SBP says banks need to modify business models in the wake of CPEC on December 13, 2017KARACHI: In order to deliver better performance, banks need to calibrate the changing macroeconomic environment in their business models to capitalize the emerging opportunities as arising from the China Pakistan Economic Corridor (CPEC), said State Bank of Pakistan (SBP). The SBP on Tuesday in Quarterly Performance Review of the Banking Sector for the period of […]
NEPRA grants licenses to 5 IPPs, including 3 wind power projects on November 30, 2017KARACHI: National Electric Power Regulatory Authority (NEPRA) has granted power generation licenses to five independent power producers (IPPs); which will add 195 megawatts of electricity to the national grid. The IPPs that were granted licenses are: NORINCO International Thatta Power (Pvt) Limited (NITPPL), Master Green Energy Limited (MGEL), Lakeside Energy (Private) Limited (LEPL), Ghotki Power […]
Pakistan ready to launch DigiSkills training project on November 18, 2017The Ignite (formerly National ICT R&D Fund Company) has invited bids through a request for proposal (RFP) for implementation of DSTP on a national level. According to the RFP document, the DSTP aims to increase number of individuals working as freelancers in the country, number of hours worked per freelancer, earnings per hour or per […]
Pakistan set to start development of information technology park on November 10, 2017KARACHI: The government of Pakistan-envisaging its vision to become a top 25 global economy and join the league of upper-middle income countries by 2025 with ‘Pakistan Vision 2025’-is reportedly fully geared up to establish information technology (IT) park in Islamabad. In this connection, the Ministry of Information Technology and Telecommunication has invited request for proposals […]
SECP winding-up proceedings against JPGL on November 4, 2017KARACHI: The Securities & Exchange Commission of Pakistan (SECP) has decided to file a winding-up petition with the Lahore High Court (LHC) for an Independent Power Producer (IPP), Japan Power Generation Limited (JPGL). In this connection, the SECP has issued an order disposing of proceedings in the matter of show-cause notice issued to JPGL and […]
Textile industry fears bleak future as govt fails to disburse export package on June 22, 2017KARACHI: The country’s total textile exports for the month of May-2017 slumped to $939 million, down 12.2 percent year-on-year (YoY) compared to $1,070 million in May-2016, Pakistan Bureau of Statistics (PBS) reported on Wednesday. The drop in textile exports comes during a tumultuous period for textile manufacturers, where they await the promised incentives by the […]
PITC to replace Ufone SIMs in load shedding monitoring meters on June 14, 2017KARACHI: The Power Information Technology Company (PITC), an autonomous body in WAPDA, is looking to change its Load Data Improvement Project (LDIP)’s service provider telecom company due to poor quality of service. The PITC has invited proposals for support and maintenance of deployed LDIP, a project of monitoring of load shedding schedule across the country. […]
PIA to hire third party to control fuel cost on June 7, 2017KARACHI: The ailing national carrier Pakistan International Airlines Corporation Limited (PIACL) has decided to hire third party vendor to manage its fuel efficiency program by software solution. Keeping in view the importance of fuel savings for PIA, the management has decided to review the fuel efficiency methods and implement initiatives to control the cost of […]
PTA looks to regulate VoIP services on April 26, 2017KARACHI: The Pakistan Telecommunication Authority (PTA) is looking to regulate voice-over-IP (VoIP) apps like WhatsApp, Facebook, Messenger, Skype etc, technologies that allows making voice calls using a broadband internet connection instead of a regular phone line. In this regard, the PTA has issued a request for proposals (RFP) for review of the current telecommunication licensing […]
PTA to establish independent body for telecoms ‘Right-of-Way’ issues on April 15, 2017KARACHI: The Pakistan Telecommunication Authority (PTA) has decided to establish an independent corporate body to deal with the telecom industry’s Right of Way (RoW) issues regarding the roll out of network, infrastructure sharing, and increased cost. A city or town may grant, issue, or deny permits for the use of the RoW by a service […]