Wednesday, March 11 2026

K-Electric postpones EOGM, expands directors to 13
K Electric Limited (KE) announced on Wednesday that it postponed its Extraordinary General Meeting (EOGM) to April 2, and increased the number of directors to be elected from 10 to 13. The country’s sole power utility for Karachi shared the information in a notice to the Pakistan Stock Exchange (PSX) today. It said that the decision was taken after the Government of Pakistan (GoP), through the Ministry of Energy (Power Division), informed the company that it would exercise its shareholder right to nominate or elect directors to the board. “It has further been intimated that GoP shall, in exercise of its right, take or communicate its decisions in the context of nomination/election during the process and accordingly shall participate in the manner deemed fit and appropriate by it.
Related news categories: business economic-indicators power-gen-dist psx stock-exchanges
Related symbols: kel (news stock)

Thursday, March 05 2026

PD moved to monetise transmission infrastructure
The Power Division has reportedly been approached with a proposal to monetise the existing national transmission infrastructure through the issuance of investment units to overseas long-term investors, well-informed sources told Business Recorder. Dominari Securities LLC, a New York-based financial advisory and wealth management firm, has proposed a framework aimed at unlocking capital tied to the national grid without privatisation or additional fiscal burden on the government. In a communication to Syed A Hadi, Senior Advisor (Capital Markets) at the Special Investment Facilitation Council (SIFC), Farooq Awan of Dominari Securities LLC shared a policy brief prepared for the Federal Minister for Power.
Related news categories: business economic-indicators power-gen-dist

Wednesday, February 25 2026

HUBC posts Rs10.6bn profit in 2QFY26
Hub Power Company Limited (HUBC) reported consolidated profit of Rs10.6 billion for the second quarter of FY26, translating into earnings per share (EPS) of Rs8.19, up 152 percent year-on-year but down 9 percent on a sequential basis, with the result falling short of industry expectations due to a higher-than-anticipated effective tax rate. The sharp year-on-year increase in earnings was primarily attributed to amendments in the company’s Power Purchase Agreement (PPA) implemented in 2QFY25, which improved base profitability. However, quarter-on-quarter decline in profit was mainly driven by a rise in the effective tax rate (ETR). The company’s ETR stood at 23.8 percent in 2QFY26, compared to 38.7 percent in the same quarter last year and 19.3 percent in 1QFY26. Cumulatively, the effective tax rate for 1HFY26 was recorded at 21.6 percent, compared to 19.7 percent in the corresponding period last year.
Related news categories: business economic-indicators power-gen-dist psx stock-exchanges
Related symbols: hubc (news stock)