Year: 2022

Local manufacturing plants have manufactured/assembled 16.7 million phones handsets during the first nine months – January to September 2022 – compared to 1.24 million commercially imported phones handsets, says Pakistan Telecommunication Authority (PTA). The local manufacturing plants have manufactured/assembled 1.09 million mobile phones handsets in September 2022. The manufactured/assembled mobile phones handsets by local manufacturing plants during the calendar year 2021 stood at 24.66 million compared to 13.05 million in 2020 – a landmark increase of 88 percent. The commercial imports of mobile phones handsets stood at 10.26 million in…

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Saudi Arabia is planning to auction five new mining exploration licences with copper, zinc, lead and iron deposits for local and international investors in 2023, the mining minister said on Sunday, as it diversifies the economy away from hydrocarbons. The ministry will launch the bidding process later for the licences in Bir Umq, Jabal Idsas, Umm Hadid, Jabal Sahabiyah and Ar Ridaniyah, a statement from Bandar Al-Khorayef said. The licences will be awarded under a new law that came into effect in January 2021 and aims to accelerate foreign investment…

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ISLAMABAD-NEPRA has imposed a fine of Rs 10 million on Central Power Purchasing Agency – Guarantee Ltd. (CPPA-G) due to its failure to satisfy the Authority in the matter of revision in minimum loading limit of Lalpir and Pakgen power plants.  CPPA-G failed to provide any satisfactory response and was found guilty of violating relevant provisions of the NEPRA Act, Rules, and Regulations, said spokesman NEPRA.The minimum loading limit of Lalpir and Pakgen power plants was revised from 20% to 50% in April 2021 without placing the case before the…

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The government, in collaboration with Independent Power Producers (IPP), is set to agreement on using 10% indigenous coal to generate electricity. The initiative will help in reducing the electricity generation cost in the country. IPPs demonstrated their willingness to generate electricity by using up to 10% of domestic coal. The private Power and Infrastructure Board (PPIB) is planning to switch IPPs to Thar Coal. As the indigenous coal is far cheaper than imported coal. According to various sources, utilizing up to 10% of the Thar coal for power generation will…

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The reconstitution of Board of Directors (BoDs) of three distribution companies (Discos) has been challenged in the court of law, said the sources. The sources said the reconstitution of the Boards of Faisalabad, Islamabad and Lahore electric supply companies (Fesco, Iesco and Lesco) on the ground that they were constituted for a period of three years back in December 2020 by Pakistan Tehreek-e-Insaf (PTI) government and the present government cannot remove them before the expiry of this period. Reliable sources said the petition was filed by one member of Fesco…

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