Day: June 26, 2025

Hubco, PSO Launch First NEV Fast-Charging Station on Lahore-Islamabad Motorway

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PSO-HUBCO

KARACHI: Hubco Green (Pvt) Limited (HGL), a subsidiary of The Hub Power Company Limited, in collaboration with Pakistan State Oil (PSO), has inaugurated its first new energy vehicle (NEV) fast-charging station on the Lahore-Islamabad Motorway (M-2), marking a significant step in the country’s electric mobility transition. Announced via press release on Wednesday, the state-of-the-art station is located at the Magic River Rest Stop and features PSO’s modern Experience Hub, which includes NEV charging facilities, a contemporary Vibe Cafe, and a retail store. The launch is part of Hubco Green’s strategic…

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Power Generation Rises 21% in May Amid Lower Tariffs and High Demand

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Power-Tariff

KARACHI: Pakistan’s power generation surged by 21% in May 2025 compared to the previous month, fueled by reduced electricity tariffs, rising temperatures, and increased economic activity, according to data released by brokerage firm Topline Securities on Wednesday. Total electricity generation stood at 12,755 gigawatt-hours (GWh) in May, up from 10,513 GWh in April—marking the highest monthly output in the past nine months. “The government’s decision to cut electricity prices led to a significant uptick in demand,” said Topline CEO Mohammad Sohail. Year-on-year (YoY), power generation grew modestly by 1.0% compared…

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PM Shehbaz to Attend SCO Summit in China This August

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Shahbaz-Sharif

ISLAMABAD: Prime Minister Shehbaz Sharif will visit China in August to participate in the 25th Heads of State Council summit of the Shanghai Cooperation Organisation (SCO), scheduled to take place in the port city of Tianjin, according to sources at the PM House. During the high-profile summit, PM Shehbaz is expected to hold bilateral meetings with several key leaders, including Chinese President Xi Jinping, Russian President Vladimir Putin, and newly elected Iranian President Masoud Pezeshkian. The summit will bring together heads of state from all 10 SCO member countries, with…

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PM Orders Swift Privatisation of Loss-Making GENCOs, Boosts EV and Power Sector Reforms

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electric-vehicles

ISLAMABAD: Prime Minister Shehbaz Sharif on Wednesday directed authorities to accelerate the privatisation of loss-making power generation companies (GENCOs) and the rollout of electric vehicle (EV) charging infrastructure, while reiterating the government’s commitment to power sector reform and public relief. Chairing a high-level meeting in Islamabad, the prime minister ordered that the auction process for GENCOs be conducted with full transparency and broadcast live on national media. He was informed that the first phase of the GENCOs auction had already generated Rs9.05 billion in revenue, with the second and third…

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Balochistan Seeks Chinese Investment to Boost Value-Added Mineral Trade

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QUETTA: The Balochistan Board of Investment and Trade (BBoIT) has launched a focused initiative to attract Chinese investment into the province’s mineral processing sector, aiming to shift from raw copper ore exports to value-added trade and industrial cooperation. In a virtual meeting held this week, BBoIT officials engaged with the Consul General of Pakistan in Shanghai and the Trade Development Authority of Pakistan (TDAP) to explore deeper bilateral collaboration in mineral development. Discussions centred on enhancing copper ore exports and encouraging the establishment of mineral processing facilities within Balochistan. BBoIT…

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