Hub Power Unveils Major Energy Expansion with New Oil Terminal, EV Charging Network and Industrial Projects
Hub Power Company has announced an ambitious plan to build a new oil terminal, expand into offshore energy exploration, and roll out Pakistan’s largest EV charging network. The company is diversifying across energy, infrastructure, and electric mobility to address the country’s growing energy and transportation needs.
Fatima Fertilizer Crosses $1 Billion Market Cap Amid Strong Growth and Energy Expansion
Fatima Fertilizer Company crosses the $1 billion market capitalization milestone, driven by strong earnings, stable dividends, and strategic expansion into Pakistan’s energy sector through Fatima Petroleum and other ventures.
Bank Alfalah Partners with Engro Elengy and Engro Vopak Terminals to Strengthen Pakistan’s Energy and Petrochemical Sector
Bank Alfalah has announced a strategic partnership with Engro Elengy and Engro Vopak Terminals, supporting Pakistan’s energy and petrochemical industries with financing solutions that drive growth and sustainability.
OGDC receives Rs7.73bn third interest payment under circular debt settlement plan
OGDC has received its third instalment of Rs7.73 billion from Power Holding (Private) Limited under the government’s circular debt settlement plan, marking progress in clearing energy sector liabilities.
Gas Curtailment Causes Rs43 Billion Revenue Loss for OGDC in FY25
OGDC reports a Rs43 billion revenue loss for FY25 due to domestic gas curtailment amid LNG imports. The company anticipates future production growth from Wali and Spinwam fields, ongoing projects, and expects resolution of circular debt issues to strengthen cash flows.
OGDC’s FY25 Profit Declines to Rs170 Billion Amid Revenue Drop and Higher Taxes
Oil and Gas Development Company Limited (OGDC) posted a profit of Rs169.90 billion in FY25, reflecting an 18.70% decline from the previous year, despite announcing its highest-ever dividend payout to shareholders.