allocation of up to 5 million stock options. This represents approximately 5.57 percent of the company’s existing paid-up capital, a significant stake designed to incentivize employees across various levels, including senior management. What makes the offer particularly attractive is the pricing strategy. Employees will be able to purchase shares at a 50 percent discount compared to the market closing price on the grant date. The payment will be made in cash, ensuring straightforward participation. In simple terms, this means employees are being given a chance to invest in the company at half the market price, creating immediate perceived value and long-term financial upside if the company continues to perform. Why This Move Matters for Investors and Employees The NETSOL Employee Share Option Scheme is not just about employee perks. It is a calculated business decision with broader implications. From a corporate strategy perspective, such schemes are widely used to retain skilled professionals, particularly in competitive industries like IT. By offering equity, companies turn employees into stakeholders, fostering a deeper sense of ownership and commitment. For investors, this move can be interpreted as a signal of confidence. Management is effectively betting on future growth and is willing to share that upside with employees. However, it also introduces a degree of dilution, as new shares will eventually enter the market. Treasury Shares Sale Adds Another Layer Alongside the ESOS, NETSOL Technologies Limited has proposed the sale of over 2.69 million treasury shares to eligible employees under its existing share option framework. This step aligns with Pakistan’s regulatory structure under the Listed Companies Buy-back of Shares Regulations, 2019. Instead of issuing entirely new shares, the company is also utilizing shares it already holds, optimizing capital structure while rewarding employees. In practical terms, this dual approach allows the company to balance incentive distribution without excessively expanding its share base. Key Dates Investors Should Watch The company has scheduled an Extra-Ordinary General Meeting to seek shareholder approval for these proposals. The meeting will take place on June 3, 2026, in Lahore at 11:00 a.m. Additionally, the share transfer book closure period runs from May 28 to June 3, 2026. Investors who wish to participate must ensure their transfers are completed by May 27, 2026. These dates are critical, as shareholder approval will ultimately determine whether the NETSOL Employee Share Option Scheme moves forward. A Turning Point for Pakistan’s Corporate Culture The introduction of the NETSOL Employee Share Option Scheme reflects a broader transformation in Pakistan’s business environment. Companies are increasingly recognizing that financial incentives tied to ownership can be more powerful than traditional compensation models. If successfully implemented, this initiative could set a precedent for other listed firms, particularly in the technology and services sectors, where talent retention remains a persistent challenge. The NETSOL Employee Share Option Scheme is more than just a corporate announcement. It represents a strategic shift toward modern workforce management, blending financial incentives with long-term growth objectives. For employees, it opens the door to wealth creation. For investors, it signals ambition and confidence. And for Pakistan’s corporate sector, it may well mark the beginning of a more inclusive and performance-driven future.

K-Electric urges precaution as heatwave grips Karachi
Editor pick, Pakistan

K-Electric urges precaution as heatwave grips Karachi

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K-Electric (KE) urges its customers to take all precautions and avoid unnecessary excursions or strenuous activities between 11am and 4pm – the “peak heat hours” – as the Provincial Disaster Management Authority (PDMA) has issued a heatwave alert in Karachi and advised taking all necessary remedial actions to minimise the impact of heatwave conditions. Read More: https://theboardroompk.com/fy27-gdp-growth-downgraded-to-2-5-3-due-to-rising-oil-prices-topline/ K-Electric spokesperson Imran Rana said: “As power demand escalates, KE is ready and committed to ensuring sustainable supply of electricity to Karachi. Our field teams remain on alert to ensure swiftest possible restoration of faults. However, we also urge the public to closely monitor the prevailing conditions and adhere to heatwave SOPs. KE remains in contact with all civic agencies and will cooperate to the best of its ability. Let this be a time when all public utilities stand together and be the representation of Karachi’s resilience.” As demand soars during the heat, KE is in touch with its suppliers to ensure supply remains at par. KE will suspend preventive maintenance shutdowns and as the Pakistan Meteorological Department’s report indicates apparent temperature crossing 45°C, KE will also pause economic loadshed. KE also requests customers to take additional care during the hottest hours by staying hydrated, wearing breathable fabric and ensuring that the head is covered and protected from direct heat and sunlight.

