10012016Sat
Last update: Sat, 01 Oct 2016 11am

Industries & Sectors

Pakistan - Industries & Sectors

Chinese company shows interest to invest in health sector ISLAMABAD: A Chinese pharmaceutical company has expressed keen interest in investment in the healthcare sector specially medical equipment in Pakistan.A delegation of Chinese National Pharmaceutical Group Corporation Sinopharm expressed its interest during meeting with the minister for National Health Services, Regulations and Coordination, Saira Afzal Tarar here on Tuesday.The delegation also discussed joint investment in vaccine production.China National Pharmaceutical Group Corporation (Sinopharm) was the largest medical and healthcare group under the direct leadership of the State-owned Assets Supervision and Administration Commission of the State Council.It was famous for its most comprehensive competitiveness and complete chain of the whole pharmaceutical industry in China.In 2015, the total sales revenue of Sinopharm was over 40.5 billion US dollars. It ranks 276th in the Fortune Global- 500 published by the Fortune Magazine in July 2015.The minister informed the delegation that in Pakistan, there was huge scope for investment in the active pharmaceutical Ingredient preparation ...

Pakistan - Industries & Sectors

Federal govt paid Rs22,290mn oil, gas royalty to Punjab ISLAMABAD: The Federal Government has paid Rs 22,290 million oil and gas royalty to Punjab during last four years, official sources in the Ministry of Petroleum and Natural Resources said."The amount was paid to the province from the financial year 2012-013 to 2015-16 (April 30, 2016) for onward distribution among the oil and gas producing districts," they told APP.The sources informed that the roylty was distributed among eight oil and gas producing districts of the ...

Pakistan - Industries & Sectors

Efforts in progress to complete all IT projects in current FY: Anusha Rahman ISLAMABAD: Minister of State for Information Technology Anusha Rahman on Tuesday said that efforts in progress to complete all the projects of Information Technology during the current fiscal year.She told Senate Standing Committee on Information Technology and Telecommunications held here at Parliament House. The meeting of the committee was chaired by Chairman of the committee Senator Shahi Syed.Members of the committee including Rehman Malik, Taj Muhammad Afridi, Mufti Abdul Sattar, Najma Hameed, Dr.Ghous Muhammad Khan ...

Pakistan - Industries & Sectors

ECC approves reduction in price of imported urea ISLAMABAD: Economic Coordination Committee (ECC) of the cabinet here on Monday has approved the reduction in price of imported urea fertilizer and fixed its price at Rs. 1,200 par bag.The ECC which met here with Federal Minister for Finance Senator Mohammad Ishaq Dar in chair approved the reduction in price of imported urea fertilizer lying with National Fertilizer Marketing Limited (NFML).The summary of reduction in imported urea price was presented by Ministry of Industries and ...

Pakistan - Industries & Sectors

3G/4G Users in Pakistan About to Reach 33mn ISLAMABAD: The 3G and 4G users are about to hit 33 million mark in the country as mobile phone companies added a combined total of 919,513 3G and 4G users to their networks in August 2016.Total number of 3G and 4G users reached 32.7 million by the end of August 2016, the latest statistics issued by regulator - Pakistan Telecommunication Authority (PTA) showed.Mobilink tops the league with 10.41 million 3G users while Telenor lags behind ...

Pakistan - Industries & Sectors

After Netflix, Pakistan braces for iFlix After the entry of streaming media giant into Pakistan, another such video on demand company is eyeing to launch itself into the country. The Kuala Lumpur based iFlix, is all set to begin providing its services to Pakistani users. The company announced their arrival in Pakistan on a newly created Facebook page for this region.“Get ready, Pakistan! It'll be time to PLAY soon!” reads the statement. iFlix as compared to Netflix is a smaller entity, ...

Pakistan - Industries & Sectors

Pakistan TPL Trakker plans on going global TPL Trakker, Pakistan’s largest tracking service provider, and the company behind products like TPL Maps is planning to go global, as the company eyes to expand its service to Bangladesh, Iran and Sri Lanka, over the next three years.“My short-term objective is not to look at maps just for Pakistan, but for all areas where people are not active,” said TPL Trakker Ltd chief executive officer Muhammad Ali Jameel in an interview to Bloomberg. Highlighting ...