PSO partners with Hubco Green for EV charging network

KARACHI: Pakistan State Oil Company Limited (PSO) has entered into a strategic partnership with Hubco Green (Private) Limited to develop and market electric vehicle (EV) charging infrastructure across Pakistan.

Under the agreement, EV charging services will be established at selected PSO fuel stations nationwide. The signing ceremony took place on February 14, PSO informed the Pakistan Stock Exchange (PSX) on Monday.

In a separate development, the Economic Coordination Committee (ECC) of the cabinet, in its meeting held on February 14, discussed the approval for the incorporation of an international joint trading company in Singapore. The proposed company would be a collaboration between PSO and the State Oil Company of the Azerbaijan Republic (SOCAR).

While some media outlets have reported that the approval has been granted, PSO says it is yet to receive official confirmation in the form of meeting minutes. The company has assured that an update will be provided once the official documents are received.