05012016Sun
Last update: Sun, 01 May 2016 09am

Industries & Sectors

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 Rs. 18 billion. The Company's profitability remained stable despite competition.PTCL Group continues to invest into integrated solutions, delivering exceptional quality on the back of its proficient Data services.Copyright APP (Associated Press of Pakistan), 2016 ...

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 ...

Pakistan - Industries & Sectors

504,000 metric ton wheat to be procured in division FAISALABAD: The food department will procure 504,000 metric ton of wheat in the division.The distribution of gunny bags among farmers will start from April 15 and for this purpose 38 procurement centers have been set up in the division. This was stated by Director Food Punjab Asif Bilal Lodhi in a meeting held to review wheat procurement arrangements here Wednesday.He said 149,000 metric ton wheat would be procured in district Faisalabad, 197,000 metric ton in ...

Pakistan - Industries & Sectors

Pakistan Railways to purchase 800 bogies from China ISLAMABAD: Pakistan Railways will purchase 800 bogies of goods train from China by end of this year.According to a private news channel, these bogies will be used for carriage of coal from Karachi to Sahiwal for coal power project.According to the report, Pakistan will be able to save 6 billion rupee annually after inclusion of these bogies in Pakistani Railways system.The reports said that 205 bogies will be manufactured in China, while rest of bogies ...