PSO receivables reach Rs734bn ISLAMABAD: The receivables of Pakistan State Oil (PSO) have reached Rs 734 billion including Rs 163 billion late... Updated 18 Feb, 2023 08:53am
Markets Thar coal-based 330 MW power plant achieves COD The collective power generation capacity of HUBCO and its group companies has increased to 3,581 MW Published 17 Feb, 2023 11:23am
Print Premature termination of PPA of Hubco power plant recommended ISLAMABAD: A panel comprising officials from Power Division and its attached Organisations has recommended premature... Updated 27 Jan, 2023 09:03am
Print Protection of Economic Reforms Act: MoF asks Power Div to satisfy Chinese lenders ISLAMABAD: Ministry of Finance (MoF) has asked Power Division to expedite measures to satisfy Chinese lenders on the... Updated 23 Jan, 2023 09:22am
Markets 330MW ThalNova project synchronized with the national grid KARACHI: The Hubco’s 330 MW ThalNova Power Thar has been successfully synchronized with the National Grid lifting... Published 31 Dec, 2022 07:56am
Markets Prime International acquires Eni’s business in Pakistan: Hubco Company says Hub Power Company will further develop indigenous fuel sources, which will help reduce country’s reliance on imports Updated 30 Dec, 2022 08:20pm
Markets Hubco-CPHGC: encashment notice withdrawn, standby LC extended China Power Hub Generation Company (CPHGC) has withdrawn the encashment notice dated November 23 of a Standby Letter... Updated 23 Dec, 2022 03:55pm
Print Encashment of SBLC: Resolve Hubco-CPHGC dispute, PM asks authorities concerned ISLAMABAD: Prime Minister Shehbaz Sharif has directed the concerned authorities to resolve a dispute between Hub... Updated 01 Dec, 2022 11:17am
Business & Finance Hubco takes legal action against CPHGC encashment notice CPHGC had served notice to Hubco for encashment of a Standby LC worth $150 million Updated 24 Nov, 2022 04:16pm
Business & Finance CPHGC serves notice to Hubco for encashment of $150mn Standby LC The China Power Hub Generation Company Limited (CPHGC) served a notice to HUB Power Company Limited (Hubco) for the... Updated 23 Nov, 2022 08:07pm
Markets Prime International set to acquire Eni’s business in Pakistan PSX notice sent by HUBCO says completion of the transaction could potentially reduce the country’s dependence on imported oil and gas Published 17 Nov, 2022 04:09pm
Markets HUBCO to invest additional $1mn in Thar Energy Limited TEL is a joint venture between HUBCO, Fauji Fertilizer Company Limited and China Machinery Engineering Corporation Updated 06 Oct, 2022 11:15pm
Markets Thar Energy Limited's 330MW plant to commence operations from Oct 1 Thar Energy Limited (TEL), a joint venture between Hub Power Company Limited (HUBCO), Fauji Fertilizer Company... Published 30 Sep, 2022 03:45pm
BR Research HUBC – earnings slip HUB Power Company Limited (PSX: HUBC) announced its financial performance for FY22 recently with a slight dip in... Published 30 Aug, 2022 08:38am
Pakistan PCE dispute with CPPA-G: Hubco approaches Power Div secy ISLAMABAD: Hub Power Company (Hubco) has approached Secretary Power Division, Rashid Langrial, for support for... Published 30 Aug, 2022 06:45am
Business & Finance Hubco asks CPPA-G to resolve payment ‘disparity’ issue ISLAMABAD: The bitterness between M/s Hubco Power Company (Hubco) and Central Power Purchasing Agency- Guaranteed... Updated 27 Aug, 2022 09:52am
Print ‘Fairness’ of payments: CPPA-G, Hubco lock horns ISLAMABAD: Central Power Purchasing Agency- Guaranteed (CPPA-G) and M/s Hub Power Company (Hubco) have reportedly... Updated 26 Aug, 2022 09:44am
Business & Finance Overdue receivables’ payment: Hubco accuses CPPA-G of being ‘unfair’ ISLAMABAD: M/s Hub Power Company (Hubco) has reportedly accused Central Power Purchasing Agency Guaranteed (CPPA-G),... Updated 16 Aug, 2022 03:03pm
Print Implementation Agreement: Hubco urges govt not to withdraw IT exemption ISLAMABAD: Hub Power Company (Hubco) has urged the federal government not to withdraw income tax exemption available... Updated 20 Jun, 2022 09:56am
Print LPTL seeks permanent exemption from IFRS-9 ISLAMABAD: Following the footsteps of M/s Hub Power Company (Hubco), the Liberty Power Tech Ltd (LPTL) has also... Updated 20 May, 2022 10:22am
Print Eid holidays may disturb oil supplies: Power plants: furnace oil arranged for May ISLAMABAD: The Petroleum Division has arranged 281,000 MMT furnace oil for May 2022 for the power sector to be... Updated 01 May, 2022 09:04am
Print Acute fuel shortage: Hubco on the verge of shutdown ISLAMABAD: M/s Hub Power Company (Hubco) has once again raised the issue of acute shortage of RFO in the country and... Updated 27 Apr, 2022 10:40am
Business & Finance Hubco's Narowal Plant engines develop fault, electricity generation halted Hub Power Company Ltd (HUBCO) in its notice to the Pakistan Stock Exchange (PSX) on Friday informed that its two... Published 04 Mar, 2022 05:12pm
Print PSO: power sector key defaulter ISLAMABAD: The circular debt of Pakistan State Oil (PSO) has reached all-time high at Rs425.446 billion by ... Published 01 Jan, 2022 04:07am
Pakistan ‘Professional jealousy’ behind allegations: Acting MD NTDC LAHORE: Acting Managing Director (MD) National Transmission & Despatch Company (NTDC) Manzoor Ahmad has claimed... Published 10 Dec, 2021 04:29am
Pakistan US CG visits Hubco power plant KARACHI: United States Consul General Mark Stroh traveled to Hub, one of the largest industrial cities of... Published 04 Dec, 2021 04:23am
Print PSO receivables hit Rs402.863bn mark The company announced its highest-ever after-tax profit of Rs29 billion for financial year 2020-21 Updated 28 Nov, 2021 10:01am
Print Circular debt of PSO soars to all-time high ISLAMABAD: The circular debt of Pakistan State Oil (PSO) has reached all-time high of Rs397.5 billion in November.... Published 19 Nov, 2021 04:35am
Print Inefficient power, RLNG sectors: PSO receivables hit Rs380.464bn mark ISLAMABAD: Pakistan State Oil's (PSO) receivables have touched Rs380.464 billion due to inefficient power and RLNG... Updated 07 Nov, 2021 02:37pm
Markets KE’s results belie enormity of power sector challenges K-Electric’s recent submission of its financial results to the PSX reported a profit of PKR 11.9 billion, a... Published 16 Sep, 2021 04:02am