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Bids for 3G, 4G continue, $ 902.82mn committed so far ISLAMABAD: Bids for auction of 3G and 4G spectrums continued on Wednesday with operators taking part in the process, who had $ 902.82 million so far to get the license.At the outset of bidding, base price for four lots was set at US $ 885 million and the total value of bids had increased by $ 17.82 million after culmination of six rounds. The bids remained the same during 4th, 5th and 6th rounds.Mobilink, Telenor, Ufone and Zong were taking part in the bidding. The bidding was being done electronically through Internet and all the companies were allowed to log into bidding system at 8.00 a.m. However, the first round of bidding started at 10 a.m. The bidding might continue on Thursday.Chairman, Pakistan Telecommunication Authority (PTA) Dr. Syed Ismail Shah, speaking on the occasion, highlighted the arrangements made for Spectrum Auction for Next Generation Mobile Services (NGMS).The expiration duration of ...

Senate body does not make recommendation on Sales Tax (Amendment) Bill ISLAMABAD: Senate Standing Committee on Finance, Revenue, Economic Affairs and Statistics here on Wednesday did not make any recommendation on the "Sales Tax (Amendment) Bill, 2014.The Senate Committee met here with Mrs. Nasreen Jalil in the chair and discussed the consideration of "The Sales Tax (Amendment) Bill, 2014.Ilyas Ahmed Bilour, Haji Muhammad Adeel, Syeda Sughra Imam, Mrs. Nuzat Sadiq and Saleem H. Mandviwalla attend the meting and deliberated the agenda of the meeting.Speaking on the ...

India anti-graft champion accuses rivals of sell-out VARANASI: Firebrand anti-corruption champion Arvind Kejriwal accused his rivals in India's elections on Wednesday of selling out to big business by accepting hundreds of millions of dollars to bankroll their campaigns.As he arrived in Varanasi to file his nomination papers and line up a contest against frontrunner Narendra Modi, Kejriwal said India's democratic future was at stake in the ongoing elections."The people of India have to decide what kind of democracy they want," Kejriwal, who ...

China yuan touches 16-month low against dollar SHANGHAI: China's yuan currency extended its downtrend against the dollar Wednesday to touch a 16-month low, despite the country's central bank fixing its trading point for the unit at a higher level.The unit fell to as low as 6.2466 to the dollar, its weakest level since December 2012, according to Dow Jones Newswires. But it closed at 6.2373, only slightly weaker than Tuesday's close of 6.2370, according to the China Foreign Exchange Trade System.The People's ...

Afghan election result delayed due to fraud probe KABUL: Afghanistan's preliminary presidential election result has been delayed by two days due to fraud investigations and will now be released on Saturday, officials said Wednesday as they vowed to sift out fake votes.Partial results from the April 5 election to succeed President Hamid Karzai have already been released, with former foreign minister Abdullah Abdullah ahead of his main rival Ashraf Ghani after half of the ballots were counted.Hundreds of serious fraud allegations are being ...

UN aid chiefs appeal for Syria access GENEVA: The heads of five UN agencies on Wednesday made an impassioned call to both sides in Syria's conflict to allow aid deliveries countrywide, end siege warfare and halt indiscriminate attacks on civilians."The war escalates in many areas. The humanitarian situation deteriorates day after day," the leaders of the UN humanitarian aid office and its children's, refugee, food and health divisions said in a joint statement."For the civilians remaining in the cities of Aleppo and ...


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