Aftab Ahmed Islamabad: Zong—China Mobile Pakistan—is amongst third CMOS with 22% subscribers with network issues, causing problems for users. Customers have now started complaining about issues in a Zong Network. The Zong network had created competition for other telecom companies like Jazz, Ufone, Warid, and Telenor Pakistan as consumers faced few issues in coverage. But…
Aftab Ahmed Islamabad: The State Bank of Pakistan—the country’s banking regulator—has again penalized monetary cumulatively of Rs 97 million to the top three banks for violating the rules, said a circular of the SBP. The regulator penalized the banks who include Habib Bank Limited, MCB Bank Limited, MCB Islamic Bank Limited, and United Bank Limited…
Aftab Ahmed State-run CMO monopoly—Ufone—has the worst performance in two metropolitan cities of the country whereas its subscribers have few complaints about overcharging or billing issues. Ufone—a subsidiary of PTCL, operated by Etisalat of UAE, has worst performance both in quality of service and availability of network in megacities like Karachi and Lahore whereas it…
Aftab Ahmed Islamabad: Engro Pvc resin price in Pakistan are likely to go up as the upward trend in prices continues in the international market. The Engro polymer and chemicals limited revises price of polyvinyl chloride (PVC) resin in Pakistan following fluctuation in global prices. The prices of PVC went up to US$ 55 per…
Aftab Ahmed Islamabad: The National Accountability Bureau (NAB) has sent notices to all the 26 OMCs, including state-run PSO and its regulator—OGRA. The Authority asked OMCs under the petroleum division to submit a report for their alleged POL supplies to special areas under AMLA 2010. “They (OMCs) were asked to provide information u/s 19 of…
Aftab Ahmed Islamabad: Telenor—Norwegian CMO in Pakistan—enjoying the second position with mobile subscribers in the country, has also on the second position with several consumer complaints. The CMO has complaints regarding the quality of service, non-provision of the network, and billing issues said a recent PTA survey and available with Newztodays.com. Telenor’s consumers from Faisalabad, Islamabad,…
Aftab Ahmed Islamabad: Teams of the Competition Commission of Pakistan (CCP) on Monday raided the offices of the Pakistan Sugar Mills Association (PSMA) and seized records to investigate the possible anti-competitive activities in the sugar industry. As part of an ongoing inquiry into the possible anti-competitive activities in the sugar industry, the Competition Commission of…
Aftab Ahmed Islamabad: Zong—a China Mobile Pakistan—has obtained a stay from Islamabad High Court (IHC) for not paying Rs 100 million penalties over non-compliance with regulatory laws. A source in the Telecos and PTA confirmed to the Newztodays.com that One of the four CMOs in the country also obtained a stay for not paying a…
Aftab Ahmed Islamabad: Covid-19 pandemic provides opportunities to expand the business. Fauji Foods Limited is eying a larger market share after restructuring. It also hires professionals from leading FMCGs at key management positions to increase its market share. Fauji Foods Limited made a major restructuring. Therefore, it hired professionals from the leading Fast Moving consuming…
Aftab Ahmed Islamabad: Oil and Gas Regulatory Authority (Ogra) imposed a fine of Rs 5 million each on three OMCs for being responsible in petrol crisis in the current month of June 2020, said a spokesman of the OGRA. Three OMCs fined include BYCO, ASKAR and BE Energy were fined Rs five million each, said…