PM launches Rs3.2 trillion program to fund building of 500,000 homes in five years
Editor pick

PM launches Rs3.2 trillion program to fund building of 500,000 homes in five years

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Prime Minister Shehbaz Sharif has launched a major initiative to address Pakistan’s housing shortage. The five-year “Wazir-e-Azam Apna Ghar Programme” aims to finance the construction of 500,000 homes nationwide with a total allocation of Rs3.2 trillion. Programme Details The scheme targets low-income families who lack resources to build their own houses. It offers loans of up to Rs10 million for homes up to 10 marlas. Loans come with a 20-year repayment period and a subsidized 5% markup for the first ten years. Economic Impact PM Shehbaz described the programme as a sacred obligation of the government. He highlighted its role as a powerful economic multiplier. The initiative is expected to boost construction-related industries and generate jobs for laborers, engineers, and various skilled workers across the country. In the first year, the government plans to support 50,000 housing units with Rs321 billion. The programme will cover all provinces, Gilgit-Baltistan, and Azad Kashmir. Banks and financial institutions will play a key role in implementation. The PM praised their readiness to support this national effort. This housing push comes amid efforts to stimulate economic growth through key sectors like construction. Officials see it as a step toward providing affordable shelter while driving industrial activity.

Reko Diq Mining Project Sees Renewed Global Interest as Barrick Slows Development
Editor pick, Pakistan

Reko Diq Mining Project Sees Renewed Global Interest as Barrick Slows Development

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The Reko Diq mining project has once again moved into the global spotlight as the European Investment Bank (EIB) expressed strong interest in investing in Pakistan’s multibillion-dollar copper and gold venture. However, this renewed attention comes with clear conditions, including access to critical mineral supplies, while Pakistani officials push back against exaggerated claims about the country’s mineral wealth. EIB Signals Investment Interest in Reko Diq During the EU-Pakistan Business Forum, EIB representative Marco Arena highlighted the bank’s willingness to finance infrastructure linked to the Reko Diq mining project. He stressed that Europe seeks reliable access to critical minerals to support its green and digital transition. Arena clarified that the European Union does not expect exclusive rights over resources. However, he emphasized that a stable supply connection with European markets remains essential. According to him, such partnerships would strengthen Europe’s competitiveness in emerging technologies. The EIB has already re-engaged with Pakistan after a long pause. Recently, it finalized agreements worth €160 million to support water and housing sectors. This renewed cooperation signals growing European confidence in Pakistan’s economic potential, particularly in the mining sector. Pakistan Rejects $6 Trillion Mineral Claim At the same forum, Dr. Nawaz Ahmed Virk, Director General of Minerals at the Ministry of Energy, addressed widely circulated claims that Pakistan holds $6 trillion worth of mineral reserves. He categorically rejected the figure, calling it “highly exaggerated” and unsupported by scientific exploration. Virk acknowledged that Pakistan possesses vast mineral resources, especially in regions like Balochistan. However, he stressed that realistic valuations require comprehensive geological studies. His remarks signal a shift toward more evidence-based policymaking in the resource sector. Tax Issues and Investor Incentives Under Review The government continues to adjust policies to attract foreign investors to the Reko Diq mining project. Currently, Pakistan has granted tax exemptions on project income to enhance its appeal. Still, contractors have raised concerns about sales tax and withholding tax during the development phase. Virk confirmed that the Ministry of Energy is working closely with the Finance Division to resolve these issues. Officials are considering deferring such taxes until the project reaches production stage. This move could ease financial pressure on investors and accelerate development timelines. Security Risks Slow Down Project Progress Despite strong international interest, the Reko Diq mining project faces serious security challenges. Canadian mining giant Barrick Gold, which holds a 50 percent stake, recently slowed down development activities. The company cited escalating security risks in Pakistan and the broader region as the primary reason. In its February 2026 statement, Barrick announced a comprehensive review of the project. The review will continue until mid-2027, allowing the company to reassess security conditions, financing needs, and overall project scope. Although development has slowed, Barrick confirmed that the project remains under active management. However, reduced capital spending and potential cost increases could impact timelines. Massive Investment and Future Outlook The Reko Diq mining project ranks among the world’s largest undeveloped copper-gold reserves. Phase 1 alone carries an estimated cost between $5.6 billion and $6 billion. Meanwhile, Phase 2 could require an additional $3.3 billion to $3.6 billion. Initial production was expected by the end of 2028. However, delays linked to security concerns and financial adjustments may push timelines further. Ownership of the project reflects a strategic partnership. Barrick Gold controls 50 percent, while Pakistani state-owned enterprises and the government of Balochistan share the remaining stake. Policy Stability Key to Unlocking Potential Experts believe that policy consistency, regulatory transparency, and security improvements will determine the project’s success. Arena noted that engineering challenges are often easier to solve than regulatory uncertainty. He stressed that predictable policies and enforceable contracts are critical for large-scale mining investments.

