Category: Highlights

Telenor concludes strategic review in Pakistan with sale of Telenor Pakistan to PTCL

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telenor

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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Karachiites to pay Rs1.72 more for two FY23 quarters

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Nepra-tariff

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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Petroleum prices likely to be slashed by over Rs10

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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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Dams Committee reviews progress on Diamer Basha, Mohmand Dams

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Mohmand-Dams

December 12, 2023: The Implementation Committee on Diamer Basha and Mohmand Dams (ICDBMD), constituted by the Honourable Supreme Court of Pakistan, reviewed progress on both the projects in its meeting held at ICDBMD Secretariat Islamabad. The meeting presided over by Pakistan Water and Power Development Authority (WAPDA)/ ICDBMD Chairman Engr Lt Gen Sajjad Ghani (Retd), was attended by Chief Secretary Gilgit Baltistan, Additional Secretary (Budget) Finance Division and Secretary/ Senior Member Board of Revenue Khyber Pakhtunkhwa (KP) via Zoom. While Additional Chief Secretary (Development) KP, Joint Secretary PM Office, ICDBMD…

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Solis Recognised Among Top 50 Chinese Global Enterprises

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New-Solis

Ningbo, China, 6 December 2023 — Ginlong (Solis), a leading photovoltaic (PV) inverter manufacturer and the world’s third-largest player (Stock code: 300763.S.Z), proudly announces its prestigious inclusion in the “GlocalIN Top 50 Technology Faces of Chinese Global Enterprises” corporate map. MIT Technology Review China, DeepTech, and LinkedIn China have collaboratively unveiled the “GlocalIN Top 50 Technology Faces of China’s Global Enterprises” map, recognising Solis for its exceptional contributions to the field of clean energy technology. This selection process focused on evaluating companies across intelligent hardware, industrial robots, medical health, and…

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