PakStox Outlook

#PSX:HUBC - Hub Power. Financially, consolidated net profit stood at Rs. 34,249 million (EPS: Rs. 26.40), down from Rs. 49,547 million (EPS: Rs. 38.20) in the same quarter last year, primarily due to the termination and amendment of PPAs for the Hub and Narowal Plants. Unconsolidated net profit was Rs. 18,566 million (EPS: Rs. 14.31), compared to Rs. 21,958 million (EPS: Rs. 16.93) last year, mainly due to the same PPA termination, though partially offset by increased dividend income and lower finance costs. Operational highlights included continued power generation across multiple plants, with notable output from TN (1,300 GWh at 66% load factor) and TEL (1,102 GWh at 56%). In the exploration and production segment, the Company progressed with the South West Miano III block, having secured JV budget and begun preparations for drilling, while continuing to explore further opportunities. On the growth front, Mega Motor Company launched BYD experience centers in major cities and is worki...

Monetary Policy Committee of the State Bank of Pakistan. has decided to cut the policy rate by 100 bps to 11 percent, effective from May 6, 2025. Policy Decision MPC cut the policy rate by 100 bps to 11% , effective May 6, 2025. Decision driven by sharp decline in inflation , especially food and electricity prices. Core inflation also declined due to a favorable base effect and moderate demand. MPC emphasized a measured stance amid global uncertainty (e.g., tariffs, geopolitics). Macroeconomic Developments Real GDP growth : Q2-FY25 at 1.7% , revised Q1 up to 1.3% from 0.9%. Current account surplus : $1.2 billion in March , cumulative $1.9 billion in July–March FY25. Business and consumer sentiment continued to improve. Tax shortfall widened; global uncertainty led to IMF’s downward revision of global growth forecasts. Real Sector H1-FY25 GDP growth at 1.5% , in line with expectations. Positive momentum in vehicle and fuel sales, electricity generati...