The CCP provisionally concluded on Monday that PTCL’s acquisition of Telenor Pakistan (Private) Ltd and Orion Towers Private Ltd could substantially lessen competition in the telecommunication industry. There are four players in Pakistan’s telecom sector: Jazz, Telenor, Zong, and Ufone, a subsidiary of PTCL. After the intended acquisition, Ufone and Telenor will merge to become equally as large as Jazz, leaving only three players in the telecom market. PTCL is a publicly listed company that provides various telecommunication services, such as cellular mobile telephony, wireless local loop service, direct-to-home television service, and financial services, through its subsidiaries in Pakistan, Azad…
Author: WebDesk
Ghazanfar Azzam has decided to step down as the President and CEO of Mobilink Bank after 12 years of service. Under his leadership, Mobilink Bank has experienced remarkable growth and solidified its position as a leader in the Microfinance sector. He helped the Bank undergo rapid digital transformation to strengthen its financial stability, business resilience, and future readiness. The Board of Directors (BoD) has appointed Mobilink Bank’s current Chief Operating Officer *(COO)*, Haaris Mahmood Chaudhary, as the Interim CEO, effective April 29, 2024. This appointment is subject to approval from the State Bank of Pakistan (SBP). The Board has commenced…
Prime Minister Muhammad Shehbaz Sharif on Monday assured his government’s blanket support to the Saudi investment, enabling the investors and businessmen to accomplish their future projects in Pakistan expeditiously with joint ventures and replicate them within short time for the mutual benefits of the people of both countries, APP reported. Addressing a dinner gathering hosted in the honour of visiting delegation of the Kingdom of Saudi Arabia, the prime minister said that time waited for none and stressed that they should overcome the challenges if they really wanted to make use of this opportunity as the Saudi leadership and their…
Punjab’s Chief Minister, Maryam Nawaz, has announced plans for a free motorbike initiative for girls, encouraging parents to have confidence in their daughters’ capabilities. She unveiled this program at the conclusion of the inaugural Chief Minister Pink Games event. Additionally, she introduced the upcoming Punjab League, expected to engage a massive one million participants. During the event, she welcomed the Korean Ambassador, Park Kijun, with the aim of exploring collaboration opportunities in sectors like electronics, automobiles, and information technology. Emphasizing Punjab’s potential for investment in agriculture and mining, the CM aims to improve crop yields per acre by leveraging Korean…
Pakistan’s white-ball skipper Babar Azam supported the selection of pacer, Hasan Ali, in the 18-man squad that will participate in the upcoming Ireland and England T20I series. Hasan last played a T20I match in Asia Cup 2022 and his sudden inclusion was no less than a surprise for the cricket fraternity as players like Zaman Khan, Mohammad Wasim Jr., Usama Mir and others — who have been a regular part of Pakistan over the last two to three years — were ignored. As Pakistan prepare to depart for Ireland, Azam held a press conference on Monday where he expressed that…
The cricket team of Higher Education Commission (HEC) has made a remarkable journey to the semi-finals of the President’s Cup 2024, topping the points table with wins against State Bank of Pakistan, Pakistan Television Corporation, and WAPDA. In an enthralling match on Sunday, the HEC cricket team emerged victorious by 1 wicket against WAPDA, showcasing their exceptional skills and determination. Aqib Liaquat, a student of the University of Sargodha, was the star of the show, taking 5 wickets with his brilliant bowling. The team, comprising university students, has been competing against professional and international cricketers, making their achievement even more…
Pakistan Cricket Board (PCB) Chairman Mohsin Naqvi has announced $100,000 cash award for each player if the Pakistan cricket team wins the ICC Men’s T20 World Cup 2024 in West Indies and the USA next month. The PCB chief visited the Gaddafi Stadium – where the green shirts are preparing for the Ireland series – to meet players and interact with them prior to their departure for the T20 World Cup. He stayed with the team for two hours and, later, hosted a luncheon for the cricket team and officials at a local hotel, said the PCB spokesperson here on…
On the directions of the Prime Minister and in line with the agenda of the Special Investment Facilitation Council (SIFC) to impart latest skills to youth and increase employment opportunities for them, the Ministry of Federal Education and Professional Training has been establishing state of the art IT Laboratories in 16 Federal Government Degree Colleges located in different areas of Islamabad. The students will be offered offer six-month courses in Block chain, data science, AI & game development courses in these newly established technology Laboratories in these institutions. In first phase around 1000 students will be offered courses which are…
As part of the UK Foreign, Commonwealth and Development Office (FCDO)’s efforts to connect with diaspora communities, officials visited Bradford to meet with British-Pakistanis. They were led by Head of Pakistan Department, Richard Lindsay, who used the visit to connect with some of the 140,000 people of Pakistani heritage in the city. The FCDO delegation met with various organisations, including Women Zone, Empowering Minds and QED Foundation. They also met with some of the women from the BBC’s Bradford Aunties documentary which addresses the loss of skills, culture, and language across the generational gap. Head of Pakistan Richard Lindsay said:…
Suzuki Motors Company Limited announced a significant reduction in the prices of its Swift models.The time limited price adjustments aim to make Suzuki Swift more accessible to consumers.Pak Suzuki Motor Company informed its dealer network about the new promotional retail sales prices for the Suzuki Swift, effective from May 1, 2024. The decision to lower the prices reflects the challenges auto industry is facing and company’s realisation to provide value for money to the customers.The reduced prices for different Swift models are as follows: ModelPrevious Retail Price (PKR)Revised Retail Price (PKR)Change (%)Change (PKR)Swift GL MT4,421,0004,336,000-1.9%-85,000Swift GL CVT4,719,0004,560,000-3.4%-159,000Swift GLX CVT5,429,0004,719,000-13.1%-710,000Inclusive of…
