The Competition Commission of Pakistan (CCP) has cracked down on Nishat Hyundai Motors, slapping the auto giant with a Rs 25 million penalty for deceptive marketing tactics during the much-hyped 2020 launch of its Hyundai Tucson SUV. The CCP launched an investigation after Hyundai’s big Facebook Live event where it …
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In a recent session of the National Assembly’s Standing Committee on Information Technology and Telecommunication, chaired by Aminul Haque, the Chairman of the Pakistan Telecommunication Authority (PTA), Major General (Retd.) Hafeez ur Rehman, provided a comprehensive briefing on the licensing status of Starlink and various challenges facing Pakistan’s telecom sector. …
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Federal Minister for Power, Awais Khan Leghari, inaugurated Pakistan’s first-ever 120 KW fast-charging station, developed by GoGreen Avenue. The event, held in Islamabad, marked a significant milestone in the country’s transition towards sustainable energy. As part of the Ministry of Energy’s broader efforts to promote green mobility and energy-efficient solutions, …
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The inaugural meeting of the Pakistan Crypto Council (PCC) was held today under the chairmanship of Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, said an official statement of the Finance Ministry. The meeting was attended by key figures, including the CEO of the PCC, Bilal Bin Saqib, the …
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The Pakistan Crypto Council (PCC) has officially been launched, marking a significant step in the country’s efforts to regulate and integrate blockchain technology and digital assets into its financial landscape. The council is set to play a pivotal role in formulating policies, fostering innovation, and ensuring a secure and forward-thinking …
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The Competition Commission of Pakistan (CCP) has issued show cause notices to International Steel Limited (ISL) and Aisha Steel Mills Limited (ASML) for alleged cartelization in the flat steel market, says an official release of CCP on Tuesday. An inquiry conducted by the Commission found prima facie evidence suggesting that …
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Federal Minister for Privatization, Board of Investment, and Communications, Abdul Aleem Khan, in a special conversation regarding the privatization of Pakistan International Airlines (PIA), stated that all concerns of the interested parties have been properly addressed. He further emphasized that the government has decided to incorporate changes based on the …
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The Public Accounts Committee (PAC) recently held a meeting, chaired by Junaid Akbar, to review audit paras related to the Atomic Energy Commission, Pakistan Nuclear Regulatory Authority, and the Federal Board of Revenue (FBR). During the meeting, the Auditor General of Pakistan revealed that 15 ministries are operating without a …
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The federal government has decided to make Gwadar Port fully operational, announcing that 60% of government imports and exports will be routed through it. Addressing the National Maritime Policy Workshop in Islamabad, Federal Minister for Maritime Affairs, Qaiser Ahmed Sheikh, emphasized the critical role of the maritime sector in Pakistan’s …
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Hutchison Ports, one of the world’s leading port networks, presented its $1 billion investment plan to Finance Minister Muhammad Aurangzeb on Friday for the modernization of Pakistan’s port infrastructure. Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, recently convened with a high-level delegation from Hutchison Ports, led by Andy …
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