President Karachi Chamber of Commerce and Industry (KCCI) Muhammad Jawed Bilwani, while strongly criticizing K-Electric (KE) for subjecting Karachi’s residents and businesses to intensified load-shedding, urged the federal government to…
The Korangi Association of Trade and Industry (KATI) President, Junaid Naqi, has hailed the federal cabinet’s decision to revise contracts with 14 Independent Power Producers (IPPs) as a transformative step…
The Chairman of National Business Group Pakistan, the President of the Pakistan Businessmen and Intellectuals Forum, the President of All Karachi Industrial Alliance, the Chairman of the FPCCI Advisory Board,…
President Karachi Chamber of Commerce & Industry (KCCI) strongly opposes the Oil and Gas Regulatory Authority’s (OGRA) recommendation for a gas price hike for Sui Southern Gas Company Limited (SSGCL).…
Power generation increased by 6.4% YoY in Nov’24 to reach 8,032 GWh (11,156 MW), compared to 7,547 GWh (10,482 MW) in the same period last year. However, on a MoM…
Sui Southern Gas Company is rehabilitating its ageing gas distribution infrastructure across Karachi. This is a crucial step towards improving the reliability and efficiency of gas supply to its domestic…
InfraZamin Pakistan and Saudi Pak Industrial and Agricultural Investment Co Ltd signed a landmark transaction to provide an 11.5-year Distributed Solar Financing Facility to Acumen Energy Limited (Acumen) for PKR…
Sui Southern Gas Company Ltd. has been pulling out all stops to reduce gas theft incidences. With the availability of gas decreasing every year due to a lack of new…
Sui Northern Gas Pipelines Limited (SNGP) announced the financial result for 9MFY24 today, positing a profit after tax (PAT) of PKR 10,724mn (EPS: PKR 16.91), up 28% YoY. On a…
Power generation increased by 7.2% YoY to 10,262 GWh (13,793 MW) during October '24, compared to 9,572 GWh (12,865MW) during SPLY. Moreover, on a Month-on-Month basis, power generation witnessed a…
Ms. Qurrat Ul Ain, Acting President, FPCCI, has demanded that – while the apex body appreciates the announcement of the winter package – the relief in the electricity tariff announced…
KUALA LUMPUR, Malaysia, Nov. 11, 2024 (GLOBE NEWSWIRE) -- Founder Group Limited (NASDAQ: FGL) (“Founder Group” or the “Company”), a pure play, end to end engineering, procurement, construction, and commissioning…
Mr. Atif Ikram Sheikh, President of FPCCI, has urged the government to announce a comprehensive, effective, and multi-sectoral winter package for trade and industry to mitigate and overcome challenges in…
Hub Power Holdings Ltd (HUBCO/HPHL) and Pakistan State Oil (PSO) have signed an MoU to jointly establish an electric vehicle (EV) charging network across Pakistan. The partnership aligns with GoP…
Amid the hue and cry by the public over highly inflated electricity bills, Nishat Chunian Power Limited recorded a 5.8 per cent growth in its net profit despite a plunge…
Dawlance, Pakistan's leading home appliances manufacturer, has embraced solar power in its manufacturing plants in Karachi with an investment of more than 1,100,000 Euros. The launch of the new solar panel installations…
We expect Hub Power Company Ltd (HUBC) to post NPAT of PkR18.3bn (EPS: 14.1/sh) for 1QFY25, up 7%YoY; however, down 10% on a QoQ basis. The incline mentioned above on a…
Kot Addu Power Plant has informed PSX today that the Company’s bid for the proposed 150 MW K-Electric solar project to be set up at Deh Metha Ghar, Sindh (the…
The rapid growth of rooftop solar systems is transforming Pakistan's energy landscape and creating disparities for lower-income electricity consumers dependent on the traditional grid. Ensuring equitable energy access for all…
Kot Addu Power Company Limited (KAPCO) conducted its analyst briefing earlier today to present investors with updates on their FY24 results and offer insights into the future outlook: KAPCO is…
The Hub Power Company Limited (HUBC) will announce its 1QFY25 financial result on 30th Oct’24. The company is expected to post a profit after tax of PKR 19.3bn (EPS: PKR…
This clarification is being issued in context to the installation charges of Conical Baffles in consumers' gas bills. Pursuant to the meeting chaired by the Prime Minister of Pakistan on the…
SSGC continued to tighten the noose on gas theft miscreants through multiple targeted raids in its Sindh and Balochistan franchise provinces. The ComCompany’scurity Services and Countergas Theft Operations (SS &…
METRO MANILA, Philippines, Oct. 14, 2024 (GLOBE NEWSWIRE) -- Nexif Ratch Energy, a leading independent power producer focused on renewable energy solutions, is thrilled to announce the financial close of…
The government has successfully negotiated with five IPPs to terminate their PPAs prematurely. Two of these five IPPs are from the listed space: Hub Power Co. Ltd. (HUBC) and Lalpir…
