HUBC is likely to give a payout of PKR 2.50 per share for 3qfy25
The Hub Power Company Limited (HUBC) is set to announce its 9MFY25 financial results on Apr 29th, 2025. We anticipate the company to report consolidated earnings of PKR 34.6 billion…
BMG & KCCI leadership appreciate PM’s Relief Package for electricity tariff reduction
The leadership of Businessmen Group (BMG) and Karachi Chamber of Commerce and Industry (KCCI), while highly appreciating Prime Minister Shehbaz Sharif for his timely and impactful announcement of a substantial…
The economy paid a heavy price for promoting crooked industrialists
Business leader and former President of the Islamabad Chamber of Commerce and Industry (ICCI), Dr. Shahid Rasheed Butt, said on Monday that one of the largest obstacles to fixing the…
Electricity tariffs should be fixed on a regional basis: 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,…
Govt has rescued the economy from bankruptcy.
Business leader and former President of the Islamabad Chamber of Commerce and Industry (ICCI), Dr. Shahid Rasheed Butt, said on Wednesday that the government has saved the bankrupting economy. He said…
The rapid growth of rooftop solar systems is transforming Pakistan’s energy landscape
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…
HUBC: Profitability to climb by 13.1% YoY in 1QFY25: AHL Research
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…
Govt and COAS congratulated on holding successful SCO Conference
The Chairman of the FPCCI Advisory Board and National Business Group Pakistan, President of Pakistan Businessmen and Intellectuals Forum, and All Karachi Industrial Alliance, as well as former provincial minister…
Ending contracts with 5 inactive IPPs is just the beginning: Malik Khuda Bakhsh
Malik Khuda Bakhsh, a prominent leader in the petroleum and CNG sector, Convener of FPCCI's Standing Committee on Energy, and central member of the UBG Core Committee, has welcomed the…
KATI welcomes the termination of agreements with 5 Inactive IPPs
The President of the Korangi Association of Trade and Industry (KATI), Junaid Naqi, has welcomed the federal government's decision to terminate agreements with five inactive Independent Power Producers (IPPs). He…
Potential positive likely impact on Lalpir Power – A bumper dividend can be expected (IMS Research House Report)
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…
A Research house expects a bounce back in HUBC from around these levels
85k crossed on the back of a strong performance from banks and EnP names 63 shares rose while 32 fell, with BAHL PA (+6.56%), HBL PA (+6.7%) and EFERT PA…
An update on how the govt wants to resolve IPPs issues – still Hubco to follow it
According to News, the federal government’s negotiations with Independent Power Producers (IPPs) have progressed, with four IPPs (Atlas Power, Saba Power, Rousch Power, and Lalpir Power) agreeing to terminate agreements…
Govt’s decision to shut down CPPs is highly laudable.
Business leader and former President of the Islamabad Chamber of Commerce and Industry (ICCI), Dr. Shahid Rasheed Butt, on Friday, lauded the government for deciding to suspend the supply of…
KATI calls for Transparent Audit of CPPA to verify Power Sector Transactions
The Korangi Association of Trade & Industry (KATI) has officially requested the Ministry of Energy to conduct a forensic technical and financial audit of the Central Power Purchasing Agency (Guarantee)…
HUBC dismissed media reports about ongoing negotiations between IPPs and the government.
The Hub Power Company held its financial briefing today. The following are the key takeaways from today HUBC's annual general meeting (AGM). Brief takeaways The Board informed that the company…
The government’s revision of IPP agreements is laudable
Former President of the Islamabad Chamber of Commerce and Industry (ICCI), Dr. Shahid Rasheed Butt, said on Sunday that the business community applauds the government's decision to revise the agreements…
Need to reduce electricity prices to 9 cents per unit demanded
The Vice President and Regional Chairman of the Federation of Pakistan Chambers of Commerce & Industry (FPCCI), Zaki Aijaz, stressed the need to reduce electricity prices to 9 cents per…
Current policies will never make electricity affordable
The Chairman of the FPCCI Advisory Board and National Business Group Pakistan, President of Pakistan Businessmen and Intellectuals Forum and All Karachi Industrial Alliance, and former provincial minister Mian Zahid…
Permanent electricity solution, reduced industry bills needed: Mian Zahid Hussain
The Chairman of the FPCCI Advisory Board and National Business Group Pakistan, President of Pakistan Businessmen and Intellectuals Forum, and All Karachi Industrial Alliance, as well as former provincial minister…
The economic conditions in Pakistan are deteriorating; credit goes to IPPs
Former President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) and Chairman of the Businessmen Panel, Mian Anjum Nisar, stated that the economic conditions in Pakistan are…
Even after 77 years, independence goals remain unmet
The Chairman of the FPCCI Advisory Board and National Business Group Pakistan, the President of Pakistan Businessmen and Intellectuals Forum and All Karachi Industrial Alliance, and former provincial minister Mian…
Incremental benefit must be passed on to Karachi industrial units: FBATI.
The government and concerned authorities should release the allocated funds for incremental benefit subsidy electricity to industrial units of Karachi, mainly Small and Medium Enterprises (SMEs), to prevent the closure…
Govt must act quickly to resolve IPPs issue
Former President of the Islamabad Chamber of Commerce and Industry (ICCI), Dr Shahid Rasheed Butt, said on Friday that an immediate resolution to the IPPs issue is necessary to avoid…
The leather industry requests lower electricity tariffs and reviews of contracts with IPPs.
Chairman of Pakistan Tanners Association (Southern Zone), Karachi, Mr Muhammad Shafi, has noticed an increase in electricity prices of another Rs 2.56/unit for August 2024, as stated by NEPRA earlier…