Service Long March Tyres Announces IPO to Raise upto Rs 7.8 billion to Fund Passenger Car Tyre Expansion !
Business, Editor pick

Service Long March Tyres Announces IPO to Raise upto Rs 7.8 billion to Fund Passenger Car Tyre Expansion !

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Karachi, April 29: Service Long March Tyres Limited, one of Pakistan’s leading manufacturers of truck and bus radial tyres, has announced its Initial Public Offering (IPO) at the Pakistan Stock Exchange, marking a significant milestone as the company moves into its next phase of growth with entry into the passenger car radial (PCR) tyre segment. The company has received approval from PSX. Read More: https://theboardroompk.com/imc-among-top-toyota-manufacturing-affiliates-in-asia-pacific-after-winning-three-awards/ The company is offering 389.738 million ordinary shares, representing 5 percent of its post-IPO paid-up capital, through the book-building method at a floor price of Rs14.25 per share that can rise upto 40% to reach Rs. 19.95 per share subject to interest by investors. Of the total offer, 75 percent comprises the book-building portion for institutional investors, while the remaining 25 percent will be offered to retail investors at the strike price. The book-building phase of the IPO is scheduled to take place in May, during which institutional investors and high-net-worth individuals will be able to submit bids within the announced price band. The process will determine the strike price based on demand, following which the offer will move to the general public subscription phase. Market participants expect strong interest given the company’s growth trajectory, export footprint and expansion plans, positioning the book-building round as a key milestone in the overall offering process. Arif Habib Limited is acting as Consultant to the Issue and Lead Manager. The IPO proceeds, estimated at upto 7.8 billion, will support the company’s planned expansion into passenger car radial tyre manufacturing, a move expected to reduce Pakistan’s reliance on imported tyres and strengthen local industrial capacity. SLM plans to establish a dedicated PCR manufacturing facility, with commercial operations expected to commence in January 2028. The facility will have an initial production capacity of approximately 2 million tyres annually, projected to increase to 2.5 million units in FY2029 and 3 million units by FY2030. The expansion comes at a time when Pakistan’s passenger vehicle tyre market remains heavily import-dependent, presenting a strong opportunity for local manufacturing. By leveraging its existing manufacturing expertise and technology partnerships, SLM aims to replicate its success in the truck and bus radial (TBR) segment within the passenger vehicle category for domestic and export markets. Incorporated in 2020 as a joint venture between Service Industries Limited, China’s Chaoyang Long March Tyre Company Limited, and Myco Corporation Pakistan, SLM commenced commercial operations in March 2022. The company operates a manufacturing facility at SITE Nooriabad, Sindh, spread over approximately 50 acres of SEZ land. Since inception, SLM has emerged as a key player in Pakistan’s commercial tyre segment, offering locally manufactured alternatives to imported truck and bus radial tyres, while also building a growing export footprint across international markets including the United States and Brazil. Financially, SLM has demonstrated strong growth momentum, with revenues and profitability rising sharply over the past three years on the back of increasing volumes, enhancement of capacity and expanding market reach. Commenting on the IPO, Omar Saeed, Chief Executive Officer of Service Long March Tyres Limited, said the offering marks a pivotal step in the company’s evolution.“SLM has successfully established itself as a credible local manufacturer in the commercial tyre segment. With this IPO, we are entering a new phase of growth, expanding into passenger car tyres and contributing to Pakistan’s industrial development through localization and export expansion,” he said. Shahid Ali Habib, Chief Executive Officer of Arif Habib Limited, said the transaction reflects growing depth and maturity in Pakistan’s capital markets.“This offering provides investors access to a high-growth manufacturing platform that is already demonstrating strong scale-up and export capability. The IPO also highlights renewed confidence in Pakistan’s equity markets, where industrial and export-oriented businesses are increasingly turning to capital markets to fund expansion,” he said. Following the book-building process, the retail portion of the IPO will be made available through electronic platforms, including PSX’s e-IPO system and CDC’s centralized e-IPO platform, enabling broader investor participation.

