Seven publicly owned energy firms in Pakistan have together booked more than Rs2.7 trillion in profits over the last ten years, according to official records of their financial results.
The figures show that the group’s earnings are concentrated in a few companies, with the Oil and Gas Development Company Limited and Pakistan Petroleum Limited standing out.
OGDCL and PPL drive the bulk of profits
The Oil and Gas Development Company Limited (OGDCL) sits at the top, with cumulative profits above Rs1.25 trillion over the 10-year span. Its peak came in fiscal 2022-23, when it hit a record Rs224.6 billion, before falling to Rs208.9 billion in 2023-24 and Rs169.9 billion in 2024-25.
Pakistan Petroleum Limited (PPL) follows with Rs620.3 billion in profits across the decade. Its yearly figures were Rs114.3 billion for 2023-24 and Rs92 billion for 2024-25.
Smaller gas and fuel companies report lower totals
Government Holdings (Private) Limited (GHPL) posted earnings above Rs377 billion across ten years, including Rs69.2 billion in 2023-24 and Rs48.5 billion in 2024-25. Pakistan State Oil (PSO) booked profits totalling Rs218.7 billion across the period, with Rs86.2 billion coming in 2021-22.
Sui Northern Gas Pipelines Limited (SNGPL) recorded total profits of Rs97.83 billion, while Sui Southern Gas Company (SSGC) made more than Rs86 billion in the same window. Pakistan LNG Limited (PLL) generated Rs58.2 billion over eight years.
