Possibly either to pressurise the government or to jump the bandwagon of new opportunities – Toyota Pakistan is willing to become a commercial importer of used cars.Indus Motor Company (IMC), the local assembler of Toyota vehicles, express interest in the commercial import of used cars, in line with the government’s recently introduced policy.The company has…
The Competition Commission of Pakistan (CCP) inquiry report suggested that the steel cartel increased prices by an average of 111 percent, with raw steel prices surging by Rs146,000 per tonne over three years. The CCP imposed heavy financial penalties on Aisha Steel Mills Limited (ASML) and International Steels Limited (ISL) after finding both undertakings guilty…
The research study by the Competition Commission of Pakistan (CCP) has highlighted that the state owned entities (SOEs) have monopolistic dominance in imports, storage, and distribution of liquefied natural gas (LNG), while the stringent licensing and tariff regulations restricts private sector participation in this sector. The research study titled “State of Competition in the LNG…
Amid concerns by the relevant government agency as well as the provide sector stakeholders of the auto sector, the ministry of industries has enforced quality standards for both the imported and locally manufactured vehicles. The notifications issued by the Engineering Development Board (EDB), the new framework makes it mandatory for all imported vehicles, whether brand…
After almost 18 months the Competition Commission of Pakistan (CCP) has finally granted approval to the Pakistan Telecommunication Company Limited (PTCL) to acquire 100 pc shareholding of Telenor Pakistan (Pvt.) Ltd. and Orion Towers (Pvt.) Ltd. The announcement made by CCP Chairman Dr. Kabir Ahmed Sidhu, Member Salman Amin, Shahzad Hussain, Registrar CCP and Head…
Daraz Pakistan, the country’s leading e-commerce platform, has pledged PKR 27.5 million (USD 100,000) in support of flood relief efforts being coordinated by the National Disaster Management Authority (NDMA). This contribution is a small step towards easing the hardship faced by communities devastated by the recent floods, reflecting Daraz’s belief in coming together during times…
Possibly to dispel the impression that they were delaying the case – Competition Commission of Pakistan (CCP) has exposed that callous attitude of Pakistan Telecommunication Company ltd (PTCL) was the main hurdle for it’s merger with Telenor-Pakistan. However, the CCP submitted two presentations to the Senate Standing Committee on IT& Telecom.One expressing formalities while the…
The crew of Liquified Petroleum Gas (LPG) tanker attacked by Israeli drone in Yemen is safe and out of Yemeni waters. Interior Minister Mohsin Naqvi has shared the details at his X account that an LPG tanker carrying 27 crew members including 24 Pakistanis and the Captain Mukhtar Akbar was attacked by the Israeli forces…
In its latest Container Port Performance Index (CPPI) 2024, the World Bank listed Port Qasim among the Top 20 improving ports globally, with a 35.2-point leap in performance between 2020 and 2024. The report highlighted that Port Qasim beat the Indian ports by few points. The top performer in this category is the Posorja port…
The Pakistan Telecommunication Authority (PTA) has granted approval for the adoption of Wi-Fi 7 and subsequent Wi-Fi generations within the 6 GHz band (5925–6425 MHz), in line with parameters earlier approved for Wi-Fi 6E. This milestone positions Pakistan among the early adopters in Asia-Pacific, underscoring its commitment to digital innovation and leadership.Wi-Fi 7 delivers ultra-high…