PSO announced net profit of PKR 38.1 billion in 9MFY26
Business, Editor pick

PSO announced net profit of PKR 38.1 billion in 9MFY26

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Karachi –Pakistan State Oil (PSO) has announced its financial results for the nine months of Financial Year 26 ended March 31, 2026 (9MFY26), showcasing an extraordinary period of resilience and growth. Despite facing one of the most volatile operating environments in recent history, the company achieved a significant surge in profitability. Read More: https://theboardroompk.com/oil-prices-surge-above-110-amid-strait-of-hormuz-tensions/ On a standalone basis, PSO recorded a robust net profit of PKR 38.1 billion, representing a substantial increase over the PKR 15.3 billion reported during the same period last year. This momentum translated into a significant rise in earnings per share to PKR 81.19, while gross sales for the period stands at PKR 2.4 trillion. The Group’s consolidated performance mirrored this success, with PSO’s share climbing to PKR 39.4 billion and consolidated earnings per share rising to PKR 83.93, highlighting a period of exceptional profitability in PRL. The third quarter of FY26 was characterized by extreme global economic stress as military escalations in the Middle East led to the effective closure of the Strait of Hormuz. This crisis triggered the largest inflation-adjusted crude oil price spike since 1988, with Brent crude skyrocketing from $69 to $103 per barrel in a single month. The market was further strained by Force Majeure declarations from G-to-G Suppliers; QatarEnergy and Kuwait Petroleum Corporation, which disrupted the delivery of critical LNG and High-Speed Diesel cargoes. In response to these unprecedented challenges, PSO acted with strategic foresight and agility to safeguard Pakistan’s energy security. By securing alternate international sources and increasing reliance on domestic refineries, the company successfully mitigated supply disruptions that impacted other market participants. PSO, maintaining its leadership in the white oil segment with a 42.6% market share with total sales of 5,163 KMT. This dominance was supported by a 42.4% share in Diesel and a 37.8% share in MoGas. In the Aviation segment, the company held an unrivalled 99.2% market share, while the Lubricants business achieved a 16% volumetric growth. The LPG segment set a new benchmark, achieving record cumulative sales of 46,895 MT, reflecting a 10% year-on-year

Electricity Generation Improves Amid Local Gas Supply, Reports Power Division
Editor pick, Pakistan

Electricity Generation Improves Amid Local Gas Supply, Reports Power Division

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The Power Division (PD) said electricity generation has improved across the country due to the increased supply of local gas to power plants. The development has helped stabilise the national grid and reduce pressure during peak demand hours. In an official press release, the division stated that power generation conditions showed noticeable improvement on Tuesday night. Authorities managed to maintain a more balanced supply despite ongoing energy challenges. Hydropower Plays Key Role in Supply Boost Officials confirmed that hydropower generation remained strong during peak hours. Around 6,000 megawatts of electricity was generated from hydropower sources during the night. Pakistan’s total installed hydropower capacity stands at 11,500 megawatts. The spokesperson said that hydropower output, combined with local gas availability, significantly increased overall electricity generation. This combination helped improve system reliability and reduce stress on the grid. Improved Transmission from Southern Region The Power Division highlighted improved transmission from the southern region of the country. Stability in the grid allowed authorities to supply additional electricity to central areas. According to the spokesperson, around 500 megawatts of electricity was transmitted from the southern part of Pakistan. This improved flow helped authorities add an extra 100 megawatts to the central system. Officials said the enhanced coordination between regions played a critical role in managing supply and demand during peak hours. Load Management Reduced Due to Lower Demand Electricity distribution companies carried out limited load management during peak hours. The outages ranged from 25 minutes to one hour in different areas. However, officials confirmed that no load management took place after 8pm. Weather conditions led to a drop in electricity demand, allowing uninterrupted supply during late hours. The division clarified that economic load management continues on high-loss feeders. Officials stressed that this policy remains separate from peak-hour load management. LNG Shortage Continues to Affect Power Generation Despite improvements, the Power Division acknowledged ongoing challenges due to the shortage of liquefied natural gas. Around 5,000 megawatts of generation capacity remains idle because LNG is not available. Global market conditions have limited LNG supply, affecting several power plants that depend on imported fuel. This shortfall continues to impact overall generation capacity. Officials said that restoring LNG supply will play a crucial role in eliminating electricity shortages. Government Expects Further Improvement The Power Division expressed optimism about future improvements. It stated that increased water releases for hydropower generation will further boost electricity supply. Authorities also expect better LNG availability in the coming weeks. This combination could eliminate nighttime power shortages entirely. The division said it is closely monitoring the situation. It aims to ensure consistent electricity supply across the country while managing demand effectively. Officials added that ongoing efforts focus on improving grid stability and reducing reliance on expensive fuel sources. These measures aim to provide long-term relief to consumers facing energy challenges.

The Boardroom PK delivers trusted business news, analysis, and insights from Pakistan and beyond, keeping readers informed, inspired, and ahead in the evolving world of business and leadership.

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