Pakistan’s competition watchdog has flagged major antitrust violations by PTCL, derailing its proposed acquisition of Telenor Pakistan. Aftab Maken The proposed merger between Pakistan Telecommunication Company Limited (PTCL) and Telenor Pakistan has hit a regulatory wall after the Competition Commission of Pakistan (CCP) presented a comprehensive dossier detailing PTCL’s long-standing …
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Lawmakers raise alarm over Rs 6bn tariff hikes, poor mobile coverage, telecom merger stagnation, and Pakistan’s falling behind in 5G deployment. BeNewz Report Pakistan’s telecom sector is facing mounting criticism from lawmakers who flagged serious concerns over unjustified billing practices, declining service quality, stalled mergers, and the country’s delayed entry …
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BeNewz Report The Economic Coordination Committee (ECC) of the Federal Cabinet on Thursday approved definitive agreements and financial commitments for the Reko Diq Project. The decision paves the way for full-scale development work to begin in Balochistan, with an estimated bridge financing package of $390 million allocated to rail infrastructure. …
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BeNewz Report Senate Finance Committee warns proposed laws could stifle virtual currency trade and urges curbs on discretionary powers of new regulatory authority. The Senate Standing Committee on Finance has voiced strong reservations over proposed regulations for establishing and supervising cryptocurrency exchanges in Pakistan, warning that strict conditions could make …
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Benewz Report BingX, a leading cryptocurrency exchange and Web3 AI company, today announced the launch of BingX AI Master, the world’s first AI-powered crypto trading strategist and the newest addition to the BingX AI suite of tools. This new AI product marks a major step forward in BingX’s vision to …
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NLC and DP World signed a commercial agreement with Pakistan Railways for the $400 million Dedicated Freight Corridor Papri project BeNewz Report Pakistan Railways has signed a landmark commercial agreement with the National Logistics Corporation (NLC) and Dubai-based DP World for the construction of the Dedicated Freight Corridor (DFC) Papri …
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BeNewz Report Honda Atlas Cars Pakistan has launched the City Aspire S, a premium addition to its popular sedan lineup, with bookings open at an advance of Rs1.2 million. Honda Atlas Cars Pakistan has introduced the City Aspire S, the most expensive variant in its City series, priced at Rs …
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BeNewz Report A fashion student in Karachi escaped an alleged abduction attempt by an InDrive driver after leaping from a moving car, leading to the suspect’s arrest. A late-night ride-hailing trip in Karachi turned into a harrowing ordeal on Tuesday when a young fashion student narrowly avoided abduction and harassment …
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Aftab Maken ISLAMABAD: The Senate Standing Committee on IT and Telecom, chaired by Senator Palwasha Khan, convened on Monday and received a comprehensive briefing on Pakistan’s planned 5G spectrum auction, PTCL’s pending audit, telecom mergers, and the growing threat of cyber and financial fraud. During the session, the Pakistan Telecommunication …
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BeNewz Report Pakistan’s competition regulator has questioned PTCL’s financial capacity to sustain the planned Telenor Pakistan merger, demanding binding investment commitments. The Pakistan Telecommunication Company Limited (PTCL) is under mounting scrutiny from the Competition Commission of Pakistan (CCP) over its planned merger with Telenor Pakistan, as regulators raise doubts about …
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