As utilities and the government resume capex, Fast Cables rebounds
The company expects an uptick in economic activity and investment from both the government and private sector to boost sales
Two major Hubco-backed Thar coal power projects now online
The power plants will likely yield significant cash flows for the company, but may put additional pressure on the already oversupplied electricity grid
Cynergico swings to losses, presses ahead with refinery investment
The vertically integrated oil and gas company is breaking up into constituent components
Shell’s exit helps boost reported profits at Wafi Energy
The former Shell subsidiary is now Saudi owned, continues to invest in growth, despite secular headwinds facing oil as a fuel for vehicular energy needs
Slowly, PSO’s cash flow position is improving
The company has been able to pay down its dollar-denominated debt, and expects a decline in receivables following government efforts to resolve circular debt
NEPRA trims K-Electric’s tariffs on lower cost assessments
The publicly listed utility is expected to take a hit to even historical earnings as the regulator assess its cost structure to have been lower than previously expected
Is it time to retire Pakistan’s idle coal giants?
A bold financial blueprint could transform Pakistan's coal power plans into renewable energy assets, while protecting Chinese investors
Tariq Glass able to eke out growth despite softening market
The company's production facilities are not operating at full capacity but it was able to increase pricing due to its commanding market share
No, Gul Ahmed is not shutting down exports
A combination of lazy and innumerate financial journalism and the Pakistani penchant for pessimism resulted in people thinking this is a way more significant news story than it actually is
KE’s power struggle comes to an end with Saudis on top and SIFC backing
After months of legal wrangling, the government has brokered a truce in K-Electric’s ownership saga, with Sheheryar Chishty ceding control to Saudi investors, ending one of Pakistan’s most convoluted corporate standoffs
One more round of circular debt restructuring and why it still won’t fix the problem
The new instrument is an innovative structure to help ensure that the problem at least creates partial self-correcting mechanisms, but the government is still punting on the reforms needed for a permanent fix
Sapphire to merge two of its listed textile companies
The textile giant is making the move at a time of considerable stress within its industry
Declining production hits PPL’s bottom line
Net income fell 19% due to a combination of falling production and falling prices
Shanghai Electric finally pulled the plug on K-Electric. What comes next?
The withdrawal of Shanghai Electric has been a foregone conclusion for at least two years now, but it still marks a dark moment in Pakistan’s business history
The arbitrage loop from hell
The landa bazaar is big business. Some new players might throw you for a loop