Saudi-backed Wafi Energy Pakistan announces 7.5 percent increase in profits last year

A worker pumps petrol in vehicles at a fuel station in Rawalpindi on July 16, 2023. (AFP/File)
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Updated 27 February 2026
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Saudi-backed Wafi Energy Pakistan announces 7.5 percent increase in profits last year

  • Wafi Energy Pakistan operates one of country’s largest fuel retail, lubricants networks
  • The company is also planning a Dubai-based subsidiary to expand its commercial activities

KARACHI: Wafi Energy Pakistan Limited, a subsidiary of Saudi Arabia-based Wafi Energy Holding, on Friday announced a Rs3.54 billion ($12.6 million) profit last year, marking a 7.5 percent increase from the previous year.

In 2025, Wafi Energy acquired Shell Pakistan and added 35 new retail sites to its network, including a second eco-friendly Shell site built with recycled plastic, bringing the Shell retail network to over 680 sites nationwide.

The lubricants business continued strong performance across both consumer and industrial segments and Wafi Energy said had continued its growth in indirect and process oil segments, besides expanding its mining portfolio.

“We delivered a strong business performance in 2025 and importantly, we did so while investing to grow. Our focus through the year was clear – to expand in priority growth areas, establish Wafi Energy in Pakistan and strengthen the Shell customer experience,” Zubair Shaikh, Wafi Energy Pakistan’s chief executive officer, said in a statement.

“In 2026, our ambition is to accelerate growth, build shareholder value and continue investing in the energy future for Pakistan.”

Wafi Energy Pakistan Limited, formerly Shell Pakistan Limited, operates one of the country’s largest fuel retail and lubricants networks. Shell plc divested its majority stake in 2024, after which the company was rebranded under Saudi ownership while continuing to market fuels and lubricants under the Shell brand.

The company said it remains focused on operational excellence and growth.

“The company is also advancing its investment strategy by planning a Dubai-based subsidiary to expand commercial activities and strengthen its regional presence,” it said.

“This strategic move underscores Wafi Energy’s commitment to sustainable growth and expanding its footprint.”


Pakistan says 641 Afghan Taliban members killed, over 855 injured in ongoing conflict

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Pakistan says 641 Afghan Taliban members killed, over 855 injured in ongoing conflict

  • Both neighbors have been engaged in fierce fighting since Feb. 26 after Afghan forces launched retaliatory attacks against Pakistan
  • Pakistan information minister says 243 Afghanistan checkposts destroyed, 65 “terrorists and terror support locations” targeted by air 

ISLAMABAD: Pakistan has killed at least 641 Afghan Taliban operatives and injured more than 855 in the ongoing conflict between the two sides since last month, Information Minister Attaullah Tarar said on Wednesday.

Fresh clashes between the two neighbors began on Feb. 26 after Afghanistan’s border forces launched attacks against Pakistani military installations. Kabul said the attack was in retaliation for Islamabad’s airstrikes earlier in February. Both forces have since then engaged in the worst fighting between them in decades. 

Islamabad has said its airstrikes, which have at times directly ​targeted the Afghan Taliban government, are aimed at ending Kabul’s support for militants carrying out attacks on Pakistan. The Taliban has ​denied aiding militant groups.

“Summary of Fitna Al Khawarij/Afghan Taliban losses: 641 killed, 855+ injured, 243 check posts destroyed,” Tarar wrote on social media platform X.

https://x.com/tararattaullah/status/2031687512868159638?s=46

The minister said Pakistani security forces have destroyed 219 tanks, armored vehicles and artillery guns in the operation so far, and also decimated 65 “terrorists and terror support locations” across Afghanistan by targeting them with airstrikes. 

Relations between Pakistan and Afghanistan have remained strained since the Afghan Taliban seized power in August 2021. Pakistan has witnessed a surge in militant attacks across the country in recent months that it blames on militants it alleges are based in Afghanistan. 

Kabul denies the allegations and insists that its soil is not used by militant groups for attacks against other countries. 

While Afghanistan has voiced the desire for dialogue, Pakistan has repeatedly ruled out talks, saying it will continue targeting militant hideouts in Afghanistan through “Operation Ghazab lil Haq” till Kabul desists from supporting militants. 

The ongoing conflict between both sides has put the region on heightened alert, as it already suffers from the ongoing US-Israel war against Iran.