PSO, Hubco Green team up to establish EV charging stations

Joint trading company in Singapore being established in collaboration between PSO and SOCAR
An undated image. — iStock
An undated image. — iStock

In a move aimed at facilitating the adoption of electric vehicles (EVs), Pakistan State Oil Company Limited (PSO) and Hubco Green (Private) Limited have signed an agreement for the development and marketing of EV charging infrastructure in Pakistan.

As reported by The News, EV charging services will be offered at select PSO fuel pumps nationwide as part of the contract.

The signing ceremony was held on February 14, the publication cited a notification issued by PSO to the Pakistan Stock Exchange (PSX) on Monday.

In this regard, a meeting held on the same day by the Economic Coordination Committee (ECC) of the cabinet deliberated on the approval of the establishment of an international joint trading company in Singapore.

The company is reportedly being formed as part of a collaboration between PSO and the State Oil Company of the Azerbaijan Republic (SOCAR).

While reports are making rounds on the internet that the approval has been granted, PSO noted in an official statement that it has yet to receive an official confirmation in the form of meeting minutes.