Shams ul Nisa

Hub Power Company Limited (HUBCO) is emerging as a central force in Pakistan’s energy transition by expanding its electric vehicle (EV) charging infrastructure and investing in renewable and innovative energy solutions, reports WealthPK.

The company’s subsidiary HUBCO Green (Pvt.) Limited has launched fast-charging stations for EVs in collaboration with Pakistan State Oil (PSO) and Attock Petroleum Limited. These EV experience centers, now operating in Karachi, Lahore, and Islamabad, are setting new benchmarks for service and reliability in Pakistan’s emerging EV sector.

Strong consumer interest, particularly in BYD vehicles, underscores a growing shift toward green transport. Moreover, HUBCO plans to establish a local assembly plant for new energy vehicles, aiming to make Pakistan a regional hub for EV manufacturing and innovation.

Additionally, HUBCO is actively pursuing greenfield renewable energy projects, including wind, solar, and hybrid solutions, through its subsidiary HUBCO Green (Pvt.) Limited, expanding its sustainability vision.

The company is also exploring advanced clean energy technologies to help decarbonize Pakistan’s power sector and cut reliance on imported fossil fuels. Furthermore, HUBCO is working with PSO to explore a Single Point Mooring (SPM) system and oil terminal in Hub, Balochistan, aiming to boost energy logistics and support alternative fuel integration.

Despite tough macroeconomic climate, the company has maintained strong financial performance and operational resilience. For the nine months ending March 31, 2025, it posted a consolidated net profit of Rs34.25 billion, with Rs26.40 earnings per share.

HUBCO is driving economic growth through clean energy investments that create jobs, support local industries, and attract foreign investment. Its focus on local EV assembly and renewable energy aligns with the government’s green economy goals, promoting innovation and skills development.

Additionally, the company is actively working with the Ministry of Energy and regulators to promote policy reforms that support green investments. HUBCO’s joint ventures in the oil and gas sector are broadening its energy portfolio and contributing to national energy security.

Looking ahead, HUBCO anticipates significant growth opportunities with a strategic focus on green energy, digital innovation, and operational excellence to expand its EV charging network nationwide, launch new wind, solar, and hybrid power projects, and develop local manufacturing for EVs and clean energy technologies.

HUBCO leadership in decarbonization and digital transformation sets new standards for a greener, more prosperous future for Pakistan.

Credit: INP-WealthPk