Relief expected as OGDCL ensures gas supply increase on November 24, 2016KARACHI: In order to meet the increasing demand in winters, the Oil and Gas Development Company (OGDCL) was all set to inject 100 million cubic feet of gas per day (mmscfd) in the system. OGDCL, the largest exploration and production company in Pakistan, would also inject 400 metric tonnes of liquefied petroleum gas (LPG) and […]
PTA to introduce price floor regime for telecom sector on November 22, 2016KARACHI: Pakistan Telecommunication Authority (PTA) has decided to introduce price floor regime for mobile broadband services, in order to address the issue of unhealthy competition and protect and maintain the profitability of the telecom sector. The regulatory body has planned to set minimum level of retail prices for mobile data and broadband services, while the […]
World Bank to support Sindh government’s recruitment plan on November 18, 2016KARACHI: In the wake of the Sindh Government’s agenda to provide 50,000 new job opportunities in the province, the World Bank (WB) will prepare a project in support of the Sindh Government’s recruitment plan, Daily Times learnt on Thursday. “We are working with the provincial government to support their efforts to improve competitiveness which would […]
NEPRA upholds Rs 10m penalties for K-Electric over failure in heat-wave on November 1, 2016KARACHI: In the matter of Motion for Leave for review filed by K-Electric against National Electric Power Regulatory Authority (NEPRA)’s decision of Rs10 million of penalties, the authority dismissed the review motion and upheld its previous decision. In March 2016, the NEPRA imposed penalties on the K-Electric to the extent of Rs 10 million in […]
Satellite broadband filling Pakistans mobile coverage gaps on October 11, 2016KARACHI: Despite arrival of next generation technologies, the internet is yet to make a difference in remote indigenous communities and businesses then satellite broadband service providers continued to gain market share in far-off regions. In this regard, YahClick, a UAE based satellite broadband internet company having coverage in 28 countries launched its Ka-band satellite broadband […]
Pakistanis pay Rs 124 billion taxes on telecom services on October 8, 2016KARACHI: Pakistanis paid Rs 123.47 billion to the government in terms of taxes and duties on telecom services during the Fiscal Year 2015-16 (FY16) pushing total telecom sector contribution to national exchequer up by 25% to Rs157.85 billion. On the top of all, the government has collected Rs 41.65 billion General Sales Tax (GST) and […]
Nepra grants licences to RLNG-based firms on September 30, 2016KARACHI: The National Electric Power Regulatory Authority (NEPRA) has granted electricity production licenses to National Power Parks Management Company (Private) Limited (NPPMCPL) for its proposed two Re-gasified liquefied Natural Gas (RLNG) based power plants. NPPMCPL is a wholly owned company by Federal government and it has planned to setup two RLNG based power plants in […]
Sazgar to invest Rs 330 million in production facility on September 27, 2016KARACHI: Sazgar Engineering Works Limited (SEWL), a leading CNG auto rickshaw manufacturer, has decided to invest Rs 330 million more in production facility to meet a growing demand of 3 wheelers in the country. In this regard, the company has decided to set up additional production facilities for auto rickshaw manufacturing. ‘In order to cope […]
Sajjad Textile Mill announces shut down on September 25, 2016KARACHI: During the ongoing tenure of the pro-business government, another textile unit in Pakistan, Sajjad Textile Mills Limited, has announced its closure while 110 textiles mills have already closed their operations mainly due to increasing cost of doing business. The company stated in a filing with the stock exchange that the board of directors of […]
PTA issues SOPs for cross-border communication links on September 23, 2016KARACHI: The Pakistan Telecommunication Authority (PTA) has issued Standard Operating Procedures (SOP) for telecommunication and internet companies to establish cross border bilateral/transit communication links with neighboring countries. Recently, the government had allowed private telecommunication and internet companies to sign agreements with neighboring countries for internet services and telephone traffic using satellite, wireless and submarine networks. […]