Islamabad, Oct 25: PTCL’s Share Price Soars Over 40% in Two Weeks Amidst Anticipation of Telenor Acquisition. As the acquisition of Telenor Pakistan draws nearer, the share price of Pakistan Telecommunication Company Limited (PTCL) has increased significantly on the Pakistan Stock Exchange, going from Rs. 11.91 on October 7 to Rs. 16.26 on October 25, 2024. This indicates that throughout the reviewed period, the stock has increased by more than 40 percent. During this time, an average of almost 22 million PTCL shares have been exchanged. Since the Competition Commission of Pakistan (CCP) convened its initial hearing for the Phase…
Author: Iqra Khan
Islamabad, Oct 25: CDA Chairman Muhammad Ali Randhawa Leads Meeting on Proposed Bicycle Tracks Design for Islamabad. Islamabad (PR: October 25, 2024): Chairman Capital Development Authority (CDA), Muhammad Ali Randhawa, chaired a meeting on Friday to discuss the proposed design for bicycle tracks in Islamabad. The meeting was attended by the relevant CDA Members, the officers from CDA and the NESPAK consultants for the project. During the meeting, the consultants from NESPAK gave a briefing on the proposed design for the bicycle tracks. They apprised the meeting that a topographic survey of the proposed tracks has been completed while the…
Islamabad, Oct 25: Bahria Town Karachi Lifts Restrictions on House Construction. In an official Facebook post on October 25, Bahria Town Karachi revealed that it was lifting its earlier restriction that required ground plus one-story building for all residential plot classifications. Plot owners within the housing scheme can now construct single-story or two-story villas, regardless of the category of their plot, thanks to this regulation change, which gives them more options for custom home designs. The administration of Bahria Town, Karachi, also included resources in their statement for those looking for more direction. Plot owners can visit their website or…
Islamabad, Oct 25: Governor Kundi Visits Turkish Aerospace Company at NUST to Show Solidarity Following Ankara Attack. Following the recent attack on Ankara’s aerospace site, Governor Khyber Pakhtunkhwa Faisal Karim Kundi paid a visit to the Turkish Aerospace Company’s Pakistan office at the National University of Sciences and Technology (NUST) here on Friday to offer condolences and show support for the Turkish people. Rizwan Riaz, the pro-rector of NUST, and Sohail Sajid, the country head of the Turkish Aerospace Company in Pakistan, welcomed the governor with open arms. Additionally present were officials from the Turkish Embassy and the Turkish Cooperation…
Islamabad, Oct 25: Awais Leghari Advocates for Strengthened Energy Cooperation with Power China and Energy China. On the fringes of the Third Belt & Road Ministerial Conference in Qingdao, China, Federal Minister for Power Sardar Awais Ahmad Khan Leghari met separately with Mr. Yao Huan, Vice-President of Power China, and Ni Zhen, Deputy Secretary of the Party Committee and General Manager of Energy China. In order to improve Pakistan’s energy cooperation with these prominent Chinese energy corporations, the Federal Minister held productive talks during these meetings. The Minister of Power recalled Premier Li Qiang’s historic visit to Pakistan and expressed…
Islamabad, Oct 25: Pakistan and South Africa Commit to Strengthening Trade and Commerce Cooperation. The two nations agreed to strengthen their trade and commercial cooperation during a meeting between South Africa’s Deputy Minister of International Relations and Cooperation, Anna Thandi Moraka, and Deputy Prime Minister and Foreign Minister Senator Muhammad Ishaq Dar on Friday. The deputy prime minister expressed Pakistan’s desire to expand trade and investment ties and expressed appreciation for the growing trajectory of mutually beneficial cooperation between South Africa and Pakistan during a meeting held on the sidelines of the Commonwealth Heads of Government Meeting (CHOGM) being held…
Islamabad, Oct 25: DPM Dar Engages with Rwandan and Bangladeshi Counterparts to Discuss Trade and Investment Cooperation. On the margins of the Commonwealth Heads of Government Meeting (CHOGM) held here on Friday, Rwanda’s Minister of Foreign Affairs and International Cooperation, Olivier J.P. Nduhungirehe, met with Senator Muhammad Ishaq Dar, the country’s deputy prime minister and foreign minister. Foreign Minister Nduhungirehe and DPM Dar praised the improving trend of Pakistan-Rawanda relations founded on respect for one another and common ideals. They reaffirmed their commitment to enhancing bilateral cooperation and involvement in the economic sphere, particularly in the areas of trade, investment,…
Islamabad, Oct 25: PTEA Condemns Government’s Decision to Cut Gas Supply to Efficient CPPs Starting January 2025. PTEA highly condemns the decision made by the Government to discontinue gas supply to highly efficient CPPs from January 1, 2025. Mr. Khurram Mukhtar Patron in Chief PTEA & Mr. Sohail Pasha Chairman PTEA said in a joint statement. The entire value chain has invested billions of rupees in gas-based power plants for their own use. There are 480 CPPs on the SNGPL network and 800 on the SSGC network. CPPS require stable and consistent power through reliable sources like gas combined heat…
Islamabad, Oct 25: CCP Approves Acquisition of Claforan Trademarks by Hoechst Pakistan Limited. The Competition Commission of Pakistan (CCP) has approved the acquisition of trademarks for the pharmaceutical product Claforan by M/s Hoechst Pakistan Limited from M/s Sanofi Aventis Deutschland GMBH through a Trademark Assignment Agreement. Hoechst Pakistan Limited, a public listed company in Pakistan, specializes in the manufacture, sale, and trading of pharmaceutical products. Sanofi Aventis Deutschland GMBH, a German-based limited liability company, is a prominent pharmaceutical manufacturer and distributor across Europe. With this transaction, Sanofi is transferring Claforan’s trademarks to Hoechst, positioning Hoechst as a key player in…
Islamabad, Oct 25: Leaked Document Reveals True Cause of Internet Disruptions in Pakistan This Year. Multiple underwater cable failures caused some significant and untidy internet outages in Pakistan this year, leaving the country with a 1,750 Gbps data capacity shortage. In 2024, the nation experienced four instances of underwater cable failures that affected internet services all around the country. According to the documents, there were two small and two large faults this year. In February, the SEAMEWE-5 cable was cut close to Egypt. On June 17, the SEAMEWE-4 cable was cut off close to Karachi, causing another interruption and a…
