By Abrar Hamza

KARACHI: The Pakistan Telecommunication Authority (PTA) has proposed 120 percent increase in radio frequency spectrum fee for Private Radio Networks (PRN). In recently issued consultation paper on the revision of radio frequency spectrum fee for PRN, the PTA has said that a revision in the fee of frequency spectrum assigned for PRN is being proposed […]

KARACHI: Pakistan is yet to make its name as a global outsourcing location and hence is not reaping many benefits from the global Information and Communication Technology (ICT) value chain while Pakistan Software Export Board (PSEB) need to facilitate interests of global IT Players in establishing business linkages with local IT houses. This was stated […]

KARACHI: In the backdrop of the China-Pakistan Economic Corridor (CPEC), the legacy company of Ittefaq Foundries – Alshafi Group of Companies’ subsidiary Ittefaq Iron Industries Limited (IIIL) – has filed for an initial public offering (IPO) on the domestic stock market to boost its capital. Pakistan Stock Exchange (PSX) shared that IIIL has applied for […]

KARACHI: Hascol Petroleum on Thursday announced that the company has planned to develop a Liquefied Petroleum Gas (LPG) terminal at Port Qasim, Karachi In this regard, the company has applied for a marketing and distribution license of LPG with the Oil and Gas Regulatory Authority (OGRA) and the matter regarding the license is under active […]

KARACHI: The Privatisation Commission (PC) Tuesday invited expressions of interest (EoIs) for disinvestment of 93.88 per cent government shareholding in Small and Medium Enterprises (SME) Bank Limited along with management control. According to a PC announcement, the early submission of EoIs would enable the interested parties to avail maximum time for the submission of statements […]

KARACHI: The Islamabad Electric Supply Company (Iesco) was top-ranked power distribution company (Disco) while Peshawar Electric Supply Company (Pesco) ranked in the bottom five amongst total ten Discos of country, according to National Electric Power Regulatory Authority, (Nepra)’s performance evaluation report for 2014-15. Nepra in its latest performance evaluation report assessed performance of Pakistan’s Discos […]

KARACHI: Auto sector in Pakistan has been seeing an extraordinary level of developments lately as following the French carmaker Renault and South Korean carmaker KIA, another Korean auto giant Hyundai Motor Co is ready to set up a car assembly plant in Pakistan. It seems that the automotive development policy 2016-21 turned out to be […]

KARACHI: Generally, tires expire in six years and a tire’s actual age could be gauged by the code stamped on the side of a tire, but General Tyre Pakistan (GTP) does not mention a manufacturing date on its locally manufactured tires, it is learnt. The GTP, an Original Equipment Manufacturer (OEM) was established by General […]

KARACHI: Pak Suzuki Motor Company Limited (PSMC) has decided to start manufacturing automobile glass in Pakistan along with a local partner, Techno Pack Telecom (Pvt) Limited (TPT). In this regard, PSMC will invest Rs 344 million for a 40 percent stake in the joint venture namely Tecno Auto Glass Limited. “The Board of Directors of […]

KARACHI: The Competition Commission of Pakistan (CCP) has imposed penalties on Shakarganj Foods Products Limited (SFP), Noon Pakistan Limited (NPL) and Engro Foods Limited (EFL) for advertising tea whiteners as milk. In this regard, the CCP has issued order imposing penalties on the aforementioned companies for deceiving consumers by selling tea whiteners as milk since […]