Aftab Ahmed Islamabad: Jazz Pakistan—the country’s largest telecom network—also retained the top position in a survey conducted by the regulator about quality of service with the maximum number of complaints. The CMO is also not paying heeds to the queries of the poor and voiceless consumers. Jazz is putting them in the dustbin, leaving the…
Aftab Ahmed Islamabad: The government has approved the changes in key parameters to lower the age limit for IT-related business to avail the loan under Prime Minister’s Kamyab Jawan-Youth Entrepreneurship scheme (PMKJ-YES), a move that will help to achieve the $5 billion IT export remittances target. This step aimed at boosting IT-related activities in the…
Aftab Ahmed Islamabad: State-run fixed-line monopoly—Pakistan Telecom Company Limited (PTCL)—and its subsidiary—Ufone—are under federal minister’s wrath for IT & Telecom for reported poor performance nationwide. Syed Aminul Haque IT Minister, in his tweet from the official account of the Ministry, had snubbed Ufone and PTCL for poor performance. “I have expressed strong anger over the…
Aftab Ahmed Islamabad: The Economic Coordination Committee (ECC) turns down a NAB representation proposal in an Advisory Committee. IT ministry intends to release the unsold spectrum for telecom companies. The IT Ministry proposed NAB representatives in the advisory committee to avoid issues in the future. The summary of the IT ministry is presented before ECC…
Aftab Ahmed Islamabad: The Petroleum Division has proposed a nomination for the board of directors Pakistan Petroleum Limited (PPL) in violation of the Companies Act. Therefore, the cabinet has refused to accord its approval. The Petroleum Division had proposed a 10-member new board of directors and chairman for Pakistan Petroleum Limited (PPL). However, during the…
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: The Oil marketing companies (OMCs) pocket billions from the consumers by keeping petroleum products at custom bonded stores. They are bound to store the POL products at POL storage. But they are not doing so, following expected revisions in oil prices and taxes. They store products following the expected rise in oil…
Aftab Ahmed Islamabad: The Power Division and the NEPRA have joined hands to take action against the K-Electric (KE) authorities in light of the Supreme Court’s orders over Karachi’s electrocution cases. Power Division has decided to call an important meeting of the board of directors of K-Electric on Monday to implement the Supreme Court’s orders…
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…
News Desk Engro Polymer has already increased its PVC prices in the last week of August by Rs6,270/ton. The increase is mainly due to supply shortfall internationally along with PVC major capacities in the United States starter plant turnaround in Mid August 2020. In response to plant turnaround in US markets, Turkey has also increased…