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E&P sector may achieve 44pc profit growth in 1QFY27 YoY
KARACHI: The profitability of Pakistan’s listed exploration and production (E&P) companies is expected to increase by 44 percent year-on-year (YoY) in the first quarter of FY27, supported by higher international oil prices and increased oil and gas production, according to Topline Research. However, sector earnings are projected to decline 46 percent quarter-on-quarter (QoQ), mainly due to a Rs54.9 billion tax reversal recorded in the fourth quarter of FY26 following a Federal Constitutional Court ruling dated January 27, 2026, the research house said. Pakistan’s total oil and gas producti...
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