Karachi: An agreement has been reached between two major companies in the country for mineral exploration and development.
Under this agreement, Hub Power Holding and Arc Metal will collaborate to explore mineral resources in Pakistan.
Hub Power Company has informed the Pakistan Stock Exchange (PSX) administration of this significant development through a letter.
The letter also details Hub Power Company’s financial results for fiscal year 2024.
According to these results, the company has announced a quarterly dividend of 8.5 rupees per share for its shareholders.
Additionally, the letter notes that Hub Power Holding has signed an important agreement with the Chinese company BYD.
Under this agreement, Hub Power Holding will collaborate with BYD to assemble electric vehicles in Pakistan.