Committed to enabling access to affordable power and bolstering the energy security for its customers, the CEO of K-Electric (KE) Mr. Moonis Abdullah Alvi, and the CEO of The Hub Power Company Limited (HUBCO) Mr. Kamran Kamal, signed a Memorandum of Understanding (MoU) to explore the opportunity for off-take...
In a significant move, the Finance Ministry is gearing up to release Rs 30 billion to Pakistan State Oil (PSO) this week. This financial injection is a strategic step aimed at addressing the financial needs of PSO, a crucial player in the energy sector, and ensuring the smooth functioning...
Pakistan's power sector is currently undergoing substantial reforms. These initiatives, collectively referred to as "Power Sector Reforms," aim to address critical challenges, enhance efficiency, and create a sustainable and transparent energy framework in the country.
The impetus behind these Power Sector Reforms lies in the commitment to meeting the conditions...
In a strategic move, Hub Power Company Limited (Hubco) is set to acquire shares of Sindh Engro Coal Mining Company Limited (SECMC). This significant development marks a key collaboration in the energy sector, combining the strengths and resources of two major players to further enhance the efficiency and sustainability...
In a concerning turn of events, Pakistan's circular debt has reached an unprecedented milestone, surpassing Rs 5.7 trillion. This alarming surge raises critical questions about the economic challenges faced by the country, as circular debt continues to be a persistent and escalating issue.
The burgeoning debt, now exceeding Rs 5.7...
