PSX:HUBC STOCK INFORMATION
Date
Oct , 16 2017
Closing Rate 108.00
Volume
336,900

Education

The Citizen Foundation (TCF) School at Hub

A fully funded TCF School in Hub has been established for the local community. The school currently enrolls 475 students from surrounding communities, Hub and Gadani areas.

HUBCO also provides free-of-cost transportation to the students within 25 km radius of the school, through a transportation fleet of 7 buses and 4 coasters. In addition free school bags, uniforms and books are also provided to all the students.

HUBCO has also converted the entire school on solar panels to overcome the power outages in the area. Approximately 450 students from Hub & Gadani areas are studying at this school and are provided with free transportation, school bags and uniforms.

Recently an extension at the school has added 120 more students in the newly built section. The Company also installed RO plant at the campus for providing safe and drinking water to the school children.

The Company has also constructed another TCF primary school on Pirkas Road. This school will imparts education to 180 children. The Company also distributed more than 6,000 schools bags and stationary packs to students in district Lasbella under a MoU Signed between The Company, Government of Baluchistan and USAID.

Supporting Local Government Schools

The Company signed a MoU with The Citizen Foundation for the adoption of three Government schools in Hub and Lasbella district.

The Company regularly supports local government schools in Hub and Gadani area by providing free school bags, furniture and drinkable water supply through tankers. The Company sponsored Balochi students in the Young Leaders Conference held in Karachi covering the participation fee, accommodation and meals.

Narowal Umbrella Project

Narowal Energy Limited has adopted a government primary school in village Poong in Narowal. Over the last three years, results have shown an enormous improvement in the form of increasing enrolment, grades and a more balanced gender ratio. In addition to providing value added infrastructure, several other initiatives were also taken that included periodic training sessions for teachers, co-curricular activities for students, health and hygiene awareness sessions for students etc. The Company has also adopted a primary school in Burewali village.

Scholarships and Sponsorships

Educating the women of Balochistan has been a regular part of our educational interventions under which scholarships are being provided to 30 female students studying at Sardar Bahadur Khan Women University (SBKWU) Quetta. The scholarship covers semester fee, stipend and hostel charges. Laraib Energy has also initiated a scholarship program under which 18 girls and 9 boys were awarded scholarships in 3 different community schools. The scholarship covers 100% tuition fee, uniform and syllabus.

Apprenticeship Training Scheme

The Company has embarked on the mission to develop skilled-youth in the province of Balochistan. Our apprenticeship training program is carried out at Hub Plant for the local youth of Balochistan. To develop highly skilled Balochi youth, the Company in 2016 increased the trade apprentice strength to 24 as compared to 12 in previous years. The scheme is only for Balochi students and selection is purely on merit. Presently 12 students are undergoing 2 years training at Hub plant.

The induction of this program is merit based and apprenticeship is offered after detailed assessments. The Company provides free technical training for a period of 2-years and also provides all necessary support including boarding and lodging, onsite housing and transportation entailed with monthly stipend to cover their miscellaneous expenses. The apprentices receive training in various technical (electrical, mechanical, instrumentation, plant operations and HVAC) and social skills.

So far, 14 batches comprising of 168 local boys, have graduated from the program. The graduates of our apprenticeship program are employed across various countries of which 86% are working in the industry in Pakistan and Middle East. (14% in Middle East/GCC countries; 29% in other industries including government organizations; 43% are working at Hub Plant either directly or with various services contractors).