Elsewedy Electric keen to acquire HEC in Pakistan

    By NewzTodays Editorial Team | May 25, 2021

    Islamabad: Elsewedy a leading Egyptian electric company is likely to acquire Heavy Electric Complex (HEC). The Egyptian firm Elsewedy Electric has already acquired Siemens in Pakistan and now desiring to acquire HEC as well. The Egyptian firm is a potential bidder for the acquisition of Heavy Electric Complex (HEC). Elsewedy Electric recently acquired a 100% equity stake…

    First Pakistan payment gateway PayFast gets license

    By NewzTodays Editorial Team | May 25, 2021

    Karachi: State Bank of Pakistan (SBP) has granted a business license to the first online payment gateway ‘PayFast. This is an international payment gateway to make transfers abroad as well. Therefore, it becomes the first Pakistani online payment gateway, receiving a business license from the State Bank of Pakistan. It will be a good addition…

    Complaint: PTA directs Prior Consent to activate services

    By NewzTodays Editorial Team | May 24, 2021

    Aftab Ahmed Islamabad: In a bid to address the consumers’ complaint, the Pakistan Telecommunication Authority (PTA) has directed telecom companies of Pakistan to seek the explicit consent of consumers to activate packages. Telecom companies have auto subscription packages which result in minting money from the consumers without their prior consent. Now, telecom regulator-PTA has directed…

    Samrah Enterprises launches Brand ‘Dandy’ in Pakistan

    By NewzTodays Editorial Team | May 24, 2021

    Islamabad: Samrah Enterprises commemorates the launch of Dandy in Pakistan an exclusive event held at Naheed Supermarket on the 22nd of May. The announcement was made at the event, by Mishal Mohammed A. A. Al –Ansari, Consul General of the State of Qatar who graced the occasion as Chief Guest and inaugurated the launch of…

    Pakistan, US discuss trade’s potential through Gwadar

    By NewzTodays Editorial Team | May 21, 2021

    United States (US) has expressed interest in a joint venture in the maritime sector and avail massive potential of Afghan transit trade through Gwadar Port. US Chargé d’affaires a.i. Angela Aggeler apprised the minister about her visit to the Gwadar port and both discussed the massive potential of Afghan transit through Gwadar port. She called…

    CCoP decides to outsource Discos’ management

    By NewzTodays Editorial Team | May 21, 2021

    Aftab Ahmed Islamabad: The Cabinet Committee on Privatisation (CCoP) on Friday approved outsourcing the management control of Power Distribution Companies (Discos) instead of their complete privatization. Earlier, the government had decided to privatize the Discos in Pakistan. The CC0P took the decision while considering a summary of Private Sector Participation in Management of DISCOs. The…

    OGDCL Shares’ Price low: Divestment put on hold

    By NewzTodays Editorial Team | May 21, 2021

    Aftab Ahmed Islamabad: The Cabinet Committee on Privatization (CCoP) on Friday decided not to proceed with divesting shares of oil and gas development company limited (OGDCL)’s and Pakistan Petroleum Limited (PPL) due to low share price in the market. Pursuant to the decision of the Cabinet Committee on Privatization (CCoP) dated 21-08-2020, the Privatization Commission…

    Zong Pakistan Network problem: No end to sufferings

    By NewzTodays Editorial Team | May 21, 2021

    Aftab Ahmed There is no end to the problem on Zong Network in Pakistan. You may be receiving messages from the Zong network relating to call packages daily, weekly or monthly basis. Zong has also been quick to send a message regarding call packages to another network. But it is not quick to address the…

    Amazon will ensure delivery in Pakistan Now?

    By NewzTodays Editorial Team | May 21, 2021

    Will Amazon ensure delivery in Pakistan now? When will happen it? This may happen in the future as Pakistani entrepreneurs and companies can only sell their products on Amazon. However, Amazon has not offered the facility of delivery of products in Pakistan at present. It has just added Pakistan to the seller list. Vice President…

    Ayub Takes Over Charge as MD NTDC

    By NewzTodays Editorial Team | May 20, 2021

    Lahore:  The Ministry of Energy (Power Division) has appointed Engr. Muhammad Ayub as Managing Director National Transmission and Despatch Company (NTDC) as a stopgap arrangement. The Board of Director NTDC has recently promoted him as Deputy Managing Director Planning & Engineering (P&E). The spokesman of NTDC has said that Engr. Muhammad Ayub did his Master…