EPQL receivables at the end of CY24 stood at PkR9.5bn
Engro Powergen Qadirpur Ltd (EPQL) held its analyst briefing earlier today, where the management discussed the following: Net sales stood at PkR13.2bn during the year, unchanged on a YoY basis.…
Revised solar policy termed a blunder
Business leader and former President of the Islamabad Chamber of Commerce and Industry (ICCI), Dr Shahid Rasheed Butt, said on Wednesday that the revised solar policy is a blunder on…
PSA decries lack of consultation with stakeholders for change net metering regulations
Talking about the recent direction by the Ministry of Energy (Power Division) to change Net Metering Regulations, Mr. Waqas Moosa, Chairman of the Pakistan Solar Association, mentioned, "These new regulations…
MARI – Second discovery at Spinwam-1, Waziristan Block
Mari Energies Ltd (MARI) has achieved a second discovery at the Spinwam-1 well in the Waziristan Block, KPK (working interest: 55%), with tested flows of 20.5mmcfd of gas and 117bpd…
Mistreating solar consumers should be stopped: Mian Zahid Hussain
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,…
The government has settled receivables for HUBC’s FO-based plants
We raise our June 2026 TP for HUBC to PKR149/sh, driven by strong dividend potential, and upgrade our rating from Neutral to Buy. While our earnings estimates remain unchanged, enhanced…
Harnessing the economic potential of Pakistan’s minerals landscape
Pakistan has abundant mineral resources and immense economic growth and industrial development potential. The country’s vast reserves of minerals, including coal, copper, gold, iron ore, chromite, and precious stones, provide…
Pakistan minerals investment forum 2025 to be held on April 8-9 in Islamabad
Oil and Gas Development Company Limited (OGDCL), Pakistan's leading exploration and production (E&P) company, in collaboration with the Government of Pakistan and strategic partners, is set to organize the Pakistan…
KATI demands electricity tariff reduction to Rs. 26 per unit
Junaid Naqi, President of the Korangi Association of Trade and Industry (KATI), has urged the government to immediately reduce electricity tariffs to Rs. 26 per unit to ensure the survival…
Solar Pakistan 2025 concludes with major deals, MoUs, and industry collaborations
Solar Pakistan 2025, the region's largest and only dedicated alternative energy event, was organized by Fakt Exhibitions (Pvt.) Ltd. concluded on Sunday at the Expo Centre, Lahore. The flagship solar…
Petro retailers threaten nationwide strike over oil price deregulation
On Sunday, the All Pakistan Petroleum Dealers Association rejected the government's decision to deregulate oil prices. It warned of a countrywide strike to press for a reversal of the disastrous…
HUBC is likely to give PKR 4.00/share for 2QFY25
The Hub Power Company Limited (HUBC) is set to announce its 1HFY25 financial results on Feb 26th, 2025. We anticipate the company to report consolidated earnings of PKR 30,938mn (EPS:…
Pakistan Power Sector – Jan’25: Local Coal-based generation was 37% higher than the reference
Power generation decreased by 1.9% YoY in Jan’25, reaching 8,152 GWh (10,957 MW), compared to 8,314 GWh (11,175 MW) in Jan’24. However, on a MoM basis, power generation increased by…
World Bank’s executive directors visit Tarbela Dam
A delegation comprising Executive Directors of the World Bank visited the iconic Tarbela Dam today; therein, they had a detailed round of the Dam, Tarbela 4th Extension, and the under-construction…
PTA rejects increased security deposit charges of Disco’s
Chairman of the Pakistan Tanners Association, Mr Hamid Arshad Zahur, has expressed deep concern at the proposed demand of Distribution Companies (DISCOs) to increase the security deposit charges by 2600%,…
Hub Power Co – markets said a higher payout could not be ruled out for 2QFY25
Hub Power Company Ltd (HUBC) is expected to report a consolidated profit after tax of PKR10.1bn (EPS: PKR7.75) for 2QFY25, which will be a sharp decline of 47% QoQ and…
Nestlé inaugurates biomass boiler as part of its PKR 2 billion renewable energy investment in Pakistan
Nestlé, as part of its commitment to Pakistan’s vision for renewable energy, inaugurated a biomass boiler at its Kabirwala Factory under its PKR 2 billion umbrella investment in renewable power…
Textile Council rejects gas tariff hike for captive power Plants – a blow to Pakistan’s Textile sector
The Pakistan Textile Council (PTC), which represents 30% of Pakistan’s Textile export earnings, expresses its grave concerns over the Economic Coordination Committee’s (ECC) recent decision to increase the gas tariff…
44% Discounted electricity for electric vehicles, Malik Khuda Bakhsh
Malik Khuda Bakhsh, Convener of the Energy Standing Committee of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), founding Vice Chairman of the Pakistan Petroleum Dealers Association (PPDA),…
Pakistan Power generation up by 1% YoY
Power generation increased by 1.0% YoY in Dec’24, reaching 7,800 GWh (10,484 MW), compared to 7,726 GWh (10,385 MW) in Dec’23. However, on a MoM basis, power generation declined by…
KE’s load-shedding undermines ‘Sasti Bijli Sahulat’ Relief Package: Bilwani
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…
KATI lauds Government for saving Rs1.4 trillion through IPPs contract revisions
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…
Gas price hikes affect consumers and businesses.
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,…
KCCI urges Prime Minister to reject OG RA’s proposed gas tariff hike
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).…
Pakistan Power Generation exceeds the reference level for the second consecutive month
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…