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4QFY26: E&P sector’s earnings surge 2.5 times YoY
KARACHI: Earnings of Pakistan’s listed exploration and production (E&P) sector surged 2.5 times year-on-year (YoY) and 2.3 times quarter-on-quarter (QoQ) to Rs214 billion in 4QFY26, primarily driven by reversals of super tax provisions following a Federal Constitutional Court (FCC) decision, according to Topline Research. The strong quarterly performance took the sector’s full-year FY26 earnings to Rs459.8 billion, up 31 percent YoY. The research report said the sector booked a tax reversal of Rs54.9 billion during 4QFY26, compared with an effective tax rate (ETR) of 26 percent in 4QFY25 a...
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