04292016Fri
Last update: Fri, 29 Apr 2016 09am

Industries & Sectors

Pakistan - Industries & Sectors

PTCL inks fiber leasing agreement with Telenor Pakistan KARACHI: Pakistan Telecommunication Company Limited (PTCL) has signed a fiber leasing agreement with Telenor Pakistan.A PTCL statement on Friday said that Telenor will benefit from this agreement in terms of upgrading its cellular backhaul to cater for exponential data growth in the aftermath of 3G/4G regime in the country.He said that this agreement also serves as a major milestone towards achieving PTCL's overall vision of becoming `The Carrier of Carriers' by leveraging its strengths in infrastructure and services domain.Dr. Daniel Ritz, President and CEO PTCL said that this agreement is indicative of how PTCL's vast network serves as the primary framework for Pakistan's communications infrastructure, connecting millions of consumers across the country.With over 35,000 KMs of fiber deployed across Pakistan, our partnership with Telenor Pakistan will help them to expand their 3G footprint further in order to provide high quality data and voice services to its growing customer base. PTCL ...

Pakistan - Industries & Sectors

PTA endeavouring to curb grey trafficking ISLAMABAD: Pakistan Telecommunication Authority (PTA) in its ongoing efforts to control grey trafficking has unearthed an illegal gateway exchange in Layyah.According to details, a successful raid against the grey operator was carried out along with a team of Federal Investigation Agency (FIA) at Chok Azam, Layyah.An illegal VOIP exchange comprising two gateways, multiple ports along with two connecting devices, other equipment including switches, around 50 SIMs, laptop, modem and Evo were confiscated.One person was arrested ...

Pakistan - Industries & Sectors

PTCL records Rs3.1bn net profit in Q-1, 2016 ISLAMABAD: Pakistan Telecommunication Company Limited (PTCL) has continued its profitable journey once again by making a net profit of Rs 3.1 billion which was 27 % higher as compared to Rs 2.5 billion of same period last year.As per financial results for quarter ended March 31, 2016 presented in its Board of Directors meeting, the profitability of the Group also increased significantly.PTCL Group earned Rs. 29.3 billion revenue during the quarter whereas PTCL's revenues were ...

Pakistan - Industries & Sectors

Italian company intends to set up solar energy projects KARACHI: An Italian company, ENI, has shown interest in establishing alternate energy projects in Sindh, especially, a solar energy project to generate 50 mega watt electricity at Sukkur.The company has expertise in generation of electricity from Sun, Air and Biomass and intends to invest in the same.A three-member delegation of the Italian company expressed these views while talking to Chairperson, Sindh Board of Investment (SBI), Naheed Memon at her office here on Friday, said a ...

Pakistan - Industries & Sectors

CCP launches Urdu website for masses The Competition Commission of Pakistan (CCP) has launched an Urdu version of its official website, in a move to increase it accessibility among the local masses.According to local media reports, the website in Urdu will be helpful for the stakeholders and general public as it will provide information related to the enforcement, advocacy and other activities in Urdu. In addition, CCP is also working on automation of its merger filing system to facilitate its stakeholders. ...

Pakistan - Industries & Sectors

PNSC, NIB Bank renew loan agreement KARACHI: Pakistan National Shipping Corporation (PNSC) on Wednesday successfully renegotiated its loan of Rs 4.5 billion with NIB Bank on soft terms; with a remaining period of seven years on competitive mark-up.As a consequence, PNSC has substantially rationalized its interest cost. The signing ceremony was held here, said PNSC statement. The ceremony was attended by Director General, Ports and Shipping Asad Rafi Chandna, PNSC Board Members, Capt. (Retd) Anwar Shah and Khwaja Obaid Imran Ilyas. ...

Pakistan - Industries & Sectors

PIA management taking steps to enhance revenue KARACHI: The management of Pakistan International Airlines (PIA) is taking various steps to enhance its revenue. This was stated by the Chief Operating Officer (COO) of PIA, Bernd Hildenbrand, here on Wednesday. Spokesman of the national flag carrier said that Bernd Hildenbrand held a meeting with Chairman and President of Exim Bank of the US, Fred Philip Hochberg, at PIA headquarters this morning. He said that Hildenbrand informed that PIA management is taking various steps ...