Author: Admin

HUBCO Embarks on Bold Diversification Drive with Aluminium Smelter, SPM Project, and BYD EV Venture

Admin
Hubco-Project

KARACHI: The Hub Power Company Limited (HUBCO), Pakistan’s largest independent power producer (IPP), is charting a major diversification path by exploring multiple ventures at its 1,100-acre base plant in Hub, including an aluminium smelter, a Single Point Mooring (SPM) facility, and a local electric vehicle (EV) assembly project in partnership with BYD. According to a report by Topline Securities, HUBCO’s management is evaluating various options to utilize its strategic land and infrastructure. Among them, the company has explored setting up an aluminium smelter—an energy-intensive industry that could help address Pakistan’s…

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FPCCI and UNDP Have Launched a DedicatedBusiness & Human Rights Desk at FPCCI Head OfficeAtif Ikram Sheikh, President FPCCI

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FPCCI-Project

Karachi: Mr. Atif Ikram Sheikh, President FPCCI, has apprised that The Federation of Pakistan Chambers of Commerce and Industry (FPCCI), the apex body representing the entire business, industry and trade community of Pakistan, has established a dedicated Business & Human Rights (BHR) Desk at its head office in Karachi with the support of United Nations Development Programme (UNDP). Atif Ikram Sheikh added that this groundbreaking initiative marks a significant step toward integrating human rights principles into Pakistan’s business ecosystem, aligning with the National Action Plan on Business and Human Rights…

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Pakistan Reduces Default Risk, Becomes Only Country Showing Consistent Economic Improvement: Bloomberg

Admin
New-Bloobberg

ISLAMABAD – Pakistan’s risk of default has significantly declined, making it the only country in the world showing consistent economic improvement, according to a latest Bloomberg report. The report highlights that Pakistan has recorded the fastest reduction in default risk globally, reflecting sustained improvement in its macroeconomic indicators. The country now ranks second after Türkiye in terms of improvement in financial stability. Advisor to the Federal Minister for Finance, Khurram Shehzad, stated that Pakistan is the only country that has shown quarter-on-quarter economic improvement over the past year. He noted…

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Pakistan Imports 12.7GW of Solar Modules in Nine Months, Marking a Major Shift Toward Clean Energy

Admin
Solar-Panels

ISLAMABAD – Pakistan’s transition toward renewable energy is gaining remarkable speed, with solar photovoltaic (PV) module imports reaching 12.7 gigawatts between July 2024 and March 2025. This surge—equivalent to nearly one-fourth of the nation’s total power generation capacity of 46.6GW—signals a profound transformation in Pakistan’s energy mix, moving decisively away from costly imported fossil fuels. From residential rooftops to large industrial zones, solar installations are spreading rapidly across the country. The growth is being propelled by soaring electricity tariffs, frequent grid disruptions, and increasing awareness of sustainable energy alternatives. Experts…

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Hitachi Energy Secures Landmark Contract to Strengthen Pakistan’s Power Transmission Network

Admin
Transmission-Line

Pakistan’s journey toward a sustainable and resilient energy future takes a major step forward as the National Transmission and Despatch Company (NTDC) awards Hitachi Energy a strategic contract for the 765/220 kV Mansehra Grid Station (Lot-III)—the first project of its kind in the country. This groundbreaking initiative aims to modernize the national grid and support Pakistan’s growing industrial and residential energy demands. Meeting Pakistan’s Growing Power Needs With cities expanding and industries thriving, Pakistan faces increasing pressure to ensure a reliable and efficient power supply. The modernization of the national…

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