Category: Highlights

The second phase ceremony of the Final Year Design Project Financing 2023-24 of the Pakistan Engineering Council (PEC) was held at Iqbal Auditorium, University of Agriculture (UAF) Faisalabad, by PEC’s Pakistan Development Committee (PPDC). PEC Chairman Engr. Muhammad Najeeb Haroon was the chief guest at the ceremony. As many as 102 universities participated in the event and 92 universities physically attended whereas 1800 students having 543 projects were awarded with financing. The contesting engineering students are awarded sponsorship at the Final Year Engineering Design Project Financing annual ceremony, to promote…

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Oslo, Islamabad, Singapore, 14 Dec 2023: Telenor Group today announces the sale of its Pakistan telco operations to Pakistan Telecommunications Company Ltd (“PTCL”), which is part of technology and investment group e&. PTCL’s major assets include Ufone, a mobile operator in Pakistan with over 20 million customers.The sale is part of Telenor’s strategy to build scale and market-leading players in Asia, as presented at the 2022 Capital Markets Day. It concludes the strategic review of the telco operations in Pakistan, which was announced in July 2022.The remaining Telenor Asia portfolio…

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ISLAMABAD: Under the instructions of the Power Division, the National Electric Power Regulatory Authority (Nepra) has called a public hearing on Dec 20 to rubber stamp the application of Rs1.72 per unit additional cost to consumers of K-Electric on account of two quarterly tariff adjustments (QTAs) for last fiscal year i.e. second and third quarter of FY23. The Power Division had asked Nepra to apply QTAs of Rs0.4689 per unit and Rs1.2489 per unit for the second and third quarter of FY23, respectively, to maintain a uniform tariff across the…

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ISLAMABAD: The prices of major petroleum products — petrol and high-speed diesel (HSD) — are set to fall by over Rs10 per litre each on Dec 15 for the next fortnight mainly because of a decline in the international market. Informed officials said the international prices of both HSD and petrol had declined over the past fortnight by almost 5pc while the rupee had also gained marginally against the US dollar, resulting in a reasonable drop in domestic prices to the consumers. For price calculations, the officials said the HSD…

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