Allama Muhmmad Iqbal Words, without power, is mere philosophy.
Quaid-e-Azam Expect the best, Prepare for the worst...
Electricity supply has been restored in most parts of the country while it will be restored in remaining areas shortly, officials said Monday. The power supply was cut off last Sunday due to a major breakdown‚ affecting the entire country. Secretary Water and Power, Rai Sikandar, said that production of 5‚800 mega watt […]
Increasing Receivables will lead to fuel shortage: PSO warns The Pakistan State Oil (PSO) has informed that the amount of receivables have reached to Rs179 billion, which is due to the non-payment of the power sector and specifically PIA. The increasing amount of receivables will ultimately affect the supply chain, which will lead to the […]
Liquidity constraints for PSO; threats to cut down fuel supply Pakistan State Oil (PSO) has threatened to all of its defaulting customers to immediately repay the outstanding dues otherwise any further supply of fuel will be cut down until the payment. The petroleum supplier issued a strict statement on Friday to stop fuel supply to […]
Major shareholder abandons Hubco; 140 million shares sold for $60 million The rumours finally materialised last week when Xenel industries of Saudi Arabia actually sold out its entire holding in the Hub Power Company, Pakistan’s Largest Independent Power Plant, to quit its investment from Pakistan. Xenel sold its 140 million shares in Hubco for $60 […]
Is the major shareholder in Hubco about to offload all of its holding? In the exacerbating electric power supply conditions throughout the country, another major blow is about to hit the power generation sector. Xenal Industries of Saudi Arabia, the group which hold 140 million shares in Hubco (Hub Power Company), is expected to withdraw […]
