Hubco'S Gharo Plant Launch Targeting 25,000 Vehicles Annually

In a significant development for Pakistan's automotive sector, the Hub Power Company Limited (HUBCO) is set to launch its CKD car assembly plant in Gharo, Sindh, in the second half of 2026, with a target production capacity of 25,000 vehicles annually. This project, which has a total estimated cost of $150 million, achieved financial closure in January 2026, with British International Investment contributing approximately 25% of the financing. HUBCO is also expanding its electric vehicle (EV) charging infrastructure, currently operating 16 charging sites and aiming to cover the motorway network from Karachi to Peshawar. As noted in a report by Topline Securities, "The company holds a 50% share in this project," indicating a strong commitment to diversifying its operations beyond power generation. Meanwhile, HUBCO is exploring opportunities for additional projects, including an aluminium smelter and an oil terminal project, highlighting its ambition to enhance local industrial capabilities.