Maheen Rahman appointed CEO InfraZamin Pakistan

    By NewzTodays Editorial Team | December 6, 2020

    InfraZamin Pakistan’s partners have appointed Ms. Maheen Rahman as the company’s Chief Executive Officer. However, it will be effective on January 1, 2021. She has experience of 12 years working in investment banking, research, and asset management. PIDG has recently launched InfraZamin Pakistan for-profit credit enhancement facility GuarantCo developed. The Company InfraCo Asia Investments and Karandaaz Pakistan…

    PIBTL’s utilization of handling coal reaches 98%

    By NewzTodays Editorial Team | December 2, 2020

    The PIBTL’s utilization of handling coal has reached 98 percent during November 2020. Insight Securities arranged an analyst call with the management of PIBTL where CFO  Arsalan Iftikhar discussed the company’s financial performance and future outlook. Key excerpts from the session. He said that during 1QFY21, PIBTL’s utilization stood at 76.7%, while the company has…

    NHA granted moratorium to resolve over Rs 2 trillion loans

    By NewzTodays Editorial Team | December 2, 2020

    The Economic Coordination Committee (ECC) of the Cabinet has granted a one-month moratorium to NHA to work out details for a financially viable solution of a sick loan of Rs 2.2 trillion. Communication Division requested ECC to convert National Highways Authority loans into Government Grant or granted a waive-off for a much-needed fiscal space. The…

    Telenor consumers report overbilling complaints

    By NewzTodays Editorial Team | November 29, 2020

    Aftab Ahmed Telenor, likewise its other competitors in the telecom market in Pakistan, is poor in performance and the quality of service and network coverage. At the same time, the Network is overcharging its consumers. Telenor, a Norwegian CMOs, has a 27 % market share and is positioned at the second in the market, is…

    No remedy: Jazz continues penalizing the customers

    By NewzTodays Editorial Team | November 27, 2020

    Aftab Ahmed Mobile company-Jazz Pakistan has turned a deaf ear to the complaints box pouring every day, not in dozens but thousands. It is business as usual for Jazz. It is milking the poor consumers to report more profit back in headquarters. Pakistan Telecom Authority compiled consumer complaints every month. The consumers have urged the…

    SNGPL’s Rs 40 billion stuck in litigation

    By NewzTodays Editorial Team | November 26, 2020

    Aftab Ahmed The Sui Northern Gas Company Limited (SNGPL) faces Rs 40 billion stuck due to litigation. SNGPL management informed during a public hearing Oil and Gas Regulatory Authority (Ogra) conducted here. The company management sought implementation of an increase in meter rent from Rs 20 to Rs 40. Economic Coordination Committee (ECC) had already…

    ‘yaari’ a song dedicated to children

    By NewzTodays Editorial Team | November 24, 2020

    Yaari is a song sung and written by Risham Faiz Bhutta. Farasat Anees has produced it and released it on November 21, 2020. The lyrics are based on the concept of toxic attachment and how any attachment that becomes toxic should be left. Moreover, the video is based on and dedicated to all those children…

    MPCL enters into mining exploration in Balochistan

    By NewzTodays Editorial Team | November 24, 2020

    Mari Petroleum Company Limited (MPCL) has agreed with a consortium of companies, including Y.B. Pakistan Limited Arif Habib Equity (Private) Limited, for Potential Mining Projects in Balochistan. In a statement issued to Pakistan Stock Exchange, MPCL announced after the Board’s approval, MPCL has agreed with Y.B. Pakistan Limited, Arif Habib Equity (Private) Limited, Liberty Mills…

    OGDCL to supply additional gas to Engro Urea Plant

    By NewzTodays Editorial Team | November 20, 2020

    The government has decided to allocate gas from Oil and Gas Development Company Limited (OGDCL)’s field to Engro Fertilizer to boost urea production. It decided to allocate gas from OGDCL’s new gas discovery from Umair-01 well to M/S Engro Fertilizer to boost the supply of urea. Umair-01 well in the Guddu block is located in…

    FFBL to invest Rs9.6 billion in Fauji Foods

    By NewzTodays Editorial Team | November 19, 2020

    Aftab Ahmed Fauji Fertilizer Bin Qasim Limited (FFBL) will invest Rs 9.6 billion in Fauji Foods Limited (FFL) to achieve a turnaround. It is seeking its shareholders’ approval to invest Rs3.5 billion in Fauji foods Limited directly. Moreover, it will also provide a corporate guarantee to financial institutions to provide an Rs6.1 billion loan to…