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Govt to clear Hubco’s bills in cash, bonds Business February 3, 2021 KARACHI: The government is expected to clear overdue payments of independent power producer Hubco in cash and bonds, according to a filing with the stock exchange. Hub Power Company Limited (Hubco) and the Central Power Purchasing Agency (CPPA) initialed the agreement under which the CPPA is expected to pay Hubco’s receivables in two installments of 40 percent and 60 percent, respectively, within 30 business days, said a notice to the bourse. The initial 40 percent settlement is expected to take place in the form of one-third in upfront cash and the remaining two-third in the form of financial instruments – Pakistan investment bonds and sukuk.

Hub power company limited hubcoNarowal energyCentral power purchasing agencyPower company limitedNarowal energy limitedநரோவல் ஆற்றல்பவர் நிறுவனம் வரையறுக்கப்பட்டவைநரோவல் ஆற்றல் வரையறுக்கப்பட்டவை