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HUBCO CEO Kamran Kamal joins Ammar H Khan on All Things Money to lay out a pragmatic blueprint for Pakistan’s energy and industrial future: why upstream oil & gas still matters, how offshore 3D seismic can unlock investment, why gas molecules must go to the most efficient users, and how hourly electricity pricing fixes distortions created by the duck curve, solar and batteries. Kamran argues for targeted electrification (water heating, HVAC, cooking), smarter industrial policy (pick winners, baseload industries like metals/chemicals), rethinking fertilizer fuels (including coal-to-chemicals), and building a real e-mobility ecosystem—from two-wheelers and buses to BYD-style localization—without becoming a dumping ground for used imports. A candid deep dive on grids vs. off-grid, marginal vs. cost-plus pricing, and how to convert stability into growth. Chapters: 00:00 – Opening & HUBCO’s Pivot 06:46 – Risk Appetite & Diversification 13:32 – Oil & Gas: Offshore vs Onshore 20:18 – Gas Molecules: Most Efficient Use 27:04 – Hourly Pricing, Duck Curve & Batteries 33:50 – Grids, Private Signals & Taxpayers 40:36 – Baseload Industries & Exports 47:22 – E-Mobility, Tariffs & Closing Notes --------------------------------------------------------------------------------------------------------------------------- Dawn News English is your window into the latest news, insight, and features from South Asia and beyond. Official Facebook: / dawndotcom Official Twitter: / dawn_com Website: www.dawn.com Official Instagram: / dawnnewsenglish #news #latestnews #dawnnewsenglish #dawnnews