HUBC to announce a cash dividend of PKR 8.00/share in 3QFY24
The Hub Power Company Limited (HUBC) is scheduled to announce its 9MFY24 financial result on 29th Apr'24. We expect the company to post consolidated earnings of PKR 48,214mn (EPS: PKR…
HUBC – 3QFY24E earnings to clock in at PkR12.42/sh:
We expect Hub Power Company Limited (HUBC) to post NPAT of PkR16.1bn (EPS: PkR12.42) in the third quarter of FY24, up 5%/43% on QoQ/YoY basis. The aforementioned increase in earnings…
Pakistan has no option but to buy gas from Iran.
Murtaza Mughal, President of Pakistan Economy Watch (PEW), ہn Wednesday, condemned the US threat to impose sanctions on Pakistan in case of trade with Iran, terming it interference in internal matters. It…
PSO and Pakistan Railways (PR) inaugurated the Fuel Management System (FMS)
Marking a momentous occasion in the nation's transportation infrastructure, the country's leading energy companies, Pakistan State Oil (PSO) and Pakistan Railways (PR), inaugurated two Upgraded Railways, Filling and Storage Facilities…
Contract awarded for Mangla refurbishment project:
WAPDA has awarded contract Package III C amounting to US$ 6.28729 million for design and supply of two 220 KV, 168.75 MVA Generator Step-up (GSU) Transformers for Unit No. 9…
SSGC continues raids in its franchise areas
SSGC continued to make inroads into gas theft cases through its regular raids in the Company's franchise areas. In the latest crackdown in Liaquatabad Karachi, the Customer Relations Department's (CRD)…
Industrialists oppose hike in POL prices
Muhammad Kamran Arbi, President of SITE Association of Industry, has declared the recent increase in POL prices tragic for the industry and economy as a whole and appealed to Prime…
Neelum Jhelum generation is restricted to 530 MW
Electricity generation from Neelum Jhelum Hydel Power Station has been restricted to 530 MW due to a decrease in Head Race Tunnel pressure on April 03, 2024. This precautionary measure…
Engro signs a share purchase agreement with the consortium to sell thermal energy assets.
Engro Energy Limited, a wholly owned subsidiary of Engro Corporation Limited, has entered into a Share Purchase Agreement with Liberty Power Holding (Pvt.) Limited and consortium for the sale of…
Domestic customers found stealing gas through direct clamps.
SSGC's Customer Relation Department's anti-gas theft team undertook a raid in Bhangwar Colony in Nawabshah. The miscreants were found stealing gas directly through an underground clamp. The raiding team disconnected…
Power consumption has been declining for five years.
Former President of the Islamabad Chamber of Commerce and Industry (ICCI), Dr. Shahid Rasheed Butt, said on Thursday that the high cost of electricity is the primary barrier to exporting…
Pakistan power generation at 47 months low
• Power generation went down by 8.1% YoY to 7,130 GWh (10,244 MW) during Feb'24, compared to 7,755 GWh (11,541 MW) during Feb'23. On MoM basis power generation declined by 14.2%.…
KATI rejects gas tariff increase; calls for industrial relief
Johar Qandhari, President of the Korangi Association of Trade and Industry (KATI), has vehemently opposed the proposed hike in gas prices for industrial consumers. Speaking out against the measure, Qandhari…
PSA strictly adheres to the regulatory framework
Pakistan Solar Association (PSA), the leading trade body dedicated to advancing solar energy in Pakistan, reaffirms its commitment to its mission despite recent attempts to tarnish its reputation. With over…
Exide Pakistan is executing AKU 3.3 mw solar photovoltaic installation.
As part of AKDN's commitment to net zero by 2030, the Aga Khan University (AKU) is installing its largest solar photovoltaic (PV) project. To commence the project, a signing ceremony…
SSGC LPG successfully unfolds conspiracy by LPG black marketers
SSGC LPG Limited (SLL) is Sui Southern Gas Company Limited's wholly-owned subsidiary Company that operates an LPG Import Terminal at Port Qasim Authority (PQA), Karachi. SLL is a state-owned enterprise…
ADB, WAPDA discuss financial assistance for water and hydropower projects
A 13-member Asian Development Bank (ADB) Mission, headed by Country Director, Progress Review Mission Mr. Yong Ye, called on Chairman WAPDA, Engr Lt Gen Sajjad Ghani (Retd). The ADB Mission…
No gas for 48-hours to all Industries in Sindh
Due to the shortages of gas supplies in SSGC's system, gas availability has decreased, resulting in the depletion of the line pack and low pressures in the system. Under clause…
Zero gas pressure in SITE Brings industrial production to a halt.
Muhammad Kamran Arbi, President of the SITE Association of Industry, expressed serious concern over the very low (almost zero) gas pressure in the SITE industrial area, Karachi. This pressure makes…
SSGC will ensure gas supplies during Sehar and Iftar timings during Ramzaan
SSGC wishes a blessed Ramzaan Mubarak to its esteemed customers and would like to assure them of uninterrupted gas supplies for Sehar and Iftaar preparations. However, it must be remembered…
Hexing Energy’s success at the Solar Pakistan Expo with cutting-edge green energy solutions
Hexing Energy (PVT) Ltd., a leading provider of smart and sustainable energy solutions, concluded its successful participation at the International Solar Pakistan Expo. This three-day event served as a platform…
Dams Committee reviews land acquisition, resettlement status of Diamer Basha, Mohmand Dams
The implementation Committee on Diamer Basha and Mohmand Dams (ICDBMD), constituted by the Honourable Supreme Court of Pakistan, met today to review the status relating to land acquisition and resettlement…
AE Power receives an enthusiastic response at Solar Expo Pakistan.
AE Power significantly impacted Solar Expo Pakistan, held in Lahore's Expo Centre, showcasing its commitment to spearheading Pakistan's green energy revolution. The event attracted considerable attention, signalling a growing national…
KCI laments hike in energy tariffs, feared further rise in doing business cost.
President Karachi Chamber of Commerce & Industry (KCCI) Iftikhar Ahmed Sheikh, while expressing deep concerns over rising cost of doing business due to unbearable hike in energy tariffs, feared that…
Nishat Power announced a cash dividend of PKR 2.50/share.
Nishat Power Limited (NPL) announced its 1HFY24 financial result today where the company posted a profit after tax (PAT) of PKR 2,316mn (EPS: PKR 6.54), up by 13% YoY compared…