September 6, 2026
The $150m BYD electric-vehicle assembly plant at Gharo in Sindh has missed a second target date, with the joint-venture operator declining to explain the delay or comment on localisation plans.
KARACHI: Hub Power Company (Hubco) has announced that it will further diversify its business portfolio by entering the mining sector to boost its earnings as its core business of generating electricity from expensive oil continued to weigh on its economic value. government amid the energy pricing crisis in the country. Along with the diversification announcement, the company on Monday reported a net consolidated profit of Rs 75.29 billion for the year ended June 30, 2024, up 21.5% from Rs 62 billion in the previous year, on the back of notable profits from affiliated companies. It translated to earnings per share
KARACHI: Responding to Goldman Sachs’ forecast of a recovery in Pakistan’s US dollar eurobond, the top foreign bond maturing in April 2024 and others maintained an uptrend for the second consecutive business day on Friday. This marks a partial recovery from the roughly 5% drop following the post-election shakeup. In a story titled “Goldman Sachs sees end to Pakistan bond sell-off on IMF outlook”, Bloomberg reported on Thursday that “Goldman Sachs Group Inc says Pakistan’s dollar-denominated bonds will recover, overcoming a breakout electoral mandate, as the leaders of the emerging coalition understand the severity of the economic crisis and we
KARACHI: Hub Power Company (Hubco) has begun talks to acquire a stake in the country’s top coal-rich mine, which supplies black gold to power power plants, believing the acquisition will prove financially beneficial. Besides, Kot Addu Power Company (Kapco) is attempting to acquire a 49.5 megawatt wind power project located in Sindh, diversifying its operations by embracing clean energy. Hubco said in a filing to the Pakistan Stock Exchange (PSX) on Tuesday that “the board of directors of Hub Power has authorized the company to enter into negotiations and execute definitive agreements for the proposed acquisition of shares of Sindh
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October 26, 2026
The Pakistan Daily
October 26, 2026
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